Credit Suisse Asset Management Income Fund Inc.

09/03/2025 | Press release | Distributed by Public on 09/03/2025 11:04

Semi-Annual Report by Investment Company (Form N-CSRS)

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. 811-05012
CREDIT SUISSE ASSET MANAGEMENT INCOME FUND, INC.
(Exact Name of Registrant as Specified in Charter)
Eleven Madison Avenue, New York, New York 10010
(Address of Principal Executive Offices) (Zip Code)
Omar Tariq
Credit Suisse Asset Management Income Fund, Inc.
Eleven Madison Avenue
New York, New York 10010
Registrant's telephone number, including area code: (212)
325-2000
Date of fiscal year end: December 31
Date of reporting period: January 1, 2025 to June 30, 2025
Item 1. Reports to Stockholders.
Credit Suisse Asset Management Income Fund, Inc.
Eleven Madison Avenue
New York, NY 10010
Directors
Laura A. DeFelice
Chair of the Board
Charles W. Gerber
Mahendra R. Gupta
Samantha Kappagoda
John G. Popp
Lee M. Shaiman
Officers
Omar Tariq
Chief Executive Officer and President
John G. Popp
Chief Investment Officer
Brandi Sinkovich
Chief Compliance Officer
Lou Anne McInnis
Chief Legal Officer
Rose Ann Bubloski
Chief Financial Officer and Treasurer
Karen Regan
Senior Vice President and Secretary
Investment Adviser
UBS Asset Management (Americas) LLC
787 Seventh Avenue
New York, NY 10019
Administrator and Custodian
State Street Bank and Trust Co.
One Congress Street, Suite 1
Boston, MA 02114-2016
Shareholder Servicing Agent
Computershare Trust Company, N.A.
P.O. Box 43006
Providence, RI 02940-3078
Legal Counsel
Simpson Thacher & Bartlett LLP
425 Lexington Avenue
New York, NY 10017
Independent Registered Public Accounting Firm
Ernst & Young LLP
One Manhattan West
New York, NY 10001
Credit Suisse Asset Management Income Fund, Inc.
SEMIANNUAL REPORT
June 30, 2025 (unaudited)
Credit Suisse Asset Management Income Fund, Inc.
Semiannual Investment Adviser's Report
June 30, 2025 (unaudited)
June 30, 2025
Dear Shareholder:
We are pleased to present this Semiannual Report covering the activities of the Credit Suisse Asset Management Income Fund, Inc. (the "Fund") for the
six-month
period ended June 30, 2025 ("the Period").
Performance Summary
1/1/2025 - 6/30/2025
Fund & Benchmark
Performance
Total Return (based on net asset value ("NAV"))
1
3.70 %
Total Return (based on market value)
1
7.67 %
ICE BofA US High Yield Constrained Index (the "Index")
2
4.55 %
1
Assuming reinvestment of distributions.
2
The ICE BofA US High Yield Constrained Index (the "Index") is an unmanaged index that tracks the performance of below investment-grade U.S. dollar-denominated corporate bonds issued in the U.S. domestic market, where each issuer's allocation is limited to 2% of the Index. The Index does not have transaction costs and investors cannot invest directly in the Index.
Market Review: A positive period for high yield assets
The Period was positive for the high yield asset class, with the Index, the Fund's benchmark, gaining 4.55% for the Period. This follows strong 2024 returns of 8.20%. For much of 2025 so far, government bond yields declined-the
10-year
U.S. treasury rate reached 4.23% compared to 4.57% in the prior period. On the positive side, this provided a tailwind for high yield returns. Credit spreads widened as the Trump administration's trade policy caused concern of a potential recession. However, investor sentiment improved throughout the second quarter as trade rhetoric softened and economic conditions remained sound. Spreads reached a peak of +476 basis points, up from +308 at the beginning of the Period, and settled at +323 basis points as of June 30, 2025. Accordingly, average yields on the Index decreased to end the Period at 7.02%-39 basis points lower than on December 31, 2024.
For the Period,
BB-rated
bonds outperformed the Index, gaining 5.01%.
B-rated
bonds were relatively in line with the Index, returning 4.25%, while
CCC-rated
bonds underperformed the Index with a 3.97% return.
From an industry perspective, food & drug retailers,
non-electric
utilities, and pharmaceuticals were the best performing sectors, gaining 8.44%, 7.84% and 7.58%, respectively. In contrast, the worst performing sectors included media-diversified, rail, and department stores, which returned
-12.55%,
-4.47%
and
-0.10%,
respectively.
Default activity remains below long-term averages which led to very limited bankruptcy filings in the high yield space. According to JP Morgan, the default rate, including distressed exchanges, ended the Period at 1.41%-down 6 basis points over the Period. While we expect increased volatility for the remainder of the year, we do not expect a material increase in defaults in the near-term.
Mutual fund flows were positive during the Period, continuing the momentum from 2024. Inflows totaled $9.7 billion in the first six months of 2025, which compares to inflows of $5.4 billion in the first half of 2024 and $16.3 billion for 2024 overall. Interestingly, due to the market panic around President Trump's trade negotiations, April 2025 saw $10.9 billion of outflows. However, inflows of nearly $7 billion in both May and June more than made up for the lost capital.
1
Credit Suisse Asset Management Income Fund, Inc.
Semiannual Investment Adviser's Report (continued)
June 30, 2025 (unaudited)
Year-to-date,
new high yield issuance totaled $145.6 billion-down approximately 12% year-over-year. However, if we exclude refinancing activity, "net" new issuance of $40.4 billion is up 29% versus the first half of 2024. So, while the high yield capital markets continue to be dominated by refinancing activity so far in 2025, it is to a lesser degree than last year.
Strategic review and outlook: Focusing on discipline to find the right opportunities
For the Period, the Fund underperformed from an NAV perspective but outperformed from a market-price perspective. From a ratings perspective, the portfolio outperformed the Index in both Ba and
B-rated
securities, while security selection within
CCC-rated
investments-along with an allocation to loans-detracted from relative returns.
Positive returns for the high yield asset class have persisted thanks to the resiliency of the U.S. economy and strong technical footing in the market with steady inflows and low net new issuance. The tariff threats are causing uncertainty and reducing capital investments, putting fundamentals at risk. However, when we examine the average high yield issuer, we see conservative balance sheets and enough cushion to withstand a slower growth environment. As volatility and uncertainty continue to impact markets, we believe the high yield asset class will continue to offer attractive risk-adjusted investment opportunities. We remain committed to our credit underwriting standards as cost of capital remains relatively high and growing geopolitical risks have the potential to hurt consumers and businesses alike.
John G. Popp
Chief Investment Officer*
Omar Tariq
Chief Executive Officer and President**
High yield bonds are lower-quality bonds that are also known as "junk bonds." Such bonds entail greater risks than those found in higher-rated securities.
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 June 30, 2025; these views and Fund holdings may have changed subsequent to these dates. Nothing in this document is a recommendation to purchase or sell securities.
*
John G. Popp is a Managing Director of UBS Asset Management (Americas) LLC ("UBS AM (Americas)") and Group Head and Chief Investment Officer of Credit Investments Group ("CIG"), with primary responsibility for making investment decisions and monitoring processes for CIG's global investment strategies. Mr. Popp also serves as Trustee of the Credit Suisse open-end Funds, as well as serving as Director for the Credit Suisse Asset Management Income Fund, Inc. and Trustee of the Credit Suisse High Yield Bond Fund.
**
Omar Tariq is an Executive Director of UBS AM (Americas). Mr. Tariq also serves as Chief Executive Officer and President of the Credit Suisse open-end funds, the Credit Suisse Asset Management Income Fund, Inc. and the Credit Suisse High Yield Bond Fund.
2
Credit Suisse Asset Management Income Fund, Inc.
Semiannual Investment Adviser's Report (continued)
June 30, 2025 (unaudited)
Average Annual Returns
June 30, 2025 (unaudited)
6 Months
1 Year
3 Years
5 Years
10 Years
Net Asset Value (NAV)
3.70% 8.85% 11.91% 8.51% 7.03%
Market Value
7.67% 9.22% 12.98% 11.48% 8.46%
UBS AM (Americas) may waive fees and/or reimburse expenses, without which performance would be lower. Returns represent past performance and do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the sale of Fund shares. Total investment return at NAV is based on the change in the NAV of Fund shares and assumes reinvestment of dividends, capital gains, and return of capital distributions, if any, at prices pursuant to the Fund's dividend reinvestment program. Total investment return at market value is based on the change in the market price at which the Fund's shares traded on the NYSE American during the period and assumes reinvestment of dividends, capital gains, and return of capital distributions, if any, at prices pursuant to the Fund's dividend reinvestment program. Because the Fund's shares trade in the stock market based on investor demand, the Fund may trade at a price higher or lower than its NAV. Therefore, returns are calculated based on NAV and share price.
Past performance is no guarantee of future results.
The current performance of the Fund may be lower or higher than the figures shown. The Fund's yield, return, NAV and market price will fluctuate. Performance information current to the most recent month end is available by calling
1-800-293-1232.
The annualized gross and net expense ratios are 3.02%.
Credit Quality Breakdown *
(% of Total Investments as of
June 30, 2025)
S&P Ratings**
BBB
2.5 %
BB
34.9
B
39.2
CCC
12.4
CC
0.1
D
0.8
NR
7.4
Subtotal
97.3
Equity and Other
2.7
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.
Derivatives are not reflected in amounts reported above.
3
Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments
June 30, 2025 (unaudited)
Par
(000)
Ratings†
(S&P/Moody's)
Maturity
Rate%
Value
CORPORATE BONDS
(107.5%)
Aerospace & Defense
(3.3%)
$
400
AAR Escrow Issuer LLC, Rule 144A, Company Guaranteed Notes
(Callable 03/15/26 @ 103.38)
(1)
(BB, Ba2)
03/15/29
6.750
$
414,797
1,600
Amentum Holdings, Inc., Rule 144A, Company Guaranteed Notes
(Callable 08/01/27 @ 103.63)
(1)
(B, B3)
08/01/32
7.250
1,647,819
391
Bombardier, Inc., Rule 144A, Senior Unsecured Notes
(Callable 02/01/26 @ 103.75)
(1)
(BB-, B1)
02/01/29
7.500
410,291
600
Bombardier, Inc., Rule 144A, Senior Unsecured Notes
(Callable 11/15/26 @ 104.38)
(1)
(BB-, B1)
11/15/30
8.750
650,224
305
CACI International, Inc., Rule 144A, Company Guaranteed Notes
(Callable 06/15/28 @ 103.19)
(1)
(BB-, Ba2)
06/15/33
6.375
314,778
536
Goat Holdco LLC, Rule 144A, Senior Secured Notes (Callable 02/01/28 @ 103.38)
(1)
(B, B2)
02/01/32
6.750
545,367
840
TransDigm, Inc., Rule 144A, Senior Secured Notes (Callable 03/01/26 @ 103.19)
(1)
(BB-, Ba3)
03/01/29
6.375
861,957
440
TransDigm, Inc., Rule 144A, Senior Secured Notes (Callable 03/01/27 @ 103.31)
(1)
(BB-, Ba3)
03/01/32
6.625
456,229
5,301,462
Air Transportation
(0.2%)
369
VistaJet Malta Finance PLC/Vista Management Holding, Inc., Rule 144A, Senior Unsecured Notes
(Callable 07/30/25 @ 103.19)
(1),(2)
(B, B3)
02/01/30
6.375
342,580
Auto Parts & Equipment
(5.7%)
1,388
Adient Global Holdings Ltd., Rule 144A, Company Guaranteed Notes
(Callable 02/15/28 @ 103.75)
(1),(2)
(BB, B2)
02/15/33
7.500
1,420,587
286
Adient Global Holdings Ltd., Rule 144A, Senior Secured Notes
(Callable 07/10/25 @ 103.50)
(1)
(BBB-, Ba2)
04/15/28
7.000
295,028
2,086
Clarios Global LP/Clarios U.S. Finance Co., Rule 144A, Company Guaranteed Notes
(Callable 07/30/25 @ 100.00)
(1)
(B, Caa1)
05/15/27
8.500
2,098,860
631
Cougar JV Subsidiary LLC, Rule 144A, Senior Unsecured Notes
(Callable 05/15/27 @ 104.00)
(1)
(B+, B2)
05/15/32
8.000
672,874
1,825
Dealer Tire LLC/DT Issuer LLC, Rule 144A, Senior Unsecured Notes
(Callable 07/30/25 @ 102.00)
(1),(2)
(CCC, Caa1)
02/01/28
8.000
1,764,383
1,530
Garrett Motion Holdings, Inc./Garrett LX I SARL, Rule 144A, Company Guaranteed Notes
(Callable 05/31/27 @ 103.88)
(1)
(B, B1)
05/31/32
7.750
1,594,387
1,222
Phinia, Inc., Rule 144A, Senior Secured Notes (Callable 04/15/26 @ 103.38)
(1)
(BB+, Baa3)
04/15/29
6.750
1,262,623
9,108,742
Brokerage
(0.6%)
945
StoneX Group, Inc., Rule 144A, Secured Notes (Callable 03/01/27 @ 103.94)
(1)
(BB-, Ba3)
03/01/31
7.875
991,192
Building & Construction
(3.9%)
1,000
Installed Building Products, Inc., Rule 144A, Company Guaranteed Notes
(Callable 07/15/25 @ 100.00)
(1)
(B+, Ba2)
02/01/28
5.750
1,000,994
1,442
MasTec, Inc., Rule 144A, Senior Unsecured Notes (Callable 07/10/25 @ 103.31)
(1)
(BBB-, NR)
08/15/29
6.625
1,449,779
1,774
Pike Corp., Rule 144A, Company Guaranteed Notes (Callable 07/30/25 @ 101.38)
(1)
(B, B3)
09/01/28
5.500
1,771,129
200
Pike Corp., Rule 144A, Senior Unsecured Notes (Callable 01/31/27 @ 104.31)
(1)
(B, B3)
01/31/31
8.625
217,766
434
Quikrete Holdings, Inc., Rule 144A, Senior Secured Notes
(Callable 03/01/28 @ 103.19)
(1)
(BB, Ba3)
03/01/32
6.375
447,216
See Accompanying Notes to Financial Statements.
4
Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments (continued)
June 30, 2025 (unaudited)
Par
(000)
Ratings†
(S&P/Moody's)
Maturity
Rate%
Value
CORPORATE BONDS
(continued)
Building & Construction
(continued)
$
723
Quikrete Holdings, Inc., Rule 144A, Senior Unsecured Notes
(Callable 03/01/28 @ 103.38)
(1)
(B+, B2)
03/01/33
6.750
$
746,480
705
Standard Building Solutions, Inc., Rule 144A, Senior Unsecured Notes
(Callable 08/15/27 @ 103.25)
(1)
(BB, Ba3)
08/15/32
6.500
722,860
6,356,224
Building Materials
(5.9%)
377
Advanced Drainage Systems, Inc., Rule 144A, Company Guaranteed Notes
(Callable 07/30/25 @ 103.19)
(1)
(BB-, Ba2)
06/15/30
6.375
385,850
1,500
Arcosa, Inc., Rule 144A, Company Guaranteed Notes
(Callable 08/15/27 @ 103.44)
(1)
(B+, Ba3)
08/15/32
6.875
1,557,735
142
Camelot Return Merger Sub, Inc., Rule 144A, Senior Secured Notes
(Callable 07/30/25 @ 106.56)
(1)
(B-, B3)
08/01/28
8.750
131,063
735
Cornerstone Building Brands, Inc., Rule 144A, Senior Secured Notes
(Callable 08/15/26 @ 104.75)
(1)
(B-, B3)
08/15/29
9.500
676,349
1,606
Foundation Building Materials, Inc., Rule 144A, Company Guaranteed Notes
(Callable 07/30/25 @ 101.50)
(1),(2)
(CCC+, Caa2)
03/01/29
6.000
1,471,458
800
James Hardie International Finance DAC, Rule 144A, Company Guaranteed Notes
(Callable 07/30/25 @ 100.83)
(1)
(BB, Ba1)
01/15/28
5.000
796,768
532
Masterbrand, Inc., Rule 144A, Company Guaranteed Notes
(Callable 07/15/27 @ 103.50)
(1)
(BB, Ba3)
07/15/32
7.000
544,008
1,287
Miter Brands Acquisition Holdco, Inc./MIWD Borrower LLC, Rule 144A, Senior Secured Notes
(Callable 04/01/27 @ 103.38)
(1)
(BB-, B1)
04/01/32
6.750
1,320,827
1,819
Oscar AcquisitionCo LLC/Oscar Finance, Inc., Rule 144A, Senior Unsecured Notes
(Callable 07/30/25 @ 104.75)
(1),(2)
(CCC, Caa2)
04/15/30
9.500
1,482,607
400
Standard Industries, Inc., Rule 144A, Senior Unsecured Notes
(Callable 07/30/25 @ 102.19)
(1)
(BB, Ba3)
07/15/30
4.375
378,968
748
White Cap Buyer LLC, Rule 144A, Senior Unsecured Notes
(Callable 07/30/25 @ 101.72)
(1),(2)
(CCC+, Caa1)
10/15/28
6.875
747,386
9,493,019
Cable & Satellite TV
(1.6%)
1,856
Altice France SA, Rule 144A, Senior Secured Notes
(Callable 07/30/25 @ 101.28)
(1),(3),(4)
(D, Caa2)
01/15/29
0.000
1,534,680
200
Altice France SA, Rule 144A, Senior Secured Notes
(Callable 07/30/25 @ 101.28)
(1),(3),(4)
(D, Caa2)
07/15/29
0.000
166,195
200
Altice France SA, Rule 144A, Senior Secured Notes
(Callable 07/30/25 @ 102.75)
(1),(3),(4)
(D, Caa2)
10/15/29
0.000
166,375
800
Sunrise FinCo I BV, Rule 144A, Senior Secured Notes
(Callable 07/15/26 @ 102.44)
(1)
(BB-, B1)
07/15/31
4.875
757,100
2,624,350
Chemicals
(5.0%)
477
Avient Corp., Rule 144A, Senior Unsecured Notes (Callable 08/01/25 @ 103.56)
(1)
(BB-, Ba3)
08/01/30
7.125
493,371
533
Avient Corp., Rule 144A, Senior Unsecured Notes (Callable 09/15/27 @ 103.13)
(1)
(BB-, Ba3)
11/01/31
6.250
538,068
515
Element Solutions, Inc., Rule 144A, Company Guaranteed Notes
(Callable 07/30/25 @ 100.97)
(1)
(BB, B1)
09/01/28
3.875
499,138
See Accompanying Notes to Financial Statements.
5
Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments (continued)
June 30, 2025 (unaudited)
Par
(000)
Ratings†
(S&P/Moody's)
Maturity
Rate%
Value
CORPORATE BONDS
(continued)
Chemicals
(continued)
$
600
Herens Holdco SARL, Rule 144A, Senior Secured Notes
(Callable 07/30/25 @ 101.88)
(1)
(B-, B2)
05/15/28
4.750
$
538,403
800
Herens Midco SARL, Rule 144A, Company Guaranteed Notes
(Callable 07/30/25 @ 101.31)
(1),(5)
(CCC, Caa2)
05/15/29
5.250
692,156
1,288
INEOS Finance PLC, Rule 144A, Senior Secured Notes
(Callable 07/30/25 @ 103.38)
(1)
(BB-, Ba3)
05/15/28
6.750
1,279,766
607
Methanex U.S. Operations, Inc., Rule 144A, Company Guaranteed Notes
(Callable 09/15/31 @ 100.00)
(1)
(BB, Ba2)
03/15/32
6.250
604,773
1,600
Tronox, Inc., Rule 144A, Company Guaranteed Notes
(Callable 07/30/25 @ 101.16)
(1),(2)
(BB-, B2)
03/15/29
4.625
1,382,185
1,915
Vibrantz Technologies, Inc., Rule 144A, Senior Unsecured Notes
(Callable 07/30/25 @ 104.50)
(1),(2)
(CCC+, Caa2)
02/15/30
9.000
1,291,739
690
WR Grace Holdings LLC, Rule 144A, Senior Secured Notes
(Callable 03/01/26 @ 103.69)
(1)
(B-, B2)
03/01/31
7.375
706,743
8,026,342
Diversified Capital Goods
(2.1%)
762
Atkore, Inc., Rule 144A, Senior Unsecured Notes (Callable 06/01/26 @ 102.13)
(1)
(BB+, Ba2)
06/01/31
4.250
705,620
1,400
Dornoch Debt Merger Sub, Inc., Rule 144A, Senior Unsecured Notes
(Callable 07/30/25 @ 103.31)
(1),(2)
(CCC, Caa2)
10/15/29
6.625
1,085,890
600
EnerSys, Rule 144A, Company Guaranteed Notes (Callable 09/15/27 @ 100.00)
(1)
(BB+, Ba3)
12/15/27
4.375
591,913
500
EnerSys, Rule 144A, Company Guaranteed Notes (Callable 01/15/27 @ 103.31)
(1)
(BB+, Ba3)
01/15/32
6.625
511,811
491
Maxam Prill SARL, Rule 144A, Senior Secured Notes
(Callable 07/02/27 @ 103.88)
(1)
(NR, NR)
07/15/30
7.750
492,252
3,387,486
Electronics
(1.3%)
1,015
Ellucian Holdings, Inc., Rule 144A, Senior Secured Notes
(Callable 12/01/26 @ 103.25)
(1)
(B-, B2)
12/01/29
6.500
1,040,572
950
Sensata Technologies, Inc., Rule 144A, Company Guaranteed Notes
(Callable 07/15/27 @ 103.31)
(1)
(BB+, Ba2)
07/15/32
6.625
978,471
2,019,043
Energy - Exploration & Production
(6.3%)
425
Civitas Resources, Inc., Rule 144A, Company Guaranteed Notes
(Callable 07/10/25 @ 104.19)
(1)
(BB-, B1)
07/01/28
8.375
435,677
679
Civitas Resources, Inc., Rule 144A, Company Guaranteed Notes
(Callable 07/01/26 @ 104.38)
(1)
(BB-, B1)
07/01/31
8.750
687,746
211
Civitas Resources, Inc., Rule 144A, Company Guaranteed Notes
(Callable 06/15/28 @ 104.81)
(1)
(BB-, B1)
06/15/33
9.625
216,509
1,477
CNX Midstream Partners LP, Rule 144A, Company Guaranteed Notes
(Callable 07/30/25 @ 102.38)
(1)
(BB, B1)
04/15/30
4.750
1,398,826
450
CNX Resources Corp., Rule 144A, Company Guaranteed Notes
(Callable 03/01/27 @ 103.63)
(1)
(BB, B1)
03/01/32
7.250
466,112
2,050
CQP Holdco LP/BIP-V Chinook Holdco LLC, Rule 144A, Senior Secured Notes (Callable 12/15/28 @ 103.75)
(1)
(BB, Ba2)
12/15/33
7.500
2,232,438
See Accompanying Notes to Financial Statements.
6
Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments (continued)
June 30, 2025 (unaudited)
Par
(000)
Ratings†
(S&P/Moody's)
Maturity
Rate%
Value
CORPORATE BONDS
(continued)
Energy - Exploration & Production
(continued)
$
203
Excelerate Energy LP, Rule 144A, Company Guaranteed Notes
(Callable 05/15/27 @ 104.00)
(1)
(BB+, NR)
05/15/30
8.000
$
214,527
420
Matador Resources Co., Rule 144A, Company Guaranteed Notes
(Callable 07/10/25 @ 103.44)
(1)
(BB-, B1)
04/15/28
6.875
428,723
626
Matador Resources Co., Rule 144A, Company Guaranteed Notes
(Callable 04/15/27 @ 103.25)
(1)
(BB-, B1)
04/15/32
6.500
626,494
550
Murphy Oil USA, Inc., Rule 144A, Company Guaranteed Notes
(Callable 02/15/26 @ 101.88)
(1)
(BB+, Ba2)
02/15/31
3.750
508,016
2,284
Northern Oil & Gas, Inc., Rule 144A, Senior Unsecured Notes
(Callable 07/30/25 @ 102.03)
(1)
(B+, B1)
03/01/28
8.125
2,305,837
720
TGNR Intermediate Holdings LLC, Rule 144A, Senior Unsecured Notes
(Callable 07/30/25 @ 102.75)
(1)
(B+, B3)
10/15/29
5.500
698,131
10,219,036
Environmental
(0.4%)
223
Clean Harbors, Inc., Rule 144A, Company Guaranteed Notes
(Callable 02/01/26 @ 103.19)
(1)
(BB+, Ba2)
02/01/31
6.375
228,587
391
Waste Pro U.S.A., Inc., Rule 144A, Senior Unsecured Notes
(Callable 02/01/28 @ 103.50)
(1)
(B-, B3)
02/01/33
7.000
406,780
635,367
Food - Wholesale
(1.6%)
500
Darling Ingredients, Inc., Rule 144A, Company Guaranteed Notes
(Callable 07/10/25 @ 100.00)
(1)
(BB+, Ba2)
04/15/27
5.250
499,164
1,133
Darling Ingredients, Inc., Rule 144A, Company Guaranteed Notes
(Callable 07/10/25 @ 103.00)
(1)
(BB+, Ba2)
06/15/30
6.000
1,148,881
885
Performance Food Group, Inc., Rule 144A, Company Guaranteed Notes
(Callable 09/15/27 @ 103.06)
(1)
(BB, B1)
09/15/32
6.125
906,190
2,554,235
Gaming
(2.5%)
325
Boyd Gaming Corp., Rule 144A, Company Guaranteed Notes
(Callable 06/15/26 @ 102.38)
(1)
(BB, B1)
06/15/31
4.750
311,698
1,032
Caesars Entertainment, Inc., Rule 144A, Senior Secured Notes
(Callable 02/15/26 @ 103.50)
(1)
(BB-, Ba3)
02/15/30
7.000
1,069,077
218
Caesars Entertainment, Inc., Rule 144A, Senior Secured Notes
(Callable 02/15/27 @ 103.25)
(1)
(BB-, Ba3)
02/15/32
6.500
223,759
834
Light & Wonder International, Inc., Rule 144A, Company Guaranteed Notes (Callable 07/15/25 @ 100.00)
(1)
(B+, B2)
05/15/28
7.000
837,299
1,500
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp., Rule 144A, Company Guaranteed Notes
(Callable 02/15/27 @ 100.00)
(1)
(BB-, B1)
05/15/27
5.250
1,501,319
3,943,152
Gas Distribution
(2.8%)
200
Blue Racer Midstream LLC/Blue Racer Finance Corp., Rule 144A, Senior Unsecured Notes
(Callable 07/15/27 @ 103.63)
(1)
(B+, B2)
07/15/32
7.250
212,042
See Accompanying Notes to Financial Statements.
7
Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments (continued)
June 30, 2025 (unaudited)
Par
(000)
Ratings†
(S&P/Moody's)
Maturity
Rate%
Value
CORPORATE BONDS
(continued)
Gas Distribution
(continued)
$
286
Genesis Energy LP/Genesis Energy Finance Corp., Global Company Guaranteed Notes
(Callable 04/15/26 @ 104.44)
(B, B3)
04/15/30
8.875
$
303,962
400
Hess Midstream Operations LP, Rule 144A, Company Guaranteed Notes
(Callable 03/01/26 @ 102.94)
(1)
(BB+, Ba2)
03/01/28
5.875
406,225
400
Hess Midstream Operations LP, Rule 144A, Company Guaranteed Notes
(Callable 10/15/25 @ 102.75)
(1)
(BB+, Ba2)
10/15/30
5.500
401,941
692
Rockies Express Pipeline LLC, Rule 144A, Senior Unsecured Notes
(Callable 03/15/28 @ 103.38)
(1)
(BB, Ba2)
03/15/33
6.750
722,804
610
Rockies Express Pipeline LLC, Rule 144A, Senior Unsecured Notes
(Callable 02/15/30 @ 100.00)
(1)
(BB, Ba2)
05/15/30
4.800
591,635
600
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp., Rule 144A, Company Guaranteed Notes
(Callable 12/31/25 @ 103.00)
(1)
(B+, B1)
12/31/30
6.000
589,305
1,300
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp., Rule 144A, Senior Unsecured Notes
(Callable 02/15/26 @ 103.69)
(1)
(B+, B1)
02/15/29
7.375
1,336,941
4,564,855
Health Facility
(0.2%)
364
Insulet Corp., Rule 144A, Senior Unsecured Notes (Callable 04/01/28 @ 103.25)
(1)
(B+, B2)
04/01/33
6.500
378,464
Health Services
(2.3%)
1,107
AMN Healthcare, Inc., Rule 144A, Company Guaranteed Notes
(Callable 07/10/25 @ 101.00)
(1),(2)
(B+, B1)
04/15/29
4.000
1,025,952
1,746
AthenaHealth Group, Inc., Rule 144A, Senior Unsecured Notes
(Callable 07/30/25 @ 103.25)
(1)
(CCC, Caa2)
02/15/30
6.500
1,719,499
1,046
Pediatrix Medical Group, Inc., Rule 144A, Company Guaranteed Notes
(Callable 07/30/25 @ 102.69)
(1),(2)
(BB-, Ba3)
02/15/30
5.375
1,033,443
3,778,894
Hotels
(0.2%)
30
Hilton Domestic Operating Co., Inc., Rule 144A, Company Guaranteed Notes (Callable 04/01/26 @ 102.94)
(1)
(BB+, Ba2)
04/01/29
5.875
30,665
63
RHP Hotel Properties LP/RHP Finance Corp., Rule 144A, Company Guaranteed Notes
(Callable 06/15/28 @ 103.25)
(1)
(BB, Ba3)
06/15/33
6.500
64,850
181
RHP Hotel Properties LP/RHP Finance Corp., Rule 144A, Company Guaranteed Notes
(Callable 04/01/27 @ 103.25)
(1)
(BB, Ba3)
04/01/32
6.500
186,099
281,614
Insurance Brokerage
(7.0%)
1,069
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, Rule 144A, Senior Secured Notes
(Callable 07/30/25 @ 103.38)
(1)
(B, B2)
04/15/28
6.750
1,086,536
333
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, Rule 144A, Senior Secured Notes
(Callable 10/01/27 @ 103.69)
(1)
(B, B2)
10/01/31
6.500
339,510
400
AmWINS Group, Inc., Rule 144A, Senior Secured Notes
(Callable 02/15/26 @ 103.19)
(1)
(B+, B1)
02/15/29
6.375
407,885
771
AssuredPartners, Inc., Rule 144A, Senior Unsecured Notes
(Callable 07/30/25 @ 101.41)
(1)
(CCC+, Caa2)
01/15/29
5.625
769,267
See Accompanying Notes to Financial Statements.
8
Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments (continued)
June 30, 2025 (unaudited)
Par
(000)
Ratings†
(S&P/Moody's)
Maturity
Rate%
Value
CORPORATE BONDS
(continued)
Insurance Brokerage
(continued)
$
770
AssuredPartners, Inc., Rule 144A, Senior Unsecured Notes
(Callable 02/15/27 @ 103.75)
(1),(2)
(CCC+, Caa2)
02/15/32
7.500
$
828,374
1,675
Howden U.K. Refinance PLC/Howden U.K. Refinance 2 PLC/Howden U.S. Refinance LLC, Rule 144A, Senior Secured Notes (Callable 02/15/27 @ 103.63)
(1)
(B, B2)
02/15/31
7.250
1,735,635
800
HUB International Ltd., Rule 144A, Senior Secured Notes
(Callable 06/15/26 @ 103.63)
(1)
(B+, B1)
06/15/30
7.250
836,284
1,000
Jones Deslauriers Insurance Management, Inc., Rule 144A, Senior Secured Notes
(Callable 03/15/26 @ 104.25)
(1)
(B-, B2)
03/15/30
8.500
1,060,658
1,200
Jones Deslauriers Insurance Management, Inc., Rule 144A, Senior Unsecured Notes
(Callable 12/15/25 @ 105.25)
(1)
(CCC, Caa2)
12/15/30
10.500
1,279,954
1,000
Panther Escrow Issuer LLC, Rule 144A, Senior Secured Notes
(Callable 06/01/27 @ 103.56)
(1)
(B, B2)
06/01/31
7.125
1,039,406
800
Ryan Specialty LLC, Rule 144A, Senior Secured Notes
(Callable 07/30/25 @ 102.19)
(1)
(BB-, B1)
02/01/30
4.375
774,736
1,125
Ryan Specialty LLC, Rule 144A, Senior Secured Notes
(Callable 08/01/27 @ 102.94)
(1)
(BB-, B1)
08/01/32
5.875
1,134,568
11,292,813
Investments & Misc. Financial Services
(8.8%)
2,100
Armor Holdco, Inc., Rule 144A, Company Guaranteed Notes
(Callable 07/30/25 @ 104.25)
(1)
(CCC+, Caa1)
11/15/29
8.500
2,013,724
600
Block, Inc., Senior Unsecured Notes (Callable 05/15/27 @ 103.25)
(BB+, Ba2)
05/15/32
6.500
619,476
2,000
Boost Newco Borrower LLC, Rule 144A, Senior Secured Notes
(Callable 01/15/27 @ 103.75)
(1)
(BB, Ba3)
01/15/31
7.500
2,124,512
1,000
Compass Group Diversified Holdings LLC, Rule 144A, Company Guaranteed Notes
(Callable 07/15/25 @ 101.31)
(1)
(B-, B3)
04/15/29
5.250
898,455
800
Compass Group Diversified Holdings LLC, Rule 144A, Senior Unsecured Notes
(Callable 01/15/27 @ 102.50)
(1)
(B-, B3)
01/15/32
5.000
677,402
1,400
Focus Financial Partners LLC, Rule 144A, Senior Secured Notes
(Callable 09/15/27 @ 103.38)
(1)
(B, B2)
09/15/31
6.750
1,430,127
326
Jane Street Group/JSG Finance, Inc., Rule 144A, Senior Secured Notes
(Callable 05/01/28 @ 103.38)
(1)
(BB, Ba1)
05/01/33
6.750
335,440
1,800
Jane Street Group/JSG Finance, Inc., Rule 144A, Senior Secured Notes
(Callable 04/30/27 @ 103.56)
(1)
(BB, Ba1)
04/30/31
7.125
1,895,596
125
Jane Street Group/JSG Finance, Inc., Rule 144A, Senior Secured Notes
(Callable 11/01/27 @ 103.06)
(1)
(BB, Ba1)
11/01/32
6.125
126,250
1,309
Paysafe Finance PLC/Paysafe Holdings U.S. Corp., Rule 144A, Senior Secured Notes
(Callable 07/30/25 @ 101.00)
(1)
(B, B2)
06/15/29
4.000
1,201,856
400
Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc., Rule 144A, Company Guaranteed Notes
(Callable 08/15/27 @ 103.38)
(1)
(BB-, Ba3)
08/15/32
6.750
415,812
1,680
VFH Parent LLC/Valor Co-Issuer, Inc., Rule 144A, Senior Secured Notes
(Callable 06/15/27 @ 103.75)
(1)
(B+, B1)
06/15/31
7.500
1,764,034
704
Walker & Dunlop, Inc., Rule 144A, Company Guaranteed Notes
(Callable 04/01/28 @ 103.31)
(1)
(BB, Ba2)
04/01/33
6.625
724,224
14,226,908
See Accompanying Notes to Financial Statements.
9
Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments (continued)
June 30, 2025 (unaudited)
Par
(000)
Ratings†
(S&P/Moody's)
Maturity
Rate%
Value
CORPORATE BONDS
(continued)
Machinery
(2.8%)
$
815
Chart Industries, Inc., Rule 144A, Senior Secured Notes
(Callable 01/01/26 @ 103.75)
(1)
(BB-, Ba2)
01/01/30
7.500
$
854,263
580
Enpro, Inc., Rule 144A, Company Guaranteed Notes
(Callable 06/01/28 @ 103.06)
(1)
(BB-, Ba3)
06/01/33
6.125
594,397
1,482
Enviri Corp., Rule 144A, Company Guaranteed Notes
(Callable 07/30/25 @ 100.00)
(1)
(B, B3)
07/31/27
5.750
1,464,012
575
Griffon Corp., Global Company Guaranteed Notes (Callable 07/30/25 @ 100.96)
(B+, B1)
03/01/28
5.750
575,306
800
Hillenbrand, Inc., Global Company Guaranteed Notes
(Callable 02/15/26 @ 103.13)
(BB+, Ba1)
02/15/29
6.250
816,103
151
Regal Rexnord Corp., Global Company Guaranteed Notes
(Callable 01/15/33 @ 100.00)
(BB+, Baa3)
04/15/33
6.400
159,521
4,463,602
Media - Diversified
(0.0%)
28
Tech 7 SAS Super Senior
(3),(4),(5),(6),(7)
(NR, NR)
03/31/26
0.000
3
46
Tech 7 SAS Super Senior
(3),(4),(5),(6),(7)
(NR, NR)
03/31/26
0.000
5
14
Tech 7 SAS Technicolor Creative Studios Super Senior
(3),(4),(5),(6),(7)
(NR, NR)
03/31/26
0.000
2
14
Technicolor Creative Studios SA
(3),(4),(5),(6),(7)
(NR, NR)
04/01/26
0.000
2
12
Media Content
(0.2%)
400
Sirius XM Radio LLC, Rule 144A, Company Guaranteed Notes
(Callable 09/01/26 @ 101.94)
(1),(2)
(BB+, Ba3)
09/01/31
3.875
355,716
Metals & Mining - Excluding Steel
(4.7%)
689
Capstone Copper Corp., Rule 144A, Company Guaranteed Notes
(Callable 03/31/28 @ 103.38)
(1)
(BB-, B1)
03/31/33
6.750
705,948
1,306
Constellium SE, Rule 144A, Company Guaranteed Notes
(Callable 08/15/27 @ 103.19)
(1),(2)
(BB-, Ba3)
08/15/32
6.375
1,328,249
1,800
ERO Copper Corp., Rule 144A, Company Guaranteed Notes
(Callable 07/30/25 @ 103.25)
(1)
(B+, B1)
02/15/30
6.500
1,792,701
1,600
First Quantum Minerals Ltd., Rule 144A, Secured Notes
(Callable 03/01/26 @ 104.69)
(1)
(B, NR)
03/01/29
9.375
1,702,405
800
Kaiser Aluminum Corp., Rule 144A, Company Guaranteed Notes
(Callable 06/01/26 @ 102.25)
(1),(2)
(BB-, B2)
06/01/31
4.500
748,650
510
Novelis Corp., Rule 144A, Company Guaranteed Notes
(Callable 07/30/25 @ 102.38)
(1)
(BB, B1)
01/30/30
4.750
489,042
740
Novelis, Corp., Rule 144A, Company Guaranteed Notes
(Callable 01/30/27 @ 103.44)
(1)
(BB, B1)
01/30/30
6.875
766,748
7,533,743
Oil Refining & Marketing
(2.0%)
1,166
Global Partners LP/GLP Finance Corp., Rule 144A, Company Guaranteed Notes
(Callable 01/15/27 @ 104.13)
(1)
(B+, B1)
01/15/32
8.250
1,226,907
600
Sunoco LP, Rule 144A, Company Guaranteed Notes (Callable 05/01/27 @ 103.63)
(1)
(BB+, Ba1)
05/01/32
7.250
630,495
750
Sunoco LP/Sunoco Finance Corp., Rule 144A, Company Guaranteed Notes
(Callable 09/15/25 @ 103.50)
(1)
(BB+, Ba1)
09/15/28
7.000
774,189
See Accompanying Notes to Financial Statements.
10
Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments (continued)
June 30, 2025 (unaudited)
Par
(000)
Ratings†
(S&P/Moody's)
Maturity
Rate%
Value
CORPORATE BONDS
(continued)
Oil Refining & Marketing
(continued)
$
540
TransMontaigne Partners LLC, Rule 144A, Company Guaranteed Notes
(Callable 03/15/27 @ 104.25)
(1)
(CCC+, Caa1)
06/15/30
8.500
$
562,202
3,193,793
Packaging
(5.3%)
460
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC, Rule 144A, Senior Unsecured Notes (Callable 07/30/25 @ 100.75)
(1),(5)
(CCC, Caa2)
09/01/29
3.000
485,476
400
Ball Corp., Global Company Guaranteed Notes (Callable 07/15/25 @ 103.44)
(BB+, Ba1)
03/15/28
6.875
409,575
524
Cascades, Inc./Cascades USA, Inc., Rule 144A, Senior Unsecured Notes
(Callable 07/15/27 @ 103.38)
(1)
(BB-, Ba3)
07/15/30
6.750
527,699
159
Crown Americas LLC, Rule 144A, Company Guaranteed Notes
(Callable 06/01/28 @ 102.94)
(1)
(BB+, Ba2)
06/01/33
5.875
160,150
400
Intelligent Packaging Ltd. Finco, Inc./Intelligent Packaging Ltd. Co-Issuer LLC, Rule 144A, Senior Secured Notes (Callable 07/01/25 @ 100.00)
(1)
(B-, B2)
09/15/28
6.000
400,000
1,010
Mauser Packaging Solutions Holding Co., Rule 144A, Secured Notes
(Callable 07/10/25 @ 102.31)
(1)
(CCC+, Caa2)
04/15/27
9.250
1,003,661
1,700
Mauser Packaging Solutions Holding Co., Rule 144A, Senior Secured Notes (Callable 07/30/25 @ 103.94)
(1)
(B, B2)
04/15/27
7.875
1,730,296
279
Owens-Brockway Glass Container, Inc., Rule 144A, Company Guaranteed Notes (Callable 05/15/26 @ 103.63)
(1)
(B+, B2)
05/15/31
7.250
286,255
544
Toucan FinCo Ltd./Toucan FinCo Can, Inc./Toucan FinCo U.S. LLC, Rule 144A, Senior Secured Notes
(Callable 05/15/27 @ 104.75)
(1)
(B-, B3)
05/15/30
9.500
556,920
1,718
Trident TPI Holdings, Inc., Rule 144A, Company Guaranteed Notes
(Callable 12/31/25 @ 106.38)
(1)
(CCC+, Caa3)
12/31/28
12.750
1,824,528
768
TriMas Corp., Rule 144A, Company Guaranteed Notes
(Callable 07/30/25 @ 101.03)
(1)
(BB-, Ba3)
04/15/29
4.125
729,729
318
Veritiv Operating Co., Rule 144A, Senior Secured Notes
(Callable 11/30/26 @ 105.25)
(1)
(B+, B2)
11/30/30
10.500
344,774
8,459,063
Personal & Household Products
(0.7%)
400
Acushnet Co., Rule 144A, Company Guaranteed Notes
(Callable 10/15/25 @ 103.69)
(1)
(BB, Ba3)
10/15/28
7.375
417,431
700
Amer Sports Co., Rule 144A, Senior Secured Notes (Callable 02/16/27 @ 103.38)
(1)
(BBB-, Ba3)
02/16/31
6.750
729,256
1,146,687
Pharmaceuticals
(0.3%)
400
IQVIA, Inc., Rule 144A, Company Guaranteed Notes (Callable 06/01/28 @ 103.13)
(1)
(BB, Ba2)
06/01/32
6.250
411,164
Property & Casualty Insurance
(1.2%)
1,850
Ardonagh Finco Ltd., Rule 144A, Senior Secured Notes
(Callable 02/15/27 @ 103.88)
(1)
(B-, B3)
02/15/31
7.750
1,935,500
Rail
(0.6%)
936
Genesee & Wyoming, Inc., Rule 144A, Senior Secured Notes
(Callable 04/15/27 @ 103.13)
(1)
(BB, Ba3)
04/15/32
6.250
956,217
See Accompanying Notes to Financial Statements.
11
Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments (continued)
June 30, 2025 (unaudited)
Par
(000)
Ratings†
(S&P/Moody's)
Maturity
Rate%
Value
CORPORATE BONDS
(continued)
Real Estate Investment Trusts
(0.7%)
$
1,093
Starwood Property Trust, Inc., Rule 144A, Senior Unsecured Notes
(Callable 10/15/29 @ 100.00)
(1)
(BB-, Ba3)
04/15/30
6.000
$
1,105,483
Recreation & Travel
(4.3%)
1,200
Boyne USA, Inc., Rule 144A, Senior Unsecured Notes
(Callable 07/30/25 @ 101.19)
(1)
(B, B1)
05/15/29
4.750
1,165,891
514
SeaWorld Parks & Entertainment, Inc., Rule 144A, Company Guaranteed Notes
(Callable 07/10/25 @ 102.63)
(1),(2)
(B+, B2)
08/15/29
5.250
502,619
2,082
Six Flags Entertainment Corp., Rule 144A, Company Guaranteed Notes
(Callable 05/15/26 @ 103.63)
(1),(2)
(BB-, B1)
05/15/31
7.250
2,143,051
1,815
Speedway Motorsports LLC/Speedway Funding II, Inc., Rule 144A, Senior Unsecured Notes
(Callable 07/30/25 @ 100.00)
(1)
(BB+, B1)
11/01/27
4.875
1,802,523
1,318
Vail Resorts, Inc., Rule 144A, Company Guaranteed Notes
(Callable 05/15/27 @ 103.25)
(1),(2)
(BB-, Ba3)
05/15/32
6.500
1,362,442
6,976,526
Restaurants
(1.4%)
400
1011778 BC ULC/New Red Finance, Inc., Rule 144A, Senior Secured Notes
(Callable 06/15/26 @ 103.06)
(1)
(BB+, Ba2)
06/15/29
6.125
410,603
1,673
Raising Cane's Restaurants LLC, Rule 144A, Senior Unsecured Notes
(Callable 11/01/25 @ 104.69)
(1)
(B, B3)
05/01/29
9.375
1,767,580
2,178,183
Software - Services
(7.7%)
1,400
CA Magnum Holdings, Rule 144A, Senior Secured Notes
(Callable 07/30/25 @ 101.34)
(1)
(NR, B1)
10/31/26
5.375
1,393,225
1,296
Cloud Software Group, Inc., Rule 144A, Secured Notes
(Callable 09/30/25 @ 104.50)
(1)
(B-, Caa2)
09/30/29
9.000
1,343,083
362
CommScope LLC, Rule 144A, Senior Secured Notes
(Callable 06/15/26 @ 103.00)
(1)
(B-, B3)
12/15/31
9.500
379,395
2,150
Insight Enterprises, Inc., Rule 144A, Company Guaranteed Notes
(Callable 05/15/27 @ 103.31)
(1)
(BB+, Ba3)
05/15/32
6.625
2,216,760
135
Open Text Corp., Rule 144A, Company Guaranteed Notes
(Callable 07/30/25 @ 101.94)
(1)
(BB, Ba3)
12/01/29
3.875
127,298
800
Open Text Corp., Rule 144A, Senior Secured Notes (Callable 11/01/27 @ 100.00)
(1)
(BBB-, Ba1)
12/01/27
6.900
828,836
825
Open Text Holdings, Inc., Rule 144A, Company Guaranteed Notes
(Callable 12/01/26 @ 102.06)
(1)
(BB, Ba3)
12/01/31
4.125
760,372
800
UKG, Inc., Rule 144A, Senior Secured Notes (Callable 02/01/27 @ 103.44)
(1)
(B-, B2)
02/01/31
6.875
830,558
2,070
Virtusa Corp., Rule 144A, Senior Unsecured Notes (Callable 07/30/25 @ 101.78)
(1)
(B-, Caa1)
12/15/28
7.125
1,990,466
546
VT Topco, Inc., Rule 144A, Senior Secured Notes (Callable 08/15/26 @ 104.25)
(1)
(B, B2)
08/15/30
8.500
576,088
1,516
WEX, Inc., Rule 144A, Company Guaranteed Notes (Callable 03/15/28 @ 103.25)
(1)
(B, B1)
03/15/33
6.500
1,530,023
400
ZoomInfo Technologies LLC/ZoomInfo Finance Corp., Rule 144A, Company Guaranteed Notes
(Callable 07/10/25 @ 100.97)
(1)
(B+, B1)
02/01/29
3.875
376,330
12,352,434
See Accompanying Notes to Financial Statements.
12
Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments (continued)
June 30, 2025 (unaudited)
Par
(000)
Ratings†
(S&P/Moody's)
Maturity
Rate%
Value
CORPORATE BONDS
(continued)
Specialty Retail
(3.0%)
$
331
Beach Acquisition Bidco LLC, Rule 144A, Senior Unsecured Notes, 10.000% Cash, 10.750% PIK (Callable 07/15/28 @ 103.00)
(1),(8)
(B+, Caa1)
07/15/33
10.000
$
343,813
1,919
Eagle Intermediate Global Holding BV/Eagle U.S. Finance LLC, Rule 144A, Senior Secured Notes, 7.500% Cash, 7.500% PIK
(1),(8),(9)
(NR, WR)
07/18/25
7.500
1,458,725
53
Eagle Intermediate Global Holding BV/Eagle U.S. Finance LLC, Rule 144A, Senior Secured Notes, 7.500% Cash, 7.500% PIK
(1),(6),(7),(8)
(NR, WR)
07/18/25
7.500
39,983
68
Eagle Intermediate Global Holding BV/Ruyi U.S. Finance LLC
(4),(6),(7)
(NR, NR)
06/30/25
0.000
52,250
600
Group 1 Automotive, Inc., Rule 144A, Company Guaranteed Notes
(Callable 07/30/25 @ 101.33)
(1)
(BB+, Ba2)
08/15/28
4.000
579,538
1,550
LCM Investments Holdings II LLC, Rule 144A, Senior Unsecured Notes
(Callable 08/01/26 @ 104.13)
(1)
(BB-, B2)
08/01/31
8.250
1,649,311
763
Sonic Automotive, Inc., Rule 144A, Company Guaranteed Notes
(Callable 11/15/26 @ 102.44)
(1)
(BB-, B1)
11/15/31
4.875
725,597
4,849,217
Steel Producers/Products
(0.5%)
794
TMS International Corp., Rule 144A, Senior Unsecured Notes
(Callable 07/10/25 @ 101.56)
(1)
(B, Caa1)
04/15/29
6.250
754,599
Support - Services
(5.9%)
715
American Builders & Contractors Supply Co., Inc., Rule 144A, Senior Secured Notes
(Callable 07/30/25 @ 100.00)
(1)
(BBB-, Ba2)
01/15/28
4.000
700,057
1,000
Belron U.K. Finance PLC, Rule 144A, Senior Secured Notes
(Callable 10/15/26 @ 102.88)
(1)
(BB-, Ba3)
10/15/29
5.750
1,008,537
1,000
CoreLogic, Inc., Rule 144A, Senior Secured Notes (Callable 07/30/25 @ 101.13)
(1)
(B-, B2)
05/01/28
4.500
956,016
1,674
GYP Holdings III Corp., Rule 144A, Company Guaranteed Notes
(Callable 07/30/25 @ 101.16)
(1)
(B, Ba2)
05/01/29
4.625
1,680,028
210
Herc Holdings, Inc., Rule 144A, Company Guaranteed Notes
(Callable 06/15/28 @ 103.63)
(1)
(BB-, Ba3)
06/15/33
7.250
220,159
345
Herc Holdings, Inc., Rule 144A, Senior Unsecured Notes
(Callable 06/15/27 @ 103.50)
(1)
(BB-, Ba3)
06/15/30
7.000
360,377
712
Voyager Parent LLC, Rule 144A, Senior Secured Notes
(Callable 07/01/28 @ 104.63)
(1)
(B, B1)
07/01/32
9.250
740,802
500
WESCO Distribution, Inc., Rule 144A, Company Guaranteed Notes
(Callable 07/30/25 @ 101.21)
(1)
(BB, Ba3)
06/15/28
7.250
506,644
400
WESCO Distribution, Inc., Rule 144A, Company Guaranteed Notes
(Callable 03/15/26 @ 103.19)
(1)
(BB, Ba3)
03/15/29
6.375
412,068
330
WESCO Distribution, Inc., Rule 144A, Company Guaranteed Notes
(Callable 03/15/28 @ 103.19)
(1)
(BB, Ba3)
03/15/33
6.375
341,432
406
Williams Scotsman, Inc., Rule 144A, Senior Secured Notes
(Callable 04/15/27 @ 103.31)
(1)
(BB-, B2)
04/15/30
6.625
422,058
1,372
Williams Scotsman, Inc., Rule 144A, Senior Secured Notes
(Callable 06/15/26 @ 103.31)
(1)
(BB-, B2)
06/15/29
6.625
1,409,281
900
ZipRecruiter, Inc., Rule 144A, Senior Unsecured Notes
(Callable 07/10/25 @ 102.50)
(1)
(B, B2)
01/15/30
5.000
765,368
9,522,827
See Accompanying Notes to Financial Statements.
13
Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments (continued)
June 30, 2025 (unaudited)
Par
(000)
Ratings†
(S&P/Moody's)
Maturity
Rate%
Value
CORPORATE BONDS
(continued)
Tech Hardware & Equipment
(0.7%)
$
1,150
Zebra Technologies Corp., Rule 144A, Company Guaranteed Notes
(Callable 06/01/27 @ 103.25)
(1)
(BB, Ba2)
06/01/32
6.500
$
1,183,303
Telecom - Wireline Integrated & Services
(2.6%)
1,000
Altice Financing SA, Rule 144A, Senior Secured Notes
(Callable 07/30/25 @ 100.00)
(1)
(CCC+, Caa2)
01/15/28
5.000
753,977
1,000
Level 3 Financing, Inc., Rule 144A, Secured Notes (Callable 03/22/26 @ 102.13)
(1)
(B-, B3)
04/01/30
4.500
910,000
1,105
Level 3 Financing, Inc., Rule 144A, Secured Notes (Callable 07/10/25 @ 101.81)
(1)
(B-, B3)
10/15/30
3.875
964,113
105
Level 3 Financing, Inc., Rule 144A, Secured Notes (Callable 07/10/25 @ 101.88)
(1)
(B-, B3)
04/15/31
4.000
90,300
200
Virgin Media Secured Finance PLC, Rule 144A, Senior Secured Notes
(Callable 08/15/25 @ 102.25)
(1)
(B+, Ba3)
08/15/30
4.500
186,542
826
Vmed O2 U.K. Financing I PLC, Rule 144A, Senior Secured Notes
(Callable 01/31/26 @ 102.13)
(1)
(B+, Ba3)
01/31/31
4.250
757,264
550
Vmed O2 U.K. Financing I PLC, Rule 144A, Senior Secured Notes
(Callable 07/15/26 @ 102.38)
(1)
(B+, Ba3)
07/15/31
4.750
509,166
4,171,362
Theaters & Entertainment
(0.4%)
600
Live Nation Entertainment, Inc., Rule 144A, Senior Secured Notes
(Callable 07/30/25 @ 101.63)
(1)
(BB, Ba1)
05/15/27
6.500
609,223
Transport Infrastructure/Services
(0.8%)
200
XPO, Inc., Rule 144A, Company Guaranteed Notes (Callable 06/01/26 @ 103.56)
(1)
(BB-, Ba3)
06/01/31
7.125
209,818
400
XPO, Inc., Rule 144A, Company Guaranteed Notes (Callable 02/01/27 @ 103.56)
(1)
(BB-, Ba3)
02/01/32
7.125
419,200
694
XPO, Inc., Rule 144A, Senior Secured Notes (Callable 07/10/25 @ 103.13)
(1)
(BBB-, Ba1)
06/01/28
6.250
705,525
1,334,543
TOTAL CORPORATE BONDS
(Cost $170,842,648)
173,018,975
BANK LOANS
(21.6%)
Advertising
(1.1%)
1,987
MH Sub I LLC, 1 mo. USD Term SOFR + 4.250%
(10)
(B, B1)
12/31/31
8.577
1,732,101
Aerospace & Defense
(0.2%)
581
Peraton Corp., 3 mo. USD Term SOFR + 7.750%
(10)
(NR, NR)
02/01/29
12.180
414,006
Auto Parts & Equipment
(0.9%)
166
First Brands Group LLC, 3 mo. USD Term SOFR + 5.262%
(7),(10)
(NR, NR)
03/30/27
9.580
156,235
186
First Brands Group LLC (2021 Term Loan), 3 mo. USD Term SOFR + 5.000%
(10)
(B+, B1)
03/30/27
9.541
176,346
862
First Brands Group LLC (2022 Incremental Term Loan),
3 mo. USD Term SOFR + 5.000%
(10)
(B+, B1)
03/30/27
9.541
815,835
327
Jason Group, Inc., 1 mo. USD Term SOFR + 6.000%
(7),(9),(10)
(NR, NR)
11/28/26
10.441
290,603
1,439,019
See Accompanying Notes to Financial Statements.
14
Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments (continued)
June 30, 2025 (unaudited)
Par
(000)
Ratings†
(S&P/Moody's)
Maturity
Rate%
Value
BANK LOANS
(continued)
Automakers
(0.1%)
$
231
Fastlane Parent Co., Inc.
(10),(11)
(CCC, WR)
02/04/27
0.000
$
207,285
Building Materials
(0.6%)
416
ARAMSCO, Inc., 3 mo. USD Term SOFR + 4.750%
(7),(10)
(B-, Caa1)
10/10/30
9.046
337,103
521
Cornerstone Building Brands, Inc., 1 mo. USD Term SOFR + 5.625%
(10)
(B-, B3)
08/01/28
9.937
470,744
177
Foundation Building Materials Holding Co. LLC, 3 mo. USD Term SOFR + 3.250%
(10)
(B, B3)
01/31/28
7.791
175,764
983,611
Chemicals
(1.2%)
331
Ascend Performance Materials Operations LLC, 1 mo. USD Term SOFR + 1.614%, 1 mo. USD Term SOFR + 10.000%
(9),(10)
(NR, NR)
10/23/25
5.910 - 14.441
308,272
697
Ascend Performance Materials Operations LLC
(3),(4)
(NR, WR)
08/27/26
0.000
40,595
703
CPC Acquisition Corp., 3 mo. USD Term SOFR + 3.750%
(10)
(CCC, Caa2)
12/29/27
8.307
616,832
301
PMHC II, Inc., 1 mo. USD Term SOFR + 5.500%
(7),(10)
(B-, B3)
04/21/29
9.812
278,335
714
Polar U.S. Borrower LLC, 3 mo. USD Term SOFR + 5.500%
(10)
(CCC+, Caa1)
10/16/28
9.883
277,103
1,175
Polar U.S. Borrower LLC, 3 mo. USD Term SOFR + 4.750%, 0.075% PIK
(8),(9),(10)
(CCC+, Caa1)
10/16/28
9.883
456,229
72
SK Neptune Husky Finance SARL
(3),(4),(9)
(NR, WR)
04/30/26
0.000
16,649
745
SK Neptune Husky Group SARL
(3),(4),(9)
(NR, WR)
01/03/29
0.000
27,473
2,021,488
Electronics
(1.3%)
872
Escape Velocity Holdings, Inc., 3 mo. USD Term SOFR + 4.250%
(10)
(B, B3)
10/08/28
8.807
872,002
1,194
Idemia Group, 3 mo. USD Term SOFR + 4.250%
(7),(10)
(B, B2)
09/30/28
8.546
1,198,689
2,070,691
Food - Wholesale
(0.1%)
300
WOOF Holdings, Inc., 3 mo. USD Term SOFR + 3.750%
(10)
(NR, NR)
12/31/29
8.083
168,750
Gas Distribution
(0.6%)
946
Traverse Midstream Partners LLC, 3 mo. USD Term SOFR + 3.000%
(10)
(B+, B2)
02/16/28
7.280
950,407
Health Facilities
(0.4%)
290
Carestream Health, Inc., 3 mo. USD Term SOFR + 7.500%
(9),(10)
(CCC+, Caa1)
09/30/27
11.896
130,102
210
Sonrava Health Holdings LLC, 3 mo. USD Term SOFR + 6.500%
(9),(10)
(B-, B3)
05/18/28
11.061
206,562
854
Sonrava Health Holdings LLC, 3 mo. USD Term SOFR + 1.000%, 5.500% PIK
(8),(9),(10)
(NR, Caa3)
08/18/28
11.080
317,474
654,138
Health Services
(0.8%)
57
MedAssets Software Intermediate Holdings, Inc., 1 mo. USD Term SOFR + 4.000%
(10)
(B, Caa1)
12/15/28
8.321
55,607
397
MedAssets Software Intermediate Holdings, Inc., 1 mo. USD Term SOFR + 4.000%
(10)
(CCC, Ca)
12/15/28
8.436
359,340
See Accompanying Notes to Financial Statements.
15
Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments (continued)
June 30, 2025 (unaudited)
Par
(000)
Ratings†
(S&P/Moody's)
Maturity
Rate%
Value
BANK LOANS
(continued)
Health Services
(continued)
$
25
MedAssets Software Intermediate Holdings, Inc., 1 mo. USD Term SOFR + 5.250%
(7),(10)
(B, Caa1)
12/15/28
9.571
$
24,990
788
U.S. Radiology Specialists, Inc., 3 mo. USD Term SOFR + 4.750%
(10)
(B-, B3)
12/15/27
9.046
790,563
1,230,500
Hotels
(0.2%)
127
Aimbridge Acquisition Co., Inc., 1 mo. USD Term SOFR + 7.500%
(10)
(B-, Caa1)
03/11/30
11.929
125,656
144
Aimbridge Acquisition Co., Inc., 1 mo. USD Term SOFR + 5.500%
(10)
(B+, B2)
03/11/30
9.929
143,865
269,521
Insurance Brokerage
(0.7%)
1,075
Alera Group, Inc., 1 mo. USD Term SOFR + 5.500%
(10)
(CCC+, Caa2)
05/30/33
9.827
1,097,677
Machinery
(0.2%)
412
Madison IAQ LLC, 3 mo. USD Term SOFR + 3.250%
(10)
(B, B1)
05/06/32
7.557
413,350
Media - Diversified
(0.9%)
794
Cast & Crew Payroll LLC, 1 mo. USD Term SOFR + 3.750%
(10)
(B-, B3)
12/29/28
8.077
752,367
216
Technicolor Creative Studios, 0.500% PIK
(3),(5),(6),(7),(8)
(NR, NR)
08/06/33
0.500
0
669
Twitter, Inc.
(NR, NR)
10/26/29
9.500
651,875
1,404,242
Packaging
(1.0%)
1,539
Proampac PG Borrower LLC, 3 mo. USD Term SOFR + 4.000%
(10)
(B-, B3)
09/15/28
8.256 - 8.324
1,546,399
Personal & Household Products
(0.8%)
1,271
Serta Simmons Bedding LLC, 3 mo. USD Term SOFR + 7.500%
(10)
(NR, NR)
06/29/28
11.910
1,166,353
139
Serta Simmons Bedding LLC, 3 mo. USD Term SOFR + 7.500%
(7),(10)
(NR, NR)
06/29/28
11.884
138,315
1,304,668
Software - Services
(6.9%)
553
AQ Carver Buyer, Inc., 6 mo. USD Term SOFR + 5.500%
(10)
(B, B3)
08/02/29
9.817
548,245
1,960
Aston FinCo SARL, 1 mo. USD Term SOFR + 4.250%
(10)
(CCC+, B3)
10/09/26
8.691
1,891,010
282
Astra Acquisition Corp.
(3),(4),(9)
(CCC+, Caa2)
02/25/28
0.000
80,155
834
Astra Acquisition Corp.
(3),(4),(9)
(CC, C)
10/25/28
0.000
18,768
569
Cloud Software Group, Inc., 3 mo. USD Term SOFR + 3.500%
(10)
(B, B2)
03/29/29
7.796
570,162
600
CommerceHub, Inc., 3 mo. USD Term SOFR + 7.000%
(9),(10)
(CCC, Caa3)
12/29/28
11.411
583,500
127
CommScope, Inc.
(10),(11)
(B-, B3)
12/17/29
0.000
128,262
199
DCert Buyer, Inc., 1 mo. USD Term SOFR + 4.000%
(10)
(B-, B2)
10/16/26
8.327
197,280
1,188
EagleView Technology Corp., 3 mo. USD Term SOFR + 5.500%
(10)
(B-, B3)
08/14/28
8.802
1,159,063
908
IQN Holding Corp., 3 mo. USD Term SOFR + 3.000%
(10)
(B-, B2)
07/16/31
7.296
910,959
332
Javelin Buyer, Inc., 3 mo. USD Term SOFR + 5.250%
(7),(9),(10)
(CCC+, Caa2)
12/06/32
9.583
328,010
1,858
OID-OL Intermediate I LLC, 3 mo. USD Term SOFR + 4.250%
(10)
(NR, Caa1)
02/01/29
8.733
1,559,148
471
OID-OL Intermediate I LLC, 3 mo. USD Term SOFR + 6.000%
(10)
(NR, B1)
02/01/29
10.318
486,126
374
Polaris Newco LLC, 1 mo. GBP SONIA + 5.000%
(10),(12)
(CCC+, B3)
06/02/28
9.217
483,530
1,582
RealPage, Inc., 3 mo. USD Term SOFR + 3.000%
(10)
(B-, B3)
04/24/28
7.557
1,572,512
See Accompanying Notes to Financial Statements.
16
Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments (continued)
June 30, 2025 (unaudited)
Par
(000)
Ratings†
(S&P/Moody's)
Maturity
Rate%
Value
BANK LOANS
(continued)
Software - Services
(continued)
$
514
Redstone Holdco 2 LP, 3 mo. USD Term SOFR + 4.750%
(10)
(CCC+, B3)
04/27/28
9.291
$
280,988
396
UKG, Inc., 1 mo. USD Term SOFR + 3.000%
(10)
(B-, B2)
02/10/31
7.311
397,942
11,195,660
Steel Producers/Products
(0.6%)
1,006
OPTA, Inc., 3 mo. USD Term SOFR + 6.750%
(7),(9),(10)
(NR, NR)
11/09/28
11.291
990,956
Support - Services
(2.1%)
219
CoreLogic, Inc.
(10),(11)
(CCC, Caa2)
06/04/29
0.000
213,904
1,291
CoreLogic, Inc., 1 mo. USD Term SOFR + 3.500%
(10)
(B-, B2)
06/02/28
7.941
1,279,230
346
LaserShip, Inc., 3 mo. USD Term SOFR + 4.000%
(10)
(CCC-, Caa2)
01/02/29
8.296
208,967
313
LaserShip, Inc., 3 mo. USD Term SOFR + 6.250%
(10)
(B, B2)
01/02/29
10.546
310,711
785
LaserShip, Inc., 3 mo. USD Term SOFR + 1.500%
(10)
(CCC, Caa2)
08/10/29
5.796
460,748
261
LaserShip, Inc., 3 mo. USD Term SOFR + 1.500%
(10)
(CCC-, Caa3)
08/10/29
6.057
80,420
539
PODS LLC, 3 mo. USD Term SOFR + 3.000%
(10)
(B-, B3)
03/31/28
7.541
519,059
400
TruGreen LP, 3 mo. USD Term SOFR + 8.500%
(9),(10)
(CCC, Caa3)
11/02/28
13.041
320,626
3,393,665
Tech Hardware & Equipment
(0.4%)
893
Atlas CC Acquisition Corp., 3 mo. USD Term SOFR + 4.250%
(10)
(B-, Caa2)
05/25/28
8.844
478,490
182
Atlas CC Acquisition Corp., 3 mo. USD Term SOFR + 4.250%
(10)
(B-, B1)
05/25/28
8.844
97,241
575,731
Telecom - Wireline Integrated & Services
(0.5%)
973
Patagonia Holdco LLC, 3 mo. USD Term SOFR + 5.750%
(10)
(NR, B1)
08/01/29
10.048
796,243
TOTAL BANK LOANS
(Cost $39,043,213)
34,860,108
ASSET BACKED SECURITIES
(6.3%)
Collateralized Debt Obligations
(6.3%)
1,000
Anchorage Capital CLO 25 Ltd., 2022-25A, Rule 144A, 3 mo. USD Term SOFR + 7.170%
(1),(10)
(NR, Ba3)
04/20/35
11.439
1,004,598
780
Anchorage Capital Europe CLO 6 DAC, Rule 144A, 3 mo. EURIBOR + 5.000%
(1),(5),(10)
(BBB-, NR)
01/22/38
7.236
922,873
500
Anchorage Credit Funding 4 Ltd., 2016-4A, Rule 144A
(1)
(NR, Ba1)
04/27/39
6.659
461,068
750
Battalion CLO 18 Ltd., 2020-18A, Rule 144A, 3 mo. USD Term SOFR + 6.972%
(1),(10)
(B, NR)
10/15/36
11.228
670,287
1,000
Battalion CLO XV Ltd., 2020-15A, Rule 144A, 3 mo. USD Term SOFR + 6.612%
(1),(10)
(BB-, NR)
01/17/33
10.891
948,265
1,000
Cedar Funding VI CLO Ltd., 2016-6A, Rule 144A, 3 mo. USD Term SOFR + 6.982%
(1),(10)
(BB-, NR)
04/20/34
11.251
993,671
1,000
KKR CLO 14 Ltd., Rule 144A, 3 mo. USD Term SOFR + 6.412%
(1),(10)
(NR, B1)
07/15/31
10.668
978,647
1,000
KKR CLO 16 Ltd., Rule 144A, 3 mo. USD Term SOFR + 7.372%
(1),(10)
(B, NR)
10/20/34
11.641
956,013
800
KKR CLO 45a Ltd., 2024-45A, Rule 144A, 3 mo. USD Term SOFR + 7.300%
(1),(10)
(NR, NR)
04/15/35
11.556
803,439
1,000
Marble Point CLO XXIII Ltd., 2021-4A, Rule 144A, 3 mo. USD Term SOFR + 6.012%
(1),(10)
(NR, Ba1)
01/22/35
10.284
1,001,655
See Accompanying Notes to Financial Statements.
17
Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments (continued)
June 30, 2025 (unaudited)
Par
(000)
Ratings†
(S&P/Moody's)
Maturity
Rate%
Value
ASSET BACKED SECURITIES
(continued)
Collateralized Debt Obligations
(continued)
$
400
MP CLO III Ltd., 2013-1A, Rule 144A, 3 mo. USD Term SOFR + 3.312%
(1),(10)
(NR, A2)
10/20/30
7.581
$
401,598
1,000
Palmer Square Credit Funding Ltd., 2019-1A, Rule 144A
(1)
(NR, Aaa)
04/20/37
5.459
1,003,893
TOTAL ASSET BACKED SECURITIES
(Cost $10,165,386)
10,146,007
Shares
COMMON STOCKS
(0.7%)
Auto Parts & Equipment
(0.1%)
38
Jason, Inc.
(4)
206,690
Chemicals
(0.2%)
46,574
Proppants Holdings LLC
(4),(6),(7),(9)
932
10,028
Utex Industries
289,137
290,069
Hotels
(0.3%)
7,297
Aimbridge Acquisition Co., Inc.
(4)
467,008
Personal & Household Products
(0.1%)
22,719
Dream Well, Inc.
(4)
184,024
22,719
Serta Simmons Bedding Equipment Co.
(4),(6),(7)
0
184,024
Pharmaceuticals
(0.0%)
45,583
Akorn, Inc.
(4)
1,367
Private Placement
(0.0%)
69,511,940
Technicolor Creative Studios SA
(4),(6),(7),(13)
0
Specialty Retail
(0.0%)
69
Eagle Investments Holding Co. LLC, Class B
(4),(6),(7)
1
Support - Services
(0.0%)
800
LTR Holdings, Inc.
(4),(6),(7),(9)
1,185
TOTAL COMMON STOCKS
(Cost $3,465,241)
1,150,344
WARRANT
(0.0%)
Chemicals
(0.0%)
11,643
Project Investor Holdings LLC, expires 02/08/2026
(4),(6),(7),(9)
(Cost $6,054)
0
See Accompanying Notes to Financial Statements.
18
Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments (continued)
June 30, 2025 (unaudited)
Shares
Value
SHORT-TERM
INVESTMENTS
(12.7%)
4,884,915
State Street Institutional U.S. Government Money Market Fund - Premier Class, 4.27%
$
4,884,915
15,594,035
State Street Navigator Securities Lending Government Money Market Portfolio, 4.35%
(14)
15,594,035
TOTAL
SHORT-TERM
INVESTMENTS
(Cost $20,478,950)
20,478,950
TOTAL INVESTMENTS AT VALUE
(148.8%) (Cost $244,001,492)
239,654,384
LIABILITIES IN EXCESS OF OTHER ASSETS
(-48.8%)
(78,632,855
)
NET ASSETS
(100.0%)
$
161,021,529
INVESTMENT ABBREVIATIONS
1 mo. = 1 month
3 mo. = 3 month
6 mo. = 6 month
EURIBOR = Euro Interbank Offered Rate
NR = Not Rated
WR = Withdrawn Rating
SARL = société à responsabilité limitée
SOFR = Secured Overnight Financing Rate
SONIA = Sterling Overnight Interbank Average Rate
†
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 June 30, 2025, these securities amounted to a value of $180,228,777 or 111.9% of net assets.
(2)
Security or portion thereof is out on loan (See Note
2-K).
(3)
Bond is currently in default.
(4)
Non-income producing security.
(5)
This security is denominated in Euro.
(6)
Not readily marketable security; security is valued at fair value as determined in good faith by UBS Asset Management (Americas) LLC as the Fund's valuation designee under the oversight of the Board of Directors (See Note
2-A).
(7)
Security is valued using significant unobservable inputs.
(8)
PIK:
Payment-in-kind
security for which part of the income earned may be paid as additional principal.
(9)
Illiquid security.
(10)
Variable rate obligation - The interest rate shown is the rate in effect as of June 30, 2025. The rate may be subject to a cap and floor.
(11)
Position is unsettled. Contract rate was not determined at June 30, 2025 and does not take effect until settlement.
(12)
This security is denominated in British Pound.
(13)
Security is held through holdings of 100 shares of the CIG Special Purpose SPC - Credit Suisse Asset Management Income Fund Segregated Portfolio, an affiliated entity.
(14)
Represents security purchased with cash collateral received for securities on loan.
See Accompanying Notes to Financial Statements.
19
Credit Suisse Asset Management Income Fund, Inc.
Schedule of Investments (continued)
June 30, 2025 (unaudited)
Forward Foreign Currency Contracts
Forward
Currency to be
Purchased
Forward Currency to be
Sold
Settlement
Date
Counterparty
Value on
Settlement Date
Current
Value/Notional
Unrealized
Appreciation
EUR
39,093 USD 44,794 10/07/25 Barclays Bank PLC $ 44,794 $ 46,182 $ 1,388
EUR
201,701 USD 218,894 10/07/25 Deutsche Bank AG 218,894 238,277 19,383
EUR
43,210 USD 47,726 10/07/25 JPMorgan Chase 47,726 51,046 3,320
GBP
42,713 USD 55,873 10/07/25 Barclays Bank PLC 55,873 58,567 2,694
GBP
500,000 USD 664,030 10/07/25 JPMorgan Chase 664,030 685,593 21,563
Total Unrealized Appreciation
$ 48,348
Forward Foreign Currency Contracts
Forward
Currency to be
Purchased
Forward Currency to be
Sold
Settlement
Date
Counterparty
Value on
Settlement Date
Current
Value/Notional
Unrealized
Depreciation
USD
43,511 EUR 41,017 10/07/25 Barclays Bank PLC $ (43,511 ) $ (48,456 ) $ (4,945 )
USD
140,792 EUR 128,645 10/07/25 Deutsche Bank AG (140,792 ) (151,974 ) (11,182 )
USD
49,169 EUR 42,780 10/07/25 JPMorgan Chase (49,169 ) (50,538 ) (1,369 )
USD
2,126,686 EUR 1,900,141 10/07/25 Morgan Stanley (2,126,686 ) (2,244,713 ) (118,027 )
USD
23,314 GBP 18,677 10/07/25 Deutsche Bank AG (23,314 ) (25,610 ) (2,296 )
USD
10,766 GBP 8,039 10/07/25 JPMorgan Chase (10,766 ) (11,024 ) (258 )
USD
1,165,011 GBP 891,397 10/07/25 Morgan Stanley (1,165,011 ) (1,222,270 ) (57,259 )
Total Unrealized Depreciation
$ (195,336 )
Total Net Unrealized Appreciation/(Depreciation)
$ (146,988 )
Currency Abbreviations:
GBP = British Pound
USD = United States Dollar
EUR = Euro
See Accompanying Notes to Financial Statements.
20
Credit Suisse Asset Management Income Fund, Inc.
Statement of Assets and Liabilities
June 30, 2025 (unaudited)
Assets
Investments at value, including collateral for securities on loan of $15,594,035
(Cost $244,001,492) (Note 2)
$
  239,654,384
1
Foreign currency at value (Cost $59,994)
62,263
Interest receivable
3,883,142
Receivable for investments sold
627,733
Unrealized appreciation on forward foreign currency contracts (Note 2)
48,348
Deferred offering costs (Note 7)
6,424
Prepaid expenses and other assets
20,525
Total assets
244,302,819
Liabilities
Investment advisory fee payable (Note 3)
193,412
Administrative services fee payable
17,933
Loan payable (Note 4)
63,000,000
Payable upon return of securities loaned (Note 2)
15,594,035
Due to custodian
2,095,299
Payable for investments purchased
1,569,164
Interest payable (Note 4)
586,717
Unrealized depreciation on forward foreign currency contracts (Note 2)
195,336
Directors' fee payable
21,795
Accrued expenses
7,599
Total liabilities
83,281,290
Net Assets
Applicable to 54,823,326 shares outstanding
$
161,021,529
Net Assets
Capital stock, $.001 par value (Note 6)
54,823
Paid-in
capital (Note 6)
197,209,452
Total distributable earnings (loss)
(36,242,746
)
Net assets
$
161,021,529
Net Asset Value Per Share
$2.94
Market Price Per Share
$2.96
1
Includes $15,256,166 of securities on loan.
See Accompanying Notes to Financial Statements.
21
Credit Suisse Asset Management Income Fund, Inc.
Statement of Operations
For the Six Months Ended June 30, 2025 (unaudited)
Investment Income
Interest
$
  8,756,456
Dividends
11,783
Securities lending (net of rebates)
39,216
Total investment income
8,807,455
Expenses
Investment advisory fees (Note 3)
391,404
Administrative services fees
37,016
Interest expense (Note 4)
1,589,253
Directors' fees
105,093
Legal fees
102,062
Commitment fees (Note 4)
44,622
Custodian fees
35,616
Printing fees
32,890
Audit and tax fees
28,414
Transfer agent fees
27,168
Stock exchange listing fees
8,368
Insurance expense
2,111
Miscellaneous expense
6,557
Total expenses
2,410,574
Net investment income
6,396,881
Net Realized and Unrealized Gain (Loss) from Investments, Foreign Currency and Forward Foreign Currency Contracts
Net realized loss from investments
(682,810
)
Net realized gain from foreign currency transactions
9,754
Net change in unrealized appreciation (depreciation) from investments
899,540
Net change in unrealized appreciation (depreciation) from foreign currency translations
4,020
Net change in unrealized appreciation (depreciation) from forward foreign currency contracts
(328,730
)
Net realized and unrealized loss from investments, foreign currency and forward foreign currency contracts
(98,226
)
Net increase in net assets resulting from operations
$
6,298,655
See Accompanying Notes to Financial Statements.
22
Credit Suisse Asset Management Income Fund, Inc.
Statements of Changes in Net Assets
 For the Six Months 

Ended
June 30, 2025
(unaudited)
For the Year
Ended
 December 31, 2024 
From Operations
Net investment income
$
6,396,881
$
13,245,221
Net realized loss from investments, foreign currency transactions and forward foreign currency contracts
(673,056
)
(3,128,338
)
Net change in unrealized appreciation (depreciation) from investments, foreign currency translations and forward foreign currency contracts
574,830
4,865,930
Net increase in net assets resulting from operations
6,298,655
14,982,813
From Distributions
From distributable earnings
(7,399,888
)
(13,249,216
)
Return of capital
-
(1,267,716
)
Net decrease in net assets resulting from distributions
(7,399,888
)
(14,516,932
)
From Capital Share Transactions (Note 6)
Net proceeds from
at-the-market
offering (Note 7)
-
5,933,483
Reinvestment of distributions
50,354
165,706
Deferred offering cost write off (Note 7)
(647,278
)
-
Net increase (decrease) in net assets from capital share transactions
(596,924
)
6,099,189
Net increase (decrease) in net assets
(1,698,157
)
6,565,070
Net Assets
Beginning of period
162,719,686
156,154,616
End of period
$
  161,021,529
$
  162,719,686
See Accompanying Notes to Financial Statements.
23
Credit Suisse Asset Management Income Fund, Inc.
Statement of Cash Flows
For the Six Months Ended June 30, 2025 (unaudited)
Reconciliation of Net Increase in Net Assets from Operations to Net Cash
Used in Operating Activities
Net increase in net assets resulting from operations
$
6,298,655
Adjustments to Reconcile Net Increase in Net Assets from Operations to Net Cash Used in Operating Activities
Decrease in interest receivable
$
101,812
Decrease in accrued expenses
(134,529
)
Decrease in interest payable
(378,891
)
Decrease in commitment fees payable
(45,361
)
Decrease in prepaid expenses and other assets
40,445
Decrease in deferred offering cost
635,689
Decrease in advisory fees payable
(12,230
)
Net amortization of a premium or accretion of a discount on investments
(690,052
)
Purchases of long-term securities, net of change in payable for investments purchased
(54,854,523
)
Sales of long-term securities, net of change in receivable for investments sold
51,044,570
Net proceeds from sales (purchases) of short-term securities
(2,186,430
)
Net change in unrealized (appreciation) depreciation from investments and forward foreign currency contracts
(570,810
)
Net realized loss from investments
682,810
Total adjustments
  (6,367,500)
Net cash used in operating activities
1
$
(68,845
)
Cash Flows From Financing Activities
Borrowings on revolving credit facility
6,000,000
Deferred offering costs write off
(647,278
)
Cash distributions paid
(7,349,534
)
Net cash used in financing activities
(1,996,812
)
Net decrease in cash
(2,065,657
)
Cash - beginning of period
32,621
Cash - end of period
$
(2,033,036
)
Non-Cash
Activity:
Issuance of shares through dividend reinvestments
$
50,354
1
Included in net cash provided by operating activities is cash of $1,968,144 paid for interest on borrowings.
See Accompanying Notes to Financial Statements.
24
Credit Suisse Asset Management Income Fund, Inc.
Financial Highlights
For the Six Months
Ended
June 30, 2025

(unaudited)
For the Year Ended December 31,
2024
2023
2022
2021
2020
Per share operating performance
Net asset value, beginning of period
$
2.97
$
2.96
$
2.73
$
3.43
$
3.42
$
3.48
INVESTMENT OPERATIONS
Net investment income
1
0.12
0.25
0.25
0.23
0.23
0.27
Net gain (loss) from investments, foreign currency transactions and forward foreign currency contracts (both realized and unrealized)
(0.01
)
0.03
0.25
(0.66
)
0.05
(0.06
)
Total from investment activities
0.11
0.28
0.50
(0.43
)
0.28
0.21
LESS DIVIDENDS AND DISTRIBUTIONS
Dividends from net investment income
(0.14
)
(0.25
)
(0.25
)
(0.23
)
(0.24
)
(0.27
)
Return of capital
-
(0.02
)
(0.02
)
(0.04
)
(0.03
)
-
Total dividends and distributions
(0.14
)
(0.27
)
(0.27
)
(0.27
)
(0.27
)
(0.27
)
Net asset value, end of period
$
2.94
$
2.97
$
2.96
$
2.73
$
3.43
$
3.42
Per share market value, end of period
$
2.96
$
2.89
$
3.13
$
2.52
$
3.43
$
3.15
TOTAL INVESTMENT RETURN
2
Net asset value
3.70
%
9.86
%
19.65
%
(12.46
)%
8.51
%
8.08
%
Market value
7.67
%
0.74
%
37.07
%
(19.19
)%
17.82
%
7.58
%
RATIOS AND SUPPLEMENTAL DATA
Net assets, end of period (000s omitted)
$
161,022
$
162,720
$
156,155
$
143,914
$
179,614
$
178,641
Ratio of net expenses to average net assets
3.02
%
3
2.96
%
3.10
%
1.91
%
1.07
%
1.25
%
Ratio of net expenses to average net assets excluding interest expense
1.03
%
3
0.97
%
0.88
%
0.89
%
0.80
%
0.75
%
Ratio of net investment income to average net assets
8.03
%
3
8.28
%
8.79
%
7.79
%
6.70
%
8.55
%
Asset Coverage per $1,000 of Indebtedness
$
3,556
$
3,855
$
3,974
$
3,379
$
4,070
$
4,162
Outstanding senior securities (000s omitted)
$
63,000
$
57,000
$
52,500
$
60,500
$
58,500
$
56,500
Portfolio turnover rate
4
24
%
60
%
39
%
42
%
53
%
36
%
1
Per share information is calculated using the average shares outstanding method.
2
Total investment return at net asset value is based on changes in the net asset value of Fund shares and assumes reinvestment of distributions, if any, at actual prices pursuant to the fund's dividend reinvestment program. Total investment return at market value is based on changes in the market price at which the Fund's shares traded on the stock exchange during the period and assumes reinvestment of distributions, if any, at actual prices pursuant to the Fund's dividend reinvestment program. Because the Fund's shares trade in the stock market based on investor demand, the Fund may trade at a price higher or lower than its NAV. Therefore, returns are calculated based on NAV and market price. Total returns for periods less than one year are not annualized (See Note 6).
3
Annualized.
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.
25
Credit Suisse Asset Management Income Fund, Inc.
Financial Highlights (continued)
For the Year Ended December 31,
2019
2018
2017
2016
2015
Per share operating performance
Net asset value, beginning of year
$
3.21
$
3.58
$
3.48
$
3.21
$
3.62
INVESTMENT OPERATIONS
Net investment income
1
0.26
0.27
0.24
0.25
0.25
Net gain (loss) on investments, foreign currency transactions and forward foreign currency contracts (both realized and unrealized)
0.28
(0.37
)
0.12
0.28
(0.40
)
Total from investment activities
0.54
(0.10
)
0.36
0.53
(0.15
)
LESS DIVIDENDS AND DISTRIBUTIONS
Dividends from net investment income
(0.27
)
(0.27
)
(0.24
)
(0.25
)
(0.26
)
Return of capital
(0.00
)
3
-
(0.02
)
(0.01
)
-
Total dividends and distributions
(0.27
)
(0.27
)
(0.26
)
(0.26
)
(0.26
)
Net asset value, end of year
$
3.48
$
3.21
$
3.58
$
3.48
$
3.21
Per share market value, end of year
$
3.22
$
2.77
$
3.31
$
3.16
$
2.78
TOTAL INVESTMENT RETURN
2
Net asset value
18.17
%
(2.39
)%
11.34
%
18.64
%
(3.35
)%
Market value
26.71
%
(8.89
)%
13.37
%
24.39
%
(7.90
)%
RATIOS AND SUPPLEMENTAL DATA
Net assets, end of year (000s omitted)
$
182,030
$
167,897
$
187,472
$
182,019
$
167,848
Ratio of expenses to average net assets
1.92
%
1.82
%
1.06
%
0.74
%
0.66
%
Ratio of expenses to average net assets excluding interest expense
0.78
%
0.78
%
0.90
%
0.74
%
0.66
%
Ratio of net investment income to average net assets
7.59
%
7.83
%
6.75
%
7.66
%
7.21
%
Asset Coverage per $1,000 of Indebtedness
$
4,021
$
3,373
$
5,075
$
-
$
-
Outstanding senior securities (000s omitted)
$
60,250
$
70,750
$
46,000
$
-
$
-
Portfolio turnover rate
4
35
%
39
%
64
%
53
%
51
%
1
Per share information is calculated using the average shares outstanding method.
2
Total investment return at net asset value is based on the change in the net asset value of Fund shares and assumes reinvestment of distributions, if any, at actual prices pursuant to the Fund's dividend reinvestment program. Total investment return at market value is based on the change in the market price at which the Fund's shares traded on the stock exchange during the period and assumes reinvestment of distributions, if any, at actual prices pursuant to the Fund's dividend reinvestment program. Because the Fund's shares trade in the stock market based on investor demand, the Fund may trade at a price higher or lower than its NAV. Therefore, returns are calculated based on NAV and market price (See Note 6).
3
This amount represents less than $(0.01) per share.
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.
26
Credit Suisse Asset Management Income Fund, Inc.
Notes to Financial Statements
June 30, 2025 (unaudited)
Note 1. Organization
Credit Suisse Asset Management Income Fund, Inc. (the "Fund") was incorporated on February 11, 1987 and is registered as a diversified,
closed-end
management investment company under the Investment Company Act of 1940, as amended (the "1940 Act"). The investment objective of the Fund is to provide current income consistent with the preservation of capital.
UBS Asset Management (Americas) LLC ("UBS AM (Americas)" or the "Adviser"), the investment adviser to the Fund, is registered as an investment adviser with the Securities and Exchange Commission ("SEC") and as a Commodity Pool Operator with the Commodity Futures Trading Commission. UBS AM (Americas) is an indirect wholly owned subsidiary of UBS Group AG. UBS Group AG is an internationally diversified organization with headquarters in Zurich, Switzerland. UBS Group AG operates in many areas of the financial services industry.
In this reporting period, the Fund adopted Financial Accounting Standards Board ("FASB") Accounting Standards Update
2023-07,
Segment Reporting ("Topic 280") - Improvements to Reportable Segment Disclosures ("ASU
2023-07").
Adoption of the new standard impacted financial statement disclosures only and did not affect the Fund's financial position or the results of its operations. An operating segment is defined in Topic 280 as a component of a public entity that engages in business activities from which it may recognize revenues and incur expenses, has operating results that are regularly reviewed by the public entity's chief operating decision maker ("CODM") to make decisions about resources to be allocated to the segment and assess its performance, and has discrete financial information available. The Fund's portfolio management team acts as the Fund's CODM. The Fund represents a single operating segment, as the CODM monitors the operating results of the Fund as a whole and the Fund's long-term strategic asset allocation is predetermined in accordance with the Fund's single investment objective which is executed by the Fund's portfolio managers as a team. The financial information in the form of the Fund's portfolio composition, total returns, expense ratios and changes in net assets (i.e., changes in net assets resulting from operations, subscriptions and redemptions) which are used by the CODM to assess the Fund's comparative benchmarks and to make resource allocation decisions for the Fund's single segment, is consistent with that presented within the Fund's financial statements. Segment assets are reflected on the accompanying statement of assets and liabilities as "total assets" and significant segment expenses are listed on the accompanying statement of operations.
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 FASB Accounting Standards Codification ("ASC") Topic 946-Financial Services -Investment Companies.
A) SECURITY VALUATION - The Board of Directors (the "Board") is responsible for the Fund's valuation process. The Board has delegated the supervision of the daily valuation process to the Adviser, who has established a Pricing Committee and a Pricing Group, which, pursuant to the policies adopted by the Board, are responsible for making fair valuation determinations and overseeing the Fund's pricing policies. The net asset value ("NAV") of the Fund is determined daily as of the close of regular trading (normally 4:00 p.m. Eastern Time) 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,
27
Credit Suisse Asset Management Income Fund, Inc.
Notes to Financial Statements (continued)
June 30, 2025 (unaudited)
Note 2. Significant Accounting Policies
 (continued)
municipal, mortgage-backed, collateralized mortgage obligations and asset-backed securities) and certain derivative instruments are typically the prices supplied by independent third party pricing services, which may use market prices or broker/dealer quotations or a variety of valuation techniques and methodologies. The independent third party pricing services use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar securities. These pricing services generally price fixed income securities assuming orderly transactions of an institutional "round lot" size, but some trades occur in smaller "odd lot" sizes which may be effected at lower prices than institutional round lot trades. Structured note agreements are valued in accordance with a dealer-supplied valuation based on changes in the value of the underlying index. Futures contracts are valued daily at the settlement price established by the board of trade or exchange on which they are traded. Forward contracts are valued at the London closing spot rates and the London closing forward point rates on a daily basis. The currency forward contract pricing model derives the differential in point rates to the expiration date of the forward and calculates its present value. Equity securities for which market quotations are available are valued at the last reported sales price or official closing price on the primary market or exchange on which they trade. Investments in open-ended mutual funds are valued at the NAV as reported on each business day and under normal circumstances. Securities for which market quotations are not readily available are valued at their fair value as determined in good faith by the Adviser, as the Board's valuation designee (as defined in Rule
2a-5
under the 1940 Act), in accordance with the Adviser's procedures. The Board oversees the Adviser in its role as valuation designee in accordance with the requirements of Rule
2a-5
under the 1940 Act. The Fund may utilize a service provided by an independent third party to fair value certain securities. When fair value pricing is employed, the prices of securities used by the Fund to calculate its NAV may differ from quoted or published prices for the same securities. If independent third party pricing services are unable to supply prices for a portfolio investment, or if the prices supplied are deemed by the Adviser to be unreliable, the market price may be determined by the Adviser using quotations from one or more brokers/dealers or at the transaction price if the security has recently been purchased and no value has yet been obtained from a pricing service or pricing broker. When reliable prices are not readily available, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the Fund calculates its NAV, these securities will be fair valued in good faith by the Pricing Group, in accordance with procedures established by the Adviser.
The Fund uses valuation techniques to measure fair value that are consistent with the market approach and/or income approach, depending on the type of security and the particular circumstance. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable securities. The income approach uses valuation techniques to discount estimated future cash flows to present value.
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)
28
Credit Suisse Asset Management Income Fund, Inc.
Notes to Financial Statements (continued)
June 30, 2025 (unaudited)
Note 2. Significant Accounting Policies
 (continued)
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 June 30, 2025 in valuing the Fund's assets and liabilities carried at fair value:
Assets
Level 1
Level 2
Level 3
Total
Investments in Securities
Corporate Bonds
$ - $ 172,926,730 $ 92,245 $ 173,018,975
Bank Loans
- 31,116,872 3,743,236 34,860,108
Asset Backed Securities
- 10,146,007 - 10,146,007
Common Stocks
- 1,148,226 2,118 1,150,344
Warrants
- - 0 0
Short-term Investments
20,478,950 - - 20,478,950
$ 20,478,950 $ 215,337,835 $ 3,837,599 $ 239,654,384
Other Financial Instruments*
Forward Foreign Currency Contracts
$ - $ 48,348 $ - $ 48,348
Liabilities
Other Financial Instruments*
Forward Foreign Currency Contracts
$ - $ 195,336 $ - $ 195,336
*
Other financial instruments include unrealized appreciation (depreciation) on forward foreign currency contracts.
The following is a reconciliation of investments as of June 30, 2025 for which significant unobservable inputs were used in determining fair value.
Corporate
Bonds
Bank
Loans
Common
Stocks
Warrants
Total
Balance as of December 31, 2024
$ 202,210 $ 4,940,122 $ 2,117 $ 0 $ 5,144,449
Accrued discounts (premiums)
- 32,660 - - 32,660
Purchases
(22,921 ) 826,027 - - 803,106
Sales
- (1,972,021 ) -  - (1,972,021 )
Realized gain (loss)
- (123,441 ) - - (123,441 )
Change in unrealized appreciation (depreciation)
(87,044 ) 31,041 1 - (56,002 )
Transfers into Level 3
- 362,093 - - 362,093
Transfers out of Level 3
- (353,245 ) - - (353,245 )
Balance as of June 30, 2025
$ 92,245 $ 3,743,236 $ 2,118 $ 0 $ 3,837,599
Net change in unrealized appreciation (depreciation) from investments still held as of June 30, 2025
$ (88,145 ) $ (57,406 ) $ - $ - $ (145,551 )
Quantitative Disclosure About Significant Unobservable Inputs
Asset Class
Fair Value
At June 30, 2025
Valuation

Technique
Unobservable

Input
Price Range
(Weighted Average)*
Bank Loans
$ 3,743,236 Vendor pricing Single Broker Quote
$0.81 - $1.00 ($0.96
)
0 Income Approach Expected Remaining Distribution 0.00 (N/A )
Corporate Bonds
92,245 Income Approach Expected Remaining Distribution 0.00 - 0.77 (0.76 )
Common Stocks
2,118 Income Approach Expected Remaining Distribution 0.00 - 1.48 (0.84 )
Warrant
0 Income Approach Expected Remaining Distribution 0.00 (N/A )
*
Weighted by relative fair value
29
Credit Suisse Asset Management Income Fund, Inc.
Notes to Financial Statements (continued)
June 30, 2025 (unaudited)
Note 2. Significant Accounting Policies
 (continued)
Each fair value determination is based on a consideration of relevant factors, including both observable and unobservable inputs. Observable and unobservable inputs that UBS AM (Americas) considers may include (i) information obtained from the company, which may include an analysis of the company's financial statements, the company's products or intended markets or the company's technologies; (ii) the price of the same or similar security negotiated at arm's length in an issuer's completed subsequent round of financing; (iii) the price and extent of public trading in similar securities of the issuer or of comparable companies; or (iv) a probability and time value adjusted analysis of contractual term. Where available and appropriate, multiple valuation methodologies are applied to confirm fair value. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, determining fair value requires more judgment. Because of the inherent uncertainty of valuation, those estimated values may be materially higher or lower than the values that would have been used had a ready market for the investments existed. Accordingly, the degree of judgment exercised by the Fund in determining fair value is greatest for investments categorized in Level 3. In some circumstances, the inputs used to measure fair value might be categorized within different levels of the fair value hierarchy. In those instances, the fair value measurement is categorized in its entirety in the fair value hierarchy based on the least observable input that is significant to the fair value measurement. Additionally, changes in the market environment and other events that may occur over the life of the investments may cause the gains or losses ultimately realized on these investments to be different from the valuations used at the date of these financial statements.
For the six months ended June 30, 2025, $362,093 was transferred from Level 2 to Level 3 due to a lack of a pricing source supported by observable inputs and $353,245 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.
The following table presents the fair value and the location of derivatives within the Statement of Assets and Liabilities at June 30, 2025 and the effect of these derivatives on the Statement of Operations for the six months ended June 30, 2025.
Primary Underlying Risk
Derivative
Assets
1
Derivative
Liabilities
1
Realized
Gain (Loss)
Net Change in
Unrealized
Appreciation
(Depreciation)
Foreign currency exchange risk
$ 48,348 $ 195,336 $ 0 $ (328,730 )
1
Generally, the balance sheet location for asset derivatives is unrealized appreciation and for liability derivatives is unrealized depreciation.
For the six months ended June 30, 2025, the Fund held an average monthly value on a net basis of $3,974,838 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,
30
Credit Suisse Asset Management Income Fund, Inc.
Notes to Financial Statements (continued)
June 30, 2025 (unaudited)
Note 2. Significant Accounting Policies
 (continued)
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 June 30, 2025:
Counterparty
Gross Amount of
Derivative Assets
Presented in the
Statement of Assets
and Liabilities
Financial
Instruments
and Derivatives
Available for Offset
Non-Cash

Collateral
Received
Cash
Collateral
Received
Net Amount
of Derivative
Assets
Barclays Bank PLC
$ 4,082 $ (4,082 ) $ - $ - $ -
Deutsche Bank AG
19,383 (13,478 ) - - 5,905
JPMorgan Chase
24,883 (1,627 ) - - 23,256
$
48,348
$
(19,187
)
$
-
$
-
$
29,161
The following table presents by counterparty the Fund's derivative liabilities, net of related collateral pledged by the Fund, at June 30, 2025:
Counterparty
Gross Amount of
Derivative Liabilities
Presented in the
Statement of Assets
and Liabilities
Financial
Instruments
and Derivatives
Available for Offset
Non-Cash

Collateral
Pledged
Cash
Collateral
Pledged
Net Amount
of Derivative
Liabilities
Barclays Bank PLC
$ 4,945 $ (4,082 ) $ - $ - $ 863
Deutsche Bank AG
13,478 (13,478 ) - - -
JPMorgan Chase
1,627 (1,627 ) - - -
Morgan Stanley
175,286 - - - 175,286
$
195,336
$
(19,187
)
$
-
$
-
$
176,149
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 U.S. 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.
31
Credit Suisse Asset Management Income Fund, Inc.
Notes to Financial Statements (continued)
June 30, 2025 (unaudited)
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. 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 - The Fund declares and pays dividends on a monthly basis. 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.
The Fund's dividend policy is to distribute substantially all of its net investment income to its shareholders on a monthly basis. However, in order to provide shareholders with a more consistent yield to the current trading price of shares of common stock of the Fund, the Fund may at times pay out less than the entire amount of net investment income earned in any particular month and may at times in any month pay out such accumulated but undistributed income in addition to net investment income earned in that month. As a result, the dividends paid by the Fund for any particular month may be more or less than the amount of net investment income earned by the Fund during such month.
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 Subchapter M of 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 (including gains from options, futures, and forward contracts) 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 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 each of the tax years in the four year period ended June 30, 2025, 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.
32
Credit Suisse Asset Management Income Fund, Inc.
Notes to Financial Statements (continued)
June 30, 2025 (unaudited)
Note 2. Significant Accounting Policies
 (continued)
H) CASH FLOW INFORMATION - Cash, as used in the Statement of Cash Flows, is the amount reported in the Statement of Assets and Liabilities, including domestic and foreign currencies. The Fund invests in securities and distributes dividends from net investment income and net realized gains, if any (which are either paid in cash or reinvested at the discretion of shareholders). These activities are reported in the Statement of Changes in Net Assets. Information on cash payments is presented in the Statement of Cash Flows. Accounting practices that do not affect reporting activities on a cash basis include unrealized gain or loss on investment securities and accretion or amortization income/expense recognized on investment securities.
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 solely for hedging or other appropriate risk management purposes as defined in regulations of the Commodities Futures Trading Commission. 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 June 30, 2025 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 in the Schedule of Investments. As of June 30, 2025, 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 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 UBS AM (Americas) and may be invested in a variety of investments, including funds advised by SSB or an affiliate, 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.
33
Credit Suisse Asset Management Income Fund, Inc.
Notes to Financial Statements (continued)
June 30, 2025 (unaudited)
Note 2. Significant Accounting Policies
 (continued)
SSB has been engaged by the Fund to act as the Fund's securities lending agent. As of June 30, 2025, 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
$ 15,256,166 $ 15,594,035
The following table presents financial instruments that are subject to enforceable netting arrangements as of June 30, 2025.
Gross Amounts Not Offset in the Statement of Assets and Liabilities
Gross Asset Amounts
Presented in
the Statement of Assets
and Liabilities
(a)
Collateral
Received
(b)
Net
Amount
$ 15,256,166 $ (15,256,166 ) $ -
(a)
Represents market value of loaned securities at period 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. For the six months ended June 30, 2025, total earnings received in connection with securities lending arrangements was $387,991, of which $335,704 was rebated to borrowers (brokers). The Fund retained $39,216 in income, and SSB, as lending agent, was paid $13,071.
L) OTHER - 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 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 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 Statement of Assets and Liabilities.
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 NAV.
34
Credit Suisse Asset Management Income Fund, Inc.
Notes to Financial Statements (continued)
June 30, 2025 (unaudited)
Note 3. Transactions with Affiliates and Related Parties
UBS AM (Americas) serves as investment adviser for the Fund. For its investment advisory services, UBS AM (Americas) is entitled to receive a fee from the Fund at a rate per annum, computed weekly and paid quarterly as follows: 0.50% of an average weekly base amount which, with respect to each quarter, is the average of the lower of (i) the stock price (market value) of the Fund's outstanding shares and (ii) the Fund's net assets, in each case determined as of the last trading day for each week during the relevant quarter. For the six months ended June 30, 2025, investment advisory fees earned were $391,404.
The Fund from time to time purchases or sells loan investments in the secondary market through UBS AM (Americas) or its affiliates acting in the capacity as broker-dealer. UBS AM (Americas) 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
The Fund has a line of credit subject to annual renewal provided by SSB primarily to leverage its investment portfolio (the "Agreement"). The Fund may borrow the lesser of: a) $85,000,000; b) an amount that is no greater than 33 1/3% of the Fund's total assets minus the sum of liabilities (other than aggregate indebtedness constituting leverage); and c) the Borrowing Base as defined in the Agreement. Under the terms of the Agreement, the Fund pays a commitment fee of 0.25% on the unused amount. In addition, the Fund pays interest on borrowings at a designated reference rate plus a spread. At June 30, 2025, the Fund had loans outstanding under the Agreement of $63,000,000. Unless renewed, the Agreement will terminate on June 3, 2026. During the six months ended June 30, 2025, the Fund had borrowings under the Agreement as follows:
Average Daily
Loan Balance
Weighted Average
Interest Rate %
Maximum Daily
Loan Outstanding
Interest Expense
Number of

Days

Outstanding
$ 59,994,475 5.269 % $ 63,000,000 $ 1,589,253 181
The use of leverage by the Fund creates an opportunity for increased net income and capital appreciation for the Fund, but, at the same time, creates special risks, and there can be no assurance that a leveraging strategy will be successful during any period in which it is employed. The Fund intends to utilize leverage to provide the shareholders with a potentially higher return. Leverage creates risks for shareholders including the likelihood of greater volatility of NAV and market price of the Fund's shares and the risk that fluctuations in interest rates on borrowings and short-term debt may affect the return to shareholders. To the extent the income or capital appreciation derived from securities purchased with funds received from leverage exceeds the cost of leverage, the Fund's return will be greater than if leverage had not been used. Conversely, if the income or capital appreciation from the securities purchased with such funds is not sufficient to cover the cost of leverage, the return to the Fund will be less than if leverage had not been used, and therefore the amount available for distribution to shareholders as dividends and other distributions will be reduced. In the latter case, UBS AM (Americas) in its best judgment nevertheless may determine to maintain the Fund's leveraged position if it deems such action to be appropriate under the circumstances.
Certain types of borrowings by the Fund may result in the Fund being subject to covenants in credit agreements, including those relating to asset coverage and portfolio composition requirements. The securities held by the Fund are subject to a lien granted to the lender, to the extent of the borrowing outstanding and any additional expenses. The Fund's lenders may establish guidelines for borrowing which may impose asset coverage or portfolio composition requirements that are more stringent than those imposed by the 1940 Act. There is no guarantee that the Fund's borrowing arrangements or other arrangements for obtaining leverage will
35
Credit Suisse Asset Management Income Fund, Inc.
Notes to Financial Statements (continued)
June 30, 2025 (unaudited)
Note 4. Line of Credit
 (continued)
continue to be available, or if available, will be available on terms and conditions acceptable to the Fund. Expiration or termination of available financing for leveraged positions can result in adverse effects to the Fund's access to liquidity and its ability to maintain leverage positions, and may cause the Fund to incur losses. Unfavorable economic conditions also could increase funding costs, limit access to the capital markets or result in a decision by lenders not to extend credit to the Fund. In addition, a decline in market value of the Fund's assets may have particular adverse consequences in instances where the Fund has borrowed money based on the market value of those assets. A decrease in market value of those assets may result in the lender requiring the Fund to sell assets at a time when it may not be in the Fund's best interest to do so.
Note 5. Purchases and Sales of Securities
For the six months ended June 30, 2025, purchases and sales of investment securities and U.S. Government and Agency Obligations (excluding short-term investments) were as follows:
Investment Securities
U.S. Government/

Agency Obligations
Purchases
Sales
Purchases
Sales
$ 55,273,638 $ 50,995,918 $ 0 $ 0
Note 6. Fund Shares
The Fund offers a Dividend Reinvestment and Cash Purchase Plan (the "Plan") to its common stockholders. By participating in the Plan, dividends and distributions will be promptly paid to stockholders in additional shares of common stock of the Fund. The number of shares to be issued will be determined by dividing the total amount of the distribution payable by the greater of (i) the NAV of the Fund's common stock on the payment date, or (ii) 95% of the market price per share of the Fund's common stock on the payment date. If the NAV of the Fund's common stock is greater than the market price (plus estimated brokerage commissions) on the payment date, Computershare Trust Company, N.A. ("Computershare") (or a broker-dealer selected by Computershare) shall endeavor to apply the amount of such distribution to purchase shares of Fund common stock in the open market.
The Fund has one class of shares of common stock, par value $0.001 per share; one hundred million shares are authorized. Transactions in shares of beneficial interest of the Fund were as follows:
For the Six Months Ended

June 30, 2025
For the Year Ended

December 31, 2024
Shares issued through
at-the-market
offerings
0 1,966,284
Shares issued through reinvestment of dividends
17,086 55,585
Net increase
17,086 2,021,869
Note 7. Shelf Offering
The Fund had an effective "shelf" registration statement during the reporting period, which became effective with the SEC on November 17, 2021. The Fund filed a new shelf registration statement on November 14, 2024 to permit the Fund to continue to make offerings under the prior shelf registration statement until the earlier of (i) the effective date of the new shelf registration statement and (ii) 180 days after the third anniversary of the initial effective date of the prior shelf registration statement. The Fund's new shelf registration statement has not yet been declared effective, and its prior shelf registration statement expired on May 16, 2025. The shelf registration statement enabled the Fund to issue up to $250,000,000 in proceeds through one or more public offerings. Shares
36
Credit Suisse Asset Management Income Fund, Inc.
Notes to Financial Statements (continued)
June 30, 2025 (unaudited)
Note 7. Shelf Offering
 (continued)
may be offered at prices and terms to be set forth in one or more supplements to the Fund's prospectus included in the shelf registration statement. On November 19, 2021, the Fund filed a prospectus supplement relating to an
at-the-market
offering of the Fund's shares of common stock. Any proceeds raised through such offering will be used for investment purposes. For the six months ended June 30, 2025, no common shares of beneficial interest were issued in the shelf offering.
Costs incurred by the Fund in connection with its shelf registration statement and prospectus supplement are recorded as a prepaid expense and recognized as "Deferred offering costs" on the Statement of Assets and Liabilities. These costs will be amortized pro rata as common shares are sold and will be recognized as a component of proceeds from the shelf offering on the Statement of Changes in Net Assets. Any deferred offering costs remaining after the effectiveness of the shelf registration statement will be expensed. Costs incurred by the Fund to keep the shelf registration current are expensed as incurred and recognized as a component of "Miscellaneous expense" on the Statement of Operations. Deferred offering costs amortized during the six months ended June 30, 2025 were $647,278.
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 June 30, 2025, 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.
37
Credit Suisse Asset Management Income Fund, Inc.
Results of Annual Meeting of Shareholders (unaudited)
On April 22, 2025, the Annual Meeting of Shareholders of the Fund, was held and the following matter was voted upon:
(1) To elect three directors to the Board of Directors of the Fund:
NAME OF DIRECTOR
FOR
WITHHELD
Laura DeFelice
35,378,738 2,947,302
Charles Gerber
35,256,761 3,069,278
Lee Shaiman
35,369,380 2,956,659
In addition to the directors re-elected at the meeting, Mahendra Gupta, Samantha Kappagoda and John Popp continue to serve as Directors of the Fund.
38
Credit Suisse Asset Management Income Fund, Inc.
Recent Changes (unaudited)
During the period ended June 30, 2025, changes that occurred since the close of the period covered by the previously transmitted annual shareholder report there were: (i) no material changes in the fund's investment objectives or policies that have not been approved by Stockholders, (ii) no changes in the fund's charter or by-laws that would delay or prevent a change of control of the fund that have not been approved by Stockholders, (iii) no material changes to the principal risk factors associated with investment in the fund, and (iv) no changes in the persons primarily responsible for the day-to-day management of the Fund's portfolio.
39
Credit Suisse Asset Management Income Fund, Inc.
Notice of Privacy and Information Practices (unaudited)
At UBS AM (Americas), we know that you are concerned with how we protect and handle nonpublic personal information that identifies you. This notice is designed to help you understand what nonpublic personal information we collect from you and from other sources, and how we use that information in connection with your investments and investment choices that may be available to you. Except where otherwise noted, this notice is applicable only to consumers who are current or former investors, meaning individual persons whose investments are primarily for household, family or personal use ("individual investors"). Specified sections of this notice, however, also apply to other types of investors (called "institutional investors"). Where the notice applies to institutional investors, the notice expressly states so. This notice is being provided by Credit Suisse Funds and Credit Suisse
Closed-End
Funds. This notice applies solely to U.S. registered investment companies advised by UBS AM (Americas).
Categories of information we may collect:
We may collect information about you, including nonpublic personal information, such as
•
Information we receive from you on applications, forms, agreements, questionnaires, UBS AM (Americas) websites and other websites that are part of our investment program, or in the course of establishing or maintaining a customer relationship, such as your name, address,
e-mail
address, Social Security number, assets, income, financial situation; and
•
Information we obtain from your transactions and experiences with us, our affiliates, or others, such as your account balances or other investment information, assets purchased and sold, and other parties to a transaction, where applicable.
Categories of information we disclose and parties to whom we disclose it:
•
We do not disclose nonpublic personal information about our individual investors, except as permitted or required by law or regulation. Whether you are an individual investor or institutional investor, we may share the information described above with our affiliates that perform services on our behalf, and with our asset management and private banking affiliates; as well as with unaffiliated third parties that perform services on our behalf, such as our accountants, auditors, attorneys, broker-dealers, fund administrators, and other service providers.
•
We want our investors to be informed about additional products or services. We do not disclose nonpublic personal information relating to individual investors to our affiliates for marketing purposes, nor do we use such information received from our affiliates to solicit individual investors for such purposes. Whether you are an individual investor or an institutional investor, we may disclose information, including nonpublic personal information, regarding our transactions and experiences with you to our affiliates.
•
In addition, whether you are an individual investor or an institutional investor, we reserve the right to disclose information, including nonpublic personal information, about you to any person or entity, including without limitation any governmental agency, regulatory authority or self-regulatory organization having jurisdiction over us or our affiliates, if (i) we determine in our discretion that such disclosure is necessary or advisable pursuant to or in connection with any United States federal, state or local, or
non-U.S.,
court order (or other legal process), law, rule, regulation, or executive order or policy, including without limitation any anti-money laundering law or the USA PATRIOT Act of 2001; and (ii) such disclosure is not otherwise prohibited by law, rule, regulation, or executive order or policy.
40
Credit Suisse Asset Management Income Fund, Inc.
Notice of Privacy and Information Practices (unaudited) (continued)
Confidentiality and security
•
To protect nonpublic personal information about individual investors, we restrict access to those employees and agents who need to know that information to provide products or services to us and to our investors. We maintain physical, electronic, and procedural safeguards to protect nonpublic personal information.
Other disclosures
This notice is not intended to be incorporated in any offering materials, but is a statement of our current Notice of Privacy and Information Practices and may be amended from time to time. This notice is current as of May 13, 2025.
41
Credit Suisse Asset Management Income Fund, Inc.
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
1-800-293-1232
•
On the Fund's website, https://us-fund.ubs.com/en/home
•
On the website of the Securities and Exchange Commission ("SEC") at www.sec.gov
The Fund files its complete schedule of 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.
The Fund's Form
N-PORT
reports are available on the SEC's website at www.sec.gov.
Funds Managed by UBS Asset Management (Americas) LLC
CLOSED-END
FUNDS
Fixed Income
Credit Suisse Asset Management Income Fund, Inc. (NYSE American: CIK)
Credit Suisse High Yield Bond Fund (NYSE American: DHY)
Literature Request
- Call today for free descriptive information on the closed-ended funds listed above at
1-800-293-1232
or visit our website at https://us-fund.ubs.com/en/home
OPEN-END
FUNDS
Credit Suisse Commodity Return Strategy Fund Credit Suisse Strategic Income Fund
Credit Suisse Floating Rate High Income Fund Credit Suisse Trust Commodity Return Strategy Portfolio
Fund shares are not deposits or other obligation of UBS Asset Management (Americas) LLC or any affiliate, are not FDIC-insured and are not guaranteed by UBS Asset Management (Americas) LLC or any affiliate. Fund investments are subject to investment risks, including loss of your investment. There are special risk considerations associated with international, global, emerging-markets, small-company, private equity, high-yield debt, single-industry, single-country and other special, aggressive or concentrated investment strategies. Past performance cannot guarantee future results.
More complete information about a fund, including charges and expenses, is provided in the Prospectus, which should be read carefully before investing. You may obtain copies by calling Credit Suisse Funds at
1-877-870-2874.
Performance information current to the most recent
month-end
is available at https://us-fund.ubs.com/en/home.
42
Credit Suisse Asset Management Income Fund, Inc.
Dividend Reinvestment and Cash Purchase Plan (unaudited)
Credit Suisse Asset Management Income Fund, Inc. (the "Fund") offers a Dividend Reinvestment and Cash Purchase Plan (the "Plan") to its common stockholders. The Plan offers common stockholders a prompt and simple way to reinvest net investment income dividends and capital gains and other periodic distributions in shares of the Fund's common stock. Computershare Trust Company, N.A. ("Computershare") acts as Plan Agent for stockholders in administering the Plan.
If your shares of common stock of the Fund are registered in your own name, you will automatically participate in the Plan, unless you have indicated that you do not wish to participate and instead wish to receive dividends and capital gains distributions in cash. If you are a beneficial owner of the Fund having your shares registered in the name of a bank, broker or other nominee, you must first make arrangements with the organization in whose name your shares are registered to have the shares transferred into your own name. Registered shareholders can join the Plan via the Internet by going to www.computershare.com, authenticating your online account, agreeing to the Terms and Conditions of online "Account Access" and completing an online Plan Enrollment Form. Alternatively, you can complete the Plan Enrollment Form and return it to Computershare at the address below.
By participating in the Plan, your dividends and distributions will be promptly paid to you in additional shares of common stock of the Fund. The number of shares to be issued to you will be determined by dividing the total amount of the distribution payable to you by the greater of (i) the net asset value per share ("NAV") of the Fund's common stock on the payment date, or (ii) 95% of the market price per share of the Fund's common stock on the payment date. If the NAV of the Fund's common stock is greater than the market price (plus estimated brokerage commissions) on the payment date, then Computershare (or a broker-dealer selected by Computershare) shall endeavor to apply the amount of such distribution on your shares to purchase shares of Fund common stock in the open market.
You should be aware that all net investment income dividends and capital gain distributions are taxable to you as ordinary income and capital gain, respectively, whether received in cash or reinvested in additional shares of the Fund's common stock.
The Plan also permits participants to purchase shares of the Fund through Computershare. You may invest $100 or more monthly, with a maximum of $100,000 in any annual period. Computershare will purchase shares for you on the open market on the 25th of each month or the next trading day if the 25th is not a trading day.
There is no service fee payable by Plan participants for dividend reinvestment. For voluntary cash payments, Plan participants must pay a service fee of $5.00 per transaction. Plan participants will also be charged a pro rata share of the brokerage commissions for all open market purchases ($0.03 per share as of December 2024). Participants will also be charged a service fee of $5.00 for each sale and brokerage commissions of $0.03 per share (as of December 2024).
You may terminate your participation in the Plan at any time by notifying Computershare or requesting a sale of your shares held in the Plan. Your withdrawal will be effective immediately if your notice is received by Computershare prior to any dividend or distribution record date; otherwise, such termination will be effective only with respect to any subsequent dividend or distribution. Your dividend participation option will remain the same unless you withdraw all of your whole and fractional Plan shares, in which case your participation in the Plan will be terminated and you will receive subsequent dividends and capital gains distributions in cash instead of shares.
43
Credit Suisse Asset Management Income Fund, Inc.
Dividend Reinvestment and Cash Purchase Plan (unaudited) (continued)
If you want further information about the Plan, including a brochure describing the Plan in greater detail, please contact Computershare as follows:
By Internet:
www.computershare.com
By phone:
(800)
730-6001
(U.S. and Canada)
 
(781)
575-3100
(Outside U.S. and Canada)
Customer service associates are available from 9:00 a.m. to 5:00 p.m. Eastern time, Monday through Friday
By mail:
Credit Suisse Asset Management Income Fund, Inc.
 
c/o Computershare
 
P.O. Box 43006
 
Providence, RI 02940-3006
Overnight correspondence should be sent to:
 
Computershare
 
150 Royall St., Suite 101
 
Canton, MA 02021
All notices, correspondence, questions or other communications sent by mail should be sent by registered or certified mail, return receipt requested.
The Plan may be terminated by the Fund or Computershare upon notice in writing mailed to each participant at least 30 days prior to any record date for the payment of any dividend or distribution.
44
This report, including the financial statements herein, is sent to the shareholders of the Fund for their information. It is not a prospectus, circular or representation intended for use in the purchase or sale of shares of the Fund or of any securities mentioned in this report.
CIK-SAR-0625

Item 2. Code of Ethics.

This item is inapplicable to a semi-annual report on Form N-CSR.

Item 3. Audit Committee Financial Expert.

This item is inapplicable to a semi-annual report on Form N-CSR.

Item 4. Principal Accountant Fees and Services.

This item is inapplicable to a semi-annual report on Form N-CSR.

Item 5. Audit Committee of Listed Registrants.

(a)

This item is inapplicable to a semi-annual report on Form N-CSR.

(b)

Not applicable to the Registrant.

Item 6. Investments.

(a)

The complete schedule of investments for the Registrant is disclosed in the Registrant's semi-annual report, which is included in Item 1 of this Form N-CSR.

(b)

Not applicable to the Registrant.

Item 7. Financial Statements and Financial Highlights for Open-EndManagement Investment Companies.

Not applicable to the Registrant.

Item 8. Changes in and Disagreements with Accountants for Open-EndManagement Investment Companies.

Not applicable to the Registrant.

Item 9. Proxy Disclosure for Open-EndManagement Investment Companies.

Not applicable to the Registrant.

Item 10. Remuneration Paid to Directors, Officers, and Others of Open-EndManagement Investment Companies.

Not applicable to the Registrant.

Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.

Not applicable.

Item 12. Disclosure of Proxy Voting Policies and Procedures for Closed-EndManagement Investment Companies.

This item is inapplicable to a semi-annual report on Form N-CSR.

Item 13. Portfolio Managers of Closed-EndManagement Investment Companies.

(a)

This item is inapplicable to a semi-annual report on Form N-CSR.

(b)

There have been no changes in any of the Portfolio Managers since the Registrant's most recent annual report on Form N-CSR.

Item 14. Purchases of Equity Securities by Closed-EndManagement Investment Company and Affiliated Purchasers.

None.

Item 15. Submission of Matters to a Vote of Security Holders.

There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant's board of directors since the registrant last provided disclosure in response to the requirements of Item 7(d)(2)(ii)(g) of Schedule 14A in its definitive proxy statement dated March 20, 2025.

Item 16. Controls and Procedures.

(a) As of a date within 90 days from the filing date of this report, the principal executive officer and principal financial officer concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c)under the Investment Company Act of 1940 (the "Act")) were effective based on their evaluation of the disclosure controls and procedures required by Rule 30a-3(b)under the Act and Rules 13a-15(b)or 15d-15(b)under the Securities Exchange Act of 1934.

(b) There were no changes in registrant's internal control over financial reporting (as defined in Rule 30a-3(d)under the Act) that occurred during the registrant's most recent fiscal half-year that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.

Item 17. Disclosure of Securities Lending Activities for Closed-EndManagement Investment Companies.

This item is inapplicable to a semi-annual report on Form N-CSR.

Item 18. Recovery of Erroneously Awarded Compensation.

Not applicable to the Registrant.

Item 19. Exhibits.

(a)(1) Not applicable.

(a)(2) Not applicable.

(a)(3) The certifications of the registrant as required by Rule 30a-2(a)under the Act are exhibits to this report.

(a)(4) Not applicable.

(a)(5) Not applicable.

(b) The certifications of the registrant as required by Rule 30a-2(b)under the Act are an exhibit to this report.

(c) Not applicable

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 ASSET MANAGEMENT INCOME FUND, INC.

/s/ Omar Tariq

Name: Omar Tariq

Title: Chief Executive Officer and President

(Principal Executive Officer)

Date: August 29, 2025

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/ Omar Tariq

Name: Omar Tariq
Title: Chief Executive Officer and President
(Principal Executive Officer)
Date: August 29, 2025

/s/ Rose Ann Bubloski

Name: Rose Ann Bubloski
Title: Chief Financial Officer and Treasurer
(Principal Financial Officer)
Date: August 29, 2025
Credit Suisse Asset Management Income Fund Inc. published this content on September 03, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on September 03, 2025 at 17:05 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]