Cohen & Steers Preferred and Income Opportunities Active ETF
$25.50−0.15 (−0.60%)
- Expense ratio
- 0.59%
- Fund size
- $18M
- 1Y return
- +3.6%
- Yield · Last 12 months
- 5.40%
- Holdings
- 218
- Volume · 30D
- 0.1M sh
- NAV per share
- $25.58
- 52W range
The ETF.net CSPF Grade
Score 47 of 100 sits in the C 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 28Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.BScore 57Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.AScore 71Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 43Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 66Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.DScore 28Category rank
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
- 218
- 17%
- Cash & Cash Equivalents
Geography
- United States87.56%
- France4.48%
- Germany3.57%
- Austria1.17%
- Spain1.01%
- Bermuda0.58%
- United Kingdom0.56%
- Italy0.49%
- 0.57%
CSPF Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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.
| Period | CSPF |
|---|---|
| Year to date | +2.7% |
| 1 month | −0.8% |
| 3 months | −0.4% |
| 1 year | +3.6% |
| 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 | +2.7% | |
| 2025 | +8.0% |
CSPF in the news
ETF.net Research hasn’t filed on CSPF yet — coverage lands here as it’s written.
CSPF Dividends
- 5.40%
- $1.39
- $0.12 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 28, 2026 | Aug 31, 2026 | $0.12 |
| Jul 30, 2026 | Jul 31, 2026 | $0.12 |
| Jun 29, 2026 | Jun 30, 2026 | $0.14 |
| May 28, 2026 | May 29, 2026 | $0.11 |
| Apr 29, 2026 | Apr 30, 2026 | $0.11 |
| Mar 30, 2026 | Mar 31, 2026 | $0.13 |
| Feb 26, 2026 | Feb 27, 2026 | $0.11 |
| Jan 29, 2026 | Jan 30, 2026 | $0.12 |
| Dec 15, 2025 | Dec 16, 2025 | $0.12 |
| Nov 26, 2025 | Nov 28, 2025 | $0.11 |
| Oct 30, 2025 | Oct 31, 2025 | $0.11 |
| Sep 29, 2025 | Sep 30, 2025 | $0.11 |
CSPF Risk
- 3.2%
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.
- 0.96
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.
- 0.19
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
- The middle half of Preferred Securities funds
- Median 0.50%
21 of the 31 Preferred Securities funds charge less.