0000810766falseN-CSRS 0000810766 2025-01-01 2025-06-30 0000810766 cik0000810766:CommonSharesMember 2025-01-01 2025-06-30 xbrli:shares
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
FORM
N-CSR
 
 
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act File
No. 811-05012
 
 
CREDIT SUISSE ASSET MANAGEMENT INCOME FUND, INC.
(Exact Name of Registrant as Specified in Charter)
 
 
Eleven Madison Avenue, New York, New York 10010
(Address of Principal Executive Offices) (Zip Code)
Omar Tariq
Credit Suisse Asset Management Income Fund, Inc.
Eleven Madison Avenue
New York, New York 10010
 
 
Registrant’s telephone number, including area code: (212)
325-2000
Date of fiscal year end: December 31
Date of reporting period: January 1, 2025 to June 30, 2025
 
 
 

Item 1. Reports to Stockholders.

Credit Suisse Asset Management Income Fund, Inc.
Eleven Madison Avenue
New York, NY 10010
 
 
Directors
Laura A. DeFelice
Chair of the Board
Charles W. Gerber
Mahendra R. Gupta
Samantha Kappagoda
John G. Popp
Lee M. Shaiman
 
 
Officers
Omar Tariq
Chief Executive Officer and President
John G. Popp
Chief Investment Officer
Brandi Sinkovich
Chief Compliance Officer
Lou Anne McInnis
Chief Legal Officer
Rose Ann Bubloski
Chief Financial Officer and Treasurer
Karen Regan
Senior Vice President and Secretary
 
 
Investment Adviser
UBS Asset Management (Americas) LLC
787 Seventh Avenue
New York, NY 10019
 
 
Administrator and Custodian
State Street Bank and Trust Co.
One Congress Street, Suite 1
Boston, MA 02114-2016
 
 
Shareholder Servicing Agent
Computershare Trust Company, N.A.
P.O. Box 43006
Providence, RI 02940-3078
 
 
Legal Counsel
Simpson Thacher & Bartlett LLP
425 Lexington Avenue
New York, NY 10017
 
 
Independent Registered Public Accounting Firm
Ernst & Young LLP
One Manhattan West
New York, NY 10001
 
 
 
 
 
Credit Suisse Asset Management Income Fund, Inc.
 
 
SEMIANNUAL REPORT
June 30, 2025 (unaudited)
 

Credit Suisse Asset Management Income Fund, Inc.
Semiannual Investment Adviser’s Report
June 30, 2025 (unaudited)
 
 
June 30, 2025
Dear Shareholder:
We are pleased to present this Semiannual Report covering the activities of the Credit Suisse Asset Management Income Fund, Inc. (the “Fund”) for the
six-month
period ended June 30, 2025 (“the Period”).
Performance Summary
1/1/2025 – 6/30/2025
 
Fund & Benchmark
  
Performance
 
Total Return (based on net asset value (“NAV”))
1
     3.70
Total Return (based on market value)
1
     7.67
ICE BofA US High Yield Constrained Index (the “Index”)
2
     4.55
 
 
1
 
Assuming reinvestment of distributions.
2
 
The ICE BofA US High Yield Constrained Index (the “Index”) is an unmanaged index that tracks the performance of below investment-grade U.S. dollar-denominated corporate bonds issued in the U.S. domestic market, where each issuer’s allocation is limited to 2% of the Index. The Index does not have transaction costs and investors cannot invest directly in the Index.
Market Review: A positive period for high yield assets
The Period was positive for the high yield asset class, with the Index, the Fund’s benchmark, gaining 4.55% for the Period. This follows strong 2024 returns of 8.20%. For much of 2025 so far, government bond yields declined—the
10-year
U.S. treasury rate reached 4.23% compared to 4.57% in the prior period. On the positive side, this provided a tailwind for high yield returns. Credit spreads widened as the Trump administration’s trade policy caused concern of a potential recession. However, investor sentiment improved throughout the second quarter as trade rhetoric softened and economic conditions remained sound. Spreads reached a peak of +476 basis points, up from +308 at the beginning of the Period, and settled at +323 basis points as of June 30, 2025. Accordingly, average yields on the Index decreased to end the Period at 7.02%—39 basis points lower than on December 31, 2024.
For the Period,
BB-rated
bonds outperformed the Index, gaining 5.01%.
B-rated
bonds were relatively in line with the Index, returning 4.25%, while
CCC-rated
bonds underperformed the Index with a 3.97% return.
From an industry perspective, food & drug retailers,
non-electric
utilities, and pharmaceuticals were the best performing sectors, gaining 8.44%, 7.84% and 7.58%, respectively. In contrast, the worst performing sectors included media-diversified, rail, and department stores, which returned
-12.55%,
-4.47%
and
-0.10%,
respectively.
Default activity remains below long-term averages which led to very limited bankruptcy filings in the high yield space. According to JP Morgan, the default rate, including distressed exchanges, ended the Period at 1.41%—down 6 basis points over the Period. While we expect increased volatility for the remainder of the year, we do not expect a material increase in defaults in the near-term.
Mutual fund flows were positive during the Period, continuing the momentum from 2024. Inflows totaled $9.7 billion in the first six months of 2025, which compares to inflows of $5.4 billion in the first half of 2024 and $16.3 billion for 2024 overall. Interestingly, due to the market panic around President Trump’s trade negotiations, April 2025 saw $10.9 billion of outflows. However, inflows of nearly $7 billion in both May and June more than made up for the lost capital.
 
1

Credit Suisse Asset Management Income Fund, Inc.
Semiannual Investment Adviser’s Report (continued)
June 30, 2025 (unaudited)
 
 
Year-to-date,
new high yield issuance totaled $145.6 billion—down approximately 12% year-over-year. However, if we exclude refinancing activity, “net” new issuance of $40.4 billion is up 29% versus the first half of 2024. So, while the high yield capital markets continue to be dominated by refinancing activity so far in 2025, it is to a lesser degree than last year.
Strategic review and outlook: Focusing on discipline to find the right opportunities
For the Period, the Fund underperformed from an NAV perspective but outperformed from a market-price perspective. From a ratings perspective, the portfolio outperformed the Index in both Ba and
B-rated
securities, while security selection within
CCC-rated
investments—along with an allocation to loans—detracted from relative returns.
Positive returns for the high yield asset class have persisted thanks to the resiliency of the U.S. economy and strong technical footing in the market with steady inflows and low net new issuance. The tariff threats are causing uncertainty and reducing capital investments, putting fundamentals at risk. However, when we examine the average high yield issuer, we see conservative balance sheets and enough cushion to withstand a slower growth environment. As volatility and uncertainty continue to impact markets, we believe the high yield asset class will continue to offer attractive risk-adjusted investment opportunities. We remain committed to our credit underwriting standards as cost of capital remains relatively high and growing geopolitical risks have the potential to hurt consumers and businesses alike.
 
John G. Popp
Chief Investment Officer*
  
Omar Tariq
Chief Executive Officer and President**
High yield bonds are lower-quality bonds that are also known as “junk bonds.” Such bonds entail greater risks than those found in higher-rated securities.
In addition to historical information, this report contains forward-looking statements, which may concern, among other things, domestic and foreign markets, industry and economic trends and developments, and government regulation, and their potential impact on the Fund’s investments. These statements are subject to risks and uncertainties and actual trends, developments and regulations in the future, and their impact on the Fund could be materially different from those projected, anticipated or implied. The Fund has no obligation to update or revise forward-looking statements.
The views of the Fund’s management are as of the date of this letter and the Fund holdings described in this document are as of June 30, 2025; these views and Fund holdings may have changed subsequent to these dates. Nothing in this document is a recommendation to purchase or sell securities.
 
*
John G. Popp is a Managing Director of UBS Asset Management (Americas) LLC (“UBS AM (Americas)”) and Group Head and Chief Investment Officer of Credit Investments Group (“CIG”), with primary responsibility for making investment decisions and monitoring processes for CIG’s global investment strategies. Mr. Popp also serves as Trustee of the Credit Suisse open-end Funds, as well as serving as Director for the Credit Suisse Asset Management Income Fund, Inc. and Trustee of the Credit Suisse High Yield Bond Fund.
**
Omar Tariq is an Executive Director of UBS AM (Americas). Mr. Tariq also serves as Chief Executive Officer and President of the Credit Suisse open-end funds, the Credit Suisse Asset Management Income Fund, Inc. and the Credit Suisse High Yield Bond Fund.
 
2

Credit Suisse Asset Management Income Fund, Inc.
Semiannual Investment Adviser’s Report (continued)
June 30, 2025 (unaudited)
 
 
Average Annual Returns
June 30, 2025 (unaudited)
 
 
      
6 Months
      
1 Year
      
3 Years
      
5 Years
      
10 Years
 
Net Asset Value (NAV)
       3.70%          8.85%          11.91%          8.51%          7.03%  
Market Value
       7.67%          9.22%          12.98%          11.48%          8.46%  
UBS AM (Americas) may waive fees and/or reimburse expenses, without which performance would be lower. Returns represent past performance and do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the sale of Fund shares. Total investment return at NAV is based on the change in the NAV of Fund shares and assumes reinvestment of dividends, capital gains, and return of capital distributions, if any, at prices pursuant to the Fund’s dividend reinvestment program. Total investment return at market value is based on the change in the market price at which the Fund’s shares traded on the NYSE American during the period and assumes reinvestment of dividends, capital gains, and return of capital distributions, if any, at prices pursuant to the Fund’s dividend reinvestment program. Because the Fund’s shares trade in the stock market based on investor demand, the Fund may trade at a price higher or lower than its NAV. Therefore, returns are calculated based on NAV and share price.
Past performance is no guarantee of future results.
The current performance of the Fund may be lower or higher than the figures shown. The Fund’s yield, return, NAV and market price will fluctuate. Performance information current to the most recent month end is available by calling
1-800-293-1232.
The annualized gross and net expense ratios are 3.02%.
Credit Quality Breakdown *
(% of Total Investments as of
June 30, 2025)
 
S&P Ratings**
 
BBB
     2.5
BB
     34.9  
B
     39.2  
CCC
     12.4  
CC
     0.1  
D
     0.8  
NR
     7.4  
  
 
 
 
Subtotal
     97.3  
Equity and Other
     2.7  
  
 
 
 
Total
     100.0
  
 
 
 
 
*
Expressed as a percentage of total investments (excluding securities lending collateral, if applicable) and may vary over time.
**
Credit Quality is based on ratings provided by the S&P Global Ratings Division of S&P Global Inc. (“S&P”). S&P is a main provider of ratings for credit assets classes and is widely used amongst industry participants. The NR category consists of securities that have not been rated by S&P.
Derivatives are not reflected in amounts reported above.
 
3

Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments
June 30, 2025 (unaudited)
 
 
Par
(000)
        
Ratings†
(S&P/Moody's)
  
Maturity
    
Rate%
    
Value
 
CORPORATE BONDS
(107.5%)
 
Aerospace & Defense
(3.3%)
 
$
400
 
 
AAR Escrow Issuer LLC, Rule 144A, Company Guaranteed Notes
(Callable 03/15/26 @ 103.38)
(1)
  
(BB, Ba2)
  
 
03/15/29
 
  
 
6.750
 
  
$
414,797
 
 
1,600
 
 
Amentum Holdings, Inc., Rule 144A, Company Guaranteed Notes
(Callable 08/01/27 @ 103.63)
(1)
  
(B, B3)
  
 
08/01/32
 
  
 
7.250
 
  
 
1,647,819
 
 
391
 
 
Bombardier, Inc., Rule 144A, Senior Unsecured Notes
(Callable 02/01/26 @ 103.75)
(1)
  
(BB-, B1)
  
 
02/01/29
 
  
 
7.500
 
  
 
410,291
 
 
600
 
 
Bombardier, Inc., Rule 144A, Senior Unsecured Notes
(Callable 11/15/26 @ 104.38)
(1)
  
(BB-, B1)
  
 
11/15/30
 
  
 
8.750
 
  
 
650,224
 
 
305
 
 
CACI International, Inc., Rule 144A, Company Guaranteed Notes
(Callable 06/15/28 @ 103.19)
(1)
  
(BB-, Ba2)
  
 
06/15/33
 
  
 
6.375
 
  
 
314,778
 
 
536
 
 
Goat Holdco LLC, Rule 144A, Senior Secured Notes (Callable 02/01/28 @ 103.38)
(1)
  
(B, B2)
  
 
02/01/32
 
  
 
6.750
 
  
 
545,367
 
 
840
 
 
TransDigm, Inc., Rule 144A, Senior Secured Notes (Callable 03/01/26 @ 103.19)
(1)
  
(BB-, Ba3)
  
 
03/01/29
 
  
 
6.375
 
  
 
861,957
 
 
440
 
 
TransDigm, Inc., Rule 144A, Senior Secured Notes (Callable 03/01/27 @ 103.31)
(1)
  
(BB-, Ba3)
  
 
03/01/32
 
  
 
6.625
 
  
 
456,229
 
             
 
 
 
             
 
5,301,462
 
             
 
 
 
Air Transportation
(0.2%)
 
 
369
 
 
VistaJet Malta Finance PLC/Vista Management Holding, Inc., Rule 144A, Senior Unsecured Notes
(Callable 07/30/25 @ 103.19)
(1),(2)
  
(B, B3)
  
 
02/01/30
 
  
 
6.375
 
  
 
342,580
 
             
 
 
 
 
Auto Parts & Equipment
(5.7%)
           
 
1,388
 
 
Adient Global Holdings Ltd., Rule 144A, Company Guaranteed Notes
(Callable 02/15/28 @ 103.75)
(1),(2)
  
(BB, B2)
  
 
02/15/33
 
  
 
7.500
 
  
 
1,420,587
 
 
286
 
 
Adient Global Holdings Ltd., Rule 144A, Senior Secured Notes
(Callable 07/10/25 @ 103.50)
(1)
  
(BBB-, Ba2)
  
 
04/15/28
 
  
 
7.000
 
  
 
295,028
 
 
2,086
 
 
Clarios Global LP/Clarios U.S. Finance Co., Rule 144A, Company Guaranteed Notes
(Callable 07/30/25 @ 100.00)
(1)
  
(B, Caa1)
  
 
05/15/27
 
  
 
8.500
 
  
 
2,098,860
 
 
631
 
 
Cougar JV Subsidiary LLC, Rule 144A, Senior Unsecured Notes
(Callable 05/15/27 @ 104.00)
(1)
  
(B+, B2)
  
 
05/15/32
 
  
 
8.000
 
  
 
672,874
 
 
1,825
 
 
Dealer Tire LLC/DT Issuer LLC, Rule 144A, Senior Unsecured Notes
(Callable 07/30/25 @ 102.00)
(1),(2)
  
(CCC, Caa1)
  
 
02/01/28
 
  
 
8.000
 
  
 
1,764,383
 
 
1,530
 
 
Garrett Motion Holdings, Inc./Garrett LX I SARL, Rule 144A, Company Guaranteed Notes
(Callable 05/31/27 @ 103.88)
(1)
  
(B, B1)
  
 
05/31/32
 
  
 
7.750
 
  
 
1,594,387
 
 
1,222
 
 
Phinia, Inc., Rule 144A, Senior Secured Notes (Callable 04/15/26 @ 103.38)
(1)
  
(BB+, Baa3)
  
 
04/15/29
 
  
 
6.750
 
  
 
1,262,623
 
             
 
 
 
             
 
9,108,742
 
             
 
 
 
Brokerage
(0.6%)
 
 
945
 
 
StoneX Group, Inc., Rule 144A, Secured Notes (Callable 03/01/27 @ 103.94)
(1)
  
(BB-, Ba3)
  
 
03/01/31
 
  
 
7.875
 
  
 
991,192
 
             
 
 
 
Building & Construction
(3.9%)
 
 
1,000
 
 
Installed Building Products, Inc., Rule 144A, Company Guaranteed Notes
(Callable 07/15/25 @ 100.00)
(1)
  
(B+, Ba2)
  
 
02/01/28
 
  
 
5.750
 
  
 
1,000,994
 
 
1,442
 
 
MasTec, Inc., Rule 144A, Senior Unsecured Notes (Callable 07/10/25 @ 103.31)
(1)
  
(BBB-, NR)
  
 
08/15/29
 
  
 
6.625
 
  
 
1,449,779
 
 
1,774
 
 
Pike Corp., Rule 144A, Company Guaranteed Notes (Callable 07/30/25 @ 101.38)
(1)
  
(B, B3)
  
 
09/01/28
 
  
 
5.500
 
  
 
1,771,129
 
 
200
 
 
Pike Corp., Rule 144A, Senior Unsecured Notes (Callable 01/31/27 @ 104.31)
(1)
  
(B, B3)
  
 
01/31/31
 
  
 
8.625
 
  
 
217,766
 
 
434
 
 
Quikrete Holdings, Inc., Rule 144A, Senior Secured Notes
(Callable 03/01/28 @ 103.19)
(1)
  
(BB, Ba3)
  
 
03/01/32
 
  
 
6.375
 
  
 
447,216
 
 
See Accompanying Notes to Financial Statements.
 
4

Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments (continued)
June 30, 2025 (unaudited)
 
 
Par
(000)
        
Ratings†
(S&P/Moody's)
  
Maturity
    
Rate%
    
Value
 
CORPORATE BONDS
(continued)
 
Building & Construction
(continued)
 
$
723
 
 
Quikrete Holdings, Inc., Rule 144A, Senior Unsecured Notes
(Callable 03/01/28 @ 103.38)
(1)
  
(B+, B2)
  
 
03/01/33
 
  
 
6.750
 
  
$
746,480
 
 
705
 
 
Standard Building Solutions, Inc., Rule 144A, Senior Unsecured Notes
(Callable 08/15/27 @ 103.25)
(1)
  
(BB, Ba3)
  
 
08/15/32
 
  
 
6.500
 
  
 
722,860
 
             
 
 
 
             
 
6,356,224
 
             
 
 
 
Building Materials
(5.9%)
 
 
377
 
 
Advanced Drainage Systems, Inc., Rule 144A, Company Guaranteed Notes
(Callable 07/30/25 @ 103.19)
(1)
  
(BB-, Ba2)
  
 
06/15/30
 
  
 
6.375
 
  
 
385,850
 
 
1,500
 
 
Arcosa, Inc., Rule 144A, Company Guaranteed Notes
(Callable 08/15/27 @ 103.44)
(1)
  
(B+, Ba3)
  
 
08/15/32
 
  
 
6.875
 
  
 
1,557,735
 
 
142
 
 
Camelot Return Merger Sub, Inc., Rule 144A, Senior Secured Notes
(Callable 07/30/25 @ 106.56)
(1)
  
(B-, B3)
  
 
08/01/28
 
  
 
8.750
 
  
 
131,063
 
 
735
 
 
Cornerstone Building Brands, Inc., Rule 144A, Senior Secured Notes
(Callable 08/15/26 @ 104.75)
(1)
  
(B-, B3)
  
 
08/15/29
 
  
 
9.500
 
  
 
676,349
 
 
1,606
 
 
Foundation Building Materials, Inc., Rule 144A, Company Guaranteed Notes
(Callable 07/30/25 @ 101.50)
(1),(2)
  
(CCC+, Caa2)
  
 
03/01/29
 
  
 
6.000
 
  
 
1,471,458
 
 
800
 
 
James Hardie International Finance DAC, Rule 144A, Company Guaranteed Notes
(Callable 07/30/25 @ 100.83)
(1)
  
(BB, Ba1)
  
 
01/15/28
 
  
 
5.000
 
  
 
796,768
 
 
532
 
 
Masterbrand, Inc., Rule 144A, Company Guaranteed Notes
(Callable 07/15/27 @ 103.50)
(1)
  
(BB, Ba3)
  
 
07/15/32
 
  
 
7.000
 
  
 
544,008
 
 
1,287
 
 
Miter Brands Acquisition Holdco, Inc./MIWD Borrower LLC, Rule 144A, Senior Secured Notes
(Callable 04/01/27 @ 103.38)
(1)
  
(BB-, B1)
  
 
04/01/32
 
  
 
6.750
 
  
 
1,320,827
 
 
1,819
 
 
Oscar AcquisitionCo LLC/Oscar Finance, Inc., Rule 144A, Senior Unsecured Notes
(Callable 07/30/25 @ 104.75)
(1),(2)
  
(CCC, Caa2)
  
 
04/15/30
 
  
 
9.500
 
  
 
1,482,607
 
 
400
 
 
Standard Industries, Inc., Rule 144A, Senior Unsecured Notes
(Callable 07/30/25 @ 102.19)
(1)
  
(BB, Ba3)
  
 
07/15/30
 
  
 
4.375
 
  
 
378,968
 
 
748
 
 
White Cap Buyer LLC, Rule 144A, Senior Unsecured Notes
(Callable 07/30/25 @ 101.72)
(1),(2)
  
(CCC+, Caa1)
  
 
10/15/28
 
  
 
6.875
 
  
 
747,386
 
             
 
 
 
             
 
9,493,019
 
             
 
 
 
Cable & Satellite TV
(1.6%)
 
 
1,856
 
 
Altice France SA, Rule 144A, Senior Secured Notes
(Callable 07/30/25 @ 101.28)
(1),(3),(4)
  
(D, Caa2)
  
 
01/15/29
 
  
 
0.000
 
  
 
1,534,680
 
 
200
 
 
Altice France SA, Rule 144A, Senior Secured Notes
(Callable 07/30/25 @ 101.28)
(1),(3),(4)
  
(D, Caa2)
  
 
07/15/29
 
  
 
0.000
 
  
 
166,195
 
 
200
 
 
Altice France SA, Rule 144A, Senior Secured Notes
(Callable 07/30/25 @ 102.75)
(1),(3),(4)
  
(D, Caa2)
  
 
10/15/29
 
  
 
0.000
 
  
 
166,375
 
 
800
 
 
Sunrise FinCo I BV, Rule 144A, Senior Secured Notes
(Callable 07/15/26 @ 102.44)
(1)
  
(BB-, B1)
  
 
07/15/31
 
  
 
4.875
 
  
 
757,100
 
             
 
 
 
             
 
2,624,350
 
             
 
 
 
Chemicals
(5.0%)
 
 
477
 
 
Avient Corp., Rule 144A, Senior Unsecured Notes (Callable 08/01/25 @ 103.56)
(1)
  
(BB-, Ba3)
  
 
08/01/30
 
  
 
7.125
 
  
 
493,371
 
 
533
 
 
Avient Corp., Rule 144A, Senior Unsecured Notes (Callable 09/15/27 @ 103.13)
(1)
  
(BB-, Ba3)
  
 
11/01/31
 
  
 
6.250
 
  
 
538,068
 
 
515
 
 
Element Solutions, Inc., Rule 144A, Company Guaranteed Notes
(Callable 07/30/25 @ 100.97)
(1)
  
(BB, B1)
  
 
09/01/28
 
  
 
3.875
 
  
 
499,138
 
 
See Accompanying Notes to Financial Statements.
 
5

Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments (continued)
June 30, 2025 (unaudited)
 
 
Par
(000)
        
Ratings†
(S&P/Moody's)
  
Maturity
    
Rate%
    
Value
 
CORPORATE BONDS
(continued)
 
Chemicals
(continued)
 
$
600
 
 
Herens Holdco SARL, Rule 144A, Senior Secured Notes
(Callable 07/30/25 @ 101.88)
(1)
  
(B-, B2)
  
 
05/15/28
 
  
 
4.750
 
  
$
538,403
 
 
800
 
 
Herens Midco SARL, Rule 144A, Company Guaranteed Notes
(Callable 07/30/25 @ 101.31)
(1),(5)
  
(CCC, Caa2)
  
 
05/15/29
 
  
 
5.250
 
  
 
692,156
 
 
1,288
 
 
INEOS Finance PLC, Rule 144A, Senior Secured Notes
(Callable 07/30/25 @ 103.38)
(1)
  
(BB-, Ba3)
  
 
05/15/28
 
  
 
6.750
 
  
 
1,279,766
 
 
607
 
 
Methanex U.S. Operations, Inc., Rule 144A, Company Guaranteed Notes
(Callable 09/15/31 @ 100.00)
(1)
  
(BB, Ba2)
  
 
03/15/32
 
  
 
6.250
 
  
 
604,773
 
 
1,600
 
 
Tronox, Inc., Rule 144A, Company Guaranteed Notes
(Callable 07/30/25 @ 101.16)
(1),(2)
  
(BB-, B2)
  
 
03/15/29
 
  
 
4.625
 
  
 
1,382,185
 
 
1,915
 
 
Vibrantz Technologies, Inc., Rule 144A, Senior Unsecured Notes
(Callable 07/30/25 @ 104.50)
(1),(2)
  
(CCC+, Caa2)
  
 
02/15/30
 
  
 
9.000
 
  
 
1,291,739
 
 
690
 
 
WR Grace Holdings LLC, Rule 144A, Senior Secured Notes
(Callable 03/01/26 @ 103.69)
(1)
  
(B-, B2)
  
 
03/01/31
 
  
 
7.375
 
  
 
706,743
 
             
 
 
 
             
 
8,026,342
 
             
 
 
 
Diversified Capital Goods
(2.1%)
 
 
762
 
 
Atkore, Inc., Rule 144A, Senior Unsecured Notes (Callable 06/01/26 @ 102.13)
(1)
  
(BB+, Ba2)
  
 
06/01/31
 
  
 
4.250
 
  
 
705,620
 
 
1,400
 
 
Dornoch Debt Merger Sub, Inc., Rule 144A, Senior Unsecured Notes
(Callable 07/30/25 @ 103.31)
(1),(2)
  
(CCC, Caa2)
  
 
10/15/29
 
  
 
6.625
 
  
 
1,085,890
 
 
600
 
 
EnerSys, Rule 144A, Company Guaranteed Notes (Callable 09/15/27 @ 100.00)
(1)
  
(BB+, Ba3)
  
 
12/15/27
 
  
 
4.375
 
  
 
591,913
 
 
500
 
 
EnerSys, Rule 144A, Company Guaranteed Notes (Callable 01/15/27 @ 103.31)
(1)
  
(BB+, Ba3)
  
 
01/15/32
 
  
 
6.625
 
  
 
511,811
 
 
491
 
 
Maxam Prill SARL, Rule 144A, Senior Secured Notes
(Callable 07/02/27 @ 103.88)
(1)
  
(NR, NR)
  
 
07/15/30
 
  
 
7.750
 
  
 
492,252
 
             
 
 
 
             
 
3,387,486
 
             
 
 
 
Electronics
(1.3%)
 
 
1,015
 
 
Ellucian Holdings, Inc., Rule 144A, Senior Secured Notes
(Callable 12/01/26 @ 103.25)
(1)
  
(B-, B2)
  
 
12/01/29
 
  
 
6.500
 
  
 
1,040,572
 
 
950
 
 
Sensata Technologies, Inc., Rule 144A, Company Guaranteed Notes
(Callable 07/15/27 @ 103.31)
(1)
  
(BB+, Ba2)
  
 
07/15/32
 
  
 
6.625
 
  
 
978,471
 
             
 
 
 
             
 
2,019,043
 
             
 
 
 
Energy - Exploration & Production
(6.3%)
 
 
425
 
 
Civitas Resources, Inc., Rule 144A, Company Guaranteed Notes
(Callable 07/10/25 @ 104.19)
(1)
  
(BB-, B1)
  
 
07/01/28
 
  
 
8.375
 
  
 
435,677
 
 
679
 
 
Civitas Resources, Inc., Rule 144A, Company Guaranteed Notes
(Callable 07/01/26 @ 104.38)
(1)
  
(BB-, B1)
  
 
07/01/31
 
  
 
8.750
 
  
 
687,746
 
 
211
 
 
Civitas Resources, Inc., Rule 144A, Company Guaranteed Notes
(Callable 06/15/28 @ 104.81)
(1)
  
(BB-, B1)
  
 
06/15/33
 
  
 
9.625
 
  
 
216,509
 
 
1,477
 
 
CNX Midstream Partners LP, Rule 144A, Company Guaranteed Notes
(Callable 07/30/25 @ 102.38)
(1)
  
(BB, B1)
  
 
04/15/30
 
  
 
4.750
 
  
 
1,398,826
 
 
450
 
 
CNX Resources Corp., Rule 144A, Company Guaranteed Notes
(Callable 03/01/27 @ 103.63)
(1)
  
(BB, B1)
  
 
03/01/32
 
  
 
7.250
 
  
 
466,112
 
 
2,050
 
 
CQP Holdco LP/BIP-V Chinook Holdco LLC, Rule 144A, Senior Secured Notes (Callable 12/15/28 @ 103.75)
(1)
  
(BB, Ba2)
  
 
12/15/33
 
  
 
7.500
 
  
 
2,232,438
 
 
See Accompanying Notes to Financial Statements.
 
6

Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments (continued)
June 30, 2025 (unaudited)
 
 
Par
(000)
        
Ratings†
(S&P/Moody's)
  
Maturity
    
Rate%
    
Value
 
CORPORATE BONDS
(continued)
 
Energy - Exploration & Production
(continued)
 
$
203
 
 
Excelerate Energy LP, Rule 144A, Company Guaranteed Notes
(Callable 05/15/27 @ 104.00)
(1)
  
(BB+, NR)
  
 
05/15/30
 
  
 
8.000
 
  
$
214,527
 
 
420
 
 
Matador Resources Co., Rule 144A, Company Guaranteed Notes
(Callable 07/10/25 @ 103.44)
(1)
  
(BB-, B1)
  
 
04/15/28
 
  
 
6.875
 
  
 
428,723
 
 
626
 
 
Matador Resources Co., Rule 144A, Company Guaranteed Notes
(Callable 04/15/27 @ 103.25)
(1)
  
(BB-, B1)
  
 
04/15/32
 
  
 
6.500
 
  
 
626,494
 
 
550
 
 
Murphy Oil USA, Inc., Rule 144A, Company Guaranteed Notes
(Callable 02/15/26 @ 101.88)
(1)
  
(BB+, Ba2)
  
 
02/15/31
 
  
 
3.750
 
  
 
508,016
 
 
2,284
 
 
Northern Oil & Gas, Inc., Rule 144A, Senior Unsecured Notes
(Callable 07/30/25 @ 102.03)
(1)
  
(B+, B1)
  
 
03/01/28
 
  
 
8.125
 
  
 
2,305,837
 
 
720
 
 
TGNR Intermediate Holdings LLC, Rule 144A, Senior Unsecured Notes
(Callable 07/30/25 @ 102.75)
(1)
  
(B+, B3)
  
 
10/15/29
 
  
 
5.500
 
  
 
698,131
 
             
 
 
 
             
 
10,219,036
 
             
 
 
 
Environmental
(0.4%)
 
 
223
 
 
Clean Harbors, Inc., Rule 144A, Company Guaranteed Notes
(Callable 02/01/26 @ 103.19)
(1)
  
(BB+, Ba2)
  
 
02/01/31
 
  
 
6.375
 
  
 
228,587
 
 
391
 
 
Waste Pro U.S.A., Inc., Rule 144A, Senior Unsecured Notes
(Callable 02/01/28 @ 103.50)
(1)
  
(B-, B3)
  
 
02/01/33
 
  
 
7.000
 
  
 
406,780
 
             
 
 
 
             
 
635,367
 
             
 
 
 
Food - Wholesale
(1.6%)
 
 
500
 
 
Darling Ingredients, Inc., Rule 144A, Company Guaranteed Notes
(Callable 07/10/25 @ 100.00)
(1)
  
(BB+, Ba2)
  
 
04/15/27
 
  
 
5.250
 
  
 
499,164
 
 
1,133
 
 
Darling Ingredients, Inc., Rule 144A, Company Guaranteed Notes
(Callable 07/10/25 @ 103.00)
(1)
  
(BB+, Ba2)
  
 
06/15/30
 
  
 
6.000
 
  
 
1,148,881
 
 
885
 
 
Performance Food Group, Inc., Rule 144A, Company Guaranteed Notes
(Callable 09/15/27 @ 103.06)
(1)
  
(BB, B1)
  
 
09/15/32
 
  
 
6.125
 
  
 
906,190
 
             
 
 
 
             
 
2,554,235
 
             
 
 
 
Gaming
(2.5%)
 
 
325
 
 
Boyd Gaming Corp., Rule 144A, Company Guaranteed Notes
(Callable 06/15/26 @ 102.38)
(1)
  
(BB, B1)
  
 
06/15/31
 
  
 
4.750
 
  
 
311,698
 
 
1,032
 
 
Caesars Entertainment, Inc., Rule 144A, Senior Secured Notes
(Callable 02/15/26 @ 103.50)
(1)
  
(BB-, Ba3)
  
 
02/15/30
 
  
 
7.000
 
  
 
1,069,077
 
 
218
 
 
Caesars Entertainment, Inc., Rule 144A, Senior Secured Notes
(Callable 02/15/27 @ 103.25)
(1)
  
(BB-, Ba3)
  
 
02/15/32
 
  
 
6.500
 
  
 
223,759
 
 
834
 
 
Light & Wonder International, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/15/25 @ 100.00)
(1)
  
(B+, B2)
  
 
05/15/28
 
  
 
7.000
 
  
 
837,299
 
 
1,500
 
 
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp., Rule 144A, Company Guaranteed Notes
(Callable 02/15/27 @ 100.00)
(1)
  
(BB-, B1)
  
 
05/15/27
 
  
 
5.250
 
  
 
1,501,319
 
             
 
 
 
             
 
3,943,152
 
             
 
 
 
Gas Distribution
(2.8%)
 
 
200
 
 
Blue Racer Midstream LLC/Blue Racer Finance Corp., Rule 144A, Senior Unsecured Notes
(Callable 07/15/27 @ 103.63)
(1)
  
(B+, B2)
  
 
07/15/32
 
  
 
7.250
 
  
 
212,042
 
 
See Accompanying Notes to Financial Statements.
 
7

Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments (continued)
June 30, 2025 (unaudited)
 
 
Par
(000)
        
Ratings†
(S&P/Moody's)
  
Maturity
    
Rate%
    
Value
 
CORPORATE BONDS
(continued)
 
Gas Distribution
(continued)
 
$
286
 
 
Genesis Energy LP/Genesis Energy Finance Corp., Global Company Guaranteed Notes
(Callable 04/15/26 @ 104.44)
  
(B, B3)
  
 
04/15/30
 
  
 
8.875
 
  
$
303,962
 
 
400
 
 
Hess Midstream Operations LP, Rule 144A, Company Guaranteed Notes
(Callable 03/01/26 @ 102.94)
(1)
  
(BB+, Ba2)
  
 
03/01/28
 
  
 
5.875
 
  
 
406,225
 
 
400
 
 
Hess Midstream Operations LP, Rule 144A, Company Guaranteed Notes
(Callable 10/15/25 @ 102.75)
(1)
  
(BB+, Ba2)
  
 
10/15/30
 
  
 
5.500
 
  
 
401,941
 
 
692
 
 
Rockies Express Pipeline LLC, Rule 144A, Senior Unsecured Notes
(Callable 03/15/28 @ 103.38)
(1)
  
(BB, Ba2)
  
 
03/15/33
 
  
 
6.750
 
  
 
722,804
 
 
610
 
 
Rockies Express Pipeline LLC, Rule 144A, Senior Unsecured Notes
(Callable 02/15/30 @ 100.00)
(1)
  
(BB, Ba2)
  
 
05/15/30
 
  
 
4.800
 
  
 
591,635
 
 
600
 
 
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp., Rule 144A, Company Guaranteed Notes
(Callable 12/31/25 @ 103.00)
(1)
  
(B+, B1)
  
 
12/31/30
 
  
 
6.000
 
  
 
589,305
 
 
1,300
 
 
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp., Rule 144A, Senior Unsecured Notes
(Callable 02/15/26 @ 103.69)
(1)
  
(B+, B1)
  
 
02/15/29
 
  
 
7.375
 
  
 
1,336,941
 
             
 
 
 
             
 
4,564,855
 
             
 
 
 
Health Facility
(0.2%)
 
 
364
 
 
Insulet Corp., Rule 144A, Senior Unsecured Notes (Callable 04/01/28 @ 103.25)
(1)
  
(B+, B2)
  
 
04/01/33
 
  
 
6.500
 
  
 
378,464
 
             
 
 
 
Health Services
(2.3%)
 
 
1,107
 
 
AMN Healthcare, Inc., Rule 144A, Company Guaranteed Notes
(Callable 07/10/25 @ 101.00)
(1),(2)
  
(B+, B1)
  
 
04/15/29
 
  
 
4.000
 
  
 
1,025,952
 
 
1,746
 
 
AthenaHealth Group, Inc., Rule 144A, Senior Unsecured Notes
(Callable 07/30/25 @ 103.25)
(1)
  
(CCC, Caa2)
  
 
02/15/30
 
  
 
6.500
 
  
 
1,719,499
 
 
1,046
 
 
Pediatrix Medical Group, Inc., Rule 144A, Company Guaranteed Notes
(Callable 07/30/25 @ 102.69)
(1),(2)
  
(BB-, Ba3)
  
 
02/15/30
 
  
 
5.375
 
  
 
1,033,443
 
             
 
 
 
             
 
3,778,894
 
             
 
 
 
 
Hotels
(0.2%)
           
 
30
 
 
Hilton Domestic Operating Co., Inc., Rule 144A, Company Guaranteed Notes (Callable 04/01/26 @ 102.94)
(1)
  
(BB+, Ba2)
  
 
04/01/29
 
  
 
5.875
 
  
 
30,665
 
 
63
 
 
RHP Hotel Properties LP/RHP Finance Corp., Rule 144A, Company Guaranteed Notes
(Callable 06/15/28 @ 103.25)
(1)
  
(BB, Ba3)
  
 
06/15/33
 
  
 
6.500
 
  
 
64,850
 
 
181
 
 
RHP Hotel Properties LP/RHP Finance Corp., Rule 144A, Company Guaranteed Notes
(Callable 04/01/27 @ 103.25)
(1)
  
(BB, Ba3)
  
 
04/01/32
 
  
 
6.500
 
  
 
186,099
 
             
 
 
 
             
 
281,614
 
             
 
 
 
Insurance Brokerage
(7.0%)
 
 
1,069
 
 
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, Rule 144A, Senior Secured Notes
(Callable 07/30/25 @ 103.38)
(1)
  
(B, B2)
  
 
04/15/28
 
  
 
6.750
 
  
 
1,086,536
 
 
333
 
 
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, Rule 144A, Senior Secured Notes
(Callable 10/01/27 @ 103.69)
(1)
  
(B, B2)
  
 
10/01/31
 
  
 
6.500
 
  
 
339,510
 
 
400
 
 
AmWINS Group, Inc., Rule 144A, Senior Secured Notes
(Callable 02/15/26 @ 103.19)
(1)
  
(B+, B1)
  
 
02/15/29
 
  
 
6.375
 
  
 
407,885
 
 
771
 
 
AssuredPartners, Inc., Rule 144A, Senior Unsecured Notes
(Callable 07/30/25 @ 101.41)
(1)
  
(CCC+, Caa2)
  
 
01/15/29
 
  
 
5.625
 
  
 
769,267
 
 
See Accompanying Notes to Financial Statements.
 
8

Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments (continued)
June 30, 2025 (unaudited)
 
 
Par
(000)
        
Ratings†
(S&P/Moody's)
  
Maturity
    
Rate%
    
Value
 
CORPORATE BONDS
(continued)
 
Insurance Brokerage
(continued)
 
$
770
 
 
AssuredPartners, Inc., Rule 144A, Senior Unsecured Notes
(Callable 02/15/27 @ 103.75)
(1),(2)
  
(CCC+, Caa2)
  
 
02/15/32
 
  
 
7.500
 
  
$
828,374
 
 
1,675
 
 
Howden U.K. Refinance PLC/Howden U.K. Refinance 2 PLC/Howden U.S. Refinance LLC, Rule 144A, Senior Secured Notes (Callable 02/15/27 @ 103.63)
(1)
  
(B, B2)
  
 
02/15/31
 
  
 
7.250
 
  
 
1,735,635
 
 
800
 
 
HUB International Ltd., Rule 144A, Senior Secured Notes
(Callable 06/15/26 @ 103.63)
(1)
  
(B+, B1)
  
 
06/15/30
 
  
 
7.250
 
  
 
836,284
 
 
1,000
 
 
Jones Deslauriers Insurance Management, Inc., Rule 144A, Senior Secured Notes
(Callable 03/15/26 @ 104.25)
(1)
  
(B-, B2)
  
 
03/15/30
 
  
 
8.500
 
  
 
1,060,658
 
 
1,200
 
 
Jones Deslauriers Insurance Management, Inc., Rule 144A, Senior Unsecured Notes
(Callable 12/15/25 @ 105.25)
(1)
  
(CCC, Caa2)
  
 
12/15/30
 
  
 
10.500
 
  
 
1,279,954
 
 
1,000
 
 
Panther Escrow Issuer LLC, Rule 144A, Senior Secured Notes
(Callable 06/01/27 @ 103.56)
(1)
  
(B, B2)
  
 
06/01/31
 
  
 
7.125
 
  
 
1,039,406
 
 
800
 
 
Ryan Specialty LLC, Rule 144A, Senior Secured Notes
(Callable 07/30/25 @ 102.19)
(1)
  
(BB-, B1)
  
 
02/01/30
 
  
 
4.375
 
  
 
774,736
 
 
1,125
 
 
Ryan Specialty LLC, Rule 144A, Senior Secured Notes
(Callable 08/01/27 @ 102.94)
(1)
  
(BB-, B1)
  
 
08/01/32
 
  
 
5.875
 
  
 
1,134,568
 
             
 
 
 
             
 
11,292,813
 
             
 
 
 
Investments & Misc. Financial Services
(8.8%)
 
 
2,100
 
 
Armor Holdco, Inc., Rule 144A, Company Guaranteed Notes
(Callable 07/30/25 @ 104.25)
(1)
  
(CCC+, Caa1)
  
 
11/15/29
 
  
 
8.500
 
  
 
2,013,724
 
 
600
 
 
Block, Inc., Senior Unsecured Notes (Callable 05/15/27 @ 103.25)
  
(BB+, Ba2)
  
 
05/15/32
 
  
 
6.500
 
  
 
619,476
 
 
2,000
 
 
Boost Newco Borrower LLC, Rule 144A, Senior Secured Notes
(Callable 01/15/27 @ 103.75)
(1)
  
(BB, Ba3)
  
 
01/15/31
 
  
 
7.500
 
  
 
2,124,512
 
 
1,000
 
 
Compass Group Diversified Holdings LLC, Rule 144A, Company Guaranteed Notes
(Callable 07/15/25 @ 101.31)
(1)
  
(B-, B3)
  
 
04/15/29
 
  
 
5.250
 
  
 
898,455
 
 
800
 
 
Compass Group Diversified Holdings LLC, Rule 144A, Senior Unsecured Notes
(Callable 01/15/27 @ 102.50)
(1)
  
(B-, B3)
  
 
01/15/32
 
  
 
5.000
 
  
 
677,402
 
 
1,400
 
 
Focus Financial Partners LLC, Rule 144A, Senior Secured Notes
(Callable 09/15/27 @ 103.38)
(1)
  
(B, B2)
  
 
09/15/31
 
  
 
6.750
 
  
 
1,430,127
 
 
326
 
 
Jane Street Group/JSG Finance, Inc., Rule 144A, Senior Secured Notes
(Callable 05/01/28 @ 103.38)
(1)
  
(BB, Ba1)
  
 
05/01/33
 
  
 
6.750
 
  
 
335,440
 
 
1,800
 
 
Jane Street Group/JSG Finance, Inc., Rule 144A, Senior Secured Notes
(Callable 04/30/27 @ 103.56)
(1)
  
(BB, Ba1)
  
 
04/30/31
 
  
 
7.125
 
  
 
1,895,596
 
 
125
 
 
Jane Street Group/JSG Finance, Inc., Rule 144A, Senior Secured Notes
(Callable 11/01/27 @ 103.06)
(1)
  
(BB, Ba1)
  
 
11/01/32
 
  
 
6.125
 
  
 
126,250
 
 
1,309
 
 
Paysafe Finance PLC/Paysafe Holdings U.S. Corp., Rule 144A, Senior Secured Notes
(Callable 07/30/25 @ 101.00)
(1)
  
(B, B2)
  
 
06/15/29
 
  
 
4.000
 
  
 
1,201,856
 
 
400
 
 
Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc., Rule 144A, Company Guaranteed Notes
(Callable 08/15/27 @ 103.38)
(1)
  
(BB-, Ba3)
  
 
08/15/32
 
  
 
6.750
 
  
 
415,812
 
 
1,680
 
 
VFH Parent LLC/Valor Co-Issuer, Inc., Rule 144A, Senior Secured Notes
(Callable 06/15/27 @ 103.75)
(1)
  
(B+, B1)
  
 
06/15/31
 
  
 
7.500
 
  
 
1,764,034
 
 
704
 
 
Walker & Dunlop, Inc., Rule 144A, Company Guaranteed Notes
(Callable 04/01/28 @ 103.31)
(1)
  
(BB, Ba2)
  
 
04/01/33
 
  
 
6.625
 
  
 
724,224
 
             
 
 
 
             
 
14,226,908
 
             
 
 
 
 
See Accompanying Notes to Financial Statements.
 
9

Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments (continued)
June 30, 2025 (unaudited)
 
 
Par
(000)
        
Ratings†
(S&P/Moody's)
  
Maturity
    
Rate%
    
Value
 
CORPORATE BONDS
(continued)
 
Machinery
(2.8%)
 
$
815
 
 
Chart Industries, Inc., Rule 144A, Senior Secured Notes
(Callable 01/01/26 @ 103.75)
(1)
  
(BB-, Ba2)
  
 
01/01/30
 
  
 
7.500
 
  
$
854,263
 
 
580
 
 
Enpro, Inc., Rule 144A, Company Guaranteed Notes
(Callable 06/01/28 @ 103.06)
(1)
  
(BB-, Ba3)
  
 
06/01/33
 
  
 
6.125
 
  
 
594,397
 
 
1,482
 
 
Enviri Corp., Rule 144A, Company Guaranteed Notes
(Callable 07/30/25 @ 100.00)
(1)
  
(B, B3)
  
 
07/31/27
 
  
 
5.750
 
  
 
1,464,012
 
 
575
 
 
Griffon Corp., Global Company Guaranteed Notes (Callable 07/30/25 @ 100.96)
  
(B+, B1)
  
 
03/01/28
 
  
 
5.750
 
  
 
575,306
 
 
800
 
 
Hillenbrand, Inc., Global Company Guaranteed Notes
(Callable 02/15/26 @ 103.13)
  
(BB+, Ba1)
  
 
02/15/29
 
  
 
6.250
 
  
 
816,103
 
 
151
 
 
Regal Rexnord Corp., Global Company Guaranteed Notes
(Callable 01/15/33 @ 100.00)
  
(BB+, Baa3)
  
 
04/15/33
 
  
 
6.400
 
  
 
159,521
 
             
 
 
 
             
 
4,463,602
 
             
 
 
 
Media - Diversified
(0.0%)
 
 
28
 
 
Tech 7 SAS Super Senior
(3),(4),(5),(6),(7)
  
(NR, NR)
  
 
03/31/26
 
  
 
0.000
 
  
 
3
 
 
46
 
 
Tech 7 SAS Super Senior
(3),(4),(5),(6),(7)
  
(NR, NR)
  
 
03/31/26
 
  
 
0.000
 
  
 
5
 
 
14
 
 
Tech 7 SAS Technicolor Creative Studios Super Senior
(3),(4),(5),(6),(7)
  
(NR, NR)
  
 
03/31/26
 
  
 
0.000
 
  
 
2
 
 
14
 
 
Technicolor Creative Studios SA
(3),(4),(5),(6),(7)
  
(NR, NR)
  
 
04/01/26
 
  
 
0.000
 
  
 
2
 
             
 
 
 
             
 
12
 
             
 
 
 
Media Content
(0.2%)
 
 
400
 
 
Sirius XM Radio LLC, Rule 144A, Company Guaranteed Notes
(Callable 09/01/26 @ 101.94)
(1),(2)
  
(BB+, Ba3)
  
 
09/01/31
 
  
 
3.875
 
  
 
355,716
 
             
 
 
 
Metals & Mining - Excluding Steel
(4.7%)
 
 
689
 
 
Capstone Copper Corp., Rule 144A, Company Guaranteed Notes
(Callable 03/31/28 @ 103.38)
(1)
  
(BB-, B1)
  
 
03/31/33
 
  
 
6.750
 
  
 
705,948
 
 
1,306
 
 
Constellium SE, Rule 144A, Company Guaranteed Notes
(Callable 08/15/27 @ 103.19)
(1),(2)
  
(BB-, Ba3)
  
 
08/15/32
 
  
 
6.375
 
  
 
1,328,249
 
 
1,800
 
 
ERO Copper Corp., Rule 144A, Company Guaranteed Notes
(Callable 07/30/25 @ 103.25)
(1)
  
(B+, B1)
  
 
02/15/30
 
  
 
6.500
 
  
 
1,792,701
 
 
1,600
 
 
First Quantum Minerals Ltd., Rule 144A, Secured Notes
(Callable 03/01/26 @ 104.69)
(1)
  
(B, NR)
  
 
03/01/29
 
  
 
9.375
 
  
 
1,702,405
 
 
800
 
 
Kaiser Aluminum Corp., Rule 144A, Company Guaranteed Notes
(Callable 06/01/26 @ 102.25)
(1),(2)
  
(BB-, B2)
  
 
06/01/31
 
  
 
4.500
 
  
 
748,650
 
 
510
 
 
Novelis Corp., Rule 144A, Company Guaranteed Notes
(Callable 07/30/25 @ 102.38)
(1)
  
(BB, B1)
  
 
01/30/30
 
  
 
4.750
 
  
 
489,042
 
 
740
 
 
Novelis, Corp., Rule 144A, Company Guaranteed Notes
(Callable 01/30/27 @ 103.44)
(1)
  
(BB, B1)
  
 
01/30/30
 
  
 
6.875
 
  
 
766,748
 
             
 
 
 
             
 
7,533,743
 
             
 
 
 
Oil Refining & Marketing
(2.0%)
 
 
1,166
 
 
Global Partners LP/GLP Finance Corp., Rule 144A, Company Guaranteed Notes
(Callable 01/15/27 @ 104.13)
(1)
  
(B+, B1)
  
 
01/15/32
 
  
 
8.250
 
  
 
1,226,907
 
 
600
 
 
Sunoco LP, Rule 144A, Company Guaranteed Notes (Callable 05/01/27 @ 103.63)
(1)
  
(BB+, Ba1)
  
 
05/01/32
 
  
 
7.250
 
  
 
630,495
 
 
750
 
 
Sunoco LP/Sunoco Finance Corp., Rule 144A, Company Guaranteed Notes
(Callable 09/15/25 @ 103.50)
(1)
  
(BB+, Ba1)
  
 
09/15/28
 
  
 
7.000
 
  
 
774,189
 
 
See Accompanying Notes to Financial Statements.
 
10

Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments (continued)
June 30, 2025 (unaudited)
 
 
Par
(000)
        
Ratings†
(S&P/Moody's)
  
Maturity
    
Rate%
    
Value
 
CORPORATE BONDS
(continued)
 
Oil Refining & Marketing
(continued)
 
$
540
 
 
TransMontaigne Partners LLC, Rule 144A, Company Guaranteed Notes
(Callable 03/15/27 @ 104.25)
(1)
  
(CCC+, Caa1)
  
 
06/15/30
 
  
 
8.500
 
  
$
562,202
 
             
 
 
 
             
 
3,193,793
 
             
 
 
 
Packaging
(5.3%)
 
 
460
 
 
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC, Rule 144A, Senior Unsecured Notes (Callable 07/30/25 @ 100.75)
(1),(5)
  
(CCC, Caa2)
  
 
09/01/29
 
  
 
3.000
 
  
 
485,476
 
 
400
 
 
Ball Corp., Global Company Guaranteed Notes (Callable 07/15/25 @ 103.44)
  
(BB+, Ba1)
  
 
03/15/28
 
  
 
6.875
 
  
 
409,575
 
 
524
 
 
Cascades, Inc./Cascades USA, Inc., Rule 144A, Senior Unsecured Notes
(Callable 07/15/27 @ 103.38)
(1)
  
(BB-, Ba3)
  
 
07/15/30
 
  
 
6.750
 
  
 
527,699
 
 
159
 
 
Crown Americas LLC, Rule 144A, Company Guaranteed Notes
(Callable 06/01/28 @ 102.94)
(1)
  
(BB+, Ba2)
  
 
06/01/33
 
  
 
5.875
 
  
 
160,150
 
 
400
 
 
Intelligent Packaging Ltd. Finco, Inc./Intelligent Packaging Ltd. Co-Issuer LLC, Rule 144A, Senior Secured Notes (Callable 07/01/25 @ 100.00)
(1)
  
(B-, B2)
  
 
09/15/28
 
  
 
6.000
 
  
 
400,000
 
 
1,010
 
 
Mauser Packaging Solutions Holding Co., Rule 144A, Secured Notes
(Callable 07/10/25 @ 102.31)
(1)
  
(CCC+, Caa2)
  
 
04/15/27
 
  
 
9.250
 
  
 
1,003,661
 
 
1,700
 
 
Mauser Packaging Solutions Holding Co., Rule 144A, Senior Secured Notes (Callable 07/30/25 @ 103.94)
(1)
  
(B, B2)
  
 
04/15/27
 
  
 
7.875
 
  
 
1,730,296
 
 
279
 
 
Owens-Brockway Glass Container, Inc., Rule 144A, Company Guaranteed Notes (Callable 05/15/26 @ 103.63)
(1)
  
(B+, B2)
  
 
05/15/31
 
  
 
7.250
 
  
 
286,255
 
 
544
 
 
Toucan FinCo Ltd./Toucan FinCo Can, Inc./Toucan FinCo U.S. LLC, Rule 144A, Senior Secured Notes
(Callable 05/15/27 @ 104.75)
(1)
  
(B-, B3)
  
 
05/15/30
 
  
 
9.500
 
  
 
556,920
 
 
1,718
 
 
Trident TPI Holdings, Inc., Rule 144A, Company Guaranteed Notes
(Callable 12/31/25 @ 106.38)
(1)
  
(CCC+, Caa3)
  
 
12/31/28
 
  
 
12.750
 
  
 
1,824,528
 
 
768
 
 
TriMas Corp., Rule 144A, Company Guaranteed Notes
(Callable 07/30/25 @ 101.03)
(1)
  
(BB-, Ba3)
  
 
04/15/29
 
  
 
4.125
 
  
 
729,729
 
 
318
 
 
Veritiv Operating Co., Rule 144A, Senior Secured Notes
(Callable 11/30/26 @ 105.25)
(1)
  
(B+, B2)
  
 
11/30/30
 
  
 
10.500
 
  
 
344,774
 
             
 
 
 
             
 
8,459,063
 
             
 
 
 
 
Personal & Household Products
(0.7%)
           
 
400
 
 
Acushnet Co., Rule 144A, Company Guaranteed Notes
(Callable 10/15/25 @ 103.69)
(1)
  
(BB, Ba3)
  
 
10/15/28
 
  
 
7.375
 
  
 
417,431
 
 
700
 
 
Amer Sports Co., Rule 144A, Senior Secured Notes (Callable 02/16/27 @ 103.38)
(1)
  
(BBB-, Ba3)
  
 
02/16/31
 
  
 
6.750
 
  
 
729,256
 
             
 
 
 
             
 
1,146,687
 
             
 
 
 
 
Pharmaceuticals
(0.3%)
           
 
400
 
 
IQVIA, Inc., Rule 144A, Company Guaranteed Notes (Callable 06/01/28 @ 103.13)
(1)
  
(BB, Ba2)
  
 
06/01/32
 
  
 
6.250
 
  
 
411,164
 
             
 
 
 
Property & Casualty Insurance
(1.2%)
 
 
1,850
 
 
Ardonagh Finco Ltd., Rule 144A, Senior Secured Notes
(Callable 02/15/27 @ 103.88)
(1)
  
(B-, B3)
  
 
02/15/31
 
  
 
7.750
 
  
 
1,935,500
 
             
 
 
 
Rail
(0.6%)
 
 
936
 
 
Genesee & Wyoming, Inc., Rule 144A, Senior Secured Notes
(Callable 04/15/27 @ 103.13)
(1)
  
(BB, Ba3)
  
 
04/15/32
 
  
 
6.250
 
  
 
956,217
 
             
 
 
 
 
See Accompanying Notes to Financial Statements.
 
11

Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments (continued)
June 30, 2025 (unaudited)
 
 
Par
(000)
        
Ratings†
(S&P/Moody's)
  
Maturity
    
Rate%
    
Value
 
CORPORATE BONDS
(continued)
 
 
Real Estate Investment Trusts
(0.7%)
 
$
1,093
 
 
Starwood Property Trust, Inc., Rule 144A, Senior Unsecured Notes
(Callable 10/15/29 @ 100.00)
(1)
  
(BB-, Ba3)
  
 
04/15/30
 
  
 
6.000
 
  
$
1,105,483
 
             
 
 
 
Recreation & Travel
(4.3%)
 
 
1,200
 
 
Boyne USA, Inc., Rule 144A, Senior Unsecured Notes
(Callable 07/30/25 @ 101.19)
(1)
  
(B, B1)
  
 
05/15/29
 
  
 
4.750
 
  
 
1,165,891
 
 
514
 
 
SeaWorld Parks & Entertainment, Inc., Rule 144A, Company Guaranteed Notes
(Callable 07/10/25 @ 102.63)
(1),(2)
  
(B+, B2)
  
 
08/15/29
 
  
 
5.250
 
  
 
502,619
 
 
2,082
 
 
Six Flags Entertainment Corp., Rule 144A, Company Guaranteed Notes
(Callable 05/15/26 @ 103.63)
(1),(2)
  
(BB-, B1)
  
 
05/15/31
 
  
 
7.250
 
  
 
2,143,051
 
 
1,815
 
 
Speedway Motorsports LLC/Speedway Funding II, Inc., Rule 144A, Senior Unsecured Notes
(Callable 07/30/25 @ 100.00)
(1)
  
(BB+, B1)
  
 
11/01/27
 
  
 
4.875
 
  
 
1,802,523
 
 
1,318
 
 
Vail Resorts, Inc., Rule 144A, Company Guaranteed Notes
(Callable 05/15/27 @ 103.25)
(1),(2)
  
(BB-, Ba3)
  
 
05/15/32
 
  
 
6.500
 
  
 
1,362,442
 
             
 
 
 
             
 
6,976,526
 
             
 
 
 
Restaurants
(1.4%)
 
 
400
 
 
1011778 BC ULC/New Red Finance, Inc., Rule 144A, Senior Secured Notes
(Callable 06/15/26 @ 103.06)
(1)
  
(BB+, Ba2)
  
 
06/15/29
 
  
 
6.125
 
  
 
410,603
 
 
1,673
 
 
Raising Cane's Restaurants LLC, Rule 144A, Senior Unsecured Notes
(Callable 11/01/25 @ 104.69)
(1)
  
(B, B3)
  
 
05/01/29
 
  
 
9.375
 
  
 
1,767,580
 
             
 
 
 
             
 
2,178,183
 
             
 
 
 
Software - Services
(7.7%)
 
 
1,400
 
 
CA Magnum Holdings, Rule 144A, Senior Secured Notes
(Callable 07/30/25 @ 101.34)
(1)
  
(NR, B1)
  
 
10/31/26
 
  
 
5.375
 
  
 
1,393,225
 
 
1,296
 
 
Cloud Software Group, Inc., Rule 144A, Secured Notes
(Callable 09/30/25 @ 104.50)
(1)
  
(B-, Caa2)
  
 
09/30/29
 
  
 
9.000
 
  
 
1,343,083
 
 
362
 
 
CommScope LLC, Rule 144A, Senior Secured Notes
(Callable 06/15/26 @ 103.00)
(1)
  
(B-, B3)
  
 
12/15/31
 
  
 
9.500
 
  
 
379,395
 
 
2,150
 
 
Insight Enterprises, Inc., Rule 144A, Company Guaranteed Notes
(Callable 05/15/27 @ 103.31)
(1)
  
(BB+, Ba3)
  
 
05/15/32
 
  
 
6.625
 
  
 
2,216,760
 
 
135
 
 
Open Text Corp., Rule 144A, Company Guaranteed Notes
(Callable 07/30/25 @ 101.94)
(1)
  
(BB, Ba3)
  
 
12/01/29
 
  
 
3.875
 
  
 
127,298
 
 
800
 
 
Open Text Corp., Rule 144A, Senior Secured Notes (Callable 11/01/27 @ 100.00)
(1)
  
(BBB-, Ba1)
  
 
12/01/27
 
  
 
6.900
 
  
 
828,836
 
 
825
 
 
Open Text Holdings, Inc., Rule 144A, Company Guaranteed Notes
(Callable 12/01/26 @ 102.06)
(1)
  
(BB, Ba3)
  
 
12/01/31
 
  
 
4.125
 
  
 
760,372
 
 
800
 
 
UKG, Inc., Rule 144A, Senior Secured Notes (Callable 02/01/27 @ 103.44)
(1)
  
(B-, B2)
  
 
02/01/31
 
  
 
6.875
 
  
 
830,558
 
 
2,070
 
 
Virtusa Corp., Rule 144A, Senior Unsecured Notes (Callable 07/30/25 @ 101.78)
(1)
  
(B-, Caa1)
  
 
12/15/28
 
  
 
7.125
 
  
 
1,990,466
 
 
546
 
 
VT Topco, Inc., Rule 144A, Senior Secured Notes (Callable 08/15/26 @ 104.25)
(1)
  
(B, B2)
  
 
08/15/30
 
  
 
8.500
 
  
 
576,088
 
 
1,516
 
 
WEX, Inc., Rule 144A, Company Guaranteed Notes (Callable 03/15/28 @ 103.25)
(1)
  
(B, B1)
  
 
03/15/33
 
  
 
6.500
 
  
 
1,530,023
 
 
400
 
 
ZoomInfo Technologies LLC/ZoomInfo Finance Corp., Rule 144A, Company Guaranteed Notes
(Callable 07/10/25 @ 100.97)
(1)
  
(B+, B1)
  
 
02/01/29
 
  
 
3.875
 
  
 
376,330
 
             
 
 
 
             
 
12,352,434
 
             
 
 
 
 
See Accompanying Notes to Financial Statements.
 
12

Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments (continued)
June 30, 2025 (unaudited)
 
 
Par
(000)
        
Ratings†
(S&P/Moody's)
  
Maturity
    
Rate%
    
Value
 
CORPORATE BONDS
(continued)
 
Specialty Retail
(3.0%)
 
$
331
 
 
Beach Acquisition Bidco LLC, Rule 144A, Senior Unsecured Notes, 10.000% Cash, 10.750% PIK (Callable 07/15/28 @ 103.00)
(1),(8)
  
(B+, Caa1)
  
 
07/15/33
 
  
 
10.000
 
  
$
343,813
 
 
1,919
 
 
Eagle Intermediate Global Holding BV/Eagle U.S. Finance LLC, Rule 144A, Senior Secured Notes, 7.500% Cash, 7.500% PIK
(1),(8),(9)
  
(NR, WR)
  
 
07/18/25
 
  
 
7.500
 
  
 
1,458,725
 
 
53
 
 
Eagle Intermediate Global Holding BV/Eagle U.S. Finance LLC, Rule 144A, Senior Secured Notes, 7.500% Cash, 7.500% PIK
(1),(6),(7),(8)
  
(NR, WR)
  
 
07/18/25
 
  
 
7.500
 
  
 
39,983
 
 
68
 
 
Eagle Intermediate Global Holding BV/Ruyi U.S. Finance LLC
(4),(6),(7)
  
(NR, NR)
  
 
06/30/25
 
  
 
0.000
 
  
 
52,250
 
 
600
 
 
Group 1 Automotive, Inc., Rule 144A, Company Guaranteed Notes
(Callable 07/30/25 @ 101.33)
(1)
  
(BB+, Ba2)
  
 
08/15/28
 
  
 
4.000
 
  
 
579,538
 
 
1,550
 
 
LCM Investments Holdings II LLC, Rule 144A, Senior Unsecured Notes
(Callable 08/01/26 @ 104.13)
(1)
  
(BB-, B2)
  
 
08/01/31
 
  
 
8.250
 
  
 
1,649,311
 
 
763
 
 
Sonic Automotive, Inc., Rule 144A, Company Guaranteed Notes
(Callable 11/15/26 @ 102.44)
(1)
  
(BB-, B1)
  
 
11/15/31
 
  
 
4.875
 
  
 
725,597
 
             
 
 
 
             
 
4,849,217
 
             
 
 
 
Steel Producers/Products
(0.5%)
 
 
794
 
 
TMS International Corp., Rule 144A, Senior Unsecured Notes
(Callable 07/10/25 @ 101.56)
(1)
  
(B, Caa1)
  
 
04/15/29
 
  
 
6.250
 
  
 
754,599
 
             
 
 
 
Support - Services
(5.9%)
 
 
715
 
 
American Builders & Contractors Supply Co., Inc., Rule 144A, Senior Secured Notes
(Callable 07/30/25 @ 100.00)
(1)
  
(BBB-, Ba2)
  
 
01/15/28
 
  
 
4.000
 
  
 
700,057
 
 
1,000
 
 
Belron U.K. Finance PLC, Rule 144A, Senior Secured Notes
(Callable 10/15/26 @ 102.88)
(1)
  
(BB-, Ba3)
  
 
10/15/29
 
  
 
5.750
 
  
 
1,008,537
 
 
1,000
 
 
CoreLogic, Inc., Rule 144A, Senior Secured Notes (Callable 07/30/25 @ 101.13)
(1)
  
(B-, B2)
  
 
05/01/28
 
  
 
4.500
 
  
 
956,016
 
 
1,674
 
 
GYP Holdings III Corp., Rule 144A, Company Guaranteed Notes
(Callable 07/30/25 @ 101.16)
(1)
  
(B, Ba2)
  
 
05/01/29
 
  
 
4.625
 
  
 
1,680,028
 
 
210
 
 
Herc Holdings, Inc., Rule 144A, Company Guaranteed Notes
(Callable 06/15/28 @ 103.63)
(1)
  
(BB-, Ba3)
  
 
06/15/33
 
  
 
7.250
 
  
 
220,159
 
 
345
 
 
Herc Holdings, Inc., Rule 144A, Senior Unsecured Notes
(Callable 06/15/27 @ 103.50)
(1)
  
(BB-, Ba3)
  
 
06/15/30
 
  
 
7.000
 
  
 
360,377
 
 
712
 
 
Voyager Parent LLC, Rule 144A, Senior Secured Notes
(Callable 07/01/28 @ 104.63)
(1)
  
(B, B1)
  
 
07/01/32
 
  
 
9.250
 
  
 
740,802
 
 
500
 
 
WESCO Distribution, Inc., Rule 144A, Company Guaranteed Notes
(Callable 07/30/25 @ 101.21)
(1)
  
(BB, Ba3)
  
 
06/15/28
 
  
 
7.250
 
  
 
506,644
 
 
400
 
 
WESCO Distribution, Inc., Rule 144A, Company Guaranteed Notes
(Callable 03/15/26 @ 103.19)
(1)
  
(BB, Ba3)
  
 
03/15/29
 
  
 
6.375
 
  
 
412,068
 
 
330
 
 
WESCO Distribution, Inc., Rule 144A, Company Guaranteed Notes
(Callable 03/15/28 @ 103.19)
(1)
  
(BB, Ba3)
  
 
03/15/33
 
  
 
6.375
 
  
 
341,432
 
 
406
 
 
Williams Scotsman, Inc., Rule 144A, Senior Secured Notes
(Callable 04/15/27 @ 103.31)
(1)
  
(BB-, B2)
  
 
04/15/30
 
  
 
6.625
 
  
 
422,058
 
 
1,372
 
 
Williams Scotsman, Inc., Rule 144A, Senior Secured Notes
(Callable 06/15/26 @ 103.31)
(1)
  
(BB-, B2)
  
 
06/15/29
 
  
 
6.625
 
  
 
1,409,281
 
 
900
 
 
ZipRecruiter, Inc., Rule 144A, Senior Unsecured Notes
(Callable 07/10/25 @ 102.50)
(1)
  
(B, B2)
  
 
01/15/30
 
  
 
5.000
 
  
 
765,368
 
             
 
 
 
             
 
9,522,827
 
             
 
 
 
 
See Accompanying Notes to Financial Statements.
 
13

Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments (continued)
June 30, 2025 (unaudited)
 
 
Par
(000)
        
Ratings†
(S&P/Moody's)
  
Maturity
    
Rate%
    
Value
 
CORPORATE BONDS
(continued)
 
Tech Hardware & Equipment
(0.7%)
 
$
1,150
 
 
Zebra Technologies Corp., Rule 144A, Company Guaranteed Notes
(Callable 06/01/27 @ 103.25)
(1)
  
(BB, Ba2)
  
 
06/01/32
 
  
 
6.500
 
  
$
1,183,303
 
             
 
 
 
Telecom - Wireline Integrated & Services
(2.6%)
 
 
1,000
 
 
Altice Financing SA, Rule 144A, Senior Secured Notes
(Callable 07/30/25 @ 100.00)
(1)
  
(CCC+, Caa2)
  
 
01/15/28
 
  
 
5.000
 
  
 
753,977
 
 
1,000
 
 
Level 3 Financing, Inc., Rule 144A, Secured Notes (Callable 03/22/26 @ 102.13)
(1)
  
(B-, B3)
  
 
04/01/30
 
  
 
4.500
 
  
 
910,000
 
 
1,105
 
 
Level 3 Financing, Inc., Rule 144A, Secured Notes (Callable 07/10/25 @ 101.81)
(1)
  
(B-, B3)
  
 
10/15/30
 
  
 
3.875
 
  
 
964,113
 
 
105
 
 
Level 3 Financing, Inc., Rule 144A, Secured Notes (Callable 07/10/25 @ 101.88)
(1)
  
(B-, B3)
  
 
04/15/31
 
  
 
4.000
 
  
 
90,300
 
 
200
 
 
Virgin Media Secured Finance PLC, Rule 144A, Senior Secured Notes
(Callable 08/15/25 @ 102.25)
(1)
  
(B+, Ba3)
  
 
08/15/30
 
  
 
4.500
 
  
 
186,542
 
 
826
 
 
Vmed O2 U.K. Financing I PLC, Rule 144A, Senior Secured Notes
(Callable 01/31/26 @ 102.13)
(1)
  
(B+, Ba3)
  
 
01/31/31
 
  
 
4.250
 
  
 
757,264
 
 
550
 
 
Vmed O2 U.K. Financing I PLC, Rule 144A, Senior Secured Notes
(Callable 07/15/26 @ 102.38)
(1)
  
(B+, Ba3)
  
 
07/15/31
 
  
 
4.750
 
  
 
509,166
 
             
 
 
 
             
 
4,171,362
 
             
 
 
 
Theaters & Entertainment
(0.4%)
 
 
600
 
 
Live Nation Entertainment, Inc., Rule 144A, Senior Secured Notes
(Callable 07/30/25 @ 101.63)
(1)
  
(BB, Ba1)
  
 
05/15/27
 
  
 
6.500
 
  
 
609,223
 
             
 
 
 
Transport Infrastructure/Services
(0.8%)
 
 
200
 
 
XPO, Inc., Rule 144A, Company Guaranteed Notes (Callable 06/01/26 @ 103.56)
(1)
  
(BB-, Ba3)
  
 
06/01/31
 
  
 
7.125
 
  
 
209,818
 
 
400
 
 
XPO, Inc., Rule 144A, Company Guaranteed Notes (Callable 02/01/27 @ 103.56)
(1)
  
(BB-, Ba3)
  
 
02/01/32
 
  
 
7.125
 
  
 
419,200
 
 
694
 
 
XPO, Inc., Rule 144A, Senior Secured Notes (Callable 07/10/25 @ 103.13)
(1)
  
(BBB-, Ba1)
  
 
06/01/28
 
  
 
6.250
 
  
 
705,525
 
             
 
 
 
             
 
1,334,543
 
             
 
 
 
 
TOTAL CORPORATE BONDS
(Cost $170,842,648)
 
     
 
173,018,975
 
             
 
 
 
BANK LOANS
(21.6%)
 
 
Advertising
(1.1%)
 
 
1,987
 
 
MH Sub I LLC, 1 mo. USD Term SOFR + 4.250%
(10)
  
(B, B1)
  
 
12/31/31
 
  
 
8.577
 
  
 
1,732,101
 
             
 
 
 
Aerospace & Defense
(0.2%)
 
 
581
 
 
Peraton Corp., 3 mo. USD Term SOFR + 7.750%
(10)
  
(NR, NR)
  
 
02/01/29
 
  
 
12.180
 
  
 
414,006
 
             
 
 
 
Auto Parts & Equipment
(0.9%)
 
 
166
 
 
First Brands Group LLC, 3 mo. USD Term SOFR + 5.262%
(7),(10)
  
(NR, NR)
  
 
03/30/27
 
  
 
9.580
 
  
 
156,235
 
 
186
 
 
First Brands Group LLC (2021 Term Loan), 3 mo. USD Term SOFR + 5.000%
(10)
  
(B+, B1)
  
 
03/30/27
 
  
 
9.541
 
  
 
176,346
 
 
862
 
 
First Brands Group LLC (2022 Incremental Term Loan),
3 mo. USD Term SOFR + 5.000%
(10)
  
(B+, B1)
  
 
03/30/27
 
  
 
9.541
 
  
 
815,835
 
 
327
 
 
Jason Group, Inc., 1 mo. USD Term SOFR + 6.000%
(7),(9),(10)
  
(NR, NR)
  
 
11/28/26
 
  
 
10.441
 
  
 
290,603
 
             
 
 
 
             
 
1,439,019
 
             
 
 
 
 
See Accompanying Notes to Financial Statements.
 
14

Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments (continued)
June 30, 2025 (unaudited)
 
 
Par
(000)
        
Ratings†
(S&P/Moody's)
  
Maturity
    
Rate%
    
Value
 
BANK LOANS
(continued)
 
Automakers
(0.1%)
 
$
231
 
 
Fastlane Parent Co., Inc.
(10),(11)
  
(CCC, WR)
  
 
02/04/27
 
  
 
0.000
 
  
$
207,285
 
             
 
 
 
Building Materials
(0.6%)
 
 
416
 
 
ARAMSCO, Inc., 3 mo. USD Term SOFR + 4.750%
(7),(10)
  
(B-, Caa1)
  
 
10/10/30
 
  
 
9.046
 
  
 
337,103
 
 
521
 
 
Cornerstone Building Brands, Inc., 1 mo. USD Term SOFR + 5.625%
(10)
  
(B-, B3)
  
 
08/01/28
 
  
 
9.937
 
  
 
470,744
 
 
177
 
 
Foundation Building Materials Holding Co. LLC, 3 mo. USD Term SOFR + 3.250%
(10)
  
(B, B3)
  
 
01/31/28
 
  
 
7.791
 
  
 
175,764
 
             
 
 
 
             
 
983,611
 
             
 
 
 
Chemicals
(1.2%)
 
 
331
 
 
Ascend Performance Materials Operations LLC, 1 mo. USD Term SOFR + 1.614%, 1 mo. USD Term SOFR + 10.000%
(9),(10)
  
(NR, NR)
  
 
10/23/25
 
  
 
5.910 - 14.441
 
  
 
308,272
 
 
697
 
 
Ascend Performance Materials Operations LLC
(3),(4)
  
(NR, WR)
  
 
08/27/26
 
  
 
0.000
 
  
 
40,595
 
 
703
 
 
CPC Acquisition Corp., 3 mo. USD Term SOFR + 3.750%
(10)
  
(CCC, Caa2)
  
 
12/29/27
 
  
 
8.307
 
  
 
616,832
 
 
301
 
 
PMHC II, Inc., 1 mo. USD Term SOFR + 5.500%
(7),(10)
  
(B-, B3)
  
 
04/21/29
 
  
 
9.812
 
  
 
278,335
 
 
714
 
 
Polar U.S. Borrower LLC, 3 mo. USD Term SOFR + 5.500%
(10)
  
(CCC+, Caa1)
  
 
10/16/28
 
  
 
9.883
 
  
 
277,103
 
 
1,175
 
 
Polar U.S. Borrower LLC, 3 mo. USD Term SOFR + 4.750%, 0.075% PIK
(8),(9),(10)
  
(CCC+, Caa1)
  
 
10/16/28
 
  
 
9.883
 
  
 
456,229
 
 
72
 
 
SK Neptune Husky Finance SARL
(3),(4),(9)
  
(NR, WR)
  
 
04/30/26
 
  
 
0.000
 
  
 
16,649
 
 
745
 
 
SK Neptune Husky Group SARL
(3),(4),(9)
  
(NR, WR)
  
 
01/03/29
 
  
 
0.000
 
  
 
27,473
 
             
 
 
 
             
 
2,021,488
 
             
 
 
 
Electronics
(1.3%)
 
 
872
 
 
Escape Velocity Holdings, Inc., 3 mo. USD Term SOFR + 4.250%
(10)
  
(B, B3)
  
 
10/08/28
 
  
 
8.807
 
  
 
872,002
 
 
1,194
 
 
Idemia Group, 3 mo. USD Term SOFR + 4.250%
(7),(10)
  
(B, B2)
  
 
09/30/28
 
  
 
8.546
 
  
 
1,198,689
 
             
 
 
 
             
 
2,070,691
 
             
 
 
 
Food - Wholesale
(0.1%)
 
 
300
 
 
WOOF Holdings, Inc., 3 mo. USD Term SOFR + 3.750%
(10)
  
(NR, NR)
  
 
12/31/29
 
  
 
8.083
 
  
 
168,750
 
             
 
 
 
Gas Distribution
(0.6%)
 
 
946
 
 
Traverse Midstream Partners LLC, 3 mo. USD Term SOFR + 3.000%
(10)
  
(B+, B2)
  
 
02/16/28
 
  
 
7.280
 
  
 
950,407
 
             
 
 
 
Health Facilities
(0.4%)
 
 
290
 
 
Carestream Health, Inc., 3 mo. USD Term SOFR + 7.500%
(9),(10)
  
(CCC+, Caa1)
  
 
09/30/27
 
  
 
11.896
 
  
 
130,102
 
 
210
 
 
Sonrava Health Holdings LLC, 3 mo. USD Term SOFR + 6.500%
(9),(10)
  
(B-, B3)
  
 
05/18/28
 
  
 
11.061
 
  
 
206,562
 
 
854
 
 
Sonrava Health Holdings LLC, 3 mo. USD Term SOFR + 1.000%, 5.500% PIK
(8),(9),(10)
  
(NR, Caa3)
  
 
08/18/28
 
  
 
11.080
 
  
 
317,474
 
             
 
 
 
             
 
654,138
 
             
 
 
 
Health Services
(0.8%)
 
 
57
 
 
MedAssets Software Intermediate Holdings, Inc., 1 mo. USD Term SOFR + 4.000%
(10)
  
(B, Caa1)
  
 
12/15/28
 
  
 
8.321
 
  
 
55,607
 
 
397
 
 
MedAssets Software Intermediate Holdings, Inc., 1 mo. USD Term SOFR + 4.000%
(10)
  
(CCC, Ca)
  
 
12/15/28
 
  
 
8.436
 
  
 
359,340
 
 
See Accompanying Notes to Financial Statements.
 
15

Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments (continued)
June 30, 2025 (unaudited)
 
 
Par
(000)
        
Ratings†
(S&P/Moody's)
  
Maturity
    
Rate%
    
Value
 
BANK LOANS
(continued)
 
Health Services
(continued)
 
$
25
 
 
MedAssets Software Intermediate Holdings, Inc., 1 mo. USD Term SOFR + 5.250%
(7),(10)
  
(B, Caa1)
  
 
12/15/28
 
  
 
9.571
 
  
$
24,990
 
 
788
 
 
U.S. Radiology Specialists, Inc., 3 mo. USD Term SOFR + 4.750%
(10)
  
(B-, B3)
  
 
12/15/27
 
  
 
9.046
 
  
 
790,563
 
             
 
 
 
             
 
1,230,500
 
             
 
 
 
Hotels
(0.2%)
 
 
127
 
 
Aimbridge Acquisition Co., Inc., 1 mo. USD Term SOFR + 7.500%
(10)
  
(B-, Caa1)
  
 
03/11/30
 
  
 
11.929
 
  
 
125,656
 
 
144
 
 
Aimbridge Acquisition Co., Inc., 1 mo. USD Term SOFR + 5.500%
(10)
  
(B+, B2)
  
 
03/11/30
 
  
 
9.929
 
  
 
143,865
 
             
 
 
 
             
 
269,521
 
             
 
 
 
Insurance Brokerage
(0.7%)
 
 
1,075
 
 
Alera Group, Inc., 1 mo. USD Term SOFR + 5.500%
(10)
  
(CCC+, Caa2)
  
 
05/30/33
 
  
 
9.827
 
  
 
1,097,677
 
             
 
 
 
Machinery
(0.2%)
 
 
412
 
 
Madison IAQ LLC, 3 mo. USD Term SOFR + 3.250%
(10)
  
(B, B1)
  
 
05/06/32
 
  
 
7.557
 
  
 
413,350
 
             
 
 
 
Media - Diversified
(0.9%)
 
 
794
 
 
Cast & Crew Payroll LLC, 1 mo. USD Term SOFR + 3.750%
(10)
  
(B-, B3)
  
 
12/29/28
 
  
 
8.077
 
  
 
752,367
 
 
216
 
 
Technicolor Creative Studios, 0.500% PIK
(3),(5),(6),(7),(8)
  
(NR, NR)
  
 
08/06/33
 
  
 
0.500
 
  
 
0
 
 
669
 
 
Twitter, Inc.
  
(NR, NR)
  
 
10/26/29
 
  
 
9.500
 
  
 
651,875
 
             
 
 
 
             
 
1,404,242
 
             
 
 
 
Packaging
(1.0%)
 
 
1,539
 
 
Proampac PG Borrower LLC, 3 mo. USD Term SOFR + 4.000%
(10)
  
(B-, B3)
  
 
09/15/28
 
  
 
8.256 - 8.324
 
  
 
1,546,399
 
             
 
 
 
Personal & Household Products
(0.8%)
 
 
1,271
 
 
Serta Simmons Bedding LLC, 3 mo. USD Term SOFR + 7.500%
(10)
  
(NR, NR)
  
 
06/29/28
 
  
 
11.910
 
  
 
1,166,353
 
 
139
 
 
Serta Simmons Bedding LLC, 3 mo. USD Term SOFR + 7.500%
(7),(10)
  
(NR, NR)
  
 
06/29/28
 
  
 
11.884
 
  
 
138,315
 
             
 
 
 
             
 
1,304,668
 
             
 
 
 
Software - Services
(6.9%)
 
 
553
 
 
AQ Carver Buyer, Inc., 6 mo. USD Term SOFR + 5.500%
(10)
  
(B, B3)
  
 
08/02/29
 
  
 
9.817
 
  
 
548,245
 
 
1,960
 
 
Aston FinCo SARL, 1 mo. USD Term SOFR + 4.250%
(10)
  
(CCC+, B3)
  
 
10/09/26
 
  
 
8.691
 
  
 
1,891,010
 
 
282
 
 
Astra Acquisition Corp.
(3),(4),(9)
  
(CCC+, Caa2)
  
 
02/25/28
 
  
 
0.000
 
  
 
80,155
 
 
834
 
 
Astra Acquisition Corp.
(3),(4),(9)
  
(CC, C)
  
 
10/25/28
 
  
 
0.000
 
  
 
18,768
 
 
569
 
 
Cloud Software Group, Inc., 3 mo. USD Term SOFR + 3.500%
(10)
  
(B, B2)
  
 
03/29/29
 
  
 
7.796
 
  
 
570,162
 
 
600
 
 
CommerceHub, Inc., 3 mo. USD Term SOFR + 7.000%
(9),(10)
  
(CCC, Caa3)
  
 
12/29/28
 
  
 
11.411
 
  
 
583,500
 
 
127
 
 
CommScope, Inc.
(10),(11)
  
(B-, B3)
  
 
12/17/29
 
  
 
0.000
 
  
 
128,262
 
 
199
 
 
DCert Buyer, Inc., 1 mo. USD Term SOFR + 4.000%
(10)
  
(B-, B2)
  
 
10/16/26
 
  
 
8.327
 
  
 
197,280
 
 
1,188
 
 
EagleView Technology Corp., 3 mo. USD Term SOFR + 5.500%
(10)
  
(B-, B3)
  
 
08/14/28
 
  
 
8.802
 
  
 
1,159,063
 
 
908
 
 
IQN Holding Corp., 3 mo. USD Term SOFR + 3.000%
(10)
  
(B-, B2)
  
 
07/16/31
 
  
 
7.296
 
  
 
910,959
 
 
332
 
 
Javelin Buyer, Inc., 3 mo. USD Term SOFR + 5.250%
(7),(9),(10)
  
(CCC+, Caa2)
  
 
12/06/32
 
  
 
9.583
 
  
 
328,010
 
 
1,858
 
 
OID-OL Intermediate I LLC, 3 mo. USD Term SOFR + 4.250%
(10)
  
(NR, Caa1)
  
 
02/01/29
 
  
 
8.733
 
  
 
1,559,148
 
 
471
 
 
OID-OL Intermediate I LLC, 3 mo. USD Term SOFR + 6.000%
(10)
  
(NR, B1)
  
 
02/01/29
 
  
 
10.318
 
  
 
486,126
 
 
374
 
 
Polaris Newco LLC, 1 mo. GBP SONIA + 5.000%
(10),(12)
  
(CCC+, B3)
  
 
06/02/28
 
  
 
9.217
 
  
 
483,530
 
 
1,582
 
 
RealPage, Inc., 3 mo. USD Term SOFR + 3.000%
(10)
  
(B-, B3)
  
 
04/24/28
 
  
 
7.557
 
  
 
1,572,512
 
 
See Accompanying Notes to Financial Statements.
 
16

Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments (continued)
June 30, 2025 (unaudited)
 
 
Par
(000)
        
Ratings†
(S&P/Moody's)
  
Maturity
    
Rate%
    
Value
 
BANK LOANS
(continued)
 
Software - Services
(continued)
 
$
514
 
 
Redstone Holdco 2 LP, 3 mo. USD Term SOFR + 4.750%
(10)
  
(CCC+, B3)
  
 
04/27/28
 
  
 
9.291
 
  
$
280,988
 
 
396
 
 
UKG, Inc., 1 mo. USD Term SOFR + 3.000%
(10)
  
(B-, B2)
  
 
02/10/31
 
  
 
7.311
 
  
 
397,942
 
             
 
 
 
             
 
11,195,660
 
             
 
 
 
Steel Producers/Products
(0.6%)
 
 
1,006
 
 
OPTA, Inc., 3 mo. USD Term SOFR + 6.750%
(7),(9),(10)
  
(NR, NR)
  
 
11/09/28
 
  
 
11.291
 
  
 
990,956
 
             
 
 
 
Support - Services
(2.1%)
 
 
219
 
 
CoreLogic, Inc.
(10),(11)
  
(CCC, Caa2)
  
 
06/04/29
 
  
 
0.000
 
  
 
213,904
 
 
1,291
 
 
CoreLogic, Inc., 1 mo. USD Term SOFR + 3.500%
(10)
  
(B-, B2)
  
 
06/02/28
 
  
 
7.941
 
  
 
1,279,230
 
 
346
 
 
LaserShip, Inc., 3 mo. USD Term SOFR + 4.000%
(10)
  
(CCC-, Caa2)
  
 
01/02/29
 
  
 
8.296
 
  
 
208,967
 
 
313
 
 
LaserShip, Inc., 3 mo. USD Term SOFR + 6.250%
(10)
  
(B, B2)
  
 
01/02/29
 
  
 
10.546
 
  
 
310,711
 
 
785
 
 
LaserShip, Inc., 3 mo. USD Term SOFR + 1.500%
(10)
  
(CCC, Caa2)
  
 
08/10/29
 
  
 
5.796
 
  
 
460,748
 
 
261
 
 
LaserShip, Inc., 3 mo. USD Term SOFR + 1.500%
(10)
  
(CCC-, Caa3)
  
 
08/10/29
 
  
 
6.057
 
  
 
80,420
 
 
539
 
 
PODS LLC, 3 mo. USD Term SOFR + 3.000%
(10)
  
(B-, B3)
  
 
03/31/28
 
  
 
7.541
 
  
 
519,059
 
 
400
 
 
TruGreen LP, 3 mo. USD Term SOFR + 8.500%
(9),(10)
  
(CCC, Caa3)
  
 
11/02/28
 
  
 
13.041
 
  
 
320,626
 
             
 
 
 
             
 
3,393,665
 
             
 
 
 
Tech Hardware & Equipment
(0.4%)
 
 
893
 
 
Atlas CC Acquisition Corp., 3 mo. USD Term SOFR + 4.250%
(10)
  
(B-, Caa2)
  
 
05/25/28
 
  
 
8.844
 
  
 
478,490
 
 
182
 
 
Atlas CC Acquisition Corp., 3 mo. USD Term SOFR + 4.250%
(10)
  
(B-, B1)
  
 
05/25/28
 
  
 
8.844
 
  
 
97,241
 
             
 
 
 
             
 
575,731
 
             
 
 
 
Telecom - Wireline Integrated & Services
(0.5%)
 
 
973
 
 
Patagonia Holdco LLC, 3 mo. USD Term SOFR + 5.750%
(10)
  
(NR, B1)
  
 
08/01/29
 
  
 
10.048
 
  
 
796,243
 
             
 
 
 
 
TOTAL BANK LOANS
(Cost $39,043,213)
 
     
 
34,860,108
 
             
 
 
 
ASSET BACKED SECURITIES
(6.3%)
 
Collateralized Debt Obligations
(6.3%)
 
 
1,000
 
 
Anchorage Capital CLO 25 Ltd., 2022-25A, Rule 144A, 3 mo. USD Term SOFR + 7.170%
(1),(10)
  
(NR, Ba3)
  
 
04/20/35
 
  
 
11.439
 
  
 
1,004,598
 
 
780
 
 
Anchorage Capital Europe CLO 6 DAC, Rule 144A, 3 mo. EURIBOR + 5.000%
(1),(5),(10)
  
(BBB-, NR)
  
 
01/22/38
 
  
 
7.236
 
  
 
922,873
 
 
500
 
 
Anchorage Credit Funding 4 Ltd., 2016-4A, Rule 144A
(1)
  
(NR, Ba1)
  
 
04/27/39
 
  
 
6.659
 
  
 
461,068
 
 
750
 
 
Battalion CLO 18 Ltd., 2020-18A, Rule 144A, 3 mo. USD Term SOFR + 6.972%
(1),(10)
  
(B, NR)
  
 
10/15/36
 
  
 
11.228
 
  
 
670,287
 
 
1,000
 
 
Battalion CLO XV Ltd., 2020-15A, Rule 144A, 3 mo. USD Term SOFR + 6.612%
(1),(10)
  
(BB-, NR)
  
 
01/17/33
 
  
 
10.891
 
  
 
948,265
 
 
1,000
 
 
Cedar Funding VI CLO Ltd., 2016-6A, Rule 144A, 3 mo. USD Term SOFR + 6.982%
(1),(10)
  
(BB-, NR)
  
 
04/20/34
 
  
 
11.251
 
  
 
993,671
 
 
1,000
 
 
KKR CLO 14 Ltd., Rule 144A, 3 mo. USD Term SOFR + 6.412%
(1),(10)
  
(NR, B1)
  
 
07/15/31
 
  
 
10.668
 
  
 
978,647
 
 
1,000
 
 
KKR CLO 16 Ltd., Rule 144A, 3 mo. USD Term SOFR + 7.372%
(1),(10)
  
(B, NR)
  
 
10/20/34
 
  
 
11.641
 
  
 
956,013
 
 
800
 
 
KKR CLO 45a Ltd., 2024-45A, Rule 144A, 3 mo. USD Term SOFR + 7.300%
(1),(10)
  
(NR, NR)
  
 
04/15/35
 
  
 
11.556
 
  
 
803,439
 
 
1,000
 
 
Marble Point CLO XXIII Ltd., 2021-4A, Rule 144A, 3 mo. USD Term SOFR + 6.012%
(1),(10)
  
(NR, Ba1)
  
 
01/22/35
 
  
 
10.284
 
  
 
1,001,655
 
 
See Accompanying Notes to Financial Statements.
 
17

Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments (continued)
June 30, 2025 (unaudited)
 
 
Par
(000)
        
Ratings†
(S&P/Moody's)
  
Maturity
    
Rate%
    
Value
 
ASSET BACKED SECURITIES
(continued)
 
Collateralized Debt Obligations
(continued)
 
$
400
 
 
MP CLO III Ltd., 2013-1A, Rule 144A, 3 mo. USD Term SOFR + 3.312%
(1),(10)
  
(NR, A2)
  
 
10/20/30
 
  
 
7.581
 
  
$
401,598
 
 
1,000
 
 
Palmer Square Credit Funding Ltd., 2019-1A, Rule 144A
(1)
  
(NR, Aaa)
  
 
04/20/37
 
  
 
5.459
 
  
 
1,003,893
 
             
 
 
 
 
TOTAL ASSET BACKED SECURITIES
(Cost $10,165,386)
 
     
 
10,146,007
 
             
 
 
 
             
Shares
                               
COMMON STOCKS
(0.7%)
 
Auto Parts & Equipment
(0.1%)
 
 
38
 
 
Jason, Inc.
(4)
           
 
206,690
 
             
 
 
 
Chemicals
(0.2%)
 
 
46,574
 
 
Proppants Holdings LLC
(4),(6),(7),(9)
           
 
932
 
 
10,028
 
 
Utex Industries
           
 
289,137
 
             
 
 
 
             
 
290,069
 
             
 
 
 
Hotels
(0.3%)
 
             
 
7,297
 
 
Aimbridge Acquisition Co., Inc.
(4)
           
 
467,008
 
             
 
 
 
Personal & Household Products
(0.1%)
 
 
22,719
 
 
Dream Well, Inc.
(4)
           
 
184,024
 
 
22,719
 
 
Serta Simmons Bedding Equipment Co.
(4),(6),(7)
           
 
0
 
             
 
 
 
             
             
 
184,024
 
             
 
 
 
Pharmaceuticals
(0.0%)
 
             
 
45,583
 
 
Akorn, Inc.
(4)
           
 
1,367
 
             
 
 
 
Private Placement
(0.0%)
 
 
69,511,940
 
 
Technicolor Creative Studios SA
(4),(6),(7),(13)
           
 
0
 
             
 
 
 
Specialty Retail
(0.0%)
 
 
69
 
 
Eagle Investments Holding Co. LLC, Class B
(4),(6),(7)
           
 
1
 
             
 
 
 
Support - Services
(0.0%)
 
 
800
 
 
LTR Holdings, Inc.
(4),(6),(7),(9)
           
 
1,185
 
             
 
 
 
 
TOTAL COMMON STOCKS
(Cost $3,465,241)
 
     
 
1,150,344
 
             
 
 
 
WARRANT
(0.0%)
 
Chemicals
(0.0%)
 
 
11,643
 
 
Project Investor Holdings LLC, expires 02/08/2026
(4),(6),(7),(9)
(Cost $6,054)
           
 
0
 
             
 
 
 
 
See Accompanying Notes to Financial Statements.
 
18

Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments (continued)
June 30, 2025 (unaudited)
 
 
Shares
                           
Value
 
SHORT-TERM
INVESTMENTS
(12.7%)
 
 
4,884,915
 
 
State Street Institutional U.S. Government Money Market Fund - Premier Class, 4.27%
           
$
4,884,915
 
 
15,594,035
 
 
State Street Navigator Securities Lending Government Money Market Portfolio, 4.35%
(14)
           
 
15,594,035
 
             
 
 
 
 
TOTAL
SHORT-TERM
INVESTMENTS
(Cost $20,478,950)
 
     
 
20,478,950
 
             
 
 
 
 
TOTAL INVESTMENTS AT VALUE
(148.8%) (Cost $244,001,492)
 
     
 
239,654,384
 
 
LIABILITIES IN EXCESS OF OTHER ASSETS
(-48.8%)
 
     
 
(78,632,855
             
 
 
 
 
NET ASSETS
(100.0%)
 
     
$
161,021,529
 
             
 
 
 
INVESTMENT ABBREVIATIONS
1 mo. = 1 month
3 mo. = 3 month
6 mo. = 6 month
EURIBOR = Euro Interbank Offered Rate
NR = Not Rated
WR = Withdrawn Rating
SARL = société à responsabilité limitée
SOFR = Secured Overnight Financing Rate
SONIA = Sterling Overnight Interbank Average Rate
 
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.
 
(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 June 30, 2025, these securities amounted to a value of $180,228,777 or 111.9% of net assets.
 
(2)
 
Security or portion thereof is out on loan (See Note
2-K).
 
(3)
 
Bond is currently in default.
 
(4)
 
Non-income producing security.
 
(5)
 
This security is denominated in Euro.
 
(6)
 
Not readily marketable security; security is valued at fair value as determined in good faith by UBS Asset Management (Americas) LLC as the Fund's valuation designee under the oversight of the Board of Directors (See Note
2-A).
 
(7)
 
Security is valued using significant unobservable inputs.
 
(8)
 
PIK:
Payment-in-kind
security for which part of the income earned may be paid as additional principal.
 
(9)
 
Illiquid security.
 
(10)
 
Variable rate obligation - The interest rate shown is the rate in effect as of June 30, 2025. The rate may be subject to a cap and floor.
 
(11)
 
Position is unsettled. Contract rate was not determined at June 30, 2025 and does not take effect until settlement.
 
(12)
 
This security is denominated in British Pound.
 
(13)
 
Security is held through holdings of 100 shares of the CIG Special Purpose SPC - Credit Suisse Asset Management Income Fund Segregated Portfolio, an affiliated entity.
 
(14)
 
Represents security purchased with cash collateral received for securities on loan.
 
See Accompanying Notes to Financial Statements.
 
19

Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments (continued)
June 30, 2025 (unaudited)
 
 
Forward Foreign Currency Contracts
 
Forward
Currency to be
Purchased
    
Forward Currency to be
Sold
    
Settlement
Date
    
Counterparty
  
Value on
Settlement Date
    
Current
Value/Notional
    
Unrealized
Appreciation
 
EUR
     39,093      USD      44,794        10/07/25      Barclays Bank PLC    $ 44,794      $ 46,182      $ 1,388  
EUR
     201,701      USD      218,894        10/07/25      Deutsche Bank AG      218,894        238,277        19,383  
EUR
     43,210      USD      47,726        10/07/25      JPMorgan Chase      47,726        51,046        3,320  
GBP
     42,713      USD      55,873        10/07/25      Barclays Bank PLC      55,873        58,567        2,694  
GBP
     500,000      USD      664,030        10/07/25      JPMorgan Chase      664,030        685,593        21,563  
                       
 
 
 
Total Unrealized Appreciation
 
            $ 48,348  
                       
 
 
 
Forward Foreign Currency Contracts
 
Forward
Currency to be
Purchased
    
Forward Currency to be
Sold
    
Settlement
Date
    
Counterparty
  
Value on
Settlement Date
   
Current
Value/Notional
   
Unrealized
Depreciation
 
USD
     43,511      EUR      41,017        10/07/25      Barclays Bank PLC    $ (43,511   $ (48,456   $ (4,945
USD
     140,792      EUR      128,645        10/07/25      Deutsche Bank AG      (140,792     (151,974     (11,182
USD
     49,169      EUR      42,780        10/07/25      JPMorgan Chase      (49,169     (50,538     (1,369
USD
     2,126,686      EUR      1,900,141        10/07/25      Morgan Stanley      (2,126,686     (2,244,713     (118,027
USD
     23,314      GBP      18,677        10/07/25      Deutsche Bank AG      (23,314     (25,610     (2,296
USD
     10,766      GBP      8,039        10/07/25      JPMorgan Chase      (10,766     (11,024     (258
USD
     1,165,011      GBP      891,397        10/07/25      Morgan Stanley      (1,165,011     (1,222,270     (57,259
                     
 
 
 
Total Unrealized Depreciation
 
          $ (195,336
                     
 
 
 
Total Net Unrealized Appreciation/(Depreciation)
 
          $ (146,988
                     
 
 
 
Currency Abbreviations:
GBP = British Pound
USD = United States Dollar
EUR = Euro
 
See Accompanying Notes to Financial Statements.
 
20

Credit Suisse Asset Management Income Fund, Inc.
Statement of Assets and Liabilities
June 30, 2025 (unaudited)
 
 
Assets
 
Investments at value, including collateral for securities on loan of $15,594,035
(Cost $244,001,492) (Note 2)
  
$
  239,654,384
1
 
Foreign currency at value (Cost $59,994)
  
 
62,263
 
Interest receivable
  
 
3,883,142
 
Receivable for investments sold
  
 
627,733
 
Unrealized appreciation on forward foreign currency contracts (Note 2)
  
 
48,348
 
Deferred offering costs (Note 7)
  
 
6,424
 
Prepaid expenses and other assets
  
 
20,525
 
  
 
 
 
Total assets
  
 
244,302,819
 
  
 
 
 
Liabilities
 
Investment advisory fee payable (Note 3)
  
 
193,412
 
Administrative services fee payable
  
 
17,933
 
Loan payable (Note 4)
  
 
63,000,000
 
Payable upon return of securities loaned (Note 2)
  
 
15,594,035
 
Due to custodian
  
 
2,095,299
 
Payable for investments purchased
  
 
1,569,164
 
Interest payable (Note 4)
  
 
586,717
 
Unrealized depreciation on forward foreign currency contracts (Note 2)
  
 
195,336
 
Directors’ fee payable
  
 
21,795
 
Accrued expenses
  
 
7,599
 
  
 
 
 
Total liabilities
  
 
83,281,290
 
  
 
 
 
Net Assets
 
Applicable to 54,823,326 shares outstanding
  
$
161,021,529
 
  
 
 
 
Net Assets
 
Capital stock, $.001 par value (Note 6)
  
 
54,823
 
Paid-in
capital (Note 6)
  
 
197,209,452
 
Total distributable earnings (loss)
  
 
(36,242,746
  
 
 
 
Net assets
  
$
161,021,529
 
  
 
 
 
Net Asset Value Per Share
  
 
$2.94
 
  
 
 
 
Market Price Per Share
  
 
$2.96
 
  
 
 
 
 
 
1
 
Includes $15,256,166 of securities on loan.
 
See Accompanying Notes to Financial Statements.
 
21

Credit Suisse Asset Management Income Fund, Inc.
Statement of Operations
For the Six Months Ended June 30, 2025 (unaudited)
 
 
Investment Income
 
Interest
  
$
  8,756,456
 
Dividends
  
 
11,783
 
Securities lending (net of rebates)
  
 
39,216
 
  
 
 
 
Total investment income
  
 
8,807,455
 
  
 
 
 
Expenses
 
Investment advisory fees (Note 3)
  
 
391,404
 
Administrative services fees
  
 
37,016
 
Interest expense (Note 4)
  
 
1,589,253
 
Directors’ fees
  
 
105,093
 
Legal fees
  
 
102,062
 
Commitment fees (Note 4)
  
 
44,622
 
Custodian fees
  
 
35,616
 
Printing fees
  
 
32,890
 
Audit and tax fees
  
 
28,414
 
Transfer agent fees
  
 
27,168
 
Stock exchange listing fees
  
 
8,368
 
Insurance expense
  
 
2,111
 
Miscellaneous expense
  
 
6,557
 
  
 
 
 
Total expenses
  
 
2,410,574
 
  
 
 
 
Net investment income
  
 
6,396,881
 
  
 
 
 
Net Realized and Unrealized Gain (Loss) from Investments, Foreign Currency and Forward Foreign Currency Contracts
  
Net realized loss from investments
  
 
(682,810
Net realized gain from foreign currency transactions
  
 
9,754
 
Net change in unrealized appreciation (depreciation) from investments
  
 
899,540
 
Net change in unrealized appreciation (depreciation) from foreign currency translations
  
 
4,020
 
Net change in unrealized appreciation (depreciation) from forward foreign currency contracts
  
 
(328,730
  
 
 
 
Net realized and unrealized loss from investments, foreign currency and forward foreign currency contracts
  
 
(98,226
  
 
 
 
Net increase in net assets resulting from operations
  
$
6,298,655
 
  
 
 
 
 
See Accompanying Notes to Financial Statements.
 
22

Credit Suisse Asset Management Income Fund, Inc.
Statements of Changes in Net Assets
 
 
    
 For the Six Months 

Ended
June 30, 2025
(unaudited)
   
For the Year
Ended
 December 31, 2024 
 
From Operations
 
Net investment income
  
$
6,396,881
 
 
$
13,245,221
 
Net realized loss from investments, foreign currency transactions and forward foreign currency contracts
  
 
(673,056
 
 
(3,128,338
Net change in unrealized appreciation (depreciation) from investments, foreign currency translations and forward foreign currency contracts
  
 
574,830
 
 
 
4,865,930
 
  
 
 
   
 
 
 
Net increase in net assets resulting from operations
  
 
6,298,655
 
 
 
14,982,813
 
  
 
 
   
 
 
 
From Distributions
 
From distributable earnings
  
 
(7,399,888
 
 
(13,249,216
Return of capital
  
 
 
 
 
(1,267,716
  
 
 
   
 
 
 
Net decrease in net assets resulting from distributions
  
 
(7,399,888
 
 
(14,516,932
  
 
 
   
 
 
 
From Capital Share Transactions (Note 6)
 
Net proceeds from
at-the-market
offering (Note 7)
  
 
 
 
 
5,933,483
 
Reinvestment of distributions
  
 
50,354
 
 
 
165,706
 
Deferred offering cost write off (Note 7)
  
 
(647,278
 
 
 
  
 
 
   
 
 
 
Net increase (decrease) in net assets from capital share transactions
  
 
(596,924
 
 
6,099,189
 
  
 
 
   
 
 
 
Net increase (decrease) in net assets
  
 
(1,698,157
 
 
6,565,070
 
Net Assets
 
Beginning of period
  
 
162,719,686
 
 
 
156,154,616
 
  
 
 
   
 
 
 
End of period
  
$
  161,021,529
 
 
$
  162,719,686
 
  
 
 
   
 
 
 
 
See Accompanying Notes to Financial Statements.
 
23

Credit Suisse Asset Management Income Fund, Inc.
Statement of Cash Flows
For the Six Months Ended June 30, 2025 (unaudited)
 
 
Reconciliation of Net Increase in Net Assets from Operations to Net Cash
Used in Operating Activities
    
Net increase in net assets resulting from operations
    
$
6,298,655
 
 
 
 
 
Adjustments to Reconcile Net Increase in Net Assets from Operations to Net Cash Used in Operating Activities
    
Decrease in interest receivable
  
$
101,812
 
 
Decrease in accrued expenses
  
 
(134,529
 
Decrease in interest payable
  
 
(378,891
 
Decrease in commitment fees payable
  
 
(45,361
 
Decrease in prepaid expenses and other assets
  
 
40,445
 
 
Decrease in deferred offering cost
  
 
635,689
 
 
Decrease in advisory fees payable
  
 
(12,230
 
Net amortization of a premium or accretion of a discount on investments
  
 
(690,052
 
Purchases of long-term securities, net of change in payable for investments purchased
  
 
(54,854,523
 
Sales of long-term securities, net of change in receivable for investments sold
  
 
51,044,570
 
 
Net proceeds from sales (purchases) of short-term securities
  
 
(2,186,430
 
Net change in unrealized (appreciation) depreciation from investments and forward foreign currency contracts
  
 
(570,810
 
Net realized loss from investments
  
 
682,810
 
 
Total adjustments
    
 
  (6,367,500)
 
 
 
 
 
Net cash used in operating activities
1
    
$
(68,845
 
 
 
 
Cash Flows From Financing Activities
 
Borrowings on revolving credit facility
  
 
6,000,000
 
 
Deferred offering costs write off
  
 
(647,278
 
Cash distributions paid
  
 
(7,349,534
 
  
 
 
   
Net cash used in financing activities
    
 
(1,996,812
 
 
 
 
Net decrease in cash
    
 
(2,065,657
Cash — beginning of period
    
 
32,621
 
 
 
 
 
Cash — end of period
    
$
(2,033,036
 
 
 
 
Non-Cash
Activity:
 
Issuance of shares through dividend reinvestments
    
$
50,354
 
 
 
 
 
 
 
1
 
Included in net cash provided by operating activities is cash of $1,968,144 paid for interest on borrowings.
 
See Accompanying Notes to Financial Statements.
 
24

Credit Suisse Asset Management Income Fund, Inc.
Financial Highlights
 
 
   
For the Six Months
Ended
June 30, 2025

(unaudited)
   
For the Year Ended December 31,
 
   
2024
   
2023
   
2022
   
2021
   
2020
 
Per share operating performance
 
Net asset value, beginning of period
 
$
2.97
 
 
$
2.96
 
 
$
2.73
 
 
$
3.43
 
 
$
3.42
 
 
$
3.48
 
 
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
INVESTMENT OPERATIONS
 
Net investment income
1
 
 
0.12
 
 
 
0.25
 
 
 
0.25
 
 
 
0.23
 
 
 
0.23
 
 
 
0.27
 
Net gain (loss) from investments, foreign currency transactions and forward foreign currency contracts (both realized and unrealized)
 
 
(0.01
 
 
0.03
 
 
 
0.25
 
 
 
(0.66
 
 
0.05
 
 
 
(0.06
 
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Total from investment activities
 
 
0.11
 
 
 
0.28
 
 
 
0.50
 
 
 
(0.43
 
 
0.28
 
 
 
0.21
 
 
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
LESS DIVIDENDS AND DISTRIBUTIONS
 
Dividends from net investment income
 
 
(0.14
 
 
(0.25
 
 
(0.25
 
 
(0.23
 
 
(0.24
 
 
(0.27
Return of capital
 
 
 
 
 
(0.02
 
 
(0.02
 
 
(0.04
 
 
(0.03
 
 
 
 
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Total dividends and distributions
 
 
(0.14
 
 
(0.27
 
 
(0.27
 
 
(0.27
 
 
(0.27
 
 
(0.27
 
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Net asset value, end of period
 
$
2.94
 
 
$
2.97
 
 
$
2.96
 
 
$
2.73
 
 
$
3.43
 
 
$
3.42
 
 
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Per share market value, end of period
 
$
2.96
 
 
$
2.89
 
 
$
3.13
 
 
$
2.52
 
 
$
3.43
 
 
$
3.15
 
 
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
TOTAL INVESTMENT RETURN
2
 
Net asset value
 
 
3.70
 
 
9.86
 
 
19.65
 
 
(12.46
)% 
 
 
8.51
 
 
8.08
Market value
 
 
7.67
 
 
0.74
 
 
37.07
 
 
(19.19
)% 
 
 
17.82
 
 
7.58
RATIOS AND SUPPLEMENTAL DATA
 
Net assets, end of period (000s omitted)
 
$
161,022
 
 
$
162,720
 
 
$
156,155
 
 
$
143,914
 
 
$
179,614
 
 
$
178,641
 
Ratio of net expenses to average net assets
 
 
3.02
%
3
 
 
 
2.96
 
 
3.10
 
 
1.91
 
 
1.07
 
 
1.25
Ratio of net expenses to average net assets excluding interest expense
 
 
1.03
%
3
 
 
 
0.97
 
 
0.88
 
 
0.89
 
 
0.80
 
 
0.75
Ratio of net investment income to average net assets
 
 
8.03
%
3
 
 
 
8.28
 
 
8.79
 
 
7.79
 
 
6.70
 
 
8.55
Asset Coverage per $1,000 of Indebtedness
 
$
3,556
 
 
$
3,855
 
 
$
3,974
 
 
$
3,379
 
 
$
4,070
 
 
$
4,162
 
Outstanding senior securities (000s omitted)
 
$
63,000
 
 
$
57,000
 
 
$
52,500
 
 
$
60,500
 
 
$
58,500
 
 
$
56,500
 
Portfolio turnover rate
4
 
 
24
 
 
60
 
 
39
 
 
42
 
 
53
 
 
36
 
 
1
 
Per share information is calculated using the average shares outstanding method.
2
 
Total investment return at net asset value is based on changes in the net asset value of Fund shares and assumes reinvestment of distributions, if any, at actual prices pursuant to the fund’s dividend reinvestment program. Total investment return at market value is based on changes in the market price at which the Fund’s shares traded on the stock exchange during the period and assumes reinvestment of distributions, if any, at actual prices pursuant to the Fund’s dividend reinvestment program. Because the Fund’s shares trade in the stock market based on investor demand, the Fund may trade at a price higher or lower than its NAV. Therefore, returns are calculated based on NAV and market price. Total returns for periods less than one year are not annualized (See Note 6).
3
 
Annualized.
4
 
Portfolio turnover is calculated by dividing the lesser of total purchases or sales of portfolio securities for the reporting period by the monthly average of portfolio securities owned during the reporting period. Excluded from both the numerator and denominator are amounts relating to derivatives and securities whose maturities or expiration dates at the time of acquisition were one year or less.
 
See Accompanying Notes to Financial Statements.
 
25

Credit Suisse Asset Management Income Fund, Inc.
Financial Highlights (continued)
 
 
    
For the Year Ended December 31,
 
    
2019
   
2018
   
2017
   
2016
   
2015
 
Per share operating performance
          
Net asset value, beginning of year
  
$
3.21
 
 
$
3.58
 
 
$
3.48
 
 
$
3.21
 
 
$
3.62
 
  
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
INVESTMENT OPERATIONS
          
Net investment income
1
  
 
0.26
 
 
 
0.27
 
 
 
0.24
 
 
 
0.25
 
 
 
0.25
 
Net gain (loss) on investments, foreign currency transactions and forward foreign currency contracts (both realized and unrealized)
  
 
0.28
 
 
 
(0.37
 
 
0.12
 
 
 
0.28
 
 
 
(0.40
  
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Total from investment activities
  
 
0.54
 
 
 
(0.10
 
 
0.36
 
 
 
0.53
 
 
 
(0.15
  
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
LESS DIVIDENDS AND DISTRIBUTIONS
          
Dividends from net investment income
  
 
(0.27
 
 
(0.27
 
 
(0.24
 
 
(0.25
 
 
(0.26
Return of capital
  
 
(0.00
)
3
 
 
 
 
 
 
(0.02
 
 
(0.01
 
 
 
  
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Total dividends and distributions
  
 
(0.27
 
 
(0.27
 
 
(0.26
 
 
(0.26
 
 
(0.26
  
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Net asset value, end of year
  
$
3.48
 
 
$
3.21
 
 
$
3.58
 
 
$
3.48
 
 
$
3.21
 
  
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Per share market value, end of year
  
$
3.22
 
 
$
2.77
 
 
$
3.31
 
 
$
3.16
 
 
$
2.78
 
  
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
TOTAL INVESTMENT RETURN
2
          
Net asset value
  
 
18.17
 
 
(2.39
)% 
 
 
11.34
 
 
18.64
 
 
(3.35
)% 
Market value
  
 
26.71
 
 
(8.89
)% 
 
 
13.37
 
 
24.39
 
 
(7.90
)% 
RATIOS AND SUPPLEMENTAL DATA
          
Net assets, end of year (000s omitted)
  
$
182,030
 
 
$
167,897
 
 
$
187,472
 
 
$
182,019
 
 
$
167,848
 
Ratio of expenses to average net assets
  
 
1.92
 
 
1.82
 
 
1.06
 
 
0.74
 
 
0.66
Ratio of expenses to average net assets excluding interest expense
  
 
0.78
 
 
0.78
 
 
0.90
 
 
0.74
 
 
0.66
Ratio of net investment income to average net assets
  
 
7.59
 
 
7.83
 
 
6.75
 
 
7.66
 
 
7.21
Asset Coverage per $1,000 of Indebtedness
  
$
4,021
 
 
$
3,373
 
 
$
5,075
 
 
$
 
 
$
 
Outstanding senior securities (000s omitted)
  
$
60,250
 
 
$
70,750
 
 
$
46,000
 
 
$
 
 
$
 
Portfolio turnover rate
4
  
 
35
 
 
39
 
 
64
 
 
53
 
 
51
 
 
1
 
Per share information is calculated using the average shares outstanding method.
2
 
Total investment return at net asset value is based on the change in the net asset value of Fund shares and assumes reinvestment of distributions, if any, at actual prices pursuant to the Fund’s dividend reinvestment program. Total investment return at market value is based on the change in the market price at which the Fund’s shares traded on the stock exchange during the period and assumes reinvestment of distributions, if any, at actual prices pursuant to the Fund’s dividend reinvestment program. Because the Fund’s shares trade in the stock market based on investor demand, the Fund may trade at a price higher or lower than its NAV. Therefore, returns are calculated based on NAV and market price (See Note 6).
3
 
This amount represents less than $(0.01) per share.
4
 
Portfolio turnover is calculated by dividing the lesser of total purchases or sales of portfolio securities for the reporting period by the monthly average of portfolio securities owned during the reporting period. Excluded from both the numerator and denominator are amounts relating to derivatives and securities whose maturities or expiration dates at the time of acquisition were one year or less.
 
See Accompanying Notes to Financial Statements.
 
26

Credit Suisse Asset Management Income Fund, Inc.
Notes to Financial Statements
June 30, 2025 (unaudited)
 
 
Note 1. Organization
Credit Suisse Asset Management Income Fund, Inc. (the “Fund”) was incorporated on February 11, 1987 and is registered as a diversified,
closed-end
management investment company under the Investment Company Act of 1940, as amended (the “1940 Act”). The investment objective of the Fund is to provide current income consistent with the preservation of capital.
UBS Asset Management (Americas) LLC (“UBS AM (Americas)” or the “Adviser”), the investment adviser to the Fund, is registered as an investment adviser with the Securities and Exchange Commission (“SEC”) and as a Commodity Pool Operator with the Commodity Futures Trading Commission. UBS AM (Americas) is an indirect wholly owned subsidiary of UBS Group AG. UBS Group AG is an internationally diversified organization with headquarters in Zurich, Switzerland. UBS Group AG operates in many areas of the financial services industry.
In this reporting period, the Fund adopted Financial Accounting Standards Board (“FASB”) Accounting Standards Update
2023-07,
Segment Reporting (“Topic 280”) — Improvements to Reportable Segment Disclosures (“ASU
2023-07”).
Adoption of the new standard impacted financial statement disclosures only and did not affect the Fund’s financial position or the results of its operations. An operating segment is defined in Topic 280 as a component of a public entity that engages in business activities from which it may recognize revenues and incur expenses, has operating results that are regularly reviewed by the public entity’s chief operating decision maker (“CODM”) to make decisions about resources to be allocated to the segment and assess its performance, and has discrete financial information available. The Fund’s portfolio management team acts as the Fund’s CODM. The Fund represents a single operating segment, as the CODM monitors the operating results of the Fund as a whole and the Fund’s long-term strategic asset allocation is predetermined in accordance with the Fund’s single investment objective which is executed by the Fund’s portfolio managers as a team. The financial information in the form of the Fund’s portfolio composition, total returns, expense ratios and changes in net assets (i.e., changes in net assets resulting from operations, subscriptions and redemptions) which are used by the CODM to assess the Fund’s comparative benchmarks and to make resource allocation decisions for the Fund’s single segment, is consistent with that presented within the Fund’s financial statements. Segment assets are reflected on the accompanying statement of assets and liabilities as “total assets” and significant segment expenses are listed on the accompanying statement of operations.
Note 2. Significant Accounting Policies
The following is a summary of significant accounting policies followed by the Fund in the preparation of its financial statements. The policies are in accordance with generally accepted accounting principles in the United States of America (“GAAP”). The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts and disclosures in the financial statements. Actual results could differ from those estimates. The Fund is considered an investment company for financial reporting purposes under GAAP and follows the accounting and reporting guidance in FASB Accounting Standards Codification (“ASC”) Topic 946—Financial Services —Investment Companies.
A) SECURITY VALUATION — The Board of Directors (the “Board”) is responsible for the Fund’s valuation process. The Board has delegated the supervision of the daily valuation process to 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 (“NAV”) of the Fund is determined daily as of the close of regular trading (normally 4:00 p.m. Eastern Time) 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,
 
27

Credit Suisse Asset Management Income Fund, Inc.
Notes to Financial Statements (continued)
June 30, 2025 (unaudited)
 
 
Note 2. Significant Accounting Policies
 (continued)
 
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 NAV as reported on each business day and under normal circumstances. Securities for which market quotations are not readily available are valued at their fair value as determined in good faith by the Adviser, as the Board’s valuation designee (as defined in Rule
2a-5
under the 1940 Act), in accordance with the Adviser’s procedures. The Board oversees the Adviser in its role as valuation designee in accordance with the requirements of Rule
2a-5
under the 1940 Act. The Fund may utilize a service provided by an independent third party to fair value certain securities. When fair value pricing is employed, the prices of securities used by the Fund to calculate its NAV may differ from quoted or published prices for the same securities. If independent third party pricing services are unable to supply prices for a portfolio investment, or if the prices supplied are deemed by the Adviser to be unreliable, the market price may be determined by the Adviser using quotations from one or more brokers/dealers or at the transaction price if the security has recently been purchased and no value has yet been obtained from a pricing service or pricing broker. When reliable prices are not readily available, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the Fund calculates its NAV, 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.
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)
 
28

Credit Suisse Asset Management Income Fund, Inc.
Notes to Financial Statements (continued)
June 30, 2025 (unaudited)
 
 
Note 2. Significant Accounting Policies
 (continued)
 
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 June 30, 2025 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
   $      $ 172,926,730      $ 92,245      $ 173,018,975  
Bank Loans
            31,116,872        3,743,236        34,860,108  
Asset Backed Securities
            10,146,007               10,146,007  
Common Stocks
            1,148,226        2,118        1,150,344  
Warrants
                   0        0  
Short-term Investments
     20,478,950                      20,478,950  
  
 
 
    
 
 
    
 
 
    
 
 
 
   $ 20,478,950      $ 215,337,835      $ 3,837,599      $ 239,654,384  
  
 
 
    
 
 
    
 
 
    
 
 
 
Other Financial Instruments*
           
Forward Foreign Currency Contracts
   $      $ 48,348      $      $ 48,348  
  
 
 
    
 
 
    
 
 
    
 
 
 
Liabilities
                           
Other Financial Instruments*
           
Forward Foreign Currency Contracts
   $      $ 195,336      $      $ 195,336  
  
 
 
    
 
 
    
 
 
    
 
 
 
 
  *
Other financial instruments include unrealized appreciation (depreciation) on forward foreign currency contracts.
The following is a reconciliation of investments as of June 30, 2025 for which significant unobservable inputs were used in determining fair value.
 
    
Corporate
Bonds
    
Bank
Loans
    
Common
Stocks
    
Warrants
    
Total
 
Balance as of December 31, 2024
   $ 202,210      $ 4,940,122      $ 2,117      $ 0      $ 5,144,449  
Accrued discounts (premiums)
            32,660                      32,660  
Purchases
     (22,921      826,027                      803,106  
Sales
            (1,972,021              —        (1,972,021
Realized gain (loss)
            (123,441                    (123,441
Change in unrealized appreciation (depreciation)
     (87,044      31,041        1               (56,002
Transfers into Level 3
            362,093                      362,093  
Transfers out of Level 3
            (353,245                    (353,245
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
Balance as of June 30, 2025
   $ 92,245      $ 3,743,236      $ 2,118      $ 0      $ 3,837,599  
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
Net change in unrealized appreciation (depreciation) from investments still held as of June 30, 2025
   $ (88,145    $ (57,406    $      $      $ (145,551
Quantitative Disclosure About Significant Unobservable Inputs
 
Asset Class
  
Fair Value
At June 30, 2025
    
Valuation

Technique
    
Unobservable

Input
    
Price Range
(Weighted Average)*
 
Bank Loans
   $ 3,743,236        Vendor pricing        Single Broker Quote       
$0.81 - $1.00 ($0.96
     0        Income Approach        Expected Remaining Distribution        0.00 (N/A
Corporate Bonds
     92,245        Income Approach        Expected Remaining Distribution        0.00 – 0.77 (0.76
Common Stocks
     2,118        Income Approach        Expected Remaining Distribution        0.00 - 1.48 (0.84
Warrant
     0        Income Approach        Expected Remaining Distribution        0.00 (N/A
 
  *
Weighted by relative fair value
 
29

Credit Suisse Asset Management Income Fund, Inc.
Notes to Financial Statements (continued)
June 30, 2025 (unaudited)
 
 
Note 2. Significant Accounting Policies
 (continued)
 
Each fair value determination is based on a consideration of relevant factors, including both observable and unobservable inputs. Observable and unobservable inputs that UBS AM (Americas) considers may include (i) 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; (ii) the price of the same or similar security negotiated at arm’s length in an issuer’s completed subsequent round of financing; (iii) the price and extent of public trading in similar securities of the issuer or of comparable companies; or (iv) 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.
For the six months ended June 30, 2025, $362,093 was transferred from Level 2 to Level 3 due to a lack of a pricing source supported by observable inputs and $353,245 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.
B) DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES — The Fund adopted amendments to authoritative guidance on disclosures about derivative instruments and hedging activities which require that a fund disclose (a) how and why an entity uses derivative instruments, (b) how derivative instruments and hedging activities are accounted for and (c) how derivative instruments and related hedging activities affect a fund’s financial position, financial performance and cash flows.
The following table presents the fair value and the location of derivatives within the Statement of Assets and Liabilities at June 30, 2025 and the effect of these derivatives on the Statement of Operations for the six months ended June 30, 2025.
 
Primary Underlying Risk
  
Derivative
Assets
1
    
Derivative
Liabilities
1
    
Realized
Gain (Loss)
    
Net Change in
Unrealized
Appreciation
(Depreciation)
 
Foreign currency exchange risk
   $ 48,348      $ 195,336      $ 0      $ (328,730
 
 
1
 
Generally, the balance sheet location for asset derivatives is unrealized appreciation and for liability derivatives is unrealized depreciation.
For the six months ended June 30, 2025, the Fund held an average monthly value on a net basis of $3,974,838 in forward foreign currency contracts.
The Fund is a party to International Swap and Derivatives Association, Inc. (“ISDA”) Master Agreements (“Master Agreements”) with certain counterparties that govern
over-the-counter
derivative (including total return,
 
30

Credit Suisse Asset Management Income Fund, Inc.
Notes to Financial Statements (continued)
June 30, 2025 (unaudited)
 
 
Note 2. Significant Accounting Policies
 (continued)
 
credit default and interest rate swaps) and foreign exchange contracts entered into by the Fund. The Master Agreements may contain provisions regarding, among other things, the parties’ general obligations, representations, agreements, collateral requirements, events of default and early termination. Termination events applicable to the Fund may occur upon a decline in the Fund’s net assets below a specified threshold over a certain period of time.
The following table presents by counterparty the Fund’s derivative assets, net of related collateral held by the Fund, at June 30, 2025:
 
Counterparty
  
Gross Amount of
Derivative Assets
Presented in the
Statement of Assets
and Liabilities
    
Financial
Instruments
and Derivatives
Available for Offset
    
Non-Cash

Collateral
Received
    
Cash
Collateral
Received
    
Net Amount
of Derivative
Assets
 
Barclays Bank PLC
   $ 4,082      $ (4,082    $      $      $  
Deutsche Bank AG
     19,383        (13,478                    5,905  
JPMorgan Chase
     24,883        (1,627                    23,256  
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
  
$
48,348
 
  
$
(19,187
  
$
 
  
$
 
  
$
29,161
 
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
The following table presents by counterparty the Fund’s derivative liabilities, net of related collateral pledged by the Fund, at June 30, 2025:
 
Counterparty
  
Gross Amount of
Derivative Liabilities
Presented in the
Statement of Assets
and Liabilities
    
Financial
Instruments
and Derivatives
Available for Offset
    
Non-Cash

Collateral
Pledged
    
Cash
Collateral
Pledged
    
Net Amount
of Derivative
Liabilities
 
Barclays Bank PLC
   $ 4,945      $ (4,082    $      $      $ 863  
Deutsche Bank AG
     13,478        (13,478                     
JPMorgan Chase
     1,627        (1,627                     
Morgan Stanley
     175,286                             175,286  
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
  
$
195,336
 
  
$
(19,187
  
$
 
  
$
 
  
$
176,149
 
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
C) FOREIGN CURRENCY TRANSACTIONS —The books and records of the Fund are maintained in U.S. dollars. Transactions denominated in foreign currencies are recorded at the current prevailing exchange rates. All assets and liabilities denominated in foreign currencies, including purchases and sales of investments, and income and expenses, are translated into U.S. dollar amounts on the date of those transactions.
Reported net realized gain (loss) from foreign currency transactions arises from sales of foreign currencies; currency gains or losses realized between the trade and settlement dates on securities transactions; and the difference between the amounts of dividends, interest, and foreign withholding taxes recorded on the Fund’s books and the U.S. dollar equivalent of the amounts actually received or paid. Net change in unrealized gains and losses on translation of assets and liabilities denominated in foreign currencies arises from changes in the fair values of assets and liabilities, other than investments, at the end of the period, resulting from changes in exchange rates.
The Fund does not isolate that portion of the results of operations resulting from fluctuations in foreign exchange rates on investments from the fluctuations arising from changes in market prices of investments held. Such fluctuations are included with net realized and unrealized gain or loss from investments in the Statement of Operations.
 
31

Credit Suisse Asset Management Income Fund, Inc.
Notes to Financial Statements (continued)
June 30, 2025 (unaudited)
 
 
Note 2. Significant Accounting Policies
 (continued)
 
D) SECURITY TRANSACTIONS AND INVESTMENT INCOME/EXPENSE — Security transactions are accounted for on a trade date basis. Interest income/expense is recorded on the accrual basis. The Fund amortizes premiums and accretes discounts using the effective interest method. Dividend income/expense is recorded on the
ex-dividend
date. The cost of investments sold is determined by use of the specific identification method for both financial reporting and income tax purposes. To the extent any issuer defaults or a credit event occurs that impacts the issuer, the Fund may halt any additional interest income accruals and consider the realizability of interest accrued up to the date of default or credit event.
E) DIVIDENDS AND DISTRIBUTIONS TO SHAREHOLDERS — The Fund declares and pays dividends on a monthly basis. Distributions of net realized capital gains, if any, are declared and paid at least annually. However, to the extent that a net realized capital gain can be reduced by a capital loss carryforward, such gain will not be distributed. Dividends and distributions to shareholders of the Fund are recorded on the
ex-dividend
date and are determined in accordance with federal income tax regulations, which may differ from GAAP.
The Fund’s dividend policy is to distribute substantially all of its net investment income to its shareholders on a monthly basis. However, in order to provide shareholders with a more consistent yield to the current trading price of shares of common stock of the Fund, the Fund may at times pay out less than the entire amount of net investment income earned in any particular month and may at times in any month pay out such accumulated but undistributed income in addition to net investment income earned in that month. As a result, the dividends paid by the Fund for any particular month may be more or less than the amount of net investment income earned by the Fund during such month.
F) FEDERAL AND OTHER TAXES — No provision is made for federal taxes as it is the Fund’s intention to continue to qualify as a regulated investment company (“RIC”) under the Internal Revenue Code of 1986, as amended (the “Code”), and to make the requisite distributions to its shareholders, which will be sufficient to relieve it from federal income and excise taxes.
In order to qualify as a RIC under Subchapter M of the Code, the Fund must meet certain requirements regarding the source of its income, the diversification of its assets and the distribution of its income. One of these requirements is that the Fund derive at least 90% of its gross income for each taxable year from dividends, interest, payments with respect to certain securities loans, gains from the sale or other disposition of stock, securities or foreign currencies, other income (including gains from options, futures, and forward contracts) derived with respect to its business of investing in such stock, securities or currencies or net income derived from interests in certain publicly-traded partnerships (“Qualifying Income”).
The Fund adopted the authoritative guidance for uncertainty in income taxes and recognizes a tax benefit or liability from an uncertain position only if it is more likely than not that the position is sustainable based solely on its technical merits and consideration of the relevant taxing authority’s widely understood administrative practices and procedures.
The Fund has reviewed its current tax positions and has determined that no provision for income tax is required in the Fund’s financial statements. The Fund’s federal and state income and federal excise tax returns for each of the tax years in the four year period ended June 30, 2025, for which the applicable statutes of limitations have not expired are subject to examination by the Internal Revenue Service and state departments of revenue.
G) CASH — The Fund’s uninvested cash balance is held in an interest bearing variable rate demand deposit account at State Street Bank and Trust Company (“SSB”), the Fund’s custodian.
 
32

Credit Suisse Asset Management Income Fund, Inc.
Notes to Financial Statements (continued)
June 30, 2025 (unaudited)
 
 
Note 2. Significant Accounting Policies
 (continued)
 
H) CASH FLOW INFORMATION — Cash, as used in the Statement of Cash Flows, is the amount reported in the Statement of Assets and Liabilities, including domestic and foreign currencies. The Fund invests in securities and distributes dividends from net investment income and net realized gains, if any (which are either paid in cash or reinvested at the discretion of shareholders). These activities are reported in the Statement of Changes in Net Assets. Information on cash payments is presented in the Statement of Cash Flows. Accounting practices that do not affect reporting activities on a cash basis include unrealized gain or loss on investment securities and accretion or amortization income/expense recognized on investment securities.
I) FORWARD FOREIGN CURRENCY CONTRACTS — A forward foreign currency exchange contract (“forward currency contract”) is a commitment to purchase or sell a foreign currency at the settlement date at a negotiated rate. The Fund will enter into forward currency contracts solely for hedging or other appropriate risk management purposes as defined in regulations of the Commodities Futures Trading Commission. Forward currency contracts are valued at the prevailing forward exchange rate of the underlying currencies and unrealized gain/loss is recorded daily. On the settlement date of the forward currency contract, the Fund records a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value of the contract at the time it was closed. Certain risks may arise upon entering into forward currency contracts from the potential inability of counterparties to meet the terms of their contracts. The maximum counterparty credit risk to the Fund is measured by the unrealized gain on appreciated contracts. Additionally, when utilizing forward currency contracts to hedge, the Fund forgoes the opportunity to profit from favorable exchange rate movements during the term of the contract. The Fund’s open forward currency contracts at June 30, 2025 are disclosed in the Schedule of Investments.
J) UNFUNDED LOAN COMMITMENTS — The Fund enters into certain agreements, all or a portion of which may be unfunded. The Fund is obligated to fund these loan commitments at the borrowers’ discretion. Funded and unfunded portions of credit agreements are presented in the Schedule of Investments. As of June 30, 2025, the Fund has no unfunded loan commitments.
Unfunded loan commitments and funded portions of credit agreements are marked to market daily and any unrealized appreciation or depreciation is included in the Statement of Assets and Liabilities and the Statement of Operations.
K) SECURITIES LENDING — The initial collateral received by the Fund is required to have a value of at least 102% of the market value of domestic securities on loan (including any accrued interest thereon) and 105% of the market value of foreign securities on loan (including any accrued interest thereon). The collateral is maintained thereafter at a value equal to at least 102% of the current market value of the securities on loan. The market value of loaned securities is determined at the close of each business day of the Fund and any additional required collateral is delivered to the Fund, or excess collateral returned by the Fund, on the next business day. Cash collateral received by the Fund in connection with securities lending activity may be pooled together with cash collateral for other funds/portfolios advised by UBS AM (Americas) and may be invested in a variety of investments, including funds advised by SSB or an affiliate, the Fund’s securities lending agent, or money market instruments. However, in the event of default or bankruptcy by the other party to the agreement, realization and/or retention of the collateral may be subject to legal proceedings. The remaining maturities of the securities lending transactions are considered overnight and continuous. Loans are subject to termination by the Fund or the borrower at any time.
 
33

Credit Suisse Asset Management Income Fund, Inc.
Notes to Financial Statements (continued)
June 30, 2025 (unaudited)
 
 
Note 2. Significant Accounting Policies
 (continued)
 
SSB has been engaged by the Fund to act as the Fund’s securities lending agent. As of June 30, 2025, the Fund had outstanding loans of securities to certain approved brokers for which the Fund received collateral:
 
Market Value of
Loaned Securities
   
Market Value of
Cash Collateral
 
$ 15,256,166     $ 15,594,035  
The following table presents financial instruments that are subject to enforceable netting arrangements as of June 30, 2025.
Gross Amounts Not Offset in the Statement of Assets and Liabilities
 
Gross Asset Amounts
Presented in
the Statement of Assets
and Liabilities
(a)
   
Collateral
Received
(b)
   
Net
Amount
 
$ 15,256,166     $ (15,256,166   $  
 
 
(a)
Represents market value of loaned securities at period end.
 
(b)
The actual collateral received is greater than the amount shown here due to collateral requirements of the security lending agreement.
The Fund’s securities lending arrangement provides that the Fund and SSB will share the net income earned from securities lending activities. Securities lending income is accrued as earned. For the six months ended June 30, 2025, total earnings received in connection with securities lending arrangements was $387,991, of which $335,704 was rebated to borrowers (brokers). The Fund retained $39,216 in income, and SSB, as lending agent, was paid $13,071.
L) OTHER — Lower-rated debt securities (commonly known as “junk bonds”) possess speculative characteristics and are subject to greater market fluctuations and risk of lost income and principal than higher-rated debt securities for a variety of reasons. Also, during an economic downturn or substantial period of rising interest rates, highly leveraged issuers may experience financial stress which would adversely affect their ability to service their principal and interest payment obligations, to meet projected business goals and to obtain additional financing.
In the normal course of business, the Fund trades financial instruments and enters into financial transactions for which risk of potential loss exists due to changes in the market (market risk) or failure of the other party to a transaction to perform (credit risk). Similar to credit risk, the Fund may be exposed to counterparty risk, including with respect to securities lending, or the risk that an institution or other entity with which the Fund has unsettled or open transactions will default. The potential loss could exceed the value of the financial assets recorded in the financial statements. Financial assets, which potentially expose the Fund to credit risk, consist principally of cash due from counterparties and investments. The extent of the Fund’s exposure to credit and counterparty risks in respect to these financial assets approximates their carrying value as recorded in the Fund’s Statement of Assets and Liabilities.
In addition, periods of economic uncertainty and changes can be expected to result in increased volatility of market prices of lower-rated debt securities and the Fund’s NAV.
 
34

Credit Suisse Asset Management Income Fund, Inc.
Notes to Financial Statements (continued)
June 30, 2025 (unaudited)
 
 
Note 3. Transactions with Affiliates and Related Parties
UBS AM (Americas) serves as investment adviser for the Fund. For its investment advisory services, UBS AM (Americas) is entitled to receive a fee from the Fund at a rate per annum, computed weekly and paid quarterly as follows: 0.50% of an average weekly base amount which, with respect to each quarter, is the average of the lower of (i) the stock price (market value) of the Fund’s outstanding shares and (ii) the Fund’s net assets, in each case determined as of the last trading day for each week during the relevant quarter. For the six months ended June 30, 2025, investment advisory fees earned were $391,404.
The Fund from time to time purchases or sells loan investments in the secondary market through UBS AM (Americas) or its affiliates acting in the capacity as broker-dealer. UBS AM (Americas) or its affiliates may have acted in some type of agent capacity to the initial loan offering prior to such loan trading in the secondary market.
Note 4. Line of Credit
The Fund has a line of credit subject to annual renewal provided by SSB primarily to leverage its investment portfolio (the “Agreement”). The Fund may borrow the lesser of: a) $85,000,000; b) an amount that is no greater than 33 1/3% of the Fund’s total assets minus the sum of liabilities (other than aggregate indebtedness constituting leverage); and c) the Borrowing Base as defined in the Agreement. Under the terms of the Agreement, the Fund pays a commitment fee of 0.25% on the unused amount. In addition, the Fund pays interest on borrowings at a designated reference rate plus a spread. At June 30, 2025, the Fund had loans outstanding under the Agreement of $63,000,000. Unless renewed, the Agreement will terminate on June 3, 2026. During the six months ended June 30, 2025, the Fund had borrowings under the Agreement as follows:
 
Average Daily
Loan Balance
   
Weighted Average
Interest Rate %
   
Maximum Daily
Loan Outstanding
   
Interest Expense
   
Number of

Days

Outstanding
 
$ 59,994,475       5.269   $ 63,000,000     $ 1,589,253       181  
The use of leverage by the Fund creates an opportunity for increased net income and capital appreciation for the Fund, but, at the same time, creates special risks, and there can be no assurance that a leveraging strategy will be successful during any period in which it is employed. The Fund intends to utilize leverage to provide the shareholders with a potentially higher return. Leverage creates risks for shareholders including the likelihood of greater volatility of NAV and market price of the Fund’s shares and the risk that fluctuations in interest rates on borrowings and short-term debt may affect the return to shareholders. To the extent the income or capital appreciation derived from securities purchased with funds received from leverage exceeds the cost of leverage, the Fund’s return will be greater than if leverage had not been used. Conversely, if the income or capital appreciation from the securities purchased with such funds is not sufficient to cover the cost of leverage, the return to the Fund will be less than if leverage had not been used, and therefore the amount available for distribution to shareholders as dividends and other distributions will be reduced. In the latter case, UBS AM (Americas) in its best judgment nevertheless may determine to maintain the Fund’s leveraged position if it deems such action to be appropriate under the circumstances.
Certain types of borrowings by the Fund may result in the Fund being subject to covenants in credit agreements, including those relating to asset coverage and portfolio composition requirements. The securities held by the Fund are subject to a lien granted to the lender, to the extent of the borrowing outstanding and any additional expenses. The Fund’s lenders may establish guidelines for borrowing which may impose asset coverage or portfolio composition requirements that are more stringent than those imposed by the 1940 Act. There is no guarantee that the Fund’s borrowing arrangements or other arrangements for obtaining leverage will
 
35

Credit Suisse Asset Management Income Fund, Inc.
Notes to Financial Statements (continued)
June 30, 2025 (unaudited)
 
 
Note 4. Line of Credit
 (continued)
 
continue to be available, or if available, will be available on terms and conditions acceptable to the Fund. Expiration or termination of available financing for leveraged positions can result in adverse effects to the Fund’s access to liquidity and its ability to maintain leverage positions, and may cause the Fund to incur losses. Unfavorable economic conditions also could increase funding costs, limit access to the capital markets or result in a decision by lenders not to extend credit to the Fund. In addition, a decline in market value of the Fund’s assets may have particular adverse consequences in instances where the Fund has borrowed money based on the market value of those assets. A decrease in market value of those assets may result in the lender requiring the Fund to sell assets at a time when it may not be in the Fund’s best interest to do so.
Note 5. Purchases and Sales of Securities
For the six months ended June 30, 2025, purchases and sales of investment securities and U.S. Government and Agency Obligations (excluding short-term investments) were as follows:
 
Investment Securities
    
U.S. Government/

Agency Obligations
 
Purchases
   
Sales
    
Purchases
   
Sales
 
$ 55,273,638     $ 50,995,918      $ 0     $ 0  
Note 6. Fund Shares
The Fund offers a Dividend Reinvestment and Cash Purchase Plan (the “Plan”) to its common stockholders. By participating in the Plan, dividends and distributions will be promptly paid to stockholders in additional shares of common stock of the Fund. The number of shares to be issued will be determined by dividing the total amount of the distribution payable by the greater of (i) the NAV of the Fund’s common stock on the payment date, or (ii) 95% of the market price per share of the Fund’s common stock on the payment date. If the NAV of the Fund’s common stock is greater than the market price (plus estimated brokerage commissions) on the payment date, Computershare Trust Company, N.A. (“Computershare”) (or a broker-dealer selected by Computershare) shall endeavor to apply the amount of such distribution to purchase shares of Fund common stock in the open market.
The Fund has one class of shares of common stock, par value $0.001 per share; one hundred million shares are authorized. Transactions in shares of beneficial interest of the Fund were as follows:
 
    
For the Six Months Ended

June 30, 2025
    
For the Year Ended

December 31, 2024
 
Shares issued through
at-the-market
offerings
     0        1,966,284  
Shares issued through reinvestment of dividends
     17,086        55,585  
  
 
 
    
 
 
 
Net increase
     17,086        2,021,869  
  
 
 
    
 
 
 
Note 7. Shelf Offering
The Fund had an effective “shelf” registration statement during the reporting period, which became effective with the SEC on November 17, 2021. The Fund filed a new shelf registration statement on November 14, 2024 to permit the Fund to continue to make offerings under the prior shelf registration statement until the earlier of (i) the effective date of the new shelf registration statement and (ii) 180 days after the third anniversary of the initial effective date of the prior shelf registration statement. The Fund’s new shelf registration statement has not yet been declared effective, and its prior shelf registration statement expired on May 16, 2025. The shelf registration statement enabled the Fund to issue up to $250,000,000 in proceeds through one or more public offerings. Shares
 
36

Credit Suisse Asset Management Income Fund, Inc.
Notes to Financial Statements (continued)
June 30, 2025 (unaudited)
 
 
Note 7. Shelf Offering
 (continued)
 
may be offered at prices and terms to be set forth in one or more supplements to the Fund’s prospectus included in the shelf registration statement. On November 19, 2021, the Fund filed a prospectus supplement relating to an
at-the-market
offering of the Fund’s shares of common stock. Any proceeds raised through such offering will be used for investment purposes. For the six months ended June 30, 2025, no common shares of beneficial interest were issued in the shelf offering.
Costs incurred by the Fund in connection with its shelf registration statement and prospectus supplement are recorded as a prepaid expense and recognized as “Deferred offering costs” on the Statement of Assets and Liabilities. These costs will be amortized pro rata as common shares are sold and will be recognized as a component of proceeds from the shelf offering on the Statement of Changes in Net Assets. Any deferred offering costs remaining after the effectiveness of the shelf registration statement will be expensed. Costs incurred by the Fund to keep the shelf registration current are expensed as incurred and recognized as a component of “Miscellaneous expense” on the Statement of Operations. Deferred offering costs amortized during the six months ended June 30, 2025 were $647,278.
Note 8. Contingencies
In the normal course of business, the Fund may provide general indemnifications pursuant to certain contracts and organizational documents. The Fund’s maximum exposure under these arrangements is dependent on future claims that may be made against the Fund and, therefore, cannot be estimated; however, based on experience, the risk of loss from such claims is considered remote.
Note 9. Subsequent Events
In preparing the financial statements as of June 30, 2025, management considered the impact of subsequent events for potential recognition or disclosure in these financial statements through the date of release of this report. No such events requiring recognition or disclosure were identified through the date of the release of this report.
 
37

Credit Suisse Asset Management Income Fund, Inc.
Results of Annual Meeting of Shareholders (unaudited)
 
 
On April 22, 2025, the Annual Meeting of Shareholders of the Fund, was held and the following matter was voted upon:
(1) To elect three directors to the Board of Directors of the Fund:
 
NAME OF DIRECTOR   
FOR
  
WITHHELD
Laura DeFelice
   35,378,738    2,947,302
Charles Gerber
   35,256,761    3,069,278
Lee Shaiman
   35,369,380    2,956,659
In addition to the directors re-elected at the meeting, Mahendra Gupta, Samantha Kappagoda and John Popp continue to serve as Directors of the Fund.
 
38

Credit Suisse Asset Management Income Fund, Inc.
Recent Changes (unaudited)
 
 
During the period ended June 30, 2025, changes that occurred since the close of the period covered by the previously transmitted annual shareholder report there were: (i) no material changes in the fund’s investment objectives or policies that have not been approved by Stockholders, (ii) no changes in the fund’s charter or by-laws that would delay or prevent a change of control of the fund that have not been approved by Stockholders, (iii) no material changes to the principal risk factors associated with investment in the fund, and (iv) no changes in the persons primarily responsible for the day-to-day management of the Fund’s portfolio.
 
39

Credit Suisse Asset Management Income Fund, Inc.
Notice of Privacy and Information Practices (unaudited)
 
 
At UBS AM (Americas), we know that you are concerned with how we protect and handle nonpublic personal information that identifies you. This notice is designed to help you understand what nonpublic personal information we collect from you and from other sources, and how we use that information in connection with your investments and investment choices that may be available to you. Except where otherwise noted, this notice is applicable only to consumers who are current or former investors, meaning individual persons whose investments are primarily for household, family or personal use (“individual investors”). Specified sections of this notice, however, also apply to other types of investors (called “institutional investors”). Where the notice applies to institutional investors, the notice expressly states so. This notice is being provided by Credit Suisse Funds and Credit Suisse
Closed-End
Funds. This notice applies solely to U.S. registered investment companies advised by UBS AM (Americas).
Categories of information we may collect:
We may collect information about you, including nonpublic personal information, such as
 
   
Information we receive from you on applications, forms, agreements, questionnaires, UBS AM (Americas) websites and other websites that are part of our investment program, or in the course of establishing or maintaining a customer relationship, such as your name, address,
e-mail
address, Social Security number, assets, income, financial situation; and
 
   
Information we obtain from your transactions and experiences with us, our affiliates, or others, such as your account balances or other investment information, assets purchased and sold, and other parties to a transaction, where applicable.
Categories of information we disclose and parties to whom we disclose it:
 
   
We do not disclose nonpublic personal information about our individual investors, except as permitted or required by law or regulation. Whether you are an individual investor or institutional investor, we may share the information described above with our affiliates that perform services on our behalf, and with our asset management and private banking affiliates; as well as with unaffiliated third parties that perform services on our behalf, such as our accountants, auditors, attorneys, broker-dealers, fund administrators, and other service providers.
 
   
We want our investors to be informed about additional products or services. We do not disclose nonpublic personal information relating to individual investors to our affiliates for marketing purposes, nor do we use such information received from our affiliates to solicit individual investors for such purposes. Whether you are an individual investor or an institutional investor, we may disclose information, including nonpublic personal information, regarding our transactions and experiences with you to our affiliates.
 
   
In addition, whether you are an individual investor or an institutional investor, we reserve the right to disclose information, including nonpublic personal information, about you to any person or entity, including without limitation any governmental agency, regulatory authority or self-regulatory organization having jurisdiction over us or our affiliates, if (i) we determine in our discretion that such disclosure is necessary or advisable pursuant to or in connection with any United States federal, state or local, or
non-U.S.,
court order (or other legal process), law, rule, regulation, or executive order or policy, including without limitation any anti-money laundering law or the USA PATRIOT Act of 2001; and (ii) such disclosure is not otherwise prohibited by law, rule, regulation, or executive order or policy.
 
40

Credit Suisse Asset Management Income Fund, Inc.
Notice of Privacy and Information Practices (unaudited) (continued)
 
 
Confidentiality and security
 
   
To protect nonpublic personal information about individual investors, we restrict access to those employees and agents who need to know that information to provide products or services to us and to our investors. We maintain physical, electronic, and procedural safeguards to protect nonpublic personal information.
Other disclosures
This notice is not intended to be incorporated in any offering materials, but is a statement of our current Notice of Privacy and Information Practices and may be amended from time to time. This notice is current as of May 13, 2025.
 
41

Credit Suisse Asset Management Income Fund, Inc.
Proxy Voting and Portfolio Holdings Information (unaudited)
 
 
Information regarding how the Fund voted proxies related to its portfolio securities during the
12-month
period ended June 30 of each year, as well as the policies and procedures that the Fund uses to determine how to vote proxies relating to its portfolio securities are available:
 
   
By calling
1-800-293-1232
 
   
On the Fund’s website, https://us-fund.ubs.com/en/home
 
   
On the website of the Securities and Exchange Commission (“SEC”) at www.sec.gov
The Fund files its complete schedule of portfolio holdings for the first and third quarters of its fiscal year with the SEC as an exhibit to its reports on Form
N-PORT.
The Fund’s Form
N-PORT
reports are available on the SEC’s website at www.sec.gov.
Funds Managed by UBS Asset Management (Americas) LLC
 
CLOSED-END
FUNDS
Fixed Income
Credit Suisse Asset Management Income Fund, Inc. (NYSE American: CIK)
Credit Suisse High Yield Bond Fund (NYSE American: DHY)
Literature Request
— Call today for free descriptive information on the closed-ended funds listed above at
1-800-293-1232
or visit our website at https://us-fund.ubs.com/en/home
 
 
OPEN-END
FUNDS
 
Credit Suisse Commodity Return Strategy Fund    Credit Suisse Strategic Income Fund
Credit Suisse Floating Rate High Income Fund    Credit Suisse Trust Commodity Return Strategy Portfolio
Fund shares are not deposits or other obligation of UBS Asset Management (Americas) LLC or any affiliate, are not FDIC-insured and are not guaranteed by UBS Asset Management (Americas) LLC or any affiliate. Fund investments are subject to investment risks, including loss of your investment. There are special risk considerations associated with international, global, emerging-markets, small-company, private equity, high-yield debt, single-industry, single-country and other special, aggressive or concentrated investment strategies. Past performance cannot guarantee future results.
More complete information about a fund, including charges and expenses, is provided in the Prospectus, which should be read carefully before investing. You may obtain copies by calling Credit Suisse Funds at
1-877-870-2874.
Performance information current to the most recent
month-end
is available at https://us-fund.ubs.com/en/home.
 
42

Credit Suisse Asset Management Income Fund, Inc.
Dividend Reinvestment and Cash Purchase Plan (unaudited)
 
 
Credit Suisse Asset Management Income Fund, Inc. (the “Fund”) offers a Dividend Reinvestment and Cash Purchase Plan (the “Plan”) to its common stockholders. The Plan offers common stockholders a prompt and simple way to reinvest net investment income dividends and capital gains and other periodic distributions in shares of the Fund’s common stock. Computershare Trust Company, N.A. (“Computershare”) acts as Plan Agent for stockholders in administering the Plan.
If your shares of common stock of the Fund are registered in your own name, you will automatically participate in the Plan, unless you have indicated that you do not wish to participate and instead wish to receive dividends and capital gains distributions in cash. If you are a beneficial owner of the Fund having your shares registered in the name of a bank, broker or other nominee, you must first make arrangements with the organization in whose name your shares are registered to have the shares transferred into your own name. Registered shareholders can join the Plan via the Internet by going to www.computershare.com, authenticating your online account, agreeing to the Terms and Conditions of online “Account Access” and completing an online Plan Enrollment Form. Alternatively, you can complete the Plan Enrollment Form and return it to Computershare at the address below.
By participating in the Plan, your dividends and distributions will be promptly paid to you in additional shares of common stock of the Fund. The number of shares to be issued to you will be determined by dividing the total amount of the distribution payable to you by the greater of (i) the net asset value per share (“NAV”) of the Fund’s common stock on the payment date, or (ii) 95% of the market price per share of the Fund’s common stock on the payment date. If the NAV of the Fund’s common stock is greater than the market price (plus estimated brokerage commissions) on the payment date, then Computershare (or a broker-dealer selected by Computershare) shall endeavor to apply the amount of such distribution on your shares to purchase shares of Fund common stock in the open market.
You should be aware that all net investment income dividends and capital gain distributions are taxable to you as ordinary income and capital gain, respectively, whether received in cash or reinvested in additional shares of the Fund’s common stock.
The Plan also permits participants to purchase shares of the Fund through Computershare. You may invest $100 or more monthly, with a maximum of $100,000 in any annual period. Computershare will purchase shares for you on the open market on the 25th of each month or the next trading day if the 25th is not a trading day.
There is no service fee payable by Plan participants for dividend reinvestment. For voluntary cash payments, Plan participants must pay a service fee of $5.00 per transaction. Plan participants will also be charged a pro rata share of the brokerage commissions for all open market purchases ($0.03 per share as of December 2024). Participants will also be charged a service fee of $5.00 for each sale and brokerage commissions of $0.03 per share (as of December 2024).
You may terminate your participation in the Plan at any time by notifying Computershare or requesting a sale of your shares held in the Plan. Your withdrawal will be effective immediately if your notice is received by Computershare prior to any dividend or distribution record date; otherwise, such termination will be effective only with respect to any subsequent dividend or distribution. Your dividend participation option will remain the same unless you withdraw all of your whole and fractional Plan shares, in which case your participation in the Plan will be terminated and you will receive subsequent dividends and capital gains distributions in cash instead of shares.
 
43

Credit Suisse Asset Management Income Fund, Inc.
Dividend Reinvestment and Cash Purchase Plan (unaudited) (continued)
 
 
If you want further information about the Plan, including a brochure describing the Plan in greater detail, please contact Computershare as follows:
 
  By Internet:
www.computershare.com
 
  By phone:
(800)
730-6001
(U.S. and Canada)
 
(781)
575-3100
(Outside U.S. and Canada)
Customer service associates are available from 9:00 a.m. to 5:00 p.m. Eastern time, Monday through Friday
 
  By mail:
Credit Suisse Asset Management Income Fund, Inc.
 
c/o Computershare
 
P.O. Box 43006
 
Providence, RI 02940-3006
Overnight correspondence should be sent to:
 
 
Computershare
 
150 Royall St., Suite 101
 
Canton, MA 02021
All notices, correspondence, questions or other communications sent by mail should be sent by registered or certified mail, return receipt requested.
The Plan may be terminated by the Fund or Computershare upon notice in writing mailed to each participant at least 30 days prior to any record date for the payment of any dividend or distribution.
 
44

This report, including the financial statements herein, is sent to the shareholders of the Fund for their information. It is not a prospectus, circular or representation intended for use in the purchase or sale of shares of the Fund or of any securities mentioned in this report.
 
 
CIK-SAR-0625


Item 2. Code of Ethics.

This item is inapplicable to a semi-annual report on Form N-CSR.

Item 3. Audit Committee Financial Expert.

This item is inapplicable to a semi-annual report on Form N-CSR.

Item 4. Principal Accountant Fees and Services.

This item is inapplicable to a semi-annual report on Form N-CSR.

Item 5. Audit Committee of Listed Registrants.

 

  (a)

This item is inapplicable to a semi-annual report on Form N-CSR.

 

  (b)

Not applicable to the Registrant.

Item 6. Investments.

 

  (a)

The complete schedule of investments for the Registrant is disclosed in the Registrant’s semi-annual report, which is included in Item 1 of this Form N-CSR.

 

  (b)

Not applicable to the Registrant.

Item 7. Financial Statements and Financial Highlights for Open-End Management Investment Companies.

Not applicable to the Registrant.

Item 8. Changes in and Disagreements with Accountants for Open-End Management Investment Companies.

Not applicable to the Registrant.

Item 9. Proxy Disclosure for Open-End Management Investment Companies.

Not applicable to the Registrant.

Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Management Investment Companies.

Not applicable to the Registrant.

Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.

Not applicable.

Item 12. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

This item is inapplicable to a semi-annual report on Form N-CSR.

Item 13. Portfolio Managers of Closed-End Management Investment Companies.

 

  (a)

This item is inapplicable to a semi-annual report on Form N-CSR.

 

  (b)

There have been no changes in any of the Portfolio Managers since the Registrant’s most recent annual report on Form N-CSR.


Item 14. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

None.

Item 15. Submission of Matters to a Vote of Security Holders.

There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant’s board of directors since the registrant last provided disclosure in response to the requirements of Item 7(d)(2)(ii)(g) of Schedule 14A in its definitive proxy statement dated March 20, 2025.

Item 16. Controls and Procedures.

(a) As of a date within 90 days from the filing date of this report, the principal executive officer and principal financial officer concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the “Act”)) were effective based on their evaluation of the disclosure controls and procedures required by Rule 30a-3(b) under the Act and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934.

(b) There were no changes in registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the registrant’s most recent fiscal half-year that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 17. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.

This item is inapplicable to a semi-annual report on Form N-CSR.

Item 18. Recovery of Erroneously Awarded Compensation.

Not applicable to the Registrant.

Item 19. Exhibits.

(a)(1) Not applicable.

(a)(2) Not applicable.

(a)(3) The certifications of the registrant as required by Rule 30a-2(a) under the Act are exhibits to this report.

(a)(4) Not applicable.

(a)(5) Not applicable.

(b) The certifications of the registrant as required by Rule 30a-2(b) under the Act are an exhibit to this report.

(c) Not applicable

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

CREDIT SUISSE ASSET MANAGEMENT INCOME FUND, INC.

 
 

/s/ Omar Tariq

 
 

Name: Omar Tariq

 
 

Title: Chief Executive Officer and President

 
 

(Principal Executive Officer)

 
 

Date: August 29, 2025

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

 

/s/ Omar Tariq

 
  Name: Omar Tariq  
  Title: Chief Executive Officer and President  
  (Principal Executive Officer)  
  Date: August 29, 2025  
 

/s/ Rose Ann Bubloski

 
  Name: Rose Ann Bubloski  
  Title: Chief Financial Officer and Treasurer  
  (Principal Financial Officer)  
  Date: August 29, 2025