Summary
DHY Chart
DHY: 10% Distribution Won't Save You From A Spread Blow-Up (Rating Downgrade)
Credit Suisse High Yield Credit Fund is downgraded to 'Sell' due to elevated risk at current credit spread levels. DHY maintains a constant 23% leverage ratio and is overweight single-B credits, exposing it to significant downside in a risk-off environment. A 1-for-10 reverse share split is scheduled for September 2026 to address NYSE listing requirements, with no impact on underlying value.
DHY: Resilient Portfolio But Dividend Is Too Generous
Credit Suisse High Yield Credit Fund remains a hold, trading at a 9.8% discount to NAV but facing persistent headwinds from elevated interest rates. DHY's 10.1% yield is unsustainable, as distributions exceed earnings, risking future payout cuts and continued NAV erosion. The fund's resilience against defaults is offset by limited NAV growth and a decade-long capital decline, with all returns reliant on maintaining high distributions.
Credit Suisse High Yield Bond Fund Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 39,972.1 | $711,503.38 | $645,549.41 | -$65,953.97 | -9.27% |
| PER Paul E. Rasmussen SIT INVESTMENT ASSOCIATES Inc. | 1.9M | $33.94M | $30.49M | -$3.45M | -10.17% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 20,775.1 | $417,322.18 | $335,517.86 | -$81,804.32 | -19.6% |
| RS Richard Stram Marino, Stram & Associates LLC | 368.6 | $9,767.9 | $5,952.89 | -$3,815.01 | -39.06% |
| LW Landry Watson AVANTAX ADVISORY SERVICES Inc. | 3,852.5 | $82,284.7 | $61,678.52 | -$20,606.18 | -25.04% |
Credit Suisse High Yield Bond Fund (DHY) FAQ
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