MLTI: new Multi-Asset High Income ETN by Credit Suisse

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):

Ticker Security Name Weight
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%


Useful Links:
MLTI Home Page



Category: Multi Asset> Multi Asset Income

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