Continue to site >
Trending ETFs

Name

As of 09/29/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$6.41

$2.1 B

8.59%

$0.55

1.80%

Vitals

YTD Return

9.3%

1 yr return

10.7%

3 Yr Avg Return

5.1%

5 Yr Avg Return

2.9%

Net Assets

$2.1 B

Holdings in Top 10

14.3%

52 WEEK LOW AND HIGH

$6.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.80%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 54.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$500


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 09/29/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$6.41

$2.1 B

8.59%

$0.55

1.80%

CHICX - Profile

Distributions

  • YTD Total Return 9.3%
  • 3 Yr Annualized Total Return 5.1%
  • 5 Yr Annualized Total Return 2.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.66%
DIVIDENDS
  • Dividend Yield 8.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Credit Suisse Floating Rate High Income Fund
  • Fund Family Name
    Credit Suisse
  • Inception Date
    May 15, 2001
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Wing Chan

Fund Description

Under normal market conditions, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in high yield, fixed income securities (commonly referred to as "junk bonds"). The high yield, fixed income securities in which the fund will invest for purposes of this 80% policy will consist entirely of senior secured floating rate loans ("Senior Loans") issued by non-investment grade companies. Senior Loans typically are secured by specific collateral of the issuer and hold the most senior position in the issuer's capital structure. The interest rate on Senior Loans is adjusted periodically to a recognized base rate, such as the Secured Overnight Financing Rate ("SOFR") or the London Interbank Offered Rate ("LIBOR"). While these characteristics may reduce interest rate risk and mitigate losses in the event of borrower default, the Senior Loans in which the fund invests have below investment grade credit ratings and thereby are considered speculative because of the significant credit risk of their issuers. The fund may invest up to 30% of its total assets in securities of non-U.S. issuers. The fund seeks to moderate risk by investing in a diversified portfolio of issuers across a variety of industry sectors. Investments are selected for the fund based on an analysis of individual issuers and the general business conditions affecting them. The fund generally will not invest in instruments rated at the time of investment in the lowest rating categories (Ca or below by Moody's Investors Service ("Moody's") and CC or below by S&P Global Ratings, a division of S&P Global Inc. ("S&P")) but may continue to hold securities which are subsequently downgraded.

Read More

CHICX - Performance

Return Ranking - Trailing

Period CHICX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.3% -4.6% 8.3% 30.53%
1 Yr 10.7% -12.9% 1.7% 55.44%
3 Yr 5.1%* -6.8% 58.6% 38.20%
5 Yr 2.9%* -6.9% 29.6% 52.21%
10 Yr 3.0%* -3.3% 13.8% 55.68%

* Annualized

Return Ranking - Calendar

Period CHICX Return Category Return Low Category Return High Rank in Category (%)
2022 -6.7% -22.9% 5.1% 34.40%
2021 1.5% -12.2% 11.1% 26.18%
2020 -2.1% -11.3% 289.8% 33.21%
2019 1.5% -8.1% 5.3% 80.31%
2018 -4.3% -12.2% -0.2% 22.63%

Total Return Ranking - Trailing

Period CHICX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.3% -4.6% 11.4% 30.53%
1 Yr 10.7% -12.7% 10.0% 55.44%
3 Yr 5.1%* -1.3% 65.5% 38.20%
5 Yr 2.9%* -5.4% 35.5% 52.21%
10 Yr 3.0%* 1.4% 18.7% 55.68%

* Annualized

Total Return Ranking - Calendar

Period CHICX Return Category Return Low Category Return High Rank in Category (%)
2022 -2.8% -22.9% 5.1% 67.02%
2021 5.4% -9.6% 11.7% 40.00%
2020 1.9% -8.8% 306.9% 47.33%
2019 5.9% -3.6% 10.2% 81.10%
2018 -1.0% -5.2% 4.5% 70.78%

NAV & Total Return History


CHICX - Holdings

Concentration Analysis

CHICX Category Low Category High CHICX % Rank
Net Assets 2.1 B 4.45 M 181 B 23.49%
Number of Holdings 470 12 1447 21.40%
Net Assets in Top 10 300 M -191 M 2.54 B 22.81%
Weighting of Top 10 14.28% 4.6% 89.7% 52.82%

Top 10 Holdings

  1. State Street Institutional US Government Money Market Fund 6.33%
  2. HUB International Limited 2023 Term Loan B 0.97%
  3. Hyland Software Inc 2018 1st Lien Term Loan 0.96%
  4. State Street Navigator Securities Lending Government Money Market Portfolio 0.91%
  5. Proampac PG Borrower LLC 2020 Term Loan 0.89%
  6. Ceridian HCM Holding Inc 2018 Term Loan B 0.88%
  7. Open Text Corporation 2022 Term Loan B 0.88%
  8. William Morris Endeavor Entertainment, LLC 2018 1st Lien Term Loan 0.85%
  9. Finastra USA Inc USD 1st Lien Term Loan 0.82%
  10. Project Alpha Intermediate Holding Inc 2021 Term Loan B 0.80%

Asset Allocation

Weighting Return Low Return High CHICX % Rank
Bonds
94.79% 28.71% 161.82% 38.95%
Cash
7.44% -61.90% 53.95% 18.95%
Stocks
1.02% 0.00% 26.82% 53.68%
Convertible Bonds
0.04% 0.00% 5.51% 41.13%
Preferred Stocks
0.00% -3.99% 1.54% 45.26%
Other
-0.39% -54.21% 26.58% 96.14%

Stock Sector Breakdown

Weighting Return Low Return High CHICX % Rank
Consumer Cyclical
77.90% 0.00% 97.66% 5.98%
Consumer Defense
22.10% 0.00% 100.00% 5.13%
Utilities
0.00% 0.00% 100.00% 29.06%
Technology
0.00% 0.00% 100.00% 27.35%
Real Estate
0.00% 0.00% 48.61% 14.53%
Industrials
0.00% 0.00% 100.00% 48.72%
Healthcare
0.00% 0.00% 100.00% 14.53%
Financial Services
0.00% 0.00% 89.61% 14.53%
Energy
0.00% 0.00% 100.00% 61.54%
Communication Services
0.00% 0.00% 100.00% 63.25%
Basic Materials
0.00% 0.00% 1.36% 12.82%

Stock Geographic Breakdown

Weighting Return Low Return High CHICX % Rank
US
1.01% -0.01% 26.78% 53.68%
Non US
0.01% 0.00% 2.40% 15.79%

Bond Sector Breakdown

Weighting Return Low Return High CHICX % Rank
Corporate
91.85% 0.00% 141.23% 39.72%
Cash & Equivalents
7.44% 0.00% 54.60% 17.19%
Securitized
2.70% 0.00% 91.68% 15.25%
Municipal
0.00% 0.00% 0.47% 15.60%
Government
0.00% 0.00% 3.18% 33.69%
Derivative
-0.50% 0.00% 7.03% 97.89%

Bond Geographic Breakdown

Weighting Return Low Return High CHICX % Rank
US
89.78% 14.05% 128.23% 60.35%
Non US
5.01% 0.00% 84.20% 34.04%

CHICX - Expenses

Operational Fees

CHICX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.80% 0.01% 15.84% 28.22%
Management Fee 0.60% 0.00% 1.89% 38.36%
12b-1 Fee 1.00% 0.00% 1.00% 78.17%
Administrative Fee N/A 0.02% 0.27% 29.63%

Sales Fees

CHICX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load 1.00% 1.00% 3.00% 14.29%

Trading Fees

CHICX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 16.28%

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.

CHICX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 54.00% 4.00% 215.00% 42.96%

CHICX - Distributions

Dividend Yield Analysis

CHICX Category Low Category High CHICX % Rank
Dividend Yield 8.59% 0.00% 9.32% 65.87%

Dividend Distribution Analysis

CHICX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

CHICX Category Low Category High CHICX % Rank
Net Income Ratio 2.66% 1.77% 10.22% 88.93%

Capital Gain Distribution Analysis

CHICX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

CHICX - Fund Manager Analysis

Managers

Wing Chan


Start Date

Tenure

Tenure Rank

Oct 27, 2005

16.6

16.6%

Wing Chan is a Managing Director of Credit Suisse in the Asset Management business, based in New York. Ms. Chan is a Portfolio Manager of the Credit Investments Group. Ms. Chan is also a member of the CIG Credit Committee. Prior to joining Credit Suisse in 2005, Ms. Chan served as an Associate Portfolio Manager in Invesco's High Yield group. Previously, Ms. Chan worked at JP Morgan Fleming Asset Management where she shared responsibility for the management of Structured and Long Duration products. Ms. Chan earned a double B.S. in Economics and Finance from the Massachusetts Institute of Technology. Ms. Chan is a CFA Charterholder, and holds Series 3, 7 and 63 licenses.

Louis Farano


Start Date

Tenure

Tenure Rank

Dec 31, 2006

15.42

15.4%

Mr. Farano is a Portfolio Manager for The Credit Suisse Credit Investments Group ("CIG") with responsibility for senior loans. Prior to joining CIG in 2006, Mr. Farano served as a Vice President in the High Yield department at SG America Securities Inc. Mr. Farano holds a B.B.A. in Accounting from James Madison University and an M.B.A. in Finance from UCLA's Anderson School.

Thomas Flannery


Start Date

Tenure

Tenure Rank

Jun 03, 2010

12.0

12.0%

Mr. Flannery is a Portfolio Manager for Credit Suisse Credit Investments Group ("CIG") , with responsibility for trading, directing investment decisions, and originating and analyzing investment opportunities. Mr. Flannery is also a member of the CIG Credit Committee and is currently a high yield bond portfolio manager and trader for CIG. Mr. Flannery joined Credit Suisse in November 2000 through the merger with DLJ. Previous to CIG, Mr. Flannery served as an Associate at First Dominion Capital, LLC, which he joined in 1998. Mr. Flannery began his career with Houlihan Lokey Howard & Zukin, Inc., where he served as an Analyst in the Financial Restructuring Group, working on a variety of debtor and creditor representation assignments. Mr. Flannery graduated with a Bachelor of Science degree in Finance from Georgetown University.

John Popp


Start Date

Tenure

Tenure Rank

Jun 03, 2011

11.0

11.0%

John G. Popp is a Managing Director of Credit Suisse and Group Head and Chief Investment Officer of the Credit Investments Group ("CIG"), with primary responsibility for making investment decisions and monitoring processes for CIG's global investment strategies. Mr. Popp is also a member of the CIG Credit Committee. Mr. Popp also serves as the Chief Executive Officer and President of the Credit Suisse Funds, as well as serving as Director, Chief Executive Officer and President for the Credit Suisse Asset Management Income Fund, Inc. and Trustee, Chief Executive Officer and President of the Credit Suisse High Yield Bond Fund. Previous to Credit Suisse, Mr. Popp was a Founding Partner and Head of Asset Management for First Dominion Capital, LLC. From 1992 through 1997, Mr. Popp was a Managing Director of Indosuez Capital and also served as President of Indosuez Capital Asset Advisors, Inc., and President of 1211 Investors, Inc. In 1989, Mr. Popp joined the Corporate Finance Department of Kidder Peabody & Co., Inc. as Senior Vice President, previously serving as Vice President in the Mergers and Acquisitions department of Drexel Burnham Lambert. Mr. Popp is a member of the Brookings Institute's Foreign Policy Leadership Committee and a member of the Juilliard School Council. Mr. Popp graduated with a Bachelor of Arts degree in History from Pomona College and an M.B.A. in Finance and Marketing from the Wharton Graduate Division of the University of Pennsylvania.

David Mechlin


Start Date

Tenure

Tenure Rank

Feb 28, 2019

3.25

3.3%

Mr. Mechlin is a Portfolio Manager for Credit Suisse Asset Management, LLC with responsibility for senior loans and high yield bonds. He joined CIG as a credit analyst in 2006. Mr. Mechlin holds a B.S. in Finance and Accounting from Stern School of Business at New York University. Mr. Mechlin is a CFA Charterholder.

Joshua Shedroff


Start Date

Tenure

Tenure Rank

Oct 28, 2021

0.59

0.6%

Joshua Shedroff joined CIG in 2008 as a credit analyst and is currently a Portfolio Manager for CIG with responsibility for senior loans and high yield. Previously he served as an Associate at The GlenRock Group, a private equity firm, where he evaluated and executed growth equity and leveraged buyout transactions. Prior to that, he worked in the Corporate Development Group at AboveNet, where he focused on their Chapter 11 restructuring. Mr. Shedroff began his career in the Investment Banking Division at Salomon Smith Barney. Mr. Shedroff received an M.B.A. with honors from the Wharton School at the University of Pennsylvania and a B.A. with honors in Economics from Brandeis University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 21.18 6.05 3.25