Cohen & Steers Opportunity Fund Shifts Investment Policy

Under the updated policy, the fund will maintain at least 80% of its net assets in common stock or securities issued by "Portfolio Funds" listed on global exchanges. The firm defines these vehicles as closed-end pooled structures, a classification that now encompasses entities not registered under the Investment Company Act of 1940. This change allows the investment manager to pursue a more diverse range of underlying assets, including private credit, private equity, real estate, and various derivative instruments.

To guide these selections, the manager will prioritize funds demonstrating strong fundamentals, consistent dividend capacity, and attractive discounts to net asset value. While the fund retains the ability to pursue short-term trading opportunities, such tactics remain secondary to its core objectives. The transition also permits increased exposure to commodities and specialized sectors, provided the investments align with the fund's broader mandate to navigate evolving market conditions.