/raid1/www/Hosts/bankrupt/TCREUR_Public/231009.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 9, 2023, Vol. 24, No. 202
Headlines
C Z E C H R E P U B L I C
NET4GAS SRO: Fitch Puts 'BB-' LongTerm IDR on Watch Positive
F R A N C E
SECHE ENVIRONNEMENT: S&P Affirms 'BB' ICR & Alters Outlook to Pos.
I R E L A N D
BOSPHORUS VII: Fitch Gives B-(EXP)sf Rating on Cl. F-R Notes
K A Z A K H S T A N
ASTANA GAS: Fitch Affirms LongTerm IDR at 'BB', Outlook Stable
L U X E M B O U R G
TRAVELPORT FINANCE: $1.96BB Bank Debt Trades at 49% Discount
TRINSEO LUXCO: Moody's Rates New Secured 1st Lien Term Loan 'Ba3'
UNIGEL LUXEMBOURG: Fitch Lowers Rating on 2026 Bonds to 'C'
N E T H E R L A N D S
ASP CHROMAFLO: $235MM Bank Debt Trades at 18% Discount
PHM NETHERLANDS: $370MM Bank Debt Trades at 19% Discount
STEINHOFF INT'L: Oct. 13 Liquidation Date Set, To Delist Shares
T U R K E Y
TURK TELEKOM: S&P Affirms 'B' ICR & Alters Outlook to Stable
U N I T E D K I N G D O M
METRO BANK: Bank of England Seeks Potential Buyers
METRO BANK: Bondholders Propose GBP600-Mil. Capital Injection
METRO BANK: Fitch Puts 'B' LongTerm IDRs on Watch Negative
MICHAEL J LONSDALE: Suppliers, Subcontractors Owed GBP50 Million
REAL PLACES: All Staff Made Redundant, Business No Future
ROLLS-ROYCE PLC: Fitch Hikes LongTerm IDR to 'BB', Outlook Positive
SPORTRADAR MANAGEMENT: Fitch Affirms 'BB-' IDR, Outlook Stable
VICTORIA PLC: Fitch Affirms LongTerm IDR at 'BB-', Outlook Stable
[*] UK: Jul-Sept Construction-Company Administrations Total 101
X X X X X X X X
[*] BOND PRICING: For the Week October 2 to October 6, 2023
- - - - -
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C Z E C H R E P U B L I C
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NET4GAS SRO: Fitch Puts 'BB-' LongTerm IDR on Watch Positive
------------------------------------------------------------
Fitch Ratings has placed NET4GAS, S.r.o.'s (NET4GAS) Long-Term
Issuer Default Rating (IDR) and senior unsecured ratings of 'BB-'
on Rating Watch Positive (RWP). The IDR was previously on Evolving
Outlook.
The RWP follows CEPS, a.s. signing of an agreement to acquire full
ownership of NET4GAS at limited equity value, while fully assuming
NET4GAS's net financial obligations. The RWP reflects its
expectation that the acquisition by a considerably stronger group
will benefit NET4GAS's ratings due to Parent Subsidiary Linkages,
with an upgrade of at least one notch.
Fitch will resolve the Positive Watch once the transaction has been
completed, which could take more than six months.
KEY RATING DRIVERS
Acquisition by a Stronger GRE: Fitch expects the stronger credit
profile of the fully state-owned CEPS to have a positive influence
on NET4GAS's ratings, should the acquisition materialise as
expected. Fitch has no information on the legal incentives of CEPS
to support NET4GAS, such as a cross default provision that could
lead to an equalisation of NET4GAS's rating with the consolidated
profile of CEPS. On a preliminary basis, Fitch sees limited
operational synergies between the companies, but a moderate
strategic relevance of NET4GAS within the CEPS group, due to the
importance of its gas transmission assets for energy security in
the Czech Republic.
CEPS Consolidating Key Energy Infrastructures: The Czech Republic
(AA-/Negative), through CEPS, has recently extended its direct
influence over critical energy infrastructures, significantly
strengthening national energy security and independence. The
NET4GAS acquisition will significantly diversify CEPS's business
profile form its historical electricity transmission operator role.
Its activities will then span from gas storage business, including
tanks, to regulated gas transportation and international gas
transit activity.
Key Tariff Decision Ahead: NET4GAS's Standalone Credit Profile
(SCP) remains mainly reliant on the regulator's approach towards
the gas transport tariff system, given depressed west-to-east
alternative gas flows since the Ukraine war. Fitch believes the
regulator may allow a material increase of NET4GAS's regulatory
asset base (RAB). The regulator's decision on 2024 final tariffs
for transmission system operators (TSOs), expected to be published
by end-November, could provide material hints about the regulator's
approach for the medium term.
Weak 2023 EBITDA: Fitch projects EBITDA at slightly below CZK2
billion in 2023 (2022: CZK11.3 billion), due to limited transit
activity, and free cash flow (FCF) drain at slightly higher than
CZK 1 billion. This results in a double-digit funds from operations
(FFO) net leverage in 2023, before it stabilises at around 8.0x
over the next three years, as EBITDA normalises at slightly more
than CZK3 billion and with positive annual FCF estimated at more
than CZK1.3 billion (Fitch assumes no dividends). Fitch continues
to forecast a share of regulated EBITDA at around 70% (historically
around 20%-25%), on an increase of regulated revenues and fairly
depressed transit revenues.
Risks to SCP Forecasts: The key downside to its forecasts is
represented by only small positive regulatory developments (such as
a very limited RAB increase), which would impair debt capacity at
the current rating. On the other hand, higher-than-expected
recognition of regulated assets and revenues could sustain a higher
rating and notching uplift from the IDR for the senior unsecured
debt ratings.
A further reduction or even the cessation of Russian gas flow
through the Ukrainian and Turkish Stream corridors should benefit
NET4GAS's gas transit flow, all else being equal. NET4GAS may also
be entitled to some compensation from its filed arbitrations
proceedings against Gazprom, but their considerable uncertainty
means developments in this respect would represent an upside to its
forecast.
Solid Regulatory Framework: Gas transmission in the Czech Republic
is fully regulated under a transparent and supportive framework and
is in its fifth regulatory period until end-2025. It shields
NET4GAS from a reduction in intra-state transmitted volumes arising
from warmer temperatures or a lack of supply, through regulatory
compensation, albeit with a two-year time lag. Further, TSOs in a
state emergency can ask for compensation in the same year directly
from the state budget for any intra-state capacity fees lost. This
would also smooth cash flow volatility arising from the risk of gas
supply curtailments to Czech industrial sectors.
DERIVATION SUMMARY
eustream, a.s. (BBB/Negative; 'bbb-' SCP) is NET4GAS's closest
rated peer, as both companies own and operate gas transit pipelines
in Slovakia and the Czech Republic, respectively. eustream's gas
transit displays more resilience as one of the few routes still
being used by Russia to Europe (even if at much depressed levels),
with regular payments as of now. In addition, the SCP differential
is explained by the historically low leverage of the Slovakian
company (net debt/EBITDA below 2.5x).
Positively, NET4GAS benefits from a higher share of domestic
business with more supportive regulation. For both companies,
liquidity is adequate, given their zero-dividend policy.
NET4GAS is in a weaker competitive position than fully regulated
national TSO peers, such as Snam S.p.A. (BBB+/Stable), REN - Redes
Energeticas Nacionais, SGPS, S.A. (BBB/Stable) and pure gas
distributor, Czech Gas Networks Investments S.a r.l (BBB/Stable).
The latter shares the same country, regulator and a supportive
fifth regulatory period as NET4GAS, but its almost fully regulated
earnings allow for a higher debt capacity than ship-or-pay
contracts, especially if the latter are short term.
KEY ASSUMPTIONS
Key Assumptions Within Its Rating Case for the Issuer:
- Alternative transit gas flows run on short-term bookings of up to
10 billion cubic meters in the medium term (on top of domestic
consumption)
- TSO revenues based on the current regulatory framework, plus
upsides related to additional asset recognition into RAB from 2024
- Annual operating expenditure of CZK1.2 billion, including some
cost rationalisation
- Negligible working-capital absorption to 2026
- Cumulative capex of CZK3.7 billion in 2023-2026 (on a decreasing
trend), including some spending rationalisation
- No dividend payments
RATING SENSITIVITIES
Factors That Could, Individually or Collectively, Lead to Positive
Rating Action/Upgrade:
- Completion of the acquisition, coupled with its assessment of
available support from CEPS under its Parent and Subsidiary Linkage
Rating Criteria
- Materially improved international gas transit volumes or
better-than-expected positive regulatory developments
- FFO net leverage below 7.7x, with a business mix of about 70% of
EBITDA from regulated activities
Factors That Could, Individually or Collectively, Lead to a
Negative Rating Action/Downgrade (if the Acquisition is not
Completed):
- No materially positive regulatory updates for the domestic gas
transport business amid continuously weak alternative gas transit
- FFO net leverage above 8.5x, with a business mix of about 70% of
EBITDA from regulated activities
LIQUIDITY AND DEBT STRUCTURE
Adequate Liquidity: Cash on balance sheet was around CZK5.7 billion
at end-August 2023. This is sufficient to cover remaining 2023 and
2024 operating expenses (of about CZK1.2 billion a year), financial
charges (about CZK1.5 billion a year) and expected capex
(cumulatively about CZK2.1 billion), even if the TSO business were
the sole source of revenue (about CZK2.2 billion a year). Fitch
expects the first significant debt maturity only from mid-2025 at
almost CZK10 billion.
ISSUER PROFILE
NET4GAS is the Czech public national gas TSO, and provides the
infrastructure for gas transit to central European markets. With a
large bi-directional flow capacity, NET4GAS operates a large-scale
high-pressure gas transmission and transit system of 4,058 km of
pipelines.
ESG CONSIDERATIONS
The highest level of ESG credit relevance is a score of '3', unless
otherwise disclosed in this section. A score of '3' means ESG
issues are credit-neutral or have only a minimal credit impact on
the entity, either due to their nature or the way in which they are
being managed by the entity. Fitch's ESG Relevance Scores are not
inputs in the rating process; they are an observation on the
relevance and materiality of ESG factors in the rating decision.
Entity/Debt Rating Recovery Prior
----------- ------ -------- -----
NET4GAS, s.r.o. LT IDR BB- Rating Watch On BB-
senior
unsecured LT BB- Rating Watch On RR4 BB-
===========
F R A N C E
===========
SECHE ENVIRONNEMENT: S&P Affirms 'BB' ICR & Alters Outlook to Pos.
------------------------------------------------------------------
S&P Global Ratings revised its outlook on French waste treatment
company Seche Environnement S.A. to positive from stable and
affirmed its 'BB' long-term issuer credit rating, as well as the
'BB' issue rating on its senior unsecured bond.
The positive outlook indicates that S&P could raise the rating if
Seche's leading market positions in the treatment of hazardous
waste in France and South Africa continue to support organic
growth, broadly stable margins around 18%, and improved generation
of free operating cash flow (FOCF).
Seche has demonstrated the resilience of its business model through
the recent large economic shocks. Seche has faced two high impact
economic shocks in recent years: in 2020 the COVID-19 pandemic led
to several lockdowns in France, driving a 7.7% decline in GDP.
Since then, Seche's revenue decreased by only 5.9% but S&P Global
Ratings-adjusted EBITDA margins increased by 120 bps compared with
2019, to 18.2%. In 2022, inflation in France increased to 5.9%,
unseen in decades, and energy prices were several times higher.
Despite this difficult context, revenue increased by 23.2% and
adjusted EBITDA margins fell only 90 basis points, to 18.2%.
Seche's recent good performance reflects its strong market
position, good geographic, activity, and client-base diversity, as
well as a business model based mostly on short-term contracts. In
our view, Seche benefits from its position among the top three in
the treatment of hazardous waste in France, where it competes with
two other players: Veolia Environnement and Suez. This segment's
higher barriers to entry are due to the capitalistic intensity of
the waste treatment business but also accreditations delivered by
the state owing to the hazardous nature of the waste, which
requires strong technological know-how. Lower competition helps
Seche renew its short-term (less than 12-month tenor) contracts
with its industrial clients (83% of revenue) and pass on price
increases quickly when the cost base shows volatility, as it did in
2022. S&P said, "We also note that Seche's end sector exposure is
well diversified, with the largest dependency being on
environmental services clients with 26% of revenue, followed by
local authorities (17%). With 30% of 2022 sales realized outside
France, Seche depends not only on the French economy. The exposure
to emerging countries (South Africa and Latin America mainly)
should be a significant growth booster in coming years, since
economic development is usually associated with an increased waste
production and tighter regulation. In addition, Seche faces low
competition in these regions. Lastly, we appreciate Seche's strong
business diversification between services, waste to energy (WtE),
and landfilling."
Seche's prospects for 2024 remain solid, despite the tougher
macroeconomic environment. In 2023, we anticipate 15% revenue
growth followed by 10% growth in 2024. Higher prices for services
and landfilling will more than compensate stable volumes and lower
prices for the WtE business. S&P said, "Acquisitions realized in
2023 and 2024 will also contribute positively. In 2023, we expect a
slight 70-bps contraction of the adjusted EBITDA margin to 17.5%
due to raw materials inflation (chemicals, fuel, etc.) and higher
wages, but also dilutive acquisitions and a one-off tax on
electricity sold above €175 per megawatt hour. In 2024, we expect
a recovery in the adjusted EBITDA margin to 18.1%, driven by a
moderation of input cost inflation, better efficiency, and the
realization of synergies with the recently acquired entities. If
Seche performs in line with our forecasts and builds a track record
of resilient margins and cash flow generation through challenging
macroeconomic events, we could revise up our assessment of its
business risk profile to satisfactory from fair."
S&P said, "We forecast an improvement in credit metrics in 2023 and
2024.Driven by the resilient operating performance, we anticipate a
decline in S&P Global Ratings-adjusted leverage to 3.4x by year-end
2023 and 3.1x by year-end 2024, from 3.6x at year-end 2022. Despite
significantly higher interest rates, we expect funds from
operations (FFO) to debt to remain solid at 23% in 2023 and 26% in
2024, from 23% in 2022. We also forecast continuously strong FOCF
of EUR51 million in 2023 and EUR67 million in 2024, thanks to tight
working capital management with minor EUR5 million outflows per
year and capital expenditure (capex) declining in terms of revenue,
at about 9%, from 10.2% in 2022, as the sales mix evolves toward
more capex-light services.
"The positive outlook indicates that we could raise the rating if
Seche's leading market positions in the treatment of hazardous
waste in France and South Africa continue to support organic
growth, broadly stable margins around 18%, and improved FOCF
generation.
"We could raise the rating if we observe Seche's continued ability
to maintain its adjusted EBITDA margins around 18%, and if Seche
pursues its financial policy consistent with adjusted leverage
comfortably below 4x and FFO to debt above 20% through acquisition
and investment cycles. We would also expect to see FOCF generation
improve.
"We could revise the outlook to stable if the group faces more
significant volatility in its adjusted EBITDA margins, due to
unexpected adverse operating developments.
"We could also take a negative rating action if economic headwinds
or operational missteps push leverage beyond 4x and FFO to debt
below 20%. This could be the consequence of sizable debt-funded
acquisitions, or shareholder returns that sustained leverage at
high levels."
ESG factors have no material influence on our credit rating
analysis of Seche. If its recycling activities generally have a
positive impact on the environment as they prevent the waste from
being treated in a harmful way for the ecosystem, incineration and
landfilling do have a negative impact on the environment as they
result in soil pollution and carbon gas emissions. S&P sees the
impact of governance factors on the rating as neutral. Despite
being a family-owned company with founder, Joel Seche acting as
chairman of the board and his son running the company as CEO, Seche
is listed, and it has not identified any governance deficiencies.
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I R E L A N D
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BOSPHORUS VII: Fitch Gives B-(EXP)sf Rating on Cl. F-R Notes
------------------------------------------------------------
Fitch Ratings has assigned Bosphorus CLO VII DAC expected ratings.
The assignment of final ratings is contingent on the receipt of
final documents conforming to information already reviewed.
Entity/Debt Rating
----------- ------
Bosphorus CLO
VII DAC
Class A-R notes LT AAA(EXP)sf Expected Rating
Class B-R Notes LT AA(EXP)sf Expected Rating
Class C-R Notes LT A(EXP)sf Expected Rating
Class D-R Notes LT BBB(EXP)sf Expected Rating
Class E-R Notes LT BB(EXP)sf Expected Rating
Class F-R Notes LT B-(EXP)sf Expected Rating
TRANSACTION SUMMARY
Bosphorus CLO VII DAC is a securitisation of mainly senior secured
obligations (at least 92.5%) with a component of senior unsecured,
mezzanine, second-lien loans and high-yield bonds. Note proceeds
will be used to redeem the existing notes. The portfolio is
actively managed by Cross Ocean Adviser LLP. The collateralised
loan obligation (CLO) has a 4.5-year reinvestment period and an
8.5-year weighted average life (WAL) test.
KEY RATING DRIVERS
Average Portfolio Credit Quality (Positive): Fitch places the
average credit quality of obligors at 'B'/'B-´. The Fitch weighted
average rating factor (WARF) of the identified portfolio is 25.4.
High Recovery Expectations (Positive): At least 92.5% of the
portfolio comprises senior secured obligations. Fitch views the
recovery prospects for these assets as more favourable than for
second-lien, unsecured and mezzanine assets. The Fitch weighted
average recovery rate (WARR) of the identified portfolio is 62.8%.
Diversified Asset Portfolio (Positive): The maximum exposure
allowed to the 10 largest obligors and fixed-rate assets is 20% and
5%, respectively.
The transaction also includes various concentration limits,
including the maximum exposure to the three largest Fitch-defined
industries in the portfolio at 40%. These covenants ensure the
asset portfolio will not be exposed to excessive concentration.
Portfolio Management (Neutral): The transaction has a 4.5-year
reinvestment period and includes reinvestment criteria similar to
those of other European transactions. Fitch's analysis is based on
a stressed-case portfolio with the aim of testing the robustness of
the transaction structure against its covenants and portfolio
guidelines.
Cash Flow Modelling (Positive): The WAL used for the Fitch-stressed
portfolio analysis was reduced by 12 months to 7.5 years. This is
to account for the strict reinvestment conditions envisaged after
the reinvestment period. These conditions include passing the
coverage test, the Fitch 'CCC' maximum limit after reinvestment and
a WAL covenant that progressively steps down over time, both before
and after the end of the reinvestment period. In Fitch's opinion,
these conditions reduce the effective risk horizon of the portfolio
during the stress period.
RATING SENSITIVITIES
Factors that Could, Individually or Collectively, Lead to Negative
Rating Action/Downgrade
A 25% increase of the mean default rate (RDR) across all ratings
and a 25% decrease of the recovery rate (RRR) across all ratings of
the identified portfolio would have no impact on the class A to C
notes, would lead to downgrades of no more than one notch on the
class D notes, of two notches on the class E notes and to below
'B-sf' for the class F notes.
Based on the identified portfolio, downgrades may occur if the loss
expectation is larger than initially assumed, due to unexpectedly
high levels of default and portfolio deterioration. Due to the
better metrics and shorter life of the identified portfolio than
the Fitch-stressed portfolio, the class B shows a rating cushion of
three notches, the class C, D and E notes of one notch, and the
class F notes of four notches. The class A notes have no rating
cushion as they are at the highest achievable rating of 'AAAsf'.
Should the cushion between the identified portfolio and the
Fitch-stressed portfolio be eroded due to manager trading or
negative portfolio credit migration, a 25% increase of the mean RDR
across all ratings and a 25% decrease of the RRR across all ratings
of the stressed portfolio would lead to downgrades of up to three
notches for the class A and D notes, two notches for the class B
and C notes, and to below 'B-sf' for the class E and F notes.
Factors that Could, Individually or Collectively, Lead to Positive
Rating Action/Upgrade
A 25% reduction of the mean RDR across all ratings and a 25%
increase in the RRR across all ratings of the Fitch-stressed
portfolio would lead to upgrades of up to five notches for the
notes, except for the 'AAAsf' rated notes.
During the reinvestment period, based on the Fitch-stressed
portfolio upgrades may occur on better-than-expected portfolio
credit quality and a shorter remaining WAL test, meaning the notes
are able to withstand larger-than-expected losses for the
transaction's remaining life. After the end of the reinvestment
period, upgrades may occur on stable portfolio credit quality and
deleveraging, leading to higher credit enhancement and excess
spread available to cover losses in the remaining portfolio.
DATA ADEQUACY
The majority of the underlying assets or risk-presenting entities
have ratings or credit opinions from Fitch and/or other nationally
recognised statistical rating organisations and/or European
securities and markets authority-registered rating agencies. Fitch
has relied on the practices of the relevant groups within Fitch
and/or other rating agencies to assess the asset portfolio
information or information on the risk-presenting entities.
Overall, and together with any assumptions referred to above,
Fitch's assessment of the information relied upon for the agency's
rating analysis according to its applicable rating methodologies
indicates that it is adequately reliable.
===================
K A Z A K H S T A N
===================
ASTANA GAS: Fitch Affirms LongTerm IDR at 'BB', Outlook Stable
--------------------------------------------------------------
Fitch Ratings has affirmed JSC Astana Gas KMG's (AG) Long-Term
Issuer Default Rating (IDR) at 'BB' and National Long-Term Rating
at 'A(kaz)'. The Outlooks are Stable.
RATING RATIONALE
The affirmation reflects the project's unchanged strong linkage to
its ultimate sponsor, the Republic of Kazakhstan (BBB/Stable).
Under Fitch's Government-Related Entities (GRE) Criteria, Fitch
classifies AG as an entity with strong links to its ultimate
sponsor, based on state funding, policy support, and indirect full
state ownership and control via Sovereign Wealth Fund Samruk-Kazyna
JSC (BBB/Stable; 50%) and JSC National Management Holding Baiterek
(BBB/Stable; 50%).
Fitch believes the state's incentive to support AG in case of a
default is held back by the increasing but still limited usage of
the pipeline project until grid connections are finalised and the
project's funding, which is only moderately reliant on
international sources.
As a result, the GRE Criteria lead to a top-down minus
three-notches approach, which leads to AG's 'BB' rating versus
Kazakhstan's 'BBB', based on Fitch's combined assessment of the
strength of linkage to the government and its incentive to
support.
KEY RATING DRIVERS
Status, Ownership and Control - 'Strong'
Fitch views Kazakhstan as the company's ultimate parent. It
indirectly owns 100% of AG via Samruk and Baiterek. Both holding
companies have special status, are granted quasi-fiscal functions
and manage strategic state assets. Government officials monitored
and controlled the project's construction via monthly reports to
the Minister of Energy and to technical and financial special
working groups.
The government provided Samruk with special crisis funds, which are
an important source of capital injections. These funds were
initially channeled in 2009-2010 from the state budget to Samruk as
an emergency liquidity buffer following the global financial
crisis. The government granted Samruk an option to reuse the funds,
but only for strategic projects, such as AG. After commissioning,
the gas pipeline became a strategic national asset, which entails
restrictions on security and privatisation. Disposal of such assets
requires a government decree.
Support Track Record and Expectations - 'Very Strong'
AG has received significant cash support from the government to
build the pipeline. Kazakhstan provided a capital injection via
Samruk and Baiterek of KZT80.3 billion, which constitutes 30% of
the total project cost. State-related creditors provided the
remaining 70%. In 2018, Kazakhstan's State Pension Fund purchased
KZT85 billion bonds maturing in 2033, which are guaranteed equally
by Samruk and Baiterek. Eurasian Development Bank (EDB; 66% owned
by Russia and 33% by Kazakhstan) provided KZT102 billion via the
purchase of another bond issue in 1H19.
EBD received an earmarked KZT51 billion loan from Development Bank
of Kazakhstan JSC (DBK; BBB/Stable; 100% owned by Baiterek) to
purchase 50% of the bonds. Therefore, EDB effectively acts as a
pass-through agent by channelling part interest payments from AG
bonds to service DBK's loan. In addition to financial support, the
state introduced favourable legislation via a nationwide cost-based
gas transportation tariff framework. This confirms a stable record
of state support and Fitch expects AG to continue to receive
tangible financial support from the government or its agents.
Socio-Political Implications of Default - 'Weak'
Fitch does not expect any socio-political implications in case of a
default. The project is newly built, but remains under-utilised as
it is not yet fully connected to retail networks. Therefore, a
default would not affect provision of any public services, but
delay gasification of the capital city, Astana, while current
suppliers would cover energy needs.
Financial Implications of Default - 'Moderate'
The financial implications of a default are limited, due to the
mostly private and local nature of the project's funding. However,
Fitch sees some financial repercussions because around 40% of funds
are provided by EDB, an international financial institution, which
has loaned several billion US dollars to various projects in
Kazakhstan, mostly in the core sectors of the country's economy,
i.e. mining, transportation and energy, including gas distribution
networks.
Therefore, a default would cause reputational damage, increase the
cost of finance to other GREs and decrease availability of funding
from other international financial institutions active in
Kazakhstan.
Standalone Credit Profile Assessment
Fitch has not assigned AG a Standalone Credit Profile because of
limited visibility of the revenue framework and its predictability
as its rent agreement with Intergas Central Asia JSC (ICA;
BBB-/Stable) and tariff framework does not cover 100% of AG's
costs. Fitch understands from management that this remains under
discussion with governmental bodies, shareholders and ICA.
Meanwhile, AG is able to cover all the costs from its available
cash.
PEER GROUP
AG's closest peer is JSC Samruk-Energy (BB+/Stable), which Fitch
rates using the same GRE-based approach and rating construction,
but it has a different structure of rating drivers and uses
'top-down minus two' notching. Most significantly, a default by
Samruk Energy would have more notable socio-political and financial
implications, although it has less ongoing cash support from the
state.
Another peer is Kazakhstan Electricity Grid Operating Company
(KEGOC, BBB-/Stable), which is rated higher, due mostly to its
strong standalone profile, and because a significant share of
KEGOC's debt is guaranteed by the government.
RATING SENSITIVITIES
Factors that Could, Individually or Collectively, Lead to Negative
Rating Action/Downgrade
- A downgrade of Kazakhstan's sovereign rating.
- A reduction in implied support and commitment from the
government, as well as importance of AG's project to
Kazakhstan.
Factors that Could, Individually or Collectively, Lead to Positive
Rating Action/Upgrade
- An upgrade of Kazakhstan's sovereign rating
- Clear allocation of funds to cover all project costs
resulting in a SCP assessment four notches or less
from the sovereign IDR
TRANSACTION SUMMARY
AG is a recently built domestic gas pipeline. It has been designed
to transport natural gas more than 1,000km from fields in western
Kazakhstan to 2.7 million people in the capital and to 170 smaller
towns along the pipeline route. Once grid connections are
finalised, the provision of gas will allow many to switch from
using coal or fuel oil for their energy needs and will improve air
quality.
The project cost is KZT267 billion (USD0.73 billion). Construction
started in 4Q18 and was completed by end-2019. Initial designed
capacity is 2.2 billion cubic metres a year with an option to
increase it to 3.7 billion cubic metres with additional compressor
stations.
CREDIT UPDATE
To date, the pipeline remains under-utilised due to delays in the
construction of the retail gas networks and slow progress in
switching central heating to gas.
The new gas transportation tariff for 2022-2026 was adopted in
November 2021. As a result, AG and ICA switched from a one-year to
a five-year contract, which was signed for 2022-2026. The war in
Ukraine had no impact on the volume of gas transportation through
the Saryarka pipeline.
The rental agreement with ICA and the tariff framework does not
cover AG's administrative costs. The company is able to cover the
shortfall from available cash and continues working with
governmental bodies on resolving the issue.
ESG CONSIDERATIONS
Fitch does not provide ESG scores for AG as its ratings and ESG
scores are derived from its parent, the Kazakhstani sovereign. ESG
relevance scores and commentary for Kazakhstan can be found here
https://www.fitchratings.com/entity/kazakhstan-80442239.
Entity/Debt Rating Prior
----------- ------ -----
JSC Astana Gas KMG LT IDR BB Affirmed BB
Natl LT A(kaz)Affirmed A(kaz)
===================
L U X E M B O U R G
===================
TRAVELPORT FINANCE: $1.96BB Bank Debt Trades at 49% Discount
------------------------------------------------------------
Participations in a syndicated loan under which Travelport Finance
Luxembourg Sarl is a borrower were trading in the secondary market
around 51.3 cents-on-the-dollar during the week ended Friday,
October 6, 2023, according to Bloomberg's Evaluated Pricing service
data.
The $1.96 billion facility is a Term loan that is scheduled to
mature on May 29, 2026. The amount is fully drawn and
outstanding.
Travelport Finance Luxembourg Sarl operates as a subsidiary of
Travelport Holdings Ltd. The Company's country of domicile is
Luxembourg.
TRINSEO LUXCO: Moody's Rates New Secured 1st Lien Term Loan 'Ba3'
-----------------------------------------------------------------
Moody's Investors Service assigned a Ba3 rating to the $1.077
billion senior secured first lien term loan due 2028 (2 tranches)
of Trinseo LuxCo Finance SPV S.a r.l. ("TLFSPV"). Moody's also
assigned a negative outlook to TLFSPV. TLFSPV is a wholly owned
subsidiary of Trinseo PLC.
Trinseo PLC's ("Trinseo") ratings including its B1 Corporate Family
Rating, B1-PD Probability of Default Rating and speculative grade
liquidity rating of SGL-3 remain unchanged as does the B1 senior
secured term loan due 2028, revolving credit facility due 2026 and
B3 senior unsecured notes due 2025 and 2029 of Trinseo Materials
Operating S.C.A. The outlook at Trinseo PLC and Trinseo Materials
Operating S.C.A. remains negative.
RATINGS RATIONALE
The Ba3 rating assigned to the first lien senior secured term loan
due 2028 of Trinseo LuxCo Finance SPV S.a r.l. reflects its
advantage relative to the other first lien secured debt at Trinseo
due to a guarantee from the subsidiary that holds the equity
interest in the Americas Styrenics LLC joint venture and the fact
that any proceeds from the sale of that joint venture or Trinseo's
equity interest would be used preferentially to reduce debt under
this new term loan. The debt at TLFSPV has access to the same
collateral package as the first lien debt at Trinseo Materials
Operating S.C.A.
Trinseo's B1 Corporate Family Rating (CFR) reflects the company's
weak credit metrics offset by a diversified portfolio of businesses
that have substantial intrinsic value. Its exposure to commodity
chemicals in Europe at a time when margins for styrene, methyl
methacrylate ("MMA") and ammonium sulfate are particularly weak is
severely stressing credit metrics. Demand for many of the company's
products remains weak and exports from China continue to depress
commodity prices, especially in Europe. However, natural gas
hedging losses are expected to decline significantly going forward,
especially in the fourth quarter of 2023. Assuming lower commodity
margins through the rest of 2023 and no material increase in
volumes from first half levels, Moody's expects leverage to be
roughly 10x, but free cash flow to remain north of $80 million due
to lower working capital requirements, which will ensuring that
liquidity remains more than adequate over the next several
quarters. Credit metrics should improve sequentially through the
end of 2024 due to the steps that management has taken to improve
profitability, as well as the absence of natural gas hedging
losses, even if end market demand does not improve materially.
If Chinese domestic demand remains weak in 2024 and it continues to
export many commodities, the financial performance of Trinseo's MMA
facility in Italy will likely remain challenged. But the financial
performance of the downstream assets in its Engineered Materials
segment will improve with the closure of underperforming
operations. Moody's expects EBITDA to be closer to $350 million in
2024 and free cash flow to remain near breakeven, despite the
higher interest cost, bringing leverage back down towards 6.5x
assuming no improvement in market demand. Moody's views this as
still elevated for the B1 CFR but assumes that trough performance
will not continue into 2025. Moody's noted that there have been
small increases in some Asian commodity prices in September along
with reports that higher cost Chinese capacity has been idled.
However, this trend would need to increase in the fourth quarter of
2023 for it to result in a material improvement in commodity
prices.
The negative outlook reflects the extended weakness in financial
performance as evidenced by first half results and uncertainty over
the timing of an improvement in end-market demand. The negative
outlook is likely to remain in place until quarterly EBITDA rises
to $100 million per quarter on a sustained basis.
Trinseo's speculative grade liquidity rating remains unchanged at
SGL-3 as liquidity has remained close to, or above, $500 million.
Cash on the balance sheet at the end of the second quarter of 2023
was $270 million and it had just over $235 million of available
borrowings under its credit facility and accounts receivable
facility. Moody's expects the company to be able to generate
meaningful free cash flow of roughly $80-100 million in 2023;
however, the amount of free cash flow that the company will
generate is highly dependent on market conditions in the fourth
quarter of 2023. Lower free cash flow generation would likely be
associated with better market conditions in the fourth quarter
requiring a greater amount of working capital and likely result in
modestly weaker liquidity, but better credit metrics.
Trinseo has a $375 million revolving credit facility with no
outstanding balances at June 30, 2023; however there is a springing
financial covenant when more than 30% of the facility is
outstanding. This covenant limits secured leverage to 3.5x. As of
the end of the second quarter, this covenant was over 5x limiting
borrowing under the facility to $97 million net of $15 million of
letters of credit. The company also has access to a $150 million
accounts receivable facility, which is fully available, but limited
by eligible receivables to $139 million and matures in November
2024; also, it has no financial maintenance covenants.
FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS
An upgrade to the rating is unlikely over the next 2 years due to
Trinseo's weak financial metrics. However, the CFR could be
upgraded if Trinseo's businesses consistently generates EBITDA of
over $125 million per quarter, balance sheet debt falls by $200-300
million, and free cash flow remains above $100 million per annum.
The rating could be downgraded, if leverage remains above 5x for an
extended period and free cash flow is below $50 million.
ESG CONSIDERATIONS
Environmental, social and governance (ESG) factors are important
considerations in Trinseo's credit quality but are not drivers of
the actions. Trinseo's CIS-3 score reflects significant
environmental and social risks due to the nature of the chemicals
used and produced at its facilities. The E-5 score reflects the
amount of waste and pollution generated on an annual basis relative
to most other industries. However, Trinseo's reported emissions are
at the lower end of most commodity chemical companies. The S-4
score reflects responsible production and health and safety risks
owing to the use, or production of, hazardous, flammable or noxious
chemicals. Trinseo's G-3 score reflects the management's desire to
lower leverage and improve its credit rating, despite current
adverse market conditions.
Trinseo PLC is the world's largest producer of styrene butadiene
(SB) latex, the third largest global producer of polystyrene and a
sizable producer of PMMA and engineered polymer blends. Trinseo
typically has revenues of $4-6 billion depending on petrochemical
feedstock prices.
The principal methodology used in these ratings was Chemicals
published in June 2022.
UNIGEL LUXEMBOURG: Fitch Lowers Rating on 2026 Bonds to 'C'
-----------------------------------------------------------
Fitch Ratings has downgraded Unigel Participacoes S.A.'s (Unigel)
Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs)
to 'C' from 'CCC' and Long-Term National Scale Rating to 'C(bra)'
from 'CCC(bra)'. Fitch has also downgraded the rating on Unigel
Luxembourg S.A.'s senior unsecured bond due 2026 to 'C'/'RR4' from
'CCC'/'RR4'.
The downgrades follow Unigel's failure to pay a coupon on its
USD420 million bond due 2026, which was due on Oct. 2, 2023. The
'C' rating is in line with Fitch's rating definition for an issuer
that has entered into a grace period following non-payment of a
material financial obligation. Fitch believes that is highly
unlikely that Unigel will receive support from its shareholder or
sell its assets in a time frame that would support its liquidity.
KEY RATING DRIVERS
Missed Bond Coupon Payment: Unigel did not pay a coupon due on Oct.
2, 2023 and entered the grace period. The company has a 30-day
grace period to pay the interest before an event of default is
triggered.
Bond Repayment Uncertain: Unigel is still considering a potential
debt restructuring in the midst of a challenging market conditions.
Without additional funds, the company will need some combination of
asset sales, an equity injection from its shareholder or a
renegotiation of its natural gas supply contracts.
Fitch believes that the engagement of Moelis, which has been an
advisor for several companies that have restructured debt in
Brazil, materially reduces the creditors' willingness to provide
new financings to the group to cover its 2023 and 2024 funding
needs.
Elevated Leverage; Covenant Breach: Fitch understands that Unigel
violated its maintenance covenant on its debentures of 3.5x net
leverage in the second quarter of 2023 and has reached an agreement
with debenture holders such that its debt is not accelerated.
Unigel's financial performance is the result of deteriorating
market conditions in both the chemical and agro segments. EBITDA in
these segments decreased to BRL104 million (~USD21 million USD) in
1Q23 from BRL568 million in 1Q22 and BRL226 million in 4Q22 due to
weak prices and higher feedstock prices.
DERIVATION SUMMARY
Unigel's ratings reflect the non-payment of the bond interest and
its entry into the 30-day grace period.
RATING SENSITIVITIES
Factors that could, individually or collectively, lead to positive
rating action/upgrade:
- Resolution of the missed interest payment for the 2026 bond
within the grace period.
Factors that could, individually or collectively, lead to negative
rating action/downgrade:
- Failure to pay coupon within the grace period would result in a
downgrade to 'RD'.
- Filing for bankruptcy protection would result in a downgrade to
'D'.
ISSUER PROFILE
Unigel is a medium-size chemical producer operating in the
midstream of the petrochemical industry value chain (acrylics and
styrenics), with facilities in Brazil and Mexico.
ESG CONSIDERATIONS
Unigel Participacoes S.A. has an ESG Relevance Score of '4' for
Governance Structure due to ownership concentration and key person
risk, which has a negative impact on the credit profile, and is
relevant to the rating[s] in conjunction with other factors.
The highest level of ESG credit relevance is a score of '3', unless
otherwise disclosed in this section. A score of '3' means ESG
issues are credit-neutral or have only a minimal credit impact on
the entity, either due to their nature or the way in which they are
being managed by the entity. Fitch's ESG Relevance Scores are not
inputs in the rating process; they are an observation on the
relevance and materiality of ESG factors in the rating decision.
Entity/Debt Rating Recovery Prior
----------- ------ -------- -----
Unigel Luxembourg S.A.
senior
unsecured LT C Downgrade RR4 CCC
Unigel
Participacoes S.A. LT IDR C Downgrade CCC
LC LT IDR C Downgrade CCC
Natl LT C(bra)Downgrade CCC(bra)
=====================
N E T H E R L A N D S
=====================
ASP CHROMAFLO: $235MM Bank Debt Trades at 18% Discount
------------------------------------------------------
Participations in a syndicated loan under which ASP Chromaflo Dutch
I BV is a borrower were trading in the secondary market around 81.7
cents-on-the-dollar during the week ended Friday, October 6, 2023,
according to Bloomberg's Evaluated Pricing service data.
The $235.4 million facility is a Term loan that is scheduled to
mature on November 18, 2023. About $223.5 million of the loan is
withdrawn and outstanding.
ASP Chromaflo Dutch I B.V. produces and supplies chemicals. The
Company serves customers in the United States and the Netherlands.
PHM NETHERLANDS: $370MM Bank Debt Trades at 19% Discount
--------------------------------------------------------
Participations in a syndicated loan under which PHM Netherlands
Midco BV is a borrower were trading in the secondary market around
81.1 cents-on-the-dollar during the week ended Friday, October 6,
2023, according to Bloomberg's Evaluated Pricing service data.
The $370 million facility is a Term loan that is scheduled to
mature on August 1, 2026. The amount is fully drawn and
outstanding.
PHM Netherlands Midco B.V., is the owner of Loparex International
B.V., a developer and producer of specialty paper and film release
liners. PHM Netherlands' country of domicile is the Netherlands.
STEINHOFF INT'L: Oct. 13 Liquidation Date Set, To Delist Shares
---------------------------------------------------------------
News24 reports that the liquidators of Steinhoff International have
set a liquidation date of Oct. 13, after which it will delist and
its shares shall cease to exist.
Steinhoff's shareholders had voted to dissolve the company and
delist it from the Johannesburg and Frankfurt stock exchanges in
July, with around 99% approval during a meeting in Amsterdam that
was poorly attended, News24 relates.
The decision to delist was largely a foregone conclusion, given
that a Dutch court had already certified Steinhoff's plan to switch
from a publicly listed company owned by shareholders to a delisted
group under the control of its creditors, News24 notes.
According to News24, in exchange for delisting and handing over
economic control to its creditors, Steinhoff has been granted a
three-year debt repayment holiday. The company had been battling
in the wake of SA's biggest ever accounting scandal, and still had
about a EUR10.2 billion (R200 billion) debt burden, News24 states.
Following the delisting, Steinhoff's stock will be converted into a
type of equity called contingent value rights (CVRs). The group's
creditors will receive 80% of these CVRs, News24 discloses.
Shareholders will receive the remaining 20%, though the value of
this remains unclear, News24 says.
===========
T U R K E Y
===========
TURK TELEKOM: S&P Affirms 'B' ICR & Alters Outlook to Stable
------------------------------------------------------------
S&P Global Ratings revised the outlook on its long-term issuer
credit rating on Turk Telekom to stable from negative, in line with
the outlook on Turkiye, and affirmed its 'B' ratings.
On Sept. 29, 2023, S&P revised its rating outlook on Turkiye to
stable from negative, affirmed the 'B' global scale and 'trA/trA-1'
national scale ratings, and maintained its transfer and
convertibility (T&C) assessment at 'B'.
S&P said, "The revision of the outlook on our long-term issuer
credit rating on Turk Telekom reflects a similar action on Turkiye.
We cap our ratings on Turk Telekom at the level of our T&C
assessment on Turkiye, where Turk Telekom generates the
overwhelming majority of its cash flow. The T&C assessment reflects
our view of the likelihood that Turkiye would restrict access to
foreign currency liquidity for Turkish companies."
On Sept. 29, 2023, S&P revised its outlook on Turkiye to stable
from negative and maintained our T&C assessment at 'B'.
The stable outlook on Turk Telekom reflects that on the long-term
sovereign rating.
Downside scenario
S&P could downgrade Turk Telekom if it revised down our T&C
assessment on Turkiye to 'B-', which could result if S&P downgraded
the sovereign.
Upside scenario
S&P could raise its rating on Turk Telekom if it revised up its T&C
assessment on Turkiye to 'B+', which could result if S&P upgraded
the sovereign.
===========================
U N I T E D K I N G D O M
===========================
METRO BANK: Bank of England Seeks Potential Buyers
--------------------------------------------------
Simon Foy and Melissa Lawford at The Telegraph report that the Bank
of England has been sounding out potential buyers for Metro Bank as
the embattled lender scrambles to secure a lifeline.
High street lenders were on Oct. 7 circling Metro Bank after it
began inviting takeover bids, The Telegraph relates. EY was
brought in to hunt for a buyer after a share price plunge, driven
by concerns about Metro's balance sheet, The Telegraph states.
According to The Telegraph, one source close to the process said
that the Bank of England's Prudential Regulation Authority (PRA)
was seeking an "outright sale of Metro", adding: "EY is running
enquiries while the PRA is pulling the strings".
Santander, NatWest Group and Lloyds Banking Group were said to be
among lenders approached about a potential bid for all or parts of
Metro amid a deepening crisis at the challenger bank, The Telegraph
notes.
HSBC and JP Morgan were understood to have looked at the lender but
decided not to pursue an offer, The Telegraph discloses.
Metro's board was scrambling on Sunday, Oct. 8, to secure a rescue
deal before markets opened on Monday morning, with talks about a
possible debt or equity raise also still ongoing, according to The
Telegraph.
The lender has 2.7 million customers and 76 UK branches. Deposits
up to GBP85,000 are protected under the Financial Services
Compensation Scheme (FSCS) if an authorised bank or financial
services company fails.
Santander, Britain's fifth-biggest lender, was being advised by
Robey Warshaw on a potential offer for Metro, Sky News reported,
The Telegraph notes.
NatWest was also said to be working on a potential deal for part of
the London-listed lender, The Telegraph relays.
However, there was no certainty on Oct. 7 that any of the banks
involved would make an offer for Metro, The Telegraph states.
Metro continued to hold talks on Oct. 8 with bondholders and
shareholders to find sources of capital to boost its financial
position, The Telegraph recounts.
It emerged that the London-listed bank rejected several previously
undisclosed takeover bids from rival British lender Shawbrook,
including one last month, The Telegraph notes. Bloomberg reported
on Oct. 8 that Shawbrook was still interested in a potential deal,
The according to Telegraph.
Metro's problems began last month after the PRA told it that
capital rules around its mortgages would not be relaxed. Shares
subsequently halved in a matter of weeks, The Telegraph relates.
However, the crisis moved up a gear last week after credit ratings
agency Fitch on Oct. 4 placed Metro Bank on "negative" watch for
possible downgrades, The Telegraph discloses.
Metro hired bankers at Morgan Stanley to oversee a GBP600 million
capital raising plan in a bid to boost its finances, The Telegraph
relays.
However, rather than reassure investors, news of the plans sent the
stock plunging by more than a quarter in early trading on Thursday,
Oct. 5.
The bank subsequently announced that it was "evaluating the merits
of a range of options" to raise cash, including a possible equity
raise or an increase in debt, The Telegraph states.
The Telegraph previously revealed that the Treasury was in talks
with officials at Threadneedle Street about the situation at
Metro.
In the event of Metro being placed into a resolution process by
regulators, a taxpayer bailout is thought to be unlikely given the
relatively small scale of the lender, according to The Telegraph.
METRO BANK: Bondholders Propose GBP600-Mil. Capital Injection
-------------------------------------------------------------
Owen Walker, Laura Noonan, Stephen Morris, Robert Smith and Akila
Quinio at The Financial Times report that a group of Metro Bank
bondholders contacted the UK lender's board on Oct 2, proposing a
GBP600 million capital injection, but the company has yet to accept
the offer, according to two people familiar with the matter.
The offer remains on the table and was acknowledged by Metro -- the
first of a wave of UK lenders founded to disrupt the established
order in retail banking following the financial crisis -- in a
letter to the consortium on Friday, Oct. 6, one of the people said,
the FT relates.
The proposal came before Metro approached investors in late
September about a separate fundraising plan for a similar amount to
shore up its balance sheet, triggering a week of turmoil for the
bank, the FT notes.
Existing investors, who could lose money if the bank fails, are
looking to bolster its capital position and avoid it running into
difficulty, the FT states.
According to the FT, the Metro bondholders, who are being
represented by investment banking boutique PJT Partners, made the
proposal after the bank announced in September an indefinite delay
to UK regulatory approvals that would have significantly reduced
the cost of its mortgage business.
Its share price halved in the weeks following the disclosure of the
delay that meant that approvals for regulatory relief to reduce
capital in its mortgage business would not come until at least
2024, and might not come at all, the FT recounts.
The prospect that the bank might have to raise new funds sent
Metro's shares tumbling 26% on Thursday, Oct. 5, the FT discloses.
The stock recovered some of those losses on Friday, Oct. 6 ending
up 21%, but remained lower over the week, the FT notes.
As scrutiny of the bank increased, Metro was put on watch by Fitch
earlier last week, with the rating agency pointing to rising risks
to the lender's business model, capital position and funding, the
FT relays.
On Wednesday, Oct. 4, the FT reported that the bank had hired
Morgan Stanley as it sought to raise up to GBP600 million to shore
up its balance sheet. Morgan Stanley was seeking interest from
investors about raising GBP250 million in equity funding and GBP350
million in debt, with the bank under pressure to refinance GBP350
million of senior bonds by next October, the FT discloses.
The offer from the bondholders matches this package, the FT relays,
citing to the people with knowledge of it.
Metro has hundreds of millions of pounds of debt that can convert
into equity under so-called bail-in rules if the bank runs into
trouble, the FT says. It has to refinance GBP350 million of this
debt by October 2024, when that bond can no longer be counted
towards a capital buffer known as MREL, the FT states.
On Thursday, Oct. 5, Metro, as cited by the FT, said it was
considering a range of options, including a combination of equity
and debt issuance, as well as refinancing and asset sales.
METRO BANK: Fitch Puts 'B' LongTerm IDRs on Watch Negative
----------------------------------------------------------
Fitch Ratings has placed Metro Bank Holdings PLC's (MBH) 'B'
Long-Term Issuer Default Ratings (LT IDRs) and 'b' Viability Rating
(VR) on Rating Watch Negative (RWN). Fitch has also placed MBH's
operating subsidiary, Metro Bank PLC's 'B+' LT IDR and 'b' VR on
RWN. MBH's senior unsecured bond and Metro Bank's senior debt
programme and Tier 2 bond ratings have also been placed on RWN.
The RWN reflects its view that short-term risks to MBH's business
model stabilisation, capital buffers and funding have increased.
Fitch expects the group's earnings prospects to come under pressure
in the short term due to rising funding costs, resulting from
higher competition for deposits and given likely more expensive
access to wholesale funding. In addition, capitalisation is tight,
which in its opinion will require the bank to optimise its
risk-weighted assets (RWAs). This increases execution risk and
curtails the bank's ability to grow its business and strengthen its
profitability.
The RWN on Metro Bank's LT IDR also reflects its view that risks
surrounding MBH's ability to refinance maturing debt that qualifies
for minimum requirement for own funds and eligible liabilities
(MREL) have increased. This could reduce the protection available
to Metro Bank's senior creditors from the group's MREL buffers. MBH
is currently operating within its MREL buffer requirements and
needs to refinance a GBP350 million senior bond (4.5% of end-1H23
RWAs) by October 2024, when the bond's MREL-eligibility will
lapse.
KEY RATING DRIVERS
Holdco and Opco's VRs Aligned: MBH's LT IDR is driven by its VR.
The VR is equalised with that of Metro Bank, as the bank is highly
integrated with the holding company and Fitch expects double
leverage to remain below 120%.
Capital Constrained: MBH and Metro Bank's ratings primarily reflect
the group's weak capitalisation, as it operates within regulatory
buffers for its Tier 1 ratio, and the ensuing constraints on its
business model. The VRs are below the implied VRs of 'bb-', because
its assessment of the group's capitalisation and leverage has a
high influence on the VRs. The ratings also reflect the group's
weak profitability, healthy asset quality, and a funding and
liquidity profile that Fitch believes could come under pressure if
MBH cannot issue debt on reasonable terms and in time to replace
its maturing MREL-eligible senior bond.
Business Model Pressures: In Fitch's opinion, MBH's business
profile is highly sensitive to execution risk from the need to
improve its capital position and structural profitability. Fitch
believes the business profile has come under increasing pressure
from weaker earnings prospects and capital constraints that will
make it more difficult for the bank to increase business volumes.
Weaker Profitability Prospects: MBH's operating profit/RWAs
improved to 0.4% in 1H23 after an operating loss in 2022, helped by
higher interest rates and improved cost controls. However, Fitch
believes risks to MBH's structural profitability have increased due
to rising deposit costs and loan impairment charges, and
potentially significantly higher wholesale funding costs, given its
need to refinance its MREL-eligible bond.
Tight Capitalisation: At end-June 2023, MBH met its minimum capital
requirements with common equity Tier 1 (CET1), Tier 1 and total
capital ratios of 10.4%, 10.4% and 13.2%, respectively. However,
since the increase in the UK countercyclical buffer requirement in
July 2023, MBH has been operating within its Tier 1 capital buffer,
while it met its CET1 and total capital buffer requirements with
limited headroom. MBH is also operating within buffers for its MREL
requirements. MBH's MREL ratio at end-June 2023 was 18.1%, which is
above minimum requirements of 16.7% but below the 21.2% requirement
including non-confidential buffers.
Market Access Challenging and Expensive: Metro Bank is mainly
funded by retail and SME deposits. This resulted in a moderate
gross loans/deposits ratio of 82% at end-June 2023. About half of
the deposit base consists of retail deposits, which is supported by
the bank's store network franchise and a lower reliance on
price-sensitive deposits than some peers. However, competition is
increasing deposit pricing, and Fitch believes it will remain
challenging and expensive for the bank to issue debt in the short
term.
Opco's Long-Term IDR Uplift: Metro Bank's Long-Term IDR is one
notch above its VR because Fitch expects that its external senior
unsecured creditors will benefit from the protection provided by
MREL-eligible debt instruments that are raised and downstreamed by
MBH to Metro Bank in a subordinated manner.
RATING SENSITIVITIES
Factors that Could, Individually or Collectively, Lead to Negative
Rating Action/Downgrade
Fitch expects to resolve the RWN when there is more clarity over
the trajectory of the bank's capitalisation and funding and
ultimately its business profile.
The ratings are primarily sensitive to MBH's capitalisation. MBH
and Metro Bank's VRs could be downgraded if capital optimisation
measures, including potential reductions in RWAs, were unsuccessful
and Fitch believed that buffers over minimum capital requirements
are likely to weaken. The ratings would be downgraded, potentially
by more than one notch, if MBH cannot maintain a sufficient volume
of MREL buffer by issuing eligible instruments. Failure to come out
of buffers would also bring rating pressure.
The ratings would also come under pressure if its earnings
prospects materially weaken and delay the improvement of capital
generation. The ratings would also be downgraded if funding and
liquidity came under pressure, notably from significantly weaker
investor sentiment and if deposit stability was undermined.
Metro Bank's Long-Term IDR would be downgraded to the same level as
the bank's VR if Fitch believed that the bank's external senior
creditors would no longer benefit from resolution funds, which
could be the case if Fitch believed MBH is unable to meet its MREL
requirements within a reasonable timeframe.
The Short-Term IDRs of 'B' would be downgraded to 'C' if the
Long-Term IDRs were downgraded to 'CCC+' or below.
Factors that Could, Individually or Collectively, Lead to Positive
Rating Action/Upgrade
MBH and Metro Bank's ratings could be affirmed and removed from RWN
if the bank managed to bring sustainable relief to its capital
position without compromising structural profitability, for
instance through optimising its RWAs, if this results in improved
prospects for business model stabilisation and core profitability.
An affirmation would also be contingent on demonstrating that the
group can meet its MREL and refinance MBH's MREL-eligible senior
unsecured bond before 4Q24.
As indicated by the RWN, an upgrade of the ratings is unlikely in
the near term, given increased risks to the group's business model,
capitalisation and funding profile. Over time, the ratings could be
upgraded if there is a clear path to sustainable profitability as
well as adequate capitalisation and MREL-buffers.
OTHER DEBT AND ISSUER RATINGS: KEY RATING DRIVERS
All debt ratings have been placed on RWN, mirroring the RWN on
their anchor ratings.
Senior Unsecured Debt: MBH's senior unsecured debt is rated in line
with MBH's Long-Term IDR, with a Recovery Rating of 'RR4',
reflecting its expectations for average recoveries.
Metro Bank Senior Debt Programme: The long-term senior preferred
debt rating assigned to Metro Bank's debt issuance programme is in
line with Metro Bank's Long-Term IDR of 'B+'/RWN. The programme's
long-term senior non-preferred debt rating is one notch below
(B/RWN) for the same reason. The programme's short-term senior
preferred rating of 'B' is the only option that corresponds to the
programme's long-term rating.
Metro Bank Tier 2 Debt: Metro Bank's Tier 2 notes are rated two
notches below the VR, in line with the baseline notching in its
Bank Rating Criteria, with a Recovery Rating of 'RR6' to reflect
poor recovery prospects in case of non-viability.
MBH's Government Support Rating (GSR) of 'no support' reflects
Fitch's view that senior creditors cannot rely on extraordinary
support from the UK authorities in the event that it becomes
non-viable. This is due to UK legislation and regulations that
provide a framework requiring senior creditors to participate in
losses after a failure, and to the bank's low systemic importance.
OTHER DEBT AND ISSUER RATINGS: RATING SENSITIVITIES
MBH's senior unsecured debt rating is mainly sensitive to changes
in its Long-Term IDR. The debt rating could also be notched below
the Long-Term IDR if its loss-severity expectations increased, for
example, if MBH is unable to meet its MREL or if requirements are
materially reduced or removed.
The ratings of Metro Bank's senior debt programme are mainly
sensitive to its Long-Term IDR, as well as to its assessment of
recovery prospects upon failure. They could be downgraded if its
loss-severity expectations increase, for example, if MBH is unable
to meet its MREL or if requirements are materially reduced or
removed. Metro Bank's Tier 2 debt rating is mainly sensitive to
changes in its VR.
An upgrade of MBH's GSR would be contingent on a positive change in
the sovereign's propensity to support banks, which Fitch believes
is highly unlikely in light of the prevailing resolution regime.
VR ADJUSTMENTS
MBH and Metro Bank's VRs have been assigned below the implied VRs
due to the following adjustment reason: capitalisation and leverage
(negative).
The operating environment score of 'aa-' is in line with the 'aa'
category implied score but Fitch adjusts it downward for the
following reason: sovereign rating (negative). This is to reflect
the score is constrained by the UK sovereign rating
(AA-/Negative).
The business profile score of 'b+' has been assigned below the
'bbb' category implied score due to the following adjustment
reasons: business model (negative), strategy and execution
(negative).
The asset quality score of 'bbb' has been assigned below the 'a'
category implied score due to the following adjustment reasons:
underwriting standards and growth (negative).
The capitalisation & leverage score of 'b-' has been assigned below
the 'a' category implied score due to the following adjustment
reasons: internal capital generation and growth (negative) and
regulatory capitalisation (negative).
The funding & liquidity score of 'b+' has been assigned below the
'a' category implied score due to the following adjustment reasons:
non-deposit funding (negative).
ESG CONSIDERATIONS
The highest level of ESG credit relevance is a score of '3', unless
otherwise disclosed in this section. A score of '3' means ESG
issues are credit-neutral or have only a minimal credit impact on
the entity, either due to their nature or the way in which they are
being managed by the entity. Fitch's ESG Relevance Scores are not
inputs in the rating process; they are an observation on the
relevance and materiality of ESG factors in the rating decision.
Entity/Debt Rating Recovery Prior
----------- ------ -------- -----
Metro Bank
Holdings PLC LT IDR B Rating Watch On B
ST IDR B Rating Watch On B
Viability b Rating Watch On b
Government Support ns Affirmed ns
senior
unsecured LT B Rating Watch On RR4 B
Metro Bank
PLC LT IDR B+ Rating Watch On B+
ST IDR B Rating Watch On B
Viability b Rating Watch On b
Government Support ns Affirmed ns
subordinated LT CCC+ Rating Watch On RR6 CCC+
Senior
preferred LT B+ Rating Watch On B+
Senior
non-preferred LT B Rating Watch On RR4 B
Senior
preferred ST B Rating Watch On B
MICHAEL J LONSDALE: Suppliers, Subcontractors Owed GBP50 Million
----------------------------------------------------------------
Grant Prior at Construction Enquirer reports that suppliers and
subcontractors to collapsed M&E specialist Michael J Lonsdale are
braced for a GBP50 million+ hit.
The company's fall into administration earlier last week sent shock
waves through the industry, the Enquirer relates.
According to the Enquirer, analysis of the company's latest
accounts by the Enquirer shows for the year ended September 30,
2022, trade creditors were owed GBP51 million in outstanding
invoices.
Lonsdale ranked in the top 10 M&E firm's nationally and was one of
the major M&E management contractors in London working with major
commercial clients on large schemes like Broadgate and Battersea
Power Station's redevelopment.
When the latest results were filed it had a turnover of GBP191
million generating a pre-tax profit of GBP2.5 million, the Enquirer
discloses.
REAL PLACES: All Staff Made Redundant, Business No Future
---------------------------------------------------------
Grant Prior at Construction Enquirer reports that all staff at the
Real construction group have been made redundant as Chief Executive
Officer Paul Nicholls conceded the business "will have no future".
An email from Mr. Nicholls seen by the Enquirer delivered the bad
news to around 90 staff employed by the Real Places Ltd holding
company Oct. 4.
According to the Enquirer, it said: "Although we are not as yet in
administration and/or liquidation, it now appears inevitable that
the business will have no future and the Real Places Board, in
agreement with our principal creditor, have taken the decision to
make all staff redundant immediately."
Two subsidiary companies -- Real LSE and Real RSW -- confirmed
notices of intention to appoint administrators, the Enquirer
relates.
Latest accounts for Real Places Ltd show the group had a turnover
of GBP56.9 million for the year to February 28 2022 generating a
pre-tax loss of GBP3.7 million, the Enquirer discloses.
ROLLS-ROYCE PLC: Fitch Hikes LongTerm IDR to 'BB', Outlook Positive
-------------------------------------------------------------------
Fitch Ratings has upgraded Rolls-Royce plc's Long-Term Issuer
Default Rating (IDR) and senior unsecured rating to 'BB' from
'BB-'. The Outlook on the IDR is Positive. The Recovery Rating is
'RR4'.
The upgrade reflects Rolls Royce's improvement in key credit
metrics including profitability, free cash flow (FCF) generation
and leverage to levels above the previous upgrade sensitivities,
which Fitch believes are sustainable.
The Positive Outlook reflects its expectation that credit metrics
are likely to continue improving in the short-to-medium term to
levels that are strong for the 'BB' category. This stems from its
belief that recovery in the civil aerospace segment, including
wide-body engine flying hours (EFH) will soon reach pre-pandemic
levels while the continued EBITDA margin improvement will also be
driven by the transformation programme currently underway. Further
record in the improvement in key credit metrics in the short term
will likely lead to an upgrade.
KEY RATING DRIVERS
Earnings Improvement to Continue: Fitch expects Rolls Royce's EBIT
and EBITDA margins to continue to improve in the short term to
levels that are strong for the 'BB' category under its Aerospace &
Defence Navigator. The EBIT margin is forecast to exceed 8% in 2023
(2022: 4.5%), while the EBITDA margin is expected to reach over 13%
(2022: 10.2%).
The margin improvement is driven by higher volumes, commercial
improvements and cost efficiencies mainly in the civil and defence
segments. Despite persisting, albeit diminishing, challenges from
inflation and supply chain constraints, Fitch believes Rolls Royce
is now better placed to manage this volatility.
Stronger FCF: Fitch expects Rolls to materially improve its FCF
generation in the short term, driven by the underlying improvement
in the civil aerospace business as well as cost structure
improvements stemming from the recently announced transformation
plan. Fitch expects the FCF margin to be above 5% in 2023 (2022:
5.2%) and for it remain to above that level in the medium term.
Underpinning these assumptions are stable working capital cash
flows through the cycle, capex of around 5% of revenue and a modest
shareholder return policy being re-instated in the medium term.
Leverage Improving: In addition to the full long-term impact from
the completed restructuring measures and proceeds from the ITP Aero
sale in 2022, Fitch expects leverage metrics to continue to improve
over its rating horizon due to improvement in profitability and the
repayment of the bond maturing in 2024. Fitch expects EBITDA gross
leverage to improve to under 2x by end-2024, from 3.0x at end-2022,
a level broadly in line with investment-grade companies in the
sector.
Liquidity Supports Rating: Rolls-Royce has continued to maintain a
strong liquidity position, which totaled GBP7.4 billion at
end-1H23, including GBP2.9 billion of cash on hand and an undrawn
GBP2.5 billion revolving credit facility. The company also has two
undrawn GBP1 billion UKEF-backed facilities, which mature in 2026
and 2027. Rolls-Royce is largely protected from higher refinancing
interest rates in the medium term as its debt is locked in at fixed
rates.
Solid Demand: Its expectations for Rolls Royce's recovery are
supported by a strong order backlog across all segments. In civil
aerospace the large engine orderbook reached 1,405 engines at
end-1H23 (over three years of deliveries at 2023 production rates),
up from 1,282 at end-2022. In defence the order backlog at end-1H23
was GBP8.9 billion (around 2.5x expected 2023 revenue), up from
GBP8.5 billion at end-2022, with a book to bill of 1.4x. The order
backlog for power systems stood at GBP3.9 billion at end-1H23
(around 1x 2023 expected revenue) with GBP1.9 billion received in
1H23 and a book to bill for the of 1.1x. This is a record level of
order cover for power systems, which covers the division's 2H23
sales and 32% of its 2024 sales.
Market Recovery Challenges: While the aerospace and defence
industry has been steadily recovering from the pandemic, it has
been dominated by narrow body aircraft and engine demand, a segment
in which Rolls-Royce does not have a significant share. Demand for
wide-body aircraft and related engines has lagged that of the
narrow bodies and is only expected to reach 2019 levels by
end-2025. Supply chain challenges, particularly a shortage of
semi-conductors and forgings have also disrupted production along
with fires at two suppliers' premises. Such pressures have eased
from their peak in 2021 but have persisted for longer than expected
and now are expected to last until mid-2024.
Rolls Royce's established positions as prime contractor status for
wide-body engine manufacture and position on long-term defence
programmes, mean it will continue to benefit from the recovery of
wide body aircraft production overall global growth in defence
expenditure driven by geopolitical conflicts and tensions.
Conservative Financial Policy: In line with management's recently
announced strategy, Fitch expects conservative financial policies
to form an underlying core of the group's wider business strategy.
Fitch expects bonds maturing in 2024 and 2025 to be repaid from FCF
generation and do not expect shareholder distributions in the short
term. Fitch also expects capex to remain at about 5% of revenue in
the short-to-medium term.
DERIVATION SUMMARY
Rolls-Royce's business profile remains strong for its rating
although its assessment of certain business profile factors has
weakened (including innovation and revenue visibility) during the
pandemic while its product diversification remains significantly
exposed to the slowest recovery segments of commercial aerospace,
which are wide-body aircraft and associated aftermarket engine
services. Its completed restructuring and recapitalisation have
improved its capital structure and liquidity, respectively,
providing some operating headroom.
Its business profile reflects strong revenue and geographical
diversification and a high portion of turnover sourced from service
activities. The growth in these service activities is supporting
higher margins and improving cash flow. Its broad operational
profile firmly positions the group's business risk profile against
that of global peers, such as Lockheed Martin Corporation
(A-/Stable), Airbus SE (A-/Stable, MTU Aero Engines (BBB/Stable)
and The Boeing Company (BBB-/Stable).
Rolls-Royce's financial risk profile has recently been
significantly weaker than major peers', due to weaker profitability
and cash generation resulting from operational problems, and
significant short-term deterioration due to the pandemic. However,
given the significant operational restructuring that Rolls-Royce
has undergone and improving market conditions Fitch forecasts their
financial metrics to continue to improve and be strong for the 'BB'
rating category.
No Country Ceiling, parent/subsidiary or operating environment
aspects affect the ratings.
KEY ASSUMPTIONS
Key Assumptions Within Its Rating Case for the Issuer:
- Continued rebound in EFH in 2023 to approximately 83% of 2019
levels
- Strong revenue growth of 12.3% for 2023, driven by the continued
recovery in civil aerospace, strong performance in power systems
and a stable defence outlook
- Underlying EBIT margins to improve significantly in 2023, then
gradually improving to 2026
- Repayment of bonds in 2024 and 2025
- No dividend distribution before 2026
- Small working-capital outflow each year to 2026, in line with
revenue growth
RATING SENSITIVITIES
Factors That Could, Individually or Collectively, Lead to Positive
Rating Action/Upgrade:
- Gross debt/EBITDA below 3.5x
- FCF margin above 2%
- (Cash flow from operations (CFO) less capex)/total debt above
10%
- EBITDA margin above 12%
Factors That Could, Individually or Collectively, Lead to Negative
Rating Action/Downgrade:
- Gross debt/EBITDA above 4x
- FCF margin below 1%
- EBITDA margin below 10%
- (CFO less capex)/total debt below 5%
LIQUIDITY AND DEBT STRUCTURE
Strong Liquidity: Rolls-Royce's had strong liquidity of GBP7.4
billion at end-1H23, including GBP2.9 billion of cash on hand and
an undrawn GBP2.5 billion revolving credit facility. They also have
two undrawn GBP1 billion UKEF-backed facilities, which mature in
2026 and 2027. Due to the high levels of liquidity the group has
cancelled its GBP1 billion bank loan facility that was due to
expire in January 2024.
ISSUER PROFILE
Rolls-Royce is a leading UK based multinational engineering
business focused on the design, development, manufacture and
servicing of integrated power systems for use in air, on land and
at sea.
ESG CONSIDERATIONS
Rolls-Royce has an ESG Relevance Score of '4' for Financial
Transparency due to complexities and somewhat limited disclosure
regarding certain balance-sheet components, notably working
capital, which has a negative impact on the credit profile, and is
relevant to the ratings in conjunction with other factors.
The highest level of ESG credit relevance is a score of '3', unless
otherwise disclosed in this section. A score of '3' means ESG
issues are credit-neutral or have only a minimal credit impact on
the entity, either due to their nature or the way in which they are
being managed by the entity. Fitch's ESG Relevance Scores are not
inputs in the rating process; they are an observation on the
relevance and materiality of ESG factors in the rating decision.
Entity/Debt Rating Recovery Prior
----------- ------ -------- -----
Rolls-Royce plc LT IDR BB Upgrade BB-
senior
unsecured LT BB Upgrade RR4 BB-
SPORTRADAR MANAGEMENT: Fitch Affirms 'BB-' IDR, Outlook Stable
--------------------------------------------------------------
Fitch Ratings has affirmed Sportradar Management Ltd (SRAD)
Long-Term Issuer Default Rating (IDR) at 'BB-'. The Outlook on the
IDR is Stable.
The affirmation reflects SRAD's prepayment of all its debt
outstanding under its EUR420 million senior secured term loans in
December 2022. Its EUR220 million revolving credit facility (RCF)
remained undrawn at end-2Q23 when gross leverage was close to zero.
Fitch does not expect the company to draw down on its available
debt facilities to fund M&A in 2023, which should lead to
significant leverage headroom.
Rating constraints include a lack of commitment to a target
leverage policy, exposure to sports rights inflation risk and
EBITDA margin pressures. The sports data rights industry remains
fragmented and may benefit from consolidation via economies of
scale. M&A event risk remains a constraint on the rating.
SRAD's rating is supported by its low leverage, strong EBITDA
growth drivers and cash flow visibility due to low customer churn
and an asset-light business model.
KEY RATING DRIVERS
Term Loans Prepaid: Following its full prepayment of its euro term
loan facilities in 2022 and with no subsequent draws on its RCF,
SRAD's debt was low at around EUR1 million at end-2Q23. Using
excess cash to prepay debt over shareholder returns or debt-funded
M&A demonstrates a conservative approach to financial policy even
though M&A risk is high.
M&A Event Risk Remains: SRAD's 2023 EBITDA leverage will be well
below its threshold for an upgrade but the lack of a public
commitment to a long-term leverage target has prevented Fitch from
taking a positive rating action. It operates in fragmented markets
where incentives for acquisitions are high given new data rights,
product capabilities or developer talent with cost saving
opportunities. SRAD's robust M&A pipeline with its lack of a
leverage policy commitment could see debt-funded acquisitions drive
up leverage.
Interest Savings Aid Financial Flexibility: Cash interest costs
excluding leases and accrued license fees payable were just under
EUR16 million in 2022 or around 19% of Fitch-defined EBITDA.
Interest expense savings resulting from the prepayment should drive
free cash flow (FCF) margin higher from 2023. With EUR264 million
cash at end-2Q23, SRAD has ample financial flexibility to manage
working capital and capex requirements, continue investing in its
products or to make bolt-on acquisitions.
Limited Customer Churn: SRAD's customer retention rates remained
high at 120% in 2Q23, after having been strong over the last two
years. Fitch views disintermediation risk as limited and so expect
customer churn rates to remain low. Its customer base is broad with
good product diversification. SRAD works with small betting
customers to large international gaming and media companies.
Smaller customers increasingly outsource operations to SRAD for
higher-margin products like managed trading services (MTS) given
the high expense required to compete with the odds pricing
resources of larger betting companies. Larger customers typically
work with SRAD on odds and live event data, which is expensive and
inefficient to collect for lower popularity or remote location
sports.
Sports Rights Inflation Constrain Margins: Over the last two years
SRAD has completed several major sports rights deals. These include
exclusive betting data and video rights with both the National
Basketball Association (NBA) and Association of Tennis
Professionals (ATP). Such deals are critical in gaining market
share with sportsbooks in the US, a market that is still developing
and growing rapidly given the ongoing legalisation of sports
betting. Fitch believes its high growth potential in the US has
driven inflation in the cost of these rights. Both the NBA and ATP
deals will be live in 2024 and the cost of acquiring these rights
will constrain margin growth.
US EBITDA Growth Momentum: SRAD saw its fourth consecutive quarter
of EBITDA growth for 2Q23 in the US with EBITDA margins at 14%,
versus a negative margin the year before. High operating leverage
caused by expensive sports rights should mean that as revenue
growth continues EBITDA margin should too rise, albeit constrained
by rights inflations on renewals. Thirty-five states have now
legalised sports betting and more are set to follow suit, albeit at
a slower pace than in recent years. SRAD's exclusive data rights
portfolio, increased penetration of in-play betting and contracts
with media and betting companies position it well to retain its
leading position in a high-growth market.
Contract Renewal Risk: SRAD has multi-year partnerships for the
official data rights to three of four major sports leagues in the
US. As some of the most popular sports in the country, their market
potential for sports betting is high. While SRAD will still be able
to collect lower latency data without agreements from these
leagues, losing access to the official data feeds could affect its
ability to maintain or grow its market share. Its Major League
Baseball (MLB) deal will soon expire. Given legalisation
developments in the US since the MLB deal was signed the value of
the rights has increased, which Fitch expects to result in higher
prices on a re-tender of the rights.
DERIVATION SUMMARY
SRAD's Fitch-defined EBITDA of below EUR100 million is smaller than
that of publicly rated data analytics business services peers such
as Dun & Bradstreet Holdings, Inc. (BB-/Positive). It has strong
geographic diversification and good contracted revenue visibility.
SRAD has weaker product diversification than Dun & Bradstreet, with
full exposure to the betting industry and exposure to sports rights
renewal and inflation risk.
SRAD is the leader in a rapidly growing market, with revenue growth
exceeding its mature investment grade-rated peers'. Following its
debt repayment, its financial profile will become more consistent
with investment grade-rated data analytics and media companies'.
SRAD is exposed to betting risk in MTS where it typically takes a
share of trading profits or losses. In its view, its business model
compares favourably with traditional bookmakers'. It has no
physical retail stores, is a clear leader in a market with only
four main competitors, is not as directly exposed to betting
volumes or regulatory pressures, and is geographically
diversified.
KEY ASSUMPTIONS
- Organic revenue growth of 23.6% in 2023 with rest of world
betting and the US the biggest contributors. This is followed
by average organic revenue growth of 10% for 2024-2026
- Fitch-defined EBITDA margin to grow slightly in 2023, before
contracting in 2024 to reflect the impact of higher
sports-rights costs. This is followed by gradual EBITDA margin
growth to 12.8% by 2026 on high operating leverage and revenue
growth
- Total sports rights expense (including depreciation) at 26%-27%
of revenue between 2023 and 2026
- Capex (excluding sports rights) at 1% of revenue to 2026
- Small working-capital outflows between 2023 and 2025
- No new M&A other than those announced
- No dividends or other shareholder payments between 2023 and
2026
RATING SENSITIVITIES
Factors That Could, Individually or Collectively, Lead to Positive
Rating Action/Upgrade:
- A positive rating action is not expected unless EBITDA
significantly increases while EBITDA margin rises above
15%, and if the company commits to managing Fitch-defined
total debt/EBITDA below 3.0x on a sustained basis
Factors That Could, Individually or Collectively, Lead to Negative
Rating Action/Downgrade:
- Fitch-defined total debt / EBITDA above 4.0x on a sustained
basis
- Fitch-defined EBITDA margin expected to remain below 12% on
a sustained basis
- FCF margin falling below 5%
- EBITDA interest coverage falling below 2.5x
LIQUIDITY AND DEBT STRUCTURE
Strong Liquidity: At end-2Q23, SRAD had cash and cash equivalents
of EUR264 million and an undrawn EUR220 million RCF. The company is
in a net cash position and is expected to generate stable positive
FCF over the next four years. Refinancing risk is limited and
interest coverage should be sufficient over the next four years.
Generic Approach for Senior Secured Debt: Fitch rates SRAD's senior
secured rating at 'BB+' in accordance with its Corporates Recovery
Ratings and Instrument Ratings Criteria, under which Fitch applies
a generic approach to instrument notching for 'BB' rated issuers.
Fitch labels SRAD's debt as 'category 2 first lien' under its
criteria, thus resulting in a Recovery Rating of 'RR2', with a
two-notch uplift from the IDR to 'BB+'.
ISSUER PROFILE
SRAD is a leading service provider of end-to-end sports data
analytics solutions to both betting and media industries, as well
as to sport federations and authorities.
ESG CONSIDERATIONS
SRAD has an ESG Relevance Score of '4' for Exposure to Social
Impacts due to increasing regulatory scrutiny on the sector,
greater awareness around social implications of gaming addiction
and an increasing focus on responsible gaming, in the UK and
increasingly in other markets where the company is present. This
factor has a negative impact on the credit profile, as already
reflected in the rating, and is relevant to the rating in
conjunction with other factors.
The highest level of ESG credit relevance is a score of '3', unless
otherwise disclosed in this section. A score of '3' means ESG
issues are credit-neutral or have only a minimal credit impact on
the entity, either due to their nature or the way in which they are
being managed by the entity. Fitch's ESG Relevance Scores are not
inputs in the rating process; they are an observation on the
relevance and materiality of ESG factors in the rating decision.
Entity/Debt Rating Recovery Prior
----------- ------ -------- -----
Sportradar Capital S.a.r.l
senior secured LT BB+ Affirmed RR2 BB+
Sportradar
Management Ltd LT IDR BB- Affirmed BB-
VICTORIA PLC: Fitch Affirms LongTerm IDR at 'BB-', Outlook Stable
-----------------------------------------------------------------
Fitch Ratings has affirmed Victoria PLC's Long-Term Issuer Default
Rating (IDR) at 'BB-' with a Stable Outlook. Fitch has also
affirmed Victoria's senior secured notes at 'BB+' with a Recovery
Rating of 'RR2'.
The rating balances Victoria's high leverage with the group's good
diversification and strong market position. Victoria's exposure
towards higher-end customers supports its ability to pass on
incremental costs without a major impact on their volumes in a
recessionary environment.
The Stable Outlook reflects the group's strong ability to integrate
its new acquisitions, resulting in incremental EBITDA across the
rating horizon to 2026. Despite a delay in deleveraging compared
with Fitch's expectations, strong working-capital management and
limited growth capex are likely to result in positive free cash
flow (FCF) generation to promote deleveraging from 2025.
KEY RATING DRIVERS
Delay in Deleveraging: Fitch forecasts Victoria's EBITDA gross and
net leverage to remain high at 4.1x and 3.8x, respectively, for
FY24 (year end April), which is slower deleveraging than Fitch's
previous forecasts. The delay is largely due to
higher-than-expected debt resulting from greater-than-expected
one-off restructuring costs and higher-than-normal growth capex.
Fitch does not expect further material restructuring costs from
FY25 and expects EBITDA net leverage to recover to below 3.0x by
FY25.
Lower Capex Drives Positive FCF: Fitch forecasts positive FCF
across the rating horizon on successful integration of its
acquisitions during FY23-FY24. Victoria's FCF was negative in FY23
due to higher one-time expansionary capex and exceptional cash
outflows to remodel its manufacturing capability following its
recent acquisitions. Fitch expects capex to remain at 4%-5% of
overall revenue across the rating horizon, which coupled with
imminent working-capital improvement, should result in sustainable
positive FCF.
Sensitivity to Preferred Share Repayment: Fitch believes Victoria
will use its FCF generation to deleverage its balance sheet and to
improve its capital structure. It is planning to redeem a portion
of its high-cost preferred shares during FY24-27 along with a
reduction in gross debt. Fitch treats the redemption of preference
shares similar to share buyback. Fitch views the preference shares
as a permanent part of Victoria's capital structure and treats them
as 100% equity. Given minimal net leverage headroom, larger-than
expected redemptions could derail deleveraging and may be negative
for the ratings.
Successful Integration of Acquisitions: Victoria's revenue grew by
a CAGR of around 50 since FY21, driven mostly by acquisitions.
Victoria completed seven acquisitions during FY22-FY23 costing
close to GBP240 million. Fitch's base case does not factor in any
major acquisitions in the next three to four years, and assumes
that Victoria will generate operational synergies from FY25,
contributing to incremental EBITDA generation.
Improving Diversification: Victoria's business risk profile has
improved as result of recent acquisitions, which increase both its
geographical and product diversification. The synergies of the
US-based distribution business Cali Bamboo with the rest of the
group have increased revenues from the US, and improved
diversification through exposure to the ceramic tile segment.
Further, management aims to take advantage of its existing products
in the US to improve overall EBITDA generation.
Victoria has also diversified its products, increasing the share of
luxury vinyl tile (LVT), as well broadening its presence in
artificial grass. The diversification should help limit its
exposure to cyclicality during market downturns.
Low Customer Concentration, Strong Brand: Victoria's customer base
is diversified, largely composed of small independent retailers and
with limited exposure to third-party distributors. This limits
customer concentration, with the top 10 representing less than 20%
of sales in FY22-FY23 and providing Victoria with some pricing
power. It has built a strong brand/loyalty leading to long-term
relationships with its customers. Its operational integration and
manufacturing flexibility enable the group to quickly customise
products, limiting the need to maintain high stock levels for
retailers and working capital.
DERIVATION SUMMARY
Victoria is around one-tenth of the size of Mohawk Industries Inc.
(BBB+/Stable), the world's leading flooring manufacturer, is less
diversified geographically and exhibits higher leverage metrics. In
its view, Victoria's business profile is consistent with the 'BB'
category with notable strength in diversification and product
portfolio for its size.
Its profitability has benefitted from the higher-margin ceramic
businesses it has acquired over the last five years, although this
is being challenged by inflationary pressures and lower margins
from the distribution and Balta acquisitions.
However, Victoria has limited end-market diversification with
significant exposure towards the residential market than global
manufacturers such as Mohawk or other large building products
companies such as Compagnie de Saint-Gobain, which are also present
in commercial markets. This is, however, common among small to
medium-sized suppliers such as HESTIAFLOOR 2 (Gerflor; B/Stable) or
Tarkett Participation (Tarkett; B+/Stable), which are mostly
exposed to the commercial sector.
Gerflor is similar in scale and margins to Victoria, while Tarkett
is slightly larger but with weaker margins; however, both have
higher leverage resulting in the ratings being a notch lower than
Victoria's.
KEY ASSUMPTIONS
- Revenue to grow 2%-2.5% in FY24 and 5%-7% in FY25-FY27
- EBITDA margin to increase to 12% in FY24 and close to 15% by
FY27
- Capex at 4%-5% of revenue to FY27
- No major restructuring costs from 2025
- Cumulative M&As of GBP40 million in FY24-FY27
- Preferential equity redemption in line with management guidance
RATING SENSITIVITIES
Factors That Could, Individually or Collectively, Lead to Positive
Rating Action/Upgrade:
- Continued improvement in geographical diversification
- EBITDA net leverage below 1.5x
- EBITDA margin above 14%
Factors That Could, Individually or Collectively, Lead to Negative
Rating Action/Downgrade:
- Forecasted EBITDA net leverage not reducing below 3.0x by FY25
- FCF margin net of share repurchase/preference share redemption at
below 2% from FY25
- EBITDA margin less than 11%
- Inability to effectively integrate its acquisitions
LIQUIDITY AND DEBT STRUCTURE
Ample Liquidity: In FY23, Victoria's liquidity was supported by
around GBP83 million of readily available cash (after Fitch's
adjustment for working-capital adjustments) and an GBP137.5 million
undrawn committed revolving credit facility maturing in FY26. Fitch
forecasts Victoria to generate positive FCF over the rating horizon
to FY27. It has loans due in less than one year of £87.5m at the
end of FY23.
Long-Dated Debt Structure: Victoria's debt maturity profile
comprises EUR500 million senior secured notes due in August 2026
and EUR250 million notes due in March 2028. The group has access to
an GBP150 million RCF due in FY26. The long-dated debt maturity
profile supports financial flexibility and limits refinancing
risk.
ISSUER PROFILE
Victoria is an AIM-listed UK-based company designing, manufacturing
and distributing flooring products including carpet, ceramic tiles,
underlay, luxury vinyl tiles, artificial grass and flooring
accessories.
ESG CONSIDERATIONS
Victoria has an ESG Relevance Score of '4' for Financial
Transparency, due to an auditor qualification regarding restriction
in scope of audit and high value cash payments in Hanover Flooring
Limited. Though the materiality of this qualification seems
minimal, this may have a negative impact on the credit profile, and
is relevant to the ratings in conjunction with other factors.
The highest level of ESG credit relevance is a score of '3', unless
otherwise disclosed in this section. A score of '3' means ESG
issues are credit-neutral or have only a minimal credit impact on
the entity, either due to their nature or the way in which they are
being managed by the entity. Fitch's ESG Relevance Scores are not
inputs in the rating process; they are an observation on the
relevance and materiality of ESG factors in the rating decision.
Entity/Debt Rating Recovery Prior
----------- ------ -------- -----
Victoria PLC LT IDR BB- Affirmed BB-
senior secured LT BB+ Affirmed RR2 BB+
[*] UK: Jul-Sept Construction-Company Administrations Total 101
---------------------------------------------------------------
Ben Vogel at Construction News reports that the three months from
July to September saw 101 construction-company administrations -- a
record quarterly total since Construction News began publishing
monthly data from Creditsafe in January 2020.
According to Construction News, the September total of 28 business
failures marked a 40% increase compared with the same month last
year, when 20 firms went under. And administrations for the year
to date (275) are 54% higher than the first nine months in 2022,
Construction News discloses.
Crowe UK head of recovery solutions Vince Green said that ongoing
high inflation continued to squeeze margins across the construction
sector, especially for contractors operating under fixed-price
contracts, Construction News relates.
"We have seen several recent situations where core projects have
become onerous for the companies involved," Construction News
quotes Mr. Green as saying. "The relatively high Bank of England
base rate, which has increased four percentage points over the past
12 months, is also resulting in higher cost of borrowing and
therefore further squeezing profitability and available liquidity
for companies.
"In addition, the shockwaves of recent larger insolvencies in the
sector have yet to fully play out in the industry and we may see
further failures in the near term from subcontractors who have
substantial exposure."
Mani Singh, senior account manager at Tryg Garanti, described a
"very challenging" business climate for construction firms in the
fourth quarter of this year and beyond, Construction News notes.
===============
X X X X X X X X
===============
[*] BOND PRICING: For the Week October 2 to October 6, 2023
-----------------------------------------------------------
Issuer Coupon Maturity Currency Price
------ ------ -------- ------- -----
Republic of Austria Gov 0.850 6/30/2120 EUR 38.067
MC Brazil Downstream Tr 7.250 6/30/2031 USD 63.557
Vedanta Resources Ltd 6.125 8/9/2024 USD 64.872
Altice France Holding S 8.000 5/15/2027 EUR 47.042
Tele Columbus AG 3.875 5/2/2025 EUR 64.643
Altice Finco SA 4.750 1/15/2028 EUR 63.377
Atento Luxco 1 SA 8.000 2/10/2026 USD 0.459
Altice France Holding S 10.500 5/15/2027 USD 51.544
United Kingdom Gilt 0.625 7/31/2035 GBP 64.443
Unigel Luxembourg SA 8.750 10/1/2026 USD 38.757
EnfraGen Energia Sur SA 5.375 12/30/2030 USD 72.565
Tullow Oil PLC 7.000 3/1/2025 USD 69.751
Vedanta Resources Finan 8.950 3/11/2025 USD 66.583
Samhallsbyggnadsbolaget 2.875 EUR 9.777
Heimstaden AB 4.375 3/6/2027 EUR 52.018
Pro-Gest SpA 3.250 12/15/2024 EUR 70.518
DIC Asset AG 2.250 9/22/2026 EUR 52.863
Samhallsbyggnadsbolaget 2.250 8/12/2027 EUR 59.156
Ukraine Government Inte 7.750 8/1/2041 USD 46.653
Trinseo Materials Opera 5.125 4/1/2029 USD 54.031
Casino Guichard Perrach 4.498 3/7/2024 EUR 1.445
Samhallsbyggnadsbolaget 1.750 1/14/2025 EUR 74.086
SBB Treasury Oyj 1.125 11/26/2029 EUR 54.139
Samhallsbyggnadsbolaget 2.624 EUR 10.145
DEMIRE Deutsche Mittels 1.875 10/15/2024 EUR 62.531
Barclays PLC 4.375 USD 68.125
Samhallsbyggnadsbolaget 1.125 9/4/2026 EUR 64.399
Gol Finance SA 7.000 1/31/2025 USD 59.004
Braskem Netherlands Fin 5.875 1/31/2050 USD 74.362
Standard Chartered PLC 4.300 USD 75.955
SBB Treasury Oyj 0.750 12/14/2028 EUR 54.801
United Kingdom Inflatio 0.125 3/22/2051 GBP 74.535
Casino Guichard Perrach 3.992 EUR 0.337
Altice France SA/France 3.375 1/15/2028 EUR 69.731
ams-OSRAM AG 2.125 11/3/2027 EUR 69.889
Samhallsbyggnadsbolaget 2.625 EUR 10.247
Atos SE 1.000 11/12/2029 EUR 59.940
Kenbourne Invest SA 4.700 1/22/2028 USD 59.895
French Republic Governm 0.750 5/25/2053 EUR 50.249
Altice France Holding S 4.000 2/15/2028 EUR 38.708
BNP Paribas SA 4.500 USD 72.391
Heimstaden AB 6.750 EUR 39.575
United Kingdom Gilt 1.125 1/31/2039 GBP 61.605
Vedanta Resources Finan 9.250 4/23/2026 USD 60.231
Canary Wharf Group Inve 3.375 4/23/2028 GBP 64.230
Thames Water Kemble Fin 4.625 5/19/2026 GBP 67.475
Casino Guichard Perrach 4.022 EUR 0.265
Mitsubishi UFJ Investor 8.326 12/15/2050 EUR 46.744
Altice France SA/France 5.125 7/15/2029 USD 69.787
Casino Guichard Perrach 4.048 8/5/2026 EUR 1.500
Altice France SA/France 4.250 10/15/2029 EUR 69.057
Liquid Telecommunicatio 5.500 9/4/2026 USD 62.855
Heimstaden AB 7.896 10/15/2025 SEK 62.011
Intrum AB 3.500 7/15/2026 EUR 74.955
Heimstaden AB 4.250 3/9/2026 EUR 51.354
Vivion Investments Sarl 3.500 11/1/2025 EUR 73.517
La Financiere Atalian S 4.000 5/15/2024 EUR 72.485
Altice France Holding S 6.000 2/15/2028 USD 41.416
Maxeda DIY Holding BV 5.875 10/1/2026 EUR 73.647
Heimstaden Bostad AB 3.248 EUR 56.070
Casino Guichard Perrach 5.250 4/15/2027 EUR 1.500
Herens Midco Sarl 5.250 5/15/2029 EUR 53.750
Global Fashion Group SA 1.250 3/15/2028 EUR 72.180
AI Candelaria Spain SA 5.750 6/15/2033 USD 72.532
Castellum AB 3.125 EUR 72.264
Citycon Oyj 4.496 EUR 65.840
Casino Guichard Perrach 6.625 1/15/2026 EUR 1.512
Ukraine Government Inte 7.750 9/1/2024 USD 33.724
Ukraine Government Inte 6.750 6/20/2028 EUR 26.690
BNP Paribas SA 4.625 USD 72.589
AT Securities BV 7.747 USD 44.500
Ukraine Government Inte 7.750 9/1/2026 USD 29.840
Metalcorp Group SA 8.500 6/28/2026 EUR 1.975
Intrum AB 3.000 9/15/2027 EUR 66.636
United Kingdom Gilt 0.875 1/31/2046 GBP 47.777
Ukraine Government Inte 4.375 1/27/2032 EUR 24.363
Codere Finance 2 Luxemb 12.750 11/30/2027 EUR 25.000
State of North Rhine-We 0.950 1/10/2121 EUR 37.072
Fastighets AB Balder 2.873 6/2/2081 EUR 66.847
Allianz SE 3.875 USD 68.069
Heimstaden Bostad AB 2.625 EUR 42.916
Standard Chartered PLC 4.750 USD 74.500
gategroup Finance Luxem 3.000 2/28/2027 CHF 66.231
Unibail-Rodamco-Westfie 2.125 EUR 74.067
GTC Aurora Luxembourg S 2.250 6/23/2026 EUR 71.802
United Kingdom Gilt 1.750 9/7/2037 GBP 70.701
Dignity Finance PLC 4.696 12/31/2049 GBP 60.801
United Kingdom Gilt 1.250 10/22/2041 GBP 58.751
Banco Santander SA 3.625 EUR 64.961
Aegon NV 3.939 USD 75.808
Clariane SE 2.250 10/15/2028 EUR 64.534
Ideal Standard Internat 6.375 7/30/2026 EUR 62.614
Fastighets AB Balder 1.250 1/28/2028 EUR 72.825
Prosus NV 4.987 1/19/2052 USD 66.521
Grand City Properties S 2.500 EUR 49.843
VTR Finance NV 6.375 7/15/2028 USD 43.350
Turkey Government Bond 10.500 8/11/2027 TRY 72.150
Altice France SA/France 5.500 1/15/2028 USD 73.991
Coruripe Netherlands BV 10.000 2/10/2027 USD 73.071
Heimstaden AB 9.753 SEK 40.693
ING Groep NV 3.875 USD 74.001
United Kingdom Gilt 1.625 10/22/2071 GBP 46.266
Romanian Government Int 2.875 4/13/2042 EUR 60.941
Kernel Holding SA 6.500 10/17/2024 USD 69.167
Casino Guichard Perrach 3.580 2/7/2025 EUR 1.500
Canary Wharf Group Inve 1.750 4/7/2026 EUR 69.268
Heimstaden Bostad Treas 1.625 10/13/2031 EUR 61.784
Romanian Government Int 2.000 1/28/2032 EUR 73.167
Grand City Properties S 1.500 EUR 42.759
MorphoSys AG 0.625 10/16/2025 EUR 72.600
Altice France SA/France 5.500 10/15/2029 USD 70.569
United Kingdom Inflatio 0.125 11/22/2065 GBP 71.732
Eolo SpA 4.875 10/21/2028 EUR 72.010
Deutsche Bank AG 4.625 EUR 71.845
Teva Pharmaceutical Fin 4.100 10/1/2046 USD 63.837
Romanian Government Int 2.750 4/14/2041 EUR 60.923
Deutsche Bank AG 4.500 EUR 73.393
Kernel Holding SA 6.750 10/27/2027 USD 59.158
Carnival PLC 1.000 10/28/2029 EUR 66.381
Heimstaden AB 8.638 4/14/2025 SEK 67.573
Altice France SA/France 4.125 1/15/2029 EUR 69.570
Heimstaden Bostad AB 3.625 EUR 44.883
Aroundtown SA 2.125 EUR 34.481
Gol Finance SA 8.000 6/30/2026 USD 55.133
Nordea Bank Abp 3.750 USD 75.193
UBS Group AG 0.625 1/18/2033 EUR 69.664
UBS Group AG 4.375 USD 73.000
Ukraine Government Inte 7.750 9/1/2025 USD 32.945
ATF Netherlands BV 7.078 EUR 44.033
Unicaja Banco SA 4.875 EUR 71.510
Hellenic Republic Gover 1.875 1/24/2052 EUR 60.743
Ukraine Railways Via Ra 8.250 7/9/2026 USD 43.414
Heimstaden Bostad AB 3.375 EUR 46.171
Aragvi Finance Internat 8.450 4/29/2026 USD 66.775
Aroundtown SA 0.375 4/15/2027 EUR 74.233
NAK Naftogaz Ukraine vi 7.625 11/8/2026 USD 39.647
Mallinckrodt Internatio 10.000 6/15/2029 USD 16.375
Euroboden GmbH 5.500 10/1/2024 EUR 1.307
Ukraine Government Inte 9.750 11/1/2030 USD 29.844
Russian Foreign Bond - 5.100 3/28/2035 USD 35.466
Abengoa Abenewco 2 SA 1.500 10/26/2024 EUR 2.391
JSM Global Sarl 4.750 10/20/2030 USD 13.750
United Kingdom Inflatio 0.125 3/22/2058 GBP 72.402
VEON Holdings BV 3.375 11/25/2027 USD 68.834
Heimstaden Bostad Treas 1.000 4/13/2028 EUR 71.517
Aroundtown SA 3.375 EUR 42.026
Prosus NV 3.832 2/8/2051 USD 56.085
Delivery Hero SE 2.125 3/10/2029 EUR 69.573
NatWest Group PLC 4.600 USD 67.750
Aegon NV 0.496 NLG 64.787
Grupo Antolin-Irausa SA 3.500 4/30/2028 EUR 73.627
B2W Digital Lux Sarl 4.375 12/20/2030 USD 13.750
Italy Buoni Poliennali 1.500 4/30/2045 EUR 59.498
InterCement Financial O 5.750 7/17/2024 USD 67.307
Russian Foreign Bond - 4.375 3/21/2029 USD 48.313
NIBC Bank NV 2.850 2/21/2040 EUR 56.389
NAK Naftogaz Ukraine vi 7.125 7/19/2026 EUR 35.733
Dtek Renewables Finance 8.500 11/12/2024 EUR 51.858
AnaCap Financial Europe 8.725 8/1/2024 EUR 48.520
ING Groep NV 4.250 USD 67.592
Berkeley Group PLC/The 2.500 8/11/2031 GBP 66.670
Ukraine Government Inte 8.994 2/1/2026 USD 30.680
Hungary Government Inte 1.750 6/5/2035 EUR 69.227
Altice France SA/France 4.000 7/15/2029 EUR 68.844
Ukraine Government Inte 7.750 9/1/2029 USD 29.736
Aroundtown SA 1.625 EUR 31.817
Zenith Finco PLC 6.500 6/30/2027 GBP 74.397
MHP SE 7.750 5/10/2024 USD 68.199
Mithra Pharmaceuticals 4.250 12/17/2025 EUR 46.946
Compact Bidco BV 5.750 5/1/2026 EUR 64.059
VGP NV 1.500 4/8/2029 EUR 73.785
Air France-KLM 0.125 3/25/2026 EUR 17.404
Vodafone Group PLC 5.125 6/4/2081 USD 70.118
La Financiere Atalian S 5.125 5/15/2025 EUR 68.499
HSE Finance Sarl 5.625 10/15/2026 EUR 53.850
Gross & Partner Grundst 5.000 2/21/2025 EUR 64.983
United Kingdom Inflatio 0.125 11/22/2056 GBP 72.865
Deutsche Pfandbriefbank 8.474 EUR 68.747
Agps Bondco PLC 6.000 8/5/2025 EUR 38.318
French Republic Governm 1.750 5/25/2066 EUR 63.800
Clariane SE 1.875 EUR 29.290
Orpea SA 2.625 3/10/2025 EUR 26.486
Samhallsbyggnadsbolaget 7.500 6/26/2025 NOK 72.277
Samhallsbyggnadsbolaget 3.120 11/28/2024 NOK 73.000
Ziggo Bond Co BV 3.375 2/28/2030 EUR 74.437
BCP V Modular Services 6.750 11/30/2029 EUR 73.983
Codere Finance 2 Luxemb 11.000 9/30/2026 EUR 74.578
Agps Bondco PLC 4.250 7/31/2025 EUR 71.347
Samhallsbyggnadsbolaget 6.696 1/30/2027 SEK 60.185
Abengoa Abenewco 2 SA 1.500 10/26/2024 EUR 2.391
Mallinckrodt Internatio 10.000 4/15/2025 USD 11.000
Republic of Italy Gover 4.000 10/17/2049 USD 70.994
BAT International Finan 2.250 9/9/2052 GBP 39.988
Russian Railways Via RZ 0.898 10/3/2025 CHF 62.877
Russian Foreign Bond - 2.875 12/4/2025 EUR 62.542
EP Infrastructure AS 1.816 3/2/2031 EUR 68.147
Commerzbank AG 4.250 EUR 74.192
Ocado Group PLC 0.750 1/18/2027 GBP 72.782
Balder Finland Oyj 1.000 1/20/2029 EUR 65.939
Castellum Helsinki Fina 0.875 9/17/2029 EUR 71.124
EIG Pearl Holdings Sarl 4.387 11/30/2046 USD 74.942
HOCHDORF Holding AG 2.500 CHF 28.242
Romanian Government Int 4.000 2/14/2051 USD 67.251
Gazprom PJSC via Gaz Fi 3.897 EUR 60.008
Atento Luxco 1 SA 8.000 2/10/2026 USD 0.513
Spain Government Bond 1.000 10/31/2050 EUR 50.770
NGD Holdings BV 6.750 12/31/2026 USD 70.757
Atos SE 2.500 11/7/2028 EUR 69.403
Russian Railways Via RZ 3.125 CHF 39.953
Republic of Austria Gov 1.500 11/2/2086 EUR 55.505
TotalEnergies SE 3.250 EUR 74.030
Aroundtown SA 2.875 EUR 35.070
Intesa Sanpaolo SpA 4.125 EUR 73.969
Metro Bank PLC 9.139 6/26/2028 GBP 61.825
CPI Property Group SA 4.875 EUR 34.712
CPI Property Group SA 1.500 1/27/2031 EUR 55.779
Turkey Government Bond 10.400 10/13/2032 TRY 64.350
Allianz SE 2.600 EUR 66.937
CaixaBank SA 3.625 EUR 69.028
Gazprom PJSC via Gaz Fi 1.540 6/30/2027 CHF 61.291
Nykredit Realkredit AS 1.000 10/1/2050 DKK 71.448
Idorsia Ltd 2.125 8/4/2028 CHF 45.583
CPI Property Group SA 3.750 EUR 28.080
Intesa Sanpaolo SpA 4.198 6/1/2032 USD 74.807
CNP Assurances SACA 4.875 USD 74.526
Audax Renovables SA 4.200 12/18/2027 EUR 65.119
Balder Finland Oyj 2.000 1/18/2031 EUR 63.301
Diebold Nixdorf Dutch H 9.000 7/15/2025 EUR 17.698
Heimstaden Bostad Treas 1.375 7/24/2028 EUR 70.601
Accor SA 0.700 12/7/2027 EUR 45.867
LEG Immobilien SE 0.750 6/30/2031 EUR 72.796
Signa Development Finan 5.500 7/23/2026 EUR 70.375
Samhallsbyggnadsbolaget 7.422 SEK 10.033
Hungary Government Bond 3.000 10/27/2038 HUF 60.745
CPI Property Group SA 4.875 EUR 37.752
Mutuelle Assurance Des 3.500 EUR 71.737
Electricite de France S 4.500 12/4/2069 USD 66.868
United Kingdom Gilt 1.750 7/22/2057 GBP 52.534
Swedbank AB 4.000 USD 72.319
Vonovia SE 1.625 9/1/2051 EUR 47.092
Rallye SA 4.371 2/28/2032 EUR 0.159
Heimstaden Bostad AB 3.000 EUR 44.839
Gazprom PJSC via Gaz Fi 1.500 2/17/2027 EUR 63.966
Nexity SA 0.250 3/2/2025 EUR 58.481
Raiffeisen Bank Interna 4.500 EUR 61.395
Euroboden GmbH 5.500 11/18/2025 EUR 1.851
EQT AB 0.875 5/14/2031 EUR 73.352
Heimstaden Bostad Treas 0.750 9/6/2029 EUR 63.440
Citycon Oyj 3.625 EUR 51.951
Delivery Hero SE 1.500 1/15/2028 EUR 71.823
Intesa Sanpaolo SpA 4.950 6/1/2042 USD 63.959
Cie de Phalsbourg Sarl 5.000 3/27/2024 EUR 64.658
Wirecard AG 0.500 9/11/2024 EUR 14.354
Kleopatra Holdings 2 SC 6.500 9/1/2026 EUR 63.174
Kingdom of Belgium Gove 0.400 6/22/2040 EUR 60.955
Codere Finance 2 Luxemb 13.625 11/30/2027 USD 9.125
Koninklijke Luchtvaart 0.750 CHF 24.250
Allianz SE 2.625 EUR 70.269
Russian Foreign Bond - 4.750 5/27/2026 USD 55.840
Prosus NV 4.027 8/3/2050 USD 58.501
Nostrum Oil & Gas Finan 5.000 6/30/2026 USD 64.576
Hungary Government Bond 2.250 4/20/2033 HUF 67.058
Bank Gospodarstwa Krajo 0.500 7/8/2031 EUR 72.821
YIT Oyj 5.750 EUR 74.238
Stellantis NV 1.250 6/20/2033 EUR 73.506
Clariane SE 0.875 3/6/2027 EUR 42.473
Republic of Italy Gover 3.875 5/6/2051 USD 68.555
BPCE SFH SA 0.010 1/29/2036 EUR 64.866
Agps Bondco PLC 5.000 1/14/2029 EUR 28.476
Logicor Financing Sarl 0.875 1/14/2031 EUR 66.943
Gazprom PJSC via Gaz Fi 3.250 2/25/2030 USD 62.217
Aroundtown SA 1.450 7/9/2028 EUR 70.259
Aroundtown SA 1.625 1/31/2028 EUR 73.346
United Kingdom Gilt 1.750 1/22/2049 GBP 57.208
Serbia International Bo 1.650 3/3/2033 EUR 67.266
Kojamo Oyj 0.875 5/28/2029 EUR 71.613
Just Eat Takeaway.com N 0.625 2/9/2028 EUR 67.075
Hungary Government Inte 3.125 9/21/2051 USD 59.297
Ukraine Government Bond 9.790 5/26/2027 UAH 53.822
La Banque Postale SA 3.000 EUR 65.992
UBM Development AG 5.500 EUR 73.521
Romanian Government Int 2.625 12/2/2040 EUR 60.800
TotalEnergies SE 2.125 EUR 72.770
Atrium Finance PLC 2.625 9/5/2027 EUR 73.298
Aroundtown SA 4.750 GBP 36.925
Orpea SA 0.375 5/17/2027 EUR 42.913
Metinvest BV 8.500 4/23/2026 USD 66.000
Altice France SA/France 5.125 1/15/2029 USD 69.919
Offshore Drilling Holdi 8.375 9/20/2020 USD 1.375
Polyus Finance PLC 3.250 10/14/2028 USD 61.664
Solocal Group 10.526 3/15/2025 EUR 39.693
Prosus NV 2.778 1/19/2034 EUR 72.167
Garfunkelux Holdco 3 SA 7.750 11/1/2025 GBP 74.779
Julius Baer Group Ltd 3.625 USD 68.936
Yorkshire Water Finance 2.750 4/18/2041 GBP 62.623
CTP NV 1.500 9/27/2031 EUR 71.721
Endo Luxembourg Finance 6.125 4/1/2029 USD 72.000
Flamingo Lux II SCA 5.000 3/31/2029 EUR 64.417
Italy Buoni Poliennali 1.800 3/1/2041 EUR 67.867
BPCE SA 2.125 10/13/2046 EUR 73.398
Direct Line Insurance G 4.750 GBP 66.911
NAK Naftogaz Ukraine vi 7.375 7/19/2022 USD 58.550
Rallye SA 4.000 2/28/2032 EUR 0.139
Russian Railways Via RZ 0.840 3/12/2026 CHF 53.424
Brit Insurance Holdings 3.676 12/9/2030 GBP 71.591
Digital Dutch Finco BV 1.000 1/15/2032 EUR 71.658
Union Fenosa Preferente 5.248 EUR 70.923
Ageas SA/NV 3.875 EUR 72.999
Interpipe Holdings PLC 8.375 5/13/2026 USD 66.004
Metinvest BV 5.625 6/17/2025 EUR 69.449
Ilija Batljan Invest AB 6.975 12/15/2024 SEK 24.799
Haya Holdco 2 PLC 12.462 11/30/2025 EUR 38.536
Tinkoff Bank JSC Via TC 6.000 USD 48.864
Gazprom PJSC via Gaz Fi 3.500 7/14/2031 USD 60.228
Gazprom PJSC via Gaz Fi 3.000 6/29/2027 USD 71.000
E.ON SE 0.875 10/18/2034 EUR 73.845
Boparan Finance PLC 7.625 11/30/2025 GBP 66.986
Studentbostader i Norde 9.521 5/14/2024 SEK 52.100
Rothschild & Co Continu 3.470 EUR 66.358
MHP Lux SA 6.950 4/3/2026 USD 57.419
Rothesay Life PLC 4.875 USD 74.757
United Kingdom Gilt 1.625 10/22/2054 GBP 51.426
Gazprom PJSC via Gaz Fi 2.950 1/27/2029 USD 63.000
CPI Property Group SA 1.750 1/14/2030 EUR 63.433
Ukraine Railways Via Ra 7.875 7/15/2028 USD 38.684
Tullow Oil PLC 7.000 3/1/2025 USD 70.255
JT International Financ 3.300 9/14/2051 USD 60.572
ADLER Real Estate AG 3.000 4/27/2026 EUR 72.770
Republic of Austria Gov 0.750 3/20/2051 EUR 55.121
Deutsche Bank AG 1.375 2/17/2032 EUR 74.309
Shell International Fin 3.000 11/26/2051 USD 65.362
Hungary Government Inte 0.500 11/18/2030 EUR 73.282
Triodos Bank NV 2.250 2/5/2032 EUR 73.855
EnfraGen Energia Sur SA 5.375 12/30/2030 USD 72.429
Royalty Pharma PLC 3.300 9/2/2040 USD 67.287
Russian Foreign Bond - 5.625 4/4/2042 USD 67.663
Serbia International Bo 2.050 9/23/2036 EUR 62.012
Samhallsbyggnadsbolaget 6.703 4/11/2025 SEK 71.651
BAT International Finan 4.000 11/23/2055 GBP 55.959
Russian Foreign Bond - 4.250 6/23/2027 USD 52.120
Codere Finance 2 Luxemb 13.625 11/30/2027 USD 9.009
Desenio Group AB 9.221 12/16/2024 SEK 67.808
Sberbank of Russia Via 5.125 10/29/2022 USD 32.618
AerCap Ireland Capital 3.850 10/29/2041 USD 72.776
Gazprom PJSC via Gaz Fi 4.599 USD 59.500
Gazprom PJSC Via Gaz Ca 2.500 3/21/2026 EUR 72.420
BAE Systems PLC 3.000 9/15/2050 USD 64.856
La Financiere Atalian S 6.625 5/15/2025 GBP 67.753
Russian Foreign Bond - 7.500 3/31/2030 USD 66.029
Belfius Bank SA 3.625 EUR 74.938
Orsted AS 2.500 2/18/3021 GBP 66.322
Agps Bondco PLC 4.625 1/14/2026 EUR 33.449
MC Brazil Downstream Tr 7.250 6/30/2031 USD 63.279
Shell International Fin 3.250 4/6/2050 USD 69.555
Vonovia SE 0.750 9/1/2032 EUR 68.131
IOG Plc 13.072 9/20/2024 EUR 50.333
Pershing Square Holding 3.250 10/1/2031 USD 73.671
NPC Ukrenergo 6.875 11/9/2028 USD 26.766
Arrival SA 3.500 12/1/2026 USD 13.172
Sagax Euro Mtn NL BV 1.000 5/17/2029 EUR 74.027
Lloyds Banking Group PL 2.707 12/3/2035 GBP 73.126
MHP Lux SA 6.250 9/19/2029 USD 54.099
Grand City Properties S 6.332 EUR 59.515
VTB Bank OJSC Via VTB C 6.950 10/17/2022 USD 6.718
BUPA Finance PLC 4.000 GBP 59.500
Gazprom PJSC Via Gaz Ca 4.950 3/23/2027 USD 74.504
Bulgaria Government Int 1.375 9/23/2050 EUR 54.241
Logicor Financing Sarl 2.000 1/17/2034 EUR 64.771
Saga PLC 5.500 7/15/2026 GBP 74.825
PB International BV 7.625 12/31/2025 USD 41.100
Siemens Financieringsma 2.875 3/11/2041 USD 72.133
Gazprom PJSC Via Gaz Ca 4.950 2/6/2028 USD 74.924
EnBW Energie Baden-Wuer 2.125 8/31/2081 EUR 71.343
Housing & Care 21 3.288 11/8/2049 GBP 66.600
Russian Foreign Bond - 1.850 11/20/2032 EUR 36.688
Cardea Europe AG 7.250 12/8/2023 EUR 33.250
JAB Holdings BV 4.500 4/8/2052 USD 73.622
Moby SpA 7.750 2/15/2023 EUR 60.090
Orsted AS 1.500 2/18/3021 EUR 74.347
Quant AB 9.781 11/15/2025 EUR 67.451
Royalty Pharma PLC 3.350 9/2/2051 USD 60.717
Social Chain AG /The 5.750 4/7/2024 EUR 1.250
Croatia Government Inte 1.750 3/4/2041 EUR 69.711
State of North Rhine-We 2.150 3/21/2119 EUR 65.460
Republic of Belarus Int 5.875 2/24/2026 USD 48.225
VF Ukraine PAT via VFU 6.200 2/11/2025 USD 74.138
Czech Republic Governme 1.500 4/24/2040 CZK 64.453
Vienna Insurance Group 1.000 3/26/2036 EUR 71.698
Rickmers Holding AG 8.875 6/11/2018 EUR 2.193
SPP-Distribucia AS 1.000 6/9/2031 EUR 68.136
Cellnex Finance Co SA 3.875 7/7/2041 USD 71.379
Agps Bondco PLC 5.500 11/13/2026 EUR 32.206
Rothesay Life PLC 5.000 GBP 63.911
Electricite de France S 1.000 11/29/2033 EUR 73.404
British Telecommunicati 4.250 11/8/2049 USD 71.384
Slovenia Government Bon 1.175 2/13/2062 EUR 52.348
BNP Paribas SA 4.625 USD 75.750
Romanian Government Int 3.375 2/8/2038 EUR 72.599
Borets Finance DAC 6.000 9/17/2026 USD 48.771
Republic of Austria Gov 1.500 2/20/2047 EUR 70.828
DDM Debt AB 9.000 4/19/2026 EUR 68.902
Italy Buoni Poliennali 1.450 3/1/2036 EUR 72.428
LEG Immobilien SE 1.000 11/19/2032 EUR 70.222
Tinkoff Bank JSC Via TC 11.002 USD 55.000
Saxa Gres Spa 7.000 8/4/2027 EUR 4.193
Nexity SA 0.875 4/19/2028 EUR 38.015
Digital Intrepid Holdin 1.375 7/18/2032 EUR 73.013
Altice France Holding S 6.000 2/15/2028 USD 42.268
BNG Bank NV 0.125 4/19/2033 EUR 74.390
Just Group PLC 5.000 GBP 63.672
Phosagro OAO Via Phosag 2.600 9/16/2028 USD 64.421
UBS Group AG 3.179 2/11/2043 USD 67.680
Electricite de France S 2.000 12/9/2049 EUR 58.422
Altice France Holding S 10.500 5/15/2027 USD 51.264
State Agency of Roads o 6.250 6/24/2030 USD 27.532
BAWAG Group AG 5.125 EUR 73.522
Lendlease Europe Financ 3.500 12/2/2033 GBP 65.629
Metinvest BV 7.750 10/17/2029 USD 58.500
Severstal OAO Via Steel 3.150 9/16/2024 USD 5.485
Diebold Nixdorf Dutch H 9.000 7/15/2025 EUR 17.698
Logicor Financing Sarl 1.625 1/17/2030 EUR 73.573
Glencore Capital Financ 1.250 3/1/2033 EUR 72.361
Societe Generale SA 4.027 1/21/2043 USD 65.004
CK Hutchison Group Tele 2.625 10/17/2034 GBP 66.918
Ireland Government Bond 0.550 4/22/2041 EUR 62.964
Ireland Government Bond 0.400 5/15/2035 EUR 73.679
BMW Finance NV 0.200 1/11/2033 EUR 73.266
WM Morrison Supermarket 4.750 7/4/2029 GBP 58.822
HSE Finance Sarl 9.531 10/15/2026 EUR 57.519
OSB Group PLC 6.000 GBP 74.085
Deutsche Bank AG/New Yo 3.742 1/7/2033 USD 73.599
Samhallsbyggnadsbolaget 7.284 2/19/2024 SEK 74.566
Russian Railways Via RZ 2.200 5/23/2027 EUR 68.227
Aedifica SA 0.750 9/9/2031 EUR 72.174
Russian Foreign Bond - 2.650 5/27/2036 EUR 34.630
Aegon NV 1.425 NLG 72.011
Bank Gospodarstwa Krajo 2.250 7/21/2033 PLN 69.334
Alfa Bank AO Via Alfa B 5.950 4/15/2030 USD 1.359
Vnesheconombank Via VEB 6.800 11/22/2025 USD 6.507
Enel SpA 1.875 EUR 74.027
Siemens Financieringsma 2.875 3/11/2041 USD 71.889
Voltalia SA 1.000 1/13/2025 EUR 29.056
Fresnillo PLC 4.250 10/2/2050 USD 72.574
UBS Group AG 0.625 2/24/2033 EUR 70.859
Republic of Austria Gov 0.250 10/20/2036 EUR 67.989
Deutsche Bahn Finance G 0.625 12/8/2050 EUR 48.148
Ukraine Government Bond 12.700 10/30/2024 UAH 65.938
Saderea DAC 12.500 11/30/2026 USD 46.500
Maisons du Monde SA 0.125 12/6/2023 EUR 47.541
Marston's Issuer PLC 7.819 7/16/2035 GBP 70.635
Financiere Immobiliere 6.000 1/30/2025 EUR 9.587
Czech Gas Networks Inve 0.875 3/31/2031 EUR 73.202
Tresu Investment Holdin 8.554 1/2/2025 EUR 44.017
Agps Bondco PLC 5.000 4/27/2027 EUR 30.825
Kingdom of Belgium Gove 2.250 6/22/2057 EUR 74.797
AstraZeneca PLC 3.000 5/28/2051 USD 69.287
Southern Housing 2.375 10/8/2036 GBP 67.770
Thomas Cook Group PLC 6.250 6/15/2022 EUR 0.499
Rallye SA 4.000 2/28/2032 CHF 1.702
Realkredit Danmark A/S 1.000 10/1/2050 DKK 71.484
Credit Bank of Moscow V 3.100 1/21/2026 EUR 27.901
Republic of Belarus Int 7.625 6/29/2027 USD 48.792
Development Bank of the 6.750 5/2/2024 USD 41.325
Samhallsbyggnadsbolaget 6.380 8/27/2025 NOK 68.460
Prosus NV 1.985 7/13/2033 EUR 67.700
University of Oxford 2.544 12/8/2117 GBP 49.789
Scandinavian Airlines S 0.625 CHF 9.440
BICO Group AB 2.875 3/19/2026 SEK 69.003
Slovenia Government Bon 0.488 10/20/2050 EUR 45.636
NET4GAS sro 8.040 1/28/2028 CZK 66.000
Altice France SA/France 5.500 1/15/2028 USD 74.530
FIGEAC-AERO 1.750 10/18/2028 EUR 23.104
Altice France SA/France 5.125 7/15/2029 USD 69.404
Samhallsbyggnadsbolaget 7.038 1/14/2025 SEK 70.990
Credit Bank of Moscow V 3.875 9/21/2026 USD 34.566
Sweden Government Bond 1.375 6/23/2071 SEK 54.576
Vonovia SE 1.000 6/16/2033 EUR 67.443
Abengoa Abenewco 2 SA 1.500 10/26/2024 USD 0.009
Gazprom PJSC via Gaz Fi 2.950 4/15/2025 EUR 74.134
Mutuelle Assurance Des 2.125 6/21/2052 EUR 69.590
Slovenia Government Bon 0.688 3/3/2081 EUR 38.005
Fnac Darty SA 0.250 3/23/2027 EUR 67.160
Orpea SA 2.000 4/1/2028 EUR 27.343
Raiffeisen Bank Interna 1.375 6/17/2033 EUR 71.590
Selina Hospitality PLC 6.000 11/1/2026 USD 25.512
European Financial Stab 1.450 9/5/2040 EUR 74.970
Nykredit Realkredit AS 1.000 10/1/2053 DKK 70.598
Chancellor Masters & Sc 0.250 6/27/2068 GBP 54.874
UBS Group AG 0.875 11/3/2031 EUR 74.797
Sweden Government Bond 0.500 11/24/2045 SEK 60.632
Paragon Treasury Plc 3.625 1/21/2047 GBP 70.383
Immigon Portfolioabbau 10.138 EUR 17.145
Blackstone Property Par 1.625 4/20/2030 EUR 73.605
Pandion AG 5.500 2/5/2026 EUR 67.414
Russian Railways Via RZ 1.195 4/3/2028 CHF 56.705
BNP Paribas SA 4.500 USD 73.750
Slovakia Government Bon 0.375 4/21/2036 EUR 63.847
CPI Property Group SA 5.800 SGD 43.838
Rallye SA 3.250 2/28/2032 CHF 0.145
TenneT Holding BV 0.500 11/30/2040 EUR 63.080
alstria office REIT-AG 1.500 11/15/2027 EUR 71.382
Electricite de France S 1.875 10/13/2036 EUR 73.542
VTB Bank PJSC Via VTB E 9.500 USD 17.644
State of North Rhine-We 1.750 7/11/2068 EUR 61.177
Ukraine Government Bond 9.990 5/22/2024 UAH 68.277
RWE AG 1.000 11/26/2033 EUR 73.302
Idavang A/S 11.009 11/11/2025 EUR 73.476
SAS AB 8.295 SEK 10.471
Oscar Properties Holdin 11.070 7/5/2024 SEK 48.576
Suek Securities DAC 3.375 9/15/2026 USD 69.099
Georgia Capital JSC 8.500 8/3/2028 USD 73.965
Abengoa Abenewco 2 SA 1.500 10/26/2024 USD 1.423
Russian Foreign Bond - 1.125 11/20/2027 EUR 38.898
Russian Railways Via RZ 7.487 3/25/2031 GBP 67.753
Vodafone Group PLC 3.000 8/12/2056 GBP 55.112
Cofinimmo SA 0.875 12/2/2030 EUR 74.917
National Grid Electrici 0.872 11/26/2040 EUR 59.352
BNP Paribas SA 0.625 12/3/2032 EUR 71.376
Czech Republic Governme 1.950 7/30/2037 CZK 74.492
ALROSA Finance SA 4.650 4/9/2024 USD 10.162
Aberdeen City Council 0.100 2/28/2054 GBP 69.520
Affordable Housing Fina 2.893 8/11/2043 GBP 72.985
Veganz Group AG 7.500 2/24/2025 EUR 60.828
Audax Renovables SA 2.750 11/30/2025 EUR 74.698
PREOS Global Office Rea 7.500 12/9/2024 EUR 4.260
Mallinckrodt Internatio 10.000 6/15/2029 USD 13.550
Derwent London PLC 1.875 11/17/2031 GBP 70.131
Thames Water Utilities 1.250 1/31/2032 EUR 74.877
Altice Finco SA 4.750 1/15/2028 EUR 63.444
NET4GAS sro 3.500 7/28/2026 EUR 66.017
UNIQA Insurance Group A 2.375 12/9/2041 EUR 73.956
Akelius Residential Pro 0.750 2/22/2030 EUR 72.313
Orpea SA 2.200 12/15/2024 EUR 27.928
CPI Property Group SA 2.750 1/22/2028 GBP 69.300
Alfa Bank AO Via Alfa B 5.900 USD 7.634
Sovcombank Via SovCom C 7.600 USD 4.035
BNP Paribas SA 2.824 1/26/2041 USD 63.754
TotalEnergies Capital I 3.127 5/29/2050 USD 67.891
Credit Bank of Moscow V 8.875 USD 13.056
Free and Hanseatic City 1.095 6/13/2046 EUR 62.123
Neoen SA 2.000 6/2/2025 EUR 44.198
Chelyabinsk Pipe Plant 4.500 9/19/2024 USD 58.616
BNP Paribas SA 1.250 7/13/2031 GBP 69.561
Unigel Luxembourg SA 8.750 10/1/2026 USD 38.678
Manchester Airport Grou 2.875 9/30/2044 GBP 62.554
Gazprom PJSC via Gaz Fi 1.850 11/17/2028 EUR 60.133
Royalty Pharma PLC 3.550 9/2/2050 USD 63.879
Thermo Fisher Scientifi 2.000 10/18/2051 EUR 63.002
Intu Debenture PLC 5.562 12/31/2027 GBP 40.083
Agri Resources Group SA 8.000 3/17/2026 EUR 9.645
Bank Millennium SA 8.940 1/30/2029 PLN 73.299
Bank Gospodarstwa Krajo 2.375 11/27/2040 PLN 61.712
Lukoil Securities BV 3.875 5/6/2030 USD 74.222
Lloyds Banking Group PL 4.344 1/9/2048 USD 73.155
Banque Federative du Cr 1.125 11/19/2031 EUR 73.782
Lukoil Capital DAC 3.600 10/26/2031 USD 72.284
Wuestenrot & Wuerttembe 2.125 9/10/2041 EUR 71.163
Syngenta Finance NV 4.375 3/28/2042 USD 70.637
DXC Capital Funding DAC 0.950 9/15/2031 EUR 71.503
Muenchener Rueckversich 1.000 5/26/2042 EUR 72.493
Metalloinvest Finance D 3.375 10/22/2028 USD 54.088
Nykredit Realkredit AS 1.500 10/1/2053 DKK 74.761
Sberbank of Russia Via 5.250 5/23/2023 USD 32.618
nextbike GmbH 6.000 3/31/2025 EUR 65.000
Berlin Hyp AG 0.375 4/21/2031 EUR 74.216
Slovenia Government Bon 1.750 11/3/2040 EUR 73.741
Russian Agricultural Ba 8.500 10/16/2023 USD 26.135
Ilija Batljan Invest AB 10.475 SEK 4.643
Smurfit Kappa Treasury 1.000 9/22/2033 EUR 73.249
ABN AMRO Bank NV 1.125 4/23/2039 EUR 71.667
Chesnara PLC 4.750 8/4/2032 GBP 72.797
John Lewis PLC 4.250 12/18/2034 GBP 61.537
Altarea SCA 1.750 1/16/2030 EUR 70.949
Societe Du Grand Paris 0.700 10/15/2060 EUR 37.038
Credit Bank of Moscow V 4.700 1/29/2025 USD 26.156
Slovakia Government Bon 1.000 10/13/2051 EUR 49.898
Vnesheconombank Via VEB 5.942 11/21/2023 USD 9.666
GTLK Europe Capital DAC 5.950 4/17/2025 USD 29.218
TenneT Holding BV 0.125 11/30/2032 EUR 74.826
Optivo Finance PLC 2.857 10/7/2035 GBP 73.820
Pershing Square Holding 3.250 10/1/2031 USD 73.118
Places For People Treas 2.500 1/26/2036 GBP 68.279
Kreditanstalt fuer Wied 0.875 7/4/2039 EUR 70.170
Ukreximbank Via Biz Fin 9.950 11/14/2029 USD 68.125
Prosus NV 2.031 8/3/2032 EUR 70.653
publity AG 5.500 6/19/2025 EUR 57.470
JAB Holdings BV 2.250 12/19/2039 EUR 69.782
Vonovia SE 1.500 6/14/2041 EUR 54.601
Schlote Holding GmbH 6.750 11/21/2024 EUR 27.649
UK Municipal Bonds Agen 1.625 8/26/2060 GBP 39.540
Adecco International Fi 0.500 9/21/2031 EUR 74.838
Metinvest BV 7.650 10/1/2027 USD 61.609
Vonovia SE 0.625 3/24/2031 EUR 71.787
EnBW International Fina 0.500 3/1/2033 EUR 72.150
Deutsche Telekom AG 3.625 1/21/2050 USD 70.908
Balder Finland Oyj 1.375 5/24/2030 EUR 62.813
K2A Knaust & Andersson 9.860 SEK 65.000
BAT International Finan 2.000 3/13/2045 EUR 57.151
Nykredit Realkredit AS 1.000 10/1/2053 DKK 65.782
Vonovia Finance BV 1.625 10/7/2039 EUR 59.568
Medtronic Global Holdin 1.375 10/15/2040 EUR 65.979
Nats En Route PLC 1.750 9/30/2033 GBP 70.686
Bigben Interactive 1.125 2/19/2026 EUR 64.610
Fresenius Finance Irela 0.875 10/1/2031 EUR 74.794
Soc Nationale SNCF SACA 1.000 1/19/2061 EUR 39.857
FF Group Finance Luxemb 3.250 11/2/2021 CHF 4.137
Credit Bank of Moscow V 5.150 2/20/2024 EUR 30.727
Vedanta Resources Finan 8.950 3/11/2025 USD 67.080
Pozavarovalnica Sava dd 3.750 11/7/2039 EUR 67.271
Wellcome Trust Ltd/The 1.500 7/14/2071 GBP 37.626
Hacienda Investments Lt 5.350 2/8/2028 USD 58.116
Slovakia Government Bon 2.000 10/17/2047 EUR 68.649
Hellenic Republic Gover 2.085 7/25/2057 EUR 30.248
AstraZeneca PLC 2.125 8/6/2050 USD 58.110
Aroundtown SA 3.000 10/16/2029 GBP 64.736
Jyske Realkredit A/S 1.000 10/1/2050 DKK 71.524
Herens Holdco Sarl 4.750 5/15/2028 USD 74.916
Republic of Belarus Int 6.200 2/28/2030 USD 37.978
UNEDIC ASSEO 0.500 5/25/2036 EUR 69.515
Shell International Fin 1.750 9/10/2052 GBP 45.094
Ageas SA/NV 1.875 11/24/2051 EUR 73.335
Karlou BV 7.750 6/18/2024 USD 11.400
JT International Financ 2.750 9/28/2033 GBP 74.247
SABIC Capital I BV 3.000 9/14/2050 USD 68.851
Groupe des Assurances d 1.850 4/21/2042 EUR 73.786
Mime Petroleum AS 13.500 3/21/2083 USD 20.000
SCF Capital Designated 3.850 4/26/2028 USD 65.808
Verbund AG 0.900 4/1/2041 EUR 66.373
Merlin Properties Socim 1.875 12/4/2034 EUR 70.403
Nordea Kredit Realkredi 1.000 10/1/2050 DKK 71.678
Ekosem-Agrar AG 2.500 12/7/2027 EUR 15.358
Turkey Government Bond 9.100 2/16/2028 TRY #N/A N/A
Shell International Fin 2.875 11/26/2041 USD 70.181
HSBC Holdings PLC 4.000 9/8/2036 USD 73.677
Plusplus Capital Financ 11.000 7/29/2026 EUR 73.477
Ekosem-Agrar AG 2.500 7/31/2029 EUR 18.195
Lar Espana Real Estate 1.843 11/3/2028 EUR 73.751
Barclays PLC 3.330 11/24/2042 USD 67.240
Nestle Finance Internat 0.875 6/14/2041 EUR 65.539
BP Capital Markets BV 1.467 9/21/2041 EUR 63.498
Orange SA 0.625 12/16/2033 EUR 73.683
Electricite de France S 4.750 10/6/2045 USD 74.237
Slovakia Government Bon 2.250 6/12/2068 EUR 65.212
Societe Generale SA 3.625 3/1/2041 USD 62.544
Thermo Fisher Scientifi 1.625 10/18/2041 EUR 67.521
Parnassia Groep BV 1.200 12/1/2051 EUR 69.121
BNP Paribas SA 2.000 9/13/2036 GBP 62.995
Anheuser-Busch InBev SA 2.850 5/25/2037 GBP 74.846
Segro Capital Sarl 0.500 9/22/2031 EUR 73.359
Hexagon Housing Associa 3.625 4/22/2048 GBP 66.667
Basque Government 1.375 10/31/2070 EUR 41.006
LEG Immobilien SE 0.875 3/30/2033 EUR 67.568
Nykredit Realkredit AS 1.500 10/1/2053 DKK 70.348
Home Credit & Finance B 8.800 USD 5.364
Holcim Finance Luxembou 0.625 1/19/2033 EUR 71.630
BNP Paribas SA 2.824 1/26/2041 USD 63.974
Kenbourne Invest SA 4.700 1/22/2028 USD 59.996
Finland Government Bond 0.125 4/15/2036 EUR 67.566
Travelex Financing PLC 8.000 5/15/2022 EUR 0.303
VTB Bank OJSC Via VTB C 4.073 10/24/2024 CHF 16.000
Credit Bank of Moscow V 7.625 USD 26.434
Direct Line Insurance G 4.000 6/5/2032 GBP 71.929
Fastator AB 10.318 12/23/2025 SEK 70.906
UBS Group AG 4.375 USD 73.740
Trinseo Materials Opera 5.125 4/1/2029 USD 53.516
Sirius Real Estate Ltd 1.750 11/24/2028 EUR 74.858
CM.com NV 2.000 9/9/2026 EUR 64.474
Deutsche Telekom AG 1.750 12/9/2049 EUR 69.203
esure Group PLC 6.000 GBP 69.177
Senvion Holding GmbH 3.875 10/25/2022 EUR 0.145
Prosus NV 3.832 2/8/2051 USD 56.242
Air Berlin PLC 6.750 5/9/2019 EUR 0.363
ALROSA Finance SA 3.100 6/25/2027 USD 6.629
British Telecommunicati 4.250 11/8/2049 USD 70.570
Digital Intrepid Holdin 0.625 7/15/2031 EUR 71.533
Finland Government Bond 0.250 9/15/2040 EUR 60.350
Heineken NV 1.750 5/7/2040 EUR 72.958
Bayer AG 1.000 1/12/2036 EUR 68.508
Portugal Obrigacoes do 0.900 10/12/2035 EUR 74.044
Samhallsbyggnadsbolaget 4.500 3/10/2025 EUR 70.338
Pershing Square Holding 4.950 7/15/2039 USD 72.089
Enel Finance Internatio 1.125 10/17/2034 EUR 71.609
GTLK Europe Capital DAC 4.800 2/26/2028 USD 22.382
Barclays PLC 3.811 3/10/2042 USD 68.746
Imperial Brands Finance 1.750 3/18/2033 EUR 73.052
Cyprus Government Inter 2.250 4/16/2050 EUR 66.536
Cie de Financement Fonc 0.600 10/25/2041 EUR 60.980
SNCF Reseau 0.750 5/25/2036 EUR 70.588
Morhomes PLC 3.400 2/19/2038 GBP 74.717
United Utilities Water 1.875 6/3/2042 GBP 54.635
OMV AG 1.000 7/3/2034 EUR 74.315
Muenchener Hypothekenba 0.010 11/2/2040 EUR 55.770
Assura Financing PLC 1.625 6/30/2033 GBP 66.295
Wales & West Utilities 3.000 8/3/2038 GBP 71.038
Jyske Realkredit A/S 1.500 10/1/2053 DKK 74.881
UniCredit Bank AG 0.010 1/21/2036 EUR 65.937
Kreditanstalt fuer Wied 0.050 9/29/2034 EUR 71.095
Utmost Group PLC 4.000 12/15/2031 GBP 72.296
Enel Finance Internatio 0.875 6/17/2036 EUR 65.733
Hungary Government Bond 2.250 6/22/2034 HUF 64.013
Proximus SADP 0.750 11/17/2036 EUR 66.072
Agence Francaise de Dev 0.375 5/25/2036 EUR 66.802
Bromford Housing Group 3.125 5/3/2048 GBP 67.040
Repsol Europe Finance S 0.875 7/6/2033 EUR 74.711
Vnesheconombank Via VEB 6.025 7/5/2022 USD 7.295
Hacienda Investments Lt 5.075 2/15/2023 USD 25.175
Latvia Government Inter 1.375 5/16/2036 EUR 73.092
Aroundtown SA 3.625 4/10/2031 GBP 62.704
Banque Federative du Cr 3.103 EUR 74.833
EYEMAXX Real Estate AG 5.500 4/26/2023 EUR 1.726
UBS Group AG 3.179 2/11/2043 USD 67.627
Latvia Government Inter 1.875 2/19/2049 EUR 67.598
Landwirtschaftliche Ren 0.010 11/26/2040 EUR 56.571
State of North Rhine-We 1.950 9/26/2078 EUR 63.665
GTLK Europe Capital DAC 4.650 3/10/2027 USD 22.689
State of North Rhine-We 1.000 10/16/2046 EUR 61.482
Thames Water Utilities 2.375 4/22/2040 GBP 56.813
Russian Foreign Bond - 5.875 9/16/2043 USD 66.416
Abengoa Abenewco 2 Bis 1.500 4/26/2024 EUR 0.498
Credit Bank of Moscow V 7.500 10/5/2027 USD 21.609
TotalEnergies Capital I 3.386 6/29/2060 USD 67.822
Channel Link Enterprise 3.848 6/30/2050 GBP 65.169
BASF SE 1.625 11/15/2037 EUR 73.180
Societe Generale SA 4.027 1/21/2043 USD 65.097
Anglo American Capital 3.950 9/10/2050 USD 71.065
LSEGA Financing PLC 3.200 4/6/2041 USD 71.956
Southern Gas Networks P 1.250 12/2/2031 GBP 69.864
GlaxoSmithKline Capital 1.625 5/12/2035 GBP 67.371
Nederlandse Waterschaps 0.375 9/28/2046 EUR 51.679
LEG Immobilien SE 1.500 1/17/2034 EUR 70.683
Cie Generale des Etabli 0.625 11/2/2040 EUR 64.233
DH Europe Finance II Sa 1.350 9/18/2039 EUR 68.553
Sydbank AS 3.259 EUR 72.726
Metropolitan Housing Tr 1.875 7/28/2036 GBP 64.024
Land Securities Capital 2.750 9/22/2059 GBP 55.139
NET4GAS sro 2.745 1/28/2031 CZK 46.939
Kommunekredit 0.375 2/3/2045 DKK 53.171
Cooperatieve Rabobank U 0.750 6/21/2039 EUR 66.757
Samhallsbyggnadsbolaget 4.940 12/18/2025 SEK 64.459
Tritax Big Box REIT PLC 1.500 11/27/2033 GBP 64.272
Barclays Bank PLC 12.000 9/24/2025 TRY 69.380
Latvia Government Inter 2.250 2/15/2047 EUR 73.546
Eurogrid GmbH 0.741 4/21/2033 EUR 74.804
Sovcombank Via SovCom C 3.400 1/26/2025 USD 2.610
Finland Government Bond 0.500 4/15/2043 EUR 59.818
Pension Insurance Corp 3.625 10/21/2032 GBP 73.322
Richemont International 1.625 5/26/2040 EUR 73.012
Lloyds Banking Group PL 3.369 12/14/2046 USD 64.199
Vedanta Resources Ltd 6.125 8/9/2024 USD 65.387
Braskem Netherlands Fin 5.875 1/31/2050 USD 74.456
Eni SpA 1.000 10/11/2034 EUR 72.448
UNEDIC ASSEO 0.250 7/16/2035 EUR 69.654
Region of Pays de la Lo 1.704 10/23/2040 EUR 70.937
Cadent Finance PLC 2.625 9/22/2038 GBP 64.370
Simon International Fin 1.125 3/19/2033 EUR 71.382
European Financial Stab 0.700 1/17/2053 EUR 49.829
Blend Funding PLC 3.459 9/21/2047 GBP 71.426
BNG Bank NV 0.125 7/9/2035 EUR 68.983
Enexis Holding NV 0.375 4/14/2033 EUR 74.509
Wellcome Trust Ltd/The 2.517 2/7/2118 GBP 49.869
ABN AMRO Bank NV 1.250 1/20/2034 EUR 74.848
Finland Government Bond 1.375 4/15/2047 EUR 69.837
Siemens Financieringsma 0.500 9/5/2034 EUR 72.493
MMK International Capit 4.375 6/13/2024 USD 27.930
Cadent Finance PLC 2.750 9/22/2046 GBP 57.682
Landesbank Hessen-Thuer 0.500 1/19/2037 EUR 69.196
Market Parent Finco PLC 6.750 10/1/2029 GBP 63.270
Shell International Fin 0.875 11/8/2039 EUR 62.379
Mitsubishi UFJ Investor 7.913 12/30/2099 EUR 2.922
Bulgaria Government Bon 1.500 6/21/2039 BGN 54.406
Soc Nationale SNCF SACA 0.875 2/28/2051 EUR 46.580
Evraz PLC 5.375 3/20/2023 USD 71.057
Altice France SA/France 5.500 10/15/2029 USD 70.652
GTLK Europe Capital DAC 4.949 2/18/2026 USD 19.180
Gol Finance SA 8.000 6/30/2026 USD 54.957
SRV Group Oyj 4.875 EUR 40.000
Standard Chartered PLC 4.300 USD 74.855
Russian Federal Bond - 6.100 7/18/2035 RUB 67.841
Nederlandse Gasunie NV 0.750 10/13/2036 EUR 67.800
BUPA Finance PLC 4.125 6/14/2035 GBP 74.308
Medtronic Global Holdin 1.750 7/2/2049 EUR 61.828
Nykredit Realkredit AS 2.000 10/1/2053 DKK 72.509
Storebrand Livsforsikri 1.875 9/30/2051 EUR 72.964
Grand City Properties S 2.000 10/25/2032 EUR 61.346
Lithuania Government In 0.750 7/15/2051 EUR 47.367
NIBC Bank NV 3.089 EUR 69.641
Petrobras Global Financ 4.750 4/2/2038 EUR 50.826
Altice France Holding S 8.000 5/15/2027 EUR 47.083
Luzerner Kantonalbank A 0.160 12/23/2043 CHF 70.595
Medtronic Global Holdin 1.625 10/15/2050 EUR 58.724
Sovcombank Via SovCom C 7.750 USD 1.358
National Grid PLC 0.750 9/1/2033 EUR 70.683
Air Berlin PLC 8.250 4/19/2018 EUR 0.446
Deutsche Telekom AG 3.625 1/21/2050 USD 70.681
East Slope Residencies 0.100 2/28/2062 GBP 59.547
Offentliga Hus I Norden 10.662 SEK 48.027
Clarion Funding PLC 1.875 9/7/2051 GBP 45.908
Ukraine Government Inte 6.876 5/21/2031 USD 27.323
Landesbank Baden-Wuertt 0.375 2/21/2031 EUR 74.735
JAB Holdings BV 3.750 5/28/2051 USD 64.032
Mondelez International 1.250 9/9/2041 EUR 64.036
Credit Agricole SA 2.811 1/11/2041 USD 63.894
Amprion GmbH 0.625 9/23/2033 EUR 72.382
Novo Banco SA/Luxembour 3.500 1/23/2043 EUR 73.278
GTLK Europe DAC 5.125 5/31/2024 USD 36.146
Enel Finance Internatio 0.875 9/28/2034 EUR 70.325
BP Capital Markets BV 0.933 12/4/2040 EUR 59.024
SKF AB 0.250 2/15/2031 EUR 74.835
Shell International Fin 1.000 12/10/2030 GBP 73.768
PIK Securities DAC 5.625 11/19/2026 USD 44.320
Intesa Sanpaolo SpA 4.700 9/23/2049 USD 69.241
Home Group Ltd 3.125 3/27/2043 GBP 66.539
Solocal Group 10.526 3/15/2025 EUR 31.572
Vodafone Group PLC 3.375 8/8/2049 GBP 63.261
ABN AMRO Bank NV 0.625 1/24/2037 EUR 69.960
TMK OAO Via TMK Capital 4.300 2/12/2027 USD 65.144
Alfa Bank AO Via Alfa B 6.950 USD 5.641
Island Offshore Shiphol 9.630 6/30/2024 NOK 45.352
TotalEnergies Capital I 1.618 5/18/2040 EUR 71.598
Ukraine Government Bond 15.500 10/2/2024 UAH 68.839
Magnolia Bostad AB 11.784 5/19/2026 SEK 70.033
Libra Longhurst Group T 3.250 5/15/2043 GBP 68.411
Aroundtown SA 2.912 9/20/2030 EUR 63.931
Motability Operations G 1.500 1/20/2041 GBP 56.340
Free State of Bavaria 0.010 1/18/2035 EUR 69.626
Orange SA 0.750 6/29/2034 EUR 73.339
Free State of Saxony 0.010 12/17/2035 EUR 67.026
Aegon Bank NV 0.375 6/9/2036 EUR 68.272
Rallye SA 3.400 2/28/2032 EUR 0.131
Ukraine Government Inte 15.840 2/26/2025 UAH 71.966
GTLK Europe Capital DAC 4.349 2/27/2029 USD 20.824
Platform HG Financing P 1.625 8/10/2055 GBP 43.250
NRW Bank 1.250 3/21/2044 EUR 68.893
Lithuania Government Bo 0.300 2/12/2032 EUR 71.770
South Eastern Power Net 1.750 9/30/2034 GBP 67.731
Russian Federal Bond - 5.900 3/12/2031 RUB 74.826
Vonovia Finance BV 1.125 9/14/2034 EUR 64.570
JSM Global Sarl 4.750 10/20/2030 USD 17.250
BNG Bank NV 0.805 6/28/2049 EUR 53.627
Ukraine Government Bond 19.750 7/22/2026 UAH 72.201
National Grid Electrici 2.000 4/17/2040 GBP 58.645
Sibur Securities DAC 2.950 7/8/2025 USD 65.418
Novolipetsk Steel Via S 1.450 6/2/2026 EUR 69.463
EYEMAXX Real Estate AG 5.500 7/22/2025 EUR 18.958
Dexia Credit Local SA 5.528 EUR 2.351
Russian Foreign Bond - 4.250 6/23/2027 USD 52.120
United Utilities Water 0.875 10/28/2029 GBP 74.219
VTR Finance NV 6.375 7/15/2028 USD 43.156
Allied Irish Banks PLC 12.500 6/25/2035 GBP 58.058
Tele Columbus AG 3.875 5/2/2025 EUR 65.000
Nordea Kredit Realkredi 1.000 10/1/2053 DKK 65.873
EWE AG 0.375 10/22/2032 EUR 72.385
Nykredit Realkredit AS 0.500 10/1/2053 DKK 65.349
BNG Bank NV 0.250 11/22/2036 EUR 66.507
Nationwide Building Soc 0.500 5/5/2041 EUR 60.299
State of North Rhine-We 1.750 10/26/2057 EUR 66.366
R-Logitech Finance SA 10.250 9/26/2027 EUR 30.253
Zurich Finance Ireland 1.625 6/17/2039 EUR 72.689
Diageo Finance PLC 2.750 6/8/2038 GBP 72.365
Cellnex Finance Co SA 3.875 7/7/2041 USD 69.629
WPP Finance 2013 2.875 9/14/2046 GBP 57.050
Nationale-Nederlanden B 0.050 11/12/2040 EUR 55.890
Orange SA 1.375 9/4/2049 EUR 64.027
Talanx AG 1.750 12/1/2042 EUR 74.800
HOWOGE Wohnungsbaugesel 1.125 11/1/2033 EUR 71.978
Becton Dickinson Euro F 1.336 8/13/2041 EUR 62.071
Ghelamco Invest 4.250 1/21/2027 EUR 71.957
Magnolia Bostad AB 10.670 3/18/2025 SEK 74.244
Societe Generale SA 3.625 3/1/2041 USD 63.054
Prosus NV 4.987 1/19/2052 USD 66.483
Privatbank CJSC Via UK 10.250 1/23/2018 USD 3.392
Ukraine Government Inte 7.750 8/1/2041 USD 46.586
Scottish Hydro Electric 2.125 3/24/2036 GBP 67.165
Russian Foreign Bond - 4.375 3/21/2029 USD 48.313
Deutsche Bahn Finance G 0.625 4/15/2036 EUR 69.385
Russian Federal Bond - 7.000 7/30/2036 RUB 72.515
Unibail-Rodamco-Westfie 0.875 3/29/2032 EUR 72.433
Investor AB 0.375 10/29/2035 EUR 66.396
Snam SpA 1.000 9/12/2034 EUR 71.855
Clarion Funding PLC 3.125 4/19/2048 GBP 64.327
Samhallsbyggnadsbolaget 3.000 4/3/2040 EUR 46.464
Severn Trent Utilities 2.000 6/2/2040 GBP 57.729
Nordea Kredit Realkredi 1.000 10/1/2050 DKK 67.256
Land Thueringen 0.125 1/13/2051 EUR 41.666
Realkredit Danmark A/S 1.000 10/1/2053 DKK 65.783
Andorra International B 1.700 10/13/2041 EUR 64.019
La Poste SA 0.625 1/18/2036 EUR 67.502
Novo Banco SA/Luxembour 3.500 2/19/2043 EUR 73.383
Sovcombank Via SovCom C 8.000 4/7/2030 USD 6.581
Operateur de Reseaux d' 2.850 2/3/2045 EUR 73.860
CNP Assurances SACA 1.875 10/12/2053 EUR 71.587
3i Group PLC 3.750 6/5/2040 GBP 71.037
Air Berlin PLC 5.625 5/9/2019 CHF 0.408
Nostrum Oil & Gas Finan 7.000 2/16/2025 USD 25.375
Ukraine Government Inte 7.253 3/15/2035 USD 27.625
Region Wallonne Belgium 1.050 6/22/2040 EUR 64.909
Genfit SA 3.500 10/16/2025 EUR 25.209
BAWAG PSK Bank fuer Arb 0.010 11/19/2035 EUR 64.593
Realkredit Danmark A/S 1.000 10/1/2050 DKK 67.095
Intesa Sanpaolo SpA 2.625 3/11/2036 GBP 64.776
Royal Schiphol Group NV 0.750 4/22/2033 EUR 74.856
NPC Ukrenergo 6.875 11/9/2028 USD 28.053
Terragon AG 6.500 5/24/2024 EUR 1.239
Deutsche Bahn Finance G 1.125 5/29/2051 EUR 56.170
Vonovia Finance BV 1.000 1/28/2041 EUR 50.832
SES SA 5.300 4/4/2043 USD 68.678
State of North Rhine-We 1.450 2/16/2043 EUR 71.395
Republic of Belarus Int 6.875 2/28/2023 USD 38.194
Prologis International 0.750 3/23/2033 EUR 68.688
Landwirtschaftliche Ren 0.625 10/31/2036 EUR 71.788
TotalEnergies Capital I 2.986 6/29/2041 USD 71.793
OGX Austria GmbH 8.500 6/1/2018 USD 0.019
Gecina SA 0.875 6/30/2036 EUR 66.462
Petrobras Global Financ 4.500 2/4/2033 EUR 64.894
Nationale-Nederlanden B 0.050 9/24/2035 EUR 66.455
RL Finance Bonds NO 4 P 4.875 10/7/2049 GBP 73.363
British Telecommunicati 3.625 11/21/2047 GBP 67.913
Lehman Brothers UK Capi 5.750 EUR 7.000
Herens Midco Sarl 5.250 5/15/2029 EUR 53.250
Republic of Croatia FX 1.000 11/27/2034 EUR 72.446
Canary Wharf Group Inve 3.375 4/23/2028 GBP 63.125
Argenta Spaarbank NV 0.500 10/8/2041 EUR 59.234
Allianz Finance II BV 0.500 11/22/2033 EUR 73.764
Realkredit Danmark A/S 1.000 10/1/2053 DKK 59.624
BNG Bank NV 1.980 4/19/2040 SEK 73.740
Espirito Santo Financia 6.875 10/21/2019 EUR 0.104
Enel Finance Internatio 1.250 1/17/2035 EUR 73.017
DSV Finance BV 0.875 9/17/2036 EUR 68.084
Motability Operations G 2.125 1/18/2042 GBP 61.201
Coventry Building Socie 2.000 12/20/2030 GBP 74.294
BPCE SA 2.285 12/3/2035 AUD 60.167
Ramfort GmbH 6.750 3/15/2026 EUR 62.834
Bilt Paper BV 10.360 USD 1.313
Engie SA 1.000 10/26/2036 EUR 68.488
Altice France SA/France 5.125 1/15/2029 USD 69.808
Nykredit Realkredit AS 1.500 10/1/2053 DKK 65.041
Saltaire Finance PLC 1.527 11/23/2051 GBP 47.242
Societe Du Grand Paris 1.625 4/8/2042 EUR 70.456
European Financial Stab 0.700 1/20/2050 EUR 53.093
Kommunekredit 0.010 5/4/2034 EUR 70.557
A2A SpA 1.000 11/2/2033 EUR 71.583
Nordea Kredit Realkredi 1.000 10/1/2053 DKK 70.916
Global Ports Finance PL 6.500 9/22/2023 USD 44.602
Linde PLC 1.000 9/30/2051 EUR 52.570
Ukraine Government Bond 19.500 1/15/2025 UAH 70.781
Lehman Brothers UK Capi 6.900 USD 3.986
Ukraine Government Inte 7.750 9/1/2026 USD 29.587
Hannover Rueck SE 1.375 6/30/2042 EUR 73.644
Credit Mutuel Arkea SA 0.875 3/11/2033 EUR 73.586
Annington Funding PLC 2.308 10/6/2032 GBP 70.808
Nordea Kredit Realkredi 1.500 10/1/2053 DKK 74.915
Equinor ASA 3.250 11/18/2049 USD 69.831
Eurovita SpA 6.000 12/22/2025 EUR 54.639
Altice Financing SA 5.750 8/15/2029 USD 74.519
Eversholt Funding PLC 3.529 8/7/2042 GBP 71.133
Debenhams PLC 5.250 7/15/2021 GBP 0.529
UkrLandFarming PLC 10.875 3/26/2018 USD 2.430
Altice France Holding S 4.000 2/15/2028 EUR 38.708
Nostrum Oil & Gas Finan 8.000 7/25/2022 USD 25.546
Rallye SA 5.250 2/28/2032 EUR 0.096
Cooperatieve Rabobank U 0.010 11/27/2040 EUR 55.160
TenneT Holding BV 1.500 6/3/2039 EUR 73.386
Novo Banco SA/Luxembour 3.500 1/2/2043 EUR 73.384
BP Capital Markets PLC 1.104 11/15/2034 EUR 72.143
Chancellor Masters & Sc 2.350 6/27/2078 GBP 55.202
Cadent Finance PLC 2.250 10/10/2035 GBP 66.943
CCEP Finance Ireland DA 1.500 5/6/2041 EUR 68.246
National Grid Electrici 1.750 9/9/2031 GBP 73.877
European Financial Stab 2.000 2/28/2056 EUR 71.993
Clariane SE 3.350 6/29/2028 EUR 70.279
Traton Finance Luxembou 1.250 3/24/2033 EUR 74.232
National Gas Transmissi 1.125 1/14/2033 GBP 64.397
Southern Gas Networks P 3.100 9/15/2036 GBP 71.832
Societe Du Grand Paris 1.000 2/18/2070 EUR 38.352
Catalyst Housing Ltd 3.125 10/31/2047 GBP 64.507
Unilever PLC 1.500 6/11/2039 EUR 73.320
DZ Bank AG Deutsche Zen 4.884 7/30/2029 EUR 61.874
Nykredit Realkredit AS 1.000 10/1/2056 DKK 60.700
Jyske Realkredit A/S 1.000 10/1/2050 DKK 67.123
European Financial Stab 1.375 5/31/2047 EUR 67.300
NRW Bank 0.500 6/17/2041 EUR 61.672
Ukraine Government Bond 19.700 8/6/2025 UAH 74.772
Ukraine Government Bond 12.520 5/13/2026 UAH 58.821
Ukraine Government Inte 7.750 9/1/2028 USD 29.627
LEG Immobilien SE 1.625 11/28/2034 EUR 68.802
Gazprom PJSC via Gaz Fi 4.599 USD 62.000
Severn Trent Utilities 0.010 12/16/2055 GBP 41.156
AI Candelaria Spain SA 5.750 6/15/2033 USD 72.271
TotalEnergies Capital I 3.461 7/12/2049 USD 73.167
Tinkoff Bank JSC Via TC 6.000 USD 48.864
Transcapitalbank JSC Vi 10.000 USD 15.998
Sanctuary Capital PLC 2.375 4/14/2050 GBP 55.655
ICADE 0.625 1/18/2031 EUR 73.262
Unibail-Rodamco-Westfie 2.250 5/14/2038 EUR 73.978
Hellas Telecommunicatio 6.054 1/15/2015 USD 0.012
Anchor Hanover Group 2.000 7/21/2051 GBP 50.643
Close Brothers Finance 1.625 12/3/2030 GBP 69.333
Credit Bank of Moscow V 7.121 6/25/2024 USD 23.882
Region de Bruxelles-Cap 1.121 5/11/2071 EUR 41.266
Linde PLC 0.375 9/30/2033 EUR 72.270
Nederlandse Waterschaps 0.500 4/26/2051 EUR 47.728
Annington Funding PLC 3.935 7/12/2047 GBP 69.308
Deutsche Bahn Finance G 0.750 7/16/2035 EUR 72.344
Realkredit Danmark A/S 1.500 10/1/2053 DKK 70.347
City of Lausanne Switze 0.540 11/6/2062 CHF 64.646
RTE Reseau de Transport 1.125 9/9/2049 EUR 58.153
Air Liquide Finance SA 0.375 9/20/2033 EUR 72.906
Vonovia Finance BV 2.750 3/22/2038 EUR 72.423
Wendel SE 1.375 1/18/2034 EUR 72.681
Thames Water Utilities 2.625 1/24/2032 GBP 74.703
European Financial Stab 0.050 1/18/2052 EUR 39.336
State of North Rhine-We 0.600 6/4/2041 EUR 62.116
Thomas Cook Finance 2 P 3.875 7/15/2023 EUR 0.659
Jigsaw Funding PLC 3.375 5/5/2052 GBP 69.924
Utmost Group PLC 6.125 GBP 72.708
Clarion Funding PLC 1.875 1/22/2035 GBP 67.043
Cooperatieve Rabobank U 0.625 2/25/2033 EUR 74.285
Yorkshire Water Finance 1.750 10/27/2032 GBP 69.461
Nykredit Realkredit AS 1.500 10/1/2050 DKK 72.773
TotalEnergies Capital I 1.405 9/3/2031 GBP 74.148
University of Leeds 3.125 12/19/2050 GBP 69.657
Soc Nationale SNCF SACA 1.000 5/25/2040 EUR 64.078
Havila Shipping ASA 8.870 1/2/2025 NOK 42.802
Accent Capital PLC 2.625 7/18/2049 GBP 60.340
London & Quadrant Housi 2.000 3/31/2032 GBP 74.135
European Financial Stab 1.750 7/17/2053 EUR 68.352
Medtronic Global Holdin 1.500 7/2/2039 EUR 69.067
Nestle Finance Internat 0.375 12/3/2040 EUR 60.480
European Financial Stab 1.800 7/10/2048 EUR 72.382
Vnesheconombank Via VEB 6.800 11/22/2025 USD 6.507
SES SA 5.300 4/4/2043 USD 68.678
Kommunekredit 0.500 6/19/2039 DKK 63.065
Standard Chartered PLC 4.750 USD 74.130
Abengoa Abenewco 2 SA 1.500 10/26/2024 USD 1.423
Diageo Finance PLC 1.250 3/28/2033 GBP 70.375
STERIS Irish FinCo UnLt 3.750 3/15/2051 USD 71.667
Credit Agricole SA 2.811 1/11/2041 USD 64.404
Eastern Power Networks 2.125 11/25/2033 GBP 72.098
Gecci Investment KG 5.750 8/1/2025 EUR 7.436
Ukraine Government Inte 6.750 6/20/2028 EUR 26.897
Agence Francaise de Dev 1.125 3/2/2037 EUR 72.957
UNEDIC ASSEO 0.100 5/25/2034 EUR 71.182
Becton Dickinson Euro F 1.213 2/12/2036 EUR 70.753
United Utilities Water 0.010 7/27/2040 GBP 62.763
Bourbon Corp 11.652 EUR 0.936
Avanti Communications G 9.000 10/1/2022 USD 14.250
Alfa Bank AO Via Alfa B 5.500 10/26/2031 USD 0.617
Bulgaria Government Bon 0.100 8/17/2031 BGN 70.781
Unibail-Rodamco-Westfie 1.375 5/25/2033 EUR 74.280
Flagship Finance PLC 1.875 7/14/2061 GBP 46.012
Optivo Finance PLC 3.283 3/22/2048 GBP 65.756
Kreditanstalt fuer Wied 0.375 5/20/2036 EUR 70.325
TenneT Holding BV 1.125 6/9/2041 EUR 69.434
Russian Foreign Bond - 5.100 3/28/2035 USD 35.466
Bank Gospodarstwa Krajo 2.000 11/3/2036 EUR 70.960
Annington Funding PLC 2.924 10/6/2051 GBP 54.040
Realkredit Danmark A/S 1.500 10/1/2053 DKK 74.846
Kairos Global Solutions 1.900 7/3/2035 USD 74.107
Engie SA 1.250 10/24/2041 EUR 62.214
Saleza AS 9.000 7/12/2021 EUR 0.203
Realkredit Danmark A/S 1.000 10/1/2053 DKK 70.651
Logicor Financing Sarl 2.750 1/15/2030 GBP 74.567
Clarion Funding PLC 1.250 11/13/2032 GBP 68.148
City of Lausanne Switze 0.050 9/28/2054 CHF 58.514
Region de Bruxelles-Cap 1.500 6/22/2070 EUR 48.849
National Grid Electrici 2.750 2/6/2035 GBP 73.221
Cyprus Government Inter 1.250 1/21/2040 EUR 64.972
B2W Digital Lux Sarl 4.375 12/20/2030 USD 17.250
Hera SpA 1.000 4/25/2034 EUR 72.057
Diebold Nixdorf Dutch H 9.000 7/15/2025 EUR 7.618
University of Southampt 2.250 4/11/2057 GBP 52.993
EYEMAXX Real Estate AG 5.500 9/24/2024 EUR 1.656
NRW Bank 1.200 3/28/2039 EUR 73.096
Sage Group PLC/The 1.625 2/25/2031 GBP 74.608
University College Lond 1.625 6/4/2061 GBP 45.670
CRC Breeze Finance SA 6.110 5/8/2026 EUR 74.417
DWR Cymru Financing UK 2.500 3/31/2036 GBP 71.553
UniCredit Bank Austria 0.050 9/21/2035 EUR 66.234
Yandex NV 0.750 9/13/2022 USD 69.375
Beyond Housing Ltd 2.125 5/17/2051 GBP 52.848
DZ Bank AG Deutsche Zen 4.800 6/26/2029 EUR 65.355
ING-DiBa AG 1.000 5/23/2039 EUR 69.871
British Telecommunicati 1.774 6/25/2042 GBP 71.892
Bausparkasse Schwaebisc 0.200 4/27/2033 EUR 74.157
Ukraine Government Inte 7.750 9/1/2025 USD 33.114
Banco Espirito Santo SA 7.125 11/28/2023 EUR 0.397
Nykredit Realkredit AS 0.500 10/1/2050 DKK 64.200
Land Baden-Wuerttemberg 0.125 11/19/2040 EUR 57.516
Yuksel Insaat AS 9.500 11/10/2015 USD 0.500
City of Lausanne Switze 0.230 11/1/2060 CHF 57.897
SCF Capital Designated 5.375 6/16/2023 USD 73.043
Autonomous Community of 0.700 7/30/2033 EUR 74.205
VEON Holdings BV 3.375 11/25/2027 USD 69.401
State of Schleswig-Hols 0.200 8/15/2039 EUR 60.988
Nykredit Realkredit AS 0.500 10/1/2050 DKK 67.423
Canton of Zurich 0.100 6/23/2045 CHF 73.633
Siemens Financieringsma 3.300 9/15/2046 USD 72.993
Russian Foreign Bond - 2.875 12/4/2025 EUR 62.542
Barclays Bank PLC 3.967 12/28/2040 EUR 73.623
Master & Fellows of Uni 3.068 4/28/2065 GBP 56.250
SCOR SE 1.375 9/17/2051 EUR 73.005
Southern Housing 3.500 10/19/2047 GBP 67.604
Guinness Partnership Lt 2.000 4/22/2055 GBP 47.281
Ukraine Government Inte 7.375 9/25/2034 USD 27.752
Societe Du Grand Paris 0.875 5/10/2046 EUR 55.262
City of Bern Switzerlan 0.040 10/2/2070 CHF 52.503
Havila Shipping ASA 8.120 1/2/2025 NOK 39.054
BAWAG PSK Bank fuer Arb 0.375 3/25/2041 EUR 58.252
Cooperatieve Rabobank U 0.500 7/30/2043 MXN 14.793
Hyde Housing Associatio 1.750 8/18/2055 GBP 44.249
Kuntarahoitus Oyj 0.050 9/10/2035 EUR 68.166
Gecci Investment KG 6.000 10/1/2027 EUR 3.962
Nykredit Realkredit AS 0.500 10/1/2043 DKK 74.923
Telenor ASA 0.875 2/14/2035 EUR 71.927
BPCE SA 3.582 10/19/2042 USD 63.807
Heimstaden Bostad AB 2.800 5/4/2035 EUR 55.274
Aeroports de Paris 1.125 6/18/2034 EUR 74.867
Deutsche Bahn Finance G 0.875 6/23/2039 EUR 67.147
Iren SpA 0.250 1/17/2031 EUR 74.177
Jyske Realkredit A/S 1.500 10/1/2050 DKK 72.754
Salerno Pompei Napoli S 2.800 1/19/2045 EUR 66.320
WD Invest Sarl 1.900 10/2/2024 EUR 11.952
Orpea SA 2.130 7/3/2024 EUR 27.776
AOC I Die Stadtentwickl 7.500 4/8/2027 EUR 49.015
Avangardco Investments 10.000 10/29/2018 USD 0.103
Ukraine Government Inte 7.750 9/1/2027 USD 29.184
Ministeries Van de Vlaa 0.875 3/21/2046 EUR 56.200
State of Rhineland-Pala 0.375 4/1/2041 EUR 60.014
EDOB Abwicklungs AG 7.500 4/1/2012 EUR 1.537
Agence Francaise de Dev 0.500 5/31/2035 EUR 71.023
Cooperatieve Rabobank U 1.000 1/19/2034 EUR 74.802
Rhaetische Bahn AG RHB 0.050 8/3/2050 CHF 67.218
Orpea SA 2.750 6/3/2033 EUR 28.238
DH Europe Finance II Sa 1.800 9/18/2049 EUR 64.411
Commune de Marseille 0.509 12/17/2041 EUR 56.878
Telefonica Emisiones SA 1.864 7/13/2040 EUR 71.286
Intesa Sanpaolo SpA 2.100 11/13/2030 USD 71.707
Paragon Treasury Plc 2.000 5/7/2036 GBP 64.473
de Volksbank NV 0.125 11/19/2040 EUR 56.148
Cardiff University 3.000 12/7/2055 GBP 65.412
New World Resources NV 4.000 10/7/2020 EUR 0.369
OGX Austria GmbH 8.375 4/1/2022 USD 0.067
Ministeries Van de Vlaa 1.500 4/11/2044 EUR 67.548
New World Resources NV 8.000 4/7/2020 EUR 0.105
DSV Finance BV 0.750 7/5/2033 EUR 74.817
Volkswagen Internationa 1.500 1/21/2041 EUR 62.800
Cooperatieve Rabobank U 0.500 10/29/2027 MXN 65.117
Aroundtown SA 4.750 3/27/2032 USD 64.355
Credit Bank of Moscow V 5.550 2/14/2023 USD 22.712
InterCement Financial O 5.750 7/17/2024 USD 66.997
Ukraine Government Bond 19.750 11/5/2025 UAH 74.417
Lithuania Government In 1.625 6/19/2049 EUR 61.927
Stichting Afwikkeling O 6.250 10/26/2020 EUR 43.625
European Primary Placem 1.732 11/9/2055 GBP 45.929
National Gas Transmissi 1.625 1/14/2043 GBP 48.999
Societe Du Grand Paris 1.000 11/26/2051 EUR 50.286
Alno AG 8.500 5/14/2018 EUR 17.305
Canton of Geneva Switze 0.500 10/31/2056 CHF 72.259
Peabody Capital No 2 Pl 3.250 9/14/2048 GBP 65.397
Ukraine Government Inte 7.750 9/1/2024 USD 33.818
Raiffeisen-Landesbank S 0.500 5/27/2041 EUR 59.127
United Utilities Water 2.000 7/3/2033 GBP 71.650
Nordea Kredit Realkredi 1.500 10/1/2053 DKK 65.041
TotalEnergies Capital I 1.535 5/31/2039 EUR 73.308
Omnicom Capital Holding 2.250 11/22/2033 GBP 72.331
Alitalia-Societa Aerea 5.250 7/30/2020 EUR 0.221
Virgolino de Oliveira F 10.500 1/28/2018 USD 0.010
Virgolino de Oliveira F 11.750 2/9/2022 USD 0.628
Caisse Francaise de Fin 0.500 10/1/2046 EUR 52.818
Croatia Government Bond 1.250 3/3/2040 EUR 64.961
BPCE SA 2.315 11/19/2035 AUD 60.502
Land Berlin 0.050 8/6/2040 EUR 56.802
Prosus NV 4.027 8/3/2050 USD 58.743
Anglo American Capital 3.950 9/10/2050 USD 71.055
Yorkshire Water Service 1.462 8/1/2051 GBP 70.236
Sidetur Finance BV 10.000 4/20/2016 USD 0.751
Celtic Resources Holdin 4.125 10/9/2024 USD 14.527
Solarworld AG 9.691 2/24/2019 EUR 14.875
National Gas Transmissi 1.375 2/7/2031 GBP 71.883
O1 Properties Finance P 0.500 9/27/2028 USD 5.823
Intesa Sanpaolo SpA 4.375 1/12/2048 USD 67.810
Investor AB 1.500 6/20/2039 EUR 69.895
OGX Austria GmbH 8.375 4/1/2022 USD 0.067
Deutsche Bahn Finance G 3.350 1/20/2042 AUD 71.429
Swan Housing Capital pl 3.625 3/5/2048 GBP 70.795
Bunzl Finance PLC 1.500 10/30/2030 GBP 74.289
Zurich Finance Ireland 1.600 12/17/2052 EUR 71.759
London & Quadrant Housi 2.000 10/20/2038 GBP 61.086
States of Guernsey Bond 3.375 12/12/2046 GBP 73.333
Northern Powergrid Nort 1.875 6/16/2062 GBP 44.853
Unibail-Rodamco-Westfie 1.750 7/1/2049 EUR 57.401
Shell International Fin 3.125 11/7/2049 USD 67.967
Jyske Realkredit A/S 1.000 10/1/2053 DKK 65.824
Caisse des Depots et Co 1.552 8/16/2038 EUR 72.558
Saltaire Finance PLC 2.711 5/9/2052 GBP 63.999
Electricite de France S 4.990 10/21/2056 USD 74.514
Northern Powergrid York 2.250 10/9/2059 GBP 49.896
Ukraine Government Inte 9.750 11/1/2030 USD 29.833
Autonomous Community of 1.255 10/31/2048 EUR 52.915
National Grid Electrici 1.625 10/7/2035 GBP 63.440
Kommunekredit 0.125 9/26/2040 EUR 57.630
Heimstaden Bostad AB 2.800 5/4/2035 EUR 54.047
Land Securities Capital 2.625 9/22/2037 GBP 69.823
Bayerische Landesbank 1.550 2/13/2040 EUR 48.631
Grand City Properties S 3.432 8/8/2034 EUR 73.061
Deutsche Wohnen SE 0.500 4/7/2031 EUR 74.458
Raiffeisenlandesbank Ob 0.500 1/22/2035 EUR 71.276
Gazprom PJSC Via Gaz Ca 4.950 2/6/2028 USD 74.924
Deutsche Bank AG/London 13.750 6/20/2026 TRY 14.872
Nederlandse Waterschaps 0.877 6/24/2054 EUR 49.749
Prologis International 3.000 2/22/2042 GBP 66.294
Cooperatieve Rabobank U 0.500 10/30/2043 MXN 12.023
Vedanta Resources Finan 9.250 4/23/2026 USD 60.939
Northern Powergrid Nort 3.250 4/1/2052 GBP 66.794
Altice France SA/France 4.250 10/15/2029 EUR 69.244
Community Finance Co 1 0.339 12/1/2040 GBP 74.124
Communaute Francaise de 2.300 4/25/2089 EUR 67.068
Covivio SA/France 0.875 1/20/2033 EUR 70.886
Mallinckrodt Internatio 10.000 4/15/2025 USD 11.942
Martlet Homes Ltd 3.000 5/9/2052 GBP 63.423
Privatbank CJSC Via UK 10.875 2/28/2018 USD 7.542
Credit Agricole Corpora 1.550 9/8/2031 AUD 72.579
National Grid Electrici 0.010 3/26/2036 GBP 71.950
Land Berlin 0.125 11/24/2045 EUR 49.064
Citizen Treasury PLC 3.250 10/20/2048 GBP 68.378
Alpine Holding GmbH 5.250 7/1/2015 EUR 0.372
Liquid Telecommunicatio 5.500 9/4/2026 USD 62.936
ABN AMRO Bank NV 1.115 3/3/2042 EUR 66.840
Nykredit Realkredit AS 1.000 10/1/2053 DKK 59.544
FF Group Finance Luxemb 1.750 7/3/2019 EUR 4.909
Credit Bank of Moscow V 7.500 10/5/2027 USD 21.609
BNG Bank NV 0.010 10/5/2032 EUR 74.727
Region de Bruxelles-Cap 0.562 12/23/2065 EUR 28.080
Orpea SA 3.000 11/25/2041 EUR 27.445
DH Europe Finance II Sa 3.400 11/15/2049 USD 73.496
Manchester Airport Grou 2.875 3/31/2039 GBP 68.006
Elli Finance UK PLC 8.750 6/15/2019 GBP 42.613
Aster Treasury Plc 1.405 1/27/2036 GBP 63.726
Blend Funding PLC 2.922 4/5/2054 GBP 59.992
Deutsche Wohnen SE 1.300 4/7/2041 EUR 58.858
LSF9 Balta Issuer SARL 3.000 12/31/2030 EUR 63.817
Nordea Kredit Realkredi 1.500 10/1/2053 DKK 70.389
Assura Financing PLC 1.500 9/15/2030 GBP 73.520
Banca Popolare di Vicen 2.821 12/20/2017 EUR 0.396
National Grid Electrici 1.657 7/28/2056 GBP 74.262
BPCE SA 2.614 3/4/2036 AUD 62.481
Russian Foreign Bond - 4.750 5/27/2026 USD 55.840
Senivita Social Estate 6.500 5/12/2025 EUR 2.410
ESFIL-Espirito Santo Fi 5.250 6/12/2015 EUR 0.172
Ukraine Government Bond 19.600 4/2/2025 UAH 71.372
Nordea Kredit Realkredi 2.000 10/1/2053 DKK 72.516
Societe Generale SA 10.000 6/28/2034 USD 66.230
Banco Espirito Santo SA 6.438 EUR 1.335
Aktia Bank Oyj 0.800 2/26/2036 EUR 64.404
Deutsche Bahn Finance G 1.375 4/16/2040 EUR 70.996
City of Lugano Switzerl 0.150 11/28/2070 CHF 50.801
BPCE SA 3.582 10/19/2042 USD 63.862
Societe Du Grand Paris 0.300 9/2/2036 EUR 65.330
Eastern Power Networks 1.875 6/1/2035 GBP 67.301
Ministeries Van de Vlaa 0.125 10/15/2035 EUR 66.130
Ile-de-France Mobilites 1.275 2/14/2042 EUR 66.553
Caisse Francaise de Fin 0.125 2/15/2036 EUR 65.779
Pershing Square Holding 4.950 7/15/2039 USD 72.089
Assistance Publique Hop 1.750 11/27/2041 EUR 72.793
Bromford Housing Group 2.554 3/17/2054 GBP 54.620
Swissgrid AG 0.050 6/30/2050 CHF 56.974
MMK International Capit 4.375 6/13/2024 USD 27.930
Nestle Hungaria Kft 1.750 5/31/2028 HUF 74.500
Nordea Kredit Realkredi 1.500 10/1/2050 DKK 72.812
Pentracor GmbH 8.500 5/29/2025 EUR 2.601
Canary Wharf Group Inve 1.750 4/7/2026 EUR 69.533
Espirito Santo Financia 3.125 12/2/2018 EUR 0.760
Church Commissioners fo 3.625 7/14/2052 GBP 73.155
Segro PLC 2.875 10/11/2037 GBP 70.155
Tennor Finance BV 5.750 6/17/2024 EUR 65.000
Credit Agricole Italia 0.125 3/15/2033 EUR 70.335
European Financial Stab 1.200 2/17/2045 EUR 66.790
Nykredit Realkredit AS 0.500 10/1/2053 DKK 62.032
BNG Bank NV 0.875 10/24/2036 EUR 73.749
NRW Bank 0.100 7/9/2035 EUR 68.519
Barclays Bank PLC 0.500 1/28/2033 MXN 40.466
Societe Du Grand Paris 1.700 5/25/2050 EUR 64.160
La Poste SA 1.000 9/17/2034 EUR 74.193
A2A SpA 0.625 10/28/2032 EUR 72.026
Italgas SpA 0.500 2/16/2033 EUR 71.069
Jyske Realkredit A/S 2.000 10/1/2053 DKK 72.295
Pro-Gest SpA 3.250 12/15/2024 EUR 70.938
Telefonica Emisiones SA 1.957 7/1/2039 EUR 73.939
ABN AMRO Bank NV 0.400 9/17/2041 EUR 58.530
Hacienda Investments Lt 5.350 2/8/2028 USD 58.116
Metalloinvest Finance D 3.375 10/22/2028 USD 54.088
Deutsche Lichtmiete AG 5.750 12/1/2023 EUR 1.703
Transports Publics Du C 0.450 12/29/2056 CHF 64.725
Ukraine Government Inte 4.375 1/27/2032 EUR 24.774
Caisse Francaise de Fin 0.375 2/13/2040 EUR 60.315
Gol Finance SA 7.000 1/31/2025 USD 59.903
Altice France SA/France 3.375 1/15/2028 EUR 69.964
Beno Holding AG 5.300 11/29/2027 EUR 69.577
Region de Bruxelles-Cap 0.444 3/19/2057 EUR 33.026
Novo Banco SA/Luxembour 3.500 3/18/2043 EUR 73.117
Credit Suisse AG/London 9.000 4/22/2024 USD 30.000
Wrekin Housing Group Lt 2.500 10/22/2048 GBP 57.159
Thames Water Utilities 2.442 5/12/2050 GBP 45.039
Communaute Francaise de 0.625 6/11/2035 EUR 70.545
Volkswagen Internationa 3.500 4/2/2043 EUR 74.603
Espirito Santo Financia 9.750 12/19/2025 EUR 0.759
Muenchener Hypothekenba 1.000 4/18/2039 EUR 70.792
Virgolino de Oliveira F 10.500 1/28/2018 USD 0.641
Banca Popolare di Vicen 9.500 9/29/2025 EUR 0.380
State of North Rhine-We 0.500 1/15/2052 EUR 47.602
University of Liverpool 3.375 6/25/2055 GBP 71.433
Coruripe Netherlands BV 10.000 2/10/2027 USD 73.217
Borets Finance DAC 6.000 9/17/2026 USD 48.771
Free and Hanseatic City 0.200 9/3/2049 EUR 45.126
Wales & West Utilities 1.875 5/28/2041 GBP 56.815
MHP SE 7.750 5/10/2024 USD 67.960
Offshore Drilling Holdi 8.375 9/20/2020 USD 1.040
Scottish Hydro Electric 2.250 9/27/2035 GBP 69.607
Platform HG Financing P 1.926 9/15/2041 GBP 60.125
Region Provence-Alpes-C 1.460 10/3/2036 EUR 74.793
Thames Water Utilities 1.760 8/28/2062 GBP 63.181
Sovereign Housing Capit 2.375 11/4/2048 GBP 56.792
Caisse des Depots et Co 1.930 3/6/2048 EUR 68.161
Realkredit Danmark A/S 2.000 10/1/2053 DKK 72.278
Cooperatieve Rabobank U 0.500 1/31/2033 MXN 37.847
Societa di Progetto Bre 3.375 12/31/2038 EUR 71.908
RTE Reseau de Transport 1.125 7/8/2040 EUR 66.788
Ukraine Government Inte 8.994 2/1/2026 USD 30.346
Gazprom PJSC via Gaz Fi 1.850 11/17/2028 EUR 60.133
WM Morrison Supermarket 2.500 10/1/2031 GBP 36.713
Gazprom PJSC via Gaz Fi 3.897 EUR 60.317
Nationale-Nederlanden B 0.375 3/4/2041 EUR 59.041
Muenchener Hypothekenba 0.010 10/19/2039 EUR 57.609
Haya Holdco 2 PLC 12.462 11/30/2025 EUR 38.536
Jyske Realkredit A/S 1.500 10/1/2053 DKK 70.353
Autonomous Community of 2.300 5/24/2049 EUR 67.922
National Grid Electrici 2.000 9/16/2038 GBP 60.669
Republic of Ireland Int 1.425 9/18/2119 EUR 48.306
Autoroute de Liaison Se 2.485 7/31/2046 EUR 74.941
NAK Naftogaz Ukraine vi 7.625 11/8/2026 USD 40.086
Malta Government Bond 1.000 8/23/2035 EUR 72.250
Deutsche Lichtmiete AG 5.250 2/1/2027 EUR 0.850
Berner Kantonalbank AG 0.100 9/30/2039 CHF 72.997
Realkredit Danmark A/S 1.500 10/1/2053 DKK 65.010
Fresnillo PLC 4.250 10/2/2050 USD 72.770
Serbia International Bo 2.050 9/23/2036 EUR 62.127
Prs Finance PLC 1.500 8/24/2034 GBP 70.264
State of Hesse 0.750 8/4/2036 EUR 73.041
Deutsche Lichtmiete AG 5.250 9/1/2025 EUR 0.626
Romanian Government Int 2.000 4/14/2033 EUR 70.257
City of Lausanne Switze 0.680 3/11/2058 CHF 71.636
Transport for London 3.625 5/15/2045 GBP 74.616
Blend Funding PLC 3.508 5/4/2057 GBP 66.639
LiveWest Treasury PLC 1.875 2/18/2056 GBP 46.250
Holcim US Finance Luxem 2.240 10/15/2031 USD 74.551
SNCF Reseau 2.250 12/20/2047 EUR 73.827
Bayerische Landesbank 2.020 10/14/2030 EUR 74.988
Nordea Kredit Realkredi 0.500 10/1/2050 DKK 67.490
DWR Cymru Financing UK 1.375 3/31/2033 GBP 68.847
Region Wallonne Belgium 0.650 1/16/2051 EUR 45.273
Muenchener Hypothekenba 0.250 3/29/2041 CHF 74.902
Intesa Sanpaolo SpA 1.400 2/8/2031 GBP 67.318
Sovcombank Via SovCom C 7.750 USD 1.358
Penarian Housing Financ 3.212 6/7/2052 GBP 66.522
London & Quadrant Housi 2.750 7/20/2057 GBP 55.100
Yorkshire Water Service 1.758 2/1/2054 GBP 72.752
Severn Trent Utilities 1.602 9/29/2056 GBP 74.228
Karbon Homes Ltd 3.375 11/15/2047 GBP 71.699
Action Logement Service 0.750 7/19/2041 EUR 60.103
SNCF Reseau 2.000 2/5/2048 EUR 68.982
Commune de Marseille 0.498 12/17/2040 EUR 58.511
de Volksbank NV 0.375 9/16/2041 EUR 57.594
Ministeries Van de Vlaa 1.500 7/12/2038 EUR 74.666
Irish Bank Resolution C 0.566 6/21/2016 EUR 0.679
Caisse Francaise de Fin 0.625 1/20/2042 EUR 60.527
adidas AG 0.625 9/10/2035 EUR 70.630
Region de Bruxelles-Cap 1.100 6/22/2066 EUR 43.297
Abengoa Abenewco 2 SA 1.500 10/26/2024 USD 0.009
Nederlandse Waterschaps 0.125 9/3/2035 EUR 68.180
Credit Suisse AG/London 2.300 9/24/2031 USD 74.384
Ile-de-France Mobilites 0.950 5/28/2041 EUR 63.611
National Grid Electrici 1.541 12/1/2053 GBP 70.705
Lloyds Bank PLC 2.560 9/4/2038 SEK 70.529
Northern Electric Finan 2.750 5/24/2049 GBP 61.823
TechnipFMC PLC 3.750 10/7/2033 EUR 69.893
Norske Skogindustrier A 7.000 12/30/2026 EUR 0.010
Privatbank CJSC Via UK 11.000 2/9/2021 USD 1.000
Jyske Realkredit A/S 1.000 10/1/2053 DKK 70.852
ABN AMRO Bank NV 0.375 1/14/2035 EUR 71.590
Communaute Francaise de 0.626 8/24/2040 EUR 59.696
Waterside Campus Develo 3.302 11/30/2054 GBP 74.010
Ukraine Government Inte 7.750 9/1/2029 USD 29.543
DZ Bank AG Deutsche Zen 1.055 3/11/2031 EUR 70.989
LIB-Landesimmobilien Bu 0.620 7/15/2041 EUR 61.544
Russian Foreign Bond - 5.250 6/23/2047 USD 36.976
Kernel Holding SA 6.750 10/27/2027 USD 59.093
Deutsche Wohnen SE 2.000 3/28/2034 EUR 69.106
City of Lausanne Switze 0.600 11/30/2056 CHF 69.994
Free and Hanseatic City 0.250 2/18/2041 EUR 58.635
Societe Generale SA 2.360 5/25/2031 USD 74.797
Onward Homes Ltd 2.125 3/25/2053 GBP 49.312
Single Platform Investm 3.070 8/15/2041 NOK 70.533
RHP Finance PLC 3.250 2/5/2048 GBP 69.887
Russian Federal Bond - 6.900 2/6/2036 RUB 74.980
Herefordshire Capital P 4.193 11/28/2049 GBP 71.450
Republic of Belarus Int 7.625 6/29/2027 USD 48.924
Atari SA 6.500 7/31/2026 EUR #N/A N/A
City of Lausanne Switze 0.600 7/6/2050 CHF 74.251
Metinvest BV 7.750 10/17/2029 USD 59.000
Kommunekredit 0.500 7/30/2027 TRY 30.559
Motability Operations G 2.375 7/3/2039 GBP 67.336
Lehman Brothers UK Capi 5.125 EUR 16.125
Lukoil Capital DAC 3.600 10/26/2031 USD 72.284
Banco Santander SA 0.100 2/27/2032 EUR 74.595
Paradigm Homes Charitab 2.250 5/20/2051 GBP 54.201
Orpea SA 2.000 8/9/2029 EUR 28.240
Luzerner Kantonalbank A 0.150 10/7/2044 CHF 69.315
Electricite de France S 4.650 10/21/2046 USD 74.978
Nordea Kredit Realkredi 1.000 10/1/2053 DKK 59.632
Diebold Nixdorf Dutch H 9.000 7/15/2025 EUR 7.618
Landesbank Saar 0.650 11/19/2035 EUR 64.602
Kreditanstalt fuer Wied 1.000 10/19/2050 EUR 58.321
London & Quadrant Housi 3.750 10/27/2049 GBP 70.510
DWR Cymru Financing UK 2.375 3/31/2034 GBP 68.194
Endo Luxembourg Finance 6.125 4/1/2029 USD 72.250
MHP Lux SA 6.950 4/3/2026 USD 56.904
Region Hauts-de-France 0.402 2/18/2043 EUR 53.117
BAWAG PSK Bank fuer Arb 0.625 6/19/2034 EUR 73.800
British Telecommunicati 3.883 6/25/2039 GBP 71.986
Sovcombank Via SovCom C 7.600 USD 4.035
Sberbank of Russia Via 5.125 10/29/2022 USD 32.618
Stonewater Funding PLC 1.625 9/10/2036 GBP 63.275
Nykredit Realkredit AS 1.000 10/1/2050 DKK 67.090
Intrum AB 3.500 7/15/2026 EUR 74.823
Aroundtown SA 2.970 9/26/2033 EUR 54.275
MS Deutschland Beteilig 6.875 12/18/2017 EUR 0.100
Orbit Capital PLC 3.375 6/14/2048 GBP 67.239
Nostrum Oil & Gas Finan 5.000 6/30/2026 USD 64.576
Lehman Brothers UK Capi 3.875 EUR 18.750
Muenchener Hypothekenba 0.125 9/5/2035 EUR 68.115
Polyus Finance PLC 3.250 10/14/2028 USD 61.664
Incommunities Treasury 3.250 3/21/2049 GBP 69.685
MHP Lux SA 6.250 9/19/2029 USD 53.481
State of North Rhine-We 0.500 11/25/2039 EUR 63.763
Holcim Finance Luxembou 1.375 10/8/2036 EUR 62.433
Kommunekredit 1.375 5/18/2046 SEK 62.890
Ukraine Government Inte 15.840 2/26/2025 UAH 71.966
Ville de Paris 0.450 10/20/2045 EUR 51.086
State of Bremen 0.450 2/24/2051 EUR 47.141
Raiffeisenlandesbank Ob 3.093 6/9/2036 EUR 65.600
Altice France SA/France 4.125 1/15/2029 EUR 69.812
PJSC Koks via IMH Capit 5.900 9/23/2025 USD 8.623
Mondelez International 1.250 9/9/2041 EUR 63.721
LSEGA Financing PLC 3.200 4/6/2041 USD 72.187
Credit Agricole Italia 0.750 1/20/2042 EUR 58.067
State of North Rhine-We 0.375 9/2/2050 EUR 46.412
Aroundtown SA 2.700 10/31/2028 EUR 70.634
Aragvi Finance Internat 8.450 4/29/2026 USD 66.731
Cadent Finance PLC 3.125 3/21/2040 GBP 68.116
Prosus NV 1.985 7/13/2033 EUR 67.889
Intesa Sanpaolo SpA 2.500 10/14/2031 USD 72.233
State of Brandenburg 0.600 10/13/2051 EUR 49.523
PIK Securities DAC 5.625 11/19/2026 USD 44.320
VF Ukraine PAT via VFU 6.200 2/11/2025 USD 74.009
Romanian Government Int 3.375 1/28/2050 EUR 62.228
State of North Rhine-We 0.800 7/30/2049 EUR 55.026
Landeskreditbank Baden- 0.610 11/17/2050 EUR 52.758
Hellas Telecommunicatio 8.500 10/15/2013 EUR 0.140
State of Bremen 0.500 5/6/2041 EUR 60.890
UBS AG/London 11.000 1/8/2024 CHF 20.920
Russian Federal Bond - 0.250 7/20/2044 RUB 15.000
Windreich GmbH 6.500 7/15/2016 EUR 2.780
LiveWest Treasury PLC 2.250 10/10/2043 GBP 60.609
Republic of Ireland Int 0.740 11/27/2120 EUR 27.334
Bank Nadra Via NDR Fina 8.250 7/31/2018 USD 0.208
BAE Systems PLC 3.000 9/15/2050 USD 64.377
Altice France SA/France 4.000 7/15/2029 EUR 69.078
Compact Bidco BV 5.750 5/1/2026 EUR 64.963
Nordea Kredit Realkredi 0.500 10/1/2053 DKK 65.505
Italy Buoni Poliennali 2.800 3/1/2067 EUR 67.845
Kommunekredit 0.875 11/3/2036 EUR 73.409
Bayerische Landesbank 1.820 5/12/2031 EUR 71.700
ING Bank NV 1.000 2/17/2037 EUR 73.692
Notting Hill Genesis 3.250 10/12/2048 GBP 65.012
Metinvest BV 7.650 10/1/2027 USD 61.100
Affinity Water Finance 0.230 11/22/2042 GBP 61.139
DZ Bank AG Deutsche Zen 1.550 6/27/2041 EUR 71.580
Veneto Banca SpA 9.878 12/1/2025 EUR 0.708
BPCE SFH SA 0.375 3/18/2041 EUR 58.651
DZ HYP AG 0.375 11/10/2034 EUR 72.112
MVM Energetika Zrt 3.250 9/3/2031 HUF 70.000
Orbit Capital PLC 2.000 11/24/2038 GBP 60.805
Free State of Bavaria 0.010 3/28/2036 EUR 66.026
London & Quadrant Housi 3.125 2/28/2053 GBP 61.944
GN Store Nord AS 1.970 3/3/2036 EUR 56.916
Action Logement Service 0.500 10/30/2034 EUR 71.605
State of North Rhine-We 0.750 8/16/2041 EUR 63.586
Holcim Sterling Finance 2.250 4/4/2034 GBP 69.338
Metinvest BV 8.500 4/23/2026 USD 66.757
AXA Bank Europe SCF 0.250 6/9/2040 EUR 58.525
Banco Espirito Santo SA 6.618 EUR 0.415
Single Platform Investm 1.448 7/25/2053 EUR 58.989
Espirito Santo Financia 5.050 11/15/2025 EUR 0.759
Russian Foreign Bond - 5.875 9/16/2043 USD 66.416
FNG Benelux Holding NV 5.000 8/28/2023 EUR 1.013
State of Saxony-Anhalt 0.500 3/24/2051 EUR 48.477
AXA Home Loan SFH SA 0.125 6/25/2035 EUR 67.636
Dtek Renewables Finance 8.500 11/12/2024 EUR 51.858
Blend Funding PLC 2.467 6/16/2061 GBP 48.734
State of North Rhine-We 1.550 6/16/2048 EUR 68.984
Deutsche Bank AG 1.580 10/23/2031 EUR 73.872
Gazprom PJSC via Gaz Fi 3.250 2/25/2030 USD 62.217
Engie SA 1.375 6/21/2039 EUR 66.805
Rena GmbH 7.000 12/15/2015 EUR 0.054
Aktia Bank Oyj 0.500 3/30/2031 EUR 74.152
Signa Development Finan 5.500 7/23/2026 EUR 70.458
CBo Territoria 3.750 7/1/2024 EUR 4.700
Bazalgette Finance Plc 2.750 3/10/2034 GBP 74.931
Autobahnen- und Schnell 0.100 7/16/2035 EUR 69.084
AnaCap Financial Europe 8.725 8/1/2024 EUR 49.324
ESB Finance DAC 1.875 7/21/2035 GBP 67.627
Norske Skogindustrier A 2.000 12/30/2115 EUR 0.367
State of Lower Austria 1.000 9/15/2121 EUR 30.447
Ahtium PLC 4.000 12/16/2015 EUR 0.586
Region Provence-Alpes-C 0.753 1/5/2037 EUR 66.530
Erste Group Bank AG 0.500 1/12/2037 EUR 67.237
Region of Pays de la Lo 0.877 10/28/2041 EUR 61.169
Orbit Capital PLC 3.500 3/24/2045 GBP 70.063
Severstal OAO Via Steel 3.150 9/16/2024 USD 5.485
Hemso Fastighets AB 3.020 9/14/2048 SEK 61.788
Thames Water Utilities 1.771 8/28/2057 GBP 63.512
Housing & Care 21 3.288 11/8/2049 GBP 67.339
NRW Bank 1.150 9/16/2051 EUR 60.678
Kommunekredit 1.700 6/26/2045 EUR 73.470
Allergan Funding SCS 4.750 3/15/2045 USD 74.344
State of Bremen 0.400 8/20/2049 EUR 48.001
Caisse Francaise de Fin 0.510 11/19/2040 EUR 59.596
A-TEC Industries AG 8.750 10/27/2014 EUR 0.100
Republic of Belarus Int 6.378 2/24/2031 USD 40.225
DekaBank Deutsche Giroz 1.100 11/25/2030 EUR 72.024
Notting Hill Genesis 2.000 6/3/2036 GBP 65.117
Nederlandse Waterschaps 1.625 1/29/2048 EUR 70.582
Phosphorus Holdco PLC 10.000 4/1/2019 GBP 0.947
Pershing Square Holding 3.000 7/15/2032 USD 69.689
Thames Water Utilities 1.819 8/28/2049 GBP 68.487
niiio finance group AG 4.000 5/31/2026 EUR 35.000
Boparan Finance PLC 7.625 11/30/2025 GBP 66.304
Swissgrid AG 0.200 6/29/2040 CHF 71.782
British Telecommunicati 3.924 6/25/2042 GBP 68.803
Hylea Group SA 7.250 12/1/2022 EUR 0.200
Jyske Realkredit A/S 1.500 10/1/2053 DKK 65.037
Intesa Sanpaolo SpA 2.700 3/29/2031 USD 73.878
Pfandbriefbank schweize 0.375 6/15/2046 CHF 74.582
Kreditanstalt fuer Wied 1.100 9/16/2051 EUR 59.542
Malta Government Bond 1.200 5/13/2037 EUR 71.028
Gemeente Bergen OP Zoom 0.440 9/20/2044 EUR 55.162
Stelius Befektetoe Zart 3.100 9/17/2030 HUF 66.500
VST Building Technologi 7.000 6/28/2024 EUR 0.031
Single Platform Investm 2.965 2/15/2042 NOK 71.634
Celtic Resources Holdin 4.125 10/9/2024 USD 14.527
Lukoil Securities BV 3.875 5/6/2030 USD 74.222
Ukraine Government Bond 12.940 2/14/2024 UAH 74.564
Unibail-Rodamco-Westfie 2.000 5/29/2037 EUR 73.720
Land Thueringen 1.127 4/2/2049 EUR 60.136
Republic of Belarus Int 5.875 2/24/2026 USD 49.105
Intrum AB 3.000 9/15/2027 EUR 66.650
Credit Suisse Internati 9.500 3/24/2026 UAH 58.510
Banco Espirito Santo SA 6.875 7/15/2016 EUR 21.162
Deutsche Konsum REIT-AG 3.100 4/28/2031 EUR 74.774
Cie de Financement Fonc 0.010 10/29/2035 EUR 65.820
Ministeries Van de Vlaa 1.000 10/13/2036 EUR 72.813
Caisse Francaise de Fin 0.010 10/19/2035 EUR 65.411
Hungary Government Inte 3.125 9/21/2051 USD 59.167
Single Platform Investm 1.548 10/31/2050 EUR 60.004
City of Hanover Germany 1.560 5/3/2048 EUR 69.527
Kingdom of Belgium Gove 1.400 6/22/2053 EUR 60.816
Gazprom PJSC via Gaz Fi 2.950 1/27/2029 USD 63.000
Region Wallonne Belgium 1.000 9/16/2059 EUR 42.959
Single Platform Investm 4.020 7/1/2052 EUR 53.898
Russian Foreign Bond - 5.625 4/4/2042 USD 67.663
Natixis SA 3.630 6/14/2039 AUD 66.938
Kleopatra Holdings 2 SC 6.500 9/1/2026 EUR 64.417
Raiffeisenlandesbank Ob 1.650 8/23/2046 EUR 68.638
Agrokor dd 9.875 5/1/2019 EUR 15.000
Flamingo Lux II SCA 5.000 3/31/2029 EUR 64.642
Soc Nationale SNCF SACA 2.457 12/23/2050 USD 60.845
SCC Power PLC 6.000 12/31/2028 USD 50.878
Republic of Ireland Int 1.560 2/16/2122 EUR 52.550
Kuntarahoitus Oyj 1.449 3/1/2061 EUR 66.224
Garfunkelux Holdco 3 SA 7.750 11/1/2025 GBP 74.558
Assa Abloy AB 0.650 8/28/2034 EUR 70.519
Yorkshire Water Service 1.462 8/1/2051 GBP 71.451
Muenchener Hypothekenba 0.568 6/15/2032 EUR 73.502
Realkredit Danmark A/S 0.500 10/1/2043 DKK 74.924
Region Wallonne Belgium 0.500 6/22/2037 EUR 64.956
KTG Agrar SE 7.125 6/6/2017 EUR 2.001
Achmea Bank NV 0.250 9/29/2036 EUR 66.519
ING Bank NV 0.182 4/21/2033 EUR 74.035
Commune de Marseille 1.712 12/6/2039 EUR 74.878
Thames Water Utilities 2.620 3/22/2033 GBP 69.342
Land Thueringen 0.100 7/9/2035 EUR 68.742
Kommunekredit 0.625 11/21/2039 EUR 65.853
Region Hauts-de-France 0.691 7/9/2042 EUR 58.038
DLR Kredit A/S 1.000 10/1/2050 DKK 68.634
Region Centre 0.711 11/2/2036 EUR 67.237
Interpipe Holdings PLC 8.375 5/13/2026 USD 63.888
Kernel Holding SA 6.500 10/17/2024 USD 69.644
Development Bank of the 6.750 5/2/2024 USD 41.325
Landesbank Baden-Wuertt 13.100 11/24/2023 EUR 67.340
Dexia SA 5.495 EUR 2.805
Ministeries Van de Vlaa 1.000 1/23/2051 EUR 53.271
Affinity Water Finance 3.278 8/22/2042 GBP 66.298
Bayerische Landesbodenk 0.250 3/21/2036 EUR 68.638
Abengoa Abenewco 1 SA 6.000 6/10/2022 EUR 0.454
Ile-de-France Mobilites 0.675 11/24/2036 EUR 68.911
Futureal Development Ho 4.000 3/23/2031 HUF 69.000
Jyske Realkredit A/S 1.000 10/1/2053 DKK 59.627
Realkredit Danmark A/S 0.500 10/1/2053 DKK 62.043
Metropolitano de Teneri 1.229 7/30/2036 EUR 69.876
Euronext NV 1.500 5/17/2041 EUR 67.854
Romanian Government Int 2.750 4/14/2041 EUR 60.834
Soc Nationale SNCF SACA 1.280 3/27/2120 EUR 33.321
Free and Hanseatic City 0.400 11/23/2051 EUR 45.691
National Grid Electrici 1.676 9/24/2052 GBP 74.045
National Grid Electrici 1.151 2/20/2040 EUR 61.413
Junta de Castilla y Leo 1.275 4/7/2049 EUR 53.717
Slovenska Sporitelna AS 4.820 EUR 64.590
Romanian Government Int 2.875 4/13/2042 EUR 61.008
Vasakronan AB 1.870 6/3/2039 EUR 45.693
Iberdrola Finanzas SA 1.000 2/2/2037 EUR 69.243
International Finance F 0.500 6/29/2027 ZAR 70.374
La Banque Postale Home 0.250 2/12/2035 EUR 69.606
Abengoa Abenewco 2 Bis 1.500 4/26/2024 USD 1.046
United Utilities Water 1.435 11/21/2056 GBP 70.893
Russian Foreign Bond - 7.500 3/31/2030 USD 66.029
State of Brandenburg 0.125 1/26/2046 EUR 48.621
Credit Agricole Italia 1.000 1/17/2045 EUR 57.180
Jyske Realkredit A/S 0.500 10/1/2050 DKK 64.229
Cirio Holding Luxembour 6.250 2/16/2004 EUR 2.231
Nationwide Building Soc 0.485 7/11/2044 CHF 73.135
Chelyabinsk Pipe Plant 4.500 9/19/2024 USD 58.616
Romanian Government Int 2.625 12/2/2040 EUR 60.858
Realkredit Danmark A/S 1.500 10/1/2050 DKK 72.784
Royal Schiphol Group NV 2.890 10/25/2034 AUD 69.921
Canton of Neuchatel 0.350 7/14/2050 CHF 69.999
British Telecommunicati 1.739 6/25/2039 GBP 68.031
Land Berlin 0.625 8/25/2036 EUR 71.502
Gazprom PJSC via Gaz Fi 1.500 2/17/2027 EUR 64.051
Hampshire Trust Bank PL 7.250 5/10/2028 GBP 70.378
Romanian Government Int 4.000 2/14/2051 USD 67.305
Kingdom of Belgium Gove 0.459 7/23/2079 EUR 28.167
NRW Bank 1.250 5/13/2049 EUR 64.665
Realkredit Danmark A/S 0.500 10/1/2050 DKK 64.228
Stadt Graz 1.878 10/31/2046 EUR 71.552
Kelag-Kaerntner Elektri 1.150 4/16/2041 EUR 62.943
Gazprom PJSC via Gaz Fi 3.500 7/14/2031 USD 60.228
Single Platform Investm 2.085 1/24/2044 NOK 57.256
Banco Santander SA 5.886 EUR 1.562
DLR Kredit A/S 0.500 10/1/2053 DKK 66.945
FLUVIUS System Operator 3.000 10/27/2044 EUR 72.101
CBo Territoria 7.000 6/30/2028 EUR 4.260
Deutsche Lichtmiete Fin 5.750 1/1/2023 EUR 4.250
United Kingdom Gilt 1.125 10/22/2073 GBP 36.149
Ideal Standard Internat 6.375 7/30/2026 EUR 63.191
Credit Suisse AG/London 11.500 9/25/2023 CHF 17.940
Credit Agricole SA 3.750 6/9/2040 AUD 65.226
BPCE SA 0.500 10/21/2034 EUR 67.478
UniCredit Bank AG 6.600 7/20/2028 EUR 1.700
Single Platform Investm 0.700 9/20/2041 EUR 56.261
Malta Government Bond 1.500 10/22/2045 EUR 62.051
Aareal Bank AG 1.576 2/23/2032 EUR 70.213
Fastighets AB Balder 1.293 3/3/2031 EUR 58.671
NRW Bank 1.182 8/7/2050 EUR 58.779
Ziggo Bond Co BV 3.375 2/28/2030 EUR 74.513
Cooperatieve Rabobank U 0.500 11/30/2027 MXN 64.555
Caisse de Refinancement 0.250 2/7/2035 EUR 69.883
La Financiere Atalian S 5.125 5/15/2025 EUR 68.350
National Grid Electrici 1.690 9/16/2041 GBP 52.365
UBS Group AG 1.269 10/27/2033 JPY 74.897
Department of Loiret Fr 0.478 10/30/2040 EUR 58.423
Region Wallonne Belgium 1.250 6/22/2071 EUR 46.746
State of Lower Saxony 0.050 3/9/2035 EUR 69.292
Erotik-Abwicklungsgesel 7.750 7/9/2019 EUR 0.779
Land Baden-Wuerttemberg 0.375 7/20/2048 EUR 47.717
Maxeda DIY Holding BV 5.875 10/1/2026 EUR 73.699
Alfa Bank AO Via Alfa B 5.950 4/15/2030 USD 1.359
La Financiere Atalian S 4.000 5/15/2024 EUR 72.135
Municipality of Utrecht 0.950 3/2/2037 EUR 73.704
SCF Capital Designated 3.850 4/26/2028 USD 65.808
Muenchener Hypothekenba 0.250 5/2/2036 EUR 67.765
City of Amsterdam Nethe 1.515 2/26/2044 EUR 71.517
Raiffeisenlandesbank Ni 0.375 1/15/2035 EUR 70.129
Cooperatieve Rabobank U 0.500 8/21/2028 MXN 60.102
State of Bremen 0.150 9/14/2040 EUR 57.672
Banque Cantonale de Fri 0.100 11/1/2044 CHF 67.786
Pfandbriefzentrale der 0.050 10/6/2043 CHF 71.279
Logicor Financing Sarl 2.875 12/6/2029 GBP 74.566
Anglian Water Services 1.760 11/13/2035 GBP 63.245
Kuntarahoitus Oyj 0.940 6/9/2064 EUR 58.167
Assistance Publique Hop 1.125 4/16/2047 EUR 57.508
Charm Finance PLC 3.509 4/12/2048 GBP 68.728
Serbia International Bo 1.650 3/3/2033 EUR 67.413
Spain Government Bond 1.450 10/31/2071 EUR 45.453
Societe Du Grand Paris 2.062 3/19/2070 EUR 59.606
DZ Bank AG Deutsche Zen 0.510 1/25/2036 EUR 61.730
Canton of Neuchatel 0.100 10/29/2049 CHF 65.400
Gazprom PJSC Via Gaz Ca 4.950 3/23/2027 USD 74.504
Land Berlin 0.625 7/15/2039 EUR 66.060
Global Ports Finance PL 6.500 9/22/2023 USD 44.602
MBH Mortgage Bank Co PL 2.600 10/22/2028 HUF 72.700
Deutsche Bahn Finance G 1.850 11/23/2043 EUR 65.691
Jyske Realkredit A/S 0.500 10/1/2053 DKK 65.377
Investitionsbank Berlin 0.050 3/2/2035 EUR 69.053
Republic of Ireland Int 0.835 7/8/2080 EUR 39.631
Hamon & CIE SA 3.300 1/31/2035 EUR 46.307
Severn Trent Utilities 1.501 8/1/2058 GBP 71.908
State of Mecklenburg-We 0.239 11/17/2070 EUR 23.782
BNP Paribas SA 0.990 5/6/2024 USD 15.180
Ukraine Government Bond 19.750 2/18/2026 UAH 73.450
Ukraine Government Bond 14.000 6/26/2024 UAH 72.276
Jyske Realkredit A/S 0.500 10/1/2050 DKK 67.499
DXC Capital Funding DAC 0.950 9/15/2031 EUR 71.761
United Utilities Water 1.587 8/16/2056 GBP 73.618
Free State of Saxony 0.400 5/12/2036 EUR 69.975
Kreditanstalt fuer Wied 0.788 11/4/2039 EUR 68.198
Ukraine Government Inte 9.790 5/26/2027 UAH 53.822
Midland Heart Capital P 1.831 8/12/2050 GBP 48.422
HSBC Continental Europe 1.140 8/26/2049 EUR 51.636
Sairgroup Finance BV 4.375 6/8/2006 EUR 0.250
T-Centrum CZ AS 11.710 10/30/2024 CZK 46.300
Basque Government 1.750 4/22/2050 EUR 60.000
Futures Treasury PLC 3.375 2/8/2044 GBP 72.160
United Utilities Water 1.750 2/10/2038 GBP 60.028
Codere Finance 2 Luxemb 12.750 11/30/2027 EUR 25.000
Vier Gas Transport GmbH 0.500 9/10/2034 EUR 67.914
Region Wallonne Belgium 1.600 3/29/2039 EUR 71.736
SpareBank 1 SR-Bank ASA 2.800 9/19/2044 EUR 72.267
Cie de Financement Fonc 0.975 8/11/2046 EUR 61.840
Region de Bruxelles-Cap 1.220 6/23/2053 EUR 53.646
Commune de Marseille 1.079 11/19/2046 EUR 57.157
BNP Paribas SA 1.590 2/23/2051 EUR 61.220
Deutsche Bank Luxembour 1.560 10/6/2028 EUR 69.553
Autonomous Community of 2.738 10/31/2049 EUR 74.632
Yarlington Treasury Ser 3.410 9/18/2057 GBP 63.679
VIA A11 NV 4.490 9/30/2045 EUR 71.975
United Utilities Water 0.379 12/9/2036 GBP 73.421
Abengoa Abenewco 2 Bis 1.500 4/26/2024 USD 1.046
St Galler Kantonalbank 0.100 10/10/2041 CHF 72.215
La Banque Postale Home 0.640 1/27/2042 EUR 61.554
DLR Kredit A/S 1.000 10/1/2050 DKK 73.123
Sibur Securities DAC 2.950 7/8/2025 USD 65.418
Prosus NV 2.778 1/19/2034 EUR 72.335
Region Bourgogne-Franch 0.270 12/7/2035 EUR 64.336
Eolo SpA 4.875 10/21/2028 EUR 72.278
Barclays Bank PLC 5.000 11/1/2029 BRL 72.039
Cirio Finance Luxembour 7.500 11/3/2002 EUR 3.056
Telia Co AB 3.000 9/25/2064 EUR 67.211
United Utilities Water 0.387 10/5/2057 GBP 46.058
Romanian Government Int 2.000 1/28/2032 EUR 73.178
State of Brandenburg 0.500 11/21/2039 EUR 63.961
Pershing Square Holding 3.000 7/15/2032 USD 69.689
Evan Group PLC 6.000 7/31/2022 EUR 4.510
Bank of Valletta PLC 3.750 6/15/2031 EUR 71.812
Norwegian Air Shuttle A 7.830 NOK 74.000
Uliving@essex3 LLP 2.720 8/31/2066 GBP 47.551
Heta Asset Resolution A 3.786 12/31/2023 EUR 1.168
Agatos SpA 4.750 12/31/2026 EUR 68.000
EVN AG 0.850 10/15/2035 EUR 68.770
Aroundtown SA 3.250 11/12/2032 EUR 57.231
Niedersachsen Invest Gm 0.250 7/16/2035 EUR 70.507
Caisse des Depots et Co 2.766 8/9/2049 USD 65.021
Communaute Francaise de 1.397 7/18/2059 EUR 50.872
Cirio Del Monte NV 7.750 3/14/2005 EUR 2.261
Norwegian Air Shuttle A 7.500 11/10/2023 USD 73.375
OGX Austria GmbH 8.500 6/1/2018 USD 0.019
Land Berlin 0.625 1/26/2052 EUR 49.880
Phosagro OAO Via Phosag 2.600 9/16/2028 USD 64.421
Soc Nationale SNCF SACA 3.190 4/19/2041 AUD 71.895
Land Thueringen 0.375 12/1/2051 EUR 45.248
Malta Government Bond 2.400 8/13/2052 EUR 68.907
Single Platform Investm 1.850 11/5/2040 EUR 71.762
Single Platform Investm 0.915 2/15/2043 EUR 57.809
DZ Bank AG Deutsche Zen 1.840 12/21/2048 EUR 68.860
Quintet Private Bank Eu 3.650 11/13/2023 EUR 3.080
State of Brandenburg 0.375 1/29/2035 EUR 72.583
State of Bremen 0.550 2/4/2050 EUR 49.802
Comunidad Foral de Nava 2.100 4/30/2044 EUR 68.988
Deutsche Pfandbriefbank 3.100 9/7/2046 USD 64.664
ASH8 Debt Co UK 1 PLC 3.651 12/31/2055 GBP 70.558
Spain Government Bond 1.900 10/31/2052 EUR 63.080
Regiao Autonoma Madeira 1.141 12/4/2034 EUR 71.955
State of Brandenburg 0.300 10/4/2049 EUR 46.623
Single Platform Investm 1.610 2/15/2043 EUR 66.884
State of Saarland 0.050 11/5/2040 EUR 56.828
HYPO NOE Landesbank fue 1.605 8/23/2046 EUR 71.624
Aareal Bank AG 0.870 6/28/2029 EUR 74.545
Wessex Water Services F 1.250 1/12/2036 GBP 57.106
Citigroup Global Market 12.379 11/13/2023 SEK 72.340
Ukraine Government Inte 12.520 5/13/2026 UAH 58.821
Republic of Poland Gove 1.750 4/25/2032 PLN 73.717
BCP V Modular Services 6.750 11/30/2029 EUR 73.826
Ukraine Government Bond 19.250 8/7/2024 UAH 72.762
Yorkshire Water Service 1.758 2/1/2054 GBP 74.444
Bazalgette Finance Plc 0.010 8/5/2036 GBP 70.691
Jain International Trad 7.125 2/1/2022 USD 22.000
Del Monte Finance Luxem 6.625 5/24/2006 EUR 1.000
Ukraine Government Inte 9.990 5/22/2024 UAH 68.277
Norske Skog Holding AS 8.000 2/24/2021 EUR 0.006
HSBC Bank PLC 0.500 6/23/2027 MXN 66.635
ABN AMRO Bank NV 0.450 12/12/2036 EUR 68.205
Severn Trent Utilities 1.457 8/1/2058 GBP 71.083
Cirio Finanziaria SpA 8.000 12/21/2005 EUR 0.478
Finmek International SA 7.000 12/3/2004 EUR 2.193
Communaute Francaise de 1.120 7/19/2038 EUR 66.390
NRW Bank 0.650 7/20/2037 EUR 68.775
State of Saarland 0.500 3/15/2051 EUR 48.390
Autonomous Region of th 1.095 9/27/2036 EUR 67.785
Metinvest BV 5.625 6/17/2025 EUR 69.563
JAB Holdings BV 4.500 4/8/2052 USD 74.133
Bayerische Landesbank 0.770 2/27/2032 EUR 74.368
Cie de Saint-Gobain SA 1.875 5/3/2035 EUR 74.440
United Utilities Water 0.010 9/30/2036 GBP 71.805
Nordea Kredit Realkredi 0.500 10/1/2050 DKK 64.447
Yorkshire Water Service 1.709 2/1/2058 GBP 74.643
Eurogrid GmbH 0.875 11/20/2040 EUR 60.965
Alpine Holding GmbH 5.250 6/10/2016 EUR 0.372
State of Lower Saxony 0.250 4/15/2036 EUR 68.561
Autonomous Community of 1.850 5/13/2061 EUR 52.835
Single Platform Investm 1.425 5/25/2052 EUR 57.821
Caisse des Depots et Co 0.398 12/15/2050 EUR 41.687
Region de Bruxelles-Cap 0.765 7/15/2052 EUR 44.555
Republic of Austria Gov 2.100 9/20/2117 EUR 68.672
State of Hesse 0.227 8/20/2049 EUR 48.169
Russian Agricultural Ba 8.500 10/16/2023 USD 26.135
Thames Water Utilities 1.846 8/28/2047 GBP 69.853
National Grid Electrici 1.608 8/24/2040 GBP 49.757
Morhomes PLC 2.508 2/19/2051 GBP 52.096
La Financiere Atalian S 6.625 5/15/2025 GBP 67.843
DLR Kredit A/S 1.000 10/1/2053 DKK 67.753
DAH Holding GmbH 7.250 9/28/2018 EUR 0.718
UBS AG/London 1.600 4/18/2049 EUR 61.156
United Utilities Water 1.556 10/25/2056 GBP 72.598
Region de Bruxelles-Cap 1.400 3/11/2054 EUR 51.782
Boparan Finance PLC 7.625 11/30/2025 GBP 67.066
Deutsche Telekom AG 3.500 4/15/2041 AUD 70.633
GN Store Nord AS 3.200 11/26/2036 GBP 70.416
Region de Bruxelles-Cap 1.813 1/22/2048 EUR 67.172
Single Platform Investm 1.340 5/10/2044 EUR 56.798
Malta Government Bond 1.400 8/20/2046 EUR 59.593
State Agency of Roads o 6.250 6/24/2030 USD 27.313
Kingdom of Belgium Gove 1.170 5/12/2121 EUR 38.443
Realkredit Danmark A/S 0.500 10/1/2053 DKK 65.334
Aareal Bank AG 2.658 5/13/2033 EUR 73.987
ABN AMRO Bank NV 0.500 12/12/2039 EUR 63.077
Severn Trent Utilities 1.589 2/1/2067 GBP 74.809
State of Lower Austria 0.550 11/13/2080 EUR 28.523
State Savings Bank of U 12.700 1/19/2024 USD 34.250
Ahtium PLC 9.750 4/4/2017 EUR 0.726
Peine GmbH 2.000 7/5/2023 EUR 44.500
Berlin Hyp AG 0.030 7/22/2030 EUR 74.298
Single Platform Investm 1.370 7/25/2053 EUR 57.048
Credit Agricole SA 6.750 9/29/2042 AUD 74.074
Region Auvergne-Rhone-A 0.892 10/21/2041 EUR 60.379
Land Thueringen 0.250 3/5/2040 EUR 60.018
DNB Bank ASA 1.185 1/14/2038 EUR 67.879
Republic of Austria Gov 0.100 7/10/2040 EUR 58.776
Banque Federative du Cr 0.376 10/15/2031 EUR 70.904
Goldman Sachs Internati 16.288 3/17/2027 USD 51.630
Citigroup Global Market 8.200 3/21/2024 SEK 60.320
Region of Ile de France 0.610 7/2/2040 EUR 60.891
Deutsche Bahn Finance G 3.100 5/20/2041 AUD 69.145
Banque Federative du Cr 1.590 2/5/2031 USD 72.983
Single Platform Investm 1.460 5/25/2052 EUR 58.692
Richter Gedeon Nyrt 1.750 6/4/2031 HUF 72.500
Department of L'Eure Fr 0.643 8/31/2041 EUR 56.321
State of Brandenburg 0.050 8/10/2040 EUR 56.822
Orpea SA 3.144 12/22/2025 EUR 28.234
National Grid Electrici 1.584 7/28/2056 GBP 70.631
State of Rhineland-Pala 1.500 4/25/2052 EUR 65.558
Joh Friedrich Behrens A 7.750 11/11/2020 EUR 8.112
Republic of Belarus Int 6.378 2/24/2031 USD 40.632
BNG Bank NV 0.630 7/11/2067 EUR 37.510
DNB Boligkreditt AS 0.980 6/20/2044 EUR 63.465
Alliander NV 1.125 4/8/2035 EUR 70.293
Barclays Bank PLC 0.779 11/15/2024 USD 10.000
Agence Francaise de Dev 2.302 10/25/2044 USD 62.910
Nederlandse Waterschaps 0.436 10/22/2040 EUR 60.691
HSE Finance Sarl 5.625 10/15/2026 EUR 53.909
Single Platform Investm 1.270 5/15/2035 EUR 68.880
Kreditanstalt fuer Wied 0.980 2/9/2042 EUR 67.753
Saechsische Aufbaubank- 0.300 2/18/2042 EUR 54.378
Autonomous Community of 1.655 10/31/2050 EUR 57.771
Ukraine Government Bond 4.000 1/25/2024 USD 72.671
State of North Rhine-We 1.467 6/12/2045 EUR 69.948
Ukraine Government Inte 9.790 5/26/2027 UAH 53.822
Agrokor dd 9.125 2/1/2020 EUR 15.000
Aareal Bank AG 0.570 8/7/2029 EUR 72.760
Severn Trent Utilities 1.566 2/1/2058 GBP 71.714
Veneto Banca SpA 6.411 EUR 0.345
COFIDUR SA 0.100 12/31/2024 EUR 30.700
Aareal Bank AG 2.020 11/20/2034 EUR 65.723
Anglian Water Services 0.850 12/23/2040 JPY 72.600
Land Berlin 0.350 9/9/2050 EUR 46.313
Land Thueringen 0.375 11/14/2034 EUR 72.632
Ile-de-France Mobilites 1.586 2/23/2052 EUR 61.736
Hemso Fastighets AB 3.050 1/18/2038 SEK 73.724
Grand Delta Habitat 1.820 3/18/2050 EUR 60.802
NRW Bank 1.400 3/19/2070 EUR 55.217
Ukraine Government Inte 14.000 6/26/2024 UAH 72.276
DZ Bank AG Deutsche Zen 14.100 6/28/2024 EUR 71.050
Landesbank Baden-Wuertt 0.280 9/1/2031 EUR 72.050
Bulgaria Steel Finance 12.000 5/4/2013 EUR 0.216
CNH Industrial Finance 2.200 7/15/2039 EUR 71.277
Siemens Financieringsma 3.300 9/15/2046 USD 72.758
State of Bremen 0.936 9/28/2046 EUR 62.358
Depfa Funding II LP 6.500 EUR 60.136
Credit Bank of Moscow V 7.625 USD 26.434
Raiffeisen Landesbank V 0.250 3/4/2036 EUR 66.846
CPI Hungary Investments 2.250 8/7/2030 HUF 59.000
VTB Bank PJSC Via VTB E 9.500 USD 17.644
Deutsche Wohnen SE 1.700 12/5/2036 EUR 62.070
Yorkshire Water Service 1.460 8/1/2056 GBP 69.968
A-TEC Industries AG 2.750 5/10/2014 EUR 0.100
Basque Government 1.000 10/31/2050 EUR 47.823
Norwegian Air Shuttle A 7.500 11/10/2023 USD 73.375
International Bank of A 8.250 10/9/2024 USD 60.375
Wirtschafts- und Infras 0.500 8/28/2046 EUR 50.973
Bpifrance 1.046 5/25/2050 EUR 50.097
Cooperatieve Rabobank U 1.460 6/1/2040 EUR 73.420
Single Platform Investm 0.950 7/25/2047 EUR 47.043
Republic of Ireland Int 0.995 2/24/2121 EUR 35.389
Region de Bruxelles-Cap 0.592 12/10/2061 EUR 32.700
Stonewater Funding PLC 3.375 11/2/2045 GBP 71.720
Single Platform Investm 1.600 2/15/2041 EUR 68.902
Novolipetsk Steel Via S 1.450 6/2/2026 EUR 69.463
Single Platform Investm 1.250 8/15/2051 EUR 56.535
Norske Skog Holding AS 8.000 2/24/2021 EUR 0.006
Nederlandse Waterschaps 1.900 1/31/2035 AUD 69.879
Free and Hanseatic City 0.010 11/5/2035 EUR 67.305
Ministeries Van de Vlaa 1.875 6/2/2042 EUR 74.777
Bibby Offshore Services 7.500 6/15/2021 GBP 11.625
Region de Bruxelles-Cap 0.808 1/31/2050 EUR 46.146
getgoods.de AG 7.750 10/2/2017 EUR 0.527
Region de Bruxelles-Cap 0.944 6/22/2057 EUR 40.069
Cooperatieve Rabobank U 0.500 12/29/2027 MXN 63.834
TBI Bank EAD 5.250 7/30/2031 EUR 50.901
Cooperatieve Rabobank U 1.850 3/29/2049 EUR 58.993
Department of L'Eure Fr 1.110 6/18/2039 EUR 68.688
Kreditanstalt fuer Wied 1.000 10/20/2050 EUR 59.236
Credit Bank of Moscow V 8.875 USD 13.056
Kuntarahoitus Oyj 0.448 3/19/2040 EUR 61.158
Concessio Estacions Aer 3.520 12/31/2037 EUR 68.932
Grupo Antolin-Irausa SA 3.500 4/30/2028 EUR 74.000
Ukraine Government Inte 14.000 6/26/2024 UAH 72.276
GB Social Housing PLC 3.814 4/9/2047 GBP 66.269
Region de Bruxelles-Cap 0.283 10/24/2033 EUR 69.122
DLR Kredit A/S 1.000 10/1/2053 DKK 72.604
BPCE SFH SA 0.500 1/23/2035 EUR 71.792
Single Platform Investm 1.800 7/25/2053 EUR 64.827
Deutsche Bank AG 1.725 1/16/2045 EUR 41.013
Kuntarahoitus Oyj 1.150 4/1/2051 EUR 64.748
GTC Magyarorszag Zrt 2.600 3/17/2031 HUF 73.420
Rena GmbH 8.250 7/11/2018 EUR 0.054
Hemso Fastighets AB 2.975 10/25/2038 SEK 72.175
Landesbank Baden-Wuertt 0.900 5/28/2035 EUR 68.077
Department of Gironde F 0.765 4/29/2036 EUR 67.287
Region Wallonne Belgium 1.805 1/24/2040 EUR 71.871
VTB Bank OJSC Via VTB C 6.250 6/30/2035 USD 23.633
DekaBank Deutsche Giroz 0.400 1/29/2035 EUR 72.448
Region Wallonne Belgium 1.305 9/29/2041 EUR 63.469
NatWest Markets PLC 1.250 12/4/2034 EUR 69.215
ALROSA Finance SA 4.650 4/9/2024 USD 10.162
Kommuninvest I Sverige 2.000 10/21/2040 SEK 73.739
Kardan NV 6.325 2/21/2021 ILS 10.000
Ministeries Van de Vlaa 0.634 11/19/2060 EUR 35.751
Barclays Bank PLC 0.745 10/31/2024 USD 9.857
Comunidad Foral de Nava 0.550 10/22/2035 EUR 67.698
Steilmann SE 6.750 6/27/2017 EUR 2.184
Basler Kantonalbank 16.000 6/14/2024 CHF 66.010
Danske Bank A/S 0.910 10/17/2039 JPY 70.899
Credit Agricole SA 4.400 2/24/2042 AUD 60.256
Mercedes-Benz Manufactu 1.500 3/16/2027 HUF 75.000
Societe Generale SA 3.310 11/29/2033 AUD 70.278
Deutsche Bank AG 2.330 2/11/2043 EUR 69.488
Autonomous Community of 1.515 6/21/2051 EUR 54.033
OP Corporate Bank plc 1.400 3/16/2035 EUR 71.125
Batigere Grand Est SAHL 1.600 11/14/2044 EUR 61.157
MFB Magyar Fejlesztesi 2.900 10/22/2031 HUF 70.428
Thomas Cook Finance 2 P 3.875 7/15/2023 EUR 0.659
National Grid Electrici 1.541 12/1/2056 GBP 70.815
Air Berlin Finance BV 8.500 3/6/2019 EUR 0.278
Spain Government Bond 1.200 10/31/2040 EUR 66.007
Malta Government Bond 2.000 7/10/2051 EUR 63.197
United Kingdom Gilt 1.250 7/31/2051 GBP 47.638
UBS AG/London 17.500 3/15/2024 CHF 45.400
Vasakronan AB 2.130 5/27/2041 SEK 64.049
Deutsche Pfandbriefbank 1.000 12/2/2030 EUR 73.374
Kingdom of Belgium Gove 0.675 7/7/2080 EUR 33.283
Landesbank Hessen-Thuer 4.375 3/30/2042 USD 63.453
Societe Generale SA 8.510 6/6/2024 USD 72.500
Assistance Publique Hop 0.634 8/27/2045 EUR 52.381
BNG Bank NV 10.010 6/17/2025 TRY 66.784
JAB Holdings BV 2.000 12/19/2039 EUR 70.167
Commerzbank AG 0.850 8/15/2029 EUR 74.972
Cie Generale de Navigat 0.350 12/29/2056 CHF 66.607
German Pellets GmbH 7.250 11/27/2019 EUR 0.815
Department of Val d'Ois 0.735 7/3/2040 EUR 62.230
DZ Bank AG Deutsche Zen 1.010 12/30/2030 EUR 74.470
Deutsche Telekom AG 4.125 7/23/2049 USD 72.113
A-TEC Industries AG 5.750 11/2/2010 EUR 0.100
Wirtschafts- und Infras 0.101 9/8/2033 EUR 72.979
Cooperatieve Rabobank U 2.090 12/27/2047 EUR 63.803
Caisse des Depots et Co 1.787 1/30/2048 EUR 66.329
Ville de Paris 0.831 2/23/2056 EUR 42.048
Kingdom of Belgium Gove 0.650 6/22/2071 EUR 38.520
United Utilities Water 0.359 10/5/2048 GBP 52.397
Caisse des Depots et Co 1.015 7/22/2050 EUR 51.991
Societe Generale SA 1.113 7/17/2031 EUR 74.736
Prosus NV 2.031 8/3/2032 EUR 70.776
Single Platform Investm 0.745 2/15/2047 EUR 44.033
Meta Wolf AG 6.750 3/10/2005 DEM 0.110
Credit Bank of Moscow V 4.700 1/29/2025 USD 26.156
Corporate Commercial Ba 8.250 8/8/2014 USD 0.308
Nordea Kredit Realkredi 0.500 10/1/2053 DKK 62.064
Praktiker AG 5.875 2/10/2016 EUR 0.001
Republic of Ireland Int 0.740 9/22/2078 EUR 37.868
Finance and Credit Bank 9.250 1/25/2019 USD 0.001
Malta Government Bond 1.800 8/28/2051 EUR 60.136
Banco Santander SA 1.840 7/20/2033 EUR 72.771
Credit Bank of Moscow V 3.875 9/21/2026 USD 34.566
Free and Hanseatic City 0.300 9/16/2050 EUR 45.328
Lloyds Bank PLC 2.580 3/28/2039 SEK 70.031
Region Wallonne Belgium 1.150 9/2/2120 EUR 32.779
Societe Du Grand Paris 2.100 2/14/2069 EUR 59.287
Credit Agricole SA 3.000 1/28/2041 AUD 49.289
Single Platform Investm 1.442 7/25/2053 EUR 58.669
Norwegian Air Shuttle A 6.860 NOK 74.000
Banque Internationale a 0.510 2/10/2031 EUR 71.931
Jyske Realkredit A/S 1.000 10/1/2056 DKK 66.740
Societe Generale SA 18.800 8/31/2023 USD 18.500
MBH Mortgage Bank Co PL 3.000 1/28/2036 HUF 54.650
NRW Bank 0.210 8/31/2033 EUR 74.230
Norske Skogindustrier A 7.125 10/15/2033 USD 0.010
Turkey Government Inter 5.750 5/11/2047 USD 70.585
Region Wallonne Belgium 0.050 10/26/2032 EUR 70.953
Single Platform Investm 0.559 2/15/2047 EUR 49.072
Batigere Grand Est SAHL 1.485 10/25/2039 EUR 66.290
DLR Kredit A/S 0.500 10/1/2050 DKK 68.962
Landesbank Hessen-Thuer 0.650 10/18/2034 EUR 66.542
Single Platform Investm 1.870 11/21/2044 EUR 58.872
Nordea Bank Abp 7.500 7/20/2027 SEK 74.875
Solon SE 1.375 12/6/2012 EUR 0.745
Societe Generale SA 1.137 1/26/2037 EUR 68.616
KTG Agrar SE 7.250 10/15/2019 EUR 2.001
Grand City Properties S 2.500 6/27/2039 EUR 57.852
LFA Foerderbank Bayern 0.125 9/30/2038 EUR 61.363
Banco Santander SA 1.000 10/1/2033 EUR 73.695
Agence France Locale 2.550 3/20/2036 AUD 72.481
Ville de Paris 0.750 11/30/2041 EUR 60.595
SCC Power PLC 6.000 12/31/2028 USD 50.878
City of Zurich Switzerl 0.250 11/24/2051 CHF 69.632
UniCredit SpA 0.725 11/27/2030 EUR 68.785
Autonomous Community of 1.744 7/1/2061 EUR 50.061
DZ Bank AG Deutsche Zen 1.980 12/29/2031 EUR 73.000
National Grid Electrici 3.350 6/10/2036 AUD 74.259
Credito Padano Banca di 3.100 EUR 36.366
VTB Bank OJSC Via VTB C 6.250 6/30/2035 USD 23.633
Ministeries Van de Vlaa 1.095 6/3/2055 EUR 47.520
Municipality of Eindhov 1.826 5/30/2047 EUR 73.726
Bayerische Landesbodenk 0.030 10/22/2035 EUR 67.214
Golfino AG 8.000 11/18/2023 EUR 0.200
Municipality of Arnhem 0.460 9/20/2049 EUR 49.030
Caisse Francaise de Fin 1.640 7/10/2048 EUR 68.144
Severn Trent Utilities 1.399 2/9/2057 GBP 69.260
Region Auvergne-Rhone-A 1.090 4/8/2037 EUR 70.957
SNCF Reseau 1.425 8/14/2119 EUR 36.852
Severn Trent Utilities 1.399 2/9/2057 GBP 68.598
Ile-de-France Mobilites 0.200 11/16/2035 EUR 66.803
Hamburg Commercial Bank 2.597 2/1/2036 EUR 60.080
Portugal Telecom Intern 6.250 7/26/2016 EUR 0.285
Assistance Publique Hop 1.099 4/6/2071 EUR 38.640
Italy Buoni Poliennali 0.950 3/1/2037 EUR 65.735
BOA Offshore AS 0.409 7/17/2047 NOK 4.213
Wingholding Zrt 3.000 9/22/2031 HUF 64.000
Single Platform Investm 1.240 5/25/2052 EUR 57.571
Single Platform Investm 1.640 2/15/2047 EUR 64.088
Region de Bruxelles-Cap 1.040 5/3/2061 EUR 39.844
Bayerische Landesbank 3.180 2/16/2038 EUR 64.083
Republic of Belarus Int 6.200 2/28/2030 USD 40.556
SG Issuer SA 8.410 1/20/2027 SEK 62.850
GTC Magyarorszag Zrt 2.250 12/7/2030 HUF 72.210
Department of Val d'Ois 0.390 11/18/2041 EUR 55.254
Societe Generale SA 2.200 12/17/2040 USD 62.955
Kreditanstalt fuer Wied 0.699 10/20/2036 EUR 72.982
Jyske Realkredit A/S 0.500 10/1/2043 DKK 74.937
Deutsche Bank Luxembour 2.386 4/27/2029 EUR 69.726
Department of Val d'Ois 0.929 5/19/2041 EUR 63.061
NRW Bank 0.185 8/17/2033 EUR 74.295
Barclays Bank PLC 2.300 8/31/2036 USD 63.578
J&T Banka AS 7.000 EUR 70.693
Kommunekredit 0.342 9/1/2042 EUR 57.083
Natixis SA 3.600 11/16/2041 AUD 64.367
Sequa Petroleum NV 5.000 4/29/2020 USD 30.250
Proximus SADP 1.500 5/14/2040 EUR 67.796
Elia Transmission Belgi 1.560 1/30/2044 EUR 72.445
Land Berlin 0.125 6/4/2035 EUR 69.368
Deutsche Pfandbriefbank 0.765 9/12/2036 EUR 54.765
Erdoel-Lagergesellschaf 1.281 9/30/2036 EUR 72.456
Deutsche Bank AG 1.750 10/30/2028 USD 74.700
Communaute Francaise de 1.725 4/23/2049 EUR 66.983
Intesa Sanpaolo SpA 4.700 9/23/2049 USD 66.107
Ukraine Government Bond 19.590 12/4/2024 UAH 70.929
Erste Group Bank AG 1.540 3/18/2034 EUR 71.062
Kommuninvest I Sverige 2.000 10/21/2039 SEK 74.206
Centre Hospitalier de M 1.580 2/11/2061 EUR 69.622
Single Platform Investm 1.450 9/14/2040 EUR 67.771
Societe Generale SA 0.690 4/21/2033 EUR 71.374
Parnassia Groep BV 1.470 12/3/2046 EUR 60.749
Parnassia Groep BV 1.260 12/3/2046 EUR 73.511
Region Occitanie 0.728 11/16/2037 EUR 65.515
DZ Bank AG Deutsche Zen 0.950 12/30/2030 EUR 74.450
Vontobel Financial Prod 9.200 6/28/2024 EUR 72.360
Kreditanstalt fuer Wied 0.980 6/28/2051 EUR 58.574
UBS AG/London 7.100 11/22/2023 USD 9.900
Ville de Paris 0.850 8/4/2051 EUR 48.161
Region de Bruxelles-Cap 0.910 1/31/2053 EUR 45.729
Minicentrales Dos SA 0.010 6/6/2047 EUR 58.439
Muenchener Hypothekenba 0.250 10/31/2044 CHF 70.185
Hemso Fastighets AB 1.130 10/31/2039 EUR 59.875
Single Platform Investm 1.150 5/25/2066 EUR 44.531
Landesbank Baden-Wuertt 0.380 11/18/2030 EUR 74.769
Vilogia SA d'HLM 1.500 8/7/2034 EUR 73.993
BNG Bank NV 2.020 8/7/2058 EUR 74.477
Barclays Bank PLC 7.350 4/11/2024 USD 9.897
Assistance Publique Hop 0.490 9/30/2040 EUR 58.734
ESB Finance DAC 2.000 4/17/2044 EUR 68.480
Deutsche Bank AG/London 0.500 8/23/2038 MXN 21.687
SAir Group 2.125 11/4/2004 CHF 10.125
Scottish Hydro Electric 1.429 10/20/2056 GBP 68.106
Hungary Government Inte 1.500 11/17/2050 EUR 51.353
Havenbedrijf Rotterdam 1.100 3/23/2051 EUR 57.378
Sovcombank Via SovCom C 8.000 4/7/2030 USD 6.581
State of Bremen 1.000 5/27/2039 EUR 70.491
Soc Nationale SNCF SACA 2.820 4/28/2036 AUD 74.949
Romanian Government Int 2.000 4/14/2033 EUR 70.261
MOL Hungarian Oil & Gas 1.900 4/12/2031 HUF 62.300
Romanian Government Int 3.375 2/8/2038 EUR 72.460
HSBC Continental Europe 2.220 1/24/2048 EUR 67.756
DNB Boligkreditt AS 1.452 1/19/2038 EUR 74.577
Hemso Fastighets AB 2.615 11/30/2043 EUR 63.508
Banque et Caisse d'Epar 1.230 4/26/2046 EUR 66.946
Banco Santander SA 0.010 10/1/2032 EUR 68.381
Kingdom of Belgium Gove 2.750 6/10/2071 USD 61.814
Ukraine Government Inte 7.375 9/25/2034 USD 27.417
Muenchener Hypothekenba 1.666 8/7/2042 EUR 74.704
Deutsche Bank AG 0.250 8/23/2028 EUR 68.310
Depfa Funding III LP 3.062 EUR 51.243
Caisse des Depots et Co 1.630 12/28/2046 EUR 64.548
Hungary Government Bond 3.000 4/25/2041 HUF 57.722
SNCF Reseau 2.622 9/24/2049 USD 64.566
United Utilities Water 0.010 12/9/2036 GBP 70.670
Barclays Bank PLC 2.500 12/29/2032 USD 74.611
State of Brandenburg 0.750 8/8/2036 EUR 72.915
Belfius Bank SA 0.125 6/19/2034 EUR 70.664
Single Platform Investm 2.230 3/17/2039 NOK 65.266
Credit Agricole Corpora 3.200 3/11/2036 AUD 73.402
Sanctuary Capital PLC 2.481 11/12/2037 GBP 66.938
Junta de Castilla y Leo 1.270 10/31/2044 EUR 58.624
Landesbank Baden-Wuertt 0.560 9/22/2033 EUR 68.949
Communaute Francaise de 1.010 7/19/2051 EUR 50.129
City of Amsterdam Nethe 1.359 2/26/2044 EUR 69.264
SpareBank 1 SR-Bank ASA 1.650 2/24/2042 EUR 61.143
Grand Delta Habitat 1.425 2/26/2048 EUR 55.980
Land Berlin 0.150 2/22/2036 EUR 67.825
Cooperatieve Rabobank U 2.481 2/26/2036 AUD 70.400
Single Platform Investm 1.130 5/1/2030 EUR 63.725
Credit Agricole Corpora 15.000 6/18/2026 TRY 71.801
Single Platform Investm 1.510 2/13/2043 EUR 65.263
UBS AG/London 16.500 7/22/2024 CHF 70.400
DZ Bank AG Deutsche Zen 1.850 2/19/2049 EUR 69.526
CDC Habitat SEM 1.700 3/21/2039 EUR 71.182
MBH Mortgage Bank Co PL 3.000 8/21/2030 HUF 68.650
NORD/LB Luxembourg SA C 0.542 9/30/2037 EUR 64.995
Land Berlin 0.500 6/19/2047 EUR 51.435
DZ Bank AG Deutsche Zen 1.000 2/18/2032 EUR 65.532
Erdoel-Lagergesellschaf 1.200 6/4/2043 EUR 61.989
Banco Espirito Santo SA 6.900 6/28/2024 EUR 19.241
Swedbank Hypotek AB 1.500 7/13/2048 EUR 68.939
CaixaBank SA 0.150 11/22/2027 EUR 74.187
Kingdom of Belgium Gove 0.558 9/24/2077 EUR 31.521
City of St Gallen 0.140 9/16/2044 CHF 72.220
Itas Istituto Trentino 5.000 12/17/2031 EUR 60.814
Autostrade per l'Italia 3.625 6/9/2038 EUR 73.906
Kommunekredit 0.100 9/30/2033 DKK 71.031
Natixis SA 2.420 9/29/2035 AUD 63.641
Department of Loiret Fr 0.500 10/30/2042 EUR 54.967
Credit Agricole Corpora 0.100 10/21/2030 EUR 73.476
Alpine Holding GmbH 6.000 5/22/2017 EUR 0.372
German Pellets GmbH 7.250 4/1/2016 EUR 0.815
Grupo Isolux Corsan SA 6.000 12/30/2021 EUR 0.673
Nederlandse Waterschaps 0.964 6/11/2059 EUR 51.408
Region Wallonne Belgium 1.135 10/10/2069 EUR 43.475
Landwirtschaftliche Ren 0.210 9/30/2033 EUR 74.536
Assistance Publique Hop 1.073 4/16/2045 EUR 59.249
Single Platform Investm 2.600 1/19/2038 NOK 69.918
Belfius Bank SA 1.561 4/27/2043 EUR 71.770
Deutsche Bahn Finance G 0.232 3/17/2032 EUR 73.909
Kuntarahoitus Oyj 1.400 3/5/2061 EUR 64.872
Landesbank Hessen-Thuer 0.550 4/1/2031 EUR 73.922
Landesbank Hessen-Thuer 1.250 4/7/2037 EUR 70.100
Societe Generale SA 0.831 11/25/2031 EUR 69.151
Grand Delta Habitat 1.630 3/6/2045 EUR 61.244
Grenke Finance PLC 0.819 2/15/2030 EUR 68.461
Credit Suisse AG/London 16.500 9/7/2023 CHF 32.840
Agence Francaise de Dev 1.833 2/26/2052 EUR 66.766
Credito Padano Banca di 3.100 EUR 36.103
Sovcombank Via SovCom C 3.400 1/26/2025 USD 2.610
SNCF Reseau 1.475 3/30/2065 EUR 48.897
Pongs & Zahn AG 8.500 11/1/2014 EUR 0.002
Purple Protected Asset 1.580 5/25/2060 EUR 39.581
NRW Bank 0.106 8/17/2050 EUR 41.966
DZ Bank AG Deutsche Zen 1.000 2/13/2042 EUR 64.881
Agrokor dd 8.875 2/1/2020 USD 15.000
Nederlandse Waterschaps 0.750 10/4/2041 EUR 63.226
Landesbank Baden-Wuertt 0.690 10/8/2035 EUR 65.410
SG Issuer SA 0.350 11/15/2023 EUR 31.260
Mifa Mitteldeutsche Fah 7.500 8/12/2018 EUR 1.800
Affinity Water Finance 2.699 11/22/2033 GBP 69.638
NRW Bank 1.000 2/26/2050 EUR 59.385
Thames Water Utilities 1.819 8/28/2049 GBP 71.829
SAir Group 6.250 4/12/2005 CHF 10.172
KPNQwest NV 8.875 2/1/2008 EUR 0.507
La Veggia Finance SA 7.125 11/14/2004 EUR 0.301
Nationwide Building Soc 1.573 5/7/2041 EUR 73.216
Banco Espirito Santo SA 10.000 12/6/2021 EUR 0.397
Swedbank Hypotek AB 1.490 8/15/2038 EUR 74.642
Societe Generale SFH SA 0.570 3/15/2036 EUR 70.362
Assistance Publique Hop 0.666 3/19/2040 EUR 61.957
Societe Generale SA 10.000 6/28/2034 USD 72.500
Raiffeisen Landesbank V 0.375 11/13/2034 EUR 71.269
Credit Agricole Corpora 3.100 4/28/2041 AUD 64.014
DekaBank Deutsche Giroz 0.230 4/22/2031 EUR 72.977
HSE Finance Sarl 9.531 10/15/2026 EUR 57.519
Ministeries Van de Vlaa 1.874 3/28/2058 EUR 58.264
Region de Bruxelles-Cap 1.620 2/8/2044 EUR 66.275
ING Groep NV 0.975 2/14/2034 EUR 66.820
State of North Rhine-We 1.850 3/18/2089 EUR 55.058
Societe Du Grand Paris 0.576 10/29/2052 EUR 40.052
Soc Nationale SNCF SACA 1.400 5/18/2120 EUR 32.825
Vasakronan AB 1.770 10/26/2033 NOK 67.665
Region Auvergne-Rhone-A 0.250 10/23/2034 EUR 68.548
Caisse Francaise de Fin 0.726 10/29/2039 EUR 63.645
Oberoesterreichische La 1.014 9/16/2049 EUR 39.968
Landesbank Hessen-Thuer 0.600 1/17/2035 EUR 73.500
Credit Bank of Moscow V 7.121 6/25/2024 USD 23.882
Landesbank Saar 0.540 11/18/2033 EUR 68.302
Rio Forte Investments S 4.000 7/22/2014 EUR 2.114
FLUVIUS System Operator 0.810 4/8/2033 EUR 69.828
Bilt Paper BV 10.360 USD 1.313
Single Platform Investm 2.000 2/1/2039 EUR 74.232
Kreditanstalt fuer Wied 1.208 3/10/2051 EUR 62.979
Nykredit Realkredit AS 1.182 1/17/2034 EUR 71.814
Regie Autonome des Tran 0.875 8/18/2080 EUR 34.914
BNG Bank NV 1.897 10/30/2048 EUR 71.484
Muenchener Hypothekenba 1.000 5/7/2035 EUR 69.842
Landeskreditbank Baden- 2.500 5/21/2036 AUD 69.677
Single Platform Investm 0.656 9/20/2050 EUR 50.472
NRW Bank 1.000 6/24/2051 EUR 58.114
Vajda-Papir Gyarto Kere 3.500 5/17/2031 HUF 70.900
Anselma Issuer SA 1.574 12/31/2038 EUR 35.230
Single Platform Investm 0.830 8/6/2041 EUR 57.800
DZ Bank AG Deutsche Zen 0.190 1/14/2031 EUR 72.100
Soc Nationale SNCF SACA 2.503 1/14/2041 AUD 64.526
Assistance Publique Hop 0.630 7/30/2042 EUR 57.133
Nederlandse Waterschaps 0.190 11/2/2050 EUR 43.624
Uliving@Essex2 Issuerco 0.100 8/31/2063 GBP 60.155
Single Platform Investm 1.083 2/15/2041 EUR 62.009
Municipality of Arnhem 0.605 2/24/2040 EUR 64.523
Assistance Publique Hop 1.502 5/9/2044 EUR 67.550
Raiffeisen Bank zrt 11.597 EUR 67.884
Vasakronan AB 2.256 4/12/2044 EUR 71.912
Ukraine Government Bond 8.750 4/20/2033 UAH 25.894
National Grid Electrici 1.541 12/1/2056 GBP 70.043
Kommunalkredit Austria 0.570 9/15/2037 EUR 65.314
Suek Securities DAC 3.375 9/15/2026 USD 69.099
Severn Trent Utilities 1.523 8/1/2058 GBP 72.443
Barclays Bank PLC 1.637 4/12/2039 EUR 74.850
Societe Publique d'Admi 2.003 9/27/2044 EUR 72.302
Deutsche Wohnen SE 2.500 7/21/2034 EUR 72.959
National Grid Electrici 1.541 12/1/2053 GBP 71.011
Region de Bruxelles-Cap 1.286 12/17/2046 EUR 56.024
Aktia Bank Oyj 0.635 10/16/2035 EUR 63.158
SAir Group 4.250 2/2/2007 CHF 10.172
Sairgroup Finance BV 6.625 10/6/2010 EUR 0.250
Communaute Francaise de 0.500 6/27/2046 EUR 48.038
AKB Peresvet ZAO 0.510 8/4/2034 RUB 31.190
ALROSA Finance SA 3.100 6/25/2027 USD 6.629
Aareal Bank AG 1.125 6/28/2030 EUR 72.020
Lloyds Bank PLC 2.170 8/28/2038 EUR 67.909
Cie de Financement Fonc 0.900 7/18/2058 EUR 48.496
Vasakronan AB 2.400 6/20/2044 SEK 65.520
United Kingdom Gilt 0.250 7/31/2031 GBP 72.561
State of North Rhine-We 1.267 9/16/2051 EUR 61.880
Credit Agricole Corpora 2.850 9/15/2051 AUD 53.387
Cooperatieve Rabobank U 2.940 3/11/2036 AUD 74.468
State of Lower Austria 0.815 9/22/2056 EUR 46.413
Nordea Bank Abp 9.370 7/20/2029 SEK 72.330
BNG Bank NV 2.000 9/5/2058 EUR 67.391
Santander Consumer Bank 9.430 NOK 60.954
Norddeutsche Landesbank 0.650 8/26/2031 EUR 73.386
Kreditanstalt fuer Wied 1.171 7/19/2051 EUR 61.395
Banco Santander SA 0.790 9/30/2031 EUR 72.326
Alfa Bank AO Via Alfa B 5.500 10/26/2031 USD 0.617
UniCredit Bank Austria 0.150 4/29/2033 EUR 71.807
Die Schweizerische Post 0.180 12/14/2061 CHF 52.822
EnBW International Fina 2.080 1/21/2041 EUR 64.675
State of North Rhine-We 1.960 1/24/2079 EUR 66.414
Sparebanken Sor 7.970 NOK 73.977
Kreditanstalt fuer Wied 1.175 4/14/2051 EUR 62.386
Quintet Private Bank Eu 6.050 5/26/2026 USD 56.110
ACCIONA Financiacion Fi 1.900 6/28/2034 EUR 70.485
Region de Bruxelles-Cap 1.144 1/14/2056 EUR 46.174
Ukraine Government Bond 12.300 7/3/2024 UAH 71.046
MBH Mortgage Bank Co PL 3.000 10/22/2031 HUF 65.500
Santander Consumer Bank 2.620 6/18/2031 NOK 74.887
City of Amsterdam Nethe 0.490 12/16/2036 EUR 69.087
Credit Agricole Corpora 11.190 3/12/2027 TRY 60.047
Commune de Marseille 1.688 12/6/2038 EUR 74.861
Single Platform Investm 1.120 7/25/2045 JPY 66.556
Premium Green PLC 1.610 9/30/2030 AUD 74.025
Barclays Bank PLC 2.320 1/11/2041 USD 56.647
SG Issuer SA 1.600 6/26/2034 EUR 13.150
State of Lower Austria 0.585 10/11/2049 EUR 48.466
State of Bremen 0.500 6/14/2034 EUR 74.457
Alno AG 8.000 3/21/2019 EUR 17.500
Lloyds Bank PLC 0.500 7/26/2028 MXN 60.067
Agrokor dd 9.125 2/1/2020 EUR 15.000
Erste Group Bank AG 1.230 5/29/2033 EUR 71.166
Citigroup Global Market 1.230 8/20/2039 EUR 62.076
Communaute Francaise de 0.788 8/30/2049 EUR 48.226
United Kingdom Inflatio 0.125 3/22/2068 GBP 71.522
SAir Group 5.500 7/23/2003 CHF 10.172
Ministeries Van de Vlaa 1.392 11/12/2041 EUR 64.743
Erste Group Bank AG 1.400 5/7/2034 EUR 69.369
Erste Group Bank AG 1.380 6/8/2032 EUR 73.964
Ukraine Government Bond 8.630 5/10/2033 UAH 25.527
Magyar Export-Import Ba 2.500 5/23/2029 HUF 70.449
Landesbeteiligungen Bad 1.450 6/15/2046 EUR 57.915
Landesbank Hessen-Thuer 1.000 3/9/2037 EUR 66.700
Department of Bouches d 0.500 10/5/2043 EUR 53.380
Elli Investments Ltd 12.250 6/15/2020 GBP 52.250
Serbia Treasury Bonds 1.500 3/26/2033 EUR 71.255
Credit Agricole Corpora 2.750 12/12/2034 AUD 71.848
Nykredit Realkredit AS 1.000 10/1/2050 DKK 70.386
Purple Protected Asset 1.598 2/5/2061 EUR 63.222
de Volksbank NV 1.552 4/12/2040 EUR 74.836
BPCE SA 2.730 10/5/2036 AUD 62.091
Department of Gironde F 0.846 4/29/2039 EUR 65.860
Cie de Financement Fonc 1.760 11/15/2048 EUR 68.386
Single Platform Investm 1.920 11/5/2040 EUR 65.953
Single Platform Investm 1.233 6/25/2044 EUR 63.940
Italy Buoni Poliennali 0.150 5/15/2051 EUR 61.969
Single Platform Investm 0.815 4/1/2042 EUR 55.514
Single Platform Investm 2.290 7/19/2038 NOK 66.073
Ville de Paris 1.165 6/9/2053 EUR 50.506
Banco Santander SA 2.280 2/28/2039 EUR 71.351
Nationale-Nederlanden B 1.400 3/18/2039 EUR 73.143
HSBC Bank PLC 2.230 9/6/2047 EUR 63.550
Soc Nationale SNCF SACA 2.910 1/27/2051 AUD 61.434
Landesbank Hessen-Thuer 0.350 1/20/2031 EUR 72.780
Assistance Publique Hop 0.791 8/27/2051 EUR 47.131
Societe Generale SA 2.480 7/17/2040 USD 49.979
SALVATOR Vermoegensverw 9.500 EUR 7.900
Vasakronan AB 0.914 5/27/2030 EUR 67.063
Berlin Hyp AG 0.440 10/29/2035 EUR 58.467
Deutsche Bank AG 2.784 4/3/2034 EUR 70.638
BASF SE 1.025 8/13/2048 JPY 66.729
Tonon Luxembourg SA 9.250 1/24/2020 USD 0.795
United Kingdom Gilt 1.500 7/22/2047 GBP 54.793
Department of Bouches d 0.810 12/16/2041 EUR 60.550
Hemso Fastighets AB 2.127 4/18/2039 EUR 62.273
Societe Generale SA 10.000 4/28/2034 USD 67.750
Republic of Ireland Int 1.320 11/28/2119 EUR 38.726
Turkiye Ihracat Kredi B 12.540 9/14/2028 TRY 53.700
DZ HYP AG 1.430 10/26/2046 EUR 61.786
Single Platform Investm 0.932 2/15/2041 EUR 59.437
BNG Bank NV 1.627 4/25/2046 EUR 71.218
Lloyds Bank PLC 2.520 9/4/2038 SEK 69.700
ECM Real Estate Investm 5.000 10/9/2011 EUR 15.375
DZ Bank AG Deutsche Zen 0.760 9/15/2033 EUR 69.916
United Utilities Water 1.591 9/25/2056 GBP 74.981
Autonomous Community of 1.089 10/31/2049 EUR 50.365
Pescanova SA 6.750 3/5/2015 EUR 0.840
Magyar Export-Import Ba 2.000 10/27/2027 HUF 70.063
Societe Wallonne de Fin 0.883 11/21/2044 EUR 52.989
City of Hanover Germany 1.580 11/17/2042 EUR 74.126
BPCE SA 1.980 10/6/2030 AUD 74.115
BPCE SFH SA 1.295 6/8/2037 EUR 74.199
Belfius Bank SA 0.780 7/22/2036 EUR 71.132
New World Resources NV 4.000 10/7/2020 EUR 0.369
Credit Agricole Corpora 10.320 7/22/2026 TRY 62.123
Pescanova SA 5.125 4/20/2017 EUR 1.045
Societe Generale SA 2.700 3/17/2031 AUD 73.287
Ville de Paris 2.017 5/25/2052 EUR 66.926
Single Platform Investm 1.440 7/18/2042 EUR 64.423
Credit Suisse AG/London 20.000 11/29/2024 USD 13.880
Caisse des Depots et Co 1.106 9/30/2049 EUR 53.039
Communaute Francaise de 1.040 7/19/2101 EUR 42.265
Penarian Housing Financ 3.212 6/7/2052 GBP 66.932
Region Occitanie 0.766 10/7/2041 EUR 60.310
Comunidad Foral de Nava 1.450 5/8/2040 EUR 65.891
Citigroup Global Market 1.290 4/29/2025 EUR 74.100
Credit Agricole SA 3.610 4/20/2036 AUD 65.213
Nederlandse Waterschaps 1.650 5/27/2061 EUR 61.955
Single Platform Investm 1.250 10/18/2035 EUR 61.490
Societe Generale SA 3.920 12/9/2036 AUD 69.870
Region de Bruxelles-Cap 1.990 11/30/2050 EUR 62.683
Raiffeisen Switzerland 9.000 2/2/2024 EUR 74.770
Premium Green PLC 1.610 9/30/2030 AUD 74.025
VTB Bank PJSC 10.000 RUB 59.010
Citigroup Global Market 2.000 3/25/2039 EUR 71.004
MKB-Leasing OOO 10.500 10/12/2026 RUB 70.020
DZ Bank AG Deutsche Zen 1.070 10/6/2042 EUR 65.483
Raiffeisenlandesbank Ob 0.998 11/4/2033 EUR 70.405
French Republic Governm 0.500 5/25/2072 EUR 35.738
City of Gothenburg Swed 1.990 2/20/2045 SEK 70.071
Kreditanstalt fuer Wied 0.250 10/6/2036 CAD 51.354
Ministeries Van de Vlaa 1.053 6/3/2050 EUR 51.874
Romanian Government Int 3.375 1/28/2050 EUR 62.184
Grand Delta Habitat 1.500 9/1/2047 EUR 52.026
HPI AG 3.500 EUR 3.010
Landesbank Hessen-Thuer 0.800 2/26/2035 EUR 66.951
Societe Wallonne de Fin 0.948 10/23/2051 EUR 48.872
Deutsche Apotheker-und 1.770 12/21/2046 EUR 72.771
DZ HYP AG 1.033 12/6/2049 EUR 54.278
Norske Skogindustrier A 7.125 10/15/2033 USD 0.010
Landesbank Saar 0.835 2/19/2035 EUR 67.818
VTB Bank PJSC 7.600 4/2/2031 RUB 65.010
Region Wallonne Belgium 0.808 6/24/2038 EUR 64.437
Cooperatieve Rabobank U 3.000 3/25/2036 AUD 74.930
Landesbank Hessen-Thuer 1.000 4/28/2036 EUR 66.056
Royal Schiphol Group NV 3.090 7/1/2034 AUD 72.976
LR Realkredit AS 0.500 10/1/2040 DKK 74.833
Landesbank Saar 0.710 12/6/2035 EUR 65.053
SiC Processing GmbH 7.125 3/1/2016 EUR 0.643
Single Platform Investm 2.040 2/15/2044 EUR 73.198
Assistance Publique Hop 0.683 3/19/2041 EUR 60.249
Caisse des Depots et Co 1.114 9/20/2049 EUR 54.364
Specialfastigheter Sver 1.280 9/20/2049 SEK 51.199
Purple Protected Asset 1.600 9/8/2056 EUR 47.833
BNG Bank NV 2.280 10/17/2048 SEK 72.939
Region Wallonne Belgium 1.246 5/12/2070 EUR 44.241
ING Bank NV 0.335 4/21/2036 EUR 67.556
Norddeutsche Landesbank 0.825 5/18/2033 EUR 69.312
UniCredit Bank AG 1.550 7/18/2031 EUR 70.970
Norddeutsche Landesbank 1.420 4/28/2039 EUR 61.422
Rikshem AB 2.137 1/29/2036 EUR 72.992
Region de Bruxelles-Cap 1.819 1/22/2048 EUR 66.546
Akademiska Hus AB 1.694 12/18/2045 EUR 74.552
NRW Bank 0.600 1/28/2051 EUR 50.828
UBS Group AG 2.300 12/3/2035 AUD 65.633
Orpea SA 2.564 11/30/2027 EUR 27.672
Single Platform Investm 0.946 5/25/2036 EUR 67.758
Landeskreditbank Baden- 0.547 2/18/2041 EUR 62.004
Assistance Publique Hop 1.850 12/21/2046 EUR 68.853
Premium Green PLC 1.630 12/30/2030 AUD 73.229
Landesbank Hessen-Thuer 1.000 8/27/2035 EUR 67.525
Region de Bruxelles-Cap 1.506 2/21/2039 EUR 71.990
HSBC Continental Europe 2.200 2/19/2049 EUR 67.677
Vasakronan AB 0.950 3/22/2039 JPY 71.914
Hypo Tirol Bank AG 1.090 1/21/2041 EUR 55.826
Landesbank Hessen-Thuer 0.850 9/2/2036 EUR 63.899
Landesbank Hessen-Thuer 0.650 9/16/2036 EUR 61.949
Vasakronan AB 1.130 5/27/2042 JPY 67.825
Landesbank Hessen-Thuer 1.450 7/10/2035 EUR 68.300
Republic of Ireland Int 0.810 7/10/2079 EUR 39.370
Lithuania Government In 0.500 7/28/2050 EUR 44.034
Lehman Brothers Treasur 5.666 10/5/2035 EUR 0.100
TransFin-M PAO 10.500 6/28/2027 RUB 60.000
CDC Habitat SEM 1.060 5/22/2036 EUR 69.011
BPCE SA 2.550 6/9/2035 AUD 63.673
Jyske Realkredit A/S 0.500 10/1/2053 DKK 62.094
Grand Delta Habitat 1.500 9/1/2049 EUR 56.180
Single Platform Investm 0.695 6/25/2039 EUR 59.858
Landesbank Hessen-Thuer 1.000 9/24/2035 EUR 67.357
Muenchener Hypothekenba 0.300 9/6/2032 EUR 70.488
Land Thueringen 0.200 9/12/2039 EUR 60.654
Air Berlin Finance BV 6.000 3/6/2019 EUR 0.278
Single Platform Investm 0.924 2/18/2049 EUR 50.055
Bayerische Landesbank 0.710 12/1/2031 EUR 74.157
Russian Post FGUP 2.750 12/6/2023 RUB 60.070
Stichting Afwikkeling O 8.450 8/20/2018 USD 43.625
Espirito Santo Financia 5.050 11/15/2025 EUR 0.759
Intesa Sanpaolo Bank Ir 3.102 11/19/2035 AUD 65.342
Single Platform Investm 1.220 11/28/2033 EUR 74.802
Kommunekredit 1.336 10/1/2032 AUD 71.852
Steilmann SE 7.000 9/23/2018 EUR 1.429
Deutsche Bahn Finance G 1.520 7/3/2035 SEK 72.174
Ville de Paris 1.720 8/23/2047 EUR 67.207
O1 Properties Finance P 0.500 9/27/2028 USD 5.823
Landesbank Hessen-Thuer 0.600 2/18/2036 EUR 62.742
Kuntarahoitus Oyj 1.150 9/24/2051 EUR 64.755
Office Public De L'Habi 1.700 12/22/2060 EUR 68.205
DZ Bank AG Deutsche Zen 0.560 10/15/2032 EUR 70.355
Landesbank Hessen-Thuer 0.850 10/17/2034 EUR 68.230
NIBC Bank NV 2.105 10/10/2033 EUR 71.378
Gemeente Enschede Nethe 1.517 10/12/2043 EUR 71.894
Sparekassen Bredebro 3.750 4/15/2031 DKK 71.529
Muenchener Hypothekenba 1.420 4/20/2038 EUR 74.819
Lloyds Bank PLC 2.280 1/29/2044 EUR 63.917
Alfa Bank AO Via Alfa B 5.900 USD 7.634
Single Platform Investm 0.880 1/15/2040 EUR 61.245
Single Platform Investm 1.850 2/15/2041 NOK 59.465
Credit Agricole Corpora 1.000 1/31/2033 AUD 66.607
CDC Habitat SEM 0.814 2/15/2040 EUR 59.916
Landshypotek Bank AB 0.750 2/16/2033 SEK 72.779
Autonomous Community of 1.442 10/26/2049 EUR 55.500
Region de Bruxelles-Cap 1.000 4/21/2051 EUR 50.437
DZ Bank AG Deutsche Zen 0.550 3/23/2033 EUR 68.932
Deutsche Pfandbriefbank 0.480 5/19/2031 EUR 68.676
Premium Green PLC 1.630 12/30/2030 AUD 73.229
Single Platform Investm 1.080 7/18/2036 EUR 68.389
German Real Estate Capi 3.000 EUR 72.500
Instabank ASA i 11.570 NOK 71.522
CDC Habitat SEM 1.150 4/30/2037 EUR 68.616
BNP Paribas SA 3.580 7/23/2040 AUD 70.795
National Grid Electrici 2.500 7/24/2035 AUD 68.683
Barclays Bank PLC 10.200 2/14/2025 TRY 74.788
Aareal Bank AG 2.783 5/18/2037 EUR 67.315
Hypo Tirol Bank AG 0.740 5/29/2040 EUR 62.649
Ville de Paris 0.963 6/8/2050 EUR 51.309
Commerzbank AG 1.430 1/23/2040 EUR 63.679
Region Wallonne Belgium 1.865 5/10/2051 EUR 64.075
Commerzbank AG 1.046 12/18/2034 EUR 69.042
Mox Telecom AG 7.250 11/2/2017 EUR 2.270
Centrosolar Group AG 7.000 2/15/2016 EUR 2.505
Raiffeisen-Landesbank T 1.100 11/13/2036 EUR 57.641
Region de Bruxelles-Cap 0.845 9/30/2059 EUR 39.090
Netherlands Government 0.500 1/15/2040 EUR 68.173
Heta Asset Resolution A 4.458 12/31/2023 EUR 1.168
Lehman Brothers Treasur 13.500 11/28/2008 USD 0.100
Region de Bruxelles-Cap 0.256 2/26/2035 EUR 66.988
Premium Green PLC 1.650 3/28/2031 AUD 72.165
Hemso Fastighets AB 0.473 2/18/2030 EUR 72.734
Kommuninvest I Sverige 2.000 10/21/2041 SEK 71.800
Brussels Municipalities 0.832 3/29/2041 EUR 61.084
AKB Peresvet ZAO 0.510 2/14/2032 RUB 6.800
Uliving@Essex Issuerco 0.100 8/31/2058 GBP 63.385
SAir Group 0.125 7/7/2005 CHF 10.125
Deutsche Bank AG 2.348 8/15/2034 EUR 66.689
Deutsche Bank AG 2.267 8/25/2034 EUR 66.033
Windreich GmbH 6.750 3/1/2015 EUR 2.780
Single Platform Investm 1.013 12/20/2050 EUR 51.590
BNG Bank NV 0.632 7/12/2066 EUR 38.219
Landesbank Baden-Wuertt 0.300 3/17/2033 EUR 68.450
Assistance Publique Hop 1.913 4/22/2042 EUR 74.432
Ministeries Van de Vlaa 0.400 11/20/2043 EUR 52.357
Kreditanstalt fuer Wied 1.267 3/22/2051 EUR 63.960
SkyGreen Buildings Kft 3.000 12/29/2030 HUF 65.500
Landesbank Baden-Wuertt 0.140 10/20/2031 EUR 71.527
State of Rhineland-Pala 0.375 3/10/2051 EUR 46.128
Municipality of Almelo 0.210 9/14/2035 EUR 69.189
Hypo Tirol Bank AG 1.320 7/16/2041 EUR 62.785
Region Auvergne-Rhone-A 0.530 9/29/2036 EUR 66.421
CDC Habitat SEM 1.170 5/4/2037 EUR 68.833
Erste Group Bank AG 0.950 5/5/2035 EUR 62.100
Communaute Francaise de 2.350 8/18/2062 EUR 69.532
Assistance Publique Hop 1.795 3/30/2048 EUR 66.821
BNG Bank NV 1.603 3/19/2048 EUR 67.967
Agence Francaise de Dev 1.890 11/20/2048 EUR 70.071
SG Issuer SA 5.000 4/2/2024 EUR 53.210
Communaute Francaise de 1.760 1/26/2043 EUR 69.025
Single Platform Investm 1.000 7/15/2036 EUR 57.322
Oberbank AG 2.250 2/1/2039 EUR 63.567
Single Platform Investm 1.301 6/25/2044 EUR 60.455
Single Platform Investm 0.950 2/15/2044 EUR 56.852
Norddeutsche Landesbank 1.150 7/23/2036 EUR 64.128
NRW Bank 1.276 2/15/2042 EUR 70.851
Single Platform Investm 1.860 2/15/2041 NOK 59.598
Natixis SA 3.550 11/12/2041 AUD 63.735
Santander International 1.192 12/7/2045 EUR 54.700
Department of Bouches d 0.467 12/8/2044 EUR 51.052
Department of Bouches d 0.490 12/8/2045 EUR 49.847
Metropole de Lyon 0.462 12/7/2045 EUR 49.440
Department of Bouches d 0.432 2/1/2046 EUR 48.763
Metropole de Lyon 0.466 12/7/2046 EUR 47.995
ACCIONA Financiacion Fi 3.000 12/2/2039 EUR 72.713
Department of Bouches d 0.445 12/8/2043 EUR 52.336
Region Bourgogne-Franch 0.397 12/3/2045 EUR 48.501
Department of L'Eure Fr 0.442 10/25/2045 EUR 49.328
Caisse des Depots et Co 3.000 11/8/2051 AUD 62.987
Bank Vontobel AG 8.250 11/27/2023 EUR 54.000
Flextronics Internation 3.600 12/6/2031 HUF 70.000
CDC Habitat SEM 0.853 2/15/2041 EUR 59.034
Single Platform Investm 2.125 1/15/2038 NOK 67.238
Norddeutsche Landesbank 1.350 10/20/2038 EUR 61.842
Bayerische Landesbank 0.280 10/9/2030 EUR 74.327
Region Auvergne-Rhone-A 0.645 4/9/2040 EUR 59.844
Single Platform Investm 0.885 7/24/2036 EUR 66.365
Republic of Ireland Int 1.230 6/23/2121 EUR 42.068
Berlin Hyp AG 0.460 10/7/2031 EUR 72.926
Kreditanstalt fuer Wied 1.115 5/17/2041 EUR 68.071
Department of Bouches d 0.981 5/14/2047 EUR 55.218
Department of Bouches d 1.068 5/21/2048 EUR 55.320
Single Platform Investm 1.060 4/1/2042 EUR 60.515
BNG Bank NV 0.562 6/7/2051 EUR 55.017
Grand City Properties S 2.600 2/25/2034 EUR 67.582
Credit Suisse AG/London 13.700 9/25/2023 USD 20.240
Muenchener Hypothekenba 0.030 1/14/2031 EUR 73.920
Muenchener Hypothekenba 0.300 1/27/2031 EUR 74.515
Landesbank Baden-Wuertt 0.290 8/6/2031 EUR 72.289
Ukraine Government Inte 12.520 5/13/2026 UAH 58.821
Cordia International In 3.000 7/27/2030 HUF 67.000
Landesbank Hessen-Thuer 1.200 8/28/2035 EUR 68.000
Batigere Grand Est SAHL 1.610 10/23/2040 EUR 66.218
Municipality of Eindhov 1.785 5/30/2047 EUR 73.070
Region Auvergne-Rhone-A 0.650 5/18/2038 EUR 63.165
DekaBank Deutsche Giroz 1.320 1/24/2045 EUR 58.884
Societe Generale SA 1.230 1/30/2035 EUR 71.828
Deutsche Bank AG/London 3.984 10/10/2042 USD 69.727
Lloyds Bank PLC 2.637 1/16/2040 AUD 65.713
Grand Delta Habitat 1.500 6/2/2045 EUR 59.086
Societe Wallonne de Fin 0.904 10/23/2047 EUR 50.983
Societe Wallonne de Fin 0.894 10/23/2045 EUR 52.477
Societe Generale SA 1.510 12/20/2044 EUR 61.985
Region Auvergne-Rhone-A 0.493 10/23/2037 EUR 63.602
SAir Group 6.250 10/27/2002 CHF 10.125
Norddeutsche Landesbank 1.200 9/18/2035 EUR 66.364
Kuntarahoitus Oyj 0.766 10/28/2048 EUR 60.331
Autonomous Community of 1.900 5/24/2039 EUR 73.716
BNG Bank NV 0.043 9/17/2033 EUR 69.619
Department of Bouches d 1.368 5/6/2044 EUR 64.628
Single Platform Investm 1.260 1/22/2049 EUR 56.830
Caisse des Depots et Co 1.548 8/9/2038 EUR 73.289
SR-Boligkreditt AS 1.252 12/2/2041 EUR 67.765
Communaute Francaise de 1.380 11/7/2046 EUR 60.423
DekaBank Deutsche Giroz 1.350 11/15/2044 EUR 59.450
Santander International 1.700 12/12/2049 EUR 45.804
Purple Protected Asset 2.085 10/27/2060 EUR 45.089
Societe Wallonne de Fin 1.066 9/18/2046 EUR 54.234
Ukraine Government Bond 9.700 12/8/2027 UAH 44.210
Ukraine Government Bond 9.000 7/17/2030 UAH 31.304
HH Finance PLC 5.000 5/19/2028 EUR 60.050
Ukraine Government Bond 8.120 11/10/2035 UAH 22.597
Ukraine Government Bond 8.880 5/10/2032 UAH 27.341
Single Platform Investm 1.220 8/24/2047 EUR 51.727
Bank Vontobel AG 20.000 11/27/2023 CHF 28.900
Kingdom of Belgium Gove 1.600 6/22/2047 EUR 69.224
Caisse Francaise de Fin 1.720 11/6/2047 EUR 68.770
Single Platform Investm 2.160 2/15/2044 EUR 73.776
Region Auvergne-Rhone-A 1.150 4/8/2039 EUR 68.506
BNG Bank NV 1.040 11/28/2047 EUR 59.241
Nordea Eiendomskreditt 2.200 6/17/2043 NOK 70.879
Specialfastigheter Sver 1.120 2/19/2044 SEK 56.016
Nederlandse Waterschaps 1.675 4/26/2046 EUR 71.962
Department of L'Eure Fr 0.959 11/25/2037 EUR 70.117
Municipality of Eindhov 1.246 10/18/2046 EUR 65.022
NRW Bank 0.550 7/23/2035 EUR 72.126
Region Auvergne-Rhone-A 0.697 8/2/2036 EUR 68.368
Agence France Locale 0.586 6/20/2034 EUR 71.585
Argentum Capital SA 1.377 5/25/2034 EUR 69.625
Lehman Brothers Treasur 10.000 3/27/2009 USD 0.100
Severn Trent Utilities 1.500 10/20/2056 GBP 72.730
Autonomous Community of 0.810 10/31/2040 EUR 58.758
Orpea SA 2.300 3/6/2025 EUR 27.548
Espirito Santo Financia 4.809 10/27/2024 EUR 0.001
Single Platform Investm 1.105 1/18/2040 EUR 62.914
Collectivite Europeenne 0.487 10/9/2045 EUR 50.055
Department of Bouches d 0.482 10/20/2045 EUR 49.935
Single Platform Investm 0.835 10/14/2061 EUR 42.702
Heta Asset Resolution A 4.007 12/31/2023 EUR 1.168
Moby SpA 7.750 2/15/2023 EUR 60.090
Commerzbank AG 1.400 7/21/2031 EUR 73.351
Region Provence-Alpes-C 0.785 6/18/2040 EUR 60.771
Region Wallonne Belgium 1.220 6/12/2050 EUR 54.312
Banque Internationale a 0.670 6/29/2030 EUR 74.814
Elli Finance UK PLC 8.750 6/15/2019 GBP 42.613
Region Auvergne-Rhone-A 0.805 7/26/2039 EUR 64.043
Vasakronan AB 1.700 6/28/2044 EUR 41.745
Single Platform Investm 0.870 6/20/2043 EUR 56.329
Single Platform Investm 0.950 5/17/2038 EUR 64.292
Societe Generale SA 1.700 1/19/2031 USD 71.896
Orpea SA 2.770 12/18/2028 EUR 27.679
Metropole de Lyon 0.500 12/28/2048 EUR 45.602
Purple Protected Asset 1.518 1/25/2061 EUR 62.234
Purple Protected Asset 1.565 12/23/2060 EUR 59.826
Department of Loiret Fr 0.550 12/18/2045 EUR 50.689
Metropole de Lyon 0.500 12/28/2049 EUR 44.274
UBS AG/London 16.300 1/8/2024 EUR 26.040
Metropole de Lyon 0.376 12/22/2044 EUR 49.690
Senvion Holding GmbH 3.875 10/25/2022 EUR 0.145
BKS Bank AG 1.390 1/19/2032 EUR 74.337
Caisse des Depots et Co 2.205 9/28/2041 AUD 60.889
Centre Hospitalier Regi 0.800 6/28/2041 EUR 61.230
Credit Agricole SA 3.270 10/5/2041 AUD 58.233
Single Platform Investm 2.600 7/30/2036 NOK 71.713
AutoWallis Nyrt 3.000 7/27/2031 HUF 66.800
Hungary Government Bond 4.000 4/28/2051 HUF 60.559
Bausparkasse Wuestenrot 1.830 4/3/2043 EUR 73.817
Nostrum Oil & Gas Finan 7.000 2/16/2025 USD 27.496
Credit Suisse AG/London 5.200 11/27/2023 USD 9.780
Parnassia Groep BV 1.430 12/1/2043 EUR 63.612
DNB Boligkreditt AS 1.530 1/25/2039 EUR 74.301
Vasakronan AB 2.533 1/28/2044 EUR 46.881
Single Platform Investm 2.150 8/5/2036 NOK 66.766
Assistance Publique Hop 0.750 12/3/2041 EUR 61.176
Landesbank Baden-Wuertt 0.660 11/9/2034 EUR 67.379
Single Platform Investm 1.830 11/5/2040 EUR 64.622
Single Platform Investm 1.390 6/25/2044 EUR 62.522
Societe Generale SA 2.000 2/26/2033 USD 72.107
MFB Magyar Fejlesztesi 4.200 4/20/2033 HUF 74.349
Raiffeisen Schweiz Geno 7.700 11/8/2023 CHF 34.030
Brussels Municipalities 0.336 12/15/2035 EUR 66.990
Credit Industriel Et Co 0.900 2/4/2041 EUR 58.889
Landesbank Baden-Wuertt 0.100 3/5/2031 EUR 73.144
Grand Delta Habitat 1.750 10/28/2061 EUR 67.719
BPCE SA 2.250 3/13/2040 AUD 51.191
Banque Internationale a 0.600 8/6/2030 EUR 74.270
Regie Autonome des Tran 0.953 5/24/2052 EUR 51.969
Saastopankkien Keskuspa 0.860 1/18/2036 EUR 64.212
Landesbank Baden-Wuertt 0.150 9/20/2030 EUR 73.907
Credit Suisse AG/London 0.900 12/20/2031 EUR 73.185
Landesbank Hessen-Thuer 0.750 11/17/2036 EUR 66.700
Bazalgette Finance Plc 0.174 5/16/2049 GBP 57.985
Agence France Locale 0.570 9/20/2040 EUR 60.817
Norske Skog Holding AS 8.000 2/24/2023 USD 0.006
Nordea Hypotek AB 0.793 10/22/2032 SEK 74.257
Lehman Brothers Treasur 5.666 3/16/2035 EUR 0.100
Rosbank PJSC 0.010 4/30/2024 RUB 63.000
Rosbank PJSC 0.020 4/30/2024 RUB 63.000
Officine Maccaferri-SpA 5.750 6/1/2021 EUR 16.625
United Utilities Water 1.474 8/24/2031 USD 71.057
Luminis SA 1.800 9/2/2059 EUR 42.832
LR Realkredit AS 0.500 10/1/2050 DKK 63.380
Deutsche Pfandbriefbank 0.857 9/18/2037 EUR 53.580
Deutsche Telekom AG 3.500 9/6/2039 AUD 72.144
Nomura Bank Internation 1.138 12/19/2039 EUR 55.967
SG Issuer SA 2.250 10/28/2029 EUR 72.120
Erste Group Bank AG 0.770 11/13/2033 EUR 66.113
Commerzbank AG 1.219 12/12/2039 EUR 63.056
Oberbank AG 2.280 6/22/2038 EUR 64.749
IBP Markets Ltd 5.000 GBP 50.514
Zurcher Kantonalbank Fi 4.800 12/8/2023 CHF 61.420
Landesbank Hessen-Thuer 0.500 2/2/2032 EUR 71.719
Bayerische Landesbank 1.620 4/8/2036 EUR 72.552
Caisse des Depots et Co 1.767 9/28/2048 EUR 65.559
Commerzbank AG 1.155 3/16/2038 EUR 73.405
Avanti Communications G 9.000 10/1/2022 USD 14.250
Landesbank Hessen-Thuer 0.900 5/12/2036 EUR 65.069
Windreich GmbH 6.500 3/1/2015 EUR 2.780
Single Platform Investm 1.715 2/6/2037 EUR 74.715
SpareBank 1 SR-Bank ASA 0.970 10/9/2040 EUR 53.844
New World Resources NV 8.000 4/7/2020 EUR 0.105
Societe Generale SA 4.039 11/26/2034 USD 63.268
Nederlandse Waterschaps 1.950 8/29/2058 EUR 68.396
Grupo Isolux Corsan SA 1.000 12/30/2021 EUR 0.157
Single Platform Investm 0.960 7/22/2038 EUR 63.294
Leonteq Securities AG/G 20.200 11/14/2023 CHF 28.840
Single Platform Investm 1.413 3/20/2051 EUR 58.133
STAVMAT Epitoanyag Kere 3.000 7/20/2031 HUF 72.400
Spain Government Bond 0.850 7/30/2037 EUR 68.243
NRW Bank 1.245 11/4/2051 EUR 61.850
ABN AMRO Bank NV 1.575 1/25/2040 EUR 73.660
Agence Francaise de Dev 1.790 2/8/2049 EUR 68.372
Societe Du Grand Paris 2.145 11/26/2068 EUR 60.554
Erste Group Bank AG 1.850 1/30/2034 EUR 73.013
NIBC Bank NV 0.660 7/14/2031 EUR 68.370
Republic of Ireland Int 1.250 10/8/2121 EUR 43.114
Unibail-Rodamco-Westfie 2.000 12/5/2033 EUR 73.569
Regie Autonome des Tran 0.938 5/25/2050 EUR 51.712
Republic of Ireland Int 1.200 4/15/2120 EUR 40.596
Berlin Hyp AG 0.750 3/4/2050 EUR 53.939
SG Issuer SA 2.270 2/4/2032 EUR 62.770
Muenchener Hypothekenba 1.003 3/9/2060 EUR 49.709
Caisse Francaise de Fin 1.428 2/19/2049 EUR 63.311
Belfius Bank SA 0.190 1/28/2031 EUR 73.600
Berlin Hyp AG 0.110 1/20/2031 EUR 73.167
NRW Bank 1.235 12/16/2061 EUR 55.130
Credit Agricole Corpora 2.400 5/17/2048 EUR 50.822
BNP Paribas SA 3.590 7/20/2040 AUD 66.209
Ukraine Government Inte 7.253 3/15/2035 USD 27.636
Cooperatieve Rabobank U 0.540 8/3/2040 EUR 60.011
Veneto Banca SpA 6.944 5/15/2025 EUR 0.708
United Kingdom Gilt 0.500 10/22/2061 GBP 29.359
Barclays Bank PLC 2.820 6/2/2035 USD 71.539
Vnesheconombank Via VEB 6.025 7/5/2022 USD 7.295
BNP Paribas SA 0.500 11/16/2032 MXN 37.821
Orient Express Bank PJS 2.000 USD 13.372
Pannonia Bio Ltd 2.400 9/18/2029 HUF 72.850
State of Hesse 0.450 9/23/2044 EUR 53.601
DZ HYP AG 1.965 7/19/2058 EUR 64.965
State of Rhineland-Pala 0.375 7/20/2048 EUR 47.237
JP Morgan Structured Pr 5.000 7/14/2027 USD #N/A N/A
Ukraine Government Bond 8.520 11/10/2033 UAH 24.795
Ukraine Government Bond 9.760 7/23/2031 UAH 30.892
Ukraine Government Bond 19.750 5/21/2025 UAH 72.353
Lehman Brothers Treasur 0.250 10/19/2012 CHF 0.100
Zurcher Kantonalbank Fi 5.450 12/8/2023 USD 60.970
Deutsche Pfandbriefbank 0.710 9/10/2031 EUR 69.261
Nederlandse Waterschaps 1.610 12/4/2052 EUR 66.929
Bayerische Landesbank 3.550 10/14/2036 EUR 71.440
Lehman Brothers Treasur 3.700 6/6/2009 EUR 0.100
Lehman Brothers Treasur 4.500 8/2/2009 USD 0.100
Lehman Brothers Treasur 7.375 9/20/2008 EUR 0.100
Lehman Brothers Treasur 10.500 8/9/2010 EUR 0.100
Lehman Brothers Treasur 5.750 6/15/2009 CHF 0.100
Lehman Brothers Treasur 11.000 6/29/2009 EUR 0.100
Lehman Brothers Treasur 8.000 8/3/2009 USD 0.100
Trans-Sped Logisztikai 2.500 3/16/2030 HUF 72.620
SpareBank 1 SMN 0.190 11/6/2030 EUR 73.456
Kommunekredit 0.869 11/12/2043 SEK 58.082
Agence France Locale 0.210 12/20/2035 EUR 66.642
Kreditanstalt fuer Wied 1.110 7/13/2046 EUR 65.317
DZ HYP AG 1.300 7/18/2041 EUR 68.007
Barclays Bank PLC 3.130 4/9/2051 USD 59.005
EFG International Finan 6.120 7/11/2024 EUR 1.690
BNP Paribas SA 1.050 3/29/2036 EUR 67.036
Norddeutsche Landesbank 0.850 12/7/2035 EUR 62.825
Landesbank Baden-Wuertt 0.430 12/9/2030 EUR 74.918
Golden Gate GmbH 6.500 10/11/2014 EUR 36.200
Leonteq Securities AG/G 28.880 11/17/2023 CHF 64.700
Societe Generale SA 15.000 9/29/2025 USD 12.100
Renovables Atlasol SA 2.200 12/31/2038 EUR 68.691
Region Wallonne Belgium 1.130 3/28/2036 EUR 73.745
Santander Consumer Bank 9.430 NOK 60.954
Baromfi-Coop Termelo Es 3.000 7/19/2031 HUF 71.900
Penarian Housing Financ 3.212 6/7/2052 GBP 66.754
State of Saxony-Anhalt 0.475 9/30/2050 EUR 49.376
Kommunalkredit Austria 1.055 10/6/2031 EUR 71.844
ING Bank NV 0.465 4/21/2041 EUR 61.351
Single Platform Investm 0.800 12/20/2040 EUR 61.540
Landesbank Baden-Wuertt 0.510 4/15/2031 EUR 74.507
State of Lower Austria 1.800 3/9/2043 EUR 73.595
State of Lower Austria 1.886 3/2/2048 EUR 71.235
Parnassia Groep BV 1.470 12/1/2045 EUR 61.983
Ile-de-France Mobilites 1.000 12/2/2043 EUR 60.618
Batigere Grand Est SAHL 1.500 12/15/2051 EUR 55.326
Commerzbank AG 2.350 2/24/2042 EUR 74.187
Single Platform Investm 0.767 2/15/2041 EUR 58.585
Muenchener Hypothekenba 0.145 2/26/2031 EUR 74.414
Hell Energy Magyarorsza 3.000 7/28/2031 HUF 73.600
Serbia Treasury Bonds 2.250 2/26/2041 EUR 62.961
Caisse des Depots et Co 2.940 3/2/2051 AUD 62.434
Muenchener Hypothekenba 0.550 2/18/2046 CHF 66.613
State of North Rhine-We 0.200 7/17/2034 EUR 72.412
SpareBank 1 Boligkredit 1.490 12/14/2038 EUR 73.819
SpareBank 1 SR-Bank ASA 1.020 10/8/2036 EUR 61.973
Premium Green PLC 1.650 3/28/2031 AUD 72.466
Communication Technolog 5.250 1/27/2032 HUF 65.000
LP Portfolio Vagyonkeze 3.400 9/23/2031 HUF 62.250
Grand City Properties S 2.800 2/25/2039 EUR 60.763
HSBC Continental Europe 2.200 2/27/2049 EUR 67.561
Raiffeisenlandesbank Ob 1.900 8/21/2037 EUR 63.968
UBS AG/London 5.000 9/8/2023 CHF 56.600
UBS AG/London 11.500 10/6/2023 CHF 74.000
DZ Bank AG Deutsche Zen 0.800 1/21/2041 EUR 62.285
Landesbank Baden-Wuertt 0.080 2/12/2031 EUR 73.204
Erste Group Bank AG 4.500 8/31/2025 EUR 72.400
DZ Bank AG Deutsche Zen 0.400 9/1/2033 EUR 72.755
Region Wallonne Belgium 2.100 6/26/2048 EUR 69.559
Akademiska Hus AB 2.305 5/16/2040 SEK 74.140
Bazalgette Finance Plc 0.074 5/16/2049 GBP 60.755
Societe Wallonne de Fin 0.913 7/31/2040 EUR 60.808
Norske Skog Holding AS 8.000 2/24/2023 USD 0.006
Batigere Grand Est SAHL 1.600 11/14/2039 EUR 67.859
Republic of Ireland Int 2.000 6/29/2063 EUR 67.645
Tonon Luxembourg SA 12.500 5/14/2024 USD 0.001
State of North Rhine-We 1.650 5/16/2047 EUR 71.236
Bothwell Spain SA 2.637 6/30/2038 EUR 71.281
DNB Boligkreditt AS 1.533 1/27/2042 EUR 71.501
Agence Francaise de Dev 2.360 1/30/2045 AUD 58.521
Ministeries Van de Vlaa 1.564 11/12/2046 EUR 64.021
Lloyds Bank PLC 2.480 7/5/2038 SEK 69.980
Thomas Cook Group PLC 6.250 6/15/2022 EUR 0.499
Deutsche Apotheker-und 1.090 12/16/2039 EUR 59.134
Heta Asset Resolution A 5.270 12/31/2023 EUR 1.168
Societe Du Grand Paris 1.955 4/16/2069 EUR 58.668
HSBC Continental Europe 2.136 5/25/2038 EUR 73.755
Ukraine Government Bond 8.420 5/10/2034 UAH 24.168
Societe Generale SA 9.640 9/12/2024 USD 49.900
Landesbank Hessen-Thuer 0.500 10/14/2031 EUR 73.441
Spain Government Bond 1.000 7/30/2042 EUR 60.870
Kreditanstalt fuer Wied 1.201 9/13/2051 EUR 61.650
EFG International Finan 10.000 9/20/2023 USD 57.680
Municipality of Eindhov 1.134 10/18/2066 EUR 64.786
Communaute Francaise de 2.000 4/14/2076 EUR 63.463
Raiffeisen Landesbank V 2.000 8/28/2048 EUR 72.287
Irish Bank Resolution C 6.750 11/30/2013 BGN 33.250
Landesbank Hessen-Thuer 1.500 1/20/2037 EUR 63.150
Credit Mutuel Arkea SA 2.060 9/21/2038 EUR 70.671
Norddeutsche Landesbank 1.600 8/1/2039 EUR 63.387
Nederlandse Waterschaps 1.551 11/24/2061 EUR 62.157
Centre Hospitalier Univ 1.160 9/6/2039 EUR 63.936
Irish Bank Resolution C 4.000 4/23/2018 EUR 33.250
DLR Kredit A/S 0.500 10/1/2053 DKK 63.393
Berlin Hyp AG 0.130 9/29/2032 EUR 74.195
Saastopankkien Keskuspa 0.840 10/22/2035 EUR 64.417
Norske Skogindustrier A 2.000 12/30/2115 EUR 0.367
HYPO NOE Landesbank fue 2.950 6/7/2046 EUR 74.145
Transports publics frib 0.500 6/27/2041 CHF 74.245
State of North Rhine-We 0.880 7/12/2040 EUR 67.825
BNP Paribas SA 0.500 9/29/2029 AUD 70.156
Batigere Grand Est SAHL 2.030 5/29/2070 EUR 67.411
Danske Bank A/S 0.805 8/12/2036 EUR 70.349
Caisse Francaise de Fin 1.555 2/12/2042 EUR 71.329
Sparkasse Oberoesterrei 0.200 3/22/2033 EUR 73.507
Assistance Publique Hop 0.800 3/23/2046 EUR 54.004
NRW Bank 1.070 3/10/2051 EUR 59.466
Landesbank Baden-Wuertt 0.060 1/20/2031 EUR 73.284
Hypo Vorarlberg Bank AG 0.400 12/22/2031 EUR 68.623
Single Platform Investm 2.000 2/1/2039 EUR 73.991
Vnesheconombank Via VEB 5.942 11/21/2023 USD 9.666
Credit Agricole Corpora 0.900 10/1/2034 EUR 67.521
State of Lower Austria 0.460 10/8/2049 EUR 45.836
Region Wallonne Belgium 1.225 9/2/2120 EUR 34.350
Stadt Graz 1.824 10/31/2047 EUR 69.532
Landesbank Baden-Wuertt 0.150 8/11/2031 EUR 72.078
Nordea Hypotek AB 2.250 10/15/2048 SEK 70.598
Nomura Bank Internation 1.150 10/6/2036 EUR 64.127
Ile-de-France Mobilites 1.200 4/8/2050 EUR 55.027
Region Wallonne Belgium 1.550 4/28/2120 EUR 40.363
Landeskreditbank Baden- 0.730 10/4/2050 EUR 53.747
Landesbank Baden-Wuertt 0.200 5/7/2031 EUR 73.230
Corner Banca SA 22.000 3/20/2024 CHF 54.640
Bayerische Landesbank 0.150 4/9/2031 EUR 73.669
Bayerische Landesbank 0.590 5/27/2031 EUR 74.552
Deutsche Bank AG 0.650 6/3/2031 EUR 71.710
UBS AG/London 12.250 3/11/2024 CHF 32.500
Muenchener Hypothekenba 0.867 2/25/2047 EUR 58.755
Barclays Bank PLC 4.100 1/29/2048 USD 70.961
Caisse des Depots et Co 1.780 1/15/2048 EUR 66.048
Alfa-Bank AO 10.200 2/10/2025 RUB 65.000
Hamburgische Investitio 0.380 2/24/2042 EUR 59.574
Landwirtschaftliche Ren 1.365 3/10/2042 EUR 72.515
Santander International 1.100 12/7/2040 EUR 58.269
Landesbank Baden-Wuertt 0.460 12/30/2030 EUR 74.948
Single Platform Investm 3.505 8/6/2046 AUD 58.359
Liga Bank eG Regensburg 0.010 1/29/2036 EUR 63.048
Kreditanstalt fuer Wied 0.600 2/16/2051 EUR 51.780
Portugal Obrigacoes do 1.000 4/12/2052 EUR 52.503
Bayerische Landesbank 0.450 2/12/2031 EUR 74.182
Caisse Francaise de Fin 1.670 12/7/2048 EUR 67.316
Societe Generale SA 2.750 3/12/2040 AUD 52.917
BNP Paribas SA 1.660 3/4/2031 USD 72.617
Region de Bruxelles-Cap 1.225 6/21/2070 EUR 39.875
Zurcher Kantonalbank Fi 17.000 9/4/2023 EUR 47.740
Nomura Bank Internation 1.380 1/19/2037 EUR 66.440
Standard Chartered Bank 3.040 1/18/2042 USD 68.917
Landesbank Baden-Wuertt 10.000 1/26/2024 EUR 34.640
Landesbank Baden-Wuertt 0.300 6/18/2031 EUR 73.519
MMB SCF SACA 1.500 3/1/2039 EUR 74.269
Raiffeisen-Landesbank T 0.550 1/20/2031 EUR 71.487
Barclays Bank PLC 2.230 1/26/2036 USD 65.254
Societe Generale SA 1.950 10/22/2031 USD 74.730
Bayerische Landesbank 0.020 1/28/2031 EUR 73.663
Specialfastigheter Sver 2.375 6/25/2048 SEK 70.404
Credit Agricole Corpora 2.090 5/9/2038 EUR 73.979
Leonteq Securities AG/G 24.000 12/5/2023 CHF 72.100
Russian Foreign Bond - 5.250 6/23/2047 USD 36.976
UniCredit SpA 1.490 10/23/2035 EUR 69.436
Virgolino de Oliveira F 10.875 1/13/2020 USD 36.000
Lithuania Government In 2.100 5/26/2047 EUR 73.756
B+N Referencia Ipari Ke 2.900 12/20/2029 HUF 70.800
BPCE SA 2.820 12/18/2039 AUD 57.105
Kraus-M ZAO 10.000 12/10/2026 RUB 60.050
Natixis SA 3.210 1/29/2050 AUD 53.712
Ville de Paris 1.200 6/25/2039 EUR 69.803
Joh Friedrich Behrens A 6.250 6/18/2024 EUR 8.453
Lloyds Bank PLC 2.450 7/23/2048 EUR 64.152
Landesbank Baden-Wuertt 0.200 3/26/2031 EUR 73.592
Bayerische Landesbank 0.820 11/29/2033 EUR 70.840
Bayerische Landesbank 0.870 11/29/2034 EUR 69.214
DZ Bank AG Deutsche Zen 0.910 6/25/2029 EUR 72.370
Bayerische Landesbank 0.900 11/29/2035 EUR 67.514
Kreditanstalt fuer Wied 0.935 12/16/2039 EUR 69.590
Norddeutsche Landesbank 1.000 10/26/2035 EUR 64.398
Bayerische Landesbank 1.690 4/23/2037 EUR 73.389
Credit Agricole SA/Lond 1.770 4/26/2035 EUR 73.506
Barclays Bank PLC 1.150 9/27/2034 EUR 71.917
Santander International 1.180 12/5/2034 EUR 71.100
Agence Francaise de Dev 2.114 9/8/2034 AUD 71.933
Communaute Francaise de 1.815 3/26/2049 EUR 65.387
Ukraine Government Bond 11.870 1/6/2027 UAH 55.110
Banca Popolare di Vicen 9.500 10/2/2025 EUR 0.380
DZ Bank AG Deutsche Zen 2.400 6/28/2024 EUR 73.610
BPCE SA 2.450 2/24/2035 AUD 63.549
HSBC Continental Europe 2.040 3/29/2049 EUR 64.752
UBS AG 10.000 10/19/2023 USD 61.290
Republic of Poland Gove 2.000 10/25/2046 EUR 67.568
Landesbank Hessen-Thuer 1.500 8/23/2034 EUR 68.600
BNP Paribas Issuance BV 3.000 3/14/2033 EUR 41.340
LSF9 Balta Issuer SARL 3.000 12/31/2030 EUR 63.817
DZ Bank AG Deutsche Zen 0.700 11/30/2035 EUR 64.041
Serbia Treasury Bonds 2.300 3/18/2047 EUR 57.954
Lehman Brothers Treasur 4.680 12/12/2045 EUR 0.100
Portugal Telecom Intern 5.242 11/6/2017 EUR 0.694
Barclays Bank PLC 1.630 11/16/2030 USD 74.910
Grand Delta Habitat 1.285 11/6/2040 EUR 62.499
LFA Foerderbank Bayern 0.050 9/29/2034 EUR 70.018
Bayerische Landesbank 0.800 10/16/2036 EUR 65.333
Muenchener Hypothekenba 0.270 10/19/2035 EUR 67.608
Kreditanstalt fuer Wied 0.613 6/10/2040 EUR 61.797
Landesbank Baden-Wuertt 0.980 7/15/2032 EUR 74.801
Santander International 1.150 4/8/2041 EUR 57.579
Landesbank Baden-Wuertt 0.500 4/16/2031 EUR 74.437
Landesbank Saar 0.670 3/10/2034 EUR 68.882
Leonteq Securities AG/G 16.000 12/20/2023 GBP 62.560
UBS AG/London 8.440 5/26/2027 SEK 71.320
French Republic Governm 0.500 6/25/2044 EUR 57.352
Single Platform Investm 1.650 6/3/2038 EUR 71.504
Landesbank Baden-Wuertt 0.350 1/20/2031 EUR 74.119
AB Financial Products D 3.714 7/30/2040 EUR 64.469
Portugal Obrigacoes do 1.150 4/11/2042 EUR 66.015
Caisse des Depots et Co 1.075 9/15/2050 EUR 51.998
BNP Paribas Issuance BV 1.560 2/2/2039 EUR 55.400
Region Wallonne Belgium 2.057 10/19/2043 EUR 71.597
Nederlandse Waterschaps 1.928 10/23/2048 EUR 74.511
Santander Consumer Bank 9.430 NOK 60.954
Landesbank Hessen-Thuer 0.750 8/18/2036 EUR 63.036
Landesbank Hessen-Thuer 1.000 8/19/2036 EUR 62.750
Progressio Infrastructu 1.250 4/25/2033 EUR 74.819
Landesbank Hessen-Thuer 0.500 8/20/2031 EUR 73.778
UBS AG/London 14.500 10/13/2023 USD 54.450
Single Platform Investm 1.785 7/30/2042 EUR 68.856
Single Platform Investm 1.150 8/17/2033 EUR 74.398
Liga Bank eG Regensburg 0.680 3/17/2036 EUR 64.335
Single Platform Investm 0.930 7/2/2041 EUR 59.276
Assistance Publique Hop 1.183 4/16/2050 EUR 55.031
Purple Protected Asset 2.100 4/15/2060 EUR 42.425
CDC Habitat SEM 1.043 5/12/2036 EUR 68.865
Citigroup Global Market 1.010 10/28/2035 EUR 66.511
Single Platform Investm 0.810 4/1/2042 EUR 57.054
Credit Mutuel Arkea SA 1.555 5/14/2035 EUR 72.136
Landesbank Baden-Wuertt 1.100 5/7/2040 EUR 60.413
Caisse des Depots et Co 1.300 4/28/2051 EUR 54.951
Single Platform Investm 2.070 6/1/2040 NOK 62.629
DZ Privatbank SA 0.360 4/29/2031 EUR 74.834
Landesbank Saar 0.890 9/4/2034 EUR 69.358
Single Platform Investm 2.450 6/10/2037 NOK 69.297
State of North Rhine-We 2.000 4/16/2038 SEK 73.485
Cie de Financement Fonc 1.887 1/31/2049 EUR 70.374
Citigroup Global Market 2.000 3/21/2037 EUR 73.825
BNP Paribas SA 2.100 1/24/2039 EUR 74.007
BKS Bank AG 1.500 3/18/2032 EUR 74.478
Banque Internationale a 0.750 4/15/2031 EUR 73.080
Ingrad AO 11.000 2/27/2030 RUB 63.000
Region Bourgogne-Franch 0.799 5/6/2041 EUR 61.476
Region Bourgogne-Franch 0.841 5/12/2037 EUR 66.325
Nordea Bank Abp 3.050 7/20/2026 SEK 70.000
Single Platform Investm 1.960 8/1/2034 NOK 70.103
Denmark Government Bond 0.250 11/15/2052 DKK 49.350
Agence Francaise de Dev 1.950 11/19/2053 EUR 63.595
Department of Bouches d 0.872 12/18/2037 EUR 69.027
Single Platform Investm 1.480 7/25/2053 EUR 59.202
Barclays Bank PLC 2.975 2/21/2025 USD 9.987
Region Bourgogne-Franch 0.895 5/20/2038 EUR 68.354
Natixis SA 0.300 6/25/2048 USD 29.048
Centre Hospitalier Beau 0.950 2/5/2041 EUR 60.114
Oberoesterreichische La 0.705 1/29/2036 EUR 56.323
Oberoesterreichische La 0.460 2/3/2031 EUR 70.729
Region of Pays de la Lo 0.924 11/4/2044 EUR 57.710
Kreditanstalt fuer Wied 0.965 3/2/2046 EUR 60.489
Credit Agricole SA 3.450 3/4/2041 AUD 53.191
Single Platform Investm 0.940 10/4/2041 EUR 59.011
Deutschsprachige Gemein 1.004 7/1/2036 EUR 72.294
Bank fuer Kirche und Ca 0.800 11/12/2035 EUR 66.280
Bank fuer Kirche und Ca 0.770 10/12/2035 EUR 66.195
Bank fuer Kirche und Ca 0.450 7/1/2031 EUR 74.521
Single Platform Investm 1.033 2/15/2046 EUR 56.116
Liga Bank eG Regensburg 0.650 6/26/2034 EUR 67.922
Single Platform Investm 0.656 2/15/2046 EUR 50.697
Single Platform Investm 1.010 3/20/2051 EUR 53.675
Single Platform Investm 0.901 2/15/2041 EUR 60.601
Frankfurter Volksbank R 0.100 7/15/2031 EUR 71.557
Region Occitanie 0.727 11/16/2037 EUR 67.641
Single Platform Investm 1.785 2/15/2041 EUR 70.918
Single Platform Investm 1.416 2/15/2041 EUR 66.259
Single Platform Investm 1.840 11/5/2040 EUR 71.580
Single Platform Investm 0.860 6/15/2039 EUR 61.290
Region de Bruxelles-Cap 1.065 6/22/2047 EUR 54.566
Single Platform Investm 1.375 7/25/2053 EUR 57.530
Single Platform Investm 1.051 4/1/2042 EUR 60.231
Credit Agricole Corpora 2.480 3/4/2036 USD 68.366
Norddeutsche Landesbank 0.675 2/25/2033 EUR 69.130
NRW Bank 0.120 2/24/2033 EUR 74.929
Single Platform Investm 2.300 2/25/2036 NOK 69.896
Vasakronan AB 2.400 2/25/2033 NOK 73.661
Region Bourgogne-Franch 0.300 12/3/2040 EUR 56.020
Metropole de Lyon 0.540 12/7/2050 EUR 43.761
Brussels Municipalities 0.384 6/15/2035 EUR 68.756
Single Platform Investm 2.230 4/4/2040 NOK 63.796
Landesbank Hessen-Thuer 1.000 8/18/2036 EUR 65.402
Single Platform Investm 1.075 6/26/2052 EUR 52.562
Liga Bank eG Regensburg 0.760 12/8/2036 EUR 63.684
Societe Generale SA 20.000 12/18/2025 USD 25.600
Single Platform Investm 0.800 4/7/2042 EUR 56.893
DZ HYP AG 0.050 1/31/2031 EUR 74.450
DZ Bank AG Deutsche Zen 0.185 2/5/2031 EUR 73.478
Single Platform Investm 2.210 9/27/2038 NOK 65.765
Finland Government Bond 0.125 4/15/2052 EUR 43.706
Raiffeisen-Landesbank T 1.500 2/10/2061 EUR 38.333
ING Bank NV 2.600 10/19/2031 AUD 73.238
Single Platform Investm 0.780 4/1/2042 EUR 56.733
Nederlandse Waterschaps 1.770 12/28/2048 EUR 71.783
Muenchener Hypothekenba 0.105 2/17/2031 EUR 74.047
Single Platform Investm 2.520 1/18/2040 NOK 67.375
Commerzbank AG 1.250 6/28/2034 EUR 73.275
Centre Hospitalier Regi 1.500 4/27/2050 EUR 72.913
Region de Bruxelles-Cap 0.900 4/14/2050 EUR 48.905
Landesbank Hessen-Thuer 1.000 4/30/2035 EUR 68.000
Landesbank Hessen-Thuer 0.600 4/9/2035 EUR 64.893
Admiralty Finance SA 2.650 12/31/2038 EUR 74.224
Single Platform Investm 0.955 2/15/2041 EUR 55.341
BPCE SA 2.255 3/12/2040 AUD 50.936
Region de Bruxelles-Cap 0.500 6/22/2040 EUR 57.612
Credit Agricole Corpora 10.800 3/24/2026 TRY 65.455
UniCredit Bank AG 0.030 2/28/2033 EUR 71.958
Raiffeisenlandesbank Ob 2.310 2/27/2040 EUR 67.641
DZ Bank AG Deutsche Zen 0.780 3/5/2030 EUR 72.942
Frigate Luxembourg SA 2.000 8/1/2032 EUR 48.871
Single Platform Investm 1.490 3/20/2051 EUR 60.052
Single Platform Investm 0.833 2/15/2041 EUR 58.971
Muenchener Hypothekenba 0.270 6/16/2031 EUR 74.033
Landesbank Hessen-Thuer 0.350 7/23/2031 EUR 73.831
Raiffeisen Landesbank V 0.750 10/10/2031 EUR 70.072
Banque et Caisse d'Epar 1.068 5/18/2041 EUR 69.737
Single Platform Investm 1.165 7/30/2035 EUR 71.239
Single Platform Investm 2.770 5/9/2041 NOK 68.790
Norddeutsche Landesbank 0.950 6/16/2033 EUR 70.064
Department of Bouches d 0.855 5/20/2038 EUR 67.907
Basler Kantonalbank 18.000 9/14/2023 CHF 40.100
Liga Bank eG Regensburg 0.250 4/30/2031 EUR 71.416
NRW Bank 0.750 5/26/2036 EUR 73.331
Banque et Caisse d'Epar 1.220 5/26/2041 EUR 71.349
Region Bourgogne-Franch 0.945 5/20/2039 EUR 66.904
Caisse des Depots et Co 0.945 5/19/2051 EUR 50.099
Department of Bouches d 0.906 5/20/2039 EUR 66.448
BKS Bank AG 1.050 11/30/2031 EUR 72.442
Single Platform Investm 1.165 6/6/2046 EUR 56.197
DZ Bank AG Deutsche Zen 1.580 12/29/2031 EUR 73.190
Frankfurter Volksbank R 0.050 8/4/2030 EUR 74.240
Batigere Grand Est SAHL 1.400 8/31/2050 EUR 53.506
Single Platform Investm 1.840 7/25/2053 EUR 60.009
Single Platform Investm 1.100 6/25/2044 EUR 58.340
Oberoesterreichische La 0.600 5/26/2031 EUR 70.464
Kommunalkredit Austria 1.183 6/2/2031 EUR 73.576
Ringkjoebing Landbobank 1.230 5/28/2036 EUR 68.988
Societe Generale SA 14.000 7/3/2024 USD 35.600
Sparebank 1 Oestlandet 1.575 2/28/2034 EUR 74.149
Caisse des Depots et Co 1.617 3/18/2049 EUR 62.831
Nationale-Nederlanden B 1.432 3/21/2039 EUR 73.413
Single Platform Investm 1.800 6/6/2039 EUR 72.775
Landeskreditbank Baden- 1.862 4/6/2062 EUR 68.909
Single Platform Investm 2.386 5/25/2053 EUR 73.781
Single Platform Investm 2.150 10/21/2041 NOK 62.376
Landesbank Baden-Wuertt 0.040 1/15/2031 EUR 73.613
Oberoesterreichische La 0.655 1/25/2036 EUR 55.909
NIBC Bank NV 0.410 1/27/2031 EUR 68.532
Credit Industriel Et Co 2.250 1/28/2036 USD 66.919
Single Platform Investm 1.910 8/15/2036 NOK 65.442
Iccrea BancaImpresa SpA 1.276 4/1/2033 EUR 73.787
Citigroup Global Market 1.000 8/31/2036 EUR 63.968
Nederlandse Waterschaps 0.130 9/6/2033 EUR 73.470
Raiffeisen Switzerland 5.000 8/30/2023 CHF 72.290
Credit Agricole CIB Fin 0.440 8/30/2033 EUR 67.973
Bank fuer Kirche und Ca 0.660 3/17/2036 EUR 64.167
Citigroup Global Market 1.200 8/25/2041 EUR 57.954
Bank fuer Kirche und Ca 0.600 6/9/2036 EUR 63.058
Region Occitanie 0.792 11/23/2043 EUR 57.203
Landesbank Baden-Wuertt 0.060 9/1/2031 EUR 71.311
Landesbank Hessen-Thuer 0.550 8/18/2033 EUR 68.690
Muenchener Hypothekenba 0.100 8/14/2034 EUR 68.860
BPCE SA 3.000 11/18/2036 AUD 64.304
Single Platform Investm 1.265 2/4/2043 JPY 72.071
Commerzbank AG 2.565 5/15/2043 EUR 74.563
Single Platform Investm 1.842 2/15/2044 EUR 70.623
Department of Puy-de-Do 0.664 12/20/2039 EUR 62.423
Department of Puy-de-Do 0.671 7/17/2040 EUR 61.370
DZ Bank AG Deutsche Zen 0.800 8/20/2035 EUR 65.059
Caisse des Depots et Co 0.678 7/23/2040 EUR 58.967
Batigere Grand Est SAHL 1.800 8/12/2050 EUR 60.011
Single Platform Investm 0.678 2/15/2041 EUR 56.819
Saastopankkien Keskuspa 0.870 7/28/2031 EUR 74.959
Batigere Grand Est SAHL 1.550 8/12/2041 EUR 64.329
Banque et Caisse d'Epar 0.900 8/6/2042 EUR 66.000
Kuntarahoitus Oyj 0.983 11/3/2060 EUR 56.262
Single Platform Investm 0.873 5/25/2052 EUR 49.252
HYPO NOE Landesbank fue 2.500 4/29/2039 EUR 73.067
Raiffeisen Landesbank V 2.500 5/11/2035 EUR 72.942
Credit Industriel Et Co 1.550 5/15/2035 EUR 74.854
Veneto Banca SpA 6.950 2/25/2025 EUR 0.708
Raiffeisen Landesbank V 1.840 2/25/2035 EUR 68.088
Raiffeisen Landesbank V 1.775 3/13/2035 EUR 67.352
Heta Asset Resolution A 5.030 12/31/2023 EUR 1.168
IT Holding Finance SA 9.875 11/15/2012 EUR 0.015
Akademiska Hus AB 1.252 2/13/2043 SEK 58.176
Willhem AB 1.824 10/18/2038 SEK 62.394
DekaBank Deutsche Giroz 0.780 10/18/2035 EUR 65.543
Ville de Rennes 0.505 10/22/2034 EUR 67.794
Single Platform Investm 2.110 4/2/2040 EUR 74.899
Batigere Grand Est SAHL 1.709 11/4/2042 EUR 64.651
Batigere Grand Est SAHL 1.540 11/4/2041 EUR 63.875
Single Platform Investm 0.753 6/25/2039 EUR 60.393
Ringkjoebing Landbobank 1.100 10/30/2035 EUR 68.838
Landesbank Berlin AG 2.058 11/4/2031 EUR 74.835
Communaute Francaise de 1.787 6/14/2044 EUR 68.288
SNCF Reseau 2.425 6/22/2047 SEK 74.341
Goldman Sachs Internati 2.800 6/29/2037 SEK 74.944
Saastopankkien Keskuspa 1.652 5/14/2035 EUR 72.842
Senivita Social Estate 8.500 6/30/2025 EUR 0.020
Collectivite Europeenne 0.200 11/5/2035 EUR 67.166
Natixis SA 1.150 1/23/2035 EUR 70.253
Banque Internationale a 1.085 10/22/2040 EUR 55.310
DekaBank Deutsche Giroz 0.530 10/22/2035 EUR 63.194
Banque Internationale a 0.675 10/29/2030 EUR 73.918
Department of Gironde F 0.412 11/26/2037 EUR 64.138
Department of Gironde F 0.418 11/12/2041 EUR 55.647
Dr Wiesent Sozial gGmbH 7.000 EUR 0.002
Municipality of Tilburg 0.470 11/14/2034 EUR 73.577
Marseille Provence Metr 1.000 1/15/2038 EUR 66.617
Single Platform Investm 0.853 3/20/2040 EUR 60.200
Raiffeisenlandesbank Ob 1.000 12/30/2030 EUR 74.940
HSBC Continental Europe 1.300 10/23/2039 EUR 63.011
Credit Agricole Corpora 12.000 11/17/2025 TRY 70.257
BNP Paribas SA 2.750 10/24/2034 AUD 66.786
German Pellets GmbH 7.250 7/9/2018 EUR 0.815
Single Platform Investm 1.905 8/22/2039 EUR 72.531
Turkey Government Inter 4.875 4/16/2043 USD 65.957
Kreditanstalt fuer Wied 0.400 8/12/2040 EUR 62.607
Batigere Grand Est SAHL 1.550 11/14/2039 EUR 66.937
Oberoesterreichische La 0.953 9/16/2039 EUR 50.651
Credit Agricole Corpora 2.950 8/22/2039 AUD 64.933
DZ Bank AG Deutsche Zen 2.240 8/22/2034 USD 74.370
Caisse des Depots et Co 1.022 9/13/2049 EUR 51.743
Agence Francaise de Dev 1.600 7/25/2043 EUR 70.276
Single Platform Investm 1.103 5/25/2052 EUR 52.728
RENE LEZARD Mode GmbH 7.250 11/25/2017 EUR 0.151
Oberoesterreichische La 2.500 12/10/2035 EUR 72.544
State of Rhineland-Pala 0.872 10/31/2036 EUR 74.033
Stadtsparkasse Wupperta 1.000 11/3/2031 EUR 74.845
Stadtsparkasse Wupperta 1.040 11/14/2031 EUR 74.868
Stadtsparkasse Wupperta 0.900 9/30/2031 EUR 74.512
DekaBank Deutsche Giroz 0.790 11/14/2031 EUR 74.885
Aargau Verkehr AG 0.270 11/29/2049 CHF 74.564
BNP Paribas SA 3.180 11/19/2039 AUD 60.418
Societe Generale SA 1.270 11/25/2034 EUR 72.272
Specialfastigheter Sver 1.180 12/2/2044 SEK 55.568
DZ Bank AG Deutsche Zen 0.500 8/30/2034 EUR 64.932
Credit Agricole Corpora 2.930 8/20/2039 AUD 64.914
Raiffeisen-Landesbank T 0.766 9/17/2031 EUR 70.475
Caisse des Depots et Co 2.615 11/15/2049 AUD 58.654
VTB Bank PJSC 8.400 5/21/2030 RUB 67.000
DekaBank Deutsche Giroz 0.705 6/1/2032 EUR 72.708
Societe Du Grand Paris 1.923 5/25/2066 EUR 56.163
Department of Gironde F 0.650 12/17/2038 EUR 64.340
Region Centre 0.712 12/3/2039 EUR 61.066
SG Issuer SA 0.650 12/30/2030 EUR 73.433
SG Issuer SA 0.700 12/20/2030 EUR 73.833
DekaBank Deutsche Giroz 0.705 7/1/2032 EUR 72.470
DekaBank Deutsche Giroz 0.848 8/2/2032 EUR 73.250
Vasakronan AB 2.777 4/12/2039 SEK 71.218
Oberbank AG 1.850 4/18/2039 EUR 59.587
DekaBank Deutsche Giroz 1.080 12/9/2039 EUR 61.674
Single Platform Investm 1.110 1/22/2040 EUR 63.214
Ukraine Government Bond 10.570 5/10/2027 UAH 49.989
Ukraine Government Bond 9.700 6/7/2028 UAH 41.247
Ukraine Government Bond 6.000 9/13/2028 UAH 31.622
Ukraine Government Bond 6.000 4/23/2031 UAH 22.026
Caisse des Depots et Co 1.782 6/15/2048 EUR 65.992
Leonteq Securities AG/G 19.000 4/30/2024 USD 69.450
UBS AG/London 19.250 1/25/2024 CHF 40.600
Banca di Cividale SpA/o 3.710 6/30/2036 EUR 70.049
Banca di Cividale SpA/o 3.340 10/2/2036 EUR 71.638
Single Platform Investm 0.740 4/1/2042 EUR 56.168
Banque Internationale a 0.530 9/2/2030 EUR 73.767
Single Platform Investm 1.080 5/17/2033 EUR 74.425
Citigroup Global Market 1.000 9/30/2036 EUR 64.371
Deutsche Bank AG 1.050 9/1/2031 EUR 73.317
Single Platform Investm 1.600 3/23/2038 EUR 70.467
Credit Agricole CIB Fin 0.490 9/13/2033 EUR 68.303
Single Platform Investm 2.060 7/25/2033 NOK 73.120
State of North Rhine-We 1.293 2/25/2041 EUR 72.382
Ukraine Government Bond 6.000 1/14/2026 UAH 53.112
Kuntarahoitus Oyj 1.078 5/6/2039 EUR 73.074
Citigroup Global Market 1.000 1/21/2036 EUR 65.370
Liga Bank eG Regensburg 0.850 5/4/2034 EUR 70.539
Banque et Caisse d'Epar 0.880 2/10/2037 EUR 74.220
Banque et Caisse d'Epar 1.000 1/4/2042 EUR 67.685
BPCE SFH SA 1.420 3/30/2039 EUR 73.373
Agence Metropolitaine D 0.500 7/7/2035 EUR 69.328
Landesbank Hessen-Thuer 1.000 9/13/2034 EUR 68.900
Luzerner Kantonalbank A 12.750 6/12/2024 CHF 64.560
Kreissparkasse Koeln 0.350 2/19/2035 EUR 65.295
Stadtsparkasse Wupperta 0.890 10/17/2031 EUR 74.124
Nationwide Building Soc 1.420 4/23/2041 EUR 73.519
Cooperatieve Rabobank U 1.485 9/3/2041 EUR 71.483
Thames Water Utilities 1.846 8/28/2047 GBP 69.545
Credit Industriel Et Co 1.170 1/28/2037 EUR 68.535
Norddeutsche Landesbank 1.090 11/15/2043 EUR 64.298
Caisse des Depots et Co 1.270 10/1/2051 EUR 54.471
Brussels Municipalities 0.892 3/29/2041 EUR 61.925
Brussels Municipalities 0.892 9/29/2041 EUR 61.113
Societe Generale SA 2.650 1/26/2032 USD 74.498
Raiffeisen-Landesbank T 1.380 7/24/2059 EUR 54.852
Single Platform Investm 1.715 2/15/2041 EUR 70.085
Pongs & Zahn AG 8.500 EUR 0.001
DZ Bank AG Deutsche Zen 1.200 11/25/2050 EUR 51.493
Aareal Bank AG 1.850 3/20/2035 EUR 63.471
Single Platform Investm 1.690 7/25/2053 EUR 62.932
Single Platform Investm 1.720 2/15/2041 EUR 70.062
Single Platform Investm 1.340 4/4/2042 EUR 64.241
Single Platform Investm 1.675 2/15/2041 EUR 67.434
SAG Solarstrom AG 6.250 12/14/2015 EUR 31.000
Kreditanstalt fuer Wied 0.210 11/18/2037 EUR 63.998
Purple Protected Asset 1.480 11/30/2060 EUR 40.067
LFA Foerderbank Bayern 0.010 12/15/2033 EUR 71.848
Single Platform Investm 1.315 12/15/2038 EUR 66.764
UBS Group AG 2.210 11/24/2035 USD 67.112
Credit Suisse AG/London 3.220 2/8/2032 AUD 74.681
Landesbank Baden-Wuertt 0.810 5/21/2032 EUR 74.953
State of Rhineland-Pala 0.100 10/1/2040 EUR 58.734
Single Platform Investm 2.840 12/4/2035 NOK 74.524
Department of Bouches d 0.457 10/8/2040 EUR 58.282
Oberoesterreichische La 0.641 10/13/2035 EUR 56.595
Banque Internationale a 0.750 10/13/2030 EUR 74.135
Oberoesterreichische La 0.650 10/15/2035 EUR 56.658
Banque Internationale a 0.550 10/13/2030 EUR 73.009
Muenchener Hypothekenba 0.580 10/14/2035 EUR 65.158
Oberoesterreichische La 0.420 10/22/2030 EUR 71.707
KPNQwest NV 7.125 6/1/2009 EUR 0.190
Heta Asset Resolution A 3.635 12/31/2023 EUR 1.168
Belfius Bank SA 1.550 1/28/2039 EUR 74.601
Norske Skogindustrier A 7.000 12/30/2026 EUR 0.010
HYPO NOE Landesbank fue 3.000 5/30/2046 EUR 74.154
Municipality of Groning 1.404 7/1/2041 EUR 72.810
Credit Suisse AG/London 4.700 7/1/2046 AUD 71.006
Department of Bouches d 1.100 7/8/2039 EUR 68.471
Raiffeisen Landesbank V 2.257 11/13/2034 EUR 72.446
Raiffeisen Landesbank V 2.257 11/13/2034 EUR 72.446
Department of Gironde F 0.900 12/15/2039 EUR 65.279
Department of Gironde F 0.707 6/23/2035 EUR 72.962
Department of Gironde F 0.979 6/25/2040 EUR 65.261
Saastopankkien Keskuspa 1.500 6/12/2035 EUR 71.070
Region Wallonne Belgium 1.300 6/16/2068 EUR 45.491
Saastopankkien Keskuspa 1.445 6/23/2035 EUR 70.577
Single Platform Investm 1.660 12/16/2036 EUR 73.630
Agence Metropolitaine D 0.800 7/1/2040 EUR 63.037
Vodafone Group PLC 4.600 8/9/2046 USD 72.269
Volksbank Weinheim eG 2.600 12/8/2058 EUR 74.268
Region de Bruxelles-Cap 1.800 8/17/2048 EUR 67.666
Natixis SA 1.350 6/26/2039 EUR 65.300
Single Platform Investm 2.770 6/6/2040 NOK 69.551
Landesbank Saar 0.680 3/29/2034 EUR 68.842
Single Platform Investm 1.090 11/30/2033 EUR 73.800
Single Platform Investm 1.040 6/25/2044 EUR 57.484
Nomura Bank Internation 1.175 7/8/2033 EUR 69.179
BNP Paribas SA 3.950 7/11/2039 AUD 71.127
Department of Bouches d 0.530 7/30/2035 EUR 71.031
DekaBank Deutsche Giroz 0.370 4/16/2031 EUR 74.307
Volksbank in Suedwestfa 0.300 3/19/2031 EUR 74.421
Purple Protected Asset 1.570 4/30/2061 EUR 46.364
Single Platform Investm 2.820 7/3/2041 NOK 69.341
Single Platform Investm 0.932 6/15/2039 EUR 62.356
Leonteq Securities AG/G 24.500 1/26/2024 CHF 39.310
Single Platform Investm 1.762 5/25/2066 EUR 56.328
Credit Agricole CIB Fin 0.540 9/20/2033 EUR 68.661
Single Platform Investm 2.050 9/1/2044 NOK 58.783
DZ HYP AG 0.180 3/10/2031 EUR 73.380
Single Platform Investm 2.212 4/6/2034 NOK 72.959
ING Bank NV 2.410 3/16/2031 AUD 74.165
Berlin Hyp AG 0.375 9/29/2031 EUR 72.262
Credit Industriel Et Co 0.805 9/21/2033 EUR 71.177
Banque Internationale a 0.800 12/22/2032 EUR 68.842
DekaBank Deutsche Giroz 1.585 12/28/2035 EUR 59.261
Single Platform Investm 2.500 6/6/2036 NOK 71.006
Malta Government Bond 1.000 8/23/2035 EUR 72.900
Landesbank Hessen-Thuer 1.370 9/22/2031 EUR 69.594
DekaBank Deutsche Giroz 0.250 1/31/2031 EUR 73.889
Bayerische Landesbank 1.820 3/12/2031 EUR 72.050
Renovables Atlasol SA 2.200 12/31/2038 EUR 68.691
Hypo-Bank Burgenland AG 0.810 9/17/2031 EUR 70.536
Single Platform Investm 1.180 4/1/2039 EUR 65.030
BKS Bank AG 2.165 6/21/2039 EUR 71.809
Department of L'Eure Fr 0.515 5/25/2040 EUR 59.751
Department of Loiret Fr 0.790 11/22/2039 EUR 64.084
DZ Bank AG Deutsche Zen 0.750 7/18/2033 EUR 69.247
Ringkjoebing Landbobank 1.875 6/6/2039 EUR 71.574
Lloyds Bank PLC 1.920 4/16/2044 EUR 60.034
DZ Bank AG Deutsche Zen 0.700 10/2/2034 EUR 66.271
Citigroup Global Market 1.150 9/19/2039 EUR 60.758
Region de Bruxelles-Cap 0.731 8/25/2060 EUR 36.002
DZ Bank AG Deutsche Zen 0.240 2/28/2031 EUR 73.723
DZ Bank AG Deutsche Zen 23.300 12/22/2023 EUR 9.000
Luzerner Kantonalbank A 3.500 8/30/2023 USD 47.350
Hypo Vorarlberg Bank AG 1.020 7/15/2041 EUR 51.197
Specialfastigheter Sver 2.205 10/11/2038 SEK 74.294
National Grid Electrici 2.920 9/30/2044 AUD 60.507
Region Wallonne Belgium 1.250 4/30/2055 EUR 49.961
Landesbank Hessen-Thuer 0.530 11/4/2031 EUR 72.331
Credit Agricole SA 1.000 4/6/2035 EUR 67.204
Single Platform Investm 1.155 5/25/2052 EUR 54.567
UniCredit Bank AG 1.120 1/20/2031 EUR 71.310
Single Platform Investm 1.593 10/31/2050 EUR 57.795
Landesbank Baden-Wuertt 0.500 4/21/2031 EUR 74.402
Caisse des Depots et Co 2.700 4/28/2041 AUD 67.038
Standard Chartered Bank 3.000 4/30/2036 AUD 66.925
Landesbank Saar 0.760 5/8/2034 EUR 68.988
Swedbank Hypotek AB 1.445 3/29/2038 EUR 74.928
Credit Agricole Corpora 2.500 2/20/2048 EUR 72.607
Caisse des Depots et Co 1.780 2/20/2048 EUR 66.183
Morgan Stanley & Co Int 3.100 10/28/2041 AUD 61.799
Nomura Bank Internation 1.450 12/10/2041 EUR 60.651
BNG Bank NV 1.790 1/21/2049 EUR 69.592
Landesbank Hessen-Thuer 2.435 2/6/2048 EUR 66.134
Bank Vontobel AG 9.500 12/4/2023 EUR 58.500
Region de Bruxelles-Cap 2.215 6/1/2041 EUR 74.614
Caisse Francaise de Fin 1.500 2/7/2039 EUR 74.972
Hospices Civils de Lyon 0.597 11/24/2031 EUR 74.705
Landesbank Baden-Wuertt 0.580 3/2/2033 EUR 70.421
UBS Group AG 2.490 3/4/2036 USD 68.888
Department of Bouches d 0.543 12/15/2034 EUR 72.676
Single Platform Investm 1.250 5/10/2044 EUR 60.156
Ville de Paris 1.293 2/22/2049 EUR 57.491
Region Occitanie 1.198 5/25/2036 EUR 72.476
ABN AMRO Bank NV 1.070 3/3/2041 EUR 67.398
DZ Bank AG Deutsche Zen 0.500 2/26/2031 EUR 74.738
Citigroup Global Market 2.500 2/25/2036 USD 71.879
Societe Generale SA 2.060 3/12/2031 USD 73.383
Caisse des Depots et Co 2.730 3/2/2041 AUD 67.553
Hemso Fastighets AB 2.380 3/3/2033 NOK 74.787
Landesbank Baden-Wuertt 0.500 7/30/2031 EUR 73.711
BNP Paribas SA 1.450 11/17/2041 EUR 63.530
Aktia Bank Oyj 0.430 12/2/2030 EUR 74.593
UniCredit Bank AG 10.850 2/1/2024 EUR 55.440
Region de Bruxelles-Cap 0.274 12/11/2040 EUR 54.140
Wirtschafts- und Infras 0.200 12/14/2045 EUR 48.215
Aareal Bank AG 0.300 12/11/2030 EUR 65.803
Kommunekredit 2.180 7/16/2040 AUD 61.866
Berlin Hyp AG 0.349 12/10/2031 EUR 71.736
Norddeutsche Landesbank 0.750 1/15/2032 EUR 73.389
Region Hauts-de-France 0.361 2/18/2041 EUR 54.298
Agence Francaise de Dev 2.330 2/10/2041 AUD 62.855
Landesbank Baden-Wuertt 0.380 2/12/2031 EUR 74.135
DLR Kredit A/S 2.000 10/1/2053 DKK 72.776
NRW Bank 1.211 10/18/2045 EUR 65.829
Hemso Fastighets AB 2.418 11/30/2038 EUR 65.899
Kreditanstalt fuer Wied 0.820 4/15/2050 EUR 57.247
Landesbank Hessen-Thuer 1.200 4/30/2035 EUR 70.034
State of Brandenburg 0.050 2/28/2033 EUR 73.655
Societe Generale SFH SA 0.650 6/23/2035 EUR 72.507
KESZ Holding Business D 2.800 6/17/2031 HUF 74.740
BNP Paribas SA 1.400 6/4/2041 EUR 62.600
Cooperatieve Rabobank U 1.099 6/28/2051 EUR 58.768
Kreditanstalt fuer Wied 1.208 6/17/2051 EUR 62.829
United Kingdom Gilt 1.500 7/31/2053 GBP 50.031
JAB Holdings BV 3.750 5/28/2051 USD 63.255
Banque Federative du Cr 2.460 6/7/2032 AUD 74.158
Vasakronan AB 1.000 6/15/2041 EUR 34.741
Region de Bruxelles-Cap 2.410 8/23/2063 EUR 67.111
French Republic Governm 1.500 5/25/2050 EUR 66.285
BPCE SFH SA 1.390 3/11/2039 EUR 72.293
HSBC Continental Europe 2.150 3/14/2049 EUR 66.524
Leonteq Securities AG/G 30.000 3/13/2024 CHF 58.540
ITK Holding zrt 2.900 6/23/2031 HUF 64.900
Luzerner Kantonalbank A 6.400 10/4/2023 CHF 61.940
UBS AG/London 7.750 10/13/2023 CHF 11.000
Communaute Francaise de 2.050 7/26/2047 EUR 70.761
Landesbank Baden-Wuertt 0.430 1/22/2031 EUR 74.597
Soc Nationale SNCF SACA 2.931 1/14/2051 AUD 61.697
LFA Foerderbank Bayern 0.160 1/2/2040 EUR 59.158
Bayerische Landesbank 0.230 8/27/2031 EUR 71.728
Canton of Geneva Switze 0.050 8/27/2041 CHF 74.552
Region Occitanie 0.834 11/18/2044 EUR 56.373
Landeskreditbank Baden- 1.236 5/22/2045 EUR 67.242
Sberbank of Russia PJSC 0.010 11/23/2026 RUB 69.630
Landesbank Baden-Wuertt 0.500 12/8/2031 EUR 73.243
Agence Francaise de Dev 0.714 7/10/2045 EUR 55.395
Credit Agricole Corpora 2.610 7/27/2050 USD 53.572
Agence France Locale 0.550 6/20/2040 EUR 61.000
Muenchener Hypothekenba 0.886 3/26/2043 EUR 62.690
Lehman Brothers Treasur 4.870 10/8/2013 USD 0.100
Lehman Brothers Treasur 5.220 3/1/2024 EUR 0.100
Kreditanstalt fuer Wied 1.075 12/20/2049 EUR 61.486
EFG International Finan 11.120 12/27/2024 EUR 53.720
Region de Bruxelles-Cap 0.720 10/17/2051 EUR 41.616
Alteo Nyrt 3.150 10/28/2029 HUF 67.500
Virgolino de Oliveira F 10.875 1/13/2020 USD 36.000
Bibby Offshore Services 7.500 6/15/2021 GBP 11.625
SNCF Reseau 2.455 6/22/2047 SEK 74.782
Republic of Ireland Int 2.000 6/29/2064 EUR 67.280
Getin Noble Bank SA 11.950 4/29/2024 PLN 30.866
Bayerische Landesbank 0.970 2/14/2033 EUR 74.013
Region de Bruxelles-Cap 1.000 10/29/2059 EUR 41.050
AK BARS Bank Via AK BAR 8.000 7/13/2022 USD 31.000
BPCE SA 1.850 10/30/2030 AUD 73.150
Norddeutsche Landesbank 1.400 8/17/2037 EUR 64.152
Kreditanstalt fuer Wied 1.087 1/21/2050 EUR 61.725
Vasakronan AB 3.100 9/9/2039 AUD 60.980
BNG Bank NV 2.000 7/24/2058 EUR 74.146
Caisse des Depots et Co 1.811 8/13/2048 EUR 66.338
Communaute Francaise de 2.177 8/17/2068 EUR 65.152
BNG Bank NV 1.900 7/11/2058 EUR 66.952
de Volksbank NV 1.495 7/26/2038 EUR 74.778
DNB Boligkreditt AS 1.230 11/18/2039 EUR 70.020
DNB Boligkreditt AS 1.080 5/16/2039 EUR 68.988
HSBC Continental Europe 0.800 12/13/2034 EUR 68.977
Landesbank Baden-Wuertt 0.590 10/7/2032 EUR 71.458
Berlin Hyp AG 1.157 12/9/2039 EUR 58.894
Natixis SA 2.180 8/24/2035 USD 68.410
Land Baden-Wuerttemberg 1.150 4/5/2049 EUR 62.559
Pick Szeged Szalamigyar 2.000 12/6/2029 HUF 70.180
Ukraine Government Bond 6.000 12/23/2026 UAH 44.497
Ukraine Government Bond 9.610 11/10/2029 UAH 34.806
Ukraine Government Bond 6.000 11/22/2028 UAH 30.561
Ukraine Government Bond 9.730 9/24/2031 UAH 30.481
Hellas Telecommunicatio 6.054 1/15/2015 USD 0.012
Societe Generale SFH SA 0.360 9/14/2033 EUR 73.945
Lehman Brothers Treasur 6.600 5/23/2012 AUD 0.100
Lehman Brothers Treasur 2.300 6/6/2013 USD 0.100
Ukraine Government Bond 11.110 3/29/2028 UAH 45.397
BPCE SFH SA 1.375 3/22/2038 EUR 74.505
Landesbank Baden-Wuertt 11.750 11/24/2023 EUR 29.940
UBS AG/London 15.240 1/31/2024 USD 7.092
Landwirtschaftliche Ren 0.984 2/4/2042 EUR 67.422
Credit Suisse AG/London 20.000 10/10/2023 CHF 27.190
Agence Francaise de Dev 1.656 4/4/2054 EUR 63.148
BPCE SFH SA 1.229 4/12/2049 EUR 60.301
Eika Boligkreditt AS 1.245 3/28/2039 EUR 70.800
Caisse des Depots et Co 1.900 9/14/2048 EUR 65.640
Bayerische Landesbank 2.250 10/17/2033 EUR 72.777
Lehman Brothers Treasur 13.000 2/16/2009 CHF 0.100
Lehman Brothers Treasur 6.000 3/18/2015 USD 0.100
Lehman Brothers Treasur 3.450 5/23/2013 USD 0.100
Lehman Brothers Treasur 7.000 4/24/2009 USD 0.100
NTRP Via Interpipe Ltd 10.250 8/2/2017 USD 2.006
Lehman Brothers Treasur 5.375 2/4/2014 USD 0.100
Lehman Brothers Treasur 10.000 2/16/2009 CHF 0.100
Lehman Brothers Treasur 7.000 2/15/2010 CHF 0.100
Lehman Brothers Treasur 3.500 6/20/2011 EUR 0.100
Lehman Brothers Treasur 11.000 2/16/2009 CHF 0.100
Lehman Brothers Treasur 6.000 9/20/2011 EUR 0.100
Morgan Stanley & Co Int 3.470 1/27/2042 AUD 65.364
Autonomous Community of 1.138 11/22/2052 EUR 47.511
BPCE SFH SA 1.586 2/1/2047 EUR 67.309
Comunidad Foral de Nava 1.800 3/25/2042 EUR 68.795
Lehman Brothers Treasur 13.000 12/14/2012 USD 0.100
Lehman Brothers Treasur 4.820 12/18/2036 EUR 0.100
Rikshem AB 1.910 11/16/2032 NOK 70.498
Kuntarahoitus Oyj 1.005 11/4/2060 EUR 56.327
Department of Bouches d 0.450 10/15/2041 EUR 56.203
NRW Bank 0.800 10/22/2060 EUR 47.071
Heta Asset Resolution A 5.920 12/31/2023 EUR 1.168
Nationwide Building Soc 1.673 1/28/2041 EUR 74.688
Italy Buoni Poliennali 2.700 3/1/2047 EUR 74.463
State of Saarland 1.108 5/18/2046 EUR 63.071
Bazalgette Finance Plc 0.688 6/27/2050 GBP 58.555
HYPO NOE Landesbank fue 3.000 6/20/2051 EUR 73.651
United Kingdom Gilt 2.500 7/22/2065 GBP 63.471
Ukraine Government Bond 12.500 2/21/2024 UAH 73.039
Aareal Bank AG 1.741 1/12/2045 EUR 47.908
Region Bretagne SCI 0.770 12/1/2039 EUR 61.762
Rikshem AB 2.370 6/17/2032 NOK 74.229
Region Provence-Alpes-C 0.709 6/29/2040 EUR 62.763
Windreich GmbH 6.250 3/1/2015 EUR 2.780
Region de Bruxelles-Cap 1.532 8/16/2038 EUR 72.935
Landeskreditbank Baden- 1.025 4/1/2061 EUR 52.295
Landesbank Baden-Wuertt 1.000 8/12/2039 EUR 62.990
Raiffeisen Schweiz Geno 19.800 12/12/2023 CHF 41.610
Cooperatieve Rabobank U 1.430 9/1/2036 EUR 70.809
Aareal Bank AG 0.520 4/18/2031 EUR 66.127
BNP Paribas SA 3.170 1/7/2041 AUD 60.618
Credit Suisse AG/London 16.300 12/26/2023 USD 47.440
Landesbank Baden-Wuertt 0.360 12/30/2030 EUR 74.336
State of Saxony-Anhalt 2.416 7/3/2028 EUR 60.000
Aareal Bank AG 0.625 9/16/2030 EUR 68.619
Caisse des Depots et Co 2.670 9/17/2049 AUD 59.444
Lehman Brothers Treasur 4.100 5/20/2009 USD 0.100
Lehman Brothers Treasur 2.000 5/17/2010 EUR 0.100
Lehman Brothers Treasur 3.820 10/20/2009 USD 0.100
LBI ehf 2.250 2/14/2011 CHF 7.750
NIBC Bank NV 0.460 7/19/2029 EUR 74.929
Republic of Austria Gov 0.700 4/20/2071 EUR 41.656
Republic of Ireland Int 2.045 3/22/2075 EUR 72.419
Ukraine Government Inte 6.876 5/21/2031 USD 27.069
Swedbank Hypotek AB 1.595 11/20/2043 EUR 71.492
Norddeutsche Landesbank 0.825 8/30/2033 EUR 68.451
Barclays Bank PLC 3.900 2/15/2042 AUD 65.924
Raiffeisenlandesbank Ob 0.835 10/20/2036 EUR 69.418
Standard Chartered Bank 2.650 10/13/2036 USD 72.024
Kuntarahoitus Oyj 1.220 3/27/2060 EUR 60.893
Societe Generale SA 0.570 6/30/2031 EUR 73.185
Kreditanstalt fuer Wied 1.270 6/29/2051 EUR 63.475
Kreditanstalt fuer Wied 1.271 5/20/2051 EUR 63.526
Cooperatieve Rabobank U 1.704 2/25/2049 EUR 70.373
Deutsche Bank AG 0.700 10/28/2031 EUR 71.866
Societe Generale SA 7.750 10/29/2032 USD 74.750
Region de Bruxelles-Cap 1.710 5/5/2047 EUR 61.723
Citigroup Global Market 0.200 1/19/2031 EUR 73.722
Region Wallonne Belgium 0.850 1/26/2071 EUR 34.470
Landesbank Hessen-Thuer 1.050 7/30/2035 EUR 68.148
Derzhava-Garant OOO 15.000 6/12/2030 RUB 32.400
Heta Asset Resolution A 4.875 12/31/2023 EUR 1.168
Credit Agricole Corpora 2.650 1/29/2035 AUD 71.025
Nostrum Oil & Gas Finan 8.000 7/25/2022 USD 25.546
French Republic Governm 0.500 5/25/2040 EUR 63.377
DLR Kredit A/S 1.500 10/1/2053 DKK 72.009
Bayerische Landesbank 1.100 1/26/2024 EUR 58.590
State of North Rhine-We 1.375 1/15/2120 EUR 45.278
Eika Boligkreditt AS 1.112 5/16/2039 EUR 69.635
Swedbank Hypotek AB 1.565 8/17/2043 EUR 71.130
Heta Asset Resolution A 7.500 12/31/2023 ATS 1.168
Region Wallonne Belgium 1.272 10/3/2040 EUR 64.340
BPCE SFH SA 1.186 5/9/2039 EUR 70.116
PJSC Koks via IMH Capit 5.900 9/23/2025 USD 8.623
Kuntarahoitus Oyj 0.514 10/7/2039 EUR 65.729
Ukraine Government Bond 8.750 2/16/2033 UAH 26.149
Lehman Brothers Treasur 11.000 12/19/2011 USD 0.100
Raiffeisen Switzerland 16.000 1/3/2024 CHF 40.850
Ukraine Government Bond 11.890 5/6/2026 UAH 59.824
Raiffeisen Switzerland 15.000 1/23/2024 CHF 36.350
Astana Finance BV 7.875 6/8/2010 EUR 16.000
Kingdom of Belgium Gove 2.150 6/22/2066 EUR 70.907
Lehman Brothers Treasur 3.400 9/21/2009 HKD 0.100
Lehman Brothers Treasur 5.200 11/9/2011 EUR 0.100
Sidetur Finance BV 10.000 4/20/2016 USD 0.751
Lehman Brothers Treasur 4.350 8/8/2016 SGD 0.100
Nomura Bank Internation 0.400 11/5/2030 EUR 71.724
Lehman Brothers Treasur 7.625 7/22/2011 HKD 0.100
Ukraine Government Inte 7.750 9/1/2027 USD 28.958
Ukraine Government Inte 7.750 9/1/2028 USD 29.796
Ukraine Government Bond 15.500 9/4/2024 UAH 69.759
BNP Paribas SA 3.750 6/12/2040 AUD 72.620
LR Realkredit AS 1.000 10/1/2050 DKK 65.521
Aareal Bank AG 1.300 9/19/2031 EUR 68.990
Communaute Francaise de 0.749 9/16/2080 EUR 46.448
Hemso Fastighets AB 1.800 5/5/2032 EUR 73.105
Italy Buoni Poliennali 2.450 9/1/2050 EUR 68.384
Autonomous Community of 1.646 7/30/2060 EUR 50.428
Landesbank Hessen-Thuer 0.460 7/20/2032 EUR 69.840
Landesbank Hessen-Thuer 0.350 8/19/2030 EUR 74.503
Landesbank Baden-Wuertt 0.360 8/11/2031 EUR 72.711
BPCE SA 2.160 10/6/2031 USD 73.572
Banco Santander SA 1.020 1/4/2034 EUR 68.351
Specialfastigheter Sver 1.215 5/14/2035 SEK 70.215
Ministeries Van de Vlaa 0.940 5/12/2050 EUR 48.721
UniCredit Bank AG 0.900 7/18/2031 EUR 74.390
Italy Buoni Poliennali 2.150 3/1/2072 EUR 56.033
Vacse AB 2.067 4/20/2034 SEK 73.416
UniCredit Bank AG 1.560 1/20/2031 EUR 72.850
Landesbank Baden-Wuertt 0.440 5/7/2031 EUR 73.908
Landesbank Hessen-Thuer 0.631 5/2/2031 EUR 73.731
Assistance Publique Hop 1.800 4/10/2048 EUR 66.871
Deutsche Bank AG/London 0.500 4/5/2038 MXN 22.767
Landesbank Baden-Wuertt 0.710 11/9/2035 EUR 65.658
Vasakronan AB 2.390 1/17/2039 EUR 50.686
Region Centre 0.807 5/12/2040 EUR 60.593
Muenchener Hypothekenba 0.805 4/16/2036 EUR 66.971
Agence Francaise de Dev 1.774 3/24/2044 EUR 72.102
Nederlandse Waterschaps 1.577 12/9/2039 GBP 63.276
UBS AG/London 15.250 11/27/2023 CHF 37.500
Landesbank Hessen-Thuer 0.450 1/7/2032 EUR 73.265
DZ HYP AG 2.023 1/18/2058 EUR 66.494
Nederlandse Waterschaps 2.032 1/23/2058 EUR 73.795
Leonteq Securities AG/G 11.000 12/7/2023 CHF 20.000
Hypo-Bank Burgenland AG 2.010 2/7/2048 EUR 70.279
Landesbank Baden-Wuertt 0.550 11/9/2032 EUR 71.150
Landesbank Baden-Wuertt 5.250 10/27/2023 EUR 43.880
Bayerische Landesbank 1.850 3/5/2031 EUR 72.540
Goldman Sachs Internati 2.520 3/3/2036 USD 68.331
Norddeutsche Landesbank 0.750 7/23/2031 EUR 74.360
Hypo Vorarlberg Bank AG 0.920 7/8/2036 EUR 59.410
Barclays Bank PLC 2.000 10/8/2042 EUR 63.070
Norddeutsche Landesbank 1.600 4/5/2034 EUR 73.874
Sveriges Sakerstallda O 1.378 7/13/2046 SEK 60.377
Landesbank Baden-Wuertt 0.200 12/2/2030 EUR 72.690
BPCE SA 1.920 12/9/2030 AUD 73.087
Kreditanstalt fuer Wied 0.951 9/9/2050 EUR 55.989
Caisse des Depots et Co 2.160 12/7/2050 AUD 51.935
Deutsche Bank AG 2.010 12/10/2052 EUR 59.793
Kuntarahoitus Oyj 0.815 2/24/2061 EUR 52.628
DZ Bank AG Deutsche Zen 0.420 2/17/2033 EUR 68.315
Landesbank Baden-Wuertt 0.490 6/9/2031 EUR 74.105
Norddeutsche Landesbank 1.560 10/20/2038 EUR 63.938
VTB Bank PJSC 9.670 USD 50.000
NRW Bank 0.921 10/20/2041 EUR 66.421
Landesbank Baden-Wuertt 0.520 12/9/2031 EUR 73.056
DZ Bank AG Deutsche Zen 2.000 12/29/2031 EUR 72.480
Cie de Financement Fonc 1.695 12/4/2048 EUR 67.311
Landesbank Baden-Wuertt 0.400 2/12/2031 EUR 74.259
Nederlandse Waterschaps 1.370 3/23/2065 EUR 53.676
Landesbank Baden-Wuertt 0.660 10/9/2034 EUR 67.336
Hypo Vorarlberg Bank AG 0.500 6/23/2031 EUR 71.006
Berlin Hyp AG 0.625 6/30/2031 EUR 73.104
Citigroup Global Market 1.500 5/13/2051 EUR 54.037
Landesbank Baden-Wuertt 0.740 6/2/2036 EUR 64.536
Italy Buoni Poliennali 2.150 9/1/2052 EUR 62.528
Natixis SA 2.720 5/27/2036 USD 71.624
Rikshem AB 3.250 5/31/2041 AUD 60.150
Vasakronan AB 2.277 3/11/2039 EUR 49.981
HSBC Continental Europe 2.025 3/19/2049 EUR 64.548
HYPO NOE Landesbank fue 1.790 8/18/2037 EUR 67.925
Cooperatieve Rabobank U 2.250 9/15/2047 EUR 66.517
Communaute Francaise de 1.600 6/22/2047 EUR 65.295
HYPO NOE Landesbank fue 2.080 10/5/2037 EUR 70.570
Natixis SA 2.520 8/24/2036 AUD 62.026
Landesbank Hessen-Thuer 0.500 12/3/2031 EUR 72.026
UBS AG/London 7.000 9/22/2023 CHF 72.600
Aareal Bank AG 1.475 7/19/2029 EUR 71.951
DZ Bank AG Deutsche Zen 0.250 1/21/2033 EUR 73.447
Raiffeisen Bank Interna 0.370 2/3/2033 EUR 62.343
Landesbank Baden-Wuertt 0.260 7/29/2030 EUR 74.912
Regie Autonome des Tran 1.900 6/26/2048 EUR 70.929
Nederlandse Waterschaps 1.955 6/28/2058 EUR 73.185
DekaBank Deutsche Giroz 7.500 5/31/2024 EUR 70.330
Single Platform Investm 1.475 10/5/2043 JPY 73.718
Landesbank Baden-Wuertt 0.650 12/1/2031 EUR 74.234
Landesbank Hessen-Thuer 0.300 9/15/2031 EUR 71.105
Regie Autonome des Tran 0.640 8/13/2041 EUR 60.019
State of Saxony-Anhalt 1.808 5/15/2048 EUR 73.599
Assistance Publique Hop 0.647 7/17/2040 EUR 61.137
Societe Generale SA 2.710 7/8/2035 AUD 61.674
Credit Mutuel Arkea SA 0.730 10/14/2036 EUR 61.592
Single Platform Investm 2.230 4/15/2044 EUR 73.383
Aktia Bank Oyj 0.990 1/15/2035 EUR 68.235
Deutsche Bank AG/London 4.320 6/15/2037 AUD 73.167
SNCF Reseau 2.303 7/11/2067 EUR 64.766
Landesbank Baden-Wuertt 0.790 5/16/2033 EUR 71.558
Bayerische Landesbank 0.770 6/18/2032 EUR 72.553
Nederlandse Waterschaps 0.932 12/2/2060 EUR 47.288
Ville de Paris 0.758 8/20/2060 EUR 37.571
Caisse des Depots et Co 2.345 1/29/2050 AUD 54.908
UniCredit Bank AG 7.600 2/19/2024 EUR 69.500
DZ Bank AG Deutsche Zen 0.700 8/24/2033 EUR 69.030
Assistance Publique Hop 0.750 11/30/2039 EUR 63.319
Credit Agricole Corpora 2.700 6/3/2035 AUD 70.795
United Kingdom Gilt 0.625 10/22/2050 GBP 38.894
Agence Francaise de Dev 2.360 10/17/2044 AUD 58.765
Single Platform Investm 1.156 2/12/2041 EUR 62.593
Hypo-Bank Burgenland AG 1.010 10/29/2049 EUR 56.518
SAir Group 5.125 3/1/2003 CHF 10.172
Credit Agricole Corpora 10.500 2/16/2027 TRY 58.839
Vasakronan AB 2.050 5/28/2044 EUR 45.781
HSBC Continental Europe 2.890 9/11/2039 AUD 60.754
NRW Bank 0.473 6/23/2049 EUR 53.177
Caisse des Depots et Co 2.630 9/16/2049 AUD 58.925
State of Rhineland-Pala 0.500 7/30/2036 EUR 71.317
Lloyds Bank PLC 2.450 7/20/2048 EUR 64.112
Societe Generale SA 2.370 9/17/2035 AUD 58.536
Single Platform Investm 1.200 11/15/2037 EUR 67.258
Caisse des Depots et Co 2.340 11/27/2049 AUD 54.926
DZ Bank AG Deutsche Zen 0.625 1/7/2032 EUR 72.827
Landesbank Baden-Wuertt 0.540 10/7/2031 EUR 73.504
Communaute Francaise de 1.728 4/11/2049 EUR 67.056
Barclays Bank PLC 2.730 9/27/2024 EUR 61.480
Landesbank Hessen-Thuer 0.350 10/13/2031 EUR 71.269
Landesbank Hessen-Thuer 1.000 10/14/2036 EUR 63.650
Lehman Brothers Treasur 13.150 10/30/2008 USD 0.100
Muenchener Hypothekenba 1.172 10/30/2047 EUR 64.140
Assistance Publique Hop 1.665 4/10/2049 EUR 63.808
BNG Bank NV 1.873 11/24/2047 EUR 71.818
ECM Real Estate Investm 5.000 10/9/2011 EUR 15.375
Erste Group Bank AG 1.200 2/11/2040 EUR 54.416
Landesbank Hessen-Thuer 0.400 2/4/2031 EUR 73.808
NRW Bank 1.020 8/1/2049 EUR 55.942
Leonteq Securities AG/G 20.000 2/2/2024 CHF 38.700
Societe Generale SA 1.100 2/20/2034 EUR 71.011
Ministeries Van de Vlaa 0.600 11/19/2055 EUR 36.910
Kuntarahoitus Oyj 1.557 3/29/2052 EUR 74.100
DZ Bank AG Deutsche Zen 0.660 11/23/2035 EUR 63.500
Banque Internationale a 0.480 11/13/2030 EUR 72.712
DZ Bank AG Deutsche Zen 0.100 11/15/2030 EUR 74.121
Deutsche Pfandbriefbank 0.613 9/30/2032 EUR 64.879
Kreditanstalt fuer Wied 1.027 10/26/2050 EUR 57.308
Berlin Hyp AG 0.055 10/16/2030 EUR 73.563
Gold-Zack AG 7.000 12/14/2005 EUR 4.402
Lloyds Bank PLC 2.255 2/9/2036 EUR 72.274
DZ HYP AG 1.060 7/28/2036 EUR 73.740
Bayerische Landesbank 0.940 7/16/2032 EUR 74.784
DZ Bank AG Deutsche Zen 1.060 6/24/2032 EUR 74.659
Credit Agricole Corpora 10.200 8/6/2026 TRY 61.658
Vasakronan AB 3.270 6/26/2034 AUD 72.443
Landesbank Baden-Wuertt 0.750 8/12/2039 EUR 64.410
Landesbank Saar 0.720 6/29/2035 EUR 65.961
Landesbank Baden-Wuertt 1.300 6/21/2049 EUR 56.672
Nomura Bank Internation 1.415 1/27/2042 EUR 59.972
DZ HYP AG 1.226 8/25/2036 EUR 66.111
Aareal Bank AG 0.255 9/17/2029 EUR 70.768
Aareal Bank AG 0.380 9/16/2031 EUR 63.395
Barclays Bank PLC 3.020 3/26/2051 USD 57.828
Autonomous Community of 1.931 4/4/2042 EUR 70.464
Deutsche Bank AG 0.510 9/16/2031 EUR 74.547
Landesbank Baden-Wuertt 0.370 10/20/2031 EUR 72.415
Region de Bruxelles-Cap 0.450 12/22/2056 EUR 33.626
State of North Rhine-We 1.450 1/19/2122 EUR 46.365
Landesbank Hessen-Thuer 0.700 2/24/2032 EUR 72.909
Bankinter SA 1.200 6/5/2035 EUR 73.114
Landesbank Baden-Wuertt 0.590 9/22/2034 EUR 66.843
Landesbank Baden-Wuertt 0.060 10/4/2030 EUR 73.290
Nederlandse Waterschaps 0.781 2/28/2050 EUR 53.871
State of Lower Austria 1.750 5/2/2047 EUR 69.179
Lloyds Banking Group PL 0.995 2/15/2038 JPY 74.956
Turkey Government Bond 10.280 9/15/2027 TRY 68.500
Leonteq Securities AG 8.000 11/29/2023 CHF 63.550
Landesbank Hessen-Thuer 0.350 5/27/2031 EUR 74.218
Caisse des Depots et Co 1.960 2/1/2048 EUR 68.104
Kingdom of Belgium Gove 1.700 6/22/2050 EUR 68.185
Landesbank Baden-Wuertt 7.800 3/22/2024 EUR 49.160
Kreditanstalt fuer Wied 1.142 2/15/2042 EUR 69.950
Caisse des Depots et Co 1.000 2/26/2051 EUR 50.395
Kuntarahoitus Oyj 1.005 12/7/2060 EUR 56.374
Ukraine Government Inte 9.990 5/22/2024 UAH 68.277
Raiffeisen Switzerland 20.000 2/20/2024 CHF 49.970
Norddeutsche Landesbank 1.100 10/13/2034 EUR 68.290
Russian Federal Bond - 7.100 5/15/2041 RUB 69.651
Banco Santander SA 1.000 1/14/2034 EUR 68.860
Vasakronan AB 3.300 1/14/2042 AUD 60.647
UBS AG/London 1.860 2/28/2049 EUR 65.155
Republic of Poland Gove 2.000 3/8/2049 EUR 65.795
Aareal Bank AG 1.465 7/24/2029 EUR 71.837
Region Wallonne Belgium 0.250 12/29/2036 EUR 62.292
Land Berlin 0.100 1/18/2041 EUR 56.679
State of North Rhine-We 0.200 1/27/2051 EUR 43.134
Raiffeisen Switzerland 17.500 12/27/2023 CHF 41.590
Agence Francaise de Dev 0.537 7/16/2040 EUR 62.065
Societe Generale SA 4.740 3/24/2030 USD 72.137
Ukraine Government Bond 9.500 12/11/2024 UAH 62.310
Goldman Sachs Internati 2.034 7/7/2036 EUR 70.122
Ville de Paris 0.760 5/25/2066 EUR 35.585
Italy Buoni Poliennali 1.700 9/1/2051 EUR 57.144
French Republic Governm 0.750 5/25/2052 EUR 51.536
Region Auvergne-Rhone-A 0.800 5/22/2040 EUR 61.365
BNP Paribas SA 1.000 1/23/2040 MXN 21.453
Norddeutsche Landesbank 1.350 2/3/2038 EUR 62.474
Landesbank Hessen-Thuer 0.600 10/27/2034 EUR 66.063
Ireland Government Bond 1.500 5/15/2050 EUR 67.258
Gazprom PJSC 4.510 10/21/2043 RUB 70.000
Deutsche Pfandbriefbank 4.120 11/3/2031 EUR 59.297
Erste Group Bank AG 0.940 5/22/2034 EUR 64.205
Barclays Bank PLC 1.750 9/29/2032 USD 68.690
MOL Hungarian Oil & Gas 1.100 9/22/2030 HUF 58.500
Lehman Brothers Treasur 5.100 5/8/2017 HKD 0.100
United Kingdom Gilt 0.875 7/31/2033 GBP 71.615
Leonteq Securities AG/G 5.000 9/6/2023 CHF 71.390
Santander International 2.770 7/2/2035 USD 69.417
Ukraine Government Bond 15.840 2/26/2025 UAH 71.966
Realkredit Danmark A/S 0.500 10/1/2050 DKK 67.417
SNCF Reseau 1.100 10/27/2036 EUR 73.338
Cattles Ltd 8.125 7/5/2017 GBP 0.027
Lehman Brothers Treasur 13.000 7/25/2012 EUR 0.100
Lehman Brothers Treasur 2.500 8/23/2012 GBP 0.100
Lehman Brothers Treasur 0.500 12/20/2017 USD 0.100
Lehman Brothers Treasur 4.000 1/4/2011 USD 0.100
Lehman Brothers Treasur 4.800 11/16/2012 HKD 0.100
Lehman Brothers Treasur 3.500 12/20/2027 USD 0.100
Lehman Brothers Treasur 11.000 12/20/2017 AUD 0.100
Lehman Brothers Treasur 11.000 12/20/2017 AUD 0.100
Lehman Brothers Treasur 0.500 12/20/2017 AUD 0.100
Lehman Brothers Treasur 6.650 8/24/2011 AUD 0.100
Turkey Government Bond 11.000 2/24/2027 TRY 74.200
BLT Finance BV 12.000 2/10/2015 USD 10.500
State of Lower Austria 0.400 10/13/2050 EUR 45.266
Perrigo Co PLC 5.300 11/15/2043 USD 72.569
Virgolino de Oliveira F 11.750 2/9/2022 USD 0.628
Pescanova SA 8.750 2/17/2019 EUR 1.047
Elli Investments Ltd 12.250 6/15/2020 GBP 52.250
Landesbank Baden-Wuertt 0.905 4/1/2041 EUR 50.827
Aktia Bank Oyj 0.550 3/17/2031 EUR 74.578
Norddeutsche Landesbank 0.775 4/20/2033 EUR 68.997
Landesbank Hessen-Thuer 0.350 4/21/2031 EUR 74.512
Ville de Paris 0.395 12/18/2045 EUR 47.873
Bank Julius Baer & Co L 13.200 11/30/2023 CHF 23.000
Bank Julius Baer & Co L 8.600 11/30/2023 CHF 57.950
BNP Paribas Emissions- 9.400 9/21/2023 EUR 71.250
DZ Bank AG Deutsche Zen 24.300 9/22/2023 EUR 66.520
DZ Bank AG Deutsche Zen 22.200 12/22/2023 EUR 71.120
DZ Bank AG Deutsche Zen 24.700 12/22/2023 EUR 64.030
UBS AG/London 15.000 8/31/2023 CHF 32.950
Vontobel Financial Prod 20.500 9/22/2023 EUR 63.610
SG Issuer SA 5.000 5/30/2029 EUR 37.650
Credit Suisse AG/London 16.750 8/29/2023 CHF 34.010
Leonteq Securities AG/G 30.000 9/1/2023 CHF 29.010
Leonteq Securities AG/G 27.000 9/1/2023 CHF 34.120
Leonteq Securities AG/G 22.000 9/6/2023 USD 48.270
Leonteq Securities AG/G 17.000 12/5/2023 CHF 40.270
Bank Julius Baer & Co L 21.850 10/11/2023 CHF 26.000
UBS AG/London 11.750 10/5/2023 EUR 61.600
Zurcher Kantonalbank Fi 7.100 10/6/2023 CHF 54.160
DZ Bank AG Deutsche Zen 22.700 9/22/2023 EUR 68.860
Barclays Bank PLC 1.450 9/24/2038 MXN 26.588
Nederlandse Waterschaps 1.900 10/29/2048 EUR 74.318
Agence Francaise de Dev 1.911 10/26/2048 EUR 70.461
BNG Bank NV 1.938 5/3/2048 EUR 72.493
Vontobel Financial Prod 15.000 9/22/2023 EUR 74.620
Nordea Bank Abp 8.270 7/20/2027 SEK 73.625
Bank Vontobel AG 20.000 1/5/2024 CHF 43.600
DZ Bank AG Deutsche Zen 7.250 9/25/2024 EUR 71.200
DZ Bank AG Deutsche Zen 8.000 3/20/2024 EUR 74.620
DZ Bank AG Deutsche Zen 6.750 12/20/2023 EUR 71.830
Vontobel Financial Prod 18.000 9/22/2023 EUR 71.960
Vontobel Financial Prod 24.500 9/22/2023 EUR 72.870
Vontobel Financial Prod 23.500 9/22/2023 EUR 74.370
Vontobel Financial Prod 14.000 9/22/2023 EUR 69.850
Vontobel Financial Prod 16.500 9/22/2023 EUR 74.470
Vontobel Financial Prod 8.000 9/22/2023 EUR 67.850
Vontobel Financial Prod 19.500 9/22/2023 EUR 61.320
Vontobel Financial Prod 17.000 9/22/2023 EUR 64.960
Vontobel Financial Prod 16.000 9/22/2023 EUR 66.960
Vontobel Financial Prod 19.500 9/22/2023 EUR 16.990
Vontobel Financial Prod 11.500 9/22/2023 EUR 64.220
Vontobel Financial Prod 14.500 9/22/2023 EUR 59.530
Vontobel Financial Prod 14.000 9/22/2023 EUR 71.360
Vontobel Financial Prod 11.000 9/22/2023 EUR 73.570
Vontobel Financial Prod 10.500 9/22/2023 EUR 74.580
Vontobel Financial Prod 18.000 9/22/2023 EUR 69.750
Vontobel Financial Prod 20.500 9/22/2023 EUR 64.980
Muenchener Hypothekenba 0.620 7/22/2033 EUR 70.990
Landwirtschaftliche Ren 0.400 7/29/2036 EUR 69.721
DZ Bank AG Deutsche Zen 0.530 7/26/2033 EUR 67.628
DZ Bank AG Deutsche Zen 0.650 8/5/2036 EUR 68.251
Landesbank Baden-Wuertt 9.300 11/22/2024 EUR 72.890
Landesbank Baden-Wuertt 9.500 6/28/2024 EUR 69.140
HSBC Trinkaus & Burkhar 16.400 9/22/2023 EUR 55.220
HSBC Trinkaus & Burkhar 10.700 12/22/2023 EUR 59.550
HSBC Trinkaus & Burkhar 5.300 12/22/2023 EUR 66.240
HSBC Trinkaus & Burkhar 12.300 3/22/2024 EUR 60.390
HSBC Trinkaus & Burkhar 8.100 9/27/2024 EUR 66.050
HSBC Trinkaus & Burkhar 6.400 9/27/2024 EUR 69.370
HSBC Trinkaus & Burkhar 5.000 9/27/2024 EUR 73.530
HSBC Trinkaus & Burkhar 15.100 12/22/2023 EUR 58.570
HSBC Trinkaus & Burkhar 9.400 3/22/2024 EUR 63.560
HSBC Trinkaus & Burkhar 6.700 3/22/2024 EUR 67.690
Kuntarahoitus Oyj 1.200 7/21/2061 EUR 60.445
DZ Bank AG Deutsche Zen 0.640 12/30/2030 EUR 74.400
SG Issuer SA 0.015 11/7/2033 EUR 64.360
SG Issuer SA 0.021 8/15/2033 EUR 55.460
Landesbank Baden-Wuertt 2.100 8/22/2025 EUR 67.820
Landesbank Baden-Wuertt 3.000 8/22/2025 EUR 72.780
DZ Bank AG Deutsche Zen 0.500 8/18/2036 EUR 60.304
DZ Bank AG Deutsche Zen 0.110 8/17/2032 EUR 67.584
DekaBank Deutsche Giroz 3.550 8/11/2025 EUR 68.850
Hunland Feed Kft 2.880 7/21/2031 HUF 72.910
Norddeutsche Landesbank 0.400 8/13/2031 EUR 71.901
Norddeutsche Landesbank 1.000 8/13/2036 EUR 62.380
Landesbank Baden-Wuertt 3.050 8/28/2026 EUR 72.230
Landesbank Hessen-Thuer 0.550 8/19/2032 EUR 70.247
Landesbank Hessen-Thuer 0.450 8/19/2031 EUR 72.259
Landesbank Hessen-Thuer 0.750 8/19/2036 EUR 61.080
Norddeutsche Landesbank 0.850 8/25/2036 EUR 61.082
Leonteq Securities AG 12.000 10/19/2023 CHF 69.020
Landesbank Hessen-Thuer 1.650 5/27/2030 EUR 29.010
SG Issuer SA 1.600 4/21/2034 EUR 67.440
Nordea Bank Abp 2.000 4/29/2027 SEK 58.540
Raiffeisen Schweiz Geno 8.000 10/11/2023 CHF 62.280
Raiffeisen Schweiz Geno 5.900 4/11/2024 CHF 71.460
UBS AG/London 18.000 4/8/2024 CHF 62.700
BNP Paribas Emissions- 3.000 4/21/2026 EUR 58.350
Raiffeisen Bank Interna 8.311 9/20/2023 EUR 66.940
Raiffeisen Bank Interna 8.450 9/20/2023 EUR 73.710
Raiffeisen Bank Interna 8.311 9/20/2023 EUR 56.530
Raiffeisen Bank Interna 9.696 9/20/2023 EUR 52.940
Raiffeisen Bank Interna 11.082 9/20/2023 EUR 50.590
Bank Vontobel AG 10.250 10/9/2023 CHF 43.000
Bank Vontobel AG 8.750 10/9/2023 CHF 48.500
UBS AG/London 18.000 4/15/2024 USD 66.450
Leonteq Securities AG 5.000 10/12/2023 CHF 73.450
BNG Bank NV 1.890 11/14/2048 EUR 71.347
HSBC Trinkaus & Burkhar 8.600 9/27/2024 EUR 69.040
HSBC Trinkaus & Burkhar 6.700 9/27/2024 EUR 72.400
Leonteq Securities AG/G 12.000 10/10/2023 CHF 28.160
Leonteq Securities AG/G 23.200 10/10/2023 CHF 70.140
Raiffeisen Switzerland 6.000 10/7/2024 CHF 61.540
Erste Group Bank AG 2.000 4/20/2037 EUR 67.555
Zurcher Kantonalbank Fi 9.400 10/11/2023 EUR 73.090
SG Issuer SA 1.600 4/18/2034 EUR 73.520
Leonteq Securities AG 10.000 10/11/2023 CHF 71.880
UBS AG/London 17.400 4/14/2027 SEK 44.430
UBS AG/London 14.250 4/8/2024 USD 58.050
UBS AG/London 14.500 10/6/2023 CHF 27.520
UBS AG/London 10.750 4/8/2024 CHF 71.000
Zurcher Kantonalbank Fi 7.000 10/6/2023 CHF 71.130
Raiffeisen Bank Interna 9.696 9/20/2023 EUR 65.420
Raiffeisen Bank Interna 11.082 9/20/2023 EUR 64.320
Agence Francaise de Dev 1.954 11/13/2053 EUR 67.979
Bank Vontobel AG 14.000 10/9/2023 CHF 28.000
Bank Vontobel AG 19.000 4/9/2024 CHF 48.300
Vontobel Financial Prod 21.000 12/22/2023 EUR 73.760
Vontobel Financial Prod 22.000 9/22/2023 EUR 72.930
Vontobel Financial Prod 21.000 9/22/2023 EUR 75.000
Region de Bruxelles-Cap 1.646 11/2/2038 EUR 73.875
Landesbank Baden-Wuertt 2.650 10/27/2023 EUR 60.470
Leonteq Securities AG/G 28.180 10/6/2023 CHF 46.690
Leonteq Securities AG/G 23.000 10/10/2023 CHF 43.740
UBS AG/London 5.250 9/11/2023 EUR 67.160
Vontobel Financial Prod 25.200 2/5/2024 USD 72.940
Vontobel Financial Prod 25.750 2/5/2024 USD 74.510
Kommunekredit 2.200 9/27/2041 AUD 61.804
Raiffeisen Schweiz Geno 4.000 9/27/2024 CHF 21.620
Citigroup Global Market 14.760 10/2/2023 EUR 59.890
Region Auvergne-Rhone-A 0.543 9/28/2036 EUR 66.319
Region Provence-Alpes-C 0.569 10/1/2038 EUR 63.866
Region Occitanie 0.776 10/6/2041 EUR 60.443
Region Occitanie 0.580 10/6/2036 EUR 65.706
NRW Bank 0.300 9/29/2033 EUR 74.785
Muenchener Hypothekenba 0.562 9/30/2031 EUR 74.559
Nordea Bank Abp 0.620 10/14/2026 SEK 53.510
Landesbank Hessen-Thuer 0.780 10/4/2035 EUR 65.442
Landesbank Hessen-Thuer 0.800 1/18/2036 EUR 64.957
Deutsche Bank AG 2.530 10/7/2036 USD 66.722
Landesbank Hessen-Thuer 1.500 10/1/2036 EUR 64.700
Natixis SA 2.780 10/5/2036 AUD 64.136
Raiffeisen Schweiz Geno 5.850 10/4/2023 CHF 62.140
Citigroup Global Market 2.540 9/13/2024 EUR 59.050
Sberbank of Russia PJSC 0.010 10/3/2028 RUB 67.010
Citigroup Global Market 2.950 9/29/2041 AUD 59.521
Credit Agricole Corpora 15.700 10/7/2026 TRY 67.734
Erste Group Bank AG 1.010 10/7/2041 EUR 49.664
Landesbank Baden-Wuertt 7.800 1/24/2025 EUR 69.580
Kuntarahoitus Oyj 0.939 2/15/2050 EUR 63.561
Region de Bruxelles-Cap 0.760 9/15/2038 EUR 64.179
Kommunekredit 1.000 4/23/2035 SEK 72.638
Region de Bruxelles-Cap 1.020 4/30/2060 EUR 40.739
Basque Government 2.000 4/30/2059 EUR 59.304
Kreditanstalt fuer Wied 0.693 2/8/2050 EUR 50.199
Landesbank Hessen-Thuer 1.300 6/4/2035 EUR 70.712
Regie Autonome des Tran 1.070 4/28/2050 EUR 53.494
AutoWallis Nyrt 3.000 4/15/2030 HUF 71.890
Banque et Caisse d'Epar 1.270 5/7/2045 EUR 68.612
Vasakronan AB 2.162 5/4/2040 SEK 63.571
Landesbank Hessen-Thuer 1.000 6/12/2035 EUR 74.600
Kuntarahoitus Oyj 0.870 10/11/2050 EUR 61.940
Single Platform Investm 0.754 9/20/2039 EUR 59.783
Region of Pays de la Lo 0.729 5/12/2036 EUR 68.717
Landesbank Baden-Wuertt 0.327 5/7/2038 EUR 62.980
BPCE SFH SA 0.430 5/7/2040 EUR 59.748
Landesbank Baden-Wuertt 0.880 5/29/2034 EUR 70.003
Landesbank Baden-Wuertt 0.820 5/27/2032 EUR 73.943
DZ Bank AG Deutsche Zen 1.250 5/25/2035 EUR 69.841
DZ Bank AG Deutsche Zen 1.000 5/25/2032 EUR 74.589
Landesbank Baden-Wuertt 0.850 5/27/2033 EUR 71.956
DZ Bank AG Deutsche Zen 1.040 5/15/2034 EUR 70.127
Landesbank Hessen-Thuer 1.000 6/12/2035 EUR 67.800
Erste Group Bank AG 0.560 9/29/2033 EUR 63.894
Leonteq Securities AG/G 7.000 10/4/2023 CHF 40.540
Leonteq Securities AG 7.400 10/4/2023 CHF 64.760
Corner Banca SA 7.000 10/4/2023 CHF 71.210
DZ Bank AG Deutsche Zen 0.850 10/15/2036 EUR 70.026
Leonteq Securities AG/G 8.000 10/4/2023 USD 59.280
Greenergy Holding Vagyo 3.000 9/21/2031 HUF 72.032
BNP Paribas SA 1.275 10/2/2023 USD 11.670
Natixis SA 3.000 10/18/2051 USD 61.932
Landesbank Hessen-Thuer 0.650 10/6/2031 EUR 72.231
Muenchener Hypothekenba 1.495 10/5/2050 EUR 58.631
Commerzbank AG 0.900 10/7/2030 EUR 72.594
Commerzbank AG 0.800 10/5/2029 EUR 74.308
Landesbank Hessen-Thuer 0.700 11/4/2033 EUR 68.270
Leonteq Securities AG/G 8.090 10/4/2023 CHF 52.880
BNP Paribas SA 1.010 10/5/2035 EUR 65.772
Erste Group Bank AG 4.500 11/2/2025 EUR 47.000
Landesbank Hessen-Thuer 0.900 11/10/2036 EUR 64.197
Citigroup Global Market 1.150 10/6/2036 EUR 64.986
Citigroup Global Market 1.080 10/1/2036 EUR 64.636
Sberbank of Russia PJSC 0.010 10/5/2028 RUB 74.500
Landesbank Hessen-Thuer 1.250 11/10/2036 EUR 65.150
Berlin Hyp AG 0.400 10/7/2031 EUR 72.285
Citigroup Global Market 1.050 5/20/2036 EUR 64.641
Region Centre 0.662 5/12/2034 EUR 72.707
Region Centre 0.552 5/12/2033 EUR 74.361
DZ Bank AG Deutsche Zen 15.400 6/28/2024 EUR 60.000
DZ Bank AG Deutsche Zen 20.400 3/22/2024 EUR 56.140
DZ Bank AG Deutsche Zen 22.000 3/22/2024 EUR 55.730
UniCredit Bank AG 11.900 3/22/2024 EUR 66.220
UniCredit Bank AG 13.300 3/22/2024 EUR 65.060
UniCredit Bank AG 13.400 6/28/2024 EUR 64.050
Ministeries Van de Vlaa 1.863 2/28/2048 EUR 66.300
Single Platform Investm 0.840 6/20/2043 EUR 57.738
Landesbank Baden-Wuertt 0.780 4/21/2036 EUR 65.147
Credit Agricole CIB Fin 1.000 4/26/2036 EUR 65.488
Landesbank Baden-Wuertt 0.610 5/11/2034 EUR 67.857
Barclays Bank PLC 3.020 4/23/2036 NZD 72.932
UniCredit Bank AG 4.900 5/14/2024 USD 68.890
Raiffeisen-Landesbank T 1.140 4/26/2051 EUR 56.360
Caisse des Depots et Co 1.275 5/5/2051 EUR 54.851
DZ Bank AG Deutsche Zen 18.900 3/22/2024 EUR 56.660
DZ Bank AG Deutsche Zen 16.400 6/28/2024 EUR 59.400
DZ Bank AG Deutsche Zen 17.400 6/28/2024 EUR 58.870
DZ Bank AG Deutsche Zen 18.500 6/28/2024 EUR 58.480
DZ Bank AG Deutsche Zen 10.400 6/28/2024 EUR 70.190
UniCredit Bank AG 15.500 12/22/2023 EUR 61.380
BNP Paribas Emissions- 5.300 9/1/2023 EUR 62.790
Sberbank of Russia PJSC 0.010 2/26/2027 RUB 74.800
Leonteq Securities AG/G 11.000 8/28/2023 USD 55.170
Caisse des Depots et Co 1.140 2/25/2037 EUR 71.786
Nederlandse Waterschaps 1.437 3/4/2042 EUR 71.929
Credit Agricole CIB Fin 1.750 3/3/2037 EUR 72.890
Bank Vontobel AG 11.000 2/23/2024 CHF 27.500
Raiffeisen Bank Interna 14.384 9/20/2023 EUR 67.960
Vontobel Financial Prod 11.500 9/22/2023 EUR 58.540
UBS AG/London 7.250 2/12/2024 CHF 56.600
Vontobel Financial Prod 19.000 9/22/2023 EUR 69.200
Vontobel Financial Prod 16.500 9/22/2023 EUR 72.940
Vontobel Financial Prod 17.500 9/22/2023 EUR 70.950
Vontobel Financial Prod 15.500 9/22/2023 EUR 74.820
Vontobel Financial Prod 18.000 9/22/2023 EUR 61.260
Vontobel Financial Prod 20.500 9/22/2023 EUR 58.040
Vontobel Financial Prod 11.500 9/22/2023 EUR 73.760
Vontobel Financial Prod 17.000 9/22/2023 EUR 62.990
Vontobel Financial Prod 22.000 9/22/2023 EUR 71.750
HSBC Trinkaus & Burkhar 12.700 9/22/2023 EUR 69.200
HSBC Trinkaus & Burkhar 23.300 9/22/2023 EUR 59.250
HSBC Trinkaus & Burkhar 14.000 12/22/2023 EUR 28.790
DZ Bank AG Deutsche Zen 14.900 9/22/2023 EUR 72.730
DZ Bank AG Deutsche Zen 23.000 9/22/2023 EUR 50.730
DZ Bank AG Deutsche Zen 20.200 9/22/2023 EUR 57.940
Vontobel Financial Prod 13.000 9/22/2023 EUR 68.390
Vontobel Financial Prod 14.500 9/22/2023 EUR 66.660
Vontobel Financial Prod 11.500 9/22/2023 EUR 72.240
Vontobel Financial Prod 10.500 9/22/2023 EUR 74.390
Vontobel Financial Prod 17.500 9/22/2023 EUR 61.860
Vontobel Financial Prod 15.500 9/22/2023 EUR 64.980
Vontobel Financial Prod 18.500 9/22/2023 EUR 57.280
Vontobel Financial Prod 20.000 9/22/2023 EUR 63.540
Vontobel Financial Prod 18.000 9/22/2023 EUR 66.330
Vontobel Financial Prod 17.500 9/22/2023 EUR 67.420
Vontobel Financial Prod 19.000 9/22/2023 EUR 65.430
Vontobel Financial Prod 15.000 9/22/2023 EUR 71.810
UniCredit Bank AG 0.900 3/24/2036 EUR 66.130
Landesbank Hessen-Thuer 0.550 4/16/2031 EUR 73.814
DZ Bank AG Deutsche Zen 0.700 4/29/2036 EUR 69.659
Raiffeisen Switzerland 10.000 4/16/2024 USD 58.620
Citigroup Global Market 2.500 4/29/2025 EUR 51.670
Citigroup Global Market 2.560 4/29/2025 EUR 37.650
Nomura Bank Internation 1.130 4/23/2036 EUR 65.051
Otthon Centrum Holding 3.000 4/19/2031 HUF 69.900
DekaBank Deutsche Giroz 2.400 5/17/2024 EUR 40.460
UBS AG/London 7.800 4/20/2026 EUR 51.160
Landesbank Baden-Wuertt 0.540 4/21/2033 EUR 69.790
Landesbank Hessen-Thuer 1.050 5/28/2036 EUR 66.352
Bank Vontobel AG 7.501 10/16/2023 CHF 58.600
Single Platform Investm 1.000 7/8/2034 EUR 71.482
Credit Agricole Corpora 3.020 4/22/2036 AUD 71.329
Landesbank Baden-Wuertt 0.500 5/11/2032 EUR 71.779
Landesbank Baden-Wuertt 0.710 5/12/2036 EUR 64.366
Leonteq Securities AG 4.500 10/23/2023 CHF 16.170
Raiffeisen Switzerland 7.000 10/19/2023 CHF 52.500
DZ Bank AG Deutsche Zen 23.000 3/22/2024 EUR 62.340
Vontobel Financial Prod 12.250 3/22/2024 EUR 65.090
Deutsche Bank AG/London 12.780 3/16/2028 TRY 54.886
DZ HYP AG 1.528 3/12/2040 EUR 72.800
Caisse des Depots et Co 1.790 3/13/2048 EUR 66.293
DZ Bank AG Deutsche Zen 0.710 4/30/2035 EUR 64.893
DZ Bank AG Deutsche Zen 0.750 4/28/2036 EUR 70.212
Landesbank Hessen-Thuer 0.700 6/3/2033 EUR 70.444
Kreditanstalt fuer Wied 1.000 4/27/2041 EUR 68.426
Citigroup Global Market 3.200 4/27/2051 AUD 54.780
Opus Global Nyrt 3.200 4/29/2031 HUF 71.000
Landesbank Hessen-Thuer 0.650 4/28/2031 EUR 73.663
Caisse des Depots et Co 1.290 5/5/2051 EUR 55.102
Landeskreditbank Baden- 0.842 5/3/2041 EUR 67.424
UBS AG/London 13.500 4/29/2024 USD 59.420
Barclays Bank PLC 2.000 5/7/2036 MXN 27.184
Landesbank Baden-Wuertt 2.400 11/24/2023 EUR 72.880
Credit Agricole Corpora 15.000 6/18/2026 TRY 71.643
Single Platform Investm 0.750 8/15/2050 EUR 47.600
Region Nouvelle-Aquitai 0.777 5/12/2041 EUR 61.168
Landesbank Hessen-Thuer 0.500 6/4/2031 EUR 73.140
UniCredit Bank AG 4.850 5/23/2025 EUR 74.900
DZ Bank AG Deutsche Zen 0.200 6/2/2031 EUR 72.021
UniCredit Bank AG 0.610 5/2/2033 EUR 70.419
Landesbank Hessen-Thuer 0.680 10/12/2033 EUR 69.377
Natixis SA 4.530 3/16/2048 AUD 70.089
Natixis SA 4.540 3/27/2048 AUD 70.193
Arkea Home Loans SFH SA 1.534 3/31/2043 EUR 71.989
Bank of Ireland Mortgag 1.548 4/17/2043 EUR 71.140
Hypo Tirol Bank AG 1.530 4/10/2043 EUR 69.519
Societe Generale SA 2.300 4/20/2048 EUR 71.685
Goldman Sachs Internati 2.200 3/29/2048 EUR 58.569
Raiffeisen-Landesbank T 1.470 5/3/2069 EUR 51.445
Region de Bruxelles-Cap 0.930 5/3/2051 EUR 48.338
Landesbank Hessen-Thuer 0.800 7/30/2035 EUR 65.956
Credit Agricole Corpora 1.000 5/10/2036 EUR 66.184
Muenchener Hypothekenba 1.300 5/7/2061 EUR 54.434
UBS AG/London 13.000 5/6/2024 USD 57.930
Norddeutsche Landesbank 1.450 5/10/2039 EUR 61.697
Region Centre 0.725 12/12/2039 EUR 63.198
Autonomous Community of 1.550 5/11/2051 EUR 55.025
Region Centre 0.822 5/12/2041 EUR 58.978
Region Centre 0.834 5/12/2042 EUR 57.397
Autonomous Community of 1.250 10/31/2040 EUR 63.747
Landesbank Baden-Wuertt 4.100 6/27/2025 EUR 70.020
Vontobel Financial Prod 24.000 9/22/2023 EUR 74.030
Vontobel Financial Prod 24.500 9/22/2023 EUR 68.610
Vontobel Financial Prod 23.000 9/22/2023 EUR 71.880
Vontobel Financial Prod 10.000 9/22/2023 EUR 58.620
Vontobel Financial Prod 11.500 9/22/2023 EUR 71.110
Vontobel Financial Prod 18.000 9/22/2023 EUR 54.690
Bank Julius Baer & Co L 17.200 2/16/2024 CHF 66.400
Vontobel Financial Prod 20.000 9/22/2023 EUR 67.570
Vontobel Financial Prod 19.500 9/22/2023 EUR 59.600
Vontobel Financial Prod 15.500 9/22/2023 EUR 64.870
Vontobel Financial Prod 14.500 9/22/2023 EUR 66.870
Vontobel Financial Prod 13.500 9/22/2023 EUR 69.020
Vontobel Financial Prod 12.500 9/22/2023 EUR 71.270
HSBC Trinkaus & Burkhar 10.200 12/22/2023 EUR 73.370
HSBC Trinkaus & Burkhar 21.900 9/22/2023 EUR 62.560
HSBC Trinkaus & Burkhar 6.000 12/22/2023 EUR 38.420
Bank of Ireland Mortgag 1.574 3/31/2043 EUR 71.540
SG Issuer SA 8.700 1/20/2025 SEK 62.660
Natixis SA 4.510 4/12/2043 AUD 72.429
Raiffeisen-Landesbank S 1.922 4/19/2058 EUR 67.969
BPCE SFH SA 1.512 4/20/2043 EUR 69.496
Muenchener Hypothekenba 1.463 4/23/2041 EUR 72.145
Societe Generale SA 1.624 4/19/2035 EUR 74.680
BNG Bank NV 1.880 4/24/2048 EUR 71.576
Nederlandse Waterschaps 1.860 4/27/2048 EUR 73.705
BNG Bank NV 1.920 2/12/2048 EUR 73.173
UBS AG/London 13.750 12/11/2023 CHF 18.060
Caisse Francaise de Fin 1.668 2/23/2043 EUR 72.142
Swedbank Hypotek AB 1.669 2/27/2043 EUR 72.564
Bayerische Landesbank 0.520 11/26/2031 EUR 73.337
Zurcher Kantonalbank Fi 15.260 3/20/2024 CHF 64.700
Credit Suisse AG/London 15.250 3/20/2024 CHF 50.080
Credit Suisse AG/London 16.000 9/20/2023 CHF 42.670
Landesbank Baden-Wuertt 2.800 11/24/2023 EUR 74.920
Landesbank Hessen-Thuer 0.560 6/16/2031 EUR 73.441
Sovcombank Leasing OOO 9.250 5/19/2025 RUB 65.000
Leonteq Securities AG/G 5.200 11/29/2023 CHF 60.550
Leonteq Securities AG 7.800 11/29/2023 CHF 64.430
Leonteq Securities AG/G 10.000 11/29/2023 EUR 43.470
Raiffeisen Schweiz Geno 7.000 11/29/2023 CHF 58.030
Bank Vontobel AG 9.000 11/20/2023 EUR 69.500
Bank Vontobel AG 8.000 11/27/2023 EUR 31.900
Wirtschafts- und Infras 0.450 12/1/2038 EUR 64.567
Credit Suisse AG/London 16.500 3/22/2024 CHF 72.460
Landesbank Baden-Wuertt 3.250 1/2/2026 EUR 63.730
UBS AG/London 6.750 12/1/2023 CHF 63.700
UBS AG/London 7.750 12/1/2023 CHF 69.600
UBS AG/London 6.500 12/1/2023 CHF 62.550
UBS AG/London 7.250 12/1/2023 CHF 62.950
MET Hungary Solar Park 3.800 12/2/2031 HUF 74.100
Landesbank Hessen-Thuer 1.170 12/8/2036 EUR 66.814
Norddeutsche Landesbank 1.050 1/13/2037 EUR 62.731
Leonteq Securities AG/G 26.000 10/31/2023 CHF 28.240
UBS AG/London 16.500 10/26/2023 CHF 24.520
Vontobel Financial Prod 8.250 3/22/2024 EUR 63.345
DZ Bank AG Deutsche Zen 0.840 10/27/2031 EUR 73.970
DekaBank Deutsche Giroz 3.000 11/24/2025 EUR 66.500
DekaBank Deutsche Giroz 2.100 11/22/2024 EUR 67.620
DekaBank Deutsche Giroz 3.600 11/24/2023 EUR 70.550
Landesbank Baden-Wuertt 3.150 10/23/2026 EUR 73.260
Societe Generale SA 3.110 10/28/2041 AUD 54.342
Region Centre 0.924 11/2/2043 EUR 59.111
Landesbank Hessen-Thuer 0.750 10/27/2031 EUR 72.707
Region Centre 0.755 11/2/2037 EUR 65.480
Raiffeisen Schweiz Geno 8.700 10/25/2023 CHF 42.430
Republic of Ireland Int 1.210 10/27/2111 EUR 42.343
Landesbank Hessen-Thuer 0.650 4/28/2031 EUR 73.668
Caisse Francaise de Fin 1.699 1/18/2044 EUR 70.752
Corner Banca SA 22.000 9/19/2023 EUR 36.950
Lloyds Bank PLC 2.450 2/1/2049 EUR 63.837
UBS AG/London 16.000 9/14/2023 CHF 37.400
Bank Vontobel AG 13.000 3/18/2024 CHF 28.200
Bank Vontobel AG 16.500 12/18/2023 CHF 42.100
UniCredit Bank AG 6.600 11/18/2024 EUR 73.560
Landesbank Hessen-Thuer 2.000 11/25/2036 EUR 63.300
Communaute Francaise de 1.617 2/7/2039 EUR 71.357
Swedbank Hypotek AB 1.292 2/11/2037 EUR 74.480
Natixis SA 3.080 10/25/2036 AUD 66.621
NRW Bank 1.085 10/26/2041 EUR 68.228
UBS AG/London 17.500 10/26/2023 CHF 42.000
SG Issuer SA 3.000 10/10/2034 ZAR 44.145
Landesbank Hessen-Thuer 0.750 11/24/2031 EUR 72.468
Norddeutsche Landesbank 0.750 7/1/2031 EUR 74.540
Banque Internationale a 6.200 11/25/2024 CHF 73.870
DekaBank Deutsche Giroz 3.400 7/19/2024 EUR 37.520
UBS AG/London 6.750 11/24/2023 CHF 61.450
UBS AG/London 5.250 11/24/2023 CHF 69.800
UBS AG/London 6.750 11/24/2023 CHF 56.450
UBS AG/London 6.750 11/24/2023 CHF 62.350
Leonteq Securities AG/G 23.000 3/27/2024 CHF 56.980
NRW Bank 1.100 11/26/2041 EUR 68.670
Landesbank Hessen-Thuer 0.600 11/29/2030 EUR 74.752
Leonteq Securities AG/G 5.000 11/29/2023 CHF 70.910
Landesbank Hessen-Thuer 0.700 1/6/2032 EUR 74.437
Leonteq Securities AG 7.800 11/29/2023 CHF 61.440
Leonteq Securities AG/G 6.000 11/29/2023 USD 70.550
Raiffeisen Schweiz Geno 6.600 11/29/2023 CHF 64.350
Bank Vontobel AG 5.250 5/28/2024 CHF 60.900
Raiffeisen Schweiz Geno 5.500 11/29/2023 CHF 70.850
Raiffeisen Schweiz Geno 6.000 11/29/2023 CHF 60.580
Bayerische Landesbank 0.760 12/1/2031 EUR 74.928
Raiffeisen Schweiz Geno 3.550 11/29/2023 CHF 61.480
Citigroup Global Market 1.250 11/2/2036 EUR 66.049
HYPO NOE Landesbank fue 1.810 1/16/2034 EUR 74.502
Bank Vontobel AG 25.500 4/3/2024 CHF 58.200
UniCredit Bank AG 10.200 3/22/2024 EUR 74.640
UniCredit Bank AG 12.500 3/22/2024 EUR 70.880
Nederlandse Waterschaps 1.790 1/29/2049 EUR 72.032
Citigroup Global Market 1.180 12/23/2036 EUR 65.404
Single Platform Investm 1.340 6/20/2041 EUR 64.910
Landesbank Hessen-Thuer 1.510 4/3/2036 EUR 71.508
Raiffeisen Switzerland 15.870 9/5/2023 EUR 55.240
DZ Bank AG Deutsche Zen 18.900 3/22/2024 EUR 67.670
Credit Suisse AG/London 20.000 9/14/2023 CHF 40.060
BNP Paribas Emissions- 27.000 9/21/2023 EUR 71.940
Leonteq Securities AG/G 28.200 10/27/2023 CHF 39.920
Raiffeisen Switzerland 15.000 3/20/2024 CHF 66.830
DZ Bank AG Deutsche Zen 17.700 9/22/2023 EUR 70.850
DZ Bank AG Deutsche Zen 21.600 12/22/2023 EUR 74.010
BNP Paribas Emissions- 28.000 9/21/2023 EUR 68.500
BNP Paribas Emissions- 24.000 9/21/2023 EUR 71.770
BNP Paribas Emissions- 25.000 12/21/2023 EUR 73.650
BNP Paribas Emissions- 27.000 12/21/2023 EUR 71.240
Raiffeisen Switzerland 20.000 3/20/2024 CHF 66.430
Leonteq Securities AG/G 7.000 10/28/2024 CHF 73.930
Swissquote Bank SA 28.000 10/31/2023 CHF 28.210
SG Issuer SA 2.700 11/28/2034 ZAR 42.007
SG Issuer SA 3.300 9/26/2034 ZAR 46.029
Caisse Francaise de Fin 2.010 1/18/2049 EUR 72.701
HYPO NOE Landesbank fue 2.200 1/21/2044 EUR 65.274
UniCredit Bank AG 11.300 3/22/2024 EUR 72.640
UniCredit Bank AG 13.900 3/22/2024 EUR 69.430
Akademiska Hus AB 1.664 1/11/2045 EUR 74.528
DZ Bank AG Deutsche Zen 22.900 3/22/2024 EUR 64.710
Vontobel Financial Prod 17.000 6/28/2024 EUR 72.180
Vontobel Financial Prod 19.500 6/28/2024 EUR 69.490
DZ Bank AG Deutsche Zen 9.400 9/22/2023 EUR 68.090
DZ Bank AG Deutsche Zen 11.100 9/22/2023 EUR 29.150
DZ Bank AG Deutsche Zen 23.300 9/22/2023 EUR 69.610
DZ Bank AG Deutsche Zen 24.000 9/22/2023 EUR 37.490
Vontobel Financial Prod 20.500 9/22/2023 EUR 57.830
Vontobel Financial Prod 16.500 9/22/2023 EUR 63.400
Vontobel Financial Prod 19.500 9/22/2023 EUR 59.120
Vontobel Financial Prod 18.500 9/22/2023 EUR 60.470
Vontobel Financial Prod 12.500 9/22/2023 EUR 70.250
Vontobel Financial Prod 18.500 9/22/2023 EUR 74.400
Vontobel Financial Prod 10.500 9/22/2023 EUR 68.040
Norddeutsche Landesbank 0.450 5/14/2031 EUR 73.069
Landesbank Baden-Wuertt 0.350 4/8/2037 EUR 74.345
Societe Generale SA 2.970 4/15/2036 USD 65.018
Vontobel Financial Prod 17.000 9/22/2023 EUR 68.440
Vontobel Financial Prod 14.500 9/22/2023 EUR 73.060
Landesbank Hessen-Thuer 0.510 3/10/2032 EUR 72.293
Landesbank Hessen-Thuer 0.510 3/10/2032 EUR 72.293
National Grid Electrici 2.020 3/12/2032 AUD 73.770
NRW Bank 0.591 3/19/2040 EUR 65.584
DZ Bank AG Deutsche Zen 19.200 3/22/2024 EUR 61.090
DZ Bank AG Deutsche Zen 15.500 9/27/2024 EUR 66.360
DZ Bank AG Deutsche Zen 23.200 12/22/2023 EUR 57.780
Landesbank Hessen-Thuer 0.710 5/12/2034 EUR 66.828
TMK PJSC 7.350 2/28/2025 RUB 60.150
Credit Agricole Corpora 0.720 5/10/2033 EUR 69.764
Landesbank Hessen-Thuer 1.800 6/9/2036 EUR 63.900
Citigroup Global Market 0.610 5/5/2031 EUR 71.344
Landesbank Hessen-Thuer 0.900 6/10/2036 EUR 64.894
Hypo Vorarlberg Bank AG 0.410 5/6/2031 EUR 70.861
Muenchener Hypothekenba 1.185 5/5/2059 EUR 53.712
SG Issuer SA 0.900 4/7/2036 EUR 61.230
Norddeutsche Landesbank 1.000 6/10/2036 EUR 63.014
Region Wallonne Belgium 1.000 6/22/2045 EUR 55.864
Norddeutsche Landesbank 1.150 6/10/2036 EUR 64.381
Landesbank Hessen-Thuer 0.550 4/20/2033 EUR 69.989
Reneszansz Kofarago zrt 3.200 4/9/2031 HUF 73.000
Landesbank Hessen-Thuer 0.550 4/21/2031 EUR 73.782
Bank Vontobel AG 5.005 10/9/2023 CHF 58.900
Landesbank Baden-Wuertt 3.400 6/27/2025 EUR 71.780
Landesbank Baden-Wuertt 4.200 6/27/2025 EUR 69.640
Kreditanstalt fuer Wied 1.143 4/15/2050 EUR 62.018
LP Portfolio Vagyonkeze 2.800 11/30/2030 HUF 67.000
DZ Bank AG Deutsche Zen 16.900 6/28/2024 EUR 64.070
Bayerische Landesbank 0.360 4/9/2031 EUR 73.698
Bayerische Landesbank 0.490 4/9/2035 EUR 65.517
Bayerische Landesbank 0.430 4/8/2033 EUR 69.531
Banque Internationale a 1.020 3/25/2040 EUR 55.589
Landesbank Hessen-Thuer 1.000 3/20/2035 EUR 64.350
Leonteq Securities AG/G 21.000 5/22/2024 USD 68.020
Agence Francaise de Dev 1.900 11/16/2048 EUR 70.322
Region de Bruxelles-Cap 0.950 5/7/2049 EUR 50.740
Raiffeisenlandesbank Ob 0.632 5/26/2031 EUR 71.131
TransKomplektHolding JS 9.500 11/2/2028 RUB 60.100
Citigroup Global Market 1.010 6/18/2034 EUR 69.297
Citigroup Global Market 2.650 3/17/2040 USD 66.825
Landesbank Baden-Wuertt 3.500 12/22/2023 EUR 64.800
Natixis SA 2.700 5/25/2036 USD 71.461
Natixis SA 2.710 5/26/2036 USD 71.543
Leonteq Securities AG/G 6.000 11/27/2023 CHF 44.180
Leonteq Securities AG/G 24.200 9/8/2023 CHF 36.540
Agence Francaise de Dev 1.815 11/15/2044 EUR 72.158
Landesbank Baden-Wuertt 2.500 12/22/2023 EUR 73.640
Akademiska Hus AB 2.185 11/21/2038 SEK 74.456
Landesbank Baden-Wuertt 3.150 6/26/2026 EUR 70.840
Corner Banca SA 7.600 9/6/2023 EUR 71.370
Vontobel Financial Prod 20.000 9/22/2023 EUR 71.770
Vontobel Financial Prod 18.500 9/22/2023 EUR 74.190
Vontobel Financial Prod 16.000 9/22/2023 EUR 70.510
Vontobel Financial Prod 15.000 9/22/2023 EUR 72.500
Vontobel Financial Prod 17.000 9/22/2023 EUR 68.600
Caisse des Depots et Co 1.438 5/24/2051 EUR 57.545
Landesbank Baden-Wuertt 0.530 6/1/2032 EUR 71.855
Landesbank Baden-Wuertt 0.650 6/1/2034 EUR 68.059
Single Platform Investm 1.170 7/8/2034 EUR 73.496
Raiffeisen Schweiz Geno 6.500 11/17/2023 CHF 62.270
Republic of Ireland Int 1.180 5/25/2087 EUR 46.707
Erste Group Bank AG 1.310 2/23/2035 EUR 66.111
Erste Group Bank AG 1.360 2/23/2036 EUR 63.982
SG Issuer SA 0.300 2/16/2032 EUR 32.800
Citigroup Global Market 3.900 2/18/2042 AUD 69.094
Banque Internationale a 6.000 11/30/2023 CHF 69.880
Wirtschafts- und Infras 0.500 12/1/2038 EUR 65.804
Slovenska Sporitelna AS 4.490 EUR 63.700
UBS AG/London 5.250 12/1/2023 EUR 74.850
UBS AG/London 5.250 12/1/2023 CHF 71.750
Landesbank Hessen-Thuer 1.000 1/13/2037 EUR 65.061
SG Issuer SA 2.100 8/23/2033 EUR 18.110
Norddeutsche Landesbank 1.200 1/13/2037 EUR 64.091
Norddeutsche Landesbank 0.650 1/12/2032 EUR 72.669
Centre Hospitalier Univ 0.490 12/1/2036 EUR 67.386
NRW Bank 0.765 12/10/2036 EUR 71.879
Single Platform Investm 1.050 6/25/2044 EUR 60.541
Landesbank Hessen-Thuer 1.400 1/13/2037 EUR 65.200
Landesbank Baden-Wuertt 3.100 2/26/2027 EUR 70.430
UBS AG/London 16.000 3/11/2024 CHF 34.400
UBS AG/London 12.250 3/11/2024 EUR 55.450
Landshypotek Bank AB 1.815 2/25/2041 SEK 69.832
Societe Generale SA 3.050 11/23/2031 AUD 73.457
Landesbank Hessen-Thuer 0.700 1/12/2037 EUR 65.900
UBS AG/London 8.000 11/24/2023 CHF 62.550
UBS AG/London 7.000 11/24/2023 CHF 61.100
UBS AG/London 6.500 11/24/2023 CHF 61.050
UBS AG/London 8.000 11/24/2023 CHF 73.000
Leonteq Securities AG/G 25.000 3/27/2024 CHF 58.330
UBS AG/London 8.750 3/11/2024 USD 69.000
Leonteq Securities AG/G 25.000 9/12/2023 CHF 37.060
Leonteq Securities AG/G 17.000 9/19/2023 CHF 38.850
Muenchener Hypothekenba 1.543 11/16/2048 EUR 66.950
Natixis SA 2.700 5/21/2036 USD 71.328
DNB Boligkreditt AS 1.480 12/22/2042 EUR 69.919
SNCF Reseau 2.029 1/22/2048 EUR 69.940
SG Issuer SA 9.180 1/20/2025 SEK 63.270
Vontobel Financial Prod 12.750 3/22/2024 EUR 66.690
SG Issuer SA 7.600 1/20/2025 SEK 62.580
Communaute Francaise de 1.976 2/5/2048 EUR 69.491
DNB Boligkreditt AS 1.634 2/13/2043 EUR 71.766
Deutsche Apotheker-und 1.715 2/13/2037 EUR 71.183
Communaute Francaise de 1.940 2/19/2048 EUR 68.911
Communaute Francaise de 1.930 1/15/2048 EUR 68.834
Caisse des Depots et Co 1.930 1/22/2048 EUR 67.663
Communaute Francaise de 1.660 1/22/2038 EUR 74.876
Raiffeisenverband Salzb 1.500 2/1/2038 EUR 74.425
Raiffeisenverband Salzb 1.617 1/29/2048 EUR 66.214
DNB Boligkreditt AS 1.594 1/29/2043 EUR 72.169
BNG Bank NV 1.750 2/2/2043 EUR 74.604
Hemso Fastighets AB 2.000 2/15/2033 EUR 72.342
Leonteq Securities AG/G 7.000 6/7/2024 CHF 74.990
Communaute Francaise de 1.652 1/26/2038 EUR 73.165
Bank Vontobel AG 13.000 8/30/2023 CHF 31.200
Communaute Francaise de 1.674 2/5/2038 EUR 74.970
Nederlandse Waterschaps 1.770 12/23/2047 EUR 74.946
Bayerische Landesbank 1.716 1/8/2037 EUR 73.873
Region de Bruxelles-Cap 1.750 1/17/2048 EUR 66.028
DNB Boligkreditt AS 1.455 1/11/2038 EUR 74.729
Deutsche Apotheker-und 1.616 1/15/2038 EUR 68.630
Leonteq Securities AG/G 27.000 2/16/2024 CHF 52.360
UniCredit Bank AG 9.200 9/22/2023 EUR 71.220
Raiffeisen Switzerland 7.200 11/30/2023 CHF 67.420
Bank Vontobel AG 10.000 9/11/2023 CHF 21.100
Vontobel Financial Prod 18.000 9/22/2023 EUR 66.870
Erste Group Bank AG 1.065 5/17/2041 EUR 50.843
Raiffeisenverband Salzb 1.853 2/5/2049 EUR 69.391
Region de Bruxelles-Cap 1.500 2/15/2039 EUR 73.439
La Banque Postale Home 1.427 2/11/2039 EUR 73.505
Caisse des Depots et Co 1.820 2/7/2049 EUR 65.261
Nederlandse Waterschaps 1.850 2/11/2059 EUR 67.160
BPCE SA 1.850 2/8/2036 EUR 74.177
BPCE SFH SA 1.500 2/7/2039 EUR 74.597
Raiffeisenlandesbank Ob 0.774 10/29/2031 EUR 70.741
SG Issuer SA 4.500 1/21/2032 EUR 69.050
UniCredit Bank AG 5.150 11/24/2025 EUR 71.910
Landesbank Hessen-Thuer 0.750 12/2/2036 EUR 66.600
Single Platform Investm 3.000 6/21/2047 USD 66.092
Landesbank Baden-Wuertt 0.530 11/10/2031 EUR 73.396
Raiffeisen Schweiz Geno 5.050 10/21/2024 CHF 64.730
Sberbank of Russia PJSC 0.010 10/20/2028 RUB 73.600
Erste Group Bank AG 1.760 2/15/2034 EUR 72.181
Sberbank of Russia PJSC 0.010 10/21/2026 RUB 74.010
Landesbank Hessen-Thuer 0.820 11/15/2034 EUR 68.058
SG Issuer SA 5.000 5/23/2024 EUR 53.070
Agence Francaise de Dev 1.914 11/22/2048 EUR 70.529
Agence Francaise de Dev 1.955 11/21/2053 EUR 68.607
BNG Bank NV 1.885 11/26/2048 EUR 71.247
BNG Bank NV 1.870 11/26/2048 EUR 71.278
Caisse des Depots et Co 1.820 11/26/2048 EUR 66.274
Raiffeisen Landesbank V 1.385 12/14/2037 EUR 74.624
Raiffeisen Landesbank V 1.385 12/14/2037 EUR 74.624
DNB Boligkreditt AS 1.355 12/18/2037 EUR 73.726
Bayerische Landesbank 1.680 12/18/2037 EUR 72.388
Region Centre 2.156 6/2/2042 EUR 74.298
Region Centre 2.162 6/2/2043 EUR 73.284
SG Issuer SA 1.250 2/28/2033 EUR 41.910
DZ Bank AG Deutsche Zen 0.380 2/8/2033 EUR 74.121
DZ Bank AG Deutsche Zen 5.000 9/18/2023 EUR 65.440
Landesbank Baden-Wuertt 7.200 8/23/2024 EUR 35.210
Landesbank Baden-Wuertt 9.200 8/23/2024 EUR 33.050
Vontobel Financial Prod 10.250 9/22/2023 EUR 70.260
Landesbank Baden-Wuertt 6.200 10/27/2023 EUR 72.400
Landesbank Baden-Wuertt 2.500 10/27/2023 EUR 48.700
Landesbank Baden-Wuertt 3.250 10/27/2023 EUR 44.610
Landesbank Baden-Wuertt 5.000 10/27/2023 EUR 53.740
Landesbank Baden-Wuertt 8.200 10/27/2023 EUR 41.920
Landesbank Baden-Wuertt 4.250 10/27/2023 EUR 23.490
Landesbank Baden-Wuertt 6.200 10/27/2023 EUR 20.350
Landesbank Baden-Wuertt 7.600 10/27/2023 EUR 18.800
Landesbank Baden-Wuertt 9.000 10/27/2023 EUR 17.540
Landesbank Baden-Wuertt 7.000 10/27/2023 EUR 69.550
Landesbank Baden-Wuertt 3.000 10/27/2023 EUR 67.940
Landesbank Baden-Wuertt 5.600 10/27/2023 EUR 73.890
Landesbank Baden-Wuertt 6.500 10/27/2023 EUR 39.270
Landesbank Baden-Wuertt 8.000 10/27/2023 EUR 35.680
Landesbank Baden-Wuertt 4.250 10/27/2023 EUR 72.620
Landesbank Baden-Wuertt 3.100 10/27/2023 EUR 66.660
Landesbank Baden-Wuertt 4.700 10/27/2023 EUR 59.360
Landesbank Baden-Wuertt 3.500 10/27/2023 EUR 64.030
Landesbank Baden-Wuertt 3.150 10/27/2023 EUR 69.950
Landesbank Baden-Wuertt 4.800 10/27/2023 EUR 63.080
Landesbank Baden-Wuertt 4.000 10/27/2023 EUR 72.830
Landesbank Baden-Wuertt 6.250 10/27/2023 EUR 61.140
Landesbank Baden-Wuertt 2.250 10/27/2023 EUR 69.220
Landesbank Baden-Wuertt 2.850 10/27/2023 EUR 61.980
Corner Banca SA 10.000 11/1/2023 CHF 64.600
Leonteq Securities AG 9.000 11/1/2023 CHF 72.270
Sberbank of Russia PJSC 0.010 11/2/2026 RUB 72.010
Raiffeisen Schweiz Geno 6.000 11/1/2023 CHF 70.040
Basler Kantonalbank 7.000 11/10/2023 CHF 63.020
Bank Vontobel AG 6.500 10/2/2023 CHF 61.600
UBS AG/London 7.850 11/2/2023 USD 41.150
BNP Paribas SA 1.000 11/5/2036 EUR 65.601
Societe Generale SA 7.500 11/3/2026 USD 15.950
Landesbank Baden-Wuertt 0.610 11/3/2031 EUR 74.122
DekaBank Deutsche Giroz 4.000 11/8/2024 EUR 63.410
Citigroup Global Market 1.010 12/1/2034 EUR 67.782
Sberbank of Russia PJSC 0.010 11/2/2028 RUB 72.100
UBS AG/London 7.250 11/3/2023 CHF 56.900
Citigroup Global Market 1.380 11/4/2041 EUR 60.496
Landesbank Hessen-Thuer 0.730 11/10/2031 EUR 74.916
Natixis SA 3.300 11/4/2036 AUD 68.488
Single Platform Investm 0.363 2/15/2041 EUR 53.247
Region of Pays de la Lo 0.334 3/9/2033 EUR 73.066
Region of Pays de la Lo 0.427 3/9/2034 EUR 71.075
Kuntarahoitus Oyj 0.270 3/3/2034 EUR 73.432
NRW Bank 0.200 3/1/2034 EUR 72.885
Region of Pays de la Lo 0.449 3/9/2035 EUR 68.661
Societe Generale SA 2.630 3/2/2036 USD 62.747
Landesbank Baden-Wuertt 0.580 3/2/2033 EUR 70.421
Landesbank Baden-Wuertt 0.210 2/26/2031 EUR 71.517
Landesbank Baden-Wuertt 0.460 3/3/2031 EUR 74.496
Barclays Bank PLC 2.560 3/9/2036 USD 67.830
NRW Bank 1.180 3/3/2051 EUR 62.160
Banque Internationale a 1.300 3/4/2041 EUR 57.065
BNG Bank NV 2.300 3/3/2036 AUD 70.049
Natixis SA 2.800 3/3/2041 USD 67.137
Goldman Sachs Internati 2.200 2/1/2036 USD 65.756
Premium Green PLC 1.050 9/15/2035 EUR 69.562
Landesbank Baden-Wuertt 4.100 6/27/2025 EUR 71.920
Vontobel Financial Prod 5.000 3/26/2024 EUR 49.680
Department of Bouches d 0.561 9/15/2035 EUR 71.018
BPCE SA 2.320 3/4/2036 USD 63.997
Department of Bouches d 0.558 3/15/2035 EUR 72.209
Landesbank Hessen-Thuer 1.400 3/5/2036 EUR 63.200
Muenchener Hypothekenba 1.000 6/30/2037 EUR 66.969
Societe Generale SA 21.000 4/3/2024 USD 5.630
Landesbank Hessen-Thuer 0.950 4/9/2036 EUR 65.699
Landesbank Hessen-Thuer 0.560 3/12/2031 EUR 74.139
Single Platform Investm 2.395 3/3/2037 NOK 69.581
UniCredit Bank AG 5.300 4/8/2025 EUR 66.810
Sberbank of Russia PJSC 0.010 3/6/2028 RUB 73.300
Credit Agricole Corpora 11.640 3/24/2027 TRY 60.907
Erste Group Bank AG 5.500 8/2/2025 EUR 46.500
UniCredit Bank AG 4.650 7/30/2024 EUR 72.340
UniCredit Bank AG 3.950 7/30/2024 EUR 72.850
Norddeutsche Landesbank 0.925 7/23/2036 EUR 62.080
Landesbank Hessen-Thuer 0.900 8/5/2036 EUR 64.560
Landesbank Baden-Wuertt 2.600 1/26/2024 EUR 63.340
Landesbank Baden-Wuertt 3.000 1/26/2024 EUR 73.910
DZ Bank AG Deutsche Zen 1.510 6/25/2031 EUR 74.720
Region de Bruxelles-Cap 0.761 7/2/2041 EUR 56.550
Region de Bruxelles-Cap 0.796 7/2/2042 EUR 57.541
Region de Bruxelles-Cap 0.829 7/2/2043 EUR 56.328
DZ Bank AG Deutsche Zen 0.390 7/2/2031 EUR 71.157
BNP Paribas SA 0.720 7/1/2031 EUR 74.453
Leonteq Securities AG/G 6.000 1/9/2024 CHF 49.080
Norddeutsche Landesbank 0.500 7/28/2031 EUR 72.709
Landesbank Hessen-Thuer 1.750 8/4/2036 EUR 63.400
Norddeutsche Landesbank 0.700 8/3/2033 EUR 67.794
Norddeutsche Landesbank 0.950 8/3/2033 EUR 69.668
Banque Internationale a 1.600 7/7/2036 EUR 71.291
Region de Bruxelles-Cap 1.029 1/14/2048 EUR 53.310
Single Platform Investm 1.500 3/20/2051 EUR 60.503
Landesbank Baden-Wuertt 3.300 7/25/2025 EUR 71.060
Norddeutsche Landesbank 1.390 7/9/2038 EUR 62.306
Landesbank Hessen-Thuer 0.520 7/14/2031 EUR 72.969
Region de Bruxelles-Cap 1.310 12/15/2069 EUR 41.824
Vontobel Financial Prod 17.500 9/22/2023 EUR 73.170
Vontobel Financial Prod 25.000 9/22/2023 EUR 71.440
Vontobel Financial Prod 15.000 9/22/2023 EUR 69.020
Vontobel Financial Prod 18.500 9/22/2023 EUR 70.780
Vontobel Financial Prod 9.000 9/22/2023 EUR 69.860
Vontobel Financial Prod 14.000 9/22/2023 EUR 57.000
Vontobel Financial Prod 18.500 9/22/2023 EUR 63.140
Vontobel Financial Prod 12.500 9/22/2023 EUR 73.820
Vontobel Financial Prod 17.500 9/22/2023 EUR 55.530
Vontobel Financial Prod 13.500 9/22/2023 EUR 70.760
Vontobel Financial Prod 12.000 9/22/2023 EUR 72.610
Vontobel Financial Prod 15.000 9/22/2023 EUR 69.100
Vontobel Financial Prod 12.500 9/22/2023 EUR 71.650
Single Platform Investm 2.250 2/15/2044 EUR 74.994
Vontobel Financial Prod 21.000 9/22/2023 EUR 70.670
Vontobel Financial Prod 13.000 9/22/2023 EUR 60.500
UBS AG/London 19.000 7/15/2024 CHF 70.900
Landesbank Baden-Wuertt 9.300 5/24/2024 EUR 73.330
DZ Bank AG Deutsche Zen 7.250 12/20/2023 EUR 59.710
Landesbank Baden-Wuertt 3.000 2/27/2026 EUR 61.590
DZ Bank AG Deutsche Zen 1.250 2/23/2037 EUR 67.450
Bank Vontobel AG 10.750 2/12/2024 CHF 61.200
UBS AG/London 8.250 9/4/2023 CHF 47.850
Raiffeisenlandesbank Ob 1.480 2/17/2042 EUR 69.753
Landesbank Baden-Wuertt 7.200 6/28/2024 EUR 74.580
Luzerner Kantonalbank A 3.600 7/6/2026 EUR 56.430
Landesbank Hessen-Thuer 1.500 12/16/2036 EUR 66.600
UBS AG/London 7.250 11/10/2023 CHF 55.600
UBS AG/London 8.500 11/10/2023 CHF 10.920
Raiffeisen Switzerland 8.200 11/8/2023 EUR 68.730
Landesbank Baden-Wuertt 3.000 11/28/2025 EUR 71.930
Metropolis of Grenoble- 0.700 11/18/2033 EUR 74.936
Citigroup Global Market 1.370 7/27/2051 EUR 52.852
Societe Generale SA 5.500 8/1/2024 USD 47.400
Landesbank Hessen-Thuer 0.900 8/4/2036 EUR 64.526
Natixis SA 2.930 7/29/2051 AUD 49.745
Citigroup Global Market 0.660 8/25/2033 EUR 67.823
Norddeutsche Landesbank 0.550 8/30/2033 EUR 66.410
Ville de Paris 0.921 5/26/2053 EUR 47.704
Vontobel Financial Prod 18.500 9/22/2023 EUR 68.680
Vontobel Financial Prod 19.500 9/22/2023 EUR 66.960
Vontobel Financial Prod 16.500 9/22/2023 EUR 72.590
Vontobel Financial Prod 17.500 9/22/2023 EUR 70.600
UniCredit Bank AG 16.550 8/18/2025 USD 55.430
Swissquote Bank SA 23.600 9/26/2023 CHF 41.280
AlphaNotes ETP Dac 1.000 9/15/2032 USD 65.709
Bank Vontobel AG 7.500 10/2/2023 CHF 49.600
UBS AG/London 16.000 4/1/2024 USD 70.150
UBS AG/London 16.000 10/2/2023 CHF 43.700
Leonteq Securities AG/G 10.000 10/11/2023 USD 74.720
Nederlandse Waterschaps 1.870 11/8/2057 EUR 70.537
Leonteq Securities AG/G 11.000 10/11/2023 USD 74.620
Nordea Bank Abp 8.260 7/20/2028 SEK 71.050
Leonteq Securities AG/G 25.800 9/29/2023 CHF 36.160
Landesbank Baden-Wuertt 9.250 3/22/2024 EUR 45.020
Landesbank Baden-Wuertt 11.000 3/22/2024 EUR 41.760
Landesbank Baden-Wuertt 12.500 3/22/2024 EUR 39.320
Landesbank Hessen-Thuer 1.200 2/9/2052 EUR 60.279
Wirtschafts- und Infras 0.650 2/8/2039 EUR 67.621
Muenchener Hypothekenba 1.230 2/11/2042 EUR 68.704
Norddeutsche Landesbank 1.250 3/8/2034 EUR 71.144
Caisse des Depots et Co 1.150 2/3/2042 EUR 62.267
Bank Vontobel AG 7.500 2/5/2024 CHF 65.400
Norddeutsche Landesbank 1.300 3/16/2037 EUR 65.118
Landesbank Baden-Wuertt 3.000 2/27/2026 EUR 73.410
Leonteq Securities AG/G 8.000 2/14/2024 CHF 72.960
DZ Bank AG Deutsche Zen 1.030 2/23/2034 EUR 71.340
Landesbank Baden-Wuertt 3.000 2/27/2026 EUR 67.570
Caisse Francaise de Fin 0.865 2/17/2042 EUR 62.716
UBS AG/London 9.500 9/4/2023 CHF 72.150
NRW Bank 1.341 2/17/2039 EUR 74.931
DZ Bank AG Deutsche Zen 12.400 9/27/2024 EUR 66.570
DZ Bank AG Deutsche Zen 13.300 9/27/2024 EUR 65.850
DZ Bank AG Deutsche Zen 14.200 9/27/2024 EUR 65.180
DZ Bank AG Deutsche Zen 15.100 9/27/2024 EUR 64.570
DZ Bank AG Deutsche Zen 16.000 9/27/2024 EUR 64.080
DZ Bank AG Deutsche Zen 17.000 9/27/2024 EUR 63.750
DZ Bank AG Deutsche Zen 18.000 9/27/2024 EUR 63.480
DZ Bank AG Deutsche Zen 8.800 9/27/2024 EUR 72.840
DZ Bank AG Deutsche Zen 9.400 9/27/2024 EUR 71.230
DZ Bank AG Deutsche Zen 10.100 9/27/2024 EUR 69.870
DZ Bank AG Deutsche Zen 10.800 9/27/2024 EUR 68.590
DZ Bank AG Deutsche Zen 11.600 9/27/2024 EUR 67.560
Bank Julius Baer & Co L 22.300 9/26/2023 CHF 41.350
SG Issuer SA 1.750 4/21/2034 EUR 61.950
Bank Julius Baer & Co L 6.750 8/29/2023 CHF 73.900
Zurcher Kantonalbank Fi 8.500 2/23/2024 CHF 73.710
Region Occitanie 1.282 5/25/2040 EUR 66.148
Landesbank Hessen-Thuer 1.350 4/6/2034 EUR 74.359
Nordea Bank Abp 2.000 3/25/2027 SEK 65.140
BNP Paribas Emissions- 4.320 2/22/2024 EUR 62.150
Erste Group Bank AG 1.650 3/23/2037 EUR 64.276
Landesbank Baden-Wuertt 5.400 12/22/2023 EUR 67.660
Landesbank Baden-Wuertt 3.350 10/27/2023 EUR 68.360
Landesbank Baden-Wuertt 4.700 10/27/2023 EUR 62.100
Landesbank Baden-Wuertt 2.300 2/28/2025 EUR 66.050
Landesbank Baden-Wuertt 2.200 4/28/2025 EUR 67.080
Landesbank Baden-Wuertt 2.100 12/22/2023 EUR 60.250
DekaBank Deutsche Giroz 2.400 9/1/2023 EUR 52.830
DekaBank Deutsche Giroz 2.000 8/30/2024 EUR 62.310
DekaBank Deutsche Giroz 2.400 3/14/2025 EUR 70.830
Landesbank Baden-Wuertt 4.200 3/22/2024 EUR 69.180
Landesbank Baden-Wuertt 3.700 3/22/2024 EUR 70.860
Landesbank Baden-Wuertt 5.250 3/22/2024 EUR 64.390
Landesbank Baden-Wuertt 3.000 3/22/2024 EUR 69.290
Landesbank Baden-Wuertt 4.500 3/22/2024 EUR 71.840
Landesbank Baden-Wuertt 5.600 3/22/2024 EUR 67.890
UBS AG/London 4.000 5/26/2026 SEK 53.450
UBS AG/London 4.000 8/3/2026 SEK 44.090
Leonteq Securities AG/G 6.000 2/7/2024 CHF 55.610
Leonteq Securities AG/G 7.000 2/7/2024 CHF 69.630
DZ Bank AG Deutsche Zen 2.120 12/29/2031 EUR 73.230
Landesbank Baden-Wuertt 0.720 2/25/2032 EUR 74.852
Muenchener Hypothekenba 1.275 2/11/2042 EUR 69.203
Landesbank Hessen-Thuer 1.350 3/16/2037 EUR 68.238
Landesbank Hessen-Thuer 1.150 3/9/2037 EUR 66.334
Ville de Paris 1.165 6/9/2053 EUR 50.236
Norddeutsche Landesbank 1.500 3/16/2037 EUR 66.693
Landesbank Hessen-Thuer 0.730 2/11/2032 EUR 74.897
Landesbank Hessen-Thuer 2.000 3/16/2037 EUR 67.100
DZ Bank AG Deutsche Zen 1.300 12/29/2031 EUR 73.420
Banque Internationale a 1.250 2/18/2041 EUR 56.795
Banque Internationale a 1.000 2/18/2036 EUR 63.078
Credit Agricole CIB Fin 0.500 2/23/2033 EUR 69.764
DZ Bank AG Deutsche Zen 0.230 2/19/2031 EUR 73.152
Caisse des Depots et Co 0.571 2/18/2041 EUR 58.976
Wellis Magyarorszag Ker 3.000 2/26/2031 HUF 67.408
Landesbank Baden-Wuertt 3.200 3/27/2026 EUR 69.770
DZ Bank AG Deutsche Zen 0.240 2/24/2031 EUR 72.994
DZ Bank AG Deutsche Zen 0.500 2/24/2031 EUR 73.676
VTB Bank PJSC 5.000 USD 45.000
DZ Bank AG Deutsche Zen 1.370 12/30/2030 EUR 74.460
Kreditanstalt fuer Wied 0.680 2/23/2051 EUR 53.991
Hamburgische Investitio 0.372 2/22/2041 EUR 61.063
Landesbank Hessen-Thuer 0.300 3/24/2031 EUR 74.450
BNP Paribas SA 0.857 2/22/2036 EUR 63.050
Kuntarahoitus Oyj 0.858 2/22/2051 EUR 61.402
Single Platform Investm 1.000 10/31/2040 EUR 61.496
Wirtschafts- und Infras 0.245 2/25/2036 EUR 68.269
Berlin Hyp AG 1.057 2/21/2059 EUR 52.421
EFG International Finan 4.500 2/26/2024 USD 46.090
Credit Agricole Corpora 2.800 2/23/2041 AUD 61.910
Standard Chartered Bank 2.470 2/24/2036 USD 71.168
DZ Bank AG Deutsche Zen 0.630 12/30/2030 EUR 73.500
Kreditanstalt fuer Wied 0.650 2/24/2041 EUR 64.500
NRW Bank 0.675 2/25/2041 EUR 64.000
Landesbank Baden-Wuertt 3.000 3/22/2024 EUR 74.050
Landesbank Baden-Wuertt 5.100 3/22/2024 EUR 58.560
NRW Bank 1.510 3/7/2046 EUR 70.545
UBS AG/London 7.640 4/20/2026 SEK 49.950
Kommunekredit 1.062 9/9/2041 EUR 68.304
Kommunekredit 0.991 3/9/2037 EUR 74.210
Landesbank Hessen-Thuer 2.000 3/10/2037 EUR 69.600
Raiffeisen Schweiz Geno 7.300 3/4/2024 CHF 57.890
DekaBank Deutsche Giroz 4.100 4/2/2026 EUR 73.320
Sberbank of Russia PJSC 0.010 7/24/2028 RUB 72.500
Citigroup Global Market 1.040 8/4/2036 EUR 64.072
Landesbank Baden-Wuertt 2.000 8/22/2025 EUR 71.950
Landesbank Baden-Wuertt 4.000 8/22/2025 EUR 69.450
Landesbank Baden-Wuertt 3.250 8/22/2025 EUR 60.370
Landesbank Saar 0.400 7/28/2031 EUR 73.946
UniCredit Bank AG 4.100 9/1/2025 EUR 74.880
Landesbank Baden-Wuertt 0.600 3/5/2036 EUR 63.710
Landesbank Baden-Wuertt 0.520 3/6/2034 EUR 67.536
Landesbank Baden-Wuertt 0.420 3/5/2032 EUR 71.668
Landesbank Baden-Wuertt 2.500 9/22/2023 EUR 73.480
UBS Group AG 2.370 2/25/2036 USD 67.742
Natixis SA 2.500 3/4/2036 USD 70.373
Region of Pays de la Lo 0.570 3/10/2036 EUR 67.420
Citigroup Global Market 1.000 3/19/2041 EUR 56.142
Citigroup Global Market 0.520 3/19/2033 EUR 67.960
Credit Agricole Corpora 0.310 2/24/2033 EUR 68.288
SG Issuer SA 0.021 6/14/2033 EUR 74.470
DZ Bank AG Deutsche Zen 20.900 3/22/2024 EUR 71.640
Bank Julius Baer & Co L 15.000 8/29/2023 CHF 40.800
Nederlandse Waterschaps 1.500 3/10/2042 EUR 72.246
Vontobel Financial Prod 7.700 8/30/2023 EUR 61.060
Region Occitanie 1.229 5/25/2038 EUR 72.058
Region Occitanie 1.238 3/2/2039 EUR 70.716
Landesbank Baden-Wuertt 4.200 12/22/2023 EUR 72.610
Landesbank Baden-Wuertt 2.400 6/27/2025 EUR 61.260
Landesbank Baden-Wuertt 3.600 2/27/2026 EUR 72.040
DekaBank Deutsche Giroz 2.300 9/20/2024 EUR 59.350
DekaBank Deutsche Giroz 4.150 7/26/2024 EUR 56.710
Norddeutsche Landesbank 0.900 12/8/2031 EUR 74.614
Department of Loiret Fr 0.915 11/23/2043 EUR 58.905
Muenchener Hypothekenba 1.692 11/6/2051 EUR 61.412
Landesbank Hessen-Thuer 1.000 12/10/2036 EUR 65.067
Vontobel Financial Prod 8.400 12/4/2023 EUR 69.020
Bank Vontobel AG 8.500 11/3/2023 CHF 34.200
Leonteq Securities AG/G 6.000 11/8/2023 CHF 63.310
Norddeutsche Landesbank 1.150 12/6/2033 EUR 70.742
Norddeutsche Landesbank 1.250 12/3/2036 EUR 64.715
Republic of Ireland Int 1.100 11/12/2096 EUR 41.628
UBS AG/London 9.500 11/8/2023 USD 9.900
Norddeutsche Landesbank 0.650 12/3/2031 EUR 72.998
UBS AG/London 6.250 11/10/2023 CHF 63.300
UBS AG/London 9.250 11/10/2023 CHF 59.300
Vontobel Financial Prod 4.000 11/30/2023 EUR 64.750
DZ Bank AG Deutsche Zen 0.180 12/7/2032 EUR 72.704
DZ Bank AG Deutsche Zen 0.810 12/30/2030 EUR 73.430
Kreditanstalt fuer Wied 0.880 12/7/2050 EUR 57.073
Region Centre 0.390 12/4/2042 EUR 51.517
DZ Bank AG Deutsche Zen 1.140 12/30/2030 EUR 72.770
DZ Bank AG Deutsche Zen 0.880 12/30/2030 EUR 71.810
Oberoesterreichische La 0.763 12/15/2050 EUR 50.742
Norddeutsche Landesbank 0.825 1/14/2036 EUR 62.141
Aktia Bank Oyj 0.965 12/11/2040 EUR 56.357
Wirtschafts- und Infras 0.170 12/9/2041 EUR 55.243
Kreditanstalt fuer Wied 0.943 6/9/2050 EUR 58.825
Landesbank Hessen-Thuer 0.650 1/14/2036 EUR 63.460
UBS AG/London 14.250 7/12/2024 EUR 71.150
BPCE SA 1.820 12/4/2030 USD 74.085
DZ Bank AG Deutsche Zen 2.000 12/30/2030 EUR 74.000
Caisse des Depots et Co 1.005 11/5/2050 EUR 50.727
DZ Bank AG Deutsche Zen 0.290 12/2/2030 EUR 74.567
Bayerische Landesbank 0.500 12/2/2030 EUR 73.125
Kreditanstalt fuer Wied 0.830 12/9/2050 EUR 56.693
Societe Generale SA 2.050 12/2/2035 USD 58.692
Pannon Work Szemelyzeti 3.000 10/30/2030 HUF 70.450
Agence France Locale 0.330 12/20/2040 EUR 57.371
Credit Industriel Et Co 2.070 12/4/2035 USD 65.706
Nomura Bank Internation 0.450 12/3/2030 EUR 74.495
Region de Bruxelles-Cap 0.453 12/7/2055 EUR 34.587
Nomura Bank Internation 0.400 12/3/2030 EUR 73.832
SG Issuer SA 1.050 11/20/2025 EUR 12.220
DZ Bank AG Deutsche Zen 0.600 12/4/2035 EUR 62.933
DZ Bank AG Deutsche Zen 0.640 12/7/2035 EUR 63.232
DZ Bank AG Deutsche Zen 0.300 12/9/2030 EUR 74.406
Nordea Bank Abp 2.000 12/29/2025 SEK 51.270
Deutsche Pfandbriefbank 0.320 12/9/2030 EUR 69.192
DZ Bank AG Deutsche Zen 0.350 11/14/2031 EUR 72.499
Ville de Paris 0.650 11/25/2070 EUR 32.657
Single Platform Investm 1.082 3/17/2039 EUR 63.801
Landesbank Hessen-Thuer 0.550 11/26/2030 EUR 74.471
Nederlandse Waterschaps 1.000 11/24/2050 EUR 56.849
Region de Bruxelles-Cap 0.556 12/23/2064 EUR 29.003
Credit Agricole CIB Fin 0.400 12/4/2032 EUR 68.428
Single Platform Investm 1.050 3/17/2039 EUR 63.444
Landeskreditbank Baden- 0.170 12/10/2035 EUR 68.919
Caisse des Depots et Co 0.982 11/6/2050 EUR 50.343
Single Platform Investm 0.720 3/20/2051 EUR 48.261
Raiffeisen Switzerland 3.000 11/28/2023 USD 59.530
LFA Foerderbank Bayern 0.250 9/30/2039 EUR 61.116
Wirtschafts- und Infras 0.200 12/2/2043 EUR 52.127
EFG International Finan 4.900 12/4/2023 USD 50.340
Zurcher Kantonalbank Fi 10.000 7/12/2024 EUR 69.080
Landesbank Baden-Wuertt 5.250 9/22/2023 EUR 68.370
Raiffeisen Schweiz Geno 8.000 12/4/2023 CHF 74.280
Bank Vontobel AG 10.000 3/4/2024 EUR 59.500
Bank Vontobel AG 9.000 3/4/2024 CHF 73.200
Landesbank Hessen-Thuer 1.750 4/14/2037 EUR 72.568
Landesbank Baden-Wuertt 7.250 8/23/2024 EUR 68.260
Landesbank Hessen-Thuer 0.250 1/13/2031 EUR 74.704
Norddeutsche Landesbank 0.740 12/11/2031 EUR 72.928
Norddeutsche Landesbank 0.600 1/14/2031 EUR 74.934
UniCredit Bank AG 5.800 1/12/2024 EUR 28.660
DZ Bank AG Deutsche Zen 0.700 12/30/2030 EUR 74.590
MetMax Europe Zrt 3.000 12/11/2030 HUF 70.900
Single Platform Investm 0.457 2/15/2046 EUR 48.199
Credit Agricole Corpora 11.190 1/15/2026 TRY 67.596
Landesbank Hessen-Thuer 0.750 1/21/2036 EUR 64.319
UniCredit Bank AG 4.000 1/26/2024 EUR 72.500
Credit Agricole CIB Fin 0.390 12/16/2032 EUR 68.247
Kreditanstalt fuer Wied 0.918 10/11/2050 EUR 57.839
Landesbank Hessen-Thuer 0.400 1/21/2031 EUR 74.895
DZ Bank AG Deutsche Zen 0.300 12/30/2030 EUR 73.980
DZ Bank AG Deutsche Zen 0.480 12/30/2030 EUR 74.220
DekaBank Deutsche Giroz 2.000 1/12/2024 EUR 69.580
Credit Agricole Corpora 11.550 1/28/2026 TRY 66.741
Muenchener Hypothekenba 0.420 12/10/2035 EUR 63.195
DZ Bank AG Deutsche Zen 0.250 12/30/2030 EUR 74.061
Barclays Bank PLC 2.070 12/18/2035 USD 62.878
EFG International Finan 4.900 12/15/2023 USD 52.010
Abroncs Kereskedohaz Kf 2.800 12/17/2027 HUF 74.000
Bank Julius Baer & Co L 9.500 9/27/2023 CHF 62.550
UBS AG/London 14.250 9/21/2023 CHF 36.850
Bank Vontobel AG 20.250 9/25/2023 CHF 36.900
Basler Kantonalbank 16.000 9/28/2023 CHF 37.310
SG Issuer SA 0.021 7/7/2033 EUR 65.120
UniCredit Bank AG 16.900 3/22/2024 EUR 70.670
Leonteq Securities AG/G 26.000 4/17/2024 CHF 66.400
Landesbank Hessen-Thuer 1.500 12/10/2036 EUR 65.850
Erste Group Bank AG 6.500 12/1/2026 EUR 69.450
Leonteq Securities AG/G 16.000 9/26/2023 CHF 35.520
UBS AG/London 14.250 9/21/2023 CHF 38.700
DekaBank Deutsche Giroz 2.300 8/9/2024 EUR 70.500
DZ Bank AG Deutsche Zen 17.500 6/28/2024 EUR 69.770
DZ Bank AG Deutsche Zen 24.400 12/22/2023 EUR 63.710
UniCredit Bank AG 19.600 9/22/2023 EUR 66.210
UniCredit Bank AG 19.300 12/22/2023 EUR 67.650
UniCredit Bank AG 15.200 6/28/2024 EUR 73.140
Citigroup Global Market 14.650 7/22/2024 HKD 33.460
Landesbank Baden-Wuertt 0.400 12/1/2031 EUR 73.137
Landesbank Baden-Wuertt 5.000 8/23/2024 EUR 72.760
SG Issuer SA 1.800 8/14/2034 EUR 66.030
Societe Generale Effekt 19.498 1/26/2024 EUR 54.570
Bank Julius Baer & Co L 18.000 2/9/2024 CHF 60.200
Norddeutsche Landesbank 1.000 1/12/2034 EUR 69.263
Leonteq Securities AG/G 6.100 12/6/2023 CHF 65.040
Ville de Paris 0.963 12/6/2051 EUR 49.694
Bank Vontobel AG 5.250 12/1/2023 CHF 72.000
UBS AG/London 0.120 5/25/2040 MXN 14.574
Region Bretagne SCI 0.544 12/7/2036 EUR 66.043
Leonteq Securities AG/G 8.800 12/7/2023 CHF 71.830
UniCredit Bank AG 4.650 12/30/2024 USD 70.500
DekaBank Deutsche Giroz 3.300 1/12/2026 EUR 61.490
Raiffeisen Schweiz Geno 8.200 12/6/2023 CHF 65.930
Raiffeisen Schweiz Geno 4.900 12/6/2023 CHF 65.780
Landesbank Baden-Wuertt 2.300 1/2/2026 EUR 71.850
Norddeutsche Landesbank 0.825 1/14/2032 EUR 73.864
Sberbank of Russia PJSC 0.010 11/27/2026 RUB 74.500
Sberbank of Russia PJSC 0.010 12/7/2026 RUB 71.110
SG Issuer SA 2.100 12/27/2033 EUR 42.980
UBS AG/London 9.500 12/8/2023 USD 51.750
UBS AG/London 7.750 12/8/2023 CHF 59.350
Landesbank Hessen-Thuer 1.500 1/20/2037 EUR 65.700
Region Occitanie 0.786 12/14/2046 EUR 52.800
UBS AG/London 8.500 12/8/2023 EUR 64.550
SG Issuer SA 2.100 12/6/2033 EUR 42.350
Landesbank Baden-Wuertt 0.520 1/7/2032 EUR 73.194
Banque Cantonale Vaudoi 5.400 12/6/2023 CHF 6.940
Corner Banca SA 8.000 12/13/2023 CHF 73.380
Leonteq Securities AG 7.000 12/13/2023 CHF 65.920
Landesbank Hessen-Thuer 0.410 12/17/2030 EUR 74.142
Bank Vontobel AG 5.000 12/11/2023 CHF 64.200
Bank Vontobel AG 7.000 12/11/2023 CHF 68.300
Leonteq Securities AG/G 7.000 12/13/2023 CHF 65.400
Landesbank Hessen-Thuer 1.580 12/16/2036 EUR 66.700
Landesbank Baden-Wuertt 9.250 2/23/2024 EUR 73.400
Landesbank Baden-Wuertt 14.000 2/23/2024 EUR 74.720
UniCredit Bank AG 10.000 12/22/2023 EUR 70.930
UniCredit Bank AG 11.700 12/22/2023 EUR 68.860
UniCredit Bank AG 13.600 12/22/2023 EUR 67.030
UniCredit Bank AG 11.100 9/22/2023 EUR 68.540
UniCredit Bank AG 13.600 9/22/2023 EUR 66.110
UniCredit Bank AG 16.600 9/22/2023 EUR 63.910
UniCredit Bank AG 8.700 12/22/2023 EUR 73.360
Leonteq Securities AG/G 20.000 2/20/2024 CHF 49.340
Leonteq Securities AG/G 21.600 2/20/2024 CHF 49.930
Zurcher Kantonalbank Fi 12.000 2/14/2024 CHF 34.770
UniCredit Bank AG 16.600 9/22/2023 EUR 73.170
UniCredit Bank AG 19.900 9/22/2023 EUR 69.620
UniCredit Bank AG 17.100 12/22/2023 EUR 73.320
DZ Bank AG Deutsche Zen 1.080 12/30/2030 EUR 74.040
Akademiska Hus AB 0.850 2/17/2033 SEK 71.649
Vontobel Financial Prod 18.000 3/22/2024 EUR 61.760
Vontobel Financial Prod 14.000 6/28/2024 EUR 67.490
Vontobel Financial Prod 16.500 6/28/2024 EUR 65.060
UniCredit Bank AG 16.500 9/22/2023 EUR 57.570
UniCredit Bank AG 17.300 12/22/2023 EUR 59.380
UniCredit Bank AG 15.500 3/22/2024 EUR 62.370
UniCredit Bank AG 14.200 6/28/2024 EUR 65.060
UniCredit Bank AG 13.000 6/28/2024 EUR 66.360
UniCredit Bank AG 14.900 12/22/2023 EUR 60.980
UniCredit Bank AG 13.900 3/22/2024 EUR 63.800
UniCredit Bank AG 12.800 9/22/2023 EUR 59.860
DZ Bank AG Deutsche Zen 10.750 12/20/2023 EUR 62.840
Barclays Bank PLC 1.011 2/1/2041 EUR 52.803
Bayerische Landesbank 0.400 7/15/2031 EUR 73.505
DZ Bank AG Deutsche Zen 0.200 10/2/2034 EUR 62.370
Landesbank Hessen-Thuer 1.000 4/9/2035 EUR 66.400
DZ Bank AG Deutsche Zen 0.300 2/12/2032 EUR 70.520
DZ Bank AG Deutsche Zen 1.150 4/30/2035 EUR 68.720
Landesbank Baden-Wuertt 0.820 2/1/2039 EUR 60.308
Norddeutsche Landesbank 1.130 2/10/2039 EUR 58.558
Citigroup Global Market 0.250 2/9/2031 EUR 73.448
Landesbank Baden-Wuertt 0.400 7/2/2031 EUR 73.590
DZ Bank AG Deutsche Zen 1.350 12/30/2030 EUR 73.290
Aktia Bank Oyj 0.690 2/4/2036 EUR 62.880
Kuntarahoitus Oyj 0.040 2/9/2034 EUR 71.564
Landesbank Baden-Wuertt 0.436 9/25/2031 EUR 73.238
NRW Bank 0.420 2/8/2039 EUR 64.135
Caisse des Depots et Co 0.642 2/12/2041 EUR 57.444
DZ Bank AG Deutsche Zen 0.860 12/30/2030 EUR 74.830
Landesbank Hessen-Thuer 0.500 3/10/2034 EUR 65.561
Vasutvillamosito Kft 3.000 2/3/2031 HUF 65.000
Single Platform Investm 1.013 12/20/2050 EUR 53.558
Single Platform Investm 0.780 3/5/2039 EUR 60.726
DZ Bank AG Deutsche Zen 0.310 2/10/2031 EUR 73.638
Landesbank Baden-Wuertt 0.480 2/26/2032 EUR 72.138
Landesbank Baden-Wuertt 0.570 2/27/2034 EUR 67.993
Landesbank Baden-Wuertt 0.640 2/26/2036 EUR 64.133
Communaute Francaise de 0.782 2/8/2061 EUR 38.776
Kreditanstalt fuer Wied 0.160 2/16/2036 EUR 68.237
NRW Bank 0.642 2/9/2051 EUR 52.679
Muenchener Hypothekenba 0.335 2/10/2031 EUR 74.552
Region de Bruxelles-Cap 0.650 2/15/2061 EUR 34.155
Caisse des Depots et Co 1.018 2/16/2051 EUR 50.716
Landesbank Hessen-Thuer 1.000 3/17/2036 EUR 62.000
Landesbank Hessen-Thuer 0.750 3/18/2036 EUR 63.959
DZ Bank AG Deutsche Zen 0.600 2/19/2036 EUR 62.413
Landesbank Baden-Wuertt 0.620 2/18/2036 EUR 63.991
Norddeutsche Landesbank 0.525 3/10/2033 EUR 67.558
Norddeutsche Landesbank 0.400 3/11/2031 EUR 73.291
Muenchener Hypothekenba 0.400 8/11/2031 EUR 73.806
Norddeutsche Landesbank 0.650 3/10/2031 EUR 74.801
EFG International Finan 4.500 2/12/2024 USD 47.170
Landesbank Hessen-Thuer 0.600 3/18/2036 EUR 62.578
NRW Bank 0.729 2/11/2051 EUR 54.219
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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.
Marites O. Claro, Rousel Elaine T. Fernandez, Joy A. Agravante,
Julie Anne L. Toledo, Ivy B. Magdadaro, and Peter A. Chapman,
Editors.
Copyright 2023. All rights reserved. ISSN 1529-2754.
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