Cohen & Steers Natural Resources Active ETF (CSNR)

Overview

The Cohen & Steers Natural Resources Active ETF (NYSE Arca: HCR) is an actively managed ETF that invests primarily in companies involved in the natural resources sector. It seeks to achieve long-term capital appreciation by investing across the natural resource value chain, including energy, agriculture, metals, and timber.

Reputation and Reliability

Cohen & Steers is a well-regarded investment management firm specializing in real assets and alternative income strategies. It has a long track record of managing assets in the natural resources sector.

Management Expertise

The management team has extensive experience in analyzing and investing in natural resource companies, leveraging in-depth sector knowledge and fundamental research.

Goal

To achieve long-term capital appreciation.

Investment Approach and Strategy

Strategy: The ETF employs an active management strategy, selecting investments based on fundamental research and analysis of individual companies within the natural resources sector. It does not track a specific index.

Composition The ETF primarily holds stocks of companies involved in the natural resources sector. It may also invest in other asset classes to a lesser extent, such as bonds and cash.

Market Share: HCR's market share within the actively managed natural resources ETF landscape is moderate, reflecting its specific investment approach and active management style.

Total Net Assets (AUM): 119488963

Key Competitors

• iShares MSCI Global Agriculture Producers ETF (VEGI)
• Invesco DB Agriculture Fund (DBA)
• Energy Select Sector SPDR Fund (XLE)

Competitive Landscape

The natural resources ETF market is competitive, with a mix of passive and actively managed funds. HCR differentiates itself through active management and a focus on the entire natural resource value chain. Compared to passive ETFs like XLE, HCR offers the potential for outperformance through stock selection but also carries higher fees and the risk of underperformance.

Historical Performance: Historical performance data requires accessing specific financial data services to update the latest information. A time series of performance would be needed to properly evaluate this.

Benchmark Comparison: HCR's performance should be compared to a relevant natural resources index to assess its effectiveness in generating alpha.

Expense Ratio: 0.92

Average Trading Volume

HCR's average trading volume is moderate, suggesting adequate liquidity for most investors.

Bid-Ask Spread

The bid-ask spread for HCR is generally competitive, reflecting the ETF's liquidity and trading activity.

Market Environment Factors

Economic growth, commodity prices, geopolitical events, and regulatory changes all impact the natural resources sector and, consequently, HCR's performance.

Growth Trajectory

HCR's growth depends on its ability to attract investors seeking exposure to the natural resources sector through active management. Changes in its strategy and holdings are driven by the investment team's outlook on the sector.

Competitive Edge

HCR's competitive edge lies in its active management approach, backed by Cohen & Steers' expertise in the natural resources sector. The ETF's investment team conducts in-depth fundamental research to identify undervalued companies across the entire value chain. This active stock selection strategy aims to deliver alpha, or outperformance, compared to passive index funds. By focusing on a broad range of natural resources, HCR provides diversification within the sector.

Volatility

HCR's volatility is expected to be high because of the underlying price fluctuations of companies in the natural resources sector.

Market Risk

HCR is subject to market risk, including commodity price volatility, sector-specific risks (e.g., regulatory changes affecting energy companies), and macroeconomic factors influencing demand for natural resources.

Ideal Investor Profile

The ideal investor for HCR is someone seeking long-term capital appreciation, has a high-risk tolerance, and is knowledgeable about the natural resources sector.

Market Risk

HCR is best suited for long-term investors who are looking for active management in the natural resources sector to get greater gains.

The Cohen & Steers Natural Resources Active ETF (HCR) is an actively managed fund offering exposure to companies across the natural resource value chain. Managed by a reputable firm with expertise in real assets, HCR aims for long-term capital appreciation through active stock selection. However, it carries higher fees and risks compared to passive ETFs. This ETF suits the investors with experience in the natural resources sector.

Data Sources:

• Cohen & Steers
• ETF.com
• Bloomberg
• Morningstar

Disclaimers:

The information provided is for informational purposes only and should not be considered investment advice. Investing in ETFs involves risk, including the potential loss of principal. Past performance is not indicative of future results. Market share data are estimates and may vary.