Cohen & Steers Infrastructure Fund Inc
Find Ratings Reports- Last Ratings Update:02/29/2024
- Price as of 02/29/2024 :$21.82
- Net Assets:$2,245.7 Million
- NAV:$22.15
- Premium-1.49%
- Peer Rank:9 of 20
- Investment Rating:C-
- Performance:C-
- RiskC+
We rate Cohen&Steers Infrastructure Fund at C-. Positive factors that influence this rating include a low price volatility. The fund invests approximately 77% of its assets in stocks and may be considered for investors seeking a Sector - Utilities strategy.
Total return ranks below peers over the last three years. The Cohen&Steers Infrastructure Fund has returned an annual rate of 9.21% since inception. More recently, the fund has generated a total return of 7.48% in the last five years, 2.74% in the last three years, and 0.60% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 60% of them. It has also outpaced 49% of its competitors on a three year basis and 15% of them over the last year for the period ending 2/29/2024. On a year to date basis, UTF has returned 6.25%.
Downside risk has been below average. UTF has a draw down risk of -34.07%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 21.4%. This fund has experienced a high level of volatility in its monthly performance over the last 36 months.
High expense ratio hinders performance. On total assets of $2.25 billion, UTF maintains a high expense ratio compared to its Sector - Utilities peers of 3.72% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As UTF is a closed end fund, it has no front end or back end load.
Manager tenure is a net positive but performance record lags managerial peers. Substandard fund managers tend to be replaced, so a long tenure is usually a good sign that a fund is achieving its objectives. The Cohen&Steers Infrastructure Fund has been managed by William F. Scapell for the last 20 years. Over that period, the manager was able to capture more actual gains in excess of the expected return than just 46% of other fund managers.