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REML (Credit Suisse X-Links Monthly Pay 2xLeveraged Mortgage REIT ETN) is no longer actively trading.
This usually means the fund has been liquidated, merged into another product, or its ticker has been retired. Every price, valuation, dividend, and analyst figure on this page is frozen at the last available trading session and reads as historical reference — not a current-day signal.
The investment seeks to provide a monthly compounded 2x leveraged long exposure to the price return version of the FTSE NAREIT All Mortgage Capped Index (the "index"). The index measures the composite performance of tax-qualified U.S. mortgage real estate investment trusts ("Mortgage REITs") with more than 50% of total assets invested in mortgage loans or mortgage-backed securities secured by interests in real property that are listed on the New York Stock Exchange, the NYSE Arca or the NASDAQ National Market List (the "index constituents").
Is REML's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
REML is being called on December 27, 2021. It was the only 2x leveraged mREIT ETN. There are other leveraged ETNs that contain significant amounts of mREITs, such as MVRL and SMHB and have current yields above 15%.
Imagine a stock or fund that paid out its dividends once a month! Instead of quarterly, semi-annually or (ugh) annually, your anticipatory angst waiting for money is reduced by 300%, or more! These December U.S. exchange-traded monthly-paid (MoPay) dividends, upsides, and net-gains include: 1. Stocks by-yield (102); 2. Stocks by price-upside (30); 3. Closed-End-Investments, Exchange-Traded-Funds & Notes (CEICs/ETFs/ETNs) by-yield >6.99% (80).
REML's closing price of $6.30 is the lowest close since May 12, 2021. While much is unknown now about the Omicron variant, it does not appear that it poses any particular risk to the leveraged ETNs based on mREITs.
REML has been paying a monthly dividend that has been on a gradual uptrend for the past year. Other securities with current yields of 16%, have either severe credit risk, are extremely difficult to understand, widely varying distributions, or all three.
There is a good chance that the debt ceiling will not be addressed and a continuing resolution not enacted by October 1, 2021. Some are warning that failure to address the debt ceiling could cause the United States to default on its obligations and that could cause a financial market collapse.