Cohen & Steers Short Duration Preferred and Income Active ETF (CSSD)

The Cohen & Steers Short Duration Preferred and Income Active ETF is an actively managed fund from Cohen & Steers, the New York-based investment manager known for its focus on real assets and alternative income.

The fund invests in preferred securities and other income instruments, such as hybrid and subordinated debt and contingent capital securities, with an emphasis on keeping overall interest-rate sensitivity low. It does this by favoring securities with features such as near-term call dates, fixed-to-floating or floating coupons, or shorter maturities.

Issuers are frequently banks, insurers, utilities and other companies in the U.S. and abroad. The managers select holdings actively, seeking high current income with less price sensitivity to rising rates than a traditional preferred portfolio.