CS Strategic Income Fund Share Class I
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, Dollar and Euro-focused capabilities with an overriding emphasis on preservation of capital to provide diverse investment options for clients globally. Within the investment process framework, bottom-up analysis drives the selection of individual investments and a high level of diversity with strict quality, issuer and industry concentration criteria.
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, Dollar and Euro-focused capabilities with an overriding emphasis on preservation of capital to provide diverse investment options for clients globally. Within the investment process framework, bottom-up 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 Strategic Income Fund
| Advisor | UBS Asset Management (Americas) LLC |
| Custodian | State Street Bank & Trust Company |
| Inception Date | 09-28-2012 |
| Fund Domicile | United States |
| Fund Structure | Open Ended Investment Company |
| Fund Strategy | Non Traditional Bond |
Share Class
Credit Suisse Strategic Income Fund Share Class I
| Ticker | CSOIX | |
| CUSIP | 22540S745 | |
| Currency | USD | |
| Gross Expense Ratio¹ | 1.09 % | |
| Net Expense Ratio¹ | 0.79 % | |
| Max initial sales charge² | 0.00 % | |
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¹) Credit Suisse Opportunity Funds (the “Trust”) and UBS Asset Management (Americas) LLC (“UBS”) have entered into a written contract limiting operating expenses to 1.04% of the fund’s average daily net assets for Class A shares, 1.79% of the fund’s average daily net assets for Class C shares and 0.79% 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.
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Daily Prices
| NAV | 9.56 |
| Net Assets | $ 752,255,207 |
| Outstanding Shares | 78,725,723 |
| Previous NAV | 9.55 |
| NAV change | 0.01 |
| NAV change in % | 0.10% |
| 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) |
CSOAX Class A |
CSOCX Class C |
CSOIX Class I |
|---|---|---|---|
| YTD | 7.50% | 6.72% | 7.71% |
| 1-Month | 0.29% | 0.13% | 0.32% |
| 3-Months | 2.06% | 1.76% | 2.12% |
| 6-Months | 4.87% | 4.47% | 4.99% |
| 1-Year | 13.34% | 12.50% | 13.61% |
| 3-Years | 4.87% | 4.09% | 5.17% |
| 5-Years | 5.27% | 4.49% | 5.53% |
| 10-Years | 5.22% | 4.45% | 5.50% |
| Since-Inception 09-28-2012 | 5.79% | 5.01% | 6.06% |
| Last Update: 10-31-2024 | |||
Quarterly Performance Update as of 09-30-2024 No Load
| Period (show all share classes) |
CSOAX Class A |
CSOCX Class C |
CSOIX Class I |
|---|---|---|---|
| 1-Year | 11.92% | 11.21% | 12.19% |
| 3-Years | 4.80% | 4.06% | 5.06% |
| 5-Years | 5.15% | 4.39% | 5.41% |
| 10-Years | 5.16% | 4.39% | 5.43% |
| Since-Inception 09-28-2012 | 5.81% | 5.03% | 6.08% |
| Last Update: 09-30-2024 | |||
All investments involve some level of risk. Simply defined, risk is the possibility that you will lose money or not make money. Before you invest, please make sure you understand the risks that apply to the fund. As with any mutual fund, you could lose money over any period of time. Investments in the fund are not bank deposits and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Principal risk factors for the fund include:
BELOW INVESTMENT GRADE SECURITIES RISK:
Below investment grade securities are regarded as being predominantly speculative as to the issuer’s ability to make payments of principal and interest.
COLLATERALIZED LOAN OBLIGATIONS RISK:
CLOs are subject to the risk of substantial losses due to actual defaults, decrease of market value due to collateral defaults and disappearance of subordinate tranches, marker anticipation of defaults, and aversion to CLO securities as a class
CONFLICT OF INTEREST RISK:
Affiliates of Credit Suisse may act as underwriter, lead agent or administrative agent for loans and participate in the secondary market for loans
CONVERTIBLE SECURTIES RISK:
The market value of a convertible security performs like that of a regular debt security; that is, if market interest rates rise, the value of a convertible security usually falls.
CREDIT RISK:
The issuer of a security or the counterparty to a contract, including derivatives contracts, may default or otherwise become unable to honor a financial obligation.
DERIVATIVES RISK:
The fund’s use of derivative instruments involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments. Derivatives are subject to a number of risks such as commodity exposure risks, interest rate risk, market risk and credit risk.
EXTENSION RISK:
An unexpected rise in interest rates may extend the life of a mortgage-backed security beyond the expected prepayment time, typically reducing the security's value
FOREIGN SECURITIES RISK:
A fund that invests outside the U.S. carries additional risks that include:
Currency Risk: Fluctuations in exchange rates between the U.S. dollar and foreign currencies may negatively affect an investment. Information Risk: Key information about an issuer, security or market may be inaccurate or unavailable.
Political Risk: Foreign governments may expropriate assets, impose capital or currency controls, impose punitive taxes, or nationalize a company or industry. Any of these actions could have a severe effect on security prices and impair the fund’s ability to bring its capital or income back to the U.S. Other political risks include economic policy changes, social and political instability, military action and war.
The fund seeks total return.
The fund pursues its investment objective of total return by investing in a broad range of debt instruments. "Strategic" in the fund's name means that the fund seeks both current income and capital apprecation as elements of total return.
In seeking to achieve its investment objective, the fund adjusts its portfolio's exposure amongst the various types of debt instruments based on market conditions and outlook.
At any given time, the fund may have a substantial weighting in any one asset class. Accordingly, the fund will, at times, be invested in debt instruments of various credit qualities and maturities, while at other times, the fund may emphasize one particular credit quality or maturity.