ETF Evaluator:
Cohen & Steers Pref & Inc Opps Act ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Preferred Stock Over the Last Year
| 9.0% | Global X SuperIncome™ Preferred ETF (SPFF) |
| 7.3% | VanEck Pref Secs ex Fincls ETF (PFXF) |
| 6.5% | Cohen & Steers Pref & Inc Opps Act ETF (CSPF) |
| 6.1% | First Trust Instl Pref Secs and Inc ETF (FPEI) |
| 5.9% | Virtus InfraCap US Preferred Stock ETF (PFFA) |
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ETF Details
Cohen & Steers Pref & Inc Opps Act ETF Overview
Cohen & Steers Pref & Inc Opps Act ETF (CSPF) is an actively managed Taxable Bond Preferred Stock exchange-traded fund (ETF). Cohen & Steers launched the ETF in 2025.
The investment seeks total return (high current income and capital appreciation).
Under normal market conditions, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in a portfolio of preferred and other income securities issued by U.S. and non-U.S. companies, including traditional preferred securities; hybrid preferred securities that have investment and economic characteristics of both preferred stock and debt securities. The fund is non-diversified.
About Cohen & Steers Pref & Inc Opps Act ETF (CSPF)
There are 3 members of the management team with an average tenure of 1.48 years: Elaine Zaharis-Nikas (2025), Jerry Dorost (2025) and Robert Kastoff (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
Cohen & Steers Pref & Inc Opps Act ETF has 312 securities in its portfolio. The top 10 holdings constitute 13.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Cohen & Steers Pref & Inc Opps Act ETF is part of the Hybrid Securities global asset class and is within the Taxable Bond ETF group. Cohen & Steers Pref & Inc Opps Act ETF has 52.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.9% There is 0.0% allocated to foreign stock, and 21.8% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 70.4% (18.2% domestic bond, 52.2% foreign bond and 5.5% convertible bond). Cohen & Steers Pref & Inc Opps Act ETF has 0.6% of the portfolio in cash.
Assets Under Management
The fund has $296 million in total assets, which is below the $1 billion average for the Preferred Stock category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
CSPF Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Cohen & Steers Pref & Inc Opps Act ETF expense ratio is average compared to funds in the Preferred Stock category. Cohen & Steers Pref & Inc Opps Act ETF has an expense ratio of 0.59%, which is 1% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Cohen & Steers Pref & Inc Opps Act ETF has a portfolio turnover rate of 48%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 38% for the Preferred Stock category.
Recently, in the month of July 2026, Cohen & Steers Pref & Inc Opps Act ETF returned -0.4%, which earned it a grade of D, as the Preferred Stock category had an average return of -0.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Cohen & Steers Pref & Inc Opps Act ETF has a trailing yield of 5.37%, which is below the 6.18% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Cohen & Steers Pref & Inc Opps Act ETF Grades
Year to date, the ETF has returned 2.7%, 1.4 percentage points better than the category, which translates into a grade of B. The fund has returned 6.5% over the past year (grade of A).
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CSPF Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| CSPF Return (NAV) | -0.4% | 1.1% | 6.5% | na | na | na |
| CSPF Return (Price) | -0.1% | 1.2% | 6.9% | na | na | na |
| NAV +/- Price Return | -0.272% | -0.175% | -0.355% | na | na | na |
| Preferred Stock Avg | -0.0% | -0.3% | 4.3% | 6.9% | 1.5% | 3.0% |
| CSPF Grade (NAV) | D | A | A | na | na | na |
| +/- Category (NAV) | -0.4% | 1.3% | 2.2% | na | na | na |
| CSPF Tax-Cost Ratio | na | na | 2.2% | na | na | na |
CSPF Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| CSPF Return (NAV) | 2.7% | na | na | na | na | na | na | na | na | na | na |
| CSPF Return (Price) | 3.3% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.228% | na | na | na | na | na | na | na | na | na | na |
| Preferred Stock Avg | 1.3% | 6.2% | 9.3% | 9.7% | -16.0% | 5.8% | 5.6% | 18.4% | -4.7% | 9.0% | 3.2% |
| CSPF Grade (NAV) | B | na | na | na | na | na | na | na | na | na | na |
| +/- Category | 1.4% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 5.4% |
| Total Assets: | $ 297 Mil |
| Share Class Assets: | $ 297 Mil |
| Turnover: | 48.0% |
| Expense Ratio: | 0.59% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 1.5 years | |||
| Average Tenure: 1.5 years | |||
| Managers (Year): Zaharis-Nikas Elaine (2025), Dorost Jerry (2025), Kastoff Robert (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 312 |
| % in Top 10 Holdings: | 13.7% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 52.2% |
Portfolio Allocation |
|
| Domestic Stock: | 0.9% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 21.8% |
| Domestic Bond: | 18.2% |
| Foreign Bond: | 52.2% |
| Convertible Bond: | 5.5% |
| Other: | 0.8% |
| Cash: | 0.6% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Cohen & Steers |
| Phone Number: | 866-737-6370 |
| Website: | www.cohenandsteers.com |
| Inception Date: | February 4, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.59% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.58% |
