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CREDIT SUISSE HIGH YIELD CREDIT FUND

Regulatory Filings Mar 23, 2009

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N-Q 1 a09-6731_10nq.htm N-Q

*UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549*

*FORM N-Q*

*QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY*

| Investment
Company Act file number | |
| --- | --- |
| CREDIT
SUISSE HIGH YIELD BOND FUND | |
| (Exact name of registrant as specified in charter) | |
| c/o Credit Suisse Asset Management, LLC Eleven Madison Avenue New York, New York | 10010 |
| (Address of principal executive offices) | (Zip code) |
| J. Kevin Gao, Esq. Eleven Madison Avenue New York, New York 10010 | |
| (Name and address of agent for service) | |
| Registrant’s
telephone number, including area code: | (212)
325-2000 |
| Date of
fiscal year end: | October 31st |
| Date of
reporting period: | November 1,
2008 to January 31, 2009 |

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Item 1: Schedule of Investments

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*Credit Suisse High Yield Bond Fund*

*Schedule of Investments*

January 31, 2009 (unaudited)

Par (000) Ratings † (S&P/Moody’s) Maturity Rate% Value
U.S.
CORPORATE BONDS (111.3%)
Aerospace &
Defense (1.2%)
$ 575 BE Aerospace, Inc.,
Senior Unsecured Notes (Callable 07/01/13 @ $104.25) (BB+,
Ba3) 07/01/18 8.500 $ 541,938
625 Hawker Beechcraft
Acquisition Co., Global Company Guaranteed Notes (Callable 04/01/11 @
$104.44) (B-,
B3) 04/01/15 8.875 159,375
1,275 Hawker Beechcraft
Acquisition Co., Global Company Guaranteed Notes (Callable 04/01/12 @
$104.88) (B-,
Caa1) 04/01/17 9.750 235,875
325 TransDigm, Inc.,
Global Company Guaranteed Notes (Callable 07/15/09 @ $105.81) (B-,
B3) 07/15/14 7.750 294,125
1,231,313
Agriculture (0.5%)
550 Southern States
Cooperative, Inc., Rule 144A, Senior Notes (Callable 11/01/09 @
$100.00)‡ (B-,
B3) 11/01/10 11.000 486,750
Auto
Loans (6.4%)
725 Ford Motor Credit Co.
LLC, Global Senior Unsecured Notes (CCC+,
Caa1) 06/15/10 7.875 599,032
2,900 Ford Motor Credit Co.
LLC, Global Senior Unsecured Notes (CCC+,
Caa1) 10/01/13 7.000 1,806,975
325 Ford Motor Credit Co.
LLC, Senior Unsecured Notes (CCC+,
Caa1) 08/10/11 9.875 241,775
1,225 Ford Motor Credit Co.
LLC, Senior Unsecured Notes (CCC+,
Caa1) 12/15/16 8.000 734,421
2,390 GMAC LLC,
Rule 144A, Company Guaranteed Notes‡ (CCC,
NR) 03/02/11 7.250 1,930,656
744 GMAC LLC,
Rule 144A, Company Guaranteed Notes‡ (CCC,
NR) 04/01/11 6.000 565,142
47 GMAC LLC,
Rule 144A, Company Guaranteed Notes‡ (CCC,
NR) 12/15/11 6.000 34,791
99 GMAC LLC,
Rule 144A, Company Guaranteed Notes‡ (CCC,
NR) 12/31/13 7.500 58,456
1,007 GMAC LLC,
Rule 144A, Company Guaranteed Notes‡ (CCC,
NR) 12/01/14 6.750 655,169
119 GMAC LLC,
Rule 144A, Subordinated Notes‡ (CC,
NR) 12/31/18 8.000 47,047
6,673,464
Auto
Parts & Equipment (3.7%)
975 Altra Industrial
Motion, Inc., Global Senior Secured Notes (Callable 12/01/09 @ $102.25) (B+,
B1) 12/01/11 9.000 945,750
775 American
Axle & Manufacturing, Inc., Company Guaranteed Notes (Callable
03/01/12 @ $103.94) (CCC-,
Caa2) 03/01/17 7.875 162,750
1,200 American Tire Distributors
Holdings, Inc., Global Senior Notes (Callable 04/01/09 @ $105.38) (CCC+,
Caa1) 04/01/13 10.750 912,000
750 Lear Corp.,
Series B, Global Company Guaranteed Notes (Callable 12/01/10 @ $104.25) (CCC,
Caa2) 12/01/13 8.500 176,250
800 Stanadyne Corp.,
Series 1, Global Senior Subordinated Notes (Callable 08/15/09 @ $105.00) (B-,
B3) 08/15/14 10.000 548,000
525 Tenneco, Inc.,
Global Company Guaranteed Notes (Callable 11/15/09 @ $104.31) (B-,
Caa2) 11/15/14 8.625 162,750
848 The Goodyear
Tire & Rubber Co., Global Company Guaranteed Notes (Callable
07/01/10 @ $104.50) (BB-,
B1) 07/01/15 9.000 786,520
193 Visteon Corp., Global
Senior Unsecured Notes (CCC-,
Caa3) 08/01/10 8.250 35,705
498 Visteon Corp.,
Rule 144A, Senior Unsecured Notes (Callable 12/31/13 @ $105.00)‡ (CCC-,
Caa2) 12/31/16 12.250 57,270
3,786,995
Automotive (1.0%)
1,970 Ford Motor Co.,
Global Senior Unsecured Notes (CCC-,
Ca) 07/16/31 7.450 443,250
925 General Motors Corp.,
Global Senior Unsecured Notes (C,
C) 01/15/11 7.200 191,938
2,750 General Motors Corp.,
Senior Unsecured Notes (C,
C) 07/15/13 7.125 446,875
1,082,063
Beverages (0.6%)
675 Constellation
Brands, Inc., Company Guaranteed Notes (BB-,
Ba3) 09/01/16 7.250 648,000
Brokerage (0.2%)
475 E*TRADE Financial
Corp., Global Senior Notes (Callable 06/15/09 @ $102.00) (B,
B2) 06/15/11 8.000 220,875
Building &
Construction (1.1%)
1,425 Ashton Woods
USA/Finance, Global Company Guaranteed Notes (Callable 10/01/10 @ $104.75)ø (D,
C) 10/01/15 9.500 220,875
625 K Hovnanian
Enterprises, Inc., Global Company Guaranteed Notes (CCC,
Caa1) 01/15/16 6.250 184,375
900 Standard Pacific
Corp., Global Company Guaranteed Notes (B-,
B2) 08/15/15 7.000 481,500

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Par (000) Ratings † (S&P/Moody’s) Maturity Rate% Value
U.S.
CORPORATE BONDS
Building &
Construction
$ 1,000 William Lyon Homes, Inc.,
Company Guaranteed Notes (Callable 04/15/09 @ $105.38) (CCC-,
Caa3) 04/01/13 10.750 $ 255,000
1,141,750
Building
Materials (3.7%)
1,000 Associated
Materials, Inc., Global Senior Discount Notes (Callable 03/01/09 @ $105.62)+ (CCC,
Caa2) 03/01/14 0.000 455,000
700 Building Materials
Corp. of America, Global Secured Notes (Callable 08/01/09 @ $103.88) (B+,
B3) 08/01/14 7.750 465,500
650 Coleman
Cable, Inc., Global Company Guaranteed Notes (Callable 10/01/09 @
$102.47) (B+,
B2) 10/01/12 9.875 438,750
750 CPG International
I, Inc., Global Company Guaranteed Notes (Callable 07/01/09 @ $105.25) (B,
B3) 07/01/13 10.500 423,750
500 Dayton Superior
Corp., Company Guaranteed Notes (CC,
Caa3) 06/15/09 13.000 286,250
625 General Cable Corp.,
Global Company Guaranteed Notes (Callable 04/01/09 @ $102.00)# (B+,
B1) 04/01/15 3.810 421,875
325 Norcraft Finance
Corp., Global Company Guaranteed Notes (Callable 11/01/09 @ $100.00) (B+,
B1) 11/01/11 9.000 287,625
250 Norcraft Holdings,
Global Senior Discount Notes (Callable 09/01/09 @ $102.44) (B-,
B3) 09/01/12 9.750 193,750
825 Nortek, Inc.,
Global Senior Subordinated Notes (Callable 09/01/09 @ $104.25) (CCC,
Caa1) 09/01/14 8.500 173,250
1,000 NTK
Holdings, Inc., Global Senior Discount Notes (Callable 09/01/09 @
$105.38)+ (CCC,
Caa2) 03/01/14 0.000 120,000
525 Ply Gem
Industries, Inc., Global Company Guaranteed Notes (Callable 02/15/09 @
$102.25) (CCC,
Caa2) 02/15/12 9.000 147,000
750 Ply Gem
Industries, Inc., Global Senior Secured Notes (Callable 04/01/11 @
$105.88) (B-,
B2) 06/15/13 11.750 420,000
3,832,750
Chemicals (3.4%)
650 Chemtura Corp.,
Company Guaranteed Notes (CCC,
B3) 06/01/16 6.875 214,500
550 Koppers
Holdings, Inc., Global Senior Discount Notes (Callable 11/15/09 @
$104.94)+ (B-,
B2) 11/15/14 0.000 457,188
1,125 Momentive Performance
Materials, Inc., Global Company Guaranteed Notes (Callable 12/01/10 @
$104.88) (B-,
B3) 12/01/14 9.750 500,625
1,050 Momentive Performance
Materials, Inc., Global Company Guaranteed Notes (Callable 12/01/11 @
$105.75) (CCC,
Caa2) 12/01/16 11.500 262,500
275 Nalco Co., Global
Company Guaranteed Notes (Callable 11/15/09 @ $103.00) (B,
B3) 11/15/13 9.000 296,026
575 Nalco Finance
Holdings, Inc., Global Senior Discounted Notes (Callable 02/01/09 @
$104.50)+ (B,
B3) 02/01/14 0.000 461,437
725 PolyOne Corp., Senior
Unsecured Notes (B,
B1) 05/01/12 8.875 322,625
1,175 Reichhold
Industries, Inc., Rule 144A, Senior Notes (Callable 08/15/10 @
$104.50)‡ (B-,
B2) 08/15/14 9.000 804,875
275 Terra
Capital, Inc., Series B, Global Company Guaranteed Notes (Callable
02/01/12 @ $103.50) (BB,
B1) 02/01/17 7.000 251,625
3,571,401
Computer
Hardware (0.7%)
825 Activant
Solutions, Inc., Global Company Guaranteed Notes (Callable 05/01/11 @
$104.75) (CCC+,
Caa1) 05/01/16 9.500 433,125
450 Affiliated Computer
Services, Inc., Senior Unsecured Notes (BB,
Ba2) 06/01/15 5.200 336,375
769,500
Consumer
Products (2.5%)
950 AAC Group Holding
Corp., Rule 144A, Senior Unsecured Notes (Callable 10/01/09 @ $102.56)‡ (CCC+,
Caa2) 10/01/12 10.250 641,250
1,625 Amscan
Holdings, Inc., Global Senior Subordinated Notes (Callable 05/01/09 @
$104.38) (CCC+,
Caa1) 05/01/14 8.750 975,000
500 Jarden Corp., Company
Guaranteed Notes (Callable 05/01/12 @ $103.75) (B,
B3) 05/01/17 7.500 362,500

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Par (000) Ratings † (S&P/Moody’s) Maturity Rate% Value
U.S.
CORPORATE BONDS
Consumer
Products
$ 640 Prestige
Brands, Inc., Global Senior Subordinated Notes (Callable 04/15/09 @
$102.31) (B-,
B3) 04/15/12 9.250 $ 598,400
2,577,150
Diversified
Capital Goods (2.5%)
925 Esco Corp.,
Rule 144A, Company Guaranteed Notes (Callable 12/15/09 @ $101.00)#‡ (B,
B2) 12/15/13 5.871 605,875
100 Esco Corp.,
Rule 144A, Company Guaranteed Notes (Callable 12/15/10 @ $104.31)‡ (B,
B2) 12/15/13 8.625 78,500
850 RBS Global &
Rexnord Corp., Global Company Guaranteed Notes (Callable 08/01/10 @ $104.75) (B-,
B3) 08/01/14 9.500 735,250
425 Sensus Metering
Systems, Inc., Global Senior Subordinated Notes (Callable 12/15/09 @
$102.87) (B-,
B3) 12/15/13 8.625 333,625
600 Titan
International, Inc., Global Company Guaranteed Notes (B-,
Caa1) 01/15/12 8.000 507,000
738 TriMas Corp., Global
Company Guaranteed Notes (Callable 06/15/09 @ $101.65) (B-,
Caa1) 06/15/12 9.875 372,690
2,632,940
Electric
- Generation (10.5%)
350 Dynegy
Holdings, Inc., Global Senior Unsecured Notes (B,
B2) 06/01/15 7.500 280,000
1,825 Dynegy
Holdings, Inc., Global Senior Unsecured Notes (B,
B2) 05/01/16 8.375 1,496,500
1,175 Edison Mission
Energy, Global Senior Unsecured Notes (BB-,
B1) 05/15/17 7.000 1,098,625
300 Edison Mission
Energy, Global Senior Unsecured Notes (BB-,
B1) 05/15/19 7.200 273,750
438 Midwest Generation
LLC, Series B, Global Pass Thru Certificates (BB+,
Baa3) 01/02/16 8.560 427,313
1,025 Mirant Americas
Generation LLC, Senior Unsecured Notes (B-,
B3) 10/01/21 8.500 876,375
25 Mirant Americas
Generation, LLC, Senior Unsecured Notes (B-,
B3) 05/01/11 8.300 24,688
447 Mirant Mid Atlantic
LLC, Series B, Global Pass Thru Certificates (BB,
Ba1) 06/30/17 9.125 366,756
350 NRG
Energy, Inc., Company Guaranteed Notes (Callable 01/15/12 @ $103.69) (B,
B1) 01/15/17 7.375 329,000
550 NRG Energy, Inc.,
Company Guaranteed Notes (Callable 02/01/11 @ $103.69) (B,
B1) 02/01/16 7.375 525,250
100 Reliant
Energy, Inc., Senior Unsecured Notes (B+,
B1) 06/15/14 7.625 82,250
175 Reliant
Energy, Inc., Senior Unsecured Notes (B+,
B1) 06/15/17 7.875 142,625
4,900 Texas Competitive
Electric Holdings Co., LLC, Series A, Global Company Guaranteed Notes
(Callable 11/01/11 @ $105.13)+ (CCC,
B3) 11/01/15 10.250 3,650,500
1,225 The AES Corp., Global
Senior Unsecured Notes (BB-,
B1) 10/15/17 8.000 1,157,625
175 The AES Corp., Senior
Unsecured Notes (BB-,
B1) 03/01/14 7.750 167,563
10,898,820
Electric
- Integrated (0.3%)
350 PNM
Resources, Inc., Unsecured Notes (BB-,
Ba2) 05/15/15 9.250 316,750
Electronics (2.5%)
950 Amkor
Technology, Inc., Global Senior Notes (Callable 05/15/09 @ $102.58) (B+,
B1) 05/15/13 7.750 554,563
111 Ampex Corp., Senior
Secured Notes^ (NR,
NR) 09/30/09 12.000 90,089
1,325 Freescale Semiconductor, Inc.,
Company Guaranteed Notes (C,
Caa3) 12/15/16 10.125 238,500
275 Jabil
Circuit, Inc., Global Senior Unsecured Notes (BB-,
Ba1) 03/15/18 8.250 211,750
1,000 Sanmina-SCI Corp.,
Global Company Guaranteed Notes (Callable 03/01/09 @ $103.38) (B-,
B3) 03/01/13 6.750 495,000
250 Sanmina-SCI Corp.,
Senior Subordinated Notes (Callable 03/01/11 @ $104.06) (B-,
B3) 03/01/16 8.125 108,750
1,200 Viasystems, Inc.,
Global Senior Unsecured Notes (Callable 01/15/10 @ $100.00) (B+,
Caa1) 01/15/11 10.500 882,000
2,580,652
Energy
- Exploration & Production (5.8%)
725 Berry Petroleum Co.,
Senior Subordinated Notes (Callable 11/01/11 @ $104.13) (B+,
B3) 11/01/16 8.250 382,438
150 Chesapeake Energy
Corp., Company Guaranteed Notes (BB,
Ba3) 07/15/13 7.625 138,750
300 Chesapeake Energy
Corp., Company Guaranteed Notes (BB,
Ba3) 12/15/18 7.250 252,750
1,050 Chesapeake Energy
Corp., Global Company Guaranteed Notes (Callable 01/15/10 @ $102.29) (BB,
Ba3) 01/15/16 6.875 905,625
1,000 Encore Acquisition
Co., Company Guaranteed Notes (Callable 12/01/10 @ $103.63) (B,
B1) 12/01/17 7.250 810,000

SEQ.=1,FOLIO='',FILE='C:\JMS\c900225\09-6731-10\task3429525\6731-10-bi-01.htm',USER='c900225',CD='Mar 17 22:20 2009'

Par (000) Ratings † (S&P/Moody’s) Maturity Rate% Value
U.S.
CORPORATE BONDS
Energy
- Exploration & Production
$ 450 Forest Oil Corp.,
Rule 144A, Company Guaranteed Notes (Callable 06/15/12 @ $103.63)‡ (B+,
B1) 06/15/19 7.250 $ 376,875
525 Hilcorp Energy I,
Rule 144A, Senior Unsecured Notes (Callable 06/01/11 @ $104.50)‡ (BB-,
B3) 06/01/16 9.000 430,500
800 Mariner
Energy, Inc., Company Guaranteed Notes (Callable 05/15/12 @ $104.00) (B+,
B3) 05/15/17 8.000 516,000
950 PetroHawk Energy
Corp., Rule 144A, Company Guaranteed Notes (Callable 06/01/12 @
$103.94)‡ (B,
B3) 06/01/15 7.875 800,375
625 Plains
Exploration & Production Co., Company Guaranteed Notes (Callable
06/15/11 @ $103.88) (BB,
B1) 06/15/15 7.750 569,531
500 Range Resources
Corp., Company Guaranteed Notes (Callable 10/01/12 @ $103.75) (BB,
Ba3) 10/01/17 7.500 466,250
475 Swift Energy Co,
Company Guaranteed Notes (Callable 06/01/12 @ $103.56) (B-,
B1) 06/01/17 7.125 320,625
5,969,719
Environmental (0.6%)
800 Waste
Services, Inc., Global Senior Subordinated Notes (Callable 04/15/09 @
$104.75) (B-,
Caa1) 04/15/14 9.500 620,000
Food &
Drug Retailers (0.8%)
925 Duane
Reade, Inc., Global Company Guaranteed Notes (Callable 08/01/09 @
$102.44) (CCC-,
Caa3) 08/01/11 9.750 504,125
75 Stater Brothers
Holdings, Inc., Global Company Guaranteed Notes (Callable 04/15/11 @
$103.88) (B+,
B2) 04/15/15 7.750 69,000
300 Stater Brothers
Holdings, Inc., Global Company Guaranteed Notes (Callable 06/15/09 @
$102.03) (B+,
B2) 06/15/12 8.125 298,500
871,625
Food
- Wholesale (0.9%)
250 Dole Food
Co., Inc., Global Company Guaranteed Notes (B-,
Caa2) 05/01/09 8.625 236,875
175 Dole Food
Co., Inc., Global Company Guaranteed Notes (Callable 03/15/09 @ $100.00) (B-,
Caa2) 03/15/11 8.875 132,125
800 Smithfield
Foods, Inc., Senior Unsecured Notes (B,
B3) 07/01/17 7.750 546,000
915,000
Forestry &
Paper (3.1%)
478 Boise Cascade LLC,
Global Company Guaranteed Notes (Callable 10/15/09 @ $103.56) (BB-,
B2) 10/15/14 7.125 250,950
1,300 Cellu Tissue
Holdings, Inc., Global Secured Notes (Callable 03/15/09 @ $100.00) (B,
B2) 03/15/10 9.750 1,049,750
750 Georgia-Pacific
Corp., Global Senior Notes (B+,
B2) 01/15/24 8.000 551,250
300 Georgia-Pacific
Corp., Rule 144A, Company Guaranteed Notes (Callable 01/15/12 @
$103.56)‡ (BB-,
Ba3) 01/15/17 7.125 275,250
475 Graphic Packaging
International Corp., Global Senior Subordinated Notes (Callable 08/15/09 @
$103.17) (B-,
B3) 08/15/13 9.500 363,375
625 Newark
Group, Inc., Global Senior Subordinated Notes (Callable 03/15/09 @
$104.88) (CCC-,
Ca) 03/15/14 9.750 54,688
675 NewPage Corp.,
Global Company Guaranteed Notes (Callable 05/01/09 @ $106.00) (CCC+,
B3) 05/01/13 12.000 165,375
950 Smurfit-Stone
Container Enterprises, Inc., Global Senior Unsecured Notes (Callable
07/01/09 @ $101.40)ø (D,
NR) 07/01/12 8.375 104,500
75 Verso Paper Holdings
LLC, Series B, Global Senior Secured Notes (Callable 08/01/10 @ $104.56) (B+,
B2) 08/01/14 9.125 31,125
1,125 Verso
Paper, Inc., Series B, Global Company Guaranteed Notes (Callable
08/01/11 @ $105.69) (CCC+,
B3) 08/01/16 11.375 320,625
3,166,888
Gaming (5.4%)
1,125 Buffalo Thunder
Development Authority, Rule 144A, Senior Secured Notes (Callable
12/15/10 @ $104.69)‡ (CCC,
Caa3) 12/15/14 9.375 106,875
200 Caesars
Entertainment, Inc., Global Company Guaranteed Notes (CC,
Caa3) 03/15/10 7.875 113,000
1,975 Caesars
Entertainment, Inc., Global Company Guaranteed Notes (CC,
Caa3) 05/15/11 8.125 780,125
1,225 CCM
Merger, Inc., Rule 144A, Notes (Callable 08/01/09 @ $104.00)‡ (CCC,
Caa3) 08/01/13 8.000 520,625
280 Choctaw Resort
Development Enterprise, Rule 144A, Senior Notes (Callable 11/15/11 @
$103.63)‡ (B+,
B1) 11/15/19 7.250 91,000

SEQ.=1,FOLIO='',FILE='C:\JMS\c900225\09-6731-10\task3429525\6731-10-bi-01.htm',USER='c900225',CD='Mar 17 22:20 2009'

Par (000) Ratings † (S&P/Moody’s) Maturity Rate% Value
U.S.
CORPORATE BONDS
Gaming
$ 575 FireKeepers
Development Authority, Rule 144A, Senior Secured Notes (Callable
05/01/12 @ $110.50)‡ (B,
B3) 05/01/15 13.875 $ 388,125
625 Fontainebleau Las
Vegas Capital Corp., Rule 144A, Second Mortgage Notes (Callable 06/15/11
@ $105.13)‡ (CCC,
Caa3) 06/15/15 10.250 71,875
225 Herbst
Gaming, Inc., Global Company Guaranteed Notes (Callable 06/01/09 @
$102.03)ø (D,
NR) 06/01/12 8.125 1,687
750 Inn of the Mountain
Gods Resort & Casino, Global Company Guaranteed Notes (Callable
11/15/09 @ $100.00) (CCC,
Caa2) 11/15/10 12.000 153,750
1,250 Jacobs
Entertainment, Inc., Global Company Guaranteed Notes (Callable 06/15/10
@ $104.88) (B-,
B3) 06/15/14 9.750 675,000
950 Majestic Star Casino
Capital Corp., Senior Secured Notes (Callable 10/15/09 @ $100.00)ø (D,
Caa3) 10/15/10 9.500 289,750
1,275 Mashantucket Western
Pequot Tribe, Rule 144A, Bonds (Callable 11/15/11 @ $104.25)‡ (BB-,
B2) 11/15/15 8.500 446,250
1,150 MGM
Mirage, Inc., Company Guaranteed Notes (BB-,
Ba3) 04/01/16 6.875 649,750
700 MGM
Mirage, Inc., Company Guaranteed Notes (BB-,
Ba3) 01/15/17 7.625 388,500
600 Peermont Global
Proprietary Ltd., Rule 144A, Senior Secured Notes (Callable 04/30/10 @
$105.81)‡ (B,
B3) 04/30/14 7.750 430,584
670 Tropicana Finance
Corp., Global Senior Subordinated Notes (Callable 12/15/10 @ $104.81)ø (NR,
NR) 12/15/14 9.625 11,725
775 Turning Stone Resort
Casino Enterprise, Rule 144A, Senior Notes (Callable 09/15/10 @
$104.56)‡ (B+,
B1) 09/15/14 9.125 519,250
5,637,871
Gas
Distribution (3.7%)
525 Amerigas Partners LP,
Global Senior Unsecured Notes (Callable 05/20/10 @ $103.63) (NR,
Ba3) 05/20/15 7.250 488,250
450 El Paso Corp., Senior
Unsecured Notes (BB-,
Ba3) 06/01/18 7.250 414,000
925 El Paso
Performance-Linked Trust, Rule 144A, Senior Unsecured Notes‡ (BB,
Ba3) 07/15/11 7.750 890,312
425 Inergy Finance Corp.,
Global Company Guaranteed Notes (Callable 03/01/11 @ $104.13) (B+,
B1) 03/01/16 8.250 386,750
275 Inergy Finance Corp.,
Global Senior Unsecured Notes (Callable 12/15/09 @ $103.44) (B+,
B1) 12/15/14 6.875 239,250
550 MarkWest Energy
Finance Corp., Series B, Global Senior Notes (Callable 04/15/13 @
$104.38) (B+,
B2) 04/15/18 8.750 397,375
625 Targa Resources
Partners LP, Rule 144A, Senior Notes (Callable 07/01/12 @ $104.13)‡ (B,
B2) 07/01/16 8.250 453,125
675 Williams
Cos., Inc., Series A, Global Senior Unsecured Notes (BB+,
Baa3) 01/15/31 7.500 555,188
3,824,250
Health
Services (7.1%)
490 Bausch &
Lomb, Inc., Rule 144A, Senior Unsecured Notes (Callable 11/01/11 @
$104.94)‡ (B,
Caa1) 11/01/15 9.875 432,425
50 Biomet, Inc.,
Global Company Guaranteed Notes (Callable 10/15/12 @ $105.00) (B-,
B3) 10/15/17 10.000 51,000
25 Biomet, Inc.,
Global Company Guaranteed Notes (Callable 10/15/12 @ $105.81) (B-,
Caa1) 10/15/17 11.625 23,375
650 Community Health
Systems, Inc., Global Company Guaranteed Notes (Callable 07/15/11 @
$104.44) (B,
B3) 07/15/15 8.875 628,875
900 HCA, Inc.,
Global Secured Notes (Callable 11/15/11 @ $104.63) (BB-,
B2) 11/15/16 9.250 861,750
1,300 HCA, Inc.,
Global Senior Unsecured Notes (B-,
Caa1) 01/15/15 6.375 916,500
425 HCA, Inc.,
Global Senior Unsecured Notes (B-,
Caa1) 02/15/16 6.500 299,625
1,050 HCA, Inc.,
Senior Unsecured Notes (B-,
Caa1) 02/15/13 6.250 763,875
625 HCA, Inc.,
Senior Unsecured Notes (B-,
Caa1) 07/15/13 6.750 454,687
175 Healthsouth Corp.,
Global Company Guaranteed Notes (Callable 06/15/11 @ $105.38) (CCC+,
Caa1) 06/15/16 10.750 173,688
525 OMEGA Healthcare
Investors, Inc., Global Company Guaranteed Notes (Callable 01/15/11 @
$103.50) (BB+,
Ba3) 01/15/16 7.000 469,875
250 Stewart
Enterprises, Inc., Global Company Guaranteed Notes (Callable 02/15/09 @
$103.13) (BB-,
Ba3) 02/15/13 6.250 215,000
1,050 Tenet Healthcare
Corp., Global Senior Unsecured Notes (B,
Caa1) 07/01/14 9.875 850,500
175 Universal Hospital
Services, Inc., Global Senior Secured Notes (Callable 06/01/09 @
$102.00)# (B+,
B3) 06/01/15 5.943 118,125

SEQ.=1,FOLIO='',FILE='C:\JMS\105546\09-6731-10\task3429418\6731-10-bi-03.htm',USER='105546',CD='Mar 17 21:51 2009'

Par (000) Ratings † (S&P/Moody’s) Maturity Rate% Value
U.S.
CORPORATE BONDS
Health
Services
$ 275 Universal Hospital
Services, Inc., Global Senior Secured Notes (Callable 06/01/11 @
$104.25) (B+,
B3) 06/01/15 8.500 $ 233,750
450 Vanguard Health
Holding Co., Global Senior Subordinated Notes (Callable 10/01/09 @ $104.50) (CCC+,
Caa1) 10/01/14 9.000 402,750
600 VWR
Funding, Inc., Series B, Global Company Guaranteed Notes (Callable
07/15/11 @ $105.13) (B-,
Caa1) 07/15/15 10.250 447,000
7,342,800
Household &
Leisure Products (0.7%)
450 ALH Finance LLC/ALH
Finance Corp., Global Senior Subordinated Notes (Callable 01/15/10 @ 102.13) (CCC+,
B3) 01/15/13 8.500 375,750
500 Ames True
Temper, Inc., Global Company Guaranteed Notes# (CCC+,
Caa1) 01/15/12 5.094 315,000
690,750
lnvestments &
Misc. Financial Services (0.2%)
700 Nuveen
Investments, Inc., Rule 144A, Senior Notes (Callable 11/15/11 @
$105.25)‡ (CCC+,
Caa1) 11/15/15 10.500 196,000
Leisure (0.3%)
122 Six Flags
Operations, Inc., Rule 144A, Company Guaranteed Notes (Callable
07/15/13 @ $106.12)‡ (CCC,
Caa2) 07/15/16 12.250 72,590
900 Six Flags, Inc.,
Global Senior Unsecured Notes (Callable 06/01/09 @ $104.81) (CCC-,
Caa3) 06/01/14 9.625 184,500
257,090
Machinery (0.7%)
650 Baldor Electric Co.,
Company Guaranteed Notes (Callable 02/15/12 @ $104.31) (B,
B3) 02/15/17 8.625 549,250
250 Terex Corp., Senior
Subordinated Notes (Callable 11/15/12 @ $104.00) (B+,
Ba3) 11/15/17 8.000 208,750
758,000
Media
- Broadcast (1.5%)
725 Allbritton
Communications Co., Global Senior Subordinated Notes (Callable 12/15/09 @
$101.29) (B,
Caa1) 12/15/12 7.750 362,500
1,500 Barrington
Broadcasting Capital Corp., Global Company Guaranteed Notes (Callable
08/15/10 @ $105.25) (CCC-,
Caa3) 08/15/14 10.500 356,250
1,175 Clear Channel
Communications, Inc., Senior Unsecured Notes (CCC+,
Caa1) 09/15/14 5.500 164,500
925 CMP Susquehanna
Corp., Global Company Guaranteed Notes (Callable 05/15/10 @ $104.94) (CCC,
Ca) 05/15/14 9.875 34,687
550 Fisher
Communications, Inc., Global Company Guaranteed Notes (Callable 09/15/09
@ $104.31) (B,
B2) 09/15/14 8.625 442,750
600 Local TV Finance LLC,
Rule 144A, Senior Unsecured Notes (Callable 06/15/11 @ $104.63)‡ (CCC+,
Caa3) 06/15/15 9.250 75,750
370 Univision
Communications, Inc., Rule 144A, Company Guaranteed Notes (Callable
03/15/11 @ $104.88)‡ (CCC,
Caa2) 03/15/15 9.750 62,900
1,525 Young Broadcasting, Inc., Global
Company Guaranteed Notes (Callable 01/15/10 @ $102.92)ø (D,
C) 01/15/14 8.750 11,438
1,510,775
Media
- Cable (5.5%)
1,875 Atlantic Broadband
Finance LLC, Global Company Guaranteed Notes (Callable 01/15/10 @ $103.13) (CCC+,
Caa1) 01/15/14 9.375 1,443,750
1,800 CCH II Capital Corp.,
Series B, Global Senior Unsecured Notes (Callable 09/15/09 @ $100.00) (C,
Caa2) 09/15/10 10.250 1,071,000
792 Charter
Communications Holdings Capital, Senior Unsecured Notes (C,
Ca) 04/01/11 9.920 18,810
325 Charter
Communications Operating Capital, Rule 144A, Secured Notes‡ (C,
B3) 04/30/12 8.000 277,875
825 CSC Holdings Inc.,
Rule 144A, Senior Notes‡ (BB,
B1) 04/15/14 8.500 814,687
450 CSC
Holdings, Inc., Global Senior Unsecured Notes (BB,
B1) 04/15/12 6.750 435,375
275 CSC
Holdings, Inc., Rule 144A, Senior Unsecured Notes (Callable
06/15/12 @ $104.25)‡ (BB,
B1) 06/15/15 8.500 266,062
200 EchoStar DBS Corp.,
Global Company Guaranteed Notes (BB-,
Ba3) 10/01/13 7.000 191,000
225 EchoStar DBS Corp.,
Global Company Guaranteed Notes (BB-,
Ba3) 10/01/14 6.625 205,313
175 Mediacom Broadband
Corp., Global Senior Unsecured Notes (Callable 10/15/10 @ $104.25) (B-,
B3) 10/15/15 8.500 151,375

SEQ.=1,FOLIO='',FILE='C:\JMS\105546\09-6731-10\task3429418\6731-10-bi-03.htm',USER='105546',CD='Mar 17 21:51 2009'

Par (000) Ratings † (S&P/Moody’s) Maturity Rate% Value
U.S.
CORPORATE BONDS
Media
- Cable
$ 825 Mediacom Capital
Corp., Global Senior Unsecured Notes (B-,
B3) 02/15/11 7.875 $ 779,625
5,654,872
Media
- Services (0.4%)
650 WMG Acquisition
Corp., Global Senior Subordinated Notes (Callable 04/15/09 @ $103.69) (B,
B3) 04/15/14 7.375 416,000
Metals &
Mining - Excluding Steel (1.5%)
225 Aleris
International, Inc., Global Company Guaranteed Notes (Callable 12/15/10
@ $104.50) (CC,
Ca) 12/15/14 9.000 14,625
1,100 Aleris
International, Inc., Global Company Guaranteed Notes (Callable 12/15/11
@ $105.00) (CC,
Ca) 12/15/16 10.000 184,250
800 Freeport-McMoRan
Copper & Gold, Inc., Senior Unsecured Notes (Callable 04/01/11
@ $104.13) (BBB-,
Ba2) 04/01/15 8.250 681,778
1,700 Noranda Aluminium
Acquisition Corp., Global Company Guaranteed Notes (Callable 05/15/09 @
$101.00)# (CCC,
B3) 05/15/15 6.595 654,500
1,535,153
Non-Food &
Drug Retailers (3.4%)
600 Asbury Automotive
Group, Inc., Global Company Guaranteed Notes (Callable 03/15/12 @
$103.81) (B-,
B3) 03/15/17 7.625 279,000
1,350 Brookstone
Company, Inc., Global Secured Notes (Callable 10/15/09 @ $106.00) (B,
Caa1) 10/15/12 12.000 897,750
505 Michaels
Stores, Inc., Global Company Guaranteed Notes (Callable 11/01/10 @
$105.00) (CCC,
Caa1) 11/01/14 10.000 229,775
645 Michaels
Stores, Inc., Global Company Guaranteed Notes (Callable 11/01/11 @
$105.69) (CCC,
Caa2) 11/01/16 11.375 203,175
600 SGS
International, Inc., Rule 144A, Global Senior Subordinated Notes
(Callable 12/15/09 @ $106.00)‡ (B-,
B3) 12/15/13 12.000 304,500
520 Susser Holdings LLC,
Global Company Guaranteed Notes (Callable 12/15/09 @ $105.31) (B+,
B3) 12/15/13 10.625 486,200
1,285 The Neiman Marcus
Group, Inc., Global Company Guaranteed Notes (Callable 10/15/10 @
$105.19) (B-,
B3) 10/15/15 10.375 591,100
1,110 Yankee Acquisition
Corp., Series B, Global Company Guaranteed Notes (Callable 02/15/11 @
$104.25) (B-,
B3) 02/15/15 8.500 538,350
3,529,850
Oil
Field Equipment & Services (0.7%)
550 Bristow
Group, Inc., Global Company Guaranteed Notes (Callable 09/15/12 @
$103.75) (BB,
Ba2) 09/15/17 7.500 404,250
450 Key Energy
Services, Inc., Global Company Guaranteed Notes (Callable 12/01/11 @
$104.19) (BB,
B1) 12/01/14 8.375 326,250
730,500
Packaging (2.2%)
850 Berry Plastics
Holding Corp., Global Company Guaranteed Notes (Callable 03/01/11 @ $105.13) (CCC,
Caa2) 03/01/16 10.250 327,250
705 Berry Plastics
Holding Corp., Global Senior Secured Notes (Callable 09/15/10 @ $104.44) (CCC+,
Caa1) 09/15/14 8.875 348,975
725 Constar International, Inc., Company
Guaranteed Notes (Callable 12/01/09 @ $101.83)ø (D,
NR) 12/01/12 11.000 25,375
325 Crown Cork &
Seal Co., Inc., Debentures (Callable 04/15/09 @ $101.53) (B,
B2) 04/15/23 8.000 290,875
50 Graham Packaging
Company, Inc., Global Company Guaranteed Notes (Callable 10/15/09 @
$102.13) (CCC+,
Caa1) 10/15/12 8.500 38,500
725 Graham Packaging
Company, Inc., Global Subordinated Notes (Callable 10/15/09 @ $104.94) (CCC+,
Caa1) 10/15/14 9.875 464,000
814 Pliant Corp., Global
Senior Secured Notes (Callable 06/15/09 @ $100.00)ø (CCC-,
NR) 06/15/09 11.625 427,448
600 Solo Cup Co., Global
Company Guaranteed Notes (Callable 02/15/09 @ $104.25) (CCC,
Caa2) 02/15/14 8.500 405,000
2,327,423
Printing &
Publishing (2.0%)
1,000 Cenveo Corp., Global
Senior Subordinated Notes (Callable 12/01/09 @ $102.63) (B,
B3) 12/01/13 7.875 640,000

SEQ.=1,FOLIO='',FILE='C:\JMS\105546\09-6731-10\task3429418\6731-10-bi-03.htm',USER='105546',CD='Mar 17 21:51 2009'

Par (000) Ratings † (S&P/Moody’s) Maturity Rate% Value
U.S.
CORPORATE BONDS
Printing &
Publishing
$ 1,675 Idearc, Inc.,
Global Company Guaranteed Notes (Callable 11/15/11 @ $104.00) (CC,
Ca) 11/15/16 8.000 $ 60,719
1,025 R.H.
Donnelley, Inc., Rule 144A, Company Guaranteed Notes (Callable
05/15/12 @ $105.88)‡ (B+,
B1) 05/15/15 11.750 307,500
1,800 The Reader’s Digest
Association, Inc., Global Company Guaranteed Notes (Callable 02/15/12 @
$104.50) (CC,
Ca) 02/15/17 9.000 173,250
1,400 TL
Acquisitions, Inc., Rule 144A, Senior Notes (Callable 07/15/11 @
$105.25)‡ (CCC+,
Caa1) 01/15/15 10.500 707,000
785 Valassis
Communications, Inc., Global Company Guaranteed Notes (Callable 03/01/11
@ $104.13) (CCC+,
B3) 03/01/15 8.250 202,137
2,090,606
Railroads (0.5%)
600 Kansas City Southern
Railway, Company Guaranteed Notes (Callable 06/01/12 @ $104.00) (BB-,
B2) 06/01/15 8.000 543,000
Restaurants (0.4%)
525 Denny’s
Holdings, Inc., Global Company Guaranteed Notes (Callable 10/01/09 @
$102.50) (B-,
B3) 10/01/12 10.000 427,875
Software/Services (1.7%)
750 First Data Corp.,
Global Company Guaranteed Notes (Callable 09/30/11 @ $104.94) (B,
B3) 09/24/15 9.875 423,750
1,275 SunGard Data
Systems, Inc., Global Company Guaranteed Notes (Callable 08/15/10 @
$105.13) (B-,
Caa1) 08/15/15 10.250 873,375
1,150 Unisys Corp., Senior
Unsubordinated Notes (Callable 01/15/12 @ $106.25) (B+,
Caa1) 01/15/16 12.500 465,750
1,762,875
Steel
Producers/Products (1.7%)
500 AK Steel Corp.,
Global Company Guaranteed Notes (Callable 06/15/09 @ $101.29) (BB-,
Ba3) 06/15/12 7.750 417,500
1,275 Rathgibson, Inc.,
Global Company Guaranteed Notes (Callable 02/15/10 @ $105.62) (B,
B3) 02/15/14 11.250 286,875
700 Ryerson, Inc.,
Rule 144A, Senior Secured Notes (Callable 11/01/11 @ $106.00)‡ (B,
Caa1) 11/01/15 12.000 441,000
745 Steel
Dynamics, Inc., Rule 144A, Senior Notes (Callable 04/15/12 @
$103.88)‡ (BB+,
Ba2) 04/15/16 7.750 599,725
1,745,100
Support-Services (5.9%)
300 ARAMARK Corp., Global
Company Guaranteed Notes (Callable 02/01/09 @ $102.00)# (B,
B3) 02/01/15 6.693 244,500
250 ARAMARK Corp., Global
Senior Unsecured Notes (Callable 02/01/11 @ $104.25) (B,
B3) 02/01/15 8.500 244,375
800 Ashtead
Capital, Inc., Rule 144A, Secured Notes (Callable 08/15/11 @
$104.50)‡ (B,
B1) 08/15/16 9.000 484,000
350 DynCorp.
International, Rule 144A, Company Guaranteed Notes (Callable 02/15/09 @
$104.75)‡ (B,
B2) 02/15/13 9.500 307,125
150 Education Management
LLC, Global Company Guaranteed Notes (Callable 06/01/10 @ $104.38) (CCC+,
B2) 06/01/14 8.750 128,625
700 Education Management
LLC, Global Company Guaranteed Notes (Callable 06/01/11 @ $105.13) (CCC+,
Caa1) 06/01/16 10.250 584,500
600 Hertz Corp., Global
Company Guaranteed Notes (Callable 01/01/11 @ $105.25) (B,
B2) 01/01/16 10.500 315,750
450 Iron
Mountain, Inc., Company Guaranteed Notes (Callable 04/01/09 @ $100.00) (B+,
B2) 04/01/13 8.625 450,563
850 JohnsonDiversey
Holdings, Inc., Series B, Global Discount Notes (Callable 05/15/09
@ $101.78) (CCC+,
Caa1) 05/15/13 10.670 637,500
1,050 Mobile Services
Group, Inc., Global Company Guaranteed Notes (Callable 08/01/10 @
$104.88) (B+,
B2) 08/01/14 9.750 782,250
725 Rental Service Corp.,
Global Company Guaranteed Notes (Callable 12/01/10 @ $104.75) (B-,
Caa1) 12/01/14 9.500 462,187
475 Sotheby’s,
Rule 144A, Senior Notes‡ (BBB-,
Ba3) 06/15/15 7.750 263,625
925 Ticketmaster
Entertainment,Inc., Rule 144A, Senior Notes (Callable 08/01/12 @
$105.38)‡ (BB,
Ba3) 08/01/16 10.750 559,625

SEQ.=1,FOLIO='',FILE='C:\JMS\105546\09-6731-10\task3429418\6731-10-bi-03.htm',USER='105546',CD='Mar 17 21:51 2009'

Par (000) Ratings † (S&P/Moody’s) Maturity Rate% Value
U.S.
CORPORATE BONDS
Support-Services
$ 1,150 Travelport LLC, Global Company Guaranteed
Notes (Callable 09/01/11 @ $105.94) (CCC+, Caa1) 09/01/16 11.875 $ 345,000
100 United Rentals North America, Inc.,
Global Company Guaranteed Notes (Callable 02/15/09 @ $101.63) (BB-, B2) 02/15/12 6.500 82,500
425 United Rentals North America, Inc.,
Global Senior Subordinated Notes (Callable 02/15/09 @ $103.50) (B, Caa1) 02/15/14 7.000 269,875
6,162,000
Telecom
- Integrated/Services (8.2%)
825 Cincinnati Bell, Inc., Global Senior
Subordinated Notes (Callable 01/15/10 @ $102.79) (B-, B2) 01/15/14 8.375 742,500
1,175 Frontier Communications Corp., Global
Senior Unsecured Notes (BB, Ba2) 03/15/15 6.625 1,051,625
700 Hughes Network Systems LLC, Global Company
Guaranteed Notes (Callable 04/15/10 @ $104.75) (B, B1) 04/15/14 9.500 584,500
1,875 Intelsat Corp., Rule 144A, Senior
Unsecured Notes (Callable 08/15/09 @ $104.63)‡ (BB-, B3) 08/15/14 9.250 1,762,500
25 Intelsat Subsidiary Holding Co., Ltd.,
Rule 144A, Senior Unsecured Notes (Callable 01/15/10 @ $104.44)‡ (BB-, B3) 01/15/15 8.875 23,125
1,800 Level 3 Financing, Inc., Global
Company Guaranteed Notes (Callable 02/15/09 @ $102.00)# (CCC+, Caa1) 02/15/15 6.845 936,000
1,050 Paetec Holding Corp., Series WI,
Global Company Guaranteed Notes (Callable 07/15/11 @ $104.75) (CCC+, Caa1) 07/15/15 9.500 687,750
1,250 Qwest Communications
International, Inc., Series B, Global Company Guaranteed Notes
(Callable 02/15/09 @ $103.75) (B+, Ba3) 02/15/14 7.500 1,075,000
275 Qwest Corp., Global Senior Unsecured Notes (BBB-, Ba1) 06/15/15 7.625 250,250
475 Time Warner Telecom Holdings, Inc.,
Global Company Guaranteed Notes (Callable 02/15/09 @ $104.62) (CCC+, B3) 02/15/14 9.250 437,000
350 Windstream Corp., Global Company Guaranteed
Notes (BB, Ba3) 08/01/13 8.125 346,500
125 Windstream Corp., Global Company Guaranteed
Notes (Callable 03/15/12 @ $103.50) (BB, Ba3) 03/15/19 7.000 111,250
550 Windstream Corp., Global Company Guaranteed
Notes (Callable 08/01/11 @ $104.31) (BB, Ba3) 08/01/16 8.625 544,500
8,552,500
Telecom
- Wireless (3.9%)
75 Cricket Communications, Inc., Global
Company Guaranteed Notes (Callable 11/01/10 @ $104.69) (B-, B3) 11/01/14 9.375 68,625
225 Crown Castle International Corp., Senior
Unsecured Notes (Callable 01/15/13 @ $105.62) (B, B1) 01/15/15 9.000 218,813
975 MetroPCS Wireless, Inc., Global
Company Guaranteed Notes (Callable 11/01/10 @ $104.63) (B, B3) 11/01/14 9.250 907,969
2,648 Nextel Communications, Inc.,
Series F, Company Guaranteed Notes (Callable 03/15/09 @ $102.98) (BB, Ba2) 03/15/14 5.950 1,245,701
2,425 Sprint Nextel Corp., Senior Unsecured Notes (BB, Ba2) 12/01/16 6.000 1,627,029
4,068,137
Textiles &
Apparel (0.5%)
575 Levi Strauss & Co., Global Senior
Notes (Callable 01/15/10 @ $104.88) (B+, B2) 01/15/15 9.750 476,531
Theaters &
Entertainment (1.2%)
1,675 AMC Entertainment, Inc., Global Senior
Subordinated Notes (Callable 03/01/09 @ $104.00) (CCC+, B2) 03/01/14 8.000 1,264,625
TOTAL
U.S. CORPORATE BONDS (Cost $187,993,422) 115,498,988
FOREIGN
CORPORATE BONDS (9.4%)
Chemicals (0.8%)
1,150 Cognis GMBH, Rule 144A, Senior Secured
Notes#‡ (B, B1) 09/15/13 3.996 684,250
2,075 Ineos Group Holdings PLC, Rule 144A,
Secured Notes (Callable 02/15/11 @ $104.25) (United Kingdom)‡ (CC, Ca) 02/15/16 8.500 114,125
798,375
Electronics (1.0%)
750 Avago Technologies Finance, Global Company
Guaranteed Notes (Callable 12/01/10 @ $105.94) (Singapore) (B, B3) 12/01/15 11.875 562,500

SEQ.=1,FOLIO='',FILE='C:\JMS\sjayara\09-6731-10\task3429664\6731-10-bi-05.htm',USER='105898',CD='Mar 17 23:14 2009'

Par (000) Ratings † (S&P/Moody’s) Maturity Rate% Value
FOREIGN
CORPORATE BONDS
Electronics
$ 325 Celestica, Inc., Senior Subordinated
Notes (Callable 07/01/09 @ $103.81) (Canada) (B, B3) 07/01/13 7.625 $ 281,125
1,000 New Asat, Ltd., Global Company Guaranteed
Notes (Callable 02/01/09 @ $102.31) (Cayman Islands)ø (D, Ca) 02/01/11 9.250 102,500
900 NXP BV/NXP Funding LLC, Global Company
Guaranteed Notes (Callable 10/15/11 @ $104.31) (Netherlands) (CCC-, Caa3) 10/15/15 8.625 126,869
50 NXP BV/NXP Funding LLC, Global Senior
Secured Notes (Callable 10/15/10 @ $103.94) (Netherlands) (CCC, Caa1) 10/15/14 7.875 14,250
1,087,244
Energy
- Exploration & Production (0.4%)
875 OPTI Canada, Inc., Global Senior
Secured Notes (Callable 12/15/10 @ $104.13) (Canada) (BB, B2) 12/15/14 8.250 406,875
Forestry &
Paper (0.9%)
2,325 Abitibi-Consolidated Co. of Canada, Global
Company Guaranteed Notes (Canada) (CC, Ca) 06/15/11 7.750 348,750
1,000 Smurfit Kappa Funding PLC, Global Senior
Subordinated Notes (Callable 01/31/10 @ $103.88) (Ireland) (B+, B2) 04/01/15 7.750 585,000
933,750
Gaming (0.4%)
600 Codere Finance Luxembourg SA,
Rule 144A, Senior Secured Notes (Callable 06/15/10 @ $104.13)
(Luxembourg)‡ (B+, B2) 06/15/15 8.250 372,916
Media -
Cable (1.1%)
150 NTL Cable PLC, Global Senior Notes
(Callable 08/15/11 @ $104.56) (United Kingdom) (B-, B2) 08/15/16 9.125 126,750
325 Unitymedia GmbH, Rule 144A, Senior
Secured Notes (Callable 02/15/10 @ $105.06) (Germany)‡ (B, Caa1) 02/15/15 10.125 379,003
500 Virgin Media Finance PLC, Global Company
Guaranteed Notes (Callable 04/15/09 @ $104.88) (United Kingdom) (B-, B2) 04/15/14 9.750 591,097
1,096,850
Media -
Diversified (0.5%)
600 Quebecor Media, Inc., Global Senior
Unsecured Notes (Callable 03/15/11 @ $103.88) (Canada) (B, B2) 03/15/16 7.750 474,000
Oil
Refining & Marketing (0.3%)
375 Petroplus Finance, Ltd., Rule 144A,
Company Guaranteed Notes (Callable 05/01/11 @ $103.38) (Bermuda)‡ (BB-, B1) 05/01/14 6.750 281,250
25 Petroplus Finance, Ltd., Rule 144A,
Company Guaranteed Notes (Callable 05/01/12 @ $103.50) (Bermuda)‡ (BB-, B1) 05/01/17 7.000 18,250
299,500
Packaging (0.2%)
275 Impress Holdings BV, Rule 144A,
Company Guaranteed Notes (Callable 09/15/09 @ $109.25) (Netherlands)‡ (B-, B3) 09/15/14 9.250 229,068
Pharmaceuticals (0.6%)
150 Elan Finance Corp., Global Company
Guaranteed Notes (Callable 11/15/09 @ $101.94) (Ireland) (B, B3) 11/15/11 7.750 119,250
775 Elan Finance Corp., Global Company
Guaranteed Notes (Callable 12/01/10 @ $104.44) (Ireland) (B, B3) 12/01/13 8.875 561,875
681,125
Support-Services (0.2%)
525 Carlson Wagonlit BV, Rule 144A,
Company Guaranteed Notes (Callable 11/01/09 @ $101.00) (Netherlands)#‡ (B-, B3) 05/01/15 10.544 191,744
Telecom
- Integrated/Services (1.6%)
1,550 Global Crossing UK Finance, Global Company
Guaranteed Notes (Callable 12/15/09 @ $105.38) (United Kingdom) (B-, B3) 12/15/14 10.750 1,011,375
550 Hellas Telecommunications II SCA,
Rule 144A, Subordinated Notes (Callable 01/15/10 @ $100.00)
(Luxembourg)#‡ (CCC, Caa2) 01/15/15 6.844 96,250

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Par (000) Ratings † (S&P/Moody’s) Maturity Rate% Value
FOREIGN
CORPORATE BONDS
Telecom
- Integrated/Services
$ 650 Nordic Telephone Co. Holdings,
Rule 144A, Senior Secured Notes (Callable 05/01/11 @ $104.44) (Denmark)‡ (B+, B1) 05/01/16 8.875 $ 529,750
1,637,375
Telecommunications
Equipment (0.1%)
875 Nortel Networks, Ltd., Rule 144A,
Company Guaranteed Notes (Callable 07/15/11 @ $105.38) (Canada)ø‡ (D, NR) 07/15/16 10.750 146,563
Textiles &
Apparel (0.0%)
75 IT Holding Finance SA, Rule 144A,
Company Guaranteed Notes (Luxembourg)‡ (C, C) 11/15/12 9.875 18,261
Transportation
- Excluding Air/Rail (1.3%)
1,375 Navios Maritime Holdings, Inc., Global
Company Guaranteed Notes (Callable 12/15/10 @ $104.75) (B+, B3) 12/15/14 9.500 811,250
750 Ship Finance International, Ltd., Global
Company Guaranteed Notes (Callable 12/15/09 @ $102.83) (Bermuda) (B+, B1) 12/15/13 8.500 589,688
1,400,938
TOTAL
FOREIGN CORPORATE BONDS (Cost $19,996,653) 9,774,584
Number of Shares Value
COMMON
STOCKS (0.0%)
Chemicals (0.0%)
4,893 Huntsman
Corp. (Cost $34,459) 13,015
PREFERRED
STOCK (0.3%)
Auto
Loans (0.3%)
1,050 Preferred Blocker, Inc.,
Rule 144A (Callable 12/31/11 @ $1,000)*‡ (Cost $243,718) 262,106
WARRANTS (0.0%)
Electrical
Equipment (0.0%)
204,293 Viasystems, Inc., strike price $25.31,
expires 01/31/10*^ (Cost $3,772,613) 2,043
SHORT-TERM
INVESTMENT (2.0%)
Par (000)
$ 2,025 State Street Bank and Trust Co. Euro Time
Deposit (Cost $2,025,000) 02/02/09 0.010 2,025,000
TOTAL
INVESTMENTS AT VALUE (123.0%) (Cost
$214,065,865) 127,575,736
LIABILITIES
IN EXCESS OF OTHER ASSETS (-23.0%) (23,834,212 )
NET
ASSETS (100.0%) $ 103,741,524
Forward Foreign Currency to be Purchased (Local) Forward Foreign Currency to be Sold (Local) Expiration Date Value on Settlement Date Current Value Unrealized Appreciation
Open Forward Foreign Currency Contracts
with Unrealized Appreciation
GBP 100,000 USD 139,054 4/16/09 $ 139,054 $ 144,070 $ 5,016
USD 744,065 GBP 500,000 4/16/09 (744,065 ) (720,352 ) 23,713
USD 2,281,280 EUR 1,698,000 4/16/09 (2,281,280 ) (2,174,149 ) 107,131
Total $ 135,860

*INVESTMENT ABBREVIATION*

NR = Not Rated

| † | Credit ratings given by the
Standard & Poor’s Division of The McGraw-Hill Companies, Inc.
(“S&P”) and Moody’s Investors Service, Inc. (“Moody’s”) are
unaudited. |
| --- | --- |
| ‡ | Security
exempt from registration under Rule 144A of the Securities Act of 1933.
These securities may be resold in transactions exempt from registration,
normally to qualified institutional buyers. At January 31, 2009, these
securities amounted to a value of $23,048,352 or 22.2% of net assets. |
| + | Step
Bond — The interest rate is as of January 31, 2009 and will reset at a
future date. |
| ø | Bond
is currently in default. |
| * | Non-income
producing security. |
| ^ | Not
readily marketable security; security is valued at fair value as determined
in good faith by, or under the direction of, the Board of Trustees. |
| # | Variable
rate obligations — The interest rate is the rate as of January 31, 2009. |

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| Currency
Abbreviations: |
| --- |
| EUR = Euro Currency |
| GBP = British Pound |
| USD = United States Dollar |

Security Valuation— The net asset value of the Fund is determined daily as of the close of regular trading on the New York Stock Exchange, Inc. (the “Exchange”) on each day the Exchange is open for business. Debt securities with a remaining maturity greater than 60 days are valued in accordance with the price supplied by a pricing service, which may use a matrix, formula or other objective method that takes into consideration market indices, yield curves and other specific adjustments. Debt obligations that will mature in 60 days or less are valued on the basis of amortized cost, which approximates market value, unless it is determined that using this method would not represent fair value. Equity investments are valued at market value, which is generally determined using the closing price on the exchange or market on which the security is primarily traded at the time of valuation (“Valuation Time”). If no sales are reported, equity investments are generally valued at the most recent bid quotation as of the Valuation Time or at the lowest asked quotation in the case of a short sale of securities. Investments in mutual funds are valued at the mutual fund’s closing net asset value per share on the day of valuation. Securities and other assets for which market quotations are not readily available, or whose values have been materially affected by events occurring before the Fund’s Valuation Time but after the close of the securities’ primary markets, are valued at fair value as determined in good faith by, or under direction of, the Board of Trustees under procedures established by the Board of Trustees. At January 31, 2009 the Fund held 0.09% of its net assets in securities valued at fair value as determined in good faith under procedures established by the Board of Trustees with an aggregate cost of $3,873,050 and fair value of $92,132. The Fund’s estimate of fair value assumes a willing buyer and a willing seller neither acting under the compulsion to buy or sell. Although these securities may be resold in privately negotiated transactions, the prices realized on such sales could differ from the prices originally paid by the Fund or the current carrying values, and the difference could be material.

The Fund adopted Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”), effective November 1, 2008. In accordance with FAS 157, fair value is defined as the price that the Fund would receive upon selling an investment in a timely transaction to an independent buyer in the principal or most advantageous market of the investment. FAS 157 established a three-tier hierarchy to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk, for example, the risk inherent in a particular valuation technique used to measure fair value including such a pricing model and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The three-tier hierarchy of inputs is summarized in the three broad Levels listed below.

· Level 1 — quoted prices in active markets for identical investments

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

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· Level 3 — significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used as of January 31, 2009 in valuing the Fund’s investments carried at value:

Valuation Inputs Investments in Securities Other Financial Instruments*
Level 1 - Quoted Prices $ 275,122 $ 135,860
Level 2 - Other Significant Observable
Inputs 127,208,482 —
Level 3 - Significant Unobservable Inputs 92,132 —
Total $ 127,575,736 $ 135,860

*Other financial instruments include futures, forwards and swap contracts.

Federal Income Tax Cost — At January 31, 2009, the identified cost for federal income tax purposes, as well as the gross unrealized appreciation from investments for those securities having an excess of value over cost, gross unrealized depreciation from investments for those securities having an excess of cost over value and the net unrealized depreciation from investments were $214,065,865, $164,968, $(86,655,097) and $(86,490,129), respectively.

Other information regarding the Fund is available in the Fund’s most recent Report to Shareholders. This information is also available on the Fund’s website at www.credit-suisse.com/us as well as on the website of the Securities and Exchange Commission at www.sec.gov.

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*Item 2: 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 and Exchange Act of 1934.

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

Item 3: Exhibits

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

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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 HIGH YIELD BOND FUND |
| --- |
| /s/George R. Hornig |
| Name: George R. Hornig |
| Title: Chief Executive Officer |
| Date: March 23, 2009 |

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/George R.
Hornig |
| --- |
| Name: George R. Hornig |
| Title: Chief Executive Officer |
| Date: March 23, 2009 |

| /s/Michael
A. Pignataro |
| --- |
| Name: Michael A. Pignataro |
| Title: Chief Financial Officer |
| Date: March 23, 2009 |

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