CS Commodity Return Strategy Fund Share Class A
We offer investors an important diversification strategy through convenient, cost-effective access to commodity markets. The capability represents both an experienced track record and a strong organizational commitment to developing, growing and distributing commodity strategies.
We offer investors an important diversification strategy through convenient, cost-effective access to commodity markets. The capability represents both an experienced track record and a strong organizational commitment to developing, growing and distributing commodity strategies.
Legal Documents
Fund Details
Credit Suisse Commodity Return Strategy Fund
| Advisor | UBS Asset Management (Americas) LLC |
| Custodian | State Street Bank & Trust Company |
| Inception Date | 12-30-2004 |
| Fund Domicile | United States |
| Fund Structure | Open Ended Investment Company |
| Fund Strategy | Commodities Broad Basket |
Share Class
Credit Suisse Commodity Return Strategy Fund Share Class A
| Ticker | CRSAX | |
| CUSIP | 22544R107 | |
| Currency | USD | |
| Gross Expense Ratio¹ | 1.06 % | |
| Net Expense Ratio¹ | 1.05 % | |
| Max initial sales charge² | 4.75 % | |
|
¹) Credit Suisse Commodity Strategy Funds (the “Trust”) and UBS Asset Management (Americas) LLC (“UBS”) have entered into a written contract limiting operating expenses to 1.05% of the fund’s average daily net assets for Class A shares, 1.80% of the fund’s average daily net assets for Class C shares and 0.80% 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%. The initial sales charge is reduced for larger purchases. Purchases over $1,000,000 or more are not subject to an initial sales charge but may be subject to a 0.50% CDSC on redemptions made within 12 months of purchase. The current maximum CDSC for Class C shares is 1.00% during the first year.
|
||
Daily Prices
| NAV | 21.36 |
| Net Assets | $ 28,291,039 |
| Outstanding Shares | 1,324,227 |
| Previous NAV | 21.59 |
| NAV change | -0.23 |
| NAV change in % | -1.07% |
| Last Update: | 12-02-2024 |
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) |
CRSAX Class A |
CRSCX Class C |
CRSOX Class I |
|---|---|---|---|
| YTD | 3.62% | 2.97% | 3.82% |
| 1-Month | (1.96)% | (2.01)% | (1.95)% |
| 3-Months | 2.63% | 2.41% | 2.68% |
| 6-Months | (1.35)% | (1.72)% | (1.26)% |
| 1-Year | (0.70)% | (1.44)% | (0.47)% |
| 3-Years | 1.97% | 1.20% | 2.22% |
| 5-Years | 7.13% | 6.35% | 7.39% |
| 10-Years | (0.18)% | (0.93)% | 0.06% |
| Since-Inception 12-30-2004 | (0.62)% | (1.35)% | (0.37)% |
| Last Update: 10-31-2024 | |||
Quarterly Performance Update as of 09-30-2024 No Load
| Period (show all share classes) |
CRSAX Class A |
CRSCX Class C |
CRSOX Class I |
|---|---|---|---|
| 1-Year | 1.73% | 0.96% | 2.00% |
| 3-Years | 3.50% | 2.72% | 3.75% |
| 5-Years | 7.95% | 7.14% | 8.25% |
| 10-Years | (0.07)% | (0.82)% | 0.17% |
| Since-Inception 12-30-2004 | (0.52)% | (1.25)% | (0.27)% |
| Last Update: 09-30-2024 | |||
Monthly Performance Update as of 10-31-2024 With Load
| Period (show all share classes) |
CRSAX Class A |
CRSCX Class C |
|---|---|---|
| YTD | (1.29)% | 1.97% |
| 1-Month | (6.60)% | (2.99)% |
| 3-Months | (2.22)% | 1.41% |
| 6-Months | (6.05)% | (2.69)% |
| 1-Year | (5.42)% | (2.39)% |
| 3-Years | 0.33% | 1.20% |
| 5-Years | 6.10% | 6.35% |
| 10-Years | (0.66)% | (0.93)% |
| Since-Inception 12-30-2004 | (0.86)% | (1.35)% |
| Last Update: 10-31-2024 | ||
Quarterly Performance Update as of 09-30-2024 With Load
| Period (show all share classes) |
CRSAX Class A |
CRSCX Class C |
|---|---|---|
| 1-Year | (3.10)% | (0.03)% |
| 3-Years | 1.82% | 2.72% |
| 5-Years | 6.89% | 7.14% |
| 10-Years | (0.55)% | (0.82)% |
| Since-Inception 12-30-2004 | (0.77)% | (1.25)% |
| Last Update: 09-30-2024 | ||
This fund is non-diversified, which means it may invest a greater proportion of its assets in the securities of a smaller number of issuers than a diversified fund and may therefore be subject to greater volatility. Exposure to commodity markets should only form a small part of a diversified portfolio. Investment in commodity markets may not be suitable for all investors. The fund's investment in commodity-linked derivative instruments may subject the fund to greater volatility than investment in traditional securities.
The fund offers investors easy access to the broad commodity markets, currently by investing in a combination of commodity-linked structured notes and swaps. The fund has obtained a private letter ruling from the IRS confirming that the income produced by certain types of structured notes constitutes "qualifying income" under the IRS Code of 1986, as amended.
The fund is designed to achieve positive total return relative to the performance of the Bloomberg Commodity Index Total Return.
The fund invests in commodity-linked derivative instruments, such as commodity-linked notes, that provide exposure to the investment returns of the commodities markets without investing directly in physical commodities.
The fund also intends to gain exposure to commodities markets by investing in the Subsidiary, which in turn invests in commodity-linked swap agreements and other commodity-linked derivative instruments, and by investing directly in commodity-linked structured notes. These investments will be linked to the Bloomberg Commodity Index, other commodity indices or the value of a particular commodity or commodity futures contract or subset of commodities or commodity futures contracts.