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Cohen & Steers Global Realty Shares, Inc.
GRSRX (Mutual Fund)
Cohen & Steers Global Realty Shares, Inc.
Name
As of 12/10/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
3.7%
1 yr return
10.0%
3 Yr Avg Return
-4.1%
5 Yr Avg Return
1.2%
Net Assets
$1.78 B
Holdings in Top 10
40.6%
52 WEEK LOW AND HIGH
$54.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.34%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 46.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/10/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
GRSRX - Profile
Distributions
- YTD Total Return 3.7%
- 3 Yr Annualized Total Return -4.1%
- 5 Yr Annualized Total Return 1.2%
- Capital Gain Distribution Frequency Semi-Annually
- Net Income Ratio 0.45%
- Dividend Yield 2.4%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameCohen & Steers Global Realty Shares, Inc.
-
Fund Family NameCOHENSTEER
-
Inception DateOct 01, 2014
-
Shares OutstandingN/A
-
Share ClassR
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRogier Quirijns
Fund Description
In managing the Fund’s portfolio, Cohen & Steers Capital Management, Inc. (the “Advisor”), and the Fund’s sub-investment advisors, Cohen & Steers Asia Limited and Cohen & Steers UK Limited (the “Subadvisors”), adhere to an integrated, bottom-up, relative value investment process when selecting publicly traded real estate securities. To guide the portfolio construction process, the Advisor and Subadvisors utilize a proprietary valuation model that quantifies relative valuation of real estate securities based on price-to-net asset value (“NAV”), cash flow multiple/growth ratios and a dividend discount model (“DDM”). Analysts incorporate both quantitative and qualitative analysis in their NAV, cash flow, growth and DDM estimates. The company research process includes an evaluation of the commercial real estate supply and demand dynamics, management, strategy, property quality, financial strengthand corporate structure. Judgments with respect to global macroeconomic factors, risk control, geographic and property sector diversification, liquidity and other factors are considered along with the models’ output and drive the portfolio managers’ investment decisions. The Fund will not seek to achieve specific environmental, social and governance (“ESG”) outcomes through its portfolio of investments, nor will it pursue an overall impact or sustainable investment strategy. However, the Advisor may incorporate consideration of relevant ESG factors into its investment decision making. For example, although the Advisor does not generally exclude investments based on ESG factors alone, when considering an investment opportunity with material exposure to carbon emission regulation, this risk may be considered as one factor in the Advisor’s holistic reviewprocess.Under normal market conditions, the Fund invests at least 80%, and usually substantially all, of its total assets in common stocks and other equity securities issued by U.S. and non-U.S. real estate companies, including real estate investment trusts (“REITs”) and similar REIT-like entities. A real estate company is one that (i) derives at least 50% of its revenue from the ownership, construction, financing, management or sale of commercial, industrial or residential real estate and land; or (ii) has at least 50% of its assets invested in such real estate. REITs are companies that own interests in real estate or in real estate related loans or other interests, and their revenue primarily consists of rent derived from owned, income producing real estate properties and capital gains from the sale of such properties. A REIT in the U.S. is generally not taxed on income distributed to shareholders so long as it meets certain tax related requirements, including the requirement that it distribute substantially all of its taxable income to such shareholders (other than net capital gains for each taxable year). Foreign REITs and Foreign REITs and REIT-like entities are organized outside of the U.S. and have operations and receive tax treatment in their respective countries similar to that of U.S. REITs. The Fund retains the ability to invest in real estate companies of any market capitalization.Under normal market conditions, the Fund will invest significantly (at least 40%—unless market conditions are not deemed favorable by the Advisor, in which case the Fund would invest at least 30%) in real estate companies organized or located outside the U.S. or doing a substantial amount of business outside the U.S. The Fund allocates its assets among various regions and countries, including the United States (but in no fewer than three different countries). The Fund considers a company that derives at least 50% of its revenue from business outside the U.S. or has at least 50% of its assets outside the U.S. as doing a substantial amount of business outside the U.S. The non-U.S. companies in which the Fund invests may include those domiciled in emerging market countries. Typically, emerging markets are in countries that are in the process of industrialization, with lower gross national products per capita than more developed countries. The Fund is not limited in the extent to which it may invest in emerging market companies.The Fund may also invest in securities of foreign companies in the form of American Depositary Receipts (“ADRs”), Global Depositary Receipts (“GDRs”) and European Depositary Receipts (“EDRs”).The Fund may engage in foreign currency transactions, including foreign currency forward contracts, futures contracts, options, swaps and other similar strategic transactions in connection with its investments in securities of non-U.S. companies. The Fund’s primary use of foreign currency transactions will be to reduce the foreign currency risk inherent in the Fund’s investments.
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GRSRX - Performance
Return Ranking - Trailing
| Period | GRSRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.7% | -10.2% | 31.9% | 62.43% |
| 1 Yr | 10.0% | -8.5% | 35.7% | 60.69% |
| 3 Yr | -4.1%* | -17.7% | 17.0% | 59.88% |
| 5 Yr | 1.2%* | -10.3% | 14.9% | 47.24% |
| 10 Yr | 4.1%* | -2.9% | 10.5% | 39.13% |
* Annualized
Return Ranking - Calendar
| Period | GRSRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 7.4% | -16.8% | 16.7% | 66.86% |
| 2022 | -27.1% | -39.5% | 4.5% | 32.34% |
| 2021 | 22.2% | -0.9% | 30.7% | 35.58% |
| 2020 | -4.9% | -19.7% | 13.7% | 39.88% |
| 2019 | 14.6% | 1.0% | 26.5% | 55.56% |
Total Return Ranking - Trailing
| Period | GRSRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.7% | -10.2% | 31.9% | 62.43% |
| 1 Yr | 10.0% | -8.5% | 35.7% | 60.69% |
| 3 Yr | -4.1%* | -17.7% | 17.0% | 59.88% |
| 5 Yr | 1.2%* | -10.3% | 14.9% | 47.24% |
| 10 Yr | 4.1%* | -2.9% | 10.5% | 39.13% |
* Annualized
Total Return Ranking - Calendar
| Period | GRSRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 10.2% | -14.6% | 23.4% | 62.21% |
| 2022 | -25.4% | -39.5% | 10.1% | 40.72% |
| 2021 | 26.0% | 5.7% | 101.8% | 57.06% |
| 2020 | -2.6% | -17.8% | 14.7% | 39.26% |
| 2019 | 23.9% | 4.3% | 37.2% | 52.47% |
NAV & Total Return History
GRSRX - Holdings
Concentration Analysis
| GRSRX | Category Low | Category High | GRSRX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.78 B | 4.27 M | 7.48 B | 16.37% |
| Number of Holdings | 84 | 5 | 691 | 37.36% |
| Net Assets in Top 10 | 826 M | 2.13 M | 4.55 B | 14.94% |
| Weighting of Top 10 | 40.65% | 20.1% | 63.7% | 43.93% |
Top 10 Holdings
- Welltower Inc 7.29%
- Prologis Inc 5.73%
- Digital Realty Trust Inc 5.55%
- Simon Property Group Inc 4.53%
- Equinix Inc 3.09%
- Goodman Group 3.04%
- Realty Income Corp 3.04%
- Public Storage 3.00%
- Invitation Homes Inc 2.79%
- Iron Mountain Inc 2.57%
Asset Allocation
| Weighting | Return Low | Return High | GRSRX % Rank | |
|---|---|---|---|---|
| Stocks | 98.84% | 3.62% | 126.54% | 56.90% |
| Cash | 1.16% | 0.00% | 11.23% | 52.87% |
| Preferred Stocks | 0.00% | 0.00% | 7.25% | 71.26% |
| Other | 0.00% | -33.49% | 101.32% | 79.89% |
| Convertible Bonds | 0.00% | 0.00% | 0.07% | 67.05% |
| Bonds | 0.00% | 0.00% | 22.09% | 70.11% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | GRSRX % Rank | |
|---|---|---|---|---|
| Real Estate | 98.45% | 72.53% | 100.00% | 40.24% |
| Consumer Cyclical | 1.06% | 0.00% | 13.03% | 27.81% |
| Communication Services | 0.49% | 0.00% | 10.08% | 53.85% |
| Utilities | 0.00% | 0.00% | 0.96% | 70.41% |
| Technology | 0.00% | 0.00% | 4.92% | 82.25% |
| Industrials | 0.00% | 0.00% | 4.91% | 76.92% |
| Healthcare | 0.00% | 0.00% | 1.54% | 72.78% |
| Financial Services | 0.00% | 0.00% | 9.53% | 75.15% |
| Energy | 0.00% | 0.00% | 0.11% | 69.23% |
| Consumer Defense | 0.00% | 0.00% | 0.18% | 71.01% |
| Basic Materials | 0.00% | 0.00% | 1.63% | 70.41% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | GRSRX % Rank | |
|---|---|---|---|---|
| US | 62.86% | 0.00% | 102.76% | 62.07% |
| Non US | 35.98% | 0.00% | 99.07% | 29.89% |
GRSRX - Expenses
Operational Fees
| GRSRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.34% | 0.10% | 36.96% | 50.57% |
| Management Fee | 0.75% | 0.09% | 1.50% | 39.31% |
| 12b-1 Fee | 0.50% | 0.00% | 1.00% | 64.47% |
| Administrative Fee | 0.04% | 0.01% | 0.25% | 28.26% |
Sales Fees
| GRSRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| GRSRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.25% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| GRSRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 46.00% | 1.00% | 165.00% | 42.86% |
GRSRX - Distributions
Dividend Yield Analysis
| GRSRX | Category Low | Category High | GRSRX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.40% | 0.00% | 5.52% | 43.68% |
Dividend Distribution Analysis
| GRSRX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | SemiAnnual | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
| GRSRX | Category Low | Category High | GRSRX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.45% | -0.23% | 3.84% | 93.53% |
Capital Gain Distribution Analysis
| GRSRX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Semi-Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 07, 2023 | $0.616 | OrdinaryDividend |
| Jun 30, 2023 | $0.661 | OrdinaryDividend |
| Dec 08, 2022 | $0.635 | OrdinaryDividend |
| Jun 30, 2022 | $0.565 | OrdinaryDividend |
| Dec 09, 2021 | $0.787 | OrdinaryDividend |
| Jun 30, 2021 | $1.121 | OrdinaryDividend |
| Dec 10, 2020 | $0.445 | OrdinaryDividend |
| Jun 30, 2020 | $0.757 | OrdinaryDividend |
| Dec 04, 2019 | $1.543 | OrdinaryDividend |
| Dec 04, 2019 | $0.686 | CapitalGainShortTerm |
| Dec 04, 2019 | $0.971 | CapitalGainLongTerm |
| Jun 28, 2019 | $0.645 | OrdinaryDividend |
| Jun 28, 2019 | $0.651 | CapitalGainLongTerm |
| Dec 06, 2018 | $0.635 | OrdinaryDividend |
| Dec 06, 2018 | $0.142 | CapitalGainLongTerm |
| Jun 29, 2018 | $0.173 | OrdinaryDividend |
| Mar 20, 2018 | $0.607 | OrdinaryDividend |
| Mar 20, 2018 | $0.166 | CapitalGainLongTerm |
| Dec 06, 2017 | $0.448 | OrdinaryDividend |
| Jun 30, 2017 | $0.498 | OrdinaryDividend |
| Jun 30, 2017 | $0.354 | CapitalGainLongTerm |
| Dec 08, 2016 | $1.403 | OrdinaryDividend |
| Dec 08, 2016 | $1.059 | CapitalGainLongTerm |
| Jun 30, 2016 | $0.681 | OrdinaryDividend |
| Dec 10, 2015 | $0.199 | OrdinaryDividend |
| Jun 30, 2015 | $0.473 | OrdinaryDividend |
| Jan 02, 2015 | $0.332 | ExtraDividend |
| Dec 11, 2014 | $0.313 | OrdinaryDividend |
GRSRX - Fund Manager Analysis
Managers
Rogier Quirijns
Start Date
Tenure
Tenure Rank
May 01, 2012
10.09
10.1%
Rogier Quirijns, Senior Vice President, is Head of Europe Real Estate and a senior portfolio manager and oversees the research and analyst team for European real estate securities. He has 20 years of investment experience. Prior to joining Cohen & Steers in 2008, Mr. Quirijns was a senior real estate equity analyst with ABN AMRO in Amsterdam, where his coverage included France, Scandinavia and the Benelux region. Previously, he was a direct real estate portfolio manager with Equity Estate and an analyst within the real estate corporate finance team at Arthur Andersen. Mr. Quirijns holds a degree in business economics from the University of Amsterdam. He is based in London.
Jon Cheigh
Start Date
Tenure
Tenure Rank
May 31, 2012
10.01
10.0%
Jon Y. Cheigh joined Cohen & Steers in 2005 and currently serves as Executive Vice President and head of the global real estate investment team. Prior to joining Cohen & Steers in 2005, Mr. Cheigh was a vice president and senior REIT analyst for two years at Security Capital Research & Management. Previously, he was a vice president of real estate acquisitions at InterPark and an acquisitions associate at Urban Growth Property Trust, two privately held REITs. Mr. Cheigh holds a BA cum laude from Williams College and an MBA from the University of Chicago.
William Leung
Start Date
Tenure
Tenure Rank
Oct 01, 2012
9.67
9.7%
William Leung, Senior Vice President, is Head of Asia Pacific Real Estate and a portfolio manager for global real estate securities portfolios. He has 25 years of investment experience. Prior to joining the firm in 2012, Mr. Leung was with RREEF Real Estate/Deutsche Bank for 12 years, where he was lead portfolio manager of the Asia real estate securities team. Previously, he was a research analyst with Merrill Lynch Asia Pacific. Mr. Leung has an MBA from the Hong Kong University of Science & Technology and a BA from Hong Kong Polytechnic University. He is based in Hong Kong.
Ji Zhang
Start Date
Tenure
Tenure Rank
Nov 01, 2021
0.58
0.6%
Ms. Zhang joined Cohen & Steers Capital Management, Inc in 2018 and currently serves as Vice President, and a member of the Global Real Estate investment team. Ms. Zhang is a Chartered Financial Analyst charterholder. She is based in New York. Ji Zhang – Advisor, and a member of the global real estate investment team.
Jason Yablon
Start Date
Tenure
Tenure Rank
Apr 29, 2022
0.09
0.1%
Jason A. Yablon, Senior Vice President, is a senior portfolio manager for U.S. real estate securities portfolios. He has 20 years of experience. Prior to joining Cohen & Steers in 2004, Mr. Yablon was a sell-side analyst at Morgan Stanley for four years, focusing most recently on apartment and health care REITs. Mr. Yablon has a BA from the University of Pennsylvania. He is based in New York.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 20.42 | 7.12 | 10.42 |
