Credit Suisse Managed Futures Strategy Fund Fund Profile

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1 Credit Suisse Managed Futures Strategy Fund Fund Profile Class I: CSAIX Class A: CSAAX Class C: CSACX Investment Opportunity Alternative investment mutual fund that may: Generate returns that are uncorrelated to traditional asset classes Help diversify portfolios to improve performance Profit from a variety of different market environments Reduce risk during equity market declines The Diversification Benefits of Managed Futures Managed Futures is an alternative trading strategy that seeks to capitalize on trends across global equity, fixed income, currency and commodity markets. By taking either long or short positions in these markets, the strategy has the ability to profit regardless of whether asset prices rise or fall. Given the flexibility of the strategy, Managed Futures returns are generally uncorrelated to traditional assets. As a result, the strategy can improve a portfolio s diversification and may reduce risk during periods of market stress (see Figure 1). Figure 1: Historical Performance of Managed Futures vs. Global Equities 3/31/ Equities Managed Futures Return (ann.) 2.8% 5.5% Volatility (ann.) 15.8% 11.6% Sharpe Ratio (0%) Max Drawdown -54.0% -17.4% Correlation to EQ Correlation during down markets in EQ INDEX (REBASED) % +32.6% -54% +16.7% Global Equities Managed Futures The Fund s investment objectives, risks, charges and expenses (which should be considered carefully before investing), and more complete information about the Fund, are provided in the Prospectus, which should be read carefully before investing. You may obtain copies by calling For up-to-date performance, please visit our website at Past performance is no guarantee of future results. Sources: Credit Suisse, Bloomberg; observation period 12/31/1999 to 3/31/2016. Time period chosen represents live period of the Credit Suisse Managed Futures Hedge Fund Index. Global Equities represented by MSCI World TR Index and Managed Futures represented by Credit Suisse Managed Futures Hedge Fund Index. 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. The performance shown is for illustrative purposes only and does not represent performances of the Credit Suisse Managed Futures Strategy Fund or any Credit Suisse investment. The performance of the Credit Suisse Managed Futures Hedge Fund Index fluctuated over the period shown and the actual performance in relation to any other asset classes can and will vary depending on market conditions. Return is measured as historical performance annualized. Risk is measured as standard deviation annualized. Please see the disclaimer at the end of this document. It is not possible to invest directly in an index. 1

2 The Credit Suisse Managed Futures Strategy Fund is designed to provide diversified exposure to trends across asset classes, geographies and time horizons. The Credit Suisse Approach Diversified Across Asset Classes The Fund systematically takes long or short positions in highly liquid and widely traded instruments across all major asset classes and geographies in order to profit from rising or falling prices This diversified approach captures significant trends across major asset classes without being overly dependent on one instrument or asset class Global Investment Universe Equities S&P 500 Hang Seng Nikkei 225 Euro Stoxx50 FTSE 100 Fixed Income US Treasuries UK Gilt Euro Bond Japanese Govt. Bond Currencies Australian Dollar British Pound Canadian Dollar Euro Japanese Yen Commodities Agriculture Precious Metals Industrial Metals Energy Source: Credit Suisse Diversified Across Time Horizons The Fund uses proprietary quantitative techniques to identify and invest in trends across a range of time horizons This may help the Fund profit from sustained trends while reacting quickly to changes in the market environment Active Risk Management The Fund seeks to control volatility by taking larger exposures in less volatile instruments This equalizes risk across positions and ensures the portfolio is not over-exposed to any individual asset class or instrument The Fund s proprietary model actively increases position sizes when trends are strong and decreases the size of positions when trends are weak This allows the Fund to navigate market turning points while helping to mitigate losses Volatility is actively managed; this may help the Fund to generate returns while potentially limiting the magnitude of losses 2

3 Portfolio Managers Credit Suisse Asset Management: Your Partner of Choice for Liquid Alternatives Experienced Investment Management The Fund is managed by a specialized investment team which leverages the resources of Credit Suisse one of the world s largest and most experienced hedge fund franchises Collectively, the teams have: 40+ experienced investment professionals covering multi-manager solutions across the entire hedge fund universe as well as alternative liquid trading strategies across asset classes and styles Yung-Shin Kung Director, Credit Suisse Head and CIO, Quantitative Investment Strategies B.A. in Economics from the University of Chicago $10bn assets under management in multi-manager and liquid alternative trading strategies 15+ years live track record for multi-manager solutions, 7+ years live track record for liquid trading strategies Sophisticated Trading Infrastructure Investment team supported by state of the art trading infrastructure that leverages Credit Suisse s buying power to ensure best pricing and execution Proprietary trading algorithms provide for efficient execution and lower trading costs Independent Risk Oversight ensures rigorous review and monitoring of positions on a continuous basis Sheel Dhande Director, Credit Suisse B.S. University of Pune M.S. MIT Media Lab 3

4 Fund Terms Launch Date September 28, 2012 Structure Registered Investment Company Liquidity Daily Portfolio Manager Credit Suisse Asset Management, LLC Benchmark Credit Suisse Managed Futures Liquid Index Initial Minimum Class I: USD 250,000 1 Investment Class A and C: USD 2,500 (taxable accounts); USD 500 (IRAs) Subsequent Investment Class I: USD 100,000 1 Minimums Class A and C: USD 100 (USD 50 for IRA electronic transfers (ACH)) Ticker/CUSIP Class I: CSAIX/22540S711 Class A: CSAAX/22540S737 Class C: CSACX/22540S729 Sales Charges Class I: Max. sales charge: None Max. deferred sales charge: None Class A: Max. sales charge: Up to 5.25% Max. deferred sales charge: None Class C: Max. sales charge: None Max. deferred sales charge: deferred 1% if shares sold within first year 1 Eligibility requirements apply. Please see the Prospectus for additional information. Fund Performance Performance as of 3/31/2016 Average Annual Total Returns Inception 1 Month 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since Return Return Returns Inception of Fund Class I 09/28/ % 4.55% 4.55% -2.73% 8.92% n/a n/a 8.58% Class A (without sales charge) 09/28/ % 4.75% 4.75% -2.90% 8.67% n/a n/a 8.34% Class A (with max. sales charge) 09/28/ % -0.88% -0.88% -7.97% 6.74% n/a n/a 6.70% Class C (without sales charge) 09/28/ % 4.38% 4.38% -3.69% 7.83% n/a n/a 7.51% Class C (with max. sales charge) 09/28/ % 3.38% 3.38% -4.58% 7.83% n/a n/a 7.51% Credit Suisse Managed Futures 01/31/ % 4.81% 4.81% -2.52% 9.18% 3.94% n/a 8.51% Liquid Index Fees and Characteristics Class I Class A Class C Management fee 0.95% 0.95% 0.95% Distribution and service (12b-1) fee None 0.25% 1.00% Total annual fund operating expenses 1.45% 1.70% 2.45% Less: amount of fee limitations/expense reimbursements 0.15% 0.15% 0.15% Total annual fund operating expenses after fee limitations/expense reductions % 1.55% 2.30% The performance data quoted represents past performance. Past performance is no guarantee of future results. The current performance of the fund may be lower or higher than the figures shown. The fund s yield, returns and share price will fluctuate, and redemption value may be more or less than original cost. Performance information current to the most recent month-end is available at 2 Credit Suisse Opportunity Funds (the Trust ) and Credit Suisse Asset Management, LLC ( Credit Suisse ) have entered into a written contract limiting operating expenses to 1.55% of the fund s average daily net assets for Class A shares, 2.30% of the fund s average daily net assets for Class C shares and 1.30% of the fund s average daily net assets for Class I shares at least through February 28, This limit excludes certain expenses, including interest charges on fund borrowings, taxes, brokerage commissions, dealer spreads and other transaction charges, expenditures that are capitalized in accordance with generally accepted accounting principles, acquired fund fees and expenses, short sale dividends, and extraordinary expenses (e.g., litigation and indemnification and any other costs and expenses that may be approved by the Board of Trustees). The Trust is authorized to reimburse Credit Suisse for management fees previously limited and/or for expenses previously paid by Credit Suisse, provided, however, that any reimbursements must be paid at a date not more than three years after the end of the fiscal year during which such fees were limited or expenses were paid by Credit Suisse and the reimbursements do not cause a class to exceed the applicable expense limitation in the contract at the time the fees were limited or expenses were paid. This contract may not be terminated before February 28,

5 Risk Considerations All investments involve some level of risk. Simply defined, risk is the possibility that you will lose money or not make money. Before you invest, please make sure you understand the risks that apply to the fund. As with any mutual fund, you could lose money over any period of time. Investments in the fund are not bank deposits and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Principal risk factors for the fund include: Commodity Exposure Risks: Exposure to the commodities markets may subject the fund to greater volatility than investments in traditional securities. Credit Risk: The issuer of a debt instrument, the borrower of a loan or the counterparty to a contract, including derivatives contracts, may default or otherwise become unable to honor a financial obligation. Currency Risk: Currency risk is the risk that changes in currency exchange rates will negatively affect securities or instruments denominated in, and/or payments received in, foreign currencies. Derivatives Risk: In addition to the risks described below under Speculative Exposure Risk, there are additional risks associated with investing in derivatives. Equity Exposure Risk: Equity security prices have historically risen and fallen in periodic cycles. U.S. and foreign equity markets have experienced periods of substantial price volatility in the past and may do so again in the future. Exchange-Traded Notes Risk: ETNs are a type of unsecured, unsubordinated debt security that have characteristics and risks similar to those of fixed income securities and trade on a major exchange similar to shares of exchange-traded funds ( ETFs ). Fixed Income Risk: The market value of fixed income investments, and financial instruments related to those fixed income investments, will change in response to interest rate changes and other factors, such as changes in the effective maturities and credit ratings of fixed income investments. Foreign Securities Risk: A fund that has exposure to investments outside the U.S. carries additional risks that include Currency Risk, Information Risk and Political Risk. Forwards Risk: Forwards are not exchange-traded and therefore no clearinghouse or exchange stands ready to meet the obligations of the contracts. Futures Contracts Risk: The price volatility of futures contracts historically has been greater than that for traditional securities such as stocks and bonds. Interest Rate Risk: Changes in interest rates may cause a decline in the market value of an investment. Leveraging Risk: Although the fund itself will not be leveraged, certain financial instruments may give rise to a form of leverage. Market Risk: The market value of an instrument may fluctuate, sometimes rapidly and unpredictably. Non-Diversified Status: The fund is considered a non-diversified investment company under the 1940 Act and is permitted to invest a greater proportion of its assets in the securities of a smaller number of issuers. Options Risk: A decision as to whether, when and how to use options involves the exercise of skill and judgment, and even a well-conceived and well-executed options program may be adversely affected by market behavior or unexpected events. Portfolio Turnover Risk: The fund expects to engage in frequent trading of derivatives. Repurchase Agreements Risk: Repurchase agreements could involve certain risks in the event of default or insolvency of the seller, including losses and possible delays or restrictions upon the fund s ability to dispose of the underlying securities. Short Position Risk: The fund or the Subsidiary may enter into a short position through a futures contract or swap agreement. Speculative Exposure Risk: Gains or losses from speculative positions in a derivative may be much greater than the derivative s original cost. Structured Note Risk: The fund may seek investment exposure to asset classes through structured notes that may be exchange-traded or trade in the overthe-counter market. Subsidiary Risk: By investing in the Subsidiary, the fund is indirectly exposed to the risks associated with the Subsidiary s investments. Swap Agreements Risk: Swap agreements involve the risk that the party with whom the fund has entered into the swap will default on its obligation to pay the fund and the risk that the fund will not be able to meet its obligations to pay the other party to the agreement. Tax Risk: In order to qualify as a RIC under the Code, the fund must meet certain requirements regarding the source of its income, the diversification of its assets and the distribution of its income. U.S. Government Securities Risk: Obligations of U.S. government agencies and authorities are supported by varying degrees of credit but generally are not backed by the full faith and credit of the U.S. government. Definitions Credit Suisse Managed Futures Hedge Fund Index: The Credit Suisse Managed Futures Hedge Fund Index is a subset of the Credit Suisse Hedge Fund Index that measures the aggregate performance of managed futures funds. Managed futures funds (often referred to as CTAs or Commodity Trading Advisors) typically focus on investing in listed bond, equity, commodity futures and currency markets, globally. Credit Suisse Managed Futures Liquid Index: The Credit Suisse Managed Futures Liquid Index seeks to gain broad exposure to the Managed Futures strategy using a pre-defined quantitative methodology to invest in a range of asset classes including: equities, fixed income, commodities and currencies. The Managed Futures Liquid Index is also a factor within the Credit Suisse Global Strategies Liquid Index. Important Legal Information From time to time, the fund s investment adviser and co-administrators may waive some fees and/or reimburse some expenses at any time, without which performance would be lower. Credit Suisse Opportunity Funds (the Trust ) and Credit Suisse Asset Management, LLC ( Credit Suisse ) have entered into a written contract limiting operating expenses to 1.55% of the fund s average daily net assets for Class A shares, 2.30% of the fund s average daily net assets for Class C shares and 1.30% of the fund s average daily net assets for Class I shares at least through February 28, Waivers and/or reimbursements are subject to change. Returns represent past performance and include change in share price and reinvestment of dividends and capital gains. Past performance is no guarantee of future results. The current performance of the fund may be lower or higher than the figures shown. The fund s yield, returns and share price will fluctuate, and redemption value may be more or less than original cost. Performance information current to the most recent month-end is available at Fund shares are not deposits or other obligations of Credit Suisse Asset Management, LLC or any affiliate, are not insured by the Federal Deposit Insurance Corporation and are not guaranteed by Credit Suisse Asset Management, LLC or any affiliate. Fund investments are subject to investment risks, including loss of your investment. Credit Suisse credit-suisse.com 5