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Credit Suisse Asset Management Commodities

Credit Suisse Commodity Fund Plus (CH) USD

December 2017

CREDIT SUISSE ASSET MANAGEMENT

To be distributed only to pre-qualified investors. Not for redistribution. These materials do not constitute an offer to sell or a solicitation of an offer to buy securities. Switzerland: For retail and qualified investors only. Liechtenstein: For professional investors only.

Please see “Important Information” for important disclosures regarding the data and information contained and the views and opinions expressed in this material.

December 2017 CREDIT SUISSE ASSET MANAGEMENT 2 out of 35 The disclaimer at the end of this document also applies to this page.

Table of Contents

Credit Suisse Asset Management Overview

Commodities at Credit Suisse

Market Outlook

Gaining Exposure to Commodities

Commodities Enhanced Index Strategy at Credit Suisse Asset Management

Summary

Appendix

Important Information


Credit Suisse Asset Management: Focused Investment Solutions

We are a client-centric organization dedicated to providing focused investment solutions to investors worldwide

We leverage Credit Suisse’s high conviction ideas, access, resources and capabilities globally to establish long-term partnerships with clients to help them thrive

We deliver the full strength of our global franchise through:

— Seasoned investment expertise

— Broad capabilities and partnerships

— Intellectual capital

— Comprehensive risk management

— Dedicated client service

Source: Credit Suisse Asset Management

Global Reach and Local Presence

Credit Suisse Offices1

Asset Management Credit Suisse Located in 22 countries Located in over 50 countries

Asset Management at a Glance1

Date of Establishment 1935

Assets Under Management USD 388.9 billion2

Number of Employees 2,100

1 As of September 30, 2017. 2 Assumes CHF/USD conversion rate of 0.9676 at the end of September 30, 2017.


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Market Outlook



Summary

Appendix



CSAM Range of Commodity Strategies For Illustrative Purposes Only

1 The target return is not a projection, prediction or guarantee of future performance, and there is no certainty that the target return will be reached. 2 Can hold commodities outside the benchmark universe.

Enhanced Index

Active Strategy (ACCESS)

Targ

et E

xces

s R

etur

ns1

Target Risk (Relative to Benchmark)

GAINS

β α

GAINS ARCS

Enhanced Index Active Strategy (ACCESS) GAINS GAINS ARCS

Target Tracking Error (%) 1.0–1.5% 4.0–7.0% 6.0–10.0% 5.0–15.0%

Index Exposure Spot/Sector Neutral Over/underweight and short2 Over/underweight Long/Neutral/Short

Track Record Since 1994 Since 2010 Since 2009 Since 2012

Available Vehicles

Swiss CISA Fund ✔ X X X

UCI (SICAV) Europe ✔ X ✔ ✔

UCITS (Europe) ✔ X ✔ X

Limited Partnership/Ltd. X ✔ X X

Collective Trust (US) ✔ X X X

Registered (US) ✔ ✔ X X

Separate Accounts (All Regions)

✔

✔

X

X

Sources: Credit Suisse Asset Management, LLC


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Market Outlook



Summary

Appendix



2017 Commodity Index Returns as of December 31, 2017

Individual BCOM Index Sector Total Returns YTD Returns

Index Weight (31 Dec ‘17)

Notable Individual Performance

YTD Returns

Bloomberg Commodity Index TR +1.70%

Industrial Metals +29.35% 20.87% Aluminum +31.18%

Precious Metals +10.94% 15.53% Gold +12.79%

Livestock +6.36% 6.09% Live Cattle +9.13%

Energy -4.31% 30.44% Natural Gas -36.37%

Agriculture -11.05% 27.07% Sugar -25.38%

Source: Bloomberg LP; Please refer to the “Performance-Related Disclosures” slide at the back of the presentation for additional information.

Past performance is no guarantee or indicator of future results.


2017 Commodity Returns and Exposures


Sector BCOM Index TR 2017 Target Weights

BCOM Index TR 2017 Weights as of 12/31/17

BCOM Index TR YTD Returns as of 12/31/17

Energy Natural Gas 7.98% 6.54% -36.37% WTI Crude Oil 7.18% 7.34% 5.10%

Brent Crude Oil 7.82% 8.50% 14.25% Gasoline 3.76% 3.82% 2.79% Heating Oil 3.83% 4.23% 15.01%

Agriculture Chicago Wheat 3.32% 3.11% -12.52% KCBT Wheat 1.18% 1.08% -14.93% Corn 7.41% 6.74% -12.08% Soybeans 5.84% 5.24% -8.13% Sugar 3.40% 2.30% -25.38% Cotton 1.45% 1.43% 12.54% Coffee 2.38% 1.95% -16.02% Soybean Oil 2.81% 2.48% -7.03% Soybean Meal 2.90% 2.74% -4.80%

Livestock Live Cattle 3.98% 3.91% 9.13% Lean Hogs 2.09% 2.18% 2.79%

Industrial Metals Aluminum 4.57% 5.63% 31.18% Copper 7.59% 9.13% 29.17% Zinc 2.69% 3.17% 29.71% Nickel 2.54% 2.94% 25.58%

Precious Metals Gold 11.17% 11.57% 12.79% Silver 4.12% 3.96% 5.79%

Source: Bloomberg LP; Please refer to the “Performance-Related Disclosures” slide at the back of the presentation for additional information.


Market Review & Outlook

Supply/demand fundamentals continue to be drivers of individual commodity returns.

Global central bank policies remain extraordinarily loose, even in the US, with the goal of driving up growth as well as inflation.

Oil production cuts by OPEC and non-OPEC members have been extended through the end of 2018, with reviews scheduled throughout the year.

- Efficiency gains and higher oil prices have allowed for additional production from US shale producers.

- As inventories normalize, pipeline or production disruptions may have a bigger impact on prices.

Increasing Natural Gas exports and further pipeline construction delays may be supportive of prices in the medium-term.

The increased focus on enhancing environmental standards within China may affect production of key industrial metals.

Precious Metals may continue to play a role in a portfolio as geo-political risk continues to rise.

Livestock demand may increase as China looks to secure additional supplies.

Sources: Credit Suisse Asset Management, LLC, Bloomberg LP As of December 31, 2017


Commodities: Drivers of Returns in 2017

q

Events in 4Q17: Events in 1Q17:

Events in 3Q17: Events in 2Q17:

Nickel gained due to increased demand expectations for usage in electric car batteries

An extension of the OPEC-led production cut agreement, potentially through 2018, supported crude oil and petroleum product prices

Natural Gas declined after warmer than average temperatures during November and October in the US suppressed

heating demand

Kansas City Wheat and Chicago Wheat decreased after supportive

weather conditions within the US resulted in another bumper year for grains

Natural Gas was led lower after the warmest January and February US weather on record reduced heating demand and increased expectations for above average end-of-season storage levels.

US-based production of crude oil and petroleum products continued to increase, incentivized by higher prices induced by OPEC-led production cuts.

Decreasing prospects for US tax reform and fiscal expansion led to a lower US Dollar and increased demand for Precious Metals.

Aluminum increased as China initiated measures to combat environmental concerns.

Natural Gas decreased due to an uptick in US production and as milder-than-average temperatures in the US lowered cooling demand

Crude oil and petroleum products fell as Libya and Nigeria restored oil production which was previously offline

Kansas City Wheat and Chicago Wheat increased after abnormally hot and dry weather in the US Northern Plains deteriorated crop conditions

Nickel declined amid concerns of slowing growth in the Chinese economy during the first half of the period, lowering industrial demand.

Crude oil gained as OPEC production continued to fall while compliance amongst member nations partaking in the outputs cuts increased.

Zinc rose as refined output of the base metal fell to the lowest level in three years.

Kansas City Wheat and Chicago Wheat fell as the effects of an early summer drought in the US Northern Great Plains dissipated.

Lean Hogs declined as falling domestic and international demand for US pork loosened the supply and demand balance.

Natural Gas withdrawal season begins

US Fall harvest: Soybeans,

Wheat, Corn and Cotton Planting season in South America:

Soybeans, Sugar, Coffee

Increase in physical demand of Lean Hogs due to holiday season

North America: Cold weather drives heating demand

South America: Potential production risks for Agriculture (i.e. – floods, droughts, etc.)

Monsoon season in South Pacific: Potential shipping impacts

USDA Prospective Plantings report released

Beginning of US Fall grain harvest – weather a key factor in early starts to the harvest or late finishes to the planting season

Increase in demand for Livestock

due to US Summer grilling season

Increase in physical demand for Gold In India and China due to Diwali and wedding season

US Planting season: Soybeans, Wheat, Corn, and Cotton

Natural Gas injection season begins

Significant World Agriculture Supply

& Demand Estimates released by USDA

Potential demand for

Gasoline ahead of summer driving season in US

Geopolitical and Weather Related Events, Shifts in Consumption, Transportation

Bottlenecks

Sources: Credit Suisse Asset Management, LLC, Bloomberg LP As of December 31, 2017


Correlation Between Inflation and Various Asset Classes

1Analysis represents asset class returns that are lagged for a one month period and compared to current period CPI from May 31, 2006 to December 31, 2017. Inflation is represented by Headline Consumer Price Index (CPI). Bloomberg tickers for the indices used are as follows: US Bonds (LBUSTRUU Index); Gold (GLD US Equity); REITs (FNER Index); Timber & Forestry (SPGTTFT Index); S&P 500 (SPTR Index); MLPs (AMZX Index); Infrastructure Stocks (DJBGIYT Index); Natural Resources Stocks (SPGNRUT Index); TIPS (LTP5TRUU Index); BCOM Index TR (BCOMTR Index)

Sources: Credit Suisse Asset Management, LLC; Bloomberg LP.


Potential Hedge Against Unexpected Inflation

Commodity prices have historically tended to rise in line with increased demand for goods and services.

Commodities typically exhibit positive returns and relatively low correlations to traditional assets in periods of both low and high inflation.

Long term inflation may be difficult to predict.

Past performance is no guarantee or indicator of future results. 1 Inflation is represented by the Consumer Price Index (CPI). Unexpected inflation is estimated by CSAM, LLC based on historical relationships between 3-month Treasury Bills and CPI. * Intermediate Term Bond returns represent the Ibbotson Intermediate-Term Government Bond Index TR from 1/1/1970 to 12/31/2010, and BofA Merrill Lynch U.S. Treasury Current 5 Year Index from 12/31/2010 through the end of the period.

Sources: Credit Suisse Asset Management, LLC, Ibbotson, Bloomberg LP. Please refer to the “Performance-Related Disclosures” slide

at the back of the presentation for additional information.

Average Monthly Performance in Higher and Lower than Expected Inflation Environments (January 1970 – December 2017)


Tight Supply/Demand Environment May Augment Impact of Naturally Occurring Factors

Factor Potential Exacerbated Impact

Weather Other disruption by drought/flood may be augmented

Geopolitical Risk War/upheaval in key markets may disproportionately impact supply

Market Uncertainty Flight to safety impacts demand for precious metals

Inflation Potential rise in inflation/interest rates impact demand for commodities

Physical Demand Changes in demand, easier access to asset classes (e.g., physical EFT-s) may pressure supply

Other Labor disputes (supply), consumer tastes (demand) affected


Potential Risks of Investing in Commodities

Market-driven risk could negatively affect the value of a particular investment

Credit risk may occur if a counterparty defaults or is unable to honor a financial obligation

Commodity-linked derivatives may be subject to greater volatility than traditional securities. These derivatives may be affected by:

— Changes in overall market movements,

— Commodity index volatility,

— Changes in interest rates; and

— Factors affecting a particular industry or commodity, such as drought, floods, weather, livestock disease, embargoes, tariffs and international economic, political and regulatory developments

Speculative Nature of Commodities Investments. Investing in commodities is speculative and involves a high degree of risk. There is no assurance that technical and risk management techniques, as well as the investment decisions made by the investment manager, will not expose investors to risk of significant losses.


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Credit Suisse Commodity Fund Plus (CH) USD Benchmark: Bloomberg Commodity Index TR


Bloomberg Commodity Index TR (BCOM) Data since 1991

Weighted by production and liquidity, rebalance annually

Broadly diversified – 22 commodities

— 5 energy products

— 6 metals

— 11 agricultural products

Commodities set into 6 groups, limited to 33%, at beginning of year

No single commodity may constitute less than 2% of the BCOM Index, as liquidity allows, or more than 15% of the index, at the beginning of the year.

BCOM Weights as of December 31, 2017

Source: Bloomberg. All data was obtained from publicly available information, internally developed data and other third party sources believed to be reliable. Credit Suisse has not

sought to independently verify information obtained from public and third party sources and makes no representations or warranties as to accuracy, completeness or reliability of such

information.

Energy 30%

Agriculture 27%

Livestock 6%

Industrial Metals 21%

Precious Metals 16%


Potentially Reduced Volatility Through a Diversified Index

Commodities measured by: Bloomberg Commodity Index TR, composed of futures contracts on 22 physical commodities. The index is unmanaged, assumes reinvestment of dividends and does not reflect the deduction of fund fees and expenses. Investors cannot invest directly in an index. Volatility measured by closing prices of contracts.

Source: Bloomberg. All data was obtained from publicly available information, internally developed data and other third party sources believed to be reliable. Credit Suisse has not

sought to independently verify information obtained from public and third party sources and makes no representations or warranties as to accuracy, completeness or reliability of such

information. Past performance is not a guarantee or indicator of future results.

Average Monthly Historical Futures Volatilities (1/96 – 12/17, Annualized)


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Credit Suisse Commodity Fund Plus (CH) USD Investment Process

Risk Control

The Right Benchmark

Index selection

Spot return Price return on real asset

Spot Return + Roll Yield + Collateral Yield = Total Return

Roll Yield = Alpha Generation Opportunities

Roll yield Return impact due to migration of futures position from near to far contract

Collateral yield Return earned on pledged collateral

Transparent/Liquid Exposure Credit Suisse seeks to replicate the index’s spot return by purchasing futures

Credit Suisse Value Added: Identification of structural inefficiencies that seek to add value through the management of the roll

Credit Suisse Approach: Conservative cash management seeks to avoid any unintended correlation to fixed income or equity markets

Total Return

Sources: Credit Suisse Asset Management, LLC For illustrative purposes only.


Credit Suisse Total Commodity Return – Enhanced Indexing

Objective

Seeks to outperform the benchmark through active management of the roll process, while maintaining a pure exposure to commodities using a conservative cash strategy

Philosophy

Access an index with a transparent process and liquid underlying instruments

Isolate correlative benefits without taking spot risk or other unintended risks

Obtain beta exposure without paying high embedded fees

Conservative cash management

Offer flexible investment options, i.e. customized benchmarks, separate accounts and commingled vehicles

Advantage: Employ an active roll process to exploit market inefficiencies


Roll Yield

Rolling commodity index futures can be a major component of return:

The index is a price index of a basket of near-term commodity futures

The index rolls 20% of the futures forward on the 5th – 9th business day each month at the closing price

The gain or loss from this roll yield can be a significant component in calculating total return

Quantitative and qualitative spread analysis based on market conditions is used to determine when to roll

120% of index value is rolled forward to next month on the 5th–9th business day Source: Credit Suisse Asset Management

Passive method for maintaining futures market exposure1:

CURRENT MONTH

M T W T F S S

1 2 3 4 5 W W

6 7 8 9 10 W W

11 12 13 14 15 W W

16 17 18 19 20 W W


Determining When to Roll: Qualitative and Quantitative Evaluation Process

Roll

Quantitative Analysis Seasonal Analysis

Trends and Mean Reversion

Inter/Intra-Market Spreads

Current Market Conditions

News/Event Driven Risk

Actions of Current Market Participants

Qualitative Overlay

Optimization Liquidity and

Transaction Cost Analysis

Volatility Analysis Risk Assessment

Intra-day Rolling During 5 Day Cycle

Rolling Outside Standard 5 Day

Cycle Curve Positioning Relative Value Trading

Opportunity


Conservative Cash Management1

Collateral

“Style Pure”

Process

Benchmark for most indices is 90-day U.S. T-Bill

– Purchasing and holding does not guarantee benchmark return

Greater duration or credit risk can increase correlation with other asset classes

Low risk: focus on preservation of principal and liquidity2

Disciplined risk control

Assess client objectives including liquidity, maturity and other requirements

Construct cash portfolio to reflect market strategies consistent with client objectives

Monitor and reinvest portfolio

Collateral

1 The collateral management portion of the Commodities Strategy invests in US Treasuries and US Agency Debt. US Agency debt does not constitute an obligation of the United States and is not guaranteed by the United States. 2Low risk does not imply that risk can be eliminated.


Risk Control

Daily:

— Performance evaluated to monitor tracking risk

— Foreign exchange exposure monitored, when applicable

— Cash, variation margin reconciled

Controls in place to monitor deviations versus the Spot Return, Roll Yield, and Collateral Yield

Established processes aim to avoid physical delivery

Risk Control Process

Spot return

Price return on real asset

Roll yield

Return impact due to migration of futures position from near to far

contract

Collateral yield

Return earned on pledged collateral

Risk Monitored on Real Time Basis

Total return

The risk control process seeks to mitigate risk, but cannot eliminate risk, nor does it imply low risk.


Credit Suisse Commodity Fund Plus (CH) USD Performance

Dec ‘17 3M 1 Year Since Transfer/

Objective Change1 Annualized Since

Inception2

Fund (Gross) 2.07% 3.43% -0.94% 0.11% -4.85%

Fund (Net) 2.07% 3.40% -1.18% -0.52% -6.08%

Bloomberg Commodity Index Total Return (CHF-Hedged) 2.58% 3.88% -0.79% -1.13% N/A

Blended Benchmark3 2.58% 3.88% -0.79% -1.13% -4.21%

Excess Returns (Gross vs. BCOMTR) -0.50% -0.46% -0.15% 1.24% N/A

Excess Returns (Net vs. BCOMTR) -0.50% -0.49% -0.39% 0.61% N/A

Excess Returns (Gross vs. Blended) -0.50% -0.46% -0.15% 1.24% -0.65%

Excess Returns (Net vs. Blended) -0.50% -0.49% -0.39% 0.61% -1.87%

Past performance is no guarantee or indicator of future results. The performance data do not take into account the commissions and costs incurred on the issue and redemption of fund units. 1 As of October 31, 2015. Effective October 19, 2015 the Credit Suisse Commodity Fund Plus (CH) Sfr was renamed the Credit Suisse Commodity Fund Plus (CH) USD when the management of the Fund was transferred from Credit Suisse AG to Credit Suisse Asset Management, LLC. The Fund’s benchmark was changed to the Bloomberg Commodity Index (CHF-Hedged) effective on October 31, 2015. 2 Inception date: November 28, 2003. Reflects inception-to-date performance for the Fund. Performance greater than one year is annualized. 3 Consists of the Bloomberg Commodity Index Total Return (CHF-Hedged) for performance after October 31, 2015 and the CB S&P GSCI (ER) + LIBOR CHF 1M for performance prior to October 31, 2015

Source: Credit Suisse Asset Management, LLC. The performance returns are shown at the parent level and combine the available share classes for the Credit Suisse Commodity Fund Plus (CH) USD. Please refer to the “Performance-Related Disclosures” slide at the back of

the presentation for additional information.


Credit Suisse Commodity Fund Plus (CH) USD1 Key Facts

Launch date2 28.11.2003

Fund Domicile Switzerland

Structure Swiss CISA

Investor Types Institutional and Retail

Investment Manager Credit Suisse Asset Management, LLC

Fund Reference Currency USD

Benchmark3 USD: Bloomberg Commodity Index Total Return CHF: Bloomberg Commodity Index Swiss Franc Hedged Daily Modified TR

Liquidity Daily

Management Fees p.a.4 B/BH: 1.40% EB/EBH: 0.40%

Minimum Holding B/BH: N/A EB/EBH: N/A

Identifiers Currency Share Class Valor (Swiss Security Number) ISIN

CHF BH CHF 1691240 CH0016912401

Terms may change at any time without notice. The only legally binding terms of this investment product including risk considerations, objectives, charges and expenses are set forth in the Sales Prospectus and subscription agreement which are available upon request. 1 Effective October 19, 2015, the Credit Suisse Commodity Fund Plus (CH) Sfr was renamed the Credit Suisse Commodity Fund Plus (CH) USD. 2 Effective October 19, 2015, the management of the Fund was transferred from Credit Suisse AG to Credit Suisse Asset Management, LLC. 3 Benchmark since the Fund transferred over to Credit Suisse Asset Management, LLC. Consists of the Bloomberg Commodity Index Total Return for performance after October 31, 2015 and the CB S&P GSCI (ER) + LIBOR CHF 1M for performance prior to October 31, 2015. 4 Subject to specific qualification requirements set out in the prospectus. Fees do not include other administrative, operational and additional on-going fund expenses.


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Appendix



A Global Commodities Platform

Bringing Our Talent and Ideas to Our Clients Seeking to Deliver Top Performance and Developing Innovative Client Solutions Sets Credit Suisse Apart:

Sources: Credit Suisse Asset Management, LLC Past performance is no guarantee or indicator of future results.

As of December 31, 2017

Commodities Expertise

Track Record

Pure Exposure

Commodities team led by industry veterans with extensive derivatives backgrounds

Portfolio Management Team with over 32 years of combined experience in the space

Experience managing indexed commodities since 1994

USD 8.6 billion in assets under management globally (as of December 31, 2017)

Third largest commodity mutual fund globally by AUM (as of December 31, 2017)

Seek to add excess returns through commodities management (Enhanced, ACCESS, Risk Parity, GAINS)

Cash management strategy which seeks to preserve the diversification qualities of the benchmark

Efficient Exposure Efficient access to commodities using standard or customized indices

Highly liquid instruments with daily liquidity


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Select Commodities Biographies

Christopher Burton Nelson Louie

Christopher Burton, CFA, FRM, is a Managing Director within Credit Suisse Asset Management, based in New York. He currently acts as Senior Portfolio Manager and Trader for the Commodities Team. In this role, Mr. Burton is responsible for analyzing and implementing the team's hedging strategies, indexing strategies, and excess return strategies. Prior to joining Credit Suisse in 2005, Mr. Burton served as an Analyst and Derivatives Strategist with Putnam Investments, where he developed the team's analytical tools and managed their options-based yield enhancement strategies, as well as exposure management strategies. Mr. Burton earned a B.S. in Economics with concentrations in Finance and Accounting from the University of Pennsylvania's Wharton School of Business. Additionally, Mr. Burton is a CFA Charterholder and has achieved Financial Risk Manager® Certification through the Global Association of Risk Professionals (GARP).

Nelson Louie is Global Head and Senior Portfolio Manager of the Commodities Team within Credit Suisse Asset Management. Mr. Louie re-joined Credit Suisse Asset Management in August 2010. From May 2009 to August 2010 he was an Executive Director in the Commodity Index Products area at UBS Securities, LLC. From June 2007 to May 2009 he was a Managing Director at AIG Financial Products responsible for North American Marketing of commodities-based solutions. From April 1993 to June 2007 he held various positions within Credit Suisse Asset Management, LLC. He was a senior portfolio manager overseeing a team that was responsible for enhanced commodity and equity index strategies, option based hedging solutions and option arbitrage products. He was a team member of the commodity funds from their inception through June 2007. Mr. Louie holds a Bachelor of Arts degree in Economics from Union College.

The individuals mentioned above only conduct regulated activities in the jurisdiction(s) where they are properly licensed, where relevant.


Endnotes

Asset classes are measured by: S&P 500: Standard & Poor’s 500 Index, an unmanaged index of US

companies with market capitalization in excess of $3 billion and generally representative of the US stock market

US Bonds: Bloomberg Barclays Capital US Aggregate Bond Index, a market capitalization weighted index of US Treasuries, US Agency debt and other US-denominated securities

Commodities: S&P Goldman Sachs Commodities Index (S&P GSCI TR), a composite index of commodity sector returns, representing an unleveraged, long-only investment in commodity futures that is broadly diversified across the spectrum of 24 physical commodities.

Commodities: The Bloomberg Commodity Index Total Return (BCOM Index TR) is designed to be a highly liquid and diversified benchmark for commodities as an asset class and is composed of futures contracts on 22 physical commodities.

REITs: FTSE NAREIT All Index represents the full universe of publicly traded REITs, including those companies that do not meet the minimum size rule, liquidity criteria or free float adjustments.

Timber & Forestry: S&P Global Timber and Forestry Index Total Return, an index of the 25 largest publicly traded companies involved in the ownership, management or the upstream supply chain of forests and timberlands.

Gold: SPDR Gold Shares, an investment fund whose objective is to reflect the performance of the price of gold bullion, minus the fund’s expenses.

MLPs: Alerian MLP Index, a float-adjusted and capitalization-weighted index that is generally representative of energy Master Limited Partnerships.

Infrastructure Stocks: Dow Jones Brookfield Global Infrastructure Composite Yield Total Return Index (USD), an index which measures the highest-yielding companies in the Dow Jones Brookfield Global Infrastructure Composite Index, which includes global infrastructure companies that derive at least 70% of their cash flows from infrastructure lines of business.

Natural Resources Stocks: The S&P Global Natural Resources Net Total Return Index is comprised of 90 companies in natural resources and (con’t)

commodities businesses, across three primary commodity related sectors: agribusiness, energy, and metals & mining.

TIPS: The Bloomberg Barclays US Treasury TIPS 0-5 Years Total Return Index is composed of inflation protected US Treasury bonds that have remaining maturities of five years or less.

Intermediate Term Bond: Ibbotson Intermediate-Term Government Bond Index TR, is measured using a one-bond portfolio with a maturity of nearly 5-years. BofA Merrill Lynch U.S. Treasury Current 5 Year Index, a one security index comprised of the most recently issued 5-year US Treasury note.

Commodity Alpha Components: Spot return—The component that is related to the performance of a basket of

front month commodities futures contracts (e.g., crude oil) underlying the index

Roll yield—The portion of return attributable to rolling from the nearest underlying commodity contract to the next contract due to expiration. The index assumes that the futures contract roll from the front month to the deferred contract from the 5th to the 9th business day of each month. On each of these days, 20% of the index is rolled naively based on the closing prices for that day. The roll yield can be positive (backwardation) or negative (contango)

Collateral yield—The return on the underlying cash that is assumed to be invested 100% in Treasury Bills.

Sources: Credit Suisse Asset Management, LLC, Bloomberg LP, S&P Dow Jones Indices, Alerian, Morningstar


Performance-Related Disclosures

Past performance is no guarantee or indicator of future results. Gross performance results for the Fund/Composite are shown gross of management fees but net of transaction costs. Net performance

results are net of all fees and expenses. Both gross and net performance figures include the reinvestment of distributions if applicable. It is not possible to invest in an Index. Investors pursuing a strategy similar to an Index may experience higher or lower returns. Exposure

to an asset class represented by an Index is available through investable instruments based on that Index. Those investable instruments will have fees and other transactional costs associated with the investments in them. Those fees and other transaction costs, when applied, will reduce Investors' returns. Past performance is not a guarantee or indicator of future results.

Sources: All data was obtained from publicly available information, internally developed data and other third party sources believed to be reliable. Credit Suisse has not sought to independently verify information obtained from public and third party sources and makes no representations or warranties as to accuracy, completeness or reliability of such information.


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Important Information (1/2)

Credit Suisse Asset Management, LLC (CSAM) provides you this confidential communication for your convenience and solely for informational purposes. The communication is prepared on the basis of publicly available information, internally developed data and other third party sources CSAM believes reliable, including, but not limited to, ratings from agencies such as Standard & Poor’s. Although all reasonable care has been taken in the preparation of this report, the data (including performance figures) have not been independently audited or verified, and the valuations and other information contained herein do not necessarily reflect the value you could realize upon sale. No assurances are provided regarding the reliability, accuracy or reasonableness of the information. None of CSAM, any of its affiliates and/or any third parties is responsible for any errors or omissions contained in the information and take no responsibility for any actions you may or may not take as a result of CSAM providing you with this information. Neither CSAM, nor any of its affiliates and/or any third parties gives any express or implied warranties at all and shall not be liable for any damages, expenses or losses in connection with the use of the information. Credit Suisse makes no representation as to the suitability of this investment product for any particular investor or as to the future performance of this investment product.

This communication should not be used or relied upon for tax reporting purposes or any other official purposes--you should rely exclusively on year-end audit reports. If your portfolio contains "unsupervised assets," either you or your custodian provided CSAM the information--please be advised that CSAM does not value or manage these assets and they are merely reported to you for convenience. CSAM strongly urges you to compare the account statements CSAM or its service providers prepared and those prepared and forwarded to you by your qualified custodian.

Any charts, tables and graphs contained in this document are not intended to be used to assist the reader in determining which securities or commodities to buy or sell, or when to buy or sell securities or commodities. The only legally binding terms of this investment product including risk considerations, objectives, charges and expenses, and conflicts of interest are set forth in the private placement memorandum and subscription documents which are available upon request. Before deciding to invest, prospective investors must carefully read the relevant private placement memorandum and subscription documents and pay particular attention to the risk factors contained therein and determine if this investment product suits the investor’s particular circumstances and should independently assess (with the investor’s tax, legal and financial advisers) the specific risks (maximum loss, currency risks, etc.) and the legal, regulatory, credit, tax and accounting consequences. Prospective investors should have the financial ability and willingness to accept the risk characteristics of this investment product. This investment product is intended only for investors who understand and are capable of assuming all risks involved.

No part of this material may be reproduced or retransmitted in any manner without CSAM's written permission. Notwithstanding the foregoing, an investor may disclose to any and all persons, without limitation of any kind, the tax treatment and tax structure of the vehicle described herein and all materials of any kind (including opinions and other tax analyses) that are provided to the investor relating to such tax treatment and tax structure. This information is intended solely for those to whom it is distributed by CSAM. CSAM does not represent, warrant or guarantee that this information is suitable for any investment purpose other than as specifically contemplated by a written agreement with CSAM and it should not be used as a basis for investment decisions. This material does not purport to contain all of the information that a prospective investor may wish to consider when making an investment decision.

Pricing is provided by independent third parties; CSAM makes no representations as to the accuracy or completeness of such pricing. Where market quotations are readily available, securities are valued thereon, provided such quotations adequately reflect the fair value of securities, in CSAM’s judgment. Security transactions are recorded on a trade date basis unless otherwise noted. Securities listed on any national securities exchange or equivalents are valued at their last trade price. Senior secured and other loan pricing is provided by LoanX or Markit and is based on average quotes from agent banks and dealers. For certain assets in the portfolio, no third party quotations are available; as such, fair value pricing is determined pursuant to a Pricing Committee quarterly review. CSAM determines market values in good faith but makes no representation as to their accuracy. All valuations are subject to Credit Suisse valuation terms. The account's portfolio may change without notice and there are no assurances that it will remain as described herein.

This information does not constitute any recommendation, a solicitation of an offer to purchase or sell any investment, security, product or service or to adopt any investment strategy. It is not investment research or a research recommendation. This informational report may not be used or relied upon in connection with any offer or sale of a security or hedge fund or fund of hedge funds. All opinions and views constitute judgments as of the date of writing without regard to the date on which the reader may receive or access the information, and are subject to change at any time without notice and with no obligation to update. The investment views and market opinions/analyses expressed herein may not reflect those of CSAM as a whole and different views may be expressed based on different investment styles, objectives, views or philosophies. To the extent that these materials contain statements about the future, such statements are forward looking and are subject to a number of risks and uncertainties. You are cautioned to refrain from placing undue reliance on such statements. Due to various risks and uncertainties beyond our control, actual events, results or performance may differ materially from those reflected or contemplated in such forward-looking statements. CSAM has no obligation to update any of the forward-looking statements in this document. The issuer has no duty or obligation to issue the investment product or invest in the underlying assets. The reader should not assume that any investments in companies, securities, sectors, strategies and/or markets identified or described herein were or will be profitable and no representation is made that any investor will, or is likely to achieve, results comparable to those shown, will make any profit or will be able to avoid incurring substantial losses. Investing entails risks, including possible loss of some or all of the investor’s principal.

Investment returns will fluctuate and may be volatile, especially over short time horizons. Returns are calculated net of applicable fees, unless specifically requested otherwise. Past performance does not guarantee or indicate future results. Benchmarks are used solely for purposes of comparison, and the comparison does not mean that there will necessarily be a correlation between the returns described herein and the benchmarks. Indices are not subject to management fees and are unavailable for direct investment. There are limitations in using financial indices for comparison purposes because, among other reasons, such indices may have different volatility, diversification, credit and other material characteristics (such as number or type of instrument or security).

The underlying indices are registered trademarks and have been licensed for use. The indices are compiled and calculated solely by licensors and the licensors shall have no liability with respect thereto. The products based on the indices are in no way sponsored, endorsed, sold or promoted by the licensors.

Foreign Securities: Investments in foreign securities or currencies involve additional risk as the foreign security or currency might lose value against the investor’s reference currency.

For Commodities Pools Only: Pursuant to an exemption from the Commodities Futures Trading Commission in connection with the Pools whose participants are limited to Qualified Eligible Participants, an offering Memorandum for the Pool is not required to be, and has not been, filed with the Commission. The Commodity Futures and Trading Commission does not pass on the merits of participating in a Pool or upon the adequacy or accuracy of an offering Memorandum. Consequently, the Commodities Futures Trading Commission has not reviewed or approved this offering or any offering Memorandum for this Pool.


Important Information (2/2)

For Separately Managed Accounts With Commodity Futures Contracts: Trading in commodity interests may involve substantial risks. Commodity markets are highly volatile and are influenced by factors such as changing supply and demand relationships, governmental programs and policies, national and international political and economic events and changes in interest rates. The low margin or premiums normally required in such trading may provide a large amount of leverage, and a relatively small change in the price of a security or contract can produce a disproportionately larger profit or loss. There is no assurance that a liquid secondary market will exist for commodity futures contracts or options purchased or sold, and an account or vehicle may be required to maintain a position until exercise or expiration, which could result in losses. Futures positions may be illiquid because, for example, most United States commodity exchanges limit fluctuations in certain futures contract prices during a single day by regulations referred to as "daily price fluctuation limits" or "daily limits." Once the price of a contract for a particular future has increased or decreased by an amount equal to the daily limit, positions in the future can neither be taken nor liquidated unless traders are willing to effect trades at or within the limit. Futures contract prices on various commodities or financial instruments occasionally have moved the daily limit for several consecutive days with little or no trading. Similar occurrences could prevent a Fund from promptly liquidating unfavorable positions and subject the Fund to substantial losses. In addition, the Fund may not be able to execute futures contract trades at favorable prices if trading volume in such contracts is low. It is also possible that an exchange or the CFTC may suspend trading in a particular contract, order immediate liquidation and settlement of a particular contract or order that trading in a particular contract be conducted for liquidation only. In addition, the CFTC and various exchanges impose speculative position limits on the number of positions that may be held in particular commodities. Trading in commodity futures contracts and options are highly specialized activities which may entail greater than ordinary investment or trading risks.

Alternative Investments: Alternative investments products and investment strategies which CSAM offers (e.g. Hedge Funds or Private Equity) may be complex and may carry a higher degree of risk. Such risks can arise from extensive use of short sales, derivatives and leverage. Furthermore, the minimum investment periods for such investments may be longer than traditional investment products. Alternative investment strategies (e.g. Hedge Funds) are intended only for investors who understand, can assume and accept the risks associated with investments in such products. Materials have been furnished to the recipient and should not be re-distributed without the express written consent of Credit Suisse.

For prospective investors in Switzerland: Commodity investments and derivatives or indices thereof are subject to particular risks and high volatility. The performance of such investments depends on unpredictable factors such as natural catastrophes, climate influences, hauling capacities, political unrest, seasonal fluctuations and strong influences of rolling-forward, particularly in futures and indices. Credit Suisse Commodity Fund Plus (CH) USD: This fund is domiciled and registered in Switzerland. The fund management company is Credit Suisse Funds AG, Zurich. The custodian bank is Credit Suisse (Switzerland) Ltd, Zurich.

The prospectus, the simplified prospectus and/or the Key Investor Information Document (KIID) and the annual and half-yearly reports may be obtained free of charge from the representative or from any branch of Credit Suisse AG in Switzerland. The underlying indices are registered trademarks and have been licensed for use. The indices are compiled and calculated solely by licensors and the licensors shall have no liability with respect thereto. The products based on the indices are in no way sponsored, endorsed, sold or promoted by the licensors

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