FLGE

Credit Suisse FI Large Cap Growth Enhanced ETN
*Unless otherwise stated, data provided by FactSet.

FLGE Fund Description

FLGE provides 2X levered exposure to the total return of the Russell 1000 Growth Index, with leverage reset at least quarterly.

FLGE Factset Analytics Insight

FLGE provides 2x leveraged exposure to an index of US large-cap growth stocks. Unlike most geared products, the note resets its leverage quarterly, or in the event of a 20% decline in the underlying index since the last reset date. There is a 5 bp fee at each reset. This strategy mutes the effects of compounding and path dependency that plague other leveraged funds, but it means that investors in the fund won't receive exactly 2x leverage until the next reset. FLGE doesn't see a lot of trading activity, with low daily volume and sizeable spreads. However, it has attracted impressive AUM in spite of a high fee. Note that FLGE is a "bespoke" product, created for Fisher Asset Management and its clients. The notes are unadvertised—lacking even a website—because they aren't intended for individual investors. Also consider FBGX, a similar series of notes tracking the same index.

FLGE Charts And Performance

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
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Select ETFs to compare their performance:
PERFORMANCE [as of 09/18/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FLGE 5.04% 5.47% 50.27% -3.03% 28.63% 21.58% --
FLGE (NAV) 5.31% 5.53% 48.42% -2.83% 28.64% 21.54% --
Russell 1000 Growth 2.81% 3.27% 24.93% 6.20% 17.89% 13.31% --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FLGE Summary Data

06/11/14
Exchange-Traded Note
1.52%
$1.69B
0.57%

FLGE Portfolio Data

0.00%
N/A

FLGE Index Data

Russell 1000 Growth
Multi-Factor
Multi-Factor
N/A

FLGE Fund Structure

No
N/A
N/A / N/A
Credit Suisse Group AG
Low
Low
2
Variable

FLGE Tax Exposures

20.00% / 39.60%
--
No
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

FLGE Factset Analytics Block Liquidity

As of 09/20/19
5
4
3
2
1

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

FLGE Tradability

7,028
$1.96M
4,672
$1.32M
0.57%
$1.59
-0.04%
2.37% / -1.78%
None
0.00%
10,000
0.47
0.12%
--
0
$284.75
N/A