Fund Evaluator:
Credit Suisse Strategic Income C (CSOCX)
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Best Performing in High Yield Bond Over the Last Year
| 11.4% | Fidelity Capital & Income (FAGIX) |
| 10.5% | Fidelity Advisor Capital & Income Z (FIQTX) |
| 7.4% | American Beacon SiM High Yld Opps Inv (SHYPX) |
| 7.4% | Fidelity Advisor High Income Z (FGUMX) |
| 7.2% | Fidelity High Income (SPHIX) |
Fund Details
Credit Suisse Strategic Income C Overview
Credit Suisse Strategic Income C (CSOCX) is an actively managed Taxable Bond High Yield Bond fund. UBS launched the fund in 2012.
The investment seeks total return. The fund pursues its investment objective of total return by investing in a portfolio of debt instruments. "Strategic" in the fund's name means that the fund seeks both current income and capital appreciation as elements of total return. In seeking to achieve its investment objective, it may adjust its portfolio's exposure among the various types of debt instruments based on market conditions and outlook.
About Credit Suisse Strategic Income C (CSOCX)
There are 6 members of the management team with an average tenure of 11.26 years: John Popp (2012), Andrew Marshak (2012), Louis Farano (2012), David Mechlin (2019), Joshua Shedroff (2021), Wing Chan (2012). Management tenure is more important for actively managed funds than passive index funds.
The fund has 3 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100%, Morningstar LSTA US LL TR USD index with a weighting of 50% and ICE BofA US HY Constnd TR USD index with a weighting of 50%. Credit Suisse Strategic Income C has 546 securities in its portfolio. The top 10 holdings constitute 7.2% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Credit Suisse Strategic Income C is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Credit Suisse Strategic Income C has 21.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.1%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 97.0% (75.4% domestic bond, 21.6% foreign bond and 0.0% convertible bond). Credit Suisse Strategic Income C has 2.9% of the portfolio in cash.
Assets Under Management
The fund has $50 million in total assets, which is below the $545 million average for the High Yield Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
CSOCX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Credit Suisse Strategic Income C expense ratio is high compared to funds in the High Yield Bond category. Credit Suisse Strategic Income C has an expense ratio of 1.79%, which is 95% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Credit Suisse Strategic Income C has a portfolio turnover rate of 56%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 72% for the High Yield Bond category.
Recently, in the month of July 2026, Credit Suisse Strategic Income C returned 0.2%, which earned it a grade of A, as the High Yield Bond category had an average return of -0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Credit Suisse Strategic Income C has a trailing yield of 6.00%, which is below the 6.28% category average. The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Credit Suisse Strategic Income C Grades
Year to date, the fund has returned 0.5%, 1.2 percentage points worse than the category, which translates into a grade of F. The fund has returned 1.8% over the past year (grade of F), 5.7% over the past three years (grade of F) and 3.7% per year over the past five years (grade of C) and 4.7% per year over the past 10 years (grade of C).
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CSOCX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| CSOCX Return (NAV) | 0.2% | 0.5% | 1.8% | 5.7% | 3.7% | 4.7% |
| CSOCX Grade | A | C | F | F | C | C |
| +/- Category | 0.4% | 0.0% | -3.1% | -1.8% | 0.0% | -0.1% |
| High Yield Bond Avg | -0.3% | 0.4% | 4.9% | 7.5% | 3.7% | 4.8% |
| CSOCX Tax Cost Ratio | na | na | 2.4% | 2.6% | 2.4% | 2.1% |
CSOCX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| CSOCX Return (NAV) | 0.5% | 4.5% | 7.7% | 13.0% | -6.7% | 4.4% | 3.7% | 9.0% | -1.8% | 7.2% | 12.8% |
| CSOCX Grade | F | F | C | B | A | D | D | F | B | B | D |
| +/- Category | -1.2% | -3.4% | 0.1% | 1.1% | 3.3% | -0.7% | -1.5% | -4.0% | 0.8% | 0.5% | -0.6% |
| High Yield Bond Avg | 1.6% | 7.9% | 7.6% | 11.9% | -10.0% | 5.1% | 5.2% | 13.0% | -2.7% | 6.7% | 13.4% |
| Risk Measures | |
| Standard Deviation: | 2.9% |
| Total Risk Index: | 0.23 - Low |
| Category Risk Index: | 0.71 - Low |
| Category Risk Grade: | A (8% Rank) |
| Beta: | 0.31 |
| R-Squared: | 39% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Small-Cap Value |
| Bond Investment Style: | Low Quality Limited Sensitivity |
| Yield: | 6.0% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $1153 Mil |
| Fund Total Assets: | $ 51 Mil |
| Share Class Type: | C |
| Portfolio Turnover: | 56% |
Management Team
| Number of Managers: 6 | |||
| Longest Tenure: 13.9 years | |||
| Average Tenure: 11.3 years | |||
| Managers (Year): Popp John (2012), Marshak Andrew (2012), Farano Louis (2012), Chan Wing (2012), Mechlin David (2019), Shedroff Joshua (2021) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 546 |
| % in Top 10 Holdings: | 7.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 21.6% |
Portfolio Allocation |
|
| Domestic Stock: | 0.1% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 75.4% |
| Foreign Bond: | 21.6% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.9% |
Purchase Information
| Fund Family: | UBS |
| Phone Number: | 877-870-2874 |
| Website: | www.credit-suisse.com/us |
| Status: | Open |
| Inception Date: | September 28, 2012 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $ 500 |
| True No-Load: | No |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 1.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 1.00% |
Expenses and Fees | |
| Expense Ratio (%): | 1.79% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.92% |
| Share Class: | Credit Suisse Strategic Income I |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 100 |
