Information to the shareholders
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Luxembourg, 11 December 2020
Information to the shareholders
CS Investment Funds 2
Investment Company with Variable Capital under Luxembourg Law
5, rue Jean Monnet,
L-2180 Luxembourg
R.C.S. Luxembourg B 124019
(the "Company")
I. Notice is hereby given to the shareholders of the Company that the board of directors of the Company
(the "Board of Directors") has decided to amend Chapter 2 "CS Investment Funds 2 – Summary of Share
Classes" and more particularly footnotes (5) and (13) regarding the definition of D share class as follows:
Old wording New wording
Footnote (5) Class DA, DAH, DAPH, DB, DBH and Class DA, DAP, DAH, DAPH, DB, DBH and,
DBPH Shares are subject to a management DBHP and DBPH Shares are not subject to a
service fee, payable by the Company to the management fee but only to a management
Management Company covering all fees and service fee, payable by the Company to the
expenses as described in Chapter 9, Management Company, covering all fees and
“Expenses and Taxes”, of at least 0.03% p.a. expenses as described in Chapter 9, “Expenses
but not more than 0.25% p.a., although in and Taxes”, of at least 0.0% p.a. but not more
certain cases, the transaction fees and the than 0.25%0.35% p.a., although in certain
fees of the Depositary Bank’s cases, the transaction fees and the fees of the
correspondents may be charged additionally. Depositary Bank’s correspondents may be
Additional fees will be charged directly to the charged additionally. Additional fees will be
investor, upon the conditions of the separate charged directly to the investor, upon the
agreement entered into between the investor conditions of the separate agreement entered
and the relevant entity of Credit Suisse Group into between the investor and the relevant entity
AG. of Credit Suisse Group AG.
Footnote (13) Class DAP, DAHP, DBP and DBHP Shares Class DAP, DAHP, DBP and DBHP Shares are
are subject to a management service fee, not subject to a management fee but only to
payable by the Company to the Management a management service fee, payable by the
Company, covering all fees and expenses as Company to the Management Company,
described in Chapter 9, “Expenses and covering all fees and expenses as described in
Taxes”, of at least 0.03% p.a. but not more Chapter 9, “Expenses and Taxes”, of at least
than 0.25% p.a., and a performance fee, 0.0% p.a. but not more than 0.25%0.35% p.a.
payable to the Management Company. and a performance fee, payable to the
Management Company, if applicable.
Additional fees will be charged directly to
the investor, upon the conditions of the
separate agreement entered into between
the investor and the relevant entity of
Credit Suisse Group AG.
Notice is also hereby given to the shareholders of the Company that the Board of Directors has decided to
reflect this change in Chapter 5 "Investment in CS Investment Funds 2" under section "Share Classes
dedicated to a specific type of Investors".
1II. Notice is also hereby given to the shareholders of the Company that the Board of Directors has decided
to amend Chapter 9 "Expenses and Taxes" in order to amend item m) of the list of expenses that the
Company shall bear, as follows:
Old wording New wording
The cost of preparing, depositing and publishing the The cost of preparing, depositing and publishing the
Articles of Incorporation and other documents in Articles of Incorporation and other documents in
respect of the Company, including notifications for respect of the Company, including notifications for
registration, Key Investor Information Documents, registration, Key Investor Information Documents,
prospectuses or memoranda for all government prospectuses or memoranda for all government
authorities and stock exchanges (including local authorities and stock exchanges (including local
securities dealers’ associations) which are required in securities dealers’ associations) which are required in
connection with the Company or with offering the connection with the Company or with offering the
Shares; the cost of printing and distributing annual and Shares; the cost of printing and distributing annual and
semi-annual reports for the Shareholders in all required semi-annual reports for the Shareholders in all required
languages, together with the cost of printing and languages, together with the cost of printing and
distributing all other reports and documents which are distributing all other reports and documents which are
required by the relevant legislation or regulations of the required by the relevant legislation or regulations of the
above-mentioned authorities; the cost of book-keeping above-mentioned authorities; the remuneration of
and calculating the daily Net Asset Value which may the members of the Board of Directors and their
not exceed 0.10% p.a., the cost of notifications to reasonable and documented travel and out-of-
Shareholders including the publication of prices for the pocket expenses, insurance coverage (including
Shareholders, the fees and costs of the Company’s director/manager insurance); the cost of book-
auditors and legal advisers, and all other similar keeping and calculating the daily Net Asset Value which
administrative expenses, and other expenses directly may not exceed 0.10% p.a., the cost of notifications to
incurred in connection with the offer and sale of Shareholders including the publication of prices for the
Shares, including the cost of printing copies of the Shareholders, the fees and costs of the Company’s
aforementioned documents or reports as are used in auditors and legal advisers, and all other similar
marketing the Company’s Shares. The cost of administrative expenses, and other expenses directly
advertising may also be charged. incurred in connection with the offer and sale of
Shares, including the cost of printing copies of the
aforementioned documents or reports as are used in
marketing the Company’s Shares. The cost of
advertising may also be charged.
III. Notice is also hereby given to the shareholders of the Company that the Board of Directors has decided
to amend Chapter 22, "Main Parties" in order to amend the composition of the Board of Directors to reflect
the appointment by cooptation of Freddy Brausch as independent director as of 1 October 2020, in
replacement of Rudolf Kömen.
IV. Notice is also hereby given to the shareholders of the Company that the Board of Directors has decided
to change the name of some of the subfunds of the Company as indicated in the table below. The name
change will have no impact on the investment objective and policy of Credit Suisse (Lux) Global Balanced
Convertible Bond Fund which will remain unchanged. However, the investment objective and policy sections
of Credit Suisse (Lux) Small & Mid Cap Europe Equity Fund and Credit Suisse (Lux) Eurozone Active
Opportunities Equity Fund have been amended following their change of names, as further described in
this notice below.
Old Subfunds names New Subfunds names
Credit Suisse (Lux) Small & Mid Cap Europe Equity Credit Suisse (Lux) European Entrepreneur Equity
Fund Fund
Credit Suisse (Lux) Eurozone Active Opportunities Credit Suisse (Lux) Eurozone Quality Growth Equity
Equity Fund Fund
Credit Suisse (Lux) Global Balanced Convertible Credit Suisse Investment Partners (Lux) Global
Bond Fund Balanced Convertible Bond Fund
V. Notice is also hereby given to the shareholders of Credit Suisse (Lux) Small & Mid Cap Europe Equity
Fund (for the purpose of this section, the "Subfund"), that the Board of Directors has decided to
reposition the Subfund. In the context of the above-mentioned repositioning, the following changes
have been made to the special section of the Subfund.
21. Amendment to the Subfund's Name
As exposed in point III of this notice to the shareholders, the Board of Directors has decided to change the
name of the subfund as follows:
Old Subfund name New Subfund name
Credit Suisse (Lux) Small & Mid Cap Europe Equity Credit Suisse (Lux) European Entrepreneur Equity
Fund Fund
2. Amendment to the Investment Objective and to the Investment Principles of the
Subfund
Old Investment Objective New Investment Objective
The objective of the Subfund is to achieve the highest
possible return in Euros (Reference Currency), while
The objective of the Subfund is to achieve the highest
taking due account of the principle of risk diversification,
possible return in Euros (Reference Currency), while
the security of the capital invested, and the liquidity of the
taking due account of the principle of risk diversification,
assets. This Subfund aims to outperform the return of the
the security of the capital invested, and the liquidity of the
MSCI Europe Small Cap (NR)EMU (NR) benchmark. The
assets. This Subfund aims to outperform the return of the
Subfund is actively managed. The benchmark is used as a
MSCI Europe Small Cap (NR) benchmark. The Subfund is
reference point for portfolio construction and as a basis
actively managed. The benchmark is used as a reference
for setting risk constraints, and/or for Performance
point for portfolio construction. The majority of the
Fee measurement purposes. The majority of the
Subfund's equity securities will be components of, and
Subfund’s equity securities will not necessarily be
have weightings derived from, the benchmark. The
components of andor have weightings derived from the
Investment Manager will use its discretion to overweight
benchmark. The Investment Manager will use its
or underweight certain components of the benchmark and
discretion to significantly deviate the weighting of
may invest in companies or sectors not included in the
certain components of the benchmark and to
benchmark in order to take advantage of specific
significantly overweight or underweight certain
investment opportunities. It is thus expected that the
components of the benchmark and may invest in
performance of the Subfund will significantly deviate from
companies or sectors not included in the benchmark in
the benchmark.
order to take advantage of specific investment
opportunities. It is thus expected that the performance of
the Subfund will significantly deviate from the benchmark.
Old Investment Principles New Investment Principles
At least two-thirds of the Subfund’s net assets are At least two-thirds of the Subfund’s net assets are
invested in equities and other equity-type securities and invested in equities and other equity-type securities and
rights (American depository receipts [ADRs], global rights (American depository receipts [ADRs], global
depository receipts, profit-sharing certificates, depository receipts, profit-sharing certificates, participation
participation certificates, dividend rights certificates, etc.) certificates, dividend rights certificates, etc.) issued by
of small and medium-sized European companies. The companies which are directly or indirectly owned,
European region includes all EU and EFTA countries as controlled and/or managed by entrepreneurs
well as the United Kingdom. and/or families who are represented in the
Small and medium-sized companies are defined as all shareholders’ capital with at least 10% of voting
companies which are not contained in the EURO STOXX rights of small and medium sized European . and The
50 Index. have their registered office or carry out the majority
For hedging purposes, and in the interest of the efficient of their economic activity in countries of the
management of the portfolio as well as for the European Monetary Union. The European region
implementation of the investment strategy the includes all EU and EFTA countries as well as the United
aforementioned investments may also be effected by way Kingdom.
of derivatives, provided the limits set out in Chapter 6, Small and medium-sized companies are defined as all
"Investment Restrictions" are observed. Derivatives may companies which are not contained in the EURO STOXX
be linked to security baskets or indices and shall be 50 Index. For hedging purposes, and in the interest of the
chosen in accordance with Art. 9 of the Grand-Ducal efficient management of the portfolio as well as for the
Decree of February 8, 2008. implementation of the investment strategy the
The Subfund may invest up to one third of its net assets aforementioned investments may also be effected by way
in equities and equity-type securities of companies not of derivatives, provided the limits set out in Chapter 6,
fulfilling the above requirements, cash, sight and time “Investment Restrictions” are observed. Derivatives may
deposits, money market instruments, fixed income be linked to security baskets or indices and shall be
securities, which may include, but not limited to, bonds, chosen in accordance with Art. 9 of the Grand-Ducal
notes, and similar fixed and variable interest rate Decree of February 8, 2008.
securities, discounted securities issued by public, private The Subfund may invest up to one third of its net assets in
and semi-private issuers worldwide (including emerging equities and equity-type securities of companies not
markets). fulfilling the above requirements, cash, sight and time
The Subfund may – subject to the investment principles deposits, money market instruments, fixed income
set out above – invest up to 10% of its net assets in securities, which may include, but not limited to, bonds,
structured products (certificates, notes) on equities, notes, and similar fixed and variable interest rate
equity-type securities, equity baskets and equity indices securities, discounted securities issued by public, private
3that are sufficiently liquid and are issued by first-class and semi-private issuers worldwide (including emerging
banks (or by issuers that offer investor protection markets).
comparable to that provided by first-class banks). These The Subfund may – subject to the investment principles
structured products must qualify as securities pursuant to set out above – invest up to 10% of its net assets in
Art. 41 of the Law of December 17, 2010. Moreover, structured products (certificates, notes) on equities,
these structured products must be valued regularly and equity-type securities, equity baskets and equity indices
transparently on the basis of independent sources. that are sufficiently liquid and are issued by first-class
Structured products must not entail any leverage effect. banks (or by issuers that offer investor protection
As well as satisfying the regulations on risk spreading, the comparable to that provided by first-class banks). These
equity baskets and equity indices must be sufficiently structured products must qualify as securities pursuant to
diversified. Art. 41 of the Law of December 17, 2010. Moreover,
Furthermore, to hedge currency risks and to gear its these structured products must be valued regularly and
assets to one or more other currencies, the Subfund may transparently on the basis of independent sources.
enter into forward foreign exchange and other currency Structured products must not entail any leverage effect.
derivatives in accordance with section 3 of Chapter 6, As well as satisfying the regulations on risk spreading, the
“Investment Restrictions”. equity baskets and equity indices must be sufficiently
The Subfund will invest more than 50% of the value of its diversified.
total assets in Qualifying Equity Instruments. Furthermore, to hedge currency risks and to gear its
As further set out in Chapter 4 “Investment Policy”, the assets to one or more other currencies, the Subfund may
Investment Manager gives consideration to sustainability enter into forward foreign exchange and other currency
in its investment approach by taking into account ESG derivatives in accordance with section 3 of Chapter 6,
factors and the related sustainability risks in the “Investment Restrictions”.
investment decision making process, in addition to Risk The Subfund will invest more than 50% of the value of its
and Return considerations. total assets in Qualifying Equity Instruments.
As further set out in Chapter 4 “Investment Policy”, the
Investment Manager gives consideration to sustainability in
its investment approach by taking into account ESG
factors and the related sustainability risks in the
investment decision making process, in addition to Risk
and Return considerations.
3. Amendment of the Investor Profile
Old investor profile New investor profile
The Subfund is suitable for investors with high risk The Subfund is suitable for investors with high risk
tolerance and a long-term view who wish to invest in a tolerance and a long-term view who wish to invest in a
broadly diversified portfolio of companies. broadly diversified portfolio of European family and/or
entrepreneur dominated companies small and mid
cap European companies.
4. Inclusion of a Performance Fee
A. Performance fee
The Board of Directors has decided to introduce new Performance Fee share classes for the Subfund and
has therefore introduced in the special section of the Subfund the following wording:
The Management Company is entitled to a Performance Fee for the Subfund, which is calculated
on the basis of the unswung net asset value before performance fee accrual for the relevant
Valuation Day of the Share Class concerned.
The Performance Fee shall be payable for each reference period (“Reference Period”). Unless
otherwise agreed between the parties, the initial Reference Period will start with the launch of the
Subfund or the relevant Share Class, as the case may be, and ends on November, 30th of each
year.
The calculation of the Performance Fee and the necessary provisioning take place with every Net
Asset Value calculation. The accrued Performance Fee shall be payable annually in arrears within
one month after the end of the respective Reference Period, and, if Shares are redeemed during
the Reference Period, the amount of Performance Fee included in the Net Asset Value per Share
will be due and owed (i.e. crystallize) for these redeemed Shares at the time of redemption, in the
case where the performance of the unswung net asset value per Share Class over the Reference
Period exceeds the performance of the benchmark relevant to the Subfund / Share Class in
question over the same Reference Period.
The performance fee calculation, together with the necessary provisioning, takes place with every
Net Asset Value calculation, however the Performance Fee is only crystallized at the end at the
end of the Reference Period and if Shares are redeemed during the Reference Period. In the
4event that this amount is negative, the negative amount shall be carried to the next Reference
Period (relative high water mark methodology).
If, on the Calculation Date, the performance of the unswung net asset value of a Share Class is
above the benchmark performance, a Performance Fee of 15% for all Share Classes (see Chapter
2, “Summary of Share Classes”) shall be deducted on the difference between the performance of
the unswung net asset value of the relevant Share Class and the performance of the benchmark
value (i.e. relative value) over the same Reference Period. The Performance Fee is calculated on
the basis of the Shares of the relevant Share Class that are currently in circulation.
For the avoidance of doubt, the Performance Fee shall be paid from the Subfund on the payment
date also in the event of negative absolute performance by the Subfund, provided that the Subfund
has exceeded the benchmark since the previous performance fee payment date.
The benchmark of the Subfund is the MSCI EMU (NR), which is provided by MSCI Limited, an
authorised benchmark administrator included in the register of administrators and benchmarks
established and maintained by the ESMA pursuant to article 36 of the Benchmark Regulation.
The benchmark will be used for the EUR share classes as reference to calculate the
outperformance. For the hedged share classes, the respective hedged version of the benchmark
in the relevant currency shall be used for calculation of the outperformance.
If no Performance Fee is due during a period of three years the relative high watermark will be
reset on that day at the next NAV calculation to the unswung NAV at the end of the three year-
period (“carry forward conditions”).
A Performance Fee is payable when the following conditions apply:
(NAV per Share) t – (HR Index Value) t > 0
If this condition is met, then the following applies:
0.15 ([NAV t – (HR Index Value) t] × number of Shares t)
where:
NAV t = current unswung Net Asset Value prior to provision for Performance Fee
HR = Hurdle Rate
t = current Calculation Date
HR Index Value = benchmark value
B. Change of name and fee structure of some share classes of the Subfund
The Board of Directors has also decided to change the name and the fee structure of the following share
classes (for the purpose of this item B., the "Share Classes") of the Subfund, as detailed in the table
below. As a consequence of those name changes, the new Shares Classes will be subject to a performance
fee calculated as detailed under item III. 4. A. above.
Old share classes names New share classes names
DB EUR ISIN LU2066958112 DBP EUR ISIN LU2066958112
EB EUR ISIN LU2066957908 EBP EUR ISIN LU2066957908
IB EUR ISIN LU2066958203 IBP EUR ISIN LU2066958203
UB EUR ISIN LU2066958039 UBP EUR ISIN LU2066958039
In addition, the Board of Directors has also decided, with respect to the Share Classes EB EUR and IB
EUR mentioned above, to decrease their maximum management fees per annum from the previously
applicable 0.90% p.a. to a new percentage of 0.70% p.a., and with respect to the Share Class UB EUR
to decrease its maximum management fees per annum from the previously applicable 1.50% p.a. to a new
percentage of 1.20% p.a..
VI. Notice is also hereby given to the shareholders of Credit Suisse (Lux) Eurozone Active Opportunities
Equity Fund (to be renamed Credit Suisse (Lux) Eurozone Quality Growth Equity Fund) (for the purpose of
this section, the "Subfund"), that the Board of Directors has decided to amend the list of subfunds for
which the investment manager shall consider certain environmental, social and governance ("ESG") factors
while making an investment decision by adding the Subfund which is also now being managed by taking
into account certain ESG factors in Chapter 4 "Investment Policy" of the prospectus of the Company (the
"Prospectus").
The Board of Directors also decided to amend the special section of the Subfund in Chapter 23 "Subfunds"
of the Prospectus in order to make a specific reference in the "Investment Principles" section stating that
the Subfund is being managed by taking into account certain ESG factors.
5Notice is also given to the shareholders of the Subfund that the Board of Directors decided to amend the
special section of the Subfund in Chapter 23 "Subfunds" of the Prospectus, and the "Investment Principles"
section to reflect the following change regarding the benchmark of the Subfund:
Old Benchmark of the Subfund New Benchmark of the Subfund
MSCI EMU (NR) MSCI EMU ESG Leaders (NR)
VII. Notice is also given to the shareholders of Credit Suisse (Lux) Global Balanced Convertible Bond Fund,
to be renamed Credit Suisse Investment Partners (Lux) Global Balanced Convertible Bond Fund (for the
purpose of this section, the "Subfund") that the Board of Directors has decided to amend the special
section of the Subfund, and especially the sections "Investment Objectives" to reflect that the name of the
benchmark has changed, following the closing of the strategic partnership transaction between Thomson
Reuters and private equity firm Blackstone Group, as follows:
Old name of the Benchmark of the Subfund New name of the Benchmark of the Subfund
Thomson Reuters Global Convertible Bond Focus (TR) Refinitiv Thomson Reuters Global Convertible Bond Focus
(TR)
VIII. Notice is also given to the shareholders of Credit Suisse (Lux) Digital Health Equity Fund that the
Board of Directors has decided with respect to the Share Classes X1B USD, X1BH CHF and X1BH EUR
to decrease their maximum management fees per annum from the previously applicable 1.92% p.a. to a
new percentage of 0.90% p.a..
IX. Notice is also given to the shareholders of the following subfunds (for the purpose of this item, the
"Subfunds") that the Board of Directors has decided to amend Chapter 23 "Subfunds" of the Prospectus
in order to modify the wording in the "Investment Objective" section of the Subfunds to comply with the
ESMA Q&A on Benchmarks, as follows:
Credit Suisse (Lux) Asia Pacific Income Equity Fund
Old Benchmark wording New Benchmark wording
This Subfund aims to outperform the return of the MSCI This Subfund aims to outperform the return of the MSCI
AC Asia Pacific ex Japan (NR) (12/16) benchmark. The AC Asia Pacific ex Japan (NR) (12/16) benchmark. The
Subfund is actively managed. The benchmark is used as a Subfund is actively managed. The benchmark is used as a
reference point for portfolio construction. The majority of reference point for portfolio construction. The
the Subfund’s equity securities will be components of, benchmark has been selected because it is
and have weightings derived from, the benchmark. The representative of the investment universe of the
Investment Manager will use its discretion to overweight or Subfund and it is therefore an appropriate
underweight certain components of the benchmark and performance comparator. The majority of the
may invest in companies or sectors not included in the Subfund’s equity securities willmay not necessarily be
benchmark in order to take advantage of specific components of, andor have weightings derived from the
investment opportunities. It is thus expected that the benchmark. The Investment Manager will use its
performance of the Subfund will materially deviate from discretion to materially deviate the weighting of
the benchmark. certain components of the Benchmark and to invest
to a large extent in overweight or underweight certain
components of the benchmark and may invest in
companies or sectors not included in the benchmark in
order to take advantage of specific investment
opportunities. It is thus expected that the performance of
the Subfund will materially deviate from the benchmark.
Credit Suisse (Lux) CommodityAllocation Fund
Old Benchmark wording New Benchmark wording
This Subfund aims to outperform the return of the This Subfund aims to outperform the return of the
Bloomberg Commodity Index (TR) benchmark. The Bloomberg Commodity Index (TR) benchmark. The
Subfund is actively managed. The benchmark is used as a Subfund is actively managed. The benchmark is used as a
reference point for portfolio construction. The majority of reference point for portfolio construction. The majority of
the Subfund’s exposures will refer to, and have the Subfund’s exposures will not necessarily refer to or,
weightings derived from, the benchmark. The Investment and have weightings derived from, the benchmark. The
Manager will use its discretion to overweight or Investment Manager will use its discretion to significantly
underweight certain components of the Benchmark and deviate the weighting of certain components of the
6may invest in sectors not included in the benchmark in benchmark and to significantlyto overweight or
order to take advantage of specific investment underweight certain components of the Benchmark and
opportunities. It is thus expected that the performance of may invest in sectors not included in the benchmark in
the Subfund will significantly deviate from the benchmark. order to take advantage of specific investment
opportunities. It is thus expected that the performance of
the Subfund will significantly deviate from the benchmark.
Credit Suisse (Lux) Copernicus Italy Equity Fund
Old Benchmark wording New Benchmark wording
This Subfund aims to outperform the return of the MSCI This Subfund aims to outperform the return of the MSCI
Italy 10/40 (NR) benchmark. The Subfund is actively Italy 10/40 (NR) benchmark. The Subfund is actively
managed. The benchmark is used as a reference point for managed. The benchmark is used as a reference point for
portfolio construction and as a basis for setting risk
portfolio construction and as a basis for setting risk
constraints and/or for Performance Fee
constraints. The majority of the Subfund’s equity
measurement purposes. The majority of the Subfund’s
securities will be components of, and have similar equity securities will be components of or and have similar
weightings to the benchmark. The Investment Manager weightings derived from to the benchmark. The
will use its discretion to overweight or underweight certain Investment Manager will to some extent use its
components of the benchmark and may invest in discretion to overweight or underweight certain
companies or sectors not included in the benchmark in components of the benchmark and to a lesser extent
order to take advantage of specific investment may invest in companies or sectors not included in the
opportunities. It is thus expected that the performance of benchmark in order to take advantage of specific
the Subfund will to a limited extent deviate from the investment opportunities. It is thus expected that the
performance of the Subfund willmay to a limited extent
benchmark.
deviate from the benchmark.
Credit Suisse (Lux) Digital Health Equity Fund
Old Benchmark wording New Benchmark wording
This Subfund aims to outperform the return of the MSCI This Subfund aims to outperform the return of the MSCI
World ESG Leaders (NR) benchmark. The Subfund is World ESG Leaders (NR) benchmark. The Subfund is
actively managed. The benchmark is used as a reference actively managed. The benchmark is used as a reference
point for portfolio construction and as a basis for
point for portfolio construction. The majority of the
setting risk constraints, and/or for Performance Fee
Subfund’s equity securities will be components of and
measurement purposes. The majority of the Subfund’s
have weightings derived from the benchmark. The equity securities will not necessarily be components of
Investment Manager will use its discretion to overweight or and or have weightings derived from the benchmark. The
underweight certain components of the benchmark and Investment Manager will use its discretion to significantly
may invest in companies or sectors not included in the deviate the weighting of certain components of the
benchmark in order to take advantage of specific benchmark and to significantly overweight or
investment opportunities. It is thus expected that the underweight certain components of the benchmark and
performance of the Subfund will significantly deviate from may invest in companies or sectors not included in the
the benchmark. benchmark in order to take advantage of specific
investment opportunities. It is thus expected that the
performance of the Subfund will significantly deviate from
the benchmark.
Credit Suisse (Lux) Edutainment Equity Fund
Old Benchmark wording New Benchmark wording
This Subfund aims to outperform the return of the MSCI This Subfund aims to outperform the return of the MSCI
World ESG Leaders (NR) benchmark. The Subfund is World ESG Leaders (NR) benchmark. The Subfund is
actively managed. The benchmark is used as a reference actively managed. The benchmark is used as a reference
point for portfolio construction. The majority of the point for portfolio construction and as a basis for
Subfund’s equity securities will be components of and setting risk constraints, and/or for Performance Fee
have weightings derived from the benchmark. The measurement purposes. The majority of the Subfund’s
Investment Manager will use its discretion to overweight or equity securities will not necessarily be components of
underweight certain components of the benchmark and andor have weightings derived from the benchmark. The
may invest in companies or sectors not included in the Investment Manager will use its discretion to significantly
benchmark in order to take advantage of specific deviate the weighting of certain components of the
investment opportunities. It is thus expected that the Benchmark and to significantly overweight or
performance of the Subfund will significantly deviate from underweight certain components of the benchmark and
the benchmark. may invest in companies or sectors not included in the
benchmark in order to take advantage of specific
investment opportunities. It is thus expected that the
7performance of the Subfund will significantly deviate from
the benchmark.
Credit Suisse (Lux) Environmental Impact Equity Fund
Old Benchmark wording New Benchmark wording
This Subfund aims to outperform the return of the MSCI This Subfund aims to outperform the return of the MSCI
World ESG Leaders (NR) benchmark. The Subfund is World ESG Leaders (NR) benchmark. The Subfund is
actively managed. The benchmark is used as a reference actively managed. The benchmark is used as a reference
point for portfolio construction and as a basis for
point for portfolio construction. The majority of the
setting risk constraints, and/or for Performance Fee
Subfund’s equity securities will be components of and
measurement purposes. The majority of the Subfund’s
have weightings derived from the benchmark. The equity securities will not necessarily be components of
Investment Manager will use its discretion to overweight or andor have weightings derived from the benchmark. The
underweight certain components of the benchmark and Investment Manager will use its discretion to significantly
may invest in companies or sectors not included in the deviate the weighting of certain components of the
benchmark in order to take advantage of specific Benchmark and to significantly overweight or
investment opportunities. It is thus expected that the underweight certain components of the benchmark and
performance of the Subfund will significantly deviate from may invest in companies or sectors not included in the
the benchmark. benchmark in order to take advantage of specific
investment opportunities. It is thus expected that the
performance of the Subfund will significantly deviate from
the benchmark.
Credit Suisse (Lux) European Dividend Plus Equity Fund
Old Benchmark wording New Benchmark wording
This Subfund aims to outperform the return of the MSCI This Subfund aims to outperform the return of the MSCI
Europe (NR) in EUR benchmark. The Subfund is actively Europe (NR) in EUR benchmark. The Subfund is actively
managed. The benchmark is used as a reference point for managed. The benchmark is used as a reference point for
portfolio construction. The benchmark has been
portfolio construction. The majority of the Subfund’s
selected because it is representative of the
equity securities will be components of, and have
investment universe of the Subfund and it is
weightings derived from, the benchmark. The Investment therefore an appropriate performance comparator.
Manager will use its discretion to overweight or The majority of the Subfund’s equity securities will not
underweight certain components of the benchmark and necessarily be components of, andor have weightings
may invest in companies or sectors not included in the derived from the benchmark. The Investment Manager will
benchmark in order to take advantage of specific use its discretion to significantly deviate the weighting
investment opportunities. It is thus expected that the of certain components of the benchmark and to
performance of the Subfund will significantly deviate from significantly overweight or underweight certain
the benchmark. components of the benchmark and may invest in
companies or sectors not included in the benchmark in
order to take advantage of specific investment
opportunities. It is thus expected that the performance of
the Subfund will significantly deviate from the benchmark.
Credit Suisse (Lux) Eurozone Active Opportunities Equity Fund (to be renamed Credit Suisse
(Lux) Eurozone Quality Growth Equity Fund)
Old Benchmark wording New Benchmark wording
This Subfund aims to outperform the return of the MSCI This Subfund aims to outperform the return of the MSCI
EMU (NR) benchmark. The Subfund is actively managed. EMU ESG Leaders (NR)MSCI EMU (NR) benchmark.
The benchmark is used as a reference point for portfolio The Subfund is actively managed. The benchmark has
construction. The majority of the Subfund’s equity been selected because it is representative of the
investment universe of the Subfund and it is
securities will be components of, and have weightings
therefore an appropriate performance
derived from, the benchmark. The Investment Manager comparator.The benchmark is used as a reference point
will use its discretion to overweight or underweight certain for portfolio construction. The majority of the Subfund’s
components of the benchmark and may invest in equity securities willmay not necessarily be components
companies or sectors not included in the benchmark in of, and or have weightings derived from, the benchmark.
order to take advantage of specific investment The Investment Manager will use its discretion to
opportunities. It is thus expected that the performance of materially deviate the weighting of certain
the Subfund will materially deviate from the benchmark. components of the benchmark and to invest to a
large extent in to overweight or underweight certain
components of the benchmark and may invest in
companies or sectors not included in the benchmark in
order to take advantage of specific investment
8opportunities. It is thus expected that the performance of
the Subfund will materially deviate from the benchmark.
Credit Suisse (Lux) Global Balanced Convertible Bond Fund (to be renamed into Credit Suisse
Investment Partners (Lux) Global Balanced Convertible Bond Fund)
Old Benchmark wording New Benchmark wording
This Subfund aims to outperform the return of the This Subfund aims to outperform the return of the
Thomson Reuters Global Convertible Bond Focus (TR) Thomson Reuters Refinitiv Global Convertible Bond
benchmark. The Subfund is actively managed. The Focus (TR) benchmark. The Subfund is actively managed.
The benchmark is used as a reference point for portfolio
benchmark is used as a reference point for portfolio
construction. The Benchmark has been selected
construction. The majority of the Subfund’s exposure to
because it is representative of the investment
bonds will refer to, and have weightings derived from, the universe of the Subfund and it is therefore an
benchmark. The Investment Manager will use its appropriate performance comparator. The majority of
discretion to overweight or underweight certain the Subfund’s exposure to bonds will not necessarily be
components of the benchmark and may invest in bonds components ofrefer to, andor have weightings derived
not included in the benchmark in order to take advantage from the benchmark. The Investment Manager will use its
of specific investment opportunities. It is thus expected discretion to materially deviate the weighting of
that the performance of the Subfund will materially deviate certain components of the benchmark and to invest
from the benchmark. to a large extent in overweight or underweight certain
components of the benchmark and may invest in bonds
not included in the benchmark in order to take advantage
of specific investment opportunities. It is thus expected
that the performance of the Subfund will materially deviate
from the benchmark.
Credit Suisse (Lux) Global Dividend Plus Equity Fund
Old Benchmark wording New Benchmark wording
This Subfund aims to outperform the return of the MSCI This Subfund aims to outperform the return of the MSCI
World (NR) benchmark. The Subfund is actively managed. World (NR) benchmark. The Subfund is actively managed.
The benchmark is used as a reference point for portfolio The benchmark is used as a reference point for portfolio
construction. The benchmark has been selected
construction. The majority of the Subfund’s equity
because it is representative of the investment
securities will be components of, and have weightings
universe of the Subfund and it is therefore an
derived from, the benchmark. The Investment Manager appropriate performance comparator. The majority of
will use its discretion to overweight or underweight certain the Subfund’s equity securities will not necessarily be
components of the benchmark and may invest in components of andor have weightings derived from the
companies or sectors not included in the benchmark in benchmark. The Investment Manager will use its
order to take advantage of specific investment discretion to significantly deviate the weighting of
opportunities. It is thus expected that the performance of certain components of the benchmark and to
the Subfund will significantly deviate from the benchmark. significantly overweight or underweight certain
components of the benchmark and may invest in
companies or sectors not included in the benchmark in
order to take advantage of specific investment
opportunities. It is thus expected that the performance of
the Subfund will significantly deviate from the benchmark
Credit Suisse (Lux) Global Value Equity Fund
Old Benchmark wording New Benchmark wording
This Subfund aims to outperform the return of the MSCI This Subfund aims to outperform the return of the MSCI
World (NR) benchmark. The Subfund is actively managed. World (NR) benchmark. The Subfund is actively managed.
The benchmark is used as a reference point for portfolio The benchmark is used as a reference point for portfolio
construction. The majority of the Subfund’s equity construction. The benchmark has been selected
securities will be components of, and have weightings because it is representative of the investment
derived from, the benchmark. The Investment Manager universe of the Subfund and it is therefore an
will use its discretion to overweight or underweight certain appropriate performance comparator. The majority of
components of the benchmark and may invest in the Subfund’s equity securities will not necessarily be
companies or sectors not included in the benchmark in components of andor have weightings derived from the
order to take advantage of specific investment benchmark. The Investment Manager will use its
opportunities. It is thus expected that the performance of discretion to significantly deviate the weighting of
the Subfund will significantly deviate from the benchmark. certain components of the benchmark and to
significantly overweight or underweight certain
components of the benchmark and may invest in
9companies or sectors not included in the benchmark in
order to take advantage of specific investment
opportunities. It is thus expected that the performance of
the Subfund will significantly deviate from the benchmark.
Credit Suisse (Lux) Infrastructure Equity Fund
Old Benchmark wording New Benchmark wording
This Subfund aims to outperform the return of the MSCI This Subfund aims to outperform the return of the MSCI
World (NR) benchmark. The Subfund is actively managed. World (NR) benchmark. The Subfund is actively managed.
The benchmark is used as a reference point for portfolio The benchmark is used as a reference point for portfolio
construction. The benchmark has been selected
construction. The majority of the Subfund’s equity
because it is representative of the investment
securities will be components of, and have weightings
universe of the Subfund and it is therefore an
derived from, the benchmark. The Investment Manager appropriate performance comparator. The majority of
will use its discretion to overweight or underweight certain the Subfund’s equity securities will not necessarily be
components of the benchmark and may invest in components of andor have weightings derived from the
companies or sectors not included in the benchmark in benchmark. The Investment Manager will use its
order to take advantage of specific investment discretion to significantly deviate the weighting of
opportunities. It is thus expected that the performance of certain components of the benchmark and to
the Subfund will significantly deviate from the benchmark. significantly overweight or underweight certain
components of the benchmark and may invest in
companies or sectors not included in the benchmark in
order to take advantage of specific investment
opportunities. It is thus expected that the performance of
the Subfund will significantly deviate from the benchmark.
Credit Suisse (Lux) Japan Value Equity Fund
Old Benchmark wording New Benchmark wording
This Subfund aims to outperform the return of the MSCI This Subfund aims to outperform the return of the MSCI
Japan (NR) benchmark. The Subfund is actively Japan (NR) benchmark. The Subfund is actively
managed. The benchmark is used as a reference point for managed. The benchmark is used as a reference point for
portfolio construction. The benchmark has been
portfolio construction. The majority of the Subfund’s
selected because it is representative of the
equity securities will be components of, and have
investment universe of the Subfund and it is
weightings derived from, the benchmark. The Investment therefore an appropriate performance comparator.
Manager will use its discretion to overweight or The majority of the Subfund’s equity securities will not
underweight certain components of the benchmark and necessarily be components of andor have weightings
may invest in companies or sectors not included in the derived from the benchmark. The Investment Manager will
benchmark in order to take advantage of specific use its discretion to significantly deviate the weighting
investment opportunities. It is thus expected that the of certain components of the benchmark and to
performance of the Subfund will significantly deviate from significantly overweight or underweight certain
the benchmark. components of the benchmark and may invest in
companies or sectors not included in the benchmark in
order to take advantage of specific investment
opportunities. It is thus expected that the performance of
the Subfund will significantly deviate from the benchmark.
Credit Suisse (Lux) Robotics Equity Fund
Old Benchmark wording New Benchmark wording
This Subfund aims to outperform the return of the MSCI This Subfund aims to outperform the return of the MSCI
World ESG Leaders (NR) benchmark. The Subfund is World ESG Leaders (NR) benchmark. The Subfund is
actively managed. The benchmark is used as a reference actively managed. The benchmark is used as a reference
point for portfolio construction and as a basis for
point for portfolio construction. The majority of the
setting risk constraints, and/or for Performance Fee
Subfund’s equity securities will be components of, and
measurement purposes. The majority of the Subfund’s
have weightings derived from, the benchmark. The equity securities will not necessarily be components of
Investment Manager will use its discretion to overweight or andor have weightings derived from the benchmark. The
underweight certain components of the benchmark and Investment Manager will use its discretion to significantly
may invest in companies or sectors not included in the deviate the weighting of certain components of the
benchmark in order to take advantage of specific benchmark and to significantly overweight or
investment opportunities. It is thus expected that the underweight certain components of the benchmark and
performance of the Subfund will significantly deviate from may invest in companies or sectors not included in the
the benchmark. benchmark in order to take advantage of specific
investment opportunities. It is thus expected that the
10performance of the Subfund will significantly deviate from
the benchmark.
Credit Suisse (Lux) Security Equity Fund
Old Benchmark wording New Benchmark wording
This Subfund aims to outperform the return of the MSCI This Subfund aims to outperform the return of the MSCI
World ESG Leaders (NR) benchmark. The Subfund is World ESG Leaders (NR) benchmark. The Subfund is
actively managed. The benchmark is used as a reference actively managed. The benchmark is used as a reference
point for portfolio construction and as a basis for
point for portfolio construction. The majority of the
setting risk constraints, and/or for Performance Fee
Subfund’s equity securities will be components of, and
measurement purposes.. The majority of the Subfund’s
have weightings derived from, the benchmark. The equity securities will not necessarily be components of
Investment Manager will use its discretion to overweight or andor have weightings derived from the benchmark. The
underweight certain components of the benchmark and Investment Manager will use its discretion to significantly
may invest in companies or sectors not included in the deviate the weighting of certain components of the
benchmark in order to take advantage of specific Benchmark and to significantly overweight or
investment opportunities. It is thus expected that the underweight certain components of the benchmark and
performance of the Subfund will significantly deviate from may invest in companies or sectors not included in the
the benchmark. benchmark in order to take advantage of specific
investment opportunities. It is thus expected that the
performance of the Subfund will significantly deviate from
the benchmark.
Credit Suisse (Lux) Small and Mid Cap Germany Equity Fund
Old Benchmark wording New Benchmark wording
This Subfund aims to outperform the return of the MDAX This Subfund aims to outperform the return of the MDAX
(NR) Index. The Subfund is actively managed. The (NR) Index. The Subfund is actively managed. The
Benchmark is used as a reference point for portfolio benchmark is used as a reference point for portfolio
construction and as a basis for setting risk constraints. construction and as a basis for setting risk constraints,
The majority of the Subfund’s equity securities will be and/or for Performance Fee measurement
components of and have similar weightings to the purposes. The majority of the Subfund’s equity securities
benchmark. The Investment Manager will use its will be components of andor have similar weightings to
discretion to overweight or underweight certain derived from the benchmark. The Investment Manager
components of the benchmark and may invest in will to some extent use its discretion to overweight or
companies or sectors not included in the benchmark in underweight certain components of the benchmark and
order to take advantage of specific investment may to a lesser extent invest in companies or sectors
opportunities. It is thus expected that the performance of not included in the benchmark in order to take advantage
the Subfund will to a limited extent deviate from the of specific investment opportunities. It is thus expected
benchmark. that the performance of the Subfund willmay to a limited
extent deviate from the benchmark.
Credit Suisse (Lux) Small Cap Switzerland Equity Fund
Old Benchmark wording New Benchmark wording
This Subfund aims to outperform the return of the ZKB This Subfund aims to outperform the return of the ZKB
Swiss Small Cap Index benchmark. The Subfund is Swiss Small Cap Index benchmark. The Subfund is
actively managed. The Benchmark is used as a reference actively managed. The Benchmark is used as a reference
point for portfolio construction and as a basis for setting point for portfolio construction and as a basis for setting
risk constraints. The majority of the Subfund’s equity risk constraints, and/or for Performance Fee
securities will be components of and have similar measurement purposes. The majority of the Subfund’s
weightings to the benchmark. The Investment Manager equity securities will be components of andor have similar
will use its discretion to overweight or underweight certain weightings to derived from the benchmark. The
components of the benchmark and may invest in Investment Manager will to some extent use its
companies or sectors not included in the benchmark in discretion to overweight or underweight certain
order to take advantage of specific investment components of the benchmark and may to a lesser
opportunities. It is thus expected that the performance of extent invest in companies or sectors not included in the
the Subfund will to a limited extent deviate from the benchmark in order to take advantage of specific
benchmark. investment opportunities. It is thus expected that the
performance of the Subfund willmay to a limited extent
deviate from the benchmark.
11X. Further, notice is hereby given to the shareholders of Credit Suisse (Lux) European Dividend Plus Equity
Fund (for the purpose of this section, the "Subfund") that the Board of Directors has decided to amend
the special section of the Subfund, and especially the sections "Investment Principles" to state that, due to
the imminent exit of the United Kingdom from the European Union ("Brexit") the Subfund is no longer
eligible for the French personal equity plan ("plan d'épargne en actions" or "PEA").
XI. Notice is finally hereby given to the shareholders of Credit Suisse (Lux) Global Property Total Return
Equity Fund (for the purposes of this section, the "Subfund"), more specifically of the share classes BH
and DAPH, that the Board of Directors has decided that all hedged classes in the Subfund will be portfolio
hedged. For this purpose, the naming convention of the Share Classes is being amended by replacing the
“PH” for portfolio hedged with only “H” for hedged in all classes. Furthermore, Chapter 5, Investment in
CS Investment Funds 2”, section i. “General Information on the Shares” of the Prospectus, as well as the
special section of the Subfund of Chapter 23 of the Prospectus have been amended to reflect this
change.
Shareholders who do not agree with the changes listed above may redeem their shares free of charge until
13 January 2021, before the relevant cut-off time. These changes enter into effect on 14 January 2021.
Shareholders should note that, once the above changes enter into effect, the new prospectus of the
Company, the Key Investor Information Document (KIID), the latest annual and semi-annual reports as well
as the articles of incorporation may be obtained at the registered office of the Company in accordance with
the provisions of the prospectus.
These documents are also available on credit-suisse.com.
Luxembourg, 11 December 2020
The Board of Directors
12Luxemburg, 11. Dezember 2020
Information an die Aktionäre
CS Investment Funds 2
Investmentgesellschaft luxemburgischen Rechts mit variablem Kapital
5, rue Jean Monnet,
L-2180 Luxemburg
Handels- und Gesellschaftsregister Luxemburg B 124019
(die «Gesellschaft»)
I. Die Aktionäre der Gesellschaft werden hiermit darüber in Kenntnis gesetzt, dass der Verwaltungsrat der
Gesellschaft (der «Verwaltungsrat») beschlossen hat, Kapitel 2 «CS Investment Funds 2 –
Zusammenfassung der Aktienklassen» und dabei vor allem die Fussnoten (5) und (13) in Bezug auf die
Definition von Aktien der Klasse D wie folgt zu ändern:
Alter Wortlaut Neuer Wortlaut
Fussnote (5) Aktien der Klassen ‹DA›, ‹DAH›, ‹DAPH›, Aktien der Klassen DA, DAP, DAH, DAPH, DB,
‹DB›, ‹DBH› und ‹DBPH› unterliegen einer DBH und, DBHP und DBPH unterliegen
Verwaltungsdienstleistungsgebühr in Höhe keiner Verwaltungsgebühr, sondern
von mindestens 0,03% p.a., jedoch lediglich einer
höchstens 0,25% p.a., die von der Verwaltungsdienstleistungsgebühr in Höhe von
Gesellschaft an die Verwaltungsgesellschaft mindestens 0,0% p.a., jedoch höchstens
zu entrichten ist; diese 0,25%0,35% p.a., die von der Gesellschaft an
Verwaltungsdienstleistungsgebühr deckt alle die Verwaltungsgesellschaft zu entrichten ist;
in Kapitel 9 «Aufwendungen und Steuern» diese Verwaltungsdienstleistungsgebühr deckt
beschriebenen Gebühren und Aufwendungen alle in Kapitel 9 «Aufwendungen und Steuern»
ab, wobei jedoch die durch die beschriebenen Gebühren und Aufwendungen
Korrespondenzbanken der Depotbank ab., wobei jedoch die durch die
erhobenen Transaktionsgebühren und Korrespondenzbanken der Depotbank
Gebühren in gewissen Fällen zusätzlich in erhobenen Transaktionsgebühren und
Rechnung gestellt werden können. Gebühren in gewissen Fällen zusätzlich in
Zusätzliche Gebühren werden dem Anleger Rechnung gestellt werden können. Zusätzliche
gemäss den Bedingungen des von dem Gebühren werden dem Anleger gemäss den
Anleger mit einer betreffenden Einheit der Bedingungen des von dem Anleger mit einer
Credit Suisse Group AG geschlossenen betreffenden Einheit der Credit Suisse Group
separaten Vertrags in Rechnung gestellt. AG geschlossenen separaten Vertrags in
Rechnung gestellt.
Fussnote (13) Aktien der Klassen ‹DAP›, ‹DAHP›, ‹DBP› Aktien der Klassen ‹DAP›, ‹DAHP›, ‹DBP› und
und ‹DBHP› unterliegen einer ‹DBHP› unterliegen keiner
Verwaltungsdienstleistungsgebühr in Höhe Verwaltungsgebühr, sondern lediglich einer
von mindestens 0,03% p.a., jedoch Verwaltungsdienstleistungsgebühr in Höhe von
höchstens 0,25% p.a., die von der mindestens 0,0% p.a., jedoch höchstens
Gesellschaft an die Verwaltungsgesellschaft 0,25%0,35% p.a., die von der Gesellschaft an
zu entrichten ist; diese die Verwaltungsgesellschaft zu entrichten ist;
Verwaltungsdienstleistungsgebühr deckt alle diese Verwaltungsdienstleistungsgebühr deckt
in Kapitel 9 «Aufwendungen und Steuern» alle in Kapitel 9 «Aufwendungen und Steuern»
beschriebenen Gebühren und Aufwendungen beschriebenen Gebühren und Aufwendungen
ab. Zudem wird eine Performance Fee ab. Zudem wird eine Performance Fee erhoben,
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