CSNR vs IGE

CSNRDCohen & Steers Natural Resources Active ETF

IGEAiShares North American Natural Resources ETF

In short

CSNR A stock-picker's route into commodities: roughly 60 global natural resource companies, chosen by an active manager using top-down and bottom-up work rather than index weight, for 0.50% a year.

IGE A 2001-vintage way to own the stuff the economy digs up and drills for: US and Canadian energy, metals, miners and timber in one market-cap-weighted basket, priced below the natural-resources average.

Stated mandate

CSNR The Fund seeks total return by investing in securities of natural resource companies. Its adviser actively selects investments using top-down and bottom-up analysis.

IGE The fund seeks to follow an index representing North American equities in the natural-resources sector.

Why people hold it

• CSNR Costs 0.50% a year, which undercuts the typical actively managed US equity ETF fee. Cheap is not usually how active resource funds introduce themselves.
• Roughly 60 names, picked globally. The manager can lean into an oil major or a copper miner instead of taking whatever weight an index hands out.
• Owns shares of resource companies, not futures, inside a plain 1940 Act ETF wrapper. Ordinary brokerage tax reporting, with cash paid out quarterly.
• Scores in the upper half of its active-equity peer group on our review, helped by the fee and the clarity of its mandate.

• IGE Launched in October 2001, one of the longest-running natural-resources ETFs on the tape, with several full commodity cycles behind it.investing.com
• 0.37% a year sits under the natural-resources cohort median of 0.41%, and well under GUNR's 0.47%.
• About 150 names spanning oil and gas, metals and mining, and paper and forest products, so it reaches past the usual oil-major shortlist.investing.com
• Plain index tracking from iShares, distributions paid quarterly, and one of the stronger builds in its natural-resources peer group.ishares.com

Worth knowing

• CSNR Launched in 2025 with a modest asset base and light trading. Spreads can widen, so the price you see is not always the price you get.
• One slice of the market. Energy, metals and agriculture stocks move with commodity cycles, and those cycles can be brutal on the way down.
• No index to fall back on. Returns hinge on the adviser's calls, and the track record is too short to judge those calls yet.

• IGE North America only. GNR and GUNR cast a global net, which picks up large overseas miners this one leaves on the table.
• Market-cap weighting hands the largest energy names the heaviest slots, and the basket rides the commodity cycle in both directions.
• Mid-sized and moderately traded rather than a mega-liquid giant, so spreads deserve a look on larger orders.

Full CSNR profile⁠

Full IGE profile⁠