Deep Dive
Financials drop 2.4% after the Fed's first hike since 2023 and a Bank of America fee warning
Cohen & Steers Short Duration Preferred and Income Active ETF
$24.65+0.07 (+0.28%)
- 0.49%
- $63M
- 0M sh
- $24.53
- low $24.45high $25.84
The ETF.net CSSD Grade
B
Score 56 out of 100
- 13 of 31
Score 56 of 100 falls in the B 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.B55 out of 100Rank 13 of 31Mission
Whether the fund did what it promised, tested against its stated mandate.C52 out of 100Rank 21 of 26Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A86 out of 100Rank 1 of 31Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D33 out of 100Rank 21 of 31Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A72 out of 100Rank 10 of 29Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D33 out of 100Rank 26 of 31
Our read on CSSD
BA preferred-securities specialist brings its short-duration playbook to an ETF: actively run, aimed at investment-grade institutional preferreds, and built to carry less interest-rate risk than the standard preferred fund. New in 2025 and still small.
The Fund seeks total return through high current income and capital appreciation, with capital preservation as a secondary objective.
Why people hold it
- Actively managed rather than index-bound, targeting short-duration investment-grade institutional preferreds that the fund flags as a potentially tax-efficient income source.
- Short duration is the whole point: less rate sensitivity than long-dated preferred portfolios, with capital preservation written in as a secondary objective.
- The 0.49% expense ratio sits right at the preferred-fund median, and well under FPE's 0.83% for active preferred exposure.
Worth knowing
- Launched in December 2025, so there is little history to judge the strategy on inside an ETF wrapper.
- Small asset base and light trading for now, which can mean wider spreads than the category's heavyweights.
- Index-based rivals undercut it on price: EVPF at 0.20% and PFFV at 0.25%. Active management is the reason for the gap.
CSSD Holdings
- Bonds
- 183
- 19%
- Cash & Cash Equivalents
Geography
- United States94.77%
- France2.90%
- Spain0.48%
- Germany0.47%
- Austria0.47%
- Italy0.44%
- Canada0.24%
- Bermuda0.23%
CSSD 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.Not enough history yet.
CSSD$10,214
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 | CSSD |
|---|---|
| Year to date | +2.1% |
| 1 month | −0.7% |
| 3 months | −1.0% |
| 1 year | — |
| 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 | CSSD |
|---|---|---|
| 2026 YTD | +2.1% | |
| 2025 | +0.9% |
CSSD in the news
CSSD Dividends
- $0.13 per share
- Monthly
Distribution data unavailable.
Distribution history
CSSD Risk
- —
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.
- —
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.
- —
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.
- 0.09
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
CSSD Cost
0.49%
CSSD0.49%
- The middle half of Preferred Securities funds
- Median 0.50%
12 of the 31 Preferred Securities funds charge less.
Other funds in Preferred Securities
- BGPRFGoldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETFExpense ratio 0.45%1 year return −0.8%
- BPREFPrincipal Spectrum Preferred Securities Active ETFExpense ratio 0.55%1 year return +1.4%
- BHBRDInvesco U.S. Hybrid Bond ETFExpense ratio 0.40%1 year return —
- BPGFInvesco Financial Preferred ETFExpense ratio 0.56%1 year return −7.7%
- BPFLDAAM Low Duration Preferred and Income Securities ETFExpense ratio 0.45%1 year return +3.2%