Cohen & Steers Preferred and Income Opportunities Active ETF·Financial Services

Cohen & Steers Preferred & Income Opptys Actv ETF targets institutional-grade preferreds, emphasizing total return with active management. CSPF holds a 43% overweight in banking preferreds and a significant 34% allocation to CoCo bonds, introducing sector-specific risk. The ETF's 0.59% expense ratio is justified by strong first-year performance and narrow drawdowns during market stress.

The Income Quintet - BDCs, Midstream Energy, REITs, Preferred Stocks, and Covered Call ETFs - offers a balanced approach to maximizing yield and income safety. I prioritize quality over raw yield, focusing on internally managed BDCs, disciplined midstream operators, select REITs, and actively managed preferred ETFs for sustainable income. BDCs with internal management, like MAIN, command significant NAV premiums, reflecting superior alignment and lower capital costs compared to externally managed peers.
Allocating to this portfolio offers the potential for high tax-efficient income and diversification through active management of a portfolio with a focus on investment-grade, institutional preferred securities.
Financial Services
Asset Management
2025-02-05
0.25
Market Peers





