Credit Suisse Floating Rate High Income Fund (CHIAX)
The investment seeks high current income; capital appreciation is a secondary consideration. The fund normally 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. It may invest up to 30% of its total assets in securities of non-U.S. issuers.
Fund Info
| ISIN | US22540S8778 |
|---|---|
| CUSIP | 22540S877 |
| Issuer | Credit Suisse (New York, NY) |
| Inception Date | Mar 7, 1999 |
| Category | Bank Loan |
| Min. Investment | $2,500 |
| Asset Class | Bond |
Expense Ratio
CHIAX has a high expense ratio of 0.95%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: CHIAX vs. HYSZX, CHIAX vs. FLXI.DE, CHIAX vs. FFRHX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Credit Suisse Floating Rate High Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Credit Suisse Floating Rate High Income Fund had a return of 6.91% year-to-date (YTD) and 8.38% in the last 12 months. Over the past 10 years, Credit Suisse Floating Rate High Income Fund had an annualized return of 4.35%, while the S&P 500 had an annualized return of 11.39%, indicating that Credit Suisse Floating Rate High Income Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 6.91% | 25.48% |
| 1 month | -0.16% | 2.14% |
| 6 months | 2.93% | 12.76% |
| 1 year | 8.38% | 33.14% |
| 5 years (annualized) | 5.18% | 13.96% |
| 10 years (annualized) | 4.35% | 11.39% |
Monthly Returns
The table below presents the monthly returns of CHIAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.55% | 0.93% | 0.60% | 0.43% | 0.92% | 0.57% | 0.74% | 0.43% | 0.55% | -0.16% | 6.91% | ||
| 2023 | 3.50% | 0.46% | -0.07% | 0.64% | 0.51% | 2.20% | 1.44% | 1.10% | -0.16% | 0.59% | 1.22% | 0.63% | 12.69% |
| 2022 | 0.11% | -0.35% | -0.01% | -0.46% | -1.80% | -2.46% | 1.77% | 1.87% | -2.49% | 0.93% | 0.94% | -0.48% | -2.53% |
| 2021 | 0.92% | 0.62% | 0.57% | 0.44% | 0.30% | 0.69% | -0.30% | 0.59% | 0.59% | -0.30% | 0.07% | 0.74% | 5.03% |
| 2020 | 0.85% | -1.56% | -12.94% | 2.89% | 3.66% | 2.38% | 1.64% | 1.48% | 0.76% | 0.36% | 2.34% | 1.56% | 2.32% |
| 2019 | 1.96% | 1.29% | -0.31% | 1.45% | -0.46% | 0.12% | 0.57% | -0.18% | 0.26% | -0.48% | 0.68% | 1.62% | 6.68% |
| 2018 | 0.63% | 0.03% | 0.20% | 0.50% | 0.06% | 0.04% | 0.64% | 0.34% | 0.48% | 0.09% | -0.95% | -2.24% | -0.22% |
| 2017 | 0.79% | 0.45% | 0.05% | 0.47% | 0.45% | 0.02% | 0.49% | 0.00% | 0.48% | 0.61% | 0.14% | 0.32% | 4.35% |
| 2016 | -1.10% | -1.00% | 2.89% | 1.78% | 0.84% | 0.09% | 1.46% | 0.70% | 0.67% | 0.81% | 0.50% | 1.09% | 9.02% |
| 2015 | 0.19% | 1.51% | 0.50% | 1.21% | 0.35% | -0.36% | 0.20% | -0.57% | -0.41% | 0.22% | -0.56% | -1.09% | 1.17% |
| 2014 | 0.46% | 0.17% | 0.32% | 0.16% | 0.32% | 0.46% | 0.03% | 0.17% | -0.56% | 0.20% | 0.34% | -1.10% | 0.95% |
| 2013 | 1.10% | 0.24% | 0.67% | 0.61% | 0.05% | -0.63% | 0.94% | 0.03% | 0.29% | 0.76% | 0.30% | 0.47% | 4.94% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of CHIAX is 94, placing it in the top 6% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Credit Suisse Floating Rate High Income Fund (CHIAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Credit Suisse Floating Rate High Income Fund provided a 8.22% dividend yield over the last twelve months, with an annual payout of $0.52 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.52 | $0.56 | $0.32 | $0.23 | $0.28 | $0.33 | $0.29 | $0.26 | $0.31 | $0.28 | $0.27 | $0.29 |
Dividend yield | 8.22% | 8.74% | 5.22% | 3.39% | 4.20% | 4.95% | 4.39% | 3.82% | 4.49% | 4.28% | 3.93% | 4.09% |
Monthly Dividends
The table displays the monthly dividend distributions for Credit Suisse Floating Rate High Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.00 | $0.00 | $0.43 | |
| 2023 | $0.04 | $0.04 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.56 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.32 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.28 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.29 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.31 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.28 |
| 2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 2013 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.29 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Credit Suisse Floating Rate High Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Credit Suisse Floating Rate High Income Fund was 39.31%, occurring on Dec 15, 2008. Recovery took 241 trading sessions.
The current Credit Suisse Floating Rate High Income Fund drawdown is 0.47%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -39.31% | Jun 6, 2007 | 385 | Dec 15, 2008 | 241 | Nov 30, 2009 | 626 |
| -19.94% | Feb 18, 2020 | 26 | Mar 24, 2020 | 175 | Dec 1, 2020 | 201 |
| -8.92% | Jun 1, 2001 | 78 | Sep 27, 2001 | 125 | Mar 28, 2002 | 203 |
| -8.59% | May 2, 2002 | 112 | Oct 10, 2002 | 64 | Jan 13, 2003 | 176 |
| -6.48% | Mar 8, 2005 | 50 | May 17, 2005 | 74 | Aug 31, 2005 | 124 |
Volatility
Volatility Chart
The current Credit Suisse Floating Rate High Income Fund volatility is 0.98%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.