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Launched · SEC filings

Cohen & Steers Short Duration Preferred and Income Active ETF

CSSDNYSE ArcaCohen & SteersC

$24.57+0.04 (+0.14%)

As of Nov 2, 2026, 3:59 PM ET

C54/ 100

Rank 15 of 31 in Preferred Securities

C54/100Rank 15 of 31inPreferred Securities
Intraday session: up, 79 prints from 24.53 to 24.57. Range 24.57 to 24.61. Use the arrow keys to read each point.24.5424.5824.6010 AM12 PM2 PM4 PM
Expense ratio
0.49%*
Fund size
$63M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
187
Avg volume · 30D
15.4K sh
52W range
low $24.45high $25.84
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Jul 31, 2027. Without it: 0.65%.

The ETF.net CSSD Grade

C

Score 54 out of 100

Category
Preferred Securities⁠
Rank
15 of 31
Six-pillar profile for CSSD. Scores out of 100: Cost 53, Risk 89, Mission 50, Tradability 28, Holdings 68, Durability 33. Strongest: Risk (89). Weakest: Tradability (28). Leans toward Risk.

Score 54 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.
    C53 out of 100
    Rank 14 of 31

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    C50 out of 100
    Rank 22 of 26

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A89 out of 100
    Rank 1 of 31

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D28 out of 100
    Rank 23 of 31

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B68 out of 100
    Rank 10 of 29

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D33 out of 100
    Rank 26 of 31

Our read on CSSD

ETF.net Research

In short

CA 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.

Stated mandate

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 Performance

Launched Dec 9, 2025

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$10,248
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,169
Dec 31, 2025 to Oct 30, 2026. CSSD $10,248. SPY $11,169. Use the arrow keys to read each point.$10,000$11,000Dec 2025Jun 2026Oct 2026

Dec 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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 CSSD. Periods over one year show the average yearly return.
PeriodCSSD
Year to date+2.5%
1 month+0.6%
3 months−0.5%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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 CSSD
YearReturn barCSSD
2026 YTD+2.5%
2025+0.9%

Since listing, Dec 9, 2025

CSSD in the news

CSSD Dividends

Last payment
$0.13 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 11 payments from 2025 to 2026 YTD. Dec 15, 2025 $0.13; Jan 29, 2026 $0.08; Feb 26, 2026 $0.10; Mar 30, 2026 $0.12; Apr 29, 2026 $0.12; May 28, 2026 $0.12; Jun 29, 2026 $0.13; Jul 30, 2026 $0.12; Aug 28, 2026 $0.12; Sep 29, 2026 $0.13; Oct 29, 2026 $0.13. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Oct 29, 2026Oct 30, 2026$0.13
Sep 29, 2026Sep 30, 2026$0.13
Aug 28, 2026Aug 31, 2026$0.12
Jul 30, 2026Jul 31, 2026$0.12
Jun 29, 2026Jun 30, 2026$0.13
May 28, 2026May 29, 2026$0.12
Apr 29, 2026Apr 30, 2026$0.12
Mar 30, 2026Mar 31, 2026$0.12
Feb 26, 2026Feb 27, 2026$0.10
Jan 29, 2026Jan 30, 2026$0.08
Dec 15, 2025Dec 16, 2025$0.13

CSSD Risk

Risk pillarA89 out of 100Rank 1 of 31 in Preferred Securities
How much the fund’s monthly returns vary, scaled to a year.
Launched Dec 2025; fills in after 12 months
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.
Launched Dec 2025; fills in after 12 months
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.
Launched Dec 2025; fills in after 12 months
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.
0.09
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.

FMP measures it over up to five years of monthly returns.

CSSD Cost

Compare CSSD and PFFD

Overpaying vs PFFD, cheapest in Preferred Securities

$5,033

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • CSSD 0.49%

    $9,792

  • PFFD 0.23% Cheapest

    $4,759

$10,000
30 years

Cost over time

  • CSSD 0.49%
  • PFFD 0.23%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530CSSD $9,792PFFD $4,759

Year by year

YearCSSDPFFDOverpaying
10$883$419$464
20$3,394$1,630$1,764
30$9,792$4,759$5,033
How the 0.49% is worked out

Full fee 0.65%− waiver 0.16%= you pay 0.49%

The waiver ends Jul 31, 2027. After that the fee is 0.65% unless Cohen & Steers renews it. Source: prospectus, Jul 2026.

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