CSSD vs PFFD: Grades, Fees and Holdings Compared

Cohen & Steers Short Duration Preferred and Income Active ETF

CSSDCNYSE Arca

Global X U.S. Preferred ETF

PFFDANYSE Arca

Overlap

No data

Expense ratio

PFFD −0.26pt a year

CSSD0.49%PFFD0.23%

Avg volume · 30D

PFFD 68.6×the volume

CSSD15.4KPFFD1.06M

CSSD vs PFFD Performance

Dec 31, 2025 – Oct 30, 2026

+2.5%CSSD−5.8%PFFD

Expense ratio: CSSD 0.49%; PFFD 0.23%, better
Fund size: CSSD $63M; PFFD $1.83B
1Y total return: CSSD No data; PFFD −5.7%
Yield (12M): CSSD No data; PFFD 7.07%
Holdings: CSSD 187; PFFD 238
Avg volume (30D): CSSD 15.4K sh; PFFD 1.06M sh, better
NAV per share: CSSD $24.49; PFFD $17.00
52W range

ETF.net Grade

Pillar letters and Scores for CSSD, PFFD, with each pillar’s weight
Pillar	CSSD	PFFD
Cost30% weight	C53	A100Higher
Mission25% weight	C50	A75Higher
Risk15% weight	A89Higher	D25
Tradability15% weight	D28	A83Higher
Holdings10% weight	B68Higher	C48
Durability5% weight	D33	A72Higher

Rank among Preferred Securities funds

How we build Categories ›

Same Category. CSSD and PFFD are both graded against the same 31 Preferred Securities funds, so their Grades compare head to head.

Preferred Securities⁠

Category · 31 funds

See all 31 ›

PFFD ranks 1st and CSSD 15th of 31 funds in the Preferred Securities Category.

Rank 1APFFDGlobal X U.S. Preferred ETFScore 73
Rank 2APFFiShares Preferred and Income Securities ETFScore 71
Rank 13BPFLDAAM Low Duration Preferred and Income Securities ETFScore 56
Rank 15CCSSDCohen & Steers Short Duration Preferred and Income Active ETFScore 54
Rank 16CNPFINuveen Preferred and IncomeScore 53

Our read on each fund

ETF.net Research

CSSDCCohen & Steers Short Duration Preferred and Income Active ETF

PFFDAGlobal X U.S. Preferred ETF

In short

CSSD A 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.

PFFD Preferred stock is a corner where fund fees usually run rich. PFFD turned up in 2017 charging 0.23% for a broad basket of U.S. preferreds, and it has paid monthly ever since. Cheap, plain-vanilla exposure to an income niche.

Stated mandate

CSSD The Fund seeks total return through high current income and capital appreciation, with capital preservation as a secondary objective.

PFFD PFFD seeks to track the performance of the ICE BofA Diversified Core U.S. Preferred Securities Index before fees and expenses. It provides broad exposure to U.S. preferred stocks.

Why people hold it

CSSD 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.

PFFD Charges 0.23% a year, which Global X notes is less than half the average fee among competing preferred funds.globalxetfs.com
Holds roughly 220 U.S. preferreds tracking the ICE BofA Diversified Core index. Benchmark-like exposure, not a manager's shortlist.globalxetfs.com
Pays distributions monthly, and has done so every year since its 2017 launch.globalxetfs.com
A multi-billion-dollar fund that trades actively, so entering and exiting is rarely the hard part.

Worth knowing

CSSD 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.

PFFD Preferreds come mostly from banks and insurers, and the index has been concentrated in banking, so the ride tracks financial-sector health.globalxetfs.com
These securities behave more like long bonds than stocks: interest rate moves push prices around, as the fund's risk disclosures describe.globalxetfs.com
Monthly does not mean fixed. The payout size floats with what the portfolio collects.globalxetfs.com

Full CSSD profile⁠

Full PFFD profile⁠

CSSD vs PFFD Holdings

As of Oct 13, 2026

How CSSD and PFFD differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Countryby domicile40.8%
Asset classFixed Income100%

Sector

No Sector split for CSSD.

Country, concentration and asset class

Country by domicile

Country weights in CSSD and PFFD, widest gap first
Country	More in CSSDMore in PFFD	CSSD	PFFD
United States	PFFD +58.1 points	38.8%	96.9%
Canada	CSSD +19.4 points	20.4%	1.0%
United Kingdom	CSSD +11.4 points	11.4%	0.0%
France	CSSD +9.4 points	9.4%	0.0%
Netherlands	CSSD +5.2 points	5.2%	0.0%
Switzerland	CSSD +4.3 points	4.3%	0.0%
Spain	CSSD +3.5 points	3.5%	0.0%
Sweden	CSSD +2.0 points	2.0%	0.0%
Other countries (6)	CSSD +3.0 points	5.1%	2.1%

Outside the US: CSSD 98% developed, 2% emerging.

Concentration

Weight in the 10 largest Holdings

CSSD19.6%
PFFD25.1%

Securities held

CSSD184
PFFD238

Asset class

CSSD: Fixed Income
PFFD: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. CSSD holds 184 securities, PFFD 238.

All 179 CSSD holdings⁠All 237 PFFD holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

CSSD vs PFFD Cost

Overpaying CSSD vs PFFD

$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%
$4,759

Amount$10,000

Years30 years

Cost over time

CSSD 0.49%
PFFD 0.23%
Overpaying

Year by year

Year	CSSD	PFFD	Overpaying
10	$883	$419	$464
20	$3,394	$1,630	$1,764
30	$9,792	$4,759	$5,033

Expense ratio

0.49%CSSD
0.23%PFFD, cheaper

PFFD0.23%CSSD0.49%

0.23%2.11%

Middle half of Preferred Securities funds
Median 0.50%

PFFD cheapest of 31 funds

CSSD 14th cheapest of 31 funds

CSSD vs PFFD Dividends

Last 12 months to Oct 30, 2026

Yield (12M): CSSD No data; PFFD 7.07%
Payout (12M): CSSD No data; PFFD $1.20
Last payment: CSSD $0.13; PFFD $0.10
Ex-dividend: CSSD Oct 29, 2026; PFFD Oct 1, 2026
Paid on: CSSD Oct 30, 2026; PFFD Oct 6, 2026
Frequency: CSSD Monthly; PFFD Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

CSSDMonthly · 11 paymentsAll CSSD payments⁠

PFFDMonthly · 45 paymentsAll PFFD payments⁠

CSSD vs PFFD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: CSSD No dataPFFD 9.1%
Return per unit of riskSharpe ratio, 3 years: CSSD No dataPFFD 0.10
Worst fallMax drawdown, 5 years: CSSD No dataPFFD −24.4%
Market sensitivityBeta, 5 years: CSSD 0.09PFFD 1.07; Market = 1

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