- What does CSSD invest in?
- The Cohen & Steers Short Duration Preferred and Income Active ETF (CSSD) is an actively managed investment vehicle designed to achieve substantial current income alongside potential for capital appreciation. Its primary focus is on short-duration, income-generating preferred and other debt-like instruments originating from global corporations. This encompasses a range of security types, such as conventional, hybrid, and variable-rate preferred shares, as well as convertible bonds and contingent capital notes. CSSD intends to allocate a minimum of 50% of its net assets to investment-grade holdings, with the flexibility to commit up to 50% to high-yield instruments. Portfolio construction involves a thorough assessment of an issuer's underlying financial health, particularly its credit profile, in conjunction with an analysis of broader market dynamics. Environmental, Social, and Governance (ESG) considerations may also inform investment selections. Regarding sector and geographic allocation, the ETF has the potential to dedicate 25% or more of its net assets to the financials sector, can commit up to 15% to offerings from emerging market entities, and aims to maintain an overall exposure of at least 40% to non-U.S. securities. Currency exposure for non-USD denominated assets is typically hedged back to the U.S. Dollar.
- What is the expense ratio of CSSD?
- Cohen & Steers Short Duration Preferred and Income Active ETF (CSSD) charges an expense ratio of 0.49%. This is the annual fee deducted from fund assets to cover management and operations.
- What is CSSD's dividend yield?
- CSSD's trailing-twelve-month yield is 3.60%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of CSSD?
- Effective duration measures CSSD's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. CSSD's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of CSSD?
- CSSD's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of CSSD?
- Yield to maturity (YTM) is the total return you'd earn from CSSD if every bond in the portfolio is held to maturity at the current price. CSSD's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
