Fund Facts  

Inception Date: Jul 2, 1991
CUSIP: 192476109
Ticker Symbol: CSRSX
Morningstar Category:Real Estate
As of Aug 31, 2022
Fund Net Assets ($millions) $6,594

Documents for Fund or Underlying Fund(s)  



The investment seeks total return through investment in real estate securities.

Principal Investment Strategies  

Under normal market conditions, the fund invests at least 80% of its total assets in common stocks and other equity securities issued by real estate companies. It may invest up to 20% of its total assets in securities of foreign issuers which meet the same criteria for investment as domestic companies, including investments in such companies in the form of American Depositary Receipts ("ADRs"), Global Depositary Receipts ("GDRs") and European Depositary Receipts ("EDRs"). The fund is non-diversified.

Principal Investment Risks  

There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. Please see the Fund’s prospectus or other disclosure documents for information about the Fund’s risks.


Performance & Expenses

Standard Performance As of Sep 30, 2022
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
Cohen & Steers Realty Sharesa-11.02%-27.65%-16.06%0.14%5.61%7.57%10.75%
FTSE NAREIT All Equity REITs Indexa,b-10.83%-27.93%-16.27%-1.10%4.10%6.99%N/A
Morningstar Real Estatea,c-10.66%-28.62%-18.47%-1.96%2.56%5.64%N/A

Fund past performance, as shown, is no guarantee of how the Fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, participants or plan sponsors in a MissionSquare Retirement administered account can log in at, or institutions can go to

Fund performance is shown comparing it to a "benchmark" which may be a (i) broad-based securities market index (ii) a group of mutual funds with similar investment objectives, or (iii) a short term government backed debt obligation such as a U.S. Treasury Bill. An index is not available for direct investment, is unmanaged, and does not reflect the costs of portfolio management or trading. A fund's portfolio may differ from the securities held in an index.

Fund Expensesa,d
Gross Expenses0.93%
Net Expenses0.88%


a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2022 All rights reserved. This information: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of information. Morningstar is a registered trademark of Morningstar, Inc.

b. The FTSE NAREIT Equity REIT Index is an index of publicly traded REITs that own commercial property.

c. The Morningstar category average return represents the average return for a category of funds with similar investment objectives and strategies. The average is calculated and funds are assigned to a category by Morningstar.

d. Differences between the net and gross expense ratios of a fund are typically due to fee waivers, expense reimbursements, and/or expense limits.


Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Sep 30, 2022Sep 30, 2022$0.454000000
Jun 30, 2022Jun 30, 2022$1.345000000
Mar 31, 2022Mar 31, 2022$0.358000000
Dec 9, 2021Dec 9, 2021$2.348000000
Sep 30, 2021Sep 30, 2021$0.335000000
Jun 30, 2021Jun 30, 2021$0.278000000
Mar 31, 2021Mar 31, 2021$0.272000000
Dec 10, 2020Dec 10, 2020$0.509000000
Sep 30, 2020Sep 30, 2020$0.344000000
Jun 30, 2020Jun 30, 2020$1.648000000
Mar 31, 2020Mar 31, 2020$0.387000000
Dec 18, 2019Dec 18, 2019$0.421000000
Nov 5, 2019Nov 5, 2019$4.871000000
Sep 30, 2019Sep 30, 2019$0.412000000
Jun 28, 2019Jun 28, 2019$4.397000000
Mar 29, 2019Mar 29, 2019$0.499000000
Dec 6, 2018Dec 6, 2018$1.415000000
Sep 28, 2018Sep 28, 2018$0.687000000

Morningstar Information

Morningstar RatingTM   As of Sep 30, 2022
Period Stars Category Size
Overall 5 Stars234
3-Year 4 Stars234
5-Year 5 Stars206
10-Year 5 Stars150

The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange–traded funds, closed–end funds, and separate accounts) with at least a three–year history. Exchange–traded funds and open–ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk–Adjusted Return measure that accounts for variation in a managed product′s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three–, five–, and 10–year (if applicable) Morningstar Rating metrics. The weights are: 100% three–year rating for 36–59 months of total returns, 60% five–year rating/40% three–year rating for 60–119 months of total returns, and 50% 10–year rating/30% five–year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Allocation of Assets As of Jun 30, 2022
Type of Asset Percent
Fixed Income0%

Due to rounding, percentages shown may not add up to 100%.



Allocation of Assets As of Jun 30, 2022
Asset ClassPercent
Domestic Stock98.3%
Foreign Stock0.0%
Domestic Bond0.0%
Foreign Bond0.0%

Due to rounding, percentages shown may not add up to 100%.


Top Ten Holdings As of Jun 30, 2022
Holding NamePercent
American Tower Corp13.4%
Public Storage7.5%
Invitation Homes Inc6.4%
Duke Realty Corp5.6%
Welltower OP LLC5.6%
Prologis Inc4.9%
Realty Income Corp4.7%
Simon Property Group Inc4.7%
Digital Realty Trust Inc4.4%
UDR Inc3.7%


Portfolio Statistics As of Sep 30, 2022
Standard Deviation21.3818.73



Please read the fund's prospectus or disclosure materials carefully for a complete summary of all fees, expenses, investment objectives and strategies, risks, financial highlights, and performance information. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus or disclosure materials before investing. To request a prospectus or disclosure materials, you may contact us by calling 800-669-7400, or log in at

The source for this information is Morningstar, Inc. Copyright © 2022 Morningstar, Inc.™ All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar, Inc. is a global investment research firm that is not affiliated with MissionSquare Retirement or its affiliates. MissionSquare Retirement does not independently verify Morningstar data.

Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category.