Fund Description
The Credit Suisse X-Links Silver Shares Covered Call 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 are linked to the return of the Credit Suisse NASDAQ Silver FLOWSTM (Formula-Linked OverWrite Strategy) 106 Index (the Index ). The Index seeks to implement a covered call investment strategy by maintaining a notional long position in shares of the iShares Silver Trust ETF (SLV UP <Equity>) (the SLV shares ) while notionally selling monthly out-of-the-money call options on that position. The ETNs are listed on The Nasdaq Stock Market ( Nasdaq ) under the ticker symbol SLVO 1. The ETNs should be purchased only by knowledgeable investors who understand the potential consequences of investing in a covered call strategy on SLV shares. The ETNs pay a monthly variable cash coupon based on the notional premiums received from selling the calls.
Fund Profile
Fund Name Credit Suisse X-Links Silver Shares Covered Call ETN
Fund Exchange Ticker SLVO
Fund Sponsor Credit Suisse
Fund ISIN US22542D4491
Net Expense Ratio 0.65 %
Fund Inception Date 15 April 2013
Fund Legal Structure ETN
Exchange NASDAQ
Listing Country Code US
Fund Investment Objective
ETF Type Specific Commodities & Metals - Gold / Metals
Asset Class Commodities & Metals
Index Linked Passive
Index Name Credit Suisse NASDAQ Silver FLOWS 106 Index
Index Provider Credit Suisse
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Funds Combining Developed & Emerging Exposure
Commodity Types Gold / Metals
Key Statistics
Return As of Date 11 August 2022
Asset Under Management 166.36 Million (USD)
1 Month Total Return 5.33 %
Year To Date Return -11.86 %
1 Year Total Return -14.27 %
3 Year Annualized Total Return 1.64 %
NAV 4.1467
Share Outstanding 40,119,400
Top 10 Holdings (Invalid date)
Constituent Name Constituent Ticker Constituent Type Weighting