PFDAWX Cohen & Steers Preferred Income Opportunities Portfolio
The trust seeks to provide high current income.
The trust seeks to provide high current income by investing in a diversified portfolio of preferred securities. Cohen & Steers Capital Management, Inc. (the “Portfolio Consultant”) selected the portfolio for the trust. The Portfolio Consultant considered a variety of factors in selecting the portfolio, including industry and company trends and fundamentals, broad economic indicators, the current regulatory environment, fundamental credit quality, and portfolio diversification. The Portfolio Consultant also applied valuation screens that considered security call features, premiums and discounts, and liquidity.