TCREUR_Public/161003.mbx         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, October 3, 2016, Vol. 17, No. 195


                            Headlines


B O S N I A

BH AIRLINES: Sarajevo Court Begins Bankruptcy Proceedings


F I N L A N D

TECNOTREE CORP: Administrator Files Restructuring Program


G E O R G I A

BANK OF GEORGIA: S&P Affirms Then Withdraws 'BB-/B' CCRs


G E R M A N Y

FRESENIUS MEDICAL: Moody's Assigns Ba2 Long-Term Issuer Rating


I R E L A N D

CELTIC LINEN: Enters Examinership Following Financial Woes
TAURUS 2015-3: DBRS Confirms BB Rating on Class F Notes


I T A L Y

VENUS-1 FINANCE: Fitch Lowers Ratings on 5 Note Classes to D


N E T H E R L A N D S

EURO-GALAXY V: S&P Assigns Prelim. B- Rating to Class F Notes
PROMSVYAZ CAPITAL: Moody's Assigns B2 FC Issuer Ratings
STORM 2016-II: Moody's Assigns Ba1 Rating to Class E Notes
TORO EUROPEAN CLO 2: Moody's Assigns B2 Rating to Class F Notes
TORO EUROPEAN CLO 2: Fitch Assigns B- Rating to Class F Notes


P O L A N D

SKOK SKARBIEC: Declared Bankrupt by Gliwice Court


R U S S I A

DME LTD: Fitch Affirms 'BB+' Long-Term IDR, Outlook Negative


S P A I N

CODERE SA: S&P Raises Long-Term CCR to 'B', Outlook Stable


U K R A I N E

STATE LAND: Deposit Fund Appoints Liquidator, License Revoked


U N I T E D   K I N G D O M

COGNITA BONDCO: Moody's Affirms B2 Corporate Family Rating
ELECTRICITY NORTHWEST: S&P Affirms 'BB+' CCR, Outlook Stable
FINSBURY SQUARE 2016-2: Fitch Rates Class X Notes 'BB-(EXP)sf'
GALA CORAL: S&P Puts 'B' CCR on CreditWatch Positive
GLOBAL PORTS: Fitch Assigns 'BB' Rating to USD350MM Notes

GULF KEYSTONE: Bondholders to Take Control After Debt Deal Okayed
MBIA UK: Moody's Puts Ba2 IFS Rating Under Review For Upgrade
MONARCH AIRLINES: Gets Temporary Operating License Extension
NEWGATE FUNDING 2007-1: S&P Raises Rating on Cl. Cb Notes to BB-
NEWGATE FUNDING 2007-2: S&P Affirms B- Ratings on 3 Note Classes

NEWGATE FUNDING 2007-3: S&P Raises Rating on Cl. D Notes to BB
PENMAN ENGINEERING: Cuts 60 Jobs Following Cash Flow Problems
SOUTHERN PACIFIC 05-3: S&P Raises Rating on Class FTc Notes to B-


X X X X X X X X

* BOND PRICING: For the Week September 26 to September 30, 2016


                            *********


===========
B O S N I A
===========


BH AIRLINES: Sarajevo Court Begins Bankruptcy Proceedings
---------------------------------------------------------
SeeNews reports that a Sarajevo court has initiated bankruptcy
proceedings against Bosnia's air carrier BH Airlines.

The municipal court has invited all creditors to report their
claims within 30 days from the day a notice of bankruptcy has been
published in the Official Gazette of Bosnia's Muslim-Croat
Federation, SeeNews relays, citing news portal Ekapija.

A hearing to examine the claims has been scheduled for Dec. 8,
SeeNews discloses.

According to SeeNews, BH Airlines' total debt amounts to BAM42.8
million (US$24.5 million/EUR21.9 million), as the larger part, or
BAM25.4 million, is owed to asset resolution company HETA under a
finance lease agreement for two aircraft.

The Federation's government said earlier that from 2005 until
2014, BH Airlines had generated a total of BAM99.2 million in
losses, SeeNews relates.  Its accumulated uncovered losses had
reached BAM39.8 million at the end of 2014, BAM20.01 million above
the company's registered capital of BAM18.8 million, SeeNews
notes.



=============
F I N L A N D
=============


TECNOTREE CORP: Administrator Files Restructuring Program
---------------------------------------------------------
The Administrator of the corporate restructuring of Tecnotree
Corporation on Sept. 30 filed a draft restructuring program to the
District Court of Espoo.

The Administrator considers that the draft restructuring program
will result in a more favorable outcome for the creditors compared
to bankruptcy.  The Administrator's view is that if implemented,
the draft restructuring program would lead to the Company's
operations being rehabilitated.

The figures presented in this release are unaudited.

Compared to the restructuring program proposal filed to the
District Court of Espoo on March 30, 2016, the program is no
longer based so strongly on the realization of the Company's
assets but rather on the operative cash-flow of the Company.

The essential content of the draft restructuring program is as
follows:

At the moment, the total amount of the restructuring debts to be
taken into account in the restructuring proceedings is
approximately EUR73.9 million.  The Company has intragroup
restructuring debts approximately EUR36.7 million.  According to
the Administrator's draft program, the intragroup restructuring
debts will be fully cut.  In addition, the Company has
EUR13.2 million unsecured debt.  The total amount of the
restructuring debts includes also approximately EUR23.8 million
secured debts out of which approximately EUR7.9 million is secured
by business mortgage.  The Administrator is proposing that the
unsecured restructuring debts be cut by 50%, which would leave 50%
of the amount of such debt to be repaid.

The draft restructuring program does include a provision on a duty
to make supplementary payments on restructuring debts with no
priority if the Company's actual cash flow exceeds the projected
cash flow during the payment program.

Payments under the restructuring program will end on June 30,
2025.  The payments are broken down in appendix 15 of the draft
restructuring program.  The company pays EUR0.1 million in 2016,
correspondingly EUR1.5 million in 2017 and EUR2.0 million in 2018.

If the draft restructuring program is approved, the group will
record a one-off positive income effect of approximately
EUR6.7 million as a result of debt rearrangement.  In addition,
the company will cancel provisions for interest expenses.  A total
of 2.0 million of these had been accrued by June 30, 2016.

In appendix 14.2 of the draft restructuring program, there is a
restructuring budget compiled by the Administrator, with an
operative cash flow of -EUR4.3 million in 2016, EUR3.8 million in
2017 and EUR5.4 million in 2018.  The figures presented in the
appendix have not been disclosed by Tecnotree and the company will
not disclose deviations from them.

The approval and entry into force of the draft program are
conditional upon Tecnotree Corporation's General Meeting approving
the draft program.

                        About Tecnotree

Tecnotree -- http://www.tecnotree.com-- is a global provider of
telecom IT solutions for the management of products, customers and
revenue. Tecnotree helps communications service providers to
transform their business towards a marketplace of digital
services.  Tecnotree empowers service providers to monetize
service bundles, provide personalized user experiences and augment
value throughout the customer lifecycle.  With around 900 telecom
experts, Tecnotree serves around 90 service providers in around 70
countries.  Tecnotree is listed on the main list of NASDAQ
Helsinki with the trading code TEM1V.



=============
G E O R G I A
=============


BANK OF GEORGIA: S&P Affirms Then Withdraws 'BB-/B' CCRs
--------------------------------------------------------
S&P Global Ratings affirmed its 'BB-/B' long- and short-term
counterparty credit ratings and its 'ilA' Israel national scale
rating on the Bank of Georgia (BoG).

S&P subsequently withdrew all the ratings at issuer's request.
The outlook was stable at the time of withdrawal.

The affirmation reflected S&P's opinion that BoG's business and
financial position were consistent with the rating level.

S&P's ratings reflected its 'bb-' anchor for a commercial bank
operating mostly in Georgia; the bank's strong business position
as the largest bank in the country, with a market share of 33% in
terms of total assets and customer deposits; and a universal
banking model with strong corporate business, complemented with
well-developed franchise in retail banking.

BoG benefits from a strong and experienced management team, which
has supported the growth of the bank's franchise since 2004 by
investing in business development, risk management, and
infrastructure.

"Our assessment of BoG's capital position as adequate was based on
our assumptions that the bank would be able to grow its assets by
about 15% while maintaining healthy net interest margins of about
7%, its credit costs would stabilize around within
1.8%-2.0% range over the next two years (down from the peak of
3.11% over 2015), resulting in our forecast risk-adjusted capital
(RAC) ratio for BoG remaining within the 9%-10% range over the
next 12-18 months. We believed that the bank's strong brand and
high pricing power as the largest bank in Georgia would continue
to support the stability of its funding profile, and the
relatively good diversification of funding sources would balance
out the relatively high share of interbank borrowing.  A
significant share of long-term lending from multilateral
development banks provided additional strength to the funding
profil," S&P said.

S&P considered BoG to have high systemic importance in Georgia's
banking sector, given its dominant market position and broad
franchise in corporate and retail banking.  At the same time, S&P
did not incorporate any notches of extraordinary support into its
rating on BoG, because its SACP was already at the level of
Georgia's sovereign long-term foreign currency rating.

At the time of the withdrawal, the outlook was stable, reflecting
S&P's view that the bank would likely maintain its business
position and continue to consistently generate healthy earnings in
the next 12-18 months, despite some negative pressure from the
challenging operating environment in Georgia.



=============
G E R M A N Y
=============


FRESENIUS MEDICAL: Moody's Assigns Ba2 Long-Term Issuer Rating
--------------------------------------------------------------
Moody's Investors Service has assigned a long term issuer rating
of Ba2 to Fresenius Medical Care Holdings, Inc., the sub holding
company consolidating all US operations of Fresenius Medical Care
AG & Co. KGaA. The outlook is stable.

RATINGS RATIONALE

The Ba2 long term issuer rating assigned to Fresenius Medical Care
Holdings, Inc. reflects the company's standalone credit profile
but also the fact that Fresenius Medical Care Holdings, Inc. is a
material subsidiary of Fresenius Medical Care AG & Co. KGaA, as
this entity owns and consolidates all the US operating
subsidiaries of the parent.

Fresenius Medical Care Holdings, Inc. accounted for an increased
share of revenue and EBITDA of Fresenius Medical Care AG & Co.
KGaA over the last two years, reaching around two third of
revenues and EBITDA. The contribution of this sub holding to the
overall group is expected to slightly increase over time.
Fresenius Medical Care Holdings' standalone operating
profitability and credit metrics are relatively similar to the one
of its parent company. Margin pressure in the US dialysis business
and strong growth of its margin-dilutive care coordination, are
mitigated by improvements in payor mix and costs. In addition,
Fresenius Medical Care Holdings has a very strong cash conversion
and cash flow generation broadly in line with its parent. Credit
metrics of Fresenius Medical Care Holdings do not meaningfully
deviate from the parent and are not expected to materially change
over time.

Given the material contribution of Fresenius Medical Care
Holdings, Inc. to the Fresenius Medical Care AG & Co. KGaA group's
overall performance and the strategic importance of the US market
to the overall group Moody's believes that Fresenius Medical Care
Holdings, Inc. will remain an integral part of the overall
Fresenius Medical Care AG & Co. KGaA group over time and would
benefit from the parent's support in case of need.

The long term issuer rating of Ba2, which is an unsecured rating
also reflects the presence of secured debt in Fresenius Medical
Care Holdings' capital structure from drawings under a syndicated
revolving credit facility and term loan borrowings secured by
share pledges over material subsidiaries of the sub holding.

The stable outlook reflects our expectation that (i) Fresenius
Medical Care Holdings' operating performance and credit metrics
will not materially change over time, and (ii) the sub holding
will remain an integral part of the Fresenius Medical Care
Holdings' group.

WHAT COULD CHANGE THE RATING UP/ DOWN

A rating upgrade would require the sustained generation of
positive free cash flow applied to debt reduction contributing to
improvements in leverage as measured by Moody's adjusted
debt/EBITDA towards 3.0x and CFO/debt towards 20%.

In Moody's view, downward rating pressure would likely be the
result of: (i) unfavorable reimbursement changes in core markets
or changes in payer mix, affecting the entity's profit generation;
(ii) an increase in financial leverage, evidenced by a Moody's
adjusted debt/EBITDA ratio sustainably above 3.5x and a CFO/debt
ratio below 15%; or (iii) material litigation.

The principal methodology used in this rating was Business and
Consumer Service Industry published in December 2014.



=============
I R E L A N D
=============


CELTIC LINEN: Enters Examinership Following Financial Woes
----------------------------------------------------------
Aodhan O'Faolain at The Irish Times reports that Celtic Linen
Ltd., a company which has been a market leader in the supply of
linen to hotels, hospitals and the HSE, has gone into
examinership.

The company, which employs 380 people in Drinagh, Co Wexford, has
sought the protection of the High Court through examinership
because it had become loss-making in recent years, The Irish Times
relates.

According to The Irish Times, at the High Court on Sept. 29,
Mr. Justice Michael Twomey appointed insolvency practitioner
Tom Kavanagh -- tkavanagh@deloitte.ie -- of Deloitte Ireland as
interim examiner of the company after hearing the company had a
reasonable prospect of survival as a going concern if certain
steps were taken.

Kelley Smith, Celtic Linen's counsel, told the court an
independent expert's report had stated the company could survive
if it can secure new investment, and reduce its costs, The Irish
Times relays.

The counsel said, as cited by The Irish Times, that another step
identified by the independent expert was that the examiner put
together a scheme of arrangement with the company's creditors.

Ms. Smith said the company has liabilities of EUR14 million and
its biggest creditor, AIB bank, was supporting the application for
the appointment of an examiner, The Irish Times notes.  According
to The Irish Times, she said that on a going concern basis, the
company has a deficit of liabilities over assets of EUR2.7
million.  If the firm was to be liquidated that deficit would rise
to EUR9.3 million, The Irish Times states.

The judge adjourned the matter to a date in October, The Irish
Times discloses.


TAURUS 2015-3: DBRS Confirms BB Rating on Class F Notes
-------------------------------------------------------
DBRS Ratings Limited has confirmed its ratings on the Commercial
Mortgage-Backed Floating-Rate Notes Due April 2028 issued by
Taurus 2015-3 EU Designated Activity Company, as follows:

   -- Class A at AAA (sf)

   -- Class B at AAA (sf)

   -- Class C at AA (sf)

   -- Class D at A (sf)

   -- Class E at BBB (sf)

   -- Class F at BB (sf)

All trends are Stable.

The rating confirmation reflects the overall stable performance of
the transaction since issuance.

Taurus 2015-3 Designated Activity Company is a securitization of
two floating-rate commercial real estate loans originated by Bank
of America Merrill Lynch. Both loans, TEIF and BiLux, are
sponsored by Starwood Capital Group L.P. (Starwood Capital). M7
Real Estate Limited serves as the asset manager for both loans. As
of July 2016, the two loans have a combined securitized loan
balance of EUR142.9 million, which represents a 1.9% collateral
reduction since issuance and an aggregate whole loan balance of
EUR191.1 million.

The TEIF Loan served to finance the acquisition of 31 light
industrial properties that are located in France, Germany and the
Netherlands in December 2014. The loan's original whole balance
was EUR90.9 million, of which the senior loan portion was EUR82.2
million. A EUR8.8 million B-note is not part of the
securitization. Approximately 78.0% of the senior loan amount was
securitized in Taurus 2015-3. Since issuance, two units in the
Torcy Nord property (France) and the loan's only two properties in
the Netherlands have been sold. The disposal of these assets
resulted in total prepayments of EUR3.4 million, or 4.3% of the
total whole loan balance. The current senior loan balance is
EUR87.3 million, of which EUR61.5 million is securitized.

The TEIF loan benefits from tenant diversity. According to the
most recent investor's report as of July 2016, the loan's top five
tenants represent nearly 27.0% of the total income rent. The most
recent reported portfolio vacancy rate decreased to 11.5% from
13.7% at issuance. Three of the top five largest tenants, Daimler
A.G., Gutenberg On Line and The Logistic's Box, which contribute
15.9% to the loan's total gross rental income (GRI), have lease
expiries or break options within the next six months The
portfolio's GRI decreased to EUR11.6 million, representing a 1.7%
decline since the first reported GRI of EUR11.7 million in January
2016. This was due to the aforementioned property disposals,
partially offset by the increase in overall occupancy. DBRS net
cash flow (NCF) decreased to EUR8.2 million from EUR8.9 million at
issuance amid collateral reduction after the property disposals
and higher-than-expected expenses. At issuance, the sponsor and
asset manager detailed a business plan that included investing
EUR4.4 million in capex and EUR3.0 million of voluntary
improvements works during the loan term. As of July 2016, a total
capital expenditure amount of EUR1.1 million has been already
invested into the properties. The portfolio was last revalued in
December 2015, showing a valuation uplift to EUR127.6 million,
which is a 1.0% increase compared with the previous valuation.
DBRS value assumption represents a 19.5% haircut.

The BiLux Loan was originated in May 2015 and served to fund the
acquisition of 31 light industrial properties located in Germany
and the Netherlands. As per the most recent investor's report of
July 2016, no collateral reduction has occurred since issuance.
The original and current whole loan balance is EUR103.8 million,
and 78.0% of the senior loan is securitized. The initial and
current securitized loan balance is EUR81.3 million.

Even though the BiLux Loan showed increasing vacancy rates in each
quarter after issuance, as of July 2016 the most recent overall
vacancy rate dropped to 14.2%, which is slightly lower than the
15.1% rate at issuance. Following the decline of the vacancy rate,
the GRI increased to EUR16.8 million, or by 1.0%, since issuance.
Expense increased quarter-over-quarter after issuance up to an
expected annual expense amount of EUR3.5 million, which led to a
net rental income of EUR10.5 million as of July 2016. DBRS
estimated at issuance a stabilized NCF of EUR8.3 million, which
represents a 21.1% haircut compared with most recent reported cash
flow. A total of EUR1.7 million in capital expenditures (capex)
has been already invested at the properties, in line with the
sponsor's business plan, which anticipated that a total of EUR13.0
million would be invested during the loan term, in order to
improve the properties and to increase the occupancy rate. During
Q2 2016, the portfolio was re-valued at EUR163.2 million,
reflecting a 10.1% increase compared with the initial valuation at
issuance. The value increase is mainly a result of lower
capitalization rate assumptions for industrial properties across
the Netherlands and Germany. As a result, the DBRS stabilized
value assumption of EUR105.6 million now represents a 35.5%
haircut to the most recent valuation. As a result of the
revaluation, the reported whole loan-to-value (LTV) ratio has
decreased to 63.5% from 70.0% at cut-off, while the DBRS
securitized LTV remains unchanged at 98.3%.

As per the trustee report of July 2016, the transaction is
supported by a EUR8.08 million liquidity facility provided by Bank
of America Merrill Lynch N.A. The Liquidity Facility can be used
by the Issuer to fund expense shortfalls (including any amounts
owing to third-party creditors and service providers that rank
senior to the Notes), property protection shortfalls and interest
shortfalls (including deferred interest, but excluding default
interest) in connection with interest due on the Class A, Class B
and Class C Notes. The Liquidity Facility cannot be used to fund
shortfalls due to the Class X Notes.

The final legal maturity of the Notes is in April 2028, eight
years beyond the maturity of the latest maturing loan, BiLux, in
April 2020. If necessary, this is believed to be sufficient time,
given the security structure and jurisdiction of the underlying
loans, to enforce on the loan collateral and repay bondholders.

Notes: All figures are in euros unless otherwise noted.

DBRS has applied the principal methodology consistently and
conducted a review of the transaction in accordance with the
principal methodology.

A review of the transaction legal documents was not conducted as
the documents have remained unchanged since the most recent rating
action.

The sources of information used for this rating include the
Servicer, Situs Asset Management Limited.

DBRS does not rely upon third-party due diligence in order to
conduct its analysis.

DBRS was not supplied with third party assessments. However, this
did not impact the rating analysis.

DBRS considers the information available to it for the purposes of
providing this rating to be of satisfactory quality.

DBRS does not audit the information it receives in connection with
the rating process, and it does not and cannot independently
verify that information in every instance.

This is the first rating action since the Initial Rating Date.

The last rating action on this transaction took place on September
29, 2015 when DBRS finalized its ratings for this transaction.

To assess the impact of the changing the transaction parameters on
the rating, DBRS considered the following stress scenarios, as
compared to the parameters used to determine the rating (the "Base
Case"):

A decrease of 10% and 20% in the DBRS net cash flow (NCF), derived
by looking at comparable properties, market rents, market
occupancies in addition to expenses ratios, capital expenditures
and re-tenanting costs, would lead to the following ratings in the
transaction, as noted below for each class respectively:

Class A Notes Risk Sensitivity:

   -- 10% decline in DBRS NCF, expected rating of Class A to AAA
      (sf)

   -- 20% decline in DBRS NCF, expected rating of Class A to AAA
      (sf)

Class B Notes Risk Sensitivity:

   -- 10% decline in DBRS NCF, expected rating of Class B to AAA
      (sf)

   -- 20% decline in DBRS NCF, expected rating of Class B to AAA
      (sf)

Class C Notes Risk Sensitivity:

   -- 10% decline in DBRS NCF, expected rating of Class C to A
      (high) (sf)

   -- 20% decline in DBRS NCF, expected rating of Class C to BBB
      (sf)

Class D Notes Risk Sensitivity:

   -- 10% decline in DBRS NCF, expected rating of Class D to BBB
      (low) (sf)

   -- 20% decline in DBRS NCF, expected rating of Class D to BB
      (sf)

Class E Notes Risk Sensitivity:

   -- 10% decline in DBRS NCF, expected rating of Class E to BB
      (high) (sf)

   -- 20% decline in DBRS NCF, expected rating of Class E to B
      (high) (sf)

Class F Notes Risk Sensitivity:

   -- 10% decline in DBRS NCF, expected rating of Class F to B
      (sf)

   -- 20% decline in DBRS NCF, expected rating of Class F to CCC
      (sf)

Generally, the conditions that lead to the assignment of a
Negative or Positive trend are resolved within a 12-month period.
DBRS's outlooks and ratings are monitored.

Ratings assigned by DBRS Ratings Limited are subject to EU
regulations only.

Initial Lead Analyst: Elizabeth Lovett, Assistant Vice President,
European CMBS
Initial Rating Date: 3 September 2015
Initial Rating Committee Chair: Erin Stafford, Managing Director,
Global CMBS

Lead Surveillance Analyst: Jorge Lopez Herguido, Financial
Analyst, European CMBS
Rating Committee Chair: Christian Aufsatz, Senior Vice President,
European CMBS

DBRS Ratings Limited
20 Fenchurch Street, 31st Floor
London EC3M 3BY United Kingdom

Registered in England and Wales: No. 7139960

   -- European CMBS Surveillance

   -- European CMBS Rating Methodology

   -- Legal Criteria for European Structured Finance Transactions

   -- Derivative Criteria for European Structured Finance
      Transactions

   -- Unified Interest Rate Model for European Securitisations



=========
I T A L Y
=========


VENUS-1 FINANCE: Fitch Lowers Ratings on 5 Note Classes to D
------------------------------------------------------------
Fitch Ratings has downgraded Venus-1 Finance S.r.l.'s notes to
'Dsf' and withdrawn the ratings, as:

  EUR11.6 mil. class A (IT0004148026) downgraded to 'Dsf' from
   'Csf'; rating withdrawn
  EUR8.2 mil. class B (IT0004148034) downgraded to 'Dsf' from
   'Csf'; rating withdrawn
  EUR6.3 mil. class C (IT0004148042) downgraded to 'Dsf' from
   'Csf'; rating withdrawn
  EUR9.1 mil. class D (IT0004148059) downgraded to 'Dsf' from
   'Csf'; rating withdrawn
  EUR6.5 mil. class E (IT0004148067) downgraded to 'Dsf' from
   'Csf'; rating withdrawn

The transaction is the securitization of two portfolios of non-
performing loans (NPLs), Monviso 1 and Monviso 2, both originated
by Sanpaolo IMI Group (now Intesa Sanpaolo S.p.a.; BBB+/Stable)
and acquired in 2005 by ABN Amro Bank N.V. (A+/Stable).  At the
cut-off date in June 2006, the two portfolios comprised 21,911
borrower positions for a total gross book value (GBV) of EUR303.2
mil.  The aggregate portfolio consisted mainly of unsecured NPLs
(86% of GBV), with the remaining 14% made up of mortgage secured
NPLs.

                        KEY RATING DRIVERS

The downgrades reflect the principal loss incurred by all
tranches.  As there is no remaining collateral (or expected
recoveries), the ratings of the defaulted tranches have also been
withdrawn.

The underlying NPL portfolios (Monviso 1 and Monviso 2) have been
sold, yielding a final principal payment of EUR3.6 mil. paid to
the senior notes at the July 2016 interest payment date.  The
remaining notes will be written off at bond maturity in 2019.



=====================
N E T H E R L A N D S
=====================


EURO-GALAXY V: S&P Assigns Prelim. B- Rating to Class F Notes
-------------------------------------------------------------
S&P Global Ratings has assigned preliminary credit ratings to
Euro-Galaxy V CLO B.V.'s class A-R, A-1, B, C, D, E, and F notes.
At closing, the issuer will also issue an unrated class of
subordinated notes.

The preliminary ratings assigned to Euro-Galaxy V CLO's notes
reflect S&P's assessment of:

   -- The diversified collateral pool, which consists primarily
      of broadly syndicated speculative-grade senior secured term
      loans and bonds, that is governed by collateral quality and
      portfolio profile tests.  The credit enhancement provided
      through the subordination of cash flows, excess spread, and
      overcollateralization.

   -- The collateral manager's experienced team, which can affect
      the performance of the rated notes through collateral
      selection, ongoing portfolio management, and trading.  The
      transaction's legal structure, which is expected to be
      bankruptcy remote.

S&P considers that the transaction's documented counterparty
replacement and remedy mechanisms adequately mitigate its exposure
to counterparty risk under S&P's current counterparty criteria.

Following the application of S&P's structured finance ratings
above the sovereign criteria, it considers the transaction's
exposure to country risk to be limited at the assigned preliminary
rating levels, as the exposure to individual sovereigns does not
exceed the diversification thresholds outlined in S&P's criteria.

At closing, S&P considers that the transaction's legal structure
will be bankruptcy remote, in line with S&P's European legal
criteria.

Following S&P's analysis of the credit, cash flow, counterparty,
operational, and legal risks, S&P believes its preliminary ratings
are commensurate with the available credit enhancement for each
class of notes.

Euro-Galaxy V CLO is a European cash flow corporate loan
collateralized loan obligation (CLO) securitization of a revolving
pool, primarily comprising euro-denominated senior secured loans
and bonds, issued mainly by European borrowers.  PineBridge
Investments Europe Ltd. is the collateral manager and Credit
Industriel et Commercial (CIC) is the junior collateral manager.

RATINGS LIST

Preliminary Ratings Assigned

Euro-Galaxy V CLO B.V.
EUR411.1 Million Senior Secured Variable Funding And Floating-Rate
Notes

Class              Prelim.        Prelim.
                   rating          amount
                                 (mil. EUR)

A-R                AAA (sf)         60.00
A-1                AAA (sf)        184.00
B                  AA (sf)          49.20
C                  A (sf)           23.20
D                  BBB (sf)         19.20
E                  BB (sf)          23.30
F                  B- (sf)          12.30
Sub                NR               39.90

NR--Not rated.
Sub--Subordinated notes.


PROMSVYAZ CAPITAL: Moody's Assigns B2 FC Issuer Ratings
-------------------------------------------------------
Moody's Investors Service assigned B2/Not-Prime local- and
foreign-currency issuer ratings to Promsvyaz Capital B.V., a
Netherlands-based non-operational holding company with a main
focus on the Russian banking sector. The outlook on the long-term
ratings is negative.

This is the first time that Moody's has assigned ratings to
Promsvyaz Capital B.V.

RATINGS RATIONALE

The B2 issuer ratings reflect Promsvyaz Capital's status as a bank
holding company and is mainly driven by the b1 standalone credit
profiles of its Russian banking subsidiaries: Promsvyazbank (Ba3
negative, b1) and Vozrozhdenie Bank (B1 negative, b1), which
together accounted for 98% of the group's total consolidated
assets, while Promsvyaz Capital's equity investments in
Promsvyazbank and Vozrozhdenie accounted for 61% of its standalone
assets, as of June 30, 2016.

The B2 ratings of the holding company also reflect the structural
subordination of the holding company creditors relative to the
creditors of its operating subsidiaries. As a result, the
long-term ratings of the holding company are positioned one notch
below the b1 weighted-average adjusted baseline credit assessment
(BCA) of both banking subsidiaries. This rating approach is in
line with the rating agency's notching practice for holding
companies, as described in Moody's Banks methodology.

The issuer ratings of the holding company do not incorporate any
support uplift from the government of Russia (Ba1, negative), in
line with Moody's general view that government support is unlikely
to be provided to a foreign holding company. At the same time,
Moody's continues to incorporate government support into the
ratings of Promsvyazbank.

The holding company ratings also reflect the currently low double
leverage ratio, defined as equity investments in subsidiaries
divided by holding company equity and measures the extent to which
equity in subsidiaries is financed by debt at the holding company
level. As of June 30, 2016, Promsvyaz Capital had a double
leverage ratio of 83% on a stand-alone basis, which indicates a
surplus of equity over its investments in banks.

The negative outlook on Promsvyaz Capital's long-term issuer
ratings is in line with the negative outlook on the ratings of its
banking subsidiaries.

PROMSVYAZ CAPITAL'S EQUITY INVESTMENTS

As discussed above, Promsvyaz Capital main equity investments are
in Promsvyazbank, where it owns over 50%, and in Vozrozhdenie
Bank, where it holds 73.4% as of 30 June 2016.

Promsvyazbank is a systemically important financial institution,
top-10 bank in Russia by total assets (accounts for 83% of the
group's total consolidated assets) with a strong market position
in the corporate sector. The bank's Ba3 local currency deposit
rating reflects one notch of uplift from the bank's standalone BCA
of b1, reflecting Moody's assessment of a moderate probability of
government support for the bank in case of need. The BCA reflects
the bank's: 1) modest capital position; 2) pressure on its asset
quality and recurring profitability, which will likely ease over
the next 12-18 months; and 3) resilient liquidity position and
stable funding profile.

Vozrozhdenie Bank is a leading regional bank, top-40 in Russia by
total assets (accounts for 16% of the group's total consolidated
assets) with a strong market position in the small and medium-
sized enterprise (SME) sector. The B1 local currency deposit
rating is based on the bank's b1 BCA and does not factor in any
government or affiliate support. The bank's BCA reflects: (1) its
good liquidity profile; (2) healthy pre-provision earnings; (3)
stabilizing asset quality along with good nonperforming loans
coverage with loan loss reserves; and (4) modest capital adequacy.

WHAT COULD CHANGE THE RATINGS -- UP

Given the negative outlook on Promsvyaz Capital long-term ratings,
any upgrade in the next 12-18 months is unlikely. However, the
rating outlook can stabilize if the financial profile of its main
banking subsidiary improves and the outlook on its long-term
ratings stabilizes.

WHAT COULD CHANGE THE RATINGS -- DOWN

Promsvyaz Capital's B2 ratings could be downgraded if: (1) the
weighted-average BCA of its banking subsidiaries is lowered; or
(2) the holding company double leverage ratio exceeds 115%.

Additional large investments in Tier 2 or Additional Tier 1 (AT1)
instruments issued by its banking subsidiaries, could also be
negative for the credit ratings of the holding company

PRINCIPAL METHODOLOGY

The principal methodology used in these ratings was Banks
published in January 2016.


STORM 2016-II: Moody's Assigns Ba1 Rating to Class E Notes
----------------------------------------------------------
Moody's Investors Service has assigned definitive ratings to the
following classes of notes issued by STORM 2016-II B.V.:

   -- EUR1,900 million senior class A mortgage-backed notes due
      2063, Definitive Rating Assigned Aaa (sf)

   -- EUR57 million mezzanine class B mortgage-backed notes due
      2063, Definitive Rating Assigned Aa1 (sf)

   -- EUR43 million mezzanine class C mortgage-backed notes due
      2063, Definitive Rating Assigned Aa3 (sf)

   -- EUR43 million junior class D mortgage-backed notes due
      2063, Definitive Rating Assigned A2 (sf)

   -- EUR21 million subordinated class E notes due 2063,
      Definitive Rating Assigned Ba1 (sf)

STORM 2016-II B.V. is a revolving securitization of Dutch prime
residential mortgage loans. Obvion N.V. (not rated) is the
originator and servicer of the portfolio.

RATINGS RATIONALE

The definitive ratings on the notes take into account, among other
factors: (1) the performance of the previous transactions launched
by Obvion N.V.; (2) the credit quality of the underlying mortgage
loan pool; (3) legal considerations; and (4) the initial credit
enhancement provided to the senior notes by the junior notes and
the reserve fund.

The expected portfolio loss of 0.6% and the MILAN CE of 7.5% serve
as input parameters for Moody's cash flow and tranching model,
which is based on a probabilistic lognormal distribution, as
described in the report "The Lognormal Method Applied to ABS
Analysis", published in July 2000.

MILAN CE for this pool is 7.5%, which is above preceding STORM
transactions and in line with other prime Dutch RMBS revolving
transactions owing to: (i) the replenishment period of 5 years
where there is a risk of deteriorating the pool quality through
the addition of new loans, although this is mitigated by
replenishment criteria, (ii) the availability of the NHG-guarantee
for 32.4% of the loan parts in the pool, (iii) the weighted
average loan-to-foreclosure-value (LTFV) of 94.9%, which is
similar to LTFV observed in other Dutch RMBS transactions, (iv)
the proportion of interest-only loan parts (52.0%), and (v) the
weighted average seasoning of 5.0 years. The risk of a
deteriorating pool quality through the addition of loans is partly
mitigated by the replenishment criteria which includes, amongst
others, that the weighted average CLTMV of all the mortgage loans,
including those to be purchased by the issuer, does not exceed 87%
and the minimum weighted average seasoning is at least 40 months.
Further, no new loans can be added to the pool if there is a PDL
outstanding, if loans more than 3 months in arrears exceeds 1.5%
or the cumulative loss exceeds 0.40%. Moody's notes that the
unadjusted current LTFV is 94.45%. The slight differences are due
to Moody's treatment of the property valuation provided for tax
purposes (the so-called WOZ valuation).

The key drivers for the portfolio's expected loss are: (1) the
availability of the NHG-guarantee for 32.4% of the loan parts in
the pool; (2) the performance of the seller's precedent
transactions; (3) benchmarking with comparable transactions in the
Dutch RMBS market; and (4) the current economic conditions in the
Netherlands in combination with historic recovery data of
foreclosures received from the seller.

The transaction benefits from a non-amortizing reserve fund,
funded at 1.03% of the total class A, B, C and D notes'
outstanding amount at closing, building up to 1.3% by trapping
available excess spread. The initial total credit enhancement for
the Aaa (sf) rated notes is 8.03% through note subordination 7.00%
and the reserve fund 1.03%. The transaction also benefits from an
excess margin of 50 bps provided through the swap agreement. The
swap counterparty is Obvion N.V. and the back-up swap counterparty
is Cooperatieve Rabobank U.A. ("Rabobank"; rated Aa2/P-1).
Rabobank is obliged to assume the obligations of Obvion N.V. under
the swap agreement in case of Obvion N.V.'s default. The
transaction also benefits from an amortising cash advance facility
of 2.0% of the outstanding principal amount of the notes
(including the class E notes) with a floor of 1.45% of the
outstanding principal amount of the notes (including the class E
notes) as of closing.

STRESS SCENARIOS:

Moody's Parameter Sensitivities: At the time the ratings were
assigned, the model output indicated that class A notes would have
achieved Aaa (sf), even if MILAN CE was increased to 12.0% from
7.5% and the portfolio expected loss was increased to 1.2% from
0.6% and all other factors remained the same.

Moody's Parameter Sensitivities provide a quantitative/model-
indicated calculation of the number of rating notches that a
Moody's structured finance security may vary if certain input
parameters used in the initial rating process differed. The
analysis assumes that the deal has not aged and is not intended to
measure how the rating of the security might migrate over time,
but rather how the initial rating of the security might have
differed if key rating input parameters were varied. Parameter
Sensitivities for the typical EMEA RMBS transaction are calculated
by stressing key variable inputs in Moody's primary rating model.

The principal methodology used in these ratings was "Moody's
Approach to Rating RMBS Using the MILAN Framework" published in
September 2016.

The analysis undertaken by Moody's at the initial assignment of
ratings for RMBS securities may focus on aspects that become less
relevant or typically remain unchanged during the surveillance
stage. Please see Moody's Approach to Rating RMBS Using the MILAN
Framework for further information on Moody's analysis at the
initial rating assignment and the on-going surveillance in RMBS.

FACTORS THAT WOULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS:

Significantly different loss assumptions compared with our
expectations at close due to either a change in economic
conditions from our central scenario forecast or idiosyncratic
performance factors would lead to rating actions.

For instance, should economic conditions be worse than forecast,
the higher defaults and loss severities resulting from a greater
unemployment, worsening household affordability and a weaker
housing market could result in a downgrade of the ratings.
Downward pressure on the ratings could also stem from (1)
deterioration in the notes' available credit enhancement; or (2)
counterparty risk, based on a weakening of a counterparty's credit
profile, particularly Obvion N.V. and Rabobank, which perform
numerous roles in the transaction.

Conversely, the ratings could be upgraded: (1) if economic
conditions are significantly better than forecasted; or (2) upon
deleveraging of the capital structure.

The ratings address the expected loss posed to investors by the
legal final maturity of the notes. In Moody's opinion, the
structure allows for timely payment of interest and ultimate
payment of principal with respect to the notes by the legal final
maturity. Moody's ratings only address the credit risk associated
with the transaction. Other non-credit risks have not been
addressed, but may have a significant effect on yield to
investors.


TORO EUROPEAN CLO 2: Moody's Assigns B2 Rating to Class F Notes
---------------------------------------------------------------
Moody's Investors Service announced that it has assigned the
following definitive ratings to notes issued by Toro European CLO
2 Designated Activity Company (the "Issuer" or "Toro European CLO
2 DAC"):

   -- EUR212,300,000 Class A Secured Floating Rate Notes due
      2028, Definitive Rating Assigned Aaa (sf)

   -- EUR39,700,000 Class B Secured Floating Rate Notes due 2028,
      Definitive Rating Assigned Aa2 (sf)

   -- EUR18,700,000 Class C Secured Deferrable Floating Rate
      Notes due 2028, Definitive Rating Assigned A2 (sf)

   -- EUR17,500,000 Class D Secured Deferrable Floating Rate
      Notes due 2028, Definitive Rating Assigned Baa2 (sf)

   -- EUR24,500,000 Class E Secured Deferrable Floating Rate
      Notes due 2028, Definitive Rating Assigned Ba2 (sf)

   -- EUR10,500,000 Class F Secured Deferrable Floating Rate
      Notes due 2028, Definitive Rating Assigned B2 (sf)

RATINGS RATIONALE

Moody's definitive rating of the rated notes addresses the
expected loss posed to noteholders by the legal final maturity of
the notes in 2028. The definitive ratings reflect the risks due to
defaults on the underlying portfolio of loans given the
characteristics and eligibility criteria of the constituent
assets, the relevant portfolio tests and covenants as well as the
transaction's capital and legal structure. Furthermore, Moody's is
of the opinion that the collateral manager, Chenavari Credit
Partners LLP ("Chenavari"), has sufficient experience and
operational capacity and is capable of managing this CLO.

Toro European CLO 2 DAC is a managed cash flow CLO. At least 90%
of the portfolio must consist of senior secured loans and senior
secured bonds and up to 10% of the portfolio may consist of
unsecured obligations, second-lien loans, mezzanine loans and high
yield bonds. The bond bucket gives the flexibility to Toro
European CLO 2 DAC to hold bonds if Volcker Rule is changed. The
portfolio is expected to be approximately 65-70% ramped up as of
the closing date and to be comprised predominantly of corporate
loans to obligors domiciled in Western Europe.

Chenavari will manage the CLO. It will direct the selection,
acquisition and disposition of collateral on behalf of the Issuer
and may engage in trading activity, including discretionary
trading, during the transaction's four-year reinvestment period.
Thereafter, purchases are permitted using principal proceeds from
unscheduled principal payments and proceeds from sales of credit
risk and credit improved obligations, and are subject to certain
restrictions.

In addition to the six classes of notes rated by Moody's, the
Issuer issued EUR 39.55m of subordinated notes, which are not
rated.

The transaction incorporates interest and par coverage tests
which, if triggered, divert interest and principal proceeds to pay
down the notes in order of seniority.

Factors that would lead to an upgrade or downgrade of the ratings:

The rated notes' performance is subject to uncertainty. The notes'
performance is sensitive to the performance of the underlying
portfolio, which in turn depends on economic and credit conditions
that may change. Chenavari's investment decisions and management
of the transaction will also affect the notes' performance.

Loss and Cash Flow Analysis:

Moody's modeled the transaction using CDOEdge, a cash flow model
based on the Binomial Expansion Technique, as described in Section
2.3 of the "Moody's Global Approach to Rating Collateralized Loan
Obligations" rating methodology published in December 2015. The
cash flow model evaluates all default scenarios that are then
weighted considering the probabilities of the binomial
distribution assumed for the portfolio default rate. In each
default scenario, the corresponding loss for each class of notes
is calculated given the incoming cash flows from the assets and
the outgoing payments to third parties and noteholders. Therefore,
the expected loss or EL for each tranche is the sum product of (i)
the probability of occurrence of each default scenario and (ii)
the loss derived from the cash flow model in each default scenario
for each tranche. As such, Moody's encompasses the assessment of
stressed scenarios.

Moody's used the following base-case modeling assumptions:

   -- Par amount: EUR 350,000,000

   -- Diversity Score: 34

   -- Weighted Average Rating Factor (WARF): 2800

   -- Weighted Average Spread (WAS): 4.25%

   -- Weighted Average Recovery Rate (WARR): 43.5%

   -- Weighted Average Life (WAL): 8 years.

Moody's has analyzed the potential impact associated with
sovereign related risk of peripheral European countries. As part
of the base case, Moody's has addressed the potential exposure to
obligors domiciled in countries with local currency country risk
ceiling of A1 or below. Following the effective date, and given
the portfolio constraints and the current sovereign ratings in
Europe, such exposure may not exceed 10% of the total portfolio.
As a result and in conjunction with the current foreign government
bond ratings of the eligible countries, as a worst case scenario,
a maximum 10% of the pool would be domiciled in countries with
local currency country ceiling of A3. The remainder of the pool
will be domiciled in countries which currently have a local
currency country ceiling of Aaa or Aa1 to Aa3.

Stress Scenarios:

Together with the set of modeling assumptions above, Moody's
conducted additional sensitivity analysis, which was an important
component in determining the definitive rating assigned to the
rated notes. This sensitivity analysis includes increased default
probability relative to the base case. Below is a summary of the
impact of an increase in default probability (expressed in terms
of WARF level) on each of the rated notes (shown in terms of the
number of notch difference versus the current model output,
whereby a negative difference corresponds to higher expected
losses), holding all other factors equal:

Percentage Change in WARF: WARF + 15% (to 3220 from 2800)

Ratings Impact in Rating Notches:

   -- Class A Secured Floating Rate Notes: 0

   -- Class B Secured Floating Rate Notes: -2

   -- Class C Secured Deferrable Floating Rate Notes: -1

   -- Class D Secured Deferrable Floating Rate Notes: -1

   -- Class E Secured Deferrable Floating Rate Notes: -1

   -- Class F Secured Deferrable Floating Rate Notes: 0

Percentage Change in WARF: WARF +30% (to 3640 from 2800)

   -- Class A Secured Floating Rate Notes: -1

   -- Class B Secured Floating Rate Notes: -3

   -- Class C Secured Deferrable Floating Rate Notes: -3

   -- Class D Secured Deferrable Floating Rate Notes: -2

   -- Class E Secured Deferrable Floating Rate Notes: -1

   -- Class F Secured Deferrable Floating Rate Notes: -2

Methodology Underlying the Rating Action:

The principal methodology used in these ratings was "Moody's
Global Approach to Rating Collateralized Loan Obligations"
published in December 2015.


TORO EUROPEAN CLO 2: Fitch Assigns B- Rating to Class F Notes
-------------------------------------------------------------
Fitch Ratings has assigned Toro European CLO 2 DAC's notes these
final ratings:

  Class A: 'AAAsf'; Outlook Stable
  Class B: 'AAsf'; Outlook Stable
  Class C: 'Asf'; Outlook Stable
  Class D: 'BBBsf'; Outlook Stable
  Class E: 'BBsf'; Outlook Stable
  Class F: 'B-sf'; Outlook Stable
  Subordinated notes: not rated

Toro European CLO 2 is a cash flow collateralized loan obligation
(CLO).  Net proceeds from the notes were used to purchase a
EUR350m portfolio of mostly European leveraged loans and bonds.
The portfolio is managed by Chenavari Credit Partners LLP.  The
reinvestment period is scheduled to end in 2020.

                        KEY RATING DRIVERS

'B'/'B-' Portfolio Credit Quality

Fitch places the average credit quality of obligors in the
'B'/'B-' range.  The agency has public ratings or credit opinions
on all the obligors in the identified portfolio.  The Fitch
weighted average rating factor of the identified portfolio is 34.

High Expected Recoveries
The portfolio will be at least 90% senior secured obligations.
The Fitch weighted average recovery rate of the identified
portfolio is 77.3%.

Payment Frequency Switch
The notes pay quarterly, while the portfolio assets can be reset
to semi-annual from quarterly or monthly.  The transaction has an
interest-smoothing account but no liquidity facility.  Liquidity
stress for the non-deferrable class A and B notes, stemming from a
large proportion of assets potentially resetting to semi-annual in
any one quarter, is addressed by switching the payment frequency
of the notes to semi-annual in such a scenario, subject to certain
conditions.

Limited Interest Rate Risk Exposure

Between 0% and 5% of the portfolio can be invested in fixed-rate
assets, while the liabilities pay a floating-rate coupon.  Fitch
modeled both 0% and 5% fixed-rate buckets and found that the rated
notes can withstand the interest rate mismatch associated with
each scenario.

At closing the issuer purchased an interest rate cap to hedge the
transaction against rising interest rates.  The notional of the
cap is EUR10 mil. (representing 2.86% of the target par amount)
and the strike rate is 2%.  The cap will expire five years after
the closing date.

Hedged Non-Euro Asset Exposure
The transaction is permitted to invest up to 30% of the portfolio
in non-euro assets, provided perfect asset swaps can be entered
into.

Documentation Amendments
The transaction documents may be amended subject to rating agency
confirmation or noteholder approval.  Where rating agency
confirmation relates to risk factors, Fitch will analyze the
proposed change and may provide a rating action commentary if the
change has a negative impact on the ratings.  Such amendments may
delay the repayment of the notes as long as Fitch's analysis
confirms the expected repayment of principal at the legal final
maturity.

If in the agency's opinion the amendment is risk-neutral from a
rating perspective Fitch may decline to comment.  Noteholders
should be aware that the structure considers the confirmation to
be given if Fitch declines to comment.

                        RATING SENSITIVITIES

A 25% increase in the obligor default probability would lead to a
downgrade of up to two notches for the rated notes.  A 25%
reduction in expected recovery rates would lead to a downgrade of
up to three notches for the rated notes.



===========
P O L A N D
===========


SKOK SKARBIEC: Declared Bankrupt by Gliwice Court
-------------------------------------------------
Posadzy Magdalena at Polska Agencja Prasowa reports that financial
market regulator KNF said in a statement savings & loan
institution SKOK Skarbiec with around PLN97 million in client
deposits, was declared bankrupt by a district court in Gliwice.

KNF suspended SKOK Skarbiec's operations in July, which opened the
door to a bankruptcy procedure and payments from the banking
guarantee fund BFG, PAP relates.

As of end-May 2016, SKOK Skarbiec had a negative equity of PLN44.1
million, negative capital adequacy ratio of 81.3% and accummulated
loss of PLN47 million, PAP discloses.  According to PAP, deposits
of SKOK members amounted to PLN96.9 million.



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


DME LTD: Fitch Affirms 'BB+' Long-Term IDR, Outlook Negative
------------------------------------------------------------
Fitch Ratings has affirmed DME Ltd.'s Long-Term Issuer Default
Rating at 'BB+' with a Negative Outlook.  DME operates Domodedovo
Airport (DME) in Moscow.  Fitch has also affirmed the USD300 mil.
senior unsecured notes issued by DME Airport Limited at 'BB+' with
a Negative Outlook.

The ratings have been affirmed despite weaker operational and
financial performance in 2015 and 1H16 as DME's leverage remains
low at 2.1x (total debt/EBITDA at YE 2015, below previous
expectation of 2.4x under Fitch rating case), and in Fitch's view
the airport should be able to withstand the currently observed
stresses.

Fitch considered DME's rating in line with investment grade when
we initially rated it, but corporate governance risks and some
political and regulatory uncertainty constrained the rating to
sub-investment grade.  Consequently, the ratings have some
headroom to accommodate the current negative trends.  The Negative
Outlook reflects further potential deterioration in performance
beyond Fitch's current expectations as traffic decline has not yet
stabilized.

                       PERFORMANCE UPDATE

DME's traffic declined by 7.5% in 2015 and by 9% during the first
eight months of 2016.  The loss of traffic in 2015 reflected the
economic decline in Russia with a significant 20% reduction in
international traffic while domestic traffic continued to grow.
Since 4Q15, the traffic decline also reflects the bankruptcy of
Transaero, but mostly flight restrictions to Egypt and Turkey.
Flight restrictions to Turkey were lifted at the end of August and
we expect a marginal positive impact on traffic from September.
DME lost its leadership of the Moscow aviation hub in 2015, with
its market share declining from 43% in 2014 to 39% in 2015 due to
dynamic competition from the other two main airports Sheremetyevo
(SVO) and Vnukovo (VKO).

2015 revenues declined by 4% to RUB39.4 bil. and 1H16 revenues
continued to decline at about the same rate.  As DME generates
almost 50% of revenues in USD and EUR, Fitch expected a positive
impact on rouble revenues as a result of rouble devaluation in
2014, all else being equal.  However, the substantial decline in
international traffic, which contributes the bulk of FX revenues,
and generally weaker operational performance resulted in an
overall revenue decline.  Compared with 2013, FX-denominated
revenues in absolute terms declined by about 40%, although their
share of total revenues is still high at the current exchange
rate.

2015 EBITDA declined by 12% to RUB14.8 bil. and Fitch understands
from management that this trend continued in 1H16.  Lower EBITDA
also reflects the compression of operating margins in auxiliary
aviation services such as jet fuel sales, fuelling and storage,
catering and commercial activities.  Nevertheless DME's leverage
remains low with gross leverage at 2.1x at the end of 2015 and
estimated to be the same level in 1H16.

The capex program to expand the terminal complex has been delayed,
with most of the expenditure shifting into later years. About a
quarter of the planned capex has been spent so far, without the
need to raise additional debt.  The construction of Terminal 2
started in 2014 with a revised completion in 2018.  DME is using
cash flows from operations and previously accumulated internal
liquidity to fund the near-term capex, but may need to raise
additional debt in 2017/2018.

                       KEY RATING DRIVERS

Revenue Risk (Volume): Midrange
DME benefits from a strong O&D traffic base with Moscow's large
catchment area of 36.8 million inhabitants, which represents most
of Russia's air traffic.  However, traffic at DME is leisure-
dominated.  The main airline operating at DME is S7, which
accounted for 29% of departure seats in 2015.  Fitch expects the
exposure to S7 to increase in 2016 with the loss of Transaero.
DME has elevated historical peak-to-trough volatility, with a
peak-to-trough decline of 12.9% in 2009.  DME competes with two
other airports in Moscow - SVO, which hosts Russia's national flag
carrier Aeroflot, and VKO.  A fourth Moscow airport Zhukovsky
started operations in 2016, although due to its small size, Fitch
expects competition to be limited.

Revenue Risk (Price): Midrange
DME's revenue structure remains well diversified as the airport
provides a comprehensive range of services.  Until early 2016, DME
operated under a dual-till regime with regulated aviation and
mostly unregulated auxiliary and commercial services.  In early
2016, the regulation of aviation services was lifted and DME can
now set tariffs with supervision from the regulator.  However,
Fitch has maintained a Midrange assessment for price risk due to
the lack of track record of operations in the liberalized regime
and dynamic competition among Moscow airports.

Infrastructure Renewal: Midrange

DME's runway capacity is sufficient for current operations and
growth, but substantial investments are required into expansion of
the terminal complex and related equipment.  The planned capex
program was delayed in 2013-2015 with the majority of expenditure
shifting into later years.

Debt Structure: Weaker
DME Airport Limited (an Irish SPV) issued USD300 mil. notes and
on-lent the proceeds to Hacienda Investments Ltd (Cyprus), a
subsidiary that owns most of the airport's fixed assets.  The loan
is guaranteed by the holding company DME Ltd and several other of
DME's operational subsidiaries on a joint and several basis.  The
guarantors' combined EBITDA and total assets should amount to at
least 85% of the consolidated group's EBITDA and total assets.
The notes are structured as corporate unsecured debt.  The notes
bear foreign exchange risk and refinancing risk with a bullet
maturity 2018.

Fitch's expects that DME should be able to refinance despite
weaker performance and materially lower FX-denominated revenues,
which have declined by about 40% from 2013 levels as a result of
loss of international traffic.  This view is supported by
reasonable leverage expectations and continued partial natural
hedge through a portion of FX revenues.

Debt Service

DME's leverage remains low with total debt/EBITDA of 2.1x at
YE2015, which is below Fitch's previous expectation of 2.4x.
Fitch rating case assumes 12% traffic decline in 2016 and a
gradual recovery afterwards, and our projections have been updated
to reflect the updated investment plan with some further capex
postponement and full use of internal liquidity to fund the near-
term capex needs.  Fitch now projects gross leverage at 2.6x at YE
2016, peaking at 2.7x in 2018 under the revised rating case.

                       RATING SENSITIVITIES

Future developments that could lead to negative rating action
include:

   -- Consistent deviation in financial performance from Fitch's
      rating case.
   -- Significant decline of the share of revenues collected in
      USD/EUR.
   -- Consolidated net debt/EBITDA above 4x under Fitch's rating
      case.

Rating upside potential is limited.  However, Fitch could revise
the Outlook to Stable when quarterly year-on-year traffic
stabilizes.



=========
S P A I N
=========


CODERE SA: S&P Raises Long-Term CCR to 'B', Outlook Stable
----------------------------------------------------------
S&P Global Ratings said that it had raised its long-term corporate
credit rating on Spain-based gaming company Codere S.A. to 'B'
from 'D,' as it has emerged from default.  The outlook is stable.

At the same time, S&P is withdrawing the 'D' issue-level ratings
on the company's senior unsecured notes.

The upgrade follows Codere's emergence from default and the
implementation of its comprehensive financial restructuring.  Its
post-emergence capital structure cancelled debt of about
EUR555 million, and S&P forecasts that its financial leverage will
remain at sustainable levels.  Codere further improved its
liquidity position with cash on the balance sheet increasing to
EUR320 million (from about EUR115 million before the
restructuring).  In addition, it strengthened its corporate
governance when the Martinez Sampedro family reduced its ownership
stake to about 20% (from 70% previously), and the board of
directors has been reinforced with six new board members (of nine
total members).

S&P's ratings on Codere incorporate S&P's assessment of its
business risk profile as weak.  This reflects its substantial
exposure to Latin America, particularly to Argentina and Mexico,
which together account for about 70% of EBITDA, and which S&P
regards as generally subject to greater political, foreign
exchange, and labor relations risks than European countries.

"We recognize that Codere operates in a highly regulated business
with strong barriers to entry, given the need for licenses to
operate, but this also includes regulatory risks that we cannot
overlook.  Codere is focused on the regional gaming model, which
although it tends to have lower cyclicality than the destination
model, is still very much exposed to macroeconomic trends and
discretionary spending.  We further acknowledge Codere's leading
positions in terms of market share in its main countries of
operations.  On the other hand, however, when compared against
rated peers, Codere's EBITDA margins and profitability metrics are
still below average.  Nonetheless, we recognize the company's
successful efforts over the past two years to reduce headcount by
almost 40% and introduce cost initiatives that are currently
yielding fruit," S&P said.

"S&P Global Ratings characterizes Codere's financial risk profile
as aggressive.  We expect adjusted debt to EBITDA to be about 4.5x
at year-end 2016, declining to 4.0x in 2017.  We note that 2016
includes sizable nonrecurring costs relating to its restructuring,
which we consider ongoing, consistent with their treatment in the
cash flow statement as operating activities.  We do not expect
these to run over in future years.  Our calculation of funds from
operations (FFO) to debt is weaker, at about 11%, to an extent
because of the payment-in-kind (PIK) debt in the current
structure.  EBITDA interest cover is expected to remain at about
3.0x pro forma for the postemergence capital structure.  We expect
sizable capital spending over the next two years (mostly already
prefunded), although we recognize that maintenance capex is
relatively low, as seen during the reorganization period.  Codere
was able to cut spending significantly without much repercussion,"
S&P noted.

Codere has a lack of track record in relation to its financial
policy and business plan execution since its emergence from
default under the new ownership structure.  In addition, S&P views
potential downside risks to cash flows from its Latin American
operations, which are not factored into S&P's base-case forecasts.
Codere currently does not hedge its exposure to currency
fluctuations, which can impact S&P's credit metrics, owing to the
emerging markets where it operates.  For this reason, S&P's rating
on Codere is one notch lower than its 'b+' anchor for the company,
after applying a negative comparable rating adjustment.

About 40% of Codere's EBITDA comes from Argentina (B-/Stable/B),
which S&P considers a material exposure.  Nonetheless, in S&P's
view, it thinks there is considerable likelihood that the company
would not default, even in a stress scenario such as S&P would
expect to follow a sovereign default.  S&P stressed the company's
financial performance and credit metrics under a simulated
Argentinian sovereign default scenario assuming a significant GDP
drop, notable currency devaluation, higher inflation, and a
haircut to the company's local cash position.  Even under this
hypothetical scenario, Codere would have enough cash flow
generation to cover its needs and would maintain liquidity sources
over uses of more than 1.0x for a one-year simulated stress
scenario.

The stable outlook reflects S&P's opinion that Codere will
continue to focus on improving its operating performance, while
controlling capital expenditures, cost management, and liquidity.
S&P expects Codere's credit metrics will likely remain comfortably
at the current rating level over the next 12 months, with adjusted
debt to EBITDA below 5.0x and EBITDA interest cover above 2.0x.

S&P could consider lowering the ratings if the group's operating
performance deteriorates and it is unable to rein in capital
spending accordingly, leading to weakening liquidity, which could
occur if covenant headroom reduced to less than 15%.  S&P could
also lower the ratings if the new owners materially increase
leverage by adopting a more aggressive financial policy with
respect to growth, investments, or shareholder returns.

S&P could consider raising the ratings if, given the potential
volatility of cash flows linked to Latin America, S&P continues to
see positive revenue and EBITDA growth leading adjusted debt to
EBITDA towards 3.5x and FFO to debt well above 20%, which S&P
considers comfortably sit in our significant financial risk
profile category.  An upgrade is contingent on management and
owners demonstrating a track record of their commitment to a
conservative financial policy following a period of an aggressive
strategy.



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


STATE LAND: Deposit Fund Appoints Liquidator, License Revoked
-------------------------------------------------------------
Ukrainian News Agency reports that the Deposit Guarantee Fund has
appointed Andrii Fedorchenko as the liquidator of the State Land
Bank for two years until September 26, 2018, inclusively.

Ukrainian News learned this from a statement posted by the company
in the disclosure system of the National Commission for Securities
and the Stock Market.

Creditors' claims are accepted within 30 days from the date of
publication of the announcement of liquidation procedure of State
Land Bank in the Holos Ukrainy newspaper, Ukrainian News
discloses.

On Sept. 27 the National Bank of Ukraine decided to revoke a
banking license of State Land Bank, Ukrainian News recounts.

State Land Bank is based in Kyiv.



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


COGNITA BONDCO: Moody's Affirms B2 Corporate Family Rating
----------------------------------------------------------
Moody's Investors Service has affirmed Cognita Bondco Parent
Limited's Corporate Family Rating (CFR) of B2 and probability of
default rating (PDR) of B2-PD. At the same time, Moody's has
affirmed the B2 instrument rating on the GBP280 million senior
secured notes due in 2021 and assigned a B2 instrument rating on
the new GBP45 million tap issuance on the existing senior secured
notes, both issued by Cognita Financing Plc. The outlook on the
ratings remains negative.

RATINGS RATIONALE

The affirmation of the B2 CFR follows the issuance of a new GBP45
million tap instrument on the existing senior secured notes to
repay the drawings under the company's upsized GBP100 million
Revolving Credit Facility (RCF, unrated). Moody's expects that the
renewed liquidity will support the funding of company's extensive
capital expenditure projects in Hong Kong, Singapore, Vietnam and
Spain.

The B2 CFR is constrained by the company's (1) high Moody's
adjusted leverage of 8.1x in the year ending August 2015; (2)
aggressive debt-funded acquisition and capacity expansion
strategy, limiting free cash flow generation and deleveraging
prospects in the near term; (3) reliance on its academic
reputation and brand quality in a highly regulated environment and
(4) exposure to changes in the political and legal environment in
emerging markets.

However, the B2 CFR reflects the company's (1) position as a
leading player with a geographically diversified portfolio of 70
schools on three continents; (2) established track-record of
achieving revenue growth and operational leverage through organic
and acquisitive growth and tuition fee increases above cost
inflation; (3) protection by barriers to entry through regulation,
brand reputation and purpose built real-estate portfolio; (4)
strong revenue visibility from committed student enrolments and
(5) supportive underlying growth drivers for the private-pay
education market.

"We consider Cognita's near-term liquidity position to be
adequate, based on a cash balance of about GBP54 million and fully
undrawn GBP100 million super senior RCF undrawn pro-forma for the
new tap issuance in September 2016. In addition, the company has
signed a separate HK$60 million Asian local working capital
facility," Moody's said.

"However, we expect the company to use its cash on the balance
sheet and RCF to fund its large projected capital expenditure,
including the remaining GBP69 million Singapore project
expenditure and GBP44 million Hong Kong development capex,"
Moody's said.

OUTLOOK

The negative rating outlook reflects Moody's expectation that the
Hong Kong and Singapore school projects and the company's
acquisitive growth strategy will delay Cognita's expected
reduction in leverage, with Moody's adjusted gross debt/EBITDA
likely to remain above 7.0x in the fiscal year ending August 2017.

"However, we expect the company will continue to benefit from
stable and predictable cash flows, revenue growth from planned
capacity increases and fee growth above cost inflation and achieve
cost efficiencies through operational leverage," Moody's said.

WHAT COULD CHANGE THE RATINGS UP

Upward rating pressure is unlikely over the next 12 months, given
the negative outlook. However, the outlook would likely revert to
stable, if the company's debt/EBITDA ratio falls below 7.0x on a
sustainable basis, while maintaining an adequate liquidity
profile.

Upward pressure on the ratings could develop over time if adjusted
debt-to-EBITDA declines and is sustained below 6.0x and retained
cash flow to debt improves above 10% while maintaining an adequate
liquidity profile.

WHAT COULD CHANGE THE RATINGS DOWN

Downward pressure on the ratings could be triggered by any delay
in the openings of both the new Singapore and Hong Kong campuses
planned for September 2017, if earnings or liquidity weakens or if
the company undertakes larger-scale acquisitions, such that
Moody's adjusted debt-to-EBITDA does not trend towards 7.0x by the
end of the fiscal year ending 2017.

The principal methodology used in these ratings was Business and
Consumer Service Industry published in December 2014.

Headquartered in the UK, Cognita Schools is an international
independent schools group offering primary and secondary private
education in 68 schools across seven countries in Europe, Asia and
Latin America. Bregal Capital and KKR Private Equity each own 50%
of the shares of Cognita. In the LTM May 2016 period, the company
reported GBP318 million revenue and GBP58.6 million management
adjusted EBITDA.


ELECTRICITY NORTHWEST: S&P Affirms 'BB+' CCR, Outlook Stable
------------------------------------------------------------
S&P Global Ratings affirmed its 'BBB+/A-2' long- and short-term
corporate credit ratings on U.K.-based regulated electricity
distribution utility Electricity North West Ltd. (ENW).

At the same time, S&P affirmed its 'BBB' long-term corporate
credit rating on North West Electricity Networks PLC (NWEN) and
S&P's 'BB+' long-term corporate credit rating on North West
Electricity Networks (Holdings) Ltd. (NWEN Holdings).

S&P's outlook on all three entities are stable.

S&P also affirmed its 'BB+' issue rating on NWEN Holdings' senior
secured debt.  The recovery rating remains unchanged at '4',
reflecting S&P's anticipation of recovery at the higher half of
the 30%-50% range.

ENW's excellent business risk profile reflects the stability and
high quality of the company's mainly regulated revenues from
electricity distribution activities.  S&P takes into account
operating performance as compared to the regulator, Ofgem's
requirements.  ENW consistently meets its operating target for
reliability and the availability of its network.  S&P do note,
however, that although ENW's customer satisfaction score is
improving, with only minor financial penalties incurred, it
remains the weakest performer within the sector.

ENW's significant financial risk profile reflects that of the
consolidated group, including the ultimate parent company, North
West Electricity Networks (Jersey) Ltd.  S&P bases its assessment
on a ratio of FFO-to-debt of about 11%-12% on average for the rest
of the current regulatory period ending 2023.  The group's
financial risk profile is constrained by high leverage, with the
ratio of debt to regulatory asset value (RAV) at about 90% on
average.  Another constraint is recurring negative discretionary
cash flow (DCF) as a result of ENW's large capital expenditure
(capex) program and shareholder distributions.  These factors are
partly offset by good profitability.

S&P believes that the reduced headroom in adjusted FFO to debt is
driven by margin pressure over the longer term and the company's
policy to operate close to covenant levels.

The lower ratings on the intermediate (NWEN) and ultimate holding
companies (NWEN Holdings) reflect their restricted access to cash
from the operating company, ENW.  ENW is their sole source of cash
generation.  Given S&P's views on the effectiveness of regulatory
ring-fencing in the U.K., and external liquidity resources at
NWEN, S&P views the credit quality at NWEN as only one notch
weaker than ENW.  However, S&P views the credit quality of NWEN
Holdings as a further two notches weaker than NWEN, given the
potential for further reduced cash flow due to structural
financial features at NWEN which reinforce the regulatory
protections around ENW.  Furthermore, should the credit quality of
ENW and NWEN deteriorate, S&P's view is that the regulatory ring-
fencing could strengthen further.

In S&P's base case, it assumes:

   -- Retail price index (RPI) growth of 3% in 2016-2017 and 2.5%
      in 2018;
   -- Mid-single-digit percentage revenue growth from 2017;
   -- Average EBITDA margins in line with the historical average;
   -- Capex of about GBP180 million to GBP195 million per year for
      the rest of the regulatory period; and
   -- Dividends in line with a ratio of debt to RAV of about 63%
      at the ENW level.

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

   -- FFO to debt of between to 14%-15% in 2016-2017 and then
      trending between 11%-12% over the rest of the regulatory
      period;
   -- Moderately negative DCF to debt; and
   -- Strong FFO cash interest cover, due to significant noncash
      RPI-linked accretion that S&P treats as interest.

The stable outlook reflects S&P's anticipation that the group's
adjusted FFO to debt will exceed our 9% threshold for the rating
over the regulatory period ending 2023.  S&P also believes the
consolidated group will maintain its focus on low-risk regulated
electricity distribution.

The stable outlooks on the other group entities reflect S&P's
anticipation that NWEN and NWEN Holdings will maintain adequate
stand-alone liquidity to cover their interest charges for at least
12 months, assuming a risk of a covenant breach at NWEN.

S&P could lower the ratings on all three entities if the group's
consolidated financial risk profile weakens, in particular, if FFO
to debt declines below 9% and S&P no longer assess the group's
financial risk profile as significant.  This could occur as a
result of increased leverage, a more aggressive dividend policy
than S&P currently anticipates, or deterioration in operating
performance.  However, S&P do not consider these scenarios likely.

S&P could also lower the long-term rating on NWEN Holdings to
increase the rating differential between NWEN and NWEN Holdings,
if S&P sees a higher risk that a regulatory ring fence will be put
in place.  Similarly, a higher risk of NWEN breaching its lock-up
covenant could constrain the rating on NWEN Holdings.

In addition, S&P could downgrade NWEN Holdings by one notch if
NWEN Holdings fails to maintain sufficient liquidity to cover
interest charges for 12 months.

S&P considers an upgrade unlikely, given the group's high
leverage.  However, S&P could raise the ratings on ENW if the
group's consolidated FFO-to-debt ratio improved to above 13% on a
sustainable basis and the company adopted a credit-supportive
dividend policy.  Furthermore, if S&P raises the ratings on ENW,
it would likely raise the ratings on NWEN and NWEN Holdings.


FINSBURY SQUARE 2016-2: Fitch Rates Class X Notes 'BB-(EXP)sf'
--------------------------------------------------------------
Fitch Ratings has assigned Finsbury Square 2016-2 Plc's notes
expected ratings as:

  Class A: 'AAA(EXP)sf', Outlook Stable
  Class B: 'AA(EXP)sf', Outlook Stable
  Class C: 'A(EXP)sf', Outlook Stable
  Class D: 'BBB+(EXP)sf', Outlook Stable
  Class E: Not rated
  Class X: 'BB-(EXP)sf', Outlook Stable
  Class Z: Not rated

The assignment of the final ratings is contingent on the receipt
of final documents conforming to information already received.

This transaction is a securitization of owner-occupied and buy-to-
let mortgages originated in the UK by Kensington Mortgage Company
Limited.

                         KEY RATING DRIVERS

Near Prime Mortgages

Fitch believes Kensington's underwriting practices are robust and
the lending criteria do not allow for any adverse credit 24 months
before application.  Kensington has a manual approach to
underwriting, focusing on borrowers with some form of adverse
credit or complex income.  Historical book-level performance data
displays robust performance, although data is limited, especially
for buy-to-let (BTL) originations.  Fitch assigned default
probabilities using the prime default matrix while applying an
upward lender adjustment.

Split Between Owner-occupied and BTL
In contrast to recent transactions with Kensington originations
(Gemgarto 2015-1 and 2015-2), the pool that is to be securitized
consists of a split of owner occupied (OO) and BTL originations.
The proportion of BTL originations in the provisional portfolio is
14.9%.

Product Switches Permitted
Borrowers are permitted to make one product switch during the
mortgage term and for the loan to remain within the pool.  While
there are restrictions around the type and volume of product
switches permissible, these loans earn less margins than the
reversionary interest rates under their original terms.  Fitch has
analyzed the effect of product switches by assuming the weakest
pool available under the product switch restrictions within the
transaction documents.

Unrated Originator and Seller
The originator and seller are unrated entities and so may have
limited resources to repurchase mortgages if there is a breach of
the representations and warranties (RW).  This is however
mitigated by a low incidence of previous breaches of the RW and a
file review performed by Fitch and a draft third-party AUP report
provided indicating no adverse findings material to the rating
analysis.  Fitch expects to receive the final AUP report before
assigning the final ratings.


GALA CORAL: S&P Puts 'B' CCR on CreditWatch Positive
----------------------------------------------------
S&P Global Ratings placed the 'B' long-term corporate credit
rating on U.K.-based gaming company Gala Coral Group Ltd. on
CreditWatch with positive implications.  S&P also placed on
CreditWatch positive the 'B+' issue rating on the company's GBP88
million outstanding senior notes due in 2018, and the 'CCC+' issue
rating on the GBP175 million outstanding senior notes due in 2019.

The CreditWatch placement reflects S&P's view that it is likely to
raise the corporate credit and issue ratings on Gala Coral when
the merger completes in the coming weeks.  S&P anticipates that,
on completion of the merger, Gala Coral will repay all of its
outstanding debt from funds raised by Ladbrokes, and that the
ratings on Gala Coral Group Ltd. will subsequently be withdrawn.

The merger of Gala Coral and Ladbrokes will create one of the
U.K.'s leading gaming operators.  The merged entity, which will be
called Ladbrokes Coral PLC, will have the largest retail estate in
the U.K. in the form of about 3,800 licensed betting offices
(LBOs) and the fourth-largest share of the online gaming market,
including a meaningful presence in Italy, Belgium, Spain, and
Australia.  The Competition and Markets Authority's approval of
the merger is contingent on the disposal of about 360 U.K. betting
shops, which is less than 10% of the existing estate.

S&P's rating on Ladbrokes PLC is 'BB' with a stable outlook.  S&P
is in the process of assessing the merger's impact, if any, on the
combined entity.  S&P anticipates that Ladbrokes Coral PLC will
continue to be rated above Gala Coral Group Ltd., hence S&P's
CreditWatch placement.

Gala Coral benefits from its diversified portfolio of cash-
generative brands in the U.K. and Italy, its large retail estate
in the U.K., and its recently strong operating performance.  These
strengths are partly offset by the company's inherent exposure to
regulatory and taxation risks in its core markets.  S&P continues
to assess its business risk profile as fair.

S&P anticipates that, in the financial year ending Sept. 30, 2016,
Gala Coral's S&P Global Ratings-adjusted debt to EBITDA will be
about 5x and its adjusted funds from operations to debt will be
about 10%.  These ratios underpin S&P's assessment of its
financial risk profile as highly leveraged, although they have
improved to the stronger end of the range for this category as a
result of deleveraging through rising EBITDA.

S&P aims to resolve the CreditWatch on completion of the Ladbrokes
merger, which S&P anticipates will occur in the next 90 days.  S&P
anticipates that it will raise the corporate credit rating on Gala
Coral to the level of the rating on Ladbrokes prior to withdrawing
it on the repayment of Gala Coral's debt.


GLOBAL PORTS: Fitch Assigns 'BB' Rating to USD350MM Notes
---------------------------------------------------------
Fitch Ratings has assigned Global Ports (Finance) PLC's (GPI
Finance) USD350 mil. notes a final senior unsecured rating of
'BB'. The Outlook is Negative.  GPI Finance is a fully owned
subsidiary of Global Ports Investments PLC (GPI; BB-/Negative).

The notes' 'BB' rating reflects our assessment of GPI's
consolidated credit profile as the unconditional and irrevocable
guarantee from the three major opcos give bondholders full and
unconditional access to group cash flow generation.  The rating of
GPI, the holdco, is notched down one level to 'BB-' to reflect the
ring-fencing features included in some subsidiaries' bank
financing.  These features, namely financial covenants at single
borrower level, prevent GPI's rating from being aligned with our
assessment of the group's consolidated profile.

                         KEY RATING DRIVERS

Eurobond Rating

GPI Finance has issued USD350m fixed-rate notes, which are
unconditionally and irrevocably guaranteed on a joint and several
basis by GPI (hold co) and its three major operating subsidiaries
(opco) First Container Terminal Incorporated (FCT), Joint-Stock
Company "Petrolesport" (PLP) and Vostochnaya Stevedoring Limited
Liability Company (VSC), representing 99% of consolidated EBITDA.
GPI intends to use the bond proceeds to refinance bank loans
raised at opco levels.  GPI's consolidated leverage therefore will
not increase as a result of the transaction.

The bond documentation includes a cross-default provision with
debt raised at the issuer, guarantor and subsidiary levels as well
as a cap on additional debt and restrictions on distributions
(both with carve-outs) when the pro-forma leverage ratio is higher
than 3.5x.  Fitch notes that the change of control clause does not
prevent APM Terminals -- one of the two co-controlling
shareholders -- to dispose of its 30.7% stake in GPI as the
bondholders' put option is exercisable only if a new shareholder
gains 50% or more of GPI share capital.

                       RATING SENSITIVITIES

The notes' rating is credit-linked to GPI's Long-Term IDR. Future
developments that could lead to negative rating action on GPI and
the notes include:

   -- GPI's Fitch-adjusted consolidated debt/EBITDA remaining
      above 5x over 2017-2019 in Fitch's rating case.

   -- Adverse policy decisions - such as the introduction of a
      tariff cap - or geopolitical events affecting the port
      sector.

   -- A change in shareholder structure with the co-controlling
      shareholder APMT disposing partly or entirely of its stake
      in GPI, which may affect our analysis of some rating
      factors such as refinancing risk and potentially GPI's
      ratings

The Outlook could be revised to Stable if GPI's leverage is firmly
on a downward path with Fitch-adjusted net debt to EBITDA falling
below 4x over three years.


GULF KEYSTONE: Bondholders to Take Control After Debt Deal Okayed
-----------------------------------------------------------------
Joe Mayes and Luca Casiraghi at Bloomberg News report that
Gulf Keystone Petroleum Ltd. bondholders won control of the
company after a London judge approved a debt-restructuring
agreement.

The decision gives creditors 85.5% of the company, Bloomberg
relays, citing a court ruling on Sept. 29.  The agreement won
near-unanimous support from bondholders, Bloomberg states.

Gulf Keystone, which operates in the Kurdish region of Iraq,
missed bond payments in April as it struggled with the collapse in
crude prices to below US$50 a barrel, Bloomberg recounts.  The
company has also been hindered by erratic payments from the
Kurdistan regional government amid the war against the so-called
Islamic State, Bloomberg discloses.

Existing shareholders will end up with 14.5% of the restructured
company, including a 10% stake purchased through a US$25 million
fundraising, Bloomberg states.

Gulf Keystone Petroleum Limited is an oil and gas exploration and
production company operating in the Kurdistan region of Iraq.  It
is listed on the main market of the London Stock Exchange.


MBIA UK: Moody's Puts Ba2 IFS Rating Under Review For Upgrade
-------------------------------------------------------------
Moody's Investors Service, has placed the Ba2 insurance financial
strength (IFS) rating of MBIA UK Insurance Limited (MBIA UK) on
review for upgrade following the announcement on 29 September that
MBIA Insurance Corporation (MBIA Corp. -- IFS rating
Caa1/negative) has agreed for its wholly owned subsidiary MBIA UK
(Holdings) Limited (MBIA UK Holdings -- not rated) to sell MBIA UK
to Assured Guaranty Corp. (AGC -- IFS rating A3/stable). The
consideration for the acquisition will consist of AGC delivering
approximately $347 million principal amount of Zohar II 2005-1
notes (guaranteed by MBIA Corp.) that are owned by AGC to MBIA UK
Holdings in exchange for all of the outstanding shares of MBIA UK
and $23 million in cash. The transaction is expected to close in
early 2017, pending various regulatory approvals and customary
closing conditions.

The transaction has no impact on the other ratings of the MBIA
group, including MBIA Inc. (senior debt Ba1/negative), National
Public Finance Guarantee Corporation (IFS rating A3/negative) or
MBIA Corp., nor does it affect the ratings of the Assured Guaranty
entities.

The rating action may also have implications for the transactions
wrapped by MBIA UK as discussed later in this press release.

RATINGS RATIONALE

Moody's stated that the rating action on MBIA UK reflects its
pending acquisition by AGC and the prospective improvement in its
overall credit profile as part of the Assured Guaranty group of
companies. In particular, Moody's notes that MBIA UK will benefit
from being owned by a well-capitalized AGC, as opposed to being a
subsidiary of MBIA Corp., which has a very weak liquidity and
capital position.

According to Moody's, MBIA UK's Ba2 insurance financial strength
rating reflects its meaningful stand-alone capital resources
relative to its insured exposures. This strength is tempered by
the company's limited stand-alone business profile as a company in
run-off and by its highly concentrated portfolio of European
infrastructure finance exposures that includes a number of very
large single risks, which exposes the company to heightened
idiosyncratic risk.

Moody's notes that MBIA Corp.'s receipt of Zohar II notes as
consideration for the sale of MBIA UK will improve MBIA Corp.'s
liquidity position to pay claims arising out of the likely default
of the Zohar II CLO transaction, which matures in January 2017.
The $347 million principal amount of Zohar II notes to be received
is approximately 45% of its $772 million of par exposure to Zohar
II at 2Q2016. However, the remaining Zohar II notes held by third-
party investors are still in excess of MBIA Corp.'s current
liquidity, which consisted of approximately $288 million of liquid
assets as of 30 June 2016, some of which is not available to pay
claims. As a result, MBIA Corp. remains exposed to a heightened
risk of regulatory intervention, which could result in a claims
payment freeze, partial claims payments, or rehabilitation
proceedings.

RATING DRIVERS

The closing of sale of MBIA UK to AGC under terms broadly
consistent with those announced by the company would most likely
lead to a rating upgrade on MBIA UK of at least one notch,
depending on the degree of support provided to MBIA UK following
its sale to AGC. As part of the rating review, Moody's will
consider the effect of implicit, and explicit, support from AGC
and/or the broader Assured Guaranty group on MBIA UK's IFS rating.

A termination of the planned transaction, with no material change
to MBIA UK's current business and financial profile would most
likely result in a confirmation of the insurer's IFS rating at the
current Ba2 level.

RATING LIST

The following rating has been placed on review for upgrade:

   -- MBIA UK Insurance Limited -- insurance financial strength
      at Ba2

TREATMENT OF WRAPPED TRANSACTIONS

Moody's ratings on securities that are guaranteed or "wrapped" by
a financial guarantor are generally maintained at a level equal to
the higher of the following: a) the rating of the guarantor (if
rated at the investment grade level); or b) the published
underlying rating (and for structured securities, the published or
unpublished underlying rating). Moody's approach to rating wrapped
transactions is outlined in Moody's methodology "Rating
Transactions Based on the Credit Substitution Approach: Letter of
Credit-backed, Insured and Guaranteed Debts" (December 2015).

MBIA UK Insurance Limited is a financial guaranty insurance
company based in the United Kingdom. MBIA UK is a wholly-owned
subsidiary of MBIA Insurance Corporation, which is a wholly-owned
subsidiary of MBIA Inc. As of December 31, 2015 MBIA UK reported
net par outstanding of approximately GBP9.7 billion and total
claims paying resources of approximately GBP535 million.

The principal methodology used in this rating was Financial
Guarantors published in April 2016.


MONARCH AIRLINES: Gets Temporary Operating License Extension
------------------------------------------------------------
Robert Wright at The Financial Times reports that Monarch
Airlines, the UK low-cost carrier, has won extra time to finalize
details of a cash injection after the aviation regulator granted
it a temporary extension to its operating license.

According to the FT, the extension gives the company until
Oct. 12 to finalize details of the extra funding it is due to
receive from its shareholders, led by Greybull Capital, the
investment vehicle of the London-based Meyohas Brothers.

The annual renewal of Monarch's Air Travel Organiser's Licence,
which expired at midnight on Sept. 30, had brought to a head
concerns about the company's financial stability, the FT relays.
The company has suffered, like other European airlines, from a
combination of economic uncertainty, fears prompted by terrorist
incidents and air traffic control disruption in France, the FT
notes.

The uncertainty forced Monarch on Sept. 26 to issue a statement
reassuring travelers about its financial health and promising a
"significant investment" in the company, the FT relays.   The
Civil Aviation Authority, which grants Atol certificates,
announced the extension on Sept. 30, less than four hours before
the expiry of the license, which would have forced Monarch to stop
accepting new bookings, the FT discloses.

The authority, as cited by the FT, said that, in order to issue
the extension, it had required the shareholder to provide
additional funding.

"Monarch now has 12 days to satisfy the CAA that the group is able
to meet the requirements for a full Atol license," the FT quotes
the CAA as saying.

Neither the CAA nor Monarch gave details of the commitments the
shareholders had given to secure the extension, or exactly what
new financial resources would be provided, the FT states.

According to the FT, Monarch, which had said on Sept. 26 it
expected to announce new funding in the coming days, said on Sept.
30 it was close to announcing the biggest investment in its 48-
year history.

Monarch Airlines, also known as and trading as Monarch, is a
British airline based at Luton Airport, operating scheduled
flights to destinations in the Mediterranean, Canary Islands,
Cyprus, Egypt, Greece and Turkey.


NEWGATE FUNDING 2007-1: S&P Raises Rating on Cl. Cb Notes to BB-
----------------------------------------------------------------
S&P Global Ratings affirmed its credit ratings on Newgate Funding
PLC series 2007-1's class A2, A3, Ma, Mb, Db, E, and F notes.  At
the same time, S&P has raised to 'BBB (sf)' from 'BB (sf)' its
ratings on the class Ba and Bb notes, and to 'BB- (sf)' from
'B (sf)' its rating on the class Cb notes.

The rating actions follow S&P's credit and cash flow analysis of
the transaction using information from the September 2016 investor
report and June 2016 loan-level data.  S&P's analysis reflects the
application of its U.K. residential mortgage-backed securities
(RMBS) criteria and S&P's current counterparty criteria.

In S&P's opinion, the performance of the loans in the collateral
pool has improved since its Sept. 13, 2013 review.  Total
delinquencies have decreased to 23.7% from 34.2%, 90+ days
delinquencies to 16.3% from 25.7%, and repossessions to 0.55% from
1.14%.  Although the abovementioned decreases are in line with the
evolution observed in our U.K. nonconforming RMBS index, Newgate
Funding's series 2007-1 pool has historically performed worse than
the other transactions in S&P's index.

Prepayments have remained stable since S&P's previous review.  As
of June 2016, the prepayment rate in this transaction was about
9.1%, which is in line with the 9.0% observed in our index.

The lower arrears levels and greater proportion of the loans in
the pools receiving seasoning credit benefitted our weighted-
average foreclosure frequency (WAFF) calculations.  S&P's
weighted-average loss severity (WALS) assumptions have decreased
at all rating levels.  The transaction has benefitted from the
decrease in the weighted-average current loan-to-value ratios.

Rating        WAFF     WALS
               (%)      (%)
AAA          43.39    41.04
AA           37.38    34.20
A            31.99    23.51
BBB          27.43    17.56
BB           22.60    13.61
B            20.46    10.41

Credit enhancement levels have increased for all rated classes of
notes since S&P's previous review.  The notes benefit from a
liquidity facility and reserve funds.  The facilities are not
amortizing as the respective cumulative loss triggers have been
breached.

The structure started amortizing pro rata in March 2016 because
all of the pro rata triggers are currently met.  S&P has
considered this in its cash flow analysis.

S&P's credit and cash flow analysis indicates that the available
credit enhancement for the class Db, E, and F notes is
commensurate with the currently assigned ratings.  S&P has
therefore affirmed its 'B- (sf)' ratings on these classes of
notes.

S&P considers the available credit enhancement for the class Ba,
Bb, and Cb notes to be commensurate with higher ratings than those
currently assigned.  S&P has therefore raised to 'BBB (sf)' from
'BB (sf)' its ratings on the class Ba and Bb notes, and to
'BB- (sf)' from 'B (sf)' its rating on the class Cb notes.

"In our credit and cash flow analysis, we consider the available
credit enhancement for the class A2, A3, Ma, and Mb notes to be
commensurate with higher ratings than those currently assigned.
However, the liquidity facility and bank account provider
(Barclays Bank PLC; A-/Negative/A-2) breached the 'A-1+' downgrade
trigger specified in the transaction documents, following our
lowering of its long- and short-term ratings in November 2011.
Because no remedy actions were taken following our November 2011
downgrade, our current counterparty criteria cap the maximum
potential rating on the notes in this transaction at our 'A-'
long-term issuer credit rating on Barclays Bank.  We have
therefore affirmed our 'A- (sf)' ratings on the class A2, A3, Ma,
and Mb notes," S&P said.

Newgate Funding's series 2007-1 is a U.K. nonconforming RMBS
transaction with collateral comprising a pool of first-ranking
mortgages over freehold and leasehold owner-occupied properties.
Based on loan-level data provided for June 2016, the collateral
pool comprises 21.2% first-time buyer loans and 57.0% self-
certified loans.

RATINGS LIST

Class            Rating
          To              From

Newgate Funding PLC
EUR162.8 Million, GBP406.95 Million, $132 Million Mortgage-Backed
And Excess Spread Floating-Rate Notes Series 2007-1

Ratings Affirmed

A2        A- (sf)
A3        A- (sf)
Ma        A- (sf)
Mb        A- (sf)
Db        B- (sf)
E         B- (sf)
F         B- (sf)

Ratings Raised

Ba        BBB (sf)        BB (sf)
Bb        BBB (sf)        BB (sf)
Cb        BB- (sf)        B (sf)


NEWGATE FUNDING 2007-2: S&P Affirms B- Ratings on 3 Note Classes
----------------------------------------------------------------
S&P Global Ratings affirmed its credit ratings on Newgate Funding
PLC series 2007-2's class A2, A3, Cb, Db, E, and F notes.  At the
same time, S&P has raised to 'A- (sf)' from 'BBB+ (sf)' its rating
on the class M notes and to 'BBB- (sf)' from 'BB- (sf)' its rating
on the class Bb notes.

The rating actions follow S&P's credit and cash flow analysis of
the transaction using information from the September 2016 investor
report and June 2016 loan-level data.  S&P's analysis reflects the
application of its U.K. residential mortgage-backed securities
(RMBS) criteria and S&P's current counterparty criteria.

In S&P's opinion, the performance of the loans in the collateral
pool has improved since its Sept. 13, 2013 review.  Total
delinquencies have decreased to 25.6% from 33.6%, 90+ days
delinquencies to 17.8% from 25.7%, and repossessions to 0.54% from
0.69%.  Although the abovementioned decreases are in line with the
evolution observed in S&P's U.K. nonconforming RMBS index, Newgate
Funding's series 2007-2 pool has historically performed worse than
the other transactions in its index.

Prepayments have remained stable since S&P's previous review.  As
of June 2016, the prepayment rate in this transaction was about
8.5%, which is lower than the 9.0% observed in S&P's index.

The lower arrears levels and greater proportion of the loans in
the pools receiving seasoning credit benefitted S&P's weighted-
average foreclosure frequency (WAFF) calculations.  S&P's
weighted-average loss severity (WALS) assumptions have decreased
at all rating levels.  The transaction has benefitted from the
decrease in the weighted-average current loan-to-value ratios.

Rating        WAFF     WALS
               (%)      (%)
AAA          42.77    42.86
AA           37.07    36.14
A            31.88    25.57
BBB          27.32    19.56
BB           22.76    15.45
B            20.79    12.05

Credit enhancement levels have increased for all rated classes of
notes since S&P's previous review.  The notes benefit from a
liquidity facility and reserve funds.  The facilities are not
amortizing as the respective cumulative loss triggers have been
breached.

The structure started amortizing pro rata in December 2015 because
all of the pro rata triggers are currently met.  S&P has
considered this in its cash flow analysis.

S&P's credit and cash flow analysis indicates that the available
credit enhancement for the class Cb, Db, E, and F notes is
commensurate with the currently assigned ratings.  S&P has
therefore affirmed its 'B (sf)' rating on the class Cb notes and
our 'B- (sf)' ratings on the class Db, E, and F notes.

S&P considers the available credit enhancement for the class M and
Bb notes to be commensurate with higher ratings than those
currently assigned.  S&P has therefore raised to 'A- (sf)' from
'BBB+ (sf)' its rating on the class M notes and to 'BBB- (sf)'
from 'BB- (sf)' its rating on the class Bb notes.  The available
credit enhancement for the class M notes is commensurate with a
higher rating than 'A- (sf)', but S&P's rating on this class of
notes is capped by its rating on Barclays Bank PLC as explained
below.

In S&P's credit and cash flow analysis, it considers the available
credit enhancement for the class A2 and A3 notes to be
commensurate with higher ratings than those currently assigned.
However, the bank account provider (Barclays Bank; A-/Negative/A-
2) breached the 'A-1+' downgrade trigger specified in the
transaction documents, following our lowering of its long- and
short-term ratings in November 2011.  Because no remedy actions
were taken following S&P's November 2011 downgrade, its current
counterparty criteria caps the maximum potential rating on the
notes in this transaction at S&P's 'A-' long-term issuer credit
rating on Barclays Bank.  S&P has therefore affirmed its 'A- (sf)'
ratings on the class A2 and A3 notes.

Newgate Funding's series 2007-2 is a U.K. nonconforming RMBS
transaction with collateral comprising a pool of first-ranking
mortgages over freehold and leasehold owner-occupied properties.
Based on loan-level data provided for June 2016, the collateral
pool comprises 19.2% first-time buyer loans and 61.2% self-
certified loans.

RATINGS LIST

Class            Rating
          To              From

Newgate Funding PLC
EUR177.55 Million, GBP337.5 Million Mortgage-Backed And Excess
Spread Floating-Rate Notes Series 2007-2

Ratings Affirmed

A2        A- (sf)
A3        A- (sf)
Cb        B (sf)
Db        B- (sf)
E         B- (sf)
F         B- (sf)

Ratings Raised

M         A- (sf)         BBB+ (sf)
Bb        BBB- (sf)       BB- (sf)


NEWGATE FUNDING 2007-3: S&P Raises Rating on Cl. D Notes to BB
--------------------------------------------------------------
S&P Global Ratings raised its credit ratings on Newgate Funding
PLC series 2007-3's class A3, Ba, Bb, Cb, and D notes.  At the
same time, S&P has affirmed its ratings on the class A2b and E
notes.

The rating actions follow S&P's credit and cash flow analysis of
the transaction using information from the September 2016 investor
report and June 2016 loan-level data.  S&P's analysis reflects the
application of its U.K. residential mortgage-backed securities
(RMBS) criteria and S&P's current counterparty criteria.

In S&P's opinion, the performance of the loans in the collateral
pool has improved since its Sept. 13, 2013 review.  Total
delinquencies have decreased to 15.9% from 21.7%, 90+ days
delinquencies to 8.7% from 13.0%, and repossessions to 0.35% from
0.79%.  The abovementioned decreases are in line with the
evolution observed in S&P's U.K. nonconforming RMBS index.

Prepayments have remained stable since S&P's previous review.  As
of June 2016, the prepayment rate in this transaction was about
7.0%, which is lower than the 9.0% observed in S&P's index.

The lower arrears levels and greater proportion of the loans in
the pools receiving seasoning credit benefitted S&P's weighted-
average foreclosure frequency (WAFF) calculations.  S&P's
weighted-average loss severity (WALS) assumptions have decreased
at all rating levels.  The transaction has benefitted from the
decrease in the weighted-average current loan-to-value ratios.

Rating        WAFF     WALS
               (%)      (%)
AAA          33.22    44.38
AA           26.83    37.68
A            21.74    27.24
BBB          17.50    21.34
BB           13.18    17.35
B            11.40    13.93

Credit enhancement levels have increased for all rated classes of
notes since S&P's previous review.  The notes benefit from a
liquidity facility and reserve funds.  The facilities are not
amortizing as the respective cumulative loss triggers have been
breached.

The structure started amortizing pro rata in September 2014
because all of the pro rata triggers are currently met.  S&P has
considered this in its cash flow analysis.

S&P's credit and cash flow analysis indicates that the available
credit enhancement for the class A2b and E notes is commensurate
with the currently assigned ratings.  S&P has therefore affirmed
its 'A- (sf)' rating on the class A2b notes and its 'B- (sf)'
rating on the class E notes.

S&P considers the available credit enhancement for the class A3,
Ba, Bb, Cb, and D notes to be commensurate with higher ratings
than those currently assigned.  S&P has therefore raised to
'A- (sf)' from 'BBB+ (sf)' its rating on the class A3 notes, to
'BBB (sf)' from 'BB (sf)' its ratings on the class Ba and Bb
notes, to 'BBB- (sf)' from 'B (sf)' S&P's rating on the class Cb
notes, and to 'BB (sf)' from 'B- (sf)' its rating on the class D
notes.  The available credit enhancement for class A3 notes is
commensurate with a higher rating than 'A- (sf)', but S&P's rating
on this class of notes is capped by S&P's rating on Barclays Bank
PLC as explained below.

"In our credit and cash flow analysis, we consider the available
credit enhancement for the class A2b notes to be commensurate with
a higher rating than that currently assigned.  However, the bank
account provider (Barclays Bank; A-/Negative/A-2) breached the 'A-
1+' downgrade trigger specified in the transaction documents,
following our lowering of its long- and short-term ratings in
November 2011.  Because no remedy actions were taken following our
November 2011 downgrade, our current counterparty criteria cap the
maximum potential rating on the notes in this transaction at our
'A-' long-term issuer credit rating on Barclays Bank.  We have
therefore affirmed our 'A- (sf)' rating on the class A2b notes,"
S&P said.

Newgate Funding's series 2007-3 is a U.K. nonconforming RMBS
transaction with collateral comprising a pool of first-ranking
mortgages over freehold and leasehold owner-occupied properties.
Based on loan-level data provided for June 2016, the collateral
pool comprises 20.8% first-time buyer loans and 54.8% self-
certified loans.

RATINGS LIST

Class            Rating
          To              From

Newgate Funding PLC
EUR485 Million, GBP503.55 Million Mortgage-Backed Floating-Rate
Notes Series 2007-3

Ratings Affirmed

A2b       A- (sf)
E         B- (sf)

Ratings Raised

A3        A- (sf)         BBB+ (sf)
Ba        BBB (sf)        BB (sf)
Bb        BBB (sf)        BB (sf)
Cb        BBB- (sf)       B (sf)
D         BB (sf)         B- (sf)


PENMAN ENGINEERING: Cuts 60 Jobs Following Cash Flow Problems
-------------------------------------------------------------
BBC News reports that administrators have confirmed just 15 staff
remain at Penman Engineering following the latest round of job
cuts.

Sixty staff were made redundant on Sept. 29 due to cashflow
problems, BBC discloses.  The company from near Dumfries had about
140 employees when it went into administration last month, BBC
notes.

Mark Ranson -- mark.ranson@armstrongwatson.co.uk -- of
administrators Armstrong Watson said a delay in the receipt of
funds from customers meant the staff could not be kept on, BBC
relates.

"The administrators have been seeking recovery of those funds from
customers, and will continue to do so," BBC quotes Mr. Ranson as
saying.

"All staff affected will be kept informed and payments will be
made as soon as funds become available.

"Fifteen employees have been retained by the administrators to
help complete various tasks relating to the collection of
remaining debts and the ongoing sale of the business."

Meanwhile, Dumfries and Galloway Council leader Ronnie Nicholson
has written to First Minister Nicola Sturgeon seeking her support
for the struggling business, BBC relays.

According to BBC, Mr. Nicholson said the loss of more than 100
skilled jobs -- including apprentices -- were "individual
tragedies" and also a "further blow" to the region's economy.

He asked Ms. Sturgeon to ensure the Scottish government intervened
as it had to broker a deal at the Dalzell steel works, BBC notes.

Penman Engineering is an armored vehicle firm.


SOUTHERN PACIFIC 05-3: S&P Raises Rating on Class FTc Notes to B-
-----------------------------------------------------------------
S&P Global Ratings raised to 'BB+ (sf)' from 'B+ (sf)' its credit
ratings on Southern Pacific Securities 05-3 PLC's class D1a and
D1c notes, and to 'B-(sf)' from 'CCC(sf)' its rating on the class
FTc notes.  At the same time, S&P has affirmed its ratings on the
class B1a, B1c, C1a, C1c, and E1c notes.

The rating actions follow S&P's credit and cash flow analysis of
the most recent information that it has received for this
transaction (as of June 2016) and the application of S&P's
relevant criteria.

In the December 2012 investor report, the servicer (Acenden Ltd.)
updated how it reports arrears to include amounts outstanding,
delinquencies, and other amounts owed.  The servicer's definition
of other amounts owed include (among other items), arrears of
fees, charges, costs, ground rent, and insurance.  Delinquencies
include principal and interest arrears on the mortgages, based
on the borrowers' monthly installments.  Amounts outstanding are
principal and interest arrears, after payments from borrowers are
first allocated to other amounts owed.

In this transaction, the servicer first allocates any arrears
payments first to other amounts owed, then to interest amounts,
and subsequently to principal.  From a borrowers' perspective, the
servicer first allocates any arrears payments to interest and
principal amounts, and secondly to other amounts owed.  This
difference in the servicer's allocation of payments for the
transaction and the borrower, results in amounts outstanding being
greater than delinquencies.  Except for a drop in the total
delinquencies by 1.23% in September 2013, amounts outstanding and
delinquencies have both been rising, with the former increasing at
a higher rate.

Acenden references the level of amounts outstanding to arrive at
the 90+ day arrears.  The transaction pays principal sequentially
because the 90+ day arrears trigger of 22.5% remains breached.  As
the amounts outstanding continue to increase at a diminishing
rate, S&P considers that the transaction will likely continue
paying principal sequentially and it has incorporated this
assumption in its cash flow analysis.

The liquidity facility was restructured in December 2014.  The
triggers related to its amortization were removed and the
liquidity facility amount was decreased to 12% of the notes'
outstanding balance (excluding the class DTc and F notes) and
subject to a floor of GBP1.5 million.  The liquidity facility was
previously GBP22.0 million and is now GBP6.7 million.

The transaction's total delinquencies are higher than S&P's U.K.
nonconforming residential mortgage-backed securities (RMBS) index.
However total delinquencies decreased to 37.16% (as of June 2016)
from 39.74% in September 2013.  S&P has therefore projected
arrears in its credit analysis.  This has led S&P to lower its
weighted-average foreclosure frequency (WAFF) assumptions since
its Oct. 29, 2013 review.

Given the servicer's method of allocation of payments of other
amounts owed for the transaction, in S&P's analysis, it expects
potential losses to be higher and have factored the other amounts
owed into our weighted-average loss severity (WALS) calculations.

Rating     WAFF     WALS
level       (%)      (%)
AAA       54.12    51.79
AA        48.45    43.25
A         41.74    31.55
BBB       35.81    25.35
BB        29.34    21.12
B         26.21    18.41

The combination of lower credit coverage (except at the 'AAA'
level) and transaction deleveraging, has resulted in stronger cash
flow results.  Consequently, following the decrease in S&P's WAFF
and WALS assumptions (except at the 'AAA' and 'AA' levels) and the
results of S&P's cash flow analysis, it has raised to 'BB+ (sf)'
from 'B+ (sf)' its ratings on the class D1a and D1c notes.

S&P considers the available credit enhancement for the class E1c
notes to be commensurate with the currently assigned rating.
Furthermore, S&P do not expect this class of notes to experience
interest shortfalls in the next 12 to 18 months.  S&P has
therefore affirmed its 'B- (sf)' rating on the class E1c notes.

S&P has affirmed its ratings on the class B1a, B1c, C1a, and C1c
notes because its current counterparty criteria continue to caps
the maximum achievable ratings at S&P's long-term 'A-' issuer
credit rating on Barclays Bank PLC as the guaranteed investment
contract account provider.

The issuer pays interest and principal on the class FTc notes
using only excess spread.  Since S&P's previous review, the
balance of the class FTc notes has declined by 73% to
GBP1.3 million from GBP4.8 million.  Considering the recent pace
of repayment of this class of notes, the high level of excess
spread, and S&P's economic forecasts, it has raised to 'B- (sf)'
from 'CCC (sf)' its rating on the class FTc notes.

Southern Pacific Securities 05-3 is a securitization of
nonconforming U.K. residential mortgages originated by Southern
Pacific Mortgage Ltd. and Southern Pacific Personal Loans Ltd.

RATINGS LIST

Class           Rating
          To             From

Southern Pacific Securities 05-3 PLC
EUR304.3 Million, GBP153 Million, And $100 Million Mortgage-Backed
Floating-Rate Notes Plus An Over-Issuance Of Mortgage Backed
Floating-Rate Notes And Mortgage-Backed Deferrable Interest Notes

Ratings Raised

D1a       BB+ (sf)       B+ (sf)
D1c       BB+ (sf)       B+ (sf)
FTc       B- (sf)        CCC (sf)

Ratings Affirmed

B1a       A- (sf)
B1c       A- (sf)
C1a       A- (sf)
C1c       A- (sf)
E1c       B- (sf)



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


* BOND PRICING: For the Week September 26 to September 30, 2016
---------------------------------------------------------------

Issuer                  Coupon    Maturity  Currency  Price
------                  ------    --------  --------  -----
Deutsche Bank AG           6.00               EUR     74.81
Rickmers Holding AG        8.88  6/11/2018    EUR     21.88
Fomento de Construccion    6.50 10/30/2020    EUR     47.97
Scholz Holding Gmbh        8.50   3/8/2017    EUR      8.00
Oi Brasil Holdings Coop    5.75  2/10/2022    USD     24.42
Brighthouse Group PLC      7.88  5/15/2018    GBP     58.38
CSN Resources SA           6.50  7/21/2020    USD     66.61
Ensco PLC                  5.20  3/15/2025    USD     69.87
Portugal Telecom Intern    4.63   5/8/2020    EUR     23.51
Banca Monte dei Paschi     5.00  4/21/2020    EUR     63.09
Abengoa SA                 8.50  3/31/2016    EUR      4.53
Abengoa Finance SA         8.88   2/5/2018    EUR      4.26
Cooperativa Muratori &     7.50   8/1/2021    EUR     74.19
Casino Guichard Perrach    1.33               EUR     53.37
Veneto Banca SpA           9.50  12/1/2025    EUR     67.86
Ensco PLC                  5.75  10/1/2044    USD     59.90
Ajecorp BV                 6.50  5/14/2022    USD     54.71
Sacyr SA                   4.00   5/8/2019    EUR     74.06
Nordea Bank AB             0.44               EUR     58.84
Banque Federative du Cr    0.56               EUR     55.72
KTG Energie AG             7.25  9/28/2018    EUR      6.00
Portugal Telecom Intern    4.38  3/24/2017    EUR     23.63
Banca Monte dei Paschi     2.36  5/15/2018    EUR     64.50
Banca Popolare di Vicen    9.50  9/29/2025    EUR     67.77
Banca Monte dei Paschi     5.60   9/9/2020    EUR     63.22
Oi Brasil Holdings Coop    5.63  6/22/2021    EUR     24.02
Abengoa Finance SA         6.00  3/31/2021    EUR      4.02
Grupo Isolux Corsan Fin    6.63  4/15/2021    EUR     17.51
Aldesa Financial Servic    7.25   4/1/2021    EUR     68.13
KTG Agrar SE               7.13   6/6/2017    EUR      1.72
Banca Monte dei Paschi     0.70 11/30/2017    EUR     65.08
Bank of New York Mellon    4.20 12/15/2050    EUR     35.87
Portugal Telecom Intern    5.88  4/17/2018    EUR     23.50
Abengoa Finance SA         7.00  4/15/2020    EUR      4.19
Credit Agricole SA         0.68               EUR     61.86
HSBC Bank PLC              1.19               USD     66.56
Offshore Drilling Holdi    8.38  9/20/2020    USD     56.00
AXA SA                     0.72               EUR     57.34
Ensco PLC                  4.50  10/1/2024    USD     69.89
Intelsat Luxembourg SA     7.75   6/1/2021    USD     31.06
Portugal Telecom Intern    5.00  11/4/2019    EUR     23.51
CGG SA                     1.75   1/1/2020    EUR      4.90
PagesJaunes Finance & C    8.88   6/1/2018    EUR     60.08
Fuerstenberg Capital II    5.63               EUR     66.22
EnQuest PLC                7.00  4/15/2022    USD     48.75
Bilt Paper BV              9.64               USD     46.05
Gol LuxCo SA               8.88  1/24/2022    USD     63.50
Far East Capital Ltd SA    8.00   5/2/2018    USD     44.78
QGOG Constellation SA      6.25  11/9/2019    USD     44.41
OAS Investments GmbH       8.25 10/19/2019    USD      5.30
Homann Holzwerkstoffe G    7.00 12/14/2017    EUR     72.38
CGG SA                     5.88  5/15/2020    EUR     53.99
Novo Banco SA              5.00  4/23/2019    EUR     70.03
Banco Espirito Santo SA    4.00  1/21/2019    EUR     21.88
Portugal Telecom Intern    6.25  7/26/2016    EUR     22.61
Aegon NV                   0.16               EUR     54.78
BPCE SA                    1.76               USD     64.50
Brunswick Rail Finance     6.50  11/1/2017    USD     53.52
Santander International    2.00               USD     42.63
Aegon NV                   1.43               USD     66.15
Banco Espirito Santo SA    2.63   5/8/2017    EUR     22.00
Abengoa Greenfield SA      5.50  10/1/2019    EUR      4.23
HSBC Bank PLC              1.19               USD     66.85
CGG SA                     6.50   6/1/2021    USD     49.80
Portugal Telecom Intern    4.50  6/16/2025    EUR     23.44
Fiat Chrysler Automobil    7.88 12/15/2016    USD     63.69
Bank of New York Mellon    3.96 12/30/2099    EUR     10.50
Rudolf Woehrl AG           6.50  2/12/2018    EUR     16.00
HSH Nordbank AG/Luxembo    2.10               EUR     16.33
Barclays Bank PLC          1.50               USD     69.75
Indo Energy Finance II     6.38  1/24/2023    USD     70.38
BNP Paribas Fortis SA      1.70               EUR     65.59
Air France-KLM             2.03  2/15/2023    EUR     10.28
Intelsat Jackson Holdin    5.50   8/1/2023    USD     69.48
Mriya Agro Holding PLC     9.45  4/19/2018    USD      6.13
IMMOFINANZ AG              4.25   3/8/2018    EUR      4.45
ING Groep NV               0.25               EUR     57.82
Econocom Group SA/NV       1.50  1/15/2019    EUR     13.75
Etablissements Maurel e    1.63   7/1/2019    EUR     16.36
AXA SA                     1.77               USD     71.44
ADLER Real Estate AG       2.50  7/19/2021    EUR     14.99
Frigoglass Finance BV      8.25  5/15/2018    EUR     62.52
Banque Federative du Cr    0.65               EUR     54.97
AXA SA                     0.73               EUR     64.37
AXA SA                     0.47               EUR     62.13
Rothschilds Continuatio    1.19               USD     43.83
DTEK Finance PLC           7.88   4/4/2018    USD     65.20
Barclays Bank PLC          1.25               USD     69.75
Johnston Press Bond Plc    8.63   6/1/2019    GBP     61.00
CNP Assurances             0.36               EUR     51.55
Ageasfinlux SA             1.05               EUR     47.75
Financiere Quick SAS       7.21 10/15/2019    EUR     67.08
Banco Espirito Santo SA    4.75  1/15/2018    EUR     22.50
Nordea Bank Norge ASA      1.13               USD     59.85
KTG Agrar SE               7.25 10/15/2019    EUR      1.77
Intelsat Luxembourg SA     6.75   6/1/2018    USD     67.00
Societe Generale SA        1.06               USD     62.75
Rothschilds Continuatio    0.54               EUR     49.11
Yuksel Insaat AS           9.50 11/10/2015    USD     35.88
Neopost SA                 3.38               EUR     47.16
WPE International Coope   10.38  9/30/2020    USD     14.25
Banco Espirito Santo SA    7.13 11/28/2023    EUR      0.28
AXA SA                     1.43               USD     71.00
Pacific Drilling SA        5.38   6/1/2020    USD     28.13
HSH Nordbank AG            7.25               USD     26.54
Banca Monte dei Paschi     0.71  1/15/2018    EUR     63.89
CHC Helicopter SA          9.25 10/15/2020    USD     49.50
Intelsat Jackson Holdin    7.50   4/1/2021    USD     74.58
UkrLandFarming PLC        10.88  3/26/2018    USD     30.00
Solstad Offshore ASA       4.57  6/24/2019    NOK     60.88
Algeco Scotsman Global    10.75 10/15/2019    USD     59.96
Assystem                   4.50               EUR     29.68
Abengoa Finance SA         8.88  11/1/2017    USD      8.25
DTEK Finance PLC          10.38  3/28/2018    USD     65.15
BNP Paribas SA             0.99               USD     59.77
CEVA Group PLC             9.00   9/1/2021    USD     67.00
BNP Paribas SA             1.15               EUR     52.17
Aegon NV                   5.19               NLG     59.81
ING Groep NV               0.65               EUR     61.43
Barclays Bank PLC          1.19               USD     59.75
CGG SA                     6.88  1/15/2022    USD     49.94
Intelsat Luxembourg SA     8.13   6/1/2023    USD     31.25
BBVA International Pref    1.40               GBP     61.00
Capital Funding GmbH       2.09               EUR     68.00
Aegon NV                   4.26               NLG     71.25
Alno AG                    8.50  5/14/2018    EUR     48.50
Fred Olsen Energy ASA      4.06  2/28/2019    NOK     30.13
Takko Luxembourg 2 SCA     9.88  4/15/2019    EUR     57.52
Danske Bank Oyj            0.66               EUR     52.00
Bibby Offshore Services    7.50  6/15/2021    GBP     65.09
Nexity SA                  0.13   1/1/2023    EUR     67.97
Aegon NV                   1.51               NLG     55.00
DNB Bank ASA               1.38               USD     58.38
Immigon Portfolioabbau    10.00               EUR      3.42
HSBC Bank PLC              1.04               USD     66.61
Sapinda Invest SARL        5.00  6/30/2019    EUR     67.00
Santander Finance Prefe    0.61               EUR     52.00
European Directories Bo    7.00  12/9/2018    EUR     51.75
ATF Capital BV            10.00               USD     63.38
Union Fenosa Preferente    1.37               EUR     73.17
National Westminster Ba    1.50               USD     67.00
Transcapitalbank JSC Vi   10.00  9/18/2020    USD     73.00
VistaJet Malta Finance     7.75   6/1/2020    USD     43.75
Abengoa Finance SA         7.75   2/1/2020    USD      3.97
Scandinavian Airlines S    0.63               CHF     26.13
EnQuest PLC                7.00  4/15/2022    USD     49.25
NIBC Bank NV               0.66               EUR     47.44
Co-Operative Bank PLC/U    8.50   7/1/2025    GBP     73.07
Novo Banco SA              3.50   1/2/2043    EUR     48.41
Credit Mutuel Arkea SA     0.44               EUR     49.48
Jyske Bank A/S             0.49               EUR     52.38
DNB Bank ASA               1.13               USD     58.38
Ichor Coal NV              8.00   6/7/2017    EUR     69.43
OGX Austria GmbH           8.50   6/1/2018    USD      0.03
Pierre & Vacances SA       3.50  10/1/2019    EUR     40.33
OSX 3 Leasing BV          13.00  3/20/2015    USD     22.88
Fuerstenberg Capital Er    1.45               EUR     55.38
Hema Bondco II BV          8.50 12/15/2019    EUR     48.01
Bluewater Holding BV      10.00 12/10/2019    USD     44.00
Virgolino de Oliveira F   10.50  1/28/2018    USD      6.51
Oi Brasil Holdings Coop    5.75  2/10/2022    USD     23.93
Privatbank CJSC Via UK    11.00   2/9/2021    USD     62.50
Etablissements Maurel e    2.75   7/1/2021    EUR     10.58
Greene King Finance PLC    2.46  3/15/2036    GBP     69.70
Banca Monte dei Paschi     3.01 10/31/2018    EUR     63.08
German Pellets GmbH        7.25 11/27/2019    EUR      0.87
CGG SA                     1.25   1/1/2019    EUR     21.72
Far East Capital Ltd SA    8.75   5/2/2020    USD     46.00
Banco Espirito Santo SA    2.36               EUR      0.33
Hema Bondco I BV           5.25  6/15/2019    EUR     72.73
Mitchells & Butlers Fin    0.98 12/15/2033    GBP     71.67
Paragon Offshore PLC       6.75  7/15/2022    USD     28.25
DOF Subsea AS              6.02  5/22/2018    NOK     72.00
Caixa Terrassa Societat    0.41               EUR     51.00
Afren PLC                  6.63  12/9/2020    USD      0.07
Ekosem-Agrar GmbH          8.50  12/7/2022    EUR     56.63
Caisse Federale du Cred    0.70               EUR     50.37
Hypo Tirol Bank AG         0.17  7/23/2026    EUR     70.38
BIM SAS                    2.50 11/13/2020    EUR     26.54
syncreon Group BV / syn    8.63  11/1/2021    USD     75.25
DNB Bank ASA               1.39               USD     58.35
Abengoa SA                 6.25  1/17/2019    EUR      4.12
BPCE SA                    0.29               EUR     50.40
Banca Carige SpA           8.34               EUR     61.38
Societe Generale SA        0.81               EUR     49.00
Bank of Scotland PLC       1.25               USD     66.52
Matalan Finance PLC        8.88   6/1/2020    GBP     65.28
SOITEC                     6.75  9/18/2018    EUR      2.49
Espirito Santo Financia    3.13  12/2/2018    EUR      0.40
Ekosem-Agrar GmbH          8.75  3/23/2021    EUR     59.75
Heta Asset Resolution A    5.92 12/31/2023    EUR     41.75
Jyske Bank A/S             0.53               EUR     50.75
Paragon Offshore PLC       7.25  8/15/2024    USD     28.00
Banco Bilbao Vizcaya Ar    1.00               EUR     69.67
Waste Italia SpA          10.50 11/15/2019    EUR     29.63
German Pellets GmbH        7.25   7/9/2018    EUR      0.99
Norske Skog Holding AS     8.00  2/24/2021    EUR     39.54
Lambay Capital Securiti    6.25               GBP      1.06
Steilmann SE               7.00  9/23/2018    EUR      4.52
E Forland AS               7.84   9/4/2018    NOK     62.63
Mriya Agro Holding PLC    10.95  3/30/2016    USD      5.75
Sequa Petroleum NV         5.00  4/29/2020    USD     65.29
Eurobank Ergasias SA       1.30   6/8/2017    EUR     70.88
NIBC Bank NV               1.84               USD     54.69
Novo Banco SA              5.00  5/14/2019    EUR     70.06
Afren PLC                 11.50   2/1/2016    USD      0.06
NTRP Via Interpipe Ltd    10.25   8/2/2017    USD     26.01
Afren PLC                 10.25   4/8/2019    USD      0.08
Virgolino de Oliveira F   11.75   2/9/2022    USD      6.25
Cofinoga Funding Two LP    1.52               EUR     67.00
Abengoa Greenfield SA      6.50  10/1/2019    USD      8.25
Cattles Ltd                7.13   7/5/2017    GBP      1.05
CHC Helicopter SA          9.38   6/1/2021    USD     19.50
BOA OCV AS                 6.75  10/7/2019    NOK     49.25
Novo Banco SA              3.00  6/21/2022    USD     63.01
Espirito Santo Financia    6.88 10/21/2019    EUR      0.05
Phones4u Finance PLC       9.50   4/1/2018    GBP     55.75
Cooperatieve Rabobank U    0.50 11/26/2021    ZAR     63.56
Banco Santander SA         0.80               EUR     51.43
Immigon Portfolioabbau     5.00   9/7/2020    EUR      4.50
Enterprise Holdings LTD    7.00  3/30/2020    EUR     22.63
Abengoa Finance SA         8.88  11/1/2017    USD      4.75
Phosphorus Holdco PLC     10.00   4/1/2019    GBP      2.57
Novo Banco SA              5.00   4/4/2019    EUR     69.79
LBI HF                     6.10  8/25/2011    USD     11.50
Candyking Holding AB       5.00  1/29/2018    SEK     38.00
Touax SA                   6.00  7/10/2020    EUR     18.03
Sanha GmbH & Co KG         7.75   6/4/2018    EUR     57.88
Heta Asset Resolution A    0.46 12/31/2023    EUR     41.50
Travel24.com AG            7.50  9/17/2017    EUR     35.00
Norske Skogindustrier A    2.00 12/30/2115    EUR     15.00
Novo Banco SA              5.00  2/24/2022    EUR     67.36
Action SA                  3.19   7/4/2017    PLN     66.48
Dexia SA                   4.89               EUR      3.11
Pescanova SA               5.13  4/20/2017    EUR      2.17
International Industria    9.00   7/6/2011    EUR      0.45
Bank Nadra via NDR Fina    8.25  7/31/2018    USD      1.37
BLT Finance BV             7.50  5/15/2014    USD      2.26
Solor Bioenergi Holding    6.25  11/2/2017    NOK     52.50
Pescanova SA               8.75  2/17/2019    EUR      2.23
IKB Deutsche Industrieb    5.63  3/31/2017    EUR     25.38
Elli Investments Ltd      12.25  6/15/2020    GBP     29.63
Mitchells & Butlers Fin    2.51  6/15/2036    GBP     72.36
Bremer Landesbank Kredi    8.50               EUR     63.50
Credit Lyonnais SA         1.81               EUR     50.02
Lloyds Bank PLC            1.19               USD     66.38
Dexia Credit Local SA      1.43               EUR      2.47
Enterprise Holdings LTD    7.00  9/26/2017    EUR     30.63
Hybrid Raising GmbH        6.63               EUR     17.25
National Westminster Ba    1.13               USD     63.75
Lloyds Bank PLC            1.37 11/27/2033    USD     92.45
ESFIL-Espirito Santo Fi    5.25  6/12/2015    EUR      0.37
Laurel GmbH                7.13 11/16/2017    EUR     22.50
Petrol AD                  8.38  1/26/2017    EUR     27.50
Tonon Luxembourg SA       10.50  5/14/2024    USD     42.25
Deutsche Bank AG/London    0.59  3/15/2033    USD     61.40
Praktiker AG               5.88  2/10/2016    EUR      0.12
Aralco Finance SA         10.13   5/7/2020    USD      1.76
Oceanteam ASA             11.96 10/24/2017    USD     48.75
Novo Banco SA              5.00  3/15/2022    EUR     67.25
Banco Espirito Santo SA    6.88  7/15/2016    EUR     20.63
Royal Bank of Scotland     1.19               USD     68.50
Banca Monte dei Paschi     7.00   3/4/2019    EUR     65.00
Virgolino de Oliveira F   10.88  1/13/2020    USD     19.38
TGC-2 OJSC                12.00 10/10/2018    RUB     70.06
Havila Shipping ASA        9.58  8/30/2017    NOK     19.00
Strenesse AG               9.00  3/15/2017    EUR     23.00
Hellenic Republic Gover    6.14  4/14/2028    EUR     72.88
Sydbank A/S                0.77               EUR     50.75
OP Corporate Bank plc      0.61               EUR     50.35
Banca delle Marche SpA     0.65   6/1/2017    EUR      1.00
Vneshprombank Ltd via V    9.00 11/14/2016    USD      0.16
Heta Asset Resolution A    4.35 12/31/2023    EUR     41.75
Ausy                       3.25   1/1/2021    EUR     60.52
Argon Capital PLC for R    2.89               GBP     75.00
Manchester Building Soc    6.75               GBP     28.38
Tonon Luxembourg SA        7.25  1/24/2020    USD     10.50
Solarworld AG              6.13  1/21/2017    EUR     42.63
Portugal Telecom Intern    5.24  11/6/2017    EUR     23.13
Paragon Offshore PLC       7.25  8/15/2024    USD     28.50
Ajecorp BV                 6.50  5/14/2022    USD     54.41
Deutsche Bank AG/London    2.64  6/30/2034    USD     68.52
International Industria   11.00  2/19/2013    USD      0.45
Steilmann SE               6.75  6/27/2017    EUR      4.44
Abengoa Greenfield SA      6.50  10/1/2019    USD      5.25
JZ Capital Partners Ltd    6.00  7/30/2021    GBP     10.50
Alpine Holding GmbH        6.00  5/22/2017    EUR      0.63
Lloyds Bank PLC            0.44  2/22/2033    USD     60.00
Beate Uhse AG              7.75   7/9/2019    EUR     25.13
Island Drilling Co ASA     9.50   4/3/2018    USD      5.00
Viking Supply Ships AS     9.34  3/21/2017    NOK     30.25
OGX Austria GmbH           8.38   4/1/2022    USD      0.01
SNS Bank NV                6.25 10/26/2020    EUR      2.49
Royal Bank of Scotland     0.71 11/16/2030    USD     78.51
LBI HF                     6.25               EUR      0.00
Lehman Brothers UK Capi    5.13               EUR      0.25
Alcatel-Lucent SA          0.13  1/30/2020    EUR      4.49
National Westminster Ba    1.38               USD     58.75
Koninklijke Luchtvaart     0.75               CHF     36.50
Abengoa Finance SA         7.75   2/1/2020    USD      6.35
SNS Bank NV               11.25               EUR      0.79
Novo Banco SA              5.00  5/21/2019    EUR     69.77
Cooperatieve Rabobank U    0.50  1/31/2033    MXN     28.30
Corporate Commercial Ba    8.25   8/8/2014    USD      0.70
Lloyds Bank PLC            0.71  1/31/2033    USD     61.62
GNB - Cia de Seguros de    3.20               EUR     55.88
Immigon Portfolioabbau     7.00  7/24/2022    EUR     35.00
Iona Energy Co UK PLC     12.50  9/27/2018    USD      3.86
Sydbank A/S                0.80               EUR     75.00
BOA Offshore AS            7.83 12/18/2018    NOK     35.00
Manchester Building Soc    8.00               GBP     39.50
Lloyds Bank PLC            0.85  2/26/2033    USD     74.00
Sankt-Peterburg Telecom   10.70  1/31/2022    RUB     61.17
Golden Gate AG             6.50 10/11/2014    EUR     49.00
Lloyds Bank PLC            1.33               USD     66.25
Smart Solutions GmbH       8.00  12/3/2018    EUR     21.00
Farstad Shipping ASA       4.46  5/29/2018    NOK     38.63
Deutsche Bank AG/London    0.77  8/28/2034    USD     65.88
Hellenic Republic Gover    5.20  7/17/2034    EUR     63.75
Dexia Kommunalbank Deut    4.88 12/31/2016    EUR     37.50
Northland Resources AB     4.00 10/15/2020    USD      0.01
OT-Optima Telekom DD       5.25  5/30/2022    HRK     65.00
Cirio Holding Luxembour    6.25  2/16/2004    EUR      1.33
Novo Banco SA              5.00  5/23/2019    EUR     69.57
Brunswick Rail Finance     6.50  11/1/2017    USD     53.71
GNB - Cia de Seguros de    1.90 12/19/2022    EUR     60.25
Belfius Bank SA/NV         1.73               FRF     69.63
Windreich GmbH             6.50  7/15/2016    EUR     10.88
Societe Alsacienne et L    1.63   1/1/2022    EUR     61.08
Geotech Seismic Service   10.50 10/17/2018    RUB     69.77
Santander Finance Capit    2.00               EUR     41.38
Espirito Santo Financia    9.75 12/19/2025    EUR      0.66
Windreich GmbH             6.50   3/1/2015    EUR     10.88
Santander Finance Capit    2.00               USD     41.50
Banco Espirito Santo SA    1.25  5/27/2018    EUR      0.37
Vseukrainsky Aktsinerny   10.90  6/14/2019    USD      1.06
Eidesvik Offshore ASA      5.58  5/22/2018    NOK     69.00
Breeze Finance SA          6.71  4/19/2027    EUR     26.50
Farstad Shipping ASA       5.32  2/15/2017    NOK     45.75
Sidetur Finance BV        10.00  4/20/2016    USD      5.25
Talvivaara Mining Co PL    9.75   4/4/2017    EUR      0.67
Olympic Ship AS            7.29  9/21/2017    NOK     32.00
Electromagnetic Geoserv    7.07  6/27/2019    NOK     44.38
Commerzbank Holdings UK    1.38               USD     65.16
German Pellets GmbH        7.25   4/1/2016    EUR      0.93
Ideal Standard Internat   11.75   5/1/2018    EUR     14.63
Barclays Bank PLC          0.69  2/25/2031    USD     73.00
Danske Bank Oyj            1.30               EUR     53.38
Far Eastern Shipping Co   14.00 11/28/2017    RUB     70.10
Barclays Bank PLC          1.28  5/31/2033    USD     65.60
IGas Energy PLC           10.00 12/11/2018    USD     31.50
SeaBird Exploration Fin    6.00   3/3/2018    USD     18.38
Popular Capital SA         0.53               EUR     45.75
Offshore Drilling Holdi    8.38  9/20/2020    USD     55.88
Sazka AS                   9.00  7/12/2021    EUR      0.54
Takko Luxembourg 2 SCA     6.71  4/15/2019    EUR     49.52
Pacific Drilling SA        5.38   6/1/2020    USD     29.50
Svensk Exportkredit AB     0.50  6/20/2029    AUD     74.44
Teksid Aluminum Luxembo   11.38  7/15/2011    EUR      1.99
Abengoa SA                 4.50   2/3/2017    EUR      7.13
Banca Carige SpA           1.72 12/29/2018    EUR     50.50
Sairgroup Finance BV       4.38   6/8/2006    EUR     18.88
EFG International AG       0.85               EUR     63.00
Autonomous Community of    1.10   9/8/2024    EUR     72.54
Novo Banco SA              3.50  1/23/2043    EUR     48.53
Lloyds Bank PLC            1.00               USD     66.20
UniCredit Bank Austria     0.18 12/27/2031    EUR     65.13
Nexity SA                  0.63   1/1/2020    EUR     55.65
Eniro AB                   6.00  4/14/2020    SEK     23.86
Cirio Finanziaria SpA      8.00 12/21/2005    EUR      5.63
Finance and Credit Bank    9.25  1/25/2019    USD      0.37
Lehman Brothers UK Capi    5.75               EUR      0.04
Lehman Brothers Treasur    6.00  11/2/2035    EUR     11.88
Kaupthing ehf              7.63  2/28/2015    USD     17.63
DOF ASA                    8.08  9/12/2019    NOK     40.13
Hellas Telecommunicatio    8.50 10/15/2013    EUR      0.00
Olympic Ship AS            6.08  6/18/2019    NOK     27.00
Banco Pinto & Sotto May    0.75               EUR     20.00
Novo Banco SA              3.50  2/19/2043    EUR     48.48
IT Holding Finance SA      9.88 11/15/2012    EUR      0.23
Cooperatieve Rabobank U    0.50  7/30/2043    MXN     15.87
Cirio Finance Luxembour    7.50  11/3/2002    EUR      9.60
Capital Raising GmbH       7.50               EUR     17.50
Steilmann SE               7.00   3/9/2017    EUR      4.52
Heta Asset Resolution A    5.73 12/31/2023    EUR     39.75
Region of Abruzzo Italy    0.24  11/7/2036    EUR     60.27
Rena GmbH                  7.00 12/15/2015    EUR      8.63
Talvivaara Mining Co PL    4.00 12/16/2015    EUR      0.18
PA Resources AB            3.00 12/27/2017    NOK      0.23
Orient Express Bank PJS   12.00  5/29/2019    USD     55.00
Standard Chartered PLC     1.25               USD     63.33
Brighthouse Group PLC      7.88  5/15/2018    GBP     58.88
Gebr Sanders GmbH & Co     8.75 10/22/2018    EUR     58.75
Santander Finance Capit    2.00               USD     41.50
Cirio Del Monte NV         7.75  3/14/2005    EUR      6.25
Mobylife Holding A/S       7.25  5/23/2018    SEK     67.75
Lehman Brothers Treasur    6.00  2/15/2035    EUR     11.88
PA Resources AB           13.50   3/3/2016    SEK      0.11
World Wide Supply AS       7.75  5/26/2017    USD     10.00
Standard Chartered PLC     1.21               USD     63.17
Abanka Vipa DD Via Afin    1.60               EUR      0.47
Havila Shipping ASA        8.60  3/30/2017    NOK     39.88
Volstad Shipping AS        7.06  4/15/2019    NOK     25.00
Santander Finance Capit    2.00               EUR     41.38
Dannemora Mineral AB      11.75  3/22/2016    USD      0.92
Hellenic Republic Gover    2.09  7/25/2057    EUR     29.75
Alpine Holding GmbH        5.25  6/10/2016    EUR      0.63
CNP Assurances             2.00               EUR     63.99
Rena GmbH                  8.25  7/11/2018    EUR      8.63
Barclays Bank PLC          0.84  3/21/2033    USD     65.95
Uppfinnaren 1 AB          10.00               SEK     65.38
BNP Paribas SA             0.66  4/30/2033    USD     58.39
Far East Capital Ltd SA    8.00   5/2/2018    USD     45.00
Bremer Landesbank Kredi    9.50               EUR     71.38
Lehman Brothers Treasur    7.25  10/5/2035    EUR      9.63
QGOG Constellation SA      6.25  11/9/2019    USD     43.93
Credit Suisse AG/Guerns    0.94               USD     58.00
Cooperatieve Rabobank U    0.50 10/30/2043    MXN     15.89
Immigon Portfolioabbau     7.00   3/6/2021    EUR     33.50
Grupo Isolux Corsan Fin    6.63  4/15/2021    EUR     17.50
CRC Breeze Finance SA      6.11   5/8/2026    EUR     52.63
Norske Skogindustrier A    7.13 10/15/2033    USD     23.50
Northland Resources AB     4.00 10/15/2020    NOK      0.01
Banco Espirito Santo SA    6.90  6/28/2024    EUR     20.25
CGG SA                     6.88  1/15/2022    USD     49.88
EDOB Abwicklungs AG        7.50   4/1/2012    EUR      0.25
DEIKON GmbH                1.00 11/16/2016    EUR     28.01
Frey                       6.00 11/15/2022    EUR     22.50
Activa Resources AG        8.00 11/15/2017    EUR     12.50
Afren PLC                  6.63  12/9/2020    USD      0.06
getgoods.de AG             7.75  10/2/2017    EUR      0.03
Deutsche Bank AG/London    0.46  1/31/2033    USD     64.01
IVG Immobilien AG          5.55               EUR      0.37
UkrLandFarming PLC        10.88  3/26/2018    USD     29.50
AKB Finprombank PAO       14.00  10/2/2018    RUB      9.43
Virgolino de Oliveira F   10.50  1/28/2018    USD      6.38
Norske Skog Holding AS     8.00  2/24/2023    USD     38.50
IKB Deutsche Industrieb    4.70  3/31/2017    EUR     26.85
Standard Chartered PLC     0.75               GBP     60.19
PNE Wind AG                3.75 10/10/2019    EUR      2.94
MegaFon PJSC               9.95   5/9/2019    RUB     61.33
Oi Brasil Holdings Coop    5.63  6/22/2021    EUR     23.52
Singulus Technologies A    7.75  3/23/2017    EUR     39.75
Norske Skogindustrier A    7.13 10/15/2033    USD     23.50
Tonon Luxembourg SA       10.50  5/14/2024    USD     40.13
Societe Generale SA        9.50  5/21/2018    USD     56.80
Algeco Scotsman Global    10.75 10/15/2019    USD     59.72
AgroGeneration             8.00   4/1/2019    EUR     74.11
Sberbank of Russia PJSC   12.27   1/2/2026    RUB     60.03
RENE LEZARD Mode GmbH      7.25 11/25/2017    EUR     28.56
Havila Shipping ASA        4.87  11/8/2016    NOK     39.75
Heta Asset Resolution A    4.88 12/31/2023    EUR     42.75
Barclays Bank PLC          1.70  4/19/2033    USD     65.25
Nationwide Building Soc    0.90               GBP     70.00
Abengoa SA                 5.13   3/5/2017    USD      3.62
Waste Italia SpA          10.50 11/15/2019    EUR     29.63
Kaupthing ehf              5.75  10/4/2011    USD     17.63
Cooperatieve Rabobank U    0.50 10/29/2027    MXN     43.49
Novo Banco SA              3.50  3/18/2043    EUR     48.48
Atari SA                   7.50  2/17/2020    EUR      0.30
Assystem                   4.00   1/1/2017    EUR     24.82
Banco Espirito Santo SA   10.00  12/6/2021    EUR      0.37
Far East Capital Ltd SA    8.75   5/2/2020    USD     45.38
Accentro Real Estate AG    6.25  3/27/2019    EUR      6.70
Gazprom Neft PJSC          9.80   5/3/2046    RUB     61.03
Lehman Brothers Treasur    8.25  3/16/2035    EUR     11.88
Agroton Public Ltd         6.00  7/14/2019    USD     10.00
Mriya Agro Holding PLC     9.45  4/19/2018    USD      6.13
Gol LuxCo SA               8.88  1/24/2022    USD     63.63
Italy Government Intern    0.18  7/31/2045    EUR     73.98
Veneto Banca SpA           6.95  2/25/2025    EUR     55.13
IM Skaugen SE              9.98  4/11/2017    NOK     36.75
Kaupthing ehf              5.75  10/4/2011    USD     17.63
Aldesa Financial Servic    7.25   4/1/2021    EUR     68.25
Norske Skog Holding AS     8.00  2/24/2021    EUR     40.13
Cooperatieve Rabobank U    0.50 11/30/2027    MXN     43.44
Russian Post FGUP         12.00 10/18/2019    RUB     60.26
Heta Asset Resolution A    7.50 12/31/2023    ATS     31.70
Bibby Offshore Services    7.50  6/15/2021    GBP     65.50
Pescanova SA               6.75   3/5/2015    EUR      2.29
ADLER Real Estate AG       6.00  6/30/2017    EUR     13.50
Alfa-Bank AO               9.75  7/24/2031    RUB     60.66
Minicentrales Dos SA       4.81 11/29/2034    EUR     65.75
INVEST-DEVELOPMENT PJSC   15.00   4/2/2026    RUB     60.36
Western Bulk Chartering    7.76  4/19/2019    NOK     71.63
Tonon Luxembourg SA        7.25  1/24/2020    USD     10.50
OAS Investments GmbH       8.25 10/19/2019    USD      4.56
HPI AG                     3.50               EUR      8.88
Transneft PJSC             9.45   8/3/2023    RUB     60.88
CEVA Group PLC             9.00   9/1/2021    USD     67.00
Immigon Portfolioabbau     7.00   3/8/2021    EUR     35.00
OGX Austria GmbH           8.50   6/1/2018    USD      0.03
Mox Telecom AG             7.25  11/2/2017    EUR      3.01
Barclays Bank PLC          1.73 11/29/2030    USD     73.84
Finmek International SA    7.00  12/3/2004    EUR      0.13
Paragon Offshore PLC       6.75  7/15/2022    USD     28.75
Depfa Funding II LP        6.50               EUR     56.75
SAir Group                 0.13   7/7/2005    CHF     11.13
Bilt Paper BV              9.64               USD     46.88
Banco Espirito Santo SA    2.53               EUR     11.00
Region of Abruzzo Italy    0.08  11/7/2031    EUR     73.81
State of Carinthia         0.73  7/20/2017    CHF      0.20
LBI HF                     6.10  8/25/2011    USD     11.50
Del Monte Finance Luxem    6.63  5/24/2006    EUR      5.25
MS Deutschland Beteilig    6.88 12/18/2017    EUR      9.03
CGG SA                     5.88  5/15/2020    EUR     53.88
Solon SE                   1.38  12/6/2012    EUR      0.33
KPNQwest NV               10.00  3/15/2012    EUR      0.57
CSN Resources SA           6.50  7/21/2020    USD     65.51
Afren PLC                 10.25   4/8/2019    USD      0.07
Alpha Bank AE              1.40   2/1/2017    EUR     68.50
Immigon Portfolioabbau     6.00  3/30/2017    EUR     59.00
Municipality Finance PL    0.50 11/25/2020    ZAR     68.92
Norske Skog Holding AS     8.00  2/24/2023    USD     38.75
Heta Asset Resolution A    0.34 12/31/2023    EUR     41.75
Lehman Brothers Treasur    2.88  3/14/2013    CHF     11.88
More & More AG             8.13  6/11/2018    EUR     40.38
Indo Energy Finance II     6.38  1/24/2023    USD     70.95
Heta Asset Resolution A    0.16 12/31/2023    EUR     42.25
Alpine Holding GmbH        5.25   7/1/2015    EUR      0.63
Kaupthing ehf              6.13  10/4/2016    USD     17.63
Takko Luxembourg 2 SCA     9.88  4/15/2019    EUR     58.25
Lloyds Bank PLC            1.69  4/26/2033    USD     60.00
UniCredit Bank Austria     0.22  8/20/2033    EUR     63.75
Golden Energy Offshore     5.00 12/31/2017    NOK     26.00
Gunther Zamek Produktio    7.75  5/15/2017    EUR      1.55
Delta Credit Bank JSC     11.75  11/2/2016    RUB     60.55
Depfa Funding IV LP        5.03               EUR     56.00
Svensk Exportkredit AB     0.50  1/31/2022    ZAR     62.97
VistaJet Malta Finance     7.75   6/1/2020    USD     43.75
Kaupthing ehf              7.13  5/19/2016    USD      0.00
APP International Finan   11.75  10/1/2005    USD      0.56
Governo Portugues Conso    3.00               EUR     74.00
KPNQwest NV                8.88   2/1/2008    EUR      0.57
Abengoa Finance SA         8.88   2/5/2018    EUR      4.26
wige MEDIA AG              6.00  3/17/2019    EUR      2.00
Standard Chartered PLC     1.13               USD     61.50
Synergy PJSC              12.90  4/29/2020    RUB     60.88
Banca Popolare di Vicen    9.50  10/2/2025    EUR     63.88
Kommunekredit              0.50  2/20/2020    BRL     72.31
LBI HF                     2.25  2/14/2011    CHF      7.75
UniCredit Bank Austria     0.22 12/31/2031    EUR     67.13
Northland Resources AB    15.00  7/15/2019    USD      0.10
Lehman Brothers Treasur    5.10   5/8/2017    HKD      9.63
Blaker Sparebank           4.77               NOK     53.20
Novo Banco SA              3.00 12/16/2021    EUR     55.50
Hellenic Republic Gover    2.27   2/7/2022    EUR     72.76
Lehman Brothers Treasur    1.75   2/7/2010    EUR      0.85
Hema Bondco II BV          8.50 12/15/2019    EUR     48.25
Sairgroup Finance BV       6.63  10/6/2010    EUR     20.00
Immigon Portfolioabbau     1.31  7/29/2018    EUR      2.00
Banco Pastor SA            2.10               EUR     29.63
Hema Bondco I BV           5.25  6/15/2019    EUR     73.13
KPNQwest NV                7.13   6/1/2009    EUR      0.56
Bulgaria Steel Finance    12.00   5/4/2013    EUR      1.09
Cooperativa Muratori &     7.50   8/1/2021    EUR     74.75
Virgolino de Oliveira F   10.88  1/13/2020    USD     19.38
NNK-Aktiv AO               0.01  7/21/2020    RUB     60.03
Phones4u Finance PLC       9.50   4/1/2018    GBP     55.75
Eximbank of Russia JSC    12.10 11/11/2025    RUB     60.56
Societe Generale SA        1.60   1/9/2020    GBP      1.10
Espirito Santo Financia    5.05 11/15/2025    EUR      0.06
Region of Piemont Italy    0.01 11/27/2036    EUR     61.31
Minaya Capital AG          7.00   8/1/2018    EUR     68.00
Orient Express Bank PJS   13.60   8/9/2018    RUB     59.01
Governo Portugues Conso    2.75               EUR     66.00
Polyus PJSC               12.10   7/3/2025    RUB     66.07
ECM Real Estate Investm    5.00  10/9/2011    EUR     10.38
Alpha Bank AE              1.35   3/8/2017    EUR     68.00
BLT Finance BV            12.00  2/10/2015    USD     10.50
Italy Government Intern    0.19  7/31/2045    EUR     74.45
Lehman Brothers Treasur    7.00  5/17/2035    EUR     11.88
Minicentrales Dos SA       6.45  4/14/2028    EUR     65.75
SiC Processing GmbH        7.13   3/1/2016    EUR      1.26
LBI HF                     4.65               EUR      0.00
Artea                      6.00   8/4/2019    EUR     14.81
syncreon Group BV / syn    8.63  11/1/2021    USD     75.00
Aralco Finance SA         10.13   5/7/2020    USD      1.76
Abengoa Greenfield SA      5.50  10/1/2019    EUR      4.23
Virgolino de Oliveira F   11.75   2/9/2022    USD      6.25
CHC Helicopter SA          9.25 10/15/2020    USD     49.00
CBo Territoria             6.00   1/1/2020    EUR      4.16
Kommunekredit              0.50 10/22/2019    BRL     74.66
SNS Bank NV                2.45               EUR      0.79
Credit Suisse AG/London    7.25 11/10/2016    CHF     67.79
Notenstein Finance Guer    1.00  9/17/2019    CHF     48.92
Mechel PJSC                8.00   2/9/2021    RUB     60.00
Veneto Banca SpA          10.00 10/22/2022    EUR     67.38
Abengoa SA                 6.25  1/17/2019    EUR      4.34
Autonomous Community of    2.97   9/8/2039    JPY     66.29
Lloyds Bank PLC            1.43  7/29/2033    USD     72.85
Financiere Quick SAS       7.21 10/15/2019    EUR     67.15
Johnston Press Bond Plc    8.63   6/1/2019    GBP     61.00
Dexia Kommunalbank Deut    5.63 12/31/2017    EUR     13.13
Finans-Avia OOO            8.25  7/31/2022    RUB     60.50
Rusfinans Bank OOO        13.90  4/24/2018    RUB     61.62
Phosphorus Holdco PLC     10.00   4/1/2019    GBP      2.57
friedola Gebr Holzapfel    7.25  4/11/2017    EUR      3.67
DTEK Finance PLC           7.88   4/4/2018    USD     63.18
Banco Comercial Portugu    5.00               EUR     42.05
Ekotechnika AG             9.75  5/10/2018    EUR      9.50
Nuova Banca Popolare de    1.72  9/28/2017    EUR      0.81
Afren PLC                 11.50   2/1/2016    USD      0.06
Sankt-Peterburg Telecom   10.70  1/31/2022    RUB     60.26
Portigon AG                7.46 12/31/2019    EUR     19.05
PagesJaunes Finance & C    8.88   6/1/2018    EUR     60.13
RZD Rasvytie vokzalov     12.50 10/21/2016    RUB     10.20
Societe Generale SA        0.14  2/28/2033    USD     73.50
Bank Nederlandse Gemeen    0.50  7/12/2022    ZAR     60.06
Kaupthing ehf              9.00               USD      0.13
Marine Subsea AS           9.00 12/16/2019    USD      0.50
SAir Group                 6.25  4/12/2005    CHF     12.13
BANIF - Banco Internaci    4.50  1/30/2025    EUR     65.63
Delta Credit Bank JSC      8.40 10/21/2023    RUB     60.15
Kaupthing ehf              6.13  10/4/2016    USD     17.63
WGF Westfaelische Grund    6.35  12/1/2016    EUR      1.75
Kommunalbanken AS          0.50  5/27/2022    ZAR     61.87
Lehman Brothers Treasur    5.00  9/22/2014    EUR     11.88
Lloyds Bank PLC            3.12  7/26/2033    USD     74.00
UmweltBank AG              2.85               EUR     47.24
Matalan Finance PLC        8.88   6/1/2020    GBP     65.50
Abengoa Finance SA         7.00  4/15/2020    EUR      4.19
La Veggia Finance SPA      7.13 11/14/2004    EUR      0.14
Mifa Mitteldeutsche Fah    7.50  8/12/2018    EUR      2.98
Standard Chartered PLC     1.21               USD     63.33
Montepio Holding SGPS S    5.00               EUR     50.15
OGX Austria GmbH           8.38   4/1/2022    USD      0.01
HSBC Bank PLC              0.50  6/10/2021    BRL     66.54
Petromena ASA             10.85 11/19/2014    USD      0.52
Banca Popolare di Vicen    5.00   6/4/2024    EUR     64.19
Frigoglass Finance BV      8.25  5/15/2018    EUR     62.63
Region of Molise Italy     0.24 12/15/2033    EUR     66.41
Lehman Brothers Treasur    1.28  11/6/2010    JPY     11.88
Stroika Finance Ltd Via    7.70  6/25/2019    RUB     12.00
Credit Suisse AG/London    8.55  1/30/2026    USD      9.53
Credit Suisse AG/Nassau    8.05  9/27/2016    CHF     65.76
Lehman Brothers Treasur    4.50   5/2/2017    EUR     11.88
MegaFon PJSC               9.90  5/29/2026    RUB     60.03
Dolomite Capital Ltd      13.26 12/20/2019    ZAR     62.40
Hamburgische Landesbank    0.08 10/30/2040    EUR     63.88
Hamburgische Landesbank    0.08  1/22/2041    EUR     61.45
City of Hunedoara Roman    1.43  8/15/2026    RON     70.00
Abengoa SA                 5.13   3/5/2017    USD      3.62
Lehman Brothers Treasur    5.25  5/26/2026    EUR      0.75
WPE International Coope   10.38  9/30/2020    USD     13.00
Heta Asset Resolution A    5.03 12/31/2023    EUR     39.63
ADLER Real Estate AG       6.00 12/27/2018    EUR     13.50
Astana Finance BV          7.88   6/8/2010    EUR     16.88
Lehman Brothers Treasur   16.20  5/14/2009    USD      0.75
Espirito Santo Financia    5.05 11/15/2025    EUR      0.42
Norddeutsche Landesbank    5.19 11/25/2016    EUR     55.57
Russian Railways JSC       9.85  4/26/2041    RUB     64.46
State Transport Leasing   14.30 12/10/2024    RUB     60.20
Landesbank Hessen-Thuer    0.19   5/3/2041    EUR     68.89
Veneto Banca SpA           6.94  5/15/2025    EUR     53.25
Lehman Brothers Treasur    1.00   5/9/2012    EUR      0.75
Lehman Brothers Treasur   11.00 12/20/2017    AUD      0.75
Lehman Brothers Treasur    4.00 10/24/2012    EUR      0.75
Lehman Brothers Treasur    6.00 10/30/2012    EUR      0.75
Sachsen Bank               0.10  1/22/2041    EUR     74.84
Lehman Brothers Treasur    3.03  1/31/2015    EUR      0.75
Barclays Bank PLC          1.82  6/17/2033    USD     70.00
Lehman Brothers Treasur    4.00  12/2/2012    EUR      0.75
SG Issuer SA               5.50  4/10/2021    EUR     64.74
Northland Resources AB    12.25  3/26/2016    USD      0.11
German Pellets GmbH        8.00               EUR      0.30
Heta Asset Resolution A    5.27 12/31/2023    EUR     34.38
Lehman Brothers Treasur    6.00  3/18/2015    USD     11.88
Lehman Brothers Treasur    5.55  3/12/2015    EUR      0.75
Rusfinans Bank OOO         9.95  8/22/2019    RUB     60.66
Salvator Grundbesitz-AG    9.50 12/31/2021    EUR     10.00
Espirito Santo Financia    5.13  5/30/2016    EUR      0.25
Banca Popolare di Vicen    4.97  4/20/2027    EUR     71.88
Abengoa Finance SA         6.00  3/31/2021    EUR      4.02
Heta Asset Resolution A    0.45 12/31/2023    EUR     40.13
Lehman Brothers Treasur    5.00  2/27/2014    EUR     11.88
Immigon Portfolioabbau     8.70  7/26/2025    EUR     15.00
Agentstvo po Ipotechnom    9.50 11/15/2024    RUB     73.13
Ideal Standard Internat   11.75   5/1/2018    EUR     14.63
Commerzbank AG             2.50  6/19/2017    USD     67.86
BNP Paribas SA             0.50  9/29/2029    AUD     63.91
DekaBank Deutsche Giroz    0.01  6/29/2046    EUR     62.05
BL Superstores Finance     1.41  10/4/2030    GBP     73.15
UniCredit Bank AG          4.85 12/22/2020    EUR     67.63
Podkarpacki Bank Spoldz    5.04  5/28/2023    PLN     46.00
BNP Paribas SA             0.50   5/6/2021    MXN     73.95
SG Option Europe SA        7.00   5/5/2017    EUR     50.34
Pongs & Zahn AG            8.50               EUR      0.36
Agrokompleks OOO          12.50  12/8/2022    RUB     66.87
Lehman Brothers Treasur    7.00   6/6/2017    EUR      0.75
Svensk Exportkredit AB     0.50  6/28/2022    ZAR     59.82
International Finance F    0.50  6/29/2027    ZAR     35.74
Oravita City Council       2.04  6/15/2027    RON     68.00
Alpha Bank AE              2.50  6/20/2022    EUR     66.93
Miratorg-Finans OOO       11.00  8/24/2021    RUB     60.03
Absolut Bank PAO          14.50 10/22/2021    RUB     60.06
HPI AG                     4.50  12/1/2016    EUR      3.01
SNS Bank NV                6.63  5/14/2018    EUR      2.49
Mriya Agro Holding PLC    10.95  3/30/2016    USD      5.88
Rosselkhozbank JSC        11.60  7/15/2025    RUB     60.66
Bank Nederlandse Gemeen    0.50   8/9/2022    MXN     67.98
Municipality Finance PL    0.50  6/19/2024    ZAR     50.74
United Engine Corp JSC     8.00  4/24/2020    RUB     60.03
Norddeutsche Landesbank    3.00  7/16/2018    EUR     62.22
Alno AG                    8.00  3/21/2019    EUR     74.00
KPNQwest NV                8.13   6/1/2009    USD      0.57
Barclays Bank PLC          1.76  4/25/2034    USD     71.75
Bayerische Landesbank      5.00 10/17/2016    EUR     36.98
Cooperatieve Rabobank U    0.50 12/29/2027    MXN     43.75
HSBC Bank PLC              0.50 12/22/2025    BRL     46.53
Bank Nederlandse Gemeen    0.50  9/20/2022    MXN     67.44
Barclays Bank PLC          1.14  3/21/2031    USD     75.00
UniCredit Bank AG          7.30  1/20/2017    EUR     61.29
Penell GmbH Elektrogros    7.75  6/10/2019    EUR      4.50
A-TEC Industries AG        5.75  11/2/2010    EUR      2.00
WEB Windenergie AG         6.50               EUR      0.05
Solarwatt GmbH             7.00  11/1/2015    EUR     14.50
Lehman Brothers Treasur    5.00  2/16/2015    EUR     11.88
Agentstvo po Ipotechnom   10.75   3/1/2033    RUB     62.15
Russian Railways JSC      13.90  5/30/2040    RUB     60.00
Western High-Speed Diam   10.44  5/13/2031    RUB     72.37
Nuova Banca Popolare de    5.00 10/30/2023    EUR      0.78
DEIKON GmbH                1.00   7/1/2016    EUR     26.15
Podkarpacki Bank Spoldz    5.79   7/2/2020    PLN     52.10
Russian Post FGUP         12.00 10/18/2019    RUB     64.12
Metalloinvest Holding C    0.01   3/7/2022    RUB     60.25
Alpha Bank AE              2.50  6/20/2022    EUR     66.95
Podkarpacki Bank Spoldz    4.94  10/6/2021    PLN     48.00
RESO-Garantia Insurance   12.00  9/13/2022    RUB     60.11
Kaupthing ehf              5.25  7/18/2017    BGN     17.63
World of Building Techn    7.70  6/25/2019    RUB      0.02
WEB Windenergie AG         4.00   4/8/2018    EUR      0.01
Credit Europe Bank Ltd     9.76  9/14/2018    RUB     62.30
Bank Julius Baer & Co L    6.30 11/24/2016    CHF     70.40
Mechel PJSC                8.00   2/9/2021    RUB     61.73
Bank Nederlandse Gemeen    0.50  5/12/2021    ZAR     67.65
Banca delle Marche SpA     6.00   5/8/2018    EUR      1.00
Landesbank Baden-Wuertt    3.25  1/26/2018    EUR     46.43
Barclays Bank PLC          3.24  5/14/2029    USD     73.70
Lehman Brothers Treasur    1.46  2/19/2012    JPY     11.88
Municipiul Timisoara       0.71  5/15/2026    RON     65.00
Barclays Bank PLC          0.50  4/24/2023    MXN     59.93
Hellas Telecommunicatio    8.50 10/15/2013    EUR      0.00
VEB-Leasing OAO           13.50  3/27/2017    RUB     60.77
Salvator Grundbesitz-AG    9.50               EUR     26.50
DEMIRE Real Estate AG      6.00 12/30/2018    EUR      3.40
Lehman Brothers Treasur    5.00   5/2/2022    EUR      0.75
Rosselkhozbank JSC        11.60  7/11/2025    RUB     60.25
Russian Railways JSC      13.90  2/28/2040    RUB     60.03
Barclays Bank PLC          0.50  3/19/2021    MXN     71.64
Leonteq Securities AG/G    5.00  1/20/2020    CHF     61.85
UniCredit Bank Austria     0.19 10/31/2031    EUR     68.38
Barclays Bank PLC          1.48  7/28/2034    USD     72.65
MirLand Development Cor    6.00 11/30/2017    ILS     23.00
Bank Julius Baer & Co L    5.50 11/24/2016    CHF     69.35
SAG Solarstrom AG          7.50  7/10/2017    EUR     28.50
Union Technologies Info    0.10   1/1/2020    EUR      5.30
Svensk Exportkredit AB     0.50  8/28/2020    TRY     68.93
Lehman Brothers Treasur    5.00  8/16/2017    EUR     11.88
Elli Investments Ltd      12.25  6/15/2020    GBP     29.63
Credit Agricole Corpora    0.50   3/6/2023    RUB     58.80
Rusfinans Bank OOO        12.10  9/29/2020    RUB     60.88
Barclays Bank PLC          2.82  9/30/2031    USD     74.50
Lehman Brothers Treasur    6.65  8/24/2011    AUD      9.63
LBI HF                     3.00  12/7/2010    CHF      7.75
Bank ZENIT PJSC           11.50   4/3/2026    RUB     60.10
Fonciere Volta SA          4.50  7/30/2020    EUR      2.66
HSBC Bank PLC              0.50 12/29/2026    AUD     68.49
Podkarpacki Bank Spoldz    5.74  3/31/2025    PLN     42.00
Rosbank PJSC               0.04  4/30/2024    RUB     60.06
Vnesheconombank           11.60  2/17/2025    RUB     60.10
Raiffeisen Centrobank A    6.70  3/13/2017    EUR     53.85
WGF Westfaelische Grund    6.35   8/1/2017    EUR      3.81
Province of Rovigo Ital    0.08 12/28/2035    EUR     66.21
United Engine Corp JSC     8.80  4/17/2023    RUB     60.03
Province of Milan Italy    0.07 12/22/2033    EUR     68.96
Europlan PJSC             11.50  8/23/2021    RUB     60.66
Windreich GmbH             6.75   3/1/2015    EUR     10.88
TransFin-M PAO            12.50  2/21/2017    RUB     68.90
Finans-Avia OOO            0.01  7/31/2027    RUB     15.05
Russian Post FGUP          2.75  12/6/2023    RUB     60.03
City of Hunedoara Roman    1.43  8/15/2026    RON     70.00
SpareBank 1 SR-Bank ASA    4.00 12/21/2030    EUR     71.44
Lehman Brothers Treasur    4.68 12/12/2045    EUR      0.75
COFIDUR SA                 0.10 12/31/2024    EUR     17.90
Lehman Brothers Treasur    6.00  9/20/2011    EUR      0.75
Lenta Center OOO          11.00 10/14/2020    RUB     62.29
Landesbank Hessen-Thuer    0.20  4/23/2041    EUR     72.67
CHC Helicopter SA          9.25 10/15/2020    USD     49.00
Immigon Portfolioabbau     3.51  4/12/2022    EUR     15.00
City of Predeal Romania    1.50  5/15/2026    RON     60.00
Atomenergoprom JSC        11.10 12/12/2025    RUB     60.03
SAir Group                 6.25 10/27/2002    CHF     12.13
Deutsche Bank AG/London    0.50  10/5/2021    IDR     62.96
Biomed-Lublin Wytwornia    7.29  8/14/2018    PLN     66.20
BLT Finance BV             7.50  5/15/2014    USD      2.26
Driver & Bengsch AG        8.50 12/31/2027    EUR      0.00
Nuova Banca Popolare de    4.25 10/30/2016    EUR      0.78
City of Alba Iulia Roma    1.50  4/15/2025    RON     70.00
Kommunekredit              0.50 12/14/2020    ZAR     70.35
Windreich GmbH             6.25   3/1/2015    EUR     10.88
Nikrom Tubular furnitur    7.25  3/20/2017    EUR #N/A N/A
SAir Group                 4.25   2/2/2007    CHF     13.00
BNP Paribas SA             0.50  7/20/2021    BRL     58.26
Metalloinvest Holding C   11.90  2/12/2026    RUB     60.03
Astana Finance BV          9.00 11/16/2011    USD     16.88
Muehl Product & Service    6.75  3/10/2005    DEM      2.16
Kommunekredit              0.50  7/30/2027    TRY     31.65
URALSIB Leasing Co OOO    10.50  4/17/2018    RUB      0.01
Kaupthing ehf              7.50   2/1/2045    USD      0.00
Lehman Brothers Treasur    4.00  2/16/2017    EUR     11.88
Nuova Banca Popolare de    3.50  6/28/2018    EUR      0.78
Investpro OOO             13.00 12/31/2018    RUB     60.40
Northland Resources AB    15.00  7/15/2019    USD      0.11
Norddeutsche Landesbank    3.75  10/5/2016    EUR     45.85
SAG Solarstrom AG          6.25 12/14/2015    EUR     28.50
Landesbank Hessen-Thuer    3.30 10/10/2016    EUR     66.40
Sviaz Bank OAO            12.00  4/13/2022    RUB     60.89
Vegarshei Sparebank        5.00               NOK     58.70
Kaupthing ehf              7.50  12/5/2014    ISK     17.63
Societe Generale SA        0.50  5/30/2023    MXN     62.54
Leonteq Securities AG     18.00  9/26/2016    CHF     18.71
Lehman Brothers Treasur   14.90 11/16/2010    EUR      0.75
UniCredit Bank Austria     0.05  1/25/2031    EUR     66.38
Deutsche ETP GmbH & Co     3.00 11/30/2028    EUR #N/A N/A
Lehman Brothers Treasur    7.00 11/26/2013    EUR     11.88
Rossiysky Capital OJSC    10.50  1/16/2020    RUB     60.12
A-TEC Industries AG        8.75 10/27/2014    EUR      2.00
Municipality Finance PL    0.50   5/8/2029    AUD     68.17
Municipiul Timisoara       0.71  5/15/2026    RON     67.00
Royal Bank of Scotland     1.33 10/26/2018    GBP #N/A N/A
HSBC Bank PLC              0.50  5/29/2020    IDR     74.69
Leonteq Securities AG/G   29.61 10/26/2017    EUR     11.53
Kerdos Group SA            8.00 12/15/2017    PLN #N/A N/A
SAir Group                 2.13  11/4/2004    CHF     12.13
Metalloinvest Holding C    0.01   3/7/2022    RUB     60.25
Barclays Bank PLC          3.32  3/27/2029    USD     70.85
International Finance F    0.50  6/24/2024    ZAR     48.74
Svensk Exportkredit AB     0.50  4/24/2029    AUD     64.37
KPNQwest NV                7.13   6/1/2009    EUR      0.56
Lehman Brothers Treasur    4.00  4/13/2011    CHF      0.75
Lehman Brothers Treasur    5.00  5/12/2011    CHF      0.75
LBI HF                     7.43               USD      0.00
KPNQwest NV                8.88   2/1/2008    EUR      0.57
Immigon Portfolioabbau     8.70  7/26/2020    EUR     15.00
Baltic Financial Agency   12.50  9/27/2016    RUB     60.03
DekaBank Deutsche Giroz    2.75 11/26/2018    EUR     71.87
Main Road OJSC            15.30 10/30/2028    RUB     72.16
Svensk Exportkredit AB     0.50  2/22/2022    ZAR     61.42
Banque Cantonale Vaudoi    5.55  11/7/2016    CHF     65.84
Vnesheconombank            2.00  6/18/2021    RUB     71.85
Notenstein La Roche Pri    6.70  7/24/2017    EUR     62.67
Kaupthing ehf              7.13  5/19/2016    USD      0.00
MirLand Development Cor    7.21  5/31/2020    ILS     22.70
Soyuz AKB OAO             11.00 11/22/2019    RUB     60.06
Podkarpacki Bank Spoldz    5.79  2/23/2025    PLN     52.00
Metalloinvest Holding C    0.01  3/10/2022    RUB     65.33
Leonteq Securities AG      8.20  1/16/2017    CHF     65.32
Barclays Bank PLC          0.22  9/30/2025    USD     10.10
Steiermaerkische Bank u    1.25               EUR     55.72
Lehman Brothers Treasur    3.86  9/21/2011    SGD      9.63
Credit Suisse AG/Nassau    6.25 10/17/2016    EUR     46.84
CaixaBank SA               0.76   2/2/2037    USD     74.19
Lehman Brothers Treasur    4.00  7/27/2011    EUR      0.75
Enemona AD-Kozloduy       10.00  4/28/2017    BGN      0.03
United Engine Corp JSC    11.50  6/26/2024    RUB     60.03
Rusfinans Bank OOO        10.90  10/2/2018    RUB     60.77
Raiffeisenbank AO         11.35  6/11/2018    RUB     60.03
Takko Luxembourg 2 SCA     6.71  4/15/2019    EUR     49.67
Europlan PJSC             12.50  3/26/2019    RUB     60.80
UniCredit Bank AO         12.35  9/16/2020    RUB     63.06
Lehman Brothers Treasur    8.00  3/19/2012    USD      0.75
LBI HF                     7.43               USD      0.00
Cerruti Finance SA         6.50  7/26/2004    EUR      1.19
Lehman Brothers Treasur    8.25   2/3/2016    EUR      0.75
International Finance F    0.50  6/29/2020    ZAR     71.84
Province of Treviso Ita    0.05 12/31/2034    EUR     68.17
Lehman Brothers Treasur    5.00  3/18/2015    EUR     11.88
Agrokompleks OOO           0.10  7/29/2019    RUB     32.47
MirLand Development Cor    6.50  9/30/2019    ILS     22.00
Credit Suisse AG/London    1.64   6/1/2042    USD     52.65
Lehman Brothers Treasur    4.10  8/23/2010    USD      0.75
Exane Finance              2.70  9/26/2016    USD     38.80
Lehman Brothers Treasur    6.25 11/30/2012    EUR      0.75
Lehman Brothers Treasur    6.00  2/19/2023    USD      0.75
Leonteq Securities AG/G    5.99  9/11/2017    EUR     55.65
Credit Suisse AG/London    3.00 11/15/2025    ZAR     57.16
Sidetur Finance BV        10.00  4/20/2016    USD      5.25
Emova Group                4.30   5/2/2022    EUR      6.60
Atari SA                   0.10   4/1/2020    EUR      4.15
Bank VTB 24 JSC            3.00   9/1/2044    RUB     60.03
Immigon Portfolioabbau     4.20  2/22/2033    EUR     51.50
UniCredit Bank AG          4.30 10/17/2018    EUR     49.03
Lehman Brothers Treasur    2.00  6/28/2011    EUR      0.75
Lehman Brothers Treasur   10.00 10/23/2008    USD      0.75
Kaupthing ehf              9.75  9/10/2015    USD     17.63
KIT Finance Capital OOO   10.00 10/26/2016    RUB     60.15
UniCredit Bank AG          8.00  11/7/2016    EUR     44.53
Lehman Brothers Treasur   15.00  3/30/2011    EUR      0.75
Lehman Brothers Treasur    3.50  9/19/2017    EUR      0.75
Banco BPI SA/Cayman Isl    4.15 11/14/2035    EUR     74.50
Landesbank Baden-Wuertt    3.50  8/25/2017    EUR     69.73
HSBC Bank PLC              0.50  1/29/2027    NZD     68.71
Leonteq Securities AG     11.00  10/5/2016    CHF     58.50
UniCredit Bank AG          5.00  9/30/2016    EUR     37.36
UniCredit Bank AG          0.48 11/19/2029    EUR     69.63
Podkarpacki Bank Spoldz    5.74 10/24/2024    PLN #N/A N/A
Nuova Banca delle March    7.75  6/30/2018    EUR      1.24
Bank MIA OAO              11.75  11/6/2016    RUB     60.26
Lehman Brothers Treasur    5.10  6/22/2046    EUR      0.75
Bank J Safra Sarasin AG    8.00   5/4/2017    CHF     70.59
Lehman Brothers Treasur    5.00 10/24/2008    CHF      0.75
Bank Julius Baer & Co L    9.00 10/24/2016    CHF     56.35
Immigon Portfolioabbau     0.70  5/20/2025    EUR     55.50
Neftyanoi Alyans OOO      15.00  6/15/2026    RUB     60.03
Espirito Santo Financia    5.63  7/28/2017    EUR      0.02
Cooperatieve Rabobank U    0.50  8/21/2028    MXN     41.45
A-TEC Industries AG        2.75  5/10/2014    EUR      2.00
Bank Nederlandse Gemeen    0.50   6/7/2022    ZAR     60.77
Immigon Portfolioabbau     4.21  1/25/2033    EUR     51.63
Credit Suisse AG/Nassau    7.50 11/28/2016    EUR     72.82
ECA                        2.50   1/1/2018    EUR     11.21
Leonteq Securities AG     14.40 10/31/2016    CHF     34.90
Agentstvo po Ipotechnom   10.30  7/15/2023    RUB     61.16
hkw personalkonzepte Gm    8.25 11/15/2016    EUR      3.80
Bank VTB 24 JSC            3.00  9/18/2046    RUB     60.06
Province of Brescia Ita    0.14  6/30/2036    EUR     65.35
UBS AG/London             12.00  11/4/2016    CHF     23.59
Bank Julius Baer & Co L    5.50  11/6/2017    CHF     56.50
Petromena ASA              9.75  5/24/2016    NOK      0.52
UniCredit Bank Austria     0.20  1/22/2031    EUR     66.38
Gold-Zack AG               7.00 12/14/2005    EUR     12.56
Raiffeisen-Landesbank T    2.50   9/2/2024    EUR     70.18
Otkritie Holding JSC      12.50  4/20/2028    RUB     60.11
UniCredit Bank AG          3.95  10/7/2019    EUR     67.67
Credit Suisse AG/London    7.25  9/26/2016    CHF     73.32
Lehman Brothers Treasur    7.50  7/31/2013    GBP      0.75
Landesbank Baden-Wuertt    3.50  8/25/2017    EUR     67.22
HSBC Bank PLC              0.50  2/24/2027    NZD     68.91
Municipality Finance PL    0.50  4/26/2022    ZAR     60.84
Lehman Brothers Treasur    9.75  6/22/2018    USD      0.75
Raiffeisen Centrobank A    7.25  9/26/2016    EUR     51.51
Lehman Brothers Treasur    7.60  5/21/2013    USD      0.75
Kommunalbanken AS          0.50 12/16/2020    TRY     72.99
Zurcher Kantonalbank Fi    1.01 12/16/2016    CHF     51.25
Exane Finance              5.00 12/20/2019    SEK     59.27
Lehman Brothers Treasur   11.00  6/29/2009    EUR      0.75
ECM Real Estate Investm    5.00  10/9/2011    EUR     10.38
Lehman Brothers Treasur   14.90  9/15/2008    EUR      0.75
UniCredit Bank Austria     0.09  1/24/2031    EUR     65.88
Immigon Portfolioabbau     4.78   6/7/2030    EUR     59.88
Svensk Exportkredit AB     0.50  8/29/2029    AUD     63.67
GRAND TOYS                17.00  3/26/2018    RUB      3.02
EDOB Abwicklungs AG        7.50   4/1/2012    EUR      0.25
Lehman Brothers Treasur    4.20  12/3/2008    HKD      9.63
URALSIB Leasing Co OOO     9.00 12/12/2016    RUB      0.01
Lillestrom Sparebank       4.48               NOK     59.60
Leonteq Securities AG      9.00 10/24/2016    EUR     68.57
Leonteq Securities AG      9.40 10/24/2016    EUR     61.21
Bank Julius Baer & Co L    6.50  10/7/2016    CHF     73.60
URALSIB Leasing Co OOO    11.50   2/6/2018    RUB      0.01
Societe Generale SA        0.50   4/3/2023    RUB     58.72
UniCredit Bank AG          4.00 10/14/2019    EUR     64.36
UniCredit Bank AG          4.55 10/28/2016    EUR     61.33
Credit Suisse AG/Nassau    5.25  5/14/2018    CHF     56.88
Notenstein La Roche Pri    3.50  9/26/2018    CHF     65.27
UniCredit Bank AG          3.75  10/2/2020    EUR     51.29
SAir Group                 5.50  7/23/2003    CHF     12.13
Svensk Exportkredit AB     0.50  8/25/2021    ZAR     66.22
Vontobel Financial Prod    3.00  6/13/2017    EUR     37.65
Bank Julius Baer & Co L   10.40 10/24/2016    CHF     69.85
Bank Julius Baer & Co L    9.40 11/10/2016    CHF     30.60
Credit Suisse AG/Nassau    6.00  10/3/2016    EUR     48.36
Lehman Brothers Treasur    6.00 10/24/2008    EUR      0.75
Lehman Brothers Treasur    4.60   7/6/2016    EUR      0.92
Lehman Brothers Treasur    0.25 10/19/2012    CHF      0.75
Anglian Water Services     0.94  1/26/2057    GBP     72.61
LZMO SA                    8.75 11/22/2016    PLN     17.00
MirLand Development Cor    8.50 11/30/2016    ILS     22.41
Agentstvo po Ipotechnom   10.90  11/1/2022    RUB     61.16
Lehman Brothers Treasur    6.00  3/14/2011    EUR     11.88
Credit Agricole Corpora    2.00   7/9/2020    BRL     67.19
Bank VTB 24 JSC            3.00  8/14/2043    RUB     60.06
UniCredit Bank AG          4.10  10/1/2020    EUR     62.13
Absolut Bank PAO           9.35  4/29/2020    RUB     60.06
LZMO SA                    8.50  6/30/2017    PLN #N/A N/A
Credit Suisse AG/Nassau    7.00  3/22/2017    CHF     54.76
UniCredit Bank AG          4.60  6/30/2017    EUR     37.54
Rosbank PJSC               0.01  2/26/2024    RUB     60.06
Leonteq Securities AG      6.75  12/5/2016    CHF     58.05
Credit Suisse AG/London    8.00 11/29/2019    USD      6.93
Delta Credit Bank JSC     12.50  9/30/2025    RUB     60.03
UniCredit Bank AG          4.00  3/21/2017    EUR     60.54
UniCredit Bank AG          4.40  9/19/2018    EUR     49.48
Lehman Brothers Treasur    0.50 12/20/2017    AUD      0.75
Lehman Brothers Treasur    6.30 12/21/2018    USD      0.42
Lehman Brothers Treasur   11.00  2/16/2009    CHF      0.75
Lehman Brothers Treasur   11.75   3/1/2010    EUR      0.75
Lehman Brothers Treasur    4.00  3/10/2011    EUR      0.75
Bank Julius Baer & Co L    9.50 12/16/2016    CHF     63.35
Lehman Brothers Treasur    8.00  2/16/2016    EUR      0.75
Lehman Brothers Treasur   10.44 11/22/2008    CHF      0.75
Lehman Brothers Treasur    5.00 11/22/2012    EUR      0.75
DekaBank Deutsche Giroz    3.00   5/4/2018    EUR     57.34
Credit Suisse AG           0.50 12/16/2025    BRL     40.13
Municipality Finance PL    0.50 12/15/2020    BRL     67.14
Rosbank PJSC               0.01  4/30/2024    RUB     60.06
AKB Peresvet ZAO          13.25  11/6/2020    RUB     60.11
SpareBank 1 Nordvest       3.88  3/11/2099    NOK     60.04
DZ Bank AG Deutsche Zen    6.60 12/23/2016    EUR     74.56
SAir Group                 2.75  7/30/2004    CHF     12.13
Transgazservice LLP       10.50  11/8/2019    RUB     10.00
Promnefteservis OOO       10.50 11/21/2019    RUB      0.50
Credit Suisse AG/London    0.50   1/8/2026    BRL     38.95
UniCredit Bank AG          3.75   9/7/2020    EUR     53.34
UniCredit Bank AG          4.60   7/2/2018    EUR     43.14
UBS AG                     8.30  12/8/2016    USD      5.75
Melhus Sparebank           2.70  9/16/2024    NOK     68.96
Nuova Banca delle March    7.20  6/30/2018    EUR      1.24
Nuova Banca delle March    8.00  6/30/2018    EUR      1.24
Zurcher Kantonalbank Fi    0.50   6/9/2017    CHF     71.25
Leonteq Securities AG      3.50  4/10/2018    EUR     50.48
Credit Suisse AG/London    6.50  11/8/2016    CHF     72.10
UniCredit Bank AG          5.00  7/30/2018    EUR     51.12
HSBC Trinkaus & Burkhar    4.00  5/29/2017    EUR     65.69
Sparebanken Din            2.28               NOK     71.18
Lehman Brothers Treasur    4.00  7/20/2012    EUR      0.75
Lehman Brothers Treasur    4.69  2/19/2017    EUR      0.75
Raiffeisen Versicherung    5.08               EUR     24.35
KFW                        0.25  10/6/2036    CAD     39.13
Zapsibcombank PAO         14.85 12/12/2019    RUB     70.00
Zurcher Kantonalbank Fi   11.25  4/26/2017    CHF     67.71
Lehman Brothers Treasur    3.00  6/23/2009    EUR     11.88
Lehman Brothers Treasur    5.00   8/1/2025    EUR      0.75
Bank VTB 24 JSC            3.00  9/15/2044    RUB     60.03
Lehman Brothers Treasur   11.00 12/19/2011    USD      0.75
Totens Sparebank           2.68               NOK     73.38
Delta Credit Bank JSC     10.55   6/5/2024    RUB     60.03
UniCredit Bank AG          5.40  8/25/2018    EUR     70.29
Polbrand sp zoo            9.00  10/2/2017    PLN     20.00
Credit Suisse AG/Nassau    7.25   3/8/2017    CHF     56.40
Notenstein La Roche Pri    6.80 11/28/2016    CHF     74.96
Leonteq Securities AG     16.20 11/21/2016    CHF     46.57
UniCredit Bank AG          3.80  7/23/2020    EUR     51.53
Leonteq Securities AG     12.00  11/7/2016    CHF     44.26
MT-Energie GmbH & Co KG    8.25   4/4/2017    EUR      9.17
Lehman Brothers Treasur    2.40  6/20/2011    JPY      0.75
United Confectioners Fi   10.50   4/3/2023    RUB     64.07
Barclays Bank PLC          0.50  3/26/2021    MXN     71.54
Nota-Bank OJSC            13.50   4/1/2016    RUB     31.50
Lehman Brothers Treasur    5.50  4/23/2014    EUR      0.75
Lehman Brothers Treasur   13.43   1/8/2009    ILS      0.75
Lehman Brothers Treasur   16.00 10/28/2008    USD      0.75
Notenstein La Roche Pri    4.00  9/26/2018    CHF     69.46
Nuova Banca Popolare de    2.20  5/21/2018    EUR      0.81
Rosbank PJSC               0.03  4/30/2024    RUB     60.06
Deutsche Bank AG           5.20  6/20/2017    EUR     60.30
Landesbank Hessen-Thuer    5.00 10/17/2017    EUR     44.78
Polski Bank Spoldzielcz    4.77  6/22/2021    PLN     51.00
HSBC Bank PLC              0.50 10/30/2026    NZD     69.50
HSBC Bank PLC              0.50  12/8/2026    AUD     71.72
Leonteq Securities AG      9.40 10/24/2016    EUR     61.56
Landesbank Hessen-Thuer    6.30 10/17/2016    EUR     34.20
Bayerische Landesbank      3.20  7/27/2018    EUR     50.10
EFG International Finan    7.19   5/6/2019    EUR     32.95
Raiffeisen Centrobank A    2.40 12/19/2016    EUR #N/A N/A
Fondovye Strategicheski    1.50  10/5/2020    RUB     60.01
Lehman Brothers Treasur    7.50   5/2/2017    EUR      0.75
Commerzbank AG             4.00   9/8/2017    EUR     64.84
iMoneyBank KB OOO          0.10 10/27/2016    RUB     58.00
Polski Bank Spoldzielcz    5.29  9/14/2027    PLN     54.00
Commerzbank AG             8.00  7/14/2021    USD     10.77
Provinsor Fastigheter A    8.50  6/30/2020    DKK      0.10
Immigon Portfolioabbau     0.98   3/1/2022    EUR     65.50
IT Holding Finance SA      9.88 11/15/2012    EUR      0.23
City of Siret Romania      2.24   3/1/2028    RON     55.00
Municipality Finance PL    0.25  6/28/2040    CAD     29.86
Commerzbank AG             1.00 11/28/2016    EUR     24.85
Nutritek International     8.75 12/11/2008    USD      2.00
Landesbank Hessen-Thuer    4.50 12/14/2016    EUR     63.50
Landesbank Hessen-Thuer    5.00 10/24/2016    EUR     60.30
Credit Suisse AG/Nassau    5.50   8/3/2017    EUR     65.57
Municipality Finance PL    0.50  5/31/2022    ZAR     60.16
Svensk Exportkredit AB     0.50  3/15/2022    ZAR     61.51
Deutsche Bank AG/London    0.50  4/18/2019    BRL     74.48
Fargo Finance OOO          9.00   2/6/2019    RUB      0.01
Credit Suisse AG/Nassau    6.00 11/17/2016    CHF     60.79
National Capital JSC       9.25  4/22/2019    RUB     60.03
National Capital JSC       9.25  4/22/2019    RUB     60.03
Lehman Brothers Treasur   16.80  8/21/2009    USD      0.75
Lehman Brothers Treasur    0.50 12/20/2017    AUD      9.63
Lehman Brothers Treasur    7.50  2/14/2010    AUD      0.75
Kaupthing ehf              7.63  2/28/2015    USD     17.63
UniCredit Bank AG          4.25  9/12/2017    EUR     55.99
Lehman Brothers Treasur   11.00   5/9/2020    USD      0.75
HSBC Bank PLC              0.50 11/25/2025    BRL     46.79
DZ Bank AG Deutsche Zen    8.40  3/20/2017    EUR     68.91
Torgovyi Dom Spartak-Ka   14.00   5/2/2017    RUB     67.96
Deutsche Bank AG           7.20  3/21/2017    EUR     73.90
Deutsche Bank AG           7.20  6/20/2017    EUR     71.00
Bank J Safra Sarasin AG    9.60 10/17/2016    CHF     68.29
BNP Paribas Emissions-    26.00 12/21/2017    EUR     73.60
BNP Paribas Emissions-    13.00  6/22/2017    EUR     74.22
BNP Paribas Emissions-    19.00 12/21/2017    EUR     72.03
BNP Paribas Emissions-    29.00  6/22/2017    EUR     72.46
Landesbank Baden-Wuertt    4.00  3/24/2017    EUR     46.54
Russian Bank for Small     9.75  8/11/2022    RUB     60.03
HSBC Bank PLC              0.50  1/31/2020    BRL     71.72
Barclays Bank PLC          0.11 12/28/2040    EUR     66.82
Lehman Brothers Treasur    4.05  9/16/2008    EUR      0.75
Province of Brescia Ita    0.25 12/22/2036    EUR     64.51
HSBC Bank PLC              0.50  7/21/2021    BRL     72.96
Deutsche Bank AG           7.50 12/20/2016    EUR     53.83
DekaBank Deutsche Giroz    3.00  5/12/2017    EUR     41.26
Landesbank Baden-Wuertt    4.50  8/25/2017    EUR     68.18
EFG International Finan    7.20  7/29/2020    EUR     66.20
Societe Generale Effekt    4.00  6/26/2017    EUR     48.16
Landesbank Baden-Wuertt    3.15 10/28/2016    EUR     50.52
DZ Bank AG Deutsche Zen    3.50  9/30/2016    EUR     58.87
Landesbank Baden-Wuertt    3.20 11/25/2016    EUR     72.21
Zurcher Kantonalbank Fi    5.25  11/1/2016    CHF     34.68
Notenstein La Roche Pri    7.40 10/31/2016    CHF     24.45
Landesbank Baden-Wuertt    3.30 12/23/2016    EUR     73.43
Landesbank Baden-Wuertt    3.25 12/22/2017    EUR     49.68
Landesbank Baden-Wuertt    3.50 12/23/2016    EUR     70.90
UniCredit Bank AG          4.00  6/26/2018    EUR     43.23
Landesbank Hessen-Thuer    4.00  1/16/2018    EUR     39.89
EFG International Finan    6.48  5/29/2018    EUR      8.85
Barclays Bank PLC          4.17   1/5/2017    EUR #N/A N/A
Barclays Bank PLC          4.17   1/5/2017    EUR     16.92
Landesbank Baden-Wuertt    3.25  6/23/2017    EUR     68.93
Landesbank Baden-Wuertt    3.00  2/23/2018    EUR     46.34
Barclays Bank PLC          0.50  1/28/2033    MXN     27.39
Barclays Bank PLC          0.50  3/13/2023    RUB     58.97
HSBC Bank PLC              0.50  4/11/2023    MXN     62.92
Societe Generale SA        0.50  4/30/2023    RUB     58.14
Banca delle Marche SpA     6.00  6/12/2018    EUR      1.00
Lehman Brothers Treasur    7.25  6/20/2010    USD      0.75
Lehman Brothers Treasur    7.00  9/20/2011    USD      0.75
Notenstein La Roche Pri    6.00  7/11/2017    CHF     63.71
Leonteq Securities AG      8.00   1/4/2017    CHF     73.39
Credit Suisse AG/Nassau    7.25  7/13/2017    CHF     63.70
Polyus Perspectiva OOO    11.00 12/15/2020    RUB     70.63
Landesbank Baden-Wuertt    2.00  6/23/2017    EUR     70.54
Landesbank Baden-Wuertt    4.00  6/23/2017    EUR     63.14
Vontobel Financial Prod   10.85 12/23/2016    EUR     71.34
Commerzbank AG            15.50 12/22/2016    EUR     71.73
Commerzbank AG             9.75 12/22/2016    EUR     69.24
Commerzbank AG             8.75 12/22/2016    EUR     48.89
Commerzbank AG            12.50 12/22/2016    EUR     45.09
DZ Bank AG Deutsche Zen    8.00 12/19/2016    EUR     66.52
DZ Bank AG Deutsche Zen    8.00  3/20/2017    EUR     68.47
Leonteq Securities AG     11.00  1/19/2017    CHF     71.30
Vontobel Financial Prod    7.70 12/23/2016    EUR     53.26
DZ Bank AG Deutsche Zen    9.25  1/27/2017    EUR     73.96
DZ Bank AG Deutsche Zen    5.75  1/27/2017    EUR     73.98
DZ Bank AG Deutsche Zen   10.00 12/23/2016    EUR     52.20
DZ Bank AG Deutsche Zen    5.00  1/27/2017    EUR     57.15
DZ Bank AG Deutsche Zen    8.50  1/27/2017    EUR     52.66
Lehman Brothers Treasur    1.50   2/8/2012    CHF      0.75
Societe Generale SA        0.50   4/4/2024    MXN     58.23
UBS AG/London             10.25 12/23/2016    EUR     69.18
UBS AG/London             21.75 12/23/2016    EUR     69.91
Credit Suisse AG/Nassau    5.24 11/28/2016    CHF     60.83
Notenstein La Roche Pri    8.80  12/5/2016    CHF     66.08
Goldman Sachs Internati    1.00  12/5/2017    SEK     11.94
Leonteq Securities AG      3.90 12/20/2024    CHF     74.99
Leonteq Securities AG/G    5.00 12/12/2016    CHF     59.67
Notenstein La Roche Pri    7.30 12/12/2016    CHF     59.91
UniCredit Bank AG          4.48 12/23/2016    EUR     73.76
Leonteq Securities AG      7.80 12/19/2016    CHF     61.99
Notenstein La Roche Pri    5.50 12/28/2018    CHF     66.24
Notenstein La Roche Pri    8.00 12/29/2016    EUR     67.80
Deutsche Bank AG           8.20 12/20/2016    EUR     55.10
Deutsche Bank AG           8.20 12/20/2016    EUR     56.60
Deutsche Bank AG           8.20 12/20/2016    EUR     47.50
Notenstein La Roche Pri    5.00  1/14/2019    CHF     63.68
Notenstein La Roche Pri    8.50  1/16/2017    EUR     57.79
Commerzbank AG             5.00 12/22/2016    EUR     53.65
Commerzbank AG             6.00 12/22/2016    EUR     51.13
Commerzbank AG             7.00 12/22/2016    EUR     48.86
Commerzbank AG             5.50 12/22/2016    EUR     63.01
Commerzbank AG             7.25 12/22/2016    EUR     58.47
Commerzbank AG             6.00 12/22/2016    EUR     69.79
Commerzbank AG             7.00 12/22/2016    EUR     66.43
Commerzbank AG             8.00 12/22/2016    EUR     63.45
Commerzbank AG             5.25 12/22/2016    EUR     72.66
Commerzbank AG             6.50 12/22/2016    EUR     69.40
Commerzbank AG             6.75 12/22/2016    EUR     72.72
DZ Bank AG Deutsche Zen    5.60  3/30/2017    EUR     49.21
Bank Julius Baer & Co L    5.20  9/25/2017    EUR     63.10
Notenstein La Roche Pri    8.00  10/3/2016    CHF     66.01
Notenstein La Roche Pri    7.50  10/3/2016    CHF     63.19
Notenstein La Roche Pri    7.00  10/3/2016    EUR     74.72
Credit Suisse AG/Nassau    6.25  10/6/2016    CHF     60.49
Bank Julius Baer & Co L    4.75 10/10/2016    CHF     58.70
Notenstein La Roche Pri    7.00 10/10/2016    CHF     65.61
Credit Suisse AG/Nassau    6.25 10/14/2016    CHF     61.43
Notenstein La Roche Pri    6.00 10/17/2016    CHF     65.94
Zurcher Kantonalbank Fi    6.25 10/14/2016    CHF     67.59
Notenstein La Roche Pri    6.20 10/24/2016    CHF     65.91
Leonteq Securities AG      8.45  11/7/2016    CHF     39.53
Leonteq Securities AG      5.20  11/7/2016    CHF     54.05
Leonteq Securities AG/G    6.00 10/31/2018    CHF     74.51
Notenstein La Roche Pri    5.00 10/31/2018    CHF     66.50
Notenstein La Roche Pri    4.50 10/31/2018    CHF     61.78
Notenstein Finance Guer    7.30 10/28/2016    CHF     64.62
DekaBank Deutsche Giroz    4.00 10/21/2016    EUR     70.68
Leonteq Securities AG      3.00  9/19/2019    CHF     41.55
DekaBank Deutsche Giroz    8.50 10/27/2016    EUR     52.68
DekaBank Deutsche Giroz    7.15 10/27/2017    EUR     56.13
Notenstein La Roche Pri    7.50  11/7/2016    EUR     73.34
DekaBank Deutsche Giroz    3.50 10/28/2016    EUR     61.46
UBS AG/London              9.00 12/23/2016    EUR     65.67
Notenstein La Roche Pri    5.30 11/14/2018    CHF     74.52
Notenstein La Roche Pri    6.00 11/14/2016    CHF     72.81
Notenstein La Roche Pri    4.80 11/14/2018    CHF     69.99
Leonteq Securities AG/G    5.00 11/14/2016    CHF     62.12
Notenstein La Roche Pri    3.00  9/22/2020    CHF     52.48
Vontobel Financial Prod    5.00 11/21/2016    EUR     70.32
DekaBank Deutsche Giroz    3.00  5/15/2018    EUR     69.18
Notenstein La Roche Pri    2.70  9/22/2026    CHF     70.62
UniCredit Bank AG          3.50  1/29/2020    EUR     56.54
UniCredit Bank AG          3.50 12/19/2019    EUR     59.42
Credit Suisse AG/Nassau    6.00 11/28/2016    CHF     58.27
UniCredit Bank AG          3.79 12/19/2016    EUR     59.16
UBS AG/London              9.00 12/23/2016    EUR     72.36
UBS AG/London             16.75 12/23/2016    EUR     67.71
UBS AG/London             15.50 12/23/2016    EUR     69.39
UBS AG/London             14.00 12/23/2016    EUR     74.04
UBS AG/London             15.00 12/23/2016    EUR     72.23
UBS AG/London             14.50 12/23/2016    EUR     71.65
UBS AG/London             17.75 12/23/2016    EUR     68.64
UBS AG/London             22.00 12/23/2016    EUR     69.14
UBS AG/London             13.75 12/23/2016    EUR     74.17
UBS AG/London             16.50 12/23/2016    EUR     57.47
UBS AG/London             15.75 12/23/2016    EUR     70.09
EFG International Finan    7.00 11/27/2019    EUR     38.39
Notenstein La Roche Pri    7.00  12/5/2016    EUR     67.28
Leonteq Securities AG/G   12.80 12/12/2016    USD     61.17
Notenstein La Roche Pri    8.00 12/12/2016    CHF     62.38
Credit Suisse AG/Nassau    6.00 12/12/2016    CHF     59.72
DekaBank Deutsche Giroz    2.50  12/1/2017    EUR     69.62
Notenstein La Roche Pri    8.20 12/19/2016    EUR     69.23
Deutsche Bank AG           8.20 12/20/2016    EUR     57.40
Deutsche Bank AG           8.20 12/20/2016    EUR     67.80
Landesbank Hessen-Thuer    4.00   2/6/2019    EUR     71.09
Notenstein La Roche Pri    7.00  1/16/2017    CHF     65.98
Notenstein La Roche Pri    5.50  1/14/2019    CHF     67.63
DekaBank Deutsche Giroz    3.00 12/17/2018    EUR     60.75
Commerzbank AG             6.25 12/22/2016    EUR     61.21
Commerzbank AG             5.00 12/22/2016    EUR     73.50
Vontobel Financial Prod    5.00  2/13/2017    EUR     56.91
DekaBank Deutsche Giroz    2.50 12/16/2016    EUR     46.32
DZ Bank AG Deutsche Zen    5.00   2/6/2018    EUR     64.72
DekaBank Deutsche Giroz    3.20  1/14/2019    EUR     74.32
Goldman Sachs & Co Wert   14.00 10/26/2016    EUR     71.42
Goldman Sachs & Co Wert   18.00 10/26/2016    EUR     66.72
Goldman Sachs & Co Wert    8.00 10/26/2016    EUR     70.70
Goldman Sachs & Co Wert    9.00 10/26/2016    EUR     70.78
Goldman Sachs & Co Wert   12.00 10/26/2016    EUR     64.02
Goldman Sachs & Co Wert   16.00 10/26/2016    EUR     58.61
Goldman Sachs & Co Wert   21.00 10/26/2016    EUR     54.23
Goldman Sachs & Co Wert    8.00 12/21/2016    EUR     71.85
Goldman Sachs & Co Wert   19.00 12/21/2016    EUR     57.04
Goldman Sachs & Co Wert    8.00  3/22/2017    EUR     73.54
Goldman Sachs & Co Wert   10.00  3/22/2017    EUR     67.88
Goldman Sachs & Co Wert   10.00  6/21/2017    EUR     68.94
Goldman Sachs & Co Wert    7.00  9/20/2017    EUR     74.42
Goldman Sachs & Co Wert    5.00 10/26/2016    EUR     60.08
Goldman Sachs & Co Wert    7.00 10/26/2016    EUR     52.11
Goldman Sachs & Co Wert   10.00 10/26/2016    EUR     48.06
Goldman Sachs & Co Wert   15.00 10/26/2016    EUR     41.71
Goldman Sachs & Co Wert   19.00 10/26/2016    EUR     39.33
Goldman Sachs & Co Wert    7.00 12/21/2016    EUR     53.20
Goldman Sachs & Co Wert    8.00 12/21/2016    EUR     51.19
Goldman Sachs & Co Wert    9.00 12/21/2016    EUR     49.38
Goldman Sachs & Co Wert   15.00 12/21/2016    EUR     42.64
Goldman Sachs & Co Wert   17.00 12/21/2016    EUR     41.81
Goldman Sachs & Co Wert   15.00  3/22/2017    EUR     45.18
Goldman Sachs & Co Wert    4.00  9/20/2017    EUR     65.80
Goldman Sachs & Co Wert    4.00  9/20/2017    EUR     62.90
Goldman Sachs & Co Wert    5.00  9/20/2017    EUR     61.19
Goldman Sachs & Co Wert    6.00  9/20/2017    EUR     57.34
Goldman Sachs & Co Wert    8.00  9/20/2017    EUR     55.17
Goldman Sachs & Co Wert   12.00  9/20/2017    EUR     51.11
Goldman Sachs & Co Wert   20.00 12/21/2016    EUR     74.07
Goldman Sachs & Co Wert   17.00  3/22/2017    EUR     69.96
Goldman Sachs & Co Wert   14.00  9/20/2017    EUR     74.05
UBS AG                     7.00  12/9/2016    EUR     67.83
Vontobel Financial Prod    8.50 12/23/2016    EUR     61.65
Vontobel Financial Prod   14.00 12/23/2016    EUR     53.08
Norddeutsche Landesbank    5.00  10/6/2016    EUR     57.49
Credit Suisse AG/Nassau    9.25  9/26/2016    EUR     70.68
Vontobel Financial Prod    5.50 12/23/2016    EUR     52.87
Credit Suisse AG/Nassau    6.25  9/26/2016    CHF     67.30
DZ Bank AG Deutsche Zen    7.50 12/19/2016    EUR     62.79
DZ Bank AG Deutsche Zen    8.00 12/19/2016    EUR     62.90
Vontobel Financial Prod    7.00 12/23/2016    EUR     72.87
Vontobel Financial Prod   13.00 10/28/2016    EUR     68.00
Bayerische Landesbank      3.50 10/14/2016    EUR     63.98
Bank Julius Baer & Co L    8.45  9/26/2016    EUR     66.60
Vontobel Financial Prod    9.70 10/28/2016    EUR     70.75
Goldman Sachs & Co Wert   21.00 10/26/2016    EUR     37.13
Goldman Sachs & Co Wert    6.00 10/26/2016    EUR     54.48
Goldman Sachs & Co Wert   16.00  3/22/2017    EUR     43.31
Goldman Sachs & Co Wert   13.00 12/21/2016    EUR     73.35
Goldman Sachs & Co Wert    8.00 12/21/2016    EUR     71.85
Goldman Sachs & Co Wert   15.00 12/21/2016    EUR     60.87
Goldman Sachs & Co Wert   13.00  3/22/2017    EUR     63.72
Goldman Sachs & Co Wert   16.00  3/22/2017    EUR     60.44
Goldman Sachs & Co Wert    7.00  6/21/2017    EUR     72.98
Goldman Sachs & Co Wert    8.00  6/21/2017    EUR     73.72
Goldman Sachs & Co Wert   15.00  6/21/2017    EUR     62.65
Goldman Sachs & Co Wert    7.00  9/20/2017    EUR     74.42
Goldman Sachs & Co Wert    9.00  9/20/2017    EUR     70.43
Goldman Sachs & Co Wert   14.00  9/20/2017    EUR     65.63
Goldman Sachs & Co Wert    3.00 10/26/2016    EUR     66.93
Goldman Sachs & Co Wert    4.00 10/26/2016    EUR     63.31
Goldman Sachs & Co Wert    5.00 10/26/2016    EUR     57.10
Goldman Sachs & Co Wert    8.00 10/26/2016    EUR     49.95
Goldman Sachs & Co Wert    8.00  3/22/2017    EUR     51.22
Goldman Sachs & Co Wert   10.00  3/22/2017    EUR     48.57
Goldman Sachs & Co Wert    8.00  6/21/2017    EUR     53.20
Goldman Sachs & Co Wert   10.00  6/21/2017    EUR     51.08
Goldman Sachs & Co Wert   14.00  6/21/2017    EUR     48.24
Goldman Sachs & Co Wert    3.00  9/20/2017    EUR     67.89
Goldman Sachs & Co Wert    3.00  9/20/2017    EUR     74.47
Goldman Sachs & Co Wert    7.00  9/20/2017    EUR     56.18
Goldman Sachs & Co Wert   10.00  9/20/2017    EUR     52.00
Goldman Sachs & Co Wert   12.00  9/20/2017    EUR     49.82
Goldman Sachs & Co Wert   22.00 10/26/2016    EUR     71.20
Goldman Sachs & Co Wert   15.00 10/26/2016    EUR     67.40
Goldman Sachs & Co Wert   18.00 10/26/2016    EUR     64.15
Vontobel Financial Prod   12.00 12/23/2016    EUR     55.50
Vontobel Financial Prod    9.00 12/23/2016    EUR     74.22
DZ Bank AG Deutsche Zen    6.75 12/23/2016    EUR     50.29
DZ Bank AG Deutsche Zen    7.75 12/23/2016    EUR     60.80
Vontobel Financial Prod    6.00 12/23/2016    EUR     65.28
DZ Bank AG Deutsche Zen    7.50 12/19/2016    EUR     74.71
DZ Bank AG Deutsche Zen    6.00 12/19/2016    EUR     69.92
DZ Bank AG Deutsche Zen    8.10 12/19/2016    EUR     46.77
Landesbank Baden-Wuertt    6.30 10/28/2016    EUR     58.34
Vontobel Financial Prod   11.15 10/28/2016    EUR     67.81
Goldman Sachs & Co Wert   10.00 12/21/2016    EUR     65.40
DZ Bank AG Deutsche Zen    4.00 12/23/2016    EUR     56.39
Bank Julius Baer & Co L   10.85  9/30/2016    EUR     46.35
Vontobel Financial Prod   17.00 12/23/2016    EUR     69.03
DZ Bank AG Deutsche Zen    5.40 12/19/2016    EUR     52.29
DekaBank Deutsche Giroz    4.50 12/30/2016    EUR     73.86
DekaBank Deutsche Giroz   10.20 10/10/2016    EUR     74.72
DZ Bank AG Deutsche Zen    5.25 10/28/2016    EUR     72.20
DZ Bank AG Deutsche Zen    9.50 10/28/2016    EUR     44.94
DZ Bank AG Deutsche Zen    7.75 12/23/2016    EUR     45.98
HSBC Trinkaus & Burkhar   10.20  3/24/2017    EUR     64.95
HSBC Trinkaus & Burkhar   10.50  3/24/2017    EUR     47.24
HSBC Trinkaus & Burkhar    9.40  3/24/2017    EUR     48.32
HSBC Trinkaus & Burkhar    7.30  3/24/2017    EUR     50.92
DekaBank Deutsche Giroz    2.75  6/24/2019    EUR     63.12
Credit Suisse AG/London    7.00  9/30/2020    USD     10.00
Landesbank Baden-Wuertt    3.10 10/25/2019    EUR     62.92
Vontobel Financial Prod   14.50 12/23/2016    EUR     71.12
DZ Bank AG Deutsche Zen    8.40 12/19/2016    EUR     68.19
Vontobel Financial Prod    3.00 12/23/2016    EUR     63.63
UBS AG/London              7.50 10/28/2016    EUR     43.05
Leonteq Securities AG     11.00  9/28/2016    CHF     70.55
Leonteq Securities AG     10.00  9/28/2016    CHF     54.91
Vontobel Financial Prod    6.00 12/23/2016    EUR     46.67
Deutsche Bank AG           3.20 12/20/2016    EUR     74.50
Deutsche Bank AG           3.20 12/20/2016    EUR     70.50
Deutsche Bank AG           3.20 12/20/2016    EUR     66.90
Deutsche Bank AG           3.20 12/20/2016    EUR     62.30
Deutsche Bank AG           3.20 12/20/2016    EUR     60.30
Deutsche Bank AG           3.20 12/20/2016    EUR     56.60
Notenstein La Roche Pri    6.40  9/25/2017    EUR     70.35
Deutsche Bank AG           3.20 12/20/2016    EUR     54.90
Deutsche Bank AG           3.20 12/20/2016    EUR     52.50
Deutsche Bank AG           3.20 12/20/2016    EUR     50.20
Deutsche Bank AG           3.20 12/20/2016    EUR     74.80
Deutsche Bank AG           4.20 12/20/2016    EUR     70.70
Deutsche Bank AG           4.20 12/20/2016    EUR     67.10
Deutsche Bank AG           4.20 12/20/2016    EUR     50.50
Deutsche Bank AG           4.20 12/20/2016    EUR     48.40
Deutsche Bank AG           4.20 10/26/2016    EUR     70.20
Deutsche Bank AG           4.20 10/26/2016    EUR     66.50
Deutsche Bank AG           4.20 10/26/2016    EUR     49.80
Deutsche Bank AG           4.20 10/26/2016    EUR     47.80
Deutsche Bank AG           4.20 11/22/2017    EUR     54.00
Deutsche Bank AG           4.20 10/26/2016    EUR     56.20
Deutsche Bank AG           3.20 10/26/2016    EUR     74.20
Deutsche Bank AG           3.20 10/26/2016    EUR     52.00
Deutsche Bank AG           3.20 10/26/2016    EUR     49.70
Deutsche Bank AG           3.20 10/26/2016    EUR     61.90
Deutsche Bank AG           3.20 10/26/2016    EUR     59.90
Deutsche Bank AG           3.20 10/26/2016    EUR     56.10
DZ Bank AG Deutsche Zen    5.70 12/19/2016    EUR     71.52
DZ Bank AG Deutsche Zen    7.00 12/23/2016    EUR     74.68
National Capital JSC      10.50  9/15/2020    RUB     60.03
Vontobel Financial Prod    8.65 10/28/2016    EUR     68.82
HSBC Trinkaus & Burkhar    6.70 10/28/2016    EUR     52.26
Deutsche Bank AG           8.20 12/20/2016    EUR     64.80
Deutsche Bank AG           9.20 12/20/2016    EUR     47.70
Deutsche Bank AG           8.20 12/20/2016    EUR     45.70
Deutsche Bank AG           9.20 12/20/2016    EUR     46.00
Deutsche Bank AG           9.20 12/20/2016    EUR     53.20
Deutsche Bank AG           8.20 12/20/2016    EUR     71.70
Deutsche Bank AG           9.20 12/20/2016    EUR     71.90
Deutsche Bank AG           3.20 10/26/2016    EUR     70.10
Deutsche Bank AG           3.20 11/22/2017    EUR     70.00
Deutsche Bank AG           3.20 10/26/2016    EUR     54.40
Deutsche Bank AG           3.20 11/22/2017    EUR     50.80
Deutsche Bank AG           3.20 11/22/2017    EUR     61.30
Deutsche Bank AG           3.20 11/22/2017    EUR     57.90
Deutsche Bank AG           4.20 10/26/2016    EUR     74.40
DekaBank Deutsche Giroz    3.10   8/4/2017    EUR     37.96
DekaBank Deutsche Giroz    2.75  8/26/2019    EUR     73.37
HSBC Trinkaus & Burkhar    6.00  3/24/2017    EUR     72.40
HSBC Trinkaus & Burkhar    6.60 10/28/2016    EUR     70.67
HSBC Trinkaus & Burkhar    6.00  3/24/2017    EUR     54.57
Deutsche Bank AG           9.20 12/20/2016    EUR     65.00
Deutsche Bank AG           8.20 12/20/2016    EUR     53.00
Goldman Sachs & Co Wert   22.00 10/26/2016    EUR     70.28
Goldman Sachs & Co Wert   21.00 10/26/2016    EUR     71.11
DekaBank Deutsche Giroz    3.00  6/30/2017    EUR     72.38
DZ Bank AG Deutsche Zen    5.30 12/19/2016    EUR     74.59
DekaBank Deutsche Giroz   10.50 11/15/2016    EUR     68.01
DekaBank Deutsche Giroz    8.35 11/15/2016    EUR     72.24
DZ Bank AG Deutsche Zen    6.25 10/28/2016    EUR     49.21
DZ Bank AG Deutsche Zen    8.50 10/28/2016    EUR     56.16
HSBC Trinkaus & Burkhar    7.20  6/23/2017    EUR     69.79
HSBC Trinkaus & Burkhar    8.20  6/23/2017    EUR     51.21
DekaBank Deutsche Giroz    2.50  9/16/2019    EUR     73.28
Credit Suisse AG/London    7.00  9/30/2020    USD     10.15
Credit Suisse AG/London    7.50  10/6/2016    CHF     57.43
Vontobel Financial Prod   13.00 12/23/2016    EUR     73.36
DZ Bank AG Deutsche Zen    7.60 12/19/2016    EUR     70.13
DZ Bank AG Deutsche Zen    9.10 12/19/2016    EUR     66.22
Vontobel Financial Prod   18.50 12/23/2016    EUR     56.99
Landesbank Baden-Wuertt    3.55  6/23/2017    EUR     64.50
Landesbank Baden-Wuertt    3.70  6/23/2017    EUR     69.37
Landesbank Baden-Wuertt    3.15  6/22/2018    EUR     47.90
Leonteq Securities AG/G   10.58   2/3/2017    USD     33.90
Landesbank Baden-Wuertt    3.00  6/23/2017    EUR     71.26
UBS AG                     9.50 12/22/2017    EUR     54.53
UBS AG                     5.50 12/23/2016    EUR     62.85
UBS AG                     9.25 12/23/2016    EUR     32.11
UBS AG                    14.00 12/23/2016    EUR     64.48
UBS AG                    12.75 12/23/2016    EUR     68.61
UBS AG                    12.00 12/23/2016    EUR     40.17
UBS AG                     7.00 12/22/2017    EUR     60.04
UBS AG                    11.25 12/23/2016    EUR     73.23
UBS AG                     5.25 12/22/2017    EUR     46.22
UBS AG                     5.25 12/23/2016    EUR     67.74
UBS AG                    16.75 12/23/2016    EUR     31.72
UBS AG                     8.25 12/22/2017    EUR     54.52
UBS AG                     7.50 12/23/2016    EUR     54.55
UBS AG                    11.75 12/22/2017    EUR     45.95
UBS AG                     5.25 12/23/2016    EUR     71.27
UBS AG                     5.00 12/22/2017    EUR     74.28
UBS AG                     7.75 12/22/2017    EUR     63.53
UBS AG                     7.00 12/22/2017    EUR     60.19
UBS AG                    14.50 12/23/2016    EUR     40.67
UBS AG                     6.75 12/23/2016    EUR     58.44
UBS AG                     8.00 12/23/2016    EUR     58.67
UBS AG                    10.25 12/22/2017    EUR     56.19
UBS AG                     5.75 12/22/2017    EUR     71.97
UBS AG                     7.50 12/23/2016    EUR     61.37
UBS AG                     5.00 12/22/2017    EUR     72.28
UBS AG                    10.25 12/22/2017    EUR     38.20
UBS AG                     5.50 12/22/2017    EUR     67.34
UBS AG                     5.00 12/22/2017    EUR     48.72
UBS AG                    12.25 12/23/2016    EUR     27.93
UBS AG                    13.00 12/23/2016    EUR     27.13
UBS AG                     8.50 12/22/2017    EUR     39.17
UBS AG                    11.75 12/22/2017    EUR     36.67
UBS AG                     5.00 12/23/2016    EUR     71.30
UBS AG                     5.25 12/23/2016    EUR     40.99
UBS AG                     6.75 12/23/2016    EUR     59.13
UBS AG                    16.00 12/23/2016    EUR     37.32
UBS AG                     5.75 12/23/2016    EUR     67.52
UBS AG                     8.00 12/22/2017    EUR     58.14
UBS AG                     8.75 12/22/2017    EUR     56.19
UBS AG                     4.00 12/23/2016    EUR     72.09
UBS AG                     4.50 12/23/2016    EUR     69.02
UBS AG                     5.50 12/22/2017    EUR     66.30
UBS AG                     4.75 12/22/2017    EUR     70.10
UBS AG                    12.50 12/23/2016    EUR     44.25
UBS AG                     4.00 12/22/2017    EUR     52.38
UBS AG                    10.25 12/22/2017    EUR     53.17
UBS AG                    11.75 12/22/2017    EUR     51.16
UBS AG                    10.25 12/23/2016    EUR     48.74
UBS AG                    10.25 12/23/2016    EUR     44.66
UBS AG                     5.25 12/22/2017    EUR     69.75
UBS AG                     6.00 12/23/2016    EUR     38.70
UBS AG                     7.50 12/22/2017    EUR     40.86
UBS AG                    13.00 12/22/2017    EUR     67.43
UBS AG                     6.75 12/22/2017    EUR     42.56
UBS AG                     8.50 12/23/2016    EUR     33.49
UBS AG                     9.50 12/22/2017    EUR     50.72
UBS AG                     5.75 12/22/2017    EUR     44.43
UBS AG                     7.25 12/23/2016    EUR     35.84
UBS AG                     7.75 12/22/2017    EUR     59.02
UBS AG                     5.75 12/23/2016    EUR     64.58
UBS AG                     8.25 12/22/2017    EUR     40.26
UBS AG                     4.75 12/23/2016    EUR     43.67
UBS AG                    10.50 12/22/2017    EUR     47.76
UBS AG                     4.50 12/23/2016    EUR     68.15
UBS AG                     4.75 12/22/2017    EUR     71.56
UBS AG                     7.75 12/23/2016    EUR     54.64
UBS AG                     7.75 12/23/2016    EUR     46.89
UBS AG                     5.25 12/23/2016    EUR     69.12
UBS AG                     5.00 12/22/2017    EUR     71.80
UBS AG                     4.75 12/23/2016    EUR     40.75
UBS AG                     6.25 12/22/2017    EUR     41.81
UBS AG                    11.50 12/23/2016    EUR     73.06
UBS AG                    10.50 12/23/2016    EUR     38.61
UBS AG                     5.50 12/23/2016    EUR     35.29
UBS AG                    11.25 12/22/2017    EUR     74.94
UBS AG                     9.00 12/22/2017    EUR     70.55
UBS AG                     6.00 12/23/2016    EUR     58.69
UBS AG                     8.25 12/22/2017    EUR     52.59
UBS AG                     6.25 12/23/2016    EUR     31.24
UBS AG                     4.50 12/22/2017    EUR     48.66
UBS AG                    10.50 12/22/2017    EUR     44.22
UBS AG                     5.00 12/22/2017    EUR     45.80
UBS AG                     9.50 12/23/2016    EUR     45.56
UBS AG                    10.50 12/22/2017    EUR     53.87
UBS AG                    14.50 12/23/2016    EUR     61.31
UBS AG                     6.00 12/23/2016    EUR     58.69
UBS AG                     6.75 12/23/2016    EUR     50.09
UBS AG                     8.50 12/23/2016    EUR     47.09
UBS AG                     9.50 12/22/2017    EUR     47.32
UBS AG                     6.50 12/22/2017    EUR     59.16
UBS AG                     6.50 12/22/2017    EUR     42.13
Leonteq Securities AG/G    5.75  3/17/2017    CHF     53.85
DekaBank Deutsche Giroz    3.40   3/5/2018    EUR     61.80
Banque Cantonale Vaudoi    4.80  3/10/2017    CHF     65.52
Landesbank Baden-Wuertt    4.20 10/28/2016    EUR     36.38
Landesbank Baden-Wuertt    3.50 10/28/2016    EUR     69.08
Landesbank Baden-Wuertt    3.30  6/22/2018    EUR     49.17
Landesbank Baden-Wuertt    4.15 10/28/2016    EUR     36.75
DekaBank Deutsche Giroz    3.10  2/26/2018    EUR     62.64
Landesbank Baden-Wuertt    3.90  6/23/2017    EUR     64.22
DekaBank Deutsche Giroz    3.10   2/5/2018    EUR     71.43
Lehman Brothers Treasur    5.00  2/15/2018    EUR      0.75
Lehman Brothers Treasur    9.00   5/6/2011    CHF      0.75
Lehman Brothers Treasur   10.60  4/22/2014    MXN      0.75
Lehman Brothers Treasur   16.00  11/9/2008    USD      0.75
Lehman Brothers Treasur   10.00  5/22/2009    USD      0.75
Lehman Brothers Treasur    4.60   8/1/2013    EUR      0.75
Lehman Brothers Treasur    8.00  5/22/2009    USD      0.75
Lehman Brothers Treasur   15.00   6/4/2009    CHF      0.75
Goldman Sachs & Co Wert   15.00  1/25/2017    EUR     73.97
Goldman Sachs & Co Wert   19.00  1/25/2017    EUR     69.79
Goldman Sachs & Co Wert    3.00  1/25/2017    EUR     67.52
Goldman Sachs & Co Wert    7.00  1/25/2017    EUR     53.91
Goldman Sachs & Co Wert   10.00  1/25/2017    EUR     50.62
Goldman Sachs & Co Wert   18.00  1/25/2017    EUR     45.12
Goldman Sachs & Co Wert    4.00 12/20/2017    EUR     63.55
Goldman Sachs & Co Wert    7.00 12/20/2017    EUR     57.89
Goldman Sachs & Co Wert   10.00 12/20/2017    EUR     54.58
Goldman Sachs & Co Wert   11.00 12/20/2017    EUR     54.35
Lehman Brothers Treasur    7.60   3/4/2010    NZD      0.75
Lehman Brothers Treasur   13.50   6/2/2009    USD      0.75
UBS AG/London              5.00  12/9/2016    CHF     73.94
Vontobel Financial Prod   11.50 12/23/2016    EUR     48.12
Lehman Brothers Treasur   12.40  6/12/2009    USD      0.75
UBS AG                    13.50  6/13/2017    CHF     69.70
Lehman Brothers Treasur    0.50   6/2/2020    EUR      0.75
Lehman Brothers Treasur   11.00   7/4/2011    USD      0.75
Lehman Brothers Treasur   12.00   7/4/2011    EUR      0.75
Lehman Brothers Treasur    5.50   7/8/2013    EUR      0.75
Lehman Brothers Treasur    7.75   1/3/2012    AUD      0.75
Lehman Brothers Treasur    3.10   6/4/2010    USD      0.75
Lehman Brothers Treasur    2.50  8/15/2012    CHF      0.75
DZ Bank AG Deutsche Zen   15.75 12/23/2016    EUR     69.27
DZ Bank AG Deutsche Zen   12.50 12/23/2016    EUR     72.92
DZ Bank AG Deutsche Zen    8.50 12/23/2016    EUR     66.10
DZ Bank AG Deutsche Zen    5.50 12/23/2016    EUR     74.62
Lehman Brothers Treasur    0.50   8/1/2020    EUR      0.75
Vontobel Financial Prod   11.00 12/23/2016    EUR     68.99
Vontobel Financial Prod   13.00 12/23/2016    EUR     66.17
Lehman Brothers Treasur    6.00   8/7/2013    EUR      0.75
Lehman Brothers Treasur   14.10 11/12/2008    USD      0.75
Vontobel Financial Prod   16.55 12/23/2016    EUR     47.58
Vontobel Financial Prod   16.50 11/25/2016    EUR     47.11
Vontobel Financial Prod   19.00 11/25/2016    EUR     45.83
DZ Bank AG Deutsche Zen    7.25 12/19/2016    EUR     67.74
Landesbank Baden-Wuertt    5.00 12/23/2016    EUR     55.54
Landesbank Baden-Wuertt    4.00 12/23/2016    EUR     57.46
Credit Suisse AG/Nassau    7.13  6/26/2017    CHF     63.12
Lehman Brothers Treasur    2.30   6/6/2013    USD      0.75
Vontobel Financial Prod    6.50 12/23/2016    EUR     73.23
Vontobel Financial Prod   18.00 12/23/2016    EUR     60.07
Vontobel Financial Prod   11.50 12/23/2016    EUR     65.48
DZ Bank AG Deutsche Zen    7.40 12/19/2016    EUR     70.44
DZ Bank AG Deutsche Zen    6.60  3/20/2017    EUR     71.50
DZ Bank AG Deutsche Zen    5.00  3/20/2017    EUR     65.82
Lehman Brothers Treasur    8.80 12/27/2009    EUR      0.75
Lehman Brothers Treasur   11.00 12/20/2017    AUD      0.75
Lehman Brothers Treasur    4.00   1/4/2011    USD      0.75
Lehman Brothers Treasur    9.30 12/21/2010    EUR      0.75
Lehman Brothers Treasur    0.50 12/20/2017    USD      0.75
Lehman Brothers Treasur    0.50 12/20/2017    USD      0.75
Goldman Sachs & Co Wert   17.00  1/25/2017    EUR     71.99
Lehman Brothers Treasur    5.38   2/4/2014    USD      0.75
Lehman Brothers Treasur   13.00  2/16/2009    CHF      0.75
UBS AG/London             16.40 11/11/2016    EUR     63.11
Deutsche Bank AG           8.20  3/21/2017    EUR     72.30
Immigon Portfolioabbau     5.21  2/13/2026    EUR     71.75
HSBC Trinkaus & Burkhar    4.00  6/16/2017    EUR     53.18
Lehman Brothers Treasur    1.00  2/26/2010    USD      0.75
Vontobel Financial Prod    4.00  11/9/2017    EUR     55.57
Lehman Brothers Treasur    8.00 10/17/2014    EUR      0.75
Bank Julius Baer & Co L   10.60  12/9/2016    CHF     59.05
DZ Bank AG Deutsche Zen    6.00 12/23/2016    EUR     72.27
HSBC Trinkaus & Burkhar   13.70 12/23/2016    EUR     73.44
HSBC Trinkaus & Burkhar   11.60 12/23/2016    EUR     72.78
HSBC Trinkaus & Burkhar    9.20  6/23/2017    EUR     65.42
HSBC Trinkaus & Burkhar   11.50 12/23/2016    EUR     74.99
HSBC Trinkaus & Burkhar   12.60  3/24/2017    EUR     66.02
HSBC Trinkaus & Burkhar    9.40  1/27/2017    EUR     69.79
HSBC Trinkaus & Burkhar   14.40 12/23/2016    EUR     63.34
Lehman Brothers Treasur    9.50   4/1/2018    USD      0.75
Landesbank Baden-Wuertt    3.60 11/22/2019    EUR     73.65
Leonteq Securities AG      8.00 12/14/2016    EUR     69.43
Lehman Brothers Treasur    6.45  2/20/2010    AUD      0.75
Goldman Sachs & Co Wert   21.00 11/23/2016    EUR     71.39
Goldman Sachs & Co Wert   18.00  1/25/2017    EUR     74.12
Lehman Brothers Treasur    3.45  5/23/2013    USD      0.75
Goldman Sachs & Co Wert   15.00  1/25/2017    EUR     70.31
Goldman Sachs & Co Wert    8.00  1/25/2017    EUR     72.57
Goldman Sachs & Co Wert   19.00  1/25/2017    EUR     58.93
Goldman Sachs & Co Wert    8.00 12/20/2017    EUR     70.91
Goldman Sachs & Co Wert   12.00 12/20/2017    EUR     66.48
Lehman Brothers Treasur   11.00 12/20/2017    AUD      0.75
Lehman Brothers Treasur    0.50 12/20/2017    AUD      0.75
Lehman Brothers Treasur    0.50 12/20/2017    AUD      0.75
Lehman Brothers Treasur    0.50 12/20/2017    AUD      0.75
Lehman Brothers Treasur    8.00 12/31/2010    USD      0.75
Lehman Brothers Treasur    0.50 12/20/2017    USD      0.75
Lehman Brothers Treasur    0.50 12/20/2017    USD      0.75
Lehman Brothers Treasur   10.00  2/16/2009    CHF      0.75
UBS AG/London             12.70  5/12/2017    EUR     73.81
Lehman Brothers Treasur    7.00  2/15/2010    CHF      0.75
Vontobel Financial Prod   20.45  10/5/2016    EUR     63.32
Lehman Brothers Treasur    8.00  3/21/2018    USD      0.75
DZ Bank AG Deutsche Zen    7.00 12/23/2016    EUR     74.61
DZ Bank AG Deutsche Zen    9.10 12/23/2016    EUR     73.06
DZ Bank AG Deutsche Zen   11.10 12/23/2016    EUR     64.61
DZ Bank AG Deutsche Zen    8.60 12/23/2016    EUR     64.21
HSBC Trinkaus & Burkhar   11.60  3/24/2017    EUR     73.15
HSBC Trinkaus & Burkhar   10.40  1/27/2017    EUR     63.55
HSBC Trinkaus & Burkhar   11.80  3/24/2017    EUR     74.54
HSBC Trinkaus & Burkhar    7.60  3/24/2017    EUR     73.38
Lehman Brothers Treasur    7.05   4/8/2015    USD      0.75
Lehman Brothers Treasur    7.80  3/31/2018    USD      0.75
HSBC Trinkaus & Burkhar   11.40 12/23/2016    EUR     69.23
Lehman Brothers Treasur    6.00   3/4/2015    USD      0.75
Lehman Brothers Treasur    7.15  3/21/2013    USD      0.75
Lehman Brothers Treasur    3.50  6/20/2011    EUR      0.75
Vontobel Financial Prod   14.15 12/23/2016    EUR     66.84
Vontobel Financial Prod    9.55 12/23/2016    EUR     72.79
Lehman Brothers Treasur    7.60  1/31/2013    AUD      0.75
Lehman Brothers Treasur    5.50  6/22/2010    USD     11.88
Lehman Brothers Treasur   10.00 10/22/2008    USD      0.75
Lehman Brothers Treasur    6.60  5/23/2012    AUD      0.75
Goldman Sachs & Co Wert   19.00  1/25/2017    EUR     67.28
Goldman Sachs & Co Wert   12.00 12/20/2017    EUR     74.78
Goldman Sachs & Co Wert   13.00  1/25/2017    EUR     72.93
Goldman Sachs & Co Wert   17.00  1/25/2017    EUR     68.53
Goldman Sachs & Co Wert    7.00  1/25/2017    EUR     73.76
Goldman Sachs & Co Wert   15.00  1/25/2017    EUR     62.37
Goldman Sachs & Co Wert    6.00 12/20/2017    EUR     74.12
Goldman Sachs & Co Wert   10.00 12/20/2017    EUR     68.37
UBS AG                     5.00 12/22/2017    EUR     66.44
UBS AG                     7.00 12/23/2016    EUR     38.85
UBS AG                     4.50 12/22/2017    EUR     42.70
DekaBank Deutsche Giroz    3.40   4/9/2018    EUR     41.32
UBS AG                     9.50 12/23/2016    EUR     41.72
UBS AG                    10.25 12/23/2016    EUR     30.85
UniCredit Bank AG          4.10  9/28/2018    EUR     60.47
DekaBank Deutsche Giroz    3.10   5/5/2017    EUR     55.73
DekaBank Deutsche Giroz    3.00  4/16/2018    EUR     68.37
UBS AG/London              5.00  8/14/2017    CHF     51.00
Landesbank Baden-Wuertt    3.60  6/23/2017    EUR     64.09
UBS AG/London             13.75 12/23/2016    EUR     57.28
DekaBank Deutsche Giroz    3.15  5/18/2018    EUR     61.01
Notenstein La Roche Pri    6.50   7/2/2018    USD     56.75
DekaBank Deutsche Giroz    3.00  6/12/2018    EUR     59.31
UBS AG                     9.00   7/3/2017    CHF     64.94
EFG International Finan    5.00  8/15/2017    CHF     60.39
UBS AG/London              4.25 12/23/2016    EUR     60.02
UBS AG/London              4.50 12/22/2017    EUR     56.75
UBS AG/London              7.50 12/23/2016    EUR     61.95
UBS AG/London              6.00 12/23/2016    EUR     46.90
UBS AG/London              7.00 12/22/2017    EUR     66.64
UBS AG/London             13.25 12/23/2016    EUR     71.05
UBS AG/London              7.00 12/22/2017    EUR     49.37
UBS AG/London             14.00 12/23/2016    EUR     38.12
UBS AG/London             11.00 12/23/2016    EUR     38.26
UBS AG/London              5.00 12/23/2016    EUR     50.59
UBS AG/London              4.00 12/22/2017    EUR     55.90
UBS AG/London              4.00 12/22/2017    EUR     62.10
UBS AG/London              5.50 12/23/2016    EUR     48.66
UBS AG/London              6.75 12/23/2016    EUR     52.57
UBS AG/London             12.25 12/23/2016    EUR     36.50
UBS AG/London             12.50 12/22/2017    EUR     72.83
UBS AG/London              9.50 12/22/2017    EUR     57.69
UBS AG/London              4.25 12/23/2016    EUR     52.64
UBS AG/London              9.00 12/22/2017    EUR     46.88
UBS AG/London              5.00 12/23/2016    EUR     41.66
UBS AG/London              8.25 12/23/2016    EUR     42.62
UBS AG/London              6.75 12/23/2016    EUR     45.35
UBS AG/London              5.75 12/22/2017    EUR     52.40
UBS AG/London              5.00 12/22/2017    EUR     59.39
UBS AG/London              6.25 12/22/2017    EUR     51.45
UBS AG/London              9.00 12/23/2016    EUR     57.12
UBS AG/London              5.00 12/22/2017    EUR     55.29
UBS AG/London              5.50 12/23/2016    EUR     73.43
UBS AG/London              7.75 12/22/2017    EUR     53.29
EFG International Finan    5.00  8/15/2017    CHF     73.57
Notenstein La Roche Pri    5.00  8/29/2018    CHF     59.01
JP Morgan Structured Pr    4.05  8/29/2017    EUR     33.02
Leonteq Securities AG/G    4.40  8/28/2017    CHF     68.20
Notenstein La Roche Pri    5.04  8/28/2017    CHF     68.38
Notenstein La Roche Pri    5.00   9/5/2018    CHF     60.77
Leonteq Securities AG/G    4.68  8/29/2017    CHF     70.87
Leonteq Securities AG      6.00  9/26/2016    CHF     54.31
Leonteq Securities AG      7.20  9/26/2016    EUR     66.40
Credit Suisse AG/Nassau    6.25  9/26/2016    CHF     54.14
Notenstein La Roche Pri    7.50  9/26/2016    EUR     71.17
Notenstein La Roche Pri    7.00  9/26/2016    CHF     74.73
Notenstein La Roche Pri    7.00  9/26/2016    CHF     56.59
Notenstein La Roche Pri    6.50  9/26/2016    CHF     72.27
Notenstein La Roche Pri    5.50  9/26/2016    CHF     49.27
Notenstein La Roche Pri    5.00  9/26/2016    CHF     50.24
Goldman Sachs & Co Wert    3.00  1/25/2017    EUR     63.93
Goldman Sachs & Co Wert    4.00  1/25/2017    EUR     61.00
Goldman Sachs & Co Wert    6.00  1/25/2017    EUR     56.03
Goldman Sachs & Co Wert    8.00  1/25/2017    EUR     52.01
Goldman Sachs & Co Wert   14.00  1/25/2017    EUR     46.70
Goldman Sachs & Co Wert    3.00 12/20/2017    EUR     67.98
Goldman Sachs & Co Wert    3.00 12/20/2017    EUR     71.03
Goldman Sachs & Co Wert    5.00 12/20/2017    EUR     59.77
Goldman Sachs & Co Wert    6.00 12/20/2017    EUR     58.75
Goldman Sachs & Co Wert    7.00 12/20/2017    EUR     55.94
Goldman Sachs & Co Wert    8.00 12/20/2017    EUR     55.36
Goldman Sachs & Co Wert   11.00 12/20/2017    EUR     52.98
Goldman Sachs & Co Wert    3.00 12/20/2017    EUR     65.07
Goldman Sachs & Co Wert   15.00  1/25/2017    EUR     74.61
Goldman Sachs & Co Wert   18.00  1/25/2017    EUR     71.29
Lehman Brothers Treasur   17.00   6/2/2009    USD      0.75
Lehman Brothers Treasur   23.30  9/16/2008    USD      0.75
Lehman Brothers Treasur    3.00   6/3/2010    EUR      0.75
Leonteq Securities AG      8.80  6/21/2017    CHF     68.23
Lehman Brothers Treasur   10.00  6/17/2009    USD      0.75
Strommen Sparebank         2.28               NOK     35.28
Commerzbank AG             3.60 12/14/2016    EUR     61.28
Commerzbank AG             3.70  6/14/2017    EUR     62.66
Lehman Brothers Treasur   11.00   7/4/2011    CHF      0.75
DZ Bank AG Deutsche Zen    5.00 12/12/2016    EUR     52.38
DZ Bank AG Deutsche Zen    6.20 12/19/2016    EUR     72.82
Lehman Brothers Treasur   16.00 12/26/2008    USD      0.75
Lehman Brothers Treasur    0.50   7/2/2020    EUR      0.75
DZ Bank AG Deutsche Zen    7.25 12/23/2016    EUR     46.44
Lehman Brothers Treasur   13.15 10/30/2008    USD      0.75
Zurcher Kantonalbank Fi    8.50 12/22/2016    CHF     71.74
Vontobel Financial Prod   15.50 12/23/2016    EUR     63.77
Lehman Brothers Treasur    6.25   9/5/2011    EUR      0.75
Notenstein La Roche Pri    9.68  6/15/2017    CHF     67.19
Vontobel Financial Prod   15.50 12/23/2016    EUR     48.19
Vontobel Financial Prod   14.50 11/25/2016    EUR     48.60
DZ Bank AG Deutsche Zen    7.25 12/19/2016    EUR     51.57
DZ Bank AG Deutsche Zen    8.00 12/23/2016    EUR     74.64
Lehman Brothers Treasur    5.25   7/8/2014    EUR      0.75
Landesbank Baden-Wuertt    6.00 12/23/2016    EUR     73.78
Lehman Brothers Treasur    4.00  8/11/2010    USD     11.88
Landesbank Baden-Wuertt    3.00 12/23/2016    EUR     60.03
Lehman Brothers Treasur    7.50  5/30/2010    AUD      0.75
Lehman Brothers Treasur    4.30   6/4/2012    USD      0.75
Lehman Brothers Treasur    4.00   6/5/2011    USD      0.75
Vontobel Financial Prod   21.00 12/23/2016    EUR     57.85
Vontobel Financial Prod    8.55 12/23/2016    EUR     68.96
DZ Bank AG Deutsche Zen    5.60  3/20/2017    EUR     73.11
DZ Bank AG Deutsche Zen    5.10 12/19/2016    EUR     58.93
DZ Bank AG Deutsche Zen    6.30 12/19/2016    EUR     57.27
DZ Bank AG Deutsche Zen    5.50  3/20/2017    EUR     64.04
BAWAG PSK Versicherungs    1.33               EUR     46.07
Leonteq Securities AG     10.60 12/29/2016    EUR     43.94
UBS AG                     5.00 12/23/2016    EUR     38.33
UBS AG                     9.00 12/23/2016    EUR     30.52
UBS AG                     5.00 12/22/2017    EUR     48.53
UBS AG                     4.75 12/22/2017    EUR     71.25
Landesbank Baden-Wuertt    3.05  6/22/2018    EUR     52.61
HSBC Trinkaus & Burkhar    6.00  12/6/2016    EUR     51.70
Landesbank Baden-Wuertt    4.00  6/23/2017    EUR     71.03
UBS AG/London             11.75 12/23/2016    EUR     71.70
DekaBank Deutsche Giroz    3.65  5/18/2018    EUR     65.45
Credit Suisse AG/London    7.00 11/23/2016    CHF     74.24
Vontobel Financial Prod   14.50 12/23/2016    EUR     72.14
Credit Suisse AG/London    7.25 11/23/2016    CHF     58.31
Commerzbank AG            12.50 10/27/2016    EUR     73.90
Commerzbank AG            10.25 10/27/2016    EUR     73.19
Commerzbank AG            12.50 10/27/2016    EUR     69.76
DZ Bank AG Deutsche Zen    5.00 11/25/2016    EUR     59.20
Vontobel Financial Prod    3.05 10/28/2016    EUR     56.93
Vontobel Financial Prod    5.05 10/28/2016    EUR     51.95
Vontobel Financial Prod    4.00 12/23/2016    EUR     54.96
Vontobel Financial Prod    5.00 12/23/2016    EUR     52.75
Vontobel Financial Prod    6.05 12/23/2016    EUR     50.76
Vontobel Financial Prod    7.15 12/23/2016    EUR     48.97
Vontobel Financial Prod    8.50 12/23/2016    EUR     47.40
Vontobel Financial Prod   10.00 12/23/2016    EUR     46.01
Vontobel Financial Prod   10.00 11/25/2016    EUR     65.53
Landesbank Baden-Wuertt    2.00 11/25/2016    EUR     57.37
Landesbank Baden-Wuertt    3.00 11/25/2016    EUR     53.91
Landesbank Baden-Wuertt    4.00 11/25/2016    EUR     51.90
Landesbank Baden-Wuertt    4.50 11/25/2016    EUR     69.99
Landesbank Baden-Wuertt    5.00 11/25/2016    EUR     49.85
Deutsche Bank AG           6.50 12/20/2016    EUR     48.62
DZ Bank AG Deutsche Zen    5.80 12/19/2016    EUR     68.93
DZ Bank AG Deutsche Zen    4.70 12/19/2016    EUR     52.70
Vontobel Financial Prod   14.00 12/23/2016    EUR     72.99
UniCredit Bank AG          5.05 12/22/2016    EUR     74.66
UniCredit Bank AG          5.15 12/22/2016    EUR     73.26
UniCredit Bank AG          5.10 12/22/2016    EUR     73.95
UniCredit Bank AG          5.20 12/22/2016    EUR     72.56
UBS AG/London              7.00 11/18/2016    CHF     73.14
Goldman Sachs & Co Wert   19.00 10/26/2016    EUR     70.04
Goldman Sachs & Co Wert   18.00 11/23/2016    EUR     71.41
Goldman Sachs & Co Wert   23.00 11/23/2016    EUR     66.51
Goldman Sachs & Co Wert   21.00 12/21/2016    EUR     67.76
Goldman Sachs & Co Wert   16.00  6/21/2017    EUR     72.71
Goldman Sachs & Co Wert   22.00 10/26/2016    EUR     74.17
HSBC Trinkaus & Burkhar   11.10  3/24/2017    EUR     62.71
HSBC Trinkaus & Burkhar    7.90  6/23/2017    EUR     67.26
HSBC Trinkaus & Burkhar    8.60  1/27/2017    EUR     65.92
HSBC Trinkaus & Burkhar    9.70 12/23/2016    EUR     47.79
HSBC Trinkaus & Burkhar    6.80 12/23/2016    EUR     51.04
HSBC Trinkaus & Burkhar    7.00  6/23/2017    EUR     52.40
HSBC Trinkaus & Burkhar    7.90  1/27/2017    EUR     50.00
HSBC Trinkaus & Burkhar   14.50 12/23/2016    EUR     65.91
HSBC Trinkaus & Burkhar   12.70  3/24/2017    EUR     68.58
HSBC Trinkaus & Burkhar   10.50  3/24/2017    EUR     71.72
HSBC Trinkaus & Burkhar    9.60  1/27/2017    EUR     72.98
Leonteq Securities AG     14.00 11/30/2016    CHF     65.05
Leonteq Securities AG     10.20 11/30/2016    CHF     61.30
Bank Julius Baer & Co L    6.00 11/25/2016    EUR     73.90
DZ Bank AG Deutsche Zen    5.70 12/19/2016    EUR     55.43
DZ Bank AG Deutsche Zen    5.40  3/20/2017    EUR     56.67
DZ Bank AG Deutsche Zen    6.00  3/20/2017    EUR     55.16
DZ Bank AG Deutsche Zen    6.50  3/20/2017    EUR     72.17
DZ Bank AG Deutsche Zen    7.30  3/20/2017    EUR     70.42
Vontobel Financial Prod    9.00 12/23/2016    EUR     62.52
Vontobel Financial Prod   10.00 12/23/2016    EUR     74.23
Vontobel Financial Prod    8.00 12/23/2016    EUR     73.71
Zurcher Kantonalbank Fi   10.00  12/1/2016    EUR     70.72
DZ Bank AG Deutsche Zen   10.00 12/23/2016    EUR     74.65
DZ Bank AG Deutsche Zen   10.00 12/23/2016    EUR     70.40
DZ Bank AG Deutsche Zen    4.00 12/23/2016    EUR     61.40
DZ Bank AG Deutsche Zen    6.00 12/23/2016    EUR     61.87
DZ Bank AG Deutsche Zen    8.00 12/23/2016    EUR     59.83
DZ Bank AG Deutsche Zen    4.00  3/24/2017    EUR     62.26
DZ Bank AG Deutsche Zen    6.00  3/24/2017    EUR     63.24
DZ Bank AG Deutsche Zen    6.00 12/23/2016    EUR     49.08
DZ Bank AG Deutsche Zen    8.00 12/23/2016    EUR     66.01
DZ Bank AG Deutsche Zen    7.40 11/23/2016    EUR     52.11
DZ Bank AG Deutsche Zen    7.00 11/25/2016    EUR     68.47
DZ Bank AG Deutsche Zen   12.00 11/25/2016    EUR     62.33
DZ Bank AG Deutsche Zen    6.25 11/25/2016    EUR     53.10
DZ Bank AG Deutsche Zen    9.75 11/25/2016    EUR     49.12
DZ Bank AG Deutsche Zen    7.75 12/23/2016    EUR     49.39
DZ Bank AG Deutsche Zen    6.25  3/24/2017    EUR     50.59
DZ Bank AG Deutsche Zen    5.25 12/23/2016    EUR     52.21
DZ Bank AG Deutsche Zen    5.00  3/24/2017    EUR     54.51
DZ Bank AG Deutsche Zen    8.00 11/25/2016    EUR     72.85
DZ Bank AG Deutsche Zen   14.75 11/25/2016    EUR     67.93
DZ Bank AG Deutsche Zen   10.75 11/25/2016    EUR     68.13
Bank Julius Baer & Co L    6.85  12/5/2016    CHF     60.15
Notenstein La Roche Pri    7.11 11/25/2016    EUR     48.30
Credit Suisse AG/Nassau    8.00  12/5/2016    EUR     72.69
DZ Bank AG Deutsche Zen    7.25 12/19/2016    EUR     48.16
DZ Bank AG Deutsche Zen    8.00 12/19/2016    EUR     74.83
DZ Bank AG Deutsche Zen    7.00 12/19/2016    EUR     74.60
DZ Bank AG Deutsche Zen    9.25 12/19/2016    EUR     48.62
DZ Bank AG Deutsche Zen    7.25 12/19/2016    EUR     62.09
Rosbank PJSC               0.02  4/30/2024    RUB     60.06
Vontobel Financial Prod    6.50 12/23/2016    EUR     49.35
Commerzbank AG             8.50 12/22/2016    EUR     53.01
DZ Bank AG Deutsche Zen    5.00 12/29/2016    EUR     63.20
Landesbank Baden-Wuertt    3.00  6/23/2017    EUR     66.23
Commerzbank AG             7.75 12/22/2016    EUR     72.29
Commerzbank AG             5.75 12/22/2016    EUR     53.92
Commerzbank AG             7.25 12/22/2016    EUR     51.24
Commerzbank AG            10.50 12/22/2016    EUR     46.79
Commerzbank AG            11.75 12/22/2016    EUR     72.69
DZ Bank AG Deutsche Zen    5.25  1/27/2017    EUR     73.19
Bank Julius Baer & Co L   11.60   1/5/2017    CHF     41.85
Lehman Brothers Treasur    5.12  4/30/2027    EUR      0.75
Lehman Brothers Treasur    7.75  2/21/2016    EUR      0.75
UBS AG/London             12.50   1/3/2017    CHF     59.65
Lehman Brothers Treasur    8.00 12/27/2032    JPY      0.75
DZ Bank AG Deutsche Zen    5.25  3/24/2017    EUR     73.31
DZ Bank AG Deutsche Zen    9.50  1/27/2017    EUR     68.53
DZ Bank AG Deutsche Zen    6.75  3/24/2017    EUR     53.11
DZ Bank AG Deutsche Zen    5.80  1/25/2017    EUR     57.39
DZ Bank AG Deutsche Zen   10.00 12/23/2016    EUR     73.29
Lehman Brothers Treasur    0.01  9/20/2011    USD      0.75
Vontobel Financial Prod   22.05 12/23/2016    EUR     45.76
Vontobel Financial Prod   10.00 11/25/2016    EUR     54.34
Vontobel Financial Prod    3.55 11/25/2016    EUR     67.23
Vontobel Financial Prod    4.50 11/25/2016    EUR     63.70
Vontobel Financial Prod    5.50 11/25/2016    EUR     60.55
Vontobel Financial Prod    8.50 11/25/2016    EUR     56.67
Vontobel Financial Prod    5.00 12/23/2016    EUR     62.45
Vontobel Financial Prod    3.50 12/23/2016    EUR     67.43
Vontobel Financial Prod    8.00 12/23/2016    EUR     57.24
Vontobel Financial Prod   11.55 12/23/2016    EUR     53.18
Vontobel Financial Prod   14.55 12/23/2016    EUR     50.74
DZ Bank AG Deutsche Zen    8.70 12/23/2016    EUR     74.33
DZ Bank AG Deutsche Zen    9.30  3/24/2017    EUR     73.30
DZ Bank AG Deutsche Zen    7.40 12/23/2016    EUR     58.40
DZ Bank AG Deutsche Zen    6.60  3/24/2017    EUR     59.78
DZ Bank AG Deutsche Zen    7.80  3/24/2017    EUR     58.13
Vontobel Financial Prod    8.50 12/23/2016    EUR     69.15
Vontobel Financial Prod   10.50 12/23/2016    EUR     52.93
DZ Bank AG Deutsche Zen    4.00  3/24/2017    EUR     55.20
Lehman Brothers Treasur   13.00 12/14/2012    USD      0.75
DZ Bank AG Deutsche Zen    7.00 12/19/2016    EUR     69.56
DZ Bank AG Deutsche Zen    8.25 12/19/2016    EUR     55.19
Lehman Brothers Treasur    5.25   4/1/2023    EUR      0.75
WGZ-Bank AG Westdeutsch    5.00   6/6/2017    EUR     52.10
Commerzbank AG             8.75 12/22/2016    EUR     72.63
Commerzbank AG            10.25 12/22/2016    EUR     70.07
Commerzbank AG            12.00 12/22/2016    EUR     67.84
Commerzbank AG             4.75 12/22/2016    EUR     59.50
Commerzbank AG             6.75 12/22/2016    EUR     56.24
Commerzbank AG             7.50 12/22/2016    EUR     55.28
Commerzbank AG            10.00 12/22/2016    EUR     74.50
Commerzbank AG            11.75 12/22/2016    EUR     71.31
Commerzbank AG            11.75 12/22/2016    EUR     71.96
UBS AG/London              6.50  3/24/2017    EUR     59.92
UBS AG/London              7.50  3/24/2017    EUR     74.82
UBS AG/London              9.50  3/24/2017    EUR     71.39
Goldman Sachs & Co Wert    9.00 12/20/2017    EUR     61.93
Goldman Sachs & Co Wert   24.00 11/23/2016    EUR     69.07
Goldman Sachs & Co Wert   24.00 10/26/2016    EUR     45.54
Goldman Sachs & Co Wert   22.00  1/25/2017    EUR     68.79
Vontobel Financial Prod   12.00 11/25/2016    EUR     52.32
Vontobel Financial Prod   14.00 11/25/2016    EUR     50.49
Vontobel Financial Prod    6.55 12/23/2016    EUR     59.71
Vontobel Financial Prod    4.00 11/25/2016    EUR     65.41
Vontobel Financial Prod    5.00 11/25/2016    EUR     62.08
Vontobel Financial Prod    6.60 11/25/2016    EUR     59.20
Vontobel Financial Prod    5.60 12/23/2016    EUR     61.00
Vontobel Financial Prod    4.50 12/23/2016    EUR     64.02
Vontobel Financial Prod    4.05 12/23/2016    EUR     65.69
Vontobel Financial Prod    9.50 12/23/2016    EUR     55.03
Vontobel Financial Prod   13.50 12/23/2016    EUR     51.50
WGZ-Bank AG Westdeutsch    2.75  3/29/2017    EUR     71.90
WGZ-Bank AG Westdeutsch    5.50  3/29/2017    EUR     72.43
DZ Bank AG Deutsche Zen   10.60 12/23/2016    EUR     71.69
DZ Bank AG Deutsche Zen   11.00  3/24/2017    EUR     71.16
DZ Bank AG Deutsche Zen    9.00 12/23/2016    EUR     56.51
DZ Bank AG Deutsche Zen    5.30 12/19/2016    EUR     61.35
DZ Bank AG Deutsche Zen    5.20  3/20/2017    EUR     62.49
EFG International Finan    8.32 12/21/2016    CHF     66.44
Lehman Brothers Treasur    6.70  4/21/2011    USD      0.75
Lehman Brothers Treasur    3.00  9/12/2036    JPY     11.88
Lehman Brothers Treasur    4.82 12/18/2036    EUR      0.75
WGZ-Bank AG Westdeutsch    6.50  3/29/2017    EUR     69.81
EFG International Finan    9.65 12/22/2016    EUR     55.72
Commerzbank AG             8.00 12/22/2016    EUR     73.96
Commerzbank AG             9.50 12/22/2016    EUR     71.36
Commerzbank AG            11.25 12/22/2016    EUR     68.96
Commerzbank AG             4.25 12/22/2016    EUR     60.73
Commerzbank AG             5.25 12/22/2016    EUR     58.33
Commerzbank AG             6.00 12/22/2016    EUR     57.24
Commerzbank AG             8.25 12/22/2016    EUR     54.37
Commerzbank AG             9.00 12/22/2016    EUR     53.50
UBS AG/London              7.00 12/23/2016    EUR     49.24
UBS AG/London              9.75  3/24/2017    EUR     47.72
UBS AG/London              7.00  3/24/2017    EUR     51.00
UBS AG/London              9.00  3/24/2017    EUR     74.02
UBS AG/London              7.00 12/23/2016    EUR     58.47
Goldman Sachs & Co Wert   10.00  1/25/2017    EUR     54.79
Goldman Sachs & Co Wert    7.00  3/22/2017    EUR     54.84
Goldman Sachs & Co Wert   21.00 12/21/2016    EUR     48.54
DZ Bank AG Deutsche Zen    6.00 12/23/2016    EUR     46.70
DZ Bank AG Deutsche Zen    5.25  3/24/2017    EUR     48.97
Deutsche Bank AG           6.20 10/26/2016    EUR     66.70
Deutsche Bank AG           6.20 10/26/2016    EUR     63.40
Deutsche Bank AG           4.20 10/26/2016    EUR     63.20
Deutsche Bank AG           6.20 10/26/2016    EUR     60.40
Deutsche Bank AG           6.20 11/23/2016    EUR     67.20
Deutsche Bank AG           4.20 11/23/2016    EUR     66.80
Deutsche Bank AG           4.20 11/23/2016    EUR     63.50
Deutsche Bank AG           6.20 11/23/2016    EUR     63.90
Deutsche Bank AG           6.20 11/23/2016    EUR     60.90
Deutsche Bank AG           6.20 10/26/2016    EUR     46.00
Deutsche Bank AG           3.20 10/26/2016    EUR     66.40
Deutsche Bank AG           3.20 11/23/2016    EUR     70.30
Deutsche Bank AG           3.20 11/23/2016    EUR     66.70
Deutsche Bank AG           3.20 11/23/2016    EUR     54.70
Deutsche Bank AG           3.20 11/23/2016    EUR     52.20
Deutsche Bank AG           3.20 11/23/2016    EUR     50.00
Deutsche Bank AG           7.20 10/26/2016    EUR     60.50
Deutsche Bank AG           7.20 11/23/2016    EUR     61.00
Deutsche Bank AG           7.20 12/20/2016    EUR     61.60
Deutsche Bank AG           7.20  3/21/2017    EUR     63.30
Deutsche Bank AG           7.20 10/26/2016    EUR     46.10
Deutsche Bank AG           7.20 11/23/2016    EUR     46.70
Deutsche Bank AG           9.20 10/26/2016    EUR     60.70
Deutsche Bank AG           9.20 11/23/2016    EUR     61.40
Deutsche Bank AG           9.20 12/20/2016    EUR     62.10
Deutsche Bank AG           9.20  3/21/2017    EUR     64.30
Deutsche Bank AG           9.20 10/26/2016    EUR     44.60
Deutsche Bank AG           9.20 11/23/2016    EUR     45.30
Deutsche Bank AG           9.20  3/21/2017    EUR     48.30
DZ Bank AG Deutsche Zen    7.00 12/23/2016    EUR     74.68
HSBC Trinkaus & Burkhar   14.00 12/23/2016    EUR     70.04
HSBC Trinkaus & Burkhar   12.00 12/23/2016    EUR     72.70
HSBC Trinkaus & Burkhar   10.90 10/28/2016    EUR     74.27
Bank Julius Baer & Co L   12.60 11/17/2016    CHF     33.75
Vontobel Financial Prod    9.65 12/23/2016    EUR     62.37
Vontobel Financial Prod    8.05 12/23/2016    EUR     64.98
Vontobel Financial Prod    6.50 12/23/2016    EUR     67.91
DZ Bank AG Deutsche Zen    7.00 12/19/2016    EUR     74.60
DZ Bank AG Deutsche Zen    7.00 12/19/2016    EUR     60.15
Goldman Sachs & Co Wert   21.00 11/23/2016    EUR     64.25
Goldman Sachs & Co Wert   18.00 11/23/2016    EUR     55.41
Goldman Sachs & Co Wert   21.00 12/21/2016    EUR     53.47
Goldman Sachs & Co Wert   21.00 11/23/2016    EUR     38.76
Goldman Sachs & Co Wert   22.00 11/23/2016    EUR     64.96
Goldman Sachs & Co Wert   21.00 12/21/2016    EUR     66.40
Deutsche Bank AG           5.20 10/26/2016    EUR     70.30
Deutsche Bank AG           5.20 10/26/2016    EUR     66.60
Deutsche Bank AG           5.20 10/26/2016    EUR     60.30
Deutsche Bank AG           5.20 11/23/2016    EUR     70.70
Deutsche Bank AG           5.20 11/23/2016    EUR     67.00
Deutsche Bank AG           5.20 11/23/2016    EUR     60.70
Deutsche Bank AG           5.20  3/21/2017    EUR     62.30
Deutsche Bank AG           5.20 10/26/2016    EUR     47.80
Deutsche Bank AG           5.20 10/26/2016    EUR     46.00
Deutsche Bank AG           5.20 11/23/2016    EUR     48.20
Deutsche Bank AG           5.20 11/23/2016    EUR     46.30
Deutsche Bank AG           5.20  3/21/2017    EUR     56.70
Deutsche Bank AG           5.20 10/26/2016    EUR     74.90
Deutsche Bank AG           5.50 12/20/2016    EUR     74.00
Deutsche Bank AG           6.50 12/20/2016    EUR     74.30
Deutsche Bank AG           6.50 12/20/2016    EUR     70.80
Deutsche Bank AG           5.50 12/20/2016    EUR     70.60
Deutsche Bank AG           5.50  3/21/2017    EUR     71.80
Deutsche Bank AG           6.50  3/21/2017    EUR     72.30
Deutsche Bank AG           6.50 12/20/2016    EUR     73.50
Deutsche Bank AG           5.50 12/20/2016    EUR     73.30
Bank Julius Baer & Co L   11.35 11/18/2016    CHF     36.30
Bank Julius Baer & Co L    7.10 11/18/2016    EUR     61.65
Bank Julius Baer & Co L    5.50 11/18/2016    CHF     74.10
UBS AG/London              9.00 11/11/2016    CHF     48.39
Vontobel Financial Prod   10.50 10/28/2016    EUR     73.91
Vontobel Financial Prod   11.00 12/23/2016    EUR     72.88
Vontobel Financial Prod   13.00 12/23/2016    EUR     70.76
Leonteq Securities AG      7.40 11/20/2017    EUR     63.03
Property Lease Fund SA     9.00 12/23/2016    PLN     42.00
Bank J Safra Sarasin AG    8.30 11/11/2016    CHF     72.73
Credit Suisse AG/Nassau    8.00 11/24/2016    CHF     70.31
Vontobel Financial Prod   12.00 12/23/2016    EUR     43.37
Vontobel Financial Prod   10.50 12/23/2016    EUR     44.51
Vontobel Financial Prod    9.00 12/23/2016    EUR     48.39
Vontobel Financial Prod    7.00 12/23/2016    EUR     73.91
Vontobel Financial Prod    6.50 12/23/2016    EUR     74.26
Vontobel Financial Prod   12.55 12/23/2016    EUR     74.84
Vontobel Financial Prod   15.00 12/23/2016    EUR     72.17
Vontobel Financial Prod   16.00 12/23/2016    EUR     74.32
UniCredit Bank AG          7.00 12/28/2016    EUR     67.78
Commerzbank AG             8.50 11/24/2016    EUR     74.36
Commerzbank AG             8.50 11/24/2016    EUR     48.97
Commerzbank AG            13.50 10/27/2016    EUR     74.52
Deutsche Bank AG           5.20  6/20/2017    EUR     75.00
Deutsche Bank AG           5.20  6/20/2017    EUR     74.50
Deutsche Bank AG           7.20  6/20/2017    EUR     72.60
Deutsche Bank AG           5.20  6/20/2017    EUR     71.10
Deutsche Bank AG           7.20  6/20/2017    EUR     69.40
Deutsche Bank AG           5.20  6/20/2017    EUR     67.90
Deutsche Bank AG           5.20  6/20/2017    EUR     64.90
Deutsche Bank AG           7.20  6/20/2017    EUR     66.40
Deutsche Bank AG           5.20  6/20/2017    EUR     62.10
Deutsche Bank AG           7.20  6/20/2017    EUR     63.60
Deutsche Bank AG           5.20  3/21/2017    EUR     59.30
Deutsche Bank AG           7.20  3/21/2017    EUR     60.30
Deutsche Bank AG           7.20  3/21/2017    EUR     57.70
Deutsche Bank AG           7.20  3/21/2017    EUR     55.20
Deutsche Bank AG           7.20  3/21/2017    EUR     53.00
Deutsche Bank AG           7.20  6/20/2017    EUR     61.80
Deutsche Bank AG           5.20  6/20/2017    EUR     57.70
Deutsche Bank AG           7.20  6/20/2017    EUR     59.60
Deutsche Bank AG           5.20  6/20/2017    EUR     55.30
Deutsche Bank AG           7.20  6/20/2017    EUR     56.80
Deutsche Bank AG           5.20  6/20/2017    EUR     53.10
Deutsche Bank AG           7.20  6/20/2017    EUR     54.60
Deutsche Bank AG           7.20  6/20/2017    EUR     52.60
Deutsche Bank AG           5.20  6/20/2017    EUR     51.10
Deutsche Bank AG           7.20  6/20/2017    EUR     50.70
Deutsche Bank AG           5.20  6/20/2017    EUR     49.20
Deutsche Bank AG           5.20  3/21/2017    EUR     72.90
Deutsche Bank AG           5.20  6/20/2017    EUR     74.90
Deutsche Bank AG           5.20  6/20/2017    EUR     72.50
Deutsche Bank AG           7.20  6/20/2017    EUR     73.90
DZ Bank AG Deutsche Zen    7.80 12/23/2016    EUR     64.76
DZ Bank AG Deutsche Zen    7.70  3/24/2017    EUR     66.50
Vontobel Financial Prod   10.00 12/23/2016    EUR     72.61
Commerzbank AG             4.50 11/24/2016    EUR     54.16
Commerzbank AG             5.00 11/24/2016    EUR     53.01
Commerzbank AG             5.75 11/24/2016    EUR     51.97
Commerzbank AG             6.25 11/24/2016    EUR     50.95
Commerzbank AG             7.00 11/24/2016    EUR     49.99
Commerzbank AG             7.75 11/24/2016    EUR     49.10
Commerzbank AG             8.50 11/24/2016    EUR     48.25
Commerzbank AG             9.00 11/24/2016    EUR     73.85
Commerzbank AG             9.25 11/24/2016    EUR     47.42
Commerzbank AG            12.25 11/24/2016    EUR     74.89
Commerzbank AG             8.00 11/24/2016    EUR     74.84
Commerzbank AG             9.75 11/24/2016    EUR     71.25
Commerzbank AG            11.75 11/24/2016    EUR     68.08
Commerzbank AG             9.50 11/24/2016    EUR     72.62
Vontobel Financial Prod    9.00 11/25/2016    EUR     74.47
Vontobel Financial Prod   13.10 12/23/2016    EUR     74.53
Vontobel Financial Prod   10.50 11/25/2016    EUR     71.90
Vontobel Financial Prod    9.50 12/23/2016    EUR     73.62
Bank Julius Baer & Co L    6.50  12/2/2016    EUR     48.45
UniCredit Bank AG          5.00  6/22/2017    EUR     50.99
UniCredit Bank AG          4.80  6/22/2017    EUR     52.33
UniCredit Bank AG          4.60  6/22/2017    EUR     53.78
UniCredit Bank AG          4.60  6/22/2017    EUR     54.34
UniCredit Bank AG          4.40  6/22/2017    EUR     55.34
UniCredit Bank AG          4.40  6/22/2017    EUR     56.53
UniCredit Bank AG          4.40  6/22/2017    EUR     57.17
UniCredit Bank AG          4.20  6/22/2017    EUR     57.64
UniCredit Bank AG          5.00  6/22/2017    EUR     51.46
UniCredit Bank AG          5.00  6/22/2017    EUR     51.98
UniCredit Bank AG          4.80  6/22/2017    EUR     52.85
UniCredit Bank AG          4.80  6/22/2017    EUR     53.38
UniCredit Bank AG          4.60  6/22/2017    EUR     54.90
UniCredit Bank AG          4.40  6/22/2017    EUR     55.95
UniCredit Bank AG          4.20  6/22/2017    EUR     58.27
Goldman Sachs & Co Wert   18.00  3/22/2017    EUR     71.69
Deutsche Bank AG           6.20 10/26/2016    EUR     73.60
Deutsche Bank AG           4.20 10/26/2016    EUR     73.40
Deutsche Bank AG           6.20 10/26/2016    EUR     70.80
Deutsche Bank AG           4.20 10/26/2016    EUR     70.60
Deutsche Bank AG           4.20 11/23/2016    EUR     73.70
Deutsche Bank AG           6.20 11/23/2016    EUR     74.00
Deutsche Bank AG           4.20 11/23/2016    EUR     70.90
Deutsche Bank AG           6.20 11/23/2016    EUR     71.20
Deutsche Bank AG           6.20 10/26/2016    EUR     70.40
Deutsche Bank AG           6.20 10/26/2016    EUR     57.70
Deutsche Bank AG           4.20 11/23/2016    EUR     70.50
Deutsche Bank AG           6.20 11/23/2016    EUR     70.80
Deutsche Bank AG           6.20 11/23/2016    EUR     58.20
Deutsche Bank AG           4.20 10/26/2016    EUR     54.50
Deutsche Bank AG           4.20 11/23/2016    EUR     54.90
Deutsche Bank AG           6.20 10/26/2016    EUR     75.00
Deutsche Bank AG           4.20 10/26/2016    EUR     74.80
Deutsche Bank AG           4.20 10/26/2016    EUR     71.90
Deutsche Bank AG           4.20 11/23/2016    EUR     74.90
Deutsche Bank AG           4.20 11/23/2016    EUR     72.00
Deutsche Bank AG           4.20 12/20/2016    EUR     75.00
Deutsche Bank AG           4.20 10/26/2016    EUR     75.00
Leonteq Securities AG      9.60  12/7/2016    CHF     70.38
Vontobel Financial Prod    4.70 12/23/2016    EUR     73.57
DZ Bank AG Deutsche Zen    4.00  12/7/2016    EUR     56.25
Zurcher Kantonalbank Fi   12.00  12/8/2016    CHF     70.57
Credit Suisse AG/London    7.25  12/7/2016    CHF     69.45
Deutsche Bank AG           9.20 11/23/2016    EUR     61.10
Deutsche Bank AG           7.20 11/23/2016    EUR     60.70
Deutsche Bank AG           5.20 11/23/2016    EUR     60.40
Deutsche Bank AG           5.20 11/23/2016    EUR     56.70
Deutsche Bank AG           9.20 11/23/2016    EUR     57.30
Deutsche Bank AG           7.20 11/23/2016    EUR     57.00
Deutsche Bank AG           7.20  7/26/2017    EUR     63.90
Deutsche Bank AG           9.20  7/26/2017    EUR     65.60
Deutsche Bank AG           5.20  7/26/2017    EUR     62.20
Deutsche Bank AG           5.20  7/26/2017    EUR     58.80
Deutsche Bank AG           7.20  7/26/2017    EUR     60.50
Deutsche Bank AG           9.20  7/26/2017    EUR     62.20
UBS AG/London             10.00 11/25/2016    CHF     69.20
Bank Julius Baer & Co L    5.60  12/8/2016    CHF     60.05
Bank Julius Baer & Co L    5.90  12/8/2016    CHF     53.95
Vontobel Financial Prod   12.50 12/23/2016    EUR     72.18
Vontobel Financial Prod    6.50 12/23/2016    EUR     71.54
UniCredit Bank AG          4.30 12/22/2017    EUR     44.55
Landesbank Baden-Wuertt    4.90 10/28/2016    EUR     48.47
DekaBank Deutsche Giroz    3.30  2/26/2018    EUR     38.49
UniCredit Bank AG          4.40  11/2/2017    EUR     70.65
UniCredit Bank AG          4.30 10/29/2018    EUR     62.12
DekaBank Deutsche Giroz    3.45   6/1/2018    EUR     57.07
Landesbank Baden-Wuertt    3.00  5/25/2018    EUR     51.44
HSBC Trinkaus & Burkhar    5.00 11/14/2016    EUR     37.84
Notenstein La Roche Pri    8.50 11/28/2016    CHF     41.52
Leonteq Securities AG/G    7.60 11/28/2016    CHF     68.95
Leonteq Securities AG/G    6.00 11/28/2016    CHF     53.95
Notenstein La Roche Pri    6.20 11/21/2016    CHF     63.89
Societe Generale SA        1.00 12/22/2017    GBP      0.99
Commerzbank AG            12.50  1/26/2017    EUR     68.98
Vontobel Financial Prod    8.00  9/29/2017    EUR     72.12
Landesbank Baden-Wuertt    5.00  9/22/2017    EUR     73.88
Landesbank Baden-Wuertt    3.00  9/22/2017    EUR     60.64
Landesbank Baden-Wuertt    4.00  9/22/2017    EUR     57.49
Landesbank Baden-Wuertt    5.00  9/22/2017    EUR     55.36
Landesbank Baden-Wuertt    6.00  9/22/2017    EUR     53.62
Landesbank Baden-Wuertt    3.00  9/22/2017    EUR     55.40
Landesbank Baden-Wuertt    3.00  9/22/2017    EUR     72.75
Landesbank Baden-Wuertt    4.00  9/22/2017    EUR     69.20
Landesbank Baden-Wuertt    5.00  9/22/2017    EUR     66.26
Landesbank Baden-Wuertt    4.00  9/22/2017    EUR     74.13
Leonteq Securities AG      6.00 10/12/2017    CHF     61.18
Leonteq Securities AG     10.00 10/12/2016    CHF     59.06
SAir Group                 2.75  7/30/2004    CHF     12.13
UniCredit Bank AG          4.50  9/19/2017    EUR     39.18
UniCredit Bank AG          5.40  6/30/2017    EUR     56.51
Landesbank Hessen-Thuer    5.60  7/11/2017    EUR     48.85
Deutsche Bank AG           4.20 10/26/2016    EUR     52.10
Deutsche Bank AG           6.20 10/26/2016    EUR     47.90
Deutsche Bank AG           6.20 10/26/2016    EUR     44.30
Deutsche Bank AG           4.20 11/23/2016    EUR     52.40
Deutsche Bank AG           4.20 11/23/2016    EUR     50.10
Deutsche Bank AG           6.20 11/23/2016    EUR     48.40
Deutsche Bank AG           4.20 11/23/2016    EUR     48.10
Deutsche Bank AG           6.20 11/23/2016    EUR     46.50
Deutsche Bank AG           6.20 11/23/2016    EUR     44.80
Ladya Finans LLC          12.00 10/29/2021    RUB     64.03
UniCredit Bank AG          4.50 12/22/2016    EUR     74.34
Vontobel Financial Prod   11.00  12/9/2016    EUR     68.70
Societe Generale Effekt   12.08  3/24/2017    EUR     73.75
Societe Generale Effekt   14.61  3/24/2017    EUR     70.62
Societe Generale Effekt   17.29  3/24/2017    EUR     67.99
Commerzbank AG            12.00  1/26/2017    EUR     72.99
UniCredit Bank AG          4.60 12/22/2016    EUR     73.84
UniCredit Bank AG          4.25 12/22/2016    EUR     74.81
DZ Bank AG Deutsche Zen   10.25 12/19/2016    EUR     71.93
DZ Bank AG Deutsche Zen    9.00  3/20/2017    EUR     72.06
DZ Bank AG Deutsche Zen    9.00 12/23/2016    EUR     74.98
Societe Generale Effekt   13.87  6/23/2017    EUR     73.58
Societe Generale Effekt   16.44  6/23/2017    EUR     71.09
Societe Generale Effekt   19.62  6/23/2017    EUR     68.68
Commerzbank AG            14.50  1/26/2017    EUR     68.74
Commerzbank AG            17.25  1/26/2017    EUR     65.10
Goldman Sachs & Co Wert   22.00  3/22/2017    EUR     72.10
Goldman Sachs & Co Wert   21.00  4/26/2017    EUR     73.62
DZ Bank AG Deutsche Zen   10.40  6/19/2017    EUR     72.16
Vontobel Financial Prod   10.00  3/24/2017    EUR     74.94
Vontobel Financial Prod   15.00  3/24/2017    EUR     66.96
DZ Bank AG Deutsche Zen   10.00  6/19/2017    EUR     71.19
Vontobel Financial Prod   16.50  3/24/2017    EUR     73.24
Deutsche Bank AG           5.50 12/20/2016    EUR     72.80
Deutsche Bank AG           6.50 12/20/2016    EUR     73.10
Vontobel Financial Prod    8.55 12/23/2016    EUR     58.74
Goldman Sachs & Co Wert   25.00 12/21/2016    EUR     74.41
Goldman Sachs & Co Wert   14.00 10/26/2016    EUR     71.18
Goldman Sachs & Co Wert   19.00 11/23/2016    EUR     66.06
Goldman Sachs & Co Wert   25.00 11/23/2016    EUR     61.27
Goldman Sachs & Co Wert   23.00 12/21/2016    EUR     62.73
Goldman Sachs & Co Wert   20.00  2/22/2017    EUR     65.56
Goldman Sachs & Co Wert   14.00  6/21/2017    EUR     71.87
Goldman Sachs & Co Wert   15.00  9/20/2017    EUR     71.11
Goldman Sachs & Co Wert    8.00 11/23/2016    EUR     60.96
Goldman Sachs & Co Wert    7.00  1/25/2017    EUR     61.99
Goldman Sachs & Co Wert    5.00  2/22/2017    EUR     68.45
Goldman Sachs & Co Wert    6.00  2/22/2017    EUR     65.32
Goldman Sachs & Co Wert   15.00  2/22/2017    EUR     53.44
Goldman Sachs & Co Wert   19.00  2/22/2017    EUR     51.44
Goldman Sachs & Co Wert    8.00  9/20/2017    EUR     61.63
Goldman Sachs & Co Wert    5.00 12/20/2017    EUR     70.45
Goldman Sachs & Co Wert    8.00 12/20/2017    EUR     63.47
Goldman Sachs & Co Wert   21.00  1/25/2017    EUR     65.02
Goldman Sachs & Co Wert   14.00  2/22/2017    EUR     71.01
Goldman Sachs & Co Wert   16.00  6/21/2017    EUR     68.86
Goldman Sachs & Co Wert   20.00  2/22/2017    EUR     66.21
Deutsche Bank AG           5.50 12/20/2016    EUR     74.90
DZ Bank AG Deutsche Zen    7.20 12/23/2016    EUR     60.61
DZ Bank AG Deutsche Zen    6.40  3/24/2017    EUR     61.91
DZ Bank AG Deutsche Zen    6.00 12/19/2016    EUR     63.77
DZ Bank AG Deutsche Zen    5.60  3/20/2017    EUR     64.88
DZ Bank AG Deutsche Zen    5.25  3/24/2017    EUR     61.35
Vontobel Financial Prod    8.00  3/24/2017    EUR     66.59
Deutsche Bank AG           5.20  2/22/2017    EUR     65.10
Deutsche Bank AG           7.20  2/22/2017    EUR     65.90
Deutsche Bank AG           7.20  2/22/2017    EUR     62.70
Deutsche Bank AG           5.20  2/22/2017    EUR     61.90
Deutsche Bank AG           7.20  2/22/2017    EUR     59.80
Deutsche Bank AG           5.20  2/22/2017    EUR     59.00
Deutsche Bank AG           5.20  2/22/2017    EUR     56.30
Deutsche Bank AG           7.20  2/22/2017    EUR     57.10
Deutsche Bank AG           5.20  2/22/2017    EUR     71.70
Deutsche Bank AG           5.20  1/25/2017    EUR     71.30
Deutsche Bank AG           7.20  1/25/2017    EUR     72.00
Deutsche Bank AG           5.20  1/25/2017    EUR     64.80
Deutsche Bank AG           7.20  1/25/2017    EUR     65.50
Deutsche Bank AG           7.20  1/25/2017    EUR     62.20
Deutsche Bank AG           5.20  1/25/2017    EUR     61.60
Deutsche Bank AG           5.20  1/25/2017    EUR     58.60
Deutsche Bank AG           7.20  1/25/2017    EUR     59.30
Deutsche Bank AG           7.20  1/25/2017    EUR     56.60
Goldman Sachs & Co Wert   10.00  1/25/2017    EUR     73.05
Vontobel Financial Prod    5.00  3/24/2017    EUR     65.21
Vontobel Financial Prod    6.05  3/24/2017    EUR     62.54
Vontobel Financial Prod    7.50  3/24/2017    EUR     60.34
Vontobel Financial Prod    9.00  3/24/2017    EUR     58.39
Vontobel Financial Prod   10.50  3/24/2017    EUR     56.73
Vontobel Financial Prod   12.00  3/24/2017    EUR     55.24
Vontobel Financial Prod    3.00 11/25/2016    EUR     71.26
Vontobel Financial Prod    3.50 11/25/2016    EUR     69.22
Vontobel Financial Prod   10.60 12/23/2016    EUR     56.55
Vontobel Financial Prod    7.00 12/23/2016    EUR     61.33
Vontobel Financial Prod    5.50 12/23/2016    EUR     64.23
Vontobel Financial Prod    4.00 12/23/2016    EUR     67.55
Vontobel Financial Prod    4.00  3/24/2017    EUR     68.21
Goldman Sachs & Co Wert   25.00 10/26/2016    EUR     72.30
Goldman Sachs & Co Wert   13.00 12/21/2016    EUR     73.01
Goldman Sachs & Co Wert   12.00  1/25/2017    EUR     73.89
Goldman Sachs & Co Wert   17.00  1/25/2017    EUR     68.70
Goldman Sachs & Co Wert   22.00  1/25/2017    EUR     64.67
Goldman Sachs & Co Wert   12.00  2/22/2017    EUR     74.70
Goldman Sachs & Co Wert   15.00  3/22/2017    EUR     70.29
Goldman Sachs & Co Wert   17.00  6/21/2017    EUR     68.69
Goldman Sachs & Co Wert   14.00 12/20/2017    EUR     73.31
Goldman Sachs & Co Wert    7.00 10/26/2016    EUR     63.55
Goldman Sachs & Co Wert    8.00 12/21/2016    EUR     61.53
Goldman Sachs & Co Wert   10.00  1/25/2017    EUR     57.35
Goldman Sachs & Co Wert    4.00  2/22/2017    EUR     71.89
Goldman Sachs & Co Wert    7.00  2/22/2017    EUR     62.50
Goldman Sachs & Co Wert   10.00  2/22/2017    EUR     58.12
Goldman Sachs & Co Wert    6.00  9/20/2017    EUR     64.87
Goldman Sachs & Co Wert   10.00  3/22/2017    EUR     58.88
Goldman Sachs & Co Wert    6.00  9/20/2017    EUR     67.76
Goldman Sachs & Co Wert    5.00 12/20/2017    EUR     67.54
Credit Suisse AG/London    6.00  1/23/2017    CHF     71.56
DekaBank Deutsche Giroz    7.40  1/13/2017    EUR     72.07
Landesbank Baden-Wuertt    7.60 12/23/2016    EUR     55.05
DZ Bank AG Deutsche Zen    5.75 12/23/2016    EUR     61.40
Landesbank Baden-Wuertt    3.00  1/27/2017    EUR     71.76
Landesbank Baden-Wuertt    4.00  1/27/2017    EUR     68.55
Landesbank Baden-Wuertt    5.00  1/27/2017    EUR     66.04
Deutsche Bank AG           5.20  2/22/2017    EUR     71.60
Deutsche Bank AG           7.20  2/22/2017    EUR     72.40
Deutsche Bank AG           7.20  2/22/2017    EUR     72.50
Vontobel Financial Prod   10.00 12/23/2016    EUR     56.40
Vontobel Financial Prod   13.15 12/23/2016    EUR     73.80
Vontobel Financial Prod   12.95  3/24/2017    EUR     72.63
DZ Bank AG Deutsche Zen   15.50  1/27/2017    EUR     60.30
UBS AG/London              9.40  4/18/2017    EUR     72.06
DZ Bank AG Deutsche Zen    5.75 12/19/2016    EUR     70.17
DZ Bank AG Deutsche Zen    6.00  3/20/2017    EUR     71.59
Bank Julius Baer & Co L    9.00  1/19/2017    CHF     67.40
HSBC Trinkaus & Burkhar    8.80  6/23/2017    EUR     74.22
HSBC Trinkaus & Burkhar   11.00 12/23/2016    EUR     54.30
HSBC Trinkaus & Burkhar    7.40 12/23/2016    EUR     58.58
HSBC Trinkaus & Burkhar    6.00 10/28/2016    EUR     60.35
HSBC Trinkaus & Burkhar    8.80  1/27/2017    EUR     57.06
Vontobel Financial Prod    4.70  12/9/2016    EUR     70.82
Vontobel Financial Prod   13.50  3/24/2017    EUR     67.44
Societe Generale SA        5.10   9/5/2017    EUR     71.95
Leonteq Securities AG      6.00  1/30/2017    CHF     68.33
HSBC Trinkaus & Burkhar    5.00  1/30/2018    EUR     67.62
DekaBank Deutsche Giroz    2.75  7/17/2019    EUR     55.19
Vontobel Financial Prod    6.20   2/4/2019    EUR     71.08
BNP Paribas Emissions-     7.50 12/22/2016    EUR     72.97
BNP Paribas Emissions-    10.00 12/22/2016    EUR     64.73
BNP Paribas Emissions-    10.00 12/22/2016    EUR     66.19
BNP Paribas Emissions-     7.50 12/22/2016    EUR     73.84
BNP Paribas Emissions-    10.00 12/22/2016    EUR     67.69
BNP Paribas Emissions-     5.00 12/22/2016    EUR     71.24
BNP Paribas Emissions-     6.00 12/22/2016    EUR     67.60
BNP Paribas Emissions-     7.00 12/22/2016    EUR     64.36
BNP Paribas Emissions-     7.50 12/22/2016    EUR     62.88
BNP Paribas Emissions-     9.50 12/22/2016    EUR     71.49
BNP Paribas Emissions-     6.00 12/22/2016    EUR     71.41
BNP Paribas Emissions-     6.50 12/22/2016    EUR     67.90
BNP Paribas Emissions-     8.50 12/22/2016    EUR     62.10
BNP Paribas Emissions-     9.00 12/22/2016    EUR     59.49
BNP Paribas Emissions-     6.00 12/22/2016    EUR     53.08
BNP Paribas Emissions-     6.50 12/22/2016    EUR     50.96
BNP Paribas Emissions-     8.00 12/22/2016    EUR     47.36
BNP Paribas Emissions-     9.00 12/22/2016    EUR     45.85
BNP Paribas Emissions-     5.50 12/22/2016    EUR     66.06
BNP Paribas Emissions-    10.00 12/22/2016    EUR     55.56
Notenstein La Roche Pri    8.00   2/6/2017    EUR     62.98
Landesbank Hessen-Thuer    8.25   3/6/2020    EUR     74.19
Leonteq Securities AG      6.00  2/20/2017    CHF     56.76
Bayerische Landesbank      3.00   3/9/2018    EUR     74.26
Notenstein La Roche Pri    8.80  2/13/2017    CHF     72.40
DekaBank Deutsche Giroz    2.75   2/2/2018    EUR     65.82
Commerzbank AG             5.24  2/16/2017    EUR     58.27
Leonteq Securities AG      7.20   3/6/2017    CHF     59.97
Leonteq Securities AG      7.80  2/27/2017    EUR     56.24
Notenstein La Roche Pri    5.00  2/27/2019    CHF     63.01
Notenstein La Roche Pri    5.70  2/27/2019    CHF     62.71
DekaBank Deutsche Giroz    2.40  2/17/2017    EUR     58.45
UniCredit Bank AG          5.00  6/25/2019    EUR     47.24
Landesbank Hessen-Thuer    5.00  3/27/2019    EUR     56.17
Bayerische Landesbank      2.60  3/29/2018    EUR     50.48
EFG International Finan    7.20  2/25/2019    EUR     46.36
Leonteq Securities AG      5.20   3/6/2017    CHF     65.77
DekaBank Deutsche Giroz    2.50  2/24/2017    EUR     73.67
DekaBank Deutsche Giroz    3.05  2/25/2019    EUR     72.27
BNP Paribas Emissions-     8.00 12/22/2016    EUR     69.90
BNP Paribas Emissions-     9.00 12/22/2016    EUR     72.18
BNP Paribas Emissions-     6.00 12/22/2016    EUR     70.07
BNP Paribas Emissions-     8.50 12/22/2016    EUR     63.68
BNP Paribas Emissions-     8.50 12/22/2016    EUR     69.49
BNP Paribas Emissions-     9.00 12/22/2016    EUR     72.43
BNP Paribas Emissions-    10.00 12/22/2016    EUR     70.07
BNP Paribas Emissions-     5.50 12/22/2016    EUR     67.67
BNP Paribas Emissions-     8.00 12/22/2016    EUR     59.26
BNP Paribas Emissions-    11.00 12/22/2016    EUR     71.63
BNP Paribas Emissions-     6.00 12/22/2016    EUR     46.90
BNP Paribas Emissions-     7.50 12/22/2016    EUR     43.89
BNP Paribas Emissions-     8.00 12/22/2016    EUR     42.50
Vontobel Financial Prod    5.35   3/3/2017    EUR     41.17
Vontobel Financial Prod    5.40   3/3/2017    EUR     57.85
EFG International Finan    8.99   9/4/2017    EUR     29.79
Landesbank Hessen-Thuer    4.00   4/8/2019    EUR     57.90
Bank Julius Baer & Co L    6.50   3/6/2017    CHF     64.55
Leonteq Securities AG      5.25  3/19/2018    CHF     68.17
Notenstein La Roche Pri    6.50  3/13/2017    EUR     45.22
DZ Bank AG Deutsche Zen    2.00 12/16/2016    EUR     64.58
Vontobel Financial Prod    4.60 12/23/2016    EUR     61.42
Notenstein La Roche Pri    7.00  3/10/2017    EUR     72.06
Leonteq Securities AG      7.00  9/20/2017    CHF     71.67
Commerzbank AG             7.20   3/9/2017    EUR     70.77
Credit Suisse AG/Nassau    6.25  9/26/2016    CHF     58.91
Deutsche Bank AG           6.20 12/20/2016    EUR     60.70
Deutsche Bank AG           5.20 12/20/2016    EUR     60.50
Deutsche Bank AG           5.20 12/20/2016    EUR     57.60
Deutsche Bank AG           6.20 12/20/2016    EUR     74.50
Deutsche Bank AG           5.20 12/20/2016    EUR     74.30
Deutsche Bank AG           6.20 12/20/2016    EUR     71.70
Deutsche Bank AG           5.20 12/20/2016    EUR     71.50
Deutsche Bank AG           6.20 12/20/2016    EUR     73.30
Deutsche Bank AG           5.20 12/20/2016    EUR     73.00
Deutsche Bank AG           5.20 12/20/2016    EUR     69.80
Deutsche Bank AG           6.20 12/20/2016    EUR     70.00
Deutsche Bank AG           5.20 12/20/2016    EUR     61.10
Deutsche Bank AG           6.20 12/20/2016    EUR     61.30
Deutsche Bank AG           6.20 12/20/2016    EUR     58.60
Deutsche Bank AG           5.20 12/20/2016    EUR     58.40
Deutsche Bank AG           5.20 12/20/2016    EUR     55.90
Deutsche Bank AG           6.20 12/20/2016    EUR     56.10
Deutsche Bank AG           6.20 12/20/2016    EUR     45.20
Deutsche Bank AG           5.20 12/20/2016    EUR     45.00
Deutsche Bank AG           5.20 12/20/2016    EUR     43.40
Deutsche Bank AG           6.20 12/20/2016    EUR     43.60
Deutsche Bank AG           6.20 12/20/2016    EUR     42.10
Deutsche Bank AG           5.20 12/20/2016    EUR     41.90
Deutsche Bank AG           5.20 12/20/2016    EUR     40.50
Deutsche Bank AG           6.20 12/20/2016    EUR     40.70
Deutsche Bank AG           5.20 12/20/2016    EUR     68.70
Deutsche Bank AG           6.20 12/20/2016    EUR     69.00
Deutsche Bank AG           5.20 12/20/2016    EUR     66.20
Deutsche Bank AG           6.20 12/20/2016    EUR     66.50
Deutsche Bank AG           6.20 12/20/2016    EUR     56.50
Deutsche Bank AG           5.20 12/20/2016    EUR     56.30
Deutsche Bank AG           5.20 12/20/2016    EUR     54.30
Deutsche Bank AG           6.20 12/20/2016    EUR     61.90
Deutsche Bank AG           6.20 12/20/2016    EUR     57.90
Deutsche Bank AG           5.20 12/20/2016    EUR     55.10
Deutsche Bank AG           6.20 12/20/2016    EUR     55.30
Commerzbank AG             5.80  10/8/2017    EUR     67.61
DZ Bank AG Deutsche Zen    5.20   9/8/2017    EUR     71.37
DZ Bank AG Deutsche Zen    5.60   9/8/2017    EUR     67.90
Landesbank Hessen-Thuer    6.75  4/17/2020    EUR     67.24
DekaBank Deutsche Giroz    3.75  3/10/2017    EUR     65.32
HSBC Trinkaus & Burkhar   14.90 12/23/2016    EUR     74.41
Societe Generale Effekt   12.01 12/23/2016    EUR     74.71
Societe Generale Effekt   16.52 12/23/2016    EUR     66.88
Societe Generale Effekt   17.96  6/23/2017    EUR     74.40
Societe Generale Effekt   20.75  6/23/2017    EUR     71.52
Goldman Sachs & Co Wert   22.00  3/22/2017    EUR     67.33
Vontobel Financial Prod   10.00  3/24/2017    EUR     74.19
HSBC Trinkaus & Burkhar   14.80  3/24/2017    EUR     73.65
Societe Generale Effekt   12.85 12/23/2016    EUR     72.92
Societe Generale Effekt   14.61 12/23/2016    EUR     69.78
Societe Generale Effekt   16.37 12/23/2016    EUR     70.75
Goldman Sachs & Co Wert   19.00  4/26/2017    EUR     70.53
Goldman Sachs & Co Wert   21.00  4/26/2017    EUR     68.81
Goldman Sachs & Co Wert   17.00  9/20/2017    EUR     72.98
Royal Bank of Scotland     6.20   9/7/2018    GBP      1.07
Landesbank Baden-Wuertt    3.00 11/25/2016    EUR     59.45
Exane Finance              6.25 12/20/2019    SEK     65.30
Credit Suisse AG/London    7.80  7/31/2020    USD      8.91
UniCredit Bank AG          4.00 12/22/2016    EUR     74.06
UniCredit Bank AG          4.20 12/22/2016    EUR     73.21
UniCredit Bank AG          4.20 12/22/2016    EUR     69.75
UniCredit Bank AG          4.40 12/22/2016    EUR     69.33
UniCredit Bank AG          4.60 12/22/2016    EUR     66.70
UniCredit Bank AG          4.00 12/22/2016    EUR     72.64
UniCredit Bank AG          4.60 12/22/2016    EUR     68.02
Vontobel Financial Prod    3.50 12/23/2016    EUR     57.53
Vontobel Financial Prod    9.00 12/23/2016    EUR     48.45
DZ Bank AG Deutsche Zen    7.75 11/25/2016    EUR     74.03
DZ Bank AG Deutsche Zen    7.75 12/23/2016    EUR     74.62
DZ Bank AG Deutsche Zen    9.75 11/25/2016    EUR     61.34
DZ Bank AG Deutsche Zen    8.75 11/25/2016    EUR     46.69
DZ Bank AG Deutsche Zen    7.00  3/24/2017    EUR     49.83
DZ Bank AG Deutsche Zen    8.25 11/25/2016    EUR     74.62
Rinol AG                   5.50 10/15/2006    DEM      0.00
KPNQwest NV                7.13   6/1/2009    EUR      0.56
Bayerische Landesbank      2.70  8/10/2018    EUR     72.16
HSBC Trinkaus & Burkhar    5.50  1/31/2017    EUR     63.80
Goldman Sachs & Co Wert    5.00  3/22/2017    EUR     65.49
Goldman Sachs & Co Wert    7.00  3/22/2017    EUR     60.82
Goldman Sachs & Co Wert    7.00  6/21/2017    EUR     61.36
Goldman Sachs & Co Wert    5.00  6/21/2017    EUR     51.00
Goldman Sachs & Co Wert    5.00  6/21/2017    EUR     53.02
Goldman Sachs & Co Wert   16.00 12/21/2016    EUR     68.65
Notenstein La Roche Pri    4.20  7/17/2019    CHF     69.20
Landesbank Baden-Wuertt    2.60 12/23/2016    EUR     73.05
Vontobel Financial Prod    4.65  7/24/2017    EUR     61.20
Raiffeisen Centrobank A    7.05  3/22/2017    EUR     71.64
Credit Suisse AG/Nassau    6.00  1/23/2017    CHF     65.21
BNP Paribas Emissions-     4.00  7/27/2017    EUR     65.09
BNP Paribas Emissions-     4.00 10/27/2016    EUR     66.51
BNP Paribas Emissions-     5.50 10/27/2016    EUR     61.54
BNP Paribas Emissions-     3.50  7/27/2017    EUR     70.13
Notenstein La Roche Pri    3.00  7/31/2018    CHF     72.80
Goldman Sachs & Co Wert   16.00 12/21/2016    EUR     70.35
Notenstein La Roche Pri    5.70  1/24/2019    CHF     74.27
Leonteq Securities AG      9.00 10/24/2016    EUR     68.46
Commerzbank AG             6.00   2/5/2018    EUR     73.43
Leonteq Securities AG     11.00   1/9/2017    EUR     59.40
Vontobel Financial Prod   11.90  10/7/2016    EUR     73.34
Credit Suisse AG/London    7.80  7/16/2025    USD      8.57
JP Morgan Structured Pr    3.60  7/17/2017    USD     60.67
Landesbank Baden-Wuertt    2.90  7/27/2018    EUR     50.32
Landesbank Baden-Wuertt    2.70  7/26/2019    EUR     70.46
Landesbank Baden-Wuertt    2.55  7/26/2019    EUR     72.92
Credit Suisse AG/London    7.00  7/31/2025    USD      9.91
Leonteq Securities AG      8.00 10/31/2016    CHF     69.18
UniCredit Bank AG          4.20 12/22/2016    EUR     72.34
UniCredit Bank AG          4.00 12/22/2016    EUR     73.15
UniCredit Bank AG          4.20 12/22/2016    EUR     70.22
UniCredit Bank AG          4.40 12/22/2016    EUR     68.42
UniCredit Bank AG          4.60 12/22/2016    EUR     67.57
UniCredit Bank AG          4.00 12/22/2016    EUR     74.97
UniCredit Bank AG          4.00 12/22/2016    EUR     72.13
UniCredit Bank AG          4.20 12/22/2016    EUR     71.19
UniCredit Bank AG          4.20 12/22/2016    EUR     70.70
UniCredit Bank AG          4.40 12/22/2016    EUR     68.87
UniCredit Bank AG          4.60 12/22/2016    EUR     67.14
UniCredit Bank AG          4.20 12/22/2016    EUR     71.48
UBS AG/London             10.10  3/10/2017    EUR     71.44
DZ Bank AG Deutsche Zen    8.00  3/24/2017    EUR     71.77
DZ Bank AG Deutsche Zen   10.00 12/23/2016    EUR     72.14
DZ Bank AG Deutsche Zen    8.00  3/24/2017    EUR     73.62
DZ Bank AG Deutsche Zen    8.50 11/25/2016    EUR     74.15
DZ Bank AG Deutsche Zen    5.50 11/25/2016    EUR     67.60
DZ Bank AG Deutsche Zen    7.75 12/23/2016    EUR     48.26
DZ Bank AG Deutsche Zen   15.00 11/25/2016    EUR     66.83
Notenstein La Roche Pri    8.99  7/22/2019    EUR     54.20
Leonteq Securities AG     16.00 10/31/2016    CHF     47.46
Leonteq Securities AG      9.00 10/31/2016    EUR     51.92
UniCredit Bank AG          4.00 12/22/2016    EUR     71.64
UniCredit Bank AG          4.40 12/22/2016    EUR     70.70
UniCredit Bank AG          4.40 12/22/2016    EUR     69.88
DZ Bank AG Deutsche Zen    6.00  3/24/2017    EUR     70.93
Vontobel Financial Prod    9.75 12/23/2016    EUR     74.81
Vontobel Financial Prod   12.50 12/23/2016    EUR     71.14
Vontobel Financial Prod    6.10 12/23/2016    EUR     51.87
Vontobel Financial Prod    7.50 12/23/2016    EUR     50.06
DZ Bank AG Deutsche Zen    9.00  3/24/2017    EUR     72.60
DZ Bank AG Deutsche Zen    5.75 11/25/2016    EUR     49.61
DZ Bank AG Deutsche Zen   12.75 12/23/2016    EUR     69.12
DZ Bank AG Deutsche Zen    9.75  3/24/2017    EUR     70.55
Bank Julius Baer & Co L   11.10 11/23/2016    CHF     60.25
Lehman Brothers Treasur    9.25  6/20/2012    USD      0.75
Lehman Brothers Treasur    3.00  9/13/2010    JPY     11.88
Vontobel Financial Prod   16.00 12/23/2016    EUR     74.63
Soyuz AKB OAO             11.25  6/11/2020    RUB     60.30
MRSK Yuga PJSC            13.50   6/8/2020    RUB     70.00
Societe Generale SA        0.50   8/4/2021    BRL     61.00
Lehman Brothers Treasur    5.25 11/21/2009    USD      0.75
Vontobel Financial Prod   12.00  3/24/2017    EUR     70.38
Vontobel Financial Prod   14.00  3/24/2017    EUR     68.02
Vontobel Financial Prod   16.00  3/24/2017    EUR     65.96
Vontobel Financial Prod   17.00  3/24/2017    EUR     65.03
DZ Bank AG Deutsche Zen    9.00  6/19/2017    EUR     74.30
Deutsche Bank AG           7.20 12/20/2016    EUR     74.80
Deutsche Bank AG           5.20 12/20/2016    EUR     74.30
Bank Nederlandse Gemeen    0.50  6/22/2021    ZAR     66.22
DZ Bank AG Deutsche Zen   16.00 12/23/2016    EUR     72.83
Goldman Sachs & Co Wert   10.00  6/21/2017    EUR     67.64
Goldman Sachs & Co Wert   11.00  6/21/2017    EUR     68.38
Goldman Sachs & Co Wert   10.00  6/21/2017    EUR     63.92
Goldman Sachs & Co Wert   11.00  6/21/2017    EUR     64.66
Deutsche Bank AG           5.20  6/20/2017    EUR     74.60
Societe Generale SA        0.50  6/12/2023    RUB     57.55
Bank VTB 24 JSC            3.00 11/26/2043    RUB     60.03
Vontobel Financial Prod   18.50 12/23/2016    EUR     71.34
Societe Generale SA        0.50   7/6/2021    BRL     61.42
Vontobel Financial Prod   15.00  3/24/2017    EUR     74.30
Goldman Sachs & Co Wert   24.00 10/26/2016    EUR     72.76
Goldman Sachs & Co Wert   22.00 11/23/2016    EUR     74.25
Goldman Sachs & Co Wert   24.00 12/21/2016    EUR     72.19
Goldman Sachs & Co Wert   23.00  2/22/2017    EUR     72.23
Goldman Sachs & Co Wert   22.00  3/22/2017    EUR     73.43
Goldman Sachs & Co Wert   25.00  1/25/2017    EUR     71.17
Goldman Sachs & Co Wert   24.00 11/23/2016    EUR     73.49
Goldman Sachs & Co Wert   22.00 12/21/2016    EUR     74.82
DZ Bank AG Deutsche Zen    8.00 12/23/2016    EUR     68.23
DZ Bank AG Deutsche Zen    8.00  3/24/2017    EUR     69.91
HSBC Trinkaus & Burkhar   15.50 12/23/2016    EUR     65.13
HSBC Trinkaus & Burkhar    8.60  6/23/2017    EUR     73.79
HSBC Trinkaus & Burkhar    9.20  9/22/2017    EUR     72.39
HSBC Trinkaus & Burkhar   14.50 10/28/2016    EUR     66.21
HSBC Trinkaus & Burkhar    9.50 10/28/2016    EUR     74.14
HSBC Trinkaus & Burkhar   13.70 11/25/2016    EUR     67.17
HSBC Trinkaus & Burkhar    9.10 11/25/2016    EUR     74.69
HSBC Trinkaus & Burkhar   11.80  2/24/2017    EUR     69.59
HSBC Trinkaus & Burkhar   13.70  3/24/2017    EUR     74.78
DZ Bank AG Deutsche Zen   15.00  2/24/2017    EUR     71.38
HSBC Trinkaus & Burkhar   10.70 12/23/2016    EUR     71.32
HSBC Trinkaus & Burkhar   13.20  3/24/2017    EUR     67.73
HSBC Trinkaus & Burkhar    9.60  3/24/2017    EUR     72.93
HSBC Trinkaus & Burkhar   12.30  6/23/2017    EUR     68.42
HSBC Trinkaus & Burkhar   11.60  6/23/2017    EUR     69.41
HSBC Trinkaus & Burkhar   16.50 12/23/2016    EUR     72.18
Goldman Sachs & Co Wert   25.00 10/26/2016    EUR     73.64
Goldman Sachs & Co Wert   25.00 11/23/2016    EUR     73.98
Goldman Sachs & Co Wert   20.00 11/23/2016    EUR     62.83
Goldman Sachs & Co Wert   24.00 12/21/2016    EUR     59.60
Goldman Sachs & Co Wert   18.00 10/26/2016    EUR     64.43
Goldman Sachs & Co Wert   15.00  3/22/2017    EUR     66.86
Goldman Sachs & Co Wert   15.00  6/21/2017    EUR     67.51
Goldman Sachs & Co Wert   17.00  6/21/2017    EUR     66.39
Goldman Sachs & Co Wert   10.00  9/20/2017    EUR     74.78
Goldman Sachs & Co Wert   14.00  2/22/2017    EUR     68.57
Goldman Sachs & Co Wert   13.00 12/20/2017    EUR     69.64
Goldman Sachs & Co Wert   10.00 12/21/2016    EUR     72.01
Goldman Sachs & Co Wert   10.00  3/22/2017    EUR     71.43
Goldman Sachs & Co Wert    8.00 12/20/2017    EUR     73.21
Commerzbank AG            14.00 11/24/2016    EUR     69.10
Commerzbank AG            13.50  1/26/2017    EUR     71.15
Deutsche Bank AG           7.20 12/20/2016    EUR     72.60
Deutsche Bank AG           5.20 12/20/2016    EUR     68.00
Deutsche Bank AG           3.20  3/21/2017    EUR     71.70
Deutsche Bank AG           7.20  3/21/2017    EUR     73.70
Deutsche Bank AG           3.20  3/21/2017    EUR     67.90
Deutsche Bank AG           7.20  3/21/2017    EUR     69.90
Deutsche Bank AG           5.20  3/21/2017    EUR     68.90
Deutsche Bank AG           7.20  6/20/2017    EUR     74.50
Deutsche Bank AG           9.20 12/20/2016    EUR     73.10
Deutsche Bank AG           9.20 12/20/2016    EUR     69.00
Deutsche Bank AG           9.20  3/21/2017    EUR     70.90
DZ Bank AG Deutsche Zen   12.25  2/24/2017    EUR     71.56
DZ Bank AG Deutsche Zen    9.75  3/24/2017    EUR     74.20
Vontobel Financial Prod   10.05  12/9/2016    EUR     74.94
Goldman Sachs & Co Wert   15.00 10/26/2016    EUR     67.89
Goldman Sachs & Co Wert   14.00 11/23/2016    EUR     68.88
Goldman Sachs & Co Wert   22.00 11/23/2016    EUR     60.16
Goldman Sachs & Co Wert   14.00 12/21/2016    EUR     69.86
Goldman Sachs & Co Wert   18.00 12/21/2016    EUR     63.86
Goldman Sachs & Co Wert   19.00  1/25/2017    EUR     62.99
Goldman Sachs & Co Wert   15.00  1/25/2017    EUR     67.88
Goldman Sachs & Co Wert   22.00  1/25/2017    EUR     61.30
Goldman Sachs & Co Wert   24.00 10/26/2016    EUR     58.61
Goldman Sachs & Co Wert   10.00  3/22/2017    EUR     74.85
Goldman Sachs & Co Wert   19.00  3/22/2017    EUR     63.23
Goldman Sachs & Co Wert   15.00  9/20/2017    EUR     68.51
Goldman Sachs & Co Wert   18.00  2/22/2017    EUR     64.04
Goldman Sachs & Co Wert   21.00  2/22/2017    EUR     62.59
Goldman Sachs & Co Wert   10.00 12/20/2017    EUR     73.70
Goldman Sachs & Co Wert   22.00  2/22/2017    EUR     70.45
Goldman Sachs & Co Wert   10.00  1/25/2017    EUR     71.45
Goldman Sachs & Co Wert    8.00  9/20/2017    EUR     71.90
Goldman Sachs & Co Wert   10.00  2/22/2017    EUR     71.35
Deutsche Bank AG           3.20 12/20/2016    EUR     71.60
Deutsche Bank AG           5.20 12/20/2016    EUR     72.10
Deutsche Bank AG           3.20 12/20/2016    EUR     67.60
Deutsche Bank AG           7.20 12/20/2016    EUR     68.50
Deutsche Bank AG           5.20  3/21/2017    EUR     72.70
Deutsche Bank AG           5.20  6/20/2017    EUR     73.00
Deutsche Bank AG           5.20  6/20/2017    EUR     69.50
Deutsche Bank AG           3.20  6/20/2017    EUR     68.00
Deutsche Bank AG           3.20  6/20/2017    EUR     71.50
Deutsche Bank AG           9.20  3/21/2017    EUR     74.70
Deutsche Bank AG           3.20  6/20/2017    EUR     74.10
Bank Julius Baer & Co L    9.40   2/9/2017    CHF     50.15
DZ Bank AG Deutsche Zen   12.00 12/23/2016    EUR     72.99
SAir Group                 5.13   3/1/2003    CHF     11.00
Bank Julius Baer & Co L    6.00  7/24/2017    CHF     64.50
Region Kapital OOO        14.50  7/10/2018    RUB     60.10
Soyuz AKB OAO             11.50 10/11/2018    RUB     60.15
Barclays Bank PLC          3.38  1/31/2029    USD     68.25
Risland OOO                9.25  1/10/2019    RUB     61.03
Lehman Brothers Treasur    8.28  3/26/2009    USD      0.75
Lehman Brothers Treasur    6.85 12/22/2008    EUR      0.75
Lehman Brothers Treasur    4.35   8/8/2016    SGD      9.63
Lehman Brothers Treasur    4.50   3/6/2013    CHF      0.75
Lehman Brothers Treasur    4.00  4/24/2009    USD      0.75
Lehman Brothers Treasur    9.00  6/13/2009    USD      0.75
Lehman Brothers Treasur    9.00  3/17/2009    GBP      0.75
Lehman Brothers Treasur    7.00 11/28/2008    CHF      0.75
Lehman Brothers Treasur    7.38  9/20/2008    EUR      0.75
Lehman Brothers Treasur    3.85  4/24/2009    USD      0.75
Lehman Brothers Treasur    7.25  10/6/2008    EUR      0.75
Lehman Brothers Treasur   10.50   8/9/2010    EUR      0.75
Lehman Brothers Treasur    8.00  5/22/2009    USD      0.75
Lehman Brothers Treasur    4.50  7/24/2014    EUR      0.75
DZ Bank AG Deutsche Zen    8.00 12/23/2016    EUR     66.13
DZ Bank AG Deutsche Zen    8.00  6/23/2017    EUR     71.21
UBS AG/London              9.20  4/18/2017    EUR     74.89
HSBC Trinkaus & Burkhar    6.90  3/24/2017    EUR     60.13
HSBC Trinkaus & Burkhar    7.60  6/23/2017    EUR     59.49
HSBC Trinkaus & Burkhar   13.60  3/24/2017    EUR     71.98
Vontobel Financial Prod    5.55  3/10/2017    EUR     71.83
Deutsche Bank AG           5.20  1/25/2017    EUR     55.90
Deutsche Bank AG           7.20  1/25/2017    EUR     72.00
Deutsche Bank AG           5.20  1/25/2017    EUR     71.30
Deutsche Bank AG           5.20 12/20/2016    EUR     64.40
Deutsche Bank AG           6.20 12/20/2016    EUR     64.60
Deutsche Bank AG           7.20 12/20/2016    EUR     64.90
Deutsche Bank AG           5.20 12/20/2016    EUR     61.10
Deutsche Bank AG           6.20 12/20/2016    EUR     61.30
Deutsche Bank AG           7.20 12/20/2016    EUR     61.60
Deutsche Bank AG           5.20 12/20/2016    EUR     58.10
Deutsche Bank AG           7.20 12/20/2016    EUR     71.40
DZ Bank AG Deutsche Zen    6.25  3/20/2017    EUR     73.39
DZ Bank AG Deutsche Zen    8.00 12/19/2016    EUR     54.00
DZ Bank AG Deutsche Zen    6.00  1/25/2017    EUR     61.97
BNP Paribas Emissions-    27.00 12/22/2016    EUR     56.85
BNP Paribas Emissions-    10.00 12/21/2017    EUR     68.48
BNP Paribas Emissions-    28.00 12/21/2017    EUR     68.57
BNP Paribas Emissions-    18.00 12/22/2016    EUR     69.27
BNP Paribas Emissions-    24.00 12/22/2016    EUR     64.15
BNP Paribas Emissions-    20.00  3/23/2017    EUR     68.35
BNP Paribas Emissions-    28.00  6/22/2017    EUR     64.88
BNP Paribas Emissions-    15.00 12/21/2017    EUR     73.74
BNP Paribas Emissions-     6.00 12/22/2016    EUR     68.01
BNP Paribas Emissions-    10.00 12/22/2016    EUR     59.04
BNP Paribas Emissions-     6.00  3/23/2017    EUR     65.72
BNP Paribas Emissions-    18.00  6/22/2017    EUR     70.18
BNP Paribas Emissions-    26.00  6/22/2017    EUR     65.76
BNP Paribas Emissions-    22.00 12/21/2017    EUR     69.90
BNP Paribas Emissions-    26.00 12/21/2017    EUR     68.77
BNP Paribas Emissions-     5.00 12/21/2017    EUR     70.16
BNP Paribas Emissions-    23.00 12/21/2017    EUR     58.27
BNP Paribas Emissions-    18.00  3/23/2017    EUR     70.17
BNP Paribas Emissions-    22.00  3/23/2017    EUR     67.77
BNP Paribas Emissions-    28.00  3/23/2017    EUR     63.58
BNP Paribas Emissions-    22.00 12/21/2017    EUR     69.80
BNP Paribas Emissions-    28.00 12/21/2017    EUR     74.45
BNP Paribas Emissions-    28.00  6/22/2017    EUR     74.41
BNP Paribas Emissions-    19.00 12/21/2017    EUR     71.87
BNP Paribas Emissions-    18.00 12/22/2016    EUR     71.14
BNP Paribas Emissions-    15.00  3/23/2017    EUR     74.38
BNP Paribas Emissions-    28.00  3/23/2017    EUR     63.92
BNP Paribas Emissions-    28.00  3/23/2017    EUR     73.13
BNP Paribas Emissions-    27.00  6/22/2017    EUR     74.73
BNP Paribas Emissions-    21.00 12/22/2016    EUR     73.50
BNP Paribas Emissions-    28.00 12/22/2016    EUR     68.52
BNP Paribas Emissions-    22.00  3/23/2017    EUR     72.79
BNP Paribas Emissions-    28.00  3/23/2017    EUR     69.50
BNP Paribas Emissions-    25.00 12/21/2017    EUR     72.96
BNP Paribas Emissions-    22.00  6/22/2017    EUR     73.00
BNP Paribas Emissions-    25.00 12/21/2017    EUR     72.89
BNP Paribas Emissions-    24.00 12/22/2016    EUR     73.62
BNP Paribas Emissions-    25.00 12/21/2017    EUR     74.24
BNP Paribas Emissions-    18.00  3/23/2017    EUR     72.77
BNP Paribas Emissions-    28.00  3/23/2017    EUR     64.84
BNP Paribas Emissions-    24.00  6/22/2017    EUR     73.39
BNP Paribas Emissions-    27.00  6/22/2017    EUR     71.49
BNP Paribas Emissions-    25.00 12/21/2017    EUR     74.53
BNP Paribas Emissions-    22.00  3/23/2017    EUR     74.95
BNP Paribas Emissions-    25.00 12/21/2017    EUR     74.51
BNP Paribas Emissions-    27.00 12/21/2017    EUR     73.66
BNP Paribas Emissions-    24.00 12/22/2016    EUR     74.38
BNP Paribas Emissions-    24.00  3/23/2017    EUR     74.54
BNP Paribas Emissions-    24.00 12/22/2016    EUR     71.66
BNP Paribas Emissions-    22.00 12/21/2017    EUR     73.63
BNP Paribas Emissions-    27.00 12/21/2017    EUR     72.10
BNP Paribas Emissions-    15.00 12/22/2016    EUR     69.33
BNP Paribas Emissions-    25.00 12/22/2016    EUR     56.19
BNP Paribas Emissions-    27.00 12/22/2016    EUR     54.04
BNP Paribas Emissions-    13.00  3/23/2017    EUR     73.87
BNP Paribas Emissions-    16.00  3/23/2017    EUR     68.47
BNP Paribas Emissions-    19.00  3/23/2017    EUR     64.06
BNP Paribas Emissions-    22.00  3/23/2017    EUR     60.59
BNP Paribas Emissions-    25.00  3/23/2017    EUR     57.90
BNP Paribas Emissions-    28.00  3/23/2017    EUR     55.83
BNP Paribas Emissions-    25.00  6/22/2017    EUR     59.40
BNP Paribas Emissions-    15.00 12/21/2017    EUR     71.86
BNP Paribas Emissions-    19.00 12/21/2017    EUR     66.84
BNP Paribas Emissions-    22.00 12/21/2017    EUR     64.45
BNP Paribas Emissions-    25.00 12/21/2017    EUR     63.52
BNP Paribas Emissions-    27.00 12/21/2017    EUR     63.03
BNP Paribas Emissions-    25.00  6/22/2017    EUR     66.97
BNP Paribas Emissions-    28.00 12/21/2017    EUR     69.34
BNP Paribas Emissions-     5.00 12/22/2016    EUR     61.96
BNP Paribas Emissions-     8.00 12/22/2016    EUR     55.14
BNP Paribas Emissions-    22.00 12/22/2016    EUR     68.26
BNP Paribas Emissions-    19.00  3/23/2017    EUR     69.91
BNP Paribas Emissions-    24.00  3/23/2017    EUR     66.85
BNP Paribas Emissions-    28.00  3/23/2017    EUR     64.19
BNP Paribas Emissions-    16.00  6/22/2017    EUR     72.34
BNP Paribas Emissions-    16.00 12/22/2016    EUR     46.35
BNP Paribas Emissions-     5.00  3/23/2017    EUR     62.69
BNP Paribas Emissions-     5.00  6/22/2017    EUR     62.18
BNP Paribas Emissions-    13.00  6/22/2017    EUR     51.40
BNP Paribas Emissions-    19.00  6/22/2017    EUR     48.92
BNP Paribas Emissions-     5.00 12/21/2017    EUR     63.27
BNP Paribas Emissions-    28.00 12/21/2017    EUR     55.57
BNP Paribas Emissions-    21.00 12/22/2016    EUR     70.90
BNP Paribas Emissions-    24.00  3/23/2017    EUR     69.91
Goldman Sachs & Co Wert    6.00  1/25/2017    EUR     68.51
Goldman Sachs & Co Wert   16.00  6/21/2017    EUR     57.20
Goldman Sachs & Co Wert    7.00  9/20/2017    EUR     65.85
Goldman Sachs & Co Wert    6.00 12/20/2017    EUR     68.77
Goldman Sachs & Co Wert    7.00 12/20/2017    EUR     67.25
Societe Generale Effekt   14.09 12/23/2016    EUR     72.42
Societe Generale Effekt    2.76 12/23/2016    EUR     73.80
Societe Generale Effekt    3.78 12/23/2016    EUR     69.84
Societe Generale Effekt    4.88 12/23/2016    EUR     66.43
Societe Generale Effekt    6.26 12/23/2016    EUR     63.28
Societe Generale Effekt    8.66 12/23/2016    EUR     59.28
Societe Generale Effekt   10.40 12/23/2016    EUR     57.01
Societe Generale Effekt   12.34 12/23/2016    EUR     55.04
Societe Generale Effekt   14.36 12/23/2016    EUR     53.31
Societe Generale Effekt   13.54 12/23/2016    EUR     73.44
Societe Generale Effekt   16.20 12/23/2016    EUR     70.59
Vontobel Financial Prod    5.50 12/23/2016    EUR     64.11
Vontobel Financial Prod    8.00 12/23/2016    EUR     53.33
Vontobel Financial Prod    3.00  3/24/2017    EUR     74.80
Vontobel Financial Prod    4.55  3/24/2017    EUR     68.21
Vontobel Financial Prod    3.50  3/24/2017    EUR     72.98
Vontobel Financial Prod    4.00  3/24/2017    EUR     71.37
Vontobel Financial Prod    4.05  3/24/2017    EUR     69.74
Vontobel Financial Prod    4.55  3/24/2017    EUR     67.15
Vontobel Financial Prod    4.60  3/24/2017    EUR     65.93
Commerzbank AG             6.50  1/20/2017    EUR     69.65
Vontobel Financial Prod    8.00  1/27/2017    EUR     69.11
Vontobel Financial Prod    6.50  1/27/2017    EUR     72.58
DZ Bank AG Deutsche Zen    4.00  6/23/2017    EUR     68.03
Vontobel Financial Prod   10.00  1/27/2017    EUR     66.17
Vontobel Financial Prod   12.00  1/27/2017    EUR     63.59
Vontobel Financial Prod   14.00  1/27/2017    EUR     61.34
DZ Bank AG Deutsche Zen    8.00 12/19/2016    EUR     68.96
DZ Bank AG Deutsche Zen    9.10 12/19/2016    EUR     67.07
DZ Bank AG Deutsche Zen    7.40  3/20/2017    EUR     70.23
WGZ-Bank AG Westdeutsch    6.50  6/26/2017    EUR     74.71
HSBC Trinkaus & Burkhar   13.50 12/23/2016    EUR     57.35
HSBC Trinkaus & Burkhar    9.20 12/23/2016    EUR     62.00
HSBC Trinkaus & Burkhar   11.70  3/24/2017    EUR     59.81
HSBC Trinkaus & Burkhar    8.30  3/24/2017    EUR     63.75
HSBC Trinkaus & Burkhar    8.90  6/23/2017    EUR     63.06
HSBC Trinkaus & Burkhar    6.30  6/23/2017    EUR     67.05
HSBC Trinkaus & Burkhar    7.80 10/28/2016    EUR     63.82
HSBC Trinkaus & Burkhar   10.70  1/27/2017    EUR     60.39
HSBC Trinkaus & Burkhar    7.20  1/27/2017    EUR     65.46
DZ Bank AG Deutsche Zen    8.00  3/24/2017    EUR     68.86
DZ Bank AG Deutsche Zen    6.00 12/23/2016    EUR     65.20
DZ Bank AG Deutsche Zen    8.00 12/23/2016    EUR     67.10
DZ Bank AG Deutsche Zen    8.00  3/24/2017    EUR     68.84
DZ Bank AG Deutsche Zen    5.00  6/23/2017    EUR     66.75
DZ Bank AG Deutsche Zen    8.25 12/23/2016    EUR     72.09
DZ Bank AG Deutsche Zen   12.75 12/23/2016    EUR     65.33
DZ Bank AG Deutsche Zen    7.25  2/24/2017    EUR     72.65
DZ Bank AG Deutsche Zen   11.25  2/24/2017    EUR     66.79
DZ Bank AG Deutsche Zen    7.00  3/24/2017    EUR     72.85
DZ Bank AG Deutsche Zen   11.50  3/24/2017    EUR     67.71
DZ Bank AG Deutsche Zen    8.90 12/19/2016    EUR     73.81
DZ Bank AG Deutsche Zen    8.40  3/20/2017    EUR     74.97
DZ Bank AG Deutsche Zen   10.50 12/19/2016    EUR     65.86
DZ Bank AG Deutsche Zen    8.75  3/20/2017    EUR     67.31
UBS AG/London             11.00  1/27/2017    CHF     51.46
Deutsche Bank AG           7.20 12/20/2016    EUR     58.60
Deutsche Bank AG           6.20 12/20/2016    EUR     71.10
Deutsche Bank AG           5.20 12/20/2016    EUR     70.90
DZ Bank AG Deutsche Zen    4.00 12/23/2016    EUR     67.18
Vontobel Financial Prod    9.40 10/28/2016    EUR     66.76
BNP Paribas Emissions-     8.00  3/23/2017    EUR     74.43
BNP Paribas Emissions-    28.00  3/23/2017    EUR     57.99
BNP Paribas Emissions-    27.00 12/21/2017    EUR     64.24
BNP Paribas Emissions-    21.00 12/22/2016    EUR     74.98
BNP Paribas Emissions-    19.00  6/22/2017    EUR     69.25
BNP Paribas Emissions-    19.00  3/23/2017    EUR     69.20
BNP Paribas Emissions-     8.00  3/23/2017    EUR     63.49
BNP Paribas Emissions-    22.00  3/23/2017    EUR     51.26
BNP Paribas Emissions-    29.00  3/23/2017    EUR     49.58
BNP Paribas Emissions-    10.00 12/21/2017    EUR     61.24
BNP Paribas Emissions-    29.00 12/21/2017    EUR     67.90
BNP Paribas Emissions-    29.00  3/23/2017    EUR     73.61
BNP Paribas Emissions-    27.00 12/21/2017    EUR     68.30
Vontobel Financial Prod   18.00  3/24/2017    EUR     73.98
UBS AG/London              7.00  7/17/2017    CHF     45.18
Notenstein La Roche Pri    4.00  7/24/2019    CHF     69.96
Landesbank Baden-Wuertt    3.00  8/24/2018    EUR     73.97
Landesbank Baden-Wuertt    3.40  8/24/2018    EUR     71.00
Bank Julius Baer & Co L    9.60 10/28/2016    EUR     73.90
Credit Suisse AG/Nassau    7.00 11/11/2016    EUR     73.42
Credit Suisse AG/London    7.25   5/9/2017    CHF     72.41
DZ Bank AG Deutsche Zen   14.00 11/25/2016    EUR     73.24
DZ Bank AG Deutsche Zen    5.00 11/25/2016    EUR     70.36
DZ Bank AG Deutsche Zen    5.00 11/25/2016    EUR     74.83
DZ Bank AG Deutsche Zen    5.75 11/25/2016    EUR     73.75
DZ Bank AG Deutsche Zen    9.00 12/23/2016    EUR     70.16
DZ Bank AG Deutsche Zen    9.50 12/23/2016    EUR     66.15
Commerzbank AG             8.50 10/27/2016    EUR     74.89
Vontobel Financial Prod    6.90  12/9/2016    EUR     64.29
Vontobel Financial Prod   15.10 12/23/2016    EUR     72.32
Vontobel Financial Prod    8.25  3/10/2017    EUR     66.68
Vontobel Financial Prod    8.65  3/10/2017    EUR     44.44
Vontobel Financial Prod    9.00 12/23/2016    EUR     73.95
DZ Bank AG Deutsche Zen    7.00 12/19/2016    EUR     74.60
DZ Bank AG Deutsche Zen    5.00 12/19/2016    EUR     74.15
BNP Paribas Emissions-     3.50 12/22/2016    EUR     54.95
Vontobel Financial Prod   17.00 12/23/2016    EUR     69.03
UBS AG/London              6.10 11/25/2016    EUR     62.73
DZ Bank AG Deutsche Zen    7.10 11/23/2016    EUR     45.24
UBS AG/London              7.50  2/10/2017    EUR     65.89
UBS AG/London             10.90  2/10/2017    EUR     67.81
UBS AG/London              4.70  2/10/2017    EUR     47.20
UBS AG/London              8.40  12/9/2016    EUR     64.83
UBS AG/London             12.00  12/9/2016    EUR     73.82
Goldman Sachs & Co Wert   21.00 10/26/2016    EUR     73.39
Goldman Sachs & Co Wert   20.00 11/23/2016    EUR     74.82
Goldman Sachs & Co Wert   20.00 10/26/2016    EUR     70.53
Goldman Sachs & Co Wert   19.00 11/23/2016    EUR     71.93
Goldman Sachs & Co Wert   21.00 11/23/2016    EUR     69.37
Goldman Sachs & Co Wert   14.00 11/23/2016    EUR     40.03
Goldman Sachs & Co Wert   17.00 11/23/2016    EUR     38.13
Goldman Sachs & Co Wert   20.00 11/23/2016    EUR     70.41
Goldman Sachs & Co Wert   25.00 11/23/2016    EUR     73.52
Goldman Sachs & Co Wert   23.00 12/21/2016    EUR     74.88
Goldman Sachs & Co Wert   14.00 10/26/2016    EUR     70.75
Goldman Sachs & Co Wert   13.00 11/23/2016    EUR     71.78
Goldman Sachs & Co Wert   20.00 11/23/2016    EUR     64.65
Goldman Sachs & Co Wert   19.00 12/21/2016    EUR     65.93
Goldman Sachs & Co Wert   13.00  9/20/2017    EUR     73.45
Bank Julius Baer & Co L    9.80  11/7/2016    EUR     36.70
UBS AG/London             12.00  11/4/2016    CHF     28.48
Leonteq Securities AG     10.00 11/16/2016    CHF     69.86
UBS AG                     5.50 12/23/2016    EUR     71.11
UBS AG                    13.75 12/23/2016    EUR     67.12
UBS AG                     6.00 12/23/2016    EUR     73.55
UBS AG                     8.00 12/23/2016    EUR     68.79
UBS AG                     7.50 12/23/2016    EUR     40.77
UBS AG                     6.00 12/23/2016    EUR     73.04
UBS AG                     8.00 12/23/2016    EUR     69.57
UBS AG                     7.50 12/23/2016    EUR     67.53
UBS AG                     5.50 12/23/2016    EUR     44.13
UBS AG                    11.00 12/23/2016    EUR     72.17
Notenstein La Roche Pri    7.80  11/9/2016    CHF     55.37
Commerzbank AG             4.25 10/27/2016    EUR     49.81
Commerzbank AG             4.75 10/27/2016    EUR     48.73
Commerzbank AG             5.25 10/27/2016    EUR     47.70
Commerzbank AG             6.00 10/27/2016    EUR     46.72
Commerzbank AG             6.50 10/27/2016    EUR     45.79
Commerzbank AG             7.25 10/27/2016    EUR     44.91
Commerzbank AG             8.00 10/27/2016    EUR     44.07
Commerzbank AG             8.75 10/27/2016    EUR     43.25
Commerzbank AG             6.00 10/27/2016    EUR     74.04
Commerzbank AG             6.75 10/27/2016    EUR     72.42
Commerzbank AG             7.25 10/27/2016    EUR     70.85
Commerzbank AG             8.00 10/27/2016    EUR     69.38
Commerzbank AG             8.75 10/27/2016    EUR     67.97
Commerzbank AG             9.50 10/27/2016    EUR     66.62
Commerzbank AG            10.25 10/27/2016    EUR     65.40
Commerzbank AG            11.00 10/27/2016    EUR     64.16
Commerzbank AG            10.75 10/27/2016    EUR     72.44
Commerzbank AG            12.75 10/27/2016    EUR     69.04
Commerzbank AG            11.50 10/27/2016    EUR     67.84
DZ Bank AG Deutsche Zen    8.75 10/28/2016    EUR     63.66
DZ Bank AG Deutsche Zen    5.50 10/28/2016    EUR     44.60
DZ Bank AG Deutsche Zen    6.50 12/23/2016    EUR     43.41
Credit Suisse AG/London    8.00 10/31/2016    CHF     72.40
PKVIT OOO                 11.00 10/14/2020    RUB     62.27
Credit Suisse AG/London    8.50  11/3/2016    CHF     74.05
DZ Bank AG Deutsche Zen    7.50 12/19/2016    EUR     42.55
Commerzbank AG             7.50 10/27/2016    EUR     45.94
Vontobel Financial Prod   11.00 12/23/2016    EUR     74.63
Commerzbank AG            11.25 10/27/2016    EUR     67.93
Commerzbank AG             6.50 10/27/2016    EUR     73.68
Commerzbank AG             9.50 10/27/2016    EUR     68.48
Societe Generale Effekt    8.78  6/23/2017    EUR     74.91
Societe Generale Effekt    2.72 11/25/2016    EUR     54.73
Societe Generale Effekt    4.00 11/25/2016    EUR     51.29
Societe Generale Effekt    5.58 11/25/2016    EUR     48.36
Societe Generale Effekt    5.05  6/23/2017    EUR     56.30
Societe Generale Effekt    6.63  6/23/2017    EUR     53.44
Societe Generale Effekt    8.47  6/23/2017    EUR     50.91
Societe Generale Effekt    5.29 11/25/2016    EUR     43.77
Societe Generale Effekt    5.97 11/25/2016    EUR     42.62
Societe Generale Effekt    7.75 11/25/2016    EUR     40.26
Societe Generale Effekt    8.81  6/23/2017    EUR     46.06
Societe Generale Effekt    9.62  6/23/2017    EUR     45.20
Societe Generale Effekt   11.68  6/23/2017    EUR     43.52
Commerzbank AG             7.50 10/27/2016    EUR     68.66
Commerzbank AG             9.50 10/27/2016    EUR     65.23
Commerzbank AG            11.75 10/27/2016    EUR     62.18
Commerzbank AG            11.50 10/27/2016    EUR     73.57
Commerzbank AG            13.50 10/27/2016    EUR     70.44
Commerzbank AG             8.00 10/27/2016    EUR     72.27
Commerzbank AG            10.25 10/27/2016    EUR     68.87
Commerzbank AG             7.00 10/27/2016    EUR     46.57
Commerzbank AG             8.50 10/27/2016    EUR     43.90
Commerzbank AG            10.00 10/27/2016    EUR     41.63
Commerzbank AG            11.75 10/27/2016    EUR     39.63
Commerzbank AG            13.50 10/27/2016    EUR     37.85
Vontobel Financial Prod   13.00 12/23/2016    EUR     74.51
Credit Suisse AG/Nassau    8.00  11/7/2016    CHF     55.08
Commerzbank AG             9.00 10/27/2016    EUR     71.36
Landesbank Baden-Wuertt    5.00  4/28/2017    EUR     72.97
Landesbank Baden-Wuertt    3.00  4/28/2017    EUR     53.06
Landesbank Baden-Wuertt    4.00  4/28/2017    EUR     50.62
Landesbank Baden-Wuertt    5.00  4/28/2017    EUR     48.88
Landesbank Baden-Wuertt    3.00  4/28/2017    EUR     63.84
Landesbank Baden-Wuertt    4.00  4/28/2017    EUR     61.94
Leonteq Securities AG     16.40   2/6/2017    CHF     53.37
Leonteq Securities AG     10.00   2/6/2017    CHF     59.01
Commerzbank AG             7.00 10/27/2016    EUR     43.63
Vontobel Financial Prod   19.50 12/23/2016    EUR     66.53
Vontobel Financial Prod   15.50 12/23/2016    EUR     71.18
Vontobel Financial Prod   10.50 12/23/2016    EUR     73.02
Vontobel Financial Prod    8.00 12/23/2016    EUR     54.73
Vontobel Financial Prod    6.00 12/23/2016    EUR     57.19
Vontobel Financial Prod    4.50 12/23/2016    EUR     60.11
Vontobel Financial Prod   10.50 12/23/2016    EUR     52.68
Credit Suisse AG/London    8.00  3/29/2019    USD     10.08
Credit Suisse AG/London    8.00  3/29/2019    USD     10.10
DZ Bank AG Deutsche Zen   15.00 12/23/2016    EUR     72.60
DZ Bank AG Deutsche Zen   13.00  3/24/2017    EUR     74.78
DZ Bank AG Deutsche Zen   15.50  4/28/2017    EUR     73.14
Vontobel Financial Prod   16.30   9/8/2017    EUR     71.95
Goldman Sachs & Co Wert   20.00 10/26/2016    EUR     71.90
Goldman Sachs & Co Wert   22.00 11/23/2016    EUR     56.03
Goldman Sachs & Co Wert   21.00 12/21/2016    EUR     57.50
Goldman Sachs & Co Wert   16.00  6/21/2017    EUR     63.38
Goldman Sachs & Co Wert   18.00 10/26/2016    EUR     71.07
Goldman Sachs & Co Wert   21.00 10/26/2016    EUR     66.95
Goldman Sachs & Co Wert   16.00  3/22/2017    EUR     73.00
UniCredit Bank AG          4.80 12/22/2016    EUR     68.12
UniCredit Bank AG          4.40 12/22/2016    EUR     69.46
UniCredit Bank AG          4.00 12/22/2016    EUR     52.69
UniCredit Bank AG          5.60 12/22/2016    EUR     65.61
UniCredit Bank AG          4.00 12/22/2016    EUR     55.68
UniCredit Bank AG          5.20 12/22/2016    EUR     66.84
UniCredit Bank AG          4.25 12/22/2016    EUR     51.71
UniCredit Bank AG          4.50 12/22/2016    EUR     51.26
UniCredit Bank AG          4.00 12/22/2016    EUR     52.16
UniCredit Bank AG          4.00 12/22/2016    EUR     72.41
UniCredit Bank AG          4.75 12/22/2016    EUR     50.82
UniCredit Bank AG          5.00 12/22/2016    EUR     50.39
Leonteq Securities AG      9.00  1/30/2017    CHF     69.37
Notenstein La Roche Pri    6.00 10/30/2017    CHF     74.10
HSBC Trinkaus & Burkhar   13.50 12/23/2016    EUR     72.98
Societe Generale Effekt    5.61 11/25/2016    EUR     47.87
Deutsche Bank AG           6.20  3/21/2017    EUR     73.20
Deutsche Bank AG           8.20  3/21/2017    EUR     74.20
Deutsche Bank AG           8.20 12/20/2016    EUR     72.80
Commerzbank AG            11.75  3/23/2017    EUR     74.00
Commerzbank AG            14.00  3/23/2017    EUR     70.39
Commerzbank AG            16.75  3/23/2017    EUR     67.40
Landesbank Baden-Wuertt    9.00 10/28/2016    EUR     74.40
Lehman Brothers Treasur    2.00 11/16/2009    EUR      0.75
Lehman Brothers Treasur    3.70   6/6/2009    EUR      0.75
Lehman Brothers Treasur    8.50   7/6/2009    CHF      0.75
Lehman Brothers Treasur    6.50  7/24/2026    EUR      0.75
Lehman Brothers Treasur    4.50   8/2/2009    USD      0.75
SG Issuer SA               6.65 10/10/2021    EUR     64.26
Lehman Brothers Treasur    4.60  11/9/2011    EUR     11.88
Lehman Brothers Treasur    4.60 10/11/2017    ILS     11.88
BNP Paribas Emissions-     6.00 12/22/2016    EUR     51.73
BNP Paribas Emissions-     8.50 12/22/2016    EUR     67.85
BNP Paribas Emissions-    10.00 12/22/2016    EUR     65.57
BNP Paribas Emissions-    15.00 12/22/2016    EUR     58.02
BNP Paribas Emissions-     7.50 12/22/2016    EUR     72.90
DZ Bank AG Deutsche Zen    7.50 12/19/2016    EUR     74.72
UBS AG/London             10.40  8/11/2017    EUR     67.46
DekaBank Deutsche Giroz    3.15   2/3/2017    EUR     56.87
Bayerische Landesbank      2.60 10/19/2018    EUR     59.33
Notenstein La Roche Pri    4.00  9/27/2019    CHF     67.97
Notenstein La Roche Pri    4.50  3/27/2018    EUR     51.10
Notenstein La Roche Pri    6.50  9/27/2016    CHF     72.02
Notenstein La Roche Pri    5.00  3/27/2019    CHF     65.72
Credit Suisse AG/Nassau    7.00  10/3/2016    CHF     65.51
Zurcher Kantonalbank Fi    5.00  9/26/2016    CHF     61.22
Landesbank Hessen-Thuer    6.20  7/24/2020    EUR     62.27
DekaBank Deutsche Giroz    2.75  9/18/2018    EUR     71.72
DekaBank Deutsche Giroz    2.70  3/16/2018    EUR     51.28
Vontobel Financial Prod    7.25 12/23/2016    EUR     67.33
Vontobel Financial Prod    7.65 12/23/2016    EUR     72.32
Vontobel Financial Prod    5.85 12/23/2016    EUR     66.63
Vontobel Financial Prod    7.25 12/23/2016    EUR     54.29
Vontobel Financial Prod    4.00 12/23/2016    EUR     64.01
Vontobel Financial Prod    7.35 12/23/2016    EUR     54.78
Vontobel Financial Prod    3.85 12/23/2016    EUR     62.78
Vontobel Financial Prod    6.65 12/23/2016    EUR     39.39
Vontobel Financial Prod    3.15 12/23/2016    EUR     46.12
Vontobel Financial Prod    7.45 12/23/2016    EUR     49.35
Vontobel Financial Prod    3.05 12/23/2016    EUR     60.21
Vontobel Financial Prod    7.50 12/23/2016    EUR     64.07
Notenstein La Roche Pri    3.40  3/21/2025    CHF     73.08
Credit Suisse AG/Nassau    7.00 10/10/2016    CHF     65.63
Notenstein La Roche Pri    7.20  10/7/2016    CHF     69.29
Notenstein La Roche Pri    4.70   4/6/2018    CHF     72.22
Bayerische Landesbank      3.10  11/4/2016    EUR     46.69
Bayerische Landesbank      3.10  11/4/2016    EUR     63.48
Vontobel Financial Prod    3.50   4/6/2017    EUR     65.17
Societe Generale SA       25.50  3/30/2017    USD     42.71
Bank Julius Baer & Co L    7.80 10/14/2016    CHF     49.40
Landesbank Hessen-Thuer    4.00  4/30/2019    EUR     50.28
Bank Julius Baer & Co L    9.40 10/14/2016    EUR     47.90
Bank Julius Baer & Co L   14.00 10/14/2016    USD     74.50
BNP Paribas Emissions-     7.50 12/22/2016    EUR     68.02
BNP Paribas Emissions-     8.00 12/22/2016    EUR     70.60
BNP Paribas Emissions-     9.50 12/22/2016    EUR     66.29
BNP Paribas Emissions-     6.00 12/22/2016    EUR     58.80
BNP Paribas Emissions-     8.50 12/22/2016    EUR     52.51
BNP Paribas Emissions-     9.50 12/22/2016    EUR     71.28
BNP Paribas Emissions-     6.50 12/22/2016    EUR     40.76
BNP Paribas Emissions-     8.50 12/22/2016    EUR     37.55
BNP Paribas Emissions-     5.00 12/22/2016    EUR     63.25
BNP Paribas Emissions-     5.00 12/22/2016    EUR     69.83
BNP Paribas Emissions-     8.50 12/22/2016    EUR     74.48
BNP Paribas Emissions-     7.00 12/22/2016    EUR     69.66
BNP Paribas Emissions-     8.50 12/22/2016    EUR     67.08
BNP Paribas Emissions-     9.00 12/22/2016    EUR     49.80
DekaBank Deutsche Giroz    3.25  5/18/2018    EUR     71.04
Credit Suisse AG/Nassau    6.25 10/10/2016    EUR     64.62
Deutsche Bank AG           4.20 12/20/2016    EUR     71.20
Deutsche Bank AG           5.20 12/20/2016    EUR     68.90
Deutsche Bank AG           4.20 12/20/2016    EUR     68.60
Deutsche Bank AG           6.20 12/20/2016    EUR     69.10
Deutsche Bank AG           4.20 12/20/2016    EUR     66.20
Deutsche Bank AG           6.20 12/20/2016    EUR     66.70
Deutsche Bank AG           5.20 12/20/2016    EUR     66.40
Deutsche Bank AG           4.20 12/20/2016    EUR     72.80
Deutsche Bank AG           4.20 12/20/2016    EUR     69.50
Deutsche Bank AG           4.20 12/20/2016    EUR     53.40
Deutsche Bank AG           5.20 12/20/2016    EUR     53.60
Deutsche Bank AG           6.20 12/20/2016    EUR     53.90
Deutsche Bank AG           4.20 12/20/2016    EUR     65.90
Deutsche Bank AG           4.20 12/20/2016    EUR     63.50
Deutsche Bank AG           4.20 12/20/2016    EUR     61.30
Deutsche Bank AG           4.20 12/20/2016    EUR     51.30
Deutsche Bank AG           5.20 12/20/2016    EUR     51.50
Deutsche Bank AG           6.20 12/20/2016    EUR     51.80
Deutsche Bank AG           4.20 12/20/2016    EUR     40.20
Deutsche Bank AG           5.20 12/20/2016    EUR     39.20
Deutsche Bank AG           4.20 12/20/2016    EUR     38.90
Deutsche Bank AG           6.20 12/20/2016    EUR     39.40
Deutsche Bank AG           6.20 12/20/2016    EUR     65.20
Deutsche Bank AG           4.20 12/20/2016    EUR     64.70
Deutsche Bank AG           5.20 12/20/2016    EUR     65.00
Deutsche Bank AG           6.20 12/20/2016    EUR     63.00
Deutsche Bank AG           5.20 12/20/2016    EUR     62.80
Deutsche Bank AG           4.20 12/20/2016    EUR     62.50
Deutsche Bank AG           6.20 12/20/2016    EUR     61.00
Deutsche Bank AG           4.20 12/20/2016    EUR     60.50
Deutsche Bank AG           5.20 12/20/2016    EUR     60.70
Deutsche Bank AG           6.20 12/20/2016    EUR     69.50
Deutsche Bank AG           4.20 12/20/2016    EUR     69.10
Deutsche Bank AG           5.20 12/20/2016    EUR     69.30
Deutsche Bank AG           4.20 12/20/2016    EUR     66.10
Deutsche Bank AG           5.20 12/20/2016    EUR     66.30
Deutsche Bank AG           6.20 12/20/2016    EUR     66.60
Deutsche Bank AG           4.20 12/20/2016    EUR     54.80
Deutsche Bank AG           4.20 12/20/2016    EUR     52.50
Deutsche Bank AG           5.20 12/20/2016    EUR     52.70
Deutsche Bank AG           6.20 12/20/2016    EUR     53.00
Deutsche Bank AG           5.20 12/20/2016    EUR     50.60
Deutsche Bank AG           6.20 12/20/2016    EUR     50.80
Deutsche Bank AG           4.20 12/20/2016    EUR     50.30
Societe Generale Effekt    8.06 10/10/2016    EUR     73.29
Societe Generale Effekt    6.89 10/10/2016    EUR     69.60
Societe Generale Effekt    8.76 10/10/2016    EUR     65.51
Societe Generale Effekt    8.00 10/10/2016    EUR     59.90
Societe Generale Effekt    9.88 10/10/2016    EUR     56.25
Societe Generale Effekt   10.33 10/10/2016    EUR     40.82
Societe Generale Effekt   11.97 10/10/2016    EUR     38.69
Societe Generale Effekt    7.51 10/10/2016    EUR     42.74
Societe Generale Effekt    9.26 10/10/2016    EUR     40.39
Societe Generale Effekt    5.64 10/10/2016    EUR     72.98
Societe Generale Effekt    7.28 10/10/2016    EUR     69.00
Societe Generale Effekt    7.17 10/10/2016    EUR     63.56
Societe Generale Effekt    9.00 10/10/2016    EUR     60.05
Societe Generale Effekt   12.26 10/10/2016    EUR     71.92
Societe Generale Effekt    6.07 10/10/2016    EUR     69.96
Societe Generale Effekt    8.16 10/10/2016    EUR     65.43
Societe Generale Effekt    8.36 10/10/2016    EUR     74.21
Societe Generale Effekt   10.26 10/10/2016    EUR     70.12
Societe Generale Effekt    6.94 10/10/2016    EUR     59.31
Societe Generale Effekt    8.67 10/10/2016    EUR     56.04
Notenstein La Roche Pri    5.20 10/13/2016    CHF     70.22
Notenstein La Roche Pri    4.80 10/24/2018    CHF     68.65
Notenstein La Roche Pri    4.20  4/10/2018    EUR     55.17
UBS AG/London              7.00  12/9/2016    EUR     39.21
UBS AG/London              3.90  12/9/2016    EUR     45.65
UBS AG/London              7.50  12/9/2016    EUR     54.13
UBS AG/London              4.40  12/9/2016    EUR     63.33
UBS AG/London              3.10  12/9/2016    EUR     48.51
UBS AG/London              5.00  12/9/2016    EUR     71.52
UBS AG/London              7.20  12/9/2016    EUR     62.01
UBS AG/London              7.00  12/9/2016    EUR     74.55
UBS AG/London              3.90  12/9/2016    EUR     72.52
UBS AG/London              8.20  12/9/2016    EUR     71.14
Notenstein Finance Guer    9.00   4/1/2019    EUR     46.16
Notenstein Finance Guer    2.95   4/7/2017    CHF     70.95
WGZ-Bank AG Westdeutsch    4.50  9/27/2016    EUR     53.09
Bank Julius Baer & Co L    7.00  10/7/2016    CHF     34.40
Vontobel Financial Prod   13.35 12/23/2016    EUR     71.27
Vontobel Financial Prod   12.95 12/23/2016    EUR     66.87
Vontobel Financial Prod   12.70 12/23/2016    EUR     55.22
Vontobel Financial Prod   14.90 12/23/2016    EUR     72.76
Vontobel Financial Prod   13.40 12/23/2016    EUR     60.88
Vontobel Financial Prod   13.90 12/23/2016    EUR     31.65
Vontobel Financial Prod   13.95 12/23/2016    EUR     69.25
Vontobel Financial Prod   12.85 12/23/2016    EUR     42.71
DekaBank Deutsche Giroz    3.00  3/29/2018    EUR     71.95
DekaBank Deutsche Giroz    2.80   4/1/2019    EUR     71.69
DekaBank Deutsche Giroz    2.50  3/31/2017    EUR     64.28
Bayerische Landesbank      2.70   7/6/2018    EUR     47.96
Bayerische Landesbank      2.70   7/6/2018    EUR     61.32
Notenstein La Roche Pri    8.30 10/17/2016    USD     47.09
Notenstein La Roche Pri    7.30 10/17/2016    EUR     50.45
Notenstein La Roche Pri    6.40 10/17/2016    CHF     65.10
Notenstein La Roche Pri    3.50 10/17/2016    CHF     73.11
Notenstein La Roche Pri    7.24 10/13/2016    EUR     52.13
Zurcher Kantonalbank Fi    6.50  4/10/2018    CHF     59.55
Landesbank Hessen-Thuer    9.50  5/15/2020    EUR     69.45
Vontobel Financial Prod    3.10 12/23/2016    EUR     63.79
Vontobel Financial Prod    2.65 12/23/2016    EUR     46.00
Vontobel Financial Prod    3.10 12/23/2016    EUR     68.20
Vontobel Financial Prod    3.25 12/23/2016    EUR     60.25
Societe Generale Effekt    7.06 10/10/2016    EUR     73.76
Societe Generale Effekt    7.88 10/10/2016    EUR     71.55
Societe Generale Effekt    8.76 10/10/2016    EUR     69.47
Societe Generale Effekt    9.70 10/10/2016    EUR     67.52
Societe Generale Effekt   10.69 10/10/2016    EUR     65.67
Bank Julius Baer & Co L    9.42 10/24/2016    EUR     72.15
Zurcher Kantonalbank Fi   10.00 10/31/2016    CHF     53.75
Zurcher Kantonalbank Fi   11.60 10/31/2016    CHF     74.74
Landesbank Hessen-Thuer    8.40   5/8/2020    EUR     72.36
Credit Suisse AG/Nassau    6.25 10/31/2016    EUR     52.10
Bank Julius Baer & Co L    8.50  11/4/2016    CHF     53.80
Bank Julius Baer & Co L   10.00  11/4/2016    CHF     65.30
Leonteq Securities AG      5.00   5/7/2019    CHF     70.25
Notenstein La Roche Pri    5.20  11/4/2016    EUR     53.46
Leonteq Securities AG     17.60 10/24/2016    CHF     55.66
Leonteq Securities AG/G    3.22  11/8/2016    USD     74.06
Landesbank Baden-Wuertt    3.25  8/25/2017    EUR     47.23
Bayerische Landesbank      2.70  7/27/2018    EUR     65.31
Landesbank Baden-Wuertt    3.00  6/28/2019    EUR     65.79
Commerzbank AG             7.24  4/27/2017    EUR     40.03
Commerzbank AG             6.24  4/27/2017    EUR     70.22
Commerzbank AG             4.40  4/29/2019    EUR     66.43
Leonteq Securities AG      8.00  4/24/2017    USD     65.86
DekaBank Deutsche Giroz    3.25  4/20/2018    EUR     41.97
DekaBank Deutsche Giroz    2.60  4/21/2017    EUR     53.26
Landesbank Hessen-Thuer    4.00   6/5/2019    EUR     65.22
Landesbank Baden-Wuertt    3.15 11/25/2016    EUR     50.46
Deutsche Bank AG           6.80  3/28/2017    EUR     68.10
Notenstein La Roche Pri    4.00   5/8/2018    CHF     55.79
Notenstein La Roche Pri    8.20  11/8/2016    EUR     57.51
Raiffeisen Centrobank A    6.51  6/21/2017    EUR     74.85
Landesbank Baden-Wuertt    5.00 10/28/2016    EUR     73.95
Landesbank Baden-Wuertt    6.00 10/28/2016    EUR     71.07
Landesbank Baden-Wuertt    3.00 10/28/2016    EUR     59.29
Landesbank Baden-Wuertt    6.00 10/28/2016    EUR     72.63
Landesbank Baden-Wuertt    3.00 10/28/2016    EUR     71.62
Landesbank Baden-Wuertt    4.50 10/28/2016    EUR     66.73
Landesbank Baden-Wuertt    2.50 10/28/2016    EUR     64.24
Landesbank Baden-Wuertt    3.50 10/28/2016    EUR     60.77
Landesbank Baden-Wuertt    4.50 10/28/2016    EUR     58.86
Landesbank Baden-Wuertt    3.00 10/28/2016    EUR     65.22
Landesbank Baden-Wuertt    4.50 10/28/2016    EUR     59.66
Landesbank Baden-Wuertt    3.00 10/28/2016    EUR     46.29
Landesbank Baden-Wuertt    4.00 10/28/2016    EUR     43.57
Landesbank Baden-Wuertt    5.00 10/28/2016    EUR     41.61
Landesbank Baden-Wuertt    3.00 10/28/2016    EUR     58.20
Landesbank Baden-Wuertt    4.00 10/28/2016    EUR     55.68
Landesbank Baden-Wuertt    4.00 10/28/2016    EUR     74.09
Landesbank Baden-Wuertt    5.00 10/28/2016    EUR     71.23
Landesbank Baden-Wuertt    2.50 10/28/2016    EUR     63.42
Landesbank Baden-Wuertt    3.50 10/28/2016    EUR     59.88
Landesbank Baden-Wuertt    4.50 10/28/2016    EUR     57.09
Landesbank Baden-Wuertt    3.00 10/28/2016    EUR     71.70
Landesbank Baden-Wuertt    4.50 10/28/2016    EUR     66.55
HSBC Trinkaus & Burkhar    7.40 12/23/2016    EUR     69.55
HSBC Trinkaus & Burkhar    7.90 12/23/2016    EUR     71.91
HSBC Trinkaus & Burkhar    7.90 12/23/2016    EUR     52.38
HSBC Trinkaus & Burkhar    8.10 12/23/2016    EUR     38.63
HSBC Trinkaus & Burkhar    7.90 12/23/2016    EUR     54.97
HSBC Trinkaus & Burkhar    6.90 12/23/2016    EUR     66.73
HSBC Trinkaus & Burkhar    8.50 12/23/2016    EUR     59.96
HSBC Trinkaus & Burkhar    6.10 12/23/2016    EUR     65.56
HSBC Trinkaus & Burkhar    7.30 12/23/2016    EUR     55.76
HSBC Trinkaus & Burkhar    9.10 12/23/2016    EUR     66.39
HSBC Trinkaus & Burkhar    6.60 12/23/2016    EUR     73.46
DekaBank Deutsche Giroz    2.75 10/29/2018    EUR     41.46
DekaBank Deutsche Giroz    2.00  4/27/2018    EUR     69.11
Notenstein Finance Guer    7.19   5/6/2019    EUR     62.73
DekaBank Deutsche Giroz    2.90 10/28/2016    EUR     68.42
DekaBank Deutsche Giroz    5.80 10/21/2016    EUR     68.25
DekaBank Deutsche Giroz    3.00  4/30/2019    EUR     65.02
UBS AG                     5.20 11/11/2016    EUR     74.32
UBS AG                     7.40 11/11/2016    EUR     54.41
UBS AG                     6.40 11/11/2016    EUR     70.61
UBS AG                     3.40 11/11/2016    EUR     65.64
UBS AG                     2.50 11/11/2016    EUR     68.48
UBS AG                     4.40 11/11/2016    EUR     61.95
UBS AG                     9.30 11/11/2016    EUR     62.75
UBS AG                     5.60 11/11/2016    EUR     58.71
UBS AG                     3.10 11/11/2016    EUR     68.17
Notenstein La Roche Pri    3.00  5/22/2019    CHF     73.81
Notenstein La Roche Pri    5.00 11/15/2016    CHF     74.12
EFG International Finan    6.26   5/7/2018    EUR     58.48
Landesbank Hessen-Thuer    3.15 12/12/2016    EUR     51.20
UniCredit Bank AG          4.30  7/28/2017    EUR     66.48
Landesbank Hessen-Thuer    7.40  6/12/2020    EUR     68.85
Landesbank Baden-Wuertt    3.55  8/25/2017    EUR     70.99
Credit Suisse AG/Nassau    8.00 11/21/2016    EUR     54.54
Zurcher Kantonalbank Fi    9.00 11/21/2016    CHF     56.48
Landesbank Baden-Wuertt    4.00  6/22/2018    EUR     47.59
Landesbank Baden-Wuertt    3.60  6/22/2018    EUR     59.47
Credit Suisse AG/Nassau    7.00 11/21/2016    CHF     55.70
Zurcher Kantonalbank Fi    5.37 11/18/2016    CHF     69.34
UBS AG                     7.40  5/17/2021    CHF     66.57
UBS AG                     7.40  5/17/2021    CHF     61.62
Notenstein La Roche Pri    8.00 11/22/2016    EUR     73.85
Notenstein La Roche Pri    7.20 11/22/2016    CHF     72.31
Vontobel Financial Prod   15.00  3/24/2017    EUR     70.15
Bank Julius Baer & Co L    7.60   3/8/2017    CHF     67.95
UBS AG/London             10.00  3/16/2017    CHF     45.08
DekaBank Deutsche Giroz    4.20  10/7/2016    EUR     50.37
Credit Suisse AG/London    5.00 10/21/2016    CHF     71.29
Vontobel Financial Prod    7.50 10/28/2016    EUR     66.93
Goldman Sachs & Co Wert    5.25 11/11/2016    EUR     39.03
Leonteq Securities AG      5.80   5/4/2017    CHF     74.75
UBS AG/London              6.25  4/18/2017    CHF     71.75
Notenstein La Roche Pri    6.50 10/24/2016    CHF     66.94
Leonteq Securities AG      5.60  4/24/2017    CHF     66.10
Leonteq Securities AG      7.20  4/24/2017    EUR     55.39
Vontobel Financial Prod    6.00 11/15/2016    EUR     39.66
Landesbank Hessen-Thuer    5.00 11/15/2016    EUR     52.90
Deutsche Bank AG           6.20 12/20/2016    EUR     64.40
Deutsche Bank AG           4.20 12/20/2016    EUR     66.50
Deutsche Bank AG           4.20 12/20/2016    EUR     63.90
Deutsche Bank AG           6.20 12/20/2016    EUR     67.00
Deutsche Bank AG           4.20 12/20/2016    EUR     55.70
Deutsche Bank AG           4.20 12/20/2016    EUR     49.30
Deutsche Bank AG           6.20 12/20/2016    EUR     49.80
Deutsche Bank AG           6.20 12/20/2016    EUR     48.00
Deutsche Bank AG           4.20 12/20/2016    EUR     74.00
Deutsche Bank AG           4.20 12/20/2016    EUR     58.10
Deutsche Bank AG           4.20 12/20/2016    EUR     47.60
Deutsche Bank AG           4.20 12/20/2016    EUR     41.60
Deutsche Bank AG           4.20 12/20/2016    EUR     35.50
Deutsche Bank AG           4.20 12/20/2016    EUR     37.70
Deutsche Bank AG           4.20 12/20/2016    EUR     68.40
Deutsche Bank AG           6.20 12/20/2016    EUR     38.20
Deutsche Bank AG           6.20 12/20/2016    EUR     37.00
Deutsche Bank AG           4.20 12/20/2016    EUR     62.90
Deutsche Bank AG           4.20 12/20/2016    EUR     36.50
Deutsche Bank AG           6.20 12/20/2016    EUR     71.80
Deutsche Bank AG           6.20 12/20/2016    EUR     36.00
Deutsche Bank AG           4.20 12/20/2016    EUR     67.00
Deutsche Bank AG           6.20 12/20/2016    EUR     59.10
Deutsche Bank AG           6.20 12/20/2016    EUR     57.30
Deutsche Bank AG           6.20 12/20/2016    EUR     72.70
Deutsche Bank AG           6.20 12/20/2016    EUR     63.90
Deutsche Bank AG           4.20 12/20/2016    EUR     72.30
Deutsche Bank AG           4.20 12/20/2016    EUR     63.40
Deutsche Bank AG           4.20 12/20/2016    EUR     58.60
Deutsche Bank AG           4.20 12/20/2016    EUR     56.80
Deutsche Bank AG           6.20 12/20/2016    EUR     61.40
Deutsche Bank AG           4.20 12/20/2016    EUR     60.90
Deutsche Bank AG           6.20 12/20/2016    EUR     67.50
Deutsche Bank AG           4.20 12/20/2016    EUR     48.40
Deutsche Bank AG           6.20 12/20/2016    EUR     48.80
Deutsche Bank AG           4.20 12/20/2016    EUR     57.40
DekaBank Deutsche Giroz    3.25  5/30/2018    EUR     73.99
Landesbank Baden-Wuertt    2.50 12/23/2016    EUR     74.44
Landesbank Baden-Wuertt    3.50 12/23/2016    EUR     67.74
Landesbank Baden-Wuertt    4.50 12/23/2016    EUR     62.76
Landesbank Baden-Wuertt    2.00 12/23/2016    EUR     57.42
Landesbank Baden-Wuertt    3.00 12/23/2016    EUR     53.45
Landesbank Baden-Wuertt    4.00 12/23/2016    EUR     50.47
Landesbank Baden-Wuertt    4.00 12/23/2016    EUR     73.55
Landesbank Baden-Wuertt    5.00 12/23/2016    EUR     48.24
Landesbank Baden-Wuertt    5.00 12/23/2016    EUR     70.23
Landesbank Baden-Wuertt    2.00 12/23/2016    EUR     71.19
Landesbank Baden-Wuertt    2.00 12/23/2016    EUR     73.85
Landesbank Baden-Wuertt    3.00 12/23/2016    EUR     65.89
Landesbank Baden-Wuertt    3.00 12/23/2016    EUR     68.96
Landesbank Baden-Wuertt    4.00 12/23/2016    EUR     62.37
Landesbank Baden-Wuertt    4.00 12/23/2016    EUR     64.72
Landesbank Baden-Wuertt    2.00 12/23/2016    EUR     56.24
Landesbank Baden-Wuertt    3.00  8/24/2018    EUR     60.42
Landesbank Baden-Wuertt    3.40  6/22/2018    EUR     68.18
Landesbank Baden-Wuertt    2.70  7/27/2018    EUR     66.67
Landesbank Baden-Wuertt    4.20  6/23/2017    EUR     59.50
Landesbank Baden-Wuertt    3.20  7/27/2018    EUR     60.02
Landesbank Baden-Wuertt    4.40  6/23/2017    EUR     73.24
Landesbank Baden-Wuertt    4.20  6/23/2017    EUR     41.67
Landesbank Baden-Wuertt    2.50 10/28/2016    EUR     52.06
Landesbank Baden-Wuertt    2.50 10/28/2016    EUR     64.91
Landesbank Baden-Wuertt    4.50 10/28/2016    EUR     63.23
Landesbank Baden-Wuertt    4.50 10/28/2016    EUR     45.86
Landesbank Baden-Wuertt    4.50 10/28/2016    EUR     68.57
Landesbank Baden-Wuertt    4.50 10/28/2016    EUR     57.89
Landesbank Baden-Wuertt    3.00 10/28/2016    EUR     47.09
Landesbank Baden-Wuertt    3.00 10/28/2016    EUR     70.09
Landesbank Baden-Wuertt    3.00 10/28/2016    EUR     69.68
Landesbank Baden-Wuertt    3.00 10/28/2016    EUR     64.17
Landesbank Baden-Wuertt    3.00 10/28/2016    EUR     73.75
Landesbank Baden-Wuertt    5.00 10/28/2016    EUR     62.32
Landesbank Baden-Wuertt    5.00 10/28/2016    EUR     74.74
Landesbank Baden-Wuertt    5.50 10/28/2016    EUR     72.66
Landesbank Baden-Wuertt    5.50 10/28/2016    EUR     43.84
Landesbank Baden-Wuertt    5.50 10/28/2016    EUR     55.38
Landesbank Baden-Wuertt    3.50 10/28/2016    EUR     48.69
Landesbank Baden-Wuertt    3.50 10/28/2016    EUR     60.83
Landesbank Baden-Wuertt    4.00 10/28/2016    EUR     65.50
Landesbank Baden-Wuertt    6.50 10/28/2016    EUR     57.16
Landesbank Baden-Wuertt    6.00 10/28/2016    EUR     59.93
Landesbank Baden-Wuertt    3.00 10/27/2017    EUR     54.04
Landesbank Baden-Wuertt    3.00 10/27/2017    EUR     64.90
Landesbank Baden-Wuertt    5.00 10/27/2017    EUR     48.54
Landesbank Baden-Wuertt    5.00 10/27/2017    EUR     58.99
Landesbank Baden-Wuertt    4.00 10/27/2017    EUR     61.97
Landesbank Baden-Wuertt    3.50 10/27/2017    EUR     71.00
Landesbank Baden-Wuertt    2.50  2/24/2017    EUR     49.95
Landesbank Baden-Wuertt    2.50  2/24/2017    EUR     58.26
Landesbank Baden-Wuertt    2.50  2/24/2017    EUR     69.64
Landesbank Baden-Wuertt    2.50  2/24/2017    EUR     73.37
Landesbank Baden-Wuertt    2.50  2/24/2017    EUR     71.25
Landesbank Baden-Wuertt    2.50  2/24/2017    EUR     71.82
Landesbank Baden-Wuertt    3.50  2/24/2017    EUR     48.02
Landesbank Baden-Wuertt    3.50  2/24/2017    EUR     54.44
Landesbank Baden-Wuertt    3.50  2/24/2017    EUR     65.44
Landesbank Baden-Wuertt    3.50  2/24/2017    EUR     67.57
Landesbank Baden-Wuertt    3.50  2/24/2017    EUR     74.19
Landesbank Baden-Wuertt    3.50  2/24/2017    EUR     67.70
Landesbank Baden-Wuertt    4.50  2/24/2017    EUR     51.40
Landesbank Baden-Wuertt    4.50  2/24/2017    EUR     62.24
Landesbank Baden-Wuertt    4.50  2/24/2017    EUR     64.47
Landesbank Baden-Wuertt    4.50  2/24/2017    EUR     71.15
Landesbank Baden-Wuertt    4.50  2/24/2017    EUR     64.28
Landesbank Baden-Wuertt    5.50  2/24/2017    EUR     48.97
Landesbank Baden-Wuertt    5.50  2/24/2017    EUR     59.41
Landesbank Baden-Wuertt    5.50  2/24/2017    EUR     71.79
Landesbank Baden-Wuertt    5.50  2/24/2017    EUR     61.58
Landesbank Baden-Wuertt    4.00  2/24/2017    EUR     70.51
Landesbank Baden-Wuertt    4.00  2/24/2017    EUR     67.51
Landesbank Baden-Wuertt    5.00  2/24/2017    EUR     66.18
Landesbank Baden-Wuertt    5.00  2/24/2017    EUR     64.66
Landesbank Baden-Wuertt    6.00  2/24/2017    EUR     62.96
Landesbank Baden-Wuertt    3.60  9/22/2017    EUR     50.67
Landesbank Baden-Wuertt    4.60  6/23/2017    EUR     69.53
Landesbank Baden-Wuertt    4.00 10/28/2016    EUR     73.77
Landesbank Baden-Wuertt    3.25  7/28/2017    EUR     70.96
Landesbank Baden-Wuertt    3.90  7/28/2017    EUR     61.99
Landesbank Baden-Wuertt    3.60 12/23/2016    EUR     49.29
Landesbank Baden-Wuertt    4.70 10/28/2016    EUR     71.42
Landesbank Baden-Wuertt    4.00  3/24/2017    EUR     73.47
Landesbank Baden-Wuertt    5.00  3/24/2017    EUR     70.06
Landesbank Baden-Wuertt    3.00  3/24/2017    EUR     65.87
Landesbank Baden-Wuertt    5.00  3/24/2017    EUR     60.39
Landesbank Baden-Wuertt    5.00  3/24/2017    EUR     74.50
Landesbank Baden-Wuertt    6.00  3/24/2017    EUR     71.52
Landesbank Baden-Wuertt    3.00  3/24/2017    EUR     66.79
Landesbank Baden-Wuertt    4.00  3/24/2017    EUR     62.41
Landesbank Baden-Wuertt    5.00  3/24/2017    EUR     59.15
Landesbank Baden-Wuertt    6.00  3/24/2017    EUR     56.37
Landesbank Baden-Wuertt    3.00  3/24/2017    EUR     44.15
Landesbank Baden-Wuertt    4.00  3/24/2017    EUR     41.95
Landesbank Baden-Wuertt    5.00  3/24/2017    EUR     40.17
Landesbank Baden-Wuertt    3.00  3/24/2017    EUR     72.11
Landesbank Baden-Wuertt    4.50  3/24/2017    EUR     66.82
Landesbank Baden-Wuertt    6.00  3/24/2017    EUR     63.16
Landesbank Baden-Wuertt    3.00  3/24/2017    EUR     64.87
Landesbank Baden-Wuertt    4.00  3/24/2017    EUR     61.36
Landesbank Baden-Wuertt    5.00  3/24/2017    EUR     59.14
Landesbank Baden-Wuertt    2.50  3/24/2017    EUR     49.20
Landesbank Baden-Wuertt    3.00  3/24/2017    EUR     59.78
Landesbank Baden-Wuertt    4.00  3/24/2017    EUR     74.60
Landesbank Baden-Wuertt    5.00  3/24/2017    EUR     71.34
Landesbank Baden-Wuertt    6.00  3/24/2017    EUR     68.36
Landesbank Baden-Wuertt    3.05  8/25/2017    EUR     71.75
Landesbank Baden-Wuertt    3.00  3/24/2017    EUR     60.45
Landesbank Baden-Wuertt    4.00  3/24/2017    EUR     57.16
Landesbank Baden-Wuertt    5.50  3/24/2017    EUR     53.50
Landesbank Baden-Wuertt    4.50 10/28/2016    EUR     74.17
Landesbank Baden-Wuertt    3.00  7/28/2017    EUR     52.91
Landesbank Baden-Wuertt    5.00 12/23/2016    EUR     51.75
Landesbank Baden-Wuertt    4.00 12/23/2016    EUR     62.18
Landesbank Baden-Wuertt    4.80  6/23/2017    EUR     58.16
Landesbank Baden-Wuertt    4.00  6/23/2017    EUR     68.90
Landesbank Baden-Wuertt    3.25  7/28/2017    EUR     63.72
Landesbank Baden-Wuertt    3.00  6/23/2017    EUR     50.10
Landesbank Baden-Wuertt    4.10  7/28/2017    EUR     73.08
Landesbank Baden-Wuertt    3.15  8/25/2017    EUR     57.29
Landesbank Baden-Wuertt    4.40  8/25/2017    EUR     65.39
Landesbank Baden-Wuertt    3.70  8/25/2017    EUR     50.36
Landesbank Baden-Wuertt    3.00  6/23/2017    EUR     59.90
Landesbank Baden-Wuertt    4.50  8/25/2017    EUR     60.99
Landesbank Baden-Wuertt    3.55  8/25/2017    EUR     54.59
Landesbank Baden-Wuertt    3.70  9/22/2017    EUR     46.99
Landesbank Baden-Wuertt    3.75  9/22/2017    EUR     54.11
Landesbank Baden-Wuertt    3.90  9/22/2017    EUR     52.86
Landesbank Baden-Wuertt    3.20  9/22/2017    EUR     45.05
Landesbank Baden-Wuertt    3.00  6/22/2018    EUR     69.90
Landesbank Baden-Wuertt    3.10 11/24/2017    EUR     59.55
Landesbank Baden-Wuertt    3.50 11/24/2017    EUR     70.64
Landesbank Baden-Wuertt    3.40  6/23/2017    EUR     66.43
Landesbank Baden-Wuertt    3.85 10/27/2017    EUR     59.23
Landesbank Baden-Wuertt    3.00 11/24/2017    EUR     67.39
Landesbank Baden-Wuertt    3.40 11/24/2017    EUR     55.64
Vontobel Financial Prod    8.00 11/25/2016    EUR     49.50
Vontobel Financial Prod    6.50 11/25/2016    EUR     49.07
Landesbank Baden-Wuertt    2.50  1/25/2019    EUR     73.79
Landesbank Baden-Wuertt    3.50  1/26/2018    EUR     52.08
Landesbank Baden-Wuertt    3.45  3/22/2019    EUR     74.99
Landesbank Baden-Wuertt    4.50  3/23/2018    EUR     69.90
Landesbank Baden-Wuertt    3.00  6/28/2019    EUR     50.10
Landesbank Baden-Wuertt    2.50  6/28/2019    EUR     62.20
Landesbank Baden-Wuertt    3.00  6/28/2019    EUR     65.05
Landesbank Baden-Wuertt    3.50  6/22/2018    EUR     58.86
Landesbank Baden-Wuertt    4.00  8/25/2017    EUR     53.57
Landesbank Baden-Wuertt    3.00  9/22/2017    EUR     71.74
Landesbank Baden-Wuertt    3.00  9/28/2018    EUR     60.05
Landesbank Baden-Wuertt    3.75 10/27/2017    EUR     60.33
Landesbank Baden-Wuertt    3.00   1/4/2019    EUR     66.31
DZ Bank AG Deutsche Zen    7.30 12/19/2016    EUR     64.69
Bank Julius Baer & Co L    6.00 11/16/2016    CHF     72.25
Barclays Bank PLC          2.50   3/7/2017    EUR     48.94
HSBC Trinkaus & Burkhar    4.50  7/28/2017    EUR     72.63
EFG International Finan    6.00 11/30/2017    EUR     24.20
Commerzbank AG             4.00  7/19/2017    EUR     39.29
Landesbank Baden-Wuertt    3.85  8/25/2017    EUR     46.85
Vontobel Financial Prod   18.00 12/23/2016    EUR     73.95
HSBC Trinkaus & Burkhar    9.80 12/23/2016    EUR     71.73
DZ Bank AG Deutsche Zen    8.00 12/23/2016    EUR     72.59
Societe Generale Effekt    2.50  10/7/2016    EUR     62.00
Goldman Sachs & Co Wert   20.00 11/23/2016    EUR     68.45
Goldman Sachs & Co Wert   14.00 11/23/2016    EUR     65.28
Goldman Sachs & Co Wert   18.00 11/23/2016    EUR     60.18
Goldman Sachs & Co Wert   20.00 11/23/2016    EUR     42.27
Goldman Sachs & Co Wert   20.00 11/23/2016    EUR     72.87
Kaupthing ehf              3.75  2/15/2024    ISK     17.63
Vontobel Financial Prod   13.50 12/23/2016    EUR     73.74
Vontobel Financial Prod   10.45 10/28/2016    EUR     71.54
Lehman Brothers Treasur   18.25  10/2/2008    USD      0.75
Credit Suisse AG/London    5.00 10/13/2016    CHF     69.81
Deutsche Bank AG           5.50 12/20/2016    EUR     60.20
DZ Bank AG Deutsche Zen    5.80 12/23/2016    EUR     73.64
Lehman Brothers Treasur    1.50 10/12/2010    EUR      0.75
Lehman Brothers Treasur    7.00 10/22/2010    EUR      0.75
Lehman Brothers Treasur    5.75  6/15/2009    CHF      0.75
Lehman Brothers Treasur    7.50 10/24/2008    USD      0.75
Lehman Brothers Treasur   10.00  3/27/2009    USD      0.75
Lehman Brothers Treasur    7.00  4/14/2009    EUR      0.75
Lehman Brothers Treasur    7.75  1/30/2009    EUR      0.75
Lehman Brothers Treasur    0.25  7/21/2014    EUR      0.75
Lehman Brothers Treasur    4.95 10/25/2036    EUR      0.75
Lehman Brothers Treasur    8.00   8/3/2009    USD      0.75
Lehman Brothers Treasur    5.50  6/15/2009    CHF      0.75
Lehman Brothers Treasur    1.50 10/25/2011    EUR      0.75
Lehman Brothers Treasur    2.50 12/15/2011    GBP      0.75
Lehman Brothers Treasur    4.00 11/24/2016    EUR      0.75
Lehman Brothers Treasur    7.59 11/22/2009    MXN     11.88
Lehman Brothers Treasur    7.60  3/26/2009    EUR      0.75
Lehman Brothers Treasur    7.55 12/29/2008    USD      0.75
WGZ-Bank AG Westdeutsch    6.25 12/16/2016    EUR     58.68
WGZ-Bank AG Westdeutsch    4.25 12/16/2016    EUR     74.63
WGZ-Bank AG Westdeutsch    5.25 12/16/2016    EUR     71.19
Vontobel Financial Prod   15.00 12/23/2016    EUR     73.62
Vontobel Financial Prod   16.50 12/23/2016    EUR     71.38
Deutsche Bank AG           5.50 12/20/2016    EUR     57.00
Deutsche Bank AG           5.50 12/20/2016    EUR     54.00
Lehman Brothers Treasur    4.00 10/12/2010    USD      0.75
Deutsche Bank AG           7.50 12/20/2016    EUR     57.50
Deutsche Bank AG           7.50 12/20/2016    EUR     54.50
Deutsche Bank AG           7.50 12/20/2016    EUR     51.90
Lehman Brothers Treasur    8.00 10/23/2008    USD      0.75
Goldman Sachs & Co Wert    8.00 11/23/2016    EUR     50.59
Goldman Sachs & Co Wert    8.00 11/23/2016    EUR     46.58
Lehman Brothers Treasur   12.22 11/21/2017    USD      0.75
BNP Paribas Emissions-     7.00 12/22/2016    EUR     71.64
BNP Paribas Emissions-    10.00 12/22/2016    EUR     46.08
BNP Paribas Emissions-     8.00 12/22/2016    EUR     72.75
BNP Paribas Emissions-     9.00 12/22/2016    EUR     69.42
BNP Paribas Emissions-    13.00 12/22/2016    EUR     62.82
BNP Paribas Emissions-    22.00 12/22/2016    EUR     74.21
BNP Paribas Emissions-    13.00 12/22/2016    EUR     73.62
Lehman Brothers Treasur    2.50  11/9/2011    CHF      0.75
Vontobel Financial Prod    9.20 10/28/2016    EUR     68.88
Commerzbank AG             5.00 10/28/2016    EUR     56.62
Lehman Brothers Treasur    3.00  12/3/2012    EUR      0.75
Leonteq Securities AG     10.20  1/26/2017    CHF     59.37
Lehman Brothers Treasur    4.80 11/16/2012    HKD      0.75
Landesbank Baden-Wuertt    3.00 10/28/2016    EUR     63.29
Landesbank Baden-Wuertt    4.50 10/28/2016    EUR     57.55
Landesbank Baden-Wuertt    6.00 10/28/2016    EUR     53.91
Lehman Brothers Treasur    3.50 12/20/2027    USD      0.75
BNP Paribas Emissions-     8.50 12/22/2016    EUR     68.36
BNP Paribas Emissions-    10.00 12/22/2016    EUR     65.42
BNP Paribas Emissions-     8.00 12/22/2016    EUR     49.25
BNP Paribas Emissions-     7.00 12/22/2016    EUR     49.57
BNP Paribas Emissions-     7.00 12/22/2016    EUR     71.85
BNP Paribas Emissions-    11.00 12/22/2016    EUR     63.38
BNP Paribas Emissions-    14.00 12/22/2016    EUR     60.31
Lehman Brothers Treasur    5.50 11/30/2012    CZK      0.75
BNP Paribas Emissions-    24.00 12/22/2016    EUR     71.52
BNP Paribas Emissions-    13.00 12/22/2016    EUR     73.27
Lehman Brothers Treasur    6.00 10/30/2012    USD      0.75
Lehman Brothers Treasur   16.00  10/8/2008    CHF      0.75
Lehman Brothers Treasur    3.40  9/21/2009    HKD      0.75
Deutsche Bank AG           5.50 12/20/2016    EUR     71.50
Deutsche Bank AG           7.50 12/20/2016    EUR     72.00
Deutsche Bank AG           7.50 12/20/2016    EUR     67.60
Deutsche Bank AG           7.50 12/20/2016    EUR     73.80
Lehman Brothers Treasur   13.00  7/25/2012    EUR      0.75
Lehman Brothers Treasur   10.00   8/2/2037    JPY      0.75
Goldman Sachs & Co Wert   10.00 11/23/2016    EUR     71.64
Goldman Sachs & Co Wert    4.00 11/23/2016    EUR     71.44
Goldman Sachs & Co Wert    5.00 11/23/2016    EUR     63.79
Goldman Sachs & Co Wert    7.00 11/23/2016    EUR     57.82
Goldman Sachs & Co Wert    9.00 11/23/2016    EUR     52.98
Goldman Sachs & Co Wert    6.00  3/22/2017    EUR     59.61
Goldman Sachs & Co Wert    4.00  6/21/2017    EUR     72.05
Goldman Sachs & Co Wert   16.00  3/22/2017    EUR     46.97
Lehman Brothers Treasur    2.50  8/23/2012    GBP      0.75
Drangedal Sparebank        2.30               NOK     69.45
Bank Julius Baer & Co L    7.50  10/7/2016    EUR     37.35
Bank Julius Baer & Co L    6.00 10/19/2016    CHF     68.20
Credit Suisse AG/London    7.00 10/26/2016    CHF     74.82
DZ Bank AG Deutsche Zen    6.75 10/28/2016    EUR     70.66
DZ Bank AG Deutsche Zen   12.25 10/28/2016    EUR     65.21
Vontobel Financial Prod   13.50 12/23/2016    EUR     73.44
Bank Julius Baer & Co L    3.90 10/27/2016    CHF     54.35
Deutsche Bank AG           5.20  3/21/2017    EUR     71.80
Deutsche Bank AG           5.20  3/21/2017    EUR     68.40
Deutsche Bank AG           5.20  3/21/2017    EUR     54.20
Deutsche Bank AG           5.20  3/21/2017    EUR     52.00
Deutsche Bank AG           5.20  3/21/2017    EUR     50.00
Deutsche Bank AG           5.20  3/21/2017    EUR     48.10
Deutsche Bank AG           7.20 12/20/2016    EUR     64.60
Deutsche Bank AG           7.20  3/21/2017    EUR     72.80
Deutsche Bank AG           7.20  3/21/2017    EUR     69.40
Deutsche Bank AG           7.20  3/21/2017    EUR     51.00
Deutsche Bank AG           7.20  3/21/2017    EUR     49.10
UBS AG                     6.50 11/25/2016    EUR     44.98
UBS AG                     6.25 11/25/2016    EUR     60.38
UniCredit Bank AG          4.00 12/22/2016    EUR     70.08
Credit Suisse AG/Nassau    7.25 10/31/2016    CHF     69.64
Landesbank Baden-Wuertt    3.35 11/23/2018    EUR     60.20
Vontobel Financial Prod    8.50 10/28/2016    EUR     47.94
Lehman Brothers Treasur    7.50  9/13/2009    CHF      0.75
Lehman Brothers Treasur    6.00  2/14/2012    EUR      0.75
Lehman Brothers Treasur    7.00  2/15/2012    EUR      0.75
Lehman Brothers Treasur    6.00  5/12/2017    EUR      0.75
Lehman Brothers Treasur    4.10  2/19/2010    EUR      0.75
Lehman Brothers Treasur    6.60  2/22/2012    EUR      0.75
Lehman Brothers Treasur    5.20  3/19/2018    EUR      0.75
Lehman Brothers Treasur    5.00  2/28/2032    EUR      0.75
Lehman Brothers Treasur    3.50 10/31/2011    USD      0.75
Lehman Brothers Treasur    3.50 10/24/2011    USD      0.75
Lehman Brothers Treasur    1.68   3/5/2015    EUR      0.75
Lehman Brothers Treasur   13.50 11/28/2008    USD      0.75
Lehman Brothers Treasur    9.00  5/15/2022    USD      0.75
Lehman Brothers Treasur    6.75   4/5/2012    EUR      0.75
Raiffeisen Centrobank A    2.80 11/14/2016    EUR     45.26
EFG International Finan   12.86 10/30/2017    EUR     20.75
DekaBank Deutsche Giroz    4.00 12/12/2016    EUR     58.38
Credit Suisse AG/London    7.20   8/2/2019    USD      9.59
UniCredit Bank AG          5.40 12/22/2016    EUR     73.94
UniCredit Bank AG          5.20 12/22/2016    EUR     74.73
Vontobel Financial Prod   10.55  12/9/2016    EUR     49.88
Vontobel Financial Prod   12.25  3/10/2017    EUR     49.20
Vontobel Financial Prod    2.50  12/9/2016    EUR     71.22
Vontobel Financial Prod    3.35  12/9/2016    EUR     67.31
Vontobel Financial Prod    5.65  3/10/2017    EUR     59.21
Vontobel Financial Prod   11.75   6/9/2017    EUR     52.01
Vontobel Financial Prod    3.75 12/23/2016    EUR     57.45
Vontobel Financial Prod    6.00 12/23/2016    EUR     41.80
Vontobel Financial Prod    7.80  12/9/2016    EUR     73.08
Vontobel Financial Prod   10.95  12/9/2016    EUR     66.14
DZ Bank AG Deutsche Zen    5.00 10/28/2016    EUR     72.23
DZ Bank AG Deutsche Zen    9.70 10/26/2016    EUR     52.86
DZ Bank AG Deutsche Zen   11.50 10/26/2016    EUR     67.12
Deutsche Bank AG           5.50 12/20/2016    EUR     74.67
Deutsche Bank AG           5.50 12/20/2016    EUR     66.98
Deutsche Bank AG           7.50 12/20/2016    EUR     50.92
Vontobel Financial Prod   12.50 10/28/2016    EUR     74.08
Vontobel Financial Prod   14.50 10/28/2016    EUR     71.44
DZ Bank AG Deutsche Zen    5.50 12/19/2016    EUR     74.82
DZ Bank AG Deutsche Zen    5.00 12/19/2016    EUR     47.65
BNP Paribas Emissions-     6.50 10/27/2016    EUR     42.10
DZ Bank AG Deutsche Zen    9.00 12/19/2016    EUR     65.64
Zurcher Kantonalbank Fi   12.53 10/14/2016    CHF     73.53
Bank Julius Baer & Co L   16.00 10/14/2016    USD     73.15
Commerzbank AG            20.00  5/28/2018    SEK     57.84
HSBC Trinkaus & Burkhar    1.75  8/25/2017    EUR     64.29
Societe Generale SA        0.50  5/22/2024    MXN     57.57
Landesbank Hessen-Thuer    4.00  5/16/2018    EUR     47.17
Vontobel Financial Prod    8.30   6/9/2017    EUR     73.86
Vontobel Financial Prod   10.95  3/10/2017    EUR     73.85
Vontobel Financial Prod   14.95   6/9/2017    EUR     74.65
Lehman Brothers Treasur    7.06 12/29/2008    EUR      0.75
Lehman Brothers Treasur    7.63  7/22/2011    HKD      0.75
HSBC Trinkaus & Burkhar    5.00  4/28/2017    EUR     56.55
Lehman Brothers Treasur    6.60   2/9/2009    EUR      0.75
Lehman Brothers Treasur    6.72 12/29/2008    EUR      0.75
HSBC Trinkaus & Burkhar    5.00  5/26/2017    EUR     73.36
Oberoesterreichische La    0.32  11/6/2030    EUR     67.63
Lehman Brothers Treasur    8.05 12/20/2010    HKD      0.75
Lehman Brothers Treasur    2.00  6/21/2011    EUR      0.75
Lehman Brothers Treasur    0.50  2/16/2009    EUR      0.75
Lehman Brothers Treasur   10.00   1/4/2010    USD      0.75
Lehman Brothers Treasur    4.25  3/13/2021    EUR      0.75
Lehman Brothers Treasur    6.00  3/17/2011    EUR      0.75
Lehman Brothers Treasur    6.00  6/21/2011    EUR      0.75
Lehman Brothers Treasur    7.50   8/1/2035    EUR      0.75
Lehman Brothers Treasur    6.00  12/6/2016    USD      0.75
Lehman Brothers Treasur    4.70  3/23/2016    EUR      0.75
Lehman Brothers Treasur    8.00  4/20/2009    EUR      0.75
Lehman Brothers Treasur    4.15  8/25/2020    EUR      0.75
Lehman Brothers Treasur    6.50  5/16/2015    EUR      0.75
Lehman Brothers Treasur    5.00   9/1/2011    EUR      0.75
Lehman Brothers Treasur    7.00  7/11/2010    EUR      0.75
Lehman Brothers Treasur    6.00  7/28/2010    EUR      0.75
Lehman Brothers Treasur    6.00  7/28/2010    EUR      0.75
Lehman Brothers Treasur    4.90  7/28/2020    EUR      0.75
Lehman Brothers Treasur    3.50  9/29/2017    EUR      0.75
Lehman Brothers Treasur    3.00   8/8/2017    EUR      0.75
Lehman Brothers Treasur    3.00  8/15/2017    EUR      0.75
Bank Nederlandse Gemeen    0.50  8/15/2022    ZAR     59.88
Municipality Finance PL    0.50  7/30/2029    AUD     73.43
HSBC Trinkaus & Burkhar    4.00  6/16/2017    EUR     71.70
HSBC Trinkaus & Burkhar    4.00  6/16/2017    EUR     66.85
HSBC Bank PLC              0.50  12/8/2020    BRL     65.72
Notenstein La Roche Pri    4.50  5/22/2018    CHF     63.83
UniCredit Bank AG          4.50 12/22/2016    EUR     64.28
Zurcher Kantonalbank Fi    9.60 11/22/2016    EUR     71.83
Lehman Brothers Treasur    8.60  7/31/2013    GBP      0.75
UniCredit Bank AG          4.40 12/22/2016    EUR     73.53
UniCredit Bank AG          7.50 12/22/2016    EUR     72.73
UniCredit Bank AG          4.00 12/22/2016    EUR     52.69
Lehman Brothers Treasur    8.28  7/31/2013    GBP      0.75
UniCredit Bank AG          4.75 12/22/2016    EUR     42.43
UniCredit Bank AG          4.25 12/22/2016    EUR     52.22
UniCredit Bank AG          4.50 12/22/2016    EUR     43.93
Lehman Brothers Treasur    3.40  3/19/2018    JPY      0.75
Immigon Portfolioabbau     5.05   8/5/2030    EUR     61.63
Notenstein La Roche Pri    4.20  5/22/2019    CHF     65.30
UniCredit Bank AG          4.50 12/22/2016    EUR     51.77
UniCredit Bank AG          5.00 12/22/2016    EUR     41.03
UniCredit Bank AG          6.00 12/22/2016    EUR     61.05
UniCredit Bank AG          5.00 12/22/2016    EUR     63.16
UniCredit Bank AG          4.00 12/22/2016    EUR     47.29
WGZ-Bank AG Westdeutsch    4.00  11/7/2016    EUR     39.94
Lehman Brothers Treasur    4.70  3/23/2016    EUR      0.75
Goldman Sachs & Co Wert   22.00  5/24/2017    EUR     74.88
Kaupthing ehf              7.00  7/24/2009    ISK     17.63
Lehman Brothers Treasur    5.00  3/13/2009    EUR      0.75
Lehman Brothers Treasur    8.88  1/28/2011    HKD      9.63
Lehman Brothers Treasur    4.05  9/16/2008    EUR      0.75
LBI HF                     8.65   5/1/2011    ISK      7.75
LBI HF                     5.08   3/1/2013    ISK      7.75
Oberoesterreichische La    0.30  4/25/2042    EUR     48.88
BNP Paribas SA             0.50 11/16/2032    MXN     34.45
KPNQwest NV                8.88   2/1/2008    EUR      0.57
Lehman Brothers Treasur    5.22   3/1/2024    EUR      0.75
Deutsche Bank AG           6.80  3/21/2017    EUR     73.50
Deutsche Bank AG           6.80  6/20/2017    EUR     74.20
Lehman Brothers Treasur    3.82 10/20/2009    USD      0.75
Deutsche Bank AG           6.80 12/20/2016    EUR     72.50
National Developing Co    16.00  4/15/2021    RUB     60.11
Lehman Brothers Treasur    4.10  5/20/2009    USD      0.75
Lehman Brothers Treasur    2.00  5/17/2010    EUR      0.75
Vontobel Financial Prod   13.00  3/24/2017    EUR     74.50
Vontobel Financial Prod   14.00  3/24/2017    EUR     73.15
Deutsche Bank AG           4.80 12/20/2016    EUR     72.00
Deutsche Bank AG           4.80  6/20/2017    EUR     72.70
Lehman Brothers Treasur    4.00  2/28/2010    EUR      0.75
Lehman Brothers Treasur    2.30  6/27/2013    USD      0.75
Lehman Brothers Treasur    2.37  7/15/2013    USD      0.75
DZ Bank AG Deutsche Zen   10.00 12/23/2016    EUR     67.73
Lehman Brothers Treasur    1.95  11/4/2013    EUR      0.75
Deutsche Bank AG           6.80 12/20/2016    EUR     73.70
Deutsche Bank AG           4.80  3/21/2017    EUR     72.50
Lehman Brothers Treasur    2.30  4/28/2014    JPY      0.75
Kaupthing ehf              6.50  10/8/2010    ISK     17.63
DZ Bank AG Deutsche Zen    8.00 12/23/2016    EUR     70.20
Lehman Brothers Treasur    4.87  10/8/2013    USD      0.75
Deutsche Bank AG           4.80 12/20/2016    EUR     73.20
Deutsche Bank AG           4.80  3/21/2017    EUR     74.10
Deutsche Bank AG           6.80  6/20/2017    EUR     74.50
Deutsche Bank AG           4.80  6/20/2017    EUR     73.00
Deutsche Bank AG           4.80 12/20/2016    EUR     74.90
Deutsche Bank AG           4.80  6/20/2017    EUR     74.20
HSBC Trinkaus & Burkhar    3.75  9/22/2017    EUR     73.06
Lehman Brothers Treasur    8.25  12/3/2015    EUR     11.88
Lehman Brothers Treasur   12.00  7/13/2037    JPY      0.75
Lehman Brothers Treasur   10.00  6/11/2038    JPY      0.75
BNP Paribas Emissions-    24.00  3/23/2017    EUR     68.55
Lehman Brothers Treasur    0.75  3/29/2012    EUR      0.75
Immigon Portfolioabbau     0.70   3/1/2021    EUR     69.25
BNP Paribas Emissions-    17.00 12/22/2016    EUR     73.69
BNP Paribas Emissions-    12.00 12/21/2017    EUR     71.91
BNP Paribas Emissions-    18.00 12/22/2016    EUR     64.96
BNP Paribas Emissions-    15.00  6/22/2017    EUR     69.49
Lehman Brothers Treasur    5.00  12/6/2011    EUR      0.75
BNP Paribas Emissions-    20.00 12/22/2016    EUR     74.23
Goldman Sachs & Co Wert   24.00  3/22/2017    EUR     74.63
Goldman Sachs & Co Wert   22.00  5/24/2017    EUR     71.02
BNP Paribas Emissions-    19.00 12/22/2016    EUR     73.41
BNP Paribas Emissions-    21.00 12/22/2016    EUR     70.72
BNP Paribas Emissions-    25.00  3/23/2017    EUR     66.81
Lehman Brothers Treasur    3.63   3/2/2012    EUR      0.75
BNP Paribas Emissions-    13.00 12/22/2016    EUR     73.33
BNP Paribas Emissions-    10.00  3/23/2017    EUR     73.37
BNP Paribas Emissions-    10.00  6/22/2017    EUR     73.66
Commerzbank AG            20.00 10/27/2016    EUR     69.68
Commerzbank AG            18.00 12/22/2016    EUR     72.16
Goldman Sachs & Co Wert   21.00  6/21/2017    EUR     71.90
BNP Paribas Emissions-    17.00  3/23/2017    EUR     74.37
BNP Paribas Emissions-    16.00  6/22/2017    EUR     74.10
BNP Paribas Emissions-    19.00 12/21/2017    EUR     74.91
BNP Paribas Emissions-    15.00  3/23/2017    EUR     67.40
Lehman Brothers Treasur    2.75 10/28/2009    EUR      0.75
HSBC Trinkaus & Burkhar    4.50  4/24/2017    EUR     59.26
Goldman Sachs & Co Wert   20.00  5/24/2017    EUR     72.55
BNP Paribas Emissions-    25.00 12/22/2016    EUR     67.35
BNP Paribas Emissions-    27.00 12/22/2016    EUR     63.99
BNP Paribas Emissions-    18.00  3/23/2017    EUR     73.30
BNP Paribas Emissions-    10.00  9/21/2017    EUR     74.92
Lehman Brothers Treasur    4.50   3/7/2015    EUR      0.75
SpareBank 1 Noetteroey     8.25               NOK     49.98
Lehman Brothers Treasur    4.50 12/30/2010    USD      0.75
Eksportfinans ASA          0.25  7/14/2033    CAD     44.25
Vontobel Financial Prod    3.00 10/28/2016    EUR     66.93
Vontobel Financial Prod    4.00 10/28/2016    EUR     63.32
Vontobel Financial Prod    5.00 10/28/2016    EUR     60.09
Vontobel Financial Prod    6.00 10/28/2016    EUR     57.19
Vontobel Financial Prod    7.00 10/28/2016    EUR     54.57
Vontobel Financial Prod    8.50 10/28/2016    EUR     52.25
Vontobel Financial Prod   10.00 10/28/2016    EUR     50.13
Vontobel Financial Prod   14.50 10/28/2016    EUR     44.82
Vontobel Financial Prod   16.00 10/28/2016    EUR     43.34
Vontobel Financial Prod    3.00 12/23/2016    EUR     67.32
Vontobel Financial Prod    5.00 12/23/2016    EUR     60.85
Vontobel Financial Prod    7.00 12/23/2016    EUR     55.68
Vontobel Financial Prod    9.00 12/23/2016    EUR     51.47
Vontobel Financial Prod   11.50 12/23/2016    EUR     48.12
Vontobel Financial Prod   11.50 10/28/2016    EUR     48.20
Vontobel Financial Prod   13.00 10/28/2016    EUR     46.44
Goldman Sachs & Co Wert   12.00 12/21/2016    EUR     49.99
Bank Julius Baer & Co L    8.05  10/7/2016    CHF     57.60
Bank Nederlandse Gemeen    0.50  9/20/2022    ZAR     59.30
DZ Bank AG Deutsche Zen   11.50  6/23/2017    EUR     70.16
Vontobel Financial Prod   16.10   6/9/2017    EUR     73.70
Vontobel Financial Prod   16.25  3/10/2017    EUR     73.67
Vontobel Financial Prod   14.70  3/10/2017    EUR     74.83
Vontobel Financial Prod   18.20  12/9/2016    EUR     72.27
Vontobel Financial Prod   11.75  3/10/2017    EUR     73.93
Leonteq Securities AG     10.00 12/14/2016    EUR     70.18
Vontobel Financial Prod   15.30 12/23/2016    EUR     67.52
Goldman Sachs & Co Wert   23.00 10/26/2016    EUR     73.98
Vontobel Financial Prod    5.00 11/25/2016    EUR     54.79
Vontobel Financial Prod    3.50 11/25/2016    EUR     57.25
Vontobel Financial Prod    8.60 12/23/2016    EUR     73.80
Vontobel Financial Prod    9.05 11/25/2016    EUR     48.69
Vontobel Financial Prod   12.50 11/25/2016    EUR     45.59
Deutsche Bank AG           6.20 12/20/2016    EUR     70.80
Deutsche Bank AG           6.20 12/20/2016    EUR     64.10
Vontobel Financial Prod   11.00   6/9/2017    EUR     74.23
Societe Generale Effekt    5.27 12/23/2016    EUR     58.23
Vontobel Financial Prod   12.10 12/23/2016    EUR     71.60
Goldman Sachs & Co Wert   23.00 10/26/2016    EUR     64.64
Goldman Sachs & Co Wert   21.00 12/21/2016    EUR     71.01
Vontobel Financial Prod    7.50 11/25/2016    EUR     50.49
Deutsche Bank AG           6.20 12/20/2016    EUR     66.20
Deutsche Bank AG           6.20 12/20/2016    EUR     68.30
HSBC Trinkaus & Burkhar    3.75  8/25/2017    EUR     72.02
UBS AG                     7.85  12/1/2016    EUR     49.30
DZ Bank AG Deutsche Zen    6.20 12/19/2016    EUR     54.41
Vontobel Financial Prod    7.45  12/9/2016    EUR     68.01
HSBC Trinkaus & Burkhar   10.60 12/23/2016    EUR     72.93
HSBC Trinkaus & Burkhar   12.50 12/23/2016    EUR     66.78
HSBC Trinkaus & Burkhar   11.10  3/24/2017    EUR     69.13
HSBC Trinkaus & Burkhar    9.40  1/27/2017    EUR     71.35
HSBC Trinkaus & Burkhar    6.50 12/23/2016    EUR     54.13
Landesbank Baden-Wuertt    3.00 11/23/2018    EUR     67.59
Landesbank Baden-Wuertt    3.00 11/24/2017    EUR     66.72
Landesbank Baden-Wuertt    4.00 11/24/2017    EUR     57.40
DZ Bank AG Deutsche Zen    6.25 12/23/2016    EUR     72.41
HSBC Trinkaus & Burkhar    6.00  1/27/2017    EUR     71.88
HSBC Trinkaus & Burkhar   14.40 12/23/2016    EUR     64.58
Vontobel Financial Prod    9.00   6/9/2017    EUR     69.08
DZ Bank AG Deutsche Zen    9.25  7/28/2017    EUR     72.15
Leonteq Securities AG      9.00 12/14/2016    CHF     71.89
Vontobel Financial Prod   13.70 12/23/2016    EUR     69.47
Credit Suisse AG/Nassau    7.25  6/14/2017    CHF     61.67
Vontobel Financial Prod    6.00 11/25/2016    EUR     52.49
Vontobel Financial Prod   10.50 11/25/2016    EUR     47.03
DZ Bank AG Deutsche Zen    5.90 12/21/2016    EUR     52.33
UBS AG/London             13.80  12/9/2016    EUR     74.39
UBS AG/London              9.30  3/10/2017    EUR     64.16
Svensk Exportkredit AB     0.50  6/29/2029    AUD     64.78
Commerzbank AG             9.25  1/26/2017    EUR     74.75
Commerzbank AG            10.00  1/26/2017    EUR     73.20
Commerzbank AG            10.75  1/26/2017    EUR     71.69
Commerzbank AG            11.75  1/26/2017    EUR     70.33
Eiendomskreditt            5.33               NOK     69.50
Lloyds Bank PLC            0.50  7/26/2028    MXN     46.42
National Capital JSC       9.50  7/25/2018    RUB     60.03
HSBC Bank PLC              0.50   6/9/2023    MXN     62.05
Lehman Brothers Treasur    6.00 12/30/2017    EUR      0.75
Lehman Brothers Treasur    4.10  6/10/2014    SGD      9.63
Goldman Sachs & Co Wert   21.00 10/26/2016    EUR     40.79
Goldman Sachs & Co Wert    5.00 11/23/2016    EUR     67.48
Goldman Sachs & Co Wert    6.00 11/23/2016    EUR     60.64
Goldman Sachs & Co Wert   15.00 11/23/2016    EUR     46.00
Goldman Sachs & Co Wert    6.00  3/22/2017    EUR     62.52
Goldman Sachs & Co Wert    4.00  6/21/2017    EUR     68.57
UBS AG/London             13.50  10/7/2016    CHF     32.29
Notenstein La Roche Pri    7.20  4/19/2017    CHF     74.93
Leonteq Securities AG     12.20 10/19/2016    CHF     71.24
Leonteq Securities AG     11.80 10/19/2016    CHF     73.28
Lehman Brothers Treasur    3.00  8/13/2011    EUR      0.75
Lehman Brothers Treasur    5.00  4/24/2017    EUR      0.75
Lehman Brothers Treasur    7.39   5/4/2017    USD      0.75
Lehman Brothers Treasur    4.25  5/15/2010    EUR      0.75
Lehman Brothers Treasur    3.35 10/13/2016    EUR      0.75
Lehman Brothers Treasur    0.80 12/30/2016    EUR      0.75
Lehman Brothers Treasur   10.00   1/3/2012    BRL      0.75
Lehman Brothers Treasur    6.00  5/23/2018    CZK      0.75
Lehman Brothers Treasur    4.00  5/30/2010    USD      0.75
Lehman Brothers Treasur    4.00  5/17/2010    USD      0.75
Lehman Brothers Treasur    2.48  5/12/2009    USD      0.75
Lehman Brothers Treasur    2.25  5/12/2009    USD      0.75
Bulgaria Steel Finance    12.00   5/4/2013    EUR      1.09
Lehman Brothers Treasur    7.50  6/15/2017    USD      0.75
Kaupthing ehf              5.00   1/4/2027    SKK     17.63
Vontobel Financial Prod    9.85 12/23/2016    EUR     66.93
Landesbank Baden-Wuertt    5.50 11/24/2017    EUR     70.87
Landesbank Baden-Wuertt    3.00 11/24/2017    EUR     59.87
Landesbank Baden-Wuertt    5.00 11/24/2017    EUR     55.50
DZ Bank AG Deutsche Zen    7.00 12/23/2016    EUR     70.10
DZ Bank AG Deutsche Zen    5.25 12/23/2016    EUR     74.24
DZ Bank AG Deutsche Zen    7.00 12/23/2016    EUR     74.52
HSBC Trinkaus & Burkhar    8.10 12/23/2016    EUR     73.48
HSBC Trinkaus & Burkhar   12.60  3/24/2017    EUR     67.26
Vontobel Financial Prod    5.15 12/23/2016    EUR     48.49
Landesbank Hessen-Thuer    3.50   6/6/2018    EUR     70.18
Eiendomskreditt            4.38               NOK     57.47
Bank ZENIT PJSC            8.50  6/14/2024    RUB     60.10
Bank Julius Baer & Co L    5.40  5/31/2017    CHF     73.90
HSBC Trinkaus & Burkhar    3.00   5/8/2017    EUR     72.87
Lloyds Bank PLC            0.50  7/26/2021    BRL     61.27
T-Generation CJSC         12.00  6/14/2019    RUB     60.11
Landesbank Baden-Wuertt    3.50  2/24/2017    EUR     72.50
Landesbank Baden-Wuertt    4.50  2/24/2017    EUR     70.00
Landesbank Baden-Wuertt    5.50  2/24/2017    EUR     67.68
Landesbank Baden-Wuertt    2.50  2/24/2017    EUR     55.03
Landesbank Baden-Wuertt    3.50  2/24/2017    EUR     52.09
Landesbank Baden-Wuertt    4.50  2/24/2017    EUR     49.74
Landesbank Baden-Wuertt    5.50  2/24/2017    EUR     48.11
Landesbank Baden-Wuertt    2.50  2/24/2017    EUR     72.20
Landesbank Baden-Wuertt    4.00  2/24/2017    EUR     66.21
Landesbank Baden-Wuertt    5.50  2/24/2017    EUR     61.81
Leonteq Securities AG      9.00 12/14/2016    CHF     74.60
UBS AG/London              9.50   9/4/2017    CHF     32.66
UBS AG                     6.30  12/9/2016    EUR     50.66
HSBC Trinkaus & Burkhar   11.30 12/23/2016    EUR     69.37
HSBC Trinkaus & Burkhar    9.10 12/23/2016    EUR     65.28
UBS AG                     3.30  12/9/2016    EUR     57.40
HSBC Trinkaus & Burkhar    6.30  3/24/2017    EUR     70.82
HSBC Trinkaus & Burkhar   10.40 12/23/2016    EUR     38.04
HSBC Trinkaus & Burkhar    6.50  3/24/2017    EUR     65.04
Vontobel Financial Prod    4.25  12/9/2016    EUR     52.40
Vontobel Financial Prod    4.65  12/9/2016    EUR     70.75
Bank Julius Baer & Co L    5.60  7/24/2017    EUR     71.00
Credit Suisse AG/London    4.00  1/31/2017    CHF     74.16
Landesbank Baden-Wuertt    3.00  9/27/2019    EUR     60.48
DZ Bank AG Deutsche Zen    8.25 12/19/2016    EUR     57.37
Vontobel Financial Prod   12.00 12/23/2016    EUR     62.92
Vontobel Financial Prod    7.00 12/23/2016    EUR     48.93
Leonteq Securities AG     10.00 12/22/2016    CHF     29.26
Vontobel Financial Prod    5.00 12/16/2016    EUR     65.36
BNP Paribas Emissions-     6.00 12/22/2016    EUR     64.50
BNP Paribas Emissions-     4.00  6/22/2017    EUR     67.18
BNP Paribas Emissions-     5.00  6/22/2017    EUR     67.91
BNP Paribas Emissions-     5.00 12/22/2016    EUR     44.92
Goldman Sachs & Co Wert    9.00  9/20/2017    EUR     52.24
Soyuz AKB OAO             13.00 11/22/2019    RUB     60.06
HSBC Trinkaus & Burkhar   10.30 12/23/2016    EUR     71.27
HSBC Trinkaus & Burkhar    8.00 12/23/2016    EUR     67.28
UBS AG                     5.80  12/9/2016    EUR     71.23
HSBC Trinkaus & Burkhar    7.10  3/24/2017    EUR     57.88
HSBC Trinkaus & Burkhar    8.20 12/23/2016    EUR     39.87
HSBC Trinkaus & Burkhar    6.70  3/24/2017    EUR     42.47
HSBC Trinkaus & Burkhar    9.60 12/23/2016    EUR     59.47
HSBC Trinkaus & Burkhar    6.70  3/24/2017    EUR     62.66
Vontobel Financial Prod    5.25  12/9/2016    EUR     73.96
Leonteq Securities AG      3.00   8/7/2018    CHF     74.34
DekaBank Deutsche Giroz    2.50  7/14/2017    EUR     69.86
Landesbank Baden-Wuertt    2.60  2/24/2017    EUR     45.68
UBS AG/London              6.25  7/24/2017    CHF     68.59
Landesbank Baden-Wuertt    2.60  8/23/2019    EUR     51.70
DekaBank Deutsche Giroz    2.75  6/28/2019    EUR     64.05
Bayerische Landesbank      3.70  10/7/2016    EUR     46.28
Vontobel Financial Prod    6.80  1/27/2017    EUR     69.27
DZ Bank AG Deutsche Zen    5.25 12/23/2016    EUR     60.70
National Developing Co    15.00  7/19/2018    RUB     60.30
Landesbank Baden-Wuertt    4.10  3/24/2017    EUR     53.58
Vontobel Financial Prod    8.50 12/23/2016    EUR     68.39
Vontobel Financial Prod   10.50 12/23/2016    EUR     44.52
BNP Paribas Emissions-     5.00 12/22/2016    EUR     64.27
BNP Paribas Emissions-     6.00  6/22/2017    EUR     68.37
Goldman Sachs & Co Wert    8.00 10/26/2016    EUR     44.22
Notenstein La Roche Pri    3.10  8/14/2019    CHF     74.44
Vontobel Financial Prod   24.00 12/23/2016    EUR     69.18
Bayerische Landesbank      2.50  8/31/2018    EUR     66.40
Vontobel Financial Prod   14.45 12/23/2016    EUR     59.13
Vontobel Financial Prod   15.15 12/23/2016    EUR     68.83
Vontobel Financial Prod    6.50 12/23/2016    EUR     47.16
HSBC Trinkaus & Burkhar    6.90 12/23/2016    EUR     56.52
Vontobel Financial Prod    3.10   1/2/2017    EUR     54.91
WGZ-Bank AG Westdeutsch    6.50  9/29/2016    EUR     71.14
Vontobel Financial Prod   10.00 12/23/2016    EUR     56.90
DZ Bank AG Deutsche Zen    5.60 12/19/2016    EUR     57.57
DZ Bank AG Deutsche Zen    6.50 12/19/2016    EUR     54.19
DZ Bank AG Deutsche Zen    5.70 12/19/2016    EUR     73.48
Zurcher Kantonalbank Fi    7.50  2/27/2017    EUR     71.65
Vontobel Financial Prod   15.00 12/23/2016    EUR     74.55
Vontobel Financial Prod   10.50 12/23/2016    EUR     67.89
Bayerische Landesbank      2.70   8/3/2018    EUR     69.25
Landesbank Baden-Wuertt    2.50 12/23/2016    EUR     51.67
Landesbank Baden-Wuertt    4.00 12/23/2016    EUR     74.21
WGZ-Bank AG Westdeutsch    3.25  9/27/2016    EUR     56.97
Vontobel Financial Prod    2.05 12/12/2016    EUR     68.39
UBS AG/London              8.50   1/3/2017    CHF     59.13
Leonteq Securities AG      5.00   9/4/2018    CHF     55.04
Leonteq Securities AG     10.00  12/8/2016    CHF     74.84
Vontobel Financial Prod    8.50 12/23/2016    EUR     71.01
Deutsche Bank AG           3.20 11/23/2016    EUR     60.40
Deutsche Bank AG           3.20 10/26/2016    EUR     44.00
Deutsche Bank AG           3.20 11/23/2016    EUR     47.90
Deutsche Bank AG           3.20 12/20/2016    EUR     48.20
Deutsche Bank AG           3.20 11/23/2016    EUR     44.30
Deutsche Bank AG           3.20 11/23/2016    EUR     46.00
Deutsche Bank AG           3.20 12/20/2016    EUR     63.60
Deutsche Bank AG           3.20 11/23/2016    EUR     63.40
Vontobel Financial Prod   10.50 12/23/2016    EUR     67.27
Deutsche Bank AG           3.20 11/23/2016    EUR     73.70
Deutsche Bank AG           3.20 12/20/2016    EUR     73.80
Deutsche Bank AG           3.20 10/26/2016    EUR     59.50
Deutsche Bank AG           3.20 10/26/2016    EUR     62.60
Deutsche Bank AG           3.20 11/23/2016    EUR     59.70
Deutsche Bank AG           4.20 10/26/2016    EUR     73.70
Deutsche Bank AG           4.20 10/26/2016    EUR     45.90
Deutsche Bank AG           4.20 10/26/2016    EUR     57.50
Deutsche Bank AG           4.20 10/26/2016    EUR     60.20
Deutsche Bank AG           4.20 11/23/2016    EUR     60.50
Deutsche Bank AG           4.20 11/23/2016    EUR     44.40
Deutsche Bank AG           4.20 11/23/2016    EUR     57.80
Deutsche Bank AG           8.20 10/26/2016    EUR     54.60
Deutsche Bank AG           8.20 10/26/2016    EUR     68.40
Deutsche Bank AG           8.20 12/20/2016    EUR     72.20
Goldman Sachs & Co Wert   13.00 12/21/2016    EUR     55.64
Deutsche Bank AG           8.20 11/23/2016    EUR     42.00
Deutsche Bank AG           8.20 12/20/2016    EUR     55.80
Deutsche Bank AG           8.20 10/26/2016    EUR     53.10
Deutsche Bank AG           8.20 12/20/2016    EUR     59.10
Deutsche Bank AG           4.20 10/26/2016    EUR     62.70
Deutsche Bank AG           8.20 11/23/2016    EUR     69.00
Deutsche Bank AG           8.20 12/20/2016    EUR     42.60
Deutsche Bank AG           8.20 12/20/2016    EUR     69.60
Deutsche Bank AG           4.20 12/20/2016    EUR     60.20
Deutsche Bank AG           8.20 11/23/2016    EUR     69.00
Notenstein La Roche Pri    7.20   9/4/2017    CHF     74.74
Vontobel Financial Prod    7.50 12/23/2016    EUR     73.42
UniCredit Bank AG          4.75 12/22/2016    EUR     51.32
DekaBank Deutsche Giroz    3.00  5/13/2019    EUR     74.48
Bayerische Landesbank      2.70  6/22/2018    EUR     65.75
Notenstein La Roche Pri    3.30   6/5/2019    CHF     74.82
BNP Paribas Emissions-     4.00 12/22/2016    EUR     51.27
BNP Paribas Emissions-     5.00 12/22/2016    EUR     64.41
BNP Paribas Emissions-    10.00 12/22/2016    EUR     55.05
BNP Paribas Emissions-    10.00 12/22/2016    EUR     67.32
BNP Paribas Emissions-    10.00 12/22/2016    EUR     67.91
BNP Paribas Emissions-    10.00 12/22/2016    EUR     37.97
HSBC Trinkaus & Burkhar    6.70 12/23/2016    EUR     74.94
BNP Paribas Emissions-     9.00 12/22/2016    EUR     52.81
Notenstein La Roche Pri    6.00 11/29/2016    EUR     54.50
Notenstein La Roche Pri    4.00  5/29/2017    CHF     69.35
UniCredit Bank AG          4.00 12/22/2016    EUR     67.88
UniCredit Bank AG          4.00 12/22/2016    EUR     70.43
Credit Suisse AG/Nassau    7.25  12/5/2016    CHF     68.84
Notenstein La Roche Pri    3.90  8/21/2018    CHF     74.88
DekaBank Deutsche Giroz    2.60  6/23/2017    EUR     60.53
Credit Suisse AG/Nassau    7.55 11/28/2016    CHF     39.36
Goldman Sachs & Co Wert    9.00 12/21/2016    EUR     63.83
Goldman Sachs & Co Wert    8.00  3/22/2017    EUR     72.72
UBS AG                     7.40  5/17/2021    CHF     66.70
Leonteq Securities AG      9.92  5/29/2017    EUR     57.68
Notenstein La Roche Pri    4.30   6/5/2019    CHF     67.61
Notenstein La Roche Pri    6.70  12/5/2016    CHF     57.20
Leonteq Securities AG     13.00 11/14/2016    CHF     74.03
Vontobel Financial Prod    4.00  12/9/2016    EUR     60.85
Vontobel Financial Prod    6.45  12/9/2016    EUR     73.38
Vontobel Financial Prod    7.05  12/9/2016    EUR     71.90
UBS AG                     4.50 11/11/2016    EUR     74.02
Vontobel Financial Prod    4.85  12/9/2016    EUR     44.58
Vontobel Financial Prod    7.65  12/9/2016    EUR     40.62
UBS AG                     4.50 11/11/2016    EUR     63.63
Notenstein La Roche Pri    6.30  8/28/2017    CHF     73.24
DZ Bank AG Deutsche Zen    6.50 12/19/2016    EUR     49.82
DZ Bank AG Deutsche Zen    7.50 12/19/2016    EUR     64.26
DZ Bank AG Deutsche Zen    9.50 12/23/2016    EUR     55.85
DZ Bank AG Deutsche Zen    3.60  9/15/2017    EUR     53.92
UniCredit Bank AG          4.25 12/22/2016    EUR     50.40
UniCredit Bank AG          4.00 12/22/2016    EUR     51.44
UniCredit Bank AG          5.00 12/22/2016    EUR     47.54
UniCredit Bank AG          4.50 12/22/2016    EUR     49.41
UniCredit Bank AG          4.75 12/22/2016    EUR     48.46
UniCredit Bank AG          4.00 12/22/2016    EUR     72.78
Leonteq Securities AG      5.60  9/11/2017    CHF     55.14
Societe Generale Effekt    6.16 12/23/2016    EUR     55.45
HSBC Trinkaus & Burkhar   11.80 12/23/2016    EUR     60.19
HSBC Trinkaus & Burkhar    7.20 12/23/2016    EUR     68.11
HSBC Trinkaus & Burkhar    7.80  3/24/2017    EUR     66.68
HSBC Trinkaus & Burkhar    7.00 12/23/2016    EUR     49.03
HSBC Trinkaus & Burkhar    8.70 10/28/2016    EUR     46.25
HSBC Trinkaus & Burkhar    6.20 10/28/2016    EUR     49.98
HSBC Trinkaus & Burkhar   10.40 12/23/2016    EUR     68.73
HSBC Trinkaus & Burkhar    8.30 12/23/2016    EUR     72.10
EFG International Finan    6.21  7/22/2019    EUR     59.83
Vontobel Financial Prod    5.40   6/9/2017    EUR     74.69
Goldman Sachs & Co Wert    7.00  3/22/2017    EUR     73.06
Goldman Sachs & Co Wert   11.00  6/21/2017    EUR     64.17
Goldman Sachs & Co Wert   10.00  6/21/2017    EUR     67.16
DZ Bank AG Deutsche Zen    5.50 12/19/2016    EUR     51.30
DZ Bank AG Deutsche Zen    7.20 12/19/2016    EUR     48.50
DZ Bank AG Deutsche Zen    8.20 12/19/2016    EUR     62.45
UniCredit Bank AG          4.00 12/22/2016    EUR     55.48
UniCredit Bank AG          6.00 12/22/2016    EUR     67.29
UniCredit Bank AG          5.00 12/22/2016    EUR     53.47
UniCredit Bank AG          4.75 12/22/2016    EUR     53.96
UniCredit Bank AG          5.00 12/22/2016    EUR     69.91
DZ Bank AG Deutsche Zen    6.00 12/19/2016    EUR     72.70
DZ Bank AG Deutsche Zen    8.25 12/19/2016    EUR     74.89
DZ Bank AG Deutsche Zen    7.50 12/19/2016    EUR     45.95
Bayerische Landesbank      3.00  10/5/2018    EUR     56.13
Deutsche Bank AG           7.50 12/20/2016    EUR     66.65
Deutsche Bank AG           5.50 12/20/2016    EUR     38.89
Deutsche Bank AG           7.50 12/20/2016    EUR     60.78
HSBC Trinkaus & Burkhar   10.20 12/23/2016    EUR     62.53
HSBC Trinkaus & Burkhar    9.10 10/28/2016    EUR     63.89
HSBC Trinkaus & Burkhar    7.50  3/24/2017    EUR     49.13
HSBC Trinkaus & Burkhar   11.10 12/23/2016    EUR     73.42
DekaBank Deutsche Giroz    2.70  7/15/2019    EUR     74.35
Goldman Sachs & Co Wert    7.00 12/21/2016    EUR     71.62
Goldman Sachs & Co Wert   10.00  3/22/2017    EUR     65.91
Goldman Sachs & Co Wert   12.00  3/22/2017    EUR     63.07
Vontobel Financial Prod   10.00 12/23/2016    EUR     60.42
Vontobel Financial Prod    8.10 12/23/2016    EUR     62.94
Goldman Sachs & Co Wert    5.00 12/21/2016    EUR     48.44
Goldman Sachs & Co Wert    6.00 12/21/2016    EUR     46.79
Goldman Sachs & Co Wert   10.00 12/21/2016    EUR     41.48
Goldman Sachs & Co Wert    8.00 12/21/2016    EUR     65.58
Goldman Sachs & Co Wert   10.00 12/21/2016    EUR     61.62
Goldman Sachs & Co Wert   14.00 12/21/2016    EUR     72.29
Goldman Sachs & Co Wert    9.00 12/21/2016    EUR     73.16
Goldman Sachs & Co Wert   17.00 12/21/2016    EUR     59.60
Goldman Sachs & Co Wert    7.00  3/22/2017    EUR     72.20
Goldman Sachs & Co Wert   10.00  3/22/2017    EUR     61.86
Vontobel Financial Prod   17.30 12/23/2016    EUR     70.78
Vontobel Financial Prod   15.60 12/23/2016    EUR     47.78
Landesbank Baden-Wuertt    2.80  6/22/2018    EUR     73.53
Leonteq Securities AG      3.00   7/8/2019    CHF     71.82
DekaBank Deutsche Giroz    2.65   8/4/2017    EUR     73.04
UniCredit Bank AG          4.40  7/13/2018    EUR     47.45
DZ Bank AG Deutsche Zen    5.75 12/23/2016    EUR     69.57
BNP Paribas Emissions-     3.00 12/22/2016    EUR     53.68
BNP Paribas Emissions-     6.00 12/22/2016    EUR     72.72
BNP Paribas Emissions-     9.50 12/22/2016    EUR     63.91
BNP Paribas Emissions-     7.50 12/22/2016    EUR     56.29
BNP Paribas Emissions-    10.00 12/22/2016    EUR     74.69
BNP Paribas Emissions-    12.00 12/22/2016    EUR     71.73
BNP Paribas Emissions-    12.00 12/22/2016    EUR     33.36
Deutsche Bank AG           5.20 12/20/2016    EUR     64.10
Deutsche Bank AG           6.20 12/20/2016    EUR     64.30
Deutsche Bank AG           4.20 12/20/2016    EUR     43.10
BNP Paribas Emissions-     5.50 12/22/2016    EUR     62.41
Deutsche Bank AG           5.20 12/20/2016    EUR     70.90
Deutsche Bank AG           6.20 12/20/2016    EUR     71.20
Deutsche Bank AG           6.20 12/20/2016    EUR     67.30
BNP Paribas Emissions-     6.00 12/22/2016    EUR     68.80
BNP Paribas Emissions-     9.00 12/22/2016    EUR     62.02
Deutsche Bank AG           5.20  3/21/2017    EUR     72.70
BNP Paribas Emissions-     5.00 12/22/2016    EUR     64.27
BNP Paribas Emissions-     7.00 12/22/2016    EUR     59.03
BNP Paribas Emissions-     9.00 12/22/2016    EUR     54.72
Deutsche Bank AG           5.20  3/21/2017    EUR     59.60
Deutsche Bank AG           5.20  3/21/2017    EUR     44.70
Deutsche Bank AG           7.20  3/21/2017    EUR     44.20
BNP Paribas Emissions-     4.00 12/22/2016    EUR     48.33
Deutsche Bank AG           5.20  3/21/2017    EUR     40.50
BNP Paribas Emissions-     6.50 12/22/2016    EUR     43.65
Deutsche Bank AG           7.20  3/21/2017    EUR     70.90
Deutsche Bank AG           7.20  3/21/2017    EUR     73.60
BNP Paribas Emissions-     7.00 12/22/2016    EUR     68.91
BNP Paribas Emissions-    12.00 12/22/2016    EUR     72.96
BNP Paribas Emissions-     6.00 12/22/2016    EUR     67.83
Deutsche Bank AG           5.20  3/21/2017    EUR     72.10
Deutsche Bank AG           7.20  3/21/2017    EUR     69.30
Deutsche Bank AG           5.20 10/26/2016    EUR     70.70
Deutsche Bank AG           5.20 11/23/2016    EUR     71.10
Deutsche Bank AG           7.20 10/26/2016    EUR     57.80
Deutsche Bank AG           7.20 11/23/2016    EUR     64.00
Deutsche Bank AG           7.20 10/26/2016    EUR     42.80
Deutsche Bank AG           5.20 10/26/2016    EUR     41.10
Deutsche Bank AG           7.20 11/23/2016    EUR     43.30
Deutsche Bank AG           7.20 11/23/2016    EUR     41.80
Deutsche Bank AG           7.20 11/23/2016    EUR     40.40
Deutsche Bank AG           7.20 11/23/2016    EUR     39.10
Raiffeisen Centrobank A    9.07  3/22/2017    EUR     67.12
Raiffeisen Centrobank A    6.24  3/22/2017    EUR     69.81
Vontobel Financial Prod    8.35 12/23/2016    EUR     66.95
Landesbank Baden-Wuertt    3.75 12/23/2016    EUR     60.24
Leonteq Securities AG     10.00 11/21/2016    CHF     61.74
Vontobel Financial Prod    4.85 12/23/2016    EUR     48.94
Vontobel Financial Prod    8.35 12/23/2016    EUR     45.62
UBS AG/London              9.40  6/30/2017    EUR     38.34
HSBC Trinkaus & Burkhar    7.00 12/23/2016    EUR     43.78
HSBC Trinkaus & Burkhar    6.40 12/23/2016    EUR     70.49
HSBC Trinkaus & Burkhar    6.50 12/23/2016    EUR     58.34
DZ Bank AG Deutsche Zen    8.25 12/23/2016    EUR     61.43
WGZ-Bank AG Westdeutsch    5.00  9/29/2016    EUR     74.66
Vontobel Financial Prod    7.65 12/23/2016    EUR     60.37
Credit Suisse AG/Nassau    7.50  1/10/2017    CHF     73.08
DZ Bank AG Deutsche Zen    6.70 12/19/2016    EUR     74.30
DZ Bank AG Deutsche Zen    5.10 12/19/2016    EUR     73.49
Vontobel Financial Prod    8.00 12/23/2016    EUR     72.96
Zurcher Kantonalbank Fi    9.00  7/17/2017    EUR     66.98
DZ Bank AG Deutsche Zen    6.25 12/23/2016    EUR     49.83
Landesbank Baden-Wuertt    4.00 12/23/2016    EUR     62.65
Landesbank Baden-Wuertt    2.50 12/23/2016    EUR     73.36
Landesbank Baden-Wuertt    3.50 12/23/2016    EUR     69.62
Landesbank Baden-Wuertt    3.00 12/23/2016    EUR     65.71
Landesbank Baden-Wuertt    3.50 12/23/2016    EUR     64.93
WGZ-Bank AG Westdeutsch    2.50  9/27/2016    EUR     59.63
UBS AG/London              7.50   7/3/2017    EUR     56.88
WGZ-Bank AG Westdeutsch    4.00 12/19/2016    EUR     70.23
Banque Cantonale Vaudoi    7.25   7/3/2017    CHF     54.98
Leonteq Securities AG     10.00  12/8/2016    EUR     74.71
Deutsche Bank AG           3.20 12/20/2016    EUR     60.60
Deutsche Bank AG           3.20 12/20/2016    EUR     44.50
Deutsche Bank AG           3.20 12/20/2016    EUR     57.90
Deutsche Bank AG           3.20 12/20/2016    EUR     46.30
Deutsche Bank AG           3.20 10/26/2016    EUR     45.80
Deutsche Bank AG           3.20 10/26/2016    EUR     47.70
Vontobel Financial Prod   10.15 12/23/2016    EUR     67.86
Deutsche Bank AG           3.20 11/23/2016    EUR     62.90
Deutsche Bank AG           3.20 10/26/2016    EUR     66.10
Deutsche Bank AG           4.20 12/20/2016    EUR     74.10
Deutsche Bank AG           4.20 12/20/2016    EUR     60.90
Deutsche Bank AG           4.20 11/23/2016    EUR     46.20
Deutsche Bank AG           4.20 12/20/2016    EUR     44.80
Deutsche Bank AG           4.20 12/20/2016    EUR     46.50
Deutsche Bank AG           4.20 12/20/2016    EUR     68.50
Goldman Sachs & Co Wert   16.00 12/21/2016    EUR     64.69
Deutsche Bank AG           8.20 12/20/2016    EUR     54.30
Deutsche Bank AG           8.20 10/26/2016    EUR     65.80
Deutsche Bank AG           8.20 10/26/2016    EUR     41.40
Goldman Sachs & Co Wert   16.00 12/21/2016    EUR     67.75
Deutsche Bank AG           8.20 10/26/2016    EUR     68.40
Deutsche Bank AG           4.20 12/20/2016    EUR     63.30
Deutsche Bank AG           4.20 10/26/2016    EUR     59.60
Deutsche Bank AG           8.20 12/20/2016    EUR     61.40
Deutsche Bank AG           8.20 11/23/2016    EUR     55.20
UBS AG                     5.50 10/14/2016    EUR     73.34
WGZ-Bank AG Westdeutsch    6.00  9/30/2016    EUR     74.46
UniCredit Bank AG          6.00 12/22/2016    EUR     74.72
DekaBank Deutsche Giroz    3.10  5/11/2018    EUR     74.81
DekaBank Deutsche Giroz    2.80  5/13/2019    EUR     58.84
Vontobel Financial Prod    5.00  9/30/2016    EUR     56.39
UniCredit Bank AG          4.30 12/22/2016    EUR     73.97
BNP Paribas Emissions-    12.00 12/22/2016    EUR     69.00
BNP Paribas Emissions-     7.00 12/22/2016    EUR     72.25
BNP Paribas Emissions-     6.00 12/22/2016    EUR     44.15
HSBC Trinkaus & Burkhar    8.10 12/23/2016    EUR     41.15
BNP Paribas Emissions-    10.00 12/22/2016    EUR     61.93
HSBC Trinkaus & Burkhar    8.80 12/23/2016    EUR     68.68
BNP Paribas Emissions-     9.00 12/22/2016    EUR     40.03
Zurcher Kantonalbank Fi    3.80  5/22/2017    EUR     56.42
UniCredit Bank AG          4.00 12/22/2016    EUR     61.11
UniCredit Bank AG          4.00 12/22/2016    EUR     66.10
UniCredit Bank AG          4.00 12/22/2016    EUR     54.16
UniCredit Bank AG          4.00 12/22/2016    EUR     63.33
DekaBank Deutsche Giroz    4.10  6/20/2017    EUR     62.86
DekaBank Deutsche Giroz    5.60 11/21/2016    EUR     72.63
Goldman Sachs & Co Wert   17.00 12/21/2016    EUR     72.55
Goldman Sachs & Co Wert   15.00 12/21/2016    EUR     62.97
Goldman Sachs & Co Wert    9.00  6/21/2017    EUR     66.92
Goldman Sachs & Co Wert   13.00  6/21/2017    EUR     61.44
Credit Suisse AG/Nassau    7.50  12/5/2016    CHF     55.10
Landesbank Baden-Wuertt    2.80 12/23/2016    EUR     51.74
Notenstein La Roche Pri    4.10  8/14/2018    CHF     70.07
Bayerische Landesbank      2.90  6/22/2018    EUR     51.60
Notenstein La Roche Pri    4.10   6/5/2019    CHF     68.94
BNP Paribas Emissions-     6.50 12/22/2016    EUR     62.34
BNP Paribas Emissions-    12.00 12/22/2016    EUR     72.93
HSBC Trinkaus & Burkhar    7.10 12/23/2016    EUR     54.29
HSBC Trinkaus & Burkhar    7.20 12/23/2016    EUR     73.96
BNP Paribas Emissions-     7.00 12/22/2016    EUR     67.83
BNP Paribas Emissions-     4.00 12/22/2016    EUR     60.08
BNP Paribas Emissions-    12.00 12/22/2016    EUR     58.71
BNP Paribas Emissions-     4.50 12/22/2016    EUR     67.44
BNP Paribas Emissions-    11.00 12/22/2016    EUR     38.13
BNP Paribas Emissions-     9.00 12/22/2016    EUR     74.47
Notenstein La Roche Pri    5.80  5/29/2017    CHF     69.77
Credit Suisse AG/Nassau    6.00  12/2/2016    EUR     53.10
UniCredit Bank AG          4.00 12/22/2016    EUR     74.78
UBS AG/London              7.00  5/22/2017    CHF     55.12
Landesbank Baden-Wuertt    2.50 12/22/2017    EUR     69.43
Notenstein La Roche Pri    7.00  8/14/2017    CHF     70.06
Leonteq Securities AG      5.20  8/14/2018    CHF     60.39
UBS AG/London              8.00  5/26/2017    EUR     42.79
Notenstein La Roche Pri    5.80   6/5/2018    CHF     72.38
UBS AG/London              7.50 11/28/2016    EUR     50.46
Notenstein La Roche Pri    6.30  2/14/2017    CHF     50.42
Notenstein La Roche Pri    6.20  2/14/2017    CHF     68.82
Vontobel Financial Prod    5.90  12/9/2016    EUR     69.15
Vontobel Financial Prod    8.70  12/9/2016    EUR     64.34
Leonteq Securities AG     10.40 11/14/2016    EUR     61.84
Notenstein La Roche Pri    6.00 11/21/2016    CHF     66.63
BNP Paribas Emissions-    11.00 12/22/2016    EUR     53.59
BNP Paribas Emissions-     4.50 12/22/2016    EUR     66.92
BNP Paribas Emissions-     8.00 12/22/2016    EUR     70.10
BNP Paribas Emissions-     9.00 12/22/2016    EUR     69.00
BNP Paribas Emissions-    10.00 12/22/2016    EUR     72.93
HSBC Trinkaus & Burkhar    7.40 12/23/2016    EUR     72.16
BNP Paribas Emissions-     4.50 12/22/2016    EUR     73.23
BNP Paribas Emissions-     7.50 12/22/2016    EUR     66.17
BNP Paribas Emissions-     9.50 12/22/2016    EUR     63.34
BNP Paribas Emissions-     7.00 12/22/2016    EUR     74.77
BNP Paribas Emissions-     8.50 12/22/2016    EUR     56.89
BNP Paribas Emissions-    11.00 12/22/2016    EUR     53.09
BNP Paribas Emissions-     7.00 12/22/2016    EUR     42.27
UniCredit Bank AG          4.00 12/22/2016    EUR     69.14
UniCredit Bank AG          4.00 12/22/2016    EUR     72.39
Notenstein La Roche Pri    8.22 11/25/2016    EUR     55.32
Goldman Sachs & Co Wert   13.00  3/22/2017    EUR     65.76
EFG International Finan    2.67  6/26/2018    CHF     74.31
Leonteq Securities AG     10.00 11/14/2016    CHF     39.47
Leonteq Securities AG      8.00 11/14/2016    CHF     68.76
UBS AG/London              8.25   8/7/2017    EUR     66.10
Vontobel Financial Prod    8.10  12/9/2016    EUR     74.92
Vontobel Financial Prod    4.05  12/9/2016    EUR     46.17
Vontobel Financial Prod   12.50 12/23/2016    EUR     72.84
Vontobel Financial Prod    9.80 12/23/2016    EUR     59.09
Vontobel Financial Prod   11.50 11/22/2016    EUR     69.86
Vontobel Financial Prod   15.00 12/23/2016    EUR     70.19
HSBC Trinkaus & Burkhar    7.60 12/23/2016    EUR     61.27
HSBC Trinkaus & Burkhar    9.20 12/23/2016    EUR     64.11
EFG International Finan    7.20  6/26/2017    GBP     43.03
Leonteq Securities AG      4.68  10/7/2016    EUR     72.62
DZ Bank AG Deutsche Zen    7.30 12/19/2016    EUR     42.50
DZ Bank AG Deutsche Zen    6.80 12/19/2016    EUR     71.36
Vontobel Financial Prod    8.00 12/23/2016    EUR     72.29
Zurcher Kantonalbank Fi    8.50  7/17/2017    CHF     57.68
Leonteq Securities AG      8.00 10/13/2016    CHF     69.38
Landesbank Baden-Wuertt    3.50 12/23/2016    EUR     48.88
Landesbank Baden-Wuertt    3.00 12/23/2016    EUR     65.57
Landesbank Baden-Wuertt    2.55  2/24/2017    EUR     54.79
Landesbank Baden-Wuertt    2.00 12/23/2016    EUR     69.63
Landesbank Baden-Wuertt    4.00 12/23/2016    EUR     62.74
WGZ-Bank AG Westdeutsch    3.50   2/7/2017    EUR     72.05
Landesbank Baden-Wuertt    2.50 12/23/2016    EUR     68.41
WGZ-Bank AG Westdeutsch    4.25  9/27/2016    EUR     54.72
WGZ-Bank AG Westdeutsch    5.00  9/27/2016    EUR     52.46
WGZ-Bank AG Westdeutsch    6.00  9/27/2016    EUR     50.58
Leonteq Securities AG      9.00  12/8/2016    CHF     53.81
Deutsche Bank AG           3.20 10/26/2016    EUR     63.10
Deutsche Bank AG           3.20 10/26/2016    EUR     60.10
Deutsche Bank AG           3.20 10/26/2016    EUR     57.40
Deutsche Bank AG           3.20 11/23/2016    EUR     57.70
Deutsche Bank AG           3.20 10/26/2016    EUR     64.90
Deutsche Bank AG           3.20 12/20/2016    EUR     71.50
Deutsche Bank AG           3.20 12/20/2016    EUR     63.10
Deutsche Bank AG           3.20 12/20/2016    EUR     66.60
Deutsche Bank AG           3.20 12/20/2016    EUR     60.00
Deutsche Bank AG           3.20 11/23/2016    EUR     66.30
Deutsche Bank AG           4.20 11/23/2016    EUR     73.90
Deutsche Bank AG           4.20 10/26/2016    EUR     44.10
Deutsche Bank AG           8.20 11/23/2016    EUR     53.70
Deutsche Bank AG           8.20 11/23/2016    EUR     71.60
Deutsche Bank AG           4.20 11/23/2016    EUR     59.90
Deutsche Bank AG           8.20 11/23/2016    EUR     66.40
Deutsche Bank AG           4.20 11/23/2016    EUR     63.00
Deutsche Bank AG           8.20 10/26/2016    EUR     71.00
UBS AG                     5.50 10/14/2016    EUR     64.30
Goldman Sachs & Co Wert   15.00 12/21/2016    EUR     60.66
Goldman Sachs & Co Wert   14.00 12/21/2016    EUR     66.13
Goldman Sachs & Co Wert    7.00 12/21/2016    EUR     59.00
Goldman Sachs & Co Wert   14.00 12/21/2016    EUR     67.24
Goldman Sachs & Co Wert   15.00 12/21/2016    EUR     36.90
Goldman Sachs & Co Wert   14.00 12/21/2016    EUR     49.58
Goldman Sachs & Co Wert   15.00 12/21/2016    EUR     73.20
Goldman Sachs & Co Wert   15.00 12/21/2016    EUR     60.86
Goldman Sachs & Co Wert   16.00 12/21/2016    EUR     74.22
Notenstein La Roche Pri    4.30  8/21/2018    CHF     73.79
Notenstein La Roche Pri    6.80  2/21/2017    CHF     72.08
Bank Julius Baer & Co L    7.50 12/23/2016    CHF     53.15
Vontobel Financial Prod   15.15 12/23/2016    EUR     60.70
Landesbank Hessen-Thuer    3.15 10/10/2016    EUR     48.70
Raiffeisen Centrobank A    9.50  7/13/2017    EUR     73.24
Bayerische Landesbank      2.40  7/20/2018    EUR     52.60
DZ Bank AG Deutsche Zen    5.75 12/23/2016    EUR     39.82
Vontobel Financial Prod    6.25  12/2/2016    EUR     69.82
BNP Paribas Emissions-     8.00 12/22/2016    EUR     47.63
BNP Paribas Emissions-     7.00 12/22/2016    EUR     70.30
BNP Paribas Emissions-     9.00 12/22/2016    EUR     65.96
BNP Paribas Emissions-     3.50 12/22/2016    EUR     66.69
BNP Paribas Emissions-     6.00 12/22/2016    EUR     58.91
BNP Paribas Emissions-     9.50 12/22/2016    EUR     53.24
BNP Paribas Emissions-     9.00 12/22/2016    EUR     72.71
BNP Paribas Emissions-     8.00 12/22/2016    EUR     37.51
BNP Paribas Emissions-     4.00 12/22/2016    EUR     67.14
BNP Paribas Emissions-     6.00 12/22/2016    EUR     61.00
Deutsche Bank AG           6.20 12/20/2016    EUR     69.00
Deutsche Bank AG           4.20 12/20/2016    EUR     75.00
Deutsche Bank AG           4.20 12/20/2016    EUR     70.70
BNP Paribas Emissions-     6.00 12/22/2016    EUR     66.39
BNP Paribas Emissions-     7.50 12/22/2016    EUR     56.66
BNP Paribas Emissions-     6.00 12/22/2016    EUR     60.55
Deutsche Bank AG           7.20  3/21/2017    EUR     60.60
BNP Paribas Emissions-     9.50 12/22/2016    EUR     74.41
Deutsche Bank AG           5.20  3/21/2017    EUR     46.30
Deutsche Bank AG           7.20  3/21/2017    EUR     45.70
Deutsche Bank AG           5.20  3/21/2017    EUR     43.20
Deutsche Bank AG           7.20  3/21/2017    EUR     42.80
Deutsche Bank AG           5.20  3/21/2017    EUR     41.80
BNP Paribas Emissions-     6.00 12/22/2016    EUR     45.15
Deutsche Bank AG           5.20  3/21/2017    EUR     64.40
BNP Paribas Emissions-     6.00 12/22/2016    EUR     72.38
BNP Paribas Emissions-     7.00 12/22/2016    EUR     63.72
BNP Paribas Emissions-     5.00 12/22/2016    EUR     73.54
Deutsche Bank AG           5.20  3/21/2017    EUR     68.30
Deutsche Bank AG           7.20 11/23/2016    EUR     74.20
Deutsche Bank AG           7.20 10/26/2016    EUR     63.50
Deutsche Bank AG           5.20 10/26/2016    EUR     57.60
Deutsche Bank AG           7.20 11/23/2016    EUR     58.30
Deutsche Bank AG           5.20 11/23/2016    EUR     58.00
Deutsche Bank AG           5.20 10/26/2016    EUR     44.20
Deutsche Bank AG           5.20 10/26/2016    EUR     42.60
Deutsche Bank AG           7.20 10/26/2016    EUR     41.30
Deutsche Bank AG           7.20 10/26/2016    EUR     39.90
Deutsche Bank AG           5.20 10/26/2016    EUR     39.70
Deutsche Bank AG           5.20 10/26/2016    EUR     38.40
Deutsche Bank AG           5.20 11/23/2016    EUR     44.60
Raiffeisen Centrobank A    9.07  3/22/2017    EUR     64.43
Raiffeisen Centrobank A    7.37  3/22/2017    EUR     64.19
Deutsche Bank AG           5.20 10/26/2016    EUR     70.80
Deutsche Bank AG           7.20 10/26/2016    EUR     71.10
Deutsche Bank AG           5.20 11/23/2016    EUR     71.10
Vontobel Financial Prod    7.50 12/12/2016    EUR     53.27
BNP Paribas Emissions-     3.25 11/24/2017    EUR     62.46
Landesbank Hessen-Thuer    8.90  10/6/2020    EUR     59.59
Leonteq Securities AG/G    6.84   2/6/2017    EUR     74.59
Landesbank Baden-Wuertt    3.50  7/27/2018    EUR     47.55
Landesbank Baden-Wuertt    3.40  9/28/2018    EUR     51.11
UBS AG                     3.60  12/9/2016    EUR     61.49
UBS AG                     2.60  12/9/2016    EUR     65.06
UBS AG                     2.90  12/9/2016    EUR     48.49
Landesbank Baden-Wuertt    3.50  6/23/2017    EUR     68.38
Landesbank Baden-Wuertt    5.50  6/23/2017    EUR     57.13
Landesbank Baden-Wuertt    2.50  6/23/2017    EUR     52.41
Landesbank Baden-Wuertt    4.00  6/23/2017    EUR     48.16
Landesbank Baden-Wuertt    5.50  6/23/2017    EUR     45.50
Landesbank Baden-Wuertt    2.50  6/23/2017    EUR     65.59
Landesbank Baden-Wuertt    3.50  6/23/2017    EUR     62.35
Landesbank Baden-Wuertt    5.00  6/23/2017    EUR     66.51
Landesbank Baden-Wuertt    6.00  6/23/2017    EUR     56.87
Notenstein La Roche Pri    5.80 12/12/2016    CHF     73.44
UniCredit Bank AG          4.00 12/22/2016    EUR     53.24
UniCredit Bank AG          4.00 12/22/2016    EUR     52.72
Notenstein La Roche Pri    8.02  8/11/2017    EUR     64.24
UniCredit Bank AG          4.00 12/22/2016    EUR     51.22
UniCredit Bank AG          4.00 12/22/2016    EUR     53.80
UniCredit Bank AG          4.00 12/22/2016    EUR     70.89
HSBC Trinkaus & Burkhar    7.10 12/23/2016    EUR     56.75
Vontobel Financial Prod    4.30 12/23/2016    EUR     74.08
Vontobel Financial Prod    5.35 12/23/2016    EUR     58.61
Societe Generale Effekt    4.79 10/10/2016    EUR     52.46
Societe Generale Effekt    8.26 10/10/2016    EUR     37.81
Societe Generale Effekt    5.73 10/10/2016    EUR     64.04
DekaBank Deutsche Giroz    2.80  7/22/2019    EUR     65.83
Bayerische Landesbank      2.70  7/13/2018    EUR     64.49
Goldman Sachs & Co Wert    8.00 12/21/2016    EUR     72.19
Goldman Sachs & Co Wert    5.00 12/21/2016    EUR     64.27
Goldman Sachs & Co Wert    9.00 12/21/2016    EUR     54.71
Goldman Sachs & Co Wert   10.00 12/21/2016    EUR     74.44
Goldman Sachs & Co Wert    8.00 12/21/2016    EUR     43.90
Notenstein La Roche Pri    6.20  2/21/2017    EUR     68.57
EFG International Finan   11.12 12/12/2016    USD     58.79
Vontobel Financial Prod   16.30 12/23/2016    EUR     64.33
Vontobel Financial Prod   16.35 12/23/2016    EUR     33.75
Vontobel Financial Prod   15.25 12/23/2016    EUR     73.95
Vontobel Financial Prod    5.35 12/16/2016    EUR     65.50
Landesbank Baden-Wuertt    3.55 11/25/2016    EUR     74.87
Landesbank Baden-Wuertt    3.00  6/23/2017    EUR     56.97
Notenstein La Roche Pri    3.00   7/3/2019    CHF     67.84
Leonteq Securities AG      6.77  8/17/2017    CHF     50.97
Notenstein La Roche Pri    6.50  6/26/2017    EUR     60.97
Leonteq Securities AG     10.00  9/26/2016    CHF     54.41
Leonteq Securities AG      8.40  9/26/2016    CHF     72.22
Leonteq Securities AG      9.20  9/26/2016    EUR     70.30
BNP Paribas Emissions-     9.00 12/22/2016    EUR     45.88
Vontobel Financial Prod    5.10  12/2/2016    EUR     64.98
BNP Paribas Emissions-     7.50 12/22/2016    EUR     67.93
BNP Paribas Emissions-     5.50 12/22/2016    EUR     62.11
BNP Paribas Emissions-    10.00 12/22/2016    EUR     68.58
BNP Paribas Emissions-    10.00 12/22/2016    EUR     72.58
Deutsche Bank AG           4.20 12/20/2016    EUR     63.80
BNP Paribas Emissions-    13.00 12/22/2016    EUR     72.21
Deutsche Bank AG           5.20 12/20/2016    EUR     68.80
BNP Paribas Emissions-    10.00 12/22/2016    EUR     72.29
Deutsche Bank AG           5.20 12/20/2016    EUR     67.10
Deutsche Bank AG           4.20 12/20/2016    EUR     66.80
BNP Paribas Emissions-     9.00 12/22/2016    EUR     74.09
BNP Paribas Emissions-     9.50 12/22/2016    EUR     72.21
Deutsche Bank AG           7.20  3/21/2017    EUR     73.70
BNP Paribas Emissions-     5.50 12/22/2016    EUR     61.40
Deutsche Bank AG           5.20  3/21/2017    EUR     65.20
Deutsche Bank AG           7.20  3/21/2017    EUR     66.20
BNP Paribas Emissions-    10.00 12/22/2016    EUR     72.93
Deutsche Bank AG           7.20  3/21/2017    EUR     47.30
BNP Paribas Emissions-     3.50 12/22/2016    EUR     50.26
BNP Paribas Emissions-     5.00 12/22/2016    EUR     46.67
Deutsche Bank AG           7.20  3/21/2017    EUR     41.50
BNP Paribas Emissions-     8.50 12/22/2016    EUR     41.22
BNP Paribas Emissions-     8.00 12/22/2016    EUR     65.80
BNP Paribas Emissions-    10.00 12/22/2016    EUR     59.31
Deutsche Bank AG           7.20  3/21/2017    EUR     73.10
Deutsche Bank AG           5.20 10/26/2016    EUR     73.50
Deutsche Bank AG           7.20 10/26/2016    EUR     73.70
Deutsche Bank AG           7.20 10/26/2016    EUR     70.90
Deutsche Bank AG           5.20 11/23/2016    EUR     73.90
Deutsche Bank AG           7.20 11/23/2016    EUR     71.40
Bank Julius Baer & Co L    6.00  6/19/2017    EUR     68.75
Credit Suisse AG/London    6.10 12/19/2016    EUR     40.86
Deutsche Bank AG           5.20 10/26/2016    EUR     63.30
Deutsche Bank AG           5.20 11/23/2016    EUR     63.70
Deutsche Bank AG           7.20 10/26/2016    EUR     44.40
Deutsche Bank AG           7.20 10/26/2016    EUR     38.50
Deutsche Bank AG           7.20 11/23/2016    EUR     44.90
Deutsche Bank AG           5.20 11/23/2016    EUR     43.00
Deutsche Bank AG           5.20 11/23/2016    EUR     41.50
Deutsche Bank AG           5.20 11/23/2016    EUR     40.10
Deutsche Bank AG           5.20 11/23/2016    EUR     38.80
Raiffeisen Centrobank A    7.37  3/22/2017    EUR     68.91
Deutsche Bank AG           7.20 11/23/2016    EUR     71.60
Deutsche Bank AG           5.20 11/23/2016    EUR     74.90
Deutsche Bank AG           5.20 11/23/2016    EUR     66.70
Landesbank Baden-Wuertt    3.00  7/26/2019    EUR     68.60
Vontobel Financial Prod    5.00 12/23/2016    EUR     64.25
Vontobel Financial Prod   13.40 12/23/2016    EUR     51.71
Deutsche Bank AG           6.50 12/20/2016    EUR     74.23
EFG International Finan    5.30  6/24/2019    EUR     58.36
Vontobel Financial Prod    6.00 12/23/2016    EUR     55.63
Goldman Sachs & Co Wert   14.00  6/21/2017    EUR     71.27
Goldman Sachs & Co Wert    4.00  6/21/2017    EUR     74.91
Goldman Sachs & Co Wert   13.00  6/21/2017    EUR     53.90
Goldman Sachs & Co Wert   12.00  6/21/2017    EUR     73.03
Goldman Sachs & Co Wert   16.00 12/21/2016    EUR     37.13
Goldman Sachs & Co Wert    3.00  3/22/2017    EUR     61.07
Goldman Sachs & Co Wert   14.00  3/22/2017    EUR     40.26
Goldman Sachs & Co Wert    6.00  6/21/2017    EUR     51.74
Goldman Sachs & Co Wert   13.00  3/22/2017    EUR     71.20
Goldman Sachs & Co Wert    6.00  3/22/2017    EUR     73.17
Vontobel Financial Prod    6.85 12/23/2016    EUR     67.73
Vontobel Financial Prod   10.80 12/23/2016    EUR     62.07
Leonteq Securities AG      5.40  8/28/2017    CHF     54.49
Leonteq Securities AG     10.00 11/28/2016    CHF     74.15
UBS AG/London              7.00  6/26/2017    EUR     60.56
Deutsche Bank AG           4.50 12/20/2016    EUR     64.20
Notenstein La Roche Pri    6.90  8/28/2017    CHF     67.41
Landesbank Baden-Wuertt    3.70  7/27/2018    EUR     64.98
Deutsche Bank AG           6.50 12/20/2016    EUR     66.50
Deutsche Bank AG           4.50 12/20/2016    EUR     66.00
Deutsche Bank AG           6.50 12/20/2016    EUR     62.20
Deutsche Bank AG           8.20 12/20/2016    EUR     60.20
Zurcher Kantonalbank Fi    5.80  8/21/2017    CHF     66.68
Deutsche Bank AG           6.50 12/20/2016    EUR     72.40
Vontobel Financial Prod    4.00 12/12/2016    EUR     60.30
Vontobel Financial Prod    4.45  12/9/2016    EUR     68.39
Vontobel Financial Prod    5.00  12/9/2016    EUR     71.34
Landesbank Baden-Wuertt    3.40  7/27/2018    EUR     61.71
UBS AG                     3.30  12/9/2016    EUR     63.76
UBS AG                     4.30  12/9/2016    EUR     74.05
Landesbank Baden-Wuertt    5.50  6/23/2017    EUR     71.99
Landesbank Baden-Wuertt    2.50  6/23/2017    EUR     66.76
Landesbank Baden-Wuertt    5.50  6/23/2017    EUR     74.79
Landesbank Baden-Wuertt    4.50  6/23/2017    EUR     59.93
Landesbank Baden-Wuertt    3.00  6/23/2017    EUR     72.34
Landesbank Baden-Wuertt    5.50  6/23/2017    EUR     72.48
Landesbank Baden-Wuertt    3.00  6/23/2017    EUR     64.19
Landesbank Baden-Wuertt    5.00  6/23/2017    EUR     58.71
Notenstein La Roche Pri    6.40  6/12/2017    CHF     70.33
UniCredit Bank AG          4.00 12/22/2016    EUR     73.21
UniCredit Bank AG          4.00 12/22/2016    EUR     51.29
Notenstein La Roche Pri    7.00  8/11/2017    CHF     63.81
Credit Suisse AG/Nassau    6.38  6/12/2017    EUR     57.55
HSBC Trinkaus & Burkhar    8.50 12/23/2016    EUR     71.20
HSBC Trinkaus & Burkhar    7.10 12/23/2016    EUR     74.39
Vontobel Financial Prod    6.40 12/23/2016    EUR     69.18
Vontobel Financial Prod    8.05 12/23/2016    EUR     37.35
Vontobel Financial Prod    6.15 12/23/2016    EUR     39.26
Vontobel Financial Prod    4.45 12/23/2016    EUR     41.56
Vontobel Financial Prod    7.75 12/23/2016    EUR     54.40
Vontobel Financial Prod   12.50 12/23/2016    EUR     56.01
Vontobel Financial Prod    5.00  1/10/2017    EUR     41.25
Societe Generale Effekt    9.72 10/10/2016    EUR     44.31
Credit Suisse AG/Nassau    8.00  2/21/2017    EUR     72.68
Credit Suisse AG/London    7.00  2/20/2017    CHF     73.66
Societe Generale Effekt    9.99 10/10/2016    EUR     35.69
Societe Generale Effekt    4.26 10/10/2016    EUR     68.01
Societe Generale Effekt    9.39 10/10/2016    EUR     57.42
DZ Bank AG Deutsche Zen    3.45  8/25/2017    EUR     50.19
Goldman Sachs & Co Wert    3.00  3/22/2017    EUR     64.12
Goldman Sachs & Co Wert    6.00 12/21/2016    EUR     71.66
Vontobel Financial Prod    5.05  12/9/2016    EUR     68.51
DekaBank Deutsche Giroz    4.75  1/20/2017    EUR     62.42
UBS AG                     4.30  12/9/2016    EUR     59.82
Landesbank Baden-Wuertt    4.00  6/23/2017    EUR     60.91
Landesbank Baden-Wuertt    4.00  6/23/2017    EUR     69.03
Landesbank Baden-Wuertt    4.00  6/23/2017    EUR     61.19
Notenstein La Roche Pri    7.00 12/12/2016    EUR     58.82
UniCredit Bank AG          4.00 12/22/2016    EUR     52.21
UniCredit Bank AG          4.00 12/22/2016    EUR     51.71
UniCredit Bank AG          4.00 12/22/2016    EUR     73.35
HSBC Trinkaus & Burkhar    7.20 12/23/2016    EUR     42.33
HSBC Trinkaus & Burkhar    7.10 12/23/2016    EUR     72.93
HSBC Trinkaus & Burkhar    7.70 12/23/2016    EUR     61.69
Vontobel Financial Prod    5.30 12/23/2016    EUR     71.51
Raiffeisen Centrobank A    6.89  6/20/2017    EUR     55.82
Landesbank Hessen-Thuer    3.60 10/10/2016    EUR     74.10
Societe Generale Effekt    6.25 10/10/2016    EUR     49.34
Societe Generale Effekt   13.91 10/10/2016    EUR     32.15
DekaBank Deutsche Giroz    5.15  12/9/2016    EUR     58.47
Deutsche Bank AG           5.20 10/26/2016    EUR     74.50
Deutsche Bank AG           5.20 10/26/2016    EUR     70.10
Deutsche Bank AG           5.20 10/26/2016    EUR     66.30
Deutsche Bank AG           7.20 10/26/2016    EUR     66.40
Deutsche Bank AG           7.20 11/23/2016    EUR     67.00
Vontobel Financial Prod    7.60 12/23/2016    EUR     56.51
Vontobel Financial Prod   10.00 12/23/2016    EUR     49.51
Vontobel Financial Prod   11.70 12/23/2016    EUR     47.57
Goldman Sachs & Co Wert    6.00  3/22/2017    EUR     65.95
Goldman Sachs & Co Wert    8.00  3/22/2017    EUR     61.33
Goldman Sachs & Co Wert   14.00  3/22/2017    EUR     52.01
Goldman Sachs & Co Wert    5.00  6/21/2017    EUR     71.52
Goldman Sachs & Co Wert    6.00  6/21/2017    EUR     66.00
Goldman Sachs & Co Wert    8.00  6/21/2017    EUR     62.09
Goldman Sachs & Co Wert   13.00  3/22/2017    EUR     72.97
Goldman Sachs & Co Wert    3.00 12/21/2016    EUR     54.71
Goldman Sachs & Co Wert    4.00  3/22/2017    EUR     55.99
Goldman Sachs & Co Wert    4.00  3/22/2017    EUR     53.56
Goldman Sachs & Co Wert    5.00  3/22/2017    EUR     49.77
Goldman Sachs & Co Wert    6.00  3/22/2017    EUR     48.38
Goldman Sachs & Co Wert    7.00  3/22/2017    EUR     47.12
Goldman Sachs & Co Wert    8.00  3/22/2017    EUR     44.50
Goldman Sachs & Co Wert   10.00  3/22/2017    EUR     42.77
Goldman Sachs & Co Wert    3.00  6/21/2017    EUR     61.53
Goldman Sachs & Co Wert    4.00  6/21/2017    EUR     54.48
Goldman Sachs & Co Wert    4.00  6/21/2017    EUR     56.86
Goldman Sachs & Co Wert    6.00  6/21/2017    EUR     49.87
Goldman Sachs & Co Wert   10.00  6/21/2017    EUR     45.31
Goldman Sachs & Co Wert   13.00  6/21/2017    EUR     73.51
Goldman Sachs & Co Wert    4.00 12/21/2016    EUR     71.01
Goldman Sachs & Co Wert    4.00  6/21/2017    EUR     72.12
Goldman Sachs & Co Wert    5.00  6/21/2017    EUR     69.26
Vontobel Financial Prod    5.00 12/23/2016    EUR     71.15
UBS AG/London              9.25  6/26/2017    CHF     69.09
Deutsche Bank AG           6.50 12/20/2016    EUR     59.80
Deutsche Bank AG           4.50 12/20/2016    EUR     59.30
Deutsche Bank AG           6.50 12/20/2016    EUR     59.00
Deutsche Bank AG           4.50 12/20/2016    EUR     58.50
Deutsche Bank AG           6.50 12/20/2016    EUR     64.70
Deutsche Bank AG           4.50 12/20/2016    EUR     61.70
Deutsche Bank AG           8.20 12/20/2016    EUR     59.40
Deutsche Bank AG           8.20 12/20/2016    EUR     62.60
Deutsche Bank AG           6.20 12/20/2016    EUR     72.30
Deutsche Bank AG           6.20  6/20/2017    EUR     73.80
Goldman Sachs & Co Wert   21.00  6/21/2017    EUR     72.52
BNP Paribas Emissions-    11.00 12/22/2016    EUR     68.94
BNP Paribas Emissions-     6.50 12/22/2016    EUR     55.65
BNP Paribas Emissions-    10.00 12/22/2016    EUR     49.71
BNP Paribas Emissions-    10.00 12/22/2016    EUR     72.55
BNP Paribas Emissions-    15.00 12/22/2016    EUR     64.30
Vontobel Financial Prod    4.50 12/23/2016    EUR     57.77
Vontobel Financial Prod   14.50 12/23/2016    EUR     43.97
Vontobel Financial Prod   14.00 12/23/2016    EUR     57.56
Vontobel Financial Prod   15.00 12/23/2016    EUR     56.22
Vontobel Financial Prod    6.50 12/23/2016    EUR     70.26
Vontobel Financial Prod    9.50 12/23/2016    EUR     63.94
Vontobel Financial Prod    5.75 12/23/2016    EUR     72.76
Bank Julius Baer & Co L    7.50  9/30/2016    EUR     37.45
Goldman Sachs & Co Wert   19.00 12/21/2016    EUR     69.74
Goldman Sachs & Co Wert   16.00  3/22/2017    EUR     73.15
Goldman Sachs & Co Wert    3.00 12/21/2016    EUR     71.34
Goldman Sachs & Co Wert    6.00 12/21/2016    EUR     61.07
Goldman Sachs & Co Wert    7.00  3/22/2017    EUR     57.43
Goldman Sachs & Co Wert    7.00  6/21/2017    EUR     59.06
Credit Suisse AG/Nassau    7.00 10/13/2016    CHF     73.04
Deutsche Bank AG           4.20 12/20/2016    EUR     74.70
Deutsche Bank AG           4.20 12/20/2016    EUR     57.90
Deutsche Bank AG           4.20 12/20/2016    EUR     52.70
Deutsche Bank AG           4.20 12/20/2016    EUR     72.20
Deutsche Bank AG           6.20 12/20/2016    EUR     70.00
Deutsche Bank AG           6.20 10/26/2016    EUR     74.50
Deutsche Bank AG           5.20 11/23/2016    EUR     74.70
Deutsche Bank AG           6.20 11/23/2016    EUR     74.90
Deutsche Bank AG           6.20 10/26/2016    EUR     54.70
Deutsche Bank AG           6.20 10/26/2016    EUR     52.30
Deutsche Bank AG           6.20 10/26/2016    EUR     50.00
Deutsche Bank AG           5.20 11/23/2016    EUR     55.00
Deutsche Bank AG           5.20 11/23/2016    EUR     52.60
Deutsche Bank AG           5.20 11/23/2016    EUR     50.30
Deutsche Bank AG           6.20 10/26/2016    EUR     72.00
Deutsche Bank AG           5.20 10/26/2016    EUR     69.20
Deutsche Bank AG           6.20 10/26/2016    EUR     64.40
Deutsche Bank AG           5.20 10/26/2016    EUR     64.30
Deutsche Bank AG           6.20 11/23/2016    EUR     72.30
Deutsche Bank AG           6.20 11/23/2016    EUR     69.60
Deutsche Bank AG           5.20 11/23/2016    EUR     69.50
Deutsche Bank AG           5.20 11/23/2016    EUR     67.00
Deutsche Bank AG           6.20 11/23/2016    EUR     67.10
Deutsche Bank AG           6.20 11/23/2016    EUR     64.80
BNP Paribas Emissions-     7.00 12/22/2016    EUR     49.11
BNP Paribas Emissions-    16.00 12/22/2016    EUR     39.36
BNP Paribas Emissions-    10.00 12/22/2016    EUR     73.21
Zurcher Kantonalbank Fi    8.50 10/16/2017    CHF     70.89
Bank Julius Baer & Co L   16.30 10/13/2016    CHF     62.65
UniCredit Bank AG          4.10 12/22/2016    EUR     54.42
UniCredit Bank AG          4.50 12/22/2016    EUR     52.10
UniCredit Bank AG          4.40 12/22/2016    EUR     52.66
UniCredit Bank AG          4.30 12/22/2016    EUR     53.24
UniCredit Bank AG          4.20 12/22/2016    EUR     53.82
BNP Paribas Emissions-     9.00 12/22/2016    EUR     72.11
BNP Paribas Emissions-     6.00 12/22/2016    EUR     58.22
BNP Paribas Emissions-     8.00 12/22/2016    EUR     53.54
BNP Paribas Emissions-     9.50 12/22/2016    EUR     51.65
BNP Paribas Emissions-    12.00 12/22/2016    EUR     48.29
BNP Paribas Emissions-     6.00 12/22/2016    EUR     57.31
BNP Paribas Emissions-    14.00 12/22/2016    EUR     66.50
Vontobel Financial Prod   11.50 12/23/2016    EUR     46.37
Vontobel Financial Prod   12.00 12/23/2016    EUR     60.57
Vontobel Financial Prod   13.00 12/23/2016    EUR     58.97
Vontobel Financial Prod    7.50 12/23/2016    EUR     67.99
Goldman Sachs & Co Wert   21.00 10/26/2016    EUR     66.96
Goldman Sachs & Co Wert    4.00 12/21/2016    EUR     67.53
Goldman Sachs & Co Wert    5.00 12/21/2016    EUR     64.12
Goldman Sachs & Co Wert    5.00  3/22/2017    EUR     65.22
Goldman Sachs & Co Wert    5.00  3/22/2017    EUR     62.03
Goldman Sachs & Co Wert    5.00  6/21/2017    EUR     66.04
Goldman Sachs & Co Wert    6.00  6/21/2017    EUR     63.73
Vontobel Financial Prod    8.65  12/9/2016    EUR     61.27
Deutsche Bank AG           6.20 12/20/2016    EUR     58.30
Deutsche Bank AG           4.20 12/20/2016    EUR     55.20
Deutsche Bank AG           6.20 12/20/2016    EUR     72.70
Deutsche Bank AG           4.20 12/20/2016    EUR     69.50
Deutsche Bank AG           5.20 10/26/2016    EUR     74.40
Deutsche Bank AG           6.20 10/26/2016    EUR     57.40
Deutsche Bank AG           5.20 10/26/2016    EUR     57.30
Deutsche Bank AG           5.20 10/26/2016    EUR     54.60
Deutsche Bank AG           5.20 10/26/2016    EUR     52.20
Deutsche Bank AG           5.20 10/26/2016    EUR     49.90
Deutsche Bank AG           5.20 11/23/2016    EUR     57.70
Deutsche Bank AG           6.20 11/23/2016    EUR     57.90
Deutsche Bank AG           6.20 11/23/2016    EUR     55.20
Deutsche Bank AG           6.20 11/23/2016    EUR     52.70
Deutsche Bank AG           6.20 11/23/2016    EUR     50.50
Deutsche Bank AG           5.20 10/26/2016    EUR     72.00
Deutsche Bank AG           6.20 10/26/2016    EUR     69.30
Deutsche Bank AG           6.20 10/26/2016    EUR     66.80
Deutsche Bank AG           5.20 10/26/2016    EUR     66.70
Deutsche Bank AG           5.20 11/23/2016    EUR     72.20
Deutsche Bank AG           5.20 11/23/2016    EUR     64.60
DZ Bank AG Deutsche Zen    5.70 12/19/2016    EUR     53.96
BNP Paribas Emissions-    10.00 12/22/2016    EUR     45.07
Landesbank Baden-Wuertt    4.00  6/23/2017    EUR     59.17
Bank Julius Baer & Co L   10.60  10/6/2016    CHF     32.40
UBS AG                     7.50  12/9/2016    EUR     70.33
DZ Bank AG Deutsche Zen    5.00 12/23/2016    EUR     69.77
UniCredit Bank AG          4.00 12/22/2016    EUR     55.03
UniCredit Bank AG          4.10 12/22/2016    EUR     56.13
UniCredit Bank AG          4.00 12/22/2016    EUR     56.72
UniCredit Bank AG          4.25 12/22/2016    EUR     45.54
UniCredit Bank AG          5.50 12/22/2016    EUR     62.09
UniCredit Bank AG          4.00 12/22/2016    EUR     65.45
UniCredit Bank AG          4.10 12/22/2016    EUR     74.82
Lehman Brothers Treasur    7.32  7/31/2013    GBP      0.75
UniCredit Bank AG          4.20 12/22/2016    EUR     74.39
Landesbank Baden-Wuertt    3.00  7/26/2019    EUR     55.45
UniCredit Bank AG          4.50 12/22/2016    EUR     73.12
UniCredit Bank AG          5.00 12/22/2016    EUR     50.88
Deutsche Bank AG           7.20 10/26/2016    EUR     74.70
Deutsche Bank AG           7.20 10/26/2016    EUR     70.30
Deutsche Bank AG           5.20 11/23/2016    EUR     70.50
Deutsche Bank AG           7.20 11/23/2016    EUR     70.90
Vontobel Financial Prod    5.00 12/23/2016    EUR     44.81
Vontobel Financial Prod    5.45 12/23/2016    EUR     61.21
Vontobel Financial Prod   10.00 12/23/2016    EUR     67.62
Goldman Sachs & Co Wert   10.00  3/22/2017    EUR     57.57
Goldman Sachs & Co Wert   10.00  6/21/2017    EUR     58.98
Goldman Sachs & Co Wert    4.00 12/21/2016    EUR     52.50
Goldman Sachs & Co Wert    7.00 12/21/2016    EUR     45.28
Goldman Sachs & Co Wert    3.00  6/21/2017    EUR     64.57
Goldman Sachs & Co Wert    7.00  6/21/2017    EUR     48.88
Goldman Sachs & Co Wert    8.00  6/21/2017    EUR     46.52
Goldman Sachs & Co Wert   13.00  6/21/2017    EUR     43.08
Goldman Sachs & Co Wert    7.00  3/22/2017    EUR     63.10
Vontobel Financial Prod    8.80 12/23/2016    EUR     64.72
Landesbank Hessen-Thuer    4.00  7/31/2019    EUR     73.68
Deutsche Bank AG           6.50 12/20/2016    EUR     66.20
Deutsche Bank AG           4.50 12/20/2016    EUR     65.70
Deutsche Bank AG           4.50 12/20/2016    EUR     71.90
Deutsche Bank AG           5.50 12/20/2016    EUR     72.20
DZ Bank AG Deutsche Zen    8.80 12/19/2016    EUR     60.62
DZ Bank AG Deutsche Zen    9.00 12/23/2016    EUR     47.42
UniCredit Bank AG          4.25 12/22/2016    EUR     54.98
UniCredit Bank AG          5.50 12/22/2016    EUR     68.57
UniCredit Bank AG          4.50 12/22/2016    EUR     71.31
UniCredit Bank AG          4.50 12/22/2016    EUR     54.47
Deutsche Bank AG           5.20 12/20/2016    EUR     75.00
Deutsche Bank AG           5.20 12/20/2016    EUR     71.00
Deutsche Bank AG           6.20 12/20/2016    EUR     67.60
Goldman Sachs & Co Wert   13.00  3/22/2017    EUR     37.92
Deutsche Bank AG           5.20 12/20/2016    EUR     55.40
Goldman Sachs & Co Wert   12.00  6/21/2017    EUR     40.50
Deutsche Bank AG           6.20 12/20/2016    EUR     53.20
Deutsche Bank AG           5.20 12/20/2016    EUR     53.00
Deutsche Bank AG           6.20 12/20/2016    EUR     50.90
Deutsche Bank AG           5.20 12/20/2016    EUR     50.70
Deutsche Bank AG           5.20 12/20/2016    EUR     48.60
Deutsche Bank AG           5.20 12/20/2016    EUR     46.70
Vontobel Financial Prod    5.00 12/23/2016    EUR     54.01
Vontobel Financial Prod    9.00 12/23/2016    EUR     65.38
Vontobel Financial Prod   15.00 12/23/2016    EUR     56.28
Landesbank Baden-Wuertt    2.50  8/25/2017    EUR     73.35
Landesbank Baden-Wuertt    4.50  8/25/2017    EUR     66.99
Landesbank Baden-Wuertt    3.00  8/25/2017    EUR     63.30
Landesbank Baden-Wuertt    3.00  8/25/2017    EUR     47.23
Landesbank Baden-Wuertt    5.00  8/25/2017    EUR     43.59
Deutsche Bank AG           7.20 12/20/2016    EUR     65.40
Deutsche Bank AG           7.20 12/20/2016    EUR     61.20
Deutsche Bank AG           7.20 12/20/2016    EUR     57.50
Landesbank Baden-Wuertt    3.00  8/25/2017    EUR     70.63
Vontobel Financial Prod    4.15 12/23/2016    EUR     63.40
Leonteq Securities AG      8.00  11/7/2016    CHF     69.52
HSBC Trinkaus & Burkhar    9.40 12/23/2016    EUR     65.34
HSBC Trinkaus & Burkhar    6.30 12/23/2016    EUR     71.52
HSBC Trinkaus & Burkhar    7.10  3/24/2017    EUR     69.51
Notenstein La Roche Pri    4.00  1/31/2017    EUR     61.25
Deutsche Bank AG           7.20 12/20/2016    EUR     71.50
Deutsche Bank AG           6.20 12/20/2016    EUR     71.20
Deutsche Bank AG           5.20 12/20/2016    EUR     67.40
Deutsche Bank AG           7.20 12/20/2016    EUR     67.80
Notenstein La Roche Pri    7.50   2/7/2017    EUR     68.53
Notenstein La Roche Pri    5.00   8/7/2018    CHF     72.53
Deutsche Bank AG           6.20 12/20/2016    EUR     55.70
Goldman Sachs & Co Wert    9.00  6/21/2017    EUR     42.22
Deutsche Bank AG           7.20 12/20/2016    EUR     55.90
Deutsche Bank AG           7.20 12/20/2016    EUR     53.40
Deutsche Bank AG           7.20 12/20/2016    EUR     51.20
Deutsche Bank AG           6.20 12/20/2016    EUR     48.90
Deutsche Bank AG           7.20 12/20/2016    EUR     49.10
Deutsche Bank AG           6.20 12/20/2016    EUR     47.00
Vontobel Financial Prod    6.50 12/23/2016    EUR     51.72
Deutsche Bank AG           7.20 12/20/2016    EUR     47.20
Deutsche Bank AG           7.20 12/20/2016    EUR     45.50
Landesbank Baden-Wuertt    4.50  8/25/2017    EUR     72.69
Landesbank Baden-Wuertt    2.50  8/25/2017    EUR     74.16
Landesbank Baden-Wuertt    3.50  8/25/2017    EUR     70.68
Landesbank Baden-Wuertt    4.00  8/25/2017    EUR     60.51
Landesbank Baden-Wuertt    5.00  8/25/2017    EUR     58.53
Landesbank Baden-Wuertt    4.00  8/25/2017    EUR     45.09
Deutsche Bank AG           7.20 12/20/2016    EUR     67.80
Deutsche Bank AG           5.20 12/20/2016    EUR     67.30
Deutsche Bank AG           7.20 12/20/2016    EUR     63.30
Deutsche Bank AG           5.20 12/20/2016    EUR     57.10
Leonteq Securities AG     15.00  11/7/2016    CHF     31.64
HSBC Trinkaus & Burkhar    8.30 10/28/2016    EUR     67.13
HSBC Trinkaus & Burkhar   10.20 12/23/2016    EUR     46.17
HSBC Trinkaus & Burkhar    6.20  3/24/2017    EUR     52.43
Leonteq Securities AG     13.00 10/31/2016    USD     63.97
Credit Suisse AG/Nassau    6.00  2/13/2017    CHF     66.95
UBS AG/London              8.00  7/31/2017    CHF     62.50
Credit Suisse AG/Nassau    6.50   2/3/2017    CHF     69.21
Bank Julius Baer & Co L    9.05  2/13/2017    EUR     63.10
Zurcher Kantonalbank Fi    5.75   2/6/2017    EUR     66.79
Vontobel Financial Prod    5.00  2/28/2017    EUR     71.95
Vontobel Financial Prod    3.35  12/9/2016    EUR     72.74
WGZ-Bank AG Westdeutsch    5.75  9/26/2016    EUR     58.69
WGZ-Bank AG Westdeutsch    6.75  9/26/2016    EUR     57.36
WGZ-Bank AG Westdeutsch    3.75  9/26/2016    EUR     67.70
Immigon Portfolioabbau     3.50  5/23/2022    EUR     70.75
Rosbank PJSC               0.01  2/26/2025    RUB     60.06
SG Issuer SA               5.05  4/10/2025    EUR     55.56
HSBC Bank PLC              0.50  4/27/2027    NZD     68.41
Lehman Brothers Treasur    1.60  6/21/2010    JPY      0.75
Agentstvo po Ipotechnom   11.77   2/1/2034    RUB     60.11
Credito Cooperativo Int    1.75   2/4/2025    EUR     74.63


                            *********

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, Julie Anne L. Toledo, Ivy B. Magdadaro, and
Peter A. Chapman, Editors.

Copyright 2016.  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 * * *