Cohen & Steers Closed-End Opportunity Fund is a closed-end management investment fund that seeks to deliver a combination of high current income and potential capital appreciation. The fund accomplishes this by investing primarily in the common shares of other closed-end funds that themselves focus on equity and income-generating securities. By targeting at least 80% of its assets to these portfolio funds, the fund offers broad exposure to a diversified pool of underlying asset classes and managers, allowing investors to participate in sectors such as real estate, preferred securities, and other income-oriented investments. This structure enables the fund to capitalize on valuation opportunities and market inefficiencies, particularly by purchasing closed-end funds that may be trading at discounts to their net asset values. Serving as a 'fund of funds,' it plays a significant role in the financial markets by facilitating access to diversified strategies and income streams for investors seeking to enhance their total return profile through active allocations across the closed-end fund universe.
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