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CSNR

GradeDNew York Stock Exchange Arca

Cohen & Steers Natural Resources Active ETF

Sectors · CohenSteers · Inception 2025-02-04

$37.47−0.22 (−0.58%)

As of Sep 23, 2026, 2:13 PM EDT

History starts Feb 5, 2025.
Intraday session: down, 33 prints from 37.69 to 37.47. Range 37.37 to 37.97. Use the arrow keys to read each point.$37.60$37.80$38.0010 AM12 PM2 PM4 PM
Expense ratio
0.50%
Fund size
$16M
1Y return
+33.8%
Yield · Last 12 months
1.78%
Holdings
62
Volume · 30D
0M sh
NAV per share
$37.29
52W range
low $28.36high $39.42

The ETF.net CSNR Grade

D

37/ 100

Rank 9 of 14 in Natural Resources

Confidence Medium

Six-pillar profile for CSNR. Scores out of 100: Cost 35, Risk 54, Mission not scored, Tradability 17, Holdings 56, Durability 26. Strongest: Holdings (56). Weakest: Tradability (17). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 37 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 35
    Category rank9/14 · mid-pack
  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 54
    Category rank6/14 · top 43%
  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 17
    Category rank12/14 · bottom quartile
  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 56
    Category rank7/14 · top 50%
  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 26
    Category rank14/14 · bottom quartile

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on CSNR

ETF.net Research

DA stock-picker's route into commodities: roughly 60 global natural resource companies, chosen by an active manager using top-down and bottom-up work rather than index weight, for 0.50% a year.

Stated mandate

The Fund seeks total return by investing in securities of natural resource companies. Its adviser actively selects investments using top-down and bottom-up analysis.

Why people hold it

  1. 01Costs 0.50% a year, which undercuts the typical actively managed US equity ETF fee. Cheap is not usually how active resource funds introduce themselves.
  2. 02Roughly 60 names, picked globally. The manager can lean into an oil major or a copper miner instead of taking whatever weight an index hands out.
  3. 03Owns shares of resource companies, not futures, inside a plain 1940 Act ETF wrapper. Ordinary brokerage tax reporting, with cash paid out quarterly.
  4. 04Scores in the upper half of its active-equity peer group on our review, helped by the fee and the clarity of its mandate.

Worth knowing

  1. 01Launched in 2025 with a modest asset base and light trading. Spreads can widen, so the price you see is not always the price you get.
  2. 02One slice of the market. Energy, metals and agriculture stocks move with commodity cycles, and those cycles can be brutal on the way down.
  3. 03No index to fall back on. Returns hinge on the adviser's calls, and the track record is too short to judge those calls yet.

CSNR Holdings

As of Sep 21, 2026, 3:57 AM
Asset class
Stocks
Holdings
62
Top-10 weight
39%
Largest holding
SHEL.L6.2%

Geography

  • United States44.30%
  • Canada20.66%
  • United Kingdom10.77%
  • Norway4.35%
  • Switzerland4.17%
  • France2.71%
  • Spain2.39%
  • Italy2.08%
  • Other countries (7)8.58%

Developed 95% · Emerging 5% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001SHEL.LShell Plc-New6.20%143,951$7M159
002XOMExxonmobil Holdings Corp5.87%39,831$7M501
003BGBunge Global Sa4.46%41,436$5M260
004NTR.TONutrien Ltd3.93%55,118$4M89
005SU.TOSuncor Energy Inc3.87%61,718$4M114
006GLEN.LGlencore International3.16%451,070$3M127
007FNV.TOFranco-Nevada Corp3.02%12,553$3M83
008NEMNewmont Mining Corporation3.01%26,824$3M428
009PSXPhillips 663.00%12,117$3M368
010CFCF Industries Holdings Inc.2.74%22,660$3M329
011CTVACorteva Inc-W/I2.73%37,122$3M304
012TTE.PATotal SA2.70%32,714$3M151
013AAL.LAnglo American PLC2.60%53,189$3M117
014SFDSmithfield Foods Inc2.45%137,378$3M91
015FCXFreeport-Mcmoran Inc.2.41%37,679$3M368

Showing 1–15 of 60 holdings

CSNR Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

CSNR$13,384
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. CSNR $13,384. SPY $11,723. Use the arrow keys to read each point.$9,178$11,741$14,305Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for CSNR. Periods over one year show the average yearly return.
PeriodCSNR
Year to date+23.4%
1 month−2.8%
3 months+9.2%
1 year+33.8%
3 yearsFund is under 3 years oldper year
5 yearsFund is under 5 years oldper year
10 yearsFund is under 10 years oldper year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for CSNR
YearReturn barCSNR
2026 YTD+23.4%
2025+26.5%

History from Feb 5, 2025

CSNR in the news

ETF.net Research hasn’t filed on CSNR yet — coverage lands here as it’s written.

CSNR Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
1.78%Last 12 months
Payout per share
$0.67Last 12 months
Last payment
$0.23 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2025–2026

One bar per payment. 6 payments from 2025 to 2026 YTD. Mar 28, 2025 $0.13; Jun 27, 2025 $0.30; Sep 29, 2025 $0.18; Dec 15, 2025 $0.13; Mar 30, 2026 $0.14; Jun 29, 2026 $0.23. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Jun 29, 2026Jun 30, 2026$0.23
Mar 30, 2026Mar 31, 2026$0.14
Dec 15, 2025Dec 16, 2025$0.13
Sep 29, 2025Sep 30, 2025$0.18
Jun 27, 2025Jun 30, 2025$0.30
Mar 28, 2025Mar 31, 2025$0.13

CSNR Risk

How much the fund’s monthly returns vary, scaled to a year.
16.9%
Annualised · 18 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.81
vs 3-month T-bills · 18 months to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−15.3%
19 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.05
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

CSNR Cost

Expense ratio0.50%
  • The middle half of Natural Resources funds
  • Median 0.46%

9 of the 14 Natural Resources funds charge less.

CSNR costs $50.00 a year on $10,000. The median Natural Resources fund costs $46.00.