Credit Suisse Asset Management Income Fund, Inc.us-fund.credit-suisse.com/docs/filings/CIK 2017 Annual Report.pdfCredit Suisse Asset Management Income Fund, Inc. Annual Investment

Credit Suisse Asset ManagementIncome Fund, Inc.One Madison AvenueNew York, NY 10010

DirectorsSteven N. RappaportChairman of the BoardTerry Fires BovarnickJames J. CattanoLawrence J. FoxJohn G. Popp

OfficersJohn G. PoppChief Executive Officer and PresidentThomas J. FlanneryChief Investment OfficerEmidio MorizioChief Compliance OfficerLou Anne McInnisChief Legal OfficerLaurie PechaChief Financial OfficerEsther CheungTreasurerKaren ReganSenior Vice President and Secretary

Investment AdviserCredit Suisse Asset Management, LLCOne Madison AvenueNew York, NY 10010

Administrator and CustodianState Street Bank and Trust Co.One Lincoln StreetBoston, MA 02111

Shareholder Servicing AgentComputershare Trust Company, N.A.P.O. Box 30170College Station, TX 77842-3170

Legal CounselWillkie Farr & Gallagher LLP787 7th AvenueNew York, NY 10019

Independent Registered PublicAccounting FirmKPMG LLP345 Park AvenueNew York, NY 10154

Credit Suisse Asset Management

Income Fund, Inc.

ANNUAL REPORTDecember 31, 2017

Credit Suisse Asset Management Income Fund, Inc.Annual Investment Adviser’s ReportDecember 31, 2017 (unaudited)

January 19, 2018

Dear Shareholder:

We are pleased to present this Annual Report covering the activities of the Credit Suisse Asset ManagementIncome Fund, Inc. (the “Fund”) for the 12-month period ended December 31, 2017.

Performance Summary01/01/17 – 12/31/17

Fund & Benchmark PerformanceTotal Return (based on net asset value (“NAV”))1 11.34%Total Return (based on market value)1 13.37%ICE BofAML US High Yield Constrained Index2 7.48%

Market Review: A positive period for high yield

The annual period ended December 31, 2017 was positive for the high yield asset class, with the ICE BofAMLUS High Yield Constrained Index (the “Benchmark”), the Fund’s benchmark, returning 7.48%. The high yieldasset class produced respectable gains throughout the year, continuing the rally that began in 2016. Gains acrossglobal equity markets, improved oil prices, and potential enactment of U.S. tax reform helped contribute topositive sentiment. Yields rallied to end the period at 5.84%—33 basis points tighter than the previous periodended December 31, 2016. Spreads ended the period at +373 basis points versus +439 basis points at the prior yearend.

For the period, CCC-rated bonds outperformed the Benchmark, returning 9.26%, while BB-rated and B-ratedbonds underperformed, returning 7.25% and 6.86%, respectively.

From an industry perspective, telecom–satellite (+23.06%), oil refining & marketing (+14.22%), andtransportation related sectors such as trucking & delivery (+23.17%) and transport infrastructure/services(+15.52%) were the best performers for the annual period. In contrast, issuers with retail exposureunderperformed, as department stores and food & drug retailers lost 14.81% and 2.05%, respectively.

Default activity, as measured by JPMorgan, ended the period at 1.27%—down 230 basis points from year-end2016 (3.57%). For 2018, JPMorgan expects the default rate to increase to 2.5%, though this is still below the3.0-3.5% long-term average.

New issuance totaled $328.1 billion, representing a 15% year-over-year increase from the $286.2 billion issuedin 2016. The total new issuance volume in 2017 ranks as the fourth highest on record. Additionally, refinancingactivity increased to 63.3%—a 5.1% increase over 2016—and was the highest percentage since 2010.

Strategic Review and Outlook: Positive security selection leads to outperformance

For the annual period ended December 31, 2017, the Fund outperformed the Benchmark on both a net assetvalue and market value basis. The Fund’s outperformance is largely attributable to positive security selection inspecific sectors. Those with the greatest relative contribution were energy-exploration & production, software/services, auto parts, and metals/mining (excluding steel). Conversely, security selection in telecom-satellite andtech hardware & equipment detracted from relative performance.

The Fund is currently overweight in B and CCC-rated issues, while maintaining an underweight to BB-ratedpositions. In general, this positioning had a positive impact on the Fund’s relative performance.

1

Credit Suisse Asset Management Income Fund, Inc.Annual Investment Adviser’s Report (continued)December 31, 2017 (unaudited)

In the short-to-intermediate term, we expect the fundamental environment to be supportive of corporatebalance sheets given stable growth within the United States, and we expect default rates to remain belowlong-term averages, particularly outside of certain troubled sectors. Therefore, we anticipate that market sectorreturn variance will continue into 2018 and will subsequently require an increased focus on credit selection andresearch to drive relative returns. Looking further out, we will monitor lower quality credits for increased stressdue potentially to tax reform and interest deductibility changes. We anticipate maintaining our underweight toretail, as the sector has continued to experience pressure due to structural competition from online and fast-fashion alternatives. Additionally, as economic conditions have been supportive of continued measured interestrate hikes, we are maintaining a shorter duration versus the Benchmark.

Thomas J. FlanneryChief Investment Officer*

John G. PoppChief Executive Officer and President**

High yield bonds are lower-quality bonds that are also known as “junk bonds.” Such bonds entail greater risks than thosefound in higher-rated securities.

In addition to historical information, this report contains forward-looking statements, which may concern, among otherthings, domestic and foreign markets, industry and economic trends and developments, and government regulation, andtheir 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 areas of December 31, 2017; these views and Fund holdings may have changed subsequent to these dates. Nothing in thisdocument is a recommendation to purchase or sell securities.

1 Assuming reinvestment of dividends of $0.264 per share.2 The ICE BofAML 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’sallocation is limited to 2% of the Index. The Index does not have transaction costs and investors cannot invest directly inthe Index. The Index was previously known as The BofA Merrill Lynch US High Yield Master II Constrained Index.

* Thomas J. Flannery, Managing Director, is the Head of the Credit Suisse U.S. High Yield Management Team.Mr. Flannery joined Credit Suisse Asset Management, LLC (“Credit Suisse”) in June 2010. He is a portfolio manager forthe Credit Investments Group (“CIG”) with responsibility for trading, directing investment decisions, originating andanalyzing investment opportunities. Mr. Flannery is also a member of the CIG Credit Committee and is currently a highyield bond portfolio manager and trader for CIG. Mr. Flannery joined Credit Suisse AG in 2000 from First DominionCapital, LLC where he was an Associate. Mr. Flannery holds a B.S. in Finance from Georgetown University.

** John G. Popp is a Managing Director of Credit Suisse and Group Head and Chief Investment Officer of CIG, with primaryresponsibility for making investment decisions and monitoring processes for CIG’s global investment strategies. Mr. Poppalso serves as Trustee, Chief Executive Officer and President of the Credit Suisse Funds, as well as serving as Director,Chief Executive Officer and President for the Credit Suisse Asset Management Income Fund, Inc. and Trustee, ChiefExecutive Officer and President of the Credit Suisse High Yield Bond Fund. Mr. Popp has been associated with CreditSuisse since 1997.

2

Credit Suisse Asset Management Income Fund, Inc.Annual Investment Adviser’s Report (continued)December 31, 2017 (unaudited)

Credit Quality Breakdown*(% of Total Investments as of December 31, 2017)

S&P Ratings**

BBB 3.0%BB 32.2B 40.1CCC 19.5CC 0.7NR 2.6

Subtotal 98.1Equity and Other 1.0Short-Term Investment1 0.9

Total 100.0%

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

** Credit Quality is based on ratings provided by the Standard & Poor’s Division of The McGraw-HillCompanies, Inc. (“S&P”). S&P is a main provider of ratings for Credit Asset Classes and is widely usedamongst industry participants. The NR category consists of securities that have not been rated by S&P.

1 Primarily reflects cash invested in State Street Bank and Trust Co. Euro Time Deposit, for which thepurchases of securities have been executed but not yet settled at December 31, 2017, if applicable.

Average Annual ReturnsDecember 31, 2017 (unaudited)

1 Year 3 Years 5 Years 10 Years

Net Asset Value (NAV) 11.34% 8.48% 7.31% 8.48%Market Value 13.37% 9.11% 4.40% 8.99%

Credit Suisse may waive fees and/or reimburse expenses, without which performance would be lower. Waivers and/orreimbursements are subject to change and may be discontinued at any time. Returns represent past performance. Totalinvestment return at net asset value is based on the change in the net asset value of Fund shares and assumes reinvestment ofdividends and distributions, if any, at actual prices pursuant to the Fund’s dividend reinvestment program. Totalinvestment return at market value is based on the change in the market price at which the Fund’s shares traded on the stockexchange during the period and assumes reinvestment of dividends and distributions, if any, at actual prices pursuant to theFund’s dividend reinvestment program. Because the Fund’s shares trade in the stock market based on investor demand, theFund 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 thanthe figures shown. The Fund’s yield, return, NAV and market price will fluctuate. Performance information current to themost recent month end is available by calling 1-800-293-1232.

The annual gross and net expense ratios are 1.06%.

3

Credit Suisse Asset Management Income Fund, Inc.Schedule of InvestmentsDecember 31, 2017

Par(000)

Ratings†(S&P/Moody’s) Maturity Rate% Value

CORPORATE BONDS (99.5%)Advertising (1.0%)$ 275 Clear Channel Worldwide Holdings, Inc., Series A, Global Company Guaranteed Notes

(Callable 01/29/18 @ 103.25) (B, B2) 11/15/22 6.500 $ 278,4371,475 Clear Channel Worldwide Holdings, Inc., Series B, Global Company Guaranteed Notes

(Callable 01/29/18 @ 103.25) (B, B2) 11/15/22 6.500 1,504,500

1,782,937

Air Transportation (0.3%)550 United Continental Holdings, Inc., Company Guaranteed Notes (BB-, Ba3) 02/01/24 5.000 560,313

Auto Parts & Equipment (2.0%)400 Adient Global Holdings Ltd., Rule 144A, Company Guaranteed Notes

(Callable 08/15/21 @ 102.44)(1) (BB, Ba3) 08/15/26 4.875 413,0001,300 Cooper-Standard Automotive, Inc., Rule 144A, Company Guaranteed Notes

(Callable 11/15/21 @ 102.81)(1) (B+, B2) 11/15/26 5.625 1,345,5002,000 IHO Verwaltungs GmbH, Rule 144A, Senior Secured Notes

(Callable 09/15/21 @ 102.38)(1) (BB-, Ba1) 09/15/26 4.750 2,035,000

3,793,500

Brokerage (2.4%)600 Jefferies Finance LLC, Rule 144A, Senior Unsecured Notes

(Callable 01/29/18 @ 105.16)(1) (B, B1) 04/15/22 6.875 610,5001,450 Jefferies Finance LLC, Rule 144A, Senior Unsecured Notes

(Callable 01/29/18 @ 105.63)(1) (B, B1) 04/15/21 7.500 1,508,0002,375 LPL Holdings, Inc., Rule 144A, Company Guaranteed Notes

(Callable 03/15/20 @ 104.31)(1) (B+, B2) 09/15/25 5.750 2,422,500

4,541,000

Building & Construction (0.4%)750 Rialto Corp., Rule 144A, Company Guaranteed Notes (Callable 01/29/18 @ 100.00)(1) (B, B1) 12/01/18 7.000 755,625

Building Materials (9.0%)900 Airxcel, Inc., Rule 144A, Senior Secured Notes (Callable 02/15/19 @ 104.25)(1) (B, B2) 02/15/22 8.500 956,250550 American Builders & Contractors Supply Co., Inc., Rule 144A, Senior Unsecured

Notes (Callable 12/15/18 @ 104.31)(1) (B+, B3) 12/15/23 5.750 580,2501,825 Beacon Escrow Corp., Rule 144A, Company Guaranteed Notes

(Callable 11/01/20 @ 102.44)(1) (B+, B3) 11/01/25 4.875 1,840,969325 Core & Main LP, Rule 144A, Senior Unsecured Notes (Callable 08/15/20 @ 103.06)(1) (B-, Caa1) 08/15/25 6.125 330,688710 Eagle Materials, Inc., Company Guaranteed Notes (Callable 08/01/21 @ 102.25) (BBB, Baa3) 08/01/26 4.500 743,725

1,825 FBM Finance, Inc., Rule 144A, Senior Secured Notes (Callable 08/15/18 @ 104.13)(1) (B+, B3) 08/15/21 8.250 1,948,1871,250 James Hardie International Finance DAC, Rule 144A, Senior Unsecured Notes

(Callable 01/15/23 @ 102.50)(1) (BB, Ba1) 01/15/28 5.000 1,265,625525 Jeld-Wen, Inc., Rule 144A, Company Guaranteed Notes

(Callable 12/15/20 @ 102.31)(1) (BB-, B1) 12/15/25 4.625 530,250500 Jeld-Wen, Inc., Rule 144A, Company Guaranteed Notes

(Callable 12/15/22 @ 102.44)(1) (BB-, B1) 12/15/27 4.875 506,250

See Accompanying Notes to Financial Statements.4

Credit Suisse Asset Management Income Fund, Inc.Schedule of Investments (continued)December 31, 2017

Par(000)


CORPORATE BONDS (continued)Building Materials$ 700 Masonite International Corp., Rule 144A, Company Guaranteed Notes

(Callable 03/15/18 @ 104.22)(1) (BB, Ba3) 03/15/23 5.625 $ 735,2101,150 NCI Building Systems, Inc., Rule 144A, Company Guaranteed Notes

(Callable 01/29/18 @ 106.19)(1) (BB, B1) 01/15/23 8.250 1,220,4371,600 Omnimax International, Inc., Rule 144A, Senior Secured Notes

(Callable 02/15/18 @ 109.00)(1) (B-, Caa1) 08/15/20 12.000 1,736,0001,950 PriSo Acquisition Corp., Rule 144A, Senior Unsecured Notes

(Callable 05/15/18 @ 104.50)(1) (CCC+, Caa1) 05/15/23 9.000 2,071,875500 Summit Materials Finance Corp., Global Company Guaranteed Notes

(Callable 04/15/19 @ 104.25) (BB-, B3) 04/15/22 8.500 556,250500 Summit Materials Finance Corp., Global Company Guaranteed Notes

(Callable 07/15/18 @ 103.06) (BB-, B3) 07/15/23 6.125 522,500475 U.S. Concrete, Inc., Global Company Guaranteed Notes (Callable 06/01/19 @ 104.78) (BB-, B2) 06/01/24 6.375 511,813800 USG Corp., Rule 144A, Company Guaranteed Notes (Callable 06/01/22 @ 102.44)(1) (BB+, Ba1) 06/01/27 4.875 831,240

16,887,519

Cable & Satellite TV (7.6%)825 Altice Financing S.A., Rule 144A, Senior Secured Notes

(Callable 02/15/18 @ 104.97)(1) (BB-, B1) 02/15/23 6.625 865,9201,250 Altice Financing S.A., Rule 144A, Senior Secured Notes

(Callable 05/15/21 @ 103.75)(1) (BB-, B1) 05/15/26 7.500 1,334,3751,200 Altice U.S. Finance I Corp., Rule 144A, Senior Secured Notes

(Callable 07/15/18 @ 104.03)(1) (BB, Ba3) 07/15/23 5.375 1,230,0001,850 Block Communications, Inc., Rule 144A, Senior Unsecured Notes

(Callable 02/15/20 @ 103.44)(1) (BB-, Ba3) 02/15/25 6.875 1,947,125280 Cequel Capital Corp., Rule 144A, Senior Unsecured Notes

(Callable 01/29/18 @ 101.59)(1) (B, Caa1) 09/15/20 6.375 284,900685 CSC Holdings LLC, Global Senior Unsecured Notes (B, B2) 06/01/24 5.250 676,43850 CSC Holdings LLC, Rule 144A, Company Guaranteed Notes

(Callable 04/15/22 @ 102.75)(1) (BB, Ba1) 04/15/27 5.500 51,125400 CSC Holdings LLC, Rule 144A, Company Guaranteed Notes

(Callable 10/15/20 @ 103.31)(1) (BB, Ba1) 10/15/25 6.625 433,992335 CSC Holdings LLC, Rule 144A, Senior Unsecured Notes

(Callable 10/15/20 @ 105.44)(1) (B, B2) 10/15/25 10.875 399,4882,350 Midcontinent Finance Corp., Rule 144A, Company Guaranteed Notes

(Callable 08/15/18 @ 105.16)(1) (B, B3) 08/15/23 6.875 2,505,687700 SFR Group S.A., Rule 144A, Senior Secured Notes (Callable 01/29/18 @ 104.50)(1) (B+, B1) 05/15/22 6.000 709,625550 SFR Group S.A., Rule 144A, Senior Secured Notes (Callable 05/01/21 @ 103.69)(1) (B+, B1) 05/01/26 7.375 566,500

1,200 SFR Group S.A., Rule 144A, Senior Secured Notes (Callable 05/15/19 @ 103.13)(1) (B+, B1) 05/15/24 6.250 1,207,500500 Virgin Media Secured Finance PLC, Rule 144A, Senior Secured Notes

(Callable 04/15/22 @ 102.50)(1),(2) (BB-, Ba3) 04/15/27 5.000 689,9021,350 Ziggo Secured Finance B.V., Rule 144A, Senior Secured Notes

(Callable 01/15/22 @ 102.75)(1) (BB-, B1) 01/15/27 5.500 1,343,250

14,245,827



Par(000)


CORPORATE BONDS (continued)Chemicals (2.3%)$ 1,225 A Schulman, Inc., Global Company Guaranteed Notes (Callable 06/01/18 @ 105.16) (B, B3) 06/01/23 6.875 $ 1,280,125

475 GCP Applied Technologies, Inc., Rule 144A, Company Guaranteed Notes(Callable 02/01/19 @ 104.75)(1) (BB-, B1) 02/01/23 9.500 528,437

500 PQ Corp., Rule 144A, Senior Secured Notes (Callable 05/15/19 @ 103.38)(1) (BB-, B2) 11/15/22 6.750 535,625276 Reichhold Industries, Inc., Rule 144A, Senior Secured Notes

(Callable 01/29/18 @ 100.00)(1),(3),(4),(5),(6) (NR, NR) 05/01/18 9.000 9,9461,000 Trinseo Materials Finance, Inc., Rule 144A, Company Guaranteed Notes

(Callable 09/01/20 @ 102.69)(1) (BB-, B3) 09/01/25 5.375 1,037,500500 Valvoline, Inc., Global Company Guaranteed Notes (Callable 08/15/20 @ 103.28) (BB+, Ba3) 08/15/25 4.375 505,625325 Versum Materials, Inc., Rule 144A, Company Guaranteed Notes

(Callable 09/30/21 @ 102.75)(1) (BB, Ba3) 09/30/24 5.500 348,563

4,245,821

Consumer/Commercial/Lease Financing (1.7%)2,500 Infinity Acquisition Finance Corp., Rule 144A, Senior Unsecured Notes

(Callable 01/16/18 @ 103.63)(1) (CCC+, Caa2) 08/01/22 7.250 2,531,250375 Lincoln Finance Ltd., Rule 144A, Senior Secured Notes

(Callable 04/15/18 @ 103.69)(1) (BB+, B1) 04/15/21 7.375 392,344283 OneMain Financial Holdings LLC, Rule 144A, Company Guaranteed Notes

(Callable 01/08/18 @ 103.38)(1) (B, B1) 12/15/19 6.750 292,424

3,216,018

Diversified Capital Goods (0.8%)900 Anixter, Inc., Global Company Guaranteed Notes (BB, Ba3) 03/01/23 5.500 972,270470 EnerSys, Rule 144A, Company Guaranteed Notes (Callable 01/30/23 @ 100.00)(1) (BB+, Ba2) 04/30/23 5.000 492,913

1,465,183

Electronics (1.5%)1,750 Entegris, Inc., Rule 144A, Company Guaranteed Notes (Callable 11/10/20 @ 103.47)(1) (BB-, Ba3) 02/10/26 4.625 1,785,000

261 Microsemi Corp., Rule 144A, Company Guaranteed Notes(Callable 01/15/19 @ 106.84)(1) (BB-, B1) 04/15/23 9.125 294,278

675 NXP Funding LLC, Rule 144A, Company Guaranteed Notes(1) (BBB-, Ba1) 06/01/23 4.625 707,737

2,787,015

Energy - Exploration & Production (1.5%)725 Oasis Petroleum, Inc., Company Guaranteed Notes (Callable 01/29/18 @ 102.17)(7) (BB-, B3) 11/01/21 6.500 742,219932 Stone Energy Corp., Secured Notes (Callable 05/31/20 @ 105.63) (NR, NR) 05/31/22 7.500 948,549

1,124 W&T Offshore, Inc., Global Company Guaranteed Notes (Callable 01/29/18 @ 100.00) (CC, Ca) 06/15/19 8.500 1,067,800

2,758,568

Food - Wholesale (3.0%)1,700 B&G Foods, Inc., Company Guaranteed Notes (Callable 04/01/20 @ 103.94) (B+, B2) 04/01/25 5.250 1,733,405

910 Clearwater Seafoods, Inc., Rule 144A, Senior Unsecured Notes(Callable 05/01/20 @ 105.16)(1) (B+, B3) 05/01/25 6.875 916,825

550 Lamb Weston Holdings, Inc., Rule 144A, Company Guaranteed Notes(Callable 11/01/21 @ 102.31)(1) (BB, Ba3) 11/01/24 4.625 569,250



Par(000)


CORPORATE BONDS (continued)Food - Wholesale$ 400 Lamb Weston Holdings, Inc., Rule 144A, Company Guaranteed Notes

(Callable 11/01/21 @ 102.44)(1) (BB, Ba3) 11/01/26 4.875 $ 419,0001,300 Post Holdings, Inc., Rule 144A, Company Guaranteed Notes

(Callable 12/01/22 @ 102.81)(1) (B, B3) 01/15/28 5.625 1,308,515700 U.S. Foods, Inc., Rule 144A, Company Guaranteed Notes

(Callable 06/15/19 @ 102.94)(1) (BB, B3) 06/15/24 5.875 738,500

5,685,495

Gaming (2.2%)1,500 Churchill Downs, Inc., Rule 144A, Senior Unsecured Notes

(Callable 01/15/23 @ 102.38)(1) (B+, B2) 01/15/28 4.750 1,497,675750 Gateway Casinos & Entertainment Ltd., Rule 144A, Secured Notes

(Callable 03/01/20 @ 104.13)(1) (CCC+, Caa1) 03/01/24 8.250 804,3751,100 Jacobs Entertainment, Inc., Rule 144A, Secured Notes

(Callable 02/01/20 @ 105.91)(1) (B, B2) 02/01/24 7.875 1,179,750495 Safari Holding Verwaltungs GmbH, Rule 144A, Senior Secured Notes

(Callable 01/29/18 @ 104.13)(1),(8) (B, B2) 02/15/21 8.250 620,692

4,102,492

Gas Distribution (2.6%)1,500 Energy Transfer Equity LP, Senior Secured Notes (BB-, Ba2) 10/15/20 7.500 1,653,750

750 Genesis Energy Finance Corp., Company Guaranteed Notes(Callable 02/15/21 @ 104.69) (BB-, B1) 05/15/26 6.250 749,062




1,000 Holly Energy Finance Corp., Rule 144A, Company Guaranteed Notes(Callable 08/01/19 @ 104.50)(1) (BB, B2) 08/01/24 6.000 1,047,500

4,785,682

Health Facilities (2.3%)1,000 HCA, Inc., Senior Secured Notes (BBB-, Ba1) 03/15/24 5.000 1,042,500

600 MPT Finance Corp., Global Company Guaranteed Notes (Callable 10/15/22 @ 102.50) (BBB-, Ba1) 10/15/27 5.000 612,7501,263 Sabra Health Care LP, Global Company Guaranteed Notes

(Callable 05/15/26 @ 100.00) (BBB-, Ba1) 08/15/26 5.125 1,282,8491,400 Surgery Center Holdings, Inc., Rule 144A, Company Guaranteed Notes

(Callable 07/01/20 @ 103.38)(1),(7) (CCC+, Caa2) 07/01/25 6.750 1,330,000

4,268,099

Health Services (1.5%)1,250 AMN Healthcare, Inc., Rule 144A, Company Guaranteed Notes

(Callable 10/01/19 @ 103.84)(1) (BB-, Ba2) 10/01/24 5.125 1,290,6251,425 CareTrust Capital Corp., Company Guaranteed Notes (Callable 06/01/20 @ 103.94) (BB-, Ba3) 06/01/25 5.250 1,457,062

2,747,687



Par(000)


CORPORATE BONDS (continued)Hotels (0.8%)$ 1,450 ESH Hospitality, Inc., Rule 144A, Company Guaranteed Notes

(Callable 05/01/20 @ 102.63)(1) (BB-, B1) 05/01/25 5.250 $ 1,468,125

Insurance Brokerage (4.6%)2,000 Acrisure Finance, Inc., Rule 144A, Senior Unsecured Notes

(Callable 11/15/20 @ 103.50)(1) (CCC+, Caa2) 11/15/25 7.000 1,932,520710 Alliant Holdings Co-Issuer, Rule 144A, Senior Unsecured Notes

(Callable 08/01/18 @ 104.13)(1) (CCC+, Caa2) 08/01/23 8.250 747,2751,450 AssuredPartners, Inc., Rule 144A, Senior Unsecured Notes

(Callable 08/15/20 @ 103.50)(1) (CCC+, Caa2) 08/15/25 7.000 1,446,3751,925 Hub Holdings Finance, Inc., 8.125% Cash, 8.875% PIK, Rule 144A, Senior Unsecured

Notes (Callable 01/29/18 @ 100.00)(1),(9) (CCC+, Caa2) 07/15/19 17.000 1,929,812550 HUB International Ltd., Rule 144A, Senior Unsecured Notes

(Callable 01/29/18 @ 103.94)(1) (CCC+, Caa2) 10/01/21 7.875 573,3751,950 NFP Corp., Rule 144A, Senior Unsecured Notes (Callable 07/15/20 @ 103.44)(1) (CCC+, Caa2) 07/15/25 6.875 1,969,500

8,598,857

Investments & Misc. Financial Services (1.0%)1,750 Orchestra Co-Issuer, Inc., Rule 144A, Secured Notes (Callable 06/15/19 @ 103.38)(1) (B-, B1) 06/15/22 6.750 1,846,250

Machinery (1.2%)775 Terex Corp., Rule 144A, Company Guaranteed Notes (Callable 02/01/20 @ 104.22)(1) (BB, B2) 02/01/25 5.625 810,844

1,300 Vertiv Intermediate Holding Corp., 12.000% Cash, 13.000% PIK, Rule 144A,Senior Unsecured Notes (Callable 02/15/19 @ 106.00)(1),(9) (B-, Caa1) 02/15/22 25.000 1,402,375

2,213,219

Media - Diversified (1.1%)2,100 National CineMedia LLC, Global Senior Unsecured Notes

(Callable 08/15/21 @ 102.88) (B-, B3) 08/15/26 5.750 1,979,250

Media Content (2.6%)1,050 EMI Music Publishing Group North America Holdings, Inc., Rule 144A, Company

Guaranteed Notes (Callable 06/15/19 @ 105.72)(1) (B, B3) 06/15/24 7.625 1,157,6251,000 Netflix, Inc., Rule 144A, Senior Unsecured Notes(1) (B+, B1) 04/15/28 4.875 981,250

550 Nexstar Broadcasting, Inc., Rule 144A, Company Guaranteed Notes(Callable 02/15/18 @ 103.06)(1) (B+, B3) 02/15/22 6.125 572,000

573 Sinclair Television Group, Inc., Global Company Guaranteed Notes(Callable 01/16/18 @ 103.06) (B+, B1) 10/01/22 6.125 592,338

1,150 The EW Scripps Co., Rule 144A, Company Guaranteed Notes(Callable 05/15/20 @ 103.84)(1) (BB-, B1) 05/15/25 5.125 1,147,125

405 WMG Acquisition Corp., Rule 144A, Senior Secured Notes(Callable 08/01/19 @ 102.50)(1) (B+, Ba3) 08/01/23 5.000 420,694

4,871,032



Par(000)


CORPORATE BONDS (continued)Metals & Mining - Excluding Steel (3.1%)$ 1,550 Cleveland-Cliffs, Inc., Rule 144A, Senior Secured Notes

(Callable 01/15/21 @ 102.44)(1) (BB-, Ba3) 01/15/24 4.875 $ 1,550,0001,250 Eldorado Gold Corp., Rule 144A, Company Guaranteed Notes

(Callable 01/29/18 @ 101.53)(1) (B+, B1) 12/15/20 6.125 1,240,625907 Kaiser Aluminum Corp., Global Company Guaranteed Notes

(Callable 05/15/19 @ 104.41) (BB+, Ba3) 05/15/24 5.875 965,9552,120 Noranda Aluminum Acquisition Corp., Global Senior Unsecured Notes

(Callable 03/01/18 @ 100.00)(3),(4) (NR, NR) 06/01/19 11.000 1272,000 Taseko Mines Ltd., Rule 144A, Senior Secured Notes (Callable 06/15/19 @ 104.38)(1) (B-, B3) 06/15/22 8.750 2,052,500

5,809,207

Oil Field Equipment & Services (4.5%)1,575 FTS International, Inc., Global Senior Secured Notes (Callable 01/29/18 @ 104.69) (CCC+, Caa2) 05/01/22 6.250 1,531,6881,000 KCA Deutag UK Finance PLC, Rule 144A, Senior Secured Notes

(Callable 04/01/20 @ 109.88)(1) (CCC+, Caa1) 04/01/22 9.875 1,065,0001,219 Nor Offshore SPV Ltd., PIK, Senior Secured Notes (Callable 03/08/18 @ 100.00)(9) (NR, NR) 02/04/20 8.400 438,836

600 Pacific Drilling V Ltd., Rule 144A, Senior Secured Notes(1),(3) (NR, NR) 12/01/17 7.250 321,000950 Parker Drilling Co., Global Company Guaranteed Notes (Callable 01/29/18 @ 103.38) (B-, Caa1) 07/15/22 6.750 783,750400 Pioneer Energy Services Corp., Global Company Guaranteed Notes

(Callable 01/29/18 @ 104.59) (CCC, Caa3) 03/15/22 6.125 329,880500 Shelf Drilling Holdings Ltd., Rule 144A, Secured Notes

(Callable 01/29/18 @ 100.00)(1) (B-, B2) 11/01/18 8.625 501,2501,607 Shelf Drilling Holdings Ltd., Rule 144A, Secured Notes

(Callable 01/29/18 @ 102.16)(1) (B-, B2) 11/02/20 9.500 1,644,944660 Sidewinder Drilling, Inc., Secured Notes (Callable 01/17/18 @ 100.00)(4),(5),(6) (NR, NR) 02/15/20 12.000 616,691750 Transocean, Inc., Global Company Guaranteed Notes (Callable 07/15/22 @ 100.00) (B, Caa1) 10/15/22 5.800 742,500400 Trinidad Drilling Ltd., Rule 144A, Company Guaranteed Notes

(Callable 02/15/20 @ 104.97)(1) (BB-, Caa1) 02/15/25 6.625 382,000

8,357,539

Oil Refining & Marketing (1.4%)500 CITGO Petroleum Corp., Rule 144A, Senior Secured Notes

(Callable 01/29/18 @ 104.69)(1) (B+, Caa1) 08/15/22 6.250 506,2502,000 Coffeyville Finance, Inc., Global Company Guaranteed Notes

(Callable 01/29/18 @ 103.25) (BB-, B1) 11/01/22 6.500 2,070,000

2,576,250

Packaging (2.9%)1,050 Ardagh Holdings U.S.A., Inc., Rule 144A, Company Guaranteed Notes

(Callable 02/15/20 @ 104.50)(1) (B, B3) 02/15/25 6.000 1,107,750600 Ardagh Holdings U.S.A., Inc., Rule 144A, Senior Secured Notes

(Callable 05/15/19 @ 102.31)(1) (BB, Ba3) 05/15/23 4.625 614,4301,050 Flex Acquisition Co., Inc., Rule 144A, Senior Unsecured Notes

(Callable 01/15/20 @ 103.44)(1) (CCC+, Caa1) 01/15/25 6.875 1,089,349375 Plastipak Holdings, Inc., Rule 144A, Senior Unsecured Notes

(Callable 10/15/20 @ 103.13)(1) (B, B3) 10/15/25 6.250 385,312



Par(000)


CORPORATE BONDS (continued)Packaging$ 450 SIG Combibloc Holdings S.C.A., Rule 144A, Senior Secured Notes

(Callable 02/15/18 @ 103.88)(1),(8) (B-, Caa1) 02/15/23 7.750 $ 566,973400 Trident Merger Sub, Inc., Rule 144A, Senior Unsecured Notes

(Callable 11/01/20 @ 103.31)(1) (CCC+, Caa2) 11/01/25 6.625 400,0001,250 TriMas Corp., Rule 144A, Company Guaranteed Notes (Callable 10/15/20 @ 102.44)(1) (B+, B1) 10/15/25 4.875 1,257,031

5,420,845

Personal & Household Products (1.7%)1,350 High Ridge Brands Co., Rule 144A, Company Guaranteed Notes

(Callable 03/15/20 @ 104.44)(1) (CCC, Caa1) 03/15/25 8.875 1,208,2501,600 Mattel, Inc., Rule 144A, Company Guaranteed Notes (Callable 12/31/20 @ 105.06)(1) (BB-, Ba2) 12/31/25 6.750 1,625,520

400 Prestige Brands, Inc., Rule 144A, Company Guaranteed Notes(Callable 03/01/19 @ 104.78)(1) (B-, Caa1) 03/01/24 6.375 416,500

3,250,270

Pharmaceuticals (2.7%)1,000 Catalent Pharma Solutions, Inc., Rule 144A, Company Guaranteed Notes

(Callable 10/15/20 @ 102.44)(1) (B+, B3) 01/15/26 4.875 1,006,250500 Endo Finance LLC, Rule 144A, Company Guaranteed Notes

(Callable 07/15/18 @ 104.50)(1) (CCC+, B3) 07/15/23 6.000 395,000650 Endo Finance LLC, Rule 144A, Senior Secured Notes

(Callable 04/15/20 @ 102.94)(1),(7) (BB-, Ba2) 10/15/24 5.875 661,3751,525 Valeant Pharmaceuticals International, Inc., Rule 144A, Company Guaranteed Notes

(Callable 05/15/18 @ 102.94)(1) (B-, Caa1) 05/15/23 5.875 1,418,250250 Valeant Pharmaceuticals International, Inc., Rule 144A, Company Guaranteed Notes

(Callable 12/15/21 @ 104.50)(1) (B-, Caa1) 12/15/25 9.000 261,1751,300 Valeant Pharmaceuticals International, Inc., Rule 144A, Senior Secured Notes

(Callable 03/15/20 @ 103.50)(1) (BB-, Ba3) 03/15/24 7.000 1,394,250

5,136,300

Printing & Publishing (0.5%)1,000 Multi-Color Corp., Rule 144A, Company Guaranteed Notes

(Callable 11/01/20 @ 102.44)(1) (B+, B2) 11/01/25 4.875 1,006,250

Real Estate Investment Trusts (3.2%)1,398 iStar, Inc., Senior Unsecured Notes (Callable 01/29/18 @ 101.25) (BB-, B1) 07/01/19 5.000 1,405,864

750 iStar, Inc., Senior Unsecured Notes (Callable 04/01/19 @ 103.00) (BB-, B1) 04/01/22 6.000 778,125600 iStar, Inc., Senior Unsecured Notes (Callable 07/01/18 @ 103.25) (BB-, B1) 07/01/21 6.500 624,750

1,000 iStar, Inc., Senior Unsecured Notes (Callable 09/15/19 @ 102.63) (BB-, B1) 09/15/22 5.250 1,008,7501,300 QCP SNF West/Central/East/AL REIT LLC, Rule 144A, Secured Notes

(Callable 11/01/19 @ 104.06)(1) (CCC+, Caa2) 11/01/23 8.125 1,335,750900 Starwood Property Trust, Inc., Global Senior Unsecured Notes

(Callable 09/15/21 @ 100.00) (BB-, Ba3) 12/15/21 5.000 936,000

6,089,239



Par(000)


CORPORATE BONDS (continued)Recreation & Travel (1.2%)$ 650 Six Flags Entertainment Corp., Rule 144A, Company Guaranteed Notes

(Callable 04/15/22 @ 102.75)(1) (BB-, B2) 04/15/27 5.500 $ 674,375850 Six Flags Entertainment Corp., Rule 144A, Company Guaranteed Notes

(Callable 07/31/19 @ 103.66)(1) (BB-, B2) 07/31/24 4.875 864,875675 Speedway Motorsports, Inc., Global Company Guaranteed Notes

(Callable 02/01/18 @ 103.84) (BB+, Ba2) 02/01/23 5.125 700,313

2,239,563

Restaurants (1.6%)1,350 Golden Nugget, Inc., Rule 144A, Senior Unsecured Notes

(Callable 10/15/19 @ 103.38)(1) (CCC+, B3) 10/15/24 6.750 1,377,0001,675 New Red Finance, Inc., Rule 144A, Secured Notes (Callable 10/15/20 @ 102.50)(1) (B-, B3) 10/15/25 5.000 1,695,937

3,072,937

Software - Services (4.1%)1,400 CDK Global, Inc., Rule 144A, Senior Unsecured Notes (Callable 06/01/22 @ 102.44)(1) (BB+, Ba1) 06/01/27 4.875 1,421,0001,000 Epicor Software Corp., Rule 144A, Senior Secured Notes,

LIBOR 3M + 8.250%(1),(5),(6),(10) (CCC, NR) 06/30/23 9.943 1,001,250900 First Data Corp., Rule 144A, Secured Notes (Callable 01/15/19 @ 102.88)(1) (B, B3) 01/15/24 5.750 934,875700 Infor Software Parent, Inc., 7.125% Cash, 7.875% PIK, Rule 144A, Senior Unsecured

Notes (Callable 01/29/18 @ 103.56)(1),(9) (CCC, Caa2) 05/01/21 15.000 719,250900 Infor U.S., Inc., Company Guaranteed Notes (Callable 05/15/18 @ 102.88)(8) (CCC+, Caa1) 05/15/22 5.750 1,109,359650 j2 Global Co-Obligor, Inc., Rule 144A, Company Guaranteed Notes

(Callable 07/15/20 @ 104.50)(1) (BB, Ba3) 07/15/25 6.000 687,3751,703 Syniverse Foreign Holdings Corp., Rule 144A, Company Guaranteed Notes

(Callable 01/15/19 @ 104.56)(1) (B, Caa3) 01/15/22 9.125 1,737,060150 Syniverse Holdings, Inc., Global Company Guaranteed Notes

(Callable 01/29/18 @ 100.00) (CCC+, Caa3) 01/15/19 9.125 150,563

7,760,732

Specialty Retail (1.3%)1,000 Itron, Inc., Rule 144A, Company Guaranteed Notes (Callable 01/15/21 @ 102.50)(1) (BB-, B2) 01/15/26 5.000 1,006,250

350 Penske Automotive Group, Inc., Company Guaranteed Notes(Callable 05/15/21 @ 102.75) (B+, B1) 05/15/26 5.500 356,020

750 Penske Automotive Group, Inc., Company Guaranteed Notes(Callable 12/01/19 @ 102.69) (B+, B1) 12/01/24 5.375 765,000

300 Penske Automotive Group, Inc., Global Company Guaranteed Notes(Callable 01/29/18 @ 102.88) (B+, B1) 10/01/22 5.750 309,562

2,436,832

Steel Producers/Products (0.8%)400 Commercial Metals Co., Senior Unsecured Notes (Callable 07/15/22 @ 102.69) (BB+, Ba2) 07/15/27 5.375 409,000

1,000 Zekelman Industries, Inc., Rule 144A, Senior Secured Notes(Callable 06/15/19 @ 104.94)(1) (B, Caa1) 06/15/23 9.875 1,127,500

1,536,500



Par(000)


CORPORATE BONDS (continued)Support - Services (7.0%)$ 2,100 Avison Young Canada, Inc., Rule 144A, Senior Secured Notes

(Callable 12/15/19 @ 104.75)(1) (B+, B3) 12/15/21 9.500 $ 2,137,8001,215 Conduent Business Services LLC, Rule 144A, Company Guaranteed Notes

(Callable 12/15/20 @ 105.25)(1) (B+, B2) 12/15/24 10.500 1,421,914575 CoreCivic, Inc., Company Guaranteed Notes (Callable 07/15/27 @ 100.00) (BB, Ba1) 10/15/27 4.750 569,250

1,200 Gartner, Inc., Rule 144A, Company Guaranteed Notes (Callable 04/01/20 @ 103.84)(1) (BB-, B1) 04/01/25 5.125 1,257,0002,000 H&E Equipment Services, Inc., Rule 144A, Company Guaranteed Notes

(Callable 09/01/20 @ 104.22)(1) (BB-, B2) 09/01/25 5.625 2,095,0001,467 KAR Auction Services, Inc., Rule 144A, Company Guaranteed Notes (Callable

06/01/20 @ 103.84)(1) (B, B3) 06/01/25 5.125 1,507,3422,025 Sotheby’s, Rule 144A, Company Guaranteed Notes (Callable 12/15/20 @ 103.66)(1) (B+, Ba3) 12/15/25 4.875 2,002,219

575 Tempo Acquisition Finance Corp., Rule 144A, Senior Unsecured Notes(Callable 06/01/20 @ 103.38)(1) (CCC+, Caa1) 06/01/25 6.750 582,188

1,100 United Rentals North America, Inc., Company Guaranteed Notes(Callable 01/15/23 @ 102.44) (BB-, Ba3) 01/15/28 4.875 1,108,250

500 United Rentals North America, Inc., Company Guaranteed Notes(Callable 05/15/22 @ 102.75) (BB-, Ba3) 05/15/27 5.500 527,500

13,208,463

Tech Hardware & Equipment (1.3%)250 CDW Finance Corp., Company Guaranteed Notes (Callable 03/01/20 @ 103.75) (BB-, Ba3) 09/01/25 5.000 260,000525 CommScope Technologies LLC, Rule 144A, Company Guaranteed Notes

(Callable 03/15/22 @ 102.50)(1) (BB-, Ba3) 03/15/27 5.000 526,313875 CommScope Technologies LLC, Rule 144A, Company Guaranteed Notes

(Callable 06/15/20 @ 103.00)(1) (BB-, Ba3) 06/15/25 6.000 934,062625 Western Digital Corp., Rule 144A, Senior Secured Notes

(Callable 04/01/19 @ 103.69)(1) (BBB-, Ba1) 04/01/23 7.375 675,781

2,396,156

Telecom - Satellite (0.7%)482 Hughes Satellite Systems Corp., Global Company Guaranteed Notes (BB-, B3) 06/15/21 7.625 534,418800 Hughes Satellite Systems Corp., Global Senior Secured Notes (BBB-, Ba2) 08/01/26 5.250 819,000

1,353,418

Telecom - Wireless (0.4%)700 T-Mobile U.S.A., Inc., Global Company Guaranteed Notes

(Callable 01/15/21 @ 103.25) (BB+, Ba2) 01/15/26 6.500 765,625

Telecom - Wireline Integrated & Services (4.7%)300 CyrusOne Finance Corp., Rule 144A, Company Guaranteed Notes

(Callable 03/15/22 @ 102.69)(1) (BB+, Ba3) 03/15/27 5.375 315,750350 Equinix, Inc., Senior Unsecured Notes (Callable 05/15/22 @ 102.69) (BB+, B1) 05/15/27 5.375 375,375

2,151 GTT Communications, Inc., Rule 144A, Company Guaranteed Notes(Callable 12/31/19 @ 105.91)(1) (CCC+, Caa1) 12/31/24 7.875 2,274,682

800 QTS Finance Corp., Rule 144A, Company Guaranteed Notes(Callable 11/15/20 @ 103.56)(1) (BB, B1) 11/15/25 4.750 812,000



Par(000)


CORPORATE BONDS (continued)Telecom - Wireline Integrated & Services$ 1,800 Telenet Finance Luxembourg Notes Sarl, Rule 144A, Senior Secured Notes

(Callable 12/01/22 @ 102.75)(1) (BB-, Ba3) 03/01/28 5.500 $ 1,800,0001,550 Wind Tre SpA, Rule 144A, Senior Secured Notes (Callable 11/03/20 @ 102.50)(1) (BB-, B1) 01/20/26 5.000 1,481,800

600 Zayo Capital, Inc., Global Company Guaranteed Notes (Callable 04/01/18 @ 104.50) (B, B3) 04/01/23 6.000 627,9301,175 Zayo Capital, Inc., Rule 144A, Company Guaranteed Notes

(Callable 01/15/22 @ 102.88)(1) (B, B3) 01/15/27 5.750 1,201,438

8,888,975

Theaters & Entertainment (2.1%)775 AMC Entertainment Holdings, Inc., Global Company Guaranteed Notes

(Callable 01/29/18 @ 104.41)(7) (B+, B2) 02/15/22 5.875 789,531750 AMC Entertainment Holdings, Inc., Global Company Guaranteed Notes

(Callable 05/15/22 @ 103.06)(7) (B+, B2) 05/15/27 6.125 748,125500 AMC Entertainment Holdings, Inc., Global Company Guaranteed Notes

(Callable 11/15/21 @ 102.94)(7) (B+, B2) 11/15/26 5.875 493,750750 Carmike Cinemas, Inc., Rule 144A, Secured Notes (Callable 06/15/18 @ 104.50)(1) (BB, Ba1) 06/15/23 6.000 787,500

1,025 Live Nation Entertainment, Inc., Rule 144A, Company Guaranteed Notes(Callable 11/01/19 @ 103.66)(1) (B+, B1) 11/01/24 4.875 1,053,188

3,872,094

Transport Infrastructure/Services (0.9%)1,750 Navios Maritime Finance II U.S., Inc., Rule 144A, Senior Secured Notes

(Callable 01/29/18 @ 108.44)(1) (B-, Caa2) 08/15/22 11.250 1,695,313

TOTAL CORPORATE BONDS (Cost $182,319,000) 186,478,022

BANK LOANS (19.2%)Aerospace & Defense (0.5%)

882 Sequa Mezzanine Holdings LLC, LIBOR 3M + 5.000%(10) (B-, B3) 11/28/21 6.549 889,722

Auto Parts & Equipment (0.8%)756 Dayco Products LLC, LIBOR 3M + 5.000%(6),(10) (B, B2) 05/19/23 6.479 764,707695 U.S. Farathane LLC, LIBOR 3M + 3.500%(6),(10) (B, B2) 12/23/21 5.193 699,841

1,464,548

Building Materials (0.5%)987 Morsco, Inc., LIBOR 1M + 7.000%(10) (B+, B3) 10/31/23 8.569 1,007,089

Chemicals (2.8%)1,000 Archroma Finance Sarl, LIBOR 3M + 8.250%(10) (NR, Caa1) 07/11/25 9.602 1,012,5001,313 ASP Chromaflo Intermediate Holdings, Inc., LIBOR 1M + 8.000%(10) (CCC, Caa2) 11/14/24 9.569 1,312,5001,628 Preferred Proppants LLC, LIBOR 3M + 7.750%(4),(6),(10) (CCC, Caa2) 07/27/20 9.443 1,517,8561,500 Solenis International LP, LIBOR 3M + 6.750%(10) (CCC+, Caa1) 07/31/22 8.229 1,440,000

5,282,856



Par(000)


BANK LOANS (continued)Diversified Capital Goods (0.9%)$ 750 Cortes NP Acquisition Corp., LIBOR 1M + 4.000%(10) (B+, Ba3) 11/30/23 5.350 $ 750,469

1,005 Dynacast International LLC, LIBOR 3M + 8.500%(6),(10) (B-, Caa1) 01/30/23 10.193 1,010,025

1,760,494

Electronics (0.9%)750 CPI International, Inc., LIBOR 1M + 7.250%(6),(10) (CCC+, Caa2) 07/26/25 8.819 754,688995 Oberthur Technologies S.A., LIBOR 3M + 3.750%(10) (B-, B2) 01/10/24 5.443 986,694

1,741,382

Energy - Exploration & Production (1.1%)1,000 Chief Exploration & Development LLC, LIBOR 3M + 6.500%(4),(10) (NR, NR) 05/16/21 7.959 985,8351,000 W&T Offshore, Inc.(4),(10) (CCC, Caa2) 05/15/20 9.000 967,500

1,953,335

Health Facility (0.3%)500 Western Dental Services, Inc., LIBOR 1M + 5.250%(10) (B-, B3) 06/23/23 6.819 504,242

Insurance Brokerage (1.1%)1,985 Acrisure LLC, LIBOR 2M + 4.250%(10) (B, B2) 11/22/23 5.647 2,007,605

lnvestments & Misc. Financial Services (0.6%)1,156 Ocwen Financial Corp., LIBOR 1M + 5.000%(10) (B+, B3) 12/05/20 6.460 1,161,834

Machinery (1.6%)1,750 CPM Acquisition Corp., LIBOR 1M + 8.250%(6),(10) (B-, Caa1) 04/10/23 9.819 1,793,7501,125 WireCo WorldGroup, Inc., LIBOR 3M + 9.000%(10) (B-, Caa3) 09/30/24 10.479 1,132,031

2,925,781

Media Content (0.3%)500 DLG Acquisitions Ltd., EURIBOR 6M + 7.250%(8),(10) (CCC+, Caa2) 06/30/22 8.250 604,531

Personal & Household Products (1.7%)1,000 ABG Intermediate Holdings 2 LLC, LIBOR 3M + 7.750%(10) (CCC+, Caa1) 09/29/25 9.443 1,015,000

497 Comfort Holding LLC, LIBOR 1M + 4.750%(10) (CCC+, B3) 02/05/24 6.182 454,2771,350 Comfort Holding LLC, LIBOR 1M + 10.000%(10) (CCC-, Caa2) 02/03/25 11.432 1,117,125

46 TricorBraun Holdings, Inc., LIBOR 1M + 3.750%(10) (B, B2) 11/30/23 5.392 45,581453 TricorBraun Holdings, Inc., LIBOR 3M + 3.750%(10) (B, B2) 11/30/23 5.443 452,382

3,084,365

Real Estate Investment Trusts (0.5%)997 Quality Care Properties, Inc., LIBOR 3M + 5.250%(10) (B-, Caa1) 10/31/22 6.819 1,000,598

Recreation & Travel (0.5%)1,000 Legendary Pictures Funding LLC, LIBOR 3M + 6.000%(4),(6),(10) (NR, NR) 04/22/20 7.693 991,250



Par(000)


BANK LOANS (continued)Software - Services (3.9%)$ 623 Almonde, Inc., LIBOR 3M + 7.250%(10) (CCC+, Caa2) 06/13/25 8.729 $ 626,805

1,240 Aricent Technologies, LIBOR 1M + 8.500%(10) (CCC, Caa2) 04/14/22 9.972 1,251,7801,000 Eze Castle Software, Inc., LIBOR 3M + 6.500%(10) (CCC+, Caa1) 04/05/21 8.193 1,002,500

750 Flexera Software LLC, LIBOR 1W + 7.000%(10) (B-, Caa1) 04/02/21 8.570 753,750366 LDiscovery LLC, LIBOR 3M + 5.875%(4),(10) (B, B3) 12/09/22 7.278 328,452

1,750 Omnitracs, Inc., LIBOR 3M + 7.750%(10) (CCC+, Caa1) 05/25/21 9.450 1,758,024500 Syniverse Holdings, Inc., LIBOR 1M + 3.000%(10) (B, B3) 04/23/19 4.569 492,552

1,000 TigerLuxOne Sarl, LIBOR 3M + 8.250%(10) (CCC+, Caa2) 02/16/25 9.943 995,000

7,208,863

Specialty Retail (0.5%)1,000 Sally Holdings LLC(10) (BBB-, Ba1) 07/05/24 4.500 1,000,210

Support - Services (0.6%)740 Interior Logic Group, Inc., LIBOR 3M + 6.000%(6),(10) (B, B3) 03/01/24 7.481 746,863

1,427 Sprint Industrial Holdings LLC, LIBOR 3M + 12.250%(4),(10) (CC, Caa3) 11/14/19 13.500 424,525

1,171,388

Theaters & Entertainment (0.1%)167 NEG Holdings LLC, LIBOR 3M + 8.000%(4),(5),(6),(10) (NR, NR) 10/17/22 9.693 152,089

TOTAL BANK LOANS (Cost $35,512,858) 35,912,182

ASSET BACKED SECURITIES (1.4%)Collateralized Debt Obligations (1.4%)

1,000 Galaxy XIV CLO Ltd., 2012-14A, Rule 144A, LIBOR 3M + 7.900%(1),(10) (BB, NR) 11/15/26 9.316 1,024,3951,000 JFIN CLO Ltd., 2013-1A, Rule 144A, LIBOR 3M + 4.750%(1),(10) (BB, NR) 01/20/25 6.113 996,496

700 Stewart Park CLO Ltd., 2015-1A, Rule 144A(1),(4),(10),(11) (NR, NR) 01/15/30 0.000 570,812

TOTAL ASSET BACKED SECURITIES (Cost $2,561,772) 2,591,703

Number ofShares

COMMON STOCKS (1.2%)Auto Parts & Equipment (0.4%)

46,071 UCI International, Inc.(4),(5),(6),(12) 829,278

Building & Construction (0.0%)5 White Forest Resources, Inc.(4),(5),(6),(12) 52

Building Materials (0.0%)372 Dayton Superior Corp.(4),(5),(6),(12) —

Oil Field Equipment & Services (0.2%)11 Sidewinder Drilling, Inc., Series A(4),(5),(6),(12) 308,370



Number ofShares Value

COMMON STOCKS (continued)Oil, Gas & Consumable Fuels (0.4%)

26,788 Stone Energy Corp.(12) $ 861,502

Support - Services (0.2%)800 LTR Holdings LLC(4),(5),(6),(12) 342,768346 Sprint Industrial Holdings LLC, Class G(5),(6),(12) 331 Sprint Industrial Holdings LLC, Class H(5),(6),(12) —77 Sprint Industrial Holdings LLC, Class I(5),(6),(12) 1

342,772

Theaters & Entertainment (0.0%)20 NEG Holdings LLC, Litigation Trust Units(4),(5),(6),(12) 20

TOTAL COMMON STOCKS (Cost $2,887,148) 2,341,994

PREFERRED STOCK (0.0%)Building Materials (0.0%)

413 Dayton Superior Corp.(4),(5),(6),(12) (Cost $156,000) —

SHORT-TERM INVESTMENT (3.2%)3,833,160 State Street Navigator Securities Lending Government Money Market Portfolio, 1.30%(13) 3,833,160

Par(000) Maturity Rate%

$ 2,165 State Street Bank and Trust Co. Euro Time Deposit 01/02/18 0.120 2,165,494

TOTAL SHORT-TERM INVESTMENTS (Cost $5,998,654) 5,998,654

TOTAL INVESTMENTS AT VALUE (124.5%) (Cost $229,435,432) 233,322,555

LIABILITIES IN EXCESS OF OTHER ASSETS (-24.5%) (45,850,263)

NET ASSETS (100.0%) $ 187,472,292

INVESTMENT ABBREVIATIONS1M = 1 Month1W = 1 Week3M = 3 Month6M = 6 MonthEURIBOR = Euro Interbank Offered RateLIBOR = London Interbank Offered RateNR = 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.(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 December 31, 2017, these securities amounted to a value of $142,109,338 or 75.8% of netassets.



(2) This security is denominated in British Pound.(3) Bond is currently in default.(4) Illiquid security (unaudited).(5) Not readily marketable security; security is valued at fair value as determined in good faith by, or under the direction of, the Board of Directors.(6) Security is valued using significant unobservable inputs.(7) Security or portion thereof is out on loan (See note 2-I).(8) This security is denominated in Euro.(9) PIK: Payment-in-kind security for which part of the income earned may be paid as additional principal.(10) Variable rate obligation - The interest rate shown is the rate in effect as of December 31, 2017.(11) Zero-coupon security.(12) Non-income producing security.(13) Represents security purchased with cash collateral received for securities on loan. The rate shown is the annualized one-day yield at December 31, 2017.

Forward Foreign Currency ContractsForwardCurrency to bePurchased (Local)

ForwardCurrency to beSold (Local)

ExpirationDate Counterparty

Value onSettlement Date

CurrentValue/Notional

Net UnrealizedAppreciation

(Depreciation)

EUR 334,900 USD 401,401 10/12/18 Morgan Stanley $ 401,401 $ 409,725 $ 8,324USD 3,495,423 EUR 2,895,000 10/12/18 Morgan Stanley (3,495,423) (3,541,817) (46,394)USD 3,001,555 GBP 2,241,350 10/12/18 Morgan Stanley (3,001,555) (3,063,054) (61,499)

$(99,569)

Currency Abbreviations:EUR = EuroGBP = British PoundUSD = United States Dollar


Credit Suisse Asset Management Income Fund, Inc.Statement of Assets and LiabilitiesDecember 31, 2017

AssetsInvestments at value, including collateral for securities on loan of $3,833,160

(Cost $229,435,432) (Note 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 233,322,5551

Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,982,433Foreign currency at value (Cost $2,380,414) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,401,727Interest receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,224,037Receivable for investments sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 157,455Receivable for Fund shares sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22,486Unrealized appreciation on forward foreign currency contracts (Note 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,324Prepaid expenses and other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,949

Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 241,124,966

LiabilitiesInvestment advisory fee payable (Note 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 219,353Administrative services fee payable (Note 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19,194Loan payable (Note 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46,000,000Payable upon return of securities loaned (Note 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,833,160Payable for investments purchased . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,297,469Unrealized depreciation on forward foreign currency contracts (Note 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . 107,893Directors’ fee payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,680Accrued expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 166,925

Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 53,652,674

Net AssetsApplicable to 52,304,929 shares outstanding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 187,472,292

Net AssetsCapital stock, $.001 par value (Note 6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52,305Paid-in capital (Note 6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 196,871,689Undistributed net investment income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 165,433Accumulated net realized loss on investments, foreign currency transactions and forward foreign

currency contracts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (13,426,831)Net unrealized appreciation from investments, foreign currency translations and forward foreign currency

contracts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3,809,696

Net assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 187,472,292

Net Asset Value Per Share ($187,472,292 / 52,304,929) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3.58

Market Price Per Share . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3.31

1 Includes $3,758,423 of securities on loan.


Credit Suisse Asset Management Income Fund, Inc.Statement of OperationsFor the Year Ended December 31, 2017

Investment IncomeInterest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 14,534,428Securities lending (Note 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52,518

Total investment income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,586,946

ExpensesInvestment advisory fees (Note 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 869,417Administrative services fees (Note 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58,069Interest expense (Note 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 303,557Legal fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 234,904Commitment fees (Note 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 153,762Directors’ fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 124,583Printing fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 67,022Audit and tax fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57,960Transfer agent fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52,858Custodian fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26,810Stock exchange listing fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17,170Insurance expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,480Miscellaneous expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,921

Total expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,975,513

Net investment income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,611,433

Net Realized and Unrealized Gain (Loss) from Investments, Foreign Currency and ForwardForeign Currency ContractsNet realized loss from investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (887,480)Net realized gain from foreign currency transactions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29,617Net realized loss from forward foreign currency contracts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (352,833)Net change in unrealized appreciation (depreciation) from investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,996,908Net change in unrealized appreciation (depreciation) from foreign currency translations . . . . . . . . . . . . . . . 22,860Net change in unrealized appreciation (depreciation) from forward foreign currency contracts . . . . . . . . . . . (208,656)

Net realized and unrealized gain from investments, foreign currency and forward foreign currencycontracts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,600,416

Net increase in net assets resulting from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 19,211,849


Credit Suisse Asset Management Income Fund, Inc.Statement of Changes in Net Assets

For the YearEnded

December 31, 2017

For the YearEnded

December 31, 2016

From OperationsNet investment income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 12,611,433 $ 13,049,565Net realized loss from investments, foreign currency transactions and forward

foreign currency contracts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,210,696) (11,440,118)Net change in unrealized appreciation (depreciation) from investments, foreign

currency translations and forward foreign currency contracts . . . . . . . . . . . . 7,811,112 26,309,713

Net increase in net assets resulting from operations . . . . . . . . . . . . . . . . . . . . . 19,211,849 27,919,160

From Dividends and DistributionsDividends from net investment income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (12,652,428) (13,048,787)Return of capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,153,355) (752,942)

Net decrease in net assets resulting from dividends . . . . . . . . . . . . . . . . . . . (13,805,783) (13,801,729)

From Capital Share Transactions (Note 6)Issuance of 13,164 and 15,864 shares through the directors compensation

plan (Note 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47,195 53,991

Net increase in net assets from capital share transactions . . . . . . . . . . . . . . . . . 47,195 53,991

Net increase in net assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,453,261 14,171,422Net Assets

Beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 182,019,031 167,847,609

End of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 187,472,292 $ 182,019,031

Undistributed (Overdistributed) net investment income . . . . . . . . . . . . . . . . . . . $ 165,433 $ (1,886)


Credit Suisse Asset Management Income Fund, Inc.Statement of Cash FlowsFor the Year Ended December 31, 2017

Reconciliation of Net Increase in Net Assets from Operations to Net Cash Usedby Operating ActivitiesNet increase in net assets resulting from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 19,211,849

Adjustments to Reconcile Net Increase in Net Assets from Operations to NetCash Used by Operating ActivitiesIncrease in dividend and interest receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ (170,426)Increase in accrued expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 84,371Decrease in payable upon return of securities loaned . . . . . . . . . . . . . . . . . . . . . . . . . . . (7,063,893)Decrease in prepaid expenses and other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 348Increase in investment advisory fee payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16,210Net accretion of discount on investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,030,331)Purchases of long-term securities, net of change in payable for investments

purchased . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (171,926,269)Sales of long-term securities, net of change in receivable for investments sold . . . . . . . 127,664,889Purchases of short-term securities, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,139,007Net change in unrealized (appreciation) depreciation from investments and forward

foreign currency contracts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (7,788,252)Net realized loss from investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 887,480

Total adjustments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (47,186,866)

Net cash used by operating activities1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ (27,975,017)

Cash Flows From Financing ActivitiesBorrowings on credit facility . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 55,000,000Repayments of credit facility . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (9,000,000)Proceeds from issuance of shares through trustee compensation . . . . . . . . . . . . . . . . . 47,195Proceeds from the sale of shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (22,486)Cash distributions paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (13,805,783)

Net cash provided by financing activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32,218,926

Net increase in cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,243,909Cash — beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 140,251

Cash — end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 4,384,160

Non-Cash Activity:Issuance of shares through dividend reinvestments . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ —

1 Included in net cash used by operating activities is cash of $303,557 paid for interest on borrowings.


Credit Suisse Asset Management Income Fund, Inc.Financial Highlights

For the Year Ended December 31,2017 2016 2015 2014 2013

Per share operating performanceNet asset value, beginning of year . . . . . . . . . . . . . . . . . $ 3.48 $ 3.21 $ 3.62 $ 3.84 $ 3.80

INVESTMENT OPERATIONSNet investment income . . . . . . . . . . . . . . . . . . . . . . . . . . 0.24 0.25 0.25 0.25 0.28Net gain (loss) on investments, foreign currency

transactions and forward foreign currency contracts(both realized and unrealized) . . . . . . . . . . . . . . . . . . . 0.12 0.28 (0.40) (0.19) 0.05

Total from investment activities . . . . . . . . . . . . . . . . . 0.36 0.53 (0.15) 0.06 0.33

LESS DIVIDENDS AND DISTRIBUTIONSDividends from net investment income . . . . . . . . . . . . . (0.24) (0.25) (0.26) (0.27) (0.29)Return of capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (0.02) (0.01) — (0.01) (0.01)

Total dividends and distributions . . . . . . . . . . . . . . . . (0.26) (0.26) (0.26) (0.28) (0.30)

CAPITAL SHARE TRANSACTIONSIncrease to net asset value due to shares issued

through at-the-market offerings . . . . . . . . . . . . . . . . . — — — — 0.01

Net asset value, end of year . . . . . . . . . . . . . . . . . . . . . . . . $ 3.58 $ 3.48 $ 3.21 $ 3.62 $ 3.84

Per share market value, end of year . . . . . . . . . . . . . . . . . . $ 3.31 $ 3.16 $ 2.78 $ 3.29 $ 3.56

TOTAL INVESTMENT RETURN1

Net asset value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.34% 18.64% (3.35)% 1.92% 9.34%Market value . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.37% 24.39% (7.90)% (0.09)% (4.42)%

RATIOS AND SUPPLEMENTAL DATANet assets, end of year (000s omitted) . . . . . . . . . . . . . . $187,472 $182,019 $167,848 $189,343 $200,780

Ratio of expenses to average net assets . . . . . . . . . . . 1.06% 0.74% 0.66% 0.71% 0.76%Ratio of expenses to average net assets excluding

interest expense2 . . . . . . . . . . . . . . . . . . . . . . . . . . 0.90% 0.74% 0.66% 0.71% 0.76%Ratio of net investment income to average net

assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.75% 7.66% 7.21% 6.60% 7.40%Asset Coverage per $1,000 of Indebtedness . . . . . . . $ 5,075 $ — $ — $ — $ —

Portfolio turnover rate . . . . . . . . . . . . . . . . . . . . . . . . . . 64% 53% 51% 67% 69%1 Total investment return at net asset value is based on the change in the net asset value of Fund shares and assumes reinvestment of

dividends and distributions, if any, at actual prices pursuant to the Fund’s dividend reinvestment program. Total investment returnat market value is based on the change in the market price at which the Fund’s shares traded on the stock exchange during theperiod and assumes reinvestment of dividends and distributions, if any, at actual prices pursuant to the Fund’s dividendreinvestment program. Because the Fund’s shares trade in the stock market based on investor demand, the Fund may trade at aprice higher or lower than its NAV. Therefore, returns are calculated based on NAV and share price.

2 Presentation of 2013-2014 adjusted to conform with current period presentation.


Credit Suisse Asset Management Income Fund, Inc.Notes to Financial StatementsDecember 31, 2017

Note 1. Organization

Credit Suisse Asset Management Income Fund, Inc. (the “Fund”) was incorporated on February 11, 1987 and isregistered as a diversified, closed-end management investment company under the Investment Company Act of1940, as amended (the “1940 Act”). The investment objective of the Fund is to provide current income consistentwith the preservation of capital.

Note 2. Significant Accounting Policies

The following is a summary of significant accounting policies followed by the Fund in the preparation of itsfinancial statements. The policies are in accordance with generally accepted accounting principles in the UnitedStates of America (“GAAP”). The preparation of financial statements requires management to make estimatesand assumptions that affect the reported amounts and disclosures in the financial statements. Actual results coulddiffer from those estimates. The Fund is considered an investment company for financial reporting purposesunder GAAP and follows Accounting Standards Codification (“ASC”) Topic 946 — Financial Services —Investment Companies.

A) SECURITY VALUATION — The net asset value of the Fund is determined daily as of the close of regulartrading on the New York Stock Exchange, Inc. (the “Exchange”) on each day the Exchange is open for business.The valuations for fixed income securities (which may include, but are not limited to, corporate, government,municipal, mortgage-backed, collateralized mortgage obligations and asset-backed securities) and certainderivative instruments are typically the prices supplied by independent third party pricing services, which mayuse market prices or broker/dealer quotations or a variety of valuation techniques and methodologies. Theindependent third party pricing services use inputs that are observable such as issuer details, interest rates, yieldcurves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar securities. Thesepricing services generally price fixed income securities assuming orderly transactions of an institutional “roundlot” size, but some trades occur in smaller “odd lot” sizes which may be effected at lower prices than institutionalround lot trades. Structured note agreements are valued in accordance with a dealer-supplied valuation based onchanges in the value of the underlying index. Futures contracts are valued daily at the settlement priceestablished by the board of trade or exchange on which they are traded. Forward contracts are valued at theLondon closing spot rates and the London closing forward point rates on a daily basis. The currency forwardcontract pricing model derives the differential in point rates to the expiration date of the forward and calculatesits present value. Equity securities for which market quotations are available are valued at the last reported salesprice or official closing price on the primary market or exchange on which they trade. The Fund may utilize aservice provided by an independent third party which has been approved by the Board of Directors (the “Board”)to fair value certain securities. When fair value pricing is employed, the prices of securities used by the Fund tocalculate its net asset value may differ from quoted or published prices for the same securities. If independentthird party pricing services are unable to supply prices for a portfolio investment, or if the prices supplied aredeemed by the investment adviser to be unreliable, the market price may be determined by the investmentadviser using quotations from one or more brokers/dealers or at the transaction price if the security has recentlybeen purchased and no value has yet been obtained from a pricing service or pricing broker. When reliable pricesare not readily available, such as when the value of a security has been significantly affected by events after theclose of the exchange or market on which the security is principally traded, but before the Fund calculates its netasset value, the Fund values these securities as determined in accordance with procedures approved andestablished by the Board.

23

Credit Suisse Asset Management Income Fund, Inc.Notes to Financial Statements (continued)December 31, 2017

Note 2. Significant Accounting Policies (continued)

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

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

• 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 fairvalue of investments)

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

The following is a summary of the inputs used as of December 31, 2017 in valuing the Fund’s assets andliabilities carried at fair value:

Assets Level 1 Level 2 Level 3 Total

Investments in SecuritiesCorporate Bonds $ — $184,850,135 $ 1,627,887 $186,478,022Bank Loans — 27,481,114 8,431,068 35,912,182Asset Backed Securities — 2,591,703 — 2,591,703Common Stocks 861,502 — 1,480,492 (1) 2,341,994 (1)

Preferred Stocks — — 0(1) 0(1)

Short-Term Investments — 5,998,654 — 5,998,654

$861,502 $220,921,606 $11,539,447(1) $233,322,555(1)

Other Financial Instruments*Forward Foreign Currency Contracts $ — $ 8,324 $ — $ 8,324

Liabilities Level 1 Level 2 Level 3 Total

Other Financial Instruments*Forward Foreign Currency Contracts $ — $ 107,893 $ — $ 107,893

(1) Includes zero valued securities.* Other financial instruments include unrealized appreciation (depreciation) on forward foreign currency contracts.

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The following is a reconciliation of investments as of December 31, 2017 for which significant unobservableinputs were used in determining fair value. All transfers, if any, are assumed to occur at the end of the reportingperiod.

CorporateBonds

BankLoans

CommonStocks

PreferredStock Total

Balance as of December 31, 2016 $ 1,304,747 $ 9,282,581 $ 732,717(1) $ 0(1) $11,320,045(1)

Accrued discounts (premiums) 5,849 30,170 — — 36,019Purchases 1,878,944 6,228,963 968,201 — 9,076,108Sales (1,862,445) (7,088,488) (34,437) — (8,985,370)Realized gain (loss) (590,692) 238,373 (52,563) — (404,882)Change in unrealized appreciation (depreciation) 891,484 67,921 (133,426) — 825,979Transfers into Level 3 — — — — —Transfers out of Level 3 — (328,452) — — (328,452)

Balance as of December 31, 2017 $ 1,627,887 $ 8,431,068 $1,480,492(1) $ 0(1) $11,539,447(1)

Net change in unrealized appreciation (depreciation)from investments still held as of December 31, 2017 $ (3,866) $ 114,022 $ (215,895) $— $ (105,739)

(1) Includes zero valued securities.

Quantitative Disclosure About Significant Unobservable Inputs

Asset ClassFair Value

at 12/31/2017 Valuation TechniquesUnobservable

Input

Range(Weighted Average)

(per share)

Corporate Bonds $1,001,250 Vendor Pricing Single Broker Quote NA$ 9,946 Income Approach Expected Remaining Distribution NA$ 616,691 Market Approach Comparable Bond Price NA

Bank Loans $ 152,088 Market Approach Comparable Bond Price NA$8,278,980 Vendor Pricing Single Broker Quote $0.93—$1.03 ($0.99)

Common Stocks$ 72 Market Approach

Discount For Illiquidity andEBITDA Multiples $0.00—$10.38 ($0.18)

$1,172,046 Vendor Pricing Single Broker Quote $18.00—$428.46 ($25.01)

$ 308,374 Market/Income ApproachComparable Bond Price,Discounted Cash Flows $0.01—$26,913.07 ($662.23)

Preferred Stock $ 0 Market Approach Discount For Illiquidity NA

Each fair value determination is based on a consideration of relevant factors, including both observable andunobservable inputs. Observable and unobservable inputs that Credit Suisse Asset Management, LLC, the Fund’sinvestment adviser (“Credit Suisse” or the “Adviser”) considers may include (i) the existence of any contractualrestrictions on the disposition of securities; (ii) information obtained from the company, which may include ananalysis of the company’s financial statements, the company’s products or intended markets or the company’stechnologies; (iii) the price of the same or similar security negotiated at arm’s length in an issuer’s completedsubsequent round of financing; (iv) the price and extent of public trading in similar securities of the issuer or ofcomparable companies; or (v) a probability and time value adjusted analysis of contractual term. Where availableand appropriate, multiple valuation methodologies are applied to confirm fair value. To the extent that valuationis based on models or inputs that are less observable or unobservable in the market, determining fair valuerequires more judgment. Because of the inherent uncertainty of valuation, those estimated values may bematerially higher or lower than the values that would have been used had a ready market for the investments

25



existed. Accordingly, the degree of judgment exercised by the Fund in determining fair value is greatest forinvestments categorized in Level 3. In some circumstances, the inputs used to measure fair value might becategorized within different levels of the fair value hierarchy. In those instances, the fair value measurement iscategorized in its entirety in the fair value hierarchy based on the least observable input that is significant to thefair value measurement. Additionally, changes in the market environment and other events that may occur overthe life of the investments may cause the gains or losses ultimately realized on these investments to be differentfrom the valuations used at the date of these financial statements.

For the year ended December 31, 2017, there were no transfers between Level 1 and Level 2, but there was$328,452 transferred from Level 3 to Level 2 as a result of the availability of a pricing source supported byobservable 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 toauthoritative guidance on disclosures about derivative instruments and hedging activities which require that afund disclose (a) how and why an entity uses derivative instruments, (b) how derivative instruments andhedging activities are accounted for and (c) how derivative instruments and related hedging activities affect afund’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 andLiabilities at December 31, 2017 and the effect of these derivatives on the Statement of Operations for the yearended December 31, 2017.

Primary Underlying RiskDerivative

AssetsDerivativeLiabilities

RealizedGain (Loss)

Change inUnrealized

Appreciation(Depreciation)

Foreign currency exchange rateForward contracts $8,324 $107,893 $(352,833) $(208,656)

For the year ended December 31, 2017, the Fund held an average monthly value on a net basis of $7,707,126 inforward 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 TotalReturn, Credit Default and Interest Rate Swaps) and foreign exchange contracts entered into by the Fund. TheMaster Agreements may contain provisions regarding, among other things, the parties’ general obligations,representations, agreements, collateral requirements, events of default and early termination. Termination eventsapplicable to the Fund may occur upon a decline in the Fund’s net assets below a specified threshold over acertain period of time.

The following table presents by counterparty the Fund’s derivative assets, net of related collateral held by theFund, at December 31, 2017:

Counterparty

Gross Amount ofAssets Presented in theStatement of Assets and

Liabilities(a)

FinancialInstruments

and DerivativesAvailable for Offset

Non-CashCollateralReceived

CashCollateralReceived

Net Amountof Derivative

Assets

Morgan Stanley $8,324 $(8,324) $— $— $—

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The following table presents by counterparty the Fund’s derivative liabilities, net of related collateral pledgedby the Fund, at December 31, 2017:

Counterparty

Gross Amount ofLiabilities Presented in the

Statement of Assetsand Liabilities(a)

FinancialInstruments

and DerivativesAvailable for Offset

Non-CashCollateralPledged

CashCollateralPledged

Net Amountof Derivative

Liabilities

Morgan Stanley $107,893 $(8,324) $— $— $99,569

(a) Forward foreign currency contracts are included.

C) FOREIGN CURRENCY TRANSACTIONS — The books and records of the Fund are maintained in U.S.dollars. Transactions denominated in foreign currencies are recorded at the current prevailing exchange rates. Allassets and liabilities denominated in foreign currencies are translated into U.S. dollar amounts at the currentexchange rate at the end of the period. Reported net realized gain (loss) from foreign currency transactions arisesfrom sales of foreign currencies; currency gains or losses realized between the trade and settlement dates onsecurities transactions; and the difference between the amounts of dividends, interest, and foreign withholdingtaxes recorded on the Fund’s books and the U.S. dollar equivalent of the amounts actually received or paid. Netchange in unrealized gains and losses on translation of assets and liabilities denominated in foreign currenciesarises 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 operationsresulting from fluctuations in foreign exchange rates on investments from the fluctuations arising from changes inmarket prices of investments held. Such fluctuations are included with net realized and unrealized gain or lossfrom investments in the Statement of Operations.

D) SECURITY TRANSACTIONS AND INVESTMENT INCOME/EXPENSE — Security transactions areaccounted for on a trade date basis. Interest income/expense is recorded on the accrual basis. The Fund amortizespremiums and accretes discounts using the effective interest method. Dividend income/expense is recorded onthe ex-dividend date. The cost of investments sold is determined by use of the specific identification method forboth financial reporting and income tax purposes. To the extent any issuer defaults or a credit event occurs thatimpacts the issuer, the Fund may halt any additional interest income accruals and consider the realizability ofinterest accrued up to the date of default or credit event.

E) DIVIDENDS AND DISTRIBUTIONS TO SHAREHOLDERS — The Fund declares and pays dividends on amonthly basis and records them on ex-date. Distributions of net realized capital gains, if any, are declared andpaid at least annually. However, to the extent that a net realized capital gain can be reduced by a capital losscarryforward, such gain will not be distributed. Dividends and distributions to shareholders of the Fund arerecorded on the ex-dividend date and are determined in accordance with federal income tax regulations, whichmay differ from GAAP.

The Fund’s dividend policy is to distribute substantially all of its net investment income to its shareholders on amonthly basis. However, in order to provide shareholders with a more consistent yield to the current tradingprice of shares of common stock of the Fund, the Fund may at times pay out less than the entire amount of netinvestment income earned in any particular month and may at times in any month pay out such accumulated butundistributed income in addition to net investment income earned in that month. As a result, the dividends paidby the Fund for any particular month may be more or less than the amount of net investment income earned bythe Fund during such month.

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

In order to qualify as a RIC under the Code, the Fund must meet certain requirements regarding the source ofits income, the diversification of its assets and the distribution of its income. One of these requirements is that theFund derive at least 90% of its gross income for each taxable year from dividends, interest, payments with respectto certain securities loans, gains from the sale or other disposition of stock, securities or foreign currencies, otherincome derived with respect to its business of investing in such stock, securities or currencies or net incomederived 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 orliability from an uncertain position only if it is more likely than not that the position is sustainable based solely onits technical merits and consideration of the relevant taxing authority’s widely understood administrativepractices and procedures. The Fund has reviewed its current tax positions and has determined that no provisionfor income tax is required in the Fund’s financial statements. The Fund’s federal and state income and federalexcise tax returns for tax years for which the applicable statutes of limitations have not expired are subject toexamination by the Internal Revenue Service and state departments of revenue.

G) SHORT-TERM INVESTMENTS — The Fund, together with other funds/portfolios advised by Credit Suisse,pools available cash into a short-term variable rate time deposit issued by State Street Bank and Trust Company(“SSB”), the Fund’s custodian. The short-term time deposit issued by SSB is a variable rate account classified as ashort-term investment.

H) FORWARD FOREIGN CURRENCY CONTRACTS — A forward foreign currency exchange contract(“forward currency contract”) is a commitment to purchase or sell a foreign currency at the settlement date at anegotiated rate. The Fund will enter into forward currency contracts primarily for hedging foreign currency risk.Forward currency contracts are valued at the prevailing forward exchange rate of the underlying currencies andunrealized gain/loss is recorded daily. On the settlement date of the forward currency contract, the Fund recordsa realized gain or loss equal to the difference between the value of the contract at the time it was opened and thevalue of the contract at the time it was closed. Certain risks may arise upon entering into forward currencycontracts from the potential inability of counterparties to meet the terms of their contracts. The maximumcounterparty 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 favorableexchange rate movements during the term of the contract. The Fund’s open forward currency contracts atDecember 31, 2017 are disclosed in the Schedule of Investments.

I) SECURITIES LENDING — The initial collateral received by the Fund is required to have a value of at least102% of the market value of domestic securities on loan (including any accrued interest thereon) and 105% of themarket value of foreign securities on loan (including any accrued interest thereon). The collateral is maintainedthereafter at a value equal to at least 102% of the current market value of the securities on loan. The market valueof loaned securities is determined at the close of each business day of the Fund and any additional requiredcollateral is delivered to the Fund, or excess collateral returned by the Fund, on the next business day. Cashcollateral received by the Fund in connection with securities lending activity may be pooled together with cash

28



collateral for other funds/portfolios advised by Credit Suisse and may be invested in a variety of investments,including funds advised by SSB, the Fund’s securities lending agent, or money market instruments. However, inthe event of default or bankruptcy by the other party to the agreement, realization and/or retention of thecollateral may be subject to legal proceedings.

SSB has been engaged by the Fund to act as the Fund’s securities lending agent. As of December 31, 2017, the Fundhad investment securities on loan with a fair value of $3,758,423. Collateral received for securities loaned and a relatedliability of $3,833,160 are presented gross in the Statement of Assets and Liabilities. The collateral for securities loanedis valued consistently with the other investments held by the Fund and is included in Level 2 of the fair valuehierarchy. As of December 31, 2017, the value of the related collateral exceeded the value of the securities loaned.

The Fund’s securities lending arrangement provides that the Fund and SSB will share the net income earnedfrom securities lending activities. Securities lending income is accrued as earned. During the year endedDecember 31, 2017, total earnings from the Fund’s investment in cash collateral received in connection withsecurities lending arrangements was $85,133, of which $15,151 was rebated to borrowers (brokers). The Fundretained $52,518 in income from the cash collateral investment, and SSB, as lending agent, was paid $17,464.

J) OTHER — Lower-rated debt securities (commonly known as “junk bonds”) possess speculative characteristicsand are subject to greater market fluctuations and risk of lost income and principal than higher-rated debt securitiesfor a variety of reasons. Also, during an economic downturn or substantial period of rising interest rates, highlyleveraged issuers may experience financial stress which would adversely affect their ability to service their principaland 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 forwhich risk of potential loss exists due to changes in the market (market risk) or failure of the other party to atransaction to perform (credit risk). Similar to credit risk, the Fund may be exposed to counterparty risk, includingsecurities lending, or the risk that an institution or other entity with which the Fund has unsettled or opentransactions will default. The potential loss could exceed the value of the financial assets recorded in the financialstatements. Financial assets, which potentially expose the Fund to credit risk, consist principally of cash due fromcounterparties and investments. The extent of the Fund’s exposure to credit and counterparty risks in respect to thesefinancial 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 ofmarket prices of lower-rated debt securities and the Fund’s net asset value.

K) RECENT ACCOUNTING PRONOUNCEMENTS — In October 2016, the U.S. Securities and ExchangeCommission adopted new rules and amended existing rules (together, “final rules”) intended to modernize thereporting and disclosure of information by registered investment companies. In part, the final rules amendRegulation S-X and require standardized, enhanced disclosure about derivatives in investment company financialstatements, as well as other amendments. The compliance date for the amendments to Regulation S-X is August 1,2017. The Fund has adopted the amendments to Regulation S-X and upon evaluation, has concluded that theamendments do not materially impact the financial statements. However, as required, additional or enhanceddisclosure has been included.

L) SUBSEQUENT EVENTS — In preparing the financial statements as of December 31, 2017, managementconsidered the impact of subsequent events for potential recognition or disclosure in these financial statements

29



through the date of release of this report. No such events requiring recognition or disclosure were identifiedthrough the date of the release of this report.

Note 3. Transactions with Affiliates and Related Parties

Credit Suisse serves as investment adviser for the Fund. For its investment advisory services, Credit Suisse isentitled to receive a fee from the Fund at a rate per annum, computed weekly and paid quarterly as follows:0.50% of the lower of the weekly stock price (market value) of the Fund’s outstanding shares or its averageweekly net assets. For the year ended December 31, 2017, investment advisory fees earned were $869,417.

SSB serves as Accounting and Administrative Agent for the Fund. For its administrative services, SSB receives afee, exclusive of out-of-pocket expenses, calculated in total for all the Credit Suisse funds/portfoliosco-administered by SSB and allocated based upon the relative average net assets of each fund/portfolio, subject toan annual minimum fee. For the year ended December 31, 2017, administrative services fees earned by SSB(including out-of-pocket expenses) with respect to the Fund were $58,069.

The Independent Directors receive a minimum of fifty percent (50%) of their annual retainer in the form of shares.During the years ended December 31, 2017 and 2016, 13,164 shares and 15,864 shares, respectively, were issuedthrough the Directors’ compensation plan. Directors as a group own less than 1% of the Fund’s outstanding shares.

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

Note 4. Line of Credit

Effective June 14, 2017, the Fund has a line of credit subject to annual renewal provided by SSB primarily toleverage its investment portfolio (the “SSB Agreement”). The Fund may borrow the lesser of: a) $90,000,000; b) anamount that is no greater than 33 1/3% of the Fund’s total assets minus the sum of liabilities (other thanaggregate indebtedness constituting leverage); and c) the Borrowing Base as defined in the SSB Agreement.Under the terms of the SSB Agreement, the Fund pays a commitment fee of 0.25% on the unused amount. Inaddition, the Fund pays interest on borrowings at LIBOR plus a spread. At December 31, 2017, the Fund hadloans outstanding under the SSB Agreement of $46,000,000. For the period June 21, 2017 through December 31,2017, the Fund had borrowings under the SSB Agreement as follows:

Average DailyLoan Balance

Weighted AverageInterest Rate %

Maximum DailyLoan Outstanding Interest Expense

$26,927,835 2.092% $50,000,000 $303,557

Prior to June 14, 2017, the Fund, together with other funds/portfolios advised by Credit Suisse (collectively, the“Participating Funds”), participated in a committed, unsecured line of credit facility (“Credit Facility”), with SSBin an aggregated amount of $250 million for temporary or emergency purposes under a first-come, first-servedbasis. Under the terms of the Credit Facility, the Participating Funds pay an aggregate commitment fee on theaverage unused amount of the Credit Facility, which is allocated among the Participating Funds in such manneras is determined by the governing Boards of the Participating Funds. For the period January 1, 2017 throughJune 13, 2017, the Fund had no borrowings outstanding under the Credit Facility.

The use of leverage by the Fund creates an opportunity for increased net income and capital appreciation forthe Fund, but, at the same time, creates special risks, and there can be no assurance that a leveraging strategy willbe successful during any period in which it is employed. The Fund intends to utilize leverage to provide the

30


Note 4. Line of Credit (continued)

shareholders with a potentially higher return. Leverage creates risks for shareholders including the likelihood ofgreater volatility of net asset value and market price of the Fund’s shares and the risk that fluctuations in interestrates on borrowings and short-term debt may affect the return to shareholders. To the extent the income or capitalappreciation 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 capitalappreciation from the securities purchased with such funds is not sufficient to cover the cost of leverage, thereturn to the Fund will be less than if leverage had not been used, and therefore the amount available fordistribution to shareholders as dividends and other distributions will be reduced. In the latter case, Credit Suissein its best judgment nevertheless may determine to maintain the Fund’s leveraged position if it deems such actionto 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 Fund’s lenders may establishguidelines for borrowing which may impose asset coverage or portfolio composition requirements that are morestringent than those imposed by the 1940 Act. There is no guarantee that the Fund’s borrowing arrangements orother arrangements for obtaining leverage will continue to be available, or if available, will be available on termsand conditions acceptable to the Fund. Expiration or termination of available financing for leveraged positions canresult in adverse effects to the Fund’s access to liquidity and its ability to maintain leverage positions, and may causethe Fund to incur losses. Unfavorable economic conditions also could increase funding costs, limit access to thecapital markets or result in a decision by lenders not to extend credit to the Fund. In addition, a decline in marketvalue of the Fund’s assets may have particular adverse consequences in instances where the Fund has borrowedmoney based on the market value of those assets. A decrease in market value of those assets may result in the lenderrequiring 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 year ended December 31, 2017, purchases and sales of investment securities (excluding short-terminvestments) were $172,313,865 and $124,842,331, respectively.

Note 6. Fund Shares

The Fund offers a Dividend Reinvestment Plan (the “Plan”) to its common stockholders. By participating in thePlan, dividends and distributions will be promptly paid to stockholders in additional shares of common stock ofthe Fund. The number of shares to be issued will be determined by dividing the total amount of the distributionpayable by the greater of (i) the net asset value per share (“NAV”) of the Fund’s common stock on the paymentdate, or (ii) 95% of the market price per share of the Fund’s common stock on the payment date. If the NAV of theFund’s common stock is greater than the market price (plus estimated brokerage commissions) on the paymentdate, Computershare (or a broker-dealer selected by Computershare) shall endeavor to apply the amount of suchdistribution to purchase shares of Fund common stock in the open market.

The Fund has one class of shares of common stock, par value $.001 per share; one hundred million shares areauthorized. Transactions in shares of common stock were as follows:

For the Year EndedDecember 31, 2017

For the Year EndedDecember 31, 2016

Shares issued through the Directors compensation plan 13,164 15,864

Net increase 13,164 15,864

31


Note 7. Income Tax Information and Distributions to Shareholders

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

The tax character of distributions paid by the Fund during the fiscal years ended December 31, 2017 andDecember 31, 2016 was as follows:

Ordinary Income Return of Capital2017 2016 2017 2016

$12,652,428 $13,048,787 $1,153,355 $752,942

The tax basis components of distributable earnings can differ from the amounts reflected in the Statement ofAssets and Liabilities by temporary book/tax differences. These differences are primarily due to differingtreatments of wash sales, PFIC adjustments and mark to market of forward currency contracts. At December 31,2017, the components of distributable earnings on a tax basis were as follows:

Accumulated realized loss $(13,496,816)Unrealized appreciation 4,045,114

$ (9,451,702)

At December 31, 2017, the Fund had short-term capital loss carryforwards subject to expiration and unlimitedlong-term capital loss carryforward available to offset possible future capital gains as follows:

Expires Unlimited Long-TermDecember 31, 2018 Loss Carryforwards

$499,359 $12,997,457

During the tax year ended December 31, 2017, $18,951,117 of capital loss carryforwards expired.

At December 31, 2017, the cost and net unrealized appreciation (depreciation) of investments and derivativesfor income tax purposes were as follows:

Cost of Investments $229,200,014

Unrealized appreciation $ 8,222,823Unrealized depreciation (4,199,851)

Net unrealized appreciation (depreciation) $ 4,022,972

To adjust for current period permanent book/tax differences which arose principally from differing book/taxtreatment of foreign currency gain/loss and defaulted bonds, paid-in capital was charged $19,074,301,undistributed net investment income was credited $208,314 and accumulated net realized loss was credited$18,865,987. Net assets were not affected by these reclassifications.

Note 8. Contingencies

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

32

Credit Suisse Asset Management Income Fund, Inc.Report of Independent Registered Public Accounting Firm

To the Board of Trustees and ShareholdersCredit Suisse Asset Management Income Fund, Inc.:

Opinion on the Financial Statements

We have audited the accompanying statement of assets and liabilities of Credit Suisse Asset ManagementIncome Fund, Inc. (the “Fund”) including the schedule of investments, as of December 31, 2017, and the relatedstatement of operations and cash flows for the year then ended, the statements of changes in net assets for each ofthe years in the two-year period then ended, and the related notes (collectively, the “financial statements”) andthe financial highlights for each of the years in the three-year period then ended. In our opinion, the financialstatements and financial highlights present fairly, in all material respects, the financial position of Credit SuisseAsset Management Income Fund, Inc. as of December 31, 2017, the results of its operations and cash flows for theyear then ended, the changes in its net assets for each of the years in the two-year period then ended, and thefinancial highlights for each of the years in the three-year period then ended in conformity with U.S. generallyaccepted accounting principles. The accompanying financial highlights for each of the years in the two-yearperiod ended December 31, 2014 were audited by other independent registered public accountants whose reportthereon dated February 26, 2015, expressed an unqualified opinion on those financial highlights.

Basis for Opinion

These financial statements and financial highlights are the responsibility of the Fund’s management. Ourresponsibility is to express an opinion on these financial statements and financial highlights based on our audits.We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States)(“PCAOB”) and are required to be independent with respect to the Fund in accordance with the U.S. federalsecurities laws and the applicable rules and regulations of the Securities and Exchange Commission and thePCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that weplan and perform the audit to obtain reasonable assurance about whether the financial statements and financialhighlights are free of material misstatement, whether due to error or fraud. Our audits included performingprocedures to assess the risks of material misstatement of the financial statements and financial highlights,whether due to error or fraud, and performing procedures that respond to those risks. Such procedures includedconfirmation of securities owned as of December 31, 2017, by correspondence with the custodian and broker or byother appropriate auditing procedures. Our audits also included evaluating the accounting principles used andsignificant estimates made by management, as well as evaluating the overall presentation of the financialstatements and financial highlights. We believe that our audits provide a reasonable basis for our opinion.

We have served as the auditor of one or more Credit Suisse Asset Management, LLC advised investmentcompanies since 2015.

New York, New YorkFebruary 20, 2018

33

Credit Suisse Asset Management Income Fund, Inc.Board Approval of Investment Management Agreement (unaudited)

In approving the renewal of the current Advisory Agreement for the Credit Suisse Asset Management IncomeFund, Inc. (the “Fund”), the Board of Directors of the Fund (the “Board”), including all of the Directors who arenot “interested persons” of the Fund as defined in the Investment Company Act of 1940 (the “IndependentDirectors”), at a meeting held on November 13 and 14, 2017, considered the following factors:

Investment Advisory Fee Rates and Expenses

The Board reviewed and considered the contractual investment advisory fee rate of 0.50% (the “ContractualAdvisory Fee”) for the Fund in light of the extent and quality of the advisory services provided by Credit SuisseAsset Management, LLC (“Credit Suisse”). The Board noted that Credit Suisse had contractually agreed to baseits current investment advisory fee upon the lower of the Fund’s average weekly stock price or its average weeklynet assets.

Additionally, the Board considered information comparing the Contractual Advisory Fee less waivers and/orreimbursements (the “Net Advisory Fee”) and the Fund’s overall expenses with those of funds in both therelevant expense group (“Expense Group”) and universe of funds (“Expense Universe”) provided by Broadridge,an independent provider of investment company data. The Board noted that the Fund’s advisory fees and overallexpenses were within the range of its peers, as presented in the Broadridge report. The Board was provided witha description of the methodology used to arrive at the funds included in the Expense Group and the ExpenseUniverse.

Nature, Extent and Quality of the Services under the Advisory Agreement

The Board received and considered information regarding the nature, extent and quality of services provided tothe Fund by Credit Suisse under the Advisory Agreement. The Board also noted information received at regularmeetings throughout the year related to the services rendered by Credit Suisse. The Board also considered CreditSuisse’s compliance program with respect to the Fund. The Board noted that Credit Suisse reports to the Boardabout portfolio management and compliance matters on a periodic basis. The Board reviewed backgroundinformation about Credit Suisse including its Form ADV Part 2 – Disclosure Brochure and Brochure Supplement.The Board considered the background and experience of Credit Suisse’s senior management and the expertise of,and the amount of attention given to the Fund by, senior personnel of Credit Suisse. In addition, the Boardreviewed the qualifications, backgrounds and responsibilities of the Fund management team primarilyresponsible for the day-to-day portfolio management of the Fund and the extent of the resources devoted toresearch and analysis of actual and potential investments, as well as the resources provided to them. The Boardevaluated the ability of Credit Suisse, based on its resources, reputation and other attributes, to attract and retainqualified investment professionals, including research, advisory, and supervisory personnel. The Board alsoreceived and considered information about the nature, extent and quality of services and fee rates offered to otherCredit Suisse clients for comparable services. The Board acknowledged Credit Suisse’s representation that theFund is different from other types of accounts offered by Credit Suisse and the services are different from thoseoffered to a sub-advised fund. The Board also considered that the services provided by Credit Suisse haveexpanded over time as a result of regulatory and other developments.

Fund Performance

The Board considered the performance results of the Fund over time, along with comparison to both therelevant performance group (“Performance Group”) and a universe of funds for the Fund (the “PerformanceUniverse”). The Board was provided with a description of the methodology used to arrive at the funds includedin the Performance Group and the Performance Universe. The Board considered the solid investment

34

Credit Suisse Asset Management Income Fund, Inc.Board Approval of Investment Management Agreement (unaudited) (continued)

performance of the Fund over various investment periods relative to its stated objectives as well as theperformance of the Fund relative to its peers.

Credit Suisse Profitability

The Board received and considered a profitability analysis of Credit Suisse based on the fees payable under theAdvisory Agreement for the Fund, as well as other relationships between the Fund on the one hand and CreditSuisse affiliates on the other. The Board deliberations also reflected Credit Suisse’s methodology for allocatingcosts to the Fund, recognizing that cost allocation methodologies are inherently subjective. The Board alsoreceived profitability information for the other funds in the Credit Suisse family of funds. The Board alsoreviewed Credit Suisse’s profit margin as reflected in the profitability analysis, as well as reviewing profitabilityin light of appropriate court cases and the services rendered to the Fund.

Economies of Scale

The Board considered information regarding whether there have been economies of scale with respect to themanagement of the Fund, whether the Fund has appropriately benefited from any economies of scale, andwhether there is potential for realization of any further economies of scale. The Board noted that furthereconomies of scale potentially could be realized if the Fund’s premium/discount ratios narrowed sufficiently topermit an additional offering to increase the Fund’s assets. The Board received information regarding CreditSuisse’s historical profitability, including Credit Suisse’s costs in providing services.

Other Benefits to Credit Suisse

The Board considered other benefits received by Credit Suisse and its affiliates as a result of their relationshipwith the Fund. Such benefits include, among others, benefits potentially derived from an increase in CreditSuisse’s businesses as a result of its relationship with the Fund (such as the ability to market to shareholders otherfinancial products offered by Credit Suisse and its affiliates).

The Board considered the standards applied in seeking best execution and their policies and practicesregarding soft dollars and reviewed Credit Suisse’s method for allocating portfolio investment opportunitiesamong its advisory clients.

Other Factors and Broader Review

As discussed above, the Board reviewed detailed materials received from Credit Suisse as part of the annualapproval process. The Board also reviews and assesses the quality of the services that the Fund receivesthroughout the year. In this regard, the Board reviews reports of Credit Suisse at least quarterly, which include,among other things, detailed portfolio and market reviews, detailed fund performance reports and Credit Suisse’scompliance procedures.

Conclusions

In selecting Credit Suisse, and approving the renewal of the Advisory Agreement and the investment advisoryfee under such agreement, the Board concluded that:

• The Contractual Advisory Fee and Net Advisory Fee, reviewed along with information provided byBroadridge for funds in the Fund’s Expense Group and Expense Universe, were reasonable in relation to theservices provided by Credit Suisse.

35

Credit Suisse Asset Management Income Fund, Inc.Board Approval of Investment Management Agreement (unaudited) (continued)

• The Board was satisfied with the nature, extent and quality of the investment advisory services provided tothe Fund by Credit Suisse and that, based on dialogue with management and counsel, the services providedby Credit Suisse under the Advisory Agreement are typical of, and consistent with, those provided tosimilar mutual funds by other investment advisers.

• In light of the costs of providing investment management and other services to the Fund and Credit Suisse’songoing commitment to the Fund and willingness to base the fee on the lower of the Fund’s average weeklystock price or its average weekly net assets, Credit Suisse’s profitability based on fees payable under theAdvisory Agreement, as well as other ancillary benefits that Credit Suisse and its affiliates received, wereconsidered reasonable.

• In light of the information received and considered by the Board, the Fund’s current fee structure wasconsidered reasonable.

No single factor reviewed by the Board was identified by the Board as the principal factor in determiningwhether to approve the renewal of the Advisory Agreement. The Independent Directors were advised byseparate independent legal counsel throughout the process.

36

Credit Suisse Asset Management Income Fund, Inc.Information Concerning Directors and Officers (unaudited)

Name, Address(Year of Birth)

Position(s)Held with Fund

Termof Office1

andLengthof TimeServed

PrincipalOccupation(s)DuringPast Five Years

Number ofPortfolios inFundComplexOverseen byDirector

OtherDirectorshipsHeld by Director

Independent Directors

Terry F. Bovarnickc/o Credit Suisse AssetManagement, LLCAttn: General CounselOne Madison AvenueNew York, New York10010

(1958)

Director; NominatingCommittee and AuditCommittee member

Since 2006;current termends at the2019 annualmeeting

Currently retired. 2 None

James J. Cattanoc/o Credit Suisse AssetManagement, LLCAttn: General CounselOne Madison AvenueNew York, New York10010

(1943)

Director; NominatingCommittee memberand Audit CommitteeChairman


President of CoastalTrade Corporation(internationalcommodity trade)from October 2009 toSeptember 2013;President, PrimaryResources, Inc. (aninternational tradingand manufacturingcompany specializingin the sale ofagriculturalcommoditiesthroughout LatinAmerican markets)from October 1996 toOctober 2011.

2 Director of Aberdeen ChileFund, Inc., AberdeenIndonesia Fund, Inc.,Aberdeen Israel Fund, Inc.,Aberdeen Latin AmericaEquity Fund, Inc., andAberdeen Emerging MarketsSmaller CompanyOpportunities Fund, Inc.(each a closed-endinvestment company).

Lawrence Foxc/o Credit Suisse AssetManagement, LLCAttn: General CounselOne Madison AvenueNew York, New York10010

(1943)

Director; NominatingCommittee member


Partner of Schoeman,Updike & KaufmanLLP since February2017; Partner ofDrinker Biddle &Reath (law firm) from1972 to January 2017,Lecturer at Yale LawSchool since 2009.

2 Director of Aberdeen ChileFund, Inc., Aberdeen IsraelFund, Inc., Aberdeen LatinAmerica Equity Fund, Inc.(each a closed-endinvestment company);Director of DynasilCorporation of America (amanufacturing company).

1 Each Director and Officer serves until his or her respective successor has been duly elected and qualified.

37

Credit Suisse Asset Management Income Fund, Inc.Information Concerning Directors and Officers (unaudited) (continued)



Termof Office1

andLengthof TimeServed

PrincipalOccupation(s)DuringPast Five Years

Number ofPortfolios inFundComplexOverseen byDirector

OtherDirectorshipsHeld by Director

Steven N. RappaportLehigh Court, LLC555 Madison Avenue29th FloorNew York, New York10022

(1948)

Chairman of theBoard, NominatingCommittee Chairmanand Audit Committeemember

Chairmansince 2012 andDirector since2005; currentterm ends atthe 2020annualmeeting

Partner of LehighCourt, LLC and RZCapital (privateinvestment firms)from July 2002 topresent; Partner ofBackstage AcquisitionHoldings, LLC(publication jobpostings) fromNovember 2013 topresent.

10 Director of iCAD, Inc.(surgical and medicalinstruments and apparatuscompany); Director ofAberdeen Chile Fund, Inc.,Aberdeen Emerging MarketsSmaller CompanyOpportunities Fund, Inc.,Aberdeen Israel Fund, Inc.,Aberdeen Indonesia Fund,Inc. and Aberdeen LatinAmerica Equity Fund, Inc.(each a closed-endinvestment company);Director of Aberden Funds(23 open-end portfolios);Director of Presstek, Inc.(digital imaging technologiescompany) from 2003 to 2012;Director of Wood Resources,LLC. (plywoodmanufacturing company)from 2003 to October 2013.

Interested Director

John G. Popp*Credit Suisse AssetManagement, LLCOne Madison AvenueNew York, New York10010

(1956)

Director, ChiefExecutive Officer andPresident

Director since2013; currentterm ends atthe 2018annualmeeting; ChiefExecutiveOffice andPresidentsince 2010

Managing Director ofCredit Suisse AssetManagement, LLC;Global Head andChief InvestmentOfficer of the CreditSuisse InvestmentGroup; Associatedwith Credit SuisseAsset Management,LLC or itspredecessor since1997; President andChief ExecutiveOffice of other CreditSuisse Funds.

10 Trustee of Credit SuisseHigh Yield Bond Fund;(a closed-end investmentcompany); Trustee ofCredit Suisse Funds (8open-end portfolios).

1 Each Director and Officer serves until his or her respective successor has been duly elected and qualified.* Mr. Popp is an “interested person” of the Fund as defined in the 1940 Act by virtue of his current position as an officer of Credit Suisse.

38

Credit Suisse Asset Management Income Fund, Inc.Information Concerning Directors and Officers (unaudited) (continued)



Termof Office1

and Lengthof TimeServed Principal Occupation(s) During Past Five Years

Officers**

Thomas J. FlanneryCredit Suisse AssetManagement, LLCOne Madison AvenueNew York, New York10010

(1974)

Chief InvestmentOfficer

Since 2010 Managing Director of Credit Suisse and Head of the CreditSuisse U.S. High Yield Management Team; Associated withCredit Suisse Group AG since 2000; Officer of other CreditSuisse Funds.

Emidio MorizioCredit Suisse AssetManagement, LLCOne Madison AvenueNew York, New York10010

(1966)

Chief ComplianceOfficer

Since 2004 Managing Director and Global Head of Compliance of CreditSuisse since 2010; Associated with Credit Suisse since July2000; Officer of other Credit Suisse Funds.

Lou Anne McInnisCredit Suisse AssetManagement, LLCOne Madison AvenueNew York, New York10010

(1959)

Chief Legal Officer Since 2015 Director of Credit Suisse; Associated with Credit Suisse sinceApril 2015; Counsel at DLA Piper US LLP from 2011 to April2015; Associated with Morgan Stanley InvestmentManagement from 1997 to 2010; Officer of other Credit SuisseFunds.

Laurie PechaCredit Suisse AssetManagement, LLCOne Madison AvenueNew York, New York10010

(1961)

Chief Financial Officer Since 2016 Director of Credit Suisse since August 2016; SeniorConsultant of Spectra Professional Services, LLC fromJanuary 2012 to July 2016; Vice President of Legg Mason &Co. from March 2007 to December 2011; Officer of otherCredit Suisse Funds.

Esther CheungCredit Suisse AssetManagement, LLCOne Madison AvenueNew York, New York10010

(1980)

Treasurer Since 2016 Vice President of Credit Suisse since 2015; Associated withReich & Tang Asset Management, LLC from June 2010 toAugust 2015; Officer of other Credit Suisse Funds.

Karen ReganCredit Suisse AssetManagement, LLCOne Madison AvenueNew York, New York10010

(1963)

Senior Vice Presidentand Secretary

Since 2010 Vice President of Credit Suisse; Associated with Credit Suissesince December 2004; Officer of other Credit Suisse Funds.

1 Each Director and Officer serves until his or her respective successor has been duly elected and qualified.** The officers of the Fund shown are officers that make policy decisions.

39

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-monthperiod ended June 30 of each year, as well as the policies and procedures that the Fund uses to determine how tovote proxies relating to its portfolio securities are available:

• By calling 1-800-293-1232

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

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

The Fund files a complete schedule of its portfolio holdings for the first and third quarters of its fiscal year withthe SEC on Form N-Q. The Fund’s Forms N-Q are available on the SEC’s website at www.sec.gov and may bereviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of theSEC’s Public Reference Room may be obtained by calling 1-202-551-8090.

Funds Managed by Credit Suisse Asset Management, 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 at1-800-293-1232 or visit our website at www.credit-suisse.com/us/funds

OPEN-END FUNDS

Credit Suisse Commodity Return Strategy Fund Credit Suisse Strategic Income FundCredit Suisse Floating Rate High Income Fund Credit Suisse Commodity ACCESS Strategy FundCredit Suisse Multialternative Strategy Fund Credit Suisse Managed Futures Strategy Fund

Fund shares are not deposits or other obligation of Credit Suisse Asset Management, LLC or any affiliate, arenot FDIC-insured and are not guaranteed by Credit Suisse Asset Management, LLC or any affiliate. Fundinvestments are subject to investment risks, including loss of your investment. There are special riskconsiderations 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, whichshould be read carefully before investing. You may obtain copies by calling Credit Suisse Funds at1-877-870-2874. Performance information current to the most recent month-end is available at www.credit-suisse.com/us/funds.

Credit Suisse Securities (USA) LLC, Distributor.

40

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 CashPurchase Plan (the “Plan”) to its common stockholders. The Plan offers common stockholders a prompt andsimple way to reinvest net investment income dividends and capital gains and other periodic distributions inshares of the Fund’s common stock. Computershare Trust Company, N.A. (“Computershare”) acts as Plan Agentfor stockholders in administering the Plan.

If your shares of common stock of the Fund are registered in your own name, you will automatically participatein the Plan, unless you have indicated that you do not wish to participate and instead wish to receive dividendsand capital gains distributions in cash. If you are a beneficial owner of the Fund having your shares registered inthe name of a bank, broker or other nominee, you must first make arrangements with the organization in whosename your shares are registered to have the shares transferred into your own name. Registered shareholders canjoin the Plan via the Internet by going to www.computershare.com, authenticating your online account, agreeingto 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 sharesof common stock of the Fund. The number of shares to be issued to you will be determined by dividing the totalamount of the distribution payable to you by the greater of (i) the net asset value per share (“NAV”) of the Fund’scommon stock on the payment date, or (ii) 95% of the market price per share of the Fund’s common stock on thepayment date. If the NAV of the Fund’s common stock is greater than the market price (plus estimated brokeragecommissions) on the payment date, then Computershare (or a broker-dealer selected by Computershare) shallendeavor to apply the amount of such distribution on your shares to purchase shares of Fund common stock inthe open market.

You should be aware that all net investment income dividends and capital gain distributions are taxable to youas ordinary income and capital gain, respectively, whether received in cash or reinvested in additional shares ofthe 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 sharesfor 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 ratashare of the brokerage commissions for all open market purchases ($0.03 per share as of October 2006).Participants will also be charged a service fee of $5.00 for each sale and brokerage commissions of $0.03 per share(as of October 2006).

You may terminate your participation in the Plan at any time by notifying Computershare or requesting a saleof your shares held in the Plan. Your withdrawal will be effective immediately if your notice is received byComputershare prior to any dividend or distribution record date; otherwise, such termination will be effectiveonly with respect to any subsequent dividend or distribution. Your dividend participation option will remain thesame unless you withdraw all of your whole and fractional Plan shares, in which case your participation in thePlan will be terminated and you will receive subsequent dividends and capital gains distributions in cash insteadof shares.

41

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 ComputershareP.O. Box 30170College Station, TX 77842-3170

Overnight correspondence should be sent to:Computershare211 Quality Circle, Suite 210College Station, TX 77845

All notices, correspondence, questions or other communications sent by mail should be sent by registered orcertified mail, return receipt requested.

The Plan may be terminated by the Fund or Computershare upon notice in writing mailed to each participantat least 30 days prior to any record date for the payment of any dividend or distribution.

42

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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-AR-1217

Documents

Credit Suisse Asset Management Income Fund, Inc.us-fund.credit-suisse.com/docs/filings/CIK 2017 Annual Report.pdfCredit Suisse Asset Management Income Fund, Inc. Annual Investment