Credit Suisse begun trading the Credit Suisse X-Links Multi-Asset High Income ETNs (NYSE Arca: MLTI) on Wednesday, September 30, 2015.
Here is a synopsis of the new ETF:
|Symbol: MLTI||Exchange: NYSE Arca|
|Name: Credit Suisse X-Links Multi-Asset High Income ETNs||Net Expense Ratio: 0.84%|
The Credit Suisse X-Links Multi-Asset High Income ETNs are senior, unsecured debt securities issued by Credit Suisse AG, acting through its Nassau Branch, that provide exposure to the price return version of the NYSE Multi-Asset High Income Index.
The NYSE Multi-Asset High Income Index measures the performance of a diversified basket of up to 120 publicly-traded securities that have typically paid high dividends or distributions. The Index Constituents must satisfy certain dividend or distribution yield and frequency criteria, liquidity criteria and other eligibility requirements.
The index sponsor designed the Index’s features with a view to highlighting income, while its choice of diverse Index Constituent sectors seeks to minimize volatility. The Index methodology incorporates minimum free float market capitalization; dividend yield and frequency; liquidity minimums; and asset class and sector weighting requirements. The Index is rebalanced quarterly to maintain the target weightings set forth in the chart below.
The Index is a price return index and was launched on March 30, 2015 and, therefore, has no performance history prior to that date.
Index Top Consituents (09/22/15):
|HYG||iShares iBoxx $ High Yield Corporate Bond Fund||8.45%|
|PFF||iShares US Preferred Stock ETF||8.11%|
|EMB||iShares JPMorgan USD Emerging Market Bond ETF||6.68%|
|JNK||SPDR Barclays High Yield Bond ETF||6.53%|
|NLY||Annaly Capital Management Inc||4.63%|
|IDV||iShares DJ International Select Dividend Index Fund||4.35%|
|PCY||PowerShares Emerging Markets Sovereign Debt Port||4.05%|
|AGNC||American Capital Agency Corp||3.44%|
|ARCC||Ares Capital Corp||3.29%|
|PSEC||Prospect Capital Corp||3.17%|
MLTI Home Page
Category: Multi Asset> Multi Asset Income