| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 0/6 |
| Dividends | 0/6 |
FOF Stock Overview
Cohen & Steers Closed-End Opportunity Fund, Inc.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$13.83 |
| 52 Week High | US$15.78 |
| 52 Week Low | US$12.66 |
| Beta | 0 |
| 1 Month Change | -1.00% |
| 3 Month Change | -3.56% |
| 1 Year Change | 5.98% |
| 3 Year Change | 15.83% |
| 5 Year Change | 14.20% |
| Change since IPO | -31.19% |
Recent News & Updates
FOF: A One-Stop Shop Closed-End Fund
FOF is an attractive fund of funds approach, though we should be patient at its current price. If you are holding for diversification and collecting that steady distribution, it seems fine to continue to keep holding, in my opinion. The fund currently offers investors a distribution yield of 7.48%, which has been well-covered through capital gains.
FOF: Good CEF Fund Of Funds, But Not A Buy At These Levels
Several readers and subscribers asked for my thoughts on FOF. FOF is an actively-managed CEF fund of funds, investing in a wide variety of CEFs. An overview of the fund follows.
FOF: Interesting Strategy But An Overpriced 7% Yield
Closed-end funds may be the ideal asset for income-focused investors due to their diversity and high yields. FOF invests in a portfolio of closed-end funds, giving investors a way to assemble a portfolio of these assets very easily. The fund boasts an impressive 7.07% yield, which is difficult to get given the policies of the Federal Reserve. The fund failed to cover its distribution last year, but it does appear to be sustainable over time. The fund appears to be overvalued currently, so it might make sense to wait until the price comes down.
FOF: CEF Fund Of Funds Providing Asset Class Diversification, Yields 8.2%, And Is A Buy
The Cohen & Steers Closed-End Opportunity Fund (FOF) is an actively-managed CEF investing in just under a hundred fixed-income and equity funds. FOF's diversified holdings and strong 9.0% dividend yield make the fund a buy. For those who read my previous article on the Invesco CEF Income Composite Portfolio ETF (PCEF), FOF is quite similar to PCEF, but riskier and with a higher yield and greater potential capital gains. Nick Ackerman previously wrote about FOF
Cohen & Steers Closed-End Opportunity Fund goes ex-dividend tomorrow
Cohen & Steers Closed-End Opportunity Fund (FOF) had declared $0.087/share monthly dividend, in line with previous.Payable Jan. 29; for shareholders of record Jan. 13; ex-div Jan. 12.Additionally, declared $0.087/share monthly dividend for February and March.Payable Feb. 26; for shareholders of record Feb. 10; ex-div Feb. 09.Payable Mar. 31; for shareholders of record Mar. 17; ex-div Mar. 16.See FOF Dividend Scorecard, Yield Chart, & Dividend Growth.
Shareholder Returns
| FOF | US Capital Markets | US Market | |
|---|---|---|---|
| 7D | -0.6% | -5.5% | -4.6% |
| 1Y | 6.0% | 24.6% | 7.7% |
Return vs Industry: FOF underperformed the US Capital Markets industry which returned 24.6% over the past year.
Return vs Market: FOF underperformed the US Market which returned 7.7% over the past year.
Price Volatility
| FOF volatility | |
|---|---|
| FOF Average Weekly Movement | 2.2% |
| Capital Markets Industry Average Movement | 0.7% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.7% |
| 10% least volatile stocks in US Market | 2.4% |
Stable Share Price: FOF is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: FOF's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2006 | n/a | Adam Derechin | https://www.cohenandsteers.com/funds/details/closed-end-opportunity-fund |
Cohen & Steers Closed-End Opportunity Fund, Inc. is a close-ended fund of funds launched by Cohen & Steers Inc. It is managed by Cohen & Steers Capital Management, Inc. The fund invests in funds investing in public equity markets. It also invests in funds investing in convertible securities, preferred securities, high yield securities and real estate, energy, utility, and other equity or income-oriented strategies. The fund makes its investments in funds investing across diversified sectors.
Cohen & Steers Closed-End Opportunity Fund Fundamentals Summary
| FOF fundamental statistics | |
|---|---|
| Market Cap | US$374.50m |
| Earnings (TTM) | US$0 |
| Revenue (TTM) | n/a |
n/a
P/E Ration/a
P/S RatioIs FOF overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| FOF income statement (TTM) | |
|---|---|
| Revenue | US$0 |
| Cost of Revenue | US$0 |
| Gross Profit | US$0 |
| Expenses | US$0 |
| Earnings | US$0 |
Last Reported Earnings
n/a
Next Earnings Date
n/a
| Earnings per share (EPS) | 0 |
| Gross Margin | 0.00% |
| Net Profit Margin | 0.00% |
| Debt/Equity Ratio | 0.0% |
How did FOF perform over the long term?
See historical performance and comparisonValuation
Is Cohen & Steers Closed-End Opportunity Fund undervalued compared to its fair value and its price relative to the market?
In this section, we usually try to help investors determine whether Cohen & Steers Closed-End Opportunity Fund is trading at an attractive price based on the cash flow it is expected to produce in the future. But as Cohen & Steers Closed-End Opportunity Fund has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.
This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.
Future Growth
How is Cohen & Steers Closed-End Opportunity Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
6.3%
Forecasted Diversified Financials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Cohen & Steers Closed-End Opportunity Fund has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Past Performance
How has Cohen & Steers Closed-End Opportunity Fund performed over the past 5 years?
20.3%
Historical Diversified Financials annual earnings growth
In this section we usually display a company’s past earnings and revenues to help investors visualise the trend through time. We also gauge the company’s performance by benchmarking its returns and growth to its industry peers and the wider market. However, Cohen & Steers Closed-End Opportunity Fund has not provided sufficient past data to assess its track record.
This is quite a rare situation as 97% of companies covered by Simply Wall St do have historical data.
Financial Health
How is Cohen & Steers Closed-End Opportunity Fund's financial position?
In this section we usually analyse Cohen & Steers Closed-End Opportunity Fund's finance health to determine how well-positioned it is against times of financial distress, in particular, its ability to manage its cash and debt levels. Cohen & Steers Closed-End Opportunity Fund has not provided adequate balance sheet data, its financial health cannot be properly assessed as it.
This is quite a rare situation as 97% of companies covered by Simply Wall St do have financial information.
Dividend
What is Cohen & Steers Closed-End Opportunity Fund current dividend yield, its reliability and sustainability?
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: Unable to evaluate FOF's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate FOF's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if FOF's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if FOF's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of FOF's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Management
How experienced are the management team and are they aligned to shareholders interests?
21.0yrs
Average board tenure
CEO
Adam Derechin (56 yo)
no data
Tenure
Mr. Adam M. Derechin, CFA, serves as the Chief Operating Officer and Executive Vice President at Cohen & Steers Capital Management, Inc. Mr. Derechin serves as the President and Chief Executive Officer at...
Board Members
Experienced Board: FOF's board of directors are seasoned and experienced ( 21 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Cohen & Steers Closed-End Opportunity Fund, Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: Cohen & Steers Closed-End Opportunity Fund, Inc.
- Ticker: FOF
- Exchange: NYSE
- Founded: 2006
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Implied Market Cap: US$374.497m
- Shares outstanding: 27.26m
- Website: https://www.cohenandsteers.com/funds/details/closed-end-opportunity-fund
Location
- Cohen & Steers Closed-End Opportunity Fund, Inc.
- 280 Park Avenue
- 10th Floor
- New York
- New York
- 10017-1216
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/21 00:06 |
| End of Day Share Price | 2022/01/20 00:00 |
| Earnings | N/A |
| Annual Earnings | N/A |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.