Credit Suisse High Yield Bond Fund

Schedule of Investments

July 31, 2024 (unaudited)

 

Par
(000)		              

Ratings†

 (S&P/Moody’s) 

       Maturity          Rate%          Value   
    
 

CORPORATE BONDS (97.2%)

       
 

Aerospace & Defense (2.1%)

       
$     1,200       

Amentum Escrow Corp., Rule 144A, Senior Unsecured Notes
(Callable 08/01/27 @ 103.63)(1)

      (B, B3)        08/01/32          7.250        $   1,228,607  
  587       

Bombardier, Inc., Rule 144A, Senior Unsecured Notes
(Callable 02/01/26 @ 103.75)(1),(2)

      (B+, B1)        02/01/29          7.500          613,156  
  900       

Bombardier, Inc., Rule 144A, Senior Unsecured Notes
(Callable 11/15/26 @ 104.38)(1)

      (B+, B1)        11/15/30          8.750          976,832  
  1,260       

TransDigm, Inc., Rule 144A, Senior Secured Notes
(Callable 03/01/26 @ 103.19)(1)

      (BB-, Ba3)        03/01/29          6.375          1,284,965  
  660       

TransDigm, Inc., Rule 144A, Senior Secured Notes
(Callable 03/01/27 @ 103.31)(1)

      (BB-, Ba3)        03/01/32          6.625          674,638  
    

 

 

  
       4,778,198  
    

 

 

  
                        
 

Air Transportation (0.6%)

       
  600       

AAR Escrow Issuer LLC, Rule 144A, Company Guaranteed Notes
(Callable 03/15/26 @ 103.38)(1)

      (BB, Ba2)        03/15/29          6.750          612,914  
  900       

VistaJet Malta Finance PLC/Vista Management Holding, Inc., Rule 144A, Senior Unsecured Notes
(Callable 02/01/25 @ 103.19)(1),(2)

      (B-, B3)        02/01/30          6.375          718,037  
                        

 

 

  
       1,330,951  
                        

 

 

  
                        
 

Auto Parts & Equipment (3.7%)

       
  600       

Adient Global Holdings Ltd., Rule 144A, Senior Secured Notes
(Callable 04/15/25 @ 103.50)(1)

      (BBB-, Ba2)        04/15/28          7.000          613,795  
  2,080       

Clarios Global LP/Clarios U.S. Finance Co., Rule 144A, Company Guaranteed Notes
(Callable 09/03/24 @ 100.00)(1)

      (B, B3)        05/15/27          8.500          2,098,839  
  1,800       

Cougar JV Subsidiary LLC, Rule 144A, Senior Unsecured Notes
(Callable 05/15/27 @ 104.00)(1)

      (B+, B2)        05/15/32          8.000          1,885,754  
  450       

Dealer Tire LLC/DT Issuer LLC, Rule 144A, Senior Unsecured Notes
(Callable 09/03/24 @ 102.00)(1)

      (CCC, Caa1)        02/01/28          8.000          449,932  
  1,000       

Garrett Motion Holdings, Inc./Garrett LX I SARL, Rule 144A, Company Guaranteed Notes
(Callable 05/31/27 @ 103.88)(1)

      (B, B1)        05/31/32          7.750          1,016,252  
  2,350       

Phinia, Inc., Rule 144A, Senior Secured Notes
(Callable 04/15/26 @ 103.38)(1)

      (BB+, Ba1)        04/15/29          6.750          2,399,936  
                        

 

 

  
       8,464,508  
                        

 

 

  
                        
 

Automakers (0.1%)

       
  198       

Winnebago Industries, Inc., Rule 144A, Senior Secured Notes
(Callable 09/03/24 @ 101.56)(1)

      (BB+, Ba3)        07/15/28          6.250          196,474  
                        

 

 

  
                        
 

Brokerage (0.8%)

       
  1,800       

StoneX Group, Inc., Rule 144A, Senior Secured Notes
(Callable 03/01/27 @ 103.94)(1)

      (BB-, Ba3)        03/01/31          7.875          1,874,736  
                        

 

 

  
                        
 

Building & Construction (1.5%)

       
  1,000       

MasTec, Inc., Rule 144A, Senior Unsecured Notes
(Callable 08/15/24 @ 103.31)(1)

      (BBB-, NR)        08/15/29          6.625          982,585  
  1,761       

Pike Corp., Rule 144A, Company Guaranteed Notes
(Callable 09/03/24 @ 101.38)(1)

      (B-, B3)        09/01/28          5.500          1,707,904  
  300       

Pike Corp., Rule 144A, Senior Unsecured Notes
(Callable 01/31/27 @ 104.31)(1)

      (B-, B3)        01/31/31          8.625          323,013  
  525       

TopBuild Corp., Rule 144A, Company Guaranteed Notes
(Callable 09/03/24 @ 101.81)(1)

      (BB+, Ba2)        03/15/29          3.625          483,650  
                        

 

 

  
       3,497,152  
                        

 

 

  
                        
 

Building Materials (7.1%)

       
  565       

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

      (BB-, Ba2)        06/15/30          6.375          569,779  
  1,200       

Camelot Return Merger Sub, Inc., Rule 144A, Senior Secured Notes
(Callable 09/03/24 @ 106.56)(1)

      (B, B2)        08/01/28          8.750          1,194,541  
  1,750       

Eco Material Technologies, Inc., Rule 144A, Senior Secured Notes
(Callable 09/03/24 @ 103.94)(1)

      (B, B2)        01/31/27          7.875          1,779,749  
  2,489       

Foundation Building Materials, Inc., Rule 144A, Company Guaranteed Notes
(Callable 09/03/24 @ 103.00)(1)

      (CCC+, Caa1)        03/01/29          6.000          2,232,704  
  1,000       

GYP Holdings III Corp., Rule 144A, Company Guaranteed Notes
(Callable 09/03/24 @ 102.31)(1)

      (B, Ba2)        05/01/29          4.625          945,728  
  1,500       

Installed Building Products, Inc., Rule 144A, Company Guaranteed Notes
(Callable 08/16/24 @ 101.44)(1)

      (B+, Ba2)        02/01/28          5.750          1,475,692  

 

 

 

Credit Suisse High Yield Bond Fund

Schedule of Investments (continued)

July 31, 2024 (unaudited)

 

Par
(000)		              

Ratings†

 (S&P/Moody’s) 

       Maturity          Rate%          Value   
                        
 

CORPORATE BONDS (continued)

       
 

Building Materials (continued)

       
$     800       

Masterbrand, Inc., Rule 144A, Company Guaranteed Notes
(Callable 07/15/27 @ 103.50)(1)

      (BB, Ba3)        07/15/32          7.000        $     821,946  
  870       

Miter Brands Acquisition Holdco, Inc./MIWD Borrower LLC, Rule 144A, Senior Secured Notes
(Callable 04/01/27 @ 103.38)(1)

      (BB-, B1)        04/01/32          6.750          883,240  
  1,754       

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

      (B-, B3)        02/01/30          5.500          1,644,429  
  2,350       

Oscar AcquisitionCo LLC/Oscar Finance, Inc., Rule 144A, Senior Unsecured Notes
(Callable 04/15/25 @ 104.75)(1),(2)

      (CCC+, Caa1)        04/15/30          9.500          2,200,643  
  700       

Park River Holdings, Inc., Rule 144A, Senior Unsecured Notes
(Callable 09/03/24 @ 103.38)(1),(2)

      (CCC, Caa2)        08/01/29          6.750          587,857  
  900       

Standard Industries, Inc., Rule 144A, Senior Unsecured Notes
(Callable 08/15/27 @ 103.25)(1)

      (BB, B1)        08/15/32          6.500          902,762  
  400       

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

      (BB, B1)        07/15/30          4.375          364,344  
  600       

Summit Materials LLC/Summit Materials Finance Corp.,
Rule 144A, Company Guaranteed Notes
(Callable 01/15/27 @ 103.63)(1)

      (BB+, Ba3)        01/15/31          7.250          626,033  
                        

 

 

  
       16,229,447  
                        

 

 

  
                        
 

Cable & Satellite TV (1.1%)

       
  1,500       

Altice Financing SA, Rule 144A, Senior Secured Notes
(Callable 09/03/24 @ 101.25)(1)

      (B-, Caa1)        01/15/28          5.000          1,200,523  
  1,200       

Sunrise FinCo I BV, Rule 144A, Senior Secured Notes
(Callable 07/15/26 @ 102.44)(1)

      (BB-, B1)        07/15/31          4.875          1,087,752  
  200       

Telenet Finance Luxembourg Notes SARL, Rule 144A, Senior Secured Notes
(Callable 08/12/24 @ 101.38)(1)

      (BB-, B1)        03/01/28          5.500          190,877  
                        

 

 

  
       2,479,152  
                        

 

 

  
                        
 

Chemicals (5.9%)

       
  300       

Avient Corp., Rule 144A, Senior Unsecured Notes
(Callable 09/03/24 @ 100.00)(1)

      (BB-, Ba3)        05/15/25          5.750          299,597  
  715       

Avient Corp., Rule 144A, Senior Unsecured Notes
(Callable 08/01/25 @ 103.56)(1)

      (BB-, Ba3)        08/01/30          7.125          734,631  
  900       

Axalta Coating Systems Dutch Holding B BV, Rule 144A, Company Guaranteed Notes
(Callable 11/15/26 @ 103.63)(1)

      (BB, Ba3)        02/15/31          7.250          943,701  
  1,200       

Darling Ingredients, Inc., Rule 144A, Company Guaranteed Notes
(Callable 06/15/25 @ 103.00)(1)

      (BB+, Ba2)        06/15/30          6.000          1,191,456  
  378       

HB Fuller Co., Global Senior Unsecured Notes
(Callable 09/03/24 @ 102.13)

      (BB-, Ba3)        10/15/28          4.250          353,249  
  950       

Herens Holdco SARL, Rule 144A, Senior Secured Notes (Callable 09/02/24 @ 102.38)(1)

      (B-, B2)        05/15/28          4.750          825,316  
  1,200       

Herens Midco SARL, Rule 144A, Company Guaranteed Notes
(Callable 08/30/24 @ 102.63)(1),(3)

      (CCC, Caa2)        05/15/29          5.250          983,629  
  1,482       

INEOS Finance PLC, Rule 144A, Senior Secured Notes
(Callable 02/15/25 @ 103.38)(1)

      (BB, Ba3)        05/15/28          6.750          1,492,416  
  600       

INEOS Quattro Finance 2 PLC, Rule 144A, Senior Secured Notes
(Callable 11/15/25 @ 104.81)(1),(2)

      (BB, Ba3)        03/15/29          9.625          643,886  
  2,700       

Polar U.S. Borrower LLC/Schenectady International Group, Inc., Rule 144A, Senior Unsecured Notes
(Callable 09/03/24 @ 101.69)(1)

      (CCC-, Caa3)        05/15/26          6.750          741,650  
  1,800       

Tronox, Inc., Rule 144A, Company Guaranteed Notes
(Callable 09/03/24 @ 102.31)(1)

      (BB-, B1)        03/15/29          4.625          1,641,897  
  2,885       

Vibrantz Technologies, Inc., Rule 144A, Senior Unsecured Notes
(Callable 02/15/25 @ 104.50)(1),(2)

      (CCC+, Caa2)        02/15/30          9.000          2,585,450  
  1,041       

WR Grace Holdings LLC, Rule 144A, Senior Secured Notes
(Callable 03/01/26 @ 103.69)(1)

      (B-, B1)        03/01/31          7.375          1,069,979  
                        

 

 

  
       13,506,857  
                        

 

 

  
                        
 

Consumer/Commercial/Lease Financing (1.2%)

       
  3,000       

Cargo Aircraft Management, Inc., Rule 144A, Company Guaranteed Notes
(Callable 08/16/24 @ 101.19)(1)

      (BB, Ba2)        02/01/28          4.750          2,822,714  
                        

 

 

  
                        
 

Diversified Capital Goods (1.1%)

       
  2,025       

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

      (BB+, Ba2)        06/01/31          4.250          1,807,978  
  750       

EnerSys, Rule 144A, Company Guaranteed Notes
(Callable 01/15/27 @ 103.31)(1)

      (BB+, Ba3)        01/15/32          6.625           764,251  
                        

 

 

  
       2,572,229  
                        

 

 

  
                        

 

 

 

Credit Suisse High Yield Bond Fund

Schedule of Investments (continued)

July 31, 2024 (unaudited)

 

Par
(000)		              

Ratings†
 (S&P/Moody’s) 

       Maturity          Rate%          Value   
                        
 

CORPORATE BONDS (continued)

       
 

Electronics (0.8%)

       
$     650       

Sensata Technologies, Inc., Rule 144A, Company Guarenteed Notes
(Callable 07/15/27 @ 103.31)(1)

      (BB+, Ba2)        07/15/32          6.625        $   658,815  
  1,200       

Synaptics, Inc., Rule 144A, Company Guaranteed Notes
(Callable 08/12/24 @ 102.00)(1)

      (B+, Ba3)        06/15/29          4.000          1,103,465  
                        

 

 

  
       1,762,280  
                        

 

 

  
                        
 

Energy - Exploration & Production (4.0%)

       
  650       

Civitas Resources, Inc., Rule 144A, Company Guaranteed Notes
(Callable 07/01/25 @ 104.19)(1)

      (BB-, B1)        07/01/28          8.375          683,108  
  650       

Civitas Resources, Inc., Rule 144A, Company Guaranteed Notes
(Callable 07/01/26 @ 104.38)(1)

      (BB-, B1)        07/01/31          8.750          699,802  
  1,500       

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

      (BB, B1)        04/15/30          4.750          1,377,233  
  2,250       

CQP Holdco LP/BIP-V Chinook Holdco LLC, Rule 144A, Senior Secured Notes
(Callable 12/15/28 @ 103.75)(1)

      (BB, Ba2)        12/15/33          7.500          2,380,833  
  300       

Matador Resources Co., Rule 144A, Company Guaranteed Notes
(Callable 04/15/25 @ 103.44)(1)

      (BB-, B1)        04/15/28          6.875          306,100  
  2,515       

Northern Oil & Gas, Inc., Rule 144A, Senior Unsecured Notes
(Callable 09/03/24 @ 104.06)(1)

      (B+, B2)        03/01/28          8.125          2,563,112  
  1,080       

TGNR Intermediate Holdings LLC, Rule 144A, Senior Unsecured Notes
(Callable 10/15/24 @ 102.75)(1)

      (B+, B3)        10/15/29          5.500          1,024,858  
                        

 

 

  
       9,035,046  
                        

 

 

  
                        
 

Environmental (0.7%)

       
  600       

Clean Harbors, Inc., Rule 144A, Company Guaranteed Notes
(Callable 02/01/26 @ 103.19)(1)

      (BB+, Ba3)        02/01/31          6.375          607,405  
  900       

GFL Environmental, Inc., Rule 144A, Senior Secured Notes
(Callable 01/15/27 @ 103.38)(1)

      (BB, Ba3)        01/15/31          6.750          926,501  
                        

 

 

  
       1,533,906  
                        

 

 

  
                        
 

Food - Wholesale (0.5%)

       
  1,150       

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

      (BB-, Ba3)        06/01/30          4.625          1,077,377  
                        

 

 

  
                        
 

Gaming (0.7%)

       
  500       

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

      (BB, B1)        06/15/31          4.750          461,001  
  600       

Caesars Entertainment, Inc., Rule 144A, Senior Secured Notes
(Callable 02/15/26 @ 103.50)(1)

      (BB-, Ba3)        02/15/30          7.000          619,331  
  600       

Caesars Entertainment, Inc., Rule 144A, Senior Secured Notes
(Callable 02/15/27 @ 103.25)(1)

      (BB-, Ba3)        02/15/32          6.500          607,693  
                        

 

 

  
       1,688,025  
                        

 

 

  
                        
 

Gas Distribution (4.1%)

       
  300       

Blue Racer Midstream LLC/Blue Racer Finance Corp.,
Rule 144A, Senior Unsecured Notes
(Callable 07/15/26 @ 103.50)(1)

      (B+, B2)        07/15/29          7.000          308,359  
  300       

Blue Racer Midstream LLC/Blue Racer Finance Corp.,
Rule 144A, Senior Unsecured Notes
(Callable 07/15/27 @ 103.63)(1)

      (B+, B2)        07/15/32          7.250          312,400  
  429       

Genesis Energy LP/Genesis Energy Finance Corp., Global Company Guaranteed Notes
(Callable 04/15/26 @ 104.44)

      (B, B3)        04/15/30          8.875          454,347  
  450       

Global Partners LP/GLP Finance Corp., Rule 144A, Company Guaranteed Notes
(Callable 01/15/27 @ 104.13)(1)

      (B+, B2)        01/15/32          8.250          462,158  
  1,536       

Hess Midstream Operations LP, Rule 144A, Company Guaranteed Notes
(Callable 09/03/24 @ 101.71)(1)

      (BB+, Ba2)        06/15/28          5.125          1,496,223  
  600       

Hess Midstream Operations LP, Rule 144A, Company Guaranteed Notes
(Callable 10/15/25 @ 102.75)(1)

      (BB+, Ba2)        10/15/30          5.500          583,475  
  950       

New Fortress Energy, Inc., Rule 144A, Senior Secured Notes
(Callable 09/03/24 @ 101.63)(1)

      (BB-, B1)        09/30/26          6.500          882,889  
  2,070       

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

      (BB+, Ba2)        07/15/29          4.950          1,981,139  

 

 

 

Credit Suisse High Yield Bond Fund

Schedule of Investments (continued)

July 31, 2024 (unaudited)

 

Par
(000)		              

Ratings†
 (S&P/Moody’s) 

       Maturity          Rate%          Value   
                        
 

CORPORATE BONDS (continued)

       
 

Gas Distribution (continued)

       
$       915       

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

      (BB+, Ba2)        05/15/30          4.800        $     854,709  
  1,950       

Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp., Rule 144A, Senior Unsecured Notes
(Callable 02/15/26 @ 103.69)(1)

      (BB-, B1)        02/15/29          7.375          1,975,912  
                        

 

 

  
       9,311,611  
                        

 

 

  
                        
 

Health Services (2.8%)

       
  1,357       

AMN Healthcare, Inc., Rule 144A, Company Guaranteed Notes
(Callable 08/12/24 @ 102.00)(1)

      (BB-, Ba3)        04/15/29          4.000          1,243,643  
  2,295       

AthenaHealth Group, Inc., Rule 144A, Senior Unsecured Notes
(Callable 02/15/25 @ 103.25)(1)

      (CCC, Caa2)        02/15/30          6.500          2,165,534  
  1,200       

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

      (B, B2)        10/31/29          4.375          1,121,573  
  2,169       

Pediatrix Medical Group, Inc., Rule 144A, Company Guaranteed Notes
(Callable 02/15/25 @ 102.69)(1),(2)

      (BB-, Ba3)        02/15/30          5.375          1,975,207  
                        

 

 

  
       6,505,957  
                        

 

 

  
                        
 

Hotels (0.8%)

       
  45       

Hilton Domestic Operating Co., Inc., Rule 144A, Company Guaranteed Notes
(Callable 04/01/26 @ 102.94)(1)

      (BB+, Ba2)        04/01/29          5.875          45,345  
  600       

Raising Cane’s Restaurants LLC, Rule 144A, Senior Unsecured Notes
(Callable 11/01/25 @ 104.69)(1)

      (B, B3)        05/01/29          9.375          648,488  
  1,050       

RHP Hotel Properties LP/RHP Finance Corp., Rule 144A, Company Guaranteed Notes
(Callable 04/01/27 @ 103.25)(1)

      (BB-, Ba3)        04/01/32          6.500          1,062,529  
                        

 

 

  
       1,756,362  
                        

 

 

  
                        
 

Insurance Brokerage (4.9%)

       
  720       

Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, Rule 144A, Senior Secured Notes
(Callable 04/15/25 @ 103.38)(1)

      (B, B2)        04/15/28          6.750          724,027  
  715       

Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, Rule 144A, Senior Secured Notes
(Callable 01/15/27 @ 103.50)(1)

      (B, B2)        01/15/31          7.000          728,334  
  600       

AmWINS Group, Inc., Rule 144A, Senior Secured Notes
(Callable 02/15/26 @ 103.19)(1)

      (B+, Ba3)        02/15/29          6.375          609,167  
  893       

GTCR AP Finance, Inc., Rule 144A, Senior Unsecured Notes
(Callable 09/03/24 @ 100.00)(1)

      (CCC+, Caa2)        05/15/27          8.000          896,718  
  2,400       

Howden U.K. Refinance PLC/Howden U.K. Refinance 2 PLC/Howden U.S. Refinance LLC, Rule 144A, Senior Secured Notes
(Callable 02/15/27 @ 103.63)(1)

      (B, B2)        02/15/31          7.250          2,408,460  
  1,200       

HUB International Ltd., Rule 144A, Senior Secured Notes
(Callable 06/15/26 @ 103.63)(1)

      (B, B2)        06/15/30          7.250          1,238,298  
  1,500       

Jones Deslauriers Insurance Management, Inc., Rule 144A, Senior Secured Notes
(Callable 03/15/26 @ 104.25)(1)

      (B-, B2)        03/15/30          8.500          1,574,428  
  1,800       

Jones Deslauriers Insurance Management, Inc., Rule 144A, Senior Unsecured Notes
(Callable 12/15/25 @ 105.25)(1)

      (CCC, Caa2)        12/15/30          10.500          1,932,327  
  1,200       

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

      (BB-, B1)        02/01/30          4.375          1,130,992  
                        

 

 

  
       11,242,751  
                        

 

 

  
                        
 

Investments & Misc. Financial Services (7.0%)

       
  3,150       

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

      (CCC+, Caa1)        11/15/29          8.500          3,012,501  
  900       

Block, Inc., Rule 144A, Senior Unsecured Notes
(Callable 05/15/27 @ 103.25)(1)

      (BB+, Ba2)        05/15/32          6.500          916,070  
  2,400       

Boost Newco Borrower LLC, Rule 144A, Senior Secured Notes
(Callable 01/15/27 @ 103.75)(1)

      (BB, Ba3)        01/15/31          7.500          2,529,190  
  1,450       

Compass Group Diversified Holdings LLC, Rule 144A, Company Guaranteed Notes
(Callable 09/03/24 @ 102.63)(1)

      (B+, B1)        04/15/29          5.250          1,390,638  
  1,150       

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

      (B+, B1)        01/15/32          5.000          1,053,847  
  2,700       

Jane Street Group/JSG Finance, Inc., Rule 144A, Senior Secured Notes
(Callable 04/30/27 @ 103.56)(1)

      (BB, Ba2)        04/30/31          7.125          2,796,370  
  600       

Paysafe Finance PLC/Paysafe Holdings U.S. Corp., Rule 144A, Senior Secured Notes
(Callable 09/03/24 @ 102.00)(1)

      (B, B2)        06/15/29          4.000          555,257  
  1,200       

Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc., Rule 144A, Company Guaranteed Notes
(Callable 09/03/24 @ 101.16)(1)

      (NR, Ba3)        11/01/26          4.625          1,172,103  
  2,480       

VFH Parent LLC/Valor Co-Issuer, Inc., Rule 144A, Senior Secured Notes
(Callable 06/15/27 @ 103.75)(1)

      (B+, B1)        06/15/31          7.500          2,548,659  
                        

 

 

  
       15,974,635  
                        

 

 

  
                        

 

 

 

Credit Suisse High Yield Bond Fund

Schedule of Investments (continued)

July 31, 2024 (unaudited)

 

Par
(000)		              

Ratings†
 (S&P/Moody’s) 

       Maturity          Rate%          Value   
                        
 

CORPORATE BONDS (continued)

       
 

Life Insurance (1.2%)

       
$     2,700       

Panther Escrow Issuer LLC, Rule 144A, Senior Secured Notes
(Callable 06/01/27 @ 103.56)(1)

      (B, B2)        06/01/31          7.125        $   2,772,349  
                        

 

 

  
                        
 

Machinery (3.8%)

       
  1,250       

Arcosa, Inc., Rule 144A, Company Guaranteed Notes
(Callable 09/03/24 @ 102.19)(1)

      (BB, Ba2)        04/15/29          4.375          1,177,911  
  2,195       

ATS Corp., Rule 144A, Company Guaranteed Notes
(Callable 09/03/24 @ 102.06)(1)

      (BB, B2)        12/15/28          4.125          2,036,159  
  2,100       

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

      (CCC, Caa2)        10/15/29          6.625          1,842,569  
  2,195       

Enviri Corp., Rule 144A, Company Guaranteed Notes
(Callable 09/03/24 @ 100.00)(1)

      (B, B3)        07/31/27          5.750          2,132,042  
  1,200       

Hillenbrand, Inc., Global Company Guaranteed Notes
(Callable 02/15/26 @ 103.13)

      (BB+, Ba1)        02/15/29          6.250          1,215,653  
  226       

Regal Rexnord Corp., Global Company Guaranteed Notes
(Callable 01/15/33 @ 100.00)

      (BB+, Baa3)        04/15/33          6.400          235,416  
                        

 

 

  
       8,639,750  
                        

 

 

  
                        
 

Managed Care (0.3%)

       
  750       

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

      (B+, B2)        10/01/29          4.500          707,360  
                        

 

 

  
                        
 

Media - Diversified (0.2%)

       
  300       

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

      (BB+, Ba1)        02/15/32          5.125          285,148  
  67       

Tech 7 SAS Super Senior(3),(4),(5)

      (NR, NR)        03/31/26          18.682          72,811  
  40       

Tech 7 SAS Super Senior(3),(4),(5)

      (NR, NR)        03/31/26          1.000          43,687  
  20       

Tech 7 SAS Technicolor Creative Studios Super
Senior(3),(4),(5)

      (NR, NR)        03/31/26          1.000          21,843  
                        

 

 

  
       423,489  
                        

 

 

  
                        
 

Media Content (0.2%)

       
  600       

Sirius XM Radio, Inc., Rule 144A, Company Guaranteed Notes
(Callable 09/01/26 @ 101.94)(1)

      (BB, Ba3)        09/01/31          3.875          501,644  
                        

 

 

  
                        
 

Metals & Mining - Excluding Steel (3.0%)

       
  375       

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

      (BB-, NR)        11/15/29          3.875          336,865  
  900       

Constellium SE Rule 144A, Company Guaranteed Notes
(Callable 08/15/27 @ 103.19)(1)

      (BB-, Ba3)        08/15/32          6.375          899,565  
  1,800       

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

      (B, B1)        02/15/30          6.500          1,759,432  
  1,500       

First Quantum Minerals Ltd., Rule 144A, Secured Notes
(Callable 03/01/26 @ 104.69)(1)

      (B, NR)        03/01/29          9.375          1,579,210  
  600       

Kaiser Aluminum Corp., Rule 144A, Company Guaranteed Notes
(Callable 09/03/24 @ 101.16)(1)

      (BB-, B2)        03/01/28          4.625          563,016  
  1,200       

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

      (BB-, B2)        06/01/31          4.500          1,063,711  
  782       

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

      (BB, Ba3)        01/30/30          4.750          737,836  
                        

 

 

  
       6,939,635  
                        

 

 

  
                        
 

Non - Electric Utilities (0.9%)

       
  900       

Sunoco LP, Rule 144A, Company Guaranteed Notes
(Callable 05/01/27 @ 103.63)(1)

      (BB+, Ba1)        05/01/32          7.250          936,464  
  1,100       

Sunoco LP/Sunoco Finance Corp., Rule 144A, Company Guaranteed Notes
(Callable 09/15/25 @ 103.50)(1)

      (BB+, Ba1)        09/15/28          7.000          1,132,279  
                        

 

 

  
       2,068,743  
                        

 

 

  
                        

 

 

 

Credit Suisse High Yield Bond Fund

Schedule of Investments (continued)

July 31, 2024 (unaudited)

 

Par
(000)		              

Ratings†
 (S&P/Moody’s) 

       Maturity          Rate%          Value   
                        
 

CORPORATE BONDS (continued)

                    
 

Packaging (4.2%)

                    
$     690       

Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC, Rule 144A, Senior Unsecured Notes
(Callable 08/30/24 @ 101.50)(1),(3)

      (CCC+, Caa1)        09/01/29          3.000        $   615,519  
  600       

Ball Corp., Global Company Guaranteed Notes
(Callable 11/15/24 @ 103.44)

      (BB+, Ba1)        03/15/28          6.875          617,192  
  622       

Chart Industries, Inc., Rule 144A, Senior Secured Notes
(Callable 01/01/26 @ 103.75)(1)

      (BB-, Ba3)        01/01/30          7.500          647,819  
  600       

Intelligent Packaging Ltd. Finco, Inc./Intelligent Packaging Ltd. Co-Issuer LLC, Rule 144A, Senior Secured Notes
(Callable 09/03/24 @ 101.50)(1)

      (B-, B3)        09/15/28          6.000          589,476  
  2,550       

Mauser Packaging Solutions Holding Co., Rule 144A, Senior Secured Notes
(Callable 02/15/25 @ 103.94)(1)

      (B, B2)        04/15/27          7.875          2,629,382  
  418       

Owens-Brockway Glass Container, Inc., Rule 144A, Company Guaranteed Notes
(Callable 05/15/26 @ 103.63)(1),(2)

      (B+, B2)        05/15/31          7.250          412,865  
  1,500       

Trident TPI Holdings, Inc., Rule 144A, Company Guaranteed Notes
(Callable 12/31/25 @ 106.38)(1)

      (CCC+, Caa2)        12/31/28          12.750          1,640,182  
  2,760       

TriMas Corp., Rule 144A, Company Guaranteed Notes
(Callable 09/03/24 @ 102.06)(1)

      (BB-, Ba3)        04/15/29          4.125          2,549,483  
                        

 

 

  
                           9,701,918  
                        

 

 

  
                        
 

Personal & Household Products (0.5%)

                    
  658       

MajorDrive Holdings IV LLC, Rule 144A, Senior Unsecured Notes
(Callable 09/03/24 @ 103.19)(1)

      (CCC+, Caa2)        06/01/29          6.375          625,433  
  462       

Verde Purchaser LLC, Rule 144A, Senior Secured Notes
(Callable 11/30/26 @ 105.25)(1)

      (B+, B2)        11/30/30          10.500          491,622  
                        

 

 

  
                           1,117,055  
                        

 

 

  
                        
 

Pharmaceuticals (0.3%)

                    
  1,064       

Emergent BioSolutions, Inc., Rule 144A, Company Guaranteed Notes
(Callable 09/03/24 @ 100.97)(1)

      (CCC-, Caa3)        08/15/28          3.875          812,751  
                        

 

 

  
                        
 

Rail (0.8%)

                    
  1,850       

Genesee & Wyoming, Inc., Rule 144A, Senior Secured Notes
(Callable 04/15/27 @ 103.13)(1)

      (BB, Ba3)        04/15/32          6.250          1,875,413  
                        

 

 

  
                        
 

Real Estate Investment Trusts (0.5%)

                    
  1,161       

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

      (BB+, WR)        12/15/27          3.750          1,051,958  
                        

 

 

  
                        
 

Recreation & Travel (3.6%)

                    
  1,800       

Boyne USA, Inc., Rule 144A, Senior Unsecured Notes
(Callable 09/03/24 @ 102.38)(1)

      (B, B1)        05/15/29          4.750          1,707,508  
  747       

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

      (B+, B2)        08/15/29          5.250          712,119  
  2,538       

Six Flags Entertainment Corp., Rule 144A, Company Guaranteed Notes
(Callable 05/15/26 @ 103.63)(1)

      (BB-, B1)        05/15/31          7.250          2,620,668  
  1,935       

Speedway Motorsports LLC/Speedway Funding II, Inc., Rule 144A, Senior Unsecured Notes
(Callable 09/03/24 @ 101.22)(1)

      (BB+, B2)        11/01/27          4.875          1,863,800  
  1,231       

Vail Resorts, Inc., Rule 144A, Company Guaranteed Notes
(Callable 05/15/27 @ 103.25)(1)

      (BB, Ba3)        05/15/32          6.500          1,259,248  
                        

 

 

  
                           8,163,343  
                        

 

 

  
                        
 

Restaurants (0.3%)

                    
  600       

1011778 BC ULC/New Red Finance, Inc., Rule 144A, Senior Secured Notes
(Callable 06/15/26 @ 103.06)(1)

      (BB+, Ba2)        06/15/29          6.125          606,589  
                        

 

 

  
                        
 

Software - Services (5.8%)

                    
  600       

CA Magnum Holdings, Rule 144A, Senior Secured Notes
(Callable 09/02/24 @ 102.69)(1)

      (NR, B1)        10/31/26          5.375          579,537  
  1,570       

Elastic NV, Rule 144A, Senior Unsecured Notes
(Callable 09/02/24 @ 102.06)(1)

      (BB-, Ba3)        07/15/29          4.125          1,447,423  
  2,100       

Insight Enterprises, Inc., Rule 144A, Company Guaranteed Notes
(Callable 05/15/27 @ 103.31)(1)

      (BB+, Ba3)        05/15/32          6.625          2,163,838  
  1,175       

Newfold Digital Holdings Group, Inc., Rule 144A, Senior Unsecured Notes
(Callable 09/03/24 @ 103.00)(1)

      (CCC+, Caa2)        02/15/29          6.000          817,873  

 

 

 

Credit Suisse High Yield Bond Fund

Schedule of Investments (continued)

July 31, 2024 (unaudited)

 

Par
(000)		              

Ratings†
 (S&P/Moody’s) 

       Maturity          Rate%          Value   
                        
 

CORPORATE BONDS (continued)

                    
 

Software - Services (continued)

                    
$     945       

Open Text Corp., Rule 144A, Company Guaranteed Notes
(Callable 12/01/24 @ 101.94)(1)

      (BB, Ba3)        12/01/29          3.875        $   858,754  
  1,200       

Open Text Corp., Rule 144A, Senior Secured Notes
(Callable 11/01/27 @ 100.00)(1)

      (BBB-, Ba1)        12/01/27          6.900          1,246,156  
  1,250       

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

      (BB, Ba3)        12/01/31          4.125          1,116,987  
  1,200       

UKG, Inc., Rule 144A, Senior Secured Notes
(Callable 02/01/27 @ 103.44)(1)

      (B-, B2)        02/01/31          6.875          1,234,151  
  2,440       

Virtusa Corp., Rule 144A, Senior Unsecured Notes
(Callable 09/03/24 @ 103.56)(1)

      (CCC+, Caa1)        12/15/28          7.125          2,317,183  
  812       

VT Topco, Inc., Rule 144A, Senior Secured Notes
(Callable 08/15/26 @ 104.25)(1)

      (B, B2)        08/15/30          8.500          859,768  
  600       

ZoomInfo Technologies LLC/ZoomInfo Finance Corp., Rule 144A, Company Guaranteed Notes
(Callable 08/12/24 @ 101.94)(1)

      (B+, B1)        02/01/29          3.875          548,177  
                        

 

 

  
                           13,189,847  
                        

 

 

  
                        
 

Specialty Retail (4.3%)

                    
  1,050       

Amer Sports Co., Rule 144A, Senior Secured Notes
(Callable 02/16/27 @ 103.38)(1)

      (BB, B1)        02/16/31          6.750          1,043,441  
  300       

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

      (BB, B1)        11/15/29          4.625          280,657  
  2,800       

Eagle Intermediate Global Holding BV/Eagle U.S. Finance LLC, Rule 144A, Senior Secured Notes
(Callable 08/12/24 @ 100.00)(1)

      (NR, Caa3)        05/01/25          7.500          1,615,502  
  77       

Eagle Intermediate Global Holding BV/Eagle U.S. Finance LLC, Rule 144A, Senior Secured Notes
(Callable 08/12/24 @ 100.00)(1),(4),(5)

      (NR, Caa3)        05/01/25          7.500          43,989  
  102       

Eagle Intermediate Global Holding BV/Ruyi U.S. Finance
LLC(4),(5),(10)

      (NR, NR)        05/01/25          0.000          54,084  
  900       

Group 1 Automotive, Inc., Rule 144A, Company Guaranteed Notes
(Callable 09/03/24 @ 101.33)(1)

      (BB+, Ba2)        08/15/28          4.000          839,314  
  600       

Group 1 Automotive, Inc., Rule 144A, Company Guaranteed Notes
(Callable 07/15/26 @ 103.19)(1)

      (BB+, Ba2)        01/15/30          6.375          607,570  
  900       

LCM Investments Holdings II LLC, Rule 144A, Senior Unsecured Notes
(Callable 09/03/24 @ 102.44)(1)

      (BB-, B2)        05/01/29          4.875          848,211  
  1,200       

LCM Investments Holdings II LLC, Rule 144A, Senior Unsecured Notes
(Callable 08/01/26 @ 104.13)(1)

      (BB-, B2)        08/01/31          8.250          1,259,195  
  800       

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

      (BB+, Ba2)        02/15/31          3.750          711,315  
  2,325       

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

      (BB-, B1)        11/15/31          4.875          2,078,395  
  390       

Wand NewCo 3, Inc., Rule 144A, Senior Secured Notes
(Callable 01/30/27 @ 103.81)(1)

      (B, B3)        01/30/32          7.625          406,978  
                        

 

 

  
                           9,788,651  
                        

 

 

  
                        
 

Support - Services (8.1%)

                    
  1,821       

Allied Universal Holdco LLC/Allied Universal Finance Corp., Rule 144A, Senior Unsecured Notes
(Callable 09/03/24 @ 100.00)(1)

      (CCC+, Caa2)        07/15/27          9.750          1,820,313  
  1,350       

Allied Universal Holdco LLC/Allied Universal Finance Corp., Rule 144A, Senior Unsecured Notes
(Callable 09/03/24 @ 103.00)(1),(2)

      (CCC+, Caa2)        06/01/29          6.000          1,177,638  
  2,100       

CoreLogic, Inc., Rule 144A, Senior Secured Notes
(Callable 09/03/24 @ 102.25)(1)

      (B-, B2)        05/01/28          4.500          1,939,641  
  2,035       

H&E Equipment Services, Inc., Rule 144A, Company Guaranteed Notes
(Callable 09/03/24 @ 101.94)(1)

      (BB-, B1)        12/15/28          3.875          1,857,754  
  2,695       

TMS International Corp., Rule 144A, Senior Unsecured Notes
(Callable 08/12/24 @ 103.13)(1)

      (B, Caa1)        04/15/29          6.250          2,504,341  
  750       

WESCO Distribution, Inc., Rule 144A, Company Guaranteed Notes
(Callable 09/03/24 @ 102.42)(1)

      (BB, Ba3)        06/15/28          7.250          768,829  
  600       

WESCO Distribution, Inc., Rule 144A, Company Guaranteed Notes
(Callable 03/15/26 @ 103.19)(1)

      (BB, Ba3)        03/15/29          6.375          608,744  
  2,721       

White Cap Buyer LLC, Rule 144A, Senior Unsecured Notes
(Callable 09/03/24 @ 103.44)(1)

      (CCC+, Caa1)        10/15/28          6.875          2,694,750  
  865       

Williams Scotsman, Inc., Rule 144A, Senior Secured Notes
(Callable 09/03/24 @ 101.16)(1)

      (BB-, B2)        08/15/28          4.625          823,687  
  650       

Williams Scotsman, Inc., Rule 144A, Senior Secured Notes
(Callable 06/15/26 @ 103.31)(1)

      (BB-, B2)        06/15/29          6.625          662,197  
  300       

XPO, Inc., Rule 144A, Company Guaranteed Notes
(Callable 06/01/26 @ 103.56)(1)

      (BB-, Ba3)        06/01/31          7.125          309,738  

 

 

 

Credit Suisse High Yield Bond Fund

Schedule of Investments (continued)

July 31, 2024 (unaudited)

 

Par
(000)		              

Ratings†
 (S&P/Moody’s) 

       Maturity          Rate%          Value   
                        
 

CORPORATE BONDS (continued)

                    
 

Support - Services (continued)

                    
$     600       

XPO, Inc., Rule 144A, Company Guaranteed Notes
(Callable 02/01/27 @ 103.56)(1)

      (BB-, Ba3)        02/01/32          7.125        $   620,882  
  1,555       

XPO, Inc., Rule 144A, Senior Secured Notes
(Callable 06/01/25 @ 103.13)(1)

      (BBB-, Ba1)        06/01/28          6.250          1,575,035  
  1,350       

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

      (B+, B2)        01/15/30          5.000          1,179,802  
                        

 

 

  
                           18,543,351  
                        

 

 

  
                        
 

Tech Hardware & Equipment (2.1%)

                    
  2,250       

CommScope Technologies LLC, Rule 144A, Company Guaranteed Notes
(Callable 08/12/24 @ 100.00)(1)

      (CCC-, Ca)        06/15/25          6.000          2,115,000  
  2,100       

Imola Merger Corp., Rule 144A, Senior Secured Notes
(Callable 09/03/24 @ 102.38)(1)

      (BB-, B1)        05/15/29          4.750          1,977,301  
  600       

Zebra Technologies Corp., Rule 144A, Company Guaranteed Notes
(Callable 06/01/27 @ 103.25)(1)

      (BB, Ba2)        06/01/32          6.500          616,855  
                        

 

 

  
                           4,709,156  
                        

 

 

  
                        
 

Telecom - Wireline Integrated & Services (3.5%)

                    
  2,785       

Altice France SA, Rule 144A, Senior Secured Notes
(Callable 09/02/24 @ 102.56)(1)

      (CCC+, Caa1)        01/15/29          5.125          1,935,905  
  300       

Altice France SA, Rule 144A, Senior Secured Notes
(Callable 09/02/24 @ 102.56)(1)

      (CCC+, Caa1)        07/15/29          5.125          209,825  
  300       

Altice France SA, Rule 144A, Senior Secured Notes
(Callable 10/15/24 @ 102.75)(1)

      (CCC+, Caa1)        10/15/29          5.500          210,128  
  1,800       

LCPR Senior Secured Financing DAC, Rule 144A, Senior Secured Notes
(Callable 09/02/24 @ 101.69)(1)

      (B+, B2)        10/15/27          6.750          1,679,472  
  300       

LCPR Senior Secured Financing DAC, Rule 144A, Senior Secured Notes
(Callable 09/02/24 @ 102.56)(1)

      (B+, B2)        07/15/29          5.125          250,001  
  1,500       

Level 3 Financing, Inc., Rule 144A, Secured Notes
(Callable 03/22/26 @ 102.13)(1)

      (B-, Caa2)        04/01/30          4.500          1,009,592  
  900       

Level 3 Financing, Inc., Rule 144A, Secured Notes
(Callable 03/22/25 @ 101.81)(1)

      (B-, Caa2)        10/15/30          3.875          583,882  
  1,000       

Virgin Media Secured Finance PLC, Rule 144A, Senior Secured Notes
(Callable 08/12/24 @ 100.63)(1),(6)

      (B+, Ba3)        04/15/27          5.000          1,277,166  
  300       

Virgin Media Secured Finance PLC, Rule 144A, Senior Secured Notes
(Callable 08/15/25 @ 102.25)(1)

      (B+, Ba3)        08/15/30          4.500          260,425  
  600       

Vmed O2 U.K. Financing I PLC, Rule 144A, Senior Secured Notes
(Callable 01/31/26 @ 102.13)(1)

      (B+, Ba3)        01/31/31          4.250          507,526  
                        

 

 

  
                           7,923,922  
                        

 

 

  
                        
 

Theaters & Entertainment (1.2%)

                    
  2,200       

Live Nation Entertainment, Inc., Rule 144A, Company Guaranteed Notes
(Callable 09/03/24 @ 100.00)(1)

      (B+, B1)        11/01/24          4.875          2,193,725  
  500       

Live Nation Entertainment, Inc., Rule 144A, Company Guaranteed Notes
(Callable 09/03/24 @ 102.38)(1)

      (B+, B1)        10/15/27          4.750          485,147  
                        

 

 

  
                           2,678,872  
                        

 

 

  
                        
 

Trucking & Delivery (0.9%)

                    
  2,100       

RXO, Inc., Rule 144A, Company Guaranteed Notes
(Callable 11/15/24 @ 103.75)(1)

      (BB, Baa3)        11/15/27          7.500          2,162,107  
                        

 

 

  
 

TOTAL CORPORATE BONDS (Cost $224,532,956)

                       222,018,271  
                        

 

 

  
                        
 

BANK LOANS (21.7%)

                    
 

Aerospace & Defense (0.9%)

                    
  828       

Amentum Government Services Holdings LLC, 1 mo. USD Term SOFR + 8.750%(5),(7)

      (NR, NR)        01/31/28          14.208          834,053  
  392       

Amentum Government Services Holdings LLC, 1 mo. USD Term SOFR + 4.000%(7)

      (B, B2)        02/15/29          9.350          393,688  
  710       

Peraton Corp., 3 mo. USD Term SOFR + 7.750%(7)

      (NR, NR)        02/01/29          13.177          714,651  
                        

 

 

  
                           1,942,392  
                        

 

 

  
                        
 

Auto Parts & Equipment (0.6%)

                    
  254       

First Brands Group LLC, 3 mo. USD Term SOFR + 5.000%(7)

      (B+, B1)        03/30/27          10.252          252,375  
  696       

First Brands Group LLC, 3 mo. USD Term SOFR + 5.000%(7)

      (B+, B1)        03/30/27          10.514          692,906  
  498       

Jason Group, Inc., 3 mo. USD Term SOFR + 6.000%, 0.000% PIK(7),(8)

      (NR, WR)        08/28/25          11.591          452,996  
                        

 

 

  
                           1,398,277  
                        

 

 

  

 

 

 

Credit Suisse High Yield Bond Fund

Schedule of Investments (continued)

July 31, 2024 (unaudited)

 

Par
(000)		              

Ratings†
 (S&P/Moody’s) 

       Maturity        

 Rate% 

         Value   
                        
 

BANK LOANS (continued)

                    
 

Building Materials (0.3%)

                    
$     790       

Cornerstone Building Brands, Inc., 1 mo. USD Term SOFR + 5.625%(7)

      (B, B2)        08/01/28          10.954        $   791,278  
                        

 

 

  
                        
 

Chemicals (0.6%)

                    
  441       

Ascend Performance Materials Operations LLC, 3 mo. USD Term SOFR + 4.750%(7)

      (B, B1)        08/27/26          10.074          442,682  
  1,088       

Polar U.S. Borrower LLC, 3 mo. USD Term SOFR + 4.750%(7)

      (CCC, Caa1)        10/15/25          10.136          878,861  
  235       

SK Neptune Husky Finance SARL(5),(9),(10)

      (NR, WR)        04/30/24          0.000          105,939  
  1,085       

SK Neptune Husky Group SARL(9),(10)

      (D, WR)        01/03/29          0.000          18,658  
                        

 

 

  
                           1,446,140  
                        

 

 

  
                        
 

Diversified Capital Goods (0.4%)

                    
  1,233       

Dynacast International LLC, 3 mo. USD Term SOFR +
9.000%(7)

      (CCC-, Caa2)        10/22/25          14.697          912,700  
                        

 

 

  
                        
 

Electronics (1.3%)

                    
  600       

Escape Velocity Holdings, Inc., 3 mo. USD Term SOFR + 4.250%(7)

      (B, B3)        10/08/28          9.846          599,439  
  2,356       

Idemia Group, 3 mo. USD Term SOFR + 4.250%(7)

      (B, B2)        09/30/28          9.585          2,367,796  
                        

 

 

  
                           2,967,235  
                        

 

 

  
                        
 

Energy - Exploration & Production (0.0%)

                    
  2,785       

PES Holdings LLC, 3.000% PIK(5),(8),(9)

      (NR, WR)        12/31/24          3.000          41,782  
                        

 

 

  
                        
 

Food & Drug Retailers (0.3%)

                    
  1,500       

WOOF Holdings, Inc., 3 mo. USD Term SOFR +
7.250%(7)

      (CCC-, Ca)        12/21/28          12.633          780,000  
                        

 

 

  
                        
 

Gas Distribution (0.7%)

                    
  1,557       

Traverse Midstream Partners LLC, 3 mo. USD Term SOFR + 3.500%(7)

      (B+, B2)        02/16/28          8.752          1,565,677  
                        

 

 

  
                        
 

Health Facilities (0.7%)

                    
  440       

Carestream Health, Inc., 3 mo. USD Term SOFR + 7.500%(7)

      (B-, Caa1)        09/30/27          12.935          393,508  
  1,212       

Sonrava Health Holdings LLC, 3 mo. USD Term SOFR + 1.000%, 5.500% PIK(7),(8)

      (NR, Caa2)        08/18/28          12.108          860,449  
  319       

Sonrava Health Holdings LLC, 3 mo. USD Term SOFR + 6.500%(5),(7)

      (B-, B2)        05/18/28          12.108          322,529  
                        

 

 

  
                           1,576,486  
                        

 

 

  
                        
 

Health Services (1.2%)

                    
  1,230       

MedAssets Software Intermediate Holdings, Inc., 1 mo. USD Term SOFR + 6.750%(7)

      (D, Ca)        12/17/29          12.208          600,400  
  915       

Radiology Partners, Inc., 3 mo. USD Term SOFR + 3.500%, 1.500% PIK(7),(8)

      (B-, B3)        01/31/29          8.845 - 10.588          869,761  
  1,157       

U.S. Radiology Specialists, Inc., 3 mo. USD Term SOFR + 4.750%(7)

      (B-, B3)        12/15/27          10.036          1,160,241  
                        

 

 

  
                           2,630,402  
                        

 

 

  
                        
 

Hotels (0.6%)

                    
  1,337       

Aimbridge Acquisition Co., Inc., 1 mo. USD Term SOFR + 4.750%(7)

      (CCC+, B3)        02/02/26          10.208          1,323,043  
                        

 

 

  
                        
 

Life Insurance (0.1%)

                    
  211       

Truist Insurance Holdings LLC, 3 mo. USD Term SOFR + 4.750%(7)

      (CCC+, Caa2)        05/06/32          10.085          217,530  
                        

 

 

  
                        
 

Media - Diversified (0.0%)

                    
  314       

Technicolor Creative Studios(3),(4),(5),(9),(10)

      (NR, NR)        08/06/33          0.000          0  
                        

 

 

  
                        
 

Medical Products (1.0%)

                    
  1,350       

Viant Medical Holdings, Inc., 1 mo. USD Term SOFR +
7.750%(7),(11)

      (CCC, Caa3)        07/02/26          13.208          1,343,675  
  965       

Viant Medical Holdings, Inc., 1 mo. USD Term SOFR +
6.250%(5),(7)

      (B-, B3)        07/02/25          11.708          964,557  
                        

 

 

  
                           2,308,232  
                        

 

 

  
                        
 

Packaging (1.1%)

                    
  2,441       

Proampac PG Borrower LLC, 3 mo. USD Term SOFR +
4.000%(7)

      (B-, B3)        09/15/28          9.301 - 9.322          2,452,130  
                        

 

 

  

 

 

 

Credit Suisse High Yield Bond Fund

Schedule of Investments (continued)

July 31, 2024 (unaudited)

 

Par
(000)		              

Ratings†
 (S&P/Moody’s) 

       Maturity        

 Rate% 

         Value   
                        
 

BANK LOANS (continued)

                    
 

Personal & Household Products (0.8%)

                    
$     1,988       

Serta Simmons Bedding LLC, 3 mo. USD Term SOFR + 7.500%(7)

      (NR, NR)        06/29/28          12.949        $   1,616,177  
  217       

Serta Simmons Bedding LLC, 3 mo. USD Term SOFR + 7.500%(5),(7)

      (NR, NR)        06/29/28          12.894          215,875  
                        

 

 

  
                           1,832,052  
                        

 

 

  
                        
 

Restaurants (1.0%)

                    
  2,228       

IRB Holding Corp., 1 mo. USD Term SOFR +
2.750%(7)

      (B+, B2)        12/15/27          8.099          2,231,960  
                        

 

 

  
                        
 

Software - Services (5.2%)

                    
  821       

AQ Carver Buyer, Inc., 3 mo. USD Term SOFR + 5.500%(7)

      (B, B2)        08/02/29          10.852          825,407  
  1,683       

Aston FinCo SARL, 1 mo. USD Term SOFR +
4.250%(7)

      (CCC+, B3)        10/09/26          9.708          1,556,343  
  731       

Astra Acquisition Corp., 3 mo. USD Term SOFR + 6.750%(7)

      (NR, Caa1)        02/25/28          12.095          642,151  
  893       

Astra Acquisition Corp., 3 mo. USD Term SOFR + 5.250%(7)

      (CC, C)        10/25/28          10.585          299,009  
  1,716       

Cloud Software Group, Inc.(12)

      (B, B2)        03/30/29          0.000          1,717,125  
  900       

CommerceHub, Inc., 3 mo. USD Term SOFR +
7.000%(7)

      (CCC, Caa3)        12/29/28          12.477          726,750  
  295       

DCert Buyer, Inc., 1 mo. USD Term SOFR +
4.000%(7)

      (B-, B2)        10/16/26          9.344          276,347  
  746       

Perforce Software, Inc., 1 mo. USD Term SOFR + 3.750%(7)

      (B-, B2)        07/01/26          9.194          745,186  
  555       

Polaris Newco LLC, 1 mo. GBP LIBOR + 5.250%(6),(7)

      (B-, B2)        06/02/28          10.450          694,483  
  1,535       

Project Boost Purchaser LLC, 3 mo. USD Term SOFR + 3.500%(7)

      (B-, B2)        07/16/31          8.786          1,540,050  
  2,244       

Quest Software U.S. Holdings, Inc., 3 mo. USD Term SOFR + 4.250%(7)

      (CCC+, B3)        02/01/29          9.652          1,674,196  
  733       

Redstone Holdco 2 LP, 3 mo. USD Term SOFR + 4.750%(7)

      (B-, B3)        04/27/28          10.264          626,829  
  600       

UKG, Inc., 3 mo. USD Term SOFR + 3.250%(7)

      (B-, B2)        02/10/31          8.555          602,490  
                        

 

 

  
                           11,926,366  
                        

 

 

  
                        
 

Steel Producers/Products (0.6%)

                    
  1,486       

OPTA, Inc., 3 mo. USD Term SOFR + 6.750%(4),(7)

      (NR, NR)        11/09/28          12.267          1,464,056  
                        

 

 

  
                        
 

Support - Services (1.5%)

                    
  500       

CoreLogic, Inc.(12)

      (B-, B2)        06/02/28          0.000          493,595  
  900       

Gloves Buyer, Inc., 1 mo. USD Term SOFR + 4.000%(7)

      (B-, B3)        12/29/27          9.458 - 9.462          899,442  
  600       

LaserShip, Inc., 3 mo. USD Term SOFR + 7.500%(7)

      (CCC-, Caa3)        05/07/29          13.096          413,574  
  1,181       

LaserShip, Inc., 3 mo. USD Term SOFR + 4.500%(7)

      (CCC+, B3)        05/07/28          10.096          925,629  
  281       

LaserShip, Inc., 3 mo. USD Term SOFR + 7.000%(5),(7)

      (NR, B3)        09/29/27          12.335          249,661  
  600       

TruGreen LP, 3 mo. USD Term SOFR + 8.500%(5),(7)

      (CCC, Caa3)        11/02/28          14.014          456,000  
                        

 

 

  
                           3,437,901  
                        

 

 

  
                        
 

Tech Hardware & Equipment (0.5%)

                    
  1,334       

Atlas CC Acquisition Corp., 3 mo. USD Term SOFR + 4.250%(7)

      (B, Caa1)        05/25/28          9.859          987,152  
  271       

Atlas CC Acquisition Corp., 3 mo. USD Term SOFR + 4.250%(7)

      (B+, B1)        05/25/28          9.859          200,776  
                        

 

 

  
                           1,187,928  
                        

 

 

  
                        
 

Telecom - Wireline Integrated & Services (0.6%)

                    
  1,470       

Patagonia Holdco LLC, 3 mo. USD Term SOFR + 5.750%(7)

      (NR, B1)        08/01/29          11.073          1,369,467  
                        

 

 

  
                        
 

Theaters & Entertainment (1.7%)

                    
  742       

UFC Holdings LLC, 3 mo. USD Term SOFR +
2.750%(7)

      (BB, Ba3)        04/29/26          8.336          744,231  
  3,104       

William Morris Endeavor Entertainment LLC, 1 mo. USD Term SOFR + 2.750%(7)

      (BB-, B3)        05/18/25          8.208          3,112,552  
                        

 

 

  
                           3,856,783  
                        

 

 

  
 

TOTAL BANK LOANS (Cost $55,712,440)

                  49,659,817  
                        

 

 

  
                        
 

ASSET BACKED SECURITIES (7.9%)

                    
 

Collateralized Debt Obligations (7.9%)

                    
  1,000       

Anchorage Capital CLO 15 Ltd., 2020-15A,
Rule 144A, 3 mo. USD Term SOFR + 7.662%(1),(7)

      (NR, Ba3)        07/20/34          12.944          990,305  
  1,500       

Anchorage Capital CLO 25 Ltd., 2022-25A, Rule 144A, 3 mo. USD Term SOFR + 7.170%(1),(7)

      (NR, Ba3)        04/20/35          12.452          1,508,095  
  1,170       

Anchorage Capital Europe CLO 6 DAC, Rule 144A, 3 mo. EURIBOR + 5.000%(1),(3),(7)

      (BBB-, NR)        01/22/38          8.688          1,297,183  
  1,250       

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

      (NR, Ba3)        04/27/39          6.659          1,072,561  
  1,250       

Battalion CLO 18 Ltd., 2020-18A, Rule 144A, 3 mo. USD Term SOFR + 6.972%(1),(7)

      (BB-, NR)        10/15/36          12.273          1,156,523  
  1,250       

Benefit Street Partners CLO X Ltd., 2016-10A, Rule 144A, 3 mo. USD Term SOFR + 7.012%(1),(7)

      (BB-, NR)        04/20/34          12.294          1,254,835  

 

 

 

Credit Suisse High Yield Bond Fund

Schedule of Investments (continued)

July 31, 2024 (unaudited)

 

Par
(000)		              

Ratings†
 (S&P/Moody’s) 

       Maturity          Rate%          Value   
                        
 

ASSET BACKED SECURITIES (continued)

  
 

Collateralized Debt Obligations (continued)

  
$     1,500       

Cedar Funding VI CLO Ltd., 2016-6A, Rule 144A, 3 mo. USD Term SOFR + 6.982%(1),(7)

      (BB-, NR)        04/20/34          12.264        $   1,494,759  
  1,500       

KKR CLO 14 Ltd., Rule 144A, 3 mo. USD Term SOFR + 6.412%(1),(7)

      (NR, B1)        07/15/31          11.713          1,506,194  
  1,500       

KKR CLO 16 Ltd., Rule 144A, 3 mo. USD Term SOFR + 7.372%(1),(7)

      (BB-, NR)        10/20/34          12.654          1,502,940  
  1,200       

KKR CLO 45A Ltd., Rule 144A, 3 mo. USD Term SOFR + 7.300%(1),(7)

      (NR, NR)        04/15/35          12.603          1,215,772  
  1,500       

Marble Point CLO XXIII Ltd., 2021-4A, Rule 144A, 3 mo. USD Term SOFR + 6.012%(1),(7)

      (NR, Ba1)        01/22/35          11.294          1,471,185  
  600       

MP CLO III Ltd., 2013-1A, Rule 144A, 3 mo. USD Term SOFR + 3.312%(1),(7)

      (NR, Ba1)        10/20/30          8.594          601,571  
  1,500       

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

      (NR, Aa2)        04/20/37          5.459          1,427,679  
  1,000       

Venture 41 CLO Ltd., 2021-41A, Rule 144A, 3 mo. USD Term SOFR + 7.972%(1),(7)

      (BB-, NR)        01/20/34          13.254          992,845  
  600       

Vibrant CLO VII Ltd., 2017-7A, Rule 144A, 3 mo. USD Term SOFR + 3.862%(1),(7)

      (NR, Baa3)        09/15/30          9.144          604,189  
                        

 

 

  
 

TOTAL ASSET BACKED SECURITIES (Cost $18,089,040)

          18,096,636  
                        

 

 

  
                        

Shares		                                           
                        
 

COMMON STOCKS (0.7%)

  
 

Auto Parts & Equipment (0.2%)

                    
  56,742       

Jason, Inc.(5),(10)

 

        510,679  
                        

 

 

  
                        
 

Chemicals (0.3%)

                    
  89,998       

Proppants Holdings LLC(4),(5),(11)

 

        1,800  
  15,074       

Utex Industries(10)

 

        567,792  
                        

 

 

  
                           569,592  
                        

 

 

  
                        
 

Energy - Exploration & Production (0.0%)

                    
  111,570       

PES Energy, Class A(4),(5),(10),(11)

 

        1,116  
                        

 

 

  
                        
 

Personal & Household Products (0.1%)

                    
  32,039       

Dream Well, Inc.(10)

 

        208,253  
  32,039       

Serta Simmons Bedding Equipment Co.(4),(5),(10)

 

        0  
                        

 

 

  
                           208,253  
                        

 

 

  
                        
 

Pharmaceuticals (0.0%)

                    
  68,836       

Akorn, Inc.(10)

 

        3,442  
                        

 

 

  
                        
 

Private Placement (0.1%)

                    
  53,609       

Technicolor Creative Studios SA(10),(13)

 

        193,232  
                        

 

 

  
                        
 

Specialty Retail (0.0%)

                    
  105       

Eagle Investments Holding Co. LLC, Class B(4),(5),(10)

 

        1  
                        

 

 

  
                        
 

Support - Services (0.0%)

                    
  2,100       

LTR Holdings, Inc.(4),(5),(10),(11)

 

        3,111  
                        

 

 

  
 

TOTAL COMMON STOCKS (Cost $5,862,228)

          1,489,426  
                        

 

 

  
                        
 

WARRANT (0.0%)

  
 

Chemicals (0.0%)

                    
  22,499       

Project Investor Holdings LLC, expires 02/08/2026(4),(5),(10),(11) (Cost $11,699)

 

        0  
                        

 

 

  
                        
 

SHORT-TERM INVESTMENTS (10.8%)

                    
  19,015,090       

State Street Institutional U.S. Government Money Market Fund - Premier Class, 5.26%

 

        19,015,090  
  5,549,080       

State Street Navigator Securities Lending Government Money Market Portfolio, 5.31%(14)

 

        5,549,080  
                        

 

 

  
                        
 

TOTAL SHORT-TERM INVESTMENTS (Cost $24,564,170)

          24,564,170  
                        

 

 

  
                        
 

TOTAL INVESTMENTS AT VALUE (138.3%) (Cost $328,772,533)

                  315,828,320  
                        
 

LIABILITIES IN EXCESS OF OTHER ASSETS (-38.3%)

                       (87,472,402 ) 
                        

 

 

  
                        
 

NET ASSETS (100.0%)

                     $  228,355,918  
                        

 

 

  

 

†

Credit ratings given by the S&P Global Ratings Division of S&P Global Inc. (“S&P”) and Moody’s Investors Service, Inc. (“Moody’s”) are unaudited.

 

 

 

Credit Suisse High Yield Bond Fund

Schedule of Investments (continued)

July 31, 2024 (unaudited)

 

(1) 

Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2024, these securities amounted to a value of $237,046,625 or 103.8% of net assets.

(2) 

Security or portion thereof is out on loan.

(3) 

This security is denominated in Euro.

(4) 

Not readily marketable security; security is valued at fair value as determined in good faith by UBS Asset Management (Americas) LLC as the Fund’s valuation designee under the oversight of the Board of Trustees.

(5) 

Security is valued using significant unobservable inputs.

(6) 

This security is denominated in British Pound.

(7) 

Variable rate obligation — The interest rate shown is the rate in effect as of July 31, 2024. The rate may be subject to a cap and floor.

(8) 

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

(9) 

Bond is currently in default.

(10) 

Non-income producing security.

(11) 

Illiquid security.

(12) 

The rates on certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. The interest rate shown is the rate in effect as of July 31, 2024.

(13) 

Security is held through holdings of 100 shares of the CIG Special Purpose SPC — Credit Suisse High Yield Bond Fund Segregated Portfolio, an affiliated entity.

(14) 

Represents security purchased with cash collateral received for securities on loan.

INVESTMENT ABBREVIATIONS

1 mo. = 1 month

3 mo. = 3 month

EURIBOR = Euro Interbank Offered Rate

LIBOR = London Interbank Offered Rate

NR = Not Rated

SARL = société à responsabilité limitée

SOFR = Secured Overnight Financing Rate

WR = Withdrawn Rating

 

 

 

Credit Suisse High Yield Bond Fund

Schedule of Investments (continued)

July 31, 2024 (unaudited)

 

Forward Foreign Currency Contracts

 

Forward
Currency to be
Purchased

     

Forward
Currency to be
Sold

     

 Expiration 
Date

   

Counterparty

    Value on
Settlement Date		     Current
Value/Notional		     Unrealized
Appreciation		  

GBP

     36,475     

USD

      46,163      10/07/24    Barclays Bank PLC    $ 46,163     $ 46,876     $ 713  

GBP

     42,460     

USD

      52,183      10/07/24    Morgan Stanley      52,183       54,568       2,385  

USD

     1,451,752     

EUR

      1,324,725      10/07/24    Deutsche Bank AG       (1,451,752 )      (1,437,920 )      13,832  
                    

 

 

  

Total Unrealized Appreciation

 

   $   16,930  
                    

 

 

  
Forward Foreign Currency Contracts

 


Forward
Currency to be
Purchased

     

Forward
Currency to be
Sold

     

 Expiration 
Date

   

Counterparty

    Value on
Settlement Date		     Current
Value/Notional		     Unrealized
Depreciation		  

EUR

     552,139     

USD

      605,660      10/07/24    Deutsche Bank AG    $ 605,660     $ 599,319     $ (6,341 ) 

USD

     2,344,198     

EUR

      2,186,888      10/07/24    Morgan Stanley      (2,344,198 )      (2,373,753 )      (29,555 ) 

USD

     58,915     

GBP

      46,990      10/07/24    Barclays Bank PLC      (58,915 )      (60,390 )      (1,475 ) 

USD

     1,216,729     

GBP

      996,998      10/07/24    Deutsche Bank AG      (1,216,729 )      (1,281,309 )      (64,580 ) 

USD

     718,750     

GBP

      571,323      10/07/24    Morgan Stanley      (718,750 )      (734,245 )      (15,495 ) 
                    

 

 

  

Total Unrealized Depreciation

 

   $ (117,446 ) 
                    

 

 

  

Total Net Unrealized Appreciation/(Depreciation)

        $ (100,516 ) 
                    

 

 

  

 

Currency Abbreviations:
EUR = Euro
GBP = British Pound
USD = United States Dollar

 

 

 

 

 

 

 

SECURITY VALUATION — The Board of Trustees (the “Board”) is responsible for the Fund’s valuation process. The Board has delegated the supervision of the daily valuation process to UBS Asset Management (Americas) LLC, the Fund’s investment adviser (“UBS AM” or the “Adviser”), who has established a Pricing Committee and a Pricing Group, which, pursuant to the policies adopted by the Board, are responsible for making fair valuation determinations and overseeing the Fund’s pricing policies. The net asset value (“NAV”) of the Fund is determined daily as of the close of regular trading on the New York Stock Exchange, Inc. (the “Exchange”) on each day the Exchange is open for business. The valuations for fixed income securities (which may include, but are not limited to, corporate, government, municipal, mortgage-backed, collateralized mortgage obligations and asset-backed securities) and certain derivative instruments are typically the prices supplied by independent third party pricing services, which may use market prices or broker/dealer quotations or a variety of valuation techniques and methodologies. The independent third party pricing services use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar securities. These pricing services generally price fixed income securities assuming orderly transactions of an institutional “round lot” size, but some trades occur in smaller “odd lot” sizes which may be effected at lower prices than institutional round lot trades. Structured note agreements are valued in accordance with a dealer-supplied valuation based on changes in the value of the underlying index. Futures contracts are valued daily at the settlement price established by the board of trade or exchange on which they are traded. Forward contracts are valued at the London closing spot rates and the London closing forward point rates on a daily basis. The currency forward contract pricing model derives the differential in point rates to the expiration date of the forward and calculates its present value. Equity securities for which market quotations are available are valued at the last reported sales price or official closing price on the primary market or exchange on which they trade. Investments in open-ended mutual funds are valued at the NAV as reported on each business day and under normal circumstances. Securities for which market quotations are not readily available are valued at their fair value as determined in good faith by the Adviser, as the Board’s valuation designee (as defined in Rule 2a-5 under the 1940 Act), in accordance with the Adviser’s procedures. The Board oversees the Adviser in its role as valuation designee in accordance with the requirements of Rule 2a-5 under the 1940 Act. The Fund may utilize a service provided by an independent third party to fair value certain securities. When fair value pricing is employed, the prices of securities used by the Fund to calculate its NAV may differ from quoted or published prices for the same securities. If independent third party pricing services are unable to supply prices for a portfolio investment, or if the prices supplied are deemed by the Adviser to be unreliable, the market price may be determined by the Adviser using quotations from one or more brokers/dealers or at the transaction price if the security has recently been purchased and no value has yet been obtained from a pricing service or pricing broker. When reliable prices are not readily available, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the Fund calculates its NAV, these securities will be fair valued in good faith by the Pricing Group, in accordance with procedures established by the Adviser.

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

 

 

 

 

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

 

    

Level  1–quoted prices in active markets for identical investments

    

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

    

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

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

The following is a summary of the inputs used as of July 31, 2024 in valuing the Fund’s assets and liabilities carried at fair value:

 

Assets

     Level 1        Level 2        Level 3        Total   

Investments in Securities

 

Corporate Bonds

    $ —      $ 221,781,857      $ 236,414      $ 222,018,271  

Bank Loans

      —        46,469,421        3,190,396        49,659,817  

Asset Backed Securities

      —        18,096,636        —        18,096,636  

Common Stocks

      —        972,719        516,707        1,489,426  

Warrants

      —        —        0        0  

Short-term Investments

      24,564,170        —        —        24,564,170  
  

 

 

     

 

 

     

 

 

     

 

 

  
   $   24,564,170      $  287,320,633      $   3,943,517      $  315,828,320  
  

 

 

     

 

 

     

 

 

     

 

 

  

Other Financial Instruments*

 

   

Forward Foreign Currency Contracts

    $ —      $ 16,930      $ —      $ 16,930  
  

 

 

     

 

 

     

 

 

     

 

 

  
           

Liabilities

            

Other Financial Instruments*

 

   

Forward Foreign Currency Contracts

    $ —      $ 117,446      $ —      $ 117,446  
  

 

 

     

 

 

     

 

 

     

 

 

  

 

*

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

The following is a reconciliation of investments as of July 31, 2024 for which significant unobservable inputs were used in determining fair value.

 

     Corporate
Bonds		     Bank
Loans		     Common
Stocks		     Warrants      Total  

Balance as of October 31, 2023

    $ 120,999     $ 6,628,462     $ 620,769     $ 0      $ 7,370,230  

Accrued discounts (premiums)

      —       64,745       —       —        64,745  

Purchases

      137,063       759,989       —       —        897,052  

Sales

      (10,000 )      (3,977,745 )      (135 )      —        (3,987,880 ) 

Realized gain (loss)

      10,000       (493,585 )      (17,415 )      —        (501,000 ) 

Change in unrealized appreciation (depreciation)

      (21,648 )      246,162       (86,512 )      —        138,002  

Transfers into Level 3

      —       1,331,835       —       —        1,331,835  

Transfers out of Level 3

      —       (1,369,467 )      —       —        (1,369,467 ) 
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

Balance as of July 31, 2024

    $  236,414     $ 3,190,396     $ 516,707     $       0      $ 3,943,517  
  

 

 

    

 

 

    

 

 

    

 

 

     

 

 

  

Net change in unrealized appreciation (depreciation) from investments still held as of July 31, 2024

    $ (6,647 )    $ (77,611 )    $ (104,008 )    $ —      $ (188,266 ) 

 

 

 

Quantitative Disclosure About Significant Unobservable Inputs

 

Asset Class

    Fair Value
At July 31, 2024		     

Valuation

Technique

   

Unobservable

Input

    Price Range
(Weighted Average)*		  

Corporate Bonds

    $ 98,073      Income Approach    Expected Remaining Distribution    $ 0.53 - $0.57 ($0.55)  
     138,341      Recent Transactions    Trade Price      1.08 (1.08)  

Bank Loans

      0      Income Approach    Expected Remaining Distribution      0.00 (N/A)  
     322,529      Recent Transactions    Trade Price      1.01 (1.01)  
     2,867,867      Vendor pricing    Single Broker Quote      0.01 - 1.01 (0.92)  

Common Stocks

      6,028      Income Approach    Expected Remaining Distribution      0.00 - 1.48 (0.77)  
     510,679      Vendor pricing    Single Broker Quote      9.00 (9.00)  

Warrants

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

* Weighted by relative fair value

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

During the period ended July 31, 2024, $1,331,835 was transferred from Level 2 to Level 3 due to a lack of a pricing source supported by observable inputs and $1,369,467 was transferred from Level 3 to Level 2 as a result of the availability of a pricing source supported by observable inputs. All transfers, if any, are assumed to occur at the end of the reporting period.

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

 

 

 

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