This is a closed-end fund managed by Cohen & Steers, featuring a fund-of-funds structure that selects a diverse range of closed-end funds, including equity, bond, and hybrid types. It primarily seeks funds that trade at a market price lower than their NAV.

It is suitable for investors who want to diversify across multiple closed-end funds at once, desire monthly distributions, and can tolerate fluctuations in discount rates and a dual fee structure.

It is an actively managed Closed-End Fund operated by Cohen & Steers.

The fund selects closed-end funds trading at a discount to their NAV and allocates them across equity, bond, and hybrid types. The strategy aims to capture both the returns of the held funds and the narrowing of their discount rates.

• Fund-of-funds structure selecting only closed-end funds
• Active management selecting funds trading at a discount

The market capitalization (based on market price) is - (-), and the expense ratio is - per annum.

Due to the nature of CEFs, where market prices trade at a difference from the NAV, discounts or premiums fluctuate frequently. Precise NAV and discount rates should be verified through CefConnect and the fund manager's disclosures.

Monthly distributions are ongoing, and under a managed distribution policy, distributions exceeding investment income may be treated as Return of Capital (ROC). The composition of distribution sources must be verified through official disclosures.

If the discount range across the closed-end fund industry widens, the value of the fund's holdings and its opportunities for new inclusions will change accordingly. CEF supply and demand are also influenced by interest rates and stock market sentiment.

⚔️ Pros and Cons of Cohen & Steers Closed-End Opportunity FundThe strength lies in diversifying across multiple closed-end funds to receive monthly dividends, while the core concerns are double fees and the possibility of ROC.

💪 Key Strengths

Closed-End Fund Diversification

It provides the effect of investing in multiple CEFs through a single ticker.

Monthly Dividend Income

Monthly distributions are paid out, which is advantageous for managing cash flow.

Discount Exploitation Strategy

It aims for opportunities in discount narrowing by selecting funds trading below their NAV.

⚠️ Points to Note

Double Fee Structure

Both the fees of the underlying funds and the fund's own fees are incurred.

NAV Discount Volatility

The fund's own discount may widen depending on market sentiment.

Possibility of ROC

If distributions exceed earnings, the NAV may decrease due to return of capital.

🔄 Similar CEFs and Related Products to Cohen & Steers Closed-End Opportunity FundOther CEFs managed by Cohen & Steers include RQI, RNP, and UTF, but they differ from FOF in that they concentrate on specific assets such as real estate and infrastructure. The method of selecting among closed-end funds can be compared to diversified equity CEFs like GAM.

✅ Investor Checkpoints for Cohen & Steers Closed-End Opportunity FundThese are CEF-specific points to check before investing in FOF. Due to its fund-of-funds structure that holds other closed-end funds, one must examine both the discount rates and fees of the underlying funds; unlike ETFs, NAV discounts and the proportion of ROC are key variables.

CheckpointDetails to VerifyCurrent Status💰 Distribution RateSustainability of the current distribution rateMonthly distribution maintained📉 NAV DiscountTrend of discount or premium relative to NAVRefer to CefConnect⚖️ LeverageUse of borrowed funds and interest rate sensitivityCheck latest reports🔄 ROC ProportionRatio of return of capital within distributionsCheck 19a-1 NoticeWhen the closed-end fund market is weak, the NAV and discount levels of the underlying funds may simultaneously become unfavorable. Under a managed distribution policy, if the ROC proportion increases, NAV erosion also accumulates.This is a CEF worth considering for investors who want to receive monthly dividends while diversifying across other closed-end funds. A prudent approach is to use a staggered entry method while regularly monitoring the discount rate, double fees, and ROC proportion.

1-Year Price Performance

Dividend & Yield

Dividend Yield 8.41%

Annual Dividend (TTM) $1.04

1Y Return -4.2%

Next Ex-Dividend Date 11/10/2026

52-Week Price Range

$12

Low $12 High $15

vs. low +3.59% vs. high -17.42%

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Disclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.

This article reflects information as of October 31, 2026.

US STOCK TODAY Editorial Team

Every figure is calculated directly from filings and market data. How we work

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