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        T R O U B L E D   C O M P A N Y   R E P O R T E R

                           E U R O P E

            Monday, November 23, 2015, Vol. 16, No. 231

                            Headlines

B E L A R U S

BELARUS RE: Fitch Affirms 'B-' IFS Rating; Outlook Stable
BELGOSSTRAKH: Fitch Affirms 'B-' IFS Rating, Outlook Stable


F R A N C E

CGG SA: Moody's Assigns (P)B1 Rating to $270MM Secured Term Loan


G E R M A N Y

TRW AUTOMOTIVE: Moody's Cuts Rating on Sr. Unsecured Notes to Ba2


G R E E C E

GREECE: Parliament OKs Additional Reforms to Unlock Bailout


I R E L A N D

ALLIED IRISH: Raises EUR750MM via Bond Issue to Repay Bailout


L U X E M B O U R G

GLOBAL BLUE: Moody's Puts Ba3 CFR on Review for Downgrade


N E T H E R L A N D S

EUROCREDIT CDO IV: S&P Raises Ratings on 2 Note Classes to B-
HIGHLANDER EURO III: S&P Raises Rating on Class E Notes to BB+
UCL RAIL: Fitch Affirms 'BB+' IDR, Outlook Negative


R U S S I A

ACRON JSC: Moody's Assigns Ba3 Ratings to Domestic Bond Issues
ADEKTA-PENSION: Bank of Russia Ends Provisional Administration
ECONOMSTRAKHOVANIE LLC: Bank of Russia Suspends Insurance License
SBEREGATELNY JSC: Bank of Russia Ends Provisional Administration
SUNNY BEACH: Bank of Russia Ends Provisional Administration

ZASHCHITA BUDUSHCHEGO: Provisional Administration Terminated


S W I T Z E R L A N D

GLOBAL BLUE: S&P Affirms 'BB-' CCR, Outlook Stable


U K R A I N E

UKRAINE: Deposit Fund Gets UAH3.6 Billion From Insolvent Banks
UKRAINE: PM Balks at Russia's Debt Restructuring Proposal
UKRAINE: Moody's Hikes Issuer Rating to Caa3, Outlook Stable


U N I T E D   K I N G D O M

ABENGOA SA: Moody's Lowers Corporate Family Rating to 'B3'
ACISION BV: S&P Maintains 'B' CCR on CreditWatch Positive
BESTWAY UK: S&P Revises Outlook to Negative & Affirms 'B+' CCR
BRITISH AIRWAYS: Moody's Changes Outlook on Ba2 CFR to Positive
CO-OPERATIVE BANK: Fitch Affirms 'B' IDR, Outlook Stable

DECO 8 - UK: Fitch Lowers Rating on Class A2 Notes to 'CCsf'
EXIMGARANT OF BELARUS: Fitch Affirms 'B-' IFSR, Outlook Stable
LONMIN PLC: Shareholders Back Deeply Discounted Rights Issue
OIC RUN-OFF LIMITED: Seeks Joint Administration of Cases
OIC RUN-OFF LIMITED: Chapter 15 Case Summary

PRECISE MORTGAGE NO 1: Fitch Affirms 'BBsf' Rating on Cl. E Notes
UNIQUE PUB: Fitch Affirms 'B' Rating on Class M Notes


X X X X X X X X

* BOND PRICING: For the Week Nov. 16, 2015 to Nov. 20, 2015


                            *********



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B E L A R U S
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BELARUS RE: Fitch Affirms 'B-' IFS Rating; Outlook Stable
---------------------------------------------------------
Fitch Ratings has affirmed Belarusian National Reinsurance
Organization Insurer Financial Strength rating at 'B-'.  The
Outlook is Stable.

KEY RATING DRIVERS

The rating reflects Belarus Re's 100% state ownership, the
reinsurer's exclusive position in the local reinsurance sector
underpinned by legislation, and fairly strong underwriting
profitability.  The rating also takes into account the fairly low
quality of the reinsurer's investment portfolio and significant
amount of reinsured domestic surety risks.

The Belarusian state has established an exclusive position for
Belarus Re as the national monopoly reinsurer.  The aim is to
promote national reinsurance and raise the capacity of the local
insurance sector.  Although there is no formal support agreement
between the state and the company, the track record of state
support is evident through significant capital injections at
inception and in recent years.

Regulation obliges local primary insurers to cede risks exceeding
the permitted net retention of 20% of their equity.  These
obligatory cessions as well as any voluntary cessions of risks
below the threshold must be offered to Belarus Re first.  The
reinsurer has the right to reject both types of cessions and in
practice is often involved in the primary underwriting of large
risks.  Belarus Re's monopoly has been introduced gradually, with
its share in compulsory cessions growing to 100% in 2014 from 10%
in 2006.

Fitch assesses Belarus Re's risk-adjusted capital adequacy as
reasonable for the rating.  The insurer maintains an
exceptionally strong nominal level of capital relative to its
current business volumes, with the Solvency I-like statutory
ratio at 40x at end-9M15.  However, Fitch does not consider that
Belarus Re's economic capital adequacy is as strong as the
statutory solvency ratio implies since the regulator's formula
does not take asset risk into account.  Risks on the asset side
of the reinsurer's balance sheet are highly concentrated and
directly linked to the sovereign credit profile.

Belarus Re has demonstrated strong underwriting results, with the
combined ratio averaging 67% in 2010-2014.  Favorable claims
experience and conservative pricing in most lines of business
have been the key factors behind its strong results.  The
obligatory inwards cessions and fairly strong bargaining power
underpinned by the legislation have helped Belarus Re to generate
underwriting profit.

Belarus Re's technical reserves remain under pressure from the
depreciation of the Belarusian rouble.  The FX-driven increase in
the unearned premium reserve and loss reserves is expected to
have significant negative pressure on the underwriting result in
2015. On the other hand, it should be offset by FX gains on the
investment side.

Belarus continues to be treated as a hyperinflationary domicile
under IFRS reporting.  Belarus Re's hyperinflation loss on the
net monetary position reached BYR211bn in 2014, almost fully
offsetting the reinsurer's operating profit of BYR218bn in the
same year.  As the country's peak inflation rate of 108.7% in
2011 will drop out from the three-year corridor for the purpose
of IFRS reporting, Belarus Re expects to demonstrate stronger net
income in 2015.

Belarus Re makes intensive use of retrocession with an average of
52% of premiums ceded in 2010-2014.  Most cessions are made to
strong international reinsurers, although select single large
risks may be ceded to insurers in developing countries if the
risks involve the economic interests of those countries.  The
effectiveness of Belarus Re's retrocession program has not been
tested since at least 2009, due to favorable claims experience.

At the sector level, Fitch believes Belarusian insurers have
significant exposure to financial risks insurance, which
transfers credit risks from the banking sector and bond
investors.  As there is no reinsurance of high credit quality
available for this kind of risk, Belarusian insurers tend to
spread these risks within the country.  Belarus Re is also
exposed to these risks (15% of gross written premiums (GWP) in
9M15 and the highest exposure per borrower under this line peaked
at 33% of the reinsurer's equity at end-9M15, based on national
accounting standards.

In Fitch's view, Belarus Re's investment portfolio is of fairly
low quality.  This reflects the credit quality of local
investment instruments, constrained by sovereign risks, and the
presence of significant issuer concentration.  However, Belarus
Re's ability to achieve better diversification is limited by the
narrow local investment market and strict regulation of the
insurer's investment policy.

RATING SENSITIVITIES

Changes in Fitch's view of the financial condition of the
Republic of Belarus or any significant change in Belarus Re's
relationship with the government would likely have a direct
impact on the insurer's ratings.


BELGOSSTRAKH: Fitch Affirms 'B-' IFS Rating, Outlook Stable
-----------------------------------------------------------
Fitch Ratings has affirmed Belarusian Republican Unitary
Insurance Company's (Belgosstrakh) Insurer Financial Strength
(IFS) rating at 'B-'.  The Outlook is Stable.

KEY RATING DRIVERS

The rating reflects Belgosstrakh's 100% state ownership and
presence of state guarantees for insurance liabilities under
compulsory lines, the insurer's leading market position, its
sustainable profit generation, and its fairly strong capital
position.  The rating also takes into account the insurer's
potential exposure to the reserving risk on employers' liability
insurance and the fairly low quality of its investment portfolio.

Belgosstrakh continues to demonstrate profitable operating
performance, with a net profit of BYR482bn in 8M15 (2014:
BYR191bn) with investment return and FX gains on investments
being the key contributor.  The underwriting result was negative,
with a combined ratio of 100.8% (2014: 88.6%).  The deterioration
of the combined ratio in 8M15 was mainly driven by FX losses on
FX-denominated reserves.

The insurer continues to maintain a very strong nominal level of
capital relative to its current business volumes, with a Solvency
I-like statutory ratio of 14x at end-6M15.  However, Fitch does
not consider that Belgosstrakh's economic capital adequacy is as
strong as the statutory solvency ratio implies since the
regulator's formula does not take asset risk into account.  Risks
on the asset side of Belgosstrakh's balance sheet are highly
concentrated and directly linked with the sovereign's credit
profile.



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F R A N C E
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CGG SA: Moody's Assigns (P)B1 Rating to $270MM Secured Term Loan
----------------------------------------------------------------
Moody's Investors Service assigned a provisional (P)B1 rating to
CGG SA's (CGG or the company) envisaged issuance of up to USD270
million of senior secured term loan due 2019 at CGG Holding
(U.S.) Inc, a subsidiary of CGG SA. Concurrently, Moody's has
also downgraded to B1 from Ba3 the ratings on the senior secured
French revolving credit facility and the senior secured US
revolving credit facility (RCF) issued by CGG and CGG Holding
(U.S.) Inc respectively.

All ratings including CGG's corporate family rating (CFR) at B3,
probability of default rating (PDR) at B3-PD, and Caa1 ratings on
the senior notes are placed under review for downgrade.

These rating actions were prompted by the exchange offer launched
by CGG on November 19, 2017, on all the company's senior
unsecured notes due 2017 and an aggregate amount of up to USD135
million of senior unsecured notes due 2021 and/or senior
unsecured notes due 2022 for a new senior secured term loan due
2019 (the new term loan) and cash.

The new term loan will rank pari passu with the company's
existing senior secured bank credit facilities issued by CGG SA
and CGG Holding (U.S.) Inc. and benefit from the same security
and guarantee package. The new term loan will be issued through
an existing basket allowing the company to raise up to USD500
million of secured debt ranking pari passu with the existing
senior secured bank credit facilities if proceeds are used to
refinance the notes which will be redeemed through the exchange
offer, convert part of the outstanding amounts under the senior
secured revolving credit facilities and whose commitments will be
permanently reduced by the same amount, and/or refinance the
Fugro vendor loan. Therefore, the aggregate amount of senior
secured debt including the new term loan and the existing senior
secured debt will not exceed USD890 million.

Moody's issues provisional ratings in advance of the final sale
of securities. Upon closing of the transaction and a conclusive
review of the final documentation, Moody's will endeavor to
assign definitive ratings. A definitive rating may differ from a
provisional rating.



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G E R M A N Y
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TRW AUTOMOTIVE: Moody's Cuts Rating on Sr. Unsecured Notes to Ba2
-----------------------------------------------------------------
Moody's Investors Service has downgraded to Ba2 from Ba1 the
rating of the 4.5% senior unsecured notes due 2021 and the rating
of the 4.45% senior unsecured notes due 2023 issued by TRW
Automotive Inc. (TRW). The outlook has been changed to positive
from negative.

The following ratings are affected:

Downgrades:

-- Issuer: TRW Automotive Inc.

-- 4.5% Senior Unsecured Regular Bond/Debenture (Local Currency)
    Mar 1, 2021, Downgraded to Ba2(LGD4) from Ba1(LGD4)

-- 4.45% Senior Unsecured Regular Bond/Debenture (Local
Currency)
    Dec 1, 2023, Downgraded to Ba2(LGD4) from Ba1(LGD4)

Outlook Actions:

-- Issuer: TRW Automotive Inc.

-- Outlook, Changed To Positive From Negative

RATINGS RATIONALE

Following the merger of a wholly owned subsidiary of ZF
Friedrichshafen AG (ZF) with and into ZF TRW Automotive Holdings
Corporation (formerly known as TRW Automotive Holdings Corp.),
the parent holding company of TRW, TRW has completed an offer to
repurchase the USD800 million outstanding 2021 and 2023 notes at
a price of 101% of par plus accrued and unpaid interest. The
rating of those USD161 million notes which have not been tendered
has now been aligned to the rating of ZF's senior unsecured debt
instruments.

Structurally, Moody's considers the holders of TRW's legacy debt
to be in a similar position to the holders of notes issued by ZF
North America Capital, Inc. (ZFNA). These instruments are rated
in line with the group's Ba2 Corporate Family Rating (CFR)
considering the limited amount of priority claims in the capital
structure. The instruments benefit from a guarantee by ZF
Friedrichshafen AG, the group's leading holding company. While
the TRW legacy bonds additionally benefit from upstream
guarantees from certain of its domestic subsidiaries, the
instruments issued by ZFNA do not have this additional layer of
protection. However, since the requirement of a separate
reporting by TRW has been removed by amending the indentures, and
given that TRW will be integrated into the group, a separate
analysis of TRW's creditworthiness will no longer be possible.
Hence the rating of TRW's legacy bonds is based on the guarantee
provided by ZF Friedrichshafen AG.

ZF's Ba2 CFR balances (1) its strong business profile with a
leading market position in the global automotive supply industry
and sizeable non-auto OEM business, (2) the positive effect
resulting from the integration of TRW, in particular with regard
to scale, product offering, technology as well as regional and
customer diversification, (3) the group's high innovation rate,
(4) its solid liquidity profile and (5) ZF's conservative
financial policy which includes our expectation of solid free
cash flow generation to be applied to debt repayment, to some
extent supported by moderate dividend payouts going forward, with
(1) the high debt load and leverage resulting from the debt
financed acquisition of TRW (debt/EBITDA as adjusted by Moody's
expected at 4.2x -- 4.5x for 2015 pro-forma for the transaction),
taking into account its exposure to the cyclical automotive
industry with strong pricing power from the auto OEMs, (2) only
average operating profitability compared to other automotive
suppliers, which, however is also a reflection of strong product
diversification encompassing products with high technological
content, offset to some extent by products which are exposed to
higher competition, (3) continued high capex spend which is
needed to maintain its technological leadership and improve its
geographical footprint and (4) challenges to integrate the two
companies taking into account quite different business cultures.

RATIONALE FOR POSITIVE OUTLOOK

The positive outlook incorporates Moody's expectation that ZF
will continue its conservative financial policy, smoothly
integrate TRW into the organization and will be able to build on
the solid performance both companies have consistently shown
since 2010 by delivering further gradual improvement in key
credit metrics, allowing it to build some headroom within the
rating category.

WHAT COULD CHANGE THE RATING UP/DOWN

Upward pressure on the rating could develop upon successful
consummation of the transaction indicated by EBITA margin
exceeding 7% on a sustainable basis (6.6% pro-forma per 2014). In
addition, ZF's ability to manage leverage below 3.5x debt /
EBITDA (3.5x -- 3.8x estimated by Moody's per full year 2016)
supported by a free cash flow generation consistently in excess
of EUR 500 million could be positive for the rating (all figures
in this paragraph are as adjusted by Moody's). Downward pressure
could be exerted on the rating if ZF's operating performance
weakens as indicated by EBITA Margin approaching 5% on a
sustainable basis or leverage clearly above 4x Debt / EBITDA.
Likewise, covenant headroom falling below 20% could trigger a
negative rating action.

ZF Friedrichshafen AG (ZF), headquartered in Friedrichshafen,
Germany, is a leading global technology company specialized on
driveline and chassis technology. The company generates the
majority of its revenues with the passenger car and commercial
vehicle industries, but also delivers to other markets including
the construction and agricultural machinery sector. Following the
acquisition of TRW, ZF is one of the largest automotive suppliers
on a global scale with pro-forma revenues of EUR 32 billion
(2014), having a similar size as Bosch, Denso and Magna.



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G R E E C E
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GREECE: Parliament OKs Additional Reforms to Unlock Bailout
-----------------------------------------------------------
Kerin Hope at The Financial Times reports that Greece's
parliament has backed additional reforms needed to unlock EUR12
billion from the latest, EUR86 billion, bailout to recapitalize
struggling banks and pay off overdue debts to government
suppliers.

The reform bill was approved by 153 to 137 votes following a
stormy debate that brought the sacking of two deputies from the
governing Syriza-led coalition, the FT relates.  They had refused
to support a measure limiting protection for mortgage holders in
default, the FT notes.

Euclid Tsakalotos, finance minister, said that more than 90% of
homeowners with unpaid mortgages would be eligible for some
protection, even though only those with an annual income below
EUR23,000, would be safe from foreclosures, the FT relays.

Parliament's approval of the mortgage measures clears the way for
battered banks to receive a EUR10 billion capital injection to
boost balance sheets and help restore financial stability, the FT
states.

Three of the four eligible banks said last week they had covered
their share of a further EUR4.4 billion of capital required
following European Central Bank stress tests from private
investors, the FT recounts.

Another EUR2 billion, which officials hope will be disbursed
immediately after a eurozone working group meeting early this
week, would be allocated to reducing the government's debts to
suppliers, the FT discloses.



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I R E L A N D
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ALLIED IRISH: Raises EUR750MM via Bond Issue to Repay Bailout
-------------------------------------------------------------
The Irish Times reports that AIB raised EUR750 million in a bond
issue on Nov. 19 as part of its plan to start repaying the
bailout it received from the State, enjoying strong demand that
bodes well for a planned stock market flotation next year.

The Government has pumped EUR21 billion into AIB since the 2007-
2009 financial crisis, the biggest bailout given to any Irish
bank still trading, and will recoup an initial EUR1.6 billion
under its capital reorganization, The Irish Times relates.

As part of the plan, the 99% state-owned bank pledged to issue at
least EUR750 million of Lower Tier 2 (LT2) bonds, its first
subordinated offering since it imposed severe losses on
subordinated debt holders four years ago, The Irish Times
discloses.

The demand came despite the bank having imposed losses of up to
90% on junior bondholders in 2011 to help the Government to cut
EUR5 billion from a bill to save the banks that eventually cost
EUR64 billion, or around 40% of annual economic output, The Irish
Times notes.

The Government, which has already recouped the cash invested in
rival Bank of Ireland and earlier this year returned part of
Permanent TSB to private ownership, expects to recover more than
it invested in AIB over a number of years, The Irish Times says.

According to The Irish Times, the bank will repay another EUR1.6
billion next July when State-owned contingent capital notes
(CoCos) mature, and if it is returned to power early next year,
the Government will sell a 25% stake on the stock market within
months of re-election.

                     About Allied Irish Banks

Allied Irish Banks, p.l.c. -- http://www.aibgroup.com/-- is a
major commercial bank based in Ireland.  It has an extensive
branch network across the country, a head office in Dublin and a
capital markets operation based in the International Financial
Services Centre in Dublin.  AIB also has retail and corporate
businesses in the UK, offices in Europe and a subsidiary company
in the Isle of Man and Jersey (Channel Islands).

Since the onset of the global and Irish financial crisis, AIB's
relationship with the Irish Government has changed significantly.

As at Dec. 31, 2010, the Government, through the National Pension
Reserve Fund Commission ("NPRFC"), held 49.9% of the ordinary
shares of the Company (the share of the voting rights at
shareholders' general meetings), 10,489,899,564 convertible non-
voting ("CNV") shares and 3.5 billion 2009 Preference Shares.  On
April 8, 2011, the NPRFC converted the total outstanding amount
of CNV shares into 10,489,899,564 ordinary shares of AIB, thereby
increasing its holding to 92.8% of the ordinary share capital.

In addition to its shareholders' interests, the Government's
relationship with AIB is reflected through formal and informal
oversight by the Minister and the Department of Finance and the
Central Bank of Ireland, representation on the Board of Directors
(three non-executive directors are Government nominees),
participation in NAMA, and otherwise.



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L U X E M B O U R G
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GLOBAL BLUE: Moody's Puts Ba3 CFR on Review for Downgrade
---------------------------------------------------------
Moody's Investors Service placed the Ba3 corporate family rating
(CFR) and the B1-PD probability of default rating (PDR) of Global
Blue Finance S.a r.l. (Global Blue), under review for downgrade
following the company's proposed refinancing of its credit
facilities through an Amend & Extend waiver and the intention to
distribute circa EUR260 million to its shareholders.
Concurrently, Moody's also placed on review all the existing
ratings of Global Blue Acquisition B.V., a guaranteed subsidiary
of Global Blue, including the Ba3 senior secured debt ratings.

"Our review reflects Global Blue's plans to offer a sizeable
dividend to shareholders, to amend and extend its existing credit
facilities, which is subject to lender approval, as well as to
launch the syndication of a new term loan financing. Should these
plans be realised, we expect that the company's leverage will
increase beyond what we previously anticipated for 2016 and
result in a one notch downgrade of the ratings to B1", says
Guillaume Leglise, an Analyst at Moody's.

In addition, Moody's has assigned a provisional (P)B1 LGD3 rating
to the company's new senior secured Term Loan C reflecting the
more leveraged capital structure if the proposed transaction goes
forward. Moody's issues provisional ratings in advance of the
final transaction and these ratings reflect Moody's preliminary
credit opinion regarding that transaction only. Upon the closure
of the deal and a conclusive review of the final documentation,
Moody's will assign a definitive rating to the senior credit
facility. The definitive rating may differ from the provisional
rating.

RATINGS RATIONALE

The review is prompted by Global Blue's launch of a process to
amend and extend its existing credit facilities. The transaction
involves incremental debt of EUR221 million through the
introduction of a new Term Loan C. If successful the total
aggregated debt will amount to approximately EUR560 million. In
addition, as part of this transaction, the company is
contemplating a sizeable cash distribution (around EUR260
million) to its ultimate shareholders, private equity firms
Silver Lake and Partners Group. Should the transaction be
concluded as announced, Global Blue's expected Debt/EBITDA pro
forma ratio (as adjusted by Moody's) would increase to
approximately 4.3x for the financial year ending March (FYE)
2016, compared to Moody's previous expectation of a ratio in the
region of 3.0-3.5x in the next 12 to 18 months.

Moody's considers the transaction as credit negative,
highlighting a more aggressive financial policy from Global
Blue's shareholders than initially anticipated. Given the
potential increase in leverage, Moody's anticipates that Global
Blue's Ba3 corporate family rating could be downgraded by one
notch, should the transaction be concluded successfully.

Meanwhile, Moody's notes that the transaction is occurring at a
time when the company has a very strong trading performance, with
net revenues up 14.2% in the last-12-months to 30 September 2015
and reported EBITDA up 25.7% during the same period. This
reflects the increased demand from certain emerging market
travellers, notably China, but also from developed market
travellers such as from the US, to shop cross-border or in
Europe.

The review will focus on a detailed evaluation of the new capital
and leverage structure, as well as on the execution of the
transaction and the waiver consent process. The review will also
assess the potential impact of the recent terrorist attacks in
Paris on the European tourism industry as a whole. While Global
Blue presents a very solid track record of earnings growth and
showed some resilience to past travel disruption events, the
company remains highly reliant on the tourism industry and on
Europe as a destination market for travellers.

If the transaction does not complete, Moody's will reassess the
positioning of the company in due course.

ASSIGNMENT OF A (P)B1 RATING TO THE NEW TERM LOAN C

Moody's has assigned a provisional (P)B1 rating to the new senior
secured Term Loan C which will be introduced as part of the
transaction. The new term Loan C will rank pari passu with the
existing Term Loans A and B, as well as with the revolving credit
facility. Importantly, the (P)B1 rating is not part of the review
process. When the transaction will be fully completed, Moody's
will assign definitive rating to the new term loan C.

Domiciled in Luxembourg with group headquarters in Switzerland,
Global Blue is a leading provider of VAT (Value-Added Tax) and
GST (Goods and Service Tax) refunds to travellers, as well as
currency conversion services. For FYE 2015, the company reported
net revenues and EBITDA (as adjusted by the company) of
approximately EUR341 million and EUR114 million, respectively.



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N E T H E R L A N D S
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EUROCREDIT CDO IV: S&P Raises Ratings on 2 Note Classes to B-
-------------------------------------------------------------
Standard & Poor's Ratings Services raised its credit ratings on
Eurocredit CDO IV B.V.'s class B-1, B-2, C-1, C-2, Q combo, and S
combo notes.

The upgrades follow S&P's review of the transaction's
performance. S&P performed a credit and cash flow analysis and
applied its relevant criteria.  In S&P's analysis, it used data
from the Sept. 22, 2015 trustee report.

S&P has subjected the capital structure to a cash flow analysis
to determine the break-even default rates (BDRs) for each rated
class of notes.  The BDR represents S&P's estimate of the maximum
level of gross defaults, based on stress assumptions, that a
tranche can withstand and still fully repay the noteholders.  In
S&P's analysis, it used the reported portfolio balance that it
considered to be performing, the current weighted-average
spreads, and the weighted-average recovery rates that S&P
considered to be appropriate.  S&P applied various cash flow
stress scenarios, using four different default patterns, in
conjunction with different interest rate stress scenarios for
each liability rating category.

Eurocredit CDO IV has been amortizing since the end of its
reinvestment period in February 2010.  Since S&P's Feb. 21, 2014,
review, the class A-1 and A-2 notes have fully amortized and the
class B-1 and B-2 notes have partially amortized.  In S&P's view,
this has increased the available credit enhancement for the rated
notes.  S&P notes that the class C notes continued to defer
interest on the August payment date.

The portfolio's continuing amortization has led to increased
portfolio concentration.  The portfolio comprises eight
performing obligors, down from 33 at S&P's previous review.  The
largest obligor's assets represent more than 19% of the aggregate
collateral balance, with average exposure to each obligor
accounting for 12.5% of the performing assets.

Approximately 40% of the performing assets will mature after the
notes' legal final maturity date (Feb. 24, 2020).  In S&P's view,
this exposes the transaction to market value risk as the manager
may need to sell the assets ahead of the maturity date to repay
the transaction's liabilities.  To address this risk in S&P's
analysis, it reduced the balance of assets that exceed 5% of the
transaction's collateral balance by 10% per year for each year
after the notes' legal final maturity date, in line with S&P's
corporate cash flow criteria.

The transaction also features two classes of combination notes
(the class Q combo and S combo notes).  The outstanding balance
on these classes of notes has further deleveraged since S&P's
previous analysis.

S&P's cash flow analysis indicates that the available credit
enhancement for all classes of notes is commensurate with higher
ratings than those previously assigned.  However, the application
of the largest obligor default test constrains S&P's ratings at
lower rating levels than those supported by the available credit
enhancement.  This test assesses whether a collateralized debt
obligation (CDO) tranche has sufficient credit enhancement to
withstand specified combinations of underlying asset defaults
based on the ratings on the underlying assets, with a flat
recovery of 5%.  S&P has therefore raised its ratings on all
classes of notes.

Eurocredit CDO IV is a managed cash flow collateralized loan
obligation (CLO) transaction that securitizes loans to primarily
European speculative-grade corporate firms.  The transaction
closed in November 2004 and is managed by Intermediate Capital
Managers Ltd.

RATINGS LIST

Eurocredit CDO IV B.V.
EUR355.5 mil fixed- and floating-rate notes

                                   Rating        Rating
Class              Identifier      To            From
B-1                29870KAC5       AA+ (sf)      BBB+ (sf)
B-2                29870KAD3       AA+ (sf)      BBB+ (sf)
C-1                29870KAE1       B- (sf)       CCC+ (sf)
C-2                29870KAF8       B- (sf)       CCC+ (sf)
Q Combo            29870KAK7       BB+ (sf)      B- (sf)
S Combo            29870KAM3       BBB+p (sf)    B-p (sf)


HIGHLANDER EURO III: S&P Raises Rating on Class E Notes to BB+
--------------------------------------------------------------
Standard & Poor's Ratings Services raised its credit ratings on
Highlander Euro CDO III B.V.'s class B, C, D, and E notes.  At
the same time, S&P has affirmed its rating on the class A notes.

The rating actions follow S&P's assessment of the transaction's
performance using data from the Oct. 19, 2015 trustee report.

Highlander Euro CDO III's senior notes have been amortizing since
the end of its reinvestment period in May 2014.  Since S&P's
March 5, 2015 review, the aggregate collateral balance has
decreased by approximately 18.39% to EUR495.12 million from
EUR606.67 million.

"We have subjected the transaction's capital structure to a cash
flow analysis to determine the break-even default rates (BDRs)
for each rated class of notes at each rating level.  The BDR
represents our estimate of the maximum level of gross defaults,
based on our stress assumptions, that a tranche can withstand and
still fully repay the noteholders.  In our analysis, we used the
portfolio balance that we consider to be performing
(EUR481,282,232), the current weighted-average spread (3.83%),
the principal cash balance (EUR13,835,738), and the weighted-
average recovery rates calculated in line with our corporate
collateralized debt obligation (CDO) criteria.  We applied
various cash flow stresses, using our standard default patterns,
in conjunction with different interest rate and currency stress
scenarios," S&P said.

The available credit enhancement has increased for all of the
rated notes due to the transaction's structural deleveraging post
its re-investment period.  The class A notes, which are the
senior-most class of notes outstanding, have amortized by
EUR109.06 million since S&P's previous review and currently have
a note factor of 51.13%.  The increased available credit
enhancement is the main rating driver for the upgrades.

The weighted-average spread earned on the assets has marginally
decreased to 383 basis points (bps) from 393 bps since S&P's
previous review.  At the same time, the number of distinct
obligors in the portfolio has reduced to 88 from 106 over the
same period, due to asset repayments.  The top 10 largest
obligors account for 29.60% of the portfolio.

S&P has observed that the proportion of assets rated in the 'CCC'
category ('CCC+', 'CCC', or 'CCC-') has decreased since S&P's
previous review.  There are currently no defaulted assets in the
portfolio, compared with 0.10% in S&P's previous review.  The par
coverage tests comply with the documented required triggers.

Highlander Euro CDO III has entered into asset swap agreements
with JPMorgan Chase Bank N.A. to hedge any currency risk from
non-euro-denominated assets (6.76% of the portfolio balance).
The documented downgrade provisions in these asset swap contracts
do not fully comply with S&P's current counterparty criteria.
S&P has therefore applied currency stresses on these non-euro-
denominated assets to test the effect on our ratings on the class
A and B notes (rated above the long-term issuer credit rating on
JPMorgan Chase Bank) if the counterparty failed to perform.

In S&P's opinion, the increased available credit enhancement for
the class B, C, D, and E notes is now commensurate with higher
ratings than those previously assigned.  S&P has therefore raised
its ratings on these classes of notes.

The available credit enhancement for the class A notes continues
to be commensurate with a 'AAA (sf)' rating.  S&P has therefore
affirmed its 'AAA (sf)' rating on the class A notes.

Highlander Euro CDO III is a cash flow collateralized loan
obligation (CLO) transaction that securitizes loans granted to
primarily speculative-grade corporate firms.  The transaction
closed in April 2007 and CELF Advisors LLP is the collateral
manager.  S&P's ratings on the class A and B notes address the
timely payment of interest and the ultimate payment of principal.
S&P's ratings on the class C, D, and E notes address the ultimate
payment of principal and interest.

RATINGS LIST

Class       Rating         Rating
            To             From

Highlander Euro CDO III B.V.
EUR800 Million Floating-Rate And Deferrable Floating-Rate Notes

Rating Affirmed

A            AAA (sf)

Ratings Raised

B            AA+ (sf)      AA (sf)
C            A+ (sf)       A- (sf)
D            BBB+ (sf)     BBB- (sf)
E            BB+ (sf)      B+ (sf)


UCL RAIL: Fitch Affirms 'BB+' IDR, Outlook Negative
---------------------------------------------------
Fitch Ratings has affirmed UCL Rail B.V.'s (UCLR) and its key
100% subsidiary JSC Freight One's Long-term foreign currency
Issuer Default Ratings at 'BB+' with Negative Outlook.

The Negative Outlook reflects continuing weak market fundamentals
pressuring freight volumes and rates, which result in weaker cash
flows, slower debt reduction and higher-than-expected leverage.
Fitch expects the companies' credit ratios to remain in breach of
our negative rating guidelines in 2015, but to improve to the
levels commensurate with the current rating in 2016.  The rating
would be downgraded if the company fails to demonstrate sustained
de-leveraging to below our negative rating guideline of 2.5x by
end-1H16.

The ratings reflect UCLR's position as the leading rolling stock
owner and operator in Russia's rail freight market.  A sizeable
asset base provides UCLR with a strong ability to meet customer
demand and a diversified fleet and customer base.  However,
UCLR's business is exposed to volatile economic drivers affecting
both transported volumes and freight rates.

Freight One's ratings equalized with those of UCLR, reflecting
its role as the sole contributor of the group's revenues and
earnings after its reorganization.

KEY RATING DRIVERS

Credit Metrics Remain Under Pressure

Fitch expects the company to again exceed our negative rating
guidance of 2.5x for funds from operations (FFO) adjusted net
leverage at end-2015, due to weak market conditions resulting in
a decrease in revenue and cash flow generation.  This metric
increased sharply to 3.27x at end-2014 from 2.76x a year ago.  In
December 2014 - January 2015 the company converted a
shareholder's loan of RUB16 bil. into equity that should slightly
improve leverage metrics.  Although Fitch expects FFO adjusted
net leverage to remain above 2.5x at end-2015 Fitch forecasts it
to decrease below this level at end-2016 on the back of modest
capex, zero dividends and cost-cutting initiatives, which would
help the company to reduce its debt burden and improve leverage.

Weak Market Conditions

The Russian rail cargo transportation market remains under
pressure from a contracting domestic economy.  UCLR's freight
rates have been stagnating for the most part of 2015, with some
improvement seen only in 3Q15 according to management.  Expected
low rail volume growth, coupled with overcapacity in the rolling
stock market, will continue to pressure tariffs, at least in the
short-to medium-term.  Therefore UCLR's ability to rationalize
its cost base will be a critical factor in supporting margins and
FFO levels.

Weaker Margin but FCF Positive

In 1H15 UCLR reported an EBITDA margin of 26%, down from 30% in
1H14.  Fitch forecasts it to remain at this level on average over
2015-2017.  However, Fitch expects UCLR to continue generating
positive free cash flow (FCF), fuelled by moderate capex
expectations, a conservative financial strategy and zero-dividend
policy as long as net debt/EBITDA exceeds 2x.

Strong Competitive Position

UCLR is the leading nationwide commercial rolling-stock operator
in Russia by fleet size (estimated at 16% of the market).  The
company has a diversified fleet and customer base, which along
with a broad network of regional branches, secures its
competitive advantage and efficiency over smaller market players.

Diversified Customers, Services Contracts Focused

UCLR has a diversified customer base with the seven-largest
customers representing about half of total revenue in 9M15.  To
increase the visibility of cash flows freight transportation
companies, including UCLR/Freight One, have entered into medium-
to long-term service agreements with their key customers.  UCLR
currently operates under medium-to long-term service agreements
with OJSC Novolipetsk Steel (NLMK, BBB-/Stable), OAO Severstal
(BB+/Positive), RN Trans, RUSAL and Eurotsement and is
responsible for transporting 25%-100% of their freight cargo.

The medium- to long-term contracts with major customers covered
49% of UCLRs revenue in 1H15.  The agreements' tenor ranges from
two to seven years.  However, UCLR remains exposed to volume risk
as some contracts fix only the percentage of the customers' cargo
volumes, but not actual volumes.

Interest Fluctuations; Limited FX Exposure

UCLR has limited exposure to foreign currency risks as only 6% of
total debt as of October 30, 2015, is denominated in US dollars.
But rouble depreciation has had a negative impact through
interest rate fluctuations, as floating-rate debt (of which some
are linked to Mosprime that spiked to about 29% at end-2014-1Q15)
accounted for about 70% of total debt in October 2014.  In
September-November 2015 the company refinanced some debt,
reducing the share of floating-rate debt to 27% of total
outstanding debt.  The company anticipates reducing the share of
floating-rate debt further.

Reorganization Complete

UCL Rail has completed the reorganization of Freight One, after
it renamed NTK as Freight One and consolidated all other cargo
rail operating subsidiaries under Freight One.  This was to
optimize the group structure, which should lead to cost
reduction.  The operational profiles of both UCLR and Freight One
are unaffected by the reorganization, in Fitch's view.

KEY ASSUMPTIONS

Fitch's key assumptions within the rating case for the issuers
include:

   -- Domestic GDP decline of 4% in 2015 and 0.5%-1.5% growth
      over 2016-2018

   -- Inflation to grow at 15.5% in 2015 and 5.5%-9% over 2016-
      2018

   -- Freight prices to grow lower than inflation rate

   -- Capex as per company's guidance

   -- Rail fleet under operations in line with management
      expectations, with a 15% haircut on the expected sale of
      rail fleet

   -- Expected implementation of cost-cutting measures resulting
      in 5% increase of total costs on average over 2016-2018

RATING SENSITIVITIES

Positive: Future developments that could lead to a revision of
the Outlook to Stable include:

   -- FFO adjusted net leverage falling below 2.5x and FFO
      interest cover above 3x on a sustained basis

   -- Sustainable improvement in rolling stock market conditions
      leading to stronger operating cash flows and positive FCF
      assuming through-the-cycle capex

Negative: Future developments that could lead to a downgrade
include:

   -- FFO adjusted net leverage above 2.5x and FFO interest
      coverage below 3x on a sustained basis, due to weak
      industrial activity in Russia and weaker-than-expected
      operating results, larger capex or dividend payments or
      failure to execute asset disposals as planned.  Failure to
      demonstrate leverage reduction below Fitch's negative
      rating guideline by end-1H16 would also lead to the rating
      downgrade.

   -- Unfavorable changes to the Russian legislative framework
      for the railway transportation industry

LIQUIDITY

At end-1H15 UCLR's cash and cash equivalent stood at RUB9
billion, together with unused credit facilities of RUB40.5
billion mainly from VTB Bank, PromsvyazBank and Alfabank at Oct.
30, 2015.  This, together with expected positive FCF are
sufficient to cover short-term maturities of RUB15 billion.  UCLR
does not pay commitment fees for unused credit facilities, which
is common for Russian companies.

In September-November 2015 the majority of outstanding short-term
debt was refinanced with local senior unsecured bonds of RUB25bn
issued by Freight One.  As of Nov. 5, 2015, Freight One's
outstanding debt amounted to RUB68.8 billion, comprising finance
lease and leaseback loans (46% of total outstanding debt), local
bonds (36%) and bank debt (18%).

Bank debt was secured on rolling stock (RUB4.4 billion) and
Freight One's shares pledge (RUB8 billion).  Rail fleet with a
balance value of RUB53 billion at Oct. 30, 2015 out of RUB122
billion is secured under bank loans and finance lease agreements.
Although the majority of Freight One's outstanding debt is
formally secured only a moderate part of total rail fleet is
encumbered, leaving significant asset value for senior unsecured
creditors.  Therefore the RUB25 billion local bonds have a senior
unsecured rating at the same level as the company's IDR.

FULL LIST OF RATING ACTIONS

UCLR

  Long-term foreign currency IDR affirmed at 'BB+'; Outlook
   Negative
  Short-term foreign currency IDR affirmed at 'B'
  Foreign currency senior unsecured rating affirmed at 'BB+'
  Long-term local currency IDR affirmed at 'BB+'; Outlook
   Negative
  Short-term local currency IDR affirmed at 'B'
  Local currency senior unsecured rating affirmed at 'BB+'
  National Long-term rating affirmed at 'AA(rus)', Outlook
   Negative

Freight One

  Long-term foreign currency IDR affirmed at 'BB+', Outlook
   Negative
  Short-term foreign currency IDR affirmed at 'B'
  Foreign currency senior unsecured rating affirmed at 'BB+'
  Long-term local currency IDR affirmed at 'BB+', Outlook
   Negative
   Short-term local currency IDR affirmed at 'B'
  National Long-term rating affirmed at 'AA(rus)', Outlook
   Negative
  RUB25bn bonds assigned local currency senior unsecured rating
   at 'BB+'



===========
R U S S I A
===========


ACRON JSC: Moody's Assigns Ba3 Ratings to Domestic Bond Issues
--------------------------------------------------------------
Moody's Investors Service assigned Ba3 ratings with a loss given
default (LGD) assessment of LGD4 to two proposed three-year (with
a 1.5-year put option embedded), RUB5 billion (RUB10 billion
total (US$150 million)) domestic bonds to be issued by JSC Acron
(Acron), a Russia-domiciled, leading European producer of
nitrogen and complex fertilizers.

These two issues complete Acron's RUB15 billion domestic bond
issuance program, which comes under a bond issuance documentation
registered in 2012. Acron will use the proceeds from the bonds
placement to refinance its existing short-term debt. The outlook
on the ratings is stable.

RATINGS RATIONALE

The assignment of Ba3 ratings to the proposed bonds, which is the
same rating level as Acron's corporate family rating (CFR) and
its other rated senior unsecured domestic bonds, assumes that the
instruments will rank pari passu to senior unsecured debt in the
Acron group's capital structure. The group predominantly uses
unsecured and pre-export types of financing for its operating
activities and capital investment purposes.

Acron's Ba3 CFR is constrained by (1) Acron's modest size
compared with global peers and limited diversification among
fertilizer types; (2) its exposure to the inherent volatility of
the global fertilizer industry; and (3) potential medium-term
pressure on the company's cash flow from an upcoming large potash
investment project, the funding structure of which is still to be
finalized.

At the same time, Acron's CFR positively considers Acron's (1)
high margins, driven by its low-cost position, which is based on
attractively priced natural gas feedstock costs and supported by
achieved self-sufficiency in phosphates, as well as the weak
rouble; (2) a moderately leveraged financial profile, with
debt/EBITDA of 2.6x and retained cash flow (RCF)/debt of 30.2% as
of mid-2015, which Moody's expects to sustain; and (3) good
liquidity position up to end-2016.

Owing to the embedded 1.5-year put option, the proposed issues
can effectively mature in 2017, increasing Acron's already
sizable 2017 debt maturities. However, in Moody's view, Acron
should be able to address these maturities well in advance based
on good access to both Russian and foreign bank funding.

RATIONALE FOR STABLE OUTLOOK

The stable outlook on Acron's CFR reflects Moody's view that the
company's operational and financial profiles offer sufficient
headroom to withstand the soft pricing environment in the
fertilizer industry. The outlook also reflects Moody's
expectation that Acron will maintain sufficient liquidity and
proactively manage its debt profile.

What Could Change the Rating -- Up/Down

Positive pressure on the CFR could develop if Acron (1) shows
robust operating performance and executes its ongoing expansion
programme, such that its cash flow generation improves to
adjusted RCF/debt well above 30% on a sustainable basis; and (2)
delivers on its deleveraging plan such that the company's
adjusted debt/EBITDA reduces to below 2.0x on a sustainable
basis.

Downward pressure on the CFR could develop from (1) difficulties
in executing the company's expansion program or an increase in
shareholder returns, which would lead to a sustained
deterioration in operating cash flow generation and/or an
increase in leverage, with debt/EBITDA above 3.0x and RCF/debt
below 20% on a sustained basis; and/or (2) a deterioration in the
group's liquidity position.


ADEKTA-PENSION: Bank of Russia Ends Provisional Administration
--------------------------------------------------------------
The Bank of Russia, in compliance with Paragraph 4 of Clause 1.2
of the Regulation on the provisional administration to manage a
non-governmental pension fund approved by FSFM of Russia Order
No. 09-6/pz-n, dated March 3, 2009, took a decision to terminate
the activity of the provisional administration of joint-stock
company Non-governmental Pension Fund Adekta-Pension.


ECONOMSTRAKHOVANIE LLC: Bank of Russia Suspends Insurance License
-----------------------------------------------------------------
The Bank of Russia, by its Order No. OD-3189 dated November 16,
2015, suspended the insurance license of Insurance Company
EconomStrakhovanie, LLC.

This decision is taken due to the insurer's failure to execute
the Bank of Russia instruction, namely, due to its non-compliance
with the requirements of financial sustainability and solvency
with respect to securing insurance reserves, procedure and
conditions to invest capital and insurance reserves.

The decision becomes effective the day it is published in the
Bank of Russia Bulletin.

Suspended license of the insurance agent shall mean a prohibition
on entering into new insurance contracts, as well as on amending
respective contracts resulting in increase in the existing
obligations of the insurance agent.

The insurance agent shall accept applications on the occurrence
of insured events and perform obligations.


SBEREGATELNY JSC: Bank of Russia Ends Provisional Administration
----------------------------------------------------------------
The Bank of Russia, in compliance with Paragraph 4 of Clause 1.2
of the Regulation on the provisional administration to manage a
non-governmental pension fund approved by FSFM of Russia Order
No. 09-6/pz-n, dated March 3, 2009, took a decision to terminate
the activity of the provisional administration of joint-stock
company Non-governmental Pension Fund Sberegatelny.


SUNNY BEACH: Bank of Russia Ends Provisional Administration
-----------------------------------------------------------
The Bank of Russia, in compliance with Paragraph 4 of Clause 1.2
of the Regulation on the provisional administration to manage a
non-governmental pension fund approved by FSFM of Russia Order
No. 09-6/pz-n, dated March 3, 2009, took a decision to terminate
the activity of the provisional administration of joint-stock
company Non-governmental Pension Fund Savings Fund Sunny Beach.


ZASHCHITA BUDUSHCHEGO: Provisional Administration Terminated
-------------------------------------------------------------
The Bank of Russia, in compliance with Paragraph 4 of Clause 1.2
of the Regulation on the provisional administration to manage a
non-governmental pension fund approved by FSFM of Russia Order
No. 09-6/pz-n, dated March 3, 2009, took a decision to terminate
the activity of the provisional administration of joint-stock
company Non-governmental Pension Fund Zashchita Budushchego.



=====================
S W I T Z E R L A N D
=====================


GLOBAL BLUE: S&P Affirms 'BB-' CCR, Outlook Stable
--------------------------------------------------
Standard & Poor's Ratings Services said that it has affirmed its
'BB-' corporate credit rating on Switzerland-headquartered
tourist value-added tax (VAT) refund processor Global Blue
Acquisition B.V.  The outlook is stable.

At the same time, S&P assigned its 'BB-' issue rating to the
proposed term loan C.  The recovery rating is '4', indicating
S&P's expectation of average recovery in the higher half of the
30%-50% range in the event of a payment default.

S&P also affirmed its 'BB-' issue ratings on the existing senior
secured facilities (consisting of term loans A and B and a
revolving credit facility [RCF]).  The recovery rating is '3'
(although S&P expects to revise it to '4' on the completion of
the transaction).

The ratings on the proposed EUR560 million senior secured
facilities and EUR80 million senior secured RCF are subject to
the successful completion of the amend and extend process, and to
S&P's review of the final documentation.

Global Blue has announced a transaction to "amend and extend" its
senior secured facilities, effectively enabling a shareholder
return of about EUR260 million to financial sponsors Silver Lake
and Partners Group.  S&P's affirmation reflects that its
financial policy assessment and issuer credit rating on Global
Blue already took into account the possibility of such a dividend
recapitalization.

Global Blue's existing capital structure comprises EUR339 million
of term loan A and B facilities and EUR65 million of senior
secured RCFs.

The proposed amend and extend process, after a waiver is obtained
on additional debt tranches from majority lenders, will allow the
existing lenders to retain their exposure to the amended term
loan A and B with higher interest margins, as well as to extend
or transfer their exposure to the additional term loan C.

The transaction will enlarge Global Blue's debt capital structure
to EUR560 million senior secured credit facilities and EUR80
million senior secured RCFs.  The resulting composition of the
EUR560 million senior secured credit facilities will depend on
the lenders' allocation across the proposed term loans A, B, and
C.

"We continue to assess Global Blue's financial risk profile as
"aggressive," including the planned dividend recapitalization
that we accounted for in our original financial policy
assessment. Global Blue generates strong cash flow and has a
track record of very low capital expenditure (capex) and minimal
dividends.  These enable the company to deleverage swiftly,
allowing it to make shareholder returns by incurring additional
debt.  In light of the increased debt levels and higher interest
payments in the proposed transaction, we forecast that our
Standard & Poor's-adjusted debt-to-EBITDA ratio will reach around
4.7x for financial year (FY) ending March 2016.  We also forecast
that our adjusted EBITDA interest coverage will be in the range
of about 3.6x-3.8x, depending on the lenders' final allocation,"
S&P said.

S&P's adjusted debt and ratio calculations exclude the
convertible preferred equity certificates (CPECs) issued by the
ultimate parent company Global Blue Management & Co S.C.A.  In
S&P's view, the overall terms and conditions of the CPECs are
aligned with equity interest and are favorable to third-party
creditors.  In particular, these certificates can only be
transferred proportionally with common equity.

S&P assesses Global Blue's business risk profile at the low end
of "satisfactory," as defined in S&P's criteria.  Global Blue
mainly operates in a small tourist VAT refund processing market,
in which it has a large market share of about 75%-80%.  The
company has a strong franchise network with about 97,000 merchant
contracts covering 39 countries and achieves a resilient merchant
retention rate of around 98%.  Global Blue's business risk
profile also benefits from very strong adjusted EBITDA margin of
around 32%-33%.

That said, S&P views the VAT refund market as very niche.  S&P
estimates the net revenue generated by the tourist VAT refund
processing market at about EUR450 million in 2015.  Global Blue's
growth prospects are mainly driven by the international shopping
trends of travelers from emerging markets.  The company is
exposed to the risks of economic downturn, political stability,
threats of terrorism, changes in taxes, and regulations in both
outbound and inbound countries.  Such event risks could drive
significant changes in traveling trends and spending behavior,
leading to potential volatility in earnings and demand for VAT
refunds on travel spending.

Notwithstanding the broad diversification in traveling
origination and destination, S&P sees a degree of concentration
risk related to travelers from China and Russia.  These are the
two largest groups of international shoppers, generating about
26% and 17% of Global Blue's net commissions, respectively.  In
S&P's view, the weakening commission generated from Russian
travelers could be mitigated to some extent by diversification of
demand from other countries, such as China.  The company's niche
market operation and concentration risk are reflected by a one-
notch downward adjustment through S&P's negative comparable
ratings analysis.

S&P's base case assumes:

   -- Organic revenue growth of about 13% for FY 2016 and 6% for
      FY 2017, primarily supported by a growing number of
      transactions originated by tourists from emerging markets
      such as China, the Middle East, and Southeast Asia.  S&P
      assumes a stable VAT regulatory environment.

   -- Resilient and stable adjusted EBITDA margin of 32%-33% in
      FY 2016 and FY 2017.

   -- Minimal capital expenditure (capex) and dividends.

Based on these assumptions, S&P arrives at these credit measures:

   -- Standard & Poor's-adjusted debt-to-EBITDA of about 4.7x for
      FY 2016 and 4.5x for FY 2017.

   -- Adjusted EBITDA interest coverage of about 3.6x-3.8x,
      depending on the lenders' final allocation across the
      proposed term loans A, B, and C.

The stable outlook on Global Blue reflects S&P's view that, after
the planned dividend recapitalization, Global Blue will continue
to maintain an adjusted debt-to-EBITDA ratio below 5x and
adjusted EBITDA interest coverage of above 3x over the next two
years.

The proposed transaction will reduce headroom in the existing
rating following an increase in leverage.  S&P could lower the
ratings if Global Blue's operating environment or credit metrics
deteriorates.  This could occur following an economic downturn,
political instability, threats of terrorism, or changes in taxes
and regulations for both outbound countries such as China and
Russia and inbound countries, particularly in the EU.  Such an
event could cause an unexpected decline in the number of
travelers or change travelers' spending patterns, so reducing the
demand for refund processing.

S&P would also consider a downgrade if Global Blue opts for a
more aggressive financial policy to achieve significant
shareholder returns.  In particular, S&P could consider lowering
the rating if Global Blue's adjusted leverage reaches 5x and
adjusted EBITDA interest coverage falls toward 2x.

S&P considers an upgrade unlikely in light of Global Blue's
planned dividend recapitalization.  Nevertheless, S&P could
consider raising the rating if it anticipates that the financial
sponsor will relinquish control over the medium term, while other
shareholders hold at least a 20% stake in the company, and Global
Blue commits to maintaining a financial policy which allows S&P's
adjusted debt-to-EBITDA to remain below 4x while maintaining
adequate liquidity on a sustainable basis.



=============
U K R A I N E
=============


UKRAINE: Deposit Fund Gets UAH3.6 Billion From Insolvent Banks
--------------------------------------------------------------
Ukrainian News Agency reports that the Deposit Guarantee Fund has
received UAH3.6 billion from insolvent banks in 2015.

In particular, as of Nov. 11, the Fund received UAH1.8 billion
from banks in the period of liquidation, including UAH1 billion
in October and November, Ukrainian News discloses.

The biggest sums were repaid in October and November by
BrokBusinessBank, Aktabank, Bank Forum, BG Bank, Nadra Bank,
Kyivska Rus Bank and Zlatobank, Ukrainian News notes.

Moreover, during provisional administrations UAH1.8 billion was
returned to the Fund including UAH1.6 billion from Delta Bank,
Ukrainian News says.

According to Ukrainian News, as of Nov. 11, the Fund has paid
UAH43 billion compensations to depositors of insolvent banks,
including UAH9.8 billion in October and November.

Most of others received compensations depositors of Delta Bank,
Financial Initiative Bank and Finance and Credit Bank, Ukrainian
News states.


UKRAINE: PM Balks at Russia's Debt Restructuring Proposal
---------------------------------------------------------
Anna Dolgov at The Moscow Times reports that Ukrainian Prime
Minister Arseniy Yatsenyuk has rejected Russia's restructuring
proposal for the repayment of Kiev's eurobond debt, and said the
"aggressor state" should accept the same terms as other
bondholders.

Mr. Yatsenyuk, as cited by The Moscow Times, said in an interview
on Nov. 19 with Ukraine's First National television network the
"basic conditions" that must be included in any debt
restructuring plan include a 20% reduction on the face value of
the loan and a four-year average maturity extension.

He also threatened a moratorium on repaying the US$3 billion debt
to Russia, unless Moscow agreed to those terms, The Moscow Times
relays, citing media reports.  He referred to Russia as the
"aggressor state", The Moscow Times notes.

Russian President Vladimir Putin proposed last week that Ukraine
pay down its eurobond debt in installments of US$1 billion,
starting in 2016, The Moscow Times recounts.

The proposal was an easing of Moscow's previous demand that
Ukraine repay the loan in full by the end of this year, The
Moscow Times says.


UKRAINE: Moody's Hikes Issuer Rating to Caa3, Outlook Stable
------------------------------------------------------------
Moody's Investors Service upgraded Ukraine's government issuer
rating to Caa3 from Ca. The rating outlook was changed to stable
from negative. The nine new bonds created in Ukraine's debt
exchange operation were rated Caa3, and the ratings of the 13
bonds they replaced -- including the three bonds issued by a
government-guaranteed entity called Financing of Infrastructural
Projects (Fininpro) in 2011 -- were withdrawn. The issuer rating
of Fininpro was also raised to Caa3 from Ca, in line with the
government's rating.

The decision to upgrade the sovereign rating of Ukraine's
government to Caa3 is based on the following key drivers:

1. Settlement of the restructuring of USD15 billion in privately-
   held Eurobonds issued or guaranteed by the government, which
   eases Ukraine's debt-service requirements and strengthens the
   country's external liquidity; and

2. Progress in political and economic reform under the auspices
of
   the IMF-led program, supporting a rebalancing of the economy
   and a meaningful reduction in public and external financial
   deficits.

Moody's decision to assign a stable outlook on the government's
Caa3 issuer rating reflects the current balance of risks, taking
into account both the stronger external position -- including an
easing of debt service requirements in the coming years -- and
continuing multilateral/bilateral financial support, against a
still highly fragile political and economic situation. Also,
increased compliance with the Minsk Peace Protocol since
September appears to have diminished the risk of a renewed
escalation of the military conflict in the eastern regions of the
country.

The rating agency adds however that implementation risks under
the IMF Extended Fund Facility (EFF), which is the fundamental
framework behind the roughly USD25 billion in official financial
support being provided to Ukraine, remain significant given the
challenging environment and are therefore an important constraint
on the rating.

Concurrently, Moody's affirmed the Ca rating of the government's
USD3 billion bond scheduled to mature on 20 December, 2015. The
bond was not part of the debt exchange and therefore entails a
higher level of risk than the new bonds just issued because
Ukrainian officials have stated that this bond will not be paid
on the due date.

In a related move, Moody's raised the country ceiling for foreign
currency bonds to Caa2 from Caa3, whereas the country ceiling for
foreign currency deposits was left unchanged at Ca. The country
ceilings for local currency debt and deposits were also left
unchanged at Caa2. Country ceilings generally determine the
highest rating that can be assigned to obligations of an issuer
resident within a given country.

RATINGS RATIONALE

Restructuring improves Ukraine's debt-service requirements and
external liquidity

The first rating driver relates to the restructuring of the
majority of the Ukrainian government's direct and guaranteed
Eurobonds. The restructuring avoided a disorderly succession of
defaults on those bonds, which would have had negative legal
repercussions and potentially impeded upcoming loan
disbursements, as well as likely closing off the possibility of
Ukraine returning to the international capital markets in the
foreseeable future.

The restructuring provides for a grace period on principal
payments that gives the government four years of debt service
relief during a time when it is undertaking critical structural
reforms.

Moody's also points out that loans and guarantees thus far
extended by international financial institutions and bilateral
lenders under the program have helped to increase the FX reserves
to USD13 billion, or closer to three months' import coverage,
after Ukraine's official foreign exchange reserves had dwindled
to only about one month's worth of import cover at the beginning
of the year. Meanwhile, the IMF and other lenders assume that the
postponement of Eurobond principal payments, about USD11.5
billion of which would have fallen due over the next four years,
will bolster reserves further over the period if the program is
implemented as planned.

Reform progress supports the reduction in public and external
financial deficits

The second rating driver is based on Ukraine's recent reform
progress. Moody's says Ukraine's IMF program represents a
comprehensive package of fiscal, financial and structural
reforms, a number of which have already been legislated and
implemented. Together with the strengthening of the external
position, the program aims to stabilize the budget position and
reduce and eventually eliminate the various contingent
liabilities that affect debt sustainability.

With respect to the fiscal reforms, Moody's notes that reducing
the longstanding use of government funds to cover the deficits of
Naftogaz, the state-owned monopoly gas company, was an essential
first step in the fiscal reform process. Gas and fuel tariffs
were increased by up to 285% in April, which together with
greater diversity in gas supply has nearly halved the company's
operating deficit from 5.6% of GDP last year. Additional fiscal
consolidation measures relate to strengthening revenue
administration; spending restraint, such as through tighter
procurement rules; and the streamlining of the public sector
through privatizations and/or reorganizations of state-owned
enterprises (SOEs). The shift to a floating exchange rate
improves policy flexibility and helped correct macro imbalances.

Moody's says that financial sector reforms are deeply intertwined
with the government's anti-corruption and anti-money laundering
efforts. Progress in this area has been well-received by both
official lenders, as evidenced by comments made in the European
Bank for Reconstruction and Development's recent Regional
Economic Prospects. The World Bank and other lenders are
extending funds and technical expertise in support of this
effort. Still, the banks themselves remain fragile due to
extremely weak asset quality, dependence on wholesale funding and
poor capital adequacy. Structural reforms of the judiciary are
key to the financial sector clean-up as is the comprehensive
implementation of SOE restructuring.

In addition to stronger foreign exchange reserves, Moody's says
that Ukraine's current account position has also reduced the
external refinancing risks for the government. Following the
global financial crisis, in the context of an overvalued exchange
rate as well as falling metals prices and the outbreak of the
military conflict, Ukraine ran large structural deficits in its
current account of the balance of payments. In the second quarter
of 2015, as a consequence of the more competitive exchange rate
and the deep economic slump, the current account moved into
surplus (1.28% of GDP) -- the first such time since the second
quarter of 2010 -- albeit driven in large part by a 39.2% decline
in imports over the first half of 2015.

Moody's also says that the current account has remained in
surplus, on a monthly basis, since June 2015, with the cumulative
balance for the first three quarters of 2015 at essentially zero.
Owing to a tendency to run large current account deficits in the
fourth quarter, the rating agency nonetheless expects that the
current account will register a deficit equivalent to 1.5% of GDP
for the full year and move into near balance in 2016. This
rebalancing represents a considerable improvement over deficits
of 5.3% and 16.5% in 2014 and 2013, respectively.

Finally, Moody's reiterates that Ukraine is faced with multiple
domestic and external challenges that constrain the rating in
spite of the progress accomplished thus far. Past governments had
a poor track record of implementing planned reforms, as
exemplified by multiple unfinished IMF programs just in the past
decade. Although clear progress was made on meeting the initial
requirements of the current IMF program and the authorities are
exceptionally determined to succeed, the political environment
remains highly fractured after last year's political upheaval and
the economy is only now beginning to recover from a deep
recession, after an estimated cumulative contraction of nearly
20% in real GDP in 2014-15. A controversy over different
approaches for the 2016 budget to tax reform proposed by the
parliament and the government is reflective of the domestic
political fissures, which has slowed the completion of the second
IMF quarterly review. We anticipate that such differences of
opinion and associated delays in disbursements will be frequent
occurrences over the next four years even in the likely case that
this program continues.

Rationale for the Stable Outlook on the Caa3 Government Bond
Rating

Moody's says the stable outlook on the government's Caa3 rating
reflects the current balance of risks, taking into account a
stronger external position, including an easing of debt service
requirements plus continuing multilateral/bilateral support,
against a still highly fragile political and economic situation.
The upside risks include the potential for an economic recovery
that is stronger than anticipated and a stabilization, or
potentially an improvement, of Ukraine's fiscal strength during
the IMF program period, and an increased compliance with the
Minsk Peace Protocol and reduced violence in the Kiev
government's confrontation with pro-Russian separatists in the
eastern regions of the country. However, these upside
possibilities are balanced by downside risk factors, including a
still-heavy debt burden and substantial dependence on bilateral
and multilateral lenders for the next four years and probably
longer; and the risk of a renewed escalation of the military
conflict in eastern Ukraine and continued instability of domestic
politics.

What Could Change the Rating -- Up/Down

Upward pressure on Ukraine's rating and/or outlook would derive
from a more robust economic recovery than the weak, roughly 2%
per annum growth that we anticipate. An upgrade would likely
require additional factors to be in place, including a positive
policy track record of structural reforms, successful
implementation of anti-corruption measures and positive debt
dynamics.

Downward pressure could result from extensive delays or
termination of the IMF program, preventing an economic or
investment recovery, imperil the country's external liquidity
position and cause the public finance position to deteriorate
instead of improve, such that debt affordability is further
impaired.

Rationale for Affirming the Ca Rating on the Eurobond Maturing in
December 2015

Moody's affirmation of the Ca rating of the government's USD3
billion bond owed to Russia, which is scheduled to mature on 20
December, 2015 reflects the intention of the Ukraine government
not to pay this bond in December and not to restructure it on
terms more favorable than the debt tendered in last week's
exchange. The documentation of the new bonds states that Ukraine
cannot provide better terms to the holders of the December 2015
bond than to the other bondholders who participated in the 12
November 2015 exchange experienced.

Moody's pointed out that Ukraine is current on this bond now
after making the required interest payment in June 2015, but the
Ca rating is based on the possibility that no agreement will be
reached on its restructuring prior to the maturity date. As such,
the Ca rating reflects the increased default risk of this bond
and differentiates it from the rest. The Russian government
refused to undertake negotiations to restructure the bond,
although more recently it has softened this position somewhat.
The rationale for leaving the rating at Ca is Moody's expectation
that a restructuring will eventually be agreed but potentially
with losses higher than the other bonds that were exchanged,
should the delay in reaching such a settlement be extended.

Upgrades:

Issuer: Ukraine

-- Country Ceiling Rating, Upgraded to Caa2 from Caa3

-- Issuer: Ukraine, Government of

-- Issuer Rating (Foreign Currency), Upgraded to Caa3 from Ca

-- Issuer Rating (Local Currency), Upgraded to Caa3 from Ca

-- Issuer: Financing of Infrastructural Projects

-- Issuer Rating (Foreign Currency), Upgraded to Caa3 from Ca

Assignments:

Issuer: Ukraine, Government of

-- Senior Unsecured Regular Bond/Debenture (Foreign Currency)
due
    Sep 1, 2019, Assigned Caa3

-- Senior Unsecured Regular Bond/Debenture (Foreign Currency)
due
    Sep 1, 2020, Assigned Caa3

-- Senior Unsecured Regular Bond/Debenture (Foreign Currency)
due
    Sep 1, 2021, Assigned Caa3

-- Senior Unsecured Regular Bond/Debenture (Foreign Currency)
due
    Sep 1, 2022, Assigned Caa3

-- Senior Unsecured Regular Bond/Debenture (Foreign Currency)
due
    Sep 1, 2023, Assigned Caa3

-- Senior Unsecured Regular Bond/Debenture (Foreign Currency)
due
    Sep 1, 2024, Assigned Caa3

-- Senior Unsecured Regular Bond/Debenture (Foreign Currency)
due
    Sep 1, 2025, Assigned Caa3

-- Senior Unsecured Regular Bond/Debenture (Foreign Currency)
due
    Sep 1, 2026, Assigned Caa3

-- Senior Unsecured Regular Bond/Debenture (Foreign Currency)
due
    Sep 1, 2027, Assigned Caa3

Outlook Actions:

Issuer: Ukraine, Government of

-- Outlook, Changed To Stable From Negative

Issuer: Financing of Infrastructural Projects

-- Outlook, Changed To Stable From Negative

Affirmations:

Issuer: Ukraine, Government of

-- Senior Unsecured Regular Bond/Debenture (Foreign Currency)
    Dec 20, 2015, Affirmed Ca

Withdrawals:

Issuer: Ukraine, Government of

-- Senior Unsecured Regular Bond/Debenture (Foreign Currency)
due
    Sep 23, 2015, Withdrawn, previously rated Ca

-- Senior Unsecured Regular Bond/Debenture (Foreign Currency)
due
    Nov 13, 2015, Withdrawn, previously rated Ca

-- Senior Unsecured Regular Bond/Debenture (Foreign Currency)
due
    Jul 24, 2017, Withdrawn, previously rated Ca

-- Senior Unsecured Regular Bond/Debenture (Foreign Currency)
due
    Sep 23, 2020, Withdrawn, previously rated Ca

-- Senior Unsecured Regular Bond/Debenture (Foreign Currency)
due
    Feb 23, 2021, Withdrawn, previously rated Ca

-- Senior Unsecured Regular Bond/Debenture (Foreign Currency)
due
    Nov 21, 2016, Withdrawn, previously rated Ca

-- Senior Unsecured Regular Bond/Debenture (Foreign Currency)
due
    Apr 17, 2023, Withdrawn, previously rated Ca

-- Senior Unsecured Regular Bond/Debenture (Foreign Currency)
due
    Nov 14, 2017, Withdrawn, previously rated Ca

-- Senior Unsecured Regular Bond/Debenture (Foreign Currency)
due
    Jun 17, 2016, Withdrawn, previously rated Ca

-- Senior Unsecured Regular Bond/Debenture (Foreign Currency)
due
    Nov 28, 2022, Withdrawn, previously rated Ca

Issuer: Financing of Infrastructural Projects

-- Senior Unsecured Regular Bond/Debenture (Foreign Currency)
due
    Nov 3, 2017, Withdrawn, previously rated Ca

-- Senior Unsecured Regular Bond/Debenture (Foreign Currency)
due
    Apr 20, 2018, Withdrawn, previously rated Ca

-- Senior Unsecured Regular Bond/Debenture (Foreign Currency)
due
    Dec 7, 2017, Withdrawn, previously rated (P)Ca

GDP per capita (PPP basis, US$): 8,681 (2014 Actual) (also known
as Per Capita Income)

Real GDP growth (% change): -6.8% (2014 Actual) (also known as
GDP Growth)

Inflation Rate (CPI, % change Dec/Dec): 24.9% (2014 Actual)

Gen. Gov. Financial Balance/GDP: -4.5% (2014 Actual) (also known
as Fiscal Balance)

Current Account Balance/GDP: -4% (2014 Actual) (also known as
External Balance)

External debt/GDP: 95.8% (2014 Actual)

Level of economic development: Low level of economic resilience

Default history: At least one default event (on bonds and/or
loans) has been recorded since 1983.

On November 16, 2015, a rating committee was called to discuss
the rating of the Ukraine, Government of. The main points raised
during the discussion were: The issuer's fiscal or financial
strength, including its debt profile, has materially increased.
The issuer has become less susceptible to event risks. Other
views raised included: The issuer's economic fundamentals,
including its economic strength, have not materially changed. The
systemic risk in which the issuer operates has not materially
changed.



===========================
U N I T E D   K I N G D O M
===========================


ABENGOA SA: Moody's Lowers Corporate Family Rating to 'B3'
----------------------------------------------------------
Moody's Investors Service downgraded the corporate family rating
(CFR) of Abengoa S.A. (Abengoa), and the senior unsecured ratings
at Abengoa, Abengoa Finance, S.A.U. and Abengoa Greenfield, S.A.,
to B3 from B2. Concurrently, the probability of default rating
(PDR) of Abengoa is downgraded to B3-PD from B2-PD. The ratings
remain on review for further downgrade.

The rating downgrade was driven by a further deterioration of
Abengoa's liquidity situation in Q3 2015. A negative free cash
flow of EUR510 million led to a severe decline of immediately
available cash sources to EUR346 million which we consider to be
insufficient for the company. The sizeable cash outflow will
nearly completely eliminate the positive effect from the
contemplated rights issue of EUR620 million (net of fees), and
put additional pressure on Abengoa to seek alternative cash
sources, such as asset disposals and additional commitments from
its banks for the next couple of quarters.

RATINGS RATIONALE

Moody's has downgraded Abengoa's ratings to B3 from B2. While the
company continues to expect progress in the coming weeks on its
capital raising and asset disposal plans, progress to date has
been slower than we had expected. The weak third quarter results,
in particular the EUR510 million negative free cash flow, and
increased implementation risks around the capital raising, place
further stress on an already weak liquidity position, and stretch
leverage metrics which were also already weak. The company has
highlighted that the working capital outflow reflects some
facilities being placed on hold or standby, a negative sign when
the company is in critical negotiations with funders.

Moody's understands that the new Investment Agreement with
Gonvarri Corporacion Financiera (Gonvarri), announced on November
08th, is conditional on certain factors including the continued
effectiveness of the September underwriting agreement of some
banks to support the rights issue, and the signing of a
substantial package of financial support by a group of financial
institutions.

Of in total EUR2.5 billion cash on balance sheet per end of
September, only EUR346 million is actually immediately available.
With this limited cash balance, highly volatile cashflow
generation and continued uncertainty over the capital raising,
asset disposal and financing plans, there is an increased risk
that the company will not be able to cover its March 2016 debt
maturity, notwithstanding that its EUR375 million issuance in
April 2015 was raised to pre-fund the EUR500 million bonds
maturing. In the context of high short term debt maturities of in
total approximately EUR0.9 billion for the next two quarters we
believe Abengoa's liquidity profile is no longer commensurate
with a B2 rating.

Abengoa's financial leverage is very high, such as gross
corporate debt/EBITDA of 7.9x for 12-months to September 2015
(including non-recourse debt in process), are well above Moody's
expectations for the previous B2 credit rating.

Moody's notes the company's plan to raise EUR650 million of
equity, and a stand-by underwriting by a consortium of investment
banks was announced on September 24th. Furthermore, we note that
the company announced a framework agreement with Gonvarri, which
includes an injection of EUR250 million of equity plus an
expected subscription to the subsequent EUR400 million capital
increase (on a pro rata basis). This agreement with Gonvarri is,
as noted above, subject to certain conditions. On September 24th,
the company also announced a plan to sell EUR1.2 billion of
assets, which still needs to materialize, although Abengoa has
received various non-binding bids. The existing conditions on the
capital increase and the completion of the asset disposals, leave
meaningful execution risks in place.

The planned capital increase and asset disposals, if successful,
represent key steps towards executing the company's plan to
improve its liquidity position and reduce corporate leverage. A
failure of the measures could result in a further downgrade from
the current B3 rating, hence the continued review for downgrade
of Abengoa's ratings. Moody's believes that even after the
successful rights issue and initial success of its asset disposal
program, Abengoa's liquidity may remain tight, driven by high
debt maturities and a highly volatile cash flow pattern. In
addition, Abengoa will have to adjust its business model driven
by its self-imposed limitation on investments in new concessions,
and the disposal of Abengoa Yield PLC. A higher rating therefore
would require the establishment of a track record of positive
performance under the new business model, including the
consistent generation of positive free cash flows, in addition to
the contemplated rights issue and asset disposals.

WHAT COULD CHANGE THE RATING UP/DOWN

A failure, deviation or delay of the contemplated capital
increase or asset disposals in terms of size, timing,
documentation, or additional substantial negative operating cash
flow would likely result in a rating downgrade.

Given the review for downgrade, there is currently limited upward
pressure for the rating. We could upgrade the ratings if Abengoa
improved and maintained a solid liquidity profile. An upgrade
would also require sustainable positive FCF generation at the
corporate level and deleveraging, both at the corporate and
consolidated level, for instance with a gross recourse
debt/EBITDA ratio of comfortably and sustainably below 7.0x. In
addition, upward rating pressure would require a sustained order
backlog with reduced dependency on concession projects and a
successful shift within the order backlog towards equity-light
turn-key projects.


ACISION BV: S&P Maintains 'B' CCR on CreditWatch Positive
---------------------------------------------------------
Standard & Poor's Ratings Services said that it maintained on
CreditWatch with positive implications its 'B' corporate credit
rating on U.K.-based software firm Acision B.V., where it was
originally placed on Aug. 24, 2015.

The ongoing CreditWatch placement follows S&P's initial review of
Acision's strategic importance to, and operational integration
with, Comverse Ltd. following the acquisition by Xura Inc.
Nevertheless, S&P has not yet formed a final view on the combined
group's business prospects, medium-term margin profile, and
capital structure.

S&P now assesses Acision as a "core" entity within the Xura
group. This primarily reflects:

   -- The ongoing operational merger between the two key group
      subsidiaries, Comverse and Acision.

   -- S&P's view that Acision is unlikely to be sold as it was
      acquired for strategic purposes and will be fully
      integrated into the group.

   -- The meaningful proportion of group revenues that it
      generates (about 43% of group revenues in the first half of
      2015), including, importantly, the key growth products.

   -- The strong commitment from the group's management, and
      S&P's expectations of common treasury operations in the
      near to medium term.  The fact that Acision now operates
      under the group brand name, Xura, and therefore is closely
      linked to the group's reputation.

As a result, S&P views Acision's credit quality as equal to its
assessment of the group credit profile (GCP) on Xura Inc., which
S&P assess at 'b'.

The GCP on Xura primarily reflects S&P's current view of its
"weak" business risk profile and "aggressive" financial risk
profile, as well as the group's ongoing decline in core legacy
revenues and weak cash flow generation.  It also reflects S&P's
current view of relative uncertainty around the group's medium-
term revenue and margin prospects compared with its main rating
peers.

Acision was acquired by Comverse in August 2015, and has since
gone through an operational merger process including the
consolidation of management teams and headquarters, and a
rebranding of the group under one brand, Xura.

S&P's current business risk profile assessment incorporates the
Xura group's strong position in the carrier messaging market as
it caters for most of the tier one carriers, its narrow product
offering as most of the company's products are related to mobile
messaging services, and strong revenue pressures on the legacy
messaging infrastructure products, as well as exposure to
spending in the telecoms sector -- all of which have led to
ongoing restructuring charges, constraining the group's
profitability.

S&P aims to resolve the CreditWatch within the next three months,
upon review of the combined company's business plan, including
the detailed cost synergies and restructuring plans for the
group, revenue prospects, and review of the group's medium-term
financial policies, including expected cash maintenance,
shareholder distributions, and merger and acquisition strategy.

S&P could raise its long-term rating on Acision by one notch if:

   -- S&P sees continued improvement in the combined group's
      revenue trend and profitability, supporting S&P's current
      business risk profile assessment.

   -- S&P assess, based on the group's long-term business plan,
      that cash burn is likely to substantially decline in 2016,
      with prospects of positive free cash flow generation
      thereafter.

   -- S&P assess liquidity as "strong" following the company's
      anticipated capital structure review.

S&P could affirm the rating if it sees no continued improvement
in operating performance, which would likely result in a lower
business risk profile and potentially meaningful ongoing cash
burn.


BESTWAY UK: S&P Revises Outlook to Negative & Affirms 'B+' CCR
--------------------------------------------------------------
Standard & Poor's Ratings Services revised to negative from
stable its outlook on Bestway UK Holdco Ltd., the parent company
of U.K.-based food wholesale and pharmacy subsidiaries of Bestway
Group. At the same time, S&P affirmed its 'B+' long-term
corporate credit rating on the company.

S&P has also affirmed the 'BB-' long-term rating on Bestway UK's
GBP725 million senior secured facilities.  The recovery rating on
this debt remains '2', indicating S&P's expectation of
substantial (70%-90%) recovery for senior secured creditors in
the event of a default.  S&P expects recovery to be in the higher
half of this range.

The outlook revision primarily reflects Bestway UK's operational
performance during fiscal 2015 (ended June 30, 2015), which was
below S&P's expectations.  In particular the wholesale business
saw negative revenue growth in a challenging market, and total
adjusted EBITDA (including our operating lease adjustment) was
below the GBP150 million-GBP155 million range S&P estimated in
its base case.  In addition, S&P now expects free operating cash
flow (FOCF) to materially weaken in fiscal 2016, although to
remain positive (excluding acquisition spending in the pharmacy
business, which S&P understands is considered to be
discretionary).

The outlook revision also reflects S&P's expectation that Bestway
UK's liquidity will weaken as a result of headroom under the
group's financial covenants tightening to less than 15% by fiscal
year-end 2016 (ending June 30, 2016), if the company's operating
performance doesn't improve.  Although S&P expects covenant
headroom to be in the 10%-15% range, which is below "adequate"
level under S&P's criteria, it maintains its assessment of the
group's liquidity as "adequate," as S&P believes that the company
will maintain its good relationships with banks, and that it will
be able to absorb high-impact, low-probability events with
limited need for refinancing.  In S&P's opinion, liquidity is
supported by the flexibility to lower capital spending if needed.
In addition, if liquidity comes under pressure, S&P expects the
company would continue to receive support from the overseas
subsidiaries of Bestway (Holdings) Ltd. (Bestway Group) in the
form of dividends.

"We continue to assess Bestway UK's business risk profile as
"fair," although at the lower end of the range, following the
weakening of performance of the wholesale business.  Our
assessment reflects the group's well-established positions in
both the U.K. food wholesale and pharmacy markets and the group's
relatively low cyclicality of earnings in both of its main end
markets.  Likewise, we consider the barriers to entry posed by
the restricted issue of new pharmacy licenses in the U.K. as an
important business strength.  At the same time, our business risk
assessment is tempered by what we consider to be the highly
competitive nature of both the food wholesale and pharmacy
markets and the group's exposure to government funding and
regulatory risks in the pharmacy business.  What's more, we see
geographical concentration of earnings in the U.K. as another
limiting factor. Also, we view the profitability of the combined
group (the pharmacy and the wholesale business) as "lower than
average" when compared with rated peers in the wider retail
sector," S&P said.

"We assess the financial risk profile of Bestway UK as
"aggressive."  We expect that some of Standard & Poor's adjusted
credit metrics for Bestway UK will remain in this category in
2016-2017.  However, we forecast a gradual decline of absolute
debt over the next one to two years as a result of the mandatory
repayments under term loan A.  Under our base-case scenario, we
estimate that Bestway UK will post a Standard & Poor's-adjusted
debt-to-EBITDA ratio of about 4.0x-4.5x and funds from operations
(FFO) to adjusted debt will be about 15% in fiscal 2016," S&P
noted.

S&P forecasts Bestway UK will steadily achieve modest growth over
the medium term, thanks to some growth in the pharmacy segment
underpinned by acquisitions, and store relocations against the
backdrop of a weaker performance in the food retail segment,
which is currently facing high competition and food price
deflation. Earnings should also be supported by Bestway UK's
continuous cost-reduction efforts, implemented in order to
withstand pricing pressures that flow from Bestway UK's customers
and are inherent to its wholesale cash and carry operations.

The negative outlook reflects the possibility of a downgrade by
one notch if S&P believes that the group won't restore its
operating performance and cash flow generation, or if covenant
headroom doesn't improve to above 15% on a sustainable basis.
The latter would result in S&P's revision of liquidity to "less
than adequate" and a downward revision of the SACP to 'b+' from
'bb-'.

The rating could also come under pressure if S&P revises downward
its GCP assessment on Bestway UK.  This could occur if the
company's operating performance deteriorates, with adjusted
EBITDA falling below the GBP130 million-GBP135 million S&P
estimates in its base case, thereby impairing the performance of
the whole Bestway Group.  This could occur if Bestway UK fails to
offset slightly negative to flat trading in its wholesale
business with growth initiatives in the pharmacy segment and/or
if the group faces unfavorable regulatory changes.

S&P could also lower the ratings if it sees increased risks
within other parts of Bestway Group, particularly its banking
operations. This could happen if, for instance, S&P was to take a
negative rating action on Pakistan.  In that scenario, S&P would
examine the impact of the above mentioned factors on Bestway UK's
SACP, as well as the GCP.

"We would consider a revision of the outlook to stable if the
company restored covenant headroom to above 15% through a
sustainable improvement in earnings and cash flows.  An outlook
revision would also hinge on the company restoring its operating
performance and free cash flow generation and maintaining an
adjusted debt-to-EBITDA ratio of comfortably lower than 5x, an
FFO to debt well above 12%, and adjusted EBITDA interest coverage
sustainably above 3.5x.  We would also expect the company to
maintain a prudent financial policy, particularly with regards to
acquisitions in the pharmacy business, which we would expect to
remain discretionary and financed by dividend inflows from the
overseas subsidiaries," S&P said.


BRITISH AIRWAYS: Moody's Changes Outlook on Ba2 CFR to Positive
---------------------------------------------------------------
Moody's Investors Service changed to positive from stable the
outlook on British Airways, Plc's (BA) Ba2 corporate family
rating (CFR) and Ba2-PD probability of default rating.

"Our positive outlook on BA's ratings reflects the company's
strengthened competitive profile in the airline industry and our
expectation for further improvement in the company's operating
performance and credit metrics going into 2016," says Sven
Reinke, a Moody's Vice President - Senior Credit Officer and lead
analyst for BA.

Moody's has also changed to positive from stable the outlook on
BA's Ba3 senior unsecured notes; its Ba3 backed Industrial
Revenue Bonds issued through New York City Industrial Development
Agency, NY; British Airways Finance (Jersey) L.P.'s B1 preference
stock ratings; and the A2 and Baa2 Enhanced Equipment Trust
Certificate's (EETC) senior secured ratings issued by Speedbird
2013 Limited. Concurrently, Moody's affirmed all of the
aforementioned ratings.

RATINGS RATIONALE

-- OUTLOOK CHANGE TO POSITIVE FROM STABLE

Today's decision to change the outlook on BA's ratings to
positive from stable considers the potential for further
strengthening of BA's credit metrics on the back of its strong
performance during the first three quarters of 2015, such that
the company's financial profile could be supportive of a higher
rating in the coming 12 to 18 months.

BA's operating profit rose to GBP945 million during the first
nine months of 2015, up from GBP753 million for the same period
in 2014. Lower non-fuel costs and a reduction in BA's fuel costs,
more than offset revenue declines in the same period, resulting
in rising year-on-year profitability in each of the first three
quarters of FY 2015.

As a result, BA's Moody's-adjusted gross leverage improved to an
estimated 3.6x for the 12-month period through H1 2015, from 3.9x
at end-FY 2014. The ratio is close to Moody's guidance for gross
leverage to fall below 3.5x for potential upward rating pressure.

The rating agency also expects that BA could further improve on
its metrics for the first half of 2016 as a result of continued
benefits from (i) IAG synergies, (ii) structural changes to the
cost base that BA has undertaken, (iii) the seamless evolution
towards a more efficient fleet, and (iv) savings from lower fuel
prices.

Moody's expects that Brent fuel prices will remain fairly low
over the next few years and materially below the peak of around
USD110 per barrel seen prior to autumn 2014. Lower fuel costs
will further support BA's profitability going forward because a
large proportion of the fuel consumption for the first three
quarters of 2015 was hedged at relatively high levels.

Moody's also notes the continued improvement in the operating
performance of the other members of IAG, with Iberia, Vueling and
the recently acquired Aer Lingus expected to make positive
contributions to IAG's operating income in 2016. In this regard,
the turnaround at Iberia is positive for BA's ratings. Iberia
reported an operating profit of EUR196 million for the first
three quarters of FY 2015, compared with an operating profit
before exceptional items of EUR67 million for the same period in
2014. Additionally, Iberia's liquidity profile has improved
notably and the previous negative free cash flow has reversed.
While there are no cross guarantees between BA and IAG or any of
the other IAG members, the BA ratings have historically given
some consideration to the indirect links between the risk
profiles of the various airlines in the IAG group.

Nevertheless, Moody's notes that the increased debt level at IAG
following the acquisition of Aer Lingus could pose an ongoing
need for funds to be upstreamed from BA (and other subsidiaries)
to support parent debt service. For the time being, BA remains
IAG's most important subsidiary -- in the first three quarters of
2015, is contributed approximately 79% to IAG's operating profit,
reflecting the improving but still relatively low operating
profitability at Vueling and Iberia.

-- AFFIRMATION OF Ba2 RATING

The affirmation of BA's Ba2 CFR reflects its leading position at
London Heathrow and its membership of the Oneworld alliance
group, as well as its integration with Iberia, the Spanish low-
cost airline, Vueling Airlines, S.A. (not rated), and Aer Lingus
into IAG.

In Moody's view, being part of the IAG group has contributed
substantially to the material improvement of BA's operating
performance in recent years driven by growth opportunities and
cost synergies. The most recent target that IAG has forecasted is
to achieve annual synergies with a cumulative net impact on EBIT
of EUR802 million by 2015, thereof around 2/3rd driven by higher
revenues and around 1/3rd due to cost savings. According to IAG,
the group already realised synergies of EUR633 million in 2014.
In Moody's view, BA will continue to benefit from IAG synergies
which will be further enhanced by the acquisition of Aer Lingus.

Moody's considers that BA has strong liquidity, with a balance of
cash and equivalents as of September 2015 of EUR3.6 billion, and
$1.75 billion of undrawn committed credit lines maturing in 2022
with no financial covenants. Against this, in H1 2015 the company
reported GBP542 million in short-term debt, most of which is in
the form of finance leases, and capex in FY 2014 of GBP1,494
million. Despite Moody's expectation of only modest capacity
growth at BA, capital spending will likely be above the level of
depreciation in coming years.

The positive outlook on the ratings of the company's enhanced
equipment trust certificates (EETCs) reflects the potential to
upgrade these instruments should Moody's upgrade BA's corporate
family rating, notwithstanding some pressure on the values of
Boeing B777 family of aircraft. Fourteen aircraft comprise the
collateral for BA's EETC; six Airbus A320s, six Boeing B787-8s
and two B777-300ERs. Moody's believes that each of the aircraft
models in the transaction will remain relevant to BA's network
over the remaining ten year term of the EETCs. The transaction is
also cross-defaulted and cross-collateralized. These features
make it less likely that BA would disaffirm any of these aircraft
under an unlikely insolvency scenario. Finally, the value of the
other 12 aircraft in the transaction should help mitigate
potential pressure from lower than originally expected values for
the B777-300ERs.

RATIONALE FOR POSITIVE OUTLOOK

The positive outlook on the ratings reflects Moody's view that BA
is strongly positioned in the Ba2 rating category. The outlook
also reflects Moody's expectation that BA will substantially
increase its profitability in 2015 and could further improve its
operating performance in 2016, supported by low fuel price
forecasts over the next 12-18 months.

What Could Change the Rating -- UP

Moody's notes that there could be positive rating pressure for BA
if the company were to sustain:

1) gross adjusted leverage below 3.5x, with strong liquidity;

2) reported operating margin of at least 8%, indicating
resilience
   to competitive pressures; and

3) consistent cashflow generation, enabling ongoing investments
in
   the renewal of the fleet and to support IAG's announced
   dividend payment.

Moody's will continue to assess the operating performance of
other IAG airline subsidiaries -- a further improvement of their
performance would support BA's ratings as debt and dividend
service within the IAG group would potentially be more equally
balanced amongst IAG's airline subsidiaries. In addition, any
potential upgrade would take into consideration IAG's debt
levels.

What Could Change the Rating - Down

Negative pressure could be exerted on BA's ratings if:

1) gross adjusted leverage rises sustainably above 4.0x;

2) reported operating profit margin falls sustainably below 8%;
   and

3) cashflow generation is not sufficient to cover investments in
   the ongoing renewal of the fleet and to support IAG's dividend
   payments.

In addition, a material increase in IAG's debt levels beyond the
additional debt assumed for the Aer Lingus acquisition, could put
negative pressure on BA's ratings.


CO-OPERATIVE BANK: Fitch Affirms 'B' IDR, Outlook Stable
--------------------------------------------------------
Fitch Ratings has revised The Co-operative Bank Plc's Outlook to
Stable from Negative.  Its Long- and Short-term Issuer Default
Ratings have been affirmed at 'B' and its Viability Rating at
'b'.

The Outlook revision reflects the progress the bank has made in
deleveraging its non-core book and the consequent reduction in
its tail risk.  It also reflects Fitch's expectation that a
greater degree of stability will be seen in the bank's management
and in the implementation of the bank's stated strategy.

KEY RATING DRIVERS

IDRS, VR AND SENIOR DEBT

The IDRs and senior debt ratings are driven by Co-op Bank's
standalone credit profile as reflected in the VR.  They reflect
Fitch's expectation that the bank will continue to report
operating losses for at least the next two years and the
continued pressure such losses will have on the bank's capital.
The pressure is exacerbated by structural and operational
challenges it faces in the execution of its turnaround strategy.
While measures have been undertaken to improve its risk controls,
they remain weak and Fitch believes that they will not become
commensurate with the bank's risk profile until investments in IT
systems are completed.

Co-op Bank is forecasting losses for at least 2015 and 2016,
based on the level of investment required in its IT
infrastructure and the continued unwind of fair value adjustments
associated with its merger with Britannia Building Society in
2009.  Fitch believes that losses are likely to continue beyond
2016 and may be exacerbated by potential further conduct risk
charges and lower income streams, as the balance sheet shrinks.
A focus on cost reduction will be an important element in
returning the bank to profitability given the pressure on revenue
from a low-yielding legacy book and a focus on building up
secured retail loans, where yields are traditionally low.

Asset quality is weak but improved in 2015, both as a result of
the progress made in the deleveraging of the non-core book and
benign economic conditions.  Fitch expects the bank to continue
to deleverage, albeit at a slower pace, which should further
improve the performance of the overall book.  Currently Co-op
Bank's loan book includes a high proportion of poorly performing
and non-core residential (prime and adverse) and buy-to-let
mortgage loans, as well as corporate loans backed by commercial
real estate.  These loans suffer from a combination of high
arrears, low yields, and weak reserve coverage.

Fitch's views capitalization as weak given that it still faces
significant structural and operational risks.  Challenges include
the further deleveraging, the development of its retail and SME
franchise, the continuing investment in significantly
underdeveloped IT systems, the required continued improvements in
risk controls, and significantly improving cost efficiency.  In
addition, the quality and structure of the loan book makes the
bank's capitalization vulnerable to a weakening of the UK's real
estate prices and to changes in interest rates, both of which are
significant risks in the highly indebted UK household sector,
despite the current favorable environment.

The bank's senior debt is rated in line with its IDR, reflecting
Fitch's expectations of average recovery prospects for senior
debt holders in the event of default and/or resolution given its
current balance sheet structure with a fairly thin layer of
subordinated debt and significant reduction in risk-weighted
assets.  This is reflected in a Recovery Rating of 'RR4' which is
affirmed today.

SUPPORT RATING AND SUPPORT RATING FLOOR

The bank's Support Rating of '5' and Support Rating Floor of 'No
Floor' have been affirmed and reflect Fitch's opinion that
support cannot be relied upon, given the bank's low systemic
importance.

RATING SENSITIVITIES

IDRS, VR AND SENIOR DEBT

The Stable Outlook indicates that Fitch do not expect to take
negative or positive rating action over the next 12 to 18 months.
However, a rating downgrade could be triggered by larger-than-
expected one-off losses and a continued erosion of capital,
without an improvement in the profitability of the core
franchise, or materially higher-than-budgeted investment needs.
Ratings could also be downgraded if the bank is unable to re-
launch its core business effectively.

Positive rating action is unlikely until the bank improves
underlying profitability and capital generation, and risk control
measures strengthen further.

Senior debt is also sensitive to our assessment of recoveries
that the bank's senior debt holders could expect in the case of
default.

SUPPORT RATING AND SUPPORT RATING FLOOR

Fitch does not expect any change to Support Rating and Support
Rating Floor.]

The rating actions are:

  Long-term IDR affirmed at 'B'; Outlook revised to Stable from
   Negative
  Short-term IDR affirmed at 'B'
  Viability Rating affirmed at 'b'
  Support Rating affirmed at '5'
  Support Rating Floor affirmed at 'No Floor'
  Senior unsecured notes' Long-term rating affirmed at 'B'/'RR4'
  Senior unsecured notes' Short-term rating affirmed at 'B'


DECO 8 - UK: Fitch Lowers Rating on Class A2 Notes to 'CCsf'
------------------------------------------------------------
Fitch Ratings has downgraded DECO 8 - UK Conduit 2 plc's (DECO 8)
class A2-D floating rate notes and affirmed the others as:

  GBP61.5 mil. class A1 (XS0251885603) due April 2018 affirmed at
   'AAsf'; Outlook Stable

  GBP255.8 mil. class A2 (XS0251886163) due April 2018 downgraded
   to 'CCsf' from 'CCCsf'; Recovery Estimate (RE) 80%

  GBP32.3 mil. class B (XS0251886833) due 2036 downgraded to
   'CCsf' from 'CCCsf'; RE 0%

  GBP33.9 mil. class C (XS0251887211) due 2036 downgraded to
   'Csf' from 'CCsf'; RE0%

  GBP23.4 mil. class D (XS0251887724) due 2036 downgraded to
   'Csf' from 'CCsf'; RE0%

  GBP60.9 mil. class E (XS0251889696) due 2036 affirmed at 'Csf';
   RE0%

  GBP14.2 mil. class F (XS0251890199) due 2036 affirmed at 'Csf';
   RE0%

  GBP2.7 mil. class G (XS0251890868) due 2036 affirmed at 'Dsf';
   RE0%

DECO 8 was originally a securitization of 22 UK commercial
mortgage loans originated by Deutsche Bank.  As of end-October
2015, eight loans remained, all in special servicing (all except
Fairhold with Solutus Advisors).  Of the 14 repaid loans, two
were redeemed at a loss.

KEY RATING DRIVERS

The downgrades reflect the inevitable loss allocation following
the proposed resolution of the Lea Valley loan.  While wiping out
the balance of the class C and D notes, the scale of the likely
loan loss also weakens the credit quality of the class B and A2
notes, both of which are expected to default.  The class A2 notes
are due in April 2018, and the high loss severity from the Lea
Valley loan makes redemption more reliant on the resolution of
both the Mapeley and Fairhold loans being adequate and prompt.
The class A1 notes will be repaid in full from the Lea Valley
proceeds, underpinning the affirmation of this class.

The GBP210.5 million Lea Valley loan entered special servicing in
April once the borrower indicated it would shortly be in
financial difficulty owing to the poor condition of the
collateral and adverse prospects for net rental income and value.
This, including a reported loan-to-value (LTV) above 200%, was
communicated to investors.  The borrower's discounted pay offer
of GBP90 million, being marginally above the current valuation
and reducing execution risk, was accepted by the special servicer
after polling investors.  Net proceeds of GBP88 million are
expected to be applied to the notes in January 2016 or soon
thereafter, representing a major write-off of GBP122.5 million.

The GBP189.2 million Mapeley II loan remains in special servicing
as a result of an uncured LTV covenant breach.  None of the 16
underlying assets has been sold to date, with the expectation
that the expiry of the swap at loan maturity in April 2016 should
maximize recoveries.  Fitch assumes a moderate loss, given the
reported LTV of 99% based on a 2015 valuation and allowing for
typical costs.  However, should sale proceeds exceed the
valuations (particularly for the largest asset, the Microsoft
campus in Reading), full redemption remains possible.

The GBP60 million Fairhold loan has been in special servicing
since its default on maturity in 2013. The special servicer is
discussing possible exit strategies with the borrower.  The
existence of a long-dated issuer swap (maturing days before the
maturity of the junior classes of notes in 2036) represents
significant senior ranking leverage, and creates uncertainty in
estimating workout timing despite the long-term low-risk ground
rental income stream underpinning the loan.

The five smaller loans (GB15.2 million Rowan UK Commercial
Property, GBP4.7 million Elbank, GBP3.7 MPH (UK), GBP0.6 million
Swiftgold and GBP1.9 million Braeside) are in various stages of
drawn-out special servicing.  The length of workout -- averaging
4.3 years - is long for UK loans.  All loans are highly leveraged
and expected to suffer significant losses.

RATING SENSITIVITIES

Recoveries on Mapeley II exceeding Fitch's expectations may
result in the revision of the recovery estimate for the class A2
notes.

DUE DILIGENCE USAGE

No third party due diligence was provided or reviewed in relation
to this rating action.

DATA ADEQUACY

Fitch has checked the consistency and plausibility of the
information it has received about the performance of the asset
pool and the transaction.  There were no findings that were
material to this analysis.  Fitch has not reviewed the results of
any third party assessment of the asset portfolio information or
conducted a review of origination files as part of its ongoing
monitoring.

Fitch did not undertake a review of the information provided
about the underlying asset pool ahead of the transaction's
initial closing.  The subsequent performance of the transaction
over the years is consistent with the agency's expectations given
the operating environment and Fitch is therefore satisfied that
the asset pool information relied upon for its initial rating
analysis was adequately reliable.

Overall, Fitch's assessment of the information relied upon for
the agency's rating analysis according to its applicable rating
methodologies indicates that it is adequately reliable.


EXIMGARANT OF BELARUS: Fitch Affirms 'B-' IFSR, Outlook Stable
--------------------------------------------------------------
Fitch Ratings has affirmed Export-Import Insurance Company of the
Republic of Belarus's (Eximgarant) Insurer Financial Strength
rating at 'B-'.  The Outlook is Stable.

KEY RATING DRIVERS

The rating reflects Eximgarant's 100% state ownership and
presence of guarantees from the state for insurance liabilities
under compulsory lines and export insurance, the insurer's strong
market presence, including its monopoly position as the
Belarusian export credit agency (ECA), and its fairly strong
capital position.  The rating also takes into account the fairly
low quality of the insurer's investment portfolio and the
significant amount of surety issued in relation to domestic
financial risks.

The Belarusian state has established strong support for
Eximgarant in the legal framework with the aim of developing an
export insurance system.  The state's propensity to support the
company has been demonstrated by the government guarantee on
export insurance risks, significant capital injections in
previous years and the explicit inclusion of Eximgarant's
potential capital needs in Belarus's budgetary system.

Fitch assesses Eximgarant's risk-adjusted capital adequacy as
reasonable for the rating.  The insurer maintains an
exceptionally strong nominal level of capital relative to its
current business volumes, with the Solvency I-like statutory
ratio at 62x at end-6M15.  However, Fitch does not consider that
Eximgarant's economic capital adequacy is as strong as the
statutory solvency ratio implies since the regulator's formula
does not take asset risk into account.

In Fitch's view, Eximgarant's investment portfolio is of fairly
low quality.  This reflects the credit quality of local
investment instruments, constrained by sovereign risks, and the
presence of significant issuer concentration.  However,
Eximgarant's ability to achieve better diversification is limited
by the narrow local investment market and strict regulation of
the insurer's investment policy.

Eximgarant has been demonstrating profitable operating
performance over the last five years, although net profit dropped
to BYR9bn in 2014 from BYR79 billion in 2013, due to a negative
underwriting result. In 8M15 net profit reached an exceptionally
strong BYR144 billion, due to restored underwriting profit,
stable investment income and significant FX gains following the
Belarusian rouble depreciation.

Eximgarant's export risk portfolio has been steadily maturing, as
insurance coverage of Belarusian exports reached 3% in 8M15,
although it remains undiversified by geography and industry.
Positively, the insurer has taken a cautious approach to
concentration by credit counterparties.  Eximgarant also manages
a portfolio of a shorter-term structure than other public ECAs
generally focusing on medium- and long-term risks.

Insurance of domestic financial risks remained one of the key
lines in Eximgarant's portfolio, with a weight of 19% in 2014.
However, Fitch notes the non-core nature of these risks either
for a traditional non-life insurer or an ECA, absence of local
government guarantees for these risks, the significant use of the
insurer's capacity, and concentrated reinsurance protection.

RATING SENSITIVITIES

Changes in Fitch's view of the financial condition of the
Republic of Belarus or any significant change in Eximgarant's
relationship with the government would likely have a direct
impact on the insurer's ratings.


LONMIN PLC: Shareholders Back Deeply Discounted Rights Issue
------------------------------------------------------------
James Wilson at The Financial Times reports that Lonmin's
shareholders have approved its deeply discounted rights issue,
paving the way for the platinum miner to raise more than US$400
million and stave off financial collapse.

The miner, the FT says, is struggling for profitability amid a
sharp decline in platinum prices and had warned that banks'
willingness to refinance their lending to the company depended
upon the equity issue going ahead.

Lonmin's shares have declined more than 90% this year, the FT
relays.  In the capital raising, the company is offering
investors rights to buy 46 new shares for each share they hold,
at a 94% discount to the stock price that prevailed when the
proposals were announced, the FT discloses.

The rights issue is expected to raise US$369 million for Lonmin
after US$38 million of fees to banks, including fees for amending
the company's US$360 million banking facility, which was due to
expire next year, the FT states.  About half of the proceeds will
be used to cut Lonmin's net debt of $185 million, the FT notes.
Part of the remainder will fund some of the company's capital
expenditure and redundancy costs for about 6,000 workers in its
30,000 workforce, according to the FT.

Lonmin Plc -- http://www.lonmin.com-- is a United Kingdom-based
producer of Platinum Group Metals. Lonmin mines, refines and
markets platinum group metals (PGMS) -- platinum, palladium,
rhodium, iridium, ruthenium and gold.  The Company has productive
operations in South Africa and Canada.  The Company's resources
and operations include: Marikana operations, the Company's
flagship operation; Pandora operations, a joint venture in which
it has a 42.5% interest; Marikana Smelters and Base Metal
Refinery and Brakpan Precious Metal Refinery which has capacity
to process and refine production, offering the potential to smelt
and refine third party and recycling material; Limpopo project,
formerly an operational mine; Akanani project; Canadian projects,
joint ventures with Vale and Wallbridge exploring PGM
mineralisation in the Sudbury Basin in Ontario, and Northern
Ireland project which is an early stage exploration opportunity.


OIC RUN-OFF LIMITED: Seeks Joint Administration of Cases
--------------------------------------------------------
OIC Run-Off Limited and The London and Overseas Insurance Company
Limited ask the Bankruptcy Court to direct the joint
administration of their cases under Lead Case No. 15-13054.

Rule 1015(b) of the Federal Rules of Bankruptcy Procedure
provides, in relevant part, that if "two or more petitions are
pending in the same court by or against . . . a debtor and an
affiliate, the court may order a joint administration of the
estates."  The Companies assert they are "affiliates" within the
meaning of Section 101(2) of the Bankruptcy Code.

The Companies maintain that joint administration will be less
expensive and more efficient than the separate administration of
their cases because it will permit the Court to use a single
docket for both cases and to combine notices to Scheme Creditors
and other parties-in-interest of the Companies.

According to the Companies, the interests of creditors will not
be adversely affected because this motion requests only
administrative consolidation of the Chapter 15 cases.  All
creditors and other parties-in-interest will retain whatever
claims, interests, or other rights they have in or against each
Company and its estate.

                          About OIC Run-Off

OIC Run-Off Limited and The London & Overseas Insurance Company
Limited filed Chapter 15 bankruptcy petition (Bankr. S.D.N.Y.
Case Nos. 15-13054 and 15-13055, respectively) on Nov. 16, 2015.
The petition was signed by Dan Yoram Schwarzmann and Paul Anthony
Brereton Evans as foreign representatives.  The Debtors estimated
assets in the range of $500 million to $1 billion and liabilities
of more than $1 billion.


OIC RUN-OFF LIMITED: Chapter 15 Case Summary
--------------------------------------------
Chapter 15 Petitioners: Dan Yoram Schwarzmann and Paul Anthony
                        Brereton Evans

Chapter 15 Debtors:

          OIC Run-Off Limited                   15-13054
          10-18 Union Street
          London SE1 1SZ
          England

          The London & Overseas                 15-13055
          Insurance Company Limited
          10-18 Union Street
          London SE1 1SZ
          England

Type of Business: Insurance

Chapter 15 Petition Date: November 16, 2015

Court: United States Bankruptcy Court
       Southern District of New York (Manhattan)

Chapter 15 Petitioners' Counsel: Howard Seife, Esq.
                                 CHADBOURNE & PARKE LLP
                                 1301 Avenue of the Americas
                                 New York, NY 10019-6022
                                 Tel: (212) 408-5361
                                 Fax: (212) 541-5369
                                 Email: hseife@chadbourne.com

Estimated Assets: $500 million to $1 billion

Estimated Debts: More than $1 billion


PRECISE MORTGAGE NO 1: Fitch Affirms 'BBsf' Rating on Cl. E Notes
-----------------------------------------------------------------
Fitch Ratings has affirmed Precise Mortgage Funding No 1 Plc,
Precise Mortgage Funding 2014-2 Plc and Mercia No 1 Plc.

The Precise transactions comprise UK non-conforming residential
mortgages originated by Charter Court Financial Services (CCFS
trading as Exact Mortgage Experts; RPS2-/RSS2); while the Mercia
deal is collateralized by a pool of buy-to-let (BTL) prime
residential mortgage loans originated by Godiva Mortgages Limited
(Godiva), a wholly owned subsidiary of Coventry Building Society
(CBS; A/Stable/F1).

KEY RATING DRIVERS

Worst-case Scenario Due to Revolving Nature

The Mercia transaction is still in its revolving period, which is
set to end in December 2016.  Until then, Godiva will replenish
the pool with further loans, subject to certain conditions being
met.  In its analysis, Fitch modeled a worst-case portfolio by
assuming that the additional assets added to the portfolio result
in the asset conditions being reached.  The credit enhancement
(CE) for both tranches was shown to be sufficient to sustain
these stresses as reflected by their affirmation.

Solid Asset Performance

The transactions have reported solid asset performance since
closing.  As of September 2015, the level of arrears by more than
three months in all cases remains below 10 bps of the current
collateral balance.  Mercia No 1 reports one property in
possession and none of the deals have reported losses to date.
The solid performance seen to date is reflected by the
affirmations.

Combined Liquidity and Reserve Fund

The Precise transactions are supported by non-amortizing reserve
funds (RNRF) set at 3.3% and 3.0% of the rated note balance at
close for Precise No 1 and Precise 2014-2, respectively.  The
RNRFs are divided into two parts that can vary in proportion at
any point in time.  One is only for liquidity and the other
covers both losses and liquidity shortfalls.  At transaction
close, the RNRFs only provided liquidity, but as the senior notes
amortize, the liquidity portions reduce and the reminder becomes
available to absorb credit losses.

Unhedged Interest Rate Risk

Both Precise deals comprise loans linked to floating rate loans
and fixed rate loans, most of which are expected to revert to
floating within the next 12 months.  Although the fixed rate
loans are hedged, the mismatch between the interest received on
the bank base rate loans (11.4% of the current pool in Precise No
1) and the Libor-paying notes is left unhedged when fixed rate
loans revert to floating (in contrast all loans in Precise 2014-2
revert to Libor).  In its analysis, Fitch stressed the excess
spread on Precise No 1 to account for this risk and found the CE
available to the rated notes sufficient to withstand such
stresses.

RATING SENSITIVITIES

As the majority of the underlying portfolios is linked to
floating rates and the fixed rate loans will revert to floating
an increase in interest rates could lead to performance
deterioration of the underlying assets and consequently
downgrades of the notes if defaults and associated losses exceed
those of Fitch's stresses.

The proposed criteria, if adopted, will lead to smaller loss
expectations for all types of mortgage portfolios.  As a result,
Fitch expects all outstanding UK RMBS and CVB ratings to either
be affirmed or upgraded.  If the current criteria are updated
after considering market feedback, Fitch will review all existing
UK RMBS ratings within six months of the new criteria
publication.

DUE DILIGENCE USAGE

No third party due diligence was provided or reviewed in relation
to this rating action.

DATA ADEQUACY

Fitch has checked the consistency and plausibility of the
information it has received about the performance of the asset
pools and the transactions.  There were no findings that were
material to this analysis.  Fitch has not reviewed the results of
any third party assessment of the asset portfolio information or
conducted a review of origination files as part of its ongoing
monitoring.

Prior to the transactions closing, Fitch reviewed the results of
a third party assessment conducted on the asset portfolio
information, which indicated no adverse findings material to the
rating analysis.

Prior to the transactions closing, Fitch conducted a review of a
small targeted sample of the originator's origination files and
found the information contained in the reviewed files to be
adequately consistent with the originator's policies and
practices and the other information provided to the agency about
the asset portfolio.

Overall, Fitch's assessment of the information relied upon for
the agency's rating analysis according to its applicable rating
methodologies indicates that it is adequately reliable.

SOURCES OF INFORMATION

The information below was used in the analysis.

Loan-by-loan data provided by:

   -- Coventry Building Society for Mercia No 1 with a cut-off
      date of Aug. 31, 2015.

   -- US Bank for Precise No 1 and Precise 2014-2 with a cut-off
      date of Sept. 30, 2015.

Transaction reporting provided by:

   -- Coventry Building Society for Mercia No 1 since close and
      until August 2015

   -- US Bank since close and until August 2015 for Precise No 1
      and September 2015 for Precise 2014-2

   -- Fitch analysts held an update call with representatives of
      Charter Court Financial Services Ltd to discuss origination
      and servicing practices in April 2015.

   -- Fitch analysts held an update call with representatives of
      Coventry Building Society to discuss origination and
      servicing practices in May 2015.

MODELS

The models below were used in the analysis.

The rating actions are:

Mercia No 1 Plc

  Class A1 (ISIN XS0864239529): affirmed at 'AAAsf'; Outlook
   Stable
  Class A2 (ISIN XS0864240295): affirmed at 'AAAsf'; Outlook
   Stable

Precise Mortgage Funding No 1 Plc

  Class A (ISIN XS0992781962): affirmed at 'AAAsf', Outlook
   Stable
  Class B (ISIN XS0992793462): affirmed at 'AAsf', Outlook Stable
  Class C (ISIN XS0992793629): affirmed at 'Asf', Outlook Stable
  Class D (ISIN XS0992793892): affirmed at 'BBBsf', Outlook
   Stable
  Class E (ISIN XS0992795160): affirmed at 'BBsf', Outlook Stable

Precise Mortgage Funding 2014-2 Plc

  Class A (ISIN XS1129892185): affirmed at 'AAAsf', Outlook
   Stable
  Class B (ISIN XS1129895956): affirmed at 'AAsf', Outlook Stable
  Class C (ISIN XS1129898893): affirmed at 'Asf', Outlook Stable
  Class D (ISIN XS1129914765): affirmed at 'BBBsf', Outlook
   Stable


UNIQUE PUB: Fitch Affirms 'B' Rating on Class M Notes
-----------------------------------------------------
Fitch Ratings has revised the Outlook on Unique Pub Finance plc's
class A, M and N notes to Stable and affirmed them at 'BB', 'B+'
and 'B', respectively.

The revision of the Outlook to Stable from Negative is primarily
driven by the significant deleveraging (offsetting the only minor
improvement in free cash flow (FCF) debt service coverage ratios
(DSCR)) and reflects Fitch's expectation of ongoing performance
stabilization over the next two years and the forecast continued
deleveraging.  The class A notes are also supported by a
significant cash reserve and liquidity facility, while the junior
notes are supported by their ability to defer and the eight years
of high coverage following significantly reduced debt service
from around 2024, the combination of which makes them unlikely to
default, in Fitch's view.

The affirmation is driven by improving operational performance,
with Enterprise Inns plc's (ETI) like-for-like (LFL) net income
for the 12 months to September 2015 (a proxy for Unique) growing
0.8%, the improving quality of the estate (supported by on-going
disposals of weaker pubs) and deleveraging during the year.
Full-year reported Unique FCF to June 2015 of GBP133.0 mil. also
outperformed Fitch's base case by around 1%.  Compared with the
previous year, the FCF decline of 1.6% is less than the 3.1%
reduction in the average number of pubs during the year.

Unique Pub Finance plc is a tap issue closed in 2005 of an
existing securitization of a portfolio of leased pubs located in
the UK, issued by Unique Pub Finance plc.  It is 100% owned by
ETI, a listed UK pub company.  As of end-June 2015, the
securitized group comprised 2,472 tenanted pubs (representing
around 50% of the estate), down from 3,974 since the tap.

KEY RATING DRIVERS

Industry Profile: Midrange

The operating environment is viewed as 'weaker'.  While the pub
sector in the UK has a long history, trading performance for some
assets has shown significant weakness in the past.  The sector is
highly exposed to discretionary spending, strong competition
(including from the off-trade), and other macro factors such as
minimum wages, rising utility costs and regulatory changes (with
the recent introduction of the mandatory free-of-tie option).
Licencing laws and regulations are moderately stringent, and
managed pubs and tenanted pubs (i.e. non-full repairing and
insuring) are fairly capital-intensive.  However, switching costs
are generally viewed as low, although there may be some captive
market effects.  The sector is viewed as reasonably sustainable
with the strong pub culture in the UK expected to persist,
thereby taking a large portion of the eating-drinking-out market.

Sub-KRDs: operating environment - weaker, barriers to entry -
midrange, sustainability - midrange.

Company Profile: Midrange

LFL net income declined YoY 2009-2013 by a compound annual growth
rate (CAGR) of 2.7%.  However, in the 12 months to September 2014
and 2015, ETI achieved LFL net income growth of 1.4% and 0.8%,
respectively, indicating some sustainable stabilization.
Management has been stable with low key man risk, and there are
no known corporate governance issues.  ETI is also a large
operator within the pub sector with economies of scale.  However,
use of branding is limited and there are no minimum capex
covenants.  As the estate is fully leased or tenanted, insight
into underlying profitability is weak.  Operator replacement is
not viewed as straightforward but should be possible within a
reasonable period of time.  Centralized management of the estate
and common supply contracts result in close operational ties
between the securitized and non-securitized estates.

The pubs are considered to be reasonably well-maintained and over
90% of the estate is held on a freehold or long-leasehold basis.
At the latest revaluation in September 2014, the Unique estate
was valued at GBP1,751 million, resulting in a fairly high
average pub value of GBP708k.  In the past few years, management
has channeled disposal proceeds into capex for its existing
estate with ETI spending on average around GBP13.6k per pub in
2015.  Management intends to act similarly in 2016.  While there
is no capex covenant, upkeep is largely contractually outsourced
to tenants on full repair and insuring (FRI) leases
(approximately 60% of the estate).  The secondary market is
reasonably strong and there is also alternative use value
potential (primarily as residential property and mini-
supermarkets).

Sub-KRDs: financial performance - weaker, company operations -
midrange, transparency - weaker, dependence on operator -
midrange, asset quality - midrange

Debt Structure: Class A - Midrange, Class M, N: Weaker

The debt is fully amortizing but there is some concurrent
amortization with the junior tranches.  Debt service is high for
the next seven years and the debt profile is not aligned with the
company's and industry's risk profile, particularly in relation
to the junior class M notes.  Positive factors include fully
fixed-rate debt, which avoids any floating-rate risk and senior-
ranking derivative liabilities.  The security package comprises
comprehensive first ranking fixed and floating charges over
borrower assets.  Prepayments and purchases result in debt
service being one year ahead under the restricted payment
condition (RPC) calculation, making Unique compliant with its
RPC, which allows cash up-streaming. This is a significant credit
negative, although recently less cash has been up-streamed,
possibly as a result of the very high contractual debt service.
Structural features include a GBP65m cash reserve (representing
5.6% of the principal outstanding) and a GBP190 mil. tranched
liquidity facility covering around 16 months of peak debt
service, which together help mitigate the tight DSCRs.  The SPV
is not considered to be a true orphan SPV as the share capital is
owned by a subsidiary of Unique and the majority of its directors
are not independent.

Sub-KRDs: debt profile: class A - midrange, class M and N -
weaker, security package: class A - stronger, class M and N -
midrange, structural features - weaker

Peer Group

Unique's closest peers are Punch Taverns and the hybrid
tenanted/managed pubcos such as Marston's and Greene King.  In
relation to the class A, M and N notes, the coverage and leverage
metrics look well aligned relative to peers, supporting the
Stable Outlook.

RATING SENSITIVITIES

Positive - Any improvement in Fitch's base case FCF DSCRs above
around 1.5x, 1.2x and 1.1x for the class A, M and N notes,
respectively, due to further stabilization in performance, in
addition to further deleveraging, could trigger positive rating
action.

Negative - Any deterioration of the forecast FCF DSCRs and/or an
increase in leverage could trigger negative rating action.  In
relation to the recent change in regulation (market rent only
option), there is some uncertainty as to the ultimate impact, and
this could affect the ratings in the medium term (with potential
increased costs, disruption of tenanted model).

TRANSACTION PERFORMANCE

Under the base case FCF is forecast to grow at a CAGR of around -
1% to legal final maturity of the class N notes in 2032.  The
resulting base case projected FCF DSCRs are 1.46x, 0.98x and
0.91x. for the class A, M and N notes, respectively.  Notably,
the significant improvement in class A projected metrics since
the previous review is primarily due to a mechanical effect of
them being calculated over a shorter period of lower coverage
versus the previous year, which is credit positive.  Notably,
despite the low DSCRs in relation to the junior class M and N
notes, all interest and principal payments are expected to be
made under Fitch's base case, aided by Unique's cash reserve and
liquidity facility, in addition to the eight years of high debt
service coverage from 2024.

EBITDA leverage (including the cash reserve) has reduced
significantly during the year to 5.06x, 6.71x and 8.10x through
the class A, M and N notes, respectively, from 5.53x, 7.16x and
8.54x.  The leverage profile is also expected to improve as
amortization continues, to around 4.61x, 6.30x and 7.73x by June
2016 through the class A, M and N notes.

The rating actions are:

  GBP349.7 mil. class A3 fixed-rate secured bonds due 2021:
   affirmed at 'BB'; Outlook revised from Negative to Stable

  GBP404.2 mil. class A4 fixed-rate secured bonds due 2027:
   affirmed at 'BB'; Outlook revised from Negative to Stable

  GBP225 mil. class M fixed-rate secured bonds due 2024: affirmed
   at 'B+'; Outlook revised from Negative to Stable

  GBP190 mil. class N fixed-rate secured bonds due 2032: affirmed
   at 'B'; Outlook revised from Negative to Stable



===============
X X X X X X X X
===============


* BOND PRICING: For the Week Nov. 16, 2015 to Nov. 20, 2015
-----------------------------------------------------------

Issuer                       Coupon  Maturity  Currency  Price
------                       ------  --------  --------  -----
Petrobras Global Finance B     6.85   6/5/2115   USD    71.00
Piraeus Group Finance PLC      5.00  3/27/2017   EUR    65.78
Oi Brasil Holdings Coopera     5.63  6/22/2021   EUR    73.36
Abengoa Finance SAU            7.00  4/15/2020   EUR    44.35
Abengoa Finance SAU            8.88   2/5/2018   EUR    48.38
Grupo Isolux Corsan Financ     6.63  4/15/2021   EUR    46.66
Waste Italia SpA              10.50 11/15/2019   EUR    52.13
Intelsat Luxembourg SA         7.75   6/1/2021   USD    54.56
CSN Resources SA               6.50  7/21/2020   USD    59.20
Petrobras Global Finance B     6.75  1/27/2041   USD    72.13
Abengoa Finance SAU            6.00  3/31/2021   EUR    41.72
BIM SAS                        2.50 11/13/2020   EUR    24.25
Petrobras Global Finance B     6.25 12/14/2026   GBP    70.05
Glencore Finance Europe SA     1.75  3/17/2025   EUR    74.06
Petrobras Global Finance B     5.63  5/20/2043   USD    68.50
HSH Nordbank AG/Luxembourg     2.31              EUR    25.22
Yuksel Insaat AS               9.50 11/10/2015   USD    65.70
Portugal Telecom Internati     4.50  6/16/2025   EUR    74.30
HSH Nordbank AG                7.25              USD    35.43
Ajecorp BV                     6.50  5/14/2022   USD    47.04
Petrobras Global Finance B     6.88  1/20/2040   USD    72.25
Scholz Holding Gmbh            8.50   3/8/2017   EUR    64.33
Piraeus Group Finance PLC      1.80  7/20/2016   EUR    49.88
Abengoa Greenfield SA          5.50  10/1/2019   EUR    38.04
Eurobank Ergasias SA           1.57   6/8/2017   EUR    69.50
Norske Skogindustrier ASA      7.00  6/26/2017   EUR    51.84
CIMPOR Financial Operation     5.75  7/17/2024   USD    68.50
Volkswagen International F     5.50  11/9/2015   EUR    66.89
Nyrstar NV                     4.25  9/25/2018   EUR    70.09
Abengoa Finance SAU            8.88  11/1/2017   USD    52.00
Heta Asset Resolution AG       4.38  1/24/2017   EUR    66.00
Alcatel-Lucent                 4.25   7/1/2018   EUR     4.72
Casino Guichard Perrachon      1.93              EUR    67.70
Pacific Drilling SA            5.38   6/1/2020   USD    53.88
Vallourec SA                   2.25  9/30/2024   EUR    68.88
Andrade Gutierrez Internat     4.00  4/30/2018   USD    76.00
Banca delle Marche SpA         0.92   6/1/2017   EUR    19.96
Bank of New York Mellon Lu     4.47 12/15/2050   EUR    55.09
Nordea Bank AB                 1.05              EUR    65.67
Brunswick Rail Finance Ltd     6.50  11/1/2017   USD    49.05
Gol LuxCo SA                   8.88  1/24/2022   USD    59.00
Metinvest BV                   8.75  2/14/2018   USD    65.00
Petrobras Global Finance B     6.63  1/16/2034   GBP    65.77
DTEK Finance PLC               7.88   4/4/2018   USD    48.13
OAS Investments GmbH           8.25 10/19/2019   USD     5.25
Intelsat Luxembourg SA         8.13   6/1/2023   USD    54.50
Immigon Portfolioabbau AG     10.00              EUR     5.55
Hema Bondco I BV               6.25  6/15/2019   EUR    72.05
Bank of New York Mellon Lu     4.20 12/30/2099   EUR    18.83
Aegon NV                       0.85              EUR    70.18
QGOG Constellation SA          6.25  11/9/2019   USD    53.52
Indo Energy Finance BV         7.00   5/7/2018   USD    57.10
Indo Energy Finance II BV      6.38  1/24/2023   USD    48.00
City of Kiev Ukraine Via C     8.00  11/6/2015   USD    72.79
Alcatel-Lucent                 0.13  1/30/2020   EUR     4.81
AXA SA                         0.92              EUR    68.10
Banque Federative du Credi     1.40              EUR    58.68
Matalan Finance PLC            8.88   6/1/2020   GBP    72.53
Privatbank CJSC Via UK SPV    10.25  1/15/2016   USD    74.60
ING Groep NV                   0.95              EUR    65.91
CGG SA                         6.50   6/1/2021   USD    58.75
Heta Asset Resolution AG       4.25 10/31/2016   EUR    64.01
Banco Espirito Santo SA        7.13 11/28/2023   EUR     3.36
AXA SA                         1.30              EUR    70.45
Takko Luxembourg 2 SCA         9.88  4/15/2019   EUR    65.50
Far East Capital Ltd SA        8.00   5/2/2018   USD    63.25
Fred Olsen Energy ASA          4.16  2/28/2019   NOK    59.67
Bluewater Holding BV          10.00 12/10/2019   USD    63.33
Banca delle Marche SpA         1.11  6/15/2016   EUR    22.13
EnQuest PLC                    5.50  2/15/2022   GBP    58.02
Algeco Scotsman Global Fin    10.75 10/15/2019   USD    55.00
IMMOFINANZ AG                  4.25   3/8/2018   EUR     4.64
Peugeot SA                     4.45   1/1/2016   EUR    26.94
ING Groep NV                   1.35              EUR    66.21
CGG SA                         1.75   1/1/2020   EUR     8.16
CGG SA                         1.25   1/1/2019   EUR    26.06
UKRLANDFARMING PLC            10.88  3/26/2018   USD    49.50
Abengoa SA                     5.13   3/5/2017   USD    58.51
Faurecia                       3.25   1/1/2018   EUR    37.44
Ferrexpo Finance PLC          10.38   4/7/2019   USD    64.79
Capital Funding GmbH           2.27              EUR    74.38
AXA SA                         1.24              EUR    70.35
Tullow Oil PLC                 6.25  4/15/2022   USD    77.25
Petrobras Global Finance B     5.38  10/1/2029   GBP    63.47
Abengoa SA                     6.25  1/17/2019   EUR    43.66
Abengoa Finance SAU            7.75   2/1/2020   USD    44.88
DTEK Finance PLC              10.38  3/28/2018   USD    53.01
Tonon Luxembourg SA           10.50  5/14/2024   USD    67.00
Air France-KLM                 2.03  2/15/2023   EUR    11.02
Asya Sukuk Co Ltd              7.50  3/28/2023   USD    73.16
Elli Investments Ltd          12.25  6/15/2020   GBP    39.19
Heta Asset Resolution AG       2.75   8/9/2016   CHF    65.63
TiZir Ltd                      9.00  9/28/2017   USD    72.00
Paragon Offshore PLC           7.25  8/15/2024   USD    14.10
Rothschilds Continuation F     1.19              EUR    55.19
OGX Austria GmbH               8.50   6/1/2018   USD     0.01
Mriya Agro Holding PLC         9.45  4/19/2018   USD    15.50
Credit Mutuel Arkea SA         1.33              EUR    57.26
Metinvest BV                  10.25  1/31/2016   USD    68.46
EnQuest PLC                    7.00  4/15/2022   USD    61.00
Barclays Bank PLC              0.35 12/28/2040   EUR    66.15
Abengoa Finance SAU            8.88  11/1/2017   USD    54.00
Neopost SA                     3.38              EUR    48.07
Banque Federative du Credi     0.83              EUR    58.78
CNP Assurances                 1.18              EUR    58.65
Hema Bondco II BV              8.50 12/15/2019   EUR    41.76
HSBC Bank PLC                  0.75              USD    58.02
Paragon Offshore PLC           6.75  7/15/2022   USD    16.00
Alpha Credit Group PLC         1.63   2/1/2017   EUR    56.00
CGG SA                         6.88  1/15/2022   USD    57.25
Singulus Technologies AG       7.75  3/23/2017   EUR    19.50
SOITEC                         6.75  9/18/2018   EUR     1.47
Credit Agricole SA             0.71              EUR    60.51
BPCE SA                        0.95              EUR    62.30
Commercial Bank Privatbank     5.80   2/9/2016   USD    60.75
City of Kyiv Via Kyiv Fina     9.38  7/11/2016   USD    73.00
Candyking Holding AB           5.00  1/29/2018   SEK    51.25
Hema Bondco I BV               5.21  6/15/2019   EUR    67.99
CHC Helicopter SA              9.38   6/1/2021   USD    50.00
WPE International Cooperat    10.38  9/30/2020   USD     8.06
Etablissements Maurel et P     1.63   7/1/2019   EUR    12.67
First Ukrainian Internatio    11.00 12/31/2018   USD    67.30
Afren PLC                     11.50   2/1/2016   USD     1.59
Praktiker AG                   5.88  2/10/2016   EUR     0.18
Transcapitalbank JSC Via T    10.00  9/18/2020   USD    70.13
Caixa Terrassa Societat de     1.18              EUR    58.96
CaixaBank SA                   4.50 11/22/2016   EUR    69.57
Rothschilds Continuation F     0.81              USD    47.67
Banco Espanol de Credito S     0.99              EUR    63.37
NTRP Via Interpipe Ltd        10.25   8/2/2017   USD    31.97
HSBC Bank PLC                  0.81              USD    58.08
Metinvest BV                  10.50 11/28/2017   USD    63.31
Espirito Santo Financial G     6.88 10/21/2019   EUR     0.02
Farstad Shipping ASA           4.55  5/29/2018   NOK    50.25
DOF ASA                        5.84   2/7/2018   NOK    59.88
Banco Bilbao Vizcaya Argen     1.27              EUR    72.24
Danske Bank Oyj                1.15              EUR    60.10
Norske Skog Holding AS         8.00  2/24/2021   EUR    37.50
Virgolino de Oliveira Fina    10.50  1/28/2018   USD     1.15
Santander International Pr     2.00              USD    40.38
KCA Deutag UK Finance PLC      7.25  5/15/2021   USD    72.25
Pierre & Vacances SA           3.50  10/1/2019   EUR    34.53
Afren PLC                      6.63  12/9/2020   USD     1.62
Santander Finance Preferre     1.05              EUR    60.57
Ageasfinlux SA                 1.28              EUR    63.41
Far East Capital Ltd SA        8.75   5/2/2020   USD    62.50
Econocom Group SA/NV           1.50  1/15/2019   EUR    11.60
Lambay Capital Securities      6.25              GBP     1.51
Eniro AB                       6.00  4/14/2020   SEK    60.00
Abengoa Greenfield SA          6.50  10/1/2019   USD    30.00
OSX 3 Leasing BV              13.00  3/20/2015   USD    35.13
Caisse Federale du Credit      1.17              EUR    58.84
Popular Capital SA             1.12              EUR    57.25
ESFIL-Espirito Santo Finan     5.25  6/12/2015   EUR     0.40
Privatbank CJSC Via UK SPV    10.88  2/28/2018   USD    66.50
Farstad Shipping ASA           5.42  2/15/2017   NOK    58.33
Barclays Bank PLC              1.58              GBP    70.09
Heta Asset Resolution AG       0.03  5/31/2016   EUR    65.59
Havila Shipping ASA            9.65  8/30/2016   NOK    37.38
Jyske Bank A/S                 1.38              EUR    59.42
Novo Banco SA                  3.50   1/2/2043   EUR    68.60
Afren PLC                     10.25   4/8/2019   USD     2.25
Abengoa Greenfield SA          6.50  10/1/2019   USD    38.62
Codere Finance Luxembourg      8.25  6/15/2015   EUR    72.33
Aegon NV                       1.51              NLG    52.69
Havila Shipping ASA            8.60  3/30/2017   NOK    55.02
ATF Capital BV                10.00              USD    64.25
Banco Espirito Santo SA        2.61              EUR     8.00
Pescanova SA                   5.13  4/20/2017   EUR     2.92
SNS Bank NV                    6.25 10/26/2020   EUR     2.88
Abengoa Finance SAU            7.75   2/1/2020   USD    46.75
Ukreximbank Via Biz Financ     7.51   2/9/2023   USD    73.09
Talvivaara Mining Co PLC       4.00 12/16/2015   EUR     0.84
Abengoa SA                     5.13   3/5/2017   USD    63.00
World Wide Supply AS           7.75  5/26/2017   USD    35.00
Dolphin Group AS               8.65   3/5/2019   NOK    25.75
Songa Offshore                 8.40  5/17/2018   NOK    68.00
Volkswagen International F     5.50  11/9/2015   EUR    66.64
Phosphorus Holdco PLC         10.00   4/1/2019   GBP     1.98
Banca delle Marche SpA         1.06 12/22/2015   EUR    34.67
Pescanova SA                   8.75  2/17/2019   EUR     2.84
Havila Shipping ASA            5.57  3/30/2017   NOK    62.50
OGX Austria GmbH               8.38   4/1/2022   USD     0.01
Etablissements Maurel et P     2.75   7/1/2021   EUR     7.89
Ekotechnika GmbH               9.75  5/10/2018   EUR     9.50
EDOB Abwicklungs AG            7.50   4/1/2012   EUR     0.50
Ferrexpo Finance PLC          10.38   4/7/2019   USD    65.03
Barclays Bank PLC              2.75  3/21/2033   USD    67.00
BDT Media Automation GmbH      8.13  10/9/2017   EUR    67.00
Novo Banco SA                  3.00  6/21/2022   USD    74.20
Global PVQ SE                  6.75 10/21/2015   EUR     0.91
Assystem                       4.50              EUR    27.62
BOA OCV AS                     6.75  10/7/2019   NOK    60.25
Songa Offshore                 7.50 12/11/2018   NOK    63.25
Pacific Drilling SA            5.38   6/1/2020   USD    53.75
Sydbank A/S                    1.14              EUR    60.50
Union Fenosa Preferentes S     1.61              EUR    67.88
Agroton Public Ltd             6.00  7/14/2019   USD    10.00
Societe Air France SA          2.75   4/1/2020   EUR    20.40
CIMPOR Financial Operation     5.75  7/17/2024   USD    66.00
NIBC Bank NV                   0.67              EUR    52.83
NIBC Bank NV                   2.13              USD    65.00
Finance and Credit Bank JS     9.25  1/25/2019   USD     8.88
BLT Finance BV                 7.50  5/15/2014   USD     5.00
Transaero Airlines            16.00 10/25/2018   RUB     5.66
Pohjola Bank Oyj               0.64              EUR    68.75
E Forland AS                   7.89   9/4/2018   NOK    64.50
Waste Italia SpA              10.50 11/15/2019   EUR    52.13
Alpha Credit Group PLC         1.62   3/8/2017   EUR    67.00
Nexans SA                      4.00   1/1/2016   EUR    55.12
Norwegian Energy Co ASA        6.50   3/6/2018   NOK    61.25
BOA Offshore AS                7.93 12/18/2018   NOK    31.13
HSBC Bank PLC                  0.60              USD    57.88
Island Offshore Shipholdin     6.37   4/5/2016   NOK    74.49
Capital Raising GmbH           7.50              EUR    10.52
Solstad Offshore ASA           4.70  6/24/2019   NOK    64.13
Scandinavian Airlines Syst     2.38              CHF    30.13
RENE LEZARD Mode GmbH          7.25 11/25/2017   EUR    33.50
Aralco Finance SA             10.13   5/7/2020   USD     1.75
LBI HF                         6.10  8/25/2011   USD    11.00
Mriya Agro Holding PLC        10.95  3/30/2016   USD    15.00
Bank Nadra via NDR Finance     8.25  7/31/2018   USD     5.67
BNP Paribas SA                 0.61              USD    59.66
Island Drilling Co ASA         9.50   4/3/2018   USD    35.88
Vseukrainsky Aktsinerny Ba    10.90  6/14/2019   USD     1.70
Paragon Offshore PLC           7.25  8/15/2024   USD    16.00
Tullow Oil PLC                 6.25  4/15/2022   USD    77.25
Piraeus Group Finance PLC      2.19 10/27/2034   EUR    49.88
Nexity SA                      0.63   1/1/2020   EUR    50.32
Corporate Commercial Bank      8.25   8/8/2014   USD     1.00
Hellenic Republic Governme     5.20  7/17/2034   EUR    74.13
DOF ASA                        8.17  9/12/2019   NOK    61.00
Noreco Norway AS               6.50   3/6/2018   NOK    64.25
Atlantic Offshore AS           8.69  5/16/2018   NOK    41.46
Gol LuxCo SA                   8.88  1/24/2022   USD    59.25
Virgolino de Oliveira Fina    11.75   2/9/2022   USD     1.30
Barclays Bank PLC              0.69              USD    60.03
Cirio Holding Luxembourg S     6.25  2/16/2004   EUR     1.90
Paragon Offshore PLC           6.75  7/15/2022   USD    15.92
Lehman Brothers UK Capital     5.13              EUR     0.00
Heta Asset Resolution AG       0.71  1/24/2017   EUR    18.88
Municipality Finance PLC       0.50  7/30/2029   AUD    65.95
Lloyds Bank PLC                2.62  4/26/2033   USD    68.00
Phones4u Finance PLC           9.50   4/1/2018   GBP    37.75
Belfius Bank SA/NV             1.93              FRF    69.88
Touax SA                       6.00  7/10/2020   EUR    18.90
EnQuest PLC                    7.00  4/15/2022   USD    60.63
Hybrid Raising GmbH            6.63              EUR    11.63
Laurel GmbH                    7.13 11/16/2017   EUR    26.88
Olympic Ship AS                6.18  6/18/2019   NOK    46.73
TGC-2 OJSC                    12.00 10/10/2018   RUB    67.10
Barclays Bank PLC              0.75              USD    60.25
International Industrial B     9.00   7/6/2011   EUR     0.48
Oi Brasil Holdings Coopera     5.63  6/22/2021   EUR    73.06
Jyske Bank A/S                 1.13              EUR    58.75
friedola Gebr Holzapfel Gm     7.25  4/11/2017   EUR    23.00
Minicentrales Dos SA           6.45  4/14/2028   EUR    60.50
Heta Asset Resolution AG       0.17   4/9/2043   EUR    60.00
MS Deutschland Beteiligung     6.88 12/18/2017   EUR    14.50
Dexia SA                       4.89              EUR    14.88
Tonon Luxembourg SA           10.50  5/14/2024   USD    67.00
Heta Asset Resolution AG       1.91  9/29/2016   JPY    65.50
Cooperatieve Centrale Raif     0.50 11/26/2021   ZAR    57.71
Societe Generale SA            1.60   1/9/2020   GBP     1.00
Dannemora Mineral AB          11.75  3/22/2016   USD     1.00
Solarworld AG                  6.13  1/21/2017   EUR    31.13
Olympic Ship AS                7.22  9/21/2017   NOK    55.25
Breeze Finance SA              6.71  4/19/2027   EUR    39.00
Takko Luxembourg 2 SCA         6.95  4/15/2019   EUR    58.84
Eramet                         5.10  5/28/2026   EUR    67.88
Koninklijke Luchtvaart Maa     0.75              CHF    35.00
Dexia Credit Local SA          4.30              EUR    11.13
Dolphin Group AS               8.97  2/14/2018   NOK    30.00
Cirio Finance Luxembourg S     7.50  11/3/2002   EUR     8.75
Karlie Group GmbH              6.75  6/25/2018   EUR    26.67
Codere Finance Luxembourg      9.25  2/15/2019   USD    70.00
Petrol AD                      8.38  1/26/2017   EUR    15.00
Barclays Bank PLC              4.79  2/25/2031   USD    75.00
Cirio Finanziaria SpA          8.00 12/21/2005   EUR     1.89
Deutsche Bank AG/London        2.52  3/15/2033   USD    64.50
Novo Banco SA                  3.50  1/23/2043   EUR    68.60
Bank of Scotland PLC           0.63              USD    60.13
Electromagnetic Geoservice     7.05  6/27/2016   NOK    62.51
Virgolino de Oliveira Fina    10.88  1/13/2020   USD    19.25
LBI HF                         6.25              EUR     0.00
Sazka AS                       9.00  7/12/2021   EUR     5.13
Heta Asset Resolution AG       0.07  5/31/2016   EUR    66.03
Kaupthing Bank Hf              9.00              USD     0.13
Talvivaara Mining Co PLC       9.75   4/4/2017   EUR     0.09
SiC Processing GmbH            7.13   3/1/2016   EUR     1.98
DOF ASA                        8.34   2/7/2017   NOK    72.00
Societe Generale SA            0.50              USD    61.59
Petromena ASA                  9.75  5/24/2016   NOK     0.92
Nordea Bank Norge ASA          0.56              USD    62.02
Mox Telecom AG                 7.25  11/2/2017   EUR     2.83
Sidetur Finance BV            10.00  4/20/2016   USD     6.50
Lloyds Bank PLC                0.63              USD    60.31
Kaupthing Bank Hf              5.75  10/4/2011   USD    22.00
UniCredit Bank Austria AG      0.44 12/27/2031   EUR    67.63
Lehman Brothers Treasury C     6.00  11/2/2035   EUR    16.25
Novo Banco SA                  3.50  2/19/2043   EUR    68.47
Mobylife Holding A/S           7.25  5/23/2018   SEK    75.00
Lloyds Bank PLC                0.69              USD    60.28
Abengoa Finance SAU            6.00  3/31/2021   EUR    42.50
Standard Chartered PLC         0.81              GBP    55.86
Barclays Bank PLC              1.95  5/31/2033   USD    65.13
Windreich GmbH                 6.50  7/15/2016   EUR    10.88
Espirito Santo Financial G     3.13  12/2/2018   EUR     0.85
Volstad Shipping AS            7.15  5/30/2018   NOK    62.51
GNB - Cia de Seguros de Vi     2.16 12/19/2022   EUR    75.00
Rem Offshore ASA               6.45  9/25/2019   NOK    40.63
Barclays Bank PLC              0.69              USD    59.86
Strenesse AG                   9.00  3/15/2017   EUR    44.50
QGOG Constellation SA          6.25  11/9/2019   USD    43.00
Region of Abruzzo Italy        0.38  11/7/2036   EUR    60.79
Alpine Holding GmbH            6.00  5/22/2017   EUR     0.20
Societe Generale SA            1.03              EUR    68.05
Sairgroup Finance BV           4.38   6/8/2006   EUR    17.50
National Westminster Bank      0.81              USD    60.80
Hellas Telecommunications      8.50 10/15/2013   EUR     0.01
Solarworld AG                  6.38  7/13/2016   EUR    31.13
JZ Capital Partners Ltd        6.00  7/30/2021   GBP    10.55
Western Bulk ASA               7.87  4/19/2017   NOK    72.00
OGX Austria GmbH               8.50   6/1/2018   USD     0.05
Espirito Santo Financial G     9.75 12/19/2025   EUR     1.46
Bulgaria Steel Finance BV     12.00   5/4/2013   EUR     0.47
Abengoa Finance SAU            7.00  4/15/2020   EUR    45.16
More & More AG                 8.13  6/11/2018   EUR    33.13
Glitnir HF                     6.69  6/15/2016   USD     0.02
Banco Pinto & Sotto Mayor      0.95              EUR    30.30
EFG International AG           1.20              EUR    73.48
Depfa Funding II LP            6.50              EUR    57.13
Lloyds Bank PLC                2.41  1/31/2033   USD    68.00
Codere Finance Luxembourg      9.25  2/15/2019   USD    72.38
LBI HF                         7.43              USD     0.00
Transaero Airlines            12.50 12/20/2016   RUB     4.54
Rem Offshore ASA               6.92  3/14/2018   NOK    45.13
CSN Resources SA               6.50  7/21/2020   USD    57.63
Hellenic Bank PCL             10.00              EUR    46.25
Hellenic Republic Governme     2.09  7/25/2057   EUR    30.50
National Westminster Bank      0.63              USD    61.02
Lloyds Bank PLC                0.50              USD    60.25
Cirio Del Monte NV             7.75  3/14/2005   EUR     2.20
Vestland Offshore Invest A    11.12  1/15/2016   NOK    68.88
Depfa Funding III LP           1.35              EUR
Algeco Scotsman Global Fin    10.75 10/15/2019   USD    55.00
Novo Banco SA                  3.50  3/18/2043   EUR    68.47
IKB Deutsche Industriebank     5.63  3/31/2017   EUR    22.50
Royal Bank of Scotland Gro     0.69              USD    60.96
Afren PLC                     11.50   2/1/2016   USD     1.59
BNP Paribas SA                 0.50   5/6/2021   MXN    71.04
Andrade Gutierrez Internat     4.00  4/30/2018   USD    75.25
Constellium NV                 5.75  5/15/2024   USD    72.38
Abengoa Finance SAU            8.88   2/5/2018   EUR    50.00
APP International Finance     11.75  10/1/2005   USD     2.50
IT Holding Finance SA          9.88 11/15/2012   EUR     0.19
Lehman Brothers Treasury C     7.25  10/5/2035   EUR    13.88
BNP Paribas SA                 2.46  4/30/2033   USD    65.50
Heta Asset Resolution AG       4.35  11/3/2016   EUR    18.88
Lehman Brothers UK Capital     5.75              EUR     0.00
getgoods.de AG                 7.75  10/2/2017   EUR     0.66
Banco Espirito Santo SA        2.76              EUR    14.50
Abengoa Greenfield SA          5.50  10/1/2019   EUR    38.88
Banco Espirito Santo SA        0.13              EUR    14.25
Standard Chartered PLC         0.56              USD    56.40
Commerzbank Holdings UK Lt     0.81              USD    64.00
PA Resources AB               13.50   3/3/2016   SEK     5.88
KPNQwest NV                   10.00  3/15/2012   EUR     0.50
Espirito Santo Financial P     5.13  5/30/2016   EUR     1.00
Barclays Bank PLC              2.62  4/19/2033   USD    67.25
Norske Skogindustrier ASA      7.13 10/15/2033   USD    33.38
Astana Finance BV              7.88   6/8/2010   EUR    16.00
Ferrexpo Finance PLC          10.38   4/7/2019   USD    64.98
Afren PLC                     10.25   4/8/2019   USD     1.65
Royal Bank of Scotland PLC     4.23 11/16/2030   USD    74.25
Brunswick Rail Finance Ltd     6.50  11/1/2017   USD    42.00
Norske Skog Holding AS         8.00  2/24/2023   USD    35.88
Viking Supply Ships AS         9.45  3/21/2017   NOK    60.13
Grupo Isolux Corsan Financ     6.63  4/15/2021   EUR    47.17
SAG Solarstrom AG              6.25 12/14/2015   EUR    45.00
Ajecorp BV                     6.50  5/14/2022   USD    50.19
Alpine Holding GmbH            5.25   7/1/2015   EUR     1.75
Danske Bank Oyj                1.56              EUR    73.13
UniCredit Bank Austria AG      0.49  8/20/2033   EUR    65.88
IM Skaugen SE                  9.42  6/30/2016   NOK    49.63
International Industrial B    11.00  2/19/2013   USD     0.25
Abanka Vipa DD Via Afinanc     1.83              EUR     0.34
Frey                           6.00 11/15/2022   EUR    22.25
Teksid Aluminum Luxembourg    11.38  7/15/2011   EUR     0.04
Santander Finance Capital      2.00              EUR    32.00
Kaupthing Bank Hf              7.63  2/28/2015   USD    20.00
KCA Deutag UK Finance PLC      7.25  5/15/2021   USD    72.25
KA Finanz AG                   5.43  2/13/2024   EUR    60.13
Northland Resources AB         4.00 10/15/2020   USD     0.83
Stroika Finance Ltd Via Em     7.70  6/25/2019   RUB    12.00
Ferrexpo Finance PLC          10.38   4/7/2019   USD    68.00
Dexia Kommunalbank Deutsch     5.63 12/31/2017   EUR    16.00
SNS Bank NV                    6.63  5/14/2018   EUR     2.88
Kaupthing Bank Hf              7.13  5/19/2016   USD     0.00
Societe Alsacienne et Lorr     1.63   1/1/2022   EUR    59.77
Standard Chartered PLC         0.65              USD    58.98
Pescanova SA                   6.75   3/5/2015   EUR     2.92
Mifa Mitteldeutsche Fahrra     7.50  8/12/2018   EUR     3.42
Mechel                         8.40  5/27/2021   RUB    58.30
IGas Energy PLC               10.00 12/11/2018   USD    60.13
Allied Irish Banks PLC         0.70 10/24/2035   EUR    23.13
Windreich GmbH                 6.50   3/1/2015   EUR    10.88
Gunther Zamek Produktions-     7.75  5/15/2017   EUR     1.70
IVG Immobilien AG              5.75              EUR     0.00
Takko Luxembourg 2 SCA         9.88  4/15/2019   EUR    65.42
Afren PLC                      6.63  12/9/2020   USD     1.62
National Westminster Bank      0.75              USD    60.82
Lehman Brothers Treasury C     7.00  5/17/2035   EUR    13.88
Metinvest BV                  10.50 11/28/2017   USD    62.50
Espirito Santo Financial G     5.05 11/15/2025   EUR     1.92
Standard Chartered PLC         0.69              USD    59.25
Vnesheconombank               11.90  9/23/2032   RUB    70.01
Equity Release Funding No      1.98  4/26/2038   GBP    72.50
Heta Asset Resolution AG       0.75  5/31/2016   EUR    64.25
Region of Piemont Italy        0.21 11/27/2036   EUR    62.07
Indo Energy Finance II BV      6.38  1/24/2023   USD    51.00
Den Norske Creditbank          0.63              USD    61.07
Barclays Bank PLC              3.58  6/17/2033   USD    68.25
PA Resources AB               12.25   4/5/2016   NOK     5.88
Solen AG                       7.50   4/8/2016   EUR     1.62
Travel24.com AG                7.50  9/17/2017   EUR    38.50
Russian Highways              12.40  4/22/2042   RUB     9.06
Lehman Brothers Treasury C     2.88  3/14/2013   CHF    16.25
BBVA International Preferr     1.45              GBP
GNB - Cia de Seguros de Vi     3.46              EUR    63.85
Rena GmbH                      7.00 12/15/2015   EUR     8.63
Minicentrales Dos SA           4.81 11/29/2034   EUR    69.63
CHC Helicopter SA              9.25 10/15/2020   USD    55.75
Norske Skog Holding AS         8.00  2/24/2023   USD    35.88
Lehman Brothers Treasury C     6.00  2/15/2035   EUR    13.88
Depfa Funding IV LP            5.03              EUR    57.38
Global PVQ Netherlands B.V     5.75  5/26/2014   EUR    26.75
OGX Austria GmbH               8.38   4/1/2022   USD     0.44
Eramet                         5.29  4/22/2026   EUR    73.50
ADLER Real Estate AG           6.00  6/30/2017   EUR    13.50
Indo Energy Finance BV         7.00   5/7/2018   USD    57.38
Northland Resources AB        15.00  7/15/2019   USD     1.00
Glitnir HF                     6.00   3/5/2012   GBP    27.13
Alpine Holding GmbH            5.25  6/10/2016   EUR     3.16
DNB Bank ASA                   0.69              USD    61.19
Petromena ASA                 10.85 11/19/2014   USD     0.92
IM Skaugen SE                 10.11  4/11/2017   NOK    45.00
Mriya Agro Holding PLC         9.45  4/19/2018   USD    12.00
Societe Generale SA            1.50 12/30/2032   USD    66.00
Dexia Kommunalbank Deutsch     4.88 12/31/2016   EUR    23.00
Heta Asset Resolution AG       0.27  9/11/2017   EUR    16.63
Metinvest BV                   8.75  2/14/2018   USD    63.00
Barclays Bank PLC              2.77  3/28/2033   USD    66.10
Global PVQ Netherlands B.V     1.38  4/30/2012   EUR    26.75
Abengoa SA                     6.25  1/17/2019   EUR    44.07
Societe Generale SA            2.21  2/28/2033   USD    69.72
Lehman Brothers Treasury C     8.25  3/16/2035   EUR    13.88
DTEK Finance PLC               7.88   4/4/2018   USD    44.00
Codere Finance Luxembourg      8.25  6/15/2015   EUR    72.38
Heta Asset Resolution AG       0.42 12/18/2030   EUR    18.38
Kommunekredit                  0.50 10/22/2019   BRL    59.29
Global PVQ Netherlands B.V     5.75  5/26/2014   EUR    26.50
Saphir Finance PLC             6.85              GBP     1.38
Ideal Standard Internation    11.75   5/1/2018   EUR    31.63
EXER D GmbH                    5.70   2/1/2016   EUR    64.50
CGG SA                         6.88  1/15/2022   USD    57.38
Hema Bondco I BV               6.25  6/15/2019   EUR    72.09
Le Noble Age                   4.88   1/3/2016   EUR    22.99
Den Norske Creditbank          0.71              USD    61.31
Aralco Finance SA             10.13   5/7/2020   USD     1.21
LBI HF                         2.25  2/14/2011   CHF     8.50
SU-155 KAPITAL OOO            13.25  2/23/2016   RUB    21.81
Banco Espirito Santo SA       10.00  12/6/2021   EUR     3.39
Reso-Leasing OOO              13.75  10/3/2025   RUB    60.17
Rena GmbH                      8.25  7/11/2018   EUR     8.63
Del Monte Finance Luxembou     6.63  5/24/2006   EUR     8.63
A-TEC Industries AG            8.75 10/27/2014   EUR     2.00
Kaupthing Bank Hf              5.75  10/4/2011   USD    22.00
Santander Finance Capital      2.00              EUR    34.13
Region of Abruzzo Italy        0.22  11/7/2031   EUR    72.71
Assystem                       4.00   1/1/2017   EUR    23.31
Immigon Portfolioabbau AG      0.71  6/18/2018   EUR    67.00
Nationwide Building Societ     1.08              GBP    70.00
Heta Asset Resolution AG       4.25  5/31/2016   EUR    65.75
Heta Asset Resolution AG       5.92  2/22/2022   EUR    16.50
Deutsche Bank AG/London        2.04  1/31/2033   USD    62.00
Norske Skogindustrier ASA      7.13 10/15/2033   USD    33.38
UniCredit Bank Austria AG      0.43 10/31/2031   EUR    68.38
Norske Skog Holding AS         8.00  2/24/2021   EUR    36.50
Hema Bondco II BV              8.50 12/15/2019   EUR    41.50
Hellenic Republic Governme     2.27   2/7/2022   EUR    73.19
Hamburgische Landesbank Gi     0.33  1/22/2041   EUR    61.45
Cyprus Popular Bank PCL        1.72  5/26/2016   EUR     1.32
Glitnir HF                     6.38  9/25/2012   USD    27.13
Golden Gate AG                 6.50 10/11/2014   EUR    46.25
Global PVQ Netherlands B.V     1.38  4/30/2012   EUR    26.88
Master & Fellows of Univer     3.07  4/28/2065   GBP    74.37
State of Carinthia             0.78  7/20/2017   CHF     0.20
Credit Europe Bank Ltd        13.75   9/5/2016   RUB    60.89
Metinvest BV                  10.25  1/31/2016   USD    69.75
Hypo Tirol Bank AG             0.41  7/23/2026   EUR    55.00
Banco Pastor SA                2.37              EUR    63.25
Kezizalog Zrt                  7.75  10/1/2018   EUR     0.81
Cooperatieve Centrale Raif     0.50  7/30/2043   MXN    13.16
PNE Wind AG                    3.75 10/10/2019   EUR     3.00
Heta Asset Resolution AG       0.54 11/29/2032   EUR    16.88
ADLER Real Estate AG           6.00 12/27/2018   EUR    13.50
IKB Deutsche Industriebank     4.70  3/31/2017   EUR    23.25
Novolipetsk Steel OJSC        11.10 10/16/2025   RUB   100.10
Banco Espirito Santo SA        1.52  5/27/2018   EUR     3.39
TAG Immobilien AG              6.50 12/10/2015   EUR    11.92
Lehman Brothers Treasury C     5.10   5/8/2017   HKD    13.88
UKRLANDFARMING PLC            10.88  3/26/2018   USD    49.25
UniCredit Bank Austria AG      0.46 12/31/2031   EUR    67.63
Hema Bondco I BV               5.21  6/15/2019   EUR    66.70
City of Kyiv Via Kyiv Fina     9.38  7/11/2016   USD    73.13
Northland Resources AB         4.00 10/15/2020   NOK     0.83
eno energy GmbH                7.38  6/30/2016   EUR    72.85
Matalan Finance PLC            8.88   6/1/2020   GBP    74.17
Portigon AG                    7.46 12/31/2019   EUR    12.46
Virgolino de Oliveira Fina    10.88  1/13/2020   USD    17.50
Credit Suisse AG/Guernsey      0.63              USD    60.97
Exane Finance                  5.00 12/20/2019   SEK    60.44
La Veggia Finance SPA          7.13 11/14/2004   EUR     0.00
Elli Investments Ltd          12.25  6/15/2020   GBP    39.38
Virgolino de Oliveira Fina    10.50  1/28/2018   USD     1.35
Landesbank Hessen-Thuering     0.34   5/3/2041   EUR    71.61
Centrosolar Group AG           7.00  2/15/2016   EUR     2.15
Artea                          6.00   8/4/2019   EUR    14.50
LBI HF                         4.65              EUR     0.00
Orient Express Bank OJSC      13.60   8/9/2018   RUB    25.25
Cooperatieve Centrale Raif     0.50 10/29/2027   MXN    43.69
Heta Asset Resolution AG       7.50  5/27/2024   ATS    16.88
Deutsche Morgan Grenfell G     0.81              USD    58.94
SUEK Finance                  12.50  8/19/2025   RUB    60.07
Solon SE                       1.38  12/6/2012   EUR     0.33
Lloyds Bank PLC               10.13 12/16/2021   CAD    62.23
Mechel                        15.00  2/25/2020   RUB    69.52
LBI HF                         6.10  8/25/2011   USD    10.88
Rosseti PJSC                  11.85  5/26/2025   RUB    60.16
Jasper Explorer PLC           13.50  5/27/2016   USD     6.13
Breeze Finance SA             11.75  4/19/2027   EUR     3.00
Governo Portugues Consolid     3.00              EUR    73.00
Region of Molise Italy         0.45 12/15/2033   EUR    67.38
UniCredit Bank Austria AG      0.55 12/27/2026   EUR    73.00
CHC Helicopter SA              9.25 10/15/2020   USD    55.75
ING Bank Eurasia ZAO          12.00  5/27/2020   RUB   100.50
KPNQwest NV                    7.13   6/1/2009   EUR     0.50
Raiffeisen Bank Internatio     4.50  9/28/2035   EUR    71.50
Finmek International SA        7.00  12/3/2004   EUR     0.13
Kaupthing Bank Hf              6.13  10/4/2016   USD    20.00
City of Kiev Ukraine Via C     8.00  11/6/2015   USD    69.00
Nota-Bank OJSC                13.50 10/13/2016   RUB     0.10
Heta Asset Resolution AG       5.73 12/10/2021   EUR    15.63
HSBC Bank PLC                  0.50  7/30/2027   NZD    50.44
Lehman Brothers Treasury C     5.00  3/18/2015   EUR    13.88
Volkswagen Bank Rus OOO        9.35  6/29/2019   RUB    60.02
SU-155 KAPITAL OOO            13.25  2/23/2016   RUB    22.15
Kaupthing Bank Hf              7.50   2/1/2045   USD     0.00
Cooperatieve Centrale Raif     0.50 10/30/2043   MXN    13.07
CARPEVIGO AG                   8.25  6/30/2016   EUR    25.00
RusHydro PJSC                 12.75  4/15/2025   RUB   101.01
Penell GmbH Elektrogroshan     7.75  6/10/2019   EUR    12.00
Standard Chartered PLC         0.59              USD    59.00
Baltijskij Bereg ZAO          18.00 12/22/2017   RUB    35.29
OAS Investments GmbH           8.25 10/19/2019   USD     5.38
Lehman Brothers Treasury C     5.00  9/22/2014   EUR    13.88
Glitnir HF                     6.33  7/28/2011   USD    27.13
SAir Group                     6.25  4/12/2005   CHF    11.00
Santander Finance Capital      2.00              USD    40.13
Governo Portugues Consolid     2.75              EUR    61.00
Sairgroup Finance BV           6.63  10/6/2010   EUR    16.88
SUEK Finance                  12.50  8/19/2025   RUB    60.07
BLT Finance BV                12.00  2/10/2015   USD    10.50
Cooperatieve Centrale Raif     0.50 11/30/2027   MXN    44.55
Lehman Brothers Treasury C     5.00  2/16/2015   EUR    13.88
Deutsche Bank AG/London        0.50   3/9/2018   BRL
CRC Breeze Finance SA          6.11   5/8/2016   EUR    54.38
Banco Comercial Portugues      5.00              EUR    61.00
Privatbank CJSC Via UK SPV    10.88  2/28/2018   USD    61.50
Bank Nederlandse Gemeenten     0.50  6/22/2021   ZAR    62.44
Phones4u Finance PLC           9.50   4/1/2018   GBP    37.75
Hellenic Bank PCL             11.00              EUR    47.00
Heta Asset Resolution AG       4.88  9/18/2017   EUR    16.63
Kommunekredit                  0.50  7/30/2027   TRY    26.37
Virgolino de Oliveira Fina    11.75   2/9/2022   USD     1.17
LBI HF                         3.00  12/7/2010   CHF     8.50
UniCredit Bank Austria AG      0.30  1/25/2031   EUR    69.75
Freshwater Finance PLC         6.06 10/17/2036   GBP    62.00
Allied Irish Banks PLC         5.25  3/10/2035   GBP    26.50
Heta Asset Resolution AG       4.63   3/4/2018   EUR    65.75
KA Finanz AG                   4.90  6/23/2031   EUR    64.25
DEIKON GmbH                    1.00   7/1/2016   EUR    18.05
Commerzbank AG                 5.00  9/27/2019   EUR    30.00
Mechel                        15.00  2/25/2020   RUB    69.81
Accentro Real Estate AG        6.25  3/27/2019   EUR     2.73
Bremer Landesbank Kreditan     0.41   4/5/2041   EUR    74.13
Barclays Bank PLC              1.99  12/1/2040   USD    71.78
Far East Capital Ltd SA        8.00   5/2/2018   USD    62.50
Deutsche Bank AG               3.20  3/22/2016   EUR    49.80
Kaupthing Bank Hf              6.13  10/4/2016   USD    20.00
International Finance Faci     0.50  6/29/2020   ZAR    65.66
Absolut Bank PAO              11.50  7/27/2016   RUB    60.02
Lloyds Bank PLC                2.01  2/22/2033   USD    64.85
Seabird Exploration PLC        6.00 12/18/2015   USD    27.00
Municipality Finance PLC       0.50   8/8/2029   NZD    58.37
Heta Asset Resolution AG       0.25  9/26/2043   EUR    65.50
Locko-Bank ZAO                14.50  9/22/2025   RUB    60.03
BKN biostrom AG                7.50   6/5/2016   EUR     1.50
Codere Finance Luxembourg      8.25  6/15/2015   EUR    72.38
Comune di Verona               0.18  12/1/2026   EUR    64.90
Lehman Brothers Treasury C     4.00  2/16/2017   EUR    16.25
SV Patrimonia                  4.00  4/19/2016   EUR    51.00
HSBC Trinkaus & Burkhardt      5.10   6/2/2016   EUR    70.68
AO Bank Intesa                12.75  6/10/2018   RUB    61.01
Montepio Holding SGPS SA       5.00              EUR    50.00
Hamburgische Landesbank Gi     0.31 10/30/2040   EUR    62.68
Santander Finance Capital      2.00              USD    46.00
Kaupthing Bank Hf              5.25  7/18/2017   BGN    20.00
Raiffeisenlandesbank Niede     5.00   7/1/2026   EUR    73.25
Lehman Brothers Treasury C     8.25  12/3/2015   EUR    13.88
Heta Asset Resolution AG       1.59  6/30/2019   CHF    65.50
DEMIRE Real Estate AG          6.00 12/30/2018   EUR     3.70
RSL Communications PLC        10.13   3/1/2008   USD     0.00
OT-Optima Telekom DD           5.25  5/30/2022   HRK    50.00
WPE International Cooperat    10.38  9/30/2020   USD     7.00
Nota-Bank OJSC                13.50   4/1/2016   RUB    42.04
Center-Invest Commercial B     9.20 11/13/2018   RUB    60.01
ffk environment GmbH           7.25   6/1/2016   EUR     3.01
Far East Capital Ltd SA        8.75   5/2/2020   USD    61.66
KPNQwest NV                    8.13   6/1/2009   USD     0.50
DEIKON GmbH                    1.00 11/16/2016   EUR    38.00
Federal Grid Co Unified En     7.75  9/15/2020   RUB    85.00
Bashneft PAO                   8.35 12/13/2016   RUB    96.01
Espirito Santo Financial G     5.05 11/15/2025   EUR     1.29
Province of Milan Italy        0.30 12/22/2033   EUR    71.62
wige MEDIA AG                  6.00  3/17/2019   EUR     1.90
Kommunalkredit Austria AG      0.56 10/25/2021   EUR    44.25
Kamaz PJSC                    13.50  6/12/2020   RUB   100.01
Mechel                         8.40  5/27/2021   RUB    57.50
Lehman Brothers Treasury C     4.50   5/2/2017   EUR     3.05
Lehman Brothers Treasury C     6.65  8/24/2011   AUD    13.88
Nordea Bank Finland Abp        3.01 10/20/2019   SEK    59.50
Mriya Agro Holding PLC        10.95  3/30/2016   USD    15.63
Kommunalbanken AS              0.50   3/2/2018   BRL    74.52
Aeroexpress OOO               11.00  1/13/2017   RUB    60.15
Lehman Brothers Treasury C     5.25  5/26/2026   EUR     3.05
DeltaCredit Bank              10.35   5/6/2024   RUB    60.01
Deutsche Bank AG/London        0.50  10/5/2021   IDR    47.96
Bank Nederlandse Gemeenten     0.50   8/9/2022   MXN    69.09
Svensk Exportkredit AB         0.50  4/24/2029   AUD    57.79
Nordea Bank Finland Abp        1.71 10/20/2019   SEK    70.00
SU-155 KAPITAL OOO            13.25  2/23/2016   RUB    21.07
Immigon Portfolioabbau AG      0.97  5/20/2025   EUR    21.75
Svensk Exportkredit AB         0.50  1/31/2022   ZAR    56.34
Leonteq Securities AG         11.00  7/20/2016   EUR    45.67
DeltaCredit Bank              12.10  7/28/2025   RUB    60.25
BLT Finance BV                 7.50  5/15/2014   USD     5.00
RSL Communications PLC        10.50 11/15/2008   USD     0.00
Skue Sparebank                 2.27              NOK    70.36
Lehman Brothers Treasury C     4.00 10/24/2012   EUR     3.05
UniCredit Bank AG              0.68 11/19/2029   EUR    72.38
Lehman Brothers Treasury C    11.00 12/20/2017   AUD     3.05
Rusfinans Bank OOO            12.10  9/29/2020   RUB    60.56
Ukreximbank Via Biz Financ     7.51   2/9/2023   USD    74.11
WGF Westfaelische Grundbes     6.35  12/1/2016   EUR     6.66
Lenta LLC                     12.40  8/28/2025   RUB    60.14
Nordea Bank Finland Abp        4.35  4/20/2020   SEK    58.00
Lehman Brothers Treasury C     5.00  5/12/2011   CHF     3.05
Solarwatt GmbH                 7.00  11/1/2015   EUR    14.50
Nota-Bank OJSC                14.50   6/6/2018   RUB    30.02
Lehman Brothers Treasury C     3.03  1/31/2015   EUR     3.05
SAir Group                     0.13   7/7/2005   CHF    11.13
Sistema JSFC                   7.65  3/15/2016   RUB    59.41
Atari SA                       7.50  2/17/2020   EUR     0.22
Lehman Brothers Treasury C     1.00   5/9/2012   EUR     3.05
Lehman Brothers Treasury C     6.00 10/30/2012   EUR     3.05
Lehman Brothers Treasury C     4.00  12/2/2012   EUR     3.05
A-TEC Industries AG            2.75  5/10/2014   EUR     2.00
Mechel                         8.40   6/1/2021   RUB    58.03
Deutsche Bank AG/London        5.65  6/30/2034   USD    73.00
Sidetur Finance BV            10.00  4/20/2016   USD     5.50
Lehman Brothers Treasury C     4.00  7/20/2012   EUR     3.05
LBBW                           5.00  3/24/2016   EUR    65.27
Anglian Water Services Fin     1.09  1/26/2057   GBP    69.57
Atari SA                       0.10   4/1/2020   EUR     2.41
Enemona AD-Kozloduy           10.00  4/28/2017   BGN     0.13
Bank Nederlandse Gemeenten     0.50  7/12/2022   ZAR    55.34
Credit Suisse AG/London        1.64   6/1/2042   USD    52.89
Lehman Brothers Treasury C     6.00  2/14/2012   EUR     3.05
SAG Solarstrom AG              7.50  7/10/2017   EUR    45.00
Heta Asset Resolution AG       0.83  5/28/2017   EUR    65.50
Banque Cantonale Vaudoise     17.75 11/17/2015   CHF    41.20
Credit Europe Bank Ltd        11.40  6/26/2017   RUB    60.01
LBBW                           2.00  3/29/2016   EUR    66.66
Rusfinans Bank OOO            13.90  4/24/2018   RUB    61.89
Russian Bank for Small and     8.25 11/26/2016   RUB    57.04
Heta Asset Resolution AG       0.24  8/12/2017   EUR    65.50
DZ Bank AG Deutsche Zentra     3.00 12/28/2015   EUR    69.67
Lehman Brothers Treasury C     4.00  4/13/2011   CHF     3.05
HSBC Bank PLC                  0.50  9/28/2018   IDR    73.14
Lehman Brothers Treasury C     6.00  3/18/2015   USD    13.88
SG Option Europe SA            7.00   5/5/2017   EUR    67.57
Exane Finance                  2.70  9/26/2016   USD    44.66
Transcapitalbank JSC          12.50  3/15/2016   RUB    60.02
OL Groupe SA                   7.00 12/28/2015   EUR     7.58
Svensk Exportkredit AB         0.50  8/25/2021   ZAR    60.44
Bank Nederlandse Gemeenten     0.50  8/15/2022   ZAR    56.81
Kommunekredit                  0.50 12/14/2020   ZAR    66.33
Astana Finance BV              9.00 11/16/2011   USD    16.00
Credit Suisse AG/London       10.50  9/30/2020   USD    10.35
Banca delle Marche SpA         8.00  6/30/2018   EUR    20.25
Barclays Bank PLC              0.50  4/24/2023   MXN    61.61
Vontobel Financial Product     5.84   9/9/2016   EUR    25.10
IT Holding Finance SA          9.88 11/15/2012   EUR     0.19
Wlodarzewska SA                9.22  5/15/2016   PLN    33.00
Bank Nederlandse Gemeenten     0.50  9/20/2022   ZAR    54.79
International Finance Faci     0.50  6/24/2024   ZAR    42.70
Lehman Brothers Treasury C     5.00  2/27/2014   EUR    13.88
Heta Asset Resolution AG       0.24  3/12/2043   EUR    65.50
Banca delle Marche SpA         6.00   5/8/2018   EUR    20.25
Lehman Brothers Treasury C     7.00 11/26/2013   EUR    13.88
Vnesheconombank               11.50  8/20/2020   RUB    59.59
KPNQwest NV                    8.88   2/1/2008   EUR     0.50
RusHydro PJSC                 11.85   7/4/2018   RUB    60.03
Russian Bank for Small and     8.25 11/26/2016   RUB    59.02
Muehl Product & Service AG     6.75  3/10/2005   DEM     1.75
Lehman Brothers Treasury C     8.00 10/17/2014   EUR     3.05
A-TEC Industries AG            5.75  11/2/2010   EUR     2.00
Bank National Factoring Co    14.00 10/17/2016   RUB   100.00
Rostelecom PJSC               10.50   6/7/2018   RUB    60.03
KA Finanz AG                   4.44 12/20/2030   EUR    61.13
RSL Communications PLC         9.13   3/1/2008   USD     0.00
Takko Luxembourg 2 SCA         6.95  4/15/2019   EUR    59.00
Glitnir HF                     4.75 10/15/2010   USD    27.13
Heta Asset Resolution AG       5.27   4/7/2028   EUR    16.88
Landesbank Hessen-Thuering     0.36  4/23/2041   EUR    72.12
Kommunalbanken AS              0.50  5/27/2022   ZAR    55.65
Mobile TeleSystems PJSC        5.00  6/29/2021   RUB    64.13
Ecureuil Vie Developpement     0.91              EUR    27.13
Ingra DD                       6.13  12/6/2016   HRK    12.99
MirLand Development Corp P     6.50 12/31/2015   ILS    39.20
MORTGAGE AGENT AHML 13-1       8.50   9/9/2045   RUB    57.00
CBo Territoria                 6.00   1/1/2020   EUR     4.05
Cerruti Finance SA             6.50  7/26/2004   EUR     1.60
Rusfinans Bank OOO            11.90  7/18/2018   RUB    60.34
Heta Asset Resolution AG       5.80  6/17/2017   EUR    65.50
BNP Paribas Emissions- und    10.00 12/22/2016   EUR    75.86
Municipality Finance PLC       0.50  3/28/2018   BRL    74.08
Lehman Brothers Treasury C     6.30 12/21/2018   USD     1.73
PKVIT OOO                     11.00 10/14/2020   RUB    63.13
WGF Westfaelische Grundbes     6.35   8/1/2017   EUR     2.06
Kaupthing Bank Hf              7.13  5/19/2016   USD     0.00
Lehman Brothers Treasury C     1.46  2/19/2012   JPY    13.88
Federal Grid Co Unified En     7.50 10/16/2020   RUB    60.01
Baltic Leasing OOO            15.10  2/12/2021   RUB    60.03
hkw personalkonzepte GmbH      8.25 11/15/2016   EUR     3.15
Societe Centrale des Bois      9.00   7/1/2016   EUR     7.15
Absolut Bank PAO              10.19  4/29/2020   RUB    60.02
Armenian Treasury Bonds       10.00 10/29/2023   AMD    75.00
Province of Brescia Italy      0.35  6/30/2036   EUR    67.45
Lehman Brothers Treasury C     5.00   5/2/2022   EUR     3.05
Lehman Brothers Treasury C     8.00  2/16/2016   EUR     3.05
Municipality Finance PLC       0.50  6/19/2024   ZAR    44.27
Rusfinans Bank OOO            11.60 11/11/2015   RUB    99.95
Societe Generale SA            0.50  5/30/2023   MXN    63.21
Interregional Distribution    12.42  5/23/2025   RUB    63.88
Marine Subsea AS               9.00 12/16/2019   USD     0.50
Immigon Portfolioabbau AG      4.26  3/22/2024   EUR    36.63
UBS AG                        14.75 12/29/2015   EUR    71.36
Republika Srpska               9.00  9/26/2027   BAM    70.51
Credit Suisse AG/London       13.00   6/6/2016   USD    59.20
Heta Asset Resolution AG       3.42  11/7/2016   EUR    64.88
Heta Asset Resolution AG       0.06  1/24/2017   EUR    65.00
Codere Finance Luxembourg      8.25  6/15/2015   EUR    72.38
Heta Asset Resolution AG       0.37  3/29/2017   EUR    65.50
Locko-Bank ZAO                13.75   4/2/2020   RUB    60.01
Heta Asset Resolution AG       0.21   4/9/2018   EUR    65.50
Vneshprombank Ltd             15.00  3/23/2020   RUB    62.03
Rossiysky Capital OJSC        18.00  1/20/2020   RUB    60.67
LBBW                           4.00  4/22/2016   EUR    52.27
Lehman Brothers Treasury C     5.55  3/12/2015   EUR     3.05
HSBC Bank PLC                  0.50 12/29/2026   AUD    70.91
ECM Real Estate Investment     5.00  10/9/2011   EUR    10.38
LBBW                           2.90  8/26/2016   EUR    71.12
VTB Capital Finance OOO        0.10   8/9/2022   RUB    57.02
Heta Asset Resolution AG       5.03  1/26/2017   EUR    15.00
Europlan AO                   13.60  8/23/2021   RUB    60.12
HSBC Bank PLC                  0.50  4/27/2027   NZD    51.69
BNP Paribas SA                 0.50  9/29/2029   AUD    60.47
City of Siret Romania          2.77   3/1/2028   RON    60.00
Immigon Portfolioabbau AG      5.27   2/8/2027   EUR    62.75
Heta Asset Resolution AG       0.20  4/22/2018   EUR    65.50
Bashneft PAO                  12.10   6/3/2025   RUB    60.01
Credit Suisse AG              11.00  3/28/2016   USD     6.05
Akademiska Hus AB              2.08  4/17/2045   SEK    73.10
Immigon Portfolioabbau AG      3.55  4/12/2022   EUR    74.70
Efesk Group                   13.25  6/14/2016   RUB    53.00
Kaupthing Bank Hf              9.75  9/10/2015   USD    20.00
Dolomite Capital Ltd          12.21 12/20/2019   ZAR    57.29
Svyaznoy Bank ZAO             15.00   6/8/2018   RUB    79.00
International Finance Faci     0.50  6/29/2027   ZAR    29.67
Bank Nederlandse Gemeenten     0.50  9/20/2022   MXN    68.94
Kerdos Group SA                8.00 12/15/2017   PLN    17.01
Immigon Portfolioabbau AG      0.49  3/14/2020   EUR    70.41
Salvator Grundbesitz-AG        9.50 12/31/2021   EUR    11.00
Kaupthing Bank Hf              3.75  2/15/2024   ISK    20.00
Bank St Petersburg PJSC       10.70   9/8/2016   RUB    60.45
Heta Asset Resolution AG       5.04  2/15/2023   EUR    65.50
Raiffeisen Centrobank AG       7.25  9/26/2016   EUR    50.00
Credit Suisse AG/Nassau        8.05  9/27/2016   CHF    45.06
Deutsche Bank AG/London        0.34   2/1/2016   EUR    67.00
Eksportfinans ASA              0.50   5/9/2030   CAD    21.88
UniCredit Bank AG              4.20  8/29/2016   EUR    65.74
MirLand Development Corp P     8.50  8/31/2016   ILS    36.60
Union Technologies Informa     0.10   1/1/2020   EUR    21.63
Leonteq Securities AG/Guer    29.61 10/26/2017   EUR    28.70
URALSIB Leasing Co OOO        10.50  4/17/2018   RUB    60.01
Mortgage Agent Absolut 2       8.90  8/12/2041   RUB    94.35
Svensk Exportkredit AB         0.50  2/22/2022   ZAR    54.87
Lehman Brothers Treasury C     7.00   6/6/2017   EUR     3.05
Lehman Brothers Treasury C     1.75   2/7/2010   EUR     3.30
HSBC Bank PLC                  0.50 10/30/2018   IDR    72.32
Europlan AO                   12.50 10/31/2017   RUB    60.02
Ideal Standard Internation    11.75   5/1/2018   EUR    31.63
VEB-Leasing OAO               13.09  6/23/2020   RUB    60.66
Credit Suisse AG/London       10.50  6/20/2016   USD    54.80
Svensk Exportkredit AB         0.50  3/28/2029   AUD    68.19
Tatfondbank OAO               15.00  3/21/2025   RUB    90.00
Barclays Bank PLC              3.50  12/7/2015   EUR    65.60
Salvator Grundbesitz-AG        9.50              EUR    40.00
Federal Grid Co Unified En     8.00   1/7/2028   RUB    73.26
Royal Bank of Scotland Gro     4.24  1/12/2046   EUR    73.75
Rusfinans Bank OOO            12.00  6/30/2020   RUB    60.23
Russian Railways JSC          17.90  9/20/2039   RUB    10.48
Immigon Portfolioabbau AG      4.50   9/7/2020   EUR    25.00
Lehman Brothers Treasury C     5.50  6/22/2010   USD    16.25
Notenstein Finance Guernse     1.00  9/17/2019   CHF    74.27
LBBW                           2.51  8/26/2016   EUR    65.50
Kommunekredit                  0.50  2/20/2020   BRL    56.46
Spoldzielczy Bank Rzemiosl     4.99   7/8/2021   PLN    72.00
Bayerische Landesbank          5.00 10/17/2016   EUR    67.10
Wlodarzewska SA                9.22  5/15/2016   PLN    37.60
Deutsche Bank AG               5.20  6/22/2016   EUR    56.60
Banca delle Marche SpA         6.00  6/12/2018   EUR    20.25
Sovcombank ICB JSC            11.00  6/20/2016   RUB    60.02
Heta Asset Resolution AG       3.72  3/15/2017   EUR    65.50
Mortgage Agent Absolut 1       9.20 11/12/2040   RUB    96.45
Czerwona Torebka SA            6.81  4/15/2016   PLN    62.00
Russian Railways JSC          12.40  5/30/2040   RUB    60.01
Lehman Brothers Treasury C     7.50   5/2/2017   EUR     3.05
Lehman Brothers Treasury C    12.40  6/12/2009   USD     3.05
ING Bank NV                    5.05  10/7/2024   EUR    62.83
Bank Nederlandse Gemeenten     0.50   6/7/2022   ZAR    57.70
SAir Group                     4.25   2/2/2007   CHF    11.13
Municipality Finance PLC       0.50 11/25/2020   ZAR    64.75
Sviaz Bank OAO                12.25  4/13/2022   RUB    60.23
Bank Julius Baer & Co Ltd/    13.25 11/16/2015   USD    72.30
UBS AG                        12.00 12/29/2015   EUR    47.17
UBS AG                         8.88  2/26/2016   USD    12.89
UTair-Finans OOO              13.00 11/13/2015   RUB    30.00
Svensk Exportkredit AB         0.50  8/28/2018   BRL    67.80
Lehman Brothers Treasury C     8.88  1/28/2011   HKD    13.88
Lehman Brothers Treasury C     6.00  3/14/2011   EUR    13.88
Landesbank Hessen-Thuering     5.50  5/27/2016   EUR    73.30
Lehman Brothers Treasury C     5.00  8/16/2017   EUR    13.88
Bashneft PAO                  12.00  5/19/2025   RUB    60.01
KFW                            0.25  10/6/2036   CAD    38.76
Vontobel Financial Product     8.00  9/29/2017   EUR    67.94
Credit Suisse AG/London       10.25  5/31/2016   USD    59.00
Transgazservice LLP           10.50  11/8/2019   RUB    55.27
HSBC Bank PLC                  0.50  5/31/2019   IDR    67.01
HSBC Bank PLC                  0.50   4/3/2023   AUD    74.30
Municipality Finance PLC       0.50 12/14/2018   TRY    71.57
Immigon Portfolioabbau AG      1.80  5/24/2018   EUR    70.25
Lehman Brothers Treasury C     4.05  9/16/2008   EUR     3.05
Svensk Exportkredit AB         0.50  6/20/2029   AUD    65.76
Windreich GmbH                 6.75   3/1/2015   EUR    10.88
Immigon Portfolioabbau AG      4.81  7/29/2025   EUR    61.00
Metalloinvest Holding Co O    11.85 10/21/2025   RUB    70.00
WGZ-Bank AG Westdeutsche G     4.05  12/9/2015   EUR    58.23
DekaBank Deutsche Girozent     5.55 11/20/2015   EUR    58.49
Bulgaria Steel Finance BV     12.00   5/4/2013   EUR     0.47
MirLand Development Corp P     7.21  5/31/2020   ILS    29.82
East Syberian Mortgage Age     8.75  8/11/2046   RUB    92.35
Lehman Brothers Treasury C     4.82 12/18/2036   EUR     3.05
Lehman Brothers Treasury C    15.00   6/4/2009   CHF     3.05
UBS AG/London                  4.61  7/13/2016   USD    34.75
Deutsche Bank AG               2.57  6/28/2033   USD    70.50
NIBC Bank NV                  25.98   5/7/2029   EUR    63.67
Lehman Brothers Treasury C     4.87  10/8/2013   USD     3.05
Russian Railways JSC          16.80  5/29/2035   RUB    10.67
KPNQwest NV                    8.88   2/1/2008   EUR     0.50
Araratbank OJSC                8.00  6/11/2018   USD    25.61
Sovcombank ICB JSC            13.50   2/7/2019   RUB    60.17
Barclays Bank PLC              0.50  3/26/2021   MXN    72.61
Kommunekredit                  0.50  9/19/2019   BRL    60.84
Espirito Santo Financial P     5.63  7/28/2017   EUR     2.25
Phosphorus Holdco PLC         10.00   4/1/2019   GBP     1.98
Deutsche Bank AG               3.20 12/22/2015   EUR    61.40
Lehman Brothers Treasury C     4.35   8/8/2016   SGD    13.88
Glitnir HF                     6.69  6/15/2016   USD     0.02
SAir Group                     2.13  11/4/2004   CHF    11.00
Societe Generale SA            0.42  1/31/2033   USD    68.59
Immigon Portfolioabbau AG      5.26   2/5/2025   EUR    37.25
HSBC Trinkaus & Burkhardt      5.00   7/1/2016   EUR    46.46
Credit Europe Bank Ltd        15.00  3/22/2018   RUB    60.78
Lehman Brothers Treasury C     2.00  6/21/2011   EUR     3.05
Lehman Brothers Treasury C    14.90 11/16/2010   EUR     3.05
Svensk Exportkredit AB         0.50  8/28/2020   TRY    59.20
Rusfinans Bank OOO            10.88  8/22/2019   RUB    59.77
Russian Railways JSC          11.20 10/16/2025   RUB    60.06
MT-Energie GmbH & Co KG        8.25   4/4/2017   EUR    11.20
Municipiul Timisoara           1.18  5/12/2026   RON    70.00
Driver & Bengsch AG            8.50 12/31/2027   EUR     0.00
SAir Group                     5.50  7/23/2003   CHF    11.00
Ladya Finans LLC              12.00 10/29/2021   RUB    60.00
Heta Asset Resolution AG       0.69  9/20/2017   EUR    16.88
HSBC Bank PLC                  0.50  2/24/2027   NZD    52.42
Zurcher Kantonalbank Finan    12.03  3/11/2016   EUR    56.85
Lehman Brothers Treasury C     4.00  7/27/2011   EUR     3.05
Immigon Portfolioabbau AG      1.75   9/9/2020   EUR    48.13
Municipality Finance PLC       0.50   5/8/2029   AUD    56.72
Lehman Brothers Treasury C     4.10  6/10/2014   SGD    16.25
Glitnir HF                     6.38  9/25/2012   USD    27.13
Lehman Brothers Treasury C     8.50   7/5/2016   EUR    13.88
Soyuz AKB OAO                 14.50  6/11/2020   RUB    60.01
Heta Asset Resolution AG       4.54  9/22/2017   EUR    65.50
Societe Generale SA            1.04  2/28/2034   USD    66.47
Societe Generale SA            2.95   8/1/2016   USD    54.50
UBS AG/London                  7.78  1/22/2016   USD    35.25
Zurcher Kantonalbank Finan    10.90   6/3/2016   CHF    68.50
Banca delle Marche SpA         7.75  6/30/2018   EUR    20.25
Oberoesterreichische Lande     0.30  4/25/2042   EUR    50.38
Lehman Brothers Treasury C    13.00  2/16/2009   CHF     3.05
Raiffeisen Versicherung AG     5.08              EUR    34.25
Cooperatieve Centrale Raif     0.50 12/29/2027   MXN    44.26
HSBC Bank PLC                  0.50  5/29/2020   IDR    60.00
World of Building Technolo     7.70  6/25/2019   RUB     2.50
Pongs & Zahn AG                8.50              EUR     0.30
Credit Suisse AG/London        8.00 11/29/2019   USD     6.99
Heta Asset Resolution AG       6.94  6/10/2017   EUR    65.50
RSL Communications PLC        12.00  11/1/2008   USD     0.00
Svensk Exportkredit AB         0.50  3/15/2022   ZAR    54.28
Vontobel Financial Product     5.60 12/29/2015   EUR    45.25
Credit Suisse AG/Nassau        8.00   2/8/2016   USD    55.57
MirLand Development Corp P     6.00 11/30/2017   ILS    29.00
Leonteq Securities AG         11.80  2/17/2016   USD    61.32
Banca delle Marche SpA         7.20  6/30/2018   EUR    20.25
Immigon Portfolioabbau AG      6.60   5/6/2023   EUR    48.75
Heta Asset Resolution AG       3.90  1/24/2017   EUR    63.75
Cooperatieve Centrale Raif     0.50  1/31/2033   MXN    27.87
Mortgage agent Vozrojdenie     9.00 10/26/2046   RUB    58.00
UTair-Finans OOO               9.50  7/21/2016   RUB    25.00
KPNQwest NV                    7.13   6/1/2009   EUR     0.50
Glitnir HF                     5.31 12/24/2012   USD    27.13
Heta Asset Resolution AG       0.37  3/29/2017   EUR    65.50
Heta Asset Resolution AG       0.20   7/1/2017   EUR    65.50
UBS AG/London                  7.49  8/24/2016   USD    36.39
Rena Lange Holding GmbH        8.00 12/12/2017   EUR     0.38
Northland Resources AB        12.25  3/26/2016   USD     1.00
RusHydro PJSC                 11.85   7/4/2018   RUB    60.01
Freshwater Finance PLC         6.18  4/20/2035   GBP    64.63
Deutsche Bank AG               8.50 12/20/2016   EUR    55.00
Commerzbank AG                10.00  5/26/2016   EUR    73.92
BNP Paribas Emissions- und     6.00  9/22/2016   EUR    53.73
Housing Financing Fund         2.70   1/1/2020   ISK    69.98
Dresdner Bank AG               0.65 11/19/2029   EUR    63.00
Lehman Brothers Treasury C    23.30  9/16/2008   USD     3.05
Heta Asset Resolution AG       4.40  6/20/2017   EUR    65.50
HSBC Bank PLC                  0.50  11/9/2018   IDR    72.37
Raiffeisen-Holding Niedero     5.10              EUR    66.94
HSBC Bank PLC                  0.50  4/11/2023   MXN    65.51
HSBC Bank PLC                  0.50   6/4/2018   IDR    74.65
Sviaz Bank OAO                15.00  3/24/2018   RUB    60.03
Societe Generale SA            1.35  3/31/2034   USD    66.01
Nutritek International Cor     8.75 12/11/2008   USD     2.00
Russian Railways JSC          16.60  9/19/2033   RUB    60.00
RSL Communications PLC         9.88 11/15/2009   USD     0.00
Ashinskiy metallurgical wo    17.10  6/17/2024   RUB    60.02
EFG International Finance      6.48  5/29/2018   EUR    31.08
Exane Finance                  6.25 12/20/2019   SEK    67.88
JP Morgan Structured Produ    12.00 11/24/2021   ZMW
Erste Group Bank AG            6.80  8/28/2016   EUR    60.95
HSBC Trinkaus & Burkhardt      5.03  3/24/2016   EUR    65.43
Credit Suisse AG/Nassau        6.00  10/3/2016   EUR    44.23
Oberoesterreichische Lande     0.32  11/6/2030   EUR    65.25
Lehman Brothers Treasury C    14.90  9/15/2008   EUR     3.05
Lehman Brothers Treasury C     6.25   9/5/2011   EUR     3.05
Lehman Brothers Treasury C    11.00   7/4/2011   CHF     3.05
Immigon Portfolioabbau AG      2.15  3/25/2019   EUR    62.38
Barclays Bank PLC              0.50  3/19/2021   MXN    72.70
Immigon Portfolioabbau AG      3.50  3/20/2018   EUR    72.38
AK Transneft OAO              12.50 12/21/2015   RUB    60.06
Municipality Finance PLC       0.50 11/21/2018   TRY    72.04
HSBC Bank PLC                  0.50 10/30/2026   NZD    53.28
Eiendomskreditt                4.35              NOK    68.48
Tatfondbank OAO               14.00 12/11/2024   RUB    60.66
UniCredit Bank AO             12.00 11/20/2019   RUB    60.11
SAir Group                     6.25 10/27/2002   CHF    11.63
Heta Asset Resolution AG       0.21   3/4/2018   EUR    65.50
Lehman Brothers Treasury C     7.60  1/31/2013   AUD     3.05
DekaBank Deutsche Girozent     4.92  1/27/2016   EUR    56.65
Vontobel Financial Product     5.00  2/13/2017   EUR    50.89
Banque Cantonale Vaudoise      6.00  5/26/2016   CHF    45.34
UniCredit Bank Austria AG      0.44  1/22/2031   EUR    65.88
Lehman Brothers Treasury C     6.50  7/24/2026   EUR     3.05
Lehman Brothers Treasury C     7.00  2/15/2012   EUR     3.05
Heta Asset Resolution AG       0.13  2/17/2017   EUR    64.63
Heta Asset Resolution AG       0.04   8/1/2017   EUR    65.50
Immigon Portfolioabbau AG      3.88  3/15/2022   EUR    44.75
Immigon Portfolioabbau AG      2.00  4/24/2020   EUR    52.00
Interregional Distribution    12.42  5/23/2025   RUB    60.01
Bashneft PAO                  12.00   5/9/2025   RUB    60.01
Konservenfabrik Zachow Gmb     8.00   4/1/2016   EUR     0.00
SG Issuer SA                   5.50  4/10/2021   EUR    66.11
Republika Srpska              11.50  9/25/2026   BAM    71.00
Glitnir HF                     7.32 12/19/2012   USD    27.13
VEB-Leasing OAO               13.50  2/18/2025   RUB   100.05
Kerdos Group SA                8.00  3/31/2016   PLN    48.00
SAir Group                     5.13   3/1/2003   CHF    11.00
Bank Julius Baer & Co Ltd/     9.75  3/11/2016   EUR    58.45
Lehman Brothers Treasury C     7.38  9/20/2008   EUR     3.05
Lehman Brothers Treasury C    11.00  6/29/2009   EUR     3.05
Lehman Brothers Treasury C     5.00  2/28/2032   EUR     3.05
Lehman Brothers Treasury C     4.00  2/28/2010   EUR     3.05
Lehman Brothers Treasury C    10.00 10/23/2008   USD     3.05
Svensk Exportkredit AB         0.50  4/25/2019   BRL    61.68
Svensk Exportkredit AB         0.50  6/26/2019   TRY    67.18
Zapsibcombank PAO             14.85 12/12/2019   RUB    75.00
Bosnia & Herzegovina Gover     2.50  6/30/2022   BAM    73.01
Immigon Portfolioabbau AG      7.00  7/24/2022   EUR    63.69
Bank J Safra Sarasin AG/Gu    11.02 12/30/2015   EUR    49.09
UniCredit Bank AG              4.40  11/2/2017   EUR    59.40
Glitnir HF                     5.86  7/28/2016   GBP    27.13
Immigon Portfolioabbau AG      0.88  2/11/2019   EUR    58.38
GFI Informatique SA/France     5.25   1/1/2017   EUR     6.57
Lehman Brothers Treasury C    12.00  7/13/2037   JPY     3.05
Leonteq Securities AG/Guer     6.89 12/30/2015   USD    61.98
UBS AG/London                  5.50  7/10/2017   CHF    66.61
Vontobel Financial Product     5.00   7/4/2016   EUR    53.00
Notenstein Privatbank AG       8.99  7/22/2019   EUR    67.11
UBS AG/London                  6.50  3/11/2016   GBP    73.67
UniCredit Bank Austria AG      0.34  1/24/2031   EUR    66.38
Heta Asset Resolution AG       0.07  7/18/2017   EUR    65.50
Immigon Portfolioabbau AG      4.20  2/22/2033   EUR    19.75
Lehman Brothers Treasury C     3.20  3/19/2018   JPY     3.05
Vnesheconombank                2.00  6/18/2021   RUB    60.81
Ipotechny Agent Moskovsky      7.00  9/17/2028   RUB    61.13
URALSIB Leasing Co OOO        10.50  4/17/2018   RUB    60.01
Lehman Brothers Treasury C     3.86  9/21/2011   SGD    16.25
Nordea Bank Finland Abp        8.00  9/10/2016   SEK    74.51
Credit Suisse AG/London        7.25 11/16/2015   USD    71.88
Glitnir HF                     6.00 12/15/2012   GBP    27.13
Heta Asset Resolution AG       0.20   4/2/2018   EUR    65.50
Kaupthing Bank Hf              5.00   1/4/2027   SKK    18.25
BNP Paribas Emissions- und     3.00  2/23/2017   EUR    72.17
Veniti SA                      9.70  3/28/2016   PLN    50.00
First St Petersburg Mortga     8.50  7/15/2041   RUB    57.00
ECA                            2.50   1/1/2018   EUR    12.00
COFIDUR SA                     0.10 12/31/2024   EUR    15.00
UniCredit Bank AG              4.88  8/25/2017   EUR    64.96
Credit Suisse AG/London        9.00 12/18/2015   USD    37.19
Mechel                         8.00   2/9/2021   RUB    42.00
Vontobel Financial Product     6.50 11/25/2016   EUR    45.69
Vnesheconombank                9.75  8/16/2029   RUB    60.01
Banque Cantonale Vaudoise/     8.20   3/3/2016   EUR    62.89
Landesbank Hessen-Thuering     5.10  4/15/2016   EUR    56.50
Credit Suisse AG/Nassau        7.00  6/27/2016   EUR    74.04
Hellas Telecommunications      8.50 10/15/2013   EUR     0.01
Lehman Brothers Treasury C     5.10  6/22/2046   EUR     3.05
Lehman Brothers Treasury C    15.00  3/30/2011   EUR     3.05
Lehman Brothers Treasury C     2.30   6/6/2013   USD     3.05
Lehman Brothers Treasury C     7.00  2/15/2010   CHF     3.05
Lehman Brothers Treasury C     8.00  3/19/2012   USD     3.05
Immigon Portfolioabbau AG      4.80   5/9/2025   EUR    35.00
Heta Asset Resolution AG       0.17  5/10/2017   EUR    65.50
LBI HF                         7.43              USD     0.00
CHC Helicopter SA              9.25 10/15/2020   USD    56.00
Kommunalbanken AS              0.50  11/8/2018   BRL    67.70
Transbaltstroi OOO            13.00 11/26/2020   RUB    60.03
Melhus Sparebank               2.79  9/16/2024   NOK    74.65
Municipality Finance PLC       0.50  5/29/2018   BRL    72.76
Glitnir HF                     4.75 10/15/2010   USD    27.13
Waste Management NN CJSC      18.80  6/15/2022   RUB    60.01
DekaBank Deutsche Girozent     3.05  3/25/2025   EUR    71.11
Immigon Portfolioabbau AG      5.45   8/2/2019   EUR    72.70
Kerdos Group SA                8.00   3/9/2018   PLN    60.01
MirLand Development Corp P     6.50  9/30/2019   ILS    27.61
Kaupthing Bank Hf              7.63  2/28/2015   USD    20.00
Leonteq Securities AG/Guer    14.00   1/6/2016   CHF    50.47
JP Morgan Structured Produ     8.70 11/25/2015   USD    42.85
UBS AG                         5.50 12/29/2015   EUR    64.53
Soyuz AKB OAO                 13.00 11/22/2019   RUB    60.11
Heta Asset Resolution AG       0.23  5/17/2017   EUR    65.50
Bank Nederlandse Gemeenten     0.50  5/12/2021   ZAR    63.71
HSBC Bank PLC                  0.50   2/2/2023   AUD    74.94
Lehman Brothers Treasury C     8.00  5/22/2009   USD     3.05
Vontobel Financial Product    11.50 11/22/2016   EUR    68.48
DekaBank Deutsche Girozent    10.50 11/15/2016   EUR    63.04
DekaBank Deutsche Girozent     3.00   5/6/2016   EUR    50.59
UBS AG                        10.20  4/14/2016   USD     5.70
Royal Bank of Scotland PLC     1.69 11/14/2016   GBP
Vontobel Financial Product     6.00   9/2/2016   EUR    55.47
Royal Bank of Scotland PLC     6.20   9/7/2018   GBP     1.06
Deutsche Bank AG               5.50  6/21/2016   EUR    55.00
Spoldzielczy Bank Rzemiosl     5.05  3/29/2023   PLN    70.00
Lehman Brothers Treasury C     5.00  12/6/2011   EUR     3.05
Lehman Brothers Treasury C     6.00  5/23/2018   CZK     3.05
Lehman Brothers Treasury C     7.05   4/8/2015   USD     3.05
Heta Asset Resolution AG       0.18  5/17/2017   EUR    65.50
HSBC Bank PLC                  0.50  12/8/2026   AUD    60.25
Barclays Bank PLC              0.50  1/28/2033   MXN    30.69
Svensk Exportkredit AB         0.50  8/29/2029   AUD    69.04
HSBC Bank PLC                  0.50  7/30/2019   IDR    65.67
HSBC Bank PLC                  0.50  6/28/2019   IDR    66.87
Ipotechny Agent AK Bars        3.00  5/10/2047   RUB    52.43
Notenstein Privatbank AG       7.40 10/31/2016   CHF    42.54
UBS AG/London                  5.00 12/10/2015   USD    68.08
WGZ-Bank AG Westdeutsche G     2.76  12/9/2015   EUR    65.90
Immigon Portfolioabbau AG      6.00  3/30/2017   EUR     1.00
UBS AG/London                  7.50 11/19/2015   CHF    34.34
Credit Europe Bank Ltd        15.00   4/6/2018   RUB    60.04
Finstone OOO                   9.25  1/10/2019   RUB   100.00
URALSIB Leasing Co OOO         9.00 12/12/2016   RUB    60.01
Lehman Brothers Treasury C     4.10  8/23/2010   USD     3.05
Bank Julius Baer & Co Ltd/     8.90  6/30/2016   USD    55.70
DZ Bank AG Deutsche Zentra    14.50 12/28/2015   EUR    67.76
Banque Cantonale Vaudoise      6.80  1/29/2016   CHF    47.26
Notenstein Privatbank AG       6.50   7/2/2018   USD    66.92
Lehman Brothers Treasury C     1.28  11/6/2010   JPY    13.88
Commerzbank AG                 6.50 12/22/2016   EUR    62.52
Deutsche Bank AG               7.20 12/22/2015   EUR    43.10
Banque Cantonale Vaudoise/     8.20   3/3/2016   USD    63.25
Credit Suisse AG/London        7.00  3/21/2016   CHF    75.95
BNP Paribas Emissions- und     4.00  3/24/2016   EUR    50.27
WGZ-Bank AG Westdeutsche G     4.00  2/19/2016   EUR    55.73
Province of Rovigo Italy       0.30 12/28/2035   EUR    67.61
Lehman Brothers Treasury C     4.00 10/12/2010   USD     3.05
SAir Group                     2.75  7/30/2004   CHF    11.13
SAir Group                     2.75  7/30/2004   CHF    11.00
Agrokompleks OOO              15.00  7/29/2019   RUB    60.01
Immigon Portfolioabbau AG      4.21  1/25/2033   EUR    19.88
Kommunalbanken AS              0.50  8/15/2018   BRL    71.06
HSBC Bank PLC                  0.50   6/9/2023   MXN    64.73
BNP Paribas SA                 0.50  2/13/2024   NZD    69.94
Gold-Zack AG                   7.00 12/14/2005   EUR    12.50
Zurcher Kantonalbank Finan     5.60 11/18/2015   USD    62.59
DZ Bank AG Deutsche Zentra     5.25 11/27/2015   EUR    72.77
Zurcher Kantonalbank Finan     5.25  12/4/2015   CHF    66.21
Bank Julius Baer & Co Ltd/     9.25 12/11/2015   EUR    52.85
UniCredit Bank AG              4.10  9/28/2018   EUR    73.64
Heta Asset Resolution AG       0.06  3/15/2017   EUR    65.50
Baltic Leasing OOO            11.82  6/19/2020   RUB    60.03
Lehman Brothers Treasury C     4.68 12/12/2045   EUR     3.05
Nesset Sparebank               2.42              NOK    54.74
Kuybishevazot-Invest OOO       0.10   4/7/2016   RUB    59.01
Lehman Brothers Treasury C     8.00  4/20/2009   EUR     3.05
EDOB Abwicklungs AG            7.50   4/1/2012   EUR     0.50
Lehman Brothers Treasury C    10.44 11/22/2008   CHF     3.05
Vontobel Financial Product     5.00  9/23/2016   EUR    45.31
DekaBank Deutsche Girozent     5.00  1/14/2016   EUR    54.31
Leonteq Securities AG         14.00 10/24/2016   CHF    60.40
Kerdos Group SA                8.00  5/31/2016   PLN    60.01
Royal Bank of Scotland PLC     1.33 10/26/2018   GBP     1.04
Banque Cantonale Vaudoise      1.00   7/7/2016   CHF    15.65
Goldman Sachs & Co Wertpap     5.00  6/22/2016   EUR    73.87
Leonteq Securities AG         12.40  5/18/2016   CHF    62.77
Araratbank OJSC                8.50  6/14/2016   USD    25.53
UniCredit Bank AG              4.00  6/23/2016   EUR    52.29
Vontobel Financial Product    21.75  6/24/2016   EUR    65.38
Banque Cantonale Vaudoise      6.00  2/19/2016   CHF    48.68
DekaBank Deutsche Girozent     7.44   2/9/2016   EUR    52.93
Lehman Brothers Treasury C     8.25   2/3/2016   EUR     3.05
Lehman Brothers Treasury C     4.05  9/16/2008   EUR     3.05
Lehman Brothers Treasury C     1.50   2/8/2012   CHF     3.05
Lehman Brothers Treasury C     5.00 11/22/2012   EUR     3.05
Lehman Brothers Treasury C     2.00  6/28/2011   EUR     3.05
Lehman Brothers Treasury C     2.50  11/9/2011   CHF     3.05
Municipality Finance PLC       4.20  3/26/2020   IDR    73.60
Societe Generale SA            0.50   4/3/2023   RUB    46.52
BNP Paribas SA                 0.50 11/16/2032   MXN    32.94
Barclays Bank PLC              0.50  3/13/2023   RUB    46.79
Municipality Finance PLC       0.50  4/16/2018   BRL    72.96
Lehman Brothers Treasury C     8.28  3/26/2009   USD     3.05
Kaupthing Bank Hf              7.50  12/5/2014   ISK    20.00
Leonteq Securities AG         10.94   4/7/2016   USD    46.96
Leonteq Securities AG/Guer     9.07   5/3/2016   GBP    62.71
Leonteq Securities AG/Guer    20.00 12/29/2015   CHF    25.99
Deutsche Bank AG               5.20 12/22/2015   EUR    56.60
Bayerische Landesbank          3.70   6/3/2016   EUR    60.69
DekaBank Deutsche Girozent     8.50 10/27/2016   EUR    54.36
Republika Srpska               1.50 12/24/2025   BAM    74.50
Dayli Polska Sp zoo            8.50   9/5/2016   PLN    20.00
Bank Julius Baer & Co Ltd/     9.50 11/19/2015   EUR    56.55
DZ Bank AG Deutsche Zentra     5.25 11/27/2015   EUR    52.75
Russian Railways JSC          16.70 10/11/2038   RUB    60.00
Bank Julius Baer & Co Ltd/     7.90 11/20/2015   USD    38.75
UniCredit Bank AG              4.55 12/24/2015   EUR    58.92
Vontobel Financial Product    23.30 12/28/2015   EUR    69.78
Heta Asset Resolution AG       4.70   4/2/2018   EUR    65.50
Credit Europe Bank Ltd        11.36   6/5/2018   RUB    60.01
Glitnir HF                     5.44 12/22/2015   USD    27.13
Northland Resources AB        15.00  7/15/2019   USD     1.00
Deutsche Bank AG               3.20 11/22/2017   EUR    73.30
Heta Asset Resolution AG       0.22  3/10/2018   EUR    65.50
Europlan AO                   10.22  3/26/2019   RUB    59.78
Immigon Portfolioabbau AG      1.26   2/8/2019   EUR    61.63
Lehman Brothers Treasury C    12.22 11/21/2017   USD     3.05
Lehman Brothers Treasury C     6.00  2/19/2023   USD     3.05
Landeskreditbank Baden-Wue     0.50  5/10/2027   CAD    72.67
Lehman Brothers Treasury C     4.50   3/7/2015   EUR     3.05
Lehman Brothers Treasury C     4.50 12/30/2010   USD     3.05
Lehman Brothers Treasury C     5.00   8/1/2025   EUR     3.05
Lehman Brothers Treasury C    13.50   6/2/2009   USD     3.05
DekaBank Deutsche Girozent     3.40  6/10/2016   EUR    75.58
Societe Generale SA            5.99   2/9/2016   USD    61.84
BNP Paribas Emissions- und     6.25 12/24/2015   EUR    50.48
Leonteq Securities AG/Guer     7.28  1/29/2016   EUR    73.50
Lehman Brothers Treasury C     4.00  8/11/2010   USD    13.88
LBBW                           4.50  2/24/2017   EUR    69.37
Norddeutsche Landesbank Gi     4.00   8/5/2016   EUR    55.52
Leonteq Securities AG         18.00   2/9/2016   CHF    50.41
UBS AG                         8.42 12/17/2015   USD    18.90
Leonteq Securities AG         11.00 10/31/2016   CHF    63.96
Vontobel Financial Product     5.00  7/28/2016   EUR    55.50
Bayerische Landesbank          2.20  5/20/2016   EUR    52.86
Commerzbank AG                10.25  4/21/2016   EUR    60.05
Bank Julius Baer & Co Ltd/    13.70  5/13/2016   USD    50.55
EFG International Finance      6.26   5/7/2018   EUR    73.88
Vontobel Financial Product     9.55  5/27/2016   EUR    48.31
Societe Generale SA           13.56  5/26/2016   USD    71.78
Leonteq Securities AG          5.84   9/5/2016   USD    46.92
Banque Cantonale Vaudoise      7.25   3/3/2016   CHF    62.20
UniCredit Bank AG              5.44   7/1/2016   EUR    60.03
Goldman Sachs & Co Wertpap    20.00  7/20/2016   EUR    64.12
Norddeutsche Landesbank Gi     3.50   7/1/2016   EUR    42.23
Deutsche Bank AG               6.20  6/21/2016   EUR    47.60
Bayerische Landesbank          3.70  11/4/2016   EUR    68.37
Landesbank Hessen-Thuering     4.00   8/5/2016   EUR    51.50
Bank Julius Baer & Co Ltd/    13.20  2/26/2016   USD    55.95
Deutsche Bank AG               5.20 12/20/2016   EUR    45.90
Lehman Brothers Treasury C    10.00   1/3/2012   BRL     3.05
Banca di Cividale SpA          0.03  10/2/2036   EUR    64.20
Lehman Brothers Treasury C     4.95 10/25/2036   EUR     3.05
Immigon Portfolioabbau AG      0.77 10/15/2019   EUR    53.50
Immigon Portfolioabbau AG      4.78   6/7/2030   EUR    24.50
Immigon Portfolioabbau AG      0.97   3/1/2021   EUR    42.50
Lehman Brothers Treasury C     7.60  5/21/2013   USD     3.05
Strommen Sparebank             2.40              NOK    44.47
Lehman Brothers Treasury C     6.00 10/30/2012   USD     3.05
Immigon Portfolioabbau AG      5.25 12/20/2022   EUR    45.75
Lehman Brothers Treasury C     9.30 12/21/2010   EUR     3.05
Lehman Brothers Treasury C     4.00  5/30/2010   USD     3.05
Lehman Brothers Treasury C    18.25  10/2/2008   USD     3.05
Province of Brescia Italy      0.52 12/22/2036   EUR    66.86
Lehman Brothers Treasury C     4.00 11/24/2016   EUR     3.05
Credit Agricole Corporate      0.50   3/6/2023   RUB    46.83
Rusfinans Bank OOO            12.23 10/23/2019   RUB    60.01
Municipality Finance PLC       0.50  2/22/2019   IDR    68.73
Ipotechny Agent Uralsib 3      3.00 10/15/2047   RUB    28.78
Cooperatieve Centrale Raif     0.50  8/21/2028   MXN    41.77
RZD Rasvytie vokzalov         12.50 10/21/2016   RUB    25.25
Kommunalbanken AS              0.50  2/23/2018   BRL    73.87
Kommunalbanken AS              0.50   2/2/2018   BRL    74.42
Windreich GmbH                 6.25   3/1/2015   EUR    10.88
SG Issuer SA                   4.30  7/10/2020   EUR    60.80
KPNQwest NV                    8.88   2/1/2008   EUR     0.50
KPNQwest NV                    7.13   6/1/2009   EUR     0.50
Goldman Sachs & Co Wertpap     5.00  1/20/2016   EUR    70.28
Heta Asset Resolution AG       0.22  2/10/2018   EUR    65.50
City of Predeal Romania        2.50  5/15/2026   RON    60.00
Lehman Brothers Treasury C     5.25   4/1/2023   EUR     3.05
Svensk Exportkredit AB         0.50 12/17/2027   USD    72.63
Lehman Brothers Treasury C     4.15  8/25/2020   EUR     3.05
Credit Suisse AG/London        7.00  2/16/2016   USD    70.36
UBS AG                        19.50 12/29/2015   EUR    65.54
UBS AG                         7.00 12/29/2015   EUR    61.79
Deutsche Bank AG               6.20  1/19/2016   EUR    55.30
LBBW                           2.60 12/23/2016   EUR    61.29
Barclays Bank PLC              2.30  9/13/2016   EUR    53.88
JP Morgan Structured Produ    13.00 11/25/2024   ZMW
Deutsche Bank AG               7.20  3/22/2016   EUR    56.20
DZ Bank AG Deutsche Zentra     9.25  6/20/2016   EUR    44.52
UniCredit Bank AG              5.40  6/30/2017   EUR    74.59
UBS AG/London                  6.50  6/10/2016   USD    60.46
Bank Julius Baer & Co Ltd/    10.00  6/13/2016   USD    71.00
Bank Julius Baer & Co Ltd/     7.30  6/13/2016   USD    67.80
UniCredit Bank AG              4.80  3/24/2016   EUR    68.28
EFG International Finance      7.20  2/25/2019   EUR    62.71
UBS AG/London                  7.00  5/22/2017   CHF    51.07
Bank Julius Baer & Co Ltd/    11.10  4/14/2016   EUR    58.50
UTair-Finans OOO              13.00 11/13/2015   RUB    30.00
Lehman Brothers Treasury C     2.00 11/16/2009   EUR     3.05
Lehman Brothers Treasury C     4.25  3/13/2021   EUR     3.05
Lehman Brothers Treasury C     4.69  2/19/2017   EUR     3.05
Immigon Portfolioabbau AG      4.50 10/21/2020   EUR    56.00
Immigon Portfolioabbau AG      5.20   4/1/2020   EUR    61.75
Lehman Brothers Treasury C     7.60   3/4/2010   NZD     3.05
Bamble Sparebank               2.42              NOK    51.85
Lehman Brothers Treasury C     6.00 10/24/2008   EUR     3.05
Lehman Brothers Treasury C     5.22   3/1/2024   EUR     3.05
Lehman Brothers Treasury C     4.60 10/11/2017   ILS    13.88
Immigon Portfolioabbau AG      3.09 10/15/2020   EUR    51.50
HSBC Bank PLC                  0.50  1/29/2027   NZD    52.16
Svensk Exportkredit AB         0.50  6/29/2029   AUD    68.52
Rusfinans Bank OOO            11.40  10/2/2019   RUB    60.02
Bank Julius Baer & Co Ltd/     8.50  12/1/2015   USD    68.10
LBBW                           4.25  3/29/2016   EUR    55.35
Soyuz AKB OAO                 13.00 11/22/2019   RUB    60.11
UBS AG                         4.75  6/24/2016   EUR    63.15
UniCredit Bank AG              3.85  9/22/2020   EUR    71.64
Leonteq Securities AG/Guer     6.58  3/29/2016   EUR    74.75
LBBW                           5.50  9/23/2016   EUR    76.37
Kommunekredit                  0.50  5/11/2029   CAD    66.52
Vontobel Financial Product    10.50 12/23/2016   EUR    68.21
Landesbank Hessen-Thuering     3.30  6/14/2017   EUR    70.40
Deutsche Bank AG               8.20  5/25/2016   EUR    44.60
Credit Suisse AG/Nassau        8.00 11/21/2016   EUR    51.15
Vontobel Financial Product     5.50  6/24/2016   EUR    46.12
Deutsche Bank AG               5.20  6/21/2016   EUR    49.00
Vontobel Financial Product     7.00  6/24/2016   EUR    50.19
BNP Paribas Emissions- und     5.50 12/22/2016   EUR    55.85
EFG International Finance      9.10  3/23/2016   USD    48.13
Goldman Sachs & Co Wertpap     9.00  9/21/2016   EUR    73.24
Credit Suisse AG/Nassau        6.25 10/17/2016   EUR    43.34
Credit Suisse AG/Nassau        6.00  12/2/2016   EUR    48.21
Lehman Brothers Treasury C     0.50  2/16/2009   EUR     3.05
Lehman Brothers Treasury C     7.75  2/21/2016   EUR     3.05
TGK-1 OAO                     12.90  2/14/2022   RUB    60.02
EFG International Finance      6.00 11/30/2017   EUR    40.13
Raiffeisen Centrobank AG       2.40 12/19/2016   EUR    54.76
Leonteq Securities AG/Guer     5.60 11/20/2015   GBP    33.39
Leonteq Securities AG/Guer     7.60 11/20/2015   USD    31.03
Fonciere Volta SA              4.50  7/30/2020   EUR     2.46
Kaupthing Bank Hf              7.00  7/24/2009   ISK    20.00
LBI HF                         8.65   5/1/2011   ISK     8.50
LBI HF                         5.08   3/1/2013   ISK     8.50
Glitnir HF                     6.00 12/10/2009   ISK     0.02
Glitnir HF                     6.20 12/20/2009   ISK     0.02
Lehman Brothers Treasury C     3.00  6/23/2009   EUR    13.88
Kaupthing Bank Hf              6.50  10/8/2010   ISK    20.00
Rinol AG                       5.50 10/15/2006   DEM     0.58
Glitnir HF                     5.35  5/11/2010   USD    27.13
EFG International Finance     12.86 10/30/2017   EUR    55.44
Societe Generale Effekten      5.00  11/7/2016   EUR    72.10
Raiffeisen Centrobank AG       2.80 11/14/2016   EUR    51.30
Immigon Portfolioabbau AG      4.90  8/18/2025   EUR    61.30
Leonteq Securities AG/Guer     6.25 11/13/2015   CHF    51.22
Barclays Bank PLC              2.50   3/7/2017   EUR    56.34
Glitnir HF                     6.33  7/28/2011   USD    27.13
Lehman Brothers Treasury C     7.59 11/22/2009   MXN    13.88
Glitnir HF                     6.31  7/28/2011   USD    27.13
Glitnir HF                     6.31  7/28/2011   USD    27.13
Goldman Sachs & Co Wertpap     8.00 12/23/2015   EUR    68.60
Goldman Sachs & Co Wertpap    10.00 12/23/2015   EUR    61.84
Goldman Sachs & Co Wertpap    11.00 12/23/2015   EUR    57.86
Goldman Sachs & Co Wertpap     8.00 12/23/2015   EUR    54.82
Goldman Sachs & Co Wertpap    11.00 12/23/2015   EUR    50.79
Goldman Sachs & Co Wertpap     7.00 12/23/2015   EUR    75.58
Goldman Sachs & Co Wertpap    10.00 12/23/2015   EUR    64.16
Goldman Sachs & Co Wertpap     6.00 12/23/2015   EUR    60.50
Goldman Sachs & Co Wertpap     9.00 12/23/2015   EUR    51.69
UBS AG                         6.75 12/29/2015   EUR    75.18
LBBW                           3.50  9/23/2016   EUR    69.63
LBBW                           3.30  9/23/2016   EUR    72.53
LBBW                           3.30 12/23/2016   EUR    65.46
Leonteq Securities AG/Guer    11.60 11/24/2015   CHF    70.25
Goldman Sachs & Co Wertpap    22.00 11/25/2015   EUR    61.62
Leonteq Securities AG/Guer     9.80 11/24/2015   EUR    53.07
DZ Bank AG Deutsche Zentra     5.40  3/21/2016   EUR    60.45
DZ Bank AG Deutsche Zentra     6.00 11/27/2015   EUR    48.50
HSBC Trinkaus & Burkhardt      9.50 11/27/2015   EUR    50.20
Deutsche Bank AG               6.80 11/25/2015   EUR    74.71
Deutsche Bank AG               6.20 11/25/2015   EUR    75.00
Deutsche Bank AG               5.20 11/25/2015   EUR    69.60
HSBC Trinkaus & Burkhardt     13.60 12/28/2015   EUR    54.82
HSBC Trinkaus & Burkhardt      9.30 12/28/2015   EUR    58.79
HSBC Trinkaus & Burkhardt     17.00 12/28/2015   EUR    75.54
Deutsche Bank AG               5.20 11/25/2015   EUR    75.00
Deutsche Bank AG               7.20  6/21/2016   EUR    64.20
HSBC Trinkaus & Burkhardt     16.40 12/28/2015   EUR    73.46
Vontobel Financial Product     7.80 12/28/2015   EUR    53.72
Vontobel Financial Product     6.70 12/28/2015   EUR    55.04
Vontobel Financial Product     5.70 12/28/2015   EUR    56.45
Commerzbank AG                 3.00  12/3/2015   EUR    56.34
Deutsche Bank AG               6.20 11/25/2015   EUR    51.90
Deutsche Bank AG               6.20 11/25/2015   EUR    50.00
Deutsche Bank AG               5.20 11/25/2015   EUR    48.20
Deutsche Bank AG               6.20 11/25/2015   EUR    48.20
Deutsche Bank AG               6.20  3/22/2016   EUR    53.90
Deutsche Bank AG               5.20 11/25/2015   EUR    57.40
Deutsche Bank AG               6.20 11/25/2015   EUR    57.50
Deutsche Bank AG               5.20 11/25/2015   EUR    54.30
Deutsche Bank AG               6.20 11/25/2015   EUR    54.30
Deutsche Bank AG               6.20  3/22/2016   EUR    50.20
Deutsche Bank AG               7.20  3/22/2016   EUR    71.80
Vontobel Financial Product     6.55 12/11/2015   EUR    50.86
Deutsche Bank AG               7.20 11/25/2015   EUR    69.70
Vontobel Financial Product     5.30 12/11/2015   EUR    56.47
Commerzbank AG                12.00 11/26/2015   EUR    64.65
Commerzbank AG                 8.50 11/26/2015   EUR    72.26
Deutsche Bank AG               7.20  3/22/2016   EUR    52.40
Deutsche Bank AG               7.20 11/25/2015   EUR    54.40
Deutsche Bank AG               7.20 11/25/2015   EUR    48.30
UniCredit Bank AG              4.00  6/24/2016   EUR    70.00
UniCredit Bank AG              4.10  6/24/2016   EUR    48.39
UniCredit Bank AG              4.00  6/24/2016   EUR    50.25
UniCredit Bank AG              4.25  6/24/2016   EUR    46.74
DZ Bank AG Deutsche Zentra     5.75  3/21/2016   EUR    67.83
DZ Bank AG Deutsche Zentra     9.75 12/21/2015   EUR    49.85
Deutsche Bank AG               6.20  3/22/2016   EUR    56.00
DZ Bank AG Deutsche Zentra     5.25 12/28/2015   EUR    71.94
HSBC Trinkaus & Burkhardt     12.80 12/28/2015   EUR    50.37
Deutsche Bank AG               4.20 11/25/2015   EUR    61.00
Deutsche Bank AG               3.20 12/22/2015   EUR    61.20
Deutsche Bank AG               4.20  3/22/2016   EUR    62.30
Deutsche Bank AG               4.20  3/22/2016   EUR    57.40
Deutsche Bank AG               3.20 11/25/2015   EUR    60.90
Deutsche Bank AG               3.20  3/22/2016   EUR    61.90
Deutsche Bank AG               4.20 11/25/2015   EUR    56.10
Deutsche Bank AG               4.20 12/22/2015   EUR    56.40
Deutsche Bank AG               3.20  3/22/2016   EUR    57.00
Vontobel Financial Product     6.50 12/18/2015   EUR    49.80
DZ Bank AG Deutsche Zentra     5.25 12/21/2015   EUR    60.71
DZ Bank AG Deutsche Zentra     5.25  3/21/2016   EUR    61.96
DZ Bank AG Deutsche Zentra     5.70 12/21/2015   EUR    67.39
Leonteq Securities AG         11.00 12/15/2015   USD    55.00
DZ Bank AG Deutsche Zentra     6.50  3/29/2016   EUR    51.19
DZ Bank AG Deutsche Zentra     5.60  3/21/2016   EUR    68.62
Goldman Sachs & Co Wertpap    10.00  1/20/2016   EUR    53.39
Goldman Sachs & Co Wertpap     6.00  6/22/2016   EUR    60.91
Vontobel Financial Product     6.00  1/22/2016   EUR    60.19
DZ Bank AG Deutsche Zentra     6.25 12/21/2015   EUR    71.48
DZ Bank AG Deutsche Zentra     6.50  3/21/2016   EUR    72.73
DZ Bank AG Deutsche Zentra     6.00  3/21/2016   EUR    72.55
Commerzbank AG                14.25 12/24/2015   EUR    71.29
Commerzbank AG                 7.50 12/24/2015   EUR    58.64
Commerzbank AG                 9.50 12/24/2015   EUR    55.89
UniCredit Bank AG              4.28  1/20/2016   EUR    51.04
HSBC Trinkaus & Burkhardt      6.50 12/28/2015   EUR    59.89
HSBC Trinkaus & Burkhardt      8.80 11/27/2015   EUR    56.52
HSBC Trinkaus & Burkhardt      6.90  3/25/2016   EUR    56.22
HSBC Trinkaus & Burkhardt      7.90 11/27/2015   EUR    54.69
HSBC Trinkaus & Burkhardt     10.40 12/28/2015   EUR    73.57
HSBC Trinkaus & Burkhardt     13.20 11/27/2015   EUR    69.19
HSBC Trinkaus & Burkhardt     16.00 12/28/2015   EUR    59.30
HSBC Trinkaus & Burkhardt      7.10  3/25/2016   EUR    69.47
HSBC Trinkaus & Burkhardt      8.10 11/27/2015   EUR    67.37
HSBC Trinkaus & Burkhardt     15.40 12/28/2015   EUR    53.70
HSBC Trinkaus & Burkhardt      8.40 11/27/2015   EUR    59.66
DZ Bank AG Deutsche Zentra     9.50 12/28/2015   EUR    52.15
DZ Bank AG Deutsche Zentra     8.75  6/24/2016   EUR    54.81
DZ Bank AG Deutsche Zentra     8.75  6/24/2016   EUR    70.90
DZ Bank AG Deutsche Zentra    10.50  6/24/2016   EUR    54.78
Zurcher Kantonalbank Finan    10.50   1/7/2016   EUR    57.24
DZ Bank AG Deutsche Zentra     5.20 12/21/2015   EUR    63.02
DZ Bank AG Deutsche Zentra     4.90  3/21/2016   EUR    64.14
DZ Bank AG Deutsche Zentra     7.00 12/28/2015   EUR    58.73
DZ Bank AG Deutsche Zentra    11.25 12/28/2015   EUR    53.92
DZ Bank AG Deutsche Zentra     6.25 12/28/2015   EUR    59.35
DZ Bank AG Deutsche Zentra     6.50 12/28/2015   EUR    59.46
DZ Bank AG Deutsche Zentra    10.50 12/28/2015   EUR    55.08
DZ Bank AG Deutsche Zentra     5.50  3/29/2016   EUR    60.60
DZ Bank AG Deutsche Zentra     8.25 12/28/2015   EUR    72.96
DZ Bank AG Deutsche Zentra     6.50  3/29/2016   EUR    74.02
DZ Bank AG Deutsche Zentra     9.20 11/25/2015   EUR    74.91
Deutsche Bank AG               8.20  3/22/2016   EUR    57.10
Deutsche Bank AG               8.20  6/22/2016   EUR    58.50
Deutsche Bank AG               8.20 12/22/2015   EUR    55.00
Deutsche Bank AG               8.20 12/20/2016   EUR    74.20
Deutsche Bank AG               8.20 12/22/2015   EUR    50.70
Goldman Sachs & Co Wertpap     7.00  1/20/2016   EUR    59.11
Commerzbank AG                 9.00 12/24/2015   EUR    74.42
Commerzbank AG                10.00 12/24/2015   EUR    72.72
Commerzbank AG                 4.75 12/24/2015   EUR    63.79
Commerzbank AG                 5.50 12/24/2015   EUR    62.01
Commerzbank AG                 6.25 12/24/2015   EUR    60.36
Commerzbank AG                 7.25 12/24/2015   EUR    58.83
Commerzbank AG                 8.25 12/24/2015   EUR    57.37
Commerzbank AG                 9.25 12/24/2015   EUR    56.01
Commerzbank AG                10.25 12/24/2015   EUR    54.73
Commerzbank AG                11.25 12/24/2015   EUR    53.50
Commerzbank AG                 4.25 12/24/2015   EUR    63.80
Commerzbank AG                 5.25 12/24/2015   EUR    62.16
Commerzbank AG                 6.00 12/24/2015   EUR    60.59
Commerzbank AG                 7.00 12/24/2015   EUR    59.13
Commerzbank AG                 8.00 12/24/2015   EUR    57.76
Commerzbank AG                 9.00 12/24/2015   EUR    56.46
Commerzbank AG                 5.25 12/24/2015   EUR    67.25
Commerzbank AG                 6.25 12/24/2015   EUR    65.62
Commerzbank AG                 7.25 12/24/2015   EUR    64.07
Commerzbank AG                 8.50 12/24/2015   EUR    62.65
Vontobel Financial Product     5.90 12/28/2015   EUR    62.62
Deutsche Bank AG               8.20  3/22/2016   EUR    72.20
Deutsche Bank AG               8.20  3/22/2016   EUR    52.80
Deutsche Bank AG               8.20 12/20/2016   EUR    57.20
Deutsche Bank AG               8.20 12/20/2016   EUR    62.40
Deutsche Bank AG               8.20 12/22/2015   EUR    70.40
Deutsche Bank AG               8.20  6/22/2016   EUR    53.20
Deutsche Bank AG               8.20  6/22/2016   EUR    70.90
Vontobel Financial Product     5.85 12/28/2015   EUR    70.03
Vontobel Financial Product     5.20 12/28/2015   EUR    65.87
Zurcher Kantonalbank Finan     9.00 12/16/2015   EUR    51.40
Vontobel Financial Product     6.50 12/28/2015   EUR    59.62
Commerzbank AG                 7.00 11/26/2015   EUR    69.30
Commerzbank AG                 7.50 11/26/2015   EUR    47.26
DZ Bank AG Deutsche Zentra     7.50 12/21/2015   EUR    49.60
DZ Bank AG Deutsche Zentra     5.25 12/21/2015   EUR    65.56
DZ Bank AG Deutsche Zentra     5.00 12/21/2015   EUR    65.53
Vontobel Financial Product     4.80 12/28/2015   EUR    57.97
Commerzbank AG                 5.50 11/26/2015   EUR    71.04
Commerzbank AG                 6.00 11/26/2015   EUR    56.38
Commerzbank AG                 8.25 11/26/2015   EUR    53.67
Commerzbank AG                 6.25 11/26/2015   EUR    61.13
Credit Suisse AG/Nassau        6.50  12/7/2015   EUR    68.20
Credit Suisse AG/London        7.50  6/13/2016   EUR    56.58
Vontobel Financial Product     8.55 12/28/2015   EUR    65.79
Vontobel Financial Product     3.55 12/28/2015   EUR    75.00
UBS AG                        11.40  12/7/2015   EUR    68.04
DZ Bank AG Deutsche Zentra     5.00  3/21/2016   EUR    66.62
DZ Bank AG Deutsche Zentra     5.00  3/21/2016   EUR    66.62
Commerzbank AG                 7.25 11/26/2015   EUR    68.20
Commerzbank AG                 9.00 11/26/2015   EUR    65.54
Commerzbank AG                 5.75 11/26/2015   EUR    51.71
Commerzbank AG                 7.75 11/26/2015   EUR    49.08
Commerzbank AG                10.00 11/26/2015   EUR    46.73
Commerzbank AG                 8.50 11/26/2015   EUR    57.66
Commerzbank AG                 5.50 11/26/2015   EUR    54.47
DZ Bank AG Deutsche Zentra     6.00  6/24/2016   EUR    66.58
Goldman Sachs & Co Wertpap    10.00 11/25/2015   EUR    65.16
Goldman Sachs & Co Wertpap     7.00 12/23/2015   EUR    65.58
Goldman Sachs & Co Wertpap     6.00  1/20/2016   EUR    65.90
Goldman Sachs & Co Wertpap     5.00  1/20/2016   EUR    65.70
Goldman Sachs & Co Wertpap     8.00  1/20/2016   EUR    66.29
Goldman Sachs & Co Wertpap     9.00  1/20/2016   EUR    66.48
Goldman Sachs & Co Wertpap     5.00  6/22/2016   EUR    64.81
Goldman Sachs & Co Wertpap     7.00  6/22/2016   EUR    66.04
Goldman Sachs & Co Wertpap     9.00  6/22/2016   EUR    67.27
Goldman Sachs & Co Wertpap     8.00  6/22/2016   EUR    66.66
Goldman Sachs & Co Wertpap     6.00  1/20/2016   EUR    47.40
Goldman Sachs & Co Wertpap    10.00  1/20/2016   EUR    48.18
Goldman Sachs & Co Wertpap     6.00  6/22/2016   EUR    48.49
Goldman Sachs & Co Wertpap     5.00  6/22/2016   EUR    47.87
Goldman Sachs & Co Wertpap     8.00  6/22/2016   EUR    49.72
Goldman Sachs & Co Wertpap     7.00  6/22/2016   EUR    49.09
Goldman Sachs & Co Wertpap     7.00  1/20/2016   EUR    55.57
Goldman Sachs & Co Wertpap     6.00  1/20/2016   EUR    55.37
Goldman Sachs & Co Wertpap     8.00  1/20/2016   EUR    55.76
Goldman Sachs & Co Wertpap     8.00  1/20/2016   EUR    55.76
Goldman Sachs & Co Wertpap     6.00  6/22/2016   EUR    57.54
Goldman Sachs & Co Wertpap     7.00  6/22/2016   EUR    58.15
Goldman Sachs & Co Wertpap     7.00  6/22/2016   EUR    58.15
Vontobel Financial Product     7.40  3/11/2016   EUR    54.44
DZ Bank AG Deutsche Zentra     5.20  3/21/2016   EUR    70.93
Vontobel Financial Product     6.50 12/28/2015   EUR    68.29
Commerzbank AG                 8.25 11/26/2015   EUR    53.18
Goldman Sachs & Co Wertpap    14.00 11/25/2015   EUR    61.30
Goldman Sachs & Co Wertpap    17.00 11/25/2015   EUR    57.85
Goldman Sachs & Co Wertpap    20.00 12/23/2015   EUR    56.37
Goldman Sachs & Co Wertpap     7.00  1/20/2016   EUR    70.77
Goldman Sachs & Co Wertpap    10.00  1/20/2016   EUR    66.77
Goldman Sachs & Co Wertpap    15.00  1/20/2016   EUR    60.14
Goldman Sachs & Co Wertpap    19.00  1/20/2016   EUR    57.75
Goldman Sachs & Co Wertpap    14.00  3/23/2016   EUR    62.42
Goldman Sachs & Co Wertpap    17.00  3/23/2016   EUR    60.36
Goldman Sachs & Co Wertpap     5.00  6/22/2016   EUR    74.01
Goldman Sachs & Co Wertpap    15.00  6/22/2016   EUR    61.24
Goldman Sachs & Co Wertpap    10.00  1/20/2016   EUR    48.26
Vontobel Financial Product     7.85   5/9/2016   EUR    67.87
UBS AG/London                  9.25 12/10/2015   CHF    54.53
Commerzbank AG                10.25 11/26/2015   EUR    74.44
Commerzbank AG                13.25 11/26/2015   EUR    68.92
Goldman Sachs & Co Wertpap     5.00  1/20/2016   EUR    47.21
Goldman Sachs & Co Wertpap     6.00  1/20/2016   EUR    47.40
Goldman Sachs & Co Wertpap     8.00  1/20/2016   EUR    47.79
Goldman Sachs & Co Wertpap    10.00  1/20/2016   EUR    48.18
Goldman Sachs & Co Wertpap    10.00  1/20/2016   EUR    48.18
Goldman Sachs & Co Wertpap    10.00  6/22/2016   EUR    50.95
Goldman Sachs & Co Wertpap     5.00  1/20/2016   EUR    55.18
Goldman Sachs & Co Wertpap     8.00  6/22/2016   EUR    58.77
Goldman Sachs & Co Wertpap     8.00  6/22/2016   EUR    58.77
Notenstein Privatbank AG       8.20 12/19/2016   EUR    64.56
Zurcher Kantonalbank Finan     9.35 12/16/2015   EUR    57.45
Commerzbank AG                 5.00 11/26/2015   EUR    60.06
Zurcher Kantonalbank Finan     8.60 12/23/2015   EUR    58.44
Vontobel Financial Product     7.50  1/15/2016   EUR    56.23
Deutsche Bank AG               5.34  6/30/2016   EUR    54.64
Vontobel Financial Product     9.20 12/28/2015   EUR    65.88
Vontobel Financial Product     6.00  6/24/2016   EUR    55.86
Deutsche Bank AG               5.20  6/22/2016   EUR    51.30
Deutsche Bank AG               5.20  6/22/2016   EUR    49.60
Deutsche Bank AG               7.20 11/25/2015   EUR    65.10
Deutsche Bank AG               6.20  6/22/2016   EUR    65.50
Deutsche Bank AG               7.20  6/22/2016   EUR    66.10
Deutsche Bank AG               6.20  3/22/2016   EUR    67.00
DZ Bank AG Deutsche Zentra     7.00 12/28/2015   EUR    73.64
Vontobel Financial Product     5.00  1/22/2016   EUR    57.01
Notenstein Privatbank AG       8.00 12/29/2016   EUR    63.34
Leonteq Securities AG/Guer    13.40 12/29/2015   USD    69.63
Goldman Sachs & Co Wertpap    23.00 12/23/2015   EUR    56.73
Goldman Sachs & Co Wertpap     6.00  6/22/2016   EUR    74.63
Goldman Sachs & Co Wertpap    21.00  1/20/2016   EUR    58.13
Goldman Sachs & Co Wertpap     8.00  6/22/2016   EUR    71.23
Goldman Sachs & Co Wertpap    17.00  6/22/2016   EUR    62.48
Deutsche Bank AG               4.20 12/22/2015   EUR    54.20
Deutsche Bank AG               4.20  6/22/2016   EUR    54.50
Deutsche Bank AG               3.20  3/22/2016   EUR    54.80
Deutsche Bank AG               4.20  3/22/2016   EUR    55.20
Deutsche Bank AG               7.20 11/25/2015   EUR    46.60
Deutsche Bank AG               7.20  3/22/2016   EUR    49.00
Deutsche Bank AG               7.20  6/22/2016   EUR    49.30
Deutsche Bank AG               6.20  6/22/2016   EUR    57.20
Deutsche Bank AG               7.20  6/22/2016   EUR    57.90
Deutsche Bank AG               5.20  3/22/2016   EUR    71.90
Deutsche Bank AG               6.20  3/22/2016   EUR    68.40
Deutsche Bank AG               6.20  6/22/2016   EUR    73.50
Deutsche Bank AG               6.20  6/22/2016   EUR    69.80
Deutsche Bank AG               5.20  6/22/2016   EUR    69.20
Bank J Safra Sarasin AG/Gu     5.75 12/17/2015   CHF    53.39
Goldman Sachs & Co Wertpap    12.00 11/25/2015   EUR    65.25
Goldman Sachs & Co Wertpap    11.00 12/23/2015   EUR    66.05
Goldman Sachs & Co Wertpap    11.00 12/23/2015   EUR    66.05
Goldman Sachs & Co Wertpap    11.00  1/20/2016   EUR    66.87
Goldman Sachs & Co Wertpap     6.00  6/22/2016   EUR    65.43
Goldman Sachs & Co Wertpap     7.00  1/20/2016   EUR    49.25
Goldman Sachs & Co Wertpap     9.00  1/20/2016   EUR    55.95
Goldman Sachs & Co Wertpap     9.00  1/20/2016   EUR    55.95
UBS AG/London                 10.75 12/17/2015   CHF    71.71
Deutsche Bank AG               7.20  3/22/2016   EUR    67.30
Deutsche Bank AG               6.20 11/25/2015   EUR    65.10
DZ Bank AG Deutsche Zentra     5.50 12/28/2015   EUR
DZ Bank AG Deutsche Zentra     6.00  6/24/2016   EUR    51.98
DZ Bank AG Deutsche Zentra     7.00  6/24/2016   EUR    48.57
Commerzbank AG                 8.50 11/26/2015   EUR    77.42
Vontobel Financial Product     5.50  1/15/2016   EUR    55.51
Goldman Sachs & Co Wertpap    15.00  1/20/2016   EUR    67.74
Goldman Sachs & Co Wertpap    18.00  1/20/2016   EUR    64.29
Goldman Sachs & Co Wertpap    10.00  6/22/2016   EUR    72.46
Goldman Sachs & Co Wertpap    15.00  6/22/2016   EUR    67.60
Goldman Sachs & Co Wertpap     6.00 11/25/2015   EUR    64.10
Goldman Sachs & Co Wertpap    18.00 11/25/2015   EUR    46.98
Goldman Sachs & Co Wertpap    23.00 12/23/2015   EUR    44.66
Goldman Sachs & Co Wertpap    19.00 12/23/2015   EUR    46.98
Goldman Sachs & Co Wertpap     6.00  1/20/2016   EUR    62.16
Goldman Sachs & Co Wertpap    10.00  1/20/2016   EUR    55.65
Goldman Sachs & Co Wertpap    15.00  1/20/2016   EUR    50.88
Goldman Sachs & Co Wertpap    18.00  1/20/2016   EUR    48.27
Goldman Sachs & Co Wertpap    19.00  3/23/2016   EUR    49.01
Goldman Sachs & Co Wertpap    22.00  1/20/2016   EUR    46.26
Goldman Sachs & Co Wertpap     6.00  6/22/2016   EUR    65.40
Goldman Sachs & Co Wertpap     7.00  6/22/2016   EUR    63.42
Goldman Sachs & Co Wertpap     8.00  6/22/2016   EUR    59.24
Goldman Sachs & Co Wertpap    10.00  6/22/2016   EUR    58.40
Goldman Sachs & Co Wertpap    18.00  6/22/2016   EUR    52.00
Goldman Sachs & Co Wertpap    15.00  6/22/2016   EUR    52.85
Landesbank Hessen-Thuering     4.00   2/6/2019   EUR    61.05
Notenstein Privatbank AG       8.50  1/16/2017   EUR    65.31
DZ Bank AG Deutsche Zentra     6.20 12/21/2015   EUR    55.32
DZ Bank AG Deutsche Zentra     5.50  3/21/2016   EUR    56.60
DZ Bank AG Deutsche Zentra     5.30 12/21/2015   EUR    74.61
DZ Bank AG Deutsche Zentra     5.90 12/21/2015   EUR    73.03
DZ Bank AG Deutsche Zentra     5.60  3/21/2016   EUR    74.04
Deutsche Bank AG               5.20  1/19/2016   EUR    55.10
Deutsche Bank AG               4.20  1/19/2016   EUR    54.80
Deutsche Bank AG               4.20  2/23/2016   EUR    62.00
Deutsche Bank AG               5.20  2/23/2016   EUR    62.30
Deutsche Bank AG               4.20  2/23/2016   EUR    58.40
Deutsche Bank AG               5.20  2/23/2016   EUR    58.70
Deutsche Bank AG               4.20  2/23/2016   EUR    55.20
Deutsche Bank AG               5.20  2/23/2016   EUR    55.50
Deutsche Bank AG               6.20  1/19/2016   EUR    73.10
Deutsche Bank AG               7.20  1/19/2016   EUR    73.30
Deutsche Bank AG               7.20  1/19/2016   EUR    70.80
Deutsche Bank AG               6.20  1/19/2016   EUR    70.60
Deutsche Bank AG               6.20  2/23/2016   EUR    73.50
Deutsche Bank AG               7.20  2/23/2016   EUR    73.80
Deutsche Bank AG               6.20  2/23/2016   EUR    71.00
Deutsche Bank AG               7.20  2/23/2016   EUR    71.30
Deutsche Bank AG               6.20  1/19/2016   EUR    57.10
Deutsche Bank AG               7.20  1/19/2016   EUR    57.40
Deutsche Bank AG               7.20  1/19/2016   EUR    55.10
Deutsche Bank AG               6.20  1/19/2016   EUR    54.90
Deutsche Bank AG               6.20  1/19/2016   EUR    52.90
Deutsche Bank AG               7.20  1/19/2016   EUR    53.10
Deutsche Bank AG               7.20  2/23/2016   EUR    58.00
Deutsche Bank AG               6.20  2/23/2016   EUR    57.70
Deutsche Bank AG               7.20  2/23/2016   EUR    55.80
Deutsche Bank AG               6.20  2/23/2016   EUR    55.50
Deutsche Bank AG               7.20  2/23/2016   EUR    53.70
Deutsche Bank AG               6.20  2/23/2016   EUR    53.40
Deutsche Bank AG               6.20  1/19/2016   EUR    62.00
Deutsche Bank AG               7.20  1/19/2016   EUR    62.20
Deutsche Bank AG               6.20  1/19/2016   EUR    58.40
Deutsche Bank AG               7.20  1/19/2016   EUR    58.60
Deutsche Bank AG               7.20  1/19/2016   EUR    55.50
Deutsche Bank AG               6.20  1/19/2016   EUR    55.30
Deutsche Bank AG               7.20  2/23/2016   EUR    62.90
Deutsche Bank AG               6.20  2/23/2016   EUR    62.60
Deutsche Bank AG               7.20  2/23/2016   EUR    59.30
Deutsche Bank AG               6.20  2/23/2016   EUR    59.00
Deutsche Bank AG               7.20  2/23/2016   EUR    56.10
Deutsche Bank AG               6.20  2/23/2016   EUR    55.80
Deutsche Bank AG               7.20 11/25/2015   EUR    75.10
Deutsche Bank AG               6.20 11/25/2015   EUR    72.30
Deutsche Bank AG               7.20 11/25/2015   EUR    72.30
Deutsche Bank AG               7.20 11/25/2015   EUR    56.30
Deutsche Bank AG               7.20 11/25/2015   EUR    54.00
Deutsche Bank AG               7.20 11/25/2015   EUR    52.00
Deutsche Bank AG               7.20 11/25/2015   EUR    61.10
Deutsche Bank AG               6.20 11/25/2015   EUR    61.10
Deutsche Bank AG               7.20 11/25/2015   EUR    57.60
Deutsche Bank AG               7.20  3/22/2016   EUR    74.20
Deutsche Bank AG               7.20  3/22/2016   EUR    58.50
Deutsche Bank AG               6.20  3/22/2016   EUR    58.20
Deutsche Bank AG               7.20  3/22/2016   EUR    56.30
Deutsche Bank AG               7.20  3/22/2016   EUR    54.30
Deutsche Bank AG               7.20  3/22/2016   EUR    63.40
Deutsche Bank AG               7.20  3/22/2016   EUR    59.90
Goldman Sachs & Co Wertpap    13.00 11/25/2015   EUR    69.91
Goldman Sachs & Co Wertpap     6.00  1/20/2016   EUR    70.48
Goldman Sachs & Co Wertpap     8.00  1/20/2016   EUR    70.87
Goldman Sachs & Co Wertpap    10.00  1/20/2016   EUR    71.26
Goldman Sachs & Co Wertpap    12.00  1/20/2016   EUR    71.65
Goldman Sachs & Co Wertpap    11.00  3/23/2016   EUR    73.04
Goldman Sachs & Co Wertpap     5.00  6/22/2016   EUR    68.95
Goldman Sachs & Co Wertpap     8.00  6/22/2016   EUR    70.80
Goldman Sachs & Co Wertpap    10.00  6/22/2016   EUR    72.03
Goldman Sachs & Co Wertpap    10.00  6/22/2016   EUR    72.03
Goldman Sachs & Co Wertpap     6.00 11/25/2015   EUR    51.81
Goldman Sachs & Co Wertpap     7.00 11/25/2015   EUR    51.85
Goldman Sachs & Co Wertpap     6.00  1/20/2016   EUR    52.73
Goldman Sachs & Co Wertpap     7.00  1/20/2016   EUR    52.93
Goldman Sachs & Co Wertpap    10.00  1/20/2016   EUR    53.51
Goldman Sachs & Co Wertpap    12.00  1/20/2016   EUR    53.90
Goldman Sachs & Co Wertpap    12.00  1/20/2016   EUR    53.90
Goldman Sachs & Co Wertpap    11.00  3/23/2016   EUR    55.52
Goldman Sachs & Co Wertpap    11.00  3/23/2016   EUR    55.52
Goldman Sachs & Co Wertpap     6.00  6/22/2016   EUR    53.62
Goldman Sachs & Co Wertpap     7.00  6/22/2016   EUR    54.27
Goldman Sachs & Co Wertpap    10.00  6/22/2016   EUR    56.05
Goldman Sachs & Co Wertpap    10.00  6/22/2016   EUR    56.08
Goldman Sachs & Co Wertpap    10.00  6/22/2016   EUR    55.85
Goldman Sachs & Co Wertpap    11.00  6/22/2016   EUR    56.70
Goldman Sachs & Co Wertpap    11.00  6/22/2016   EUR    56.70
Goldman Sachs & Co Wertpap    12.00 11/25/2015   EUR    54.66
Goldman Sachs & Co Wertpap    12.00 11/25/2015   EUR    54.66
Goldman Sachs & Co Wertpap    11.00  1/20/2016   EUR    56.34
Goldman Sachs & Co Wertpap    11.00  1/20/2016   EUR    56.34
Goldman Sachs & Co Wertpap    10.00  6/22/2016   EUR    60.00
Goldman Sachs & Co Wertpap    10.00  6/22/2016   EUR    60.00
Deutsche Bank AG               4.20  1/19/2016   EUR    72.70
Deutsche Bank AG               5.20  1/19/2016   EUR    70.40
Deutsche Bank AG               5.20  1/19/2016   EUR    72.90
Deutsche Bank AG               4.20  1/19/2016   EUR    70.20
Deutsche Bank AG               4.20  2/23/2016   EUR    70.50
Deutsche Bank AG               5.20  2/23/2016   EUR    73.20
Deutsche Bank AG               4.20  2/23/2016   EUR    72.90
Deutsche Bank AG               5.20  2/23/2016   EUR    70.70
Deutsche Bank AG               5.20  1/19/2016   EUR    59.40
Deutsche Bank AG               4.20  1/19/2016   EUR    59.20
Deutsche Bank AG               5.20  1/19/2016   EUR    56.90
Deutsche Bank AG               4.20  1/19/2016   EUR    56.70
Deutsche Bank AG               4.20  1/19/2016   EUR    54.50
Deutsche Bank AG               5.20  1/19/2016   EUR    54.70
Deutsche Bank AG               5.20  1/19/2016   EUR    52.60
Deutsche Bank AG               4.20  1/19/2016   EUR    52.40
Deutsche Bank AG               5.20  2/23/2016   EUR    59.80
Deutsche Bank AG               4.20  2/23/2016   EUR    59.50
Deutsche Bank AG               5.20  2/23/2016   EUR    57.40
Deutsche Bank AG               4.20  2/23/2016   EUR    57.10
Deutsche Bank AG               4.20  2/23/2016   EUR    54.90
Deutsche Bank AG               5.20  2/23/2016   EUR    55.20
Deutsche Bank AG               5.20  2/23/2016   EUR    53.10
Deutsche Bank AG               4.20  2/23/2016   EUR    52.80
Deutsche Bank AG               5.20  1/19/2016   EUR    61.80
Deutsche Bank AG               4.20  1/19/2016   EUR    61.60
Deutsche Bank AG               5.20  1/19/2016   EUR    58.20
Deutsche Bank AG               4.20  1/19/2016   EUR    58.00
Deutsche Bank AG               6.20 11/25/2015   EUR    46.60
Deutsche Bank AG               6.20  3/22/2016   EUR    72.30
Deutsche Bank AG               5.20  3/22/2016   EUR    68.10
Deutsche Bank AG               5.20  6/22/2016   EUR    72.90
Goldman Sachs & Co Wertpap     7.00  6/22/2016   EUR    70.61
Goldman Sachs & Co Wertpap     9.00  6/22/2016   EUR    67.66
Goldman Sachs & Co Wertpap    22.00 12/23/2015   EUR    39.88
Goldman Sachs & Co Wertpap     4.00  1/20/2016   EUR    59.14
Goldman Sachs & Co Wertpap     6.00  1/20/2016   EUR    54.87
Goldman Sachs & Co Wertpap     7.00  1/20/2016   EUR    53.01
Goldman Sachs & Co Wertpap    15.00  1/20/2016   EUR    44.90
Goldman Sachs & Co Wertpap    18.00  1/20/2016   EUR    43.02
Goldman Sachs & Co Wertpap    21.00  1/20/2016   EUR    41.41
Goldman Sachs & Co Wertpap     4.00  6/22/2016   EUR    61.56
Goldman Sachs & Co Wertpap     4.00  6/22/2016   EUR    59.10
Goldman Sachs & Co Wertpap     6.00  6/22/2016   EUR    55.93
Goldman Sachs & Co Wertpap     7.00  6/22/2016   EUR    54.58
Goldman Sachs & Co Wertpap    10.00  6/22/2016   EUR    51.30
Goldman Sachs & Co Wertpap    21.00 11/25/2015   EUR    72.10
Goldman Sachs & Co Wertpap    18.00  1/20/2016   EUR    74.85
Goldman Sachs & Co Wertpap    15.00  6/22/2016   EUR    47.80
Goldman Sachs & Co Wertpap    17.00  6/22/2016   EUR    46.91
Goldman Sachs & Co Wertpap     8.00  6/22/2016   EUR    59.02
Deutsche Bank AG               5.20  6/22/2016   EUR    53.10
Deutsche Bank AG               4.20 11/25/2015   EUR    53.90
Deutsche Bank AG               4.20  3/22/2016   EUR    53.10
Deutsche Bank AG               4.20 11/25/2015   EUR    51.80
Deutsche Bank AG               4.20 12/22/2015   EUR    52.10
Deutsche Bank AG               3.20  3/22/2016   EUR    52.80
Deutsche Bank AG               3.20  6/22/2016   EUR    53.90
Bank Julius Baer & Co Ltd/    14.20 12/18/2015   USD    42.25
Deutsche Bank AG               3.20  6/22/2016   EUR    51.90
Deutsche Bank AG               4.20  6/22/2016   EUR    52.50
Deutsche Bank AG               3.20  6/22/2016   EUR    61.90
Deutsche Bank AG               4.20  6/22/2016   EUR    62.50
Goldman Sachs & Co Wertpap     5.00  1/20/2016   EUR    62.05
Goldman Sachs & Co Wertpap     5.00  6/22/2016   EUR    63.86
Goldman Sachs & Co Wertpap    21.00  1/20/2016   EUR    75.15
DZ Bank AG Deutsche Zentra     5.50 12/21/2015   EUR    69.89
DZ Bank AG Deutsche Zentra     6.20 12/21/2015   EUR    55.32
DZ Bank AG Deutsche Zentra     5.40  3/21/2016   EUR    56.57
Vontobel Financial Product     8.15 12/11/2015   EUR    60.01
Vontobel Financial Product     6.00 12/11/2015   EUR    63.51
Vontobel Financial Product     7.75  6/10/2016   EUR    73.25
Vontobel Financial Product     4.50 12/11/2015   EUR    61.26
Vontobel Financial Product     4.60  3/11/2016   EUR    62.30
Vontobel Financial Product     6.80  3/11/2016   EUR    58.07
Vontobel Financial Product     5.20  6/10/2016   EUR    62.07
Vontobel Financial Product     7.15  6/10/2016   EUR    58.46
Vontobel Financial Product     4.70  1/15/2016   EUR    58.20
Vontobel Financial Product    10.00  1/15/2016   EUR    51.80
Vontobel Financial Product     3.40  5/13/2016   EUR    62.16
Vontobel Financial Product     5.65  3/11/2016   EUR    64.24
Vontobel Financial Product     7.35  3/11/2016   EUR    61.33
Goldman Sachs & Co Wertpap    11.00  3/23/2016   EUR    43.61
Goldman Sachs & Co Wertpap     9.00  3/23/2016   EUR    45.17
Goldman Sachs & Co Wertpap     9.00  3/23/2016   EUR    45.17
Goldman Sachs & Co Wertpap     9.00  3/23/2016   EUR    45.17
Notenstein Privatbank AG       7.50  9/26/2016   EUR    61.61
Vontobel Financial Product     7.65 12/28/2015   EUR    67.72
Vontobel Financial Product     6.45 12/28/2015   EUR    59.97
Vontobel Financial Product     5.40 12/28/2015   EUR    61.62
Vontobel Financial Product     4.45 12/28/2015   EUR    63.40
DZ Bank AG Deutsche Zentra     6.25 12/11/2015   EUR    49.29
Leonteq Securities AG/Guer    11.20 12/29/2015   CHF    50.07
Leonteq Securities AG/Guer     8.20 12/29/2015   CHF    58.67
Deutsche Bank AG               4.20 12/22/2015   EUR    69.90
Deutsche Bank AG               4.20 12/22/2015   EUR    67.50
Deutsche Bank AG               5.20  6/21/2016   EUR    59.70
Deutsche Bank AG               6.20  3/22/2016   EUR    59.50
Deutsche Bank AG               5.20  6/21/2016   EUR    63.10
Deutsche Bank AG               6.20  6/21/2016   EUR    63.80
Deutsche Bank AG               6.20  3/22/2016   EUR    63.00
Deutsche Bank AG               5.20  3/22/2016   EUR    62.60
Deutsche Bank AG               5.20  3/22/2016   EUR    59.10
Deutsche Bank AG               6.20  6/21/2016   EUR    60.30
UniCredit Bank AG              4.00 12/28/2015   EUR    68.06
UniCredit Bank AG              4.00 12/28/2015   EUR    60.87
UniCredit Bank AG              4.20 12/28/2015   EUR    64.49
UniCredit Bank AG              4.10 12/28/2015   EUR    57.94
UniCredit Bank AG              4.00 12/28/2015   EUR    41.01
UniCredit Bank AG              4.40 12/28/2015   EUR    75.08
Leonteq Securities AG/Guer    13.60   1/6/2016   CHF    47.83
Leonteq Securities AG/Guer    12.60   1/6/2016   USD    57.41
Vontobel Financial Product     2.65 12/11/2015   EUR    67.46
Vontobel Financial Product     5.00  3/11/2016   EUR    62.56
Vontobel Financial Product     4.15  3/11/2016   EUR    64.20
Vontobel Financial Product     3.40  3/11/2016   EUR    65.99
Vontobel Financial Product     2.70  3/11/2016   EUR    67.91
Vontobel Financial Product     5.90  3/11/2016   EUR    61.04
Vontobel Financial Product     5.45  6/10/2016   EUR    63.61
Vontobel Financial Product     3.95  6/10/2016   EUR    66.59
Vontobel Financial Product     6.55 12/11/2015   EUR    59.63
Vontobel Financial Product     4.10 12/11/2015   EUR    49.94
Vontobel Financial Product     4.05  3/11/2016   EUR    50.99
Vontobel Financial Product     3.30  3/11/2016   EUR    52.64
Vontobel Financial Product     5.40 12/11/2015   EUR    61.38
Vontobel Financial Product     4.40 12/11/2015   EUR    63.27
Vontobel Financial Product     3.50 12/11/2015   EUR    65.29
Vontobel Financial Product     6.55 12/11/2015   EUR    69.83
Vontobel Financial Product     4.10 12/11/2015   EUR    74.91
Credit Suisse AG/Nassau        7.00  4/14/2016   EUR    67.59
Notenstein Finance Guernse     8.68   4/1/2016   USD    36.50
DZ Bank AG Deutsche Zentra     4.75 12/11/2015   EUR    59.24
DZ Bank AG Deutsche Zentra     8.50 12/28/2015   EUR    49.87
Goldman Sachs & Co Wertpap     8.00  3/23/2016   EUR    67.51
Goldman Sachs & Co Wertpap     6.00 12/23/2015   EUR    58.07
Deutsche Bank AG               3.20 11/25/2015   EUR    53.80
Deutsche Bank AG               3.20 11/25/2015   EUR    51.80
Deutsche Bank AG               3.20 11/25/2015   EUR    49.90
Deutsche Bank AG               8.20 11/25/2015   EUR    67.40
Deutsche Bank AG               8.20 12/22/2015   EUR    68.00
Deutsche Bank AG              10.00 11/25/2015   EUR    65.30
Deutsche Bank AG              10.00 12/22/2015   EUR    66.00
Deutsche Bank AG              10.00 11/25/2015   EUR    42.40
Deutsche Bank AG              10.00 12/22/2015   EUR    43.20
Deutsche Bank AG               7.20 12/22/2015   EUR    65.80
Deutsche Bank AG               3.20 12/22/2015   EUR    69.80
Deutsche Bank AG               3.20 12/22/2015   EUR    72.40
Deutsche Bank AG               3.20 12/22/2015   EUR    67.40
Deutsche Bank AG               3.20 12/22/2015   EUR    65.20
Deutsche Bank AG               3.20 11/25/2015   EUR    69.60
Deutsche Bank AG              10.00 11/25/2015   EUR    57.70
Deutsche Bank AG              10.00 12/22/2015   EUR    58.50
Notenstein Privatbank AG       8.20 10/20/2016   USD    53.79
Notenstein Privatbank AG       7.50 10/17/2016   EUR    69.97
DZ Bank AG Deutsche Zentra     4.90 12/11/2015   EUR    62.08
DZ Bank AG Deutsche Zentra     5.25 12/11/2015   EUR    58.95
DZ Bank AG Deutsche Zentra     5.00 12/11/2015   EUR    59.26
Norddeutsche Landesbank Gi     3.00   5/6/2016   EUR    58.06
Leonteq Securities AG/Guer     9.00   4/8/2016   USD     4.24
Deutsche Bank AG               3.20 12/22/2015   EUR    72.30
Deutsche Bank AG               3.20 12/22/2015   EUR    75.00
Deutsche Bank AG               3.20 12/22/2015   EUR    54.10
Deutsche Bank AG               3.20 12/22/2015   EUR    52.00
Deutsche Bank AG               3.20 12/22/2015   EUR    50.10
Deutsche Bank AG               3.20 12/22/2015   EUR    48.30
Deutsche Bank AG               3.20 12/22/2015   EUR    46.70
Deutsche Bank AG               4.20 12/22/2015   EUR    72.40
Deutsche Bank AG               4.20 12/22/2015   EUR    42.40
Deutsche Bank AG               5.20 12/22/2015   EUR    42.60
Deutsche Bank AG               4.20 12/22/2015   EUR    45.20
Deutsche Bank AG               4.20 12/22/2015   EUR    61.30
Deutsche Bank AG               6.20 12/22/2015   EUR    42.70
DZ Bank AG Deutsche Zentra     5.80 12/11/2015   EUR    65.08
DZ Bank AG Deutsche Zentra     6.40 12/11/2015   EUR    64.16
Goldman Sachs & Co Wertpap     4.00 11/25/2015   EUR    61.15
Goldman Sachs & Co Wertpap     8.00 11/25/2015   EUR    61.27
Vontobel Financial Product     7.25 12/28/2015   EUR    48.78
Vontobel Financial Product     6.75 12/28/2015   EUR    63.78
Vontobel Financial Product     5.65 12/28/2015   EUR    65.73
Deutsche Bank AG               3.20 11/25/2015   EUR    74.90
Leonteq Securities AG          5.20  11/7/2016   CHF    61.00
Goldman Sachs & Co Wertpap     6.00 11/25/2015   EUR    69.62
Goldman Sachs & Co Wertpap     4.00 11/25/2015   EUR    46.39
Goldman Sachs & Co Wertpap     6.00 11/25/2015   EUR    46.47
Goldman Sachs & Co Wertpap     7.00 11/25/2015   EUR    46.51
Goldman Sachs & Co Wertpap    10.00 11/25/2015   EUR    46.64
Deutsche Bank AG               5.20 11/25/2015   EUR    56.20
Deutsche Bank AG               6.20 11/25/2015   EUR    56.20
Deutsche Bank AG               6.20 11/25/2015   EUR    54.00
Deutsche Bank AG               5.20 11/25/2015   EUR    53.90
Deutsche Bank AG               3.20 12/22/2015   EUR    58.70
DZ Bank AG Deutsche Zentra     7.75 11/27/2015   EUR    67.47
DZ Bank AG Deutsche Zentra     5.75 11/27/2015   EUR    59.43
DZ Bank AG Deutsche Zentra    10.00 11/27/2015   EUR    52.90
Goldman Sachs & Co Wertpap     9.00 12/23/2015   EUR    66.07
Goldman Sachs & Co Wertpap     8.00  3/23/2016   EUR    67.81
Deutsche Bank AG               7.20 12/22/2015   EUR    65.70
Deutsche Bank AG               5.20 12/22/2015   EUR    65.50
Deutsche Bank AG               7.20 12/22/2015   EUR    70.30
Deutsche Bank AG               6.20 12/22/2015   EUR    65.60
Deutsche Bank AG               8.20 12/22/2015   EUR    65.90
Vontobel Financial Product     8.80 12/28/2015   EUR    51.58
Vontobel Financial Product     5.45 12/28/2015   EUR    56.73
DekaBank Deutsche Girozent     4.00 10/21/2016   EUR    63.83
Leonteq Securities AG          3.00  9/19/2019   CHF    70.95
Vontobel Financial Product     7.30 12/28/2015   EUR    61.89
DZ Bank AG Deutsche Zentra     2.80 12/23/2015   EUR    71.16
DZ Bank AG Deutsche Zentra     4.00 12/23/2015   EUR    67.55
DZ Bank AG Deutsche Zentra     5.30 12/23/2015   EUR    64.36
DZ Bank AG Deutsche Zentra     4.80 12/23/2015   EUR    49.73
DZ Bank AG Deutsche Zentra     5.10 12/23/2015   EUR    50.52
DZ Bank AG Deutsche Zentra     5.10 12/23/2015   EUR    48.14
DZ Bank AG Deutsche Zentra     4.40 12/23/2015   EUR    45.84
DZ Bank AG Deutsche Zentra     2.20 12/23/2015   EUR    58.33
DZ Bank AG Deutsche Zentra     3.50 12/23/2015   EUR    55.11
DZ Bank AG Deutsche Zentra     6.40 12/23/2015   EUR    72.41
DZ Bank AG Deutsche Zentra     2.70 12/23/2015   EUR    48.04
DZ Bank AG Deutsche Zentra     4.60 12/23/2015   EUR    46.08
DZ Bank AG Deutsche Zentra     3.20 12/23/2015   EUR    45.91
DZ Bank AG Deutsche Zentra     4.50 12/23/2015   EUR    65.07
DZ Bank AG Deutsche Zentra     5.10 12/23/2015   EUR    62.17
DZ Bank AG Deutsche Zentra     4.90 12/23/2015   EUR    59.30
DZ Bank AG Deutsche Zentra     6.00 12/11/2015   EUR    68.39
DZ Bank AG Deutsche Zentra     4.90 12/11/2015   EUR    70.95
DZ Bank AG Deutsche Zentra     4.40 12/11/2015   EUR    58.13
DZ Bank AG Deutsche Zentra     4.90 12/11/2015   EUR    57.19
BNP Paribas Emissions- und     7.00  1/21/2016   EUR    73.03
Deutsche Bank AG               4.20 12/22/2015   EUR    46.80
Deutsche Bank AG               6.20  3/22/2016   EUR    73.90
Deutsche Bank AG               5.20  3/22/2016   EUR    73.50
Deutsche Bank AG               4.20 12/22/2015   EUR    57.70
Deutsche Bank AG               6.20  3/22/2016   EUR    71.40
Deutsche Bank AG               5.20  3/22/2016   EUR    71.00
Deutsche Bank AG               5.20  6/21/2016   EUR    71.30
Deutsche Bank AG               6.20  6/21/2016   EUR    71.90
Deutsche Bank AG               5.20  6/21/2016   EUR    69.00
Deutsche Bank AG               6.20  6/21/2016   EUR    69.60
Deutsche Bank AG               5.20  3/22/2016   EUR    48.20
Deutsche Bank AG               6.20  3/22/2016   EUR    48.60
Deutsche Bank AG               5.20  3/22/2016   EUR    46.70
Deutsche Bank AG               6.20  3/22/2016   EUR    47.00
Deutsche Bank AG               5.20  6/21/2016   EUR    48.00
Deutsche Bank AG               6.20  6/21/2016   EUR    48.60
Deutsche Bank AG               5.20  6/21/2016   EUR    46.50
Deutsche Bank AG               6.20  6/21/2016   EUR    47.20
Deutsche Bank AG               7.20 12/22/2015   EUR    62.70
Deutsche Bank AG               6.20 12/22/2015   EUR    62.50
Deutsche Bank AG               5.20 12/22/2015   EUR    62.40
HSBC Trinkaus & Burkhardt      6.40 12/28/2015   EUR    70.20
Notenstein Privatbank AG       8.00  10/3/2016   CHF    42.57
Notenstein Privatbank AG       7.00  10/3/2016   EUR    64.03
Leonteq Securities AG/Guer     6.84  9/25/2017   GBP    72.01
Vontobel Financial Product     4.55 12/28/2015   EUR    55.34
Vontobel Financial Product     7.45 12/28/2015   EUR    44.82
Vontobel Financial Product     7.10 12/28/2015   EUR    74.15
Vontobel Financial Product     3.30 12/28/2015   EUR    74.96
DZ Bank AG Deutsche Zentra     6.00 12/11/2015   EUR    68.39
DZ Bank AG Deutsche Zentra     5.25 12/11/2015   EUR    68.32
Notenstein Privatbank AG       5.50  9/26/2016   CHF    61.19
Notenstein Privatbank AG       5.00  9/26/2016   CHF    60.31
DZ Bank AG Deutsche Zentra     5.60  3/30/2017   EUR    48.31
Goldman Sachs & Co Wertpap     7.00  3/23/2016   EUR    56.76
Goldman Sachs & Co Wertpap     7.00  3/23/2016   EUR    56.76
Goldman Sachs & Co Wertpap     8.00  3/23/2016   EUR    57.13
Goldman Sachs & Co Wertpap     8.00  3/23/2016   EUR    57.13
Deutsche Bank AG               5.50 12/22/2015   EUR    69.70
Deutsche Bank AG               4.50 12/22/2015   EUR    69.58
Deutsche Bank AG               4.50 12/22/2015   EUR    55.87
UniCredit Bank AG              4.00 10/14/2019   EUR    59.69
Vontobel Financial Product     6.95 12/28/2015   EUR    70.09
Vontobel Financial Product     8.00 12/28/2015   EUR    43.57
Goldman Sachs & Co Wertpap     5.00 11/25/2015   EUR    69.58
Goldman Sachs & Co Wertpap     8.00 11/25/2015   EUR    69.71
Goldman Sachs & Co Wertpap     6.00 11/25/2015   EUR    74.97
Deutsche Bank AG               6.95 12/22/2015   EUR    62.65
BNP Paribas Emissions- und     9.00  1/21/2016   EUR    63.01
Barclays Bank PLC              8.10  4/15/2016   USD    63.00
DZ Bank AG Deutsche Zentra     6.00 12/11/2015   EUR    70.32
DZ Bank AG Deutsche Zentra     6.75 12/11/2015   EUR    59.08
Leonteq Securities AG/Guer     8.04  4/21/2016   USD    60.42
Deutsche Bank AG               6.20 12/22/2015   EUR    56.70
Deutsche Bank AG               6.20 12/22/2015   EUR    54.50
Deutsche Bank AG               5.20 12/22/2015   EUR    54.30
HSBC Trinkaus & Burkhardt      8.70 12/28/2015   EUR    50.86
Deutsche Bank AG               5.20 11/25/2015   EUR    69.70
Deutsche Bank AG               6.20 11/25/2015   EUR    69.80
Deutsche Bank AG               6.20 12/22/2015   EUR    70.20
Deutsche Bank AG               5.20 12/22/2015   EUR    70.10
HSBC Trinkaus & Burkhardt      7.00 12/28/2015   EUR    65.87
Leonteq Securities AG/Guer    12.40   2/3/2016   CHF    37.76
Vontobel Financial Product     8.70 12/28/2015   EUR    53.91
Vontobel Financial Product     5.05 12/11/2015   EUR    70.07
Vontobel Financial Product     6.15 12/11/2015   EUR    67.76
Vontobel Financial Product     5.70 12/28/2015   EUR    67.74
Vontobel Financial Product     3.05 12/28/2015   EUR    73.48
Vontobel Financial Product     6.75 12/28/2015   EUR    54.47
Vontobel Financial Product     4.15 12/28/2015   EUR    70.14
DZ Bank AG Deutsche Zentra     7.00 12/11/2015   EUR    74.28
Deutsche Bank AG               3.20 11/25/2015   EUR    61.20
Deutsche Bank AG               3.20 12/22/2015   EUR    56.30
Deutsche Bank AG               3.20 11/25/2015   EUR    56.10
Deutsche Bank AG               3.20 11/25/2015   EUR    58.50
Goldman Sachs & Co Wertpap     7.00 11/25/2015   EUR    75.01
Goldman Sachs & Co Wertpap     6.00 11/25/2015   EUR    53.88
Goldman Sachs & Co Wertpap    12.00 11/25/2015   EUR    45.19
Leonteq Securities AG/Guer    12.40  4/27/2016   CHF    58.92
Leonteq Securities AG/Guer    10.40  4/27/2016   CHF    37.58
Leonteq Securities AG/Guer    13.60  4/27/2016   USD    63.74
Notenstein Privatbank AG       7.70 10/24/2016   EUR    69.71
Goldman Sachs & Co Wertpap     7.00 11/25/2015   EUR    61.27
Goldman Sachs & Co Wertpap    10.00 11/25/2015   EUR    61.35
Goldman Sachs & Co Wertpap    10.00 11/25/2015   EUR    61.35
UniCredit Bank AG              5.00 11/26/2015   EUR    49.04
UniCredit Bank AG              4.65 11/26/2015   EUR    68.38
UniCredit Bank AG              4.00 11/26/2015   EUR    52.83
UniCredit Bank AG              5.50 11/26/2015   EUR    47.37
UniCredit Bank AG              4.65 11/26/2015   EUR    50.89
UniCredit Bank AG              4.75 11/26/2015   EUR    50.41
UniCredit Bank AG              4.95 11/26/2015   EUR    66.08
UniCredit Bank AG              4.25 11/26/2015   EUR    72.40
UniCredit Bank AG              4.40 11/26/2015   EUR    69.82
UniCredit Bank AG              4.85 11/26/2015   EUR    49.95
UniCredit Bank AG              4.30 11/26/2015   EUR    71.35
UniCredit Bank AG              4.50 11/26/2015   EUR    69.31
UniCredit Bank AG              4.50 11/26/2015   EUR    51.35
UniCredit Bank AG              5.00 11/26/2015   EUR    74.94
UniCredit Bank AG              5.50 11/26/2015   EUR    72.23
UniCredit Bank AG              4.10 11/26/2015   EUR    74.00
UniCredit Bank AG              4.85 11/26/2015   EUR    66.99
UniCredit Bank AG              5.10 11/26/2015   EUR    64.37
UniCredit Bank AG              4.25 11/26/2015   EUR    51.83
UniCredit Bank AG              5.00 11/26/2015   EUR    65.22
UniCredit Bank AG              4.75 11/26/2015   EUR    67.44
UniCredit Bank AG              5.25 11/26/2015   EUR    48.18
UniCredit Bank AG              4.10 11/26/2015   EUR    52.34
UniCredit Bank AG              5.25 11/26/2015   EUR    73.58
UniCredit Bank AG              5.25 11/26/2015   EUR    63.13
DZ Bank AG Deutsche Zentra     5.60 12/11/2015   EUR    67.99
DZ Bank AG Deutsche Zentra     6.10 12/11/2015   EUR    67.06
DZ Bank AG Deutsche Zentra     7.10 12/11/2015   EUR    65.20
Goldman Sachs & Co Wertpap     4.00 11/25/2015   EUR    74.87
Goldman Sachs & Co Wertpap     7.00 11/25/2015   EUR    75.00
Goldman Sachs & Co Wertpap     8.00 11/25/2015   EUR    51.89
Goldman Sachs & Co Wertpap    10.00 11/25/2015   EUR    51.97
Goldman Sachs & Co Wertpap     6.00 12/23/2015   EUR    52.27
Goldman Sachs & Co Wertpap     7.00 12/23/2015   EUR    52.39
Goldman Sachs & Co Wertpap     8.00 12/23/2015   EUR    52.51
Goldman Sachs & Co Wertpap    10.00 12/23/2015   EUR    52.75
Goldman Sachs & Co Wertpap    11.00 12/23/2015   EUR    52.86
Goldman Sachs & Co Wertpap    11.00 12/23/2015   EUR    52.86
Goldman Sachs & Co Wertpap     7.00  3/23/2016   EUR    54.06
Goldman Sachs & Co Wertpap     5.00 11/25/2015   EUR    64.06
Goldman Sachs & Co Wertpap     8.00 11/25/2015   EUR    58.63
Goldman Sachs & Co Wertpap    10.00 11/25/2015   EUR    54.05
Goldman Sachs & Co Wertpap    13.00 11/25/2015   EUR    50.20
Goldman Sachs & Co Wertpap     6.00 12/23/2015   EUR    61.69
Goldman Sachs & Co Wertpap    10.00 12/23/2015   EUR    54.86
Goldman Sachs & Co Wertpap    13.00 12/23/2015   EUR    51.24
Goldman Sachs & Co Wertpap     5.00  3/23/2016   EUR    65.50
Goldman Sachs & Co Wertpap     6.00  3/23/2016   EUR    63.08
Goldman Sachs & Co Wertpap     7.00  3/23/2016   EUR    60.87
Goldman Sachs & Co Wertpap    10.00  3/23/2016   EUR    55.33
Goldman Sachs & Co Wertpap    11.00  3/23/2016   EUR    53.80
Deutsche Bank AG               7.20 12/22/2015   EUR    59.20
Deutsche Bank AG               6.20 12/22/2015   EUR    59.10
Deutsche Bank AG               5.20 12/22/2015   EUR    59.00
Deutsche Bank AG               7.20 12/22/2015   EUR    56.80
Deutsche Bank AG               7.20 12/22/2015   EUR    54.60
Deutsche Bank AG               8.20 12/22/2015   EUR    54.70
DZ Bank AG Deutsche Zentra     7.00 12/11/2015   EUR    59.10
Notenstein Privatbank AG      10.00  4/29/2016   CHF    53.28
Notenstein Privatbank AG       8.50 10/31/2016   EUR    67.50
DZ Bank AG Deutsche Zentra     9.50 11/27/2015   EUR    58.97
HSBC Trinkaus & Burkhardt     13.50 12/28/2015   EUR    57.55
HSBC Trinkaus & Burkhardt      7.70 12/28/2015   EUR    63.97
HSBC Trinkaus & Burkhardt     11.90 12/28/2015   EUR    55.67
HSBC Trinkaus & Burkhardt      9.20 12/28/2015   EUR    58.71
HSBC Trinkaus & Burkhardt      6.30  3/25/2016   EUR    63.33
Goldman Sachs & Co Wertpap     4.00  3/23/2016   EUR    51.06
Goldman Sachs & Co Wertpap     6.00  3/23/2016   EUR    51.80
Goldman Sachs & Co Wertpap     8.00  3/23/2016   EUR    52.53
Goldman Sachs & Co Wertpap     9.00  3/23/2016   EUR    52.90
Goldman Sachs & Co Wertpap     9.00  3/23/2016   EUR    52.90
Goldman Sachs & Co Wertpap     9.00  3/23/2016   EUR    52.90
Goldman Sachs & Co Wertpap    10.00 11/25/2015   EUR    75.12
Goldman Sachs & Co Wertpap    11.00 11/25/2015   EUR    50.10
Goldman Sachs & Co Wertpap    11.00 11/25/2015   EUR    50.10
Goldman Sachs & Co Wertpap    11.00 11/25/2015   EUR    50.10
Goldman Sachs & Co Wertpap    10.00 11/25/2015   EUR    75.14
Goldman Sachs & Co Wertpap    13.00 11/25/2015   EUR    69.93
Goldman Sachs & Co Wertpap    11.00  3/23/2016   EUR    73.28
Goldman Sachs & Co Wertpap     7.00 11/25/2015   EUR    56.16
Goldman Sachs & Co Wertpap     7.00 12/23/2015   EUR    56.74
DekaBank Deutsche Girozent     7.15 10/27/2017   EUR    56.95
Leonteq Securities AG/Guer    10.00 11/10/2015   CHF    43.75
Notenstein Privatbank AG       7.50  11/7/2016   EUR    63.28
Landesbank Hessen-Thuering     3.25  11/7/2016   EUR    68.10
Credit Suisse AG/Nassau        7.50  5/10/2016   EUR    60.41
Leonteq Securities AG          6.25 11/20/2015   EUR    57.73
Leonteq Securities AG         10.00 11/20/2015   USD    74.94
UBS AG/London                  9.50 12/29/2015   EUR    42.81
UBS AG/London                  9.00 12/23/2016   EUR    54.91
BNP Paribas Emissions- und     4.50 12/24/2015   EUR    61.56
BNP Paribas Emissions- und     6.75 12/24/2015   EUR    56.74
BNP Paribas Emissions- und     3.75  6/23/2016   EUR    67.30
BNP Paribas Emissions- und     5.00  6/23/2016   EUR    62.57
BNP Paribas Emissions- und     6.75  6/23/2016   EUR    58.87
Vontobel Financial Product     3.35 12/11/2015   EUR    73.37
Vontobel Financial Product     4.90 12/11/2015   EUR    69.73
Vontobel Financial Product     6.00 12/11/2015   EUR    67.51
Vontobel Financial Product     9.25 12/11/2015   EUR    62.63
Vontobel Financial Product     5.50 12/11/2015   EUR    54.03
Vontobel Financial Product     4.40 12/11/2015   EUR    56.17
DZ Bank AG Deutsche Zentra     5.00 11/27/2015   EUR    69.96
Bank Julius Baer & Co Ltd/    13.70 11/11/2015   CHF    63.75
Leasing-Experts SA             9.00   6/5/2016   PLN    20.15
Landesbank Hessen-Thuering     4.00 11/27/2015   EUR    53.90
Goldman Sachs & Co Wertpap     9.00  3/23/2016   EUR    60.67
Goldman Sachs & Co Wertpap     9.00  3/23/2016   EUR    60.67
Vontobel Financial Product     9.00 11/27/2015   EUR    48.23
Vontobel Financial Product     7.40 11/27/2015   EUR    57.68
Vontobel Financial Product     3.30 11/27/2015   EUR    65.14
Vontobel Financial Product     6.35 11/27/2015   EUR    74.90
DZ Bank AG Deutsche Zentra     5.90 12/21/2015   EUR    60.17
Goldman Sachs & Co Wertpap     8.00 12/23/2015   EUR    52.56
DZ Bank AG Deutsche Zentra     6.00 11/27/2015   EUR    69.72
BNP Paribas Emissions- und     5.50 12/24/2015   EUR    62.06
BNP Paribas Emissions- und     5.00 12/24/2015   EUR    57.62
BNP Paribas Emissions- und     5.00  6/23/2016   EUR    71.59
UBS AG/London                  5.30 12/23/2015   EUR    60.13
Vontobel Financial Product     7.50 11/13/2015   EUR    56.38
Vontobel Financial Product     5.00 11/21/2016   EUR    61.12
Vontobel Financial Product     8.00  12/4/2015   EUR    47.22
DekaBank Deutsche Girozent     3.00  5/15/2018   EUR    57.01
Bank Julius Baer & Co Ltd/     9.75 11/13/2015   USD    44.25
Bank Julius Baer & Co Ltd/    10.20 11/13/2015   USD    46.60
Bank Julius Baer & Co Ltd/     9.75 11/13/2015   USD    61.70
Leonteq Securities AG/Guer     9.40 11/17/2015   CHF    48.16
UBS AG/London                  8.50 12/29/2015   EUR    46.49
UBS AG/London                 10.25 12/29/2015   EUR    46.04
UBS AG/London                  9.00  3/29/2016   EUR    45.03
UBS AG/London                  9.75  3/29/2016   EUR    49.56
UBS AG/London                  8.25  3/29/2016   EUR    48.47
UBS AG/London                 14.50 12/29/2015   EUR    43.81
UBS AG/London                 13.25 12/29/2015   EUR    46.43
Zurcher Kantonalbank Finan     8.02 11/13/2015   EUR    60.45
BNP Paribas Emissions- und     6.75 12/24/2015   EUR    56.67
BNP Paribas Emissions- und     6.25  6/23/2016   EUR    57.96
HSBC Trinkaus & Burkhardt     14.20 12/28/2015   EUR    45.81
HSBC Trinkaus & Burkhardt     10.30 12/28/2015   EUR    49.46
HSBC Trinkaus & Burkhardt      6.80 12/28/2015   EUR    54.04
HSBC Trinkaus & Burkhardt     14.40 12/28/2015   EUR    66.55
HSBC Trinkaus & Burkhardt      6.30 12/28/2015   EUR    54.55
HSBC Trinkaus & Burkhardt      8.10  3/25/2016   EUR    52.67
HSBC Trinkaus & Burkhardt     17.00 12/28/2015   EUR    53.46
HSBC Trinkaus & Burkhardt     11.90 12/28/2015   EUR    60.09
HSBC Trinkaus & Burkhardt      8.70 12/28/2015   EUR    65.82
Barclays Bank PLC              3.50   2/5/2016   EUR    65.43
UniCredit Bank AG              4.20 12/24/2015   EUR    70.76
UniCredit Bank AG              4.90 12/24/2015   EUR    51.81
UniCredit Bank AG              4.30 12/24/2015   EUR    69.19
UniCredit Bank AG              4.00 12/24/2015   EUR    74.06
UniCredit Bank AG              4.00 12/24/2015   EUR    56.24
UniCredit Bank AG              4.75 12/24/2015   EUR    52.32
Leonteq Securities AG         10.00  12/4/2015   CHF    69.26
UniCredit Bank AG              4.10 12/24/2015   EUR    59.78
UniCredit Bank AG              4.25 12/24/2015   EUR    54.50
UniCredit Bank AG              4.40 12/24/2015   EUR    56.70
UniCredit Bank AG              4.10 12/24/2015   EUR    72.38
UniCredit Bank AG              4.30 12/24/2015   EUR    57.69
Leonteq Securities AG         11.00  12/4/2015   USD    32.40
UniCredit Bank AG              4.20 12/24/2015   EUR    58.71
UniCredit Bank AG              4.50 12/24/2015   EUR    53.37
UniCredit Bank AG              5.00 12/24/2015   EUR    72.52
Vontobel Financial Product     6.65 12/28/2015   EUR    59.96
Deutsche Bank AG               6.20 12/22/2015   EUR    67.70
Deutsche Bank AG               7.20 12/22/2015   EUR    67.80
Deutsche Bank AG               7.20  6/21/2016   EUR    68.90
Deutsche Bank AG               6.20  6/21/2016   EUR    68.30
Deutsche Bank AG               6.20  6/21/2016   EUR    63.60
Deutsche Bank AG               6.20  6/21/2016   EUR    59.10
Deutsche Bank AG               7.20  6/21/2016   EUR    66.10
Deutsche Bank AG               7.20  6/21/2016   EUR    59.70
DekaBank Deutsche Girozent     4.10  5/12/2016   EUR    57.90
HSBC Trinkaus & Burkhardt     12.40 11/27/2015   EUR    65.35
HSBC Trinkaus & Burkhardt     13.70 12/28/2015   EUR    56.26
HSBC Trinkaus & Burkhardt      9.50 12/28/2015   EUR    60.51
HSBC Trinkaus & Burkhardt      7.20 11/27/2015   EUR    63.30
Leonteq Securities AG         11.00 11/19/2015   USD    73.28
DZ Bank AG Deutsche Zentra     7.75 11/27/2015   EUR    47.24
DZ Bank AG Deutsche Zentra     5.00 11/27/2015   EUR    60.59
DZ Bank AG Deutsche Zentra     5.50 11/27/2015   EUR    63.21
DZ Bank AG Deutsche Zentra     5.00  3/29/2016   EUR    60.42
HSBC Trinkaus & Burkhardt      7.60 11/27/2015   EUR    50.67
HSBC Trinkaus & Burkhardt     14.50 12/28/2015   EUR    64.37
HSBC Trinkaus & Burkhardt      7.40  3/25/2016   EUR    74.22
HSBC Trinkaus & Burkhardt      8.40 11/27/2015   EUR    72.34
HSBC Trinkaus & Burkhardt     14.70 12/28/2015   EUR    43.69
HSBC Trinkaus & Burkhardt      6.20 12/28/2015   EUR    52.44
HSBC Trinkaus & Burkhardt      8.00  3/25/2016   EUR    50.87
HSBC Trinkaus & Burkhardt      9.20 11/27/2015   EUR    48.38
HSBC Trinkaus & Burkhardt     12.50 12/28/2015   EUR    52.90
HSBC Trinkaus & Burkhardt      6.70  3/25/2016   EUR    59.93
HSBC Trinkaus & Burkhardt      7.60 11/27/2015   EUR    57.31
HSBC Trinkaus & Burkhardt     17.50 12/28/2015   EUR    58.17
HSBC Trinkaus & Burkhardt     13.70 12/28/2015   EUR    63.25
HSBC Trinkaus & Burkhardt     10.00 12/28/2015   EUR    69.57
Vontobel Financial Product     8.00 11/27/2015   EUR    48.83
Vontobel Financial Product     8.55 12/28/2015   EUR    48.96
Vontobel Financial Product     6.75 12/28/2015   EUR    62.74
Vontobel Financial Product     5.30 12/28/2015   EUR    72.17
UBS AG/London                 11.75 11/12/2015   CHF    55.74
BNP Paribas Emissions- und     5.00 12/24/2015   EUR    58.05
BNP Paribas Emissions- und     7.00 12/24/2015   EUR    58.28
BNP Paribas Emissions- und     8.00 12/24/2015   EUR    58.40
BNP Paribas Emissions- und     8.00 12/24/2015   EUR    58.40
Vontobel Financial Product     6.00  12/4/2015   EUR    68.33
Vontobel Financial Product     8.00  12/4/2015   EUR    46.07
Societe Generale SA           17.60 11/17/2015   EUR    42.10
BNP Paribas Emissions- und     6.00 12/24/2015   EUR    69.82
BNP Paribas Emissions- und     9.00 12/24/2015   EUR    70.17
BNP Paribas Emissions- und     6.00 12/24/2015   EUR    46.83
BNP Paribas Emissions- und     8.00 12/24/2015   EUR    47.06
BNP Paribas Emissions- und     8.50 12/24/2015   EUR    72.85
BNP Paribas Emissions- und    10.00 12/24/2015   EUR    70.50
BNP Paribas Emissions- und    11.00 12/24/2015   EUR    68.25
BNP Paribas Emissions- und     7.00  6/23/2016   EUR    74.79
BNP Paribas Emissions- und     9.00  6/23/2016   EUR    71.41
BNP Paribas Emissions- und    12.00 12/24/2015   EUR    72.99
BNP Paribas Emissions- und     4.50 12/24/2015   EUR    63.52
BNP Paribas Emissions- und     6.00 12/24/2015   EUR    61.74
BNP Paribas Emissions- und     8.00 12/24/2015   EUR    58.40
BNP Paribas Emissions- und     9.50 12/24/2015   EUR    56.93
BNP Paribas Emissions- und    10.00 12/24/2015   EUR    55.45
BNP Paribas Emissions- und     6.00  6/23/2016   EUR    64.12
BNP Paribas Emissions- und     6.50  6/23/2016   EUR    62.65
BNP Paribas Emissions- und     8.50  6/23/2016   EUR    60.58
BNP Paribas Emissions- und     9.00  6/23/2016   EUR    59.37
BNP Paribas Emissions- und    14.00 12/24/2015   EUR    78.71
BNP Paribas Emissions- und    12.00 12/24/2015   EUR    67.48
BNP Paribas Emissions- und     5.00 12/24/2015   EUR    56.54
BNP Paribas Emissions- und     6.00 12/24/2015   EUR    54.42
BNP Paribas Emissions- und     7.00 12/24/2015   EUR    52.48
BNP Paribas Emissions- und     8.50 12/24/2015   EUR    50.74
BNP Paribas Emissions- und     9.00 12/24/2015   EUR    49.03
BNP Paribas Emissions- und    11.00 12/24/2015   EUR    47.61
BNP Paribas Emissions- und    12.00 12/24/2015   EUR    46.18
BNP Paribas Emissions- und     5.00  6/23/2016   EUR    57.80
BNP Paribas Emissions- und     6.00  6/23/2016   EUR    56.28
BNP Paribas Emissions- und     7.00  6/23/2016   EUR    54.90
BNP Paribas Emissions- und     7.50  6/23/2016   EUR    53.36
BNP Paribas Emissions- und     9.50  6/23/2016   EUR    51.26
BNP Paribas Emissions- und    13.00 12/24/2015   EUR    63.04
BNP Paribas Emissions- und     5.00 12/24/2015   EUR    56.47
BNP Paribas Emissions- und     8.00 12/24/2015   EUR    51.26
BNP Paribas Emissions- und    12.00 12/24/2015   EUR    47.17
Goldman Sachs & Co Wertpap     8.00  3/23/2016   EUR    60.30
Goldman Sachs & Co Wertpap     8.00  3/23/2016   EUR    60.30
Goldman Sachs & Co Wertpap     8.00 11/25/2015   EUR    75.06
Goldman Sachs & Co Wertpap    19.00 11/25/2015   EUR    61.50
Goldman Sachs & Co Wertpap    18.00 12/23/2015   EUR    62.88
Goldman Sachs & Co Wertpap    13.00 12/23/2015   EUR    46.27
Goldman Sachs & Co Wertpap    20.00 11/25/2015   EUR    40.27
Goldman Sachs & Co Wertpap    19.00 12/23/2015   EUR    41.72
Goldman Sachs & Co Wertpap    16.00  3/23/2016   EUR    45.45
Goldman Sachs & Co Wertpap    14.00  3/23/2016   EUR    54.32
Deutsche Bank AG               7.20 12/22/2015   EUR    58.20
Deutsche Bank AG               6.20 12/22/2015   EUR    65.00
Deutsche Bank AG               7.20 12/22/2015   EUR    65.10
Deutsche Bank AG               6.20 12/22/2015   EUR    58.10
Deutsche Bank AG               6.20  6/21/2016   EUR    65.50
LBBW                           4.25  6/24/2016   EUR    51.26
LBBW                           3.00  1/26/2018   EUR    64.79
LBBW                           4.80  7/22/2016   EUR    52.04
LBBW                           4.50  6/24/2016   EUR    50.67
DZ Bank AG Deutsche Zentra     3.50  9/30/2016   EUR    59.70
Goldman Sachs & Co Wertpap     9.00 12/23/2015   EUR    73.98
Goldman Sachs & Co Wertpap     8.00 12/23/2015   EUR    71.82
Goldman Sachs & Co Wertpap     7.00 12/23/2015   EUR    56.92
Goldman Sachs & Co Wertpap     8.00 12/23/2015   EUR    60.40
UBS AG                        17.25 12/29/2015   EUR    68.38
UBS AG                        12.75 12/29/2015   EUR    57.49
UBS AG                        19.75 12/29/2015   EUR    43.42
UBS AG                        14.50 12/29/2015   EUR    60.71
UBS AG                        15.75 12/29/2015   EUR    58.41
UBS AG                        12.00 12/29/2015   EUR    66.02
UBS AG                        21.00 12/29/2015   EUR    65.45
UBS AG/London                 24.50  3/29/2016   EUR    71.95
Leonteq Securities AG/Guer    10.80 11/24/2015   CHF    52.87
Deutsche Bank AG               5.80 12/23/2015   EUR    52.01
ECM Real Estate Investment     5.00  10/9/2011   EUR    10.38
Deutsche Bank AG               6.80 11/25/2015   EUR    55.97
Commerzbank AG                11.25 11/26/2015   EUR    72.08
Commerzbank AG                14.25 11/26/2015   EUR    66.90
Commerzbank AG                 9.50 11/26/2015   EUR    55.78
UBS AG/London                 14.00 11/26/2015   CHF    71.38
UBS AG/London                 11.50 11/26/2015   CHF    63.36
UBS AG/London                 10.75 11/26/2015   CHF    63.39
Bank Julius Baer & Co Ltd/     6.50  12/4/2015   EUR    46.95
Landesbank Hessen-Thuering     4.55 12/18/2015   EUR    55.70
Deutsche Bank AG               5.80 12/23/2015   EUR    56.70
Deutsche Bank AG               6.80 12/23/2015   EUR    56.50
Deutsche Bank AG               6.80 12/23/2015   EUR    69.89
Deutsche Bank AG               5.80 11/25/2015   EUR    56.24
Deutsche Bank AG               5.80 11/25/2015   EUR    51.56
Vontobel Financial Product     6.85 12/28/2015   EUR    58.25
Vontobel Financial Product     9.40 11/27/2015   EUR    75.04
EFG International Finance      7.00 11/27/2019   EUR    68.10
Commerzbank AG                 7.50 11/26/2015   EUR    58.70
DZ Bank AG Deutsche Zentra     6.25 11/27/2015   EUR    52.73
DZ Bank AG Deutsche Zentra     7.25 12/28/2015   EUR    59.59
UniCredit Bank AG              3.79 12/19/2016   EUR    54.94
UniCredit Bank AG              4.70 12/24/2015   EUR    57.92
UniCredit Bank AG              4.50 12/24/2015   EUR    59.26
UniCredit Bank AG              4.15 12/24/2015   EUR    61.80
UniCredit Bank AG              4.20 12/24/2015   EUR    61.43
UniCredit Bank AG              4.05 12/24/2015   EUR    62.58
UniCredit Bank AG              4.00 12/24/2015   EUR    62.97
UniCredit Bank AG              4.30 12/24/2015   EUR    50.27
UniCredit Bank AG              4.65 12/24/2015   EUR    58.25
UniCredit Bank AG              4.35 12/24/2015   EUR    60.33
UniCredit Bank AG              4.05 12/24/2015   EUR    54.19
DZ Bank AG Deutsche Zentra     5.00  3/21/2016   EUR    61.28
DZ Bank AG Deutsche Zentra     7.25  3/21/2016   EUR    51.37
DZ Bank AG Deutsche Zentra     7.00  3/21/2016   EUR    51.67
Goldman Sachs & Co Wertpap    17.00  3/23/2016   EUR    67.05
Goldman Sachs & Co Wertpap     8.00  3/23/2016   EUR    54.60
DZ Bank AG Deutsche Zentra     9.25  3/21/2016   EUR    52.09
DZ Bank AG Deutsche Zentra     5.25  3/21/2016   EUR    72.28
DZ Bank AG Deutsche Zentra     7.75 12/21/2015   EUR    49.90
DZ Bank AG Deutsche Zentra     6.00  3/21/2016   EUR    51.39
HSBC Trinkaus & Burkhardt      4.02 11/24/2015   EUR    67.70
UniCredit Bank AG              4.40 12/24/2015   EUR    49.38
UniCredit Bank AG              4.40 12/24/2015   EUR    59.97
UniCredit Bank AG              4.75  1/13/2016   EUR    55.23
Credit Suisse AG/Nassau       11.00  12/3/2015   USD    53.49
Vontobel Financial Product     7.05  3/11/2016   EUR    71.35
Vontobel Financial Product     4.85 12/11/2015   EUR    46.47
DZ Bank AG Deutsche Zentra     5.70 12/21/2015   EUR    73.39
DZ Bank AG Deutsche Zentra     5.50  3/21/2016   EUR    74.37
DZ Bank AG Deutsche Zentra     4.90 12/21/2015   EUR    57.13
Vontobel Financial Product    21.25 12/28/2015   EUR    56.71
Goldman Sachs & Co Wertpap     9.00 11/25/2015   EUR    54.54
Goldman Sachs & Co Wertpap    21.00 11/25/2015   EUR    58.01
Goldman Sachs & Co Wertpap    20.00 11/25/2015   EUR    72.06
Goldman Sachs & Co Wertpap    19.00 12/23/2015   EUR    73.58
Leonteq Securities AG/Guer     8.20 12/15/2015   CHF    57.94
Vontobel Financial Product     4.40 12/28/2015   EUR    54.15
Vontobel Financial Product     7.80 12/28/2015   EUR    58.45
Vontobel Financial Product     8.05 12/28/2015   EUR    70.32
Goldman Sachs & Co Wertpap     9.00 11/25/2015   EUR    54.54
Zurcher Kantonalbank Finan     7.80 12/11/2015   CHF    67.59
Vontobel Financial Product     5.60 12/11/2015   EUR    51.98
Vontobel Financial Product     5.25  3/11/2016   EUR    53.29
Vontobel Financial Product     1.95   4/8/2016   EUR    65.61
Vontobel Financial Product     8.25 12/11/2015   EUR    58.12
Vontobel Financial Product     7.00 12/11/2015   EUR    59.70
Goldman Sachs & Co Wertpap    14.00 11/25/2015   EUR    49.38
Credit Suisse AG/Nassau       12.20   6/3/2016   EUR    57.87
UniCredit Bank AG              4.90 12/24/2015   EUR    73.82
UniCredit Bank AG              4.40 12/24/2015   EUR    67.73
UniCredit Bank AG              4.00 12/24/2015   EUR    60.88
UniCredit Bank AG              4.80 12/24/2015   EUR    75.23
UniCredit Bank AG              5.00 12/24/2015   EUR    50.80
UniCredit Bank AG              4.50 12/24/2015   EUR    55.74
DZ Bank AG Deutsche Zentra     4.00 12/11/2015   EUR    70.95
Bank Julius Baer & Co Ltd/     8.20 11/20/2015   USD    71.70
Bank Julius Baer & Co Ltd/     6.50 11/27/2015   EUR    74.95
UniCredit Bank AG              4.20 12/24/2015   EUR    52.17
UniCredit Bank AG              4.10 12/24/2015   EUR    62.18
UniCredit Bank AG              4.25 12/24/2015   EUR    51.19
UniCredit Bank AG              4.00 12/24/2015   EUR    55.30
UniCredit Bank AG              4.30 12/24/2015   EUR    60.69
UniCredit Bank AG              4.50 12/24/2015   EUR    47.68
UniCredit Bank AG              4.45 12/24/2015   EUR    48.49
UniCredit Bank AG              4.45 12/24/2015   EUR    59.61
UniCredit Bank AG              4.25 12/24/2015   EUR    61.06
Notenstein Privatbank AG       8.50 11/28/2016   CHF    47.03
Notenstein Privatbank AG       8.20  5/27/2016   CHF    42.42
Leonteq Securities AG/Guer     6.00 11/28/2016   CHF    62.23
UniCredit Bank AG              4.10 12/24/2015   EUR    53.17
Credit Suisse AG/Nassau        8.25  5/20/2016   USD    73.63
UniCredit Bank AG              4.60 12/24/2015   EUR    58.59
Goldman Sachs & Co Wertpap     8.00 11/25/2015   EUR    75.04
Notenstein Privatbank AG       7.00  12/5/2016   EUR    61.89
Lehman Brothers Treasury C     4.60  11/9/2011   EUR    13.88
Goldman Sachs Internationa     1.00  12/5/2017   SEK    14.76
Goldman Sachs & Co Wertpap    21.00 12/23/2015   EUR    63.24
Goldman Sachs & Co Wertpap    21.00 11/25/2015   EUR    42.77
HSBC Trinkaus & Burkhardt     14.20 12/28/2015   EUR    74.03
Leonteq Securities AG          5.70  12/3/2015   USD    35.42
Deutsche Bank AG               6.20 11/25/2015   EUR    69.70
Deutsche Bank AG               5.20 11/25/2015   EUR    50.00
Deutsche Bank AG               5.20  3/22/2016   EUR    53.50
Deutsche Bank AG               5.20  3/22/2016   EUR    51.60
Deutsche Bank AG               6.20  3/22/2016   EUR    52.00
Deutsche Bank AG               6.20  3/22/2016   EUR    56.30
Deutsche Bank AG               5.20 11/25/2015   EUR    51.90
Vontobel Financial Product     5.35 12/11/2015   EUR    50.76
Vontobel Financial Product     7.05 12/11/2015   EUR    53.67
Commerzbank AG                 8.50 11/26/2015   EUR    48.65
Deutsche Bank AG               7.20 11/25/2015   EUR    50.10
Deutsche Bank AG               7.20  3/22/2016   EUR    56.70
Deutsche Bank AG               7.20  3/22/2016   EUR    50.60
Deutsche Bank AG               5.20  3/22/2016   EUR    55.60
Deutsche Bank AG               5.20  3/22/2016   EUR    49.90
Deutsche Bank AG               5.20  3/22/2016   EUR    55.90
DZ Bank AG Deutsche Zentra     5.70 12/21/2015   EUR    59.17
DZ Bank AG Deutsche Zentra     5.80  3/21/2016   EUR    59.63
DZ Bank AG Deutsche Zentra     5.75  3/21/2016   EUR    72.46
DZ Bank AG Deutsche Zentra     6.50 12/21/2015   EUR    49.76
Vontobel Financial Product     6.50 12/11/2015   EUR    51.97
DZ Bank AG Deutsche Zentra     8.25 11/27/2015   EUR    74.24
DZ Bank AG Deutsche Zentra    10.25 11/27/2015   EUR    48.87
DZ Bank AG Deutsche Zentra     7.00 11/27/2015   EUR    58.96
DZ Bank AG Deutsche Zentra     5.25  3/29/2016   EUR    58.08
Central European Estates B     7.80 11/10/2015   ILS     5.80
DZ Bank AG Deutsche Zentra     4.50  3/21/2016   EUR    58.19
Vontobel Financial Product     4.95  3/11/2016   EUR    55.09
Vontobel Financial Product    22.85 12/28/2015   EUR    61.87
Barclays Bank PLC             11.50 10/10/2018   SEK    66.23
LBBW                           4.60  6/24/2016   EUR    51.92
LBBW                           4.80  6/24/2016   EUR    52.81
LBBW                           3.40 12/23/2016   EUR    66.20
DekaBank Deutsche Girozent     4.05  5/13/2016   EUR    61.63
DekaBank Deutsche Girozent     3.10 11/13/2015   EUR    50.22
UBS AG                        13.50 12/29/2015   EUR    71.74
UBS AG                        14.00 12/29/2015   EUR    68.76
UBS AG                        11.50 12/29/2015   EUR    44.62
UBS AG                        14.00 12/29/2015   EUR    40.66
Leonteq Securities AG/Guer     3.90   3/1/2016   EUR    45.70
Raiffeisen Centrobank AG       5.00  4/18/2016   EUR    65.03
UBS AG                         7.75 12/29/2015   EUR    61.79
UBS AG                        12.75 12/29/2015   EUR    61.38
UBS AG                        13.50 12/29/2015   EUR    58.69
UBS AG                         5.00 12/29/2015   EUR    67.65
UBS AG                        10.75 12/29/2015   EUR    68.65
UBS AG                         6.75 12/29/2015   EUR    59.13
UBS AG                         6.00 12/29/2015   EUR    70.27
UBS AG                         6.75 12/29/2015   EUR    65.73
UBS AG                        14.75 12/29/2015   EUR    55.66
UBS AG                         8.50 12/29/2015   EUR    58.29
UBS AG                        14.75 12/29/2015   EUR    42.28
UBS AG                        14.00 12/29/2015   EUR    43.96
UBS AG                        11.50 12/29/2015   EUR    65.52
UBS AG                         9.50 12/29/2015   EUR    55.22
UBS AG                        12.25 12/29/2015   EUR    62.12
UBS AG                        10.50 12/29/2015   EUR    52.49
UBS AG                         9.50 12/29/2015   EUR    70.47
UBS AG                        10.00 12/29/2015   EUR    72.12
UBS AG                         4.50 12/29/2015   EUR    71.08
UBS AG                        22.75 12/29/2015   EUR    38.95
UBS AG                        20.50 12/29/2015   EUR    48.74
UBS AG                        10.00 12/29/2015   EUR    65.98
Russian Bank for Small and    10.00  8/19/2016   RUB    81.83
Societe Generale Effekten      4.00  6/26/2017   EUR    50.34
Notenstein Privatbank AG       6.00  5/24/2016   EUR    53.53
LBBW                           4.50  1/22/2016   EUR    64.81
Landesbank Berlin AG           6.00 11/27/2015   EUR    47.67
LBBW                           4.75  7/22/2016   EUR    62.56
LBBW                           3.40 11/25/2016   EUR    73.70
Zurcher Kantonalbank Finan     3.78  1/25/2016   CHF    46.05
Heta Asset Resolution AG       0.20  8/28/2017   EUR    65.50
Europlan AO                    9.78  9/25/2019   RUB    94.13
Heta Asset Resolution AG       0.21  8/21/2017   EUR    65.50
UBS AG                         5.00  6/24/2016   EUR    57.30
UBS AG                        10.25  3/29/2016   EUR    47.10
Commerzbank AG                 5.75  7/21/2016   EUR    74.20
Commerzbank AG                 6.75  7/21/2016   EUR    73.14
Commerzbank AG                 7.75  7/21/2016   EUR    72.16
Commerzbank AG                11.00  7/21/2016   EUR    69.75
Goldman Sachs & Co Wertpap     6.00  4/20/2016   EUR    60.03
Goldman Sachs & Co Wertpap     7.00  5/25/2016   EUR    60.73
Goldman Sachs & Co Wertpap    10.00  5/25/2016   EUR    62.35
Goldman Sachs & Co Wertpap     7.00  8/24/2016   EUR    62.39
Goldman Sachs & Co Wertpap     8.00  8/24/2016   EUR    63.17
Goldman Sachs & Co Wertpap     7.00  9/21/2016   EUR    62.87
Vontobel Financial Product     6.35   9/9/2016   EUR    66.23
Goldman Sachs & Co Wertpap    23.00 12/23/2015   EUR    57.22
Goldman Sachs & Co Wertpap    24.00  4/20/2016   EUR    59.88
Goldman Sachs & Co Wertpap     4.00  6/22/2016   EUR    71.32
Leonteq Securities AG/Guer    10.58   2/3/2017   USD    50.03
Goldman Sachs & Co Wertpap    11.00  9/21/2016   EUR    66.33
Goldman Sachs & Co Wertpap    11.00  9/21/2016   EUR    66.33
Goldman Sachs & Co Wertpap    10.00 12/21/2016   EUR    67.68
Goldman Sachs & Co Wertpap    10.00 12/21/2016   EUR    67.68
Goldman Sachs & Co Wertpap     9.00  6/21/2017   EUR    69.80
UBS AG                         4.00   9/9/2016   EUR    71.17
UBS AG                         6.30   9/9/2016   EUR    69.05
UBS AG                         5.50  12/9/2016   EUR    69.50
UBS AG                         8.00  3/11/2016   EUR    67.55
UBS AG                         7.50  12/9/2016   EUR    68.11
Vontobel Financial Product    11.75   7/8/2016   EUR    63.14
Vontobel Financial Product     3.20  12/9/2016   EUR    69.05
Vontobel Financial Product     2.50  12/9/2016   EUR    70.29
Vontobel Financial Product     3.50   9/9/2016   EUR    68.90
Vontobel Financial Product     8.10  6/10/2016   EUR    78.46
DekaBank Deutsche Girozent     3.45   6/1/2018   EUR    72.43
LBBW                           2.00  2/24/2017   EUR    72.14
LBBW                           3.00  2/24/2017   EUR    70.23
LBBW                           4.00  2/24/2017   EUR    68.87
LBBW                           5.00  2/24/2017   EUR    67.84
Vontobel Financial Product     8.60   9/9/2016   EUR    72.35
Vontobel Financial Product     5.90  6/10/2016   EUR    74.40
Vontobel Financial Product     9.70  6/10/2016   EUR    71.14
Vontobel Financial Product    14.35  6/10/2016   EUR    69.01
Vontobel Financial Product     9.35  3/11/2016   EUR    70.09
Vontobel Financial Product     8.55   9/9/2016   EUR    72.31
Vontobel Financial Product     5.55   9/9/2016   EUR    75.05
UBS AG                         8.50   9/9/2016   EUR    67.33
LBBW                           3.00  6/23/2017   EUR    67.40
UniCredit Bank AG              5.00 12/22/2016   EUR    66.76
UniCredit Bank AG              4.50 12/22/2016   EUR    67.95
UniCredit Bank AG              4.70 12/22/2016   EUR    67.45
UniCredit Bank AG              6.20  9/22/2016   EUR    66.88
UniCredit Bank AG              5.30  9/22/2016   EUR    69.48
UniCredit Bank AG              4.40 12/22/2016   EUR    68.20
UniCredit Bank AG              5.80  9/22/2016   EUR    68.01
DZ Bank AG Deutsche Zentra     8.00  9/19/2016   EUR    67.36
Vontobel Financial Product     5.00  4/11/2016   EUR    52.40
DZ Bank AG Deutsche Zentra     8.00  6/20/2016   EUR    62.65
UniCredit Bank AG              6.90  9/22/2016   EUR    65.09
UniCredit Bank AG              6.60  9/22/2016   EUR    65.82
UniCredit Bank AG              4.70  9/22/2016   EUR    71.36
UniCredit Bank AG              4.20  9/22/2016   EUR    73.02
UniCredit Bank AG              4.10  9/22/2016   EUR    73.36
UniCredit Bank AG              5.50  9/22/2016   EUR    68.89
UniCredit Bank AG              5.10 12/22/2016   EUR    66.52
UniCredit Bank AG              6.80  9/22/2016   EUR    65.34
DZ Bank AG Deutsche Zentra     6.00 12/19/2016   EUR    63.96
LBBW                           3.10  9/28/2018   EUR    66.41
UBS AG                        11.75  6/24/2016   EUR    47.62
UBS AG                         9.00  3/29/2016   EUR    49.88
UBS AG                        20.50  6/24/2016   EUR    56.67
Vontobel Financial Product     7.00  9/23/2016   EUR    63.60
UBS AG                        11.25  6/24/2016   EUR    66.81
UBS AG                         8.25  6/24/2016   EUR    43.68
DZ Bank AG Deutsche Zentra    15.00  3/29/2016   EUR    67.14
DZ Bank AG Deutsche Zentra    12.00  6/24/2016   EUR    70.47
DZ Bank AG Deutsche Zentra     6.25  9/23/2016   EUR    69.93
UniCredit Bank AG             10.00  5/13/2016   EUR    73.97
DZ Bank AG Deutsche Zentra     9.10  6/20/2016   EUR    69.09
UBS AG                         8.25 12/22/2017   EUR    53.55
DZ Bank AG Deutsche Zentra     6.60  9/19/2016   EUR    68.86
DZ Bank AG Deutsche Zentra     4.60 12/19/2016   EUR    71.22
DZ Bank AG Deutsche Zentra     4.80 12/19/2016   EUR    69.79
DZ Bank AG Deutsche Zentra     6.60 12/19/2016   EUR    70.10
DZ Bank AG Deutsche Zentra     5.40  3/21/2016   EUR    70.04
DZ Bank AG Deutsche Zentra     8.10  6/20/2016   EUR    72.10
UBS AG                        13.50  6/24/2016   EUR    73.20
DZ Bank AG Deutsche Zentra     9.75  9/23/2016   EUR    71.09
DZ Bank AG Deutsche Zentra     7.00 12/23/2016   EUR    67.57
Vontobel Financial Product     8.00  9/23/2016   EUR    63.95
UBS AG                         8.25  6/24/2016   EUR    47.96
Credit Suisse AG/Nassau        8.75   9/9/2016   EUR    66.42
DZ Bank AG Deutsche Zentra     5.70  9/19/2016   EUR    69.84
DZ Bank AG Deutsche Zentra     6.70  3/21/2016   EUR    68.62
DZ Bank AG Deutsche Zentra     8.50  3/21/2016   EUR    67.35
UBS AG                         4.50  12/9/2016   EUR    70.31
UBS AG                        10.25 12/23/2016   EUR    75.29
HSBC Trinkaus & Burkhardt      4.40 11/23/2015   EUR    74.05
Credit Suisse AG/Nassau        7.50 11/16/2015   CHF    70.57
UBS AG                         4.25 12/22/2017   EUR    63.96
UBS AG                         4.75 12/22/2017   EUR    65.03
Exane Finance                  1.75  4/28/2016   EUR    25.74
LBBW                           3.10  6/23/2017   EUR    64.84
Goldman Sachs Internationa     0.67  4/24/2020   GBP    72.63
DekaBank Deutsche Girozent     3.00  4/16/2018   EUR    56.21
UBS AG                         7.75  6/24/2016   EUR    42.05
UBS AG                         5.25 12/23/2016   EUR    60.53
UBS AG                         7.25  3/29/2016   EUR    41.02
UBS AG                        16.00 12/23/2016   EUR    47.14
UBS AG                         9.00  6/24/2016   EUR    51.65
UBS AG                        18.75  6/24/2016   EUR    41.43
UBS AG                         8.00  6/24/2016   EUR    53.32
UBS AG                         5.75 12/23/2016   EUR    59.87
UBS AG                         7.25  6/24/2016   EUR    55.37
UBS AG                         5.50  6/24/2016   EUR    60.17
UBS AG                         8.75 12/22/2017   EUR    74.11
UBS AG                         4.00 12/23/2016   EUR    65.35
UBS AG                         4.50 12/23/2016   EUR    63.46
UBS AG                        12.50 12/23/2016   EUR    65.88
HSBC Trinkaus & Burkhardt      8.10  9/23/2016   EUR    68.38
UBS AG                         7.75 12/22/2017   EUR    58.41
UBS AG                        22.50  3/29/2016   EUR    53.16
UBS AG                         4.75 12/22/2017   EUR    67.46
UBS AG                         4.25  3/29/2016   EUR    62.50
UBS AG                         8.00 12/23/2016   EUR    54.98
UBS AG                        10.25 12/22/2017   EUR    56.40
HSBC Trinkaus & Burkhardt     14.60  6/24/2016   EUR    70.40
HSBC Trinkaus & Burkhardt     10.30  9/23/2016   EUR    72.96
HSBC Trinkaus & Burkhardt      8.10  9/23/2016   EUR    74.56
UBS AG                        12.25 12/23/2016   EUR    70.03
UBS AG                        13.00 12/23/2016   EUR    68.66
UBS AG                        11.75 12/22/2017   EUR    74.14
UBS AG                        20.25  3/29/2016   EUR    37.71
UBS AG                         8.00  3/29/2016   EUR    51.82
HSBC Trinkaus & Burkhardt     11.50  6/24/2016   EUR    60.86
HSBC Trinkaus & Burkhardt      7.30  9/23/2016   EUR    62.99
Notenstein Privatbank AG       6.30  8/28/2017   CHF    69.50
DZ Bank AG Deutsche Zentra     8.10  6/20/2016   EUR    70.30
DZ Bank AG Deutsche Zentra     4.80  9/19/2016   EUR    70.79
Vontobel Financial Product     5.65  3/29/2016   EUR    71.44
Vontobel Financial Product    10.30  6/24/2016   EUR    66.80
Vontobel Financial Product    11.65  3/29/2016   EUR    66.76
DZ Bank AG Deutsche Zentra     6.25 12/23/2016   EUR    69.62
UBS AG/London                 11.25  6/24/2016   EUR    69.34
Commerzbank AG                 7.25  8/25/2016   EUR    64.69
Commerzbank AG                 6.50  8/25/2016   EUR    70.18
Commerzbank AG                12.75  8/25/2016   EUR    76.29
Leonteq Securities AG         12.80  12/8/2016   USD    73.71
UBS AG                         6.50 12/29/2015   EUR    42.74
UBS AG                         5.75  3/29/2016   EUR    50.03
UBS AG                         4.50  6/24/2016   EUR    61.70
UBS AG                        14.75  6/24/2016   EUR    61.75
Commerzbank AG                 8.75  7/21/2016   EUR    71.24
Commerzbank AG                 9.75  7/21/2016   EUR    70.39
UBS AG                        13.25  6/24/2016   EUR    60.10
Vontobel Financial Product     5.70  6/24/2016   EUR    70.87
UBS AG                        11.75  6/24/2016   EUR    54.03
LBBW                           2.80  2/24/2017   EUR    69.26
Vontobel Financial Product     5.00  3/16/2017   EUR    68.63
WGZ-Bank AG Westdeutsche G     3.50   2/7/2017   EUR    58.73
Commerzbank AG                 4.00  8/25/2016   EUR    67.18
Commerzbank AG                 4.75  8/25/2016   EUR    66.45
Commerzbank AG                 5.50  8/25/2016   EUR    65.75
Commerzbank AG                 6.25  8/25/2016   EUR    65.10
Commerzbank AG                 8.00  8/25/2016   EUR    64.11
Commerzbank AG                 9.00  8/25/2016   EUR    63.79
Commerzbank AG                 4.75  8/25/2016   EUR    72.15
Commerzbank AG                 5.50  8/25/2016   EUR    71.04
Commerzbank AG                 7.50  8/25/2016   EUR    69.38
Commerzbank AG                 8.50  8/25/2016   EUR    68.64
Commerzbank AG                 9.75  8/25/2016   EUR    68.16
Commerzbank AG                10.75  8/25/2016   EUR    77.88
Leonteq Securities AG         10.00  12/8/2016   EUR    74.61
LBBW                           5.50  3/29/2016   EUR    51.04
LBBW                           4.00  3/29/2016   EUR    56.63
LBBW                           5.00  3/29/2016   EUR    59.98
HSBC Trinkaus & Burkhardt     11.20  6/24/2016   EUR    63.79
HSBC Trinkaus & Burkhardt     10.40 12/23/2016   EUR    65.02
HSBC Trinkaus & Burkhardt      8.30 12/23/2016   EUR    65.65
HSBC Trinkaus & Burkhardt      6.30 12/23/2016   EUR    66.69
HSBC Trinkaus & Burkhardt      7.30  4/22/2016   EUR    64.01
HSBC Trinkaus & Burkhardt      7.00  5/27/2016   EUR    64.66
HSBC Trinkaus & Burkhardt      6.70 10/28/2016   EUR    66.34
DekaBank Deutsche Girozent     3.40  6/24/2016   EUR    46.96
HSBC Trinkaus & Burkhardt     12.60  6/24/2016   EUR    69.43
HSBC Trinkaus & Burkhardt      8.00  9/23/2016   EUR    72.11
DekaBank Deutsche Girozent     3.10   2/5/2018   EUR    58.53
Vontobel Financial Product     5.50   9/9/2016   EUR    66.65
Vontobel Financial Product     6.55   9/9/2016   EUR    65.70
Vontobel Financial Product     7.65   9/9/2016   EUR    64.88
Vontobel Financial Product     3.75  6/10/2016   EUR    68.56
Vontobel Financial Product     3.55   6/9/2017   EUR    67.79
Vontobel Financial Product     4.15   6/9/2017   EUR    67.00
Societe Generale SA            4.00  3/29/2016   EUR    50.46
HSBC Trinkaus & Burkhardt      8.00  6/24/2016   EUR    65.26
HSBC Trinkaus & Burkhardt      7.00  9/23/2016   EUR    65.89
Vontobel Financial Product     4.45   9/9/2016   EUR    67.69
Vontobel Financial Product     4.80   6/9/2017   EUR    66.36
Vontobel Financial Product     5.40   6/9/2017   EUR    65.70
Leonteq Securities AG/Guer     8.04  4/11/2016   CHF    60.60
LBBW                           4.00  3/29/2016   EUR    55.06
LBBW                           3.00  3/29/2016   EUR    66.70
LBBW                           4.00  3/29/2016   EUR    62.94
UniCredit Bank AG              4.30 10/29/2018   EUR    74.88
LBBW                           3.25  6/23/2017   EUR    64.66
Goldman Sachs & Co Wertpap     7.00  7/20/2016   EUR    61.77
Goldman Sachs & Co Wertpap     7.00 12/21/2016   EUR    64.35
UBS AG                         9.50 12/22/2017   EUR    72.75
HSBC Trinkaus & Burkhardt     12.30  6/24/2016   EUR    65.70
UBS AG                        10.25 12/22/2017   EUR    71.64
UBS AG                        11.75 12/22/2017   EUR    70.10
UBS AG                        10.25 12/23/2016   EUR    69.48
UBS AG                         6.00  3/29/2016   EUR    45.49
UBS AG                         6.00  3/29/2016   EUR    56.46
TransFin-M PAO                12.50  8/11/2025   RUB    60.01
Lehman Brothers Treasury C     0.50 12/20/2017   AUD    16.25
Vontobel Financial Product     4.95  9/23/2016   EUR    61.16
Credit Suisse AG/Nassau        7.50 11/23/2015   CHF    71.05
Municipality Finance PLC       0.50  5/31/2022   ZAR    53.02
Glitnir HF                     5.86  7/28/2016   GBP    27.13
Agentstvo po Ipotechnomu Z    11.76  1/15/2029   RUB    60.01
Heta Asset Resolution AG       0.13  8/11/2017   EUR    65.50
Municipality Finance PLC       0.50  4/26/2022   ZAR    53.84
Notenstein Privatbank AG       7.70  3/14/2017   EUR    70.13
Societe Generale Effekten      3.09  6/24/2016   EUR    73.52
Societe Generale Effekten      3.89  9/23/2016   EUR    73.89
Societe Generale Effekten      4.65 12/23/2016   EUR    74.21
UniCredit Bank AG              4.55 10/28/2016   EUR    54.50
Goldman Sachs Internationa     5.00 12/20/2015   EUR     0.96
Vontobel Financial Product     4.65  12/9/2016   EUR    61.45
Vontobel Financial Product     3.95  12/9/2016   EUR    67.94
LBBW                           3.50  2/24/2017   EUR    74.43
LBBW                           4.50  2/24/2017   EUR    74.06
Vontobel Financial Product     5.60   9/9/2016   EUR    75.09
Vontobel Financial Product    12.00   9/9/2016   EUR    70.50
Vontobel Financial Product    15.90  3/11/2016   EUR    67.21
Vontobel Financial Product     4.30  3/11/2016   EUR    74.24
Landesbank Hessen-Thuering     3.20   8/2/2016   EUR    51.30
Vontobel Financial Product    15.00  6/24/2016   EUR    71.82
Vontobel Financial Product    12.00  9/23/2016   EUR    72.74
Goldman Sachs & Co Wertpap     9.00  3/23/2016   EUR    73.05
Goldman Sachs & Co Wertpap    15.00 10/26/2016   EUR    68.52
Goldman Sachs & Co Wertpap    18.00 10/26/2016   EUR    68.64
UBS AG                         9.00   9/9/2016   EUR    66.06
UBS AG                         6.50   9/9/2016   EUR    67.48
UBS AG                         4.80  3/11/2016   EUR    68.75
UBS AG                         6.00  12/9/2016   EUR    68.21
UBS AG                         4.50   9/9/2016   EUR    69.68
Credit Suisse AG/Nassau        9.25  9/26/2016   EUR    64.82
DZ Bank AG Deutsche Zentra    14.25  3/29/2016   EUR    72.75
DZ Bank AG Deutsche Zentra    12.00  3/29/2016   EUR    64.30
DZ Bank AG Deutsche Zentra     7.75  6/24/2016   EUR    70.91
DZ Bank AG Deutsche Zentra     5.75  9/23/2016   EUR    68.58
DZ Bank AG Deutsche Zentra     5.75 12/23/2016   EUR    67.46
BNP Paribas Emissions- und     3.00  2/25/2016   EUR    70.72
BNP Paribas Emissions- und     5.00  2/25/2016   EUR    70.95
BNP Paribas Emissions- und     3.50  2/25/2016   EUR    69.91
BNP Paribas Emissions- und     5.50  2/25/2016   EUR    70.49
BNP Paribas Emissions- und     4.00  2/25/2016   EUR    68.67
BNP Paribas Emissions- und     7.00  2/25/2016   EUR    69.54
BNP Paribas Emissions- und     7.50  2/25/2016   EUR    68.35
BNP Paribas Emissions- und     6.00  2/25/2016   EUR    67.04
BNP Paribas Emissions- und     8.00  2/25/2016   EUR    67.62
BNP Paribas Emissions- und     4.00  2/25/2016   EUR    73.48
BNP Paribas Emissions- und     5.50  2/25/2016   EUR    72.42
BNP Paribas Emissions- und     3.50 11/24/2016   EUR    72.85
BNP Paribas Emissions- und     4.50 11/24/2016   EUR    73.90
BNP Paribas Emissions- und     3.00 11/24/2016   EUR    71.51
BNP Paribas Emissions- und     4.00 11/24/2016   EUR    72.55
BNP Paribas Emissions- und     3.50 11/24/2016   EUR    71.22
BNP Paribas Emissions- und     4.50 11/24/2016   EUR    72.27
BNP Paribas Emissions- und     4.00 11/24/2016   EUR    70.54
BNP Paribas Emissions- und     5.00 11/24/2016   EUR    71.59
BNP Paribas Emissions- und     7.50  2/25/2016   EUR    65.40
BNP Paribas Emissions- und     3.00  8/25/2016   EUR    73.35
BNP Paribas Emissions- und     4.00  8/25/2016   EUR    74.14
BNP Paribas Emissions- und     3.50  8/25/2016   EUR    72.43
BNP Paribas Emissions- und     4.50  8/25/2016   EUR    73.22
BNP Paribas Emissions- und     3.00  8/25/2016   EUR    71.17
BNP Paribas Emissions- und     4.50  8/25/2016   EUR    71.51
BNP Paribas Emissions- und     5.50  8/25/2016   EUR    72.30
BNP Paribas Emissions- und     4.00  8/25/2016   EUR    69.86
BNP Paribas Emissions- und     5.50  8/25/2016   EUR    69.82
BNP Paribas Emissions- und     5.00  8/25/2016   EUR    68.63
BNP Paribas Emissions- und     6.00  8/25/2016   EUR    69.42
BNP Paribas Emissions- und     7.00  8/25/2016   EUR    70.22
BNP Paribas Emissions- und     5.50  8/25/2016   EUR    67.09
BNP Paribas Emissions- und     5.50  8/24/2017   EUR    70.91
BNP Paribas Emissions- und     3.00 11/23/2017   EUR    72.53
BNP Paribas Emissions- und     3.50 11/23/2017   EUR    72.84
BNP Paribas Emissions- und     5.50 11/24/2016   EUR    70.94
BNP Paribas Emissions- und     6.50 11/24/2016   EUR    69.36
BNP Paribas Emissions- und     3.50  2/23/2017   EUR    73.62
BNP Paribas Emissions- und     4.00  2/23/2017   EUR    73.48
BNP Paribas Emissions- und     3.50  2/23/2017   EUR    72.05
BNP Paribas Emissions- und     4.50  2/23/2017   EUR    73.36
BNP Paribas Emissions- und     4.00  2/23/2017   EUR    71.55
BNP Paribas Emissions- und     5.00  2/23/2017   EUR    72.86
BNP Paribas Emissions- und     4.00  8/24/2017   EUR    71.35
BNP Paribas Emissions- und     4.50  8/24/2017   EUR    71.46
BNP Paribas Emissions- und     4.00  8/24/2017   EUR    69.86
BNP Paribas Emissions- und     5.50  2/25/2016   EUR    67.77
BNP Paribas Emissions- und     7.50  8/25/2016   EUR    68.68
BNP Paribas Emissions- und     8.50  8/25/2016   EUR    69.47
BNP Paribas Emissions- und     9.50  2/25/2016   EUR    65.98
BNP Paribas Emissions- und     4.00  8/25/2016   EUR    71.96
BNP Paribas Emissions- und     5.00  8/25/2016   EUR    71.97
BNP Paribas Emissions- und     3.50  8/25/2016   EUR    70.71
BNP Paribas Emissions- und     5.00  8/25/2016   EUR    70.65
BNP Paribas Emissions- und     6.00  8/25/2016   EUR    71.45
BNP Paribas Emissions- und     4.50  8/25/2016   EUR    69.03
BNP Paribas Emissions- und     6.50  8/25/2016   EUR    70.62
BNP Paribas Emissions- und     4.00 11/23/2017   EUR    72.81
BNP Paribas Emissions- und     4.00 11/23/2017   EUR    71.07
BNP Paribas Emissions- und     4.50 11/23/2017   EUR    70.13
BNP Paribas Emissions- und     4.50 11/24/2016   EUR    69.90
BNP Paribas Emissions- und     5.00 11/24/2016   EUR    69.65
BNP Paribas Emissions- und     6.00 11/24/2016   EUR    70.70
BNP Paribas Emissions- und     5.50 11/24/2016   EUR    68.31
BNP Paribas Emissions- und     4.50  2/23/2017   EUR    71.07
BNP Paribas Emissions- und     5.50  2/23/2017   EUR    72.38
BNP Paribas Emissions- und     5.00  2/23/2017   EUR    70.99
BNP Paribas Emissions- und     5.50  2/23/2017   EUR    69.84
BNP Paribas Emissions- und     6.50  2/23/2017   EUR    71.15
BNP Paribas Emissions- und     3.50  8/24/2017   EUR    73.24
BNP Paribas Emissions- und     3.00  8/24/2017   EUR    71.58
BNP Paribas Emissions- und     3.50  8/24/2017   EUR    71.77
Zurcher Kantonalbank Finan     8.02  9/23/2016   EUR    65.62
Vontobel Financial Product     7.75  9/23/2016   EUR    64.75
LBBW                           3.00  3/24/2017   EUR    69.28
Zurcher Kantonalbank Finan    14.50  3/16/2016   EUR    64.26
DekaBank Deutsche Girozent     2.90  8/26/2016   EUR    68.92
DZ Bank AG Deutsche Zentra     8.75  9/19/2016   EUR    65.07
DZ Bank AG Deutsche Zentra    13.75  3/21/2016   EUR    63.42
DZ Bank AG Deutsche Zentra    11.50  6/20/2016   EUR    64.78
HSBC Trinkaus & Burkhardt      8.60  6/24/2016   EUR    69.48
HSBC Trinkaus & Burkhardt      7.50  9/23/2016   EUR    70.24
HSBC Trinkaus & Burkhardt      6.50 12/23/2016   EUR    70.51
HSBC Trinkaus & Burkhardt      7.60  3/24/2017   EUR    69.75
HSBC Trinkaus & Burkhardt      7.00  4/22/2016   EUR    70.15
HSBC Trinkaus & Burkhardt      6.50  5/27/2016   EUR    70.38
HSBC Trinkaus & Burkhardt      7.00  7/22/2016   EUR    70.95
HSBC Trinkaus & Burkhardt      6.10 10/28/2016   EUR    71.38
BNP Paribas Emissions- und    12.00  9/22/2016   EUR    67.23
BNP Paribas Emissions- und     4.00 12/22/2016   EUR    64.23
BNP Paribas Emissions- und     5.00 12/22/2016   EUR    62.26
BNP Paribas Emissions- und     6.00 12/22/2016   EUR    66.66
BNP Paribas Emissions- und     7.00 12/22/2016   EUR    67.77
BNP Paribas Emissions- und     8.00 12/22/2016   EUR    68.88
BNP Paribas Emissions- und    10.00 12/22/2016   EUR    67.83
BNP Paribas Emissions- und     4.00  6/22/2017   EUR    64.43
BNP Paribas Emissions- und     5.00  6/22/2017   EUR    66.25
BNP Paribas Emissions- und    12.00  3/24/2016   EUR    65.31
BNP Paribas Emissions- und    14.00  3/24/2016   EUR    66.03
BNP Paribas Emissions- und    16.00  3/24/2016   EUR    63.21
BNP Paribas Emissions- und     5.00  6/23/2016   EUR    63.38
BNP Paribas Emissions- und     8.00  6/23/2016   EUR    61.76
BNP Paribas Emissions- und    10.00  6/23/2016   EUR    62.98
BNP Paribas Emissions- und    12.00  6/23/2016   EUR    67.67
BNP Paribas Emissions- und     9.00  9/22/2016   EUR    68.02
BNP Paribas Emissions- und     6.00  6/22/2017   EUR    67.86
BNP Paribas Emissions- und     7.00  6/22/2017   EUR    69.47
BNP Paribas Emissions- und     9.00  6/22/2017   EUR    69.64
Leonteq Securities AG/Guer     8.16  4/14/2016   EUR    59.04
Goldman Sachs & Co Wertpap    17.00 12/23/2015   EUR    59.37
Goldman Sachs & Co Wertpap    23.00 12/23/2015   EUR    60.07
Goldman Sachs & Co Wertpap    15.00  3/23/2016   EUR    62.86
Goldman Sachs & Co Wertpap    16.00  3/23/2016   EUR    63.23
Goldman Sachs & Co Wertpap    10.00  4/20/2016   EUR    61.80
Goldman Sachs & Co Wertpap    14.00  4/20/2016   EUR    63.58
Goldman Sachs & Co Wertpap    14.00  4/20/2016   EUR    63.58
Goldman Sachs & Co Wertpap    15.00  5/25/2016   EUR    65.04
Goldman Sachs & Co Wertpap    14.00  6/22/2016   EUR    65.57
Goldman Sachs & Co Wertpap    13.00  7/20/2016   EUR    65.92
Goldman Sachs & Co Wertpap    12.00  8/24/2016   EUR    66.32
Goldman Sachs & Co Wertpap    12.00  8/24/2016   EUR    66.32
Goldman Sachs & Co Wertpap    10.00  9/21/2016   EUR    65.46
Goldman Sachs & Co Wertpap     9.00  3/22/2017   EUR    68.57
Goldman Sachs & Co Wertpap     9.00  3/22/2017   EUR    68.57
Goldman Sachs & Co Wertpap     9.00  6/21/2017   EUR    69.80
Leonteq Securities AG/Guer     7.00  12/4/2015   EUR    50.19
UBS AG/London                 22.50 12/29/2015   EUR    71.30
Raiffeisen Centrobank AG       9.41  1/20/2016   EUR    76.81
Raiffeisen Centrobank AG       8.24  1/20/2016   EUR    74.86
HSBC Trinkaus & Burkhardt      6.00  12/6/2016   EUR    50.07
Raiffeisen Centrobank AG       5.60  6/15/2016   EUR    51.98
UBS AG                        10.50 12/22/2017   EUR    67.17
UBS AG                        12.00 12/23/2016   EUR    75.04
UBS AG                        16.75 12/23/2016   EUR    64.74
UBS AG                         5.25 12/23/2016   EUR    62.29
UBS AG                         6.25  6/24/2016   EUR    57.54
UBS AG                         5.00 12/22/2017   EUR    65.07
UBS AG                         7.00  3/29/2016   EUR    54.00
UBS AG                         7.75 12/22/2017   EUR    59.43
Zurcher Kantonalbank Finan     7.00   8/4/2016   EUR    58.28
UBS AG                        17.00  6/24/2016   EUR    42.83
Vontobel Financial Product    12.70  3/29/2016   EUR    62.24
Vontobel Financial Product     8.80  3/29/2016   EUR    64.27
Vontobel Financial Product    12.00  6/24/2016   EUR    64.44
Notenstein Privatbank AG       7.00   9/7/2016   CHF    63.15
UBS AG                        10.50 12/22/2017   EUR    73.47
UBS AG                         9.50 12/23/2016   EUR    45.72
UBS AG                         5.50  6/24/2016   EUR    58.39
UBS AG                        10.50 12/22/2017   EUR    71.16
UniCredit Bank AG              5.60  9/22/2016   EUR    68.59
UniCredit Bank AG              4.50  9/22/2016   EUR    71.99
UniCredit Bank AG              4.00  9/22/2016   EUR    73.70
UniCredit Bank AG              5.10  9/22/2016   EUR    70.09
UniCredit Bank AG              4.90  9/22/2016   EUR    70.72
UniCredit Bank AG              6.10  9/22/2016   EUR    67.17
UniCredit Bank AG              4.90 12/22/2016   EUR    66.99
UniCredit Bank AG              4.00 12/22/2016   EUR    69.27
UniCredit Bank AG              4.40  9/22/2016   EUR    72.32
UniCredit Bank AG              4.80 12/22/2016   EUR    67.23
UniCredit Bank AG              5.90  9/22/2016   EUR    67.74
UniCredit Bank AG              4.30 12/22/2016   EUR    68.46
UniCredit Bank AG              6.70  9/22/2016   EUR    65.59
UniCredit Bank AG              4.60 12/22/2016   EUR    67.70
Vontobel Financial Product     5.55  3/29/2016   EUR    70.05
DZ Bank AG Deutsche Zentra     4.00  8/26/2016   EUR    65.33
UniCredit Bank AG              6.40  9/22/2016   EUR    66.37
UniCredit Bank AG              5.40  9/22/2016   EUR    69.18
UniCredit Bank AG              4.30  9/22/2016   EUR    72.68
UBS AG                         8.50   9/9/2016   EUR    65.60
BNP Paribas Emissions- und    10.00  9/22/2016   EUR    68.88
BNP Paribas Emissions- und     7.00  3/24/2016   EUR    63.49
BNP Paribas Emissions- und     9.00  3/24/2016   EUR    60.67
BNP Paribas Emissions- und    10.00  3/24/2016   EUR    64.58
BNP Paribas Emissions- und    14.00  6/23/2016   EUR    65.43
BNP Paribas Emissions- und     4.00  9/22/2016   EUR    63.51
BNP Paribas Emissions- und     6.00  9/22/2016   EUR    62.06
BNP Paribas Emissions- und     7.00  9/22/2016   EUR    66.30
BNP Paribas Emissions- und     8.00  9/22/2016   EUR    67.16
UBS AG                         4.00 12/23/2015   EUR    59.00
Bank Julius Baer & Co Ltd/     6.00  11/9/2015   CHF    61.95
DZ Bank AG Deutsche Zentra     6.00 12/28/2015   EUR    49.55
DZ Bank AG Deutsche Zentra     5.50 12/28/2015   EUR    51.62
Baltic Leasing OOO            11.82  6/19/2020   RUB    60.03
Vontobel Financial Product     6.50  9/23/2016   EUR    69.58
Vontobel Financial Product     7.50  6/24/2016   EUR    68.94
DZ Bank AG Deutsche Zentra     9.00  3/29/2016   EUR    63.72
DZ Bank AG Deutsche Zentra    12.00  3/29/2016   EUR    64.86
DZ Bank AG Deutsche Zentra     7.75  3/29/2016   EUR    69.88
Deutsche Bank AG               7.20  3/22/2016   EUR    71.80
Deutsche Bank AG               5.20  3/22/2016   EUR    71.10
Deutsche Bank AG               6.20  3/22/2016   EUR    71.50
Deutsche Bank AG               7.20  3/22/2016   EUR    67.40
Deutsche Bank AG               5.20  3/22/2016   EUR    66.60
Deutsche Bank AG               6.20  3/22/2016   EUR    67.00
Deutsche Bank AG               6.20  6/21/2016   EUR    71.90
Deutsche Bank AG               5.20  6/21/2016   EUR    71.30
Deutsche Bank AG               7.20  6/21/2016   EUR    72.50
Deutsche Bank AG               6.20  6/21/2016   EUR    67.60
Deutsche Bank AG               7.20  6/21/2016   EUR    68.20
Deutsche Bank AG               5.20  6/21/2016   EUR    67.00
Deutsche Bank AG               7.20  6/21/2016   EUR    64.40
Deutsche Bank AG               7.20  9/20/2016   EUR    73.90
Deutsche Bank AG               5.20  9/20/2016   EUR    72.10
Deutsche Bank AG               6.20  9/20/2016   EUR    73.00
Deutsche Bank AG               5.20  9/20/2016   EUR    68.00
Deutsche Bank AG               6.20  9/20/2016   EUR    68.90
Deutsche Bank AG               7.20  9/20/2016   EUR    69.80
Deutsche Bank AG               7.20  9/20/2016   EUR    66.00
Deutsche Bank AG               6.20 12/20/2016   EUR    74.10
Deutsche Bank AG               5.20 12/20/2016   EUR    73.00
Deutsche Bank AG               7.20 12/20/2016   EUR    71.30
Deutsche Bank AG               5.20 12/20/2016   EUR    69.00
Deutsche Bank AG               6.20 12/20/2016   EUR    70.10
Deutsche Bank AG               7.20 12/20/2016   EUR    67.60
Vontobel Financial Product    14.55  3/29/2016   EUR    64.67
Vontobel Financial Product    10.50  3/29/2016   EUR    66.86
Vontobel Financial Product     9.50  9/23/2016   EUR    68.48
Vontobel Financial Product     7.00 12/23/2016   EUR    69.67
Vontobel Financial Product     8.00 12/23/2016   EUR    69.03
Vontobel Financial Product     9.00 12/23/2016   EUR    68.47
Vontobel Financial Product    10.45  3/29/2016   EUR    60.37
Goldman Sachs & Co Wertpap     4.00  7/20/2016   EUR    71.50
UBS AG                        14.50 12/23/2016   EUR    63.09
UBS AG                         5.75 12/22/2017   EUR    63.98
UBS AG                         7.50 12/23/2016   EUR    56.66
UBS AG                         4.25 12/22/2017   EUR    69.54
UBS AG                        18.25  3/29/2016   EUR    39.45
UBS AG                         5.25  3/29/2016   EUR    59.34
UBS AG                         4.75 12/22/2017   EUR    65.34
UBS AG                         7.75 12/23/2016   EUR    74.07
WGZ-Bank AG Westdeutsche G     2.00  9/30/2016   EUR    69.59
WGZ-Bank AG Westdeutsche G     3.00  9/30/2016   EUR    68.45
WGZ-Bank AG Westdeutsche G     4.00  9/30/2016   EUR    67.39
WGZ-Bank AG Westdeutsche G     5.00  9/30/2016   EUR    66.42
WGZ-Bank AG Westdeutsche G     6.00  9/30/2016   EUR    65.54
UBS AG                         4.50 12/23/2016   EUR    64.71
UBS AG                        24.25 12/29/2015   EUR    49.59
Banque Cantonale Vaudoise      4.80  3/10/2017   CHF    39.35
UniCredit Bank AG              6.00  9/22/2016   EUR    67.46
UniCredit Bank AG              4.60  9/22/2016   EUR    71.69
UniCredit Bank AG              5.20  9/22/2016   EUR    69.76
LBBW                           3.50  9/23/2016   EUR    55.22
UniCredit Bank AG              5.00  9/22/2016   EUR    70.38
UniCredit Bank AG              6.30  9/22/2016   EUR    66.63
UniCredit Bank AG              5.70  9/22/2016   EUR    68.30
UniCredit Bank AG              6.50  9/22/2016   EUR    66.11
UniCredit Bank AG              4.80  9/22/2016   EUR    71.04
UniCredit Bank AG              4.20 12/22/2016   EUR    68.75
UniCredit Bank AG              4.10 12/22/2016   EUR    69.01
Vontobel Financial Product    12.65  3/29/2016   EUR    71.82
Vontobel Financial Product    12.00  6/24/2016   EUR    72.91
Vontobel Financial Product    10.00  9/23/2016   EUR    73.86
Vontobel Financial Product     7.75 12/23/2016   EUR    75.79
HSBC Trinkaus & Burkhardt     12.30  6/24/2016   EUR    73.18
HSBC Trinkaus & Burkhardt      9.20  9/23/2016   EUR    75.19
Goldman Sachs & Co Wertpap    10.00  8/24/2016   EUR    68.14
Goldman Sachs & Co Wertpap    10.00 10/26/2016   EUR    69.64
Goldman Sachs & Co Wertpap    10.00 10/26/2016   EUR    69.64
Goldman Sachs & Co Wertpap     8.00  3/22/2017   EUR    70.37
Goldman Sachs & Co Wertpap     8.00  3/22/2017   EUR    70.37
Goldman Sachs & Co Wertpap     8.00  9/20/2017   EUR    72.71
Goldman Sachs & Co Wertpap     8.00  9/20/2017   EUR    72.71
Vontobel Financial Product    10.00  6/24/2016   EUR    68.53
Vontobel Financial Product    11.45  6/24/2016   EUR    67.56
Vontobel Financial Product    13.50  6/24/2016   EUR    67.06
Vontobel Financial Product     8.50  9/23/2016   EUR    69.42
Commerzbank AG                 9.00  8/25/2016   EUR    65.66
Vontobel Financial Product     3.10  11/4/2016   EUR    55.34
Goldman Sachs & Co Wertpap    11.00 10/26/2016   EUR    67.28
Goldman Sachs & Co Wertpap    11.00 10/26/2016   EUR    67.28
Deutsche Bank AG               4.20   7/6/2016   EUR    68.60
Deutsche Bank AG               4.20   7/6/2016   EUR    66.50
Deutsche Bank AG               4.20   7/6/2016   EUR    64.50
Deutsche Bank AG               4.20   7/6/2016   EUR    62.70
Deutsche Bank AG               4.20  8/24/2016   EUR    68.90
Deutsche Bank AG               4.20  8/24/2016   EUR    66.90
Deutsche Bank AG               4.20  8/24/2016   EUR    65.00
Deutsche Bank AG               4.20  8/24/2016   EUR    63.10
Deutsche Bank AG               4.20  3/22/2016   EUR    68.40
Deutsche Bank AG               4.20  3/22/2016   EUR    66.20
Deutsche Bank AG               4.20  3/22/2016   EUR    64.20
Deutsche Bank AG               4.20  6/21/2016   EUR    68.40
Deutsche Bank AG               4.20  6/21/2016   EUR    66.40
Deutsche Bank AG               4.20  6/21/2016   EUR    64.40
Deutsche Bank AG               4.20  9/20/2016   EUR    69.10
Deutsche Bank AG               4.20  9/20/2016   EUR    67.10
Deutsche Bank AG               4.20  9/20/2016   EUR    65.20
Deutsche Bank AG               4.20 12/20/2016   EUR    69.80
Deutsche Bank AG               4.20 12/20/2016   EUR    67.90
Deutsche Bank AG               4.20 12/20/2016   EUR    66.00
Deutsche Bank AG               3.20  7/20/2016   EUR    73.90
Deutsche Bank AG               3.20  8/24/2016   EUR    74.00
Deutsche Bank AG               3.20 10/26/2016   EUR    74.00
LBBW                           3.00  9/23/2016   EUR    74.52
LBBW                           4.00  9/23/2016   EUR    72.69
LBBW                           5.00  9/23/2016   EUR    71.25
Deutsche Bank AG               3.20  6/21/2016   EUR    73.80
Deutsche Bank AG               3.20  9/20/2016   EUR    74.00
Deutsche Bank AG               3.20 12/20/2016   EUR    74.10
Notenstein Privatbank AG       6.40  9/25/2017   EUR    68.09
Deutsche Bank AG               3.20  3/22/2016   EUR    70.30
Deutsche Bank AG               3.20  3/22/2016   EUR    68.00
Deutsche Bank AG               3.20  3/22/2016   EUR    65.90
Deutsche Bank AG               3.20  3/22/2016   EUR    63.80
Deutsche Bank AG               3.20  6/21/2016   EUR    70.00
Deutsche Bank AG               3.20  6/21/2016   EUR    67.80
Deutsche Bank AG               3.20  6/21/2016   EUR    65.70
Deutsche Bank AG               3.20  6/21/2016   EUR    63.80
Deutsche Bank AG               3.20  9/20/2016   EUR    70.40
Deutsche Bank AG               3.20  9/20/2016   EUR    68.30
Deutsche Bank AG               3.20  9/20/2016   EUR    66.30
Deutsche Bank AG               3.20  9/20/2016   EUR    64.30
Deutsche Bank AG               3.20  9/20/2016   EUR    62.50
Deutsche Bank AG               3.20 12/20/2016   EUR    70.70
Deutsche Bank AG               3.20 12/20/2016   EUR    68.70
Deutsche Bank AG               3.20 12/20/2016   EUR    66.80
Deutsche Bank AG               3.20 12/20/2016   EUR    64.90
Deutsche Bank AG               3.20 12/20/2016   EUR    63.10
IS-Broker OOO                 15.00  6/21/2017   RUB    60.00
Heta Asset Resolution AG       0.20  7/28/2017   EUR    65.50
Delta-Finance OOO             10.00 12/18/2015   RUB   100.00
Glitnir HF                    10.00  6/28/2017   USD    27.13
Deutsche Bank AG               3.20   7/6/2016   EUR    70.10
Deutsche Bank AG               3.20   7/6/2016   EUR    67.90
Deutsche Bank AG               3.20   7/6/2016   EUR    65.80
Deutsche Bank AG               3.20   7/6/2016   EUR    63.90
Deutsche Bank AG               3.20  8/24/2016   EUR    70.30
Deutsche Bank AG               3.20  8/24/2016   EUR    68.10
Deutsche Bank AG               3.20  8/24/2016   EUR    66.10
Deutsche Bank AG               3.20  8/24/2016   EUR    64.20
Deutsche Bank AG               3.20 10/26/2016   EUR    70.50
Deutsche Bank AG               3.20 10/26/2016   EUR    68.40
Deutsche Bank AG               3.20 10/26/2016   EUR    66.50
Deutsche Bank AG               3.20 10/26/2016   EUR    64.60
Deutsche Bank AG               3.20 11/22/2017   EUR    71.00
Deutsche Bank AG               3.20 11/22/2017   EUR    69.20
Deutsche Bank AG               3.20 11/22/2017   EUR    67.50
Deutsche Bank AG               3.20 11/22/2017   EUR    65.80
Deutsche Bank AG               4.20 10/26/2016   EUR    69.40
Deutsche Bank AG               4.20 10/26/2016   EUR    67.40
Deutsche Bank AG               4.20 10/26/2016   EUR    65.50
Deutsche Bank AG               4.20 10/26/2016   EUR    63.70
Deutsche Bank AG               4.20 11/22/2017   EUR    71.30
Deutsche Bank AG               4.20 11/22/2017   EUR    69.60
Deutsche Bank AG               4.20 11/22/2017   EUR    67.90
Deutsche Bank AG               4.20 11/22/2017   EUR    66.30
Vontobel Financial Product     9.70 10/28/2016   EUR    65.69
Deutsche Bank AG               4.20  8/24/2016   EUR    74.80
Deutsche Bank AG               4.20 10/26/2016   EUR    75.00
Deutsche Bank AG               4.20 11/22/2017   EUR    74.40
Vontobel Financial Product    11.85   1/6/2016   EUR    59.96
Commerzbank AG                 6.00  6/24/2016   EUR    70.36
Commerzbank AG                 6.00  6/24/2016   EUR    65.60
Heta Asset Resolution AG       4.07  3/21/2017   EUR    65.50
Heta Asset Resolution AG       5.68   7/5/2017   EUR    65.50
Svensk Exportkredit AB         0.50  6/28/2022   ZAR    52.76
Immigon Portfolioabbau AG      0.96   7/3/2019   EUR    57.25
Barclays Bank PLC              1.64   6/3/2041   USD    69.72
Lehman Brothers Treasury C     6.70  4/21/2011   USD     3.05
Lehman Brothers Treasury C    13.00 12/14/2012   USD     3.05
Haltdalen Sparebank            2.41              NOK    52.89
Lehman Brothers Treasury C     5.25 11/21/2009   USD     3.05
Lehman Brothers Treasury C     2.40  6/20/2011   JPY     3.05
Lehman Brothers Treasury C     1.60  6/21/2010   JPY     3.05
Lehman Brothers Treasury C    10.00  6/11/2038   JPY     3.05
Lehman Brothers Treasury C     4.80 11/16/2012   HKD     3.05
Lehman Brothers Treasury C     3.50 12/20/2027   USD     3.05
Lehman Brothers Treasury C     6.25 11/30/2012   EUR     3.05
Immigon Portfolioabbau AG      5.21  2/13/2026   EUR    34.13
Lehman Brothers Treasury C     1.00  2/26/2010   USD     3.05
Lehman Brothers Treasury C     4.70  3/23/2016   EUR     3.05
Lehman Brothers Treasury C     4.70  3/23/2016   EUR     3.05
Lehman Brothers Treasury C     5.12  4/30/2027   EUR     3.05
Lehman Brothers Treasury C     3.63   3/2/2012   EUR     3.05
Lehman Brothers Treasury C     0.75  3/29/2012   EUR     3.05
Municipality Finance PLC       0.25  6/28/2040   CAD    27.89
Eksportfinans ASA              0.25  7/14/2033   CAD    14.50
Lehman Brothers Treasury C     7.00  7/11/2010   EUR     3.05
Lehman Brothers Treasury C     6.00  7/28/2010   EUR     3.05
Lehman Brothers Treasury C     6.00  7/28/2010   EUR     3.05
Lehman Brothers Treasury C     7.50   8/1/2035   EUR     3.05
Lehman Brothers Treasury C     4.90  7/28/2020   EUR     3.05
Lehman Brothers Treasury C     6.00  12/6/2016   USD     3.05
Lehman Brothers Treasury C     6.50  5/16/2015   EUR     3.05
Lehman Brothers Treasury C     3.50  9/29/2017   EUR     3.05
Lehman Brothers Treasury C     3.00   8/8/2017   EUR     3.05
Lehman Brothers Treasury C     6.00   3/4/2015   USD     3.05
Lehman Brothers Treasury C     7.15  3/21/2013   USD     3.05
Lehman Brothers Treasury C     3.50  6/20/2011   EUR     3.05
Lehman Brothers Treasury C     7.50  2/14/2010   AUD     3.05
Lehman Brothers Treasury C     6.45  2/20/2010   AUD     3.05
Lehman Brothers Treasury C     6.60  5/23/2012   AUD     3.05
Lehman Brothers Treasury C     3.45  5/23/2013   USD     3.05
Lehman Brothers Treasury C     5.00  2/15/2018   EUR     3.05
Lehman Brothers Treasury C     9.00   5/6/2011   CHF     3.05
Lehman Brothers Treasury C    16.20  5/14/2009   USD     3.05
Lehman Brothers Treasury C    10.60  4/22/2014   MXN     3.05
Lehman Brothers Treasury C    16.00  11/9/2008   USD     3.05
Lehman Brothers Treasury C    10.00  5/22/2009   USD     3.05
Lehman Brothers Treasury C    17.00   6/2/2009   USD     3.05
Goldman Sachs & Co Wertpap    11.00 12/23/2015   EUR    66.10
Goldman Sachs & Co Wertpap     8.00 12/23/2015   EUR    70.31
Leonteq Securities AG         18.00  9/19/2016   CHF    59.40
Norddeutsche Landesbank Gi     3.75   9/2/2016   EUR    59.44
Goldman Sachs & Co Wertpap    12.00  5/25/2016   EUR    57.49
Goldman Sachs & Co Wertpap    10.00  9/21/2016   EUR    59.65
Goldman Sachs & Co Wertpap     3.00  3/22/2017   EUR    54.89
UniCredit Bank AG              4.25  9/12/2017   EUR    72.42
Credit Suisse AG/Nassau        8.25   7/1/2016   EUR    48.88
LBBW                           3.00  7/26/2019   EUR    60.91
Vontobel Financial Product     7.30  6/24/2016   EUR    75.37
Vontobel Financial Product     5.75 12/28/2015   EUR    51.18
Zurcher Kantonalbank Finan     6.00  8/18/2016   EUR    58.84
Notenstein Privatbank AG       4.00   2/1/2016   EUR    48.48
Vontobel Financial Product     4.05 12/28/2015   EUR    65.82
LBBW                           3.60 12/23/2016   EUR    71.57
LBBW                           3.35  2/24/2017   EUR    66.17
Credit Suisse AG/Nassau        7.50  2/15/2016   EUR    67.45
DZ Bank AG Deutsche Zentra     6.50  9/23/2016   EUR    68.74
Leonteq Securities AG         10.60   7/6/2016   CHF    61.64
Commerzbank AG                12.75  6/23/2016   EUR    72.09
Commerzbank AG                13.25  6/23/2016   EUR    71.81
Commerzbank AG                13.50  6/23/2016   EUR    71.37
Commerzbank AG                10.25  6/23/2016   EUR    73.96
Commerzbank AG                10.75  6/23/2016   EUR    73.67
Commerzbank AG                11.25  6/23/2016   EUR    73.41
Vontobel Financial Product     6.25 12/28/2015   EUR    58.17
DZ Bank AG Deutsche Zentra     6.50 12/28/2015   EUR    68.73
LBBW                           4.70  7/22/2016   EUR    69.89
Vontobel Financial Product     6.70 12/28/2015   EUR    72.68
Leonteq Securities AG/Guer    15.20  12/2/2015   CHF    40.52
UBS AG                         5.00  6/24/2016   EUR    73.58
Leonteq Securities AG/Guer     8.00  12/8/2015   CHF    57.37
Leonteq Securities AG/Guer    20.00  12/8/2015   USD    24.12
Deutsche Bank AG               4.50  3/22/2016   EUR    47.73
Deutsche Bank AG               4.50  9/20/2016   EUR    49.40
Bank Julius Baer & Co Ltd/    10.00  8/12/2016   EUR    61.55
DZ Bank AG Deutsche Zentra     7.50  3/21/2016   EUR    74.95
DZ Bank AG Deutsche Zentra     7.80  6/20/2016   EUR    74.40
Deutsche Bank AG               8.50  3/22/2016   EUR    72.64
Deutsche Bank AG               8.50  6/21/2016   EUR    50.81
Landesbank Hessen-Thuering     5.00 10/24/2016   EUR    52.80
Commerzbank AG                 5.50  6/23/2016   EUR    74.95
Commerzbank AG                 6.50  6/23/2016   EUR    61.28
Vontobel Financial Product     5.85  3/29/2016   EUR    49.68
Deutsche Bank AG               7.20 12/22/2015   EUR    61.70
Deutsche Bank AG               5.20 12/22/2015   EUR    61.40
Leonteq Securities AG/Guer     8.64   9/8/2016   CHF    59.63
Goldman Sachs & Co Wertpap    18.00 12/23/2015   EUR    69.17
Goldman Sachs & Co Wertpap    23.00 12/23/2015   EUR    66.58
Goldman Sachs & Co Wertpap    12.00  1/20/2016   EUR    72.77
Goldman Sachs & Co Wertpap    16.00  1/20/2016   EUR    70.12
Goldman Sachs & Co Wertpap    25.00  1/20/2016   EUR    65.85
Goldman Sachs & Co Wertpap    15.00  2/24/2016   EUR    71.20
Goldman Sachs & Co Wertpap    18.00  2/24/2016   EUR    69.00
Goldman Sachs & Co Wertpap    22.00  2/24/2016   EUR    67.33
Goldman Sachs & Co Wertpap    20.00  3/23/2016   EUR    68.21
Goldman Sachs & Co Wertpap    24.00  3/23/2016   EUR    67.10
Goldman Sachs & Co Wertpap    20.00  5/25/2016   EUR    69.82
Goldman Sachs & Co Wertpap    18.00  6/22/2016   EUR    70.18
Goldman Sachs & Co Wertpap    21.00  6/22/2016   EUR    69.51
Goldman Sachs & Co Wertpap    15.00  7/20/2016   EUR    72.11
Goldman Sachs & Co Wertpap    15.00  9/21/2016   EUR    72.07
Goldman Sachs & Co Wertpap    17.00  9/21/2016   EUR    71.38
Goldman Sachs & Co Wertpap    15.00 12/21/2016   EUR    73.24
Deutsche Bank AG               4.20 12/22/2015   EUR    65.40
Goldman Sachs & Co Wertpap    13.00  3/22/2017   EUR    74.09
Deutsche Bank AG               5.20 12/22/2015   EUR    65.50
DZ Bank AG Deutsche Zentra     5.50 12/28/2015   EUR    67.63
Bank Julius Baer & Co Ltd/     7.00  9/12/2016   CHF    49.15
Goldman Sachs & Co Wertpap     9.00  4/20/2016   EUR    53.23
Goldman Sachs & Co Wertpap    20.00  4/20/2016   EUR    49.72
Goldman Sachs & Co Wertpap     4.00  6/22/2016   EUR    59.67
Goldman Sachs & Co Wertpap     3.00  9/21/2016   EUR    63.17
Goldman Sachs & Co Wertpap     4.00 12/21/2016   EUR    61.52
Goldman Sachs & Co Wertpap     3.00  3/22/2017   EUR    64.25
Goldman Sachs & Co Wertpap     7.00  3/22/2017   EUR    58.46
HSBC Trinkaus & Burkhardt      5.10 12/28/2015   EUR    48.64
Commerzbank AG                 9.25  6/23/2016   EUR    57.39
Commerzbank AG                 9.75  6/23/2016   EUR    57.20
Commerzbank AG                10.25  6/23/2016   EUR    57.01
Commerzbank AG                10.50  6/23/2016   EUR    62.31
Commerzbank AG                11.00  6/23/2016   EUR    62.07
Commerzbank AG                11.50  6/23/2016   EUR    61.84
DZ Bank AG Deutsche Zentra     6.50 12/28/2015   EUR    49.61
DZ Bank AG Deutsche Zentra     5.00 12/11/2015   EUR    58.93
DZ Bank AG Deutsche Zentra     4.90 12/11/2015   EUR    60.13
DZ Bank AG Deutsche Zentra     5.40 12/11/2015   EUR    59.19
Commerzbank AG                 7.50  6/23/2016   EUR    74.23
Commerzbank AG                 5.00  6/23/2016   EUR    55.33
Commerzbank AG                 5.75  6/23/2016   EUR    53.81
Commerzbank AG                 6.75  6/23/2016   EUR    51.82
Commerzbank AG                 7.25  6/23/2016   EUR    50.90
Commerzbank AG                 8.00  6/23/2016   EUR    50.22
Commerzbank AG                 6.00  6/23/2016   EUR    63.22
DZ Bank AG Deutsche Zentra     5.75 12/28/2015   EUR    59.28
Credit Suisse AG/Nassau        8.50  2/29/2016   USD    57.57
Deutsche Bank AG               6.50  3/22/2016   EUR    48.48
HSBC Trinkaus & Burkhardt      6.50 12/28/2015   EUR    48.80
Deutsche Bank AG               4.50  6/21/2016   EUR    75.25
UBS AG/London                 10.00  3/29/2016   EUR    63.05
Vontobel Financial Product     8.50  7/22/2016   EUR    51.58
BNP Paribas Emissions- und     3.50 12/24/2015   EUR    58.80
BNP Paribas Emissions- und     4.50 12/24/2015   EUR    54.25
Notenstein Privatbank AG       5.12  2/29/2016   EUR    72.92
Notenstein Privatbank AG       5.04  8/28/2017   CHF    54.21
HSBC Trinkaus & Burkhardt      6.30 12/28/2015   EUR    72.61
HSBC Trinkaus & Burkhardt      6.10 12/28/2015   EUR    65.37
HSBC Trinkaus & Burkhardt      7.00 12/28/2015   EUR    64.56
Notenstein Privatbank AG      10.00   9/5/2016   CHF    43.93
Notenstein Privatbank AG       7.00   9/5/2016   EUR    62.69
HSBC Trinkaus & Burkhardt      5.10 12/28/2015   EUR    72.45
HSBC Trinkaus & Burkhardt      7.00 12/28/2015   EUR    65.49
Leonteq Securities AG          9.40  8/17/2016   EUR    61.56
HSBC Trinkaus & Burkhardt      5.90 12/28/2015   EUR    64.41
Goldman Sachs & Co Wertpap     7.00  3/23/2016   EUR    48.93
Goldman Sachs & Co Wertpap     5.00  3/23/2016   EUR    70.84
Goldman Sachs & Co Wertpap     6.00  3/23/2016   EUR    71.21
Goldman Sachs & Co Wertpap     7.00  3/23/2016   EUR    71.57
Goldman Sachs & Co Wertpap     6.00  3/23/2016   EUR    46.86
Goldman Sachs & Co Wertpap     7.00  3/23/2016   EUR    47.23
Goldman Sachs & Co Wertpap     7.00  3/23/2016   EUR    47.23
Goldman Sachs & Co Wertpap     8.00  3/23/2016   EUR    47.59
Goldman Sachs & Co Wertpap     5.00  3/23/2016   EUR    59.20
Goldman Sachs & Co Wertpap     6.00  3/23/2016   EUR    59.57
Vontobel Financial Product     6.15 12/28/2015   EUR    70.07
Vontobel Financial Product     8.10 12/28/2015   EUR    42.91
Deutsche Bank AG               5.00  7/15/2016   EUR    55.50
HSBC Trinkaus & Burkhardt      9.70  6/24/2016   EUR    70.78
Commerzbank AG                 9.25  6/23/2016   EUR    68.92
Commerzbank AG                 4.50  6/23/2016   EUR    73.51
Commerzbank AG                 5.00  6/23/2016   EUR    72.50
Commerzbank AG                 4.50  6/23/2016   EUR    51.91
Commerzbank AG                 6.00  6/23/2016   EUR    58.19
Commerzbank AG                 6.75  6/23/2016   EUR    57.19
Commerzbank AG                 7.75  6/23/2016   EUR    56.42
Commerzbank AG                 8.75  6/23/2016   EUR    55.73
UBS AG/London                 19.50 12/29/2015   EUR    76.02
UBS AG/London                  5.75  3/29/2016   EUR    67.72
UBS AG/London                 24.75 12/29/2015   EUR    74.33
Bank Julius Baer & Co Ltd/     8.20  8/29/2016   CHF    72.10
BNP Paribas Emissions- und     7.25 12/24/2015   EUR    72.99
BNP Paribas Emissions- und     8.50 12/24/2015   EUR    69.24
DZ Bank AG Deutsche Zentra     8.00 12/28/2015   EUR    46.59
UBS AG/London                 24.50  3/29/2016   EUR    50.58
Deutsche Bank AG               5.20  7/20/2016   EUR    74.40
Deutsche Bank AG               7.20  7/20/2016   EUR    72.70
Deutsche Bank AG               5.20  8/24/2016   EUR    74.70
Deutsche Bank AG               7.20  8/24/2016   EUR    73.20
Deutsche Bank AG               5.20 10/26/2016   EUR    75.10
Deutsche Bank AG               7.20 10/26/2016   EUR    74.00
Deutsche Bank AG               5.20 10/26/2016   EUR    72.10
Deutsche Bank AG               5.20 11/23/2016   EUR    75.20
Deutsche Bank AG               7.20 11/23/2016   EUR    74.40
Deutsche Bank AG               5.20   7/6/2016   EUR    63.90
Deutsche Bank AG               7.20   7/6/2016   EUR    65.30
Deutsche Bank AG               5.20   7/6/2016   EUR    60.40
Deutsche Bank AG               7.20   7/6/2016   EUR    61.80
Deutsche Bank AG               7.20   7/6/2016   EUR    58.70
Deutsche Bank AG               7.20  8/24/2016   EUR    66.10
Deutsche Bank AG               7.20  8/24/2016   EUR    62.70
Deutsche Bank AG               5.20  8/24/2016   EUR    58.00
Deutsche Bank AG               7.20 10/26/2016   EUR    67.20
Deutsche Bank AG               5.20 10/26/2016   EUR    65.30
Deutsche Bank AG               5.20 10/26/2016   EUR    61.90
Deutsche Bank AG               7.20 10/26/2016   EUR    63.90
Deutsche Bank AG               5.20 10/26/2016   EUR    58.90
Deutsche Bank AG               7.20 10/26/2016   EUR    60.90
Deutsche Bank AG               5.20 11/23/2016   EUR    65.60
Deutsche Bank AG               7.20 11/23/2016   EUR    67.70
Deutsche Bank AG               5.20 11/23/2016   EUR    62.20
Deutsche Bank AG               7.20 11/23/2016   EUR    64.40
Deutsche Bank AG               5.20 11/23/2016   EUR    59.20
UniCredit Bank AG              5.00  6/23/2016   EUR    73.55
UniCredit Bank AG              4.70  6/23/2016   EUR    54.03
UniCredit Bank AG              4.50  6/23/2016   EUR    55.00
DZ Bank AG Deutsche Zentra     5.40 12/21/2015   EUR    60.11
DZ Bank AG Deutsche Zentra     6.60 12/21/2015   EUR    59.27
DZ Bank AG Deutsche Zentra     9.10 12/21/2015   EUR    57.60
DZ Bank AG Deutsche Zentra     5.20  3/21/2016   EUR    61.35
DZ Bank AG Deutsche Zentra     6.10  3/21/2016   EUR    60.70
DZ Bank AG Deutsche Zentra     8.30  3/21/2016   EUR    59.56
UniCredit Bank AG              4.05  6/23/2016   EUR    57.32
UniCredit Bank AG              4.35  6/23/2016   EUR    55.73
DZ Bank AG Deutsche Zentra     7.00 12/21/2015   EUR
UniCredit Bank AG              4.20  6/23/2016   EUR    56.51
UniCredit Bank AG              4.80  6/23/2016   EUR    53.56
DZ Bank AG Deutsche Zentra     6.50  6/20/2016   EUR    52.22
DZ Bank AG Deutsche Zentra     6.00  9/19/2016   EUR    53.36
UniCredit Bank AG              5.50  6/23/2016   EUR    72.25
UniCredit Bank AG              4.30  6/23/2016   EUR    56.00
UniCredit Bank AG              4.15  6/23/2016   EUR    56.79
UniCredit Bank AG              4.10  6/23/2016   EUR    57.06
UniCredit Bank AG              4.50  6/23/2016   EUR    74.90
UniCredit Bank AG              4.90  6/23/2016   EUR    53.11
UniCredit Bank AG              4.25  6/23/2016   EUR    56.27
Commerzbank AG                 5.25  6/23/2016   EUR    68.86
Commerzbank AG                 7.00  6/23/2016   EUR    66.79
Commerzbank AG                 9.00  6/23/2016   EUR    65.09
Commerzbank AG                11.00  6/23/2016   EUR    63.53
Deutsche Bank AG               5.20  3/21/2017   EUR    73.30
Deutsche Bank AG               4.20 10/26/2016   EUR    52.10
Deutsche Bank AG               4.20  9/20/2016   EUR    51.70
Deutsche Bank AG               4.20 12/20/2016   EUR    52.70
Deutsche Bank AG               4.20  9/20/2016   EUR    73.50
Deutsche Bank AG               4.20 12/20/2016   EUR    73.70
Deutsche Bank AG               8.20 11/23/2016   EUR    52.30
Deutsche Bank AG               5.20  6/21/2016   EUR    74.20
Deutsche Bank AG               6.20  6/21/2016   EUR    74.80
Deutsche Bank AG               5.20 12/20/2016   EUR    75.40
Deutsche Bank AG               7.20  3/21/2017   EUR    69.80
Deutsche Bank AG               7.20  3/21/2017   EUR    66.60
Deutsche Bank AG               7.20  3/21/2017   EUR    63.60
Commerzbank AG                 9.50  1/21/2016   EUR    68.82
DZ Bank AG Deutsche Zentra     8.60  3/21/2016   EUR    74.78
DZ Bank AG Deutsche Zentra     8.80  6/20/2016   EUR    73.03
Commerzbank AG                 5.50  6/23/2016   EUR    47.02
DZ Bank AG Deutsche Zentra     3.00 12/28/2015   EUR    50.27
Deutsche Bank AG               4.20  9/20/2016   EUR    64.00
Deutsche Bank AG               4.20  9/20/2016   EUR    60.60
Deutsche Bank AG               5.20  9/20/2016   EUR    61.50
Deutsche Bank AG               6.20  9/20/2016   EUR    62.30
Deutsche Bank AG               5.20  9/20/2016   EUR    58.40
Deutsche Bank AG               4.20  9/20/2016   EUR    57.50
Deutsche Bank AG               6.20  9/20/2016   EUR    59.30
Deutsche Bank AG               6.20 12/20/2016   EUR    67.10
Deutsche Bank AG               4.20 12/20/2016   EUR    64.80
Deutsche Bank AG               5.20 12/20/2016   EUR    62.60
Deutsche Bank AG               3.20 12/20/2016   EUR    75.60
Deutsche Bank AG               3.20 10/26/2016   EUR    53.60
Deutsche Bank AG               3.20  6/21/2016   EUR    55.30
Deutsche Bank AG               3.20  9/20/2016   EUR    56.10
Deutsche Bank AG               3.20 12/20/2016   EUR    72.60
Deutsche Bank AG               3.20 10/26/2016   EUR    56.40
Deutsche Bank AG               4.20  3/22/2016   EUR    75.40
Deutsche Bank AG               3.20 11/23/2016   EUR    75.70
Deutsche Bank AG               4.20  3/22/2016   EUR    72.00
Deutsche Bank AG               3.20 12/20/2016   EUR    56.80
Deutsche Bank AG               3.20  9/20/2016   EUR    72.60
Deutsche Bank AG               3.20 10/26/2016   EUR    75.70
Deutsche Bank AG               3.20 12/20/2016   EUR    51.30
Deutsche Bank AG               3.20  7/20/2016   EUR    72.40
Deutsche Bank AG               3.20  7/20/2016   EUR    55.60
Deutsche Bank AG               3.20 11/23/2016   EUR    72.60
Deutsche Bank AG               3.20  7/20/2016   EUR    52.80
Deutsche Bank AG               3.20 11/23/2016   EUR    56.60
Deutsche Bank AG               8.20 10/26/2016   EUR    51.70
Deutsche Bank AG               5.20 11/23/2016   EUR    72.20
Societe Generale Effekten      5.21   8/8/2016   EUR    58.35
Deutsche Bank AG               5.20   7/6/2016   EUR    57.30
Deutsche Bank AG               5.20  8/24/2016   EUR    64.50
Deutsche Bank AG               5.20  8/24/2016   EUR    61.10
Deutsche Bank AG               7.20  8/24/2016   EUR    59.70
Deutsche Bank AG               7.20 11/23/2016   EUR    61.40
UniCredit Bank AG              4.65  6/23/2016   EUR    54.26
UniCredit Bank AG              4.00  6/23/2016   EUR    57.62
UniCredit Bank AG              4.85  6/23/2016   EUR    53.33
UniCredit Bank AG              4.45  6/23/2016   EUR    55.25
UniCredit Bank AG              4.00  6/23/2016   EUR    78.26
DZ Bank AG Deutsche Zentra     6.70  6/20/2016   EUR    62.95
DZ Bank AG Deutsche Zentra     5.10  9/19/2016   EUR    63.04
DZ Bank AG Deutsche Zentra     6.75  9/19/2016   EUR    54.00
Notenstein Privatbank AG       6.34  8/19/2016   CHF    58.44
UniCredit Bank AG              4.55  6/23/2016   EUR    54.75
UniCredit Bank AG              4.75  6/23/2016   EUR    53.79
UniCredit Bank AG              4.40  6/23/2016   EUR    55.49
UniCredit Bank AG              4.60  6/23/2016   EUR    54.51
DZ Bank AG Deutsche Zentra     4.90 12/11/2015   EUR    71.34
DZ Bank AG Deutsche Zentra     6.80  3/21/2016   EUR    71.08
DZ Bank AG Deutsche Zentra     5.90  6/20/2016   EUR    71.79
DZ Bank AG Deutsche Zentra     7.10  6/20/2016   EUR    70.58
DZ Bank AG Deutsche Zentra     5.40  9/19/2016   EUR    72.31
DZ Bank AG Deutsche Zentra     6.30  9/19/2016   EUR    71.22
DZ Bank AG Deutsche Zentra     7.30  9/19/2016   EUR    70.27
DZ Bank AG Deutsche Zentra     4.70 12/21/2015   EUR    74.37
DZ Bank AG Deutsche Zentra     6.20 12/21/2015   EUR    72.16
DZ Bank AG Deutsche Zentra     7.90  3/21/2016   EUR    48.68
DZ Bank AG Deutsche Zentra     7.10  6/20/2016   EUR    49.76
DZ Bank AG Deutsche Zentra     6.00  3/21/2016   EUR    67.43
DZ Bank AG Deutsche Zentra     7.00  6/20/2016   EUR    67.33
HSBC Trinkaus & Burkhardt     10.40  3/25/2016   EUR    70.44
HSBC Trinkaus & Burkhardt      6.40  3/25/2016   EUR    73.90
HSBC Trinkaus & Burkhardt      7.40  6/24/2016   EUR    74.09
HSBC Trinkaus & Burkhardt     11.30  9/23/2016   EUR    71.44
Deutsche Bank AG               4.20 11/23/2016   EUR    54.90
Deutsche Bank AG               8.20  9/20/2016   EUR    50.80
Deutsche Bank AG               4.20 10/26/2016   EUR    54.60
Deutsche Bank AG               4.20 11/23/2016   EUR    73.60
Deutsche Bank AG               5.20  9/20/2016   EUR    74.90
Deutsche Bank AG               5.20  3/21/2017   EUR    67.00
Deutsche Bank AG               5.20  3/21/2017   EUR    63.80
Deutsche Bank AG               5.20  3/21/2017   EUR    60.90
Deutsche Bank AG               3.18   7/6/2016   EUR    58.50
Commerzbank AG                12.00  2/25/2016   EUR    68.98
Commerzbank AG                10.50  6/23/2016   EUR    70.16
Commerzbank AG                 9.50  6/23/2016   EUR    52.97
Commerzbank AG                 9.00  6/23/2016   EUR    69.89
DZ Bank AG Deutsche Zentra     8.00  6/20/2016   EUR    74.70
DZ Bank AG Deutsche Zentra     6.20  9/19/2016   EUR    74.59
DZ Bank AG Deutsche Zentra     6.70  9/19/2016   EUR    72.96
DZ Bank AG Deutsche Zentra     8.90 12/21/2015   EUR    48.79
DZ Bank AG Deutsche Zentra     7.90  3/21/2016   EUR    50.64
DZ Bank AG Deutsche Zentra     5.30  6/20/2016   EUR    53.49
DZ Bank AG Deutsche Zentra     6.70  6/20/2016   EUR    52.42
DZ Bank AG Deutsche Zentra     7.40  6/20/2016   EUR    51.88
UBS AG                         8.50   7/8/2016   EUR    73.18
UBS AG                         6.30  1/15/2016   EUR    75.42
UBS AG                         5.50  1/15/2016   EUR    49.80
Deutsche Bank AG               3.20  9/20/2016   EUR    50.80
Deutsche Bank AG               4.20  6/21/2016   EUR    59.60
Deutsche Bank AG               6.20  9/20/2016   EUR    65.70
Deutsche Bank AG               5.20  9/20/2016   EUR    64.80
Deutsche Bank AG               3.20 11/23/2016   EUR    53.90
Deutsche Bank AG               3.20 10/26/2016   EUR    51.10
Deutsche Bank AG               3.20  9/20/2016   EUR    53.30
Deutsche Bank AG               5.20 12/20/2016   EUR    66.00
Deutsche Bank AG               3.20 12/20/2016   EUR    54.10
Deutsche Bank AG               6.20 12/20/2016   EUR    63.80
Deutsche Bank AG               4.20 12/20/2016   EUR    61.50
Deutsche Bank AG               5.20 12/20/2016   EUR    59.60
Deutsche Bank AG               6.20 12/20/2016   EUR    60.80
Deutsche Bank AG               4.20 12/20/2016   EUR    58.50
Deutsche Bank AG               3.20  8/24/2016   EUR    53.10
Deutsche Bank AG               6.20  3/22/2016   EUR    72.70
Deutsche Bank AG               5.20  3/22/2016   EUR    72.40
Deutsche Bank AG               4.20  3/22/2016   EUR    59.30
Deutsche Bank AG               3.20  7/20/2016   EUR    50.30
Deutsche Bank AG               3.20 11/23/2016   EUR    51.40
Deutsche Bank AG               3.20  8/24/2016   EUR    55.90
Deutsche Bank AG               3.20 10/26/2016   EUR    72.60
Deutsche Bank AG               3.20  8/24/2016   EUR    72.50
Deutsche Bank AG               3.20  8/24/2016   EUR    50.60
Deutsche Bank AG               3.20  6/21/2016   EUR    72.40
Goldman Sachs & Co Wertpap    23.00 12/23/2015   EUR    73.24
Goldman Sachs & Co Wertpap    22.00  6/22/2016   EUR    75.24
Deutsche Bank AG               7.50  6/21/2016   EUR    52.46
Deutsche Bank AG               5.50  6/21/2016   EUR    51.21
Deutsche Bank AG               7.50  9/20/2016   EUR    54.28
Deutsche Bank AG               5.50  9/20/2016   EUR    52.53
Deutsche Bank AG               7.50  9/20/2016   EUR    54.28
LBBW                           4.20  7/22/2016   EUR    72.96
Deutsche Bank AG               7.50  9/20/2016   EUR    54.28
Deutsche Bank AG               5.50  9/20/2016   EUR    52.53
Deutsche Bank AG               7.50 12/20/2016   EUR    56.11
Deutsche Bank AG               5.50 12/20/2016   EUR    53.86
Barclays Bank PLC              4.17   1/5/2017   EUR    29.51
Barclays Bank PLC              4.17   1/5/2017   EUR    42.32
Vontobel Financial Product     5.00 12/23/2016   EUR    62.36
LBBW                           3.25  6/23/2017   EUR    64.56
Deutsche Bank AG               7.50  3/22/2016   EUR    51.17
Deutsche Bank AG               5.50  3/22/2016   EUR    50.42
Deutsche Bank AG               5.50  3/22/2016   EUR    50.42
Deutsche Bank AG               7.50  3/22/2016   EUR    51.18
Deutsche Bank AG               5.50  6/21/2016   EUR    51.21
Deutsche Bank AG               7.50  6/21/2016   EUR    52.46
LBBW                           4.00  7/22/2016   EUR    50.93
Deutsche Bank AG               7.50 12/20/2016   EUR    56.11
Deutsche Bank AG               5.50 12/20/2016   EUR    53.86
Bank Julius Baer & Co Ltd/     9.00   8/2/2016   EUR    54.80
Bank Julius Baer & Co Ltd/     7.30  1/19/2016   CHF    53.90
Bank Julius Baer & Co Ltd/     7.50  1/19/2016   USD    53.80
LBBW                           4.00  7/22/2016   EUR    71.53
Goldman Sachs & Co Wertpap    21.00  3/23/2016   EUR    74.38
Goldman Sachs & Co Wertpap     6.00  6/21/2017   EUR    68.86
Vontobel Financial Product     6.30  8/26/2016   EUR    52.63
Goldman Sachs & Co Wertpap    11.00  9/21/2016   EUR    73.28
Goldman Sachs & Co Wertpap    16.00 12/23/2015   EUR    50.64
Goldman Sachs & Co Wertpap     5.00  4/20/2016   EUR    51.02
Goldman Sachs & Co Wertpap     6.00  5/25/2016   EUR    51.71
Goldman Sachs & Co Wertpap     6.00  9/21/2016   EUR    53.68
Leonteq Securities AG          9.40 10/24/2016   EUR    52.29
Credit Suisse AG/London        2.75  1/29/2019   SEK    51.80
Vontobel Financial Product     8.55 12/11/2015   EUR    47.13
Vontobel Financial Product    18.25 12/11/2015   EUR    43.92
Vontobel Financial Product     2.05 12/12/2016   EUR    57.42
Vontobel Financial Product     3.70   9/9/2016   EUR    54.09
Vontobel Financial Product     3.75 12/18/2015   EUR    63.37
Vontobel Financial Product     3.65  6/10/2016   EUR    67.47
Vontobel Financial Product     3.85   9/9/2016   EUR    67.66
Vontobel Financial Product     5.35   9/9/2016   EUR    65.47
Vontobel Financial Product     6.95   9/9/2016   EUR    63.62
Vontobel Financial Product     5.70   9/9/2016   EUR    75.08
Vontobel Financial Product     5.10   9/9/2016   EUR    58.33
Vontobel Financial Product     9.05  6/17/2016   EUR    54.86
Vontobel Financial Product     7.95  6/10/2016   EUR    55.29
Leonteq Securities AG         10.00  7/13/2016   EUR    56.65
UBS AG/London                  7.50   7/3/2017   EUR    53.46
Vontobel Financial Product     7.90  3/11/2016   EUR    54.22
Vontobel Financial Product     4.35   9/9/2016   EUR    73.16
Vontobel Financial Product     4.60  6/10/2016   EUR    72.63
Vontobel Financial Product     5.10  12/2/2016   EUR    56.30
Landesbank Hessen-Thuering     3.00 10/31/2016   EUR    62.60
DZ Bank AG Deutsche Zentra     7.25  3/29/2016   EUR    59.05
DZ Bank AG Deutsche Zentra     6.50 12/11/2015   EUR    70.37
HSBC Trinkaus & Burkhardt      6.00 12/28/2015   EUR    30.54
HSBC Trinkaus & Burkhardt      6.40 12/28/2015   EUR    72.74
HSBC Trinkaus & Burkhardt      6.00 12/28/2015   EUR    44.51
HSBC Trinkaus & Burkhardt      7.40 12/28/2015   EUR    47.26
HSBC Trinkaus & Burkhardt      6.00 12/28/2015   EUR    26.19
HSBC Trinkaus & Burkhardt      6.00 12/28/2015   EUR    55.04
Leonteq Securities AG/Guer     5.99  9/11/2017   EUR    54.72
Vontobel Financial Product     9.10 12/11/2015   EUR    67.67
Vontobel Financial Product     5.65  3/11/2016   EUR    70.66
Vontobel Financial Product     7.00 12/11/2015   EUR    46.76
Goldman Sachs & Co Wertpap     3.00 12/23/2015   EUR    70.82
Goldman Sachs & Co Wertpap    13.00 12/23/2015   EUR    72.00
Goldman Sachs & Co Wertpap     3.00  2/24/2016   EUR    70.83
Goldman Sachs & Co Wertpap    11.00  2/24/2016   EUR    73.15
Goldman Sachs & Co Wertpap    11.00  3/23/2016   EUR    73.67
Goldman Sachs & Co Wertpap     5.00  4/20/2016   EUR    71.70
Goldman Sachs & Co Wertpap    10.00  4/20/2016   EUR    73.92
Goldman Sachs & Co Wertpap    10.00  4/20/2016   EUR    73.92
Goldman Sachs & Co Wertpap     4.00  5/25/2016   EUR    69.37
Goldman Sachs & Co Wertpap     6.00  5/25/2016   EUR    70.45
Goldman Sachs & Co Wertpap     7.00  5/25/2016   EUR    70.99
Goldman Sachs & Co Wertpap    10.00  5/25/2016   EUR    72.61
Goldman Sachs & Co Wertpap    11.00  5/25/2016   EUR    73.14
Goldman Sachs & Co Wertpap    11.00  5/25/2016   EUR    73.18
Goldman Sachs & Co Wertpap     5.00  6/22/2016   EUR    70.19
Goldman Sachs & Co Wertpap    11.00  6/22/2016   EUR    73.89
Goldman Sachs & Co Wertpap    10.00  7/20/2016   EUR    73.89
Goldman Sachs & Co Wertpap    10.00  7/20/2016   EUR    73.89
Goldman Sachs & Co Wertpap     7.00  9/21/2016   EUR    72.67
Goldman Sachs & Co Wertpap     8.00 12/21/2016   EUR    74.74
Goldman Sachs & Co Wertpap     6.00  3/22/2017   EUR    73.24
Goldman Sachs & Co Wertpap     7.00  3/22/2017   EUR    74.60
Goldman Sachs & Co Wertpap     6.00  6/21/2017   EUR    72.84
Goldman Sachs & Co Wertpap    12.00  3/23/2016   EUR    50.86
Goldman Sachs & Co Wertpap     3.00  4/20/2016   EUR    47.82
Goldman Sachs & Co Wertpap     8.00  4/20/2016   EUR    50.03
Goldman Sachs & Co Wertpap    10.00  4/20/2016   EUR    50.92
Goldman Sachs & Co Wertpap    11.00  4/20/2016   EUR    51.36
Goldman Sachs & Co Wertpap    11.00  4/20/2016   EUR    51.36
Goldman Sachs & Co Wertpap    11.00  4/20/2016   EUR    51.36
Goldman Sachs & Co Wertpap     4.00  5/25/2016   EUR    48.33
Goldman Sachs & Co Wertpap     7.00  5/25/2016   EUR    49.95
Goldman Sachs & Co Wertpap    10.00  5/25/2016   EUR    51.57
Goldman Sachs & Co Wertpap     8.00  7/20/2016   EUR    51.75
Goldman Sachs & Co Wertpap    10.00  7/20/2016   EUR    53.13
Goldman Sachs & Co Wertpap    10.00  7/20/2016   EUR    53.13
Goldman Sachs & Co Wertpap    11.00  7/20/2016   EUR    53.82
Goldman Sachs & Co Wertpap    11.00  7/20/2016   EUR    53.82
Goldman Sachs & Co Wertpap     7.00  9/21/2016   EUR    52.26
Goldman Sachs & Co Wertpap     8.00  9/21/2016   EUR    53.13
Goldman Sachs & Co Wertpap    10.00  9/21/2016   EUR    54.85
Goldman Sachs & Co Wertpap     4.00 12/21/2016   EUR    50.59
Goldman Sachs & Co Wertpap     7.00 12/21/2016   EUR    53.93
Goldman Sachs & Co Wertpap     8.00 12/21/2016   EUR    55.04
Goldman Sachs & Co Wertpap     8.00 12/21/2016   EUR    55.04
Goldman Sachs & Co Wertpap     9.00 12/21/2016   EUR    56.16
Goldman Sachs & Co Wertpap     5.00  3/22/2017   EUR    52.90
Goldman Sachs & Co Wertpap     8.00  3/22/2017   EUR    56.98
Goldman Sachs & Co Wertpap     8.00  3/22/2017   EUR    56.98
Goldman Sachs & Co Wertpap     8.00  3/22/2017   EUR    56.98
Goldman Sachs & Co Wertpap     5.00  6/21/2017   EUR    53.43
Goldman Sachs & Co Wertpap     8.00  6/21/2017   EUR    58.25
Goldman Sachs & Co Wertpap     8.00  6/21/2017   EUR    58.25
Goldman Sachs & Co Wertpap     8.00  6/21/2017   EUR    58.25
UBS AG/London                  7.00  6/26/2017   EUR    55.29
Landesbank Hessen-Thuering     4.00  7/31/2019   EUR    64.90
Vontobel Financial Product     7.55  7/22/2016   EUR    50.93
BNP Paribas Emissions- und     3.75 12/24/2015   EUR    56.32
BNP Paribas Emissions- und     5.75 12/24/2015   EUR    51.00
DZ Bank AG Deutsche Zentra     2.75 12/28/2015   EUR    56.09
DZ Bank AG Deutsche Zentra     5.30  3/21/2016   EUR    72.61
DZ Bank AG Deutsche Zentra     5.00  9/19/2016   EUR    51.63
DZ Bank AG Deutsche Zentra     5.00 12/21/2015   EUR    74.23
DZ Bank AG Deutsche Zentra     9.75 12/21/2015   EUR    62.71
DZ Bank AG Deutsche Zentra     5.75  6/20/2016   EUR    66.57
DZ Bank AG Deutsche Zentra     7.50  9/19/2016   EUR    69.19
HSBC Trinkaus & Burkhardt      6.80  9/23/2016   EUR    74.86
HSBC Trinkaus & Burkhardt      7.80 12/23/2016   EUR    73.93
HSBC Trinkaus & Burkhardt     10.20  1/22/2016   EUR    70.71
HSBC Trinkaus & Burkhardt      9.50  2/26/2016   EUR    71.28
HSBC Trinkaus & Burkhardt     10.00  5/27/2016   EUR    71.96
Leonteq Securities AG/Guer     4.68  8/29/2017   CHF    53.23
Vontobel Financial Product     4.95 12/28/2015   EUR    75.18
DZ Bank AG Deutsche Zentra     4.60 12/11/2015   EUR    74.71
Vontobel Financial Product     6.30 12/28/2015   EUR    56.53
Vontobel Financial Product     5.80 12/28/2015   EUR    48.59
Vontobel Financial Product     5.35 12/28/2015   EUR    58.05
Leonteq Securities AG/Guer    12.00 12/15/2015   CHF    46.28
Leonteq Securities AG/Guer     8.00 12/15/2015   CHF    56.95
Deutsche Bank AG               4.50  3/22/2016   EUR    78.50
Deutsche Bank AG               6.50  3/22/2016   EUR    79.30
Deutsche Bank AG               6.50  6/21/2016   EUR    78.90
Goldman Sachs & Co Wertpap     8.00  3/23/2016   EUR    72.18
Goldman Sachs & Co Wertpap    10.00  3/23/2016   EUR    68.45
Deutsche Bank AG               4.50 12/20/2016   EUR    72.80
Goldman Sachs & Co Wertpap     5.00  3/23/2016   EUR    53.50
Goldman Sachs & Co Wertpap     6.00  3/23/2016   EUR    51.97
Goldman Sachs & Co Wertpap     8.00  3/23/2016   EUR    47.76
Goldman Sachs & Co Wertpap    10.00  3/23/2016   EUR    45.71
Deutsche Bank AG               4.50  9/20/2016   EUR    78.00
Deutsche Bank AG               6.50  3/22/2016   EUR    72.60
Deutsche Bank AG               4.50  3/22/2016   EUR    71.90
Goldman Sachs & Co Wertpap     4.00  3/23/2016   EUR    66.52
Goldman Sachs & Co Wertpap     6.00  3/23/2016   EUR    63.28
LBBW                           3.70  7/27/2018   EUR    56.69
DZ Bank AG Deutsche Zentra     5.70 12/11/2015   EUR    71.99
BNP Paribas Emissions- und     6.00 12/24/2015   EUR    45.49
Deutsche Bank AG               4.50  9/20/2016   EUR    56.70
Deutsche Bank AG               6.50  6/21/2016   EUR    53.30
Vontobel Financial Product     6.95 12/28/2015   EUR    45.55
Vontobel Financial Product     8.00  7/22/2016   EUR    51.68
Deutsche Bank AG               4.50  3/22/2016   EUR    56.50
Deutsche Bank AG               6.50  9/20/2016   EUR    58.40
Deutsche Bank AG               6.50  9/20/2016   EUR    54.80
Deutsche Bank AG               6.50 12/20/2016   EUR    56.40
Deutsche Bank AG               8.20  6/21/2016   EUR    73.80
DZ Bank AG Deutsche Zentra     4.50 12/11/2015   EUR    58.89
DZ Bank AG Deutsche Zentra     5.00 12/11/2015   EUR    58.93
Deutsche Bank AG               4.50  9/20/2016   EUR    75.20
Commerzbank AG                 7.50  6/23/2016   EUR    74.63
Commerzbank AG                 9.25  6/23/2016   EUR    72.28
Commerzbank AG                11.25  6/23/2016   EUR    70.33
Zurcher Kantonalbank Finan     9.00  7/17/2017   EUR    65.47
Goldman Sachs & Co Wertpap     7.00  3/23/2016   EUR    71.81
Goldman Sachs & Co Wertpap     5.00  3/23/2016   EUR    46.49
Goldman Sachs & Co Wertpap     8.00  3/23/2016   EUR    47.59
Goldman Sachs & Co Wertpap     8.00  3/23/2016   EUR    47.59
Goldman Sachs & Co Wertpap     6.00  3/23/2016   EUR    59.57
Goldman Sachs & Co Wertpap     6.00  3/23/2016   EUR    59.57
HSBC Trinkaus & Burkhardt      8.20  6/24/2016   EUR    55.79
EFG International Finance      7.20  6/26/2017   GBP    55.57
Vontobel Financial Product     3.10   1/2/2017   EUR    47.00
Commerzbank AG                 6.00  6/23/2016   EUR    71.82
Commerzbank AG                 6.75  6/23/2016   EUR    71.00
Commerzbank AG                 7.50  6/23/2016   EUR    70.23
Commerzbank AG                 8.50  6/23/2016   EUR    69.64
Commerzbank AG                 3.75  6/23/2016   EUR    52.55
Commerzbank AG                 5.25  6/23/2016   EUR    51.31
Commerzbank AG                 6.00  6/23/2016   EUR    50.76
Commerzbank AG                 6.75  6/23/2016   EUR    50.24
Commerzbank AG                 7.75  6/23/2016   EUR    49.93
Commerzbank AG                 8.50  6/23/2016   EUR    49.50
Commerzbank AG                 4.50  6/23/2016   EUR    60.42
Commerzbank AG                 5.25  6/23/2016   EUR    59.26
Commerzbank AG                 9.75  6/23/2016   EUR    55.09
LBBW                           2.50 12/23/2016   EUR    61.01
LBBW                           3.50 12/23/2016   EUR    59.11
LBBW                           3.00  2/26/2016   EUR    51.27
DZ Bank AG Deutsche Zentra    14.00  2/26/2016   EUR    72.31
DZ Bank AG Deutsche Zentra     5.75  6/24/2016   EUR    74.87
Vontobel Financial Product     2.50   9/9/2016   EUR    55.87
Vontobel Financial Product     6.30  6/10/2016   EUR    74.57
Vontobel Financial Product     7.35  3/11/2016   EUR    72.30
Vontobel Financial Product     4.80  3/11/2016   EUR    74.93
Banque Cantonale Vaudoise/     8.25  8/17/2016   EUR    56.06
Leonteq Securities AG/Guer     9.12  7/13/2016   CHF    56.24
UBS AG                        22.25  3/29/2016   EUR    48.91
UBS AG                        22.50 12/29/2015   EUR    74.49
UBS AG                         5.00  6/24/2016   EUR    62.07
UBS AG                        25.00 12/29/2015   EUR    43.55
UBS AG                        14.00  3/29/2016   EUR    72.09
UBS AG                        13.00  6/24/2016   EUR    73.65
UBS AG                        14.00  6/24/2016   EUR    70.51
UBS AG                         8.50  3/29/2016   EUR    74.16
UBS AG                        21.25  3/29/2016   EUR    49.50
UBS AG                         7.25  6/24/2016   EUR    75.18
DZ Bank AG Deutsche Zentra     6.50 12/23/2016   EUR    67.55
UBS AG                         9.50  3/29/2016   EUR    71.02
UBS AG                        22.50 12/29/2015   EUR    74.44
UBS AG                        13.25  3/29/2016   EUR    62.14
UBS AG                        10.25  6/24/2016   EUR    68.35
DZ Bank AG Deutsche Zentra     6.25  8/26/2016   EUR    72.54
UBS AG/London                  5.75  7/22/2016   CHF    50.00
UBS AG                        11.75  6/24/2016   EUR    65.56
UBS AG                        16.25  6/24/2016   EUR    65.48
UBS AG                        11.75  3/29/2016   EUR    65.10
DZ Bank AG Deutsche Zentra     4.00 11/22/2017   EUR    68.43
Vontobel Financial Product     4.75  9/23/2016   EUR    62.61
Vontobel Financial Product    13.00  9/23/2016   EUR    59.80
Vontobel Financial Product     8.80 12/23/2016   EUR    60.90
Vontobel Financial Product     6.85 12/23/2016   EUR    61.44
Vontobel Financial Product    10.80 12/23/2016   EUR    60.66
Vontobel Financial Product    15.60  9/23/2016   EUR    59.78
Banque Cantonale Vaudoise/     6.72  8/19/2016   EUR    59.26
UBS AG                        21.25  3/29/2016   EUR    60.74
UBS AG                         8.75  3/29/2016   EUR    51.23
HSBC Trinkaus & Burkhardt     10.70  6/24/2016   EUR    58.66
HSBC Trinkaus & Burkhardt      8.50  9/23/2016   EUR    60.64
UBS AG                        23.00 12/29/2015   EUR    57.79
UBS AG                        24.25 12/29/2015   EUR    58.16
UBS AG                        16.50  6/24/2016   EUR    42.89
UBS AG                         8.50  6/24/2016   EUR    76.05
UBS AG                        16.75  6/24/2016   EUR    57.16
UBS AG                        24.50 12/29/2015   EUR    30.96
UBS AG                        23.50 12/29/2015   EUR    25.58
UBS AG                        21.75 12/29/2015   EUR    47.61
UBS AG                        18.75  3/29/2016   EUR    60.57
DZ Bank AG Deutsche Zentra     8.25 12/23/2016   EUR    57.35
UBS AG                        11.50  6/24/2016   EUR    47.95
UBS AG                        17.25  6/24/2016   EUR    63.34
UBS AG                        12.75  3/29/2016   EUR    75.97
UBS AG                        21.50  3/29/2016   EUR    63.31
DZ Bank AG Deutsche Zentra     5.75  8/26/2016   EUR    71.39
UBS AG                         9.50  6/24/2016   EUR    73.25
UBS AG                        10.25  6/24/2016   EUR    49.89
LBBW                           2.60  8/23/2019   EUR    68.49
Goldman Sachs & Co Wertpap     8.00  5/25/2016   EUR    75.27
Goldman Sachs & Co Wertpap    24.00  3/23/2016   EUR    51.62
Goldman Sachs & Co Wertpap     6.00  4/20/2016   EUR    57.31
Goldman Sachs & Co Wertpap    13.00  7/20/2016   EUR    55.58
Glitnir HF                     5.24 12/22/2010   USD    27.13
LBBW                           4.00  8/26/2016   EUR    51.59
HSBC Trinkaus & Burkhardt      7.30  9/23/2016   EUR    70.35
UBS AG                        24.00 12/29/2015   EUR    44.42
UBS AG                        19.25  3/29/2016   EUR    52.21
UBS AG                        19.75  6/24/2016   EUR    53.76
UBS AG                        18.00  6/24/2016   EUR    56.14
Vontobel Financial Product     8.65  3/29/2016   EUR    69.03
UBS AG                        13.25  6/24/2016   EUR    64.45
Vontobel Financial Product    13.00  6/24/2016   EUR    72.30
Vontobel Financial Product    11.00  9/23/2016   EUR    73.61
Vontobel Financial Product    10.00 12/23/2016   EUR    75.25
LBBW                           5.00  2/26/2016   EUR    58.44
LBBW                           3.50  2/26/2016   EUR    62.86
LBBW                           4.50  2/26/2016   EUR    59.13
UBS AG                         7.00  6/24/2016   EUR    50.93
UniCredit Bank AG              5.70  8/19/2016   EUR    73.93
UBS AG                         8.50  3/29/2016   EUR    72.26
Vontobel Financial Product     8.10  6/24/2016   EUR    68.94
Vontobel Financial Product    12.90 12/28/2015   EUR    67.49
Vontobel Financial Product    14.25  3/29/2016   EUR    71.74
Vontobel Financial Product     9.45  3/29/2016   EUR    74.67
Vontobel Financial Product     9.60  6/24/2016   EUR    74.65
Vontobel Financial Product     8.50  9/23/2016   EUR    75.75
Vontobel Financial Product     7.65 12/23/2016   EUR    76.83
LBBW                           4.00  2/26/2016   EUR    61.96
LBBW                           5.50  2/26/2016   EUR    56.13
UBS AG                        10.25  3/29/2016   EUR    57.84
UBS AG                         5.75  6/24/2016   EUR    57.76
UBS AG                         5.25 12/29/2015   EUR    42.26
UBS AG                         6.50  3/29/2016   EUR    44.38
Vontobel Financial Product    13.80  3/29/2016   EUR    64.48
Vontobel Financial Product    14.75  6/24/2016   EUR    65.58
Vontobel Financial Product    12.00  9/23/2016   EUR    66.79
Vontobel Financial Product     8.00 12/23/2016   EUR    69.49
Vontobel Financial Product     6.50 12/23/2016   EUR    70.49
Commerzbank AG                 6.00  1/21/2016   EUR    59.73
Vontobel Financial Product    10.45  3/29/2016   EUR    65.89
DZ Bank AG Deutsche Zentra     5.50  3/21/2016   EUR    63.39
DZ Bank AG Deutsche Zentra     5.10 12/19/2016   EUR    65.83
DZ Bank AG Deutsche Zentra     5.70 12/19/2016   EUR    64.72
DZ Bank AG Deutsche Zentra     6.80 12/19/2016   EUR    64.14
Commerzbank AG                13.50  4/21/2016   EUR    73.37
DekaBank Deutsche Girozent     4.15  1/28/2016   EUR    53.29
DZ Bank AG Deutsche Zentra     6.00  9/23/2016   EUR
DZ Bank AG Deutsche Zentra     6.50  9/23/2016   EUR    71.74
BNP Paribas Emissions- und     4.00  6/23/2016   EUR    75.27
BNP Paribas Emissions- und     7.00  6/23/2016   EUR    73.45
BNP Paribas Emissions- und    10.00  6/23/2016   EUR    71.93
UBS AG/London                 22.25  6/24/2016   EUR    40.06
UBS AG/London                  4.25 12/23/2016   EUR    68.01
UBS AG/London                 23.00 12/29/2015   EUR    70.97
UBS AG/London                  5.50 12/23/2016   EUR    64.17
UBS AG/London                  4.50 12/23/2016   EUR    66.46
UBS AG/London                 23.50  6/24/2016   EUR    73.41
Vontobel Financial Product     8.85  6/24/2016   EUR    60.99
UBS AG/London                 19.25  6/24/2016   EUR    49.22
Zurcher Kantonalbank Finan     7.92  8/19/2016   EUR    62.27
UBS AG/London                 24.50 12/29/2015   EUR    61.24
UBS AG/London                 24.75  3/29/2016   EUR    36.34
UBS AG/London                  5.75  6/24/2016   EUR    51.94
Vontobel Financial Product     9.20  9/23/2016   EUR    73.41
Goldman Sachs & Co Wertpap    10.00 12/23/2015   EUR    70.60
Goldman Sachs & Co Wertpap     7.00 12/23/2015   EUR    58.19
Goldman Sachs & Co Wertpap     9.00 12/23/2015   EUR    58.42
Goldman Sachs & Co Wertpap    10.00 12/23/2015   EUR    58.54
Goldman Sachs & Co Wertpap    10.00 12/23/2015   EUR    58.54
DZ Bank AG Deutsche Zentra     5.75  3/29/2016   EUR    53.41
DZ Bank AG Deutsche Zentra     6.00  6/24/2016   EUR    54.47
DZ Bank AG Deutsche Zentra     5.25  9/23/2016   EUR    55.25
Leonteq Securities AG/Guer     5.00  8/22/2016   CHF    59.48
Vontobel Financial Product     7.55  9/23/2016   EUR    53.88
Vontobel Financial Product     6.20 12/28/2015   EUR    61.74
Vontobel Financial Product     9.20  3/29/2016   EUR    51.11
Notenstein Privatbank AG       6.20  2/21/2017   EUR    62.33
UBS AG/London                 24.50  6/24/2016   EUR    74.01
BNP Paribas Emissions- und    24.00 12/24/2015   EUR    75.61
BNP Paribas Emissions- und    13.00 12/24/2015   EUR    73.71
BNP Paribas Emissions- und    12.00 12/24/2015   EUR    73.29
BNP Paribas Emissions- und    16.00 12/24/2015   EUR    70.17
BNP Paribas Emissions- und    18.00 12/24/2015   EUR    67.15
BNP Paribas Emissions- und    25.00 12/24/2015   EUR    65.00
BNP Paribas Emissions- und    15.00  3/24/2016   EUR    70.51
BNP Paribas Emissions- und    13.00  9/22/2016   EUR    72.20
UBS AG/London                 24.25 12/29/2015   EUR    69.10
UBS AG/London                 10.75 12/29/2015   EUR    45.61
UBS AG/London                  5.00 12/22/2017   EUR    74.79
UBS AG/London                  6.50 12/29/2015   EUR    48.41
UBS AG/London                  9.00 12/29/2015   EUR    54.30
UBS AG/London                  8.00 12/29/2015   EUR    68.04
UBS AG/London                 10.75  6/24/2016   EUR    48.11
UBS AG/London                 20.75  3/29/2016   EUR    73.93
UBS AG/London                 14.00 12/23/2016   EUR    54.73
UBS AG/London                  7.50  6/24/2016   EUR    68.71
UBS AG/London                 23.75  6/24/2016   EUR    52.32
UBS AG/London                 20.75  6/24/2016   EUR    73.08
Leonteq Securities AG/Guer     8.00  8/15/2016   CHF    55.09
Leonteq Securities AG/Guer     9.60 11/18/2015   CHF    36.22
UBS AG/London                 22.00 12/29/2015   EUR    72.37
UBS AG/London                 23.00  3/29/2016   EUR    70.66
UBS AG/London                 24.25 12/29/2015   EUR    53.67
UBS AG/London                 22.50  6/24/2016   EUR    76.65
UBS AG/London                 25.00  3/29/2016   EUR    73.59
UBS AG/London                  6.00  6/24/2016   EUR    72.12
UBS AG/London                  6.75 12/23/2016   EUR    70.98
Leonteq Securities AG/Guer    14.20 11/18/2015   CHF    73.99
Goldman Sachs & Co Wertpap    11.00  3/23/2016   EUR    55.38
Goldman Sachs & Co Wertpap    11.00  3/23/2016   EUR    55.38
Goldman Sachs & Co Wertpap    11.00  4/20/2016   EUR    56.25
Goldman Sachs & Co Wertpap    11.00  6/22/2016   EUR    57.81
Goldman Sachs & Co Wertpap    11.00  6/22/2016   EUR    57.81
Vontobel Financial Product    19.20  3/29/2016   EUR    69.53
Vontobel Financial Product    10.00 12/23/2016   EUR    58.60
Vontobel Financial Product     8.10 12/23/2016   EUR    58.84
Vontobel Financial Product    13.45 12/28/2015   EUR    67.98
Vontobel Financial Product    18.75 12/28/2015   EUR    61.32
UBS AG/London                  6.75 12/29/2015   EUR    69.11
UBS AG/London                 24.25 12/29/2015   EUR    72.82
UBS AG/London                  6.50  6/24/2016   EUR    67.33
UBS AG/London                 22.50  6/24/2016   EUR    47.41
UBS AG/London                 15.50 12/29/2015   EUR    73.46
UBS AG/London                  5.25  6/24/2016   EUR    70.15
UBS AG/London                 23.00 12/29/2015   EUR    62.91
Vontobel Financial Product     9.25  3/29/2016   EUR    59.30
UBS AG/London                  7.75 12/22/2017   EUR    53.77
UBS AG/London                  4.00  6/24/2016   EUR    66.44
UBS AG/London                 23.50 12/29/2015   EUR    74.79
UBS AG/London                 18.50 12/29/2015   EUR    36.82
UBS AG/London                  5.50  3/29/2016   EUR    61.11
Vontobel Financial Product    12.25  9/23/2016   EUR    71.37
UBS AG                        18.50 12/29/2015   EUR    62.78
Vontobel Financial Product    11.70 12/23/2016   EUR    72.40
UBS AG                        22.25 12/29/2015   EUR    72.40
DZ Bank AG Deutsche Zentra     6.80  7/20/2016   EUR    53.02
DZ Bank AG Deutsche Zentra     8.25  6/24/2016   EUR    51.04
DZ Bank AG Deutsche Zentra     6.75  9/23/2016   EUR    51.77
Goldman Sachs & Co Wertpap     4.00 12/23/2015   EUR    67.46
Goldman Sachs & Co Wertpap     4.00  1/20/2016   EUR    67.67
Goldman Sachs & Co Wertpap     3.00  4/20/2016   EUR    67.67
Goldman Sachs & Co Wertpap     3.00  5/25/2016   EUR    65.78
Goldman Sachs & Co Wertpap     3.00  6/22/2016   EUR    65.97
Goldman Sachs & Co Wertpap     4.00  7/20/2016   EUR    66.78
Goldman Sachs & Co Wertpap     3.00 12/23/2015   EUR    44.67
Goldman Sachs & Co Wertpap     3.00  1/20/2016   EUR    44.92
Goldman Sachs & Co Wertpap     4.00  2/24/2016   EUR    45.50
Goldman Sachs & Co Wertpap     6.00  3/22/2017   EUR    52.21
Goldman Sachs & Co Wertpap     6.00  3/22/2017   EUR    52.21
UBS AG                        14.50 12/29/2015   EUR    65.92
UBS AG                        16.25 12/29/2015   EUR    61.20
UBS AG                        16.25 12/29/2015   EUR    66.61
UBS AG                        23.25 12/29/2015   EUR    68.86
LBBW                           4.50  8/26/2016   EUR    69.05
LBBW                           5.50  8/26/2016   EUR    68.40
LBBW                           3.00  8/26/2016   EUR    68.00
LBBW                           4.50  8/26/2016   EUR    65.80
LBBW                           6.00  8/26/2016   EUR    64.47
UBS AG                         6.25 12/29/2015   EUR    64.35
UBS AG                        15.25 12/29/2015   EUR    69.89
UBS AG                        24.00 12/29/2015   EUR    62.65
UBS AG                        20.75 12/29/2015   EUR    68.86
UBS AG                         5.25 12/29/2015   EUR    70.29
UBS AG                         4.00 12/29/2015   EUR    62.87
UBS AG                        20.75 12/29/2015   EUR    58.21
UBS AG                        19.75 12/29/2015   EUR    56.08
UBS AG                        20.50 12/29/2015   EUR    54.25
Goldman Sachs & Co Wertpap    12.00  4/20/2016   EUR    59.53
Goldman Sachs & Co Wertpap    10.00  8/24/2016   EUR    61.68
Goldman Sachs & Co Wertpap    10.00  8/24/2016   EUR    61.68
Goldman Sachs & Co Wertpap    11.00  8/24/2016   EUR    62.47
Goldman Sachs & Co Wertpap     8.00  9/21/2016   EUR    60.69
Goldman Sachs & Co Wertpap     8.00  6/21/2017   EUR    65.38
Goldman Sachs & Co Wertpap     8.00  6/21/2017   EUR    65.38
UBS AG                        14.50 12/29/2015   EUR    68.87
UBS AG                        19.75 12/29/2015   EUR    60.41
UBS AG                        22.75 12/29/2015   EUR    50.13
UBS AG                        22.75 12/29/2015   EUR    64.55
Goldman Sachs & Co Wertpap     5.00  5/25/2016   EUR    73.15
Goldman Sachs & Co Wertpap    17.00 12/23/2015   EUR    56.18
Goldman Sachs & Co Wertpap    13.00  5/25/2016   EUR    60.84
Goldman Sachs & Co Wertpap     8.00  7/20/2016   EUR    59.37
Goldman Sachs & Co Wertpap    10.00  7/20/2016   EUR    60.75
Goldman Sachs & Co Wertpap    10.00  9/21/2016   EUR    62.42
Goldman Sachs & Co Wertpap    10.00  9/21/2016   EUR    62.42
Goldman Sachs & Co Wertpap     6.00 12/21/2016   EUR    60.26
Goldman Sachs & Co Wertpap     8.00 12/21/2016   EUR    62.48
Goldman Sachs & Co Wertpap     8.00 12/21/2016   EUR    62.48
Goldman Sachs & Co Wertpap     7.00  3/22/2017   EUR    62.94
Goldman Sachs & Co Wertpap     8.00  3/22/2017   EUR    64.31
Goldman Sachs & Co Wertpap     8.00  3/22/2017   EUR    64.31
Goldman Sachs & Co Wertpap     8.00  3/22/2017   EUR    64.31
Goldman Sachs & Co Wertpap     7.00  6/21/2017   EUR    63.77
Goldman Sachs & Co Wertpap     8.00  6/21/2017   EUR    65.38
Goldman Sachs & Co Wertpap     8.00  6/21/2017   EUR    65.38
UBS AG                        11.75 12/29/2015   EUR    75.00
UBS AG                        22.25 12/29/2015   EUR    61.48
Vontobel Financial Product    13.95  9/23/2016   EUR    71.42
UBS AG                        22.25 12/29/2015   EUR    32.67
Vontobel Financial Product    10.00 12/23/2016   EUR    73.34
Vontobel Financial Product     6.75  8/26/2016   EUR    58.04
DekaBank Deutsche Girozent     5.40  8/12/2016   EUR    54.50
UBS AG                         4.75 12/29/2015   EUR    73.71
UBS AG                         5.75 12/29/2015   EUR    67.19
UBS AG                         9.50 12/29/2015   EUR    53.41
UBS AG                        23.00 12/29/2015   EUR    46.96
LBBW                           2.50  8/26/2016   EUR    71.95
LBBW                           3.50  8/26/2016   EUR    69.69
HSBC Trinkaus & Burkhardt      8.80  9/23/2016   EUR    51.60
HSBC Trinkaus & Burkhardt      6.50 12/23/2016   EUR    53.22
HSBC Trinkaus & Burkhardt      8.40  1/22/2016   EUR    48.23
HSBC Trinkaus & Burkhardt      8.00  2/26/2016   EUR    48.91
HSBC Trinkaus & Burkhardt      7.10  5/27/2016   EUR    50.35
LBBW                           4.00  2/26/2016   EUR    50.34
LBBW                           3.00 12/23/2016   EUR    56.08
LBBW                           4.00 12/23/2016   EUR    54.67
Deutsche Bank AG               8.20 10/26/2016   EUR    71.60
Deutsche Bank AG               4.20  6/21/2016   EUR    73.00
LBBW                           3.00  9/27/2019   EUR    72.60
Deutsche Bank AG               4.20  9/20/2016   EUR    54.20
Deutsche Bank AG               8.20 12/20/2016   EUR    72.50
Deutsche Bank AG               4.20 11/23/2016   EUR    52.40
Deutsche Bank AG               4.20 10/26/2016   EUR    73.50
Deutsche Bank AG               8.20 12/20/2016   EUR    52.90
Deutsche Bank AG               8.20  9/20/2016   EUR    71.00
Deutsche Bank AG               8.20  6/21/2016   EUR    69.30
Deutsche Bank AG               8.20 11/23/2016   EUR    72.00
Deutsche Bank AG               4.20 12/20/2016   EUR    55.20
LBBW                           2.00 12/23/2016   EUR    58.17
Deutsche Bank AG               4.50 12/20/2016   EUR    50.50
Deutsche Bank AG               4.50  6/21/2016   EUR    48.30
DZ Bank AG Deutsche Zentra     6.60  9/19/2016   EUR    74.72
DZ Bank AG Deutsche Zentra     5.90  3/21/2016   EUR    53.82
DekaBank Deutsche Girozent     2.15   8/5/2016   EUR    58.57
Deutsche Bank AG               8.50  6/21/2016   EUR    72.04
Deutsche Bank AG               8.50  9/20/2016   EUR    73.64
Deutsche Bank AG               8.50 12/20/2016   EUR    75.04
Goldman Sachs & Co Wertpap     9.00 12/23/2015   EUR    70.42
Deutsche Bank AG               8.50  3/22/2016   EUR    49.24
Deutsche Bank AG               8.50  9/20/2016   EUR    52.90
Goldman Sachs & Co Wertpap     5.00 12/23/2015   EUR    58.00
Notenstein Privatbank AG       9.10  8/29/2016   CHF    45.16
Notenstein Privatbank AG       9.10  8/29/2016   CHF    33.20
Vontobel Financial Product     5.35 12/16/2016   EUR    60.87
Commerzbank AG                 6.00  6/23/2016   EUR    73.58
Commerzbank AG                 6.50  6/23/2016   EUR    72.27
Commerzbank AG                 7.25  6/23/2016   EUR    71.15
Commerzbank AG                 5.25  6/23/2016   EUR    63.46
Credit Suisse AG/Nassau        8.00  3/16/2016   USD    60.01
Vontobel Financial Product     7.55  7/22/2016   EUR    50.63
BNP Paribas Emissions- und     7.00 12/24/2015   EUR    74.65
HSBC Trinkaus & Burkhardt      6.00 12/28/2015   EUR    68.41
HSBC Trinkaus & Burkhardt      6.00 12/28/2015   EUR    41.55
DZ Bank AG Deutsche Zentra     9.00 12/11/2015   EUR    49.52
DZ Bank AG Deutsche Zentra     7.50 12/11/2015   EUR    49.39
Vontobel Financial Product     6.45 12/11/2015   EUR    72.37
Goldman Sachs & Co Wertpap    13.00 12/23/2015   EUR    72.00
Goldman Sachs & Co Wertpap     3.00  1/20/2016   EUR    70.89
Goldman Sachs & Co Wertpap    10.00  1/20/2016   EUR    72.25
Goldman Sachs & Co Wertpap    12.00  1/20/2016   EUR    72.64
Goldman Sachs & Co Wertpap    12.00  1/20/2016   EUR    72.64
Goldman Sachs & Co Wertpap    10.00  2/24/2016   EUR    72.86
Goldman Sachs & Co Wertpap    11.00  2/24/2016   EUR    73.15
Goldman Sachs & Co Wertpap     3.00  3/23/2016   EUR    70.73
Goldman Sachs & Co Wertpap    10.00  3/23/2016   EUR    73.30
Goldman Sachs & Co Wertpap     4.00  4/20/2016   EUR    71.26
Goldman Sachs & Co Wertpap     7.00  4/20/2016   EUR    72.59
Goldman Sachs & Co Wertpap     8.00  6/22/2016   EUR    72.04
Goldman Sachs & Co Wertpap    10.00  6/22/2016   EUR    73.27
Goldman Sachs & Co Wertpap    11.00  6/22/2016   EUR    73.89
Goldman Sachs & Co Wertpap    10.00  7/20/2016   EUR    73.89
Goldman Sachs & Co Wertpap     5.00  9/21/2016   EUR    70.94
Goldman Sachs & Co Wertpap     6.00  9/21/2016   EUR    71.80
Goldman Sachs & Co Wertpap    10.00  9/21/2016   EUR    75.26
Goldman Sachs & Co Wertpap    10.00  9/21/2016   EUR    75.26
Goldman Sachs & Co Wertpap     6.00 12/21/2016   EUR    72.58
Goldman Sachs & Co Wertpap     5.00  3/22/2017   EUR    71.88
Goldman Sachs & Co Wertpap     7.00  6/21/2017   EUR    74.45
Goldman Sachs & Co Wertpap     7.00  6/21/2017   EUR    74.45
Goldman Sachs & Co Wertpap    16.00 12/23/2015   EUR    48.32
Goldman Sachs & Co Wertpap     3.00  2/24/2016   EUR    47.33
Goldman Sachs & Co Wertpap     3.00  3/23/2016   EUR    47.56
Goldman Sachs & Co Wertpap    12.00  3/23/2016   EUR    50.86
Goldman Sachs & Co Wertpap     4.00  6/22/2016   EUR    48.66
Goldman Sachs & Co Wertpap     4.00  7/20/2016   EUR    48.98
Goldman Sachs & Co Wertpap     4.00  9/21/2016   EUR    49.67
Goldman Sachs & Co Wertpap    10.00  9/21/2016   EUR    54.85
Goldman Sachs & Co Wertpap    10.00  9/21/2016   EUR    54.85
Goldman Sachs & Co Wertpap     9.00 12/21/2016   EUR    56.16
Goldman Sachs & Co Wertpap     9.00 12/21/2016   EUR    56.16
Goldman Sachs & Co Wertpap     7.00  3/22/2017   EUR    55.62
Goldman Sachs & Co Wertpap     7.00  3/22/2017   EUR    55.62
Goldman Sachs & Co Wertpap     8.00  3/22/2017   EUR    56.98
Goldman Sachs & Co Wertpap     7.00  6/21/2017   EUR    56.64
Goldman Sachs & Co Wertpap     7.00  6/21/2017   EUR    56.64
Goldman Sachs & Co Wertpap     8.00  6/21/2017   EUR    58.25
Notenstein Privatbank AG       7.50  9/12/2016   EUR    60.61
BNP Paribas Emissions- und     8.00 12/22/2016   EUR    74.86
BNP Paribas Emissions- und    10.00  6/23/2016   EUR    73.00
BNP Paribas Emissions- und    22.00 12/24/2015   EUR    71.78
BNP Paribas Emissions- und    16.00  3/24/2016   EUR    74.74
UBS AG/London                 23.25  6/24/2016   EUR    70.20
UBS AG/London                 11.00 12/29/2015   EUR    62.97
HSBC Trinkaus & Burkhardt      7.00 12/28/2015   EUR    45.67
BNP Paribas Emissions- und    13.00 12/24/2015   EUR    69.45
Goldman Sachs & Co Wertpap     9.00 12/23/2015   EUR    55.57
Vontobel Financial Product     4.95 12/28/2015   EUR    54.23
Vontobel Financial Product     8.80  6/24/2016   EUR    52.80
UBS AG/London                  6.50  8/12/2016   CHF    69.29
Deutsche Bank AG               6.20 12/22/2015   EUR    61.50
Leonteq Securities AG/Guer     9.50   9/8/2016   USD    58.23
Goldman Sachs & Co Wertpap    10.00 12/23/2015   EUR    75.53
Goldman Sachs & Co Wertpap    10.00  4/20/2016   EUR    74.28
Goldman Sachs & Co Wertpap    13.00  4/20/2016   EUR    72.42
Goldman Sachs & Co Wertpap    19.00  4/20/2016   EUR    69.34
Goldman Sachs & Co Wertpap    22.00  4/20/2016   EUR    68.11
Goldman Sachs & Co Wertpap    23.00  5/25/2016   EUR    68.96
Goldman Sachs & Co Wertpap    13.00  6/22/2016   EUR    72.60
Goldman Sachs & Co Wertpap    20.00  7/20/2016   EUR    70.50
Deutsche Bank AG               6.20 12/22/2015   EUR    65.60
Deutsche Bank AG               6.20 12/22/2015   EUR    73.30
Deutsche Bank AG               4.20 12/22/2015   EUR    73.00
Deutsche Bank AG               4.20 12/22/2015   EUR    69.00
Deutsche Bank AG               6.20 12/22/2015   EUR    69.20
Deutsche Bank AG               5.20 12/22/2015   EUR    73.10
Deutsche Bank AG               5.20 12/22/2015   EUR    69.10
Vontobel Financial Product     5.60 12/28/2015   EUR    58.16
Vontobel Financial Product     7.55 12/28/2015   EUR    55.31
Goldman Sachs & Co Wertpap     5.00  9/21/2016   EUR    58.46
DZ Bank AG Deutsche Zentra     5.50 12/28/2015   EUR    54.37
Goldman Sachs & Co Wertpap     4.00  6/21/2017   EUR    62.58
Goldman Sachs & Co Wertpap     4.00  6/21/2017   EUR    65.65
Goldman Sachs & Co Wertpap     5.00  6/21/2017   EUR    61.35
HSBC Trinkaus & Burkhardt      6.00 12/28/2015   EUR    48.76
Deutsche Bank AG               4.50  6/21/2016   EUR    71.50
Deutsche Bank AG               6.50  9/20/2016   EUR    73.90
Deutsche Bank AG               4.50  9/20/2016   EUR    72.20
Deutsche Bank AG               4.50  6/21/2016   EUR    77.70
Deutsche Bank AG               4.50 12/20/2016   EUR    78.30
Deutsche Bank AG               6.50 12/20/2016   EUR    75.00
Goldman Sachs & Co Wertpap     8.00  3/23/2016   EUR    49.30
Deutsche Bank AG               6.50  6/21/2016   EUR    72.70
Deutsche Bank AG               6.50  3/22/2016   EUR    57.20
Deutsche Bank AG               4.50  6/21/2016   EUR    52.20
Deutsche Bank AG               4.50  6/21/2016   EUR    55.80
Deutsche Bank AG               4.50  9/20/2016   EUR    53.20
Deutsche Bank AG               6.50 12/20/2016   EUR    59.90
BNP Paribas Emissions- und     5.25 12/24/2015   EUR    72.11
Deutsche Bank AG               4.50  3/22/2016   EUR    52.70
Deutsche Bank AG               4.50 12/20/2016   EUR    57.60
Deutsche Bank AG               4.50 12/20/2016   EUR    54.10
Deutsche Bank AG               6.50  3/22/2016   EUR    53.40
Deutsche Bank AG               6.50  6/21/2016   EUR    57.00
Deutsche Bank AG               8.20  3/22/2016   EUR    73.30
Deutsche Bank AG               8.20  9/20/2016   EUR    75.40
Deutsche Bank AG               8.20 12/20/2016   EUR    76.90
Deutsche Bank AG               8.20  3/22/2016   EUR    54.10
Deutsche Bank AG               8.20  6/21/2016   EUR    54.50
Deutsche Bank AG               8.20  9/20/2016   EUR    56.40
Deutsche Bank AG               8.20 12/20/2016   EUR    58.30
Leonteq Securities AG          7.20  9/26/2016   EUR    62.33
Commerzbank AG                 6.25  6/23/2016   EUR    52.65
Commerzbank AG                 4.75  6/23/2016   EUR    65.56
Commerzbank AG                 5.50  6/23/2016   EUR    64.43
Commerzbank AG                 6.75  6/23/2016   EUR    62.23
Leonteq Securities AG/Guer     8.00   8/5/2016   USD    70.20
Notenstein Privatbank AG       7.00  8/11/2017   CHF    65.77
UBS AG/London                 13.25  6/24/2016   EUR    54.97
DZ Bank AG Deutsche Zentra     9.00 12/21/2015   EUR
UBS AG/London                  5.75  6/24/2016   EUR    61.94
Vontobel Financial Product    25.85  3/29/2016   EUR    65.73
Vontobel Financial Product    17.65  6/24/2016   EUR    69.49
Vontobel Financial Product    15.75  3/29/2016   EUR    68.36
HSBC Trinkaus & Burkhardt      8.80 12/23/2016   EUR    73.65
UBS AG                        19.75  3/29/2016   EUR    58.40
HSBC Trinkaus & Burkhardt      6.70  6/24/2016   EUR    55.08
UBS AG                        23.75 12/29/2015   EUR    46.43
Vontobel Financial Product     7.05  8/26/2016   EUR    58.73
Deutsche Bank AG               7.50 12/20/2016   EUR    71.17
Deutsche Bank AG               5.50 12/20/2016   EUR    68.92
Vontobel Financial Product    14.50  9/23/2016   EUR    70.36
Vontobel Financial Product    12.55 12/23/2016   EUR    71.70
Vontobel Financial Product     8.65 12/23/2016   EUR    73.50
LBBW                           2.50  8/24/2018   EUR    68.41
Vontobel Financial Product    12.10 12/28/2015   EUR    68.53
Vontobel Financial Product     9.35  3/29/2016   EUR    70.14
Vontobel Financial Product     9.60  6/24/2016   EUR    70.51
Vontobel Financial Product     8.15  9/23/2016   EUR    71.28
Deutsche Bank AG               5.50  3/22/2016   EUR    68.29
Deutsche Bank AG               7.50  3/22/2016   EUR    69.04
Deutsche Bank AG               5.50  6/21/2016   EUR    67.17
Deutsche Bank AG               7.50  6/21/2016   EUR    68.41
Deutsche Bank AG               7.50  9/20/2016   EUR    69.88
Deutsche Bank AG               5.50  9/20/2016   EUR    68.13
DZ Bank AG Deutsche Zentra     5.70  3/29/2016   EUR    67.35
DZ Bank AG Deutsche Zentra     6.30  6/24/2016   EUR    75.10
DZ Bank AG Deutsche Zentra     6.20  9/23/2016   EUR    71.99
DZ Bank AG Deutsche Zentra     9.00  9/23/2016   EUR    71.93
UBS AG                        17.50  3/29/2016   EUR    75.42
UBS AG                        10.00  3/29/2016   EUR    68.39
UBS AG                         4.50  6/24/2016   EUR    64.39
UBS AG                        17.50  6/24/2016   EUR    41.95
HSBC Trinkaus & Burkhardt      6.50 12/23/2016   EUR    75.39
HSBC Trinkaus & Burkhardt      7.40  3/24/2017   EUR    74.69
UBS AG                        21.75  3/29/2016   EUR    36.15
HSBC Trinkaus & Burkhardt      9.40  4/22/2016   EUR    72.18
HSBC Trinkaus & Burkhardt      9.70  7/22/2016   EUR    72.99
UBS AG                        24.50 12/29/2015   EUR    51.23
UBS AG                        22.00 12/29/2015   EUR    53.63
UBS AG                        22.50 12/29/2015   EUR    70.38
HSBC Trinkaus & Burkhardt      6.20  9/23/2016   EUR    56.22
HSBC Trinkaus & Burkhardt      6.70  3/24/2017   EUR    57.09
HSBC Trinkaus & Burkhardt      8.50  4/22/2016   EUR    52.44
HSBC Trinkaus & Burkhardt      8.70  7/22/2016   EUR    54.23
DZ Bank AG Deutsche Zentra     8.10  9/23/2016   EUR    70.48
DZ Bank AG Deutsche Zentra     7.00  3/29/2016   EUR    68.23
DZ Bank AG Deutsche Zentra    10.90  3/29/2016   EUR    66.38
DZ Bank AG Deutsche Zentra     6.90  9/23/2016   EUR    68.97
UBS AG                        12.50 12/29/2015   EUR    72.70
LBBW                           2.50  8/26/2016   EUR    61.10
LBBW                           3.50  8/26/2016   EUR    59.91
LBBW                           4.50  8/26/2016   EUR    59.02
LBBW                           5.50  8/26/2016   EUR    58.32
LBBW                           6.50  8/26/2016   EUR    57.82
Leonteq Securities AG         11.00   5/4/2016   USD    44.30
Commerzbank AG                 7.00  3/24/2016   EUR    74.84
Commerzbank AG                 7.00  3/24/2016   EUR    61.09
Commerzbank AG                 9.25  3/24/2016   EUR    58.96
Deutsche Bank AG               6.20 12/20/2016   EUR    67.60
LBBW                           3.40  6/22/2018   EUR    61.74
DekaBank Deutsche Girozent     4.55  8/19/2019   EUR    69.36
Deutsche Bank AG               7.20  6/21/2016   EUR    45.50
Deutsche Bank AG               6.20  9/20/2016   EUR    57.10
Deutsche Bank AG               7.20  9/20/2016   EUR    52.00
Deutsche Bank AG               7.20  9/20/2016   EUR    47.20
Vontobel Financial Product     2.40  2/26/2016   EUR    53.54
HSBC Trinkaus & Burkhardt     11.50  9/23/2016   EUR    48.68
DZ Bank AG Deutsche Zentra     4.00  5/20/2016   EUR    53.60
Commerzbank AG                 9.00  2/25/2016   EUR    74.15
Goldman Sachs & Co Wertpap    10.00  7/20/2016   EUR    68.13
Goldman Sachs & Co Wertpap     5.00 12/21/2016   EUR    66.07
Goldman Sachs & Co Wertpap     7.00 12/21/2016   EUR    68.30
Goldman Sachs & Co Wertpap     7.00 12/21/2016   EUR    68.30
Goldman Sachs & Co Wertpap     9.00 12/21/2016   EUR    70.52
DZ Bank AG Deutsche Zentra     5.50  3/29/2016   EUR    52.90
DZ Bank AG Deutsche Zentra     8.80 12/28/2015   EUR    61.66
UBS AG                         5.00  6/24/2016   EUR    57.61
UBS AG                         7.50  6/24/2016   EUR    53.07
Commerzbank AG                10.00  1/21/2016   EUR    49.82
Commerzbank AG                 8.50  4/21/2016   EUR    51.62
Commerzbank AG                 8.50 12/24/2015   EUR    44.93
Goldman Sachs & Co Wertpap     6.00  7/20/2016   EUR    65.36
Goldman Sachs & Co Wertpap     7.00  7/20/2016   EUR    48.96
Goldman Sachs & Co Wertpap     6.00 12/21/2016   EUR    50.75
Vontobel Financial Product     1.70 12/31/2015   EUR    53.78
Deutsche Bank AG               8.20  5/25/2016   EUR    74.80
Deutsche Bank AG               8.20  5/25/2016   EUR    71.90
Deutsche Bank AG               8.20  5/25/2016   EUR    70.20
Deutsche Bank AG               8.20  5/25/2016   EUR    60.80
Deutsche Bank AG               8.20  5/25/2016   EUR    75.20
Deutsche Bank AG               8.20  5/25/2016   EUR    46.30
Goldman Sachs & Co Wertpap     8.00 12/23/2015   EUR    43.33
Goldman Sachs & Co Wertpap    10.00  1/20/2016   EUR    44.35
Goldman Sachs & Co Wertpap    12.00  1/20/2016   EUR    44.74
Goldman Sachs & Co Wertpap     6.00  2/24/2016   EUR    44.15
Goldman Sachs & Co Wertpap    11.00  2/24/2016   EUR    45.60
Goldman Sachs & Co Wertpap    11.00  2/24/2016   EUR    45.60
Goldman Sachs & Co Wertpap     7.00  3/23/2016   EUR    44.98
Goldman Sachs & Co Wertpap    11.00  3/23/2016   EUR    46.45
Goldman Sachs & Co Wertpap     7.00  6/22/2016   EUR    46.50
Leonteq Securities AG         10.40   3/9/2016   USD    55.12
Bank Julius Baer & Co Ltd/     6.30   6/6/2016   USD    72.80
Deutsche Bank AG               5.20  8/24/2016   EUR    71.00
Deutsche Bank AG               6.20  8/24/2016   EUR    68.90
HSBC Trinkaus & Burkhardt     13.20  6/24/2016   EUR    68.42
HSBC Trinkaus & Burkhardt     11.80  6/24/2016   EUR    69.49
HSBC Trinkaus & Burkhardt      7.70  6/24/2016   EUR    73.46
HSBC Trinkaus & Burkhardt      8.10  9/23/2016   EUR    73.17
HSBC Trinkaus & Burkhardt     13.50  6/24/2016   EUR    56.89
HSBC Trinkaus & Burkhardt     11.90  6/24/2016   EUR    57.78
HSBC Trinkaus & Burkhardt      9.20  9/23/2016   EUR    60.21
HSBC Trinkaus & Burkhardt     11.40  1/22/2016   EUR    55.99
HSBC Trinkaus & Burkhardt      9.90  4/22/2016   EUR    58.00
HSBC Trinkaus & Burkhardt     11.90 12/28/2015   EUR    73.07
HSBC Trinkaus & Burkhardt     12.20  6/24/2016   EUR    73.16
HSBC Trinkaus & Burkhardt      9.40  6/24/2016   EUR    76.23
HSBC Trinkaus & Burkhardt     10.10 11/27/2015   EUR    74.84
HSBC Trinkaus & Burkhardt      9.40  1/22/2016   EUR    76.20
HSBC Trinkaus & Burkhardt     12.70 12/28/2015   EUR    40.80
HSBC Trinkaus & Burkhardt     12.00  6/24/2016   EUR    44.48
HSBC Trinkaus & Burkhardt      7.40  6/24/2016   EUR    46.48
HSBC Trinkaus & Burkhardt      8.00  9/23/2016   EUR    47.25
HSBC Trinkaus & Burkhardt      9.70  1/22/2016   EUR    42.48
HSBC Trinkaus & Burkhardt      8.60  4/22/2016   EUR    44.36
DZ Bank AG Deutsche Zentra    10.00  6/24/2016   EUR
Landesbank Hessen-Thuering     5.00 11/15/2016   EUR    46.80
DZ Bank AG Deutsche Zentra    10.00  9/23/2016   EUR
DZ Bank AG Deutsche Zentra    15.00  3/29/2016   EUR
DZ Bank AG Deutsche Zentra    10.00  6/24/2016   EUR    73.08
DZ Bank AG Deutsche Zentra    10.00  9/23/2016   EUR
HSBC Trinkaus & Burkhardt     10.70 11/27/2015   EUR    41.06
LBBW                           2.50  7/22/2016   EUR    74.14
LBBW                           3.50  7/22/2016   EUR    71.32
LBBW                           2.50  7/22/2016   EUR    53.97
LBBW                           4.00  7/22/2016   EUR    50.35
LBBW                           3.50  7/22/2016   EUR    73.29
LBBW                           4.50  7/22/2016   EUR    70.72
LBBW                           3.00  7/22/2016   EUR    54.15
LBBW                           3.90  9/22/2017   EUR    49.09
LBBW                           3.00  9/22/2017   EUR    65.78
LBBW                           2.00  9/22/2017   EUR    68.03
LBBW                           2.75 10/27/2017   EUR    67.25
LBBW                           2.50 10/27/2017   EUR    72.36
LBBW                           3.00  6/22/2018   EUR    62.74
LBBW                           5.30 11/27/2015   EUR    50.79
LBBW                           3.50 11/24/2017   EUR    63.53
LBBW                           3.00  4/22/2016   EUR    74.74
LBBW                           5.00  4/22/2016   EUR    67.17
LBBW                           2.00  4/22/2016   EUR    69.43
LBBW                           3.50  4/22/2016   EUR    64.43
LBBW                           3.00  3/29/2016   EUR    63.57
LBBW                           4.00  3/29/2016   EUR    61.23
LBBW                           3.85 10/27/2017   EUR    54.32
Rossiysky Capital OJSC        18.00  1/16/2020   RUB    60.45
LBBW                           3.00 11/24/2017   EUR    60.28
LBBW                           2.50 12/23/2016   EUR    69.61
LBBW                           2.00 12/23/2016   EUR    68.22
LBBW                           3.00 12/23/2016   EUR    65.20
LBBW                           4.00 12/23/2016   EUR    63.02
LBBW                           5.00 12/23/2016   EUR    61.43
LBBW                           2.00 12/23/2016   EUR    64.67
LBBW                           3.00 12/23/2016   EUR    61.80
LBBW                           4.00 12/23/2016   EUR    59.46
LBBW                           3.20  7/22/2016   EUR    62.16
LBBW                           3.00  8/24/2018   EUR    68.14
LBBW                           3.40  8/24/2018   EUR    72.52
LBBW                           2.50 10/28/2016   EUR    74.02
LBBW                           2.50 10/28/2016   EUR    54.96
LBBW                           4.50 10/28/2016   EUR    51.15
LBBW                           3.00 10/28/2016   EUR    67.42
LBBW                           3.00 10/28/2016   EUR    57.98
LBBW                           5.00 10/28/2016   EUR    68.20
LBBW                           5.50 10/28/2016   EUR    62.71
LBBW                           5.50 10/28/2016   EUR    50.03
LBBW                           4.00 10/27/2017   EUR    54.35
LBBW                           5.50  3/29/2016   EUR    47.19
LBBW                           7.00  3/29/2016   EUR    46.01
LBBW                           4.00  3/29/2016   EUR    61.21
LBBW                           2.50  2/24/2017   EUR    73.78
LBBW                           2.50  2/24/2017   EUR    60.35
LBBW                           3.50  2/24/2017   EUR    70.97
LBBW                           3.50  2/24/2017   EUR    58.15
LBBW                           4.50  2/24/2017   EUR    56.45
LBBW                           5.50  2/24/2017   EUR    66.49
LBBW                           6.00  2/24/2017   EUR    66.92
LBBW                           2.60  7/22/2016   EUR    55.01
LBBW                           2.50  2/26/2016   EUR    57.91
LBBW                           4.50  2/26/2016   EUR    69.99
LBBW                           5.00  3/24/2017   EUR    75.25
LBBW                           3.00  3/24/2017   EUR    54.46
LBBW                           4.00  3/24/2017   EUR    67.31
LBBW                           5.00  3/24/2017   EUR    65.73
LBBW                           6.00  3/24/2017   EUR    64.35
LBBW                           4.50 10/28/2016   EUR    67.43
LBBW                           3.00  4/22/2016   EUR    73.37
LBBW                           7.00  4/22/2016   EUR    66.40
LBBW                           6.00  4/22/2016   EUR    45.80
LBBW                           3.00  4/22/2016   EUR    52.30
LBBW                           3.00  5/27/2016   EUR    70.77
LBBW                           3.00  1/22/2016   EUR    74.83
LBBW                           4.50  1/22/2016   EUR    70.38
LBBW                           6.00  1/22/2016   EUR    67.35
LBBW                           2.00  1/22/2016   EUR    67.44
LBBW                           3.00  1/22/2016   EUR    64.35
LBBW                           4.00  1/22/2016   EUR    62.03
LBBW                           5.00  1/22/2016   EUR    60.27
LBBW                           3.90  6/24/2016   EUR    60.50
LBBW                           3.00  3/24/2017   EUR    69.52
DZ Bank AG Deutsche Zentra     6.10 12/21/2015   EUR    74.30
Vontobel Financial Product     7.00  5/27/2016   EUR    45.67
Vontobel Financial Product     6.50  5/27/2016   EUR    45.62
LBBW                           3.00  6/28/2019   EUR    58.50
Bank Julius Baer & Co Ltd/     7.50  4/29/2016   USD    70.75
Leonteq Securities AG         12.40   5/6/2016   CHF    54.12
Leonteq Securities AG         10.00   5/6/2016   USD    71.01
Leonteq Securities AG         20.00   2/5/2016   CHF    54.77
Notenstein Privatbank AG       5.20  11/4/2016   EUR    46.18
Vontobel Financial Product     8.15  3/29/2016   EUR    63.89
Vontobel Financial Product     9.90 12/28/2015   EUR    62.19
Vontobel Financial Product    12.85 12/28/2015   EUR    45.01
Vontobel Financial Product    10.30  3/29/2016   EUR    47.30
Vontobel Financial Product     8.60  6/24/2016   EUR    64.39
UniCredit Bank AG              5.20  5/24/2016   EUR    43.45
Deutsche Bank AG              11.20  9/20/2016   EUR    51.60
Deutsche Bank AG               9.20  9/20/2016   EUR    48.10
Deutsche Bank AG               8.20  9/20/2016   EUR    47.20
DZ Bank AG Deutsche Zentra     8.80 12/23/2015   EUR    74.60
Deutsche Bank AG               8.20  6/21/2016   EUR    45.20
Commerzbank AG                10.75 12/24/2015   EUR    71.82
Deutsche Bank AG              11.20  6/21/2016   EUR    48.80
Commerzbank AG                14.75 12/24/2015   EUR    65.30
Deutsche Bank AG              11.20  3/22/2016   EUR    46.50
HSBC Trinkaus & Burkhardt      7.60  6/24/2016   EUR    66.04
HSBC Trinkaus & Burkhardt     12.20  9/23/2016   EUR    62.62
HSBC Trinkaus & Burkhardt     10.40  9/23/2016   EUR    63.70
HSBC Trinkaus & Burkhardt      7.10  9/23/2016   EUR    66.82
HSBC Trinkaus & Burkhardt     10.20  2/26/2016   EUR    62.17
Commerzbank AG                 8.25 12/24/2015   EUR    50.33
Commerzbank AG                 7.25 12/24/2015   EUR    72.54
Commerzbank AG                 9.50 12/24/2015   EUR    69.27
HSBC Trinkaus & Burkhardt     10.90  6/24/2016   EUR    71.03
HSBC Trinkaus & Burkhardt     12.20  9/23/2016   EUR    70.73
HSBC Trinkaus & Burkhardt      9.70  9/23/2016   EUR    72.40
HSBC Trinkaus & Burkhardt      7.40  9/23/2016   EUR    74.70
HSBC Trinkaus & Burkhardt      7.90 12/23/2016   EUR    74.38
HSBC Trinkaus & Burkhardt      8.50  5/27/2016   EUR    73.30
Commerzbank AG                 5.00 12/24/2015   EUR    62.00
Commerzbank AG                 6.75 12/24/2015   EUR    58.82
Commerzbank AG                 8.75 12/24/2015   EUR    55.99
Commerzbank AG                 7.50 12/24/2015   EUR    55.09
HSBC Trinkaus & Burkhardt     11.40  6/24/2016   EUR    59.42
HSBC Trinkaus & Burkhardt      6.90 12/23/2016   EUR    63.96
HSBC Trinkaus & Burkhardt      7.20  6/24/2016   EUR    50.36
UniCredit Bank AG              4.50  3/24/2016   EUR    55.78
UniCredit Bank AG              4.60  3/24/2016   EUR    55.37
HSBC Trinkaus & Burkhardt      8.20  5/27/2016   EUR    48.64
UniCredit Bank AG              4.30  3/24/2016   EUR    56.87
UniCredit Bank AG              4.25  3/24/2016   EUR    57.22
UniCredit Bank AG              4.20  3/24/2016   EUR    57.52
UniCredit Bank AG              4.25  3/24/2016   EUR    57.44
UniCredit Bank AG              4.15  3/24/2016   EUR    57.84
UniCredit Bank AG              4.80  3/24/2016   EUR    54.39
UniCredit Bank AG              4.90  3/24/2016   EUR    53.94
UniCredit Bank AG              4.50  3/24/2016   EUR    55.87
Vontobel Financial Product     4.35  6/17/2016   EUR    48.81
Vontobel Financial Product     9.20  3/29/2016   EUR    44.16
HSBC Trinkaus & Burkhardt     17.30 12/28/2015   EUR    71.45
HSBC Trinkaus & Burkhardt     12.20 12/28/2015   EUR    77.90
Zurcher Kantonalbank Finan     9.00  1/21/2016   EUR    57.21
UBS AG                         6.40  2/12/2016   EUR    49.18
DZ Bank AG Deutsche Zentra     4.90 12/21/2015   EUR    61.03
Goldman Sachs & Co Wertpap    10.00  6/22/2016   EUR    60.00
UBS AG                         9.30 11/11/2016   EUR    62.86
UBS AG/London                 10.75   5/9/2016   CHF    60.93
Vontobel Financial Product     9.60 12/28/2015   EUR    62.15
Vontobel Financial Product     6.25 12/28/2015   EUR    67.75
DZ Bank AG Deutsche Zentra     5.20 12/21/2015   EUR    48.37
DZ Bank AG Deutsche Zentra     5.10  3/21/2016   EUR    49.63
DZ Bank AG Deutsche Zentra     5.60  6/20/2016   EUR    51.74
DZ Bank AG Deutsche Zentra     6.10  6/20/2016   EUR    51.09
DZ Bank AG Deutsche Zentra     3.00 12/18/2015   EUR    64.83
Vontobel Financial Product     9.55 12/28/2015   EUR    60.38
DekaBank Deutsche Girozent     3.20  1/14/2019   EUR    67.36
Landesbank Hessen-Thuering     3.25  7/15/2016   EUR    63.70
Zurcher Kantonalbank Finan     9.00 11/21/2016   CHF    55.85
DZ Bank AG Deutsche Zentra     5.00   2/6/2018   EUR    57.13
Commerzbank AG                 9.50 12/24/2015   EUR    49.94
Landesbank Hessen-Thuering     7.40  6/12/2020   EUR    57.38
Commerzbank AG                11.50 12/24/2015   EUR    56.37
UBS AG/London                  7.50   5/9/2016   CHF    74.67
Vontobel Financial Product     7.65  6/24/2016   EUR    58.61
Vontobel Financial Product     4.60  6/24/2016   EUR    63.29
WGZ-Bank AG Westdeutsche G     4.75 12/22/2015   EUR    67.36
Goldman Sachs & Co Wertpap    18.00 12/23/2015   EUR    58.03
Goldman Sachs & Co Wertpap    18.00  2/24/2016   EUR    58.94
Goldman Sachs & Co Wertpap    19.00  3/23/2016   EUR    58.63
Goldman Sachs & Co Wertpap     7.00  5/25/2016   EUR    68.38
Vontobel Financial Product     9.70 12/28/2015   EUR    78.06
Vontobel Financial Product     4.45 12/28/2015   EUR    67.59
Zurcher Kantonalbank Finan    10.00   8/3/2016   EUR    58.18
Vontobel Financial Product     6.50  2/26/2016   EUR    50.63
Deutsche Bank AG               5.20 12/23/2015   EUR    54.43
Deutsche Bank AG               5.20 12/23/2015   EUR    74.96
Deutsche Bank AG               6.20 12/23/2015   EUR    57.55
UBS AG/London                  9.00 12/28/2015   CHF    56.65
Vontobel Financial Product     6.55   1/5/2016   EUR    54.49
WGZ-Bank AG Westdeutsche G     3.40 12/22/2015   EUR    68.26
Goldman Sachs & Co Wertpap    20.00  1/20/2016   EUR    57.60
Leonteq Securities AG         15.20  1/26/2016   AUD    51.37
Commerzbank AG                 8.00  1/21/2016   EUR    50.37
Commerzbank AG                 2.00   2/3/2016   EUR    49.05
UBS AG/London                  9.00 12/28/2015   CHF    66.40
BNP Paribas Emissions- und    13.00 12/24/2015   EUR    59.79
BNP Paribas Emissions- und     5.50  3/24/2016   EUR    71.84
BNP Paribas Emissions- und     7.00  3/24/2016   EUR    69.15
BNP Paribas Emissions- und    11.00  3/24/2016   EUR    62.24
BNP Paribas Emissions- und     6.50  6/23/2016   EUR    72.01
UniCredit Bank AG              4.00  3/24/2016   EUR    61.55
UniCredit Bank AG              4.75  3/24/2016   EUR    66.07
UniCredit Bank AG              5.25  3/24/2016   EUR    62.77
UniCredit Bank AG              4.25  3/24/2016   EUR    67.42
UniCredit Bank AG              4.80  3/24/2016   EUR    65.39
UniCredit Bank AG              4.00  3/24/2016   EUR    69.69
BNP Paribas Emissions- und     5.00  6/23/2016   EUR    70.50
BNP Paribas Emissions- und     9.00  3/24/2016   EUR    77.09
BNP Paribas Emissions- und    13.00 12/24/2015   EUR    73.26
BNP Paribas Emissions- und    11.00  6/23/2016   EUR    74.88
BNP Paribas Emissions- und    12.00  6/23/2016   EUR    73.24
BNP Paribas Emissions- und     9.00  6/23/2016   EUR    76.90
BNP Paribas Emissions- und     9.00  6/23/2016   EUR    74.67
LBBW                           2.55  7/26/2019   EUR    64.75
Credit Suisse AG/Nassau        8.00  7/18/2016   EUR    52.20
DZ Bank AG Deutsche Zentra     8.25 12/21/2015   EUR    64.31
DZ Bank AG Deutsche Zentra     9.75 12/21/2015   EUR    64.48
Deutsche Bank AG               5.00  2/11/2016   EUR    62.86
Vontobel Financial Product    10.35   2/8/2016   EUR    74.42
DZ Bank AG Deutsche Zentra    10.00  6/20/2016   EUR    67.31
DZ Bank AG Deutsche Zentra     8.75  6/20/2016   EUR    66.55
DZ Bank AG Deutsche Zentra     8.00  6/20/2016   EUR    66.09
DZ Bank AG Deutsche Zentra     6.50  9/19/2016   EUR    66.52
DZ Bank AG Deutsche Zentra     7.50  9/19/2016   EUR    67.38
DZ Bank AG Deutsche Zentra    10.00 12/21/2015   EUR    45.00
DZ Bank AG Deutsche Zentra     8.25 12/21/2015   EUR    44.81
DZ Bank AG Deutsche Zentra     5.75 12/21/2015   EUR    44.53
DZ Bank AG Deutsche Zentra     9.75  6/20/2016   EUR    49.39
Goldman Sachs & Co Wertpap    14.00 11/25/2015   EUR    58.86
Goldman Sachs & Co Wertpap    14.00 11/25/2015   EUR    58.86
Goldman Sachs & Co Wertpap     6.00  2/24/2016   EUR    59.93
Goldman Sachs & Co Wertpap     6.00  3/23/2016   EUR    60.30
Goldman Sachs & Co Wertpap     6.00  6/22/2016   EUR    60.05
Goldman Sachs & Co Wertpap     9.00  1/20/2016   EUR    65.62
Goldman Sachs & Co Wertpap     6.00  2/24/2016   EUR    71.92
Goldman Sachs & Co Wertpap    21.00  2/24/2016   EUR    54.08
Goldman Sachs & Co Wertpap    10.00  3/23/2016   EUR    64.55
Goldman Sachs & Co Wertpap    10.00  6/22/2016   EUR    65.20
DZ Bank AG Deutsche Zentra     6.60  3/21/2016   EUR    72.23
DZ Bank AG Deutsche Zentra     7.10  3/21/2016   EUR    70.33
DZ Bank AG Deutsche Zentra     7.20  6/20/2016   EUR    70.51
DZ Bank AG Deutsche Zentra     5.80  9/19/2016   EUR    70.71
DZ Bank AG Deutsche Zentra     7.30 12/21/2015   EUR    73.50
DZ Bank AG Deutsche Zentra     7.90 12/21/2015   EUR    71.15
DZ Bank AG Deutsche Zentra     8.50 12/21/2015   EUR    69.04
DZ Bank AG Deutsche Zentra     5.30 12/21/2015   EUR    52.29
DZ Bank AG Deutsche Zentra     5.00  3/21/2016   EUR    53.49
DZ Bank AG Deutsche Zentra     4.50  6/20/2016   EUR    54.92
DZ Bank AG Deutsche Zentra     4.70  9/19/2016   EUR    55.17
UniCredit Bank AG              3.30  6/23/2016   EUR    55.38
Commerzbank AG                11.50  1/21/2016   EUR    61.94
Commerzbank AG                 7.25  1/21/2016   EUR    67.68
Commerzbank AG                 8.25  1/21/2016   EUR    66.12
Commerzbank AG                 9.25  1/21/2016   EUR    64.64
Commerzbank AG                 5.25  1/21/2016   EUR    57.50
Commerzbank AG                 6.25  1/21/2016   EUR    56.21
Commerzbank AG                 7.25  1/21/2016   EUR    55.00
Commerzbank AG                 8.25  1/21/2016   EUR    53.86
Commerzbank AG                 6.00  1/21/2016   EUR    62.43
Commerzbank AG                 7.25  1/21/2016   EUR    61.11
Commerzbank AG                 8.25  1/21/2016   EUR    59.81
BNP Paribas Emissions- und     5.40  2/25/2016   EUR    49.72
Societe Generale Effekten      4.45   1/6/2016   EUR    68.88
Societe Generale Effekten      7.81   7/1/2016   EUR    68.70
Societe Generale Effekten      9.86   7/1/2016   EUR    66.41
Societe Generale Effekten      6.93   1/6/2016   EUR    60.38
Societe Generale Effekten      8.76   1/6/2016   EUR    57.52
Societe Generale Effekten     10.64   7/1/2016   EUR    63.23
Societe Generale Effekten     12.56   7/1/2016   EUR    61.16
Societe Generale Effekten      6.46   7/1/2016   EUR    58.54
Leonteq Securities AG         11.00   1/9/2017   EUR    57.48
DZ Bank AG Deutsche Zentra     8.75  6/24/2016   EUR    71.86
DZ Bank AG Deutsche Zentra    11.25  6/24/2016   EUR    68.82
DZ Bank AG Deutsche Zentra    13.25  6/24/2016   EUR    67.77
DZ Bank AG Deutsche Zentra     8.50  9/23/2016   EUR    68.99
DZ Bank AG Deutsche Zentra     6.75  6/24/2016   EUR    71.66
DZ Bank AG Deutsche Zentra    12.50  3/29/2016   EUR    68.04
DZ Bank AG Deutsche Zentra    10.75  6/24/2016   EUR    67.88
DZ Bank AG Deutsche Zentra     5.00  6/24/2016   EUR    53.60
Deutsche Bank AG               4.20 12/22/2015   EUR    75.20
Deutsche Bank AG               5.20  6/21/2016   EUR    73.70
Commerzbank AG                 6.50  1/21/2016   EUR    73.98
Deutsche Bank AG               4.20  6/21/2016   EUR    73.00
Deutsche Bank AG               4.20  3/22/2016   EUR    73.10
Deutsche Bank AG               6.20  6/21/2016   EUR    74.30
Notenstein Privatbank AG       8.00   2/6/2017   EUR    60.08
Societe Generale Effekten      4.59   1/6/2016   EUR    68.66
Societe Generale Effekten      6.37   1/6/2016   EUR    65.14
Societe Generale Effekten      7.10   7/1/2016   EUR    68.35
Leonteq Securities AG         11.80   2/6/2017   USD    53.98
Leonteq Securities AG          9.00   2/9/2016   EUR    50.84
BNP Paribas Emissions- und     6.00 12/24/2015   EUR    58.06
BNP Paribas Emissions- und     6.50 12/24/2015   EUR    56.49
BNP Paribas Emissions- und     8.50 12/24/2015   EUR    53.71
BNP Paribas Emissions- und    10.00 12/24/2015   EUR    52.50
BNP Paribas Emissions- und    11.00 12/24/2015   EUR    51.30
BNP Paribas Emissions- und    12.00 12/24/2015   EUR    50.17
BNP Paribas Emissions- und     3.50  3/24/2016   EUR    64.28
BNP Paribas Emissions- und     4.00  3/24/2016   EUR    62.52
BNP Paribas Emissions- und     4.50  3/24/2016   EUR    60.87
BNP Paribas Emissions- und     7.50 12/22/2016   EUR    58.08
Societe Generale Effekten      8.94   7/1/2016   EUR    66.64
DekaBank Deutsche Girozent     3.00  6/30/2017   EUR    59.44
DekaBank Deutsche Girozent     1.80 12/23/2015   EUR    55.93
Leonteq Securities AG          7.20  4/24/2017   EUR    50.05
HSBC Trinkaus & Burkhardt     13.00  6/24/2016   EUR    60.44
HSBC Trinkaus & Burkhardt     11.00  6/24/2016   EUR    61.92
HSBC Trinkaus & Burkhardt      9.00  6/24/2016   EUR    63.66
UBS AG                         4.00 12/23/2016   EUR    71.66
Commerzbank AG                 9.25  3/24/2016   EUR    72.25
DekaBank Deutsche Girozent     4.90   9/2/2016   EUR    59.51
Commerzbank AG                 5.00  3/24/2016   EUR    63.62
Commerzbank AG                 5.00  3/24/2016   EUR    45.95
Commerzbank AG                 7.00  3/24/2016   EUR    44.37
Commerzbank AG                 9.25  3/24/2016   EUR    43.11
Commerzbank AG                 5.00  3/24/2016   EUR    48.57
Commerzbank AG                 7.25  3/24/2016   EUR    47.02
Deutsche Bank AG               9.20 12/20/2016   EUR    66.60
DekaBank Deutsche Girozent     3.90  5/18/2016   EUR    71.42
DZ Bank AG Deutsche Zentra     5.25  9/23/2016   EUR    72.58
DZ Bank AG Deutsche Zentra    14.50  1/22/2016   EUR    68.80
DZ Bank AG Deutsche Zentra    11.25  1/22/2016   EUR    55.12
DZ Bank AG Deutsche Zentra    13.25  1/22/2016   EUR    68.69
DZ Bank AG Deutsche Zentra     8.00  1/22/2016   EUR    61.89
DZ Bank AG Deutsche Zentra    11.00  1/22/2016   EUR    50.96
DZ Bank AG Deutsche Zentra     6.50  3/29/2016   EUR    51.25
LBBW                           3.00  7/22/2016   EUR    63.16
LBBW                           4.50  7/22/2016   EUR    60.98
Vontobel Financial Product     3.25  6/24/2016   EUR    57.38
Vontobel Financial Product    10.40  1/22/2016   EUR    61.78
Vontobel Financial Product    10.40  1/22/2016   EUR    61.93
Vontobel Financial Product     7.00  8/26/2016   EUR    73.62
Vontobel Financial Product    10.45 12/28/2015   EUR    48.92
Vontobel Financial Product     8.20  3/29/2016   EUR    50.72
Vontobel Financial Product     8.00  6/24/2016   EUR    52.30
Vontobel Financial Product     6.90  9/23/2016   EUR    53.32
Vontobel Financial Product     3.10  6/24/2016   EUR    55.77
Vontobel Financial Product     3.00  9/23/2016   EUR    56.38
Vontobel Financial Product     3.20  7/22/2016   EUR    63.25
Vontobel Financial Product     4.75  7/22/2016   EUR    61.10
Leonteq Securities AG         10.00  7/28/2016   EUR    56.65
Notenstein Privatbank AG       6.70  7/24/2017   EUR    58.78
Leonteq Securities AG          9.40 10/24/2016   EUR    54.74
Leonteq Securities AG         20.00  4/27/2016   USD    70.30
LBBW                           3.00  7/22/2016   EUR    56.00
LBBW                           4.00  7/22/2016   EUR    54.67
LBBW                           5.00  7/22/2016   EUR    53.82
LBBW                           3.00  7/22/2016   EUR    71.59
LBBW                           4.50  7/22/2016   EUR    69.57
Vontobel Financial Product     8.30  3/29/2016   EUR    51.95
LBBW                           3.40  8/24/2018   EUR    61.60
Goldman Sachs & Co Wertpap     4.00  9/21/2016   EUR    70.07
Goldman Sachs & Co Wertpap     4.00 12/21/2016   EUR    70.35
Goldman Sachs & Co Wertpap     4.00  3/22/2017   EUR    70.52
Goldman Sachs & Co Wertpap     5.00  6/21/2017   EUR    71.23
Goldman Sachs & Co Wertpap     4.00  4/20/2016   EUR    50.58
Goldman Sachs & Co Wertpap     7.00  4/20/2016   EUR    51.91
Goldman Sachs & Co Wertpap    12.00  5/25/2016   EUR    54.95
Goldman Sachs & Co Wertpap    11.00  6/22/2016   EUR    55.27
Goldman Sachs & Co Wertpap    11.00  6/22/2016   EUR    55.27
Goldman Sachs & Co Wertpap     6.00  7/20/2016   EUR    52.66
Goldman Sachs & Co Wertpap     6.00  8/24/2016   EUR    53.23
Goldman Sachs & Co Wertpap     6.00  6/21/2017   EUR    57.21
Goldman Sachs & Co Wertpap    16.00 12/23/2015   EUR    72.35
Goldman Sachs & Co Wertpap     4.00  2/24/2016   EUR    71.12
Goldman Sachs & Co Wertpap     4.00  3/23/2016   EUR    71.10
Goldman Sachs & Co Wertpap     6.00  4/20/2016   EUR    72.14
Goldman Sachs & Co Wertpap     4.00  6/22/2016   EUR    69.55
Goldman Sachs & Co Wertpap     7.00  6/22/2016   EUR    71.43
Goldman Sachs & Co Wertpap     7.00  7/20/2016   EUR    71.82
Goldman Sachs & Co Wertpap     8.00  7/20/2016   EUR    72.51
Goldman Sachs & Co Wertpap     4.00  8/24/2016   EUR    69.93
Goldman Sachs & Co Wertpap     7.00  8/24/2016   EUR    72.29
Goldman Sachs & Co Wertpap     8.00  8/24/2016   EUR    73.14
DZ Bank AG Deutsche Zentra     9.75 12/21/2015   EUR    44.98
DZ Bank AG Deutsche Zentra     7.25  3/21/2016   EUR    46.50
DZ Bank AG Deutsche Zentra     8.75  6/20/2016   EUR    48.78
DZ Bank AG Deutsche Zentra     5.40 12/21/2015   EUR    55.23
DZ Bank AG Deutsche Zentra     5.20  3/21/2016   EUR    56.49
DZ Bank AG Deutsche Zentra     5.30  6/20/2016   EUR    57.34
DZ Bank AG Deutsche Zentra     4.90  9/19/2016   EUR    58.17
HSBC Trinkaus & Burkhardt      8.65  6/17/2016   EUR    54.37
Goldman Sachs & Co Wertpap    22.00  1/20/2016   EUR    43.39
Goldman Sachs & Co Wertpap    22.00  2/24/2016   EUR    63.64
Goldman Sachs & Co Wertpap    17.00  6/22/2016   EUR    49.77
Vontobel Financial Product     8.45 12/28/2015   EUR    54.71
Vontobel Financial Product     8.75  3/11/2016   EUR    71.70
Vontobel Financial Product     6.85 12/28/2015   EUR    70.03
Vontobel Financial Product    11.50 12/28/2015   EUR    57.33
Vontobel Financial Product     6.30 12/11/2015   EUR    47.97
UniCredit Bank AG              4.00  6/24/2016   EUR    59.60
UniCredit Bank AG              4.00  6/24/2016   EUR    50.66
Commerzbank AG                 5.00  1/21/2016   EUR    49.86
Commerzbank AG                 6.00  1/21/2016   EUR    60.70
Deutsche Bank AG               3.20 12/22/2015   EUR    54.40
Deutsche Bank AG               3.20  3/22/2016   EUR    55.20
BNP Paribas Emissions- und     3.50  1/21/2016   EUR    75.07
BNP Paribas Emissions- und     7.00  7/21/2016   EUR    72.44
BNP Paribas Emissions- und     4.00 10/27/2016   EUR    77.20
BNP Paribas Emissions- und     4.50 10/27/2016   EUR    75.37
BNP Paribas Emissions- und     6.00 10/27/2016   EUR    72.71
BNP Paribas Emissions- und     3.00  1/26/2017   EUR    76.46
BNP Paribas Emissions- und     4.50  1/26/2017   EUR    76.11
BNP Paribas Emissions- und     4.00  7/27/2017   EUR    75.39
BNP Paribas Emissions- und     4.50  7/27/2017   EUR    75.86
Deutsche Bank AG               4.20 11/25/2015   EUR    61.20
Deutsche Bank AG               4.20 11/25/2015   EUR    58.60
Deutsche Bank AG               4.20 11/25/2015   EUR    54.20
Commerzbank AG                 8.50 12/24/2015   EUR    66.95
Commerzbank AG                 6.50  1/21/2016   EUR    70.73
Commerzbank AG                 9.25  1/21/2016   EUR    65.95
Commerzbank AG                12.25  1/21/2016   EUR    61.82
Commerzbank AG                 8.00 12/24/2015   EUR    71.93
Commerzbank AG                 8.00 12/24/2015   EUR    52.83
Commerzbank AG                 6.50 12/24/2015   EUR    49.60
DZ Bank AG Deutsche Zentra     6.25  2/26/2016   EUR    77.16
Deutsche Bank AG               3.20 11/25/2015   EUR    57.30
Deutsche Bank AG               3.20 11/25/2015   EUR    54.20
Deutsche Bank AG               3.20 12/22/2015   EUR    57.60
Deutsche Bank AG               3.20  3/22/2016   EUR    58.40
Deutsche Bank AG               3.20 11/25/2015   EUR    64.10
Deutsche Bank AG               3.20 12/22/2015   EUR    64.30
Deutsche Bank AG               3.20  3/22/2016   EUR    64.80
Deutsche Bank AG               3.20  3/22/2016   EUR    62.00
BNP Paribas Emissions- und     4.00  7/21/2016   EUR    77.16
BNP Paribas Emissions- und     4.50  7/21/2016   EUR    75.03
Deutsche Bank AG               4.20 11/25/2015   EUR    74.90
Deutsche Bank AG               4.20 11/25/2015   EUR    51.40
Commerzbank AG                 5.75 12/24/2015   EUR    72.43
Commerzbank AG                11.75 12/24/2015   EUR    62.33
Vontobel Financial Product    13.55 12/28/2015   EUR    61.09
Commerzbank AG                 9.50 12/24/2015   EUR    56.15
DZ Bank AG Deutsche Zentra     5.90 12/21/2015   EUR    54.31
DZ Bank AG Deutsche Zentra     5.60  3/21/2016   EUR    55.66
Vontobel Financial Product     6.00   2/4/2016   EUR    56.28
Deutsche Bank AG               6.20  3/22/2016   EUR    58.20
Deutsche Bank AG               5.20  3/22/2016   EUR    57.80
Deutsche Bank AG               6.20 11/25/2015   EUR    48.90
Deutsche Bank AG               5.20 11/25/2015   EUR    48.80
Deutsche Bank AG               6.20 12/22/2015   EUR    49.40
Deutsche Bank AG               5.20  3/22/2016   EUR    50.60
Commerzbank AG                12.25  6/23/2016   EUR    73.45
Deutsche Bank AG               7.20 11/25/2015   EUR    67.40
Deutsche Bank AG               7.20  3/22/2016   EUR    74.20
Deutsche Bank AG               7.20  3/22/2016   EUR    69.50
Deutsche Bank AG               7.20 11/25/2015   EUR    56.30
Deutsche Bank AG               7.20 11/25/2015   EUR    54.00
Deutsche Bank AG               7.20  3/22/2016   EUR    58.50
Deutsche Bank AG               7.20  3/22/2016   EUR    56.30
Deutsche Bank AG               7.20 11/25/2015   EUR    46.60
Deutsche Bank AG               7.20 12/22/2015   EUR    49.50
Deutsche Bank AG               7.20 12/22/2015   EUR    47.20
Deutsche Bank AG               7.20  3/22/2016   EUR    51.30
Deutsche Bank AG               7.20  3/22/2016   EUR    49.00
DZ Bank AG Deutsche Zentra     5.50  2/26/2016   EUR    55.51
DZ Bank AG Deutsche Zentra     5.50  2/26/2016   EUR    50.82
DZ Bank AG Deutsche Zentra     5.00  2/26/2016   EUR    64.78
DZ Bank AG Deutsche Zentra     5.50 12/28/2015   EUR    52.99
Vontobel Financial Product     6.70   2/9/2016   EUR    49.64
DZ Bank AG Deutsche Zentra     7.20 12/21/2015   EUR    74.92
DZ Bank AG Deutsche Zentra     8.25  6/20/2016   EUR    68.49
DZ Bank AG Deutsche Zentra     4.70  6/20/2016   EUR    57.93
DZ Bank AG Deutsche Zentra     5.20  9/19/2016   EUR    57.52
Deutsche Bank AG               5.20 11/25/2015   EUR    58.60
Deutsche Bank AG               6.20 11/25/2015   EUR    58.70
Deutsche Bank AG               5.20 11/25/2015   EUR    51.40
Deutsche Bank AG               6.20 11/25/2015   EUR    51.50
Deutsche Bank AG               5.20 12/22/2015   EUR    49.20
Deutsche Bank AG               6.20  3/22/2016   EUR    50.90
Commerzbank AG                 8.25  6/23/2016   EUR    77.72
Commerzbank AG                10.25  6/23/2016   EUR    75.46
Deutsche Bank AG               7.20 11/25/2015   EUR    72.30
Deutsche Bank AG               7.20 11/25/2015   EUR    49.00
Leonteq Securities AG          9.00  2/16/2016   EUR    72.73
BNP Paribas Emissions- und     6.00  7/21/2016   EUR    78.56
BNP Paribas Emissions- und     6.50  7/21/2016   EUR    75.60
BNP Paribas Emissions- und     5.00  1/21/2016   EUR    77.87
BNP Paribas Emissions- und     6.50  1/21/2016   EUR    75.27
UBS AG/London                  6.50   7/8/2016   CHF    47.03
BNP Paribas Emissions- und     6.00  1/21/2016   EUR    52.52
DZ Bank AG Deutsche Zentra     5.10  3/21/2016   EUR    51.58
DZ Bank AG Deutsche Zentra     6.00  3/21/2016   EUR    50.93
DZ Bank AG Deutsche Zentra     8.50 12/21/2015   EUR    61.59
DZ Bank AG Deutsche Zentra     7.30  3/21/2016   EUR    63.09
DZ Bank AG Deutsche Zentra     5.20 12/21/2015   EUR    51.30
DZ Bank AG Deutsche Zentra     5.60 12/21/2015   EUR    50.37
DZ Bank AG Deutsche Zentra     6.60 12/21/2015   EUR    49.50
Vontobel Financial Product     7.00  2/26/2016   EUR    47.44
Vontobel Financial Product     8.00  2/26/2016   EUR    49.60
HSBC Trinkaus & Burkhardt      5.50  1/31/2017   EUR    56.52
Vontobel Financial Product     7.85 12/11/2015   EUR    67.83
Vontobel Financial Product     5.65 12/11/2015   EUR    72.35
Vontobel Financial Product     5.50  3/11/2016   EUR    72.17
Vontobel Financial Product     7.25  3/11/2016   EUR    68.61
DZ Bank AG Deutsche Zentra     6.75 12/28/2015   EUR    49.65
Goldman Sachs & Co Wertpap    11.00  4/20/2016   EUR    74.36
Deutsche Bank AG               6.20  1/19/2016   EUR    73.10
Goldman Sachs & Co Wertpap     8.00  5/25/2016   EUR    71.57
Deutsche Bank AG               4.20  1/19/2016   EUR    72.70
Goldman Sachs & Co Wertpap    11.00  7/20/2016   EUR    74.36
Deutsche Bank AG               5.20  1/19/2016   EUR    72.90
Goldman Sachs & Co Wertpap     5.00  8/24/2016   EUR    70.67
Goldman Sachs & Co Wertpap     6.00  8/24/2016   EUR    71.52
Goldman Sachs & Co Wertpap    10.00  8/24/2016   EUR    74.80
Goldman Sachs & Co Wertpap    10.00  8/24/2016   EUR    74.72
Goldman Sachs & Co Wertpap     3.00  8/24/2016   EUR    46.48
Goldman Sachs & Co Wertpap     4.00  8/24/2016   EUR    47.27
Goldman Sachs & Co Wertpap     7.00  8/24/2016   EUR    49.64
Goldman Sachs & Co Wertpap     8.00  8/24/2016   EUR    50.42
Goldman Sachs & Co Wertpap    10.00  8/24/2016   EUR    52.00
Goldman Sachs & Co Wertpap     5.00 12/21/2016   EUR    49.64
DZ Bank AG Deutsche Zentra    12.00 12/18/2015   EUR    69.00
Deutsche Bank AG               5.20  1/19/2016   EUR    64.90
Deutsche Bank AG               4.20  1/19/2016   EUR    64.70
Deutsche Bank AG               6.20  1/19/2016   EUR    65.10
Deutsche Bank AG               4.20  1/19/2016   EUR    61.80
Deutsche Bank AG               5.20  1/19/2016   EUR    62.00
Deutsche Bank AG               6.20  1/19/2016   EUR    62.20
Deutsche Bank AG               4.20  1/19/2016   EUR    59.20
Deutsche Bank AG               5.20  1/19/2016   EUR    59.40
Deutsche Bank AG               6.20  1/19/2016   EUR    59.60
UBS AG                         8.00  9/23/2016   EUR    73.94
UBS AG                         5.50  9/23/2016   EUR    55.21
Vontobel Financial Product     7.55  2/26/2016   EUR    49.98
Vontobel Financial Product     7.65  2/26/2016   EUR    49.94
Bank Julius Baer & Co Ltd/    12.00   2/5/2016   USD    51.95
Deutsche Bank AG               5.20 12/22/2015   EUR    64.50
Deutsche Bank AG               6.20 12/22/2015   EUR    64.70
Deutsche Bank AG               4.20 12/22/2015   EUR    64.40
Deutsche Bank AG               6.20 12/22/2015   EUR    61.80
Deutsche Bank AG               4.20 12/22/2015   EUR    61.50
Deutsche Bank AG               5.20 12/22/2015   EUR    61.60
Deutsche Bank AG               4.20 12/22/2015   EUR    58.90
Deutsche Bank AG               6.20  3/22/2016   EUR    65.90
Deutsche Bank AG               5.20  3/22/2016   EUR    65.50
Deutsche Bank AG               4.20  3/22/2016   EUR    65.20
Deutsche Bank AG               6.20  3/22/2016   EUR    63.10
Deutsche Bank AG               4.20  3/22/2016   EUR    62.40
Deutsche Bank AG               5.20  3/22/2016   EUR    62.70
Deutsche Bank AG               5.20  3/22/2016   EUR    60.20
Deutsche Bank AG               6.20  3/22/2016   EUR    60.50
Deutsche Bank AG               4.20  3/22/2016   EUR    59.80
Deutsche Bank AG               5.20  6/21/2016   EUR    64.60
Deutsche Bank AG               6.20  6/21/2016   EUR    65.20
Deutsche Bank AG               4.20  6/21/2016   EUR    63.90
Deutsche Bank AG               6.20  6/21/2016   EUR    62.60
Deutsche Bank AG               4.20  6/21/2016   EUR    61.30
Deutsche Bank AG               5.20  6/21/2016   EUR    61.90
Deutsche Bank AG               4.20  6/21/2016   EUR    58.90
Deutsche Bank AG               5.20  6/21/2016   EUR    59.50
Deutsche Bank AG               6.20  6/21/2016   EUR    60.10
Bank Julius Baer & Co Ltd/     9.80   2/5/2016   EUR    57.30
Deutsche Bank AG               4.20 12/22/2015   EUR    54.50
Deutsche Bank AG               4.20 12/22/2015   EUR    51.70
Deutsche Bank AG               4.20  3/22/2016   EUR    55.60
Deutsche Bank AG               6.20  3/22/2016   EUR    53.50
Deutsche Bank AG               5.20  3/22/2016   EUR    53.10
Deutsche Bank AG               4.20  3/22/2016   EUR    52.70
Deutsche Bank AG               4.20  6/21/2016   EUR    56.00
Deutsche Bank AG               4.20  6/21/2016   EUR    53.20
Deutsche Bank AG               6.20  6/21/2016   EUR    54.40
Deutsche Bank AG               5.20  6/21/2016   EUR    53.80
Deutsche Bank AG               4.20  1/19/2016   EUR    54.80
Deutsche Bank AG               5.20  1/19/2016   EUR    55.10
Deutsche Bank AG               4.20  1/19/2016   EUR    52.00
Deutsche Bank AG               6.20  1/19/2016   EUR    52.40
Deutsche Bank AG               5.20  1/19/2016   EUR    52.20
BNP Paribas Emissions- und     9.00  3/24/2016   EUR    74.85
UBS AG                        11.50  9/23/2016   EUR    72.26
UBS AG                        12.50  9/23/2016   EUR    70.26
UBS AG                         4.25  9/23/2016   EUR    71.09
UBS AG                         6.25  9/23/2016   EUR    78.47
UBS AG                        14.50  6/24/2016   EUR    68.57
UBS AG                         7.50  9/23/2016   EUR    53.49
UBS AG                        10.50  9/23/2016   EUR    73.43
UBS AG                         9.00  9/23/2016   EUR    75.19
UBS AG                         9.00  6/24/2016   EUR    72.97
UBS AG                        11.50  1/28/2016   AUD    45.35
Landesbank Hessen-Thuering     4.25  5/27/2016   EUR    69.40
Credit Suisse AG/Nassau        8.00  2/11/2016   EUR    48.06
DZ Bank AG Deutsche Zentra     8.25  3/29/2016   EUR    62.93
DZ Bank AG Deutsche Zentra     8.00  6/24/2016   EUR    64.09
Goldman Sachs & Co Wertpap    15.00 12/23/2015   EUR    72.30
Goldman Sachs & Co Wertpap    15.00  5/25/2016   EUR    72.68
Goldman Sachs & Co Wertpap    21.00  7/20/2016   EUR    71.19
Goldman Sachs & Co Wertpap    10.00  8/24/2016   EUR    75.31
Goldman Sachs & Co Wertpap    15.00  8/24/2016   EUR    73.52
Goldman Sachs & Co Wertpap    19.00  8/24/2016   EUR    71.65
Goldman Sachs & Co Wertpap    16.00 12/21/2016   EUR    74.35
DZ Bank AG Deutsche Zentra     8.25  3/29/2016   EUR    59.34
DZ Bank AG Deutsche Zentra     9.00  6/24/2016   EUR    60.05
DZ Bank AG Deutsche Zentra     9.75 12/28/2015   EUR    57.54
DZ Bank AG Deutsche Zentra     5.50  6/24/2016   EUR    51.67
DZ Bank AG Deutsche Zentra     5.75  6/24/2016   EUR    51.83
Societe Generale Effekten      6.23   1/6/2016   EUR    65.32
Societe Generale Effekten      3.75   1/6/2016   EUR    56.85
Societe Generale Effekten      4.75   7/1/2016   EUR    60.98
Landesbank Hessen-Thuering     8.25   3/6/2020   EUR    56.08
DZ Bank AG Deutsche Zentra     6.25  3/21/2016   EUR    51.01
DZ Bank AG Deutsche Zentra     5.75  3/21/2016   EUR    51.11
Leonteq Securities AG          6.00  2/20/2017   CHF    61.27
Vontobel Financial Product     6.00  6/10/2016   EUR    50.64
Commerzbank AG                 5.00  2/25/2016   EUR    49.48
Goldman Sachs & Co Wertpap    21.00  3/23/2016   EUR    64.98
DZ Bank AG Deutsche Zentra     8.00  3/29/2016   EUR    66.28
Commerzbank AG                 5.50 12/24/2015   EUR    73.44
Commerzbank AG                 7.50 12/24/2015   EUR    69.78
Commerzbank AG                 6.25  1/21/2016   EUR    72.06
Commerzbank AG                10.75  1/21/2016   EUR    65.86
Commerzbank AG                 8.50  6/23/2016   EUR    74.03
Commerzbank AG                10.50  6/23/2016   EUR    72.02
Commerzbank AG                11.75  6/23/2016   EUR    71.07
Commerzbank AG                 8.75  6/23/2016   EUR    74.80
Commerzbank AG                 9.50  6/23/2016   EUR    74.06
Commerzbank AG                10.50  6/23/2016   EUR    73.46
Commerzbank AG                 5.75  6/23/2016   EUR    55.84
Commerzbank AG                 6.75  6/23/2016   EUR    55.35
Commerzbank AG                 7.50  6/23/2016   EUR    54.76
Commerzbank AG                 6.25  6/23/2016   EUR    63.33
Commerzbank AG                 8.00  6/23/2016   EUR    61.34
Commerzbank AG                 9.25  6/23/2016   EUR    60.69
Commerzbank AG                10.25  6/23/2016   EUR    59.95
Vontobel Financial Product     6.00  8/26/2016   EUR    53.49
Vontobel Financial Product     6.25 12/11/2015   EUR    64.31
HSBC Trinkaus & Burkhardt      7.90 12/28/2015   EUR    68.25
HSBC Trinkaus & Burkhardt     12.80 12/28/2015   EUR    45.93
HSBC Trinkaus & Burkhardt     13.60 12/28/2015   EUR    68.77
HSBC Trinkaus & Burkhardt      9.40  1/22/2016   EUR    73.83
HSBC Trinkaus & Burkhardt      8.10 12/28/2015   EUR    62.10
HSBC Trinkaus & Burkhardt      9.10  3/25/2016   EUR    61.58
HSBC Trinkaus & Burkhardt      6.50 11/27/2015   EUR    64.20
HSBC Trinkaus & Burkhardt      9.70  1/22/2016   EUR    60.27
HSBC Trinkaus & Burkhardt      6.40  1/22/2016   EUR    65.12
HSBC Trinkaus & Burkhardt      7.40  1/22/2016   EUR    55.93
HSBC Trinkaus & Burkhardt     15.60 12/28/2015   EUR    67.16
HSBC Trinkaus & Burkhardt     10.30  1/22/2016   EUR    73.42
Vontobel Financial Product     3.10   4/8/2016   EUR    58.62
Vontobel Financial Product     3.70   4/8/2016   EUR    57.24
Vontobel Financial Product     6.15  6/10/2016   EUR    54.66
Vontobel Financial Product     6.85  6/10/2016   EUR    53.78
Vontobel Financial Product     7.60  6/10/2016   EUR    52.98
Vontobel Financial Product     6.65  6/10/2016   EUR    65.63
Vontobel Financial Product     9.05  6/10/2016   EUR    61.94
Vontobel Financial Product     8.00  12/7/2015   EUR    48.01
Commerzbank AG                 5.00  1/21/2016   EUR    55.24
BNP Paribas Emissions- und     5.00  3/24/2016   EUR    59.32
BNP Paribas Emissions- und     5.50  3/24/2016   EUR    57.87
BNP Paribas Emissions- und     7.00  3/24/2016   EUR    56.87
BNP Paribas Emissions- und     7.50  3/24/2016   EUR    55.59
BNP Paribas Emissions- und     6.50  6/23/2016   EUR    59.36
BNP Paribas Emissions- und     7.50  6/23/2016   EUR    57.01
BNP Paribas Emissions- und     9.50  6/23/2016   EUR    55.57
BNP Paribas Emissions- und    10.00  6/23/2016   EUR    54.64
BNP Paribas Emissions- und     4.00 12/22/2016   EUR    64.46
BNP Paribas Emissions- und     5.00 12/22/2016   EUR    62.29
BNP Paribas Emissions- und     6.00 12/22/2016   EUR    60.41
BNP Paribas Emissions- und     7.00 12/22/2016   EUR    58.79
BNP Paribas Emissions- und     8.00  3/24/2016   EUR    54.39
BNP Paribas Emissions- und     9.50  3/24/2016   EUR    53.62
BNP Paribas Emissions- und    10.00  3/24/2016   EUR    52.55
BNP Paribas Emissions- und     3.50  6/23/2016   EUR    64.47
BNP Paribas Emissions- und     4.00  6/23/2016   EUR    62.90
Commerzbank AG                 4.60   4/7/2016   EUR    52.82
Commerzbank AG                10.00 12/24/2015   EUR    66.55
Commerzbank AG                 8.50  1/21/2016   EUR    68.78
UBS AG/London                  4.30  3/11/2016   EUR    72.37
Commerzbank AG                 9.50  6/23/2016   EUR    73.01
Commerzbank AG                 7.75  6/23/2016   EUR    75.43
Commerzbank AG                 4.25  6/23/2016   EUR    57.26
Commerzbank AG                 5.00  6/23/2016   EUR    56.52
Commerzbank AG                 8.50  6/23/2016   EUR    54.36
Commerzbank AG                 9.25  6/23/2016   EUR    53.85
Commerzbank AG                 7.00  6/23/2016   EUR    62.22
Norddeutsche Landesbank Gi     4.75   6/3/2016   EUR    73.04
Vontobel Financial Product     3.75   9/9/2016   EUR    58.41
Vontobel Financial Product     3.90  6/17/2016   EUR    57.71
Vontobel Financial Product     4.75  6/17/2016   EUR    56.70
Vontobel Financial Product    22.75  6/24/2016   EUR    52.98
Vontobel Financial Product     8.65 12/28/2015   EUR    49.87
Vontobel Financial Product     9.80 12/28/2015   EUR    48.83
Goldman Sachs & Co Wertpap     9.00  2/24/2016   EUR    51.39
Goldman Sachs & Co Wertpap     9.00  2/24/2016   EUR    51.39
Goldman Sachs & Co Wertpap     9.00  3/23/2016   EUR    52.08
Goldman Sachs & Co Wertpap     9.00  3/23/2016   EUR    52.08
Goldman Sachs & Co Wertpap     9.00  6/22/2016   EUR    54.05
Vontobel Financial Product     6.00   2/5/2016   EUR    48.73
DZ Bank AG Deutsche Zentra     6.25  1/20/2016   EUR    49.97
DZ Bank AG Deutsche Zentra     7.00  3/29/2016   EUR    41.68
DZ Bank AG Deutsche Zentra     7.50  6/24/2016   EUR    63.59
Vontobel Financial Product     5.05  1/15/2016   EUR    58.37
Vontobel Financial Product     8.60 12/11/2015   EUR    54.31
Vontobel Financial Product     5.15  3/11/2016   EUR    59.20
Vontobel Financial Product     7.50  3/11/2016   EUR    56.17
Vontobel Financial Product     4.80 12/11/2015   EUR    67.37
Vontobel Financial Product     4.95  3/11/2016   EUR    68.23
Vontobel Financial Product     6.10  3/11/2016   EUR    65.60
HSBC Trinkaus & Burkhardt     10.00  1/22/2016   EUR    64.94
HSBC Trinkaus & Burkhardt      7.00  3/25/2016   EUR    51.25
HSBC Trinkaus & Burkhardt      7.50  1/22/2016   EUR    50.38
HSBC Trinkaus & Burkhardt      6.20  3/25/2016   EUR    65.92
HSBC Trinkaus & Burkhardt     13.50 12/28/2015   EUR    50.93
Vontobel Financial Product    11.85 12/11/2015   EUR    60.23
Commerzbank AG                 6.00  1/21/2016   EUR    68.20
DZ Bank AG Deutsche Zentra     8.10 12/21/2015   EUR    64.37
DZ Bank AG Deutsche Zentra     8.80 12/21/2015   EUR    63.10
DZ Bank AG Deutsche Zentra     7.50  3/21/2016   EUR    64.60
DZ Bank AG Deutsche Zentra     5.30  3/21/2016   EUR    54.58
DZ Bank AG Deutsche Zentra     9.25 12/21/2015   EUR    49.80
DZ Bank AG Deutsche Zentra     7.25  3/21/2016   EUR    51.37
DZ Bank AG Deutsche Zentra     9.50 12/21/2015   EUR    58.66
DZ Bank AG Deutsche Zentra     8.00 12/21/2015   EUR    58.49
BNP Paribas Emissions- und     9.50  3/24/2016   EUR    77.31
BNP Paribas Emissions- und    13.00  3/24/2016   EUR    71.18
BNP Paribas Emissions- und     8.00  6/23/2016   EUR    78.75
DZ Bank AG Deutsche Zentra     6.60 12/21/2015   EUR    66.47
DZ Bank AG Deutsche Zentra     5.60  3/21/2016   EUR    67.38
DZ Bank AG Deutsche Zentra     6.70  3/21/2016   EUR    65.60
DZ Bank AG Deutsche Zentra     6.10 12/21/2015   EUR    53.36
DZ Bank AG Deutsche Zentra     8.75  3/21/2016   EUR    60.66
DZ Bank AG Deutsche Zentra     7.75  3/21/2016   EUR    60.30
Commerzbank AG                10.50  1/21/2016   EUR    78.31
Commerzbank AG                12.75  1/21/2016   EUR    75.00
Commerzbank AG                11.50  1/21/2016   EUR    76.01
Commerzbank AG                10.25  1/21/2016   EUR    49.15
Vontobel Financial Product     7.65  5/27/2016   EUR    72.94
Commerzbank AG                 8.00  1/21/2016   EUR    57.41
Commerzbank AG                10.50  1/21/2016   EUR    59.74
UBS AG/London                 11.75 12/28/2015   CHF    74.65
BNP Paribas Emissions- und    14.00  3/24/2016   EUR    58.75
BNP Paribas Emissions- und     8.50  6/23/2016   EUR    67.37
Commerzbank AG                 3.75  1/21/2016   EUR    60.43
Commerzbank AG                 4.50  1/21/2016   EUR    58.92
Commerzbank AG                 4.00  1/21/2016   EUR    75.05
Commerzbank AG                 4.75  1/21/2016   EUR    73.07
Commerzbank AG                 5.50  1/21/2016   EUR    71.17
Commerzbank AG                 6.50  1/21/2016   EUR    69.42
Commerzbank AG                10.25  1/21/2016   EUR    63.24
Commerzbank AG                 4.25  1/21/2016   EUR    65.48
Commerzbank AG                 5.25  1/21/2016   EUR    63.94
Leonteq Securities AG         12.00  1/27/2016   AUD    49.79
Commerzbank AG                 7.25  1/21/2016   EUR    52.39
Leonteq Securities AG         10.20   2/2/2016   USD    62.22


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
however, be complete or accurate.  The Monday Bond Pricing table
is compiled on the Friday prior to publication.  Prices reported
are not intended to reflect actual trades.  Prices for actual
trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy or
sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers'
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies with
insolvent balance sheets whose shares trade higher than US$3 per
share in public markets.  At first glance, this list may look
like the definitive compilation of stocks that are ideal to sell
short.  Don't be fooled.  Assets, for example, reported at
historical cost net of depreciation may understate the true value
of a firm's assets.  A company may establish reserves on its
balance sheet for liabilities that may never materialize.  The
prices at which equity securities trade in public market are
determined by more than a balance sheet solvency test.

Each Friday's edition of the TCR includes a review about a book
of interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/booksto order any title today.


                            *********


S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter-Europe is a daily newsletter co-
published by Bankruptcy Creditors' Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Valerie U. Pascual, Marites O. Claro, Rousel Elaine T. Fernandez,
Joy A. Agravante, Ivy B. Magdadaro, and Peter A. Chapman,
Editors.

Copyright 2015.  All rights reserved.  ISSN 1529-2754.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.

Information contained herein is obtained from sources believed to
be reliable, but is not guaranteed.

The TCR Europe subscription rate is US$775 per half-year,
delivered via e-mail.  Additional e-mail subscriptions for
members of the same firm for the term of the initial subscription
or balance thereof are US$25 each.  For subscription information,
contact Peter Chapman at 215-945-7000 or Nina Novak at
202-362-8552.


                 * * * End of Transmission * * *