GLDI

Credit Suisse X-Links Gold Shares Covered Call ETN
F

N/A
  • Overview
  • Efficiency
  • Tradability
  • Fit

GLDI Fund Description

The Credit Suisse X-Links Gold Shares Covered Call ETN offers the returns of a covered call strategy comprised of shares of the ETF GLD, a physical gold ETF, and one month call options with a strike price of 103% of GLD.

GLDI Factset Analytics Insight

GLDI adds a new wrinkle to the gold segment, tracking an index that uses a covered-call strategy to add income to an asset devoid of yield. The note's index mimics a hypothetical GLD position, coupled with a short position in GLD calls expiring the next month with strike prices 3% higher than the price of GLD at the time of sale. The premiums from the short-call position are replicated with coupon payments and are subtracted from the value of the index. This widely used strategy adds yield, but at the cost of upside participation. It's therefore likely to perform very differently from spot gold prices, and is a poor Fit for those looking for pure gold exposure. Its 65 bp expense ratio is significantly higher than that of competing funds, and the note will continue to be expensive to access until it attracts a decent asset base.

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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GLDI Top 10 Contracts

GLDI Summary Data

Credit Suisse
01/29/13
Exchange-Traded Note
0.65%
$54.44M
$274.25K
0.17%

GLDI Portfolio Data

Physically Held
Physically Held
Monthly
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GLDI Index Data

Fixed
Fixed
Gold Spot

Related ETFs to GLDI

DGL, GLD, IAU, SGOL, OUNZ
Total Return
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max

GLDI Portfolio Management

0.65%
-1.92%
0.26%
-4.15%

GLDI Tax Exposures

20% / 39.6%
--
No

GLDI Fund Structure

Exchange-Traded Note
No
N/A
Credit Suisse AG
Low
Medium
N/A
Bats Book Viewer
TOP OF BOOK
SHARES/SIZEPRICE
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BIDS----
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LAST 10 TRADES
TIMEPRICESHARES
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Bats BZX Real-time Quote - 23:59:59
Daily Spread
Premium/Discount
Volume

GLDI Factset Analytics Block Liquidity

As of 11/22/17
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of GLDI. GLDI is rated a 5 out of 5.

GLDI Tradability

30,231
$274.25K
24,178
$216.89K
0.17%
$0.02
0%
0.79% / -0.49%
None
100%
50,000
0.48
0.12%
--
26
$8.92
5

GLDI Sector Breakdown

GLDISegment Benchmark
100.00% 100.00%
0.00% 0.00%
0.00% 0.00%
0.00% 0.00%
0.00% 0.00%

GLDI Top 10 Targeted Commodity Weights

100.00%

GLDI Tenor Strategy

GLDI holds physical bullion. Prices will reflect the current spot market values.

GLDI Performance Statistics

0.46
0.62
0.46
0.75
0.01%

GLDI Rolling Strategy

Since GLDI holds physical bullion rather than futures contracts, it does not have a roll strategy.