CSZIX Fees and Costs — Cohen & Steers Real Estate Securities Fund, Class Z
Data updated: 2026-08-28
The net expense ratio is 0.75%: a 0.67% management fee plus 0.08% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2.5M in broker commissions, 0.0314% of average net assets, and portfolio turnover was 27%.
CSZIX Fees and Expenses
Annual operating expenses and sales charges of CSZIX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.67% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.08% |
| Gross expense ratio | 0.75% |
| Fee waiver | — |
| 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) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
CSZIX Costs Over Time
On $10,000 invested in CSZIX, assuming 5% a year before costs, total costs come to $491 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 | $10 | $18 |
| Lost growth on money paid in costs | $0 | $13 | $45 |
| Total costs | $82 | $269 | $491 |
| Value after costs | $10,418 | $11,307 | $12,272 |
| Impact on return, per year | 0.82% | 0.82% | 0.82% |
CSZIX 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): 0.0314%
- Total broker commissions: $2.5M
- Bought from dealers (principal trades, not a cost): $2.7B
- Portfolio turnover (prospectus): 27%
- Securities lending: none during the year
CSZIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $490K | 22.64% |
| Citigroup Global Markets Inc. | $411K | 19.01% |
| BofA Securities, Inc. | $372K | 17.20% |
| Wells Fargo Securities, LLC | $171K | 7.90% |
| Morgan Stanley & Co. LLC | $170K | 7.86% |
| Evercore Group L.L.C. | $130K | 6.02% |
| Liquidnet, Inc. | $111K | 5.15% |
| TD Securities (USA) LLC | $107K | 4.93% |
| UBS Securities LLC | $104K | 4.81% |
| National Financial Services LLC | $97K | 4.48% |
CSZIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $2.5B | 94.27% |
| CIBC World Markets Corp. | $82.6M | 3.07% |
| Wells Fargo Securities, LLC | $28.9M | 1.07% |
| J.P. Morgan Securities LLC | $24.9M | 0.93% |
| BofA Securities, Inc. | $17.7M | 0.66% |
Cohen & Steers Real Estate Securities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| CREFX | Class F | 0.75% | none |
| CSZIX | Class Z | 0.75% | none |
| CSDIX | Class I | 0.85% | none |
| CSEIX | Class A | 1.10% | 4.50% |
| CIRRX | Class R | 1.25% | none |
| CSCIX | Class C | 1.75% | 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.