NPORT-EX 2 NPORT_TH82_40095489_0124.htm FOR VALIDATION PURPOSES ONLY - [775849.TX]

Credit Suisse High Yield Bond Fund

Schedule of Investments

January 31, 2024 (unaudited)

 

Par
(000)
             

Ratings†
(S&P/Moody’s)

     Maturity        Rate%        Value  
                        
 

CORPORATE BONDS (100.6%)

 
 

Aerospace & Defense (0.8%)

 
$ 900       

Bombardier, Inc., Rule 144A, Senior Unsecured Notes
(Callable 02/01/26 @ 103.75)(1),(2)

     (B, B2)        02/01/29          7.500        $ 919,185  
  900       

Bombardier, Inc., Rule 144A, Senior Unsecured Notes
(Callable 11/15/26 @ 104.38)(1)

     (B, B2)        11/15/30          8.750          952,880  
                        

 

 

 
                             1,872,065  
                        

 

 

 
                        
 

Air Transportation (0.1%)

 
  400       

VistaJet Malta Finance PLC/Vista Management Holding, Inc., Rule 144A, Senior Unsecured Notes
(Callable 02/01/25 @ 103.19)(1),(2)

     (B-, B3)        02/01/30          6.375          285,832  
                        

 

 

 
                        
 

Auto Parts & Equipment (1.2%)

 
  600       

Adient Global Holdings Ltd., Rule 144A, Senior Secured Notes (Callable 04/15/25 @ 103.50)(1)

     (BBB-, Ba2)        04/15/28          7.000          613,916  
  2,080       

Clarios Global LP/Clarios U.S. Finance Co., Rule 144A, Company Guaranteed Notes
(Callable 03/04/24 @ 102.13)(1)

     (B-, B3)        05/15/27          8.500          2,091,960  
                        

 

 

 
                           2,705,876  
                        

 

 

 
                        
 

Automakers (0.1%)

 
  198       

Winnebago Industries, Inc., Rule 144A, Senior Secured Notes (Callable 03/04/24 @ 103.13)(1)

     (BB+, Ba3)        07/15/28          6.250          195,507  
                        

 

 

 
                        
 

Brokerage (1.1%)

 
  2,520       

StoneX Group, Inc., Rule 144A, Senior Secured Notes
(Callable 03/04/24 @ 102.16)(1)

     (BB-, Ba3)        06/15/25          8.625          2,548,564  
                        

 

 

 
                        
 

Building & Construction (2.2%)

 
  651       

Adams Homes, Inc., Rule 144A, Company Guaranteed Notes (Callable 02/16/24 @ 100.00)(1)

     (BB-, B2)        02/15/25          7.500          649,018  
      1,000       

MasTec, Inc., Rule 144A, Senior Unsecured Notes
(Callable 08/15/24 @ 103.31)(1)

     (BBB-, NR)        08/15/29          6.625          933,555  
  2,361       

Pike Corp., Rule 144A, Company Guaranteed Notes
(Callable 03/04/24 @ 102.75)(1)

     (B-, B3)        09/01/28          5.500          2,256,302  
  300       

Pike Corp., Rule 144A, Senior Unsecured Notes
(Callable 01/31/27 @ 104.31)(1)

     (B-, B3)        01/31/31          8.625          317,738  
  525       

TopBuild Corp., Rule 144A, Company Guaranteed Notes (Callable 03/15/24 @ 101.81)(1)

     (BB+, Ba2)        03/15/29          3.625          475,826  
  300       

TopBuild Corp., Rule 144A, Company Guaranteed Notes (Callable 10/15/26 @ 102.06)(1)

     (BB+, Ba2)        02/15/32          4.125          264,952  
                        

 

 

 
       4,897,391  
                        

 

 

 
                        
 

Building Materials (7.3%)

 
  1,125       

Advanced Drainage Systems, Inc., Rule 144A, Company Guaranteed Notes
(Callable 07/15/25 @ 103.19)(1)

     (BB-, Ba2)        06/15/30          6.375          1,135,283  
  300       

Builders FirstSource, Inc., Rule 144A, Company Guaranteed Notes (Callable 03/01/25 @ 102.50)(1)

     (BB-, Ba2)        03/01/30          5.000          287,912  
  1,200       

Builders FirstSource, Inc., Rule 144A, Company Guaranteed Notes (Callable 06/15/27 @ 103.19)(1)

     (BB-, Ba2)        06/15/32          6.375          1,224,611  
  1,750       

Eco Material Technologies, Inc., Rule 144A, Senior Secured Notes (Callable 03/04/24 @ 103.94)(1)

     (B, B2)        01/31/27          7.875          1,750,866  
  2,489       

Foundation Building Materials, Inc., Rule 144A, Company Guaranteed Notes
(Callable 03/04/24 @ 103.00)(1)

     (CCC+, Caa1)        03/01/29          6.000          2,189,636  
  1,000       

GYP Holdings III Corp., Rule 144A, Company Guaranteed Notes (Callable 05/01/24 @ 102.31)(1)

     (B, B1)        05/01/29          4.625          927,375  
  2,700       

Interface, Inc., Rule 144A, Company Guaranteed Notes (Callable 02/16/24 @ 102.75)(1)

     (B+, B1)        12/01/28          5.500          2,529,562  
  2,100       

Masonite International Corp., Rule 144A, Company Guaranteed Notes
(Callable 03/04/24 @ 101.34)(1)

     (BB+, Ba2)        02/01/28          5.375          2,040,076  
  1,754       

MIWD Holdco II LLC/MIWD Finance Corp., Rule 144A, Company Guaranteed Notes
(Callable 02/01/25 @ 102.75)(1)

     (B, B3)        02/01/30          5.500          1,594,377  
  1,750       

Oscar AcquisitionCo LLC/Oscar Finance, Inc., Rule 144A, Senior Unsecured Notes
(Callable 04/15/25 @ 104.75)(1),(2)

     (CCC+, Caa1)        04/15/30          9.500          1,695,572  
  700       

Park River Holdings, Inc., Rule 144A, Senior Unsecured Notes (Callable 08/01/24 @ 103.38)(1)

     (CCC, Caa2)        08/01/29          6.750          588,018  
  600       

Summit Materials LLC/Summit Materials Finance Corp., Rule 144A, Company Guaranteed Notes
(Callable 01/15/27 @ 103.63)(1)

     (BB+, Ba3)        01/15/31          7.250          624,410  
                        

 

 

 
       16,587,698  
                        

 

 

 

 

 

 

Credit Suisse High Yield Bond Fund

Schedule of Investments (continued)

January 31, 2024 (unaudited)

 

Par
(000)
             

Ratings†
(S&P/Moody’s)

     Maturity        Rate%        Value  
                        
 

CORPORATE BONDS (continued)

 
 

Cable & Satellite TV (3.1%)

 
$ 1,200       

Altice Financing SA, Rule 144A, Senior Secured Notes (Callable 03/04/24 @ 101.25)(1)

     (B, B3)        01/15/28          5.000        $ 1,078,045  
      1,315       

CSC Holdings LLC, Global Senior Unsecured Notes(2)

     (CCC+, Caa2)        06/01/24          5.250          1,314,285  
  525       

CSC Holdings LLC, Rule 144A, Company Guaranteed Notes (Callable 03/04/24 @ 101.83)(1)

     (B, B2)        04/15/27          5.500          472,234  
  750       

CSC Holdings LLC, Rule 144A, Company Guaranteed Notes (Callable 03/04/24 @ 101.34)(1)

     (B, B2)        02/01/28          5.375          645,198  
  900       

CSC Holdings LLC, Rule 144A, Company Guaranteed Notes (Callable 11/15/26 @ 102.25)(1)

     (B, B2)        11/15/31          4.500          646,712  
  1,800       

Sunrise FinCo I BV, Rule 144A, Senior Secured Notes (Callable 07/15/26 @ 102.44)(1)

     (BB-, B1)        07/15/31          4.875          1,585,926  
  1,400       

Telenet Finance Luxembourg Notes SARL, Rule 144A, Senior Secured Notes
(Callable 02/12/24 @ 101.38)(1)

     (BB-, Ba3)        03/01/28          5.500          1,332,376  
                        

 

 

 
                           7,074,776  
                        

 

 

 
                        
 

Chemicals (5.9%)

 
  300       

Avient Corp., Rule 144A, Senior Unsecured Notes
(Callable 03/04/24 @ 101.44)(1)

     (BB-, Ba3)        05/15/25          5.750          299,144  
  715       

Avient Corp., Rule 144A, Senior Unsecured Notes
(Callable 08/01/25 @ 103.56)(1)

     (BB-, Ba3)        08/01/30          7.125          734,017  
  900       

Axalta Coating Systems Dutch Holding B BV, Rule 144A, Company Guaranteed Notes
(Callable 11/15/26 @ 103.63)(1)

     (BB-, B1)        02/15/31          7.250          938,250  
  455       

HB Fuller Co., Global Senior Unsecured Notes
(Callable 03/04/24 @ 102.13)

     (BB-, Ba3)        10/15/28          4.250          424,317  
  950       

Herens Holdco SARL, Rule 144A, Senior Secured Notes (Callable 05/15/24 @ 102.38)(1)

     (B-, B2)        05/15/28          4.750          804,899  
  1,200       

Herens Midco SARL, Rule 144A, Company Guaranteed Notes (Callable 05/15/24 @ 102.63)(1),(3)

     (CCC, Caa2)        05/15/29          5.250          918,003  
  1,950       

INEOS Finance PLC, Rule 144A, Senior Secured Notes (Callable 02/15/25 @ 103.38)(1)

     (BB, Ba3)        05/15/28          6.750          1,909,101  
  600       

INEOS Quattro Finance 2 PLC, Rule 144A, Senior Secured Notes (Callable 11/15/25 @ 104.81)(1)

     (BB, Ba3)        03/15/29          9.625          631,500  
  525       

Olympus Water U.S. Holding Corp., Rule 144A, Senior Unsecured Notes
(Callable 10/01/24 @ 103.13)(1),(2)

     (CCC+, Caa2)        10/01/29          6.250          479,713  
  2,700       

Polar U.S. Borrower LLC/Schenectady International Group, Inc., Rule 144A, Senior Unsecured Notes
(Callable 03/04/24 @ 103.38)(1)

     (CCC-, Caa3)        05/15/26          6.750          637,578  
  1,800       

Tronox, Inc., Rule 144A, Company Guaranteed Notes
(Callable 03/15/24 @ 102.31)(1)

     (BB-, B1)        03/15/29          4.625          1,590,807  
  3,335       

Vibrantz Technologies, Inc., Rule 144A, Senior Unsecured Notes (Callable 02/15/25 @ 104.50)(1),(2)

     (CCC+, Caa2)        02/15/30          9.000          2,772,519  
  1,190       

WR Grace Holdings LLC, Rule 144A, Senior Secured Notes (Callable 03/01/26 @ 103.69)(1)

     (B-, B1)        03/01/31          7.375          1,211,890  
                        

 

 

 
                             13,351,738  
                        

 

 

 
                        
 

Consumer/Commercial/Lease Financing (1.0%)

 
  2,400       

Cargo Aircraft Management, Inc., Rule 144A, Company Guaranteed Notes
(Callable 02/16/24 @ 101.19)(1)

     (BB, Ba2)        02/01/28          4.750          2,199,096  
                        

 

 

 
                        
 

Diversified Capital Goods (1.3%)

 
  2,025       

Atkore, Inc., Rule 144A, Senior Unsecured Notes
(Callable 06/01/26 @ 102.13)(1)

     (BB, Ba2)        06/01/31          4.250          1,787,609  
  750       

EnerSys, Rule 144A, Company Guaranteed Notes
(Callable 01/15/27 @ 103.31)(1)

     (BB+, Ba3)        01/15/32          6.625          760,875  
  337       

Vertiv Group Corp., Rule 144A, Senior Secured Notes (Callable 11/15/24 @ 102.06)(1)

     (BB, Ba3)        11/15/28          4.125          312,940  
                        

 

 

 
                           2,861,424  
                        

 

 

 
                        
 

Electronics (1.3%)

 
  2,000       

Entegris Escrow Corp., Rule 144A, Senior Secured Notes (Callable 01/15/29 @ 100.00)(1)

     (BB, Baa3)        04/15/29          4.750          1,911,931  
  1,200       

Synaptics, Inc., Rule 144A, Company Guaranteed Notes (Callable 06/15/24 @ 102.00)(1)

     (B+, Ba3)        06/15/29          4.000          1,067,638  
                        

 

 

 
                           2,979,569  
                        

 

 

 

 

 

 

Credit Suisse High Yield Bond Fund

Schedule of Investments (continued)

January 31, 2024 (unaudited)

 

Par
(000)
             

Ratings†
(S&P/Moody’s)

     Maturity        Rate%        Value  
                        
 

CORPORATE BONDS (continued)

 
 

Energy - Exploration & Production (4.2%)

 
$ 650       

Civitas Resources, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/01/25 @ 104.19)(1)

     (BB-, B1)        07/01/28          8.375        $ 684,901  
  650       

Civitas Resources, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/01/26 @ 104.38)(1)

     (BB-, B1)        07/01/31          8.750          692,097  
  62       

CNX Resources Corp., Rule 144A, Company Guaranteed Notes (Callable 03/04/24 @ 103.63)(1)

     (BB, B1)        03/14/27          7.250          62,288  
  800       

CNX Resources Corp., Rule 144A, Company Guaranteed Notes (Callable 03/04/24 @ 104.50)(1)

     (BB, B1)        01/15/29          6.000          773,724  
      2,775       

CQP Holdco LP/BIP-V Chinook Holdco LLC, Rule 144A, Senior Secured Notes
(Callable 12/15/28 @ 103.75)(1)

     (BB, B1)        12/15/33          7.500          2,854,052  
  300       

Matador Resources Co., Rule 144A, Company Guaranteed Notes (Callable 04/15/25 @ 103.44)(1)

     (BB-, B1)        04/15/28          6.875          307,431  
  2,515       

Northern Oil & Gas, Inc., Rule 144A, Senior Unsecured Notes (Callable 03/04/24 @ 104.06)(1)

     (B+, B2)        03/01/28          8.125          2,555,770  
  1,080       

Rockcliff Energy II LLC, Rule 144A, Senior Unsecured Notes (Callable 10/15/24 @ 102.75)(1)

     (B+, B3)        10/15/29          5.500          1,004,517  
  300       

Talos Production, Inc., Rule 144A, Secured Notes
(Callable 02/01/26 @ 104.50)(1)

     (BB-, B3)        02/01/29          9.000          304,288  
  300       

Talos Production, Inc., Rule 144A, Secured Notes
(Callable 02/01/27 @ 104.69)(1)

     (BB-, B3)        02/01/31          9.375          307,095  
                        

 

 

 
                           9,546,163  
                        

 

 

 
                        
 

Environmental (0.9%)

 
  1,200       

Darling Ingredients, Inc., Rule 144A, Company Guaranteed Notes (Callable 06/15/25 @ 103.00)(1)

     (BB+, Ba2)        06/15/30          6.000          1,193,841  
  900       

GFL Environmental, Inc., Rule 144A, Senior Secured Notes (Callable 01/15/27 @ 103.38)(1)

     (BB-, Ba3)        01/15/31          6.750          921,332  
                        

 

 

 
                           2,115,173  
                        

 

 

 
                        
 

Food - Wholesale (0.5%)

 
  1,150       

U.S. Foods, Inc., Rule 144A, Company Guaranteed Notes (Callable 06/01/25 @ 102.31)(1)

     (BB-, B2)        06/01/30          4.625          1,071,724  
                        

 

 

 
                        
 

Gaming (1.3%)

 
  500       

Boyd Gaming Corp., Rule 144A, Company Guaranteed Notes (Callable 06/15/26 @ 102.38)(1)

     (BB, B1)        06/15/31          4.750          461,142  
  600       

Caesars Entertainment, Inc., Rule 144A, Senior Secured Notes (Callable 02/15/26 @ 103.50)(1)

     (B+, Ba3)        02/15/30          7.000          618,518  
  600       

Caesars Entertainment, Inc., Rule 144A, Senior Secured Notes (Callable 02/15/27 @ 103.25)(1)

     (B+, Ba3)        02/15/32          6.500          607,487  
  332       

Churchill Downs, Inc., Rule 144A, Company Guaranteed Notes (Callable 03/04/24 @ 101.58)(1)

     (B+, B1)        01/15/28          4.750          316,448  
  900       

Jacobs Entertainment, Inc., Rule 144A, Senior Unsecured Notes (Callable 02/15/25 @ 103.38)(1)

     (B, B2)        02/15/29          6.750          824,131  
                        

 

 

 
                             2,827,726  
                        

 

 

 
                        
 

Gas Distribution (4.8%)

 
  1,500       

CNX Midstream Partners LP, Rule 144A, Company Guaranteed Notes
(Callable 04/15/25 @ 102.38)(1)

     (BB, B1)        04/15/30          4.750          1,308,384  
  286       

Genesis Energy LP/Genesis Energy Finance Corp., Company Guaranteed Notes
(Callable 03/04/24 @ 100.00)

     (B, B3)        05/15/26          6.250          284,906  
  429       

Genesis Energy LP/Genesis Energy Finance Corp., Global Company Guaranteed Notes
(Callable 04/15/26 @ 104.44)

     (B, B3)        04/15/30          8.875          449,128  
  450       

Global Partners LP/GLP Finance Corp., Rule 144A, Company Guaranteed Notes
(Callable 01/15/27 @ 104.13)(1)

     (B+, B2)        01/15/32          8.250          459,656  
  1,800       

Hess Midstream Operations LP, Rule 144A, Company Guaranteed Notes
(Callable 03/04/24 @ 102.56)(1)

     (BB+, Ba2)        06/15/28          5.125          1,747,633  
  600       

Hess Midstream Operations LP, Rule 144A, Company Guaranteed Notes
(Callable 10/15/25 @ 102.75)(1)

     (BB+, Ba2)        10/15/30          5.500          586,464  
  600       

HF Sinclair Corp., Rule 144A, Senior Unsecured Notes
(Callable 04/15/24 @ 103.19)(1)

     (BBB-, Baa3)        04/15/27          6.375          604,879  
  1,750       

New Fortress Energy, Inc., Rule 144A, Senior Secured Notes (Callable 03/04/24 @ 103.25)(1)

     (BB, B1)        09/30/26          6.500          1,696,109  
  2,070       

Rockies Express Pipeline LLC, Rule 144A, Senior Unsecured Notes
(Callable 04/15/29 @ 100.00)(1)

     (BB+, Ba2)        07/15/29          4.950          1,981,559  

 

 

 

Credit Suisse High Yield Bond Fund

Schedule of Investments (continued)

January 31, 2024 (unaudited)

 

Par
(000)
             

Ratings†
(S&P/Moody’s)

     Maturity        Rate%        Value  
                        
 

CORPORATE BONDS (continued)

 
 

Gas Distribution (continued)

 
$ 915       

Rockies Express Pipeline LLC, Rule 144A, Senior Unsecured Notes
(Callable 02/15/30 @ 100.00)(1)

     (BB+, Ba2)        05/15/30          4.800        $ 855,523  
  750       

Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp., Rule 144A, Senior Unsecured Notes
(Callable 02/15/26 @ 103.69)(1)

     (BB-, B1)        02/15/29          7.375          749,119  
                        

 

 

 
                            10,723,360  
                        

 

 

 
                        
 

Health Facility (0.5%)

 
  1,200       

Option Care Health, Inc., Rule 144A, Company Guaranteed Notes
(Callable 10/31/24 @ 102.19)(1)

     (B, B2)        10/31/29          4.375          1,102,258  
                        

 

 

 
                        
 

Health Services (1.8%)

 
  757       

AMN Healthcare, Inc., Rule 144A, Company Guaranteed Notes (Callable 04/15/24 @ 102.00)(1)

     (BB-, Ba3)        04/15/29          4.000          684,392  
      2,400       

AthenaHealth Group, Inc., Rule 144A, Senior Unsecured Notes (Callable 02/15/25 @ 103.25)(1)

     (CCC, Caa2)        02/15/30          6.500          2,160,781  
  1,269       

Pediatrix Medical Group, Inc., Rule 144A, Company Guaranteed Notes
(Callable 02/15/25 @ 102.69)(1),(2)

     (BB-, Ba3)        02/15/30          5.375          1,144,245  
                        

 

 

 
                           3,989,418  
                        

 

 

 
                        
 

Hotels (0.3%)

 
  600       

Raising Cane’s Restaurants LLC, Rule 144A, Senior Unsecured Notes
(Callable 11/01/25 @ 104.69)(1)

     (B, B3)        05/01/29          9.375          646,289  
                        

 

 

 
                        
 

Insurance Brokerage (4.9%)

 
  1,000       

Acrisure LLC/Acrisure Finance, Inc., Rule 144A, Senior Unsecured Notes
(Callable 03/04/24 @ 105.06)(1)

     (CCC+, Caa2)        08/01/26          10.125          1,042,103  
  755       

Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, Rule 144A, Senior Secured Notes
(Callable 01/15/27 @ 103.50)(1)

     (B, B2)        01/15/31          7.000          763,573  
  720       

Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, Rule 144A, Senior Secured Notes
(Callable 04/15/25 @ 103.38)(1)

     (B, B2)        04/15/28          6.750          727,189  
  893       

GTCR AP Finance, Inc., Rule 144A, Senior Unsecured Notes (Callable 03/04/24 @ 102.00)(1)

     (CCC+, Caa2)        05/15/27          8.000          894,288  
  900       

Jones Deslauriers Insurance Management, Inc., Rule 144A, Senior Secured Notes
(Callable 03/15/26 @ 104.25)(1)

     (B-, B2)        03/15/30          8.500          934,448  
  1,500       

Jones Deslauriers Insurance Management, Inc., Rule 144A, Senior Unsecured Notes
(Callable 12/15/25 @ 105.25)(1)

     (CCC, Caa2)        12/15/30          10.500          1,574,479  
  4,055       

NFP Corp., Rule 144A, Senior Unsecured Notes
(Callable 03/04/24 @ 103.44)(1)

     (CCC+, Caa2)        08/15/28          6.875          4,068,523  
  1,200       

Ryan Specialty LLC, Rule 144A, Senior Secured Notes
(Callable 02/01/25 @ 102.19)(1)

     (BB-, B1)        02/01/30          4.375          1,114,030  
                        

 

 

 
                           11,118,633  
                        

 

 

 
                        
 

Investments & Misc. Financial Services (4.2%)

 
  3,150       

Armor Holdco, Inc., Rule 144A, Company Guaranteed Notes (Callable 11/15/24 @ 104.25)(1)

     (CCC+, Caa1)        11/15/29          8.500          2,947,646  
  1,450       

Compass Group Diversified Holdings LLC, Rule 144A, Company Guaranteed Notes
(Callable 04/15/24 @ 102.63)(1)

     (B+, B1)        04/15/29          5.250          1,376,227  
  1,150       

Compass Group Diversified Holdings LLC, Rule 144A, Senior Unsecured Notes
(Callable 01/15/27 @ 102.50)(1)

     (B+, B1)        01/15/32          5.000          1,035,815  
  2,400       

GTCR W-2 Merger Sub LLC, Rule 144A, Senior Secured Notes (Callable 01/15/27 @ 103.75)(1)

     (BB, Ba3)        01/15/31          7.500          2,518,728  
  600       

Paysafe Finance PLC/Paysafe Holdings U.S. Corp., Rule 144A, Senior Secured Notes
(Callable 06/15/24 @ 102.00)(1),(2)

     (B, B2)        06/15/29          4.000          535,756  
  1,200       

Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc., Rule 144A, Company Guaranteed Notes
(Callable 03/04/24 @ 101.16)(1)

     (NR, Ba3)        11/01/26          4.625          1,171,692  
                        

 

 

 
                           9,585,864  
                        

 

 

 
                        
 

Machinery (3.5%)

 
  2,150       

Arcosa, Inc., Rule 144A, Company Guaranteed Notes
(Callable 04/15/24 @ 102.19)(1)

     (BB, Ba2)        04/15/29          4.375          2,007,930  
  1,595       

ATS Corp., Rule 144A, Company Guaranteed Notes
(Callable 03/04/24 @ 102.06)(1)

     (BB, B2)        12/15/28          4.125          1,449,623  
  2,100       

Dornoch Debt Merger Sub, Inc., Rule 144A, Senior Unsecured Notes
(Callable 10/15/24 @ 103.31)(1)

     (CCC, Caa2)        10/15/29          6.625          1,920,679  
  635       

Enviri Corp., Rule 144A, Company Guaranteed Notes
(Callable 03/04/24 @ 101.44)(1)

     (B, B3)        07/31/27          5.750          597,522  

 

 

 

Credit Suisse High Yield Bond Fund

Schedule of Investments (continued)

January 31, 2024 (unaudited)

 

Par
(000)
             

Ratings†
(S&P/Moody’s)

     Maturity        Rate%        Value  
                        
 

CORPORATE BONDS (continued)

 
 

Machinery (continued)

 
$ 374       

Hillenbrand, Inc., Global Company Guaranteed Notes
(Callable 02/12/24 @ 101.44)

     (BB+, Ba1)        06/15/25          5.750        $ 372,446  
  500       

Regal Rexnord Corp., Rule 144A, Company Guaranteed Notes (Callable 12/15/29 @ 100.00)(1)

     (BB+, Baa3)        02/15/30          6.300          513,787  
      1,100       

Regal Rexnord Corp., Rule 144A, Company Guaranteed Notes (Callable 01/15/33 @ 100.00)(1)

     (BB+, Baa3)        04/15/33          6.400          1,142,861  
                        

 

 

 
                           8,004,848  
                        

 

 

 
                        
 

Managed Care (0.3%)

 
  750       

HealthEquity, Inc., Rule 144A, Company Guaranteed Notes (Callable 10/01/24 @ 102.25)(1)

     (B+, B2)        10/01/29          4.500          698,329  
                        

 

 

 
                        
 

Media - Diversified (0.1%)

 
  300       

News Corp., Rule 144A, Company Guaranteed Notes
(Callable 02/15/27 @ 102.56)(1)

     (BB+, Ba1)        02/15/32          5.125          282,152  
                        

 

 

 
                        
 

Media Content (0.6%)

 
  1,500       

Sirius XM Radio, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/01/24 @ 102.75)(1)

     (BB, Ba3)        07/01/29          5.500          1,431,330  
                        

 

 

 
                        
 

Metals & Mining - Excluding Steel (5.9%)

 
  1,200       

Alcoa Nederland Holding BV, Rule 144A, Company Guaranteed Notes
(Callable 03/04/24 @ 102.75)(1)

     (BB+, Baa3)        12/15/27          5.500          1,182,197  
  375       

Canpack SA/Canpack U.S. LLC, Rule 144A, Company Guaranteed Notes
(Callable 11/15/24 @ 101.94)(1)

     (BB-, NR)        11/15/29          3.875          330,487  
  2,700       

ERO Copper Corp., Rule 144A, Company Guaranteed Notes (Callable 02/15/25 @ 103.25)(1)

     (B, B1)        02/15/30          6.500          2,466,558  
  300       

First Quantum Minerals Ltd., Rule 144A, Company Guaranteed Notes
(Callable 02/12/24 @ 100.00)(1)

     (B, WR)        04/01/25          7.500          295,611  
  2,150       

First Quantum Minerals Ltd., Rule 144A, Company Guaranteed Notes
(Callable 02/12/24 @ 101.72)(1)

     (B, NR)        03/01/26          6.875          2,049,851  
  600       

First Quantum Minerals Ltd., Rule 144A, Company Guaranteed Notes
(Callable 06/01/26 @ 104.31)(1)

     (B, NR)        06/01/31          8.625          557,250  
  600       

Kaiser Aluminum Corp., Rule 144A, Company Guaranteed Notes
(Callable 03/04/24 @ 101.16)(1)

     (BB-, B2)        03/01/28          4.625          553,711  
  1,200       

Kaiser Aluminum Corp., Rule 144A, Company Guaranteed Notes
(Callable 06/01/26 @ 102.25)(1)

     (BB-, B2)        06/01/31          4.500          1,026,027  
  182       

Novelis Corp., Rule 144A, Company Guaranteed Notes (Callable 01/30/25 @ 102.38)(1)

     (BB, Ba3)        01/30/30          4.750          169,068  
  2,592       

SunCoke Energy, Inc., Rule 144A, Senior Secured Notes (Callable 06/30/24 @ 102.44)(1)

     (BB, B1)        06/30/29          4.875          2,343,472  
  2,325       

Taseko Mines Ltd., Rule 144A, Senior Secured Notes
(Callable 03/04/24 @ 101.75)(1),(2)

     (B-, B3)        02/15/26          7.000          2,286,405  
                        

 

 

 
                             13,260,637  
                        

 

 

 
                        
 

Non - Electric Utilities (0.2%)

 
  471       

Suburban Propane Partners LP/Suburban Energy Finance Corp., Rule 144A, Senior Unsecured Notes
(Callable 06/01/26 @ 102.50)(1)

     (BB-, B1)        06/01/31          5.000          419,661  
                        

 

 

 
                        
 

Packaging (4.3%)

 
  690       

Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC, Rule 144A, Senior Unsecured Notes
(Callable 05/15/24 @ 101.50)(1),(3)

     (B, Caa1)        09/01/29          3.000          589,017  
  600       

Ball Corp., Global Company Guaranteed Notes
(Callable 11/15/24 @ 103.44)

     (BB+, Ba1)        03/15/28          6.875          620,506  
  622       

Chart Industries, Inc., Rule 144A, Senior Secured Notes (Callable 01/01/26 @ 103.75)(1)

     (B+, Ba3)        01/01/30          7.500          640,923  
  600       

Intelligent Packaging Ltd. Finco, Inc./Intelligent Packaging Ltd. Co-Issuer LLC, Rule 144A, Senior Secured Notes
(Callable 03/04/24 @ 101.50)(1)

     (B-, B3)        09/15/28          6.000          565,621  
  2,550       

Mauser Packaging Solutions Holding Co., Rule 144A, Senior Secured Notes
(Callable 08/15/24 @ 103.94)(1)

     (B, B2)        08/15/26          7.875          2,581,788  
  418       

Owens-Brockway Glass Container, Inc., Rule 144A, Company Guaranteed Notes
(Callable 05/15/26 @ 103.63)(1)

     (B+, B2)        05/15/31          7.250          423,747  
  1,500       

Trident TPI Holdings, Inc., Rule 144A, Company Guaranteed Notes
(Callable 12/31/25 @ 106.38)(1)

     (CCC+, Caa2)        12/31/28          12.750          1,601,760  

 

 

 

Credit Suisse High Yield Bond Fund

Schedule of Investments (continued)

January 31, 2024 (unaudited)

 

Par
(000)
             

Ratings†
(S&P/Moody’s)

     Maturity        Rate%        Value  
                        
 

CORPORATE BONDS (continued)

 
 

Packaging (continued)

 
$ 3,060       

TriMas Corp., Rule 144A, Company Guaranteed Notes (Callable 04/15/24 @ 102.06)(1)

     (BB-, Ba3)        04/15/29          4.125        $ 2,727,626  
                        

 

 

 
                           9,750,988  
                        

 

 

 
                        
 

Personal & Household Products (1.9%)

 
      2,400       

MajorDrive Holdings IV LLC, Rule 144A, Senior Unsecured Notes
(Callable 06/01/24 @ 103.19)(1)

     (CCC+, Caa2)        06/01/29          6.375          2,033,834  
  2,100       

Verde Purchaser LLC, Rule 144A, Senior Secured Notes (Callable 11/30/26 @ 105.25)(1)

     (B+, B2)        11/30/30          10.500          2,171,169  
                        

 

 

 
                           4,205,003  
                        

 

 

 
                        
 

Pharmaceuticals (0.2%)

 
  1,064       

Emergent BioSolutions, Inc., Rule 144A, Company Guaranteed Notes
(Callable 03/04/24 @ 101.94)(1)

     (CCC+, Caa3)        08/15/28          3.875          398,196  
                        

 

 

 
                        
 

Real Estate Investment Trusts (1.6%)

 
  1,761       

Global Net Lease, Inc./Global Net Lease Operating Partnership LP, Rule 144A, Company Guaranteed Notes (Callable 09/15/27 @ 100.00)(1)

     (BBB-, WR)        12/15/27          3.750          1,494,513  
  300       

Starwood Property Trust, Inc., Rule 144A, Senior Unsecured Notes
(Callable 01/15/26 @ 100.00)(1)

     (BB-, Ba3)        07/15/26          3.625          277,822  
  2,100       

Starwood Property Trust, Inc., Rule 144A, Senior Unsecured Notes
(Callable 07/15/26 @ 100.00)(1)

     (BB-, Ba3)        01/15/27          4.375          1,944,317  
                        

 

 

 
                           3,716,652  
                        

 

 

 
                        
 

Recreation & Travel (3.3%)

 
  2,100       

Boyne USA, Inc., Rule 144A, Senior Unsecured Notes (Callable 05/15/24 @ 102.38)(1)

     (B, B1)        05/15/29          4.750          1,916,568  
  747       

SeaWorld Parks & Entertainment, Inc., Rule 144A, Company Guaranteed Notes
(Callable 08/15/24 @ 102.63)(1)

     (B, B2)        08/15/29          5.250          699,323  
  450       

SeaWorld Parks & Entertainment, Inc., Rule 144A, Senior Secured Notes
(Callable 03/04/24 @ 102.19)(1)

     (BB, WR)        05/01/25          8.750          452,542  
  2,538       

Six Flags Entertainment Corp., Rule 144A, Company Guaranteed Notes
(Callable 05/15/26 @ 103.63)(1)

     (B, B3)        05/15/31          7.250          2,590,397  
  1,935       

Speedway Motorsports LLC/Speedway Funding II, Inc., Rule 144A, Senior Unsecured Notes
(Callable 03/04/24 @ 101.22)(1)

     (BB, B2)        11/01/27          4.875          1,828,991  
                        

 

 

 
                           7,487,821  
                        

 

 

 
                        
 

Restaurants (0.2%)

 
  376       

Yum! Brands, Inc., Global Senior Unsecured Notes
(Callable 04/01/27 @ 102.69)

     (BB, Ba3)        04/01/32          5.375          366,185  
                        

 

 

 
                        
 

Software - Services (6.6%)

 
  2,550       

Elastic NV, Rule 144A, Senior Unsecured Notes
(Callable 07/15/24 @ 102.06)(1)

     (B+, B1)        07/15/29          4.125          2,315,927  
  2,075       

Newfold Digital Holdings Group, Inc., Rule 144A, Senior Unsecured Notes
(Callable 03/04/24 @ 103.00)(1)

     (CCC+, Caa2)        02/15/29          6.000          1,570,941  
  945       

Open Text Corp., Rule 144A, Company Guaranteed Notes (Callable 12/01/24 @ 101.94)(1)

     (BB-, Ba3)        12/01/29          3.875          853,160  
  1,200       

Open Text Corp., Rule 144A, Senior Secured Notes
(Callable 11/01/27 @ 100.00)(1)

     (BBB-, Ba1)        12/01/27          6.900          1,244,820  
  1,250       

Open Text Holdings, Inc., Rule 144A, Company Guaranteed Notes
(Callable 12/01/26 @ 102.06)(1)

     (BB-, Ba3)        12/01/31          4.125          1,106,050  
  1,462       

Presidio Holdings, Inc., Rule 144A, Company Guaranteed Notes (Callable 03/04/24 @ 102.06)(1)

     (CCC+, Caa1)        02/01/28          8.250          1,450,387  
  1,200       

UKG, Inc., Rule 144A, Senior Secured Notes
(Callable 02/01/27 @ 103.44)(1)

     (B-, B2)        02/01/31          6.875          1,215,000  
  4,060       

Virtusa Corp., Rule 144A, Senior Unsecured Notes
(Callable 03/04/24 @ 103.56)(1)

     (CCC+, Caa1)        12/15/28          7.125          3,569,552  
  1,014       

VT Topco, Inc., Rule 144A, Senior Secured Notes
(Callable 08/15/26 @ 104.25)(1)

     (B, B2)        08/15/30          8.500          1,051,584  
  600       

ZoomInfo Technologies LLC/ZoomInfo Finance Corp., Rule 144A, Company Guaranteed Notes
(Callable 02/12/24 @ 101.94)(1)

     (B+, B1)        02/01/29          3.875          533,543  
                        

 

 

 
                             14,910,964  
                        

 

 

 
                        

 

 

 

Credit Suisse High Yield Bond Fund

Schedule of Investments (continued)

January 31, 2024 (unaudited)

 

Par
(000)
             

Ratings†
(S&P/Moody’s)

     Maturity        Rate%        Value  
                        
 

CORPORATE BONDS (continued)

 
 

Specialty Retail (4.3%)

 
$ 61       

Asbury Automotive Group, Inc., Global Company Guaranteed Notes
(Callable 02/12/24 @ 102.25)

     (BB, B1)        03/01/28          4.500        $ 57,400  
  733       

Asbury Automotive Group, Inc., Global Company Guaranteed Notes
(Callable 03/01/25 @ 102.38)

     (BB, B1)        03/01/30          4.750          679,560  
  300       

Asbury Automotive Group, Inc., Rule 144A, Company Guaranteed Notes
(Callable 11/15/24 @ 102.31)(1)

     (BB, B1)        11/15/29          4.625          277,136  
  300       

Asbury Automotive Group, Inc., Rule 144A, Company Guaranteed Notes
(Callable 11/15/26 @ 102.50)(1)

     (BB, B1)        02/15/32          5.000          271,355  
  77       

Eagle Intermediate Global Holding BV/Eagle U.S. Finance LLC, Rule 144A, Senior Secured Notes
(Callable 02/12/24 @ 101.88)(1),(4),(5)

     (NR, Caa3)        05/01/25          7.500          50,242  
      2,800       

Eagle Intermediate Global Holding BV/Eagle U.S. Finance LLC, Rule 144A, Senior Secured Notes
(Callable 02/12/24 @ 101.88)(1)

     (NR, Caa3)        05/01/25          7.500          1,863,268  
  102       

Eagle Intermediate Global Holding BV/Ruyi U.S. Finance LLC (4),(5)

     (NR, NR)        05/01/25          0.000          57,945  
  900       

Group 1 Automotive, Inc., Rule 144A, Company Guaranteed Notes
(Callable 03/04/24 @ 102.00)(1)

     (BB+, Ba2)        08/15/28          4.000          825,145  
  900       

LCM Investments Holdings II LLC, Rule 144A, Senior Unsecured Notes
(Callable 05/01/24 @ 102.44)(1)

     (B+, B2)        05/01/29          4.875          811,897  
  1,200       

LCM Investments Holdings II LLC, Rule 144A, Senior Unsecured Notes
(Callable 08/01/26 @ 104.13)(1)

     (B+, B2)        08/01/31          8.250          1,232,238  
  600       

Murphy Oil USA, Inc., Rule 144A, Company Guaranteed Notes (Callable 02/15/26 @ 101.88)(1)

     (BB+, Ba2)        02/15/31          3.750          521,472  
  1,725       

Sonic Automotive, Inc., Rule 144A, Company Guaranteed Notes (Callable 11/15/26 @ 102.44)(1)

     (BB-, B1)        11/15/31          4.875          1,512,209  
  1,100       

Sunoco LP/Sunoco Finance Corp., Rule 144A, Company Guaranteed Notes
(Callable 09/15/25 @ 103.50)(1)

     (BB, Ba3)        09/15/28          7.000          1,125,272  
  390       

Wand NewCo 3, Inc., Rule 144A, Senior Secured Notes
(Callable 01/30/27 @ 103.81)(1)

     (B, B3)        01/30/32          7.625          403,319  
                        

 

 

 
                           9,688,458  
                        

 

 

 
                        
 

Steel Producers/Products (1.7%)

 
  1,050       

ATI, Inc., Senior Unsecured Notes
(Callable 08/15/26 @ 103.63)

     (B+, B1)        08/15/30          7.250          1,081,436  
  3,295       

TMS International Corp., Rule 144A, Senior Unsecured Notes (Callable 04/15/24 @ 103.13)(1)

     (B, Caa1)        04/15/29          6.250          2,833,488  
                        

 

 

 
                           3,914,924  
                        

 

 

 
                        
 

Support - Services (10.1%)

 
  1,821       

Allied Universal Holdco LLC/Allied Universal Finance Corp., Rule 144A, Senior Unsecured Notes
(Callable 03/04/24 @ 102.44)(1)

     (CCC+, Caa2)        07/15/27          9.750          1,786,311  
  1,950       

Allied Universal Holdco LLC/Allied Universal Finance Corp., Rule 144A, Senior Unsecured Notes
(Callable 06/01/24 @ 103.00)(1),(2)

     (CCC+, Caa2)        06/01/29          6.000          1,621,113  
  600       

ASGN, Inc., Rule 144A, Company Guaranteed Notes
(Callable 03/04/24 @ 102.31)(1)

     (BB-, Ba3)        05/15/28          4.625          567,981  
  3,600       

CoreLogic, Inc., Rule 144A, Senior Secured Notes
(Callable 05/01/24 @ 102.25)(1)

     (B-, B2)        05/01/28          4.500          3,172,068  
  3,365       

GEMS MENASA Cayman Ltd./GEMS Education Delaware LLC, Rule 144A, Senior Secured Notes
(Callable 03/04/24 @ 101.78)(1)

     (B, B2)        07/31/26          7.125          3,337,837  
  2,035       

H&E Equipment Services, Inc., Rule 144A, Company Guaranteed Notes
(Callable 03/04/24 @ 101.94)(1)

     (BB-, B1)        12/15/28          3.875          1,850,827  
  900       

United Rentals North America, Inc., Rule 144A, Senior Secured Notes
(Callable 12/15/25 @ 103.00)(1)

     (BBB-, Baa3)        12/15/29          6.000          912,876  
  1,650       

WESCO Distribution, Inc., Rule 144A, Company Guaranteed Notes
(Callable 03/04/24 @ 101.78)(1)

     (BB, Ba3)        06/15/25          7.125          1,660,926  
  750       

WESCO Distribution, Inc., Rule 144A, Company Guaranteed Notes
(Callable 03/04/24 @ 103.63)(1)

     (BB, Ba3)        06/15/28          7.250          771,561  
  1,821       

White Cap Buyer LLC, Rule 144A, Senior Unsecured Notes
(Callable 03/04/24 @ 103.44)(1)

     (CCC+, Caa1)        10/15/28          6.875            1,776,996  
  865       

Williams Scotsman, Inc., Rule 144A, Senior Secured Notes
(Callable 03/04/24 @ 102.31)(1)

     (BB-, B2)        08/15/28          4.625          813,718  
  300       

XPO, Inc., Rule 144A, Company Guaranteed Notes
(Callable 06/01/26 @ 103.56)(1)

     (BB-, Ba3)        06/01/31          7.125          306,989  
  600       

XPO, Inc., Rule 144A, Company Guaranteed Notes
(Callable 02/01/27 @ 103.56)(1)

     (BB-, Ba3)        02/01/32          7.125          612,047  
  1,555       

XPO, Inc., Rule 144A, Senior Secured Notes
(Callable 06/01/25 @ 103.13)(1)

     (BBB-, Ba1)        06/01/28          6.250          1,558,015  

 

 

 

Credit Suisse High Yield Bond Fund

Schedule of Investments (continued)

January 31, 2024 (unaudited)

 

Par
(000)
             

Ratings†
(S&P/Moody’s)

     Maturity        Rate%        Value  
                        
 

CORPORATE BONDS (continued)

 
 

Support – Services (continued)

 
$ 2,250       

ZipRecruiter, Inc., Rule 144A, Senior Unsecured Notes (Callable 01/15/25 @ 102.50)(1)

     (BB-, B2)        01/15/30          5.000        $ 2,006,016  
                        

 

 

 
                            22,755,281  
                        

 

 

 
                        
 

Tech Hardware & Equipment (1.5%)

 
      1,350       

CommScope Technologies LLC, Rule 144A, Company Guaranteed Notes
(Callable 02/12/24 @ 100.00)(1)

     (CCC-, Caa2)        06/15/25          6.000          1,072,406  
  510       

CommScope Technologies LLC, Rule 144A, Company Guaranteed Notes
(Callable 02/12/24 @ 101.67)(1)

     (CCC-, Caa2)        03/15/27          5.000          189,146  
  2,400       

Imola Merger Corp., Rule 144A, Senior Secured Notes
(Callable 05/15/24 @ 102.38)(1)

     (BB-, B1)        05/15/29          4.750          2,229,515  
                        

 

 

 
                           3,491,067  
                        

 

 

 
                        
 

Telecom - Wireline Integrated & Services (3.3%)

 
  2,785       

Altice France SA, Rule 144A, Senior Secured Notes
(Callable 03/04/24 @ 102.56)(1)

     (B-, B2)        01/15/29          5.125          2,057,709  
  300       

Altice France SA, Rule 144A, Senior Secured Notes
(Callable 04/15/24 @ 102.56)(1)

     (B-, B2)        07/15/29          5.125          220,294  
  300       

Altice France SA, Rule 144A, Senior Secured Notes
(Callable 10/15/24 @ 102.75)(1)

     (B-, B2)        10/15/29          5.500          221,613  
  1,800       

LCPR Senior Secured Financing DAC, Rule 144A, Senior Secured Notes
(Callable 03/04/24 @ 101.69)(1)

     (B+, B1)        10/15/27          6.750          1,749,911  
  300       

LCPR Senior Secured Financing DAC, Rule 144A, Senior Secured Notes
(Callable 07/15/24 @ 102.56)(1)

     (B+, B1)        07/15/29          5.125          263,379  
  600       

Level 3 Financing, Inc., Rule 144A, Company Guaranteed Notes (Callable 03/04/24 @ 102.13)(1),(4),(5)

     (CC, B3)        07/01/28          4.250          333,000  
  900       

Level 3 Financing, Inc., Rule 144A, Company Guaranteed Notes (Callable 02/12/24 @ 101.81)(1),(4),(5)

     (CC, B3)        01/15/29          3.625          472,500  
  1,000       

Virgin Media Secured Finance PLC, Rule 144A, Senior Secured Notes
(Callable 02/12/24 @ 101.25)(1),(6)

     (BB-, Ba3)        04/15/27          5.000          1,244,118  
  300       

Virgin Media Secured Finance PLC, Rule 144A, Senior Secured Notes
(Callable 08/15/25 @ 102.25)(1)

     (BB-, Ba3)        08/15/30          4.500          268,290  
  600       

Vmed O2 U.K. Financing I PLC, Rule 144A, Senior Secured Notes
(Callable 01/31/26 @ 102.13)(1)

     (BB-, Ba3)        01/31/31          4.250          525,171  
                        

 

 

 
                           7,355,985  
                        

 

 

 
                        
 

Theaters & Entertainment (1.2%)

 
  2,200       

Live Nation Entertainment, Inc., Rule 144A, Company Guaranteed Notes
(Callable 03/04/24 @ 100.00)(1)

     (B+, B2)        11/01/24          4.875          2,188,736  
  500       

Live Nation Entertainment, Inc., Rule 144A, Company Guaranteed Notes
(Callable 03/04/24 @ 102.38)(1)

     (B+, B2)        10/15/27          4.750          478,750  
                        

 

 

 
                           2,667,486  
                        

 

 

 
                        
 

Trucking & Delivery (1.0%)

 
  2,100       

RXO, Inc., Rule 144A, Company Guaranteed Notes
(Callable 11/15/24 @ 103.75)(1)

     (BB+, Baa3)        11/15/27          7.500          2,165,981  
                        

 

 

 
 

TOTAL CORPORATE BONDS (Cost $235,094,742)

         227,258,092  
                        

 

 

 
                        
 

BANK LOANS (21.8%)

 
 

Aerospace & Defense (1.2%)

 
  1,500       

Amentum Government Services Holdings LLC, 1 mo. USD Term SOFR + 8.750%(7)

     (NR, NR)        01/31/28          14.197          1,502,505  
  394       

Amentum Government Services Holdings LLC, 1 mo. USD Term SOFR + 4.000%(7)

     (B, B2)        02/15/29          9.337          394,739  
  710       

Peraton Corp., 3 mo. USD Term SOFR + 7.750%(7)

     (NR, NR)        02/01/29          13.222          710,489  
                        

 

 

 
                           2,607,733  
                        

 

 

 
                        
 

Auto Parts & Equipment (0.2%)

 
  500       

Jason Group, Inc., 1 mo. USD Term SOFR + 6.000%, 0.000% PIK(7),(8)

     (NR, WR)        08/28/25          11.447          446,396  
                        

 

 

 
                        
 

Building Materials (0.4%)

 
  794       

Cornerstone Building Brands, Inc., 1 mo. USD Term SOFR + 5.625%(7)

     (B, B2)        08/01/28          10.958          802,303  
                        

 

 

 

 

 

 

Credit Suisse High Yield Bond Fund

Schedule of Investments (continued)

January 31, 2024 (unaudited)

 

Par
(000)
             

Ratings†
(S&P/Moody’s)

     Maturity        Rate%        Value  
                        
 

BANK LOANS (continued)

 
 

Chemicals (0.8%)

 
$ 518       

Ascend Performance Materials Operations LLC, 3 mo. USD Term SOFR + 4.750%(7)

     (B+, Ba3)        08/27/26          10.318        $ 500,833  
      1,080       

Luxembourg Investment Co. 428 SARL(9),(10)

     (D, Caa2)        01/03/29          0.000          405,902  
  1,088       

Polar U.S. Borrower LLC, 3 mo. USD Term SOFR + 4.750%(7)

     (CCC, Caa1)        10/15/25          10.164          766,709  
  234       

Sk Neptune Husky Finance SARL, 3 mo. USD Term SOFR + 10.000%(5),(7)

     (NR, Caa2)        04/30/24          15.375          230,724  
                        

 

 

 
                             1,904,168  
                        

 

 

 
                        
 

Diversified Capital Goods (1.0%)

 
  1,239       

Dynacast International LLC, 3 mo. USD Term SOFR + 9.000%(7)

     (CCC-, Caa2)        10/22/25          14.488          893,144  
  1,484       

Electrical Components International, Inc., U.S. (Fed) Prime Rate + 7.500%(5),(7)

     (B-, B2)        06/26/25          16.000          1,469,606  
                        

 

 

 
                           2,362,750  
                        

 

 

 
                        
 

Electronics (1.0%)

 
  2,362       

Idemia Group, 3 mo. USD Term SOFR + 4.750%(7)

     (B, B2)        09/30/28          10.098          2,370,896  
                        

 

 

 
                        
 

Energy - Exploration & Production (0.0%)

 
  2,744       

PES Holdings LLC, 3.000% PIK(5),(8),(10)

     (NR, WR)        12/31/24          3.000          41,164  
                        

 

 

 
                        
 

Food & Drug Retailers (0.4%)

 
  1,500       

WOOF Holdings, Inc., 3 mo. USD Term SOFR + 7.250%(7)

     (CCC-, Ca)        12/21/28          12.669          931,875  
                        

 

 

 
                        
 

Gas Distribution (0.7%)

 
  1,557       

Traverse Midstream Partners LLC, 3 mo. USD Term SOFR + 3.500%(7)

     (B+, B2)        02/16/28          8.817          1,562,173  
                        

 

 

 
                        
 

Health Facility (0.3%)

 
  799       

Carestream Health, Inc., 3 mo. USD Term SOFR + 7.500%(7)

     (B-, Caa1)        09/30/27          12.948          657,211  
                        

 

 

 
                        
 

Health Services (1.6%)

 
  1,230       

MedAssets Software Intermediate Holdings, Inc., 1 mo. USD Term SOFR + 6.750%(7)

     (D, Ca)        12/17/29          12.201          755,989  
  1,122       

Radiology Partners, Inc., 1 mo. USD Term SOFR + 4.250%(7)

     (CCC+, Caa2)        07/09/25          10.179          999,962  
  1,163       

U.S. Radiology Specialists, Inc., 3 mo. USD Term SOFR + 5.250%(7)

     (B-, B3)        12/15/27          10.748          1,160,348  
  111       

Western Dental Services, Inc. (2021 Delayed
Draw Term Loan)(11)

     (CCC, Caa1)        08/18/28          0.000          58,463  
  1,089       

Western Dental Services, Inc. (2021 Term Loan B)(11)

     (CCC, Caa1)        08/18/28          0.000          571,915  
                        

 

 

 
                           3,546,677  
                        

 

 

 
                        
 

Hotels (0.6%)

 
  1,344       

Aimbridge Acquisition Co., Inc., 1 mo. USD Term SOFR + 4.750%(7)

     (CCC+, B3)        02/02/26          10.197          1,295,465  
                        

 

 

 
                        
 

Investments & Misc. Financial Services (1.4%)

 
  2,329       

AqGen Ascensus, Inc., 3 mo. USD Term SOFR + 6.500%(7)

     (CCC, Caa2)        08/02/29          12.092          2,261,012  
  936       

Deerfield Dakota Holding LLC, 3 mo. USD Term SOFR +
6.750%(7)

     (CCC, Caa2)        04/07/28          12.360          925,683  
                        

 

 

 
                           3,186,695  
                        

 

 

 
                        
 

Machinery (1.1%)

 
  2,123       

LTI Holdings, Inc., 1 mo. USD Term SOFR + 6.750%(7),(12)

     (CCC+, Caa2)        09/06/26          12.197          1,941,588  
  574       

LTI Holdings, Inc., 1 mo. USD Term SOFR + 3.500%(7)

     (B-, B2)        09/06/25          8.947          561,640  
                        

 

 

 
                           2,503,228  
                        

 

 

 
                        
 

Media - Diversified (0.2%)

 
  314       

Technicolor Creative Studios, 3 mo. EUR EURIBOR +
5.000%(3),(4),(5),(7)

     (NR, NR)        06/05/30          8.795           
  53       

Technicolor Creative Studios, 3 mo. EUR EURIBOR +
4.172%(3),(4),(7)

     (NR, NR)        07/31/26          4.172          43,186  
  149       

Technicolor Creative Studios, 6 mo. EUR EURIBOR +
0.500%(3),(5),(7)

     (NR, NR)        07/31/26          4.054          120,997  
  139       

Technicolor Creative Studios, 6 mo. EUR EURIBOR +
0.500%(3),(5),(7)

     (NR, NR)        07/31/26          4.429          113,196  
  776       

Technicolor Creative Studios, 3 mo. EUR EURIBOR +
5.000%(3),(5),(7)

     (NR, NR)        08/06/33          8.925          101,171  
                        

 

 

 
                           378,550  
                        

 

 

 
                        
 

Medical Products (1.6%)

 
  499       

Femur Buyer, Inc., 3 mo. USD Term SOFR +
4.500%(7)

     (CCC-, Caa1)        03/05/26          10.110          440,098  
  937       

Femur Buyer, Inc., 3 mo. USD Term SOFR +
5.500%(7)

     (CCC-, NR)        08/05/25          11.110          788,734  
  1,350       

Viant Medical Holdings, Inc., 1 mo. USD Term SOFR +
7.750%(7),(12)

     (CCC, Caa3)        07/02/26          13.197          1,332,281  

 

 

 

Credit Suisse High Yield Bond Fund

Schedule of Investments (continued)

January 31, 2024 (unaudited)

 

Par
(000)
             

Ratings†
(S&P/Moody’s)

     Maturity        Rate%        Value  
                        
 

BANK LOANS (continued)

 
 

Medical Products (continued)

 
$ 970       

Viant Medical Holdings, Inc., 1 mo. USD LIBOR + 6.250%(5),(7)

     (B-, B3)        07/02/25          11.697        $ 972,044  
                        

 

 

 
                             3,533,157  
                        

 

 

 
                        
 

Packaging (0.6%)

 
      1,297       

Proampac PG Borrower LLC, 3 mo. USD Term SOFR +
4.500%(7)

     (B-, B3)        09/15/28         
9.798 -
9.868

 
       1,301,153  
                        

 

 

 
                        
 

Personal & Household Products (0.8%)

 
  1,988       

Serta Simmons Bedding LLC, 3 mo. USD Term SOFR +
7.500%(7)

     (NR, NR)        06/29/28          12.963          1,875,033  
                        

 

 

 
                        
 

Recreation & Travel (1.8%)

 
  959       

Bulldog Purchaser, Inc., 3 mo. USD Term SOFR + 7.750%(7)

     (CCC-, Caa3)        09/04/26          13.238          865,977  
  1,798       

Bulldog Purchaser, Inc., 3 mo. USD Term SOFR + 3.750%(7)

     (B-, B3)        09/05/25          9.238          1,758,767  
  1,082       

Hornblower Sub LLC, U.S. (Fed) Prime Rate +
7.125%(7)

     (NR, NR)        11/10/25          15.625          1,083,833  
  300       

Hornblower Sub LLC, U.S. (Fed) Prime Rate +
7.125%(7)

     (NR, NR)        11/20/25          15.625          300,376  
                        

 

 

 
                           4,008,953  
                        

 

 

 
                        
 

Software - Services (2.8%)

 
  1,692       

Aston FinCo SARL, 1 mo. USD Term SOFR +
4.250%(7)

     (CCC+, B3)        10/09/26          9.697          1,460,857  
  1,118       

Astra Acquisition Corp., 3 mo. USD Term SOFR + 5.250%(7)

     (CCC+, Caa1)        10/25/28          10.860          679,039  
  900       

CommerceHub, Inc., 3 mo. USD Term SOFR +
7.000%(7)

     (CCC, Caa2)        12/29/28          12.540          729,900  
  297       

DCert Buyer, Inc.(11)

     (B-, B2)        10/16/26          0.000          295,532  
  750       

Perforce Software, Inc.(11)

     (B-, B2)        07/01/26          0.000          743,786  
  2,262       

Quest Software U.S. Holdings, Inc., 3 mo. USD Term SOFR + 4.250%(7)

     (CCC+, B2)        02/01/29          9.713          1,795,226  
  733       

Redstone Holdco 2 LP, 1 mo. USD Term SOFR + 4.750%(7)

     (B-, B3)        04/27/28          10.201          609,785  
                        

 

 

 
                           6,314,125  
                        

 

 

 
                        
 

Support - Services (1.0%)

 
  600       

LaserShip, Inc., 2 mo. USD Term SOFR + 7.500%(7)

     (CCC-, Caa3)        05/07/29          13.396          497,001  
  1,187       

LaserShip, Inc., 3 mo. USD Term SOFR + 4.500%(7)

     (CCC+, B3)        05/07/28          10.396          1,085,352  
  282       

LaserShip, Inc., 3 mo. USD Term SOFR + 7.000%(5),(7)

     (NR, B3)        09/29/27          12.468          273,470  
  600       

TruGreen Ltd. Partnership, 3 mo. USD Term SOFR + 8.500%(7)

     (CCC, Caa3)        11/02/28          14.074          480,501  
                        

 

 

 
                           2,336,324  
                        

 

 

 
                        
 

Telecom - Wireline Integrated & Services (1.1%)

 
  1,530       

Patagonia Holdco LLC, 3 mo. USD Term SOFR + 5.750%(7)

     (NR, B1)        08/01/29          11.116          1,407,274  
  1,125       

TVC Albany, Inc., 1 mo. USD Term SOFR +
7.500%(7),(12)

     (CCC, Caa2)        07/23/26          12.947          1,108,125  
                        

 

 

 
                           2,515,399  
                        

 

 

 
                        
 

Theaters & Entertainment (1.2%)

 
  746       

UFC Holdings LLC, 3 mo. USD Term SOFR +
2.750%(7)

     (BB, Ba3)        04/29/26          8.336          746,312  
  1,912       

William Morris Endeavor Entertainment LLC, 1 mo. USD Term SOFR + 2.750%(7)

     (BB-, B3)        05/18/25          8.197          1,914,457  
                        

 

 

 
                           2,660,769  
                        

 

 

 
  TOTAL BANK LOANS (Cost $54,671,569)          49,142,197  
                        

 

 

 
                        
 

ASSET BACKED SECURITIES (8.8%)

 
 

Collateralized Debt Obligations (8.8%)

 
  1,000       

Anchorage Capital CLO 15 Ltd., 2020-15A, Rule 144A, 3 mo. USD Term SOFR + 7.662% (1),(7)

     (NR, Ba3)        07/20/34          12.979          1,003,705  
  1,500       

Anchorage Capital CLO 25 Ltd., 2022-25A, Rule 144A, 3 mo. USD Term SOFR + 7.170% (1),(7)

     (NR, Ba3)        04/20/35          12.488          1,505,191  
  1,170       

Anchorage Capital Europe CLO 6 DAC, Rule 144A, 3 mo. EUR EURIBOR + 5.000% (1),(3),(7)

     (BBB-, NR)        01/22/38          8.869          1,272,568  
  1,250       

Anchorage Credit Funding 4 Ltd., 2016-4A, Rule 144A (1)

     (NR, Ba3)        04/27/39          6.659          1,042,817  
  1,250       

Battalion CLO 18 Ltd., 2020-18A, Rule 144A, 3 mo. USD Term SOFR + 6.972% (1),(7)

     (BB-, NR)        10/15/36          12.286          1,156,897  
  1,250       

Benefit Street Partners CLO X Ltd., 2016-10A, Rule 144A, 3 mo. USD Term SOFR + 7.012% (1),(7)

     (BB-, NR)        04/20/34          12.329          1,248,193  
  1,500       

Cedar Funding VI CLO Ltd., 2016-6A, Rule 144A, 3 mo. USD Term SOFR + 6.982% (1),(7)

     (BB-, NR)        04/20/34          12.299          1,454,736  
  1,500       

CIFC Funding Ltd., 2017-1A, Rule 144A, 3 mo. USD Term SOFR + 3.762% (1),(7)

     (NR, Baa2)        04/23/29          9.079          1,502,869  

 

 

 

Credit Suisse High Yield Bond Fund

Schedule of Investments (continued)

January 31, 2024 (unaudited)

 

Par
(000)
             

Ratings†
(S&P/Moody’s)

     Maturity        Rate%        Value  
                        
 

ASSET BACKED SECURITIES (continued)

 
 

Collateralized Debt Obligations (continued)

 
$ 750       

Generate CLO 5 Ltd., Rule 144A, 3 mo. USD Term SOFR + 6.272% (1),(7)

     (NR, Ba3)        10/22/31          11.589        $ 737,916  
      1,500       

KKR CLO 14 Ltd., Rule 144A, 3 mo. USD Term SOFR + 6.412% (1),(7)

     (NR, B1)        07/15/31          11.726            1,437,431  
  1,500       

KKR CLO 16 Ltd., Rule 144A, 3 mo. USD Term SOFR + 7.372% (1),(7)

     (BB-, NR)        10/20/34          12.689          1,498,359  
  1,500       

Marble Point CLO XXIII Ltd., 2021-4A, Rule 144A, 3 mo. USD Term SOFR + 6.012% (1),(7)

     (NR, Ba1)        01/22/35          11.329          1,446,257  
  600       

MP CLO III Ltd., 2013-1A, Rule 144A, 3 mo. USD Term SOFR + 3.312% (1),(7)

     (NR, Ba1)        10/20/30          8.629          573,059  
  1,000       

Oaktree CLO Ltd., 2019-4A, Rule 144A, 3 mo. USD Term SOFR + 7.492% (1),(7)

     (BB-, NR)        10/20/32          12.809          1,017,624  
  1,500       

Palmer Square Credit Funding Ltd., 2019-1A, Rule 144A (1)

     (NR, Baa2)        04/20/37          5.459          1,350,160  
  1,000       

Venture 41 CLO Ltd., 2021-41A, Rule 144A, 3 mo. USD Term SOFR + 7.972% (1),(7)

     (BB-, NR)        01/20/34          13.289          945,208  
  600       

Vibrant CLO VII Ltd., 2017-7A, Rule 144A, 3 mo. USD Term SOFR + 3.862% (1),(7)

     (NR, Baa3)        09/15/30          9.179          595,371  
                        

 

 

 
 

TOTAL ASSET BACKED SECURITIES (Cost $20,060,155)

         19,788,361  
                        

 

 

 
                        
Shares                                           
                        
 

COMMON STOCKS (0.8%)

 
 

Auto Parts & Equipment (0.3%)

 
  56,742       

Jason, Inc.(5),(9)

 

       576,896  
                        

 

 

 
                        
 

Chemicals (0.4%)

 
  5,400       

Project Investor Holdings LLC(4),(5),(9),(12)

 

       54  
  89,998       

Proppants Holdings LLC(4),(5),(9),(12)

 

       1,800  
  15,074       

UTEX Industries, Inc.(9)

 

       924,534  
                        

 

 

 
                           926,388  
                        

 

 

 
                        
 

Energy - Exploration & Production (0.0%)

 
  111,570       

PES Energy, Class A(4),(5),(9),(12)

 

       1,116  
                        

 

 

 
                        
 

Packaging (0.0%)

 
  1,000       

SMI Topco LLC(4),(5),(9)

 

       12,000  
                        

 

 

 
                        
 

Personal & Household Products (0.1%)

 
  32,039       

Serta Simmons Common(9)

 

       232,283  
                        

 

 

 
                        
 

Pharmaceuticals (0.0%)

 
  68,836       

Akorn, Inc.(9)

 

       688  
                        

 

 

 
                        
 

Private Placement (0.0%)

 
  53,609       

Technicolor Creative Studios SA(9),(13)

 

       94,919  
                        

 

 

 
                        
 

Specialty Retail (0.0%)

 
  105       

Eagle Investments Holding Co. LLC, Class B(4),(5),(9)

 

       1  
                        

 

 

 
                        
 

Support - Services (0.0%)

 
  2,100       

LTR Holdings, Inc.(4),(5),(9),(12)

 

       3,111  
                        

 

 

 
                        
 

TOTAL COMMON STOCKS (Cost $5,728,885)

         1,847,402  
                        

 

 

 
                        
 

WARRANT (0.0%)

 
 

Chemicals (0.0%)

 
  22,499       

Project Investor Holdings LLC, expires 02/20/2022(4),(5),(9),(12) (Cost $11,699)

 

       0  
                        

 

 

 
                        
 

SHORT-TERM INVESTMENTS (6.6%)

 
  7,679,510       

State Street Institutional U.S. Government Money Market Fund - Premier Class, 5.29%

 

       7,679,510  
  7,238,417       

State Street Navigator Securities Lending Government Money Market Portfolio, 5.34%(14)

 

       7,238,417  
                        

 

 

 
                        
 

TOTAL SHORT-TERM INVESTMENTS (Cost $14,917,927)

         14,917,927  
                        

 

 

 
                        
 

TOTAL INVESTMENTS AT VALUE (138.6%) (Cost $330,484,977)

         312,953,979  
                        
 

LIABILITIES IN EXCESS OF OTHER ASSETS (-38.6%)

         (87,091,072
                        

 

 

 
                        
 

NET ASSETS (100.0%)

       $ 225,862,907  
                        

 

 

 

 

Credit ratings given by the S&P Global Ratings Division of S&P Global Inc. (“S&P”) and Moody’s Investors Service, Inc. (“Moody’s”) are unaudited.

 

 

 

Credit Suisse High Yield Bond Fund

Schedule of Investments (continued)

January 31, 2024 (unaudited)

 

(1) 

Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At January 31, 2024, these securities amounted to a value of $241,338,339 or 106.9% of net assets.

(2) 

Security or portion thereof is out on loan.

(3) 

This security is denominated in Euro.

(4) 

Not readily marketable security; security is valued at fair value as determined in good faith by Credit Suisse Asset Management, LLC as the Fund’s valuation designee under the oversight of the Board of Trustees.

(5) 

Security is valued using significant unobservable inputs.

(6) 

This security is denominated in British Pound.

(7) 

Variable rate obligation — The interest rate shown is the rate in effect as of January 31, 2024. The rate may be subject to a cap and floor.

(8) 

PIK: Payment-in-kind security for which part of the income earned may be paid as additional principal.

(9) 

Non-income producing security.

(10) 

Bond is currently in default.

(11) 

The rates on certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. The interest rate shown is the rate in effect as of January 31, 2024.

(12) 

Illiquid security.

(13) 

Security is held through holdings of 100 shares of the CIG Special Purpose SPC — Credit Suisse High Yield Bond Fund Segregated Portfolio, an affiliated entity.

(14) 

Represents security purchased with cash collateral received for securities on loan.

INVESTMENT ABBREVIATIONS

1 mo. = 1 month

2 mo. = 2 month

3 mo. = 3 month

6 mo. = 6 month

EURIBOR = Euro Interbank Offered Rate

LIBOR = London Interbank Offered Rate

NR = Not Rated

SARL = société à responsabilité limitée

SOFR = Secured Overnight Financing Rate

WR = Withdrawn Rating

Forward Foreign Currency Contracts

 

Forward
Currency to be
Purchased

    

Forward Currency
to be Sold

    

 Expiration
  Date

  

Counterparty

   Value on
Settlement Date
    Current
Value/Notional
    Unrealized
Appreciation
 

GBP

    17,460     

USD

     21,360      10/07/24    Morgan Stanley    $ 21,360     $ 22,240     $ 880  

USD

    1,308,656     

EUR

     1,192,075      10/07/24    Deutsche Bank AG      (1,308,656     (1,308,402     254  
                    

 

 

 
                    

Total Unrealized Appreciation

 

  $   1,134  
                    

 

 

 

Forward Foreign Currency Contracts

 

Forward
Currency to be
Purchased

    

Forward Currency
to be Sold

    

 Expiration
  Date

  

Counterparty

   Value on
Settlement Date
    Current
Value/Notional
    Unrealized
Depreciation
 

EUR

    284,105     

USD

     312,190      10/07/24    Deutsche Bank AG    $ 312,190     $ 311,829     $ (361

USD

    2,205,447     

EUR

     2,059,165      10/07/24    Morgan Stanley      (2,205,447     (2,260,105     (54,658

USD

    58,915     

GBP

     46,990      10/07/24    Barclays Bank PLC      (58,915     (59,856     (941

USD

    1,175,526     

GBP

     964,520      10/07/24    Deutsche Bank AG      (1,175,526     (1,228,602     (53,076
                    

 

 

 
                    

Total Unrealized Depreciation

 

  $ (109,036
                    

 

 

 
                    

Total Net Unrealized Appreciation/(Depreciation)

 

  $ (107,902
                    

 

 

 

Currency Abbreviations:

EUR = Euro

GBP = British Pound

USD = United States Dollar

 

 

 

SECURITY VALUATION — The Board of Trustees (the “Board”) is responsible for the Fund’s valuation process. The Board has delegated the supervision of the daily valuation process to Credit Suisse Asset Management, LLC, the Fund’s investment adviser (“Credit Suisse” or the “Adviser”), who has established a Pricing Committee and a Pricing Group, which, pursuant to the policies adopted by the Board, are responsible for making fair valuation determinations and overseeing the Fund’s pricing policies. The net asset value of the Fund is determined daily as of the close of regular trading on the New York Stock Exchange, Inc. (the “Exchange”) on each day the Exchange is open for business. The valuations for fixed income securities (which may include, but are not limited to, corporate, government, municipal, mortgage-backed, collateralized mortgage obligations and asset-backed securities) and certain derivative instruments are typically the prices supplied by independent third party pricing services, which may use market prices or broker/dealer quotations or a variety of valuation techniques and methodologies. The independent third party pricing services use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar securities. These pricing services generally price fixed income securities assuming orderly transactions of an institutional “round lot” size, but some trades occur in smaller “odd lot” sizes which may be effected at lower prices than institutional round lot trades. Structured note agreements are valued in accordance with a dealer-supplied valuation based on changes in the value of the underlying index. Futures contracts are valued daily at the settlement price established by the board of trade or exchange on which they are traded. Forward contracts are valued at the London closing spot rates and the London closing forward point rates on a daily basis. The currency forward contract pricing model derives the differential in point rates to the expiration date of the forward and calculates its present value. Equity securities for which market quotations are available are valued at the last reported sales price or official closing price on the primary market or exchange on which they trade. Investments in open-ended mutual funds are valued at the net asset value as reported on each business day and under normal circumstances. Securities for which market quotations are not readily available are valued at their fair value as determined in good faith by the Adviser, as the Board’s valuation designee (as defined in Rule 2a-5 under the 1940 Act), in accordance with the Adviser’s procedures. The Board oversees the Adviser in its role as valuation designee in accordance with the requirements of Rule 2a-5 under the 1940 Act. The Fund may utilize a service provided by an independent third party to fair value certain securities. When fair value pricing is employed, the prices of securities used by the Fund to calculate its net asset value may differ from quoted or published prices for the same securities. If independent third party pricing services are unable to supply prices for a portfolio investment, or if the prices supplied are deemed by the Adviser to be unreliable, the market price may be determined by the Adviser using quotations from one or more brokers/dealers or at the transaction price if the security has recently been purchased and no value has yet been obtained from a pricing service or pricing broker. When reliable prices are not readily available, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the Fund calculates its net asset value, these securities will be fair valued in good faith by the Pricing Group, in accordance with procedures established by the Adviser.

The Fund uses valuation techniques to measure fair value that are consistent with the market approach and/or income approach, depending on the type of security and the particular circumstance. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable securities. The income approach uses valuation techniques to discount estimated future cash flows to present value.

 

 

 

Generally accepted accounting principles in the United States of America (“GAAP”) established a disclosure hierarchy that categorizes the inputs to valuation techniques used to value assets and liabilities at each measurement date. These inputs are summarized in the three broad levels listed below:

 

    

Level 1–quoted prices in active markets for identical investments

    

Level 2–other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

    

Level 3–significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)

The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used as of January 31, 2024 in valuing the Fund’s assets and liabilities carried at fair value:

 

Assets

   Level 1      Level 2      Level 3     Total  

Investments in Securities

 

Corporate Bonds

   $      $ 226,344,405      $ 913,687     $ 227,258,092  

Bank Loans

            45,819,825        3,322,372       49,142,197  

Asset Backed Securities

            19,788,361              19,788,361  

Common Stocks

     232,283        1,020,141        594,978       1,847,402  

Warrants

                   0 1      0  

Short-term Investments

     14,917,927                     14,917,927  
  

 

 

    

 

 

    

 

 

   

 

 

 
   $ 15,150,210      $ 292,972,732      $ 4,831,037     $ 312,953,979  
  

 

 

    

 

 

    

 

 

   

 

 

 

Other Financial Instruments*

 

 

Forward Foreign Currency Contracts

   $      $ 1,134      $     $ 1,134  
  

 

 

    

 

 

    

 

 

   

 

 

 
          

Liabilities

                          

Other Financial Instruments*

 

 

Forward Foreign Currency Contracts

   $      $ 109,036      $     $ 109,036  
  

 

 

    

 

 

    

 

 

   

 

 

 

 

1 

Included a zero valued security.

*

Other financial instruments include unrealized appreciation (depreciation) on forward foreign currency contracts.

The following is a reconciliation of investments as of January 31, 2024 for which significant unobservable inputs were used in determining fair value.

 

     Corporate
Bonds
    Bank
Loans
    Common
Stocks
    Warrants     Total  

Balance as of October 31, 2023

   $ 120,999     $ 6,628,462     $ 620,769     $ 0 (1)    $ 7,370,230  

Accrued discounts (premiums)

           31,345                   31,345  

Purchases

           194,984       16,359             211,343  

Sales

     (10,000     (237,181                 (247,181

Realized gain (loss)

     10,000       14,515                   24,515  

Change in unrealized appreciation (depreciation)

     (12,812     (237,792     (42,150           (292,754

Transfers into Level 3

     805,500       275,357                   1,080,857  

Transfers out of Level 3

           (3,347,318                 (3,347,318
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance as of January 31, 2024

   $ 913,687     $ 3,322,372     $ 594,978     $ 0 (1)    $ 4,831,037  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Net change in unrealized appreciation (depreciation) from investments still held as of January 31, 2024

   $ 2,188     $ (223,916   $ (42,150   $     $ (263,878

 

(1) 

Includes a zero valued security.

 

Quantitative Disclosure About Significant Unobservable Inputs

 

Asset Class

   Fair Value At
January 31, 2024
    

Valuation 

Technique

  

Unobservable

Input

  

Price Range

(Weighted Average)*

Corporate Bonds

   $ 913,687      Income Approach    Expected Remaining Distribution    $0.53 - $0.65 ($0.55)

Bank Loans

     335,364      Income Approach    Expected Remaining Distribution    0.00 – 0.81 (0.61)
     2,987,008      Vendor pricing    Single Broker Quote    0.02 – 1.00 (0.98)

Common Stocks

     6,082      Income Approach    Expected Remaining Distribution    0.01 – 1.48 (0.77)
     588,896      Vendor pricing    Single Broker Quote    10.17 – 12.00 (10.20)

Warrants

     0      Income Approach    Expected Remaining Distribution    0.00 (N/A)

 

*

Weighted by relative fair value

Each fair value determination is based on a consideration of relevant factors, including both observable and unobservable inputs. Observable and unobservable inputs that Credit Suisse considers may include (i) the existence of any contractual restrictions on the disposition of securities; (ii) information obtained from the company, which may include an analysis of the company’s financial statements, the company’s products or intended markets or the company’s technologies; (iii) the price of the same or similar security negotiated at arm’s length in an issuer’s completed subsequent round of financing; (iv) the price and extent of public trading in similar securities of the issuer or of comparable companies; or (v) a probability and time value adjusted analysis of contractual term. Where available and appropriate, multiple valuation methodologies are applied to confirm fair value. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, determining fair value requires more judgment. Because of the inherent uncertainty of valuation, those estimated values may be materially higher or lower than the values that would have been used had a ready market for the investments existed. Accordingly, the degree of judgment exercised by the Fund in determining fair value is greatest for investments categorized in Level 3. In some circumstances, the inputs used to measure fair value might be categorized within different levels of the fair value hierarchy. In those instances, the fair value measurement is categorized in its entirety in the fair value hierarchy based on the least observable input that is significant to the fair value measurement. Additionally, changes in the market environment and other events that may occur over the life of the investments may cause the gains or losses ultimately realized on these investments to be different from the valuations used at the date of these financial statements.

 

 

 

During the period ended January 31, 2024, $1,080,857 was transferred from Level 2 to Level 3 due to a lack of a pricing source supported by observable inputs and $3,347,318 was transferred from Level 3 to Level 2 as a result of the availability of a pricing source supported by observable inputs. All transfers, if any, are assumed to occur at the end of the reporting period.

Other information regarding the Fund is available in the most recent Report to Shareholders. This information is also available on the Fund’s website at www.credit-suisse.com/us/funds, as well as on the website of the Securities and Exchange Commission at www.sec.gov.