Income Opportunities REIT
Allocation to private real estate
Enhances returns and may reduce volatility
Model index blend
Trailing 20-year period as of December 31, 2022, Annualized
Annualized return
10%
9%
8%
7%
Private
real estate
10% Private RE
35% Equities
55% Bonds
10% Private RE
55% Equities
35% Bonds
10% Private RE
75% Equities
15% Bonds
60% Equities
40% Bonds
6%
10% Private RE
15% Equities
75% Bonds
5%
20% Equities
4%
3%
Bonds
80% Bonds
40% Equities
60% Bonds
80% Equities
20% Bonds
Equities
2%
3%
4%
5%
6%
7%
8%
9%
10%
11% 12%
Annualized volatility
13%
14%
15%
16%
17%
Source: Bloomberg, NCREIF, Cohen & Steers.
Data quoted represents past performance, which is no guarantee of future results. Private real estate is not traded on an exchange and will have less liquidity tan public traded
securities. The information presented above does not reflect the performance of any fund or other account managed or serviced by Cohen & Steers, and there is no guarantee that investors
will experience the type of performance reflected above. There is no guarantee that any historical trend illustrated above will be repeated in the future, and there is no way to predict precisely
when such a trend will begin. The views and opinions above are as of the date of this publication and are subject to change without notice. Diversification is not guaranteed to ensure a profit
or protect against loss.
(1) Private Real Estate is represented by NCREIF Fund Index - Open End Diversified Core Equity (NFI-ODCE). The NFI-ODCE is a capitalization-weighted, gross-of-fees, time-weighted return index, reporting both historical and current
results of 30 open-end commingled funds pursuing a core investment strategy.
(2) Fixed Income is represented by Bloomberg US Aggregate Bond Index. The Bloomberg US Aggregate Bond Index is a broad-market measure of the US dollar-denominated investment-grade fixed-rate taxable bond market. The index
includes Treasuries, government-related and corporate securities, mortgage-backed securities, asset-backed securities, and commercial mortgage-backed securities.
(3) Stocks are represented by the S&P 500 Index which is an unmanaged index of 500 large-capitalization stocks that is frequently used as a general measure of U.S. stock market performance.
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