Credit Suisse Opportunity Funds NCSR Certified annual shareholder report (management investment company)

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 No. 811-09054
---------------------------------------------------------------------

CREDIT SUISSE OPPORTUNITY FUNDS
------------------------------------------------------------------------
(Exact Name of Registrant as Specified in Charter)

Eleven Madison Avenue, New York, New York 10010
-------------------------------------------------------------------------

(Address of Principal Executive Offices) (Zip Code)

John G. Popp

Credit Suisse Opportunity Funds

Eleven Madison Avenue

New York, New York 10010

Registrant’s telephone number, including area code: (212) 325-2000

Date of fiscal year end: October 31st

Date of reporting period: November 1, 2019 to October 31, 2020

Item 1. Reports to Stockholders.

CREDIT SUISSE FUNDS

Annual Report

October 31, 2020

n CREDIT SUISSE
STRATEGIC INCOME FUND

Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of the Fund's shareholder reports will no longer be sent by mail, unless you specifically request paper copies of the reports from Credit Suisse Asset Management, LLC or from your financial intermediary, such as a broker-dealer or bank. Instead, the reports will be made available on a website, and you will be notified by mail each time a report is posted and provided with a website link to access the report.

You may elect to receive all future reports in paper free of charge. If you hold accounts directly with the Fund, you can call 877-870-2874 to inform Credit Suisse Asset Management, LLC that you wish to continue receiving paper copies of your shareholder reports. If you hold accounts through a financial intermediary, you can contact your financial intermediary to request that you continue to receive paper copies of your shareholder reports. Please note that not all financial intermediaries may offer this service. Your election to receive reports in paper will apply to all funds advised by Credit Suisse Asset Management, LLC, or all funds held with your financial intermediary, as applicable.

If you already elected to receive shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive electronic delivery of shareholder reports and other communications by: (i) accessing the Credit Suisse Asset Management, LLC website at www.credit-suisse.com/us/funds and logging into your accounts, if you hold accounts directly with the Fund, or (ii) contacting your financial intermediary, if you hold accounts through a financial intermediary. Please note that not all financial intermediaries may offer this service.

The Fund's investment objective, risks, charges and expenses (which should be considered carefully before investing), and more complete information about the Fund, are provided in the Prospectus, which should be read carefully before investing. You may obtain additional copies by calling 877-870-2874 or by visiting our website at www.credit-suisse.com/us/funds.

Credit Suisse Securities (USA) LLC, 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 Class I shares (where offered) directly or through certain intermediaries. Such shares are not subject to a sales charge. 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 or C shares (where offered). For more information, please review the relevant prospectuses or consult your financial representative.

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 Strategic Income Fund
Annual Investment Adviser's Report
October 31, 2020 (unaudited)

November 30, 2020

Dear Shareholder:

We are pleased to present this Annual Report covering the activities of the Credit Suisse Strategic Income Fund (the "Fund") for the 12-month period ended October 31, 2020.

Performance Summary
11/01/19 – 10/31/20

Fund & Benchmark	Performance
Class I¹		2.21	%
Class A^1,2		1.96	%
Class C^1,2		1.19	%
ICE BofA ML 3-Month US Treasury Bill Index³		0.92	%

Performance shown for the Fund's Class A and Class C Shares does not reflect sales charges, which are a maximum of 4.75% and 1.00%, respectively.²

Market Review: A volatile investment period

The annual period ended October 31, 2020, was one of unexpected volatility for markets. Credit markets, especially high yield and senior loans, showed strength in the beginning of the period, as a strong economic backdrop highlighted by declining unemployment boosted corporate earnings, while declining interest rates increased investor appetite. However, markets plunged in March 2020, as COVID-19 spread in the United States. The high yield bond and senior loan markets recovered in the second quarter thanks to the partial lifting of lockdowns and restrictions in parts of the United States and Europe which caused Index and opportunistic credit buyers to re-enter the market, and economic activity to begin to bounce back. This recovery continued through the summer and early fall, as third quarter earnings continued to improve and investors began to gain confidence that improvements will continue into 2021. The ICE BofAML US High Yield Constrained Index returned 2.31% for the period, while the Credit Suisse Leveraged Loan Index returned 1.50% for the period. In comparison, the ICE BofA ML 3-month Treasury Bill index (the Fund's benchmark), returned 0.92%.

Strategic Review and Outlook: Cautiously optimistic going forward

For the annual period ended October 31, 2020, the Fund outperformed the Benchmark. Fund performance benefitted from allocations to the high yield and senior loan asset classes, as both contributed positively to absolute returns. In particular, senior loans contributed more than half of overall returns. In contrast, the asset backed (CLO) asset class detracted from performance.

Credit Suisse Strategic Income Fund
Annual Investment Adviser's Report (continued)
October 31, 2020 (unaudited)

We have been encouraged by the recovery in performance and liquidity positions of most companies. With JPMorgan revising their 2021 default forecast to 3.5% for both loans and high yield, we expect default rates to moderate from current levels. While the markets and U.S. economy are by no means out of the woods, we remain constructive on the below-investment-grade markets over the intermediate and long term. Going forward, we will look for opportunities to add yield to the portfolio without taking unnecessary credit.

The Credit Suisse Credit Investments Group

John G. Popp
Andrew H. Marshak
Thomas J. Flannery
Louis I. Farano
Wing Chan
David J. Mechlin

Senior secured floating rate loans ("Senior Loans") typically hold the most senior position in the issuer's capital structure. Senior Loans are subject to the risk that a court could subordinate a Senior Loan to presently existing or future indebtedness or take other action detrimental to the holders of Senior Loans.

High yield bonds are bonds rated below BBB- by S&P or Baa3 by Moody's that are also known as "junk bonds." Such bonds entail greater risks than those found in higher- rated securities.

CLOs are subject to the risk of substantial losses due to actual defaults, decrease of market value due to collateral defaults and disappearance of subordinate tranches, market anticipation of defaults, and investor aversion to CLO securities as a class. The risks of CLOs depend largely on the type of the underlying loans and the tranche of CLOs in which the Fund invests. In addition, CLOs carry risks including interest rate risk and credit risk.

Additional principal risk factors for the Fund include conflict of interest risk, convertible securities risk, credit risk, derivatives risk, extension risk, foreign securities risk, futures contracts risk, hedged exposure risk, illiquidity risk, interest rate risk, market risk, mortgage- and asset-backed securities risk, prepayment risk, short position risk, U.S. government securities risk and valuation risk. Before you invest, please make sure you understand the risks that apply to the Fund. As with any mutual fund, you

Credit Suisse Strategic Income Fund
Annual Investment Adviser's Report (continued)
October 31, 2020 (unaudited)

could lose money over any period of time. Investments in the Fund are not bank deposits and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any government agency. For a detailed discussion of these and other risks, please refer to the Fund's Prospectus, which should be read carefully before investing.

In addition to historical information, this report contains forward-looking statements, which may concern, among other things, domestic and foreign markets, 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 views of the Fund's management are as of the date of this letter and the Fund holdings described in this document are as of October 31, 2020; these views and Fund holdings may have changed subsequent to these dates. Nothing in this document is a recommendation to purchase or sell securities.

Credit Suisse Strategic Income Fund
Annual Investment Adviser's Report (continued)
October 31, 2020 (unaudited)

Comparison of Change in Value of $10,000 Investment in the
Credit Suisse Strategic Income Fund¹ Class I Shares,
Class A Shares², Class C Shares² and the ICE BofAML
3-Month US Treasury Bill Index³
from Inception (9/28/12)

¹ Fee waivers and/or expense reimbursements reduce expenses for the Fund, without which performance would be lower. Effective November 12, 2019, the Fund entered into a written contract to limit expenses to 0.79% of the Fund's average daily net assets for Class I shares, 1.04% of the Fund's average daily net assets for Class A shares and 1.79% of the Fund's average daily net assets for Class C shares through at least February 28, 2022. Prior to November 12, 2019, Credit Suisse had contractually agreed to limit expenses so that the Fund's annual operating expenses did not exceed 0.99% of the Fund's average daily net assets for Class I shares, 1.24% of the Fund's average daily net assets for Class A shares and 1.99% of the Fund's average daily net assets for Class C shares. This limit excludes certain expenses, as set forth in the Fund's Prospectus.

² Total return for the Fund's Class A shares for the reporting period, based on offering price (including maximum sales charge of 4.75%), was (2.86)%. Total return for the Fund's Class C shares for the reporting period, based on redemption value (including maximum contingent deferred sales charge ("CDSC") of 1.00%), was 0.23%.

³ The ICE BofAML 3-Month US Treasury Bill Index is comprised of a single issue purchased at the beginning of the month and held for a full month. Each month the index is rebalanced and the issue selected is the outstanding Treasury Bill that matures closest to, but not beyond 3 months from the rebalancing date. The index does not have transaction costs and investors may not invest directly in the index. The index was previously known as the BofA Merrill Lynch 3-Month US Treasury Bill Index.

Credit Suisse Strategic Income Fund
Annual Investment Adviser's Report (continued)
October 31, 2020 (unaudited)

Average Annual Returns as of October 31, 2020¹

	1 Year			5 Years			Since Inception²
Class I		2.21	%		5.49	%		5.91	%
Class A Without Sales Charge		1.96	%		5.21	%		5.63	%
Class A With Maximum Sales Charge		(2.86	)%		4.19	%		5.00	%
Class C Without CDSC		1.19	%		4.42	%		4.85	%
Class C With CDSC		0.23	%		4.42	%		4.85	%

Returns represent past performance and include change in share price and reinvestment of dividends and capital gain distributions, if any. 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/funds.

The annual gross expense ratios are 1.11% for Class I shares, 1.36% for Class A shares and 2.11% for Class C shares. The annual net expense ratios after fee waivers and/or expense reimbursements are 0.80% for Class I shares, 1.05% for Class A shares and 1.80% for Class C shares.

²Inception Date: September 28, 2012.

Credit Suisse Strategic Income Fund
Annual Investment Adviser's Report (continued)
October 31, 2020 (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 months ended October 31, 2020.

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.

• Hypothetical 5% Fund Return. This helps you to compare the 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.

Credit Suisse Strategic Income Fund
Annual Investment Adviser's Report (continued)
October 31, 2020 (unaudited)

Expenses and Value for a $1,000 Investment
for the six-month period ended October 31, 2020

Actual Fund Return	Class I			Class A			Class C
Beginning Account Value 05/01/20	$	1,000.00		$	1,000.00		$	1,000.00
Ending Account Value 10/31/20	$	1,124.80		$	1,123.40		$	1,117.90
Expenses Paid per $1,000*	$	4.22		$	5.55		$	9.53
Hypothetical 5% Fund Return
Beginning Account Value 05/01/20	$	1,000.00		$	1,000.00		$	1,000.00
Ending Account Value 10/31/20	$	1,021.17		$	1,019.91		$	1,016.14
Expenses Paid per $1,000*	$	4.01		$	5.28		$	9.07
	Class I			Class A			Class C
Annualized Expense Ratios*		0.79	%		1.04	%		1.79	%

* 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 184/366 to reflect the one-half year period.

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 actual expense reimbursements, if applicable. If those fee waivers and/or expense reimbursements had not been in effect, the Fund's actual expenses would have been higher. Expenses do not reflect additional charges and expenses that are, or may be, imposed under the variable contracts or plans. Such charges and expenses are described in the prospectus of the insurance company separate account or in the plan documents or other informational materials supplied by plan sponsors. The Fund's expenses should be considered with these charges and expenses in evaluating the overall cost of investing in the separate account.

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

Credit Suisse Strategic Income Fund
Annual Investment Adviser's Report (continued)
October 31, 2020 (unaudited)

Credit Quality Breakdown*

(% of Total Investments as of October 31, 2020)

S&P Ratings**
BBB	3.5	%
BB	20.3
B	46.2
CCC	23.5
CC	0.1
C	0.0¹
NR	5.4
Subtotal	99.0
Equity and Other	1.0
Total	100.0	%

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

**Credit Quality is based on ratings provided by the S&P Global Ratings Division of S&P Global Inc. ("S&P"). S&P is a main provider of ratings for credit assets classes and is widely used amongst industry participants. The NR category consists of securities that have not been rated by S&P.

¹This amount represents less than 0.1%.

Credit Suisse Strategic Income Fund
Schedule of Investments
October 31, 2020

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
CORPORATE BONDS (41.3%)
Advertising (0.2%)
$	500	TripAdvisor, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/15/22 @ 103.50)⁽¹⁾	(BB-, B1)	07/15/25		7.000	$	521,062
Aerospace & Defense (0.6%)
	500	Science Applications International Corp., Rule 144A, Company Guaranteed Notes (Callable 04/01/23 @ 102.44)⁽¹⁾	(BB-, B1)	04/01/28		4.875		524,640
	880	Signature Aviation U.S. Holdings, Inc., Rule 144A, Company Guaranteed Notes (Callable 03/01/23 @ 102.00)⁽¹⁾	(BB, Ba3)	03/01/28		4.000		852,500
	250	TransDigm, Inc., Global Company Guaranteed Notes (Callable 03/15/22 @ 103.75)	(B-, B3)	03/15/27		7.500		258,635
								1,635,775
Auto Parts & Equipment (1.5%)
	1,400	BorgWarner, Inc., Rule 144A, Senior Unsecured Notes⁽¹⁾	(BBB, Baa1)	10/01/25		5.000		1,627,779
	1,835	Clarios U.S. Finance Co., Rule 144A, Company Guaranteed Notes (Callable 05/15/22 @ 104.25)⁽¹⁾	(CCC+, Caa1)	05/15/27		8.500		1,917,208
	650	Cooper-Standard Automotive, Inc., Rule 144A, Company Guaranteed Notes (Callable 11/15/21 @ 102.81)⁽¹⁾	(CCC, Caa1)	11/15/26		5.625		437,125
								3,982,112
Automakers (0.1%)
	250	Winnebago Industries, Inc., Rule 144A, Senior Secured Notes (Callable 07/15/23 @ 103.13)⁽¹⁾	(BB, B2)	07/15/28		6.250		264,844
Brokerage (0.5%)
	1,298	StoneX Group, Inc., Rule 144A, Senior Secured Notes (Callable 06/15/22 @ 104.31)⁽¹⁾	(BB-, Ba3)	06/15/25		8.625		1,371,824
Building & Construction (0.3%)
	658	TopBuild Corp., Rule 144A, Company Guaranteed Notes (Callable 05/01/21 @ 102.81)⁽¹⁾	(BB, Ba3)	05/01/26		5.625		676,506
Building Materials (3.5%)
	700	Advanced Drainage Systems, Inc., Rule 144A, Company Guaranteed Notes (Callable 09/30/22 @ 102.50)⁽¹⁾	(B, B1)	09/30/27		5.000		734,958
	450	BMC East LLC, Rule 144A, Senior Secured Notes (Callable 11/16/20 @ 102.75)⁽¹⁾	(BB, B1)	10/01/24		5.500		462,094

See Accompanying Notes to Financial Statements.
9

Credit Suisse Strategic Income Fund
Schedule of Investments (continued)
October 31, 2020

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
CORPORATE BONDS (continued)
Building Materials
$	1,000	Installed Building Products, Inc., Rule 144A, Company Guaranteed Notes (Callable 02/01/23 @ 102.88)⁽¹⁾	(B+, B3)	02/01/28		5.750	$	1,057,310
	1,400	James Hardie International Finance DAC, Rule 144A, Company Guaranteed Notes (Callable 01/15/23 @ 102.50)⁽¹⁾	(BB, Ba1)	01/15/28		5.000		1,488,984
	750	Masonite International Corp., Rule 144A, Company Guaranteed Notes (Callable 02/01/23 @ 102.69)⁽¹⁾	(BB+, Ba3)	02/01/28		5.375		796,267
	2,310	PriSo Acquisition Corp., Rule 144A, Senior Unsecured Notes (Callable 11/30/20 @ 100.00)^(1),(2)	(CCC+, Caa2)	05/15/23		9.000		2,292,675
	1,000	Summit Materials Finance Corp., Rule 144A, Company Guaranteed Notes (Callable 11/16/20 @ 102.56)⁽¹⁾	(BB, B2)	06/01/25		5.125		1,016,145
	500	WESCO Distribution, Inc., Rule 144A, Company Guaranteed Notes (Callable 06/15/22 @ 103.56)⁽¹⁾	(BB-, B2)	06/15/25		7.125		539,413
	500	WESCO Distribution, Inc., Rule 144A, Company Guaranteed Notes ( Callable 06/15/23 @ 103.63)⁽¹⁾	(BB-, B2)	06/15/28		7.250		548,202
	500	White Cap Buyer LLC, Rule 144A, Senior Unsecured Notes (Callable 10/15/23 @ 103.44)⁽¹⁾	(CCC+, Caa1)	10/15/28		6.875		513,438
								9,449,486
Cable & Satellite TV (1.1%)
	614	Midcontinent Finance Corp., Rule 144A, Company Guaranteed Notes (Callable 08/15/22 @ 102.69)⁽¹⁾	(B, B3)	08/15/27		5.375		641,437
	1,200	Telenet Finance Luxembourg Notes Sarl, Rule 144A, Senior Secured Notes (Callable 12/01/22 @ 102.75)⁽¹⁾	(BB-, Ba3)	03/01/28		5.500		1,266,600
	461	Virgin Media Secured Finance PLC, Rule 144A, Senior Secured Notes (Callable 08/15/21 @ 102.75)⁽¹⁾	(BB-, Ba3)	08/15/26		5.500		480,466
	450	Ziggo B.V., Rule 144A, Senior Secured Notes (Callable 01/15/22 @ 102.75)⁽¹⁾	(B+, B1)	01/15/27		5.500		467,705
								2,856,208
Chemicals (2.5%)
	675	Alpha U.S. Bidco, Inc., Rule 144A, Company Guaranteed Notes (Callable 11/30/20 @ 103.13)⁽¹⁾	(CCC, Caa2)	02/01/25		6.250		683,438

See Accompanying Notes to Financial Statements.
10

Credit Suisse Strategic Income Fund
Schedule of Investments (continued)
October 31, 2020

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
CORPORATE BONDS (continued)
Chemicals
$	1,250	Atotech Alpha 2 B.V., 8.75% Cash, 9.50% PIK, Rule 144A, Senior Unsecured Notes (Callable 11/30/20 @ 101.00)^(1),(3)	(CCC, Caa2)	06/01/23		8.750	$	1,260,806
	250	Avient Corp., Rule 144A, Senior Unsecured Notes (Callable 05/15/22 @ 102.88)⁽¹⁾	(BB-, Ba3)	05/15/25		5.750		263,438
	1,540	Ingevity Corp., Rule 144A, Company Guaranteed Notes (Callable 02/01/21 @ 102.25)⁽¹⁾	(NR, Ba3)	02/01/26		4.500		1,574,357
	250	Minerals Technologies, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/01/23 @ 102.50)⁽¹⁾	(BB-, Ba3)	07/01/28		5.000		258,125
	52	Reichhold Industries, Inc., Rule 144A, Senior Secured Notes^{(1),(4),(5),(6),(7)}	(NR, NR)	05/01/18		9.000		706
	750	Tronox, Inc., Rule 144A, Company Guaranteed Notes (Callable 04/15/21 @ 103.25)^(1),(2)	(B, B3)	04/15/26		6.500		761,632
	1,695	Venator Materials LLC, Rule 144A, Company Guaranteed Notes (Callable 11/30/20 @ 104.31)⁽¹⁾	(CCC+, Caa1)	07/15/25		5.750		1,460,878
	400	Venator Materials LLC, Rule 144A, Senior Secured Notes (Callable 07/01/22 @ 107.13)⁽¹⁾	(B, B1)	07/01/25		9.500		425,892
								6,689,272
Consumer/Commercial/Lease Financing (0.8%)
	2,170	Cargo Aircraft Management, Inc., Rule 144A, Company Guaranteed Notes (Callable 02/01/23 @ 102.38)⁽¹⁾	(B+, Ba3)	02/01/28		4.750		2,209,331
Diversified Capital Goods (0.4%)
	350	EnerSys, Rule 144A, Company Guaranteed Notes (Callable 01/30/23 @ 100.00)⁽¹⁾	(BB+, Ba3)	04/30/23		5.000		360,719
	750	Stevens Holding Co., Inc., Rule 144A, Company Guaranteed Notes (Callable 10/01/23 @ 101.53)⁽¹⁾	(B+, B2)	10/01/26		6.125		804,232
								1,164,951
Electric-Integrated (0.1%)
	125	PG&E Corp., Global Senior Secured Notes (Callable 07/01/23 @ 102.50)	(BB-, B1)	07/01/28		5.000		125,481
	125	PG&E Corp., Global Senior Secured Notes (Callable 07/01/25 @ 102.63)	(BB-, B1)	07/01/30		5.250		125,156
								250,637
Electronics (0.4%)
	500	ON Semiconductor Corp., Rule 144A, Company Guaranteed Notes (Callable 09/01/23 @ 101.94)⁽¹⁾	(BB, Ba2)	09/01/28		3.875		509,375

See Accompanying Notes to Financial Statements.
11

Credit Suisse Strategic Income Fund
Schedule of Investments (continued)
October 31, 2020

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
CORPORATE BONDS (continued)
Electronics
$	500	Sensata Technologies Inc., Rule 144A, Company Guaranteed Notes (Callable 11/15/29 @ 100.00)⁽¹⁾	(BB+, Ba3)	02/15/30		4.375	$	523,437
								1,032,812
Energy - Exploration & Production (0.5%)
	500	Aker BP ASA, Rule 144A, Senior Unsecured Notes (Callable 06/15/21 @ 102.38)⁽¹⁾	(BBB-, Ba1)	06/15/24		4.750		514,343
	1,250	W&T Offshore, Inc., Rule 144A, Secured Notes (Callable 11/30/20 @ 104.88)^(1),(2)	(B, Caa3)	11/01/23		9.750		815,625
								1,329,968
Forestry & Paper (0.3%)
	250	Boise Cascade Co., Rule 144A, Company Guaranteed Notes (Callable 07/01/25 @ 102.44)⁽¹⁾	(BB-, Ba2)	07/01/30		4.875		267,700
	575	Norbord, Inc., Rule 144A, Senior Secured Notes (Callable 07/15/22 @ 102.88)⁽¹⁾	(BB+, Ba1)	07/15/27		5.750		605,797
								873,497
Gaming (1.5%)
	500	Churchill Downs, Inc., Rule 144A, Company Guaranteed Notes (Callable 01/15/23 @ 102.38)⁽¹⁾	(B+, B1)	01/15/28		4.750		508,658
	1,350	Gateway Casinos & Entertainment Ltd., Rule 144A, Secured Notes (Callable 11/30/20 @ 104.13)⁽¹⁾	(CCC-, Caa3)	03/01/24		8.250		1,132,171
	1,320	Golden Nugget, Inc., Rule 144A, Senior Unsecured Notes (Callable 11/30/20 @ 101.69)⁽¹⁾	(CCC, Caa2)	10/15/24		6.750		1,119,386
	450	Jacobs Entertainment, Inc., Rule 144A, Secured Notes (Callable 11/30/20 @ 105.91)⁽¹⁾	(B-, B3)	02/01/24		7.875		442,640
	700	MGP Finance Co-Issuer, Inc., Global Company Guaranteed Notes (Callable 11/01/26 @ 100.00)	(BB-, B1)	02/01/27		5.750		756,490
								3,959,345
Gas Distribution (0.5%)
	750	Genesis Energy Finance Corp., Company Guaranteed Notes (Callable 11/30/20 @ 104.88)	(B+, B1)	10/01/25		6.500		623,906
	450	Genesis Energy Finance Corp., Company Guaranteed Notes (Callable 02/15/21 @ 104.69)	(B+, B1)	05/15/26		6.250		361,220
	250	Hess Midstream Operations LP, Rule 144A, Company Guaranteed Notes (Callable 06/15/23 @ 102.56)⁽¹⁾	(BB+, Ba3)	06/15/28		5.125		248,985
								1,234,111

See Accompanying Notes to Financial Statements.
12

Credit Suisse Strategic Income Fund
Schedule of Investments (continued)
October 31, 2020

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
CORPORATE BONDS (continued)
Health Facilities (0.3%)
$	500	HCA, Inc., Company Guaranteed Notes (Callable 03/01/26 @ 100.00)	(BB-, Ba2)	09/01/26		5.375	$	562,813
	275	Surgery Center Holdings, Inc., Rule 144A, Company Guaranteed Notes (Callable 04/15/22 @ 105.00)⁽¹⁾	(CCC, Caa2)	04/15/27		10.000		294,078
								856,891
Health Services (0.8%)
	250	AMN Healthcare, Inc., Rule 144A, Company Guaranteed Notes (Callable 10/01/22 @ 102.31)⁽¹⁾	(BB-, Ba3)	10/01/27		4.625		256,094
	360	AMN Healthcare, Inc., Rule 144A, Company Guaranteed Notes (Callable 04/15/24 @ 102.00)⁽¹⁾	(BB-, Ba3)	04/15/29		4.000		359,550
	1,250	Radiology Partners, Inc., Rule 144A, Company Guaranteed Notes (Callable 02/01/23 @ 104.63)⁽¹⁾	(CCC, Caa3)	02/01/28		9.250		1,335,600
	50	Valitas Health Services, Inc.^(5),(6),(8)	(NR, NR)	02/26/22		0.000		45,454
								1,996,698
Insurance (0.5%)
	800	Alliant Holdings Co-Issuer, Rule 144A, Senior Secured Notes (Callable 10/15/23 @ 102.13)⁽¹⁾	(B, B2)	10/15/27		4.250		795,500
	500	Alliant Holdings Co-Issuer, Rule 144A, Senior Unsecured Notes (Callable 10/15/22 @ 103.38)⁽¹⁾	(CCC+, Caa2)	10/15/27		6.750		525,845
								1,321,345
Insurance Brokerage (1.3%)
	700	Acrisure Finance, Inc., Rule 144A, Senior Unsecured Notes (Callable 11/30/20 @ 103.50)⁽¹⁾	(CCC+, Caa2)	11/15/25		7.000		702,537
	500	Acrisure Finance, Inc., Rule 144A, Senior Unsecured Notes (Callable 08/01/22 @ 107.59)⁽¹⁾	(CCC+, Caa2)	08/01/26		10.125		554,920
	750	GTCR AP Finance, Inc., Rule 144A, Senior Unsecured Notes (Callable 05/15/22 @ 104.00)⁽¹⁾	(CCC+, Caa2)	05/15/27		8.000		802,500
	1,500	NFP Corp., Rule 144A, Senior Unsecured Notes (Callable 08/15/23 @ 103.44)⁽¹⁾	(CCC+, Caa2)	08/15/28		6.875		1,456,875
								3,516,832
lnvestments & Misc. Financial Services (0.9%)
	2,200	Compass Group Diversified Holdings LLC, Rule 144A, Senior Unsecured Notes (Callable 05/01/21 @ 104.00)⁽¹⁾	(B, B1)	05/01/26		8.000		2,320,978

See Accompanying Notes to Financial Statements.
13

Credit Suisse Strategic Income Fund
Schedule of Investments (continued)
October 31, 2020

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
CORPORATE BONDS (continued)
Machinery (0.2%)
$	350	Harsco Corp., Rule 144A, Company Guaranteed Notes (Callable 07/31/22 @ 102.88)⁽¹⁾	(B+, Ba2)	07/31/27		5.750	$	358,531
	250	Hillenbrand, Inc., Global Company Guaranteed Notes (Callable 06/15/22 @ 102.88)	(BB+, Ba1)	06/15/25		5.750		267,344
								625,875
Managed Care (0.4%)
	540	Centene Corp., Global Senior Unsecured Notes (Callable 12/15/24 @ 102.31)	(BBB-, Ba1)	12/15/29		4.625		588,616
	370	Centene Corp., Rule 144A, Senior Unsecured Notes (Callable 08/15/21 @ 104.03)⁽¹⁾	(BBB-, Ba1)	08/15/26		5.375		392,200
								980,816
Media - Diversified (0.1%)
	250	National CineMedia LLC, Global Senior Unsecured Notes (Callable 08/15/21 @ 102.88)	(CCC+, Caa3)	08/15/26		5.750		139,640
	200	National CineMedia LLC, Rule 144A, Senior Secured Notes (Callable 04/15/23 @ 102.94)⁽¹⁾	(B, B3)	04/15/28		5.875		140,000
								279,640
Media Content (0.9%)
	325	Diamond Sports Finance Co., Rule 144A, Company Guaranteed Notes (Callable 08/15/22 @ 103.31)^(1),(2)	(B, B3)	08/15/27		6.625		130,130
	2,000	Diamond Sports Finance Co., Rule 144A, Senior Secured Notes (Callable 08/15/22 @ 102.69)⁽¹⁾	(BB-, Ba3)	08/15/26		5.375		1,172,500
	733	Sirius XM Radio, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/01/24 @ 102.75)⁽¹⁾	(BB, Ba3)	07/01/29		5.500		799,208
	250	Sirius XM Radio, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/01/25 @ 102.06)⁽¹⁾	(BB, Ba3)	07/01/30		4.125		257,315
								2,359,153
Medical Products (0.2%)
	500	Avantor Funding, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/15/23 @ 102.31)⁽¹⁾	(B, B3)	07/15/28		4.625		518,725
Metals & Mining - Excluding Steel (1.4%)
	250	First Quantum Minerals Ltd., Rule 144A, Company Guaranteed Notes (Callable 11/30/20 @ 103.63)⁽¹⁾	(CCC+, Caa2)	04/01/23		7.250		251,631
	1,000	First Quantum Minerals Ltd., Rule 144A, Company Guaranteed Notes (Callable 11/30/20 @ 103.25)⁽¹⁾	(CCC+, NR)	03/01/24		6.500		994,375

See Accompanying Notes to Financial Statements.
14

Credit Suisse Strategic Income Fund
Schedule of Investments (continued)
October 31, 2020

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
CORPORATE BONDS (continued)
Metals & Mining - Excluding Steel
$	500	First Quantum Minerals Ltd., Rule 144A, Company Guaranteed Notes (Callable 03/01/21 @ 105.16)⁽¹⁾	(CCC+, NR)	03/01/26		6.875	$	497,188
	1,950	Taseko Mines Ltd., Rule 144A, Senior Secured Notes (Callable 11/30/20 @ 102.19)⁽¹⁾	(CCC+, Caa1)	06/15/22		8.750		1,883,729
								3,626,923
Oil Field Equipment & Services (0.3%)
	317	Pioneer Energy Services Corp., PIK, Rule 144A, Senior Unsecured Notes^{(1),(3),(5),(6)}	(NR, NR)	08/28/25		5.000		100,711
	2,000	Shelf Drilling Holdings Ltd., Rule 144A, Company Guaranteed Notes (Callable 02/15/21 @ 106.19)⁽¹⁾	(CCC+, Caa2)	02/15/25		8.250		667,500
								768,211
Packaging (2.2%)
	130	Crown Americas Capital Corp. VI, Global Company Guaranteed Notes (Callable 02/01/21 @ 103.56)	(BB-, Ba3)	02/01/26		4.750		135,338
	1,500	Flex Acquisition Co., Inc., Rule 144A, Senior Unsecured Notes (Callable 11/30/20 @ 103.44)⁽¹⁾	(CCC+, Caa2)	01/15/25		6.875		1,479,375
	1,790	Plastipak Holdings, Inc., Rule 144A, Senior Unsecured Notes (Callable 11/30/20 @ 103.13)⁽¹⁾	(B, B3)	10/15/25		6.250		1,795,594
	475	Silgan Holdings, Inc., Global Senior Unsecured Notes (Callable 11/30/20 @ 102.38)	(BB, Ba3)	03/15/25		4.750		485,984
	2,010	TriMas Corp., Rule 144A, Company Guaranteed Notes (Callable 11/30/20 @ 102.44)⁽¹⁾	(BB-, Ba3)	10/15/25		4.875		2,047,376
								5,943,667
Personal & Household Products (0.9%)
	750	High Ridge Brands Co., Rule 144A, Company Guaranteed Notes (Callable 11/30/20 @ 104.44)^(1),(4)	(NR, NR)	03/15/25		8.875		18,750
	1,430	Mattel, Inc., Rule 144A, Company Guaranteed Notes (Callable 12/31/20 @ 105.06)⁽¹⁾	(B+, B1)	12/31/25		6.750		1,505,433
	935	Prestige Brands, Inc., Rule 144A, Company Guaranteed Notes (Callable 11/30/20 @ 103.19)⁽¹⁾	(B+, B3)	03/01/24		6.375		957,206
								2,481,389
Pharmaceuticals (1.7%)
	24	Bausch Health Cos., Inc., Rule 144A, Company Guaranteed Notes (Callable 11/30/20 @ 100.00)⁽¹⁾	(B, B3)	05/15/23		5.875		23,959

See Accompanying Notes to Financial Statements.
15

Credit Suisse Strategic Income Fund
Schedule of Investments (continued)
October 31, 2020

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
CORPORATE BONDS (continued)
Pharmaceuticals
$	500	Bausch Health Cos., Inc., Rule 144A, Company Guaranteed Notes (Callable 12/15/21 @ 104.50)⁽¹⁾	(B, B3)	12/15/25		9.000	$	547,600
	950	Bausch Health Cos., Inc., Rule 144A, Company Guaranteed Notes (Callable 01/15/23 @ 103.50)⁽¹⁾	(B, B3)	01/15/28		7.000		1,006,230
	500	Bausch Health Cos., Inc., Rule 144A, Company Guaranteed Notes (Callable 02/15/24 @ 103.13)⁽¹⁾	(B, B3)	02/15/29		6.250		516,000
	750	Horizon Therapeutics U.S.A., Inc., Rule 144A, Company Guaranteed Notes (Callable 08/01/22 @ 104.13)⁽¹⁾	(B+, Ba3)	08/01/27		5.500		799,357
	1,538	Owens & Minor, Inc., Global Senior Secured Notes (Callable 09/15/24 @ 100.00)	(B+, B2)	12/15/24		4.375		1,540,884
								4,434,030
Real Estate Development & Management (0.8%)
	2,125	Newmark Group, Inc., Global Senior Unsecured Notes (Callable 10/15/23 @ 100.00)	(BB+, NR)	11/15/23		6.125		2,250,689
Real Estate Investment Trusts (1.4%)
	500	CoreCivic, Inc., Company Guaranteed Notes (Callable 07/15/27 @ 100.00)⁽²⁾	(BB, Ba1)	10/15/27		4.750		391,250
	250	MPT Finance Corp., Global Company Guaranteed Notes (Callable 11/30/20 @ 101.83)	(BBB-, Ba1)	05/01/24		5.500		253,516
	250	MPT Finance Corp., Global Company Guaranteed Notes (Callable 08/01/21 @ 102.63)	(BBB-, Ba1)	08/01/26		5.250		260,000
	1,100	QTS Finance Corp., Rule 144A, Company Guaranteed Notes (Callable 11/15/20 @ 103.56)⁽¹⁾	(BB, Ba3)	11/15/25		4.750		1,143,719
	1,000	Starwood Property Trust, Inc., Global Senior Unsecured Notes (Callable 11/18/20 @ 100.00)	(B+, Ba3)	02/01/21		3.625		1,000,600
	500	Starwood Property Trust, Inc., Global Senior Unsecured Notes (Callable 09/15/21 @ 100.00)	(B+, Ba3)	12/15/21		5.000		498,750
	250	Starwood Property Trust, Inc., Rule 144A, Senior Unsecured Notes (Callable 08/01/23 @ 100.00)⁽¹⁾	(B+, Ba3)	11/01/23		5.500		248,073
								3,795,908
Recreation & Travel (2.6%)
	930	Boyne U.S.A., Inc., Rule 144A, Secured Notes (Callable 05/01/21 @ 103.63)⁽¹⁾	(B, B1)	05/01/25		7.250		974,756
	642	Canada's Wonderland Co., Global Company Guaranteed Notes (Callable 04/15/22 @ 102.69)	(CCC, B3)	04/15/27		5.375		595,856
	750	Cedar Fair LP, Global Company Guaranteed Notes (Callable 07/15/24 @ 102.63)	(CCC, B3)	07/15/29		5.250		681,893

See Accompanying Notes to Financial Statements.
16

Credit Suisse Strategic Income Fund
Schedule of Investments (continued)
October 31, 2020

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
CORPORATE BONDS (continued)
Recreation & Travel
$	250	Powdr Corp., Rule 144A, Senior Secured Notes (Callable 08/01/22 @ 103.00)⁽¹⁾	(B, B1)	08/01/25		6.000	$	253,013
	250	SeaWorld Parks & Entertainment, Inc., Rule 144A, Senior Secured Notes (Callable 05/01/22 @ 104.38)⁽¹⁾	(B-, B2)	05/01/25		8.750		263,125
	2,250	Six Flags Entertainment Corp., Rule 144A, Company Guaranteed Notes (Callable 11/30/20 @ 102.44)⁽¹⁾	(CCC, B3)	07/31/24		4.875		2,094,457
	200	Six Flags Theme Parks, Inc., Rule 144A, Senior Secured Notes (Callable 07/01/22 @ 103.50)⁽¹⁾	(B, Ba2)	07/01/25		7.000		212,125
	1,635	Speedway Funding II, Inc., Rule 144A, Senior Unsecured Notes (Callable 11/01/22 @ 102.44)⁽¹⁾	(BB-, B2)	11/01/27		4.875		1,557,337
	375	Vail Resorts, Inc., 144A, Company Guaranteed Notes (Callable 05/15/22 @ 103.13)⁽¹⁾	(BB, B2)	05/15/25		6.250		394,219
								7,026,781
Software - Services (2.0%)
	600	Black Knight InfoServ LLC, Rule 144A, Company Guaranteed Notes (Callable 09/01/23 @ 101.81)⁽¹⁾	(B+, Ba3)	09/01/28		3.625		608,250
	790	GD Finance Co., Inc., Rule 144A, Company Guaranteed Notes (Callable 06/01/22 @ 102.63)⁽¹⁾	(BB-, B1)	12/01/27		5.250		829,006
	250	KBR, Inc., Rule 144A, Company Guaranteed Notes (Callable 09/30/23 @ 102.38)⁽¹⁾	(B+, B1)	09/30/28		4.750		253,490
	3,400	Solera Finance, Inc., Rule 144A, Senior Unsecured Notes (Callable 11/30/20 @ 105.25)⁽¹⁾	(CCC+, Caa1)	03/01/24		10.500		3,534,368
								5,225,114
Specialty Retail (1.5%)
	120	Asbury Automotive Group, Inc., Rule 144A, Company Guaranteed Notes (Callable 03/01/23 @ 102.25)⁽¹⁾	(BB, B1)	03/01/28		4.500		122,325
	67	Asbury Automotive Group, Inc., Rule 144A, Company Guaranteed Notes (Callable 03/01/25 @ 102.38)⁽¹⁾	(BB, B1)	03/01/30		4.750		69,261
	500	eG Global Finance PLC, Rule 144A, Senior Secured Notes (Callable 10/30/21 @ 104.25)⁽¹⁾	(B-, B3)	10/30/25		8.500		512,250
	325	Group 1 Automotive, Inc., Rule 144A, Company Guaranteed Notes (Callable 08/15/23 @ 102.00)⁽¹⁾	(BB+, Ba2)	08/15/28		4.000		325,813

See Accompanying Notes to Financial Statements.
17

Credit Suisse Strategic Income Fund
Schedule of Investments (continued)
October 31, 2020

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
CORPORATE BONDS (continued)
Specialty Retail
$	1,020	Lithia Motors, Inc., Rule 144A, Company Guaranteed Notes (Callable 11/30/20 @ 103.94)⁽¹⁾	(BB, Ba2)	08/01/25		5.250	$	1,059,418
	750	Lithia Motors, Inc., Rule 144A, Company Guaranteed Notes (Callable 12/15/22 @ 103.47)⁽¹⁾	(BB, Ba2)	12/15/27		4.625		790,856
	1,750	Ruyi U.S. Finance LLC, Rule 144A, Senior Secured Notes (Callable 05/01/21 @ 105.63)⁽¹⁾	(NR, Caa2)	05/01/25		7.500		1,233,750
								4,113,673
Support - Services (2.6%)
	863	ASGN, Inc., Rule 144A, Company Guaranteed Notes (Callable 05/15/23 @ 102.31)⁽¹⁾	(BB-, Ba3)	05/15/28		4.625		888,873
	650	Ashtead Capital, Inc., Rule 144A, Company Guaranteed Notes (Callable 08/01/21 @ 103.94)⁽¹⁾	(BBB-, Baa3)	08/01/26		5.250		689,813
	250	Gartner, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/01/23 @ 102.25)⁽¹⁾	(BB, Ba3)	07/01/28		4.500		261,303
	1,285	Gems Education Delaware LLC, Rule 144A, Senior Secured Notes (Callable 07/31/22 @ 103.56)⁽¹⁾	(B, B3)	07/31/26		7.125		1,273,756
	540	KAR Auction Services, Inc., Rule 144A, Company Guaranteed Notes (Callable 11/30/20 @ 103.84)⁽¹⁾	(B-, Caa1)	06/01/25		5.125		544,725
	1,185	Korn Ferry, Rule 144A, Company Guaranteed Notes (Callable 12/15/22 @ 102.31)⁽¹⁾	(BB, Ba3)	12/15/27		4.625		1,211,662
	500	United Rentals North America, Inc., Secured Notes (Callable 11/15/22 @ 101.94)	(BBB-, Ba1)	11/15/27		3.875		518,750
	1,754	WeWork Cos., Inc., Rule 144A, Company Guaranteed Notes^(1),(2)	(CCC+, NR)	05/01/25		7.875		1,117,096
	390	Williams Scotsman International, Inc., Rule 144A, Senior Secured Notes (Callable 08/15/23 @ 102.31)⁽¹⁾	(B+, B3)	08/15/28		4.625		393,169
								6,899,147
Tech Hardware & Equipment (0.7%)
	750	CommScope Technologies LLC, Rule 144A, Company Guaranteed Notes (Callable 03/15/22 @ 102.50)⁽¹⁾	(CCC+, B3)	03/15/27		5.000		701,265
	550	CommScope, Inc., Rule 144A, Company Guaranteed Notes (Callable 03/01/22 @ 104.13)⁽¹⁾	(CCC+, B3)	03/01/27		8.250		569,938
	115	EMC Corp., Rule 144A, Senior Secured Notes (Callable 08/01/26 @ 100.00)⁽¹⁾	(BBB-, Baa3)	10/01/26		4.900		131,056

See Accompanying Notes to Financial Statements.
18

Credit Suisse Strategic Income Fund
Schedule of Investments (continued)
October 31, 2020

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
CORPORATE BONDS (continued)
Tech Hardware & Equipment
$	550	Xerox Holdings Corp., Rule 144A, Company Guaranteed Notes (Callable 07/15/28 @ 100.00)⁽¹⁾	(BB, Ba1)	08/15/28		5.500	$	543,991
								1,946,250
Telecom - Wireless (0.1%)
	250	T-Mobile U.S.A., Inc., Company Guaranteed Notes (Callable 02/01/21 @ 102.25)	(BB, Ba3)	02/01/26		4.500		256,719
Telecom - Wireline Integrated & Services (1.0%)
	800	Altice Financing S.A., Rule 144A, Senior Secured Notes (Callable 05/15/21 @ 103.75)⁽¹⁾	(B, B2)	05/15/26		7.500		836,000
	200	Equinix, Inc., Senior Unsecured Notes (Callable 05/15/22 @ 102.69)	(BBB-, Baa3)	05/15/27		5.375		218,114
	1,125	GTT Communications, Inc., Rule 144A, Company Guaranteed Notes (Callable 11/30/20 @ 105.91)⁽¹⁾	(CCC-, Caa2)	12/31/24		7.875		566,719
	1,000	LCPR Senior Secured Financing DAC, Rule 144A, Senior Secured Notes (Callable 10/15/22 @ 103.38)⁽¹⁾	(B+, B1)	10/15/27		6.750		1,063,750
								2,684,583
Theaters & Entertainment (1.3%)
	149	AMC Entertainment Holdings, Inc., Rule 144A, Senior Secured Notes (Callable 06/15/22 @ 105.25)⁽¹⁾	(CCC, Caa2)	04/24/26		10.500		76,735
	1,271	AMC Entertainment Holdings, Inc., 10.00% Cash, 12.00% PIK, Rule 144A, Secured Notes (Callable 06/15/23 @ 106.00)^(1),(3)	(C, Ca)	06/15/26		12.000		82,615
	1,679	Cinemark U.S.A., Inc., Global Company Guaranteed Notes (Callable 11/30/20 @ 100.81)	(B, Caa1)	06/01/23		4.875		1,410,805
	275	Cinemark U.S.A., Inc., Rule 144A, Senior Secured Notes (Callable 05/01/22 @ 104.38)⁽¹⁾	(BB-, Ba3)	05/01/25		8.750		285,141
	500	Live Nation Entertainment, Inc., Rule 144A, Company Guaranteed Notes (Callable 11/05/20 @ 102.44)⁽¹⁾	(B, B3)	11/01/24		4.875		482,190
	650	Live Nation Entertainment, Inc., Rule 144A, Company Guaranteed Notes (Callable 10/15/22 @ 103.56)⁽¹⁾	(B, B3)	10/15/27		4.750		598,406
	500	Live Nation Entertainment, Inc., Rule 144A, Senior Secured Notes (Callable 05/15/23 @ 104.88)⁽¹⁾	(BB-, B1)	05/15/27		6.500		535,640
								3,471,532

See Accompanying Notes to Financial Statements.
19

Credit Suisse Strategic Income Fund
Schedule of Investments (continued)
October 31, 2020

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
CORPORATE BONDS (continued)
Transport Infrastructure/Services (0.4%)
$	1,300	Navios Maritime Finance II U.S., Inc., Rule 144A, Senior Secured Notes (Callable 11/30/20 @ 100.00)⁽¹⁾	(CCC, Caa2)	08/15/22		11.250	$	1,066,000
TOTAL CORPORATE BONDS (Cost $116,205,634)								110,269,310
BANK LOANS (48.1%)
Advertising (0.6%)
	1,046	Clear Channel Outdoor Holdings, Inc., LIBOR 3M + 3.500%⁽⁹⁾	(B, B1)	08/21/26		3.714		956,476
	736	MH Sub I LLC, LIBOR 1M + 3.500%⁽⁹⁾	(B, B2)	09/13/24		3.648		714,339
								1,670,815
Aerospace & Defense (0.3%)
	983	TransDigm, Inc., LIBOR 1M + 2.250%⁽⁹⁾	(B+, Ba3)	12/09/25		2.398		926,930
Air Transportation (0.2%)
	418	Mileage Plus Holdings LLC, LIBOR 3M + 5.250%⁽⁹⁾	(NR, Baa3)	06/25/27		6.250		425,487
Auto Parts & Equipment (1.5%)
	1,059	Autokiniton U.S. Holdings, Inc., LIBOR 1M + 6.375%^(6),(9)	(B, B2)	05/22/25		6.523		1,027,190
	972	Clarios Global LP, LIBOR 1M + 3.500%⁽⁹⁾	(B, B1)	04/30/26		3.648		946,867
	968	Dayco Products LLC, LIBOR 3M + 4.250%⁽⁹⁾	(CCC+, Caa2)	05/19/23		4.506		616,781
	383	Dealer Tire LLC, LIBOR 1M + 4.250%⁽⁹⁾	(B-, B1)	12/12/25		4.398		375,198
	280	Garrett Motion, Inc.^(6),(10)	(BBB-, NR)	03/31/21		5.500		281,400
	130	Jason Group, Inc., LIBOR 1M + 2.000%⁽⁹⁾	(CCC-, Caa3)	02/28/26		11.000		118,478
	197	Jason Group, Inc., LIBOR 1M + 3.000%^(6),(9)	(B-, Caa1)	08/28/25		7.000		190,289
	389	Les Schwab Tire Centers, LIBOR 3M + 3.500%⁽⁹⁾	(B, B2)	10/28/27		3.500		386,232
								3,942,435
Banking (0.3%)
	800	NEXUS Buyer LLC, LIBOR 1M + 3.750%⁽⁹⁾	(B-, B2)	11/09/26		3.897		786,200
Building & Construction (0.6%)
	443	ACProducts, Inc., LIBOR 3M + 6.500%⁽⁹⁾	(B, B2)	08/18/25		7.500		449,094
	287	SiteOne Landscape Supply, Inc., LIBOR 1M + 2.750%⁽⁹⁾	(BB, B1)	10/29/24		3.750		286,049
	540	TRC Companies, Inc., LIBOR 1M + 5.000%⁽⁹⁾	(B, B2)	06/21/24		6.000		528,111
	245	TRC Companies, Inc., LIBOR 1M + 3.500%⁽⁹⁾	(B, B2)	06/21/24		4.500		238,581
								1,501,835
Building Materials (1.3%)
	587	Airxcel, Inc., LIBOR 2M + 4.500%⁽⁹⁾	(B-, Caa2)	04/28/25		4.648		556,002
	1,231	Cornerstone Building Brands, Inc., LIBOR 1M + 3.750%⁽⁹⁾	(B+, B2)	04/12/25		3.895		1,211,681
	746	Foundation Building Materials Holding, Co. LLC, LIBOR 1M + 3.000%⁽⁹⁾	(BB-, B2)	08/13/25		3.148		734,104

See Accompanying Notes to Financial Statements.
20

Credit Suisse Strategic Income Fund
Schedule of Investments (continued)
October 31, 2020

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
BANK LOANS (continued)
Building Materials
$	917	Priso Acquisition Corp., LIBOR 3M + 3.000%⁽⁹⁾	(B+, B3)	05/08/22		4.000	$	898,933
								3,400,720
Chemicals (2.3%)
	411	Allnex (Luxembourg) & Cy S.C.A., LIBOR 3M + 3.250%⁽⁹⁾	(B, B2)	09/13/23		4.000		399,637
	309	Allnex U.S.A., Inc., LIBOR 3M + 3.250%⁽⁹⁾	(B, B2)	09/13/23		4.000		301,083
	956	Ascend Performance Materials Operations LLC, LIBOR 3M + 5.250%⁽⁹⁾	(BB-, B1)	08/27/26		6.250		955,534
	1,226	PMHC II, Inc., LIBOR 12M + 3.500%⁽⁹⁾	(CCC+, Caa1)	03/31/25		4.500		1,116,743
	977	Polar U.S. Borrower LLC, LIBOR 1M + 4.750%⁽⁹⁾	(B-, B2)	10/15/25		4.897		942,706
	497	Solenis Holdings LLC, LIBOR 3M + 4.000%⁽⁹⁾	(B-, B3)	06/26/25		4.256		486,678
	743	UTEX Industries, Inc.^(4),(8),(10)	(NR, NR)	05/22/21		0.000		228,977
	61	UTEX Industries, Inc., LIBOR 1M + 9.000%^(6),(9)	(NR, NR)	02/10/21		10.000		61,718
	43	UTEX Industries, Inc.^(6),(8),(10)	(NR, NR)	10/30/24		8.500		43,202
	455	Vantage Specialty Chemicals, Inc., LIBOR 6M + 8.250%^(7),(9)	(CCC, Caa3)	10/27/25		9.250		357,702
	1,459	Zep, Inc., LIBOR 6M + 4.000%⁽⁹⁾	(CCC+, B3)	08/12/24		5.000		1,383,303
								6,277,283
Diversified Capital Goods (3.1%)
	1,608	Callaway Golf Co., LIBOR 1M + 4.500%⁽⁹⁾	(B+, B1)	01/02/26		4.647		1,604,667
	1,028	Douglas Dynamics Holdings, Inc., LIBOR 1M + 3.750%^(6),(9)	(BB-, B2)	06/08/26		4.750		1,023,253
	1,456	Dynacast International LLC, LIBOR 3M + 3.250%⁽⁹⁾	(CCC, Caa1)	01/28/22		4.250		1,366,858
	486	Element Materials Technology Group U.S. Holdings, Inc., LIBOR 3M + 3.500%⁽⁹⁾	(B, B2)	06/28/24		4.500		463,344
	947	Filtration Group Corp., LIBOR 1M + 3.000%⁽⁹⁾	(B, B3)	03/29/25		3.148		924,361
	495	Filtration Group Corp., LIBOR 1M + 3.750%⁽⁹⁾	(B, B3)	03/31/25		4.500		489,790
	522	Thermon Industries, Inc., LIBOR 1M + 3.750%^(6),(9)	(B, B2)	10/30/24		4.750		515,845
	1,864	Vertiv Group Corp., LIBOR 1M + 3.000%⁽⁹⁾	(B+, B1)	03/02/27		3.148		1,836,875
								8,224,993
Electronics (0.9%)
	455	CPI International, Inc., LIBOR 1M + 3.500%^(7),(9)	(B-, B3)	07/26/24		4.500		436,499
	500	CPI International, Inc., LIBOR 1M + 7.250%^(6),(7),(9)	(CCC, Caa2)	07/26/25		8.250		442,224
	1,214	Oberthur Technologies SA, LIBOR 3M + 3.750%⁽⁹⁾	(B-, B3)	01/10/24		3.970		1,170,002
	397	Triton Solar U.S. Acquisition Co., LIBOR 3M + 6.000%^(7),(9)	(B, B3)	10/29/24		6.220		343,618
								2,392,343
Energy - Exploration & Production (0.4%)
	1,182	Lower Cadence Holdings LLC, LIBOR 1M + 4.000%⁽⁹⁾	(B-, B2)	05/22/26		4.148		1,078,588
	848	PES Holdings LLC, PRIME + 6.990%, PIK^(3),(4),(9)	(NR, NR)	12/31/22		6.250		95,392
								1,173,980

See Accompanying Notes to Financial Statements.
21

Credit Suisse Strategic Income Fund
Schedule of Investments (continued)
October 31, 2020

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
BANK LOANS (continued)
Food - Wholesale (0.9%)
$	981	AI Aqua Merger Sub, Inc., LIBOR 1M + 3.250%^(6),(9)	(B, B2)	12/13/23		4.250	$	961,540
	523	AI Aqua Merger Sub, Inc., LIBOR 3M + 4.250%^(6),(9)	(B, B2)	12/13/23		5.250		517,918
	213	U.S. Foods, Inc., LIBOR 1M + 2.000%⁽⁹⁾	(BB-, B3)	09/13/26		2.148		203,237
	806	United Natural Foods, Inc., LIBOR 1M + 4.250%⁽⁹⁾	(B, B2)	10/22/25		4.398		795,517
								2,478,212
Forestry & Paper (0.2%)
	654	Asplundh Tree Expert LLC, LIBOR 1M + 2.500%⁽⁹⁾	(BBB-, Ba1)	09/07/27		2.640		653,051
Gaming (0.8%)
	954	CBAC Borrower LLC, LIBOR 1M + 4.000%^(7),(9)	(CCC+, Caa2)	07/08/24		4.148		842,148
	341	Gateway Casinos & Entertainment Ltd., LIBOR 3M + 3.500%, PIK^(3),(9)	(B, B2)	03/13/25		7.500		308,479
	333	Golden Nugget, Inc., LIBOR 1M + 2.500%⁽⁹⁾	(B, B2)	10/04/23		3.250		295,116
	700	Stars Group Holdings B.V. (The), LIBOR 3M + 3.500%⁽⁹⁾	(BBB-, Ba1)	07/10/25		3.720		701,155
								2,146,898
Gas Distribution (0.5%)
	1,349	Traverse Midstream Partners LLC, LIBOR 1M + 5.500%⁽⁹⁾	(B, B3)	09/27/24		6.500		1,250,677
Health Facilities (0.4%)
	160	Western Dental Services, Inc., LIBOR 3M + 4.500%^(6),(9)	(CCC+, Caa1)	06/30/23		5.500		150,745
	1,091	Western Dental Services, Inc., LIBOR 3M + 5.250%^(6),(9)	(CCC+, Caa1)	06/30/23		6.250		1,033,619
								1,184,364
Health Services (2.8%)
	2,011	Athenahealth, Inc., LIBOR 3M + 4.500%^(6),(9)	(B, B2)	02/11/26		4.750		1,973,567
	1,479	Auris Luxembourg III Sarl, LIBOR 1M + 3.750%⁽⁹⁾	(B-, B3)	02/27/26		3.898		1,386,316
	993	Cambrex Corp., LIBOR 1M + 5.000%⁽⁹⁾	(B, B2)	12/04/26		6.000		992,505
	336	Carestream Health, Inc., LIBOR 6M + 6.750%⁽⁹⁾	(B-, B1)	05/08/23		7.750		325,300
	1,722	KUEHG Corp., LIBOR 3M + 3.750%⁽⁹⁾	(CCC+, B3)	02/21/25		4.750		1,576,537
	1,477	Learning Care Group, Inc., LIBOR 6M + 3.250%⁽⁹⁾	(CCC, B3)	03/13/25		4.250		1,357,983
								7,612,208
Insurance Brokerage (0.7%)
	653	Acrisure LLC, LIBOR 1M + 3.500%⁽⁹⁾	(B, B2)	02/15/27		3.648		631,610
	783	NFP Corp., LIBOR 1M + 3.250%⁽⁹⁾	(B, B1)	02/15/27		3.398		750,558
	590	Ryan Specialty Group LLC, LIBOR 1M + 3.250%⁽⁹⁾	(B, B1)	09/01/27		4.000		586,951
								1,969,119

See Accompanying Notes to Financial Statements.
22

Credit Suisse Strategic Income Fund
Schedule of Investments (continued)
October 31, 2020

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
BANK LOANS (continued)
Investments & Misc. Financial Services (2.0%)
$	1,241	Advisor Group, Inc., LIBOR 1M + 5.000%⁽⁹⁾	(B-, B2)	07/31/26		5.148	$	1,199,616
	545	Altisource Solutions Sarl, LIBOR 3M + 4.000%^(7),(9)	(B-, Caa1)	04/03/24		5.000		394,626
	453	Ditech Holding Corp., PRIME + 7.000%^(4),(6),(9)	(NR, NR)	06/30/22		11.250		136,352
	426	Focus Financial Partners LLC, LIBOR 1M + 2.000%⁽⁹⁾	(BB-, Ba3)	07/03/24		2.148		414,451
	1,217	Hudson River Trading LLC, LIBOR 1M + 3.000%⁽⁹⁾	(BB-, Ba2)	02/18/27		3.148		1,205,355
	624	Liquidnet Holdings, Inc., LIBOR 6M + 3.250%⁽⁹⁾	(BB-, Ba3)	07/15/24		4.250		621,098
	1,402	VFH Parent LLC, LIBOR 1M + 3.000%⁽⁹⁾	(B+, Ba3)	03/01/26		3.145		1,388,147
								5,359,645
Machinery (1.1%)
	915	Cohu, Inc., LIBOR 1M + 3.000%⁽⁹⁾	(B-, B2)	10/01/25		3.148		885,207
	288	CPM Holdings, Inc., LIBOR 1M + 3.750%⁽⁹⁾	(CCC+, B3)	11/17/25		3.899		268,991
	247	CPM Holdings, Inc., LIBOR 1M + 8.250%^(7),(9)	(CCC, Caa3)	11/15/26		8.399		227,151
	411	LTI Holdings, Inc., LIBOR 1M + 6.750%^(7),(9)	(CCC+, Caa3)	09/06/26		6.898		369,971
	720	LTI Holdings, Inc., LIBOR 1M + 3.500%⁽⁹⁾	(B-, B3)	09/06/25		3.648		673,332
	550	Penn Engineering & Manufacturing Corp., LIBOR 1M + 2.750%^(6),(9)	(B+, B1)	06/27/24		3.750		540,821
								2,965,473
Managed Care (1.1%)
	1,391	Inovalon Holdings, Inc., LIBOR 1M + 3.000%⁽⁹⁾	(B+, B2)	04/02/25		3.188		1,356,972
	1,512	MPH Acquisition Holdings LLC, LIBOR 3M + 2.750%⁽⁹⁾	(B+, B1)	06/07/23		3.750		1,495,790
								2,852,762
Media - Diversified (0.5%)
	621	Cast and Crew Payroll LLC, LIBOR 1M + 3.750%⁽⁹⁾	(B, B3)	02/09/26		3.898		585,127
	979	Diamond Sports Group LLC, LIBOR 1M + 3.250%⁽⁹⁾	(BB-, Ba3)	08/24/26		3.400		613,985
	250	NEP/NCP Holdco, Inc., LIBOR 1M + 7.000%^(7),(9)	(CCC, Caa3)	10/19/26		7.148		202,813
								1,401,925
Media Content (0.3%)
	684	NASCAR Holdings, Inc., LIBOR 1M + 2.750%⁽⁹⁾	(BB, Ba3)	10/19/26		2.902		667,279
Medical Products (1.3%)
	1,051	ABB Concise Optical Group LLC, LIBOR 6M + 5.000%⁽⁹⁾	(CCC+, B3)	06/15/23		6.000		922,511
	985	CryoLife, Inc., LIBOR 3M + 3.250%⁽⁹⁾	(B, B1)	12/01/24		4.250		977,424
	1,486	Sotera Health Holdings LLC, LIBOR 3M + 4.500%⁽⁹⁾	(B, B2)	12/11/26		5.500		1,483,575
								3,383,510

See Accompanying Notes to Financial Statements.
23

Credit Suisse Strategic Income Fund
Schedule of Investments (continued)
October 31, 2020

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
BANK LOANS (continued)
Metals & Mining - Excluding Steel (0.6%)
$	1,463	GrafTech Finance, Inc., LIBOR 1M + 3.500%⁽⁹⁾	(BB-, B1)	02/12/25		4.500	$	1,446,534
	221	Noranda Aluminum Acquisition Corp., PRIME + 3.500%^(4),(6),(9)	(NR, NR)	02/28/19		7.750		19,912
								1,466,446
Non - Electric Utilities (0.2%)
	726	BCP Raptor LLC, LIBOR 3M + 4.250%⁽⁹⁾	(B-, B3)	06/24/24		5.250		601,362
Packaging (1.0%)
	493	Berry Global, Inc., LIBOR 1M + 2.000%⁽⁹⁾	(BBB-, Ba2)	07/01/26		2.147		477,557
	623	Flex Acquisition Co., Inc., LIBOR 3M + 3.000%⁽⁹⁾	(B, B2)	12/29/23		4.000		608,890
	815	Proampac PG Borrower LLC, PRIME + 2.500%⁽⁹⁾	(B-, B3)	11/20/23		5.442		802,527
	733	Strategic Materials, Inc., LIBOR 3M + 3.750%^(7),(9)	(CCC, Caa3)	11/01/24		4.750		574,520
	645	Strategic Materials, Inc., LIBOR 3M + 7.750%^(6),(7),(9)	(CC, C)	10/31/25		8.750		228,975
								2,692,469
Personal & Household Products (0.6%)
	982	Serta Simmons Bedding LLC, LIBOR 1M + 7.500%⁽⁹⁾	(B, Caa2)	08/10/23		8.500		843,156
	446	TricorBraun Holdings, Inc., PRIME + 2.750%⁽⁹⁾	(B-, B2)	11/30/23		4.750		440,148
	422	Weber-Stephen Products LLC, LIBOR 3M + 3.250%^(8),(9)	(B, B1)	10/20/27		0.000		418,953
								1,702,257
Pharmaceuticals (0.8%)
	438	Akorn, Inc., LIBOR 3M + 7.500%⁽⁹⁾	(CCC+, Caa2)	10/01/25		14.000		440,667
	864	Endo Luxembourg Finance Co. I Sarl, LIBOR 3M + 4.250%⁽⁹⁾	(B+, B2)	04/29/24		5.000		823,528
	949	Syneos Health, Inc., LIBOR 1M + 1.500%⁽⁹⁾	(BB, Ba3)	03/26/24		1.648		933,375
								2,197,570
Real Estate Development & Management (0.8%)
	1,228	Cushman & Wakefield U.S. Borrower LLC, LIBOR 1M + 2.750%⁽⁹⁾	(BB-, Ba3)	08/21/25		2.898		1,178,406
	1,010	Forest City Enterprises LP, LIBOR 1M + 3.500%⁽⁹⁾	(B+, B2)	12/08/25		3.648		979,910
								2,158,316
Real Estate Investment Trusts (0.3%)
	719	Blackstone Mortgage Trust, Inc., LIBOR 1M + 4.750%^(6),(9)	(B+, Ba2)	04/23/26		5.750		719,485
Recreation & Travel (1.5%)
	250	Bulldog Purchaser, Inc., LIBOR 1M + 7.750%⁽⁹⁾	(CCC-, Caa3)	09/04/26		7.898		208,750
	1,968	Bulldog Purchaser, Inc., LIBOR 1M + 3.750%⁽⁹⁾	(B-, B3)	09/05/25		3.898		1,731,816
	198	Crown Finance U.S., Inc., LIBOR 6M + 2.500%⁽⁹⁾	(CCC-, Caa3)	02/28/25		2.769		112,310
	493	Crown Finance U.S., Inc., LIBOR 6M + 2.750%⁽⁹⁾	(CCC-, Caa3)	09/30/26		3.019		275,804

See Accompanying Notes to Financial Statements.
24

Credit Suisse Strategic Income Fund
Schedule of Investments (continued)
October 31, 2020

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
BANK LOANS (continued)
Recreation & Travel
$	874	Hornblower Sub LLC, LIBOR 3M + 4.500%⁽⁹⁾	(CCC-, Caa2)	04/27/25		5.500	$	636,238
	1,134	Hornblower Sub LLC⁽¹⁰⁾	(NR, NR)	11/02/25		9.125		1,100,000
								4,064,918
Restaurants (1.7%)
	1,257	Flynn Restaurant Group LP, LIBOR 1M + 3.500%⁽⁹⁾	(B-, B2)	06/27/25		3.648		1,196,680
	1,230	IRB Holding Corp., LIBOR 6M + 2.750%⁽⁹⁾	(B, B3)	02/05/25		3.750		1,173,539
	491	K-Mac Holdings Corp., LIBOR 1M + 3.000%⁽⁹⁾	(B-, B2)	03/14/25		3.148		475,257
	291	K-Mac Holdings Corp., LIBOR 1M + 6.750%^(7),(9)	(CCC, Caa2)	03/16/26		6.898		279,295
	735	Miller's Ale House, Inc., LIBOR 1M + 4.750%^(7),(9)	(CCC, Caa1)	05/30/25		4.902		598,076
	739	Tacala LLC, LIBOR 1M + 3.250%⁽⁹⁾	(B-, B2)	02/05/27		3.398		718,427
								4,441,274
Software - Services (7.7%)
	746	Aston FinCo Sarl, LIBOR 1M + 4.250%⁽⁹⁾	(B-, B2)	10/09/26		4.395		735,176
	893	Emerald TopCo, Inc., LIBOR 3M + 3.500%⁽⁹⁾	(B, B2)	07/24/26		3.714		862,974
	600	Epicor Software Corp., LIBOR 1M + 7.750%⁽⁹⁾	(CCC, Caa2)	07/31/28		8.750		616,875
	1,700	Epicor Software Corp., LIBOR 1M + 4.250%⁽⁹⁾	(B-, B2)	07/30/27		5.250		1,696,077
	1,983	Finastra U.S.A., Inc., LIBOR 6M + 3.500%⁽⁹⁾	(CCC+, B2)	06/13/24		4.500		1,875,683
	650	Flexera Software LLC, LIBOR 3M + 3.250%⁽⁹⁾	(B-, B2)	02/26/25		4.250		643,870
	744	Huskies Parent, Inc., LIBOR 1M + 4.000%⁽⁹⁾	(B-, B2)	07/31/26		4.148		735,305
	1,095	Hyland Software, Inc., LIBOR 1M + 7.000%⁽⁹⁾	(CCC, Caa1)	07/07/25		7.750		1,088,332
	982	Hyland Software, Inc., LIBOR 1M + 3.500%⁽⁹⁾	(B-, B1)	07/01/24		4.250		970,666
	199	MA FinanceCo. LLC, LIBOR 1M + 2.500%⁽⁹⁾	(BB-, B1)	06/21/24		2.648		188,601
	511	MA FinanceCo., LLC, LIBOR 3M + 4.250%⁽⁹⁾	(BB-, B1)	06/05/25		5.250		509,269
	162	Navicure, Inc., LIBOR 1M + 4.000%⁽⁹⁾	(B-, B2)	10/22/26		4.148		158,323
	380	Newport Group, Inc., LIBOR 3M + 3.500%⁽⁹⁾	(B, B2)	09/13/25		3.720		365,087
	1,496	Project Alpha Intermediate Holding, Inc., LIBOR 3M + 3.500%⁽⁹⁾	(B, B3)	04/26/24		4.500		1,473,318
	1,108	Project Boost Purchaser LLC, LIBOR 1M + 3.500%⁽⁹⁾	(B-, B2)	06/01/26		3.648		1,077,915
	247	Project Leopard Holdings, Inc., LIBOR 3M + 4.500%⁽⁹⁾	(B, B2)	07/07/23		5.500		243,279
	492	Project Leopard Holdings, Inc., LIBOR 3M + 4.250%⁽⁹⁾	(B, B2)	07/07/23		5.250		485,633
	686	Project Ruby Ultimate Parent Corp., LIBOR 1M + 3.500%⁽⁹⁾	(B, B2)	02/09/24		4.500		680,016
	2,337	Refinitiv U.S. Holdings, Inc., LIBOR 1M + 3.250%⁽⁹⁾	(B, B2)	10/01/25		3.398		2,305,981
	308	S2P Acquisition Borrower, Inc., LIBOR 1M + 4.000%⁽⁹⁾	(B-, B2)	08/14/26		4.148		302,070
	1,344	Seattle Spinco, Inc., LIBOR 1M + 2.500%⁽⁹⁾	(BB-, B1)	06/21/24		2.648		1,273,692
	1,931	The Ultimate Software Group, Inc., LIBOR 1M + 3.750%⁽⁹⁾	(B, B1)	05/04/26		3.898		1,901,883
	421	VS Buyer LLC, LIBOR 1M + 3.250%^(6),(9)	(B-, B1)	02/28/27		3.398		412,246
								20,602,271

See Accompanying Notes to Financial Statements.
25

Credit Suisse Strategic Income Fund
Schedule of Investments (continued)
October 31, 2020

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
BANK LOANS (continued)
Specialty Retail (0.8%)
$	1,360	EG America LLC, LIBOR 3M + 4.000%⁽⁹⁾	(B-, B3)	02/07/25		4.220	$	1,309,681
	794	Mister Car Wash Holdings, Inc., LIBOR 1M + 3.250%⁽⁹⁾	(CCC+, B2)	05/14/26		3.401		754,661
								2,064,342
Steel Producers/Products (0.9%)
	1,147	Atkore International, Inc., LIBOR 3M + 2.750%⁽⁹⁾	(BB-, Ba3)	12/22/23		3.750		1,143,518
	1,244	Zekelman Industries, Inc., LIBOR 1M + 2.000%⁽⁹⁾	(BB, Ba3)	01/24/27		2.148		1,209,746
								2,353,264
Support - Services (2.1%)
	993	Allied Universal Holdco LLC, LIBOR 1M + 4.250%⁽⁹⁾	(B-, B3)	07/10/26		4.398		974,243
	708	Brand Energy & Infrastructure Services, Inc., LIBOR 3M + 4.250%⁽⁹⁾	(B-, B3)	06/21/24		5.250		662,342
	670	Long Term Care Group, Inc., LIBOR 1M + 5.250%^(6),(9)	(B, B3)	12/06/22		6.250		661,409
	748	Pike Corp., LIBOR 1M + 3.000%⁽⁹⁾	(BB-, Ba3)	07/24/26		3.285		740,176
	748	Prometric Holdings, Inc., LIBOR 1M + 3.000%⁽⁹⁾	(B-, B2)	01/29/25		4.000		702,905
	970	SAI Global Holdings II (Australia) Pty. Ltd., LIBOR 3M + 4.500%^(7),(9)	(CCC, Caa1)	12/20/23		5.500		795,259
	667	St. George's University Scholastic Services, LIBOR 1M + 3.250%⁽⁹⁾	(B+, B2)	07/17/25		3.400		653,684
	327	USS Ultimate Holdings, Inc., LIBOR 3M + 7.750%^(7),(9)	(CCC, Caa2)	08/25/25		8.750		313,773
								5,503,791
Tech Hardware & Equipment (0.2%)
	594	CommScope, Inc., LIBOR 1M + 3.250%⁽⁹⁾	(B, Ba3)	04/06/26		3.398		575,638
Telecom - Wireline Integrated & Services (2.2%)
	485	Altice Financing S.A., LIBOR 1M + 2.750%⁽⁹⁾	(B, B2)	01/31/26		2.902		463,578
	494	Altice France S.A., LIBOR 3M + 4.000%⁽⁹⁾	(B, B2)	08/14/26		4.237		481,284
	1,481	Altice France S.A., LIBOR 1M + 3.688%⁽⁹⁾	(B, B2)	01/31/26		3.836		1,438,210
	1,166	CenturyLink, Inc., LIBOR 1M + 2.250%⁽⁹⁾	(BBB-, Ba3)	03/15/27		2.398		1,125,032
	643	GTT Communications, Inc., LIBOR 3M + 2.750%⁽⁹⁾	(CCC+, B3)	05/31/25		2.970		553,274
	1,117	MTN Infrastructure TopCo, Inc., LIBOR 1M + 3.000%⁽⁹⁾	(B, B2)	11/15/24		4.000		1,091,836
	456	TVC Albany, Inc., LIBOR 1M + 3.500%⁽⁹⁾	(B-, B2)	07/23/25		3.650		440,111
	438	TVC Albany, Inc., LIBOR 1M + 7.500%^(6),(7),(9)	(CCC, Caa2)	07/23/26		7.650		378,437
								5,971,762
Theaters & Entertainment (2.2%)
	1,704	Metro-Goldwyn-Mayer, Inc., LIBOR 1M + 4.500%^(6),(9)	(CCC+, B3)	07/03/26		5.500		1,665,881
	295	Technicolor S.A., LIBOR 3M + 6.000%⁽⁹⁾	(B, Caa1)	06/30/24		6.269		316,105
	915	Technicolor S.A., LIBOR 6M + 6.000%⁽⁹⁾	(B, Caa1)	06/30/24		6.000		980,991

See Accompanying Notes to Financial Statements.
26

Credit Suisse Strategic Income Fund
Schedule of Investments (continued)
October 31, 2020

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
BANK LOANS (continued)
Theaters & Entertainment
$	874	Technicolor S.A., LIBOR 3M + 2.750%⁽⁹⁾	(CCC, Ca)	12/31/24		6.025	$	688,005
	170	TopGolf International, Inc., LIBOR 3M + 6.250%⁽⁹⁾	(CCC+, Caa1)	02/08/26		7.000		169,761
	2,467	William Morris Endeavor Entertainment LLC, LIBOR 1M + 2.750%⁽⁹⁾	(CCC+, B3)	05/18/25		2.900		2,118,171
								5,938,914
Trucking & Delivery (0.4%)
	977	Transplace Holdings, Inc., LIBOR 6M + 3.750%^(7),(9)	(B-, B1)	10/07/24		4.750		964,202
TOTAL BANK LOANS (Cost $136,083,921)								128,666,425
ASSET BACKED SECURITIES (5.3%)
Collateralized Debt Obligations (5.3%)
	1,000	Battalion CLO XV Ltd., 2020-15A, Rule 144A, LIBOR 3M + 6.350%^(1),(9)	(BB-, NR)	01/17/33		6.568		942,861
	750	BlueMountain Fuji U.S. CLO III Ltd., 2017-3A, Rule 144A, LIBOR 3M + 5.200%^(1),(9)	(BB-, NR)	01/15/30		5.437		618,886
	750	Carlyle Global Market Strategies CLO Ltd., 2014-3RA, Rule 144A, LIBOR 3M + 5.400%^(1),(9)	(B+, NR)	07/27/31		5.617		578,440
	500	Carlyle Global Market Strategies CLO Ltd., 2015-2A, Rule 144A, LIBOR 3M + 6.150%^(1),(7),(9)	(NR, B3)	04/27/27		6.367		364,898
	500	Carlyle U.S. CLO Ltd., 2017-2A, Rule 144A^{(1),(7),(8),(10)}	(NR, NR)	07/20/31		0.000		179,962
	750	CIFC Funding Ltd., 2014-1A, Rule 144A, LIBOR 3M + 5.850%^(1),(9)	(B+, NR)	01/18/31		5.850		637,454
	750	Goldentree Loan Opportunities XI Ltd., 2015-11A, Rule 144A, LIBOR 3M + 5.400%^(1),(9)	(NR, Ba3)	01/18/31		5.618		657,442
	750	Greywolf CLO II Ltd., 2013-1A, Rule 144A, LIBOR 3M + 6.350%^(1),(9)	(B+, NR)	10/15/29		6.587		634,607
	750	Greywolf CLO V Ltd., 2015-1A, Rule 144A, LIBOR 3M + 5.850%^(1),(9)	(B+, NR)	01/27/31		6.065		631,039
	500	Halcyon Loan Advisors Funding Ltd., 2015-2A, Rule 144A^{(1),(7),(8),(10)}	(NR, NR)	07/25/27		0.000		17,500
	750	KKR CLO Ltd., 16, Rule 144A, LIBOR 3M + 6.750%^(1),(9)	(NR, Ba3)	01/20/29		6.968		640,663
	500	KKR CLO Ltd., 20, Rule 144A, LIBOR 3M + 5.500%^(1),(9)	(NR, Ba3)	10/16/30		5.730		422,431
	750	KKR Financial CLO Ltd., 2013-1A, Rule 144A, LIBOR 3M + 6.080%^(1),(9)	(NR, Ba3)	04/15/29		6.317		610,391
	1,000	Oaktree CLO Ltd., 2019-4A, Rule 144A, LIBOR 3M + 7.230%^(1),(9)	(BB-, NR)	10/20/32		7.448		928,902
	750	Octagon Investment Partners 31 LLC, 2017-1A, Rule 144A, LIBOR 3M + 6.300%^(1),(9)	(NR, Ba3)	07/20/30		6.518		664,482
	500	Shackleton CLO Ltd., 2014-6RA, Rule 144A, LIBOR 3M + 2.970%^(1),(9)	(NR, Baa3)	07/17/28		3.188		468,066

See Accompanying Notes to Financial Statements.
27

Credit Suisse Strategic Income Fund
Schedule of Investments (continued)
October 31, 2020

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
ASSET BACKED SECURITIES (continued)
Collateralized Debt Obligations
$	750	Symphony Credit Opportunities Fund Ltd., 2015-2A, Rule 144A, LIBOR 3M + 3.060%^(1),(9)	(NR, Baa3)	07/15/28		3.335	$	691,752
	1,000	TICP CLO XIII Ltd., 2019-13A, Rule 144A, LIBOR 3M + 6.750%^(1),(9)	(NR, Ba3)	07/15/32		6.987		959,972
	500	Venture CLO Ltd., 2018-35A, Rule 144A, LIBOR 3M + 3.500%^(1),(9)	(NR, Ba1)	10/22/31		3.716		429,347
	750	Venture XXIV CLO Ltd., 2016 24A, Rule 144A, LIBOR 3M + 3.900%^(1),(9)	(NR, Baa2)	10/20/28		4.118		713,338
	500	Venture XXVIII CLO Ltd., 2017-28A, Rule 144A, LIBOR 3M + 6.150%^(1),(9)	(NR, Ba3)	07/20/30		6.368		363,841
	500	Vibrant CLO V Ltd., 2016-5A, Rule 144A, LIBOR 3M + 7.000%^(1),(9)	(NR, B1)	01/20/29		7.218		349,522
	750	Vibrant CLO VI Ltd., 2017-6A, Rule 144A, LIBOR 3M + 5.750%^(1),(9)	(NR, B1)	06/20/29		5.977		556,611
	500	Voya CLO Ltd., 2014-4A, Rule 144A, LIBOR 3M + 3.350%^(1),(9)	(BBB-, NR)	07/14/31		3.579		435,470
	750	Wind River CLO Ltd., 2015-2A, Rule 144A, LIBOR 3M + 5.550%^(1),(9)	(NR, Ba3)	10/15/27		5.787		613,848
TOTAL ASSET BACKED SECURITIES (Cost $17,117,031)								14,111,725
Number of Shares
COMMON STOCKS (1.0%)
Auto Parts & Equipment (0.1%)
	11,414	Jason Group, Inc.^(5),(6),(11)						57,071
	23,014	Remainco LLC^(5),(6),(11)						225,998
								283,069
Building & Construction (0.0%)
	2	White Forest Resources, Inc.^{(5),(6),(7),(11)}						—
Building Materials (0.2%)
	60,000	Cornerstone Building Brands, Inc.⁽¹¹⁾						460,200
Chemicals (0.0%)
	1,512	Project Investor Holdings LLC^{(5),(6),(7),(11)}						15
	25,202	Proppants Holdings LLC^{(5),(6),(7),(11)}						27,470
								27,485
Energy - Exploration & Production (0.0%)
	749	Independence Contract Drilling, Inc.⁽¹¹⁾						1,741
	37,190	PES Energy, Inc.^(7),(11)						372
								2,113
Metals & Mining - Excluding Steel (0.4%)
	1,100,000	Taseko Mines Ltd.⁽¹¹⁾						1,014,737
Oil Field Equipment & Services (0.0%)
	3,529	Pioneer Energy Services Corp.^(5),(6),(11)						2,647

See Accompanying Notes to Financial Statements.
28

Credit Suisse Strategic Income Fund
Schedule of Investments (continued)
October 31, 2020

Number of Shares			Value
COMMON STOCKS (continued)
Pharmaceuticals (0.2%)
	37,299	Akorn Holding Company LLC	$	410,289
Private Placement (0.1%)
	42,147	Technicolor S.A. warrants, expires 12/11/2020⁽¹²⁾		59,803
	237,052	Technicolor S.A. EUR 27.0⁽¹²⁾		339,115
				398,918
Recreation & Travel (0.0%)
	5,000	Six Flags Entertainment Corp.		108,100
Support - Services (0.0%)
	87	Sprint Industrial Holdings LLC, Class G^{(5),(6),(7),(11)}		—
	8	Sprint Industrial Holdings LLC, Class H^{(5),(6),(7),(11)}		—
	19	Sprint Industrial Holdings LLC, Class I^{(5),(6),(7),(11)}		—
				0
TOTAL COMMON STOCKS (Cost $3,768,217)				2,707,558
WARRANT (0.0%)
Chemicals (0.0%)
	6,300	Project Investor Holdings LLC, expires 02/20/2022^{(5),(6),(7),(11)} (Cost $3,276)		—
SHORT-TERM INVESTMENTS (1.7%)
	4,585,945	State Street Navigator Securities Lending Government Money Market Portfolio 0.09%⁽¹³⁾ (Cost $4,585,945)		4,585,945
TOTAL INVESTMENTS AT VALUE (97.4%) (Cost $277,764,024)				260,340,963
OTHER ASSETS IN EXCESS OF LIABILITIES (2.6%)				7,016,424
NET ASSETS (100.0%)			$	267,357,387

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

⁽¹⁾Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At October 31, 2020, these securities amounted to a value of $110,027,132 or 41.2% of net assets.

⁽²⁾Security or portion thereof is out on loan (See note 2-K).

⁽³⁾PIK: Payment-in-kind security for which part of the income earned may be paid as additional principal.

⁽⁴⁾Bond is currently in default.

⁽⁵⁾Not readily marketable security; security is valued at fair value as determined in good faith by, or under the direction of, the Board of Trustees.

⁽⁶⁾Security is valued using significant unobservable inputs.

⁽⁷⁾Illiquid security (unaudited).

⁽⁸⁾Zero coupon security.

⁽⁹⁾Variable rate obligation — The interest rate shown is the rate in effect as of October 31, 2020.

See Accompanying Notes to Financial Statements.
29

Credit Suisse Strategic Income Fund
Schedule of Investments (continued)
October 31, 2020

⁽¹⁰⁾The rates on certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. The interest rate shown is the rate in effect as of October 31, 2020.

⁽¹¹⁾Non-income producing security.

⁽¹²⁾Security is held through holdings of 100 shares of the CIG Special Purpose SPC — Credit Suisse Strategic Income Fund Segregated Portfolio, an affiliated entity.

⁽¹³⁾Represents security purchased with cash collateral received for securities on loan. The rate shown is the annualized one-day yield at October 31, 2020.

INVESTMENT ABBREVIATIONS

1M = 1 Month

2M = 2 Month

3M = 3 Month

6M = 6 Month

12M = 12 Month

LIBOR = London Interbank Offered Rate

NR = Not Rated

Sarl - société à responsabilité limitée

Forward Foreign Currency Contracts
Forward Currency to be Purchased (Local)		Forward Currency to be Sold (Local)		Expiration Date	Counterparty	Value on Settlement Date			Current Value/ Notional			Net Unrealized Appreciation (Depreciation)
CAD	352,000	USD	264,161	10/13/21	Deutsche Bank AG	$	264,161		$	264,161		$	0
USD	1,327,784	CAD	1,749,000	10/13/21	Deutsche Bank AG		(1,327,784	)		(1,312,551	)		15,233
												$	15,233

Currency Abbreviations:

CAD = Canadian Dollar

USD = United States Dollar

See Accompanying Notes to Financial Statements.
30

Credit Suisse Strategic Income Fund
Statement of Assets and Liabilities
October 31, 2020

*Assets*
Investments at value, including collateral for securities on loan of $4,585,945 (Cost $277,764,024) (Note 2)	$	260,340,963¹
Cash		11,347,055
Receivable for investments sold		4,889,850
Interest receivable		2,709,323
Receivable for Fund shares sold		192,932
Unrealized appreciation on forward foreign currency contracts (Note 2)		15,233
Prepaid expenses and other assets		45,247
Total assets		279,540,603
*Liabilities*
Investment advisory fee payable (Note 3)		109,606
Administrative services fee payable (Note 3)		50,517
Shareholder servicing/Distribution fee payable (Note 3)		44,161
Payable for investments purchased		6,547,069
Payable upon return of securities loaned (Note 2)		4,585,945
Payable for Fund shares redeemed		563,599
Dividend payable		58,727
Trustees' fee payable		20,523
Accrued expenses		203,069
Total liabilities		12,183,216
*Net Assets*
Capital stock, $.001 par value (Note 6)		27,941
Paid-in capital (Note 6)		299,540,113
Total distributable earnings (loss)		(32,210,667	)
Net assets	$	267,357,387
*I Shares*
Net assets	$	190,537,186
Shares outstanding		19,915,027
Net asset value, offering price and redemption price per share	$	9.57
*A Shares*
Net assets	$	34,254,419
Shares outstanding		3,579,699
Net asset value and redemption price per share	$	9.57
Maximum offering price per share (net asset value/(1-4.75%))	$	10.05
*C Shares*
Net assets	$	42,565,782
Shares outstanding		4,446,025
Net asset value, offering price and redemption price per share	$	9.57

¹Includes $4,510,267 of securities on loan.

See Accompanying Notes to Financial Statements.
31

Credit Suisse Strategic Income Fund
Statement of Operations
For the Year Ended October 31, 2020

*Investment Income*
Interest	$	17,847,255
Dividends		6,200
Other		16,528
Securities lending (net of rebates)		18,929
Total investment income		17,888,912
*Expenses*
Investment advisory fees (Note 3)		2,451,224
Administrative services fees (Note 3)		93,748
Shareholder servicing/Distribution fees (Note 3)
Class A		103,587
Class C		474,858
Transfer agent fees (Note 3)		302,080
Registration fees		74,187
Trustees' fees		64,798
Custodian fees		61,189
Audit and tax fees		60,838
Printing fees		47,218
Commitment fees (Note 4)		38,896
Legal fees		16,620
Insurance expense		12,436
Miscellaneous expense		14,367
Total expenses		3,816,046
Less: fees waived (Note 3)		(913,023	)
Net expenses		2,903,023
Net investment income		14,985,889
*Net Realized and Unrealized Gain (Loss) from Investments, Foreign Currency* *and Forward Foreign Currency Contracts*
Net realized loss from investments		(7,075,500	)
Net realized gain from foreign currency transactions		3,286
Net realized loss from forward foreign currency contracts		(9,580	)
Net change in unrealized appreciation (depreciation) from investments		(8,992,387	)
Net change in unrealized appreciation (depreciation) from forward foreign currency contracts		20,706
Net realized and unrealized loss from investments, foreign currency and forward foreign currency contracts		(16,053,475	)
Net decrease in net assets resulting from operations	$	(1,067,586	)

See Accompanying Notes to Financial Statements.
32

Credit Suisse Strategic Income Fund
Statements of Changes in Net Assets

	For the Year Ended October 31, 2020			For the Year Ended October 31, 2019
*From Operations*
Net investment income	$	14,985,889		$	15,518,052
Net realized loss from investments, foreign currency transactions and forward foreign currency contracts		(7,081,794	)		(367,670	)
Net change in unrealized appreciation (depreciation) from investments, foreign currency translations and forward foreign currency contracts		(8,971,681	)		(2,689,908	)
Net increase (decrease) in net assets resulting from operations		(1,067,586	)		12,460,474
*From Distributions*
From distributable earnings
Class I		(10,858,414	)		(10,684,898	)
Class A		(2,121,306	)		(2,448,231	)
Class C		(2,075,223	)		(2,143,869	)
Return of Capital
Class I		—			(163,611	)
Class A		—			(37,488	)
Class C		—			(32,828	)
Net decrease in net assets resulting from dividends		(15,054,943	)		(15,510,925	)
*From Capital Share Transactions (Note 6)*
Proceeds from sale of shares		124,396,241			192,306,895
Reinvestment of dividends		14,181,493			14,727,482
Net asset value of shares redeemed		(189,181,077	)		(136,604,533	)
Net increase (decrease) in net assets from capital share transactions		(50,603,343	)		70,429,844
Net increase (decrease) in net assets		(66,725,872	)		67,379,393
*Net Assets*
Beginning of year		334,083,259			266,703,866
End of year	$	267,357,387		$	334,083,259

See Accompanying Notes to Financial Statements.
33

Credit Suisse Strategic Income Fund
Financial Highlights
(For a Class I Share of the Fund Outstanding Throughout Each Year)

	For the Year Ended October 31,
	2020			2019			2018			2017			2016
Per share data
Net asset value, beginning of year	$	9.88		$	9.96		$	10.24		$	9.73		$	9.78
*INVESTMENT OPERATIONS*
Net investment income¹		0.51			0.53			0.51			0.54			0.71
Net gain (loss) from investments and foreign currency related items (both realized and unrealized)		(0.31	)		(0.08	)		(0.27	)		0.52			(0.04	)
Total from investment operations		0.20			0.45			0.24			1.06			0.67
*LESS DIVIDENDS AND DISTRIBUTIONS*
Dividends from net investment income		(0.51	)		(0.52	)		(0.52	)		(0.53	)		(0.72	)
Return of capital		—			(0.01	)		(0.00	)²		(0.02	)		—
Total dividends and distributions		(0.51	)		(0.53	)		(0.52	)		(0.55	)		(0.72	)
*Net asset value, end of year*	$	9.57		$	9.88		$	9.96		$	10.24		$	9.73
Total return³		2.21	%		4.68	%		2.34	%		11.11	%		7.40	%
*RATIOS AND SUPPLEMENTAL DATA*
Net assets, end of year (000s omitted)	$	190,537		$	230,330		$	175,189		$	114,605		$	60,899
Ratio of net expenses to average net assets		0.80	%		0.99	%		0.99	%		0.99	%		1.00	%
Ratio of expenses to average net assets excluding interest expense		0.80	%		0.99	%		0.99	%		0.99	%		0.99	%
Ratio of net investment income to average net assets		5.33	%		5.36	%		5.08	%		5.34	%		7.64	%
Decrease reflected in above operating expense ratios due to waivers/reimbursements		0.31	%		0.10	%		0.17	%		0.26	%		0.29	%
Portfolio turnover rate⁴		34	%		37	%		45	%		79	%		73	%

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

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

³Total returns are historical and include change 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.

⁴Portfolio turnover is calculated by dividing the lesser of total purchases or sales of portfolio securities for the reporting period by the monthly average of portfolio securities owned during the reporting period. Excluded from both the numerator and denominator are amounts relating to derivatives and securities whose maturities or expiration dates at the time of acquisition were one year or less.

See Accompanying Notes to Financial Statements.
34

Credit Suisse Strategic Income Fund
Financial Highlights
(For a Class A Share of the Fund Outstanding Throughout Each Year)

	For the Year Ended October 31,
	2020			2019			2018			2017			2016
Per share data
Net asset value, beginning of year	$	9.88		$	9.96		$	10.24		$	9.74		$	9.79
*INVESTMENT OPERATIONS*
Net investment income¹		0.49			0.51			0.49			0.51			0.64
Net gain (loss) from investments and foreign currency related items (both realized and unrealized)		(0.31	)		(0.08	)		(0.28	)		0.51			0.00²
Total from investment operations		0.18			0.43			0.21			1.02			0.64
*LESS DIVIDENDS AND DISTRIBUTIONS*
Dividends from net investment income		(0.49	)		(0.50	)		(0.49	)		(0.50	)		(0.69	)
Return of capital		—			(0.01	)		(0.00	)²		(0.02	)		—
Total dividends and distributions		(0.49	)		(0.51	)		(0.49	)		(0.52	)		(0.69	)
*Net asset value, end of year*	$	9.57		$	9.88		$	9.96		$	10.24		$	9.74
Total return³		1.96	%		4.42	%		2.09	%		10.71	%		7.12	%
*RATIOS AND SUPPLEMENTAL DATA*
Net assets, end of year (000s omitted)	$	34,254		$	50,343		$	44,930		$	36,961		$	8,447
Ratio of net expenses to average net assets		1.05	%		1.24	%		1.24	%		1.24	%		1.25	%
Ratio of expenses to average net assets excluding interest expense		1.05	%		1.24	%		1.24	%		1.24	%		1.24	%
Ratio of net investment income to average net assets		5.10	%		5.13	%		4.84	%		4.99	%		6.73	%
Decrease reflected in above operating expense ratios due to waivers/reimbursements		0.31	%		0.10	%		0.17	%		0.26	%		0.29	%
Portfolio turnover rate⁴		34	%		37	%		45	%		79	%		73	%

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

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

³Total returns are historical and include change in share price, reinvestment of all dividends and distributions and no sales charge. Had certain expenses not been reduced during the years shown, total returns would have been lower.

See Accompanying Notes to Financial Statements.
35

Credit Suisse Strategic Income Fund
Financial Highlights
(For a Class C Share of the Fund Outstanding Throughout Each Year)

	For the Year Ended October 31,
	2020			2019			2018			2017			2016
Per share data
Net asset value, beginning of year	$	9.88		$	9.96¹		$	10.24		$	9.74		$	9.79
*INVESTMENT OPERATIONS*
Net investment income²		0.41			0.43			0.41			0.43			0.63
Net gain (loss) from investments and foreign currency related items (both realized and unrealized)		(0.31	)		(0.08	)		(0.28	)		0.52			(0.06	)
Total from investment operations		0.10			0.35			0.13			0.95			0.57
*LESS DIVIDENDS AND DISTRIBUTIONS*
Dividends from net investment income		(0.41	)		(0.42	)		(0.41	)		(0.43	)		(0.62	)
Return of capital		—			(0.01	)		(0.00	)³		(0.02	)		—
Total dividends and distributions		(0.41	)		(0.43	)		(0.41	)		(0.45	)		(0.62	)
*Net asset value, end of year*	$	9.57		$	9.88		$	9.96¹		$	10.24		$	9.74
Total return⁴		1.19	%		3.64	%		1.33	%		9.88	%		6.33	%
*RATIOS AND SUPPLEMENTAL DATA*
Net assets, end of year (000s omitted)	$	42,566		$	53,410		$	46,586		$	31,411		$	6,673
Ratio of net expenses to average net assets		1.80	%		1.99	%		1.99	%		1.99	%		2.00	%
Ratio of expenses to average net assets excluding interest expense		1.80	%		1.99	%		1.99	%		1.99	%		1.99	%
Ratio of net investment income to average net assets		4.35	%		4.38	%		4.09	%		4.25	%		6.70	%
Decrease reflected in above operating expense ratios due to waivers/reimbursements		0.31	%		0.10	%		0.17	%		0.26	%		0.29	%
Portfolio turnover rate⁵		34	%		37	%		45	%		79	%		73	%

¹Includes adjustments in accordance with accounting principles generally accepted in the United States of America and as such, the net asset values for financial reporting purposes and the returns based upon net asset values may differ from the net asset values and returns for shareholder transactions.

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

³This amount represents less than $0.01 or $(0.01) per share.

⁴Total returns are historical and include change in share price, reinvestment of all dividends and distributions and no sales charge. Had certain expenses not been reduced during the years shown, total returns would have been lower.

⁵Portfolio turnover is calculated by dividing the lesser of total purchases or sales of portfolio securities for the reporting period by the monthly average of portfolio securities owned during the reporting period. Excluded from both the numerator and denominator are amounts relating to derivatives and securities whose maturities or expiration dates at the time of acquisition were one year or less.

See Accompanying Notes to Financial Statements.
36

Credit Suisse Strategic Income Fund
Notes to Financial Statements
October 31, 2020

Note 1. Organization

Credit Suisse Strategic Income Fund (the "Fund"), a series of Credit Suisse Opportunity Funds (the "Trust"), a Delaware statutory trust, is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as a non-diversified open-end management investment company that seeks total return. The Trust was organized under the laws of the State of Delaware as a business trust on May 31, 1995.

The Fund offers three classes of shares: Class I shares, Class A shares and Class C shares. Each class of shares represents an equal pro rata interest in the Fund, except the share classes bear different expenses. Class A shares are sold subject to a front-end sales charge of up to 4.75%. Class C shares are sold subject to a contingent deferred sales charge ("CDSC") of 1.00% if the shares are redeemed within the first year of purchase. Class I shares are sold without a sales charge. Effective February 20, 2020, Class C shares, upon the ten year anniversary of purchase, will convert to Class A shares.

Note 2. Significant Accounting Policies

The following is a summary of significant accounting policies followed by the Fund in the preparation of its financial statements. The policies are in accordance with generally accepted accounting principles in the United States of America ("GAAP"). The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts and disclosures in the financial statements. Actual results could differ from those estimates. The Fund is considered an investment company for financial reporting purposes under GAAP and follows the accounting and reporting guidance in Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Topic 946 — Financial Services — Investment Companies.

Credit Suisse Strategic Income Fund
Notes to Financial Statements (continued)
October 31, 2020

Note 2. Significant Accounting Policies (continued)

mortgage obligations and asset-backed securities) and certain derivative instruments are typically the prices supplied by independent third party pricing services, which may use market prices or broker/dealer quotations or a variety of valuation techniques and methodologies. The independent third party pricing services use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar securities. These pricing services generally price fixed income securities assuming orderly transactions of an institutional "round lot" size, but some trades occur in smaller "odd lot" sizes which may be effected at lower prices than institutional round lot trades. Structured note agreements are valued in accordance with a dealer-supplied valuation based on changes in the value of the underlying index. Futures contracts are valued daily at the settlement price established by the board of trade or exchange on which they are traded. Forward contracts are valued at the London closing spot rates and the London closing forward point rates on a daily basis. The currency forward contract pricing model derives the differential in point rates to the expiration date of the forward and calculates its present value. Equity securities for which market quotations are available are valued at the last reported sales price or official closing price on the primary market or exchange on which they trade. The Fund may utilize a service provided by an independent third party which has been approved by the Board to fair value certain securities. When fair value pricing is employed, the prices of securities used by the Fund to calculate its net asset value may differ from quoted or published prices for the same securities. If independent third party pricing services are unable to supply prices for a portfolio investment, or if the prices supplied are deemed by the investment adviser to be unreliable, the market price may be determined by the investment adviser using quotations from one or more brokers/dealers or at the transaction price if the security has recently been purchased and no value has yet been obtained from a pricing service or pricing broker. When reliable prices are not readily available, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the Fund calculates its net asset value, these securities will be fair valued in good faith by the Pricing Committee, in accordance with procedures adopted by the Board.

Credit Suisse Strategic Income Fund
Notes to Financial Statements (continued)
October 31, 2020

Note 2. Significant Accounting Policies (continued)

identical or comparable securities. The income approach uses valuation techniques to discount estimated future cash flows to present value.

GAAP established a disclosure hierarchy that categorizes the inputs to valuation techniques used to value assets and liabilities at each measurement date. These inputs are summarized in the three broad levels listed below:

• Level 1 – quoted prices in active markets for identical investments

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

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

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

The following is a summary of the inputs used as of October 31, 2020 in valuing the Fund's assets and liabilities carried at fair value:

Assets	Level 1		Level 2		Level 3			Total
Investments in Securities
Corporate Bonds	$	—	$	110,122,439	$	146,871		$	110,269,310
Bank Loans		—		115,680,396		12,986,029			128,666,425
Asset Backed Securities		—		14,111,725		—			14,111,725
Common Stocks		2,393,985		372		313,201			2,707,558
Warrants		—		—		0	⁽¹⁾		0	⁽¹⁾
Short-term Investment		—		4,585,945		—			4,585,945
	$	2,393,985	$	244,500,877	$	13,446,101		$	260,340,963
Other Financial Instruments*
Forward Foreign Currency Contracts	$	—	$	15,233	$	—		$	15,233

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

⁽¹⁾Includes zero valued securities.

The following is a reconciliation of investments as of October 31, 2020 for which significant unobservable inputs were used in determining fair value. All transfers, if any, are assumed to occur at the end of the reporting period.

Credit Suisse Strategic Income Fund
Notes to Financial Statements (continued)
October 31, 2020

Note 2. Significant Accounting Policies (continued)

	Corporate Bonds			Bank Loans			Common Stocks			Warrants			Total
Balance as of October 31, 2019	$	706		$	19,515,637		$	833,990		$	0	⁽¹⁾	$	20,350,333
Accrued discounts (premiums)		1,200			50,335			—			—			51,535
Purchases		1,128,889			4,736,323			2,047,314			—			7,912,526
Sales		(501,836	)		(4,841,252	)		(1,135,990	)		—			(6,479,078	)
Realized gain (loss)		(352,467	)		(464,259	)		(1,102,718	)		—			(1,919,444	)
Change in unrealized appreciation (depreciation)		(129,621	)		(625,529	)		(329,395	)		—			(1,084,545	)
Transfers into Level 3		—			4,627,151			—			—			4,627,151
Transfers out of Level 3		—			(10,012,377	)		—			—			(10,012,377	)
Balance as of October 31, 2020	$	146,871		$	12,986,029		$	313,201		$	0	⁽¹⁾	$	13,446,101
Net change in unrealized appreciation (depreciation) from investments still held as of October 31, 2020	$	(129,621	)	$	(440,073	)	$	(778,607	)	$	—		$	(1,348,301	)

⁽¹⁾ Includes zero valued securities.

	Quantitative Disclosure About Significant Unobservable Inputs
Asset Class	Fair Value At 10/31/2020		Valuation Technique	Unobservable Input	Range (Weighted Average)*
Corporate Bonds	$	46,160	Income Approach	Expected Remaining Distribution	$	0.01 – $0.91	($0.90)
	$	100,711	Market Approach	EBITDA Multiples		5.7 (N/A)
Bank Loans	$	12,986,029	Vendor Pricing	Single Broker Quote	$	0.09 – $1.01	($0.95)
Common Stocks	$	225,998	Income Approach	Expected Remaining Distribution	$	0.01 – $9.82	($9.82)
	$	30,132	Market Approach	EBITDA Multiples		3.1 – 6.2	(6.2)
	$	57,071	Vendor Pricing	Single Broker Quote		$5.00 (N/A)
Warrants	$	0	Market Approach	EBITDA Multiples		6.2 (N/A)

* Weighted by relative fair value

Each fair value determination is based on a consideration of relevant factors, including both observable and unobservable inputs. Observable and unobservable inputs that Credit Suisse considers may include (i) the existence of any contractual restrictions on the disposition of securities; (ii) information obtained from the company, which may include an analysis of the company's financial statements, the company's products or intended markets or the company's technologies; (iii) the price of the same or similar security negotiated at arm's length in an issuer's completed subsequent round of financing; (iv) the price and extent of public trading in similar securities of the issuer or of comparable companies; or (v) a probability and time value adjusted analysis of contractual term. Where available and appropriate, multiple valuation methodologies are applied to confirm fair value. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, determining fair value requires more judgment. Because of the inherent uncertainty of valuation, those estimated values may be materially higher or

Credit Suisse Strategic Income Fund
Notes to Financial Statements (continued)
October 31, 2020

Note 2. Significant Accounting Policies (continued)

lower than the values that would have been used had a ready market for the investments existed. Accordingly, the degree of judgment exercised by the Fund in determining fair value is greatest for investments categorized in Level 3. In some circumstances, the inputs used to measure fair value might be categorized within different levels of the fair value hierarchy. In those instances, the fair value measurement is categorized in its entirety in the fair value hierarchy based on the least observable input that is significant to the fair value measurement. Additionally, changes in the market environment and other events that may occur over the life of the investments may cause the gains or losses ultimately realized on these investments to be different from the valuations used at the date of these financial statements.

For the year ended October 31, 2020, $4,627,151 was transferred from Level 2 to Level 3 due to a lack of a pricing source supported by observable inputs and $10,012,377 was transferred from Level 3 to Level 2 as a result of the availability of a pricing source supported by observable inputs. All transfers, if any, are assumed to occur at the end of the reporting period.

B) DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES — The Fund adopted amendments to authoritative guidance on disclosures about derivative instruments and hedging activities which require that a 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. For the year ended October 31, 2020, the Fund's derivatives did not qualify for hedge accounting as they are held at fair value.

The following table presents the fair value and the location of derivatives within the Statement of Assets and Liabilities at October 31, 2020 and the effect of these derivatives on the Statement of Operations for the year ended October 31, 2020.

Primary Underlying Risk				Derivative Assets				Derivative Liabilities				Realized Gain (Loss)				Change in Unrealized Appreciation (Depreciation)
Foreign currency exchange rate Forward contracts				$	15,233			$	—			$	(9,580	)		$	20,706

For the year ended October 31, 2020, the Fund held an average monthly value on a net basis of $2,019,933 in forward foreign currency contracts.

The Fund is a party to International Swap and Derivatives Association, Inc. ("ISDA") Master Agreements ("Master Agreements") with certain

Credit Suisse Strategic Income Fund
Notes to Financial Statements (continued)
October 31, 2020

Note 2. Significant Accounting Policies (continued)

counterparties that govern over-the-counter derivative (including Total Return, Credit Default and Interest Rate Swaps) and foreign exchange contracts entered into by the Fund. The Master Agreements may contain provisions regarding, among other things, the parties' general obligations, representations, agreements, collateral requirements, events of default and early termination. Termination events applicable to the Fund may occur upon a decline in the Fund's net assets below a specified threshold over a certain period of time.

The following table presents by counterparty the Fund's derivative assets, net of related collateral held by the Fund, at October 31, 2020:

Counterparty				Gross Amount of Derivative Assets Presented in the Statement of Assets and Liabilities^(a)				Financial Instruments and Derivatives Available for Offset				Non-Cash Collateral Received				Cash Collateral Received				Net Amount of Derivative Assets
Deutsche Bank AG				$	15,233			$	—			$	—			$	—			$	15,233

^(a)Forward foreign currency contracts are included.

C) FOREIGN CURRENCY TRANSACTIONS — The books and records of the Fund 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, including purchases and sales of investments, and income and expenses, are translated into US dollar amounts on the date of those transactions.

Reported net realized gain (loss) from foreign currency transactions arises from sales of foreign currencies; currency gains or losses realized between the trade and settlement dates on securities transactions; and the difference between the amounts of dividends, interest, and foreign withholding taxes recorded on the Fund's books and the U.S. dollar equivalent of the amounts actually received or paid. Net change in unrealized gains and losses on translation of assets and liabilities denominated in foreign currencies arises from changes in the fair values of assets and liabilities, other than investments, at the end of the period, resulting from changes in exchange rates.

The Fund does not isolate that portion of the results of operations resulting from fluctuations in foreign exchange rates on investments from the fluctuations arising from changes in market prices of investments held. Such fluctuations are included with net realized and unrealized gain or loss from investments in the Statement of Operations.

Credit Suisse Strategic Income Fund
Notes to Financial Statements (continued)
October 31, 2020

Note 2. Significant Accounting Policies (continued)

D) SECURITY TRANSACTIONS AND INVESTMENT INCOME/EXPENSE — Security transactions are accounted for on a trade date basis. Interest income/expense is recorded on the accrual basis. The Fund amortizes premiums and accretes discounts using the effective interest method. Dividend income/expense is recorded on the ex-dividend date. Certain expenses are class-specific expenses, vary by class and are charged only to that 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. To the extent any issuer defaults or a credit event occurs that impacts the issuer, the Fund may halt any additional interest income accruals and consider the realizability of interest accrued up to the date of default or credit event.

E) DIVIDENDS AND DISTRIBUTIONS TO SHAREHOLDERS — Dividends from net investment income, if any, are declared daily and paid monthly. 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. Dividends and distributions to shareholders of the Fund are recorded on the ex-dividend date and are determined in accordance with federal income tax regulations, which may differ from GAAP.

F) FEDERAL AND OTHER TAXES — No provision is made for federal taxes as it is the Fund's intention to continue to qualify as a regulated investment company ("RIC") under the Internal Revenue Code of 1986, as amended (the "Code"), and to make the requisite distributions to its shareholders, which will be sufficient to relieve it from federal income and excise taxes.

In order to qualify as a RIC under the Code, the Fund must meet certain requirements regarding the source of its income, the diversification of its assets and the distribution of its income. One of these requirements is that the Fund derive at least 90% of its gross income for each taxable year from dividends, interest, payments with respect to certain securities loans, gains from the sale or other disposition of stock, securities or foreign currencies, other income derived with respect to its business of investing in such stock, securities or currencies or net income derived from interests in certain publicly-traded partnerships ("Qualifying Income"). The 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

Credit Suisse Strategic Income Fund
Notes to Financial Statements (continued)
October 31, 2020

Note 2. Significant Accounting Policies (continued)

position is sustainable based solely on its technical merits and consideration of the relevant taxing authority's widely understood administrative practices and procedures. The Fund has reviewed its current tax positions and has determined that no provision for income tax is required in the Fund's financial statements. The Fund's federal and state income and federal excise tax returns for tax years for which the applicable statutes of limitations have not expired are subject to examination by the Internal Revenue Service and state departments of revenue.

G) CASH — The Fund's uninvested cash balance is held in an interest bearing variable rate demand deposit account at State Street Bank and Trust Company ("SSB"), the Fund's custodian.

H) FUTURES — The Fund may enter into futures contracts to the extent permitted by its investment policies and objectives. The Fund may use futures contracts to gain exposure to or hedge against changes in interest rates, equity and market price movements and/or currency risks. Upon entering into a futures contract, the Fund is required to deposit cash and/or pledge U.S. Government securities as initial margin with a Futures Commission Merchant ("FCM"). Subsequent payments, which are dependent on the daily fluctuations in the value of the underlying instrument, are made or received by the Fund each day (daily variation margin) and are recorded as unrealized gains or losses until the contracts are closed. When the contracts are closed, the Fund records a realized gain or loss equal to the difference between the proceeds from (or cost of) the closing transaction and the Fund's basis in the contract. Risks of entering into futures contracts for hedging purposes include the possibility that a change in the value of the contract may not correlate with the changes in the value of the underlying instruments. Futures have minimal counterparty credit risk because futures are exchange traded and the exchange's clearinghouse, as counterparty to all exchange-traded futures, guarantees the futures against default. In addition, the purchase of a futures contract involves the risk that the Fund could lose more than the original margin deposit and subsequent payments may be required for a futures transaction. The Fund's open futures contracts are disclosed in the Schedule of Investments. At October 31, 2020, the Fund had no open futures contracts.

The Commodity Exchange Act requires an FCM to segregate all customer transactions and assets from the FCM's proprietary activities. A customer's cash and other equity deposited with an FCM are considered commingled with all other customer funds subject to the FCM's segregation requirements. In the event of an FCM's insolvency, recovery may be limited to the Fund's pro-rata

Credit Suisse Strategic Income Fund
Notes to Financial Statements (continued)
October 31, 2020

Note 2. Significant Accounting Policies (continued)

share of segregated customer funds available. It is possible that the recovery amount could be less than the total of cash and other equity deposited.

I) FORWARD FOREIGN CURRENCY CONTRACTS — A forward foreign currency exchange contract ("forward currency contract") is a commitment to purchase or sell a foreign currency at the settlement date at a negotiated rate. The Fund will enter into forward currency contracts primarily for hedging foreign currency risk. Forward currency contracts are valued at the prevailing forward exchange rate of the underlying currencies and unrealized gain/loss is recorded daily. On the settlement date of the forward currency contract, the Fund records a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value of the contract at the time it was closed. Certain risks may arise upon entering into forward currency contracts from the potential inability of counterparties to meet the terms of their contracts. The maximum counterparty credit risk to the Fund is measured by the unrealized gain on appreciated contracts. Additionally, when utilizing forward currency contracts to hedge, the Fund forgoes the opportunity to profit from favorable exchange rate movements during the term of the contract. The Fund's open forward currency contracts at October 31, 2020 are disclosed in the Schedule of Investments.

J) UNFUNDED LOAN COMMITMENTS — The Fund enters into certain agreements, all or a portion of which may be unfunded. The Fund is obligated to fund these loan commitments at the borrowers' discretion. Funded and unfunded portions of credit agreements are presented on the Schedule of Investments. As of October 31, 2020, the fund has no unfunded loan commitments.

Unfunded loan commitments and funded portions of credit agreements are marked to market daily and any unrealized appreciation or depreciation is included in the Statement of Assets and Liabilities and the Statement of Operations.

K) SECURITIES LENDING — The initial collateral received by the Fund is required to have a value of at least 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). The collateral is maintained thereafter at a value equal to at least 102% of the current market value of the securities on loan. The market value of loaned securities is determined at the close of each business day of the Fund and any additional required collateral is delivered to the Fund, or excess

Credit Suisse Strategic Income Fund
Notes to Financial Statements (continued)
October 31, 2020

Note 2. Significant Accounting Policies (continued)

collateral returned by the Fund, on the next business day. Cash collateral received by the Fund 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 Fund's 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. The remaining maturities of the securities lending transactions are considered overnight and continuous. Loans are subject to termination by the Fund or the borrower at any time.

SSB has been engaged by the Fund to act as the Fund's securities lending agent. As of October 31, 2020, the Fund had outstanding loans of securities to certain approved brokers for which the Fund received collateral:

Market Value of Loaned Securities				Market Value of Cash Collateral				Total Collateral
$	4,510,267			$	4,585,945			$	4,585,945

The following table presents financial instruments that are subject to enforceable netting arrangements as of October 31, 2020.

Gross Amounts Not Offset in the Statement of Assets and Liabilities
Gross Asset Amounts Presented in Statement of Assets and Liabilities^(a)		Collateral Received^(b)			Net Amount (not less than $0)
$	4,510,267	$	(4,510,267	)	$	—

^(a)Represents market value of loaned securities at year end.

^(b) The actual collateral received is greater than the amount shown here due to collateral requirements of the security lending agreement.

The Fund's securities lending arrangement provides that the Fund and SSB will share the net income earned from securities lending activities. Securities lending income is accrued as earned. During the year ended October 31, 2020, total earnings from the Fund's investment in cash collateral received in connection with securities lending arrangements was $25,315, of which $82 was rebated to borrowers (brokers). The Fund retained $18,929 in income from the cash collateral investment, and SSB, as lending agent, was paid $6,304.

L) OTHER — The high yield, fixed income securities in which the Fund invests will primarily consist of senior secured floating rate loans ("Senior Loans") issued by non-investment grade companies. Senior Loans are typically secured by specific collateral of the issuer and hold the most senior position in the issuer's capital structure. The interest rate on Senior Loans is periodically adjusted to a recognized base rate, typically the London Interbank Offered

Credit Suisse Strategic Income Fund
Notes to Financial Statements (continued)
October 31, 2020

Note 2. Significant Accounting Policies (continued)

Rate ("LIBOR"). While these characteristics may reduce interest rate risk and mitigate losses in the event of borrower default, the Senior Loans in which the Fund invests have below investment grade credit ratings and thereby are considered speculative because of the significant credit risk of their issuers.

In July 2017, the Financial Conduct Authority, the United Kingdom's financial regulatory body, announced a desire to phase out the use of LIBOR by the end of 2021.

Although financial regulators and industry working groups have suggested alternative reference rates, such as European Interbank Offer Rate ("EURIBOR"), Sterling Overnight Interbank Average Rate ("SONIA") and Secured Overnight Financing Rate ("SOFR"), global consensus on alternative rates is lacking and the process for amending existing contracts or instruments to transition away from LIBOR remains uncertain. There also remains uncertainty and risk regarding the willingness and ability of issuers to include fallback provisions and/or other measures that contemplate the discontinuation of LIBOR in new and existing contracts or instruments. In addition, there are obstacles to converting certain longer-term securities and transactions to a new reference rate or rates and the effectiveness of one alternative reference rate versus multiple alternative reference rates in new or existing financial instruments and products has not been determined.

The transition away from LIBOR might lead to increased volatility and illiquidity in markets for instruments whose terms currently reference LIBOR, reduced values of LIBOR-related investments, reduced effectiveness of hedging strategies, increased costs for certain LIBOR-related instruments, increased difficulty in borrowing or refinancing, and prolonged adverse market conditions for the Fund. Furthermore, the risks associated with the expected discontinuation of LIBOR and related transition may be exacerbated if the work necessary to effect an orderly transition to an alternative reference rate is not completed in a timely manner. Because the usefulness of LIBOR as a benchmark could deteriorate during the transition period, these effects could occur prior to the end of 2021.

Credit Suisse Strategic Income Fund
Notes to Financial Statements (continued)
October 31, 2020

Note 2. Significant Accounting Policies (continued)

would adversely affect their ability to service their principal and interest payment obligations, to meet projected business goals and to obtain additional financing.

In addition, periods of economic uncertainty and changes can be expected to result in increased volatility of market prices of lower-rated debt securities and the Fund's net asset value.

M) RECENT ACCOUNTING PRONOUNCEMENTS — In August 2018, the FASB issued Accounting Standards Update 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework — Changes to the Disclosure Requirements for Fair Value Measurement ("ASU 2018-13"). The update provides guidance that eliminates, adds and modifies certain disclosure requirements for fair value measurements. ASU 2018-13 will be effective for annual periods beginning after December 15, 2019. Management is currently assessing the potential impact of these changes to future financial statements.

The Fund is subject to Accounting Standards Update (ASU) 2017-08, Premium Amortization on Purchased Callable Debt Securities, which shortens the premium amortization period for purchased callable debt securities with noncontingent call features to the earliest call date. The Fund applied the standard on a retrospective basis, as allowed under the standard, beginning with the fiscal year ended October 31, 2019. The identified cost basis of the applicable securities at October 31, 2019 has been adjusted from $328,359,962 to $328,205,671. This change had no impact on total distributable earnings (loss) or the net asset value of the Fund.

In October 2020, FASB issued Accounting Standards Update No. 2020-08 ("ASU 2020-08"), "Receivables — Nonrefundable Fees and Other Costs (Codification Improvements Subtopic 310-20), Premium Amortization on Purchased Callable Debt Securities". ASU 2020-08 is an update of ASU No. 2017-08, which amends the amortization period of certain purchased callable debt securities held at a premium. ASU 2020-08 updates the amortization period for callable debt securities to be amortized to the next call date. For purposes of this update, the next call date is the first date when a call option at a specified price becomes exercisable. Once that date has passed, the next call date is when the next call option at a specified price becomes exercisable, if applicable. The amendments are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. Management has evaluated the implication, if any, of the additional disclosure requirement and the impact is reflected on the Fund's financial statements.

Credit Suisse Strategic Income Fund
Notes to Financial Statements (continued)
October 31, 2020

Note 3. Transactions with Affiliates and Related Parties

Credit Suisse serves as investment adviser and co-administrator for the Fund. For its investment advisory and administration services, Credit Suisse is entitled to receive a fee from the Fund at an annualized rate of 0.84% of the Fund's average daily net assets. For the year ended October 31, 2020, investment advisory and administration fees earned and fees waived/expenses reimbursed by Credit Suisse were $2,451,224 and $913,023, respectively. Effective November 12, 2019, Credit Suisse has contractually agreed to limit expenses so that the Fund's annual operating expenses do not exceed 0.79% of the Fund's average daily net assets for Class I shares, 1.04% of the Fund's average daily net assets for Class A shares, and 1.79% of the Fund's average daily net assets for Class C shares. Prior to November 12, 2019, Credit Suisse had contractually agreed to limit expenses so that the Fund's annual operating expenses did not exceed 0.99% of the Fund's average daily net assets for Class I shares, 1.24% of the Fund's average daily net assets for Class A shares and 1.99% of the Fund's average daily net assets for Class C shares. The Fund is authorized to reimburse Credit Suisse for management fees previously limited and/or for expenses previously reimbursed by Credit Suisse under the contractual expense limitation arrangement, provided, however, that any reimbursements must be paid at a date not more than thirty-six months following the applicable month during which such fees were limited or expenses were reimbursed by Credit Suisse and the reimbursements do not cause the Fund to exceed the applicable expense limitation at the time the fees are recouped. This contract may not be terminated before February 28, 2022.

The amounts waived and reimbursed by Credit Suisse, which are available for potential future recoupment by Credit Suisse, and the expiration schedule at October 31, 2020 are as follows:

	Fee waivers/expense reimbursements subject to Recoupment		Expires October 31, 2021		Expires October 31, 2022		Expires October 31, 2023
Class I	$	792,372	$	57,746	$	101,003	$	633,623
Class A		171,612		18,678		23,286		129,648
Class C		191,528		17,570		24,206		149,752
Totals	$	1,155,512	$	93,994	$	148,495	$	913,023

Credit Suisse Asset Management Limited ("Credit Suisse U.K."), an affiliate of Credit Suisse, serves as sub-investment advisor to the Fund directly. Credit Suisse U.K.'s sub-investment advisor fees are paid by Credit Suisse.

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

Credit Suisse Strategic Income Fund
Notes to Financial Statements (continued)
October 31, 2020

Note 3. Transactions with Affiliates and Related Parties (continued)

co-administered by SSB and allocated based upon the relative average net assets of each fund/portfolio, subject to an annual minimum fee. For the year ended October 31, 2020, co-administrative services fees earned by SSB (including out-of-pocket expenses) with respect to the Fund were $93,748.

Credit Suisse Securities (USA) LLC ("CSSU"), an affiliate of Credit Suisse, serves as the distributor of the Fund's shares. Pursuant to a distribution plan adopted by the Fund pursuant to Rule 12b-1 under the 1940 Act, CSSU receives fees for its distribution services. These fees are calculated at an annual rate of 0.25% of the average daily net assets of the Class A shares. For the Class C shares, the fee is calculated at an annual rate of 1.00% of the average daily net assets. For the year ended October 31, 2020, the Fund paid Rule 12b-1 distribution fees of $103,587 for Class A shares and $474,858 for Class C shares. Class I shares are not subject to Rule 12b-1 distribution fees.

Certain brokers, dealers and financial representatives provide transfer agent-related services to the Fund and receive compensation from the Fund. For the year ended October 31, 2020, the Fund paid $144,365, which is included within transfer agent fees.

For the year ended October 31, 2020, CSSU and its affiliates advised the Fund that they retained $15,283 from commissions earned on the sale of the Fund's Class A shares. There were no commissions earned on the sale of Class C shares.

The Fund from time to time purchases or sells loan investments in the secondary market through Credit Suisse or its affiliates acting in the capacity as broker-dealer. Credit Suisse or its affiliates may have acted in some type of agent capacity to the initial loan offering prior to such loan trading in the secondary market.

Note 4. Line of Credit

Credit Suisse Strategic Income Fund
Notes to Financial Statements (continued)
October 31, 2020

Note 4. Line of Credit (continued)

the Participating Funds pay interest on borrowings at either the Overnight Federal Funds rate or the Overnight LIBOR rate plus a spread. At October 31, 2020 and during the year ended October 31, 2020, the Fund had no borrowings outstanding under the Credit Facility. Additionally, the Fund is party to a joint uncommitted line of credit facility with SSB. For the year ended October 31, 2020, the line was not drawn upon and no fees were incurred.

Note 5. Purchases and Sales of Securities

For the year ended October 31, 2020, purchases and sales of investment securities (excluding short-term investments) and U.S. Government and Agency Obligations were as follows:

Investment Securities				U.S. Government/ Agency Obligations
Purchases		Sales		Purchases		Sales
$	94,962,209	$	144,898,289	$	0	$	0

Note 6. Capital Share Transactions

The Fund is authorized to issue an unlimited number of full and fractional shares of beneficial interest, $.001 par value per share. The Fund offers Class I, Class A and Class C shares. Transactions in capital shares for each class of the Fund were as follows:

	Class I
	For the Year Ended October 31, 2020						For the Year Ended October 31, 2019
	Shares			Value			Shares			Value
Shares sold		11,123,159		$	105,707,914			16,020,683		$	158,880,864
Shares issued in reinvestment of dividends		1,079,949			10,216,382			1,040,714			10,308,101
Shares redeemed		(15,611,202	)		(143,404,187	)		(11,330,312	)		(111,828,758	)
Net increase (decrease)		(3,408,094	)	$	(27,479,891	)		5,731,085		$	57,360,207
	Class A
	For the Year Ended October 31, 2020						For the Year Ended October 31, 2019
	Shares			Value			Shares			Value
Shares sold		1,408,775		$	13,744,180			1,841,627		$	18,205,631
Shares issued in reinvestment of dividends		207,019			1,959,547			232,793			2,305,904
Shares redeemed		(3,132,169	)		(29,980,635	)		(1,488,521	)		(14,712,852	)
Net increase (decrease)		(1,516,375	)	$	(14,276,908	)		585,899		$	5,798,683

Credit Suisse Strategic Income Fund
Notes to Financial Statements (continued)
October 31, 2020

Note 6. Capital Share Transactions (continued)

	Class C
	For the Year Ended October 31, 2020						For the Year Ended October 31, 2019
	Shares			Value			Shares			Value
Shares sold		515,512		$	4,944,147			1,534,833		$	15,220,400
Shares issued in reinvestment of dividends		212,292			2,005,564			213,349			2,113,477
Shares redeemed		(1,687,057	)		(15,796,255	)		(1,018,335	)		(10,062,923	)
Net increase (decrease)		(959,253	)	$	(8,846,544	)		729,847		$	7,270,954

On October 31, 2020, the number of shareholders that held 5% or more of the outstanding shares of each class of the Fund was as follows:

	Number of Shareholders		Approximate Percentage of Outstanding Shares
Class I		3		66	%
Class A		5		68	%
Class C		3		86	%

The Fund's performance may be negatively impacted in the event one or more of the Fund's greater than 5% shareholders were to redeem at a given time. Some of the shareholders may be omnibus accounts, which hold shares on behalf of individual shareholders.

Note 7. Income Tax Information and Distributions to Shareholders

Income and capital gain distributions are determined in accordance with federal income tax regulations, which may differ from GAAP.

The tax character of dividends paid by the Fund during the fiscal years ended October 31, 2020 and 2019, respectively, was as follows:

Ordinary Income				Return of Capital
2020		2019		2020		2019
$	15,054,943	$	15,276,998	$	—	$	233,927

The tax basis components of distributable earnings differ from the amounts reflected in the Statement of Assets and Liabilities by temporary book/tax differences. These differences are primarily due to differing treatments of dividends payable, wash sales, forwards, deferred organizational expenses, defaulted bonds and premium amortization accruals.

Credit Suisse Strategic Income Fund
Notes to Financial Statements (continued)
October 31, 2020

Note 7. Income Tax Information and Distributions to Shareholders (continued)

At October 31, 2020, the components of distributable earnings on a tax basis were as follows:

Accumulated net realized loss	$	(14,435,364	)
Undistributed ordinary income		15,805
Unrealized depreciation		(17,708,613	)
	$	(32,128,172	)

At October 31, 2020, the Fund had $2,410,981 of unlimited short-term capital loss carryforwards and $12,024,383 of unlimited long term capital loss carryforwards available to offset possible future capital gains.

At October 31, 2020, the cost and net unrealized appreciation (depreciation) of investments and derivatives for income tax purposes were as follows:

Cost of Investments	$	278,064,809
Unrealized appreciation	$	4,354,593
Unrealized depreciation		(22,063,206	)
Net unrealized appreciation (depreciation)	$	(17,708,613	)

To adjust for current period permanent book/tax differences which arose principally from differing book/tax treatment of foreign currency gain (loss), defaulted bonds and premium amortization adjustments, paid-in capital was credited $47,866 and distributable earnings/loss was charged $47,866. Net assets were not affected by this reclassifications.

Note 8. Contingencies

In the normal course of business, the Fund may provide general indemnifications pursuant to certain contracts and organizational documents. The Fund's maximum exposure under these arrangements is dependent on future claims that may be made against the Fund and, therefore, cannot be estimated; however, based on experience, the risk of loss from such claims is considered remote.

Note 9. Subsequent Events

In preparing the financial statements as of October 31, 2020, management considered the impact of subsequent events for potential recognition or disclosure in these financial statements through the date of release of this report. No such events requiring recognition or disclosure were identified through the date of the release of this report.

Credit Suisse Strategic Income Fund
Report of Independent Registered Public Accounting Firm

To the Board of Trustees of Credit Suisse Opportunity Funds and Shareholders of Credit Suisse Strategic Income Fund

Opinion on the Financial Statements

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of Credit Suisse Strategic Income Fund (one of the funds constituting Credit Suisse Opportunity Funds, referred to hereafter as the "Fund") as of October 31, 2020, and the related statements of operations and changes in net assets including the related notes, and the financial highlights for the year ended October 31, 2020 (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of October 31, 2020, and the results of its operations, changes in its net assets and the financial highlights for the year ended October 31, 2020 in conformity with accounting principles generally accepted in the United States of America.

The financial statements of the Fund as of and for the year ended October 31, 2019 and the financial highlights for each of the periods ended on or prior to October 31, 2019 (not presented herein, other than the statement of changes in net assets and the financial highlights) were audited by other auditors whose report dated December 20, 2019 expressed an unqualified opinion on those financial statements and financial highlights.

Basis for Opinion

These financial statements are the responsibility of the Fund's management. Our responsibility is to express an opinion on the Fund's financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audit of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting

Credit Suisse Strategic Income Fund
Report of Independent Registered Public Accounting Firm

principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of October 31, 2020 by correspondence with the custodian, agent banks and brokers, when replies were not received from agent banks and brokers, we performed other auditing procedures. We believe that our audit provides a reasonable basis for our opinion.

PricewaterhouseCoopers LLP
New York, New York
December 23, 2020

We have served as the auditor of one or more Credit Suisse Asset Management, LLC investment companies since 2020.

Credit Suisse Strategic Income Fund
Information Concerning Trustees and Officers (unaudited)

Name, Address
(Year of Birth)

Position(s)
Held with
Fund

Term
of Office¹
and
Length
of Time
Served

Principal
Occupation(s) During
Past Five Years

Number of
Portfolios
in Fund
Complex
Overseen
by Trustee

Other
Trusteeships
Held by Trustee
During Past Five Years

Independent Trustees

Laura A. DeFelice
c/o Credit Suisse Asset
Management, LLC
Attn: General Counsel
Eleven Madison Avenue
New York, New York
10010
(1959)

Trustee, Nominating and Audit Committee member

Since 2017

Partner of Acacia Properties LLC (multi-family and commercial real estate ownership and operation) from 2008 to present; Stonegate Advisors LLC (renewable energy and energy efficiency) from 2007 to present.

None.

Jeffrey E. Garten
c/o Credit Suisse Asset Management, LLC Attn: General Counsel Eleven Madison Avenue New York, New York 10010
(1946)

Trustee, Nominating and Audit Committee member

Since Fund Inception

Dean Emeritus of Yale School of Management from July 2015 to present; The Juan Trippe Professor in the Practice of International Trade, Finance and Business, Yale School of Management, from July 2005 to July 2015; Partner and Chairman of Garten Rothkopf (consulting firm) from October 2005 to June 2017.

Director of Aetna, Inc. (insurance company) from January 1999 to 2019; Director of CarMax Group (used car dealers) from January 2002 to 2019; Director of Miller Buckfire & Co., LLC (financial restructuring) from January 2008 to 2019.

¹ Subject to the Trust's retirement policy, each Trustee may continue to serve as a Trustee until the last day of the calendar year in which the applicable Trustee attains age 75. Officers serve until his or her respective successor has been duly elected and qualified.

Credit Suisse Strategic Income Fund
Information Concerning Trustees and Officers (unaudited) (continued)

Name, Address
(Year of Birth)

Position(s)
Held with
Fund

Term
of Office¹
and
Length
of Time
Served

Principal
Occupation(s) During
Past Five Years

Number of
Portfolios
in Fund
Complex
Overseen
by Trustee

Other
Trusteeships
Held by Trustee
During Past Five Years

Independent Trustees

Mahendra R. Gupta
c/o Credit Suisse Asset
Management, LLC
Attn: General Counsel
Eleven Madison Avenue
New York, New York
10010
(1956)

Trustee, Nominating Committee member and Audit Committee Chairman

Since 2017

Professor, Washington University in St. Louis from July 1990 to present; Dean of Olin Business School at Washington University in St. Louis from July 2005 to July 2016; Partner, R.J. Mithaiwala (food manufacturing and retail, India) from March 1977 to present; Partner, F.F.B. Corporation (agriculture, India) from March 1977 to present; Partner, RPMG Research Corporation (benchmark research) from July 2001 to present.

Director of Caleres Inc. (footwear) from May 2012 to present; Director of Koch Development Corporation (real estate development) from November 2017 to present; Director of Supernova (fin-tech) from June 2014 to September 2018.

Credit Suisse Strategic Income Fund
Information Concerning Trustees and Officers (unaudited) (continued)

Name, Address
(Year of Birth)

Position(s)
Held with
Fund

Term
of Office¹
and
Length
of Time
Served

Principal
Occupation(s) During
Past Five Years

Number of
Portfolios
in Fund
Complex
Overseen
by Trustee

Other
Trusteeships
Held by Trustee
During Past Five Years

Independent Trustees

Steven N. Rappaport
c/o Credit Suisse Asset Management, LLC
Attn: General Counsel
Eleven Madison Avenue
New York, New York
10010
(1948)

Chairman of the Board, Nominating Committee Chairman and Audit Committee member

Trustee since Fund Inception and Chairman since 2005

Partner of Lehigh Court, LLC and RZ Capital (private investment firms) from July 2002 to present; Partner of Backstage Acquisition Holdings, LLC (publication job postings) from November 2013 to 2018.

Director of Aberdeen Emerging Markets Equity Income Fund, Inc., (a closed-end investment company); Director of Aberdeen Funds (20 open-end portfolios); Director of iCAD, Inc. (surgical & medical instruments & apparatus company) from 2006 to 2018.

Interested Trustee

John G. Popp²Credit Suisse Asset
Management, LLC
Eleven Madison Avenue
New York, New York
10010
(1956)

Trustee, Chief Executive Officer and President

Trustee since 2017
Chief Executive Officer and President since 2010

Managing Director of Credit Suisse; Global Head and Chief Investment Officer of the Credit Investments Group; Associated with Credit Suisse or its predecessor since 1997; Officer of other Credit Suisse Funds.

None.

² Mr. Popp is an "interested person" of the Trust, as defined in the 1940 Act, by virtue of his current position as an officer of Credit Suisse.

Credit Suisse Strategic Income Fund
Information Concerning Trustees and Officers (unaudited) (continued)

Name, Address
(Year of Birth)

Position(s)
Held with
Fund

Term of
Office¹
and
Length of
Time
Served

Principal Occupation(s) During Past Five Years

Officers*

Emidio Morizio
Credit Suisse Asset
Management, LLC
Eleven Madison Avenue
New York, New York 10010
(1966)

Chief Compliance Officer

Since Fund Inception

Managing Director and Global Head of Compliance of Credit Suisse since 2010; Associated with Credit Suisse since July 2000; Officer of other Credit Suisse Funds.

Lou Anne McInnis
Credit Suisse Asset Management, LLC
Eleven Madison Avenue
New York, New York 10010
(1959)

Chief Legal Officer

Since 2015

Director of Credit Suisse; Associated with Credit Suisse since April 2015; Counsel at DLA Piper US LLP from 2011 to April 2015; Associated with Morgan Stanley Investment Management from 1997 to 2010; Officer of other Credit Suisse Funds.

Omar Tariq
Credit Suisse Asset
Management, LLC
Eleven Madison Avenue
New York, New York 10010
(1983)

Chief Financial Officer and Treasurer

Since 2019

Director of Credit Suisse since March 2019; Senior Manager of PriceWaterhouseCoopers, LLP from September 2010 to March 2019; Officer of other Credit Suisse Funds.

Karen Regan
Credit Suisse Asset
Management, LLC
Eleven Madison Avenue
New York, New York 10010
(1963)

Vice President and Secretary

Since 2010

Vice President of Credit Suisse; Associated with Credit Suisse since December 2004; Officer of other Credit Suisse Funds.

* The officers of the Fund shown are officers that make policy decisions.

The Statement of Additional Information includes additional information about the Trustees and is available, without charge, upon request, by calling 877-870-2874.

Credit Suisse Strategic Income Fund
Proxy Voting and Portfolio Holdings Information (unaudited)

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

• By calling 1-877-870-2874

• On the Fund's website, www.credit-suisse.com/us/funds

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

The Fund files a complete schedule of its portfolio holdings for the first and third quarters of its fiscal year with the SEC as an exhibit to its reports on Form N-PORT, and for reporting periods ended prior to March 31, 2019, filed such information on Form N-Q. The Fund's Forms N-PORT and N-Q are available on the SEC's website at www.sec.gov.

P.O. BOX 219916, KANSAS CITY, MO 64121-9916

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

CREDIT SUISSE SECURITIES (USA) LLC, DISTRIBUTOR. SIF-AR-1020

CREDIT SUISSE FUNDS

Annual Report

October 31, 2020

n CREDIT SUISSE
FLOATING RATE HIGH INCOME FUND

The Fund's investment objectives, risks, charges and expenses (which should be considered carefully before investing), and more complete information about the Fund, are provided in the Prospectus, which should be read carefully before investing. You may obtain additional copies by calling 877-870-2874 or by visiting our website at www.credit-suisse.com/us/funds.

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

Credit Suisse Floating Rate High Income Fund
Annual Investment Adviser's Report
October 31, 2020 (unaudited)

November 30, 2020

Dear Shareholder:

We are pleased to present this Annual Report covering the activities of the Credit Suisse Floating Rate High Income Fund (the "Fund") for the 12-month period ended October 31, 2020.

Performance Summary
11/01/19 – 10/31/20

Fund & Benchmark	Performance
Class I¹		0.92	%
Class A^1,2		0.70	%
Class C^1,2		(0.05	)%
Credit Suisse Leveraged Loan Index³		1.50	%

Performance shown for the Fund's Class A and Class C Shares does not reflect sales charges, which are a maximum of 4.75% and 1.00%, respectively.²

Market Review: Unexpected Volatility

The annual period ended October 31, 2020 was one of unexpected volatility. The Credit Suisse Leveraged Loan Index (the "Index"), the Fund's benchmark, returned 1.50% for the period. The loan market showed strength in the beginning of the period, as a strong economic backdrop highlighted by declining unemployment boosted corporate earnings helped increase investor appetite for senior loans. However, markets plunged in March 2020, as COVID-19 spread in the United States. During the month, investors pulled $13.4 billion from U.S. retail funds causing the average price of the Index to fall to 76.48 on March 23, 2020. The senior loan market recovered in the second quarter, as distressed and opportunistic credit buyers entered the market, lockdowns and restrictions were lifted in parts of the United States and Europe, and economic activity began to recover. The recovery continued through the summer and early fall as third quarter earnings steadily improved and investors gained confidence that there would be continued improvement into 2021. The discount margin for senior loans, using a three-year average life assumption, widened 85 basis points during the period to +583 basis points. Principal depreciation, however, was a large detractor, as the price of the Index decreased 2.53 points to end the period at 92.87.

According to JPMorgan, the par weighted default rate ended the period at 3.99%. Additionally, citing a better-than-expected third quarter economy and stabilization of energy prices, JPMorgan revised their 2021 default forecast to 3.5% for both loans and high yield — down from 5% and flat, respectively.

Credit Suisse Floating Rate High Income Fund
Annual Investment Adviser's Report (continued)
October 31, 2020 (unaudited)

From a quality point of view, the middle tier-rated portion of the Index outperformed for the year, returning 2.42%, while the upper and lower tiers returned -0.70% and -6.04%, respectively.

As Federal Reserve policy swings shifted demand out of floating rate products, loan funds reported outflows each month, totaling more than $30 billion for the year. Mutual fund managers have been able to raise cash for these redemptions, thanks to demand from CLO creation and light primary issuance. Gross and net CLO issuance for the period were $173.3 billion and $119.3 billion, respectively.

The period saw a significant increase in gross new issue activity, while net issuance was almost identical to the prior year. Specifically, JPMorgan reported gross issuance of $452.3 billion and net issuance of $202.9 billion, down 32% and flat, respectively.

Strategic Review and Outlook: Cautiously Optimistic

For the annual period ended October 31, 2020, the Fund underperformed the Index. Positive security selection in the bank loan asset class contributed to relative performance. Additionally, positive security selection in housing, chemicals and metals/mining helped performance, while negative selection in media/telecommunications, manufacturing, and energy dragged performance down. From a ratings perspective, positive security selection in B-rated investments contributed to relative returns, while negative selection in BB-rated investments pulled them down.

We have been encouraged by the recovery in performance and liquidity positions of most companies and expect default rates to moderate from current levels. We are also pleased to see the return of an active primary loan market calendar, with most transactions in defensive sectors such as software, healthcare and packaging. Going forward, we will look for opportunities to add yield to the portfolio without taking unnecessary credit risk, while continuing to monitor COVID-exposed positions (primarily in the leisure & entertainment and energy sectors). While the markets and U.S. economy are by no means out of the woods, we remain constructive on the bank loan market over the intermediate and long term.

The Credit Suisse Credit Investments Group Team

John G. Popp
Thomas J. Flannery
Louis I. Farano
Wing Chan
David J. Mechlin

Credit Suisse Floating Rate High Income Fund
Annual Investment Adviser's Report (continued)
October 31, 2020 (unaudited)

High yield bonds are bonds rated below BBB- by S&P or Baa3 by Moody's that are also known as "junk bonds." Such bonds entail greater risks than those found in higher- rated securities.

Additional principal risk factors for the Fund include conflict of interest risk, credit risk, foreign securities risk, illiquidity risk, interest rate risk, LIBOR risk, market risk, prepayment risk and valuation risk. Before you invest, please make sure you understand the risks that apply to the Fund. As with any mutual fund, you could lose money over any period of time.

Investments in the Fund are not bank deposits and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any government agency. For a detailed discussion of these and other risks, please refer to the Fund's Prospectus, which should be read carefully before investing.

Credit Suisse Floating Rate High Income Fund
Annual Investment Adviser's Report (continued)
October 31, 2020 (unaudited)

Comparison of Change in Value of $10,000 Investment in the
Credit Suisse Floating Rate High Income Fund^1,2 and the
Credit Suisse Leveraged Loan Index³ for Ten Years

¹ Fee waivers and/or expense reimbursements reduce expenses for the Fund, without which performance would be lower. Effective April 22, 2019, the Fund entered into a written contract to limit expenses to 0.70% of the Fund's average daily net assets for Class I shares, 0.95% of the Fund's average daily net assets for Class A shares and 1.70% of the Fund's average daily net assets for Class C shares through at least February 28, 2022. This limit excludes certain expenses, as set forth in the Fund's Prospectus.

² Total return for the Fund's Class A shares for the reporting period, based on offering price (including maximum sales charge of 4.75%), was (4.11)%. Total return for the Fund's Class C shares for the reporting period, based on redemption value including maximum contingent deferred sales charge ("CDSC") of 1.00%, was (1.01)%.

³ Credit Suisse Leveraged Loan Index is an unmanaged index that is designed to mirror the investable universe of the U.S. dollar denominated institutional leveraged loan market. The index does not have transaction costs and investors cannot invest directly in the index.

Credit Suisse Floating Rate High Income Fund
Annual Investment Adviser's Report (continued)
October 31, 2020 (unaudited)

Average Annual Returns as of October 31, 2020¹

	1 Year			5 Years			10 Years
Class I		0.92	%		3.46	%		4.22	%
Class A Without Sales Charge		0.70	%		3.21	%		3.98	%
Class A With Maximum Sales Charge		(4.11	)%		2.20	%		3.47	%
Class C Without CDSC		(0.05	)%		2.44	%		3.20	%
Class C With CDSC		(1.01	)%		2.44	%		3.20	%

Returns represent past performance and include change in share price and reinvestment of dividends and capital gain distributions, if any. 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/funds.

The annual gross expense ratios are 0.79% for Class I shares, 1.04% for Class A shares and 1.79% for Class C shares. The annual net expense ratios after fee waivers and/or expense reimbursements are 0.70% for Class I shares, 0.95% for Class A shares and 1.70% for Class C shares.

Credit Suisse Floating Rate High Income Fund
Annual Investment Adviser's Report (continued)
October 31, 2020 (unaudited)

Information About Your Fund's Expenses

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

Credit Suisse Floating Rate High Income Fund
Annual Investment Adviser's Report (continued)
October 31, 2020 (unaudited)

Expenses and Value for a $1,000 Investment
for the six-month period ended October 31, 2020

Actual Fund Return	Class I			Class A			Class C
Beginning Account Value 05/01/20	$	1,000.00		$	1,000.00		$	1,000.00
Ending Account Value 10/31/20	$	1,108.60		$	1,106.90		$	1,102.40
Expenses Paid per $1,000*	$	3.71		$	5.03		$	8.98
Hypothetical 5% Fund Return
Beginning Account Value 05/01/20	$	1,000.00		$	1,000.00		$	1,000.00
Ending Account Value 10/31/20	$	1,021.62		$	1,020.36		$	1,016.59
Expenses Paid per $1,000*	$	3.56		$	4.82		$	8.62
	Class I			Class A			Class C
Annualized Expense Ratios*		0.70	%		0.95	%		1.70	%

* 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 184/366 to reflect the one-half year period.

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

Credit Suisse Floating Rate High Income Fund
Annual Investment Adviser's Report (continued)
October 31, 2020 (unaudited)

Credit Quality Breakdown*

(% of Total Investments as of October 31, 2020)

S&P Ratings**
A	1.1	%
BBB	5.9
BB	15.3
B	55.0
CCC	17.3
CC	0.1
C	0.0	¹
NR	4.7
Subtotal	99.4
Equity and Other	0.6
Total	100.0	%

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

** Credit Quality is based on ratings provided by the S&P Global Ratings Division of S&P Global Inc. ("S&P"). S&P is a main provider of ratings for credit assets classes and is widely used amongst industry participants. The NR category consists of securities that have not been rated by S&P.

¹ This amount represents less than 0.1%.

Credit Suisse Floating Rate High Income Fund
Schedule of Investments
October 31, 2020

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
BANK LOANS (84.1%)
Advertising (1.2%)
$	8,620	Clear Channel Outdoor Holdings, Inc., LIBOR 3M + 3.500%⁽¹⁾	(B, B1)	08/21/26		3.714	$	7,881,470
	4,324	MH Sub I LLC, LIBOR 1M + 3.500%⁽¹⁾	(B, B2)	09/13/24		3.648		4,196,226
	5,980	MH Sub I LLC, LIBOR 1M + 7.500%⁽¹⁾	(CCC+, Caa2)	09/15/25		7.648		5,972,525
	3,969	Southern Graphics, Inc., LIBOR 1M + 3.250%⁽¹⁾	(CCC+, B3)	12/31/22		3.398		2,616,533
	6,000	Southern Graphics, Inc., LIBOR 1M + 7.500%^(1),(2)	(CCC-, Caa3)	12/31/23		7.648		1,995,000
								22,661,754
Aerospace & Defense (0.9%)
	7,770	Amentum Government Services Holdings LLC⁽³⁾	(B, B1)	01/29/27		5.500		7,624,795
	7,960	Avolon TLB Borrower 1 (US) LLC, LIBOR 1M + 1.500%⁽¹⁾	(BBB-, Baa2)	02/12/27		2.250		7,630,257
	2,798	Fly Funding II S.a.r.l., LIBOR 3M + 1.750%⁽¹⁾	(BBB-, Ba3)	08/11/25		1.990		2,444,405
								17,699,457
Air Transportation (0.6%)
	9,853	American Airlines, Inc., LIBOR 1M + 2.000%⁽¹⁾	(B, Ba3)	12/15/23		2.148		8,240,519
	2,756	Mileage Plus Holdings LLC, LIBOR 3M + 5.250%⁽¹⁾	(NR, Baa3)	06/25/27		6.250		2,806,889
								11,047,408
Auto Parts & Equipment (4.1%)
	1,247	Adient U.S. LLC, LIBOR 1M + 4.250%⁽¹⁾	(B+, Ba3)	05/06/24		4.398		1,231,881
	8,803	American Axle & Manufacturing, Inc., LIBOR 1M + 2.250%⁽¹⁾	(BB-, Ba2)	04/06/24		3.000		8,527,759
	2,933	Autokiniton U.S. Holdings, Inc., LIBOR 1M + 6.375%^(1),(4)	(B, B2)	05/22/25		6.523		2,844,525
	8,360	Clarios Global LP, LIBOR 1M + 3.500%⁽¹⁾	(B, B1)	04/30/26		3.648		8,143,057
	16,324	CS Intermediate Holdco 2 LLC, LIBOR 1M + 2.000%^(1),(2)	(B-, B1)	11/02/23		2.750		14,164,049
	1,960	Garrett Motion, Inc.^(3),(4)	(BBB-, NR)	03/31/21		5.500		1,969,800
	1,960	Garrett Motion, Inc.^(3),(4)	(NR, NR)	03/31/21		5.500		1,920,800
	1,708	Jason Group, Inc., LIBOR 1M + 2.000%⁽¹⁾	(CCC-, Caa3)	02/28/26		11.000		1,558,305
	2,613	Jason Group, Inc., LIBOR 1M + 3.000%^(1),(4)	(B-, Caa1)	08/28/25		7.000		2,521,576
	3,716	Les Schwab Tire Centers, LIBOR 3M + 3.500%⁽¹⁾	(B, B2)	10/28/27		3.500		3,688,519
	12,041	TI Group Automotive Systems, L.L.C., EURIBOR + 3.750%^(1),(5)	(BB-, B1)	12/16/24		4.500		13,973,265
	5,264	TI Group Automotive Systems, L.L.C., LIBOR 3M + 3.750%^(1),(4)	(BB-, B1)	12/16/24		4.500		5,244,671
	12,364	U.S. Farathane LLC, LIBOR 3M + 3.500%⁽¹⁾	(CCC, Caa3)	12/23/21		4.500		11,313,507
								77,101,714

See Accompanying Notes to Financial Statements.
9

Credit Suisse Floating Rate High Income Fund
Schedule of Investments (continued)
October 31, 2020

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
BANK LOANS (continued)
Banking (0.7%)
$	6,740	Citco Funding LLC, LIBOR 6M + 2.500%^(1),(4)	(NR, Ba3)	09/28/23		2.769	$	6,579,482
	2,993	Citco Funding LLC, LIBOR 6M + 3.250%^(1),(4)	(NR, Ba3)	09/28/23		3.750		2,970,056
	3,600	NEXUS Buyer LLC, LIBOR 1M + 3.750%⁽¹⁾	(B-, B2)	11/09/26		3.897		3,537,900
								13,087,438
Building & Construction (0.4%)
	1,940	ACProducts, Inc., LIBOR 3M + 6.500%⁽¹⁾	(B, B2)	08/18/25		7.500		1,964,784
	691	Service Logic Acquisition, Inc.,^(1),(3),(4)	(B, B2)	10/23/27		0.500		687,923
	2,394	Service Logic Acquisition, Inc., LIBOR 3M + 4.000%^(1),(4)	(B, B2)	10/23/27		4.750		2,384,802
	3,238	SiteOne Landscape Supply, Inc., LIBOR 1M + 2.750%⁽¹⁾	(BB, B1)	10/29/24		3.750		3,222,229
								8,259,738
Building Materials (3.7%)
	3,910	Airxcel, Inc., LIBOR 2M + 4.500%⁽¹⁾	(B-, Caa2)	04/28/25		4.648		3,706,680
	1,775	Airxcel, Inc., LIBOR 1M + 8.750%⁽¹⁾	(CCC, Ca)	04/27/26		8.898		1,566,437
	11,726	American Builders & Contractors Supply Co., Inc., LIBOR 1M + 2.000%⁽¹⁾	(BB+, B1)	01/15/27		2.148		11,404,272
	1,938	Cornerstone Building Brands, Inc., LIBOR 1M + 3.750%⁽¹⁾	(B+, B2)	04/12/25		3.895		1,907,220
	7,182	Floor & Decor Outlets of America, Inc., LIBOR 1M + 2.000%⁽¹⁾	(BB-, Ba2)	02/14/27		2.150		6,930,432
	8,000	Installed Building Products, Inc., LIBOR 1M + 2.250%⁽¹⁾	(BB+, Ba3)	04/15/25		2.398		7,810,000
	14,286	Priso Acquisition Corp., LIBOR 3M + 3.000%⁽¹⁾	(B+, B3)	05/08/22		4.000		14,000,138
	13,934	Summit Materials Cos. I LLC, LIBOR 1M + 2.000%⁽¹⁾	(BBB-, Ba1)	11/21/24		2.148		13,698,522
	8,949	Wilsonart LLC, LIBOR 3M + 3.250%⁽¹⁾	(B+, B2)	12/19/23		4.250		8,826,548
								69,850,249
Cable & Satellite TV (1.2%)
	15,229	CSC Holdings LLC, LIBOR 1M + 2.250%⁽¹⁾	(BB, Ba3)	07/17/25		2.398		14,743,944
	7,000	Ziggo B.V., EURIBOR + 3.000%^(1),(5)	(B+, B1)	01/31/29		3.000		7,962,003
								22,705,947
Chemicals (7.7%)
	5,180	Allnex (Luxembourg) & Cy S.C.A., EURIBOR + 3.250%^(1),(5)	(B, B2)	09/13/23		3.250		5,825,357
	2,313	Allnex (Luxembourg) & Cy S.C.A., LIBOR 3M + 3.250%⁽¹⁾	(B, B2)	09/13/23		4.000		2,251,503
	1,743	Allnex U.S.A., Inc., LIBOR 3M + 3.250%⁽¹⁾	(B, B2)	09/13/23		4.000		1,696,279
	15,282	Alpha 3 B.V., LIBOR 3M + 3.000%⁽¹⁾	(B-, B2)	01/31/24		4.000		15,050,035
	1,718	Aruba Investments, Inc.⁽³⁾	(B-, B1)	10/28/27		4.000		1,709,530
	9,144	Ascend Performance Materials Operations LLC, LIBOR 3M + 5.250%⁽¹⁾	(BB-, B1)	08/27/26		6.250		9,138,758

See Accompanying Notes to Financial Statements.
10

Credit Suisse Floating Rate High Income Fund
Schedule of Investments (continued)
October 31, 2020

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
BANK LOANS (continued)
Chemicals
$	2,552	ASP Chromaflo Dutch I B.V., LIBOR 3M + 3.500%⁽¹⁾	(B, B2)	11/20/23		4.500	$	2,470,253
	259	ASP Chromaflo Intermediate Holdings, Inc., LIBOR 1M + 8.000%^(1),(2)	(CCC, Caa2)	11/18/24		9.000		212,900
	1,962	ASP Chromaflo Intermediate Holdings, Inc., LIBOR 3M + 3.500%⁽¹⁾	(B, B2)	11/20/23		4.500		1,899,728
	8,502	Axalta Coating Systems U.S. Holdings, Inc., LIBOR 3M + 1.750%⁽¹⁾	(BBB-, Ba1)	06/01/24		1.970		8,272,184
	7,286	CeramTec AcquiCo GmbH, EURIBOR + 2.750%^(1),(5)	(B, B2)	03/07/25		2.750		8,117,006
	796	Ferro Corp. (Term Loan B1), LIBOR 3M + 2.250%⁽¹⁾	(B+, Ba3)	02/14/24		2.470		784,728
	4,636	Ferro Corp. (Term Loan B2), LIBOR 3M + 2.250%⁽¹⁾	(B+, Ba3)	02/14/24		2.470		4,580,193
	4,537	Ferro Corp. (Term Loan B3), LIBOR 3M + 2.250%⁽¹⁾	(B+, Ba3)	02/14/24		2.470		4,482,742
	1,905	Flint Group GmbH, EURIBOR + 4.250%^(1),(5)	(CCC+, Caa1)	09/21/23		5.000		1,984,663
	552	Flint Group GmbH, LIBOR 3M + 4.250%⁽¹⁾	(CCC+, Caa1)	09/21/23		5.250		495,689
	3,337	Flint Group U.S. LLC, LIBOR 3M + 4.250%⁽¹⁾	(CCC+, Caa1)	09/21/23		5.250		2,998,514
	6,923	Gemini HDPE LLC, LIBOR 3M + 2.500%⁽¹⁾	(BB, Ba3)	08/07/24		2.720		6,797,283
	8,853	PMHC II, Inc., LIBOR 12M + 3.500%⁽¹⁾	(CCC+, Caa1)	03/31/25		4.500		8,067,433
	2,907	PMHC II, Inc., LIBOR 12M + 7.750%^(1),(2),(4)	(CCC, Caa3)	03/30/26		8.750		2,689,117
	10,293	Polar U.S. Borrower LLC, LIBOR 1M + 4.750%⁽¹⁾	(B-, B2)	10/15/25		4.897		9,932,317
	3,110	Ravago Holdings America, Inc., LIBOR 1M + 2.750%^(1),(4)	(BB+, B2)	07/13/23		2.900		3,101,809
	5,504	Solenis Holdings LLC, LIBOR 3M + 4.000%⁽¹⁾	(B-, B3)	06/26/25		4.256		5,384,917
	13,557	Starfruit Finco B.V, LIBOR 1M + 3.000%⁽¹⁾	(B+, B1)	10/01/25		3.145		13,170,471
	4,625	Tronox Finance LLC, LIBOR 3M + 3.000%⁽¹⁾	(B+, Ba3)	09/23/24		3.148		4,541,551
	22,398	UTEX Industries, Inc.^(3),(7)	(NR, NR)	05/22/21		0.000		6,898,721
	1,850	UTEX Industries, Inc., LIBOR 1M + 9.000%^(1),(4)	(NR, NR)	02/10/21		10.000		1,859,457
	1,295	UTEX Industries, Inc.^(3),(4)	(NR, NR)	10/30/24		8.500		1,301,620
	3,978	Vantage Specialty Chemicals, Inc., LIBOR 6M + 8.250%^(1),(2)	(CCC, Caa3)	10/27/25		9.250		3,127,098
	6,533	Zep, Inc., LIBOR 6M + 4.000%⁽¹⁾	(CCC+, B3)	08/12/24		5.000		6,195,678
	2,250	Zep, Inc., LIBOR 3M + 8.250%^(1),(2)	(CCC-, Caa3)	08/11/25		9.250		1,969,875
								147,007,409
Diversified Capital Goods (2.0%)
	3,650	Callaway Golf Co., LIBOR 1M + 4.500%⁽¹⁾	(B+, B1)	01/02/26		4.647		3,641,753
	3,384	Dynacast International LLC, LIBOR 3M + 3.250%⁽¹⁾	(CCC, Caa1)	01/28/22		4.250		3,175,538
	3,910	Electrical Components International, Inc., LIBOR 1M + 4.250%⁽¹⁾	(B-, B2)	06/26/25		4.398		3,603,730
	2,756	Filtration Group Corp., LIBOR 1M + 3.000%⁽¹⁾	(B, B3)	03/29/25		3.148		2,689,045
	2,475	Filtration Group Corp., LIBOR 1M + 3.750%⁽¹⁾	(B, B3)	03/31/25		4.500		2,448,948
	9,445	Ingersoll-Rand Services Co., LIBOR 1M + 1.750%⁽¹⁾	(BB+, Ba2)	03/01/27		1.898		9,153,546
	13,592	Vertiv Group Corp., LIBOR 1M + 3.000%⁽¹⁾	(B+, B1)	03/02/27		3.148		13,395,315
								38,107,875

See Accompanying Notes to Financial Statements.
11

Credit Suisse Floating Rate High Income Fund
Schedule of Investments (continued)
October 31, 2020

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
BANK LOANS (continued)
Electric - Generation (0.6%)
$	11,876	Brookfield WEC Holdings, Inc., LIBOR 1M + 3.000%⁽¹⁾	(B, B2)	08/01/25		3.750	$	11,625,623
Electric-Integrated (0.3%)
	6,231	Pacific Gas & Electric Co., LIBOR 3M + 4.500%⁽¹⁾	(BB-, B1)	06/23/25		5.500		6,179,842
Electronics (3.6%)
	4,205	Brooks Automation, Inc., LIBOR 6M + 2.500%^(1),(4)	(BB-, Ba3)	10/04/24		2.740		4,152,206
	2,431	EXC Holdings III Corp., LIBOR 3M + 3.500%⁽¹⁾	(B-, B2)	12/02/24		4.500		2,410,998
	1,026	EXC Holdings III Corp., LIBOR 3M + 7.500%⁽¹⁾	(CCC+, Caa2)	12/01/25		8.500		1,017,745
	18,423	MACOM Technology Solutions Holdings, Inc., LIBOR 1M + 2.250%⁽¹⁾	(B-, B3)	05/17/24		2.398		17,860,859
	9,509	Microchip Technology, Inc., LIBOR 1M + 2.000%⁽¹⁾	(NR, Baa3)	05/29/25		2.150		9,441,575
	7,000	Oberthur Technologies S.A., EURIBOR + 3.750%^(1),(5)	(B-, B3)	01/10/24		3.750		7,828,726
	12,335	Oberthur Technologies SA, LIBOR 3M + 3.750%⁽¹⁾	(B-, B3)	01/10/24		3.970		11,891,463
	15,039	Tempo Acquisition LLC, LIBOR 1M + 3.250%⁽¹⁾	(B, B1)	11/02/26		3.750		14,584,118
								69,187,690
Energy - Exploration & Production (0.6%)
	2,714	Lower Cadence Holdings LLC, LIBOR 1M + 4.000%⁽¹⁾	(B-, B2)	05/22/26		4.148		2,476,404
	4,683	PES Holdings LLC, PRIME + 7.250%^(1),(4),(7)	(NR, NR)	12/31/22		10.500		4,191,354
	14,856	PES Holdings LLC, PRIME + 6.990%, PIK^(1),(7),(11)	(NR, NR)	12/31/22		6.250		1,671,299
	4,253	PES Holdings LLC, PRIME + 2.000%^{(1),(2),(4),(7)}	(NR, NR)	12/31/22		5.250		3,402,065
								11,741,122
Food & Drug Retailers (0.3%)
	2,999	L1R HB Finance Limited Â , EURIBOR + 4.250%^(1),(5)	(CCC+, Caa1)	09/02/24		4.250		2,805,981
	2,999	L1R HB Finance Limited Â , LIBOR - GBP + 5.250%^(1),(8)	(CCC+, Caa1)	09/02/24		5.555		3,103,586
								5,909,567
Food - Wholesale (1.2%)
	1,964	AI Aqua Merger Sub, Inc., LIBOR 1M + 3.250%⁽¹⁾	(B, B2)	12/13/23		4.250		1,925,000
	2,947	AI Aqua Merger Sub, Inc., LIBOR 1M + 3.250%^(1),(4)	(B, B2)	12/13/23		4.250		2,887,899
	2,756	AI Aqua Merger Sub, Inc., LIBOR 3M + 4.250%^(1),(4)	(B, B2)	12/13/23		5.250		2,728,934
	2,132	U.S. Foods, Inc., LIBOR 1M + 2.000%⁽¹⁾	(BB-, B3)	09/13/26		2.148		2,032,366
	7,158	United Natural Foods, Inc., LIBOR 1M + 4.250%⁽¹⁾	(B, B2)	10/22/25		4.398		7,063,832
	5,000	Zara UK Midco Ltd., EURIBOR + 5.750%^(1),(2),(5)	(B, B2)	01/31/25		5.750		5,171,466
								21,809,497

See Accompanying Notes to Financial Statements.
12

Credit Suisse Floating Rate High Income Fund
Schedule of Investments (continued)
October 31, 2020

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
BANK LOANS (continued)
Forestry & Paper (0.3%)
$	5,448	Asplundh Tree Expert LLC, LIBOR 1M + 2.500%⁽¹⁾	(BBB-, Ba1)	09/07/27		2.640	$	5,442,096
Gaming (2.6%)
	3,491	Aristocrat Leisure Ltd., LIBOR 3M + 3.750%⁽¹⁾	(BB+, Ba1)	10/19/24		4.750		3,498,669
	4,080	Caesars Resort Collection LLC, LIBOR 1M + 2.750%⁽¹⁾	(B+, B1)	12/23/24		2.898		3,836,677
	7,245	CBAC Borrower LLC, LIBOR 1M + 4.000%^(1),(2)	(CCC+, Caa2)	07/08/24		4.148		6,397,538
	6,591	Gateway Casinos & Entertainment Ltd., LIBOR 3M + 3.500%, PIK^(1),(11)	(B, B2)	03/13/25		7.500		5,965,228
	5,833	Golden Nugget, Inc., LIBOR 1M + 2.500%⁽¹⁾	(B, B2)	10/04/23		3.250		5,172,422
	12,600	Jackpotjoy PLC, LIBOR - GBP + 4.500%^(1),(8)	(B+, Ba3)	12/05/24		4.293		16,128,886
	9,315	Stars Group Holdings B.V. (The), LIBOR 3M + 3.500%⁽¹⁾	(BBB-, Ba1)	07/10/25		3.720		9,325,350
								50,324,770
Gas Distribution (0.2%)
	4,263	Traverse Midstream Partners LLC, LIBOR 1M + 5.500%⁽¹⁾	(B, B3)	09/27/24		6.500		3,951,346
Health Facilities (1.2%)
	5,521	DaVita, Inc., LIBOR 1M + 1.750%⁽¹⁾	(BBB-, Ba1)	08/12/24		1.648		5,438,270
	1,995	DaVita, Inc., LIBOR 1M + 1.750%⁽¹⁾	(BBB-, Ba1)	08/12/26		1.898		1,955,076
	2,708	Western Dental Services, Inc., LIBOR 3M + 4.500%^(1),(4)	(CCC+, Caa1)	06/30/23		5.500		2,551,901
	14,287	Western Dental Services, Inc., LIBOR 3M + 5.250%^(1),(4)	(CCC+, Caa1)	06/30/23		6.250		13,536,623
								23,481,870
Health Services (2.1%)
	14,496	Athenahealth, Inc., LIBOR 3M + 4.500%^(1),(4)	(B, B2)	02/11/26		4.750		14,224,113
	7,880	Auris Luxembourg III Sarl, LIBOR 1M + 3.750%⁽¹⁾	(B-, B3)	02/27/26		3.898		7,387,514
	5,352	Carestream Health, Inc., LIBOR 6M + 6.750%⁽¹⁾	(B-, B1)	05/08/23		7.750		5,177,688
	943	KUEHG Corp., LIBOR 3M + 3.750%⁽¹⁾	(CCC+, B3)	02/21/25		4.750		863,196
	3,588	Radiology Partners, Inc., LIBOR 12M + 4.250%⁽¹⁾	(B-, B3)	07/09/25		4.811		3,396,387
	1,000	Southern Veterinary Partners, LLC, LIBOR 3M + 7.750%^(1),(4)	(CCC, Caa2)	10/05/28		8.750		1,005,000
	1,014	Southern Veterinary Partners, LLC^{(1),(3),(4),(6)}	(B-, B2)	10/01/27		0.500		1,009,177
	7,353	Southern Veterinary Partners, LLC, LIBOR 6M + 4.000%^(1),(4)	(B-, B2)	10/02/27		5.000		7,316,533
								40,379,608
Hotels (0.7%)
	5,000	Compass III Ltd., EURIBOR + 4.500%^(1),(5)	(B, B2)	05/09/25		4.500		5,491,799
	3,000	Compass IV Ltd., EURIBOR + 8.000%^(1),(5)	(CCC, Caa2)	04/30/26		9.000		2,996,575
	3,067	Playa Resorts Holding B.V., LIBOR 1M + 2.750%⁽¹⁾	(B-, Caa1)	04/29/24		3.750		2,614,309
	1,618	RHP Hotel Properties, LP, LIBOR 1M + 2.000%⁽¹⁾	(B+, Ba3)	05/11/24		2.150		1,540,449
								12,643,132

See Accompanying Notes to Financial Statements.
13

Credit Suisse Floating Rate High Income Fund
Schedule of Investments (continued)
October 31, 2020

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
BANK LOANS (continued)
Insurance (0.2%)
$	4,450	Alera Group Holdings, Inc., LIBOR 1M + 4.000%^(1),(4)	(B, B2)	08/01/25		4.500	$	4,338,952
Insurance Brokerage (3.1%)
	13,417	Acrisure LLC, LIBOR 1M + 3.500%⁽¹⁾	(B, B2)	02/15/27		3.648		12,970,294
	5,390	Alliant Holdings Intermediate, LLC, LIBOR 1M + 2.750%⁽¹⁾	(B, B2)	05/09/25		2.898		5,202,481
	6,361	AssuredPartners, Inc., LIBOR 1M + 3.500%⁽¹⁾	(B, B2)	02/12/27		3.648		6,151,034
	5,237	Hub International Ltd., LIBOR 3M + 3.000%⁽¹⁾	(B, B2)	04/25/25		3.186		5,046,283
	7,295	Hyperion Insurance Group Ltd., EURIBOR + 3.500%^(1),(4),(5)	(B, B2)	12/20/24		3.500		8,455,417
	16,617	NFP Corp., LIBOR 1M + 3.250%⁽¹⁾	(B, B1)	02/15/27		3.398		15,922,938
	5,556	Ryan Specialty Group LLC, LIBOR 1M + 3.250%⁽¹⁾	(B, B1)	09/01/27		4.000		5,524,389
								59,272,836
Investments & Misc. Financial Services (2.2%)
	10,178	Altisource Solutions Sarl, LIBOR 3M + 4.000%^(1),(2)	(B-, Caa1)	04/03/24		5.000		7,366,352
	5,542	AqGen Ascensus, Inc., LIBOR 1M + 4.000%⁽¹⁾	(B-, B2)	12/03/26		5.000		5,476,967
	2,743	Deerfield Dakota Holding, LLC, LIBOR 1M + 3.750%⁽¹⁾	(B-, B2)	04/09/27		4.750		2,704,269
	15,329	Ditech Holding Corp., PRIME + 7.000%^(1),(4),(7)	(NR, NR)	06/30/22		11.250		4,617,770
	1,237	EIG Management Company, LLC, LIBOR 1M + 3.750%^(1),(4)	(BB, Ba2)	02/22/25		4.500		1,234,216
	10,031	Hudson River Trading LLC, LIBOR 1M + 3.000%⁽¹⁾	(BB-, Ba2)	02/18/27		3.148		9,938,900
	2,140	KREF Holdings X LLC, LIBOR 3M + 4.750%^(1),(4)	(BB-, Ba2)	09/01/27		5.750		2,140,103
	7,554	VFH Parent LLC, LIBOR 1M + 3.000%⁽¹⁾	(B+, Ba3)	03/01/26		3.145		7,481,230
								40,959,807
Life Insurance (0.1%)
	1,224	Vida Capital, Inc., LIBOR 1M + 6.000%⁽¹⁾	(B, B2)	10/01/26		6.148		1,217,401
Machinery (2.0%)
	3,407	Alliance Laundry Systems LLC, LIBOR 3M + 3.500%⁽¹⁾	(B, B2)	10/08/27		4.250		3,383,765
	2,841	Alloy Finco Ltd., LIBOR - GBP + 6.750%^(1),(4),(8)	(NR, NR)	03/06/24		8.750		3,306,353
	3,126	Alloy Finco Ltd., LIBOR - GBP + 0.500%, PIK^(1),(8)	(NR, NR)	03/06/25		14.000		1,202,611
	7,346	Cohu, Inc., LIBOR 1M + 3.000%⁽¹⁾	(B-, B2)	10/01/25		3.148		7,109,892
	2,307	CPM Holdings, Inc., LIBOR 1M + 3.750%⁽¹⁾	(CCC+, B3)	11/17/25		3.899		2,151,929
	1,977	CPM Holdings, Inc., LIBOR 1M + 8.250%^(1),(2)	(CCC, Caa3)	11/15/26		8.399		1,817,209
	3,696	LTI Holdings, Inc., LIBOR 1M + 6.750%^(1),(2)	(CCC+, Caa3)	09/06/26		6.898		3,323,183
	7,870	LTI Holdings, Inc., LIBOR 1M + 3.500%⁽¹⁾	(B-, B3)	09/06/25		3.648		7,362,278
	8,323	Welbilt, Inc., LIBOR 1M + 2.500%⁽¹⁾	(CCC+, B3)	10/23/25		2.648		7,648,928
								37,306,148

See Accompanying Notes to Financial Statements.
14

Credit Suisse Floating Rate High Income Fund
Schedule of Investments (continued)
October 31, 2020

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
BANK LOANS (continued)
Managed Care (0.9%)
$	8,606	Inovalon Holdings, Inc., LIBOR 1M + 3.000%⁽¹⁾	(B+, B2)	04/02/25		3.188	$	8,394,800
	9,502	MPH Acquisition Holdings LLC, LIBOR 3M + 2.750%⁽¹⁾	(B+, B1)	06/07/23		3.750		9,402,108
								17,796,908
Media - Broadcast (0.2%)
	4,000	Recorded Books, Inc., LIBOR 1M + 4.250%^(1),(4)	(B-, B3)	08/29/25		4.750		3,980,000
Media - Diversified (0.9%)
	9,500	Alchemy Copyrights, LLC, LIBOR 1M + 3.250%^(1),(4)	(B+, B1)	08/16/27		4.000		9,476,250
	3,159	Diamond Sports Group LLC, LIBOR 1M + 3.250%⁽¹⁾	(BB-, Ba3)	08/24/26		3.400		1,981,136
	2,631	NEP/NCP Holdco, Inc., LIBOR 1M + 3.250%⁽¹⁾	(B, Caa1)	10/20/25		3.398		2,387,019
	5,000	NEP/NCP Holdco, Inc., LIBOR 1M + 7.000%^(1),(2)	(CCC, Caa3)	10/19/26		7.148		4,056,250
								17,900,655
Media Content (0.4%)
	2,052	NASCAR Holdings, Inc., LIBOR 1M + 2.750%⁽¹⁾	(BB, Ba3)	10/19/26		2.902		2,001,350
	5,469	WMG Acquisition Corp., LIBOR 1M + 2.130%⁽¹⁾	(BB, Ba3)	11/01/23		2.273		5,399,784
								7,401,134
Medical Products (1.8%)
	14,891	ABB Concise Optical Group LLC, LIBOR 6M + 5.000%⁽¹⁾	(CCC+, B3)	06/15/23		6.000		13,073,003
	6,439	Avantor Funding, Inc., LIBOR 1M + 2.250%⁽¹⁾	(BB-, Ba2)	10/29/27		2.500		6,383,042
	3,750	Maravai Intermediate Holdings, LLC, LIBOR 3M + 4.250%^(1),(4)	(B-, B3)	10/19/27		6.250		3,740,625
	10,060	Sotera Health Holdings LLC, LIBOR 3M + 4.500%⁽¹⁾	(B, B2)	12/11/26		5.500		10,041,893
								33,238,563
Metals & Mining - Excluding Steel (0.5%)
	9,341	GrafTech Finance, Inc., LIBOR 1M + 3.500%⁽¹⁾	(BB-, B1)	02/12/25		4.500		9,235,700
	7,529	Noranda Aluminum Acquisition Corp., PRIME + 3.500%^(1),(4),(7)	(NR, NR)	02/28/19		7.750		677,594
								9,913,294
Non - Electric Utilities (0.1%)
	3,020	BCP Raptor LLC, LIBOR 3M + 4.250%⁽¹⁾	(B-, B3)	06/24/24		5.250		2,502,529
Packaging (2.1%)
	3,909	Anchor Glass Container Corp., LIBOR 1M + 2.750%⁽¹⁾	(CCC+, Caa1)	12/07/23		3.750		2,960,804
	2,058	Anchor Glass Container Corp., LIBOR 1M + 7.750%^(1),(2)	(CCC-, Caa3)	12/07/24		8.750		807,258
	2,964	Anchor Glass Container Corp., LIBOR 3M + 5.000%^(1),(4)	(CCC+, Caa1)	12/07/23		6.000		2,237,820

See Accompanying Notes to Financial Statements.
15

Credit Suisse Floating Rate High Income Fund
Schedule of Investments (continued)
October 31, 2020

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
BANK LOANS (continued)
Packaging
$	12,172	Flex Acquisition Co., Inc., LIBOR 3M + 3.000%⁽¹⁾	(B, B2)	12/29/23		4.000	$	11,893,706
	10,000	Klockner-Pentaplast of America, Inc., EURIBOR + 4.750%^(1),(5)	(B-, B3)	06/30/22		4.750		11,201,542
	5,915	Proampac PG Borrower LLC, PRIME + 2.500%⁽¹⁾	(B-, B3)	11/20/23		5.442		5,825,831
	4,061	Reynolds Group Holdings, Inc., LIBOR 1M + 2.750%⁽¹⁾	(B+, B1)	02/05/23		2.898		3,992,139
	4,375	Strategic Materials, Inc., LIBOR 3M + 7.750%^(1),(2),(4)	(CC, C)	10/31/25		8.750		1,553,125
								40,472,225
Personal & Household Products (1.7%)
	3,333	ABG Intermediate Holdings 2 LLC, LIBOR 3M + 5.250%^(1),(4)	(B, B2)	09/27/24		6.250		3,316,667
	3,400	Keter Group B.V., EURIBOR + 4.250%^(1),(5)	(B-, Caa1)	10/31/23		5.250		3,761,236
	3,686	Serta Simmons Bedding LLC (First Out Term Loan), LIBOR 1M + 7.500%⁽¹⁾	(B+, B2)	08/10/23		8.500		3,699,750
	12,367	Serta Simmons Bedding LLC (Second Out Term Loan), LIBOR 1M + 7.500%⁽¹⁾	(B, Caa2)	08/10/23		8.500		10,620,281
	6,966	TricorBraun Holdings, Inc., PRIME + 2.750%⁽¹⁾	(B-, B2)	11/30/23		4.750		6,878,266
	4,562	Weber-Stephen Products LLC, LIBOR 3M + 3.250%⁽¹⁾	(B, B1)	10/20/27		3.250		4,524,691
								32,800,891
Pharmaceuticals (3.0%)
	1,834	Akorn, Inc., LIBOR 3M + 7.500%⁽¹⁾	(CCC+, Caa2)	10/01/25		14.000		1,844,648
	7,149	Alkermes, Inc., LIBOR 1M + 2.250%^(1),(4)	(BB, Ba3)	03/27/23		2.400		7,113,570
	5,750	Bausch Health Companies, Inc., LIBOR 1M + 3.000%⁽¹⁾	(BB, Ba2)	06/02/25		3.149		5,626,030
	12,439	Endo Luxembourg Finance Co. I Sarl, LIBOR 3M + 4.250%⁽¹⁾	(B+, B2)	04/29/24		5.000		11,858,116
	2,992	Grifols Worldwide Operations U.S.A., Inc., LIBOR 1 Week + 2.000%⁽¹⁾	(BB+, Ba2)	11/15/27		2.094		2,923,830
	16,260	Jaguar Holding Co. II, LIBOR 1M + 2.500%⁽¹⁾	(B+, Ba2)	08/18/22		3.500		16,167,380
	2,591	RPI Intermediate Finance Trust, LIBOR 1M + 1.750%⁽¹⁾	(BBB-, Ba1)	02/11/27		1.898		2,581,306
	9,703	Syneos Health, Inc., LIBOR 1M + 1.500%⁽¹⁾	(BB, Ba3)	03/26/24		1.648		9,541,529
								57,656,409
Real Estate Development & Management (0.5%)
	8,783	Forest City Enterprises LP, LIBOR 1M + 3.500%⁽¹⁾	(B+, B2)	12/08/25		3.648		8,518,354
Real Estate Investment Trusts (0.1%)
	2,494	Blackstone Mortgage Trust, Inc., LIBOR 1M + 4.750%^(1),(4)	(B+, Ba2)	04/23/26		5.750		2,493,750

See Accompanying Notes to Financial Statements.
16

Credit Suisse Floating Rate High Income Fund
Schedule of Investments (continued)
October 31, 2020

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
BANK LOANS (continued)
Recreation & Travel (3.5%)
$	13,038	Alterra Mountain Co., LIBOR 1M + 2.750%⁽¹⁾	(B, B1)	07/31/24		2.898	$	12,581,628
	2,154	Bulldog Purchaser, Inc., LIBOR 1M + 7.750%⁽¹⁾	(CCC-, Caa3)	09/04/26		7.898		1,798,461
	10,005	Bulldog Purchaser, Inc., LIBOR 1M + 3.750%⁽¹⁾	(B-, B3)	09/05/25		3.898		8,804,282
	6,308	Crown Finance U.S., Inc., LIBOR 6M + 2.500%⁽¹⁾	(CCC-, Caa3)	02/28/25		2.769		3,574,874
	6,115	Crown Finance U.S., Inc., LIBOR 6M + 2.750%⁽¹⁾	(CCC-, Caa3)	09/30/26		3.019		3,424,427
	9,420	Hornblower Sub LLC, LIBOR 3M + 4.500%⁽¹⁾	(CCC-, Caa2)	04/28/25		5.500		6,855,508
	5,773	Hornblower Sub LLC⁽³⁾	(NR, NR)	11/02/25		9.125		5,600,000
	877	Motion Finco Sarl, LIBOR 3M + 3.250%⁽¹⁾	(CCC+, B2)	11/12/26		3.470		758,007
	6,744	Motion Finco Sarl, LIBOR 3M + 3.250%⁽¹⁾	(CCC+, B2)	11/12/26		3.470		5,827,712
	3,980	Richmond UK Bidco Ltd., LIBOR - GBP + 4.250%^(1),(8)	(B-, B3)	03/03/24		4.338		4,702,347
	2,580	Samsonite International S.A., LIBOR 1M + 4.500%⁽¹⁾	(B+, Ba2)	04/25/25		5.500		2,521,850
	11,698	SeaWorld Parks & Entertainment, Inc., LIBOR 1M + 3.000%⁽¹⁾	(B-, B2)	03/31/24		3.750		10,969,780
								67,418,876
Restaurants (1.5%)
	9,949	1011778 B.C. Unlimited Liability Co., LIBOR 1M + 1.750%⁽¹⁾	(BB+, Ba2)	11/19/26		1.898		9,570,915
	10,796	IRB Holding Corp., LIBOR 6M + 2.750%⁽¹⁾	(B, B3)	02/05/25		3.750		10,296,930
	8,403	K-Mac Holdings Corp., LIBOR 1M + 3.000%⁽¹⁾	(B-, B2)	03/14/25		3.148		8,137,072
								28,004,917
Software - Services (10.4%)
	6,364	Camelot U.S. Acquisition 1 Co., LIBOR 1M + 3.000%⁽¹⁾	(B, B2)	10/30/26		4.000		6,307,955
	7,160	Camelot U.S. Acquisition 1 Co., LIBOR 1M + 3.000%⁽¹⁾	(B, B2)	10/30/26		3.148		6,986,521
	5,766	Ceridian HCM Holding, Inc., LIBOR 1 Week + 2.500%⁽¹⁾	(B+, B2)	04/30/25		2.594		5,591,891
	1,643	Dynatrace LLC, LIBOR 1M + 2.250%⁽¹⁾	(BB-, B1)	08/22/25		2.398		1,618,719
	4,080	Epicor Software Corp., LIBOR 1M + 7.750%⁽¹⁾	(CCC, Caa2)	07/31/28		8.750		4,194,750
	13,110	Epicor Software Corp., LIBOR 1M + 4.250%⁽¹⁾	(B-, B2)	07/30/27		5.250		13,078,864
	16,863	Finastra U.S.A., Inc., LIBOR 6M + 3.500%⁽¹⁾	(CCC+, B2)	06/13/24		4.500		15,954,528
	11,638	Flexera Software LLC, LIBOR 3M + 3.250%⁽¹⁾	(B-, B2)	02/26/25		4.250		11,530,945
	10,234	GHX Ultimate Parent Corp., LIBOR 3M + 3.250%⁽¹⁾	(B, B2)	06/28/24		4.250		9,952,569
	7,648	Go Daddy Operating Company LLC, LIBOR 1M + 1.750%⁽¹⁾	(BB, Ba1)	02/15/24		1.898		7,483,333
	3,817	Greeneden U.S. Holdings II LLC, EURIBOR + 3.500%^(1),(5)	(B-, B2)	12/01/23		3.500		4,428,833
	3,740	Hyland Software, Inc., LIBOR 1M + 7.000%⁽¹⁾	(CCC, Caa1)	07/07/25		7.750		3,718,177
	9,457	Hyland Software, Inc., LIBOR 1M + 3.500%⁽¹⁾	(B-, B1)	07/01/24		4.250		9,343,680
	1,958	MA FinanceCo. LLC, LIBOR 1M + 2.500%⁽¹⁾	(BB-, B1)	06/21/24		2.648		1,855,235
	3,134	Marcel LUX IV Sarl⁽³⁾	(B, B2)	09/22/27		4.750		3,112,780

See Accompanying Notes to Financial Statements.
17

Credit Suisse Floating Rate High Income Fund
Schedule of Investments (continued)
October 31, 2020

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
BANK LOANS (continued)
Software - Services
$	12,559	Project Alpha Intermediate Holding, Inc., LIBOR 3M + 3.500%⁽¹⁾	(B, B3)	04/26/24		4.500	$	12,367,840
	16,214	Refinitiv U.S. Holdings, Inc., LIBOR 1M + 3.250%⁽¹⁾	(B, B2)	10/01/25		3.398		15,999,951
	13,110	Seattle Spinco, Inc., LIBOR 1M + 2.500%⁽¹⁾	(BB-, B1)	06/21/24		2.648		12,421,257
	861	SkillSoft Corp., LIBOR 3M + 7.500%⁽¹⁾	(B+, B1)	12/27/24		8.500		866,252
	1,345	SkillSoft Corp., LIBOR 3M + 7.500%⁽¹⁾	(B-, Caa1)	04/27/25		8.500		1,335,684
	1,435	SolarWinds Holdings, Inc., LIBOR 1M + 2.750%⁽¹⁾	(B+, B1)	02/05/24		2.898		1,410,742
	14,346	Solera LLC, LIBOR 2M + 2.750%⁽¹⁾	(B, Ba3)	03/03/23		2.916		14,000,065
	3,725	SS&C European Holdings Sarl, LIBOR 1M + 1.750%⁽¹⁾	(BB+, Ba2)	04/16/25		1.898		3,627,832
	5,313	SS&C Technologies, Inc., LIBOR 1M + 1.750%⁽¹⁾	(BB+, Ba2)	04/16/25		1.898		5,175,115
	13,063	The Ultimate Software Group, Inc., LIBOR 1M + 3.750%⁽¹⁾	(B, B1)	05/04/26		3.898		12,865,275
	7,686	Verint Systems, Inc., LIBOR 1M + 2.000%^(1),(4)	(BBB-, Ba1)	06/28/24		2.140		7,608,759
	5,505	VS Buyer LLC, LIBOR 1M + 3.250%^(1),(4)	(B-, B1)	02/28/27		3.398		5,387,976
								198,225,528
Specialty Retail (1.5%)
	2,881	Boing U.S. Holdco, Inc., LIBOR 1M + 7.500%^(1),(2)	(CCC, Caa2)	10/03/25		8.500		2,708,140
	2,269	EG America LLC, LIBOR 3M + 8.000%^(1),(2)	(CCC, Caa2)	04/20/26		9.000		2,184,123
	13,113	EG Finco Ltd, EURIBOR + 4.000%^(1),(5)	(B-, B3)	02/07/25		4.000		14,224,682
	9,664	Mister Car Wash Holdings, Inc., LIBOR 1M + 3.250%⁽¹⁾	(CCC+, B2)	05/14/26		3.401		9,180,390
								28,297,335
Steel Producers/Products (1.5%)
	12,603	Atkore International, Inc., LIBOR 3M + 2.750%⁽¹⁾	(BB-, Ba3)	12/22/23		3.750		12,568,737
	15,323	Zekelman Industries, Inc., LIBOR 1M + 2.000%⁽¹⁾	(BB, Ba3)	01/24/27		2.148		14,904,069
								27,472,806
Support - Services (3.7%)
	7,696	Allied Universal Holdco LLC, LIBOR 1M + 4.250%⁽¹⁾	(B-, B3)	07/10/26		4.398		7,554,702
	3,679	Brand Energy & Infrastructure Services, Inc., LIBOR 3M + 4.250%⁽¹⁾	(B-, B3)	06/21/24		5.250		3,440,947
	2,601	Change Healthcare Holdings LLC, LIBOR 3M + 2.500%⁽¹⁾	(B+, B1)	03/01/24		3.500		2,543,862
	2,045	Global Education Management Systems Establishment, LIBOR 3M + 5.000%⁽¹⁾	(B, B3)	07/31/26		6.000		1,993,753
	5,000	MSX International, Inc., EURIBOR + 4.500%^(1),(2),(5)	(B-, Caa1)	01/06/24		4.500		4,886,136
	8,935	PODS LLC, LIBOR 1M + 2.750%⁽¹⁾	(B+, B2)	12/06/24		3.750		8,782,655
	14,055	SAI Global Holdings II (Australia) Pty. Ltd., LIBOR 3M + 4.500%^(1),(2)	(CCC, Caa1)	12/20/23		5.500		11,525,186

See Accompanying Notes to Financial Statements.
18

Credit Suisse Floating Rate High Income Fund
Schedule of Investments (continued)
October 31, 2020

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
BANK LOANS (continued)
Support - Services
$	11,606	Sedgwick Claims Management Services, Inc., LIBOR 1M + 3.250%⁽¹⁾	(B, B2)	12/31/25		3.398	$	11,169,508
	8,033	The Geo Group, Inc., LIBOR 1M + 2.000%⁽¹⁾	(BB+, Ba3)	03/22/24		2.750		7,333,770
	7,330	Tribe Buyer LLC, LIBOR 1M + 4.500%⁽¹⁾	(CCC+, Caa1)	02/16/24		5.500		5,585,077
	6,717	USS Ultimate Holdings, Inc., LIBOR 3M + 7.750%^(1),(2)	(CCC, Caa2)	08/25/25		8.750		6,440,088
								71,255,684
Tech Hardware & Equipment (0.5%)
	9,900	CommScope, Inc., LIBOR 1M + 3.250%⁽¹⁾	(B, Ba3)	04/06/26		3.398		9,587,061
Telecom - Wireline Integrated & Services (2.2%)
	7,632	Altice France S.A., LIBOR 1M + 3.688%⁽¹⁾	(B, B2)	01/31/26		3.836		7,411,797
	12,456	CenturyLink, Inc., LIBOR 1M + 2.250%⁽¹⁾	(BBB-, Ba3)	03/15/27		2.398		12,015,210
	1,655	GTT Communications, Inc., LIBOR 3M + 2.750%⁽¹⁾	(CCC+, B3)	05/31/25		2.970		1,424,660
	10,269	Level 3 Financing, Inc., LIBOR 1M + 1.750%⁽¹⁾	(BBB-, Ba1)	03/01/27		1.898		9,917,143
	4	Numericable Group S.A., LIBOR 1M + 2.750%⁽¹⁾	(B, B2)	07/31/25		2.898		3,440
	10,808	Zayo Group Holdings, Inc., LIBOR 1M + 3.000%⁽¹⁾	(B, B1)	03/09/27		3.148		10,437,088
								41,209,338
Theaters & Entertainment (3.0%)
	1,076	AMC Entertainment Holdings, Inc., PRIME + 2.000%⁽¹⁾	(CCC, Caa2)	04/22/26		3.230		611,358
	10,580	Metro-Goldwyn-Mayer, Inc., LIBOR 1M + 4.500%^(1),(4)	(CCC+, B3)	07/03/26		5.500		10,341,537
	4,819	NAI Entertainment Holdings LLC, LIBOR 1M + 2.500%^(1),(2)	(B+, B3)	05/08/25		3.500		4,414,655
	8,651	PUG LLC, LIBOR 1M + 3.500%⁽¹⁾	(B-, B3)	02/12/27		3.648		7,607,350
	6,280	Technicolor S.A., Euribor + 3.000%^(1),(5)	(CCC, Ca)	12/31/24		6.000		5,761,191
	1,166	Technicolor S.A., LIBOR 6M + 6.000%⁽¹⁾	(B, Caa1)	06/30/24		6.000		1,250,796
	1,890	Technicolor S.A., LIBOR 3M + 2.750%⁽¹⁾	(CCC, Ca)	12/31/24		6.025		1,488,067
	9,322	UFC Holdings, LLC, LIBOR 6M + 3.250%⁽¹⁾	(B, B2)	04/29/26		4.250		9,154,051
	16,273	William Morris Endeavor Entertainment LLC, LIBOR 1M + 2.750%⁽¹⁾	(CCC+, B3)	05/18/25		2.900		13,971,844
	2,239	William Morris Endeavor Entertainment LLC, LIBOR 1M + 8.500%^(1),(4)	(CCC+, B3)	05/18/25		9.500		2,221,959
								56,822,808
Transport Infrastructure/Services (0.3%)
	7,947	AI Mistral Holdco Ltd., LIBOR 1M + 3.000%^(1),(4)	(CCC+, Caa1)	03/11/24		4.000		6,158,643
TOTAL BANK LOANS (Cost $1,729,556,197)								1,602,428,004

See Accompanying Notes to Financial Statements.
19

Credit Suisse Floating Rate High Income Fund
Schedule of Investments (continued)
October 31, 2020

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
CORPORATE BONDS (6.4%)
Auto Parts & Equipment (0.3%)
$	1,345	Clarios U.S. Finance Co., Rule 144A, Company Guaranteed Notes (Callable 05/15/22 @ 104.25)⁽⁹⁾	(CCC+, Caa1)	05/15/27		8.500	$	1,405,256
	6,665	Cooper-Standard Automotive, Inc., Rule 144A, Company Guaranteed Notes (Callable 11/15/21 @ 102.81)⁽⁹⁾	(CCC, Caa1)	11/15/26		5.625		4,482,212
								5,887,468
Brokerage (0.1%)
	2,017	StoneX Group, Inc., Rule 144A, Senior Secured Notes (Callable 06/15/22 @ 104.31)⁽⁹⁾	(BB-, Ba3)	06/15/25		8.625		2,131,717
Building Materials (0.3%)
	5,135	PriSo Acquisition Corp., Rule 144A, Senior Unsecured Notes (Callable 11/30/20 @ 100.00)^(9),(10)	(CCC+, Caa2)	05/15/23		9.000		5,096,487
Cable & Satellite TV (0.4%)
	1,100	CSC Holdings LLC, Rule 144A, Company Guaranteed Notes (Callable 05/15/21 @ 102.75)⁽⁹⁾	(BB, Ba3)	05/15/26		5.500		1,145,925
	3,400	Telenet Finance Luxembourg Notes Sarl, Rule 144A, Senior Secured Notes (Callable 12/01/22 @ 102.75)⁽⁹⁾	(BB-, Ba3)	03/01/28		5.500		3,588,700
	2,455	Ziggo B.V., Rule 144A, Senior Secured Notes (Callable 01/15/22 @ 102.75)⁽⁹⁾	(B+, B1)	01/15/27		5.500		2,551,592
								7,286,217
Chemicals (0.2%)
	4,500	Atotech Alpha 2 B.V., 8.75% Cash, 9.50% PIK, Rule 144A, Senior Unsecured Notes (Callable 11/30/20 @ 101.00)^(9),(11)	(CCC, Caa2)	06/01/23		8.750		4,538,903
Electronics (0.1%)
	1,724	Entegris, Inc., Rule 144A, Company Guaranteed Notes (Callable 11/10/20 @ 103.47)⁽⁹⁾	(BB, Ba2)	02/10/26		4.625		1,773,565
Energy - Exploration & Production (0.3%)
	7,600	W&T Offshore, Inc., Rule 144A, Secured Notes (Callable 11/30/20 @ 104.88)⁽⁹⁾	(B, Caa3)	11/01/23		9.750		4,959,000
Gaming (0.1%)
	3,462	Golden Nugget, Inc., Rule 144A, Senior Unsecured Notes (Callable 11/30/20 @ 101.69)⁽⁹⁾	(CCC, Caa2)	10/15/24		6.750		2,935,845

See Accompanying Notes to Financial Statements.
20

Credit Suisse Floating Rate High Income Fund
Schedule of Investments (continued)
October 31, 2020

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
CORPORATE BONDS (continued)
Health Services (0.2%)
$	2,450	Radiology Partners, Inc., Rule 144A, Company Guaranteed Notes (Callable 02/01/23 @ 104.63)⁽⁹⁾	(CCC, Caa3)	02/01/28		9.250	$	2,617,776
	835	Valitas Health Services, Inc.^(4),(12)	(NR, NR)	02/26/22		0.000		762,481
								3,380,257
Insurance (0.1%)
	1,575	Alliant Holdings Co-Issuer, Rule 144A, Senior Secured Notes (Callable 10/15/23 @ 102.13)⁽⁹⁾	(B, B2)	10/15/27		4.250		1,566,140
	491	Alliant Holdings Co-Issuer, Rule 144A, Senior Unsecured Notes (Callable 10/15/22 @ 103.38)⁽⁹⁾	(CCC+, Caa2)	10/15/27		6.750		516,380
								2,082,520
Insurance Brokerage (0.2%)
	3,000	Acrisure Finance, Inc., Rule 144A, Senior Unsecured Notes (Callable 11/30/20 @ 103.50)⁽⁹⁾	(CCC+, Caa2)	11/15/25		7.000		3,010,875
Investments & Misc. Financial Services (0.3%)
	4,675	Compass Group Diversified Holdings LLC, Rule 144A, Senior Unsecured Notes (Callable 05/01/21 @ 104.00)⁽⁹⁾	(B, B1)	05/01/26		8.000		4,932,078
Media Content (0.1%)
	3,000	Diamond Sports Finance Co., Rule 144A, Senior Secured Notes (Callable 08/15/22 @ 102.69)⁽⁹⁾	(BB-, Ba3)	08/15/26		5.375		1,758,750
Metals & Mining - Excluding Steel (0.7%)
	13,320	Taseko Mines Ltd., Rule 144A, Senior Secured Notes (Callable 11/30/20 @ 102.19)⁽⁹⁾	(CCC+, Caa1)	06/15/22		8.750		12,867,320
Oil Field Equipment & Services (0.1%)
	146	Pioneer Energy Services Corp., PIK, Rule 144A, Senior Secured Notes (Callable 06/01/21 @ 104.00)^{(4),(9),(11),(12)}	(NR, NR)	05/15/25		11.000		113,590
	1,113	Pioneer Energy Services Corp., PIK, Rule 144A, Senior Unsecured Notes^{(4),(9),(11),(12)}	(NR, NR)	08/28/25		5.000		353,600
	7,000	Shelf Drilling Holdings Ltd., Rule 144A, Company Guaranteed Notes (Callable 02/15/21 @ 106.19)⁽⁹⁾	(CCC+, Caa2)	02/15/25		8.250		2,336,250
								2,803,440
Packaging (0.4%)
	7,275	TriMas Corp., Rule 144A, Company Guaranteed Notes (Callable 11/30/20 @ 102.44)⁽⁹⁾	(BB-, Ba3)	10/15/25		4.875		7,410,279

See Accompanying Notes to Financial Statements.
21

Credit Suisse Floating Rate High Income Fund
Schedule of Investments (continued)
October 31, 2020

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
CORPORATE BONDS (continued)
Pharmaceuticals (0.7%)
$	355	Bausch Health Americas, Inc., Rule 144A, Company Guaranteed Notes (Callable 04/01/22 @ 104.63)⁽⁹⁾	(B, B3)	04/01/26		9.250	$	391,849
	32	Bausch Health Cos., Inc., Rule 144A, Company Guaranteed Notes (Callable 11/30/20 @ 100.00)⁽⁹⁾	(B, B3)	05/15/23		5.875		31,945
	2,000	Bausch Health Cos., Inc., Rule 144A, Company Guaranteed Notes (Callable 02/15/24 @ 103.13)⁽⁹⁾	(B, B3)	02/15/29		6.250		2,064,000
	10,204	Owens & Minor, Inc., Global Senior Secured Notes (Callable 09/15/24 @ 100.00)	(B+, B2)	12/15/24		4.375		10,223,132
								12,710,926
Real Estate Investment Trusts (0.2%)
	4,634	Starwood Property Trust, Inc., Rule 144A, Senior Unsecured Notes (Callable 08/01/23 @ 100.00)⁽⁹⁾	(B+, Ba3)	11/01/23		5.500		4,598,272
Recreation & Travel (0.3%)
	1,296	Six Flags Entertainment Corp., Rule 144A, Company Guaranteed Notes (Callable 11/30/20 @ 102.44)⁽⁹⁾	(CCC, B3)	07/31/24		4.875		1,206,408
	1,500	Six Flags Entertainment Corp., Rule 144A, Company Guaranteed Notes (Callable 04/15/22 @ 102.75)^(9),(10)	(CCC, B3)	04/15/27		5.500		1,397,325
	2,500	Six Flags Theme Parks, Inc., Rule 144A, Senior Secured Notes (Callable 07/01/22 @ 103.50)⁽⁹⁾	(B, Ba2)	07/01/25		7.000		2,651,562
								5,255,295
Software - Services (0.3%)
	5,002	Solera Finance, Inc., Rule 144A, Senior Unsecured Notes (Callable 11/30/20 @ 105.25)⁽⁹⁾	(CCC+, Caa1)	03/01/24		10.500		5,199,679
Specialty Retail (0.0%)
	750	Penske Automotive Group, Inc., Company Guaranteed Notes (Callable 05/15/21 @ 102.75)	(B+, Ba3)	05/15/26		5.500		775,313
Support - Services (0.1%)
	2,565	Gems Education Delaware LLC, Rule 144A, Senior Secured Notes (Callable 07/31/22 @ 103.56)⁽⁹⁾	(B, B3)	07/31/26		7.125		2,542,556

See Accompanying Notes to Financial Statements.
22

Credit Suisse Floating Rate High Income Fund
Schedule of Investments (continued)
October 31, 2020

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
CORPORATE BONDS (continued)
Tech Hardware & Equipment (0.2%)
$	3,000	CommScope Technologies LLC, Rule 144A, Company Guaranteed Notes (Callable 03/15/22 @ 102.50)⁽⁹⁾	(CCC+, B3)	03/15/27		5.000	$	2,805,060
	1,850	CommScope, Inc., Rule 144A, Company Guaranteed Notes (Callable 03/01/22 @ 104.13)⁽⁹⁾	(CCC+, B3)	03/01/27		8.250		1,917,063
								4,722,123
Telecom - Wireline Integrated & Services (0.4%)
	4,000	Altice Financing S.A., Rule 144A, Senior Secured Notes (Callable 05/15/21 @ 103.75)⁽⁹⁾	(B, B2)	05/15/26		7.500		4,180,000
	7,000	GTT Communications, Inc., Rule 144A, Company Guaranteed Notes (Callable 11/30/20 @ 105.91)⁽⁹⁾	(CCC-, Caa2)	12/31/24		7.875		3,526,250
								7,706,250
Theaters & Entertainment (0.3%)
	2,973	AMC Entertainment Holdings, Inc., 10.00% Cash, 12.00% PIK, Rule 144A, Secured Notes (Callable 06/15/23 @ 106.00)^(9),(11)	(C, Ca)	06/15/26		12.000		193,245
	1,961	Technicolor S.A., Tranche 1 Notes⁽⁵⁾	(NR, NR)	06/30/24		12.000		2,450,261
	2,442	Technicolor S.A., Tranche 2 Notes⁽⁵⁾	(NR, NR)	06/30/24		12.000		3,050,682
								5,694,188
TOTAL CORPORATE BONDS (Cost $136,611,841)								122,059,323
ASSET BACKED SECURITIES (3.8%)
Collateralized Debt Obligations (3.8%)
	2,100	BlueMountain CLO Ltd., 2015-3A, Rule 144A, LIBOR 3M + 5.400%^(1),(9)	(B, NR)	04/20/31		5.618		1,586,828
	4,235	Capital Automotive LLC, 2017-1A, Rule 144A^(3),(9)	(A+, NR)	04/15/47		3.870		4,251,746
	2,557	Capital Automotive LLC, 2017-1A, Rule 144A^(3),(9)	(A+, NR)	04/15/47		4.180		2,565,934
	750	Carlyle Global Market Strategies CLO Ltd., 2014-3RA, Rule 144A, LIBOR 3M + 5.400%^(1),(9)	(B+, NR)	07/27/31		5.617		578,440
	2,000	Carlyle Global Market Strategies CLO Ltd., 2014-5A, Rule 144A, LIBOR 3M + 3.150%^(1),(9)	(BBB-, NR)	07/15/31		3.387		1,765,937
	1,850	Carlyle Global Market Strategies CLO Ltd., 2015-2A, Rule 144A, LIBOR 3M + 6.150%^(1),(2),(9)	(NR, B3)	04/27/27		6.367		1,350,123
	2,000	Carlyle U.S. CLO Ltd., 2017-2A, Rule 144A^(2),(3),(9)	(NR, NR)	07/20/31		0.000		719,848
	2,625	CIFC Funding Ltd., 2014-1A, Rule 144A, LIBOR 3M + 5.850%^(1),(9)	(B+, NR)	01/18/31		5.850		2,231,089
	4,000	Crown Point CLO IV Ltd., 2018-4A, Rule 144A, LIBOR 3M + 2.750%^(1),(9)	(NR, Baa3)	04/20/31		2.968		3,557,563
	3,500	Elevation CLO Ltd., 2014-2A, Rule 144A, LIBOR 3M + 3.200%^(1),(9)	(NR, Baa3)	10/15/29		3.437		3,101,170

See Accompanying Notes to Financial Statements.
23

Credit Suisse Floating Rate High Income Fund
Schedule of Investments (continued)
October 31, 2020

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%		Value
ASSET BACKED SECURITIES (continued)
Collateralized Debt Obligations
$	5,000	Galaxy XVIII CLO Ltd., 2018-28A, Rule 144A, LIBOR 3M + 3.000%^(1),(9)	(BBB-, NR)	07/15/31		3.237	$	4,496,386
	2,250	Greywolf CLO II Ltd., 2013-1A, Rule 144A, LIBOR 3M + 6.350%^(1),(9)	(B+, NR)	10/15/29		6.587		1,903,822
	2,000	Greywolf CLO III Ltd., 2020-3RA, Rule 144A, LIBOR 3M + 6.920%^(1),(9)	(BB-, NR)	04/15/33		7.136		1,781,044
	6,500	Greywolf CLO IV Ltd., 2019-1A, Rule 144A, LIBOR 3M + 2.950%^(1),(9)	(A, NR)	04/17/30		3.168		6,417,333
	1,000	Greywolf CLO IV Ltd., 2019-1A, Rule 144A, LIBOR 3M + 3.950%^(1),(9)	(BBB-, NR)	04/17/30		4.168		966,093
	6,000	Greywolf CLO V Ltd., 2015-1A, Rule 144A, LIBOR 3M + 2.000%^(1),(9)	(A, NR)	01/27/31		2.000		5,733,954
	3,950	Greywolf CLO V Ltd., 2015-1A, Rule 144A, LIBOR 3M + 3.000%^(1),(9)	(BBB-, NR)	01/27/31		3.000		3,561,856
	3,250	KKR Financial CLO Ltd., 2013-1A, Rule 144A, LIBOR 3M + 6.080%^(1),(9)	(NR, Ba3)	04/15/29		6.317		2,645,029
	2,250	Octagon Investment Partners 26 Ltd., 2016-1A, Rule 144A, LIBOR 3M + 2.850%^(1),(9)	(BBB-, NR)	07/15/30		3.087		2,011,600
	3,500	Shackleton CLO Ltd., 2014-6RA, Rule 144A, LIBOR 3M + 2.970%^(1),(9)	(NR, Baa3)	07/17/28		3.188		3,276,462
	3,000	Venture CLO Ltd., 2017-28AA, Rule 144A, LIBOR 3M + 2.400%^(1),(9)	(NR, A2)	10/20/29		2.618		2,842,692
	1,250	Venture CLO Ltd., 2018-31A, Rule 144A, LIBOR 3M + 2.820%^(1),(9)	(NR, Baa3)	04/20/31		3.038		1,046,811
	3,000	Venture CLO Ltd., 2018-35A, Rule 144A, LIBOR 3M + 3.500%^(1),(9)	(NR, Ba1)	10/22/31		3.716		2,576,081
	3,000	Venture XIII CLO Ltd., 2013-13A, Rule 144A, LIBOR 3M + 3.300%^(1),(9)	(NR, Baa2)	09/10/29		3.300		2,640,099
	2,150	Vibrant CLO V Ltd., 2016-5A, Rule 144A, LIBOR 3M + 7.000%^(1),(9)	(NR, B1)	01/20/29		7.218		1,502,945
	1,500	Vibrant CLO VI Ltd., 2017-6A, Rule 144A, LIBOR 3M + 5.750%^(1),(9)	(NR, B1)	06/20/29		5.977		1,113,223
	3,000	Voya CLO Ltd., 2014-4A, Rule 144A, LIBOR 3M + 3.350%^(1),(9)	(BBB-, NR)	07/14/31		3.579		2,612,821
	3,000	Voya CLO Ltd., 2017-1A, Rule 144A^{(1),(2),(9),(13)}	(NR, NR)	04/17/30		0.000		1,041,738
	1,459	Wendy's Funding LLC, 2018-1A, Rule 144A⁽⁹⁾	(BBB, NR)	03/15/48		3.573		1,502,312
TOTAL ASSET BACKED SECURITIES (Cost $81,921,429)								71,380,979
Number of Shares
COMMON STOCKS (0.6%)
Auto Parts & Equipment (0.1%)
	151,253	Jason Group, Inc.^{(4),(12),(14)}						756,265
	134,659	Remainco LLC^{(4),(12),(14)}						1,322,351
								2,078,616

See Accompanying Notes to Financial Statements.
24

Credit Suisse Floating Rate High Income Fund
Schedule of Investments (continued)
October 31, 2020

Number of Shares			Value
COMMON STOCKS (continued)
Building & Construction (0.0%)
	6	White Forest Resources, Inc.^{(2),(4),(12),(14)}	$	—
Chemicals (0.1%)
	9,785	Huntsman Corp.^(2),(14)		237,678
	31,756	Project Investor Holdings LLC^{(2),(4),(12),(14)}		317
	529,264	Proppants Holdings LLC^{(2),(4),(12),(14)}		576,898
				814,893
Energy - Exploration & Production (0.0%)
	872,375	PES Energy, Inc.^(2),(14)		8,724
Machinery (0.0%)
	3,585,446	Doncasters U.S. Finance LLC^{(4),(8),(12),(14)}		—
Oil Field Equipment & Services (0.0%)
	12,409	Pioneer Energy Services Corp.^{(4),(12),(14)}		9,307
Pharmaceuticals (0.1%)
	156,133	Akorn Holding Company LLC		1,717,463
Private Placement (0.2%)
	210,737	Technicolor S.A. warrants, expires 12/11/20⁽¹⁵⁾		299,015
	2,513,162	Technicolor S.A. EUR 27.0⁽¹⁵⁾		3,595,210
				3,894,225
Software - Services (0.1%)
	12,594	SkillSoft Corp.		2,140,980
Support - Services (0.0%)
	779	Sprint Industrial Holdings LLC, Class G^{(2),(4),(12),(14)}		—
	71	Sprint Industrial Holdings LLC, Class H^{(2),(4),(12),(14)}		—
	172	Sprint Industrial Holdings LLC, Class I^{(2),(4),(12),(14)}		2
				2
Theaters & Entertainment (0.0%)
	45	NEG Holdings LLC, Litigation Trust Units^{(2),(4),(12),(14)}		—
TOTAL COMMON STOCKS (Cost $24,954,526)				10,664,210
WARRANT (0.0%)
Chemicals (0.0%)
	132,316	Project Investor Holdings LLC, expires 02/20/2022^{(2),(4),(12),(14)} (Cost $68,805)		—
SHORT-TERM INVESTMENTS (0.2%)
	4,631,212	State Street Navigator Securities Lending Government Money Market Portfolio 0.09%⁽¹⁶⁾ (Cost $4,631,212)		4,631,212
TOTAL INVESTMENTS AT VALUE (95.1%) (Cost $1,977,744,010)				1,811,163,728
OTHER ASSETS IN EXCESS OF LIABILITIES (4.9%)				93,971,141
NET ASSETS (100.0%)			$	1,905,134,869

See Accompanying Notes to Financial Statements.
25

Credit Suisse Floating Rate High Income Fund
Schedule of Investments (continued)
October 31, 2020

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

⁽¹⁾Variable rate obligation — The interest rate shown is the rate in effect as of October 31, 2020.

⁽²⁾Illiquid security (unaudited).

⁽³⁾The rates on certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. The interest rate shown is the rate in effect as of October 31, 2020.

⁽⁴⁾Security is valued using significant unobservable inputs.

⁽⁵⁾This security is denominated in Euro.

⁽⁶⁾All or a portion is an unfunded loan commitment (See note 2-I).

⁽⁷⁾Bond is currently in default.

⁽⁸⁾This security is denominated in British Pound.

⁽⁹⁾Security exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At October 31, 2020, these securities amounted to a value of $176,178,433 or 9.2% of net assets.

⁽¹⁰⁾Security or portion thereof is out on loan (See note 2-J).

⁽¹¹⁾PIK: Payment-in-kind security for which part of the income earned may be paid as additional principal.

⁽¹²⁾Not readily marketable security; security is valued at fair value as determined in good faith by, or under the direction of, the Board of Trustees.

⁽¹³⁾Zero coupon security.

⁽¹⁴⁾Non-income producing security.

⁽¹⁵⁾ Security is held through holdings of 100 shares of the CIG Special Purpose SPC — Credit Suisse Floating Rate High Income Fund Segregated Portfolio, an affiliated entity.

⁽¹⁶⁾Represents security purchased with cash collateral received for securities on loan. The rate shown is the annualized one-day yield at October 31, 2020.

INVESTMENT ABBREVIATIONS

1M = 1 Month

2M = 2 Month

3M = 3 Month

6M = 6 Month

12M = 12 Month

EURIBOR = Euro Interbank Offered Rate

LIBOR = London Interbank Offered Rate

NR = Not Rated

Sarl - société à responsabilité limitée

See Accompanying Notes to Financial Statements.
26

Credit Suisse Floating Rate High Income Fund
Schedule of Investments (continued)
October 31, 2020

Forward Foreign Currency Contracts

Forward Currency to be Purchased (Local)		Forward Currency to be Sold (Local)		Expiration Date	Counterparty	Value on Settlement Date			Current Value/ Notional			Net Unrealized Appreciation (Depreciation)
USD	123,658,204	EUR	104,363,924	10/13/21	Morgan Stanley	$	(123,658,204	)	$	(122,548,729	)	$	1,109,475
USD	1,202,907	EUR	1,018,063	10/13/21	Deutsche Bank AG		(1,202,907	)		(1,195,454	)		7,453
USD	28,349,412	GBP	21,912,962	10/13/21	Deutsche Bank AG		(28,349,412	)		(28,389,360	)		(39,948	)
												$	1,076,980

Currency Abbreviations:

EUR = Euro

GBP = British Pound

USD = United States Dollar

See Accompanying Notes to Financial Statements.
27

Credit Suisse Floating Rate High Income Fund
Statement of Assets and Liabilities
October 31, 2020

*Assets*
Investments at value, including collateral for securities on loan of $4,631,212 (Cost $1,977,744,010) (Note 2)	$	1,811,163,728¹
Cash		120,994,602
Foreign currency at value (Cost $877,572)		868,979
Receivable for investments sold		40,640,894
Interest receivable		10,122,773
Receivable for Fund shares sold		1,735,487
Unrealized appreciation on forward foreign currency contracts (Note 2)		1,116,928
Prepaid expenses and other assets		109,577
Total assets		1,986,752,968
*Liabilities*
Investment advisory fee payable (Note 3)		1,033,390
Administrative services fee payable (Note 3)		170,633
Shareholder servicing/Distribution fee payable (Note 3)		81,713
Payable for investments purchased		71,370,513
Payable upon return of securities loaned (Note 2)		4,631,212
Payable for Fund shares redeemed		2,124,135
Dividend payable		1,140,782
Unfunded loan commitments (Note 2)		227,273
Unrealized depreciation on forward foreign currency contracts (Note 2)		39,948
Trustees' fee payable		20,523
Accrued expenses		777,977
Total liabilities		81,618,099
*Net Assets*
Capital stock, $.001 par value (Note 6)		301,841
Paid-in capital (Note 6)		2,163,284,729
Total distributable earnings (loss)		(258,451,701	)
Net assets	$	1,905,134,869
*I Shares*
Net assets	$	1,699,373,422
Shares outstanding		269,417,589
Net asset value, offering price and redemption price per share	$	6.31
*A Shares*
Net assets	$	146,802,854
Shares outstanding		23,153,254
Net asset value and redemption price per share	$	6.34
Maximum offering price per share (net asset value/(1-4.75%))	$	6.66
*C Shares*
Net assets	$	58,958,593
Shares outstanding		9,269,776
Net asset value and offering price per share	$	6.36

¹Includes $4,547,767 of securities on loan.

See Accompanying Notes to Financial Statements.
28

Credit Suisse Floating Rate High Income Fund
Statement of Operations
For the Year Ended October 31, 2020

*Investment Income*
Interest	$	107,620,178
Dividends		90,316
Other		132,993
Securities lending (net of rebates)		46,151
Total investment income		107,889,638
*Expenses*
Investment advisory fees (Note 3)		11,780,271
Administrative services fees (Note 3)		316,186
Shareholder servicing/Distribution fees (Note 3)
Class A		405,565
Class C		713,152
Transfer agent fees (Note 3)		1,924,168
Commitment fees (Note 4)		711,543
Custodian fees		364,322
Registration fees		105,190
Insurance expense		94,260
Trustees' fees		64,798
Audit and tax fees		60,719
Printing fees		55,153
Legal fees		25,095
Miscellaneous expense		45,350
Total expenses		16,665,772
Less: fees waived (Note 3)		(1,807,750	)
Net expenses		14,858,022
Net investment income		93,031,616
*Net Realized and Unrealized Gain (Loss) from Investments, Foreign Currency and* *Forward Foreign Currency Contracts*
Net realized loss from investments		(60,356,791	)
Net realized gain from foreign currency transactions		324,573
Net realized loss from forward foreign currency contracts		(6,472,171	)
Net change in unrealized appreciation (depreciation) from investments		(36,008,681	)
Net change in unrealized appreciation (depreciation) from foreign currency translations		(115,194	)
Net change in unrealized appreciation (depreciation) from forward foreign currency contracts		4,746,605
Net realized and unrealized loss from investments, foreign currency and forward foreign currency contracts		(97,881,659	)
Net decrease in net assets resulting from operations	$	(4,850,043	)

See Accompanying Notes to Financial Statements.
29

Credit Suisse Floating Rate High Income Fund
Statements of Changes in Net Assets

	For the Year Ended October 31, 2020			For the Year Ended October 31, 2019
*From Operations*
Net investment income	$	93,031,616		$	151,749,581
Net realized loss from investments, foreign currency transactions and forward foreign currency contracts		(66,504,389	)		(17,354,588	)
Net change in unrealized appreciation (depreciation) from investments, foreign currency translations and forward foreign currency contracts		(31,377,270	)		(108,844,997	)
Net increase (decrease) in net assets resulting from operations		(4,850,043	)		25,549,996
*From Distributions*
From distributable earnings
Class I		(82,928,381	)		(136,066,401	)
Class A		(7,380,308	)		(11,431,407	)
Class C		(2,732,307	)		(4,317,758	)
Net decrease in net assets resulting from distributions		(93,040,996	)		(151,815,566	)
*From Capital Share Transactions (Note 6)*
Proceeds from sale of shares		719,070,271			829,774,372
Reinvestment of dividends		78,676,976			129,983,502
Net asset value of shares redeemed		(1,281,035,675	)		(2,458,533,098	)
Net decrease in net assets from capital share transactions		(483,288,428	)		(1,498,775,224	)
Net decrease in net assets		(581,179,467	)		(1,625,040,794	)
*Net Assets*
Beginning of year		2,486,314,336			4,111,355,130
End of year	$	1,905,134,869		$	2,486,314,336

See Accompanying Notes to Financial Statements.
30

Credit Suisse Floating Rate High Income Fund
Financial Highlights
(For a Class I Share of the Fund Outstanding Throughout Each Year)

	For the Year Ended October 31,
	2020			2019			2018			2017			2016
Per share data
Net asset value, beginning of year	$	6.56		$	6.81¹		$	6.87		$	6.77		$	6.72
*INVESTMENT OPERATIONS*
Net investment income²		0.30			0.35			0.29			0.28			0.32
Net gain (loss) from investments, foreign currency transactions and forward foreign currency contracts (both realized and unrealized)		(0.25	)		(0.25	)		(0.06	)		0.10			0.05
Total from investment operations		0.05			0.10			0.23			0.38			0.37
*LESS DIVIDENDS AND DISTRIBUTIONS*
Dividends from net investment income		(0.30	)		(0.35	)		(0.29	)		(0.27	)		(0.31	)
Return of capital		—			—			—			(0.01	)		(0.01	)
Total dividends and distributions		(0.30	)		(0.35	)		(0.29	)		(0.28	)		(0.32	)
*Net asset value, end of year*	$	6.31		$	6.56		$	6.81¹		$	6.87		$	6.77
Total return³		0.92	%		1.47	%		3.45	%		5.75	%		5.79	%
*RATIOS AND SUPPLEMENTAL DATA*
Net assets, end of year (000s omitted)	$	1,699,373		$	2,199,606		$	3,704,519		$	3,236,360		$	2,438,027
Ratio of net expenses to average net assets		0.70	%		0.70	%		0.70	%		0.70	%		0.70	%
Ratio of net investment income to average net assets		4.80	%		5.18	%		4.29	%		4.12	%		4.87	%
Decrease reflected in above operating expense ratios due to waivers/reimbursements		0.09	%		0.08	%		0.06	%		0.07	%		0.11	%
Portfolio turnover rate⁴		30	%		23	%		45	%		64	%		48	%

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

⁴ Portfolio turnover is calculated by dividing the lesser of total purchases or sales of portfolio securities for the reporting period by the monthly average of portfolio securities owned during the reporting period. Excluded from both the numerator and denominator are amounts relating to derivatives and securities whose maturities or expiration dates at the time of acquisition were one year or less.

See Accompanying Notes to Financial Statements.
31

Credit Suisse Floating Rate High Income Fund
Financial Highlights
(For a Class A Share of the Fund Outstanding Throughout Each Year)

	For the Year Ended October 31,
	2020			2019			2018			2017			2016
Per share data
Net asset value, beginning of year	$	6.59		$	6.84¹		$	6.90		$	6.80		$	6.75
*INVESTMENT OPERATIONS*
Net investment income²		0.29			0.33			0.28			0.27			0.31
Net gain (loss) from investments, foreign currency transactions and forward foreign currency contracts (both realized and unrealized)		(0.25	)		(0.25	)		(0.06	)		0.10			0.05
Total from investment operations		0.04			0.08			0.22			0.37			0.36
*LESS DIVIDENDS AND DISTRIBUTIONS*
Dividends from net investment income		(0.29	)		(0.33	)		(0.28	)		(0.26	)		(0.30	)
Return of capital		—			—			—			(0.01	)		(0.01	)
Total dividends and distributions		(0.29	)		(0.33	)		(0.28	)		(0.27	)		(0.31	)
*Net asset value, end of year*	$	6.34		$	6.59		$	6.84¹		$	6.90		$	6.80
Total return³		0.70	%		1.23	%		3.20	%		5.48	%		5.52	%
*RATIOS AND SUPPLEMENTAL DATA*
Net assets, end of year (000s omitted)	$	146,803		$	199,328		$	289,959		$	284,456		$	227,399
Ratio of net expenses to average net assets		0.95	%		0.95	%		0.95	%		0.95	%		0.95	%
Ratio of net investment income to average net assets		4.54	%		4.93	%		4.03	%		3.87	%		4.63	%
Decrease reflected in above operating expense ratios due to waivers/reimbursements		0.09	%		0.08	%		0.06	%		0.07	%		0.11	%
Portfolio turnover rate⁴		30	%		23	%		45	%		64	%		48	%

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

⁴ Portfolio turnover is calculated by dividing the lesser of total purchases or sales of portfolio securities for the reporting period by the monthly average of portfolio securities owned during the reporting period. Excluded from both the numerator and denominator are amounts relating to derivatives and securities whose maturities or expiration dates at the time of acquisition were one year or less.

See Accompanying Notes to Financial Statements.
32

Credit Suisse Floating Rate High Income Fund
Financial Highlights
(For a Class C Share of the Fund Outstanding Throughout Each Year)

	For the Year Ended October 31,
	2020			2019			2018			2017			2016
Per share data
Net asset value, beginning of year	$	6.61		$	6.87¹		$	6.92		$	6.82		$	6.77
*INVESTMENT OPERATIONS*
Net investment income²		0.24			0.28			0.23			0.22			0.26
Net gain (loss) from investments, foreign currency transactions and forward foreign currency contracts (both realized and unrealized)		(0.25	)		(0.26	)		(0.05	)		0.10			0.05
Total from investment operations		(0.01	)		0.02			0.18			0.32			0.31
*LESS DIVIDENDS AND DISTRIBUTIONS*
Dividends from net investment income		(0.24	)		(0.28	)		(0.23	)		(0.21	)		(0.25	)
Return of capital		—			—			—			(0.01	)		(0.01	)
Total dividends and distributions		(0.24	)		(0.28	)		(0.23	)		(0.22	)		(0.26	)
*Net asset value, end of year*	$	6.36		$	6.61		$	6.87¹		$	6.92		$	6.82
Total return³		(0.05	)%		0.34	%		2.58	%		4.69	%		4.73	%
*RATIOS AND SUPPLEMENTAL DATA*
Net assets, end of year (000s omitted)	$	58,959		$	87,380		$	116,877		$	118,654		$	114,343
Ratio of net expenses to average net assets		1.70	%		1.70	%		1.70	%		1.70	%		1.70	%
Ratio of net investment income to average net assets		3.83	%		4.19	%		3.28	%		3.13	%		3.89	%
Decrease reflected in above operating expense ratios due to waivers/reimbursements		0.09	%		0.08	%		0.06	%		0.07	%		0.11	%
Portfolio turnover rate⁴		30	%		23	%		45	%		64	%		48	%

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

⁴ Portfolio turnover is calculated by dividing the lesser of total purchases or sales of portfolio securities for the reporting period by the monthly average of portfolio securities owned during the reporting period. Excluded from both the numerator and denominator are amounts relating to derivatives and securities whose maturities or expiration dates at the time of acquisition were one year or less.

See Accompanying Notes to Financial Statements.
33

Credit Suisse Floating Rate High Income Fund
Notes to Financial Statements
October 31, 2020

Note 1. Organization

Credit Suisse Floating Rate High Income Fund (the "Fund"), a series of Credit Suisse Opportunity Funds (the "Trust"), a Delaware statutory trust, is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as a diversified open-end management investment company that seeks to provide a high level of current income and, secondarily, capital appreciation. The Trust was organized under the laws of the State of Delaware as a business trust on May 31, 1995.

The Fund offers three classes of shares: Class I shares, Class A shares and Class C shares. Each class of shares represents an equal pro rata interest in the Fund, except the share classes bear different expenses. Class A shares are sold subject to a front-end sales charge of up to 4.75%. Class C shares are sold subject to a CDSC of 1.00% if the shares are redeemed within the first year of purchase. Class I shares are sold without a sales charge. Effective February 20, 2020, Class C shares, upon the ten year anniversary of purchase will convert to Class A shares.

Note 2. Significant Accounting Policies

The following is a summary of significant accounting policies followed by the Fund in the preparation of its financial statements. The policies are in accordance with generally accepted accounting principles in the United States of America ("GAAP"). The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts and disclosures in the financial statements. Actual results could differ from those estimates. The Fund is considered an investment company for financial reporting purposes under GAAP and follows the accounting and reporting guidance in Financial Accounting Standards Board ("FASB") Accounting Standard Codification ("ASC") Topic 946 — Financial Services — Investment Companies.

Credit Suisse Floating Rate High Income Fund
Notes to Financial Statements (continued)
October 31, 2020

Note 2. Significant Accounting Policies (continued)

limited to, corporate, government, municipal, mortgage-backed, collateralized mortgage obligations and asset-backed securities) and certain derivative instruments are typically the prices supplied by independent third party pricing services, which may use market prices or broker/dealer quotations or a variety of valuation techniques and methodologies. The independent third party pricing services use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar securities. These pricing services generally price fixed income securities assuming orderly transactions of an institutional "round lot" size, but some trades occur in smaller "odd lot" sizes which may be effected at lower prices than institutional round lot trades. Structured note agreements are valued in accordance with a dealer-supplied valuation based on changes in the value of the underlying index. Futures contracts are valued daily at the settlement price established by the board of trade or exchange on which they are traded. Forward contracts are valued at the London closing spot rates and the London closing forward point rates on a daily basis. The currency forward contract pricing model derives the differential in point rates to the expiration date of the forward and calculates its present value. Equity securities for which market quotations are available are valued at the last reported sales price or official closing price on the primary market or exchange on which they trade. The Fund may utilize a service provided by an independent third party which has been approved by the Board to fair value certain securities. When fair value pricing is employed, the prices of securities used by the Fund to calculate its net asset value may differ from quoted or published prices for the same securities. If independent third party pricing services are unable to supply prices for a portfolio investment, or if the prices supplied are deemed by the investment adviser to be unreliable, the market price may be determined by the investment adviser using quotations from one or more brokers/dealers or at the transaction price if the security has recently been purchased and no value has yet been obtained from a pricing service or pricing broker. When reliable prices are not readily available, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the Fund calculates its net asset value, these securities will be fair valued in good faith by the Pricing Committee, in accordance with procedures adopted by the Board.

Credit Suisse Floating Rate High Income Fund
Notes to Financial Statements (continued)
October 31, 2020

Note 2. Significant Accounting Policies (continued)

other relevant information generated by market transactions involving identical or comparable securities. The income approach uses valuation techniques to discount estimated future cash flows to present value.

• Level 1 – quoted prices in active markets for identical investments

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

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

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

The following is a summary of the inputs used as of October 31, 2020 in valuing the Fund's assets and liabilities carried at fair value:

Assets	Level 1		Level 2		Level 3			Total
Investments in Securities
Bank Loans	$	—	$	1,418,945,475	$	183,482,529		$	1,602,428,004
Corporate Bonds		—		120,829,652		1,229,671			122,059,323
Asset Backed Securities		—		71,380,979		—			71,380,979
Common Stocks		7,990,346		8,724		2,665,140			10,664,210
Warrants		—		—		0	⁽¹⁾		0	⁽¹⁾
Short-term Investments		—		4,631,212		—			4,631,212
	$	7,990,346	$	1,615,796,042	$	187,377,340		$	1,811,163,728
Other Financial Instruments*
Forward Foreign Currency Contracts	$	—	$	1,116,928	$	—		$	1,116,928
Liabilities	Level 1		Level 2		Level 3			Total
Other Financial Instruments*
Forward Foreign Currency Contracts	$	—	$	39,948	$	—		$	39,948

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

⁽¹⁾Includes zero valued securities.

Credit Suisse Floating Rate High Income Fund
Notes to Financial Statements (continued)
October 31, 2020

Note 2. Significant Accounting Policies (continued)

	Bank Loans			Corporate Bonds			Common Stocks			Warrants			Total
Balance as of October 31, 2019	$	207,914,608		$	0	⁽¹⁾	$	7,879,856		$	0	⁽¹⁾	$	215,794,464
Accrued discounts (premiums)		401,402			20,747			—			—			422,149
Purchases		78,843,185			8,296,714			8,815,527			—			95,955,426
Sales		(67,783,949	)		(5,515,023	)		(6,629,317	)		—			(79,928,289	)
Realized gain (loss)		(8,575,983	)		(1,081,480	)		(3,849,375	)		—			(13,506,838	)
Change in unrealized appreciation (depreciation)		(556,526	)		(491,287	)		(3,551,551	)		—			(4,599,364	)
Transfers into Level 3		59,180,858			—			—			—			59,180,858
Transfers out of Level 3		(85,941,066	)		—			—			—			(85,941,066	)
Balance as of October 31, 2020	$	183,482,529		$	1,229,671		$	2,665,140		$	0	⁽¹⁾	$	187,377,340
Net change in unrealized appreciation (depreciation) from investments still held as of October 31,2020	$	(4,706,200	)	$	(491,287	)	$	(6,582,588	)	$	—		$	(11,780,075	)

⁽¹⁾ Includes zero valued securities

Quantitative Disclosure About Significant Unobservable Inputs

Asset Class

Fair Value
At 10/31/2020

Valuation
Technique

Unobservable
Input

Range
(Weighted Average)*

Bank Loans

183,482,529

Vendor pricing

Single Broker Quote

$0.09 – $1.16 ($0.95)

Common Stocks

1,322,353

Income Approach

Expected Remaining
Distribution

$0.01 – $9.82 ($9.82)

586,522

Market Approach

EBITDA Multiples

3.1 – 6.2 (6.2)

756,265

Vendor pricing

Single Broker Quote

$5.00 (N/A)

Corporate Bonds

762,481

Income Approach

Expected Remaining
Distribution

$0.91 (N/A)

467,190

Market Approach

EBITDA Multiples

5.7 (N/A)

Warrants

Market Approach

EBITDA Multiples

6.2 (N/A)

* Weighted by relative fair value

Credit Suisse Floating Rate High Income Fund
Notes to Financial Statements (continued)
October 31, 2020

Note 2. Significant Accounting Policies (continued)

is based on models or inputs that are less observable or unobservable in the market, determining fair value requires more judgment. Because of the inherent uncertainty of valuation, those estimated values may be materially higher or lower than the values that would have been used had a ready market for the investments existed. Accordingly, the degree of judgment exercised by the Fund in determining fair value is greatest for investments categorized in Level 3. In some circumstances, the inputs used to measure fair value might be categorized within different levels of the fair value hierarchy. In those instances, the fair value measurement is categorized in its entirety in the fair value hierarchy based on the least observable input that is significant to the fair value measurement. Additionally, changes in the market environment and other events that may occur over the life of the investments may cause the gains or losses ultimately realized on these investments to be different from the valuations used at the date of these financial statements.

For the year ended October 31, 2020, $59,180,858 was transferred from Level 2 to Level 3 due to a lack of pricing source supported by observable inputs and $85,941,066 was transferred from Level 3 to Level 2 as a result of the availability of a pricing source supported by observable inputs. All transfers, if any, are assumed to occur at the end of the reporting period.

Primary Underlying Risk				Derivative Assets				Derivative Liabilities				Realized Gain (Loss)				Change in Unrealized Appreciation (Depreciation)
Foreign currency exchange rate Forward contracts				$	1,116,928			$	39,948			$	(6,472,171	)		$	4,746,605

Credit Suisse Floating Rate High Income Fund
Notes to Financial Statements (continued)
October 31, 2020

Note 2. Significant Accounting Policies (continued)

For the year ended October 31, 2020, the Fund held an average monthly value on a net basis of $211,601,916 in forward foreign currency contracts.

The Fund is a party to International Swap and Derivatives Association, Inc. ("ISDA") Master Agreements ("Master Agreements") with certain counterparties that govern over-the-counter derivative (including Total Return, Credit Default and Interest Rate Swaps) and foreign exchange contracts entered into by the Fund. The Master Agreements may contain provisions regarding, among other things, the parties' general obligations, representations, agreements, collateral requirements, events of default and early termination. Termination events applicable to the Fund may occur upon a decline in the Fund's net assets below a specified threshold over a certain period of time.

The following table presents by counterparty the Fund's derivative assets, net of related collateral held by the Fund, at October 31, 2020:

Counterparty	Gross Amount of Derivative Assets Presented in the Consolidated Statement of Assets and Liabilities^(a)		Financial Instruments and Derivatives Available for Offset			Non-Cash Collateral Received		Cash Collateral Received^(b)		Net Amount of Derivative Assets
Deutsche Bank	$	7,453	$	(7,453	)	$	—	$	—	$	—
Morgan Stanley		1,109,475		—			—		—		1,109,475
	$	1,116,928	$	(7,453	)	$	—	$	—	$	1,109,475

The following table presents by counterparty the Fund's derivative liabilities, net of related collateral pledged by the Fund, at October 31, 2020:

Counterparty				Gross Amount of Derivative Liabilities Presented in the Consolidated Statement of Assets and Liabilities^(a)				Financial Instruments and Derivatives Available for Offset				Non-Cash Collateral Pledged				Cash Collateral Pledged^(b)				Net Amount of Derivative Liabilities
Deutsche Bank				$	39,948			$	(7,453	)		$	—			$	—			$	32,495

^(a) Forward foreign currency contracts are included.

^(b) The actual collateral pledged may be more than the amounts shown.

C) FOREIGN CURRENCY TRANSACTIONS — The books and records of the Fund 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, including purchases and sales of investments, and income and expenses are translated into US dollar amounts on the date of those transactions.

Credit Suisse Floating Rate High Income Fund
Notes to Financial Statements (continued)
October 31, 2020

Note 2. Significant Accounting Policies (continued)

Reported net realized gain (loss) from foreign currency transactions arises from sales of foreign currencies; currency gains or losses realized between the trade and settlement dates on securities transactions; and the difference between the amounts of dividends, interest, and foreign withholding taxes recorded on the Fund's books and the U.S. dollar equivalent of the amounts actually received or paid. Net change in unrealized gains and losses on translation of assets and liabilities denominated in foreign currencies arises from changes in the fair values of assets and liabilities, other than investments at the end of the period, resulting from changes in exchange rates.

Credit Suisse Floating Rate High Income Fund
Notes to Financial Statements (continued)
October 31, 2020

Note 2. Significant Accounting Policies (continued)

The 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. The Fund has reviewed its current tax positions and has determined that no provision for income tax is required in the Fund's financial statements. The Fund's federal and state income and federal excise tax returns for tax years for which the applicable statutes of limitations have not expired are subject to examination by the Internal Revenue Service and state departments of revenue.

G) CASH — The Fund's uninvested cash balance is held in an interest bearing variable rate demand deposit account at State Street Bank and Trust Company ("SSB"), the Fund's custodian.

H) FORWARD FOREIGN CURRENCY CONTRACTS — A forward foreign currency exchange contract ("forward currency contract") is a commitment to purchase or sell a foreign currency at the settlement date at a negotiated rate. The Fund will enter into forward currency contracts primarily for hedging foreign currency risk. Forward currency contracts are valued at the prevailing forward exchange rate of the underlying currencies and unrealized gain/loss is recorded daily. On the settlement date of the forward currency contract, the Fund records a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value of the contract at the time it was closed. Certain risks may arise upon entering into forward currency

Credit Suisse Floating Rate High Income Fund
Notes to Financial Statements (continued)
October 31, 2020

Note 2. Significant Accounting Policies (continued)

contracts from the potential inability of counterparties to meet the terms of their contracts. The maximum counterparty credit risk to the Fund is measured by the unrealized gain on appreciated contracts. Additionally, when utilizing forward currency contracts to hedge, the Fund forgoes the opportunity to profit from favorable exchange rate movements during the term of the contract. The Fund's open forward currency contracts at October 31, 2020 are disclosed in the Schedule of Investments.

I) UNFUNDED LOAN COMMITMENTS — The Fund enters into certain agreements, all or a portion of which may be unfunded. The Fund is obligated to fund these loan commitments at the borrowers' discretion. Funded and unfunded portions of credit agreements are presented in the Schedule of Investments. As of October 31, 2020, unfunded commitments were as follows:

Borrower

Maturity

Rate

Unfunded
Commitment

Southern Veterinary Partners, LLC

10/01/27

0.500

227,273

J) SECURITIES LENDING — The initial collateral received by the Fund is required to have a value of at least 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). The collateral is maintained thereafter at a value equal to at least 102% of the current market value of the securities on loan. The market value of loaned securities is determined at the close of each business day of the Fund and any additional required collateral is delivered to the Fund, or excess collateral returned by the Fund, on the next business day. Cash collateral received by the Fund 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 Fund's 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. The remaining maturities of the securities lending transactions are considered overnight and continuous. Loans are subject to termination by the Fund or the borrower at any time.

Credit Suisse Floating Rate High Income Fund
Notes to Financial Statements (continued)
October 31, 2020

Note 2. Significant Accounting Policies (continued)

				Market Value of Loaned Securities				Market Value of Cash Collateral				Total Collateral
				$	4,547,767			$	4,631,212			$	4,631,212

The following table presents financial instruments that are subject to enforceable netting arrangements as of October 31, 2020.

Gross Amounts Not Offset in the Statement of Assets and Liabilities
Gross Asset Amounts Presented in Statement of Assets and Liabilities^(a)		Collateral Received^(b)			Net Amount (not less than $0)
$	4,547,767	$	(4,547,767	)	$	—

^(a) Represents market value of loaned securities at year end.

^(b) The actual collateral received is greater than the amount shown here due to collateral requirements of the security lending agreement.

The Fund's securities lending arrangement provides that the Fund and SSB will share the net income earned from securities lending activities. Securities lending income is accrued as earned. During the year ended October 31, 2020, total earnings from the Fund's investment in cash collateral received in connection with securities lending arrangements was $117,809, of which $56,282 was rebated to borrowers (brokers). The Fund retained $46,151 in income from the cash collateral investment, and SSB, as lending agent, was paid $15,376.

K) OTHER — The high yield, fixed income securities in which the Fund invests will primarily consist of senior secured floating rate loans ("Senior Loans") issued by non-investment grade companies. Senior Loans are typically secured by specific collateral of the issuer and hold the most senior position in the issuer's capital structure. The interest rate on Senior Loans is periodically adjusted to a recognized base rate, typically the London Interbank Offered Rate ("LIBOR"). While these characteristics may reduce interest rate risk and mitigate losses in the event of borrower default, the Senior Loans in which the Fund invests have below investment grade credit ratings and thereby are considered speculative because of the significant credit risk of their issuers.

In July 2017, the Financial Conduct Authority, the United Kingdom's financial regulatory body, announced a desire to phase out the use of LIBOR by the end of 2021.

Credit Suisse Floating Rate High Income Fund
Notes to Financial Statements (continued)
October 31, 2020

Note 2. Significant Accounting Policies (continued)

Lower-rated debt securities (commonly known as "junk bonds") possess speculative characteristics and are subject to greater market fluctuations and risk of lost income and principal than higher-rated debt securities for a variety of reasons. Also, during an economic downturn or substantial period of rising interest rates, highly leveraged issuers may experience financial stress which would adversely affect their ability to service their principal and interest payment obligations, to meet projected business goals and to obtain additional financing.

In addition, periods of economic uncertainty and changes can be expected to result in increased volatility of market prices of lower-rated debt securities and the Fund's net asset value.

L) NEW ACCOUNTING PRONOUNCEMENTS — In August 2018, the FASB issued Accounting Standards Update 2018-13, Fair Value Measurement

Credit Suisse Floating Rate High Income Fund
Notes to Financial Statements (continued)
October 31, 2020

Note 2. Significant Accounting Policies (continued)

(Topic 820): Disclosure Framework — Changes to the Disclosure Requirements for Fair Value Measurement ("ASU 2018-13"). The update provides guidance that eliminates, adds and modifies certain disclosure requirements for fair value measurements. ASU 2018-13 will be effective for annual periods beginning after December 15, 2019. Management is currently assessing the potential impact of these changes to future financial statements.

The Fund is subject to Accounting Standards Update (ASU) 2017-08, Premium Amortization on Purchased Callable Debt Securities, which shortens the premium amortization period for purchased callable debt securities with noncontingent call features to the earliest call date. The Fund applied the standard on a retrospective basis, as allowed under the standard, beginning with the fiscal year ended October 31, 2019. The identified cost basis of the applicable securities at October 31, 2019 has been adjusted from $2,526,429,454 to $2,525,942,808. This change had no impact on total distributable earnings (loss) or the net asset value of the Fund.

Note 3. Transactions with Affiliates and Related Parties

Credit Suisse serves as investment adviser and co-administrator for the Fund. For its investment advisory and administration services, Credit Suisse is entitled to receive a fee from the Fund at an annual rate of 0.79% of the Fund's average daily net assets less than or equal to $100 million and 0.59% of the Fund's average daily net assets greater than $100 million. For the year ended October 31, 2020, investment advisory and administration fees earned and waived by Credit Suisse were $11,780,271 and $1,807,750, respectively.

Credit Suisse Floating Rate High Income Fund
Notes to Financial Statements (continued)
October 31, 2020

Note 3. Transactions with Affiliates and Related Parties (continued)

Effective April 22, 2019, Credit Suisse has contractually agreed to limit expenses so that the Fund's annual operating expenses do not exceed 0.70% of the Fund's average daily net assets for Class I shares, 0.95% of the Fund's average daily net assets for Class A shares and 1.70% of the Fund's average daily net assets for Class C shares. The Fund is authorized to reimburse Credit Suisse for management fees previously limited and/or for expenses previously reimbursed by Credit Suisse, provided, however, that any reimbursements must be paid at a date not more than thirty-six months following the applicable month during which such fees were limited or expenses were reimbursed by Credit Suisse and the reimbursements do not cause the Fund to exceed the applicable expense limitation at the time the fees are recouped. This contract may not be terminated before February 28, 2022. Prior to April 22, 2019, these expense limitations were voluntary.

The amounts waived and reimbursed by Credit Suisse, which are available for potential future recoupment by Credit Suisse, and the expiration schedule at October 31, 2020 are as follows:

	Fee waivers/ expense reimbursements subject to recoupment		Expires October 31, 2022		Expires October 31, 2023
Class I	$	2,555,395	$	962,994	$	1,592,401
Class A		235,314		85,810		149,504
Class C		104,385		38,540		65,845
Totals	$	2,895,094	$	1,087,344	$	1,807,750

For its co-administrative services, SSB receives a fee, exclusive of out-of-pocket expenses, calculated in total for all the Credit Suisse funds/portfolios co-administered by SSB and allocated based upon the relative average net assets of each fund/portfolio, subject to an annual minimum fee. For the year ended October 31, 2020, co-administrative services fees earned by SSB (including out-of-pocket expenses) with respect to the Fund were $316,186.

Credit Suisse Securities (USA) LLC ("CSSU"), an affiliate of Credit Suisse, serves as the distributor of the Fund's shares. Pursuant to a distribution plan adopted by the Fund pursuant to Rule 12b-1 under the 1940 Act, CSSU receives fees for its distribution services. These fees are calculated at an annual rate of 0.25% of the average daily net assets of the Class A shares. For the Class C shares, the fee is calculated at an annual rate of 1.00% of the average daily net assets. For the year ended October 31, 2020, the Fund paid Rule 12b-1 distribution fees of $405,565 for Class A shares and $713,152 for Class C shares. Class I shares are not subject to Rule 12b-1 distribution fees.

Credit Suisse Floating Rate High Income Fund
Notes to Financial Statements (continued)
October 31, 2020

Note 3. Transactions with Affiliates and Related Parties (continued)

Certain brokers, dealers and financial representatives provide transfer agent-related services to the Fund and receive compensation from the Fund. For the year ended October 31, 2020, the Fund paid $1,533,293, which is included within transfer agent fees.

For the year ended October 31, 2020, CSSU and its affiliates advised the Fund that they retained $12,197 from commissions earned on the sale of the Fund's Class A shares. There were no commissions earned on sale of Class C shares.

Note 4. Line of Credit

The Fund, together with other funds/portfolios advised by Credit Suisse (collectively, the "Participating Funds"), participates in a committed, unsecured line of credit facility ("Credit Facility"), with SSB in an aggregated amount of $250 million for temporary or emergency purposes on a first-come, first-served basis. Under the terms of the Credit Facility, the Participating Funds pay an aggregate commitment fee on the average unused amount of the Credit Facility, which is allocated among the Participating Funds in such manner as is determined by the governing Boards of the Participating Funds. In addition, the Participating Funds pay interest on borrowings at either the Overnight Federal Funds rate or the Overnight LIBOR rate plus a spread. At October 31, 2020 and during the year ended October 31, 2020, the Fund had no borrowings outstanding under the Credit Facility. Additionally, the Fund is party to a joint uncommitted line of credit facility with SSB. For the year ended October 31, 2020, the line was not drawn upon and no fees were incurred.

Note 5. Purchases and Sales of Securities

For the year ended October 31, 2020, purchases and sales of investment securities (excluding short-term investments) and U.S. Government and Agency Obligations were as follows:

Investment Securities				U.S. Government/ Agency Obligations
Purchases		Sales		Purchases		Sales
$	570,762,357	$	1,064,385,750	$	0	$	0

Credit Suisse Floating Rate High Income Fund
Notes to Financial Statements (continued)
October 31, 2020

Note 6. Capital Share Transactions

The Fund is authorized to issue an unlimited number of full and fractional shares of beneficial interest, $.001 par value per share. The Fund offers Class I, Class A, and Class C shares. Transactions in capital shares for each class of the Fund were as follows:

	Class I
	For the Year Ended October 31, 2020						For the Year Ended October 31, 2019
	Shares			Value			Shares			Value
Shares sold		105,357,409		$	654,408,113			113,941,985		$	759,934,587
Shares issued in reinvestment of dividends		11,199,651			70,211,111			17,578,160			116,970,877
Shares redeemed		(182,534,553	)		(1,137,880,314	)		(340,256,494	)		(2,269,438,615	)
Net decrease		(65,977,493	)	$	(413,261,090	)		(208,736,349	)	$	(1,392,533,151	)
	Class A
	For the Year Ended October 31, 2020						For the Year Ended October 31, 2019
	Shares			Value			Shares			Value
Shares sold		8,979,849		$	56,395,517			8,597,735		$	57,731,244
Shares issued in reinvestment of dividends		997,862			6,292,616			1,430,238			9,567,517
Shares redeemed		(17,060,130	)		(108,156,221	)		(22,160,020	)		(148,015,224	)
Net decrease		(7,082,419	)	$	(45,468,088	)		(12,132,047	)	$	(80,716,463	)
	Class C
	For the Year Ended October 31, 2020						For the Year Ended October 31, 2019
	Shares			Value			Shares			Value
Shares sold		1,290,936		$	8,266,641			1,800,768		$	12,108,541
Shares issued in reinvestment of dividends		344,202			2,173,249			513,410			3,445,108
Shares redeemed		(5,578,227	)		(34,999,140	)		(6,125,376	)		(41,079,259	)
Net decrease		(3,943,089	)	$	(24,559,250	)		(3,811,198	)	$	(25,525,610	)

On October 31, 2020, the number of shareholders that held 5% or more of the outstanding shares of each class of the Fund was as follows:

	Number of Shareholders		Approximate Percentage of Outstanding Shares
Class I		5		46	%
Class A		6		79	%
Class C		6		74	%

Credit Suisse Floating Rate High Income Fund
Notes to Financial Statements (continued)
October 31, 2020

Note 6. Capital Share Transactions (continued)

The Fund's performance may be negatively impacted in the event one or more of the Fund's greater than 5% shareholders were to redeem at a given time. Some of the shareholders are omnibus accounts, which hold shares on behalf of individual shareholders.

Note 7. Income Tax Information and Distributions to Shareholders

Income and capital gain distributions are determined in accordance with federal income tax regulations, which may differ from GAAP.

The tax character of dividends paid by the Fund during the fiscal years ended October 31, 2020 and 2019, respectively, was as follows:

Ordinary Income
2020		2019
$	93,040,996	$	151,815,566

The tax basis components of distributable earnings differ from the amounts reflected in the Statement of Assets and Liabilities by temporary book/tax differences. These differences are primarily due to differing treatments of dividends payable, wash sales, premium amortization and defaulted bond accruals and forward contracts marked to market.

At October 31, 2020, the components of distributable earnings on a tax basis were as follows:

Accumulated net realized loss	$	(91,564,858	)
Undistributed ordinary income		1,616,922
Unrealized depreciation		(167,362,983	)
	$	(257,310,919	)

At October 31, 2020, the Fund had $22,288,613 of unlimited short-term capital loss carryforwards and $69,276,245 of unlimited long-term capital loss carryforwards available to offset possible future capital gains.

At October 31, 2020, the cost and net unrealized appreciation (depreciation) of investments and derivatives for income tax purposes were as follows:

Cost of Investments	$	1,979,594,215
Unrealized appreciation	$	10,937,005
Unrealized depreciation		(178,290,512	)
Net unrealized appreciation (depreciation)	$	(167,353,507	)

Credit Suisse Floating Rate High Income Fund
Notes to Financial Statements (continued)
October 31, 2020

Note 7. Income Tax Information and Distributions to Shareholders (continued)

To adjust for current period permanent book/tax differences which arose principally from differing book/tax treatment of foreign currency gain (loss), defaulted bonds, and premium amortization adjustments, distributions in excess of net investment income was credited $2,158,975 and accumulated net realized loss was debited $2,158,975. Net assets were not affected by this reclassifications.

Note 8. Contingencies

Note 9. Subsequent Events

Credit Suisse Floating Rate High Income Fund
Report of Independent Registered Public Accounting Firm

To the Board of Trustees of Credit Suisse Opportunity Funds and
Shareholders of Credit Suisse Floating Rate High Income Fund

Opinion on the Financial Statements

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of Credit Suisse Floating Rate High Income Fund (one of the funds constituting Credit Suisse Opportunity Funds, referred to hereafter as the "Fund") as of October 31, 2020, and the related statements of operations and changes in net assets including the related notes, and the financial highlights for the year ended October 31, 2020 (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of October 31, 2020, and the results of its operations, changes in its net assets and the financial highlights for the year ended October 31, 2020 in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

Credit Suisse Floating Rate High Income Fund
Report of Independent Registered Public Accounting Firm

PricewaterhouseCoopers LLP

New York, New York
December 23, 2020

We have served as the auditor of one or more Credit Suisse Asset Management, LLC investment companies since 2020.

Credit Suisse Floating Rate High Income Fund
Information Concerning Trustees and Officers (unaudited)

Name, Address
(Year of Birth)

Position(s)
Held with
Fund

Term
of Office¹
and
Length
of Time
Served

Principal
Occupation(s) During
Past Five Years

Number of
Portfolios
in Fund
Complex
Overseen
by Trustee

Other
Trusteeships
Held by Trustee
During Past Five Years

Independent Trustees

Laura A. DeFelice
c/o Credit Suisse Asset
Management, LLC
Attn: General Counsel
Eleven Madison Avenue
New York, New York
10010
(1959)

Trustee, Nominating and Audit Committee member

Since 2017

None.

Jeffrey E. Garten
c/o Credit Suisse Asset
Management, LLC
Attn: General Counsel
Eleven Madison Avenue
New York, New York
10010
(1946)

Trustee, Nominating and Audit Committee member

Since 2001

Credit Suisse Floating Rate High Income Fund
Information Concerning Trustees and Officers (unaudited) (continued)

Name, Address
(Year of Birth)

Position(s)
Held with
Fund

Term
of Office¹
and
Length
of Time
Served

Principal
Occupation(s) During
Past Five Years

Number of
Portfolios
in Fund
Complex
Overseen
by Trustee

Other
Trusteeships
Held by Trustee
During Past Five Years

Independent Trustees

Mahendra R. Gupta
c/o Credit Suisse Asset
Management, LLC
Attn: General Counsel
Eleven Madison Avenue
New York, New York
10010
(1956)

Trustee, Nominating Committee member and Audit Committee Chairman

Since 2017

Director of Caleres
Inc. (footwear) from May 2012 to present; Director of Koch Development Corporation (real estate development) from November 2017 to present; Director of Supernova (fin-tech) from June 2014 to September 2018.

Credit Suisse Floating Rate High Income Fund
Information Concerning Trustees and Officers (unaudited) (continued)

Name, Address
(Year of Birth)

Position(s)
Held with
Fund

Term
of Office¹
and
Length
of Time
Served

Principal
Occupation(s) During
Past Five Years

Number of
Portfolios
in Fund
Complex
Overseen
by Trustee

Other
Trusteeships
Held by Trustee
During Past Five Years

Independent Trustees

Steven N. Rappaport
c/o Credit Suisse Asset Management, LLC
Attn: General Counsel
Eleven Madison Avenue
New York, New York
10010
(1948)

Chairman of the Board, Nominating Committee Chairman and Audit Committee member

Trustee since 2001 and Chairman since 2005

Partner of Lehigh Court, LLC and RZ Capital (private investment firms) from July 2002 to present; Partner of Backstage Acquisition Holdings, LLC (publication job postings) from November 2013 to 2018.

Interested Trustee

John G. Popp²Credit Suisse Asset
Management, LLC
Eleven Madison Avenue
New York, New York
10010
(1956)

Trustee, Chief Executive Officer and President

Trustee since 2017
Chief Executive Officer and President since 2010

None.

² Mr. Popp is an "interested person" of the Trust, as defined in the 1940 Act, by virtue of his current position as an officer of Credit Suisse.

Credit Suisse Floating Rate High Income Fund
Information Concerning Trustees and Officers (unaudited) (continued)

Name, Address
(Year of Birth)

Position(s)
Held with
Fund

Term of
Office¹
and
Length of
Time
Served

Principal Occupation(s) During Past Five Years

Officers*

Emidio Morizio
Credit Suisse Asset
Management, LLC
Eleven Madison Avenue
New York, New York 10010
(1966)

Chief Compliance Officer

Since Fund Inception

Managing Director and Global Head of Compliance of Credit Suisse since 2010; Associated with Credit Suisse since July 2000; Officer of other Credit Suisse Funds.

Lou Anne McInnis
Credit Suisse Asset Management, LLC
Eleven Madison Avenue
New York, New York 10010
(1959)

Chief Legal Officer

Since 2015

Omar Tariq
Credit Suisse Asset
Management, LLC
Eleven Madison Avenue
New York, New York 10010
(1983)

Chief Financial Officer and Treasurer

Since 2019

Director of Credit Suisse since March 2019; Senior Manager of PriceWaterhouseCoopers, LLP from September 2010 to March 2019; Officer of other Credit Suisse Funds.

Karen Regan
Credit Suisse Asset
Management, LLC
Eleven Madison Avenue
New York, New York 10010
(1963)

Vice President and Secretary

Since 2010

Vice President of Credit Suisse; Associated with Credit Suisse since December 2004; Officer of other Credit Suisse Funds.

¹ Subject to the Trust's retirement policy, each Trustee may continue to serve as a Trustee until the last day of the calendar year in which the applicable Trustee attains age 75. Officer serves until his or her respective successor has been duly elected and qualified.

* The officers of the Fund shown are officers that make policy decisions.

The Statement of Additional Information includes additional information about the Trustees and is available, without charge, upon request, by calling 877-870-2874.

Credit Suisse Floating Rate High Income Fund
Proxy Voting and Portfolio Holdings Information (unaudited)

• By calling 1-877-870-2874

• On the Fund's website, www.credit-suisse.com/us/funds

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

P.O. BOX 219916, KANSAS CITY, MO 64121-9916

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

CREDIT SUISSE SECURITIES (USA) LLC, DISTRIBUTOR. FLHI-AR-1020

CREDIT SUISSE FUNDS

Annual Report

October 31, 2020

n CREDIT SUISSE
MANAGED FUTURES STRATEGY FUND

The Fund's investment objectives, risks, charges and expenses (which should be considered carefully before investing), and more complete information about the Fund, are provided in the Prospectus, which should be read carefully before investing. You may obtain additional copies by calling 877-870-2874 or by visiting our website at www.credit-suisse.com/us/funds.

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

Credit Suisse Managed Futures Strategy Fund
Annual Investment Adviser's Report
October 31, 2020 (unaudited)

November 30, 2020

Dear Shareholder:

We are pleased to present this Annual Report covering the activities of the Credit Suisse Managed Futures Strategy Fund (the "Fund") for the 12-month period ended October 31, 2020.

Performance Summary
11/01/19 – 10/31/20

Fund & Benchmark	Performance
Class I¹		(5.22	)%
Class A^1,2		(5.53	)%
Class C^1,2		(6.24	)%
Credit Suisse Managed Futures Liquid Index³		(5.40	)%

Performance shown for the Fund's Class A and Class C Shares does not reflect sales charges, which are a maximum of 5.25% and 1.00%, respectively.²

Market Review: A negative period for managed futures

The 1-year period ended October 31, 2020 was a challenging one for Managed Futures with the Credit Suisse Managed Futures Liquid Index (the Fund's benchmark) down -5.40%. The Credit Suisse Managed Futures Hedge Fund Index lost -3.53% (for the 1-year period ended October 31, 2020).

While 2019 was dogged by trade tensions and political risk that hammered business confidence globally, in sharp contrast, consumer spending remained strong and stock markets in the US recorded new highs. The latter part of Q4 2019 saw a further boost for the markets as the US and China struck a partial trade deal easing trade tensions.

During Q1 2020, sentiment deteriorated on news of the escalating spread of the coronavirus (COVID-19) with risk assets experiencing sharp sell-offs. March 2020 proved to be a period of historic stress for markets around the world. Global equities posted the worst monthly decline since October 2008, and the VIX reached its highest recorded level. Fixed income instruments rallied and yields on benchmark Treasuries plunged to record lows in response to the ongoing flight-to-safety. The US dollar appreciated against major currencies as investors braced for prolonged uncertainty and governments tightened lockdowns and launched monetary and fiscal measures to fight the pandemic. Growing global economic uncertainty led to a risk-off stance and weakening demand for energy amidst tension in the Middle East.

Credit Suisse Managed Futures Strategy Fund
Annual Investment Adviser's Report (continued)
October 31, 2020 (unaudited)

Markets about-turned during Q2 2020, recovering from the steep Q1 declines, as investors focused on the prospects of an economic rebound. Progress on relaxation of lockdown restrictions underpinned the rally in riskier assets. Equities posted strong gains and US Dollar declined as investors absorbed better-than-expected economic data in spite of concerns over the pandemic and fraying trade relations with China. Government bonds delivered positive returns as uncertainty around the development of a vaccine gave risk appetites a reality check. Oil experienced gains during Q2 2020 while facing headwinds in the form of a continued supply glut and dampened demand.

Global equity performance varied across regions during Q3 2020 against a backdrop of contrasting economic developments and mixed pandemic news-flow. Growth rate in COVID-19 cases in the US came down sharply during the summer while European countries, on the other hand, experienced a resurgence. Markets remained buoyant, underpinned by hopes of a vaccine. Sovereign yields were bounded as central bank policy remained dovish and global macroeconomic developments were mixed. The US Dollar declined on expectations of continued accommodative monetary policy and rising inflationary pressures. Commodities, as measured by the Bloomberg Commodities Index, delivered strong positive returns, aided in part by US dollar weakness.

During October, investors were buffeted by market gyrations caused by news around vaccine development efforts and uncertainty around the potential results of an expected-to-be-cliffhanger US presidential election. Global stocks declined as virus cases surged. Possibility of failure of expansion of fiscal stimulus exacerbated the impact in the US. A pronounced risk-off tone developed in both commodity and credit markets.

Strategic Review and Outlook

The managed futures strategy seeks to identify and profit from price trends — upward or downward — in four broad asset classes: commodities, bonds, equities and currencies.

For the annual period ended October 31, 2020, the Fund's performance (as represented by Share Class I) was more or less in line with that of the Fund's benchmark.

Equity positions contributed positively to performance towards the end of 2019 as stocks climbed worldwide, propelling global benchmarks to fresh records. A net long bias until the beginning of March generated losses during Q1 2020 as sentiment soured on pandemic-related news. Short equity exposures contributed negatively to performance during Q2 2020 as markets looked past

Credit Suisse Managed Futures Strategy Fund
Annual Investment Adviser's Report (continued)
October 31, 2020 (unaudited)

near-term economic weakness and rising political tensions, and reacted to aggressive, dovish central bank policy across developed economies. During Q3 2020, equity performance across major economies diverged. Mixed positioning in Euro STOXX 50 and Hang Seng suffered losses, offsetting the gains from long positions in S&P 500 and Nikkei 225. During October, equities rallied early on, only to sell-off towards month-end leading to negative contribution from the asset class.

Fixed income positions contributed negatively during the latter part of Q4 2019 as yields around the world reached new highs on the back of a phase-one US-China trade deal. Amid concerns about the economic impact of the COVID-19 pandemic, global yields plunged to record lows leading to positive contribution from net long exposure during Q1 2020. Fixed Income exposures' contribution to program performance was flat during Q2 2020 as sovereign rates remained compressed in most regions. Sovereign rates fluctuated in lockstep during Q3 2020 in the face of accommodative monetary policy and uncertainty around the availability of a vaccine leading to negative contribution from the asset class. During October, contribution from the asset class was flat on account of modest moves in yields across the board.

Currency exposures contributed positively to the overall program performance towards the end of Q4 2019. The asset class struggled during Q1 2020 and Q2 2020 as a confluence of factors, ranging from stress in funding markets, and the worsening coronavirus outbreak in the U.S, triggered a sell-off in the US dollar. Q3 2020 brought relief with long positions proving to be profitable as the US dollar depreciated against major currencies. During October, as the US dollar posted gains, the asset class detracted from performance.

Towards the end of Q4 2019, the reversals in Industrial Metals markets were primarily responsible for losses as relief from concerns over the global growth outlook led to an appreciation in the value of the growth-sensitive sectors. Commodities delivered positive contribution during Q1 2020, especially short exposure to the Energy sector, as oil posted the worst quarter on record after the COVID-19 outbreak crushed demand. During Q2 2020, long exposure to Precious Metals led the contributions as the sector rallied on fears of a slowdown in the pace at which economies were re-opening and rising coronavirus case counts. The streak of positive contributions from commodities continued during Q3 2020 and the month of October with gains attributable to long exposure to Agriculture and Industrial Metals during both the periods.

We continue to believe that the unique return profile of managed futures may appeal to investors searching for meaningful portfolio diversifiers that may help mitigate risk and provide uncorrelated returns.

Credit Suisse Managed Futures Strategy Fund
Annual Investment Adviser's Report (continued)
October 31, 2020 (unaudited)

The Quantitative Investment Strategies Group

Yung-Shin Kung
Sheel Dhande

The Fund is non-diversified, which means it may invest a greater proportion of its assets in the securities of a smaller number of issuers than a diversified mutual fund and may therefore be subject to greater volatility. The Fund's investment in alternative instruments may subject the Fund to greater volatility than investments in traditional securities, particularly in investments involving leverage.

The use of alternative assets and strategies entails substantial risks, including risk of loss of principal, commodity exposure risks, credit risk, currency risk, derivatives risk, equity exposure risk, exchange-traded notes risk, fixed income risk, foreign securities risk, forwards risk, futures contracts risk, interest rate risk, leveraging risk, market risk, non-diversified status, options risk, portfolio turnover risk, repurchase agreements risk, short position risk, speculative exposure risk, structured note risk, subsidiary risk, swap agreements risk, tax risk and U.S. government securities risk. For a detailed discussion of these and other risks, please refer to the Fund's Prospectus, which should be read carefully before investing.

Credit Suisse Managed Futures Strategy Fund
Annual Investment Adviser's Report (continued)
October 31, 2020 (unaudited)

Comparison of Change in Value of $10,000 Investment in the
Credit Suisse Managed Futures Strategy Fund¹ Class I Shares,
Class A Shares², Class C Shares² and Credit Suisse Managed Futures
Liquid Index³ from Inception (9/28/12)

¹ Fee waivers and/or expense reimbursements reduce expenses for the Fund, without which performance would be lower. The Fund entered into a written contract to limit expenses to 1.30% of the Fund's average daily net assets for Class I shares, 1.55% of the Fund's average daily net assets for Class A shares and 2.30% of the Fund's average daily net assets for Class C shares through at least February 28, 2022. This limit excludes certain expenses, as set forth in the Fund's Prospectus.

² Total return for the Fund's Class A shares for the reporting period, based on offering price (including maximum sales charge of 5.25%), was (10.45)%. Total return for the Fund's Class C shares for the reporting period, based on redemption value including Contingent Deferred Sales Charge ("CDSC") of 1.00%, was (7.17)%.

³ The Credit Suisse Managed Futures Liquid Index is a broadly diversified futures index currently composed of 14 futures contracts and 4 commodity indices which provide exposure to the asset classes. The Index uses a proprietary quantitative methodology to seek to identify price trends in each of the asset classes over a variety of time horizons. Components of the Index, which may change from time to time, are positioned either long or short based on the price trends within the asset classes determined using the Index's quantitative methodology The Index does not have transaction costs and investors may not invest directly in the Index.

Credit Suisse Managed Futures Strategy Fund
Annual Investment Adviser's Report (continued)
October 31, 2020 (unaudited)

Average Annual Returns as of October 31, 2020¹

	1 Year			5 Years			Since Inception²
Class I		(5.22	)%		(1.84	)%		1.71	%
Class A Without Sales Charge		(5.53	)%		(2.08	)%		1.47	%
Class A With Maximum Sales Charge		(10.45	)%		(3.14	)%		0.80	%
Class C Without CDSC		(6.24	)%		(2.80	)%		0.70	%
Class C With CDSC		(7.17	)%		(2.80	)%		0.70	%

The annual gross expense ratios are 1.35% for Class I shares, 1.60% for Class A shares and 2.35% for Class C shares. The annual net expense ratios after fee waivers and/or expense reimbursements are 1.30% for Class I shares, 1.55% for Class A shares and 2.30% for Class C shares.

¹ Fee waivers and/or expense reimbursements reduce expenses for the Fund, without which performance would be lower. The Fund has entered into a written contract to limit expenses to 1.30% of the Fund's average daily net assets for Class I shares, 1.55% of the Fund's average daily net assets for Class A shares and 2.30% of the Fund's average daily net assets for Class C shares through at least February 28, 2022. This limit excludes certain expenses, as set forth in the Fund's Prospectus.

² Inception Date: September 28, 2012.

Credit Suisse Managed Futures Strategy Fund
Annual Investment Adviser's Report (continued)
October 31, 2020 (unaudited)

Information About Your Fund's Expenses

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

Credit Suisse Managed Futures Strategy Fund
Annual Investment Adviser's Report (continued)
October 31, 2020 (unaudited)

Expenses and Value for a $1,000 Investment
for the six-month period ended October 31, 2020

Actual Fund Return	Class I			Class A			Class C
Beginning Account Value 05/01/20	$	1,000.00		$	1,000.00		$	1,000.00
Ending Account Value 10/31/20	$	980.90		$	979.60		$	975.30
Expenses Paid per $1,000*	$	6.47		$	7.71		$	11.42
Hypothetical 5% Fund Return
Beginning Account Value 05/01/20	$	1,000.00		$	1,000.00		$	1,000.00
Ending Account Value 10/31/20	$	1,018.60		$	1,017.34		$	1,013.57
Expenses Paid per $1,000*	$	6.60		$	7.86		$	11.64
	Class I			Class A			Class C
Annualized Expense Ratios*		1.30	%		1.55	%		2.30	%

* 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 184/366 to reflect the one-half year period.

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

Portfolio Breakdown**

United States Treasury Obligations					100.00	%
Total					100.00	%

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

Credit Suisse Managed Futures Strategy Fund
Consolidated Schedule of Investments
October 31, 2020

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%⁽¹⁾		Value
UNITED STATES TREASURY OBLIGATIONS (47.3%)
$	40,000	United States Treasury Bills	(AA+, Aaa)	12/31/20		0.108	$	39,994,592
	10,000	United States Treasury Bills	(AA+, Aaa)	06/17/21		0.148		9,994,167
	35,000	United States Treasury Bills	(AA+, Aaa)	07/15/21		0.140		34,976,448
	55,000	United States Treasury Bills	(AA+, Aaa)	08/12/21		0.108		54,958,925
TOTAL UNITED STATES TREASURY OBLIGATIONS (Cost $139,901,689)								139,924,132
TOTAL INVESTMENTS AT VALUE (47.3%) (Cost $139,901,689)								139,924,132
OTHER ASSETS IN EXCESS OF LIABILITIES (52.7%)								155,826,984
NET ASSETS (100.0%)							$	295,751,116

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

⁽¹⁾Securities are zero coupon. Rate presented is yield to maturity as of October 31, 2020.

Futures Contracts

Contract Description	Currency	Expiration Date	Number of Contracts			Notional Value			Net Unrealized Appreciation (Depreciation)
Contracts to Purchase
Foreign Exchange Contracts
AUD Currency Futures	USD	Dec 2020		263		$	18,488,900		$	(357,410	)
CAD Currency Futures	USD	Dec 2020		783			58,799,385			(573,749	)
EUR Currency Futures	USD	Dec 2020		377			54,924,187			(854,473	)
GBP Currency Futures	USD	Dec 2020		670			54,274,188			173,590
JPY Currency Futures	USD	Dec 2020		639			76,340,531			635,892
									$	(976,150	)
Index Contracts
Hang Seng Index Futures	HKD	Nov 2020		32			4,984,133		$	(109,843	)
Nikkei 225 Index Futures OSE	JPY	Dec 2020		61			13,350,679			(130,859	)
S&P 500 E Mini Index Futures	USD	Dec 2020		68			11,099,980			(427,549	)
									$	(668,251	)
Interest Rate Contracts
EURO Bund Futures	EUR	Dec 2020		428			87,820,567		$	1,047,091
Contracts to Sell
Index Contracts
EURO Stoxx 50 Index Futures	EUR	Dec 2020		(547	)		(18,853,940	)	$	656,092
FTSE 100 Index Futures	GBP	Dec 2020		(220	)		(15,825,936	)		771,738
									$	1,427,830

See Accompanying Notes to Consolidated Financial Statements.
9

Credit Suisse Managed Futures Strategy Fund
Consolidated Schedule of Investments (continued)
October 31, 2020

Futures Contracts (continued)

Contract Description	Currency	Expiration Date	Number of Contracts			Notional Value			Net Unrealized Appreciation (Depreciation)
Interest Rate Contracts
10YR Japanese Bond Futures	JPY	Dec 2020		(63	)	$	(91,528,984	)	$	75,779
10YR U.S. Treasury Note Futures	USD	Dec 2020		(352	)		(48,653,000	)		99,076
Long Gilt Futures	GBP	Dec 2020		(129	)		(22,631,023	)		69,997
									$	244,852
									$	1,075,372

Total Return Swap Contracts

Currency	Notional Amount		Expiration Date	Counterparty	Receive	Pay	Payment Frequency	Upfront Premiums Paid/ (Received)		Net Unrealized Appreciation (Depreciation)
USD	$	14,576,648	12/04/20	Goldman Sachs	Bloomberg Precious Metals Index	0.11%	At Maturity	$	—	$	714,215
USD		33,797,000	12/04/20	Goldman Sachs	Bloomberg Industrial Metals Index	0.12%	At Maturity		—		1,693,499
USD		41,426,263	12/04/20	Goldman Sachs	Bloomberg Agriculture Index	0.17%	At Maturity		—		2,742,710
USD		1,059,164	12/04/20	Goldman Sachs	(0.06)%	Bloomberg Energy Index	At Maturity		—		11,693
										$	5,162,117

Currency Abbreviations:

AUD = Australian Dollar

CAD = Canadian Dollar

EUR = Euro

GBP = British Pound

HKD = Hong Kong Dollar

JPY = Japanese Yen

USD = United States Dollar

See Accompanying Notes to Consolidated Financial Statements.
10

Credit Suisse Managed Futures Strategy Fund
Consolidated Statement of Assets and Liabilities
October 31, 2020

*Assets*
Investments at value (Cost $139,901,689) (Note 2)	$	139,924,132
Cash		133,216,165
Foreign currency at value (Cost $307)		314
Cash segregated at brokers for futures contracts (Note 2)		17,671,470
Unrealized appreciation on open swap contracts (Note 2)		5,162,117
Receivable for Fund shares sold		721,070
Prepaid expenses		51,609
Total assets		296,746,877
*Liabilities*
Investment advisory fee payable (Note 3)		236,462
Administrative services fee payable (Note 3)		24,615
Shareholder servicing/Distribution fee payable (Note 3)		3,418
Variation margin payable on futures contracts (Note 2)		346,876
Payable for Fund shares redeemed		152,073
Payable for investments purchased		25,002
Trustees' fee payable		20,523
Accrued expenses		186,792
Total liabilities		995,761
*Net Assets*
Capital stock, $.001 par value (Note 6)		31,960
Paid-in capital (Note 6)		328,927,867
Total distributable earnings (loss)		(33,208,711	)
Net assets	$	295,751,116
*I Shares*
Net assets	$	282,365,233
Shares outstanding		30,490,539
Net asset value, offering price and redemption price per share	$	9.26
*A Shares*
Net assets	$	12,505,778
Shares outstanding		1,368,207
Net asset value and redemption price per share	$	9.14
Maximum offering price per share (net asset value/(1-5.25%))	$	9.65
*C Shares*
Net assets	$	880,105
Shares outstanding		101,157
Net asset value and offering price per share	$	8.70

See Accompanying Notes to Consolidated Financial Statements.
11

Credit Suisse Managed Futures Strategy Fund
Consolidated Statement of Operations
For the Year Ended October 31, 2020

*Investment Income*
Interest	$	2,879,052
Total investment income		2,879,052
*Expenses*
Investment advisory fees (Note 3)		3,117,486
Administrative services fees (Note 3)		44,991
Shareholder servicing/Distribution fees (Note 3)
Class A		42,385
Class C		3,935
Transfer agent fees (Note 3)		487,783
Printing fees		88,697
Registration fees		73,148
Audit and tax fees		71,724
Trustees' fees		64,798
Custodian fees		50,059
Legal fees		20,638
Insurance expense		12,233
Commitment fees (Note 4)		10,620
Miscellaneous expense		9,861
Total expenses		4,098,358
Less: fees waived (Note 3)		(155,180	)
Net expenses		3,943,178
Net investment loss		(1,064,126	)
*Net Realized and Unrealized Gain (Loss) from Investments, Futures Contracts, Swap Contracts* *and Foreign Currency Related Items*
Net realized gain from investments		159,193
Net realized loss from futures contracts		(24,848,278	)
Net realized gain from swap contracts		9,995,793
Net realized gain from foreign currency transactions		1,330
Net change in unrealized appreciation (depreciation) from investments		(363,399	)
Net change in unrealized appreciation (depreciation) from futures contracts		1,609,299
Net change in unrealized appreciation (depreciation) from swap contracts		(1,933,519	)
Net change in unrealized appreciation (depreciation) from foreign currency translations		(71,104	)
Net realized and unrealized loss from investments, futures contracts, swap contracts and foreign currency related items		(15,450,685	)
Net decrease in net assets resulting from operations	$	(16,514,811	)

See Accompanying Notes to Consolidated Financial Statements.
12

Credit Suisse Managed Futures Strategy FundConsolidated Statements of Changes in Net Assets

	For the Year Ended October 31, 2020			For the Year Ended October 31, 2019
*From Operations*
Net investment income (loss)	$	(1,064,126	)	$	1,193,764
Net realized gain (loss) from investments, futures contracts, swap contracts and foreign currency transactions		(14,691,962	)		6,734,438
Net change in unrealized appreciation (depreciation) from investments, futures contracts, swap contracts and foreign currency translations		(758,723	)		(5,154,985	)
Net increase (decrease) in net assets resulting from operations		(16,514,811	)		2,773,217
*From Distributions*
From distributable earnings
Class I		(5,362,443	)		—
Class A		(337,689	)		—
Class C		(2,304	)		—
Net decrease in net assets resulting from dividends		(5,702,436	)		—
*From Capital Share Transactions* (Note 6)
Proceeds from sale of shares		191,735,094			218,197,002
Reinvestment of dividends		5,402,378			—
Net asset value of shares redeemed		(222,317,282	)		(157,656,320	)
Net increase (decrease) in net assets from capital share transactions		(25,179,810	)		60,540,682
Net increase (decrease) in net assets		(47,397,057	)		63,313,899
*Net Assets*
Beginning of year		343,148,173			279,834,274
End of year	$	295,751,116		$	343,148,173

See Accompanying Notes to Consolidated Financial Statements.
13

Credit Suisse Managed Futures Strategy Fund
Consolidated Financial Highlights
(For a Class I Share of the Fund Outstanding Throughout Each Year)

	For the Year Ended October 31,
	2020			2019			2018			2017			2016
Per share data
Net asset value, beginning of year	$	9.94		$	9.79		$	10.49		$	10.94		$	11.53
*INVESTMENT OPERATIONS*
Net investment income (loss)¹		(0.03	)		0.04			(0.02	)		(0.10	)		(0.15	)
Net gain (loss) from investments, futures contracts, swap contracts and foreign currency related items (both realized and unrealized)		(0.48	)		0.11			(0.68	)		(0.06	)		0.49
Total from investment operations		(0.51	)		0.15			(0.70	)		(0.16	)		0.34
*LESS DIVIDENDS AND DISTRIBUTIONS*
Dividends from net investment income		(0.17	)		—			—			—			(0.52	)
Distributions from net realized gains		—			—			—			(0.29	)		(0.41	)
Total dividends and distributions		(0.17	)		—			—			(0.29	)		(0.93	)
*Net asset value, end of year*	$	9.26		$	9.94		$	9.79		$	10.49		$	10.94
Total return²		(5.22	)%		1.53	%		(6.67	)%		(1.60	)%		3.12	%
*RATIOS AND SUPPLEMENTAL DATA*
Net assets, end of year (000s omitted)	$	282,365		$	318,590		$	227,703		$	201,478		$	127,597
Ratio of net expenses to average net assets		1.30	%		1.30	%		1.30	%		1.30	%		1.30	%
Ratio of net investment income (loss) to average net assets		(0.34	)%		0.42	%		(0.15	)%		(0.99	)%		(1.29	)%
Decrease reflected in above operating expense ratios due to waivers/reimbursements		0.05	%		0.02	%		0.03	%		0.09	%		0.05	%
Portfolio turnover rate³		—	%		—	%		—	%		—	%		—	%

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

² Total returns are historical and include change 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.

³ Portfolio turnover is calculated by dividing the lesser of total purchases or sales of portfolio securities for the reporting period by the monthly average of portfolio securities owned during the reporting period. Excluded from both the numerator and denominator are amounts relating to derivatives and securities whose maturities or expiration dates at the time of acquisition were one year or less.

See Accompanying Notes to Consolidated Financial Statements.
14

Credit Suisse Managed Futures Strategy Fund
Consolidated Financial Highlights
(For a Class A Share of the Fund Outstanding Throughout Each Year)

	For the Year Ended October 31,
	2020			2019			2018			2017			2016
Per share data
Net asset value, beginning of year	$	9.82		$	9.69		$	10.41		$	10.88		$	11.47
*INVESTMENT OPERATIONS*
Net investment income (loss)¹		(0.05	)		0.01			(0.05	)		(0.12	)		(0.17	)
Net gain (loss) from investments, futures contracts, swap contracts and foreign currency related items (both realized and unrealized)		(0.49	)		0.12			(0.67	)		(0.06	)		0.48
Total from investment operations		(0.54	)		0.13			(0.72	)		(0.18	)		0.31
*LESS DIVIDENDS AND DISTRIBUTIONS*
Dividends from net investment income		(0.14	)		—			—			—			(0.49	)
Distributions from net realized gains		—			—			—			(0.29	)		(0.41	)
Total dividends and distributions		(0.14	)		—			—			(0.29	)		(0.90	)
*Net asset value, end of year*	$	9.14		$	9.82		$	9.69		$	10.41		$	10.88
Total return²		(5.53	)%		1.34	%		(6.92	)%		(1.79	)%		2.87	%
*RATIOS AND SUPPLEMENTAL DATA*
Net assets, end of year (000s omitted)	$	12,506		$	24,234		$	50,474		$	98,756		$	38,060
Ratio of net expenses to average net assets		1.55	%		1.55	%		1.55	%		1.55	%		1.55	%
Ratio of net investment income (loss) to average net assets		(0.51	)%		0.14	%		(0.50	)%		(1.20	)%		(1.54	)%
Decrease reflected in above operating expense ratios due to waivers/reimbursements		0.05	%		0.02	%		0.03	%		0.09	%		0.05	%
Portfolio turnover rate³		—	%		—	%		—	%		—	%		—	%

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

² Total returns are historical and include change in share price, reinvestment of all dividends and distributions and no sales charge. Had certain expenses not been reduced during the years shown, total returns would have been lower.

See Accompanying Notes to Consolidated Financial Statements.
15

Credit Suisse Managed Futures Strategy Fund
Consolidated Financial Highlights
(For a Class C Share of the Fund Outstanding Throughout Each Year)

	For the Year Ended October 31,
	2020			2019			2018			2017			2016
Per share data
Net asset value, beginning of year	$	9.35¹		$	9.29		$	10.06		$	10.60		$	11.19
*INVESTMENT OPERATIONS*
Net investment income (loss)²		(0.14	)		(0.06	)		(0.12	)		(0.20	)		(0.25	)
Net gain (loss) from investments, futures contracts, swap contracts and foreign currency related items (both realized and unrealized)		(0.44	)		0.12			(0.65	)		(0.05	)		0.48
Total from investment operations		(0.58	)		0.06			(0.77	)		(0.25	)		0.23
*LESS DIVIDENDS AND DISTRIBUTIONS*
Dividends from net investment income		(0.07	)		—			—			—			(0.41	)
Distributions from net realized gains		—			—			—			(0.29	)		(0.41	)
Total dividends and distributions		(0.07	)		—			—			(0.29	)		(0.82	)
*Net asset value, end of year*	$	8.70		$	9.35¹		$	9.29		$	10.06		$	10.60
Total return³		(6.24	)%		0.65	%		(7.65	)%		(2.52	)%		2.13	%
*RATIOS AND SUPPLEMENTAL DATA*
Net assets, end of year (000s omitted)	$	880		$	324		$	1,658		$	3,365		$	3,667
Ratio of net expenses to average net assets		2.30	%		2.30	%		2.30	%		2.30	%		2.30	%
Ratio of net investment income (loss) to average net assets		(1.56	)%		(0.64	)%		(1.22	)%		(2.01	)%		(2.29	)%
Decrease reflected in above operating expense ratios due to waivers/reimbursements		0.05	%		0.02	%		0.04	%		0.09	%		0.05	%
Portfolio turnover rate⁴		—	%		—	%		—	%		—	%		—	%

¹ Includes adjustments in accordance with accounting principles generally accepted in the United States of America and as such, the net asset values for financial reporting purposes and the returns based upon net asset values may differ from the net asset values and returns for shareholder transactions.

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

³ Total returns are historical and include change in share price, reinvestment of all dividends and distributions and no sales charge. Had certain expenses not been reduced during the years shown, total returns would have been lower.

⁴ Portfolio turnover is calculated by dividing the lesser of total purchases or sales of portfolio securities for the reporting period by the monthly average of portfolio securities owned during the reporting period. Excluded from both the numerator and denominator are amounts relating to derivatives and securities whose maturities or expiration dates at the time of acquisition were one year or less.

See Accompanying Notes to Consolidated Financial Statements.
16

Credit Suisse Managed Futures Strategy Fund
Notes to Consolidated Financial Statements
October 31, 2020

Note 1. Organization

Credit Suisse Managed Futures Strategy Fund (the "Fund"), a series of Credit Suisse Opportunity Funds (the "Trust"), a Delaware statutory trust, is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as a non-diversified open-end management investment company that seeks to achieve investment results that correspond generally to the risk and return patterns of managed futures funds. The Trust was organized under the laws of the State of Delaware as a business trust on May 31, 1995.

Credit Suisse Asset Management, LLC ("Credit Suisse"), the investment adviser to the Fund, is registered as an investment adviser with the Securities and Exchange Commission and as a Commodity Pool Operator with the Commodity Futures Trading Commission. The Fund seeks to achieve its investment objective by investing directly and/or indirectly through the Credit Suisse Cayman Managed Futures Strategy Fund, Ltd. (the "Subsidiary"), a wholly-owned subsidiary of the Fund organized under the laws of the Cayman Islands, in a combination of securities and derivative instruments. The Subsidiary invests in commodity-linked derivative instruments, such as swaps and futures, as well as other types of futures, swaps and options. The Subsidiary may also invest in debt securities, some of which are intended to serve as margin or collateral for the Subsidiary's derivatives positions.

The Subsidiary is managed by the same portfolio managers that manage the Fund and the accompanying financial statements reflect the financial position of the Fund and the Subsidiary and the results of operations on a consolidated basis. The consolidated financial statements include portfolio holdings of the Fund and the Subsidiary and all intercompany transactions and balances have been eliminated. The Fund may invest up to 25% of its total assets in the Subsidiary. As of October 31, 2020, the Fund held $31,315,246 in the Subsidiary, representing 10.6% of the Fund's consolidated net assets. For the year ended October 31, 2020, the net realized gain on securities and other financial instruments held in the Subsidiary was $9,995,793.

Subsequent references to the Fund within the Notes to Consolidated Financial Statements collectively refer to the Fund and the Subsidiary, unless the context otherwise requires.

The Fund offers three classes of shares: Class I shares, Class A shares and Class C shares. Each class of shares represents an equal pro rata interest in the Fund, except the share classes bear different expenses. Class A shares are sold subject to a front-end sales charge of up to 5.25%. Class C shares are sold subject to a contingent deferred sales charge ("CDSC") of 1.00% if the shares are redeemed within the first year of purchase. Class I shares are sold without a

Credit Suisse Managed Futures Strategy Fund
Notes to Consolidated Financial Statements (continued)
October 31, 2020

Note 1. Organization (continued)

sales charge. Effective February 20, 2020, Class C shares, upon the ten year anniversary of purchase, will convert to Class A shares.

Note 2. Significant Accounting Policies

The following is a summary of significant accounting policies followed by the Fund in the preparation of its consolidated financial statements. The policies are in accordance with generally accepted accounting principles in the United States of America ("GAAP"). The preparation of consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts and disclosures in the consolidated financial statements. Actual results could differ from those estimates. The Fund is considered an investment company for financial reporting purposes under GAAP and follows the accounting and reporting guidance in Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Topic 946 — Financial Services — Investment Companies.

A) SECURITY VALUATION — The Board of Trustees (the "Board") is responsible for the Fund's valuation process. The Board has delegated the supervision of the daily valuation process to Credit Suisse Asset Management, LLC, the Fund's investment adviser ("Credit Suisse" or the "Adviser"), who has established a Pricing Committee which, pursuant to the policies adopted by the Board, is responsible for making fair valuation determinations and overseeing the Fund's pricing policies. The net asset value of the Fund is determined daily as of the close of regular trading on the New York Stock Exchange, Inc. (the "Exchange") on each day the Exchange is open for business. The valuations for fixed income securities (which may include, but are not limited to, corporate, government, municipal, mortgage-backed, collateralized mortgage obligations and asset-backed securities) and certain derivative instruments are typically the prices supplied by independent third party pricing services, which may use market prices or broker/dealer quotations or a variety of valuation techniques and methodologies. The independent third party pricing services use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar securities. These pricing services generally price fixed income securities assuming orderly transactions of an institutional "round lot" size, but some trades occur in smaller "odd lot" sizes which may be effected at lower prices than institutional round lot trades. Structured note agreements are valued in accordance with a dealer-supplied valuation based on changes in the value of the underlying index. Futures contracts are valued

Credit Suisse Managed Futures Strategy Fund
Notes to Consolidated Financial Statements (continued)
October 31, 2020

Note 2. Significant Accounting Policies (continued)

daily at the settlement price established by the board of trade or exchange on which they are traded. Forward contracts are valued at the London closing spot rates and the London closing forward point rates on a daily basis. The currency forward contract pricing model derives the differential in point rates to the expiration date of the forward and calculates its present value. Over-the-counter derivative financial instruments, such as swap agreements, generally derive their value from underlying asset prices, indices, reference rates, and other inputs or a combination of these factors. Equity securities for which market quotations are available are valued at the last reported sales price or official closing price on the primary market or exchange on which they trade. The Fund may utilize a service provided by an independent third party which has been approved by the Board to fair value certain securities. When fair value pricing is employed, the prices of securities used by the Fund to calculate its net asset value may differ from quoted or published prices for the same securities. If independent third party pricing services are unable to supply prices for a portfolio investment, or if the prices supplied are deemed by the investment adviser to be unreliable, the market price may be determined by the investment adviser using quotations from one or more brokers/dealers or at the transaction price if the security has recently been purchased and no value has yet been obtained from a pricing service or pricing broker. When reliable prices are not readily available, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the Fund calculates its net asset value, these securities will be fair valued in good faith by the Pricing Committee, in accordance with procedures adopted by the Board.

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

• 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.)

Credit Suisse Managed Futures Strategy Fund
Notes to Consolidated Financial Statements (continued)
October 31, 2020

Note 2. Significant Accounting Policies (continued)

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

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

The following is a summary of the inputs used as of October 31, 2020 in valuing the Fund's assets and liabilities carried at fair value:

Assets	Level 1		Level 2		Level 3		Total
Investments in Securities
United States Treasury Obligations	$	—	$	139,924,132	$	—	$	139,924,132
	$	—	$	139,924,132	$	—	$	139,924,132
Other Financial Instruments*
Futures Contracts	$	3,529,255	$	—	$	—	$	3,529,255
Swap Contracts		—		5,162,117		—		5,162,117
Liabilities	Level 1		Level 2		Level 3		Total
Other Financial Instruments*
Futures Contracts	$	2,453,883	$	—	$	—	$	2,453,883

* Other financial instruments include unrealized appreciation/(depreciation) on futures and swap contracts.

For the year ended October 31, 2020, there were no transfers among Level 2 and Level 3. All transfers, if any, are assumed to occur at the end of the reporting period.

The following table presents the fair value and the location of derivatives within the Consolidated Statement of Assets and Liabilities at October 31, 2020

Credit Suisse Managed Futures Strategy Fund
Notes to Consolidated Financial Statements (continued)
October 31, 2020

Note 2. Significant Accounting Policies (continued)

and the effect of these derivatives on the Consolidated Statement of Operations for the year ended October 31, 2020.

Primary Underlying Risk	Derivative Assets¹		Derivative Liabilities¹		Realized Gain (Loss)			Change Unrealized Appreciation (Deprecition)
Foreign currency exchange rate
Futures contracts²	$	809,482	$	1,785,632	$	(13,249,778	)	$	374,652
Index Contracts
Futures contracts²		1,427,830		668,251		(9,786,854	)		(2,429,930	)
Swap contracts		5,162,117		—		9,995,793			(1,933,519	)
Interest rate
Futures contracts²		1,291,943		—		(1,811,646	)		3,664,577
Total	$	8,691,372	$	2,453,883	$	(14,852,485	)	$	(324,220	)

¹ Generally, the balance sheet location for asset derivatives is receivables/net unrealized appreciation (depreciation) and for liability derivatives is payables/net unrealized appreciation (depreciation).

² Includes cumulative appreciation (depreciation) of futures contracts as reported in the Consolidated Schedule of Investments. Only variation margin is reported within the receivables and/or payables on the Consolidated Statement of Assets and Liabilities.

The notional amount of futures contracts and swap contracts open at October 31, 2020 is reflected in the Consolidated Schedule of Investments. For the year ended October 31, 2020, the Fund held average monthly notional values on a net basis of $362,272,210, $255,511,390 and $96,651,437 in long futures contracts, short futures contracts and swap contracts, respectively.

Credit Suisse Managed Futures Strategy Fund
Notes to Consolidated Financial Statements (continued)
October 31, 2020

Note 2. Significant Accounting Policies (continued)

The following table presents by counterparty the Fund's derivative assets, net of related collateral held by the Fund, at October 31, 2020:

Counterparty				Gross Amount of Derivative Assets Presented in the Consolidated Statement of Assets and Liabilities^(a)				Financial Instruments and Derivatives Available for Offset				Non-Cash Collateral Received				Cash Collateral Received^(b)				Net Amount of Derivative Assets
Goldman Sachs				$	5,162,117			$	—			$	—			$	—			$	5,162,117

^(a) Swap contracts are included.

^(b)The actual collateral pledged may be more than the amounts shown.

C) SECURITY TRANSACTIONS AND INVESTMENT INCOME/EXPENSE — Security transactions are accounted for on a trade date basis. Interest income/expense is recorded on the accrual basis. The Fund amortizes premiums and accretes discounts using the effective interest method. Dividend income/expense is recorded on the ex-dividend date. Certain expenses are class-specific expenses, vary by class and are charged only to that 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. To the extent any issuer defaults or a credit event occurs that impacts the issuer, the Fund may halt any additional interest income accruals and consider the realizability of interest accrued up to the date of default or credit event.

D) DIVIDENDS AND DISTRIBUTIONS TO SHAREHOLDERS — Dividends from net investment income, if any, are declared and paid quarterly. 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. Dividends and distributions to shareholders of the Fund are recorded on the ex-dividend date and are determined in accordance with federal income tax regulations, which may differ from GAAP.

E) FEDERAL AND OTHER TAXES — No provision is made for federal taxes as it is the Fund's intention to continue to qualify as a regulated investment company ("RIC") under the Internal Revenue Code of 1986, as amended (the "Code"), and to make the requisite distributions to its shareholders, which will be sufficient to relieve it from federal income and excise taxes.

Credit Suisse Managed Futures Strategy Fund
Notes to Consolidated Financial Statements (continued)
October 31, 2020

Note 2. Significant Accounting Policies (continued)

In order to qualify as a RIC under the Code, the Fund must meet certain requirements regarding the source of its income, the diversification of its assets and the distribution of its income. One of these requirements is that the Fund derive at least 90% of its gross income for each taxable year from dividends, interest, payments with respect to certain securities loans, gains from the sale or other disposition of stock, securities or foreign currencies, other income derived with respect to its business of investing in such stock, securities or currencies or net income derived from interests in certain publicly-traded partnerships ("Qualifying Income"). The Internal Revenue Service ("IRS") has issued a ruling that income realized from certain types of commodity-linked derivatives would not be Qualifying Income. As a result, the Fund's ability to realize income from investments in such commodity-linked derivatives as part of its investment strategy would be limited to a maximum of 10% of its gross income.

F) CASH — The Fund's uninvested cash balance is held in an interest bearing variable rate demand deposit account at State Street Bank and Trust Company ("SSB"), the Fund's custodian.

G) FUTURES — The Fund may enter into futures contracts to the extent permitted by its investment policies and objectives. The Fund may use futures contracts to gain exposure to or hedge against changes in interest rates, equity

Credit Suisse Managed Futures Strategy Fund
Notes to Consolidated Financial Statements (continued)
October 31, 2020

Note 2. Significant Accounting Policies (continued)

and market price movements and/or currency risks. Upon entering into a futures contract, the Fund is required to deposit cash and/or pledge U.S. Government securities as initial margin with a Futures Commission Merchant ("FCM"). Subsequent payments, which are dependent on the daily fluctuations in the value of the underlying instrument, are made or received by the Fund each day (daily variation margin) and are recorded as unrealized gains or losses in the Consolidated Statement of Operations until the contracts are closed. When the contracts are closed, the Fund records a realized gain or loss equal to the difference between the proceeds from (or cost of) the closing transaction and the Fund's basis in the contract. Risks of entering into futures contracts for hedging purposes include the possibility that a change in the value of the contract may not correlate with the changes in the value of the underlying instruments. Futures have minimal counterparty credit risk because futures are exchange traded and the exchange's clearinghouse, as counterparty to all exchange-traded futures, guarantees the futures against default. In addition, the purchase of a futures contract involves the risk that the Fund could lose more than the original margin deposit and subsequent payments may be required for a futures transaction. The Fund's open futures contracts are disclosed in the Consolidated Schedule of Investments. At October 31, 2020, the amount of restricted cash held at brokers related to open futures contracts was $17,671,470.

H) SWAPS — The Fund may enter into swap contracts either for hedging purposes or to seek to increase total return. A swap contract is an agreement that obligates two parties to exchange a series of cash flows at specified intervals based upon or calculated by reference to changes in specified prices or rates for a specified amount of an underlying asset or notional principal amount. The Fund will enter into swap contracts only on a net basis, which means that the two payment streams are netted out, with the Fund receiving or paying, as the case may be, only the net amount of the two payments. Risks may arise as a result of the failure of the counterparty to the swap contract to comply with the terms of the swap contract. The extent of the Fund's exposure

Credit Suisse Managed Futures Strategy Fund
Notes to Consolidated Financial Statements (continued)
October 31, 2020

Note 2. Significant Accounting Policies (continued)

to credit and counterparty risks is the discounted net value of the cash flows to be received from the counterparty over the contract's remaining life, to the extent that the amount is positive. These risks are mitigated by having a master netting arrangement between the Fund and the counterparty and by the posting of collateral by the counterparty to the Fund to cover the Fund's exposure to the counterparty. Therefore, the Fund considers the creditworthiness of each counterparty as well as the amounts posted by the counterparty pursuant to the master netting agreement to a swap contract in evaluating potential credit risk. Additionally, risks may arise from unanticipated movements in interest rates or in the value of the underlying reference asset or index.

The Fund may enter into total return swap contracts, involving commitments to pay interest in exchange for a market-linked return, both based on notional amounts. The Fund may invest in total return swap contracts for hedging purposes or to seek to increase total return. To the extent the total return of the security or index underlying the transaction exceeds or falls short of the offsetting interest rate obligation, the Fund will receive a payment from or make a payment to the counterparty.

I) SECURITIES LENDING — The initial collateral received by the Fund is required to have a value of at least 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). The collateral is maintained thereafter at a value equal to at least 102% of the current market value of the securities on loan. The market value of loaned securities is determined at the close of each business day of the Fund and any additional required collateral is delivered to the Fund, or excess collateral returned by the Fund, on the next business day. Cash collateral received by the Fund in connection with securities lending activity may be

Credit Suisse Managed Futures Strategy Fund
Notes to Consolidated Financial Statements (continued)
October 31, 2020

Note 2. Significant Accounting Policies (continued)

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 Fund's 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 Fund to act as the Fund's securities lending agent. The Fund's securities lending arrangement provides that the Fund and SSB will share the net income earned from securities lending activities. Securities lending income is accrued as earned. At October 31, 2020 and during the year ended October 31, 2020, there were no securities out on loan.

J) OTHER — In the normal course of business the Fund trades financial instruments and enters into financial transactions for which risk of potential loss exists due to changes in the market (market risk) or failure of the other party to a transaction to perform (credit risk). Similar to credit risk, the Fund may be exposed to counterparty risk, including with respect to securities lending, or the risk that an institution or other entity with which the Fund has unsettled or open transactions will default. The potential loss could exceed the value of the financial assets recorded in the consolidated financial statements. Financial assets, which potentially expose the Fund to credit risk, consist principally of cash due from counterparties and investments. The extent of the Fund's exposure to credit and counterparty risks in respect to these financial assets approximates their carrying value as recorded in the Fund's Consolidated Statement of Assets and Liabilities.

K) RECENT ACCOUNTING PRONOUNCEMENTS — In August 2018, the FASB issued Accounting Standards Update 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework — Changes to the Disclosure Requirements for Fair Value Measurement ("ASU 2018-13"). The update provides guidance that eliminates, adds and modifies certain disclosure requirements for fair value measurements. ASU 2018-13 will be effective for annual periods beginning after December 15, 2019. Management is currently assessing the potential impact of these changes to future financial statements.

Credit Suisse Managed Futures Strategy Fund
Notes to Consolidated Financial Statements (continued)
October 31, 2020

Note 3. Transactions with Affiliates and Related Parties

Credit Suisse serves as investment adviser and co-administrator for the Fund. For its investment advisory and administration services, Credit Suisse is entitled to receive a fee from the Fund at an annualized rate of 1.04% of the Fund's average daily net assets. For the year ended October 31, 2020, investment advisory and administration fees earned and fees waived/expenses reimbursed by Credit Suisse were $3,117,486 and $155,180, respectively. Credit Suisse has contractually agreed to limit expenses so that the Fund's annual operating expenses do not exceed 1.30% of the Fund's average daily net assets for Class I shares, 1.55% of the Fund's average daily net assets for Class A shares, and 2.30% of the Fund's average daily net assets for Class C shares. The Fund is authorized to reimburse Credit Suisse for management fees previously limited and/or for expenses previously reimbursed by Credit Suisse, provided, however, that any reimbursements must be paid at a date not more than thirty-six months following the applicable month during which such fees were limited or expenses were reimbursed by Credit Suisse and the reimbursements do not cause the Fund to exceed the applicable expense limitation in the contract at the time the fees are recouped. This contract may not be terminated before February 28, 2022.

The amounts waived and reimbursed by Credit Suisse, which are available for potential future recoupment by Credit Suisse, and the expiration schedule at October 31, 2020 are as follows:

	Fee waivers/ expense reimbursements subject to recoupment		Expires October 31, 2021*		Expires October 31, 2022*		Expires October 31, 2023
Class I	$	184,051	$	37,859	$	—	$	146,192
Class A		21,070		12,286		—		8,784
Class C		715		511		—		204
Totals	$	205,836	$	50,656	$	—	$	155,180

* The Subsidiary expenses are not eligible for recoupment.

Credit Suisse Managed Futures Strategy Fund
Notes to Consolidated Financial Statements (continued)
October 31, 2020

Note 3. Transactions with Affiliates and Related Parties (continued)

ended October 31, 2020, co-administrative services fees earned by SSB (including out-of-pocket expenses) with respect to the Fund were $44,991.

Credit Suisse Securities (USA) LLC ("CSSU"), an affiliate of Credit Suisse, serves as the distributor of the Fund's shares. Pursuant to a distribution plan adopted by the Fund pursuant to Rule 12b-1 under the 1940 Act, CSSU receives fees for its distribution services. These fees are calculated at an annual rate of 0.25% of the average daily net assets of the Class A shares. For the Class C shares, the fee is calculated at an annual rate of 1.00% of the average daily net assets. For the year ended October 31, 2020, the Fund paid Rule 12b-1 distribution fees of $42,385 for Class A shares and $3,935 for Class C shares. Class I shares are not subject to Rule 12b-1 distribution fees.

Certain brokers, dealers and financial representatives provide transfer agent-related services to the Fund and receive compensation from the Fund. For the year ended October 31, 2020, the Fund paid $332,134, which is included within transfer agent fees.

There were no commissions earned on the sale of Class A and Class C shares.

Note 4. Line of Credit

The Fund, together with other funds/portfolios advised by Credit Suisse (collectively, the "Participating Funds"), participates in a committed, unsecured line of credit facility ("Credit Facility"), with SSB in an aggregated amount of $250 million for temporary or emergency purposes under a first-come, first-served basis. Under the terms of the Credit Facility, the Participating Funds pay an aggregate commitment fee on the average unused amount of the Credit Facility, which is allocated among the Participating Funds in such manner as is determined by the governing Boards of the Participating Funds. In addition, the Participating Funds pay interest on borrowings at either the Overnight Federal Funds rate or the Overnight LIBOR rate plus a spread. At October 31, 2020 and during the year ended October 31, 2020, the Fund had no borrowings outstanding under the Credit Facility.

Credit Suisse Managed Futures Strategy Fund
Notes to Consolidated Financial Statements (continued)
October 31, 2020

Note 5. Purchases and Sales of Securities

For the year ended October 31, 2020, purchases and sales of investment securities (excluding short-term investments) and U.S. Government and Agency Obligations were as follows:

Investment Securities				U.S. Government/ Agency Obligations
Purchases		Sales		Purchases		Sales
$	0	$	0	$	0	$	0

Note 6. Capital Share Transactions

	Class I
	For the Year Ended October 31, 2020						For the Year Ended October 31, 2019
	Shares			Value			Shares			Value
Shares sold		19,547,998		$	184,362,937			20,828,825		$	208,889,608
Shares issued in reinvestment of dividends		527,497			5,121,989			—			—
Shares redeemed		(21,621,662	)		(204,884,402	)		(12,054,533	)		(120,020,953	)
Net increase (decrease)		(1,546,167	)	$	(15,399,476	)		8,774,292		$	88,868,655
	Class A
	For the Year Ended October 31, 2020						For the Year Ended October 31, 2019
	Shares			Value			Shares			Value
Shares sold		703,557		$	6,656,657			934,751		$	9,263,794
Shares issued in reinvestment of dividends		28,998			278,377			—			—
Shares redeemed		(1,832,787	)		(17,301,635	)		(3,676,154	)		(36,255,502	)
Net decrease		(1,100,232	)	$	(10,366,601	)		(2,741,403	)	$	(26,991,708	)
	Class C
	For the Year Ended October 31, 2020						For the Year Ended October 31, 2019
	Shares			Value			Shares			Value
Shares sold		81,189		$	715,500			4,737		$	43,600
Shares issued in reinvestment of dividends		219			2,012			—			—
Shares redeemed		(14,924	)		(131,245	)		(148,468	)		(1,379,865	)
Net increase (decrease)		66,484		$	586,267			(143,731	)	$	(1,336,265	)

Credit Suisse Managed Futures Strategy Fund
Notes to Consolidated Financial Statements (continued)
October 31, 2020

Note 6. Capital Share Transactions (continued)

On October 31, 2020, the number of shareholders that held 5% or more of the outstanding shares of each class of the Fund was as follows:

	Number of Shareholders		Approximate Percentage of Outstanding Shares
Class I		5		90	%
Class A		1		56	%
Class C		2		93	%

Note 7. Income Tax Information and Distributions to Shareholders

Income and capital gain distributions are determined in accordance with federal income tax regulations, which may differ from GAAP.

The tax character of dividends paid by the Fund during the fiscal years ended October 31, 2020 and 2019, respectively, was as follows:

Ordinary Income
2020		2019
$	5,702,436	$	0

The tax basis components of distributable earnings differ from the amounts reflected in the Consolidated Statement of Assets and Liabilities by temporary book/tax differences. These differences are primarily due to differing treatments of futures contracts marked to market and deferred operational expenses. At October 31, 2020, the components of distributable earnings on a tax basis were as follows:

Accumulated net realized loss	$	(33,000,164	)
Unrealized depreciation		(107,887	)
	$	(33,108,051	)

At October 31, 2020, the Fund had $24,377,533, of unlimited short-term capital loss carryforwards and $8,622,631 of unlimited long-term capital loss carryforwards available to offset possible future capital gains.

Credit Suisse Managed Futures Strategy Fund
Notes to Consolidated Financial Statements (continued)
October 31, 2020

Note 7. Income Tax Information and Distributions to Shareholders (continued)

At October 31, 2020, the cost and net unrealized appreciation (depreciation) of investments and derivatives for income tax purposes were as follows:

Cost of Investments	$	172,457,245
Unrealized appreciation	$	2,311,362
Unrealized depreciation		(2,453,883	)
Net unrealized appreciation (depreciation)	$	(142,521	)

To adjust for current period permanent book/tax differences which arose principally from differing book/tax treatment of foreign currency gain (loss), net operating losses, and Subsidiary accumulative income (loss), paid-in capital was credited $6,759,788 and distributable earnings (loss) was charged $6,759,788. Net assets were not affected by this reclassifications.

Note 8. Contingencies

Note 9. Subsequent Events

Credit Suisse Managed Futures Strategy Fund
Report of Independent Registered Public Accounting Firm

To the Board of Trustees of Credit Suisse Opportunity Funds and Shareholders
of Credit Suisse Managed Futures Strategy Fund

Opinion on the Consolidated Financial Statements

We have audited the accompanying consolidated statement of assets and liabilities, including the consolidated schedule of investments, of Credit Suisse Managed Futures Strategy Fund (one of the funds constituting Credit Suisse Opportunity Funds, referred to hereafter as the "Fund") as of October 31, 2020, the related consolidated statements of operations and changes in net assets, including the related notes, and the financial highlights for the year ended October 31, 2020 (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of October 31, 2020, and the results of its operations, changes in its net assets and the financial highlights for the year ended October 31, 2020 in conformity with accounting principles generally accepted in the United States of America.

The consolidated financial statements of the Fund as of and for the year ended October 31, 2019 and the consolidated financial highlights for each of the periods ended on or prior to October 31, 2019 (not presented herein, other than the consolidated statement of changes in net assets and the consolidated financial highlights) were audited by other auditors whose report dated December 20, 2019 expressed an unqualified opinion on those consolidated financial statements and consolidated financial highlights.

Basis for Opinion

Credit Suisse Managed Futures Strategy Fund
Report of Independent Registered Public Accounting Firm

examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of October 31, 2020 by correspondence with the custodian, and brokers, when replies were not received from brokers, we performed other auditing procedures. We believe that our audit provides a reasonable basis for our opinion.

PricewaterhouseCoopers LLP
New York, New York
December 23, 2020

We have served as the auditor of one or more Credit Suisse Asset Management, LLC investment companies since 2020.

Credit Suisse Managed Futures Strategy Fund
Information Concerning Trustees and Officers (unaudited)

Name, Address
(Year of Birth)

Position(s)
Held with
Fund

Term
of Office¹
and
Length
of Time
Served

Principal
Occupation(s) During
Past Five Years

Number of
Portfolios
in Fund
Complex
Overseen
by Trustee

Other
Trusteeships
Held by Trustee
During Past Five Years

Independent Trustees

Laura A. DeFelice
c/o Credit Suisse Asset
Management, LLC
Attn: General Counsel
Eleven Madison Avenue
New York, New York
10010
(1959)

Trustee, Nominating and Audit Committee member

Since 2017

None

Jeffrey E. Garten
c/o Credit Suisse Asset Management, LLC
Attn: General Counsel Eleven Madison Avenue New York, New York 10010
(1946)

Trustee, Nominating and Audit Committee member

Since Fund Inception

¹ Subject to the Trust's retirement policy, each Trustee may continue to serve as a Trustee until the last day of the calendar year in which the applicable Trustee attains age 75. Officer serves until his or her respective successor has been duly elected and qualified.

Credit Suisse Managed Futures Strategy Fund
Information Concerning Trustees and Officers (unaudited) (continued)

Name, Address
(Year of Birth)

Position(s)
Held with
Fund

Term
of Office¹
and
Length
of Time
Served

Principal
Occupation(s) During
Past Five Years

Number of
Portfolios
in Fund
Complex
Overseen
by Trustee

Other
Trusteeships
Held by Trustee
During Past Five Years

Independent Trustees

Mahendra R. Gupta
c/o Credit Suisse Asset
Management, LLC
Attn: General Counsel
Eleven Madison Avenue
New York, New York
10010
(1956)

Trustee, Nominating Committee member and Audit Committee Chairman

Since 2017

¹ Subject to the Trust's retirement policy, each Trustee may continue to serve as a Trustee until the last day of the calendar year in which the applicable Trustee attains age 75. Officer serves until his or her respective successor has been duly elected and qualified.

Credit Suisse Managed Futures Strategy Fund
Information Concerning Trustees and Officers (unaudited) (continued)

Name, Address
(Year of Birth)

Position(s)
Held with
Fund

Term
of Office¹
and
Length
of Time
Served

Principal
Occupation(s) During
Past Five Years

Number of
Portfolios
in Fund
Complex
Overseen
by Trustee

Other
Trusteeships
Held by Trustee
During Past Five Years

Independent Trustees

Steven N. Rappaport
c/o Credit Suisse Asset
Management, LLC
Attn: General Counsel
Eleven Madison Avenue
New York, New York
10010
(1948)

Chairman of the Board, Nominating Committee Chairman and Audit Committee member

Trustee since Fund Inception and Chairman since 2005

Partner of Lehigh Court, LLC and RZ Capital (private investment firms) from July 2002 to present; Partner of Backstage Acquisition Holdings, LLC (publication job postings) from November 2013 to 2018.

Interested Trustee

John G. Popp²Credit Suisse Asset
Management, LLC
Eleven Madison Avenue
New York, New York
10010
(1956)

Trustee, Chief Executive Officer and President

Trustee since 2017
Chief Executive Officer and President since 2010

None.

¹ Subject to the Trust's retirement policy, each Trustee may continue to serve as a Trustee until the last day of the calendar year in which the applicable Trustee attains age 75. Officer serves until his or her respective successor has been duly elected and qualified.

² Mr. Popp is an "interested person" of the Trust, as defined in the 1940 Act, by virtue of his current position as an officer of Credit Suisse.

Credit Suisse Managed Futures Strategy Fund
Information Concerning Trustees and Officers (unaudited) (continued)

Name, Address
(Year of Birth)

Position(s)
Held with
Fund

Term of
Office¹
and
Length of
Time
Served

Principal Occupation(s) During Past Five Years

Officers*

Emidio Morizio
Credit Suisse Asset
Management, LLC
Eleven Madison Avenue
New York, New York 10010
(1966)

Chief Compliance Officer

Since Fund Inception

Managing Director and Global Head of Compliance of Credit Suisse since 2010; Associated with Credit Suisse since July 2000; Officer of other Credit Suisse Funds.

Lou Anne McInnis
Credit Suisse Asset Management, LLC
Eleven Madison Avenue
New York, New York 10010
(1959)

Chief Legal Officer

Since 2015

Omar Tariq
Credit Suisse Asset
Management, LLC
Eleven Madison Avenue
New York, New York 10010
(1983)

Chief Financial Officer and Treasurer

Since 2019

Director of Credit Suisse since March 2019; Senior Manager of PriceWaterhouseCoopers, LLP from September 2010 to March 2019; Officer of other Credit Suisse Funds.

Karen Regan
Credit Suisse Asset
Management, LLC
Eleven Madison Avenue
New York, New York 10010
(1963)

Vice President and Secretary

Since 2010

Vice President of Credit Suisse; Associated with Credit Suisse since December 2004; Officer of other Credit Suisse Funds.

¹ Subject to the Trust's retirement policy, each Trustee may continue to serve as a Trustee until the last day of the calendar year in which the applicable Trustee attains age 75. Officer serves until his or her respective successor has been duly elected and qualified.

* The officers of the Fund shown are officers that make policy decisions.

The Statement of Additional Information includes additional information about the Trustees and is available, without charge, upon request, by calling 877-870-2874.

Credit Suisse Managed Futures Strategy Fund
Proxy Voting and Portfolio Holdings Information (unaudited)

• By calling 1-877-870-2874

• On the Fund's website, www.credit-suisse.com/us/funds

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

P.O. BOX 219916, KANSAS CITY, MO 64121-9916

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

CREDIT SUISSE SECURITIES (USA) LLC, DISTRIBUTOR. MFS-AR-1020

CREDIT SUISSE FUNDS

Annual Report

October 31, 2020

n CREDIT SUISSE
MULTIALTERNATIVE STRATEGY FUND

The Fund's investment objectives, risks, charges and expenses (which should be considered carefully before investing), and more complete information about the Fund, are provided in the Prospectus, which should be read carefully before investing. You may obtain additional copies by calling 877-870-2874 or by visiting our website at www.credit-suisse.com/us/funds.

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

Credit Suisse Multialternative Strategy Fund
Annual Investment Adviser's Report
October 31, 2020 (unaudited)

November 30, 2020

Dear Shareholder:

We are pleased to present this Annual Report covering the activities of the Credit Suisse Multialternative Strategy Fund (the "Fund") for the 12-month period ended October 31, 2020.

Performance Summary
11/01/19 – 10/31/20

Fund & Benchmarks	Performance
Class I¹		1.46	%
Class A^1,2		1.10	%
ICE BoFA 3-Month Treasury Bill Index³		0.90	%
Credit Suisse Liquid Alternative Beta Index⁵		3.70	%

Performance shown for the Fund's Class A shares does not reflect sales charges, which are a maximum of 5.25%.²

Market Review: A Period Marked By One Constant — Change

The annual period ended October 31, 2020 was an interesting one for Multialternative strategies, with the ICE BofA US 3-Month Treasury Bill Index gaining 0.90% and the Credit Suisse Liquid Alternative Beta Index gaining 3.70% over the same period. The Credit Suisse Hedge Fund Index, a previous benchmark of the Fund, was up 1.59% for the 1-year period ended October 31, 2020.

Credit Suisse Multialternative Strategy Fund
Annual Investment Adviser's Report (continued)
October 31, 2020 (unaudited)

Strategic Review and Outlook

The Credit Suisse Multialternative Strategy Fund is designed to provide investors with efficient exposure to a variety of investment strategies spanning a broad range of markets and asset classes.

For the annual period ended October 31, 2020, the Fund's Class I shares outperformed its benchmark.

Towards the latter part of Q4 2019, our models identified a shift in market regime from predominantly transitory to predominantly expansionary. This switch occurred against a backdrop of easing central bank policy, diminishing political tensions, and moderation in macro-economic signals. During Q4 2019, strategies linked to credit default risk and the term structure spread in sovereign bonds were major contributors.

Credit Suisse Multialternative Strategy Fund
Annual Investment Adviser's Report (continued)
October 31, 2020 (unaudited)

During Q1 2020, the Fund reduced Corporate exposures in favor of Sovereign and Real Asset exposures. Allocation to Tactical strategies (Flow, Intermediation, and Positioning), which focus on market structure and the behavior of market agents, rose relative to Fundamental strategies (Carry and Valuation), which focus on price and relative price determinants. Flow strategies, which take price discovery process risk and seek to exploit lead-lag effects attributable to the heterogeneity of physical and informational resource constraints among market participants, provided the largest positive contribution. Valuation strategies, which express a view that market pricing is inefficient on the basis of an alternative appraisal methodology and seek to profit from that inefficiency, implicitly taking appraisal risk, detracted the most from performance.

During Q2 2020, the Fund reduced Sovereign exposures in favor of Corporate and Real Asset exposures. Positions in Tactical strategies were up-weighted relative to Fundamental strategies. The period saw improving market sentiment, and the emergence of a predominantly transitory market environment, which contrasted with the contractionary market conditions at the end of Q1 2020. As economies reopened and economic data showed better-than-expected improvement, equity markets recovered losses while bonds continued to make gains. Carry strategies, which assume market pricing is efficient and accept absolute or relative price risk for a return if pricing remains consistent, provided the largest positive contribution while Positioning exposures, which take price elasticity risk, and express a view that market positioning imbalances engender skews in the probability distributions of assets price returns, detracted most.

During Q3 2020, the Fund reduced Real Asset and Sovereign exposures in favor of Corporate exposures. Positions in Tactical strategies were down-weighted relative to Fundamental strategies. Positioning exposures suffered losses which Intermediation strategies, which take inventory risk and extract economic rent for supplying balance sheet to the market and bridging temporal gaps in supply and demand, and Flow exposures partially offset with modest gains. The largest contribution came from Sovereign Flow and Sovereign Intermediation strategies while Real Positioning and Real Carry detracted the most.

During October, Carry strategies suffered, with Real Asset exposures detracting the most. Corporate Carry exposures also declined, as Real Asset Positioning strategies profited.

We continue to believe that the unique return profile of Multialternative strategy may appeal to investors interested in a core multi-strategy portfolio that seeks to provide breadth and balance, and draws on many hedge fund styles to offer diversification benefits to traditional portfolios.

Credit Suisse Multialternative Strategy Fund
Annual Investment Adviser's Report (continued)
October 31, 2020 (unaudited)

The Quantitative Investment Strategies Group

Yung-Shin Kung
Sheel Dhande

The use of alternative assets and strategies entails substantial risks, including risk of loss of principal, arbitrage or fundamental risk, below investment grade securities risk, commodity exposure risks, credit risk, derivatives risk, exchange-traded notes risk, fixed income risk, foreign securities risk, forwards risk, futures contracts risk, interest rate risk, leveraging risk, market risk, non-diversified status, options risk, portfolio turnover risk, risks of investing in other funds, small- and mid- cap stock risk, speculative exposure risk, subsidiary risk, swap agreements risk and tax risk. For a detailed discussion of these and other risks, please refer to the Fund's Prospectus, which should be read carefully before investing.

Credit Suisse Multialternative Strategy Fund
Annual Investment Adviser's Report (continued)
October 31, 2020 (unaudited)

Comparison of Change in Value of $10,000 Investment in the
Credit Suisse Multialternative Strategy Fund¹ Class I shares, Class A shares², the ICE BofA 3-Month Treasury Bill Index³, the Credit Suisse Hedge Fund Index⁴ and the Credit Suisse Liquid Alternative Beta Index⁵ from Inception (03/30/12)

¹ Fee waivers and/or expense reimbursements reduce expenses for the Fund, without which performance would be lower. The Fund has entered into a written contract limiting operating expenses to 0.85% of the Fund's average daily net assets for Class I shares and 1.10% of the Fund's average daily net assets for Class A shares at least through February 28, 2022. This limit excludes certain expenses, as set forth in the Fund's Prospectus.

² Total return for the Fund's Class A shares for the reporting period, based on offering price (including maximum sales charge of 5.25%), was (4.21)%.

³ The ICE BofA 3-Month Treasury Bill Index is comprised of a single issue purchased at the beginning of the month and held for a full month. Each month the index is rebalanced and the issue selected is the outstanding Treasury Bill that matures closest to, but not beyond 3 months from the rebalancing date. The index does not have transaction costs and investors may not invest directly in the index.

⁴Credit Suisse Hedge Fund Index is compiled by Credit Suisse Hedge Index LLC. It is an asset-weighted hedge fund index and includes only hedge funds. It is rebalanced quarterly, is shown net of all performance fees and provides a rules-based and investable index, enabling investors to utilize the performance of a diversified market barometer for the hedge fund industry. It is the exclusive property of Credit Suisse Asset Management, LLC. The index does not have transaction costs. Effective February 28, 2020, the ICE BofA 3-Month Treasury Bill Index replaced the Credit Suisse Hedge Fund Index as the broad-based securities market index against which the fund measures its performance. Credit Suisse believes the ICE BofA 3-Month Treasury Bill Index is more relevant to the fund's new investment objective and principal investment strategies.

⁵The Credit Suisse Liquid Alternative Beta Index reflects the return of a dynamic basket of liquid, investable market factors selected and weighted in accordance with an algorithm that aims to approximate the aggregate returns of the universe of hedge fund managers as represented by the Credit Suisse Hedge Fund Index. The index does not have transaction costs and investors may not invest directly in the index.

Credit Suisse Multialternative Strategy Fund
Annual Investment Adviser's Report (continued)
October 31, 2020 (unaudited)

Average Annual Returns as of October 31, 2020¹

	1 Year			5 Years			Since Inception²
Class I		1.46	%		1.13	%		1.83	%
Class A Without Sales Charge		1.10	%		0.85	%		1.56	%
Class A With Maximum Sales Charge		(4.21	)%		(0.23	)%		0.93	%

The annualized gross expense ratios are 1.94% for Class I shares and 2.19% for Class A shares. The annualized net expense ratios after fee waivers and/or expense reimbursements are 0.85% for Class I shares and 1.10% for Class A.

²Inception Date: March 30, 2012.

Credit Suisse Multialternative Strategy Fund
Annual Investment Adviser's Report (continued)
October 31, 2020 (unaudited)

Information About Your Fund's Expenses

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

Credit Suisse Multialternative Strategy Fund
Annual Investment Adviser's Report (continued)
October 31, 2020 (unaudited)

Expenses and Value for a $1,000 Investment
for the six-month period ended October 31, 2020

Actual Fund Return	Class I			Class A
Beginning Account Value 05/01/20	$	1,000.00		$	1,000.00
Ending Account Value 10/31/20	$	955.90		$	954.30
Expenses Paid per $1,000*	$	4.18		$	5.40
Hypothetical 5% Fund Return	$	1,000.00		$	1,000.00
Beginning Account Value 05/01/20	$	1,020.86		$	1,019.61
Ending Account Value 10/31/20	$	4.32		$	5.58
	Class I			Class A
Annualized Expense Ratios*		0.85	%		1.10	%

* 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 184/366 to reflect the one-half year period.

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

Investment Type Breakdown**

Common Stocks	7.35	%
Exchange-Traded Funds	20.42
United States Treasury Obligations	72.23
Total	100.00	%

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

Credit Suisse Multialternative Strategy Fund
Consolidated Schedule of Investments
October 31, 2020

	Number of Shares		Value
COMMON STOCKS (4.8%)
BELGIUM (0.1%)
Insurance (0.0%)
Ageas S.A.		385	$	15,506
Media (0.1%)
Telenet Group Holding NV		404		15,541
				31,047
CANADA (0.1%)
Capital Markets (0.0%)
CI Financial Corp.		1,237		14,408
IT Services (0.0%)
CGI, Inc.⁽¹⁾		231		14,322
Metals/Mining (0.1%)
Teck Resources Ltd., Class B		1,127		14,800
				43,530
DENMARK (0.2%)
Air Freight & Logistics (0.0%)
DSV Panalpina AS		96		15,577
Beverages (0.0%)
Carlsberg AS, Class B		116		14,689
Chemicals (0.0%)
Novozymes AS, Class B		249		14,977
Healthcare Equipment & Supplies (0.1%)
Demant AS⁽¹⁾		499		15,756
Marine (0.1%)
AP Moller - Maersk AS, Class A		11		16,266
AP Moller - Maersk AS, Class B		10		16,028
				32,294
Pharmaceuticals (0.0%)
Novo Nordisk AS, Class B		227		14,476
				107,769
FRANCE (0.1%)
Aerospace & Defense (0.1%)
Safran S.A.⁽¹⁾		159		16,774
Electrical Equipment (0.0%)
Schneider Electric SE		124		15,069
Entertainment (0.0%)
Vivendi S.A.		562		16,224
Oil, Gas & Consumable Fuels (0.0%)
Total SE		456		13,818

See Accompanying Notes to Consolidated Financial Statements.
9

Credit Suisse Multialternative Strategy Fund
Consolidated Schedule of Investments (continued)
October 31, 2020

	Number of Shares		Value
COMMON STOCKS (continued)
FRANCE
Real Estate Investment Trust (0.0%)
Klepierre S.A.		1,113	$	14,104
				75,989
GERMANY (0.1%)
Diversified Telecommunication Services (0.0%)
United Internet AG, Reg S		412		14,451
Insurance (0.1%)
Allianz SE, Reg S		82		14,447
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, Reg S		62		14,534
				28,981
				43,432
IRELAND (0.1%)
Building Products (0.0%)
Johnson Controls International PLC		387		16,335
Chemicals (0.0%)
Linde PLC		69		15,204
Electrical Equipment (0.0%)
Eaton Corp. PLC		155		16,087
Insurance (0.0%)
Aon PLC		78		14,353
Machinery (0.1%)
Pentair PLC		347		17,267
				79,246
ITALY (0.0%)
Automobiles (0.0%)
Ferrari NV		85		15,166
JERSEY (0.1%)
Containers & Packaging (0.0%)
Amcor PLC		1,487		15,509
Media (0.1%)
WPP PLC		2,027		16,159
Trading Companies & Distributors (0.0%)
Ferguson PLC		155		15,365
				47,033
NETHERLANDS (0.2%)
Chemicals (0.0%)
Akzo Nobel NV		155		14,912

See Accompanying Notes to Consolidated Financial Statements.
10

Credit Suisse Multialternative Strategy Fund
Consolidated Schedule of Investments (continued)
October 31, 2020

	Number of Shares		Value
COMMON STOCKS (continued)
NETHERLANDS
Diversified Telecommunication Services (0.1%)
Altice Europe NV⁽¹⁾		3,265	$	16,055
Food & Staples Retailing (0.0%)
Koninklijke Ahold Delhaize NV		528		14,478
Healthcare Equipment & Supplies (0.0%)
Koninklijke Philips NV⁽¹⁾		314		14,546
Insurance (0.0%)
NN Group NV		414		14,410
Personal Products (0.0%)
Unilever NV		260		14,660
Trading Companies & Distributors (0.1%)
AerCap Holdings NV⁽¹⁾		628		15,593
				104,654
SPAIN (0.0%)
Oil, Gas & Consumable Fuels (0.0%)
Repsol S.A.		2,338		14,681
SWEDEN (0.1%)
Diversified Telecommunication Services (0.1%)
Telia Co AB		3,850		14,726
Tobacco (0.0%)
Swedish Match AB		189		14,205
				28,931
SWITZERLAND (0.1%)
Electronic Equipment, Instruments & Components (0.1%)
TE Connectivity Ltd.		162		15,695
Pharmaceuticals (0.0%)
Novartis AG, Reg S		180		14,032
				29,727
UNITED KINGDOM (0.2%)
Beverages (0.0%)
Coca-Cola European Partners PLC		407		14,534
Capital Markets (0.0%)
Standard Life Aberdeen PLC		5,372		15,623
Media (0.0%)
Pearson PLC		2,210		14,573
Oil, Gas & Consumable Fuels (0.1%)
Royal Dutch Shell PLC, Class A		1,259		15,807
Textiles, Apparel & Luxury Goods (0.0%)
Burberry Group PLC		781		13,690

See Accompanying Notes to Consolidated Financial Statements.
11

Credit Suisse Multialternative Strategy Fund
Consolidated Schedule of Investments (continued)
October 31, 2020

	Number of Shares		Value
COMMON STOCKS (continued)
UNITED KINGDOM
Trading Companies & Distributors (0.1%)
Ashtead Group PLC		434	$	15,653
				89,880
UNITED STATES (3.4%)
Banks (0.4%)
Bank of America Corp.		656		15,547
Citigroup, Inc.		367		15,201
Citizens Financial Group, Inc.		625		17,031
Comerica, Inc.		413		18,796
JPMorgan Chase & Co.		166		16,275
M&T Bank Corp.		172		17,816
Regions Financial Corp.		1,371		18,234
The PNC Financial Services Group, Inc.		145		16,223
U.S. Bancorp		441		17,177
Wells Fargo & Co.		672		14,414
Zions Bancorp NA		541		17,458
				184,172
Biotechnology (0.1%)
Biogen, Inc.⁽¹⁾		56		14,116
Regeneron Pharmaceuticals, Inc.⁽¹⁾		28		15,220
				29,336
Building Products (0.0%)
Masco Corp.		287		15,383
Capital Markets (0.1%)
Ameriprise Financial, Inc.		103		16,566
Morgan Stanley		327		15,745
State Street Corp.		266		15,667
The Bank of New York Mellon Corp.		460		15,806
The Goldman Sachs Group, Inc.		79		14,934
				78,718
Chemicals (0.0%)
Celanese Corp., Series A		148		16,799
Communications Equipment (0.0%)
Juniper Networks, Inc.		735		14,494
Construction & Engineering (0.0%)
Jacobs Engineering Group, Inc.		171		16,245
Consumer Finance (0.1%)
Ally Financial, Inc.		631		16,835
Discover Financial Services		274		17,813
Synchrony Financial		604		15,112
				49,760

See Accompanying Notes to Consolidated Financial Statements.
12

Credit Suisse Multialternative Strategy Fund
Consolidated Schedule of Investments (continued)
October 31, 2020

	Number of Shares		Value
COMMON STOCKS (continued)
UNITED STATES
Diversified Financial Services (0.1%)
Equitable Holdings, Inc.		805	$	17,299
Voya Financial, Inc.		330		15,817
				33,116
Diversified Telecommunication Services (0.0%)
Liberty Global PLC, Class C⁽¹⁾		770		14,368
Electronic Equipment, Instruments & Components (0.0%)
Arrow Electronics, Inc.⁽¹⁾		201		15,656
Healthcare Providers & Services (0.1%)
DaVita, Inc.⁽¹⁾		185		15,956
McKesson Corp.		106		15,634
Molina Healthcare, Inc⁽¹⁾.		77		14,358
Universal Health Services, Inc. Class B		148		16,214
				62,162
Healthcare Technology (0.0%)
Cerner Corp.		219		15,350
Hotels, Restaurants & Leisure (0.1%)
Domino's Pizza, Inc.		37		13,998
MGM Resorts International		727		14,954
				28,952
Insurance (0.1%)
Loews Corp.		455		15,779
The Allstate Corp.		168		14,910
				30,689
Internet Software & Services (0.1%)
eBay, Inc.		303		14,432
Expedia Group, Inc.		172		16,194
				30,626
IT Services (0.0%)
GoDaddy, Inc., Class A⁽¹⁾		208		14,714
Life Sciences Tools & Services (0.0%)
Waters Corp.⁽¹⁾		81		18,048
Machinery (0.1%)
Caterpillar, Inc.		107		16,804
Cummins, Inc.		75		16,492
				33,296

See Accompanying Notes to Consolidated Financial Statements.
13

Credit Suisse Multialternative Strategy Fund
Consolidated Schedule of Investments (continued)
October 31, 2020

	Number of Shares		Value
COMMON STOCKS (continued)
UNITED STATES
Media (0.1%)
Altice U.S.A., Inc., Class⁽¹⁾		583	$	15,712
Charter Communications, Inc., Class A⁽¹⁾		25		15,096
Discovery, Inc., Class C⁽¹⁾		807		14,784
				45,592
Metals/Mining (0.0%)
Steel Dynamics, Inc.		552		17,377
Oil, Gas & Consumable Fuels (0.0%)
Cabot Oil & Gas Corp.		911		16,207
Pharmaceuticals (1.5%)
MyoKardia, Inc.⁽¹⁾		3,533		789,731
Road & Rail (0.1%)
CSX Corp.		204		16,104
Kansas City Southern		87		15,324
				31,428
Semiconductor Equipment & Products (0.1%)
Intel Corp.		305		13,506
QUALCOMM, Inc.		134		16,530
				30,036
Software (0.1%)
Citrix Systems, Inc.		115		13,026
Fortinet, Inc.⁽¹⁾		134		14,790
NortonLifeLock, Inc.		759		15,613
Oracle Corp.		266		14,925
				58,354
Specialty Retail (0.1%)
AutoZone, Inc.⁽¹⁾		13		14,677
Ulta Beauty, Inc.⁽¹⁾		71		14,680
				29,357
Technology Hardware & Storage (0.1%)
Apple, Inc.		137		14,914
NetApp, Inc.		364		15,976
				30,890
Textiles, Apparel & Luxury Goods (0.0%)
Ralph Lauren Corp.		233		15,576
Trading Companies & Distributors (0.0%)
United Rentals, Inc.⁽¹⁾		91		16,224
				1,782,656
TOTAL COMMON STOCKS (Cost $2,482,888)				2,493,741

See Accompanying Notes to Consolidated Financial Statements.
14

Credit Suisse Multialternative Strategy Fund
Consolidated Schedule of Investments (continued)
October 31, 2020

	Number of Shares		Value
EXCHANGE-TRADED FUNDS (13.4%)
UNITED STATES (13.4%)
Commingled Funds (8.2%)
Invesco QQQ Trust Series 1		556	$	149,775
iShares 3-7 Year Treasury Bond ETF		11,219		1,491,118
Vanguard Short-Term Inflation-Protected Securities ETF		51,630		2,614,543
				4,255,436
Diversified Financial Services (1.7%)
Consumer Discretionary Select Sector SPDR Fund		1,618		231,326
iShares MSCI Emerging Markets ETF		3,636		162,566
iShares MSCI Germany ETF		2,726		71,639
Materials Select Sector SPDR Fund		1,266		79,986
SPDR S&P 500 ETF Trust		945		308,580
				854,097
Energy - Integrated (3.2%)
Alerian MLP ETF⁽²⁾		79,711		1,662,771
Technology (0.3%)
Technology Select Sector SPDR Fund		1,357		150,437
TOTAL EXCHANGE-TRADED FUNDS (Cost $6,952,638)				6,922,741

Par (000)			Ratings† (S&P/Moody's)	Maturity	Rate%
UNITED STATES TREASURY OBLIGATIONS (47.4%)
$	7,500	United States Treasury Bills⁽³⁾	(AA+, Aaa)	12/31/20		0.583		7,498,986
	5,000	United States Treasury Bills⁽³⁾	(AA+, Aaa)	06/17/21		0.119		4,997,084
	6,000	United States Treasury Bills⁽³⁾	(AA+, Aaa)	07/15/21		0.140		5,995,962
	6,000	United States Treasury Bills⁽³⁾	(AA+, Aaa)	08/12/21		0.108		5,995,519
TOTAL UNITED STATES TREASURY OBLIGATIONS (Cost $24,477,881)								24,487,551
					Number of Shares
SHORT-TERM INVESTMENTS (3.4%)
State Street Navigator Securities Lending Government Money Market Portfolio, 0.09%⁽⁴⁾ (Cost $1,733,475)						1,733,475		1,733,475
TOTAL INVESTMENTS AT VALUE (69.0%) (Cost $35,646,882)								35,637,508
OTHER ASSETS IN EXCESS OF LIABILITIES (31.0%)								16,094,931
NET ASSETS (100.0%)							$	51,732,439

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

⁽¹⁾ Non-income producing security.

⁽²⁾ Security or portion thereof is out on loan (See note 2-M).

⁽³⁾ Securities are zero coupon. Rate presented is yield to maturity as of October 31, 2020.

⁽⁴⁾ Represents security purchased with cash collateral received for securities on loan. The rate shown is the annualized one-day yield at October 31, 2020.

See Accompanying Notes to Consolidated Financial Statements.
15

Credit Suisse Multialternative Strategy Fund
Consolidated Schedule of Investments (continued)
October 31, 2020

Forward Foreign Currency Contracts

Forward Currency to be Purchased (Local)		Forward Currency to be Sold (Local)		Expiration Date	Counterparty	Value on Settlement Date			Current Value/ Notional			Net Unrealized Appreciation (Depreciation)
KRW	1,252,505,010	USD	1,056,922	12/16/20	JPMorgan Chase	$	1,056,922		$	1,103,802		$	46,880
USD	748,035	PEN	2,645,876	12/16/20	JPMorgan Chase		(748,035	)		(732,072	)		15,963
USD	439,657	COP	1,642,777,937	12/16/20	JPMorgan Chase		(439,657	)		(425,418	)		14,239
USD	310,026	RUB	23,622,047	12/16/20	JPMorgan Chase		(310,026	)		(295,897	)		14,129
USD	295,526	NGN	114,203,053	12/16/20	JPMorgan Chase		(295,526	)		(292,972	)		2,554
USD	268,800	EUR	230,007	12/16/20	JPMorgan Chase		(268,800	)		(268,201	)		599
USD	107,539	DKK	685,176	12/16/20	JPMorgan Chase		(107,539	)		(107,317	)		222
USD	42,550	CAD	56,678	12/16/20	JPMorgan Chase		(42,550	)		(42,517	)		33
USD	14,140	CHF	12,933	12/16/20	JPMorgan Chase		(14,140	)		(14,130	)		10
USD	105,331	GBP	81,432	12/16/20	JPMorgan Chase		(105,331	)		(105,326	)		5
USD	29,099	SEK	259,473	12/16/20	JPMorgan Chase		(29,099	)		(29,167	)		(68	)
USD	5,116,507	HKD	39,686,374	12/16/20	Morgan Stanley		(5,116,507	)		(5,117,421	)		(914	)
USD	1,062,869	MXN	23,119,100	12/16/20	JPMorgan Chase		(1,062,869	)		(1,081,498	)		(18,629	)
												$	75,023

Futures Contracts

Contract Description	Currency	Expiration Date	Number of Contracts		Notional Value		Net Unrealized Appreciation (Depreciation)
Contracts to Purchase
Agriculture
Coffee "C" Futures	USD	Mar 2021		29	$	1,161,994	$	(12,574	)
Corn Futures	USD	Mar 2021		154		3,105,025		(72,618	)
Cotton No. 2 Futures	USD	Mar 2021		22		767,580		(16,966	)
Wheat Futures	USD	Mar 2021		85		2,550,000		(64,595	)
							$	(166,753	)
Energy
Brent Crude Oil Futures	USD	Mar 2021		51		1,981,350	$	(73,274	)
Foreign Exchange Contracts
AUD Currency Futures	USD	Dec 2020		3		210,900	$	(7,335	)
CAD Currency Futures	USD	Dec 2020		6		450,570		(4,724	)
EUR Currency Futures	USD	Dec 2020		3		437,062		(6,692	)
GBP Currency Futures	USD	Dec 2020		5		405,031		293
JPY Currency Futures	USD	Dec 2020		5		597,344		8,050
							$	(10,408	)
Index Contracts
EURO Stoxx 50 Index Dividend Futures	EUR	Dec 2020		22		213,214	$	(1,354	)
EURO Stoxx 50 Index Dividend Futures	EUR	Dec 2021		108		891,949		(105,617	)
							$	(106,971	)

See Accompanying Notes to Consolidated Financial Statements.
16

Credit Suisse Multialternative Strategy Fund
Consolidated Schedule of Investments (continued)
October 31, 2020

Futures Contracts (continued)

Contract Description	Currency	Expiration Date	Number of Contracts			Notional Value			Net Unrealized Appreciation (Depreciation)
Industrial Metals
LME Nickel Futures	USD	Nov 2020		3		$	272,304		$	9,794
LME Nickel Futures	USD	Jan 2021		3			272,799			11,380
LME Primary Aluminum Futures	USD	Nov 2020		9			417,037			17,190
LME Primary Aluminum Futures	USD	Jan 2021		9			416,588			16,322
LME Zinc Futures	USD	Nov 2020		5			314,406			21,144
LME Zinc Futures	USD	Jan 2021		5			315,313			11,650
									$	87,480
Interest Rate Contracts
10YR AUD Bond Futures	AUD	Dec 2020		52			5,459,809		$	(20,107	)
10YR CAD Bond Futures	CAD	Dec 2020		75			8,495,894			(13,578	)
10YR U.S. Treasury Note Futures	USD	Dec 2020		60			8,293,125			(25,007	)
30YR U.S. Treasury Bond Futures	USD	Dec 2020		3			517,406			(1,227	)
									$	(59,919	)
Livestock
Lean Hogs Futures	USD	Feb 2021		33			865,260		$	(12,457	)
Live Cattle Futures	USD	Feb 2021		39			1,722,240			32,090
									$	19,633
Precious Metals
Copper Futures	USD	Mar 2021		51			3,891,937		$	(26,397	)
Gold 100 OZ Futures	USD	Feb 2021		44			8,303,680			(34,148	)
Silver Futures	USD	Mar 2021		21			2,498,895			(18,161	)
									$	(78,706	)
Contracts to Sell
Agriculture
Coffee "C" Futures	USD	Dec 2020		(29	)		(1,135,350	)	$	10,517
Corn Futures	USD	Dec 2020		(154	)		(3,068,450	)		90,757
Cotton No. 2 Futures	USD	Dec 2020		(22	)		(758,120	)		17,149
Wheat Futures	USD	Dec 2020		(85	)		(2,543,625	)		71,117
									$	189,540
Energy
Brent Crude Oil Futures	USD	Jan 2021		(51	)		(1,934,940	)	$	79,956
Index Contracts
S&P 500 E Mini Index Futures	USD	Dec 2020		(5	)		(816,175	)	$	8,997
EURO Stoxx 50 Index Futures	EUR	Dec 2020		(20	)		(689,358	)		1,186
Hang Seng Index Futures	HKD	Nov 2020		(1	)		(155,754	)		4,579
FTSE 100 Index Futures	GBP	Dec 2020		(1	)		(71,936	)		6,808
									$	21,570

See Accompanying Notes to Consolidated Financial Statements.
17

Credit Suisse Multialternative Strategy Fund
Consolidated Schedule of Investments (continued)
October 31, 2020

Futures Contracts (continued)

Contract Description	Currency	Expiration Date	Number of Contracts			Notional Value			Net Unrealized Appreciation (Depreciation)
Industrial Metals
LME Nickel Futures	USD	Nov 2020		(3	)	$	(272,304	)	$	(11,503	)
LME Nickel Futures	USD	Jan 2021		(3	)		(272,799	)		(9,799	)
LME Primary Aluminum Futures	USD	Nov 2020		(9	)		(417,038	)		(20,453	)
LME Primary Aluminum Futures	USD	Jan 2021		(9	)		(416,588	)		(15,153	)
LME Zinc Futures	USD	Nov 2020		(5	)		(314,406	)		(11,900	)
LME Zinc Futures	USD	Jan 2021		(5	)		(315,312	)		(20,481	)
									$	(89,289	)
Interest Rate Contracts
10YR JGB Mini Futures	JPY	Dec 2020		(44	)		(6,392,501	)	$	9,495
EURO Bund Futures	EUR	Dec 2020		(39	)		(8,002,341	)		(38,345	)
Long Gilt Futures	GBP	Dec 2020		(50	)		(8,771,714	)		21,843
									$	(7,007	)
Livestock
Lean Hogs Futures	USD	Dec 2020		(33	)		(865,590	)	$	11,933
Live Cattle Futures	USD	Dec 2020		(39	)		(1,689,480	)		(40,900	)
									$	(28,967	)
Precious Metals
Copper Futures	USD	Dec 2020		(51	)		(3,885,562	)	$	27,641
Gold 100 OZ Futures	USD	Dec 2020		(44	)		(8,271,560	)		33,532
Silver Futures	USD	Dec 2020		(21	)		(2,482,830	)		17,974
									$	79,147
									$	(143,968	)

Total Return Swap Contracts

Currency

Notional
Amount

Expiration
Date

Counterparty

Receive

Pay

Periodic
Payment
Frequency

Upfront
Premiums
Paid/
(Received)

Net Unrealized
Appreciation
(Depreciation)

USD

5,280,297

09/24/21

Bank of
America

Bank of
America
Equities US
Volatility
Carry Hourly
Hedged
Index^(b)

0.00

At
Maturity

—

(69,785

)

See Accompanying Notes to Consolidated Financial Statements.
18

Credit Suisse Multialternative Strategy Fund
Consolidated Schedule of Investments (continued)
October 31, 2020

Total Return Swap Contracts (continued)

Currency	Notional Amount		Expiration Date	Counterparty	Receive	Pay			Periodic Payment Frequency	Upfront Premiums Paid/ (Received)			Net Unrealized Appreciation (Depreciation)
USD	$	2,844,785	11/20/20	Barclays Bank PLC	Shiller Barclays CAPE US Mid-Month Sector Market Hedged ER Index^(b)		0.60	%	At Maturity	$	—		$	53,907
USD		10,640,137	11/20/20	Barclays Bank PLC	Barclays Commodity Hedging Insights 2 Index^(b)		0.15	%	At Maturity		—			(246,433	)
USD		1,662,055	11/20/20	Barclays Bank PLC	Shiller Barclays CAPE US Mid-Month Sector Market Hedged ER Index^(b)		0.35	%	At Maturity		—			10,979
USD		10,416,062	06/04/21	Barclays Bank PLC	Barclays Month End Rebalancing Currency Index ER^(b)		0.20	%	At Maturity		—			45,754
USD		3,727,750	03/31/21	BNP Paribas	USD Custom Equity Basket Long 2^(b)		0.35	%	Monthly		—			—
USD		1,350,118	06/04/21	BNP Paribas	BNP Paribas VOLA Index ER^(b)		0.35	%	At Maturity		—			12,216
USD		4,000,001	06/21/21	BNP Paribas	iBoxx $ Liquid High Yield Index		0.23	%	Quarterly		(1,511	)		(48,224	)
USD		489,515	06/30/21	BNP Paribas	USD Custom Equity Basket Long 2^(b)		0.34	%	Monthly		—			(55,638	)
USD		673,436	06/30/21	BNP Paribas	USD Custom Equity Basket Long 2^(b)		0.35	%	Monthly		—			—
USD		306,193	08/03/21	BNP Paribas	USD Custom Equity Basket Long^(b)		0.34	%	Monthly		—			(10,549	)
USD		743,793	08/03/21	BNP Paribas	(0.25)%	USD Custom Equity Basket Short^(b)			Monthly		—			36,630

See Accompanying Notes to Consolidated Financial Statements.
19

Credit Suisse Multialternative Strategy Fund
Consolidated Schedule of Investments (continued)
October 31, 2020

Total Return Swap Contracts (continued)

Currency	Notional Amount		Expiration Date	Counterparty	Receive	Pay			Periodic Payment Frequency	Upfront Premiums Paid/ (Received)		Net Unrealized Appreciation (Depreciation)
USD	$	423,135	08/03/21	BNP Paribas	USD Custom Equity Basket Long^(b)		0.36	%	Monthly	$	—	$	(24,282	)
USD		37,247	08/24/21	BNP Paribas	MSCI Daily Emerging Markets Net Total Return Index		0.29	%	Monthly		—		2,188
USD		18,295	08/24/21	BNP Paribas	Materials Select Sector TR		0.36	%	Monthly		—		363
USD		53,646	08/24/21	BNP Paribas	Consumer Discretionary Select Sector Total Return		0.34	%	Monthly		—		338
USD		2,803,554	09/09/21	BNP Paribas	BNP Alpha Momentum ex-Agriculture and Livestock Net Index^(b)		0.30	%	At Maturity		—		(657	)
USD		10,418,129	09/09/21	BNP Paribas	Dynamic Pre-Roll Alpha ex-Agriculture and Livestock Index^(b)		0.10	%	At Maturity		—		5,739
EUR		10,274,284	09/30/21	BNP Paribas	BNP Paribas Equity Low Vol Europe Index^(b)		0.04	%	At Maturity		—		10,058
USD		1,430,036	09/09/21	Citigroup	Citi Pure Estimates Momentum US Long-Short TR Index^(b)		0.95	%	At Maturity		—		(9,684	)
USD		7,414	10/27/21	Goldman Sachs	Achillion Pharmaceuticals CVR		0.46	%	Monthly		—		2
USD		23,158	12/04/20	Goldman Sachs	Bloomberg Energy Index		0.11	%	At Maturity		—		(1,114	)
USD		1,794,833	11/20/20	Goldman Sachs	Goldman Sachs RP 109 Long Short Series SR Excess Return Strategy^(b)		(0.60	)%	At Maturity		—		46,427

See Accompanying Notes to Consolidated Financial Statements.
20

Credit Suisse Multialternative Strategy Fund
Consolidated Schedule of Investments (continued)
October 31, 2020

Total Return Swap Contracts (continued)

Currency	Notional Amount		Expiration Date	Counterparty	Receive	Pay			Periodic Payment Frequency	Upfront Premiums Paid/ (Received)			Net Unrealized Appreciation (Depreciation)
USD	$	1,626,251	11/20/20	Goldman Sachs	Goldman Sachs RP 112 Long Short Series SR Excess Return Strategy^(b)		(0.60	)%	At Maturity	$	—		$	(42,123	)
USD		620,725	11/20/20	Goldman Sachs	Goldman Sachs RP 110 Long Short Series SR Excess Return Strategy^(b)		(0.60	)%	At Maturity		—			(6,764	)
USD		278,409	12/04/20	Goldman Sachs	Bloomberg Industrial Metals Index		0.12	%	At Maturity		—			2,300
USD		162,739	12/04/20	Goldman Sachs	Bloomberg Precious Metals Index		0.11	%	At Maturity		—			154
USD		326,648	12/04/20	Goldman Sachs	Bloomberg Agriculture Index		0.17	%	At Maturity		—			23,625
USD		100,001	12/21/20	Goldman Sachs	iBoxx $ Liquid High Yield Index		0.23	%	Quarterly		(719	)		(1,785	)
USD		399,993	03/22/21	Goldman Sachs	0.23%	iBoxx $ Liquid High Yield Index			Quarterly		1,041			(17,183	)
USD		10,473,600	07/16/21	Goldman Sachs	Goldman Sachs Commodity Strategy Index^(b)		0.00	%	At Maturity		—			47,754
USD		5,556,864	07/16/21	Goldman Sachs	Goldman Sachs DISP U.S. Index^(b)		0.00	%	At Maturity		—			(133,561	)
USD		8,467,949	07/16/21	Goldman Sachs	Goldman Sachs VVOL Carry ER^(b)		0.00	%	At Maturity		—			1,119
USD		76,079	09/02/21	Goldman Sachs	Aimmune Therapeutics, Inc.		0.52	%	Monthly		—			131
USD		412,193	09/02/21	Goldman Sachs	(0.24)%	Builders Firstsource, Inc.			Monthly		—			38,145
USD		408,504	09/02/21	Goldman Sachs	BMC Stock Holdings, Inc.		0.52	%	Monthly		—			(36,119	)

See Accompanying Notes to Consolidated Financial Statements.
21

Credit Suisse Multialternative Strategy Fund
Consolidated Schedule of Investments (continued)
October 31, 2020

Total Return Swap Contracts (continued)

Currency	Notional Amount		Expiration Date	Counterparty	Receive	Pay			Periodic Payment Frequency	Upfront Premiums Paid/ (Received)			Net Unrealized Appreciation (Depreciation)
USD	$	10,404,703	09/09/21	Goldman Sachs	Goldman Sachs Commodities Seasonality Index^(b)		0.00	%	At Maturity	$	—		$	16,272
USD		1,029,544	09/09/21	Goldman Sachs	Goldman Sachs RP 110 Long Short Series SR Excess Return Strategy^(b)		(0.60	)%	At Maturity		—			(4,914	)
USD		55,028	10/08/21	Goldman Sachs	0.52%	Aimmune Therapeutics, Inc.			Monthly		—			104
USD		303,433	10/12/21	Goldman Sachs	(0.23)%	Builders Firstsource, Inc.			Monthly		—			32,982
USD		301,887	10/12/21	Goldman Sachs	BMC Stock Holdings, Inc.		0.52	%	Monthly		—			(32,674	)
USD		5,011,708	11/20/20	JPMorgan Chase	J.P. Morgan Helix 3 Index^(a)		0.60	%	At Maturity		—			10,117
USD		4,874,262	11/20/20	JPMorgan Chase	J.P. Morgan Seasonal Spreads Portfolio Commodity Index^(a)		0.60	%	At Maturity		—			32,823
USD		3,286,541	11/20/20	JPMorgan Chase	J.P. Morgan Helix 3 Index^(a)		0.35	%	At Maturity		—			4,477
USD		10,439,463	11/20/20	JPMorgan Chase	J.P. Morgan Commodities Fundamental Value Index^(b)		0.80	%	At Maturity		—			23,820
USD		2,800,001	12/02/20	JPMorgan Chase	J.P. Morgan EMBI Global Core		1.05	%	Quarterly		—			(83,473	)
USD		900,001	12/21/20	JPMorgan Chase	iBoxx $ Liquid High Yield Index		0.15	%	Quarterly		(223	)		107,099
USD		999,993	12/21/20	JPMorgan Chase	0.25%	iBoxx $ Liquid High Yield Index			Quarterly		720			5,868
USD		299,993	12/21/20	JPMorgan Chase	0.23%	iBoxx $ Liquid High Yield Index			Quarterly		45			4,585
EUR		1,089	12/28/20	JPMorgan Chase	Aroundtown SA		(0.17	)%	Monthly		—			(78	)

See Accompanying Notes to Consolidated Financial Statements.
22

Credit Suisse Multialternative Strategy Fund
Consolidated Schedule of Investments (continued)
October 31, 2020

Total Return Swap Contracts (continued)

Currency	Notional Amount		Expiration Date	Counterparty	Receive	Pay			Periodic Payment Frequency	Upfront Premiums Paid/ (Received)			Net Unrealized Appreciation (Depreciation)
USD	$	300,001	03/22/21	JPMorgan Chase	iBoxx $ Liquid High Yield Index		0.23	%	Quarterly	$	(716	)	$	1,510
USD		4,199,986	06/21/21	JPMorgan Chase	0.23%	iBoxx $ Liquid High Yield Index			Quarterly		1,657			22,948
USD		82,261	08/20/21	JPMorgan Chase	Fitbit, Inc.		0.55	%	Monthly		—			1,791
USD		120,599	08/20/21	JPMorgan Chase	Maxim Integrated Products		0.55	%	Monthly		—			2,474
USD		153,272	08/20/21	JPMorgan Chase	National General Holdings Corp.		0.55	%	Monthly		—			816
USD		89,364	08/20/21	JPMorgan Chase	Wright Medical Group NV		0.55	%	Monthly		—			205
USD		129,769	08/20/21	JPMorgan Chase	(0.25)%	Analog Devices, Inc.			Monthly		—			(2,148	)
USD		119,949	09/03/21	JPMorgan Chase	Fitbit, Inc.		0.54	%	Monthly		—			2,611
USD		223,556	09/03/21	JPMorgan Chase	National General Holdings Corp.		0.54	%	Monthly		—			1,191
USD		175,813	09/03/21	JPMorgan Chase	Maxim Integrated Products		0.54	%	Monthly		—			3,606
USD		130,321	09/03/21	JPMorgan Chase	Wright Medical Group NV		0.54	%	Monthly		—			299
USD		189,235	09/03/21	JPMorgan Chase	(0.26)%	Analog Devices, Inc.			Monthly		—			(3,132	)
USD		372,206	09/07/21	JPMorgan Chase	Varian Medical Systems, Inc.		0.54	%	Monthly		—			2,079
USD		3,302,895	09/09/21	JPMorgan Chase	J.P. Morgan Seasonal Spreads Portfolio Commodity Index^(a)		0.60	%	At Maturity		—			(2,318	)
USD		9,859,383	09/09/21	JPMorgan Chase	J.P. Morgan Equities Turn-of the Month Seasonality Index^(b)		0.00	%	At Maturity		—			(9,018	)

See Accompanying Notes to Consolidated Financial Statements.
23

Credit Suisse Multialternative Strategy Fund
Consolidated Schedule of Investments (continued)
October 31, 2020

Total Return Swap Contracts (continued)

Currency	Notional Amount		Expiration Date	Counterparty	Receive	Pay			Periodic Payment Frequency	Upfront Premiums Paid/ (Received)		Net Unrealized Appreciation (Depreciation)
CHF	$	372,604	09/20/21	JPMorgan Chase	Sunrise Communications Group		(0.45	)%	Monthly	$	—	$	5,822
USD		164,184	10/18/21	JPMorgan Chase	Immunomedics, Inc.		0.55	%	Monthly		—		4,073
USD		221,384	10/18/21	JPMorgan Chase	Virtusa Corp.		0.55	%	Monthly		—		3,760
USD		391,001	11/01/21	JPMorgan Chase	Sina Corp.		0.55	%	Monthly		—		3,220
USD		146,472	11/08/21	JPMorgan Chase	Fitbit, Inc.		0.55	%	Monthly		—		2,918
USD		118,463	11/08/21	JPMorgan Chase	0.55%	Immunomedics, Inc.			Monthly		—		3,154
USD		272,957	11/08/21	JPMorgan Chase	National General Holdings Corp.		0.55	%	Monthly		—		978
USD		259,796	11/08/21	JPMorgan Chase	Sina Corp.		0.55	%	Monthly		—		1,162
USD		269,202	11/08/21	JPMorgan Chase	Varian Medical Systems, Inc.		0.55	%	Monthly		—		1,403
USD		162,350	11/08/21	JPMorgan Chase	Virtusa Corp.		0.55	%	Monthly		—		421
USD		243,626	11/09/21	JPMorgan Chase	(0.25)%	Analog Devices, Inc.			Monthly		—		9,181
USD		229,069	11/09/21	JPMorgan Chase	Maxim Integrated Products		0.54	%	Monthly		—		(10,367	)
CHF		272,315	11/09/21	JPMorgan Chase	Sunrise Communications Group		(0.45	)%	Monthly		—		2,424
USD		414,586	11/22/21	JPMorgan Chase	(0.26)%	Conoco Philips			Monthly		—		28,366
USD		410,842	11/22/21	JPMorgan Chase	Concho Resources, Inc.		0.55	%	Monthly		—		(27,164	)
USD		117,177	11/23/21	JPMorgan Chase	(0.25)%	Analog Devices, Inc.			Monthly		—		5,172
USD		342,675	11/23/21	JPMorgan Chase	(0.26)%	Conoco Philips			Monthly		—		41,142
USD		339,196	11/23/21	JPMorgan Chase	Concho Resources, Inc.		0.56	%	Monthly		—		(39,659	)
USD		70,654	11/23/21	JPMorgan Chase	Fitbit, Inc.		0.56	%	Monthly		—		669
USD		109,143	11/23/21	JPMorgan Chase	Maxim Integrated Products		0.56	%	Monthly		—		(4,737	)

See Accompanying Notes to Consolidated Financial Statements.
24

Credit Suisse Multialternative Strategy Fund
Consolidated Schedule of Investments (continued)
October 31, 2020

Total Return Swap Contracts (continued)

Currency	Notional Amount		Expiration Date	Counterparty	Receive	Pay			Periodic Payment Frequency	Upfront Premiums Paid/ (Received)			Net Unrealized Appreciation (Depreciation)
USD	$	130,732	11/23/21	JPMorgan Chase	National General Holdings Corp.		0.56	%	Monthly	$	—		$	53
USD		131,295	11/23/21	JPMorgan Chase	Sina Corp.		0.56	%	Monthly		—			(44	)
USD		129,052	11/23/21	JPMorgan Chase	Varian Medical Systems, Inc.		0.56	%	Monthly		—			204
USD		77,971	11/23/21	JPMorgan Chase	Virtusa Corp.		0.56	%	Monthly		—			(257	)
USD		744,272	11/29/21	JPMorgan Chase	Parsley Energy, Inc.		0.55	%	Monthly		—			3,706
USD		780,161	11/29/21	JPMorgan Chase	PNM Resources, Inc.		0.55	%	Monthly		—			2,640
USD		750,842	11/29/21	JPMorgan Chase	(0.25)%	Pioneer Natural Resources Co.			Monthly		—			8,793
USD		2,221,811	11/20/20	Macquarie Bank Ltd.	Commodities WTI Mean Reversion^(b)		0.15	%	At Maturity		—			160,017
USD		365,682	04/05/21	Macquarie Bank Ltd.	Commodities WTI Mean Reversion^(b)		0.15	%	At Maturity		—			88,000
USD		4,705,790	11/20/20	Morgan Stanley	GC Intraday Momentum Index^(d)		0.15	%	At Maturity		—			(98,221	)
USD		99,997	12/21/20	Morgan Stanley	iBoxx $ Liquid High Yield Index		0.54	%	Quarterly		(430	)		(1,464	)
USD		1,100,001	03/22/21	Morgan Stanley	iBoxx $ Liquid High Yield Index		0.23	%	Quarterly		(2,148	)		56,850
USD		3,444,481	04/20/21	Morgan Stanley	GC Intraday Momentum Index^(d)		0.15	%	At Maturity		—			(98,592	)
USD		2,509,203	06/04/21	Morgan Stanley	GC Intraday Momentum Index^(d)		0.15	%	At Maturity		—			(18,659	)
USD		1,200,001	06/21/21	Morgan Stanley	iBoxx $ Liquid High Yield Index		0.23	%	Quarterly		(250	)		(22,185	)
USD		100,001	06/21/21	Morgan Stanley	iBoxx $ Liquid High Yield Index		0.23	%	Quarterly		(11	)		(1,737	)

See Accompanying Notes to Consolidated Financial Statements.
25

Credit Suisse Multialternative Strategy Fund
Consolidated Schedule of Investments (continued)
October 31, 2020

Total Return Swap Contracts (continued)

Currency	Notional Amount		Expiration Date	Counterparty	Receive	Pay			Periodic Payment Frequency	Upfront Premiums Paid/ (Received)			Net Unrealized Appreciation (Depreciation)
USD	$	10,421,329	09/09/21	Morgan Stanley	Morgan Stanley Soy Dynamic Congestion Index^(b)		0.25	%	At Maturity	$	—		$	(5,275	)
USD		10,544,920	09/30/21	Morgan Stanley	Morgan Stanley Commodities Curve Carry Index^(b)		0.35	%	At Maturity		—			(42,674	)
USD		8,451,046	11/20/20	Societe Generale	SG US Trend Index^(c)		0.30	%	At Maturity		—			(51,003	)
USD		3,221,471	04/20/21	Societe Generale	0.25%	S&P 500 Total Return Index			Monthly		—			123,451
USD		1,362,894	06/04/21	Societe Generale	SGI VRR US Index^(b)		0.29	%	At Maturity		—			(12,440	)
USD		10,545,808	06/09/21	Societe Generale	SGI Commodity Dynamic Alpha VT6 Index^(b)		1.20	%	At Maturity		—			(16,707	)
USD		588,263	06/30/21	Societe Generale	0.25%	S&P 500 Total Return Index			Monthly		—			22,543
USD		357,157	08/20/21	Societe Generale	0.34%	S&P 500 Total Return Index			Monthly		—			13,687
USD		18,069	08/24/21	Societe Generale	MSCI Daily Germany Net Total Return Index		0.16	%	Monthly		—			(1,663	)
USD		40,298	08/24/21	Societe Generale	NASDAQ-100 Total Return Index		0.37	%	Monthly		—			(1,577	)
USD		37,483	08/24/21	Societe Generale	Technology Select Sector Total Return Index		0.37	%	Monthly		—			(2,314	)
USD		77,036	08/24/21	Societe Generale	S&P 500 Total Return Index		0.37	%	Monthly		—			(2,952	)
										$	(2,545	)	$	(92,032	)

(a) The index constituents are available on the counterparty's website.

(b) The index constituents are available on the Fund's website.

(c) The Index intends to track the performance of a strategy that trades the daily trend of the S&P 500 (the Underlying Index).

(d) The Index intends to track the performance of a strategy that trades the daily trend of the GC COMEX Gold Futures.

See Accompanying Notes to Consolidated Financial Statements.
26

Credit Suisse Multialternative Strategy Fund
Consolidated Schedule of Investments (continued)
October 31, 2020

Investment Abbreviations:

CVR = Contingent Value Right

Currency Abbreviations:

AUD = Australian Dollar

CAD = Canadian Dollar

CHF = Swiss Franc

COP = Colombian Peso

DKK = Danish Krone

EUR = Euro

GBP = British Pound

HKD = Hong Kong Dollar

JPY = Japanese Yen

KRW = South Korean Won

MXN = Mexican Peso

NGN = Nigerian Naira

PEN = Peruvian Sol

RUB = Russian Ruble

SEK = Swedish Krona

USD = United States Dollar

See Accompanying Notes to Consolidated Financial Statements.
27

Credit Suisse Multialternative Strategy Fund
Consolidated Statement of Assets and Liabilities
October 31, 2020

*Assets*
Investments at value, including collateral for securities on loan of $1,733,475 (Cost $35,646,882) (Note 2)	$	35,637,508¹
Cash		9,827,616
Foreign currency at value (Cost $84,137)		80,498
Cash segregated held at brokers for futures contracts, swap contracts and written options (Note 2)		12,315,213
Unrealized appreciation on open swap contracts (Note 2)		1,209,315
Unrealized appreciation on forward foreign currency contracts (Note 2)		94,634
Receivable for Fund shares sold		55,933
Receivable from investment adviser (Note 3)		14,523
Dividend and interest receivable		2,667
Variation margin receivable on futures contracts (Note 2)		1,588
Prepaid expenses and other assets		17,421
Total assets		59,256,916
*Liabilities*
Administrative services fee payable (Note 3)		7,252
Shareholder servicing/Distribution fee payable (Note 3)		932
Payable for investments purchased		4,267,138
Payable upon return of securities loaned (Note 2)		1,733,475
Unrealized depreciation on open swap contracts (Note 2)		1,301,347
Trustees' fee payable		20,523
Unrealized depreciation on forward foreign currency contracts (Note 2)		19,611
Payable for Fund shares redeemed		400
Accrued expenses		173,799
Total liabilities		7,524,477
*Net Assets*
Capital stock, $.001 par value (Note 6)		5,437
Paid-in capital (Note 6)		57,695,648
Total distributable earnings (loss)		(5,968,646	)
Net assets	$	51,732,439
*I Shares*
Net assets	$	47,382,432
Shares outstanding		4,973,471
Net asset value, offering price and redemption price per share	$	9.53
*A Shares*
Net assets	$	4,350,007
Shares outstanding		463,160
Net asset value and redemption price per share	$	9.39
Maximum offering price per share (net asset value/(1-5.25%))	$	9.91

¹Includes $1,662,542 of securities on loan.

See Accompanying Notes to Consolidated Financial Statements.
28

Credit Suisse Multialternative Strategy Fund
Consolidated Statement of Operations
For the Year Ended October 31, 2020

*Investment Income*
Interest	$	357,362
Dividends (net of foreign taxes withheld of $229)		260,179
Securities lending (net of rebates)		22,768
Total investment income		640,309
*Expenses*
Investment advisory fees (Note 3)		545,033
Administrative services fees (Note 3)		15,463
Shareholder servicing/Distribution fees (Note 3)
Class A		5,084
Custodian fees		121,530
Audit and tax fees		68,421
Trustees' fees		64,798
Transfer agent fees (Note 3)		56,683
Registration fees		43,652
Printing fees		39,847
Legal fees		36,938
Commitment fees (Note 4)		15,413
Insurance expense		1,815
Miscellaneous expense		7,452
Total expenses		1,022,129
Less: fees waived and expenses reimbursed (Note 3)		(571,585	)
Net expenses		450,544
Net investment income		189,765
*Net Realized and Unrealized Gain (Loss) from Investments, Futures Contracts, Swap Contracts,* *Written Options and Foreign Currency Related Items*
Net realized loss from investments		(2,042,506	)
Net realized gain from futures contracts		3,043,981
Net realized gain from swap contracts		970,004
Net realized loss from written options		(5,822	)
Net realized gain from foreign currency transactions		9,538
Net realized loss from forward foreign currency contracts		(289,995	)
Net change in unrealized appreciation (depreciation) from investments		262,455
Net change in unrealized appreciation (depreciation) from futures contracts		(392,628	)
Net change in unrealized appreciation (depreciation) from swap contracts		(642,940	)
Net change in unrealized appreciation (depreciation) from foreign currency translations		(15,324	)
Net change in unrealized appreciation (depreciation) from forward foreign currency contracts		55,938
Net realized and unrealized gain from investments, futures contracts, swap contracts, written options and foreign currency related items		952,701
Net increase in net assets resulting from operations	$	1,142,466

See Accompanying Notes to Consolidated Financial Statements.
29

Credit Suisse Multialternative Strategy FundConsolidated Statements of Changes in Net Assets

	For the Year Ended October 31, 2020			For the Year Ended October 31, 2019
*From Operations*
Net investment income	$	189,765		$	471,078
Net realized gain (loss) from investments, futures contracts, swap contracts, written options, foreign currency transactions and forward foreign currency contracts		1,685,200			(2,565,167	)
Net change in unrealized appreciation (depreciation) from investments, futures contracts, swap contracts, foreign currency translations and forward foreign currency contracts		(732,499	)		469,549
Net increase (decrease) in net assets resulting from operations		1,142,466			(1,624,540	)
*From Distributions*
From distributable earnings
Class I		(3,436,401	)		(1,803,690	)
Class A		(45,957	)		(24,902	)
Net decrease in net assets resulting from distributions		(3,482,358	)		(1,828,592	)
*From Capital Share Transactions* (Note 6)
Proceeds from sale of shares		57,996,880			49,695,132
Reinvestment of dividends and distributions		3,466,462			1,821,562
Net asset value of shares redeemed		(82,871,881	)		(78,882,851	)
Net decrease in net assets from capital share transactions		(21,408,539	)		(27,366,157	)
Net decrease in net assets		(23,748,431	)		(30,819,289	)
*Net Assets*
Beginning of year		75,480,870			106,300,159
End of year	$	51,732,439		$	75,480,870

See Accompanying Notes to Consolidated Financial Statements.
30

Credit Suisse Multialternative Strategy Fund
Consolidated Financial Highlights
(For a Class I Share of the Fund Outstanding Throughout Each Year)

	For the Year Ended October 31,
	2020			2019			2018			2017			2016
Per share data
Net asset value, beginning of year	$	9.86		$	10.03¹		$	10.54		$	10.39¹		$	10.36
*INVESTMENT OPERATIONS*
Net investment income (loss)²		0.04			0.06			0.05			(0.04	)		(0.08	)
Net gain (loss) from investments, futures contracts, swap contracts, written options and foreign currency related items (both realized and unrealized)		0.10			(0.06	)		(0.08	)		0.41			0.13
Total from investment operations		0.14			0.00³			(0.03	)		0.37			0.05
*LESS DIVIDENDS AND DISTRIBUTIONS*
Dividends from net investment income		(0.47	)		—			—			(0.04	)		—
Distributions from net realized gains		—			(0.17	)		(0.48	)		(0.18	)		(0.02	)
Total dividends and distributions		(0.47	)		(0.17	)		(0.48	)		(0.22	)		(0.02	)
*Net asset value, end of year*	$	9.53¹		$	9.86		$	10.03¹		$	10.54		$	10.39¹
Total return⁴		1.46	%		0.11	%		(0.29	)%		3.68	%		0.53	%
*RATIOS AND SUPPLEMENTAL DATA*
Net assets, end of year (000s omitted)	$	47,382		$	74,486		$	104,886		$	102,227		$	114,951
Ratio of net expenses to average net assets		0.85	%		0.85	%		0.89	%		1.00	%		0.91	%
Ratio of expenses to average net assets excluding securities sold short dividend expense		0.85	%		0.85	%		0.85	%		0.85	%		0.85	%
Ratio of net investment income (loss) to average net assets		0.38	%		0.60	%		0.44	%		(0.40	)%		(0.79	)%
Decrease reflected in above operating expense ratios due to waivers/reimbursements		1.09	%		1.13	%		0.95	%		0.68	%		0.65	%
Portfolio turnover rate⁵		571	%		305	%		1,373	%		586	%		1,021	%

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

³This amount represents less than $0.01 per share.

⁴Total returns are historical and include change in share price and reinvestment of all dividends and distributions. Had certain expenses not been reduced during the years shown, total returns would have been lower.

⁵ Portfolio turnover is calculated by dividing the lesser of total purchases or sales of portfolio securities for the reporting period by the monthly average of portfolio securities owned during the reporting period. Excluded from both the numerator and denominator are amounts relating to derivatives and securities whose maturities or expiration dates at the time of acquisition were one year or less.

See Accompanying Notes to Consolidated Financial Statements.
31

Credit Suisse Multialternative Strategy Fund
Consolidated Financial Highlights
(For a Class A Share of the Fund Outstanding Throughout Each Year)

	For the Year Ended October 31,
	2020			2019			2018			2017			2016
Per share data
Net asset value, beginning of year	$	9.73		$	9.92¹		$	10.47		$	10.31		$	10.31
*INVESTMENT OPERATIONS*
Net investment income (loss)²		(0.00	)³		0.03			0.02			(0.07	)		(0.10	)
Net gain (loss) from investments, futures contracts, swap contracts, written options and foreign currency related items (both realized and unrealized)		0.10			(0.05	)		(0.09	)		0.42			0.12
Total from investment operations		0.10			(0.02	)		(0.07	)		0.35			0.02
*LESS DIVIDENDS AND DISTRIBUTIONS*
Dividends from net investment income		(0.44	)		—			—			(0.01	)		—
Distributions from net realized gains		—			(0.17	)		(0.48	)		(0.18	)		(0.02	)
Total dividends and distributions		(0.44	)		(0.17	)		(0.48	)		(0.19	)		(0.02	)
*Net asset value, end of year*	$	9.39¹		$	9.73		$	9.92¹		$	10.47		$	10.31
Total return⁴		1.10	%		(0.10	)%		(0.68	)%		3.45	%		0.24	%
*RATIOS AND SUPPLEMENTAL DATA*
Net assets, end of year (000s omitted)	$	4,350		$	994		$	1,414		$	1,267		$	1,319
Ratio of net expenses to average net assets		1.10	%		1.10	%		1.14	%		1.26	%		1.17	%
Ratio of expenses to average net assets excluding securities sold short dividend expense		1.10	%		1.10	%		1.10	%		1.10	%		1.11	%
Ratio of net investment income (loss) to average net assets		(0.04	)%		0.30	%		0.19	%		(0.65	)%		(0.98	)%
Decrease reflected in above operating expense ratios due to waivers/reimbursements		1.09	%		1.13	%		0.94	%		0.68	%		0.65	%
Portfolio turnover rate⁵		571	%		305	%		1,373	%		586	%		1,021	%

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

³ This amount represents less than $0.01 per share.

⁵ Portfolio turnover is calculated by dividing the lesser of total purchases or sales of portfolio securities for the reporting period by the monthly average of portfolio securities owned during the reporting period. Excluded from both the numerator and denominator are amounts relating to derivatives and securities whose maturities or expiration dates at the time of acquisition were one year or less.

See Accompanying Notes to Consolidated Financial Statements.
32

Credit Suisse Multialternative Strategy Fund
Notes to Consolidated Financial Statements
October 31, 2020

Note 1. Organization

Credit Suisse Multialternative Strategy Fund (the "Fund"), a series of Credit Suisse Opportunity Funds (the "Trust"), a Delaware statutory trust, is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as a non-diversified open-end management investment company that seeks to achieve total return consistent with the risk and return patterns of a diversified universe of hedge funds. The Trust was organized under the laws of the State of Delaware as a business trust on May 31, 1995.

Credit Suisse Asset Management, LLC ("Credit Suisse"), the investment adviser to the Fund, is registered as an investment adviser with the Securities and Exchange Commission and as a Commodity Pool Operator with the Commodity Futures Trading Commission. The Fund intends to gain exposure to commodity derivatives through investing in a wholly-owned subsidiary, Credit Suisse Cayman Multialternative Strategy Fund, Ltd. (the "Subsidiary"), organized under the laws of the Cayman Islands. The Subsidiary invests in commodity-linked derivative instruments, such as swaps and futures. The Subsidiary may also invest in debt securities, some of which are intended to serve as margin or collateral for the Subsidiary's derivatives positions.

The Subsidiary is managed by the same portfolio managers that manage the Fund and the accompanying financial statements reflect the financial position of the Fund and the Subsidiary and the results of operations on a consolidated basis. The consolidated financial statements include portfolio holdings of the Fund and the Subsidiary and all intercompany transactions and balances have been eliminated. The Fund may invest up to 25% of its total assets in the Subsidiary. As of October 31, 2020, the Fund held $7,126,886 in the Subsidiary, representing 13.8% of the Fund's consolidated net assets. For the year ended October 31, 2020, the net realized gain on securities and other financial instruments held in the Subsidiary was $851,144.

Subsequent references to the Fund within the Notes to Consolidated Financial Statements collectively refer to the Fund and the Subsidiary, unless the context otherwise requires.

The Fund offers two classes of shares: Class I shares and Class A shares. Each class of shares represents an equal pro rata interest in the Fund, except the share classes bear different expenses. Class A shares are sold subject to a front-end sales charge of up to 5.25%. Class I shares are sold without a sales charge.

Credit Suisse Multialternative Strategy Fund
Notes to Consolidated Financial Statements (continued)
October 31, 2020

Note 2. Significant Accounting Policies

A) SECURITY VALUATION — The Board of Trustees (the "Board") is responsible for the Fund's valuation process. The Board has delegated the supervision of the daily valuation process to Credit Suisse Asset Management, LLC, the Fund's investment adviser ("Credit Suisse" or the "Adviser"), who has established a Pricing Committee which, pursuant to the policies adopted by the Board, is responsible for making fair valuation determinations and overseeing the Fund's pricing policies. The net asset value of the Fund is determined daily as of the close of regular trading on the New York Stock Exchange, Inc. (the "Exchange") on each day the Exchange is open for business. For certain international equity securities, in order to adjust for events which may occur between the close of the foreign exchanges and the close of the Exchange, a fair valuation model may be used. This fair valuation model takes into account comparisons to the valuation of American Depository Receipts (ADRs), exchange-traded funds, futures contracts and certain indices and these securities are categorized as Level 2. The valuations for fixed income securities (which may include, but are not limited to, corporate, government, municipal, mortgage-backed, collateralized mortgage obligations and asset-backed securities) and certain derivative instruments are typically the prices supplied by independent third party pricing services, which may use market prices or broker/dealer quotations or a variety of valuation techniques and methodologies. The independent third party pricing services use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar securities. These pricing services generally price fixed income securities assuming orderly transactions of an institutional "round lot" size, but some trades occur in smaller "odd lot" sizes which may be effected at lower prices than institutional round lot trades. Structured note agreements are valued in accordance with a dealer-supplied valuation based on changes in the value of

Credit Suisse Multialternative Strategy Fund
Notes to Consolidated Financial Statements (continued)
October 31, 2020

Note 2. Significant Accounting Policies (continued)

the underlying index. Option contracts on securities, currencies, indices, futures contracts, swaps and other instruments are valued at the mid-point between the last bid and ask quotations as of the close of trading on the exchange on which the option is traded. Futures contracts are valued daily at the settlement price established by the board of trade or exchange on which they are traded. Forward contracts are valued at the London closing spot rates and the London closing forward point rates on a daily basis. The currency forward contract pricing model derives the differential in point rates to the expiration date of the forward and calculates its present value. Over-the-counter derivative financial instruments, such as swap agreements, generally derive their value from underlying asset prices, indices, reference rates, and other inputs or a combination of these factors. Equity securities for which market quotations are available are valued at the last reported sales price or official closing price on the primary market or exchange on which they trade. The Fund may utilize a service provided by an independent third party which has been approved by the Board to fair value certain securities. When fair value pricing is employed, the prices of securities used by the Fund to calculate its net asset value may differ from quoted or published prices for the same securities. If independent third party pricing services are unable to supply prices for a portfolio investment, or if the prices supplied are deemed by the investment adviser to be unreliable, the market price may be determined by the investment adviser using quotations from one or more brokers/dealers or at the transaction price if the security has recently been purchased and no value has yet been obtained from a pricing service or pricing broker. When reliable prices are not readily available, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the Fund calculates its net asset value, these securities will be fair valued in good faith by the Pricing Committee, in accordance with procedures adopted by the Board.

• Level 1 – quoted prices in active markets for identical investments

Credit Suisse Multialternative Strategy Fund
Notes to Consolidated Financial Statements (continued)
October 31, 2020

Note 2. Significant Accounting Policies (continued)

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

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

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

The following is a summary of the inputs used as of October 31, 2020 in valuing the Fund's assets and liabilities carried at fair value:

Assets	Level 1			Level 2		Level 3		Total
Investments in Securities
Common Stocks	$	1,966,763		$	526,978	$	—	$	2,493,741
Exchange-traded Funds		6,922,741			—		—		6,922,741
United States Treasury Obligations		—			24,487,551		—		24,487,551
Short-term Investments		—			1,733,475		—		1,733,475
	$	8,889,504		$	26,748,004	$	—	$	35,637,508
Other Financial Instruments*
Forward Foreign Currency Contracts	$	—		$	94,634	$	—	$	94,634
Futures Contracts		541,397			—		—		541,397
Swap Contracts		—			1,209,315		—		1,209,315
Liabilities	Level 1			Level 2		Level 3		Total
Other Financial Instruments*
Forward Foreign Currency Contracts	$	—		$	19,611	$	—	$	19,611
Futures Contracts		685,365	��		—		—		685,365
Swap Contracts		—			1,301,347		—		1,301,347

* Other financial instruments include unrealized appreciation (depreciation) on forward foreign currency contracts, futures and swap contracts.

For the year ended October 31, 2020, there were no transfers among Level 2 and Level 3. All transfers, if any, are assumed to occur at the end of the reporting period.

Credit Suisse Multialternative Strategy Fund
Notes to Consolidated Financial Statements (continued)
October 31, 2020

Note 2. Significant Accounting Policies (continued)

The following table presents the fair value and the location of derivatives within the Consolidated Statement of Assets and Liabilities at October 31, 2020 and the effect of these derivatives on the Consolidated Statement of Operations for the year ended October 31, 2020.

Primary Underlying Risk	Derivative Assets⁽¹⁾		Derivative Liabilities⁽¹⁾		Realized Gain (Loss)			Change in Unrealized Appreciation (Depreciation)
Foreign currency exchange rate
Forward contracts	$	94,634	$	19,611	$	(289,995	)	$	55,938
Futures contracts⁽²⁾		8,343		18,751		(134,599	)		12,962
Interest rate
Futures contracts⁽²⁾		31,338		98,264		2,946,980			(631,500	)
Swap contracts		—		12,440		(44,326	)		240,359
Equity price
Futures contracts⁽²⁾		21,570		106,971		(367,470	)		142,116
Swap contracts		643,111		665,679		451,333			(1,368,492	)
Purchased options		—		—		(689,985	)		—
Written options		—		—		(5,822	)		—
Credit risk
Swap contracts		198,860		92,578		24,265			212,129
Commodity price
Futures contracts⁽²⁾		480,146		461,379		599,070			83,794
Swap contracts		367,344		530,650		538,732			273,064
Total	$	1,845,346	$	2,006,323	$	3,028,183		$	(979,630	)

⁽¹⁾Generally, the balance sheet location for asset derivatives is receivables/net unrealized appreciation (depreciation) and for liability derivatives is payables/net unrealized appreciation (depreciation).

⁽²⁾ Includes cumulative appreciation (depreciation) of futures contracts as reported in the Consolidated Schedule of Investments. Only variation margin is reported within the receivables and/or payables on the Consolidated Statement of Assets and Liabilities.

For the year ended October 31, 2020, the Fund held average monthly value on a net basis of $17,119,705 in forward foreign currency contracts and average monthly notional values on a net basis of $43,537,040 and $37,774,839 in long futures contracts and short futures contracts and $199,996,822 in swap contracts, respectively. For the year ended October 31, 2020, the Fund received average monthly premiums of $18,538 from put written options contracts and $28,901 from call written options contracts.

Credit Suisse Multialternative Strategy Fund
Notes to Consolidated Financial Statements (continued)
October 31, 2020

Note 2. Significant Accounting Policies (continued)

Termination events applicable to the Fund may occur upon a decline in the Fund's net assets below a specified threshold over a certain period of time.

The following table presents by counterparty the Fund's derivative assets, net of related collateral held by the Fund, at October 31, 2020:

Counterparty	Gross Amount of Derivative Assets Presented in the Consolidated Statement of Assets and Liabilities^(a)		Financial Instruments and Derivatives Available for Offset			Non-Cash Collateral Received		Cash Collateral Received^(b)		Net Amount of Derivative Assets
Barclays Bank PLC	$	110,640	$	(110,640	)	$	—	$	—	$	—
BNP Paribas		67,532		(67,532	)		—		—		—
Goldman Sachs		209,015		(209,015	)		—		—		—
JPMorgan Chase		452,214		(201,092	)		—		—		251,122
Macquarie Bank Ltd.		248,017		—			—		—		248,017
Morgan Stanley		56,850		(56,850	)		—		—		—
Societe Generale		159,681		(88,656	)		—		—		71,025
	$	1,303,949	$	(733,785	)	$	—	$	—	$	570,164

The following table presents by counterparty the Fund's derivative liabilities, net of related collateral pledged by the Fund, at October 31, 2020:

Counterparty	Gross Amount of Derivative Liabilities Presented in the Consolidated Statement of Assets and Liabilities^(a)		Financial Instruments and Derivatives Available for Offset			Non-Cash Collateral Pledged		Cash Collateral Pledged^(b)			Net Amount of Derivative Liabilities
Bank of America	$	69,785	$	—		$	—	$	—		$	69,785
Barclays Bank PLC		246,433		(110,640	)		—		—			135,793
BNP Paribas		139,350		(67,532	)		—		—			71,818
Citigroup		9,684		—			—		—			9,684
Goldman Sachs		276,237		(209,015	)		—		(67,222	)		—
JPMorgan Chase		201,092		(201,092	)		—		—			—
Morgan Stanley		289,721		(56,850	)		—		(232,871	)		—
Societe Generale		88,656		(88,656	)		—		—			—
	$	1,320,958	$	(733,785	)	$	—	$	(300,093	)	$	287,080

^(a) Swap contracts and forward foreign currency exchange contracts are included.

^(b) The actual collateral pledged may be more than the amounts shown.

C) FOREIGN CURRENCY TRANSACTIONS — The books and records of the Fund are maintained in US dollars. Transactions denominated in foreign currencies are recorded at the current prevailing exchange rates. All assets and liabilities denominated in foreign currencies, including purchases and sales of investments, and income and expenses, are translated into US dollar amounts on the date of those transactions.

Credit Suisse Multialternative Strategy Fund
Notes to Consolidated Financial Statements (continued)
October 31, 2020

Note 2. Significant Accounting Policies (continued)

D) SECURITY TRANSACTIONS AND INVESTMENT INCOME/ EXPENSE — Security transactions are accounted for on a trade date basis. Interest income/expense is recorded on the accrual basis. The Fund amortizes premiums and accretes discounts using the effective interest method. Dividend income/expense is recorded on the ex-dividend date. Foreign dividend income is recorded on the ex-dividend date or as soon as practicable after the Fund determines the existence of a dividend declaration after exercising reasonable due diligence. Certain expenses are class-specific expenses, vary by class and are charged only to that 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. To the extent any issuer defaults or a credit event occurs that impacts the issuer, the Fund may halt any additional interest income accruals and consider the realizability of interest accrued up to the date of default or credit event.

E) DIVIDENDS AND DISTRIBUTIONS TO SHAREHOLDERS — Dividends from net investment income, if any, are declared and paid quarterly. 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. Dividends and distributions to shareholders of the Fund are recorded on the ex-dividend

Credit Suisse Multialternative Strategy Fund
Notes to Consolidated Financial Statements (continued)
October 31, 2020

Note 2. Significant Accounting Policies (continued)

date and are determined in accordance with federal income tax regulations, which may differ from GAAP.

In order to qualify as a RIC under the Code, the Fund must meet certain requirements regarding the source of its income, the diversification of its assets and the distribution of its income. One of these requirements is that the Fund derive at least 90% of its gross income for each taxable year from dividends, interest, payments with respect to certain securities loans, gains from the sale or other disposition of stock, securities or foreign currencies, other income derived with respect to its business of investing in such stock, securities or currencies or net income derived from interests in certain publicly-traded partnerships ("Qualifying Income"). The Internal Revenue Service ("IRS") has issued a ruling that income realized from certain types of commodity-linked derivatives would not be Qualifying Income. As a result, the Fund's ability to realize income from investments in such commodity-linked derivatives as part of its investment strategy would be limited to a maximum of 10% of its gross income.

If the Fund is unable to ensure continued qualification as a RIC, the Fund may be required to change its investment objective, policies or techniques, or may be liquidated. If the Fund fails to qualify as a RIC, the Fund will be subject to federal income tax on its net income and capital gains at regular corporate rates (without reduction for distributions to shareholders). If the Fund were to fail to qualify as a RIC and become subject to federal income tax, shareholders of the Fund would be subject to the risk of diminished returns. The 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. The Fund has reviewed its current tax positions and has determined that no provision for income tax is required in the Fund's financial statements. The Fund's federal and state income and federal excise tax returns for tax years for which the applicable statutes of limitations have not expired are subject to examination by the Internal Revenue Service and state departments of revenue.

Credit Suisse Multialternative Strategy Fund
Notes to Consolidated Financial Statements (continued)
October 31, 2020

Note 2. Significant Accounting Policies (continued)

G) CASH — The Fund's uninvested cash balance is held in an interest bearing variable rate demand deposit account at State Street Bank and Trust Company ("SSB"), the Fund's custodian.

H) SHORT SALES — When the Fund engages in a short sale, the collateral for the short position will be maintained by the Fund's custodian or qualified sub-custodian. While the short sale is open, the Fund will maintain in a segregated account an amount of liquid securities equal in value to its obligation to the securities sold short. The collateral amounts required are determined daily by reference to the market value of the short positions. Short sales expose the Fund to the risk that it will be required to cover its short position at a time when the securities have appreciated in value, thus resulting in a loss to the Fund. The Fund's loss on a short sale could theoretically be unlimited in a case where the Fund is unable, for whatever reason, to close out its short position. Short sales also involve transaction and other costs that will reduce potential gains and increase potential Fund losses. The use by the Fund of short sales in combination with long positions in the Fund in an attempt to improve performance may not be successful and may result in greater losses or lower positive returns than if the Fund held only long positions. It is possible that the Fund's long equity positions will decline in value at the same time that the value of the securities it has sold short increases, thereby increasing potential losses to the Fund. In addition, the Fund's short selling strategies may limit its ability to fully benefit from increases in the equity markets. Short selling also involves a form of financial leverage that may exaggerate any losses realized by the Fund. Also, there is the risk that the counterparty to a short sale may fail to honor its contractual terms, causing a loss to the Fund. At October 31, 2020, the Fund had no open short positions.

I) FUTURES — The Fund may enter into futures contracts to the extent permitted by its investment policies and objectives. The Fund may use futures contracts to gain exposure to or hedge against changes in interest rates, equity and market price movements and/or currency risks. Upon entering into a futures contract, the Fund is required to deposit cash and/or pledge U.S. Government securities as initial margin with a Futures Commission Merchant ("FCM"). Subsequent payments, which are dependent on the daily fluctuations in the value of the underlying instrument, are made or received by the Fund each day (daily variation margin) and are recorded as unrealized gains or losses in the Consolidated Statement of Operations until the contracts are closed. When the contracts are closed, the Fund records a realized gain or loss equal to the difference between the proceeds from (or cost of) the closing transaction

Credit Suisse Multialternative Strategy Fund
Notes to Consolidated Financial Statements (continued)
October 31, 2020

Note 2. Significant Accounting Policies (continued)

and the Fund's basis in the contract. Risks of entering into futures contracts for hedging purposes include the possibility that a change in the value of the contract may not correlate with the changes in the value of the underlying instruments. Futures have minimal counterparty credit risk because futures are exchange traded and the exchange's clearinghouse, as counterparty to all exchange-traded futures, guarantees the futures against default. In addition, the purchase of a futures contract involves the risk that the Fund could lose more than the original margin deposit and subsequent payments may be required for a futures transaction. The Fund's open futures contracts are disclosed in the Consolidated Schedule of Investments. At October 31, 2020, the amount of restricted cash held at brokers related to open futures contracts was $3,232,036.

J) FORWARD FOREIGN CURRENCY CONTRACTS — A forward foreign currency exchange contract ("forward currency contract") is a commitment to purchase or sell a foreign currency at the settlement date at a negotiated rate. The Fund will enter into forward currency contracts primarily for hedging foreign currency risk. Forward currency contracts are valued at the prevailing forward exchange rate of the underlying currencies and unrealized gain/loss is recorded daily. On the settlement date of the forward currency contract, the Fund records a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value of the contract at the time it was closed. Certain risks may arise upon entering into forward currency contracts from the potential inability of counterparties to meet the terms of their contracts. The maximum counterparty credit risk to the Fund is measured by the unrealized gain on appreciated contracts. Additionally, when utilizing forward currency contracts to hedge, the Fund forgoes the opportunity to profit from favorable exchange rate movements during the term of the contract. The Fund's open forward currency contracts are disclosed in the Consolidated Schedule of Investments. At October 31, 2020, the amount of restricted cash held at brokers related to open forward foreign currency contracts was $0.

Credit Suisse Multialternative Strategy Fund
Notes to Consolidated Financial Statements (continued)
October 31, 2020

Note 2. Significant Accounting Policies (continued)

K) SWAPS — The Fund may enter into swaps either for hedging purposes or to seek to increase total return. A swap contract is an agreement that obligates two parties to exchange a series of cash flows at specified intervals based upon or calculated by reference to changes in specified prices or rates for a specified amount of an underlying asset or notional principal amount. A centrally cleared swap is a transaction executed between the Fund and a counterparty, then cleared by a clearing member through a central clearinghouse. The central clearinghouse serves as the counterparty, with whom the Fund exchanges cash flows. The Fund will enter into swap contracts only on a net basis, which means that the two payment streams are netted out, with the Fund receiving or paying, as the case may be, only the net amount of the two payments. Risks may arise as a result of the failure of the counterparty to the swap contract to comply with the terms of the swap contract. The extent of the Fund's exposure to credit and counterparty risks is the discounted net value of the cash flows to be received from the counterparty over the contract's remaining life, to the extent that the amount is positive. These risks are mitigated by having a master netting arrangement between the Fund and the counterparty and by the posting of collateral by the counterparty to the Fund to cover the Fund's exposure to the counterparty. Therefore, the Fund considers the creditworthiness of each counterparty as well as the amounts posted by the counterparty pursuant to the master netting agreement to a swap contract in evaluating potential credit risk. Additionally, risks may arise from unanticipated movements in interest rates or in the value of the underlying reference asset or index.

The Fund may enter into credit default swap agreements either as a buyer or seller. The Fund may buy a credit default swap to attempt to mitigate the risk of default or credit quality deterioration in one or more individual holdings or in a segment of the fixed income securities market. The Fund may sell a credit default swap in an attempt to gain exposure to an underlying issuer's credit quality characteristics without investing directly in that issuer.

Credit Suisse Multialternative Strategy Fund
Notes to Consolidated Financial Statements (continued)
October 31, 2020

Note 2. Significant Accounting Policies (continued)

The Fund bears the risk of loss of the amount expected to be received under a credit default swap agreement in the event of the default or bankruptcy of the counterparty. The Fund will enter into swap agreements only with counterparties that meet certain standards of creditworthiness (generally, such counterparties would have to be eligible counterparties under the terms of the Fund's repurchase agreement guidelines). Credit default swap agreements are generally valued at a price at which the counterparty to such agreement would terminate the agreement.

The Fund records unrealized gains or losses on a daily basis representing the value and the current net receivable or payable relating to open swap contracts. Net amounts received or paid on the swap contract are recorded as realized gains or losses. Fluctuations in the value of swap contracts are recorded for financial statement purposes as unrealized appreciation or depreciation from swap contracts. Realized gains and losses from terminated swaps are included in net realized gains/losses from swap contracts. Upon entering into a centrally cleared swap, the Fund is required to deposit with a financial intermediary cash or securities ("initial margin") in an amount equal to a certain percentage of the notional amount of the swap. Subsequent payments ("variation margin") are made or received by the Fund dependent upon the daily fluctuations in the value of the swap. In a cleared swap transaction, counterparty risk is minimized as the central clearinghouse acts as the counterparty. The Fund's open swap contracts are disclosed in the Consolidated Schedule of Investments. At October 31, 2020, the amounts of restricted cash held at brokers related to open swap contracts for the Fund was $7,907,462.

L) OPTION CONTRACTS — The Fund will enter into options contracts to gain exposure to risk volatility based assets. When the Fund purchases an option, it pays a premium and the option is subsequently marked to market to reflect current value. Premiums paid for purchasing options which expire are treated as realized losses. Premiums paid for purchasing options which are exercised or closed are added to the cost or deducted from the proceeds on the underlying instrument to determine the realized gain or loss. The risk associated with purchasing options is limited to the premium paid.

When the Fund writes an option, an amount equal to the net premium received (the premium less commission) is recorded as a liability and is subsequently adjusted to the current value. Net premiums received for written options which expire are treated as realized gains. Net premiums received for written options which are exercised or closed are deducted from the cost or

Credit Suisse Multialternative Strategy Fund
Notes to Consolidated Financial Statements (continued)
October 31, 2020

Note 2. Significant Accounting Policies (continued)

added to the proceeds on the underlying instrument or closing purchase transaction to determine the realized gain or loss. The Fund, as writer of a written option, bears the risk of an unfavorable change in the market value of the instrument underlying the written option.

Exchange-traded options have standardized contracts and are settled through a clearing house with fulfillment guaranteed by the credit of the exchange. Therefore, counterparty credit risks to the Fund are limited. Over-the-counter options are subject to the risk that the counterparty is unable or unwilling to meet its obligations under the option. As of October 31, 2020, the Fund held no open written option contracts. At October 31, 2020, the amount of restricted cash held at brokers related to option contracts was $1,175,715.

M) SECURITIES LENDING — The initial collateral received by the Fund is required to have a value of at least 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). The collateral is maintained thereafter at a value equal to at least 102% of the current market value of the securities on loan. The market value of loaned securities is determined at the close of each business day of the Fund and any additional required collateral is delivered to the Fund, or excess collateral returned by the Fund, on the next business day. Cash collateral received by the Fund 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 Fund's 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. The remaining maturities of the securities lending transactions are considered overnight and continuous. Loans are subject to termination by the Fund or the borrower at any time.

Market Value of Loaned Securities				Market Value of Cash Collateral				Total Collateral
$	1,662,542			$	1,733,475			$	1,733,475

Credit Suisse Multialternative Strategy Fund
Notes to Consolidated Financial Statements (continued)
October 31, 2020

Note 2. Significant Accounting Policies (continued)

The following table presents financial instruments that are subject to enforceable netting arrangements as of October 31, 2020.

Gross Amounts Not Offset in the Statement of Assets and Liabilities
Gross Asset Amounts Presented in Statement of Assets and Liabilities^(a)		Collateral Received^(b)			Net Amount (not less than $0)
$	1,662,542	$	(1,662,542	)	$	—

^(a) Represents market value of loaned securities at year end.

^(b) The actual collateral received is greater than the amount shown here due to collateral requirements of the security lending agreement.

During the year ended October 31, 2020, total earnings from the Fund's investment in cash collateral received in connection with securities lending arrangements was $38,817, of which $8,464 was rebated to borrowers (brokers). The Fund retained $22,768 in income from the cash collateral investment, and SSB, as lending agent, was paid $7,585. Securities lending income is accrued as earned.

N) OTHER — In the normal course of business the Fund trades financial instruments and enters into financial transactions for which risk of potential loss exists due to changes in the market (market risk) or failure of the other party to a transaction to perform (credit risk). Similar to credit risk, the Fund may be exposed to counterparty risk, including with respect to securities lending, or the risk that an institution or other entity with which the Fund has unsettled or open transactions will default. The potential loss could exceed the value of the financial assets recorded in the consolidated financial statements. Financial assets, which potentially expose the Fund to credit risk, consist principally of cash due from counterparties and investments. The extent of the Fund's exposure to credit and counterparty risks in respect to these financial assets approximates their carrying value as recorded in the Fund's Consolidated Statement of Assets and Liabilities.

O) FOREIGN INVESTMENTS RISK — The Fund may have elements of risk not typically associated with investments in the U.S. due to concentrated investments in a limited number of countries or regions, which may vary throughout the year. Such concentrations may subject the Fund to additional risks resulting from political or economic conditions in such countries or regions and the possible imposition of adverse governmental laws or currency exchange restrictions could cause the securities and their markets to be less liquid and their prices to be more volatile than those of comparable U.S. securities.

Credit Suisse Multialternative Strategy Fund
Notes to Consolidated Financial Statements (continued)
October 31, 2020

Note 2. Significant Accounting Policies (continued)

Because the Fund may invest a significant portion of its assets in these markets, it is subject to greater risks of adverse events that occur in those markets and may experience greater volatility than a Fund that is more broadly diversified geographically.

P) RECENT ACCOUNTING PRONOUNCEMENTS — In August 2018, the FASB issued Accounting Standards Update 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework — Changes to the Disclosure Requirements for Fair Value Measurement ("ASU 2018-13"). The update provides guidance that eliminates, adds and modifies certain disclosure requirements for fair value measurements. ASU 2018-13 will be effective for annual periods beginning after December 15, 2019. Management is currently assessing the potential impact of these changes to future financial statements.

Note 3. Transactions with Affiliates and Related Parties

Credit Suisse serves as investment adviser and co-administrator for the Fund. Credit Suisse is entitled to receive a fee from the Fund at an annual rate of 1.04% of the Fund's average daily net assets. For the year ended October 31, 2020, investment advisory and administration fees earned and fees waived/expenses reimbursed by Credit Suisse were $545,033 and $571,585, respectively. Credit Suisse has contractually agreed to limit expenses so that the Fund's annual operating expenses do not exceed 0.85% of the Fund's average daily net assets for Class I shares and 1.10% of the Fund's average daily net assets for Class A shares. The Fund is authorized to reimburse Credit Suisse for management fees previously limited and/or for expenses previously reimbursed by Credit Suisse, provided, however, that any reimbursements must be paid at a date not more than thirty-six months following the applicable month during which such fees were limited or expenses were reimbursed by Credit Suisse and the reimbursements do not cause the Fund to exceed the applicable expense limitation in the contract at the time the fees are recouped. This contract may not be terminated before February 28, 2022.

The amounts waived and reimbursed by Credit Suisse, which are available for potential future recoupment by Credit Suisse, and the expiration schedule at October 31, 2020 are as follows:

	Fee waivers/expense reimbursements subject to recoupment		Expires October 31, 2021*		Expires October 31, 2022*		Expires October 31, 2023
Class I	$	2,332,659	$	929,934	$	853,318	$	549,407
Class A		46,833		12,157		12,498		22,178
Totals	$	2,379,492	$	942,091	$	865,816	$	571,585

* The Subsidiary expenses are not eligible for recoupment.

Credit Suisse Multialternative Strategy Fund
Notes to Consolidated Financial Statements (continued)
October 31, 2020

Note 3. Transactions with Affiliates and Related Parties (continued)

Credit Suisse Securities (USA) LLC ("CSSU"), an affiliate of Credit Suisse, serves as the distributor of the Fund's shares. Pursuant to a distribution plan adopted by the Fund pursuant to Rule 12b-1 under the 1940 Act, CSSU receives fees for its distribution services. These fees are calculated at an annual rate of 0.25% of the average daily net assets of the Class A shares. For the year ended October 31, 2020, the Fund paid Rule 12b-1 distribution fees of $5,084 for Class A shares. Class I shares are not subject to Rule 12b-1 distribution fees.

Certain brokers, dealers and financial representatives provide transfer agent-related services to the Fund and receive compensation from the Fund. For the year ended October 31, 2020, the Fund paid $43,619, which is included within transfer agent fees in the Consolidated Statement of Operations.

For the year ended October 31, 2020, CSSU and its affiliates advised the Fund that there were no commissions earned on the sale of Class A shares.

Credit Suisse made a reimbursement of $68,696 relating to an operational error, which was booked to Capital Share Transactions on the Statement of Changes in Net Assets. If Credit Suisse did not make the reimbursement, Class I's total return would have been 0.11% lower.

Note 4. Line of Credit

The Fund, together with other funds/portfolios advised by Credit Suisse (collectively, the "Participating Funds"), participates in a committed, unsecured line of credit facility ("Credit Facility"), with SSB in an aggregated amount of $250 million for temporary or emergency purposes under a first-come, first-served basis. Under the terms of the Credit Facility, the Participating Funds pay an aggregate commitment fee on the average unused amount of the Credit Facility, which is allocated among the Participating Funds in such manner as is determined by the governing Boards of the Participating Funds. In addition, the Participating Funds pay interest on borrowings at either the Overnight Federal Funds rate or the Overnight LIBOR rate plus a spread. At October 31, 2020 and during the year ended October 31, 2020, the Fund had no borrowings outstanding under the Credit Facility.

Credit Suisse Multialternative Strategy Fund
Notes to Consolidated Financial Statements (continued)
October 31, 2020

Note 5. Purchases and Sales of Securities

For the year ended October 31, 2020, purchases and sales of investment securities (excluding short-term investments) and U.S. Government and Agency Obligations were as follows:

Investment Securities				U.S. Government/ Agency Obligations
Purchases		Sales		Purchases		Sales
$	27,441,608	$	20,463,117	$	0	$	0

Note 6. Capital Share Transactions

The Fund is authorized to issue an unlimited number of full and fractional shares of beneficial interest, $.001 par value per share. The Fund offers Class I and Class A shares. Transactions in capital shares for each class of the Fund were as follows:

	Class I
	For the Year Ended October 31, 2020						For the Year Ended October 31, 2019
	Shares			Value			Shares			Value
Shares sold		5,647,278		$	53,675,203			5,009,238		$	49,546,498
Shares issued in reinvestment of dividends and distributions		363,815			3,430,774			189,642			1,801,599
Shares redeemed		(8,591,776	)		(82,034,685	)		(8,105,787	)		(78,320,344	)
Net decrease		(2,580,683	)	$	(24,928,708	)		(2,906,907	)	$	(26,972,247	)
	Class A
	For the Year Ended October 31, 2020						For the Year Ended October 31, 2019
	Shares			Value			Shares			Value
Shares sold		444,731		$	4,321,677			15,138		$	148,634
Shares issued in reinvestment of dividends and distributions		3,829			35,688			2,124			19,963
Shares redeemed		(87,567	)		(837,196	)		(57,597	)		(562,507	)
Net increase (decrease)		360,993		$	3,520,169			(40,335	)	$	(393,910	)

On October 31, 2020, the number of shareholders that held 5% or more of the outstanding shares of each class of the Fund was as follows:

	Number of Shareholders		Approximate Percentage of Outstanding Shares
Class I		4		97	%
Class A		3		76	%

Credit Suisse Multialternative Strategy Fund
Notes to Consolidated Financial Statements (continued)
October 31, 2020

Note 7. Income Tax Information and Distributions to Shareholders

Income and capital gain distributions are determined in accordance with federal income tax regulations, which may differ from GAAP.

The tax character of dividends paid by the Fund during the fiscal years ended October 31, 2020 and 2019, respectively, was as follows:

Ordinary Income				Long-Term Capital Gain
2020		2019		2020		2019
$	3,482,358	$	1,707,836	$	0	$	120,756

The tax basis components of distributable earnings differ from the amounts reflected in the Consolidated Statement of Assets and Liabilities by temporary book/tax differences. These differences are primarily due to differing treatments of wash sales, mark to market of forward contracts, futures contracts, swap contracts, Subsidiary adjustments and deferred organizational expenses.

At October 31, 2020, the components of distributable earnings on a tax basis were as follows:

Undistributed net investment income	$	2,555,364
Accumulated net realized loss		(8,054,187	)
Unrealized depreciation		(455,792	)
	$	(5,954,615	)

At October 31, 2020, the Fund had $7,899,605 of unlimited short-term capital loss carryforwards and $154,582 of unlimited long-term capital loss carryforwards available to offset possible future capital gains.

At October 31, 2020, the cost and net unrealized appreciation (depreciation) of investments and derivatives for income tax purposes were as follows:

Cost of Investments	$	43,201,139
Unrealized appreciation	$	1,702,168
Unrealized depreciation		(2,162,845	)
Net unrealized appreciation (depreciation)	$	(460,677	)

To adjust for current period permanent book/tax differences which arose principally from differing book/tax treatment of foreign currency gain/loss, Subsidiary cumulative income/loss and swap gain/loss, paid-in capital was credited $492,477 and distributable earnings/loss was charged $492,477. Net assets were not affected by this reclassification.

Credit Suisse Multialternative Strategy Fund
Notes to Consolidated Financial Statements (continued)
October 31, 2020

Note 8. Contingencies

Note 9. Subsequent Events

Credit Suisse Multialternative Strategy Fund
Report of Independent Registered Public Accounting Firm

To the Board of Trustees of Credit Suisse Opportunity Funds and Shareholders of
Credit Suisse Multialternative Strategy Fund

Opinion on the Consolidated Financial Statements

We have audited the accompanying consolidated statement of assets and liabilities, including the consolidated schedule of investments, of Credit Suisse Multialternative Strategy Fund (one of the funds constituting Credit Suisse Opportunity Funds, referred to hereafter as the "Fund") as of October 31, 2020, the related consolidated statements of operations and changes in net assets, including the related notes, and the financial highlights for the year ended October 31, 2020 (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of October 31, 2020, and the results of its operations, changes in its net assets and the financial highlights for the year ended October 31, 2020 in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

Credit Suisse Multialternative Strategy Fund
Report of Independent Registered Public Accounting Firm

PricewaterhouseCoopers LLP
New York, New York
December 23, 2020

We have served as the auditor of one or more Credit Suisse Asset Management, LLC investment companies since 2020.

Credit Suisse Multialternative Strategy Fund
Information Concerning Trustees and Officers (unaudited)

Name, Address
(Year of Birth)

Position(s)
Held with
Fund

Term
of Office¹
and
Length
of Time
Served

Principal
Occupation(s) During
Past Five Years

Number of
Portfolios
in Fund
Complex
Overseen
by Trustee

Other
Trusteeships
Held by Trustee
During Past Five Years

Independent Trustees

Laura A. DeFelice
c/o Credit Suisse Asset
Management, LLC
Attn: General Counsel
Eleven Madison Avenue
New York, New York
10010
(1959)

Trustee, Nominating and Audit Committee member

Since 2017

None

Jeffrey E. Garten
c/o Credit Suisse Asset Management, LLC
Attn: General Counsel
Eleven Madison Avenue
New York, New York
10010
(1946)

Trustee, Nominating and Audit Committee member

Since Fund Inception

¹ Subject to the Trust's retirement policy, each Trustee may continue to serve as a Trustee until the last day of the calendar year in which the applicable Trustee attains age 75. Officer serves until his or her respective successor has been duly elected and qualified.

Credit Suisse Multialternative Strategy Fund
Information Concerning Trustees and Officers (unaudited) (continued)

Name, Address
(Year of Birth)

Position(s)
Held with
Fund

Term
of Office¹
and
Length
of Time
Served

Principal
Occupation(s) During
Past Five Years

Number of
Portfolios
in Fund
Complex
Overseen
by Trustee

Other
Trusteeships
Held by Trustee
During Past Five Years

Independent Trustees

Mahendra R. Gupta
c/o Credit Suisse Asset
Management, LLC
Attn: General Counsel
Eleven Madison Avenue
New York, New York
10010
(1956)

Trustee, Nominating Committee member and Audit Committee Chairman

Since 2017

Steven N. Rappaport
c/o Credit Suisse Asset Management, LLC
Attn: General Counsel
Eleven Madison Avenue
New York, New York
10010
(1948)

Chairman of the Board, Nominating Committee Chairman and Audit Committee member

Trustee since Fund Inception and Chairman since 2005

Partner of Lehigh Court, LLC and RZ Capital (private investment firms) from July 2002 to present; Partner of Backstage Acquisition Holdings, LLC (publication job postings) from November 2013 to 2018.

¹ Subject to the Trust's retirement policy, each Trustee may continue to serve as a Trustee until the last day of the calendar year in which the applicable Trustee attains age 75. Officer serves until his or her respective successor has been duly elected and qualified.

Credit Suisse Multialternative Strategy Fund
Information Concerning Trustees and Officers (unaudited) (continued)

Name, Address
(Year of Birth)

Position(s)
Held with
Fund

Term
of Office¹
and
Length
of Time
Served

Principal
Occupation(s) During
Past Five Years

Number of
Portfolios
in Fund
Complex
Overseen
by Trustee

Other
Trusteeships
Held by Trustee
During Past Five Years

Interested Trustee

John G. Popp²Credit Suisse Asset
Management, LLC
Eleven Madison Avenue
New York, New York
10010
(1956)

Trustee, Chief Executive Officer and President

Trustee since 2017
Chief Executive Officer and President since 2010

None.

¹ Subject to the Trust's retirement policy, each Trustee may continue to serve as a Trustee until the last day of the calendar year in which the applicable Trustee attains age 75. Officer serves until his or her respective successor has been duly elected and qualified.

² Mr. Popp is an "interested person" of the Trust, as defined in the 1940 Act, by virtue of his current position as an officer of Credit Suisse.

Credit Suisse Multialternative Strategy Fund
Information Concerning Trustees and Officers (unaudited) (continued)

Name, Address
(Year of Birth)

Position(s)
Held with
Fund

Term of
Office¹
and
Length of
Time
Served

Principal Occupation(s) During Past Five Years

Officers*

Emidio Morizio
Credit Suisse Asset
Management, LLC
Eleven Madison Avenue
New York, New York 10010
(1966)

Chief Compliance Officer

Since Fund Inception

Managing Director and Global Head of Compliance of Credit Suisse since 2010; Associated with Credit Suisse since July 2000; Officer of other Credit Suisse Funds.

Lou Anne McInnis
Credit Suisse Asset Management, LLC
Eleven Madison Avenue
New York, New York 10010
(1959)

Chief Legal Officer

Since 2015

Omar Tariq
Credit Suisse Asset
Management, LLC
Eleven Madison Avenue
New York, New York 10010
(1983)

Chief Financial Officer and Treasurer

Since 2019

Director of Credit Suisse since March 2019; Senior Manager of PriceWaterhouseCoopers, LLP from September 2010 to March 2019; Officer of other Credit Suisse Funds.

Karen Regan
Credit Suisse Asset
Management, LLC
Eleven Madison Avenue
New York, New York 10010
(1963)

Vice President and Secretary

Since 2010

Vice President of Credit Suisse; Associated with Credit Suisse since December 2004; Officer of other Credit Suisse Funds.

¹ Subject to the Trust's retirement policy, each Trustee may continue to serve as a Trustee until the last day of the calendar year in which the applicable Trustee attains age 75. Officer serves until his or her respective successor has been duly elected and qualified.

* The officers of the Fund shown are officers that make policy decisions.

The Statement of Additional Information includes additional information about the Trustees and is available, without charge, upon request, by calling 877-870-2874.

Credit Suisse Multialternative Strategy Fund
Proxy Voting and Portfolio Holdings Information (unaudited)

• By calling 1-877-870-2874

• On the Fund's website, www.credit-suisse.com/us/funds

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

P.O. BOX 219916, KANSAS CITY, MO 64121-9916

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

CREDIT SUISSE SECURITIES (USA) LLC, DISTRIBUTOR. MSF-AR-1020

Item 2. Code of Ethics.

The registrant has adopted a code of ethics applicable to its Chief Executive Officer, President, Chief Financial Officer and Chief Accounting Officer, or persons performing similar functions. A copy of the code is filed as Exhibit 12(a)(1) to this Form. There were no amendments to the code during the fiscal year ended October 31, 2020. There were no waivers or implicit waivers from the code granted by the registrant during the fiscal year ended October 31, 2020.

Item 3. Audit Committee Financial Expert.

The registrant's governing board has determined that it has two audit committee financial experts serving on its audit committee: Mahendra R. Gupta and Steven N. Rappaport. Each audit committee financial expert is "independent" for purposes of this item.

Item 4. Principal Accountant Fees and Services.

(a) through (d). The information in the table below is provided for services rendered to the registrant showing the amount of fees billed to the registrant during the registrant’s last two fiscal years by PricewaterhouseCoopers LLP (“PwC”), the registrant’s current independent registered public accounting firm, and the registrant’s former independent registered public accounting firm. The audit fees billed to the registrant for the fiscal year 2020 are the only fees that have been billed to the registrant by PwC. All other fees listed in the tables below were billed to the registrant by the registrant’s former independent registered public accounting firm. For engagements with PwC and the registrant’s former independent registered public accounting firm the Audit Committee approved in advance all audit services and non-audit services that PwC and the registrant’s former independent registered public accounting firm provided to the registrant for its fiscal years ended October 31, 2019 and October 31, 2020.

	2019		2020
Audit Fees	$	175,600	$	175,600
Audit-Related Fees¹	$	34,736	$	-
Tax Fees²	$	13,680	$	19,760
All Other Fees	$	-	$	-
Total	$	224,016	$	195,360

¹ Services include agreed-upon procedures in connection with the registrant’s semi-annual financial statements ($34,736 for 2019 and $0 for 2020).

² Tax services in connection with the registrant’s excise tax calculations and review of the registrant’s applicable tax returns.

The information in the table below is provided with respect to non-audit services that directly relate to the registrant’s operations and financial reporting and that were rendered by the registrant’s former independent registered public accounting firm for the fiscal year ended October 31, 2019 and by PwC for the fiscal year ended October 31, 2020 to the registrant’s investment adviser, Credit Suisse Asset Management, LLC (“Credit Suisse”), and any service provider to the registrant controlling, controlled by or under common control with Credit Suisse that provided ongoing services to the registrant (“Covered Services Provider”).

	2019	2020
Audit-Related Fees	N/A	N/A
Tax Fees	N/A	N/A
All Other Fees	N/A	N/A
Total	N/A	N/A

(e)(1) Pre-Approval Policies and Procedures. The Audit Committee (“Committee”) of the registrant is responsible for pre-approving (i) all audit and permissible non-audit services to be provided by the independent registered public accounting firm to the registrant and (ii) all permissible non-audit services to be provided by the independent registered public accounting firm to Credit Suisse and any Covered Services Provider if the engagement relates directly to the operations and financial reporting of the registrant. The Committee may delegate its responsibility to pre-approve any such audit and permissible non-audit services to the Chairperson of the Committee, and the Chairperson shall report to the Committee, at its next regularly scheduled meeting after the Chairperson’s pre-approval of such services, his or her decision(s). The Committee may also establish detailed pre-approval policies and procedures for pre-approval of such services in accordance with applicable laws, including the delegation of some or all of the Committee’s pre-approval responsibilities to other persons (other than Credit Suisse or the registrant’s officers). Pre-approval by the Committee of any permissible non-audit services shall not be required so long as: (i) the aggregate amount of all such permissible non-audit services provided to the registrant, Credit Suisse and any Covered Services Provider constitutes not more than 5% of the total amount of revenues paid by the registrant to its independent registered public accounting firm during the fiscal year in which the permissible non-audit services are provided; (ii) the permissible non-audit services were not recognized by the registrant at the time of the engagement to be non-audit services; and (iii) such services are promptly brought to the attention of the Committee and approved by the Committee (or its delegate(s)) prior to the completion of the audit.

(e)(2) The information in the table below sets forth the percentages of fees for services (other than audit, review or attest services) rendered by the registrant’s former independent registered public accounting firm for the fiscal year ended October 31, 2019 and by PwC for the fiscal year ended October 31, 2020 to the registrant for which the pre-approval requirement was waived pursuant to Rule 2-01(c)(7)(i)(C) of Regulation S-X:

	2019	2020
Audit-Related Fees	N/A	N/A
Tax Fees	N/A	N/A
All Other Fees	N/A	N/A
Total	N/A	N/A

The information in the table below sets forth the percentages of fees for services (other than audit, review or attest services) rendered by the registrant’s former independent registered public accounting firm for the fiscal year ended October 31, 2019 and by PwC for the fiscal year ended October 31, 2020 to Credit Suisse and any Covered Services Provider required to be approved pursuant to Rule 2-01(c)(7)(ii) of Regulation S-X:

	2019	2020
Audit-Related Fees	N/A	N/A
Tax Fees	N/A	N/A
All Other Fees	N/A	N/A
Total	N/A	N/A

(f) Not Applicable.

(g) The aggregate fees billed by the registrant’s former independent registered public accounting firm for the fiscal year ended October 31, 2019 and by PwC for the fiscal year ended October 31, 2020 for non-audit services rendered to the registrant, Credit Suisse and Covered Service Providers were $0 and $0, respectively.

(h) Not Applicable.

Item 5. Audit Committee of Listed Registrants.

Form N-CSR disclosure requirement is not applicable to the registrant.

Item 6. Schedule of Investments.

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

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

Form N-CSR disclosure requirement is not applicable to the registrant.

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

Form N-CSR disclosure requirement is not applicable to the registrant.

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

Form N-CSR disclosure requirement is not applicable to the registrant.

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

None.

Item 11. Controls and Procedures.

(a) As of a date within 90 days from the filing date of this report, the principal executive officer and principal financial officer concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the “Act”)) were effective based on their evaluation of the disclosure controls and procedures required by Rule 30a-3(b) under the Act and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934.

(b) There were no changes in registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the most recent fiscal half-year covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.

Form N-CSR disclosure requirement is not applicable to the registrant.

Item 13. Exhibits.

(a)(1)

Registrant’s Code of Ethics is an exhibit to this report.

(a)(2)

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

(a)(3)

Not applicable.

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

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

CREDIT SUISSE OPPORTUNITY FUNDS

	/s/ John G. Popp
	Name: John G. Popp
	Title: Chief Executive Officer and President
	Date: December 30, 2020

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 and President
	Date: December 30, 2020

	/s/ Omar Tariq
	Name: Omar Tariq
	Title: Chief Financial Officer and Treasurer
	Date: December 30, 2020

Credit Suisse Opportunity Funds N-CSRCertified annual shareholder report (management investment company)