Simplified Prospectus • April 2011

Performance of the Subfund (in %) Credit Suisse Equity Fund (CH) (change in the net asset value where income is reinvested) Swissac Subfund of the Umbrella Fund under Swiss Law of the 40.0% 30.0% “Other Funds for Traditional Investments” Type 20.0% 10.0% Simplified Prospectus 0.0% -10.0% April 2011 -20.0% -30.0% -40.0% Distribution in Switzerland and Liechtenstein 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Information CS EF (CH) Swissac B This simplified prospectus contains the key information about Credit Suisse SPI (RI) Equity Fund (CH) Swissac (the “Subfund”). The definitive regulations on the Average Return 3 years 5 years 10 years legal and economic aspects are laid down in the full prospectus with integrated CS EF (CH) Swissac fund contract. These govern, among other things, the rights of the investors, B -6.6% -0.2% -0.6% the duties and obligations of the fund management company and the custodian SPI (RI) -5.8% 0.2% - bank, as well as the investment policy of the Subfund. Investors are advised to consult the full prospectus with integrated fund Source: Lipper, a Reuters Company. The chart shows the development of the Subfund’s value in contract. The annual and semi-annual reports provide information on the assets its reference currency. Historical performance is not a guarantee of future returns. and income statement. These documents may be obtained free of charge from the fund management company, the custodian bank and all distributors. Profile of the Typical Investor These subfunds are suitable for investors wishing to participate in the Investment Information development of the equity market specified in the respective investment policy. Investment Objective Investors will be looking for balanced, broad and diversified exposure to that The investment objective of the Subfund is principally to achieve an appropriate particular country or economic region. return in the accounting currency by investing in the instruments listed below for each subfund. Due account shall be taken of the principle of risk Distribution Policy diversification, security of the capital invested and liquidity of the Subfund’s The net income of the capital-growth unit classes of a subfund will be added assets. yearly to the corresponding subfund for reinvestment subject to any taxes and duties levied on such reinvestment and to any extraordinary distributions to Investment Strategy (Investment Policy) investors of the net income from the capital-growth unit classes of the sub- This subfund invests primarily in equities and equity-type securities (shares, funds in the respective accounting currency. dividend-right certificates, shares in cooperatives, participation certificates, etc.) of companies domiciled in or carrying out the bulk of their business activities in Unit Classes Switzerland, and in other investments permitted under the fund contract. There are at present four classes of units: B, D, F and I. The companies are selected based on qualitative and quantitative analyses, These unit classes are capital-growth units. regardless of their market capitalization (small, mid or large cap) or sector. For Class B units, there are no provisions concerning a minimum investment or Furthermore, the selection and weighting of suitable equities are based on the minimum holding. Class B units are issued and redeemed in the Fund’s forecasts for trends on the Swiss stock market. These selection criteria may accounting currency. result in a stock-specific or sector-specific concentration on a few companies. Class D units may only be held by investors who have signed an asset If these forecasts are very favorable, the fund management company may management, cooperation or other similar written agreement with the fund increase the subfund’s exposure to a maximum of 120% of the subfund’s net management company or with Credit Suisse AG, Zurich. They differ from the assets (leverage effect) in accordance with §12 prov. 3 and §13 prov. 2 of the other unit classes with regard to cost structure in terms of the maximum rates fund contract by using derivative financial instruments and by taking out loans. for management fees set out in part 2, § 19 prov. 1 (Fees and Incidental Costs This increased exposure and the resulting financing costs result in a greater Charged to the Subfunds’ Assets). Investors for whom there is no longer any fluctuation in the value of the units of each class. In other words, both gains contractual basis for holding units of class D may be required by the fund and losses have a disproportionate effect on the subfund’s value. management company to redeem their units or to have them exchanged for As the subfund is geared to the Swiss Performance Index (SPI), its assets may units of another class for which the investor is eligible. The corresponding be concentrated in a small number of issuers represented in the reference entries must be made in a safekeeping account at the custodian bank. index, thus leading to an increase in the securities-specific risks. This may Class F units may only be held by investors who have signed an asset man- result in the subfund exhibiting a higher risk than that of the index (market risk) agement agreement with the fund management company or with Credit Suisse (cf. § 15 prov. 3 of the fund contract). AG, Zurich. They differ from the other unit classes with regard to cost structure The Swiss Performance Index (SPI) is a country-specific equities index of in terms of the maximum rates for management fees set out in part 2, § 19 publicly traded companies. It is a focused equities index with a concentration of prov. 1 (Fees and Incidental Costs Charged to the Fund’s Assets). Investors for pharmaceutical and banking stocks. In line with their market capitalization, the whom there is no longer any contractual basis for holding units of class F may six largest positions in the Swiss Performance Index (SPI) exhibited the follow- be required by the fund management company to redeem their units or to have ing weightings as at September 3, 2010: Nestlé SA 20.42%, Novartis AG them exchanged for units of another class for which the investor is eligible. The 14.44%, Roche Holding AG 10.76%, UBS AG 7.03%, Credit Suisse Group corresponding entries must be made in a safekeeping account at the custodian AG 5.43%, ABB Ltd. 5.22%. bank. With regard to cost structure, Class I units differ from class B units in terms of Risk Profile of the Subfund the maximum rates set out in part 2, § 19 prov. 1 (Fees and Incidental Costs The value of the subfund’s investments is governed by the market value of Charged to the Fund’s Assets). The minimum initial investment for class I units investments at any given time. Depending on the prevailing stock market trend and the minimum number of Class I units that must be held by the investor at and the performance of the stocks held in the portfolio, the net asset value can any given time (minimum holding) are stated in the table below. If the value of fluctuate considerably. The possibility of a depreciation in value over longer the units held falls below this minimum holding figure, the fund management periods cannot be ruled out. There is no guarantee that the investors will re- company may take steps to switch the investment into units of another class for ceive a certain return and that they will be able to return their units to the fund which the investor is eligible. Should unit holdings fall below the minimum figure management company for redemption at a certain price. When redeeming for market or performance-related reasons, switching into another unit class is units, it is possible that an investor will not recoup the amount originally invested not mandatory; such a switch is, however, mandatory if the minimum holding in the subfund. For more detailed information, investors should refer to the full figure is undershot due to a redemption. sales prospectus with integrated fund contract. The corresponding entries must be made in a safekeeping account at the custodian bank.

Credit Suisse Equity Fund (CH) Swissac 1 / 2 Simplified Prospectus • April 2011

Minimum Investment / Minimum Holding The income distributed and reinvested and/or the income realized on the sale Minimum investment Minimum holding or redemption of units is not subject to EU savings tax. Unit class B – – Taxation and other tax implications for investors who hold, buy or sell fund units Unit class D – – are defined by the tax laws and regulations in the investor’s country of domicile. Unit class F – – Unit class I CHF 5,000,000 CHF 1,000,000 Information Relating to Trading Publication of Prices Economic Information Prices of all unit classes for all subfunds are published daily on the electronic Commissions and Costs Swiss Fund Data platform (www.swissfunddata.ch) and possibly also in other Fees and incidental costs charged 31.5.2008 30.09.2009* 30.09.2010 Swiss and international newspapers and electronic media. directly to investors on purchases and redemptions Modalities for Purchasing and Redeeming Units Maximum issuing Unit class B Subscription and redemption orders received by the custodian bank by 3 p.m. commission Unit class D 5.0% 5.0% 5.0% on a given bank working day (order day) will be settled on the next bank Unit class F working day (valuation day) on the basis of the net asset value calculated on Unit class I this day. The net asset value taken as the basis for the settlement of the order Maximum redemption Unit class B commission Unit class D is therefore not known when the order is placed (forward pricing). It will be 2.0% 2.0% 2.0% Unit class F calculated based on closing prices on the valuation day. Unit class I Commission on conversions between none none none Brief Profile of the Fund unit classes Launch date of the Fund December 1, 1982 under Swiss law Commissions and costs charged to 31.5.2008 30.09.2009* 30.09.2010 Financial year October 1 to September 30 the Fund’s assets on an ongoing basis Security number Unit class B CHF: 279 375 Max. management Unit class B 1.6% 1.6% 1.6% Unit class F CHF: 11820646 commission payable Unit class D – – – Unit class I CHF: 4352097 to the management Unit class F – – – ISIN Unit class B CHF: CH0002793757 company for the Unit class I – – 0.80% management, Unit class F CHF: CH0118206462 administration and Unit class I CHF: CH0043520979 sale of the subfunds Term (of the Fund) unlimited Maximum custodian Unit class B bank fee Unit class D Promoter Credit Suisse Group AG, Paradeplatz 8, 0.050% 0.050% 0.050% Unit class F 8001 Zurich Unit class I Fund management Credit Suisse Asset Management Funds AG, Total expense ratio Unit class B 1.67% 1.66% 1.67% company Sihlcity – Kalandergasse 4, 8070 Zurich (TER) Unit class D – – – Asset manager Credit Suisse AG, Paradeplatz 8, 8001 Zurich (excluding securities Unit class F – – – transaction costs) Unit class I – 0.85% 0.83% Custodian bank Credit Suisse AG, Paradeplatz 8, 8001 Zurich Portfolio turnover Unit class B Auditors KPMG AG, Badenerstrasse 172, 8004 Zurich rate (PTR) Unit class D 109.16% 142.46% 142.80% Supervisory authority Swiss Financial Market Supervisory Authority FINMA, Unit class F Unit class I Berne * As the end of the financial year has been changed from May 31 to September 30, the Contacts In Switzerland: TER and PTR ratios will exceptionally be reported for the extended financial year, namely Credit Suisse AG, Sales Investment Funds, for the period beginning June 1, 2008 and ending September 30, 2009. P.O. Box 800, 8070 Zurich In the Principality of Liechtenstein: Fee Splitting Agreements and Soft Commissions LGT Bank in Liechtenstein AG, Herrengasse 12, FL- The fund management company has concluded no fee splitting agreements or 9490 Vaduz agreements in respect of soft commissions. Information Regarding Distribution in the Principality of Liechtenstein Tax Information (in Respect of the Fund) The Representative and Paying Agent in the Principality of Liechtenstein is LGT The umbrella fund and the subfunds have no legal personality in Switzerland. Bank in Liechtenstein AG, Herrengasse 12, FL-9490 Vaduz. They are not subject to tax on income or capital. The prospectus and fund contract as well as annual and semi-annual reports in The Swiss federal withholding tax deducted from the subfunds’ domestic German are obtainable free of charge from the Representative and Paying income can be reclaimed in full for the corresponding subfund by the fund Agent in Liechtenstein. management company. Notifications and changes to the fund contract and prospectus, a change of Income and capital gains realized outside Switzerland may be subject to the fund management company or custodian bank, as well as the liquidation of a relevant withholding tax deductions imposed by the country of investment. subfund shall be published in the Liechtensteiner Vaterland. Insofar as is possible, these taxes will be reclaimed by the fund management Prices (issue and redemption prices of subfund units) are published on the company on behalf of investors resident in Switzerland under the terms of electronic Swiss Fund Data platform (www.swissfunddata.ch) each day that double taxation treaties or other such agreements. units are issued or redeemed. At least twice a month, prices are pub-lished in the “Liechtensteiner Vaterland”. Tax Information (for Investors Resident for Tax Purposes in The place of performance and jurisdiction is Vaduz. Switzerland) Income from the subfunds is subject to Swiss federal withholding tax at 35%, regardless of whether the income is reinvested (capital growth) or distributed. Any capital gains paid on a separate coupon are not subject to withholding tax. Investors domiciled in Switzerland may reclaim the deducted withholding tax via their tax returns or by submitting a separate refund application.

Tax Information (for Investors Resident Outside Switzerland for Tax Purposes) Income from the subfunds is subject to Swiss federal withholding tax at 35%, regardless of whether the income is reinvested (capital growth) or distributed. Any capital gains paid on a separate coupon are not subject to withholding tax. Clients domiciled outside Switzerland can reclaim the withholding tax under any double taxation agreement between Switzerland and their country of domicile. If no such treaty exists, then the withholding tax may not be reclaimed.

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