Credit Suisse High Yield Bond Fund
Schedule of Investments
January 31, 2023 (unaudited)
Par (000) |
Ratings |
Maturity | Rate% | Value | ||||||||||||||
CORPORATE BONDS (103.6%) |
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Aerospace & Defense (1.0%) |
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$ | 300 | Bombardier, Inc., Rule 144A, Senior Unsecured Notes (Callable 02/01/26 @ 103.75)(1) |
(B-, B3) | 02/01/29 | 7.500 | $ | 300,333 | |||||||||||
1,205 | KBR, Inc., Rule 144A, Company Guaranteed Notes (Callable 09/30/23 @ 102.38)(1) |
(BB-, Ba3) | 09/30/28 | 4.750 | 1,093,584 | |||||||||||||
800 | TransDigm, Inc., Global Company Guaranteed Notes (Callable 03/03/23 @ 103.75) |
(B-, B3) | 03/15/27 | 7.500 | 807,280 | |||||||||||||
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|
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2,201,197 | ||||||||||||||||||
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Air Transportation (0.8%) |
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600 | XO Management Holdings, Inc., Rule 144A, Senior Unsecured Notes |
(B-, Caa1) | 05/01/27 | 7.875 | 581,385 | |||||||||||||
1,200 | XO Management Holdings, Inc., Rule 144A, Senior Unsecured Notes (Callable 02/01/25 @ 103.19)(1) |
(B-, Caa1) | 02/01/30 | 6.375 | 1,060,140 | |||||||||||||
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|
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1,641,525 | ||||||||||||||||||
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|
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Auto Parts & Equipment (1.3%) |
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1,480 | Clarios U.S. Finance Co., Rule 144A, Company Guaranteed Notes |
(CCC+, Caa1) | 05/15/27 | 8.500 | 1,476,187 | |||||||||||||
1,446 | IHO Verwaltungs GmbH, Rule 144A, Senior Secured Notes, 4.500% Cash, 5.500% PIK |
(BB-, Ba2) | 09/15/26 | 4.750 | 1,325,976 | |||||||||||||
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|
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2,802,163 | ||||||||||||||||||
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|
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Automakers (0.6%) |
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300 | Thor Industries, Inc., Rule 144A, Company Guaranteed Notes (Callable 10/15/24 @ 102.00)(1) |
(BB-, B1) | 10/15/29 | 4.000 | 249,831 | |||||||||||||
990 | Winnebago Industries, Inc., Rule 144A, Senior Secured Notes (Callable 07/15/23 @ 103.13)(1) |
(BB+, Ba3) | 07/15/28 | 6.250 | 953,262 | |||||||||||||
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|
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1,203,093 | ||||||||||||||||||
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|
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Brokerage (0.9%) |
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1,920 | StoneX Group, Inc., Rule 144A, Senior Secured Notes (Callable 03/03/23 @ 104.31)(1) |
(BB-, Ba3) | 06/15/25 | 8.625 | 1,932,230 | |||||||||||||
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|
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Building & Construction (1.6%) |
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2,010 | Adams Homes, Inc., Rule 144A, Company Guaranteed Notes (Callable 02/16/23 @ 101.88)(1) |
(B+, B2) | 02/15/25 | 7.500 | 1,735,169 | |||||||||||||
1,500 | Pike Corp., Rule 144A, Company Guaranteed Notes (Callable 09/01/23 @ 102.75)(1) |
(CCC+, B3) | 09/01/28 | 5.500 | 1,327,515 | |||||||||||||
525 | TopBuild Corp., Rule 144A, Company Guaranteed Notes (Callable 03/15/24 @ 101.81)(1) |
(BB+, Ba2) | 03/15/29 | 3.625 | 449,096 | |||||||||||||
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3,511,780 | ||||||||||||||||||
|
|
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Building Materials (7.3%) |
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2,250 | Advanced Drainage Systems, Inc., Rule 144A, Company Guaranteed Notes |
(BB-, Ba2) | 06/15/30 | 6.375 | 2,237,820 | |||||||||||||
300 | Builders FirstSource, Inc., Rule 144A, Company Guaranteed Notes (Callable 03/01/25 @ 102.50)(1) |
(BB-, Ba2) | 03/01/30 | 5.000 | 280,165 | |||||||||||||
2,100 | Builders FirstSource, Inc., Rule 144A, Company Guaranteed Notes (Callable 06/15/27 @ 103.19)(1) |
(BB-, Ba2) | 06/15/32 | 6.375 | 2,058,636 | |||||||||||||
1,150 | Eco Material Technologies, Inc., Rule 144A, Senior Secured Notes (Callable 01/31/24 @ 103.94)(1) |
(B, B2) | 01/31/27 | 7.875 | 1,107,916 | |||||||||||||
3,389 | Foundation Building Materials, Inc., Rule 144A, Company Guaranteed Notes |
(CCC+, Caa1) | 03/01/29 | 6.000 | 2,730,043 | |||||||||||||
639 | LBM Acquisition LLC, Rule 144A, Company Guaranteed Notes (Callable 01/15/24 @ 103.13)(1) |
(CCC, Caa2) | 01/15/29 | 6.250 | 481,461 | |||||||||||||
2,797 | MIWD Finance Corp., Rule 144A, Company Guaranteed Notes (Callable 02/01/25 @ 102.75)(1) |
(B, B3) | 02/01/30 | 5.500 | 2,331,719 | |||||||||||||
1,750 | Oscar Finance, Inc., Rule 144A, Senior Unsecured Notes (Callable 04/15/25 @ 104.75)(1),(2) |
(CCC+, Caa1) | 04/15/30 | 9.500 | 1,568,446 | |||||||||||||
1,410 | Park River Holdings, Inc., Rule 144A, Company Guaranteed Notes (Callable 02/01/24 @ 102.81)(1) |
(CCC, Caa1) | 02/01/29 | 5.625 | 985,546 | |||||||||||||
700 | Park River Holdings, Inc., Rule 144A, Senior Unsecured Notes (Callable 08/01/24 @ 103.38)(1) |
(CCC, Caa1) | 08/01/29 | 6.750 | 497,896 |
Credit Suisse High Yield Bond Fund
Schedule of Investments (continued)
January 31, 2023 (unaudited)
Par (000) |
Ratings |
Maturity | Rate% | Value | ||||||||||||||
CORPORATE BONDS (continued) |
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Building Materials (continued) |
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$ | 1,800 | PGT Innovations, Inc., Rule 144A, Company Guaranteed Notes (Callable 10/01/24 @ 102.19)(1) |
(B+, B1) | 10/01/29 | 4.375 | $ | 1,555,515 | |||||||||||
|
|
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15,835,163 | ||||||||||||||||||
|
|
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Cable & Satellite TV (3.0%) |
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600 | CSC Holdings LLC / CCO Holdings Capital Corp., Rule 144A, Senior Unsecured Notes |
(BB-, B1) | 03/01/31 | 7.375 | 601,872 | |||||||||||||
1,315 | CSC Holdings LLC, Global Senior Unsecured |
(B-, Caa1) | 06/01/24 | 5.250 | 1,285,288 | |||||||||||||
525 | CSC Holdings LLC, Rule 144A, Company Guaranteed Notes (Callable 03/03/23 @ 102.75)(1) |
(B+, B1) | 04/15/27 | 5.500 | 463,050 | |||||||||||||
750 | CSC Holdings LLC, Rule 144A, Company Guaranteed Notes (Callable 03/03/23 @ 102.69)(1) |
(B+, B1) | 02/01/28 | 5.375 | 630,191 | |||||||||||||
900 | CSC Holdings LLC, Rule 144A, Company Guaranteed Notes (Callable 11/15/26 @ 102.25)(1) |
(B+, B1) | 11/15/31 | 4.500 | 662,328 | |||||||||||||
2,000 | Telenet Finance Luxembourg Notes Sarl, Rule 144A, Senior Secured Notes |
(BB-, Ba3) | 03/01/28 | 5.500 | 1,869,000 | |||||||||||||
1,200 | UPC Broadband Finco B.V., Rule 144A, Senior Secured Notes (Callable 07/15/26 @ 102.44)(1) |
(BB-, B1) | 07/15/31 | 4.875 | 1,057,386 | |||||||||||||
|
|
|||||||||||||||||
6,569,115 | ||||||||||||||||||
|
|
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Chemicals (4.5%) |
||||||||||||||||||
300 | Avient Corp., Rule 144A, Senior Unsecured Notes (Callable 03/03/23 @ 102.88)(1) |
(BB-, Ba3) | 05/15/25 | 5.750 | 297,274 | |||||||||||||
715 | Avient Corp., Rule 144A, Senior Unsecured Notes (Callable 08/01/25 @ 103.56)(1) |
(BB-, Ba3) | 08/01/30 | 7.125 | 721,205 | |||||||||||||
950 | Herens Holdco Sarl, Rule 144A, Senior Secured Notes (Callable 05/15/24 @ 102.38)(1) |
(B-, B2) | 05/15/28 | 4.750 | 780,197 | |||||||||||||
1,200 | Herens Midco Sarl, Rule 144A, Company Guaranteed Notes (Callable 05/15/24 @ 102.63)(1),(4) |
(CCC, Caa2) | 05/15/29 | 5.250 | 898,174 | |||||||||||||
525 | Olympus Water U.S. Holding Corp., Rule 144A, Senior Unsecured Notes |
(CCC+, Caa2) | 10/01/29 | 6.250 | 436,375 | |||||||||||||
272 | Reichhold Industries, Inc., PIK, Rule 144A, Senior Secured Notes(1),(3),(5),(6),(7),(8),(9) |
(NR, WR) | 05/01/18 | 0.000 | 3,667 | |||||||||||||
2,100 | Schenectady International Group, Inc., Rule 144A, Senior Unsecured Notes |
(CCC+, Caa2) | 05/15/26 | 6.750 | 949,767 | |||||||||||||
600 | Trinseo Materials Finance, Inc., Rule 144A, Company Guaranteed Notes (Callable 04/01/24 @ 102.56)(1) |
(B-, B2) | 04/01/29 | 5.125 | 433,137 | |||||||||||||
1,200 | Tronox, Inc., Rule 144A, Company Guaranteed Notes (Callable 03/15/24 @ 102.31)(1) |
(BB-, B1) | 03/15/29 | 4.625 | 1,027,764 | |||||||||||||
1,800 | Valvoline, Inc., Rule 144A, Company Guaranteed Notes (Callable 02/15/25 @ 102.13)(1) |
(B+, Ba3) | 02/15/30 | 4.250 | 1,768,994 | |||||||||||||
3,335 | Vibrantz Technologies, Inc., Rule 144A, Senior Unsecured Notes (Callable 02/15/25 @ 104.50)(1) |
(CCC+, Caa2) | 02/15/30 | 9.000 | 2,575,118 | |||||||||||||
|
|
|||||||||||||||||
9,891,672 | ||||||||||||||||||
|
|
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Consumer/Commercial/Lease Financing (1.2%) |
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2,900 | Cargo Aircraft Management, Inc., Rule 144A, Company Guaranteed Notes |
(BB, Ba2) | 02/01/28 | 4.750 | 2,627,879 | |||||||||||||
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|
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Diversified Capital Goods (1.8%) |
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2,025 | Atkore, Inc., Rule 144A, Senior Unsecured Notes (Callable 06/01/26 @ 102.13)(1) |
(BB, Ba2) | 06/01/31 | 4.250 | 1,781,504 | |||||||||||||
2,547 | GrafTech Finance, Inc., Rule 144A, Senior Secured Notes (Callable 12/15/23 @ 102.31)(1) |
(BB, Ba3) | 12/15/28 | 4.625 | 2,179,362 | |||||||||||||
|
|
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3,960,866 | ||||||||||||||||||
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|
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Electronics (1.0%) |
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751 | Coherent Corp., Rule 144A, Company Guaranteed Notes (Callable 12/14/24 @ 102.50)(1) |
(B+, B2) | 12/15/29 | 5.000 | 683,195 | |||||||||||||
1,800 | Synaptics, Inc., Rule 144A, Company Guaranteed Notes (Callable 06/15/24 @ 102.00)(1) |
(B+, Ba3) | 06/15/29 | 4.000 | 1,561,689 | |||||||||||||
|
|
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2,244,884 | ||||||||||||||||||
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|
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Energy - Exploration & Production (3.0%) |
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62 | CNX Resources Corp., Rule 144A, Company Guaranteed Notes (Callable 03/03/23 @ 105.44)(1) |
(BB, B1) | 03/14/27 | 7.250 | 61,779 |
Credit Suisse High Yield Bond Fund
Schedule of Investments (continued)
January 31, 2023 (unaudited)
Par (000) |
Ratings |
Maturity | Rate% | Value | ||||||||||||||
CORPORATE BONDS (continued) |
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Energy - Exploration & Production (continued) |
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$ | 800 | CNX Resources Corp., Rule 144A, Company Guaranteed Notes (Callable 01/15/24 @ 104.50)(1) |
(BB, B1) | 01/15/29 | 6.000 | $ | 738,392 | |||||||||||
2,515 | Northern Oil & Gas, Inc., Rule 144A, Senior Unsecured Notes (Callable 03/01/24 @ 104.06)(1) |
(B+, B3) | 03/01/28 | 8.125 | 2,509,134 | |||||||||||||
2,100 | Rockcliff Energy II LLC, Rule 144A, Senior Unsecured Notes (Callable 10/15/24 @ 102.75)(1) |
(B+, B3) | 10/15/29 | 5.500 | 2,000,871 | |||||||||||||
1,315 | W&T Offshore, Inc., Rule 144A, Secured Notes (Callable 02/08/23 @ 100.00)(1) |
(B, Caa2) | 11/01/23 | 9.750 | 1,316,366 | |||||||||||||
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6,626,542 | ||||||||||||||||||
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Environmental (0.4%) |
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900 | Darling Ingredients, Inc., Rule 144A, Company Guaranteed Notes (Callable 06/15/25 @ 103.00)(1) |
(BB+, Ba2) | 06/15/30 | 6.000 | 896,612 | |||||||||||||
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|
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Food - Wholesale (0.5%) |
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1,150 | U.S. Foods, Inc., Rule 144A, Company Guaranteed Notes (Callable 06/01/25 @ 102.31)(1),(2) |
(B+, B3) | 06/01/30 | 4.625 | 1,032,137 | |||||||||||||
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Gaming (1.3%) |
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500 | Boyd Gaming Corp., Rule 144A, Company Guaranteed Notes (Callable 06/15/26 @ 102.38)(1) |
(BB, B3) | 06/15/31 | 4.750 | 450,577 | |||||||||||||
1,200 | CDI Escrow Issuer, Inc., Rule 144A, Senior Unsecured Notes (Callable 04/01/25 @ 102.88)(1) |
(B+, B1) | 04/01/30 | 5.750 | 1,139,886 | |||||||||||||
332 | Churchill Downs, Inc., Rule 144A, Company Guaranteed Notes (Callable 03/03/23 @ 102.38)(1) |
(B+, B1) | 01/15/28 | 4.750 | 311,074 | |||||||||||||
618 | Fertitta Entertainment Finance Co., Inc, Rule 144A, Senior Secured Notes |
(B, B2) | 01/15/29 | 4.625 | 546,235 | |||||||||||||
338 | Jacobs Entertainment, Inc., Rule 144A, Senior Unsecured Notes (Callable 02/15/25 @ 103.38)(1) |
(B, B2) | 02/15/29 | 6.750 | 311,693 | |||||||||||||
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2,759,465 | ||||||||||||||||||
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Gas Distribution (4.6%) |
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1,200 | CNX Midstream Partners LP, Rule 144A, Company Guaranteed Notes (Callable 04/15/25 @ 102.38)(1) |
(BB, B1) | 04/15/30 | 4.750 | 1,017,168 | |||||||||||||
1,125 | Genesis Energy Finance Corp., Company Guaranteed Notes (Callable 03/03/23 @ 101.56) |
(B, B2) | 05/15/26 | 6.250 | 1,076,382 | |||||||||||||
429 | Genesis Energy Finance Corp., Global Senior Unsecured Notes (Callable 04/15/26 @ 104.44) |
(B, B2) | 04/15/30 | 8.875 | 437,039 | |||||||||||||
1,800 | Hess Midstream Operations LP, Rule 144A, Company Guaranteed Notes (Callable 06/15/23 @ 102.56)(1) |
(BB+, Ba2) | 06/15/28 | 5.125 | 1,697,221 | |||||||||||||
600 | Hess Midstream Operations LP, Rule 144A, Company Guaranteed Notes (Callable 10/15/25 @ 102.75)(1) |
(BB+, Ba2) | 10/15/30 | 5.500 | 560,283 | |||||||||||||
600 | Holly Energy Finance Corp., Rule 144A, Company Guaranteed Notes (Callable 04/15/24 @ 103.19)(1) |
(BB+, Ba3) | 04/15/27 | 6.375 | 594,825 | |||||||||||||
1,450 | New Fortress Energy, Inc., Rule 144A, Senior Secured Notes (Callable 03/31/23 @ 103.25)(1) |
(BB, B1) | 09/30/26 | 6.500 | 1,336,191 | |||||||||||||
1,770 | Rockies Express Pipeline LLC, Rule 144A, Senior Unsecured Notes (Callable 04/15/29 @ 100.00)(1) |
(BB+, Ba2) | 07/15/29 | 4.950 | 1,601,934 | |||||||||||||
915 | Rockies Express Pipeline LLC, Rule 144A, Senior Unsecured Notes (Callable 02/15/30 @ 100.00)(1) |
(BB+, Ba2) | 05/15/30 | 4.800 | 816,322 | |||||||||||||
750 | Tallgrass Energy Finance Corp., Rule 144A, Company Guaranteed Notes (Callable 03/03/23 @ 105.63)(1) |
(BB-, B1) | 10/01/25 | 7.500 | 762,641 | |||||||||||||
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9,900,006 | ||||||||||||||||||
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Health Facility (0.2%) |
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600 | Option Care Health, Inc., Rule 144A, Company Guaranteed Notes (Callable 10/31/24 @ 102.19)(1) |
(B-, B3) | 10/31/29 | 4.375 | 519,103 | |||||||||||||
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Health Services (2.9%) |
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1,560 | AMN Healthcare, Inc., Rule 144A, Company Guaranteed Notes (Callable 04/15/24 @ 102.00)(1) |
(BB-, Ba3) | 04/15/29 | 4.000 | 1,351,175 | |||||||||||||
2,400 | AthenaHealth Group, Inc., Rule 144A, Senior Unsecured Notes (Callable 02/15/25 @ 103.25)(1),(2) |
(CCC, Caa2) | 02/15/30 | 6.500 | 1,992,026 | |||||||||||||
969 | Pediatrix Medical Group, Inc., Rule 144A, Company Guaranteed Notes (Callable 02/15/25 @ 102.69)(1),(2) |
(BB-, Ba3) | 02/15/30 | 5.375 | 857,633 |
Credit Suisse High Yield Bond Fund
Schedule of Investments (continued)
January 31, 2023 (unaudited)
Par (000) |
Ratings |
Maturity | Rate% | Value | ||||||||||||||
CORPORATE BONDS (continued) |
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Health Services (continued) |
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$ | 3,650 | Radiology Partners, Inc., Rule 144A, Company Guaranteed Notes (Callable 03/03/23 @ 104.63)(1) |
(CCC, Caa3) | 02/01/28 | 9.250 | $ | 2,213,780 | |||||||||||
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6,414,614 | ||||||||||||||||||
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Insurance Brokerage (4.3%) |
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1,000 | Acrisure Finance, Inc., Rule 144A, Senior Unsecured Notes (Callable 03/03/23 @ 107.59)(1) |
(CCC+, Caa2) | 08/01/26 | 10.125 | 1,001,217 | |||||||||||||
893 | GTCR AP Finance, Inc., Rule 144A, Senior Unsecured Notes (Callable 03/03/23 @ 104.00)(1) |
(CCC+, Caa2) | 05/15/27 | 8.000 | 878,225 | |||||||||||||
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 | 1,527,548 | |||||||||||||
950 | NFP Corp., Rule 144A, Senior Secured Notes (Callable 08/15/23 @ 102.44)(1) |
(B, B1) | 08/15/28 | 4.875 | 830,827 | |||||||||||||
600 | NFP Corp., Rule 144A, Senior Secured Notes (Callable 10/01/25 @ 103.75)(1) |
(B, B1) | 10/01/30 | 7.500 | 572,748 | |||||||||||||
4,055 | NFP Corp., Rule 144A, Senior Unsecured Notes (Callable 08/15/23 @ 103.44)(1) |
(CCC+, Caa2) | 08/15/28 | 6.875 | 3,516,679 | |||||||||||||
1,200 | Ryan Specialty Group LLC, Rule 144A, Senior Secured Notes (Callable 02/01/25 @ 102.19)(1) |
(BB-, B1) | 02/01/30 | 4.375 | 1,082,712 | |||||||||||||
|
|
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9,409,956 | ||||||||||||||||||
|
|
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Investments & Misc. Financial Services (2.9%) |
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2,550 | Armor Holdco, Inc., Rule 144A, Company Guaranteed Notes (Callable 11/15/24 @ 104.25)(1) |
(CCC+, Caa1) | 11/15/29 | 8.500 | 2,178,236 | |||||||||||||
2,050 | Compass Group Diversified Holdings LLC, Rule 144A, Company Guaranteed Notes |
(B+, B1) | 04/15/29 | 5.250 | 1,847,337 | |||||||||||||
1,150 | Compass Group Diversified Holdings LLC, Rule 144A, Senior Unsecured Notes |
(B+, B1) | 01/15/32 | 5.000 | 947,981 | |||||||||||||
1,560 | Home Point Capital, Inc., Rule 144A, Company Guaranteed Notes (Callable 03/03/23 @ 102.50)(1) |
(NR, Caa1) | 02/01/26 | 5.000 | 1,126,179 | |||||||||||||
300 | 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 | 238,888 | |||||||||||||
|
|
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6,338,621 | ||||||||||||||||||
|
|
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Machinery (6.1%) |
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2,150 | Arcosa, Inc., Rule 144A, Company Guaranteed Notes (Callable 04/15/24 @ 102.19)(1) |
(BB, Ba2) | 04/15/29 | 4.375 | 1,925,478 | |||||||||||||
2,495 | ATS Corp., Rule 144A, Company Guaranteed Notes (Callable 12/15/23 @ 102.06)(1) |
(BB-, B2) | 12/15/28 | 4.125 | 2,238,252 | |||||||||||||
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 | 1,579,387 | |||||||||||||
2,850 | Granite U.S. Holdings Corp., Rule 144A, Company Guaranteed Notes (Callable 03/03/23 @ 105.50)(1) |
(CCC+, Caa1) | 10/01/27 | 11.000 | 3,014,958 | |||||||||||||
3,335 | Harsco Corp., Rule 144A, Company Guaranteed Notes (Callable 03/03/23 @ 102.88)(1) |
(B, B3) | 07/31/27 | 5.750 | 2,825,745 | |||||||||||||
600 | Hillenbrand, Inc., Global Company Guaranteed Notes (Callable 03/03/23 @ 102.88) |
(BB+, Ba1) | 06/15/25 | 5.750 | 603,981 | |||||||||||||
500 | Regal Rexnord Corp., Rule 144A, Company Guaranteed Notes (Callable 12/15/29 @ 100.00)(1) |
(BB+, Baa3) | 02/15/30 | 6.300 | 509,148 | |||||||||||||
500 | Regal Rexnord Corp., Rule 144A, Company Guaranteed Notes (Callable 01/15/33 @ 100.00)(1) |
(BB+, Baa3) | 04/15/33 | 6.400 | 512,357 | |||||||||||||
|
|
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13,209,306 | ||||||||||||||||||
|
|
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Managed Care (0.3%) |
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750 | HealthEquity, Inc., Rule 144A, Company Guaranteed Notes (Callable 10/01/24 @ 102.25)(1) |
(B, B3) | 10/01/29 | 4.500 | 672,413 | |||||||||||||
|
|
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Media - Diversified (0.1%) |
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300 | News Corp., Rule 144A, Company Guaranteed Notes (Callable 02/15/27 @ 102.56)(1) |
(BB+, Ba1) | 02/15/32 | 5.125 | 282,839 | |||||||||||||
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|||||||||||||||||
Media Content (0.5%) |
||||||||||||||||||
1,200 | Sirius XM Radio, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/01/24 @ 102.75)(1) |
(BB, Ba3) | 07/01/29 | 5.500 | 1,126,152 | |||||||||||||
|
|
Credit Suisse High Yield Bond Fund
Schedule of Investments (continued)
January 31, 2023 (unaudited)
Par (000) |
Ratings |
Maturity | Rate% | Value | ||||||||||||||
CORPORATE BONDS (continued) |
||||||||||||||||||
Medical Products (1.2%) |
||||||||||||||||||
$ | 1,000 | Embecta Corp., Rule 144A, Senior Secured Notes (Callable 02/15/27 @ 101.25)(1) |
(B+, Ba3) | 02/15/30 | 5.000 | $ | 826,389 | |||||||||||
2,100 | Medline Borrower LP, Rule 144A, Senior Unsecured Notes (Callable 10/01/24 @ 102.63)(1),(2) |
(B-, Caa1) | 10/01/29 | 5.250 | 1,783,698 | |||||||||||||
|
|
|||||||||||||||||
2,610,087 | ||||||||||||||||||
|
|
|||||||||||||||||
Metals & Mining - Excluding Steel (5.0%) |
||||||||||||||||||
1,200 | Alcoa Nederland Holding B.V., Rule 144A, Company Guaranteed Notes |
(BB+, Baa3) | 12/15/27 | 5.500 | 1,187,760 | |||||||||||||
375 | Canpack U.S. LLC, Rule 144A, Company Guaranteed Notes (Callable 11/15/24 @ 101.94)(1) |
(BB-, NR) | 11/15/29 | 3.875 | 311,842 | |||||||||||||
2,700 | ERO Copper Corp., Rule 144A, Company Guaranteed Notes (Callable 02/15/25 @ 103.25)(1) |
(B, B1) | 02/15/30 | 6.500 | 2,307,864 | |||||||||||||
2,150 | First Quantum Minerals Ltd., Rule 144A, Company Guaranteed Notes (Callable 02/13/23 @ 103.44)(1) |
(B+, NR) | 03/01/26 | 6.875 | 2,078,808 | |||||||||||||
600 | Kaiser Aluminum Corp., Rule 144A, Company Guaranteed Notes (Callable 03/03/23 @ 102.31)(1) |
(BB-, B1) | 03/01/28 | 4.625 | 543,735 | |||||||||||||
600 | Kaiser Aluminum Corp., Rule 144A, Company Guaranteed Notes (Callable 06/01/26 @ 102.25)(1) |
(BB-, B1) | 06/01/31 | 4.500 | 508,143 | |||||||||||||
182 | Novelis Corp., Rule 144A, Company Guaranteed Notes (Callable 01/30/25 @ 102.38)(1) |
(BB, Ba3) | 01/30/30 | 4.750 | 164,986 | |||||||||||||
1,692 | SunCoke Energy, Inc., Rule 144A, Senior Secured Notes (Callable 06/30/24 @ 102.44)(1) |
(BB, B1) | 06/30/29 | 4.875 | 1,488,204 | |||||||||||||
2,325 | Taseko Mines Ltd., Rule 144A, Senior Secured Notes (Callable 03/03/23 @ 103.50)(1) |
(B-, B3) | 02/15/26 | 7.000 | 2,206,297 | |||||||||||||
|
|
|||||||||||||||||
10,797,639 | ||||||||||||||||||
|
|
|||||||||||||||||
Non - Electric Utilities (0.1%) |
||||||||||||||||||
300 | Suburban Energy Finance Corp., Rule 144A, Senior Unsecured Notes (Callable 06/01/26 @ 102.50)(1) |
(BB-, B1) | 06/01/31 | 5.000 | 261,407 | |||||||||||||
|
|
|||||||||||||||||
Packaging (3.3%) |
||||||||||||||||||
690 | Ardagh Metal Packaging Finance PLC, Rule 144A, Senior Unsecured Notes |
(B+, B3) | 09/01/29 | 3.000 | 585,456 | |||||||||||||
600 | Ball Corp., Global Company Guaranteed Notes (Callable 11/15/24 @ 103.44) |
(BB+, Ba1) | 03/15/28 | 6.875 | 620,286 | |||||||||||||
300 | Chart Industries, Inc., Rule 144A, Senior Secured Notes (Callable 01/01/26 @ 103.75)(1) |
(B+, Ba3) | 01/01/30 | 7.500 | 306,750 | |||||||||||||
600 | Intelligent Packaging Ltd. Co-Issuer LLC, Rule 144A,
Senior Secured Notes |
(B-, B3) | 09/15/28 | 6.000 | 531,588 | |||||||||||||
750 | Mauser Packaging Solutions Holding Co., Rule 144A, Senior Secured Notes |
(B, B2) | 08/15/26 | 7.875 | 757,500 | |||||||||||||
1,200 | Trident TPI Holdings, Inc., Rule 144A, Company Guaranteed Notes (Callable 02/13/23 @ 102.31)(1) |
(CCC+, Caa2) | 08/01/24 | 9.250 | 1,172,457 | |||||||||||||
3,570 | TriMas Corp., Rule 144A, Company Guaranteed Notes (Callable 04/15/24 @ 102.06)(1) |
(BB-, Ba3) | 04/15/29 | 4.125 | 3,182,137 | |||||||||||||
|
|
|||||||||||||||||
7,156,174 | ||||||||||||||||||
|
|
|||||||||||||||||
Personal & Household Products (1.4%) |
||||||||||||||||||
1,200 | Diamond BC B.V., Rule 144A, Company Guaranteed Notes (Callable 10/01/24 @ 102.31)(1),(2) |
(B, Caa1) | 10/01/29 | 4.625 | 1,010,964 | |||||||||||||
2,000 | High Ridge Brands Co., Rule 144A, Senior Unsecured Notes (1),(5),(7),(8) |
(NR, NR) | 03/15/25 | 0.000 | 40,000 | |||||||||||||
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 | 1,898,820 | |||||||||||||
|
|
|||||||||||||||||
2,949,784 | ||||||||||||||||||
|
|
|||||||||||||||||
Pharmaceuticals (2.2%) |
||||||||||||||||||
1,600 | Bausch Health Cos., Inc., Rule 144A, Company Guaranteed Notes (Callable 05/30/24 @ 103.63)(1) |
(CCC, Ca) | 05/30/29 | 7.250 | 717,985 | |||||||||||||
325 | Bausch Health Cos., Inc., Rule 144A, Company Guaranteed Notes (Callable 01/30/25 @ 102.63)(1) |
(CCC, Ca) | 01/30/30 | 5.250 | 143,404 | |||||||||||||
600 | Bausch Health Cos., Inc., Rule 144A, Senior Secured Notes (Callable 06/01/24 @ 102.44)(1) |
(B-, Caa1) | 06/01/28 | 4.875 | 386,484 | |||||||||||||
1,064 | Emergent BioSolutions, Inc., Rule 144A, Company Guaranteed Notes (Callable 08/15/23 @ 101.94)(1) |
(B, Caa1) | 08/15/28 | 3.875 | 464,191 |
Credit Suisse High Yield Bond Fund
Schedule of Investments (continued)
January 31, 2023 (unaudited)
Par (000) |
Ratings |
Maturity | Rate% | Value | ||||||||||||||
CORPORATE BONDS (continued) |
||||||||||||||||||
Pharmaceuticals (continued) |
||||||||||||||||||
$ | 1,350 | Endo Finance LLC, Rule 144A, Senior Secured Notes (Callable 03/03/23 @ 100.00)(1),(5),(7) |
(NR, NR) | 10/15/24 | 5.875 | $ | 1,154,250 | |||||||||||
600 | Endo U.S., Inc., Rule 144A, Senior Secured Notes (Callable 04/01/24 @ 104.59)(1),(5),(7) |
(NR, NR) | 04/01/29 | 6.125 | 468,149 | |||||||||||||
800 | Grifols Escrow Issuer S.A., Rule 144A, Senior Unsecured Notes (Callable 10/15/24 @ 102.38)(1) |
(B-, B3) | 10/15/28 | 4.750 | 696,808 | |||||||||||||
900 | Syneos Health, Inc., Rule 144A, Company Guaranteed Notes (Callable 01/15/24 @ 101.81)(1) |
(BB-, B1) | 01/15/29 | 3.625 | 729,194 | |||||||||||||
|
|
|||||||||||||||||
4,760,465 | ||||||||||||||||||
|
|
|||||||||||||||||
Real Estate Development & Management (0.5%) |
||||||||||||||||||
1,867 | WeWork Cos., Inc., Rule 144A, Company Guaranteed Notes(1) |
(CCC+, WR) | 05/01/25 | 7.875 | 1,010,840 | |||||||||||||
|
|
|||||||||||||||||
Real Estate Investment Trusts (1.7%) |
||||||||||||||||||
1,906 | Global Net Lease Operating Partnership LP, Rule 144A, Company Guaranteed Notes |
(BBB-, Ba3) | 12/15/27 | 3.750 | 1,609,965 | |||||||||||||
2,100 | iStar, Inc., Global Senior Unsecured Notes |
(BB, Ba2) | 02/15/26 | 5.500 | 2,117,902 | |||||||||||||
|
|
|||||||||||||||||
3,727,867 | ||||||||||||||||||
|
|
|||||||||||||||||
Recreation & Travel (5.4%) |
||||||||||||||||||
1,800 | Boyne U.S.A., Inc., Rule 144A, Senior Unsecured Notes (Callable 05/15/24 @ 102.38)(1) |
(B, B1) | 05/15/29 | 4.750 | 1,633,065 | |||||||||||||
1,817 | Merlin Entertainments Ltd., Rule 144A, Secured Notes (Callable 03/17/26 @ 100.00)(1) |
(B, B2) | 06/15/26 | 5.750 | 1,731,763 | |||||||||||||
3,475 | SeaWorld Parks & Entertainment, Inc., Rule 144A, Company Guaranteed Notes |
(B, B3) | 08/15/29 | 5.250 | 3,144,580 | |||||||||||||
450 | SeaWorld Parks & Entertainment, Inc., Rule 144A, Senior Secured Notes |
(BB, Ba3) | 05/01/25 | 8.750 | 463,450 | |||||||||||||
2,150 | Six Flags Entertainment Corp., Rule 144A, Company Guaranteed Notes (Callable 03/03/23 @ 100.00)(1) |
(B, B3) | 07/31/24 | 4.875 | 2,106,828 | |||||||||||||
2,835 | Speedway Funding II, Inc., Rule 144A, Senior Unsecured Notes (Callable 03/03/23 @ 102.44)(1) |
(BB, B2) | 11/01/27 | 4.875 | 2,650,885 | |||||||||||||
|
|
|||||||||||||||||
11,730,571 | ||||||||||||||||||
|
|
|||||||||||||||||
Restaurants (0.8%) |
||||||||||||||||||
1,825 | Yum! Brands, Inc., Global Senior Unsecured Notes (Callable 04/01/27 @ 102.69) |
(BB, Ba3) | 04/01/32 | 5.375 | 1,728,670 | |||||||||||||
|
|
|||||||||||||||||
Software - Services (7.1%) |
||||||||||||||||||
1,300 | Central Parent, Inc., Rule 144A, Senior Secured Notes (Callable 06/15/25 @ 103.63)(1) |
(B+, B1) | 06/15/29 | 7.250 | 1,298,432 | |||||||||||||
3,150 | Elastic NV, Rule 144A, Senior Unsecured Notes (Callable 07/15/24 @ 102.06)(1) |
(B+, B1) | 07/15/29 | 4.125 | 2,699,857 | |||||||||||||
2,675 | Endurance International Group Holdings, Inc., Rule 144A, Senior Unsecured Notes |
(CCC+, Caa2) | 02/15/29 | 6.000 | 1,904,459 | |||||||||||||
945 | Open Text Corp., Rule 144A, Company Guaranteed Notes (Callable 12/01/24 @ 101.94)(1) |
(BB-, Ba3) | 12/01/29 | 3.875 | 787,190 | |||||||||||||
1,200 | Open Text Corp., Rule 144A, Senior Secured Notes (Callable 11/01/27 @ 100.00)(1) |
(BBB-, Ba1) | 12/01/27 | 6.900 | 1,231,290 | |||||||||||||
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 | 1,017,887 | |||||||||||||
2,512 | Presidio Holdings, Inc., Rule 144A, Company Guaranteed Notes (Callable 03/03/23 @ 104.13)(1) |
(CCC+, Caa1) | 02/01/28 | 8.250 | 2,418,855 | |||||||||||||
4,060 | Virtusa Corp., Rule 144A, Senior Unsecured Notes (Callable 12/15/23 @ 103.56)(1) |
(CCC+, Caa1) | 12/15/28 | 7.125 | 3,416,794 | |||||||||||||
900 | ZoomInfo Finance Corp., Rule 144A, Company Guaranteed Notes |
(B+, B1) | 02/01/29 | 3.875 | 777,299 | |||||||||||||
|
|
|||||||||||||||||
15,552,063 | ||||||||||||||||||
|
|
|||||||||||||||||
Specialty Retail (3.4%) |
||||||||||||||||||
61 | Asbury Automotive Group, Inc., Global Company Guaranteed Notes (Callable 03/01/23 @ 102.25) |
(BB, B1) | 03/01/28 | 4.500 | 55,312 | |||||||||||||
733 | Asbury Automotive Group, Inc., Global Company Guaranteed Notes (Callable 03/01/25 @ 102.38) |
(BB, B1) | 03/01/30 | 4.750 | 641,919 |
Credit Suisse High Yield Bond Fund
Schedule of Investments (continued)
January 31, 2023 (unaudited)
Par (000) |
Ratings |
Maturity | Rate% | Value | ||||||||||||||
CORPORATE BONDS (continued) |
||||||||||||||||||
Specialty Retail (continued) |
||||||||||||||||||
$ | 300 | Asbury Automotive Group, Inc., Rule 144A, Company Guaranteed Notes |
(BB, B1) | 11/15/29 | 4.625 | $ | 265,509 | |||||||||||
300 | Asbury Automotive Group, Inc., Rule 144A, Company Guaranteed Notes |
(BB, B1) | 02/15/32 | 5.000 | 257,503 | |||||||||||||
102 | Eagle Intermediate Global Holdings B.V. (8),(9) |
(NR, NR) | 05/01/25 | 0.000 | 47,485 | |||||||||||||
77 | Eagle Intermediate Global Holdings B.V., Rule 144A, Senior Secured Notes |
(NR, NR) | 05/01/25 | 7.500 | 46,905 | |||||||||||||
2,800 | Eagle Intermediate Global Holdings B.V., Rule 144A, Senior Secured Notes |
(NR, Caa1) | 05/01/25 | 7.500 | 1,767,500 | |||||||||||||
1,425 | eG Global Finance PLC, Rule 144A, Senior Secured Notes (Callable 03/03/23 @ 102.13)(1) |
(B-, B3) | 10/30/25 | 8.500 | 1,345,364 | |||||||||||||
600 | LCM Investments Holdings II LLC, Rule 144A, Senior Unsecured Notes |
(BB-, B2) | 05/01/29 | 4.875 | 496,071 | |||||||||||||
300 | Murphy Oil U.S.A., Inc., Rule 144A, Company Guaranteed Notes (Callable 02/15/26 @ 101.88)(1) |
(BB+, Ba2) | 02/15/31 | 3.750 | 251,162 | |||||||||||||
900 | Sonic Automotive, Inc., Rule 144A, Company Guaranteed Notes |
(BB-, B1) | 11/15/29 | 4.625 | 745,735 | |||||||||||||
1,725 | Sonic Automotive, Inc., Rule 144A, Company Guaranteed Notes (Callable 11/15/26 @ 102.44)(1) |
(BB-, B1) | 11/15/31 | 4.875 | 1,377,430 | |||||||||||||
195 | Wolverine World Wide, Inc., Rule 144A, Company Guaranteed Notes (Callable 08/15/24 @ 102.00)(1) |
(B+, Ba3) | 08/15/29 | 4.000 | 157,146 | |||||||||||||
|
|
|||||||||||||||||
7,455,041 | ||||||||||||||||||
|
|
|||||||||||||||||
Steel Producers/Products (0.7%) |
||||||||||||||||||
2,095 | TMS International Corp., Rule 144A, Senior Unsecured Notes (Callable 04/15/24 @ 103.13)(1) |
(B, Caa1) | 04/15/29 | 6.250 | 1,589,081 | |||||||||||||
|
|
|||||||||||||||||
Support - Services (9.0%) |
||||||||||||||||||
602 | Allied Universal Finance Corp., Rule 144A, Senior Secured Notes 1 (Callable 06/01/24 @ 102.31)(1) |
(B, B2) | 06/01/28 | 4.625 | 515,466 | |||||||||||||
1,821 | Allied Universal Finance Corp., Rule 144A, Senior Unsecured Notes (Callable 03/03/23 @ 104.88)(1) |
(CCC+, Caa1) | 07/15/27 | 9.750 | 1,741,468 | |||||||||||||
1,950 | Allied Universal Finance Corp., Rule 144A, Senior Unsecured Notes (Callable 06/01/24 @ 103.00)(1) |
(CCC+, Caa1) | 06/01/29 | 6.000 | 1,571,417 | |||||||||||||
600 | Clarivate Science Holdings Corp., Rule 144A, Company Guaranteed Notes |
(CCC+, Caa1) | 07/01/29 | 4.875 | 528,762 | |||||||||||||
3,900 | CoreLogic, Inc., Rule 144A, Senior Secured Notes (Callable 05/01/24 @ 102.25)(1) |
(B-, B2) | 05/01/28 | 4.500 | 3,106,135 | |||||||||||||
3,065 | GEMS Education Delaware LLC, Rule 144A, Senior Secured Notes (Callable 03/03/23 @ 103.56)(1) |
(B-, B3) | 07/31/26 | 7.125 | 3,029,184 | |||||||||||||
3,000 | GYP Holdings III Corp., Rule 144A, Company Guaranteed Notes (Callable 05/01/24 @ 102.31)(1) |
(B, B1) | 05/01/29 | 4.625 | 2,541,802 | |||||||||||||
1,500 | United Rentals North America, Inc., Rule 144A, Senior Secured Notes |
(BBB-, Baa3) | 12/15/29 | 6.000 | 1,524,390 | |||||||||||||
750 | WESCO Distribution, Inc., Rule 144A, Company Guaranteed Notes (Callable 03/03/23 @ 103.56)(1) |
(BB, Ba3) | 06/15/25 | 7.125 | 762,945 | |||||||||||||
750 | WESCO Distribution, Inc., Rule 144A, Company Guaranteed Notes (Callable 06/15/23 @ 103.63)(1) |
(BB, Ba3) | 06/15/28 | 7.250 | 769,254 | |||||||||||||
1,821 | White Cap Buyer LLC, Rule 144A, Senior Unsecured Notes (Callable 10/15/23 @ 103.44)(1) |
(CCC+, Caa1) | 10/15/28 | 6.875 | 1,660,530 | |||||||||||||
865 | Williams Scotsman International, Inc., Rule 144A, Senior Secured Notes |
(B+, B2) | 08/15/28 | 4.625 | 802,521 | |||||||||||||
1,050 | ZipRecruiter, Inc., Rule 144A, Senior Unsecured Notes (Callable 01/15/25 @ 102.50)(1) |
(BB-, B2) | 01/15/30 | 5.000 | 914,860 | |||||||||||||
|
|
|||||||||||||||||
19,468,734 | ||||||||||||||||||
|
|
|||||||||||||||||
Tech Hardware & Equipment (3.3%) |
||||||||||||||||||
1,690 | CommScope Technologies LLC, Rule 144A, Company Guaranteed Notes |
(CCC+, Caa1) | 06/15/25 | 6.000 | 1,602,407 | |||||||||||||
510 | CommScope Technologies LLC, Rule 144A, Company Guaranteed Notes |
(CCC+, Caa1) | 03/15/27 | 5.000 | 390,077 | |||||||||||||
2,000 | Entegris Escrow Corp., Rule 144A, Senior Secured Notes (Callable 01/15/29 @ 100.00)(1) |
(BB+, Baa3) | 04/15/29 | 4.750 | 1,875,124 | |||||||||||||
2,400 | Imola Merger Corp., Rule 144A, Senior Secured Notes (Callable 05/15/24 @ 102.38)(1) |
(BB-, B1) | 05/15/29 | 4.750 | 2,089,776 |
Credit Suisse High Yield Bond Fund
Schedule of Investments (continued)
January 31, 2023 (unaudited)
Par (000) |
Ratings |
Maturity | Rate% | Value | ||||||||||||||
CORPORATE BONDS (continued) |
||||||||||||||||||
Tech Hardware & Equipment (continued) |
||||||||||||||||||
$ | 1,380 | Vertiv Group Corp., Rule 144A, Senior Secured Notes (Callable 11/15/24 @ 102.06)(1) |
(BB-, B1) | 11/15/28 | 4.125 | $ | 1,197,222 | |||||||||||
|
|
|||||||||||||||||
7,154,606 | ||||||||||||||||||
|
|
|||||||||||||||||
Telecom - Wireline Integrated & Services (3.6%) |
||||||||||||||||||
2,785 | Altice France S.A., Rule 144A, Senior Secured Notes (Callable 09/15/23 @ 102.56)(1) |
(B, B2) | 01/15/29 | 5.125 | 2,186,239 | |||||||||||||
300 | Altice France S.A., Rule 144A, Senior Secured Notes (Callable 04/15/24 @ 102.56)(1) |
(B, B2) | 07/15/29 | 5.125 | 234,927 | |||||||||||||
300 | Altice France S.A., Rule 144A, Senior Secured Notes (Callable 10/15/24 @ 102.75)(1) |
(B, B2) | 10/15/29 | 5.500 | 236,551 | |||||||||||||
1,800 | Ciena Corp., Rule 144A, Company Guaranteed Notes (Callable 01/31/25 @ 102.00)(1) |
(BB, Ba1) | 01/31/30 | 4.000 | 1,577,367 | |||||||||||||
1,800 | LCPR Senior Secured Financing DAC, Rule 144A, Senior Secured Notes |
(B+, B1) | 10/15/27 | 6.750 | 1,745,437 | |||||||||||||
300 | LCPR Senior Secured Financing DAC, Rule 144A, Senior Secured Notes |
(B+, B1) | 07/15/29 | 5.125 | 261,564 | |||||||||||||
1,000 | Virgin Media Secured Finance PLC, Rule 144A, Senior Secured Notes |
(BB-, Ba3) | 04/15/27 | 5.000 | 1,134,150 | |||||||||||||
600 | Vmed O2 UK Financing I PLC, Rule 144A, Senior Secured Notes (Callable 01/31/26 @ 102.13)(1) |
(BB-, Ba3) | 01/31/31 | 4.250 | 502,434 | |||||||||||||
|
|
|||||||||||||||||
7,878,669 | ||||||||||||||||||
|
|
|||||||||||||||||
Theaters & Entertainment (1.9%) |
||||||||||||||||||
2,374 | AMC Entertainment Holdings, Inc.,10.00% Cash, 12.00% PIK, Rule 144A, Secured Notes |
(CC, Caa3) | 06/15/26 | 10.000 | 1,163,906 | |||||||||||||
2,200 | Live Nation Entertainment, Inc., Rule 144A, Company Guaranteed Notes |
(B, B3) | 11/01/24 | 4.875 | 2,139,866 | |||||||||||||
400 | Live Nation Entertainment, Inc., Rule 144A, Company Guaranteed Notes |
(B, B3) | 03/15/26 | 5.625 | 389,116 | |||||||||||||
500 | Live Nation Entertainment, Inc., Rule 144A, Company Guaranteed Notes |
(B, B3) | 10/15/27 | 4.750 | 463,650 | |||||||||||||
|
|
|||||||||||||||||
4,156,538 | ||||||||||||||||||
|
|
|||||||||||||||||
Transport Infrastructure/Services (0.9%) |
||||||||||||||||||
1,800 | XPO Escrow Sub LLC, Rule 144A, Company Guaranteed Notes (Callable 11/15/24 @ 103.75)(1) |
(BB+, Baa3) | 11/15/27 | 7.500 | 1,851,939 | |||||||||||||
|
|
|||||||||||||||||
TOTAL CORPORATE BONDS (Cost $251,238,929) |
225,449,508 | |||||||||||||||||
|
|
|||||||||||||||||
BANK LOANS (30.1%) |
||||||||||||||||||
Advertising (1.0%) |
||||||||||||||||||
156 | MH Sub I, LLC (1st Lien Term Loan), LIBOR 1M + 3.750%(11) |
(B, B2) | 09/13/24 | 8.320 | 154,793 | |||||||||||||
2,075 | MH Sub I, LLC (Incremental Term Loan), LIBOR 1M + 3.750%(11) |
(B, B2) | 09/13/24 | 8.320 | 2,056,789 | |||||||||||||
|
|
|||||||||||||||||
2,211,582 | ||||||||||||||||||
|
|
|||||||||||||||||
Aerospace & Defense (1.4%) |
||||||||||||||||||
1,500 | Amentum Government Services Holdings LLC, LIBOR 3M + 8.750%, LIBOR 6M + 8.750%(11) |
(NR, NR) | 01/31/28 | 13.901 | 1,395,001 | |||||||||||||
398 | Amentum Government Services Holdings LLC, SOFR 3M + 4.000%(8),(11) |
(B, B1) | 02/15/29 | |
7.558 - 8.764 |
|
393,273 | |||||||||||
1,214 | Peraton Corp., LIBOR 1M + 7.750%(11) |
(NR, NR) | 02/01/29 | 12.220 | 1,182,566 | |||||||||||||
|
|
|||||||||||||||||
2,970,840 | ||||||||||||||||||
|
|
|||||||||||||||||
Auto Parts & Equipment (0.4%) |
||||||||||||||||||
379 | Jason Group, Inc., LIBOR 1M + 1.000% Cash, 9.000% PIK(3),(11) |
(NR, WR) | 03/02/26 | 14.570 | 373,443 | |||||||||||||
497 | Jason Group, Inc., LIBOR 1M + 2.000% Cash, 4.000% PIK(3),(11) |
(NR, WR) | 08/28/25 | 10.570 | 417,746 | |||||||||||||
|
|
|||||||||||||||||
791,189 | ||||||||||||||||||
|
|
|||||||||||||||||
Building Materials (0.4%) |
||||||||||||||||||
802 | Cornerstone Building Brands, Inc., SOFR 1M + 5.625%(11) |
(B, B2) | 08/01/28 | 10.103 | 775,668 | |||||||||||||
|
|
|||||||||||||||||
Chemicals (2.5%) |
||||||||||||||||||
2,177 | Ascend Performance Materials Operations LLC, SOFR 6M + 4.750%(11) |
(BB-, Ba3) | 08/27/26 | 8.831 | 2,151,766 |
Credit Suisse High Yield Bond Fund
Schedule of Investments (continued)
January 31, 2023 (unaudited)
Par (000) |
Ratings |
Maturity | Rate% | Value | ||||||||||||||
BANK LOANS (continued) |
||||||||||||||||||
Chemicals (continued) |
||||||||||||||||||
$ | 841 | Polar U.S. Borrower LLC, LIBOR 2M + 4.750%(11) |
(B-, B3) | 10/15/25 | 4.903 | $ | 697,303 | |||||||||||
2,000 | Vantage Specialty Chemicals, Inc., LIBOR 3M + 8.250%(6),(11) |
(CCC, Caa2) | 10/27/25 | 12.985 | 1,882,810 | |||||||||||||
878 | Zep, Inc., LIBOR 3M + 4.000%(11) |
(CCC+, B3) | 08/12/24 | 8.580 | 737,296 | |||||||||||||
|
|
|||||||||||||||||
5,469,175 | ||||||||||||||||||
|
|
|||||||||||||||||
Diversified Capital Goods (0.6%) |
||||||||||||||||||
1,500 | Electrical Components International, Inc., PRIME + 7.500%(8),(11) |
(B-, B2) | 06/26/25 | 15.000 | 1,359,081 | |||||||||||||
|
|
|||||||||||||||||
Electronics (1.1%) |
||||||||||||||||||
2,386 | Idemia Group, LIBOR 3M + 4.500%(8),(11) |
(B, B3) | 01/09/26 | 9.230 | 2,379,600 | |||||||||||||
|
|
|||||||||||||||||
Energy - Exploration & Production (0.0%) |
||||||||||||||||||
2,663 | PES Holdings, LLC, 3.000% PIK(3),(5),(11) |
(NR, WR) | 12/31/24 | 3.000 | 78,240 | |||||||||||||
|
|
|||||||||||||||||
Food & Drug Retailers (0.6%) |
||||||||||||||||||
1,500 | WOOF Holdings, Inc., LIBOR 1M + 7.250%(11) |
(CCC, Caa2) | 12/21/28 | 11.758 | 1,343,745 | |||||||||||||
|
|
|||||||||||||||||
Food - Wholesale (0.2%) |
||||||||||||||||||
421 | United Natural Foods, Inc., SOFR 1M + 3.250%(11) |
(BB-, B1) | 10/22/25 | 7.926 | 422,709 | |||||||||||||
|
|
|||||||||||||||||
Gas Distribution (1.2%) |
||||||||||||||||||
1,072 | BCP Renaissance Parent LLC, SOFR 1M
+ |
(B+, B2) | 10/31/26 | 8.061 | 1,072,052 | |||||||||||||
1,601 | Traverse Midstream Partners LLC, SOFR 3M + 4.250%(11) |
(B+, B3) | 09/27/24 | 8.800 | 1,603,888 | |||||||||||||
|
|
|||||||||||||||||
2,675,940 | ||||||||||||||||||
|
|
|||||||||||||||||
Health Facility (0.3%) |
||||||||||||||||||
811 | Carestream Health, Inc., SOFR 3M + 7.500%(11) |
(B-, B3) | 09/30/27 | 12.180 | 593,403 | |||||||||||||
|
|
|||||||||||||||||
Health Services (1.4%) |
||||||||||||||||||
1,230 | MedAssets Software Intermediate Holdings, Inc., LIBOR 1M + 6.750%(11) |
(CCC, Caa2) | 12/17/29 | 11.320 | 871,381 | |||||||||||||
2,377 | U.S. Radiology Specialists, Inc., LIBOR 1M + 5.250%(11) |
(B-, B3) | 12/15/27 | 9.875 | 2,275,909 | |||||||||||||
|
|
|||||||||||||||||
3,147,290 | ||||||||||||||||||
|
|
|||||||||||||||||
Insurance Brokerage (0.2%) |
||||||||||||||||||
327 | USI, Inc., SOFR 3M + 3.750%(11) |
(B, B1) | 11/22/29 | 8.330 | 327,875 | |||||||||||||
|
|
|||||||||||||||||
Investments & Misc. Financial Services (1.5%) |
||||||||||||||||||
2,329 | AqGen Ascensus, Inc., LIBOR 3M + 6.500%(11) |
(CCC, Caa2) | 08/02/29 | 11.313 | 2,090,672 | |||||||||||||
1,298 | Deerfield Dakota Holding LLC, LIBOR 1M + 6.750%(11) |
(CCC, Caa2) | 04/07/28 | 11.320 | 1,228,305 | |||||||||||||
130 | Ditech Holding Corp.(5),(7),(8) |
(NR, WR) | 06/30/22 | 0.000 | 14,312 | |||||||||||||
|
|
|||||||||||||||||
3,333,289 | ||||||||||||||||||
|
|
|||||||||||||||||
Life Insurance (0.5%) |
||||||||||||||||||
1,253 | Vida Capital, Inc., LIBOR 1M + 6.000%(11) |
(CCC+, B2) | 10/01/26 | 10.570 | 976,950 | |||||||||||||
|
|
|||||||||||||||||
Machinery (1.1%) |
||||||||||||||||||
2,123 | LTI Holdings, Inc., LIBOR 1M + 6.750%(6),(11) |
(CCC+, Caa2) | 09/06/26 | 11.320 | 1,768,655 | |||||||||||||
580 | LTI Holdings, Inc., LIBOR 1M + 3.500%(11) |
(B-, B2) | 09/06/25 | 8.070 | 563,167 | |||||||||||||
|
|
|||||||||||||||||
2,331,822 | ||||||||||||||||||
|
|
|||||||||||||||||
Medical Products (0.8%) |
||||||||||||||||||
919 | Femur Buyer, Inc., LIBOR 3M + 5.500%(8),(11) |
(CCC+, NR) | 03/05/24 | 10.342 | 777,867 | |||||||||||||
980 | Viant Medical Holdings, Inc., LIBOR 1M
+ |
(CCC+, B3) | 07/02/25 | 10.820 | 951,579 | |||||||||||||
|
|
|||||||||||||||||
1,729,446 | ||||||||||||||||||
|
|
|||||||||||||||||
Packaging (0.1%) |
||||||||||||||||||
800 | Strategic Materials, Inc., LIBOR 3M + 7.750%(6),(11) |
(CC, C) | 10/31/25 | 12.190 | 212,000 | |||||||||||||
|
|
|||||||||||||||||
Personal & Household Products (1.6%) |
||||||||||||||||||
1,200 | ABG Intermediate Holdings 2 LLC, SOFR 1M + 6.000%(11) |
(CCC+, Caa1) | 12/20/29 | 10.661 | 1,110,756 | |||||||||||||
1,726 | Serta Simmons Bedding, LLC (First Out Term |
(D, WR) | 08/10/23 | 0.000 | 1,708,546 | |||||||||||||
1,046 | Serta Simmons Bedding, LLC (Second Out Term Loan)(5),(7) |
(D, WR) | 08/10/23 | 0.000 | 609,636 | |||||||||||||
|
|
|||||||||||||||||
3,428,938 | ||||||||||||||||||
|
|
Credit Suisse High Yield Bond Fund
Schedule of Investments (continued)
January 31, 2023 (unaudited)
Par (000) |
Ratings |
Maturity | Rate% | Value | ||||||||||||||
BANK LOANS (continued) |
||||||||||||||||||
Pharmaceuticals (0.2%) |
||||||||||||||||||
$ | 583 | Akorn, Inc., LIBOR 3M + 7.500%(11) |
(CCC+, Caa3) | 10/01/25 | 12.254 | $ | 479,482 | |||||||||||
|
|
|||||||||||||||||
479,482 | ||||||||||||||||||
|
|
|||||||||||||||||
Recreation & Travel (2.0%) |
||||||||||||||||||
959 | Bulldog Purchaser, Inc., LIBOR 1M + 7.750%(11) |
(CCC-, Caa3) | 09/04/26 | 12.411 | 838,329 | |||||||||||||
1,816 | Bulldog Purchaser, Inc., SOFR 1M + 3.750%(11) |
(B-, B3) | 09/05/25 | 8.411 | 1,669,415 | |||||||||||||
789 | Hornblower Sub LLC, LIBOR 3M + 4.500%(11) |
(CCC-, Caa2) | 04/27/25 | 8.670 | 534,923 | |||||||||||||
1,082 | Hornblower Sub LLC, LIBOR 3M + 8.125%(11) |
(NR, NR) | 11/10/25 | 12.755 | 1,091,275 | |||||||||||||
300 | Hornblower Sub, LLC, LIBOR 3M + 8.125%(11) |
(NR, NR) | 11/20/25 | |
12.755 - 12.800 |
302,439 | ||||||||||||
|
|
|||||||||||||||||
4,436,381 | ||||||||||||||||||
|
|
|||||||||||||||||
Restaurants (0.1%) |
||||||||||||||||||
300 | Tacala LLC, LIBOR 1M + 7.500%(11) |
(CCC, Caa2) | 02/04/28 | 12.070 | 274,563 | |||||||||||||
|
|
|||||||||||||||||
Software - Services (7.1%) |
||||||||||||||||||
1,709 | Aston FinCo Sarl, LIBOR 1M + 4.250%(8),(11) |
(B-, B3) | 10/09/26 | 8.820 | 1,474,206 | |||||||||||||
893 | Astra Acquisition Corp., LIBOR 1M + 5.250%(11) |
(B, B1) | 10/25/28 | 9.820 | 791,579 | |||||||||||||
900 | CommerceHub, Inc., SOFR 3M + 7.000%(11) |
(CCC, Caa2) | 12/29/28 | 11.777 | 727,875 | |||||||||||||
1,810 | Epicor Software Corp., LIBOR 1M + 7.750%(11) |
(CCC, Caa2) | 07/31/28 | 12.320 | 1,810,751 | |||||||||||||
682 | Finastra U.S.A., Inc., LIBOR 3M + 3.500%(11) |
(CCC+, B2) | 06/13/24 | 8.325 | 642,691 | |||||||||||||
3,511 | Finastra U.S.A., Inc., LIBOR 3M + 7.250%(11) |
(CCC-, Caa2) | 06/13/25 | 12.075 | 2,792,799 | |||||||||||||
960 | GHX Ultimate Parent Corp.(8),(12) |
(B, B2) | 06/28/24 | 0.000 | 957,600 | |||||||||||||
598 | Hyland Software, Inc., LIBOR 1M + 3.500%(11) |
(B-, B1) | 07/01/24 | 8.070 | 597,860 | |||||||||||||
420 | Hyland Software, Inc., LIBOR 1M + 6.250%(11) |
(CCC, Caa1) | 07/07/25 | 10.820 | 401,249 | |||||||||||||
1,578 | Open Text Corp.(12) |
(BBB-, Ba1) | 11/16/29 | 0.000 | 1,577,937 | |||||||||||||
1,496 | Project Alpha Intermediate Holding, Inc., LIBOR 1M + 4.000%(11) |
(B, B3) | 04/26/24 | 8.570 | 1,496,542 | |||||||||||||
1,494 | Quest Software U.S. Holdings, Inc., SOFR 3M + 4.250%(11) |
(B-, B2) | 02/01/29 | 9.076 | 1,287,826 | |||||||||||||
1,045 | Redstone Holdco 2 LP, LIBOR 3M + 4.750%(11) |
(B-, B3) | 04/27/28 | 9.568 | 852,576 | |||||||||||||
|
|
|||||||||||||||||
15,411,491 | ||||||||||||||||||
|
|
|||||||||||||||||
Support - Services (0.8%) |
||||||||||||||||||
600 | LaserShip, Inc., LIBOR 3M + 7.500%(8),(11) |
(CCC, Caa2) | 05/07/29 | 12.230 | 381,000 | |||||||||||||
1,199 | LaserShip, Inc., LIBOR 3M + 4.500%(11) |
(B-, B2) | 05/07/28 | 9.230 | 900,373 | |||||||||||||
600 | TruGreen Limited Partnership, LIBOR 3M
+ |
(CCC+, Caa2) | 11/02/28 | 13.325 | 432,000 | |||||||||||||
|
|
|||||||||||||||||
1,713,373 | ||||||||||||||||||
|
|
|||||||||||||||||
Telecom - Wireline Integrated & Services (1.2%) |
||||||||||||||||||
1,955 | Patagonia Holdco LLC, SOFR 3M + 5.750%(8),(11) |
(NR, B1) | 08/01/29 | 9.960 | 1,652,036 | |||||||||||||
1,125 | TVC Albany, Inc., LIBOR 1M + 7.500%(6),(11) |
(CCC, Caa2) | 07/23/26 | 12.070 | 1,030,314 | |||||||||||||
|
|
|||||||||||||||||
2,682,350 | ||||||||||||||||||
|
|
|||||||||||||||||
Theaters & Entertainment (1.8%) |
||||||||||||||||||
1,145 | Technicolor Creative Studios, EURIBOR 3M + 6.000%(4),(11) |
(CCC+, Caa1) | 09/07/26 | 8.046 | 740,676 | |||||||||||||
1,238 | TopGolf International, Inc., LIBOR 3M |
(B, B3) | 02/09/26 | 11.065 | 1,242,940 | |||||||||||||
1,965 | William Morris Endeavor Entertainment LLC, LIBOR 1M + 2.750%(11) |
(B, B3) | 05/18/25 | 7.320 | 1,957,144 | |||||||||||||
|
|
|||||||||||||||||
3,940,760 | ||||||||||||||||||
|
|
|||||||||||||||||
TOTAL BANK LOANS (Cost $73,635,683) |
65,497,182 | |||||||||||||||||
|
|
|||||||||||||||||
ASSET BACKED SECURITIES (7.6%) |
||||||||||||||||||
Collateralized Debt Obligations (7.6%) |
||||||||||||||||||
1,000 | Anchorage Capital CLO 15 Ltd., 2020-15A, Rule 144A, LIBOR 3M + 7.400%(1),(11) |
(NR, Ba3) | 07/20/34 | 12.208 | 912,883 | |||||||||||||
1,500 | Anchorage Capital CLO 25 Ltd., 2022-25A, Rule 144A, TSFR3M + 7.170%(1),(11) |
(NR, Ba3) | 04/20/35 | 11.809 | 1,322,454 | |||||||||||||
1,250 | Anchorage Credit Funding 4 Ltd., 2016-4A, Rule 144A(1) |
(NR, Ba3) | 04/27/39 | 6.659 | 973,925 | |||||||||||||
1,250 | Battalion CLO 18 Ltd., 2020-18A, Rule 144A, LIBOR 3M + 6.710%(1),(11) |
(BB-, NR) | 10/15/36 | 11.502 | 1,111,043 | |||||||||||||
1,250 | Benefit Street Partners CLO X Ltd., 2016-10A, Rule 144A, LIBOR 3M + 6.750%(1),(11) |
(BB-, NR) | 04/20/34 | 11.558 | 1,135,322 | |||||||||||||
1,500 | Cedar Funding VI CLO Ltd., 2016-6A, Rule 144A, LIBOR 3M + 6.720%(1),(11) |
(BB-, NR) | 04/20/34 | 11.528 | 1,406,884 | |||||||||||||
1,500 | CIFC Funding Ltd., 2017-1A, Rule 144A, LIBOR 3M + 3.500%(1),(11) |
(NR, Baa3) | 04/23/29 | 8.315 | 1,455,530 | |||||||||||||
1,500 | KKR CLO Ltd., 14, Rule 144A, LIBOR 3M + 6.150%(1),(11) |
(NR, B1) | 07/15/31 | 10.942 | 1,334,592 |
Credit Suisse High Yield Bond Fund
Schedule of Investments (continued)
January 31, 2023 (unaudited)
Par (000) |
Ratings |
Maturity | Rate% | Value | ||||||||||||||
ASSET BACKED SECURITIES (continued) |
||||||||||||||||||
Collateralized Debt Obligations (continued) |
||||||||||||||||||
$ | 1,500 | KKR CLO Ltd., 16, Rule 144A, LIBOR 3M + |
(BB-, NR) | 10/20/34 | 11.918 | $ | 1,378,109 | |||||||||||
1,500 | Marble Point CLO XXIII Ltd., 2021-4A, Rule 144A, LIBOR 3M + 5.750% (1),(11) |
(NR, Ba1) | 01/22/35 | 10.565 | 1,372,330 | |||||||||||||
600 | MP CLO III Ltd., 2013-1A, Rule 144A, LIBOR 3M + 3.050% (1),(11) |
(NR, Ba1) | 10/20/30 | 7.858 | 502,879 | |||||||||||||
1,000 | Oaktree CLO Ltd., 2019-4A, Rule 144A, LIBOR 3M + 7.230% (1),(11) |
(BB-, NR) | 10/20/32 | 12.038 | 915,476 | |||||||||||||
1,500 | Palmer Square Credit Funding Ltd., 2019-1A, |
(NR, Baa2) | 04/20/37 | 5.459 | 1,342,388 | |||||||||||||
1,000 | Venture 41 CLO Ltd., 2021-41A, Rule 144A, LIBOR 3M + 7.710% (1),(11) |
(BB-, NR) | 01/20/34 | 12.518 | 925,949 | |||||||||||||
600 | Vibrant CLO VII Ltd., 2017-7A, Rule 144A, LIBOR 3M + 3.600% (1),(11) |
(NR, Baa3) | 09/15/30 | 8.408 | 522,966 | |||||||||||||
|
|
|||||||||||||||||
TOTAL ASSET BACKED SECURITIES (Cost $18,024,744) |
16,612,730 | |||||||||||||||||
|
|
|||||||||||||||||
Shares | ||||||||||||||||||
COMMON STOCKS (0.9%) |
||||||||||||||||||
Auto Parts & Equipment (0.1%) |
||||||||||||||||||
27,589 | Jason Group, Inc.(7) |
|
255,199 | |||||||||||||||
|
|
|||||||||||||||||
Chemicals (0.5%) |
||||||||||||||||||
5,400 | Project Investor Holdings LLC(6),(7),(8),(9) |
|
54 | |||||||||||||||
89,998 | Proppants Holdings LLC(6),(7),(8),(9) |
|
1,800 | |||||||||||||||
15,074 | UTEX Industries, Inc.(7) |
|
964,736 | |||||||||||||||
|
|
|||||||||||||||||
966,590 | ||||||||||||||||||
|
|
|||||||||||||||||
Energy - Exploration & Production (0.0%) |
||||||||||||||||||
111,570 | PES Energy, Inc.(6),(7),(8),(9) |
|
1,116 | |||||||||||||||
|
|
|||||||||||||||||
Pharmaceuticals (0.2%) |
||||||||||||||||||
68,836 | Akorn Holding Company LLC(7) |
|
430,225 | |||||||||||||||
|
|
|||||||||||||||||
Private Placement (0.0%) |
||||||||||||||||||
461,538 | Technicolor Creative Studios SA(7)(9)(13) |
|
114,285 | |||||||||||||||
|
|
|||||||||||||||||
Specialty Retail (0.0%) |
||||||||||||||||||
105 | Eagle Intermediate Global Holdings B.V., Class B(7),(8),(9) |
|
1 | |||||||||||||||
|
|
|||||||||||||||||
Support - Services (0.0%) |
||||||||||||||||||
2,100 | LTR Holdings, Inc.(6),(7),(8),(9) |
|
3,111 | |||||||||||||||
|
|
|||||||||||||||||
Theaters & Entertainment (0.1%) |
||||||||||||||||||
461,538 | Vantiva SA(4),(7) |
|
132,738 | |||||||||||||||
|
|
|||||||||||||||||
TOTAL COMMON STOCKS (Cost $5,132,293) |
1,903,265 | |||||||||||||||||
|
|
|||||||||||||||||
WARRANTS (0.0%) |
||||||||||||||||||
Chemicals (0.0%) |
||||||||||||||||||
22,499 | Project Investor Holdings LLC, expires 02/20/2022(6),(7),(8),(9) |
|
| |||||||||||||||
|
|
|||||||||||||||||
Telecom - Wireline Integrated & Services (0.0%) |
||||||||||||||||||
1 | GTT Communications, Inc., expires 12/30/2027(7) |
|
| |||||||||||||||
|
|
|||||||||||||||||
TOTAL WARRANTS (Cost $11,700) |
0 | |||||||||||||||||
|
|
|||||||||||||||||
SHORT-TERM INVESTMENTS (7.0%) |
||||||||||||||||||
3,377,071 | State Street Institutional U.S. Government Money Market Fund - Premier Class, 4.18% |
|
3,377,071 | |||||||||||||||
11,835,753 | State Street Navigator Securities Lending Government Money Market Portfolio, 4.35%(14) |
|
11,835,753 | |||||||||||||||
|
|
|||||||||||||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $15,212,824) |
15,212,824 | |||||||||||||||||
|
|
|||||||||||||||||
TOTAL INVESTMENTS AT VALUE (149.2%) (Cost $363,256,173) |
324,675,509 | |||||||||||||||||
LIABILITIES IN EXCESS OF OTHER ASSETS (-49.2%) |
(107,131,462 | ) | ||||||||||||||||
|
|
|||||||||||||||||
NET ASSETS (100.0%) |
$ | 217,544,047 | ||||||||||||||||
|
|
| Credit ratings given by the S&P Global Ratings Division of S&P Global Inc. (S&P) and Moodys Investors Service, Inc. (Moodys) are unaudited. |
Credit Suisse High Yield Bond Fund
Schedule of Investments (continued)
January 31, 2023 (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, 2023, these securities amounted to a value of $232,640,694 or 106.9% of net assets. |
(2) | Security or portion thereof is out on loan. |
(3) | PIK: Payment-in-kind security for which part of the income earned may be paid as additional principal. |
(4) | This security is denominated in Euro. |
(5) | Bond is currently in default. |
(6) | Illiquid security. |
(7) | Non-income producing security. |
(8) | Security is valued using significant unobservable inputs. |
(9) | Not readily marketable security; security is valued at fair value as determined in good faith by, or under the direction of, the Board of Trustees. |
(10) | This security is denominated in British Pound. |
(11) | Variable rate obligation - The interest rate shown is the rate in effect as of January 31, 2023. The rate may be subject to a cap and floor. |
(12) | 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, 2023. |
(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
1M = 1 Month
2M = 2 Month
3M = 3 Month
6M = 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
TSFR = Term Secured Overnight Financing Rate
WR = Withdrawn Rating
Forward Foreign Currency Contracts
Forward |
Forward Currency |
Expiration |
Counterparty |
Value on Settlement Date |
Current Value/Notional |
Unrealized Appreciation |
||||||||||||||||||||
EUR |
710,608 | USD |
755,626 | 10/11/23 | Barclays Bank PLC | $ | 755,626 | $ | 782,058 | $ | 26,432 | |||||||||||||||
EUR |
304,711 | USD |
312,880 | 10/11/23 | Deutsche Bank AG | 312,880 | 335,349 | 22,469 | ||||||||||||||||||
EUR |
768,633 | USD |
805,710 | 10/11/23 | Morgan Stanley | 805,710 | 845,918 | 40,208 | ||||||||||||||||||
GBP |
50,783 | USD |
59,453 | 10/11/23 | Deutsche Bank AG | 59,453 | 62,818 | 3,365 | ||||||||||||||||||
GBP |
6,553 | USD |
7,634 | 10/11/23 | Morgan Stanley | 7,634 | 8,106 | 472 | ||||||||||||||||||
|
|
|||||||||||||||||||||||||
Total Unrealized Appreciation |
|
$ | 92,946 | |||||||||||||||||||||||
|
|
Forward Foreign Currency Contracts
|
Forward Currency |
Expiration Date |
Counterparty |
Value on Settlement Date |
Current Value/Notional |
Unrealized Depreciation |
||||||||||||||||||||
USD |
4,004,205 | EUR |
3,968,516 | 10/11/23 | Deutsche Bank AG | $ | (4,004,205 | ) | $ | (4,367,538 | ) | $ | (363,333 | ) | ||||||||||||
USD |
28,601 | GBP |
23,307 | 10/11/23 | Barclays Bank PLC | (28,601 | ) | (28,831 | ) | (230 | ) | |||||||||||||||
USD |
1,077,737 | GBP |
963,712 | 10/11/23 | Deutsche Bank AG | (1,077,737 | ) | (1,192,097 | ) | (114,360 | ) | |||||||||||||||
Total Unrealized Depreciation |
|
$ | (477,923 | ) | ||||||||||||||||||||||
|
|
|||||||||||||||||||||||||
Total Net Unrealized Appreciation/(Depreciation) |
|
$ | (384,977 | ) | ||||||||||||||||||||||
|
|
Currency Abbreviations:
EUR = Euro
GBP = British Pound
USD = United States Dollar
SECURITY VALUATION The Board of Trustees (the Board) is responsible for the Funds valuation process. The Board has delegated the supervision of the daily valuation process to Credit Suisse Asset Management, LLC, the Funds 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 Funds 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 Boards valuation designee (as defined in Rule 2a-5 under the 1940 Act), in accordance with the Advisers 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 which has been approved by the Board 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 investment adviser to be unreliable, the market price may be determined by the investment 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 1quoted prices in active markets for identical investments |
Level 2other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.) |
Level 3significant unobservable inputs (including the Funds 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, 2023 in valuing the Funds assets and liabilities carried at fair value:
Assets |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Investments in Securities |
| |||||||||||||||
Corporate Bonds |
$ | | $ | 225,311,451 | $ | 138,057 | $ | 225,449,508 | ||||||||
Bank Loans |
| 54,724,628 | 10,772,554 | 65,497,182 | ||||||||||||
Asset Backed Securities |
| 16,612,730 | | 16,612,730 | ||||||||||||
Common Stocks |
114,285 | 1,782,898 | 6,082 | 1,903,265 | ||||||||||||
Warrants |
0 | | 0 | 1 | 0 | 1 | ||||||||||
Short-term Investments |
15,212,824 | | | 15,212,824 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
$ | 15,327,109 | $ | 298,431,707 | $ | 10,916,693 | $ | 324,675,509 | |||||||||
|
|
|
|
|
|
|
|
|||||||||
Other Financial Instruments* |
|
|||||||||||||||
Forward Foreign Currency Contracts |
$ | | $ | 92,946 | $ | | $ | 92,946 | ||||||||
Liabilities |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Other Financial Instruments* |
|
|||||||||||||||
Forward Foreign Currency Contracts |
$ | | $ | 477,923 | $ | | $ | 477,923 |
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, 2023 for which significant unobservable inputs were used in determining fair value.
Corporate Bonds |
Bank Loans |
Common Stocks |
Warrants | Total | ||||||||||||||||
Balance as of October 31, 2022 |
$ | 147,913 | $ | 8,741,291 | $ | 1,306,725 | $ | 0 | (1) | $ | 10,195,929 | |||||||||
Accrued discounts (premiums) |
| (9,969 | ) | | | (9,969 | ) | |||||||||||||
Purchases |
| 957,850 | | | 957,850 | |||||||||||||||
Sales |
(23,762 | ) | (35,646 | ) | (26,482 | ) | | (85,890 | ) | |||||||||||
Realized gain (loss) |
23,762 | (560 | ) | 26,482 | | 49,684 | ||||||||||||||
Change in unrealized appreciation (depreciation) |
(9,856 | ) | (107,021 | ) | (80,708 | ) | | (197,585 | ) | |||||||||||
Transfers into Level 3 |
| 5,899,115 | | | 5,899,115 | |||||||||||||||
Transfers out of Level 3 |
| (4,672,506 | ) | (1,219,935 | ) | | (5,892,441 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Balance as of January 31, 2023 |
$ | 138,057 | $ | 10,772,554 | $ | 6,082 | $ | 0 | (1) | $ | 10,916,693 | |||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||
Net change in unrealized appreciation (depreciation) from investments still held as of January 31, 2023 |
$ | (9,856 | ) | $ | (160,881 | ) | $ | | $ | | $ | (170,737 | ) |
(1) | Includes zero valued securities. |
Quantitative Disclosure About Significant Unobservable Inputs
Fair Value At | Valuation | Unobservable | Price Range | |||||||
Asset Class |
01/31/2023 | Technique |
Input |
(Weighted Average)* | ||||||
Corporate Bonds |
$ | 98,057 | Income Approach | Expected Remaining Distribution | $0.01 $0.61 ($0.52) | |||||
40,000 | Vendor pricing | Single Broker Quote | 0.02 (N/A) | |||||||
Bank Loans |
10,772,554 | Vendor pricing | Single Broker Quote | 0.11 1.00 (0.91) | ||||||
Common Stocks |
6,082 | Income Approach | Expected Remaining Distribution | 0.01 1.48 (0.77) | ||||||
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 companys financial statements, the companys products or intended markets or the companys technologies; (iii) the price of the same or similar security negotiated at arms length in an issuers 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, 2023, $5,899,155 was transferred from Level 2 to Level 3 due to a lack of a pricing source supported by observable inputs and $5,892,441 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 Funds website at www.credit-suisse.com/us/funds, as well as on the website of the Securities and Exchange Commission at www.sec.gov.