Fund Description
The Credit Suisse X-Links Monthly Pay 2xLeveraged Mortgage REIT ETNs (such exchange traded notes, the "ETNs") are senior, unsecured debt securities issued by Credit Suisse AG ("Credit Suisse"), acting through its Nassau Branch, that provide a monthly compounded 2x leveraged long exposure to the price return version of the FTSE NAREIT All Mortgage Capped Index. The ETNs may pay a variable monthly coupon linked to the net cash distributions, if any, of the Index Constituents. The ETNs are listed on NYSE Arca under the ticker symbol "REML". The ETNs should be purchased only by knowledgeable investors who understand the potential consequences of investing in the ETNs. The FTSE NAREIT All Mortgage Capped Index (the "Index") measures the performance of tax-qualified U.S. mREITs with more than 50% of total assets invested in mortgage loans or mortgage-backed securities secured by interests in real property (the "Index Constituents"), as selected and ranked by the Index Sponsor, FTSE International Limited ("FTSE"), in accordance with the Index methodology. Each Index Constituent must, among other requirements as described therein, be a tax-qualified mREIT that is listed on the New York Stock Exchange, the NYSE Arca or the NASDAQ National Market List. The Index is calculated by FTSE and its price return version is disseminated real-time under the Bloomberg ticker symbol "FNMRC" and the Reuters instrument code ".FTFNMRC". The Index was launched on December 19, 2008 and, therefore, has no performance history prior to that date.
Fund Profile
Fund Name Credit Suisse X-Links Monthly Pay 2xLeveraged Mortgage REIT ETNs
Fund Exchange Ticker REML
Fund Sponsor Credit Suisse
Fund ISIN US22539T2823
Net Expense Ratio 0.50 %
Fund Inception Date 12 July 2016
Fund Legal Structure ETN
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Leveraged / Inverse
Asset Class Equities (Stocks)
Index Linked Passive
Index Name FTSE NAREIT All Mortgage Capped Index
Index Provider FTSE Russell
Currency Hedged No
Inverse / Leveraged Leveraged (2x)
Developed / Emerging Developed Market Funds
Market Capitalization Range Broad Market / Multi-Cap
Growth Value Core / Blend
Continent North America
Key Statistics
Return As of Date 15 October 2021
Asset Under Management 219.90 Million (USD)
1 Month Total Return 6.93 %
Year To Date Return 45.55 %
1 Year Total Return 110.05 %
3 Year Annualized Total Return -19.67 %
NAV 7.153
Share Outstanding 30,743,000
Top 10 Holdings (Invalid date)
Constituent Name Constituent Ticker Constituent Type Weighting