CSEN vs ENFR

CSENDCohen & Steers Future of Energy Active ETF

ENFRBAlerian Energy Infrastructure ETF

In short

CSEN Cohen & Steers took its 2013-vintage energy mutual fund and rewrapped it as an active ETF in 2026. Roughly 40 names spanning oil and gas, renewables and the infrastructure in between, run by a real assets specialist.

ENFR Midstream, not drillers. ENFR owns the pipelines, storage tanks and processing plants that move North American energy, tracking the Alerian Midstream Energy Select Index in a compact portfolio of roughly two dozen names.

Stated mandate

CSEN The Fund seeks attractive total return through a combination of current income and price appreciation.

ENFR ENFR seeks to track, before fees and expenses, the price and yield performance of the Alerian Midstream Energy Select Index. It also seeks total return through income and capital appreciation.

Why people hold it

• CSEN Refuses to pick a side: the mandate covers hydrocarbon producers, renewables and the companies enabling both, rather than a traditional-only or clean-only sleeve.cohenandsteers.comcohenandsteers.com 2
• Actively managed and concentrated at roughly 40 holdings, so position sizes reflect the manager's conviction instead of whichever energy giant happens to be biggest.
• The stated objective is total return from current income plus price appreciation, and the fund distributes once or twice a year rather than monthly.
• Not a startup strategy in a new suit: the portfolio ran as a Cohen & Steers mutual fund from 2013 before the 2026 ETF conversion.cohenandsteers.com

• ENFR Charges 0.35%, under the 0.45% median for broad energy ETFs and below iShares' IYE at 0.38%.
• Different engine than most energy funds: infrastructure operators rather than the explorers and refiners whose fortunes swing with the barrel price.alpsfunds.com
• Income is written into the mandate: the fund seeks total return through income and capital appreciation, and distributions come on a quarterly schedule.
• Trading since 2013 and rated among the stronger names in our broad energy peer group.

Worth knowing

• CSEN Active management carries an active price tag: 0.80% a year, against a 0.46% typical energy ETF and 0.08% for index staples like XLE and FENY.
• Trades lightly next to the category's index heavyweights, so bid-ask spreads matter more and limit orders earn their keep.
• With about 40 stock-picked names, returns can diverge meaningfully from a broad energy benchmark in either direction.cohenandsteers.com

• ENFR Around 26 holdings in one slice of one sector. Single-name news and midstream-specific swings land harder here than in a diversified energy fund.
• The broad energy giants (XLE, FENY, VDE) all sit under 0.10%. Specialist indexing costs more.
• Moderately traded rather than a volume heavyweight, which can mean wider bid-ask spreads than the largest energy ETFs.

Full CSEN profile⁠

Full ENFR profile⁠