Credit Suisse High Yield Bond Fund
Schedule of Investments
January 31, 2025 (unaudited)
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Par
(000) |
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Ratings†
(S&P/Moody’s) |
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Maturity |
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Rate% |
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Value |
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CORPORATE BONDS (105.9%) |
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Aerospace & Defense (2.9%) |
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| $ |
600 |
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AAR Escrow Issuer LLC, Rule 144A, Company Guaranteed Notes
(Callable 03/15/26 @ 103.38)(1) |
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(BB, Ba2) |
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03/15/29 |
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6.750 |
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$ |
614,047 |
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| |
2,400 |
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Amentum Holdings, Inc., Rule 144A, Company Guaranteed Notes
(Callable 08/01/27 @ 103.63)(1) |
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(B, B3) |
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08/01/32 |
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7.250 |
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2,435,102 |
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587 |
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Bombardier, Inc., Rule 144A, Senior Unsecured Notes (Callable 02/01/26 @ 103.75)(1) |
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(B+, B1) |
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02/01/29 |
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7.500 |
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611,826 |
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| |
900 |
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Bombardier, Inc., Rule 144A, Senior Unsecured Notes (Callable 11/15/26 @ 104.38)(1) |
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(B+, B1) |
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11/15/30 |
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8.750 |
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970,213 |
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1,260 |
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TransDigm, Inc., Rule 144A, Senior Secured Notes (Callable 03/01/26 @ 103.19)(1) |
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(BB-, Ba3) |
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03/01/29 |
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6.375 |
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1,274,373 |
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| |
660 |
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TransDigm, Inc., Rule 144A, Senior Secured Notes (Callable 03/01/27 @ 103.31)(1) |
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(BB-, Ba3) |
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03/01/32 |
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6.625 |
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672,206 |
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6,577,767 |
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Air Transportation (0.2%) |
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475 |
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VistaJet Malta Finance PLC/Vista Management Holding, Inc., Rule 144A, Senior Unsecured
Notes
(Callable 03/03/25 @ 103.19)(1) |
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(B-, B3) |
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02/01/30 |
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6.375 |
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436,389 |
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Auto Parts & Equipment (5.7%) |
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2,100 |
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Adient Global Holdings Ltd., Rule 144A, Senior Secured Notes (Callable 04/15/25 @ 103.50)(1) |
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(BBB-, Ba2) |
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04/15/28 |
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7.000 |
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2,128,350 |
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263 |
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Adient Global Holdings Ltd., Rule 144A, Senior Unsecured Notes
(Callable 02/15/28 @ 103.75)(1) |
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(BB, B2) |
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02/15/33 |
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7.500 |
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266,317 |
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2,080 |
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Clarios Global LP/Clarios U.S. Finance Co., Rule 144A, Company Guaranteed Notes
(Callable
03/03/25 @ 100.00)(1) |
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(B, Caa1) |
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05/15/27 |
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8.500 |
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2,095,003 |
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1,800 |
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Cougar JV Subsidiary LLC, Rule 144A, Senior Unsecured Notes (Callable 05/15/27 @ 104.00)(1) |
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(B+, B2) |
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05/15/32 |
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8.000 |
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1,885,541 |
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2,575 |
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Dealer Tire LLC/DT Issuer LLC, Rule 144A, Senior Unsecured Notes
(Callable 03/03/25 @
102.00)(1) |
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(CCC, Caa1) |
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02/01/28 |
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8.000 |
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2,562,870 |
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2,153 |
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Garrett Motion Holdings, Inc./Garrett LX I SARL, Rule 144A, Company Guaranteed
Notes
(Callable 05/31/27 @ 103.88)(1) |
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(B, B1) |
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05/31/32 |
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7.750 |
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2,196,269 |
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1,802 |
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Phinia, Inc., Rule 144A, Senior Secured Notes
(Callable 04/15/26 @ 103.38)(1) |
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(BB+, Baa3) |
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04/15/29 |
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6.750 |
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1,854,336 |
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12,988,686 |
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Brokerage (1.1%) |
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2,391 |
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StoneX Group, Inc., Rule 144A, Senior Secured Notes (Callable 03/01/27 @ 103.94)(1) |
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(BB-, Ba3) |
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03/01/31 |
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7.875 |
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2,519,844 |
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Building & Construction (3.0%) |
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1,600 |
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MasTec, Inc., Rule 144A, Senior Unsecured Notes (Callable 02/11/25 @ 103.31)(1) |
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(BBB-, NR) |
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08/15/29 |
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6.625 |
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1,594,076 |
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2,361 |
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Pike Corp., Rule 144A, Company Guaranteed Notes (Callable 03/03/25 @ 101.38)(1) |
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(B-, B3) |
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09/01/28 |
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5.500 |
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2,313,104 |
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300 |
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Pike Corp., Rule 144A, Senior Unsecured Notes
(Callable 01/31/27 @ 104.31)(1) |
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(B-, B3) |
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01/31/31 |
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8.625 |
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320,278 |
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614 |
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Quikrete Holdings, Inc., Rule 144A, Senior Secured Notes
(Callable 03/01/28 @ 103.19)(1) |
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(BB, Ba3) |
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03/01/32 |
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6.375 |
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617,070 |
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| |
1,024 |
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Quikrete Holdings, Inc., Rule 144A, Senior Unsecured Notes (Callable 03/01/28 @ 103.38)(1) |
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(B+, B2) |
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03/01/33 |
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6.750 |
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1,030,400 |
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920 |
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Standard Building Solutions, Inc., Rule 144A, Senior Unsecured Notes
(Callable 08/15/27 @
103.25)(1) |
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(BB, Ba3) |
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08/15/32 |
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6.500 |
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929,919 |
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6,804,847 |
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Building Materials (8.3%) |
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565 |
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Advanced Drainage Systems, Inc., Rule 144A, Company Guaranteed Notes
(Callable 07/15/25 @
103.19)(1) |
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(BB-, Ba2) |
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06/15/30 |
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6.375 |
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570,781 |
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1,021 |
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Cornerstone Building Brands, Inc., Rule 144A, Senior Secured Notes (Callable 08/15/26 @ 104.75)(1) |
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(B, B2) |
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08/15/29 |
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9.500 |
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1,020,943 |
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2,650 |
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Eco Material Technologies, Inc., Rule 144A, Senior Secured Notes (Callable 02/12/25 @ 101.97)(1) |
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(B, B2) |
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01/31/27 |
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7.875 |
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2,703,133 |
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2,489 |
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Foundation Building Materials, Inc., Rule 144A, Company Guaranteed Notes
(Callable 03/03/25
@ 101.50)(1),(2) |
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(CCC+, Caa1) |
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03/01/29 |
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6.000 |
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2,226,607 |
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| |
1,500 |
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Installed Building Products, Inc., Rule 144A, Company Guaranteed Notes
(Callable 02/16/25 @
100.00)(1) |
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(B+, Ba2) |
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02/01/28 |
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5.750 |
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1,480,814 |
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1,200 |
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James Hardie International Finance DAC, Rule 144A, Company Guaranteed Notes
(Callable
03/03/25 @ 100.83)(1) |
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(BB+, Ba1) |
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01/15/28 |
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5.000 |
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1,171,635 |
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Credit Suisse High Yield Bond Fund
Schedule of Investments (continued)
January 31, 2025
(unaudited)
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Par
(000) |
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Ratings†
(S&P/Moody’s) |
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Maturity |
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Rate% |
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Value |
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CORPORATE BONDS (continued) |
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Building Materials (continued) |
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| $ |
1,100 |
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Masterbrand, Inc., Rule 144A, Company Guaranteed Notes
(Callable 07/15/27 @ 103.50)(1) |
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(BB, Ba3) |
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07/15/32 |
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7.000 |
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$ |
1,125,486 |
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| |
1,820 |
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Miter Brands Acquisition Holdco, Inc./MIWD Borrower LLC, Rule 144A, Senior Secured
Notes
(Callable 04/01/27 @ 103.38)(1) |
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(BB-, B1) |
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04/01/32 |
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6.750 |
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1,843,312 |
|
| |
2,650 |
|
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Oscar AcquisitionCo LLC/Oscar Finance, Inc., Rule 144A, Senior Unsecured Notes
(Callable
04/15/25 @ 104.75)(1) |
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(CCC+, Caa1) |
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04/15/30 |
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9.500 |
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2,574,258 |
|
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400 |
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Standard Industries, Inc., Rule 144A, Senior Unsecured Notes (Callable 07/15/25 @ 102.19)(1) |
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(BB, Ba3) |
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07/15/30 |
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4.375 |
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371,944 |
|
| |
1,200 |
|
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Summit Materials LLC/Summit Materials Finance Corp., Rule 144A, Company Guaranteed
Notes
(Callable 01/15/27 @ 103.63)(1) |
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(BB+, Ba3) |
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01/15/31 |
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7.250 |
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1,295,250 |
|
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2,721 |
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White Cap Buyer LLC, Rule 144A, Senior Unsecured Notes
(Callable 03/03/25 @ 101.72)(1) |
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(CCC+, Caa1) |
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10/15/28 |
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6.875 |
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2,727,250 |
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19,111,413 |
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Cable & Satellite TV (1.7%) |
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2,785 |
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Altice France SA, Rule 144A, Senior Secured Notes (Callable 03/03/25 @ 101.28)(1) |
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(CCC, Caa1) |
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01/15/29 |
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5.125 |
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2,224,476 |
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| |
300 |
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Altice France SA, Rule 144A, Senior Secured Notes (Callable 03/03/25 @ 102.56)(1) |
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(CCC, Caa1) |
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07/15/29 |
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5.125 |
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239,780 |
|
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300 |
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Altice France SA, Rule 144A, Senior Secured Notes (Callable 03/03/25 @ 102.75)(1) |
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(CCC, Caa1) |
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10/15/29 |
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5.500 |
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239,990 |
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| |
1,200 |
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Sunrise FinCo I BV, Rule 144A, Senior Secured Notes (Callable 07/15/26 @ 102.44)(1) |
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(BB-, B1) |
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07/15/31 |
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4.875 |
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1,114,740 |
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200 |
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Telenet Finance Luxembourg Notes SARL, Rule 144A, Senior Secured Notes
(Callable 02/11/25 @
100.69)(1) |
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(BB-, B1) |
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03/01/28 |
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5.500 |
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193,803 |
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4,012,789 |
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| |
Chemicals (5.7%) |
|
| |
715 |
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Avient Corp., Rule 144A, Senior Unsecured Notes
(Callable 08/01/25 @ 103.56)(1) |
|
(BB-, Ba3) |
|
|
08/01/30 |
|
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|
7.125 |
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|
734,630 |
|
| |
600 |
|
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Avient Corp., Rule 144A, Senior Unsecured Notes
(Callable 09/15/27 @ 103.13)(1) |
|
(BB-, Ba3) |
|
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11/01/31 |
|
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|
6.250 |
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|
598,975 |
|
| |
900 |
|
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Axalta Coating Systems Dutch Holding B BV, Rule 144A, Company Guaranteed Notes
(Callable
11/15/26 @ 103.63)(1) |
|
(BB, Ba3) |
|
|
02/15/31 |
|
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|
7.250 |
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|
938,553 |
|
| |
950 |
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Herens Holdco SARL, Rule 144A, Senior Secured Notes
(Callable 03/03/25 @ 102.38)(1) |
|
(B-, B2) |
|
|
05/15/28 |
|
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|
4.750 |
|
|
|
873,457 |
|
| |
1,200 |
|
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Herens Midco SARL, Rule 144A, Company Guaranteed Notes (Callable 03/02/25 @ 102.63)(1),(3) |
|
(CCC, Caa2) |
|
|
05/15/29 |
|
|
|
5.250 |
|
|
|
1,052,544 |
|
| |
1,482 |
|
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INEOS Finance PLC, Rule 144A, Senior Secured Notes
(Callable 03/03/25 @ 103.38)(1) |
|
(BB, Ba3) |
|
|
05/15/28 |
|
|
|
6.750 |
|
|
|
1,495,234 |
|
| |
600 |
|
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INEOS Quattro Finance 2 PLC, Rule 144A, Senior Secured Notes (Callable 11/15/25 @ 104.81)(1),(2) |
|
(BB, B1) |
|
|
03/15/29 |
|
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|
9.625 |
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|
|
629,612 |
|
| |
875 |
|
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Methanex U.S. Operations, Inc., Rule 144A, Company Guaranteed Notes
(Callable 09/15/31 @
100.00)(1) |
|
(BB, Ba2) |
|
|
03/15/32 |
|
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|
6.250 |
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|
874,062 |
|
| |
2,400 |
|
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Tronox, Inc., Rule 144A, Company Guaranteed Notes
(Callable 03/03/25 @ 102.31)(1),(2) |
|
(BB-, B2) |
|
|
03/15/29 |
|
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|
4.625 |
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2,177,815 |
|
| |
2,885 |
|
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Vibrantz Technologies, Inc., Rule 144A, Senior Unsecured Notes (Callable 03/03/25 @ 104.50)(1) |
|
(CCC+, Caa2) |
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|
02/15/30 |
|
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9.000 |
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|
2,640,963 |
|
| |
1,041 |
|
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WR Grace Holdings LLC, Rule 144A, Senior Secured Notes (Callable 03/01/26 @ 103.69)(1) |
|
(B-, B2) |
|
|
03/01/31 |
|
|
|
7.375 |
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|
1,075,359 |
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13,091,204 |
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| |
Diversified Capital Goods (1.6%) |
|
| |
483 |
|
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Atkore, Inc., Rule 144A, Senior Unsecured Notes
(Callable 06/01/26 @ 102.13)(1) |
|
(BB+, Ba2) |
|
|
06/01/31 |
|
|
|
4.250 |
|
|
|
433,951 |
|
| |
2,100 |
|
|
Dornoch Debt Merger Sub, Inc., Rule 144A, Senior Unsecured Notes
(Callable 03/03/25 @
103.31)(1) |
|
(CCC, Caa2) |
|
|
10/15/29 |
|
|
|
6.625 |
|
|
|
1,716,007 |
|
| |
900 |
|
|
EnerSys, Rule 144A, Company Guaranteed Notes
(Callable 09/15/27 @ 100.00)(1) |
|
(BB+, Ba3) |
|
|
12/15/27 |
|
|
|
4.375 |
|
|
|
870,134 |
|
| |
750 |
|
|
EnerSys, Rule 144A, Company Guaranteed Notes
(Callable 01/15/27 @ 103.31)(1) |
|
(BB+, Ba3) |
|
|
01/15/32 |
|
|
|
6.625 |
|
|
|
760,963 |
|
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3,781,055 |
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|
|
|
|
|
|
|
|
|
|
|
Credit Suisse High Yield Bond Fund
Schedule of Investments (continued)
January 31, 2025
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Par
(000) |
|
|
|
|
Ratings†
(S&P/Moody’s) |
|
Maturity |
|
|
Rate% |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
CORPORATE BONDS (continued) |
|
| |
Electronics (1.0%) |
|
| $ |
1,200 |
|
|
Imola Merger Corp., Rule 144A, Senior Secured Notes (Callable 03/03/25 @ 102.38)(1) |
|
(BB, Ba3) |
|
|
05/15/29 |
|
|
|
4.750 |
|
|
$ |
1,145,586 |
|
| |
1,250 |
|
|
Sensata Technologies, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/15/27 @ 103.31)(1) |
|
(BB+, Ba2) |
|
|
07/15/32 |
|
|
|
6.625 |
|
|
|
1,259,191 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,404,777 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Energy - Exploration & Production (3.9%) |
|
| |
650 |
|
|
Civitas Resources, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/01/25 @ 104.19)(1) |
|
(BB-, B1) |
|
|
07/01/28 |
|
|
|
8.375 |
|
|
|
680,507 |
|
| |
177 |
|
|
Civitas Resources, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/01/26 @ 104.38)(1) |
|
(BB-, B1) |
|
|
07/01/31 |
|
|
|
8.750 |
|
|
|
186,991 |
|
| |
1,932 |
|
|
CNX Midstream Partners LP, Rule 144A, Company Guaranteed Notes (Callable 04/15/25 @ 102.38)(1) |
|
(BB, B1) |
|
|
04/15/30 |
|
|
|
4.750 |
|
|
|
1,784,403 |
|
| |
550 |
|
|
CNX Resources Corp., Rule 144A, Company Guaranteed Notes (Callable 03/01/27 @ 103.63)(1) |
|
(BB, B1) |
|
|
03/01/32 |
|
|
|
7.250 |
|
|
|
563,110 |
|
| |
300 |
|
|
Matador Resources Co., Rule 144A, Company Guaranteed Notes (Callable 04/15/25 @ 103.44)(1) |
|
(BB-, B1) |
|
|
04/15/28 |
|
|
|
6.875 |
|
|
|
305,799 |
|
| |
874 |
|
|
Matador Resources Co., Rule 144A, Company Guaranteed Notes (Callable 04/15/27 @ 103.25)(1) |
|
(BB-, B1) |
|
|
04/15/32 |
|
|
|
6.500 |
|
|
|
877,413 |
|
| |
3,415 |
|
|
Northern Oil & Gas, Inc., Rule 144A, Senior Unsecured Notes (Callable 03/03/25 @
102.03)(1) |
|
(B+, B2) |
|
|
03/01/28 |
|
|
|
8.125 |
|
|
|
3,479,516 |
|
| |
1,080 |
|
|
TGNR Intermediate Holdings LLC, Rule 144A, Senior Unsecured Notes (Callable 03/03/25 @ 102.75)(1) |
|
(B+, B3) |
|
|
10/15/29 |
|
|
|
5.500 |
|
|
|
1,026,572 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,904,311 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Environmental (0.4%) |
|
| |
335 |
|
|
Clean Harbors, Inc., Rule 144A, Company Guaranteed Notes (Callable 02/01/26 @ 103.19)(1) |
|
(BB+, Ba3) |
|
|
02/01/31 |
|
|
|
6.375 |
|
|
|
340,138 |
|
| |
555 |
|
|
Waste Pro U.S.A., Inc., Rule 144A, Senior Unsecured Notes (Callable 02/01/28 @ 103.50)(1) |
|
(B-, B3) |
|
|
02/01/33 |
|
|
|
7.000 |
|
|
|
562,654 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
902,792 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Food & Drug Retailers (0.3%) |
|
| |
800 |
|
|
Murphy Oil USA, Inc., Rule 144A, Company Guaranteed Notes (Callable 02/15/26 @ 101.88)(1) |
|
(BB+, Ba2) |
|
|
02/15/31 |
|
|
|
3.750 |
|
|
|
713,555 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Food - Wholesale (2.6%) |
|
| |
500 |
|
|
Darling Ingredients, Inc., Rule 144A, Company Guaranteed Notes (Callable 02/11/25 @ 100.00)(1) |
|
(BB+, Ba2) |
|
|
04/15/27 |
|
|
|
5.250 |
|
|
|
497,467 |
|
| |
2,300 |
|
|
Darling Ingredients, Inc., Rule 144A, Company Guaranteed Notes (Callable 06/15/25 @ 103.00)(1) |
|
(BB+, Ba2) |
|
|
06/15/30 |
|
|
|
6.000 |
|
|
|
2,291,434 |
|
| |
1,315 |
|
|
Performance Food Group, Inc., Rule 144A, Company Guaranteed Notes (Callable 09/15/27 @ 103.06)(1) |
|
(BB, B1) |
|
|
09/15/32 |
|
|
|
6.125 |
|
|
|
1,320,361 |
|
| |
1,200 |
|
|
Post Holdings, Inc., Rule 144A, Company Guaranteed Notes (Callable 09/01/27 @ 103.19)(1) |
|
(B+, B2) |
|
|
03/01/33 |
|
|
|
6.375 |
|
|
|
1,185,236 |
|
| |
600 |
|
|
Post Holdings, Inc., Rule 144A, Company Guaranteed Notes (Callable 10/15/29 @ 103.13)(1) |
|
(B+, B2) |
|
|
10/15/34 |
|
|
|
6.250 |
|
|
|
586,112 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,880,610 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Gaming (2.5%) |
|
| |
500 |
|
|
Boyd Gaming Corp., Rule 144A, Company Guaranteed Notes (Callable 06/15/26 @ 102.38)(1) |
|
(BB, B1) |
|
|
06/15/31 |
|
|
|
4.750 |
|
|
|
466,965 |
|
| |
600 |
|
|
Caesars Entertainment, Inc., Rule 144A, Senior Secured Notes (Callable 02/15/26 @ 103.50)(1) |
|
(BB-, Ba3) |
|
|
02/15/30 |
|
|
|
7.000 |
|
|
|
618,870 |
|
| |
268 |
|
|
Caesars Entertainment, Inc., Rule 144A, Senior Secured Notes (Callable 02/15/27 @ 103.25)(1) |
|
(BB-, Ba3) |
|
|
02/15/32 |
|
|
|
6.500 |
|
|
|
271,856 |
|
| |
2,458 |
|
|
Light & Wonder International, Inc., Rule 144A, Company Guaranteed Notes (Callable
02/16/25 @ 101.75)(1) |
|
(B+, B2) |
|
|
05/15/28 |
|
|
|
7.000 |
|
|
|
2,470,361 |
|
| |
1,850 |
|
|
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp., Rule 144A, Company Guaranteed
Notes
(Callable 02/15/27 @ 100.00)(1) |
|
(BB-, B1) |
|
|
05/15/27 |
|
|
|
5.250 |
|
|
|
1,841,157 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,669,209 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit Suisse High Yield Bond Fund
Schedule of Investments (continued)
January 31, 2025
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Par
(000) |
|
|
|
|
Ratings†
(S&P/Moody’s) |
|
Maturity |
|
|
Rate% |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
CORPORATE BONDS (continued) |
|
| |
Gas Distribution (2.9%) |
|
| $ |
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 |
|
|
$ |
314,227 |
|
| |
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 |
|
|
|
445,231 |
|
| |
1,536 |
|
|
Hess Midstream Operations LP, Rule 144A, Company Guaranteed Notes (Callable 03/03/25 @ 101.71)(1) |
|
(BB+, Ba2) |
|
|
06/15/28 |
|
|
|
5.125 |
|
|
|
1,514,099 |
|
| |
600 |
|
|
Hess Midstream Operations LP, Rule 144A, Company Guaranteed Notes (Callable 10/15/25 @ 102.75)(1) |
|
(BB+, Ba2) |
|
|
10/15/30 |
|
|
|
5.500 |
|
|
|
592,852 |
|
| |
915 |
|
|
Rockies Express Pipeline LLC, Rule 144A, Senior Unsecured Notes (Callable 02/15/30 @ 100.00)(1) |
|
(BB, Ba2) |
|
|
05/15/30 |
|
|
|
4.800 |
|
|
|
860,383 |
|
| |
900 |
|
|
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp., Rule 144A, Company Guaranteed
Notes
(Callable 12/31/25 @ 103.00)(1) |
|
(B+, B1) |
|
|
12/31/30 |
|
|
|
6.000 |
|
|
|
869,620 |
|
| |
1,950 |
|
|
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp., Rule 144A, Senior Unsecured
Notes
(Callable 02/15/26 @ 103.69)(1) |
|
(B+, B1) |
|
|
02/15/29 |
|
|
|
7.375 |
|
|
|
1,987,538 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,583,950 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Health Services (1.6%) |
|
| |
2,295 |
|
|
AthenaHealth Group, Inc., Rule 144A, Senior Unsecured Notes (Callable 03/03/25 @ 103.25)(1) |
|
(CCC, Caa2) |
|
|
02/15/30 |
|
|
|
6.500 |
|
|
|
2,224,203 |
|
| |
1,569 |
|
|
Pediatrix Medical Group, Inc., Rule 144A, Company Guaranteed Notes (Callable 03/03/25 @ 102.69)(1) |
|
(BB-, Ba3) |
|
|
02/15/30 |
|
|
|
5.375 |
|
|
|
1,505,447 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,729,650 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Hotels (0.1%) |
|
| |
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 |
|
|
|
45,343 |
|
| |
247 |
|
|
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 |
|
|
|
249,028 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
294,371 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Insurance Brokerage (7.2%) |
|
| |
1,320 |
|
|
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 |
|
|
|
1,335,285 |
|
| |
1,372 |
|
|
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 |
|
|
|
1,397,822 |
|
| |
333 |
|
|
Alliant Holdings Intermediate LLC/Alliant Holdings
Co-Issuer, Rule 144A, Senior Secured Notes
(Callable 10/01/27 @ 103.69)(1) |
|
(B, B2) |
|
|
10/01/31 |
|
|
|
6.500 |
|
|
|
333,618 |
|
| |
600 |
|
|
AmWINS Group, Inc., Rule 144A, Senior Secured Notes (Callable 02/15/26 @ 103.19)(1) |
|
(B+, B1) |
|
|
02/15/29 |
|
|
|
6.375 |
|
|
|
607,403 |
|
| |
2,512 |
|
|
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 |
|
|
|
2,569,957 |
|
| |
1,200 |
|
|
HUB International Ltd., Rule 144A, Senior Secured Notes (Callable 06/15/26 @ 103.63)(1) |
|
(B, B1) |
|
|
06/15/30 |
|
|
|
7.250 |
|
|
|
1,241,657 |
|
| |
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 |
|
|
|
1,597,447 |
|
| |
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 |
|
|
|
1,950,308 |
|
| |
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 |
|
|
|
2,769,588 |
|
| |
1,200 |
|
|
Ryan Specialty LLC, Rule 144A, Senior Secured Notes (Callable 03/03/25 @ 102.19)(1) |
|
(BB-, B1) |
|
|
02/01/30 |
|
|
|
4.375 |
|
|
|
1,134,384 |
|
| |
1,500 |
|
|
Ryan Specialty LLC, Rule 144A, Senior Secured Notes (Callable 08/01/27 @ 102.94)(1) |
|
(BB-, B1) |
|
|
08/01/32 |
|
|
|
5.875 |
|
|
|
1,486,780 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
16,424,249 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Investments & Misc. Financial Services (8.2%) |
|
| |
3,150 |
|
|
Armor Holdco, Inc., Rule 144A, Company Guaranteed Notes (Callable 03/03/25 @ 104.25)(1) |
|
(CCC+, Caa1) |
|
|
11/15/29 |
|
|
|
8.500 |
|
|
|
3,175,880 |
|
| |
900 |
|
|
Block, Inc., Rule 144A, Senior Unsecured Notes
(Callable 05/15/27 @ 103.25)(1) |
|
(BB+, Ba2) |
|
|
05/15/32 |
|
|
|
6.500 |
|
|
|
921,036 |
|
| |
3,000 |
|
|
Boost Newco Borrower LLC, Rule 144A, Senior Secured Notes (Callable 01/15/27 @ 103.75)(1) |
|
(BB, Ba3) |
|
|
01/15/31 |
|
|
|
7.500 |
|
|
|
3,143,733 |
|
| |
1,450 |
|
|
Compass Group Diversified Holdings LLC, Rule 144A, Company Guaranteed Notes
(Callable
02/16/25 @ 102.63)(1) |
|
(B+, B1) |
|
|
04/15/29 |
|
|
|
5.250 |
|
|
|
1,404,899 |
|
| |
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 |
|
|
|
1,062,139 |
|
| |
1,689 |
|
|
Focus Financial Partners LLC, Rule 144A, Senior Secured Notes (Callable 09/15/27 @ 103.38)(1) |
|
(B, B2) |
|
|
09/15/31 |
|
|
|
6.750 |
|
|
|
1,699,226 |
|
Credit Suisse High Yield Bond Fund
Schedule of Investments (continued)
January 31, 2025
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Par
(000) |
|
|
|
|
Ratings†
(S&P/Moody’s) |
|
Maturity |
|
|
Rate% |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
CORPORATE BONDS (continued) |
|
| |
Investments & Misc. Financial Services
(continued) |
|
| $ |
2,700 |
|
|
Jane Street Group/JSG Finance, Inc., Rule 144A, Senior Secured Notes (Callable 04/30/27 @
103.56)(1) |
|
(BB, Ba1) |
|
|
04/30/31 |
|
|
|
7.125 |
|
|
$ |
2,792,610 |
|
| |
500 |
|
|
Jane Street Group/JSG Finance, Inc., Rule 144A, Senior Secured Notes (Callable 11/01/27 @
103.06)(1) |
|
(BB, Ba1) |
|
|
11/01/32 |
|
|
|
6.125 |
|
|
|
498,047 |
|
| |
300 |
|
|
Paysafe Finance PLC/Paysafe Holdings U.S. Corp., Rule 144A, Senior Secured
Notes
(Callable 03/03/25 @ 102.00)(1) |
|
(B, B2) |
|
|
06/15/29 |
|
|
|
4.000 |
|
|
|
279,191 |
|
| |
600 |
|
|
Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc., Rule 144A, Company Guaranteed
Notes
(Callable 03/03/25 @ 100.00)(1) |
|
(NR, Ba3) |
|
|
11/01/26 |
|
|
|
4.625 |
|
|
|
593,943 |
|
| |
600 |
|
|
Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc., Rule 144A, Company Guaranteed
Notes
(Callable 08/15/27 @ 103.38)(1) |
|
(NR, Ba3) |
|
|
08/15/32 |
|
|
|
6.750 |
|
|
|
616,489 |
|
| |
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 |
|
|
|
2,576,536 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
18,763,729 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Machinery (4.2%) |
|
| |
2,100 |
|
|
Arcosa, Inc., Rule 144A, Company Guaranteed Notes (Callable 08/15/27 @ 103.44)(1) |
|
(B+, Ba3) |
|
|
08/15/32 |
|
|
|
6.875 |
|
|
|
2,154,617 |
|
| |
1,222 |
|
|
Chart Industries, Inc., Rule 144A, Senior Secured Notes (Callable 01/01/26 @ 103.75)(1) |
|
(BB-, Ba3) |
|
|
01/01/30 |
|
|
|
7.500 |
|
|
|
1,280,610 |
|
| |
2,795 |
|
|
Enviri Corp., Rule 144A, Company Guaranteed Notes (Callable 03/03/25 @ 100.00)(1) |
|
(B, B3) |
|
|
07/31/27 |
|
|
|
5.750 |
|
|
|
2,713,116 |
|
| |
1,990 |
|
|
Griffon Corp., Global Company Guaranteed Notes (Callable 03/03/25 @ 100.96) |
|
(B, B1) |
|
|
03/01/28 |
|
|
|
5.750 |
|
|
|
1,974,429 |
|
| |
1,200 |
|
|
Hillenbrand, Inc., Global Company Guaranteed Notes (Callable 02/15/26 @ 103.13) |
|
(BB+, Ba1) |
|
|
02/15/29 |
|
|
|
6.250 |
|
|
|
1,212,736 |
|
| |
226 |
|
|
Regal Rexnord Corp., Global Company Guaranteed Notes (Callable 01/15/33 @ 100.00) |
|
(BB+, Baa3) |
|
|
04/15/33 |
|
|
|
6.400 |
|
|
|
234,363 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,569,871 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Media - Diversified (0.0%) |
|
| |
67 |
|
|
Tech 7 SAS Super Senior (New Money Tranche
1)(3),(4),(5) |
|
(NR, NR) |
|
|
03/31/26 |
|
|
|
18.682 |
|
|
|
7 |
|
| |
40 |
|
|
Tech 7 SAS Super Senior (New Money Tranche
2)(3),(4),(5) |
|
(NR, NR) |
|
|
03/31/26 |
|
|
|
15.000 |
|
|
|
4 |
|
| |
20 |
|
|
Tech 7 SAS Technicolor Creative Studios Super
Senior(3),(4),(5) |
|
(NR, NR) |
|
|
04/01/26 |
|
|
|
15.000 |
|
|
|
2 |
|
| |
34 |
|
|
Technicolor Creative
Studios(3),(4),(5) |
|
(NR, NR) |
|
|
03/31/26 |
|
|
|
15.000 |
|
|
|
34,974 |
|
| |
20 |
|
|
Technicolor Creative
Studios(3),(4),(5) |
|
(NR, NR) |
|
|
04/01/26 |
|
|
|
15.000 |
|
|
|
2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
34,989 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Media Content (0.2%) |
|
| |
600 |
|
|
Sirius XM Radio LLC, Rule 144A, Company Guaranteed Notes (Callable 09/01/26 @ 101.94)(1),(2) |
|
(BB+, Ba3) |
|
|
09/01/31 |
|
|
|
3.875 |
|
|
|
517,330 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Metals & Mining - Excluding Steel (4.5%) |
|
| |
1,959 |
|
|
Constellium SE, Rule 144A, Company Guaranteed Notes (Callable 08/15/27 @ 103.19)(1),(2) |
|
(BB-, Ba3) |
|
|
08/15/32 |
|
|
|
6.375 |
|
|
|
1,933,258 |
|
| |
2,700 |
|
|
ERO Copper Corp., Rule 144A, Company Guaranteed Notes (Callable 03/03/25 @ 103.25)(1) |
|
(B, B1) |
|
|
02/15/30 |
|
|
|
6.500 |
|
|
|
2,650,084 |
|
| |
2,300 |
|
|
First Quantum Minerals Ltd., Rule 144A, Secured Notes (Callable 03/01/26 @ 104.69)(1) |
|
(B, NR) |
|
|
03/01/29 |
|
|
|
9.375 |
|
|
|
2,433,434 |
|
| |
600 |
|
|
Kaiser Aluminum Corp., Rule 144A, Company Guaranteed Notes (Callable 03/03/25 @ 100.00)(1) |
|
(BB-, B2) |
|
|
03/01/28 |
|
|
|
4.625 |
|
|
|
578,761 |
|
| |
1,200 |
|
|
Kaiser Aluminum Corp., Rule 144A, Company Guaranteed Notes (Callable 06/01/26 @ 102.25)(1) |
|
(BB-, B2) |
|
|
06/01/31 |
|
|
|
4.500 |
|
|
|
1,079,373 |
|
| |
782 |
|
|
Novelis Corp., Rule 144A, Company Guaranteed Notes (Callable 03/03/25 @ 102.38)(1) |
|
(BB, Ba3) |
|
|
01/30/30 |
|
|
|
4.750 |
|
|
|
735,138 |
|
| |
985 |
|
|
Novelis, Inc., Rule 144A, Company Guaranteed Notes (Callable 01/30/27 @ 103.44)(1) |
|
(BB, Ba3) |
|
|
01/30/30 |
|
|
|
6.875 |
|
|
|
1,009,211 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,419,259 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Oil Field Equipment & Services (1.3%) |
|
| |
2,750 |
|
|
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 |
|
|
|
2,906,043 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit Suisse High Yield Bond Fund
Schedule of Investments (continued)
January 31, 2025
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Par
(000) |
|
|
|
|
Ratings†
(S&P/Moody’s) |
|
Maturity |
|
|
Rate% |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
CORPORATE BONDS (continued) |
|
| |
Oil Refining & Marketing (1.4%) |
|
| $ |
1,050 |
|
|
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 |
|
|
$ |
1,097,117 |
|
| |
900 |
|
|
Sunoco LP, Rule 144A, Company Guaranteed Notes (Callable 05/01/27 @ 103.63)(1) |
|
(BB+, Ba1) |
|
|
05/01/32 |
|
|
|
7.250 |
|
|
|
939,881 |
|
| |
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 |
|
|
|
1,132,484 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,169,482 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Packaging (3.9%) |
|
| |
690 |
|
|
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC, Rule 144A, Senior
Unsecured Notes (Callable 03/02/25 @ 101.50)(1),(3) |
|
(CCC, Caa2) |
|
|
09/01/29 |
|
|
|
3.000 |
|
|
|
620,007 |
|
| |
600 |
|
|
Ball Corp., Global Company Guaranteed Notes
(Callable 02/16/25 @ 103.44) |
|
(BB+, Ba1) |
|
|
03/15/28 |
|
|
|
6.875 |
|
|
|
616,654 |
|
| |
600 |
|
|
Intelligent Packaging Ltd. Finco, Inc./Intelligent Packaging Ltd. Co-Issuer LLC, Rule 144A, Senior Secured Notes (Callable 03/03/25 @ 100.00)(1) |
|
(B-, B2) |
|
|
09/15/28 |
|
|
|
6.000 |
|
|
|
597,396 |
|
| |
2,550 |
|
|
Mauser Packaging Solutions Holding Co., Rule 144A, Senior Secured Notes (Callable 03/03/25 @
103.94)(1) |
|
(B, B2) |
|
|
04/15/27 |
|
|
|
7.875 |
|
|
|
2,601,535 |
|
| |
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 |
|
|
|
407,968 |
|
| |
2,284 |
|
|
Trident TPI Holdings, Inc., Rule 144A, Company Guaranteed Notes (Callable 12/31/25 @ 106.38)(1) |
|
(CCC+, Caa2) |
|
|
12/31/28 |
|
|
|
12.750 |
|
|
|
2,526,360 |
|
| |
1,235 |
|
|
TriMas Corp., Rule 144A, Company Guaranteed Notes (Callable 03/03/25 @ 102.06)(1) |
|
(BB-, Ba3) |
|
|
04/15/29 |
|
|
|
4.125 |
|
|
|
1,146,059 |
|
| |
462 |
|
|
Veritiv Operating Co., Rule 144A, Senior Secured Notes (Callable 11/30/26 @ 105.25)(1) |
|
(B+, B2) |
|
|
11/30/30 |
|
|
|
10.500 |
|
|
|
502,778 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,018,757 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Personal & Household Products (0.5%) |
|
| |
1,050 |
|
|
Amer Sports Co., Rule 144A, Senior Secured Notes (Callable 02/16/27 @ 103.38)(1),(2) |
|
(BBB-, Ba3) |
|
|
02/16/31 |
|
|
|
6.750 |
|
|
|
1,079,256 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Rail (0.6%) |
|
| |
1,385 |
|
|
Genesee & Wyoming, Inc., Rule 144A, Senior Secured Notes (Callable 04/15/27 @ 103.13)(1) |
|
(BB, Ba3) |
|
|
04/15/32 |
|
|
|
6.250 |
|
|
|
1,390,476 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Real Estate Investment Trusts (1.0%) |
|
| |
750 |
|
|
Starwood Property Trust, Inc., Rule 144A, Senior Unsecured Notes (Callable 10/01/28 @ 100.00)(1) |
|
(BB-, Ba3) |
|
|
04/01/29 |
|
|
|
7.250 |
|
|
|
775,025 |
|
| |
1,562 |
|
|
Starwood Property Trust, Inc., Rule 144A, Senior Unsecured Notes (Callable 10/15/29 @ 100.00)(1) |
|
(BB-, Ba3) |
|
|
04/15/30 |
|
|
|
6.000 |
|
|
|
1,540,605 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,315,630 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Recreation & Travel (3.4%) |
|
| |
747 |
|
|
SeaWorld Parks & Entertainment, Inc., Rule 144A, Company Guaranteed Notes
(Callable
02/11/25 @ 102.63)(1) |
|
(B+, B2) |
|
|
08/15/29 |
|
|
|
5.250 |
|
|
|
722,717 |
|
| |
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 |
|
|
|
2,617,513 |
|
| |
2,535 |
|
|
Speedway Motorsports LLC/Speedway Funding II, Inc., Rule 144A, Senior Unsecured
Notes
(Callable 03/03/25 @ 100.00)(1) |
|
(BB+, B1) |
|
|
11/01/27 |
|
|
|
4.875 |
|
|
|
2,464,882 |
|
| |
1,858 |
|
|
Vail Resorts, Inc., Rule 144A, Company Guaranteed Notes (Callable 05/15/27 @ 103.25)(1) |
|
(BB, Ba3) |
|
|
05/15/32 |
|
|
|
6.500 |
|
|
|
1,887,598 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,692,710 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Restaurants (1.4%) |
|
| |
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 |
|
|
|
609,247 |
|
| |
2,377 |
|
|
Raising Cane’s Restaurants LLC, Rule 144A, Senior Unsecured Notes (Callable 11/01/25 @
104.69)(1) |
|
(B, B3) |
|
|
05/01/29 |
|
|
|
9.375 |
|
|
|
2,549,297 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,158,544 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit Suisse High Yield Bond Fund
Schedule of Investments (continued)
January 31, 2025
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Par
(000) |
|
|
|
|
Ratings†
(S&P/Moody’s) |
|
Maturity |
|
|
Rate% |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
CORPORATE BONDS (continued) |
|
| |
Software - Services (7.3%) |
|
| $ |
2,100 |
|
|
CA Magnum Holdings, Rule 144A, Senior Secured Notes (Callable 03/03/25 @ 101.34)(1) |
|
(NR, B1) |
|
|
10/31/26 |
|
|
|
5.375 |
|
|
$ |
2,066,400 |
|
| |
1,479 |
|
|
Cloud Software Group, Inc., Rule 144A, Secured Notes (Callable 09/30/25 @ 104.50)(1) |
|
(B-, Caa2) |
|
|
09/30/29 |
|
|
|
9.000 |
|
|
|
1,516,228 |
|
| |
956 |
|
|
CommScope LLC, Rule 144A, Senior Secured Notes (Callable 06/15/26 @ 103.00)(1),(2) |
|
(NR, NR) |
|
|
12/15/31 |
|
|
|
9.500 |
|
|
|
993,752 |
|
| |
1,148 |
|
|
Elastic NV, Rule 144A, Senior Unsecured Notes
(Callable 03/03/25 @ 102.06)(1) |
|
(BB-, Ba3) |
|
|
07/15/29 |
|
|
|
4.125 |
|
|
|
1,074,931 |
|
| |
1,438 |
|
|
Ellucian Holdings, Inc., Rule 144A, Senior Secured Notes (Callable 12/01/26 @ 103.25)(1) |
|
(B-, B2) |
|
|
12/01/29 |
|
|
|
6.500 |
|
|
|
1,450,660 |
|
| |
2,850 |
|
|
Insight Enterprises, Inc., Rule 144A, Company Guaranteed Notes (Callable 05/15/27 @ 103.31)(1) |
|
(BB+, Ba3) |
|
|
05/15/32 |
|
|
|
6.625 |
|
|
|
2,900,810 |
|
| |
155 |
|
|
Open Text Corp., Rule 144A, Company Guaranteed Notes (Callable 03/03/25 @ 101.94)(1) |
|
(BB, Ba3) |
|
|
12/01/29 |
|
|
|
3.875 |
|
|
|
142,257 |
|
| |
1,200 |
|
|
Open Text Corp., Rule 144A, Senior Secured Notes
(Callable 11/01/27 @ 100.00)(1) |
|
(BBB-, Ba1) |
|
|
12/01/27 |
|
|
|
6.900 |
|
|
|
1,242,025 |
|
| |
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 |
|
|
|
1,121,716 |
|
| |
1,200 |
|
|
UKG, Inc., Rule 144A, Senior Secured Notes
(Callable 02/01/27 @ 103.44)(1) |
|
(B-, B2) |
|
|
02/01/31 |
|
|
|
6.875 |
|
|
|
1,225,883 |
|
| |
1,740 |
|
|
Virtusa Corp., Rule 144A, Senior Unsecured Notes (Callable 03/03/25 @ 101.78)(1) |
|
(B-, Caa1) |
|
|
12/15/28 |
|
|
|
7.125 |
|
|
|
1,697,747 |
|
| |
812 |
|
|
VT Topco, Inc., Rule 144A, Senior Secured Notes (Callable 08/15/26 @ 104.25)(1) |
|
(B, B2) |
|
|
08/15/30 |
|
|
|
8.500 |
|
|
|
861,163 |
|
| |
600 |
|
|
ZoomInfo Technologies LLC/ZoomInfo Finance Corp., Rule 144A, Company Guaranteed
Notes
(Callable 02/11/25 @ 100.97)(1) |
|
(B+, B1) |
|
|
02/01/29 |
|
|
|
3.875 |
|
|
|
553,530 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
16,847,102 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Specialty Retail (3.4%) |
|
| |
2,800 |
|
|
Eagle Intermediate Global Holding BV/Eagle U.S. Finance LLC, Rule 144A, Senior Secured
Notes
(Callable 02/11/25 @ 100.00)(1) |
|
(NR, Caa3) |
|
|
05/01/25 |
|
|
|
7.500 |
|
|
|
2,530,808 |
|
| |
77 |
|
|
Eagle Intermediate Global Holding BV/Eagle U.S. Finance LLC, Rule 144A, Senior Secured
Notes
(Callable 02/11/25 @ 100.00)(1),(4),(5) |
|
(NR, Caa3) |
|
|
05/01/25 |
|
|
|
7.500 |
|
|
|
69,286 |
|
| |
102 |
|
|
Eagle Intermediate Global Holding BV/Ruyi U.S. Finance LLC(4),(5),(6) |
|
(NR, NR) |
|
|
05/01/25 |
|
|
|
0.000 |
|
|
|
89,641 |
|
| |
900 |
|
|
Group 1 Automotive, Inc., Rule 144A, Company Guaranteed Notes (Callable 03/03/25 @ 101.33)(1) |
|
(BB+, Ba2) |
|
|
08/15/28 |
|
|
|
4.000 |
|
|
|
855,255 |
|
| |
1,650 |
|
|
Group 1 Automotive, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/15/26 @ 103.19)(1) |
|
(BB+, Ba2) |
|
|
01/15/30 |
|
|
|
6.375 |
|
|
|
1,681,573 |
|
| |
2,275 |
|
|
LCM Investments Holdings II LLC, Rule 144A, Senior Unsecured Notes (Callable 08/01/26 @ 104.13)(1) |
|
(BB-, B2) |
|
|
08/01/31 |
|
|
|
8.250 |
|
|
|
2,391,617 |
|
| |
297 |
|
|
Sonic Automotive, Inc., Rule 144A, Company Guaranteed Notes (Callable 11/15/26 @ 102.44)(1) |
|
(BB-, B1) |
|
|
11/15/31 |
|
|
|
4.875 |
|
|
|
274,431 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,892,611 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Steel Producers/Products (0.9%) |
|
| |
2,157 |
|
|
TMS International Corp., Rule 144A, Senior Unsecured Notes (Callable 02/11/25 @ 103.13)(1) |
|
(B, Caa1) |
|
|
04/15/29 |
|
|
|
6.250 |
|
|
|
2,047,322 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Support - Services (5.0%) |
|
| |
1,821 |
|
|
Allied Universal Holdco LLC/Allied Universal Finance Corp., Rule 144A, Senior Unsecured
Notes
(Callable 03/03/25 @ 100.00)(1) |
|
(CCC+, Caa2) |
|
|
07/15/27 |
|
|
|
9.750 |
|
|
|
1,833,614 |
|
| |
1,000 |
|
|
Beacon Roofing Supply, Inc., Rule 144A, Senior Secured Notes (Callable 08/01/26 @ 103.25)(1) |
|
(BB, Ba2) |
|
|
08/01/30 |
|
|
|
6.500 |
|
|
|
1,032,152 |
|
| |
1,500 |
|
|
Belron U.K. Finance PLC, Rule 144A, Senior Secured Notes (Callable 10/15/26 @ 102.88)(1) |
|
(BB-, Ba3) |
|
|
10/15/29 |
|
|
|
5.750 |
|
|
|
1,487,627 |
|
| |
1,500 |
|
|
CoreLogic, Inc., Rule 144A, Senior Secured Notes (Callable 03/03/25 @ 102.25)(1) |
|
(B-, B2) |
|
|
05/01/28 |
|
|
|
4.500 |
|
|
|
1,406,779 |
|
| |
1,000 |
|
|
GYP Holdings III Corp., Rule 144A, Company Guaranteed Notes (Callable 03/03/25 @ 102.31)(1) |
|
(B, Ba2) |
|
|
05/01/29 |
|
|
|
4.625 |
|
|
|
952,911 |
|
| |
333 |
|
|
H&E Equipment Services, Inc., Rule 144A, Company Guaranteed Notes (Callable 03/03/25 @
100.97)(1) |
|
(BB-, B1) |
|
|
12/15/28 |
|
|
|
3.875 |
|
|
|
332,900 |
|
| |
750 |
|
|
WESCO Distribution, Inc., Rule 144A, Company Guaranteed Notes (Callable 03/03/25 @ 102.42)(1) |
|
(BB, Ba3) |
|
|
06/15/28 |
|
|
|
7.250 |
|
|
|
764,693 |
|
| |
600 |
|
|
WESCO Distribution, Inc., Rule 144A, Company Guaranteed Notes (Callable 03/15/26 @ 103.19)(1) |
|
(BB, Ba3) |
|
|
03/15/29 |
|
|
|
6.375 |
|
|
|
611,661 |
|
| |
1,832 |
|
|
Williams Scotsman, Inc., Rule 144A, Senior Secured Notes (Callable 06/15/26 @ 103.31)(1) |
|
(BB-, B2) |
|
|
06/15/29 |
|
|
|
6.625 |
|
|
|
1,878,754 |
|
| |
1,350 |
|
|
ZipRecruiter, Inc., Rule 144A, Senior Unsecured Notes (Callable 02/11/25 @ 102.50)(1) |
|
(B+, B2) |
|
|
01/15/30 |
|
|
|
5.000 |
|
|
|
1,231,613 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,532,704 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit Suisse High Yield Bond Fund
Schedule of Investments (continued)
January 31, 2025
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Par
(000) |
|
|
|
|
Ratings†
(S&P/Moody’s) |
|
Maturity |
|
|
Rate% |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
CORPORATE BONDS (continued) |
|
| |
Tech Hardware & Equipment (1.6%) |
|
| $ |
2,322 |
|
|
Vertiv Group Corp., Rule 144A, Senior Secured Notes (Callable 03/03/25 @ 102.06)(1) |
|
(BB+, Ba2) |
|
|
11/15/28 |
|
|
|
4.125 |
|
|
$ |
2,207,211 |
|
| |
1,500 |
|
|
Zebra Technologies Corp., Rule 144A, Company Guaranteed Notes (Callable 06/01/27 @ 103.25)(1) |
|
(BB, Ba2) |
|
|
06/01/32 |
|
|
|
6.500 |
|
|
|
1,535,667 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,742,878 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Telecom - Wireline Integrated & Services (2.6%) |
|
| |
1,500 |
|
|
Altice Financing SA, Rule 144A, Senior Secured Notes (Callable 03/03/25 @ 100.00)(1) |
|
(B-, Caa1) |
|
|
01/15/28 |
|
|
|
5.000 |
|
|
|
1,222,166 |
|
| |
487 |
|
|
LCPR Senior Secured Financing DAC, Rule 144A, Senior Secured Notes (Callable 03/03/25 @ 100.00)(1) |
|
(B+, B2) |
|
|
10/15/27 |
|
|
|
6.750 |
|
|
|
446,128 |
|
| |
1,500 |
|
|
Level 3 Financing, Inc., Rule 144A, Secured Notes (Callable 03/22/26 @ 102.13)(1) |
|
(CCC+, Caa1) |
|
|
04/01/30 |
|
|
|
4.500 |
|
|
|
1,249,440 |
|
| |
900 |
|
|
Level 3 Financing, Inc., Rule 144A, Secured Notes (Callable 03/22/25 @ 101.81)(1) |
|
(CCC+, Caa1) |
|
|
10/15/30 |
|
|
|
3.875 |
|
|
|
706,158 |
|
| |
1,000 |
|
|
Virgin Media Secured Finance PLC, Rule 144A, Senior Secured Notes (Callable 02/10/25 @ 100.63)(1),(7) |
|
(B+, Ba3) |
|
|
04/15/27 |
|
|
|
5.000 |
|
|
|
1,237,113 |
|
| |
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 |
|
|
|
266,371 |
|
| |
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 |
|
|
|
522,827 |
|
| |
290 |
|
|
Vmed O2 U.K. Financing I PLC, Rule 144A, Senior Secured Notes (Callable 07/15/26 @ 102.38)(1) |
|
(B+, Ba3) |
|
|
07/15/31 |
|
|
|
4.750 |
|
|
|
255,319 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,905,522 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Transport Infrastructure/Services (0.9%) |
|
| |
300 |
|
|
XPO, Inc., Rule 144A, Company Guaranteed Notes (Callable 06/01/26 @ 103.56)(1) |
|
(BB-, Ba3) |
|
|
06/01/31 |
|
|
|
7.125 |
|
|
|
310,412 |
|
| |
600 |
|
|
XPO, Inc., Rule 144A, Company Guaranteed Notes (Callable 02/01/27 @ 103.56)(1) |
|
(BB-, Ba3) |
|
|
02/01/32 |
|
|
|
7.125 |
|
|
|
619,885 |
|
| |
1,032 |
|
|
XPO, Inc., Rule 144A, Senior Secured Notes
(Callable 06/01/25 @ 103.13)(1) |
|
(BBB-, Ba1) |
|
|
06/01/28 |
|
|
|
6.250 |
|
|
|
1,047,979 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,978,276 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Trucking & Delivery (0.9%) |
|
| |
2,100 |
|
|
RXO, Inc., Rule 144A, Company Guaranteed Notes (Callable 03/03/25 @ 103.75)(1) |
|
(BB, Baa3) |
|
|
11/15/27 |
|
|
|
7.500 |
|
|
|
2,155,871 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
TOTAL CORPORATE BONDS (Cost $240,169,723) |
|
|
|
|
|
|
|
|
|
|
|
|
242,969,830 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
BANK LOANS (20.5%) |
|
| |
Aerospace & Defense (0.3%) |
|
| |
799 |
|
|
Peraton Corp., 3 mo. USD Term SOFR +
7.750%(8) |
|
(NR, NR) |
|
|
02/01/29 |
|
|
|
12.364 |
|
|
|
679,485 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Auto Parts & Equipment (0.6%) |
|
| |
252 |
|
|
First Brands Group LLC (2021 Term Loan), 3 mo. USD Term SOFR + 5.000%(8) |
|
(B+, B1) |
|
|
03/30/27 |
|
|
|
9.552 |
|
|
|
248,194 |
|
| |
692 |
|
|
First Brands Group LLC (2022 Incremental Term Loan), 3 mo. USD Term SOFR + 5.000%(8) |
|
(B+, B1) |
|
|
03/30/27 |
|
|
|
9.552 |
|
|
|
681,689 |
|
| |
495 |
|
|
Jason Group, Inc., 1 mo. USD Term SOFR +
6.000%(8),(9) |
|
(NR, WR) |
|
|
08/28/25 |
|
|
|
10.426 |
|
|
|
449,603 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,379,486 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Building Materials (0.6%) |
|
| |
55 |
|
|
ARAMSCO, Inc. (2023 Delayed Draw Term
Loan)(10) |
|
(B-, Caa1) |
|
|
10/10/30 |
|
|
|
0.000 |
|
|
|
52,351 |
|
| |
538 |
|
|
ARAMSCO, Inc. (2023 Term Loan
B)(10) |
|
(B-, Caa1) |
|
|
10/10/30 |
|
|
|
0.000 |
|
|
|
508,097 |
|
| |
786 |
|
|
Cornerstone Building Brands, Inc., 1 mo. USD Term SOFR + 5.625%(8) |
|
(B, B2) |
|
|
08/01/28 |
|
|
|
9.931 |
|
|
|
777,346 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,337,794 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Credit Suisse High Yield Bond Fund
Schedule of Investments (continued)
January 31, 2025
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Par
(000) |
|
|
|
|
Ratings†
(S&P/Moody’s) |
|
Maturity |
|
|
Rate% |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
BANK LOANS (continued) |
|
| |
Chemicals (1.2%) |
|
| $ |
621 |
|
|
Ascend Performance Materials Operations LLC, 6 mo. USD Term SOFR + 4.750%(8) |
|
(B, B2) |
|
|
08/27/26 |
|
|
|
9.095 |
|
|
$ |
476,062 |
|
| |
1,008 |
|
|
Polar U.S. Borrower LLC, 1 mo. USD Term SOFR + 5.500%(5),(8),(9) |
|
(CCC+, Caa1) |
|
|
10/16/28 |
|
|
|
9.161 |
|
|
|
740,852 |
|
| |
1,759 |
|
|
Polar U.S. Borrower LLC, 3 mo. USD Term SOFR + 5.500%(5),(8),(9) |
|
(CCC+, Caa1) |
|
|
10/16/28 |
|
|
|
9.900 |
|
|
|
1,293,201 |
|
| |
235 |
|
|
SK Neptune Husky Finance
SARL(5),(6),(9),(11) |
|
(NR, WR) |
|
|
04/30/25 |
|
|
|
0.000 |
|
|
|
182,452 |
|
| |
1,085 |
|
|
SK Neptune Husky Group
SARL(6),(9),(11) |
|
(NR, WR) |
|
|
01/03/29 |
|
|
|
0.000 |
|
|
|
22,251 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,714,818 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Electronics (1.6%) |
|
| |
1,244 |
|
|
Escape Velocity Holdings, Inc., 3 mo. USD Term SOFR + 4.250%(8) |
|
(B, B3) |
|
|
10/08/28 |
|
|
|
8.840 |
|
|
|
1,250,263 |
|
| |
2,344 |
|
|
Idemia Group, 3 mo. USD Term SOFR
+
4.250%(5),(8) |
|
(B, B2) |
|
|
09/30/28 |
|
|
|
8.579 |
|
|
|
2,373,143 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,623,406 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Energy - Exploration & Production (0.0%) |
|
| |
2,821 |
|
|
PES Holdings LLC, 3.000%
PIK(5),(9),(11),(12) |
|
(NR, WR) |
|
|
12/31/25 |
|
|
|
3.000 |
|
|
|
21,158 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Food & Drug Retailers (0.3%) |
|
| |
1,500 |
|
|
WOOF Holdings, Inc., 3 mo. USD Term SOFR
+ 7.250%(8),(9) |
|
(CC, Ca) |
|
|
12/21/28 |
|
|
|
11.647 |
|
|
|
723,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Gas Distribution (0.6%) |
|
| |
1,476 |
|
|
Traverse Midstream Partners LLC, 3 mo. USD Term SOFR + 3.000%(8) |
|
(B+, B2) |
|
|
02/16/28 |
|
|
|
7.291 |
|
|
|
1,486,937 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Health Facilities (0.5%) |
|
| |
433 |
|
|
Carestream Health, Inc., 3 mo. USD Term SOFR + 7.500%(8) |
|
(B-, Caa1) |
|
|
09/30/27 |
|
|
|
11.929 |
|
|
|
318,678 |
|
| |
317 |
|
|
Sonrava Health Holdings LLC, 3 mo. USD Term SOFR + 6.500%(8) |
|
(B-, B2) |
|
|
05/18/28 |
|
|
|
11.499 |
|
|
|
318,737 |
|
| |
1,246 |
|
|
Sonrava Health Holdings LLC, 3 mo. USD Term SOFR + 1.000%, 5.500% PIK(8),(9),(12) |
|
(NR, Caa2) |
|
|
08/18/28 |
|
|
|
11.499 |
|
|
|
506,872 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,144,287 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Health Services (1.3%) |
|
| |
86 |
|
|
MedAssets Software Intermediate Holdings, Inc., 1 mo. USD Term SOFR +
4.000%(8) |
|
(B, NR) |
|
|
12/15/28 |
|
|
|
8.299 |
|
|
|
83,474 |
|
| |
843 |
|
|
MedAssets Software Intermediate Holdings, Inc., 1 mo. USD Term SOFR + 4.000%(8) |
|
(CCC, Caa1) |
|
|
12/15/28 |
|
|
|
8.413 |
|
|
|
731,443 |
|
| |
38 |
|
|
MedAssets Software Intermediate Holdings, Inc., 1 mo. USD Term SOFR + 5.250%(8) |
|
(B, Caa1) |
|
|
12/15/28 |
|
|
|
9.549 |
|
|
|
37,543 |
|
| |
166 |
|
|
MedAssets Software Intermediate Holdings, Inc., 1 mo. USD Term SOFR + 6.750%(5),(8) |
|
(CCC-, NR) |
|
|
12/17/29 |
|
|
|
11.163 |
|
|
|
114,575 |
|
| |
849 |
|
|
Radiology Partners, Inc., 3 mo. USD Term SOFR + 3.500%, 1.500% PIK(8),(12) |
|
(B-, B3) |
|
|
01/31/29 |
|
|
|
9.775 |
|
|
|
842,284 |
|
| |
1,154 |
|
|
U.S. Radiology Specialists, Inc., 3 mo. USD Term SOFR + 4.750%(8) |
|
(B-, B3) |
|
|
12/15/27 |
|
|
|
9.079 |
|
|
|
1,156,596 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,965,915 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Hotels (0.4%) |
|
| |
1,330 |
|
|
Aimbridge Acquisition Co.,
Inc.(5),(6),(11) |
|
(D, Ca) |
|
|
02/02/26 |
|
|
|
0.000 |
|
|
|
844,747 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Media - Diversified (0.5%) |
|
| |
1,197 |
|
|
Cast & Crew Payroll LLC, 1 mo. USD Term SOFR + 3.750%(8) |
|
(B, B3) |
|
|
12/29/28 |
|
|
|
8.062 |
|
|
|
1,135,573 |
|
| |
315 |
|
|
Technicolor Creative
Studios(3),(4),(5),(6),(11) |
|
(NR, NR) |
|
|
08/06/33 |
|
|
|
0.000 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,135,573 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Packaging (1.0%) |
|
| |
2,221 |
|
|
Proampac PG Borrower LLC, 3 mo. USD Term SOFR + 4.000%(8) |
|
(B-, B3) |
|
|
09/15/28 |
|
|
|
8.302 -
8.523 |
|
|
|
2,228,812 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Personal & Household Products (0.9%) |
|
| |
1,983 |
|
|
Serta Simmons Bedding LLC, 3 mo. USD Term SOFR + 7.500%(8) |
|
(NR, NR) |
|
|
06/29/28 |
|
|
|
11.943 |
|
|
|
1,819,769 |
|
| |
216 |
|
|
Serta Simmons Bedding LLC, 3 mo. USD Term SOFR + 7.500%(5),(8) |
|
(NR, NR) |
|
|
06/29/28 |
|
|
|
11.905 |
|
|
|
216,688 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,036,457 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Software - Services (5.7%) |
|
| |
817 |
|
|
AQ Carver Buyer, Inc., 1 mo. USD Term SOFR
+ 5.500%(8) |
|
(B, B2) |
|
|
08/02/29 |
|
|
|
9.912 |
|
|
|
820,101 |
|
| |
2,871 |
|
|
Aston FinCo SARL, 1 mo. USD Term SOFR + 4.250%(8) |
|
(CCC+, B3) |
|
|
10/09/26 |
|
|
|
8.676 |
|
|
|
2,746,821 |
|
| |
428 |
|
|
Astra Acquisition Corp., 3 mo. USD Term SOFR +
6.750%(8),(9) |
|
(CCC+, Caa1) |
|
|
02/25/28 |
|
|
|
11.079 |
|
|
|
263,455 |
|
| |
1,193 |
|
|
Astra Acquisition Corp., 3 mo. USD Term SOFR +
5.250%(8) |
|
(CC, C) |
|
|
10/25/28 |
|
|
|
9.579 |
|
|
|
82,004 |
|
| |
1,271 |
|
|
Cloud Software Group, Inc., 3 mo. USD Term SOFR + 3.500%(8) |
|
(NR, B2) |
|
|
03/30/29 |
|
|
|
7.829 |
|
|
|
1,281,316 |
|
Credit Suisse High Yield Bond Fund
Schedule of Investments (continued)
January 31, 2025
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Par
(000) |
|
|
|
|
Ratings†
(S&P/Moody’s) |
|
Maturity |
|
|
Rate% |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
BANK LOANS (continued) |
|
| |
Software - Services (continued) |
|
| $ |
900 |
|
|
CommerceHub, Inc., 3 mo. USD Term SOFR + 7.000%(8) |
|
(CCC, Caa3) |
|
|
12/29/28 |
|
|
|
11.458 |
|
|
$ |
782,437 |
|
| |
294 |
|
|
DCert Buyer, Inc., 1 mo. USD Term SOFR + 4.000%(8) |
|
(B-, B2) |
|
|
10/16/26 |
|
|
|
8.312 |
|
|
|
284,498 |
|
| |
1,317 |
|
|
EagleView Technology Corp., 3 mo. USD Term SOFR + 3.500%(8) |
|
(CCC+, Caa1) |
|
|
08/14/25 |
|
|
|
8.091 |
|
|
|
1,260,582 |
|
| |
471 |
|
|
Javelin Buyer, Inc.(10) |
|
(CCC+, Caa2) |
|
|
12/06/32 |
|
|
|
0.000 |
|
|
|
469,905 |
|
| |
552 |
|
|
Polaris Newco LLC, 1 mo. GBP LIBOR +
5.250%(7),(8) |
|
(B-, B2) |
|
|
06/02/28 |
|
|
|
9.950 |
|
|
|
660,319 |
|
| |
1,535 |
|
|
Project Boost Purchaser LLC, 3 mo. USD Term SOFR + 3.000%(8) |
|
(B-, B2) |
|
|
07/16/31 |
|
|
|
7.308 |
|
|
|
1,548,523 |
|
| |
144 |
|
|
Quest Software U.S. Holdings, Inc. (2022 Term Loan), 3 mo. USD Term SOFR + 4.250%(8),(9) |
|
(CCC+, Caa1) |
|
|
02/01/29 |
|
|
|
8.691 |
|
|
|
77,049 |
|
| |
2,482 |
|
|
Quest Software U.S. Holdings, Inc. (2024 Term Loan), 3 mo. USD Term SOFR + 4.250%(8) |
|
(CCC+, Caa1) |
|
|
02/01/29 |
|
|
|
8.691 |
|
|
|
1,681,730 |
|
| |
733 |
|
|
Redstone Holdco 2 LP, 3 mo. USD Term SOFR
+ 4.750%(5),(8) |
|
(CCC+, B3) |
|
|
04/27/28 |
|
|
|
9.461 |
|
|
|
516,913 |
|
| |
597 |
|
|
UKG, Inc., 3 mo. USD Term SOFR +
3.000%(8) |
|
(B-, B2) |
|
|
02/10/31 |
|
|
|
7.300 |
|
|
|
601,224 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13,076,877 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Steel Producers/Products (0.6%) |
|
| |
1,483 |
|
|
OPTA, Inc., 3 mo. USD Term SOFR +
6.750%(5),(8),(9) |
|
(NR, NR) |
|
|
11/09/28 |
|
|
|
11.299 |
|
|
|
1,460,396 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Support - Services (2.1%) |
|
| |
1,697 |
|
|
CoreLogic, Inc., 1 mo. USD Term SOFR +
3.500%(8) |
|
(B-, B2) |
|
|
06/02/28 |
|
|
|
7.926 |
|
|
|
1,694,510 |
|
| |
893 |
|
|
Gloves Buyer, Inc., 1 mo. USD Term SOFR + 4.000%(8) |
|
(B-, B3) |
|
|
12/29/27 |
|
|
|
8.426 |
|
|
|
892,593 |
|
| |
470 |
|
|
LaserShip, Inc., 3 mo. USD Term SOFR +
7.000%(8) |
|
(CCC-, Caa2) |
|
|
01/02/29 |
|
|
|
11.778 |
|
|
|
337,681 |
|
| |
459 |
|
|
LaserShip, Inc., 3 mo. USD Term SOFR +
6.250%(8) |
|
(B, B2) |
|
|
01/02/29 |
|
|
|
11.028 |
|
|
|
472,534 |
|
| |
1,152 |
|
|
LaserShip, Inc., 3 mo. USD Term SOFR +
4.500%(8) |
|
(CCC, Caa2) |
|
|
08/10/29 |
|
|
|
9.278 |
|
|
|
793,610 |
|
| |
374 |
|
|
LaserShip, Inc., 3 mo. USD Term SOFR +
7.500%(8) |
|
(CCC-, Caa3) |
|
|
08/10/29 |
|
|
|
12.278 |
|
|
|
100,152 |
|
| |
600 |
|
|
TruGreen LP, 3 mo. USD Term SOFR +
8.500%(8) |
|
(CCC, Caa3) |
|
|
11/02/28 |
|
|
|
13.052 |
|
|
|
537,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,828,080 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Tech Hardware & Equipment (0.5%) |
|
| |
1,327 |
|
|
Atlas CC Acquisition Corp., 3 mo. USD Term SOFR + 4.250%(8) |
|
(B, Caa2) |
|
|
05/25/28 |
|
|
|
9.026 |
|
|
|
919,191 |
|
| |
270 |
|
|
Atlas CC Acquisition Corp., 3 mo. USD Term SOFR + 4.250%(8) |
|
(B, B1) |
|
|
05/25/28 |
|
|
|
9.026 |
|
|
|
186,954 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,106,145 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Telecom - Wireline Integrated & Services (0.5%) |
|
| |
1,435 |
|
|
Patagonia Holdco LLC, 3 mo. USD Term SOFR
+ 5.750%(8) |
|
(NR, B1) |
|
|
08/01/29 |
|
|
|
10.272 |
|
|
|
1,287,857 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Theaters & Entertainment (1.3%) |
|
| |
3,083 |
|
|
William Morris Endeavor Entertainment LLC, 1 mo. USD Term SOFR + 2.750%(8) |
|
(B+, B3) |
|
|
05/18/25 |
|
|
|
7.176 |
|
|
|
3,089,461 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
TOTAL BANK LOANS (Cost $55,225,030) |
|
|
|
|
|
|
|
|
|
|
|
|
47,170,691 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
ASSET BACKED SECURITIES (7.7%) |
|
| |
Collateralized Debt Obligations (7.7%) |
|
| |
1,000 |
|
|
Anchorage Capital CLO 15 Ltd., 2020-15A, Rule 144A, 3 mo. USD Term SOFR + 7.662%(1),(8) |
|
(NR, Ba3) |
|
|
07/20/34 |
|
|
|
11.955 |
|
|
|
1,013,296 |
|
| |
1,500 |
|
|
Anchorage Capital CLO 25 Ltd., 2022-25A, Rule 144A, 3 mo. USD Term SOFR + 7.170%(1),(8) |
|
(NR, Ba3) |
|
|
04/20/35 |
|
|
|
11.460 |
|
|
|
1,517,056 |
|
| |
1,170 |
|
|
Anchorage Capital Europe CLO 6 DAC, Rule 144A, 3 mo. EURIBOR + 5.000%(1),(3),(8) |
|
(BBB-, NR) |
|
|
01/22/38 |
|
|
|
7.704 |
|
|
|
1,239,811 |
|
| |
1,250 |
|
|
Anchorage Credit Funding 4 Ltd., 2016-4A, Rule 144A(1) |
|
(NR, Ba3) |
|
|
04/27/39 |
|
|
|
6.659 |
|
|
|
1,153,124 |
|
| |
1,250 |
|
|
Battalion CLO 18 Ltd., 2020-18A, Rule 144A, 3 mo. USD Term SOFR + 6.972% (1),(8) |
|
(BB-, NR) |
|
|
10/15/36 |
|
|
|
11.274 |
|
|
|
1,153,216 |
|
| |
1,250 |
|
|
Benefit Street Partners CLO X Ltd., 2016-10A, Rule 144A, 3 mo. USD Term SOFR + 7.012%(1),(8) |
|
(BB-, NR) |
|
|
04/20/34 |
|
|
|
11.305 |
|
|
|
1,263,404 |
|
| |
1,500 |
|
|
Cedar Funding VI CLO Ltd., 2016-6A, Rule 144A, 3 mo. USD Term SOFR + 6.982%(1),(8) |
|
(BB-, NR) |
|
|
04/20/34 |
|
|
|
11.275 |
|
|
|
1,513,324 |
|
| |
1,500 |
|
|
KKR CLO 14 Ltd., Rule 144A, 3 mo. USD Term SOFR + 6.412%(1),(8) |
|
(NR, B1) |
|
|
07/15/31 |
|
|
|
10.714 |
|
|
|
1,504,942 |
|
| |
1,500 |
|
|
KKR CLO 16 Ltd., Rule 144A, 3 mo. USD Term SOFR + 7.372%(1),(8) |
|
(BB-, NR) |
|
|
10/20/34 |
|
|
|
11.665 |
|
|
|
1,511,720 |
|
| |
1,200 |
|
|
KKR CLO 45a Ltd., 2024-45A, Rule 144A, 3 mo. USD Term SOFR + 7.300%(1),(8) |
|
(NR, NR) |
|
|
04/15/35 |
|
|
|
11.602 |
|
|
|
1,217,789 |
|
| |
1,500 |
|
|
Marble Point CLO XXIII Ltd., 2021-4A, Rule 144A, 3 mo. USD Term SOFR + 6.012%(1),(8) |
|
(NR, Ba1) |
|
|
01/22/35 |
|
|
|
10.302 |
|
|
|
1,509,426 |
|
| |
600 |
|
|
MP CLO III Ltd., 2013-1A, Rule 144A, 3 mo. USD Term SOFR + 3.312%(1),(8) |
|
(NR, Baa3) |
|
|
10/20/30 |
|
|
|
7.605 |
|
|
|
604,976 |
|
| |
1,500 |
|
|
Palmer Square Credit Funding Ltd., 2019-1A, Rule 144A(1) |
|
(NR, Aa2) |
|
|
04/20/37 |
|
|
|
5.459 |
|
|
|
1,490,501 |
|
Credit Suisse High Yield Bond Fund
Schedule of Investments (continued)
January 31, 2025
(unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Par
(000) |
|
|
|
|
Ratings†
(S&P/Moody’s) |
|
Maturity |
|
|
Rate% |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
ASSET BACKED SECURITIES (continued) |
|
| $ |
1,000 |
|
|
Venture 41 CLO Ltd., 2021-41A, Rule 144A, 3 mo. USD Term SOFR + 7.972%(1),(8) |
|
(BB-, NR) |
|
|
01/20/34 |
|
|
|
12.265 |
|
|
$ |
1,012,287 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
TOTAL ASSET BACKED SECURITIES (Cost $17,555,354) |
|
|
|
|
|
|
|
|
|
|
|
|
17,704,872 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
COMMON STOCKS (0.5%) |
|
| |
Auto Parts & Equipment (0.2%) |
|
| |
57 |
|
|
Jason, Inc.(6) |
|
|
|
|
|
|
|
|
|
|
|
|
312,070 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Chemicals (0.2%) |
|
| |
89,998 |
|
|
Proppants Holdings LLC(4),(5),(9) |
|
|
|
|
|
|
|
|
|
|
|
|
1,800 |
|
| |
15,074 |
|
|
Utex Industries |
|
|
|
|
|
|
|
|
|
|
|
|
509,998 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
511,798 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Energy - Exploration & Production (0.0%) |
|
| |
111,570 |
|
|
PES Energy Liquidating Trust, Class
A(4),(5),(6),(9) |
|
|
|
|
|
|
|
|
|
|
|
|
1,116 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Personal & Household Products (0.1%) |
|
| |
32,039 |
|
|
Dream Well, Inc.(6) |
|
|
|
|
|
|
|
|
|
|
|
|
288,351 |
|
| |
32,039 |
|
|
Serta Simmons Bedding Equipment
Co.(4),(5),(6) |
|
|
|
|
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
288,351 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Pharmaceuticals (0.0%) |
|
| |
68,836 |
|
|
Akorn, Inc.(6) |
|
|
|
|
|
|
|
|
|
|
|
|
2,065 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Private Placement (0.0%) |
|
| |
102,040,536 |
|
|
Technicolor Creative Studios
SA(4),(5),(6),(13) |
|
|
|
|
|
|
|
|
|
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Specialty Retail (0.0%) |
|
| |
105 |
|
|
Eagle Investments Holding Co. LLC, Class B(4),(5),(6) |
|
|
|
|
|
|
|
1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Support - Services (0.0%) |
|
| |
2,100 |
|
|
LTR Holdings, Inc.(4),(5),(6),(9) |
|
|
|
|
|
|
|
|
|
|
|
|
3,111 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
TOTAL COMMON STOCKS (Cost $5,862,228) |
|
|
|
|
|
|
|
|
|
|
|
|
1,118,512 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
WARRANT (0.0%) |
|
| |
Chemicals (0.0%) |
|
| |
22,499 |
|
|
Project Investor Holdings LLC, expires 02/08/2026(4),(5),(6),(9)
(Cost $11,699) |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
SHORT-TERM INVESTMENTS (4.8%) |
|
|
|
|
|
|
|
|
|
| |
4,338,559 |
|
|
State Street Institutional U.S. Government Money Market Fund - Premier Class,
4.34% |
|
|
|
4,338,559 |
|
| |
6,688,323 |
|
|
State Street Navigator Securities Lending Government Money Market Portfolio, 4.39%(14) |
|
|
|
6,688,323 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
TOTAL SHORT-TERM INVESTMENTS (Cost $11,026,882) |
|
|
|
|
|
|
|
11,026,882 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
TOTAL INVESTMENTS AT VALUE (139.4%) (Cost $329,850,916) |
|
|
|
|
|
|
|
319,990,787 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
LIABILITIES IN EXCESS OF OTHER ASSETS (-39.4%) |
|
|
|
|
|
|
|
(90,462,291 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
NET ASSETS (100.0%) |
|
|
|
|
|
|
$ |
229,528,496 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| † |
Credit ratings given by the S&P Global Ratings Division of S&P Global Inc. (“S&P”) and
Moody’s Investors Service, Inc. (“Moody’s”) are unaudited. |
| (1) |
Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These
securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At January 31, 2025, these securities amounted to a value of $256,066,659 or 111.6% 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) |
Non-income producing security. |
| (7) |
This security is denominated in British Pound. |
| (8) |
Variable rate obligation - The interest rate shown is the rate in effect as of January 31, 2025. The rate
may be subject to a cap and floor. |
Credit Suisse High Yield Bond Fund
Schedule of Investments (continued)
January 31, 2025
(unaudited)
| (10) |
The rates on certain variable rate securities are not based on a published reference rate and spread but are
determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. The interest rate shown is the rate in effect as of January 31, 2025.
|
| (11) |
Bond is currently in default. |
| (12) |
PIK: Payment-in-kind security for which part of the income earned may be paid as additional principal.
|
| (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
6 mo. = 6 month
EURIBOR = Euro Interbank Offered Rate
LIBOR = London Interbank
Offered Rate
NR = Not Rated
SARL = société
à responsabilité limitée
SOFR = Secured Overnight Financing Rate
WR = Withdrawn Rating
Forward Foreign Currency Contracts
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Forward
Currency to be Purchased |
|
|
Forward
Currency to be
Sold |
|
|
Expiration
Date |
|
Counterparty |
|
Value on
Settlement Date |
|
|
Current
Value/Notional |
|
|
Unrealized
Appreciation |
|
| USD |
|
|
26,855 |
|
|
EUR |
|
|
25,151 |
|
|
10/07/25 |
|
Deutsche Bank AG |
|
$ |
(26,855 |
) |
|
$ |
(26,494 |
) |
|
$ |
361 |
|
| USD |
|
|
3,312,319 |
|
|
EUR |
|
|
2,959,475 |
|
|
10/07/25 |
|
Morgan Stanley |
|
|
(3,312,319 |
) |
|
|
(3,117,428 |
) |
|
|
194,891 |
|
| USD |
|
|
2,049,553 |
|
|
GBP |
|
|
1,568,195 |
|
|
10/07/25 |
|
Morgan Stanley |
|
|
(2,049,553 |
) |
|
|
(1,947,707 |
) |
|
|
101,846 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Unrealized Appreciation |
|
|
$ |
297,098 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
96,339 |
|
|
USD |
|
|
101,873 |
|
|
10/07/25 |
|
Deutsche Bank AG |
|
$ |
101,873 |
|
|
$ |
101,481 |
|
|
$ |
(392 |
) |
| GBP |
|
|
37,226 |
|
|
USD |
|
|
48,352 |
|
|
10/07/25 |
|
Barclays Bank PLC |
|
|
48,352 |
|
|
|
46,235 |
|
|
|
(2,117 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Unrealized Depreciation |
|
|
$ |
(2,509 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Net Unrealized Appreciation/(Depreciation) |
|
|
$ |
294,589 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 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 January 31, 2025 in
valuing the Fund’s assets and liabilities carried at fair value:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Assets |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
| Investments in Securities |
|
| Corporate Bonds |
|
$ |
— |
|
|
$ |
242,775,914 |
|
|
$ |
193,916 |
|
|
$ |
242,969,830 |
|
| Bank Loans |
|
|
— |
|
|
|
39,406,566 |
|
|
|
7,764,125 |
|
|
|
47,170,691 |
|
| Asset Backed Securities |
|
|
— |
|
|
|
17,704,872 |
|
|
|
— |
|
|
|
17,704,872 |
|
| Common Stocks |
|
|
— |
|
|
|
1,112,484 |
|
|
|
6,028 |
|
|
|
1,118,512 |
|
| Warrants |
|
|
— |
|
|
|
— |
|
|
|
0 |
|
|
|
0 |
|
| Short-term Investments |
|
|
11,026,882 |
|
|
|
— |
|
|
|
— |
|
|
|
11,026,882 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
11,026,882 |
|
|
$ |
300,999,836 |
|
|
$ |
7,964,069 |
|
|
$ |
319,990,787 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Other Financial Instruments* |
|
|
|
|
|
| Forward Foreign Currency Contracts |
|
$ |
— |
|
|
$ |
297,098 |
|
|
$ |
— |
|
|
$ |
297,098 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Liabilities |
|
| Other Financial Instruments* |
|
|
|
|
|
| Forward Foreign Currency Contracts |
|
$ |
— |
|
|
$ |
2,509 |
|
|
$ |
— |
|
|
$ |
2,509 |
|
| * |
Other financial instruments include unrealized appreciation (depreciation) on forward foreign currency
contracts. |
The following is a reconciliation of investments as of January 31, 2025 for which
significant unobservable inputs were used in determining fair value.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Corporate
Bonds |
|
|
Bank Loans |
|
|
Common
Stocks |
|
|
Warrants |
|
|
Total |
|
| Balance as of October 31, 2024 |
|
$ |
296,483 |
|
|
$ |
4,930,624 |
|
|
$ |
6,028 |
|
|
$ |
0 |
|
|
$ |
5,233,135 |
|
| Accrued discounts (premiums) |
|
|
— |
|
|
|
17,226 |
|
|
|
— |
|
|
|
— |
|
|
|
17,226 |
|
| Purchases |
|
|
— |
|
|
|
658,072 |
|
|
|
— |
|
|
|
— |
|
|
|
658,072 |
|
| Sales |
|
|
— |
|
|
|
(284,379 |
) |
|
|
— |
|
|
|
— |
|
|
|
(284,379 |
) |
| Realized gain (loss) |
|
|
— |
|
|
|
939 |
|
|
|
— |
|
|
|
— |
|
|
|
939 |
|
| Change in unrealized appreciation (depreciation) |
|
|
(102,567 |
) |
|
|
99,842 |
|
|
|
— |
|
|
|
— |
|
|
|
(2,725 |
) |
| Transfers into Level 3 |
|
|
— |
|
|
|
2,878,801 |
|
|
|
— |
|
|
|
— |
|
|
|
2,878,801 |
|
| Transfers out of Level 3 |
|
|
— |
|
|
|
(537,000 |
) |
|
|
— |
|
|
|
— |
|
|
|
(537,000 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Balance as of January 31, 2025 |
|
$ |
193,916 |
|
|
$ |
7,764,125 |
|
|
$ |
6,028 |
|
|
$ |
0 |
|
|
$ |
7,964,069 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net change in unrealized appreciation (depreciation) from investments still held as of
January 31, 2025 |
|
$ |
(102,567 |
) |
|
$ |
(36,077 |
) |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
(138,644 |
) |
Quantitative Disclosure About Significant Unobservable Inputs
|
|
|
|
|
|
|
|
|
|
|
| Asset Class |
|
Fair Value At
January 31, 2025 |
|
|
Valuation
Technique |
|
Unobservable
Input |
|
Price Range
(Weighted Average)* |
| Corporate Bonds |
|
$ |
158,927 |
|
|
Income Approach |
|
Expected Remaining Distribution |
|
$0.88 – $0.90 ($0.89) |
|
|
|
34,989 |
|
|
Recent Transactions |
|
Trade Price |
|
0.00 – 1.04 (1.04) |
| Bank Loans |
|
|
0 |
|
|
Income Approach |
|
Expected Remaining Distribution |
|
0.00 (N/A) |
|
|
|
7,764,125 |
|
|
Vendor pricing |
|
Single Broker Quote |
|
0.01 – 1.01 (0.86) |
| Common Stocks |
|
|
6,028 |
|
|
Income Approach |
|
Expected Remaining Distribution |
|
0.00 – 1.48 (0.77) |
| Warrants |
|
|
0 |
|
|
Income Approach |
|
Expected Remaining Distribution |
|
0.00 (N/A) |
| * |
Weighted by relative fair value |
Each fair value determination is based on a consideration of relevant factors, including both observable and unobservable
inputs. Observable and unobservable inputs that UBS AM considers may include (i) information obtained from the company, which may include an analysis of the company’s financial statements, the company’s products or intended markets or
the company’s technologies; (ii) the price of the same or similar security negotiated at arm’s length in an issuer’s completed subsequent round of financing; (iii) the price and extent of public trading in similar securities
of the issuer or of comparable companies; or (iv) a probability and time value adjusted analysis of contractual term. Where available and appropriate, multiple valuation methodologies are applied to confirm fair value. To the extent that
valuation is based on models or inputs that are less observable or unobservable in the market, determining fair value requires more judgment. Because of the inherent uncertainty of valuation, those estimated values may be materially higher or lower
than the values that would have been used had a ready market for the investments existed. Accordingly, the degree of judgment exercised by the Fund in determining fair value is greatest for investments categorized in Level 3. In some
circumstances, the inputs used to measure fair value might be categorized within different levels of the fair value hierarchy. In those instances, the fair value measurement is categorized in its entirety in the fair value hierarchy based on the
least observable input that is significant to the fair value measurement. Additionally, changes in the market environment and other events that may occur over the life of the investments may cause the gains or losses ultimately realized on these
investments to be different from the valuations used at the date of these financial statements.
During the period ended
January 31, 2025, $2,878,801 was transferred from Level 2 to Level 3 due to a lack of a pricing source supported by observable inputs and $537,000 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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