CSRIX Fees and Costs — Cohen & Steers Institutional Realty Shares
Data updated: 2026-08-28
The net expense ratio is 0.75%: a 0.75% management fee plus 0.01% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2.1M in broker commissions, 0.0270% of average net assets, and portfolio turnover was 33%.
CSRIX Fees and Expenses
Annual operating expenses and sales charges of CSRIX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | — |
| Other expenses | 0.01% |
| Gross expense ratio | 0.76% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.75% |
| 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 | Yes |
| Waived fees subject to recoupment | No |
CSRIX Costs Over Time
On $10,000 invested in CSRIX, assuming 5% a year before costs, total costs come to $488 over 5 years, cutting the return by 0.82% 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 0.75%) | $79 | $246 | $428 |
| Trading costs (broker commissions) | $3 | $9 | $15 |
| Lost growth on money paid in costs | $0 | $13 | $45 |
| Total costs | $82 | $268 | $488 |
| Value after costs | $10,418 | $11,308 | $12,275 |
| Impact on return, per year | 0.82% | 0.82% | 0.82% |
CSRIX 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): 0.0270%
- Total broker commissions: $2.1M
- Bought from dealers (principal trades, not a cost): $3.2B
- Portfolio turnover (prospectus): 33%
- Securities lending: none during the year
CSRIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $348K | 18.53% |
| J.P. Morgan Securities LLC | $325K | 17.29% |
| Citigroup Global Markets Inc. | $295K | 15.72% |
| Evercore Group L.L.C. | $206K | 10.98% |
| Wells Fargo Securities, LLC | $182K | 9.70% |
| Goldman Sachs & Co. LLC | $180K | 9.60% |
| Morgan Stanley & Co. LLC | $109K | 5.80% |
| Liquidnet, Inc. | $83K | 4.42% |
| National Financial Services LLC | $76K | 4.02% |
| UBS Securities LLC | $74K | 3.94% |
CSRIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $3.1B | 98.39% |
| J.P. Morgan Securities LLC | $34.1M | 1.07% |
| BofA Securities, Inc. | $17.2M | 0.54% |
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.