Deep Dive
Financials drop 2.4% after the Fed's first hike since 2023 and a Bank of America fee warning
Cohen & Steers Preferred and Income Opportunities Active ETF
$25.27+0.11 (+0.44%)
- 0.59%
- $18M
- +2.6%
- 5.58%
- 0.1M sh
- $25.07
- low $24.96high $26.81
The ETF.net CSPF Grade
C
Score 50 out of 100
- 20 of 31
Score 50 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D32 out of 100Rank 21 of 31Mission
Whether the fund did what it promised, tested against its stated mandate.B61 out of 100Rank 14 of 26Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A71 out of 100Rank 5 of 31Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D37 out of 100Rank 20 of 31Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A85 out of 100Rank 1 of 29Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D28 out of 100Rank 27 of 31
Our read on CSPF
CAn active preferred-securities fund from a specialist shop, free to roam US and overseas issues instead of tracking an index, and cutting a distribution check every month.
The Fund seeks total return through high current income and capital appreciation.
Why people hold it
- No index to follow. The managers pick roughly 220 preferred and income securities across US and non-US issuers, chasing total return from both current income and price gains.
- Pays monthly, so the income shows up on a paycheck-like rhythm rather than in quarterly lumps.
- Despite arriving in 2025, it already grades in the upper half of the preferred ETF group we cover, helped by how smoothly it trades and what sits inside the portfolio.
Worth knowing
- Active management costs money: 0.59% a year, above the middle of the preferred ETF pack and well above index-based rivals like EVPF and PFFV.
- Launched February 2025, so there is only a short record to judge the stock-picking against. Our risk read rests on roughly a year of data.
- Preferreds live between bonds and stocks: long-dated, rate-sensitive, and reliant on the issuer staying healthy. Expect bond-like swings, not cash-like calm.
CSPF Holdings
- Bonds
- 335
- 14%
- Cash & Cash Equivalents
Geography
- United States86.56%
- France5.51%
- Germany3.75%
- Austria1.66%
- Spain0.67%
- Bermuda0.53%
- United Kingdom0.53%
- Canada0.31%
- 0.47%
CSPF Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
CSPF$10,259
Returns run to the Oct 12, 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.
| Period | CSPF |
|---|---|
| Year to date | +1.2% |
| 1 month | −1.2% |
| 3 months | −2.1% |
| 1 year | +2.6% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | CSPF |
|---|---|---|
| 2026 YTD | +1.2% | |
| 2025 | +8.0% |
CSPF in the news
CSPF Dividends
- 5.58%
- $1.41
- $0.13 per share
- Monthly
Distribution history
CSPF Risk
- 3.9%
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.
- 0.34
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.
- −3.1%
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.
- 0.21
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
CSPF Cost
0.59%
CSPF0.59%
- The middle half of Preferred Securities funds
- Median 0.50%
20 of the 31 Preferred Securities funds charge less.
Other funds in Preferred Securities
- CFPEIFirst Trust Institutional Preferred Securities & Income ETFExpense ratio 0.85%1 year return +1.9%
- CFPFDFidelity Preferred Securities & Income ETFExpense ratio 0.59%1 year return −1.9%
- CEPRFInnovator S&P Inv. Grade Preferred ETFExpense ratio 0.47%1 year return −8.2%
- CPQDIPrincipal Spectrum Preferred and Income ETFExpense ratio 0.60%1 year return +1.2%
- CPRFDPIMCO Preferred And Capital Securities Active Exchange-Traded FundExpense ratio 0.88%1 year return +0.3%