COHEN & STEERS REALTY SHARES, INC.
CLASS A (CSJAX), CLASS C (CSJCX), CLASS F (CSJFX), CLASS I (CSJIX),
CLASS L (CSRSX), CLASS R (CSJRX) AND CLASS Z (CSJZX) SHARES
Supplement dated October 28, 2020 to
Summary Prospectus dated May 1, 2020
Prospectus dated May 1, 2020, as supplemented on August 13, 2020
Statement of Additional Information dated September 1, 2020
COHEN & STEERS INSTITUTIONAL REALTY SHARES, INC. (CSRIX)
Supplement dated October 28, 2020 to
Summary Prospectus and Prospectus dated May 1, 2020
Statement of Additional Information dated September 1, 2020
Thomas Bohjalian, Executive Vice President and Head of the U.S. Real Estate investment team of Cohen & Steers Capital Management, Inc. (the Advisor), has announced his intention to retire from the Advisor on June 30, 2021. Effective May 1, 2021, Thomas Bohjalian will no longer serve as a portfolio manager to Cohen & Steers Realty Shares, Inc. and Cohen & Steers Institutional Realty Shares, Inc. (each a Fund and collectively, the Funds).
In addition, effective November 30, 2020, Mathew Kirschner will be added as a portfolio manager of the Funds. As of September 30, 2020, Mathew Kirschner did not beneficially own any equity securities of the Funds.
Accordingly, the section titled Investment ManagementPortfolio Managers of each Funds Summary Prospectus and Prospectus is hereby replaced in its entirety with the following:
The Funds portfolio managers are:
Thomas BohjalianExecutive Vice President of the Advisor. Mr. Bohjalian has been a portfolio manager of the Fund since 2012.
Jon CheighChief Investment Officer and Executive Vice President of the Advisor. Mr. Cheigh has been a portfolio manager of the Fund since 2007.
Jason YablonSenior Vice President of the Advisor. Mr. Yablon has been a portfolio manager of the Fund since 2013.
Mathew KirschnerSenior Vice President of the Advisor. Mr. Kirschner has been a portfolio manager of the Fund since 2020.
In addition, the section titled Management of the FundPortfolio Managers of each Funds Prospectus is hereby replaced in its entirety with the following:
The Funds portfolio managers are:
Thomas BohjalianMr. Bohjalian joined the Advisor in 2002 and currently serves as Executive Vice President of the Advisor, and Head of the U.S. Real Estate investment team. Mr. Bohjalian is a Chartered Financial Analyst charterholder. He is based in New York.
CSRCSIRPROSUP-10-2020
Jon CheighMr. Cheigh joined the Advisor in 2005 and currently serves as Executive Vice President of the Advisor, Chief Investment Officer and Head of the Global Real Estate investment team. He is based in New York.
Jason YablonMr. Yablon joined the Advisor in 2004 and currently serves as Senior Vice President of the Advisor, and is a senior member of the U.S. Real Estate investment team. He is based in New York.
Mathew KirschnerMr. Kirschner joined the Advisor in 2004 and currently serves as Senior Vice President of the Advisor and a member of the U.S. real estate investment team. Mr. Kirschner is a Chartered Financial Analyst charterholder. He is based in New York.
The Advisor utilizes a team-based approach in managing the Fund. Messrs. Bohjalian, Cheigh, Yablon and Kirschner direct and supervise the execution of the Funds investment strategy, and lead and guide the other members of the investment team.
The SAI contains additional information about the portfolio managers compensation, other accounts they manage, and their ownership of securities in the Fund.
In addition, the Accounts Managed table of the section titled Investment Advisory and Other ServicesPortfolio Managers of the Funds Statement of Additional Information is hereby revised with respect to each Fund as follows:
Number of Other Accounts Managed and Assets ($mm) by Account Type | ||||||||||||||||||||||||
Registered Investment Companies |
Other Pooled Vehicles |
Other Accounts |
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Number of Accounts |
Total Assets |
Number of Accounts |
Total Assets |
Number of Accounts |
Total Assets |
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Realty Shares* |
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Thomas Bohjalian |
7 | $ | 13,053 | 17 | $ | 9,466 | 19 | $ | 3,311 | (1) | ||||||||||||||
Jon Cheigh |
8 | $ | 6,263 | 35 | $ | 4,255 | 22 | $ | 5,812 | (2) | ||||||||||||||
Jason Yablon |
6 | $ | 12,564 | 10 | $ | 1,049 | 11 | $ | 4,110 | (1) | ||||||||||||||
Mathew Kirschner |
5 | $ | 12,555 | 7 | $ | 8,696 | 0 | $ | 0 | |||||||||||||||
Institutional Realty Shares* |
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Thomas Bohjalian |
7 | $ | 15,062 | 17 | $ | 9,466 | 19 | $ | 3,311 | (1) | ||||||||||||||
Jon Cheigh |
8 | $ | 8,272 | 35 | $ | 4,255 | 22 | $ | 5,812 | (2) | ||||||||||||||
Jason Yablon |
6 | $ | 14,573 | 10 | $ | 1,049 | 11 | $ | 4,110 | (1) | ||||||||||||||
Mathew Kirschner |
5 | $ | 14,564 | 7 | $ | 8,696 | 0 | $ | 0 |
* | Other accounts managed data as of September 30, 2020. |
(1) | Two Other Accounts, with total assets of $118.8 million as of September 30, 2020, are subject to performance based fees. |
(2) | One Other Account, with total assets of $310.1 million as of September 30, 2020, is subject to performance based fees. |
PLEASE RETAIN THIS SUPPLEMENT FOR YOUR RECORDS
CSRCSIRPROSUP-10-2020