M&A - CREDIT SUISSE TRUST

Form Type: 497

Filing Date: 2025-05-28

Corporate Action: Acquisition

Type: New

Accession Number: 000110465925053432

Filing Summary: On May 28, 2025, UBS Asset Management (Americas) LLC ("UBS AM (Americas)"), the investment adviser for each Fund, entered into an agreement to sell its O'Connor investment platform to an affiliate of Cantor Fitzgerald Investment Advisors, L.P. Following this Transaction, the investment management team, including the portfolio management team for the Funds, will transition to the newly-formed Affiliate, which is in the process of registering as an investment adviser with the SEC. Cantor Fitzgerald has been a registered investment adviser since 2011. The initial closing of the Transaction is anticipated by the end of the fourth quarter of 2025 and is subject to regulatory and investor approvals, along with customary closing conditions. Investment management responsibilities for the Funds will move from UBS AM (Americas) to Cantor Fitzgerald, pending approval from each Fund's Board of Trustees and its shareholders. Shareholders are advised to keep this supplement for future reference.

Form Type: 497K

Filing Date: 2025-05-28

Corporate Action: Merger

Type: New

Accession Number: 000110465925053434

Filing Summary: On May 28, 2025, UBS Asset Management (Americas) LLC entered into an agreement with an affiliate of Cantor Fitzgerald Investment Advisors, L.P. to sell UBS AM (Americas)'s O'Connor investment platform to the affiliate. Following this transaction, the investment management and support teams, which include each Fund's portfolio management team, will transition to the affiliate. The affiliate is a newly-formed investment adviser currently registering with the SEC. The initial closing of the transaction is expected by the end of Q4 2025, pending regulatory and investor approvals. All investment management responsibilities for the Funds will transfer from UBS AM (Americas) to Cantor Fitzgerald, subject to Board and shareholder approvals. Further details regarding the transfer will be provided subsequently.