Conditions and Limitations
Termination
(continued)
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If any partner, director, trustee, or officer or supervisory employee of an ASSURED not
acting in collusion with an Employee learns of any dishonest act committed by such Employee at any time, whether in
the employment of the ASSURED or otherwise, whether or not such act is of the type covered under this Bond, and whether against the
ASSURED or any other person or entity, the ASSURED:
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a.
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shall immediately remove such Employee from a position that would
enable such Employee to cause the ASSURED to suffer a loss covered by this Bond; and
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b.
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within forty-eight (48) hours of learning that an Employee has committed
any dishonest act, shall notify the COMPANY, of such action and provide full particulars of such dishonest act.
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The COMPANY may terminate coverage as respects any Employee sixty
(60) days after written notice is received by each ASSURED Investment Company and the Securities and Exchange Commission,
Washington, D.C. of its desire to terminate this Bond as to such Employee.
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Other Insurance
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14.
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Coverage under this Bond shall apply only as excess over any valid and collectible insurance,
indemnity or suretyship obtained by or on behalf of:
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a.
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the ASSURED,
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b.
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a Transportation Company, or
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c.
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another entity on whose premises the loss occurred or which employed the
person causing the loss or engaged the messenger conveying the Property involved.
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Conformity
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15.
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If any limitation within this Bond is prohibited by any law controlling this Bond's construction,
such limitation shall be deemed to be amended so as to equal the minimum period of limitation provided by such law.
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Change or Modification
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16.
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This Bond or
any instrument amending or affecting this Bond may not be changed or modified orally. No change in or modification
of this Bond shall be effective except when made by written endorsement to this Bond signed by an authorized representative of the
COMPANY.
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If this Bond
is for a sole ASSURED, no change or modification which would adversely affect the rights of the ASSURED shall be effective prior
to sixty (60) days after written notice has been furnished to the Securities and Exchange Commission, Washington, D.C.,
by the acting party.
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ICAP Bond (5-98)
Form 17-02-1421 (Ed. 5-98)
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Page 18 of 19
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Conditions And Limitations
Change or Modification
(continued)
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If this
Bond is for a joint ASSURED, no charge or modification which would adversely affect the rights
of the ASSURED shall be effective prior to sixty (60) days after written notice has been
furnished to all insured Investment Companies and to the Securities and Exchange Commission,
Washington, D.C., by the COMPANY.
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ICAP Bond (5-98)
Form 17-02-1421 (Ed. 5-98)
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Page 19 of 19
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ENDORSEMENT/RIDER
Effective date of
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this endorsement/rider: July 1, 2021
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FEDERAL INSURANCE
COMPANY
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Endorsement/Rider No.
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1
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To be attached to and
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form a part of Policy No.
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82413347
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Issued to: CREDIT SUISSE FUNDS
COMPLIANCE WITH APPLICABLE
TRADE SANCTION LAWS
It is agreed that this insurance does not apply to the extent that
trade or economic sanctions or other similar laws or regulations prohibit the coverage provided by this insurance.
The title and any headings in this endorsement/rider are solely for
convenience and form no part of the terms and conditions of coverage.
All other terms, conditions and limitations of this Policy shall remain
unchanged.
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Authorized
Representative
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14-02-9228 (2/2010)
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Page 1
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ENDORSEMENT/RIDER
Effective date of
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this endorsement/rider: July 1,
2021
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FEDERAL
INSURANCE COMPANY
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Endorsement/Rider No.
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2
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To be attached to and
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form a part of Bond No.
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82413347
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Issued to: CREDIT SUISSE FUNDS
DELETING VALUATION-OTHER
PROPERTY AND AMENDING CHANGE OR MODIFICATION ENDORSEMENT
In consideration of the premium charged, it is agreed that this Bond
is amended as follows:
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1.
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The paragraph titled Other Property
in Section 9, Valuation, is deleted in its entirety.
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2.
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The third paragraph in Section 16,
Change or Modification, is deleted in its entirety and replaced with the following:
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If this Bond is for a joint ASSURED, no change or modification which would adversely affect the rights
of the ASSURED shall be effective prior to sixty (60) days after written notice has been furnished to all
insured Investment Companies and the Securities and Exchange Commission, Washington, D.C., by the
COMPANY.
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The title and any headings in this endorsement/rider are solely for
convenience and form no part of the terms and conditions of coverage.
All other terms, conditions and limitations of this Bond shall remain
unchanged.
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Authorized
Representative
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17-02-2437 (12/2006) rev.
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Page 1
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FEDERAL INSURANCE COMPANY
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Endorsement No:
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3
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Bond Number:
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82413347
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NAME OF ASSURED: CREDIT SUISSE FUNDS
NAME OF ASSURED ENDORSEMENT
It is agreed that the NAME OF ASSURED in the DECLARATIONS is amended
to read as follows:
Credit Suisse Commodity Return Strategy Fund
Credit Suisse Floating Rate High Income Fund
Credit Suisse Multi alternative Strategy Fund
Credit Suisse Managed
Futures Strategy Fund
Credit Suisse Strategic Income Fund
Credit Suisse Trust Commodity Return Strategy
Credit Suisse High Yield
Bond Fund
Credit Suisse Asset Management Income Fund
This Endorsement applies to loss discovered after 12:01 a.m. on
July 1, 2021.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
Date: July 13, 2021
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By
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Authorized Representative
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ICAP Bond
Form 17-02-0949 (Rev. 1-97)
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Page 1
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ENDORSEMENT/RIDER
Effective date of
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this endorsement/rider: July 1,
2021
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FEDERAL
INSURANCE COMPANY
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Endorsement/Rider No.
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4
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To be attached to and
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form a part of Bond No.
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82413347
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Issued to: CREDIT SUISSE FUNDS
AUTOMATIC INCREASE IN LIMITS
ENDORSEMENT
In consideration of the premium charged, it is
agreed that GENERAL AGREEMENTS, Section C. Additional Offices Or Employees-Consolidation, Merger Or Purchase Or Acquisition Of Assets
Or Liabilities-Notice To Company, is amended by adding the following subsection:
Automatic Increase in Limits for Investment Companies
If an increase in bonding limits is required pursuant to rule 17g-1
of the Investment Company Act of 1940 (“the Act”), due to:
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(i)
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the creation of a new Investment
Company, other than by consolidation or merger with, or purchase or acquisition of assets
or liabilities of, another institution; or
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(ii)
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an increase in asset size of current
Investment Companies covered under this Bond,
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then the minimum required increase in limits shall take place automatically
without payment of additional premium for the remainder of the BOND PERIOD.
The title and any headings in this endorsement/rider are solely for
convenience and form no part of the terms and conditions of coverage.
All other terms, conditions and limitations of
this Bond shall remain unchanged.
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Authorized
Representative
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14-02-14098 (04/2008)
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Page 1
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IMPORTANT NOTICE TO POLICYHOLDERS
All of the members
of the Chubb Group of Insurance companies doing business in the United States (hereinafter “Chubb”) distribute their products
through licensed insurance brokers and agents (“producers”). Detailed information regarding the types of compensation paid
by Chubb to producers on US insurance transactions is available under the Producer Compensation link located at the bottom of the page at
www.chubb.com, or by calling 1-866-588-9478. Additional information may be available from your producer.
Thank you for choosing Chubb.
Resolutions for All
Funds on Appendix A
RESOLUTIONS
Annual Review and Approval of Fidelity Bond
Coverage
RESOLVED, that it is the finding of the
Trustees of the Funds that the amount of the fidelity bond written by Chubb Group of Insurance Companies (the “Bond”) covering,
among others, officers and employees of the Funds, in accordance with the requirements of Rule 17g-1 (the “Rule”) promulgated
by the SEC under Section 17(g) of the 1940 Act, be $7.25 million, plus such additional amounts as required for any new investment
companies (or portfolios thereof) added to the Bond or as otherwise required under the 1940 Act, is reasonable in form and amount after
having given due consideration to, among other things, the value of the aggregate assets of the Funds to which any person covered under
the Bond may have access, the type and terms of the arrangements made for the custody and safekeeping of the Funds' assets, the nature
of the securities in the Funds' portfolios, the number of other parties named as insured parties under the Bond and the nature of the
business activities of the other parties; and further
RESOLVED, that the estimated premium to
be paid by each Fund under the Bond be, and hereby is, approved by vote of a majority of the Board of Trustees of a Fund (all Trustees
voting) and separately by a majority of the Independent Trustees, after having given due consideration to, among other things, the number
of other parties insured under the Bond, the nature of business activities of those other parties, the amount of the Bond and the extent
to which the share of the premium allocated to a Fund under the Bond is less than the premium the Fund would have had to pay had it maintained
a single insured bond; and further
RESOLVED, that the Bond be, and hereby
is, approved by vote of a majority of the Board of Trustees of each Fund (all Trustees voting) and separately by the "Independent"
Trustees; and further
RESOLVED, that the officers of each Fund
be, and each hereby is, authorized and directed to enter into an agreement, as required by paragraph (f) of the Rule promulgated
by the SEC under the 1940 Act, with the other named insureds under the Bond providing that in the event any recovery is received under
the Bond as a result of a loss sustained by the Funds and also by one or more of the other named insureds, the Funds shall receive an
equitable and proportionate share of the recovery, but in no event less than the amount it would have received had it provided and maintained
a single insured bond with the minimum coverage required by paragraph (d)(1) of the Rule; and further
RESOLVED, that the appropriate officers
of each Fund be, and they hereby are, authorized and directed to prepare, execute, and file such amendments and supplements to the aforesaid
agreement, and to take such other action as may be necessary or appropriate in order to conform to the provisions of the 1940 Act, and
the rules and regulations thereunder; and further
RESOLVED, that the Secretary of each Fund
shall file the Bond with the SEC and give the notices required under paragraph (g) of the Rule.
Appendix A
Credit Suisse Commodity Strategy Funds
Credit Suisse Commodity Return
Strategy Fund
Credit Suisse Opportunity Funds
Credit Suisse Floating Rate
High Income Fund
Credit Suisse Managed Futures
Strategy Fund
Credit Suisse Multialternative
Strategy Fund
Credit Suisse Strategic Income
Fund
Credit Suisse Trust
Commodity Return Strategy
Portfolio
Credit Suisse Asset Management Income Fund, Inc.
Credit Suisse High Yield Bond Fund
AMENDED AND RESTATED
AGREEMENT CONCERNING ALLOCATION OF
FIDELITY BOND PREMIUMS AND RECOVERIES
Amended and Restated Agreement
dated the 1st day of July 2021 among each Fund listed on Schedule A (collectively, the "Funds").
WHEREAS, each Fund is a named
insured under a fidelity bond (the "Bond") written by Chubb Group of Insurance Companies (the "Insurer") in the amount
of $7.25 million; and
WHEREAS, the Funds desire to
enter into an agreement pursuant to Rule 17g-1(f) under the Investment Company Act of 1940, as amended (the "1940 Act");
NOW, THEREFORE, the Funds do hereby agree
as follows:
1. The
premium payable on the Bond by each Fund shall be allocated in proportion to each Fund's average net assets.
2. In
the event that recovery is received under the Bond as a result of a loss sustained by a Fund and one or more other Funds, such Fund shall
receive a share of the recovery at least equal to the amount which it would have received had it provided and maintained a separate fidelity
bond under Rule 17g-1(d) under the 1940 Act ("Separate Bond").
3. In
the event that the claims of loss of the Funds are so related that the Insurer is entitled to assert that the claims must be aggregated
with the results that the total amount payable on such claims is limited to the face amount of the Bond, the following rules for
determining the priorities among the Funds for satisfaction of the claims under the Bond shall apply:
A. First,
all claims of each Fund which have been duly proven and established under the Bond shall be satisfied up to the minimum amount of a Separate
Bond for such Fund; and
B. Second,
the remaining amount of insurance, if any, shall then be applied to the claims of the Funds in proportion to the total of the unsatisfied
amount of the claims of each Fund.
4. If
the Funds' investment adviser, distributor or an affiliate of either in the future serves as investment adviser, sub-investment adviser,
administrator or distributor to any other investment company (an "Additional Fund"), and if the Insurer is willing to add the
Additional Fund as a named insured under the Bond, such Additional Fund shall become subject to this Agreement upon addition to the Bond
and notice of such addition shall be given to each of the Funds hereunder; provided, however, that the amount of the Bond is increased
by an amount not less than the minimum amount which would have been required for the Additional Fund to obtain under Rule 17g-1(d) under
the 1940 Act.
5. Attached
hereto as Schedule B is a list of the assets of each of the Funds as of the end of the respective Fund's last fiscal quarter, together
with an indication of the minimum bond that would be provided and maintained under Rule 17g-1(d) under the 1940 Act for a fund
with assets of that amount.
IN WITNESS WHEREOF, each Fund
has caused this Agreement to be executed by one of its officers thereunto duly authorized as of the date first above written.
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THE FUNDS LISTED ON SCHEDULE A
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By:
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/s/Karen Regan
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Name:
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Karen Regan
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Title:
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Secretary
|
Schedule A
Credit Suisse Commodity Strategy Funds
Credit Suisse Commodity Return
Strategy Fund
Credit Suisse Opportunity Funds
Credit Suisse Floating Rate
High Income Fund
Credit Suisse Managed Futures
Strategy Fund
Credit Suisse Multialternative
Strategy Fund
Credit Suisse Strategic Income
Fund
Credit Suisse Trust
Commodity Return Strategy
Portfolio
Credit Suisse Asset Management Income Fund, Inc.
Credit Suisse High Yield Bond Fund
Schedule B
INSURED BOND ANALYSIS
Fidelity Bond Coverage Requirements
5/31/2021
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Gross Assets as of
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Y/E
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5/31/2021
|
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Insurance Amount
|
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Open-end Funds
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October YE
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Credit Suisse Commodity Return Strategy Fund
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31-Oct
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2,062,961,624.00
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1,700,000.00
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Credit Suisse Floating Rate High Income Fund
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31-Oct
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3,138,527,630.00
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2,100,000.00
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|
Credit Suisse Multialternative Strategy Fund
|
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31-Oct
|
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39,339,438.00
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350,000.00
|
|
Credit Suisse Managed Futures Strategy Fund
|
|
31-Oct
|
|
388,369,612.00
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750,000.00
|
|
Credit Suisse Strategic Income Fund
|
|
31-Oct
|
|
468,771,528.00
|
|
750,000.00
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|
|
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December YE
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|
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Credit Suisse Trust
|
|
|
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Commodity Return Strategy
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31-Dec
|
|
591,894,651.00
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|
900,000.00
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|
Sub-total
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|
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6,689,864,483.00
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6,550,000.00
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|
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Closed-end Funds
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|
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|
|
|
|
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Credit Suisse Asset Management Income Fund
|
|
31-Dec
|
|
243,770,309.00
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|
600,000.00
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|
Credit Suisse High Yield Bond Fund
|
|
31-Oct
|
|
363,275,870.00
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|
750,000.00
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|
Sub-total
|
|
|
|
607,046,179.00
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1,350,000.00
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|
|
|
|
|
|
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Total
|
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7,296,910,662.00
|
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7,900,000.00
|
|
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