NPORT-EX 2 NPORT_TH82_20842306_0123.htm HTML

Credit Suisse High Yield Bond Fund

Schedule of Investments

January 31, 2023 (unaudited)

 

Par
(000)
             

Ratings†
(S&P/Moody’s)

     Maturity        Rate%        Value  
                        
 

CORPORATE BONDS (103.6%)

 
 

Aerospace & Defense (1.0%)

 
$ 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  
                        

 

 

 
                                   2,201,197  
                        

 

 

 
                        
 

Air Transportation (0.8%)

 
  600       

XO Management Holdings, Inc., Rule 144A, Senior Unsecured Notes
(Callable 05/01/24 @ 103.94)(1),(2)

     (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  
                        

 

 

 
       1,641,525  
                        

 

 

 
                        
 

Auto Parts & Equipment (1.3%)

 
  1,480       

Clarios U.S. Finance Co., Rule 144A, Company Guaranteed Notes
(Callable 03/03/23 @ 104.25)(1),(2)

     (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
(Callable 02/13/23 @ 101.58)(1),(3)

     (BB-, Ba2)        09/15/26          4.750          1,325,976  
                        

 

 

 
       2,802,163  
                        

 

 

 
                        
 

Automakers (0.6%)

 
  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  
                        

 

 

 
       1,203,093  
                        

 

 

 
                        
 

Brokerage (0.9%)

 
  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  
                        

 

 

 
                        
 

Building & Construction (1.6%)

 
  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  
                        

 

 

 
       3,511,780  
                        

 

 

 
                        
 

Building Materials (7.3%)

 
  2,250       

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

     (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
(Callable 03/01/24 @ 103.00)(1)

     (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†
(S&P/Moody’s)

     Maturity        Rate%        Value  
                        
 

CORPORATE BONDS (continued)

 
 

Building Materials (continued)

 
$ 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  
                        

 

 

 
                                 15,835,163  
                        

 

 

 
                        
 

Cable & Satellite TV (3.0%)

 
  600       

CSC Holdings LLC / CCO Holdings Capital Corp., Rule 144A, Senior Unsecured Notes
(Callable 03/01/26 @ 103.69)(1)

     (BB-, B1)        03/01/31          7.375          601,872  
  1,315       

CSC Holdings LLC, Global Senior Unsecured
Notes (2)

     (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
(Callable 02/13/23 @ 102.75)(1)

     (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  
                        

 

 

 
                        
 

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
(Callable 10/01/24 @ 103.13)(1),(2)

     (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
(Callable 05/15/23 @ 103.38)(1)

     (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  
                        

 

 

 
                        
 

Consumer/Commercial/Lease Financing (1.2%)

 
  2,900       

Cargo Aircraft Management, Inc., Rule 144A, Company Guaranteed Notes
(Callable 02/16/23 @ 102.38)(1)

     (BB, Ba2)        02/01/28          4.750          2,627,879  
                        

 

 

 
                        
 

Diversified Capital Goods (1.8%)

 
  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  
                        

 

 

 
                           3,960,866  
                        

 

 

 
                        
 

Electronics (1.0%)

 
  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  
                        

 

 

 
                           2,244,884  
                        

 

 

 
                        
 

Energy - Exploration & Production (3.0%)

 
  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†
(S&P/Moody’s)

     Maturity        Rate%        Value  
                        
 

CORPORATE BONDS (continued)

 
 

Energy - Exploration & Production (continued)

 
$ 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  
                        

 

 

 
                           6,626,542  
                        

 

 

 
                        
 

Environmental (0.4%)

 
  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  
                        

 

 

 
                        
 

Food - Wholesale (0.5%)

 
  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  
                        

 

 

 
                        
 

Gaming (1.3%)

 
  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
(Callable 01/15/25 @ 102.31)(1)

     (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  
                        

 

 

 
                           2,759,465  
                        

 

 

 
                        
 

Gas Distribution (4.6%)

 
  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  
                        

 

 

 
                           9,900,006  
                        

 

 

 
                        
 

Health Facility (0.2%)

 
  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  
                        

 

 

 
                        
 

Health Services (2.9%)

 
  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†
(S&P/Moody’s)

     Maturity        Rate%        Value  
                        
 

CORPORATE BONDS (continued)

 
 

Health Services (continued)

 
$ 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  
                        

 

 

 
                           6,414,614  
                        

 

 

 
                        
 

Insurance Brokerage (4.3%)

 
             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  
                        

 

 

 
                           9,409,956  
                        

 

 

 
                        
 

Investments & Misc. Financial Services (2.9%)

 
  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
(Callable 04/15/24 @ 102.63)(1)

     (B+, B1)        04/15/29          5.250          1,847,337  
  1,150       

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

     (B+, B1)        01/15/32          5.000          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  
                        

 

 

 
                           6,338,621  
                        

 

 

 
                        
 

Machinery (6.1%)

 
  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  
                        

 

 

 
                           13,209,306  
                        

 

 

 
                        
 

Managed Care (0.3%)

 
  750       

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

     (B, B3)        10/01/29          4.500          672,413  
                        

 

 

 
                        
 

Media - Diversified (0.1%)

 
  300       

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

     (BB+, Ba1)        02/15/32          5.125          282,839  
                        

 

 

 
                        
 

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†
(S&P/Moody’s)

     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
(Callable 06/15/23 @ 102.75)(1),(2)

     (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
(Callable 05/15/24 @ 101.50)(1),(4)

     (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
(Callable 03/03/23 @ 103.00)(1)

     (B-, B3)        09/15/28          6.000          531,588  
  750       

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

     (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†
(S&P/Moody’s)

     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
(Callable 09/15/27 @ 100.00)(1)

     (BBB-, Ba3)        12/15/27          3.750          1,609,965  
  2,100       

iStar, Inc., Global Senior Unsecured Notes
(Callable 03/03/23 @ 102.75)

     (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
(Callable 08/15/24 @ 102.63)(1),(2)

     (B, B3)        08/15/29          5.250          3,144,580  
  450       

SeaWorld Parks & Entertainment, Inc., Rule 144A, Senior Secured Notes
(Callable 03/03/23 @ 104.38)(1)

     (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
(Callable 02/15/24 @ 103.00)(1)

     (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
(Callable 02/01/24 @ 101.94)(1),(2)

     (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†
(S&P/Moody’s)

     Maturity        Rate%        Value  
                        
 

CORPORATE BONDS (continued)

 
 

Specialty Retail (continued)

 
$ 300       

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

     (BB, B1)        11/15/29          4.625        $ 265,509  
  300       

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

     (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
(Callable 02/13/23 @ 103.75)(1),(8),(9)

     (NR, NR)        05/01/25          7.500          46,905  
             2,800       

Eagle Intermediate Global Holdings B.V., Rule 144A, Senior Secured Notes
(Callable 02/13/23 @ 103.75)(1)

     (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
(Callable 05/01/24 @ 102.44)(1)

     (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
(Callable 11/15/24 @ 102.31)(1),(2)

     (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
(Callable 06/30/24 @ 102.44)(1),(2)

     (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
(Callable 12/15/25 @ 103.00)(1)

     (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
(Callable 08/15/23 @ 102.31)(1)

     (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
(Callable 02/13/23 @ 101.00)(1)

     (CCC+, Caa1)        06/15/25          6.000          1,602,407  
  510       

CommScope Technologies LLC, Rule 144A, Company Guaranteed Notes
(Callable 02/13/23 @ 102.50)(1)

     (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†
(S&P/Moody’s)

     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
(Callable 03/03/23 @ 103.38)(1)

     (B+, B1)        10/15/27          6.750          1,745,437  
  300       

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

     (B+, B1)        07/15/29          5.125          261,564  
  1,000       

Virgin Media Secured Finance PLC, Rule 144A, Senior Secured Notes
(Callable 02/10/23 @ 102.50)(1),(10)

     (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
(Callable 06/15/23 @ 106.00)(1),(3)

     (CC, Caa3)        06/15/26          10.000          1,163,906  
  2,200       

Live Nation Entertainment, Inc., Rule 144A, Company Guaranteed Notes
(Callable 03/03/23 @ 100.00)(1)

     (B, B3)        11/01/24          4.875          2,139,866  
  400       

Live Nation Entertainment, Inc., Rule 144A, Company Guaranteed Notes
(Callable 03/03/23 @ 102.81)(1)

     (B, B3)        03/15/26          5.625          389,116  
  500       

Live Nation Entertainment, Inc., Rule 144A, Company Guaranteed Notes
(Callable 03/03/23 @ 103.56)(1)

     (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†
(S&P/Moody’s)

     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 +
3.500%(11)

     (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 +
6.250%(8),(11)

     (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
Loan)(5),(7)

     (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†
(S&P/Moody’s)

     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 +
8.500%(8),(11)

     (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
+ 6.250%(11)

     (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†
(S&P/Moody’s)

     Maturity        Rate%        Value  
                        
 

ASSET BACKED SECURITIES (continued)

 
 

Collateralized Debt Obligations (continued)

 
$ 1,500       

KKR CLO Ltd., 16, Rule 144A, LIBOR 3M +
7.110% (1),(11)

     (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,
Rule 144A (1)

     (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 Moody’s Investors Service, Inc. (“Moody’s”) 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
Currency to be
Purchased

    

Forward Currency
to be Sold

    

    Expiration
     Date

  

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 to be
Purchased

    

Forward Currency
to be Sold

    

    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 Fund’s valuation process. The Board has delegated the supervision of the daily valuation process to Credit Suisse Asset Management, LLC, the Fund’s investment adviser (“Credit Suisse” or the “Adviser”), who has established a Pricing Committee and a Pricing Group, which, pursuant to the policies adopted by the Board, are responsible for making fair valuation determinations and overseeing the Fund’s pricing policies. The net asset value of the Fund is determined daily as of the close of regular trading on the New York Stock Exchange, Inc. (the “Exchange”) on each day the Exchange is open for business. The valuations for fixed income securities (which may include, but are not limited to, corporate, government, municipal, mortgage-backed, collateralized mortgage obligations and asset-backed securities) and certain derivative instruments are typically the prices supplied by independent third party pricing services, which may use market prices or broker/dealer quotations or a variety of valuation techniques and methodologies. The independent third party pricing services use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar securities. These pricing services generally price fixed income securities assuming orderly transactions of an institutional “round lot” size, but some trades occur in smaller “odd lot” sizes which may be effected at lower prices than institutional round lot trades. Structured note agreements are valued in accordance with a dealer-supplied valuation based on changes in the value of the underlying index. Futures contracts are valued daily at the settlement price established by the board of trade or exchange on which they are traded. Forward contracts are valued at the London closing spot rates and the London closing forward point rates on a daily basis. The currency forward contract pricing model derives the differential in point rates to the expiration date of the forward and calculates its present value. Equity securities for which market quotations are available are valued at the last reported sales price or official closing price on the primary market or exchange on which they trade. Investments in open-ended mutual funds are valued at the net asset value as reported on each business day and under normal circumstances. Securities for which market quotations are not readily available are valued at their fair value as determined in good faith by the Adviser, as the Board’s valuation designee (as defined in Rule 2a-5 under the 1940 Act), in accordance with the Adviser’s procedures. The Board oversees the Adviser in its role as valuation designee in accordance with the requirements of Rule 2a-5 under the 1940 Act. The Fund may utilize a service provided by an independent third party 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 1–quoted prices in active markets for identical investments

    

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

    

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

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

The following is a summary of the inputs used as of January 31, 2023 in valuing the Fund’s assets and liabilities carried at fair value:

 

Assets

   Level 1      Level 2      Level 3     Total  

Investments in Securities

 

Corporate Bonds

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

During the period ended January 31, 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 Fund’s website at www.credit-suisse.com/us/funds, as well as on the website of the Securities and Exchange Commission at www.sec.gov.