CS Floating Rate High Income Fund Share Class A
A core competency of our Credit Investments Group is in the long-standing, established management of senior secured loans. The team’s senior investment managers leverage significant experience investing in performing credit strategies and two members of the Credit Forum have managed portfolios together for over 20 years. The team offers global capabilities with an overriding emphasis on preservation of capital to provide diverse investment options for clients globally. Within the investment process framework, bottom-up fundamental analysis drives the selection of individual investments and a high level of diversity with strict quality, issuer and industry concentration criteria.
A core competency of our Credit Investments Group is in the long-standing, established management of senior secured loans. The team’s senior investment managers leverage significant experience investing in performing credit strategies and two members of the Credit Forum have managed portfolios together for over 20 years. The team offers global capabilities with an overriding emphasis on preservation of capital to provide diverse investment options for clients globally. Within the investment process framework, bottom-up fundamental analysis drives the selection of individual investments and a high level of diversity with strict quality, issuer and industry concentration criteria.
Legal Documents
Fund Details
Credit Suisse Floating Rate High Income Fund
Advisor | UBS Asset Management (Americas) LLC |
Custodian | State Street Bank & Trust Company |
Inception Date | 03-08-1999 |
Fund Domicile | United States |
Fund Structure | Open Ended Investment Company |
Fund Strategy | Bank Loan |
Share Class
Credit Suisse Floating Rate High Income Fund Share Class A
Ticker | CHIAX | |
CUSIP | 22540S877 | |
Currency | USD | |
Gross Expense Ratio¹ | 1.05 % | |
Net Expense Ratio¹ | 0.95 % | |
Max initial sales charge² | 4.75 % | |
¹) Credit Suisse Opportunity Funds (the “Trust”) and UBS Asset Management (Americas) LLC (“UBS”) have entered into a written contract limiting operating expenses to 0.96% of the fund’s average daily net assets for Class A shares, 1.71% of the fund’s average daily net assets for Class C shares and 0.71% of the fund’s average daily net assets for Class I shares at least through February 28, 2024. This limit excludes certain expenses, including interest charges on fund borrowings, taxes, brokerage commissions, dealer spreads and other transaction charges, expenditures that are capitalized in accordance with generally accepted accounting principles, acquired fund fees and expenses, short sale dividends, and extraordinary expenses (e.g., litigation and indemnification and any other costs and expenses that may be approved by the Board of Trustees). The Trust is authorized to reimburse UBS for management fees previously limited and/or for expenses previously paid by UBS, provided, however, that any reimbursements must be paid at a date not more than thirty-six months following the applicable month during which such fees were limited or expenses were reimbursed by UBS and the reimbursements do not cause the Fund to exceed
the applicable expense limitation in the contract at the time the fees are recouped. This contract may not be terminated before February 28, 2024.
²) The current maximum initial sales charge for Class A shares is 4.75%, and is waived with respect to certain investment advisory clients, investors in employee retirement, stock, bonus, pension or profit-sharing plans, certain registered investment advisers and broker-dealers with clients participating in comprehensive fee programs, and certain other investors. The current maximum contingent deferred sales charge (CDSC) for Class C shares is 1.00% during the first year.
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Daily Prices
NAV | 6.37 |
Net Assets | $ 126,128,795 |
Outstanding Shares | 19,813,795 |
Previous NAV | 6.36 |
NAV change | 0.01 |
NAV change in % | 0.16% |
Last Update: | 11-20-2024 |
The performance data quoted represents past performance. Past performance does not guarantee future results. Investment return and principal value will fluctuate so that an investors shares, when redeemed, may be worth more or less than their original cost; and that current performance may be lower or higher than the performance data quoted. 1 year, 3 years, 5 years, 10 years and since inception performance is annualized.
Monthly Performance Update as of 10-31-2024 No Load
Period (show all share classes) |
CHIAX Class A |
CHICX Class C |
CSHIX Class I |
---|---|---|---|
YTD | 6.61% | 5.96% | 6.83% |
1-Month | 0.55% | 0.49% | 0.73% |
3-Months | 1.54% | 1.35% | 1.60% |
6-Months | 3.79% | 3.40% | 3.92% |
1-Year | 9.43% | 8.61% | 9.70% |
3-Years | 5.83% | 5.00% | 6.09% |
5-Years | 5.32% | 4.54% | 5.58% |
10-Years | 4.40% | 3.63% | 4.66% |
Since-Inception 03-08-1999 | 5.55% | 4.77% | 5.88% |
Last Update: 10-31-2024 |
Quarterly Performance Update as of 09-30-2024 No Load
Period (show all share classes) |
CHIAX Class A |
CHICX Class C |
CSHIX Class I |
---|---|---|---|
1-Year | 8.66% | 7.85% | 8.75% |
3-Years | 5.62% | 4.84% | 5.87% |
5-Years | 5.10% | 4.32% | 5.32% |
10-Years | 4.36% | 3.59% | 4.60% |
Since-Inception 03-08-1999 | 5.54% | 4.76% | 5.86% |
Last Update: 09-30-2024 |
Monthly Performance Update as of 10-31-2024 With Load
Period (show all share classes) |
CHIAX Class A |
CHICX Class C |
---|---|---|
YTD | 1.54% | 4.97% |
1-Month | (4.27)% | (0.51)% |
3-Months | (3.31)% | 0.35% |
6-Months | (1.17)% | 2.41% |
1-Year | 4.16% | 7.61% |
3-Years | 4.13% | 5.00% |
5-Years | 4.29% | 4.54% |
10-Years | 3.90% | 3.63% |
Since-Inception 03-08-1999 | 5.35% | 4.77% |
Last Update: 10-31-2024 |
Quarterly Performance Update as of 09-30-2024 With Load
Period (show all share classes) |
CHIAX Class A |
CHICX Class C |
---|---|---|
1-Year | 3.47% | 6.86% |
3-Years | 3.94% | 4.84% |
5-Years | 4.09% | 4.32% |
10-Years | 3.86% | 3.59% |
Since-Inception 03-08-1999 | 5.34% | 4.76% |
Last Update: 09-30-2024 |
Senior secured loans are floating-rate debt instruments that provide capital to non-investment grade corporate borrowers. Such loans entail greater risks than those found in higher-rated securities.
The fund seeks high current income and, secondarily, capital appreciation.
Portfolio selection is based on research-driven investment philosophy consisting of bottom-up, fundamental analysis of senior secured bank loans and other debt securities.