The construction of the Index originally used 3-month USD LIBOR. In connection with the discontinuation of such rate, Credit Suisse International ratified amendments to the index methodology (the customer notice can be found here). Following January 3, 2022, the Index methodology will use, as a replacement to 3-month USD LIBOR, the sum of (i) the Secured Overnight Financing Rate (SOFR) and (ii) a spread that will progress from 0.10% to 0.26% through June 30, 2023. Following July 3, 2023, the Index methodology will use the sum of (i) SOFR and (ii) a spread of 0.26%.

The Credit Suisse Retiree Balanced Index is a rules-based multi-asset index that offers exposure to sectors and industries that may benefit from increased spending driven by the rapidly aging U.S population. The Index implements a strategy that combines exposure to U.S. equities and fixed income and seeks to adapt to various market conditions.

Index At A Glance

  • Unique:
    An equity component informed by the spending habits of U.S. retirees* to capture the potential performance of sectors and industries which may benefit from the spending habits of the aging U.S population
  • Balanced:
    A multi-asset allocation diversified across equities and fixed income intended to benefit from opportunities in multiple market environments
  • Risk-Controlled:
    An annualized volatility target of 5% aimed at mitigating the impact of market fluctuations and generating consistent returns over time

Key Characteristics

Bloomberg Ticker CSEAREB5 <Index>
Category Dynamic Asset Allocation
Return Type Excess Return (it reflects the return of components net of the cost of funding)
Currency USD
Live Date July 30, 2020
Index Fees 0.5% p.a. deducted daily
Asset Class U.S. Multi-Asset

* Retirees are defined as U.S. people aged 65 and older.

Please refer to the Risk Factors for additional information on the Index.