Cohen & Steers Infrastructure Fund (UTF)

Cohen & Steers Infrastructure (UTF) is a popular stock closed end fund with $3.1 billion of assets. It invests in stocks of Infrastructure companies. The fund objective is to provide high total return with an emphasis of income.

UTF Fund Profile

• Fund Inception Date: 03/30/2004
• Ticker Symbol: UTF
• CUSIP: 19248A109
• Rank in category (YTD): 42%
• Category: Utilities
• Distribution Rate: 6.23%
• Effective Leverage: 26.38%
• Capital Gains: -
• Base Expense Ratio: 1.41%
• Net Assets: $ 3.13 billion
• Annual Turnover Rate: 58%

With a high dividend yield of 6.23%, this equity fund is managed by Robert Becker and William F. Scapell. Its net asset value (NAV) price is $26.61 per share.
The market price is trading at 11.01% discount to its NAV. The total expense ratio fee is 2.22% per year (including 0.81% interest rate expense fee).

Cohen & Steers Infrastructure Fund Performance

Morningstar has ranked this Cohen & Steers Infrastructure Fund with 3 stars rating. In 2014, the year-to-date return is 20.59%. This utilities stock fund has returned 22.98% over the past 1 year, and 21.23% over the past 5 years.

More: Best Utilities Closed End Funds 2014

Fund Performance:

• Year 2013: 18.10%
• Year 2012: 28.67%
• Year 2011:  4.94%
• Year 2010: 11.34%

UTF Fund Holdings

This Cohen & Steers fund has 188 stocks in its portfolio. The annual portfolio turnover rate is 58%. The top 6 stocks in its holdings are American Tower Corp A, Crown Castle International Corp, Vinci, SBA Communications Corporation, Dominion Resources Inc, and NextEra Energy Inc. Top 3 sectors are general equity (83%), preferred shares debt (15%), and corporate debt (1.1%).

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Pros:

• This Cohen & Steers Infrastructure Fund has high yield. It is suitable for income seeker.

Cons:

• There is leverage being used, it may be riskier than other utilities ETFs or funds.
• Performance has been ok.