CPXIX Fees and Costs — Cohen & Steers Preferred Securities & Income Fund, Inc., Class I
Data updated: 2026-08-28
The net expense ratio is 0.85%: a 0.70% management fee plus 0.15% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $613K in broker commissions, 0.0080% of average net assets, and portfolio turnover was 61%.
CPXIX Fees and Expenses
Annual operating expenses and sales charges of CPXIX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.15% |
| Gross expense ratio | 0.85% |
| Fee waiver | — |
| Net expense ratio | 0.85% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
CPXIX Costs Over Time
On $10,000 invested in CPXIX, assuming 5% a year before costs, total costs come to $538 over 5 years, cutting the return by 0.90% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.85%) | $89 | $279 | $484 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $14 | $49 |
| Total costs | $90 | $295 | $538 |
| Value after costs | $10,410 | $11,281 | $12,225 |
| Impact on return, per year | 0.90% | 0.90% | 0.90% |
CPXIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0080%
- Total broker commissions: $613K
- Bought from dealers (principal trades, not a cost): $14.5B
- Portfolio turnover (prospectus): 61%
- Securities lending: none during the year
CPXIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $513K | 83.64% |
| National Financial Services LLC | $52K | 8.52% |
| Virtu Americas LLC | $24K | 3.89% |
| Wells Fargo Securities, LLC | $11K | 1.84% |
| TD Securities (USA) LLC | $7K | 1.11% |
| Jefferies LLC | $5K | 0.88% |
| Raymond James & Associates, Inc. | $726 | 0.12% |
CPXIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $5.3B | 46.02% |
| BofA Securities, Inc. | $987.2M | 8.64% |
| Morgan Stanley & Co. LLC | $855.4M | 7.48% |
| BNP Paribas Securities Corp. | $756.4M | 6.62% |
| J.P. Morgan Securities LLC | $735.8M | 6.44% |
| Barclays Capital Inc. | $590.4M | 5.17% |
| UBS Securities LLC | $577.6M | 5.05% |
| Goldman Sachs & Co. LLC | $562.9M | 4.92% |
| Citigroup Global Markets Inc. | $561.1M | 4.91% |
| RBC Capital Markets, LLC | $543.4M | 4.75% |
Cohen & Steers Preferred Securities & Income Fund, Inc. Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| CPXFX | Class F | 0.78% | none |
| CPXZX | Class Z | 0.78% | none |
| CPXIX | Class I | 0.85% | none |
| CPXAX | Class A | 1.13% | 3.75% |
| CPRRX | Class R | 1.28% | none |
| CPXCX | Class C | 1.78% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.