Credit Suisse Asset Management, LLC, (the “Registrant” and together with its affiliates “Credit Suisse” or “CS”) is an indirect wholly owned subsidiary of Credit Suisse Group AG, a publicly- owned foreign bank holding company based in Switzerland. The Registrant was organized in 1999, and managed on a discretionary basis approximately $65.37 billion of regulatory assets under management as of December 31, 2022. The Registrant’s portfolio management teams provide discretionary and non-discretionary investment advice to various types of advisory clients, including:  U.S. registered and foreign investment companies.  private pooled investment vehicles that may be organized as domestic and offshore limited partnerships, limited liability companies or similar investment vehicles; structured investments vehicles, such as collateralized loan obligations (“CLOs”); special purpose vehicles; alternative investment vehicles; co-investment vehicles; and single investor funds (collectively, “Funds”).  separately managed accounts for various types of clients, including public and private pension plans, corporations, not for profits, insurance companies, high net worth individuals and other business entities. These advisory clients are referred to broadly as “clients” in this brochure. The Funds’ underlying investors are generally either accredited investors and qualified purchasers or non-U.S. persons, depending on the eligibility requirements of the particular Fund. Those investors, who may receive a copy of this brochure, are not clients of the Registrant for purposes of the federal securities laws with respect to their Fund investment. The Registrant’s portfolio management teams employ different strategies in providing investment advice depending on the type of client and strategy employed. The Registrant may offer advice on a variety of investments, including investments in hedge funds, private placements, venture and post-venture capital companies, commodities, futures, options, debt securities issued by foreign governments, foreign governmental agencies and supranational organizations, debt securities issued by U.S. and non-U.S. corporations, debt securities issued by U.S. municipalities, securitizations, loans and equity investments in CLOs, U.S. equities, emerging markets equities, international equities, run-off property and casualty business, and private equity investments. The Registrant does not provide tax services, including any form of tax advice. The Registrant’s investment strategies are offered through various channels. Some investment strategies are sold through affiliates of the Registrant, including Credit Suisse Securities (USA) LLC (“CSSU”). Certain other investment strategies are offered through third-party platforms or placement agents, while portfolio management and investment advice is provided by the Registrant. The Registrant also provides discretionary investment management to high net worth individuals, trusts and other investors though wrap fee programs or dual contract programs sponsored by broker-dealers or other financial institutions. In such programs, the sponsor provides a platform where investors can chose a variety of service providers to invest and manage their account. Generally, clients in a wrap program also pay to the program sponsor one bundled or “wrapped” fee that covers investment management, trade execution, custodial and other fees. In a wrap fee program, an investor enters into an advisory agreement with the sponsor and the sponsor enters into a separate master agreement with the Registrant. In a dual contract program, a participant enters into an investment advisory agreement with the sponsor and a separate agreement with the Registrant. In cases where the Registrant is an investment advisor to a wrap or dual contract account, these accounts are generally managed in the same manner as other accounts that follow the same strategy. The Registrant is paid an investment management fee based on the amount of assets it manages in the wrap program by the wrap program’s sponsor. In dual contract accounts, fees and payment are governed by the agreement that the client executes directly with the Registrant. For the strategy offered to wrap program clients, the Registrant only effects transactions in municipal fixed income securities and U.S. Treasury debt. Wrap program participants should refer to Item 5, subsection “Wrap Programs” for information regarding the trading costs as they will not receive the same trading cost benefits typically associated with equity based strategies in a wrap program. The Registrant does not undertake any initial or ongoing responsibility to assess for any wrap program client the value of the services provided by the wrap sponsor. For wrap program clients, the sponsors are responsible for determining the suitability and eligibility of potential participants (including any applicable investor qualifications) in the investment strategy selected. You should assess the arrangement between the Registrant and the third-party platform or consultant when considering whether to invest in a strategy offered by the Registrant, as the fee structure and the potential conflicts of interest with the Registrant and its affiliates may vary depending on the particular arrangement. For additional information concerning fees payable by the Registrant’s clients and the interests of the Registrant and its affiliates in client transactions, see Items 5 and 10 below. For additional information about brokerage arrangements, see Item 12 below. Subject to the requirements of applicable law and the consent of each client, the Registrant may invest client assets in Funds managed by the Registrant or its affiliates (“Participating Funds”) which, in turn, purchase securities or other assets. The management and control of each Fund is vested exclusively in its general partner, investment manager or other similar managing entity (each, a “General Partner”), which generally is the Registrant or one of its affiliates. An investment opportunity may involve one or more other clients co-investing in a company (a “Portfolio Company”). Except as expressly provided otherwise in the applicable partnership agreement or investment management agreement, any investment in one class or series of securities of a Portfolio Company pursuant to any investment opportunity, generally, shall be made by the participating clients directly or through a single Fund, and all clients shall participate in such investment on the same terms. However, to the extent necessary or desirable to address accounting, tax or regulatory considerations, any such investment may be made in one class or series of securities of a Portfolio Company pursuant to a single investment opportunity in part as a Fund or other client investment, and in part as a parallel investment or in whole or in any part as an investment directly by the client and/or through one or more Funds, including special investment vehicles. If such Funds are used to make an investment, the interests of a limited partner, member or similar investor (each, a “Limited Partner”) in such vehicle will generally be structured in such a manner that would

be reasonably expected to preserve in all material respects the overall economic relationship of the Limited Partners. The following is a description of the strategies employed by the Registrant’s various portfolio management teams: Quantitative Investment Strategies (“QIS”) QIS is a provider of liquid alternative and factor-based investing benchmarks and solutions. The group employs a rigorous, research-based investment process to manage both benchmark relative and absolute return investment strategies. Credit Investments Group (“CIG”) CIG specializes in the management of portfolios of leveraged loans (first and second lien senior secured loans), high-yield bonds, private credit instruments, and structured credit investments (e.g., rated and unrated debt or equity tranches of CLOs) in credit markets across a broad spectrum of products, including CLOs, separate accounts, registered investment companies and other commingled vehicles. Municipal Fixed Income Group (“MFIG”) The MFIG strategy places a primary focus on safety and capital preservation, while simultaneously generating tax-efficient income for their client portfolios. The team employs an active approach to take advantage of opportunities presented in the municipal bond market. The strategy was started over 30 years ago and is still run by the original founder. The strategy invests in investment-grade municipal bonds. The team conducts fundamental analysis to identify sectors of the market that appear undervalued and have potential to outperform. Portfolios are customized to suit each individual client’s investment parameters, risk tolerances, income needs, and tax specifications. Commodities Within its Enhanced Total Commodity Return Strategy, the Registrant’s Commodities portfolio management team follows an enhanced index investment approach employing the use of futures, swaps, or structured notes to gain the majority of the exposure to the commodities markets while primarily identifying inefficiencies (i) in the benchmark index construction process or (ii) between contracts of differing maturities of the same underlying commodity. The team believes that this approach offers an efficient way to gain indexed commodities exposure with a low tracking risk, therefore adding value compared to the benchmark. The platform, therefore, provides efficient commodities exposure through the creation and management of a commodity-linked derivatives portfolio tailored to the appropriate benchmark to meet specific needs. The Commodities team manages the underlying cash collateral in a conservative investment strategy designed to provide exposure to high quality, short duration fixed income instruments. The collateral portfolio generally contains U.S. Treasury or U.S. Agency debt with an overall portfolio duration of less than one year. Within its ACCESS Total Commodity Return Strategy, the portfolio management team takes an active approach to commodity investing. This strategy is a multi-factor approach that uses research based on economic intuition and historical analysis combined with qualitative research into the commodity markets with the goal of actively outperforming the underlying index. The strategy maintains the team’s pure play approach to commodity investing and seeks to avoid any unintended risk through the addition of material duration, and credit risk into the portfolio. The collateral portfolio generally contains U.S. Treasury or U.S. Agency debt with an overall portfolio duration of less than one year. The Risk Parity Total Commodity Return Strategy seeks to provide exposure to a risk-adjusted commodity strategy using commodity futures. Target exposures are determined by attempting to equalize risk contribution, first at the commodity level within a sector and then across sectors. Additionally, the strategy seeks to add value over the stated benchmark through management of the futures roll and term structure selection. The cash portfolio generally contains U.S. Treasury or U.S. Agency debt with an overall portfolio’s duration of less than one year. The Dynamic Alpha Commodity Strategy seeks a high level of capital appreciation by investing in the commodity markets using quantitative and fundamental analysis while maintaining relatively low volatility and low net commodity exposure. The strategy utilizes a variety of alpha themes focused on valuation and fundamentals of commodities and commodity contracts of different maturities, with a core focus on relative value. The collateral portfolio generally contains U.S. Treasury or U.S. Agency debt. Insurance Linked Strategies (“ILS”) – Property and Casualty ILS seeks to earn attractive risk-adjusted returns through the direct or indirect acquisition of discontinued (i.e., “run-off”) property and casualty business from insurers, reinsurers and/or other entities (including, without limitation, self-insured organizations) at attractive pricing and the efficient management of the payment of future claims and the assets supporting such liabilities and make investments in other forms of insurance linked assets. ILS’s focus generally excludes the market that represents catastrophe-related risk. The Registrant has engaged a non-affiliated sub- adviser to perform certain advisory services in connection with this strategy. Mexico The Registrant provides investment advisory services, as sub-advisor, to three publicly offered registered investment trusts under Mexican law that are focused on credit opportunities in the Mexican market (the "AM Mexico Funds"). The primary investment objective of the AM Mexico Funds is to invest in a portfolio of debt-type and real estate debt-type assets or financings granted to persons incorporated or domiciled in Mexico, or in respect of which the proceeds thereof are primarily used to finance activities in Mexico. The AM Mexico Funds aim to construct and maintain a diversified portfolio with respect to the credit market and structural risks, which seeks to provide a balanced combination of income derived from interest payments, capital appraisal, capital participations, or in the improvement of the issuer. NEXT The Funds advised by the Registrant’s NEXT investment team invest in growth equity opportunities in private companies in the financial services and technology sectors that are primarily located in the U.S. and Western Europe leveraging the sourcing channels and domain expertise of the broader CS organization. Employee Plans Team The Funds created by the Employee Plans Team are structured to invest in: (i) a mirror-image portfolio with another Fund and to dispose of investments made in “lock step” with such Fund; (ii) one or more particular classes or series of securities of a Portfolio Company, another Fund or an existing investment portfolio; or (iii) certain types of investment opportunities as described in the Fund’s offering memorandum with the actual investments identified by the Registrant and made during a designated commitment or similar period. Legacy Strategies The Registrant’s legacy team provides investment advisory services to various existing Funds that are structured as funds-of-funds or feeder funds, which pursue their investment objectives by investing in Participating Funds. These Funds are generally not available for new investment.