REML

Credit Suisse X-Links Monthly Pay 2xLeveraged Mortgage REIT ETN
*Unless otherwise stated, data provided by FactSet.

REML Fund Description

The Credit Suisse X-Links Monthly Pay 2xLeveraged Mortgage REIT ETN provides 2x leveraged exposure to a market-cap-weighted index of residential and commercial mortgage REITs. Leverage is reset monthly.

REML Factset Analytics Insight

REML provides 2x leveraged exposure to a portfolio of residential and commercial mortgage REITs. Unlike most leveraged products which reset their exposure daily, REML resets monthly. That means it can be held for longer periods without significant compounding effects, but returns will still drift away from the target 2x multiple over time, so a buy-and-hold strategy is not advisable. The underlying portfolio is concentrated into just a handful of mortgage REITs, but that's representative of this highly focused niche. The portfolio has historically yielded significant distributions, and REML pays a monthly coupon equal to twice this amount. But take note: those high yields have often come with lukewarm total returns and high volatility, which REML's leverage will magnify. Note too that the underlying mortgage REITs often use leverage, before the additional 2x multiple is applied. REML also charges both a steep tracking fee and a financing fee for its leverage, which make it expensive to hold. Unleveraged exposure can be had with iShares’ REM.

REML CHARTS AND PERFORMANCE

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 09/20/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
REML -2.34% 2.76% 2.55% 4.46% -- -- --
REML (NAV) -2.40% 2.42% 2.34% 3.92% -- -- --
FTSE Nareit All Mortgage Capped -- -- -- -- -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

REML Summary Data

07/12/16
Exchange-Traded Note
1.30%
$46.32M
0.74%

REML Portfolio Data

20.94%
09/13/18

REML Index Data

FTSE Nareit All Mortgage Capped
Market Cap
Market Cap
N/A

REML Fund Structure

No
N/A
N/A / N/A
Credit Suisse AG
Low
Medium
2
Monthly

REML Tax Exposures

20.00% / 39.60%
--
No
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

REML Factset Analytics Block Liquidity

As of 09/21/18
5
4
3
2
1

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

REML Tradability

20,657
$573.11K
11,759
$325.17K
0.74%
$0.20
0.34%
1.69% / -1.04%
None
0.00%
50,000
0.24
0.13%
--
--
$26.85
N/A