Credit Suisse High Yield Bond Fund (DHY)
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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 | 399,721 | $711,499.98 | $695,514.54 | -$15,985.44 | -2.25% |
| PER Paul E. Rasmussen SIT INVESTMENT ASSOCIATES Inc. | 19.05M | $33.94M | $33.33M | -$613,299.62 | -1.81% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 207,751 | $417,322.18 | $363,564.25 | -$53,757.93 | -12.88% |
 Bulldog Investors Bulldog Investors LLP | 863,300 | $1.54M | $1.49M | -$43,165 | -2.81% |
 Shawn M. McHugh WealthTrust Asset Management LLC | 19,797 | $37,614.3 | $34,644.75 | -$2,969.55 | -7.89% |
