Is Cohen & Steers Realty Shares L (CSRSX) a Strong Mutual Fund Pick Right Now?
Mutual Fund Report for CSRSX
Having trouble finding a Mutual Fund Equity Report fund? Cohen & Steers Realty Shares L (CSRSX - Free Report) is a potential starting point. CSRSX bears a Zacks Mutual Fund Rank of 2 (Buy), which is based on nine forecasting factors like size, cost, and past performance.History of Fund/ManagerCohen & Steers is based in New York, NY, and is the manager of CSRSX. Cohen & Steers Realty Shares L made its debut in July of 1991, and since then, CSRSX has accumulated about $3.83 billion in assets, per the most up-to-date date available.
The fund's current manager is a team of investment professionals.PerformanceObviously, what investors are looking for in these funds is strong performance relative to their peers. This fund carries a 5-year annualized total return of 6.9%, and is in the top third among its category peers. If you're interested in shorter time frames, do not dismiss looking at the fund's 3-year annualized total return of 3.34%, which places it in the top third during this time-frame.When looking at a fund's performance, it is also important to note the standard deviation of the returns.
The lower the standard deviation, the less volatility the fund experiences. Compared to the category average of 18.1%, the standard deviation of CSRSX over the past three years is 21.75%. Looking at the past 5 years, the fund's standard deviation is 18.93% compared to the category average of 15.74%.
This makes the fund more volatile than its peers over the past half-decade.Risk FactorsInvestors should note that the fund has a 5-year beta of 0.82, which means it is hypothetically less volatile than the market at large. Another factor to consider is alpha, as it reflects a portfolio's performance on a risk-adjusted basis relative to a benchmark-in this case, the S&P 500. The fund has produced a negative alpha over the past 5 years of -1.7, which shows that managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.ExpensesCosts are increasingly important for mutual fund investing, and particularly as competition heats up in this market.
And all things being equal, a lower cost product will outperform its otherwise identical counterpart, so taking a closer look at these metrics is key for investors. In terms of fees, CSRSX is a no load fund. It has an expense ratio of 0.88% compared to the category average of 1.20%.
So, CSRSX is actually cheaper than its peers from a cost perspective.Investors should also note that the minimum initial investment for the product is $10,000 and that each subsequent investment has no minimum amount.Bottom LineOverall, Cohen & Steers Realty Shares L ( CSRSX ) has a high Zacks Mutual Fund rank, and in conjunction with its comparatively strong performance, average downside risk, and lower fees, this fund looks like a good potential choice for investors right now.This could just be the start of your research on CSRSXin the Mutual Fund Equity Report category. Consider going to URL for additional information about this fund, and all the others that we rank as well for additional information. Want to learn even more? We have a full suite of tools on stocks that you can use to find the best choices for your portfolio too, no matter what kind of investor you are.