N-CSRS 1 a09-14223_11ncsrs.htm N-CSRS

 

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 number

811-05041

 

CREDIT SUISSE LARGE CAP GROWTH FUND

(Exact name of registrant as specified in charter)

 

Eleven Madison Avenue, New York, New York

 

10010

(Address of principal executive offices)

 

(Zip code)

 

J. Kevin Gao, Esq.

Credit Suisse Large Cap Growth Fund

Eleven Madison Avenue

New York, New York  10010

(Name and address of agent for service)

 

Registrant’s telephone number, including area code:

(212) 325-2000

 

 

Date of fiscal year end:

October 31

 

 

Date of reporting period:

November 1, 2008 to April 30, 2009

 

 



 

Item 1. Reports to Stockholders.

 



CREDIT SUISSE FUNDS

Semiannual Report

April 30, 2009
(unaudited)

n  CREDIT SUISSE
  LARGE CAP GROWTH FUND

n  CREDIT SUISSE
  MID-CAP CORE FUND

The Funds' investment objectives, risks, charges and expenses (which should be considered carefully before investing), and more complete information about the Funds, are provided in the Prospectus, which should be read carefully before investing. You may obtain additional copies by calling 877-870-2874 or by writing to Credit Suisse Funds, P.O. Box 55030, Boston, MA 02205-5030.

Credit Suisse Asset Management Securities, Inc., Distributor, is located at Eleven Madison Avenue, New York, NY 10010. Credit Suisse Funds are advised by Credit Suisse Asset Management, LLC.



Investors in the Credit Suisse Funds should be aware that they may be eligible to purchase Common Class and/or Advisor Class shares (where offered) directly or through certain intermediaries. Such shares are not subject to a sales charge but may be subject to an ongoing service and distribution fee of up to 0.50% of average daily net assets. Investors in the Credit Suisse Funds should also be aware that they may be eligible for a reduction or waiver of the sales charge with respect to Class A, B or C shares (where offered). For more information, please review the relevant prospectuses or consult your financial representative.

The views of the Funds' management are as of the date of the letter and the Fund holdings described in this document are as of April 30, 2009; these views and Fund holdings may have changed subsequent to these dates. Nothing in this document is a recommendation to purchase or sell securities.

Fund shares are not deposits or other obligations of Credit Suisse Asset Management, LLC ("Credit Suisse") or any affiliate, are not FDIC-insured and are not guaranteed by Credit Suisse or any affiliate. Fund investments are subject to investment risks, including loss of your investment.




Credit Suisse Large Cap Growth Fund
Semiannual Investment Adviser's Report
April 30, 2009 (unaudited)

June 2, 2009

Dear Shareholder:

Performance Summary
11/1/08 – 04/30/09

Fund and Benchmark   Performance  
Common Class1      (2.14 )%  
Advisor Class1      (2.43 )%  
Class A1,2      (2.25 )%  
Class B1,2      (2.63 )%  
Class C1,2      (2.63 )%  
Russell 1000® Growth Index3      (1.52 )%  

 

Performance shown for the Fund's Class A, Class B and Class C Shares does not reflect sales charges, which are a maximum of 5.75%, 4.00% and 1.00%, respectively.2

Market Review: Signs of a beginning recovery

The six-month period ended April 30, 2009, was a hopeful one for equities. April saw an overall rally in the performance of markets across the globe. For instance, the S&P 500 Total Return Index increased by 9.57%, bringing the six month performance to –8.53%.

The Dow Jones Industrial Average increased by 7.56% in April, ending the six-month period at –10.78%. Looking at large caps, the Russell 1000 Growth Index gained 9.60% to return –1.52% for the period.

As of month end, the target Federal Funds rate was being maintained at 0.00% - 0.25%, while the discount rate stood at 0.50%. Additionally, the Consumer Confidence Index was at 39.2 as of April 28, up from 26.9 in March. Further, the labor market continued to weaken, with non-farm payrolls falling by 539,000 jobs in April across nearly all major private-sector industries, while the household unemployment rate rose to 8.9%. Nine out of ten sectors within the S&P 500 posted positive returns, with financials as the biggest winner, gaining 22.17%. In contrast, the health care sector was down 0.89%.

On May 5, 2009, Federal Reserve Chairman Ben S. Bernanke provided a guardedly optimistic assessment of the state of the economy and advised a joint congressional economic committee that the economy appears to be on track for a recovery. On the other hand, this recovery is expected to be slow and unemployment is expected to continue to rise in the near term.


1



Credit Suisse Large Cap Growth Fund
Semiannual Investment Adviser's Report (continued)
April 30, 2009 (unaudited)

Strategic Review and Outlook: We are maintaining a long-term approach

For the semiannual period ending April 30, 2009, the Fund's shares underperformed the Russell 1000 Growth Index. Sector weightings in consumer staples, consumer cyclicals and transportation contributed positively to performance. Conversely, the main detractors from performance included financials, industrials and basic materials — also all due to sector weightings.

Although we expect the market to remain difficult in the near term, we are comfortable with our proactive, long-term investment strategy going forward.

Jordan Low
Portfolio Manager

In addition to historical information, this report contains forward-looking statements, which may concern, among other things, domestic and foreign market, 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 Fund adopted new investment strategies effective December 1, 2006 so that its holdings are selected using quantitative stock selection models rather than a more traditional fundamental analysis approach. Investors should be aware that performance information for periods prior to December 1, 2006 does not reflect the current investment strategies.


2



Credit Suisse Large Cap Growth Fund
Semiannual Investment Adviser's Report (continued)
April 30, 2009 (unaudited)

Average Annual Returns as of March 31, 20091

    1 Year   5 Years   10 Years   Since
Inception
  Inception
Date
 
Common Class     (35.05 )%     (6.35 )%     (4.69 )%     5.75 %   08/17/87  
Advisor Class     (35.35 )%     (6.81 )%     (5.16 )%     4.69 %   04/04/91  
Class A Without
Sales Charge
    (35.21 )%     (6.58 )%           (6.37 )%   11/30/01  
Class A With Maximum
Sales Charge
    (38.93 )%     (7.68 )%           (7.12 )%   11/30/01  
Class B Without CDSC     (35.70 )%     (7.29 )%           (7.07 )%   11/30/01  
Class B With CDSC     (38.26 )%     (7.29 )%           (7.07 )%   11/30/01  
Class C Without CDSC     (35.70 )%     (7.29 )%           (7.07 )%   11/30/01  
Class C With CDSC     (36.34 )%     (7.29 )%           (7.07 )%   11/30/01  

 

Average Annual Returns as of April 30, 20091

    1 Year   5 Years   10 Years   Since
Inception
  Inception
Date
 
Common Class     (31.03 )%     (4.26 )%     (3.83 )%     6.21 %   08/17/87  
Advisor Class     (31.41 )%     (4.74 )%     (4.32 )%     5.24 %   04/04/91  
Class A Without
Sales Charge
    (31.16 )%     (4.49 )%           (5.03 )%   11/30/01  
Class A With Maximum
Sales Charge
    (35.11 )%     (5.62 )%           (5.79 )%   11/30/01  
Class B Without CDSC     (31.74 )%     (5.21 )%           (5.75 )%   11/30/01  
Class B With CDSC     (34.45 )%     (5.21 )%           (5.75 )%   11/30/01  
Class C Without CDSC     (31.74 )%     (5.21 )%           (5.75 )%   11/30/01  
Class C With CDSC     (32.41 )%     (5.21 )%           (5.75 )%   11/30/01  

 

Returns represent past performance and include change in share price and reinvestment of dividends and capital gains. Past performance cannot guarantee future results. The current performance of the Fund may be lower or higher than the figures shown. Returns and share price will fluctuate, and redemption value may be more or less than original cost. The performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Performance information current to the most recent month-end is available at www.credit-suisse.com/us.

The annualized gross expense ratios are 2.06% for Common Class shares, 2.56% for Advisor Class shares, 2.31% for Class A shares, 3.06% for Class B shares and 3.06% for Class C shares. The annualized net expense ratios after fee waivers and/or expense reimbursements are 1.25% for Common Class shares, 1.75% for Advisor Class shares, 1.50% for Class A shares, 2.25% for Class B shares and 2.25% for Class C shares.

1  Fee waivers and/or expense reimbursements may reduce expenses for the Fund, without which performance would be lower. Waivers and/or reimbursements may be discontinued at any time.

2  Total return for the Fund's Class A shares for the reporting period, based on offering price (including maximum sales charge of 5.75%), was (7.90)%. Total return for the Fund's Class B shares for the reporting period, based on redemption value (including maximum contingent deferred sales charge of 4.00%), was (6.50)%. Total return for the Fund's Class C shares for the reporting period, based on redemption value (including maximum contingent deferred sales charge of 1.00%), was (3.60)%.

3  The Russell 1000® Growth Index measures the performance of those companies in the Russell 1000® Index with higher price-to-book ratios and higher forecasted growth values. It is an unmanaged index of common stocks that includes reinvestment of dividends and is compiled by Frank Russell Company. Investors cannot invest directly in an index.


3



Credit Suisse Large Cap Growth Fund
Semiannual Investment Adviser's Report (continued)
April 30, 2009 (unaudited)

Information About Your Fund's Expenses

As an investor of the Fund, you incur two types of costs: ongoing expenses and transaction costs. Ongoing expenses include management fees, distribution and service (12b-1) fees and other Fund expenses. Examples of transaction costs include sales charges (loads), redemption fees and account maintenance fees, which are not shown in this section and which would result in higher total expenses. The following table is intended to help you understand your ongoing expenses of investing in the Fund and to help you compare these expenses with the ongoing expenses of investing in other mutual funds. The table is based on an investment of $1,000 made at the beginning of the six month period ended April 30, 2009.

The table illustrates your Fund's expenses in two ways:

Actual Fund Return. This helps you estimate the actual dollar amount of ongoing expenses paid on a $1,000 investment in the Fund using the Fund's actual return during the period. To estimate the expenses you paid over the period, simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the "Expenses Paid per $1,000" line under the share class you hold.

Hypothetical 5% Fund Return. This helps you to compare your Fund's ongoing expenses with those of other mutual funds using the Fund's actual expense ratio and a hypothetical rate of return of 5% per year before expenses. Examples using a 5% hypothetical fund return may be found in the shareholder reports of other mutual funds. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period.

Please note that the expenses shown in these tables are meant to highlight your ongoing expenses only and do not reflect any transaction costs, such as sales charges (loads) or redemption fees. If these transaction costs had been included, your costs would have been higher. The "Expenses Paid per $1,000" line of the tables is useful in comparing ongoing expenses only and will not help you determine the relative total expenses of owning different funds.


4



Credit Suisse Large Cap Growth Fund
Semiannual Investment Adviser's Report (continued)
April 30, 2009 (unaudited)

Expenses and Value for a $1,000 Investment
for the six month period ended April 30, 2009

Actual Fund Return   Common
Class
  Advisor
Class
  Class A   Class B   Class C  
Beginning Account
Value 11/1/08
  $ 1,000.00     $ 1,000.00     $ 1,000.00     $ 1,000.00     $ 1,000.00    
Ending Account
Value 4/30/09
  $ 978.60     $ 975.70     $ 977.50     $ 973.70     $ 973.70    
Expenses Paid per $1,000*   $ 6.13     $ 8.57     $ 7.35     $ 11.01     $ 11.01    
Hypothetical 5%
Fund Return
 
Beginning Account
Value 11/1/08
  $ 1,000.00     $ 1,000.00     $ 1,000.00     $ 1,000.00     $ 1,000.00    
Ending Account
Value 4/30/09
  $ 1,018.60     $ 1,016.12     $ 1,017.36     $ 1,013.64     $ 1,013.64    
Expenses Paid per $1,000*   $ 6.26     $ 8.75     $ 7.50     $ 11.23     $ 11.23    
    Common
Class
  Advisor
Class
  Class A   Class B   Class C  
Annualized Expense
Ratios*
    1.25 %     1.75 %     1.50 %     2.25 %     2.25 %  

 

*  Expenses are equal to the Fund's annualized expense ratio for each share class, multiplied by the average account value over the period, multiplied by the number of days in the most recent fiscal half year period, then divided by 365.

  The "Expenses Paid per $1,000" and the "Annualized Expense Ratios" in the tables are based on actual expenses paid by the Fund during the period, net of fee waivers and/or expense reimbursements. If those fee waivers and/or expense reimbursements had not been in effect, the Fund's actual expenses would have been higher.

For more information, please refer to the Fund's prospectus.


5



Credit Suisse Large Cap Growth Fund
Semiannual Investment Adviser's Report (continued)
April 30, 2009 (unaudited)

SECTOR BREAKDOWN*

*  Expressed as a percentage of total investments (excluding securities lending collateral if applicable) and may vary over time.


6



Credit Suisse Mid-Cap Core Fund
Semiannual Investment Adviser's Report
April 30, 2009 (unaudited)

June 2, 2009

Dear Shareholder:

Performance Summary
11/1/08 – 04/30/09

Fund and Benchmark   Performance  
Common Class1      (1.90 )%  
Advisor Class1      (2.15 )%  
Class A1,2      (2.00 )%  
Class B1,2      (2.33 )%  
Class C1,2      (2.37 )%  
Standard & Poor's MidCap 400 Index3      (0.19 )%  

 

Performance shown for the Fund's Class A, Class B and Class C Shares does not reflect sales charges, which are a maximum of 5.75%, 4.00% and 1.00%, respectively.2

Market Review: Signs of a beginning recovery

The six-month period ended April 30, 2009, was a hopeful one for equities. April saw an overall rally in the performance of markets across the globe. For instance, the S&P 500 Total Return Index increased by 9.57%, bringing the six month performance to –8.53%.

The Dow Jones Industrial Average increased by 7.56% in April, ending the six-month period at –10.78%. Looking at mid caps, the S&P 400 Midcap Index gained 14.87%, bringing the six month return to –0.19%.

As of month end, the target Federal Funds rate was being maintained at 0.00% - 0.25%, while the discount rate stood at 0.50%. Additionally, the Consumer Confidence Index was at 39.2 as of April 28, up from 26.9 in March. Further, the labor market continued to weaken, with non-farm payrolls falling by 539,000 jobs in April across nearly all major private-sector industries, while the household unemployment rate rose to 8.9%. Nine out of ten sectors within the S&P 500 posted positive returns, with financials as the biggest winner, gaining 22.17%. In contrast, the health care sector was down 0.89%.

On May 5, 2009, Federal Reserve Chairman Ben S. Bernanke provided a guardedly optimistic assessment of the state of the economy and advised a joint congressional economic committee that the economy appears to be on track for a recovery. On the other hand, this recovery is expected to be slow and unemployment is expected to continue to rise in the near term.


7



Credit Suisse Mid-Cap Core Fund
Semiannual Investment Adviser's Report (continued)
April 30, 2009 (unaudited)

Strategic Review and Outlook: We are maintaining a long-term approach

For the semiannual period ending April 30, 2009, the Fund's shares slightly underperformed the Standard & Poor's MidCap 400 Index. The main positive contributors to performance included consumer discretionary (due to stock selection and sector weighting), industrials (due to stock selection, and consumer staples (due to stock selection and sector weighting). Conversely, materials and health care both detracted from performance (both due to stock selection and sector weighting). Stock selection in energy also detracted from performance.

Although we expect the market to remain difficult in the near term, we are comfortable with our proactive, long-term investment strategy going forward.

Jordan Low
Portfolio Manager

Investing in small to medium-sized companies may be more volatile and less liquid than investments in larger companies.

In addition to historical information, this report contains forward-looking statements, which may concern, among other things, domestic and foreign market, 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 Fund adopted new investment strategies effective December 1, 2006 so that its holdings are selected using quantitative stock selection models rather than a more traditional fundamental analysis approach. Investors should be aware that performance information for periods prior to December 1, 2006 does not reflect the current investment strategies.


8



Credit Suisse Mid-Cap Core Fund
Semiannual Investment Adviser's Report (continued)
April 30, 2009 (unaudited)

Average Annual Returns as of March 31, 20091

    1 Year   5 Years   10 Years   Since
Inception
  Inception
Date
 
Common Class     (36.38 )%     (6.42 )%     (2.55 )%     6.77 %   01/21/88  
Advisor Class     (36.69 )%     (6.88 )%     (3.04 )%     4.62 %   04/04/91  
Class A Without
Sales Charge
    (36.53 )%     (6.64 )%           (2.85 )%   11/30/01  
Class A With Maximum
Sales Charge
    (40.19 )%     (7.74 )%           (3.63 )%   11/30/01  
Class B Without CDSC     (37.00 )%     (7.35 )%           (6.94 )%   02/27/04  
Class B With CDSC     (39.51 )%     (7.35 )%           (6.94 )%   02/27/04  
Class C Without CDSC     (37.11 )%     (7.36 )%           (6.95 )%   02/27/04  
Class C With CDSC     (37.74 )%     (7.36 )%           (6.95 )%   02/27/04  

 

Average Annual Returns as of April 30, 20091

    1 Year   5 Years   10 Years   Since
Inception
  Inception
Date
 
Common Class     (32.14 )%     (2.80 )%     (1.23 )%     7.42 %   01/21/88  
Advisor Class     (32.46 )%     (3.28 )%     (1.72 )%     5.38 %   04/04/91  
Class A Without
Sales Charge
    (32.27 )%     (3.03 )%           (1.04 )%   11/30/01  
Class A With Maximum
Sales Charge
    (36.16 )%     (4.17 )%           (1.82 )%   11/30/01  
Class B Without CDSC     (32.77 )%     (3.76 )%           (4.38 )%   02/27/04  
Class B With CDSC     (35.45 )%     (3.76 )%           (4.38 )%   02/27/04  
Class C Without CDSC     (32.76 )%     (3.75 )%           (4.36 )%   02/27/04  
Class C With CDSC     (33.43 )%     (3.75 )%           (4.36 )%   02/27/04  

 

Returns represent past performance and include change in share price and reinvestment of dividends and capital gains. Past performance cannot guarantee future results. The current performance of the Fund may be lower or higher than the figures shown. Returns and share price will fluctuate, and redemption value may be more or less than original cost. The performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Performance information current to the most recent month-end is available at www.credit-suisse.com/us.

The annualized gross expense ratios are 1.94% for Common Class shares, 2.44% for Advisor Class shares, 2.20% for Class A shares, 2.94% for Class B shares and 2.89% for Class C shares. The annualized net expense ratios after fee waivers and/or expense reimbursements are 1.45% for Common Class shares, 1.95% for Advisor Class shares, 1.70% for Class A shares, 2.45% for Class B shares and 2.45% for Class C shares.

1  Fee waivers and/or expense reimbursements may reduce expenses for the Fund, without which performance would be lower. Waivers and/or reimbursements may be discontinued at any time.

2  Total return for the Fund's Class A shares for the reporting period, based on offering price (including maximum sales charge of 5.75%), was (7.63)%. Total return for the Fund's Class B shares for the reporting period, based on redemption value (including maximum contingent deferred sales charge of 4.00%), was (6.22)%. Total return for the Fund's Class C shares for the reporting period, based on redemption value (including maximum contingent deferred sales charge of 1.00%), was (3.34)%.

3  The Standard & Poor's MidCap 400 Index is an unmanaged market weighted index of 400 U.S. stocks selected on the basis of capitalization, liquidity, and industry group representation. It is a registered trademark of McGraw-Hill Co., Inc. Investors cannot invest directly in an index.


9



Credit Suisse Mid-Cap Core Fund
Semiannual Investment Adviser's Report (continued)
April 30, 2009 (unaudited)

Information About Your Fund's Expenses

As an investor of the Fund, you incur two types of costs: ongoing expenses and transaction costs. Ongoing expenses include management fees, distribution and service (12b-1) fees and other Fund expenses. Examples of transaction costs include sales charges (loads), redemption fees and account maintenance fees, which are not shown in this section and which would result in higher total expenses. The following table is intended to help you understand your ongoing expenses of investing in the Fund and to help you compare these expenses with the ongoing expenses of investing in other mutual funds. The table is based on an investment of $1,000 made at the beginning of the six month period ended April 30, 2009.

The table illustrates your Fund's expenses in two ways:

Actual Fund Return. This helps you estimate the actual dollar amount of ongoing expenses paid on a $1,000 investment in the Fund using the Fund's actual return during the period. To estimate the expenses you paid over the period, simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the "Expenses Paid per $1,000" line under the share class you hold.

Hypothetical 5% Fund Return. This helps you to compare your Fund's ongoing expenses with those of other mutual funds using the Fund's actual expense ratio and a hypothetical rate of return of 5% per year before expenses. Examples using a 5% hypothetical fund return may be found in the shareholder reports of other mutual funds. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period.

Please note that the expenses shown in these tables are meant to highlight your ongoing expenses only and do not reflect any transaction costs, such as sales charges (loads) or redemption fees. If these transaction costs had been included, your costs would have been higher. The "Expenses Paid per $1,000" line of the tables is useful in comparing ongoing expenses only and will not help you determine the relative total expenses of owning different funds.


10



Credit Suisse Mid-Cap Core Fund
Semiannual Investment Adviser's Report (continued)
April 30, 2009 (unaudited)

Expenses and Value for a $1,000 Investment
for the six month period ended April 30, 2009

Actual Fund Return   Common
Class
  Advisor
Class
  Class A   Class B   Class C  
Beginning Account
Value 11/1/08
  $ 1,000.00     $ 1,000.00     $ 1,000.00     $ 1,000.00     $ 1,000.00    
Ending Account
Value 4/30/09
  $ 981.00     $ 978.50     $ 980.00     $ 976.70     $ 976.30    
Expenses Paid per $1,000*   $ 7.12     $ 9.57     $ 8.35     $ 12.01     $ 12.01    
Hypothetical 5%
Fund Return
 
Beginning Account
Value 11/1/08
  $ 1,000.00     $ 1,000.00     $ 1,000.00     $ 1,000.00     $ 1,000.00    
Ending Account
Value 4/30/09
  $ 1,017.60     $ 1,015.12     $ 1,016.36     $ 1,012.65     $ 1,012.65    
Expenses Paid per $1,000*   $ 7.25     $ 9.74     $ 8.50     $ 12.23     $ 12.23    
    Common
Class
  Advisor
Class
  Class A   Class B   Class C  
Annualized Expense
Ratios*
    1.45 %     1.95 %     1.70 %     2.45 %     2.45 %  

 

*  Expenses are equal to the Fund's annualized expense ratio for each share class, multiplied by the average account value over the period, multiplied by the number of days in the most recent fiscal half year period, then divided by 365.

  The "Expenses Paid per $1,000" and the "Annualized Expense Ratios" in the tables are based on actual expenses paid by the Fund during the period, net of fee waivers and/or expense reimbursements. If those fee waivers and/or expense reimbursements had not been in effect, the Fund's actual expenses would have been higher.

For more information, please refer to the Fund's prospectus.


11



Credit Suisse Mid-Cap Core Fund
Semiannual Investment Adviser's Report (continued)
April 30, 2009 (unaudited)

SECTOR BREAKDOWN*

*  Expressed as a percentage of total investments (excluding securities lending collateral if applicable) and may vary over time.


12




Credit Suisse Large Cap Growth Fund
Schedule of Investments

April 30, 2009 (unaudited)

    Number of
Shares
  Value  
COMMON STOCKS (98.5%)  
Aerospace & Defense (9.1%)  
Alliant Techsystems, Inc.*     100     $ 7,965    
BE Aerospace, Inc.*     900       9,711    
General Dynamics Corp.     34,000       1,756,780    
Goodrich Corp.     1,200       53,136    
Honeywell International, Inc.     9,100       284,011    
ITT Corp.     200       8,202    
Lockheed Martin Corp.     4,000       314,120    
Northrop Grumman Corp.     900       43,515    
Raytheon Co.     22,500       1,017,675    
Rockwell Collins, Inc.     200       7,670    
The Boeing Co.     7,600       304,380    
United Technologies Corp.     6,800       332,112    
      4,139,277    
Air Freight & Logistics (1.3%)  
C.H. Robinson Worldwide, Inc.     1,700       90,372    
Expeditors International of Washington, Inc.     2,100       72,891    
FedEx Corp.     1,000       55,960    
United Parcel Service, Inc. Class B     6,900       361,146    
UTI Worldwide, Inc.*     900       12,114    
      592,483    
Airlines (0.0%)  
AMR Corp.*     500       2,380    
Copa Holdings SA Class A     100       3,065    
Delta Air Lines, Inc.*     450       2,776    
      8,221    
Auto Components (0.3%)  
BorgWarner, Inc.     1,000       28,950    
Gentex Corp.     1,400       18,718    
Johnson Controls, Inc.     200       3,802    
The Goodyear Tire & Rubber Co.*     500       5,495    
WABCO Holdings, Inc.     3,900       62,361    
      119,326    
Automobiles (0.0%)  
Harley-Davidson, Inc.     100       2,216    
Thor Industries, Inc.     100       2,299    
      4,515    
Beverages (3.3%)  
Central European Distribution Corp.*     300       6,720    
Hansen Natural Corp.*     700       28,532    
PepsiCo, Inc.     15,100       751,376    
The Coca-Cola Co.     16,600       714,630    
      1,501,258    

 

See Accompanying Notes to Financial Statements.
13



Credit Suisse Large Cap Growth Fund
Schedule of Investments (continued)

April 30, 2009 (unaudited)

    Number of
Shares
  Value  
COMMON STOCKS  
Biotechnology (2.4%)  
Amgen, Inc.*     100     $ 4,847    
Biogen Idec, Inc.*     3,500       169,190    
BioMarin Pharmaceutical, Inc.*     300       3,858    
Celgene Corp.*     5,600       239,232    
Genzyme Corp.*     3,200       170,656    
Gilead Sciences, Inc.*     11,200       512,960    
      1,100,743    
Building Products (0.0%)  
Lennox International, Inc.     200       6,378    
USG Corp.*     100       1,486    
      7,864    
Capital Markets (2.3%)  
Bank of New York Mellon Corp.     100       2,548    
BlackRock, Inc.     200       29,304    
E*TRADE Financial Corp.*     300       429    
Eaton Vance Corp.     1,000       27,370    
Federated Investors, Inc. Class B     800       18,304    
Franklin Resources, Inc.     3,300       199,584    
GLG Partners, Inc.     100       239    
Invesco, Ltd.     7,700       113,344    
Investment Technology Group, Inc.*     2,800       63,784    
Janus Capital Group, Inc.     1,500       15,045    
MF Global, Ltd.*     100       610    
Morgan Stanley     600       14,184    
Northern Trust Corp.     2,000       108,720    
SEI Investments Co.     1,300       18,239    
State Street Corp.     1,200       40,956    
T. Rowe Price Group, Inc.     2,600       100,152    
TD Ameritrade Holding Corp.*     2,400       38,184    
The Charles Schwab Corp.     9,500       175,560    
The Goldman Sachs Group, Inc.     500       64,250    
Waddell & Reed Financial, Inc. Class A     800       17,928    
      1,048,734    
Chemicals (0.8%)  
Air Products & Chemicals, Inc.     100       6,590    
Airgas, Inc.     200       8,624    
Albemarle Corp.     300       8,046    
Celanese Corp. Series A     100       2,084    
CF Industries Holdings, Inc.     1,500       108,075    
FMC Corp.     200       9,746    
International Flavors & Fragrances, Inc.     300       9,360    
Intrepid Potash, Inc.*     4,100       101,229    
Monsanto Co.     100       8,489    
Nalco Holding Co.     400       6,528    
PPG Industries, Inc.     100       4,405    
Praxair, Inc.     100       7,461    

 

See Accompanying Notes to Financial Statements.
14



Credit Suisse Large Cap Growth Fund
Schedule of Investments (continued)

April 30, 2009 (unaudited)

    Number of
Shares
  Value  
COMMON STOCKS  
Chemicals  
Terra Industries, Inc.     1,100     $ 29,150    
The Mosaic Co.     1,800       72,810    
      382,597    
Commercial Banks (0.0%)  
Wells Fargo & Co.     100       2,001    
Commercial Services & Supplies (0.2%)  
Copart, Inc.*     200       6,278    
Corrections Corp. of America*     300       4,239    
Republic Services, Inc.     1,400       29,400    
The Brink's Co.     400       11,340    
Waste Management, Inc.     1,700       45,339    
      96,596    
Communications Equipment (5.2%)  
Ciena Corp.*     300       3,585    
Cisco Systems, Inc.*     59,600       1,151,472    
CommScope, Inc.*     600       15,060    
Corning, Inc.     18,100       264,622    
F5 Networks, Inc.*     800       21,816    
Harris Corp.     200       6,116    
JDS Uniphase Corp.*     400       1,844    
Juniper Networks, Inc.*     5,300       114,745    
QUALCOMM, Inc.     18,700       791,384    
      2,370,644    
Computers & Peripherals (8.4%)  
Apple Computer, Inc.*     8,900       1,119,887    
Dell, Inc.*     18,300       212,646    
Diebold, Inc.     500       13,215    
EMC Corp.*     17,100       214,263    
Hewlett-Packard Co.     8,300       298,634    
International Business Machines Corp.     13,900       1,434,619    
NCR Corp.*     1,400       14,210    
NetApp, Inc.*     3,400       62,220    
Seagate Technology     300       2,448    
Teradata Corp.*     900       15,048    
Western Digital Corp.*     17,500       411,600    
      3,798,790    
Construction & Engineering (1.7%)  
Aecom Technology Corp.*     400       10,292    
Fluor Corp.     18,500       700,595    
Jacobs Engineering Group, Inc.*     400       15,216    
KBR, Inc.     1,400       21,868    
Quanta Services, Inc.*     300       6,819    
The Shaw Group, Inc.*     800       26,824    
      781,614    

 

See Accompanying Notes to Financial Statements.
15



Credit Suisse Large Cap Growth Fund
Schedule of Investments (continued)

April 30, 2009 (unaudited)

    Number of
Shares
  Value  
COMMON STOCKS  
Construction Materials (0.1%)  
Eagle Materials, Inc.     300     $ 8,340    
Martin Marietta Materials, Inc.     300       25,209    
      33,549    
Consumer Finance (0.1%)  
American Express Co.     100       2,522    
SLM Corp.*     4,200       20,286    
      22,808    
Containers & Packaging (0.1%)  
AptarGroup, Inc.     100       3,103    
Ball Corp.     100       3,772    
Crown Holdings, Inc.*     100       2,205    
Greif, Inc. Class A     200       9,054    
Owens-Illinois, Inc.*     100       2,439    
Packaging Corp. of America     200       3,174    
      23,747    
Distributors (0.1%)  
LKQ Corp.*     1,300       22,074    
Diversified Consumer Services (0.1%)  
Brink's Home Security Holdings, Inc.*     400       10,632    
H&R Block, Inc.     2,500       37,850    
Hillenbrand, Inc.     600       10,908    
Weight Watchers International, Inc.     100       2,488    
      61,878    
Diversified Financial Services (0.1%)  
MSCI, Inc. Class A*     500       10,495    
NYSE Euronext     200       4,634    
The NASDAQ OMX Group, Inc.*     900       17,307    
      32,436    
Diversified Telecommunication Services (0.2%)  
AT&T, Inc.     100       2,562    
CenturyTel, Inc.     1,900       51,585    
Embarq Corp.     300       10,968    
FairPoint Communications, Inc.     77       80    
Verizon Communications, Inc.     100       3,034    
Windstream Corp.     300       2,490    
      70,719    
Electric Utilities (0.3%)  
Duke Energy Corp.     100       1,381    
PPL Corp.     4,500       134,595    
      135,976    

 

See Accompanying Notes to Financial Statements.
16



Credit Suisse Large Cap Growth Fund
Schedule of Investments (continued)

April 30, 2009 (unaudited)

    Number of
Shares
  Value  
COMMON STOCKS  
Electrical Equipment (0.5%)  
AMETEK, Inc.     200     $ 6,442    
Cooper Industries, Ltd. Class A     1,300       42,627    
Emerson Electric Co.     100       3,404    
First Solar, Inc.*     100       18,729    
General Cable Corp.*     300       8,142    
Rockwell Automation, Inc.     1,300       41,067    
Roper Industries, Inc.     200       9,118    
SunPower Corp. Class A*     4,000       109,520    
      239,049    
Electronic Equipment, Instruments & Components (0.4%)  
Amphenol Corp. Class A     100       3,384    
Avnet, Inc.*     500       10,945    
Dolby Laboratories, Inc. Class A*     1,900       76,247    
FLIR Systems, Inc.*     1,400       31,052    
Jabil Circuit, Inc.     400       3,240    
Molex, Inc.     300       5,001    
National Instruments Corp.     500       11,020    
Trimble Navigation, Ltd.*     1,200       25,728    
      166,617    
Energy Equipment & Services (1.9%)  
Atwood Oceanics, Inc.*     500       11,160    
Baker Hughes, Inc.     300       10,674    
Cameron International Corp.*     300       7,674    
Dresser-Rand Group, Inc.*     800       19,704    
ENSCO International, Inc.     15,717       444,477    
FMC Technologies, Inc.*     300       10,269    
Global Industries, Ltd.*     300       1,941    
Halliburton Co.     100       2,022    
Key Energy Services, Inc.*     100       439    
Nabors Industries, Ltd.*     400       6,084    
National-Oilwell Varco, Inc.*     4,200       127,176    
Oceaneering International, Inc.*     500       22,785    
Oil States International, Inc.*     300       5,670    
Patterson-UTI Energy, Inc.     900       11,439    
Pride International, Inc.*     1,200       27,240    
Rowan Cos., Inc.     1,000       15,610    
Schlumberger, Ltd.     100       4,899    
Smith International, Inc.     300       7,755    
Superior Energy Services, Inc.*     800       15,368    
TETRA Technologies, Inc.*     300       1,716    
Tidewater, Inc.     2,400       103,800    
Unit Corp.*     300       8,187    
      866,089    
Food & Staples Retailing (2.8%)  
Costco Wholesale Corp.     100       4,860    
CVS Caremark Corp.     2,300       73,094    

 

See Accompanying Notes to Financial Statements.
17



Credit Suisse Large Cap Growth Fund
Schedule of Investments (continued)

April 30, 2009 (unaudited)

    Number of
Shares
  Value  
COMMON STOCKS  
Food & Staples Retailing  
Safeway, Inc.     300     $ 5,925    
Sysco Corp.     6,700       156,311    
The Kroger Co.     3,500       75,670    
Wal-Mart Stores, Inc.     18,300       922,320    
Walgreen Co.     100       3,143    
Whole Foods Market, Inc.     1,400       29,022    
      1,270,345    
Food Products (2.8%)  
Archer-Daniels-Midland Co.     48,900       1,203,918    
Campbell Soup Co.     100       2,572    
Dean Foods Co.*     1,000       20,700    
Del Monte Foods Co.     5       38    
General Mills, Inc.     100       5,069    
H.J. Heinz Co.     100       3,442    
Kellogg Co.     100       4,211    
Kraft Foods, Inc. Class A     100       2,340    
McCormick & Co., Inc.     400       11,780    
The Hershey Co.     700       25,298    
The J.M. Smucker Co.     100       3,940    
Tyson Foods, Inc. Class A     100       1,054    
      1,284,362    
Gas Utilities (0.0%)  
Energen Corp.     100       3,612    
Health Care Equipment & Supplies (3.6%)  
Baxter International, Inc.     6,400       310,400    
Becton, Dickinson & Co.     2,900       175,392    
Boston Scientific Corp.*     300       2,523    
DENTSPLY International, Inc.     200       5,724    
Edwards Lifesciences Corp.*     500       31,690    
Hologic, Inc.*     1,200       17,832    
Hospira, Inc.*     200       6,574    
IDEXX Laboratories, Inc.*     600       23,580    
Inverness Medical Innovations, Inc.*     300       9,687    
Kinetic Concepts, Inc.*     500       12,380    
Medtronic, Inc.     26,000       832,000    
ResMed, Inc.*     700       26,915    
St. Jude Medical, Inc.*     3,500       117,320    
Stryker Corp.     300       11,613    
Varian Medical Systems, Inc.*     1,200       40,044    
Zimmer Holdings, Inc.*     200       8,798    
      1,632,472    
Health Care Providers & Services (2.8%)  
Aetna, Inc.     33,600       739,536    
CIGNA Corp.     300       5,913    
Community Health Systems, Inc.*     100       2,284    

 

See Accompanying Notes to Financial Statements.
18



Credit Suisse Large Cap Growth Fund
Schedule of Investments (continued)

April 30, 2009 (unaudited)

    Number of
Shares
  Value  
COMMON STOCKS  
Health Care Providers & Services  
Coventry Health Care, Inc.*     100     $ 1,591    
Express Scripts, Inc.*     2,600       166,322    
Health Management Associates, Inc. Class A*     500       2,335    
Henry Schein, Inc.*     100       4,104    
Humana, Inc.*     900       25,902    
Lincare Holdings, Inc.*     577       13,923    
McKesson Corp.     2,000       74,000    
MEDNAX, Inc.*     100       3,590    
Omnicare, Inc.     200       5,142    
Patterson Cos., Inc.*     300       6,138    
Quest Diagnostics, Inc.     1,300       66,729    
UnitedHealth Group, Inc.     5,400       127,008    
VCA Antech, Inc.*     600       15,012    
WellPoint, Inc.*     500       21,380    
      1,280,909    
Health Care Technology (0.3%)  
Cerner Corp.*     2,400       129,120    
Hlth Corp.*     54       594    
IMS Health, Inc.     100       1,256    
      130,970    
Hotels, Restaurants & Leisure (0.3%)  
Brinker International, Inc.     1,000       17,720    
Burger King Holdings, Inc.     100       1,634    
Carnival Corp.     400       10,752    
Chipotle Mexican Grill, Inc. Class A*     100       8,109    
Darden Restaurants, Inc.     500       18,485    
International Game Technology     100       1,235    
Las Vegas Sands Corp.*     400       3,128    
McDonald's Corp.     100       5,329    
Orient-Express Hotels, Ltd. Class A     100       647    
Panera Bread Co. Class A*     200       11,202    
Penn National Gaming, Inc.*     200       6,804    
Scientific Games Corp. Class A*     600       10,494    
Starbucks Corp.*     300       4,338    
Starwood Hotels & Resorts Worldwide, Inc.     100       2,086    
Tim Hortons, Inc.     300       7,287    
Wynn Resorts, Ltd.*     200       7,846    
Yum! Brands, Inc.     100       3,335    
      120,431    
Household Durables (0.1%)  
Garmin, Ltd.     1,600       40,304    
Harman International Industries, Inc.     200       3,638    
      43,942    

 

See Accompanying Notes to Financial Statements.
19



Credit Suisse Large Cap Growth Fund
Schedule of Investments (continued)

April 30, 2009 (unaudited)

    Number of
Shares
  Value  
COMMON STOCKS  
Household Products (0.1%)  
Church & Dwight Co., Inc.     100     $ 5,441    
Clorox Co.     300       16,815    
Colgate-Palmolive Co.     100       5,900    
Energizer Holdings, Inc.*     100       5,730    
Kimberly-Clark Corp.     100       4,914    
The Procter & Gamble Co.     100       4,944    
      43,744    
Independent Power Producers & Energy Traders (0.1%)  
Calpine Corp.*     1,100       8,921    
Constellation Energy Group, Inc.     300       7,224    
Mirant Corp.*     900       11,457    
      27,602    
Industrial Conglomerates (1.2%)  
3M Co.     8,600       495,360    
Carlisle Cos., Inc.     200       4,550    
McDermott International, Inc.*     1,300       20,982    
Textron, Inc.     800       8,584    
      529,476    
Insurance (2.3%)  
Aflac, Inc.     17,200       496,908    
Aon Corp.     8,600       362,920    
Axis Capital Holdings, Ltd.     2,400       59,136    
Brown & Brown, Inc.     300       5,838    
Marsh & McLennan Cos., Inc.     100       2,109    
MetLife, Inc.     100       2,975    
Prudential Financial, Inc.     500       14,440    
The Progressive Corp.*     100       1,528    
Transatlantic Holdings, Inc.     100       3,793    
Unum Group     6,200       101,308    
W.R. Berkley Corp.     200       4,782    
      1,055,737    
Internet & Catalog Retail (0.8%)  
Amazon.com, Inc.*     3,800       305,976    
Priceline.com, Inc.*     400       38,836    
      344,812    
Internet Software & Services (2.9%)  
Akamai Technologies, Inc.*     1,600       35,232    
eBay, Inc.*     500       8,235    
Google, Inc. Class A*     2,400       950,328    
Sohu.com, Inc.*     2,200       114,730    
Yahoo!, Inc.*     14,100       201,489    
      1,310,014    

 

See Accompanying Notes to Financial Statements.
20



Credit Suisse Large Cap Growth Fund
Schedule of Investments (continued)

April 30, 2009 (unaudited)

    Number of
Shares
  Value  
COMMON STOCKS  
IT Services (6.2%)  
Accenture, Ltd. Class A     61,800     $ 1,818,774    
Alliance Data Systems Corp.*     200       8,374    
Automatic Data Processing, Inc.     5,300       186,560    
Broadridge Financial Solutions, Inc.     16,612       321,442    
Cognizant Technology Solutions Corp. Class A*     1,700       42,143    
DST Systems, Inc.*     100       3,617    
Genpact, Ltd.*     200       1,792    
Global Payments, Inc.     400       12,824    
Hewitt Associates, Inc. Class A*     900       28,224    
Lender Processing Services, Inc.     200       5,732    
Metavante Technologies, Inc.*     200       4,718    
NeuStar, Inc. Class A*     700       13,307    
Paychex, Inc.     3,800       102,638    
SAIC, Inc.*     300       5,430    
Total System Services, Inc.     1,600       19,952    
Visa, Inc. Class A     1,500       97,440    
Western Union Co.     8,900       149,075    
      2,822,042    
Leisure Equipment & Products (0.0%)  
Hasbro, Inc.     500       13,330    
Life Sciences Tools & Services (0.3%)  
Charles River Laboratories International, Inc.*     300       8,295    
Covance, Inc.*     100       3,928    
Life Technologies Corp.*     1,060       39,538    
PerkinElmer, Inc.     500       7,285    
Pharmaceutical Product Development, Inc.     1,000       19,610    
Thermo Fisher Scientific, Inc.*     1,400       49,112    
Waters Corp.*     100       4,417    
      132,185    
Machinery (1.8%)  
AGCO Corp.*     600       14,580    
Bucyrus International, Inc.     700       15,197    
Caterpillar, Inc.     100       3,558    
Cummins, Inc.     2,026       68,884    
Danaher Corp.     2,200       128,568    
Deere & Co.     100       4,126    
Donaldson Co., Inc.     200       6,598    
Dover Corp.     1,600       49,248    
Eaton Corp.     100       4,380    
Flowserve Corp.     3,600       244,440    
Graco, Inc.     600       14,154    
Harsco Corp.     755       20,800    
IDEX Corp.     100       2,525    
Illinois Tool Works, Inc.     100       3,280    
Ingersoll-Rand Co., Ltd. Class A     407       8,861    
John Bean Technologies Corp.     100       1,102    

 

See Accompanying Notes to Financial Statements.
21



Credit Suisse Large Cap Growth Fund
Schedule of Investments (continued)

April 30, 2009 (unaudited)

    Number of
Shares
  Value  
COMMON STOCKS  
Machinery  
Joy Global, Inc.     1,000     $ 25,500    
Kennametal, Inc.     100       2,045    
Lincoln Electric Holdings, Inc.     200       8,906    
Oshkosh Corp.     500       4,800    
Pall Corp.     600       15,846    
Parker Hannifin Corp.     700       31,745    
The Manitowoc Co., Inc.     3,000       17,850    
The Timken Co.     6,300       101,304    
The Toro Co.     200       6,076    
      804,373    
Marine (0.0%)  
Kirby Corp.*     500       15,430    
Media (1.2%)  
Clear Channel Outdoor Holdings, Inc. Class A*     100       384    
Comcast Corp. Class A     9,900       153,054    
CTC Media, Inc.*     500       3,920    
DIRECTV Group, Inc.*     6,700       165,691    
DISH Network Corp. Class A*     700       9,275    
DreamWorks Animation SKG, Inc. Class A*     800       19,208    
Lamar Advertising Co. Class A*     300       5,070    
Liberty Global, Inc. Class A*     400       6,596    
Liberty Media Corp. - Entertainment Series A*     5,200       126,620    
Morningstar, Inc.*     100       3,967    
Omnicom Group, Inc.     300       9,441    
The Interpublic Group of Cos., Inc.*     1,200       7,512    
The McGraw-Hill Cos., Inc.     100       3,015    
The Walt Disney Co.     2,300       50,370    
Warner Music Group Corp.*     100       538    
      564,661    
Metals & Mining (0.5%)  
AK Steel Holding Corp.     100       1,301    
Allegheny Technologies, Inc.     1,000       32,730    
Cliffs Natural Resources, Inc.     3,600       83,016    
Newmont Mining Corp.     1,500       60,360    
Nucor Corp.     200       8,138    
Southern Copper Corp.     100       1,857    
Steel Dynamics, Inc.     400       4,980    
Titanium Metals Corp.     100       679    
United States Steel Corp.     1,100       29,205    
      222,266    
Multi-Utilities (0.4%)  
CenterPoint Energy, Inc.     600       6,384    
Public Service Enterprise Group, Inc.     5,200       155,168    
      161,552    

 

See Accompanying Notes to Financial Statements.
22



Credit Suisse Large Cap Growth Fund
Schedule of Investments (continued)

April 30, 2009 (unaudited)

    Number of
Shares
  Value  
COMMON STOCKS  
Multiline Retail (0.2%)  
Big Lots, Inc.*     800     $ 22,112    
Dollar Tree, Inc.*     900       38,106    
Family Dollar Stores, Inc.     100       3,319    
Nordstrom, Inc.     1,100       24,893    
Target Corp.     100       4,126    
      92,556    
Office Electronics (0.0%)  
Zebra Technologies Corp. Class A*     500       10,625    
Oil, Gas & Consumable Fuels (7.8%)  
Alpha Natural Resources, Inc.*     3,900       79,872    
Arch Coal, Inc.     1,400       19,558    
Cabot Oil & Gas Corp.     200       6,038    
Chevron Corp.     27,200       1,797,920    
CNX Gas Corp.*     200       5,150    
CONSOL Energy, Inc.     100       3,128    
Denbury Resources, Inc.*     200       3,256    
El Paso Corp.     100       690    
Enbridge, Inc.     100       3,085    
EnCana Corp.     100       4,573    
Encore Acquisition Co.*     100       2,919    
Exxon Mobil Corp.     11,200       746,704    
Foundation Coal Holdings, Inc.     400       6,496    
Frontier Oil Corp.     1,000       12,710    
Frontline, Ltd.     100       2,013    
Holly Corp.     100       2,096    
Mariner Energy, Inc.*     600       6,828    
Massey Energy Co.     800       12,728    
Murphy Oil Corp.     3,200       152,672    
Nexen, Inc.     100       1,910    
Noble Energy     100       5,675    
Occidental Petroleum Corp.     8,200       461,578    
Patriot Coal Corp.*     300       1,890    
Peabody Energy Corp.     100       2,639    
Petro-Canada     300       9,459    
Quicksilver Resources, Inc.*     300       2,439    
Royal Dutch Shell PLC ADR     3,400       155,312    
St. Mary Land & Exploration Co.     200       3,574    
Sunoco, Inc.     100       2,651    
Tesoro Corp.     500       7,625    
The Williams Cos., Inc.     300       4,230    
TransCanada Corp.     100       2,497    
W&T Offshore, Inc.     300       2,784    
Walter Industries, Inc.     100       2,280    
Whiting Petroleum Corp.*     100       3,276    
XTO Energy, Inc.     100       3,466    
      3,541,721    

 

See Accompanying Notes to Financial Statements.
23



Credit Suisse Large Cap Growth Fund
Schedule of Investments (continued)

April 30, 2009 (unaudited)

    Number of
Shares
  Value  
COMMON STOCKS  
Personal Products (0.3%)  
Avon Products, Inc.     100     $ 2,276    
Bare Escentuals, Inc.*     200       1,852    
Herbalife, Ltd.     5,973       118,385    
NBTY, Inc.*     200       5,182    
The Estee Lauder Cos., Inc. Class A     900       26,910    
      154,605    
Pharmaceuticals (5.4%)  
Abbott Laboratories     15,600       652,860    
Allergan, Inc.     100       4,666    
Bristol-Myers Squibb Co.     18,200       349,440    
Eli Lilly & Co.     100       3,292    
Endo Pharmaceuticals Holdings, Inc.*     14,499       239,813    
Forest Laboratories, Inc.*     200       4,338    
Johnson & Johnson     8,500       445,060    
Merck & Co., Inc.     6,200       150,288    
Mylan, Inc.*     100       1,325    
Perrigo Co.     700       18,144    
Schering-Plough Corp.     20,000       460,400    
Sepracor, Inc.*     400       5,684    
Warner Chilcott, Ltd. Class A*     300       2,937    
Watson Pharmaceuticals, Inc.*     4,000       123,760    
      2,462,007    
Professional Services (0.2%)  
Equifax, Inc.     100       2,916    
FTI Consulting, Inc.*     300       16,464    
IHS, Inc. Class A*     400       16,544    
Monster Worldwide, Inc.*     1,200       16,560    
Robert Half International, Inc.     700       16,814    
The Corporate Executive Board Co.     300       5,184    
      74,482    
Real Estate Management & Development (0.0%)  
CB Richard Ellis Group, Inc. Class A*     200       1,500    
The St. Joe Co.*     300       7,464    
      8,964    
Road & Rail (0.9%)  
Burlington Northern Santa Fe Corp.     200       13,496    
CSX Corp.     4,600       136,114    
Hertz Global Holdings, Inc.*     100       680    
Landstar System, Inc.     100       3,561    
Ryder System, Inc.     100       2,769    
Union Pacific Corp.     5,300       260,442    
      417,062    

 

See Accompanying Notes to Financial Statements.
24



Credit Suisse Large Cap Growth Fund
Schedule of Investments (continued)

April 30, 2009 (unaudited)

    Number of
Shares
  Value  
COMMON STOCKS  
Semiconductors & Semiconductor Equipment (2.9%)  
Advanced Micro Devices, Inc.*     300     $ 1,083    
Altera Corp.     300       4,893    
Analog Devices, Inc.     300       6,384    
Applied Materials, Inc.     100       1,221    
Atmel Corp.*     900       3,456    
Broadcom Corp. Class A*     5,200       120,588    
Cree, Inc.*     200       5,478    
Integrated Device Technology, Inc.*     700       3,801    
Intel Corp.     49,900       787,422    
Intersil Corp. Class A     400       4,640    
Lam Research Corp.*     500       13,940    
LSI Corp.*     1,400       5,376    
Marvell Technology Group, Ltd.*     4,900       53,802    
MEMC Electronic Materials, Inc.*     1,000       16,200    
Microchip Technology, Inc.     100       2,300    
Micron Technology, Inc.*     300       1,464    
National Semiconductor Corp.     100       1,237    
Novellus Systems, Inc.*     300       5,418    
NVIDIA Corp.*     100       1,148    
Silicon Laboratories, Inc.*     400       13,304    
Teradyne, Inc.*     400       2,376    
Texas Instruments, Inc.     13,400       242,004    
Varian Semiconductor Equipment Associates, Inc.*     700       17,913    
Xilinx, Inc.     300       6,132    
      1,321,580    
Software (6.8%)  
Activision Blizzard, Inc.*     500       5,385    
Adobe Systems, Inc.*     6,300       172,305    
Amdocs, Ltd.*     800       16,744    
Autodesk, Inc.*     2,200       43,868    
BMC Software, Inc.*     1,100       38,137    
Citrix Systems, Inc.*     1,800       51,354    
Compuware Corp.*     500       3,740    
Electronic Arts, Inc.*     100       2,035    
Intuit, Inc.*     3,900       90,207    
McAfee, Inc.*     200       7,508    
Microsoft Corp.     80,900       1,639,034    
Novell, Inc.*     500       1,880    
Oracle Corp.     39,300       760,062    
Red Hat, Inc.*     1,900       32,813    
Salesforce.com, Inc.*     500       21,405    
Synopsys, Inc.*     7,000       152,460    
VMware, Inc. Class A*     2,200       57,376    
      3,096,313    

 

See Accompanying Notes to Financial Statements.
25



Credit Suisse Large Cap Growth Fund
Schedule of Investments (continued)

April 30, 2009 (unaudited)

    Number of
Shares
  Value  
COMMON STOCKS  
Specialty Retail (2.0%)  
Abercrombie & Fitch Co. Class A     700     $ 18,942    
Advance Auto Parts, Inc.     900       39,375    
American Eagle Outfitters, Inc.     400       5,928    
AnnTaylor Stores Corp.*     100       739    
AutoZone, Inc.*     400       66,556    
Bed Bath & Beyond, Inc.*     100       3,042    
Best Buy Co., Inc.     4,000       153,520    
CarMax, Inc.*     2,200       28,072    
Dick's Sporting Goods, Inc.*     400       7,600    
GameStop Corp. Class A*     1,600       48,256    
Guess?, Inc.     4,600       119,784    
Limited Brands, Inc.     1,800       20,556    
Lowe's Cos., Inc.     100       2,150    
O'Reilly Automotive, Inc.*     400       15,540    
PetSmart, Inc.     500       11,440    
Ross Stores, Inc.     1,333       50,574    
Staples, Inc.     6,000       123,720    
The Gap, Inc.     2,600       40,404    
The Home Depot, Inc.     100       2,632    
The TJX Cos., Inc.     4,300       120,271    
Tiffany & Co.     300       8,682    
Urban Outfitters, Inc.*     1,100       21,439    
      909,222    
Textiles, Apparel & Luxury Goods (0.1%)  
Coach, Inc.*     200       4,900    
NIKE, Inc. Class B     100       5,247    
Phillips-Van Heusen Corp.     400       11,612    
Polo Ralph Lauren Corp.     500       26,920    
      48,679    
Thrifts & Mortgage Finance (0.0%)  
Hudson City Bancorp, Inc.     1,200       15,072    
Tobacco (2.4%)  
Altria Group, Inc.     15,800       258,014    
Lorillard, Inc.     900       56,817    
Philip Morris International, Inc.     21,200       767,440    
      1,082,271    
Trading Companies & Distributors (0.1%)  
Fastenal Co.     1,100       42,196    
MSC Industrial Direct Co., Inc. Class A     400       16,340    
      58,536    

 

See Accompanying Notes to Financial Statements.
26



Credit Suisse Large Cap Growth Fund
Schedule of Investments (continued)

April 30, 2009 (unaudited)

    Number of
Shares
  Value  
COMMON STOCKS  
Wireless Telecommunication Services (0.0%)  
Clearwire Corp.*     200     $ 1,108    
NII Holdings, Inc.*     600       9,696    
      10,804    
TOTAL COMMON STOCKS (Cost $43,588,117)     44,748,371    
    Par
(000)
     
SHORT-TERM INVESTMENT (1.6%)  
State Street Bank and Trust Co. Euro Time Deposit, 0.010%, 05/01/09 (Cost $757,000)   $ 757       757,000    
TOTAL INVESTMENTS AT VALUE (100.1%) (Cost $44,345,117)     45,505,371    
LIABILITIES IN EXCESS OF OTHER ASSETS (-0.1%)     (59,831 )  
NET ASSETS (100.0%)   $ 45,445,540    

 

INVESTMENT ABBREVIATION

ADR = American Depositary Receipt

*  Non-income producing security.

See Accompanying Notes to Financial Statements.
27



Credit Suisse Mid-Cap Core Fund
Schedule of Investments

April 30, 2009 (unaudited)

    Number of
Shares
  Value  
COMMON STOCKS (99.9%)  
Aerospace & Defense (0.4%)  
Alliant Techsystems, Inc.*     1,200     $ 95,580    
BE Aerospace, Inc.*     23,400       252,486    
Herley Industries, Inc.*     500       5,170    
      353,236    
Airlines (0.1%)  
Alaska Air Group, Inc.*     1,433       24,046    
JetBlue Airways Corp.*     6,500       32,045    
      56,091    
Auto Components (0.9%)  
ArvinMeritor, Inc.     3,876       4,806    
BorgWarner, Inc.     11,900       344,505    
Gentex Corp.     20,200       270,074    
Lear Corp.*     2,800       2,240    
TRW Automotive Holdings Corp.*     8,400       72,408    
      694,033    
Automobiles (0.4%)  
Thor Industries, Inc.     11,700       268,983    
Winnebago Industries, Inc.     1,000       8,810    
      277,793    
Beverages (0.7%)  
Coca-Cola Bottling Co. Consolidated     100       5,212    
Hansen Natural Corp.*     8,000       326,080    
National Beverage Corp.*     400       4,212    
PepsiAmericas, Inc.     10,100       248,157    
      583,661    
Biotechnology (0.6%)  
Affymax, Inc.*     200       3,548    
Facet Biotech Corp.*     18,260       170,731    
Metabolix, Inc.*     800       6,320    
OSI Pharmaceuticals, Inc.*     2,100       70,497    
United Therapeutics Corp.*     900       56,529    
Vertex Pharmaceuticals, Inc.*     6,600       203,412    
      511,037    
Building Products (0.3%)  
Lennox International, Inc.     8,300       264,687    
Capital Markets (1.9%)  
Affiliated Managers Group, Inc.*     1,500       85,275    
Apollo Investment Corp.     47,700       228,960    
Eaton Vance Corp.     4,400       120,428    
Epoch Holding Corp.     400       2,948    
Jefferies Group, Inc.     14,900       291,593    
Penson Worldwide, Inc.*     700       7,098    
Raymond James Financial, Inc.     11,100       174,159    

 

See Accompanying Notes to Financial Statements.
28



Credit Suisse Mid-Cap Core Fund
Schedule of Investments (continued)

April 30, 2009 (unaudited)

    Number of
Shares
  Value  
COMMON STOCKS  
Capital Markets  
SEI Investments Co.     19,200     $ 269,376    
SWS Group, Inc.     1,700       21,743    
Waddell & Reed Financial, Inc. Class A     12,290       275,419    
      1,476,999    
Chemicals (4.3%)  
Airgas, Inc.     8,000       344,960    
Albemarle Corp.     10,100       270,882    
Ashland, Inc.     2,500       54,900    
Cabot Corp.     15,800       230,680    
Chemtura Corp.     29,700       2,213    
Cytec Industries, Inc.     12,249       243,265    
FMC Corp.     6,900       336,237    
LSB Industries, Inc.*     400       4,792    
Minerals Technologies, Inc.     5,800       215,702    
NL Industries, Inc.     1,800       21,798    
Olin Corp.     17,100       215,460    
RPM International, Inc.     18,800       259,816    
Sensient Technologies Corp.     9,600       224,448    
Terra Industries, Inc.     10,300       272,950    
The Lubrizol Corp.     7,700       332,794    
The Scotts Miracle-Gro Co. Class A     1,600       54,032    
The Valspar Corp.     12,200       292,800    
      3,377,729    
Commercial Banks (5.0%)  
1st Source Corp.     300       5,892    
Ames National Corp.     200       4,336    
Arrow Financial Corp.     200       5,296    
Associated Banc-Corp.     18,810       290,991    
BancorpSouth, Inc.     11,700       272,025    
Bank of Hawaii Corp.     7,300       256,522    
Camden National Corp.     200       5,800    
Cathay General Bancorp     10,700       120,054    
City National Corp.     7,000       256,200    
Commerce Bancshares, Inc.     8,195       271,255    
Cullen/Frost Bankers, Inc.     4,700       221,323    
First Bancorp, Inc.     200       3,490    
FirstMerit Corp.     12,867       249,749    
Fulton Financial Corp.     25,200       166,572    
International Bancshares Corp.     10,100       136,451    
Lakeland Bancorp, Inc.     500       4,255    
Lakeland Financial Corp.     300       5,631    
MainSource Financial Group, Inc.     800       6,928    
PacWest Bancorp     2,100       30,597    
Renasant Corp.     400       5,640    
Sandy Spring Bancorp, Inc.     400       6,500    
Santander BanCorp     700       4,690    
SCBT Financial Corp.     300       6,921    

 

See Accompanying Notes to Financial Statements.
29



Credit Suisse Mid-Cap Core Fund
Schedule of Investments (continued)

April 30, 2009 (unaudited)

    Number of
Shares
  Value  
COMMON STOCKS  
Commercial Banks  
Simmons First National Corp. Class A     200     $ 5,186    
Southside Bancshares, Inc.     210       4,473    
StellarOne Corp.     400       5,148    
Sterling Bancorp     600       6,864    
Suffolk Bancorp     200       5,120    
SVB Financial Group*     10,900       226,284    
Synovus Financial Corp.     75,200       242,896    
TCF Financial Corp.     4,200       58,422    
The Colonial BancGroup, Inc.     20,400       15,504    
Trustmark Corp.     11,800       256,532    
Union Bankshares Corp.     200       3,418    
Univest Corp. of Pennsylvania     200       4,174    
Valley National Bancorp     19,500       282,165    
Webster Financial Corp.     100       523    
Westamerica BanCorporation     4,700       252,061    
Wilmington Trust Corp.     16,644       241,504    
      3,947,392    
Commercial Services & Supplies (2.2%)  
Clean Harbors, Inc.*     4,900       245,490    
Copart, Inc.*     8,600       269,954    
Corrections Corp. of America*     17,700       250,101    
Courier Corp.     200       3,136    
HNI Corp.     1,600       24,800    
Mine Safety Appliances Co.     9,400       231,710    
Rollins, Inc.     12,100       217,800    
Schawk, Inc.     900       6,471    
Standard Parking Corp.*     400       6,096    
The Brink's Co.     8,000       226,800    
Waste Connections, Inc.*     10,000       257,800    
      1,740,158    
Communications Equipment (1.6%)  
3Com Corp.*     13,300       53,865    
ADTRAN, Inc.     11,500       243,225    
Anaren, Inc.*     400       5,204    
Avocent Corp.*     100       1,444    
CommScope, Inc.*     12,000       301,200    
F5 Networks, Inc.*     10,500       286,335    
Hughes Communications, Inc.*     400       7,668    
Ixia*     1,200       6,912    
Loral Space & Communications, Inc.*     100       2,335    
Oplink Communications, Inc.*     700       7,728    
Palm, Inc.*     5,000       52,450    
Polycom, Inc.*     14,500       270,280    
Unity Wireless Corp.*     712,201       221    
      1,238,867    

 

See Accompanying Notes to Financial Statements.
30



Credit Suisse Mid-Cap Core Fund
Schedule of Investments (continued)

April 30, 2009 (unaudited)

    Number of
Shares
  Value  
COMMON STOCKS  
Computers & Peripherals (1.2%)  
Diebold, Inc.     10,100     $ 266,943    
NCR Corp.*     28,400       288,260    
Western Digital Corp.*     17,600       413,952    
      969,155    
Construction & Engineering (2.3%)  
Aecom Technology Corp.*     11,100       285,603    
Dycom Industries, Inc.*     700       5,894    
Granite Construction, Inc.     6,300       248,535    
KBR, Inc.     18,400       287,408    
Quanta Services, Inc.*     15,700       356,861    
The Shaw Group, Inc.*     10,000       335,300    
URS Corp.*     7,800       343,668    
      1,863,269    
Construction Materials (0.2%)  
Martin Marietta Materials, Inc.     1,500       126,045    
Consumer Finance (0.1%)  
AmeriCredit Corp.*     5,000       50,850    
Containers & Packaging (1.4%)  
AptarGroup, Inc.     9,000       279,270    
Greif, Inc. Class A     6,000       271,620    
Packaging Corp. of America     16,500       261,855    
Sonoco Products Co.     11,600       283,156    
      1,095,901    
Distributors (0.4%)  
Core-Mark Holding Co., Inc.*     300       5,751    
LKQ Corp.*     17,300       293,754    
      299,505    
Diversified Consumer Services (2.6%)  
Brink's Home Security Holdings, Inc.*     8,800       233,904    
Career Education Corp.*     11,300       249,052    
Corinthian Colleges, Inc.*     15,700       241,780    
DeVry, Inc.     7,000       297,920    
ITT Educational Services, Inc.*     1,200       120,924    
Matthews International Corp. Class A     7,300       228,636    
Regis Corp.     16,100       308,154    
Service Corporation International     9,900       44,847    
Strayer Education, Inc.     1,700       321,997    
      2,047,214    
Diversified Financial Services (0.0%)  
Asset Acceptance Capital Corp.*     600       4,974    
Compass Diversified Holdings     700       6,258    
MarketAxess Holdings, Inc.*     700       6,713    
      17,945    

 

See Accompanying Notes to Financial Statements.
31



Credit Suisse Mid-Cap Core Fund
Schedule of Investments (continued)

April 30, 2009 (unaudited)

    Number of
Shares
  Value  
COMMON STOCKS  
Diversified Telecommunication Services (0.0%)  
Cincinnati Bell, Inc.*     9,300     $ 25,947    
General Communication, Inc. Class A*     900       6,894    
Global Crossing, Ltd.*     800       5,808    
      38,649    
Electric Utilities (2.0%)  
Cleco Corp.     11,100       234,099    
DPL, Inc.     12,900       289,347    
Great Plains Energy, Inc.     17,700       256,119    
Hawaiian Electric Industries, Inc.     15,457       240,202    
IDACORP, Inc.     9,900       237,303    
NV Energy, Inc.     8,600       88,150    
Westar Energy, Inc.     15,200       266,456    
      1,611,676    
Electrical Equipment (1.6%)  
AMETEK, Inc.     9,800       315,658    
Hubbell, Inc. Class B     2,100       69,720    
Roper Industries, Inc.     7,600       346,484    
SunPower Corp. Class B*     1,042       26,425    
Thomas & Betts Corp.*     8,600       267,632    
Vicor Corp.     700       3,759    
Woodward Governor Co.     12,600       251,496    
      1,281,174    
Electronic Equipment, Instruments & Components (2.4%)  
Arrow Electronics, Inc.*     13,700       311,538    
Avnet, Inc.*     15,700       343,673    
Echelon Corp.*     203       1,616    
Electro Scientific Industries, Inc.*     700       6,020    
Ingram Micro, Inc. Class A*     20,100       291,852    
Itron, Inc.*     1,300       59,800    
KEMET Corp.*     10,700       8,560    
National Instruments Corp.     11,300       249,052    
Tech Data Corp.*     9,400       270,626    
Trimble Navigation, Ltd.*     13,600       291,584    
Vishay Intertechnology, Inc.*     7,000       41,090    
      1,875,411    
Energy Equipment & Services (3.0%)  
Exterran Holdings, Inc.*     2,300       47,495    
FMC Technologies, Inc.*     10,100       345,723    
Helmerich & Payne, Inc.     10,100       311,282    
Oceaneering International, Inc.*     6,700       305,319    
Patterson-UTI Energy, Inc.     20,500       260,555    
Pride International, Inc.*     15,100       342,770    
Superior Energy Services, Inc.*     14,700       282,387    
Tidewater, Inc.     6,600       285,450    
Unit Corp.*     8,800       240,152    
      2,421,133    

 

See Accompanying Notes to Financial Statements.
32



Credit Suisse Mid-Cap Core Fund
Schedule of Investments (continued)

April 30, 2009 (unaudited)

    Number of
Shares
  Value  
COMMON STOCKS  
Food & Staples Retailing (0.7%)  
BJ's Wholesale Club, Inc.*     8,300     $ 276,722    
Ruddick Corp.     9,700       248,902    
Susser Holdings Corp.*     300       4,335    
Village Super Market, Inc. Class A     100       3,098    
      533,057    
Food Products (1.5%)  
B&G Foods, Inc. Class A     1,100       6,732    
Calavo Growers, Inc.     300       4,263    
Corn Products International, Inc.     12,100       289,190    
Farmer Brothers Co.     200       3,950    
Flowers Foods, Inc.     11,200       258,720    
Lancaster Colony Corp.     5,200       227,760    
Ralcorp Holdings, Inc.*     2,100       120,036    
Smithfield Foods, Inc.*     4,400       38,016    
Tootsie Roll Industries, Inc.     9,000       219,150    
      1,167,817    
Gas Utilities (2.0%)  
AGL Resources, Inc.     10,000       311,700    
Energen Corp.     8,734       315,472    
National Fuel Gas Co.     9,100       297,661    
ONEOK, Inc.     3,900       102,063    
UGI Corp.     12,800       293,632    
WGL Holdings, Inc.     8,100       252,234    
      1,572,762    
Health Care Equipment & Supplies (4.7%)  
Beckman Coulter, Inc.     6,000       315,360    
Cyberonics, Inc.*     13,700       181,388    
Edwards Lifesciences Corp.*     5,400       342,252    
Gen-Probe, Inc.*     5,800       279,328    
Hill-Rom Holdings, Inc.     7,200       93,456    
Hologic, Inc.*     23,400       347,724    
IDEXX Laboratories, Inc.*     7,400       290,820    
Immucor, Inc.*     14,600       237,834    
IRIS International, Inc.*     500       5,585    
Kinetic Concepts, Inc.*     10,500       259,980    
Masimo Corp.*     9,100       262,990    
ResMed, Inc.*     8,000       307,600    
STERIS Corp.     10,800       260,280    
Synovis Life Technologies, Inc.*     400       6,072    
Teleflex, Inc.     6,300       270,774    
Thoratec Corp.*     9,400       273,164    
      3,734,607    

 

See Accompanying Notes to Financial Statements.
33



Credit Suisse Mid-Cap Core Fund
Schedule of Investments (continued)

April 30, 2009 (unaudited)

    Number of
Shares
  Value  
COMMON STOCKS  
Health Care Providers & Services (2.8%)  
Community Health Systems, Inc.*     3,400     $ 77,656    
Cross Country Healthcare, Inc.*     1,000       8,810    
Health Management Associates, Inc. Class A*     9,600       44,832    
Health Net, Inc.*     3,800       54,872    
Henry Schein, Inc.*     8,100       332,424    
LifePoint Hospitals, Inc.*     10,700       276,595    
Lincare Holdings, Inc.*     10,982       264,996    
National Research Corp.     100       2,521    
Omnicare, Inc.     10,800       277,668    
Owens & Minor, Inc.     6,800       235,824    
Psychiatric Solutions, Inc.*     2,100       40,719    
Universal Health Services, Inc. Class B     6,100       307,440    
VCA Antech, Inc.*     11,600       290,232    
      2,214,589    
Health Care Technology (0.5%)  
Cerner Corp.*     6,800       365,840    
Vital Images, Inc.*     400       4,052    
      369,892    
Hotels, Restaurants & Leisure (1.4%)  
Bob Evans Farms, Inc.     1,100       26,675    
Brinker International, Inc.     3,800       67,336    
Chipotle Mexican Grill, Inc. Class A*     3,700       300,033    
Churchill Downs, Inc.     200       6,962    
Gaylord Entertainment Co.*     200       2,788    
International Speedway Corp. Class A     10,000       236,800    
Life Time Fitness, Inc.*     1,300       24,388    
Panera Bread Co. Class A*     4,400       246,444    
Scientific Games Corp. Class A*     2,400       41,976    
Sonic Corp.*     300       3,276    
The Cheesecake Factory, Inc.*     2,200       38,214    
The Steak n Shake Co.*     2,800       32,368    
Wendy's/Arby's Group, Inc. Class A     15,600       78,000    
      1,105,260    
Household Durables (1.1%)  
American Greetings Corp. Class A     1,700       13,345    
Cavco Industries, Inc.*     200       4,688    
M.D.C. Holdings, Inc.     1,300       44,434    
Mohawk Industries, Inc.*     6,200       293,322    
NVR, Inc.*     300       151,611    
The Ryland Group, Inc.     1,600       33,136    
Toll Brothers, Inc.*     4,900       99,274    
Tupperware Brands Corp.     10,300       257,809    
      897,619    

 

See Accompanying Notes to Financial Statements.
34



Credit Suisse Mid-Cap Core Fund
Schedule of Investments (continued)

April 30, 2009 (unaudited)

    Number of
Shares
  Value  
COMMON STOCKS  
Household Products (0.6%)  
Church & Dwight Co., Inc.     2,600     $ 141,466    
Energizer Holdings, Inc.*     5,600       320,880    
      462,346    
Independent Power Producers & Energy Traders (0.0%)  
NRG Energy, Inc.*     1,600       28,768    
Industrial Conglomerates (0.3%)  
Carlisle Cos., Inc.     11,500       261,625    
Insurance (5.3%)  
Ambac Financial Group, Inc.     9,000       8,190    
American Financial Group, Inc.     13,350       234,693    
Arthur J. Gallagher & Co.     12,700       285,496    
Baldwin & Lyons, Inc. Class B     200       4,010    
Brown & Brown, Inc.     14,800       288,008    
Crawford & Co. Class B*     1,000       5,950    
Donegal Group, Inc. Class A     300       4,392    
Everest Re Group, Ltd.     4,900       365,736    
Fidelity National Financial, Inc. Class A     18,600       337,218    
First American Corp.     10,700       300,456    
Hanover Insurance Group, Inc.     8,049       241,309    
HCC Insurance Holdings, Inc.     12,000       287,040    
Horace Mann Educators Corp.     20,900       183,502    
Mercury General Corp.     7,000       236,460    
National Interstate Corp.     300       4,845    
Old Republic International Corp.     30,000       281,100    
Protective Life Corp.     2,800       23,996    
Reinsurance Group of America, Inc.     9,300       295,647    
StanCorp Financial Group, Inc.     8,986       246,486    
Unitrin, Inc.     13,764       233,988    
W.R. Berkley Corp.     13,800       329,958    
      4,198,480    
Internet & Catalog Retail (0.5%)  
Netflix, Inc.*     5,700       258,267    
Priceline.com, Inc.*     1,500       145,635    
Stamps.com, Inc.*     700       6,552    
      410,454    
Internet Software & Services (0.4%)  
Digital River, Inc.*     7,000       268,940    
DivX, Inc.*     1,200       6,156    
Internet Brands, Inc. Class A*     700       4,291    
Liquidity Services, Inc.*     700       5,271    
The Knot, Inc.*     800       7,256    
ValueClick, Inc.*     3,300       34,980    
Vignette Corp.*     900       7,434    
      334,328    

 

See Accompanying Notes to Financial Statements.
35



Credit Suisse Mid-Cap Core Fund
Schedule of Investments (continued)

April 30, 2009 (unaudited)

    Number of
Shares
  Value  
COMMON STOCKS  
IT Services (3.6%)  
Acxiom Corp.     2,500     $ 24,125    
Alliance Data Systems Corp.*     6,800       284,716    
Broadridge Financial Solutions, Inc.     29,312       567,187    
Cass Information Systems, Inc.     100       3,373    
DST Systems, Inc.*     6,800       245,956    
Gartner, Inc.*     2,300       31,073    
Global Payments, Inc.     9,000       288,540    
Hewitt Associates, Inc. Class A*     3,100       97,216    
Lender Processing Services, Inc.     9,800       280,868    
ManTech International Corp. Class A*     5,500       199,045    
NeuStar, Inc. Class A*     13,100       249,031    
RightNow Technologies, Inc.*     900       6,795    
SAIC, Inc.*     18,100       327,610    
SRA International, Inc. Class A*     14,400       221,616    
      2,827,151    
Life Sciences Tools & Services (2.5%)  
Affymetrix, Inc.*     2,600       12,194    
Bio-Rad Laboratories, Inc. Class A*     3,600       250,884    
Charles River Laboratories International, Inc.*     10,200       282,030    
Covance, Inc.*     7,300       286,744    
Mettler-Toledo International, Inc.*     4,700       289,661    
Pharmaceutical Product Development, Inc.     14,800       290,228    
Techne Corp.     4,900       280,378    
Varian, Inc.*     7,900       260,858    
      1,952,977    
Machinery (6.3%)  
AGCO Corp.*     12,300       298,890    
American Railcar Industries, Inc.     600       5,472    
Bucyrus International, Inc.     12,900       280,059    
Crane Co.     11,600       267,844    
Donaldson Co., Inc.     9,200       303,508    
Federal Signal Corp.     1,813       14,087    
Graco, Inc.     10,900       257,131    
Graham Corp.     3,900       48,750    
Harsco Corp.     10,355       285,280    
IDEX Corp.     11,200       282,800    
Joy Global, Inc.     12,100       308,550    
Kennametal, Inc.     12,200       249,490    
Lincoln Electric Holdings, Inc.     6,700       298,351    
NACCO Industries, Inc. Class A     200       7,650    
Nordson Corp.     7,000       253,960    
Omega Flex, Inc.     100       1,546    
Oshkosh Corp.     4,400       42,240    
Pentair, Inc.     11,400       303,696    
SPX Corp.     6,400       295,488    
Terex Corp.*     19,500       269,100    
The Gorman-Rupp Co.     7,300       155,490    

 

See Accompanying Notes to Financial Statements.
36



Credit Suisse Mid-Cap Core Fund
Schedule of Investments (continued)

April 30, 2009 (unaudited)

    Number of
Shares
  Value  
COMMON STOCKS  
Machinery  
The Timken Co.     15,100     $ 242,808    
Trinity Industries, Inc.     18,600       271,746    
Wabtec Corp.     7,100       270,794    
      5,014,730    
Marine (0.3%)  
Alexander & Baldwin, Inc.     9,100       242,424    
Media (0.8%)  
Belo Corp. Class A     6,000       10,200    
DreamWorks Animation SKG, Inc. Class A*     11,400       273,714    
Entercom Communications Corp. Class A     1,000       1,660    
John Wiley & Sons, Inc. Class A     1,500       50,850    
Lamar Advertising Co. Class A*     2,800       47,320    
Lee Enterprises, Inc.     3,000       1,140    
Marvel Entertainment, Inc.*     8,900       265,576    
Outdoor Channel Holdings, Inc.*     600       4,488    
      654,948    
Metals & Mining (1.7%)  
Carpenter Technology Corp.     100       2,067    
Cliffs Natural Resources, Inc.     13,400       309,004    
Commercial Metals Co.     18,100       269,328    
Reliance Steel & Aluminum Co.     8,000       281,840    
Steel Dynamics, Inc.     22,400       278,880    
Worthington Industries, Inc.     16,346       243,555    
      1,384,674    
Multi-Utilities (2.1%)  
Alliant Energy Corp.     12,700       283,972    
Black Hills Corp.     11,400       226,632    
MDU Resources Group, Inc.     18,200       319,774    
NSTAR     10,000       314,100    
OGE Energy Corp.     10,800       277,668    
PNM Resources, Inc.     700       5,964    
Vectren Corp.     12,591       279,142    
      1,707,252    
Multiline Retail (0.7%)  
99 Cents Only Stores*     19,400       208,356    
Dollar Tree, Inc.*     7,900       334,486    
Saks, Inc.*     5,300       27,613    
      570,455    
Office Electronics (0.3%)  
Zebra Technologies Corp. Class A*     12,000       255,000    

 

See Accompanying Notes to Financial Statements.
37



Credit Suisse Mid-Cap Core Fund
Schedule of Investments (continued)

April 30, 2009 (unaudited)

    Number of
Shares
  Value  
COMMON STOCKS  
Oil, Gas & Consumable Fuels (3.4%)  
APCO Argentina, Inc.     200     $ 3,814    
Arch Coal, Inc.     19,500       272,415    
Bill Barrett Corp.*     9,721       252,551    
Cimarex Energy Co.     10,200       274,380    
Comstock Resources, Inc.*     7,500       258,450    
Encore Acquisition Co.*     9,100       265,629    
Encore Energy Partners LP     400       6,680    
Forest Oil Corp.*     15,500       248,000    
Frontier Oil Corp.     17,900       227,509    
Mariner Energy, Inc.*     20,600       234,428    
Newfield Exploration Co.*     11,200       349,216    
Quicksilver Resources, Inc.*     4,200       34,146    
Southern Union Co.     16,800       267,288    
VAALCO Energy, Inc.*     19       91    
      2,694,597    
Paper & Forest Products (0.0%)  
Louisiana-Pacific Corp.     3,600       14,652    
Schweitzer-Mauduit International, Inc.     94       2,159    
      16,811    
Personal Products (0.7%)  
Alberto-Culver Co.     11,700       260,793    
Elizabeth Arden, Inc.*     1,100       9,526    
NBTY, Inc.*     10,300       266,873    
      537,192    
Pharmaceuticals (1.5%)  
Endo Pharmaceuticals Holdings, Inc.*     58,303       964,331    
Medicis Pharmaceutical Corp. Class A     2,200       35,354    
Perrigo Co.     2,900       75,168    
Sepracor, Inc.*     4,100       58,261    
Valeant Pharmaceuticals International*     3,184       53,364    
      1,186,478    
Professional Services (1.2%)  
FTI Consulting, Inc.*     5,900       323,792    
Kforce, Inc.*     700       7,637    
Manpower, Inc.     7,700       331,793    
Navigant Consulting, Inc.*     100       1,471    
Watson Wyatt Worldwide, Inc. Class A     5,400       286,470    
      951,163    
Real Estate Investment Trusts (3.8%)  
Alexandria Real Estate Equities, Inc.     1,500       54,720    
AMB Property Corp.     5,500       104,995    
Apartment Investment & Management Co. Class A     16       117    
BRE Properties, Inc.     2,000       49,140    
Camden Property Trust     2,100       56,973    

 

See Accompanying Notes to Financial Statements.
38



Credit Suisse Mid-Cap Core Fund
Schedule of Investments (continued)

April 30, 2009 (unaudited)

    Number of
Shares
  Value  
COMMON STOCKS  
Real Estate Investment Trusts  
Corporate Office Properties Trust     2,000     $ 61,120    
Cousins Properties, Inc.     1,600       13,520    
Duke Realty Corp.     8,000       78,160    
Equity One, Inc.     14,300       212,784    
Essex Property Trust, Inc.     1,000       63,490    
Federal Realty Investment Trust     2,400       132,480    
Highwoods Properties, Inc.     2,400       57,576    
Hospitality Properties Trust     20,900       255,816    
Liberty Property Trust     11,900       289,646    
Mack-Cali Realty Corp.     10,600       284,716    
Nationwide Health Properties, Inc.     3,800       93,822    
OMEGA Healthcare Investors, Inc.     3,100       48,732    
Potlatch Corp.     8,500       249,985    
Rayonier, Inc.     8,300       320,546    
Realty Income Corp.     12,900       288,057    
Regency Centers Corp.     2,800       104,860    
SL Green Realty Corp.     2,300       40,618    
The Macerich Co.     3,000       52,590    
UDR, Inc.     5,412       54,499    
Weingarten Realty Investors     3,900       60,606    
      3,029,568    
Real Estate Management & Development (0.3%)  
Consolidated-Tomoka Land Co.     400       13,916    
Jones Lang LaSalle, Inc.     7,000       225,890    
      239,806    
Road & Rail (1.0%)  
Con-way, Inc.     10,200       252,756    
Kansas City Southern*     3,200       48,800    
Landstar System, Inc.     7,300       259,953    
Universal Truckload Services, Inc.     200       2,464    
Werner Enterprises, Inc.     14,000       228,900    
YRC Worldwide, Inc.*     2,200       6,666    
      799,539    
Semiconductors & Semiconductor Equipment (2.0%)  
Actel Corp.*     600       7,422    
Atmel Corp.*     16,900       64,896    
Cohu, Inc.     800       7,808    
Cree, Inc.*     10,600       290,334    
Fairchild Semiconductor International, Inc.*     4,800       29,568    
Integrated Device Technology, Inc.*     6,500       35,295    
International Rectifier Corp.*     14,789       249,638    
Intersil Corp. Class A     21,000       243,600    
Lam Research Corp.*     12,400       345,712    
Pericom Semiconductor Corp.*     800       7,128    
RF Micro Devices, Inc.*     10,000       21,100    

 

See Accompanying Notes to Financial Statements.
39



Credit Suisse Mid-Cap Core Fund
Schedule of Investments (continued)

April 30, 2009 (unaudited)

    Number of
Shares
  Value  
COMMON STOCKS  
Semiconductors & Semiconductor Equipment  
Semtech Corp.*     2,233     $ 32,200    
Silicon Laboratories, Inc.*     7,800       259,428    
      1,594,129    
Software (2.4%)  
ACI Worldwide, Inc.*     1,400       24,178    
Advent Software, Inc.*     600       19,944    
Bottomline Technologies, Inc.*     700       5,495    
Cadence Design Systems, Inc.*     10,900       60,822    
DemandTec, Inc.*     800       5,776    
FactSet Research Systems, Inc.     5,400       289,386    
Fair Isaac Corp.     1,800       30,276    
Jack Henry & Associates, Inc.     14,100       254,082    
Macrovision Solutions Corp.*     12,700       256,794    
MSC.Software Corp.*     800       4,912    
OPNET Technologies, Inc.*     1,000       8,600    
Parametric Technology Corp.*     21,300       237,495    
Renaissance Learning, Inc.     400       3,840    
Smith Micro Software, Inc.*     900       7,740    
Sybase, Inc.*     9,400       319,224    
Synopsys, Inc.*     15,500       337,590    
Wind River Systems, Inc.*     8,900       65,237    
      1,931,391    
Specialty Retail (4.1%)  
Advance Auto Parts, Inc.     8,200       358,750    
Aeropostale, Inc.*     9,000       305,730    
American Eagle Outfitters, Inc.     20,100       297,882    
AnnTaylor Stores Corp.*     700       5,173    
Barnes & Noble, Inc.     9,800       255,976    
CarMax, Inc.*     8,300       105,908    
Chico's FAS, Inc.*     6,600       50,424    
Coldwater Creek, Inc.*     1,800       6,210    
Dick's Sporting Goods, Inc.*     13,300       252,700    
Foot Locker, Inc.     6,000       71,340    
Guess?, Inc.     10,300       268,212    
J. Crew Group, Inc.*     1,900       32,699    
PetSmart, Inc.     13,100       299,728    
Rent-A-Center, Inc.*     12,800       246,400    
Ross Stores, Inc.     9,706       368,246    
Urban Outfitters, Inc.*     15,900       309,891    
Williams-Sonoma, Inc.     3,200       44,800    
      3,280,069    
Textiles, Apparel & Luxury Goods (1.0%)  
FGX International Holdings Ltd.*     500       5,760    
Hanesbrands, Inc.*     3,500       57,610    
Phillips-Van Heusen Corp.     8,700       252,561    
The Timberland Co. Class A*     1,800       29,232    

 

See Accompanying Notes to Financial Statements.
40



Credit Suisse Mid-Cap Core Fund
Schedule of Investments (continued)

April 30, 2009 (unaudited)

    Number of
Shares
  Value  
COMMON STOCKS  
Textiles, Apparel & Luxury Goods  
The Warnaco Group, Inc.*     9,000     $ 259,560    
Under Armour, Inc. Class A*     9,483       223,230    
Weyco Group, Inc.     200       5,490    
      833,443    
Thrifts & Mortgage Finance (1.2%)  
Abington Bancorp, Inc.     600       5,274    
Astoria Financial Corp.     101       834    
BankFinancial Corp.     500       5,350    
Berkshire Hills Bancorp, Inc.     200       4,512    
Clifton Savings Bancorp, Inc.     300       3,294    
ESSA Bancorp, Inc.     400       5,456    
First Niagara Financial Group, Inc.     20,027       271,166    
Home Federal Bancorp, Inc.     400       4,036    
IndyMac Bancorp, Inc.*     100       7    
New York Community Bancorp, Inc.     13,100       148,161    
NewAlliance Bancshares, Inc.     19,500       251,745    
Roma Financial Corp.     300       3,903    
The PMI Group, Inc.     3,500       2,205    
ViewPoint Financial Group     300       4,668    
Washington Federal, Inc.     18,727       243,076    
      953,687    
Tobacco (0.3%)  
Universal Corp.     7,200       217,152    
Trading Companies & Distributors (0.7%)  
GATX Corp.     8,900       267,979    
H&E Equipment Services, Inc.*     800       6,024    
MSC Industrial Direct Co., Inc. Class A     6,900       281,865    
Rush Enterprises, Inc. Class A*     100       1,316    
Textainer Group Holdings Ltd.     700       6,202    
United Rentals, Inc.*     2,300       13,938    
      577,324    
Water Utilities (0.4%)  
Aqua America, Inc.     15,300       280,755    
Connecticut Water Service, Inc.     200       4,148    
Consolidated Water Co., Ltd.     400       5,364    
Middlesex Water Co.     300       4,230    
      294,497    
Wireless Telecommunication Services (0.2%)  
Syniverse Holdings, Inc.*     2,000       25,200    
Telephone & Data Systems, Inc.     3,700       106,079    
      131,279    
TOTAL COMMON STOCKS (Cost $82,278,872)     79,388,950    

 

See Accompanying Notes to Financial Statements.
41



Credit Suisse Mid-Cap Core Fund
Schedule of Investments (continued)

April 30, 2009 (unaudited)

    Number of
Shares
  Value  
WARRANTS (0.0%)  
Communications Equipment (0.0%)  
Unity Wireless Corp., strike price $0.20, expires 08/17/09*^     79,133     $ 0    
Unity Wireless Corp., strike price $0.22, expires 08/17/09*^     79,134       0    
Unity Wireless Corp., strike price $0.27, expires 08/17/09*^     79,133       0    
Unity Wireless Corp., strike price $0.30, expires 08/17/09*^     79,134       0    
TOTAL WARRANTS (Cost $0)     0    
    Par
(000)
     
SHORT-TERM INVESTMENT (0.1%)  
State Street Bank and Trust Co. Euro Time Deposit, 0.010%, 05/01/09 (Cost $100,000)   $ 100       100,000    
TOTAL INVESTMENTS AT VALUE (100.0%) (Cost $82,378,872)     79,488,950    
LIABILITIES IN EXCESS OF OTHER ASSETS (0.0%)     (20,094 )  
NET ASSETS (100.0%)   $ 79,468,856    

 

*  Non-income producing security.

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

See Accompanying Notes to Financial Statements.
42




Credit Suisse Funds
Statements of Assets and Liabilities

April 30, 2009 (unaudited)

    Large Cap
Growth Fund
  Mid-Cap
Core Fund
 
Assets  
Investments at value, (Cost $44,345,117 and
$82,378,872, respectively) (Note 2)
  $ 45,505,371     $ 79,488,950    
Cash     806       270    
Receivable for investments sold     4,659,562       1,891,269    
Dividend receivable     19,142       52,143    
Receivable for fund shares sold     1,368       18,936    
Receivable from investment adviser (Note 3)     9,173          
Prepaid expenses     28,164       30,807    
Total Assets     50,223,586       81,482,375    
Liabilities  
Advisory fee payable (Note 3)           19,321    
Administrative services fee payable (Note 3)     11,297       25,281    
Shareholder servicing/Distribution fee payable (Note 3)     1,239       2,024    
Payable for investments purchased     4,632,492       1,710,957    
Payable for fund shares redeemed     2,884       69,057    
Trustees'/Directors' fee payable     6,262       6,262    
Other accrued expenses payable     123,872       180,617    
Total Liabilities     4,778,046       2,013,519    
Net Assets  
Capital stock, $.001 par value (Note 6)     3,717       3,302    
Paid-in capital (Note 6)     357,996,018       229,197,164    
Undistributed net investment income     254,550       8,322    
Accumulated net realized loss on investments, foreign currency
transactions and futures contracts
    (313,969,000 )     (146,850,010 )  
Net unrealized appreciation (depreciation) from investments and foreign
currency translations
    1,160,255       (2,889,922 )  
Net Assets   $ 45,445,540     $ 79,468,856    
Common Shares  
Net assets   $ 43,742,093     $ 74,722,118    
Shares outstanding     3,570,753       3,089,844    
Net asset value, offering price and redemption price per share   $ 12.25     $ 24.18    
Advisor Shares  
Net assets   $ 837,549     $ 4,215,375    
Shares outstanding     72,751       189,355    
Net asset value, offering price and redemption price per share   $ 11.51     $ 22.26    

 

See Accompanying Notes to Financial Statements.
43



Credit Suisse Funds
Statements of Assets and Liabilities (continued)

April 30, 2009 (unaudited)

    Large Cap
Growth Fund
  Mid-Cap
Core Fund
 
A Shares  
Net assets   $ 526,402     $ 460,921    
Shares outstanding     43,736       19,316    
Net asset value and redemption price per share   $ 12.04     $ 23.86    
Maximum offering price per share (net asset value/(1-5.75%))   $ 12.77     $ 25.32    
B Shares  
Net assets   $ 198,819     $ 69,651    
Shares outstanding     17,472       3,030    
Net asset value and offering price per share   $ 11.38     $ 22.99    
C Shares  
Net assets   $ 140,677     $ 791    
Shares outstanding     12,361       34    
Net asset value and offering price per share   $ 11.38     $ 23.02    

 

See Accompanying Notes to Financial Statements.
44



Credit Suisse Funds
Statements of Operations

For the Six Months Ended April 30, 2009 (unaudited)

    Large Cap
Growth Fund
  Mid-Cap
Core Fund
 
Investment Income (Note 2)  
Dividends   $ 536,300     $ 1,165,646    
Interest     5       10    
Securities lending     37       284    
Foreign taxes withheld     (8,423 )     (13 )  
Total investment income     527,919       1,165,927    
Expenses  
Investment advisory fees (Note 3)     107,599       255,214    
Administrative services fees (Note 3)     48,229       69,039    
Shareholder servicing/Distribution fees (Note 3)  
Advisor Class     1,984       9,861    
Class A     627       467    
Class B     1,014       270    
Class C     719       3    
Transfer agent fees (Note 3)     97,534       183,351    
Custodian fees     74,200       89,060    
Registration fees     46,437       44,206    
Printing fees (Note 3)     25,213       23,366    
Legal fees     19,283       15,544    
Audit and tax fees     12,135       14,898    
Trustees'/Directors' fees     8,168       8,168    
Insurance expense     1,420       2,500    
Commitment fees (Note 4)     493       927    
Interest expense (Note 4)     220          
Miscellaneous expense     2,824       2,774    
Total expenses     448,099       719,648    
Less: fees waived and expenses reimbursed (Note 3)     (174,758 )     (180,389 )  
Net expenses     273,341       539,259    
Net investment income     254,578       626,668    
Net Realized and Unrealized Gain (Loss) from Investments
and Foreign Currency Related Items
 
Net realized loss from investments     (17,232,209 )     (32,394,677 )  
Net realized gain from foreign currency transactions     10          
Net change in unrealized appreciation (depreciation) from investments     15,295,213       28,998,138    
Net change in unrealized appreciation (depreciation) from
foreign currency translations
    1          
Net realized and unrealized loss from investments and
foreign currency related items
    (1,936,985 )     (3,396,539 )  
Net decrease in net assets resulting from operations   $ (1,682,407 )   $ (2,769,871 )  

 

See Accompanying Notes to Financial Statements.
45




Credit Suisse Funds
Statements of Changes in Net Assets

    Large Cap Growth Fund   Mid-Cap Core Fund  
    For the Six Months
Ended
April 30, 2009
(unaudited)
  For the Year
Ended
October 31, 2008
  For the Six Months
Ended
April 30, 2009
(unaudited)
  For the Year
Ended
October 31, 2008
 
From Operations  
Net investment income   $ 254,578     $ 223,002     $ 626,668     $ 313,122    
Net realized loss from
investments and foreign
currency transactions
    (17,232,199 )     (7,438,891 )     (32,394,677 )     (8,579,946 )  
Net change in unrealized
appreciation (depreciation)
from investments and foreign
currency translations
    15,295,214       (28,808,883 )     28,998,138       (47,759,376 )  
Net decrease in net assets
resulting from operations
    (1,682,407 )     (36,024,772 )     (2,769,871 )     (56,026,200 )  
From Dividends  
Dividends from net investment income
Common Class shares
    (208,055 )     (12,298 )     (882,625 )        
Advisor Class shares     (4,669 )           (17,209 )        
Class A shares     (2,558 )           (1,919 )        
Class B shares     (1,143 )           (149 )        
Class C shares     (760 )           (3 )        
Net decrease in net assets
resulting from dividends
    (217,185 )     (12,298 )     (901,905 )        
From Capital Share Transactions (Note 6)  
Proceeds from sale of shares     934,506       3,339,078       3,162,412       8,104,375    
Reinvestment of dividends     207,751       11,938       889,594          
Net asset value of shares redeemed     (6,152,206 )     (25,841,004 )     (9,960,367 )     (47,718,163 )  
Net decrease in net assets from
capital share transactions
    (5,009,949 )     (22,489,988 )     (5,908,361 )     (39,613,788 )  
Net decrease in net assets     (6,909,541 )     (58,527,058 )     (9,580,137 )     (95,639,988 )  
Net Assets  
Beginning of period     52,355,081       110,882,139       89,048,993       184,688,981    
End of period   $ 45,445,540     $ 52,355,081     $ 79,468,856     $ 89,048,993    
Undistributed net
investment income
  $ 254,550     $ 217,157     $ 8,322     $ 283,559    

 

See Accompanying Notes to Financial Statements.
46




Credit Suisse Large Cap Growth Fund
Financial Highlights

(For a Common Class Share of the Fund Outstanding Throughout Each Period)

    For the Six
Months Ended
April 30, 2009
  For the Year Ended October 31,  
    (unaudited)   2008   2007   2006   2005   2004  
Per share data  
Net asset value, beginning of period   $ 12.58     $ 20.32     $ 17.40     $ 16.49     $ 15.26     $ 14.75    
INVESTMENT OPERATIONS  
Net investment income (loss)1     0.07       0.05       0.01       (0.04 )     0.01       (0.09 )  
Net gain (loss) on investments and
foreign currency related items
(both realized and unrealized)
    (0.34 )     (7.79 )     2.91       0.97       1.22       0.60    
Total from investment operations     (0.27 )     (7.74 )     2.92       0.93       1.23       0.51    
LESS DIVIDENDS  
Dividends from net investment income     (0.06 )     (0.00 )2           (0.02 )              
Net asset value, end of period   $ 12.25     $ 12.58     $ 20.32     $ 17.40     $ 16.49     $ 15.26    
Total return3     (2.14 )%     (38.08 )%     16.78 %     5.62 %     8.06 %     3.46 %  
RATIOS AND SUPPLEMENTAL DATA  
Net assets, end of period (000s omitted)   $ 43,742     $ 50,314     $ 105,404     $ 181,077     $ 291,148     $ 433,681    
Ratio of expenses to average net assets     1.25 %4     1.24 %     1.10 %     1.20 %     1.17 %     1.16 %  
Ratio of net investment income (loss)
to average net assets
    1.20 %4     0.29 %     0.04 %     (0.24 )%     0.09 %     (0.57 )%  
Decrease reflected in above
operating expense ratios
due to waivers/reimbursements
    0.81 %4                                
Portfolio turnover rate     215 %     171 %     161 %     94 %     97 %     70 %  

 

1  Per share information is calculated using the average shares outstanding method.

2  This amount represents less than $(0.01) per share.

3  Total returns are historical and assume changes in share price and reinvestment of all dividends and distributions. Had certain expenses not been reduced during the periods shown, total returns would have been lower. Total returns for periods less than one year are not annualized.

4  Annualized.

See Accompanying Notes to Financial Statements.
47



Credit Suisse Large Cap Growth Fund
Financial Highlights

(For an Advisor Class Share of the Fund Outstanding Throughout Each Period)

    For the Six
Months Ended
April 30, 2009
  For the Year Ended October 31,  
    (unaudited)   2008   2007   2006   2005   2004  
Per share data  
Net asset value, beginning of period   $ 11.86     $ 19.24     $ 16.56     $ 15.76     $ 14.65     $ 14.24    
INVESTMENT OPERATIONS  
Net investment income (loss)1     0.04       (0.03 )     (0.08 )     (0.12 )     (0.04 )     (0.16 )  
Net gain (loss) on investments and
foreign currency related items
(both realized and unrealized)
    (0.33 )     (7.35 )     2.76       0.92       1.15       0.57    
Total from investment operations     (0.29 )     (7.38 )     2.68       0.80       1.11       0.41    
LESS DIVIDENDS  
Dividends from net investment income     (0.06 )                                
Net asset value, end of period   $ 11.51     $ 11.86     $ 19.24     $ 16.56     $ 15.76     $ 14.65    
Total return2     (2.43 )%     (38.36 )%     16.18 %     5.08 %     7.58 %     2.88 %  
RATIOS AND SUPPLEMENTAL DATA  
Net assets, end of period (000s omitted)   $ 838     $ 988     $ 3,541     $ 3,729     $ 5,334     $ 14,723    
Ratio of expenses to average net assets     1.75 %3     1.71 %     1.60 %     1.70 %     1.67 %     1.66 %  
Ratio of net investment income (loss)
to average net assets
    0.73 %3     (0.19 )%     (0.46 )%     (0.74 )%     (0.41 )%     (1.07 )%  
Decrease reflected in above
operating expense ratios
due to waivers/reimbursements
    0.81 %3                                
Portfolio turnover rate     215 %     171 %     161 %     94 %     97 %     70 %  

 

1  Per share information is calculated using the average shares outstanding method.

2  Total returns are historical and assume changes in share price and reinvestment of all dividends and distributions. Had certain expenses not been reduced during the periods shown, total returns would have been lower. Total returns for periods less than one year are not annualized.

3  Annualized.

See Accompanying Notes to Financial Statements.
48



Credit Suisse Large Cap Growth Fund
Financial Highlights

(For a Class A Share of the Fund Outstanding Throughout Each Period)

    For the Six
Months Ended
April 30, 2009
  For the Year Ended October 31,  
    (unaudited)   2008   2007   2006   2005   2004  
Per share data  
Net asset value, beginning of period   $ 12.38     $ 20.03     $ 17.20     $ 16.33     $ 15.14     $ 14.68    
INVESTMENT OPERATIONS  
Net investment income (loss)1     0.05       0.01       (0.04 )     (0.08 )     (0.00 )2     (0.12 )  
Net gain (loss) on investments and
foreign currency related items
(both realized and unrealized)
    (0.33 )     (7.66 )     2.87       0.95       1.19       0.58    
Total from investment operations     (0.28 )     (7.65 )     2.83       0.87       1.19       0.46    
LESS DIVIDENDS  
Dividends from net investment income     (0.06 )                                
Net asset value, end of period   $ 12.04     $ 12.38     $ 20.03     $ 17.20     $ 16.33     $ 15.14    
Total return3     (2.25 )%     (38.19 )%     16.45 %     5.33 %     7.86 %     3.13 %  
RATIOS AND SUPPLEMENTAL DATA  
Net assets, end of period (000s omitted)   $ 526     $ 606     $ 1,285     $ 1,329     $ 1,585     $ 2,490    
Ratio of expenses to average net assets     1.50 %4     1.50 %     1.35 %     1.45 %     1.42 %     1.41 %  
Ratio of net investment income (loss)
to average net assets
    0.96 %4     0.05 %     (0.21 )%     (0.49 )%     (0.16 )%     (0.82 )%  
Decrease reflected in above
operating expense ratios
due to waivers/reimbursements
    0.81 %4                                
Portfolio turnover rate     215 %     171 %     161 %     94 %     97 %     70 %  

 

1  Per share information is calculated using the average shares outstanding method.

2  This amount represents less than $(0.01) per share.

3  Total returns are historical and assume changes in share price, reinvestment of all dividends and distributions and no sales charge. Had certain expenses not been reduced during the periods shown, total returns would have been lower. Total returns for periods less than one year are not annualized.

4  Annualized.

See Accompanying Notes to Financial Statements.
49



Credit Suisse Large Cap Growth Fund
Financial Highlights

(For a Class B Share of the Fund Outstanding Throughout Each Period)

    For the Six
Months Ended
April 30, 2009
  For the Year Ended October 31,  
    (unaudited)   2008   2007   2006   2005   2004  
Per share data  
Net asset value, beginning of period   $ 11.75     $ 19.16     $ 16.58     $ 15.85     $ 14.82     $ 14.47    
INVESTMENT OPERATIONS  
Net investment income (loss)1     0.01       (0.12 )     (0.17 )     (0.20 )     (0.16 )     (0.23 )  
Net gain (loss) on investments and
foreign currency related items
(both realized and unrealized)
    (0.32 )     (7.29 )     2.75       0.93       1.19       0.58    
Total from investment operations     (0.31 )     (7.41 )     2.58       0.73       1.03       0.35    
LESS DIVIDENDS  
Dividends from net investment income     (0.06 )                                
Net asset value, end of period   $ 11.38     $ 11.75     $ 19.16     $ 16.58     $ 15.85     $ 14.82    
Total return2     (2.63 )%     (38.67 )%     15.56 %     4.61 %     6.95 %     2.42 %  
RATIOS AND SUPPLEMENTAL DATA  
Net assets, end of period (000s omitted)   $ 199     $ 244     $ 285     $ 498     $ 625     $ 543    
Ratio of expenses to average net assets     2.25 %3     2.28 %     2.10 %     2.20 %     2.17 %     2.16 %  
Ratio of net investment income (loss)
to average net assets
    0.21 %3     (0.73 )%     (0.97 )%     (1.24 )%     (0.91 )%     (1.57 )%  
Decrease reflected in above
operating expense ratios
due to waivers/reimbursements
    0.81 %3                                
Portfolio turnover rate     215 %     171 %     161 %     94 %     97 %     70 %  

 

1  Per share information is calculated using the average shares outstanding method.

2  Total returns are historical and assume changes in share price, reinvestment of all dividends and distributions and no sales charge. Had certain expenses not been reduced during the periods shown, total returns would have been lower. Total returns for periods less than one year are not annualized.

3  Annualized.

See Accompanying Notes to Financial Statements.
50



Credit Suisse Large Cap Growth Fund
Financial Highlights

(For a Class C Share of the Fund Outstanding Throughout Each Period)

    For the Six
Months Ended
April 30, 2009
  For the Year Ended October 31,  
    (unaudited)   2008   2007   2006   2005   2004  
Per share data  
Net asset value, beginning of period   $ 11.75     $ 19.16     $ 16.58     $ 15.85     $ 14.81     $ 14.47    
INVESTMENT OPERATIONS  
Net investment income (loss)1     0.01       (0.12 )     (0.17 )     (0.20 )     (0.14 )     (0.23 )  
Net gain (loss) on investments and
foreign currency related items
(both realized and unrealized)
    (0.32 )     (7.29 )     2.75       0.93       1.18       0.57    
Total from investment operations     (0.31 )     (7.41 )     2.58       0.73       1.04       0.34    
LESS DIVIDENDS  
Dividends from net investment income     (0.06 )                                
Net asset value, end of period   $ 11.38     $ 11.75     $ 19.16     $ 16.58     $ 15.85     $ 14.81    
Total return2     (2.63 )%     (38.67 )%     15.56 %     4.61 %     7.02 %     2.35 %  
RATIOS AND SUPPLEMENTAL DATA  
Net assets, end of period (000s omitted)   $ 141     $ 203     $ 367     $ 385     $ 471     $ 849    
Ratio of expenses to average net assets     2.25 %3     2.26 %     2.10 %     2.20 %     2.17 %     2.16 %  
Ratio of net investment income (loss)
to average net assets
    0.27 %3     (0.72 )%     (0.96 )%     (1.24 )%     (0.91 )%     (1.57 )%  
Decrease reflected in above
operating expense ratios
due to waivers/reimbursements
    0.81 %3                                
Portfolio turnover rate     215 %     171 %     161 %     94 %     97 %     70 %  

 

1  Per share information is calculated using the average shares outstanding method.

2  Total returns are historical and assume changes in share price, reinvestment of all dividends and distributions and no sales charge. Had certain expenses not been reduced during the periods shown, total returns would have been lower. Total returns for periods less than one year are not annualized.

3  Annualized.

See Accompanying Notes to Financial Statements.
51



Credit Suisse Mid-Cap Core Fund
Financial Highlights

(For a Common Class Share of the Fund Outstanding Throughout Each Period)

    For the Six
Months Ended
April 30, 2009
  For the Year Ended October 31,  
    (unaudited)   2008   2007   2006   2005   2004  
Per share data  
Net asset value, beginning of period   $ 24.95     $ 39.24     $ 33.21     $ 31.67     $ 28.04     $ 26.79    
INVESTMENT OPERATIONS  
Net investment income (loss)1     0.19       0.09       (0.07 )     (0.19 )     (0.27 )     (0.30 )  
Net gain (loss) on investments and
futures contracts (both realized
and unrealized)
    (0.78 )     (14.38 )     6.10       1.73       3.90       1.55    
Total from investment operations     (0.59 )     (14.29 )     6.03       1.54       3.63       1.25    
LESS DIVIDENDS  
Dividends from net investment income     (0.18 )                                
Net asset value, end of period   $ 24.18     $ 24.95     $ 39.24     $ 33.21     $ 31.67     $ 28.04    
Total return2     (1.90 )%     (36.42 )%     18.16 %     4.86 %     12.95 %     4.67 %  
RATIOS AND SUPPLEMENTAL DATA  
Net assets, end of period (000s omitted)   $ 74,722     $ 83,760     $ 173,327     $ 228,798     $ 290,509     $ 364,298    
Ratio of expenses to average net assets     1.45 %3     1.32 %     1.25 %     1.35 %     1.39 %     1.40 %  
Ratio of net investment income (loss)
to average net assets
    1.75 %3     0.25 %     (0.19 )%     (0.56 )%     (0.87 )%     (1.08 )%  
Decrease reflected in above
operating expense ratios
due to waivers/reimbursements
    0.49 %3           0.00 %4     0.03 %              
Portfolio turnover rate     249 %     208 %     278 %     69 %     79 %     106 %  

 

1  Per share information is calculated using the average shares outstanding method.

2  Total returns are historical and assume changes in share price and reinvestment of all dividends and distributions. Had certain expenses not been reduced during the periods shown, total returns would have been lower. Total returns for periods less than one year are not annualized.

3  Annualized.

4  This amount represents less than 0.01%.

See Accompanying Notes to Financial Statements.
52



Credit Suisse Mid-Cap Core Fund
Financial Highlights

(For an Advisor Class Share of the Fund Outstanding Throughout Each Period)

    For the Six
Months Ended
April 30, 2009
  For the Year Ended October 31,  
    (unaudited)   2008   2007   2006   2005   2004  
Per share data  
Net asset value, beginning of period   $ 22.84     $ 36.09     $ 30.70     $ 29.42     $ 26.18     $ 25.14    
INVESTMENT OPERATIONS  
Net investment income (loss)1     0.13       (0.08 )     (0.23 )     (0.33 )     (0.40 )     (0.41 )  
Net gain (loss) on investments and
futures contracts (both realized
and unrealized)
    (0.63 )     (13.17 )     5.62       1.61       3.64       1.45    
Total from investment operations     (0.50 )     (13.25 )     5.39       1.28       3.24       1.04    
LESS DIVIDENDS  
Dividends from net investment income     (0.08 )                                
Net asset value, end of period   $ 22.26     $ 22.84     $ 36.09     $ 30.70     $ 29.42     $ 26.18    
Total return2     (2.15 )%     (36.71 )%     17.56 %     4.35 %     12.38 %     4.14 %  
RATIOS AND SUPPLEMENTAL DATA  
Net assets, end of period (000s omitted)   $ 4,215     $ 4,844     $ 10,892     $ 16,250     $ 24,851     $ 26,474    
Ratio of expenses to average net assets     1.95 %3     1.82 %     1.75 %     1.85 %     1.89 %     1.90 %  
Ratio of net investment income (loss)
to average net assets
    1.28 %3     (0.25 )%     (0.68 )%     (1.06 )%     (1.37 )%     (1.58 )%  
Decrease reflected in above
operating expense ratios
due to waivers/reimbursements
    0.49 %3           0.01 %     0.03 %              
Portfolio turnover rate     249 %     208 %     278 %     69 %     79 %     106 %  

 

1  Per share information is calculated using the average shares outstanding method.

2  Total returns are historical and assume changes in share price and reinvestment of all dividends and distributions. Had certain expenses not been reduced during the periods shown, total returns would have been lower. Total returns for periods less than one year are not annualized.

3  Annualized.

See Accompanying Notes to Financial Statements.
53



Credit Suisse Mid-Cap Core Fund
Financial Highlights

(For a Class A Share of the Fund Outstanding Throughout Each Period)

    For the Six
Months Ended
April 30, 2009
  For the Year Ended October 31,  
    (unaudited)   2008   2007   2006   2005   2004  
Per share data  
Net asset value, beginning of period   $ 24.48     $ 38.59     $ 32.73     $ 31.29     $ 27.77     $ 26.60    
INVESTMENT OPERATIONS  
Net investment income (loss)1     0.14       0.04       (0.15 )     (0.27 )     (0.34 )     (0.38 )  
Net gain (loss) on investments and
futures contracts (both realized
and unrealized)
    (0.64 )     (14.15 )     6.01       1.71       3.86       1.55    
Total from investment operations     (0.50 )     (14.11 )     5.86       1.44       3.52       1.17    
LESS DIVIDENDS  
Dividends from net investment income     (0.12 )                                
Net asset value, end of period   $ 23.86     $ 24.48     $ 38.59     $ 32.73     $ 31.29     $ 27.77    
Total return2     (2.00 )%     (36.56 )%     17.90 %     4.60 %     12.68 %     4.40 %  
RATIOS AND SUPPLEMENTAL DATA  
Net assets, end of period (000s omitted)   $ 461     $ 399     $ 345     $ 555     $ 688     $ 567    
Ratio of expenses to average net assets     1.70 %3     1.54 %     1.50 %     1.60 %     1.64 %     1.65 %  
Ratio of net investment income (loss)
to average net assets
    1.36 %3     0.11 %     (0.42 )%     (0.81 )%     (1.12 )%     (1.33 )%  
Decrease reflected in above
operating expense ratios
due to waivers/reimbursements
    0.50 %3           0.01 %     0.03 %              
Portfolio turnover rate     249 %     208 %     278 %     69 %     79 %     106 %  

 

1  Per share information is calculated using the average shares outstanding method.

2  Total returns are historical and assume changes in share price, reinvestment of all dividends and distributions and no sales charge. Had certain expenses not been reduced during the periods shown, total returns would have been lower. Total returns for periods less than one year are not annualized.

3  Annualized.

See Accompanying Notes to Financial Statements.
54



Credit Suisse Mid-Cap Core Fund
Financial Highlights

(For a Class B Share of the Fund Outstanding Throughout Each Period)

    For the Six
Months Ended
April 30, 2009
  For the Year Ended October 31,   For the
Period Ended
October 31,
 
    (unaudited)   2008   2007   2006   2005   20041  
Per share data  
Net asset value, beginning of period   $ 23.63     $ 37.54     $ 32.10     $ 30.91     $ 27.64     $ 29.10    
INVESTMENT OPERATIONS  
Net investment income (loss)2     0.03       (0.27 )     (0.43 )     (0.50 )     (0.58 )     (0.38 )  
Net gain (loss) on investments and
futures contracts (both realized
and unrealized)
    (0.59 )     (13.64 )     5.87       1.69       3.85       (1.08 )  
Total from investment operations     (0.56 )     (13.91 )     5.44       1.19       3.27       (1.46 )  
LESS DIVIDENDS  
Dividends from net investment income     (0.08 )                                
Net asset value, end of period   $ 22.99     $ 23.63     $ 37.54     $ 32.10     $ 30.91     $ 27.64    
Total return3     (2.33 )%     (37.05 )%     16.95 %     3.85 %     11.83 %     (5.02 )%  
RATIOS AND SUPPLEMENTAL DATA  
Net assets, end of period (000s omitted)   $ 70     $ 45     $ 124     $ 80     $ 55     $ 7    
Ratio of expenses to average net assets     2.45 %4     2.35 %     2.25 %     2.35 %     2.39 %     2.40 %4  
Ratio of net investment income (loss)
to average net assets
    0.31 %4     (0.82 )%     (1.22 )%     (1.56 )%     (1.87 )%     (2.08 )%4  
Decrease reflected in above
operating expense ratios
due to waivers/reimbursements
    0.49 %4           0.00 %5     0.03 %              
Portfolio turnover rate     249 %     208 %     278 %     69 %     79 %     106 %  

 

1  For the period February 27, 2004 (inception date) through October 31, 2004.

2  Per share information is calculated using the average shares outstanding method.

3  Total returns are historical and assume changes in share price, reinvestment of all dividends and distributions and no sales charge. Had certain expenses not been reduced during the periods shown, total returns would have been lower. Total returns for periods less than one year are not annualized.

4  Annualized.

5  This amount represents less than 0.01%.

See Accompanying Notes to Financial Statements.
55



Credit Suisse Mid-Cap Core Fund
Financial Highlights

(For a Class C Share of the Fund Outstanding Throughout Each Period)

    For the Six
Months Ended
April 30, 2009
  For the Year Ended October 31,   For the
Period Ended
October 31,
 
    (unaudited)   2008   2007   2006   2005   20041  
Per share data  
Net asset value, beginning of period   $ 23.67     $ 37.59     $ 32.10     $ 30.91     $ 27.67     $ 29.10    
INVESTMENT OPERATIONS  
Net investment income (loss)2     0.08       (0.22 )     (0.40 )     (0.51 )     (0.62 )     (0.38 )  
Net gain (loss) on investments and
futures contracts (both realized
and unrealized)
    (0.65 )     (13.70 )     5.89       1.70       3.86       (1.05 )  
Total from investment operations     (0.57 )     (13.92 )     5.49       1.19       3.24       (1.43 )  
LESS DIVIDENDS  
Dividends from net investment income     (0.08 )                                
Net asset value, end of period   $ 23.02     $ 23.67     $ 37.59     $ 32.10     $ 30.91     $ 27.67    
Total return3     (2.37 )%     (37.03 )%     17.10 %     3.85 %     11.71 %     (4.91 )%  
RATIOS AND SUPPLEMENTAL DATA  
Net assets, end of period (000s omitted)   $ 1     $ 1     $ 1     $ 1     $ 1     $ 1    
Ratio of expenses to average net assets     2.45 %4     2.28 %     2.16 %     2.35 %     2.39 %     2.40 %4  
Ratio of net investment income (loss)
to average net assets
    0.76 %4     (0.68 )%     (1.15 )%     (1.56 )%     (1.87 )%     (2.08 )%4  
Decrease reflected in above
operating expense ratios
due to waivers/reimbursements
    0.44 %4           0.00 %5     0.03 %              
Portfolio turnover rate     249 %     208 %     278 %     69 %     79 %     106 %  

 

1  For the period February 27, 2004 (inception date) through October 31, 2004.

2  Per share information is calculated using the average shares outstanding method.

3  Total returns are historical and assume changes in share price, reinvestment of all dividends and distributions and no sales charge. Had certain expenses not been reduced during the periods shown, total returns would have been lower. Total returns for periods less than one year are not annualized.

4  Annualized.

5  This amount represents less than 0.01%.

See Accompanying Notes to Financial Statements.
56




Credit Suisse Funds
Notes to Financial Statements
April 30, 2009 (unaudited)

Note 1. Organization

The Credit Suisse Funds covered in this report are Credit Suisse Large Cap Growth Fund ("Large Cap Growth") and Credit Suisse Mid-Cap Core Fund ("Mid-Cap Core"), each of which is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as a diversified open-end management investment company. Large Cap Growth was organized under the laws of the Commonwealth of Massachusetts as a business trust on January 20, 1987. Mid-Cap Core was incorporated under the laws of the State of Maryland on November 12, 1987. Investment objectives for each Fund are as follows: Large Cap Growth seeks long-term capital appreciation and Mid-Cap Core seeks maximum capital appreciation.

Large Cap Growth and Mid-Cap Core each offer five classes of shares: Common Class, Advisor Class, Class A, Class B, and Class C shares. The Funds' Common Class shares are closed to new investors, with certain exceptions as set forth in the prospectus. Each class of shares in each Fund represents an equal pro rata interest in each Fund, except that they bear different expenses, which reflect the difference in the range of services provided to them. Class A shares are sold subject to a maximum front-end sales charge of 5.75%. Class B shares are sold subject to a contingent deferred sales charge which declines from 4.00% to zero depending on the period of time the shares are held. Class C shares are sold subject to a contingent deferred sales charge of 1.00% if the shares are redeemed within the first year of purchase.

Note 2. Significant Accounting Policies

A) SECURITY VALUATION — The net asset value of each 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. Equity investments are valued at market value, which is generally determined using the closing price on the exchange or market on which the security is primarily traded at the time of valuation (the "Valuation Time"). If no sales are reported, equity investments are generally valued at the most recent bid quotation as of the Valuation Time or at the lowest asked quotation in the case of a short sale of securities. Debt securities with a remaining maturity greater than 60 days are valued in accordance with the price supplied by a pricing service, which may use a matrix, formula or other objective method that takes into consideration market indices, yield curves and other specific adjustments. Debt obligations that will mature in 60 days or less are valued on the basis of amortized cost, which approximates market value, unless it is determined that using this method would not represent fair value. Investments in mutual funds are valued at the mutual fund's closing net asset value per share on the day of


57



Credit Suisse Funds
Notes to Financial Statements (continued)
April 30, 2009 (unaudited)

Note 2. Significant Accounting Policies

valuation. Securities and other assets for which market quotations are not readily available, or whose values have been materially affected by events occurring before the Fund's Valuation Time but after the close of the securities' primary markets, are valued at fair value as determined in good faith by, or under the direction of, the Board of Trustees/Directors under procedures established by the Board of Trustees/Directors. The Funds may utilize a service provided by an independent third party which has been approved by the Board of Trustees/Directors to fair value certain securities. When fair-value pricing is employed, the prices of securities used by the Funds to calculate its net asset value may differ from quoted or published prices for the same securities.

Each Fund adopted Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157, Fair Value Measurements ("FAS 157"), effective November 1, 2008. In accordance with FAS 157, fair value is defined as the price that a Fund would receive upon selling an investment in a timely transaction to an independent buyer in the principal or most advantageous market of the investment. FAS 157 established a three-tier hierarchy to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk, for example, the risk inherent in a particular valuation technique used to measure fair value including such a pricing model and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity's own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The three-tier hierarchy of inputs is 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 a Fund's own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.


58



Credit Suisse Funds
Notes to Financial Statements (continued)
April 30, 2009 (unaudited)

Note 2. Significant Accounting Policies

The following is a summary of the inputs used as of April 30, 2009 in valuing each Fund's investments carried at value:

Large Cap Growth  
Valuation Inputs   Investments in
Securities
  Other Financial
Instruments*
 
Level 1 – Quoted Prices   $ 44,748,371     $    
Level 2 – Other Significant Observable Inputs     757,000          
Level 3 – Significant Unobservable Inputs              
Total   $ 45,505,371     $    
Mid-Cap Core  
Valuation Inputs   Investments in
Securities
  Other Financial
Instruments*
 
Level 1 – Quoted Prices   $ 79,388,950     $    
Level 2 – Other Significant Observable Inputs     100,000          
Level 3 – Significant Unobservable Inputs              
Total   $ 79,488,950     $    

 

*Other financial instruments include futures, forwards and swap contracts.

B) FOREIGN CURRENCY TRANSACTIONS — The books and records of the Funds 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 are translated into U.S. dollar amounts at the current exchange rate at the end of the period. Translation gains or losses resulting from changes in the exchange rate during the reporting period and realized gains and losses on the settlement of foreign currency transactions are reported in the results of operations for the current period. The Funds do not isolate that portion of realized gains and losses on investments in equity securities which is due to changes in the foreign exchange rate from that which is due to changes in market prices of equity securities. The Funds isolate that portion of realized gains and losses on investments in debt securities which is due to changes in the foreign exchange rate from that which is due to changes in market prices of debt securities.

C) SECURITY TRANSACTIONS AND INVESTMENT INCOME — Security transactions are accounted for on a trade date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date. Certain expenses are class-specific expenses and vary by class. Income, expenses (excluding class-specific expenses) and realized/unrealized gains/losses are allocated proportionately to each class of shares based upon the relative net asset value of the outstanding shares of that class. The cost of investments sold is determined by use of the specific identification method for both financial reporting and income tax purposes.


59



Credit Suisse Funds
Notes to Financial Statements (continued)
April 30, 2009 (unaudited)

Note 2. Significant Accounting Policies

D) DIVIDENDS AND DISTRIBUTIONS TO SHAREHOLDERS — Dividends from net investment income and 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. Income and capital gain distributions are determined in accordance with federal income tax regulations, which may differ from accounting principles generally accepted in the United States of America ("GAAP").

E) FEDERAL INCOME TAXES — No provision is made for federal taxes as it is each Fund's intention to continue to qualify for and elect the tax treatment applicable to regulated investment companies under the Internal Revenue Code of 1986, as amended, and to make the requisite distributions to its shareholders, which will be sufficient to relieve it from federal income and excise taxes.

During June 2006, the Financial Accounting Standards Board ("FASB") issued FASB Interpretation 48 ("FIN 48" or the "Interpretation"), Accounting for Uncertainty in Income Taxes — an interpretation of FASB statement 109. The Funds have reviewed their current tax positions and have determined that no provision for income tax is required in the Funds' financial statements. The Funds' federal tax returns for the prior three fiscal years remain subject to examination by the Internal Revenue Service.

F) USE OF ESTIMATES — The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period. Actual results could differ from these estimates.

G) SHORT-TERM INVESTMENTS — The Funds, together with other funds/portfolios advised by Credit Suisse Asset Management, LLC ("Credit Suisse"), an indirect, wholly-owned subsidiary of Credit Suisse Group AG, pool available cash into either a short-term variable rate time deposit issued by State Street Bank and Trust Company ("SSB"), the Funds' custodian, or a money market fund advised by Credit Suisse. The short-term time deposit issued by SSB is a variable rate account classified as a short-term investment.

H) FUTURES — The Funds may enter into futures contracts to the extent permitted by its investment policies and objectives. Upon entering into a futures contract, the Funds are required to deposit cash or pledge U.S. Government securities as initial margin. Subsequent payments, which are dependent on the daily fluctuations in the value of the underlying instrument, are made or received


60



Credit Suisse Funds
Notes to Financial Statements (continued)
April 30, 2009 (unaudited)

Note 2. Significant Accounting Policies

by each Fund each day (daily variation margin) and are recorded as unrealized gains or losses until the contracts are closed.

When the contracts are closed, the Funds record a realized gain or loss equal to the difference between the proceeds from (or cost of) the closing transactions and the Fund's basis in the contract. Risks of entering into futures contracts for hedging purposes include the possibility that a change in the value of the contract may not correlate with the changes in the value of the underlying instruments. In addition, the purchase of a futures contract involves the risk that the Funds could lose more than the original margin deposit and subsequent payments may be required for a futures transaction. At April 30, 2009, the Funds had no open futures contracts.

I) SECURITIES LENDING — Loans of securities are required at all times to be secured by collateral at least equal to 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). Cash collateral received by the Funds in connection with securities lending activity may be pooled together with cash collateral for other funds/portfolios advised by Credit Suisse and may be invested in a variety of investments, including certain Credit Suisse-advised funds, funds advised by SSB, the Funds' 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.

SSB has been engaged by the Funds to act as the Funds' securities lending agent. The Funds' securities lending arrangement provides that the Funds and SSB will share the net income earned from securities lending activities. During the six months ended April 30, 2009, total earnings from the Funds' investment in cash collateral received in connection with Large Cap Growth and Mid-Cap Core's securities lending arrangements were $49 and $357, respectively, of which $2 and $2, respectively, were rebated to borrowers (brokers). The Funds retained $37 and $284 in income, respectively, from the cash collateral investment, and SSB, as lending agent, was paid $10 and $71, respectively. The Funds may also be entitled to certain minimum amounts of income from its securities lending activities. Securities lending income is accrued as earned.


61



Credit Suisse Funds
Notes to Financial Statements (continued)
April 30, 2009 (unaudited)

Note 3. Transactions with Affiliates and Related Parties

Credit Suisse serves as investment adviser to each Fund. For its investment advisory services, Credit Suisse is entitled to receive a fee from Large Cap Growth of 0.50%, and from Mid-Cap Core of 0.70%.

For the six months ended April 30, 2009, investment advisory fees earned, voluntarily waived and expenses reimbursed were as follows:

Fund   Gross
Advisory
Fee
  Waiver   Net
Advisory
Fee
  Expense
Reimbursement
 
Large Cap Growth   $ 107,599     $ (107,599 )   $     $ (67,159 )  
Mid-Cap Core     255,214       (180,389 )     74,825          

 

Fee waivers and reimbursements are voluntary and may be discontinued by Credit Suisse at any time.

Credit Suisse Asset Management Securities, Inc. ("CSAMSI"), an affiliate of Credit Suisse, and SSB serve as co-administrators to the Funds. For its co-administrative services, CSAMSI currently receives a fee calculated at an annual rate of 0.09% of each Fund's average daily net assets. For the six months ended April 30, 2009, co-administrative services fees earned by CSAMSI were as follows:

Fund   Co-Administration Fee  
Large Cap Growth   $ 19,368    
Mid-Cap Core     32,813    

 

For its co-administrative services, SSB receives a fee, exclusive of out-of-pocket expenses, calculated in total for all the Credit Suisse funds/portfolios co-administered by SSB and allocated based upon the relative average net assets of each fund/portfolio, subject to an annual minimum fee. For the six months ended April 30, 2009, co-administrative services fees earned by SSB (including out-of-pocket expenses) were as follows:

Fund   Co-Administration Fee  
Large Cap Growth   $ 28,861    
Mid-Cap Core     36,226    

 

In addition to serving as each Fund's co-administrator, CSAMSI currently serves as distributor of each Fund's shares. Pursuant to distribution plans adopted by each Fund pursuant to Rule 12b-1 under the 1940 Act, CSAMSI receives fees for its distribution services. For the Advisor class shares of each Fund, the shareholder servicing fee is calculated at an annual rate of 0.50% of the average daily net assets. For the Class A shares of each Fund, the fee is


62



Credit Suisse Funds
Notes to Financial Statements (continued)
April 30, 2009 (unaudited)

Note 3. Transactions with Affiliates and Related Parties

calculated at an annual rate of 0.25% of the average daily net assets. For Class B and Class C shares of each Fund, the fee is calculated at an annual rate of 1.00% of average daily net assets. Common Class shares of each Fund do not bear distribution fees.

Certain brokers, dealers and financial representatives provide transfer agent related services to the Funds and receive compensation from Credit Suisse. Credit Suisse is then reimbursed by the Funds. For the six months ended April 30, 2009, the Funds reimbursed Credit Suisse the following amounts, which are included in each Fund's transfer agent expense as follows:

Fund   Amount  
Large Cap Growth   $ 28,736    
Mid-Cap Core     91,401    

 

For the six months ended April 30, 2009, CSAMSI and its affiliates advised the Funds that they retained the following amounts from commissions earned on the sale of the Funds' Class A shares:

Fund   Amount  
Large Cap Growth   $ 589    
Mid-Cap Core     2,750    

 

Merrill Corporation ("Merrill"), an affiliate of Credit Suisse, has been engaged by the Funds to provide certain financial printing and fulfillment services. For the six months ended April 30, 2009, Merrill was paid for its services by the Funds as follows:

Fund   Amount  
Large Cap Growth   $ 11,155    
Mid-Cap Core     11,205    

 

Note 4. Line of Credit

The Funds, together with other funds/portfolios advised by Credit Suisse (collectively, the "Participating Funds"), participates in a $50 million committed, unsecured line of credit facility ("Credit Facility") for temporary or emergency purposes with SSB. Under the terms of the Credit Facility, the Participating Funds pay an aggregate commitment fee on the average unused amount of the Credit Facility, which is allocated among the Participating Funds in such manner as is determined by the governing Boards of the Participating Funds. In addition, the Participating Funds pay interest on borrowings at either the Overnight Federal Funds rate or the Overnight LIBOR rate plus a spread.


63



Credit Suisse Funds
Notes to Financial Statements (continued)
April 30, 2009 (unaudited)

Note 4. Line of Credit

At April 30, 2009, and during the six months ended April 30, 2009, Mid-Cap Core Fund had no borrowings under the Credit Facility. At April 30, 2009, Large Cap Growth Fund had no borrowings under the Credit Facility. During the six months ended April 30, 2009, Large Cap Growth Fund had borrowings under the Credit Facility as follows:

Average Daily
Loan Balance
  Weighted
Average
Interest
Rate %
  Maximum
Daily Loan
Outstanding
 
$ 1,020,833       0.646 %   $ 2,299,000    

 

Note 5. Purchases and Sales of Securities

For the six months ended April 30, 2009, purchases and sales of investment securities (excluding short-term investments) were as follows:

Fund   Purchases   Sales  
Large Cap Growth   $ 95,240,069     $ 100,461,339    
Mid-Cap Core     189,334,623       195,074,173    

 

At April 30, 2009, the identified cost for federal income tax purposes, as well as the gross unrealized appreciation from investments for those securities having an excess of value over cost, gross unrealized depreciation from investments for those securities having an excess of cost over value and the net unrealized appreciation/(depreciation) from investments were as follows:

Fund   Identified
Cost
  Gross Unrealized
Appreciation
  Gross Unrealized
Depreciation
  Net Unrealized
Appreciation/
(Depreciation)
 
Large Cap Growth   $ 44,345,117     $ 2,601,900     $ (1,441,646 )   $ 1,160,254    
Mid-Cap Core     82,378,872       7,595,168       (10,485,090 )     (2,889,922 )  

 

Note 6. Capital Share Transactions

Large Cap Growth is authorized to issue an unlimited number of full and fractional shares of beneficial interest. Mid-Cap Core has four billion full and fractional shares of capital stock authorized and classified as follows: one billion as Common Class shares, one billion as Advisor Class shares, one billion


64



Credit Suisse Funds
Notes to Financial Statements (continued)
April 30, 2009 (unaudited)

Note 6. Capital Share Transactions

as Class A shares, 500 million as Class B shares and 500 million as Class C shares. Each Fund has a par value of $.001 per share. Transactions in classes of each Fund were as follows:

    Large Cap Growth  
    Common Class  
    For the Six Months Ended
April 30, 2009 (unaudited)
  For the Year Ended
October 31, 2008
 
    Shares   Value   Shares   Value  
Shares sold     78,471     $ 861,101       159,396     $ 2,774,022    
Shares issued in reinvestment
of dividends
    17,810       200,186       605       11,938    
Shares redeemed     (524,397 )     (5,816,135 )     (1,349,326 )     (23,359,642 )  
Net decrease     (428,116 )   $ (4,754,848 )     (1,189,325 )   $ (20,573,682 )  
    Advisor Class  
    For the Six Months Ended
April 30, 2009 (unaudited)
  For the Year Ended
October 31, 2008
 
    Shares   Value   Shares   Value  
Shares sold     3,644     $ 38,531       8,227     $ 134,983    
Shares issued in reinvestment
of dividends
    440       4,653                
Shares redeemed     (14,693 )     (160,325 )     (108,901 )     (1,889,233 )  
Net decrease     (10,609 )   $ (117,141 )     (100,674 )   $ (1,754,250 )  
    Class A  
    For the Six Months Ended
April 30, 2009 (unaudited)
  For the Year Ended
October 31, 2008
 
    Shares   Value   Shares   Value  
Shares sold     1,484     $ 16,077       11,364     $ 193,335    
Shares issued in reinvestment
of dividends
    170       1,888                
Shares redeemed     (6,874 )     (75,616 )     (26,555 )     (439,504 )  
Net decrease     (5,220 )   $ (57,651 )     (15,191 )   $ (246,169 )  
    Class B  
    For the Six Months Ended
April 30, 2009 (unaudited)
  For the Year Ended
October 31, 2008
 
    Shares   Value   Shares   Value  
Shares sold     1,581     $ 15,315       12,883     $ 222,538    
Shares issued in reinvestment
of dividends
    61       644                
Shares redeemed     (4,940 )     (47,814 )     (7,002 )     (117,048 )  
Net increase (decrease)     (3,298 )   $ (31,855 )     5,881     $ 105,490    

 


65



Credit Suisse Funds
Notes to Financial Statements (continued)
April 30, 2009 (unaudited)

Note 6. Capital Share Transactions

    Class C  
    For the Six Months Ended
April 30, 2009 (unaudited)
  For the Year Ended
October 31, 2008
 
    Shares   Value   Shares   Value  
Shares sold     341     $ 3,482       820     $ 14,200    
Shares issued in reinvestment
of dividends
    37       380                
Shares redeemed     (5,282 )     (52,316 )     (2,718 )     (35,577 )  
Net decrease     (4,904 )   $ (48,454 )     (1,898 )   $ (21,377 )  
    Mid-Cap Core  
    Common Class  
    For the Six Months Ended
April 30, 2009 (unaudited)
  For the Year Ended
October 31, 2008
 
    Shares   Value   Shares   Value  
Shares sold     107,638     $ 2,335,080       180,449     $ 6,174,956    
Shares issued in reinvestment
of dividends
    39,283       870,348                
Shares redeemed     (414,053 )     (8,751,914 )     (1,240,754 )     (43,198,492 )  
Net decrease     (267,132 )   $ (5,546,486 )     (1,060,305 )   $ (37,023,536 )  
    Advisor Class  
    For the Six Months Ended
April 30, 2009 (unaudited)
  For the Year Ended
October 31, 2008
 
    Shares   Value   Shares   Value  
Shares sold     35,443     $ 713,413       47,514     $ 1,537,515    
Shares issued in reinvestment
of dividends
    862       17,209                
Shares redeemed     (59,076 )     (1,182,734 )     (137,153 )     (4,337,076 )  
Net decrease     (22,771 )   $ (452,112 )     (89,639 )   $ (2,799,561 )  
    Class A  
    For the Six Months Ended
April 30, 2009 (unaudited)
  For the Year Ended
October 31, 2008
 
    Shares   Value   Shares   Value  
Shares sold     3,870     $ 83,919       10,767     $ 368,349    
Shares issued in reinvestment
of dividends
    89       1,915                
Shares redeemed     (958 )     (19,822 )     (3,389 )     (108,554 )  
Net increase     3,001     $ 66,012       7,378     $ 259,795    

 


66



Credit Suisse Funds
Notes to Financial Statements (continued)
April 30, 2009 (unaudited)

Note 6. Capital Share Transactions

    Class B  
    For the Six Months Ended
April 30, 2009 (unaudited)
  For the Year Ended
October 31, 2008
 
    Shares   Value   Shares   Value  
Shares sold     1,403     $ 30,000       737     $ 23,555    
Shares issued in reinvestment
of dividends
    6       122                
Shares redeemed     (262 )     (5,897 )     (2,168 )     (74,041 )  
Net increase (decrease)     1,147     $ 24,225       (1,431 )   $ (50,486 )  
    Class C  
    For the Six Months Ended
April 30, 2009 (unaudited)
  For the Year Ended
October 31, 2008
 
    Shares   Value   Shares   Value  
Shares sold         $           $    
Shares issued in reinvestment
of dividends
                         
Shares redeemed                          
Net increase (decrease)         $           $    

 

On April 30, 2009, the number of shareholders that held 5% or more of the outstanding shares of each Class of each Fund was as follows:

    Number of
Shareholders
  Approximate Percentage
of Outstanding Shares
 
Large Cap Growth  
Common Class     4       39 %  
Advisor Class     5       80 %  
Class A     4       77 %  
Class B     5       54 %  
Class C     5       92 %  
Mid-Cap Core  
Common Class     4       56 %  
Advisor Class     1       85 %  
Class A     3       36 %  
Class B     6       93 %  
Class C     1       100 %  

 

Some of the shareholders are omnibus accounts, which hold shares on behalf of individual shareholders.

Note 7. Contingencies

In the normal course of business, the Funds may provide general indemnifications pursuant to certain contracts and organizational documents.


67



Credit Suisse Funds
Notes to Financial Statements (continued)
April 30, 2009 (unaudited)

Note 7. Contingencies

The Funds' maximum exposure under these arrangements is dependent on future claims that may be made against the Funds and, therefore, cannot be estimated; however, based on experience, the risk of loss from such claims is considered remote.

Note 8. Recent Accounting Pronouncements

In March 2008, FASB issued Statement of Financial Accounting Standards No. 161, Disclosures about Derivative Instruments and Hedging Activities ("FAS 161"), an amendment of FASB Statement No. 133. FAS 161 requires enhanced disclosures about (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. Management of the Fund does not believe the adoption of FAS 161 will materially impact the financial statement amounts, but will require additional disclosures. This will include qualitative and quantitative disclosures on derivative positions existing at period end and the effect of using derivatives during the reporting period. FAS 161 is effective for financial statements issued for fiscal years and interim periods beginning after November 15, 2008.


68





Credit Suisse Large Cap Growth Fund
Board Approval of Advisory Agreement
(unaudited)

In approving the renewal of the current Advisory Agreement, the Board of Trustees, including the Independent Trustees, at a meeting held on November 18 and 19, 2008, considered the following factors with respect to the Credit Suisse Large Cap Growth Fund (the "Fund"):

Investment Advisory Fee Rates

The Board reviewed and considered the contractual advisory fee rate of 0.50% ("Contractual Advisory Fee") in light of the extent and quality of the advisory services provided by Credit Suisse Asset Management, LLC ("Credit Suisse").

Additionally, the Board received and considered information comparing the Fund's Contractual Advisory Fee and the Fund's overall expenses with those of funds in both the relevant expense group ("Expense Group") and universe of funds ("Expense Universe") provided by Lipper Inc., an independent provider of investment company data.

Nature, Extent and Quality of the Services under the Advisory Agreement

The Board received and considered information regarding the nature, extent and quality of services provided to the Fund by Credit Suisse under the Advisory Agreement. The Board also noted information received at regular meetings throughout the year related to the services rendered by Credit Suisse. The Board reviewed background information about Credit Suisse, including its Form ADV. The Board considered the background and experience of Credit Suisse's senior management and the expertise of, and the amount of attention given to the Fund by, senior personnel of Credit Suisse. In addition, the Board reviewed the qualifications, backgrounds and responsibilities of the portfolio management team primarily responsible for the day-to-day portfolio management of the Fund and the extent of the resources devoted to research and analysis of actual and potential investments. The Board also received and considered information about the nature, extent and quality of services and fee rates offered to other Credit Suisse clients for comparable services.

Fund Performance

The Board received and considered the performance results of the Fund over time, along with comparisons both to the relevant performance group ("Performance Group") and universe of funds ("Performance Universe") for the Fund. The Board was provided with a description of the methodology used to arrive at the funds included in the Performance Group and the Performance Universe.


69




Credit Suisse Large Cap Growth Fund
Board Approval of Advisory Agreement
(unaudited) (continued)

Credit Suisse Profitability

The Board received and considered a profitability analysis of Credit Suisse based on the fees payable under the Advisory Agreement for the Fund, including other relationships between the Fund on the one hand and Credit Suisse affiliates on the other. The Board received profitability information for the other funds in the Credit Suisse family of funds.

Economies of Scale

The Board considered whether economies of scale in the provision of services to the Fund were being passed along to the shareholders. Accordingly, the Board considered whether alternative fee structures (such as breakpoint fee structures) would be more appropriate or reasonable taking into consideration economies of scale or other efficiencies that might accrue from increases in the Fund's asset levels.

Other Benefits to Credit Suisse

The Board considered other benefits received by Credit Suisse and its affiliates as a result of their relationship with the Fund. Such benefits include, among others, research arrangements with brokers who execute transactions on behalf of the Fund, administrative and brokerage relationships with affiliates of Credit Suisse and benefits potentially derived from an increase in Credit Suisse's businesses as a result of its relationship with the Fund (such as the ability to market to shareholders other financial products offered by Credit Suisse and its affiliates).

The Board considered the standards applied in seeking best execution, whether and to what extent soft dollar credits are sought and how any such credits are utilized, any benefits that may be achieved by using an affiliated broker and the existence of quality controls applicable to brokerage allocation procedures. The Board also reviewed Credit Suisse's method for allocating portfolio investment opportunities among its advisory clients.

Conclusions

In selecting Credit Suisse, and approving the Advisory Agreement and the investment advisory fee under such agreement, the Board concluded that:

•  The Contractual Advisory Fee was the second lowest in the Fund's Expense Group and the Board considered the fee to be reasonable.


70




Credit Suisse Large Cap Growth Fund
Board Approval of Advisory Agreement
(unaudited) (continued)

•  The Fund's performance was below most of its peers in the Performance Group and Performance Universe for all of the periods reviewed. The Board noted that new investment strategies and portfolio management had gone into effect in December 2006 and that it would continue to monitor steps taken by Credit Suisse to improve performance.

•  Aside from performance (as discussed above), the Board was satisfied with the nature and extent of the investment advisory services provided to the Fund by Credit Suisse and that, based on dialogue with management and counsel, the services provided by Credit Suisse under the Advisory Agreement are typical of, and consistent with, those provided to similar mutual funds by other investment advisers.

•  In light of the costs of providing investment management and other services to the Fund and Credit Suisse's ongoing commitment to the Fund, the profits and other ancillary benefits that Credit Suisse and its affiliates received were considered reasonable.

•  Credit Suisse's profitability based on fees payable under the Advisory Agreement was reasonable in light of the nature, extent and quality of the services provided to the Fund thereunder.

•  In light of the amount of the Contractual Advisory Fee and the relatively small size of the Fund, the Fund's current fee structure (without breakpoints) was considered reasonable.

No single factor reviewed by the Board was identified by the Board as the principal factor in determining whether to approve the Advisory Agreement. The Independent Trustees were advised by separate independent legal counsel throughout the process.


71




Credit Suisse Mid-Cap Core Fund
Board Approval of Advisory Agreement
(unaudited)

In approving the renewal of the current Advisory Agreement, the Board of Directors, including the Independent Directors, at a meeting held on November 18 and 19, 2008, considered the following factors with respect to the Credit Suisse Mid-Cap Core Fund (the "Fund"):

Investment Advisory Fee Rates

The Board reviewed and considered the contractual advisory fee rate of 0.70% ("Contractual Advisory Fee") in light of the extent and quality of the advisory services provided by Credit Suisse Asset Management, LLC ("Credit Suisse").

Additionally, the Board received and considered information comparing the Fund's Contractual Advisory Fee and the Fund's overall expenses with those of funds in both the relevant expense group ("Expense Group") and universe of funds ("Expense Universe") provided by Lipper Inc., an independent provider of investment company data.

Nature, Extent and Quality of the Services under the Advisory Agreement

The Board received and considered information regarding the nature, extent and quality of services provided to the Fund by Credit Suisse under the Advisory Agreement. The Board also noted information received at regular meetings throughout the year related to the services rendered by Credit Suisse. The Board reviewed background information about Credit Suisse, including its Form ADV. The Board considered the background and experience of Credit Suisse's senior management and the expertise of, and the amount of attention given to the Fund by, senior personnel of Credit Suisse. In addition, the Board reviewed the qualifications, backgrounds and responsibilities of the portfolio management team primarily responsible for the day-to-day portfolio management of the Fund and the extent of the resources devoted to research and analysis of actual and potential investments. The Board also received and considered information about the nature, extent and quality of services and fee rates offered to other Credit Suisse clients for comparable services.

Fund Performance

The Board received and considered the performance results of the Fund over time, along with comparisons both to the relevant performance group ("Performance Group") and universe of funds ("Performance Universe") for the Fund. The Board was provided with a description of the methodology used to arrive at the funds included in the Performance Group and the Performance Universe.


72




Credit Suisse Mid-Cap Core Fund
Board Approval of Advisory Agreement
(unaudited) (continued)

Credit Suisse Profitability

The Board received and considered a profitability analysis of Credit Suisse based on the fees payable under the Advisory Agreement for the Fund, including other relationships between the Fund on the one hand and Credit Suisse affiliates on the other. The Board received profitability information for the other funds in the Credit Suisse family of funds.

Economies of Scale

The Board considered whether economies of scale in the provision of services to the Fund were being passed along to the shareholders. Accordingly, the Board considered whether alternative fee structures (such as breakpoint fee structures) would be more appropriate or reasonable taking into consideration economies of scale or other efficiencies that might accrue from increases in the Fund's asset levels.

Other Benefits to Credit Suisse

The Board considered other benefits received by Credit Suisse and its affiliates as a result of their relationship with the Fund. Such benefits include, among others, research arrangements with brokers who execute transactions on behalf of the Fund, administrative and brokerage relationships with affiliates of Credit Suisse and benefits potentially derived from an increase in Credit Suisse's businesses as a result of its relationship with the Fund (such as the ability to market to shareholders other financial products offered by Credit Suisse and its affiliates).

The Board considered the standards applied in seeking best execution, whether and to what extent soft dollar credits are sought and how any such credits are utilized, any benefits that may be achieved by using an affiliated broker and the existence of quality controls applicable to brokerage allocation procedures. The Board also reviewed Credit Suisse's method for allocating portfolio investment opportunities among its advisory clients.

Conclusions

In selecting Credit Suisse, and approving the Advisory Agreement and the investment advisory fee under such agreement, the Board concluded that:

•  The Contractual Advisory Fee was lower than the median of the Fund's Expense Group and the Board considered the fee to be reasonable.


73




Credit Suisse Mid-Cap Core Fund
Board Approval of Advisory Agreement
(unaudited) (continued)

•  The Fund's performance was above the median of both the Performance Group and Performance Universe for the one and two year periods, but was below the median of both the Performance Group and Performance Universe for the three, four, five and ten year periods. The Board noted the recent improvement in performance and the changes in the Fund's investment strategies and portfolio management that had gone into effect on December 1, 2006. The Board determined it would monitor steps undertaken by Credit Suisse to improve performance.

•  Aside from performance (as described above), the Board was satisfied with the nature and extent of the investment advisory services provided to the Fund by Credit Suisse and that, based on dialogue with management and counsel, the services provided by Credit Suisse under the Advisory Agreement are typical of, and consistent with, those provided to similar mutual funds by other investment advisers.

•  In light of the costs of providing investment management and other services to the Fund and Credit Suisse's ongoing commitment to the Fund, the profits and other ancillary benefits that Credit Suisse and its affiliates received were considered reasonable.

•  Credit Suisse's profitability based on fees payable under the Advisory Agreement was reasonable in light of the nature, extent and quality of the services provided to the Fund thereunder.

•  Based on the Contractual Advisory Fee, the Fund's current fee structure (without breakpoints) was considered reasonable.

No single factor reviewed by the Board was identified by the Board as the principal factor in determining whether to approve the Advisory Agreement. The Independent Directors were advised by separate independent legal counsel throughout the process.


74




Credit Suisse Funds
Notice of Privacy and Information Practices
(unaudited)

At Credit Suisse, 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, Credit Suisse Institutional Funds, and Credit Suisse Closed-End Funds. This notice applies solely to U.S. registered investment companies advised by Credit Suisse Asset Management, LLC.

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, Credit Suisse 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.


75




Credit Suisse Funds
Notice of Privacy and Information Practices
(unaudited) (continued)

•  We want our investors to be informed about additional products or services. 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.

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 12, 2009.


76




Credit Suisse Funds
Proxy Voting and Portfolio Holdings Information
(unaudited)

Information regarding how each 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 each Fund uses to determine how to vote proxies relating to its portfolio securities are available:

•  By calling 1-877-870-2874

•  On the Funds' website, www.credit-suisse.com/us

•  On the website of the Securities and Exchange Commission, www.sec.gov.

Each Fund files a complete schedule of its portfolio holdings for the first and third quarters of its fiscal year with the SEC on Form N-Q. The Funds' Forms N-Q are available on the SEC's website at www.sec.gov and may be reviewed and copied at the SEC's Public Reference Room in Washington, DC. Information on the operation of the SEC's Public Reference Room may be obtained by calling 1-202-551-8090.


77




P.O. BOX 55030, BOSTON, MA 02205-5030

877-870-2874 n www.credit-suisse.com/us

CREDIT SUISSE ASSET MANAGEMENT SECURITIES, INC., DISTRIBUTOR.  USEQGTH-SAR-0409




 

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.

 

This item is not applicable to the registrant.

 

Item 6. Schedule of Investments.

 

Included as part of the report to shareholders filed under Item 1 of this Form.

 

Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

 

This item is not applicable to the registrant.

 

Item 8. Portfolio Managers of Closed-End Management Investment Companies.

 

This item is not applicable to the registrant.

 

Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

 

This item is not applicable to the registrant.

 

Item 10. Submission of Matters to a Vote of Security Holders.

 

The Nominating Committee recommends Board member candidates.  Shareholders of the registrant may also submit nominees that will be considered by the Committee.  Recommendations should be mailed to the registrant’s Secretary, c/o Credit Suisse Asset Management, LLC, Eleven Madison Avenue, New York, NY 10010.  Any submission should include at a minimum the following information: the name, age, business address, residence address and principal occupation or employment of such individual; the class, series and number of shares of the registrant that are beneficially owned by such individual; the date such shares were acquired and the investment intent of such acquisition; whether such shareholder believes such individual is, or is not, an “interested person” of the registrant (as defined in the Investment Company Act of 1940) and information regarding such individual that is sufficient, in the Committee’s discretion, to make such determination; and all other information relating to such individual that is required to be disclosed in solicitation of proxies for election of directors in an election contest (even if an election contest is not involved) or is otherwise required pursuant to the rules for proxy materials under the Securities Exchange Act of 1934.

 

Item 11. 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 last fiscal half-year that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

 

Item 12. Exhibits.

 

(a)(1)                    Not applicable.

 

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

 

(a)(3)                    Not applicable.

 

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

 



 

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 LARGE CAP GROWTH FUND

 

 

/s/ George R. Hornig

 

Name:

 George R. Hornig

 

Title:

 Chief Executive Officer

 

Date:

 July 6, 2009

 

 

 

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/ George R. Hornig

 

Name:

 George R. Hornig

 

Title:

 Chief Executive Officer

 

Date:

 July 6, 2009

 

 

 

 

 

/s/ Michael A. Pignataro

 

Name:

 Michael A. Pignataro

 

Title:

 Chief Financial Officer

 

Date:

 July 6, 2009