Credit Suisse High Yield Bond Fund (Credit Suisse High Yield Bond Fund) GF Value Rank : 2 (As of Apr. 30, 2024)

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What is Credit Suisse High Yield Bond Fund GF Value Rank?

Credit Suisse High Yield Bond Fund has the GF Value Rank of 2.

The GF Value Rank is determined by the price-to-GF-Value (P/GF Value) ratio, a proprietary metric calculated based on historical multiples along with an adjustment factor based on a company's past returns and growth and future estimates of the business' performance.

GuruFocus found that for valuation, we cannot simply give stocks a better GF Value rank simply because they have a lower P/GF Value ratio. Backtesting shows that over the long term, the two worst-performing groups are the most expensive group (with the highest P/GF Value ratio) and the least expensive group (with the lowest P/GF Value ratio).

We can understand why the most expensive group underperforms. We were initially puzzled by the underperformance of the least expensive group, but we realized there is a reason why some stocks are super cheap. If they look too undervalued, it is often because the businesses behind them are poor quality. The market realized this and gave them low valuations. In a way, the market is efficient.

After multiple backtesting analyses, we granted the stocks in third-cheapest percentile the highest GF Value rank, as they have performed the best over a full market cycle. Stock performance is actually not as sensitive to valuation as it is to growth and profitability. On average, the companies in the 20%-50% valuation groups have similar performances. Therefore, we should avoid the most expensive and the least expensive stocks. We can be more tolerant of valuation.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Credit Suisse High Yield Bond Fund's GF Value Rank

For the Asset Management subindustry, Credit Suisse High Yield Bond Fund's GF Value Rank, along with its competitors' market caps and GF Value Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Credit Suisse High Yield Bond Fund's GF Value Rank Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Credit Suisse High Yield Bond Fund's GF Value Rank distribution charts can be found below:

* The bar in red indicates where Credit Suisse High Yield Bond Fund's GF Value Rank falls into.

Credit Suisse High Yield Bond Fund GF Value Rank Related Terms

Thank you for viewing the detailed overview of Credit Suisse High Yield Bond Fund's GF Value Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Credit Suisse High Yield Bond Fund (Credit Suisse High Yield Bond Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Credit Suisse High Yield Bond Fund (AMEX:DHY) » Definitions » GF Value Rank

Comparable Companies

Traded in Other Exchanges

N/A

Address

Eleven Madison Avenue, New York, NY, USA, 10010

Website

https://www.credit-suisse.com

Credit Suisse High Yield Bond Fund is a non-diversified, closed-end management investment company with the objective to seek high current income and capital appreciation as a secondary objective.

Executives

Laura A Defelice	other: Trustee	ONE MADISON AVENUE, NEW YORK NY 10010
Thomas J. Flannery	officer: Chief Investment Officer	ELEVEN MADISON AVENUE, NEW YORK NY 10010
Brandi Sinkovich	officer: Chief Compliance Officer	ELEVEN MADISON AVENUE, NEW YORK NY 10010
Samantha Kappagoda	other: Trustee	C/O CREDIT SUISSE ASSET MANAGEMENT, LLC, ELEVEN MADISON AVENUE, NEW YORK NY 10010
Rachael Inez Hoffman	officer: Chief Compliance Officer	11 MADISON AVENUE, NEW YORK NY 10010
Antonio Muinos	officer: Chief Compliance Officer	ELEVEN MADISON AVENUE, 9TH AVENUE, NEW YORK NY 10010
Jason Patrick Gossett	officer: Chief Compliance Officer	RALEIGH LT BUILDING, MORRISVILLE NC 27560
Omar Tariq	officer: CFO & Treasurer	ELEVEN MADISON AVENUE, NEW YORK NY 10010
Jeffrey E Garten	other: Trustee	AETNA INC., 151 FARMINGTON AVENUE, HARTFORD CT 06156
Mahendra R Gupta	officer: Chairman of Audit Committee, other: and Trustee	WASHINGTON UNIVERSITY CAMPUS BOX 1133, ONE BROOKINGS DRIVE, ST. LOUIS MO 63130-4899
Csam Americas Holding Corp.	other: Affiliate of InvestmentAdviser	ONE MADISON AVENUE, NEW YORK NY 10010
Terry Fires Bovarnick	director	C/O CREDIT SUISSE ASSET MANAGMENT, LLC, ELEVEN MADISON AVENUE, NEW YORK CITY NY 10010
Lawrence Joseph Fox	officer: Audit Committee Chairman &, other: Trustee	C/O ABERDEEN ASSET MANAGEMENT INC., 1735 MARKET STREET - 32ND FLOOR, PHILADELPHIA PA 19103
James Cattano	director	C/O ABERDEEN ASSET MANAGEMENT INC., 1735 MARKET STREET - 32ND FLOOR, PHILADELPHIA PA 19103
Steven N Rappaport	director	C/O ABERDEEN ASSET MANAGEMENT INC., 1735 MARKET STREET - 32ND FLOOR, PHILADELPHIA PA 19103

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