Fund of Funds

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Cohen & Steers Infrastructure Fund Inc

Cohen & Steers Infrastructure Fund Inc (NYSE: UTF) is a closed-end fund investing in global infrastructure equities. Managed by Cohen & Steers.

Cohen & Steers Infrastructure Fund Inc

Cohen & Steers Infrastructure Fund Inc (NYSE: UTF) is a non-diversified, closed-end management investment company launched by Cohen & Steers, a New York-based asset manager specializing in real assets. The fund's investment objective is total return, composed of high current income and capital appreciation. It typically invests at least 80% of its net assets in equity securities of infrastructure companies, including those in utilities, energy infrastructure, transportation, and communications sectors. The fund employs a multi-sector approach, targeting companies with stable cash flows, regulated or contracted revenue models, and growth potential linked to economic expansion or government spending. It may also invest in real estate investment trusts (REITs) that focus on infrastructure-related property types. As a closed-end fund, shares trade on the NYSE under the ticker UTF, and the fund can use leverage to enhance returns. Cohen & Steers as a firm manages over $80 billion in assets (per Cohen & Steers, 2025), with the infrastructure fund representing one of its several closed-end offerings. The fund's portfolio is concentrated in North America and Western Europe, with exposure to companies like NextEra Energy, Union Pacific, and Enbridge. The fund has no specifically named portfolio companies in recent filings, but sector allocation data is publicly available in its annual reports. Cohen & Steers Infrastructure Fund's structure as a closed-end fund is a clear differentiator: it does not face daily redemptions, enabling management to invest in less-liquid infrastructure equities and use leverage. The fund is externally managed by Cohen & Steers Capital Management, which provides dedicated infrastructure research and portfolio management teams. This governance arrangement aligns the fund with the broader Cohen & Steers platform, a specialist in real assets for over 30 years.

General information

Firm type

Fund of Funds

Year founded

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Corporate office

United States

Sector focus

InfrastructureReal Estate

Frequently asked questions

Who manages Cohen & Steers Infrastructure Fund?

The fund is externally managed by Cohen & Steers Capital Management, a specialist in real assets. The portfolio management team includes senior investment professionals dedicated to infrastructure equities, but specific named portfolio managers are not publicly highlighted for this fund.

What is the fund's dividend policy?

Cohen & Steers Infrastructure Fund pays a monthly dividend, which it has maintained consistently. As of 2024, the dividend was $0.077 per share per month, equating to an annualized yield of approximately 3.3% based on the December 31, 2024 market price (per Cohen & Steers, 2024). The fund may also pay special distributions from realized capital gains.

Does the fund use leverage?

Yes, the fund is authorized to use leverage through borrowings or the issuance of preferred shares to enhance returns. The use of leverage is disclosed in the fund's annual and semi-annual reports, with leverage ratios varying over time.

What infrastructure sectors does the fund target?

The fund invests across utilities, energy infrastructure (pipelines, midstream), transportation (railroads, toll roads, airports), and communications (towers, data centers). It focuses on companies with regulated or contracted revenue streams that provide predictable cash flows.

How does the fund differ from an infrastructure ETF?

As a closed-end fund, Cohen & Steers Infrastructure Fund can trade at a discount or premium to its net asset value and can use leverage, both of which introduce additional risks and return potential. Unlike ETFs, its share count is fixed and it does not experience daily creation/redemption activity.

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