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CRSOX Credit Suisse Commodity Return Strat I

  • Fund
  • CRSOX
  • Price as of: Aug 08, 2016
  • $4.87
  • + $0.03
  • + 0.62%
  • Category
  • Commodity Producers Equities

CRSOX - Profile

Vitals

  • YTD Return 8.0%
  • 3 Yr Annualized Return -12.4%
  • 5 Yr Annualized Return -12.4%
  • Net Assets $3.97 B
  • Holdings in Top 10 40.4%

52 WEEK LOW AND HIGH

$4.87
$4.20
$5.22

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.78%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 122.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

STANDARD (TAXABLE)

$250,000

IRA

$500

Investment Themes

CATEGORY

Commodity Producers Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Commodities Broad Basket

Distributions

  • YTD Total Return 8.0%
  • 3 Yr Annualized Total Return -12.4%
  • 5 Yr Annualized Total Return -12.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.48%
DIVIDENDS
  • Dividend Yield N/A
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Credit Suisse Commodity Return Strategy Fund
  • Fund Family Name Credit Suisse (New York, NY)
  • Inception Date Dec 30, 2004
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Christopher Burton

Fund Description

The fund is designed to achieve positive total return relative to the performance of the Bloomberg Commodity Index Total Return. The advisor intends to invest its assets in a combination of commodity linked-derivative instruments and fixed income securities. It invests in a portfolio of fixed income securities normally having an average duration of one year or less, and emphasizes investment-grade fixed income securities. The fund may invest up to 25% of its total assets in the Credit Suisse Cayman Commodity Fund I, Ltd., a wholly-owned subsidiary of it organized under the laws of the Cayman Islands. It is non-diversified.

CRSOX - Performance

Return Ranking - Trailing

Period CRSOX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 8.0% -8.0% 235.9% 45.87% 3
1 Yr -7.4% -25.6% 110.5% 53.64% 3
3 Yr -12.4% * -25.6% 8.8% 53.13% 3
5 Yr -12.4% * -18.4% 8.8% 70.24% 4
10 Yr -6.4% * -13.9% 1.2% 59.26% 3

* Annualized


Return Ranking - Calendar

Period CRSOX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -25.0% -35.0% 169.7% 58.65% 4
2014 N/A N/A N/A N/A N/A
2013 N/A N/A N/A N/A N/A
2012 N/A N/A N/A N/A N/A
2011 N/A N/A N/A N/A N/A

Total Return Ranking - Trailing

Period CRSOX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 8.0% -8.0% 235.9% 47.17% 3
1 Yr -7.4% -27.2% 110.5% 46.36% 3
3 Yr -12.4% * -26.3% 8.8% 50.00% 3
5 Yr -12.4% * -18.6% 8.8% 65.48% 4
10 Yr -6.4% * -13.9% 1.2% 59.26% 3

* Annualized


Total Return Ranking - Calendar

Period CRSOX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -25.0% -35.0% 169.7% 58.65% 4
2014 N/A N/A N/A N/A N/A
2013 N/A N/A N/A N/A N/A
2012 N/A N/A N/A N/A N/A
2011 N/A N/A N/A N/A N/A

NAV & Total Return History

CRSOX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

CRSOX Category Low Category High CRSOX % Rank Quintile
Net Assets 3.97 B 1.34 M 3.97 B 0.91% 1
Number of Holdings 62 1 454 12.73% 2
Net Assets in Top 10 1.67 B 0 1.67 B 0.91% 1
Weighting of Top 10 40.4% 0.0% 90.8% 15.45% 2

Top 10 Holdings

  1. CREDIT SUISSE CAYMAN COMMODITY 18.40%
  2. FHLMC 1.3% 3.02%
  3. FNMA FRN 3.02%
  4. FNMA 2% 2.99%
  5. US Treasury Note 0.41% 2.71%
  6. FFCB FRN 2.19%
  7. FNMA 1.16% 2.14%
  8. FHLBA FRN 2.01%
  9. FHLBA FRN 1.98%
  10. FFCB FRN 1.89%

Asset Allocation

Weighting Category Low Category High CRSOX % Rank Quintile
Bonds
67.93% 0.00% 72.06% 2.73% 1
Other
18.40% 0.00% 62.93% 12.73% 2
Cash
13.67% 0.67% 100.00% 20.00% 4
Convertible Bonds
0.00% 0.00% 0.00% 0.91% 4
Preferred Stocks
0.00% 0.00% 0.75% 2.73% 4
Stocks
0.00% 0.00% 99.33% 14.55% 4

Bond Sector Breakdown

Weighting Category Low Category High CRSOX % Rank Quintile
Government
67.93% 0.00% 70.09% 1.82% 1
Cash & Equivalents
13.67% 0.00% 100.00% 20.91% 4
Securitized
0.00% 0.00% 21.69% 9.09% 4
Corporate
0.00% 0.00% 100.00% 11.82% 4
Municipal
0.00% 0.00% 1.48% 3.64% 4
Derivative
0.00% -0.18% 1.52% 3.64% 4

Bond Geographic Breakdown

Weighting Category Low Category High CRSOX % Rank Quintile
US
67.93% -0.31% 70.09% 1.82% 1
Non US
0.00% 0.00% 36.39% 6.36% 4

CRSOX - Expenses

Operational Fees

CRSOX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.78% 0.40% 8.32% 72.73% 1
Management Fee 0.50% 0.30% 1.50% 20.00% 1
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.09% 0.01% 1.05% 12.90% 3

Sales Fees

CRSOX Fees (% of AUM) Category Low Category High CRSOX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

CRSOX Fees (% of AUM) Category Low Category High CRSOX Rank Quintile
Max Redemption Fee 2.00% 0.75% 2.00% 3.33% 5

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

CRSOX Fees (% of AUM) Category Low Category High CRSOX Rank Quintile
Turnover 122.00% 0.00% 784.00% 10.38% 4

CRSOX - Distributions

Dividend Yield Analysis

CRSOX Category Low Category High CRSOX % Rank Quintile
Dividend Yield N/A 0.00% 0.96% N/A N/A

Dividend Distribution Analysis

CRSOX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

CRSOX Category Low Category High CRSOX % Rank Quintile
Net Income Ratio -0.48% -2.74% 2.11% 29.09% 2

Capital Gain Distribution Analysis

CRSOX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

CRSOX - Managers

Christopher Burton

Lead Manager

Start Date

Oct 27, 2005

Tenure

10.77

Tenure Rank

1.0%

Christopher Burton, CFA, FRM, is a Managing Director within Credit Suisse Asset Management, based in New York. He currently acts as Portfolio Manager and Trader for the Commodities Team. In this role, Mr. Burton is responsible for analyzing and implementing the team's hedging strategies, indexing strategies, and excess return strategies. Prior to joining Credit Suisse in 2005, Mr. Burton served as an Analyst and Derivatives Strategist with Putnam Investments, where he developed the team's analytical tools and managed their options-based yield enhancement strategies, as well as exposure management strategies. Mr. Burton earned a B.S. in Economics with concentrations in Finance and Accounting from the University of Pennsylvania's Wharton School of Business. Additionally, Mr. Burton is a CFA Charterholder and has achieved Financial Risk Manager® Certification through the Global Association of Risk Professionals (GARP).


Nelson Louie

Manager

Start Date

Aug 17, 2010

Tenure

5.96

Tenure Rank

7.4%

Nelson Louie is Global Head of the Commodities Group within Credit Suisse Asset Management. Mr. Louie re-joined Credit Suisse Asset Management in August 2010. From May 2009 to August 2010 he was an Executive Director in the Commodity Index Products area at UBS Securities, LLC. From June 2007 to May 2009 he was a Managing Director at AIG Financial Products responsible for North American Marketing of commodities-based solutions. From April 1993 to June 2007 he held various positions within Credit Suisse Asset Management, LLC. He was a senior portfolio manager overseeing a team that was responsible for enhanced commodity and equity index strategies, option based hedging solutions and option arbitrage products. He was a team member of the commodity funds from their inception through June 2007. Mr. Louie holds a Bachelor of Arts degree in Economics from Union College.


Tenure Analysis

Category Low

0.0

Category High

12.1

Category Average

4.68

Category Mode

1.6