Edgar Filing: CREDIT SUISSE HIGH YIELD BOND FUND

CS HIGH YIELD BOND FUND

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-08777

CREDIT SUISSE HIGH YIELD BOND FUND

(Exact name of registrant as specified in charter)

c/o Credit Suisse Asset Management, LLC

One Madison Avenue

New York, New York 10010

(Address of principal executive offices) (Zip code)

John G. Popp

One Madison Avenue

New York, New York 10010

(Name and address of agent for service)


Registrant’s telephone number, including area code: (212) 325-2000
Date of fiscal year-end:		October 31st
Date of reporting period:		May 1, 2014 to July 31, 2014

Item 1:

Schedule of Investments

Credit Suisse High Yield Bond Fund

Schedule of Investments

July 31, 2014 (unaudited)


Par (000)			Ratings† (S&P/Moody’s)	Maturity		Rate%		Value

	CORPORATE BONDS (117.6%)
	Aerospace & Defense (0.5%)
	$ 1,411	Ducommun, Inc., Global Company Guaranteed Notes (Callable 07/15/15 @ 104.88)	(B, B3)		07/15/18		9.750	$	1,562,683


	Airlines (0.4%)
	750	Continental Airlines 2012-3, Class C Pass Thru Certificates	(B+, B1)		04/29/18		6.125		802,500
	300	United Continental Holdings, Inc., Company Guaranteed Notes§	(B, B2)		06/01/18		6.375		321,750

									1,124,250


	Auto Parts & Equipment (1.9%)
	1,000	Gestamp Funding Luxembourg S.A., Rule 144A, Senior Secured Notes (Callable 05/31/16 @ 102.81)‡	(BB, B1)		05/31/20		5.625		1,022,500
	525	Lear Corp., Company Guaranteed Notes (Callable 03/15/15 @ 104.06)	(BB, Ba2)		03/15/20		8.125		563,063
	500	Schaeffler Holding Finance B.V., PIK, Rule 144A, Senior Secured Notes (Callable 09/02/14 @ 105.16)‡	(B, B1)		08/15/18		7.625		527,500
	4,000	UCI International, Inc., Global Company Guaranteed Notes (Callable 02/15/15 @ 104.31)	(CCC, Caa1)		02/15/19		8.625		3,720,000

									5,833,063


	Automakers (0.4%)
	1,000	CG Co-Issuer, Inc., Global Secured Notes (Callable 06/15/16 @ 104.13)	(B, B1)		06/15/21		8.250		1,105,000


	Banking (1.1%)
	3,400	Infinity Acquisition Finance Corp., Rule 144A, Senior Secured Notes (Callable 08/01/17 @ 103.63)‡	(CCC+, Caa2)		08/01/22		7.250		3,417,000


	Beverages (0.2%)
	563	Beverages & More, Inc., Rule 144A, Senior Secured Notes (Callable 11/15/15 @ 105.00)‡	(CCC+, Caa2)		11/15/18		10.000		545,406


	Brokerage (2.6%)
	3,090	CCRE Finance Corp., Rule 144A, Company Guaranteed Notes (Callable 02/15/15 @ 105.81)‡	(B, B1)		02/15/18		7.750		3,321,750
	2,950	Jefferies Finance LLC, Rule 144A, Senior Unsecured Notes (Callable 04/01/16 @ 105.53)‡	(B, B1)		04/01/20		7.375		3,104,875
	1,400	Jefferies Finance LLC, Rule 144A, Senior Unsecured Notes (Callable 04/15/17 @ 105.16)‡	(B, B1)		04/15/22		6.875		1,405,250

									7,831,875


	Building & Construction (1.2%)
	1,000	AV Homes, Inc., Rule 144A, Senior Unsecured Notes (Callable 07/01/16 @ 106.38)‡	(B-, Caa1)		07/01/19		8.500		1,020,000
	600	K Hovnanian Enterprises, Inc., Global Senior Secured Notes	(CCC+, Ba3)		11/01/21		2.000		417,000
	2,200	Rialto Corp., Rule 144A, Company Guaranteed Notes (Callable 12/01/15 @ 103.50)‡	(B, B2)		12/01/18		7.000		2,270,125

									3,707,125


	Building Materials (4.0%)
	4,400	Euramax International, Inc., Global Senior Secured Notes (Callable 09/02/14 @ 104.75)	(B-, Caa2)		04/01/16		9.500		4,334,000
	2,500	Headwaters, Inc., Global Company Guaranteed Notes (Callable 01/15/16 @ 103.63)	(CCC+, Caa2)		01/15/19		7.250		2,625,000
	3,750	Headwaters, Inc., Global Secured Notes (Callable 04/01/15 @ 103.81)	(B+, B2)		04/01/19		7.625		3,956,250
	1,275	The Hillman Group, Inc., Rule 144A, Senior Unsecured Notes (Callable 07/15/17 @ 104.78)‡	(CCC+, Caa1)		07/15/22		6.375		1,262,250

									12,177,500


	Chemicals (6.0%)
	300	Axalta Coating Systems Dutch Holding B, Rule 144A, Company Guaranteed Notes (Callable 02/04/16 @ 105.53)‡§	(B-, Caa1)		05/01/21		7.375		320,250
	3,025	Chemtura Corp., Company Guaranteed Notes (Callable 07/15/16 @ 104.31)	(BB-, B1)		07/15/21		5.750		3,100,625


Par (000)			Ratings† (S&P/Moody’s)	Maturity		Rate%		Value

	CORPORATE BONDS
	Chemicals
	$ 3,196	GrafTech International Ltd., Global Company Guaranteed Notes (Callable 11/15/16 @ 103.19)	(BB+, Ba2)		11/15/20		6.375	$	3,283,890
	250	Ineos Finance PLC, Rule 144A, Senior Secured Notes (Callable 02/15/15 @ 102.00)‡€#	(BB-, Ba3)		02/15/19		7.250		349,552
	1,500	Ineos Finance PLC, Rule 144A, Senior Secured Notes (Callable 05/01/15 @ 105.63)‡	(BB-, Ba3)		05/01/20		7.500		1,612,500
	650	Ineos Group Holdings S.A., Rule 144A, Company Guaranteed Notes (Callable 05/15/15 @ 103.25)‡§	(B-, B3)		08/15/18		6.125		658,937
	1,100	Nufarm Australia Ltd., Rule 144A, Company Guaranteed Notes (Callable 10/15/15 @ 104.78)‡	(B+, B1)		10/15/19		6.375		1,142,625
	3,204	Polymer Group, Inc., Global Senior Secured Notes (Callable 02/01/15 @ 103.88)	(B-, B2)		02/01/19		7.750		3,380,220
	1,775	Polymer Group, Inc., Rule 144A, Company Guaranteed Notes (Callable 12/01/15 @ 105.16)‡	(CCC+, Caa1)		06/01/19		6.875		1,794,969
	272	Reichhold Industries, Inc., PIK, Rule 144A, Senior Secured Notes‡	(CC, NR)		05/08/17		9.000		186,084
	2,500	Taminco Global Chemical Corp., Rule 144A, Secured Notes (Callable 03/31/15 @ 107.31)‡	(B-, Caa1)		03/31/20		9.750		2,756,250

									18,585,902


	Computer Hardware (0.4%)
	1,000	NCR Corp., Global Company Guaranteed Notes (Callable 12/15/18 @ 103.19)	(BB, Ba3)		12/15/23		6.375		1,065,000

	Consumer Products (2.9%)
	3,100	Alphabet Holding Co., Inc., PIK, Global Senior Unsecured Notes (Callable 09/02/14 @ 103.00)	(B-, Caa1)		11/01/17		8.500		3,165,875
	3,690	NBTY, Inc., Global Company Guaranteed Notes (Callable 10/01/14 @ 104.50)	(B, B3)		10/01/18		9.000		3,865,275
	1,250	Ontex IV S.A., Rule 144A, Senior Secured Notes (Callable 09/01/14 @ 103.75)‡€	(B, Ba3)		04/15/18		7.500		1,743,715

									8,774,865


	Diversified Capital Goods (2.5%)
	2,210	Anixter, Inc., Global Company Guaranteed Notes	(BB, Ba3)		05/01/19		5.625		2,364,700
	3,584	Belden, Inc., Rule 144A, Company Guaranteed Notes (Callable 09/01/17 @ 102.75)‡	(B+, Ba2)		09/01/22		5.500		3,691,520
	1,561	Mueller Water Products, Inc., Global Company Guaranteed Notes (Callable 09/01/15 @ 104.38)	(NR, B1)		09/01/20		8.750		1,717,100

									7,773,320


	Energy - Exploration & Production (9.4%)
	4,514	Bonanza Creek Energy, Inc., Global Company Guaranteed Notes (Callable 04/15/17 @ 103.38)	(B-, B3)		04/15/21		6.750		4,717,130
	1,089	Comstock Resources, Inc., Company Guaranteed Notes (Callable 04/01/15 @ 103.88)	(B-, B3)		04/01/19		7.750		1,151,618
	600	Energy XXI Gulf Coast, Inc., Rule 144A, Company Guaranteed Notes (Callable 03/15/19 @ 103.44)‡	(B, B3)		03/15/24		6.875		598,500
	4,350	EPL Oil & Gas, Inc., Global Company Guaranteed Notes (Callable 02/15/15 @ 104.13)	(B, B3)		02/15/18		8.250		4,567,500
	500	Harkand Finance, Inc., Reg S, Rule 144A, Senior Secured Notes (Callable 03/28/16 @ 104.50)‡¹	(NR, NR)		03/28/19		7.500		508,750
	1,400	Memorial Production Finance Corp., Global Company Guaranteed Notes (Callable 05/01/17 @ 103.81)	(CCC+, Caa1)		05/01/21		7.625		1,445,500
	1,434	Oasis Petroleum, Inc., Company Guaranteed Notes (Callable 11/01/16 @ 103.25)	(B+, B2)		11/01/21		6.500		1,527,210
	2,000	Oasis Petroleum, Inc., Rule 144A, Company Guaranteed Notes (Callable 09/15/17 @ 103.44)‡	(B+, B2)		03/15/22		6.875		2,175,000
	3,172	PDC Energy, Inc., Global Company Guaranteed Notes (Callable 10/15/17 @ 103.88)	(B-, B3)		10/15/22		7.750		3,536,780
	3,625	Stone Energy Corp., Global Company Guaranteed Notes (Callable 11/15/17 @ 103.75)	(B-, B3)		11/15/22		7.500		3,905,937
	3,000	W&T Offshore, Inc., Global Company Guaranteed Notes (Callable 06/15/15 @ 104.25)	(B-, B3)		06/15/19		8.500		3,210,000


Par (000)			Ratings† (S&P/Moody’s)	Maturity		Rate%		Value

	CORPORATE BONDS
	Energy - Exploration & Production
	$ 1,350	Whiting Petroleum Corp., Company Guaranteed Notes (Callable 12/15/20 @ 100.00)	(BB+, Ba2)		03/15/21		5.750	$	1,478,250

									28,822,175


	Food - Wholesale (0.8%)
	1,090	Big Heart Pet Brands, Global Company Guaranteed Notes (Callable 09/02/14 @ 103.81)	(CCC+, Caa1)		02/15/19		7.625		1,125,425
	1,400	Smithfield Foods, Inc., Rule 144A, Senior Unsecured Notes (Callable 08/01/16 @ 104.41)‡	(BB-, B2)		08/01/21		5.875		1,473,500

									2,598,925


	Forestry & Paper (0.1%)
	300	Lecta S.A., Rule 144A, Senior Secured Notes (Callable 05/15/15 @ 106.66)‡€	(B, B2)		05/15/19		8.875		422,995
	950	Stone & Webster, Inc.²	(NR, NR)		10/23/19		0.000		950

									423,945


	Gaming (1.0%)
	976	Choctaw Resort Development Enterprise, Rule 144A, Senior Unsecured Notes (Callable 09/02/14 @ 101.21)‡	(B-, Caa1)		11/15/19		7.250		971,120
	1,500	Safari Holding Verwaltungs GmbH, Rule 144A, Senior Secured Notes (Callable 02/15/17 @ 104.13)‡€	(B, B2)		02/15/21		8.250		2,147,490

									3,118,610


	Gas Distribution (4.2%)
	3,469	Energy Transfer Equity LP, Senior Secured Notes	(BB, Ba2)		10/15/20		7.500		3,893,952
	1,450	Genesis Energy Finance Corp., Global Company Guaranteed Notes (Callable 02/15/17 @ 102.88)	(B, B1)		02/15/21		5.750		1,471,750
	2,750	Genesis Energy LP, Company Guaranteed Notes (Callable 06/15/19 @ 102.81)	(B, B1)		06/15/24		5.625		2,787,813
	4,525	Holly Energy Finance Corp., Global Company Guaranteed Notes (Callable 03/01/16 @ 103.25)	(BB-, B1)		03/01/20		6.500		4,751,250

									12,904,765


	Health Facilities (3.6%)
	1,850	MPT Finance Corp., Company Guaranteed Notes (Callable 02/15/17 @ 103.19)	(BB, Ba1)		02/15/22		6.375		1,979,500
	2,350	MPT Finance Corp., Global Company Guaranteed Notes (Callable 05/01/16 @ 103.44)	(BB, Ba1)		05/01/21		6.875		2,538,000
	2,220	Symbion, Inc., Global Company Guaranteed Notes (Callable 08/25/14 @ 100.00)	(CCC+, Caa2)		08/23/15		11.000		2,232,898
	1,950	Symbion, Inc., Global Senior Secured Notes (Callable 09/02/14 @ 104.00)	(B, B2)		06/15/16		8.000		2,037,750
	2,100	Tenet Healthcare Corp., Global Senior Unsecured Notes	(CCC+, B3)		04/01/22		8.125		2,352,000

									11,140,148


	Health Services (4.0%)
	1,500	Catalent Pharma Solutions, Inc., Global Company Guaranteed Notes (Callable 09/02/14 @ 101.50)	(B, Caa1)		10/15/18		7.875		1,529,250
	3,650	Covenant Surgical Partners, Inc., Rule 144A, Senior Secured Notes (Callable 08/01/16 @ 106.56)‡	(B-, B3)		08/01/19		8.750		3,650,000
	675	inVentiv Health, Inc., Rule 144A, Company Guaranteed Notes (Callable 09/02/14 @ 105.00)‡	(CCC, Caa3)		08/15/18		10.000		614,250
	2,400	MedAssets, Inc., Global Company Guaranteed Notes (Callable 11/15/14 @ 104.00)	(B, B3)		11/15/18		8.000		2,514,000
	425	Service Corp. International, Senior Unsecured Notes	(BB-, B1)		11/15/21		8.000		500,438
	3,428	STHI Holding Corp., Rule 144A, Secured Notes (Callable 09/02/14 @ 106.00)‡	(B, B2)		03/15/18		8.000		3,612,255

									12,420,193


	Insurance Brokerage (2.7%)
	4,125	A-S Merger Sub LLC, Rule 144A, Senior Unsecured Notes (Callable 12/15/15 @ 103.94)‡	(CCC+, Caa2)		12/15/20		7.875		4,300,312


Par (000)			Ratings† (S&P/Moody’s)	Maturity		Rate%		Value

	CORPORATE BONDS
	Insurance Brokerage
	$ 1,150	Hockey Merger Sub 2, Inc., Rule 144A, Senior Unsecured Notes (Callable 10/01/16 @ 105.91)‡	(CCC+, Caa2)		10/01/21		7.875	$	1,184,500
	1,750	Hub Holdings Finance, Inc., PIK, Rule 144A, Senior Unsecured Notes (Callable 07/15/15 @ 102.00)‡	(CCC+, Caa2)		07/15/19		8.875		1,736,875
	700	Towergate Finance PLC, Rule 144A, Senior Secured Notes (Callable 09/01/14 @ 101.00)‡#£	(NR, B1)		02/15/18		6.060		1,143,401

									8,365,088


	Investments & Misc. Financial Services (1.8%)
	1,500	Arrow Global Finance PLC, Rule 144A, Senior Secured Notes (Callable 03/01/16 @ 103.94)‡£	(BB-, B2)		03/01/20		7.875		2,697,058
	1,500	Cabot Financial Luxembourg S.A., Rule 144A, Senior Secured Notes (Callable 10/01/15 @ 107.78)‡£	(B+, B2)		10/01/19		10.375		2,893,323

									5,590,381


	Leisure (0.9%)
	2,825	Six Flags Entertainment Corp., Rule 144A, Company Guaranteed Notes (Callable 01/15/16 @ 103.94)‡	(BB-, B3)		01/15/21		5.250		2,817,938


	Media - Broadcast (0.8%)
	2,450	Sinclair Television Group, Inc., Global Unsecured Notes (Callable 10/01/17 @ 103.06)	(B+, B1)		10/01/22		6.125		2,541,875


	Media - Cable (3.2%)
	2,000	Altice Financing S.A., Rule 144A, Senior Secured Notes (Callable 12/15/16 @ 104.88)‡	(BB-, B1)		01/15/22		6.500		2,060,000
	75	Cablevision Systems Corp., Senior Unsecured Notes	(B, B1)		04/15/18		7.750		83,719
	1,150	Cablevision Systems Corp., Senior Unsecured Notes	(B, B1)		04/15/20		8.000		1,300,937
	1,500	DISH DBS Corp., Global Company Guaranteed Notes	(BB-, Ba3)		09/01/19		7.875		1,728,750
	500	DISH DBS Corp., Global Company Guaranteed Notes	(BB-, Ba3)		06/01/21		6.750		551,250
	1,000	Harron Finance Corp., Rule 144A, Senior Unsecured Notes (Callable 04/01/16 @ 104.56)‡	(B-, Caa1)		04/01/20		9.125		1,115,000
	1,250	Midcontinent Communications & Midcontinent Finance Corp., Rule 144A, Company Guaranteed Notes (Callable 08/01/16 @ 104.69)‡	(B-, B3)		08/01/21		6.250		1,284,375
	1,000	Virgin Media Finance PLC, Rule 144A, Company Guaranteed Notes (Callable 04/15/18 @ 103.50)‡£	(B, B2)		04/15/23		7.000		1,820,831

									9,944,862


	Media - Diversified (3.2%)
	4,000	Block Communications, Inc., Rule 144A, Senior Unsecured Notes (Callable 02/01/16 @ 103.63)‡	(BB-, Ba3)		02/01/20		7.250		4,220,000
	1,000	National CineMedia LLC, Global Senior Secured Notes (Callable 04/15/17 @ 103.00)	(BB-, Ba2)		04/15/22		6.000		1,037,500
	3,074	National CineMedia LLC, Global Senior Unsecured Notes (Callable 07/15/16 @ 103.94)	(B, B2)		07/15/21		7.875		3,335,290
	1,300	Outerwall, Inc., Rule 144A, Company Guaranteed Notes (Callable 06/15/17 @ 104.41)‡	(BB-, Ba3)		06/15/21		5.875		1,283,750

									9,876,540


	Media - Services (3.1%)
	885	Clear Channel Worldwide Holdings, Inc., Global Company Guaranteed Notes (Callable 11/15/17 @ 103.25)	(B, B1)		11/15/22		6.500		929,250
	1,000	Clear Channel Worldwide Holdings, Inc., Series B, Global Company Guaranteed Notes (Callable 03/15/15 @ 105.72)	(B, B3)		03/15/20		7.625		1,055,000
	2,964	Clear Channel Worldwide Holdings, Inc., Series B, Global Company Guaranteed Notes (Callable 11/15/17 @ 103.25)	(B, B1)		11/15/22		6.500		3,127,020
	4,250	WMG Acquisition Corp., Rule 144A, Senior Secured Notes (Callable 01/15/16 @ 104.50)‡	(B+, B1)		01/15/21		6.000		4,366,875

									9,478,145


	Metals & Mining - Excluding Steel (7.4%)
	3,100	Boart Longyear Management Pty. Ltd., Rule 144A, Company Guaranteed Notes (Callable 04/01/16 @ 103.50)‡§	(CCC, Caa2)		04/01/21		7.000		2,278,500
	1,300	Boart Longyear Management Pty. Ltd., Rule 144A, Senior Secured Notes‡	(B-, B3)		10/01/18		10.000		1,368,250


Par (000)			Ratings† (S&P/Moody’s)	Maturity		Rate%		Value

	CORPORATE BONDS
	Metals & Mining - Excluding Steel
	$ 1,800	Eldorado Gold Corp., Rule 144A, Senior Unsecured Notes (Callable 12/15/16 @ 103.06)‡	(BB, Ba3)		12/15/20		6.125	$	1,849,500
	3,030	Global Brass & Copper, Inc., Global Senior Secured Notes (Callable 06/01/16 @ 104.75)	(B, B3)		06/01/19		9.500		3,423,900
	4,200	KGHM International Ltd., Rule 144A, Company Guaranteed Notes (Callable 06/15/15 @ 103.88)‡	(BB-, B1)		06/15/19		7.750		4,504,500
	3,250	Noranda Aluminum Acquisition Corp., Global Company Guaranteed Notes (Callable 03/01/16 @ 105.50)	(CCC+, Caa2)		06/01/19		11.000		3,323,125
	4,000	Taseko Mines Ltd., Company Guaranteed Notes (Callable 04/15/15 @ 103.88)	(B, B3)		04/15/19		7.750		4,020,000
	3,100	Xinergy Corp., Rule 144A, Senior Secured Notes (Callable 05/15/15 @ 104.63)‡	(NR, NR)		05/15/19		9.250		2,077,000

									22,844,775


	Oil Field Equipment & Services (6.6%)
	4,000	Calfrac Holdings LP, Rule 144A, Company Guaranteed Notes (Callable 12/01/15 @ 103.75)‡	(BB-, B1)		12/01/20		7.500		4,240,000
	1,800	Light Tower Rentals, Inc., Rule 144A, Senior Secured Notes (Callable 08/01/16 @ 106.09)‡	(B, B2)		08/01/19		8.125		1,840,500
	1,700	Pacific Drilling S.A., Reg S, Senior Unsecured Notes¹	(NR, NR)		02/23/15		8.250		1,748,875
	325	Pacific Drilling V Ltd., Rule 144A, Senior Secured Notes (Callable 12/01/15 @ 103.63)‡	(B+, B2)		12/01/17		7.250		342,063
	200	Parker Drilling Co., Global Company Guaranteed Notes (Callable 08/01/16 @ 103.75)	(B+, B1)		08/01/20		7.500		213,500
	2,050	Parker Drilling Co., Rule 144A, Company Guaranteed Notes (Callable 01/15/18 @ 103.38)‡	(B+, B1)		07/15/22		6.750		2,101,250
	1,507	Pioneer Energy Services Corp., Global Company Guaranteed Notes (Callable 09/02/14 @ 104.94)	(B+, B2)		03/15/18		9.875		1,589,960
	2,250	Shelf Drilling Holdings Ltd., Rule 144A, Senior Secured Notes (Callable 05/01/15 @ 104.31)‡§	(B+, B1)		11/01/18		8.625		2,396,250
	3,000	Sidewinder Drilling, Inc., Rule 144A, Senior Unsecured Notes (Callable 11/15/16 @ 104.88)‡	(B-, B3)		11/15/19		9.750		3,075,000
	2,500	Trinidad Drilling Ltd., Rule 144A, Company Guaranteed Notes (Callable 01/15/15 @ 103.94)‡	(BB, B1)		01/15/19		7.875		2,637,500

									20,184,898


	Oil Refining & Marketing (4.3%)
	1,000	CITGO Petroleum Corp., Rule 144A, Senior Secured Notes (Callable 08/15/17 @ 104.69)‡	(BB-, B1)		08/15/22		6.250		1,032,500
	4,400	Coffeyville Finance, Inc., Global Secured Notes (Callable 11/01/17 @ 103.25)	(B+, B2)		11/01/22		6.500		4,576,000
	2,650	Northern Tier Finance Corp., Global Senior Secured Notes (Callable 11/15/15 @ 105.34)	(BB-, B1)		11/15/20		7.125		2,835,500
	4,500	PBF Finance Corp., Global Senior Secured Notes (Callable 02/15/16 @ 104.13)	(BB+, Ba3)		02/15/20		8.250		4,848,750

									13,292,750


	Packaging (3.4%)
	850	Ardagh Glass Finance PLC, Rule 144A, Company Guaranteed Notes (Callable 08/01/14 @ 101.19)‡€	(CCC+, Caa1)		06/15/17		7.125		1,154,178
	200	Ardagh Holdings U.S.A., Inc., Rule 144A, Company Guaranteed Notes (Callable 01/31/17 @ 103.38)‡	(CCC+, Caa1)		01/31/21		6.750		200,000
	700	Ardagh Packaging Finance PLC, Rule 144A, Company Guaranteed Notes (Callable 10/15/15 @ 104.63)‡€	(CCC+, Caa1)		10/15/20		9.250		1,023,236
	2,170	BWAY Holding Co., Global Company Guaranteed Notes (Callable 09/02/14 @ 105.00)	(CCC+, Caa1)		06/15/18		10.000		2,281,212
	4,150	Reynolds Group Issuer LLC, Global Company Guaranteed Notes (Callable 02/15/16 @ 104.13)§	(CCC+, Caa2)		02/15/21		8.250		4,419,750
	1,475	Signode Industrial Group U.S., Inc., Rule 144A, Senior Unsecured Notes (Callable 05/01/17 @ 104.78)‡	(CCC+, Caa1)		05/01/22		6.375		1,456,562

									10,534,938


Par (000)			Ratings† (S&P/Moody’s)	Maturity		Rate%		Value

	CORPORATE BONDS
	Pharmaceuticals (1.3%)
	$ 650	Capsugel Finance Co. S.C.A., Rule 144A, Company Guaranteed Notes (Callable 08/01/14 @ 107.41)‡€	(B-, B3)		08/01/19		9.875	$	934,110
	2,025	Capsugel S.A., PIK, Rule 144A, Senior Unsecured Notes (Callable 11/15/14 @ 102.00)‡	(B-, Caa1)		05/15/19		7.750		2,043,985
	1,000	Valeant Pharmaceuticals International, Rule 144A, Company Guaranteed Notes (Callable 02/15/16 @ 103.38)‡	(B, B1)		08/15/21		6.750		1,043,750

									4,021,845


	Real Estate Investment Trusts (3.2%)
	4,250	CNL Lifestyle Properties, Inc., Global Company Guaranteed Notes (Callable 04/15/15 @ 103.63)	(B, Ba3)		04/15/19		7.250		4,356,250
	4,400	iStar Financial, Inc., Senior Unsecured Notes (Callable 07/01/16 @ 102.50)	(B+, B3)		07/01/19		5.000		4,356,000
	1,000	QTS Finance Corp., Rule 144A, Company Guaranteed Notes (Callable 08/01/17 @ 104.41)‡§	(B+, B2)		08/01/22		5.875		995,000

									9,707,250


	Restaurants (1.1%)
	3,300	Seminole Hard Rock International LLC, Rule 144A, Company Guaranteed Notes (Callable 05/15/16 @ 104.41)‡	(BB-, B2)		05/15/21		5.875		3,217,500


	Software - Services (5.6%)
	1,300	Comdata, Inc., Rule 144A, Company Guaranteed Notes (Callable 08/11/14 @ 100.00)‡	(CCC, Caa2)		11/15/17		8.125		1,300,000
	4,278	Epicor Software Corp., Global Company Guaranteed Notes (Callable 05/01/15 @ 104.31)	(CCC+, B3)		05/01/19		8.625		4,577,460
	1,680	First Data Corp., Rule 144A, Senior Secured Notes (Callable 06/15/15 @ 103.69)‡	(BB-, B1)		06/15/19		7.375		1,768,200
	975	First Data Corp., Rule 144A, Senior Secured Notes (Callable 11/01/15 @ 105.06)‡	(BB-, B1)		11/01/20		6.750		1,031,063
	1,100	Infor U.S., Inc., Global Company Guaranteed Notes (Callable 04/01/15 @ 107.03)	(B-, Caa1)		04/01/19		9.375		1,205,875
	1,000	Infor U.S., Inc., Global Company Guaranteed Notes (Callable 04/01/15 @ 107.50)€	(B-, Caa1)		04/01/19		10.000		1,498,560
	3,000	NeuStar, Inc., Global Company Guaranteed Notes (Callable 01/15/18 @ 102.25)§	(BB-, B2)		01/15/23		4.500		2,565,000
	3,250	Syniverse Holdings, Inc., Global Company Guaranteed Notes (Callable 01/15/15 @ 104.56)	(B-, Caa1)		01/15/19		9.125		3,420,625

									17,366,783


	Specialty Retail (2.4%)
	500	Academy Finance Corp., Rule 144A, Company Guaranteed Notes (Callable 09/02/14 @ 106.94)‡	(CCC+, B3)		08/01/19		9.250		532,500
	2,700	Brown Shoe Co., Inc., Global Company Guaranteed Notes (Callable 09/02/14 @ 105.34)	(B+, B3)		05/15/19		7.125		2,845,125
	2,175	Netflix, Inc., Rule 144A, Senior Unsecured Notes‡	(BB-, Ba3)		03/01/24		5.750		2,256,563
	1,810	Penske Automotive Group, Inc., Global Company Guaranteed Notes (Callable 10/01/17 @ 102.88)	(B, B2)		10/01/22		5.750		1,877,875

									7,512,063


	Steel Producers/Products (0.4%)
	1,150	JMC Steel Group, Inc., Rule 144A, Senior Unsecured Notes (Callable 09/02/14 @ 106.19)‡	(B-, Caa1)		03/15/18		8.250		1,142,813


	Support - Services (7.1%)
	3,500	CoreLogic, Inc., Global Company Guaranteed Notes (Callable 06/01/16 @ 103.63)	(B+, B1)		06/01/21		7.250		3,736,250
	1,000	Europcar Groupe S.A., Rule 144A, Secured Notes‡€	(B-, Caa1)		05/15/17		11.500		1,534,071
	4,400	H&E Equipment Services, Inc., Global Company Guaranteed Notes (Callable 09/01/17 @ 103.50)	(B+, B3)		09/01/22		7.000		4,785,000
	1,080	Sabre GLBL, Inc., Rule 144A, Senior Secured Notes (Callable 05/15/15 @ 106.38)‡	(B+, Ba3)		05/15/19		8.500		1,173,150
	2,075	Safway Finance Corp., Rule 144A, Secured Notes (Callable 05/15/15 @ 103.50)‡	(B, B3)		05/15/18		7.000		2,183,938


Par (000)			Ratings† (S&P/Moody’s)	Maturity		Rate%		Value

	CORPORATE BONDS
	Support - Services
	$ 1,000	Techem Energy Metering Service GmbH & Co. KG, Rule 144A, Company Guaranteed Notes (Callable 10/01/16 @ 103.94)‡€	(B-, B3)		10/01/20		7.875	$	1,495,215
	875	The Geo Group, Inc., Global Company Guaranteed Notes (Callable 02/15/16 @ 103.31)	(B+, B1)		02/15/21		6.625		923,125
	2,250	The Geo Group, Inc., Global Company Guaranteed Notes (Callable 04/01/18 @ 102.56)	(B+, B1)		04/01/23		5.125		2,188,125
	765	The Hertz Corp., Global Company Guaranteed Notes (Callable 01/15/16 @ 103.69)	(B, B2)		01/15/21		7.375		822,375
	2,100	United Rentals North America, Inc., Global Company Guaranteed Notes (Callable 05/15/16 @ 103.69)	(BB-, B2)		05/15/20		7.375		2,262,750
	625	United Rentals North America, Inc., Global Senior Unsecured Notes (Callable 02/01/16 @ 104.13)	(BB-, B2)		02/01/21		8.250		685,156

									21,789,155


	Telecom - Integrated/Services (5.4%)
	1,000	Cogent Communications Finance, Inc., Rule 144A, Senior Unsecured Notes (Callable 04/15/17 @ 104.22)‡	(B-, Caa1)		04/15/21		5.625		982,500
	550	Hellas Telecommunications Luxembourg II S.C.A., Rule 144A, Subordinated Notes‡ø^²	(NR, NR)		01/15/15		0.000		—
	4,500	Hughes Satellite Systems Corp., Global Company Guaranteed Notes	(B-, B3)		06/15/21		7.625		5,107,500
	500	Intelsat Jackson Holdings S.A., Global Company Guaranteed Notes (Callable 04/01/15 @ 103.63)	(B+, B3)		04/01/19		7.250		526,875
	1,250	Intelsat Jackson Holdings S.A., Global Company Guaranteed Notes (Callable 04/01/16 @ 103.75)	(B+, B3)		04/01/21		7.500		1,339,063
	1,500	Intelsat Jackson Holdings S.A., Global Company Guaranteed Notes (Callable 12/15/17 @ 103.31)	(B-, Caa1)		12/15/22		6.625		1,522,500
	700	Intelsat Luxembourg S.A., Global Company Guaranteed Notes (Callable 06/01/17 @ 103.88)	(B-, Caa2)		06/01/21		7.750		718,375
	1,700	Numericable Group S.A., Rule 144A, Senior Secured Notes (Callable 05/15/17 @ 104.50)‡	(B+, Ba3)		05/15/22		6.000		1,710,625
	2,800	Numericable Group S.A., Rule 144A, Senior Secured Notes (Callable 05/15/19 @ 103.13)‡	(B+, Ba3)		05/15/24		6.250		2,817,500
	1,799	Zayo Capital, Inc., Global Senior Secured Notes (Callable 07/01/15 @ 104.06)	(B, B1)		01/01/20		8.125		1,913,686

									16,638,624


	Telecom - Wireless (0.5%)
	1,600	Sprint Corp., Rule 144A, Company Guaranteed Notes‡	(BB-, B1)		06/15/24		7.125		1,638,000


	Telecommunications Equipment (2.2%)
	2,450	Avaya, Inc., Rule 144A, Senior Secured Notes (Callable 04/01/15 @ 103.50)‡	(B, B1)		04/01/19		7.000		2,407,125
	4,195	Brightstar Corp., Rule 144A, Company Guaranteed Notes (Callable 12/01/14 @ 104.75)‡	(BB+, Ba1)		12/01/16		9.500		4,467,675

									6,874,800


	Textiles & Apparel (0.6%)
	75	IT Holding Finance S.A., Company Guaranteed Notes€ø	(NR, NR)		11/15/25		9.875		988
	1,500	Takko Luxembourg 2 S.C.A., Rule 144A, Senior Secured Notes (Callable 04/15/16 @ 104.94)‡€	(B-, B3)		04/15/19		9.875		1,889,832

									1,890,820


	Theaters & Entertainment (2.3%)
	1,250	Activision Blizzard, Inc., Rule 144A, Company Guaranteed Notes (Callable 09/15/18 @ 103.06)‡	(BB+, Ba2)		09/15/23		6.125		1,350,000
	1,600	AMC Entertainment, Inc., Global Company Guaranteed Notes (Callable 02/15/17 @ 104.41)§	(B-, B3)		02/15/22		5.875		1,632,000
	2,075	AMC Entertainment, Inc., Global Company Guaranteed Notes (Callable 12/01/15 @ 104.88)	(B-, B3)		12/01/20		9.750		2,329,187
	1,550	Carmike Cinemas, Inc., Global Secured Notes (Callable 05/15/15 @ 105.53)	(BB, B1)		05/15/19		7.375		1,672,063

									6,983,250


Par (000)			Ratings† (S&P/Moody’s)	Maturity		Rate%		Value

	CORPORATE BONDS
	Transportation - Excluding Air/Rail (0.9%)
	$ 600	Navios Maritime Finance II U.S., Inc., Rule 144A, Senior Secured Notes (Callable 01/15/17 @ 105.53)‡	(BB-, B1)		01/15/22		7.375	$	612,000
	2,000	Teekay Offshore Finance Corp., Global Senior Unsecured Notes	(NR, NR)		07/30/19		6.000		1,990,000

									2,602,000

	TOTAL CORPORATE BONDS (Cost $353,751,909)								361,788,843


	BANK LOANS (26.3%)
	Aerospace & Defense (0.5%)
	1,500	LM U.S. Corp. Acquisition, Inc.#	(CCC, Caa2)		10/15/20		9.500		1,515,000


	Auto Parts & Equipment (0.6%)
	1,750	Jason, Inc.#	(CCC+, Caa1)		05/21/22		9.000		1,728,125


	Beverages (0.5%)
	1,500	Del Monte Foods, Inc.#	(CCC+, Caa1)		08/18/21		8.250		1,461,563


	Building Materials (0.8%)
	2,565	Panolam Industries International, Inc.#	(BB-, B2)		08/30/17		7.250		2,564,966


	Chemicals (3.0%)
	2,454	Ascend Performance Materials LLC#	(B, B2)		04/10/18		6.750		2,439,407
	1,750	AZ Chem U.S., Inc.#	(B-, B1)		06/12/22		7.500		1,777,125
	2,993	Ravago Holdings America, Inc.#	(BB-, B2)		12/20/20		5.500		3,016,829
	2,000	Royal Adhesives and Sealants LLC#	(CCC+, Caa2)		01/31/19		9.750		2,043,750

									9,277,111


	Consumer Products (1.0%)
	3,000	Ranpak Corp.#	(B-, Caa1)		04/23/20		8.500		3,060,000


	Diversified Capital Goods (0.7%)
	1,249	Flint Group Holdings S.A.#	(NR, NR)		12/30/16		7.237		1,261,659
	870	Flint Group Holdings S.A.#	(NR, NR)		06/29/18		7.122		877,740

									2,139,399


	Energy - Exploration & Production (1.3%)
	1,750	Chief Exploration & Development LLC#	(NR, NR)		05/12/21		7.500		1,776,250
	1,750	Delek Benelux B.V.€#	(NR, NR)		02/08/17		5.224		2,344,427

									4,120,677


	Financial Services (0.6%)
	2,000	MergerMarket U.S.A., Inc.#	(CCC+, Caa2)		02/04/22		7.500		1,967,500


	Food - Wholesale (0.8%)
	2,500	The Winebow Group, Inc.#	(CCC+, Caa1)		12/31/21		8.500		2,506,250


	Gaming (1.1%)
	1,990	Abercrombie & Kent U.S. Group Holdings, Inc.#^	(NR, NR)		12/09/18		5.000		1,900,450
	1,500	CBAC Borrower LLC#	(B-, B3)		07/02/20		8.250		1,567,500

									3,467,950


	Health Services (0.6%)
	1,750	Phillips-Medisize Corp.#	(CCC+, Caa2)		06/16/22		8.250		1,750,000


	Hotels (0.6%)
	1,750	Four Seasons Holdings, Inc.#	(B-, Caa1)		12/28/20		6.250		1,767,500


	Insurance Brokerage (0.3%)
	1,000	AssuredPartners Capital, Inc.#	(CCC+, Caa2)		04/04/22		7.750		1,002,915


	Investments & Misc. Financial Services (1.8%)
	1,500	Ascensus, Inc.#	(CCC+, Caa1)		12/11/20		9.000		1,528,125
	1,000	Liquidnet Holdings, Inc.#	(B, B3)		05/22/19		7.750		997,500
	3,000	Transfirst Holdings, Inc.#	(CCC+, Caa1)		06/27/18		7.500		3,021,000

									5,546,625


Par (000)			Ratings† (S&P/Moody’s)	Maturity		Rate%		Value

	BANK LOANS
	Leisure (1.9%)
	$ 3,000	Metro-Goldwyn-Mayer, Inc.#	(B+, Ba3)		06/26/20		5.125	$	3,036,255
	3,000	New York Wheel Owner LLC#	(NR, NR)		06/05/20		3.250		2,940,000

									5,976,255


	Machinery (0.8%)
	2,250	CPM Acquisition Corp.#	(B, Caa1)		03/01/18		10.250		2,290,804


	Media - Broadcast (0.4%)
	1,000	All3Media International€#	(B, B3)		06/30/22		8.250		1,334,655


	Oil Field Equipment & Services (1.6%)
	2,992	Philadelphia Energy Solutions LLC#	(BB-, B1)		04/04/18		6.250		2,868,987
	2,000	Shelf Drilling Holdings Ltd.#	(B+, B2)		10/08/18		10.000		2,052,500

									4,921,487


	Printing & Publishing (0.6%)
	1,148	Harland Clarke Holdings Corp.#	(B+, B1)		06/30/17		5.484		1,151,351
	113	HIBU Connect S.A., Sociedad Unipersonal€#	(CCC+, NR)		03/01/19		1.500		42,180
	960	YH Ltd.#	(CCC+, NR)		03/01/19		5.231		268,843
	1,767	YH Ltd.#	(CCC-, NR)		03/01/24		1.000		494,672

									1,957,046


	Software - Services (1.8%)
	2,993	Intralinks, Inc.#	(BB, B2)		02/21/19		7.250		2,996,241
	2,500	Landslide Holdings, Inc.#	(CCC+, Caa1)		02/25/21		8.250		2,511,450

									5,507,691


	Specialty Retail (0.8%)
	2,500	BJ’s Wholesale Club, Inc.#	(CCC, Caa2)		03/26/20		8.500		2,540,625


	Support - Services (0.5%)
	1,493	Redtop Acquisitions Ltd.#	(CCC+, B3)		06/03/21		8.250		1,529,812


	Telecom - Integrated/Services (0.7%)
	2,000	Omnitracs, Inc.#	(CCC+, Caa1)		05/25/21		8.750		2,025,630


	Telecom - Wireless (0.6%)
	1,836	Maritime Telecommunications Network, Inc.#	(B+, NR)		03/03/16		7.500		1,762,480


	Theaters & Entertainment (1.7%)
	2,000	CKX, Inc.#	(B+, B1)		06/21/17		9.000		1,800,000
	3,412	Tech Finance & Co. S.C.A.#	(B+, B2)		07/10/20		5.500		3,427,583

									5,227,583


	Transportation - Excluding Air/Rail (0.7%)
	1,200	OSG Bulk Ships, Inc.#	(BB-, B1)		07/22/19		5.250		1,207,998
	800	OSG International, Inc.#	(BB-, B1)		07/22/19		5.750		804,004

									2,012,002

	TOTAL BANK LOANS (Cost $79,292,632)								80,961,651


Number of Shares

	COMMON STOCKS (0.3%)
	Building & Construction (0.1%)
	22,800	Ashton Woods U.S.A. LLC, Class B^*							335,844


	Building Materials (0.0%)
	619	Dayton Superior Corp.^*							—


	Chemicals (0.1%)
	4,893	Huntsman Corp.							127,463


Number of Shares							Value

	COMMON STOCKS
	Gaming (0.0%)
	55,100	Majestic Holdco LLC*					$	46,835


	Media (0.0%)
	682,105	Hibu PLC£^*						—


	Media - Broadcast (0.1%)
	43,413	Cumulus Media, Inc., Class A*						224,879

	TOTAL COMMON STOCKS (Cost $398,239)							735,021


	PREFERRED STOCK (0.0%)
	Building Materials (0.0%)
	688	Dayton Superior Corp.^* (Cost $250,835)						—


	SHORT-TERM INVESTMENTS (7.1%)
	10,216,718	State Street Navigator Prime Portfolio, 0.16%§§						10,216,718

Par (000)			Maturity		Rate%

	11,732	State Street Bank and Trust Co. Euro Time Deposit		08/01/14		0.010		11,732,000


	TOTAL SHORT-TERM INVESTMENTS (Cost $21,948,718)							21,948,718


	TOTAL INVESTMENTS AT VALUE (151.3%) (Cost $455,642,333)							465,434,233

	LIABILITIES IN EXCESS OF OTHER ASSETS (-51.3%)							(157,801,735	)


	NET ASSETS (100.0%)						$	307,632,498

INVESTMENT ABBREVIATIONS

NR = Not Rated

PIK = Payment in Kind

†	Credit ratings given by the Standard & Poor’s Division of The McGraw-Hill Companies, Inc. (“S&P”) and Moody’s Investors Service, Inc. (“Moody’s”) are unaudited.

§	Security or portion thereof is out on loan.

‡	Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2014, these securities amounted to a value of $155,355,060 or 50.5% of net assets.

€	This security is denominated in Euro.

#	Variable rate obligations — The interest rate is the rate as of July 31, 2014.

¹	REG S: Securities sold under Regulation S may not be offered, sold or delivered within the United States or to, or for the account or benefit of, U.S. persons, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933.

²	Zero-coupon security.

£	This security is denominated in British Pound.

ø	Bond is currently in default.

^	Not readily marketable security; security is valued at fair value as determined in good faith by, or under the direction of, the Board of Trustees.

*	Non-income producing security.

§§	Represents security purchased with cash collateral received for securities on loan. The rate shown is the annualized one-day yield at July 31, 2014.

Forward Foreign Currency Contracts


Forward Foreign Currency to be Purchased (Local)		Forward Foreign Currency to be Sold (Local)		Expiration Date	Counterparty	Value on Settlement Date			Current Value			Net Unrealized Appreciation (Depreciation)
USD	19,202,937	EUR	14,125,000	10/15/14	Morgan Stanley	$	(19,202,937	)	$	(18,903,866	)	$	299,071
USD	8,971,830	GBP	5,250,000	10/15/14	Morgan Stanley		(8,971,830	)		(8,858,271	)		113,559

												$	412,630

Currency Abbreviations:

EUR = Euro

GBP = British Pound

USD = United States Dollar

SECURITY VALUATION — The net asset value of the Fund is determined daily as of the close of regular trading on the New York Stock Exchange, Inc. (the “Exchange”) on each day the Exchange is open for business. 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 certain derivative instruments are typically the prices supplied by independent third party pricing services, which may use market prices or broker/dealer quotations or a variety of valuation techniques and methodologies. The independent third party pricing services use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar securities. Short-term fixed income securities that will mature in 60 days or less may be valued at amortized cost. Structured note agreements are valued in accordance with a dealer-supplied valuation based on changes in the value of the underlying index. Futures contracts are valued daily at the settlement price established by the board of trade or exchange on which they are traded. Forward contracts are valued at the London closing spot rates and the London closing forward point rates on a daily basis. The currency forward contract pricing model derives the differential in point rates to the expiration date of the forward and calculates its present value. Equity securities for which market quotations are available are valued at the last reported sales price or official closing price on the primary market or exchange on which they trade. The Fund may utilize a service provided by an independent third party which has been approved by the Board of Trustees (the “Board”) to fair value certain securities. When fair value pricing is employed, the prices of securities used by the Fund to calculate its net asset value may differ from quoted or published prices for the same securities. If independent third party pricing services are unable to supply prices for a portfolio investment, or if the prices supplied are deemed by the investment adviser to be unreliable, the market price may be determined by the investment adviser using quotations from one or more broker/dealers or at the transaction price if the security has recently been purchased and no value has yet been obtained from a pricing service or pricing broker. When reliable prices are not readily available, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the Fund calculates its net asset value, the Fund values these securities as determined in accordance with procedures approved and established by the Fund’s Board.

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

GAAP established a disclosure hierarchy that categorizes the inputs to valuation techniques used to value assets and liabilities at measurement date. These inputs are summarized in the three broad levels listed below:

—

Level 1 – quoted prices in active markets for identical investments

—

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

—

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

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

The following is a summary of the inputs used as of July 31, 2014 in valuing the Fund’s assets and liabilities carried at fair value:


	Level 1		Level 2		Level 3		Total
Investments in Securities
Corporate Bonds	$	—	$	361,788,843	$	—	$	361,788,843
Bank Loans		—		79,061,201		1,900,450		80,961,651
Common Stocks		352,342		46,835		335,844		735,021
Preferred Stocks		—		—		—		—
Short-term Investments		—		21,948,718		—		21,948,718
Other Financial Instruments*
Forward Foreign Currency Contracts		—		412,630		—		412,630

	$	352,342	$	463,258,227	$	2,236,294	$	465,846,863

*	Other financial instruments include unrealized appreciation (depreciation) on forward foreign currency contracts.

The following is a reconciliation of investments as of July 31, 2014 in which significant unobservable inputs were used in determining value. Transfers in or out of Level 3 represent the end of the period value of any security or instrument where a change in the level has occurred from the beginning to the end of the period.


	Corporate Bonds			Bank Loans			Asset Backed Securities			Common Stocks			Total
Balance as of October 31, 2013	$	7,818		$	—		$	1,793,400		$	339,948		$	2,141,166
Accrued discounts (premiums)		6			3,305			8,200			—			11,511
Purchases		(1,873	)		1,897,822			—			—			1,895,949
Sales		(6,063	)		(5,000	)		(1,835,000	)		—			(1,846,063	)
Realized gain (loss)		(1,340,643	)		240			33,400			—			(1,307,003	)
Change in unrealized appreciation (depreciation)		1,340,755			4,083			—			(4,104	)		1,340,734
Transfers into Level 3		—			—			—			—			—
Transfers out of Level 3		—			—			—			—			—

Balance as of July 31, 2014	$	—		$	1,900,450		$	—		$	335,844		$	2,236,294


Net change in unrealized appreciation (depreciation) from investments still held as of July 31, 2014	$	—		$	4,083		$	—		$	(4,104	)	$	(21	)

The Fund follows Financial Accounting Standards Board (“FASB”) amendments to authoritative guidance which requires the Fund to disclose details of transfers in and out of Level 1 and Level 2 measurements and Level 2 and Level 3 measurements and the reasons for the transfers. For the quarter ended July 31, 2014, there were no transfers in and out of Level 1, Level 2 and Level 3. All transfers are assumed to occur at the end of the reporting period.

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

Item 2:

Controls and Procedures

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

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

Item 3:

Exhibits

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

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

CREDIT SUISSE HIGH YIELD BOND FUND

/s/ John G. Popp

Name:

John G. Popp

Title:

Chief Executive Officer and President

Date:

September 22, 2014

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

/s/ John G. Popp

Name:

John G. Popp

Title:

Chief Executive Officer and President

Date:

September 22, 2014

/s/ Bruce S. Rosenberg

Name:

Bruce S. Rosenberg

Title:

Chief Financial Officer

Date:

September 22, 2014