COHEN & STEERS REAL ASSETS ACTIVE ETF
SCHEDULE OF INVESTMENTS
August 31, 2026 (Unaudited)
| Shares | Value | |||||||||||
| COMMON STOCK |
58.4 | % | ||||||||||
| AGRIBUSINESS |
5.4 | % | ||||||||||
| AGRICULTURAL PRODUCTS |
0.8 | % | ||||||||||
| Bunge Global SA |
|
1,047 | $ | 121,672 | ||||||||
|
|
|
|||||||||||
| CONSTRUCTION MACHINERY & HEAVY TRUCKS |
0.3 | % | ||||||||||
| Deere & Co. |
|
75 | 49,118 | |||||||||
|
|
|
|||||||||||
| FERTILIZERS & AGRICULTURAL CHEMICALS |
2.4 | % | ||||||||||
| Albemarle Corp. |
|
109 | 14,712 | |||||||||
| CF Industries Holdings, Inc. |
|
573 | 74,507 | |||||||||
| Corteva, Inc. |
|
938 | 79,383 | |||||||||
| Givaudan SA (Switzerland) |
|
8 | 32,481 | |||||||||
| Nutrien Ltd. (Canada) |
|
1,391 | 105,062 | |||||||||
| Yara International ASA (Brazil) |
|
1,131 | 55,196 | |||||||||
|
|
|
|||||||||||
| 361,341 | ||||||||||||
|
|
|
|||||||||||
| PACKAGED FOODS & MEATS |
1.9 | % | ||||||||||
| Bakkafrost P (Faroe Islands) |
|
494 | 24,109 | |||||||||
| JBS NV, Class A |
|
4,064 | 54,620 | |||||||||
| Minerva SA (Brazil) |
|
19,264 | 14,202 | |||||||||
| Mowi ASA (Norway) |
|
3,259 | 71,641 | |||||||||
| Nisshin Seifun Group, Inc. (Japan) |
|
2,500 | 32,042 | |||||||||
| Smithfield Foods, Inc. |
|
3,262 | 71,471 | |||||||||
| Tyson Foods, Inc., Class A |
|
500 | 27,570 | |||||||||
|
|
|
|||||||||||
| 295,655 | ||||||||||||
|
|
|
|||||||||||
| TOTAL AGRIBUSINESS |
|
827,786 | ||||||||||
|
|
|
|||||||||||
| AIRPORTS |
0.5 | % | ||||||||||
| Aena SME SA (Spain)(a) |
|
1,628 | 49,960 | |||||||||
| Flughafen Zurich AG (Switzerland) |
|
76 | 19,631 | |||||||||
| Grupo Aeroportuario del Sureste SAB de CV, Class B (Mexico) |
|
430 | 11,052 | |||||||||
|
|
|
|||||||||||
| 80,643 | ||||||||||||
|
|
|
|||||||||||
| COMMUNICATIONS |
1.9 | % | ||||||||||
| TOWER |
1.9 | % | ||||||||||
| American Tower Corp. |
|
827 | 145,304 | |||||||||
| Cellnex Telecom SA (Spain)(a) |
|
553 | 17,009 | |||||||||
| Crown Castle, Inc. |
|
824 | 62,740 | |||||||||
| SBA Communications Corp., Class A |
|
364 | 69,036 | |||||||||
|
|
|
|||||||||||
| 294,089 | ||||||||||||
|
|
|
|||||||||||
| ELECTRIC |
5.0 | % | ||||||||||
| Alliant Energy Corp. |
|
278 | 18,898 | |||||||||
| Ameren Corp. |
|
110 | 11,661 | |||||||||
| American Electric Power Co., Inc. |
|
298 | 36,484 | |||||||||
| Black Hills Corp. |
|
214 | 15,340 | |||||||||
| Cia Paranaense de Energia—Copel (Brazil) |
|
9,748 | 28,125 | |||||||||
| CMS Energy Corp. |
|
182 | 12,387 | |||||||||
| DTE Energy Co. |
|
189 | 25,634 | |||||||||
| E.ON SE (Germany) |
|
4,096 | 84,687 | |||||||||
| Entergy Corp. |
|
489 | 51,986 | |||||||||
1
| Shares | Value | |||||||||||
| Evergy, Inc. |
|
408 | $ | 33,056 | ||||||||
| Fortis, Inc. (Canada) |
|
864 | 47,746 | |||||||||
| Iberdrola SA (Spain) |
|
1,693 | 39,487 | |||||||||
| Kansai Electric Power Co., Inc. (Japan) |
|
800 | 14,074 | |||||||||
| National Grid PLC (United Kingdom) |
|
10,738 | 170,235 | |||||||||
| OGE Energy Corp. |
|
217 | 9,902 | |||||||||
| PG&E Corp. |
|
4,952 | 65,713 | |||||||||
| PPL Corp. |
|
1,224 | 41,775 | |||||||||
| RWE AG (Germany) |
|
448 | 30,515 | |||||||||
| Tenaga Nasional Bhd. (Malaysia) |
|
5,800 | 20,371 | |||||||||
| Xcel Energy, Inc. |
|
127 | 9,613 | |||||||||
|
|
|
|||||||||||
| 767,689 | ||||||||||||
|
|
|
|||||||||||
| ENERGY |
7.0 | % | ||||||||||
| COAL & CONSUMABLE FUELS |
0.3 | % | ||||||||||
| Cameco Corp. (Canada) |
|
272 | 26,863 | |||||||||
| Denison Mines Corp. (Canada)(b) |
|
4,735 | 16,051 | |||||||||
|
|
|
|||||||||||
| 42,914 | ||||||||||||
|
|
|
|||||||||||
| INTEGRATED OIL & GAS |
4.7 | % | ||||||||||
| Cenovus Energy, Inc. (Canada) |
|
1,198 | 38,483 | |||||||||
| Eni SpA (Italy) |
|
2,398 | 64,914 | |||||||||
| ExxonMobil Holdings Corp. |
|
981 | 157,892 | |||||||||
| Imperial Oil Ltd. (Canada) |
|
278 | 36,534 | |||||||||
| Petroleo Brasileiro SA—Petrobras, ADR (Brazil) |
|
979 | 18,944 | |||||||||
| Repsol SA (Spain) |
|
1,954 | 61,848 | |||||||||
| Shell PLC |
|
4,043 | 183,221 | |||||||||
| Suncor Energy, Inc. (Canada) |
|
1,661 | 111,133 | |||||||||
| TotalEnergies SE (France) |
|
565 | 49,568 | |||||||||
|
|
|
|||||||||||
| 722,537 | ||||||||||||
|
|
|
|||||||||||
| OIL & GAS EQUIPMENT & SERVICES |
0.5 | % | ||||||||||
| SLB Ltd. |
|
828 | 49,763 | |||||||||
| Solaris Energy Infrastructure, Inc. |
|
270 | 13,708 | |||||||||
| Solv Energy, Inc., Class A(b) |
|
475 | 12,122 | |||||||||
|
|
|
|||||||||||
| 75,593 | ||||||||||||
|
|
|
|||||||||||
| OIL & GAS EXPLORATION & PRODUCTION |
0.7 | % | ||||||||||
| ConocoPhillips |
|
464 | 61,475 | |||||||||
| Devon Energy Corp. |
|
637 | 30,901 | |||||||||
| Tamboran Resources Corp. (Australia)(b) |
|
588 | 22,273 | |||||||||
|
|
|
|||||||||||
| 114,649 | ||||||||||||
|
|
|
|||||||||||
| OIL & GAS REFINING & MARKETING |
0.8 | % | ||||||||||
| Phillips 66 |
|
307 | 75,700 | |||||||||
| Reliance Industries Ltd., GDR (India)(a) |
|
499 | 26,347 | |||||||||
| Valero Energy Corp. |
|
41 | 14,716 | |||||||||
|
|
|
|||||||||||
| 116,763 | ||||||||||||
|
|
|
|||||||||||
| TOTAL ENERGY |
|
1,072,456 | ||||||||||
|
|
|
|||||||||||
| ENVIRONMENTAL SERVICES |
0.4 | % | ||||||||||
| Cleanaway Waste Management Ltd. (Australia) |
|
10,428 | 19,429 | |||||||||
2
| Shares | Value | |||||||||||
| Waste Connections, Inc. |
|
284 | $ | 46,968 | ||||||||
|
|
|
|||||||||||
| 66,397 | ||||||||||||
|
|
|
|||||||||||
| GAS DISTRIBUTION |
1.4 | % | ||||||||||
| ENN Energy Holdings Ltd., (H Shares) (China) |
|
4,800 | 30,410 | |||||||||
| Naturgy Energy Group SA (Spain) |
|
335 | 11,464 | |||||||||
| NiSource, Inc. |
|
616 | 25,207 | |||||||||
| Osaka Gas Co. Ltd. (Japan) |
|
800 | 28,830 | |||||||||
| Sempra |
|
1,159 | 94,690 | |||||||||
| Southwest Gas Holdings, Inc. |
|
239 | 21,111 | |||||||||
|
|
|
|||||||||||
| 211,712 | ||||||||||||
|
|
|
|||||||||||
| INDUSTRIALS |
0.4 | % | ||||||||||
| CAPITAL GOODS |
0.4 | % | ||||||||||
| Flowserve Corp. |
|
280 | 22,145 | |||||||||
| JBT Marel Corp. |
|
226 | 26,413 | |||||||||
| MasTec, Inc.(b) |
|
52 | 12,468 | |||||||||
|
|
|
|||||||||||
| 61,026 | ||||||||||||
|
|
|
|||||||||||
| MARINE PORTS |
0.3 | % | ||||||||||
| China Merchants Port Holdings Co. Ltd., (H Shares) (China) |
|
10,000 | 20,514 | |||||||||
| International Container Terminal Services, Inc. (Philippines) |
|
785 | 11,159 | |||||||||
| Koninklijke Vopak NV (Netherlands) |
|
298 | 16,608 | |||||||||
|
|
|
|||||||||||
| 48,281 | ||||||||||||
|
|
|
|||||||||||
| METALS & MINING |
5.2 | % | ||||||||||
| ALUMINUM |
0.2 | % | ||||||||||
| Aluminum Corp. of China Ltd., (H Shares) (China) |
|
22,000 | 24,053 | |||||||||
| Century Aluminum Co.(b) |
|
293 | 13,411 | |||||||||
|
|
|
|||||||||||
| 37,464 | ||||||||||||
|
|
|
|||||||||||
| DIVERSIFIED METALS & MINING |
2.2 | % | ||||||||||
| Anglo American PLC (South Africa) |
|
1,081 | 62,530 | |||||||||
| First Quantum Minerals Ltd. (Zambia)(b) |
|
747 | 24,847 | |||||||||
| Freeport-McMoRan, Inc. |
|
952 | 72,105 | |||||||||
| Glencore PLC (Australia) |
|
11,388 | 91,906 | |||||||||
| Hudbay Minerals, Inc. (Canada) |
|
959 | 27,449 | |||||||||
| Rio Tinto PLC, ADR (Australia) |
|
484 | 49,610 | |||||||||
|
|
|
|||||||||||
| 328,447 | ||||||||||||
|
|
|
|||||||||||
| GOLD |
2.3 | % | ||||||||||
| Barrick Mining Corp. (Canada) |
|
1,462 | 65,541 | |||||||||
| Coeur Mining, Inc. |
|
1,507 | 31,315 | |||||||||
| Eldorado Gold Corp. (Turkey) |
|
731 | 32,743 | |||||||||
| Franco-Nevada Corp. (Canada) |
|
317 | 83,419 | |||||||||
| Newmont Corp. |
|
678 | 85,469 | |||||||||
| Perpetua Resources Corp.(b) |
|
1,069 | 26,661 | |||||||||
| Skeena Resources Ltd. (Canada)(b) |
|
708 | 23,085 | |||||||||
|
|
|
|||||||||||
| 348,233 | ||||||||||||
|
|
|
|||||||||||
| STEEL |
0.5 | % | ||||||||||
| ArcelorMittal SA (Luxembourg) |
|
659 | 49,066 | |||||||||
3
| Shares | Value | |||||||||||
| Nucor Corp. |
|
108 | $ | 26,961 | ||||||||
|
|
|
|||||||||||
| 76,027 | ||||||||||||
|
|
|
|||||||||||
| TOTAL METALS & MINING |
|
790,171 | ||||||||||
|
|
|
|||||||||||
| MIDSTREAM |
6.5 | % | ||||||||||
| APA Group (Australia) |
|
5,224 | 40,767 | |||||||||
| Cheniere Energy, Inc. |
|
140 | 40,837 | |||||||||
| Enbridge, Inc. (Canada) |
|
2,305 | 116,784 | |||||||||
| Keyera Corp. (Canada) |
|
1,089 | 47,231 | |||||||||
| Kinder Morgan, Inc. |
|
1,310 | 42,234 | |||||||||
| Kinetik Holdings, Inc. |
|
673 | 36,901 | |||||||||
| Plains GP Holdings LP, Class A(b) |
|
1,006 | 28,389 | |||||||||
| Targa Resources Corp. |
|
565 | 165,912 | |||||||||
| TC Energy Corp. (Canada) |
|
3,103 | 194,292 | |||||||||
| Venture Global, Inc., Class A |
|
3,016 | 44,154 | |||||||||
| Williams Cos., Inc. |
|
3,105 | 233,030 | |||||||||
|
|
|
|||||||||||
| 990,531 | ||||||||||||
|
|
|
|||||||||||
| RAILWAYS |
0.3 | % | ||||||||||
| Canadian National Railway Co. (Canada) |
|
163 | 20,352 | |||||||||
| CSX Corp. |
|
232 | 11,718 | |||||||||
| Union Pacific Corp. |
|
59 | 17,740 | |||||||||
|
|
|
|||||||||||
| 49,810 | ||||||||||||
|
|
|
|||||||||||
| REAL ESTATE |
22.8 | % | ||||||||||
| DATA CENTERS |
3.3 | % | ||||||||||
| Blackstone Digital Infrastructure Trust, Inc.(b) |
|
548 | 10,993 | |||||||||
| Digital Core REIT Management Pte. Ltd. (Singapore)(b) |
|
45,200 | 22,826 | |||||||||
| Digital Realty Trust, Inc. |
|
1,231 | 228,461 | |||||||||
| Equinix, Inc. |
|
137 | 143,401 | |||||||||
| Iron Mountain, Inc. |
|
570 | 65,750 | |||||||||
| NEXTDC Ltd. (Australia)(b) |
|
2,966 | 29,352 | |||||||||
|
|
|
|||||||||||
| 500,783 | ||||||||||||
|
|
|
|||||||||||
| DIVERSIFIED |
4.2 | % | ||||||||||
| British Land Co. PLC (United Kingdom) |
|
3,736 | 21,575 | |||||||||
| CapitaLand Integrated Commercial Trust (Singapore) |
|
19,300 | 35,985 | |||||||||
| CapitaLand Investment Ltd. (Singapore) |
|
8,900 | 18,555 | |||||||||
| Goodman Group (Australia) |
|
4,891 | 97,191 | |||||||||
| Henderson Land Development Co. Ltd. (Hong Kong) |
|
4,000 | 13,707 | |||||||||
| Ingenia Communities Group (Australia) |
|
13,992 | 36,698 | |||||||||
| Japan Metropolitan Fund Invest (Japan) |
|
58 | 40,990 | |||||||||
| Kasumigaseki Capital Co. Ltd. (Japan) |
|
200 | 9,640 | |||||||||
| Land Securities Group PLC (United Kingdom) |
|
2,703 | 25,143 | |||||||||
| Link REIT (Hong Kong) |
|
6,100 | 30,132 | |||||||||
| Melisron Ltd. (Israel) |
|
94 | 12,827 | |||||||||
| Merlin Properties Socimi SA (Spain) |
|
1,260 | 19,612 | |||||||||
| Mitsubishi Estate Co. Ltd. (Japan) |
|
1,500 | 35,634 | |||||||||
| Mitsui Fudosan Co. Ltd. (Japan) |
|
5,500 | 52,418 | |||||||||
| Stockland (Australia) |
|
16,857 | 52,668 | |||||||||
| Sumitomo Realty & Development Co. Ltd. (Japan) |
|
2,100 | 43,722 | |||||||||
4
| Shares | Value | |||||||||||
| Sun Hung Kai Properties Ltd. (Hong Kong) |
|
3,500 | $ | 51,885 | ||||||||
| Swiss Prime Site AG (Switzerland) |
|
133 | 20,550 | |||||||||
| UOL Group Ltd. (Singapore) |
|
1,900 | 13,558 | |||||||||
| Wihlborgs Fastigheter AB (Sweden) |
|
1,249 | 10,041 | |||||||||
|
|
|
|||||||||||
| 642,531 | ||||||||||||
|
|
|
|||||||||||
| HEALTH CARE |
4.2 | % | ||||||||||
| Aedifica SA (Belgium) |
|
333 | 26,263 | |||||||||
| Chartwell Retirement Residences (Canada) |
|
1,906 | 28,357 | |||||||||
| Healthcare Realty Trust, Inc., Class A |
|
1,929 | 36,728 | |||||||||
| Infracore SA (Switzerland)(b) |
|
124 | 8,023 | |||||||||
| Omega Healthcare Investors, Inc. |
|
2,111 | 96,515 | |||||||||
| PACS Group, Inc.(b) |
|
414 | 17,516 | |||||||||
| Welltower, Inc. |
|
1,802 | 425,705 | |||||||||
|
|
|
|||||||||||
| 639,107 | ||||||||||||
|
|
|
|||||||||||
| HOTEL |
0.5 | % | ||||||||||
| Host Hotels & Resorts, Inc. |
|
3,194 | 70,044 | |||||||||
|
|
|
|||||||||||
| INDUSTRIAL OFFICE |
0.1 | % | ||||||||||
| Sirius Real Estate Ltd. (Germany) |
|
7,798 | 10,355 | |||||||||
|
|
|
|||||||||||
| INDUSTRIALS |
2.4 | % | ||||||||||
| Catena AB (Sweden) |
|
607 | 24,032 | |||||||||
| Dream Industrial Real Estate Investment Trust (Canada) |
|
1,945 | 19,072 | |||||||||
| First Industrial Realty Trust, Inc. |
|
529 | 32,734 | |||||||||
| Nippon Prologis REIT, Inc. (Japan) |
|
49 | 26,747 | |||||||||
| Prologis, Inc. |
|
1,342 | 187,773 | |||||||||
| Tritax Big Box REIT PLC (United Kingdom) |
|
25,072 | 53,473 | |||||||||
| VGP NV (Belgium) |
|
146 | 13,567 | |||||||||
| Warehouses De Pauw CVA (Belgium) |
|
496 | 12,099 | |||||||||
|
|
|
|||||||||||
| 369,497 | ||||||||||||
|
|
|
|||||||||||
| OFFICE |
1.1 | % | ||||||||||
| BXP, Inc. |
|
1,029 | 69,962 | |||||||||
| Hongkong Land Holdings Ltd. (Hong Kong) |
|
3,800 | 30,970 | |||||||||
| Hudson Pacific Properties, Inc.(b) |
|
639 | 8,032 | |||||||||
| Japan Real Estate Investment Corp. (Japan) |
|
35 | 25,787 | |||||||||
| Nippon Building Fund, Inc. (Japan) |
|
28 | 22,137 | |||||||||
| SL Green Realty Corp. |
|
235 | 13,156 | |||||||||
|
|
|
|||||||||||
| 170,044 | ||||||||||||
|
|
|
|||||||||||
| RESIDENTIAL |
2.7 | % | ||||||||||
| Advance Residence Investment Corp. (Japan) |
|
12 | 10,922 | |||||||||
| Centurion Accommodation REIT (Singapore) |
|
18,200 | 16,323 | |||||||||
| Essex Property Trust, Inc. |
|
412 | 116,580 | |||||||||
| Invitation Homes, Inc. |
|
1,928 | 56,182 | |||||||||
| Sun Communities, Inc. |
|
828 | 100,536 | |||||||||
| TAG Immobilien AG (Germany) |
|
1,909 | 28,050 | |||||||||
| UDR, Inc. |
|
1,054 | 38,945 | |||||||||
| Vonovia SE (Germany) |
|
1,051 | 23,500 | |||||||||
| Xior Student Housing NV (Belgium)(c) |
|
345 | 10,780 | |||||||||
|
|
|
|||||||||||
| 401,818 | ||||||||||||
|
|
|
|||||||||||
5
| Shares | Value | |||||||||||
| RETAIL |
2.5 | % | ||||||||||
| Agree Realty Corp. |
|
1,740 | $ | 125,715 | ||||||||
| Essential Properties Realty Trust, Inc. |
|
1,678 | 50,340 | |||||||||
| Kimco Realty Corp. |
|
3,236 | 76,725 | |||||||||
| Klepierre SA (France) |
|
1,135 | 49,386 | |||||||||
| Mercialys SA (France) |
|
2,007 | 25,877 | |||||||||
| Simon Property Group, Inc. |
|
261 | 55,415 | |||||||||
|
|
|
|||||||||||
| 383,458 | ||||||||||||
|
|
|
|||||||||||
| SELF STORAGE |
1.4 | % | ||||||||||
| Big Yellow Group PLC (United Kingdom) |
|
520 | 6,183 | |||||||||
| Extra Space Storage, Inc. |
|
657 | 92,703 | |||||||||
| Public Storage |
|
326 | 100,079 | |||||||||
| Safestore Holdings PLC (United Kingdom) |
|
969 | 7,720 | |||||||||
| Shurgard Self Storage Ltd. (Belgium) |
|
324 | 8,599 | |||||||||
|
|
|
|||||||||||
| 215,284 | ||||||||||||
|
|
|
|||||||||||
| SPECIALTY |
0.4 | % | ||||||||||
| Outfront Media, Inc. |
|
1,643 | 48,271 | |||||||||
| Rayonier, Inc. |
|
811 | 16,626 | |||||||||
|
|
|
|||||||||||
| 64,897 | ||||||||||||
|
|
|
|||||||||||
| TOTAL REAL ESTATE |
|
3,467,818 | ||||||||||
|
|
|
|||||||||||
| TOLL ROADS |
0.9 | % | ||||||||||
| Ferrovial NV |
|
1,012 | 59,245 | |||||||||
| Vinci SA (France) |
|
539 | 70,840 | |||||||||
|
|
|
|||||||||||
| 130,085 | ||||||||||||
|
|
|
|||||||||||
| TRANSPORT LOGISTICS |
0.2 | % | ||||||||||
| GEK Terna SA (Greece) |
|
526 | 28,496 | |||||||||
|
|
|
|||||||||||
| UTILITIES |
0.1 | % | ||||||||||
| Fervo Energy Co., Class A(b) |
|
769 | 11,827 | |||||||||
|
|
|
|||||||||||
| WATER |
0.1 | % | ||||||||||
| American Water Works Co., Inc. |
|
94 | 12,994 | |||||||||
|
|
|
|||||||||||
| TOTAL COMMON STOCK |
|
8,911,811 | ||||||||||
|
|
|
|||||||||||
| EXCHANGE-TRADED FUNDS |
41.0 | % | ||||||||||
| COMMODITIES |
25.2 | % | ||||||||||
| abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF |
|
19,833 | 765,554 | |||||||||
| iShares Bloomberg Roll Select Commodity Strategy ETF |
|
36,385 | 2,312,630 | |||||||||
| State Street SPDR Bloomberg Enhanced Roll Yield Commodity Strategy No. K-1 ETF |
|
19,847 | 765,499 | |||||||||
|
|
|
|||||||||||
| 3,843,683 | ||||||||||||
|
|
|
|||||||||||
| GOLD |
4.5 | % | ||||||||||
| SPDR Gold MiniShares Trust(b) |
|
7,778 | 685,320 | |||||||||
|
|
|
|||||||||||
6
| Shares | Value | |||||||||||
| PREFERRED INCOME |
11.3 | % | ||||||||||
| Cohen & Steers Short Duration Preferred & Income Active ETF(d) |
|
68,376 | $ | 1,714,733 | ||||||||
|
|
|
|||||||||||
| TOTAL EXCHANGE-TRADED FUNDS |
|
6,243,736 | ||||||||||
|
|
|
|||||||||||
| SHORT-TERM INVESTMENTS |
0.5 | % | ||||||||||
| MONEY MARKET FUNDS |
||||||||||||
| State Street Institutional Treasury Plus Money Market Fund, Premier Class, 3.61%(e) |
|
4,081 | 4,081 | |||||||||
| State Street Institutional U.S. Government Money Market Fund, Premier Class, 3.62%(e) |
|
78,411 | 78,411 | |||||||||
|
|
|
|||||||||||
| TOTAL SHORT-TERM INVESTMENTS |
|
82,492 | ||||||||||
|
|
|
|||||||||||
| TOTAL INVESTMENTS IN SECURITIES |
99.9 | % | 15,238,039 | |||||||||
| OTHER ASSETS IN EXCESS OF LIABILITIES |
0.1 | 8,951 | ||||||||||
|
|
|
|
|
|||||||||
| NET ASSETS |
100.0 | % | $ | 15,246,990 | ||||||||
|
|
|
|
|
|||||||||
Glossary of Portfolio Abbreviations
| ADR | American Depositary Receipt | |
| ETF | Exchange-Traded Fund | |
| GDR | Global Depositary Receipt | |
| REIT | Real Estate Investment Trust | |
| SPDR | Standard & Poor’s Depositary Receipt |
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments. For a description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to the Notes to Schedule of Investments.
The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above.
| Quoted Prices in Active Markets for Identical Investments (Level 1) |
Other Significant Observable Inputs (Level 2) |
Significant Unobservable Inputs (Level 3) |
Total | |||||||||||||
| Common Stock |
$ | 8,911,811 | $ | — | $ | — | $ | 8,911,811 | ||||||||
| Exchange-Traded Funds |
6,243,736 | — | — | 6,243,736 | ||||||||||||
| Short-Term Investments |
— | 82,492 | — | 82,492 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total Investments in Securities |
$ | 15,155,547 | $ | 82,492 | $ | — | $ | 15,238,039 | ||||||||
|
|
|
|
|
|
|
|
|
|||||||||
7
Note: Percentages indicated are based on the net assets of the Fund.
| (a) | Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may only be resold to qualified institutional buyers. Aggregate holdings amounted to $93,316 which represents 0.6% of the net assets of the Fund, of which 0.0% are illiquid. |
| (b) | Non–income producing security. |
| (c) | Securities exempt from registration under Regulation S of the Securities Act of 1933. These securities are subject to resale restrictions. Aggregate holdings amounted to $10,780 which represents 0.1% of the net assets of the Fund, of which 0.0% are illiquid. |
| (d) | Affiliated issuer which is under the control of Cohen & Steers Capital Management, Inc., the Fund’s investment advisor. |
| (e) | Rate quoted represents the annualized seven–day yield. |
| Country Summary |
% of Net Assets |
|||
| United States |
75.0 | |||
| Canada |
6.6 | |||
| Australia |
2.9 | |||
| Japan |
2.2 | |||
| United Kingdom |
1.9 | |||
| Spain |
1.3 | |||
| France |
1.3 | |||
| Germany |
1.2 | |||
| Hong Kong |
0.8 | |||
| Brazil |
0.8 | |||
| Singapore |
0.7 | |||
| Switzerland |
0.5 | |||
| China |
0.5 | |||
| Norway |
0.5 | |||
| Belgium |
0.5 | |||
| Other (includes short-term investments) |
3.3 | |||
|
|
|
|||
| 100.0 | ||||
|
|
|
|||
8
COHEN & STEERS REAL ASSETS ACTIVE ETF
NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)
Note 1. Portfolio Valuation
Investments in securities that are listed on the New York Stock Exchange (NYSE) are valued, except as indicated below, at the last sale price reflected at the close of the NYSE on the business day as of which such value is being determined. If there has been no sale on such day, the securities are valued at the mean of the closing bid and ask prices on such day or, if no ask price is available, at the bid price.
Securities not listed on the NYSE but listed on other domestic or foreign securities exchanges are valued in a similar manner. Securities traded on more than one securities exchange are valued at the last sale price reflected at the close of the exchange representing the principal market for such securities on the business day as of which such value is being determined.
Readily marketable securities traded in the over-the-counter (OTC) market, including listed securities whose primary market is believed by Cohen & Steers Capital Management, Inc. (the investment advisor) to be OTC, are valued on the basis of prices provided by a third-party pricing service or third-party broker-dealers when such prices are believed by the investment advisor, pursuant to delegation by the Board of Trustees, to reflect the fair value of such securities.
Fixed-income securities are valued on the basis of prices provided by a third-party pricing service or third-party broker-dealers when such prices are believed by the investment advisor, pursuant to delegation by the Board of Trustees, to reflect the fair value of such securities. The pricing services or broker-dealers use multiple valuation techniques to determine fair value. In instances where sufficient market activity exists, the pricing services or broker-dealers may utilize a market-based approach through which quotes from market makers are used to determine fair value. In instances where sufficient market activity may not exist or is limited, the pricing services or broker-dealers also utilize proprietary valuation models which may consider market transactions in comparable securities and the various relationships between securities in determining fair value and/or characteristics such as benchmark yield curves, option-adjusted spreads, credit spreads, estimated default rates, coupon rates, anticipated timing of principal repayments, underlying collateral, and other unique security features which are then used to calculate the fair values.
Short-term debt securities with a maturity date of 60 days or less are valued at amortized cost, which approximates fair value. Investments in open-end mutual funds are valued at net asset value (NAV).
The Board of Trustees has designated the investment advisor as the Fund’s “Valuation Designee” under Rule 2a-5 under the Investment Company Act of 1940. As Valuation Designee, the investment advisor is authorized to make fair valuation determinations, subject to the oversight of the Board of Trustees. The investment advisor has established a valuation committee (Valuation Committee) to administer, implement and oversee the fair valuation process according to the policies and procedures approved annually by the Board of Trustees. Among other things, these procedures allow the Fund to utilize independent pricing services, quotations from securities and financial instrument dealers and other market sources to determine fair value.
Securities for which market prices are unavailable, or securities for which the investment advisor determines that the bid and/or ask price or a counterparty valuation does not reflect market value, will be valued at fair value, as determined in good faith by the Valuation Committee, pursuant to procedures approved by the Fund’s Board of Trustees. Circumstances in which market prices may be unavailable include, but are not limited to, when trading in a security is suspended, the exchange on which the security is traded is subject to an unscheduled close or disruption or material events occur after the close of the exchange on which the security is principally traded. In these circumstances, the Fund determines fair value in a manner that fairly reflects the market value of the security on the valuation date based on consideration of any information or factors it deems appropriate. These may include, but are not limited to, recent transactions in comparable securities, information relating to the specific security and developments in the markets.
The Fund’s use of fair value pricing may cause the NAV of Fund shares to differ from the NAV that would be calculated using market quotations. Fair value pricing involves subjective judgments and it is possible that the fair value determined for a security may be materially different than the value that could be realized upon the sale of that security.
Fair value is defined as the price that the Fund would expect to receive upon the sale of an investment or expect to pay to transfer a liability in an orderly transaction with an independent buyer in the principal market or, in the absence of a principal market, the most advantageous market for the investment or liability. The hierarchy of inputs that are used in determining the fair value of the Fund’s investments is summarized below.
| • | Level 1 — quoted prices in active markets for identical investments |
| • | Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, credit risk, etc.) |
| • | Level 3 — significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments) |
The inputs or methodology used for valuing investments may or may not be an indication of the risk associated with those investments. Changes in valuation techniques may result in transfers into or out of an assigned level within the disclosure hierarchy.
The levels associated with valuing the Fund’s investments as of August 31, 2026 are disclosed in the Fund’s Schedule of Investments.
Note 2. Investments in Affiliates
The following chart lists the Fund’s investments that are deemed to be affiliates, as well as transactions that occurred in such companies during the period ended August 31, 2026:
| Exchange-Traded Funds – Preferred Income – Cohen & Steers Short Duration Preferred & Income Active ETF |
||||
| Beginning Value as of August 11, 2026 (commencement of investment operations) |
$ | — | ||
| Purchases at Cost |
1,723,338 | |||
| Proceeds from Sales |
— | |||
| Net Realized Gain (Loss) |
— | |||
| Change in Unrealized Appreciation (Depreciation) |
(8,605 | ) | ||
|
|
|
|||
| Ending Value as of August 31, 2026 |
$ | 1,714,733 | ||
|
|
|
|||
| Shares as of August 31, 2026 |
68,376 | |||
|
|
|
|||
| Dividend Income |
$ | 8,205 | ||
|
|
|
|||