UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number | 811-05041 | |||||||
| ||||||||
CREDIT SUISSE LARGE CAP GROWTH FUND | ||||||||
(Exact name of registrant as specified in charter) | ||||||||
| ||||||||
Eleven Madison Avenue, New York, New York |
| 10010 | ||||||
(Address of principal executive offices) |
| (Zip code) | ||||||
| ||||||||
J. Kevin Gao, Esq. Credit Suisse Large Cap Growth Fund Eleven Madison Avenue New York, New York 10010 | ||||||||
(Name and address of agent for service) | ||||||||
| ||||||||
Registrant’s telephone number, including area code: | (212) 325-2000 |
| ||||||
| ||||||||
Date of fiscal year end: | October 31st |
| ||||||
| ||||||||
Date of reporting period: | November 1, 2008 to October 31, 2009 |
| ||||||
CREDIT SUISSE FUNDS
Annual Report
October 31, 2009
n CREDIT SUISSE
LARGE CAP GROWTH FUND
n CREDIT SUISSE
MID-CAP CORE FUND
The Funds' investment objectives, risks, charges and expenses (which should be considered carefully before investing), and more complete information about the Funds, are provided in the Prospectus, which should be read carefully before investing. You may obtain additional copies by calling 877-870-2874 or by writing to Credit Suisse Funds, P.O. Box 55030, Boston, MA 02205-5030.
Credit Suisse Asset Management Securities, Inc., Distributor, is located at Eleven Madison Avenue, New York, NY 10010. Credit Suisse Funds are advised by Credit Suisse Asset Management, LLC.
Investors in the Credit Suisse Funds should be aware that they may be eligible to purchase Common Class and/or Advisor Class shares (where offered) directly or through certain intermediaries. Such shares are not subject to a sales charge but may be subject to an ongoing service and distribution fee of up to 0.50% of average daily net assets. Investors in the Credit Suisse Funds should also be aware that they may be eligible for a reduction or waiver of the sales charge with respect to Class A, B or C shares (where offered). For more information, please review the revelant prospectuses or consult your financial representative.
The views of the Funds' management are as of the date of the letter and the Fund holdings described in this document are as of October 31, 2009; these views and Fund holdings may have changed subsequent to these dates. Nothing in this document is a recommendation to purchase or sell securities.
Fund shares are not deposits or other obligations of Credit Suisse Asset Management, LLC ("Credit Suisse") or any affiliate, are not FDIC-insured and are not guaranteed by Credit Suisse or any affiliate. Fund investments are subject to investment risks, including loss of your investment.
Credit Suisse Large Cap Growth Fund
Annual Investment Adviser's Report
October 31, 2009 (unaudited)
December 7, 2009
Dear Shareholder:
Performance Summary
11/01/08 – 10/31/09
Fund and Benchmark | Performance | ||||||
Common Class1 | 16.80 | % | |||||
Advisor Class1 | 16.21 | % | |||||
Class A1,2 | 16.50 | % | |||||
Class B1,2 | 15.68 | % | |||||
Class C1,2 | 15.68 | % | |||||
Russell 1000® Growth Index3 | 17.51 | % |
Performance shown for the Fund's Class A, Class B and Class C Shares does not reflect sales charges, which are a maximum of 5.75%, 4.00% and 1.00%, respectively.2
Market Review: Signs of recovery continue
The 12-month period ended October 31, 2009, was a volatile one for equities. The Russell 1000 Growth Index returned 17.51% for the year.
As of the end of October, several key economic indicators seemed to point to continued weakness in the U.S. economy. For example, the Conference Board Consumer Confidence Index was at 47.7 on October 27, down from 53.4 in September. Additionally, unemployment rates climbed as non-farm payrolls fell by 190,000 jobs in October (with the greatest losses in construction, manufacturing and retail trade), while the household unemployment rate rose to 10.2%. Six out of ten sectors within the S&P 500 posted gains for the year, with the information technology and consumer discretionary sectors up 29.89% and 18.18%, respectively. Financials and utilities were the worst performing sectors, down by 9.61% and 2.64%, respectively.
Strategic Review and Outlook: Maintaining our long-term approach
For the annual period ended October 31, 2009, the Fund underperformed the Russell 1000 Growth Index. Consumer discretionary (one of the Fund's largest overweight positions) was the strongest sector for the time period, adding to Fund performance. Industrials and consumer staples also contributed to performance. Conversely, financials (a large overweight position) detracted from performance. Similarly, the Fund's significant underweight position in information technology also detracted from performance.
Overall, the Fund's performance was fairly steady until July, when the portfolio faced challenges as a result of the rally of stocks with higher volatility.
1
Credit Suisse Large Cap Growth Fund
Annual Investment Adviser's Report (continued)
October 31, 2009 (unaudited)
It was a difficult environment for individual stock picks, but a good environment for taking directional bets due to the rapid shift from a bear market to a bull market. Additionally, low summer volume made it harder to trade effectively as increasing retail flows and decreasing professional trades result in more erratic stock moves. These conditions resulted in the Fund underperforming its benchmark. Despite this trend, we do not believe short-term trading based on trends is sustainable or profitable over the long term. Although, we may experience temporary losses, we believe the better strategy is to continue to enter positions at attractive prices and increase the potential for strong longer-term returns going forward.
During the period, Constantin Filitti and Timothy Schwider joined Jordan Low, the lead manager, as portfolio managers of the Credit Suisse Quantitative Equities Group responsible for the day-to-day portfolio management of the Fund. Please see the supplement to the prospectus for their biographies and other details.
Although we expect the market to remain challenging in the near term, we are comfortable with our proactive, long term-investment strategy going forward.
Credit Suisse Quantitative Equities Group
Jordan Low
Constantin Filitti
Timothy Schwider
The value of investments generally will fluctuate in response to market movements and the Fund's performance will largely depend on the performance of growth stocks, which may be more volatile than the overall market.
In addition to historical information, this report contains forward-looking statements, which may concern, among other things, domestic and foreign market, industry and economic trends and developments and government regulation and their potential impact on the Fund's investments. These statements are subject to risks and uncertainties and actual trends, developments and regulations in the future, and their impact on the Fund could be materially different from those projected, anticipated or implied. The Fund has no obligation to update or revise forward-looking statements.
The Fund adopted new investment strategies effective December 1, 2006 so that its holdings are selected using quantitative stock selection models rather than a more traditional fundamental analysis approach. Investors should be aware that performance information for periods prior to December 1, 2006 does not reflect the current investment strategies.
2
Credit Suisse Large Cap Growth Fund
Annual Investment Adviser's Report (continued)
October 31, 2009 (unaudited)
Comparison of Change in Value of $10,000 Investment in the
Credit Suisse Large Cap Growth Fund1 Common Class shares, Advisor
Class shares and the Russell 1000® Growth Index3 for Ten Years.
Comparison of Change in Value of $10,000 Investment in the
Credit Suisse Large Cap Growth Fund1 Class A, B, C shares2 and the
Russell 1000® Growth Index3,6 from Inception (11/30/01).
3
Credit Suisse Large Cap Growth Fund
Annual Investment Adviser's Report (continued)
October 31, 2009 (unaudited)
Average Annual Returns as of September 30, 20091
1 Year | 5 Years | 10 Years | Since Inception | ||||||||||||||||
Common Class4 | (1.10 | )% | (0.26 | )% | (2.25 | )% | 7.02 | % | |||||||||||
Advisor Class5 | (1.59 | )% | (0.78 | )% | (2.74 | )% | 6.21 | % | |||||||||||
Class A Without Sales Charge | (1.32 | )% | (0.52 | )% | — | (2.42 | )% | ||||||||||||
Class A With Maximum Sales Charge | (7.02 | )% | (1.69 | )% | — | (3.15 | )% | ||||||||||||
Class B Without CDSC | (2.10 | )% | (1.28 | )% | — | (3.15 | )% | ||||||||||||
Class B With CDSC | (5.99 | )% | (1.28 | )% | — | (3.15 | )% | ||||||||||||
Class C Without CDSC | (2.03 | )% | (1.26 | )% | — | (3.14 | )% | ||||||||||||
Class C With CDSC | (3.00 | )% | (1.26 | )% | — | (3.14 | )% |
Average Annual Returns as of October 31, 20091
1 Year | 5 Years | 10 Years | Since Inception | ||||||||||||||||
Common Class4 | 16.80 | % | (0.73 | )% | (2.92 | )% | 6.92 | % | |||||||||||
Advisor Class5 | 16.21 | % | (1.21 | )% | (3.40 | )% | 6.09 | % | |||||||||||
Class A Without Sales Charge | 16.50 | % | (0.97 | )% | — | (2.59 | )% | ||||||||||||
Class A With Maximum Sales Charge | 9.76 | % | (2.13 | )% | — | (3.31 | )% | ||||||||||||
Class B Without CDSC | 15.68 | % | (1.71 | )% | — | (3.31 | )% | ||||||||||||
Class B With CDSC | 11.68 | % | (1.71 | )% | — | (3.31 | )% | ||||||||||||
Class C Without CDSC | 15.68 | % | (1.70 | )% | — | (3.31 | )% | ||||||||||||
Class C With CDSC | 14.68 | % | (1.70 | )% | — | (3.31 | )% |
Returns represent past performance and include change in share price and reinvestment of dividends and capital gains. Past performance cannot guarantee future results. The current performance of the Fund may be lower or higher than the figures shown. Returns and share price will fluctuate, and redemption value may be more or less than original cost. The performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Performance information current to the most recent month-end is available at www.credit-suisse.com/us.
The annualized gross expense ratios are 1.72% for Common Class shares, 2.23% for Advisor Class shares, 1.96% for Class A shares, 2.81% for Class B shares and 2.74% for Class C shares. The annualized net expense ratios after fee waivers and/or expense reimbursements are 1.25% for Common Class shares, 1.75% for Advisor Class shares, 1.50% for Class A shares, 2.25% for Class B shares and 2.25% for Class C shares.
1 Fee waivers and/or expense reimbursements may reduce expenses for the Fund, without which performance would be lower. Waivers and/or reimbursements may be discontinued at any time.
2 Total return for the Fund's Class A shares for the reporting period, based on offering price (including maximum sales charge of 5.75%), was 9.76%. Total return for the Fund's Class B shares for the reporting period, based on redemption value (including maximum contingent deferred sales charge of 4.00%), was 11.68%. Total return for the Fund's Class C shares for the reporting period, based on redemption value (including maximum contingent deferred sales charge of 1.00%), was 14.68%.
3 The Russell 1000® Growth Index measures the performance of those companies in the Russell 1000® Index with higher price-to-book ratios and higher forecasted growth values. It is an unmanaged index of common stocks that includes reinvestment of dividends and is compiled by Frank Russell Company. Investors cannot invest directly in an index.
4 Inception date 08/17/87.
5 Inception date 04/04/91.
6 Performance for the benchmark is not available for the period beginning November 30, 2001. For that reason, performance for the benchmark is shown for the period beginning December 1, 2001.
4
Credit Suisse Large Cap Growth Fund
Annual Investment Adviser's Report (continued)
October 31, 2009 (unaudited)
Information About Your Fund's Expenses
As an investor of the Fund, you incur two types of costs: ongoing expenses and transaction costs. Ongoing expenses include management fees, distribution and service (12b-1) fees and other Fund expenses. Examples of transaction costs include sales charges (loads), redemption fees and account maintenance fees, which are not shown in this section and which would result in higher total expenses. The following table is intended to help you understand your ongoing expenses of investing in the Fund and to help you compare these expenses with the ongoing expenses of investing in other mutual funds. The table is based on an investment of $1,000 made at the beginning of the six month period ended October 31, 2009.
The table illustrates your Fund's expenses in two ways:
• Actual Fund Return. This helps you estimate the actual dollar amount of ongoing expenses paid on a $1,000 investment in the Fund using the Fund's actual return during the period. To estimate the expenses you paid over the period, simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the "Expenses Paid per $1,000" line under the share class you hold.
• Hypothetical 5% Fund Return. This helps you to compare your Fund's ongoing expenses with those of other mutual funds using the Fund's actual expense ratio and a hypothetical rate of return of 5% per year before expenses. Examples using a 5% hypothetical fund return may be found in the shareholder reports of other mutual funds. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period.
Please note that the expenses shown in these tables are meant to highlight your ongoing expenses only and do not reflect any transaction costs, such as sales charges (loads) or redemption fees. If these transaction costs had been included, your costs would have been higher. The "Expenses Paid per $1,000" line of the tables is useful in comparing ongoing expenses only and will not help you determine the relative total expenses of owning different funds.
5
Credit Suisse Large Cap Growth Fund
Annual Investment Adviser's Report (continued)
October 31, 2009 (unaudited)
Expenses and Value for a $1,000 Investment
for the six month period ended October 31, 2009
Actual Fund Return | Common Class | Advisor Class | Class A | Class B | Class C | ||||||||||||||||||
Beginning Account Value 5/1/09 | $ | 1,000.00 | $ | 1,000.00 | $ | 1,000.00 | $ | 1,000.00 | $ | 1,000.00 | |||||||||||||
Ending Account Value 10/31/09 | $ | 1,193.50 | $ | 1,191.10 | $ | 1,191.90 | $ | 1,188.00 | $ | 1,188.00 | |||||||||||||
Expenses Paid per $1,000* | $ | 6.91 | $ | 9.66 | $ | 8.29 | $ | 12.41 | $ | 12.41 | |||||||||||||
Hypothetical 5% Fund Return | |||||||||||||||||||||||
Beginning Account Value 5/1/09 | $ | 1,000.00 | $ | 1,000.00 | $ | 1,000.00 | $ | 1,000.00 | $ | 1,000.00 | |||||||||||||
Ending Account Value 10/31/09 | $ | 1,018.90 | $ | 1,016.38 | $ | 1,017.64 | $ | 1,013.86 | $ | 1,013.86 | |||||||||||||
Expenses Paid per $1,000* | $ | 6.36 | $ | 8.89 | $ | 7.63 | $ | 11.42 | $ | 11.42 | |||||||||||||
Common Class | Advisor Class | Class A | Class B | Class C | |||||||||||||||||||
Annualized Expense Ratios* | 1.25 | % | 1.75 | % | 1.50 | % | 2.25 | % | 2.25 | % |
* Expenses are equal to the Fund's annualized expense ratio for each share class, multiplied by the average account value over the period, multiplied by the number of days in the most recent fiscal half year period, then divided by 365.
The "Expenses Paid per $1,000" and the "Annualized Expense Ratios" in the tables are based on actual expenses paid by the Fund during the period, net of fee waivers and/or expense reimbursements. If those fee waivers and/or expense reimbursements had not been in effect, the Fund's actual expenses would have been higher.
For more information, please refer to the Fund's prospectus.
6
Credit Suisse Large Cap Growth Fund
Annual Investment Adviser's Report (continued)
October 31, 2009 (unaudited)
SECTOR BREAKDOWN*
* Expressed as a percentage of total investments (excluding securities lending collateral if applicable) and may vary over time.
7
Credit Suisse Mid-Cap Core Fund
Annual Investment Adviser's Report
October 31, 2009 (unaudited)
December 7, 2009
Dear Shareholder:
Performance Summary
11/01/08 – 10/31/09
Fund and Benchmark | Performance | ||||||
Common Class1 | 15.14 | % | |||||
Advisor Class1 | 14.55 | % | |||||
Class A1,2 | 14.88 | % | |||||
Class B1,2 | 14.02 | % | |||||
Class C1,2 | 14.04 | % | |||||
Standard & Poor's MidCap 400 Index3 | 18.18 | % |
Performance shown for the Fund's Class A, Class B and Class C Shares does not reflect sales charges, which are a maximum of 5.75%, 4.00% and 1.00%, respectively.2
Market Review: Signs of recovery continue
The 12-month period ended October 31, 2009, was a volatile one for equities. The S&P 400 MidCap Index returned 18.18% for the year.
As of the end of October, several key economic indicators seemed to point to continued weakness in the U.S. economy. For example, the Conference Board Consumer Confidence Index was at 47.7 on October 27, down from 53.4 in September. Additionally, unemployment rates climbed as non-farm payrolls fell by 190,000 jobs in October (with the greatest losses in construction, manufacturing and retail trade), while the household unemployment rate rose to 10.2%. Six out of ten sectors within the S&P 500 posted gains for the year, with the information technology and consumer discretionary sectors up 29.89% and 18.18%, respectively. Financials and utilities were the worst performing sectors, down by 9.61% and 2.64%, respectively.
Strategic Review and Outlook: Maintaining our long-term approach
For the annual period ended October 31, 2009, the Fund underperformed the Standard & Poor's MidCap 400 Index. Consumer discretionary (one of the Fund's largest overweight positions) was the strongest sector for the time period, adding to Fund performance. Consumer staples and financials also contributed to performance. Conversely, materials detracted from performance. Similarly, the Fund's significant underweight position in information technology also detracted from performance.
Overall, the Fund's performance was fairly steady until July, when the portfolio faced challenges as a result of the rally of stocks with higher volatility. It was a
8
Credit Suisse Mid-Cap Core Fund
Annual Investment Adviser's Report (continued)
October 31, 2009 (unaudited)
difficult environment for individual stock picks, but a good environment for taking directional bets due to the rapid shift from a bear market to a bull market. Additionally, low summer volume made it harder to trade effectively as increasing retail flows and decreasing professional trades result in more erratic stock moves. These conditions resulted in the Fund underperforming its benchmark. Despite this trend, we do not believe short-term trading based on trends is sustainable or profitable over the long term. Although we may experience temporary losses, we believe the better strategy is to continue to enter positions at attractive prices and increase the potential for strong longer-term returns going forward.
During the period, Constantin Filitti and Timothy Schwider joined Jordan Low, the lead manager, as portfolio managers of the Credit Suisse Quantitative Equities Group responsible for the day-to-day portfolio management of the Fund. Please see the supplement to the prospectus for their biographies and other details.
Although we expect the market to remain challenging in the near term, we are comfortable with our proactive, long term-investment strategy going forward.
Credit Suisse Quantitative Equities Group
Jordan Low
Constantin Filitti
Timothy Schwider
Investing in small to medium-sized companies may be more volatile and less liquid than investments in larger companies.
In addition to historical information, this report contains forward-looking statements, which may concern, among other things, domestic and foreign market, industry and economic trends and developments and government regulation and their potential impact on the Fund's investments. These statements are subject to risks and uncertainties and actual trends, developments and regulations in the future, and their impact on the Fund could be materially different from those projected, anticipated or implied. The Fund has no obligation to update or revise forward-looking statements.
The Fund adopted new investment strategies effective December 1, 2006 so that its holdings are selected using quantitative stock selection models rather than a more traditional fundamental analysis approach. Investors should be aware that performance information for periods prior to December 1, 2006 does not reflect the current investment strategies.
9
Credit Suisse Mid-Cap Core Fund
Annual Investment Adviser's Report (continued)
October 31, 2009 (unaudited)
Comparison of Change in Value of $10,000 Investment in the
Credit Suisse Mid-Cap Core Fund1 Common Class shares, Advisor
Class shares and the Standard & Poor's MidCap 400® Index3 for Ten Years.
Comparison of Change in Value of $10,000 Investment in the
Credit Suisse Mid-Cap Core Fund1 Class A shares2 and
the Standard & Poor's MidCap 400® Index3 from Inception (11/30/01).
10
Credit Suisse Mid-Cap Core Fund
Annual Investment Adviser's Report (continued)
October 31, 2009 (unaudited)
Comparison of Change in Value of $10,000 Investment in the
Credit Suisse Mid-Cap Core Fund1 Class B shares2, Class C shares2 and
the Standard & Poor's MidCap 400® Index3 from Inception (02/27/04).
Average Annual Returns as of September 30, 20091
1 Year | 5 Years | 10 Years | Since Inception | ||||||||||||||||
Common Class4 | (3.05 | )% | 2.28 | % | 0.33 | % | 8.33 | % | |||||||||||
Advisor Class5 | (3.53 | )% | 1.77 | % | (0.17 | )% | 6.46 | % | |||||||||||
Class A Without Sales Charge | (3.27 | )% | 2.04 | % | — | 1.72 | % | ||||||||||||
Class A With Maximum Sales Charge | (8.83 | )% | 0.84 | % | — | 0.96 | % | ||||||||||||
Class B Without CDSC | (4.02 | )% | 1.26 | % | — | (0.43 | )% | ||||||||||||
Class B With CDSC | (7.85 | )% | 1.26 | % | — | (0.43 | )% | ||||||||||||
Class C Without CDSC | (4.02 | )% | 1.26 | % | — | (0.40 | )% | ||||||||||||
Class C With CDSC | (4.97 | )% | 1.26 | % | — | (0.40 | )% |
11
Credit Suisse Mid-Cap Core Fund
Annual Investment Adviser's Report (continued)
October 31, 2009 (unaudited)
Average Annual Returns as of October 31, 20091
1 Year | 5 Years | 10 Years | Since Inception | ||||||||||||||||
Common Class4 | 15.14 | % | 0.49 | % | (0.91 | )% | 8.04 | % | |||||||||||
Advisor Class5 | 14.55 | % | (0.01 | )% | (1.41 | )% | 6.13 | % | |||||||||||
Class A Without Sales Charge | 14.88 | % | 0.25 | % | — | 1.04 | % | ||||||||||||
Class A With Maximum Sales Charge | 8.29 | % | (0.93 | )% | — | 0.28 | % | ||||||||||||
Class B Without CDSC | 14.02 | % | (0.51 | )% | — | (1.35 | )% | ||||||||||||
Class B With CDSC | 10.02 | % | (0.51 | )% | — | (1.35 | )% | ||||||||||||
Class C Without CDSC | 14.04 | % | (0.49 | )% | — | (1.31 | )% | ||||||||||||
Class C With CDSC | 13.04 | % | (0.49 | )% | — | (1.31 | )% |
Returns represent past performance and include change in share price and reinvestment of dividends and capital gains. Past performance cannot guarantee future results. The current performance of the Fund may be lower or higher than the figures shown. Returns and share price will fluctuate, and redemption value may be more or less than original cost. The performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Performance information current to the most recent month-end is available at www.credit-suisse.com/us.
The annualized gross expense ratios are 1.68% for Common Class shares, 2.17% for Advisor Class shares, 1.92% for Class A shares, 2.72% for Class B shares and 2.70% for Class C shares. The annualized net expense ratios after fee waivers and/or expense reimbursements are 1.45% for Common Class shares, 1.95% for Advisor Class shares, 1.70% for Class A shares, 2.45% for Class B shares and 2.45% for Class C shares.
1 Fee waivers and/or expense reimbursements may reduce expenses for the Fund, without which performance would be lower. Waivers and/or reimbursements may be discontinued at any time.
2 Total return for the Fund's Class A shares for the reporting period, based on offering price (including maximum sales charge of 5.75%), was 8.29%. Total return for the Fund's Class B shares for the reporting period, based on redemption value (including maximum contingent deferred sales charge of 4.00%), was 10.02%. Total return for the Fund's Class C shares for the reporting period, based on redemption value (including maximum contingent deferred sales charge of 1.00%), was 13.04%.
3 The Standard & Poor's MidCap 400 Index is an unmanaged market weighted index of 400 U.S. stocks selected on the basis of capitalization, liquidity, and industry group representation. It is a registered trademark of McGraw-Hill Co., Inc. Investors cannot invest directly in an index.
4 Inception date 01/21/88.
5 Inception date 04/04/91.
6 Performance for the benchmark is not available for the period beginning November 30, 2001. For that reason, performance for the benchmark is shown for the period beginning December 1, 2001.
7 Performance for the benchmark is not available for the period beginning February 27, 2004. For that reason, performance for the benchmark is shown for the period beginning March 1, 2004.
12
Credit Suisse Mid-Cap Core Fund
Annual Investment Adviser's Report (continued)
October 31, 2009 (unaudited)
Information About Your Fund's Expenses
As an investor of the Fund, you incur two types of costs: ongoing expenses and transaction costs. Ongoing expenses include management fees, distribution and service (12b-1) fees and other Fund expenses. Examples of transaction costs include sales charges (loads), redemption fees and account maintenance fees, which are not shown in this section and which would result in higher total expenses. The following table is intended to help you understand your ongoing expenses of investing in the Fund and to help you compare these expenses with the ongoing expenses of investing in other mutual funds. The table is based on an investment of $1,000 made at the beginning of the six month period ended October 31, 2009.
The table illustrates your Fund's expenses in two ways:
• Actual Fund Return. This helps you estimate the actual dollar amount of ongoing expenses paid on a $1,000 investment in the Fund using the Fund's actual return during the period. To estimate the expenses you paid over the period, simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the "Expenses Paid per $1,000" line under the share class you hold.
• Hypothetical 5% Fund Return. This helps you to compare your Fund's ongoing expenses with those of other mutual funds using the Fund's actual expense ratio and a hypothetical rate of return of 5% per year before expenses. Examples using a 5% hypothetical fund return may be found in the shareholder reports of other mutual funds. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period.
Please note that the expenses shown in these tables are meant to highlight your ongoing expenses only and do not reflect any transaction costs, such as sales charges (loads) or redemption fees. If these transaction costs had been included, your costs would have been higher. The "Expenses Paid per $1,000" line of the tables is useful in comparing ongoing expenses only and will not help you determine the relative total expenses of owning different funds.
13
Credit Suisse Mid-Cap Core Fund
Annual Investment Adviser's Report (continued)
October 31, 2009 (unaudited)
Expenses and Value for a $1,000 Investment
for the six month period ended October 31, 2009
Actual Fund Return | Common Class | Advisor Class | Class A | Class B | Class C | ||||||||||||||||||
Beginning Account Value 5/1/09 | $ | 1,000.00 | $ | 1,000.00 | $ | 1,000.00 | $ | 1,000.00 | $ | 1,000.00 | |||||||||||||
Ending Account Value 10/31/09 | $ | 1,173.70 | $ | 1,170.70 | $ | 1,172.30 | $ | 1,167.50 | $ | 1,168.10 | |||||||||||||
Expenses Paid per $1,000* | $ | 7.94 | $ | 10.67 | $ | 9.31 | $ | 13.39 | $ | 13.39 | |||||||||||||
Hypothetical 5% Fund Return | |||||||||||||||||||||||
Beginning Account Value 5/1/09 | $ | 1,000.00 | $ | 1,000.00 | $ | 1,000.00 | $ | 1,000.00 | $ | 1,000.00 | |||||||||||||
Ending Account Value 10/31/09 | $ | 1,017.90 | $ | 1,015.38 | $ | 1,016.64 | $ | 1,012.85 | $ | 1,012.85 | |||||||||||||
Expenses Paid per $1,000* | $ | 7.37 | $ | 9.91 | $ | 8.64 | $ | 12.43 | $ | 12.43 | |||||||||||||
Common Class | Advisor Class | Class A | Class B | Class C | |||||||||||||||||||
Annualized Expense Ratios* | 1.45 | % | 1.95 | % | 1.70 | % | 2.45 | % | 2.45 | % |
* Expenses are equal to the Fund's annualized expense ratio for each share class, multiplied by the average account value over the period, multiplied by the number of days in the most recent fiscal half year period, then divided by 365.
The "Expenses Paid per $1,000" and the "Annualized Expense Ratios" in the tables are based on actual expenses paid by the Fund during the period, net of fee waivers and/or expense reimbursements. If those fee waivers and/or expense reimbursements had not been in effect, the Fund's actual expenses would have been higher.
For more information, please refer to the Fund's prospectus.
14
Credit Suisse Mid-Cap Core Fund
Annual Investment Adviser's Report (continued)
October 31, 2009 (unaudited)
SECTOR BREAKDOWN*
* Expressed as a percentage of total investments (excluding securities lending collateral if applicable) and may vary over time.
15
Credit Suisse Large Cap Growth Fund
Schedule of Investments
October 31, 2009
Number of Shares | Value | ||||||||||
COMMON STOCKS (98.7%) | |||||||||||
Aerospace & Defense (1.5%) | |||||||||||
General Dynamics Corp. | 600 | $ | 37,620 | ||||||||
Honeywell International, Inc. | 2,000 | 71,780 | |||||||||
ITT Corp. | 500 | 25,350 | |||||||||
Lockheed Martin Corp. | 1,200 | 82,548 | |||||||||
Northrop Grumman Corp. | 4,200 | 210,546 | |||||||||
Precision Castparts Corp. | 500 | 47,765 | |||||||||
Raytheon Co. | 3,700 | 167,536 | |||||||||
Spirit Aerosystems Holdings, Inc. Class A* | 200 | 3,184 | |||||||||
United Technologies Corp. | 1,700 | 104,465 | |||||||||
750,794 | |||||||||||
Air Freight & Logistics (1.2%) | |||||||||||
CH Robinson Worldwide, Inc. | 800 | 44,088 | |||||||||
FedEx Corp. | 2,700 | 196,263 | |||||||||
United Parcel Service, Inc. Class B | 6,300 | 338,184 | |||||||||
Uti Worldwide, Inc. | 1,000 | 12,470 | |||||||||
591,005 | |||||||||||
Airlines (0.1%) | |||||||||||
AMR Corp.* | 600 | 3,234 | |||||||||
Copa Holdings SA Class A | 300 | 12,669 | |||||||||
Delta Air Lines, Inc.* | 2,800 | 19,992 | |||||||||
35,895 | |||||||||||
Auto Components (0.1%) | |||||||||||
Gentex Corp. | 200 | 3,202 | |||||||||
Johnson Controls, Inc. | 2,000 | 47,840 | |||||||||
WABCO Holdings, Inc. | 500 | 11,860 | |||||||||
62,902 | |||||||||||
Automobiles (0.0%) | |||||||||||
Thor Industries, Inc. | 100 | 2,622 | |||||||||
Beverages (2.7%) | |||||||||||
Coca-Cola Enterprises, Inc. | 3,600 | 68,652 | |||||||||
Dr. Pepper Snapple Group, Inc.* | 500 | 13,630 | |||||||||
Hansen Natural Corp.* | 600 | 21,690 | |||||||||
Pepsi Bottling Group, Inc. | 800 | 29,952 | |||||||||
PepsiAmericas, Inc. | 500 | 14,620 | |||||||||
PepsiCo, Inc. | 15,600 | 944,580 | |||||||||
The Coca-Cola Co. | 5,800 | 309,198 | |||||||||
1,402,322 | |||||||||||
Biotechnology (3.5%) | |||||||||||
Amgen, Inc.* | 18,400 | 988,632 | |||||||||
Biogen Idec, Inc.* | 1,900 | 80,047 | |||||||||
Celgene Corp.* | 1,300 | 66,365 | |||||||||
Genzyme Corp.* | 800 | 40,480 | |||||||||
Gilead Sciences, Inc.* | 14,400 | 612,720 | |||||||||
1,788,244 |
See Accompanying Notes to Financial Statements.
16
Credit Suisse Large Cap Growth Fund
Schedule of Investments (continued)
October 31, 2009
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Building Products (0.1%) | |||||||||||
Armstrong World Industries, Inc.* | 700 | $ | 26,075 | ||||||||
Capital Markets (3.7%) | |||||||||||
Ameriprise Financial, Inc. | 300 | 10,401 | |||||||||
BlackRock, Inc. | 300 | 64,947 | |||||||||
Franklin Resources, Inc. | 500 | 52,315 | |||||||||
GLG Partners, Inc.* | 1,900 | 4,978 | |||||||||
Invesco, Ltd. | 100 | 2,115 | |||||||||
Investment Technology Group, Inc.* | 1,200 | 25,884 | |||||||||
Lazard, Ltd. Class A | 700 | 26,425 | |||||||||
Morgan Stanley | 12,600 | 404,712 | |||||||||
Northern Trust Corp. | 800 | 40,200 | |||||||||
State Street Corp. | 600 | 25,188 | |||||||||
T. Rowe Price Group, Inc. | 700 | 34,111 | |||||||||
TD Ameritrade Holding Corp.* | 700 | 13,510 | |||||||||
The Bank of New York Mellon Corp. | 17,800 | 474,548 | |||||||||
The Charles Schwab Corp. | 2,500 | 43,350 | |||||||||
The Goldman Sachs Group, Inc. | 3,700 | 629,629 | |||||||||
Waddell & Reed Financial, Inc. Class A | 600 | 16,836 | |||||||||
1,869,149 | |||||||||||
Chemicals (2.6%) | |||||||||||
Cabot Corp. | 500 | 10,965 | |||||||||
Calgon Carbon Corp.* | 200 | 3,168 | |||||||||
CF Industries Holdings, Inc. | 1,500 | 124,875 | |||||||||
Cytec Industries, Inc. | 500 | 16,585 | |||||||||
Eastman Chemical Co. | 500 | 26,255 | |||||||||
Huntsman Corp. | 500 | 3,975 | |||||||||
Lubrizol Corp. | 700 | 46,592 | |||||||||
Monsanto Co. | 11,700 | 786,006 | |||||||||
Praxair, Inc. | 500 | 39,720 | |||||||||
Sigma-Aldrich Corp. | 200 | 10,386 | |||||||||
The Dow Chemical Co. | 4,700 | 110,356 | |||||||||
The Mosaic Co. | 2,600 | 121,498 | |||||||||
The Scotts Miracle-Gro Co. Class A | 600 | 24,372 | |||||||||
Valspar Corp. | 500 | 12,685 | |||||||||
Westlake Chemical Corp. | 500 | 12,145 | |||||||||
1,349,583 | |||||||||||
Commercial Banks (0.6%) | |||||||||||
U.S. Bancorp | 9,200 | 213,624 | |||||||||
Wells Fargo & Co. | 3,900 | 107,328 | |||||||||
320,952 | |||||||||||
Commercial Services & Supplies (0.2%) | |||||||||||
Cintas Corp. | 500 | 13,845 | |||||||||
R. R. Donnelley & Sons Co. | 700 | 14,056 | |||||||||
The Brink's Co. | 1,500 | 35,595 | |||||||||
Waste Management, Inc. | 1,600 | 47,808 | |||||||||
111,304 |
See Accompanying Notes to Financial Statements.
17
Credit Suisse Large Cap Growth Fund
Schedule of Investments (continued)
October 31, 2009
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Communications Equipment (4.4%) | |||||||||||
Cisco Systems, Inc.* | 32,400 | $ | 740,340 | ||||||||
CommScope, Inc.* | 400 | 10,808 | |||||||||
Harris Corp. | 100 | 4,172 | |||||||||
Harris Stratex Networks, Inc. Class A* | 10 | 63 | |||||||||
Juniper Networks, Inc.* | 4,700 | 119,897 | |||||||||
Motorola, Inc. | 22,600 | 193,682 | |||||||||
Polycom, Inc.* | 1,700 | 36,499 | |||||||||
QUALCOMM, Inc. | 26,900 | 1,113,929 | |||||||||
Starent Networks Corp.* | 400 | 13,496 | |||||||||
2,232,886 | |||||||||||
Computers & Peripherals (11.4%) | |||||||||||
Apple, Inc.* | 14,000 | 2,639,000 | |||||||||
Dell, Inc.* | 4,100 | 59,409 | |||||||||
EMC Corp.* | 43,800 | 721,386 | |||||||||
Hewlett-Packard Co. | 12,100 | 574,266 | |||||||||
International Business Machines Corp. | 11,800 | 1,423,198 | |||||||||
NCR Corp.* | 200 | 2,030 | |||||||||
NetApp, Inc.* | 1,300 | 35,165 | |||||||||
QLogic Corp.* | 1,100 | 19,294 | |||||||||
SanDisk Corp.* | 900 | 18,432 | |||||||||
Seagate Technology | 4,500 | 62,775 | |||||||||
STEC, Inc.* | 4,000 | 85,280 | |||||||||
Sun Microsystems, Inc.* | 13,800 | 112,884 | |||||||||
Synaptics, Inc.* | 500 | 11,250 | |||||||||
Teradata Corp.* | 1,000 | 27,880 | |||||||||
Western Digital Corp.* | 1,300 | 43,784 | |||||||||
5,836,033 | |||||||||||
Construction & Engineering (0.2%) | |||||||||||
Dycom Industries, Inc.* | 93 | 919 | |||||||||
Fluor Corp. | 1,300 | 57,746 | |||||||||
Granite Construction, Inc. | 200 | 5,712 | |||||||||
Jacobs Engineering Group, Inc.* | 800 | 33,832 | |||||||||
Quanta Services, Inc.* | 500 | 10,600 | |||||||||
The Shaw Group, Inc.* | 700 | 17,962 | |||||||||
126,771 | |||||||||||
Consumer Finance (2.2%) | |||||||||||
American Express Co. | 21,800 | 759,512 | |||||||||
Capital One Financial Corp. | 10,300 | 376,980 | |||||||||
1,136,492 | |||||||||||
Containers & Packaging (0.1%) | |||||||||||
Pactiv Corp.* | 1,200 | 27,708 | |||||||||
Sealed Air Corp. | 400 | 7,692 | |||||||||
Temple-Inland, Inc. | 200 | 3,090 | |||||||||
38,490 |
See Accompanying Notes to Financial Statements.
18
Credit Suisse Large Cap Growth Fund
Schedule of Investments (continued)
October 31, 2009
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Distributors (0.0%) | |||||||||||
LKQ Corp.* | 500 | $ | 8,635 | ||||||||
Diversified Consumer Services (0.6%) | |||||||||||
Apollo Group, Inc. Class A* | 1,300 | 74,230 | |||||||||
Brink's Home Security Holdings, Inc.* | 500 | 15,490 | |||||||||
Career Education Corp.* | 700 | 14,588 | |||||||||
Corinthian Colleges, Inc.* | 7,700 | 122,122 | |||||||||
H&R Block, Inc. | 900 | 16,506 | |||||||||
Hillenbrand, Inc. | 600 | 11,988 | |||||||||
ITT Educational Services, Inc.* | 700 | 63,245 | |||||||||
318,169 | |||||||||||
Diversified Financial Services (0.5%) | |||||||||||
JPMorgan Chase & Co. | 4,800 | 200,496 | |||||||||
Moody's Corp. | 1,300 | 30,784 | |||||||||
MSCI, Inc. Class A* | 1,100 | 33,440 | |||||||||
The NASDAQ OMX Group, Inc.* | 600 | 10,836 | |||||||||
275,556 | |||||||||||
Diversified Telecommunication Services (2.6%) | |||||||||||
AT&T, Inc. | 14,900 | 382,483 | |||||||||
CenturyTel, Inc. | 100 | 3,246 | |||||||||
Clearwire Corp. Class A* | 500 | 3,130 | |||||||||
Fairpoint Communications, Inc. | 77 | 8 | |||||||||
Verizon Communications, Inc. | 31,800 | 940,962 | |||||||||
1,329,829 | |||||||||||
Electric Utilities (0.2%) | |||||||||||
American Electric Power Co., Inc. | 500 | 15,110 | |||||||||
FirstEnergy Corp. | 600 | 25,968 | |||||||||
Hawaiian Electric Industries, Inc. | 100 | 1,785 | |||||||||
PPL Corp. | 1,500 | 44,160 | |||||||||
Southern Co. | 900 | 28,071 | |||||||||
115,094 | |||||||||||
Electrical Equipment (0.6%) | |||||||||||
Cooper Industries PLC Class A | 4,000 | 154,760 | |||||||||
Emerson Electric Co. | 1,600 | 60,400 | |||||||||
First Solar, Inc.* | 500 | 60,965 | |||||||||
General Cable Corp.* | 500 | 15,570 | |||||||||
SunPower Corp. Class A* | 1,100 | 27,291 | |||||||||
318,986 | |||||||||||
Electronic Equipment, Instruments & Components (0.7%) | |||||||||||
Avnet, Inc.* | 700 | 17,346 | |||||||||
Checkpoint Systems, Inc.* | 500 | 6,785 | |||||||||
Corning, Inc. | 15,700 | 229,377 | |||||||||
Dolby Laboratories, Inc. Class A* | 800 | 33,552 | |||||||||
FLIR Systems, Inc.* | 900 | 25,029 | |||||||||
Ingram Micro, Inc. Class A* | 500 | 8,825 |
See Accompanying Notes to Financial Statements.
19
Credit Suisse Large Cap Growth Fund
Schedule of Investments (continued)
October 31, 2009
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Electronic Equipment, Instruments & Components | |||||||||||
Jabil Circuit, Inc. | 600 | $ | 8,028 | ||||||||
SYNNEX Corp.* | 500 | 12,865 | |||||||||
341,807 | |||||||||||
Energy Equipment & Services (0.9%) | |||||||||||
Atwood Oceanics, Inc.* | 500 | 17,745 | |||||||||
Baker Hughes, Inc. | 500 | 21,035 | |||||||||
Diamond Offshore Drilling, Inc. | 100 | 9,525 | |||||||||
Dresser-Rand Group, Inc.* | 800 | 23,576 | |||||||||
ENSCO International, Inc. | 617 | 28,253 | |||||||||
FMC Technologies, Inc.* | 500 | 26,300 | |||||||||
Global Industries, Ltd.* | 500 | 3,645 | |||||||||
Halliburton Co. | 500 | 14,605 | |||||||||
National-Oilwell Varco, Inc.* | 500 | 20,495 | |||||||||
Oceaneering International, Inc.* | 700 | 35,770 | |||||||||
Rowan Cos., Inc. | 600 | 13,950 | |||||||||
Schlumberger, Ltd. | 3,300 | 205,260 | |||||||||
Tetra Technologies, Inc.* | 300 | 2,838 | |||||||||
Tidewater, Inc. | 500 | 20,835 | |||||||||
443,832 | |||||||||||
Food & Staples Retailing (2.9%) | |||||||||||
Costco Wholesale Corp. | 800 | 45,480 | |||||||||
CVS Caremark Corp. | 2,600 | 91,780 | |||||||||
SUPERVALU, Inc. | 500 | 7,935 | |||||||||
Sysco Corp. | 1,200 | 31,740 | |||||||||
The Kroger Co. | 2,500 | 57,825 | |||||||||
Wal-Mart Stores, Inc. | 22,900 | 1,137,672 | |||||||||
Walgreen Co. | 2,200 | 83,226 | |||||||||
1,455,658 | |||||||||||
Food Products (2.2%) | |||||||||||
Archer-Daniels-Midland Co. | 12,100 | 364,452 | |||||||||
Chiquita Brands International, Inc.* | 500 | 8,095 | |||||||||
ConAgra Foods, Inc. | 400 | 8,400 | |||||||||
Dean Foods Co.* | 1,400 | 25,522 | |||||||||
Del Monte Foods Co. | 605 | 6,534 | |||||||||
General Mills, Inc. | 800 | 52,736 | |||||||||
H.J. Heinz Co. | 1,100 | 44,264 | |||||||||
Kraft Foods, Inc. Class A | 17,800 | 489,856 | |||||||||
Lancaster Colony Corp. | 1,955 | 94,974 | |||||||||
Sara Lee Corp. | 1,300 | 14,677 | |||||||||
Tyson Foods, Inc. Class A | 900 | 11,268 | |||||||||
1,120,778 | |||||||||||
Health Care Equipment & Supplies (3.1%) | |||||||||||
Baxter International, Inc. | 4,300 | 232,458 | |||||||||
Becton, Dickinson and Co. | 1,200 | 82,032 | |||||||||
Boston Scientific Corp.* | 86,400 | 701,568 |
See Accompanying Notes to Financial Statements.
20
Credit Suisse Large Cap Growth Fund
Schedule of Investments (continued)
October 31, 2009
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Health Care Equipment & Supplies | |||||||||||
CR Bard, Inc. | 400 | $ | 30,028 | ||||||||
Edwards Lifesciences Corp.* | 100 | 7,694 | |||||||||
Hologic, Inc.* | 700 | 10,346 | |||||||||
Invacare Corp. | 500 | 11,215 | |||||||||
Kinetic Concepts, Inc.* | 600 | 19,914 | |||||||||
Medtronic, Inc. | 3,500 | 124,950 | |||||||||
ResMed, Inc.* | 700 | 34,447 | |||||||||
St. Jude Medical, Inc.* | 2,300 | 78,384 | |||||||||
STERIS Corp. | 400 | 11,704 | |||||||||
Stryker Corp. | 900 | 41,400 | |||||||||
Thoratec Corp.* | 4,500 | 118,170 | |||||||||
Varian Medical Systems, Inc.* | 1,200 | 49,176 | |||||||||
Zimmer Holdings, Inc.* | 500 | 26,285 | |||||||||
1,579,771 | |||||||||||
Health Care Providers & Services (0.9%) | |||||||||||
Aetna, Inc. | 700 | 18,221 | |||||||||
AmerisourceBergen Corp. | 700 | 15,505 | |||||||||
CIGNA Corp. | 600 | 16,704 | |||||||||
Community Health Systems, Inc.* | 400 | 12,512 | |||||||||
Coventry Health Care, Inc.* | 300 | 5,949 | |||||||||
Express Scripts, Inc.* | 700 | 55,944 | |||||||||
Health Management Associates, Inc. Class A* | 900 | 5,490 | |||||||||
Humana, Inc.* | 500 | 18,790 | |||||||||
Kindred Healthcare, Inc.* | 500 | 7,350 | |||||||||
Lincare Holdings, Inc.* | 600 | 18,846 | |||||||||
McKesson Corp. | 600 | 35,238 | |||||||||
Medco Health Solutions, Inc.* | 2,400 | 134,688 | |||||||||
Omnicare, Inc. | 500 | 10,835 | |||||||||
Patterson Cos., Inc.* | 500 | 12,765 | |||||||||
Quest Diagnostics, Inc. | 500 | 27,965 | |||||||||
Tenet Healthcare Corp.* | 1,400 | 7,168 | |||||||||
UnitedHealth Group, Inc. | 500 | 12,975 | |||||||||
WellPoint, Inc.* | 500 | 23,380 | |||||||||
440,325 | |||||||||||
Health Care Technology (0.1%) | |||||||||||
Cerner Corp.* | 400 | 30,416 | |||||||||
IMS Health, Inc. | 600 | 9,834 | |||||||||
40,250 | |||||||||||
Hotels, Restaurants & Leisure (1.3%) | |||||||||||
Brinker International, Inc. | 7,100 | 89,744 | |||||||||
Burger King Holdings, Inc. | 100 | 1,716 | |||||||||
Carnival Corp. | 4,200 | 122,304 | |||||||||
McDonald's Corp. | 4,100 | 240,301 | |||||||||
P.F. Chang's China Bistro, Inc.* | 398 | 11,617 | |||||||||
Panera Bread Co. Class A* | 1,167 | 69,997 | |||||||||
Royal Caribbean Cruises, Ltd.* | 400 | 8,092 |
See Accompanying Notes to Financial Statements.
21
Credit Suisse Large Cap Growth Fund
Schedule of Investments (continued)
October 31, 2009
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Hotels, Restaurants & Leisure | |||||||||||
Starbucks Corp.* | 2,600 | $ | 49,348 | ||||||||
Wendy's/Arby's Group, Inc. Class A | 1,400 | 5,530 | |||||||||
WMS Industries, Inc.* | 700 | 27,986 | |||||||||
Yum! Brands, Inc. | 1,600 | 52,720 | |||||||||
679,355 | |||||||||||
Household Durables (0.2%) | |||||||||||
American Greetings Corp. Class A | 500 | 10,170 | |||||||||
Garmin, Ltd. | 1,000 | 30,260 | |||||||||
Leggett & Platt, Inc. | 700 | 13,531 | |||||||||
Newell Rubbermaid, Inc. | 600 | 8,706 | |||||||||
Tupperware Brands Corp. | 500 | 22,510 | |||||||||
85,177 | |||||||||||
Household Products (4.0%) | |||||||||||
Clorox Co. | 800 | 47,384 | |||||||||
Colgate-Palmolive Co. | 6,700 | 526,821 | |||||||||
Kimberly-Clark Corp. | 1,100 | 67,276 | |||||||||
The Procter & Gamble Co. | 24,000 | 1,392,000 | |||||||||
2,033,481 | |||||||||||
Independent Power Producers & Energy Traders (0.1%) | |||||||||||
Mirant Corp.* | 600 | 8,388 | |||||||||
Ormat Technologies, Inc. | 300 | 11,340 | |||||||||
The AES Corp.* | 2,000 | 26,140 | |||||||||
45,868 | |||||||||||
Industrial Conglomerates (0.7%) | |||||||||||
3M Co. | 3,300 | 242,781 | |||||||||
Carlisle Cos., Inc. | 600 | 18,624 | |||||||||
General Electric Co. | 1,600 | 22,816 | |||||||||
McDermott International, Inc.* | 2,300 | 51,129 | |||||||||
335,350 | |||||||||||
Insurance (1.1%) | |||||||||||
Aflac, Inc. | 1,900 | 78,831 | |||||||||
American International Group, Inc.* | 3,100 | 104,222 | |||||||||
AON Corp. | 900 | 34,659 | |||||||||
Arthur J. Gallagher & Co. | 766 | 17,090 | |||||||||
Axis Capital Holdings, Ltd. | 400 | 11,556 | |||||||||
CNA Financial Corp.* | 600 | 13,062 | |||||||||
First American Corp. | 500 | 15,195 | |||||||||
HCC Insurance Holdings, Inc. | 500 | 13,195 | |||||||||
Lincoln National Corp. | 1,000 | 23,830 | |||||||||
Loews Corp. | 600 | 19,860 | |||||||||
MetLife, Inc. | 1,200 | 40,836 | |||||||||
Prudential Financial, Inc. | 3,500 | 158,305 | |||||||||
Unum Group | 900 | 17,955 | |||||||||
Validus Holdings, Ltd. | 200 | 5,060 | |||||||||
553,656 |
See Accompanying Notes to Financial Statements.
22
Credit Suisse Large Cap Growth Fund
Schedule of Investments (continued)
October 31, 2009
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Internet & Catalog Retail (0.9%) | |||||||||||
Amazon.com, Inc.* | 1,900 | $ | 225,739 | ||||||||
Expedia, Inc.* | 1,600 | 36,272 | |||||||||
NetFlix, Inc.* | 2,200 | 117,590 | |||||||||
priceline.com, Inc.* | 600 | 94,674 | |||||||||
474,275 | |||||||||||
Internet Software & Services (3.5%) | |||||||||||
eBay, Inc.* | 1,100 | 24,497 | |||||||||
Google, Inc. Class A* | 2,800 | 1,501,136 | |||||||||
Sohu.com, Inc.* | 1,900 | 105,640 | |||||||||
VeriSign, Inc.* | 1,200 | 27,372 | |||||||||
WebMD Health Corp. Class A* | 23 | 783 | |||||||||
Yahoo!, Inc.* | 7,500 | 119,250 | |||||||||
1,778,678 | |||||||||||
IT Services (3.0%) | |||||||||||
Accenture PLC Class A | 6,400 | 237,312 | |||||||||
Acxiom Corp.* | 500 | 5,740 | |||||||||
Amdocs, Ltd.* | 200 | 5,040 | |||||||||
Automatic Data Processing, Inc. | 1,000 | 39,800 | |||||||||
Broadridge Financial Solutions, Inc. | 900 | 18,729 | |||||||||
Cognizant Technology Solutions Corp. Class A* | 1,200 | 46,380 | |||||||||
Computer Sciences Corp.* | 300 | 15,213 | |||||||||
Fidelity National Information Services, Inc. | 500 | 10,880 | |||||||||
Genpact, Ltd.* | 600 | 7,146 | |||||||||
Global Cash Access Holdings, Inc.* | 503 | 3,184 | |||||||||
Hewitt Associates, Inc. Class A* | 600 | 21,312 | |||||||||
Lender Processing Services, Inc. | 600 | 23,880 | |||||||||
Mastercard, Inc. Class A | 900 | 197,118 | |||||||||
Paychex, Inc. | 1,800 | 51,138 | |||||||||
SAIC, Inc.* | 900 | 15,939 | |||||||||
The Western Union Co. | 1,500 | 27,255 | |||||||||
Visa, Inc. Class A | 10,100 | 765,176 | |||||||||
Wright Express Corp.* | 500 | 13,955 | |||||||||
1,505,197 | |||||||||||
Leisure Equipment & Products (0.1%) | |||||||||||
Callaway Golf Co. | 500 | 3,420 | |||||||||
Mattel, Inc. | 2,700 | 51,111 | |||||||||
54,531 | |||||||||||
Life Sciences Tools & Services (0.1%) | |||||||||||
Pharmaceutical Product Development, Inc. | 300 | 6,465 | |||||||||
Thermo Fisher Scientific, Inc.* | 600 | 27,000 | |||||||||
Waters Corp.* | 700 | 40,201 | |||||||||
73,666 |
See Accompanying Notes to Financial Statements.
23
Credit Suisse Large Cap Growth Fund
Schedule of Investments (continued)
October 31, 2009
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Machinery (0.6%) | |||||||||||
Bucyrus International, Inc. | 400 | $ | 17,768 | ||||||||
Caterpillar, Inc. | 1,300 | 71,578 | |||||||||
Crane Co. | 1,300 | 36,205 | |||||||||
Danaher Corp. | 500 | 34,115 | |||||||||
Flowserve Corp. | 700 | 68,747 | |||||||||
Lincoln Electric Holdings, Inc. | 200 | 9,488 | |||||||||
Navistar International Corp.* | 400 | 13,256 | |||||||||
Oshkosh Corp. | 400 | 12,504 | |||||||||
The Manitowoc Co., Inc. | 3,000 | 27,420 | |||||||||
The Timken Co. | 500 | 11,015 | |||||||||
302,096 | |||||||||||
Marine (0.0%) | |||||||||||
Kirby Corp.* | 500 | 16,900 | |||||||||
Media (1.3%) | |||||||||||
Clear Channel Outdoor Holdings, Inc. Class A* | 100 | 682 | |||||||||
Comcast Corp. Class A | 27,400 | 397,300 | |||||||||
CTC Media, Inc.* | 400 | 6,432 | |||||||||
DISH Network Corp. Class A* | 500 | 8,700 | |||||||||
Harte-Hanks, Inc. | 500 | 5,870 | |||||||||
Interpublic Group of Cos., Inc.* | 500 | 3,010 | |||||||||
Liberty Global, Inc. Class A* | 500 | 10,265 | |||||||||
Liberty Media Corp. - Entertainment Series A* | 500 | 15,410 | |||||||||
Marvel Entertainment, Inc.* | 700 | 34,979 | |||||||||
Morningstar, Inc.* | 100 | 5,102 | |||||||||
Omnicom Group, Inc. | 900 | 30,852 | |||||||||
Scripps Networks Interactive, Inc. Class A | 500 | 18,880 | |||||||||
The DIRECTV Group, Inc.* | 3,600 | 94,680 | |||||||||
The McGraw-Hill Cos., Inc. | 1,000 | 28,780 | |||||||||
Time Warner, Inc. | 500 | 15,060 | |||||||||
676,002 | |||||||||||
Metals & Mining (1.7%) | |||||||||||
Alcoa, Inc. | 1,900 | 23,598 | |||||||||
Allegheny Technologies, Inc. | 500 | 15,430 | |||||||||
Cliffs Natural Resources, Inc. | 500 | 17,785 | |||||||||
Compass Minerals International, Inc. | 100 | 6,232 | |||||||||
Freeport-McMoRan Copper & Gold, Inc.* | 1,500 | 110,040 | |||||||||
Newmont Mining Corp. | 10,600 | 460,676 | |||||||||
Nucor Corp. | 600 | 23,910 | |||||||||
Royal Gold, Inc. | 100 | 4,417 | |||||||||
Schnitzer Steel Industries, Inc. Class A | 3,100 | 134,044 | |||||||||
Southern Copper Corp. | 500 | 15,750 | |||||||||
Steel Dynamics, Inc. | 400 | 5,356 | |||||||||
Walter Energy, Inc. | 600 | 35,100 | |||||||||
Worthington Industries, Inc. | 500 | 5,525 | |||||||||
857,863 |
See Accompanying Notes to Financial Statements.
24
Credit Suisse Large Cap Growth Fund
Schedule of Investments (continued)
October 31, 2009
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Multi-Utilities (0.8%) | |||||||||||
PG&E Corp. | 800 | $ | 32,712 | ||||||||
Public Service Enterprise Group, Inc. | 11,900 | 354,620 | |||||||||
Sempra Energy | 500 | 25,725 | |||||||||
Xcel Energy, Inc. | 400 | 7,544 | |||||||||
420,601 | |||||||||||
Multiline Retail (0.8%) | |||||||||||
99 Cents Only Stores* | 500 | 5,685 | |||||||||
Big Lots, Inc.* | 500 | 12,525 | |||||||||
Dollar Tree, Inc.* | 500 | 22,565 | |||||||||
Family Dollar Stores, Inc. | 2,900 | 82,070 | |||||||||
J.C. Penney Co., Inc. | 500 | 16,565 | |||||||||
Kohl's Corp.* | 1,900 | 108,718 | |||||||||
Target Corp. | 2,900 | 140,447 | |||||||||
388,575 | |||||||||||
Oil, Gas & Consumable Fuels (4.5%) | |||||||||||
Alpha Natural Resources, Inc.* | 800 | 27,176 | |||||||||
Anadarko Petroleum Corp. | 900 | 54,837 | |||||||||
Apache Corp. | 500 | 47,060 | |||||||||
Chesapeake Energy Corp. | 500 | 12,250 | |||||||||
Chevron Corp. | 600 | 45,924 | |||||||||
ConocoPhillips | 4,500 | 225,810 | |||||||||
Consol Energy, Inc. | 600 | 25,686 | |||||||||
Devon Energy Corp. | 500 | 32,355 | |||||||||
Exxon Mobil Corp. | 22,700 | 1,626,909 | |||||||||
Murphy Oil Corp. | 500 | 30,570 | |||||||||
Newfield Exploration Co.* | 500 | 20,510 | |||||||||
Occidental Petroleum Corp. | 600 | 45,528 | |||||||||
SandRidge Energy, Inc.* | 600 | 6,138 | |||||||||
Southwestern Energy Co.* | 600 | 26,148 | |||||||||
Teekay Corp. | 100 | 2,075 | |||||||||
Tesoro Corp. | 300 | 4,242 | |||||||||
Valero Energy Corp. | 500 | 9,050 | |||||||||
W&T Offshore, Inc. | 600 | 6,990 | |||||||||
XTO Energy, Inc. | 500 | 20,780 | |||||||||
2,270,038 | |||||||||||
Paper & Forest Products (0.0%) | |||||||||||
International Paper Co. | 500 | 11,155 | |||||||||
Personal Products (0.1%) | |||||||||||
Herbalife, Ltd. | 600 | 20,190 | |||||||||
Mead Johnson Nutrition Co. Class A | 200 | 8,408 | |||||||||
The Estee Lauder Cos., Inc. Class A | 600 | 25,500 | |||||||||
54,098 |
See Accompanying Notes to Financial Statements.
25
Credit Suisse Large Cap Growth Fund
Schedule of Investments (continued)
October 31, 2009
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Pharmaceuticals (8.7%) | |||||||||||
Abbott Laboratories | 10,200 | $ | 515,814 | ||||||||
Allergan, Inc. | 1,100 | 61,875 | |||||||||
Bristol-Myers Squibb Co. | 62,200 | 1,355,960 | |||||||||
Eli Lilly & Co. | 1,000 | 34,010 | |||||||||
Johnson & Johnson | 27,700 | 1,635,685 | |||||||||
Merck & Co., Inc. | 700 | 21,651 | |||||||||
Mylan, Inc.* | 1,900 | 30,856 | |||||||||
Pfizer, Inc. | 7,041 | 119,908 | |||||||||
Schering-Plough Corp. | 21,000 | 592,200 | |||||||||
Valeant Pharmaceuticals International* | 2,100 | 61,740 | |||||||||
4,429,699 | |||||||||||
Professional Services (0.1%) | |||||||||||
FTI Consulting, Inc.* | 800 | 32,648 | |||||||||
Real Estate Investment Trusts (0.0%) | |||||||||||
Walter Investment Management Corp. | 36 | 469 | |||||||||
Road & Rail (0.2%) | |||||||||||
CSX Corp. | 800 | 33,744 | |||||||||
Knight Transportation, Inc. | 400 | 6,416 | |||||||||
Union Pacific Corp. | 700 | 38,598 | |||||||||
78,758 | |||||||||||
Semiconductors & Semiconductor Equipment (4.6%) | |||||||||||
Advanced Micro Devices, Inc.* | 3,200 | 14,720 | |||||||||
Analog Devices, Inc. | 1,200 | 30,756 | |||||||||
Broadcom Corp. Class A* | 4,100 | 109,101 | |||||||||
Cypress Semiconductor Corp.* | 800 | 6,744 | |||||||||
Integrated Device Technology, Inc.* | 700 | 4,116 | |||||||||
Intel Corp. | 35,600 | 680,316 | |||||||||
Intersil Corp. Class A | 1,100 | 13,805 | |||||||||
Linear Technology Corp. | 1,500 | 38,820 | |||||||||
Marvell Technology Group, Ltd.* | 4,700 | 64,484 | |||||||||
Maxim Integrated Products, Inc. | 1,200 | 20,004 | |||||||||
Micron Technology, Inc.* | 800 | 5,432 | |||||||||
Novellus Systems, Inc.* | 700 | 14,406 | |||||||||
Nvidia Corp.* | 2,300 | 27,508 | |||||||||
Silicon Laboratories, Inc.* | 1,200 | 50,280 | |||||||||
Teradyne, Inc.* | 600 | 5,022 | |||||||||
Tessera Technologies, Inc.* | 600 | 13,266 | |||||||||
Texas Instruments, Inc. | 51,800 | 1,214,710 | |||||||||
Xilinx, Inc. | 400 | 8,700 | |||||||||
2,322,190 | |||||||||||
Software (7.0%) | |||||||||||
Activision Blizzard, Inc.* | 1,400 | 15,162 | |||||||||
Adobe Systems, Inc.* | 1,600 | 52,704 | |||||||||
Autodesk, Inc.* | 1,500 | 37,395 | |||||||||
Electronic Arts, Inc.* | 2,300 | 41,952 | |||||||||
Microsoft Corp. | 58,600 | 1,624,978 |
See Accompanying Notes to Financial Statements.
26
Credit Suisse Large Cap Growth Fund
Schedule of Investments (continued)
October 31, 2009
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Software | |||||||||||
Novell, Inc.* | 1,500 | $ | 6,135 | ||||||||
Oracle Corp. | 23,400 | 493,740 | |||||||||
Red Hat, Inc.* | 21,400 | 552,334 | |||||||||
Rovi Corp.* | 100 | 2,755 | |||||||||
Salesforce.com, Inc.* | 1,500 | 85,125 | |||||||||
Sybase, Inc.* | 1,200 | 47,472 | |||||||||
Symantec Corp.* | 31,100 | 546,738 | |||||||||
Tyler Technologies, Inc.* | 300 | 5,706 | |||||||||
VMware, Inc. Class A* | 1,000 | 38,430 | |||||||||
3,550,626 | |||||||||||
Specialty Retail (1.7%) | |||||||||||
Aaron's, Inc. | 2,200 | 55,110 | |||||||||
Advance Auto Parts, Inc. | 200 | 7,452 | |||||||||
Aeropostale, Inc.* | 4,000 | 150,120 | |||||||||
AutoNation, Inc.* | 600 | 10,344 | |||||||||
Barnes & Noble, Inc. | 2,500 | 41,525 | |||||||||
Best Buy Co., Inc. | 1,400 | 53,452 | |||||||||
Dick's Sporting Goods, Inc.* | 500 | 11,345 | |||||||||
Foot Locker, Inc. | 700 | 7,336 | |||||||||
GameStop Corp. Class A* | 900 | 21,861 | |||||||||
Guess?, Inc. | 600 | 21,930 | |||||||||
Home Depot, Inc. | 2,800 | 70,252 | |||||||||
Lowe's Cos., Inc. | 1,000 | 19,570 | |||||||||
Office Depot, Inc.* | 500 | 3,025 | |||||||||
Penske Auto Group, Inc. | 1,100 | 17,226 | |||||||||
PetSmart, Inc. | 900 | 21,177 | |||||||||
RadioShack Corp. | 1,000 | 16,890 | |||||||||
Rent-A-Center, Inc.* | 500 | 9,180 | |||||||||
Ross Stores, Inc. | 1,600 | 70,416 | |||||||||
Staples, Inc. | 1,600 | 34,720 | |||||||||
The Buckle, Inc. | 1,700 | 51,017 | |||||||||
The Gap, Inc. | 3,300 | 70,422 | |||||||||
The Gymboree Corp.* | 1,400 | 59,598 | |||||||||
TJX Cos., Inc. | 1,600 | 59,760 | |||||||||
883,728 | |||||||||||
Textiles, Apparel & Luxury Goods (0.5%) | |||||||||||
Coach, Inc. | 500 | 16,485 | |||||||||
NIKE, Inc. Class B | 3,000 | 186,540 | |||||||||
Phillips-Van Heusen Corp. | 600 | 24,090 | |||||||||
Polo Ralph Lauren Corp. | 200 | 14,884 | |||||||||
The Warnaco Group, Inc.* | 800 | 32,424 | |||||||||
274,423 | |||||||||||
Thrifts & Mortgage Finance (0.0%) | |||||||||||
New York Community Bancorp, Inc. | 500 | 5,395 | |||||||||
NewAlliance Bancshares, Inc. | 500 | 5,540 | |||||||||
10,935 |
See Accompanying Notes to Financial Statements.
27
Credit Suisse Large Cap Growth Fund
Schedule of Investments (continued)
October 31, 2009
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Tobacco (0.9%) | |||||||||||
Altria Group, Inc. | 4,900 | $ | 88,739 | ||||||||
Lorillard, Inc. | 700 | 54,404 | |||||||||
Philip Morris International, Inc. | 6,500 | 307,840 | |||||||||
Reynolds American, Inc. | 500 | 24,240 | |||||||||
475,223 | |||||||||||
Trading Companies & Distributors (0.0%) | |||||||||||
WESCO International, Inc.* | 200 | 5,112 | |||||||||
Water Utilities (0.0%) | |||||||||||
American Water Works Co., Inc. | 500 | 9,485 | |||||||||
Wireless Telecommunication Services (0.3%) | |||||||||||
American Tower Corp. Class A* | 2,100 | 77,322 | |||||||||
Centennial Communications Corp.* | 500 | 4,230 | |||||||||
Leap Wireless International, Inc.* | 400 | 5,288 | |||||||||
Syniverse Holdings, Inc.* | 2,500 | 42,825 | |||||||||
United States Cellular Corp.* | 461 | 16,877 | |||||||||
146,542 | |||||||||||
TOTAL COMMON STOCKS (Cost $47,108,738) | 50,306,609 | ||||||||||
PREFERRED STOCK (0.0%) | |||||||||||
Personal Products (0.0%) | |||||||||||
Revlon, Inc.*^ (Cost $4,223) | 800 | 3,760 | |||||||||
Par (000) | |||||||||||
SHORT-TERM INVESTMENT (1.1%) | |||||||||||
State Street Bank and Trust Co. Euro Time Deposit, 0.010%, 11/02/09 (Cost $570,000) | $ | 570 | 570,000 | ||||||||
TOTAL INVESTMENTS AT VALUE (99.8%) (Cost $47,682,961) | 50,880,369 | ||||||||||
OTHER ASSETS IN EXCESS OF LIABILITIES (0.2%) | 102,120 | ||||||||||
NET ASSETS (100.0%) | $ | 50,982,489 |
* Non-income producing security.
^ Not readily marketable security; security is valued at fair value as determined in good faith by, or under the direction of, the Board of Trustees.
See Accompanying Notes to Financial Statements.
28
Credit Suisse Mid-Cap Core Fund
Schedule of Investments
October 31, 2009
Number of Shares | Value | ||||||||||
COMMON STOCKS (98.0%) | |||||||||||
Aerospace & Defense (0.2%) | |||||||||||
Alliant Techsystems, Inc.* | 1,400 | $ | 108,892 | ||||||||
BE Aerospace, Inc.* | 2,700 | 47,871 | |||||||||
156,763 | |||||||||||
Airlines (1.3%) | |||||||||||
Airtran Holdings, Inc.* | 75,400 | 318,942 | |||||||||
Alaska Air Group, Inc.* | 6,300 | 162,036 | |||||||||
Allegiant Travel Co.* | 3,900 | 147,069 | |||||||||
JetBlue Airways Corp.* | 98,800 | 490,048 | |||||||||
1,118,095 | |||||||||||
Auto Components (1.2%) | |||||||||||
BorgWarner, Inc. | 3,300 | 100,056 | |||||||||
Drew Industries, Inc.* | 100 | 1,914 | |||||||||
Exide Technologies* | 2,800 | 17,136 | |||||||||
Gentex Corp. | 59,500 | 952,595 | |||||||||
Superior Industries International, Inc. | 100 | 1,328 | |||||||||
1,073,029 | |||||||||||
Automobiles (0.0%) | |||||||||||
Thor Industries, Inc. | 900 | 23,598 | |||||||||
Beverages (0.1%) | |||||||||||
Hansen Natural Corp.* | 1,900 | 68,685 | |||||||||
PepsiAmericas, Inc. | 1,400 | 40,936 | |||||||||
109,621 | |||||||||||
Biotechnology (3.5%) | |||||||||||
Cephalon, Inc.* | 44,800 | 2,445,184 | |||||||||
Facet Biotech Corp.* | 18,260 | 312,794 | |||||||||
Incyte Corp., Ltd.* | 100 | 589 | |||||||||
OSI Pharmaceuticals, Inc.* | 1,500 | 48,330 | |||||||||
United Therapeutics Corp.* | 2,800 | 119,112 | |||||||||
Vertex Pharmaceuticals, Inc.* | 4,900 | 164,444 | |||||||||
3,090,453 | |||||||||||
Building Products (0.3%) | |||||||||||
Ameron International Corp. | 200 | 11,796 | |||||||||
Griffon Corp.* | 100 | 877 | |||||||||
Lennox International, Inc. | 6,500 | 218,855 | |||||||||
231,528 | |||||||||||
Capital Markets (1.0%) | |||||||||||
Affiliated Managers Group, Inc.* | 1,400 | 88,886 | |||||||||
Apollo Investment Corp. | 18,394 | 165,546 | |||||||||
Eaton Vance Corp. | 4,200 | 119,238 | |||||||||
Invesco, Ltd. | 8,400 | 177,660 | |||||||||
Jefferies Group, Inc.* | 3,400 | 88,740 | |||||||||
Raymond James Financial, Inc. | 3,500 | 82,635 |
See Accompanying Notes to Financial Statements.
29
Credit Suisse Mid-Cap Core Fund
Schedule of Investments (continued)
October 31, 2009
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Capital Markets | |||||||||||
SEI Investments Co. | 3,500 | $ | 61,145 | ||||||||
Waddell & Reed Financial, Inc. Class A | 3,890 | 109,153 | |||||||||
893,003 | |||||||||||
Chemicals (2.5%) | |||||||||||
Airgas, Inc. | 100 | 4,436 | |||||||||
Albemarle Corp. | 2,500 | 78,950 | |||||||||
Ashland, Inc. | 2,400 | 82,896 | |||||||||
Cabot Corp. | 18,400 | 403,512 | |||||||||
Chemtura Corp.* | 29,700 | 28,512 | |||||||||
Cytec Industries, Inc. | 3,649 | 121,037 | |||||||||
Huntsman Corp. | 7,500 | 59,625 | |||||||||
Lubrizol Corp. | 3,300 | 219,648 | |||||||||
Minerals Technologies, Inc. | 400 | 19,704 | |||||||||
NL Industries, Inc. | 100 | 620 | |||||||||
Olin Corp. | 2,100 | 32,067 | |||||||||
RPM International, Inc. | 5,600 | 98,672 | |||||||||
Sensient Technologies Corp. | 2,300 | 58,167 | |||||||||
Terra Industries, Inc. | 22,900 | 727,533 | |||||||||
The Scotts Miracle-Gro Co. Class A | 1,100 | 44,682 | |||||||||
Valspar Corp. | 8,800 | 223,256 | |||||||||
2,203,317 | |||||||||||
Commercial Banks (2.4%) | |||||||||||
1st Source Corp. | 100 | 1,482 | |||||||||
Associated Banc-Corp. | 9,910 | 126,947 | |||||||||
Bancorpsouth, Inc. | 2,000 | 45,160 | |||||||||
Bank of Hawaii Corp. | 1,200 | 53,280 | |||||||||
Cathay General Bancorp | 1,300 | 11,479 | |||||||||
City National Corp. | 1,200 | 45,204 | |||||||||
Comerica, Inc. | 3,900 | 108,225 | |||||||||
Commerce Bancshares, Inc. | 2,395 | 91,872 | |||||||||
Cullen/Frost Bankers, Inc. | 1,500 | 70,185 | |||||||||
Fifth Third Bancorp | 21,600 | 193,104 | |||||||||
FirstMerit Corp. | 4,808 | 91,112 | |||||||||
Fulton Financial Corp. | 30,000 | 247,800 | |||||||||
International Bancshares Corp. | 10,500 | 155,925 | |||||||||
PacWest Bancorp | 800 | 13,584 | |||||||||
SVB Financial Group* | 1,500 | 61,875 | |||||||||
Synovus Financial Corp. | 52,600 | 116,772 | |||||||||
TCF Financial Corp. | 3,300 | 39,039 | |||||||||
Trustmark Corp. | 8,800 | 166,760 | |||||||||
Valley National Bancorp | 9,675 | 128,484 | |||||||||
Webster Financial Corp. | 1,700 | 19,227 | |||||||||
Westamerica BanCorporation | 5,200 | 248,560 | |||||||||
Wilmington Trust Corp. | 5,644 | 68,010 | |||||||||
2,104,086 |
See Accompanying Notes to Financial Statements.
30
Credit Suisse Mid-Cap Core Fund
Schedule of Investments (continued)
October 31, 2009
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Commercial Services & Supplies (1.0%) | |||||||||||
Clean Harbors, Inc.* | 500 | $ | 28,225 | ||||||||
Copart, Inc.* | 1,800 | 57,906 | |||||||||
Corrections Corp. of America* | 3,045 | 72,897 | |||||||||
Courier Corp. | 100 | 1,483 | |||||||||
Deluxe Corp. | 14,200 | 202,066 | |||||||||
Herman Miller, Inc. | 1,500 | 23,175 | |||||||||
HNI Corp. | 2,200 | 57,904 | |||||||||
Interface, Inc. Class A | 100 | 776 | |||||||||
Mine Safety Appliances Co. | 7,500 | 191,175 | |||||||||
Rollins, Inc. | 7,300 | 131,984 | |||||||||
Standard Parking Corp.* | 20 | 352 | |||||||||
The Brink's Co. | 1,200 | 28,476 | |||||||||
Waste Connections, Inc.* | 2,100 | 66,003 | |||||||||
862,422 | |||||||||||
Communications Equipment (2.9%) | |||||||||||
3Com Corp.* | 42,900 | 220,506 | |||||||||
Acme Packet, Inc.* | 100 | 979 | |||||||||
ADC Telecommunications, Inc.* | 63,200 | 410,168 | |||||||||
ADTRAN, Inc. | 3,300 | 76,032 | |||||||||
Avocent Corp.* | 5,600 | 139,272 | |||||||||
CommScope, Inc.* | 3,000 | 81,060 | |||||||||
EchoStar Corp. Class A* | 100 | 1,816 | |||||||||
Emulex Corp.* | 10,300 | 104,030 | |||||||||
F5 Networks, Inc.* | 2,200 | 98,758 | |||||||||
Palm, Inc.* | 4,600 | 53,406 | |||||||||
Plantronics, Inc. | 1,300 | 31,343 | |||||||||
Polycom, Inc.* | 46,200 | 991,914 | |||||||||
Riverbed Technology, Inc.* | 7,100 | 145,479 | |||||||||
Starent Networks Corp.* | 4,900 | 165,326 | |||||||||
Unity Wireless Corp.* | 712,201 | 427 | |||||||||
2,520,516 | |||||||||||
Computers & Peripherals (1.2%) | |||||||||||
Avid Technology, Inc.* | 100 | 1,263 | |||||||||
Diebold, Inc. | 1,700 | 51,408 | |||||||||
NCR Corp.* | 5,100 | 51,765 | |||||||||
NetApp, Inc.* | 4,500 | 121,725 | |||||||||
SanDisk Corp.* | 200 | 4,096 | |||||||||
STEC, Inc.* | 29,400 | 626,808 | |||||||||
Sun Microsystems, Inc.* | 23,800 | 194,684 | |||||||||
Teradata Corp.* | 1,800 | 50,184 | |||||||||
1,101,933 | |||||||||||
Construction & Engineering (2.4%) | |||||||||||
Aecom Technology Corp.* | 5,400 | 136,296 | |||||||||
Dycom Industries, Inc.* | 4,200 | 41,496 | |||||||||
Granite Construction, Inc. | 3,400 | 97,104 | |||||||||
KBR, Inc. | 5,200 | 106,444 |
See Accompanying Notes to Financial Statements.
31
Credit Suisse Mid-Cap Core Fund
Schedule of Investments (continued)
October 31, 2009
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Construction & Engineering | |||||||||||
The Shaw Group, Inc.* | 22,900 | $ | 587,614 | ||||||||
URS Corp.* | 29,100 | 1,130,826 | |||||||||
2,099,780 | |||||||||||
Construction Materials (0.1%) | |||||||||||
Martin Marietta Materials, Inc. | 1,400 | 116,648 | |||||||||
Consumer Finance (1.0%) | |||||||||||
AmeriCredit Corp.* | 22,000 | 388,300 | |||||||||
Discover Financial Services | 15,100 | 213,514 | |||||||||
SLM Corp.* | 25,700 | 249,290 | |||||||||
851,104 | |||||||||||
Containers & Packaging (0.4%) | |||||||||||
Aptargroup, Inc. | 2,500 | 88,275 | |||||||||
Crown Holdings, Inc.* | 100 | 2,665 | |||||||||
Greif, Inc. Class A | 900 | 48,168 | |||||||||
Packaging Corp. of America | 2,900 | 53,012 | |||||||||
Sonoco Products Co. | 3,600 | 96,300 | |||||||||
Temple-Inland, Inc. | 5,000 | 77,250 | |||||||||
365,670 | |||||||||||
Distributors (0.1%) | |||||||||||
LKQ Corp.* | 3,900 | 67,353 | |||||||||
Diversified Consumer Services (2.1%) | |||||||||||
Brink's Home Security Holdings, Inc.* | 4,700 | 145,606 | |||||||||
Career Education Corp.* | 19,200 | 400,128 | |||||||||
Corinthian Colleges, Inc.* | 50,200 | 796,172 | |||||||||
ITT Educational Services, Inc.* | 1,100 | 99,385 | |||||||||
Matthews International Corp. Class A | 800 | 29,384 | |||||||||
Regis Corp. | 12,200 | 198,128 | |||||||||
Service Corp. International | 18,400 | 126,408 | |||||||||
Sotheby's | 1,800 | 28,548 | |||||||||
Strayer Education, Inc. | 300 | 60,891 | |||||||||
1,884,650 | |||||||||||
Diversified Financial Services (0.5%) | |||||||||||
Interactive Brokers Group, Inc. Class A* | 6,000 | 96,060 | |||||||||
MSCI, Inc. Class A* | 1,900 | 57,760 | |||||||||
The NASDAQ OMX Group, Inc.* | 16,800 | 303,408 | |||||||||
457,228 | |||||||||||
Diversified Telecommunication Services (0.1%) | |||||||||||
Cbeyond, Inc.* | 100 | 1,335 | |||||||||
Cincinnati Bell, Inc.* | 24,600 | 75,768 | |||||||||
Cogent Communications Group, Inc.* | 120 | 1,216 | |||||||||
General Communication, Inc. Class A* | 100 | 615 | |||||||||
78,934 |
See Accompanying Notes to Financial Statements.
32
Credit Suisse Mid-Cap Core Fund
Schedule of Investments (continued)
October 31, 2009
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Electric Utilities (1.1%) | |||||||||||
Cleco Corp. | 1,600 | $ | 39,600 | ||||||||
DPL, Inc. | 7,700 | 195,118 | |||||||||
Great Plains Energy, Inc. | 3,600 | 62,280 | |||||||||
Hawaiian Electric Industries, Inc. | 14,557 | 259,842 | |||||||||
IDACORP, Inc. | 1,400 | 39,326 | |||||||||
NV Energy, Inc. | 11,300 | 129,498 | |||||||||
PNM Resources, Inc. | 20,000 | 214,400 | |||||||||
Westar Energy, Inc. | 2,900 | 55,535 | |||||||||
995,599 | |||||||||||
Electrical Equipment (0.6%) | |||||||||||
AMETEK, Inc. | 3,100 | 108,159 | |||||||||
EnerSys* | 1,800 | 39,780 | |||||||||
Roper Industries, Inc. | 4,000 | 202,200 | |||||||||
SunPower Corp. Class B* | 1,042 | 22,570 | |||||||||
Thomas & Betts Corp.* | 1,500 | 51,315 | |||||||||
Woodward Governor Co. | 3,500 | 82,285 | |||||||||
506,309 | |||||||||||
Electronic Equipment, Instruments & Components (1.4%) | |||||||||||
Arrow Electronics, Inc.* | 3,200 | 81,088 | |||||||||
Avnet, Inc.* | 4,400 | 109,032 | |||||||||
Brightpoint, Inc.* | 100 | 737 | |||||||||
Checkpoint Systems, Inc.* | 100 | 1,357 | |||||||||
Ingram Micro, Inc. Class A* | 11,100 | 195,915 | |||||||||
Itron, Inc.* | 1,000 | 60,040 | |||||||||
National Instruments Corp. | 1,500 | 40,050 | |||||||||
Tech Data Corp.* | 14,700 | 564,921 | |||||||||
Technitrol, Inc. | 100 | 779 | |||||||||
Trimble Navigation, Ltd.* | 3,200 | 67,104 | |||||||||
Vishay Intertechnology, Inc.* | 24,900 | 155,127 | |||||||||
1,276,150 | |||||||||||
Energy Equipment & Services (1.3%) | |||||||||||
Complete Production Services, Inc.* | 100 | 953 | |||||||||
Exterran Holdings, Inc.* | 1,700 | 34,731 | |||||||||
Global Industries, Ltd.* | 19,200 | 139,968 | |||||||||
Helix Energy Solutions Group, Inc.* | 2,500 | 34,325 | |||||||||
Helmerich & Payne, Inc. | 2,900 | 110,258 | |||||||||
Oceaneering International, Inc.* | 8,600 | 439,460 | |||||||||
Patterson-UTI Energy, Inc. | 4,300 | 66,994 | |||||||||
Pride International, Inc.* | 4,900 | 144,844 | |||||||||
Superior Energy Services, Inc.* | 2,100 | 45,381 | |||||||||
Tidewater, Inc. | 1,500 | 62,505 | |||||||||
Unit Corp.* | 1,000 | 39,080 | |||||||||
Willbros Group, Inc.* | 200 | 2,628 | |||||||||
1,121,127 |
See Accompanying Notes to Financial Statements.
33
Credit Suisse Mid-Cap Core Fund
Schedule of Investments (continued)
October 31, 2009
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Food & Staples Retailing (0.1%) | |||||||||||
BJ's Wholesale Club, Inc.* | 1,400 | $ | 49,042 | ||||||||
Ruddick Corp. | 1,100 | 29,392 | |||||||||
SUPERVALU, Inc. | 1,600 | 25,392 | |||||||||
Susser Holdings Corp.* | 100 | 1,189 | |||||||||
105,015 | |||||||||||
Food Products (1.8%) | |||||||||||
Chiquita Brands International, Inc.* | 3,100 | 50,189 | |||||||||
Corn Products International, Inc. | 2,400 | 67,632 | |||||||||
Dean Foods Co.* | 800 | 14,584 | |||||||||
Flowers Foods, Inc. | 2,500 | 58,400 | |||||||||
Lancaster Colony Corp. | 7,536 | 366,099 | |||||||||
Ralcorp Holdings, Inc.* | 1,500 | 80,550 | |||||||||
Smithfield Foods, Inc.* | 31,300 | 417,542 | |||||||||
Tootsie Roll Industries, Inc. | 1,100 | 27,291 | |||||||||
Tyson Foods, Inc. Class A | 37,900 | 474,508 | |||||||||
1,556,795 | |||||||||||
Gas Utilities (1.0%) | |||||||||||
AGL Resources, Inc. | 2,000 | 69,920 | |||||||||
Atmos Energy Corp. | 2,500 | 69,625 | |||||||||
Energen Corp. | 1,834 | 80,476 | |||||||||
National Fuel Gas Co. | 2,500 | 113,350 | |||||||||
ONEOK, Inc. | 2,800 | 101,388 | |||||||||
UGI Corp. | 16,500 | 394,020 | |||||||||
WGL Holdings, Inc. | 1,800 | 59,508 | |||||||||
888,287 | |||||||||||
Health Care Equipment & Supplies (2.9%) | |||||||||||
Align Technology, Inc.* | 4,200 | 66,024 | |||||||||
Beckman Coulter, Inc. | 2,100 | 135,093 | |||||||||
Edwards Lifesciences Corp.* | 4,300 | 330,842 | |||||||||
Gen-Probe, Inc.* | 1,300 | 54,236 | |||||||||
Greatbatch, Inc.* | 100 | 1,967 | |||||||||
Hill-Rom Holdings, Inc. | 6,900 | 135,171 | |||||||||
Hologic, Inc.* | 7,800 | 115,284 | |||||||||
Idexx Laboratories, Inc.* | 1,500 | 76,680 | |||||||||
Immucor, Inc.* | 12,000 | 214,560 | |||||||||
Kinetic Concepts, Inc.* | 5,100 | 169,269 | |||||||||
Masimo Corp.* | 1,300 | 34,541 | |||||||||
ResMed, Inc.* | 3,500 | 172,235 | |||||||||
STERIS Corp. | 4,800 | 140,448 | |||||||||
Teleflex, Inc. | 1,000 | 49,750 | |||||||||
Thoratec Corp.* | 32,000 | 840,320 | |||||||||
Varian Medical Systems, Inc.* | 300 | 12,294 | |||||||||
2,548,714 |
See Accompanying Notes to Financial Statements.
34
Credit Suisse Mid-Cap Core Fund
Schedule of Investments (continued)
October 31, 2009
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Health Care Providers & Services (2.5%) | |||||||||||
AMERIGROUP Corp.* | 2,100 | $ | 46,305 | ||||||||
CIGNA Corp. | 100 | 2,784 | |||||||||
Community Health Systems, Inc.* | 2,900 | 90,712 | |||||||||
Cross Country Healthcare, Inc.* | 55 | 454 | |||||||||
Emergency Medical Services Corp. Class A* | 700 | 33,614 | |||||||||
Health Management Associates, Inc. Class A* | 11,700 | 71,370 | |||||||||
Health Net, Inc.* | 2,800 | 41,748 | |||||||||
Henry Schein, Inc.* | 2,400 | 126,792 | |||||||||
Humana, Inc.* | 700 | 26,306 | |||||||||
Kindred Healthcare, Inc.* | 1,022 | 15,023 | |||||||||
LifePoint Hospitals, Inc.* | 1,500 | 42,495 | |||||||||
Lincare Holdings, Inc.* | 30,282 | 951,158 | |||||||||
Molina Healthcare, Inc.* | 100 | 1,872 | |||||||||
Omnicare, Inc. | 13,500 | 292,545 | |||||||||
Owens & Minor, Inc. | 3,300 | 134,937 | |||||||||
Psychiatric Solutions, Inc.* | 7,700 | 158,928 | |||||||||
Universal Health Services, Inc. Class B | 1,300 | 72,345 | |||||||||
VCA Antech, Inc.* | 2,400 | 57,168 | |||||||||
WellCare Health Plans, Inc.* | 1,100 | 28,743 | |||||||||
2,195,299 | |||||||||||
Health Care Technology (0.2%) | |||||||||||
Cerner Corp.* | 2,000 | 152,080 | |||||||||
Hotels, Restaurants & Leisure (3.7%) | |||||||||||
Bob Evans Farms, Inc. | 5,600 | 147,112 | |||||||||
Boyd Gaming Corp.* | 1,700 | 12,512 | |||||||||
Brinker International, Inc. | 2,800 | 35,392 | |||||||||
Chipotle Mexican Grill, Inc. Class A* | 5,600 | 456,344 | |||||||||
DineEquity, Inc.* | 100 | 2,116 | |||||||||
Gaylord Entertainment Co.* | 1,600 | 24,048 | |||||||||
International Speedway Corp. Class A | 800 | 20,408 | |||||||||
Life Time Fitness, Inc.* | 1,200 | 25,860 | |||||||||
Marcus Corp. | 100 | 1,170 | |||||||||
Panera Bread Co. Class A* | 15,700 | 941,686 | |||||||||
Pinnacle Entertainment, Inc.* | 100 | 845 | |||||||||
Scientific Games Corp. Class A* | 2,200 | 30,954 | |||||||||
The Cheesecake Factory, Inc.* | 55,300 | 1,005,354 | |||||||||
Wendy's/Arby's Group, Inc. Class A | 40,100 | 158,395 | |||||||||
WMS Industries, Inc.* | 10,600 | 423,788 | |||||||||
3,285,984 | |||||||||||
Household Durables (1.1%) | |||||||||||
American Greetings Corp. Class A | 12,400 | 252,216 | |||||||||
Blyth, Inc. | 100 | 3,543 | |||||||||
La-Z-Boy, Inc. | 100 | 710 | |||||||||
M.D.C. Holdings, Inc. | 1,000 | 32,620 | |||||||||
Mohawk Industries, Inc.* | 6,100 | 261,263 | |||||||||
NVR, Inc.* | 300 | 198,681 |
See Accompanying Notes to Financial Statements.
35
Credit Suisse Mid-Cap Core Fund
Schedule of Investments (continued)
October 31, 2009
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Household Durables | |||||||||||
The Ryland Group, Inc. | 1,200 | $ | 22,260 | ||||||||
Toll Brothers, Inc.* | 3,800 | 65,816 | |||||||||
Tupperware Brands Corp. | 2,000 | 90,040 | |||||||||
927,149 | |||||||||||
Household Products (0.3%) | |||||||||||
Church & Dwight Co., Inc. | 2,000 | 113,760 | |||||||||
Energizer Holdings, Inc.* | 2,000 | 121,740 | |||||||||
235,500 | |||||||||||
Independent Power Producers & Energy Traders (0.0%) | |||||||||||
NRG Energy, Inc.* | 1,600 | 36,784 | |||||||||
Industrial Conglomerates (0.1%) | |||||||||||
Carlisle Cos., Inc. | 3,500 | 108,640 | |||||||||
Tredegar Corp. | 100 | 1,363 | |||||||||
110,003 | |||||||||||
Insurance (6.0%) | |||||||||||
American Equity Investment Life Holding Co. | 100 | 657 | |||||||||
American Financial Group, Inc. | 2,050 | 50,430 | |||||||||
Arthur J. Gallagher & Co. | 36,500 | 814,315 | |||||||||
Brown & Brown, Inc. | 3,100 | 56,947 | |||||||||
CNA Financial Corp.* | 1,500 | 32,655 | |||||||||
Everest Re Group, Ltd. | 7,000 | 612,430 | |||||||||
Fidelity National Financial, Inc. Class A | 18,400 | 249,688 | |||||||||
First American Corp. | 17,100 | 519,669 | |||||||||
Genworth Financial, Inc. Class A* | 45,000 | 477,900 | |||||||||
Hanover Insurance Group, Inc. | 1,349 | 56,753 | |||||||||
HCC Insurance Holdings, Inc. | 19,200 | 506,688 | |||||||||
Horace Mann Educators Corp. | 4,481 | 55,699 | |||||||||
Lincoln National Corp. | 4,500 | 107,235 | |||||||||
Mercury General Corp. | 900 | 32,814 | |||||||||
Old Republic International Corp. | 11,700 | 124,956 | |||||||||
Protective Life Corp. | 3,700 | 71,225 | |||||||||
Reinsurance Group of America, Inc. | 1,900 | 87,590 | |||||||||
StanCorp Financial Group, Inc. | 13,386 | 491,400 | |||||||||
Unitrin, Inc. | 11,964 | 234,494 | |||||||||
Unum Group | 23,900 | 476,805 | |||||||||
W.R. Berkley Corp. | 3,900 | 96,408 | |||||||||
XL Capital, Ltd. Class A | 6,700 | 109,947 | |||||||||
5,266,705 | |||||||||||
Internet & Catalog Retail (2.2%) | |||||||||||
Expedia, Inc.* | 10,800 | 244,836 | |||||||||
NetFlix, Inc.* | 19,800 | 1,058,310 | |||||||||
priceline.com, Inc.* | 4,100 | 646,939 | |||||||||
1,950,085 |
See Accompanying Notes to Financial Statements.
36
Credit Suisse Mid-Cap Core Fund
Schedule of Investments (continued)
October 31, 2009
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Internet Software & Services (1.9%) | |||||||||||
Akamai Technologies, Inc.* | 2,000 | $ | 44,000 | ||||||||
Digital River, Inc.* | 6,000 | 136,980 | |||||||||
Equinix, Inc.* | 1,000 | 85,320 | |||||||||
Sohu.com, Inc.* | 14,200 | 789,520 | |||||||||
ValueClick, Inc.* | 26,500 | 260,760 | |||||||||
VeriSign, Inc.* | 15,400 | 351,274 | |||||||||
1,667,854 | |||||||||||
IT Services (2.0%) | |||||||||||
Acxiom Corp.* | 12,000 | 137,760 | |||||||||
Alliance Data Systems Corp.* | 1,500 | 82,470 | |||||||||
Broadridge Financial Solutions, Inc. | 25,512 | 530,905 | |||||||||
DST Systems, Inc.* | 1,000 | 41,710 | |||||||||
Fidelity National Information Services, Inc. | 10,635 | 231,417 | |||||||||
Gartner, Inc.* | 1,600 | 29,792 | |||||||||
Global Cash Access Holdings, Inc.* | 117 | 741 | |||||||||
Global Payments, Inc. | 2,600 | 127,998 | |||||||||
Heartland Payment Systems, Inc. | 100 | 1,229 | |||||||||
Hewitt Associates, Inc. Class A* | 2,200 | 78,144 | |||||||||
Lender Processing Services, Inc. | 2,600 | 103,480 | |||||||||
ManTech International Corp. Class A* | 2,100 | 92,106 | |||||||||
NeuStar, Inc. Class A* | 3,000 | 69,300 | |||||||||
SAIC, Inc.* | 7,500 | 132,825 | |||||||||
SRA International, Inc. Class A* | 1,100 | 20,636 | |||||||||
Wright Express Corp.* | 4,500 | 125,595 | |||||||||
1,806,108 | |||||||||||
Leisure Equipment & Products (0.0%) | |||||||||||
Brunswick Corp. | 100 | 948 | |||||||||
Callaway Golf Co. | 1,800 | 12,312 | |||||||||
13,260 | |||||||||||
Life Sciences Tools & Services (1.0%) | |||||||||||
Affymetrix, Inc.* | 14,100 | 73,743 | |||||||||
Bio-Rad Laboratories, Inc. Class A* | 3,600 | 321,804 | |||||||||
Charles River Laboratories International, Inc.* | 1,800 | 65,736 | |||||||||
Covance, Inc.* | 1,700 | 87,856 | |||||||||
Mettler-Toledo International, Inc.* | 800 | 78,000 | |||||||||
Pharmaceutical Product Development, Inc. | 3,200 | 68,960 | |||||||||
Techne Corp. | 1,900 | 118,769 | |||||||||
Varian, Inc.* | 1,000 | 51,200 | |||||||||
866,068 | |||||||||||
Machinery (3.1%) | |||||||||||
AGCO Corp.* | 5,300 | 148,983 | |||||||||
American Railcar Industries, Inc. | 100 | 1,000 | |||||||||
Badger Meter, Inc. | 400 | 14,908 | |||||||||
Briggs & Stratton Corp. | 1,600 | 29,920 | |||||||||
Bucyrus International, Inc. | 4,800 | 213,216 |
See Accompanying Notes to Financial Statements.
37
Credit Suisse Mid-Cap Core Fund
Schedule of Investments (continued)
October 31, 2009
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Machinery | |||||||||||
Colfax Corp.* | 100 | $ | 1,088 | ||||||||
Crane Co. | 8,700 | 242,295 | |||||||||
Donaldson Co., Inc. | 6,100 | 217,587 | |||||||||
Federal Signal Corp. | 9,513 | 58,410 | |||||||||
Flowserve Corp. | 100 | 9,821 | |||||||||
Graco, Inc. | 4,700 | 129,438 | |||||||||
Harsco Corp. | 2,155 | 67,861 | |||||||||
IDEX Corp. | 2,100 | 59,703 | |||||||||
Joy Global, Inc. | 6,800 | 342,788 | |||||||||
Kennametal, Inc. | 2,200 | 51,832 | |||||||||
Lincoln Electric Holdings, Inc. | 1,100 | 52,184 | |||||||||
Navistar International Corp.* | 800 | 26,512 | |||||||||
Nordson Corp. | 4,700 | 248,019 | |||||||||
Oshkosh Corp. | 3,680 | 115,037 | |||||||||
Pentair, Inc. | 3,800 | 110,580 | |||||||||
Robbins & Myers, Inc. | 2,400 | 55,680 | |||||||||
Sauer-Danfoss, Inc. | 100 | 720 | |||||||||
SPX Corp. | 2,900 | 153,062 | |||||||||
Tennant Co. | 500 | 13,330 | |||||||||
Terex Corp.* | 3,900 | 78,858 | |||||||||
The Timken Co. | 8,000 | 176,240 | |||||||||
Titan International, Inc. | 100 | 840 | |||||||||
Trinity Industries, Inc. | 2,100 | 35,448 | |||||||||
Valmont Industries, Inc. | 500 | 36,135 | |||||||||
Wabtec Corp. | 2,300 | 84,548 | |||||||||
2,776,043 | |||||||||||
Marine (0.2%) | |||||||||||
Alexander & Baldwin, Inc. | 5,200 | 149,916 | |||||||||
Kirby Corp.* | 1,400 | 47,320 | |||||||||
197,236 | |||||||||||
Media (1.4%) | |||||||||||
DreamWorks Animation SKG, Inc. Class A* | 2,000 | 64,000 | |||||||||
Gannett Co., Inc. | 200 | 1,964 | |||||||||
Harte-Hanks, Inc. | 5,929 | 69,607 | |||||||||
Lamar Advertising Co. Class A* | 1,700 | 41,310 | |||||||||
Liberty Global, Inc. Class A* | 30,600 | 628,218 | |||||||||
Marvel Entertainment, Inc.* | 7,200 | 359,784 | |||||||||
Outdoor Channel Holdings, Inc.* | 100 | 692 | |||||||||
Scholastic Corp. | 900 | 22,383 | |||||||||
Valassis Communications, Inc.* | 4,600 | 83,858 | |||||||||
1,271,816 | |||||||||||
Metals & Mining (2.8%) | |||||||||||
AMCOL International Corp. | 300 | 7,812 | |||||||||
Carpenter Technology Corp. | 1,200 | 25,236 | |||||||||
Century Aluminum Co.* | 100 | 867 | |||||||||
Cliffs Natural Resources, Inc. | 3,700 | 131,609 |
See Accompanying Notes to Financial Statements.
38
Credit Suisse Mid-Cap Core Fund
Schedule of Investments (continued)
October 31, 2009
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Metals & Mining | |||||||||||
Coeur d'Alene Mines Corp.* | 4,400 | $ | 88,352 | ||||||||
Commercial Metals Co. | 3,200 | 47,488 | |||||||||
Reliance Steel & Aluminum Co. | 1,800 | 65,664 | |||||||||
Steel Dynamics, Inc. | 6,500 | 87,035 | |||||||||
Stillwater Mining Co.* | 100 | 620 | |||||||||
United States Steel Corp. | 48,100 | 1,658,969 | |||||||||
Walter Energy, Inc. | 2,000 | 117,000 | |||||||||
Worthington Industries, Inc. | 21,546 | 238,083 | |||||||||
2,468,735 | |||||||||||
Multi-Utilities (1.0%) | |||||||||||
Alliant Energy Corp. | 3,100 | 82,336 | |||||||||
Black Hills Corp. | 4,900 | 119,413 | |||||||||
MDU Resources Group, Inc. | 5,000 | 103,750 | |||||||||
NSTAR | 13,000 | 402,350 | |||||||||
OGE Energy Corp. | 2,800 | 93,016 | |||||||||
Vectren Corp. | 4,291 | 96,719 | |||||||||
897,584 | |||||||||||
Multiline Retail (2.5%) | |||||||||||
99 Cents Only Stores* | 16,900 | 192,153 | |||||||||
Dollar Tree, Inc.* | 20,500 | 925,165 | |||||||||
Family Dollar Stores, Inc. | 4,300 | 121,690 | |||||||||
J.C. Penney Co., Inc. | 400 | 13,252 | |||||||||
Macy's, Inc. | 48,200 | 846,874 | |||||||||
Saks, Inc.* | 22,200 | 124,542 | |||||||||
2,223,676 | |||||||||||
Office Electronics (0.0%) | |||||||||||
Zebra Technologies Corp. Class A* | 1,500 | 37,500 | |||||||||
Oil, Gas & Consumable Fuels (1.9%) | |||||||||||
Alpha Natural Resources, Inc.* | 700 | 23,779 | |||||||||
Arch Coal, Inc. | 4,600 | 99,636 | |||||||||
Atlas Pipeline Partners LP | 119 | 835 | |||||||||
ATP Oil & Gas Corp.* | 100 | 1,731 | |||||||||
Bill Barrett Corp.* | 1,021 | 31,631 | |||||||||
Cimarex Energy Co. | 2,300 | 90,068 | |||||||||
Comstock Resources, Inc.* | 1,200 | 49,308 | |||||||||
El Paso Corp. | 1,200 | 11,772 | |||||||||
Encore Acquisition Co.* | 1,500 | 55,605 | |||||||||
Forest Oil Corp.* | 3,200 | 62,720 | |||||||||
Frontier Oil Corp. | 2,800 | 38,808 | |||||||||
James River Coal Co.* | 100 | 1,899 | |||||||||
Mariner Energy, Inc.* | 3,000 | 38,220 | |||||||||
McMoRan Exploration Co.* | 100 | 769 | |||||||||
Newfield Exploration Co.* | 17,800 | 730,156 | |||||||||
Overseas Shipholding Group, Inc. | 600 | 23,550 | |||||||||
Patriot Coal Corp.* | 8,500 | 96,050 |
See Accompanying Notes to Financial Statements.
39
Credit Suisse Mid-Cap Core Fund
Schedule of Investments (continued)
October 31, 2009
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Oil, Gas & Consumable Fuels | |||||||||||
Petroleum Development Corp.* | 100 | $ | 1,670 | ||||||||
Plains Exploration & Production Co.* | 4,200 | 111,300 | |||||||||
Quicksilver Resources, Inc.* | 3,300 | 40,260 | |||||||||
Rex Energy Corp.* | 100 | 809 | |||||||||
Rosetta Resources, Inc.* | 100 | 1,353 | |||||||||
Southern Union Co. | 3,600 | 70,452 | |||||||||
Stone Energy Corp.* | 100 | 1,533 | |||||||||
Swift Energy Co.* | 4,900 | 103,782 | |||||||||
VAALCO Energy, Inc. | 19 | 81 | |||||||||
1,687,777 | |||||||||||
Paper & Forest Products (0.2%) | |||||||||||
Glatfelter | 100 | 1,057 | |||||||||
Louisiana-Pacific Corp.* | 10,600 | 55,650 | |||||||||
Schweitzer-Mauduit International, Inc. | 1,494 | 77,165 | |||||||||
Wausau Paper Corp. | 100 | 877 | |||||||||
134,749 | |||||||||||
Personal Products (0.1%) | |||||||||||
Alberto-Culver Co. | 2,500 | 67,050 | |||||||||
NBTY, Inc.* | 1,600 | 58,256 | |||||||||
125,306 | |||||||||||
Pharmaceuticals (2.0%) | |||||||||||
Endo Pharmaceuticals Holdings, Inc.* | 3,103 | 69,507 | |||||||||
Medicis Pharmaceutical Corp. Class A | 1,500 | 31,755 | |||||||||
Mylan, Inc.* | 84,800 | 1,377,152 | |||||||||
Perrigo Co. | 2,100 | 78,099 | |||||||||
The Medicines Co.* | 100 | 719 | |||||||||
Valeant Pharmaceuticals International* | 6,984 | 205,330 | |||||||||
1,762,562 | |||||||||||
Professional Services (1.3%) | |||||||||||
FTI Consulting, Inc.* | 5,400 | 220,374 | |||||||||
Kelly Services, Inc. Class A | 3,100 | 34,348 | |||||||||
Korn/Ferry International* | 1,200 | 19,152 | |||||||||
Manpower, Inc. | 12,300 | 583,143 | |||||||||
MPS Group, Inc.* | 4,500 | 60,840 | |||||||||
Navigant Consulting, Inc.* | 1,300 | 18,512 | |||||||||
The Corporate Executive Board Co. | 900 | 21,609 | |||||||||
Watson Wyatt Worldwide, Inc. Class A | 4,853 | 211,494 | |||||||||
1,169,472 | |||||||||||
Real Estate Investment Trusts (6.7%) | |||||||||||
Alexandria Real Estate Equities, Inc. | 3,500 | 189,595 | |||||||||
AMB Property Corp. | 3,900 | 85,722 | |||||||||
Apartment Investment & Management Co. Class A | 16 | 198 | |||||||||
BRE Properties, Inc. | 1,400 | 38,122 | |||||||||
Camden Property Trust | 4,300 | 155,875 |
See Accompanying Notes to Financial Statements.
40
Credit Suisse Mid-Cap Core Fund
Schedule of Investments (continued)
October 31, 2009
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Real Estate Investment Trusts | |||||||||||
Corporate Office Properties Trust | 1,500 | $ | 49,785 | ||||||||
Cousins Properties, Inc. | 3,923 | 28,716 | |||||||||
Duke Realty Corp. | 6,200 | 69,688 | |||||||||
Equity One, Inc. | 2,000 | 29,840 | |||||||||
Essex Property Trust, Inc. | 700 | 52,626 | |||||||||
Federal Realty Investment Trust | 1,600 | 94,448 | |||||||||
HCP, Inc. | 47,000 | 1,390,730 | |||||||||
Health Care REIT, Inc. | 22,700 | 1,007,199 | |||||||||
Highwoods Properties, Inc. | 1,900 | 52,288 | |||||||||
Hospitality Properties Trust | 7,300 | 140,963 | |||||||||
Liberty Property Trust | 4,200 | 123,354 | |||||||||
Mack-Cali Realty Corp. | 2,100 | 64,995 | |||||||||
Nationwide Health Properties, Inc. | 38,000 | 1,225,500 | |||||||||
OMEGA Healthcare Investors, Inc. | 8,400 | 127,344 | |||||||||
Potlatch Corp. | 2,900 | 80,939 | |||||||||
ProLogis | 5,500 | 62,315 | |||||||||
Rayonier, Inc. | 4,100 | 158,178 | |||||||||
Realty Income Corp. | 15,300 | 354,654 | |||||||||
Regency Centers Corp. | 2,100 | 70,455 | |||||||||
SL Green Realty Corp. | 2,200 | 85,272 | |||||||||
The Macerich Co. | 2,391 | 71,252 | |||||||||
UDR, Inc. | 4,212 | 60,568 | |||||||||
Weingarten Realty Investors | 2,800 | 51,800 | |||||||||
5,922,421 | |||||||||||
Real Estate Management & Development (0.1%) | |||||||||||
Jones Lang LaSalle, Inc. | 1,100 | 51,535 | |||||||||
Road & Rail (0.4%) | |||||||||||
Con-way, Inc. | 2,300 | 75,877 | |||||||||
Hertz Global Holdings, Inc.* | 3,400 | 31,654 | |||||||||
J.B. Hunt Transport Services, Inc. | 2,300 | 69,138 | |||||||||
Kansas City Southern* | 2,600 | 62,998 | |||||||||
Landstar System, Inc. | 1,300 | 45,812 | |||||||||
Werner Enterprises, Inc. | 1,900 | 35,625 | |||||||||
321,104 | |||||||||||
Semiconductors & Semiconductor Equipment (3.5%) | |||||||||||
Atmel Corp.* | 53,100 | 197,532 | |||||||||
Cree, Inc.* | 2,900 | 122,090 | |||||||||
Fairchild Semiconductor International, Inc.* | 3,600 | 26,928 | |||||||||
Integrated Device Technology, Inc.* | 55,800 | 328,104 | |||||||||
International Rectifier Corp.* | 1,889 | 34,531 | |||||||||
Intersil Corp. Class A | 73,300 | 919,915 | |||||||||
KLA-Tencor Corp. | 100 | 3,251 | |||||||||
Lam Research Corp.* | 3,400 | 114,648 | |||||||||
Linear Technology Corp. | 1,100 | 28,468 | |||||||||
Micron Technology, Inc.* | 101,200 | 687,148 | |||||||||
Nvidia Corp.* | 200 | 2,392 |
See Accompanying Notes to Financial Statements.
41
Credit Suisse Mid-Cap Core Fund
Schedule of Investments (continued)
October 31, 2009
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Semiconductors & Semiconductor Equipment | |||||||||||
RF Micro Devices, Inc.* | 30,200 | $ | 120,196 | ||||||||
Semtech Corp.* | 15,701 | 242,894 | |||||||||
Silicon Laboratories, Inc.* | 5,800 | 243,020 | |||||||||
Zoran Corp.* | 100 | 887 | |||||||||
3,072,004 | |||||||||||
Software (4.8%) | |||||||||||
ACI Worldwide, Inc.* | 700 | 11,263 | |||||||||
Advent Software, Inc.* | 2,300 | 87,906 | |||||||||
AsiaInfo Holdings, Inc.* | 1,900 | 41,914 | |||||||||
Cadence Design Systems, Inc.* | 7,600 | 46,436 | |||||||||
FactSet Research Systems, Inc. | 1,100 | 70,455 | |||||||||
Fair Isaac Corp. | 5,600 | 113,848 | |||||||||
Informatica Corp.* | 2,300 | 48,829 | |||||||||
Jack Henry & Associates, Inc. | 6,500 | 149,955 | |||||||||
Mentor Graphics Corp.* | 2,800 | 20,440 | |||||||||
MICROS Systems, Inc.* | 2,100 | 56,532 | |||||||||
Netscout Systems, Inc.* | 100 | 1,229 | |||||||||
Parametric Technology Corp.* | 17,000 | 253,470 | |||||||||
Quest Software, Inc.* | 1,600 | 26,832 | |||||||||
Red Hat, Inc.* | 73,400 | 1,894,454 | |||||||||
Rovi Corp.* | 8,900 | 245,195 | |||||||||
Salesforce.com, Inc.* | 8,700 | 493,725 | |||||||||
Solera Holdings, Inc. | 1,800 | 57,996 | |||||||||
Sybase, Inc.* | 6,500 | 257,140 | |||||||||
Synopsys, Inc.* | 3,900 | 85,800 | |||||||||
THQ, Inc.* | 100 | 523 | |||||||||
Tyler Technologies, Inc.* | 1,200 | 22,824 | |||||||||
VMware, Inc. Class A* | 5,900 | 226,737 | |||||||||
4,213,503 | |||||||||||
Specialty Retail (5.2%) | |||||||||||
Aaron's, Inc. | 9,100 | 227,955 | |||||||||
Advance Auto Parts, Inc. | 15,300 | 570,078 | |||||||||
Aeropostale, Inc.* | 43,400 | 1,628,802 | |||||||||
American Eagle Outfitters, Inc. | 5,600 | 97,944 | |||||||||
AnnTaylor Stores Corp.* | 9,300 | 120,621 | |||||||||
Asbury Automotive Group, Inc.* | 100 | 974 | |||||||||
Barnes & Noble, Inc. | 11,100 | 184,371 | |||||||||
CarMax, Inc.* | 6,000 | 118,020 | |||||||||
Chico's FAS, Inc.* | 8,100 | 96,795 | |||||||||
Coldwater Creek, Inc.* | 1,700 | 9,775 | |||||||||
Collective Brands, Inc.* | 1,700 | 31,535 | |||||||||
Dick's Sporting Goods, Inc.* | 2,300 | 52,187 | |||||||||
Foot Locker, Inc. | 4,700 | 49,256 | |||||||||
Group 1 Automotive, Inc. | 100 | 2,542 | |||||||||
Guess?, Inc. | 1,500 | 54,825 | |||||||||
hhgregg, Inc.* | 4,100 | 67,609 |
See Accompanying Notes to Financial Statements.
42
Credit Suisse Mid-Cap Core Fund
Schedule of Investments (continued)
October 31, 2009
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Specialty Retail | |||||||||||
J. Crew Group, Inc.* | 1,400 | $ | 57,092 | ||||||||
Monro Muffler, Inc. | 500 | 15,495 | |||||||||
PetSmart, Inc. | 3,300 | 77,649 | |||||||||
RadioShack Corp. | 4,300 | 72,627 | |||||||||
Rent-A-Center, Inc.* | 17,000 | 312,120 | |||||||||
Ross Stores, Inc. | 3,606 | 158,700 | |||||||||
The Buckle, Inc. | 4,300 | 129,043 | |||||||||
The Gymboree Corp.* | 7,800 | 332,046 | |||||||||
Urban Outfitters, Inc.* | 3,500 | 109,830 | |||||||||
Williams-Sonoma, Inc. | 2,900 | 54,462 | |||||||||
4,632,353 | |||||||||||
Textiles, Apparel & Luxury Goods (1.7%) | |||||||||||
Fossil, Inc.* | 1,300 | 34,749 | |||||||||
Hanesbrands, Inc.* | 2,600 | 56,212 | |||||||||
Phillips-Van Heusen Corp. | 1,300 | 52,195 | |||||||||
Polo Ralph Lauren Corp. | 200 | 14,884 | |||||||||
Skechers U.S.A., Inc. Class A* | 3,300 | 72,006 | |||||||||
Steven Madden, Ltd.* | 800 | 32,400 | |||||||||
The Timberland Co. Class A* | 7,900 | 127,822 | |||||||||
The Warnaco Group, Inc.* | 25,700 | 1,041,621 | |||||||||
Under Armour, Inc. Class A* | 2,683 | 72,039 | |||||||||
1,503,928 | |||||||||||
Thrifts & Mortgage Finance (1.6%) | |||||||||||
Astoria Financial Corp. | 2,201 | 21,966 | |||||||||
Clifton Savings Bancorp, Inc. | 100 | 922 | |||||||||
First Niagara Financial Group, Inc. | 4,927 | 63,263 | |||||||||
New York Community Bancorp, Inc. | 94,100 | 1,015,339 | |||||||||
NewAlliance Bancshares, Inc. | 21,000 | 232,680 | |||||||||
ViewPoint Financial Group | 100 | 1,340 | |||||||||
Washington Federal, Inc. | 2,927 | 50,198 | |||||||||
1,385,708 | |||||||||||
Tobacco (0.3%) | |||||||||||
Universal Corp. | 7,400 | 307,766 | |||||||||
Trading Companies & Distributors (0.2%) | |||||||||||
GATX Corp. | 1,200 | 32,616 | |||||||||
MSC Industrial Direct Co., Inc. Class A | 2,700 | 116,235 | |||||||||
Rush Enterprises, Inc. Class A* | 100 | 1,092 | |||||||||
United Rentals, Inc.* | 1,600 | 15,184 | |||||||||
165,127 | |||||||||||
Water Utilities (0.2%) | |||||||||||
Aqua America, Inc. | 9,000 | 139,050 |
See Accompanying Notes to Financial Statements.
43
Credit Suisse Mid-Cap Core Fund
Schedule of Investments (continued)
October 31, 2009
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Wireless Telecommunication Services (1.3%) | |||||||||||
Crown Castle International Corp.* | 200 | $ | 6,044 | ||||||||
NII Holdings, Inc.* | 14,800 | 398,564 | |||||||||
Syniverse Holdings, Inc.* | 16,400 | 280,932 | |||||||||
Telephone & Data Systems, Inc. | 15,000 | 444,300 | |||||||||
USA Mobility, Inc. | 100 | 1,090 | |||||||||
1,130,930 | |||||||||||
TOTAL COMMON STOCKS (Cost $89,386,522) | 86,518,491 | ||||||||||
PREFERRED STOCK (0.0%) | |||||||||||
Personal Products (0.0%) | |||||||||||
Revlon, Inc.*^ (Cost $3,322) | 600 | 2,820 | |||||||||
Par (000) | |||||||||||
SHORT-TERM INVESTMENT (2.7%) | |||||||||||
State Street Bank and Trust Co. Euro Time Deposit, 0.010%, 11/02/09 (Cost $2,444,000) | $ | 2,444 | 2,444,000 | ||||||||
TOTAL INVESTMENTS AT VALUE (100.7%) (Cost $91,833,844) | 88,965,311 | ||||||||||
LIABILITIES IN EXCESS OF OTHER ASSETS (-0.7%) | (652,208 | ) | |||||||||
NET ASSETS (100.0%) | $ | 88,313,103 |
* Non-income producing security.
^ Not readily marketable security; security is valued at fair value as determined in good faith by, or under the direction of, the Board of Directors.
See Accompanying Notes to Financial Statements.
44
Credit Suisse Funds
Statements of Assets and Liabilities
October 31, 2009
Large Cap Growth Fund | Mid-Cap Core Fund | ||||||||||
Assets | |||||||||||
Investments at value, (Cost $47,682,961 and $91,833,844, respectively) (Note 2) | $ | 50,880,369 | $ | 88,965,311 | |||||||
Receivable for investments sold | 849,318 | 1,385,828 | |||||||||
Receivable for fund shares sold | 16,690 | 118,848 | |||||||||
Dividend and interest receivable | 84,994 | 34,358 | |||||||||
Prepaid expenses | 43,014 | 39,983 | |||||||||
Total Assets | 51,874,385 | 90,544,328 | |||||||||
Liabilities | |||||||||||
Advisory fee payable (Note 3) | 34,626 | 15,492 | |||||||||
Administrative services fee payable (Note 3) | 6,761 | 13,456 | |||||||||
Shareholder servicing/Distribution fee payable (Note 3) | 1,876 | 2,484 | |||||||||
Payable for investments purchased | 637,066 | 1,189,028 | |||||||||
Due to custodian | 66,147 | 783,122 | |||||||||
Payable for fund shares redeemed | 56,502 | 107,893 | |||||||||
Trustees'/Directors' fee payable | 5,658 | 5,658 | |||||||||
Other accrued expenses payable | 83,260 | 114,092 | |||||||||
Total Liabilities | 891,896 | 2,231,225 | |||||||||
Net Assets | |||||||||||
Capital stock, $.001 par value (Note 6) | 3,493 | 3,127 | |||||||||
Paid-in capital (Note 6) | 290,199,983 | 144,513,099 | |||||||||
Undistributed net investment income | 323,241 | 285,240 | |||||||||
Accumulated net realized loss on investments, foreign currency transactions and futures contracts | (242,741,636 | ) | (53,619,830 | ) | |||||||
Net unrealized appreciation (depreciation) from investments | 3,197,408 | (2,868,533 | ) | ||||||||
Net Assets | $ | 50,982,489 | $ | 88,313,103 | |||||||
Common Shares | |||||||||||
Net assets | $ | 49,150,429 | $ | 83,080,988 | |||||||
Shares outstanding | 3,360,718 | 2,927,683 | |||||||||
Net asset value, offering price and redemption price per share | $ | 14.62 | $ | 28.38 | |||||||
Advisor Shares | |||||||||||
Net assets | $ | 917,143 | $ | 4,562,802 | |||||||
Shares outstanding | 66,895 | 175,119 | |||||||||
Net asset value, offering price and redemption price per share | $ | 13.71 | $ | 26.06 |
See Accompanying Notes to Financial Statements.
45
Credit Suisse Funds
Statements of Assets and Liabilities (continued)
October 31, 2009
Large Cap Growth Fund | Mid-Cap Core Fund | ||||||||||
A Shares | |||||||||||
Net assets | $ | 635,763 | $ | 623,412 | |||||||
Shares outstanding | 44,302 | 22,292 | |||||||||
Net asset value and redemption price per share | $ | 14.35 | $ | 27.97 | |||||||
Maximum offering price per share (net asset value/(1-5.75%)) | $ | 15.23 | $ | 29.68 | |||||||
B Shares | |||||||||||
Net assets | $ | 127,271 | $ | 44,977 | |||||||
Shares outstanding | 9,415 | 1,676 | |||||||||
Net asset value and offering price per share | $ | 13.52 | $ | 26.84 | |||||||
C Shares | |||||||||||
Net assets | $ | 151,883 | $ | 924 | |||||||
Shares outstanding | 11,235 | 34 | |||||||||
Net asset value and offering price per share | $ | 13.52 | $ | 26.89 |
See Accompanying Notes to Financial Statements.
46
Credit Suisse Funds
Statements of Operations
For the Year Ended October 31, 2009
Large Cap Growth Fund | Mid-Cap Core Fund | ||||||||||
Investment Income (Note 2) | |||||||||||
Dividends | $ | 925,016 | $ | 1,772,741 | |||||||
Interest | 29 | 53 | |||||||||
Securities lending | 154 | 481 | |||||||||
Foreign taxes withheld | (8,859 | ) | (13 | ) | |||||||
Total investment income | 916,340 | 1,773,262 | |||||||||
Expenses | |||||||||||
Investment advisory fees (Note 3) | 232,725 | 561,304 | |||||||||
Administrative services fees (Note 3) | 97,530 | 140,949 | |||||||||
Shareholder servicing/Distribution fees (Note 3) | |||||||||||
Advisor Class | 4,113 | 22,005 | |||||||||
Class A | 1,390 | 1,119 | |||||||||
Class B | 1,776 | 594 | |||||||||
Class C | 1,495 | 8 | |||||||||
Custodian fees | 162,780 | 212,084 | |||||||||
Transfer agent fees (Note 3) | 113,537 | 217,108 | |||||||||
Registration fees | 70,800 | 71,227 | |||||||||
Printing fees (Note 3) | 35,798 | 49,107 | |||||||||
Legal fees | 33,072 | 32,513 | |||||||||
Audit and tax fees | 27,549 | 32,112 | |||||||||
Trustees'/Directors' fees | 15,467 | 15,467 | |||||||||
Insurance expense | 3,659 | 6,342 | |||||||||
Commitment fees (Note 4) | 905 | 2,104 | |||||||||
Interest expense (Note 4) | 220 | — | |||||||||
Miscellaneous expense | 7,440 | 7,906 | |||||||||
Total expenses | 810,256 | 1,371,949 | |||||||||
Less: fees waived (Note 3) | (219,663 | ) | (185,553 | ) | |||||||
Net expenses | 590,593 | 1,186,396 | |||||||||
Net investment income | 325,747 | 586,866 | |||||||||
Net Realized and Unrealized Gain (Loss) from Investments and Foreign Currency Related Items | |||||||||||
Net realized loss from investments | (10,663,705 | ) | (18,702,078 | ) | |||||||
Net realized gain from foreign currency transactions | 11 | — | |||||||||
Net change in unrealized appreciation (depreciation) from investments | 17,332,367 | 29,019,527 | |||||||||
Net realized and unrealized gain from investments and foreign currency related items | 6,668,673 | 10,317,449 | |||||||||
Net increase in net assets resulting from operations | $ | 6,994,420 | $ | 10,904,315 |
See Accompanying Notes to Financial Statements.
47
Credit Suisse Funds
Statements of Changes in Net Assets
Large Cap Growth Fund | Mid-Cap Core Fund | ||||||||||||||||||
For the Year Ended October 31, 2009 | For the Year Ended October 31, 2008 | For the Year Ended October 31, 2009 | For the Year Ended October 31, 2008 | ||||||||||||||||
From Operations | |||||||||||||||||||
Net investment income | $ | 325,747 | $ | 223,002 | $ | 586,866 | $ | 313,122 | |||||||||||
Net realized loss from investments and foreign currency transactions | (10,663,694 | ) | (7,438,891 | ) | (18,702,078 | ) | (8,579,946 | ) | |||||||||||
Net change in unrealized appreciation (depreciation) from investments and foreign currency translations | 17,332,367 | (28,808,883 | ) | 29,019,527 | (47,759,376 | ) | |||||||||||||
Net increase (decrease) in net assets resulting from operations | 6,994,420 | (36,024,772 | ) | 10,904,315 | (56,026,200 | ) | |||||||||||||
From Dividends | |||||||||||||||||||
Dividends from net investment income | |||||||||||||||||||
Common Class shares | (208,055 | ) | (12,298 | ) | (882,626 | ) | — | ||||||||||||
Advisor Class shares | (4,669 | ) | — | (17,209 | ) | — | |||||||||||||
Class A shares | (2,558 | ) | — | (1,919 | ) | — | |||||||||||||
Class B shares | (1,143 | ) | — | (149 | ) | — | |||||||||||||
Class C shares | (760 | ) | — | (3 | ) | — | |||||||||||||
Net decrease in net assets resulting from dividends | (217,185 | ) | (12,298 | ) | (901,906 | ) | — | ||||||||||||
From Capital Share Transactions (Note 6) | |||||||||||||||||||
Proceeds from sale of shares | 1,614,989 | 3,339,078 | 6,962,140 | 8,104,375 | |||||||||||||||
Reinvestment of dividends | 207,750 | 11,938 | 889,594 | — | |||||||||||||||
Net asset value of shares redeemed | (9,972,566 | ) | (25,841,004 | ) | (18,590,033 | ) | (47,718,163 | ) | |||||||||||
Net decrease in net assets from capital share transactions | (8,149,827 | ) | (22,489,988 | ) | (10,738,299 | ) | (39,613,788 | ) | |||||||||||
Net decrease in net assets | (1,372,592 | ) | (58,527,058 | ) | (735,890 | ) | (95,639,988 | ) | |||||||||||
Net Assets | |||||||||||||||||||
Beginning of year | 52,355,081 | 110,882,139 | 89,048,993 | 184,688,981 | |||||||||||||||
End of year | $ | 50,982,489 | $ | 52,355,081 | $ | 88,313,103 | $ | 89,048,993 | |||||||||||
Undistributed net investment income | $ | 323,241 | $ | 217,157 | $ | 285,240 | $ | 283,559 |
See Accompanying Notes to Financial Statements.
48
Credit Suisse Large Cap Growth Fund
Financial Highlights
(For a Common Class Share of the Fund Outstanding Throughout Each Year)
For the Year Ended October 31, | |||||||||||||||||||||||
2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||||||||||
Per share data | |||||||||||||||||||||||
Net asset value, beginning of year | $ | 12.58 | $ | 20.32 | $ | 17.40 | $ | 16.49 | $ | 15.26 | |||||||||||||
INVESTMENT OPERATIONS | |||||||||||||||||||||||
Net investment income (loss)1 | 0.09 | 0.05 | 0.01 | (0.04 | ) | 0.01 | |||||||||||||||||
Net gain (loss) on investments and foreign currency related items (both realized and unrealized) | 2.01 | (7.79 | ) | 2.91 | 0.97 | 1.22 | |||||||||||||||||
Total from investment operations | 2.10 | (7.74 | ) | 2.92 | 0.93 | 1.23 | |||||||||||||||||
LESS DIVIDENDS | |||||||||||||||||||||||
Dividends from net investment income | (0.06 | ) | (0.00 | )2 | — | (0.02 | ) | — | |||||||||||||||
Total dividends | (0.06 | ) | — | — | (0.02 | ) | — | ||||||||||||||||
Net asset value, end of year | $ | 14.62 | $ | 12.58 | $ | 20.32 | $ | 17.40 | $ | 16.49 | |||||||||||||
Total return3 | 16.80 | % | (38.08 | )% | 16.78 | % | 5.62 | % | 8.06 | % | |||||||||||||
RATIOS AND SUPPLEMENTAL DATA | |||||||||||||||||||||||
Net assets, end of year (000s omitted) | $ | 49,150 | $ | 50,314 | $ | 105,404 | $ | 181,077 | $ | 291,148 | |||||||||||||
Ratio of expenses to average net assets | 1.25 | % | 1.24 | % | 1.10 | % | 1.20 | % | 1.17 | % | |||||||||||||
Ratio of net investment income (loss) to average net assets | 0.72 | % | 0.29 | % | 0.04 | % | (0.24 | )% | 0.09 | % | |||||||||||||
Decrease reflected in above operating expense ratios due to waivers/reimbursements | 0.47 | % | — | — | — | — | |||||||||||||||||
Portfolio turnover rate | 494 | % | 171 | % | 161 | % | 94 | % | 97 | % |
1 Per share information is calculated using the average shares outstanding method.
2 This amount represents less than $(0.01) per share.
3 Total returns are historical and assume changes in share price and reinvestment of all dividends and distributions. Had certain expenses not been reduced during the years shown, total returns would have been lower.
See Accompanying Notes to Financial Statements.
49
Credit Suisse Large Cap Growth Fund
Financial Highlights
(For an Advisor Class Share of the Fund Outstanding Throughout Each Year)
For the Year Ended October 31, | |||||||||||||||||||||||
2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||||||||||
Per share data | |||||||||||||||||||||||
Net asset value, beginning of year | $ | 11.86 | $ | 19.24 | $ | 16.56 | $ | 15.76 | $ | 14.65 | |||||||||||||
INVESTMENT OPERATIONS | |||||||||||||||||||||||
Net investment income (loss)1 | 0.03 | (0.03 | ) | (0.08 | ) | (0.12 | ) | (0.04 | ) | ||||||||||||||
Net gain (loss) on investments and foreign currency related items (both realized and unrealized) | 1.88 | (7.35 | ) | 2.76 | 0.92 | 1.15 | |||||||||||||||||
Total from investment operations | 1.91 | (7.38 | ) | 2.68 | 0.80 | 1.11 | |||||||||||||||||
LESS DIVIDENDS | |||||||||||||||||||||||
Dividends from net investment income | (0.06 | ) | — | — | — | — | |||||||||||||||||
Total dividends | (0.06 | ) | — | — | — | — | |||||||||||||||||
Net asset value, end of year | $ | 13.71 | $ | 11.86 | $ | 19.24 | $ | 16.56 | $ | 15.76 | |||||||||||||
Total return2 | 16.21 | % | (38.36 | )% | 16.18 | % | 5.08 | % | 7.58 | % | |||||||||||||
RATIOS AND SUPPLEMENTAL DATA | |||||||||||||||||||||||
Net assets, end of year (000s omitted) | $ | 917 | $ | 988 | $ | 3,541 | $ | 3,729 | $ | 5,334 | |||||||||||||
Ratio of expenses to average net assets | 1.75 | % | 1.71 | % | 1.60 | % | 1.70 | % | 1.67 | % | |||||||||||||
Ratio of net investment income (loss) to average net assets | 0.25 | % | (0.19 | )% | (0.46 | )% | (0.74 | )% | (0.41 | )% | |||||||||||||
Decrease reflected in above operating expense ratios due to waivers/reimbursements | 0.48 | % | — | — | — | — | |||||||||||||||||
Portfolio turnover rate | 494 | % | 171 | % | 161 | % | 94 | % | 97 | % |
1 Per share information is calculated using the average shares outstanding method.
2 Total returns are historical and assume changes in share price and reinvestment of all dividends and distributions. Had certain expenses not been reduced during the years shown, total returns would have been lower.
See Accompanying Notes to Financial Statements.
50
Credit Suisse Large Cap Growth Fund
Financial Highlights
(For a Class A Share of the Fund Outstanding Throughout Each Year)
For the Year Ended October 31, | |||||||||||||||||||||||
2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||||||||||
Per share data | |||||||||||||||||||||||
Net asset value, beginning of year | $ | 12.38 | $ | 20.03 | $ | 17.20 | $ | 16.33 | $ | 15.14 | |||||||||||||
INVESTMENT OPERATIONS | |||||||||||||||||||||||
Net investment income (loss)1 | 0.06 | 0.01 | (0.04 | ) | (0.08 | ) | (0.00 | )2 | |||||||||||||||
Net gain (loss) on investments and foreign currency related items (both realized and unrealized) | 1.97 | (7.66 | ) | 2.87 | 0.95 | 1.19 | |||||||||||||||||
Total from investment operations | 2.03 | (7.65 | ) | 2.83 | 0.87 | 1.19 | |||||||||||||||||
LESS DIVIDENDS | |||||||||||||||||||||||
Dividends from net investment income | (0.06 | ) | — | — | — | — | |||||||||||||||||
Total dividends | (0.06 | ) | — | — | — | — | |||||||||||||||||
Net asset value, end of year | $ | 14.35 | $ | 12.38 | $ | 20.03 | $ | 17.20 | $ | 16.33 | |||||||||||||
Total return3 | 16.50 | % | (38.19 | )% | 16.45 | % | 5.33 | % | 7.86 | % | |||||||||||||
RATIOS AND SUPPLEMENTAL DATA | |||||||||||||||||||||||
Net assets, end of year (000s omitted) | $ | 636 | $ | 606 | $ | 1,285 | $ | 1,329 | $ | 1,585 | |||||||||||||
Ratio of expenses to average net assets | 1.50 | % | 1.50 | % | 1.35 | % | 1.45 | % | 1.42 | % | |||||||||||||
Ratio of net investment income (loss) to average net assets | 0.47 | % | 0.05 | % | (0.21 | )% | (0.49 | )% | (0.16 | )% | |||||||||||||
Decrease reflected in above operating expense ratios due to waivers/reimbursements | 0.46 | % | — | — | — | — | |||||||||||||||||
Portfolio turnover rate | 494 | % | 171 | % | 161 | % | 94 | % | 97 | % |
1 Per share information is calculated using the average shares outstanding method.
2 This amount represents less than $(0.01) per share.
3 Total returns are historical and assume changes in share price, reinvestment of all dividends and distributions and no sales charge. Had certain expenses not been reduced during the years shown, total returns would have been lower.
See Accompanying Notes to Financial Statements.
51
Credit Suisse Large Cap Growth Fund
Financial Highlights
(For a Class B Share of the Fund Outstanding Throughout Each Year)
For the Year Ended October 31, | |||||||||||||||||||||||
2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||||||||||
Per share data | |||||||||||||||||||||||
Net asset value, beginning of year | $ | 11.75 | $ | 19.16 | $ | 16.58 | $ | 15.85 | $ | 14.82 | |||||||||||||
INVESTMENT OPERATIONS | |||||||||||||||||||||||
Net investment loss1 | (0.02 | ) | (0.12 | ) | (0.17 | ) | (0.20 | ) | (0.16 | ) | |||||||||||||
Net gain (loss) on investments and foreign currency related items (both realized and unrealized) | 1.85 | (7.29 | ) | 2.75 | 0.93 | 1.19 | |||||||||||||||||
Total from investment operations | 1.83 | (7.41 | ) | 2.58 | 0.73 | 1.03 | |||||||||||||||||
LESS DIVIDENDS | |||||||||||||||||||||||
Dividends from net investment income | (0.06 | ) | — | — | — | — | |||||||||||||||||
Total dividends | (0.06 | ) | — | — | — | — | |||||||||||||||||
Net asset value, end of year | $ | 13.52 | $ | 11.75 | $ | 19.16 | $ | 16.58 | $ | 15.85 | |||||||||||||
Total return2 | 15.68 | % | (38.67 | )% | 15.56 | % | 4.61 | % | 6.95 | % | |||||||||||||
RATIOS AND SUPPLEMENTAL DATA | |||||||||||||||||||||||
Net assets, end of year (000s omitted) | $ | 127 | $ | 244 | $ | 285 | $ | 498 | $ | 625 | |||||||||||||
Ratio of expenses to average net assets | 2.25 | % | 2.28 | % | 2.10 | % | 2.20 | % | 2.17 | % | |||||||||||||
Ratio of net investment loss to average net assets | (0.17 | )% | (0.73 | )% | (0.97 | )% | (1.24 | )% | (0.91 | )% | |||||||||||||
Decrease reflected in above operating expense ratios due to waivers/reimbursements | 0.56 | % | — | — | — | — | |||||||||||||||||
Portfolio turnover rate | 494 | % | 171 | % | 161 | % | 94 | % | 97 | % |
1 Per share information is calculated using the average shares outstanding method.
2 Total returns are historical and assume changes in share price, reinvestment of all dividends and distributions and no sales charge. Had certain expenses not been reduced during the years shown, total returns would have been lower.
See Accompanying Notes to Financial Statements.
52
Credit Suisse Large Cap Growth Fund
Financial Highlights
(For a Class C Share of the Fund Outstanding Throughout Each Year)
For the Year Ended October 31, | |||||||||||||||||||||||
2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||||||||||
Per share data | |||||||||||||||||||||||
Net asset value, beginning of year | $ | 11.75 | $ | 19.16 | $ | 16.58 | $ | 15.85 | $ | 14.81 | |||||||||||||
INVESTMENT OPERATIONS | |||||||||||||||||||||||
Net investment loss1 | (0.03 | ) | (0.12 | ) | (0.17 | ) | (0.20 | ) | (0.14 | ) | |||||||||||||
Net gain (loss) on investments and foreign currency related items (both realized and unrealized) | 1.86 | (7.29 | ) | 2.75 | 0.93 | 1.18 | |||||||||||||||||
Total from investment operations | 1.83 | (7.41 | ) | 2.58 | 0.73 | 1.04 | |||||||||||||||||
LESS DIVIDENDS | |||||||||||||||||||||||
Dividends from net investment income | (0.06 | ) | — | — | — | — | |||||||||||||||||
Total dividends | (0.06 | ) | — | — | — | — | |||||||||||||||||
Net asset value, end of year | $ | 13.52 | $ | 11.75 | $ | 19.16 | $ | 16.58 | $ | 15.85 | |||||||||||||
Total return2 | 15.68 | % | (38.67 | )% | 15.56 | % | 4.61 | % | 7.02 | % | |||||||||||||
RATIOS AND SUPPLEMENTAL DATA | |||||||||||||||||||||||
Net assets, end of year (000s omitted) | $ | 152 | $ | 203 | $ | 367 | $ | 385 | $ | 471 | |||||||||||||
Ratio of expenses to average net assets | 2.25 | % | 2.26 | % | 2.10 | % | 2.20 | % | 2.17 | % | |||||||||||||
Ratio of net investment loss to average net assets | (0.24 | )% | (0.72 | )% | (0.96 | )% | (1.24 | )% | (0.91 | )% | |||||||||||||
Decrease reflected in above operating expense ratios due to waivers/reimbursements | 0.49 | % | — | — | — | — | |||||||||||||||||
Portfolio turnover rate | 494 | % | 171 | % | 161 | % | 94 | % | 97 | % |
1 Per share information is calculated using the average shares outstanding method.
2 Total returns are historical and assume changes in share price, reinvestment of all dividends and distributions and no sales charge. Had certain expenses not been reduced during the years shown, total returns would have been lower.
See Accompanying Notes to Financial Statements.
53
Credit Suisse Mid-Cap Core Fund
Financial Highlights
(For a Common Class Share of the Fund Outstanding Throughout Each Year)
For the Year Ended October 31, | |||||||||||||||||||||||
2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||||||||||
Per share data | |||||||||||||||||||||||
Net asset value, beginning of year | $ | 24.95 | $ | 39.24 | $ | 33.21 | $ | 31.67 | $ | 28.04 | |||||||||||||
INVESTMENT OPERATIONS | |||||||||||||||||||||||
Net investment income (loss)1 | 0.18 | 0.09 | (0.07 | ) | (0.19 | ) | (0.27 | ) | |||||||||||||||
Net gain (loss) on investments and futures contracts (both realized and unrealized) | 3.52 | (14.38 | ) | 6.10 | 1.73 | 3.90 | |||||||||||||||||
Total from investment operations | 3.70 | (14.29 | ) | 6.03 | 1.54 | 3.63 | |||||||||||||||||
LESS DIVIDENDS | |||||||||||||||||||||||
Dividends from net investment income | (0.27 | ) | — | — | — | — | |||||||||||||||||
Total dividends | (0.27 | ) | — | — | — | — | |||||||||||||||||
Net asset value, end of year | $ | 28.38 | $ | 24.95 | $ | 39.24 | $ | 33.21 | $ | 31.67 | |||||||||||||
Total return2 | 15.14 | % | (36.42 | )% | 18.16 | % | 4.86 | % | 12.95 | % | |||||||||||||
RATIOS AND SUPPLEMENTAL DATA | |||||||||||||||||||||||
Net assets, end of year (000s omitted) | $ | 83,081 | $ | 83,760 | $ | 173,327 | $ | 228,798 | $ | 290,509 | |||||||||||||
Ratio of expenses to average net assets | 1.45 | % | 1.32 | % | 1.25 | % | 1.35 | % | 1.39 | % | |||||||||||||
Ratio of net investment income (loss) to average net assets | 0.76 | % | 0.25 | % | (0.19 | )% | (0.56 | )% | (0.87 | )% | |||||||||||||
Decrease reflected in above operating expense ratios due to waivers/reimbursements | 0.23 | % | — | 0.00 | %3 | 0.03 | % | — | |||||||||||||||
Portfolio turnover rate | 434 | % | 208 | % | 278 | % | 69 | % | 79 | % |
1 Per share information is calculated using the average shares outstanding method.
2 Total returns are historical and assume changes in share price and reinvestment of all dividends and distributions. Had certain expenses not been reduced during the years shown, total returns would have been lower.
3 This amount represents less than 0.01%.
See Accompanying Notes to Financial Statements.
54
Credit Suisse Mid-Cap Core Fund
Financial Highlights
(For an Advisor Class Share of the Fund Outstanding Throughout Each Year)
For the Year Ended October 31, | |||||||||||||||||||||||
2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||||||||||
Per share data | |||||||||||||||||||||||
Net asset value, beginning of year | $ | 22.84 | $ | 36.09 | $ | 30.70 | $ | 29.42 | $ | 26.18 | |||||||||||||
INVESTMENT OPERATIONS | |||||||||||||||||||||||
Net investment income (loss)1 | 0.06 | (0.08 | ) | (0.23 | ) | (0.33 | ) | (0.40 | ) | ||||||||||||||
Net gain (loss) on investments and futures contracts (both realized and unrealized) | 3.24 | (13.17 | ) | 5.62 | 1.61 | 3.64 | |||||||||||||||||
Total from investment operations | 3.30 | (13.25 | ) | 5.39 | 1.28 | 3.24 | |||||||||||||||||
LESS DIVIDENDS | |||||||||||||||||||||||
Dividends from net investment income | (0.08 | ) | — | — | — | — | |||||||||||||||||
Total dividends | (0.08 | ) | — | — | — | — | |||||||||||||||||
Net asset value, end of year | $ | 26.06 | $ | 22.84 | $ | 36.09 | $ | 30.70 | $ | 29.42 | |||||||||||||
Total return2 | 14.55 | % | (36.71 | )% | 17.56 | % | 4.35 | % | 12.38 | % | |||||||||||||
RATIOS AND SUPPLEMENTAL DATA | |||||||||||||||||||||||
Net assets, end of year (000s omitted) | $ | 4,563 | $ | 4,844 | $ | 10,892 | $ | 16,250 | $ | 24,851 | |||||||||||||
Ratio of expenses to average net assets | 1.95 | % | 1.82 | % | 1.75 | % | 1.85 | % | 1.89 | % | |||||||||||||
Ratio of net investment income (loss) to average net assets | 0.28 | % | (0.25 | )% | (0.68 | )% | (1.06 | )% | (1.37 | )% | |||||||||||||
Decrease reflected in above operating expense ratios due to waivers/reimbursements | 0.22 | % | — | 0.01 | % | 0.03 | % | — | |||||||||||||||
Portfolio turnover rate | 434 | % | 208 | % | 278 | % | 69 | % | 79 | % |
1 Per share information is calculated using the average shares outstanding method.
2 Total returns are historical and assume changes in share price and reinvestment of all dividends and distributions. Had certain expenses not been reduced during the years shown, total returns would have been lower.
See Accompanying Notes to Financial Statements.
55
Credit Suisse Mid-Cap Core Fund
Financial Highlights
(For a Class A Share of the Fund Outstanding Throughout Each Year)
For the Year Ended October 31, | |||||||||||||||||||||||
2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||||||||||
Per share data | |||||||||||||||||||||||
Net asset value, beginning of year | $ | 24.48 | $ | 38.59 | $ | 32.73 | $ | 31.29 | $ | 27.77 | |||||||||||||
INVESTMENT OPERATIONS | |||||||||||||||||||||||
Net investment income (loss)1 | 0.09 | 0.04 | (0.15 | ) | (0.27 | ) | (0.34 | ) | |||||||||||||||
Net gain (loss) on investments and futures contracts (both realized and unrealized) | 3.52 | (14.15 | ) | 6.01 | 1.71 | 3.86 | |||||||||||||||||
Total from investment operations | 3.61 | (14.11 | ) | 5.86 | 1.44 | 3.52 | |||||||||||||||||
LESS DIVIDENDS | |||||||||||||||||||||||
Dividends from net investment income | (0.12 | ) | — | — | — | — | |||||||||||||||||
Total dividends | (0.12 | ) | — | — | — | — | |||||||||||||||||
Net asset value, end of year | $ | 27.97 | $ | 24.48 | $ | 38.59 | $ | 32.73 | $ | 31.29 | |||||||||||||
Total return2 | 14.88 | % | (36.56 | )% | 17.90 | % | 4.60 | % | 12.68 | % | |||||||||||||
RATIOS AND SUPPLEMENTAL DATA | |||||||||||||||||||||||
Net assets, end of year (000s omitted) | $ | 623 | $ | 399 | $ | 345 | $ | 555 | $ | 688 | |||||||||||||
Ratio of expenses to average net assets | 1.70 | % | 1.54 | % | 1.50 | % | 1.60 | % | 1.64 | % | |||||||||||||
Ratio of net investment income (loss) to average net assets | 0.37 | % | 0.11 | % | (0.42 | )% | (0.81 | )% | (1.12 | )% | |||||||||||||
Decrease reflected in above operating expense ratios due to waivers/reimbursements | 0.22 | % | — | 0.01 | % | 0.03 | % | — | |||||||||||||||
Portfolio turnover rate | 434 | % | 208 | % | 278 | % | 69 | % | 79 | % |
1 Per share information is calculated using the average shares outstanding method.
2 Total returns are historical and assume changes in share price, reinvestment of all dividends and distributions and no sales charge. Had certain expenses not been reduced during the years shown, total returns would have been lower.
See Accompanying Notes to Financial Statements.
56
Credit Suisse Mid-Cap Core Fund
Financial Highlights
(For a Class B Share of the Fund Outstanding Throughout Each Year)
For the Year Ended October 31, | |||||||||||||||||||||||
2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||||||||||
Per share data | |||||||||||||||||||||||
Net asset value, beginning of year | $ | 23.63 | $ | 37.54 | $ | 32.10 | $ | 30.91 | $ | 27.64 | |||||||||||||
INVESTMENT OPERATIONS | |||||||||||||||||||||||
Net investment loss1 | (0.09 | ) | (0.27 | ) | (0.43 | ) | (0.50 | ) | (0.58 | ) | |||||||||||||
Net gain (loss) on investments and futures contracts (both realized and unrealized) | 3.38 | (13.64 | ) | 5.87 | 1.69 | 3.85 | |||||||||||||||||
Total from investment operations | 3.29 | (13.91 | ) | 5.44 | 1.19 | 3.27 | |||||||||||||||||
LESS DIVIDENDS | |||||||||||||||||||||||
Dividends from net investment income | (0.08 | ) | — | — | — | — | |||||||||||||||||
Total dividends | (0.08 | ) | — | — | — | — | |||||||||||||||||
Net asset value, end of year | $ | 26.84 | $ | 23.63 | $ | 37.54 | $ | 32.10 | $ | 30.91 | |||||||||||||
Total return2 | 14.02 | % | (37.05 | )% | 16.95 | % | 3.85 | % | 11.83 | % | |||||||||||||
RATIOS AND SUPPLEMENTAL DATA | |||||||||||||||||||||||
Net assets, end of year (000s omitted) | $ | 45 | $ | 45 | $ | 124 | $ | 80 | $ | 55 | |||||||||||||
Ratio of expenses to average net assets | 2.45 | % | 2.35 | % | 2.25 | % | 2.35 | % | 2.39 | % | |||||||||||||
Ratio of net investment loss to average net assets | (0.39 | )% | (0.82 | )% | (1.22 | )% | (1.56 | )% | (1.87 | )% | |||||||||||||
Decrease reflected in above operating expense ratios due to waivers/reimbursements | 0.27 | % | — | 0.00 | %3 | 0.03 | % | — | |||||||||||||||
Portfolio turnover rate | 434 | % | 208 | % | 278 | % | 69 | % | 79 | % |
1 Per share information is calculated using the average shares outstanding method.
2 Total returns are historical and assume changes in share price, reinvestment of all dividends and distributions and no sales charge. Had certain expenses not been reduced during the years shown, total returns would have been lower.
3 This amount represents less than 0.01%.
See Accompanying Notes to Financial Statements.
57
Credit Suisse Mid-Cap Core Fund
Financial Highlights
(For a Class C Share of the Fund Outstanding Throughout Each Year)
For the Year Ended October 31, | |||||||||||||||||||||||
2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||||||||||
Per share data | |||||||||||||||||||||||
Net asset value, beginning of year | $ | 23.67 | $ | 37.59 | $ | 32.10 | $ | 30.91 | $ | 27.67 | |||||||||||||
INVESTMENT OPERATIONS | |||||||||||||||||||||||
Net investment loss1 | (0.09 | ) | (0.22 | ) | (0.40 | ) | (0.51 | ) | (0.62 | ) | |||||||||||||
Net gain (loss) on investments and futures contracts (both realized and unrealized) | 3.39 | (13.70 | ) | 5.89 | 1.70 | 3.86 | |||||||||||||||||
Total from investment operations | 3.30 | (13.92 | ) | 5.49 | 1.19 | 3.24 | |||||||||||||||||
LESS DIVIDENDS | |||||||||||||||||||||||
Dividends from net investment income | (0.08 | ) | — | — | — | — | |||||||||||||||||
Total dividends | (0.08 | ) | — | — | — | — | |||||||||||||||||
Net asset value, end of year | $ | 26.89 | $ | 23.67 | $ | 37.59 | $ | 32.10 | $ | 30.91 | |||||||||||||
Total return2 | 14.04 | % | (37.03 | )% | 17.10 | % | 3.85 | % | 11.71 | % | |||||||||||||
RATIOS AND SUPPLEMENTAL DATA | |||||||||||||||||||||||
Net assets, end of year (000s omitted) | $ | 1 | $ | 1 | $ | 1 | $ | 1 | $ | 1 | |||||||||||||
Ratio of expenses to average net assets | 2.45 | % | 2.28 | % | 2.16 | % | 2.35 | % | 2.39 | % | |||||||||||||
Ratio of net investment loss to average net assets | (0.31 | )% | (0.68 | )% | (1.15 | )% | (1.56 | )% | (1.87 | )% | |||||||||||||
Decrease reflected in above operating expense ratios due to waivers/reimbursements | 0.25 | % | — | 0.00 | %3 | 0.03 | % | — | |||||||||||||||
Portfolio turnover rate | 434 | % | 208 | % | 278 | % | 69 | % | 79 | % |
1 Per share information is calculated using the average shares outstanding method.
2 Total returns are historical and assume changes in share price, reinvestment of all dividends and distributions and no sales charge. Had certain expenses not been reduced during the years shown, total returns would have been lower.
3 This amount represents less than 0.01%.
See Accompanying Notes to Financial Statements.
58
Credit Suisse Funds
Notes to Financial Statements
October 31, 2009
Note 1. Organization
The Credit Suisse Funds covered in this report are Credit Suisse Large Cap Growth Fund ("Large Cap Growth") and Credit Suisse Mid-Cap Core Fund ("Mid-Cap Core"), (each a "Fund" and collectively, the "Funds"), each of which is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as a diversified open-end management investment company. Large Cap Growth was organized under the laws of the Commonwealth of Massachusetts as a business trust on January 20, 1987. Mid-Cap Core was incorporated under the laws of the State of Maryland on November 12, 1987. Investment objectives for each Fund are as follows: Large Cap Growth seeks long-term capital appreciation and Mid-Cap Core seeks maximum capital appreciation.
Large Cap Growth and Mid-Cap Core each offer five classes of shares: Common Class, Advisor Class, Class A, Class B, and Class C shares. Effective December 12, 2001, the Funds' Common Class shares are closed to new investors, with certain exceptions as set forth in the prospectus. Each class of shares in each Fund represents an equal pro rata interest in each Fund, except that they bear different expenses, which reflect the differences in the range of services provided to them. Class A shares of each fund are sold subject to a maximum front-end sales charge of 5.75%. Class B shares of each fund are sold subject to a contingent deferred sales charge which declines from 4.00% to zero depending on the period of time the shares are held. Class C shares of each fund are sold subject to a contingent deferred sales charge of 1.00% if the shares are redeemed within the first year of purchase.
Note 2. Significant Accounting Policies
A) SECURITY VALUATION — The net asset value of each Fund is determined daily as of the close of regular trading on the New York Stock Exchange, Inc. (the "Exchange") on each day the Exchange is open for business. Equity investments are valued at market value, which is generally determined using the closing price on the exchange or market on which the security is primarily traded at the time of valuation (the "Valuation Time"). If no sales are reported, equity investments are generally valued at the most recent bid quotation as of the Valuation Time or at the lowest asked quotation in the case of a short sale of securities. Debt securities with a remaining maturity greater than 60 days are valued in accordance with the price supplied by a pricing service, which may use a matrix, formula or other objective method that takes into consideration market indices, yield curves and other specific adjustments. Debt obligations that will mature in 60 days or less are valued on the basis of
59
Credit Suisse Funds
Notes to Financial Statements (continued)
October 31, 2009
Note 2. Significant Accounting Policies
amortized cost, which approximates market value, unless it is determined that using this method would not represent fair value. Investments in mutual funds are valued at the mutual fund's closing net asset value per share on the day of valuation. Securities and other assets for which market quotations are not readily available, or whose values have been materially affected by events occurring before the Funds' Valuation Time but after the close of the securities' primary markets, are valued at fair value as determined in good faith by, or under the direction of, the Board of Trustees/Directors under procedures established by the Board of Trustees/Directors. The Funds may utilize a service provided by an independent third party which has been approved by the Board of Trustees/Directors to fair value certain securities. When fair-value pricing is employed, the prices of securities used by a fund to calculate its net asset value may differ from quoted or published prices for the same securities.
In accordance with the authoritative guidance on fair value measurements and disclosures under accounting principles generally accepted in the United States of America ("GAAP"), the Funds disclose the fair value of their investments in a hierarchy that prioritizes the inputs to valuation techniques used to measure the fair value. In accordance with GAAP, fair value is defined as the price that a Fund would receive upon selling an investment in a timely transaction to an independent buyer in the principal or most advantageous market of the investment. GAAP established a three-tier hierarchy to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk, for example, the risk inherent in a part icular valuation technique used to measure fair value including such a pricing model and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity's own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The three-tier hierarchy of inputs is summarized in the three broad Levels listed below.
• Level 1 – quoted prices in active markets for identical investments
• Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)
60
Credit Suisse Funds
Notes to Financial Statements (continued)
October 31, 2009
Note 2. Significant Accounting Policies
• Level 3 – significant unobservable inputs (including a Fund's own assumptions in determining the fair value of investments)
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
The following is a summary of the inputs used as of October 31, 2009 in valuing each Fund's investments carried at value:
Large Cap Growth | Level 1 | Level 2 | Level 3 | Total | |||||||||||||||
Investments in Securities | |||||||||||||||||||
Common Stocks | $ | 50,306,609 | $ | — | $ | — | $ | 50,306,609 | |||||||||||
Preferred Stock | — | — | 3,760 | 3,760 | |||||||||||||||
Short-Term Investment | — | 570,000 | — | 570,000 | |||||||||||||||
Other Financial Instruments* | — | — | — | — | |||||||||||||||
$ | 50,306,609 | $ | 570,000 | $ | 3,760 | $ | 50,880,369 |
*Other financial instruments include futures, forwards and swap contracts.
As of October 31, 2009, the amounts shown by Large Cap Growth as being Level 3 securities that were measured at fair value amounted to 0.01% of net assets.
Mid-Cap Core | Level 1 | Level 2 | Level 3 | Total | |||||||||||||||
Investments in Securities | |||||||||||||||||||
Common Stocks | $ | 86,518,491 | $ | — | $ | — | $ | 86,518,491 | |||||||||||
Preferred Stock | — | — | 2,820 | 2,820 | |||||||||||||||
Short-Term Investment | — | 2,444,000 | — | 2,444,000 | |||||||||||||||
Other Financial Instruments* | — | — | — | — | |||||||||||||||
$ | 86,518,491 | $ | 2,444,000 | $ | 2,820 | $ | 88,965,311 |
*Other financial instruments include futures, forwards and swap contracts.
As of October 31, 2009, the amounts shown by Mid-Cap Core as being Level 3 securities that were measured at fair value amounted to less than 0.01% of net assets.
B) DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES — Effective October 31, 2009, each Fund adopted amendments to authoritative guidance on disclosures about derivative instruments and hedging activities which require that each Fund disclose (a) how and why an entity uses derivative instruments, (b) how derivative instruments and hedging activities are accounted for, and (c) how derivative instruments and related hedging activities affect a fund's financial position, financial performance, and cash flows. The Fund has not entered into any derivative or hedging activities during the period covered by this report.
61
Credit Suisse Funds
Notes to Financial Statements (continued)
October 31, 2009
Note 2. Significant Accounting Policies
C) FOREIGN CURRENCY TRANSACTIONS — The books and records of the Funds are maintained in U.S. dollars. Transactions denominated in foreign currencies are recorded at the current prevailing exchange rates. All assets and liabilities denominated in foreign currencies are translated into U.S. dollar amounts at the current exchange rate at the end of the period. Translation gains or losses resulting from changes in the exchange rate during the reporting period and realized gains and losses on the settlement of foreign currency transactions are reported in the results of operations for the current period. The Funds do not isolate that portion of realized gains and losses on investments in equity securities which is due to changes in the foreign exchange rate from that which is due to changes in market prices of equity securities. The Funds isolate that portion of realized gains and losses on investments in debt securities which is due to changes in the foreign exchange rate from that which is due to changes in market prices of debt securities.
D) SECURITY TRANSACTIONS AND INVESTMENT INCOME — Security transactions are accounted for on a trade date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date. Certain expenses are class-specific expenses and vary by class. Income, expenses (excluding class-specific expenses) and realized/unrealized gains/losses are allocated proportionately to each class of shares based upon the relative net asset value of the outstanding shares of that class. The cost of investments sold is determined by use of the specific identification method for both financial reporting and income tax purposes.
E) DIVIDENDS AND DISTRIBUTIONS TO SHAREHOLDERS — Dividends from net investment income and distributions of net realized capital gains, if any, are declared and paid at least annually. However, to the extent that a net realized capital gain can be reduced by a capital loss carryforward, such gain will not be distributed. Income and capital gain distributions are determined in accordance with federal income tax regulations, which may differ from GAAP.
F) FEDERAL INCOME TAXES — No provision is made for federal taxes as it is each Fund's intention to continue to qualify for and elect the tax treatment applicable to regulated investment companies under the Internal Revenue Code of 1986, as amended, and to make the requisite distributions to its shareholders, which will be sufficient to relieve it from federal income and excise taxes.
62
Credit Suisse Funds
Notes to Financial Statements (continued)
October 31, 2009
Note 2. Significant Accounting Policies
Each Fund adopted the authoritative guidance for uncertainty in income taxes and recognizes a tax benefit from an uncertain position only if it is more likely than not that the position is sustainable based solely on its technical merits and consideration of the relevant taxing authority's widely understood administrative practices and procedures. Each Fund has reviewed its current tax positions and has determined that no provision for income tax is required in each Fund's financial statements. Each Fund's federal tax returns for the prior three fiscal years remain subject to examination by the Internal Revenue Service.
G) USE OF ESTIMATES — The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period. Actual results could differ from these estimates.
H) SHORT-TERM INVESTMENTS — The Funds, together with other funds/portfolios advised by Credit Suisse Asset Management, LLC ("Credit Suisse"), an indirect, wholly-owned subsidiary of Credit Suisse Group AG, pool available cash into a short-term variable rate time deposit issued by State Street Bank and Trust Company ("SSB"), the Funds' custodian. The short-term time deposit issued by SSB is a variable rate account classified as a short-term investment.
I) FUTURES — Each Fund may enter into futures contracts to the extent permitted by its investment policies and objectives. Each Fund may use futures contracts to gain exposure to, or hedge against changes in equities. Upon entering into a futures contract, each Fund is required to deposit cash and/or pledge U.S. Government securities as initial margin. Subsequent payments, which are dependent on the daily fluctuations in the value of the underlying instrument, are made or received by the Funds each day (daily variation margin) and are recorded as unrealized gains or losses until the contracts are closed. When the contracts are closed, each Fund records a realized gain or loss equal to the difference between the proceeds from (or cost of) the closing transactions and each Fund's basis in the contract. Risks of entering into futures contracts for hedging purposes include the possibility that a change in the value of the contract may not c orrelate with the changes in the value of the underlying instruments. With futures, there is minimal counterparty credit risk to each Fund since futures are exchange traded and the exchange's clearinghouse, as counterparty to all exchange traded futures, guarantees the
63
Credit Suisse Funds
Notes to Financial Statements (continued)
October 31, 2009
Note 2. Significant Accounting Policies
futures against default. In addition, the purchase of a futures contract involves the risk that the Funds could lose more than the original margin deposit and subsequent payments may be required for a futures transaction. At October 31, 2009, the Funds had no open futures contracts.
J) SECURITIES LENDING — Loans of securities are required at all times to be secured by collateral at least equal to 102% of the market value of domestic securities on loan (including any accrued interest thereon) and 105% of the market value of foreign securities on loan (including any accrued interest thereon). Cash collateral received by the Funds in connection with securities lending activity may be pooled together with cash collateral for other funds/portfolios advised by Credit Suisse and may be invested in a variety of investments, including funds advised by SSB, the Funds' securities lending agent, or money market instruments. However, in the event of default or bankruptcy by the other party to the agreement, realization and/or retention of the collateral may be subject to legal proceedings.
SSB has been engaged by the Funds to act as the Funds' securities lending agent. The Funds' securities lending arrangement provides that the Funds and SSB will share the net income earned from securities lending activities. During the year ended October 31, 2009, total earnings from the Funds' investment in cash collateral received in connection with Large Cap Growth and Mid-Cap Core's securities lending arrangements were $165 and $554, respectively, of which $2 and $2, respectively, were rebated to borrowers (brokers). The Funds retained $154 and $481 in income, respectively, from the cash collateral investment, and SSB, as lending agent, was paid $9 and $71, respectively. Securities lending income is accrued as earned.
Note 3. Transactions with Affiliates and Related Parties
Credit Suisse serves as investment adviser for each Fund. For its investment advisory services, Credit Suisse is entitled to receive a fee from Large Cap Growth of 0.50%, and from Mid-Cap Core of 0.70%. For the year ended October 31, 2009, investment advisory fees earned and voluntarily waived were as follows:
Fund | Gross Investment Advisory Fee | Waiver | Net Investment Advisory Fee | ||||||||||||
Large Cap Growth | $ | 232,725 | $ | (219,663 | ) | $ | 13,062 | ||||||||
Mid-Cap Core | 561,304 | (185,553 | ) | 375,751 |
64
Credit Suisse Funds
Notes to Financial Statements (continued)
October 31, 2009
Note 3. Transactions with Affiliates and Related Parties
Credit Suisse will not recapture from the Funds any fees it waived during the year ended October 31, 2009. Fee waivers and reimbursements are voluntary and may be discontinued by Credit Suisse at any time.
Credit Suisse Asset Management Securities, Inc. ("CSAMSI"), an affiliate of Credit Suisse, and SSB serve as co-administrators to the Funds. For its co-administrative services, CSAMSI currently receives a fee calculated at an annual rate of 0.09% of each Fund's average daily net assets. For the year ended October 31, 2009, co-administrative services fees earned by CSAMSI were as follows:
Fund | Co-Administration Fee | ||||||
Large Cap Growth | $ | 41,891 | |||||
Mid-Cap Core | 72,167 |
For its co-administrative services, SSB receives a fee, exclusive of out-of-pocket expenses, calculated in total for all the Credit Suisse funds/portfolios co-administered by SSB and allocated based upon the relative average net assets of each fund/portfolio, subject to an annual minimum fee. For the year ended October 31, 2009, co-administrative services fees earned by SSB (including out-of-pocket expenses) were as follows:
Fund | Co-Administration Fee | ||||||
Large Cap Growth | $ | 55,639 | |||||
Mid-Cap Core | 68,782 |
In addition to serving as each Fund's co-administrator, CSAMSI currently serves as distributor of each Fund's shares. Pursuant to distribution plans adopted by each Fund pursuant to Rule 12b-1 under the 1940 Act, CSAMSI receives fees for its distribution services. For the Advisor class shares of each Fund, the shareholder servicing fee is calculated at an annual rate of 0.50% of the average daily net assets. For the Class A shares of each Fund, the fee is calculated at an annual rate of 0.25% of the average daily net assets. For the Class B and Class C shares of each Fund, the fee is calculated at an annual rate of 1.00% of average daily net assets. Common Class shares of each Fund do not bear distribution fees.
Certain brokers, dealers and financial representatives provide transfer agent related services to the Funds and receive compensation from Credit Suisse.
65
Credit Suisse Funds
Notes to Financial Statements (continued)
October 31, 2009
Note 3. Transactions with Affiliates and Related Parties
Credit Suisse is then reimbursed by the Funds. For the year ended October 31, 2009, the Funds reimbursed Credit Suisse the following amounts, which are included in each Fund's transfer agent expense as follows:
Fund | Amount | ||||||
Large Cap Growth | $ | 52,277 | |||||
Mid-Cap Core | 169,900 |
For the year ended October 31, 2009, CSAMSI and its affiliates advised the Funds that they retained the following amounts from commissions earned on the sale of the Funds' Class A shares:
Fund | Amount | ||||||
Large Cap Growth | $ | 807 | |||||
Mid-Cap Core | 6,925 |
Merrill Corporation ("Merrill"), an affiliate of Credit Suisse, has been engaged by each Fund to provide certain financial printing services. For the year ended October 31, 2009, Merrill was paid for its services by the Funds as follows:
Fund | Amount | ||||||
Large Cap Growth | $ | 47,007 | |||||
Mid-Cap Core | 29,683 |
Note 4. Line of Credit
The Funds, together with other funds/portfolios advised by Credit Suisse (collectively, the "Participating Funds"), participate in a $50 million committed, unsecured line of credit facility ("Credit Facility") for temporary or emergency purposes with SSB. Under the terms of the Credit Facility, the Participating Funds pay an aggregate commitment fee on the average unused amount of the Credit Facility, which is allocated among the Participating Funds in such manner as is determined by the governing Boards of the Participating Funds. In addition, the Participating Funds pay interest on borrowings at either the Overnight Federal Funds rate or the Overnight LIBOR rate plus a spread. At October 31, 2009 and during the year ended October 31, 2009, Mid-Cap Core had no borrowings under the Credit Facility. At October 31, 2009, Large Cap Growth had no loan outstanding under the Credit Facility. During the year ended October 31, 2009, Large Cap Growth had borrowings under the Credit Facility as follows:
Average Daily Loan Balance | Weighted Average Interest Rate % | Maximum Daily Loan Outstanding | |||||||||
$ | 1,113,636 | 0.646 | % | $ | 2,299,000 |
66
Credit Suisse Funds
Notes to Financial Statements (continued)
October 31, 2009
Note 5. Purchases and Sales of Securities
For the year ended October 31, 2009, purchases and sales of investment securities (excluding short-term investments) were as follows:
Fund | Purchases | Sales | |||||||||
Large Cap Growth | $ | 231,113,555 | $ | 238,866,606 | |||||||
Mid-Cap Core | 349,945,362 | 361,030,816 |
Note 6. Capital Share Transactions
Large Cap Growth is authorized to issue an unlimited number of full and fractional shares of beneficial interest. Mid-Cap Core has four billion full and fractional shares of capital stock authorized and classified as follows: one billion as Common Class shares, one billion as Advisor Class shares, one billion as Class A shares, 500 million as Class B shares and 500 million as Class C shares. Each Fund has a par value of $.001 per share. Transactions in classes of each Fund were as follows:
Large Cap Growth | |||||||||||||||||||
Common Class | |||||||||||||||||||
For the Year Ended October 31, 2009 | For the Year Ended October 31, 2008 | ||||||||||||||||||
Shares | Value | Shares | Value | ||||||||||||||||
Shares sold | 116,826 | $ | 1,386,707 | 159,396 | $ | 2,774,022 | |||||||||||||
Shares issued in reinvestment of dividends | 17,810 | 200,184 | 605 | 11,938 | |||||||||||||||
Shares redeemed | (772,787 | ) | (9,307,848 | ) | (1,349,326 | ) | (23,359,642 | ) | |||||||||||
Net decrease | (638,151 | ) | $ | (7,720,957 | ) | (1,189,325 | ) | $ | (20,573,682 | ) | |||||||||
Advisor Class | |||||||||||||||||||
For the Year Ended October 31, 2009 | For the Year Ended October 31, 2008 | ||||||||||||||||||
Shares | Value | Shares | Value | ||||||||||||||||
Shares sold | 6,887 | $ | 82,799 | 8,227 | $ | 134,983 | |||||||||||||
Shares issued in reinvestment of dividends | 440 | 4,653 | — | — | |||||||||||||||
Shares redeemed | (23,792 | ) | (269,604 | ) | (108,901 | ) | (1,889,233 | ) | |||||||||||
Net decrease | (16,465 | ) | $ | (182,152 | ) | (100,674 | ) | $ | (1,754,250 | ) |
67
Credit Suisse Funds
Notes to Financial Statements (continued)
October 31, 2009
Note 6. Capital Share Transactions
Class A | |||||||||||||||||||
For the Year Ended October 31, 2009 | For the Year Ended October 31, 2008 | ||||||||||||||||||
Shares | �� | Value | Shares | Value | |||||||||||||||
Shares sold | 8,669 | $ | 118,529 | 11,364 | $ | 193,335 | |||||||||||||
Shares issues in reinvestment of dividends | 170 | 1,887 | — | — | |||||||||||||||
Shares redeemed | (13,493 | ) | (172,596 | ) | (26,555 | ) | (439,504 | ) | |||||||||||
Net decrease | (4,654 | ) | $ | (52,180 | ) | (15,191 | ) | $ | (246,169 | ) | |||||||||
Class B | |||||||||||||||||||
For the Year Ended October 31, 2009 | For the Year Ended October 31, 2008 | ||||||||||||||||||
Shares | Value | Shares | Value | ||||||||||||||||
Shares sold | 1,581 | $ | 15,314 | 12,883 | $ | 222,538 | |||||||||||||
Shares issued in reinvestment of dividends | 62 | 645 | — | — | |||||||||||||||
Shares redeemed | (12,998 | ) | (146,663 | ) | (7,002 | ) | (117,048 | ) | |||||||||||
Net increase (decrease) | (11,355 | ) | $ | (130,704 | ) | 5,881 | $ | 105,490 | |||||||||||
Class C | |||||||||||||||||||
For the Year Ended October 31, 2009 | For the Year Ended October 31, 2008 | ||||||||||||||||||
Shares | Value | Shares | Value | ||||||||||||||||
Shares sold | 1,033 | $ | 11,640 | 820 | $ | 14,200 | |||||||||||||
Shares issued in reinvestment of dividends | 36 | 381 | — | — | |||||||||||||||
Shares redeemed | (7,099 | ) | (75,855 | ) | (2,718 | ) | (35,577 | ) | |||||||||||
Net decrease | (6,030 | ) | $ | (63,834 | ) | (1,898 | ) | $ | (21,377 | ) | |||||||||
Mid-Cap Core | |||||||||||||||||||
Common Class | |||||||||||||||||||
For the Year Ended October 31, 2009 | For the Year Ended October 31, 2008 | ||||||||||||||||||
Shares | Value | Shares | Value | ||||||||||||||||
Shares sold | 203,778 | $ | 4,945,243 | 180,449 | $ | 6,174,956 | |||||||||||||
Shares issued in reinvestment of dividends | 39,284 | 870,349 | — | — | |||||||||||||||
Shares redeemed | (672,355 | ) | (15,797,776 | ) | (1,240,754 | ) | (43,198,492 | ) | |||||||||||
Net decrease | (429,293 | ) | $ | (9,982,184 | ) | (1,060,305 | ) | $ | (37,023,536 | ) |
68
Credit Suisse Funds
Notes to Financial Statements (continued)
October 31, 2009
Note 6. Capital Share Transactions
Advisor Class | |||||||||||||||||||
For the Year Ended October 31, 2009 | For the Year Ended October 31, 2008 | ||||||||||||||||||
Shares | Value | Shares | Value | ||||||||||||||||
Shares sold | 78,173 | $ | 1,750,666 | 47,514 | $ | 1,537,515 | |||||||||||||
Shares issued in reinvestment of dividends | 861 | 17,208 | — | — | |||||||||||||||
Shares redeemed | (116,041 | ) | (2,670,019 | ) | (137,153 | ) | (4,337,076 | ) | |||||||||||
Net decrease | (37,007 | ) | $ | (902,145 | ) | (89,639 | ) | $ | (2,799,561 | ) | |||||||||
Class A | |||||||||||||||||||
For the Year Ended October 31, 2009 | For the Year Ended October 31, 2008 | ||||||||||||||||||
Shares | Value | Shares | Value | ||||||||||||||||
Shares sold | 8,453 | $ | 216,231 | 10,767 | $ | 368,349 | |||||||||||||
Shares issues in reinvestment of dividends | 89 | 1,915 | — | — | |||||||||||||||
Shares redeemed | (2,565 | ) | (60,087 | ) | (3,389 | ) | (108,554 | ) | |||||||||||
Net increase | 5,977 | $ | 158,059 | 7,378 | $ | 259,795 | |||||||||||||
Class B | |||||||||||||||||||
For the Year Ended October 31, 2009 | For the Year Ended October 31, 2008 | ||||||||||||||||||
Shares | Value | Shares | Value | ||||||||||||||||
Shares sold | 2,140 | $ | 50,000 | 737 | $ | 23,555 | |||||||||||||
Shares issued in reinvestment of dividends | 6 | 122 | — | — | |||||||||||||||
Shares redeemed | (2,353 | ) | (62,151 | ) | (2,168 | ) | (74,041 | ) | |||||||||||
Net decrease | (207 | ) | $ | (12,029 | ) | (1,431 | ) | $ | (50,486 | ) | |||||||||
Class C | |||||||||||||||||||
For the Year Ended October 31, 2009 | For the Year Ended October 31, 2008 | ||||||||||||||||||
Shares | Value | Shares | Value | ||||||||||||||||
Shares sold | — | $ | — | — | $ | — | |||||||||||||
Shares issued in reinvestment of dividends | — | — | — | — | |||||||||||||||
Shares redeemed | — | — | — | — | |||||||||||||||
Net increase (decrease) | — | $ | — | — | $ | — |
69
Credit Suisse Funds
Notes to Financial Statements (continued)
October 31, 2009
Note 6. Capital Share Transactions
On October 31, 2009, the number of shareholders that held 5% or more of the outstanding shares of each class of the Funds was as follows:
Number of Shareholders | Approximate Percentage of Outstanding Shares | ||||||||||
Large Cap Growth | |||||||||||
Common Class | 4 | 38 | % | ||||||||
Advisor Class | 5 | 79 | % | ||||||||
Class A | 5 | 74 | % | ||||||||
Class B | 9 | 64 | % | ||||||||
Class C | 5 | 92 | % | ||||||||
Mid-Cap Core | |||||||||||
Common Class | 4 | 57 | % | ||||||||
Advisor Class | 2 | 90 | % | ||||||||
Class A | 4 | 37 | % | ||||||||
Class B | 5 | 95 | % | ||||||||
Class C | 1 | 100 | % |
Some of the shareholders are omnibus accounts, which hold shares on behalf of individual shareholders.
Note 7. Federal Income Taxes
Income and capital gain distributions are determined in accordance with federal income tax regulations, which may differ from GAAP.
The tax characteristics of dividends paid during the years ended October 31, 2009 and 2008, respectively, by the Funds were as follows:
Ordinary Income | |||||||||||
Fund | 2009 | 2008 | |||||||||
Large Cap Growth | $ | 217,185 | $ | 12,298 | |||||||
Mid-Cap Core | 901,906 | 0 |
The tax basis components of distributable earnings differ from the amounts reflected in the Statement of Assets and Liabilities by temporary book/tax differences. These differences are primarily due to differing treatments of wash sales, real estate investment trusts and cumulative basis adjustments on partnerships. At October 31, 2009, the components of distributable earnings on a tax basis for the Funds were as follows:
Large Cap Growth | Mid-Cap Core | ||||||||||
Accumulated realized loss | $ | (242,014,731 | ) | $ | (51,246,527 | ) | |||||
Unrealized appreciation (depreciation) | 2,470,503 | (5,240,094 | ) | ||||||||
Undistributed net investment income | 323,241 | 283,498 | |||||||||
$ | (239,220,987 | ) | $ | (56,203,123 | ) |
70
Credit Suisse Funds
Notes to Financial Statements (continued)
October 31, 2009
Note 7. Federal Income Taxes
At October 31, 2009, the Funds had capital loss carryforwards available to offset possible future capital gains as follows:
Expires October 31, | |||||||||||||||||||
Fund | 2010 | 2011 | 2016 | 2017 | |||||||||||||||
Large Cap Growth | $ | 186,923,215 | $ | 37,559,718 | $ | 6,511,343 | $ | 11,020,455 | |||||||||||
Mid-Cap Core | 24,669,925 | — | 6,062,605 | 20,513,997 |
During the tax year ended October 31, 2009, Large Cap Growth and Mid-Cap Core did not utilize any of the capital loss carryforwards.
During the tax year ended October 31, 2009, Large Cap Growth and Mid-Cap Core had $64,656,367 and $79,854,279 of the capital loss carryforwards expire, respectively.
It is uncertain whether the Funds will be able to realize the benefits of the capital loss carryforwards before they expire.
At October 31, 2009, the identified cost for federal income tax purposes, as well as the gross unrealized appreciation from investments for those securities having an excess of value over cost, gross unrealized depreciation from investments for those securities having an excess of cost over value and the net unrealized appreciation (depreciation) from investments were as follows:
Fund | Identified Cost | Gross Unrealized Appreciation | Gross Unrealized Depreciation | Net Unrealized Appreciation/ (Depreciation) | |||||||||||||||
Large Cap Growth | $ | 48,409,865 | $ | 3,461,989 | $ | (991,485 | ) | $ | 2,470,504 | ||||||||||
Mid-Cap Core | 94,205,405 | 7,843,630 | (13,083,724 | ) | (5,240,094 | ) |
At October 31, 2009, accumulated undistributed net investment income, accumulated net realized gain (loss) on investments and paid-in capital have been adjusted for current period permanent book/tax differences which arose principally from differing book/tax treatments of foreign currency transactions, partnership investments, expiration of capital loss carryforwards, Fair Fund distributions and real estate investment trusts. Net assets were not affected by these reclassifications.
Fund | Paid-In Capital | Undistributed Net Investment Income/(Loss) | Accumulated Net Realized Gain/(Loss) on Investment | ||||||||||||
Large Cap Growth | $ | (64,656,381 | ) | $ | (2,478 | ) | $ | 64,658,859 | |||||||
Mid-Cap Core | (79,854,302 | ) | 316,721 | 79,537,581 |
71
Credit Suisse Funds
Notes to Financial Statements (continued)
October 31, 2009
Note 8. Contingencies
In the normal course of business, the Funds may provide general indemnifications pursuant to certain contracts and organizational documents. The Funds' maximum exposure under these arrangements is dependent on future claims that may be made against the Funds and, therefore, cannot be estimated; however, based on experience, the risk of loss from such claims is considered remote.
Note 9. Subsequent Events
Effective October 31, 2009, each Fund adopted the FASB amendments to general standards on accounting for and disclosures of subsequent events. Management has evaluated the possibility of subsequent events existing in the Funds' financial statements through December 23, 2009. Management has determined that there are no material events that would require disclosure in the Funds' financial statements through this date.
72
Credit Suisse Funds
Report of Independent Registered Public Accounting Firm
To the Board of Directors/Trustees and Shareholders of
Credit Suisse Large Cap Growth Fund and
Credit Suisse Mid-Cap Core Fund:
In our opinion, the accompanying statements of assets and liabilities, including the schedules of investments, and the related statements of operations and of changes in net assets and the financial highlights present fairly, in all material respects, the financial position of Credit Suisse Large Cap Growth Fund and Credit Suisse Mid-Cap Core Fund (collectively the "Funds") at October 31, 2009, the results of their operations for the year then ended and the changes in each of their net assets and the financial highlights for the periods presented, in conformity with accounting principles generally accepted in the United States of America. These financial statements and financial highlights (hereafter referred to as "financial statements") are the responsibility of the Funds' management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits of these financial statements in accor dance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits, which included confirmation of securities at October 31, 2009 by correspondence with the custodian and brokers, provide a reasonable basis for our opinion.
PricewaterhouseCoopers LLP
Boston, Massachusetts
December 23, 2009
73
Credit Suisse Funds
Information Concerning Directors/Trustees and Officers (unaudited)
Name, Address (Year of Birth) | Position(s) Held with Fund | Term of Office1 and Length of Time Served | Principal Occupation(s) During Past Five Years | Number of Portfolios in Fund Complex Overseen by Director/ Trustee | Other Directorships Held by Director/ Trustee | ||||||||||||||||||
Independent Directors/ Trustees | |||||||||||||||||||||||
Enrique Arzac c/o Credit Suisse Asset Management, LLC Attn: General Counsel Eleven Madison Avenue New York, New York 10010 (1941) | Director/ Trustee, Audit Committee Chairman and Nominating Committee Member | Since 2005 | Professor of Finance and Economics, Graduate School of Business, Columbia University since 1971. | 13 | Director of Epoch Holding Corporation (an investment management and investment advisory services company); Director of The Adams Express Company, Petroleum and Resources Corporation, The Chile Fund, Inc., The Indonesia Fund, Inc., The First Israel Fund, Inc., The Latin America Equity Fund, Inc. and The Emerging Markets Telecommunications Fund, Inc. (each a closed-end investment company). | ||||||||||||||||||
Jeffrey E. Garten2 Box 208200 New Haven, Connecticut 06520-8200 (1946) | Director/ Trustee, Audit and Nominating Committee Member | Since 1998 | The Juan Trippe Professor in the Practice of International Trade, Finance and Business from July 2005 to present; Partner and Chairman of Garten Rothkopf (consulting firm) from October 2005 to present; Dean of Yale School of Management from November 1995 to June 2005. | 11 | Director of Aetna, Inc. (insurance company); Director of CarMax Group (used car dealers). | ||||||||||||||||||
1 Each Director/Trustee and Officer serves until his or her respective successor has been duly elected and qualified.
2 Mr. Garten was initially appointed as a Director/Trustee of the Fund on February 6, 1998. He resigned as Director/Trustee on February 3, 2000 and was subsequently reappointed on December 21, 2000.
74
Credit Suisse Funds
Information Concerning Directors/Trustees and Officers (unaudited) (continued)
Name, Address (Year of Birth) | Position(s) Held with Fund | Term of Office1 and Length of Time Served | Principal Occupation(s) During Past Five Years | Number of Portfolios in Fund Complex Overseen by Director/ Trustee | Other Directorships Held by Director/ Trustee | ||||||||||||||||||
Independent Directors/ Trustees | |||||||||||||||||||||||
Peter F. Krogh SFS/ICC 702 Georgetown University Washington, DC 20057 (1937) | Director/ Trustee, Audit and Nominating Committee Member | Since 2001 | Dean Emeritus and Distinguished Professor of International Affairs at the Edmund A. Walsh School of Foreign Service, Georgetown University from June 1995 to present. | 11 | Director of Carlisle Companies Incorporated (diversified manufacturing company). | ||||||||||||||||||
Steven N. Rappaport Lehigh Court, LLC 555 Madison Avenue 29th Floor New York, New York 10022 (1948) | Chairman of the Board of Directors/ Trustees, Audit Committee Member and Nominating Committee Chairman | Director/ Trustee since 1999 and Chairman since 2005 | Partner of Lehigh Court, LLC and RZ Capital (private investment firms) from July 2002 to present. | 13 | Director of iCAD, Inc. (surgical and medical instruments and apparatus company); Director of Presstek, Inc. (digital imaging technologies company); Director of Wood Resources, LLC. (plywood manufacturing company); Director of The Chile Fund, Inc., The Indonesia Fund, Inc., The First Israel Fund, Inc., The Latin America Equity Fund, Inc. and The Emerging Markets Telecommunications Fund, Inc. (each a closed-end investment company). | ||||||||||||||||||
75
Credit Suisse Funds
Information Concerning Directors/Trustees and Officers (unaudited) (continued)
Name, Address (Year of Birth) | Position(s) Held with Fund | Term of Office1 and Length of Time Served | Principal Occupation(s) During Past Five Years | ||||||||||||
Officers** | |||||||||||||||
George R. Hornig Credit Suisse Asset Management, LLC Eleven Madison Avenue New York, New York 10010 (1954) | Chief Executive Officer and President | Since 2008 | Managing Director of Credit Suisse; Co-Chief Operating Officer of Asset Management and Head of Asset Management Americas; Associated with Credit Suisse since 1999; Officer of other Credit Suisse Funds. | ||||||||||||
Michael A. Pignataro Credit Suisse Asset Management, LLC Eleven Madison Avenue New York, New York 10010 (1959) | Chief Financial Officer | Since 1999 | Director and Director of Fund Administration of Credit Suisse; Associated with Credit Suisse or its predecessor since 1984; Officer of other Credit Suisse Funds. | ||||||||||||
Emidio Morizio Credit Suisse Asset Management, LLC Eleven Madison Avenue New York, New York 10010 (1966) | Chief Compliance Officer | Since 2004 | Director and Global Head of Compliance of Credit Suisse; Associated with Credit Suisse since July 2000; Officer of other Credit Suisse Funds. | ||||||||||||
J. Kevin Gao Credit Suisse Asset Management, LLC Eleven Madison Avenue New York, New York 10010 (1967) | Chief Legal Officer since 2006, Vice President and Secretary since 2004 | Since 2004 | Director and Legal Counsel of Credit Suisse; Associated with Credit Suisse since July 2003; Officer of other Credit Suisse Funds. | ||||||||||||
Cecilia Chau Credit Suisse Asset Management, LLC Eleven Madison Avenue New York, New York 10010 (1973) | Treasurer | Since 2008 | Vice President of Credit Suisse since 2009; Assistant Vice President of Credit Suisse from June 2007 to December 2008; Associated with Alliance Bernstein L.P. from January 2007 to May 2007; Associated with Credit Suisse from August 2000 to December 2006; Officer of other Credit Suisse Funds. | ||||||||||||
** The officers of the Fund shown are officers that make policy decisions.
The Statement of Additional Information includes additional information about the Directors/Trustees and is available, without charge, upon request, by calling 877-870-2874.
76
Credit Suisse Funds
Proxy Voting and Portfolio Holdings Information (unaudited)
Information regarding how each Fund voted proxies related to its portfolio securities during the 12 month period ended June 30 of each year, as well as the policies and procedures that each Fund uses to determine how to vote proxies relating to its portfolio securities are available:
• By calling 1-877-870-2874
• On the Funds' website, www.credit-suisse.com/us
• On the website of the Securities and Exchange Commission, www.sec.gov.
Each Fund files a complete schedule of its portfolio holdings for the first and third quarters of its fiscal year with the SEC on Form N-Q. The Funds' Forms N-Q are available on the SEC's website at www.sec.gov and may be reviewed and copied at the SEC's Public Reference Room in Washington, DC. Information on the operation of the SEC's Public Reference Room may be obtained by calling 1-202-551-8090.
77
Credit Suisse Funds
Tax Information Letter
October 31, 2009 (unaudited)
Important Tax Information for Corporate Shareholders
Corporate shareholders should note for the year ended October 31, 2009, the percentage of the Fund's investment income (i.e., net investment income plus short-term capital gains) that qualified for the intercorporate dividends received deduction is 100% for the Large Cap Growth Fund and 100% for the Mid-Cap Core Fund.
Important Tax Information for Shareholders
For the fiscal year ended October 31, 2009, the Large Cap Growth Fund and the Mid-Cap Core Fund designate approximately $217,185 and $901,906, respectively, or up to the maximum amount of such dividends allowable pursuant to the Internal Revenue Code, as qualified dividend income eligible for reduced tax rates. These lower rates range from 5% to 15% depending on an individual's tax bracket. If the Fund pays a distribution during the calendar year 2009, complete information will be reported in conjunction with Form 1099-DIV.
78
This page intentionally left blank
This page intentionally left blank
P.O. BOX 55030, BOSTON, MA 02205-5030
877-870-2874 n www.credit-suisse.com/us
CREDIT SUISSE ASSET MANAGEMENT SECURITIES, INC., DISTRIBUTOR. USEQGTH-AR-1009
Item 2. Code of Ethics.
The registrant has adopted a code of ethics applicable to its Chief Executive Officer, President, Chief Financial Officer and Chief Accounting Officer, or persons performing similar functions. A copy of the code is filed as Exhibit 12(a)(1) to this Form. There were no amendments to the code during the fiscal year ended October 31, 2009. There were no waivers or implicit waivers from the code granted by the registrant during the fiscal year ended October 31, 2009.
Item 3. Audit Committee Financial Expert.
The registrant’s governing board has determined that it has two audit committee financial experts serving on its audit committee: Enrique R. Arzac and Steven N. Rappaport. Each audit committee financial expert is “independent” for purposes of this item.
Item 4. Principal Accountant Fees and Services.
(a) through (d). The information in the table below is provided for services rendered to the registrant by its independent registered public accounting firm, PricewaterhouseCoopers LLP (“PwC”), for its fiscal years ended October 31, 2008 and October 31, 2009.
|
| 2008 |
| 2009 |
| ||
Audit Fees |
| $ | 20,000 |
| $ | 20,000 |
|
Audit-Related Fees(1) |
| $ | 3,400 |
| $ | 3,400 |
|
Tax Fees(2) |
| $ | 3,400 |
| $ | 2,800 |
|
All Other Fees |
| — |
| — |
| ||
Total |
| $ | 26,800 |
| $ | 26,200 |
|
(1) Services include agreed-upon procedures in connection with the registrant’s semi-annual financial statements ($3,400 for 2008 and $3,400 for 2009).
(2) Tax services in connection with the registrant’s excise tax calculations and review of the registrant’s applicable tax returns.
The information in the table below is provided with respect to non-audit services that directly relate to the registrant’s operations and financial reporting and that were rendered by PwC to the registrant’s
investment adviser, Credit Suisse Asset Management, LLC (“Credit Suisse”), and any service provider to the registrant controlling, controlled by or under common control with Credit Suisse that provided ongoing services to the registrant (“Covered Services Provider”), for the registrant’s fiscal years ended October 31, 2008 and October 31, 2009.
|
| 2008 |
| 2009 |
|
Audit-Related Fees |
| N/A |
| N/A |
|
Tax Fees |
| N/A |
| N/A |
|
All Other Fees |
| N/A |
| N/A |
|
Total |
| N/A |
| N/A |
|
(e)(1) Pre-Approval Policies and Procedures. The Audit Committee (“Committee”) of the registrant is responsible for pre-approving (i) all audit and permissible non-audit services to be provided by the independent registered public accounting firm to the registrant and (ii) all permissible non-audit services to be provided by the independent registered public accounting firm to Credit Suisse and any Covered Services Provider if the engagement relates directly to the operations and financial reporting of the registrant. The Committee may delegate its responsibility to pre-approve any such audit and permissible non-audit services to the Chairperson of the Committee, and the Chairperson shall report to the Committee, at its next regularly scheduled meeting after the Chairperson’s pre-approval of such services, his or her decision(s). The Committee may also establish detailed pre-approval policies and procedures for pre-approval of such services in accordance with applicable laws, including the delegation of some or all of the Committee’s pre-approval responsibilities to other persons (other than Credit Suisse or the registrant’s officers). Pre-approval by the Committee of any permissible non-audit services shall not be required so long as: (i) the aggregate amount of all such permissible non-audit services provided to the registrant, Credit Suisse and any Covered Services Provider constitutes not more than 5% of the total amount of revenues paid by the registrant to its independent registered public accounting firm during the fiscal year in which the permissible non-audit services are provided; (ii) the permissible non-audit services were not recognized by the registrant at the time of the engagement to be non-audit services; and (iii) such services are promptly brought to the attention of the Committee and approved by the Committee (or its delegate(s)) prior to the completion of the audit.
(e)(2) The information in the table below sets forth the percentages of fees for services (other than audit, review or attest services) rendered by PwC to the registrant for which the pre-approval requirement was waived pursuant to Rule 2-01(c)(7)(i)(C) of Regulation S-X:
|
| 2008 |
| 2009 |
|
Audit-Related Fees |
| N/A |
| N/A |
|
Tax Fees |
| N/A |
| N/A |
|
All Other Fees |
| N/A |
| N/A |
|
Total |
| N/A |
| N/A |
|
The information in the table below sets forth the percentages of fees for services (other than audit, review or attest services) rendered by PwC to Credit Suisse and any Covered Services Provider required to be approved pursuant to Rule 2-01(c)(7)(ii) of Regulation S-X, for the registrant’s fiscal years ended October 31, 2008 and October 31, 2009:
|
| 2008 |
| 2009 |
|
Audit-Related Fees |
| N/A |
| N/A |
|
Tax Fees |
| N/A |
| N/A |
|
All Other Fees |
| N/A |
| N/A |
|
Total |
| N/A |
| N/A |
|
(f) Not Applicable.
(g) The aggregate fees billed by PwC for non-audit services rendered to the registrant, Credit Suisse and Covered Service Providers for the fiscal years ended October 31, 2008 and October 31, 2009 were $6,800 and $6,200, respectively.
(h) Not Applicable.
Item 5. Audit Committee of Listed Registrants.
Form N-CSR disclosure requirement is not applicable to the registrant.
Item 6. Schedule of Investments.
Included as part of the report to shareholders filed under Item 1 of this Form.
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
Form N-CSR disclosure requirement is not applicable to the registrant.
Item 8. Portfolio Managers of Closed-End Management Investment Companies.
Form N-CSR disclosure requirement is not applicable to the registrant.
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
Form N-CSR disclosure requirement is not applicable to the registrant.
Item 10. Submission of Matters to a Vote of Security Holders.
None
Item 11. Controls and Procedures.
(a) As of a date within 90 days from the filing date of this report, the principal executive officer and principal financial officer concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the “Act”)) were effective based on their evaluation of the disclosure controls and procedures required by Rule 30a-3(b) under the Act and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934.
(b) There were no changes in registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the second fiscal quarter of the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.
Item 12. Exhibits.
(a)(1) Registrant’s Code of Ethics is an exhibit to this report.
(a)(2) The certifications of the registrant as required by Rule 30a-2(a) under the Act are exhibits to this report.
(a)(3) Not applicable.
(b) The certifications of the registrant as required by Rule 30a-2(b) under the Act are an exhibit to this report.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| CREDIT SUISSE LARGE CAP GROWTH FUND |
| |
|
|
| |
| /s/ George R. Hornig |
| |
| Name: | George R. Hornig |
|
| Title: | Chief Executive Officer |
|
| Date: | January 4, 2010 |
|
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
| /s/ George R. Hornig |
| |
| Name: | George R. Hornig |
|
| Title: | Chief Executive Officer |
|
| Date: | January 4, 2010 |
|
|
|
| |
| /s/ Michael A. Pignataro |
| |
| Name: | Michael A. Pignataro |
|
| Title: | Chief Financial Officer |
|
| Date: | January 4, 2010 |
|