0001410368-14-000950.txt : 20141230
0001410368-14-000950.hdr.sgml : 20141230
20141230140500
ACCESSION NUMBER: 0001410368-14-000950
CONFORMED SUBMISSION TYPE: NSAR-B
PUBLIC DOCUMENT COUNT: 4
CONFORMED PERIOD OF REPORT: 20141031
FILED AS OF DATE: 20141230
DATE AS OF CHANGE: 20141230
EFFECTIVENESS DATE: 20141230
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: CREDIT SUISSE HIGH YIELD BOND FUND
CENTRAL INDEX KEY: 0001061353
IRS NUMBER: 134009166
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1031
FILING VALUES:
FORM TYPE: NSAR-B
SEC ACT: 1940 Act
SEC FILE NUMBER: 811-08777
FILM NUMBER: 141315545
BUSINESS ADDRESS:
STREET 1: ONE MADISON AVENUE
CITY: NEW YORK
STATE: NY
ZIP: 10010
BUSINESS PHONE: 2123252000
MAIL ADDRESS:
STREET 1: ONE MADISON AVENUE
CITY: NEW YORK
STATE: NY
ZIP: 10010
FORMER COMPANY:
FORMER CONFORMED NAME: DLJ HIGH YIELD BOND FUND
DATE OF NAME CHANGE: 19980508
NSAR-B
1
answer.fil
ANSWER
PAGE 1
000 B000000 10/31/2014
000 C000000 0001061353
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 CREDIT SUISSE HIGH YIELD BOND FUND
001 B000000 811-8777
001 C000000 8002931232
002 A000000 ONE MADISON AVENUE
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10010
002 D020000 3629
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
008 A000001 CREDIT SUISSE ASSET MANAGEMENT, LLC
008 B000001 A
008 C000001 801-37170
008 D010001 NEW YORK
008 D020001 NY
008 D030001 10010
008 D040001 3629
010 A000001 STATE STREET BANK AND TRUST CO.
010 B000001 812-12992
010 C010001 BOSTON
010 C020001 MA
010 C030001 02111
012 A000001 COMPUTERSHARE TRUST COMPANY, N.A.
012 B000001 84-00000
012 C010001 College Station
012 C020001 TX
012 C030001 77842
012 C040001 3170
013 A000001 PRICE WATERHOUSECOOPERS LLP
013 B010001 BOSTON
013 B020001 MA
013 B030001 02110
014 A000001 CREDIT SUISSE CAPITAL, LLC
014 B000001 8-052352
014 A000002 CREDIT SUISSE PRIVATE ADVISORS
014 B000002 8-053440
014 A000003 CREDIT SUISSE SECURITIES (USA) LLC
PAGE 2
014 B000003 8-000422
014 A000004 ELECTRONIC SECURITIES PROCESSING (ESP) LLC
014 B000004 8-00000
014 A000005 CREDIT SUISSE (USA), INC.
014 B000005 8-00000
014 A000006 CSFB MORTGAGE ACCEPTANCE CORP.
014 B000006 8-00000
014 A000007 CREDIT SUISSE HOLDINGS (USA), INC.
014 B000007 8-00000
014 A000008 BANCO CREDIT SUISSE (MEXICO), S.A.
014 B000008 8-00000
014 A000009 CASA DE BOLSA CS (MEXICO), S.A. DE C.V.
014 B000009 8-000000
014 A000010 CJSC BANK CREDIT SUISSE (MOSCOW)
014 B000010 8-00000
014 A000011 CLARIDEN LEU AG
014 B000011 8-00000
014 A000012 CLARIDEN LEU TRUST (CAYMAN) LIMITED
014 B000012 8-00000
014 A000013 CREDIT SUISSE (AUSTRALIA), LTD.
014 B000013 8-00000
014 A000014 CS (BRASIL) DIST DE TITULO E VALORES MOBIL SA
014 B000014 8-00000
014 A000015 CS (BRASIL) SA CORR DE TITL E VALS MOBIL
014 B000015 8-00000
014 A000016 CS (DEUTSCHLAND) AKTIENGESELLSCHAFT
014 B000016 8-00000
014 A000017 CREDIT SUISSE AG
014 B000017 8-00000
014 A000018 CREDIT SUISSE (FRANCE)
014 B000018 8-00000
014 A000019 CREDIT SUISSE (GIBRALTAR) LIMITED
014 B000019 8-00000
014 A000020 CREDIT SUISSE (GUERNSEY) LIMITED
014 B000020 8-00000
014 A000021 CREDIT SUISSE (HONG KONG), LTD.
014 B000021 8-00000
014 A000022 CREDIT SUISSE (ITALY) S.P.A.
014 B000022 8-00000
014 A000023 CREDIT SUISSE (LUXEMBOURG) SA
014 B000023 8-00000
014 A000024 CREDIT SUISSE (MONACO) S.A.M.
014 B000024 8-00000
014 A000025 CREDIT SUISSE (SINGAPORE), LTD.
014 B000025 8-00000
014 A000026 CREDIT SUISSE (U.K.) LIMITED
014 B000026 8-00000
014 A000027 CREDIT SUISSE BRAZIL (BAHAMAS), LTD.
014 B000027 8-00000
014 A000028 CREDIT SUISSE EQUITIES (AUSTRALIA), LTD.
014 B000028 8-00000
PAGE 3
014 A000029 CREDIT SUISSE (ARGENTINA) TRADING SA
014 B000029 8-00000
014 A000030 CSFB (JAPAN) LIMITED
014 B000030 8-00000
014 A000031 CREDIT SUISSE FIRST BOSTON EQUITIES
014 B000031 8-00000
014 A000032 CSFB SOCIEDAD DE VALORES S.A.
014 B000032 8-00000
014 A000033 CS HEDGING-GRIFFO CORRETORA DE VALORES SA
014 B000033 8-00000
014 A000034 CREDIT SUISSE INTERNATIONAL
014 B000034 8-00000
014 A000035 CREDIT SUISSE ISTANBUL MENKUL DEGERLER A.S.
014 B000035 8-00000
014 A000036 CREDIT SUISSE SECURITIES (CANADA), INC.
014 B000036 8-00000
014 A000037 CREDIT SUISSE SECURITIES (EUROPE), LTD.
014 B000037 8-00000
014 A000038 CREDIT SUISSE SECURITIES (HONG KONG), LTD.
014 B000038 8-00000
014 A000039 CREDIT SUISSE SECURITIES (INDIA) PRIVATE LTD
014 B000039 8-00000
014 A000040 CREDIT SUISSE SECURITIES (SINGAPORE) PTE LTD.
014 B000040 8-00000
014 A000041 CREDIT SUISSE SECURITIES (THAILAND), LTD.
014 B000041 8-00000
014 A000042 NEUE AARGAUER BANK
014 B000042 8-00000
014 A000043 PT CREDIT SUISSE SECURITIES INDONESIA
014 B000043 8-00000
015 A000001 STATE STREET BANK
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02110
015 E010001 X
015 A000002 RBC INVESTOR SERVICES
015 B000002 S
015 C010002 TORONTO
015 D010002 CANADA
015 D020002 M5V3L3
015 E040002 X
015 A000003 STATE STREET COMPANY CANADA
015 B000003 S
015 C010003 TORONTO
015 D010003 CANADA
015 D020003 M5C 3G6
015 E040003 X
018 000000 Y
019 A000000 Y
019 B000000 11
PAGE 4
019 C000000 CSAM CLOSE
020 A000001 STERNE, AGEE & LEACH, INC.
020 B000001 63-0463600
020 C000001 0
021 000000 0
022 A000001 JP MORGAN SECURITIES, INC.
022 B000001 13-3224013
022 C000001 36360
022 D000001 15846
022 A000002 OPPENHEIMER & CO., INC.
022 B000002 13-2527171
022 C000002 9245
022 D000002 35749
022 A000003 BANK OF AMERICA SECURITIES
022 B000003 95-3783486
022 C000003 33338
022 D000003 8919
022 A000004 DEUTSCHE BANK SECURITIES, INC.
022 B000004 13-2730828
022 C000004 26916
022 D000004 13217
022 A000005 MORGAN STANLEY & CO., INC.
022 B000005 13-2655998
022 C000005 23163
022 D000005 15722
022 A000006 WELLS FARGO SECURITIES LLC
022 B000006 56-2326000
022 C000006 25513
022 D000006 10890
022 A000007 CITIGROUP GLOBAL MARKETS
022 B000007 13-3082694
022 C000007 15497
022 D000007 18047
022 A000008 JEFFERIES & CO.
022 B000008 95-2622900
022 C000008 20217
022 D000008 10005
022 A000009 BANK OF NEW YORK MELLON
022 B000009 13-5160382
022 C000009 9916
022 D000009 16000
022 A000010 GOLDMAN SACHS & CO.
022 B000010 13-5108880
022 C000010 15982
022 D000010 5362
023 C000000 2430450
023 D000000 195384
024 000000 Y
025 A000001 JEFFERIES & COMPANY, INC.
025 B000001 95-2622900
025 C000001 D
PAGE 5
025 D000001 4312
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 N
028 A010000 0
028 A020000 0
028 A030000 0
028 A040000 0
028 B010000 0
028 B020000 0
028 B030000 0
028 B040000 0
028 C010000 0
028 C020000 0
028 C030000 0
028 C040000 0
028 D010000 0
028 D020000 0
028 D030000 0
028 D040000 0
028 E010000 0
028 E020000 0
028 E030000 0
028 E040000 0
028 F010000 0
028 F020000 0
028 F030000 0
028 F040000 0
028 G010000 0
028 G020000 0
028 G030000 0
028 G040000 0
028 H000000 0
030 A000000 0
030 B000000 0.00
030 C000000 0.00
031 A000000 0
031 B000000 0
032 000000 0
033 000000 0
035 000000 0
036 B000000 0
038 000000 0
042 A000000 0
PAGE 6
042 B000000 0
042 C000000 0
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 0
044 000000 0
045 000000 Y
046 000000 N
047 000000 Y
048 000000 0.000
048 A010000 250000
048 A020000 1.000
048 B010000 0
048 B020000 0.000
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 250000
048 K020000 0.750
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 Y
053 B000000 Y
053 C000000 N
054 A000000 Y
054 B000000 Y
054 C000000 Y
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 Y
054 H000000 Y
054 I000000 N
PAGE 7
054 J000000 Y
054 K000000 N
054 L000000 N
054 M000000 Y
054 N000000 N
054 O000000 N
055 A000000 N
055 B000000 Y
056 000000 Y
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 N
060 B000000 N
061 000000 0
062 A000000 Y
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 1.4
062 K000000 0.0
062 L000000 2.7
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 119.4
062 Q000000 23.3
062 R000000 0.2
063 A000000 0
063 B000000 5.6
064 A000000 N
064 B000000 Y
065 000000 N
066 A000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 N
070 B010000 Y
070 B020000 N
070 C010000 Y
070 C020000 N
070 D010000 Y
070 D020000 N
PAGE 8
070 E010000 Y
070 E020000 N
070 F010000 Y
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 Y
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 Y
070 N010000 Y
070 N020000 Y
070 O010000 Y
070 O020000 Y
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 Y
070 R020000 N
071 A000000 263505
071 B000000 258670
071 C000000 493194
071 D000000 59
072 A000000 12
072 B000000 32712
072 C000000 9
072 D000000 0
072 E000000 70
072 F000000 3993
072 G000000 76
072 H000000 0
072 I000000 28
072 J000000 62
072 K000000 0
072 L000000 57
072 M000000 138
072 N000000 33
072 O000000 0
072 P000000 1440
072 Q000000 0
072 R000000 43
072 S000000 78
PAGE 9
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 61
072 X000000 6009
072 Y000000 425
072 Z000000 27208
072AA000000 10344
072BB000000 5768
072CC010000 0
072CC020000 10811
072DD010000 28556
072DD020000 0
072EE000000 0
073 A010000 0.2905
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 802
074 B000000 0
074 C000000 4243
074 D000000 361615
074 E000000 0
074 F000000 637
074 G000000 0
074 H000000 0
074 I000000 78607
074 J000000 4552
074 K000000 0
074 L000000 7726
074 M000000 144
074 N000000 458327
074 O000000 2940
074 P000000 354
074 Q000000 144000
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 8295
074 S000000 0
074 T000000 302738
074 U010000 99519
074 U020000 0
074 V010000 3.04
074 V020000 0.00
074 W000000 0.0000
074 X000000 176
074 Y000000 8104
075 A000000 0
075 B000000 307400
076 000000 3.12
PAGE 10
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 Y
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078 000000 N
080 A000000 St. Paul Fire and Marine Insurance Company
080 C000000 6850
081 A000000 Y
081 B000000 11
082 A000000 Y
082 B000000 25
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 N
086 A010000 1548
086 A020000 4879
086 B010000 227
086 B020000 709
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
087 A010000 COMMON STOCK
087 A020000 22544F103
087 A030000 DHY
088 A000000 Y
088 B000000 N
088 C000000 N
088 D000000 Y
PAGE 11
SIGNATURE BRUCE ROSENBERG
TITLE CHIEF FINANCIAL OFFICER
EX-99.77Q1 OTHR EXHB
2
TH82.77Q1.txt
EXHIBIT
AMENDED AND RESTATED
INVESTMENT ADVISORY AGREEMENT
March 23, 2001 as Amended and Restated May 3, 2004,
February 14, 2005, December 1, 2006, November 16, 2011,
August 14, 2012, November 12, 2013, February 18, 2014 and
November 18, 2014
CREDIT SUISSE OPPORTUNITY FUNDS
CREDIT SUISSE HIGH YIELD BOND FUND
Credit Suisse Asset Management, LLC
One Madison Avenue
New York, New York 10010
Dear Sirs:
Credit Suisse Opportunity Funds, a Delaware business trust,
(the "Series Fund"), for and on behalf of its series listed on
Annex I hereto, which may be amended from time to time, (each, a
"Series" and, collectively, the "Series"), and the Credit Suisse
High Yield Bond Fund (the "High Yield Bond Fund"), a Delaware
business trust (each, a "Fund", and collectively, the "Funds"),
herewith confirms its agreement with Credit Suisse Asset Management,
LLC (the "Adviser") as follows:
1. Investment Description; Appointment
The Series Fund, on behalf of its respective Series, and the
High Yield Bond Fund desires to employ the capital of such Series or
Fund by investing and reinvesting in investments of the kind and in
accordance with the limitations specified in its Agreement and
Declaration of Trust, as may be amended from time to time, and in the
Funds' Prospectus(es) and Statement(s) of Additional Information, if
any, as from time to time in effect (the "Prospectus" and "SAI,"
respectively), and in such manner and to such extent as may from time
to time be approved by the Board of Trustees of each Series or Fund.
Copies of the Funds' Prospectuses and SAIs have been or will be
submitted to the Adviser. The Funds desire to employ and hereby
appoint the Adviser to act as investment adviser to each of the Series
or Funds. The Adviser accepts the appointment and agrees to furnish the
services for the compensation set forth below.
2. Services as Investment Adviser
Subject to the supervision and direction of the Board of
Trustees of each Series and Fund, the Adviser will (a) act in strict
conformity with the Funds' Agreements and Declarations of Trust, the
Investment Company Act of 1940 (the "1940 Act") and the Investment
Advisers Act of 1940, as the same may from time to time be amended,
(b) manage such Series' or Fund's assets in accordance with such
Series' or Fund's investment objective and policies as stated in the
Funds' Prospectuses and SAIs, (c) make investment decisions for such
Series or Fund, (d) place purchase and sale orders for securities on
behalf of such Series or Fund, (e) exercise voting rights in respect
of portfolio securities and other investments for such Series or Fund,
and (f) monitor and evaluate the services provided by such Series' or
Fund's investment sub-adviser(s), if any, under the terms of the
applicable investment sub-advisory agreement(s). In providing those
services, the Adviser will provide investment research and supervision
of such Series' or Fund's investments and conduct a continual program
of investment, evaluation and, if appropriate, sale and reinvestment of
such Series' or Fund's assets. In addition, the Adviser will furnish
each Series and Fund with whatever statistical information such Series
or Fund may reasonably request with respect to the securities that such
Series or Fund may hold or contemplate purchasing.
Subject to the approval of the Board of Trustees of each of
the Series Funds and where required, such Series Fund's shareholders,
the Adviser may engage an investment sub-adviser or sub-advisers to
provide advisory services in respect of such Series and may delegate
to such investment sub-adviser(s) the responsibilities described in
subparagraphs (b), (c), (d) and (e) above. In the event that an
investment sub-adviser's engagement has been terminated, the Adviser
shall be responsible for furnishing such Series with the services
required to be performed by such investment sub-adviser(s) under the
applicable investment sub-advisory agreements or arranging for a
uccessor investment sub-adviser(s) to provide such services on terms
and conditions acceptable to such Series and the Series' Board of
Trustees and subject to the requirements of the 1940 Act.
3. Brokerage
In executing transactions for each Series and Fund, selecting
brokers or dealers and negotiating any brokerage commission rates,
the Adviser will use its best efforts to seek the best overall terms
available. In assessing the best overall terms available for any
portfolio transaction, the Adviser will consider all factors it
deems relevant including, but not limited to, breadth of the market
in the security, the price of the security, the financial condition
and execution capability of the broker or dealer and the
reasonableness of any commission for the specific transaction and for
transactions executed through the broker or dealer in the aggregate.
In selecting brokers or dealers to execute a particular transaction
and in evaluating the best overall terms available, the Adviser may
consider the brokerage and research services (as those terms are
defined in Section 28(e) of the Securities Exchange Act of 1934, as
the same may from time to time be amended) provided to each Series
and Fund and/or other accounts over which the Adviser or an affiliate
exercises investment discretion.
4. Information Provided to the Fund
The Adviser will keep each Series and Fund informed of
developments materially affecting such Series or Fund, and will, on
its own initiative, furnish such Series or Fund from time to time
with whatever information the Adviser believes is appropriate for
this purpose.
5. Standard of Care
The Adviser shall exercise its best judgment in rendering
the services listed in paragraphs 2, 3 and 4 above. The Adviser shall
not be liable for any error of judgment or mistake of law or for any
loss suffered by any Series or Fund in connection with the matters to
which this Agreement relates, provided that nothing herein shall be
deemed to protect or purport to protect the Adviser against any
liability to each Fund and Series or to shareholders of such Series
or Fund to which the Adviser would otherwise be subject by reason of
willful misfeasance, bad faith or gross negligence on its part in the
performance of its duties or by reason of the Adviser's reckless
disregard of its obligations and duties under this Agreement.
6. Compensation
In consideration of the services rendered pursuant to this
Agreement, each Series and Fund will pay the Adviser the annual fee
applicable to such Series or Fund calculated at an annual rate set
forth on Annex I hereto of such Series' or Fund's average daily net
assets.
The fee for the period from the date of this Agreement to
the end of the year shall be prorated according to the proportion
that such period bears to the full yearly period. Upon any
termination of this Agreement before the end of a year, the fee for
such part of that year shall be prorated according to the proportion
that such period bears to the full yearly period and shall be payable
upon the date of termination of this Agreement. For the purpose of
determining fees payable to the Adviser, the value of each Series'
and Fund's net assets shall be computed at the times and in the
manner specified in such Series' or Fund's Prospectus or SAI.
With respect to the Credit Suisse Opportunity Funds, such
fee shall be calculated and payable monthly. The fee for the Credit
Suisse High Yield Bond Fund shall be computed and payable monthly,
at the annual rate set forth for the Credit Suisse High Yield Bond
Fund on Annex I hereto, of the average weekly value of such Fund's
total assets minus the sum of accrued liabilities (other than
aggregate indebtedness constituting leverage).
7. Expenses
The Adviser will bear all expenses in connection with the
performance of its services under this Agreement, including the fees
payable to any investment sub-adviser engaged pursuant to paragraph
2 of this Agreement. Each Series and Fund will bear its
proportionate share of certain other expenses to be incurred in its
operation, including: investment advisory and administration fees;
taxes, interest, brokerage fees and commissions, if any; fees of
Trustees of such Series or Fund who are not officers, directors, or
employees of the Adviser, any sub-adviser or any of their affiliates;
fees of any pricing service employed to value shares of the Series or
Fund; Securities and Exchange Commission fees and state blue sky
qualification fees; charges of custodians and transfer and dividend
disbursing agents; such Series' or Fund's proportionate share of
insurance premiums; outside auditing and legal expenses; costs of
maintenance of such Series' or Fund's existence; costs attributable
to investor services, including, without limitation, telephone and
personnel expenses; costs of preparing and printing prospectuses and
statements of additional information for regulatory purposes and for
distribution to existing shareholders; costs of shareholders' reports
and meetings of the shareholders of such Series or Fund and of the
officers or Board of Trustees of such Series or Fund; and any
extraordinary expenses.
Each Series and Fund will be responsible for nonrecurring
expenses which may arise, including costs of litigation to which such
Series or Fund is a party and of indemnifying officers and Trustees
of such Series or Fund with respect to such litigation and other
expenses as determined by the Trustees.
8. Services to Other Companies or Accounts
Each Fund and Series understands that the Adviser now acts,
will continue to act and may act in the future as investment adviser
to fiduciary and other managed accounts and to one or more other
investment companies or series of investment companies, and such
Series or Fund has no objection to the Adviser so acting, provided
that whenever such Series or Fund and one or more other accounts or
investment companies or portfolios advised by the Adviser have
available funds for investment, investments suitable and appropriate
for each will be allocated in accordance with a formula believed to
be equitable to each entity. Each Series and Fund recognizes that
in some cases this procedure may adversely affect the size of the
position obtainable for such Series or Fund. In addition, each
Series and Fund understands that the persons employed by the
Adviser to assist in the performance of the Adviser's duties
hereunder will not devote their full time to such service and
nothing contained herein shall be deemed to limit or restrict the
right of the Adviser or any affiliate of the Adviser to engage in
and devote time and attention to other businesses or to render
services of whatever kind or nature, provided that doing so does
not adversely affect the ability of the Adviser to perform its
services under this Agreement.
9. Term of Agreement
With respect to each Series or Fund, this Agreement shall
continue for an initial two-year period commencing on the date first
written above, and thereafter shall continue automatically for
successive annual periods, provided such continuance is specifically
approved at least annually by (a) (i) in the case of a Series, the
Board of Trustees of the Fund of which such Series is a part or (ii)
in the case of the High Yield Bond Fund, the Board of Trustees of the
Fund or (b) a vote of a "majority" (as defined in the 1940 Act) of
each Series' and Fund's outstanding voting securities, provided that
in either event the continuance is also approved by a majority of the
Board of Trustees of the applicable Fund, who are not "interested
persons" (as defined in said Act) of any party to this Agreement, by
vote cast in person at a meeting called for the purpose of voting on
such approval. This Agreement is terminable with respect to a Series
or Fund, without penalty, on 60 days' written notice, by the Board of
Trustees of such Series and Fund or by vote of holders of a majority
of such Series' or Fund's shares, or upon 90 days' written notice, by
the Adviser. This Agreement will also terminate automatically in the
event of its assignment (as defined in said Act).
10. Representation by the Fund
The Funds represent that copies of their Agreements and
Declarations of Trust, together with all amendments thereto, are on
file in such state where such Fund is registered.
11. Use of Names
The Funds recognize that directors, officers and employees
of the Adviser may from time to time serve as directors, trustees,
officers and employees of corporations and business trusts (including
other investment companies) and that such other corporations and
trusts may include the name "CS" or "Credit Suisse" as part of their
names, and that the Adviser or its affiliates may enter into advisory
or other agreements with such other corporations and trusts. If the
Adviser ceases to act as the investment adviser of a Series or Fund,
such Series or Fund agrees that, at the Adviser's request, such
Series' or Fund's license to use the words "CS" or "Credit Suisse"
will terminate and that such Series or Fund will take all necessary
action to change the name of such Series or Fund to names not
including the words "CS" or "Credit Suisse".
12. Miscellaneous
Notice is hereby given that this Agreement is entered into
on behalf of a Fund by an officer of such Fund in his capacity as an
officer and not individually. It is understood and expressly
stipulated that none of the Trustees or shareholders of any Fund
shall be personally liable hereunder. Neither the Trustees, officers,
agents nor shareholders of any Fund assume any personal liability for
obligations entered into on behalf of a Fund. All persons dealing
with a Fund must look solely to the property of such Fund for the
enforcement of any claims against such Fund.
Please confirm that the foregoing is in accordance with your
understanding by indicating your acceptance hereof at the place below
indicated, whereupon it shall become a binding agreement between us.
Very truly yours,
CREDIT SUISSE OPPORTUNITY FUNDS
CREDIT SUISSE HIGH YIELD BOND FUND
By: /s/Karen Regan
Name: Karen Regan
Title: Secretary and Vice President
Accepted:
CREDIT SUISSE ASSET MANAGEMENT, LLC
By: /s/John Popp
Name: John Popp
Title: Managing Director
ANNEX I
TO INVESTMENT ADVISORY AGREEMENT
Annual Fee Rate (as a percentage
of average daily net assets of
Series or Fund such Series or Fund, as applicable)
Credit Suisse Floating
Rate High Income Fund
(a series of the Credit
Suisse Opportunity 0.70 of 1% of the first $100,000,000;
Funds) 0.50 of 1% over $100,000,00
Credit Suisse
Multialternative Strategy
Fund (a series of the Credit 0.95% of the Fund's average daily net
Suisse Opportunity Funds) assets
Credit Suisse Managed
Futures Strategy Fund (a
series of the Credit 0.95% of the Fund's average daily net
Suisse Opportunity Funds) assets
Credit Suisse Strategic
Income Fund (a series of
the Credit Suisse 0.75% of the Fund's average daily net
Opportunity Funds) assets
Credit Suisse Emerging
Markets Equity Fund (a
series of the Credit 0.90% of the Fund's average daily net
Suisse Opportunity Funds) assets
Credit Suisse Volaris U.S.
Strategies Fund (a series of
the Credit Suisse Opportunity 1.00% of the Fund's average daily net
Funds) assets
1% of the first $250,000,000(1)
Credit Suisse High Yield and 0.75 of
Bond Fund 1.00% over $250,000,000
1 The fee is computed at the annual rate of 1% of the average
weekly value of the fund's total assets minus the sum of
accrued liabilities (other than aggregate indebtedness
constituting leverage).
EX-99.77O RULE 10F-3
3
TH82.10F3.txt
10F3
Portfolio: Credit Suisse High Yield Bond Fund
Date Purchased: 9/24/2014
Security: 1011778 BC / NEW RED FIN
Price per Share: 100
Shares Purchased by
the Portfolio: 1,450
% of Offering Purchased
by the Portfolio: 0.06%
Total Principal Purchased
by the Portfolio: $1,450,000.00
Broker: Wells Fargo
Member: Syndicate member
Portfolio: Credit Suisse High Yield Bond Fund
Date Purchased: 6/25/2014
Security: AV HOMES INC
Price per Share: 100
Shares Purchased by
the Portfolio: 1,475
% of Offering Purchased
by the Portfolio: 0.20%
Total Principal Purchased
by the Portfolio: $1,475,000
Broker: JPMorgan Chase Bank, N.A.
Member: Joint Lead Manager
Portfolio: Credit Suisse High Yield Bond Fund
Date Purchased: 6/12/2014
Security: CHESAPEAKE OILFIELD OP
Price per Share: 100
Shares Purchased by
the Portfolio: 2,800
% of Offering Purchased
by the Portfolio: 0.20%
Total Principal Purchased
the Portfolio: $2,800,000
Broker: Banc of America Securities LLC
Member: Syndicate member
Portfolio: Credit Suisse High Yield Bond Fund
Date Purchased: 6/10/2014
Security: DaVita Inc
Price per Share: 100
Shares Purchased by
the Portfolio: 1,200
% of Offering Purchased
by the Portfolio: 0.09%
Total Principal Purchased
by the Portfolio: $1,200,000
Broker: Wells Fargo
Member: Joint Lead Manager
Portfolio: Credit Suisse High Yield Bond Fund
Date Purchased: 6/10/2014
Security: Dynegy Finance I/II Inc.
Price per Share: 100
Shares Purchased by
the Portfolio: 2,750
% of Offering Purchased
by the Portfolio: 7.63%
Total Principal Purchased
by the Portfolio: $2,750,000
Broker: Morgan Stanley & Co., Inc.
Member: Joint Lead Manager
Portfolio: Credit Suisse High Yield Bond Fund
Date Purchased: 5/12/2014
Security: Energy XXI Gulf Coast Inc
Price per Share: 100
Shares Purchased
by the Portfolio: 500
% of Offering Purchased
by the Portfolio: 0.07%
Total Principal Purchased
by the Portfolio: $500,000
Broker: Citigroup Global Markets Inc.
Member: Joint Lead Manager
Portfolio: Credit Suisse High Yield Bond Fund
Date Purchased: 6/12/2014
Security: GATES GLOBAL LLC
Price per Share: 100
Shares Purchased by
the Portfolio: 400
% of Offering Purchased
by the Portfolio: 0.06%
Total Principal Purchased
by the Portfolio: $400,000
Broker: Citigroup Global Markets Inc.
Member: Joint Lead Manager
Portfolio: Credit Suisse High Yield Bond Fund
Date Purchased: 10/08/2014
Security: HCA Inc.
Price per Share: 100
Shares Purchased by
the Portfolio: 100
% of Offering Purchased
by the Portfolio: 5.25%
Total Principal Purchased
by the Portfolio: $1,000,000
Broker: Banc of America Securities LLC
Member: Joint Lead Manager
Portfolio: Credit Suisse High Yield Bond Fund
Date Purchased: 6/12/2014
Security: HILLMAN GROUP INC
Price per Share: 100
Shares Purchased by
the Portfolio: 600
% of Offering Purchased
by the Portfolio: 0.10%
Total Principal Purchased
by the Portfolio: $600,000
Broker: Morgan Stanley & Co., Inc
Member: Syndicate member
Portfolio: Credit Suisse High Yield Bond Fund
Date Purchased: 7/15/2014
Security: INFINITY ACQ LLC/FI CORP
Price per Share: 100
Shares Purchased by
the Portfolio: 3,400
% of Offering Purchased
by the Portfolio: 1.84%
Total Principal Purchased
by the Portfolio: $3,400,000.00
Broker: Banc of America Securities LLC
Member: Joint Lead Manager
Portfolio: Credit Suisse High Yield Bond Fund
Date Purchased: 5/22/2014
Security: Post Holdings Inc
Price per Share: 100
Shares Purchased by
the Portfolio: 1,700
% of Offering Purchased
by the Portfolio: 0.04%
Total Principal Purchased
by the Portfolio: $1,700,000
Broker: Barclays Bank Plc
Member: Joint Lead Manager
Portfolio: Credit Suisse High Yield Bond Fund
Date Purchased: 9/3/2014
Security: T-MOBILE USA INC
Price per Share: 100
Shares Purchased by
the Portfolio: 3,575
% of Offering Purchased
by the Portfolio: 0.21%
Total Principal Purchased
by the Portfolio: 3,575,000.00
Broker: Deutsche Bank Securities Inc
Member: Joint Lead Manager
Portfolio: Credit Suisse High Yield Bond Fund
Date Purchased: 9/3/2014
Security: WPX Energy Inc
Price per Share: 100
Shares Purchased by
the Portfolio: 1,000
% of Offering Purchased
by the Portfolio: 0.20%
Total Principal Purchased
by the Portfolio: $1,000,000.00
Broker: Wells Fargo
Member: Syndicate member
EX-99.77B ACCT LTTR
4
TH82auditletter.txt
AUDIT LETTER
Report of Independent Registered Public
Accounting Firm
To the Board of Trustees and Shareholders of
Credit Suisse High Yield Bond Fund:
In planning and performing our audit of
the financial statements of Credit Suisse
High Yield Bond Fund (hereafter referred
to as the "Fund") as of and for the year
ended October 31, 2014, in accordance
with the standards of the Public Company
Accounting Oversight Board (United
States), we considered the Fund's internal
control over financial reporting,
including controls over safeguarding
securities, as a basis for designing our
auditing procedures for the purpose of
expressing our opinion on the financial
statements and to comply with the
requirements of Form N-SAR, but not for
the purpose of expressing an opinion on
the effectiveness of the Fund's internal
control over financial reporting.
Accordingly, we do not express an
opinion on the effectiveness of the Fund's
internal control over financial reporting.
The management of the Fund is
responsible for establishing and
maintaining effective internal control
over financial reporting. In fulfilling this
responsibility, estimates and judgments
by management are required to assess the
expected benefits and related costs of
controls. A fund's internal control over
financial reporting is a process designed
to provide reasonable assurance
regarding the reliability of financial
reporting and the preparation of financial
statements for external purposes in
accordance with generally accepted
accounting principles. A fund's internal
control over financial reporting includes
those policies and procedures that (1)
pertain to the maintenance of records
that, in reasonable detail, accurately and
fairly reflect the transactions and
dispositions of the assets of the company;
(2) provide reasonable assurance that
transactions are recorded as necessary to
permit preparation of financial
statements in accordance with generally
accepted accounting principles, and that
receipts and expenditures of the company
are being made only in accordance with
authorizations of management and
trustees of the fund; and (3) provide
reasonable assurance regarding
prevention or timely detection of
unauthorized acquisition, use or
disposition of a fund's assets that could
have a material effect on the financial
statements.
Because of its inherent limitations,
internal control over financial
reporting may not prevent or detect
misstatements. Also, projections of
any evaluation of effectiveness to
future periods are subject to the risk
that controls may become inadequate
because of changes in conditions, or
that the degree of compliance with the
policies or procedures may
deteriorate.
A deficiency in internal control over
financial reporting exists when the design
or operation of a control does not allow
management or employees, in the normal
course of performing their assigned
functions, to prevent or detect
misstatements on a timely basis. A
material weakness is a deficiency, or a
combination of deficiencies, in internal
control over financial reporting, such that
there is a reasonable possibility that a
material misstatement of the Fund's annual or
interim financial statements will not be
prevented or detected on a timely basis.
Our consideration of the Fund's internal
control over financial reporting was for the
limited purpose described in the first
paragraph and would not necessarily
disclose all deficiencies in internal control
over financial reporting that might be
material weaknesses under standards
established by the Public Company
Accounting Oversight Board (United
States). However, we noted no deficiencies
in the Fund's internal control over financial
reporting and its operation, including
controls over safeguarding securities, that
we consider to be material weaknesses as
defined above as of October 31, 2014.
This report is intended solely for the
information and use of management and
the Board of Trustees of Credit Suisse High
Yield Bond Fund and the Securities and
Exchange Commission and is not intended
to be and should not be used by anyone
other than these specified parties.
PricewaterhouseCoopers LLP
New York, New York
December 29, 2014