Cohen & Steers Preferred and Income Opportunities Active ETF (CSPF) is an actively managed exchange-traded fund that seeks total return through a portfolio of preferred securities and income-producing debt instruments perceived to be undervalued relative to their credit quality and other investment factors. The fund invests across securities of any credit quality and maturity issued by firms globally, with allocations including non-U.S. bonds (approximately 40.58%), U.S. bonds (18.79%), cash equivalents (10.73%), and corporate bonds (50.07% of sectors); top holdings feature issuers such as Truist Financial Corp. 6.669%, Citigroup Inc. 6.95%, and others like Intesa Sanpaolo and Deutsche Bank junior subordinated securities. Issued by Cohen & Steers ETF Trust and managed by a team including Elaine Zaharis-Nikas, Jerry Dorost, and Robert Kastoff since inception, CSPF maintains a net expense ratio of 0.59% and targets income-oriented investors in the preferred stock and broad credit fixed income segments.
Launched on February 4, 2025, and domiciled in the United States, the ETF operates primarily in U.S. markets with availability for sale in the United States and exposure to global issuers. Cohen & Steers, the fund sponsor headquartered in New York, specializes in real assets and alternative income strategies, including preferred securities; CSPF represents one of its actively managed ETF offerings without noted subsidiaries or parent relationships specific to the fund. As of late 2025, total net assets stand at approximately $67.72 million, with recent assets under management figures around $41-66 million reflecting growth since launch.
In December 2025, Cohen & Steers expanded its active ETF suite alongside CSPF by launching the Infrastructure Opportunities Active ETF and Short Duration Preferred Securities Active ETF, signaling a strategic push into complementary income and sector-specific strategies. No major acquisitions, funding rounds, partnerships, or operational reorganizations specific to CSPF have been reported in the last 1-2 years, consistent with its recent inception and focus on portfolio management amid stable institutional ownership from entities like Exchange Traded Concepts LLC and Shorepoint Capital Partners LLC. The fund continues to emphasize tax-efficient income generation without significant strategic shifts noted to date.