NPORT-EX 2 NPORT_TH82_97143600_0122.htm HTML

Credit Suisse High Yield Bond Fund

Schedule of Investments

January 31, 2022 (unaudited)

 

Par
(000)
             

Ratings†
  (S&P/Moody’s)  

       Maturity            Rate%            Value    
                        
 

CORPORATE BONDS (95.1%)

                   
 

Aerospace & Defense (0.6%)

                   
$ 365       

KBR, Inc., Rule 144A, Company Guaranteed Notes (Callable 09/30/23 @ 102.38)(1)

     (BB-, Ba3)        09/30/28          4.750        $ 364,653  
         1,250       

TransDigm, Inc., Global Company Guaranteed Notes
(Callable 03/15/22 @ 103.75)

     (B-, B3)        03/15/27          7.500          1,298,556  
                        

 

 

 
                           1,663,209  
                        

 

 

 
                        
 

Auto Parts & Equipment (3.1%)

                   
  4,030       

Clarios U.S. Finance Co., Rule 144A, Company Guaranteed Notes
(Callable 05/15/22 @ 104.25)(1)

     (CCC+, Caa1)        05/15/27          8.500          4,219,188  
  2,450       

Cooper-Standard Automotive, Inc., Rule 144A, Company Guaranteed Notes
(Callable 02/16/22 @ 102.81)(1),(2)

     (CCC, Caa2)        11/15/26          5.625          1,833,899  
  1,500       

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

     (CCC, Caa1)        10/15/29          6.625          1,449,375  
  350       

Tenneco, Inc., Rule 144A, Senior Secured Notes
(Callable 01/15/24 @ 103.94)(1)

     (B+, Ba3)        01/15/29          7.875          372,531  
                        

 

 

 
                               7,874,993  
                        

 

 

 
                        
 

Automakers (0.5%)

                   
  300       

Thor Industries, Inc., Rule 144A, Company Guaranteed Notes
(Callable 10/15/24 @ 102.00)(1)

     (BB-, B1)        10/15/29          4.000          286,125  
  990       

Winnebago Industries, Inc., Rule 144A, Senior Secured Notes
(Callable 07/15/23 @ 103.13)(1)

     (BB+, Ba3)        07/15/28          6.250          1,054,226  
                        

 

 

 
                           1,340,351  
                        

 

 

 
                        
 

Brokerage (0.5%)

                   
  1,320       

StoneX Group, Inc., Rule 144A, Senior Secured Notes
(Callable 06/15/22 @ 104.31)(1)

     (BB-, Ba3)        06/15/25          8.625          1,401,583  
                        

 

 

 
                        
 

Building & Construction (2.3%)

                   
  1,710       

Adams Homes, Inc., Rule 144A, Company Guaranteed Notes
(Callable 02/16/22 @ 103.75)(1)

     (B+, B3)        02/15/25          7.500          1,763,147  
  600       

APi Escrow Corp., Rule 144A, Company Guaranteed Notes
(Callable 10/15/24 @ 102.38)(1)

     (B, B1)        10/15/29          4.750          590,394  
  710       

APi Group DE, Inc., Rule 144A, Company Guaranteed Notes
(Callable 07/15/24 @ 102.06)(1)

     (B, B1)        07/15/29          4.125          684,426  
  1,150       

Eco Material Technologies, Inc. Rule 144A, Senior Secured Notes
(Callable 01/31/24 @ 103.94)(1)

     (B, B2)        01/31/27          7.875          1,167,296  
  1,570       

Installed Building Products, Inc., Rule 144A, Company Guaranteed Notes
(Callable 02/01/23 @ 102.88)(1)

     (B+, B1)        02/01/28          5.750          1,613,858  
                        

 

 

 
                           5,819,121  
                        

 

 

 
                        
 

Building Materials (3.9%)

                   
  1,900       

Foundation Building Materials, Inc., Rule 144A, Company Guaranteed Notes
(Callable 03/01/24 @ 103.00)(1)

     (CCC+, Caa1)        03/01/29          6.000          1,836,093  
  1,970       

James Hardie International Finance DAC, Rule 144A, Company Guaranteed Notes
(Callable 01/15/23 @ 102.50)(1)

     (BB+, Ba1)        01/15/28          5.000          2,021,102  
  1,200       

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

     (B, B3)        02/01/30          5.500          1,192,908  
  1,410       

Park River Holdings, Inc., Rule 144A, Company Guaranteed Notes
(Callable 02/01/24 @ 102.81)(1)

     (CCC, Caa1)        02/01/29          5.625          1,288,296  
  1,000       

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

     (CCC, Caa1)        08/01/29          6.750          962,910  
  1,200       

PGT Innovations, Inc., Rule 144A, Company Guaranteed Notes
(Callable 10/01/24 @ 102.19)(1)

     (B+, B2)        10/01/29          4.375          1,156,854  
  1,200       

Standard Industries, Inc., Rule 144A, Senior Unsecured Notes
(Callable 07/15/25 @ 102.19)(1)

     (BB, B1)        07/15/30          4.375          1,150,962  
  300       

Summit Materials Finance Corp., Rule 144A, Company Guaranteed Notes
(Callable 07/15/23 @ 102.63)(1)

     (BB, Ba3)        01/15/29          5.250          306,689  
                        

 

 

 
                           9,915,814  
                        

 

 

 
                        
 

Cable & Satellite TV (3.0%)

                   
  1,315       

CSC Holdings LLC, Global Senior Unsecured Notes

     (B+, B3)        06/01/24          5.250          1,355,936  
  525       

CSC Holdings LLC, Rule 144A, Company Guaranteed Notes
(Callable 04/15/22 @ 102.75)(1)

     (BB, Ba3)        04/15/27          5.500          534,803  
  750       

CSC Holdings LLC, Rule 144A, Company Guaranteed Notes
(Callable 02/01/23 @ 102.69)(1)

     (BB, Ba3)        02/01/28          5.375          753,116  
  900       

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

     (BB, Ba3)        11/15/31          4.500          840,033  

 

 

 


Credit Suisse High Yield Bond Fund

Schedule of Investments (continued)

January 31, 2022 (unaudited)

 

Par
(000)
             

Ratings†
  (S&P/Moody’s)  

       Maturity            Rate%            Value    
                        
 

CORPORATE BONDS (continued)

                   
 

Cable & Satellite TV

                   
$        2,000       

Telenet Finance Luxembourg Notes Sarl, Rule 144A, Senior Secured Notes
(Callable 12/01/22 @ 102.75)(1)

     (BB-, Ba3)        03/01/28          5.500        $     2,050,000  
  900       

UPC Broadband Finco B.V., Rule 144A, Senior Secured Notes
(Callable 07/15/26 @ 102.44)(1)

     (BB-, B1)        07/15/31          4.875          891,365  
  1,000       

Virgin Media Secured Finance PLC, Rule 144A, Senior Secured Notes
(Callable 04/15/22 @ 102.50)(1),(3)

     (BB-, Ba3)        04/15/27          5.000          1,365,064  
                        

 

 

 
                           7,790,317  
                        

 

 

 
                        
 

Chemicals (4.1%)

                   
  300       

Avient Corp., Rule 144A, Senior Unsecured Notes
(Callable 05/15/22 @ 102.88)(1)

     (BB-, Ba3)        05/15/25          5.750          308,342  
  1,200       

Diamond BC B.V., Rule 144A, Company Guaranteed Notes
(Callable 10/01/24 @ 102.31)(1)

     (B, Caa1)        10/01/29          4.625          1,131,402  
  725       

GCP Applied Technologies, Inc., Rule 144A, Company Guaranteed Notes
(Callable 02/16/22 @ 102.75)(1)

     (BB, B1)        04/15/26          5.500          741,200  
  1,200       

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

     (B, B2)        05/15/28          4.750          1,148,466  
  1,200       

Herens Midco Sarl, Rule 144A, Company Guaranteed Notes
(Callable 05/15/24 @ 102.63)(1),(4)

     (CCC+, Caa2)        05/15/29          5.250          1,221,623  
  1,031       

Ingevity Corp., Rule 144A, Company Guaranteed Notes
(Callable 03/03/22 @ 101.13)(1)

     (NR, Ba3)        02/01/26          4.500          1,030,505  
  1,200       

LSF11 A5 Holdings LLC, Rule 144A, Senior Unsecured Notes
(Callable 10/15/24 @ 103.31)(1)

     (B-, Caa1)        10/15/29          6.625          1,177,680  
  525       

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

     (CCC+, Caa2)        10/01/29          6.250          499,430  
  272       

Reichhold Industries, Inc., Rule 144A, Senior Secured Notes(1),(5),(6),(7),(8),(9)

     (NR, NR)        05/01/18          0.000          3,667  
  1,500       

Schenectady International Group, Inc., Rule 144A, Senior Unsecured Notes
(Callable 05/15/23 @ 103.38)(1)

     (CCC+, Caa2)        05/15/26          6.750          1,434,457  
  600       

Trinseo Materials Finance, Inc., Rule 144A, Company Guaranteed Notes
(Callable 04/01/24 @ 102.56)(1)

     (B, B2)        04/01/29          5.125          603,960  
  1,200       

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

     (B, B3)        03/15/29          4.625          1,157,664  
                        

 

 

 
                           10,458,396  
                        

 

 

 
                        
 

Consumer/Commercial/Lease Financing (1.1%)

                   
  2,900       

Cargo Aircraft Management, Inc., Rule 144A, Company Guaranteed Notes
(Callable 02/01/23 @ 102.38)(1)

     (BB, Ba3)        02/01/28          4.750          2,922,924  
                        

 

 

 
                        
 

Diversified Capital Goods (1.8%)

                   
  1,425       

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

     (BB-, Ba3)        06/01/31          4.250          1,404,872  
  2,247       

GrafTech Finance, Inc., Rule 144A, Senior Secured Notes
(Callable 12/15/23 @ 102.31)(1)

     (BB, Ba3)        12/15/28          4.625          2,173,849  
  600       

Madison IAQ LLC, Rule 144A, Senior Secured Notes
(Callable 06/30/24 @ 102.06)(1)

     (B, B1)        06/30/28          4.125          572,397  
  600       

Madison IAQ LLC, Rule 144A, Senior Unsecured Notes
(Callable 06/30/24 @ 102.94)(1)

     (CCC+, Caa1)        06/30/29          5.875          555,438  
                        

 

 

 
                           4,706,556  
                        

 

 

 
                        
 

Electronics (0.6%)

                   
  345       

Sensata Technologies B.V., Rule 144A, Company Guaranteed Notes
(Callable 04/15/24 @ 102.00)(1)

     (BB+, Ba3)        04/15/29          4.000          339,637  
  1,200       

Synaptics, Inc., Rule 144A, Company Guaranteed Notes
(Callable 06/15/24 @ 102.00)(1),(2)

     (B+, Ba3)        06/15/29          4.000          1,179,270  
                        

 

 

 
                           1,518,907  
                        

 

 

 
                        
 

Energy - Exploration & Production (2.0%)

                   
  850       

CNX Resources Corp., Rule 144A, Company Guaranteed Notes
(Callable 03/14/22 @ 105.44)(1)

     (BB-, B1)        03/14/27          7.250          893,397  
  800       

CNX Resources Corp., Rule 144A, Company Guaranteed Notes
(Callable 01/15/24 @ 104.50)(1)

     (BB-, B1)        01/15/29          6.000          825,304  
  350       

Laredo Petroleum, Inc., Rule 144A, Company Guaranteed Notes
(Callable 07/31/24 @ 103.88)(1),(2)

     (B, B3)        07/31/29          7.750          338,749  
  895       

Northern Oil & Gas, Inc., Rule 144A, Senior Unsecured Notes
(Callable 03/01/24 @ 104.06)(1)

     (B, B3)        03/01/28          8.125          934,434  
  600       

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

     (B+, B3)        10/15/29          5.500          604,392  

 

 

 


Credit Suisse High Yield Bond Fund

Schedule of Investments (continued)

January 31, 2022 (unaudited)

 

Par
(000)
             

Ratings†
  (S&P/Moody’s)  

       Maturity            Rate%            Value    
                        
 

CORPORATE BONDS (continued)

                   
 

Energy - Exploration & Production

                   
$        1,615       

W&T Offshore, Inc., Rule 144A, Secured Notes
(Callable 03/03/22 @ 102.44)(1)

     (B, Caa2)        11/01/23          9.750        $     1,576,571  
                        

 

 

 
                           5,172,847  
                        

 

 

 
                        
 

Environmental (0.4%)

                   
  625       

GFL Environmental, Inc., Rule 144A, Senior Secured Notes
(Callable 12/15/22 @ 102.56)(1)

     (BB-, Ba3)        12/15/26          5.125          646,356  
  300       

Stericycle, Inc., Rule 144A, Company Guaranteed Notes
(Callable 11/15/23 @ 101.94)(1)

     (BB-, NR)        01/15/29          3.875          285,468  
                        

 

 

 
                           931,824  
                        

 

 

 
                        
 

Food - Wholesale (1.1%)

                   
  210       

Lamb Weston Holdings, Inc., Rule 144A, Company Guaranteed Notes
(Callable 01/31/25 @ 102.06)(1)

     (BB+, Ba3)        01/31/30          4.125          207,758  
  600       

Lamb Weston Holdings, Inc., Rule 144A, Company Guaranteed Notes
(Callable 01/31/27 @ 102.19)(1)

     (BB+, Ba3)        01/31/32          4.375          592,718  
  900       

U.S. Foods, Inc., Rule 144A, Company Guaranteed Notes
(Callable 02/15/24 @ 102.38)(1)

     (B+, B3)        02/15/29          4.750          885,848  
  1,150       

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

     (B+, B3)        06/01/30          4.625          1,123,056  
                        

 

 

 
                           2,809,380  
                        

 

 

 
                        
 

Gaming (4.2%)

                   
  500       

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

     (B, Caa1)        06/15/31          4.750          491,535  
  1,868       

Churchill Downs, Inc., Rule 144A, Company Guaranteed Notes
(Callable 01/15/23 @ 102.38)(1)

     (B+, B1)        01/15/28          4.750          1,881,450  
  1,800       

Fertitta Entertainment Finance Co., Inc, Rule 144A, Senior Secured Notes
(Callable 01/15/25 @ 102.31)(1)

     (B, B2)        01/15/29          4.625          1,758,492  
  3,250       

Golden Nugget, Inc., Rule 144A, Senior Unsecured Notes
(Callable 02/04/22 @ 100.00)(1)

     (CCC, Caa2)        10/15/24          6.750          3,254,485  
  2,200       

Jacobs Entertainment, Inc., Rule 144A, Secured Notes
(Callable 02/24/22 @ 101.97)(1)

     (B-, B2)        02/01/24          7.875          2,253,196  
  500       

Jacobs Entertainment, Inc., Rule 144A, Senior Unsecured Notes
(Callable 02/15/25 @ 103.36)(1)

     (B, B2)        02/15/29          6.750          505,340  
  480       

Peninsula Pacific Entertainment Finance, Rule 144A, Senior Unsecured Notes
(Callable 11/15/23 @ 104.25)(1)

     (B, B3)        11/15/27          8.500          515,556  
                        

 

 

 
                           10,660,054  
                        

 

 

 
                        
 

Gas Distribution (4.8%)

                   
  1,200       

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

     (BB-, B1)        04/15/30          4.750          1,173,678  
  2,750       

Genesis Energy Finance Corp., Company Guaranteed Notes
(Callable 03/03/22 @ 100.94)

     (B, B2)        06/15/24          5.625          2,727,065  
  1,125       

Genesis Energy Finance Corp., Company Guaranteed Notes
(Callable 03/03/22 @ 103.13)

     (B, B2)        05/15/26          6.250          1,087,318  
  1,800       

Hess Midstream Operations LP, Rule 144A, Company Guaranteed Notes
(Callable 06/15/23 @ 102.56)(1)

     (BB+, Ba3)        06/15/28          5.125          1,836,414  
  1,460       

ITT Holdings LLC, Rule 144A, Senior Unsecured Notes
(Callable 08/01/24 @ 103.25)(1)

     (B, B2)        08/01/29          6.500          1,399,966  
  1,450       

New Fortress Energy, Inc., Rule 144A, Senior Secured Notes
(Callable 03/31/23 @ 103.25)(1)

     (BB-, B1)        09/30/26          6.500          1,358,324  
  750       

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

     (BB+, Ba2)        07/15/29          4.950          771,675  
  915       

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

     (BB+, Ba2)        05/15/30          4.800          914,048  
  300       

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

     (BB-, B1)        06/01/31          5.000          295,899  
  750       

Tallgrass Energy Finance Corp., Rule 144A, Company Guaranteed Notes
(Callable 10/01/22 @ 105.63)(1)

     (BB-, B1)        10/01/25          7.500          789,750  
                        

 

 

 
                           12,354,137  
                        

 

 

 
                        
 

Health Facilities (1.0%)

                   
  1,000       

Embecta Corp., Rule 144A, Senior Secured Notes
(Callable 02/15/27 @ 101.25)(1)

     (B+, Ba3)        02/15/30          5.000          1,001,740  
  450       

HCA, Inc., Company Guaranteed Notes
(Callable 03/01/28 @ 100.00)

     (BB-, Baa3)        09/01/28          5.625          501,802  

 

 

 


Credit Suisse High Yield Bond Fund

Schedule of Investments (continued)

January 31, 2022 (unaudited)

 

Par
(000)
             

Ratings†

  (S&P/Moody’s)  

       Maturity            Rate%            Value    
                        
 

CORPORATE BONDS (continued)

                   
 

Health Facilities

                   
$ 300       

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

     (B-, B3)        10/31/29          4.375        $ 292,077  
  775       

Surgery Center Holdings, Inc., Rule 144A, Company Guaranteed Notes
(Callable 04/15/22 @ 105.00)(1)

     (CCC, Caa2)        04/15/27          10.000          815,625  
                        

 

 

 
                               2,611,244  
                        

 

 

 
                        
 

Health Services (2.7%)

                   
  660       

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

     (BB-, Ba3)        04/15/29          4.000          655,878  
  180       

Ortho-Clinical Diagnostics S.A., Rule 144A, Senior Unsecured Notes
(Callable 06/01/22 @ 103.69)(1)

     (CCC+, B3)        06/01/25          7.375          188,635  
         2,223       

Owens & Minor, Inc., Global Senior Secured Notes
(Callable 09/15/24 @ 100.00)

     (BB-, Ba2)        12/15/24          4.375          2,334,917  
  2,750       

Radiology Partners, Inc., Rule 144A, Company Guaranteed Notes
(Callable 02/01/23 @ 104.63)(1)

     (CCC, Caa2)        02/01/28          9.250          2,742,355  
  335       

RP Escrow Issuer LLC, Rule 144A, Senior Secured Notes
(Callable 12/15/22 @ 102.63)(1)

     (B-, B2)        12/15/25          5.250          326,734  
  589       

Service Corp., International, Global Senior Unsecured Notes
(Callable 05/15/26 @ 102.00)

     (BB, Ba3)        05/15/31          4.000          571,605  
                        

 

 

 
                           6,820,124  
                        

 

 

 
                        
 

Insurance Brokerage (4.9%)

                   
  3,178       

Acrisure Finance, Inc., Rule 144A, Senior Unsecured Notes
(Callable 03/03/22 @ 101.75)(1)

     (CCC+, Caa2)        11/15/25          7.000          3,178,461  
  1,000       

Acrisure Finance, Inc., Rule 144A, Senior Unsecured Notes
(Callable 08/01/22 @ 107.59)(1)

     (CCC+, Caa2)        08/01/26          10.125          1,079,960  
  860       

Alliant Holdings Co-Issuer, Rule 144A, Senior Secured Notes
(Callable 10/15/23 @ 102.13)(1)

     (B, B2)        10/15/27          4.250          838,113  
  719       

Alliant Holdings Co-Issuer, Rule 144A, Senior Unsecured Notes
(Callable 10/15/22 @ 103.38)(1)

     (CCC+, Caa2)        10/15/27          6.750          712,475  
  1,200       

GTCR AP Finance, Inc., Rule 144A, Senior Unsecured Notes
(Callable 05/15/22 @ 104.00)(1)

     (CCC+, Caa2)        05/15/27          8.000          1,225,428  
  950       

NFP Corp., Rule 144A, Senior Secured Notes
(Callable 08/15/23 @ 102.44)(1)

     (B, B1)        08/15/28          4.875          925,324  
  3,600       

NFP Corp., Rule 144A, Senior Unsecured Notes
(Callable 08/15/23 @ 103.44)(1)

     (CCC+, Caa2)        08/15/28          6.875          3,430,170  
  1,200       

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

     (BB-, B1)        01/31/27          7.875          1,200,000  
                        

 

 

 
                           12,589,931  
                        

 

 

 
                        
 

Investments & Misc. Financial Services (2.8%)

                   
  1,790       

AG Issuer LLC, Rule 144A, Senior Secured Notes
(Callable 03/01/23 @ 103.13)(1)

     (B-, B2)        03/01/28          6.250          1,852,498  
  2,250       

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

     (CCC+, Caa1)        11/15/29          8.500          2,295,731  
  1,750       

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

     (B+, B1)        04/15/29          5.250          1,730,557  
  850       

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

     (B+, B1)        01/15/32          5.000          840,663  
  217       

CPI CG, Inc., Rule 144A, Senior Secured Notes
(Callable 03/15/23 @ 104.31)(1)

     (B-, B3)        03/15/26          8.625          222,654  
  300       

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

     (B, B1)        06/15/29          4.000          268,962  
                        

 

 

 
                           7,211,065  
                        

 

 

 
                        
 

Machinery (2.7%)

                   
  1,550       

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

     (BB, Ba2)        04/15/29          4.375          1,509,747  
  1,475       

ATS Automation Tooling Systems, Inc., Rule 144A, Company Guaranteed Notes
(Callable 12/15/23 @ 102.06)(1)

     (B+, B2)        12/15/28          4.125          1,455,102  
  1,950       

Granite U.S. Holdings Corp., Rule 144A, Company Guaranteed Notes
(Callable 10/01/22 @ 105.50)(1)

     (CCC+, Caa1)        10/01/27          11.000          2,094,037  
  1,235       

Harsco Corp., Rule 144A, Company Guaranteed Notes
(Callable 07/31/22 @ 102.88)(1)

     (B+, B1)        07/31/27          5.750          1,256,668  

 

 

 


Credit Suisse High Yield Bond Fund

Schedule of Investments (continued)

January 31, 2022 (unaudited)

 

Par
(000)
             

Ratings†
  (S&P/Moody’s)  

       Maturity            Rate%            Value    
                        
 

CORPORATE BONDS (continued)

                   
 

Machinery

                   
$ 600       

Hillenbrand, Inc., Global Company Guaranteed Notes
(Callable 06/15/22 @ 102.88)

     (BB+, Ba1)        06/15/25          5.750        $ 618,693  
                        

 

 

 
                           6,934,247  
                        

 

 

 
                        
 

Managed Care (0.4%)

                   
  1,050       

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

     (B, B3)        10/01/29          4.500              1,027,688  
                        

 

 

 
                        
 

Media - Diversified (0.3%)

                   
  750       

National CineMedia LLC, Global Senior Unsecured Notes
(Callable 03/03/22 @ 102.88)

     (CCC, Caa3)        08/15/26          5.750          526,140  
  375       

National CineMedia LLC, Rule 144A, Senior Secured Notes
(Callable 04/15/23 @ 102.94)(1),(2)

     (B-, B3)        04/15/28          5.875          319,104  
                        

 

 

 
                           845,244  
                        

 

 

 
                        
 

Media Content (0.7%)

                   
         1,507       

Diamond Sports Finance Co., Rule 144A, Company Guaranteed Notes
(Callable 08/15/22 @ 103.31)(1)

     (CC, Ca)        08/15/27          6.625          391,820  
  925       

Diamond Sports Finance Co., Rule 144A, Senior Secured Notes
(Callable 08/15/22 @ 102.69)(1)

     (CC, Caa1)        08/15/26          5.375          427,049  
  300       

Sirius XM Radio, Inc., Rule 144A, Company Guaranteed Notes
(Callable 07/15/24 @ 102.00)(1)

     (BB, Ba3)        07/15/28          4.000          290,741  
  750       

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

     (BB-, B2)        01/15/30          5.000          744,262  
                        

 

 

 
                           1,853,872  
                        

 

 

 
                        
 

Medical Products (1.3%)

                   
  1,200       

Mozart Debt Merger Sub, Inc., Rule 144A, Senior Secured Notes
(Callable 10/01/24 @ 101.94)(1)

     (B+, B1)        04/01/29          3.875          1,156,242  
  2,100       

Mozart Debt Merger Sub, Inc., Rule 144A, Senior Unsecured Notes
(Callable 10/01/24 @ 102.63)(1)

     (B-, Caa1)        10/01/29          5.250          2,046,061  
                        

 

 

 
                           3,202,303  
                        

 

 

 
                        
 

Metals & Mining - Excluding Steel (2.8%)

                   
  375       

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

     (BB, NR)        11/15/29          3.875          359,785  
  1,125       

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

     (B, B1)        02/15/30          6.500          1,113,418  
  200       

First Quantum Minerals Ltd., Rule 144A, Company Guaranteed Notes
(Callable 02/11/22 @ 101.81)(1)

     (B, Wr)        04/01/23          7.250          201,002  
  2,150       

First Quantum Minerals Ltd., Rule 144A, Company Guaranteed Notes
(Callable 02/11/22 @ 105.16)(1)

     (B, NR)        03/01/26          6.875          2,222,939  
  300       

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

     (BB, B1)        06/01/31          4.500          282,469  
  182       

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

     (BB, B1)        01/30/30          4.750          181,810  
  1,692       

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

     (BB, B1)        06/30/29          4.875          1,654,125  
  1,200       

Taseko Mines Ltd., Rule 144A, Senior Secured Notes
(Callable 02/15/23 @ 103.50)(1)

     (B-, B3)        02/15/26          7.000          1,218,420  
                        

 

 

 
                           7,233,968  
                        

 

 

 
                        
 

Packaging (4.3%)

                   
  600       

Ardagh Metal Packaging Finance PLC, Rule 144A, Senior Unsecured Notes
(Callable 05/15/24 @ 102.00)(1)

     (B+, B3)        09/01/29          4.000          572,547  
  650       

Crown Americas Capital Corp. VI, Global Company Guaranteed Notes
(Callable 03/03/22 @ 102.38)

     (BB-, Ba3)        02/01/26          4.750          663,920  
  3,200       

Flex Acquisition Co., Inc., Rule 144A, Senior Unsecured Notes
(Callable 03/03/22 @ 100.00)(1)

     (CCC+, Caa2)        01/15/25          6.875          3,203,488  
  600       

Intelligent Packaging Ltd. Co-Issuer LLC, Rule 144A, Senior Secured Notes
(Callable 09/15/22 @ 103.00)(1)

     (B-, B3)        09/15/28          6.000          597,000  
  1,695       

Intertape Polymer Group, Inc., Rule 144A, Company Guaranteed Notes
(Callable 06/15/24 @ 102.19)(1)

     (B+, Ba3)        06/15/29          4.375          1,676,389  
  800       

Pactiv Evergreen Group Issuer LLC, Rule 144A, Senior Secured Notes
(Callable 10/15/23 @ 102.00)(1)

     (B+, B1)        10/15/27          4.000          759,884  

 

 

 


Credit Suisse High Yield Bond Fund

Schedule of Investments (continued)

January 31, 2022 (unaudited)

 

Par
(000)
             

Ratings†
  (S&P/Moody’s)  

       Maturity            Rate%            Value    
                        
 

CORPORATE BONDS (continued)

                   
 

Packaging

                   
$        3,570       

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

     (BB-, Ba3)        04/15/29          4.125        $     3,504,026  
                        

 

 

 
                           10,977,254  
                        

 

 

 
                        
 

Personal & Household Products (0.7%)

                   
  2,000       

High Ridge Brands Co., Rule 144A, Senior Unsecured Notes
(Callable 03/11/22 @ 102.22)(1),(5),(7),(8),(9)

     (NR, NR)        03/15/25          0.000          20,000  
  1,800       

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

     (CCC+, Caa2)        06/01/29          6.375          1,712,304  
                        

 

 

 
                           1,732,304  
                        

 

 

 
                        
 

Pharmaceuticals (3.7%)

                   
  1,600       

Bausch Health Cos., Inc., Rule 144A, Company Guaranteed Notes
(Callable 05/30/24 @ 103.63)(1)

     (B, B3)        05/30/29          7.250          1,438,240  
  325       

Bausch Health Cos., Inc., Rule 144A, Company Guaranteed Notes
(Callable 01/30/25 @ 102.63)(1)

     (B, B3)        01/30/30          5.250          264,027  
  600       

Bausch Health Cos., Inc., Rule 144A, Company Guaranteed Notes
(Callable 02/15/26 @ 102.63)(1)

     (B, B3)        02/15/31          5.250          479,397  
  600       

Bausch Health Cos., Inc., Rule 144A, Senior Secured Notes
(Callable 06/01/24 @ 102.44)(1)

     (BB, Ba2)        06/01/28          4.875          570,102  
  1,064       

Emergent BioSolutions, Inc., Rule 144A, Company Guaranteed Notes
(Callable 08/15/23 @ 101.94)(1)

     (BB-, Ba3)        08/15/28          3.875          980,524  
  1,350       

Endo Finance LLC, Rule 144A, Senior Secured Notes
(Callable 03/03/22 @ 101.47)(1)

     (B-, B3)        10/15/24          5.875          1,320,772  
  600       

Endo U.S., Inc., Rule 144A, Senior Secured Notes
(Callable 04/01/24 @ 104.59)(1)

     (B-, B3)        04/01/29          6.125          570,597  
  1,400       

Grifols Escrow Issuer S.A., Rule 144A, Senior Unsecured Notes
(Callable 10/15/24 @ 102.38)(1)

     (B, B3)        10/15/28          4.750          1,395,072  
  860       

Horizon Therapeutics U.S.A., Inc., Rule 144A, Company Guaranteed Notes
(Callable 08/01/22 @ 104.13)(1)

     (B+, Ba3)        08/01/27          5.500          892,186  
  1,600       

Jazz Securities DAC, Rule 144A, Senior Secured Notes
(Callable 07/15/24 @ 102.19)(1)

     (BB-, Ba2)        01/15/29          4.375          1,591,440  
                        

 

 

 
                           9,502,357  
                        

 

 

 
                        
 

Real Estate Development & Management (1.5%)

                   
  1,100       

Newmark Group, Inc., Global Senior Unsecured Notes
(Callable 10/15/23 @ 100.00)

     (BB+, NR)        11/15/23          6.125          1,161,600  
  2,864       

WeWork Cos., Inc., Rule 144A, Company Guaranteed Notes(1),(2)

     (CCC+, Wr)        05/01/25          7.875          2,653,696  
                        

 

 

 
                           3,815,296  
                        

 

 

 
                        
 

Real Estate Investment Trusts (2.4%)

                   
  1,606       

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

     (BBB-, Ba3)        12/15/27          3.750          1,546,778  
  2,100       

iStar, Inc., Global Senior Unsecured Notes
(Callable 08/15/22 @ 102.75)

     (BB, Ba3)        02/15/26          5.500          2,139,207  
  300       

iStar, Inc., Senior Unsecured Notes
(Callable 07/01/24 @ 100.00)

     (BB, Ba3)        10/01/24          4.750          304,070  
  1,250       

MGP Finance Co-Issuer, Inc., Global Company Guaranteed Notes
(Callable 11/01/26 @ 100.00)

     (BB-, B1)        02/01/27          5.750          1,383,637  
  780       

Starwood Property Trust, Inc., Rule 144A, Senior Unsecured Notes
(Callable 08/01/23 @ 100.00)(1)

     (B+, Ba3)        11/01/23          5.500          803,361  
                        

 

 

 
                           6,177,053  
                        

 

 

 
                        
 

Recreation & Travel (5.4%)

                   
  600       

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

     (B, B1)        05/15/29          4.750          603,540  
  872       

Canada’s Wonderland Co., Global Company Guaranteed Notes
(Callable 04/15/22 @ 102.69)

     (CCC+, B3)        04/15/27          5.375          884,055  
  375       

Cedar Fair LP, Global Company Guaranteed Notes
(Callable 07/15/24 @ 102.63)

     (CCC+, B3)        07/15/29          5.250          375,977  
  1,300       

Merlin Entertainments Ltd., Rule 144A, Secured Notes
(Callable 03/17/26 @ 100.00)(1)

     (B, B2)        06/15/26          5.750          1,351,149  
  1,000       

Motion Bondco DAC, Rule 144A, Company Guaranteed Notes
(Callable 11/15/22 @ 103.31)(1),(2)

     (CCC, Caa2)        11/15/27          6.625          999,290  
  848       

Powdr Corp., Rule 144A, Senior Secured Notes
(Callable 08/01/22 @ 103.00)(1)

     (B-, B1)        08/01/25          6.000          881,356  
  1,900       

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

     (B-, Caa1)        08/15/29          5.250          1,849,261  

 

 

 


Credit Suisse High Yield Bond Fund

Schedule of Investments (continued)

January 31, 2022 (unaudited)

 

Par
(000)
             

Ratings†
  (S&P/Moody’s)  

       Maturity            Rate%            Value    
                                            
                   
 

CORPORATE BONDS (continued)

                   
 

Recreation & Travel

                   
$            600       

SeaWorld Parks & Entertainment, Inc., Rule 144A, Senior Secured Notes
(Callable 05/01/22 @ 104.38)(1)

     (BB-, Ba3)        05/01/25          8.750        $        627,678  
  2,150       

Six Flags Entertainment Corp., Rule 144A, Company Guaranteed Notes
(Callable 03/03/22 @ 101.22)(1)

     (B-, B3)        07/31/24          4.875          2,152,612  
  477       

Six Flags Entertainment Corp., Rule 144A, Company Guaranteed Notes
(Callable 04/15/22 @ 102.75)(1)

     (B-, B3)        04/15/27          5.500          481,629  
  400       

Six Flags Theme Parks, Inc., Rule 144A, Senior Secured Notes
(Callable 07/01/22 @ 103.50)(1)

     (BB-, Ba2)        07/01/25          7.000          417,476  
  3,135       

Speedway Funding II, Inc., Rule 144A, Senior Unsecured Notes
(Callable 11/01/22 @ 102.44)(1)

     (BB-, B2)        11/01/27          4.875          3,154,500  
                        

 

 

 
                           13,778,523  
                        

 

 

 
                        
 

Software - Services (4.8%)

                   
  3,160       

Austin BidCo, Inc., Rule 144A, Senior Unsecured Notes
(Callable 12/15/23 @ 103.56)(1)

     (CCC+, Caa2)        12/15/28          7.125          3,213,673  
  600       

Booz Allen Hamilton, Inc., Rule 144A, Company Guaranteed Notes
(Callable 07/01/24 @ 102.00)(1)

     (BB-, Baa3)        07/01/29          4.000          593,436  
  350       

CA Magnum Holdings, Rule 144A, Senior Secured Notes
(Callable 10/31/23 @ 102.69)(1)

     (NR, B1)        10/31/26          5.375          357,332  
  890       

CDK Global, Inc., Global Senior Unsecured Notes
(Callable 06/01/22 @ 102.44)

     (BB+, Ba1)        06/01/27          4.875          917,545  
  1,950       

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

     (B+, B1)        07/15/29          4.125          1,824,001  
  2,075       

Endure Digital, Inc., Rule 144A, Senior Unsecured Notes
(Callable 02/15/24 @ 103.00)(1)

     (CCC+, Caa2)        02/15/29          6.000          1,849,147  
  388       

GD Finance Co., Inc., Rule 144A, Company Guaranteed Notes
(Callable 06/01/22 @ 102.63)(1)

     (BB-, Ba3)        12/01/27          5.250          398,088  
  646       

II-VI, Inc. Rule 144A, Company Guaranteed Notes
(Callable 12/14/24 @ 102.50)(1)

     (B+, B2)        12/15/29          5.000          645,816  
  350       

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

     (BB, Ba2)        12/01/31          4.125          338,223  
  850       

Presidio Holdings, Inc., Rule 144A, Company Guaranteed Notes
(Callable 02/01/23 @ 104.13)(1)

     (CCC+, Caa1)        02/01/28          8.250          898,454  
  1,150       

SS&C Technologies, Inc., Rule 144A, Company Guaranteed Notes
(Callable 03/30/22 @ 104.13)(1)

     (B+, B2)        09/30/27          5.500          1,189,238  
                        

 

 

 
                           12,224,953  
                        

 

 

 
                        
 

Specialty Retail (3.3%)

                   
  61       

Asbury Automotive Group, Inc., Global Company Guaranteed Notes
(Callable 03/01/23 @ 102.25)

     (BB, B1)        03/01/28          4.500          60,671  
  733       

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

     (BB, B1)        03/01/30          4.750          723,544  
  300       

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

     (BB, B1)        11/15/29          4.625          296,118  
  300       

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

     (BB, B1)        02/15/32          5.000          298,175  
  1,425       

eG Global Finance PLC, Rule 144A, Senior Secured Notes
(Callable 03/03/22 @ 104.25)(1)

     (B-, B3)        10/30/25          8.500          1,446,375  
  600       

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

     (BB-, B2)        05/01/29          4.875          578,979  
  300       

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

     (BB+, Ba2)        02/15/31          3.750          283,202  
  2,800       

Ruyi U.S. Finance LLC, Rule 144A, Senior Secured Notes
(Callable 03/03/22 @ 105.63)(1)

     (NR, Caa1)        05/01/25          7.500          2,524,396  
  1,725       

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

     (BB-, B1)        11/15/31          4.875          1,670,628  
  675       

Wolverine World Wide, Inc., Rule 144A, Company Guaranteed Notes
(Callable 08/15/24 @ 102.00)(1)

     (BB-, Ba2)        08/15/29          4.000          649,471  
                        

 

 

 
                           8,531,559  
                        

 

 

 
                        
 

Support - Services (6.8%)

                   
  471       

Allied Universal Finance Corp., Rule 144A, Senior Secured Notes
(Callable 06/01/24 @ 102.31)(1)

     (B, B2)        06/01/28          4.625          452,115  
  1,179       

Allied Universal Finance Corp., Rule 144A, Senior Secured Notes
(Callable 06/01/24 @ 102.31)(1)

     (B, B2)        06/01/28          4.625          1,117,238  
  1,950       

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

     (CCC+, Caa1)        06/01/29          6.000          1,851,291  

 

 

 


Credit Suisse High Yield Bond Fund

Schedule of Investments (continued)

January 31, 2022 (unaudited)

 

Par
(000)
             

Ratings†

  (S&P/Moody’s)  

       Maturity            Rate%            Value    
                        
 

CORPORATE BONDS (continued)

                   
 

Support - Services

                   
$            600       

Clarivate Science Holdings Corp., Rule 144A, Company Guaranteed Notes
(Callable 06/30/24 @ 102.44)(1)

     (CCC+, Caa1)        07/01/29          4.875        $        573,648  
  2,400       

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

     (B, B1)        05/01/28          4.500          2,303,280  
  2,765       

Gems Education Delaware LLC, Rule 144A, Senior Secured Notes
(Callable 07/31/22 @ 103.56)(1)

     (B-, B3)        07/31/26          7.125          2,844,964  
  3,000       

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

     (B, B2)        05/01/29          4.625          2,918,310  
  600       

Pike Corp. Rule 144A, Company Guaranteed Notes
(Callable 09/01/23 @ 102.75)(1)

     (CCC+, B3)        09/01/28          5.500          587,460  
  750       

WESCO Distribution, Inc., Rule 144A, Company Guaranteed Notes
(Callable 06/15/22 @ 103.56)(1)

     (BB-, B1)        06/15/25          7.125          786,480  
  750       

WESCO Distribution, Inc., Rule 144A, Company Guaranteed Notes
(Callable 06/15/23 @ 103.63)(1)

     (BB-, B1)        06/15/28          7.250          804,428  
  2,300       

White Cap Buyer LLC, Rule 144A, Senior Unsecured Notes
(Callable 10/15/23 @ 103.44)(1)

     (CCC+, Caa1)        10/15/28          6.875          2,362,767  
  865       

Williams Scotsman International, Inc., Rule 144A, Senior Secured Notes
(Callable 08/15/23 @ 102.31)(1)

     (B+, B2)        08/15/28          4.625          873,922  
                        

 

 

 
                           17,475,903  
                        

 

 

 
                        
 

Tech Hardware & Equipment (2.4%)

                   
  1,690       

CommScope Technologies LLC, Rule 144A, Company Guaranteed Notes
(Callable 02/11/22 @ 102.00)(1)

     (CCC+, B3)        06/15/25          6.000          1,644,894  
  1,135       

CommScope Technologies LLC, Rule 144A, Company Guaranteed Notes
(Callable 03/15/22 @ 102.50)(1)

     (CCC+, B3)        03/15/27          5.000          1,013,243  
  150       

CommScope, Inc., Rule 144A, Company Guaranteed Notes
(Callable 03/03/22 @ 104.13)(1)

     (CCC+, B3)        03/01/27          8.250          147,000  
  615       

CommScope, Inc., Rule 144A, Senior Secured Notes
(Callable 09/01/24 @ 102.38)(1)

     (B, Ba3)        09/01/29          4.750          590,034  
  1,800       

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

     (BB-, B1)        05/15/29          4.750          1,754,082  
  900       

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

     (BB-, B1)        11/15/28          4.125          878,629  
                        

 

 

 
                           6,027,882  
                        

 

 

 
                        
 

Telecom - Wireline Integrated & Services (3.0%)

                   
  2,485       

Altice France S.A., Rule 144A, Senior Secured Notes
(Callable 09/15/23 @ 102.56)(1)

     (B, B2)        01/15/29          5.125          2,313,995  
  300       

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

     (B, B2)        07/15/29          5.125          278,177  
  1,800       

Ciena Corp., Rule 144A, Company Guaranteed Notes
(Callable 01/31/25 @ 102.00)(1)

     (BB, Ba1)        01/31/30          4.000          1,784,844  
  4,000       

GTT Communications, Inc., Rule 144A, Company Guaranteed Notes
(Callable 03/03/22 @ 101.97)(1),(5)

     (NR, Wr)        12/31/24          0.000          520,000  
  1,800       

LCPR Senior Secured Financing DAC, Rule 144A, Senior Secured Notes
(Callable 10/15/22 @ 103.38)(1)

     (B+, B1)        10/15/27          6.750          1,873,498  
  300       

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

     (B+, B1)        07/15/29          5.125          294,721  
  600       

Zayo Group Holdings, Inc., Rule 144A, Senior Unsecured Notes
(Callable 03/01/23 @ 103.06)(1)

     (CCC+, Caa1)        03/01/28          6.125          568,374  
                        

 

 

 
                           7,633,609  
                        

 

 

 
                        
 

Theaters & Entertainment (2.1%)

                   
  2,374       

AMC Entertainment Holdings, Inc.,10.00% Cash, 12.00% PIK, Rule 144A, Secured Notes
(Callable 06/15/23 @ 106.00)(1),(10)

     (CCC-, Ca)        06/15/26          10.000          2,232,058  
  2,200       

Live Nation Entertainment, Inc., Rule 144A, Company Guaranteed Notes
(Callable 03/03/22 @ 101.22)(1)

     (B-, B3)        11/01/24          4.875          2,208,404  
  400       

Live Nation Entertainment, Inc., Rule 144A, Company Guaranteed Notes
(Callable 03/03/22 @ 104.22)(1)

     (B-, B3)        03/15/26          5.625          407,422  
  500       

Live Nation Entertainment, Inc., Rule 144A, Company Guaranteed Notes
(Callable 10/15/22 @ 103.56)(1)

     (B-, B3)        10/15/27          4.750          493,750  
                        

 

 

 
                           5,341,634  
                        

 

 

 
                        
 

Transport Infrastructure/Services (0.6%)

                   
  1,600       

Navios Maritime Finance II U.S., Inc., Rule 144A, Senior Secured Notes
(Callable 02/11/22 @ 100.00)(1)

     (B, Caa1)        08/15/22          11.250          1,596,640  
                        

 

 

 

 

 

 


Credit Suisse High Yield Bond Fund

Schedule of Investments (continued)

January 31, 2022 (unaudited)

 

Par
(000)
             

Ratings†

  (S&P/Moody’s)  

       Maturity            Rate%            Value    
                        
 

CORPORATE BONDS (continued)

                   
 

Trucking & Delivery (0.5%)

                   
$        1,200       

XO Management Holdings, Inc., Rule 144A, Senior Unsecured Notes
(Callable 02/01/25 @ 103.19)(1)

     (B-, Caa1)        02/01/30          6.375        $     1,194,552  
                        

 

 

 
 

TOTAL CORPORATE BONDS (Cost $251,942,187)

                      243,679,618  
                        

 

 

 
                   
 

BANK LOANS (33.3%)

                   
 

Aerospace & Defense (1.2%)

                   
  1,500       

Amentum Government Services Holdings LLC, LIBOR 1M + 8.750%(7),(11)

     (NR, NR)        01/31/28          10.000          1,511,250  
  400       

Amentum Government Services Holdings LLC(7),(8),(12)

     (B, B1)        03/31/27          0.000          398,000  
  1,250       

Peraton Corp., LIBOR 1M + 7.750%(11)

     (NR, NR)        02/01/29          8.500          1,280,469  
                        

 

 

 
                           3,189,719  
                        

 

 

 
                        
 

Auto Parts & Equipment (0.7%)

                   
  951       

Dayco Products LLC, LIBOR 3M + 4.250%(11)

     (CCC+, B3)        05/19/23          4.425          938,659  
  346       

Jason Group, Inc., LIBOR 3M + 1.000% Cash, 9.000% PIK(10),(11)

     (CCC-, Caa3)        03/02/26          10.300          342,148  
  495       

Jason Group, Inc., LIBOR 3M + 2.000% Cash, 4.000% PIK(10),(11)

     (B-, Caa1)        08/28/25          7.000          492,147  
                        

 

 

 
                           1,772,954  
                        

 

 

 
                        
 

Banking (0.5%)

                   
  1,346       

Citco Funding LLC, LIBOR 3M + 2.500%(11)

     (NR, Ba3)        09/28/23          2.658          1,345,066  
                        

 

 

 
                        
 

Chemicals (6.6%)

                   
  2,200       

Ascend Performance Materials Operations LLC, LIBOR 3M + 4.750%(11)

     (BB-, B1)        08/27/26          5.500          2,211,831  
  5,279       

Atotech B.V., LIBOR 1M + 2.500%(11)

     (B+, B1)        03/18/28          3.000          5,275,936  
  1,127       

Ferro Corp. (Term Loan B1), LIBOR 3M + 2.250%(11)

     (BB-, Ba3)        02/14/24          2.470          1,126,188  
  296       

Ferro Corp. (Term Loan B2), LIBOR 3M + 2.250%(11)

     (BB-, Ba3)        02/14/24          2.470          295,842  
  290       

Ferro Corp. (Term Loan B3), LIBOR 3M + 2.250%(11)

     (BB-, Ba3)        02/14/24          2.470          289,547  
  2,644       

PMHC II, Inc., LIBOR 3M + 3.500%(11)

     (B-, B3)        03/31/25          4.500          2,636,975  
  2,268       

Polar U.S. Borrower LLC, LIBOR 1M + 4.750%, LIBOR 3M + 4.750%(11)

     (B-, B3)        10/15/25          4.854 - 4.988          2,270,843  
  93       

UTEX Industries, Inc., LIBOR 1M + 5.250%(11)

     (NR, NR)        12/03/25          11.000          92,129  
  2,000       

Vantage Specialty Chemicals, Inc., LIBOR 3M + 8.250%(6),(11)

     (CCC-, Caa3)        10/27/25          9.250          1,965,000  
  878       

Zep, Inc., LIBOR 3M + 4.000%(11)

     (CCC+, B2)        08/12/24          5.000          857,616  
                        

 

 

 
                           17,021,907  
                        

 

 

 
                        
 

Diversified Capital Goods (0.7%)

                   
  1,015       

Electrical Components International, Inc., PRIME + 7.500%(7),(11)

     (B-, B2)        06/26/25          7.500          1,012,363  
  707       

GrafTech Finance, Inc., LIBOR 1M + 3.000%(11)

     (BB, Ba3)        02/12/25          3.500          708,127  
                        

 

 

 
                           1,720,490  
                        

 

 

 
                        
 

Electronics (2.2%)

                   
  999       

CPI International, Inc., LIBOR 1M + 7.250%(6),(7),(11)

     (CCC, Caa2)        07/26/25          7.355          954,405  
  2,250       

EXC Holdings III Corp., LIBOR 3M + 7.500%(11)

     (CCC+, Caa1)        12/01/25          8.500          2,262,667  
  2,410       

Idemia Group, LIBOR 3M + 4.500%(11)

     (B-, B3)        01/09/26          5.250          2,414,869  
                        

 

 

 
                           5,631,941  
                        

 

 

 
                        
 

Energy - Exploration & Production (0.1%)

                   
  2,635       

PES Holdings LLC, 3.000% PIK(5),(10),(11)

     (NR, NR)        12/31/22          3.000          177,829  
                        

 

 

 
                        
 

Food & Drug Retailers (0.5%)

                   
  1,200       

WOOF Holdings, Inc., LIBOR 6M + 7.250%(7),(11)

     (CCC, Caa2)        12/21/28          8.000          1,210,500  
                        

 

 

 
                        
 

Food - Wholesale (0.3%)

                   
  815       

United Natural Foods, Inc., LIBOR 1M + 3.250%(11)

     (BB-, B1)        10/22/25          3.355          816,311  
                        

 

 

 
                        
 

Gas Distribution (1.5%)

                   
  1,083       

BCP Renaissance Parent LLC, LIBOR 3M +
3.500%(11)

     (B, B2)        10/31/24          4.500          1,083,931  
  963       

BCP Renaissance Parent LLC, LIBOR 3M +
3.500%(11)

     (B, B2)        11/01/24          3.675          960,729  
  1,785       

Traverse Midstream Partners LLC, SOFR 1M + 4.250%(11)

     (B, B3)        09/27/24          5.250          1,785,899  
                        

 

 

 
                           3,830,559  
                        

 

 

 
                        
 

Health Services (2.1%)

                   
  2,200       

Athenahealth, Inc., LIBOR 3M + 4.250%(11)

     (B, B2)        02/11/26          4.400          2,202,321  
  834       

Carestream Health, Inc., LIBOR 3M + 6.750%(11)

     (B-, B1)        05/08/23          7.750          836,829  

 

 

 


Credit Suisse High Yield Bond Fund

Schedule of Investments (continued)

January 31, 2022 (unaudited)

 

Par
(000)
             

Ratings†
  (S&P/Moody’s)  

       Maturity            Rate%            Value    
                                            
                   
 

BANK LOANS (continued)

                   
 

Health Services

                   
$        2,401       

U.S. Radiology Specialists, Inc., LIBOR 3M + 5.250%(11)

     (B-, B3)        12/10/27          5.750        $     2,403,422  
                        

 

 

 
                           5,442,572  
                        

 

 

 
                        
 

Investments & Misc. Financial Services (1.4%)

                   
  2,329       

AqGen Ascensus, Inc., LIBOR 3M + 6.500%(11)

     (CCC, Caa2)        08/02/29          7.000          2,341,820  
  1,298       

Deerfield Dakota Holding LLC, LIBOR 1M + 6.750%(11)

     (CCC, Caa2)        04/07/28          7.500          1,326,473  
  143       

Ditech Holding Corp.(5),(9)

     (NR, NR)        06/30/22          0.000          28,791  
                        

 

 

 
                           3,697,084  
                        

 

 

 
                        
 

Life Insurance (0.5%)

                   
  1,365       

Vida Capital, Inc., LIBOR 1M + 6.000%(11)

     (B-, B2)        10/01/26          6.105          1,266,037  
                        

 

 

 
                        
 

Machinery (0.7%)

                   
  1,223       

LTI Holdings, Inc., LIBOR 1M + 6.750%(6),(11)

     (CCC+, Caa2)        09/06/26          6.855          1,220,471  
  586       

LTI Holdings, Inc., LIBOR 1M + 3.500%(11)

     (B-, B2)        09/06/25          3.605          581,476  
                        

 

 

 
                           1,801,947  
                        

 

 

 
                        
 

Medical Products (1.3%)

                   
  1,449       

ABB Concise Optical Group LLC, LIBOR 3M + 5.000%(11)

     (CCC, B3)        06/15/23          6.000          1,402,551  
  919       

Femur Buyer, Inc., LIBOR 3M + 0.500%(7),(11)

     (NR, NR)        03/05/24          0.500          826,897  
  990       

Viant Medical Holdings, Inc., LIBOR 1M + 6.250%(7),(11)

     (CCC+, B3)        07/02/25          7.250          989,874  
                        

 

 

 
                           3,219,322  
                        

 

 

 
                        
 

Packaging (0.2%)

                   
  800       

Strategic Materials, Inc., LIBOR 3M + 7.750%(6),(7),(11)

     (CC, C)        10/31/25          8.750          460,000  
                        

 

 

 
                        
 

Personal & Household Products (1.6%)

                   
  1,200       

ABG Intermediate Holdings 2 LLC, SOFR 3M +
6.000%(7),(11)

     (CCC+, Caa1)        12/20/29          6.500          1,216,500  
  1,743       

Serta Simmons Bedding, LLC, LIBOR 1M + 7.500%(11)

     (B, B2)        08/10/23          8.500          1,759,383  
  1,056       

Serta Simmons Bedding, LLC, LIBOR 1M + 7.500%(11)

     (B-, Caa2)        08/10/23          8.500          1,012,534  
                        

 

 

 
                           3,988,417  
                        

 

 

 
                        
 

Pharmaceuticals (0.5%)

                   
  1,177       

Akorn, Inc., LIBOR 3M + 7.500%(11)

     (CCC+, Caa2)        10/01/25          8.500          1,191,663  
                        

 

 

 
                           1,191,663  
                        

 

 

 
                        
 

Real Estate Investment Trusts (0.3%)

                   
                        
  839       

Blackstone Mortgage Trust, Inc., LIBOR 1M + 2.750%(11)

     (B+, Ba2)        04/23/26          3.250          836,253  
                        

 

 

 
                        
 

Recreation & Travel (1.8%)

                   
  959       

Bulldog Purchaser, Inc., LIBOR 3M + 7.750%(7),(11)

     (CCC-, Caa3)        09/04/26          7.925          920,640  
  1,834       

Bulldog Purchaser, Inc., LIBOR 3M + 3.750%(11)

     (B-, B3)        09/05/25          3.925          1,785,507  
  797       

Hornblower Sub LLC, LIBOR 3M + 4.500%(11)

     (CCC-, Caa2)        04/27/25          5.500          754,262  
  1,082       

Hornblower Sub LLC, LIBOR 3M + 8.125%(11)

     (NR, NR)        11/10/25          9.125          1,126,677  
                        

 

 

 
                           4,587,086  
                        

 

 

 
                        
 

Restaurants (0.1%)

                   
  23       

Golden Nugget, Inc., LIBOR 1M + 12.000%(7),(11)

     (NR, NR)        10/04/23          13.000          24,236  
  300       

Tacala LLC, LIBOR 1M + 7.500%(11)

     (CCC, Caa2)        02/04/28          8.250          300,469  
                        

 

 

 
                           324,705  
                        

 

 

 
                        
 

Software - Services (3.6%)

                   
  1,727       

Aston FinCo Sarl, LIBOR 1M + 4.250%(11)

     (B-, B2)        10/09/26          4.355          1,721,403  
  2,560       

Epicor Software Corp., LIBOR 1M + 7.750%(11)

     (CCC, Caa2)        07/31/28          8.750          2,620,813  
  690       

Finastra U.S.A., Inc., LIBOR 3M + 3.500%(11)

     (B-, B2)        06/13/24          4.500          688,330  
  3,511       

Finastra U.S.A., Inc., LIBOR 3M + 7.250%(11)

     (CCC, Caa2)        06/13/25          8.250          3,518,421  
  717       

Project Leopard Holdings, Inc., LIBOR 3M + 4.750%(11)

     (B, B2)        07/07/24          5.750          719,465  
                        

 

 

 
                           9,268,432  
                        

 

 

 
                        
 

Support - Services (1.9%)

                   
  3,371       

Change Healthcare Holdings LLC, LIBOR 1M +
2.500%(11)

     (B+, B1)        03/01/24          3.500          3,371,261  
  600       

LaserShip, Inc.(12)

     (CCC, Caa2)        05/07/29          0.000          605,625  
  244       

Nuvei Technologies Corp., LIBOR 1M + 2.500%(11)

     (B+, Ba3)        09/28/25          3.000          242,375  
  600       

TruGreen LP(7),(12)

     (CCC+, Caa1)        11/02/28          0.000          604,875  
                        

 

 

 
                           4,824,136  
                        

 

 

 

 

 

 


Credit Suisse High Yield Bond Fund

Schedule of Investments (continued)

January 31, 2022 (unaudited)

 

Par
(000)
             

Ratings†
  (S&P/Moody’s)  

       Maturity            Rate%            Value    
                        
 

BANK LOANS (continued)

                   
 

Telecom - Wireline Integrated & Services (0.4%)

                   
$       1,125       

TVC Albany, Inc., LIBOR 1M + 7.500%(6),(7),(11)

     (CCC, Caa2)        07/23/26          7.610        $     1,094,062  
                        

 

 

 
                        
 

Theaters & Entertainment (2.6%)

                   
  3,450       

Metro-Goldwyn-Mayer, Inc., LIBOR 1M + 4.500%(11)

     (CCC+, B3)        07/03/26          5.500          3,456,020  
  727       

Technicolor S.A.(12)

     (B, Caa1)        06/30/24          0.000          765,945  
  2,374       

William Morris Endeavor Entertainment LLC, LIBOR 1M + 2.750%(11)

     (B, B3)        05/18/25          2.860          2,338,031  
                        

 

 

 
                           6,559,996  
                        

 

 

 
 

TOTAL BANK LOANS (Cost $87,708,068)

                      85,278,988  
                        

 

 

 
                        
 

ASSET BACKED SECURITIES (6.0%)

                   
 

Collateralized Debt Obligations (6.0%)

                   
  1,000       

Anchorage Capital CLO 15 Ltd., 2020-15A, Rule 144A, LIBOR 3M + 7.400%(1),(11)

     (NR, Ba3)        07/20/34          7.654          997,507  
  1,250       

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

     (NR, Ba3)        04/27/39          6.659          1,104,734  
  1,500       

Anchorage Credit Opportunities CLO 1 Ltd., 2019-1A, Rule 144A, LIBOR 3M + 7.550%(1),(11)

     (BB-, NR)        01/20/32          7.804          1,501,938  
  1,250       

Battalion CLO 18 Ltd., 2020-18A, Rule 144A, LIBOR 3M + 6.710%(1),(11)

     (BB-, NR)        10/15/36          6.951          1,228,877  
  1,250       

Benefit Street Partners CLO X Ltd., 2016-10A, Rule 144A, LIBOR 3M + 6.750%(1),(11)

     (BB-, NR)        04/20/34          7.004          1,230,409  
  1,500       

Cedar Funding VI CLO Ltd., 2016-6A, Rule 144A, LIBOR 3M + 6.720%(1),(11)

     (BB-, NR)        04/20/34          6.974          1,465,263  
  1,500       

KKR CLO Ltd., Rule 144A, LIBOR 3M + 6.150%(1),(11)

     (NR, B1)        07/15/31          6.391          1,451,658  
  1,500       

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

     (BB-, NR)        10/20/34          7.364          1,489,444  
  1,500       

Marble Point CLO XXIII Ltd., 2021-4A, Rule 144A, LIBOR 3M + 5.750%(1),(11)

     (NR, Ba1)        01/22/35          5.843          1,495,863  
  1,000       

Oaktree CLO Ltd., 2019-4A, Rule 144A, LIBOR 3M + 7.230%(1),(11)

     (BB-, NR)        10/20/32          7.484          999,113  
  1,500       

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

     (NR, Baa2)        04/20/37          5.459          1,496,994  
  1,000       

Venture 41 CLO Ltd., 2021-41A, Rule 144A, LIBOR 3M + 7.710%(1),(11)

     (BB-, NR)        01/20/34          7.964          986,908  
                        

 

 

 
 

TOTAL ASSET BACKED SECURITIES (Cost $15,422,434)

                      15,448,708  
                        

 

 

 
                        
Number of
Shares
                                          
                        
 

COMMON STOCKS (0.7%)

                   
 

Auto Parts & Equipment (0.1%)

                   
  27,589       

Jason Group, Inc.(9)

                      289,685  
                        

 

 

 
                        
 

Chemicals (0.3%)

                   
  5,400       

Project Investor Holdings LLC(6),(7),(8),(9)

                      54  
  89,998       

Proppants Holdings LLC(6),(7),(8),(9)

                      900  
  15,074       

UTEX Industries, Inc.(9)

                      798,922  
                        

 

 

 
                           799,876  
                        

 

 

 
                        
 

Energy - Exploration & Production (0.0%)

                   
  111,570       

PES Energy, Inc.(6),(7),(8),(9)

                      1,116  
                        

 

 

 
                        
 

Pharmaceuticals (0.3%)

                   
  68,837       

Akorn Holding Company LLC(9)

                      622,416  
                        

 

 

 
                        
 

Support - Services (0.0%)

                   
  2,100       

LTR Holdings LLC(6),(7),(8),(9)

                      12,353  
  865       

Sprint Industrial Holdings LLC, Class G(6),(7),(8),(9)

                       
  78       

Sprint Industrial Holdings LLC, Class H(6),(7),(8),(9)

                       
  192       

Sprint Industrial Holdings LLC, Class I(6),(7),(8),(9)

                      1,000  
                        

 

 

 
                           13,353  
                        

 

 

 
 

TOTAL COMMON STOCKS (Cost $3,938,851)

                      1,726,446  
                        

 

 

 
                        
 

WARRANT (0.0%)

                   
 

Chemicals (0.0%)

                   
  22,499       

Project Investor Holdings LLC, expires 02/20/2022(6),(7),(8),(9)
(Cost $11,699)

                  
                        

 

 

 
                        
 

SHORT-TERM INVESTMENTS (6.9%)

                   
  10,690,471       

State Street Institutional U.S. Government Money Market Fund - Premier Class, 0.03%

                      10,690,471  
  7,041,868       

State Street Navigator Securities Lending Government Money Market Portfolio, 0.05%(13)

                      7,041,868  

 

 

 


Credit Suisse High Yield Bond Fund

Schedule of Investments (continued)

January 31, 2022 (unaudited)

 

Number of
Shares
                                                                                                                   Value    
                        

TOTAL SHORT-TERM INVESTMENTS (Cost $17,732,339)

                    $ 17,732,339  
                        

 

 

 
                        

TOTAL INVESTMENTS AT VALUE (142.0%) (Cost $376,755,578)

                      363,866,099  
                        

LIABILITIES IN EXCESS OF OTHER ASSETS (-44.7%)

                      (107,540,663
                        

 

 

 
                        

NET ASSETS (100.0%)

                    $ 256,325,436  
                        

 

 

 

 

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 January 31, 2022, these securities amounted to a value of $239,492,068 or 93.4% of net assets.

(2)

Security or portion thereof is out on loan.

(3)

This security is denominated in British Pound.

(4)

This security is denominated in Euro.

(5)

Bond is currently in default.

(6)

Illiquid security (unaudited).

(7)

Security is valued using significant unobservable inputs.

(8)

Not readily marketable security; security is valued at fair value as determined in good faith by, or under the direction of, the Board of Trustees.

(9)

Non-income producing security.

(10)

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

(11)

Variable rate obligation — The interest rate shown is the rate in effect as of January 31, 2022. The rate may be subject to a cap and floor.

(12)

The rates on certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. The interest rate shown is the rate in effect as of January 31, 2022.

(13)

Represents security purchased with cash collateral received for securities on loan. The rate shown is the annualized one-day yield at January 31, 2022.

INVESTMENT ABBREVIATIONS

1M = 1 Month

3M = 3 Month

6M = 6 Month

LIBOR = London Interbank Offered Rate

NR = Not Rated

Sarl – société à responsabilité limitée

SOFR = Secured Overnight Financing Rate

Forward Foreign Currency Contracts

 

Forward

Currency to be

Purchased (Local)

    

Forward

Currency to be

Sold (Local)

    

    Expiration    
Date

  

Counterparty

   Value on
Settlement Date
    Current Value/
Notional
    Net Unrealized
Appreciation
 

USD

    1,386,800     

EUR

     1,180,363      10/12/22    Deutsche Bank AG    $ (1,386,800   $ (1,334,826   $ 51,974  

USD

    1,458,326     

GBP

     1,072,843      10/12/22    Deutsche Bank AG          (1,458,326         (1,437,638     20,688  
                    

 

 

 
                    
                     $         72,662  
                    

 

 

 

Forward Foreign Currency Contracts

 

Forward

Currency to be
Purchased (Local)

    

Forward

Currency to be
Sold (Local)

    

    Expiration    

Date

  

Counterparty

   Value on
Settlement Date
     Current Value/
Notional
     Net Unrealized
Depreciation
 

EUR

    28,981     

USD

     34,034      10/12/22    Deutsche Bank AG    $ 34,034      $ 32,774      $ (1,260

EUR

    31,612     

USD

     35,854      10/12/22    Morgan Stanley          35,854            35,749        (105

GBP

    50,000     

USD

     67,835      10/12/22    Deutsche Bank AG      67,835        67,001        (834
                       $ (2,199
                      

 

 

 
                      
                       $         70,463  
                      

 

 

 

 

 

 

 


Credit Suisse High Yield Bond Fund

Schedule of Investments (continued)

January 31, 2022 (unaudited)

 

Currency Abbreviations:

EUR = Euro

GBP = British Pound

USD = United States Dollar

 

 

 


                    

 

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

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

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

 

    

Level  1–quoted prices in active markets for identical investments

    

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

 

 

 


                    

 

    

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

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

The following is a summary of the inputs used as of January 31, 2022 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

   $      $ 243,655,951      $ 23,667     $ 243,679,618  

Bank Loans

            74,055,386        11,223,602       85,278,988  

Asset Backed Securities

            15,448,708              15,448,708  

Common Stocks

            1,711,023        15,423       1,726,446  

Warrants

                   0 (1)      0 (1) 

Short-term Investments

     10,690,471        7,041,868              17,732,339  
  

 

 

    

 

 

    

 

 

   

 

 

 
   $     10,690,471      $     341,912,936      $     11,262,692     $     363,866,099  
  

 

 

    

 

 

    

 

 

   

 

 

 

Other Financial Instruments*

 

 

Forward Foreign Currency Contracts

   $      $ 72,662      $     $ 72,662  
          

Liabilities    

   Level 1      Level 2      Level 3     Total  

Other Financial Instruments*

 

 

Forward Foreign Currency Contracts

   $      $ 2,199      $     $ 2,199  

 

*

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

(1)

Includes zero valued securities.

The following is a reconciliation of investments as of January 31, 2022 for which significant unobservable inputs were used in determining fair value.

 

     Corporate
Bonds
     Bank
Loans
    Common
Stocks
    Warrants     Total  

Balance as of October 31, 2021

   $ 21,167      $ 11,031,015     $ 189,235     $ 0 (1)    $ 11,241,417  

Accrued discounts (premiums)

            34,781                   34,781  

Purchases

            3,070,782                   3,070,782  

Sales

        (1,108,980                 (1,108,980

Realized gain (loss)

            (744     (92,969           (93,713

Change in unrealized appreciation (depreciation)

     2,500        84,899       (80,843           6,556  

Transfers into Level 3

            2,721,750                   2,721,750  

Transfers out of Level 3

            (4,609,901                 (4,609,901
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Balance as of January 31, 2021

   $     23,667      $ 11,223,602     $ 15,423     $            0 (1)    $ 11,262,692  
  

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Net change in unrealized appreciation (depreciation)
from investments still held as of January 31, 2022

   $ 2,500      $ (1,539   $ (173,812   $     $ (172,851

 

(1)

Includes zero valued securities.

Quantitative Disclosure About Significant Unobservable Inputs

 

Asset Class    

   Fair Value At
01/31/2022
    

Valuation

Technique

  

Unobservable

Input

  

Range

(Weighted Average)*

Bank Loans

   $ 10,825,602      Vendor pricing    Single Broker Quote    $0.58 – $1.07 ($0.97)
     398,000      Recent Transactions    Trade Price    $1.00 (N/A)

Common Stocks

   $ 2,070      Income Approach    Expected Remaining Distribution    $0.00 – $0.01 ($0.01)
     13,353      Recent Transactions    Trade Price    $5.22 – $5.88 ($5.83)

Corporate Bonds

   $ 3,667      Income Approach    Expected Remaining Distribution    $0.01 (N/A)
     20,000      Vendor pricing    Single Broker Quote    $0.01 (N/A)

Warrants

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

 

*

Weighted by relative fair value

Information Classification: Limited Access

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

During the period ended January 31, 2022, $2,721,750 was transferred from Level 2 to Level 3 due to a lack of a pricing source supported by observable inputs and $4,609,901 transferred from Level 3 to Level 2 as a result of the availability of a pricing source supported by observable inputs. All transfers, if any, are assumed to occur at the end of the reporting period.

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