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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area
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To: Crossy who wrote (36897)8/24/2011 1:08:06 PM
From: straight life1 Recommendation  Read Replies (2) of 37387
 
Thanks for the heads up on PSF; you write; " PSF by Cohen and Steers is unlevered and similarly weighed but has a higher management fee (TER ratio)."

I looked @ PSF on CEF and it says PSF annual expense ratios add up to 0.09%... which seemed low, while FFC is 1.74% (including interest expense; otherwise 1.01%).

The Cohen & Steers website tells another story, with Fund expense ratio of 1.17%, while the FFC website says 1.00%... so much for CEF accuracy, sadly.

Anyway, I guess PSF is cheaper after all, if you factor in the FFC interest expense (as it's levered), while there wouldn't be an interest expense on PSF, as it's unlevered... that is, if these website figures are accurate, and tell the whole story... or am I missing something??

So: does the TER ratio (total expense ratio) add in further cautionary figures of which I'm unaware? -TIA
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