GLDI

Credit Suisse X-Links Gold Shares Covered Call ETN
*Unless otherwise stated, data provided by FactSet.

GLDI Fund Description

GLDI 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 twist 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 not for those looking for pure gold exposure. GLDI aims to distribute yield monthly, typical of an ETN.

PERFORMANCE [as of 06/15/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
GLDI 0.54% 5.49% -2.47% 3.70% 10.78% 5.53% --
GLDI (NAV) 0.87% 5.68% -2.26% 5.48% 11.35% 5.92% --
Credit Suisse NASDAQ Gold FLOWS 103 Index 0.93% 5.89% -1.95% 6.21% 12.12% 6.64% --
Gold Spot 1.47% 8.21% -1.19% 9.04% 13.23% 7.77% 2.00%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

GLDI Summary Data

01/29/13
Exchange-Traded Note
0.65%
$102.00M
$1.37M
0.11%

GLDI Portfolio Data

Physically Held
Physically Held
Monthly
0

GLDI Index Data

Fixed
Fixed
Gold Spot

GLDI Portfolio Management

0.65%
-0.86%
-0.73%
-0.97%

GLDI Tax Exposures

20.00% / 39.60%
--
No

GLDI Fund Structure

Exchange-Traded Note
No
N/A
Credit Suisse Group AG
Low
Medium
None

GLDI Factset Analytics Block Liquidity

As of 06/17/21
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

152,316
$1.37M
140,043
$1.24M
0.11%
$0.01
0.09%
3.90% / -0.25%
None
100.00%
50,000
2.80
0.12%
--
0
$9.01
5

GLDI Sector Breakdown


GLDI
Segment Benchmark
100.00%
100.00%

GLDI Tenor Strategy

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

GLDI Rolling Strategy

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

GLDI Performance Statistics

0.49
0.49
0.46
0.75
0.01%