Cohen & Steers Natural Resources Active ETF

Cohen & Steers Natural Resources Active ETF (CSNR) is an actively managed fund holding 58 energy, metals and mining, and agriculture stocks as of June 30, 2026. Its largest holdings include Exxon Mobil, Bunge and TotalEnergies. It differs from rivals because the manager tries to balance risk evenly across those three sectors. That approach costs 0.50% a year after a fee waiver, more than the 0.41% average of similar funds.

• Over the year to Oct 27, 2026, CSNR returned +28.7%, 5th of 6 among similar funds.
• The deepest fall in its price history was 15.3% (Mar 19, 2025 to Apr 8, 2025), recovered by May 13, 2025.

As of Jun 30, 2026, the fund held 58 securities; the ten largest made up 35.66% of assets.

• Over the three months to Jun 30, 2026, investors added a net $13.7M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: -0.28%, -1.38%, -8.49%.

CSNR does not track an index. Cohen & Steers' managers pick the holdings, pairing top-down analysis (big-picture economic views) with bottom-up research on individual companies. At least 80% of net assets normally go into natural resource companies: firms that own, mine, drill, process, store or transport resources, or make equipment for those industries. They can be any size and based anywhere, including emerging markets.

The distinctive step is sector-level risk parity. Rather than splitting dollars evenly, the managers aim for three sectors to have a similar effect on the fund's ups and downs: metals and mining, energy (traditional and renewable), and agriculture (including fertilizer, chemicals, timber and farm machinery). A steadier sector can therefore get more money than a jumpier one. The prospectus describes no fixed rebalancing schedule and reports portfolio turnover of 50%, meaning trades equal to about half the fund's value.

As of June 30, 2026, the fund owned 58 securities, with 35.7% in the top 10. The largest were Exxon Mobil (5.7%), Bunge Global (4.3%), TotalEnergies (3.8%) and Nutrien (3.6%), with miners Glencore and Franco-Nevada close behind. It is not leveraged and runs no options strategy. It may also own bonds, master limited partnerships (publicly traded partnerships, common in pipelines) and commodity-linked funds, but stocks made up 99.74% on that date.

• CSNR charges 0.5% a year, versus an average of 0.41% for the similar funds below (6th of 6, cheapest first).
• Of that, 0.7% is the management fee; the rest covers other fund expenses.
• The fee includes a 0.2% waiver from the adviser, which may end.
• Using the prospectus's standard example, $10,000 invested would cost about $51 in the first year and $852 over 10 years (assuming a 5% annual return).

It is a concentrated, actively managed sector fund with less than two years of history, so it fits better as a small add-on than as a foundation.

CSNR adds energy, mining and farm-related stocks. These have not always moved in step with the broad market. Over the year to October 27, 2026, its beta was 0.57. Beta measures how much a fund tends to move when the market moves, and 1.0 means it moves with the market. The fund's record is short. It launched on February 4, 2025, so it went through none of the 2008, 2020 or 2022 downturns and has no full calendar year of results. Its deepest drop was 15.3%, from March 19 to April 8, 2025, and it recovered by May 13, 2025. Commodity slumps can push sector funds much lower than that, which matters if you may need to sell shares in a bad year. The trailing yield was 1.77% as of October 27, 2026, paid quarterly, and the fund costs 0.50% a year. Past results don't predict the future, and a plan should look at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.