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CSSD

GradeCNew York Stock Exchange Arca

Cohen & Steers Short Duration Preferred and Income Active ETF

Specialty Bonds · CohenSteers · Inception 2025-12-09 · SEC filings

$24.81−0.10 (−0.40%)

As of Sep 23, 2026, 2:10 PM EDT

History starts Dec 9, 2025.History starts Dec 9, 2025.
Intraday session: down, 9 prints from 24.91 to 24.81. Range 24.80 to 24.91. Use the arrow keys to read each point.$24.82$24.85$24.88$24.9010 AM12 PM2 PM4 PM
Expense ratio
0.49%
Fund size
$61M
1Y return
—
Yield · Last 12 months
Data unavailable
Holdings
159
Volume · 30D
0M sh
NAV per share
$24.89
52W range
low $24.69high $25.84

The ETF.net CSSD Grade

C

50/ 100

Rank 19 of 31 in Preferred Securities⁠

Confidence High

Six-pillar profile for CSSD. Scores out of 100: Cost 55, Risk 86, Mission 43, Tradability 23, Holdings 50, Durability 33. Strongest: Risk (86). Weakest: Tradability (23). Leans toward Risk.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 50 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.
    BScore 55
    Category rank13/31 · top 42%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    CScore 43
    Category rank23/26 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 86
    Category rank1/29 · top 3%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 23
    Category rank25/31 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 50
    Category rank20/29 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 33
    Category rank25/31 · bottom quartile

Graded as of Sep 22, 2026

Our read on CSSD

ETF.net Research

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

  1. 01Actively managed rather than index-bound, targeting short-duration investment-grade institutional preferreds that the fund flags as a potentially tax-efficient income source.
  2. 02Short duration is the whole point: less rate sensitivity than long-dated preferred portfolios, with capital preservation written in as a secondary objective.
  3. 03The 0.49% expense ratio sits right at the preferred-fund median, and well under FPE's 0.83% for active preferred exposure.

Worth knowing

  1. 01Launched in December 2025, so there is little history to judge the strategy on inside an ETF wrapper.
  2. 02Small asset base and light trading for now, which can mean wider spreads than the category's heavyweights.
  3. 03Index-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

As of Sep 21, 2026, 3:57 AM
Asset class
Bonds
Holdings
159
Top-10 weight
22%
Largest holding
Cash & Cash Equivalents5.8%

Geography

  • United States94.99%
  • France2.58%
  • Spain0.96%
  • Germany0.50%
  • Austria0.49%
  • Canada0.24%
  • Bermuda0.24%
The fund’s holdings, weight-ordered — page 1 of 12.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Cash & Cash Equivalents5.77%0$4M67
002—Toronto-Dominion Bank 7.250% Flt 07/31/842.25%1,400,000$1M18
003—Royal Bank Of Canada 6.750% Flt 08/24/851.98%1,250,000$1M14
004—Bnp Paribas 8.000% Flt Perp Sr:144A1.98%1,200,000$1M3
005—Societe Generale 8.125% Flt Perp Sr:144A1.86%1,150,000$1M2
006—Bank Of Montreal 7.700% Flt 05/26/841.80%1,100,000$1M17
007—Truist Financial Corp 4.8% Perp1.77%1,120,000$1M8
008—Citigroup Inc 6.625% Flt Perp1.70%1,073,000$1M24
009—Banco Santander Sa 9.625% Flt Perp1.69%1,000,000$1M3
010—Swedbank Ab 7.750% Flt Perp1.64%1,000,000$1M6
011—Hsbc Holdings Plc 7.050% Flt Perp1.60%1,000,000$1M2
012—Ubs Group Ag 6.625% Flt Perp 144a1.56%1,000,000$990K6
013—Citigroup Inc 6.875% Flt Perp Sr:GG1.55%982,000$986K13
014—Ing Groep Nv 8.000% Flt Perp1.49%900,000$944K2
015—Standard Chartered Plc 7.875% Flt Perp Sr:144A1.31%800,000$833K3

Showing 1–15 of 180 holdings

CSSD Performance

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

CSSD$10,293
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,430
Dec 31, 2025 to Sep 22, 2026. CSSD $10,293. SPY $11,430. Use the arrow keys to read each point.$9,119$10,381$11,642Dec 2025May 2026Sep 2026

Dec 31, 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 CSSD. Periods over one year show the average yearly return.
PeriodCSSD
Year to date+2.9%
1 month−0.5%
3 months+0.1%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per 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 CSSD
YearReturn barCSSD
2026 YTD+2.9%
2025+0.9%

Since listing, Dec 9, 2025

CSSD in the news

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

CSSD 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.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.12 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. 9 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. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
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

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.

CSSD Cost

Expense ratio0.49%
  • The middle half of Preferred Securities funds
  • Median 0.50%

12 of the 31 Preferred Securities funds charge less.

CSSD costs $49.00 a year on $10,000. The median Preferred Securities fund costs $50.00.