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 | |||||||
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CREDIT SUISSE LARGE CAP GROWTH FUND | ||||||||
(Exact name of registrant as specified in charter) | ||||||||
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Eleven Madison Avenue, New York, New York |
| 10010 | ||||||
(Address of principal executive offices) |
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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) | ||||||||
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Registrant’s telephone number, including area code: | (212) 325-2000 |
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Date of fiscal year end: | October 31 |
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Date of reporting period: | November 1, 2009 to April 30, 2010 |
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Item 1. Reports to Stockholders.
CREDIT SUISSE FUNDS
Semiannual Report
April 30, 2010
(unaudited)
n CREDIT SUISSE
LARGE CAP GROWTH FUND
n CREDIT SUISSE
MID-CAP CORE FUND
The Funds' investment objectives, risks, charges and expenses (which should be considered carefully before investing), and more complete information about the Funds, are provided in the Prospectus, which should be read carefully before investing. You may obtain additional copies by calling 877-870-2874 or by writing to Credit Suisse Funds, P.O. Box 55030, Boston, MA 02205-5030.
Credit Suisse Asset Management Securities, Inc., Distributor, is located at Eleven Madison Avenue, New York, NY 10010. Credit Suisse Funds are advised by Credit Suisse Asset Management, LLC.
Investors in the Credit Suisse Funds should be aware that they may be eligible to purchase Common Class and/or Advisor Class shares (where offered) directly or through certain intermediaries. Such shares are not subject to a sales charge but may be subject to an ongoing service and distribution fee of up to 0.50% of average daily net assets. Investors in the Credit Suisse Funds should also be aware that they may be eligible for a reduction or waiver of the sales charge with respect to Class A, B or C shares (where offered). For more information, please review the relevant prospectuses or consult your financial representative.
The views of the Funds' management are as of the date of the letter and the Fund holdings described in this document are as of April 30, 2010; these views and Fund holdings may have changed subsequent to these dates. Nothing in this document is a recommendation to purchase or sell securities.
Fund shares are not deposits or other obligations of Credit Suisse Asset Management, LLC ("Credit Suisse") or any affiliate, are not FDIC-insured and are not guaranteed by Credit Suisse or any affiliate. Fund investments are subject to investment risks, including loss of your investment.
Credit Suisse Large Cap Growth Fund
Semiannual Investment Adviser's Report
April 30, 2010 (unaudited)
May 12, 2010
Dear Shareholder:
Performance Summary
11/01/09 – 04/30/10
Fund and Benchmark | Performance | ||||||
Common Class1 | 19.21 | % | |||||
Advisor Class1 | 18.88 | % | |||||
Class A1,2 | 19.01 | % | |||||
Class B1,2 | 18.55 | % | |||||
Class C1,2 | 18.62 | % | |||||
Russell 1000 Growth Index3 | 15.79 | % |
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: A positive period
For the six-month period ended April 30, 2010, the markets generally posted positive results. The S&P 500 Total Return Index gained 15.66% and the Dow Jones Industrial Average increased 14.87%. U.S. large cap growth stocks also performed well, with the Russell 1000 Growth Index gaining 15.79%. The historically low interest rates set by the U.S. Federal Reserve in 2008 remained unchanged during the period. Consumer confidence improved during the six-month period (up to 57.7 from 47.7 in October 2009 as measured by the Consumer Confidence Index). The labor market strengthened with non-farm payrolls growing by 162,000 jobs in March and household unemployment decreasing to 9.7%.
Strategic Review and Outlook: A return to fundamentals
For the six-month period ended April 30, 2010, the Fund outperformed its benchmark. The greatest contributors to performance were the Fund's holdings in the consumer staples and materials sectors. The Fund's overweight positions in the consumer discretionary and information technology sectors detracted from performance as a result of poor stock selection. The Fund's underweight positions in the industrials sector also detracted from performance due to stock picks and sector weighting.
The past six months provided a difficult environment for individual stock picks due to market volatility, although the change from a bear to a bull market provided a good environment for taking directional bets. We believe, however, that volatility gradually will become less important as investors begin to focus
1
Credit Suisse Large Cap Growth Fund
Semiannual Investment Adviser's Report (continued)
April 30, 2010 (unaudited)
more on underlying fundamentals of companies. We also believe that a focus on balance sheet and earnings quality will be positively rewarded in 2010.
Credit Suisse Quantitative Equities Group
Mika Toikka
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.
Average Annual Returns as of March 31, 20101
1 Year | 5 Years | 10 Years | Since Inception | Inception Date | |||||||||||||||||||
Common Class | 57.33 | % | 2.28 | % | (4.72 | )% | 7.62 | % | 08/17/87 | ||||||||||||||
Advisor Class | 56.46 | % | 1.77 | % | (5.20 | )% | 6.93 | % | 04/04/91 | ||||||||||||||
Class A Without Sales Charge | 56.87 | % | 2.02 | % | — | (0.39 | )% | 11/30/01 | |||||||||||||||
Class A With Maximum Sales Charge | 47.91 | % | 0.82 | % | — | (1.09 | )% | 11/30/01 | |||||||||||||||
Class B Without CDSC | 55.75 | % | 1.25 | % | — | (1.13 | )% | 11/30/01 | |||||||||||||||
Class B With CDSC | 51.75 | % | 1.25 | % | — | (1.13 | )% | 11/30/01 | |||||||||||||||
Class C Without CDSC | 55.75 | % | 1.27 | % | — | (1.13 | )% | 11/30/01 | |||||||||||||||
Class C With CDSC | 54.75 | % | 1.27 | % | — | (1.13 | )% | 11/30/01 |
2
Credit Suisse Large Cap Growth Fund
Semiannual Investment Adviser's Report (continued)
April 30, 2010 (unaudited)
Average Annual Returns as of April 30, 20101
1 Year | 5 Years | 10 Years | Since Inception | Inception Date | |||||||||||||||||||
Common Class | 42.27 | % | 2.62 | % | (3.89 | )% | 7.59 | % | 08/17/87 | ||||||||||||||
Advisor Class | 41.60 | % | 2.11 | % | (4.37 | )% | 6.89 | % | 04/04/91 | ||||||||||||||
Class A Without Sales Charge | 41.85 | % | 2.37 | % | — | (0.40 | )% | 11/30/01 | |||||||||||||||
Class A With Maximum Sales Charge | 33.74 | % | 1.16 | % | — | (1.09 | )% | 11/30/01 | |||||||||||||||
Class B Without CDSC | 40.84 | % | 1.59 | % | — | (1.14 | )% | 11/30/01 | |||||||||||||||
Class B With CDSC | 36.84 | % | 1.59 | % | — | (1.14 | )% | 11/30/01 | |||||||||||||||
Class C Without CDSC | 40.93 | % | 1.61 | % | — | (1.13 | )% | 11/30/01 | |||||||||||||||
Class C With CDSC | 39.93 | % | 1.61 | % | — | (1.13 | )% | 11/30/01 |
Returns represent past performance and include change in share price and reinvestment of dividends and capital gains. Past performance cannot guarantee future results. The current performance of the Fund may be lower or higher than the figures shown. Returns and share price will fluctuate, and redemption value may be more or less than original cost. The performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Performance information current to the most recent month-end is available at www.credit-suisse.com/us.
The annualized gross expense ratios are 1.58% for Common Class shares, 2.08% for Advisor Class shares, 1.83% for Class A shares, 2.58% for Class B shares and 2.58% 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 12.14%. 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 14.55%. 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 17.62%.
3 The Russell 1000® Growth Index measures the performance of those companies in the Russell 1000® Index with higher price-to-book ratios and higher forecasted growth values. It is an unmanaged index of common stocks that includes reinvestment of dividends and is compiled by Frank Russell Company. Investors cannot invest directly in an index.
3
Credit Suisse Large Cap Growth Fund
Semiannual Investment Adviser's Report (continued)
April 30, 2010 (unaudited)
Information About Your Fund's Expenses
As an investor of the Fund, you incur two types of costs: ongoing expenses and transaction costs. Ongoing expenses include management fees, distribution and service (12b-1) fees and other Fund expenses. Examples of transaction costs include sales charges (loads), redemption fees and account maintenance fees, which are not shown in this section and which would result in higher total expenses. The following table is intended to help you understand your ongoing expenses of investing in the Fund and to help you compare these expenses with the ongoing expenses of investing in other mutual funds. The table is based on an investment of $1,000 made at the beginning of the six month period ended April 30, 2010.
The table illustrates your Fund's expenses in two ways:
• Actual Fund Return. This helps you estimate the actual dollar amount of ongoing expenses paid on a $1,000 investment in the Fund using the Fund's actual return during the period. To estimate the expenses you paid over the period, simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the "Expenses Paid per $1,000" line under the share class you hold.
• Hypothetical 5% Fund Return. This helps you to compare your Fund's ongoing expenses with those of other mutual funds using the Fund's actual expense ratio and a hypothetical rate of return of 5% per year before expenses. Examples using a 5% hypothetical fund return may be found in the shareholder reports of other mutual funds. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period.
Please note that the expenses shown in these tables are meant to highlight your ongoing expenses only and do not reflect any transaction costs, such as sales charges (loads) or redemption fees. If these transaction costs had been included, your costs would have been higher. The "Expenses Paid per $1,000" line of the tables is useful in comparing ongoing expenses only and will not help you determine the relative total expenses of owning different funds.
4
Credit Suisse Large Cap Growth Fund
Semiannual Investment Adviser's Report (continued)
April 30, 2010 (unaudited)
Expenses and Value for a $1,000 Investment
for the six month period ended April 30, 2010
Actual Fund Return | Common Class | Advisor Class | Class A | Class B | Class C | ||||||||||||||||||
Beginning Account Value 11/1/09 | $ | 1,000.00 | $ | 1,000.00 | $ | 1,000.00 | $ | 1,000.00 | $ | 1,000.00 | |||||||||||||
Ending Account Value 4/30/10 | $ | 1,192.10 | $ | 1,188.80 | $ | 1,190.10 | $ | 1,185.50 | $ | 1,186.20 | |||||||||||||
Expenses Paid per $1,000* | $ | 6.79 | $ | 9.50 | $ | 8.15 | $ | 12.19 | $ | 12.20 | |||||||||||||
Hypothetical 5% Fund Return | |||||||||||||||||||||||
Beginning Account Value 11/1/09 | $ | 1,000.00 | $ | 1,000.00 | $ | 1,000.00 | $ | 1,000.00 | $ | 1,000.00 | |||||||||||||
Ending Account Value 4/30/10 | $ | 1,018.60 | $ | 1,016.12 | $ | 1,017.36 | $ | 1,013.64 | $ | 1,013.64 | |||||||||||||
Expenses Paid per $1,000* | $ | 6.26 | $ | 8.75 | $ | 7.50 | $ | 11.23 | $ | 11.23 | |||||||||||||
Common Class | Advisor Class | Class A | Class B | Class C | |||||||||||||||||||
Annualized Expense Ratios* | 1.25 | % | 1.75 | % | 1.50 | % | 2.25 | % | 2.25 | % |
* Expenses are equal to the Fund's annualized expense ratio for each share class, multiplied by the average account value over the period, multiplied by the number of days in the most recent fiscal half year period, then divided by 365.
The "Expenses Paid per $1,000" and the "Annualized Expense Ratios" in the tables are based on actual expenses paid by the Fund during the period, net of fee waivers and/or expense reimbursements. If those fee waivers and/or expense reimbursements had not been in effect, the Fund's actual expenses would have been higher.
For more information, please refer to the Fund's prospectus.
5
Credit Suisse Large Cap Growth Fund
Semiannual Investment Adviser's Report (continued)
April 30, 2010 (unaudited)
SECTOR BREAKDOWN*
* Expressed as a percentage of total investments (excluding securities lending collateral if applicable) and may vary over time.
6
Credit Suisse Mid-Cap Core Fund
Semiannual Investment Adviser's Report
April 30, 2010 (unaudited)
May 12, 2010
Dear Shareholder:
Performance Summary
11/01/09 – 04/30/10
Fund and Benchmark | Performance | ||||||
Common Class1 | 23.37 | % | |||||
Advisor Class1 | 23.03 | % | |||||
Class A1,2 | 23.22 | % | |||||
Class B1,2 | 22.74 | % | |||||
Class C1,2 | 22.81 | % | |||||
Standard & Poor's MidCap 400 Index3 | 25.78 | % |
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: A positive period
For the six-month period ended April 30, 2010, the markets generally posted positive results. The S&P 500 Total Return Index gained 15.66% and the Dow Jones Industrial Average increased 14.87%. U.S. mid-cap stocks demonstrated even stronger performance, with the S&P MidCap 400 Index gaining 25.78%. The historically low interest rates set by the U.S. Federal Reserve in 2008 remained unchanged during the period. Consumer confidence improved during the six-month period (up to 57.7 from 47.7 in October 2009 as measured by the Consumer Confidence Index). The labor market strengthened with non-farm payrolls growing by 162,000 jobs in March and household unemployment decreasing to 9.7%.
Strategic Review and Outlook: A return to fundamentals
For the six-month period ended April 30, 2010, the Fund underperformed its benchmark. Information technology, in which the Fund held a significant overweight position, detracted from performance as a result of poor stock and sector allocation. Financials and utilities were the Fund's greatest underweights, with both sectors detracting from performance as a result of poor stock selection. Utilities and financials also detracted from performance as a result of weak stock and sector selection. Consumer discretionary holdings, also among the Fund's largest overweight positions, contributed to performance due to both stock selection and sector weighting. Healthcare and consumer staples were the top contributors to performance due to stock selection.
7
Credit Suisse Mid-Cap Core Fund
Semiannual Investment Adviser's Report (continued)
April 30, 2010 (unaudited)
The past six months provided a difficult environment for individual stock picks due to market volatility, although the change from a bear to a bull market provided a good environment for taking directional bets. We believe, however, that volatility gradually will become less important as investors begin to focus more on underlying fundamentals of companies. We also believe that a focus on balance sheet and earnings quality will be positively rewarded in 2010.
Credit Suisse Quantitative Equities Group
Mika Toikka
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.
Average Annual Returns as of March 31, 20101
1 Year | 5 Years | 10 Years | Since Inception | Inception Date | |||||||||||||||||||
Common Class | 61.42 | % | 2.52 | % | (2.81 | )% | 8.78 | % | 01/21/88 | ||||||||||||||
Advisor Class | 60.59 | % | 2.01 | % | (3.30 | )% | 7.01 | % | 04/04/91 | ||||||||||||||
Class A Without Sales Charge | 61.05 | % | 2.28 | % | — | 3.22 | % | 11/30/01 | |||||||||||||||
Class A With Maximum Sales Charge | 51.81 | % | 1.08 | % | — | 2.49 | % | 11/30/01 | |||||||||||||||
Class B Without CDSC | 59.85 | % | 1.51 | % | — | 1.70 | % | 02/27/04 | |||||||||||||||
Class B With CDSC | 55.85 | % | 1.51 | % | — | 1.70 | % | 02/27/04 | |||||||||||||||
Class C Without CDSC | 60.28 | % | 1.56 | % | — | 1.74 | % | 02/27/04 | |||||||||||||||
Class C With CDSC | 59.28 | % | 1.56 | % | — | 1.74 | % | 02/27/04 |
8
Credit Suisse Mid-Cap Core Fund
Semiannual Investment Adviser's Report (continued)
April 30, 2010 (unaudited)
Average Annual Returns as of April 30, 20101
1 Year | 5 Years | 10 Years | Since Inception | Inception Date | |||||||||||||||||||
Common Class | 44.80 | % | 3.86 | % | (1.48 | )% | 8.87 | % | 01/21/88 | ||||||||||||||
Advisor Class | 44.04 | % | 3.34 | % | (1.97 | )% | 7.12 | % | 04/04/91 | ||||||||||||||
Class A Without Sales Charge | 44.44 | % | 3.62 | % | — | 3.51 | % | 11/30/01 | |||||||||||||||
Class A With Maximum Sales Charge | 36.11 | % | 2.40 | % | — | 2.79 | % | 11/30/01 | |||||||||||||||
Class B Without CDSC | 43.29 | % | 2.82 | % | — | 2.09 | % | 02/27/04 | |||||||||||||||
Class B With CDSC | 39.29 | % | 2.82 | % | — | 2.09 | % | 02/27/04 | |||||||||||||||
Class C Without CDSC | 43.45 | % | 2.88 | % | — | 2.13 | % | 02/27/04 | |||||||||||||||
Class C With CDSC | 42.45 | % | 2.88 | % | — | 2.13 | % | 02/27/04 |
Returns represent past performance and include change in share price and reinvestment of dividends and capital gains. Past performance cannot guarantee future results. The current performance of the Fund may be lower or higher than the figures shown. Returns and share price will fluctuate, and redemption value may be more or less than original cost. The performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. Performance information current to the most recent month-end is available at www.credit-suisse.com/us.
The annualized gross expense ratios are 1.60% for Common Class shares, 2.10% for Advisor Class shares, 1.85% for Class A shares, 2.60% for Class B shares and 2.53% 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 16.12%. 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 18.74%. 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 21.81%.
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 The McGraw-Hill Co., Inc. Investors cannot invest directly in an index.
9
Credit Suisse Mid-Cap Core Fund
Semiannual Investment Adviser's Report (continued)
April 30, 2010 (unaudited)
Information About Your Fund's Expenses
As an investor of the Fund, you incur two types of costs: ongoing expenses and transaction costs. Ongoing expenses include management fees, distribution and service (12b-1) fees and other Fund expenses. Examples of transaction costs include sales charges (loads), redemption fees and account maintenance fees, which are not shown in this section and which would result in higher total expenses. The following table is intended to help you understand your ongoing expenses of investing in the Fund and to help you compare these expenses with the ongoing expenses of investing in other mutual funds. The table is based on an investment of $1,000 made at the beginning of the six month period ended April 30, 2010.
The table illustrates your Fund's expenses in two ways:
• Actual Fund Return. This helps you estimate the actual dollar amount of ongoing expenses paid on a $1,000 investment in the Fund using the Fund's actual return during the period. To estimate the expenses you paid over the period, simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the "Expenses Paid per $1,000" line under the share class you hold.
• Hypothetical 5% Fund Return. This helps you to compare your Fund's ongoing expenses with those of other mutual funds using the Fund's actual expense ratio and a hypothetical rate of return of 5% per year before expenses. Examples using a 5% hypothetical fund return may be found in the shareholder reports of other mutual funds. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period.
Please note that the expenses shown in these tables are meant to highlight your ongoing expenses only and do not reflect any transaction costs, such as sales charges (loads) or redemption fees. If these transaction costs had been included, your costs would have been higher. The "Expenses Paid per $1,000" line of the tables is useful in comparing ongoing expenses only and will not help you determine the relative total expenses of owning different funds.
10
Credit Suisse Mid-Cap Core Fund
Semiannual Investment Adviser's Report (continued)
April 30, 2010 (unaudited)
Expenses and Value for a $1,000 Investment
for the six month period ended April 30, 2010
Actual Fund Return | Common Class | Advisor Class | Class A | Class B | Class C | ||||||||||||||||||
Beginning Account Value 11/1/09 | $ | 1,000.00 | $ | 1,000.00 | $ | 1,000.00 | $ | 1,000.00 | $ | 1,000.00 | |||||||||||||
Ending Account Value 4/30/10 | $ | 1,233.70 | $ | 1,230.30 | $ | 1,232.20 | $ | 1,227.40 | $ | 1,228.10 | |||||||||||||
Expenses Paid per $1,000* | $ | 8.03 | $ | 10.78 | $ | 9.41 | $ | 13.53 | $ | 13.53 | |||||||||||||
Hypothetical 5% Fund Return | |||||||||||||||||||||||
Beginning Account Value 11/1/09 | $ | 1,000.00 | $ | 1,000.00 | $ | 1,000.00 | $ | 1,000.00 | $ | 1,000.00 | |||||||||||||
Ending Account Value 4/30/10 | $ | 1,017.60 | $ | 1,015.12 | $ | 1,016.36 | $ | 1,012.65 | $ | 1,012.65 | |||||||||||||
Expenses Paid per $1,000* | $ | 7.25 | $ | 9.74 | $ | 8.50 | $ | 12.23 | $ | 12.23 | |||||||||||||
Common Class | Advisor Class | Class A | Class B | Class C | |||||||||||||||||||
Annualized Expense Ratios* | 1.45 | % | 1.95 | % | 1.70 | % | 2.45 | % | 2.45 | % |
* Expenses are equal to the Fund's annualized expense ratio for each share class, multiplied by the average account value over the period, multiplied by the number of days in the most recent fiscal half year period, then divided by 365.
The "Expenses Paid per $1,000" and the "Annualized Expense Ratios" in the tables are based on actual expenses paid by the Fund during the period, net of fee waivers and/or expense reimbursements. If those fee waivers and/or expense reimbursements had not been in effect, the Fund's actual expenses would have been higher.
For more information, please refer to the Fund's prospectus.
11
Credit Suisse Mid-Cap Core Fund
Semiannual Investment Adviser's Report (continued)
April 30, 2010 (unaudited)
SECTOR BREAKDOWN*
* Expressed as a percentage of total investments (excluding securities lending collateral if applicable) and may vary over time.
12
Credit Suisse Large Cap Growth Fund
Schedule of Investments
April 30, 2010 (unaudited)
Number of Shares | Value | ||||||||||
COMMON STOCKS (98.8%) | |||||||||||
Aerospace & Defense (1.7%) | |||||||||||
Alliant Techsystems, Inc.*§ | 300 | $ | 24,273 | ||||||||
General Dynamics Corp. | 200 | 15,272 | |||||||||
Goodrich Corp. | 200 | 14,836 | |||||||||
Honeywell International, Inc. | 2,000 | 94,940 | |||||||||
ITT Corp. | 400 | 22,228 | |||||||||
Lockheed Martin Corp. | 1,000 | 84,890 | |||||||||
Northrop Grumman Corp. | 200 | 13,566 | |||||||||
Precision Castparts Corp. | 400 | 51,336 | |||||||||
Raytheon Co. | 1,000 | 58,300 | |||||||||
Rockwell Collins, Inc.§ | 300 | 19,500 | |||||||||
The Boeing Co. | 5,200 | 376,636 | |||||||||
United Technologies Corp. | 2,300 | 172,385 | |||||||||
948,162 | |||||||||||
Air Freight & Logistics (0.4%) | |||||||||||
CH Robinson Worldwide, Inc.§ | 600 | 36,180 | |||||||||
Expeditors International of Washington, Inc. | 400 | 16,296 | |||||||||
FedEx Corp. | 100 | 9,001 | |||||||||
United Parcel Service, Inc. Class B | 1,800 | 124,452 | |||||||||
UTi Worldwide, Inc. | 1,000 | 15,850 | |||||||||
201,779 | |||||||||||
Airlines (0.8%) | |||||||||||
Alaska Air Group, Inc.* | 3,000 | 124,230 | |||||||||
AMR Corp.*§ | 700 | 5,166 | |||||||||
Continental Airlines, Inc. Class B*§ | 200 | 4,470 | |||||||||
Copa Holdings SA Class A | 300 | 17,004 | |||||||||
Delta Air Lines, Inc.*§ | 24,700 | 298,376 | |||||||||
Southwest Airlines Co. | 300 | 3,954 | |||||||||
453,200 | |||||||||||
Auto Components (1.0%) | |||||||||||
Autoliv, Inc.*§ | 4,987 | 273,038 | |||||||||
BorgWarner, Inc.*§ | 100 | 4,334 | |||||||||
Gentex Corp. | 100 | 2,149 | |||||||||
Johnson Controls, Inc. | 1,000 | 33,590 | |||||||||
The Goodyear Tire & Rubber Co.* | 21,400 | 287,402 | |||||||||
600,513 | |||||||||||
Beverages (2.3%) | |||||||||||
Coca-Cola Enterprises, Inc. | 9,500 | 263,435 | |||||||||
Hansen Natural Corp.* | 300 | 13,224 | |||||||||
PepsiCo, Inc. | 11,655 | 760,139 | |||||||||
The Coca-Cola Co. | 4,700 | 251,215 | |||||||||
1,288,013 |
See Accompanying Notes to Financial Statements.
13
Credit Suisse Large Cap Growth Fund
Schedule of Investments (continued)
April 30, 2010 (unaudited)
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Biotechnology (5.2%) | |||||||||||
Alexion Pharmaceuticals, Inc.* | 100 | $ | 5,488 | ||||||||
Amgen, Inc.* | 11,400 | 653,904 | |||||||||
Amylin Pharmaceuticals, Inc.*§ | 200 | 4,128 | |||||||||
Biogen Idec, Inc.* | 900 | 47,925 | |||||||||
BioMarin Pharmaceutical, Inc.*§ | 100 | 2,337 | |||||||||
Celgene Corp.* | 1,900 | 117,705 | |||||||||
Cephalon, Inc.*§ | 14,400 | 924,480 | |||||||||
Dendreon Corp.*§ | 200 | 10,844 | |||||||||
Genzyme Corp.* | 800 | 42,592 | |||||||||
Gilead Sciences, Inc.* | 27,800 | 1,102,826 | |||||||||
Myriad Genetics, Inc.*§ | 600 | 14,406 | |||||||||
Talecris Biotherapeutics Holdings Corp.*§ | 500 | 9,375 | |||||||||
Vertex Pharmaceuticals, Inc.*§ | 400 | 15,508 | |||||||||
2,951,518 | |||||||||||
Building Products (0.1%) | |||||||||||
Armstrong World Industries, Inc.*§ | 700 | 30,485 | |||||||||
Lennox International, Inc. | 500 | 22,630 | |||||||||
Masco Corp. | 200 | 3,246 | |||||||||
56,361 | |||||||||||
Capital Markets (0.9%) | |||||||||||
Ameriprise Financial, Inc. | 200 | 9,272 | |||||||||
BlackRock, Inc. | 200 | 36,800 | |||||||||
Eaton Vance Corp. | 200 | 7,048 | |||||||||
Federated Investors, Inc. Class B | 2,300 | 55,476 | |||||||||
Franklin Resources, Inc. | 500 | 57,820 | |||||||||
Greenhill & Co., Inc. | 400 | 35,156 | |||||||||
Janus Capital Group, Inc.§ | 100 | 1,408 | |||||||||
Lazard, Ltd. Class A | 700 | 27,062 | |||||||||
Morgan Stanley | 900 | 27,198 | |||||||||
Northern Trust Corp. | 700 | 38,486 | |||||||||
SEI Investments Co. | 100 | 2,246 | |||||||||
State Street Corp. | 800 | 34,800 | |||||||||
T. Rowe Price Group, Inc.§ | 700 | 40,257 | |||||||||
TD Ameritrade Holding Corp.*§ | 700 | 14,014 | |||||||||
The Bank of New York Mellon Corp. | 700 | 21,791 | |||||||||
The Charles Schwab Corp. | 2,600 | 50,154 | |||||||||
The Goldman Sachs Group, Inc. | 400 | 58,080 | |||||||||
Waddell & Reed Financial, Inc. Class A | 300 | 11,136 | |||||||||
528,204 | |||||||||||
Chemicals (4.0%) | |||||||||||
Ashland, Inc. | 14,700 | 875,532 | |||||||||
Celanese Corp. Series A | 800 | 25,592 | |||||||||
CF Industries Holdings, Inc. | 1,500 | 125,505 | |||||||||
E.I. Du Pont de Nemours & Co. | 700 | 27,888 | |||||||||
Eastman Chemical Co. | 130 | 8,699 | |||||||||
Ecolab, Inc. | 700 | 34,188 |
See Accompanying Notes to Financial Statements.
14
Credit Suisse Large Cap Growth Fund
Schedule of Investments (continued)
April 30, 2010 (unaudited)
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Chemicals | |||||||||||
Huntsman Corp. | 9,300 | $ | 106,113 | ||||||||
International Flavors & Fragrances, Inc. | 363 | 18,183 | |||||||||
Lubrizol Corp. | 9,400 | 849,196 | |||||||||
Monsanto Co. | 1,500 | 94,590 | |||||||||
Nalco Holding Co. | 200 | 4,946 | |||||||||
Praxair, Inc. | 700 | 58,639 | |||||||||
RPM International, Inc. | 500 | 11,040 | |||||||||
Sigma-Aldrich Corp. | 200 | 11,860 | |||||||||
The Mosaic Co. | 500 | 25,570 | |||||||||
The Scotts Miracle-Gro Co. Class A | 344 | 16,667 | |||||||||
2,294,208 | |||||||||||
Commercial Banks (1.0%) | |||||||||||
Wells Fargo & Co. | 17,900 | 592,669 | |||||||||
Commercial Services & Supplies (0.1%) | |||||||||||
Iron Mountain, Inc.§ | 200 | 5,030 | |||||||||
R. R. Donnelley & Sons Co. | 400 | 8,596 | |||||||||
Republic Services, Inc. | 100 | 3,103 | |||||||||
Stericycle, Inc.*§ | 100 | 5,890 | |||||||||
The Brink's Co. | 400 | 10,652 | |||||||||
Waste Management, Inc.§ | 1,200 | 41,616 | |||||||||
74,887 | |||||||||||
Communications Equipment (3.2%) | |||||||||||
Aviat Networks, Inc.* | 10 | 65 | |||||||||
Brocade Communications Systems, Inc.* | 300 | 1,947 | |||||||||
Cisco Systems, Inc.* | 24,500 | 659,540 | |||||||||
CommScope, Inc.* | 200 | 6,516 | |||||||||
Harris Corp. | 200 | 10,296 | |||||||||
Juniper Networks, Inc.* | 1,500 | 42,615 | |||||||||
Motorola, Inc.* | 100 | 707 | |||||||||
Polycom, Inc.* | 300 | 9,765 | |||||||||
QUALCOMM, Inc. | 28,000 | 1,084,720 | |||||||||
1,816,171 | |||||||||||
Computers & Peripherals (8.9%) | |||||||||||
Apple, Inc.* | 7,500 | 1,958,400 | |||||||||
Dell, Inc.* | 4,600 | 74,428 | |||||||||
EMC Corp.* | 800 | 15,208 | |||||||||
Hewlett-Packard Co. | 4,900 | 254,653 | |||||||||
Lexmark International, Inc. Class A*§ | 6,800 | 251,940 | |||||||||
NCR Corp.* | 100 | 1,316 | |||||||||
NetApp, Inc.* | 1,100 | 38,137 | |||||||||
QLogic Corp.* | 600 | 11,622 | |||||||||
SanDisk Corp.* | 12,300 | 490,647 | |||||||||
Seagate Technology* | 4,500 | 82,665 | |||||||||
Teradata Corp.* | 5,800 | 168,606 | |||||||||
Western Digital Corp.* | 42,222 | 1,734,902 | |||||||||
5,082,524 |
See Accompanying Notes to Financial Statements.
15
Credit Suisse Large Cap Growth Fund
Schedule of Investments (continued)
April 30, 2010 (unaudited)
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Construction & Engineering (0.1%) | |||||||||||
Aecom Technology Corp.* | 100 | $ | 3,007 | ||||||||
Dycom Industries, Inc.* | 93 | 988 | |||||||||
Fluor Corp. | 775 | 40,951 | |||||||||
Jacobs Engineering Group, Inc.* | 400 | 19,288 | |||||||||
The Shaw Group, Inc.* | 400 | 15,312 | |||||||||
79,546 | |||||||||||
Consumer Finance (0.1%) | |||||||||||
American Express Co. | 700 | 32,284 | |||||||||
Capital One Financial Corp. | 400 | 17,364 | |||||||||
SLM Corp.* | 100 | 1,224 | |||||||||
50,872 | |||||||||||
Containers & Packaging (0.0%) | |||||||||||
Crown Holdings, Inc.* | 300 | 7,800 | |||||||||
Owens-Illinois, Inc.* | 200 | 7,088 | |||||||||
Pactiv Corp.* | 400 | 10,164 | |||||||||
25,052 | |||||||||||
Distributors (0.0%) | |||||||||||
LKQ Corp.* | 500 | 10,530 | |||||||||
Diversified Consumer Services (2.1%) | |||||||||||
Apollo Group, Inc. Class A* | 600 | 34,446 | |||||||||
Brink's Home Security Holdings, Inc.*§ | 300 | 12,582 | |||||||||
Career Education Corp.*§ | 900 | 26,343 | |||||||||
Corinthian Colleges, Inc.*§ | 800 | 12,496 | |||||||||
DeVry, Inc. | 1,000 | 62,390 | |||||||||
H&R Block, Inc. | 42,000 | 769,020 | |||||||||
Hillenbrand, Inc. | 400 | 9,832 | |||||||||
ITT Educational Services, Inc.*§ | 2,600 | 262,938 | |||||||||
1,190,047 | |||||||||||
Diversified Financial Services (0.3%) | |||||||||||
IntercontinentalExchange, Inc.* | 200 | 23,326 | |||||||||
JPMorgan Chase & Co. | 200 | 8,516 | |||||||||
Moody's Corp.§ | 3,700 | 91,464 | |||||||||
MSCI, Inc. Class A* | 600 | 20,790 | |||||||||
The NASDAQ OMX Group, Inc.* | 500 | 10,500 | |||||||||
154,596 | |||||||||||
Diversified Telecommunication Services (0.1%) | |||||||||||
AT&T, Inc. | 1,100 | 28,666 | |||||||||
Fairpoint Communications, Inc.* | 77 | 6 | |||||||||
tw telecom, Inc.* | 100 | 1,780 | |||||||||
Verizon Communications, Inc. | 300 | 8,667 | |||||||||
39,119 |
See Accompanying Notes to Financial Statements.
16
Credit Suisse Large Cap Growth Fund
Schedule of Investments (continued)
April 30, 2010 (unaudited)
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Electric Utilities (0.1%) | |||||||||||
Allegheny Energy, Inc.§ | 400 | $ | 8,712 | ||||||||
Exelon Corp. | 500 | 21,795 | |||||||||
FirstEnergy Corp.§ | 200 | 7,574 | |||||||||
PPL Corp. | 1,200 | 29,712 | |||||||||
67,793 | |||||||||||
Electrical Equipment (0.3%) | |||||||||||
AMETEK, Inc. | 200 | 8,650 | |||||||||
Emerson Electric Co. | 1,900 | 99,237 | |||||||||
First Solar, Inc.*§ | 200 | 28,710 | |||||||||
Roper Industries, Inc. | 100 | 6,102 | |||||||||
SunPower Corp. Class A*§ | 100 | 1,655 | |||||||||
144,354 | |||||||||||
Electronic Equipment, Instruments & Components (0.6%) | |||||||||||
Agilent Technologies, Inc.* | 800 | 29,008 | |||||||||
Amphenol Corp. Class A | 400 | 18,484 | |||||||||
Avnet, Inc.* | 300 | 9,591 | |||||||||
Corning, Inc. | 3,300 | 63,525 | |||||||||
Dolby Laboratories, Inc. Class A*§ | 200 | 13,744 | |||||||||
FLIR Systems, Inc.* | 700 | 21,413 | |||||||||
Jabil Circuit, Inc. | 13,000 | 199,160 | |||||||||
Trimble Navigation, Ltd.*§ | 100 | 3,271 | |||||||||
358,196 | |||||||||||
Energy Equipment & Services (2.2%) | |||||||||||
Cameron International Corp.* | 500 | 19,730 | |||||||||
Diamond Offshore Drilling, Inc.§ | 800 | 63,280 | |||||||||
Dresser-Rand Group, Inc.* | 1,731 | 61,070 | |||||||||
FMC Technologies, Inc.* | 13,200 | 893,508 | |||||||||
National-Oilwell Varco, Inc. | 400 | 17,612 | |||||||||
Oceaneering International, Inc.* | 500 | 32,750 | |||||||||
Schlumberger, Ltd. | 2,200 | 157,124 | |||||||||
Smith International, Inc. | 300 | 14,328 | |||||||||
1,259,402 | |||||||||||
Food & Staples Retailing (1.1%) | |||||||||||
Costco Wholesale Corp. | 1,200 | 70,896 | |||||||||
CVS Caremark Corp. | 1,300 | 48,009 | |||||||||
Sysco Corp. | 1,400 | 44,156 | |||||||||
The Kroger Co. | 1,600 | 35,568 | |||||||||
Wal-Mart Stores, Inc. | 5,800 | 311,170 | |||||||||
Walgreen Co. | 2,500 | 87,875 | |||||||||
Whole Foods Market, Inc.*§ | 500 | 19,510 | |||||||||
617,184 |
See Accompanying Notes to Financial Statements.
17
Credit Suisse Large Cap Growth Fund
Schedule of Investments (continued)
April 30, 2010 (unaudited)
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Food Products (3.8%) | |||||||||||
Archer-Daniels-Midland Co. | 1,003 | $ | 28,024 | ||||||||
Campbell Soup Co. | 100 | 3,586 | |||||||||
Dean Foods Co.*§ | 700 | 10,990 | |||||||||
General Mills, Inc. | 500 | 35,590 | |||||||||
H.J. Heinz Co. | 869 | 40,730 | |||||||||
Hormel Foods Corp. | 300 | 12,228 | |||||||||
Kellogg Co. | 600 | 32,964 | |||||||||
Kraft Foods, Inc. Class A | 500 | 14,800 | |||||||||
Lancaster Colony Corp.§ | 1,455 | 79,981 | |||||||||
McCormick & Co., Inc.§ | 300 | 11,871 | |||||||||
Mead Johnson Nutrition Co. | 20,700 | 1,068,327 | |||||||||
Sara Lee Corp.§ | 800 | 11,376 | |||||||||
The Hershey Co.§ | 17,420 | 818,914 | |||||||||
2,169,381 | |||||||||||
Gas Utilities (0.0%) | |||||||||||
EQT Corp. | 300 | 13,047 | |||||||||
Health Care Equipment & Supplies (3.3%) | |||||||||||
Baxter International, Inc. | 1,800 | 84,996 | |||||||||
Becton, Dickinson and Co. | 2,300 | 175,651 | |||||||||
Boston Scientific Corp.* | 1,645 | 11,318 | |||||||||
CR Bard, Inc. | 400 | 34,612 | |||||||||
DENTSPLY International, Inc.§ | 300 | 10,992 | |||||||||
Edwards Lifesciences Corp.* | 200 | 20,616 | |||||||||
Hologic, Inc.* | 28,400 | 507,508 | |||||||||
Hospira, Inc.* | 300 | 16,137 | |||||||||
Kinetic Concepts, Inc.*§ | 6,900 | 298,770 | |||||||||
Medtronic, Inc. | 4,600 | 200,974 | |||||||||
ResMed, Inc.*§ | 300 | 20,529 | |||||||||
St. Jude Medical, Inc.* | 900 | 36,738 | |||||||||
STERIS Corp.§ | 600 | 19,968 | |||||||||
Stryker Corp. | 4,700 | 269,968 | |||||||||
Thoratec Corp.*§ | 300 | 13,377 | |||||||||
Varian Medical Systems, Inc.* | 2,900 | 163,502 | |||||||||
1,885,656 | |||||||||||
Health Care Providers & Services (3.9%) | |||||||||||
Aetna, Inc. | 400 | 11,820 | |||||||||
AmerisourceBergen Corp. | 700 | 21,595 | |||||||||
Cardinal Health, Inc. | 500 | 17,345 | |||||||||
Community Health Systems, Inc.*§ | 500 | 20,430 | |||||||||
DaVita, Inc.* | 200 | 12,486 | |||||||||
Express Scripts, Inc.* | 700 | 70,091 | |||||||||
Health Management Associates, Inc. Class A* | 500 | 4,660 | |||||||||
Henry Schein, Inc.* | 400 | 24,188 | |||||||||
Humana, Inc.* | 15,500 | 708,660 | |||||||||
Laboratory Corp. of America Holdings*§ | 200 | 15,714 | |||||||||
Lincare Holdings, Inc.*§ | 300 | 14,007 |
See Accompanying Notes to Financial Statements.
18
Credit Suisse Large Cap Growth Fund
Schedule of Investments (continued)
April 30, 2010 (unaudited)
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Health Care Providers & Services | |||||||||||
McKesson Corp. | 500 | $ | 32,405 | ||||||||
Medco Health Solutions, Inc.* | 2,600 | 153,192 | |||||||||
Omnicare, Inc. | 300 | 8,337 | |||||||||
Patterson Cos., Inc.§ | 400 | 12,796 | |||||||||
Quest Diagnostics, Inc. | 500 | 28,580 | |||||||||
Tenet Healthcare Corp.* | 1,800 | 11,250 | |||||||||
UnitedHealth Group, Inc. | 400 | 12,124 | |||||||||
WellPoint, Inc.* | 19,300 | 1,038,340 | |||||||||
2,218,020 | |||||||||||
Health Care Technology (0.0%) | |||||||||||
Cerner Corp.*§ | 300 | 25,473 | |||||||||
Hotels, Restaurants & Leisure (0.9%) | |||||||||||
Brinker International, Inc. | 500 | 9,260 | |||||||||
Burger King Holdings, Inc. | 100 | 2,110 | |||||||||
Carnival Corp. | 600 | 25,020 | |||||||||
Darden Restaurants, Inc. | 513 | 22,957 | |||||||||
Hyatt Hotels Corp. Class A*§ | 200 | 8,234 | |||||||||
International Game Technology | 500 | 10,540 | |||||||||
Las Vegas Sands Corp.* | 900 | 22,374 | |||||||||
Marriott International, Inc. Class A§ | 100 | 3,676 | |||||||||
McDonald's Corp. | 2,900 | 204,711 | |||||||||
P.F. Chang's China Bistro, Inc.*§ | 198 | 8,641 | |||||||||
Panera Bread Co. Class A*§ | 167 | 13,016 | |||||||||
Royal Caribbean Cruises, Ltd.*§ | 400 | 14,336 | |||||||||
Starbucks Corp. | 3,100 | 80,538 | |||||||||
WMS Industries, Inc.*§ | 300 | 15,006 | |||||||||
Wyndham Worldwide Corp. | 100 | 2,681 | |||||||||
Yum! Brands, Inc. | 1,400 | 59,388 | |||||||||
502,488 | |||||||||||
Household Durables (0.2%) | |||||||||||
Garmin, Ltd.§ | 1,000 | 37,380 | |||||||||
Leggett & Platt, Inc.§ | 514 | 12,608 | |||||||||
Whirlpool Corp. | 400 | 43,548 | |||||||||
93,536 | |||||||||||
Household Products (1.1%) | |||||||||||
Clorox Co. | 400 | 25,880 | |||||||||
Colgate-Palmolive Co. | 1,500 | 126,150 | |||||||||
Kimberly-Clark Corp. | 1,500 | 91,890 | |||||||||
The Procter & Gamble Co. | 6,200 | 385,392 | |||||||||
629,312 | |||||||||||
Independent Power Producers & Energy Traders (3.0%) | |||||||||||
Calpine Corp.* | 300 | 4,089 | |||||||||
Constellation Energy Group, Inc. | 48,200 | 1,703,870 | |||||||||
The AES Corp.* | 1,600 | 18,464 | |||||||||
1,726,423 |
See Accompanying Notes to Financial Statements.
19
Credit Suisse Large Cap Growth Fund
Schedule of Investments (continued)
April 30, 2010 (unaudited)
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Industrial Conglomerates (0.5%) | |||||||||||
3M Co. | 2,100 | $ | 186,207 | ||||||||
Carlisle Cos., Inc. | 300 | 11,319 | |||||||||
McDermott International, Inc.* | 2,300 | 63,043 | |||||||||
260,569 | |||||||||||
Insurance (1.3%) | |||||||||||
Aflac, Inc. | 1,500 | 76,440 | |||||||||
American International Group, Inc.*§ | 700 | 27,230 | |||||||||
Arthur J. Gallagher & Co.§ | 366 | 9,615 | |||||||||
Axis Capital Holdings, Ltd. | 400 | 12,468 | |||||||||
Brown & Brown, Inc.§ | 100 | 2,014 | |||||||||
First American Corp. | 500 | 17,285 | |||||||||
Genworth Financial, Inc. Class A* | 33,000 | 545,160 | |||||||||
Lincoln National Corp. | 400 | 12,236 | |||||||||
Principal Financial Group, Inc. | 600 | 17,532 | |||||||||
Prudential Financial, Inc. | 700 | 44,492 | |||||||||
764,472 | |||||||||||
Internet & Catalog Retail (3.0%) | |||||||||||
Amazon.com, Inc.* | 1,100 | 150,766 | |||||||||
Expedia, Inc. | 60,500 | 1,428,405 | |||||||||
NetFlix, Inc.*§ | 200 | 19,754 | |||||||||
priceline.com, Inc.* | 500 | 131,025 | |||||||||
1,729,950 | |||||||||||
Internet Software & Services (4.6%) | |||||||||||
Akamai Technologies, Inc.*§ | 300 | 11,649 | |||||||||
AOL, Inc.* | 45 | 1,051 | |||||||||
eBay, Inc.* | 50,600 | 1,204,786 | |||||||||
Google, Inc. Class A* | 2,100 | 1,103,424 | |||||||||
Sohu.com, Inc.* | 4,600 | 221,490 | |||||||||
VeriSign, Inc.*§ | 2,000 | 54,540 | |||||||||
Yahoo!, Inc.* | 2,800 | 46,284 | |||||||||
2,643,224 | |||||||||||
IT Services (5.6%) | |||||||||||
Automatic Data Processing, Inc. | 1,200 | 52,032 | |||||||||
Broadridge Financial Solutions, Inc. | 500 | 11,905 | |||||||||
Cognizant Technology Solutions Corp. Class A* | 1,000 | 51,180 | |||||||||
Fidelity National Information Services, Inc. | 500 | 13,145 | |||||||||
Fiserv, Inc.* | 300 | 15,327 | |||||||||
Gartner, Inc.*§ | 9,822 | 236,514 | |||||||||
Genpact, Ltd.* | 600 | 10,128 | |||||||||
Global Payments, Inc. | 411 | 17,595 | |||||||||
Hewitt Associates, Inc. Class A* | 500 | 20,495 | |||||||||
International Business Machines Corp. | 12,600 | 1,625,400 | |||||||||
Lender Processing Services, Inc. | 11,820 | 446,205 | |||||||||
Mastercard, Inc. Class A | 1,800 | 446,472 | |||||||||
Paychex, Inc.§ | 900 | 27,540 |
See Accompanying Notes to Financial Statements.
20
Credit Suisse Large Cap Growth Fund
Schedule of Investments (continued)
April 30, 2010 (unaudited)
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
IT Services | |||||||||||
SAIC, Inc.* | 800 | $ | 13,928 | ||||||||
The Western Union Co. | 4,500 | 82,125 | |||||||||
Visa, Inc. Class A | 1,200 | 108,276 | |||||||||
3,178,267 | |||||||||||
Leisure Equipment & Products (0.1%) | |||||||||||
Hasbro, Inc. | 500 | 19,180 | |||||||||
Mattel, Inc. | 2,900 | 66,845 | |||||||||
86,025 | |||||||||||
Life Sciences Tools & Services (0.3%) | |||||||||||
Illumina, Inc.*§ | 300 | 12,561 | |||||||||
Life Technologies Corp.* | 300 | 16,413 | |||||||||
Millipore Corp.* | 100 | 10,615 | |||||||||
Thermo Fisher Scientific, Inc.* | 200 | 11,056 | |||||||||
Waters Corp.* | 1,300 | 93,587 | |||||||||
144,232 | |||||||||||
Machinery (0.7%) | |||||||||||
Bucyrus International, Inc. | 300 | 18,903 | |||||||||
Caterpillar, Inc. | 800 | 54,472 | |||||||||
Danaher Corp. | 500 | 42,140 | |||||||||
Deere & Co. | 200 | 11,964 | |||||||||
Donaldson Co., Inc.§ | 800 | 37,040 | |||||||||
Dover Corp. | 300 | 15,666 | |||||||||
Flowserve Corp. | 200 | 22,916 | |||||||||
Graco, Inc.§ | 100 | 3,468 | |||||||||
Illinois Tool Works, Inc. | 300 | 15,330 | |||||||||
Joy Global, Inc. | 100 | 5,681 | |||||||||
Lincoln Electric Holdings, Inc. | 200 | 11,988 | |||||||||
Navistar International Corp.*§ | 300 | 14,502 | |||||||||
Oshkosh Corp.* | 2,000 | 77,240 | |||||||||
PACCAR, Inc.§ | 800 | 37,216 | |||||||||
Pall Corp. | 100 | 3,899 | |||||||||
The Manitowoc Co., Inc.§ | 3,000 | 42,030 | |||||||||
WABCO Holdings, Inc.* | 396 | 13,143 | |||||||||
427,598 | |||||||||||
Media (1.2%) | |||||||||||
Comcast Corp. Class A | 900 | 17,766 | |||||||||
DIRECTV Class A* | 3,700 | 134,051 | |||||||||
Lamar Advertising Co. Class A* | 400 | 14,888 | |||||||||
Liberty Media Corp. - Starz Series A* | 50 | 2,769 | |||||||||
Omnicom Group, Inc. | 900 | 38,394 | |||||||||
Scripps Networks Interactive, Inc. Class A | 200 | 9,068 | |||||||||
The McGraw-Hill Cos., Inc. | 13,973 | 471,170 | |||||||||
688,106 |
See Accompanying Notes to Financial Statements.
21
Credit Suisse Large Cap Growth Fund
Schedule of Investments (continued)
April 30, 2010 (unaudited)
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Metals & Mining (3.3%) | |||||||||||
Alcoa, Inc.§ | 1,200 | $ | 16,128 | ||||||||
Compass Minerals International, Inc.§ | 100 | 7,531 | |||||||||
Freeport-McMoRan Copper & Gold, Inc. | 23,000 | 1,737,190 | |||||||||
Newmont Mining Corp. | 1,300 | 72,904 | |||||||||
Southern Copper Corp. | 400 | 12,232 | |||||||||
Walter Energy, Inc. | 200 | 16,162 | |||||||||
1,862,147 | |||||||||||
Multi-Utilities (0.1%) | |||||||||||
CenterPoint Energy, Inc. | 800 | 11,488 | |||||||||
NSTAR§ | 305 | 11,163 | |||||||||
PG&E Corp. | 200 | 8,760 | |||||||||
Public Service Enterprise Group, Inc. | 349 | 11,213 | |||||||||
42,624 | |||||||||||
Multiline Retail (2.4%) | |||||||||||
Big Lots, Inc.*§ | 300 | 11,460 | |||||||||
Dollar Tree, Inc.* | 2,900 | 176,088 | |||||||||
Family Dollar Stores, Inc.§ | 2,500 | 98,900 | |||||||||
J.C. Penney Co., Inc. | 600 | 17,502 | |||||||||
Kohl's Corp.* | 7,500 | 412,425 | |||||||||
Macy's, Inc. | 4,100 | 95,120 | |||||||||
Nordstrom, Inc. | 10,200 | 421,566 | |||||||||
Target Corp. | 2,644 | 150,364 | |||||||||
1,383,425 | |||||||||||
Office Electronics (0.0%) | |||||||||||
Xerox Corp. | 400 | 4,360 | |||||||||
Oil, Gas & Consumable Fuels (1.5%) | |||||||||||
Alpha Natural Resources, Inc.* | 500 | 23,540 | |||||||||
Apache Corp. | 100 | 10,176 | |||||||||
Chevron Corp. | 200 | 16,288 | |||||||||
ConocoPhillips | 200 | 11,838 | |||||||||
Consol Energy, Inc. | 600 | 26,808 | |||||||||
Continental Resources, Inc.*§ | 400 | 19,664 | |||||||||
El Paso Corp. | 200 | 2,420 | |||||||||
Enterprise Products Partners LP | 4,200 | 148,932 | |||||||||
EXCO Resources, Inc. | 100 | 1,855 | |||||||||
Exxon Mobil Corp. | 3,600 | 244,260 | |||||||||
Mariner Energy, Inc.* | 200 | 4,776 | |||||||||
Massey Energy Co. | 100 | 3,663 | |||||||||
Newfield Exploration Co.* | 200 | 11,638 | |||||||||
Occidental Petroleum Corp. | 1,100 | 97,526 | |||||||||
Peabody Energy Corp. | 600 | 28,032 | |||||||||
Petrohawk Energy Corp.* | 700 | 15,113 | |||||||||
Quicksilver Resources, Inc.*§ | 100 | 1,387 | |||||||||
Southwestern Energy Co.* | 800 | 31,744 | |||||||||
Tesoro Corp.§ | 12,600 | 165,690 | |||||||||
865,350 |
See Accompanying Notes to Financial Statements.
22
Credit Suisse Large Cap Growth Fund
Schedule of Investments (continued)
April 30, 2010 (unaudited)
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Paper & Forest Products (1.1%) | |||||||||||
International Paper Co. | 22,700 | $ | 606,998 | ||||||||
Personal Products (2.9%) | |||||||||||
Avon Products, Inc. | 1,100 | 35,563 | |||||||||
Herbalife, Ltd. | 600 | 28,950 | |||||||||
NBTY, Inc.* | 2,300 | 93,564 | |||||||||
The Estee Lauder Cos., Inc. Class A | 22,800 | 1,502,976 | |||||||||
1,661,053 | |||||||||||
Pharmaceuticals (4.4%) | |||||||||||
Abbott Laboratories | 4,100 | 209,756 | |||||||||
Allergan, Inc. | 10,300 | 656,007 | |||||||||
Bristol-Myers Squibb Co. | 12,300 | 311,067 | |||||||||
Eli Lilly & Co. | 1,300 | 45,461 | |||||||||
Endo Pharmaceuticals Holdings, Inc.* | 12,800 | 280,320 | |||||||||
Forest Laboratories, Inc.* | 4,700 | 128,122 | |||||||||
Johnson & Johnson | 7,800 | 501,540 | |||||||||
Medicis Pharmaceutical Corp. Class A | 7,421 | 188,345 | |||||||||
Merck & Co., Inc. | 5,130 | 179,755 | |||||||||
Mylan, Inc.*§ | 900 | 19,827 | |||||||||
Valeant Pharmaceuticals International*§ | 400 | 18,000 | |||||||||
2,538,200 | |||||||||||
Professional Services (0.1%) | |||||||||||
Equifax, Inc. | 100 | 3,360 | |||||||||
FTI Consulting, Inc.* | 500 | 20,565 | |||||||||
Robert Half International, Inc.§ | 200 | 5,476 | |||||||||
Verisk Analytics, Inc. Class A* | 800 | 22,416 | |||||||||
51,817 | |||||||||||
Real Estate Investment Trusts (0.0%) | |||||||||||
Walter Investment Management Corp.§ | 36 | 653 | |||||||||
Real Estate Management & Development (0.0%) | |||||||||||
CB Richard Ellis Group, Inc. Class A* | 400 | 6,928 | |||||||||
The St. Joe Co.*§ | 100 | 3,304 | |||||||||
10,232 | |||||||||||
Road & Rail (0.1%) | |||||||||||
J.B. Hunt Transport Services, Inc. | 100 | 3,686 | |||||||||
Union Pacific Corp. | 700 | 52,962 | |||||||||
56,648 | |||||||||||
Semiconductors & Semiconductor Equipment (1.8%) | |||||||||||
Advanced Micro Devices, Inc.* | 1,000 | 9,060 | |||||||||
Altera Corp.§ | 1,700 | 43,112 | |||||||||
Analog Devices, Inc. | 800 | 23,944 | |||||||||
Broadcom Corp. Class A | 5,200 | 179,348 | |||||||||
Cree, Inc.*§ | 200 | 14,642 |
See Accompanying Notes to Financial Statements.
23
Credit Suisse Large Cap Growth Fund
Schedule of Investments (continued)
April 30, 2010 (unaudited)
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Semiconductors & Semiconductor Equipment | |||||||||||
Intel Corp. | 13,300 | $ | 303,639 | ||||||||
Lam Research Corp.* | 200 | 8,110 | |||||||||
Linear Technology Corp.§ | 900 | 27,054 | |||||||||
Marvell Technology Group, Ltd.* | 4,700 | 97,055 | |||||||||
Maxim Integrated Products, Inc. | 800 | 15,536 | |||||||||
MEMC Electronic Materials, Inc.*§ | 400 | 5,188 | |||||||||
Microchip Technology, Inc.§ | 400 | 11,684 | |||||||||
Micron Technology, Inc.*§ | 200 | 1,870 | |||||||||
National Semiconductor Corp. | 300 | 4,434 | |||||||||
NVIDIA Corp.* | 1,600 | 25,152 | |||||||||
ON Semiconductor Corp.* | 800 | 6,352 | |||||||||
Rambus, Inc.* | 100 | 2,413 | |||||||||
Silicon Laboratories, Inc.*§ | 200 | 9,670 | |||||||||
Teradyne, Inc.*§ | 100 | 1,223 | |||||||||
Texas Instruments, Inc. | 4,200 | 109,242 | |||||||||
Xilinx, Inc. | 6,200 | 159,836 | |||||||||
1,058,564 | |||||||||||
Software (6.5%) | |||||||||||
Activision Blizzard, Inc. | 37,500 | 415,500 | |||||||||
Adobe Systems, Inc.* | 1,400 | 47,026 | |||||||||
Autodesk, Inc.* | 500 | 17,005 | |||||||||
BMC Software, Inc.* | 800 | 31,488 | |||||||||
CA, Inc. | 700 | 15,967 | |||||||||
Cadence Design Systems, Inc.* | 500 | 3,730 | |||||||||
Citrix Systems, Inc.* | 400 | 18,800 | |||||||||
Electronic Arts, Inc.* | 1,000 | 19,370 | |||||||||
Intuit, Inc.* | 800 | 28,928 | |||||||||
McAfee, Inc.* | 300 | 10,425 | |||||||||
Microsoft Corp. | 74,900 | 2,287,446 | |||||||||
Novell, Inc.* | 1,100 | 6,171 | |||||||||
Nuance Communications, Inc.*§ | 200 | 3,654 | |||||||||
Oracle Corp. | 10,000 | 258,400 | |||||||||
Red Hat, Inc.* | 15,700 | 468,959 | |||||||||
Salesforce.com, Inc.* | 400 | 34,240 | |||||||||
Sybase, Inc.*§ | 300 | 13,014 | |||||||||
Symantec Corp.* | 2,200 | 36,894 | |||||||||
VMware, Inc. Class A*§ | 300 | 18,492 | |||||||||
3,735,509 | |||||||||||
Specialty Retail (2.5%) | |||||||||||
Aaron's, Inc.§ | 450 | 10,157 | |||||||||
Advance Auto Parts, Inc. | 7,700 | 347,270 | |||||||||
Aeropostale, Inc.*§ | 4,000 | 116,160 | |||||||||
American Eagle Outfitters, Inc. | 200 | 3,362 | |||||||||
Bed Bath & Beyond, Inc.* | 700 | 32,172 | |||||||||
Best Buy Co., Inc. | 1,500 | 68,400 |
See Accompanying Notes to Financial Statements.
24
Credit Suisse Large Cap Growth Fund
Schedule of Investments (continued)
April 30, 2010 (unaudited)
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Specialty Retail | |||||||||||
CarMax, Inc.*§ | 200 | $ | 4,914 | ||||||||
Chico's FAS, Inc.§ | 300 | 4,467 | |||||||||
Dick's Sporting Goods, Inc.*§ | 400 | 11,644 | |||||||||
GameStop Corp. Class A*§ | 600 | 14,586 | |||||||||
Guess?, Inc. | 300 | 13,761 | |||||||||
Home Depot, Inc. | 500 | 17,625 | |||||||||
Lowe's Cos., Inc. | 1,100 | 29,832 | |||||||||
Ltd Brands, Inc. | 300 | 8,040 | |||||||||
O'Reilly Automotive, Inc.*§ | 300 | 14,667 | |||||||||
PetSmart, Inc. | 500 | 16,535 | |||||||||
Ross Stores, Inc.§ | 9,100 | 509,600 | |||||||||
Staples, Inc. | 1,800 | 42,354 | |||||||||
The Gap, Inc. | 1,600 | 39,568 | |||||||||
The Gymboree Corp.*§ | 200 | 9,826 | |||||||||
The Sherwin-Williams Co. | 300 | 23,421 | |||||||||
Tiffany & Co. | 200 | 9,696 | |||||||||
TJX Cos., Inc. | 1,400 | 64,876 | |||||||||
Urban Outfitters, Inc.* | 100 | 3,751 | |||||||||
1,416,684 | |||||||||||
Textiles, Apparel & Luxury Goods (0.6%) | |||||||||||
Coach, Inc. | 800 | 33,400 | |||||||||
Hanesbrands, Inc.* | 100 | 2,847 | |||||||||
NIKE, Inc. Class B | 1,252 | 95,039 | |||||||||
Phillips-Van Heusen Corp. | 300 | 18,903 | |||||||||
Polo Ralph Lauren Corp. | 300 | 26,970 | |||||||||
Skechers U.S.A., Inc. Class A* | 2,600 | 99,710 | |||||||||
The Warnaco Group, Inc.* | 800 | 38,272 | |||||||||
315,141 | |||||||||||
Thrifts & Mortgage Finance (0.0%) | |||||||||||
Hudson City Bancorp, Inc. | 400 | 5,320 | |||||||||
Tobacco (0.7%) | |||||||||||
Altria Group, Inc. | 5,300 | 112,307 | |||||||||
Lorillard, Inc. | 500 | 39,185 | |||||||||
Philip Morris International, Inc. | 5,300 | 260,124 | |||||||||
411,616 | |||||||||||
Trading Companies & Distributors (0.2%) | |||||||||||
Fastenal Co.§ | 300 | 16,407 | |||||||||
MSC Industrial Direct Co., Inc. Class A | 1,776 | 96,774 | |||||||||
WW Grainger, Inc. | 100 | 11,054 | |||||||||
124,235 |
See Accompanying Notes to Financial Statements.
25
Credit Suisse Large Cap Growth Fund
Schedule of Investments (continued)
April 30, 2010 (unaudited)
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Wireless Telecommunication Services (0.5%) | |||||||||||
American Tower Corp. Class A* | 1,200 | $ | 48,972 | ||||||||
Crown Castle International Corp.* | 100 | 3,785 | |||||||||
MetroPCS Communications, Inc.*§ | 500 | 3,815 | |||||||||
NII Holdings, Inc.* | 4,900 | 207,858 | |||||||||
SBA Communications Corp. Class A*§ | 200 | 7,074 | |||||||||
271,504 | |||||||||||
TOTAL COMMON STOCKS (Cost $50,747,368) | 56,492,759 | ||||||||||
SHORT-TERM INVESTMENTS (10.1%) | |||||||||||
State Street Navigator Prime Portfolio§§ | 5,060,220 | 5,060,220 | |||||||||
Par (000) | |||||||||||
State Street Bank and Trust Co. Euro Time Deposit, 0.010%, 05/03/10 | $ | 741 | 741,000 | ||||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $5,801,220) | 5,801,220 | ||||||||||
TOTAL INVESTMENTS AT VALUE (108.9%) (Cost $56,548,588) | 62,293,979 | ||||||||||
LIABILITIES IN EXCESS OF OTHER ASSETS (-8.9%) | (5,109,702 | ) | |||||||||
NET ASSETS (100.0%) | $ | 57,184,277 |
* Non-income producing security.
§ Security or portion thereof is out on loan.
§§ Represents security purchased with cash collateral received for securities on loan.
See Accompanying Notes to Financial Statements.
26
Credit Suisse Mid-Cap Core Fund
Schedule of Investments
April 30, 2010 (unaudited)
Number of Shares | Value | ||||||||||
COMMON STOCKS (98.8%) | |||||||||||
Aerospace & Defense (0.2%) | |||||||||||
Alliant Techsystems, Inc.*§ | 1,070 | $ | 86,574 | ||||||||
BE Aerospace, Inc.* | 2,900 | 86,159 | |||||||||
ITT Corp. | 300 | 16,671 | |||||||||
189,404 | |||||||||||
Airlines (3.1%) | |||||||||||
Airtran Holdings, Inc.*§ | 13,900 | 73,392 | |||||||||
Alaska Air Group, Inc.* | 69,283 | 2,869,009 | |||||||||
Allegiant Travel Co.*§ | 300 | 15,429 | |||||||||
Continental Airlines, Inc. Class B*§ | 800 | 17,880 | |||||||||
JetBlue Airways Corp.* | 23,500 | 131,365 | |||||||||
3,107,075 | |||||||||||
Auto Components (2.2%) | |||||||||||
Autoliv, Inc.*§ | 27,800 | 1,522,050 | |||||||||
BorgWarner, Inc.*§ | 3,200 | 138,688 | |||||||||
Cooper Tire & Rubber Co.§ | 3,600 | 76,392 | |||||||||
Gentex Corp. | 4,000 | 85,960 | |||||||||
The Goodyear Tire & Rubber Co.* | 30,300 | 406,929 | |||||||||
TRW Automotive Holdings Corp.* | 300 | 9,663 | |||||||||
2,239,682 | |||||||||||
Automobiles (0.0%) | |||||||||||
Thor Industries, Inc.§ | 900 | 32,139 | |||||||||
Beverages (0.1%) | |||||||||||
Hansen Natural Corp.* | 2,000 | 88,160 | |||||||||
PepsiCo, Inc. | 363 | 23,675 | |||||||||
111,835 | |||||||||||
Biotechnology (2.3%) | |||||||||||
Alexion Pharmaceuticals, Inc.* | 3,100 | 170,128 | |||||||||
Cephalon, Inc.*§ | 27,153 | 1,743,223 | |||||||||
Myriad Genetics, Inc.* | 500 | 12,005 | |||||||||
OSI Pharmaceuticals, Inc.* | 1,800 | 105,606 | |||||||||
United Therapeutics Corp.*§ | 1,400 | 79,646 | |||||||||
Vertex Pharmaceuticals, Inc.*§ | 5,000 | 193,850 | |||||||||
2,304,458 | |||||||||||
Building Products (0.7%) | |||||||||||
Lennox International, Inc. | 7,900 | 357,554 | |||||||||
Owens Corning* | 9,000 | 313,020 | |||||||||
670,574 | |||||||||||
Capital Markets (1.1%) | |||||||||||
Affiliated Managers Group, Inc.*§ | 1,300 | 109,434 | |||||||||
Apollo Investment Corp. | 18,394 | 223,671 | |||||||||
Eaton Vance Corp.§ | 3,400 | 119,816 | |||||||||
Federated Investors, Inc. Class B§ | 3,900 | 94,068 | |||||||||
Greenhill & Co., Inc. | 2,000 | 175,780 | |||||||||
Invesco, Ltd. | 400 | 9,196 |
See Accompanying Notes to Financial Statements.
27
Credit Suisse Mid-Cap Core Fund
Schedule of Investments (continued)
April 30, 2010 (unaudited)
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Capital Markets | |||||||||||
Jefferies Group, Inc.§ | 3,000 | $ | 81,660 | ||||||||
Raymond James Financial, Inc. | 2,800 | 85,792 | |||||||||
SEI Investments Co. | 3,500 | 78,610 | |||||||||
Waddell & Reed Financial, Inc. Class A | 2,290 | 85,005 | |||||||||
1,063,032 | |||||||||||
Chemicals (5.0%) | |||||||||||
Albemarle Corp. | 2,500 | 114,150 | |||||||||
Ashland, Inc. | 44,600 | 2,656,376 | |||||||||
Cabot Corp. | 1,800 | 58,572 | |||||||||
Celanese Corp. Series A | 300 | 9,597 | |||||||||
CF Industries Holdings, Inc. | 2,182 | 182,568 | |||||||||
Cytec Industries, Inc. | 1,449 | 69,639 | |||||||||
Eastman Chemical Co.§ | 234 | 15,659 | |||||||||
Huntsman Corp. | 4,000 | 45,640 | |||||||||
International Flavors & Fragrances, Inc. | 300 | 15,027 | |||||||||
Intrepid Potash, Inc.*§ | 1,100 | 28,886 | |||||||||
Lubrizol Corp. | 15,500 | 1,400,270 | |||||||||
Minerals Technologies, Inc. | 600 | 34,620 | |||||||||
NewMarket Corp.§ | 100 | 11,000 | |||||||||
Olin Corp.§ | 2,100 | 44,100 | |||||||||
RPM International, Inc. | 3,700 | 81,696 | |||||||||
Sensient Technologies Corp. | 1,500 | 47,295 | |||||||||
The Scotts Miracle-Gro Co. Class A | 1,355 | 65,650 | |||||||||
Valspar Corp. | 2,800 | 87,696 | |||||||||
4,968,441 | |||||||||||
Commercial Banks (2.1%) | |||||||||||
Associated Banc-Corp.§ | 4,910 | 71,342 | |||||||||
Bancorpsouth, Inc.§ | 12,544 | 277,724 | |||||||||
Bank of Hawaii Corp.§ | 1,200 | 63,456 | |||||||||
Cathay General Bancorp§ | 2,000 | 24,740 | |||||||||
City National Corp.§ | 1,200 | 74,736 | |||||||||
Commerce Bancshares, Inc. | 2,514 | 104,130 | |||||||||
Cullen/Frost Bankers, Inc.§ | 1,600 | 94,976 | |||||||||
FirstMerit Corp.§ | 2,508 | 58,938 | |||||||||
Fulton Financial Corp.§ | 29,400 | 308,700 | |||||||||
International Bancshares Corp. | 10,100 | 244,117 | |||||||||
PacWest Bancorp§ | 800 | 19,208 | |||||||||
Prosperity Bancshares, Inc.§ | 1,000 | 39,220 | |||||||||
SVB Financial Group*§ | 1,300 | 63,999 | |||||||||
Synovus Financial Corp.§ | 46,500 | 139,965 | |||||||||
TCF Financial Corp.§ | 3,000 | 55,890 | |||||||||
Trustmark Corp.§ | 4,500 | 110,160 | |||||||||
Valley National Bancorp | 3,875 | 62,930 | |||||||||
Webster Financial Corp.§ | 4,800 | 99,456 | |||||||||
Westamerica BanCorporation | 2,600 | 152,802 | |||||||||
Wilmington Trust Corp. | 2,044 | 35,423 | |||||||||
2,101,912 |
See Accompanying Notes to Financial Statements.
28
Credit Suisse Mid-Cap Core Fund
Schedule of Investments (continued)
April 30, 2010 (unaudited)
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Commercial Services & Supplies (0.6%) | |||||||||||
Clean Harbors, Inc.* | 600 | $ | 38,058 | ||||||||
Copart, Inc.* | 2,000 | 71,380 | |||||||||
Corrections Corp. of America* | 3,145 | 65,164 | |||||||||
Deluxe Corp. | 1,500 | 31,455 | |||||||||
Herman Miller, Inc.§ | 1,500 | 31,830 | |||||||||
HNI Corp. | 1,400 | 43,456 | |||||||||
Mine Safety Appliances Co.§ | 6,500 | 191,035 | |||||||||
Rollins, Inc.§ | 1,700 | 36,975 | |||||||||
Standard Parking Corp.*§ | 20 | 338 | |||||||||
The Brink's Co. | 1,200 | 31,956 | |||||||||
Waste Connections, Inc.*§ | 2,200 | 78,738 | |||||||||
620,385 | |||||||||||
Communications Equipment (0.9%) | |||||||||||
ADC Telecommunications, Inc.*§ | 47,500 | 380,475 | |||||||||
ADTRAN, Inc.§ | 1,700 | 45,509 | |||||||||
Ciena Corp.* | 2,400 | 44,376 | |||||||||
CommScope, Inc.* | 2,400 | 78,192 | |||||||||
F5 Networks, Inc.* | 2,100 | 143,703 | |||||||||
Palm, Inc.*§ | 17,100 | 99,180 | |||||||||
Plantronics, Inc.§ | 1,500 | 49,800 | |||||||||
Polycom, Inc.* | 2,500 | 81,375 | |||||||||
Unity Wireless Corp.* | 712,201 | 499 | |||||||||
923,109 | |||||||||||
Computers & Peripherals (2.6%) | |||||||||||
Diebold, Inc. | 1,900 | 59,565 | |||||||||
Lexmark International, Inc. Class A* | 11,400 | 422,370 | |||||||||
NCR Corp.* | 4,800 | 63,168 | |||||||||
NetApp, Inc.*§ | 14,700 | 509,649 | |||||||||
SanDisk Corp.* | 20,600 | 821,734 | |||||||||
Teradata Corp.* | 4,900 | 142,443 | |||||||||
Western Digital Corp.* | 14,016 | 575,917 | |||||||||
2,594,846 | |||||||||||
Construction & Engineering (1.5%) | |||||||||||
Aecom Technology Corp.* | 5,900 | 177,413 | |||||||||
Fluor Corp. | 14,900 | 787,316 | |||||||||
Granite Construction, Inc.§ | 1,000 | 33,610 | |||||||||
Jacobs Engineering Group, Inc.* | 400 | 19,288 | |||||||||
KBR, Inc. | 4,500 | 99,360 | |||||||||
MasTec, Inc.*§ | 6,300 | 78,813 | |||||||||
The Shaw Group, Inc.* | 3,100 | 118,668 | |||||||||
Tutor Perini Corp.*§ | 1,600 | 38,832 | |||||||||
URS Corp.* | 2,300 | 118,105 | |||||||||
1,471,405 |
See Accompanying Notes to Financial Statements.
29
Credit Suisse Mid-Cap Core Fund
Schedule of Investments (continued)
April 30, 2010 (unaudited)
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Construction Materials (0.1%) | |||||||||||
Martin Marietta Materials, Inc.§ | 1,200 | $ | 115,056 | ||||||||
Consumer Finance (0.1%) | |||||||||||
AmeriCredit Corp.* | 2,700 | 64,638 | |||||||||
Containers & Packaging (0.5%) | |||||||||||
Aptargroup, Inc. | 1,900 | 81,776 | |||||||||
Greif, Inc. Class A | 900 | 53,262 | |||||||||
Packaging Corp. of America | 2,900 | 71,717 | |||||||||
Silgan Holdings, Inc. | 600 | 36,198 | |||||||||
Sonoco Products Co. | 2,800 | 92,764 | |||||||||
Temple-Inland, Inc. | 8,100 | 188,892 | |||||||||
524,609 | |||||||||||
Distributors (0.1%) | |||||||||||
LKQ Corp.* | 3,600 | 75,816 | |||||||||
Diversified Consumer Services (4.4%) | |||||||||||
Brink's Home Security Holdings, Inc.*§ | 1,500 | 62,910 | |||||||||
Career Education Corp.*§ | 21,200 | 620,524 | |||||||||
Corinthian Colleges, Inc.*§ | 109,300 | 1,707,266 | |||||||||
DeVry, Inc. | 1,000 | 62,390 | |||||||||
H&R Block, Inc. | 62,900 | 1,151,699 | |||||||||
Hillenbrand, Inc. | 800 | 19,664 | |||||||||
ITT Educational Services, Inc.*§ | 5,300 | 535,989 | |||||||||
Matthews International Corp. Class A§ | 800 | 28,000 | |||||||||
Regis Corp.§ | 2,000 | 38,240 | |||||||||
Service Corp. International§ | 7,200 | 64,656 | |||||||||
Sotheby's§ | 1,800 | 60,120 | |||||||||
Strayer Education, Inc.§ | 300 | 72,936 | |||||||||
4,424,394 | |||||||||||
Diversified Financial Services (0.8%) | |||||||||||
KKR Financial Holdings LLC | 3,500 | 30,940 | |||||||||
Moody's Corp.§ | 13,000 | 321,360 | |||||||||
MSCI, Inc. Class A* | 9,000 | 311,850 | |||||||||
PHH Corp.* | 6,100 | 138,409 | |||||||||
802,559 | |||||||||||
Diversified Telecommunication Services (0.1%) | |||||||||||
Cincinnati Bell, Inc.* | 21,300 | 71,781 | |||||||||
tw telecom, Inc.* | 3,700 | 65,860 | |||||||||
137,641 | |||||||||||
Electric Utilities (0.5%) | |||||||||||
Cleco Corp. | 1,600 | 43,840 | |||||||||
DPL, Inc. | 3,629 | 102,265 | |||||||||
Great Plains Energy, Inc. | 3,600 | 69,588 | |||||||||
Hawaiian Electric Industries, Inc.§ | 2,457 | 57,371 | |||||||||
IDACORP, Inc. | 1,400 | 50,512 |
See Accompanying Notes to Financial Statements.
30
Credit Suisse Mid-Cap Core Fund
Schedule of Investments (continued)
April 30, 2010 (unaudited)
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Electric Utilities | |||||||||||
NV Energy, Inc. | 6,300 | $ | 78,687 | ||||||||
PNM Resources, Inc. | 2,700 | 36,693 | |||||||||
Westar Energy, Inc. | 3,100 | 73,439 | |||||||||
512,395 | |||||||||||
Electrical Equipment (1.9%) | |||||||||||
AMETEK, Inc. | 3,000 | 129,750 | |||||||||
Brady Corp. Class A | 300 | 10,308 | |||||||||
EnerSys* | 300 | 7,764 | |||||||||
General Cable Corp.* | 49,800 | 1,422,786 | |||||||||
Hubbell, Inc. Class B | 1,400 | 65,058 | |||||||||
Regal-Beloit Corp. | 1,100 | 69,597 | |||||||||
Roper Industries, Inc.§ | 300 | 18,306 | |||||||||
SunPower Corp. Class B* | 1,042 | 15,672 | |||||||||
Thomas & Betts Corp.* | 1,500 | 62,910 | |||||||||
Woodward Governor Co. | 3,500 | 112,175 | |||||||||
1,914,326 | |||||||||||
Electronic Equipment, Instruments & Components (1.7%) | |||||||||||
Arrow Electronics, Inc.* | 3,100 | 94,550 | |||||||||
Avnet, Inc.* | 3,900 | 124,683 | |||||||||
Benchmark Electronics, Inc.* | 1,500 | 32,460 | |||||||||
Ingram Micro, Inc. Class A* | 4,500 | 81,720 | |||||||||
Itron, Inc.* | 1,000 | 79,610 | |||||||||
Jabil Circuit, Inc. | 25,300 | 387,596 | |||||||||
National Instruments Corp.§ | 1,900 | 65,702 | |||||||||
Tech Data Corp.* | 3,400 | 145,860 | |||||||||
Trimble Navigation, Ltd.*§ | 3,200 | 104,672 | |||||||||
Vishay Intertechnology, Inc.* | 53,200 | 553,812 | |||||||||
1,670,665 | |||||||||||
Energy Equipment & Services (3.7%) | |||||||||||
Atwood Oceanics, Inc.* | 1,500 | 54,615 | |||||||||
CARBO Ceramics, Inc.§ | 200 | 14,650 | |||||||||
Complete Production Services, Inc.*§ | 1,100 | 16,599 | |||||||||
Dresser-Rand Group, Inc.* | 30,724 | 1,083,943 | |||||||||
Exterran Holdings, Inc.*§ | 1,700 | 49,555 | |||||||||
FMC Technologies, Inc.* | 7,300 | 494,137 | |||||||||
Helix Energy Solutions Group, Inc.* | 2,600 | 37,908 | |||||||||
Helmerich & Payne, Inc.§ | 300 | 12,186 | |||||||||
Oceaneering International, Inc.*§ | 1,500 | 98,250 | |||||||||
Patterson-UTI Energy, Inc.§ | 4,100 | 62,689 | |||||||||
Pride International, Inc.* | 4,600 | 139,518 | |||||||||
Rowan Cos., Inc.*§ | 48,600 | 1,448,280 | |||||||||
Superior Energy Services, Inc.* | 2,200 | 59,532 | |||||||||
Tidewater, Inc.§ | 1,600 | 85,776 | |||||||||
Unit Corp.* | 1,100 | 52,547 | |||||||||
3,710,185 |
See Accompanying Notes to Financial Statements.
31
Credit Suisse Mid-Cap Core Fund
Schedule of Investments (continued)
April 30, 2010 (unaudited)
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Food & Staples Retailing (0.1%) | |||||||||||
BJ's Wholesale Club, Inc.*§ | 1,400 | $ | 53,592 | ||||||||
Ruddick Corp.§ | 1,100 | 38,874 | |||||||||
Safeway, Inc.§ | 364 | 8,590 | |||||||||
101,056 | |||||||||||
Food Products (1.2%) | |||||||||||
Corn Products International, Inc. | 2,000 | 72,000 | |||||||||
Dean Foods Co.* | 1,200 | 18,840 | |||||||||
Flowers Foods, Inc.§ | 2,200 | 57,992 | |||||||||
Green Mountain Coffee Roasters, Inc.*§ | 900 | 65,394 | |||||||||
Hormel Foods Corp. | 300 | 12,228 | |||||||||
Lancaster Colony Corp.§ | 9,236 | 507,703 | |||||||||
McCormick & Co., Inc.§ | 300 | 11,871 | |||||||||
Mead Johnson Nutrition Co. | 2,864 | 147,811 | |||||||||
Ralcorp Holdings, Inc.* | 1,600 | 106,480 | |||||||||
Smithfield Foods, Inc.* | 3,800 | 71,212 | |||||||||
The Hershey Co. | 1,395 | 65,579 | |||||||||
Tootsie Roll Industries, Inc. | 1,033 | 27,478 | |||||||||
Tyson Foods, Inc. Class A | 900 | 17,631 | |||||||||
1,182,219 | |||||||||||
Gas Utilities (0.6%) | |||||||||||
AGL Resources, Inc. | 2,100 | 82,971 | |||||||||
Atmos Energy Corp. | 2,500 | 73,950 | |||||||||
Energen Corp. | 2,134 | 104,289 | |||||||||
National Fuel Gas Co. | 2,300 | 119,646 | |||||||||
Nicor, Inc.§ | 1,300 | 56,563 | |||||||||
ONEOK, Inc.§ | 300 | 14,742 | |||||||||
UGI Corp. | 3,000 | 82,470 | |||||||||
WGL Holdings, Inc.§ | 1,500 | 53,610 | |||||||||
588,241 | |||||||||||
Health Care Equipment & Supplies (3.5%) | |||||||||||
Align Technology, Inc.*§ | 4,100 | 69,618 | |||||||||
Beckman Coulter, Inc. | 1,900 | 118,560 | |||||||||
CR Bard, Inc. | 300 | 25,959 | |||||||||
Edwards Lifesciences Corp.* | 1,700 | 175,236 | |||||||||
Gen-Probe, Inc.* | 1,400 | 66,346 | |||||||||
Hill-Rom Holdings, Inc. | 1,700 | 53,907 | |||||||||
Hologic, Inc.* | 17,900 | 319,873 | |||||||||
Idexx Laboratories, Inc.*§ | 1,600 | 105,824 | |||||||||
Immucor, Inc.*§ | 11,800 | 252,638 | |||||||||
Kinetic Concepts, Inc.*§ | 10,300 | 445,990 | |||||||||
Masimo Corp.§ | 1,400 | 32,774 | |||||||||
ResMed, Inc.*§ | 2,200 | 150,546 | |||||||||
STERIS Corp. | 12,600 | 419,328 | |||||||||
Teleflex, Inc. | 1,100 | 67,452 | |||||||||
Thoratec Corp.*§ | 22,500 | 1,003,275 | |||||||||
Varian Medical Systems, Inc.* | 2,800 | 157,864 | |||||||||
3,465,190 |
See Accompanying Notes to Financial Statements.
32
Credit Suisse Mid-Cap Core Fund
Schedule of Investments (continued)
April 30, 2010 (unaudited)
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Health Care Providers & Services (2.5%) | |||||||||||
Community Health Systems, Inc.* | 4,600 | $ | 187,956 | ||||||||
Cross Country Healthcare, Inc.*§ | 55 | 551 | |||||||||
Emergency Medical Services Corp. Class A* | 300 | 15,864 | |||||||||
Health Management Associates, Inc. Class A* | 7,295 | 67,989 | |||||||||
Health Net, Inc.* | 2,900 | 63,858 | |||||||||
Henry Schein, Inc.* | 2,600 | 157,222 | |||||||||
Humana, Inc.* | 28,000 | 1,280,160 | |||||||||
Kindred Healthcare, Inc.* | 1,022 | 18,232 | |||||||||
LifePoint Hospitals, Inc.*§ | 1,500 | 57,270 | |||||||||
Lincare Holdings, Inc.*§ | 1,982 | 92,540 | |||||||||
Omnicare, Inc. | 3,600 | 100,044 | |||||||||
Owens & Minor, Inc.§ | 1,950 | 61,328 | |||||||||
Psychiatric Solutions, Inc.*§ | 1,600 | 51,472 | |||||||||
Universal Health Services, Inc. Class B | 2,600 | 96,512 | |||||||||
VCA Antech, Inc.*§ | 2,400 | 68,304 | |||||||||
WellCare Health Plans, Inc.*§ | 7,900 | 226,177 | |||||||||
2,545,479 | |||||||||||
Health Care Technology (0.2%) | |||||||||||
Cerner Corp.*§ | 1,800 | 152,838 | |||||||||
Hotels, Restaurants & Leisure (1.0%) | |||||||||||
Bally Technologies, Inc.*§ | 2,000 | 92,240 | |||||||||
Bob Evans Farms, Inc. | 3,800 | 117,534 | |||||||||
Boyd Gaming Corp.*§ | 1,400 | 17,780 | |||||||||
Brinker International, Inc. | 2,900 | 53,708 | |||||||||
Burger King Holdings, Inc. | 2,200 | 46,420 | |||||||||
Chipotle Mexican Grill, Inc.* | 1,000 | 134,910 | |||||||||
Darden Restaurants, Inc. | 300 | 13,425 | |||||||||
International Speedway Corp. Class A | 600 | 18,336 | |||||||||
Life Time Fitness, Inc.*§ | 1,100 | 40,436 | |||||||||
Panera Bread Co. Class A*§ | 1,100 | 85,734 | |||||||||
Scientific Games Corp. Class A*§ | 1,700 | 25,007 | |||||||||
The Cheesecake Factory, Inc.*§ | 1,900 | 51,623 | |||||||||
Wendy's/Arby's Group, Inc. Class A | 36,100 | 191,691 | |||||||||
WMS Industries, Inc.*§ | 1,600 | 80,032 | |||||||||
968,876 | |||||||||||
Household Durables (1.7%) | |||||||||||
American Greetings Corp. Class A§ | 1,700 | 41,752 | |||||||||
KB Home§ | 1,700 | 31,501 | |||||||||
Leggett & Platt, Inc. | 658 | 16,141 | |||||||||
M.D.C. Holdings, Inc.§ | 1,000 | 38,300 | |||||||||
Mohawk Industries, Inc.*§ | 1,500 | 95,610 | |||||||||
Newell Rubbermaid, Inc. | 1,800 | 30,726 | |||||||||
NVR, Inc.*§ | 900 | 646,245 | |||||||||
The Ryland Group, Inc.§ | 1,100 | 25,058 |
See Accompanying Notes to Financial Statements.
33
Credit Suisse Mid-Cap Core Fund
Schedule of Investments (continued)
April 30, 2010 (unaudited)
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Household Durables | |||||||||||
Toll Brothers, Inc.*§ | 3,700 | $ | 83,509 | ||||||||
Tupperware Brands Corp. | 1,800 | 91,926 | |||||||||
Whirlpool Corp. | 5,200 | 566,124 | |||||||||
1,666,892 | |||||||||||
Household Products (0.3%) | |||||||||||
Church & Dwight Co., Inc. | 2,000 | 138,500 | |||||||||
Energizer Holdings, Inc.* | 2,000 | 122,200 | |||||||||
260,700 | |||||||||||
Independent Power Producers & Energy Traders (2.7%) | |||||||||||
Constellation Energy Group, Inc. | 75,400 | 2,665,390 | |||||||||
NRG Energy, Inc.* | 1,600 | 38,672 | |||||||||
2,704,062 | |||||||||||
Industrial Conglomerates (0.1%) | |||||||||||
Carlisle Cos., Inc. | 1,700 | 64,141 | |||||||||
Insurance (3.0%) | |||||||||||
American Financial Group, Inc. | 2,050 | 60,332 | |||||||||
American International Group, Inc.*§ | 4,000 | 155,600 | |||||||||
Arthur J. Gallagher & Co.§ | 2,900 | 76,183 | |||||||||
Brown & Brown, Inc. | 3,200 | 64,448 | |||||||||
Everest Re Group, Ltd. | 6,200 | 475,230 | |||||||||
Fidelity National Financial, Inc. Class A | 6,400 | 97,152 | |||||||||
First American Corp. | 5,700 | 197,049 | |||||||||
Genworth Financial, Inc. Class A* | 27,100 | 447,692 | |||||||||
Hanover Insurance Group, Inc.§ | 1,549 | 69,782 | |||||||||
HCC Insurance Holdings, Inc. | 15,100 | 410,569 | |||||||||
Horace Mann Educators Corp. | 4,481 | 77,118 | |||||||||
Lincoln National Corp. | 500 | 15,295 | |||||||||
Mercury General Corp.§ | 900 | 40,491 | |||||||||
Old Republic International Corp. | 6,600 | 99,066 | |||||||||
Principal Financial Group, Inc. | 600 | 17,532 | |||||||||
Protective Life Corp. | 2,400 | 57,768 | |||||||||
Reinsurance Group of America, Inc. | 1,900 | 98,097 | |||||||||
StanCorp Financial Group, Inc.§ | 3,586 | 161,227 | |||||||||
Transatlantic Holdings, Inc. | 1,500 | 74,595 | |||||||||
Unitrin, Inc. | 1,964 | 57,447 | |||||||||
Unum Group | 600 | 14,682 | |||||||||
W.R. Berkley Corp. | 3,500 | 94,500 | |||||||||
XL Capital, Ltd. Class A | 10,100 | 179,780 | |||||||||
3,041,635 | |||||||||||
Internet & Catalog Retail (0.5%) | |||||||||||
Expedia, Inc. | 14,000 | 330,540 | |||||||||
NetFlix, Inc.*§ | 1,300 | 128,401 | |||||||||
priceline.com, Inc.* | 100 | 26,205 | |||||||||
485,146 |
See Accompanying Notes to Financial Statements.
34
Credit Suisse Mid-Cap Core Fund
Schedule of Investments (continued)
April 30, 2010 (unaudited)
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Internet Software & Services (1.6%) | |||||||||||
Digital River, Inc.* | 3,600 | $ | 100,584 | ||||||||
Equinix, Inc.*§ | 1,000 | 100,650 | |||||||||
Sohu.com, Inc.* | 17,500 | 842,625 | |||||||||
ValueClick, Inc.*§ | 18,100 | 186,068 | |||||||||
VeriSign, Inc.*§ | 15,300 | 417,231 | |||||||||
1,647,158 | |||||||||||
IT Services (3.2%) | |||||||||||
Acxiom Corp.* | 5,300 | 101,124 | |||||||||
Alliance Data Systems Corp.*§ | 1,500 | 112,590 | |||||||||
Broadridge Financial Solutions, Inc. | 3,812 | 90,764 | |||||||||
Convergys Corp.* | 3,500 | 44,240 | |||||||||
DST Systems, Inc.§ | 1,000 | 42,450 | |||||||||
Fidelity National Information Services, Inc. | 10,635 | 279,594 | |||||||||
Gartner, Inc.*§ | 44,254 | 1,065,636 | |||||||||
Global Payments, Inc. | 2,330 | 99,747 | |||||||||
Hewitt Associates, Inc. Class A* | 2,300 | 94,277 | |||||||||
Lender Processing Services, Inc. | 9,240 | 348,810 | |||||||||
ManTech International Corp. Class A* | 6,600 | 297,198 | |||||||||
NeuStar, Inc. Class A* | 7,000 | 171,290 | |||||||||
SRA International, Inc. Class A* | 1,100 | 25,388 | |||||||||
VeriFone Holdings, Inc.* | 23,700 | 451,011 | |||||||||
Wright Express Corp.*§ | 300 | 10,191 | |||||||||
3,234,310 | |||||||||||
Leisure Equipment & Products (0.0%) | |||||||||||
Hasbro, Inc. | 400 | 15,344 | |||||||||
Life Sciences Tools & Services (0.8%) | |||||||||||
Affymetrix, Inc.*§ | 7,700 | 53,438 | |||||||||
Bio-Rad Laboratories, Inc. Class A* | 2,200 | 245,718 | |||||||||
Charles River Laboratories International, Inc.* | 1,700 | 56,916 | |||||||||
Covance, Inc.*§ | 1,600 | 91,424 | |||||||||
Mettler-Toledo International, Inc.* | 1,100 | 138,028 | |||||||||
Millipore Corp.* | 300 | 31,845 | |||||||||
Pharmaceutical Product Development, Inc. | 3,200 | 88,000 | |||||||||
Techne Corp. | 1,200 | 79,500 | |||||||||
Varian, Inc.*§ | 900 | 46,611 | |||||||||
Waters Corp.*§ | 300 | 21,597 | |||||||||
853,077 | |||||||||||
Machinery (3.0%) | |||||||||||
AGCO Corp.*§ | 2,500 | 87,550 | |||||||||
Bucyrus International, Inc. | 4,300 | 270,943 | |||||||||
Crane Co. | 1,700 | 61,098 | |||||||||
Donaldson Co., Inc.§ | 15,400 | 713,020 | |||||||||
Federal Signal Corp. | 8,613 | 69,421 | |||||||||
Graco, Inc. | 9,600 | 332,928 | |||||||||
Harsco Corp. | 2,055 | 63,623 |
See Accompanying Notes to Financial Statements.
35
Credit Suisse Mid-Cap Core Fund
Schedule of Investments (continued)
April 30, 2010 (unaudited)
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Machinery | |||||||||||
IDEX Corp. | 2,300 | $ | 77,280 | ||||||||
Joy Global, Inc. | 4,000 | 227,240 | |||||||||
Kennametal, Inc.§ | 2,200 | 72,292 | |||||||||
Lincoln Electric Holdings, Inc. | 1,100 | 65,934 | |||||||||
Navistar International Corp.*§ | 300 | 14,502 | |||||||||
Nordson Corp. | 3,800 | 272,916 | |||||||||
Oshkosh Corp.* | 2,580 | 99,639 | |||||||||
Pentair, Inc. | 2,800 | 101,248 | |||||||||
Robbins & Myers, Inc. | 300 | 7,773 | |||||||||
SPX Corp. | 1,400 | 97,832 | |||||||||
Terex Corp.*§ | 2,900 | 76,908 | |||||||||
The Timken Co. | 2,100 | 73,878 | |||||||||
Toro Co. | 300 | 17,082 | |||||||||
Trinity Industries, Inc.§ | 2,300 | 57,247 | |||||||||
Valmont Industries, Inc.§ | 1,000 | 83,290 | |||||||||
WABCO Holdings, Inc.* | 300 | 9,957 | |||||||||
Wabtec Corp.§ | 1,300 | 61,854 | |||||||||
3,015,455 | |||||||||||
Marine (0.1%) | |||||||||||
Alexander & Baldwin, Inc. | 1,100 | 39,138 | |||||||||
Kirby Corp.*§ | 1,400 | 58,912 | |||||||||
98,050 | |||||||||||
Media (1.7%) | |||||||||||
DISH Network Corp. Class A | 16,200 | 358,830 | |||||||||
DreamWorks Animation SKG, Inc. Class A* | 2,000 | 79,380 | |||||||||
Gannett Co., Inc. | 23,900 | 406,778 | |||||||||
Harte-Hanks, Inc.§ | 6,329 | 91,138 | |||||||||
John Wiley & Sons, Inc. Class A§ | 2,079 | 87,879 | |||||||||
Lamar Advertising Co. Class A* | 6,800 | 253,096 | |||||||||
Liberty Global, Inc. Class A*§ | 300 | 8,223 | |||||||||
Liberty Media Corp. - Capital Series A* | 7,300 | 323,171 | |||||||||
Scholastic Corp.§ | 900 | 24,309 | |||||||||
The Walt Disney Co. | 1,043 | 38,424 | |||||||||
Valassis Communications, Inc.* | 600 | 19,614 | |||||||||
1,690,842 | |||||||||||
Metals & Mining (0.6%) | |||||||||||
Carpenter Technology Corp. | 1,100 | 43,197 | |||||||||
Commercial Metals Co. | 3,000 | 44,640 | |||||||||
Compass Minerals International, Inc. | 300 | 22,593 | |||||||||
Hecla Mining Co.*§ | 15,000 | 89,550 | |||||||||
Reliance Steel & Aluminum Co. | 1,900 | 92,739 | |||||||||
Steel Dynamics, Inc. | 5,800 | 91,118 | |||||||||
Worthington Industries, Inc.§ | 13,724 | 219,172 | |||||||||
603,009 |
See Accompanying Notes to Financial Statements.
36
Credit Suisse Mid-Cap Core Fund
Schedule of Investments (continued)
April 30, 2010 (unaudited)
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Multi-Utilities (0.5%) | |||||||||||
Alliant Energy Corp. | 3,100 | $ | 106,020 | ||||||||
Black Hills Corp.§ | 1,200 | 39,468 | |||||||||
MDU Resources Group, Inc. | 5,000 | 106,000 | |||||||||
NSTAR§ | 3,115 | 114,009 | |||||||||
OGE Energy Corp. | 2,600 | 107,588 | |||||||||
Vectren Corp.§ | 2,191 | 54,797 | |||||||||
527,882 | |||||||||||
Multiline Retail (2.2%) | |||||||||||
99 Cents Only Stores* | 2,300 | 35,696 | |||||||||
Big Lots, Inc.*§ | 1,800 | 68,760 | |||||||||
Dollar Tree, Inc.* | 4,900 | 297,528 | |||||||||
Family Dollar Stores, Inc.§ | 1,700 | 67,252 | |||||||||
J.C. Penney Co., Inc. | 300 | 8,751 | |||||||||
Macy's, Inc. | 54,300 | 1,259,760 | |||||||||
Nordstrom, Inc. | 9,800 | 405,034 | |||||||||
Saks, Inc.* | 4,200 | 40,950 | |||||||||
2,183,731 | |||||||||||
Office Electronics (0.1%) | |||||||||||
Xerox Corp. | 567 | 6,180 | |||||||||
Zebra Technologies Corp. Class A*§ | 1,600 | 46,480 | |||||||||
52,660 | |||||||||||
Oil, Gas & Consumable Fuels (3.0%) | |||||||||||
Alpha Natural Resources, Inc.* | 8,600 | 404,888 | |||||||||
Arch Coal, Inc.§ | 4,400 | 118,800 | |||||||||
Atlas Energy, Inc.* | 3,500 | 126,280 | |||||||||
ATP Oil & Gas Corp.*§ | 6,600 | 120,516 | |||||||||
Bill Barrett Corp.* | 1,021 | 34,796 | |||||||||
Brigham Exploration Co.*§ | 29,300 | 571,643 | |||||||||
Cimarex Energy Co. | 2,300 | 156,584 | |||||||||
CNX Gas Corp.*§ | 5,000 | 191,350 | |||||||||
Comstock Resources, Inc.*§ | 1,400 | 44,884 | |||||||||
Consol Energy, Inc. | 300 | 13,404 | |||||||||
Denbury Resources, Inc.* | 3 | 55 | |||||||||
Forest Oil Corp.* | 2,900 | 84,970 | |||||||||
Frontier Oil Corp. | 2,800 | 42,560 | |||||||||
Mariner Energy, Inc.* | 2,800 | 66,864 | |||||||||
Massey Energy Co. | 13,500 | 494,505 | |||||||||
Newfield Exploration Co.* | 3,500 | 203,665 | |||||||||
Overseas Shipholding Group, Inc. | 600 | 30,036 | |||||||||
Patriot Coal Corp.*§ | 2,000 | 39,380 | |||||||||
Plains Exploration & Production Co.* | 3,600 | 105,516 | |||||||||
Quicksilver Resources, Inc.*§ | 3,000 | 41,610 | |||||||||
Southern Union Co. | 3,400 | 88,842 | |||||||||
Swift Energy Co.*§ | 1,800 | 65,124 | |||||||||
VAALCO Energy, Inc. | 19 | 107 | |||||||||
3,046,379 |
See Accompanying Notes to Financial Statements.
37
Credit Suisse Mid-Cap Core Fund
Schedule of Investments (continued)
April 30, 2010 (unaudited)
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Paper & Forest Products (0.0%) | |||||||||||
Louisiana-Pacific Corp.*§ | 3,500 | $ | 41,160 | ||||||||
Personal Products (2.7%) | |||||||||||
Alberto-Culver Co. | 2,400 | 69,120 | |||||||||
NBTY, Inc.* | 4,200 | 170,856 | |||||||||
The Estee Lauder Cos., Inc. Class A | 37,600 | 2,478,592 | |||||||||
2,718,568 | |||||||||||
Pharmaceuticals (3.8%) | |||||||||||
Endo Pharmaceuticals Holdings, Inc.* | 28,203 | 617,646 | |||||||||
Medicis Pharmaceutical Corp. Class A | 111,183 | 2,821,824 | |||||||||
Mylan, Inc.* | 5,300 | 116,759 | |||||||||
Perrigo Co.§ | 2,200 | 134,266 | |||||||||
Valeant Pharmaceuticals International* | 1,884 | 84,780 | |||||||||
3,775,275 | |||||||||||
Professional Services (0.4%) | |||||||||||
FTI Consulting, Inc.*§ | 2,258 | 92,872 | |||||||||
Korn/Ferry International*§ | 1,430 | 23,180 | |||||||||
Manpower, Inc. | 2,000 | 112,200 | |||||||||
Navigant Consulting, Inc.* | 1,500 | 19,320 | |||||||||
The Corporate Executive Board Co. | 900 | 24,714 | |||||||||
Towers Watson & Co. | 1,700 | 81,600 | |||||||||
353,886 | |||||||||||
Real Estate Investment Trusts (5.9%) | |||||||||||
Alexandria Real Estate Equities, Inc.§ | 1,400 | 99,134 | |||||||||
AMB Property Corp. | 4,000 | 111,440 | |||||||||
American Campus Communities, Inc.§ | 1,000 | 28,170 | |||||||||
Annaly Capital Management, Inc. | 7,700 | 130,515 | |||||||||
Apartment Investment & Management Co. Class A | 16 | 359 | |||||||||
BRE Properties, Inc. | 1,500 | 62,640 | |||||||||
Camden Property Trust§ | 1,700 | 82,331 | |||||||||
CBL & Associates Properties, Inc. | 29,100 | 424,860 | |||||||||
Corporate Office Properties Trust§ | 1,500 | 60,675 | |||||||||
Cousins Properties, Inc.§ | 2,675 | 21,560 | |||||||||
Developers Diversified Realty Corp. | 34,700 | 426,463 | |||||||||
Duke Realty Corp. | 5,800 | 78,474 | |||||||||
DuPont Fabros Technology, Inc. | 2,000 | 44,340 | |||||||||
Equity Lifestyle Properties, Inc. | 13,700 | 760,487 | |||||||||
Equity One, Inc. | 1,900 | 36,879 | |||||||||
Essex Property Trust, Inc.§ | 700 | 74,074 | |||||||||
Federal Realty Investment Trust | 1,700 | 131,563 | |||||||||
Health Care REIT, Inc. | 400 | 17,972 | |||||||||
Healthcare Realty Trust, Inc. | 3,400 | 82,076 | |||||||||
Highwoods Properties, Inc.§ | 1,900 | 60,743 | |||||||||
Home Properties, Inc. | 400 | 19,876 | |||||||||
Hospitality Properties Trust | 3,500 | 92,715 | |||||||||
Liberty Property Trust | 3,100 | 104,811 |
See Accompanying Notes to Financial Statements.
38
Credit Suisse Mid-Cap Core Fund
Schedule of Investments (continued)
April 30, 2010 (unaudited)
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Real Estate Investment Trusts | |||||||||||
Mack-Cali Realty Corp. | 2,100 | $ | 72,156 | ||||||||
Mid-America Apartment Communities, Inc. | 900 | 49,743 | |||||||||
Nationwide Health Properties, Inc. | 8,000 | 280,160 | |||||||||
OMEGA Healthcare Investors, Inc. | 2,600 | 52,052 | |||||||||
Potlatch Corp.§ | 26,046 | 975,683 | |||||||||
Rayonier, Inc. | 18,127 | 887,860 | |||||||||
Realty Income Corp.§ | 2,800 | 91,812 | |||||||||
Regency Centers Corp.§ | 2,100 | 86,205 | |||||||||
Senior Housing Properties Trust | 3,100 | 69,688 | |||||||||
SL Green Realty Corp.§ | 2,000 | 124,340 | |||||||||
The Macerich Co.§ | 2,669 | 119,331 | |||||||||
UDR, Inc.§ | 4,112 | 83,515 | |||||||||
Weingarten Realty Investors | 2,800 | 64,736 | |||||||||
5,909,438 | |||||||||||
Real Estate Management & Development (0.1%) | |||||||||||
Jones Lang LaSalle, Inc. | 1,200 | 94,656 | |||||||||
Road & Rail (0.3%) | |||||||||||
Con-way, Inc. | 1,300 | 50,492 | |||||||||
J.B. Hunt Transport Services, Inc. | 2,400 | 88,464 | |||||||||
Kansas City Southern* | 2,600 | 105,430 | |||||||||
Landstar System, Inc. | 1,670 | 73,847 | |||||||||
Werner Enterprises, Inc.§ | 1,400 | 31,388 | |||||||||
349,621 | |||||||||||
Semiconductors & Semiconductor Equipment (3.4%) | |||||||||||
Atheros Communications, Inc.* | 17,000 | 660,280 | |||||||||
Atmel Corp.* | 41,600 | 226,304 | |||||||||
Cree, Inc.*§ | 2,600 | 190,346 | |||||||||
Fairchild Semiconductor International, Inc.* | 3,600 | 40,392 | |||||||||
Integrated Device Technology, Inc.* | 21,500 | 142,115 | |||||||||
International Rectifier Corp.* | 1,989 | 45,787 | |||||||||
Intersil Corp. Class A | 3,400 | 50,592 | |||||||||
Lam Research Corp.* | 3,400 | 137,870 | |||||||||
Linear Technology Corp.§ | 1,500 | 45,090 | |||||||||
Maxim Integrated Products, Inc.§ | 400 | 7,768 | |||||||||
RF Micro Devices, Inc.*§ | 27,000 | 151,740 | |||||||||
Semtech Corp.*§ | 2,101 | 38,133 | |||||||||
Silicon Laboratories, Inc.*§ | 1,400 | 67,690 | |||||||||
Veeco Instruments, Inc.*§ | 23,600 | 1,038,164 | |||||||||
Xilinx, Inc.§ | 22,200 | 572,316 | |||||||||
3,414,587 |
See Accompanying Notes to Financial Statements.
39
Credit Suisse Mid-Cap Core Fund
Schedule of Investments (continued)
April 30, 2010 (unaudited)
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Software (2.1%) | |||||||||||
ACI Worldwide, Inc.*§ | 800 | $ | 15,032 | ||||||||
Advent Software, Inc.* | 2,300 | 103,914 | |||||||||
AsiaInfo Holdings, Inc.*§ | 900 | 25,569 | |||||||||
Cadence Design Systems, Inc.* | 7,100 | 52,966 | |||||||||
FactSet Research Systems, Inc. | 1,400 | 105,308 | |||||||||
Fair Isaac Corp. | 6,300 | 132,678 | |||||||||
Informatica Corp.*§ | 2,400 | 60,024 | |||||||||
Jack Henry & Associates, Inc. | 3,700 | 94,424 | |||||||||
McAfee, Inc.* | 1,100 | 38,225 | |||||||||
Mentor Graphics Corp.* | 2,800 | 25,172 | |||||||||
MICROS Systems, Inc.* | 2,200 | 81,752 | |||||||||
Parametric Technology Corp.* | 3,300 | 61,347 | |||||||||
Quest Software, Inc.* | 1,600 | 28,048 | |||||||||
Red Hat, Inc.* | 31,100 | 928,957 | |||||||||
Rovi Corp.* | 3,000 | 116,940 | |||||||||
Solera Holdings, Inc. | 2,000 | 77,740 | |||||||||
Sybase, Inc.*§ | 2,500 | 108,450 | |||||||||
Synopsys, Inc.* | 3,900 | 88,569 | |||||||||
2,145,115 | |||||||||||
Specialty Retail (4.8%) | |||||||||||
Aaron's, Inc.§ | 3,250 | 73,352 | |||||||||
Advance Auto Parts, Inc. | 12,200 | 550,220 | |||||||||
Aeropostale, Inc.*§ | 49,700 | 1,443,288 | |||||||||
American Eagle Outfitters, Inc. | 5,700 | 95,817 | |||||||||
AnnTaylor Stores Corp.*§ | 1,600 | 34,720 | |||||||||
Barnes & Noble, Inc. | 1,000 | 22,040 | |||||||||
CarMax, Inc.*§ | 5,900 | 144,963 | |||||||||
Chico's FAS, Inc.§ | 5,200 | 77,428 | |||||||||
Coldwater Creek, Inc.*§ | 2,200 | 15,576 | |||||||||
Collective Brands, Inc.* | 10,000 | 234,500 | |||||||||
Dick's Sporting Goods, Inc.* | 3,100 | 90,241 | |||||||||
Foot Locker, Inc. | 4,500 | 69,075 | |||||||||
GameStop Corp. Class A*§ | 5,300 | 128,843 | |||||||||
Guess?, Inc. | 1,600 | 73,392 | |||||||||
J. Crew Group, Inc.*§ | 1,700 | 78,999 | |||||||||
Monro Muffler, Inc.§ | 500 | 17,930 | |||||||||
OfficeMax, Inc.*§ | 25,300 | 480,700 | |||||||||
PetSmart, Inc. | 3,400 | 112,438 | |||||||||
RadioShack Corp. | 12,300 | 265,065 | |||||||||
Rent-A-Center, Inc.* | 13,700 | 353,734 | |||||||||
Ross Stores, Inc.§ | 5,506 | 308,336 | |||||||||
The Dress Barn, Inc.* | 1,300 | 35,984 | |||||||||
The Gymboree Corp.*§ | 500 | 24,565 | |||||||||
Urban Outfitters, Inc.* | 400 | 15,004 | |||||||||
Williams-Sonoma, Inc.§ | 3,000 | 86,400 | |||||||||
4,832,610 |
See Accompanying Notes to Financial Statements.
40
Credit Suisse Mid-Cap Core Fund
Schedule of Investments (continued)
April 30, 2010 (unaudited)
Number of Shares | Value | ||||||||||
COMMON STOCKS | |||||||||||
Textiles, Apparel & Luxury Goods (2.7%) | |||||||||||
Fossil, Inc.* | 1,300 | $ | 50,570 | ||||||||
Hanesbrands, Inc.* | 2,500 | 71,175 | |||||||||
Jones Apparel Group, Inc. | 25,600 | 557,056 | |||||||||
Lululemon Athletica, Inc.*§ | 3,300 | 124,146 | |||||||||
Phillips-Van Heusen Corp. | 1,400 | 88,214 | |||||||||
Skechers U.S.A., Inc. Class A* | 11,600 | 444,860 | |||||||||
Steven Madden, Ltd.* | 300 | 17,388 | |||||||||
The Timberland Co. Class A* | 6,000 | 129,000 | |||||||||
The Warnaco Group, Inc.* | 25,700 | 1,229,488 | |||||||||
Under Armour, Inc. Class A*§ | 1,283 | 43,301 | |||||||||
2,755,198 | |||||||||||
Thrifts & Mortgage Finance (0.4%) | |||||||||||
Astoria Financial Corp.§ | 2,201 | 35,524 | |||||||||
First Niagara Financial Group, Inc. | 4,927 | 68,485 | |||||||||
New York Community Bancorp, Inc.§ | 11,000 | 181,170 | |||||||||
NewAlliance Bancshares, Inc.§ | 4,799 | 62,531 | |||||||||
Washington Federal, Inc. | 2,927 | 60,209 | |||||||||
407,919 | |||||||||||
Tobacco (0.0%) | |||||||||||
Universal Corp.§ | 900 | 46,602 | |||||||||
Trading Companies & Distributors (0.2%) | |||||||||||
GATX Corp.§ | 1,200 | 39,168 | |||||||||
MSC Industrial Direct Co., Inc. Class A | 1,300 | 70,837 | |||||||||
United Rentals, Inc.*§ | 1,500 | 21,540 | |||||||||
WW Grainger, Inc. | 200 | 22,108 | |||||||||
153,653 | |||||||||||
Water Utilities (0.1%) | |||||||||||
Aqua America, Inc.§ | 3,700 | 67,821 | |||||||||
Wireless Telecommunication Services (1.4%) | |||||||||||
NII Holdings, Inc.* | 400 | 16,968 | |||||||||
Syniverse Holdings, Inc.* | 3,000 | 60,240 | |||||||||
Telephone & Data Systems, Inc. | 37,100 | 1,285,886 | |||||||||
1,363,094 | |||||||||||
TOTAL COMMON STOCKS (Cost $91,379,645) | 98,974,156 |
See Accompanying Notes to Financial Statements.
41
Credit Suisse Mid-Cap Core Fund
Schedule of Investments (continued)
April 30, 2010 (unaudited)
Number of Shares | Value | ||||||||||
SHORT-TERM INVESTMENTS (27.3%) | |||||||||||
State Street Navigator Prime Portfolio§§ | 25,694,643 | $ | 25,694,643 | ||||||||
Par (000) | |||||||||||
State Street Bank and Trust Co. Euro Time Deposit, 0.010%, 05/03/10 | $ | 1,717 | 1,717,000 | ||||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $27,411,643) | 27,411,643 | ||||||||||
TOTAL INVESTMENTS AT VALUE (126.1%) (Cost $118,791,288) | 126,385,799 | ||||||||||
LIABILITIES IN EXCESS OF OTHER ASSETS (-26.1%) | (26,159,893 | ) | |||||||||
NET ASSETS (100.0%) | $ | 100,225,906 |
* Non-income producing security.
§ Security or portion thereof is out on loan.
§§ Represents security purchased with cash collateral received for securities on loan.
See Accompanying Notes to Financial Statements.
42
Credit Suisse Funds
Statements of Assets and Liabilities
April 30, 2010 (unaudited)
Large Cap Growth Fund | Mid-Cap Core Fund | ||||||||||
Assets | |||||||||||
Investments at value, including collateral for securities on loan of $5,060,220 and $25,694,643, respectively (Cost $56,548,588 and $118,791,288, respectively) (Note 2) | $ | 62,293,9791 | $ | 126,385,7992 | |||||||
Cash | 143 | — | |||||||||
Receivable for investments sold | 2,068,767 | 3,126,302 | |||||||||
Dividend and interest receivable | 21,507 | 26,969 | |||||||||
Receivable for fund shares sold | 6,029 | 23,136 | |||||||||
Prepaid expenses and other assets | 45,500 | 48,346 | |||||||||
Total Assets | 64,435,925 | 129,610,552 | |||||||||
Liabilities | |||||||||||
Advisory fee payable (Note 3) | 12,536 | 61,852 | |||||||||
Administrative services fee payable (Note 3) | 10,975 | 19,759 | |||||||||
Shareholder servicing/Distribution fee payable (Note 3) | 2,242 | 9,118 | |||||||||
Payable upon return of securities loaned (Note 2) | 5,060,220 | 25,694,643 | |||||||||
Payable for investments purchased | 1,811,120 | 2,900,539 | |||||||||
Due to custodian | — | 492,683 | |||||||||
Payable for fund shares redeemed | 288,149 | 93,138 | |||||||||
Trustees'/Directors' fee payable | 5,572 | 5,626 | |||||||||
Other accrued expenses payable | 60,834 | 107,288 | |||||||||
Total Liabilities | 7,251,648 | 29,384,646 | |||||||||
Net Assets | |||||||||||
Capital stock, $.001 par value (Note 6) | 3,306 | 2,895 | |||||||||
Paid-in capital (Note 6) | 287,066,320 | 137,172,050 | |||||||||
Undistributed (accumulated) net investment income (loss) | 41,542 | (170,182 | ) | ||||||||
Accumulated net realized loss on investments, foreign currency transactions and futures contracts | (235,672,282 | ) | (44,373,368 | ) | |||||||
Net unrealized appreciation from investments | 5,745,391 | 7,594,511 | |||||||||
Net Assets | $ | 57,184,277 | $ | 100,225,906 | |||||||
Common Shares | |||||||||||
Net assets | $ | 54,898,221 | $ | 94,156,366 | |||||||
Shares outstanding | 3,167,382 | 2,706,620 | |||||||||
Net asset value, offering price and redemption price per share | $ | 17.33 | $ | 34.79 | |||||||
Advisor Shares | |||||||||||
Net assets | $ | 1,083,982 | $ | 5,346,103 | |||||||
Shares outstanding | 66,905 | 167,257 | |||||||||
Net asset value, offering price and redemption price per share | $ | 16.20 | $ | 31.96 |
See Accompanying Notes to Financial Statements.
43
Credit Suisse Funds
Statements of Assets and Liabilities (continued)
April 30, 2010 (unaudited)
Large Cap Growth Fund | Mid-Cap Core Fund | ||||||||||
A Shares | |||||||||||
Net assets | $ | 891,374 | $ | 667,969 | |||||||
Shares outstanding | 52,486 | 19,471 | |||||||||
Net asset value and redemption price per share | $ | 16.98 | $ | 34.31 | |||||||
Maximum offering price per share (net asset value/(1-5.75%)) | $ | 18.02 | $ | 36.40 | |||||||
B Shares | |||||||||||
Net assets | $ | 134,130 | $ | 47,310 | |||||||
Shares outstanding | 8,418 | 1,440 | |||||||||
Net asset value and offering price per share | $ | 15.93 | $ | 32.84 | |||||||
C Shares | |||||||||||
Net assets | $ | 176,570 | $ | 8,158 | |||||||
Shares outstanding | 11,081 | 248 | |||||||||
Net asset value and offering price per share | $ | 15.94 | $ | 32.92 |
1 Including $4,869,139 of securities on loan.
2 Including $24,692,080 of securities on loan.
See Accompanying Notes to Financial Statements.
44
Credit Suisse Funds
Statements of Operations
For the Six Months Ended April 30, 2010 (unaudited)
Large Cap Growth Fund | Mid-Cap Core Fund | ||||||||||
Investment Income (Note 2) | |||||||||||
Dividends | $ | 391,216 | $ | 815,004 | |||||||
Interest | 79 | 163 | |||||||||
Securities lending | 3,725 | 21,051 | |||||||||
Total investment income | 395,020 | 836,218 | |||||||||
Expenses | |||||||||||
Investment advisory fees (Note 3) | 139,310 | 329,828 | |||||||||
Administrative services fees (Note 3) | 54,533 | 83,463 | |||||||||
Shareholder servicing/Distribution fees (Note 3) | |||||||||||
Advisor Class | 2,567 | 12,981 | |||||||||
Class A | 1,085 | 812 | |||||||||
Class B | 697 | 273 | |||||||||
Class C | 834 | 13 | |||||||||
Custodian fees | 80,927 | 114,347 | |||||||||
Transfer agent fees (Note 3) | 61,603 | 119,111 | |||||||||
Registration fees | 31,945 | 31,350 | |||||||||
Printing fees (Note 3) | 22,267 | 23,320 | |||||||||
Legal fees | 16,134 | 13,134 | |||||||||
Audit and tax fees | 13,237 | 15,734 | |||||||||
Trustees'/Directors' fees | 12,500 | 12,554 | |||||||||
Insurance expense | 2,984 | 5,149 | |||||||||
Commitment fees (Note 4) | 659 | 1,143 | |||||||||
Miscellaneous expense | 4,241 | 4,748 | |||||||||
Total expenses | 445,523 | 767,960 | |||||||||
Less: fees waived (Note 3) | (92,065 | ) | (70,676 | ) | |||||||
Net expenses | 353,458 | 697,284 | |||||||||
Net investment income | 41,562 | 138,934 | |||||||||
Net Realized and Unrealized Gain from Investments | |||||||||||
Net realized gain from investments | 7,069,354 | 9,246,462 | |||||||||
Net change in unrealized appreciation (depreciation) from investments | 2,547,983 | 10,463,044 | |||||||||
Net realized and unrealized gain from investments | 9,617,337 | 19,709,506 | |||||||||
Net increase in net assets resulting from operations | $ | 9,658,899 | $ | 19,848,440 |
See Accompanying Notes to Financial Statements.
45
Credit Suisse Funds
Statements of Changes in Net Assets
Large Cap Growth Fund | Mid-Cap Core Fund | ||||||||||||||||||
For the Six Months Ended April 30, 2010 (unaudited) | For the Year Ended October 31, 2009 | For the Six Months Ended April 30, 2010 (unaudited) | For the Year Ended October 31, 2009 | ||||||||||||||||
From Operations | |||||||||||||||||||
Net investment income | $ | 41,562 | $ | 325,747 | $ | 138,934 | $ | 586,866 | |||||||||||
Net realized gain (loss) from investments and foreign currency transactions | 7,069,354 | (10,663,694 | ) | 9,246,462 | (18,702,078 | ) | |||||||||||||
Net change in unrealized appreciation (depreciation) from investments and foreign currency translations | 2,547,983 | 17,332,367 | 10,463,044 | 29,019,527 | |||||||||||||||
Net increase in net assets resulting from operations | 9,658,899 | 6,994,420 | 19,848,440 | 10,904,315 | |||||||||||||||
From Dividends | |||||||||||||||||||
Dividends from net investment income Common Class shares | (310,911 | ) | (208,055 | ) | (574,539 | ) | (882,626 | ) | |||||||||||
Advisor Class shares | (6,293 | ) | (4,669 | ) | (16,567 | ) | (17,209 | ) | |||||||||||
Class A shares | (4,123 | ) | (2,558 | ) | (3,059 | ) | (1,919 | ) | |||||||||||
Class B shares | (895 | ) | (1,143 | ) | (188 | ) | (149 | ) | |||||||||||
Class C shares | (1,039 | ) | (760 | ) | (3 | ) | (3 | ) | |||||||||||
Net decrease in net assets resulting from dividends | (323,261 | ) | (217,185 | ) | (594,356 | ) | (901,906 | ) | |||||||||||
From Capital Share Transactions (Note 6) | |||||||||||||||||||
Proceeds from sale of shares | 2,110,025 | 1,614,989 | 3,272,239 | 6,962,140 | |||||||||||||||
Reinvestment of dividends | 310,000 | 207,750 | 585,589 | 889,594 | |||||||||||||||
Net asset value of shares redeemed | (5,553,875 | ) | (9,972,566 | ) | (11,199,109 | ) | (18,590,033 | ) | |||||||||||
Net decrease in net assets from capital share transactions | (3,133,850 | ) | (8,149,827 | ) | (7,341,281 | ) | (10,738,299 | ) | |||||||||||
Net increase (decrease) in net assets | 6,201,788 | (1,372,592 | ) | 11,912,803 | (735,890 | ) | |||||||||||||
Net Assets | |||||||||||||||||||
Beginning of period | 50,982,489 | 52,355,081 | 88,313,103 | 89,048,993 | |||||||||||||||
End of period | $ | 57,184,277 | $ | 50,982,489 | $ | 100,225,906 | $ | 88,313,103 | |||||||||||
Undistributed (accumulated) net investment income (loss) | $ | 41,542 | $ | 323,241 | $ | (170,182 | ) | $ | 285,240 |
See Accompanying Notes to Financial Statements.
46
Credit Suisse Large Cap Growth Fund
Financial Highlights
(For a Common Class Share of the Fund Outstanding Throughout Each Period)
For the Six Months Ended April 30, 2010 | For the Year Ended October 31, | ||||||||||||||||||||||||||
(unaudited) | 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||||||||
Per share data | |||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 14.62 | $ | 12.58 | $ | 20.32 | $ | 17.40 | $ | 16.49 | $ | 15.26 | |||||||||||||||
INVESTMENT OPERATIONS | |||||||||||||||||||||||||||
Net investment income (loss)1 | 0.01 | 0.09 | 0.05 | 0.01 | (0.04 | ) | 0.01 | ||||||||||||||||||||
Net gain (loss) on investments and foreign currency related items (both realized and unrealized) | 2.79 | 2.01 | (7.79 | ) | 2.91 | 0.97 | 1.22 | ||||||||||||||||||||
Total from investment operations | 2.80 | 2.10 | (7.74 | ) | 2.92 | 0.93 | 1.23 | ||||||||||||||||||||
LESS DIVIDENDS | |||||||||||||||||||||||||||
Dividends from net investment income | (0.09 | ) | (0.06 | ) | (0.00 | )2 | — | (0.02 | ) | — | |||||||||||||||||
Total dividends | (0.09 | ) | (0.06 | ) | — | — | (0.02 | ) | — | ||||||||||||||||||
Net asset value, end of period | $ | 17.33 | $ | 14.62 | $ | 12.58 | $ | 20.32 | $ | 17.40 | $ | 16.49 | |||||||||||||||
Total return3 | 19.21 | % | 16.80 | % | (38.08 | )% | 16.78 | % | 5.62 | % | 8.06 | % | |||||||||||||||
RATIOS AND SUPPLEMENTAL DATA | |||||||||||||||||||||||||||
Net assets, end of period (000s omitted) | $ | 54,898 | $ | 49,150 | $ | 50,314 | $ | 105,404 | $ | 181,077 | $ | 291,148 | |||||||||||||||
Ratio of expenses to average net assets | 1.25 | %4 | 1.25 | % | 1.24 | % | 1.10 | % | 1.20 | % | 1.17 | % | |||||||||||||||
Ratio of net investment income (loss) to average net assets | 0.17 | %4 | 0.72 | % | 0.29 | % | 0.04 | % | (0.24 | )% | 0.09 | % | |||||||||||||||
Decrease reflected in above operating expense ratios due to waivers/reimbursements | 0.33 | %4 | 0.47 | % | — | — | — | — | |||||||||||||||||||
Portfolio turnover rate | 169 | % | 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 periods shown, total returns would have been lower. Total returns for periods less than one year are not annualized.
4 Annualized.
See Accompanying Notes to Financial Statements.
47
Credit Suisse Large Cap Growth Fund
Financial Highlights
(For an Advisor Class Share of the Fund Outstanding Throughout Each Period)
For the Six Months Ended April 30, 2010 | For the Year Ended October 31, | ||||||||||||||||||||||||||
(unaudited) | 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||||||||
Per share data | |||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 13.71 | $ | 11.86 | $ | 19.24 | $ | 16.56 | $ | 15.76 | $ | 14.65 | |||||||||||||||
INVESTMENT OPERATIONS | |||||||||||||||||||||||||||
Net investment income (loss)1 | (0.03 | ) | 0.03 | (0.03 | ) | (0.08 | ) | (0.12 | ) | (0.04 | ) | ||||||||||||||||
Net gain (loss) on investments and foreign currency related items (both realized and unrealized) | 2.61 | 1.88 | (7.35 | ) | 2.76 | 0.92 | 1.15 | ||||||||||||||||||||
Total from investment operations | 2.58 | 1.91 | (7.38 | ) | 2.68 | 0.80 | 1.11 | ||||||||||||||||||||
LESS DIVIDENDS | |||||||||||||||||||||||||||
Dividends from net investment income | (0.09 | ) | (0.06 | ) | — | — | — | — | |||||||||||||||||||
Total dividends | (0.09 | ) | (0.06 | ) | — | — | — | — | |||||||||||||||||||
Net asset value, end of period | $ | 16.20 | $ | 13.71 | $ | 11.86 | $ | 19.24 | $ | 16.56 | $ | 15.76 | |||||||||||||||
Total return2 | 18.88 | % | 16.21 | % | (38.36 | )% | 16.18 | % | 5.08 | % | 7.58 | % | |||||||||||||||
RATIOS AND SUPPLEMENTAL DATA | |||||||||||||||||||||||||||
Net assets, end of period (000s omitted) | $ | 1,084 | $ | 917 | $ | 988 | $ | 3,541 | $ | 3,729 | $ | 5,334 | |||||||||||||||
Ratio of expenses to average net assets | 1.75 | %3 | 1.75 | % | 1.71 | % | 1.60 | % | 1.70 | % | 1.67 | % | |||||||||||||||
Ratio of net investment income (loss) to average net assets | (0.35 | )%3 | 0.25 | % | (0.19 | )% | (0.46 | )% | (0.74 | )% | (0.41 | )% | |||||||||||||||
Decrease reflected in above operating expense ratios due to waivers/reimbursements | 0.33 | %3 | 0.48 | % | — | — | — | — | |||||||||||||||||||
Portfolio turnover rate | 169 | % | 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 periods shown, total returns would have been lower. Total returns for periods less than one year are not annualized.
3 Annualized.
See Accompanying Notes to Financial Statements.
48
Credit Suisse Large Cap Growth Fund
Financial Highlights
(For a Class A Share of the Fund Outstanding Throughout Each Period)
For the Six Months Ended April 30, 2010 | For the Year Ended October 31, | ||||||||||||||||||||||||||
(unaudited) | 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||||||||
Per share data | |||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 14.35 | $ | 12.38 | $ | 20.03 | $ | 17.20 | $ | 16.33 | $ | 15.14 | |||||||||||||||
INVESTMENT OPERATIONS | |||||||||||||||||||||||||||
Net investment income (loss)1 | (0.01 | ) | 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) | 2.73 | 1.97 | (7.66 | ) | 2.87 | 0.95 | 1.19 | ||||||||||||||||||||
Total from investment operations | 2.72 | 2.03 | (7.65 | ) | 2.83 | 0.87 | 1.19 | ||||||||||||||||||||
LESS DIVIDENDS | |||||||||||||||||||||||||||
Dividends from net investment income | (0.09 | ) | (0.06 | ) | — | — | — | — | |||||||||||||||||||
Total dividends | (0.09 | ) | (0.06 | ) | — | — | — | — | |||||||||||||||||||
Net asset value, end of period | $ | 16.98 | $ | 14.35 | $ | 12.38 | $ | 20.03 | $ | 17.20 | $ | 16.33 | |||||||||||||||
Total return3 | 19.01 | % | 16.50 | % | (38.19 | )% | 16.45 | % | 5.33 | % | 7.86 | % | |||||||||||||||
RATIOS AND SUPPLEMENTAL DATA | |||||||||||||||||||||||||||
Net assets, end of period (000s omitted) | $ | 891 | $ | 636 | $ | 606 | $ | 1,285 | $ | 1,329 | $ | 1,585 | |||||||||||||||
Ratio of expenses to average net assets | 1.50 | %4 | 1.50 | % | 1.50 | % | 1.35 | % | 1.45 | % | 1.42 | % | |||||||||||||||
Ratio of net investment income (loss) to average net assets | (0.17 | )%4 | 0.47 | % | 0.05 | % | (0.21 | )% | (0.49 | )% | (0.16 | )% | |||||||||||||||
Decrease reflected in above operating expense ratios due to waivers/reimbursements | 0.33 | %4 | 0.46 | % | — | — | — | — | |||||||||||||||||||
Portfolio turnover rate | 169 | % | 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 periods shown, total returns would have been lower. Total returns for periods less than one year are not annualized.
4 Annualized.
See Accompanying Notes to Financial Statements.
49
Credit Suisse Large Cap Growth Fund
Financial Highlights
(For a Class B Share of the Fund Outstanding Throughout Each Period)
For the Six Months Ended April 30, 2010 | For the Year Ended October 31, | ||||||||||||||||||||||||||
(unaudited) | 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||||||||
Per share data | |||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 13.52 | $ | 11.75 | $ | 19.16 | $ | 16.58 | $ | 15.85 | $ | 14.82 | |||||||||||||||
INVESTMENT OPERATIONS | |||||||||||||||||||||||||||
Net investment loss1 | (0.06 | ) | (0.02 | ) | (0.12 | ) | (0.17 | ) | (0.20 | ) | (0.16 | ) | |||||||||||||||
Net gain (loss) on investments and foreign currency related items (both realized and unrealized) | 2.56 | 1.85 | (7.29 | ) | 2.75 | 0.93 | 1.19 | ||||||||||||||||||||
Total from investment operations | 2.50 | 1.83 | (7.41 | ) | 2.58 | 0.73 | 1.03 | ||||||||||||||||||||
LESS DIVIDENDS | |||||||||||||||||||||||||||
Dividends from net investment income | (0.09 | ) | (0.06 | ) | — | — | — | — | |||||||||||||||||||
Total dividends | (0.09 | ) | (0.06 | ) | — | — | — | — | |||||||||||||||||||
Net asset value, end of period | $ | 15.93 | $ | 13.52 | $ | 11.75 | $ | 19.16 | $ | 16.58 | $ | 15.85 | |||||||||||||||
Total return2 | 18.55 | % | 15.68 | % | (38.67 | )% | 15.56 | % | 4.61 | % | 6.95 | % | |||||||||||||||
RATIOS AND SUPPLEMENTAL DATA | |||||||||||||||||||||||||||
Net assets, end of period (000s omitted) | $ | 134 | $ | 127 | $ | 244 | $ | 285 | $ | 498 | $ | 625 | |||||||||||||||
Ratio of expenses to average net assets | 2.25 | %3 | 2.25 | % | 2.28 | % | 2.10 | % | 2.20 | % | 2.17 | % | |||||||||||||||
Ratio of net investment loss to average net assets | (0.84 | )%3 | (0.17 | )% | (0.73 | )% | (0.97 | )% | (1.24 | )% | (0.91 | )% | |||||||||||||||
Decrease reflected in above operating expense ratios due to waivers/reimbursements | 0.33 | %3 | 0.56 | % | — | — | — | — | |||||||||||||||||||
Portfolio turnover rate | 169 | % | 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 periods shown, total returns would have been lower. Total returns for periods less than one year are not annualized.
3 Annualized.
See Accompanying Notes to Financial Statements.
50
Credit Suisse Large Cap Growth Fund
Financial Highlights
(For a Class C Share of the Fund Outstanding Throughout Each Period)
For the Six Months Ended April 30, 2010 | For the Year Ended October 31, | ||||||||||||||||||||||||||
(unaudited) | 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||||||||
Per share data | |||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 13.52 | $ | 11.75 | $ | 19.16 | $ | 16.58 | $ | 15.85 | $ | 14.81 | |||||||||||||||
INVESTMENT OPERATIONS | |||||||||||||||||||||||||||
Net investment loss1 | (0.06 | ) | (0.03 | ) | (0.12 | ) | (0.17 | ) | (0.20 | ) | (0.14 | ) | |||||||||||||||
Net gain (loss) on investments and foreign currency related items (both realized and unrealized) | 2.57 | 1.86 | (7.29 | ) | 2.75 | 0.93 | 1.18 | ||||||||||||||||||||
Total from investment operations | 2.51 | 1.83 | (7.41 | ) | 2.58 | 0.73 | 1.04 | ||||||||||||||||||||
LESS DIVIDENDS | |||||||||||||||||||||||||||
Dividends from net investment income | (0.09 | ) | (0.06 | ) | — | — | — | — | |||||||||||||||||||
Total dividends | (0.09 | ) | (0.06 | ) | — | — | — | — | |||||||||||||||||||
Net asset value, end of period | $ | 15.94 | $ | 13.52 | $ | 11.75 | $ | 19.16 | $ | 16.58 | $ | 15.85 | |||||||||||||||
Total return2 | 18.62 | % | 15.68 | % | (38.67 | )% | 15.56 | % | 4.61 | % | 7.02 | % | |||||||||||||||
RATIOS AND SUPPLEMENTAL DATA | |||||||||||||||||||||||||||
Net assets, end of period (000s omitted) | $ | 177 | $ | 152 | $ | 203 | $ | 367 | $ | 385 | $ | 471 | |||||||||||||||
Ratio of expenses to average net assets | 2.25 | %3 | 2.25 | % | 2.26 | % | 2.10 | % | 2.20 | % | 2.17 | % | |||||||||||||||
Ratio of net investment loss to average net assets | (0.85 | )%3 | (0.24 | )% | (0.72 | )% | (0.96 | )% | (1.24 | )% | (0.91 | )% | |||||||||||||||
Decrease reflected in above operating expense ratios due to waivers/reimbursements | 0.33 | %3 | 0.49 | % | — | — | — | — | |||||||||||||||||||
Portfolio turnover rate | 169 | % | 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 periods shown, total returns would have been lower. Total returns for periods less than one year are not annualized.
3 Annualized.
See Accompanying Notes to Financial Statements.
51
Credit Suisse Mid-Cap Core Fund
Financial Highlights
(For a Common Class Share of the Fund Outstanding Throughout Each Period)
For the Six Months Ended April 30, 2010 | For the Year Ended October 31, | ||||||||||||||||||||||||||
(unaudited) | 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||||||||
Per share data | |||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 28.38 | $ | 24.95 | $ | 39.24 | $ | 33.21 | $ | 31.67 | $ | 28.04 | |||||||||||||||
INVESTMENT OPERATIONS | |||||||||||||||||||||||||||
Net investment income (loss)1 | 0.05 | 0.18 | 0.09 | (0.07 | ) | (0.19 | ) | (0.27 | ) | ||||||||||||||||||
Net gain (loss) on investments and futures contracts (both realized and unrealized) | 6.54 | 3.52 | (14.38 | ) | 6.10 | 1.73 | 3.90 | ||||||||||||||||||||
Total from investment operations | 6.59 | 3.70 | (14.29 | ) | 6.03 | 1.54 | 3.63 | ||||||||||||||||||||
LESS DIVIDENDS | |||||||||||||||||||||||||||
Dividends from net investment income | (0.18 | ) | (0.27 | ) | — | — | — | — | |||||||||||||||||||
Total dividends | (0.18 | ) | (0.27 | ) | — | — | — | — | |||||||||||||||||||
Net asset value, end of period | $ | 34.79 | $ | 28.38 | $ | 24.95 | $ | 39.24 | $ | 33.21 | $ | 31.67 | |||||||||||||||
Total return2 | 23.37 | % | 15.14 | % | (36.42 | )% | 18.16 | % | 4.86 | % | 12.95 | % | |||||||||||||||
RATIOS AND SUPPLEMENTAL DATA | |||||||||||||||||||||||||||
Net assets, end of period (000s omitted) | $ | 94,156 | $ | 83,081 | $ | 83,760 | $ | 173,327 | $ | 228,798 | $ | 290,509 | |||||||||||||||
Ratio of expenses to average net assets | 1.45 | %3 | 1.45 | % | 1.32 | % | 1.25 | % | 1.35 | % | 1.39 | % | |||||||||||||||
Ratio of net investment income (loss) to average net assets | 0.33 | %3 | 0.76 | % | 0.25 | % | (0.19 | )% | (0.56 | )% | (0.87 | )% | |||||||||||||||
Decrease reflected in above operating expense ratios due to waivers/reimbursements | 0.15 | %3 | 0.23 | % | — | 0.00 | %4 | 0.03 | % | — | |||||||||||||||||
Portfolio turnover rate | 144 | % | 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 periods shown, total returns would have been lower. Total returns for periods less than one year are not annualized.
3 Annualized.
4 This amount represents less than 0.01%.
See Accompanying Notes to Financial Statements.
52
Credit Suisse Mid-Cap Core Fund
Financial Highlights
(For an Advisor Class Share of the Fund Outstanding Throughout Each Period)
For the Six Months Ended April 30, 2010 | For the Year Ended October 31, | ||||||||||||||||||||||||||
(unaudited) | 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||||||||
Per share data | |||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 26.06 | $ | 22.84 | $ | 36.09 | $ | 30.70 | $ | 29.42 | $ | 26.18 | |||||||||||||||
INVESTMENT OPERATIONS | |||||||||||||||||||||||||||
Net investment income (loss)1 | (0.03 | ) | 0.06 | (0.08 | ) | (0.23 | ) | (0.33 | ) | (0.40 | ) | ||||||||||||||||
Net gain (loss) on investments and futures contracts (both realized and unrealized) | 6.01 | 3.24 | (13.17 | ) | 5.62 | 1.61 | 3.64 | ||||||||||||||||||||
Total from investment operations | 5.98 | 3.30 | (13.25 | ) | 5.39 | 1.28 | 3.24 | ||||||||||||||||||||
LESS DIVIDENDS | |||||||||||||||||||||||||||
Dividends from net investment income | (0.08 | ) | (0.08 | ) | — | — | — | — | |||||||||||||||||||
Total dividends | (0.08 | ) | (0.08 | ) | — | — | — | — | |||||||||||||||||||
Net asset value, end of period | $ | 31.96 | $ | 26.06 | $ | 22.84 | $ | 36.09 | $ | 30.70 | $ | 29.42 | |||||||||||||||
Total return2 | 23.03 | % | 14.55 | % | (36.71 | )% | 17.56 | % | 4.35 | % | 12.38 | % | |||||||||||||||
RATIOS AND SUPPLEMENTAL DATA | |||||||||||||||||||||||||||
Net assets, end of period (000s omitted) | $ | 5,346 | $ | 4,563 | $ | 4,844 | $ | 10,892 | $ | 16,250 | $ | 24,851 | |||||||||||||||
Ratio of expenses to average net assets | 1.95 | %3 | 1.95 | % | 1.82 | % | 1.75 | % | 1.85 | % | 1.89 | % | |||||||||||||||
Ratio of net investment income (loss) to average net assets | (0.19 | )%3 | 0.28 | % | (0.25 | )% | (0.68 | )% | (1.06 | )% | (1.37 | )% | |||||||||||||||
Decrease reflected in above operating expense ratios due to waivers/reimbursements | 0.15 | %3 | 0.22 | % | — | 0.01 | % | 0.03 | % | — | |||||||||||||||||
Portfolio turnover rate | 144 | % | 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 periods shown, total returns would have been lower. Total returns for periods less than one year are not annualized.
3 Annualized.
See Accompanying Notes to Financial Statements.
53
Credit Suisse Mid-Cap Core Fund
Financial Highlights
(For a Class A Share of the Fund Outstanding Throughout Each Period)
For the Six Months Ended April 30, 2010 | For the Year Ended October 31, | ||||||||||||||||||||||||||
(unaudited) | 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||||||||
Per share data | |||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 27.97 | $ | 24.48 | $ | 38.59 | $ | 32.73 | $ | 31.29 | $ | 27.77 | |||||||||||||||
INVESTMENT OPERATIONS | |||||||||||||||||||||||||||
Net investment income (loss)1 | 0.01 | 0.09 | 0.04 | (0.15 | ) | (0.27 | ) | (0.34 | ) | ||||||||||||||||||
Net gain (loss) on investments and futures contracts (both realized and unrealized) | 6.45 | 3.52 | (14.15 | ) | 6.01 | 1.71 | 3.86 | ||||||||||||||||||||
Total from investment operations | 6.46 | 3.61 | (14.11 | ) | 5.86 | 1.44 | 3.52 | ||||||||||||||||||||
LESS DIVIDENDS | |||||||||||||||||||||||||||
Dividends from net investment income | (0.12 | ) | (0.12 | ) | — | — | — | — | |||||||||||||||||||
Total dividends | (0.12 | ) | (0.12 | ) | — | — | — | — | |||||||||||||||||||
Net asset value, end of period | $ | 34.31 | $ | 27.97 | $ | 24.48 | $ | 38.59 | $ | 32.73 | $ | 31.29 | |||||||||||||||
Total return2 | 23.22 | % | 14.88 | % | (36.56 | )% | 17.90 | % | 4.60 | % | 12.68 | % | |||||||||||||||
RATIOS AND SUPPLEMENTAL DATA | |||||||||||||||||||||||||||
Net assets, end of period (000s omitted) | $ | 668 | $ | 623 | $ | 399 | $ | 345 | $ | 555 | $ | 688 | |||||||||||||||
Ratio of expenses to average net assets | 1.70 | %3 | 1.70 | % | 1.54 | % | 1.50 | % | 1.60 | % | 1.64 | % | |||||||||||||||
Ratio of net investment income (loss) to average net assets | 0.09 | %3 | 0.37 | % | 0.11 | % | (0.42 | )% | (0.81 | )% | (1.12 | )% | |||||||||||||||
Decrease reflected in above operating expense ratios due to waivers/reimbursements | 0.15 | %3 | 0.22 | % | — | 0.01 | % | 0.03 | % | — | |||||||||||||||||
Portfolio turnover rate | 144 | % | 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 periods shown, total returns would have been lower. Total returns for periods less than one year are not annualized.
3 Annualized.
See Accompanying Notes to Financial Statements.
54
Credit Suisse Mid-Cap Core Fund
Financial Highlights
(For a Class B Share of the Fund Outstanding Throughout Each Period)
For the Six Months Ended April 30, 2010 | For the Year Ended October 31, | ||||||||||||||||||||||||||
(unaudited) | 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||||||||
Per share data | |||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 26.84 | $ | 23.63 | $ | 37.54 | $ | 32.10 | $ | 30.91 | $ | 27.64 | |||||||||||||||
INVESTMENT OPERATIONS | |||||||||||||||||||||||||||
Net investment loss1 | (0.10 | ) | (0.09 | ) | (0.27 | ) | (0.43 | ) | (0.50 | ) | (0.58 | ) | |||||||||||||||
Net gain (loss) on investments and futures contracts (both realized and unrealized) | 6.18 | 3.38 | (13.64 | ) | 5.87 | 1.69 | 3.85 | ||||||||||||||||||||
Total from investment operations | 6.08 | 3.29 | (13.91 | ) | 5.44 | 1.19 | 3.27 | ||||||||||||||||||||
LESS DIVIDENDS | |||||||||||||||||||||||||||
Dividends from net investment income | (0.08 | ) | (0.08 | ) | — | — | — | — | |||||||||||||||||||
Total dividends | (0.08 | ) | (0.08 | ) | — | — | — | — | |||||||||||||||||||
Net asset value, end of period | $ | 32.84 | $ | 26.84 | $ | 23.63 | $ | 37.54 | $ | 32.10 | $ | 30.91 | |||||||||||||||
Total return2 | 22.74 | % | 14.02 | % | (37.05 | )% | 16.95 | % | 3.85 | % | 11.83 | % | |||||||||||||||
RATIOS AND SUPPLEMENTAL DATA | |||||||||||||||||||||||||||
Net assets, end of period (000s omitted) | $ | 47 | $ | 45 | $ | 45 | $ | 124 | $ | 80 | $ | 55 | |||||||||||||||
Ratio of expenses to average net assets | 2.45 | %3 | 2.45 | % | 2.35 | % | 2.25 | % | 2.35 | % | 2.39 | % | |||||||||||||||
Ratio of net investment loss to average net assets | (0.70 | )%3 | (0.39 | )% | (0.82 | )% | (1.22 | )% | (1.56 | )% | (1.87 | )% | |||||||||||||||
Decrease reflected in above operating expense ratios due to waivers/reimbursements | 0.15 | %3 | 0.27 | % | — | 0.00 | %4 | 0.03 | % | — | |||||||||||||||||
Portfolio turnover rate | 144 | % | 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 periods shown, total returns would have been lower. Total returns for periods less than one year are not annualized.
3 Annualized.
4 This amount represents less than 0.01%.
See Accompanying Notes to Financial Statements.
55
Credit Suisse Mid-Cap Core Fund
Financial Highlights
(For a Class C Share of the Fund Outstanding Throughout Each Period)
For the Six Months Ended April 30, 2010 | For the Year Ended October 31, | ||||||||||||||||||||||||||
(unaudited) | 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||||||||
Per share data | |||||||||||||||||||||||||||
Net asset value, beginning of period | $ | 26.89 | $ | 23.67 | $ | 37.59 | $ | 32.10 | $ | 30.91 | $ | 27.67 | |||||||||||||||
INVESTMENT OPERATIONS | |||||||||||||||||||||||||||
Net investment loss1 | (0.21 | ) | (0.09 | ) | (0.22 | ) | (0.40 | ) | (0.51 | ) | (0.62 | ) | |||||||||||||||
Net gain (loss) on investments and futures contracts (both realized and unrealized) | 6.32 | 3.39 | (13.70 | ) | 5.89 | 1.70 | 3.86 | ||||||||||||||||||||
Total from investment operations | 6.11 | 3.30 | (13.92 | ) | 5.49 | 1.19 | 3.24 | ||||||||||||||||||||
LESS DIVIDENDS | |||||||||||||||||||||||||||
Dividends from net investment income | (0.08 | ) | (0.08 | ) | — | — | — | — | |||||||||||||||||||
Total dividends | (0.08 | ) | (0.08 | ) | — | — | — | — | |||||||||||||||||||
Net asset value, end of period | $ | 32.92 | $ | 26.89 | $ | 23.67 | $ | 37.59 | $ | 32.10 | $ | 30.91 | |||||||||||||||
Total return2 | 22.81 | % | 14.04 | % | (37.03 | )% | 17.10 | % | 3.85 | % | 11.71 | % | |||||||||||||||
RATIOS AND SUPPLEMENTAL DATA | |||||||||||||||||||||||||||
Net assets, end of period (000s omitted) | $ | 8 | $ | 1 | $ | 1 | $ | 1 | $ | 1 | $ | 1 | |||||||||||||||
Ratio of expenses to average net assets | 2.45 | %3 | 2.45 | % | 2.28 | % | 2.16 | % | 2.35 | % | 2.39 | % | |||||||||||||||
Ratio of net investment loss to average net assets | (1.31 | )%3 | (0.31 | )% | (0.68 | )% | (1.15 | )% | (1.56 | )% | (1.87 | )% | |||||||||||||||
Decrease reflected in above operating expense ratios due to waivers/reimbursements | 0.08 | %3 | �� | 0.25 | % | — | 0.00 | %4 | 0.03 | % | — | ||||||||||||||||
Portfolio turnover rate | 144 | % | 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 periods shown, total returns would have been lower. Total returns for periods less than one year are not annualized.
3 Annualized.
4 This amount represents less than 0.01%.
See Accompanying Notes to Financial Statements.
56
Credit Suisse Funds
Notes to Financial Statements
April 30, 2010 (unaudited)
Note 1. Organization
The Credit Suisse Funds covered in this report are Credit Suisse Large Cap Growth Fund ("Large Cap Growth") and Credit Suisse Mid-Cap Core Fund ("Mid-Cap Core"), (each 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 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
57
Credit Suisse Funds
Notes to Financial Statements (continued)
April 30, 2010 (unaudited)
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.)
58
Credit Suisse Funds
Notes to Financial Statements (continued)
April 30, 2010 (unaudited)
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 April 30, 2010 in valuing each Fund's investments carried at value:
Large Cap Growth
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||
Investments in Securities | |||||||||||||||||||
Common Stocks | $ | 56,492,759 | $ | — | $ | — | $ | 56,492,759 | |||||||||||
Short-Term Investments | 5,060,220 | 741,000 | — | 5,801,220 | |||||||||||||||
Other Financial Instruments* | — | — | — | — | |||||||||||||||
$ | 61,552,979 | $ | 741,000 | $ | — | $ | 62,293,979 |
*Other financial instruments include futures, forwards and swap contracts.
Mid-Cap Core
Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||
Investments in Securities | |||||||||||||||||||
Common Stocks | $ | 98,974,156 | $ | — | $ | — | $ | 98,974,156 | |||||||||||
Short-Term Investments | 25,694,643 | 1,717,000 | — | 27,411,643 | |||||||||||||||
Other Financial Instruments* | — | — | — | — | |||||||||||||||
$ | 124,668,799 | $ | 1,717,000 | $ | — | $ | 126,385,799 |
*Other financial instruments include futures, forwards and swap contracts.
Each Fund adopted FASB Accounting Standards Update 2010-06 "Fair Value Measurements and Disclosures (ASC 820)" which requires each Fund to disclose details of significant transfers in and out of Level 1 and Level 2 measurements and the reasons for the transfers. For the six months ended April 30, 2010, there were no significant transfers in and out of Level 1 and Level 2.
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 Funds have not entered into any derivative or hedging activities during the period covered by this report.
59
Credit Suisse Funds
Notes to Financial Statements (continued)
April 30, 2010 (unaudited)
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.
60
Credit Suisse Funds
Notes to Financial Statements (continued)
April 30, 2010 (unaudited)
Note 2. Significant Accounting Policies
Each Fund adopted the authoritative guidance for uncertainty in income taxes and recognizes a tax benefit or liability 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
61
Credit Suisse Funds
Notes to Financial Statements (continued)
April 30, 2010 (unaudited)
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 April 30, 2010, 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 six months ended April 30, 2010, 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 $5,760 and $36,383, respectively, of which $1,099 and $10,048, respectively, were rebated to borrowers (brokers). The Funds retained $3,725 and $21,051 in income, respectively, from the cash collateral investment, and SSB, as lending agent, was paid $936 and $5,284, 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 six months ended April 30, 2010, investment advisory fees earned and voluntarily waived were as follows:
Fund | Gross Investment Advisory Fee | Waiver | Net Investment Advisory Fee | ||||||||||||
Large Cap Growth | $ | 139,310 | $ | (92,065 | ) | $ | 47,245 | ||||||||
Mid-Cap Core | 329,828 | (70,676 | ) | 259,152 |
62
Credit Suisse Funds
Notes to Financial Statements (continued)
April 30, 2010 (unaudited)
Note 3. Transactions with Affiliates and Related Parties
Fee waivers and expense reimbursements are voluntary and may be discontinued by Credit Suisse at any time.
Credit Suisse Asset Management Securities, Inc. ("CSAMSI"), an affiliate of Credit Suisse, and SSB serve as co-administrators to the Funds. For its co-administrative services, CSAMSI currently receives a fee calculated at an annual rate of 0.09% of each Fund's average daily net assets. For the six months ended April 30, 2010, co-administrative services fees earned by CSAMSI were as follows:
Fund | Co-Administration Fee | ||||||
Large Cap Growth | $ | 25,076 | |||||
Mid-Cap Core | 42,407 |
For its co-administrative services, SSB receives a fee, exclusive of out-of-pocket expenses, calculated in total for all the Credit Suisse funds/portfolios co-administered by SSB and allocated based upon the relative average net assets of each fund/portfolio, subject to an annual minimum fee. For the six months ended April 30, 2010, co-administrative services fees earned by SSB (including out-of-pocket expenses) were as follows:
Fund | Co-Administration Fee | ||||||
Large Cap Growth | $ | 29,457 | |||||
Mid-Cap Core | 41,056 |
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. Credit Suisse is then reimbursed by the Funds. For the six months ended
63
Credit Suisse Funds
Notes to Financial Statements (continued)
April 30, 2010 (unaudited)
Note 3. Transactions with Affiliates and Related Parties
April 30, 2010, 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 | $ | 26,760 | |||||
Mid-Cap Core | 86,959 |
For the six months ended April 30, 2010, 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 | $ | 90 | |||||
Mid-Cap Core | 75 |
Merrill Corporation ("Merrill"), an affiliate of Credit Suisse, has been engaged by each Fund to provide certain financial printing services. For the six months ended April 30, 2010, Merrill was paid for its services by the Funds as follows:
Fund | Amount | ||||||
Large Cap Growth | $ | 31,804 | |||||
Mid-Cap Core | 32,517 |
Note 4. Line of Credit
The Funds, together with other funds/portfolios advised by Credit Suisse (collectively, the "Participating Funds"), participate in a 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 April 30, 2010, and during the six months ended April 30, 2010, the Funds had no borrowings outstanding under the Credit Facility.
64
Credit Suisse Funds
Notes to Financial Statements (continued)
April 30, 2010 (unaudited)
Note 5. Purchases and Sales of Securities
For the six months ended April 30, 2010, purchases and sales of investment securities (excluding short-term investments) were as follows:
Fund | Purchases | Sales | |||||||||
Large Cap Growth | $ | 90,816,716 | $ | 91,638,260 | |||||||
Mid-Cap Core | 130,658,561 | 135,735,102 |
At April 30, 2010, 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 from investments were as follows:
Fund | Identified Cost | Gross Unrealized Appreciation | Gross Unrealized Depreciation | Net Unrealized Appreciation | |||||||||||||||
Large Cap Growth | $ | 56,548,588 | $ | 6,805,811 | $ | (1,060,420 | ) | $ | 5,745,391 | ||||||||||
Mid-Cap Core | 118,791,288 | 15,573,492 | (7,978,981 | ) | 7,594,511 |
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 Six Months Ended April 30, 2010 (unaudited) | For the Year Ended October 31, 2009 | ||||||||||||||||||
Shares | Value | Shares | Value | ||||||||||||||||
Shares sold | 95,700 | $ | 1,576,876 | 116,826 | $ | 1,386,707 | |||||||||||||
Shares issued in reinvestment of dividends | 18,006 | 299,268 | 17,810 | 200,184 | |||||||||||||||
Shares redeemed | (307,042 | ) | (5,107,207 | ) | (772,787 | ) | (9,307,848 | ) | |||||||||||
Net decrease | (193,336 | ) | $ | (3,231,063 | ) | (638,151 | ) | $ | (7,720,957 | ) |
65
Credit Suisse Funds
Notes to Financial Statements (continued)
April 30, 2010 (unaudited)
Note 6. Capital Share Transactions
Advisor Class | |||||||||||||||||||
For the Six Months Ended April 30, 2010 (unaudited) | For the Year Ended October 31, 2009 | ||||||||||||||||||
Shares | Value | Shares | Value | ||||||||||||||||
Shares sold | 776 | $ | 11,878 | 6,887 | $ | 82,799 | |||||||||||||
Shares issued in reinvestment of dividends | 403 | 6,266 | 440 | 4,653 | |||||||||||||||
Shares redeemed | (1,169 | ) | (18,552 | ) | (23,792 | ) | (269,604 | ) | |||||||||||
Net increase (decrease) | 10 | $ | (408 | ) | (16,465 | ) | $ | (182,152 | ) | ||||||||||
Class A | |||||||||||||||||||
For the Six Months Ended April 30, 2010 (unaudited) | For the Year Ended October 31, 2009 | ||||||||||||||||||
Shares | Value | Shares | Value | ||||||||||||||||
Shares sold | 31,649 | $ | 509,816 | 8,669 | $ | 118,529 | |||||||||||||
Shares issued in reinvestment of dividends | 210 | 3,423 | 170 | 1,887 | |||||||||||||||
Shares redeemed | (23,675 | ) | (397,735 | ) | (13,493 | ) | (172,596 | ) | |||||||||||
Net increase (decrease) | 8,184 | $ | 115,504 | (4,654 | ) | $ | (52,180 | ) | |||||||||||
Class B | |||||||||||||||||||
For the Six Months Ended April 30, 2010 (unaudited) | For the Year Ended October 31, 2009 | ||||||||||||||||||
Shares | Value | Shares | Value | ||||||||||||||||
Shares sold | 699 | $ | 10,955 | 1,581 | $ | 15,314 | |||||||||||||
Shares issued in reinvestment of dividends | 34 | 523 | 62 | 645 | |||||||||||||||
Shares redeemed | (1,730 | ) | (27,376 | ) | (12,998 | ) | (146,663 | ) | |||||||||||
Net decrease | (997 | ) | $ | (15,898 | ) | (11,355 | ) | $ | (130,704 | ) | |||||||||
Class C | |||||||||||||||||||
For the Six Months Ended April 30, 2010 (unaudited) | For the Year Ended October 31, 2009 | ||||||||||||||||||
Shares | Value | Shares | Value | ||||||||||||||||
Shares sold | 33 | $ | 500 | 1,033 | $ | 11,640 | |||||||||||||
Shares issued in reinvestment of dividends | 34 | 520 | 36 | 381 | |||||||||||||||
Shares redeemed | (221 | ) | (3,005 | ) | (7,099 | ) | (75,855 | ) | |||||||||||
Net decrease | (154 | ) | $ | (1,985 | ) | (6,030 | ) | $ | (63,834 | ) |
66
Credit Suisse Funds
Notes to Financial Statements (continued)
April 30, 2010 (unaudited)
Note 6. Capital Share Transactions
Mid-Cap Core | |||||||||||||||||||
Common Class | |||||||||||||||||||
For the Six Months Ended April 30, 2010 (unaudited) | For the Year Ended October 31, 2009 | ||||||||||||||||||
Shares | Value | Shares | Value | ||||||||||||||||
Shares sold | 71,233 | $ | 2,267,103 | 203,778 | $ | 4,945,243 | |||||||||||||
Shares issued in reinvestment of dividends | 17,997 | 565,839 | 39,284 | 870,349 | |||||||||||||||
Shares redeemed | (310,293 | ) | (9,797,625 | ) | (672,355 | ) | (15,797,776 | ) | |||||||||||
Net decrease | (221,063 | ) | $ | (6,964,683 | ) | (429,293 | ) | $ | (9,982,184 | ) | |||||||||
Advisor Class | |||||||||||||||||||
For the Six Months Ended April 30, 2010 (unaudited) | For the Year Ended October 31, 2009 | ||||||||||||||||||
Shares | Value | Shares | Value | ||||||||||||||||
Shares sold | 32,148 | $ | 946,025 | 78,173 | $ | 1,750,666 | |||||||||||||
Shares issued in reinvestment of dividends | 573 | 16,566 | 861 | 17,208 | |||||||||||||||
Shares redeemed | (40,583 | ) | (1,251,565 | ) | (116,041 | ) | (2,670,019 | ) | |||||||||||
Net decrease | (7,862 | ) | $ | (288,974 | ) | (37,007 | ) | $ | (902,145 | ) | |||||||||
Class A | |||||||||||||||||||
For the Six Months Ended April 30, 2010 (unaudited) | For the Year Ended October 31, 2009 | ||||||||||||||||||
Shares | Value | Shares | Value | ||||||||||||||||
Shares sold | 887 | $ | 28,711 | 8,453 | $ | 216,231 | |||||||||||||
Shares issued in reinvestment of dividends | 98 | 3,028 | 89 | 1,915 | |||||||||||||||
Shares redeemed | (3,806 | ) | (117,505 | ) | (2,565 | ) | (60,087 | ) | |||||||||||
Net increase (decrease) | (2,821 | ) | $ | (85,766 | ) | 5,977 | $ | 158,059 | |||||||||||
Class B | |||||||||||||||||||
For the Six Months Ended April 30, 2010 (unaudited) | For the Year Ended October 31, 2009 | ||||||||||||||||||
Shares | Value | Shares | Value | ||||||||||||||||
Shares sold | 770 | $ | 23,500 | 2,140 | $ | 50,000 | |||||||||||||
Shares issued in reinvestment of dividends | 5 | 156 | 6 | 122 | |||||||||||||||
Shares redeemed | (1,011 | ) | (32,414 | ) | (2,353 | ) | (62,151 | ) | |||||||||||
Net decrease | (236 | ) | $ | (8,758 | ) | (207 | ) | $ | (12,029 | ) |
67
Credit Suisse Funds
Notes to Financial Statements (continued)
April 30, 2010 (unaudited)
Note 6. Capital Share Transactions
Class C | |||||||||||||||||||
For the Six Months Ended April 30, 2010 (unaudited) | For the Year Ended October 31, 2009 | ||||||||||||||||||
Shares | Value | Shares | Value | ||||||||||||||||
Shares sold | 214 | $ | 6,900 | — | $ | — | |||||||||||||
Shares issued in reinvestment of dividends | — | — | — | — | |||||||||||||||
Shares redeemed | — | — | — | — | |||||||||||||||
Net increase | 214 | $ | 6,900 | — | $ | — |
On April 30, 2010, 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 | 3 | 40 | % | ||||||||
Advisor Class | 5 | 82 | % | ||||||||
Class A | 5 | 79 | % | ||||||||
Class B | 9 | 80 | % | ||||||||
Class C | 5 | 94 | % | ||||||||
Mid-Cap Core | |||||||||||
Common Class | 3 | 58 | % | ||||||||
Advisor Class | 2 | 91 | % | ||||||||
Class A | 4 | 34 | % | ||||||||
Class B | 4 | 98 | % | ||||||||
Class C | 2 | 100 | % |
Some of the shareholders are omnibus accounts, which hold shares on behalf of individual shareholders.
Note 7. Contingencies
In the normal course of business, the Funds may provide general indemnifications pursuant to certain contracts and organizational documents. 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.
68
Credit Suisse Funds
Notes to Financial Statements (continued)
April 30, 2010 (unaudited)
Note 8. 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 June 23, 2010.
On May 3, 2010, the Board of Trustees/Directors of Credit Suisse Large Cap Growth Fund and Credit Suisse Mid-Cap Core Fund (collectively, the "Acquired Funds" and each, an "Acquired Fund), approved the proposed reorganization of each Acquired Fund (each, a "Reorganization") whereby all of the assets and liabilities of the Acquired Fund would be transferred to Credit Suisse Large Cap Blend Fund, Inc. (the "Acquiring Fund") in exchange for shares of beneficial interest of the Acquiring Fund. Each Acquired Fund would then be liquidated and shares of beneficial interest of the Acquiring Fund would be distributed to the shareholders of the Acquired Fund. Each Reorganization is subject to the completion of certain conditions, including the approval of the relevant Acquired Fund's shareholders.
69
Credit Suisse Large Cap Growth Fund
Board Approval of Advisory Agreement (unaudited)
In approving the renewal of the current Advisory Agreement, the Board of Trustees, including the Independent Trustees, at a meeting held on November 16 and 17, 2009, considered the following factors with respect to the Credit Suisse Large Cap Growth Fund (the "Fund"):
Investment Advisory Fee Rates
The Board reviewed and considered the contractual advisory fee rate of 0.50% for the Fund ("Contractual Advisory Fee") in light of the extent and quality of the advisory services provided by Credit Suisse Asset Management, LLC ("Credit Suisse"). The Board also reviewed and considered the fee waivers currently in place for the Fund and considered the actual fee rate of 0.00% paid by the Fund after taking waivers into account ("Net Advisory Fee"). The Board acknowledged that voluntary fee waivers could be discontinued at any time.
Additionally, the Board received and considered information comparing the Fund's Contractual Advisory Fee, Net Advisory Fee and the Fund's overall expenses with those of funds in both the relevant expense group ("Expense Group") and universe of funds ("Expense Universe") provided by Lipper Inc., an independent provider of investment company data.
Nature, Extent and Quality of the Services under the Advisory Agreement
The Board received and considered information regarding the nature, extent and quality of services provided to the Fund by Credit Suisse under the Advisory Agreement. The Board also noted information received at regular meetings throughout the year related to the services rendered by Credit Suisse. The Board reviewed background information about Credit Suisse, including its Form ADV. The Board considered the background and experience of Credit Suisse's senior management and the expertise of, and the amount of attention given to the Fund by, senior personnel of Credit Suisse. In addition, the Board reviewed the qualifications, backgrounds and responsibilities of the portfolio management team primarily responsible for the day-to-day portfolio management of the Fund and the extent of the resources devoted to research and analysis of actual and potential investments. The Board also received and considered information about the nature, extent and quality of services and fee rates offered to other Credit Suisse clients for comparable services.
70
Credit Suisse Large Cap Growth Fund
Board Approval of Advisory Agreement (unaudited) (continued)
Fund Performance
The Board received and considered performance results of the Fund over time, along with comparisons both to the relevant performance group ("Performance Group") and universe of funds ("Performance Universe") for the Fund. The Board was provided with a description of the methodology used to arrive at the funds included in the Performance Group and the Performance Universe.
Credit Suisse Profitability
The Board received and considered a profitability analysis of Credit Suisse based on the fees payable under the Advisory Agreement for the Fund, including any fee waivers, as well as other relationships between the Fund on the one hand and Credit Suisse affiliates on the other. The Board received profitability information for the other funds in the Credit Suisse family of funds.
Economies of Scale
The Board considered whether economies of scale in the provision of services to the Fund were being passed along to the shareholders. Accordingly, the Board considered whether alternative fee structures (such as breakpoint fee structures) would be more appropriate or reasonable taking into consideration economies of scale or other efficiencies that might accrue from increases in the Fund's asset levels.
Other Benefits to Credit Suisse
The Board considered other benefits received by Credit Suisse and its affiliates as a result of their relationship with the Fund. Such benefits include, among others, benefits potentially derived from an increase in Credit Suisse's businesses as a result of its relationship with the Fund (such as the ability to market to shareholders other financial products offered by Credit Suisse and its affiliates).
The Board considered the standards applied in seeking best execution, any benefits that may be achieved by using an affiliated broker and the existence of quality controls applicable to brokerage allocation procedures. The Board also reviewed Credit Suisse's method for allocating portfolio investment opportunities among its advisory clients.
71
Credit Suisse Large Cap Growth Fund
Board Approval of Advisory Agreement (unaudited) (continued)
Conclusions
In selecting Credit Suisse, and approving the Advisory Agreement and the investment advisory fee under such agreement, the Board concluded that:
• The combined Contractual Advisory Fee and co-administration fees were below the median of the Fund's Expense Group, and the Net Advisory Fee was the lowest in the Expense Group. The Board considered the fee to be reasonable.
• The Fund's performance was above the median of its Performance Group and Performance Universe for the one year period, but was below the median of its Performance Group and Performance Universe for all remaining periods. The Board noted the recent improvement in performance and determined that it would continue to monitor steps taken by Credit Suisse to improve performance.
• Aside from performance (as discussed above), the Board was satisfied with the nature and extent of the investment advisory services provided to the Fund by Credit Suisse and that, based on dialogue with management and counsel, the services provided by Credit Suisse under the Advisory Agreement are typical of, and consistent with, those provided to similar mutual funds by other investment advisers.
• In light of the costs of providing investment management and other services to the Fund and Credit Suisse's ongoing commitment to the Fund and willingness to waive fees, the profits and other ancillary benefits that Credit Suisse and its affiliates received were considered reasonable.
• Credit Suisse's profitability based on fees payable under the Advisory Agreement was reasonable in light of the nature, extent and quality of the services provided to the Fund thereunder.
• In light of the combined Contractual Advisory Fee and co-administration fee, as well as the fee waivers and the Net Advisory Fee, the Fund's current fee structure (without breakpoints) was considered reasonable.
No single factor reviewed by the Board was identified by the Board as the principal factor in determining whether to approve the Advisory Agreement. The Independent Trustees were advised by separate independent legal counsel throughout the process.
72
Credit Suisse Mid-Cap Core Fund
Board Approval of Advisory Agreement (unaudited)
In approving the renewal of the current Advisory Agreement, the Board of Directors, including the Independent Directors, at a meeting held on November 16 and 17, 2009, considered the following factors with respect to the Credit Suisse Mid-Cap Core Fund (the "Fund"):
Investment Advisory Fee Rates
The Board reviewed and considered the contractual advisory fee rate of 0.70% for the Fund ("Contractual Advisory Fee") in light of the extent and quality of the advisory services provided by Credit Suisse Asset Management, LLC ("Credit Suisse"). The Board also reviewed and considered the fee waivers currently in place for the Fund and considered the actual fee rate of 0.52% paid by the Fund after taking waivers into account ("Net Advisory Fee"). The Board acknowledged that voluntary fee waivers could be discontinued at any time.
Additionally, the Board received and considered information comparing the Fund's Contractual Advisory Fee, Net Advisory Fee and the Fund's overall expenses with those of funds in both the relevant expense group ("Expense Group") and universe of funds ("Expense Universe") provided by Lipper Inc., an independent provider of investment company data.
Nature, Extent and Quality of the Services under the Advisory Agreement
The Board received and considered information regarding the nature, extent and quality of services provided to the Fund by Credit Suisse under the Advisory Agreement. The Board also noted information received at regular meetings throughout the year related to the services rendered by Credit Suisse. The Board reviewed background information about Credit Suisse, including its Form ADV. The Board considered the background and experience of Credit Suisse's senior management and the expertise of, and the amount of attention given to the Fund by, senior personnel of Credit Suisse. In addition, the Board reviewed the qualifications, backgrounds and responsibilities of the portfolio management team primarily responsible for the day-to-day portfolio management of the Fund and the extent of the resources devoted to research and analysis of actual and potential investments. The Board also received and considered information about the nature, extent and quality of services and fee rates offered to other Credit Suisse clients for comparable services.
73
Credit Suisse Mid-Cap Core Fund
Board Approval of Advisory Agreement (unaudited) (continued)
Fund Performance
The Board received and considered performance results of the Fund over time, along with comparisons both to the relevant performance group ("Performance Group") and universe of funds ("Performance Universe") for the Fund. The Board was provided with a description of the methodology used to arrive at the funds included in the Performance Group and the Performance Universe.
Credit Suisse Profitability
The Board received and considered a profitability analysis of Credit Suisse based on the fees payable under the Advisory Agreement for the Fund, including any fee waivers, as well as other relationships between the Fund on the one hand and Credit Suisse affiliates on the other. The Board received profitability information for the other funds in the Credit Suisse family of funds.
Economies of Scale
The Board considered whether economies of scale in the provision of services to the Fund were being passed along to the shareholders. Accordingly, the Board considered whether alternative fee structures (such as breakpoint fee structures) would be more appropriate or reasonable taking into consideration economies of scale or other efficiencies that might accrue from increases in the Fund's asset levels.
Other Benefits to Credit Suisse
The Board considered other benefits received by Credit Suisse and its affiliates as a result of their relationship with the Fund. Such benefits include, among others, benefits potentially derived from an increase in Credit Suisse's businesses as a result of its relationship with the Fund (such as the ability to market to shareholders other financial products offered by Credit Suisse and its affiliates).
The Board considered the standards applied in seeking best execution, any benefits that may be achieved by using an affiliated broker and the existence of quality controls applicable to brokerage allocation procedures. The Board also reviewed Credit Suisse's method for allocating portfolio investment opportunities among its advisory clients.
74
Credit Suisse Mid-Cap Core Fund
Board Approval of Advisory Agreement (unaudited) (continued)
Conclusions
In selecting Credit Suisse, and approving the Advisory Agreement and the investment advisory fee under such agreement, the Board concluded that:
• The combined Contractual Advisory Fee and co-administration fees as well as the Net Advisory Fee, were below the median of the Fund's Expense Group. The Board considered the fee to be reasonable.
• The Fund's performance was at or above the median of both its Performance Group and Performance Universe for the one, two and three year periods, as well as at the median for the five year period for its Performance Group, but was below the median of both its Performance Group and Performance Universe for the remaining periods. The Board determined it would continue to monitor steps undertaken by Credit Suisse to improve performance.
• The Board was satisfied with the nature and extent of the investment advisory services provided to the Fund by Credit Suisse and that, based on dialogue with management and counsel, the services provided by Credit Suisse under the Advisory Agreement are typical of, and consistent with, those provided to similar mutual funds by other investment advisers.
• In light of the costs of providing investment management and other services to the Fund and Credit Suisse's ongoing commitment to the Fund and willingness to waive fees, the profits and other ancillary benefits that Credit Suisse and its affiliates received were considered reasonable.
• Credit Suisse's profitability based on fees payable under the Advisory Agreement was reasonable in light of the nature, extent and quality of the services provided to the Fund thereunder.
• In light of the combined Contractual Advisory Fee and co-administration fee, as well as the fee waivers and the Net Advisory Fee, the Fund's current fee structure (without breakpoints) was considered reasonable.
No single factor reviewed by the Board was identified by the Board as the principal factor in determining whether to approve the Advisory Agreement. The Independent Directors were advised by separate independent legal counsel throughout the process.
75
Credit Suisse Funds
Notice of Privacy and Information Practices (unaudited)
At Credit Suisse, we know that you are concerned with how we protect and handle nonpublic personal information that identifies you. This notice is designed to help you understand what nonpublic personal information we collect from you and from other sources, and how we use that information in connection with your investments and investment choices that may be available to you. Except where otherwise noted, this notice is applicable only to consumers who are current or former investors, meaning individual persons whose investments are primarily for household, family or personal use ("individual investors"). Specified sections of this notice, however, also apply to other types of investors (called "institutional investors"). Where the notice applies to institutional investors, the notice expressly states so. This notice is being provided by Credit Suisse Funds and Credit Suisse Closed-End Funds. This notice applies solely to U.S. registered in vestment companies advised by Credit Suisse Asset Management, LLC.
Categories of information we may collect:
We may collect information about you, including nonpublic personal information, such as
• Information we receive from you on applications, forms, agreements, questionnaires, Credit Suisse websites and other websites that are part of our investment program, or in the course of establishing or maintaining a customer relationship, such as your name, address, e-mail address, Social Security number, assets, income, financial situation; and
• Information we obtain from your transactions and experiences with us, our affiliates, or others, such as your account balances or other investment information, assets purchased and sold, and other parties to a transaction, where applicable.
Categories of information we disclose and parties to whom we disclose it:
• We do not disclose nonpublic personal information about our individual investors, except as permitted or required by law or regulation. Whether you are an individual investor or institutional investor, we may share the information described above with our affiliates that perform services on our behalf, and with our asset management and private banking affiliates; as well as with unaffiliated third parties that perform services on our behalf, such as our accountants, auditors, attorneys, broker-dealers, fund administrators, and other service providers.
76
Credit Suisse Funds
Notice of Privacy and Information Practices (unaudited) (continued)
• We want our investors to be informed about additional products or services. Whether you are an individual investor or an institutional investor, we may disclose information, including nonpublic personal information, regarding our transactions and experiences with you to our affiliates.
• In addition, whether you are an individual investor or an institutional investor, we reserve the right to disclose information, including nonpublic personal information, about you to any person or entity, including without limitation any governmental agency, regulatory authority or self-regulatory organization having jurisdiction over us or our affiliates, if (i) we determine in our discretion that such disclosure is necessary or advisable pursuant to or in connection with any United States federal, state or local, or non-U.S., court order (or other legal process), law, rule, regulation, or executive order or policy, including without limitation any anti-money laundering law or the USA PATRIOT Act of 2001; and (ii) such disclosure is not otherwise prohibited by law, rule, regulation, or executive order or policy.
Confidentiality and security
• To protect nonpublic personal information about individual investors, we restrict access to those employees and agents who need to know that information to provide products or services to us and to our investors. We maintain physical, electronic, and procedural safeguards to protect nonpublic personal information.
Other Disclosures
This notice is not intended to be incorporated in any offering materials, but is a statement of our current Notice of Privacy and Information Practices and may be amended from time to time. This notice is current as of May 3, 2010.
77
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.
78
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P.O. BOX 55030, BOSTON, MA 02205-5030
877-870-2874 n www.credit-suisse.com/us
CREDIT SUISSE ASSET MANAGEMENT SECURITIES, INC., DISTRIBUTOR. USEQGTH-SAR-0410
Item 2. Code of Ethics.
This item is inapplicable to a semi-annual report on Form N-CSR.
Item 3. Audit Committee Financial Expert.
This item is inapplicable to a semi-annual report on Form N-CSR.
Item 4. Principal Accountant Fees and Services.
This item is inapplicable to a semi-annual report on Form N-CSR.
Item 5. Audit Committee of Listed Registrants.
This item is not applicable to the registrant.
Item 6. Schedule of Investments.
Included as part of the report to shareholders filed under Item 1 of this Form.
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.
This item is not applicable to the registrant.
Item 8. Portfolio Managers of Closed-End Management Investment Companies.
This item is not applicable to the registrant.
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.
This item is not applicable to the registrant.
Item 10. Submission of Matters to a Vote of Security Holders.
The Nominating Committee recommends Board member candidates. Shareholders of the registrant may also submit nominees that will be considered by the Committee. Recommendations should be mailed to the registrant’s Secretary, c/o Credit Suisse Asset Management, LLC, Eleven Madison Avenue, New York, NY 10010. Any submission should include at a minimum the following information: the name, age, business address, residence address and principal occupation or employment of such individual; the class, series and number of shares of the registrant that are beneficially owned by such individual; the date such shares were acquired and the investment intent of such acquisition; whether such shareholder believes such individual is, or is not, an “interested person” of the registrant (as defined in the Investment Company Act of 1940) and information regarding such individual that is sufficient, in the Committee’s discretion, to make such determination; and all other information relating to such individual that is required to be disclosed in solicitation of proxies for election of directors in an election contest (even if an election contest is not involved) or is otherwise required pursuant to the rules for proxy materials under the Securities Exchange Act of 1934.
Item 11. Controls and Procedures.
(a) As of a date within 90 days from the filing date of this report, the principal executive officer and principal financial officer concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the “Act”)) were effective based on their evaluation of the disclosure controls and procedures required by Rule 30a-3(b) under the Act and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934.
(b) There were no changes in registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the registrant’s last fiscal half-year that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.
Item 12. Exhibits.
(a)(1) Not applicable.
(a)(2) The certifications of the registrant as required by Rule 30a-2(a) under the Act are exhibits to this report.
(a)(3) Not applicable.
(b) The certifications of the registrant as required by Rule 30a-2(b) under the Act are an exhibit to this report.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
CREDIT SUISSE LARGE CAP GROWTH FUND | ||
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/s/John G. Popp |
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Name: | John G. Popp | |
Title: | Chief Executive Officer | |
Date: | July 6, 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/ John G. Popp |
| |
Name: | John G. Popp | |
Title: | Chief Executive Officer | |
Date: | July 6, 2010 | |
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/s/Michael A. Pignataro |
| |
Name: | Michael A. Pignataro | |
Title: | Chief Financial Officer | |
Date: | July 6, 2010 | |