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

                          E U R O P E

          Monday, January 29, 2024, Vol. 25, No. 21

                           Headlines



F I N L A N D

AMER SPORTS: Moody's Puts 'B2' CFR Under Review for Upgrade


F R A N C E

EMERIA SASU: Fitch Alters Outlook on 'B' LongTerm IDR to Negative


G E R M A N Y

BRANICKS GROUP: S&P Downgrades LT ICR to 'CCC+', Outlook Negative
GIGASET AG: Muenster Court Opens Insolvency Proceedings
SIRPLUS: Files for Insolvency Amid Financial Challenges


I R E L A N D

NASSAU EURO II: Fitch Affirms 'B-sf' Rating on Class F Notes


L U X E M B O U R G

FS LUXEMBOURG: Moody's Rates New $500MM Sr. Unsecured Notes 'Ba3'


R U S S I A

ASIA INSURANCE: S&P Raises Financial Strength Rating to 'B'
UZAUTO MOTORS: S&P Affirms 'B+/B' ICRs on Expected Growth


U N I T E D   K I N G D O M

60 CURZON: Goes Into Administration, Project Put Up for Sale
FOUR FINANCIAL: Nine Jobs Saved Following Pre-pack Deal
MERLIN ENTERTAINMENTS: S&P Rates New $500MM Sr. Secured Notes 'B+'
MOTION MIDCO: Planned Notes Issuance No Impact on Moody's 'B3' CFR
PLANET HOLDCO 2: Moody's Assigns 'B2' CFR, Outlook Stable

RECYCLING LIVES: Two Divisions Bought Out of Administration
STONEGATE PUB: Fitch Puts 'B-' LongTerm IDR on Watch Negative
TOFT GREEN: Enters Liquidation, Owes GBP3.68MM to Creditors
TORO PRIVATE I: S&P Raises LongTerm ICR to 'CCC+', Outlook Stable


X X X X X X X X

[*] BOND PRICING: For the Week January 22 to January 26, 2024

                           - - - - -


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

AMER SPORTS: Moody's Puts 'B2' CFR Under Review for Upgrade
-----------------------------------------------------------
Moody's Investors Service has placed sports equipment and apparel
maker Amer Sports Holding 1 Oy's (Amer Sports or the company)
ratings on review for upgrade, including the B2 long term corporate
family rating and the B2-PD probability of default rating.
Concurrently, Moody's has placed on review for upgrade the B2
backed senior secured ratings on the EUR1,700 million senior
secured term loan B (TLB) due March 2026 and on the EUR315 million
senior secured revolving credit facility (RCF) due October 2025,
both borrowed by Amer Sports' subsidiary, Amer Sports Holding Oy.
The outlook was previously stable.

The rating action follows the company's announcement on January 22,
2024 that it had filed with the US Securities and Exchange
Commission (SEC) the preliminary document for the initial public
offering (IPO) of Amer Sports on the New York Stock Exchange.
Moody's understand that concurrently the company is looking to
refinance its current bank debt.

"Moody's have placed Amer Sports' B2 ratings on review for upgrade
following the IPO filing mainly to reflect the increased financial
flexibility through access to public equity markets and the
improved liquidity, as well as the positive, albeit moderate,
impact on adjusted leverage. Moody's note that, prior to the
IPO-related announcement, the company's ratings were strongly
positioned in the B2 rating category," says Giuliana Cirrincione,
Moody's lead analyst for Amer Sports.  Moody's expects to conclude
the review process after the completion of the IPO and the
refinancing, and indicates that the review process is likely to
result in an upgrade of all ratings between one and two notches.

The decision to place the ratings on review for upgrade reflects
corporate governance considerations because Moody's expects that
Amer Sports, as a publicly listed company, will pursue a more
conservative and transparent financial policy. Financial strategy
and risk management are governance considerations under Moody's
General Principles for Assessing Environmental, Social and
Governance Risks methodology.

RATINGS RATIONALE / FACTORS THAT COULD LEAD TO AN UPGRADE OR
DOWNGRADE OF THE RATINGS

The proceeds from the IPO, expected to be up to $1.8 billion
(EUR1.7 billion), will be used to prepay the EUR1.3 billion Term
Loan A (TLA) due March 2025 and issued by an holding company above
Amer Sports' restricted group. The remaining amount will be used to
repay drawings under the company's RCF. The IPO transaction is
credit positive because the expected debt repayment will result in
a reduction of approximately 0.5x in the Moody's adjusted debt to
EBITDA ratio to around 4.0x in December 2023 as estimated by the
rating agency and pro-forma for the proposed IPO. Moody's
anticipates further de-leveraging in the next 12-18 months as the
company's retail expansion strategy in China and the US, together
with still supportive consumer spending, will continue to drive
earnings growth.

While the repayment of the TLA would be leverage-neutral because
the instrument is not included in the Moody's adjusted leverage
ratio, it is still credit positive because it would  simplify the
group structure and remove the overhang that the debt at the
holding company level represented for Amer Sports. In this respect
Moody's also anticipates lower cash leakage once the TLA has been
repaid.

Amer Sports is also looking to refinance its outstanding senior
secured credit facilities, conditional upon the completion of the
IPO, with a combination of USD- and EUR-denominated notes and loans
of the same amount and seniority. As part of the refinancing
process, the company is increasing the size of its committed RCF to
$800 million, from $337 million currently (EUR315
million-equivalent). As a result, Moody's expects that it will
withdraw the ratings on the company's existing debt instruments
once they are repaid.

The refinancing of the outstanding RCF and TLB, if successfully
completed with a sustainable cost of debt, will be credit positive
because it will extend the company's debt maturity profile, with
the maturity wall pushed by five and seven years, from September
2025 and March 2026, respectively. Following this transaction, Amer
Sports will also increase significantly the availability of its
external liquidity sources.

Moody's expects the company to maintain a balanced financial policy
for a public company. Positively, the IPO will diversify the
group's funding structure, providing access to equity capital
markets. It may also lead to less concentrated ownership, although
Anta Sports and the Consortium will continue to own a significant
portion of Amer Sports' shares post completion of the IPO.

The review process will focus on (1) the group's new ownership
structure and strategic objectives, (2) its financial policy post
IPO, including the successful refinancing of its outstanding bank
facilities, and (3) an evaluation of the current and forecasted
operating trends and free cash flow generation capacity. As a
result, Amer Sports' ratings will likely be upgraded by either one
or two notches.

Before the ratings were placed on review, Moody's stated that:

Positive pressure on the ratings could materialise over time if the
company executes successfully on its retail expansion plan, such
that (1) its Moody's adjusted gross debt to EBITDA ratio moves
towards 5.0x, (2) its free cash flow generation is consistently
positive, and (3) it maintains a solid liquidity profile.

Negative pressure on the ratings could materialize if the company's
operating performance weakens or it engages in large debt-financed
acquisitions that lead to an increase in Moody's-adjusted gross
debt to EBITDA above 6.5x, while its Moody's-adjusted EBIT to
interest ratio drops below 1.2x. Negative pressure would also build
up in case of a deterioration in the company's liquidity profile,
as a result of sustained negative free cash flow generation or
reduced capacity under its financial covenant.

PRINCIPAL METHODOLOGY

The principal methodology used in these ratings was Consumer
Durables published in September 2021.

COMPANY PROFILE

Domiciled in Helsinki, Finland, Amer Sports is a global sporting
goods company, with sales in more than 100 countries across EMEA,
the Americas and APAC. Focused on outdoor sports, its product
offering includes apparel, footwear, winter sports equipment and
other sports accessories. Amer Sports owns a portfolio of globally
recognised brands such as Arc'teryx Salomon, Wilson, Peak
Performance and Atomic, encompassing a broad range of sports,
including alpine skiing, running, tennis, baseball, American
football, hiking and golf. In the last twelve months ended
September 2023, Amer Sports generated revenue of around EUR4
billion (2022: EUR3.4 billion) and company-adjusted EBITDA, that
is, excluding non-recurring items and IFRS 16 impact, of EUR500
million (2022: EUR357 million).




===========
F R A N C E
===========

EMERIA SASU: Fitch Alters Outlook on 'B' LongTerm IDR to Negative
-----------------------------------------------------------------
Fitch Ratings has revised the Outlook on Emeria SASU's Long-Term
Issuer Default Rating (IDR) to Negative from Stable and affirmed
the IDR at 'B'. Fitch has also affirmed Emeria's senior secured
debt rating at 'B+' with a Recovery Rating of 'RR3' (52%).

The Negative Outlook reflects Emeria's continued elevated leverage,
which remains high for a 'B' rating, as a result of high M&A
activity in 2022 and 2023. Fitch expects that strong free cash flow
(FCF) and management's announced intention to deleverage, including
a more conservative approach to acquisitions, should result in
lower leverage that is within Fitch's rating sensitivities by 2026.
Lower M&A activity also reduces integration costs, which Fitch
includes in Emeria's EBITDA. However, debt-funded acquisitions
without reducing near-term leverage would adversely affect the
rating.

The ratings are supported by the recurring nature of the majority
of Emeria's residential real estate services (RRES), stable
reported profit margins and a sticky customer base. Emeria has a
leading position in the highly-fragmented French RRES market, with
its large scale providing a distinct advantage over its smaller,
fragmented, competitor base. The acquisition of Chestertons has
increased its UK footprint.

KEY RATING DRIVERS

High Leverage: Fitch forecasts Emeria's EBITDA gross leverage at a
high 11.2x in 2023 (around 10.5x on annualised basis) reflecting a
part-year contribution from acquisitions (including Chestertons),
around EUR75 million of integration expenses and EUR85 million of
one-off deferred payments from acquisitions in previous years.
Fitch expects some EBITDA improvement, helped by lower integration
expenses. Robust FCF generation and recurring revenues should allow
the company to reduce leverage to 6.4x in 2026, although this
depends on future acquisition appetite.

Low Interest Coverage Ratio: The increase in interest rates and
higher integration expenses resulted in a lower interest coverage
ratio (ICR; forecast at 1.5x in 2023). Emeria maintains a 75% hedge
ratio (fixed and hedged interest rate debt-to-total debt excluding
the revolving credit facility (RCF)). At end-3Q23, this meant
almost 64% of Emeria's floating interest rate debt was capped at 1%
against Euribor. As this cap matures at end-2024, Emeria procured a
two-year deferred cap with the strike rate (4%) reflecting the
current interest rate environment. Fitch forecasts the ICR will
increase to 2.4x in 2026 as Emeria continues its EBITDA growth.

Deleveraging Plans: Emeria's announced plan for cash-flow leverage
reduction includes EBITDA margin improvements from an optimisation
of the brokerage business and efficiency gains from implementation
of a proprietary resource planning system (Millennium; full
deployment by end-2023) and the related introduction of a more
efficient operational model. The assumed reduction in M&A activity,
with a focus on bolt-ons acquired at lower EBITDA multiples, means
lower M&A-related integration expenses. Emeria has not communicated
specific leverage reduction targets.

Chestertons Acquisition: In October 2023, Emeria opportunistically
acquired the UK operations of Chestertons, a London-based,
long-standing estate agent with 31 branches. The acquisition,
completed at a below-6x EBITDA multiple, was funded using its RCF.
The acquired leasing management & lettings (LM&L) operations of
Chestertons will complement Emeria's joint property management
(JPM) FirstPort segment, creating a similar RRES offer mix in the
UK to that which Emeria provides to its clients in France.

Brokerage Adversely Affected: The volume of residential property
market transactions in France has decreased due to increased
mortgage rates, a decline in access to mortgage financing and
overall weaker consumer sentiment. Prices have remained stable.
This had an impact on the results of Emeria's brokerage business
(13% of total revenues in 2022), with 9M23 revenues decreasing yoy
to EUR103 million (18% lower than 9M22), and Efficity, an online
brokerage unit with revenues at EUR43 million (16% lower).

Stable RRES Business: Around 75% of group revenues (RRES in France
and abroad) are recurring and largely independent of economic
cycles, which contributes to the stability and visibility of the
group's financial profile. Most of Emeria's contracts with its
customers allow an increase in pricing, but this takes time as fees
are either indexed or renegotiated annually with the process spread
out through the year. This means that increases are only partially
reflected in 9M23 results. In JPM, Emeria has negotiated on average
3% price increases. In LM&L, fees are a proportion of rents paid by
tenants, but the regulations have capped rent increases at 3.5%
until March 2024.

Acquisition-Driven Growth: Despite the brokerage revenue decline,
Emeria's 9M23 total revenues and reported EBITDA increased by 13.2%
yoy, due to acquisitions. Acquisitions remain Emeria's main
strategy to gain market share in the JPM and LM segments, but
management has reduced M&A activity from 2022's high levels. In
9M23, Emeria completed 41 acquisitions (9M22: 55) but these were
smaller than 2022 when except for Firstport, Emeria also acquired
mid-sized entities including Billon in France. Smaller bolt-on
acquisitions limit execution risk.

Concentration on France: France remains Emeria's key market, with
2.2 million dwellings under management at end-3Q23 (5% increase
versus end-3Q22), which translates to around a 15% market share,
ahead of Citya Immobilier and Nexity with around 7% each. The share
of 9M23 revenues generated abroad increased to 23% (9M22: 15%).
This was the result of Firstport's contribution (acquired in
November 2022) in the UK and acquisitions in Benelux, while
revenues in Germany decreased by EUR12.3 million (25% versus 9M22).
The contribution from Chestertons will further reduce Emeria's
reliance on the French market in 2024.

Regulatory Risk: RRES in France operates within various regulatory
frameworks. Changes in regulations, intended to protect smaller
market participants like private landlords, tenants or apartment
buyers, could adversely affect profit margins of residential
property-servicing companies. The increased regulatory obligations
also limit competition as smaller companies lack the scale to cope
with the regulatory burden while remaining profitable.

DERIVATION SUMMARY

Emeria's rating derivation versus peers is more a function of the
characteristics of a broad peer group than specific companies.
Fitch used peers from its business services market portfolio. The
key characteristics of the peer group include: (i) generally strong
recurring revenue streams or stable customer base; (ii) a focus on
a single geographical market; (iii) defensible market positions and
reputational value; (iv) exposure to regulatory risk; (v) growth
strategy dependent on bolt-on acquisitions; and (vi) high, but
sustainable, leverage supported by moderate cash flow.

Emeria commands higher margins, has strong cash-flow generation and
a stronger competitive position than some of its peers, but it is
also more reliant on ongoing M&A to meet growth targets.

KEY ASSUMPTIONS

Fitch's Key Assumptions Within Its Rating Case for the Issuer

- Revenue CAGR of 8% in 2024-2026, supported by ongoing M&A

- RRES division in France to grow organically by about 2% per year
until 2025, supported by an increase in prices

- Revenue and EBITDA arising from bolt-on acquisitions made in 2023
and the following years are annualised

- Fitch deducts from EBITDA EUR75 million integration costs related
to acquisitions in 2023 and around EUR30 million annually in
2023-2026's acquisitions

- About EUR360 million on bolt-on acquisitions during 2024-2026 at
a Fitch-assumed 5.5x EBITDA multiple, 25% EBITDA margin, and
financed mostly from FCF

RECOVERY ANALYSIS

The recovery analysis assumes that Emeria would be reorganised as a
going concern (GC) in bankruptcy rather than liquidated.

Fitch has estimated a GC EBITDA for Emeria of EUR315 million
including the full-year EBITDA contribution from acquisitions
completed during 2023 and no integration expenses. In 2024, the
first full year of trading after the acquisitions of Chestertons
and bolt-ons from 2023, Fitch expects EBITDA of EUR398 million. In
its view, a default would be the result of an impairment of the
core RRES business segment leading to a diminished market position,
possibly as a result of regulatory changes.

An enterprise value (EV) multiple of 6.0x EBITDA is applied to the
GC EBITDA to calculate a post-reorganisation EV. The multiple is
explained by (i) low customer churn; (ii) stable demand for
Emeria's services; and (iii) highly recurring revenue. The same
6.0x EV multiple was applied in its previous recovery analysis.

Fitch has included EUR33 million super-senior loans at the
operating companies' level. The senior secured RCF of EUR438
million would be fully drawn upon default. The remaining pari passu
senior secured instruments include a term loan B and senior secured
notes totalling EUR2,763 million. Junior debt includes senior
unsecured notes of EUR250 million.

After deducting 10% for administrative claims, its principal
waterfall analysis generated a ranked recovery for the all-senior
secured capital structure of 'RR3' and 'RR6' for the senior
unsecured notes. The estimated waterfall generated recovery
computations are 52% and 0%, respectively.

RATING SENSITIVITIES

Factors that Could, Individually or Collectively, Lead to Positive
Rating Action/Upgrade

- EBITDA leverage below 5.5x on a sustained basis

- EBITDA interest cover above 3.5x on a sustained basis

- FCF (pre-M&A) margins approaching double-digits

- Successful delivery of efficiency/cost-saving programmes

Factors that Could, Individually or Collectively, Lead to Negative
Rating Action/Downgrade

- EBITDA leverage above 7.0x on a sustained basis

- EBITDA interest cover below 2.5x on a sustained basis

- FCF (pre-M&A) margins approaching 0%

- Regulatory changes adversely affecting revenue or margins

LIQUIDITY AND DEBT STRUCTURE

Satisfactory Liquidity: At end-3Q23 Emeria had EUR2 million of cash
and EUR423 million remained available under its EUR438 million RCF,
while the group's debt (except for the RCF) matures no earlier than
March 2028 with no amortising tranches. In October 2023, Emeria
financed the acquisition of Chestertons' UK operations by drawing
GBP110 million from its RCF.

ISSUER PROFILE

Emeria SASU founded in 1972, is a market leader in RRES in France.

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
   -----------            ------         --------   -----
Emeria SASU         LT IDR B    Affirmed            B

   senior
   unsecured        LT     CCC+ Affirmed   RR6      CCC+

   senior secured   LT     B+   Affirmed   RR3      B+

Flamingo Lux II SCA

   senior
   unsecured        LT     CCC+ Affirmed   RR6      CCC+




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G E R M A N Y
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BRANICKS GROUP: S&P Downgrades LT ICR to 'CCC+', Outlook Negative
-----------------------------------------------------------------
S&P Global Ratings lowered its long-term issuer credit rating on
Germany-based real estate holding company Branicks Group AG
(Branicks) and its senior unsecured debt to 'CCC+' from 'B+'. S&P's
recovery rating on the senior unsecured debt remains unchanged at
'3'.

The negative outlook reflects the risk that the company may fail to
refinance its short-term debt in a timely manner or pursue a debt
restructuring that S&P could view as a distressed exchange over the
next couple of months.

On Jan. 22, 2024, Branicks announced that it is in negotiations for
an extension of its EUR200 million bridge financing, due in July
2024, and invited promissory noteholders for an extension
negotiation of its 2024 maturities, which amount to approximately
EUR225 million. Approximately EUR225 million of Branicks' EUR569
million debt maturities in 2024 are in promissory notes at
Branicks' holding level, of which about EUR136 million will mature
in the first half of 2024. In addition, EUR200 million of its
bridge loan are due in July 2024. The company has received disposal
proceeds of about EUR211 million in the second half of 2023 and
raised funding on existing mortgage loans of approximately EUR60
million. Despite those transactions, which were mainly used to
reduce gross debt, the liquidity deficit further intensified. S&P
said, "Although our ratings currently factor in a successful and
orderly refinancing of 2024 maturities, we believe that the
sustainability of Branicks' capital structure is highly dependent
on the successful execution of its future disposal plans. We note
the company's positive rental performance for its commercial
portfolio, with solid like-for-like rental income growth in 2023 as
well as reported funds from operations of about EUR50 million, is
in line with its target and view positively the company's decision
to suspend dividends in 2024."

S&P said, "Although we currently do not anticipate a covenant
breach, the tight covenant headroom and current bond trading
underpin liquidity concerns. The company's spreads of its traded
bonds continue to exceed the sector average. We think Branicks'
ability to access debt capital markets is limited. While the
company's financial covenants under its bond documentations remain
tight, this increases the risk of a covenant breach if the company
is unable to renegotiate its upcoming financial commitments at
favorable terms and to reduce leverage in a timely manner. The bond
carries covenants related to an adjusted LTV of up to 60%, a
secured LTV of 45%, and an interest coverage ratio of at least
1.8x. We estimate that the covenant headroom as of Dec. 31, 2023,
was below 10% for Branicks' maximum 60% LTV and about 10% for the
1.8x minimum interest coverage covenant. While we expect the very
tight headroom will remain in place this year, we do not anticipate
a covenant breach. A covenant breach would lead to an event of
default under the company's bond documentation, leaving bondholders
with an acceleration right in such a scenario.

"While our base case remains broadly unchanged, funding costs will
likely increase on the back of refinancings and delayed disposals.
We expect average cost of debt will further increase to about
3.5%-4.0% over the next 12 months, leading to a S&P Global
Ratings-adjusted interest coverage ratio of 1.6x in 2024, from 1.9x
in September 2023 and 2.7x in December 2022. The calculation of the
S&P Global Ratings-adjusted ratio differs from the company's bond
covenants. In line with our previous forecast, we expect adjusted
debt to debt plus equity will remain at about 58%-59% and debt to
EBITDA at about 16x-18x over the next 12 months. As a result, we
have revised our financial risk profile to aggressive from
significant.

"We lowered to 'CCC+' our issue ratings on Branicks' senior
unsecured debt. The issue ratings on the senior unsecured debt
remain in line with the issuer credit rating. Our recovery rating
on Branicks' debt is unchanged at '3', indicating our expectation
of a 50%-70% recovery (rounded estimate: 55%) in the event of a
payment default.

"The negative outlook reflects the risk that the company may fail
to refinance its short-term debt in a timely manner or pursue a
debt restructuring that we could view as tantamount to a default
over the next couple of months. The negative outlook also reflects
our view that Branicks' debt trading levels could incentivize the
company to pursue a subpar debt exchange."

S&P could downgrade Branicks if:

-- The company failed to refinance its short-term debt maturities
and did not reach consensual agreements with bridge and promissory
note lenders;

-- S&P considers the terms of any currently negotiated agreements,
including forbearance agreements with creditors, as a distressed
exchange under our criteria;

-- S&P assesses a breach under the financial covenants as
unavoidable; or

-- A conventional default becomes more likely.

S&P could revise the outlook on the rating on Branicks to stable if
the company raised sufficient capital and restored its liquidity
while maintaining adequate headroom of at least 15% under its
financial covenants.


GIGASET AG: Muenster Court Opens Insolvency Proceedings
-------------------------------------------------------
Alina Clasen at Euractiv reports that a German local court has
opened a regular insolvency proceeding against communications
technology company Gigaset AG, Europe's market leader for wireless
phones, raising questions as to how -- or whether -- the struggling
company will be restructured.

The Muenster Local Court (Amtsgericht Muenster) in North
Rhine-Westphalia opened ordinary insolvency proceedings against
Gigaset AG, German news outlets reported on Jan. 3, Euractiv
relates.  The company also confirmed it on its website on Jan. 2.

With around 850 employees, the 175-year-old company's products
include analogue and IP-based Digital Enhanced Cordless
Telecommunications (DECT) telephones, Android smartphones,
cloud-based smart home solutions, as well as DECT telephones and
signals for companies and SMEs.

In September, the executive board of Gigaset AG, the manufacturer's
holding company, and Gigaset Communications GmbH, the operating
branch, filed applications for insolvency, Euractiv recounts.

Also in September, Gigaset Communications GmbH applied for
self-administration "with the clear objective of continuing the
business," Raphael Doerr, responsible for Gigaset's Corporate
communication, told Euractiv.

Gigaset Communications GmbH is still in the self-administration
application phase, Euractiv notes.  The process has not yet been
opened, Euractiv states.  The process of the GmbH is designed for
the continuation of the business.

"We are currently in negotiations with potential investors, which
are progressing successfully and purposefully. We are confident
that we will be able to present a strong new partner in January,
with whom we will jointly shape a promising future for Gigaset
Communications GmbH," Euractiv qouotes Mr. Doerr as saying.

For the financial year of 2022, the telephone manufacturer recorded
a turnover of EUR241 million, compared to EUR217 million in 2021,
Euractiv discloses.

In April, Gigaset's mission was to be a fast-growing "Made in
Germany" technology leader by 2025.

Five months later, the phone manufacturer filed for insolvency due
to an unexpected slump in business, Euractiv relays.

"Gigaset AG and its indirect operating subsidiary Gigaset
Communications GmbH have been subject to preliminary insolvency
proceedings since September 20, 2023," stated the interim report
for the second quarter.

"Inflation depresses consumer sentiment and significantly clouds
business prospects in the second half of 2023. Further external and
internal challenges lead to an unmanageable financial situation,"
the report added.

Euractiv understands that details of Gigaset's restructuring are
currently speculative, as this depends on the decision of the
future investors, who have yet to be identified.


SIRPLUS: Files for Insolvency Amid Financial Challenges
-------------------------------------------------------
Cate Lawrence at Tech.eu reports that Berlin impact startup SIRPLUS
filed for insolvency.

German startup SIRPLUS was founded in 2017.  It brings excess food
back into the retail cycle by selling it through subscription
boxes, including food rejected by supermarkets due to size, colour
or overproduction.

Through direct cooperation with 700 producers and wholesalers, it
substantially reduces food waste.

According to Tech.eu, operations will continue until further
notice, and SIRPLuS will work with a provisional insolvency
administrator.

The company cites various reasons for its financial challenges,
including a failed financing round and the current market
environment, Tech.eu discloses.

SIRPLuS co-founder and co-CEO Raphael Fellmer told German
publication Handelsblatt that he had not been able to
professionalize the company in time, Tech.eu relates.

By the end of 2023, the company had closed its own warehouse and
reduced the team from just under 90 to under 30 employees, Tech.eu
notes.

It's unclear how much funding SIRPLUS raised due to a lack of
public disclosure, Tech.eu states.  Still, hopefully, the
administrator, the founders, and the company's board of directors
can find a way forward.




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I R E L A N D
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NASSAU EURO II: Fitch Affirms 'B-sf' Rating on Class F Notes
------------------------------------------------------------
Fitch Ratings has upgraded Nassau Euro CLO II DAC class D notes and
affirmed the rest. The Outlooks are Stable.

   Entity/Debt             Rating           Prior
   -----------             ------           -----
Nassau Euro
CLO II DAC

   A XS2556942949      LT AAAsf  Affirmed   AAAsf
   B-1 XS2556943160    LT AAsf   Affirmed   AAsf
   B-2 XS2556943327    LT AAsf   Affirmed   AAsf
   C XS2556943673      LT Asf    Affirmed   Asf
   D XS2556943830      LT BBBsf  Upgrade    BBB-sf
   E XS2556944051      LT BB-sf  Affirmed   BB-sf
   F XS2556944309      LT B-sf   Affirmed   B-sf

TRANSACTION SUMMARY

Nassau Euro CLO II DAC is a cash flow CLO comprising mostly senior
secured obligations. The transaction is actively managed by Nassau
Global Credit (UK) LLP and will exit its reinvestment period in
February 2025.

KEY RATING DRIVERS

Strong Performance: Since Fitch's last rating action in February
2023, the portfolio's performance has been stable. As per the last
trustee report dated 7 December 2023, the transaction was passing
all of its collateral-quality and portfolio-profile tests.

The transaction has no exposure to assets with a Fitch-derived
rating of 'CCC+' and below, according to the trustee report as of 7
December 2023, versus a limit of 7.5%. The portfolio has no
defaulted assets, and the transaction is currently 0.1% above par.

Limited Refinancing Risk: The transaction has manageable exposure
to near- and medium-term refinancing risk, with no assets in the
portfolio maturing before 2024 and 1.2% in 2025, as calculated by
Fitch, in view of larger break-even default-rate cushions for all
the notes since February 2023.

Large Cushion Supports Stable Outlooks: All notes have large
default-rate buffers to support their ratings and should be capable
of absorbing further defaults in the portfolio. The ratings also
reflect that the notes have sufficient credit protection to
withstand potential deterioration in the credit quality of the
portfolio at their ratings.

'B'/'B-' Portfolio: Fitch assesses the average credit quality of
the underlying obligors at 'B'/'B-'. The Fitch weighted average
rating factor (WARF) of the current portfolio is 24.6 as calculated
by Fitch under its latest criteria.

High Recovery Expectations: Senior secured obligations comprise
99.5% of the portfolio. Fitch views the recovery prospects for
these assets as more favourable than for second-lien, unsecured and
mezzanine assets. The Fitch-calculated weighted average recovery
rate (WARR) of the current portfolio is 63.5%.

Diversified Portfolio: The portfolio is well-diversified across
obligors, countries and industries. The top 10 obligor
concentration, as calculated by Fitch, is 10.49%, and no obligor
represents more than 1.3% of the portfolio balance. The exposure to
the three-largest Fitch-defined industries is 26.5% as calculated
by the trustee. Fixed-rate assets currently are reported by the
trustee at 4.8% of the portfolio balance, which compares favourably
with the current maximum of 10%.

Cash Flow Analysis: Fitch used a customised proprietary cash flow
model to replicate the principal and interest waterfalls and the
various structural features of the transaction, and to assess their
effectiveness, including the structural protection provided by
excess spread diverted through the par-value and interest-coverage
tests.

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 current portfolio would have no negative ratings impact on the
class A and C notes but would lead to downgrades of no more than
three notches for the remaining notes.

Based on the current 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 current portfolio than the
Fitch-stressed portfolio, the class F notes have a cushion against
a downgrade of four notches, the class D and E notes of two
notches, and the class C notes of one notch. The class A or B notes
have no rating cushion.

Should the cushion between the current 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 Fitch-stressed portfolio would lead to downgrades of up to
three notches for the 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 Fitch-stressed portfolio
would lead to upgrades of up to five notches, except for the
'AAAsf' rated notes, which are at the highest level on Fitch's
scale and cannot be upgraded.

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

Fitch has checked the consistency and plausibility of the
information it has received about the performance of the asset pool
and the transaction. Fitch has not reviewed the results of any
third-party assessment of the asset portfolio information or
conducted a review of origination files as part of its ongoing
monitoring.

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.




===================
L U X E M B O U R G
===================

FS LUXEMBOURG: Moody's Rates New $500MM Sr. Unsecured Notes 'Ba3'
-----------------------------------------------------------------
Moody's Investors Service assigned a Ba3 rating to the proposed
$500 million senior unsecured notes to be issued by FS Luxembourg
S.a r.l. unconditionally and irrevocably guaranteed by FS Industria
de Biocombustiveis Ltda (FS) rated at Ba3 and FS I Industria de
Etanol. The company's existing ratings are unchanged. The outlook
is stable.

Proceeds from the offering will be used to tender FS senior secured
notes due 2025, with a presently outstanding amount of $446.3
million (BRL2.2 billion). FS's proposed tender offer aims to extend
the maturity of its outstanding financial debt and will not result
in a material increase in the company's leverage.

The rating of the proposed notes assumes that the final transaction
documents will not be materially different from draft legal
documentation reviewed by Moody's to date and assume that these
agreements are legally valid, binding, and enforceable.

RATINGS RATIONALE

The rating of the proposed notes incorporates a post-transaction
capital structure for FS which will be mainly unsecured. Despite
volatile spreads, Moody's expects FS to maintain adequate credit
metrics for the Ba3 rating level. While leverage could increase
during periods of weak spreads, Moody's expects the company
generate positive free cash flow even during adverse market
conditions, and has no maintenance covenants that could threaten
liquidity amid a rising leverage. The new bond issuance will
lengthen the debt schedule further, alleviating refinancing needs
in 2025, and reduce the company's interest burden. The Ba3 rating
also reflects FS' improved diversification with 3 operating plants
and a broader influence zone within the state of Mato Grosso with
the Primavera do Leste plant, which started operations in 2023.
Despite the drop in EBITDA Moody's expects for the present harvest,
which will end March 2024, the proposed liability management gives
FS an additional liquidity cushion for the coming years to recover
its EBITDA with lower corn costs, stable ethanol selling prices and
higher crushing level. A failure to successfully execute the
proposed liability management could lead Moody's to reassess FS
ratings.

FS ratings are supported by the company's adequate liquidity and
business model which will allow the company to maintain adequate
credits metrics benefitting from its increased crushing capacity,
sustained demand for ethanol and abundant availability of corn as
feedstock. In 2023-24 Moody's estimates that a weak EBITDA will
drive gross leverage to 5.8x by harvest end, March 2024. Moody's
believes that the ratio will remain above the downgrade trigger of
4.0x until December 2024 (Q3 25). In 2023-24 Moody's estimate
EBITDA of BRL1.68 billion down from BRL3.1 billion in 2022-23. In
2024-25 EBITDA will recover to BRL2.66 billion with a sharp drop in
corn costs to BRL38.4/60kg bag from BRL52/60kg bag in 2023-24. This
will drive gross leverage to 3.3x by harvest end 2024-25.

FS rating incorporates its scale among ethanol producers in Brazil,
being the largest on corn feedstock. FS is a low-cost producer with
favorable access to corn feedstock and located in a region with a
high demand for animal nutrition, co-product from the ethanol
production process. The company is also low-carbon footprint
producer benefiting from a sustained demand growth for biofuels.
Additionally, the company has a strong execution track record
having expanded quickly to the 2.2 billion liters in production
capacity in 2023 from just 265 million liters in 2017, with its
inaugural mill.

FS' rating is constrained by its high exposure to the dynamics of
the ethanol and corn markets and the consequent susceptibility to
sharp price volatility, event risks, weather imbalances and global
trade flows. The exposure to corn price as an input is partially
offset by its animal nutrition business, since the price of the
distillers grains is directly correlated to those of corn and
soymeal. The company's concentration in single-line commodity,
production in two plants and in a single region exacerbates
commodity risks.

Liquidity is adequate with BRL2.6 billion in cash and BRL1.3
billion in short-term debt (excluding Credit Linked Notes from its
debt and Total Return Swaps from its liquidity), mainly working
capital lines. Moody's believes FS will maintain an active
liability management to avoid a concentration of maturities in the
short-term.

RATING OUTLOOK

The stable rating outlook incorporates  Moody's expectation that FS
will maintain sustained EBITDA generation with gross leverage below
4.0x, even as it advances in increasing capacity. The outlook also
incorporates prudent shareholder distributions, which should not
jeopardize liquidity and leverage.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATING

Ratings are constrained by the concentration and single-line
commodity exposure of the business (corn ethanol and related
co-products). An upgrade would require further diversification of
the business that reduces geographic and commodity risk exposure,
coupled with a robust financial position, with consistent positive
free cash flow and an adequate leverage and liquidity profile.
Quantitatively, an upgrade would require the following: Debt/EBITDA
below 3.0x on a sustained basis; Retained cash flow (RCF)/debt
above 20% on a sustained basis; EBITDA/interest expense above 5.0x
on a sustained basis.

A downgrade could result from a consistent increase in leverage or
a deterioration in liquidity. Large shareholder distributions or
the deployment of large investments that compromise short-term
credit metrics and liquidity could trigger a downgrade.
Quantitatively, a downgrade would require the following:
Debt/EBITDA above 4.0x on a sustained basis; RCF/debt below 10% on
a sustained basis; EBITDA/interest expense below 2.5x on a
sustained basis.

The principal methodology used in this rating was Chemicals
published in  October 2023.

FS is headquartered in Lucas do Rio Verde, Mato Grosso (MT),
Brazil. The company produces ethanol from corn feedstock. It also
commercializes the co-products generated in the production process,
including DDG, wetcake, corn oil for livestock feed, and
electricity and steam. FS is a limited liability company controlled
by US-based Summit Agricultural Group (Summit) (with a 71.22%
stake), and other shareholders (including Marino J. Ferraz, Amerra
Chapada LLC, Miguel V. Ribeiro, and Paulo S. Franz). In the 2022-23
harvest, FS generated net revenue of BRL7.6 billion ($1.45 billion,
converted using the average rate for the period), with a
Moody's-adjusted EBITDA margin of 41.0%.




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

ASIA INSURANCE: S&P Raises Financial Strength Rating to 'B'
-----------------------------------------------------------
S&P Global Ratings raised its long-term financial strength rating
on Asia Insurance Sugurta Kompaniyasi JSC (AI) to 'B' from 'B-'.
The outlook is stable.

Impact Of Revised Capital Model Criteria

-- The improvement in capital adequacy primarily reflects the
benefits of risk diversification, which we captured more explicitly
in our analysis.

-- Higher catastrophe-risk charges, the revised approach on
interest rate risk charges, as well as AI's overall absolute small
capital size partly offset these improvements.

Credit Highlights

The stable outlook reflects S&P's expectation that, over the coming
12 months, AI will maintain its satisfactory capital adequacy,
profitability, and competitive standing.

S&P could consider a downgrade during the next 12 months if it
saw:

-- AI underperforming S&P's base-case expectations for a prolonged
period, or risks to its market standing, for example, due to a
spike in competition.

-- A material deterioration of the capital base due to
weaker-than-expected operating performance and investment losses,
increasing investments in affiliates, an unplanned rise in
dividends, or AI being used to support its shareholders' other
businesses.

-- Deterioration in the regulatory solvency margin due to
higher-than-expected growth, for example, resulting in an increased
risk of regulatory intervention--although we see this as unlikely.

-- Significant and sustained asset-quality deterioration.

-- Deficiencies in management and governance, including financial
reporting or risk controls, that we view as detrimental to AI's
credit profile.

S&P said, "We view an upgrade unlikely at this stage considering
the company's still-modest capital and premium size. However, we
could consider raising the rating in the medium term if we saw
improvements in AI's competitive standing and profitable operating
performance, sustainable capital adequacy, and capital build up in
absolute terms.

"For a positive rating action, we would also expect no significant
deficiencies in management and governance, whether in financial
reporting standards or risk controls, including related-party
transactions.

"AI's capital adequacy strengthened within the satisfactory level,
making its financial risk profile more comparable to higher rated
local and international peers. AI's capital adequacy was 10% above
the 99.50% confidence level in 2022, according to our revised
capital model. We forecast capital adequacy will improve slightly
above the 99.80% confidence level by 2025 due to the company's
intention to retain profits and build up absolute capital levels to
meet increasing regulatory requirements. Despite AI's capital
adequacy strengthening and its financial risk profile now being
more comparable with higher rated peers', we cap the capital and
earning assessment at the satisfactory level.

"This is because we note that its overall absolute capital size
remains relatively modest (below $5 million), which makes it
susceptible to single-event losses.

"AI has been profitable over the past five years, although its
technical performance has been volatile. The company reported a net
loss of Uzbek sum (UZS) 1.7 billion over the first nine months of
2023, amid an increased unearned premium reserve (UPR) associated
with some big contracts renewed in 2023 and a one-off claim of UZS5
billion. We expect AI's combined (loss and expense) ratio for full
year 2023 may reach 110%, versus our previous expectation of 105%.
However, we expect its investment income will contribute to overall
profitability. In addition, expense control should also partly
offset negative underwriting performance and we forecast a return
on equity of 15% in 2024-2025, supported by a gradual recovery of
the UPR as well as interest and rental income. Our capital
projections include a combined ratio of 100%-105% in 2024-2025, in
line with the market average, no dividend payouts in 2023-2024, and
dividends of about 40% of net income in 2025.

"AI's position in Uzbekistan's P/C insurance market remains
relatively weak, although with growth potential. It had very
limited market share in Uzbekistan of 1.2% as of Oct. 1, 2023,
although it has operated profitably since its establishment in
2005. AI showed lower than sector-average premium growth of 30% in
2023 due to its conservative underwriting -- versus the estimated
market growth of above 50%. Its absolute size remains very small in
a global context, with gross premiums written at about UZS75
billion or about $6 million in 2023. We view the market as still
nascent and the operating environment as difficult, which to some
extent restricts our assessment of the company's overall business
profile."


UZAUTO MOTORS: S&P Affirms 'B+/B' ICRs on Expected Growth
---------------------------------------------------------
S&P Global Ratings affirmed the 'B+/B' issuer credit ratings UzAuto
Motors, reflecting its 'b+' assessment of the company's stand-alone
credit profile, and our 'B+' rating on the company's debt.

S&P said, "The positive outlook indicates that we could raise the
ratings if UzAuto Motors successfully expands production capacity
while maintaining EBITDA margins at 8.5%-9.5% and funds from
operations to debt above 45%, and reducing intrayear working
capital volatility, alongside having generated free operating cash
flow above US$100 million in 2022-2023.

"Risk of potential lapses in administrative capacity led us to
revise UzAuto Motor's likelihood of government support to
moderately high. We now see that UzAuto Motor has a strong link
with the government, versus very strong previously, since we think
the government oversight is not as scrupulous as we thought. For
example, there was a failure to recognize covenant breaches at
Uzbekneftegaz, increased dividends extracted from Almalyk, and
delayed payments by an unrated entity in the agriculture sector. In
an adverse scenario, inadequate internal controls and government
supervision could delay timely and sufficient support to UzAuto
Motors. Although we continue to regard ongoing government support
to UzAuto Motors in terms of market regulation as favorable, we
acknowledge that the company's management does not differ
materially from other GREs, given similarities in the boards of
directors composition and the instruments available to the
government to provide timely liquidity support. Furthermore, we
note the increased dividend payout to 50% of net income from 30%
expected previously, still coupled with continued investments into
capacity expansion, driven by the government. Moreover, although we
do not foresee such a scenario in our base case, the presence of an
additional layer, parent company Uzavtosanoat, might slow
communication to the government of extraordinary help needed for
UzAuto Motors.

"On a stand-alone basis, we expect UzAuto Motors will increase its
production and sustain EBITDA above $300 million in 2023-2025,
supported by strong domestic demand. This is despite ongoing
domestic market liberalization and growing competition in the
region. We expect the company's 2023 EBITDA to have just surpassed
$300 million, capturing higher sales on the back of strong domestic
demand from a young and growing population and still-low light
vehicle ownership levels, compared with neighboring countries. That
said, the company faces heightening domestic and regional
competition from original equipment manufacturers (OEMs) in Asia
OEMS like Geely Automobile Holdings Ltd. (BBB-/Negative/--), Kia
Corp. (BBB+/Positive/--), Cherry, Exceed, and BYD. However, we
expect competition will mostly affect the premium segment, and
UzAuto Motors generates up to 70% of EBITDA from its lower-price
segment. Moreover, although we recognize the government's steps
toward domestic market liberalization, including a recent custom
duties reduction for engines below 1,200 cubic centimeters, we do
not anticipate a near-term disruption to UzAuto Motors' competitive
position. We think the company's market position is secured by
pricing flexibility thanks to efficiency gains from its large scale
and high degree of localization alongside Chevrolet's strong brand
recognition in the country.

"We assigned a new management and governance (M&G) modifier
assessment of moderately negative to UzAuto Motors. The action
follows the revision to our criteria for evaluating the credit
risks presented by an entity's M&G framework. The terms management
and governance encompass the broad range of oversight and direction
conducted by an entity's owners, board representatives, and
executive managers. These activities and practices can impact an
entity's creditworthiness and, as such, the M&G modifier is an
important component of our analysis. Our M&G assessment of
moderately negative points to certain M&G weaknesses that weigh
down creditworthiness for UzAuto Motors. The company is a core
subsidiary of parent company Uzavtosanoat and is significantly
influenced by the decision-making at the parent level, which might
not be fully transparent.

"The positive outlook reflects our expectation that pricing and
model launches could support EBITDA margins at 8.5%-9.5% and
absolute EBITDA above US$300 million, as well as having generated
free operating cash flow (FOCF) of above US$100 million in
2022-2023. In addition, with limited new debt for UzAuto Motors'
capacity expansion, funds from operations (FFO) to debt should
remain comfortably above 45%, and we do not expect the holding
company to materially increase leverage.

"We could revise the outlook to stable if the company is unable to
sustain EBITDA above US$300 million, due to weakening demand, a
failure to expand capacity, or an inability to offset foreign
exchange pressure or cost inflation through price adjustments. We
could also revise the outlook to stable if we observe negative FOCF
because of a sizable capital investment program with uncertain
future returns or higher-than-anticipated working capital
requirements."

A downgrade would occur if a material EBITDA reduction or leverage
build-up at UzAuto Motors, or the holding level, led to FFO to debt
close to 30% and S&P Global Ratings-adjusted debt to EBITDA close
to 3.0x for the consolidated group. Rating pressure would also stem
from unexpected strain on the company's or the group's liquidity.

S&P could raise its rating in the next 12 months if:

-- UzAuto Motors expands its capacity while sustaining production
above 400,000 units in 2024.

-- The company generates annual EBITDA above US$300 million,
supported by strong demand and pricing.

-- FFO to debt remains above 45%, with limited additional leverage
buildup to finance its capacity expansion program.

-- Cumulative FOCF exceeds US$100 million, underpinned by good
expenditure management and a more predictable working capital
trajectory.

A potential upgrade would also hinge on the credit quality of
parent Uzavtosanoat developing in line with that of UzAuto Motors.
Specifically, similar credit metrics at both the parent and UzAuto
Motors would imply limited additional debt (other than S&P's
base-case assumption) and no material negative cash burn at other
subsidiaries. S&P expects transparency will increase at the parent
company with the introduction of IFRS reporting.

An upgrade of Uzbekistan (BB-/Stable/B) will not immediately prompt
a similar action on UzAuto Motors, all else remain the same.

S&P said, "Governance factors are a negative consideration in our
credit rating analysis of UzAuto Motors, similar to corporate peers
in Uzbekistan and Kazakhstan. UAM and its parent company,
Uzavtosanoat, are on the path to greater disclosure and
transparency. Uzavtosanoat has recently initiated IFRS disclosure,
but with only 2020 full-year results available so far. We think the
group's overall governance still lags international best practices,
especially when compared with those of public companies in
developed markets. Moreover, our assessment reflects the elevated
country-related governance risks in Uzbekistan, where the company's
operations are concentrated. Environmental factors have an overall
neutral influence on our rating analysis of UzAuto Motors. Although
the company lags global auto producers in terms of the transition
to electric vehicle production, this is offset by significantly
lower regulatory pressure from the Uzbekistani government and the
lack of carbon dioxide emission regulation, limiting the effect on
the company's financials in the next few years, in our view."




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

60 CURZON: Goes Into Administration, Project Put Up for Sale
------------------------------------------------------------
Sabah Meddings and Jack Sidders at Bloomberg News report that a
luxury development in the heart of Mayfair has collapsed into
administration, after defaulting on its loans.

60 Curzon, a set of 32 apartments designed by the French architect
Thierry Despont, has appointed insolvency experts from Interpath
Advisory, Bloomberg relates.  The project, which was developed by
Brockton Capital and financed by funds managed by Apollo Global
Management Inc., will continue to be marketed, Bloomberg states.

It is majority owned by two Chinese investment firms, Citic Capital
and Cindat which bought their stake from Brockton in 2016.

According to Bloomberg, a spokesperson for Brockton confirmed it
was in discussions with Apollo regarding the completion of a
business plan for an orderly sale of the apartments.

"Apollo, Brockton and the other investors in the property remain
committed to maximizing value for all stakeholders," the
spokesperson, as cited by Bloomberg, said, noting sales proceeds
had already topped GBP100 million (US$127 million).

"With a number of units already sold, we expect this scheme to
continue to generate significant interest from high-net-worth
individuals," Steve Absolom, joint fixed charge receiver and head
of real estate at Interpath Advisory, said.

Developers and landlords have been roiled by rising interest rates
which have deterred potential buyers and soaring construction
costs, Bloomberg discloses.  

While London's top end housing market has been more resilient to
rising rates as buyers are less dependent on borrowing, sales have
inevitably slowed, Bloomberg relays.  


FOUR FINANCIAL: Nine Jobs Saved Following Pre-pack Deal
-------------------------------------------------------
Michael Taylor at TheBusinessDesk.com reports that nine jobs have
been saved at Bolton and Manchester-based recruiter Four Financial
Recruitment following a pre-pack administration.

According to TheBusinessDesk.com, founder Philip Sofield has put up
a personal guarantee to purchase the business and its trademarks,
website and goodwill from administrators Cowgills Business Recovery
for GBP26,000.

The business, established in 2007, specialised in accountancy and
finance specialists, but hit a rough patch during the pandemic and
suffered higher than usual staff turnover going into 2023.

The company claimed then that 2021 had been a record breaking year
as it "increased turnover by 72% and headcount by 45%".  This
second office was intended to support the company's ongoing
internal recruitment drive.

But things took a turn for the worse according to filed documents
seen by TheBusinessDesk.com.  By December 2023, when Cowgills were
appointed on the request of accountants Sedulo, the company owed a
total of GBP445,178, notably GBP124,000 to lender Funding Circle,
GBP25,000 to an unspecified landlord, GBP193,555 to HMRC for PAYE
and a further GBP67,000 to HMRC for corporation tax,
TheBusinessDesk.com notes.

According to TheBusinessDesk.com, the administrators statement
says: "During 2023 however, the Company began to suffer a downturn
in their business as a result of the following: High turnover of
staff, including the loss of key members to direct market
competitors, in addition to increased salary expectations, due to
the market position; and fallout from liabilities incurred during
the COVID-19 pandemic, which resulted in significant HM Revenue &
Customs ("HMRC") arrears and a subsequent time-to-pay arrangement
being agreed.

"Draft accounts for the year ending December 31, 2023 have yet to
be prepared; however, due to recent events, the company directors
realised that the recent staff turnover and the terms of the
time-to-pay arrangement with HMRC meant that the Company was likely
to encounter further financial difficulties."

The Cowgills team acting on the administration were led by Jason
Elliott and Craig Johnson, TheBusinessDesk.com discloses.


MERLIN ENTERTAINMENTS: S&P Rates New $500MM Sr. Secured Notes 'B+'
------------------------------------------------------------------
S&P Global Ratings assigned its 'B+' issue rating to the $500
million proposed senior secured notes, due in 2031, to be issued by
Merlin Entertainments Group U.S. Holdings Inc., a subsidiary of
global theme park operator Motion Midco Ltd. (Merlin Entertainments
Ltd.; B/Stable/--). S&P assigned a '2' recovery rating to this
debt, indicating its expectation of meaningful recovery prospects
(70%-90%; rounded estimate: 70%) for debtholders in the event of a
payment default.

The recovery rating considers the proposed notes will rank pari
passu with the group's extended $1.39 billion and EUR1.02 billion
term loan B (TLB), EUR700 million notes due 2030, and $400 million
fixed-rate notes due 2026. This is combined with the subordinated
instruments $410 million and EUR370 million senior notes due 2027.
The issue and recovery ratings are subject to S&P's review of the
final documentation.

Merlin intends to use the proceeds to repay the non-extended
portion of the euro tranche corresponding to EUR375 million and
keep the remaining proceeds for general operation purposes. S&P
expects the notes' documentation to be fully in line with that of
the existing EUR700 million senior secured notes.

Based on the above, S&P forecasts the following key credit metrics,
adjusted by S&P Global Ratings:

-- Adjusted debt to EBITDA of 12.4x (8.4x excluding the
shareholder loan) in 2023, decreasing to 12.0x (8.1x excluding the
shareholder loan) in 2024.

-- Adjusted free operating cash flow to debt to remain modestly
negative.

Issue Ratings – Recovery Analysis

Key analytical factors

-- S&P rates the group's proposed $500 million notes, extended
EUR1.02 billion TLB, extended $1.39 billion TLB due 2029, EUR700
million notes due 2030, and $400 million fixed-rate notes due 2026
at 'B+', one notch higher than the issuer credit rating.

-- The recovery rating on these instruments is '2', indicating
S&P's expectation of meaningful recovery prospects (70%-90%;
rounded estimate: 70%) in the event of default.

-- S&P rates the $410 million and EUR370 million senior notes due
2027 'CCC+', two notches below the issuer credit rating due to
their subordinated position in the capital structure. The recovery
rating on these instruments is '6' because it expects negligible
(0%) recovery prospects.

-- S&P assumes 85% of the GBP428 million revolving credit facility
to be drawn at the point of default.

-- S&P values the company as a going concern, given its unique
experience-based offering through the premium brand format. The
company also benefits from its geographically diversified revenue
base, a strategy it historically pursued to reduce reliance on
U.K.-based travel and leisure discretionary spending. North America
and Asia provide meaningful diversification.

-- Under S&P's hypothetical default scenario, it assumes a
dramatic decline in foot traffic in Merlin's U.K.-based Midway
attractions and resorts and a sharp drop in Legoland visitors
globally due to negative economic trends restricting discretionary
spending.

Simulated default assumptions

-- Year of default: 2027
-- Jurisdiction: U.K.

Simplified waterfall

-- EBITDA at emergence: GBP442.0 million

-- Implied enterprise value multiple: 6.5x

-- Gross enterprise value at default: About GBP2.87 billion

-- Net enterprise value after administrative costs (5%): GBP2.73
billion

-- Senior secured debt: GBP3.79 billion

    --Recovery range: 70%-90% (rounded estimate 70%)

-- Net value available to senior unsecured creditors: GBP0

-- Senior unsecured debt: GBP677.4 million

    --Recovery range: 0%-10% (rounded estimate 0%)

All debt amounts include six months of prepetition interest.


MOTION MIDCO: Planned Notes Issuance No Impact on Moody's 'B3' CFR
------------------------------------------------------------------
Moody's Investors Service has said that leading global operator of
visitor attractions Motion Midco Limited's (Merlin or the company)
B3 long term corporate family rating and B3-PD probability of
default rating are unaffected by the planned backed senior secured
notes issuance. Moody's has assigned B2 ratings to the proposed new
seven-year $400 million backed senior secured notes issued by
Merlin Entertainments Group U.S. Holdings Inc. The outlook assigned
to Merlin Entertainments Group U.S. Holdings Inc. is positive.

The B2 instrument ratings of the backed senior secured notes issued
by Merlin Entertainment Limited and the backed senior secured
notes, senior secured terms loans (tranche B) and the senior
secured revolving credit facility (RCF) issued by Motion Finco
S.A.R.L are also unaffected. Furthermore, the Caa2 instrument
ratings of the backed senior unsecured notes issued by Motion
Bondco DAC are unaffected.

RATINGS RATIONALE

The planned transaction is largely leverage neutral with proceeds
from the issuance primarily used to repay senior secured term loans
B due in 2026 issued by Motion Finco S.A.R.L and for other general
corporate purposes. Positively, the planned refinancing improves
liquidity and extends the debt maturity profile.

The new planned backed senior secured notes issued by Merlin
Entertainments Group U.S. Holdings Inc. will have the same ranking,
security, guarantees, and covenants as the existing notes.

ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) CONSIDERATIONS

Governance risks taken into consideration in Merlin's credit
profile include its private equity ownership structure that often
results in higher tolerance for leverage. Nevertheless, Moody's
views Merlin's ownership structure to have a longer investment
horizon. Kirkbi Invest A/S (KIRKBI), which owns c.50% of the
company, is Merlin's partner and a major investor in the company
for almost 15 years. KIRKBI has been increasingly relying on Merlin
as one of the major avenues to promote its LEGO brand and hence is
interested in Merlin's long-term development.

RATIONALE FOR THE POSITIVE OUTLOOK

The positive outlook reflects Moody's expectation that the company
will sustain solid operating performance and profitability,
alongside good liquidity, leading to a further improvement in
credit metrics.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATING

Moody's could upgrade the company's rating if Merlin maintains
solid operating performance and profitability leading to (1)
Moody's-adjusted Debt/EBITDA towards 7x and (2) Moody's-adjusted
EBITA / interest expense above 1.5x.

Moody's could downgrade Merlin's ratings if persistently weak
operating performance results in (1) materially weaker liquidity,
or (2) free cash flow remaining persistently negative, or (3)
leverage remaining significantly above 9x over the next 12 months
or (4) Moody's- adjusted EBITA / interest expense below 1x.

PRINCIPAL METHODOLOGY

The principal methodology used in this rating was Business and
Consumer Services published in November 2021.

COMPANY PROFILE

Motion Midco Limited is the holding company for Merlin
Entertainment Limited. Merlin, which is based in Dorset, UK, is the
largest European and second-largest global operator of visitor
attractions in terms of visitor numbers in 2022. The company
operates 142 attractions in 24 countries across four continents and
generated GBP2.0 billion in revenue and Moody's adjusted EBITDA of
GBP673 million for the year ended December 31, 2022 and attracted
56.4 million visitors in 2022.

Merlin is owned by a group of investors, comprising KIRKBI (47.5%),
Blackstone (32%) and Canada Pension Plan Investment Board (CPPIB)
(18%).


PLANET HOLDCO 2: Moody's Assigns 'B2' CFR, Outlook Stable
---------------------------------------------------------
Moody's Investors Service assigned to Planet Holdco 2 Ltd ("Wood
MacKenzie", "Wood Mac" and "WM") a B2 corporate family rating and a
B2-PD probability of default rating. Moody's also assigned a B2
rating to WM's US subsidiary Planet US Buyer LLC's ("Borrower")
proposed senior secured bank credit facilities. The outlook assign
for both entities is stable. Wood Mac provides data, analytics,
research and consulting services for the global energy, renewables
and natural resources industries.

The proceeds of the proposed $150 million revolver expiring 2029
and $1,315 million term loan maturing 2031 will be used to
refinance existing indebtedness and pay transaction-related fees
and expenses.

Moody's anticipates aggressive financial strategies, notably
through the use of debt proceeds to complete acquisitions over the
next several years. As such, governance considerations were a key
driver of the assigned ratings.

RATINGS RATIONALE

The B2 CFR reflects high financial leverage, modest interest
coverage and Moody's anticipation of aggressive financial
strategies. Wood Mac has a narrow industry focus, modest revenue
scale and some customer concentration. Support is provided by a
robust portfolio of must-have proprietary data that leads to high
customer retention, strong pricing power and robust profitability
rates. Moody's expectation for investment in renewable energy by
WM's customers drives Moody's anticipation of an expanding
addressable market for WM's products and services. Moody's
anticipates debt to EBITDA around 6.0 times for the 12 month period
ended December 31, 2023 and pro forma for the proposed refinancing
will fall to below 5.0 times and thin EBITDA less capital
expenditures to interest expense just above 1.0 times the same
reporting period will expand to greater than 1.25 times over the
next 12 to 18 months.

All financial metrics cited reflect Moody's standard adjustments.
EBITDA is further adjusted to add back certain costs associated
with the refinancing and the separation of WM from Verisk
Analytics, Inc. (Baa2 positive) in early 2023.

WoodMac has a limited operating history as an independent company,
and full separation from its former parent will not be completed
until later this year. Moody's expects high capital expenditures to
revenue around 15% in 2023 to gradually decline to just over 10%
over the next two to three years as currently-elevated levels of
internal software investments conclude.

Moody's considers WM's liquidity profile as good. Liquidity is
supported by Moody's anticipation of at least $150 million of
balance sheet cash at each fiscal quarter end over the next 12 to
15 months and full availability under WM's $150 million revolver
expiring 2029. Revolver loans may be denominated in US dollars, UK
pounds sterling, Euros and other currencies (as defined in the
facility agreement). Moody's expectation for growth in prepaid
annual subscriptions should generate deferred revenue expansion,
driving working capital to be a source of cash. Moody's expects
limited free cash flow until separation costs are concluded and
cost reduction targets are achieved. There is $13.15 million of
annual term loan amortization, due quarterly, which Moody's
anticipates WM can fund with free cash flow.

There are no financial covenants applicable to the term loan. The
revolver is subject to a maximum first lien leverage ratio (as
defined in the facility agreement) when revolver usage is greater
than 40%. Moody's does not anticipate that the covenant will be
tested, but expects that WM would maintain compliance if it were
tested over the next 12 to 15 months.

The company's senior secured credit facilities, consisting of the
$150 million revolver expiring 2029 and the $1,315 term loan due
2031, are rated B2, the same as the B2 CFR, reflecting the
predominance of the credit facilities in WM's debt capital
structure. Borrower is a Delaware US LLC. Its indirect parent is
WM, which is based in Jersey. About half of WM's revenue and more
than half of its employees and assets are outside the US. The
credit facilities are guaranteed by each of Borrower's (generally
US) direct and indirect subsidiaries and by WM and each of its
(generally not US) direct and indirect subsidiaries. All guarantees
are secured by the assets of the guarantor. Certain immaterial
subsidiaries do not provide guarantees.

Marketing terms for the senior secured credit facilities (final
terms may differ materially) include the following: incremental
pari passu debt capacity up to the greater of $272 million and 100%
of consolidated LTM EBITDA,  plus unlimited amounts subject to a
first lien leverage ratio threshold to be agreed (or leverage
neutral  if incurred in connection with an acquisition or
investment). There is an inside maturity sublimit up to the greater
of $544 million  and 200% of adjusted LTM EBITDA, along with any
debt incurred  in connection with a permitted acquisition or
investment. A "blocker" provision restricts the designation of a
restricted subsidiary as an unrestricted subsidiary, if such
restricted subsidiary owns or has exclusive license to any material
intellectual property.  The credit agreement provides some
limitations on up-tiering transactions, requiring affected lender
consent for amendments that subordinate the liens, unless each term
lender can ratably participate in such priming debt. Amounts up to
200% of unused capacity from the general restricted payments basket
and the builder basket may be reallocated to incur debt.

The stable outlook reflects Moody's expectations for mid-to-high
single-digit revenue growth, very high customer retention and
strong EBITDA margins around 40%. The stable outlook also presumes
WM will pursue aggressive financial strategies, including
debt-funded acquisitions.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

The ratings could be upgraded if Moody's anticipates Wood Mac will
sustain: (1) debt to EBITDA below 5.0 times; (2) EBITDA less
capital expenditures to interest expense well above 1.50 times; and
(3) less aggressive financial strategies.

The ratings could be downgraded if Moody's expects: (1) debt to
EBITDA sustained above 6.0 times; (2) EBITDA less capital
expenditures to interest will remain below 1.25 times; (3) customer
retention or profitability rates decline; or (4) liquidity
deteriorates.

The principal methodology used in these ratings was Business and
Consumer Services published in November 2021.

Based in Edinburgh, UK and controlled by affiliates of private
equity sponsor Veritas Capital, Wood MacKenzie provides data,
analytics, research and consulting services for the global energy,
renewables and natural resources industries, financial institutions
and governments. Moody's expects 2024 revenue of about $600
million.


RECYCLING LIVES: Two Divisions Bought Out of Administration
-----------------------------------------------------------
Michael Taylor at TheBusinessDesk.com reports that jobs have been
lost at a shake out at Preston-headquartered Recycling Lives, the
private equity backed social enterprise.

Administrators from EY have confirmed that two divisions of
Recycling Lives went into administration before being purchased by
a new owner, TheBusinessDesk.com discloses.

According to TheBusinessDesk.com, Global Ardour Metal Ltd, part of
the Singaporean-based Greta Group which also owns Global Metcorp
will take ownership of Recycling Lives Ltd and RLMW Realisations
(formerly Recycling Lives Metal & Waste Ltd).

This includes all of Recycling Lives' end of life vehicle
processing and metal recycling assets, as well as the waste
business, TheBusinessDesk.com notes.

EY said the 17 processing sites and six domestic access sites would
continue to trade under new ownership, resulting in the transfer of
all of the employees to the purchaser, and "no redundancies have
been made as a result of the Administrations", TheBusinessDesk.com
relates.

However, 19 redundancies were made at Recycling Lives' waste
process site at the Red Scar estate in Preston, TheBusinessDesk.com
states.

EY, as cited by TheBusinessDesk.com, said the trading subsidiaries,
Recycling Lives (Environmental Services) Limited ("RLES") and
Recycling Lives Compliance Services Limited ("RLCS"), which form
the Recycling Lives Services division ("RLS"), are not in
administration, were not part of the aforementioned sale and
continue to trade.

According to TheBusinessDesk.com, a statement on the Recycling
Lives website said: "Recycling Lives Services will continue as a
separate company and will provide all the services it has
previously offered, focusing on compliance services, brokered
environmental waste solutions and commodities.

"The deal with Global Ardour does not include the debt incurred by
the two Recycling Lives businesses. These liabilities remain with
the companies in administration, and outstanding amounts due will
‘rank as unsecured claims'."


STONEGATE PUB: Fitch Puts 'B-' LongTerm IDR on Watch Negative
-------------------------------------------------------------
Fitch Ratings has placed Stonegate Pub Company Limited's
(Stonegate) Long-Term Issuer Default Rating (IDR) of 'B-' on Rating
Watch Negative (RWN). Fitch has upgraded Stonegate Pub Company
Financing 2019 PLC's senior secured instruments' senior secured
rating to 'B+' with a Recovery Rating of ''RR2' from 'B'/'RR3'. The
senior secured rating and Leased and Tenanted Pubs 1 Limited
'CCC'/'RR6' subordinated rating have been placed on RWN.

The RWNs reflect heightened refinancing risks and the prospect of a
near-term downgrade if Stonegate is unable to address its GBP2,187
million of senior secured debt maturing in July 2025. This may soon
be proposed to debtholders given the recently-announced Apollo
(Platinum) GBP638 million secured financing, the net proceeds of
which will prepay some senior secured debt. An extension of the
remaining July 2025 debt has yet to be formally proposed to
existing lenders. The GBP400 million second-lien matures in March
2028.

Stonegate group's Fitch-calculated FY23 (to end-September 2023)
EBITDA (after cash rents) is GBP361 million (FY22: GBP395 million).
It reflects inflationary price increases mitigating labour cost
increases, but not the GBP29 million yoy increase in energy costs.

KEY RATING DRIVERS

RWN Reflects Pending Refinancing: The net proceeds (GBP609 million)
from the Platinum transaction are expected to reduce Stonegate's
senior secured debt. Fitch understands that Stonegate is
considering requesting an extension of its remaining July 2025
senior secured debt maturities. If Stonegate cannot procure a
successful extension, Fitch will likely downgrade the ratings by
June 2024. If the senior secured debt maturity dates and relevant
revolving credit facilities (RCF) are extended, with the Platinum
financing enacted, Fitch will likely affirm the ratings and the
'RR2' recovery rating.

New Apollo (Platinum) Transaction: Platinum raised secured debt of
GBP638 million relative to the stable leased & tenanted (L&T)
portfolio's FY23 EBITDA of GBP84 million. The funding is
non-recourse, with a five-year tenor, and about a 9% cost of debt,
as payable by the portfolio vehicle.

Fitch will consolidate the debt of this separate financing in
Stonegate group's metrics. Despite the non-recourse nature of the
financing, Fitch believes that Stonegate would seek to support it
to retain the residual value of the portfolio, exploit the
economies of scale from a large estate. Consequently, (as with
Stonegate's Unique Pub Financing Company plc) operational and
strategic linkages will override standalone funding constructions.
Platinum relies on and remunerates Stonegate's central procurement
and operational expertise.

Highly Leveraged Financing: Stonegate group continues to be highly
leveraged, with the energy-subdued FY23 EBITDA of GBP361 million
translating to 8.7x lease-adjusted debt/consolidated EBITDAR
leverage (FY22: 8.1x). Using a Fitch-calculated run-rate EBITDA,
this metric is below 8x. FY23's consolidated EBITDAR/interest +
rents coverage is 1.3x (FY22: 1.4x). This may tighten depending on
any coupon step-up to enable the debt maturity extension.

Wet-Led, Stable Profit: Stonegate group's pub portfolio is
drinks-led. The stable L&T portfolio makes up 46% of pre-central
cost FY23 EBITDAR with almost half of that as publicans' rent and
the remainder from tied beer sales. Stonegate does not bear any L&T
staff costs. The L&T segment's FY23 pre-central cost EBITDA of
GBP256 million slightly increased yoy.

The managed portfolio's operating costs are directly managed and
borne by Stonegate, whereas the operator-led units manage and pay
their own staff and running costs from prescribed retained
turnover. Their pre-central cost FY23 EBITDA was GBP220 million and
GBP83 million with significant operator-led growth due to pub
conversions from L&T to managed or managed to operator-led units.

Main Hits to 3Q23 EBITDA: The main hits to post-central costs and
cash rent FY23 EBITDA of GBP361 million (FY22: GBP395million) were
(i) energy costs (FY22: GBP35 million, FY23 GBP64 million), which
directly decreased managed and operator-led profits; (ii) a
cyclical near-GBP20 million drop in profits from the high-profit
town centre-located Slug & Lettuce, Be at One and the night-club
Venues outlets; and (ii) other portfolio net profit increases as
drink price increases mitigated inflationary operating costs.

Increased Prices Helped Inflationary Opex: Drinks price increases
during FY23 included 9% for L&T in April 2023 (April 2022: +7%),
5.9% cumulatively during FY23 (FY22: +8%) for managed (higher for
food), and 9.1% for operator-led drinks. Energy costs increased
significantly and will reduce in future years. Staff wages in the
managed portfolio are around 24% of gross turnover. The UK minimum
wage increases benefit the purchase power of Stonegate's patrons
and represent an operational cost to Stonegate. Despite UK
consumers conserving cash, pub spend continues, although price
increases are keenly monitored.

Run-Rate EBITDA: Fitch calculates FY24 EBITDA at around GBP400
million, annualising FY23's price increases net of direct labour
inflation, a yoy reduction in energy costs in FY24, and adding
phased EBITDA uplifts from FYE23 capex-spent pub conversions.

Growth Through Pub Conversions: This programme continues to be the
driver of profit growth. Recent conversions from the L&T and
managed portfolio show a 35%-40% incremental EBITDA return on capex
as selected pubs (3Q23: 85 pubs) are upgraded whether refurbished,
extra drinks or kitchen capacity and general re-positioning versus
local competition. The change to the operator-led business model
also removes staff costs from Stonegate's cost base. Half of FY23's
GBP144 million capex was on conversions and expansions, and half on
maintenance.

Unique WBS Financing: Whereas the Apollo (Platinum) financing was
at a similar leverage as the group, Stonegate's Unique is
under-leveraged with debt at 3x EBITDA, and residual value
(post-debt asset value) of GBP1.1 billion inherent within the
financing. Past years of hefty debt amortisations of GBP100 million
a year, are now smaller at less than GBP50 million a year, relative
to Unique's FY23 GBP130 million EBITDA. Nevertheless, Fitch does
not expect the WBS financing to permit any cash dividend from
Unique to Stonegate until mid-2026.

DERIVATION SUMMARY

Stonegate's IDR is the same as Punch Pubs Group Limited's (IDR:
B-/Stable) which is smaller with a portfolio of 1,267 pubs
(end-February 2023), compared with Stonegate's 4,500. Both are
predominantly wet-led estates. Punch's EBITDA/pub in L&T is
comparable with Stonegate's 2020-acquired Enterprise Inn-acquired
L&T portfolio but Stonegate's equivalent managed portfolio yields
far higher profits/pub than Punch's, reflecting the size of the
average unit, higher sales per outlet (including Slug & Lettuce, Be
at One, and Venues nightclubs) and the advantages of a bigger
group's central procurement.

Stonegate is equally geographically diverse across the UK, but has
core city and late-night formats (which were also disrupted by
pandemic restrictions) that are more vulnerable to cost pressures
(labour and energy) in the current inflationary environment. Both
companies have a core L&T portfolio from which a programme for
conversion to managed (Punch's managed partnership) models require
capex and will fuel profit growth.

Punch's Stable Outlook reflects its greater financial flexibility
than Stonegate, with less pressure on liquidity despite its bulk
refinance risk in June 2026. Punch's pub conversion programme
(part-equity funded) was already underway before the pandemic.

Punch and Stonegate are now rated the same as the UK-weighted Pizza
Express (Wheel Bidco Limited, IDR: B-/Stable), which because of
weak consumer sentiment and significant cost inflation not fully
passed on to consumers, is taking longer to recover profitability.
Fitch expects Pizza Express to deleverage from its EBITDAR gross
leverage of 7.3x in 2022, a similar level in 2023 and deleverage
during 2024-2026 to around 6.5x. This compares with Punch's EBITDAR
net leverage at the same level in 2025, and around 7x for
Stonegate.

UK pubs have been more resilient to operating conditions. They
recovered a lot more quickly (volumes, visits, and profitability)
from the pandemic period of operational constraints than other
sectors such as hotels (reliant on tourists, holiday season
concentrations), and food-weighted restaurants (larger ticket and
less frequency of occasions). A pub patron's average spend is lower
than in the restaurant sector, and frequency and ease of visit is
higher than restaurants and hotels.

KEY ASSUMPTIONS

Fitch's Key Assumptions within Its Rating Case for the Issuer

- Starting from FY23's Fitch-calculated consolidated pre-IFRS16
EBITDAR of GBP442 million, deducting cash-paid rents of GBP81
million, EBITDA is GBP361 million. Annualising the full-year effect
of FY23's price increases net of labour inflation, adding a GBP14
million energy cost saving, and a phased EBITDA contribution from
already-completed capex-spent conversions, FY24 EBITDA is expected
to be at least GBP400 million. This increases further upon
part-year contribution from FY24 pub conversion spend.

- The main improvement in EBITDA stems from a programme of
converting L&T and some managed pubs

- Fitch has assumed that FY24 and FY25 food and drink price rises
are matched by operating cost increases. For L&T this improves the
net wet margin Stonegate receives, similarly for the operator-led
pub model, but benefits its managed model less.

- Energy costs (FY23: GBP64 million) improve to around GBP50
million in FY24 and GBP40 million in FY25, not reverting to the
FY22 level until FY26

- Of the group's total capex of GBP160 million-GBP180 million per
year, half is maintenance and half is dedicated to expansion and
pubs conversions. Pub conversions take 18-24 months for incremental
EBITDA to be reach its full 30-40% return on capex

- Disposal proceeds are GBP35 million per year

- Minimal additional drawdown of the group's RCFs at year-ends

RECOVERY ANALYSIS

Its recovery analysis assumes that Stonegate would be liquidated
rather than restructured as a going concern in a default.

Recoveries are based on the property values of the consolidated
group's assets, although bondholders' security is a pledge over the
equity shares in group entities. Its liquidation approach uses
latest valuations of the group's freehold and long leasehold
assets, which are frequently updated based on third-party
valuations. Fitch applies a 30% discount to these valuations
comparable with the 25% stress experienced by industry peers during
2007 to 2011 on an EBITDA/pub basis, replicating the 'fair
maintainable trade' component of pub valuations.

Fitch has used the FY23 pub valuations, excluding the Unique
estate. Including the above discount, the total amount Fitch
assumes available to Stonegate creditors is around GBP1.9 billion.

Fitch's recovery estimate for restricted group creditors also
includes a proxy for a discounted equity value from the ring-fenced
Unique pub assets, net of its GBP396 million debt, its currently
GBP73 million undrawn liquidity facility (assumed drawn), and
updated estimated SPENs (make-whole cost for prepaying fixed-rated
debt). From this, Fitch envisages that there would be around GBP0.6
billion of residual value available to Stonegate's restricted group
creditors.

After deducting a standard 10% for administrative claims, Fitch has
assumed that Stonegate's GBP248 million of super-senior RCFs and
GBP25 million overdraft, would be fully drawn in the event of
default.

Under Stonegate's existing debt, Fitch's principal waterfall
analysis generates a ranked recovery for senior secured loans of
'RR2' with a waterfall generated recovery computation output
percentage of 88% based on current metrics and assumptions,
indicating a two-notch uplift for this class of instrument above
the IDR. The upgrade of the senior secured debt rating to
'B+'/'RR2' from 'B'/'RR3' is based on the increased market
valuation of Stonegate's pub portfolio, and a higher residual value
calculation from the Unique portfolio.

Given the structural subordination, Fitch assigned a ranked
recovery for the second-lien in the 'RR6' band with 0% expected
recoveries. The 'RR6' band indicates a 'CCC' instrument rating, two
notches below the IDR.

RATING SENSITIVITIES

Factors that Could, Individually or Collectively, Lead to Positive
Rating Action/Upgrade:

The ratings could be removed from RWN and affirmed if Stonegate
successfully refinances its existing debt, including the
super-senior RCFs (mainly maturing September 2024) and senior debt
(July 2025) and Fitch has visibility that EBITDAR leverage is not
exceeding the downgrade rating sensitivities

Factors that Could, Individually or Collectively, Lead to Negative
Rating Action/Downgrade:

- No refinancing of the existing Stonegate debt and maturity
extensions of the RCFs and senior debt by June 2024

- Erosion of liquidity headroom and lack of positive
(post-maintenance capex) FCF

- EBITDAR leverage above 8.0x on a sustained basis

- EBITDAR fixed charge coverage not improving above 1.3x on a
sustained basis

LIQUIDITY AND DEBT STRUCTURE

In Reality, Segregated Liquidity: Compared with the consolidated
profile, the Stonegate that directly remunerates the rated GBP2.2
billion senior secured debt and GBP0.4 billion second-lien does not
benefit from the EBITDA cashflow from Unique and Platinum.
Currently, the Unique WBS requires a GBP65 million reserve account
to be built-up (FY23: zero), which Fitch does not foresee Unique
doing until after March 2026, before it is allowed to upstream
excess cashflow to Stonegate. The Platinum funding retains its
portfolio's excess cashflow. Both operating entities remunerate
Stonegate for their operational costs (supplies, drinks and
services).

This means that standalone Stonegate, with its total GBP248 million
RCFs (3Q23: drawn GBP115 million) and GBP25 million undrawn
overdraft facility, remunerates its debt where attributable
existing interest expense is barely covered by direct EBITDA. To
help cover the standalone profile for Stonegate, it will benefit
from incremental EBITDA from pub conversions (not in Platinum or
Unique) but will also fund this conversion spend of FY23 actual:
GBP20 million-25 million, FY24 forecast: GBP30-35 million.
Profitable pub disposal receipts (3Q23: GBP38 million, FY22: GBP42
million) are also predominantly at the Stonegate standalone level.

3Q23 Liquidity: At 3Q23, standalone Stonegate's cash was minimal at
GBP20 million, plus liquidity from undrawn RCFs and the overdraft
totaling GBP93 million (all due to expire September 2024). The
end-FY23 liquidity position is expected to be similar.

Debt Maturities in July 2025: Stonegate's main senior secured debt
is scheduled to mature in July 2025, followed by its second-lien in
March 2028. Stonegate's EUR496 million (GBP452 million) debt is
unhedged in currency and interest rates. Otherwise, Stonegate's
debt is largely fixed-rate, except for its GBP400million
second-lien that pays variable-rate Euribor.

Criteria Variation

Fitch's Corporate Rating Criteria guides analysts to use the income
statement rent charge (depreciation of leased assets plus interest
on leased liabilities) as the basis of its rent-multiple adjustment
(capitalising to create a debt-equivalent) in Fitch's
lease-adjusted ratios. However, Stonegate's IFRS 16 accounting rent
(FY22: GBP110 million) in its income statement is significantly
higher than the equivalent cash flow rent paid (FY22: GBP81
million), so Fitch has applied an 8x debt multiple to the cash rent
when calculating the group's lease-adjusted debt.

There are various reasons for the difference in accounting rent
versus cash paid rent. Stonegate has some long-dated real estate
leases, which result in higher non-cash, straight-lined,
"depreciation" within accounting rent. In some other Fitch-rated
leveraged finance portfolio examples, the difference between
accounting and cash rents is not of the magnitude to justify this
switch to capitalise cash rents.

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
   -----------            ------              --------   -----
Stonegate Pub Company
Financing 2019 Plc

   senior secured   LT     B+  Upgrade           RR2     B

Stonegate Pub
Company Limited     LT IDR B-  Rating Watch On           B-

Leased and Tenanted
Pubs 1 Limited

   Senior Secured
   2nd Lien         LT     CCC Rating Watch On   RR6     CCC


TOFT GREEN: Enters Liquidation, Owes GBP3.68MM to Creditors
-----------------------------------------------------------
YorkMix reports that the company that bought Fibbers in York with
plans to redevelop the site has called in the liquidators.

Toft Green Developments Ltd bought Fibbers at 3 Toft Green in June
2018 for GBP2 million from Aaron Mellor, chief executive of club
and bar group Tokyo Industries,
YorkMix recounts.

Exciting plans were then drawn up to demolish Fibbers, the iconic
music venue, and replace it with offices -- and a new 500-seat
music venue.

That scheme, which was put together in partnership with York
property company North Star, won planning permission from City of
York Council in December 2022, YorkMix notes.

But last November, North Star revealed that the scheme had stalled
due to lack of funds, YorkMix discloses.

Now Toft Green Developments has called in the liquidators, YorkMix
relates.  Accounts show it has debts of GBP3.68 million, YorkMix
states.

Among the creditors are York architects Vincent & Brown Ltd which
drew up the Fibbers redevelopment plans, which is owed more than
GBP62,000, accordinng to YorkMix.

Toft Green Developments, which was based at Ogleforth House in
York, has two directors, John Neal and Damion Todd.

The biggest of its creditors is Neal Investments Ltd, another firm
of which Mr. Neal is a director, which is also in administration.

Neal Investments Ltd and North Star (York) Investment Ltd were the
two biggest shareholders in Toft Green Developments.

Alan Coleman and Marco Piacquadio, of FTS Recovery Limited in
Milton Keynes, were appointed liquidators for Toft Green
Developments on Jan. 19, YorkMix relates.

Plans to transform the Fibbers site fell through after a sudden
rise in interest rates "made it untenable and uninvestable", one of
those involved said last year, according to YorkMix.


TORO PRIVATE I: S&P Raises LongTerm ICR to 'CCC+', Outlook Stable
-----------------------------------------------------------------
S&P Global Ratings raised its long-term issuer credit ratings on
Toro Private Holdings I Ltd. (Travelport) and its finance
subsidiary Travelport Finance (Luxembourg) S.a.r.l. to 'CCC+' from
'D'. Furthermore, S&P raised its issue rating on the $1.856 billion
priority-lien term loan to 'CCC+' from 'D', and S&P withdrew the
'D' issue rating on the junior priority-lien term loan following
its conversion into equity.

S&P said, "We have also assigned a new management and governance
(M&G) assessment of negative to Travelport. This follows the Jan.
7, 2024 publication of S&P Global Ratings' revised criteria for
evaluating the credit risks presented by an entity's M&G
framework.

"The stable outlook reflects our expectation of a material EBITDA
improvement over the next two years. It also reflects the company's
sizable cash balance as well as no debt maturity until 2028."

The debt restructuring and new money injection has significantly
reduced Travelport's debt and cash interest costs and improved its
liquidity. Travelport's reported financial debt now only includes
$1.856 billion of priority-lien debt after the conversion of its
$2.165 billion junior priority-lien debt to equity. S&P said, "We
also now forecast that Travelport's cash interest costs will reduce
to about $140 million in 2024 and $200 million in 2025, assuming
the company will opt to partly pay interest in kind, compared with
our previous forecast of $370 million-$410 million cash interest in
2024-2025. In addition, new money raised via a convertible
preferred equity issuance has replenished Travelport's cash balance
to about $210 million, improving its liquidity."

S&P said, "However, we believe the company's capital structure
remains unsustainable due to high leverage and limited FOCF and
interest coverage. We forecast continued high S&P Global
Ratings-adjusted debt to EBITDA of 12x-13x in 2024 and 10x-11x in
2025, following about 21x in 2023. We include the new $570 million
convertible preferred equity as debt in our adjusted debt
calculation, since it is callable for cash at the discretion of the
company until December 2026, or the next business day following an
IPO. It also is not stapled to common equity. In our calculation of
adjusted EBITDA we expense capitalized development costs, customer
loyalty costs, and corporate and restructuring costs. We forecast
that adjusted EBITDA will materially improve to $200 million-$230
million in 2024 and $250 million-$280 million in 2025, from about
$120 million in 2023. This reflects our assumption of lower
capitalized development costs and a significant degree of operating
leverage as bookings on the company's global distribution system
(GDS) platform further recover to 75%-80% of 2019 levels in 2024
and about 85% in 2025, from about 72% in 2023, according to our
base case. It also reflects an anticipated improvement in yields as
Asian travel recovers. In addition, we forecast only about
breakeven FOCF after lease payments in 2024-2025, and EBITDA cash
interest coverage of about 1.6x in 2024 and 1.3x in 2025 when the
mandatory cash interest rate on the company's priority debt
increases to 10% from 7%.

"We view Travelport's business risk profile as weak (compared with
fair previously) following a slower-than-expected recovery in GDS
bookings and profitability. In 2023, global air passenger numbers
were about 110% of 2019 levels, according to the International Air
Transport Association (IATA), whereas Travelport's air travel
bookings were about 77% of 2019 levels and total bookings
(including hotels) were about 72% of 2019 levels. We understand
that GDS bookings have also recovered significantly slower than
global air passenger numbers for Travelport's competitors Sabre and
Amadeus, which points to a structural weakness for GDS providers
that we expect to persist over the medium term. This includes
greater exposure to corporate business travel bookings (about 35%
of Travelport's pre-COVID-19 pandemic volumes), which have lagged
the overall recovery in air travel, and a portion of which we
assume has been lost permanently to virtual meetings under hybrid
work models. It also reflects large booking platforms such as
Expedia and Booking.com increasingly choosing to organize bookings
with airlines and hotels directly rather than via a GDS platform,
and market share gain by low-cost carriers which mainly rely on
direct bookings and rarely use GDS services. Unexpectedly low
booking volumes on Travelport's platform have also weakened its
profitability due to a significant degree of operating leverage and
a need to continue high investment in its platform in order to
remain competitive. This is partly offset by cost savings
implemented in 2023 which will annualize in 2024. We forecast that
Travelport's S&P Global Ratings-adjusted EBITDA margin may not
improve to about 15% until 2025, from about 8% in 2023.

"Our new M&G assessment of negative reflects deficiencies in
management and governance that increase credit risk for Travelport.
This reflects our view of deficiencies in the company's risk
management and protection of creditor interests, as evidenced by
the three defaults we have recognized under our criteria over the
past three and a half years. It also reflects the company's
majority ownership by a group of financial sponsors, for which we
generally observe corporate decision-making that prioritizes the
interests of the controlling owners, generally finite holding
periods and a focus on maximizing shareholder returns. We note that
the make-up of the company's ownership and board has changed
following the debt restructuring transaction, with less
concentrated control than in the previous structure.

"The stable outlook reflects our expectation of a material EBITDA
improvement over the next two years. It also reflects the company's
sizable cash balance as well as no debt maturity until 2028.

"We could lower our ratings on Travelport if we believed there was
an increased risk of default in the next 12 months. This could
occur, for example, if the expected business recovery fails to take
hold, leading to significantly negative FOCF and a sharp
deterioration in liquidity. We could also downgrade the company if
it announced an additional debt exchange offer or debt
restructuring, or missed any interest payment.

"We could raise the ratings if a sustained solid recovery in
operating performance leads to adjusted debt to EBITDA of below
10x. We would also expect to see sustainably positive FOCF after
lease payments and EBITDA cash interest coverage of about 1.5x. In
our view this would point to a sustainable capital structure over
the long term."




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

[*] BOND PRICING: For the Week January 22 to January 26, 2024
-------------------------------------------------------------
Issuer                 Coupon  Maturity  Currency  Price
------                 ------  --------  -------   -----
United Kingdom Gilt     0.500 10/22/2061     GBP    30.765
Republic of Austria     0.850  6/30/2120     EUR    43.433
French Republic Gov     0.500  5/25/2072     EUR    39.675
Signa Development F     5.500  7/23/2026     EUR     5.000
Republic of Austria     2.100  9/20/2117     EUR    74.467
Heimstaden Bostad A     3.248                EUR    64.669
United Kingdom Gilt     0.625 10/22/2050     GBP    41.329
Heimstaden Bostad A     3.625                EUR    56.631
Gol Finance SA          7.000  1/31/2025     USD    26.367
Atos SE                 1.750  05/07/2025    EUR    67.363
BRANICKS Group AG       2.250  9/22/2026     EUR    40.606
United Kingdom Gilt     0.625  7/31/2035     GBP    69.342
Heimstaden Bostad A     2.625                EUR    49.191
Turkiye Government      5.750  05/11/2047    USD    74.943
Atos SE                 1.000  11/12/2029    EUR    46.908
Heimstaden AB           4.375  03/06/2027    EUR    53.282
Italy Buoni Polienn     2.150  09/01/2052    EUR    66.304
Heimstaden Bostad A     3.375                EUR    56.785
Heimstaden AB           4.250  03/09/2026    EUR    55.786
Braskem Netherlands     5.875  1/31/2050     USD    71.010
ATF Netherlands BV      7.078                EUR    53.241
Unigel Luxembourg S     8.750  10/01/2026    USD    32.125
United Kingdom Gilt     1.125 10/22/2073     GBP    37.997
Vedanta Resources F     9.250  4/23/2026     USD    67.422
VTR Finance NV          6.375  7/15/2028     USD    37.413
Italy Buoni Polienn     2.150  03/01/2072    EUR    60.631
Italy Buoni Polienn     1.700  09/01/2051    EUR    60.901
Thames Water Kemble     4.625  5/19/2026     GBP    48.900
Clariane SE             4.125                GBP    55.376
CPI Property Group      1.500  1/27/2031     EUR    60.296
CPI Property Group      4.875                EUR    41.568
Aroundtown SA           2.125                EUR    39.841
Allianz SE              3.875                USD    69.972
Mitsubishi UFJ Inve     8.456 12/15/2050     EUR    48.775
French Republic Gov     0.750  5/25/2053     EUR    54.294
Tele Columbus AG        3.875  05/02/2025    EUR    62.499
Allianz SE              2.600                EUR    72.747
DEMIRE Deutsche Mit     1.875 10/15/2024     EUR    64.626
Carnival PLC            1.000 10/28/2029     EUR    75.304
Heimstaden AB           6.750                EUR    23.409
Romanian Government     3.375  1/28/2050     EUR    66.419
Heimstaden Bostad A     3.000                EUR    48.729
United Kingdom Infl     0.125  3/22/2051     GBP    73.798
Altice France Holdi    10.500  5/15/2027     USD    61.251
Altice France Holdi     8.000  5/15/2027     EUR    55.917
Spain Government Bo     1.450 10/31/2071     EUR    48.484
United Kingdom Gilt     1.125  1/31/2039     GBP    65.801
AT Securities BV        7.747                USD    51.007
CPI Property Group      3.750                EUR    35.069
Kleopatra Holdings      6.500  09/01/2026    EUR    58.875
Nexity SA               0.875  4/19/2028     EUR    39.721
Grand City Properti     1.500                EUR    50.586
Samhallsbyggnadsbol     2.624                EUR    14.151
Casino Guichard Per     4.498  03/07/2024    EUR     1.051
State of North Rhin     0.950  01/10/2121    EUR    43.767
United Kingdom Gilt     1.250  7/31/2051     GBP    50.194
Casino Guichard Per     3.992                EUR     0.301
Landesbank Baden-Wu     4.000                EUR    74.854
Aroundtown SA           2.875                EUR    41.708
CPI Property Group      4.875                EUR    39.258
Italy Buoni Polienn     1.500  4/30/2045     EUR    62.981
Julius Baer Group L     3.625                USD    71.206
Casino Guichard Per     4.469                EUR     0.168
Ukraine Government      7.750  08/01/2041    USD    47.369
CPI Property Group      1.750  1/14/2030     EUR    65.924
Pro-Gest SpA            3.250 12/15/2024     EUR    55.292
Aroundtown SA           3.375                EUR    49.100
Citycon Oyj             3.625                EUR    62.313
Clariane SE             0.875  03/06/2027    EUR    40.112
Ukraine Government      7.253  3/15/2035     USD    25.707
Banco Santander SA      3.625                EUR    74.736
Gol Finance SA          8.000  6/30/2026     USD    35.091
Nexity SA               0.250  03/02/2025    EUR    63.615
Chrome Holdco SAS       5.000  5/31/2029     EUR    70.162
Slovakia Government     1.000 10/13/2051     EUR    47.996
Deutsche Pfandbrief     8.474                EUR    59.157
Aroundtown SA           1.625                EUR    38.810
Metalcorp Group SA      8.500  6/28/2026     EUR     2.641
Turkiye Government      4.875  4/16/2043     USD    69.461
Teva Pharmaceutical     4.100  10/01/2046    USD    67.841
United Kingdom Gilt     1.250 10/22/2041     GBP    62.461
Romanian Government     2.750  4/14/2041     EUR    65.682
Prosus NV               4.987  1/19/2052     USD    74.183
Clariane SE             2.250 10/15/2028     EUR    58.642
AnaCap Financial Eu     8.968  08/01/2024    EUR    64.911
SBB Treasury Oyj        1.125 11/26/2029     EUR    60.344
Herens Midco Sarl       5.250  5/15/2029     EUR    65.200
United Kingdom Gilt     0.875  1/31/2046     GBP    50.760
Italy Buoni Polienn     0.150  5/15/2051     EUR    63.065
United Kingdom Infl     0.375  3/22/2062     GBP    73.497
Deutsche Pfandbrief     4.679  6/28/2027     EUR    72.129
Russian Foreign Bon     5.100  3/28/2035     USD    43.000
Ukraine Government      4.375  1/27/2032     EUR    22.647
Heimstaden Bostad T     1.625 10/13/2031     EUR    68.413
United Kingdom Gilt     1.625 10/22/2071     GBP    47.790
Casino Guichard Per     3.580  02/07/2025    EUR     0.851
InterCement Financi     5.750  7/17/2024     USD    72.570
Casino Guichard Per     5.250  4/15/2027     EUR     1.066
Voltalia SA             1.000  1/13/2025     EUR    29.341
NAK Naftogaz Ukrain     7.650  7/19/2025     USD    75.656
Samhallsbyggnadsbol     2.875                EUR    14.053
Kenbourne Invest SA     6.875 11/26/2024     USD    69.196
Ukraine Government      7.375  9/25/2034     USD    25.153
Audax Renovables SA     4.200 12/18/2027     EUR    72.782
Atos SE                 2.500  11/07/2028    EUR    53.740
Casino Guichard Per     6.625  1/15/2026     EUR     0.888
Republic of Austria     0.700  4/20/2071     EUR    45.275
UBS Group AG            0.625  1/18/2033     EUR    74.566
Air France-KLM          0.125  3/25/2026     EUR    17.694
Rothschild & Co Con     3.650                EUR    70.000
HSE Finance Sarl        5.625 10/15/2026     EUR    58.670
Samhallsbyggnadsbol     2.250  08/12/2027    EUR    67.909
Romanian Government     2.000  4/14/2033     EUR    73.913
Clariane SE             1.875                EUR    24.778
Codere Finance 2 Lu    11.000  9/30/2026     EUR    50.028
gategroup Finance L     3.000  2/28/2027     CHF    70.078
Voyage Care BondCo      5.875  2/15/2027     GBP    73.910
SBB Treasury Oyj        0.750 12/14/2028     EUR    61.178
Accor SA                0.700  12/07/2027    EUR    47.665
United Kingdom Gilt     1.500  7/31/2053     GBP    52.463
Republic of Italy G     4.000 10/17/2049     USD    72.639
NGD Holdings BV         6.750 12/31/2026     USD    69.664
Abengoa Abenewco 2      1.500 10/26/2024     EUR     2.307
Republic of Italy G     3.875  05/06/2051    USD    70.001
French Republic Gov     0.500  6/25/2044     EUR    61.076
Samhallsbyggnadsbol     2.625                EUR    14.180
Hungary Government      3.125  9/21/2051     USD    63.590
Hurtigruten Group A    11.000  2/14/2025     EUR    55.371
Slovenia Government     0.688  03/03/2081    EUR    43.880
United Kingdom Infl     0.125 11/22/2065     GBP    65.061
Ukraine Government      7.750  09/01/2024    USD    30.440
Grand City Properti     5.901                EUR    63.375
Electricite de Fran     4.500  12/04/2069    USD    73.384
Liquid Telecommunic     5.500  09/04/2026    USD    58.209
Ukraine Government      6.750  6/20/2028     EUR    25.933
Intesa Sanpaolo SpA     4.950  06/01/2042    USD    71.785
Heimstaden AB           9.982                SEK    30.817
Casino Guichard Per     4.048  08/05/2026    EUR     0.894
Kudelski SA             1.500  9/27/2024     CHF    70.750
United Kingdom Infl     0.125  3/22/2058     GBP    68.559
Hellenic Republic G     1.875  1/24/2052     EUR    69.157
B2W Digital Lux Sar     4.375 12/20/2030     USD    20.380
Codere Finance 2 Lu    12.750 11/30/2027     EUR     2.000
R-Logitech Finance     10.250  9/26/2027     EUR    14.537
Prosus NV               3.832  02/08/2051    USD    61.895
Serbia Internationa     2.050  9/23/2036     EUR    67.751
ING Groep NV            4.250                USD    72.552
Grand City Properti     6.332                EUR    71.459
FIGEAC-AERO             1.750 10/18/2028     EUR    19.065
Italy Buoni Polienn     2.450  09/01/2050    EUR    72.539
Mutuelle Assurance      3.500                EUR    74.829
Heimstaden Bostad T     0.750  09/06/2029    EUR    70.739
French Republic Gov     0.750  5/25/2052     EUR    55.485
Portugal Obrigacoes     1.000  04/12/2052    EUR    56.173
Republic of Poland      2.000  03/08/2049    EUR    68.773
Serbia Internationa     1.650  03/03/2033    EUR    72.272
United Kingdom Gilt     1.625 10/22/2054     GBP    53.726
NAK Naftogaz Ukrain     7.625  11/08/2028    USD    47.212
Ukraine Government      7.750  09/01/2025    USD    30.652
Spain Government Bo     1.000 10/31/2050     EUR    54.708
United Kingdom Gilt     1.750  7/22/2057     GBP    54.638
Kenbourne Invest SA     4.700  1/22/2028     USD    52.813
Romanian Government     4.000  2/14/2051     USD    70.619
Gazprom PJSC via Ga     1.540  6/30/2027     CHF    61.065
Development Bank of     6.750  05/02/2024    USD    41.013
Canary Wharf Group      3.375  4/23/2028     GBP    68.815
Agps Bondco PLC         5.000  1/14/2029     EUR    34.103
Cie de Phalsbourg S     5.000  3/27/2029     EUR    53.932
Russian Foreign Bon     5.250  6/23/2047     USD    35.051
Aroundtown SA           4.750                GBP    48.083
Compact Bidco BV        5.750  05/01/2026    EUR    45.777
United Kingdom Infl     0.125 11/22/2056     GBP    69.853
Aragvi Finance Inte     8.450  4/29/2026     USD    68.088
Abengoa Abenewco 2      1.500 10/26/2024     EUR     2.307
Agps Bondco PLC         4.625  1/14/2026     EUR    36.484
Shell International     3.250  04/06/2050    USD    73.322
Arrival SA              3.500  12/01/2026    USD     1.000
Romanian Government     2.875  4/13/2042     EUR    65.432
French Republic Gov     1.750  5/25/2066     EUR    68.998
Dignity Finance PLC     4.696 12/31/2049     GBP    73.860
Altice France Holdi     6.000  2/15/2028     USD    46.048
Nitrogenmuvek Vegyi     7.000  5/14/2025     EUR    70.000
JSM Global Sarl         4.750 10/20/2030     USD    20.375
French Republic Gov     1.500  5/25/2050     EUR    70.655
Republic of Austria     1.500  11/02/2086    EUR    59.870
Ukraine Government      7.750  09/01/2028    USD    29.254
Trinseo Materials O     5.125  04/01/2029    USD    38.703
Russian Foreign Bon     4.375  3/21/2029     USD    49.826
Mitsubishi UFJ Inve     8.182 12/30/2099     EUR     7.656
BAT International F     2.250  09/09/2052    GBP    42.342
Italy Buoni Polienn     1.800  03/01/2041    EUR    71.957
Republic of Austria     0.750  3/20/2051     EUR    58.918
Kernel Holding SA       6.750 10/27/2027     USD    64.492
Russian Foreign Bon     1.850 11/20/2032     EUR    31.500
Brit Insurance Hold     3.676  12/09/2030    GBP    73.691
Spain Government Bo     1.000  7/30/2042     EUR    65.473
Republic of Austria     0.250 10/20/2036     EUR    71.716
HKScan Oyj              5.000  3/24/2025     EUR    74.881
La Banque Postale S     3.000                EUR    73.372
NAK Naftogaz Ukrain     7.125  7/19/2026     EUR    48.539
United Kingdom Gilt     1.750  1/22/2049     GBP    60.080
Hungary Government      1.500 11/17/2050     EUR    57.198
Ellos Group AB/Bora    10.847  7/25/2024     SEK    73.771
FF Group Finance Lu     1.750  07/03/2019    EUR     7.009
IMMOFINANZ AG           2.500 10/15/2027     EUR    73.196
Russian Railways Vi     0.898  10/03/2025    CHF    62.316
CPI Property Group      5.800                SGD    47.834
Kingdom of Belgium      0.400  6/22/2040     EUR    65.453
Altice France Holdi     4.000  2/15/2028     EUR    43.583
Ukraine Government      7.750  09/01/2026    USD    28.998
Samhallsbyggnadsbol     2.375  09/04/2026    EUR    74.092
Czech Republic Gove     1.500  4/24/2040     CZK    70.915
Kreditanstalt fuer      0.050  9/29/2034     EUR    75.110
VTB Bank PJSC Via V     9.500                USD    17.593
Orpea SA                2.625  03/10/2025    EUR    20.055
United Kingdom Gilt     2.500  7/22/2065     GBP    65.476
Credit Agricole Ita     0.125  3/15/2033     EUR    74.383
Viaplay Group AB        5.548  5/23/2024     SEK    51.734
Ukraine Government      6.876  5/21/2031     USD    24.014
Prosus NV               4.027  08/03/2050    USD    64.059
Endo Luxembourg Fin     6.125  04/01/2029    USD    64.660
Gazprom PJSC via Ga     3.897                EUR    60.037
Bigben Interactive      1.125  2/19/2026     EUR    59.689
Hungary Government      3.000  4/25/2041     HUF    68.477
Societe Generale SA     4.027  1/21/2043     USD    71.050
Nostrum Oil & Gas F     5.000  6/30/2026     USD    69.265
Caybon Holding AB      10.550  03/03/2025    SEK    45.810
Agps Bondco PLC         6.000  08/05/2025    EUR    37.004
Bulgaria Government     1.375  9/23/2050     EUR    60.536
Russian Railways Vi     2.100  10/02/2023    CHF    66.046
Russian Foreign Bon     4.250  6/23/2027     USD    62.192
Deutsche Pfandbrief     4.600  2/22/2027     EUR    73.438
Turkiye Government     10.500  08/11/2027    TRY    66.450
Mallinckrodt Intern    10.000  6/15/2029     USD     6.000
Prosus NV               1.985  7/13/2033     EUR    72.878
VEON Holdings BV        3.375 11/25/2027     USD    73.170
Mithra Pharmaceutic     4.250 12/17/2025     EUR    29.861
Shell International     3.000 11/26/2051     USD    70.162
OSB Group PLC           6.000                GBP    73.975
Ukraine Government      7.750  09/01/2027    USD    26.801
Turkiye Government     11.700 11/13/2030     TRY    63.450
Ireland Government      1.500  5/15/2050     EUR    73.446
Ukraine Government      8.994  02/01/2026    USD    31.957
Rallye SA               4.000  2/28/2032     EUR     0.071
State of North Rhin     2.150  3/21/2119     EUR    70.944
Elli Finance UK PLC     8.750  6/15/2019     GBP    44.819
Turkiye Government     10.600  02/11/2026    TRY    66.000
Agps Bondco PLC         4.250  7/31/2025     EUR    70.527
Russian Railways Vi     3.125                CHF    10.000
Wuestenrot & Wuertt     2.125  09/10/2041    EUR    74.792
BAT International F     4.000 11/23/2055     GBP    60.040
Netherlands Governm     0.500  1/15/2040     EUR    72.570
Victoria PLC            3.750  3/15/2028     EUR    69.591
University of Oxfor     2.544  12/08/2117    GBP    54.334
Kingdom of Belgium      1.700  6/22/2050     EUR    72.756
Abengoa Abenewco 2      1.500  4/26/2024     EUR     0.498
Slovakia Government     2.000 10/17/2047     EUR    69.727
Finland Government      0.125  4/15/2052     EUR    47.519
Gazprom PJSC Via Ga     2.500  3/21/2026     EUR    65.024
Croatia Government      1.750  03/04/2041    EUR    75.079
Republic of Belarus     6.378  2/24/2031     USD    32.485
Russian Foreign Bon     4.750  5/27/2026     USD    60.691
Slovenia Government     0.488 10/20/2050     EUR    49.765
Ukraine Government      9.750  11/01/2030    USD    30.853
Russian Railways Vi     0.840  03/12/2026    CHF    51.033
Sweden Government B     1.375  6/23/2071     SEK    64.856
JT International Fi     3.300  9/14/2051     USD    65.953
Romanian Government     2.625  12/02/2040    EUR    65.708
Russian Railways Vi     7.487  3/25/2031     GBP    66.876
Spain Government Bo     0.850  7/30/2037     EUR    72.615
Allied Irish Banks     12.500  6/25/2035     GBP    58.319
VTR Finance NV          6.375  7/15/2028     USD    37.394
Fnac Darty SA           0.250  3/23/2027     EUR    69.742
Ukraine Government      7.750  09/01/2029    USD    28.894
Cadent Finance PLC      2.250  10/10/2035    GBP    71.703
Alfa Bank AO Via Al     5.950  4/15/2030     USD     2.000
Rallye SA               4.371  2/28/2032     EUR     0.066
MBT Systems GmbH        3.500  07/08/2027    EUR    70.110
SIGNA Prime CM 2017     4.000  4/30/2047     EUR     2.681
La Financiere Atali     5.125  5/15/2025     EUR    73.397
Hungary Government      3.000 10/27/2038     HUF    71.396
CPI Property Group      2.750  1/22/2028     GBP    74.370
Russian Railways Vi     2.200  5/23/2027     EUR    65.276
Societe Generale SA     3.625  03/01/2041    USD    67.281
Gazprom PJSC via Ga     1.500  2/17/2027     EUR    62.090
Ukraine Railways Vi     8.250  07/09/2026    USD    54.414
Flamingo Lux II SCA     5.000  3/31/2029     EUR    73.877
Russian Foreign Bon     2.650  5/27/2036     EUR    29.832
Scottish Hydro Elec     2.125  3/24/2036     GBP    73.044
NIBC Bank NV            2.850  2/21/2040     EUR    64.968
Interpipe Holdings      8.375  5/13/2026     USD    72.939
United Utilities Wa     1.875  06/03/2042    GBP    61.149
Republic of Austria     1.500  2/20/2047     EUR    74.738
Delivery Hero SE        2.125  03/10/2029    EUR    70.632
Samhallsbyggnadsbol     7.599                SEK    14.865
FF Group Finance Lu     3.250  11/02/2021    CHF     8.408
Global Fashion Grou     1.250  3/15/2028     EUR    72.050
State of North Rhin     1.450  1/19/2122     EUR    51.099
Vnesheconombank Via     6.800 11/22/2025     USD     6.593
SAS AB                  8.755                SEK     1.316
Tresu Investment Ho     8.925  01/04/2027    EUR    13.020
Rothesay Life PLC       5.000                GBP    71.741
SABIC Capital I BV      3.000  9/14/2050     USD    66.802
Idorsia Ltd             2.125  08/04/2028    CHF    37.906
Wellcome Trust Ltd/     2.517  02/07/2118    GBP    54.849
Agps Bondco PLC         5.000  4/27/2027     EUR    35.312
Wirecard AG             0.500  09/11/2024    EUR    16.037
Vnesheconombank Via     5.942 11/21/2023     USD     7.524
Just Group PLC          5.000                GBP    68.979
Turkiye Government     10.400 10/13/2032     TRY    54.000
MHP Lux SA              6.250  9/19/2029     USD    65.783
Republic of Poland      2.000 10/25/2046     EUR    72.978
Solocal Group          10.925  3/15/2025     EUR    19.864
MBT Systems GmbH        3.750  5/17/2029     EUR    63.956
Thames Water Utilit     1.250  1/31/2032     EUR    73.868
Nykredit Realkredit     1.000  10/01/2053    DKK    71.327
Societe Du Grand Pa     0.300  09/02/2036    EUR    69.467
Gazprom PJSC via Ga     2.950  1/27/2029     USD    62.702
Vonovia Finance BV      1.125  9/14/2034     EUR    73.249
Aroundtown SA           3.000 10/16/2029     GBP    75.056
Magnolia Bostad AB     10.935  3/18/2025     SEK    73.987
VTB Bank OJSC Via V     6.950 10/17/2022     USD     6.510
Slovakia Government     0.375  4/21/2036     EUR    67.594
ALROSA Finance SA       3.100  6/25/2027     USD     8.479
Cadent Finance PLC      2.625  9/22/2038     GBP    69.755
UBS Group AG            0.625  2/24/2033     EUR    75.406
DDM Debt AB             9.000  4/19/2026     EUR    65.119
National Grid Elect     1.625  10/07/2035    GBP    68.614
Credit Bank of Mosc     5.150  2/20/2024     EUR    27.894
Metinvest BV            7.750 10/17/2029     USD    58.480
BAT International F     2.000  3/13/2045     EUR    62.493
Nykredit Realkredit     1.000  10/01/2050    DKK    72.817
Schlote Holding Gmb     6.750 11/21/2024     EUR    37.609
Nederlandse Watersc     0.500  4/26/2051     EUR    51.347
Metinvest BV            8.500  4/23/2026     USD    70.557
UBM Development AG      5.500                EUR    69.614
Saxa Gres Spa           7.000  08/04/2027    EUR     4.653
TotalEnergies Capit     3.127  5/29/2050     USD    71.996
Ekosem-Agrar AG         2.500  7/31/2029     EUR     8.958
Pandion AG              5.500  02/05/2026    EUR    74.645
Bayer AG                1.000  01/12/2036    EUR    70.394
Idorsia Ltd             0.750  7/17/2024     CHF    59.805
Russian Foreign Bon     2.875  12/04/2025    EUR    62.207
Gazprom PJSC via Ga     1.850 11/17/2028     EUR    52.910
IOG Plc                13.438  9/20/2024     EUR    10.000
Sberbank of Russia      5.125 10/29/2022     USD    32.833
Gazprom PJSC via Ga     3.000  6/29/2027     USD    68.308
WM Morrison Superma     4.750  07/04/2029    GBP    64.200
Deutsche Bahn Finan     0.625  12/08/2050    EUR    53.056
Societe Generale SA     4.027  1/21/2043     USD    71.723
Vonovia SE              1.625  09/01/2051    EUR    56.142
Plusplus Capital Fi    11.000  7/29/2026     EUR     6.340
Viaplay Group AB        5.437  2/24/2026     SEK    70.547
Offentliga Hus I No    10.924                SEK    44.303
Financiere Immobili     6.000  1/30/2025     EUR    14.435
Rickmers Holding AG     8.875  06/11/2018    EUR     1.247
Oscar Properties Ho    11.317  07/05/2024    SEK     8.430
Altice France SA/Fr     5.125  1/15/2029     USD    74.772
Delivery Hero SE        1.500  1/15/2028     EUR    73.799
State Agency of Roa     6.250  6/24/2030     USD    24.422
ALROSA Finance SA       4.650  04/09/2024    USD     9.607
Vonovia SE              1.500  6/14/2041     EUR    63.529
Turkiye Government      8.000  03/12/2025    TRY    73.500
Ukraine Railways Vi     7.875  7/15/2028     USD    48.297
HSE Finance Sarl        9.752 10/15/2026     EUR    60.632
State of North Rhin     1.375  1/15/2120     EUR    50.744
Republic of Belarus     5.875  2/24/2026     USD    34.340
NPC Ukrenergo           6.875  11/09/2028    USD    27.283
Kingdom of Belgium      1.600  6/22/2047     EUR    73.663
Russian Foreign Bon     7.500  3/31/2030     USD    65.089
PB International BV     7.625 12/31/2025     USD    40.015
Electricite de Fran     2.000  12/09/2049    EUR    63.868
Ukreximbank Via Biz     9.950 11/14/2029     USD    68.693
Holcim Finance Luxe     1.375  10/08/2036    EUR    67.185
Royalty Pharma PLC      3.300  09/02/2040    USD    74.574
Vonovia SE              0.750  09/01/2032    EUR    75.022
Gazprom PJSC Via Ga     5.150  02/11/2026    USD    72.203
Russian Foreign Bon     5.625  04/04/2042    USD    66.954
Vodafone Group PLC      3.375  08/08/2049    GBP    68.525
Gazprom PJSC via Ga     2.950  4/15/2025     EUR    67.986
Societe Generale SA     3.625  03/01/2041    USD    68.129
Lithuania Governmen     0.500  7/28/2050     EUR    48.457
Marginalen Bank Ban    10.099 10/30/2028     SEK    68.813
Vonovia SE              1.000  6/16/2033     EUR    74.837
Viaplay Group AB        6.289  6/26/2025     SEK    52.051
Neoen SA                2.000  06/02/2025    EUR    44.803
John Lewis PLC          4.250 12/18/2034     GBP    71.006
HOCHDORF Holding AG     7.277                CHF    28.406
Dtek Renewables Fin     8.500  11/12/2024    EUR    57.649
Turkiye Government     12.400  03/08/2028    TRY    65.000
Agps Bondco PLC         5.500 11/13/2026     EUR    35.894
Republic of Belarus     7.625  6/29/2027     USD    33.860
Barclays PLC            3.330 11/24/2042     USD    72.801
Gazprom PJSC via Ga     4.599                USD    51.397
Selina Hospitality      6.000  11/01/2026    USD     1.000
Orsted AS               2.500  2/18/3021     GBP    66.886
BP Capital Markets      1.467  9/21/2041     EUR    68.806
Gol Finance SA          8.000  6/30/2026     USD    39.750
Sweden Government B     0.500 11/24/2045     SEK    68.400
Shell International     3.125  11/07/2049    USD    71.519
Codere Finance 2 Lu    13.625 11/30/2027     USD     5.000
Cadent Finance PLC      2.750  9/22/2046     GBP    62.505
Enel Finance Intern     0.875  6/17/2036     EUR    70.158
BAE Systems PLC         3.000  9/15/2050     USD    69.692
Euroboden GmbH          5.500  10/01/2024    EUR     2.851
Thomas Cook Group P     6.250  6/15/2022     EUR     0.731
SPP-Distribucia AS      1.000  06/09/2031    EUR    73.287
Air Berlin PLC          6.750  05/09/2019    EUR     0.317
Desenio Group AB        9.535 12/16/2024     SEK    63.333
Verbund AG              0.900  04/01/2041    EUR    69.189
Agri Resources Grou     8.000  3/17/2026     EUR     0.054
ERWE Immobilien AG      7.500  12/10/2023    EUR    23.020
OGX Austria GmbH        8.375  04/01/2022    USD     0.011
Orpea SA                0.375  5/17/2027     EUR    38.912
Quant AB               10.002 11/15/2025     EUR    69.561
Abengoa Abenewco 2      1.500 10/26/2024     USD     1.559
Gazprom PJSC Via Ga     4.364  3/21/2025     EUR    69.986
Senivita Social Est     6.500  05/12/2025    EUR     2.010
Turkiye Government     16.900  09/02/2026    TRY    75.000
BICO Group AB           2.875  3/19/2026     SEK    69.667
Novo Banco SA/Luxem     3.500  1/23/2043     EUR    72.913
Ukraine Government      9.790  5/26/2027     UAH    62.888
Ireland Government      0.550  4/22/2041     EUR    68.677
Societe Nationale S     0.875  2/28/2051     EUR    50.318
Tinkoff Bank JSC Vi    11.002                USD    37.000
Lloyds Banking Grou     3.369 12/14/2046     USD    68.196
Braskem Netherlands     5.875  1/31/2050     USD    71.266
Koninklijke Luchtva     0.750                CHF    27.350
Credit Bank of Mosc     3.100  1/21/2026     EUR    22.329
State of North Rhin     1.950  9/26/2078     EUR    69.351
SIGNA Prime CM 2017     3.250 11/30/2029     EUR     4.495
Shell International     1.750  09/10/2052    GBP    51.070
Marginalen Bank Ban     9.947  8/28/2029     SEK    59.983
publity AG              5.500  6/19/2025     EUR    57.088
Gazprom PJSC via Ga     3.250  2/25/2030     USD    57.555
Orpea SA                2.000  04/01/2028    EUR    20.426
Region de Bruxelles     1.121  05/11/2071    EUR    43.980
Enel Finance Intern     0.875  9/28/2034     EUR    73.802
Severstal OAO Via S     3.150  9/16/2024     USD     5.601
BPCE SA                 3.582 10/19/2042     USD    70.838
BNP Paribas SA          2.000  9/13/2036     GBP    71.320
Codere Finance 2 Lu    13.625 11/30/2027     USD     3.933
GTLK Europe Capital     5.950  4/17/2025     USD    28.185
K2A Knaust & Anders    10.043                SEK    64.000
BNP Paribas SA          2.824  1/26/2041     USD    68.024
Muenchener Hypothek     0.010  11/02/2040    EUR    59.703
Deutsche Bahn Finan     1.125  5/29/2051     EUR    60.812
Clariane SE             3.350  6/29/2028     EUR    61.830
Russian Railways Vi     1.195  04/03/2028    CHF    50.186
La Financiere Atali     6.625  5/15/2025     GBP    72.813
Credit Bank of Mosc     3.875  9/21/2026     USD    37.993
Wessex Water Servic     1.250  01/12/2036    GBP    63.081
Greenbit Energy AS     14.750  5/27/2025     NOK    69.511
Republic of Belarus     6.200  2/28/2030     USD    32.152
Slovakia Government     2.250  06/12/2068    EUR    66.175
Scandinavian Airlin     0.625                CHF     1.749
Royalty Pharma PLC      3.350  09/02/2051    USD    66.753
Chesnara PLC            4.750  08/04/2032    GBP    73.802
Paul Tech AG            7.000  12/01/2025    EUR    62.332
Nordea Kredit Realk     1.000  10/01/2050    DKK    72.867
Intu Debenture PLC      5.562 12/31/2027     GBP    39.343
Abengoa Abenewco 2      1.500 10/26/2024     USD     0.009
Novolipetsk Steel V     4.000  9/21/2024     USD    72.000
Sydbank AS              3.252                EUR    69.408
University College      1.625  06/04/2061    GBP    48.687
Slovenia Government     1.175  2/13/2062     EUR    58.144
Credit Agricole SA      2.811  01/11/2041    USD    68.598
Aroundtown SA           3.625  04/10/2031    GBP    73.216
Gazprom PJSC via Ga     3.500  7/14/2031     USD    60.226
Realkredit Danmark      1.000  10/01/2050    DKK    72.806
Turkiye Government     11.000  2/24/2027     TRY    64.000
UBS Group AG            3.179  02/11/2043    USD    72.489
Barclays PLC            3.811  03/10/2042    USD    73.596
Hellenic Republic G     2.085  7/25/2057     EUR    31.418
Avangardco Investme    10.000 10/29/2018     USD     0.109
Gazprom PJSC Via Ga     4.950  02/06/2028    USD    73.005
Credit Agricole SA      2.811  01/11/2041    USD    67.924
Rallye SA               3.250  2/28/2032     CHF     0.087
Ilija Batljan Inves     7.297 12/15/2024     SEK    23.078
Medtronic Global Ho     1.625 10/15/2050     EUR    65.948
Sberbank of Russia      5.250  5/23/2023     USD    33.759
Bank Gospodarstwa K     2.375 11/27/2040     PLN    66.020
State of North Rhin     1.750  07/11/2068    EUR    67.178
Annington Funding P     3.935  07/12/2047    GBP    75.056
Senvion Holding Gmb     3.875 10/25/2022     EUR     0.104
GlaxoSmithKline Cap     1.625  05/12/2035    GBP    73.672
ABH Financial Ltd V     2.875  11/09/2022    CHF
Societe Nationale S     1.000  1/19/2061     EUR    43.444
Marston's Issuer PL     7.890  7/16/2035     GBP    73.418
Finland Government      1.375  4/15/2047     EUR    74.026
Thermo Fisher Scien     2.000 10/18/2051     EUR    69.600
ABN AMRO Bank NV        1.125  4/23/2039     EUR    74.267
Alfa Bank AO Via Al     6.950                USD     8.672
MMK International C     4.375  6/13/2024     USD    28.265
SRV Group Oyj           4.875                EUR    30.000
Home Group Ltd          3.125  3/27/2043     GBP    71.575
Annington Funding P     2.924  10/06/2051    GBP    58.999
Offshore Drilling H     8.375  9/20/2020     USD     0.750
Aberdeen City Counc     0.100  2/28/2054     GBP    73.763
Immigon Portfolioab    10.258                EUR    17.219
VTB Bank OJSC Via V     4.073 10/24/2024     CHF    16.000
Wellcome Trust Ltd/     1.500  7/14/2071     GBP    41.279
Societe Nationale S     1.000  5/25/2040     EUR    68.544
Terragon AG             6.500  5/24/2024     EUR     2.101
Kenbourne Invest SA     4.700  1/22/2028     USD    52.919
PREOS Global Office     7.500  12/09/2024    EUR     1.602
Ekosem-Agrar AG         2.500  12/07/2027    EUR     8.324
Prologis Internatio     0.750  3/23/2033     EUR    75.420
European TopSoho Sa     4.000  9/21/2021     EUR    53.087
National Grid Elect     2.000  9/16/2038     GBP    65.686
Latvia Government I     1.875  2/19/2049     EUR    71.001
Cie de Financement      0.600 10/25/2041     EUR    64.670
GTLK Europe Capital     4.349  2/27/2029     USD    22.793
RTE Reseau de Trans     1.125  09/09/2049    EUR    62.478
AstraZeneca PLC         3.000  5/28/2051     USD    72.490
GTLK Europe Capital     4.949  2/18/2026     USD    19.134
Eastern Power Netwo     1.875  06/01/2035    GBP    73.552
Thermo Fisher Scien     1.625 10/18/2041     EUR    73.516
Rallye SA               5.250  2/28/2032     EUR     0.067
Russian Foreign Bon     1.125 11/20/2027     EUR    39.224
Vonovia Finance BV      1.000  1/28/2041     EUR    58.118
Alno AG                 8.500  5/14/2018     EUR    15.897
Allergan Funding SC     4.750  3/15/2045     USD    73.312
Engie SA                1.250 10/24/2041     EUR    64.956
Bulgaria Government     0.100  8/17/2031     BGN    72.622
Metinvest BV            7.650  10/01/2027    USD    64.001
Moby SpA                7.750  2/15/2023     EUR    60.298
Jyske Realkredit A/     1.000  10/01/2050    DKK    72.756
UBS Group AG            3.179  02/11/2043    USD    72.892
Paradigm Homes Char     2.250  5/20/2051     GBP    58.074
YA Holding AB          12.789 12/17/2024     SEK    14.989
UNEDIC ASSEO            0.250  7/16/2035     EUR    74.308
Shell International     2.875 11/26/2041     USD    74.729
Nykredit Realkredit     1.000  10/01/2053    DKK    62.071
Chancellor Masters      0.250  6/27/2068     GBP    57.349
esure Group PLC         6.000                GBP    69.354
AstraZeneca PLC         2.125  08/06/2050    USD    61.491
Unigel Luxembourg S     8.750  10/01/2026    USD    33.250
BNG Bank NV             0.805  6/28/2049     EUR    57.509
Genfit SA               3.500 10/16/2025     EUR    26.130
Intesa Sanpaolo SpA     4.700  9/23/2049     USD    74.850
Novo Banco SA/Luxem     3.500  2/19/2043     EUR    72.231
DSV Finance BV          0.875  9/17/2036     EUR    72.977
Vedanta Resources F     9.250  4/23/2026     USD    68.011
OGX Austria GmbH        8.500  06/01/2018    USD     0.011
Nestle Finance Inte     0.875  6/14/2041     EUR    69.918
Prosus NV               3.832  02/08/2051    USD    62.071
Cadent Finance PLC      3.125  3/21/2040     GBP    72.984
Finland Government      0.500  4/15/2043     EUR    63.839
TotalEnergies Capit     3.386  6/29/2060     USD    72.638
Air Berlin PLC          8.250  4/19/2018     EUR     0.391
Gol Finance SA          7.000  1/31/2025     USD    27.766
Phosagro OAO Via Ph     2.600  9/16/2028     USD    66.567
National Grid Elect     2.000  4/17/2040     GBP    63.176
Prosus NV               4.027  08/03/2050    USD    63.997
State of Lower Saxo     0.050  03/09/2035    EUR    73.714
Atos SE                 1.125  4/17/2026     EUR    55.437
Russian Federal Bon     7.700  3/16/2039     RUB    70.769
Marginalen Bank Ban    13.068                SEK    46.120
Engie SA                1.000 10/26/2036     EUR    72.753
Bourbon Corp SA        11.652                EUR     0.836
State of North Rhin     0.500  1/15/2052     EUR    51.003
Lehman Brothers UK      5.750                EUR     7.000
Region de Bruxelles     1.500  6/22/2070     EUR    52.361
Saderea DAC            12.500 11/30/2026     USD    42.611
BPCE SFH SA             0.010  1/29/2036     EUR    69.039
Deutsche Bahn Finan     0.625  4/15/2036     EUR    73.609
Kreditanstalt fuer      0.875  07/04/2039    EUR    74.786
NAK Naftogaz Ukrain     7.625  11/08/2028    USD    47.754
Paragon Treasury Pl     2.000  05/07/2036    GBP    69.978
Euroflorist 2.0 AB      9.589  02/02/2026    SEK    59.411
CM.com NV               2.000  09/09/2026    EUR    63.449
Ilija Batljan Inves    10.797                SEK     4.000
Altice France Holdi    10.500  5/15/2027     USD    61.069
Vodafone Group PLC      3.000  08/12/2056    GBP    60.226
Bakkegruppen AS        11.730  02/03/2025    NOK    49.720
Kenbourne Invest SA     6.875 11/26/2024     USD    69.237
Nykredit Realkredit     2.000  10/01/2053    DKK    74.098
Novolipetsk Steel V     1.450  06/02/2026    EUR    69.719
Societa di Progetto     3.375 12/31/2038     EUR    74.656
Nykredit Realkredit     1.500  10/01/2053    DKK    67.081
Societe Du Grand Pa     0.700 10/15/2060     EUR    40.731
Royalty Pharma PLC      3.550  09/02/2050    USD    69.497
Hacienda Investment     5.350  02/08/2028    USD    57.614
Credit Bank of Mosc     7.500  10/05/2027    USD    21.844
Tinkoff Bank JSC Vi     6.000                USD    48.905
Market Parent Finco     6.750  10/01/2029    GBP    70.204
Nationale-Nederland     0.050  11/12/2040    EUR    60.905
Evraz PLC               5.250  04/02/2024    USD    68.793
Espirito Santo Fina     6.875 10/21/2019     EUR     0.160
Syngenta Finance NV     4.375  3/28/2042     USD    72.091
Martlet Homes Ltd       3.000  05/09/2052    GBP    68.338
Realkredit Danmark      1.000  10/01/2053    DKK    62.059
Altice France Holdi     6.000  2/15/2028     USD    45.675
EYEMAXX Real Estate     5.500  4/26/2023     EUR     1.329
Alfa Bank AO Via Al     5.900                USD     9.709
Kuntarahoitus Oyj       0.050  09/10/2035    EUR    72.303
Credit Bank of Mosc     8.875                USD    25.375
Finland Government      0.125  4/15/2036     EUR    71.806
Linde PLC               1.000  9/30/2051     EUR    58.086
Andorra Internation     1.700 10/13/2041     EUR    67.877
Polyus Finance PLC      3.250 10/14/2028     USD    57.662
Debenhams PLC           5.250  7/15/2021     GBP     0.529
Novo Banco SA/Luxem     3.500  01/02/2043    EUR    72.861
Caisse des Depots e     0.398 12/15/2050     EUR    45.055
Channel Link Enterp     3.848  6/30/2050     GBP    68.771
Nederlandse Watersc     0.500  4/26/2051     EUR    51.758
Aster Treasury Plc      1.405  1/27/2036     GBP    69.496
Turkiye Government      9.100  2/16/2028     TRY    56.000
Lukoil Capital DAC      3.600 10/26/2031     USD    72.200
UNEDIC ASSEO            0.500  5/25/2036     EUR    73.990
Metalloinvest Finan     3.375 10/22/2028     USD    54.474
GTLK Europe Capital     4.800  2/26/2028     USD    22.591
New World Resources     4.000  10/07/2020    EUR     0.750
Raiffeisenlandesban     1.650  8/23/2046     EUR    74.381
UkrLandFarming PLC     10.875  3/26/2018     USD     3.399
Penarian Housing Fi     3.212  06/07/2052    GBP    71.363
Lehman Brothers UK      5.125                EUR    20.412
Wales & West Utilit     1.875  5/28/2041     GBP    60.914
Credit Bank of Mosc     4.700  1/29/2025     USD    35.349
Bromford Housing Gr     3.125  05/03/2048    GBP    71.769
Realkredit Danmark      1.000  10/01/2053    DKK    71.310
Russian Agricultura     8.500 10/16/2023     USD    26.043
LiveWest Treasury P     2.250  10/10/2043    GBP    65.612
Bilt Paper BV          10.360                USD     1.942
Hungary Government      2.250  6/22/2034     HUF    74.257
Medtronic Global Ho     1.750  07/02/2049    EUR    68.418
Proximus SADP           0.750 11/17/2036     EUR    70.562
Havila Shipping ASA     9.210  01/02/2025    NOK    47.371
Societe Du Grand Pa     1.000  2/18/2070     EUR    42.334
State of North Rhin     0.200  1/27/2051     EUR    46.534
Russian Federal Bon     7.250  05/10/2034    RUB    73.167
Croatia Government      1.250  03/03/2040    EUR    69.437
Magnolia Bostad AB     11.876  5/19/2026     SEK    66.983
Euroboden GmbH          5.500 11/18/2025     EUR     2.851
GRENKE AG               5.375                EUR    70.290
Places For People T     2.500  1/26/2036     GBP    73.403
Lukoil Securities B     3.875  05/06/2030    USD    73.165
Yorkshire Water Fin     1.750 10/27/2032     GBP    73.549
European Financial      0.700  1/17/2053     EUR    53.902
BUPA Finance PLC        4.000                GBP    67.431
Investor AB             1.500  6/20/2039     EUR    74.480
Norddeutsche Landes    12.062                EUR    67.671
Air Berlin PLC          5.625  05/09/2019    CHF     0.325
European Financial      1.200  2/17/2045     EUR    71.191
Havila Shipping ASA     8.460  01/02/2025    NOK    42.496
Pershing Square Hol     3.000  7/15/2032     USD    73.064
Parnassia Groep BV      1.200  12/01/2051    EUR    71.045
GTLK Europe DAC         5.125  5/31/2024     USD    35.114
Herefordshire Capit     4.193 11/28/2049     GBP    74.536
Kuntarahoitus Oyj       1.197  04/06/2051    EUR    70.742
Tritax Big Box REIT     1.500 11/27/2033     GBP    70.880
Travelex Financing      8.000  5/15/2022     EUR     0.142
State of North Rhin     1.750 10/26/2057     EUR    70.589
Russian Federal Bon     6.100  7/18/2035     RUB    64.513
La Poste SA             0.625  1/18/2036     EUR    72.522
Russian Foreign Bon     5.875  9/16/2043     USD    63.105
Chelyabinsk Pipe Pl     4.500  9/19/2024     USD    64.000
Nykredit Realkredit     0.500  10/01/2050    DKK    72.613
Sovcombank Via SovC     8.000  04/07/2030    USD     7.807
Basque Government       1.375 10/31/2070     EUR    43.934
ESFIL-Espirito Sant     5.250  06/12/2015    EUR     0.160
Medtronic Global Ho     1.375 10/15/2040     EUR    71.930
Yorkshire Water Fin     2.750  4/18/2041     GBP    66.572
Region Wallonne Bel     1.050  6/22/2040     EUR    69.151
Finland Government      0.250  9/15/2040     EUR    64.760
WPP Finance 2013        2.875  9/14/2046     GBP    62.412
Cardea Europe AG        7.250  12/08/2023    EUR     1.900
Santander Consumer     10.757                EUR    92.858
Vnesheconombank Via     6.025  07/05/2022    USD     6.426
KTG Agrar SE            7.125  06/06/2017    EUR     0.507
BPCE SA                 3.582 10/19/2042     USD    70.544
Privatbank CJSC Via    10.250  1/23/2018     USD     0.604
Island Offshore Shi     9.970  6/30/2027     NOK    47.021
Realkredit Danmark      0.500  10/01/2050    DKK    72.608
VK IPJSC                1.625  10/01/2025    USD    47.754
Lithuania Governmen     1.625  6/19/2049     EUR    64.996
Chancellor Masters      2.350  6/27/2078     GBP    58.745
Charm Finance PLC       3.509  04/12/2048    GBP    69.943
Grand City Properti     2.000 10/25/2032     EUR    67.613
Virgolino de Olivei    11.750  02/09/2022    USD     0.393
Karlou BV               7.750  6/18/2024     USD    11.503
Southern Housing        2.375  10/08/2036    GBP    72.768
Cyprus Government I     2.250  4/16/2050     EUR    75.842
Barclays Bank PLC       4.321 12/28/2040     EUR    69.750
Mallinckrodt Intern    10.000  4/15/2025     USD     7.810
BNP Paribas SA          2.824  1/26/2041     USD    68.764
Yuksel Insaat AS        9.500  11/10/2015    USD     0.142
BAWAG PSK Bank fuer     0.010 11/19/2035     EUR    68.721
BPCE SA                 0.500 10/21/2034     EUR    72.624
B2W Digital Lux Sar     4.375 12/20/2030     USD    19.775
Intesa Sanpaolo SpA     1.400  02/08/2031    GBP    72.195
Borets Finance DAC      6.000  9/17/2026     USD    49.296
Ville de Paris          1.200  6/25/2039     EUR    73.850
Caisse de Refinance     0.250  02/07/2035    EUR    73.477
Saleza AS               9.000  07/12/2021    EUR     0.203
JSM Global Sarl         4.750 10/20/2030     USD    20.375
Lendlease Europe Fi     3.500  12/02/2033    GBP    71.947
Guinness Partnershi     2.000  4/22/2055     GBP    50.580
nextbike GmbH           6.000  3/31/2025     EUR    45.000
Orpea SA                2.130  07/03/2024    EUR    19.601
Aroundtown SA           4.750  3/27/2032     USD    75.615
Nederlandse Watersc     0.125  09/03/2035    EUR    72.307
Russian Foreign Bon     5.100  3/28/2035     USD    43.000
Blend Funding PLC       2.922  04/05/2054    GBP    64.424
A2A SpA                 1.000  11/02/2033    EUR    75.371
Vonovia Finance BV      1.625  10/07/2039    EUR    67.462
Prosus NV               4.987  1/19/2052     USD    74.075
Dexia SA/France         5.732                EUR     2.253
Manchester Airport      2.875  9/30/2044     GBP    67.681
Lithuania Governmen     0.300  02/12/2032    EUR    74.819
Novo Banco SA/Luxem     3.500  3/18/2043     EUR    71.955
Lithuania Governmen     0.750  7/15/2051     EUR    51.265
Cooperatieve Raboba     0.500 10/29/2027     MXN    69.169
BP Capital Markets      0.933  12/04/2040    EUR    64.011
Espirito Santo Fina     9.750 12/19/2025     EUR     0.020
National Gas Transm     1.625  1/14/2043     GBP    54.545
ABN AMRO Bank NV        0.400  9/17/2041     EUR    61.559
Espirito Santo Fina     3.125  12/02/2018    EUR     0.142
Motability Operatio     2.375  07/03/2039    GBP    71.328
Sibur Securities DA     2.950  07/08/2025    USD    65.476
Alitalia-Societa Ae     5.250  7/30/2020     EUR     0.050
State of Bremen         0.450  2/24/2051     EUR    51.002
Nederlandse Watersc     0.375  9/28/2046     EUR    55.501
Liquid Telecommunic     5.500  09/04/2026    USD    58.475
Sovcombank Via SovC     7.750                USD     1.127
Malta Government Bo     1.800  8/28/2051     EUR    62.830
Codere Finance 2 Lu    11.000  9/30/2026     EUR    50.028
Russian Foreign Bon     4.250  6/23/2027     USD    62.192
Nordea Kredit Realk     1.000  10/01/2053    DKK    71.340
National Gas Transm     1.125  1/14/2033     GBP    70.991
Barclays Bank PLC      12.000  9/24/2025     TRY    69.286
Trinseo Materials O     5.125  04/01/2029    USD    39.036
European Financial      1.750  7/17/2053     EUR    73.014
Thames Water Utilit     2.375  4/22/2040     GBP    59.146
PIK Securities DAC      5.625 11/19/2026     USD    47.284
National Grid PLC       0.750  09/01/2033    EUR    75.137
Republic of Ireland     1.425  9/18/2119     EUR    55.142
Medtronic Global Ho     1.500  07/02/2039    EUR    74.790
Jyske Realkredit A/     1.000  10/01/2056    DKK    67.232
Gecina SA               0.875  6/30/2036     EUR    72.559
Vnesheconombank Via     6.800 11/22/2025     USD     6.593
Pershing Square Hol     3.000  7/15/2032     USD    72.232
CK Hutchison Group      2.625 10/17/2034     GBP    71.543
EYEMAXX Real Estate     5.500  7/22/2025     EUR    18.098
Lehman Brothers UK      6.900                USD     3.986
Ministeries Van de      1.000  1/23/2051     EUR    57.240
Societe Du Grand Pa     0.875  05/10/2046    EUR    58.917
Credit Bank of Mosc     7.625                USD    25.340
Hacienda Investment     5.075  2/15/2023     USD    23.835
Volkswagen Internat     1.500  1/21/2041     EUR    68.934
ABN AMRO Bank NV        0.375  1/14/2035     EUR    75.245
JAB Holdings BV         3.750  5/28/2051     USD    67.066
NRW Bank                0.500  6/17/2041     EUR    64.712
HYPO NOE Landesbank     1.605  8/23/2046     EUR    74.361
Home Credit & Finan     8.800                USD     5.344
AOC I Die Stadtentw     7.500  04/08/2027    EUR    57.201
BAWAG PSK Bank fuer     0.375  3/25/2041     EUR    62.084
Severn Trent Utilit     2.000  06/02/2040    GBP    64.009
ABN AMRO Bank NV        1.115  03/03/2042    EUR    70.570
Sovereign Housing C     2.375  11/04/2048    GBP    60.429
Equinor ASA             3.250 11/18/2049     USD    73.982
Northern Powergrid      1.875  6/16/2062     GBP    48.345
State of North Rhin     1.550  6/16/2048     EUR    73.256
Sovcombank Via SovC     3.400  1/26/2025     USD     3.086
Realkredit Danmark      0.500  10/01/2053    DKK    65.256
Development Bank of     6.750  05/02/2024    USD    41.013
EDOB Abwicklungs AG     7.500  04/01/2012    EUR     0.483
VEON Holdings BV        3.375 11/25/2027     USD    73.868
Muenchener Hypothek     1.000  4/18/2039     EUR    74.777
SCF Capital Designa     3.850  4/26/2028     USD    65.643
European Financial      1.375  5/31/2047     EUR    71.918
GTLK Europe Capital     4.650  03/10/2027    USD    22.703
Herens Midco Sarl       5.250  5/15/2029     EUR    66.583
Cooperatieve Raboba     0.500  7/30/2043     MXN    17.087
Banca Popolare di V     9.500  9/29/2025     EUR     0.380
Thomas Cook Finance     3.875  7/15/2023     EUR     0.628
Accent Capital PLC      2.625  7/18/2049     GBP    64.783
Becton Dickinson Eu     1.336  8/13/2041     EUR    67.304
Societe Du Grand Pa     1.000 11/26/2051     EUR    54.187
ESB Finance DAC         1.875  7/21/2035     GBP    73.416
Banca Popolare di V     2.821 12/20/2017     EUR     0.396
East Slope Residenc     0.100  2/28/2062     GBP    61.778
Northern Powergrid      3.250  04/01/2052    GBP    71.180
Nykredit Realkredit     0.500  10/01/2053    DKK    65.317
TMK OAO Via TMK Cap     4.300  02/12/2027    USD    65.047
DWR Cymru Financing     2.375  3/31/2034     GBP    73.386
Beyond Housing Ltd      2.125  5/17/2051     GBP    56.594
Bromford Housing Gr     2.554  3/17/2054     GBP    59.331
SCF Capital Designa     5.375  6/16/2023     USD    72.449
Intesa Sanpaolo SpA     2.625  03/11/2036    GBP    70.697
UK Municipal Bonds      1.625  8/26/2060     GBP    41.063
City of Lausanne Sw     0.050  9/28/2054     CHF    62.412
Banco Espirito Sant     6.582                EUR     0.076
Agence Francaise de     0.500  5/31/2035     EUR    75.383
Solocal Group          10.925  3/15/2025     EUR    19.212
Cooperatieve Raboba     0.750  6/21/2039     EUR    70.831
UniCredit Bank GmbH     0.010  1/21/2036     EUR    69.845
Sovcombank Via SovC     7.600                USD     4.043
Nykredit Realkredit     0.500  10/01/2050    DKK    67.427
Investor AB             0.375 10/29/2035     EUR    70.910
Bulgaria Government     1.500  6/21/2039     BGN    55.481
Alfa Bank AO Via Al     5.500 10/26/2031     USD     0.916
Luzerner Kantonalba     0.160 12/23/2043     CHF    74.837
BNG Bank NV             0.250 11/22/2036     EUR    70.824
New World Resources     8.000  04/07/2020    EUR     0.105
WD Invest Sarl          1.900  10/02/2024    EUR    12.730
Nordea Kredit Realk     0.500  10/01/2050    DKK    72.647
Communaute Francais     2.300  4/25/2089     EUR    72.674
Mondelez Internatio     1.250  09/09/2041    EUR    69.204
Lehman Brothers UK      3.875                EUR    19.051
Italgas SpA             0.500  2/16/2033     EUR    74.930
Abengoa Abenewco 2      1.500 10/26/2024     USD     1.559
Shell International     0.875  11/08/2039    EUR    67.096
Zurich Finance Irel     2.250  12/08/2031    USD    74.117
Petrobras Global Fi     4.500  02/04/2033    EUR    63.487
Abengoa Abenewco 2      1.500  4/26/2024     USD     1.139
Credit Bank of Mosc     5.550  2/14/2023     USD    23.514
Engie SA                1.375  6/21/2039     EUR    70.608
European Financial      0.050  1/18/2052     EUR    43.038
German Pellets GmbH     7.250 11/27/2019     EUR     1.342
Societe Du Grand Pa     1.625  04/08/2042    EUR    74.952
BNG Bank NV             0.125  07/09/2035    EUR    73.029
Gecci Investment KG     5.750  08/01/2025    EUR    19.559
Republic of Belarus     6.875  2/28/2023     USD    37.741
Erste Group Bank AG     0.500  01/12/2037    EUR    71.414
Nykredit Realkredit     0.500  10/01/2053    DKK    70.539
Flagship Finance PL     1.875  7/14/2061     GBP    49.151
Thames Water Utilit     1.760  8/28/2062     GBP    58.608
Agrokor dd              9.875  05/01/2019    EUR    15.000
Prologis Internatio     3.000  2/22/2042     GBP    72.464
Norske Skogindustri     7.000 12/30/2026     EUR     0.010
Stichting Afwikkeli     6.222                EUR    30.000
Rallye SA               4.000  2/28/2032     CHF     0.098
Land Berlin             0.625  1/26/2052     EUR    53.637
Samhallsbyggnadsbol     6.849  1/30/2027     SEK    65.691
Ukraine Government      4.660  1/30/2025     USD    54.120
Cirio Holding Luxem     6.250  2/16/2004     EUR     2.276
Manchester Airport      2.875  3/31/2039     GBP    74.432
Hyde Housing Associ     1.750  8/18/2055     GBP    47.752
Veneto Banca SpA        9.878  12/01/2025    EUR     0.549
Hylea Group SA          7.250  12/01/2022    EUR     0.065
Anchor Hanover Grou     2.000  7/21/2051     GBP    54.730
RTE Reseau de Trans     1.125  07/08/2040    EUR    70.530
Sanctuary Capital P     2.375  4/14/2050     GBP    59.658
Russian Federal Bon     7.000  7/30/2036     RUB    68.498
State of North Rhin     0.375  09/02/2050    EUR    50.123
Ukraine Government      6.876  5/21/2031     USD    22.189
Ville de Paris          0.450 10/20/2045     EUR    54.775
O1 Properties Finan     0.500  9/27/2028     USD     5.291
Incommunities Treas     3.250  3/21/2049     GBP    73.879
ABN AMRO Bank NV        0.625  1/24/2037     EUR    73.255
Land Securities Cap     2.750  9/22/2059     GBP    60.700
Clarion Funding PLC     1.250 11/13/2032     GBP    73.754
State of Saxony-Anh     0.500  3/24/2051     EUR    52.532
Deutsche Lichtmiete     5.250  09/01/2025    EUR     0.500
SAG Solarstrom AG       6.250 12/14/2015     EUR    31.000
Nederlandse Gasunie     0.750 10/13/2036     EUR    72.367
Credit Bank of Mosc     7.121  6/25/2024     USD    23.358
Salerno Pompei Napo     2.800  1/19/2045     EUR    71.976
DH Europe Finance I     1.800  9/18/2049     EUR    70.235
Metropolitan Housin     1.875  7/28/2036     GBP    69.599
Ukraine Government      7.253  3/15/2035     USD    25.800
Cirio Finance Luxem     7.500  11/03/2002    EUR     1.494
Dexia SA                5.752                EUR     2.750
Jigsaw Funding PLC      3.375  05/05/2052    GBP    74.849
Ukraine Government     18.310  6/18/2025     UAH    73.096
Russian Foreign Bon     5.250  6/23/2047     USD    35.051
Virgolino de Olivei    10.500  1/28/2018     USD     0.166
University of Leeds     3.125 12/19/2050     GBP    74.368
Orpea SA                2.200 12/15/2024     EUR    19.620
Celtic Resources Ho     4.125  10/09/2024    USD    12.633
State of Bremen         0.550  02/04/2050    EUR    53.501
OGX Austria GmbH        8.375  04/01/2022    USD     0.011
Free State of Bavar     0.010  3/28/2036     EUR    69.977
Clarion Funding PLC     1.875  09/07/2051    GBP    49.803
Ramfort GmbH            6.750  3/15/2026     EUR    25.341
Commune de Marseill     0.498 12/17/2040     EUR    62.834
Region de Bruxelles     0.765  7/15/2052     EUR    47.819
Rena GmbH               7.000 12/15/2015     EUR     0.054
SNCF Reseau             0.750  5/25/2036     EUR    74.699
State of Rhineland-     0.375  03/10/2051    EUR    50.014
British Telecommuni     3.924  6/25/2042     GBP    74.293
Orange SA               1.375  09/04/2049    EUR    69.927
Ministeries Van de      0.875  3/21/2046     EUR    60.328
Russian Federal Bon     5.900  03/12/2031    RUB    72.130
Canary Wharf Group      3.375  4/23/2028     GBP    69.089
Action Logement Ser     0.750  7/19/2041     EUR    64.196
Ukraine Government     19.750  7/22/2026     UAH    69.358
Kleopatra Holdings      6.500  09/01/2026    EUR    59.500
Notting Hill Genesi     3.250  10/12/2048    GBP    70.392
Communaute Francais     0.625  06/11/2035    EUR    74.857
Muenchener Hypothek     0.010 10/19/2039     EUR    61.727
Deutsche Bahn Finan     0.875  6/23/2039     EUR    70.728
Kommunekredit           0.125  9/26/2040     EUR    62.538
Transports Publics      0.450 12/29/2056     CHF    66.497
Orbit Capital PLC       2.000 11/24/2038     GBP    66.727
Societe Du Grand Pa     1.700  5/25/2050     EUR    68.301
Euronext NV             1.500  5/17/2041     EUR    73.068
Kreditanstalt fuer      0.375  5/20/2036     EUR    74.610
Republic of Belarus     5.875  2/24/2026     USD    37.286
Norske Skogindustri     2.000 12/30/2115     EUR     0.367
Mallinckrodt Intern    10.000  6/15/2029     USD     7.943
Hellas Telecommunic     6.054  1/15/2015     USD     0.446
Onward Homes Ltd        2.125  3/25/2053     GBP    53.253
Heimstaden Bostad A     2.800  05/04/2035    EUR    67.271
Clarion Funding PLC     1.875  1/22/2035     GBP    72.725
Deutsche Wohnen SE      1.300  04/07/2041    EUR    63.732
Cardiff University      3.000  12/07/2055    GBP    69.869
Ukraine Government     17.800 10/15/2025     UAH    70.267
Yandex NV               0.750  9/13/2022     USD    69.375
Kommunekredit           0.500  6/19/2039     DKK    67.459
Nordea Kredit Realk     1.000  10/01/2053    DKK    62.079
United Utilities Wa     1.750  02/10/2038    GBP    66.358
Hungary Government      3.125  9/21/2051     USD    63.450
Cie de Financement      0.975  08/11/2046    EUR    64.195
European Financial      0.700  1/20/2050     EUR    57.476
Erste Group Bank AG     1.065  5/17/2041     EUR    59.898
Motability Operatio     1.500  1/20/2041     GBP    59.642
Norddeutsche Landes     1.200  1/13/2037     EUR    69.558
South Eastern Power     1.750  9/30/2034     GBP    73.733
Steilmann SE            7.000  9/23/2018     EUR     1.429
Deutsche Bahn Finan     3.350  1/20/2042     AUD    72.621
Virgolino de Olivei    10.500  1/28/2018     USD     0.166
UniCredit Bank Aust     0.050  9/21/2035     EUR    69.808
NRW Bank                0.100  07/09/2035    EUR    72.727
Fastighets AB Balde     1.293  03/03/2031    EUR    70.027
PJSC Koks via IMH C     5.900  9/23/2025     USD     9.644
Caisse Francaise de     0.375  2/13/2040     EUR    64.880
Kommunekredit           0.375  02/03/2045    DKK    57.050
Russian Foreign Bon     5.625  04/04/2042    USD    66.954
Ministeries Van de      0.125 10/15/2035     EUR    70.601
LiveWest Treasury P     1.875  2/18/2056     GBP    49.501
Nestle Finance Inte     0.375  12/03/2040    EUR    64.687
blueplanet Investme     5.500  2/26/2026     EUR     0.205
Stonewater Funding      1.625  09/10/2036    GBP    68.808
National Grid Elect     1.657  7/28/2056     GBP    74.126
Assura Financing PL     1.625  6/30/2033     GBP    73.110
Southern Housing        3.500 10/19/2047     GBP    71.642
Free and Hanseatic      0.200  09/03/2049    EUR    48.902
LEG Immobilien SE       1.625 11/28/2034     EUR    75.133
Interpipe Holdings      8.375  5/13/2026     USD    72.996
British Telecommuni     3.625 11/21/2047     GBP    74.856
NRW Bank                1.250  5/13/2049     EUR    65.975
Northern Powergrid      2.250  10/09/2059    GBP    53.580
Hazine Mustesarligi    13.200  12/03/2025    TRY    68.925
Mallinckrodt Intern    10.000  4/15/2025     USD     7.810
Solarworld AG           9.691  2/24/2019     EUR    14.875
State of Saarland       0.500  3/15/2051     EUR    52.247
Jyske Realkredit A/     0.500  10/01/2050    DKK    72.649
Ukraine Government      7.750  08/01/2041    USD    47.649
Optivo Finance PLC      3.283  3/22/2048     GBP    69.815
Nederlandse Watersc     0.190  11/02/2050    EUR    44.688
Caisse Francaise de     0.500  10/01/2046    EUR    57.100
Nostrum Oil & Gas F     7.000  2/16/2025     USD    24.498
State of Schleswig-     0.200  8/15/2039     EUR    65.404
State of North Rhin     0.800  7/30/2049     EUR    59.028
Agence Francaise de     0.375  5/25/2036     EUR    71.017
de Volksbank NV         0.375  9/16/2041     EUR    61.442
City of Lugano Swit     0.150 11/28/2070     CHF    52.647
National Grid Elect     0.872 11/26/2040     EUR    65.156
Canton of Neuchatel     0.350  7/14/2050     CHF    74.175
Phones4u Finance PL     9.500  04/01/2018    GBP    50.000
Platform HG Financi     1.926  9/15/2041     GBP    65.122
ING-DiBa AG             1.000  5/23/2039     EUR    74.095
Bayerische Landesba     1.550  2/13/2040     EUR    47.447
Credit Agricole Ita     0.750  1/20/2042     EUR    61.914
Catalyst Housing Lt     3.125 10/31/2047     GBP    69.274
City of Lausanne Sw     0.230  11/01/2060    CHF    63.074
Unibail-Rodamco-Wes     1.750  07/01/2049    EUR    63.036
Nykredit Realkredit     1.000  10/01/2056    DKK    67.375
Deutsche Lichtmiete     5.250  02/01/2027    EUR     0.520
State Agency of Roa     6.250  6/24/2030     USD    24.575
Region de Bruxelles     0.562 12/23/2065     EUR    31.367
Ukraine Government      7.750  09/01/2026    USD    28.563
Jyske Realkredit A/     2.000  10/01/2053    DKK    73.921
LEG Immobilien SE       0.875  3/30/2033     EUR    74.635
Deutsche Bahn Finan     1.375  4/16/2040     EUR    75.270
Russian Foreign Bon     5.875  9/16/2043     USD    63.105
Land Berlin             0.125 11/24/2045     EUR    53.034
AnaCap Financial Eu     8.968  08/01/2024    EUR    64.911
Banco Espirito Sant     7.125 11/28/2023     EUR     0.063
Ministeries Van de      1.500  04/11/2044    EUR    71.968
Barclays Bank PLC       0.500  1/28/2033     MXN    41.424
DWR Cymru Financing     1.375  3/31/2033     GBP    74.486
NRW Bank                1.250  3/21/2044     EUR    71.416
SES SA                  5.300  04/04/2043    USD    72.989
DLR Kredit A/S          1.000  10/01/2050    DKK    72.257
Paragon Treasury Pl     3.625  1/21/2047     GBP    73.834
Samhallsbyggnadsbol     3.000  04/03/2040    EUR    47.424
Region Wallonne Bel     0.500  6/22/2037     EUR    69.157
United Utilities Wa     0.010  7/27/2040     GBP    69.575
Abengoa Abenewco 2      1.500 10/26/2024     USD     0.009
DH Europe Finance I     1.350  9/18/2039     EUR    73.869
Nordea Kredit Realk     0.500  10/01/2050    DKK    67.587
Landwirtschaftliche     0.010 11/26/2040     EUR    60.530
Joh Friedrich Behre     6.250  6/18/2024     EUR     7.675
Peabody Capital No      3.250  9/14/2048     GBP    70.622
LIB-Landesimmobilie     0.620  7/15/2041     EUR    65.009
Clarion Funding PLC     3.125  4/19/2048     GBP    69.336
Transcapitalbank JS    10.000                USD     1.076
Saltaire Finance PL     2.711  05/09/2052    GBP    68.021
Kommunekredit           0.625 11/21/2039     EUR    70.879
Prosus NV               1.985  7/13/2033     EUR    72.888
Cyprus Government I     1.250  1/21/2040     EUR    71.283
State of Mecklenbur     0.239 11/17/2070     EUR    27.142
Lloyds Bank PLC         0.500  7/26/2028     MXN    64.927
Ukraine Government      6.750  6/20/2028     EUR    25.814
Nostrum Oil & Gas F     8.000  7/25/2022     USD    25.551
Kelag-Kaerntner Ele     1.150  4/16/2041     EUR    67.628
Societe Generale SA    11.320  02/01/2024    USD    68.000
Social Chain AG /Th     5.750  04/07/2024    EUR     1.000
Petrobras Global Fi     4.750  04/02/2038    EUR    48.744
Eurovita SpA            6.000 12/22/2025     EUR    44.011
Free State of Bavar     0.010  1/18/2035     EUR    74.259
London & Quadrant H     3.125  2/28/2053     GBP    66.851
Motability Operatio     2.125  1/18/2042     GBP    64.539
Affinity Water Fina     3.278  8/22/2042     GBP    68.846
Region Wallonne Bel     0.650  1/16/2051     EUR    48.999
Hexagon Housing Ass     3.625  4/22/2048     GBP    71.897
Realkredit Danmark      2.000  10/01/2053    DKK    74.190
Ukraine Government      9.750  11/01/2030    USD    30.864
Ukraine Government      8.994  02/01/2026    USD    31.909
Nordea Kredit Realk     0.500  10/01/2053    DKK    70.625
Severn Trent Utilit     0.010 12/16/2055     GBP    41.166
Realkredit Danmark      0.500  10/01/2050    DKK    67.476
University of South     2.250  04/11/2057    GBP    56.776
Cirio Finanziaria S     8.000 12/21/2005     EUR     0.478
La Veggia Finance S     7.125 11/14/2004     EUR     0.628
Cooperatieve Raboba     0.500 10/30/2043     MXN    14.915
Gecci Investment KG     6.000  10/01/2027    EUR     9.384
Aroundtown SA           3.250  11/12/2032    EUR    73.322
Banco Espirito Sant     6.875  7/15/2016     EUR    19.875
Corporate Commercia     8.250  08/08/2014    USD     0.308
Autonomous Region o     1.095  9/27/2036     EUR    72.956
Orpea SA                2.000  08/09/2029    EUR    19.593
State of North Rhin     0.500 11/25/2039     EUR    68.327
SES SA                  5.300  04/04/2043    USD    72.989
InterCement Financi     5.750  7/17/2024     USD    71.912
NPC Ukrenergo           6.875  11/09/2028    USD    27.320
Nordea Kredit Realk     0.500  10/01/2053    DKK    65.167
City of Zurich Swit     0.250 11/24/2051     CHF    73.867
Irish Bank Resoluti     0.566  6/21/2016     EUR     0.157
Norske Skog Holding     8.000  2/24/2021     EUR     0.006
Landeskreditbank Ba     0.610 11/17/2050     EUR    57.601
Republic of Belarus     7.625  6/29/2027     USD    36.542
Abengoa Abenewco 1      6.000  6/30/2022     EUR     0.454
Aragvi Finance Inte     8.450  4/29/2026     USD    68.067
State of Rhineland-     1.500  4/25/2052     EUR    69.829
Banco Santander SA      6.369                EUR     2.481
National Grid Elect     1.151  2/20/2040     EUR    61.592
Region de Bruxelles     1.220  6/23/2053     EUR    57.315
Hellas Telecommunic     8.500 10/15/2013     EUR     0.578
SNCF Reseau             2.000  02/05/2048    EUR    73.206
Caisse Francaise de     0.625  1/20/2042     EUR    65.050
HSE Finance Sarl        5.625 10/15/2026     EUR    56.250
Landesbank Hessen-T     4.375  3/30/2042     USD    63.101
Kreditanstalt fuer      1.000 10/19/2050     EUR    63.493
MET Hungary Solar P     3.800  12/02/2031    HUF    74.900
Aktia Bank Oyj          0.800  2/26/2036     EUR    70.293
Banque Cantonale de     0.100  11/01/2044    CHF    73.068
Raiffeisenlandesban     0.375  1/15/2035     EUR    74.227
Bank Nadra Via NDR      8.250  7/31/2018     USD     0.208
Jyske Realkredit A/     1.000  10/01/2053    DKK    71.320
Norwegian Air Shutt     7.500  11/10/2023    USD    73.375
Cie de Financement      0.010 10/29/2035     EUR    69.665
Metinvest BV            8.500  4/23/2026     USD    68.380
Autobahnen- und Sch     0.100  7/16/2035     EUR    72.906
Argenta Spaarbank N     0.500  10/08/2041    EUR    62.814
Junta de Castilla y     1.275  04/07/2049    EUR    57.932
Jyske Realkredit A/     0.500  10/01/2050    DKK    67.342
Finmek Internationa     7.000  12/03/2004    EUR     2.193
Norwegian Air Shutt     7.137  02/07/2023    SEK    70.282
Nostrum Oil & Gas F     5.000  6/30/2026     USD    69.265
Basque Government       1.000 10/31/2050     EUR    51.550
Master & Fellows of     3.068  4/28/2065     GBP    58.586
La Banque Postale H     0.250  02/12/2035    EUR    73.687
Ahtium PLC              4.000 12/16/2015     EUR     0.586
Del Monte Finance L     6.625  5/24/2006     EUR     1.000
MBH Mortgage Bank C     3.000  1/28/2036     HUF    65.290
Tennor Finance BV       5.750  6/17/2024     EUR    29.000
Republic of Ireland     0.995  2/24/2121     EUR    40.738
Land Berlin             0.350  09/09/2050    EUR    50.039
Ile-de-France Mobil     1.275  2/14/2042     EUR    70.862
Ukraine Government     18.870  2/24/2027     UAH    65.882
Solon SE                1.375  12/06/2012    EUR     0.745
Aegon Bank NV           0.375  06/09/2036    EUR    72.005
Landesbank Baden-Wu     0.590  12/07/2035    EUR    65.828
Pro-Gest SpA            3.250 12/15/2024     EUR    55.462
Malta Government Bo     2.000  07/10/2051    EUR    66.070
Privatbank CJSC Via    10.875  2/28/2018     USD     8.769
VTB Bank OJSC Via V     6.250  6/30/2035     USD    23.383
Tinkoff Bank JSC Vi     6.000                USD    48.905
SCC Power PLC           6.000 12/31/2028     USD    53.189
Privatbank CJSC Via    11.000  02/09/2021    USD     1.000
LSF9 Balta Issuer S     3.000 12/31/2030     EUR    66.884
Purple Protected As     1.600  09/08/2056    EUR    49.586
OGX Austria GmbH        8.500  06/01/2018    USD     0.011
Cie Generale des Et     0.625  11/02/2040    EUR    66.471
Thames Water Utilit     2.442  05/12/2050    GBP    45.901
A-TEC Industries AG     8.750 10/27/2014     EUR     0.100
Yorkshire Water Ser     1.758  02/01/2054    GBP    73.698
Cirio Del Monte NV      7.750  3/14/2005     EUR     1.605
Espirito Santo Fina     5.050 11/15/2025     EUR     0.092
Realkredit Danmark      1.500  10/01/2053    DKK    67.089
Voyage Care BondCo      5.875  2/15/2027     GBP    73.812
Raiffeisen Landesba     0.375 11/13/2034     EUR    75.330
Assistance Publique     0.634  8/27/2045     EUR    52.923
Ukraine Government     19.190  9/30/2026     UAH    67.682
BNP Paribas SA          1.590  2/23/2051     EUR    65.359
Kommunekredit           0.010  05/04/2034    EUR    75.168
Luzerner Kantonalba     0.150  9/29/2071     CHF    53.892
Metinvest BV            7.650  10/01/2027    USD    64.292
Ukraine Government      7.750  09/01/2027    USD    29.306
Orbit Capital PLC       3.375  6/14/2048     GBP    72.714
Housing & Care 21       3.288  11/08/2049    GBP    71.193
Celtic Resources Ho     4.125  10/09/2024    USD    12.633
Vier Gas Transport      0.500  09/10/2034    EUR    72.422
Sidetur Finance BV     10.000  4/20/2016     USD     0.384
Metinvest BV            7.750 10/17/2029     USD    61.500
Sibur Securities DA     3.450  9/23/2024     USD    73.694
Republic of Belarus     6.378  2/24/2031     USD    33.931
de Volksbank NV         0.125 11/19/2040     EUR    59.556
Ukraine Government     19.750  2/18/2026     UAH    71.209
Stelius Befektetoe      3.100  9/17/2030     HUF    67.000
Republic of Ireland     0.835  07/08/2080    EUR    45.385
Sairgroup Finance B     4.375  06/08/2006    EUR     0.250
Russian Foreign Bon     7.500  3/31/2030     USD    65.089
Sairgroup Finance B     6.625  10/06/2010    EUR     0.250
Evan Group PLC          6.000  7/31/2022     EUR     2.151
State of Hesse          0.227  8/20/2049     EUR    53.400
Ukraine Government      4.375  1/27/2032     EUR    22.653
Caisse Francaise de     1.110  9/21/2046     EUR    66.482
Kuntarahoitus Oyj       0.940  06/09/2064    EUR    62.907
Citizen Treasury PL     3.250 10/20/2048     GBP    71.014
EYEMAXX Real Estate     5.500  9/24/2024     EUR     1.449
Severn Trent Utilit     1.399  02/09/2057    GBP    68.559
Ministeries Van de      0.875  06/03/2045    EUR    57.158
Banco Santander SA      1.000  10/01/2033    EUR    74.733
Region de Bruxelles     1.100  6/22/2066     EUR    44.403
Free and Hanseatic      0.400 11/23/2051     EUR    49.420
Romanian Government     2.875  4/13/2042     EUR    65.534
Intesa Sanpaolo SpA     4.375  01/12/2048    USD    71.325
Altice France Holdi     8.000  5/15/2027     EUR    55.958
Scottish Hydro Elec     1.429 10/20/2056     GBP    68.542
BPCE SFH SA             0.375  3/18/2041     EUR    62.684
Jyske Realkredit A/     1.000  10/01/2053    DKK    62.008
Malta Government Bo     1.500 10/22/2045     EUR    62.820
Wrekin Housing Grou     2.500 10/22/2048     GBP    61.552
Luzerner Kantonalba     0.150  10/07/2044    CHF    73.505
Alpine Holding GmbH     6.000  5/22/2017     EUR     0.372
Kingdom of Belgium      0.459  7/23/2079     EUR    31.295
KPNQwest NV            10.000  3/15/2012     EUR     0.806
State of Rhineland-     0.375  04/01/2041    EUR    64.653
Ukraine Government      7.750  09/01/2029    USD    28.664
Landesbank Hessen-T     0.500  1/19/2037     EUR    72.566
Romanian Government     2.750  4/14/2041     EUR    65.447
Raiffeisen Landesba     0.250  03/04/2036    EUR    70.643
Platform HG Financi     1.625  08/10/2055    GBP    46.774
Ukraine Government      9.790  5/26/2027     UAH    62.888
Region de Bruxelles     1.144  1/14/2056     EUR    49.622
DLR Kredit A/S          1.000  10/01/2053    DKK    71.060
Ukraine Government     12.520  5/13/2026     UAH    71.134
UBS AG/London          10.150  1/31/2024     USD    10.050
Jyske Realkredit A/     1.500  10/01/2053    DKK    66.976
NRW Bank                1.150  9/16/2051     EUR    61.704
Investitionsbank Be     0.050  03/02/2035    EUR    73.768
MMK International C     4.375  6/13/2024     USD    28.265
State of Brandenbur     0.500 11/21/2039     EUR    68.471
Stichting Afwikkeli     6.250 10/26/2020     EUR    43.625
Banco Espirito Sant     6.762                EUR     0.860
MFB Magyar Fejleszt     2.900 10/22/2031     HUF    75.062
Credit Agricole Ita     1.000  1/17/2045     EUR    61.163
WM Morrison Superma     2.500  10/01/2031    GBP    40.016
Compact Bidco BV        5.750  05/01/2026    EUR    44.850
Land Thueringen         0.100  07/09/2035    EUR    73.391
Nationale-Nederland     0.375  03/04/2041    EUR    62.823
Banque Federative d     0.376 10/15/2031     EUR    74.596
Cooperatieve Raboba     0.500  1/31/2033     MXN    41.900
State of North Rhin     1.000 10/16/2046     EUR    65.826
Rallye SA               3.400  2/28/2032     EUR     0.062
UniCredit Bank GmbH     2.250 10/14/2039     EUR    74.636
Assistance Publique     0.791  8/27/2051     EUR    48.003
Saltaire Finance PL     1.527 11/23/2051     GBP    50.640
AXA Home Loan SFH S     0.125  6/25/2035     EUR    71.754
Rena GmbH               8.250  07/11/2018    EUR     0.054
Endo Luxembourg Fin     6.125  04/01/2029    USD    62.000
London & Quadrant H     2.000 10/20/2038     GBP    66.171
Agatos SpA              4.750 12/31/2026     EUR    29.800
DLR Kredit A/S          0.500  10/01/2050    DKK    73.406
Romanian Government     3.375  1/28/2050     EUR    66.488
Romanian Government     2.000  4/14/2033     EUR    73.881
Kernel Holding SA       6.750 10/27/2027     USD    64.455
Hamburg Commercial      2.597  02/01/2036    EUR    70.490
Nationwide Building     0.500  05/05/2041    EUR    64.287
Sberbank of Russia      5.125 10/29/2022     USD    32.833
Aroundtown SA           2.970  9/26/2033     EUR    71.778
Serbia Treasury Bon     2.250  2/26/2041     EUR    66.426
Nationale-Nederland     0.050  9/24/2035     EUR    70.464
Samhallsbyggnadsbol     6.400  8/27/2025     NOK    71.892
Kommunekredit           2.200  9/27/2041     AUD    63.546
Deutsche Bahn Finan     3.100  5/20/2041     AUD    70.531
State of Lower Saxo     0.250  4/15/2036     EUR    73.042
Heta Asset Resoluti     4.540 12/29/2023     EUR     1.344
City of Lausanne Sw     0.540  11/06/2062    CHF    70.822
Russian Foreign Bon     4.750  5/27/2026     USD    60.691
Eurogrid GmbH           0.875 11/20/2040     EUR    64.197
Russian Federal Bon     7.100  5/15/2041     RUB    65.090
Ukraine Government      7.375  9/25/2034     USD    25.792
Virgolino de Olivei    10.875  1/13/2020     USD    36.000
Ceske Drahy AS          3.000  06/04/2035    EUR    75.167
Elli Investments Lt    12.250  6/15/2020     GBP    52.250
Severstal OAO Via S     3.150  9/16/2024     USD     5.601
SNCF Reseau             0.350  7/25/2047     EUR    71.544
Alno AG                 8.000  3/21/2019     EUR    15.850
National Grid Elect     1.541  12/01/2056    GBP    71.786
Deutsche Lichtmiete     5.750  12/01/2023    EUR     1.493
European Primary Pl     1.732  11/09/2055    GBP    48.389
Iberdrola Finanzas      1.000  02/02/2037    EUR    73.011
Barclays Bank PLC       2.000  10/08/2042    EUR    71.001
Libra Longhurst Gro     3.250  5/15/2043     GBP    72.951
Achmea Bank NV          0.250  9/29/2036     EUR    70.116
Nordea Kredit Realk     2.000  10/01/2053    DKK    74.045
National Grid Elect     1.541  12/01/2053    GBP    72.036
CBo Territoria          7.000  6/30/2028     EUR     4.300
Ukraine Government      7.750  09/01/2025    USD    30.792
Metropolitano de Te     1.229  7/30/2036     EUR    73.732
Caisse Francaise de     0.010 10/19/2035     EUR    69.497
Richter Gedeon Nyrt     1.750  06/04/2031    HUF    72.500
Region Wallonne Bel     1.250  6/22/2071     EUR    50.923
Bazalgette Finance      0.074  5/16/2049     GBP    64.512
KTG Agrar SE            7.250 10/15/2019     EUR     0.510
Chrome Holdco SAS       5.000  5/31/2029     EUR    70.592
State of North Rhin     0.600  06/04/2041    EUR    66.624
Alpine Holding GmbH     5.250  06/10/2016    EUR     0.372
Ukraine Government     19.700  08/06/2025    UAH    73.526
Steilmann SE            7.000  03/09/2017    EUR     1.429
State of Lower Aust     0.815  9/22/2056     EUR    49.121
Erotik-Abwicklungsg     7.750  07/09/2019    EUR     0.779
Raiffeisen-Landesba     0.500  5/27/2041     EUR    63.062
Notting Hill Genesi     2.000  06/03/2036    GBP    70.728
Deutsche Bahn Finan     1.850 11/23/2043     EUR    72.120
UBS AG/London           9.740  1/17/2024     USD     3.630
Abengoa Abenewco 2      1.500  4/26/2024     USD     1.139
Bayerische Landesba     0.820 11/29/2033     EUR    72.415
Hypo Vorarlberg Ban     1.520  07/08/2050    EUR    52.516
State of North Rhin     0.750  8/16/2041     EUR    68.107
Societe Generale SA     2.000  2/26/2033     USD    73.987
Societe Generale SA    12.000  7/14/2026     USD    61.200
Russian Federal Bon     6.900  02/06/2036    RUB    70.862
CCEP Finance Irelan     1.500  05/06/2041    EUR    72.511
GN Store Nord AS        1.970  03/03/2036    EUR    72.052
Pfandbriefzentrale      0.050  10/06/2043    CHF    74.194
Affinity Water Fina     0.230 11/22/2042     GBP    63.587
Bazalgette Finance      0.688  6/27/2050     GBP    60.494
German Pellets GmbH     7.250  07/09/2018    EUR     1.342
Heimstaden Bostad A     2.800  05/04/2035    EUR    52.436
Bayerische Landesba     2.250 10/17/2033     EUR    70.674
Orpea SA                3.144 12/22/2025     EUR    22.652
Landesbank Baden-Wu     1.080  7/16/2035     EUR    70.718
Havenbedrijf Rotter     1.100  3/23/2051     EUR    62.254
Assistance Publique     0.490  9/30/2040     EUR    62.967
Regie Autonome des      0.875  8/18/2080     EUR    38.328
Uliving@essex3 LLP      2.720  8/31/2066     GBP    52.497
Citigroup Global Ma     1.200 12/23/2036     EUR    70.273
Elli Finance UK PLC     8.750  6/15/2019     GBP    44.819
CPI Hungary Investm     2.250  08/07/2030    HUF    59.000
Ukraine Government     19.750  11/05/2025    UAH    72.285
Cooperatieve Raboba     0.010 11/27/2040     EUR    58.936
Agence Francaise de     2.302 10/25/2044     USD    64.719
Severn Trent Utilit     1.602  9/29/2056     GBP    74.146
MVM Energetika Zrt      3.250  09/03/2031    HUF    70.000
Caisse Francaise de     0.125  2/15/2036     EUR    69.825
Metalloinvest Finan     3.375 10/22/2028     USD    54.474
Autonomous Communit     1.255 10/31/2048     EUR    57.108
Nederlandse Watersc     0.448  10/08/2040    EUR    64.648
Vasakronan AB           2.162  05/04/2040    SEK    73.874
Agence Francaise de     1.656  04/04/2054    EUR    67.463
EVN AG                  0.850 10/15/2035     EUR    73.435
Banco Santander SA      0.010  10/01/2032    EUR    73.944
Sibur Securities DA     2.950  07/08/2025    USD    65.476
JAB Holdings BV         3.750  5/28/2051     USD    66.686
Land Baden-Wuerttem     0.375  7/20/2048     EUR    52.304
SiC Processing GmbH     7.125  03/01/2016    EUR     0.643
Nordea Kredit Realk     1.500  10/01/2053    DKK    67.052
Romanian Government     2.625  12/02/2040    EUR    65.857
Swissgrid AG            0.050  6/30/2050     CHF    62.489
Ukraine Government      9.790  5/26/2027     UAH    62.888
Muenchener Hypothek     0.250 10/31/2044     CHF    75.524
Die Schweizerische      0.180 12/14/2061     CHF    57.364
BNG Bank NV            10.010  6/17/2025     TRY    65.839
Kreditanstalt fuer      0.650  2/24/2041     EUR    69.100
Altice France Holdi     4.000  2/15/2028     EUR    43.792
Tele Columbus AG        3.875  05/02/2025    EUR    63.596
Russian Foreign Bon     4.375  3/21/2029     USD    49.826
Hemso Fastighets AB     1.130 10/31/2039     EUR    63.922
Nederlandse Watersc     1.625  1/29/2048     EUR    74.446
Orpea SA                2.750  06/03/2033    EUR    29.541
Windreich GmbH          6.500  7/15/2016     EUR     4.622
Ahtium PLC              9.750  04/04/2017    EUR     0.726
Commune de Marseill     0.509 12/17/2041     EUR    61.142
Ukraine Government     12.520  5/13/2026     UAH    71.134
Sovcombank Via SovC     7.600                USD     4.043
JAB Holdings BV         2.000 12/19/2039     EUR    75.237
Ville de Paris          0.750 11/30/2041     EUR    64.655
Ukraine Government     18.150  7/23/2025     UAH    72.237
MHP Lux SA              6.250  9/19/2029     USD    66.113
National Grid Elect     1.541  12/01/2053    GBP    73.441
Nestle Hungaria Kft     1.750  5/31/2028     HUF    74.500
VST Building Techno     7.000  6/28/2024     EUR     0.101
National Grid Elect     2.920  9/30/2044     AUD    60.032
Nederlandse Watersc     0.877  6/24/2054     EUR    53.372
DZ Bank AG Deutsche     1.000  2/13/2042     EUR    69.910
Sovcombank Via SovC     7.750                USD     1.127
LFA Foerderbank Bay     0.050  9/29/2034     EUR    74.697
Kreditanstalt fuer      0.955  04/06/2040    EUR    74.363
Assistance Publique     1.125  4/16/2047     EUR    61.495
Bayerische Landesbo     0.250  3/21/2036     EUR    72.938
Muenchener Hypothek     0.125  09/05/2035    EUR    72.200
Borets Finance DAC      6.000  9/17/2026     USD    49.296
Kommunekredit           0.869  11/12/2043    SEK    64.740
DLR Kredit A/S          0.500  10/01/2053    DKK    64.763
Ukraine Government      7.750  09/01/2024    USD    31.008
State of Rhineland-     0.375  7/20/2048     EUR    50.887
Credit Agricole Cor     1.550  09/08/2031    AUD    74.344
Deutsche Bank AG        1.725  1/16/2045     EUR    46.326
Agence Francaise de     2.114  09/08/2034    AUD    73.300
Muenchener Hypothek     0.250  05/02/2036    EUR    71.868
Deutsche Pfandbrief     4.120  11/03/2031    EUR    49.975
Land Baden-Wuerttem     0.125 11/19/2040     EUR    62.243
Landesbank Hessen-T     0.600  2/18/2036     EUR    66.378
Flamingo Lux II SCA     5.000  3/31/2029     EUR    73.585
State of Bremen         0.150  9/14/2040     EUR    62.140
Orpea SA                2.564 11/30/2027     EUR    19.579
Region de Bruxelles     0.274  12/11/2040    EUR    59.863
Grand City Properti     2.500  6/27/2039     EUR    73.854
London & Quadrant H     2.750  7/20/2057     GBP    59.283
Sovcombank Via SovC     8.000  04/07/2030    USD     7.807
Credit Agricole SA      3.610  4/20/2036     AUD    68.081
Pentracor GmbH          8.500  5/29/2025     EUR     0.011
Caisse des Depots e     0.916  1/20/2051     EUR    52.857
Kuntarahoitus Oyj       1.300  04/08/2061    EUR    68.369
J&T Banka AS            9.000                EUR    70.757
Orpea SA                3.000 11/25/2041     EUR    19.597
National Grid Elect     1.541  12/01/2056    GBP    70.765
Realkredit Danmark      0.500  10/01/2053    DKK    70.522
Anglian Water Servi     1.760 11/13/2035     GBP    67.662
City of Bern Switze     0.040  10/02/2070    CHF    56.958
Samhallsbyggnadsbol     5.205 12/18/2025     SEK    69.917
Ukraine Government     19.180  11/04/2026    UAH    67.402
Region Occitanie        0.728 11/16/2037     EUR    69.656
Department of L'Eur     1.110  6/18/2039     EUR    73.021
Banco Santander SA      2.280  2/28/2039     EUR    72.919
Centrosolar Group A     7.000  2/15/2016     EUR     2.505
CDC Habitat SEM         0.853  2/15/2041     EUR    64.612
ACCIONA Financiacio     1.900  6/28/2034     EUR    74.539
Bayerische Landesba     1.820  03/12/2031    EUR    73.696
Pongs & Zahn AG         8.500  11/01/2014    EUR     0.250
Societe Nationale S     1.280  3/27/2120     EUR    36.691
British Telecommuni     1.774  6/25/2042     GBP    74.668
Aareal Bank AG          1.741  01/12/2045    EUR    55.195
Department of L'Eur     0.643  8/31/2041     EUR    58.975
DLR Kredit A/S          0.500  10/01/2053    DKK    70.553
ALROSA Finance SA       4.650  04/09/2024    USD     9.607
Alpine Holding GmbH     5.250  07/01/2015    EUR     0.372
Credit Agricole Cor     2.280  1/19/2036     USD    71.862
Republic of Ireland     0.740 11/27/2120     EUR    31.939
SNCF Reseau             1.425  8/14/2119     EUR    39.838
Deutsche Bank AG        0.510  9/16/2031     EUR    75.077
Kreditanstalt fuer      0.613  06/10/2040    EUR    66.784
Windreich GmbH          6.500  03/01/2015    EUR     4.622
Land Thueringen         0.125  1/13/2051     EUR    45.497
Hazine Mustesarligi    16.800  9/16/2026     TRY    72.000
Thames Water Utilit     2.620  3/22/2033     GBP    69.884
Bayerische Landesba     3.500  7/28/2036     EUR    69.361
Muenchener Hypothek     0.886  3/26/2043     EUR    67.269
HSE Finance Sarl        9.742 10/15/2026     EUR    60.632
Region of Ile de Fr     0.610  07/02/2040    EUR    65.028
Futureal Developmen     4.000  3/23/2031     HUF    69.000
Societa di Progetto     3.375 12/31/2038     EUR    74.656
PIK Securities DAC      5.625 11/19/2026     USD    47.284
Windreich GmbH          6.250  03/01/2015    EUR     4.622
Kommunekredit           0.500  7/30/2027     TRY    33.889
AK BARS Bank Via AK     8.000  7/13/2022     USD    31.000
Republic of Ireland     0.810  07/10/2079    EUR    45.090
German Pellets GmbH     7.250  04/01/2016    EUR     1.342
Credit Agricole Cor     2.100  2/24/2034     USD    74.492
Dr Wiesent Sozial g     7.000                EUR     0.002
DNB Boligkreditt AS     0.980  6/20/2044     EUR    66.910
GB Social Housing P     3.814  04/09/2047    GBP    74.113
Collectivite Europe     0.487  10/09/2045    EUR    53.918
Bayerische Landesba     3.450  7/15/2036     EUR    70.023
J&T Banka AS            7.000                EUR    64.137
BNP Paribas Issuanc     1.300  4/22/2026     EUR     4.730
NRW Bank                1.000  6/24/2051     EUR    59.082
Polyus Finance PLC      3.250 10/14/2028     USD    57.662
Offshore Drilling H     8.375  9/20/2020     USD     0.740
Ukraine Government      7.750  09/01/2028    USD    29.227
Bazalgette Finance      0.174  5/16/2049     GBP    60.943
Ghelamco Invest         4.250  1/21/2027     EUR    69.494
Serbia Internationa     2.050  9/23/2036     EUR    67.648
Romanian Government     4.000  2/14/2051     USD    70.693
State of North Rhin     1.491  8/23/2066     EUR    61.400
Depfa Funding II LP     6.500                EUR    67.500
Bulgaria Steel Fina    12.000  05/04/2013    EUR     0.216
Hamon & CIE SA          3.300  1/31/2035     EUR    43.408
Region Hauts-de-Fra     0.402  2/18/2043     EUR    57.179
Kreditanstalt fuer      0.890  03/10/2041    EUR    71.910
Phosphorus Holdco P    10.000  04/01/2019    GBP     0.375
Republic of Ireland     1.560  2/16/2122     EUR    59.720
Caisse des Depots e     0.810  09/06/2049    EUR    52.006
Yarlington Treasury     3.410  9/18/2057     GBP    65.292
Region Centre           0.711  11/02/2036    EUR    71.255
Raiffeisenbank AS       8.891                EUR    71.740
Agence Francaise de     0.537  7/16/2040     EUR    67.330
Ile-de-France Mobil     0.950  5/28/2041     EUR    67.807
Deutsche Pfandbrief     0.640  09/10/2030    EUR    74.144
DZ HYP AG               0.300  8/21/2035     EUR    71.986
Societe Nationale S     2.457 12/23/2050     USD    59.028
LR Realkredit AS        1.000  10/01/2050    DKK    71.196
Societe Generale SA     1.137  1/26/2037     EUR    72.144
United Utilities Wa     0.387  10/05/2057    GBP    47.721
Credit Mutuel Arkea     1.165  9/23/2039     EUR    67.724
Deutsche Telekom AG     3.500  4/15/2041     AUD    71.384
State of Bremen         0.500  05/06/2041    EUR    65.328
Thames Water Utilit     1.771  8/28/2057     GBP    61.493
AXA Bank Europe SCF     0.250  06/09/2040    EUR    62.882
Cooperatieve Raboba     0.500 11/30/2027     MXN    69.458
SAG Solarstrom AG       7.500  07/10/2017    EUR    31.000
Midland Heart Capit     1.831  08/12/2050    GBP    52.145
Land Berlin             0.100  1/18/2041     EUR    61.074
Cordia Internationa     3.000  7/27/2030     HUF    67.000
Joh Friedrich Behre     7.750  11/11/2020    EUR     7.010
Deutsche Bank AG        2.330  02/11/2043    EUR    66.674
Banco Santander SA      1.000  1/14/2034     EUR    74.120
Region Wallonne Bel     1.865  05/10/2051    EUR    67.828
Hypo Vorarlberg Ban     0.920  07/08/2036    EUR    63.116
Landesbank Saar         0.760  05/08/2034    EUR    74.247
Land Berlin             0.125  06/04/2035    EUR    73.900
Credit Agricole SA      3.750  06/09/2040    AUD    67.685
UBS AG/London          16.350  1/31/2024     USD     9.950
ArmSwissBank CJSC       6.500  5/24/2025     USD     0.000
Kreditanstalt fuer      1.208  6/17/2051     EUR    67.820
Hamburgische Invest     0.372  2/22/2041     EUR    66.491
Gazprom PJSC via Ga     4.599                USD    51.397
Turkiye Government     12.600  10/01/2025    TRY    70.300
State Savings Bank     12.700  1/19/2024     USD    34.250
Cie de Financement      0.900  7/18/2058     EUR    52.840
Deutsche Telekom AG     3.500  09/06/2039    AUD    73.403
Intesa Sanpaolo SpA     4.700  9/23/2049     USD    72.798
BNP Paribas SA          1.300  1/28/2037     EUR    72.453
Severn Trent Utilit     1.589  02/01/2067    GBP    72.603
National Grid Elect     2.226 12/19/2039     GBP    64.958
Jyske Realkredit A/     0.500  10/01/2053    DKK    70.500
Societe Generale SA    20.000 11/28/2025     USD    13.500
DZ Bank AG Deutsche     1.055  03/11/2031    EUR    72.531
CBo Territoria          3.750  07/01/2024    EUR     4.750
Land Berlin             0.050  08/06/2040    EUR    61.220
Norwegian Air Shutt     7.500  11/10/2023    USD    73.375
State of Saarland       0.050  11/05/2040    EUR    61.312
Comunidad Foral de      1.450  05/08/2040    EUR    70.707
Free and Hanseatic      0.010  11/05/2035    EUR    71.925
EnBW International      2.080  1/21/2041     EUR    68.564
Vajda-Papir Gyarto      3.500  5/17/2031     HUF    74.900
Credit Suisse AG/Lo     1.660  02/02/2035    EUR    71.884
Kreditanstalt fuer      0.980  02/09/2042    EUR    72.426
Mondelez Internatio     1.250  09/09/2041    EUR    69.070
Housing & Care 21       3.288  11/08/2049    GBP    69.322
Blend Funding PLC       3.508  05/04/2057    GBP    70.785
Windreich GmbH          6.750  03/01/2015    EUR     4.622
Caisse des Depots e     1.015  7/22/2050     EUR    55.760
Autonomous Communit     1.655 10/31/2050     EUR    61.862
Depfa Funding III L     3.062                EUR    54.528
Kreditanstalt fuer      1.267  3/22/2051     EUR    68.969
Region Wallonne Bel     1.150  09/02/2120    EUR    35.466
Kreditanstalt fuer      1.100  9/16/2051     EUR    64.635
Ville de Paris          0.650 11/25/2070     EUR    36.123
Citigroup Global Ma     1.180 12/23/2036     EUR    69.935
BASF SE                 1.025  8/13/2048     JPY    66.749
Region de Bruxelles     1.065  6/22/2047     EUR    58.948
Erste Group Bank AG     1.200  02/11/2040    EUR    63.221
LBI ehf                 7.431                USD     0.001
Bpifrance SACA          1.046  5/25/2050     EUR    55.197
Ile-de-France Mobil     0.200 11/16/2035     EUR    71.094
Hamburgische Invest     0.380  2/24/2042     EUR    65.065
National Grid Elect     1.690  9/16/2041     GBP    56.239
Deutsche Lichtmiete     5.750  01/01/2023    EUR     6.510
Wirtschafts- und In     0.500  8/28/2046     EUR    55.838
Credit Suisse AG/Lo     1.000  9/24/2035     EUR    72.518
Rio Forte Investmen     4.000  7/22/2014     EUR     2.744
Dtek Renewables Fin     8.500  11/12/2024    EUR    57.649
Bayerische Landesba     3.180  2/16/2038     EUR    63.902
Assistance Publique     2.000  5/25/2053     EUR    70.656
Deutsche Pfandbrief     1.340 10/16/2051     EUR    64.664
Orpea SA                2.300  03/06/2025    EUR    19.615
Societe Nationale S     1.400  5/18/2120     EUR    35.555
O1 Properties Finan     0.500  9/27/2028     USD     5.291
MBH Mortgage Bank C     3.000 10/22/2031     HUF    74.080
Autonomous Communit     1.950  5/24/2041     EUR    75.341
Vasakronan AB           1.655  09/05/2039    SEK    69.148
Gazprom PJSC via Ga     1.850 11/17/2028     EUR    52.910
NORD/LB Luxembourg      0.542  9/30/2037     EUR    68.788
Nostrum Oil & Gas F     8.000  7/25/2022     USD    25.551
Kuntarahoitus Oyj       1.200  7/21/2061     EUR    65.961
Deutsche Bank AG/Lo     0.500 10/18/2038     MXN    21.528
Autonomous Communit     1.850  5/13/2061     EUR    56.040
Yorkshire Water Ser     1.460  08/01/2056    GBP    68.626
Severn Trent Utilit     1.523  08/01/2058    GBP    71.527
Veneto Banca SpA        6.411                EUR     0.345
Region Wallonne Bel     1.246  05/12/2070    EUR    48.187
Rhaetische Bahn AG      0.050  08/03/2050    CHF    70.554
Kingdom of Belgium      0.675  07/07/2080    EUR    36.656
Air Berlin Finance      6.000  03/06/2019    EUR     0.278
Societe Generale SA    20.000  1/29/2026     USD    34.000
Uliving@Essex Issue     0.100  8/31/2058     GBP    64.916
Air Berlin Finance      8.500  03/06/2019    EUR     0.278
Berlin Hyp AG           1.057  2/21/2059     EUR    56.204
Region Auvergne-Rho     0.892 10/21/2041     EUR    64.083
Bayerische Landesbo     0.030 10/22/2035     EUR    70.738
DekaBank Deutsche G     1.100 11/25/2030     EUR    74.579
State of Rhineland-     0.600 10/24/2046     EUR    59.202
Grenke Finance PLC      0.819  2/15/2030     EUR    71.908
BPCE SFH SA             1.229  04/12/2049    EUR    64.176
DZ Bank AG Deutsche     1.070  10/06/2042    EUR    69.824
Vasakronan AB           0.950  3/22/2039     JPY    73.638
Ukraine Government     11.790  4/22/2026     UAH    59.189
Yorkshire Water Ser     1.758  02/01/2054    GBP    73.715
Thames Water Utilit     1.846  8/28/2047     GBP    68.834
Yorkshire Water Ser     1.462  08/01/2051    GBP    70.174
Vnesheconombank Via     6.025  07/05/2022    USD     6.426
Landesbank Hessen-T     1.300  4/30/2035     EUR    74.750
Communaute Francais     1.581  1/23/2120     EUR    48.366
NRW Bank                0.106  8/17/2050     EUR    44.315
Astana Finance BV       9.000 11/16/2011     USD    15.250
Belano Medical AG       8.250 12/14/2025     EUR     0.020
Societe Generale SA     7.000  6/21/2024     USD    63.100
UBS Group AG            2.370  2/25/2036     USD    71.795
MOL Hungarian Oil &     1.100  9/22/2030     HUF    58.500
Cooperatieve Raboba     0.500  8/21/2028     MXN    64.149
Russian Foreign Bon     2.875  12/04/2025    EUR    62.207
Societe Generale SA     0.831 11/25/2031     EUR    72.597
Turkiye Ihracat Kre    12.540  9/14/2028     TRY    53.000
Region Wallonne Bel     1.000  9/16/2059     EUR    46.354
BNP Paribas SA          0.500  9/29/2029     AUD    72.941
BNP Paribas SA          1.000  11/05/2036    EUR    69.635
Region de Bruxelles     1.053 11/14/2059     EUR    45.457
Credit Bank of Mosc     7.500  10/05/2027    USD    21.844
DNB Bank ASA            1.185  1/14/2038     EUR    72.582
Severn Trent Utilit     1.566  02/01/2058    GBP    71.591
Portugal Telecom In     5.242  11/06/2017    EUR     0.694
Banco Espirito Sant     6.900  6/28/2024     EUR    19.849
Agrokor dd              8.875  02/01/2020    USD    15.000
BNG Bank NV             0.630  07/11/2067    EUR    41.436
Credit Suisse AG/Lo     9.000  4/22/2024     USD    37.210
Gazprom PJSC via Ga     2.950  1/27/2029     USD    62.702
Credit Agricole Cor     1.300  02/02/2061    EUR    46.403
Malta Government Bo     1.400  8/20/2046     EUR    60.480
Assistance Publique     0.683  3/19/2041     EUR    64.491
Assistance Publique     0.800  3/23/2046     EUR    57.939
Free and Hanseatic      0.300  9/16/2050     EUR    49.313
DZ HYP AG               1.226  8/25/2036     EUR    69.407
Nederlandse Watersc     0.750  10/04/2041    EUR    66.961
Kreditanstalt fuer      0.816 12/19/2050     EUR    56.711
Free State of Saxon     0.010 12/17/2035     EUR    71.755
Societe Generale SA    11.000  7/14/2026     USD    20.230
Caisse des Depots e     1.815  08/08/2048    EUR    70.683
State of Bremen         1.000  5/27/2039     EUR    75.144
Republic of Belarus     6.200  2/28/2030     USD    33.210
Kreditanstalt fuer      1.000  4/27/2041     EUR    73.169
Muenchener Hypothek     1.300  05/07/2061    EUR    58.413
Kommunekredit           1.375  5/18/2046     SEK    70.156
Autonomous Communit     1.550  05/11/2051    EUR    58.726
Free State of Saxon     0.400  05/12/2036    EUR    74.610
Raiffeisen Bank zrt    11.597                EUR    67.350
Centre Hospitalier      1.580  02/11/2061    EUR    73.328
Citigroup Global Ma    25.530  2/18/2025     EUR    12.260
Anselma Issuer SA       2.174 12/31/2038     EUR    28.080
DEPFA PLC               3.796  1/26/2034     EUR     0.010
BOA Offshore AS         0.409  7/17/2047     NOK     4.741
Region de Bruxelles     1.400  03/11/2054    EUR    55.554
Purple Protected As     1.565 12/23/2060     EUR    59.806
Santander Internati     1.192  12/07/2045    EUR    62.733
Malta Government Bo     2.400  8/13/2052     EUR    73.621
Deutsche Pfandbrief     0.906  03/04/2050    EUR    59.955
La Financiere Atali     5.125  5/15/2025     EUR    72.958
Ukraine Government     12.520  5/13/2026     UAH    71.134
HSBC Bank PLC           0.500  6/23/2027     MXN    70.933
Credit Bank of Mosc     8.875                USD    25.375
Region de Bruxelles     0.808  1/31/2050     EUR    49.244
State of Hesse          0.450  9/23/2044     EUR    57.342
Raiffeisen-Landesba     1.140  4/26/2051     EUR    58.832
UniCredit Bank GmbH     1.120  5/14/2057     EUR    55.969
getgoods.de AG          7.750  10/02/2017    EUR     0.527
Gazprom PJSC Via Ga     4.950  02/06/2028    USD    73.005
Norske Skogindustri     7.125 10/15/2033     USD     0.010
Landesbank Baden-Wu     0.760  3/31/2036     EUR    66.688
Citigroup Global Ma     1.230  8/20/2039     EUR    67.211
State of Brandenbur     0.050  08/10/2040    EUR    61.388
Peine GmbH              2.000  07/05/2023    EUR    44.500
Natixis SA              0.300  6/25/2048     USD    35.004
Gazprom PJSC via Ga     3.250  2/25/2030     USD    57.555
Commerzbank AG          1.219  12/12/2039    EUR    67.460
Commerzbank AG          1.430  1/23/2040     EUR    73.705
Deutsche Bank AG        0.687  10/11/2049    EUR    41.883
Region de Bruxelles     1.040  05/03/2061    EUR    43.398
Republic of Ireland     1.230  5/29/2120     EUR    48.461
Portugal Telecom In     6.250  7/26/2016     EUR     0.285
Virgolino de Olivei    11.750  02/09/2022    USD     0.393
Credit Agricole SA      4.400  2/24/2042     AUD    63.571
Santander Internati     1.365  1/28/2061     EUR    53.628
Credit Agricole SA      3.000  1/28/2041     AUD    52.203
BNP Paribas SA          1.050  3/29/2036     EUR    72.520
SNCF Reseau             2.777  7/29/2115     EUR    74.945
BNG Bank NV             2.000  09/05/2058    EUR    72.815
Novolipetsk Steel V     4.000  9/21/2024     USD    73.590
Centre Hospitalier      0.490  12/01/2036    EUR    71.641
TBI Bank EAD            5.250  7/30/2031     EUR    52.538
Veneto Banca SpA        6.950  2/25/2025     EUR     0.555
Communaute Francais     0.626  8/24/2040     EUR    63.318
ECM Real Estate Inv     5.000  10/09/2011    EUR    15.375
Blend Funding PLC       2.467  6/16/2061     GBP    51.326
Autonomous Communit     0.810 10/31/2040     EUR    62.984
Pescanova SA            5.125  4/20/2017     EUR     1.065
Grand Delta Habitat     1.500  09/01/2047    EUR    57.089
Landesbank Hessen-T     0.500 12/23/2036     EUR    67.050
Bank Vontobel AG       29.500  1/22/2024     CHF    17.600
Meta Wolf AG            6.750  03/10/2005    DEM     0.120
Cooperatieve Raboba     1.099  6/28/2051     EUR    62.121
Caisse des Depots e     0.642  02/12/2041    EUR    62.184
Serbia Internationa     1.650  03/03/2033    EUR    72.282
Finance and Credit      9.250  1/25/2019     USD     0.172
Lukoil Securities B     3.875  05/06/2030    USD    73.165
Hemso Fastighets AB     2.418 11/30/2038     EUR    73.626
Renovables Atlasol      2.200 12/31/2038     EUR    71.242
Region de Bruxelles     0.592  12/10/2061    EUR    35.579
VTB Bank PJSC           5.000                USD    51.500
Assa Abloy AB           0.650  8/28/2034     EUR    74.326
Deutsche Bank AG/Lo    14.900  5/30/2028     TRY    58.333
BNP Paribas SA          1.125  11/05/2034    EUR    75.026
State of Lower Aust     0.460  10/08/2049    EUR    49.857
Bayerische Landesba     1.820  05/12/2031    EUR    73.322
Thames Water Utilit     1.819  8/28/2049     GBP    67.156
Cooperatieve Raboba     0.500 12/29/2027     MXN    68.068
Codere Finance 2 Lu    12.750 11/30/2027     EUR     2.000
Region de Bruxelles     0.444  3/19/2057     EUR    35.921
Kreditanstalt fuer      0.820  4/15/2050     EUR    61.844
Deutsche Bank Luxem     1.560  10/06/2028    EUR    72.253
State of North Rhin     1.960  1/24/2079     EUR    71.651
Societe Wallonne de     0.883 11/21/2044     EUR    55.626
Veragold Mining Co      5.000 12/31/2025     EUR    75.000
Muenchener Hypothek     1.495  10/05/2050    EUR    65.187
UniCredit Bank GmbH     0.310 10/15/2035     EUR    71.770
Region de Bruxelles     1.620  02/08/2044    EUR    71.423
Deutsche Pfandbrief     1.000  12/02/2030    EUR    75.199
Land Thueringen         0.250  03/05/2040    EUR    64.589
Erste Group Bank AG     1.400  05/07/2034    EUR    74.711
Land Berlin             0.500  6/19/2047     EUR    56.638
Merrill Lynch BV        3.090 10/25/2036     AUD    71.339
United Utilities Wa     0.359  10/05/2048    GBP    57.847
Ile-de-France Mobil     0.675 11/24/2036     EUR    73.060
Kreditanstalt fuer      0.788  11/04/2039    EUR    70.914
Batigere Grand Est      1.610 10/23/2040     EUR    72.054
Landwirtschaftliche     0.400  7/29/2036     EUR    73.925
State of Lower Aust     1.886  03/02/2048    EUR    75.347
Societe Generale SA     3.920  12/09/2036    AUD    72.317
ING Bank NV             0.465  4/21/2041     EUR    66.502
Muenchener Hypothek     1.185  05/05/2059    EUR    57.584
Agrokor dd              9.125  02/01/2020    EUR    15.000
Gazprom PJSC Via Ga     5.150  02/11/2026    USD    72.203
Saastopankkien Kesk     0.975  8/18/2034     EUR    74.327
UBS AG/London           7.300  10/03/2024    USD     9.782
Societe Generale SA    18.000  07/03/2024    USD    23.839
NRW Bank                0.642  02/09/2051    EUR    53.222
Norddeutsche Landes     1.350 10/20/2038     EUR    67.371
Landeskreditbank Ba     0.700  03/11/2041    EUR    69.262
LFA Foerderbank Bay     0.250  3/19/2037     EUR    72.861
Oberoesterreichisch     0.285  11/06/2042    EUR    55.755
Vasakronan AB           1.770 10/26/2033     NOK    74.760
Deutsche Bank AG        4.500 11/27/2030     TRY    32.321
Kuntarahoitus Oyj       1.155 11/19/2060     EUR    49.851
Societe Generale SA    18.000  5/31/2024     USD    21.000
BNG Bank NV             0.632  07/12/2066    EUR    42.153
Banco Santander SA      2.930  9/17/2038     EUR    74.246
Spain Government Bo     1.900 10/31/2052     EUR    67.398
Banco Santander SA      2.750  07/04/2038    EUR    72.552
Kommunalkredit Aust     0.570  9/15/2037     EUR    67.795
Landesbank Hessen-T     0.650 11/13/2034     EUR    70.212
Land Thueringen         1.127  04/02/2049    EUR    61.795
Caisse des Depots e     1.460  1/24/2052     EUR    60.722
Landesbank Baden-Wu     0.290  08/06/2031    EUR    73.713
Credit Bank of Mosc     4.700  1/29/2025     USD    35.349
Region Centre           0.924  11/02/2043    EUR    61.016
Ministeries Van de      1.863  2/28/2048     EUR    70.562
Canton of Neuchatel     0.100 10/29/2049     CHF    69.296
Vasakronan AB           3.300  1/14/2042     AUD    64.311
Communaute Francais     1.760  1/26/2043     EUR    73.352
Ministeries Van de      1.874  3/28/2058     EUR    60.864
Yorkshire Water Ser     1.709  02/01/2058    GBP    72.226
Yorkshire Water Ser     1.462  08/01/2051    GBP    71.263
Region de Bruxelles     0.910  1/31/2053     EUR    49.607
Rikshem AB              3.250  5/31/2041     AUD    64.020
Landesbank Hessen-T     1.000  08/07/2034    EUR    73.960
Atari SA                6.500  7/31/2026     EUR     0.120
Region Grupp Lizing    16.000  10/12/2026    RUB    70.020
Free and Hanseatic      0.250  2/18/2041     EUR    63.028
Landesbank Saar         0.680  3/29/2034     EUR    74.097
Kreditanstalt fuer      1.175  4/14/2051     EUR    67.304
Republic of Ireland     0.740  9/22/2078     EUR    43.466
UniCredit SpA           1.490 10/23/2035     EUR    74.504
Communaute Francais     0.749  9/16/2080     EUR    49.836
Slovenska Sporiteln     4.820                EUR    59.841
Hell Energy Magyaro     2.700 12/18/2029     HUF    74.700
Duna Aszfalt Ut Es      2.990 10/17/2029     HUF    61.000
Credit Suisse AG/Lo     2.500  7/23/2025     SEK    16.940
Societe Generale SA    18.000  08/01/2024    USD    20.954
Muenchener Hypothek     1.003  03/09/2060    EUR    53.381
State of Bremen         0.400  8/20/2049     EUR    51.746
La Financiere Atali     6.625  5/15/2025     GBP    72.438
Junta de Castilla y     1.270 10/31/2044     EUR    62.897
Bayerische Landesba     1.682  05/02/2036    EUR    74.745
Batigere Grand Est      1.600 11/14/2039     EUR    73.727
Societe Du Grand Pa     2.062  3/19/2070     EUR    64.372
UBS AG/London           1.860  2/28/2049     EUR    69.576
Banco Espirito Sant    10.000  12/06/2021    EUR     0.063
NRW Bank                1.510  03/07/2046    EUR    72.589
Region de Bruxelles     0.900  4/14/2050     EUR    52.768
Raiffeisen-Landesba     1.380  7/24/2059     EUR    57.512
Norddeutsche Landes     1.600  08/01/2039    EUR    68.799
Muenchener Hypothek     1.010  08/06/2044    EUR    57.844
State of North Rhin     1.641  08/11/2066    EUR    64.796
Landesbank Hessen-T     1.000 12/28/2035     EUR    68.050
Flextronics Interna     3.600  12/06/2031    HUF    70.000
Societe Generale SA    20.000 12/18/2025     USD    28.000
Ville de Paris          0.831  2/23/2056     EUR    46.800
Norddeutsche Landes     0.675  2/25/2033     EUR    74.742
Caisse des Depots e     2.940  03/02/2051    AUD    62.795
Landesbank Hessen-T     1.383  3/28/2042     EUR    75.132
Landesbank Hessen-T     0.750  9/18/2034     EUR    71.507
Raiffeisenverband S     1.853  02/05/2049    EUR    72.832
Credit Agricole Cor    11.190  1/15/2026     TRY    62.152
Societe Generale SA    21.000 12/26/2025     USD    62.500
Banco Santander SA      2.750  09/05/2037    EUR    73.778
Aareal Bank AG          0.380  9/16/2031     EUR    71.127
Vasakronan AB           1.870  06/03/2039    EUR    59.358
ABN AMRO Bank NV        1.425  4/17/2045     EUR    69.589
Bayerische Landesba     1.690  4/23/2037     EUR    73.149
Region of Pays de l     0.877 10/28/2041     EUR    63.147
Batigere Grand Est      1.550 11/14/2039     EUR    72.759
Kreditanstalt fuer      1.000 10/20/2050     EUR    64.071
Republic of Ireland     1.320 11/28/2119     EUR    43.638
State of Brandenbur     0.300  10/04/2049    EUR    50.645
Specialfastigheter      1.280  9/20/2049     SEK    59.958
Irish Bank Resoluti     6.750 11/30/2013     BGN    33.250
Hemso Fastighets AB     2.680  07/10/2035    AUD    69.618
Ile-de-France Mobil     1.586  2/23/2052     EUR    65.803
Hemso Fastighets AB     2.615 11/30/2043     EUR    71.622
Alliander NV            1.125  04/08/2035    EUR    74.965
Region de Bruxelles     0.758  3/27/2037     EUR    72.119
Caisse des Depots e     1.098  7/31/2049     EUR    56.929
UBS Group AG            2.210 11/24/2035     USD    71.102
Phones4u Finance PL     9.500  04/01/2018    GBP    50.000
Ameriabank CJSC         9.750  2/19/2024     AMD     0.000
BPCE SFH SA             1.586  02/01/2047    EUR    71.417
Kreditanstalt fuer      1.208  03/10/2051    EUR    67.942
Nederlandse Watersc     1.080 10/26/2050     EUR    61.615
DZ Bank AG Deutsche     1.250  9/30/2060     EUR    56.930
Societe Generale SA    20.000  7/21/2026     USD    16.000
SALVATOR Vermoegens     9.500                EUR     6.800
Moby SpA                7.750  2/15/2023     EUR    60.298
Comunidad Foral de      1.800  3/25/2042     EUR    72.651
BPCE SA                 2.285  12/03/2035    AUD    66.706
DZ Bank AG Deutsche     0.780  03/05/2030    EUR    74.940
FNG Benelux Holding     5.000  8/28/2023     EUR     1.013
Lloyds Bank PLC         2.170  8/28/2038     EUR    75.658
Phosagro OAO Via Ph     2.600  9/16/2028     USD    66.567
State of Lower Aust     1.000  9/15/2121     EUR    33.563
City of Hanover Ger     1.560  05/03/2048    EUR    74.461
Sequa Petroleum NV      5.000  4/29/2020     USD    30.250
HSBC Continental Eu     2.040  3/29/2049     EUR    69.836
Morhomes PLC            2.508  2/19/2051     GBP    56.325
Deutsche Bank AG        0.700 10/28/2031     EUR    73.640
Comunidad Foral de      0.550 10/22/2035     EUR    72.417
Muenchener Hypothek     0.270 10/19/2035     EUR    71.653
Muenchener Hypothek     1.172 10/30/2047     EUR    67.295
Deutsche Bank AG        2.010  12/10/2052    EUR    55.354
ING Bank NV             0.335  4/21/2036     EUR    71.419
Alfa Bank AO Via Al     5.500 10/26/2031     USD     0.916
Raiffeisen-Landesba     1.470  05/03/2069    EUR    54.141
NTRP Via Interpipe     10.250  08/02/2017    USD     1.020
Elli Investments Lt    12.250  6/15/2020     GBP    52.250
VTB Bank PJSC Via V     9.500                USD    17.593
Bilt Paper BV          10.360                USD     1.942
CDC Habitat SEM         1.150  4/30/2037     EUR    74.332
Kingdom of Belgium      2.750  06/10/2071    USD    62.833
Regie Autonome des      0.938  5/25/2050     EUR    54.768
Malta Government Bo     1.200  5/13/2037     EUR    75.299
ObedinenieAgroElita    13.750  5/22/2024     RUB    34.230
Anselma Issuer SA       1.574 12/31/2038     EUR    29.230
Kuntarahoitus Oyj       0.858  2/22/2051     EUR    66.032
ASCE Group OJSC         7.000  06/11/2031    USD    61.144
State of Brandenbur     0.600 10/13/2051     EUR    53.536
Kreditanstalt fuer      0.980  6/28/2051     EUR    63.246
Santander Internati     1.150  04/08/2041    EUR    65.291
FLUVIUS System Oper     0.810  04/08/2033    EUR    74.023
SpareBank 1 SR-Bank     0.970  10/09/2040    EUR    62.927
Department of Bouch     0.432  02/01/2046    EUR    52.594
MS Deutschland Bete     6.875 12/18/2017     EUR     0.140
Quintet Private Ban     6.050  5/26/2026     USD    64.980
Region de Bruxelles     0.500  6/22/2040     EUR    62.591
Norddeutsche Landes     1.150  02/11/2037    EUR    69.149
Northern Electric F     2.750  5/24/2049     GBP    65.966
Vasakronan AB           3.100  09/09/2039    AUD    64.779
Basque Government       2.350  04/11/2049    EUR    74.935
Comunidad Foral de      2.100  4/30/2044     EUR    73.880
Region de Bruxelles     0.283 10/24/2033     EUR    73.601
Landesbank Baden-Wu     0.570  12/07/2034    EUR    67.510
Caisse des Depots e     3.000  11/08/2051    AUD    63.334
Uliving@Essex2 Issu     0.100  8/31/2063     GBP    61.572
State of North Rhin     1.850  3/18/2089     EUR    59.670
Deutsche Bank AG/Lo    12.780  3/16/2028     TRY    51.953
Republic of Ireland     1.020  09/10/2086    EUR    48.561
ESB Finance DAC         2.000  4/17/2044     EUR    68.904
Landesbank Hessen-T     2.435  02/06/2048    EUR    72.262
Standard Chartered      3.040  1/18/2042     USD    74.287
Veneto Banca SpA        6.944  5/15/2025     EUR     0.555
Agence France Local     2.550  3/20/2036     AUD    73.755
Kingdom of Belgium      1.170  05/12/2121    EUR    41.947
Erdoel-Lagergesells     1.200  06/04/2043    EUR    70.363
Republic of Austria     0.100  07/10/2040    EUR    62.576
Vasakronan AB           1.000  6/15/2041     EUR    47.115
SAir Group              4.250  02/02/2007    CHF    10.000
UBS AG/London           8.440  5/26/2027     SEK    59.300
Societe Nationale S     2.910  1/27/2051     AUD    61.839
Raiffeisen Bank Int     0.370  02/03/2033    EUR    69.973
Gebr Sanders GmbH &     8.750 10/22/2018     EUR     9.375
SAir Group              6.250  04/12/2005    CHF    10.000
Barclays Bank PLC       1.382 11/27/2045     EUR    63.364
ABN AMRO Bank NV        1.597  6/26/2043     EUR    74.329
Societe Du Grand Pa     1.923  5/25/2066     EUR    60.483
Kuntarahoitus Oyj       1.000 10/25/2049     EUR    68.334
DZ Bank AG Deutsche     1.000  2/18/2032     EUR    67.127
Kreditanstalt fuer      1.171  7/19/2051     EUR    66.369
Specialfastigheter      1.180  12/02/2044    SEK    62.615
Ukraine Government     11.780  5/27/2026     UAH    58.443
Region Occitanie        0.766  10/07/2041    EUR    64.547
Vasakronan AB           2.277  03/11/2039    EUR    64.260
International Finan     0.500  6/29/2027     ZAR    73.936
Vasakronan AB           1.130  5/27/2042     JPY    69.351
Kreditanstalt fuer      0.250  10/06/2036    CAD    53.867
Societe Generale SA    15.000  9/29/2025     USD    10.750
Metal Hungaria Hold     3.500 11/16/2031     HUF    70.000
Credit Agricole SA      3.270  10/05/2041    AUD    60.066
State of Brandenbur     0.125  1/26/2046     EUR    52.781
Kingdom of Belgium      0.650  6/22/2071     EUR    42.776
Caisse des Depots e     1.000  2/26/2051     EUR    53.688
Norddeutsche Landes     0.900  07/05/2033    EUR    75.158
PJSC Koks via IMH C     5.900  9/23/2025     USD     9.644
Kommunekredit           1.336  10/01/2032    AUD    74.106
Norske Skog Holding     8.000  2/24/2023     USD     0.006
State of Saarland       1.108  5/18/2046     EUR    67.018
CDC Habitat SEM         1.170  05/04/2037    EUR    74.555
Oberbank AG             2.250  02/01/2039    EUR    73.225
State of Hesse          0.375  04/09/2040    EUR    64.215
Region de Bruxelles     0.556 12/23/2064     EUR    32.182
Federal Grid Co - R     7.690 10/30/2048     RUB    55.000
NRW Bank                0.591  3/19/2040     EUR    68.846
Landesbank Hessen-T     1.350  3/16/2037     EUR    71.571
Citigroup Global Ma     1.000  1/21/2036     EUR    69.506
Caisse Francaise de     0.865  2/17/2042     EUR    66.242
Berlin Hyp AG           1.157  12/09/2039    EUR    66.346
Republic of Ireland     2.000  6/29/2063     EUR    74.491
New World Resources     4.000  10/07/2020    EUR     0.750
Ile-de-France Mobil     1.000  12/02/2043    EUR    64.751
Gazprom PJSC via Ga     3.897                EUR    60.037
Region Auvergne-Rho     0.530  9/29/2036     EUR    70.244
Deutsche Bank AG/Lo    11.210  6/26/2025     TRY    74.294
HSBC Continental Eu     1.200  9/26/2039     EUR    67.098
National Grid Elect     3.120  12/10/2039    AUD    67.404
Landesbank Hessen-T     1.370  9/22/2031     EUR    70.171
Landesbank Hessen-T     1.050  5/28/2036     EUR    70.035
Stichting Afwikkeli     6.625  5/14/2018     EUR    43.625
Proximus SADP           1.500  5/14/2040     EUR    72.232
Region Hauts-de-Fra     0.691  07/09/2042    EUR    62.213
BNP Paribas SA          3.580  7/23/2040     AUD    74.840
Region de Bruxelles     0.640  7/20/2045     EUR    55.740
Landesbank Saar         0.835  2/19/2035     EUR    73.222
Deutsche Bank AG/Lo     0.500  8/23/2038     MXN    21.307
Severn Trent Utilit     1.500 10/20/2056     GBP    70.671
Societe Generale SA    10.000  1/31/2024     USD    51.650
MOL Hungarian Oil &     1.900  04/12/2031    HUF    69.900
SG Issuer SA            2.100  8/23/2033     EUR    19.600
Landesbank Hessen-T     1.500  1/20/2037     EUR    71.200
Jain International      7.125  02/01/2022    USD    22.000
Morgan Stanley & Co     1.105  6/18/2041     EUR    63.751
Department of Loire     0.500 10/30/2042     EUR    59.077
Thames Water Utilit     1.846  8/28/2047     GBP    68.682
Deutsche Bank AG/Lo    13.750  6/20/2026     TRY    35.363
Norske Skogindustri     7.000 12/30/2026     EUR     0.010
SCC Power PLC           6.000 12/31/2028     USD    53.189
Cooperatieve Raboba     0.540  08/03/2040    EUR    63.763
Bayerische Landesba     1.500  7/14/2036     EUR    72.103
Landesbank Hessen-T     0.750  1/21/2036     EUR    67.976
Federal Grid Co - R     7.690  4/27/2048     RUB    55.000
Natixis SA              3.630  6/14/2039     AUD    70.769
Nederlandse Watersc     0.964  06/11/2059    EUR    55.137
Kuntarahoitus Oyj       0.448  3/19/2040     EUR    67.174
DNB Boligkreditt AS     1.080  5/16/2039     EUR    73.691
Vasakronan AB           2.050  5/28/2044     EUR    58.936
Hypo Tirol Bank AG      1.530  04/10/2043    EUR    73.126
Region Wallonne Bel     2.168  7/26/2047     EUR    74.716
Aareal Bank AG          1.068  2/18/2050     EUR    59.686
Batigere Grand Est      1.540  11/04/2041    EUR    69.623
Nederlandse Watersc     1.900  1/31/2035     AUD    71.239
Muenchener Hypothek     1.692  11/06/2051    EUR    68.191
Norddeutsche Landes     1.000  8/13/2036     EUR    68.350
Micro Small & Mediu     6.900  8/28/2026     USD    58.058
Region Wallonne Bel     1.135  10/10/2069    EUR    45.363
Belfius Bank SA         0.125  6/19/2034     EUR    73.904
Region de Bruxelles     1.710  05/05/2047    EUR    66.030
Steilmann SE            6.750  6/27/2017     EUR     2.184
Agrokor dd              8.875  02/01/2020    USD    15.000
Bayerische Landesba     3.850 11/18/2036     EUR    72.768
Land Thueringen         0.200  09/12/2039    EUR    65.259
Oberbank AG             2.280  6/22/2038     EUR    74.314
Belfius Bank SA         0.780  7/22/2036     EUR    74.167
Societe Nationale S     2.931  1/14/2051     AUD    62.004
VTB Bank OJSC Via V     6.250  6/30/2035     USD    23.383
Societe Generale SA    20.000  9/18/2026     USD    11.750
Converse Bank          10.500  5/22/2024     AMD     0.000
Vontobel Financial     14.300  8/21/2024     USD    74.430
IDBank CJSC             9.250  5/25/2024     AMD     0.000
Societe Generale SA    26.640 10/30/2025     USD     5.000
Hacienda Investment     5.350  02/08/2028    USD    57.614
Gazprom PJSC via Ga     1.500  2/17/2027     EUR    62.000
Landesbank Baden-Wu     0.580  03/02/2033    EUR    71.446
Assistance Publique     0.666  3/19/2040     EUR    66.226
Norddeutsche Landes     0.900  04/08/2036    EUR    68.281
Assistance Publique     1.099  04/06/2071    EUR    41.949
Region Provence-Alp     0.753  01/05/2037    EUR    70.975
Purple Protected As     2.085 10/27/2060     EUR    46.176
Kreditanstalt fuer      1.201  9/13/2051     EUR    66.697
DNB Boligkreditt AS     0.846  7/14/2036     EUR    75.088
Kreditanstalt fuer      0.620  1/14/2050     EUR    56.595
Phosphorus Holdco P    10.000  04/01/2019    GBP     0.375
Lloyds Bank PLC         2.280  1/29/2044     EUR    71.648
Region Wallonne Bel     1.550  4/28/2120     EUR    48.462
Hemso Fastighets AB     1.460  07/07/2042    JPY    73.871
Caisse des Depots e     0.982  11/06/2050    EUR    54.907
Ukraine Government      8.120  11/10/2035    UAH    24.883
Land Berlin             0.625  7/15/2039     EUR    70.449
Region of Pays de l     1.704 10/23/2040     EUR    75.196
Credit Agricole Cor     1.000  1/31/2033     AUD    67.816
Department of L'Eur     0.959 11/25/2037     EUR    74.452
Wirtschafts- und In     0.138  8/23/2044     EUR    53.178
Region de Bruxelles     1.036  01/07/2060    EUR    45.032
Hemso Fastighets AB     2.127  4/18/2039     EUR    69.768
Region de Bruxelles     1.000 10/29/2059     EUR    44.474
State of Lower Aust     0.585  10/11/2049    EUR    51.915
Credito Padano Banc     3.100                EUR    36.487
Region de Bruxelles     1.310 12/15/2069     EUR    45.409
Landesbank Baden-Wu     0.660  11/09/2034    EUR    68.274
Kreditanstalt fuer      1.087  1/21/2050     EUR    66.476
Nostrum Oil & Gas F     7.000  2/16/2025     USD    26.970
UBS AG/London           0.120  5/25/2040     MXN    17.238
Caisse des Depots e     1.617  3/18/2049     EUR    66.989
Barclays Bank PLC       2.180  3/18/2039     EUR    75.151
Region de Bruxelles     1.016  9/23/2057     EUR    46.402
Landeskreditbank Ba     2.500  5/21/2036     AUD    71.318
United Utilities Wa     1.702 11/21/2057     GBP    74.973
Severn Trent Utilit     1.457  08/01/2058    GBP    69.138
Severn Trent Utilit     1.399  02/09/2057    GBP    67.216
Agence Francaise de     1.862  2/25/2054     EUR    71.370
Region Bretagne SCI     0.815  06/12/2040    EUR    65.105
Region Wallonne Bel     1.220  06/12/2050    EUR    57.997
Region de Bruxelles     1.065  06/12/2058    EUR    46.720
DAH Holding GmbH        7.250  9/28/2018     EUR     0.718
Pescanova SA            8.750  2/17/2019     EUR     1.152
Erste Group Bank AG     1.010  10/07/2041    EUR    58.522
Bazalgette Finance      0.010  08/05/2036    GBP    74.286
Praktiker AG            5.875  02/10/2016    EUR     0.001
Lehman Brothers Tre     4.350  08/08/2016    SGD     0.100
UBS AG/London          25.830  02/01/2024    USD     6.700
Leonteq Securities     27.000  02/09/2024    CHF    12.970
Zurcher Kantonalban    20.250  03/08/2024    EUR    67.100
Landesbank Hessen-T     1.000  09/03/2035    EUR    70.050
Autonomous Communit     1.515  6/21/2051     EUR    58.006
BNP Paribas SA          1.400  06/04/2041    EUR    68.309
Standard Chartered      2.140  1/29/2036     USD    72.961
Muenchener Hypothek     0.550  2/18/2046     CHF    70.265
Banque Internationa     1.000  2/18/2036     EUR    69.084
Kreditanstalt fuer      0.965  03/02/2046    EUR    66.034
NRW Bank                1.180  03/03/2051    EUR    62.910
BNG Bank NV             2.300  03/03/2036    AUD    70.524
State of Lower Aust     0.400 10/13/2050     EUR    48.643
Decipher Production    12.500  9/27/2019     USD     1.500
Kreditanstalt fuer      1.110  7/13/2046     EUR    70.035
Lloyds Bank PLC         2.450  02/01/2049    EUR    71.688
DNB Boligkreditt AS     1.530 12/21/2043     EUR    72.857
Agence France Local     0.210 12/20/2035     EUR    70.609
Anglian Water Servi     0.850 12/23/2040     JPY    74.510
Hypo Vorarlberg Ban     0.400 12/22/2031     EUR    72.343
Autonomous Communit     1.138 11/22/2052     EUR    51.171
Federal Grid Co - R     7.690 10/30/2048     RUB    55.000
SG Issuer SA            0.015  11/07/2033    EUR    65.630
BPCE SFH SA             0.843  7/19/2044     EUR    62.421
Region de Bruxelles     1.800  8/17/2048     EUR    71.826
Region de Bruxelles     0.256  2/26/2035     EUR    70.741
Nederlandse Watersc     1.610  12/04/2052    EUR    71.052
BNP Paribas SA          2.840  8/26/2039     AUD    59.857
Banca Popolare di V     9.500  10/02/2025    EUR     0.380
Municipality of Arn     0.605  2/24/2040     EUR    68.555
Deutsche Bank AG        2.348  8/15/2034     EUR    74.223
Region Auvergne-Rho     0.250 10/23/2034     EUR    72.630
Raiffeisenlandesban     1.500 10/21/2039     EUR    65.578
Autonomous Communit     1.646  7/30/2060     EUR    52.819
Hypo Vorarlberg Ban     1.020  7/15/2041     EUR    55.343
Region de Bruxelles     0.845  9/30/2059     EUR    41.644
Alfa Bank AO Via Al     5.950  4/15/2030     USD     2.000
Caisse des Depots e     1.065  9/20/2049     EUR    57.456
Landesbank Hessen-T     0.800  1/16/2035     EUR    71.008
Caisse des Depots e     1.114  9/20/2049     EUR    58.264
DNB Boligkreditt AS     1.594  1/29/2043     EUR    75.250
SCF Capital Designa     3.850  4/26/2028     USD    65.643
Department of Bouch     1.068  5/21/2048     EUR    59.242
Region de Bruxelles     0.930  05/03/2051    EUR    52.037
Spain Government Bo     1.200 10/31/2040     EUR    70.395
Batigere Grand Est      1.800  08/12/2050    EUR    64.749
SAir Group              5.500  7/23/2003     CHF    10.000
Agence Francaise de     1.950 11/19/2053     EUR    67.738
Caisse Francaise de     1.640  07/10/2048    EUR    72.808
Cooperatieve Raboba     1.650  8/24/2036     EUR    72.310
Leonteq Securities     24.000  7/17/2024     CHF    43.620
BNP Paribas SA          0.780  1/16/2025     USD     9.970
Nordea Bank Abp         0.620 10/14/2026     SEK    65.000
Societe Generale SA    16.000  07/03/2024    USD    32.250
UniCredit Bank GmbH    15.500  04/12/2024    EUR    53.280
Landesbank Hessen-T     1.400  1/13/2037     EUR    70.500
CDC Habitat SEM         0.814  2/15/2040     EUR    65.576
Societe Generale SA     2.050  2/22/2031     AUD    74.087
BPCE SA                 2.320  03/04/2036    USD    69.930
Orient Express Bank     2.000                USD    10.364
Region de Bruxelles     0.460 12/15/2051     EUR    41.161
Free and Hanseatic      1.095  6/13/2046     EUR    68.084
Serbia Treasury Bon     2.300  3/18/2047     EUR    65.147
Societe Du Grand Pa     2.145 11/26/2068     EUR    65.400
Vasakronan AB           2.533  1/28/2044     EUR    61.538
UniCredit SpA           0.725 11/27/2030     EUR    73.204
Orpea SA                2.770 12/18/2028     EUR    19.599
Caisse des Depots e     2.160  12/07/2050    AUD    52.321
Brussels Municipali     0.384  6/15/2035     EUR    72.672
Italy Buoni Polienn     2.800  03/01/2067    EUR    72.405
Metal Hungaria Hold     3.000 11/17/2030     HUF    63.500
Mifa Mitteldeutsche     7.500  08/12/2018    EUR     1.630
KVS OOO                18.500  12/08/2033    RUB    70.010
Kardan NV               6.325  2/21/2021     ILS     5.000
Leonteq Securities     20.000  05/02/2024    CHF    31.690
DZ Bank AG Deutsche     0.500 10/20/2036     EUR    64.589
Bayerische Landesba     1.620  5/21/2036     EUR    74.076
Land Thueringen         1.100  07/03/2047    EUR    68.959
SNCF Reseau             2.303  07/11/2067    EUR    69.196
Region Nouvelle-Aqu     0.814 11/22/2044     EUR    60.087
Aareal Bank AG          2.020 11/20/2034     EUR    74.345
Bayerische Landesba     1.020  11/12/2035    EUR    69.523
AB Financial Produc     3.952  7/30/2040     EUR    65.778
Bayerische Landesba     0.770 11/29/2032     EUR    75.063
Kreditanstalt fuer      1.027 10/26/2050     EUR    63.026
NRW Bank                0.800 10/22/2060     EUR    47.546
Portugal Obrigacoes     1.150  04/11/2042    EUR    70.105
Ukraine Government     11.890  05/06/2026    UAH    59.027
Deutsche Pfandbrief     0.710  09/10/2031    EUR    71.410
HSBC Continental Eu     0.800 12/13/2034     EUR    68.132
Deutsche Wohnen SE      1.700  12/05/2036    EUR    74.016
Societe Du Grand Pa     1.955  4/16/2069     EUR    61.983
Nationwide Building     1.336  2/26/2041     EUR    74.849
Caisse des Depots e     0.945  5/19/2051     EUR    53.737
Ville de Paris          2.017  5/25/2052     EUR    71.145
Lehman Brothers Tre     2.875  3/14/2013     CHF     0.100
Region de Bruxelles     1.000  4/21/2051     EUR    55.541
Region de Bruxelles     0.760  9/15/2038     EUR    69.130
Caisse des Depots e     1.022  9/13/2049     EUR    55.397
Caisse des Depots e     2.766  08/09/2049    USD    66.314
Region de Bruxelles     1.810  3/22/2053     EUR    65.142
Communaute Francais     1.120  7/19/2038     EUR    71.495
Minicentrales Dos S     0.010  06/06/2047    EUR    66.375
Cerruti Finance SA      6.500  7/26/2004     EUR     0.901
A-TEC Industries AG     5.750  11/02/2010    EUR     0.100
Lehman Brothers Tre     3.860  9/21/2011     SGD     0.100
Leonteq Securities     17.000  2/21/2024     CHF    69.000
Swissquote Bank SA     20.120  6/20/2024     CHF    32.020
Zurcher Kantonalban    24.250  3/28/2024     USD    39.210
Societe Generale SA    14.300  8/22/2024     USD    17.770
Credit Suisse Inter     9.500  3/24/2026     UAH    62.490
BNP Paribas SA          0.990  05/06/2024    USD     9.540
Societe Generale SA    14.000  08/08/2024    USD    23.120
Landesbank Baden-Wu     1.500  4/16/2039     EUR    74.640
Republic of Ireland     1.250  10/08/2121    EUR    49.275
ING Bank NV             2.220  1/20/2036     USD    74.191
Hypo Tirol Bank AG      1.090  1/21/2041     EUR    58.041
Barclays Bank PLC       1.340  02/01/2051    EUR    57.518
NRW Bank                0.420  02/08/2039    EUR    67.667
Kreditanstalt fuer      0.990  02/12/2051    EUR    63.531
Saechsische Aufbaub     0.300  2/18/2042     EUR    58.859
Caisse des Depots e     0.571  2/18/2041     EUR    62.750
Land Berlin             0.150  2/22/2036     EUR    72.370
Bayerische Landesba     1.850  03/05/2031    EUR    74.183
Landesbank Saar         0.710  12/06/2035    EUR    70.623
Barclays Bank PLC       3.130  04/09/2051    USD    65.032
DZ Bank AG Deutsche     0.600  9/30/2033     EUR    73.467
BAE Systems PLC         3.000  9/15/2050     USD    68.380
Landesbank Hessen-T     0.700  11/02/2034    EUR    70.740
NRW Bank                1.245  09/07/2060    EUR    57.016
Kingdom of Belgium      0.558  9/24/2077     EUR    34.816
Aareal Bank AG          0.255  9/17/2029     EUR    74.979
Nomura Bank Interna     1.138 12/19/2039     EUR    58.235
United Utilities Wa     1.474  8/24/2031     USD    75.099
Kuntarahoitus Oyj       0.726  01/08/2060    EUR    53.874
Nederlandse Watersc     1.850  02/11/2059    EUR    71.677
Ile-de-France Mobil     1.200  04/08/2050    EUR    58.913
Basque Government       1.750  4/22/2050     EUR    64.056
Ministeries Van de      0.634 11/19/2060     EUR    38.864
Hypo-Wohnbaubank AG     2.000  1/16/2035     EUR    70.000
Societe Generale SA    20.540 12/27/2029     USD    58.100
Ukraine Government      9.700  06/07/2028    UAH    42.392
NRW Bank                1.000  2/26/2050     EUR    60.489
Landwirtschaftliche     0.984  02/04/2042    EUR    67.849
Wirtschafts- und In     0.267  8/29/2044     EUR    54.789
Autonomous Communit     2.300  5/24/2049     EUR    72.441
Credit Agricole Cor     2.400  5/17/2048     EUR    51.252
Landesbank Baden-Wu     1.300  6/21/2049     EUR    57.516
United Kingdom Infl     0.125  3/22/2073     GBP    67.508
Batigere Grand Est      1.600 11/14/2044     EUR    66.513
Caisse Francaise de     0.726 10/29/2039     EUR    67.996
Ville de Paris          0.921  5/26/2053     EUR    51.416
Department of Loire     0.790 11/22/2039     EUR    68.375
Sanctuary Capital P     2.481  11/12/2037    GBP    72.231
Parnassia Groep BV      1.470  12/03/2046    EUR    64.405
Erste Group Bank AG     0.880  02/12/2035    EUR    69.368
Communaute Francais     1.040  7/19/2101     EUR    45.766
Bibby Offshore Serv     7.500  6/15/2021     GBP    11.625
Cie DU Chemin de Fe     0.280 11/29/2052     CHF    61.181
BPCE SFH SA             1.344  2/18/2041     EUR    73.528
National Grid Elect     2.710  10/04/2034    AUD    73.595
Region de Bruxelles     1.419  6/22/2045     EUR    68.290
Wirtschafts- und In     0.250  9/16/2037     EUR    69.205
Caisse des Depots e     1.438  5/24/2051     EUR    61.060
Severn Trent Utilit     1.501  08/01/2058    GBP    70.426
CDC Habitat SEM         1.060  5/22/2036     EUR    74.575
Region Wallonne Bel     0.970  6/24/2043     EUR    61.966
Grand Delta Habitat     1.500  06/02/2045    EUR    64.349
Region Wallonne Bel     1.222  6/24/2080     EUR    45.633
UkrLandFarming PLC     10.875  3/26/2018     USD     3.399
Caisse des Depots e     0.678  7/23/2040     EUR    63.772
Nederlandse Watersc     1.551 11/24/2061     EUR    66.562
Region de Bruxelles     0.690  6/22/2050     EUR    46.318
Ville de Paris          1.165  06/09/2053    EUR    54.988
Commerzbank AG          1.046 12/18/2034     EUR    73.705
Novolipetsk Steel V     1.450  06/02/2026    EUR    69.719
BPCE SA                 2.820 12/18/2039     AUD    64.171
Stadt Graz              1.824 10/31/2047     EUR    74.484
ABN AMRO Bank NV        1.070  03/03/2041    EUR    62.158
Raiffeisen-Landesba     2.010  12/07/2048    EUR    74.068
Region de Bruxelles     0.540  9/13/2044     EUR    55.243
Region de Bruxelles     0.759  9/20/2049     EUR    51.180
Agence Francaise de     0.368  01/12/2046    EUR    53.561
KPNQwest NV             7.125  06/01/2009    EUR     0.806
United Utilities Wa     1.435 11/21/2056     GBP    70.990
Vorosko Kereskedelm     4.750  1/25/2032     HUF    70.500
ITK Holding zrt         2.900  6/23/2031     HUF    71.450
Biznes Nedvizhimost    10.800 12/18/2026     RUB    62.000
Societe Generale SA    15.000  07/03/2024    USD    22.500
Societe Generale SA    16.000  07/03/2024    USD    15.400
Credit Suisse AG/Lo     2.500  10/07/2025    SEK    17.630
Societe Generale SA     1.000 10/20/2031     USD
Societe Generale SA    22.750 10/17/2024     USD    19.400
SG Issuer SA            2.100 12/27/2033     EUR    49.330
Landesbank Hessen-T     1.350  4/16/2036     EUR    68.300
UBS AG/London          12.000  2/22/2024     CHF    66.050
Credit Industriel E     0.900  02/04/2041    EUR    65.850
Norddeutsche Landes     1.130  02/10/2039    EUR    64.185
Kreditanstalt fuer      0.600  2/16/2051     EUR    56.512
Caisse des Depots e     1.018  2/16/2051     EUR    54.025
Landesbank Hessen-T     0.750  3/18/2036     EUR    67.610
BNP Paribas SA          0.857  2/22/2036     EUR    67.185
Region de Bruxelles     0.900  6/28/2046     EUR    55.709
Bank fuer Kirche un     0.770  10/12/2035    EUR    72.307
Banco Santander SA      1.020  01/04/2034    EUR    70.491
Landesbank Hessen-T     1.000  9/24/2035     EUR    71.100
Societe Du Grand Pa     0.576 10/29/2052     EUR    43.655
Intesa Sanpaolo Ban     3.102 11/19/2035     AUD    75.094
Societe Generale SA     1.100  2/20/2034     EUR    75.116
Societe Generale SA     2.200 12/17/2040     USD    61.089
SAir Group              2.750  7/30/2004     CHF    10.000
Landeskreditbank Ba     0.170  12/10/2035    EUR    73.529
Federal Grid Co - R     8.420  09/07/2048    RUB    55.000
Bayerische Landesba     1.450  1/26/2024     EUR    67.320
SG Issuer SA            0.021  8/15/2033     EUR    58.800
BNG Bank NV             0.799  7/25/2039     EUR    71.005
BNP Paribas SA          3.950  07/11/2039    AUD    75.024
BPCE SA                 2.250  3/13/2040     AUD    58.479
Communaute Francais     2.177  8/17/2068     EUR    70.275
Landesbank Hessen-T     1.150  03/09/2037    EUR    69.611
Ville de Paris          1.165  06/09/2053    EUR    55.425
Ville de Paris          1.720  8/23/2047     EUR    71.348
UBS AG/London           2.700  9/16/2044     AUD    58.952
Caisse des Depots e     1.780  1/15/2048     EUR    70.971
Raiffeisenlandesban     2.070  6/18/2049     EUR    64.347
Natixis SA              4.540  3/27/2048     AUD    74.060
Republic of Ireland     1.100  11/12/2096    EUR    47.889
Willhem AB              1.824 10/18/2038     SEK    69.048
NRW Bank                1.070 10/29/2049     EUR    62.147
Department of Loire     0.915 11/23/2043     EUR    63.014
Natixis SA              2.950 10/28/2034     AUD    73.204
Region de Bruxelles     1.029  1/14/2048     EUR    57.469
Nederlandse Watersc     1.200 11/26/2049     EUR    65.031
DNB Boligkreditt AS     1.550  09/01/2042    EUR    74.814
State of Hesse          0.100  10/01/2037    EUR    68.769
Kreditanstalt fuer      0.945 12/17/2040     EUR    73.304
Akademiska Hus AB       2.080  4/17/2045     SEK    75.211
HSBC Continental Eu     2.220  1/24/2048     EUR    72.901
Landesbank Hessen-T     0.900  06/10/2036    EUR    68.535
Penarian Housing Fi     3.212  06/07/2052    GBP    71.726
Penarian Housing Fi     3.212  06/07/2052    GBP    71.727
DZ HYP AG               1.172  4/25/2039     EUR    74.604
Region de Bruxelles     1.922  4/24/2059     EUR    62.361
Assistance Publique     1.502  05/09/2044    EUR    71.369
Region Auvergne-Rho     1.832  05/06/2042    EUR    75.267
Ministeries Van de      1.053  06/03/2050    EUR    55.710
Communaute Francais     1.380  11/07/2046    EUR    64.661
Societe Generale SA     5.050 11/25/2036     USD    56.693
SAir Group              5.125  03/01/2003    CHF    10.000
Landesbank Hessen-T     0.950  02/12/2035    EUR    72.160
Grupo Isolux Corsan     1.000 12/30/2021     EUR     0.157
Natixis SA              3.000 10/18/2051     USD    69.817
Bayerische Landesba     0.490  04/09/2035    EUR    66.277
Raiffeisenlandesban     1.174  07/11/2034    EUR    72.933
Landesbank Hessen-T     0.700 12/28/2035     EUR    67.684
Nederlandse Watersc     0.260  11/10/2036    EUR    70.772
BLT Finance BV         12.000  02/10/2015    USD    10.500
Barclays Bank PLC       2.320  01/11/2041    USD    63.029
United Utilities Wa     1.591  9/25/2056     GBP    74.313
United Utilities Wa     1.556 10/25/2056     GBP    73.316
Landesbank Hessen-T     1.500  1/20/2037     EUR    68.150
SG Issuer SA           11.680  1/31/2024     CHF    53.450
Zurcher Kantonalban    22.000  08/06/2024    USD    59.170
Basler Kantonalbank    17.900  5/30/2024     CHF    72.010
Societe Generale SA    21.000  2/23/2026     USD    52.700
Landesbank Baden-Wu    15.000  2/23/2024     EUR    55.630
Societe Generale SA    24.000  11/08/2024    USD    59.300
Zurcher Kantonalban    18.000  3/28/2024     CHF    70.570
Leonteq Securities     22.000  10/02/2024    CHF    77.880
Citigroup Global Ma     2.500  5/16/2031     EUR    74.620
Reneszansz Kofarago     3.200  04/09/2031    HUF    73.000
SG Issuer SA            1.500  1/24/2034     EUR    63.960
Bank Julius Baer &     12.150  06/04/2024    CHF    72.400
JP Morgan Structure    13.000  6/28/2033     ZMW
Luyser CJSC             7.000  12/06/2024    USD     5.920
Zurcher Kantonalban     6.700  05/07/2024    CHF    69.900
BNP Paribas Issuanc    20.000  9/18/2026     EUR    47.410
Bank Julius Baer &     13.600  6/17/2024     CHF    64.150
Zurcher Kantonalban    21.250  2/15/2024     CHF    56.140
Sustainable Capital     5.623  06/09/2024    USD    67.910
Landesbank Hessen-T     1.000  1/21/2036     EUR    67.250
Zurcher Kantonalban     6.500  04/03/2024    CHF    72.680
Swissquote Bank SA     21.060  04/11/2024    CHF    27.230
Landesbank Hessen-T     3.000  1/14/2037     EUR    69.400
Credit Agricole SA      1.000  04/06/2035    EUR    72.512
ING Bank NV             2.900  6/23/2051     USD    67.423
NRW Bank                0.600  1/28/2051     EUR    51.834
Caisse des Depots e     0.950  2/17/2051     EUR    52.847
Landesbank Baden-Wu     0.400  07/02/2031    EUR    74.997
Landesbank Baden-Wu     0.436  9/25/2031     EUR    74.586
Raiffeisen-Landesba     1.500  02/10/2061    EUR    46.681
Landesbank Baden-Wu     0.620  2/18/2036     EUR    65.595
Natixis SA              2.800  03/03/2041    USD    73.000
NRW Bank                1.211 10/18/2045     EUR    68.117
ING Bank NV             2.550 10/15/2031     AUD    74.314
Landeskreditbank Ba     1.025  04/01/2061    EUR    57.764
Landesbank Saar         0.720  6/29/2035     EUR    71.423
Landesbank Baden-Wu     0.905  04/01/2041    EUR    56.051
Centre Hospitalier      0.800  6/28/2041     EUR    65.487
Credit Agricole Cor    10.150  02/05/2025    TRY    74.249
Kuntarahoitus Oyj       0.854  1/14/2060     EUR    59.558
Landesbank Baden-Wu     0.590  10/07/2032    EUR    72.535
Landesbank Hessen-T     1.050  1/20/2037     EUR    68.774
Credit Bank of Mosc     3.875  9/21/2026     USD    37.993
Region Provence-Alp     0.623 10/15/2035     EUR    73.002
Ville de Paris          0.758  8/20/2060     EUR    40.927
Communaute Francais     0.500  6/27/2046     EUR    52.096
Cie de Financement      1.630  5/26/2046     EUR    72.607
Societe Wallonne de     0.913  7/31/2040     EUR    64.783
Landesbank Baden-Wu     0.820  5/27/2032     EUR    75.049
Agence Francaise de     1.954 11/13/2053     EUR    72.732
Rikshem AB              2.137  1/29/2036     EUR    68.278
Assistance Publique     1.183  4/16/2050     EUR    58.976
IBP Markets Ltd         5.000                GBP    57.501
Caisse des Depots e     0.930  11/09/2050    EUR    52.779
Deutsche Bank AG        0.650 11/30/2048     EUR    48.051
Landesbank Saar         0.650 11/19/2035     EUR    70.156
DekaBank Deutsche G     1.585 12/28/2035     EUR    62.853
Landesbank Hessen-T     0.650  1/14/2036     EUR    67.092
Landesbank Hessen-T     0.550  1/21/2036     EUR    66.102
Santander Internati     1.100  12/07/2040    EUR    66.062
Region Bourgogne-Fr     0.270  12/07/2035    EUR    68.318
Societe Generale SA    27.300 10/20/2025     USD    11.000
UniCredit Bank GmbH     5.300  04/08/2025    EUR    64.620
UniCredit Bank GmbH     9.600  1/18/2024     EUR    60.170
Finca Uco Cjsc          7.500 11/16/2024     USD     0.000
Mostotrest PJSC         0.010  7/29/2026     RUB    68.400
Zurcher Kantonalban     8.700  8/14/2024     EUR    71.100
Landesbank Hessen-T     0.850 10/25/2034     EUR    72.800
Societe Generale SA    16.000  08/01/2024    USD    16.900
SG Issuer SA            0.850 10/16/2024     EUR    15.390
Argentum Capital SA     0.500 11/30/2033     EUR    68.718
Ukraine Government      9.610  11/10/2029    UAH    36.981
Ukraine Government      6.000  10/11/2028    UAH    32.876
Citigroup Global Ma     2.650  3/17/2040     USD    71.824
Credit Agricole Cor    10.800  3/24/2026     TRY    63.602
Nederlandse Watersc     1.950  8/29/2058     EUR    73.336
BNP Paribas SA          2.720  12/12/2034    AUD    68.137
HSBC Continental Eu     1.140  8/26/2049     EUR    56.249
Cie de Financement      1.101  5/17/2039     EUR    74.046
DLR Kredit A/S          0.500  10/01/2050    DKK    68.263
Landesbank Baden-Wu     0.821  8/24/2032     EUR    74.849
Communaute Francais     1.925  4/18/2059     EUR    66.484
Commune de Marseill     1.079 11/19/2046     EUR    61.414
Natixis SA              2.900  1/29/2040     AUD    63.160
Region Provence-Alp     0.393  8/26/2036     EUR    71.447
Regie Autonome des      0.640  8/13/2041     EUR    64.239
Goldman Sachs Inter     2.076  7/27/2036     EUR    74.646
Communaute Francais     2.050  7/26/2047     EUR    75.007
Hypo Vorarlberg Ban     0.741 10/16/2036     EUR    61.496
Agence Francaise de     2.360  1/30/2045     AUD    59.213
Gazprom PJSC via Ga     3.500  7/14/2031     USD    60.226
Nederlandse Watersc     0.996  11/04/2049    EUR    62.231
Lloyds Bank PLC         1.765  8/17/2037     EUR    72.552
Tonon Luxembourg SA    12.500  5/14/2024     USD     0.010
ING Bank NV             2.600 10/19/2031     AUD    74.548
Landesbank Hessen-T     1.000  1/13/2037     EUR    68.295
Landesbank Baden-Wu     0.900 11/22/2034     EUR    70.661
Officine Maccaferri     5.750  06/01/2021    EUR    16.625
Raiffeisenlandesban     0.998  11/04/2033    EUR    74.956
Kreditanstalt fuer      0.885 11/14/2039     EUR    73.743
HSBC Bank PLC           2.230  09/06/2047    EUR    73.371
Region Auvergne-Rho     0.543  9/28/2036     EUR    69.596
La Banque Postale H     1.311  05/09/2040    EUR    74.932
NatWest Markets PLC     1.250  12/04/2034    EUR    74.728
Ukraine Government     11.800  3/25/2026     UAH    59.853
Ukraine Government     11.940  6/24/2026     UAH    58.153
Ukraine Government     11.830 10/14/2026     UAH    55.870
Ukraine Government     11.880  12/09/2026    UAH    55.155
Ukraine Government     11.820 11/25/2026     UAH    55.237
Ukraine Government     11.110  3/29/2028     UAH    46.133
Chelyabinsk Pipe Pl     4.500  9/19/2024     USD    64.000
State of Saxony-Anh     0.475  9/30/2050     EUR    53.151
Communaute Francais     0.788  8/30/2049     EUR    50.432
Deutsche Apotheker-     1.616  1/15/2038     EUR    72.355
Caisse des Depots e     2.205  9/28/2041     AUD    61.788
NRW Bank                0.510  9/23/2039     EUR    67.398
Communaute Francais     0.818  8/28/2050     EUR    52.086
Muenchener Hypothek     0.805  4/16/2036     EUR    68.476
Caisse des Depots e     1.300  4/28/2051     EUR    58.545
Landeskreditbank Ba     0.842  05/03/2041    EUR    72.397
Region Centre           0.725  12/12/2039    EUR    67.479
Landesbank Saar         0.890  09/04/2034    EUR    74.662
Autonomous Communit     1.250 10/31/2040     EUR    67.773
Kreditanstalt fuer      1.115  5/17/2041     EUR    73.621
Region de Bruxelles     1.100  5/25/2051     EUR    56.673
Credit Agricole Cor    15.000  6/18/2026     TRY    65.350
Petromena ASA          10.850 11/19/2018     USD     0.622
Region Wallonne Bel     1.040  5/28/2040     EUR    66.440
French Republic Gov     0.500  5/25/2040     EUR    67.664
Department of Giron     0.900 12/15/2039     EUR    69.584
Nederlandse Watersc     1.125  07/08/2050    EUR    62.722
Region Wallonne Bel     1.165  6/29/2059     EUR    51.959
ALROSA Finance SA       3.100  6/25/2027     USD     8.479
Ville de Paris          0.963  06/08/2050    EUR    53.599
BNP Paribas SA          0.500 11/16/2032     MXN    41.828
Bausparkasse Wueste     0.485  6/25/2040     EUR    63.328
Privatbank CJSC Via    10.875  2/28/2018     USD     8.769
Espirito Santo Fina     5.125  5/30/2016     EUR     0.160
Region de Bruxelles     2.344  2/14/2053     EUR    74.399
Credit Bank of Mosc     5.150  2/20/2024     EUR    27.894
National Grid Elect     2.500  7/24/2035     AUD    69.932
Thomas Cook Group P     6.250  6/15/2022     EUR     0.731
Ministeries Van de      1.564  11/12/2046    EUR    68.053
Societe Generale SA     1.510 12/20/2044     EUR    65.561
SAir Group              6.250 10/27/2002     CHF    10.000
Grupo Isolux Corsan     6.000 12/30/2021     EUR     0.673
Region Auvergne-Rho     0.645  04/09/2040    EUR    63.825
Assistance Publique     1.073  4/16/2045     EUR    63.314
NRW Bank                1.400  3/19/2070     EUR    55.888
Deutsche Bank AG        2.825  2/25/2043     EUR    72.517
Regie Autonome des      1.900  6/26/2048     EUR    75.228
Goldman Sachs Inter     2.500  7/26/2048     EUR    73.382
La Banque Postale H     0.640  1/27/2042     EUR    65.766
Lloyds Bank PLC         2.450  7/20/2048     EUR    71.889
DZ Bank AG Deutsche     0.500 12/21/2035     EUR    66.463
SAir Group              0.125  07/07/2005    CHF    10.000
KPNQwest NV             8.875  02/01/2008    EUR     0.806
Norske Skogindustri     7.125 10/15/2033     USD     0.010
Minicentrales Dos S     0.010  06/06/2047    EUR    58.375
Lehman Brothers Tre     5.578  3/16/2035     EUR     0.100
Lehman Brothers Tre     5.578  10/05/2035    EUR     0.100
United Utilities Wa     1.587  8/16/2056     GBP    74.463
Wingholding Zrt         3.000  9/22/2031     HUF    70.500
AutoWallis Nyrt         3.000  7/27/2031     HUF    73.300
Sberbank of Russia      8.500 11/14/2031     RUB    80.000
Raiffeisen Schweiz      6.000  1/31/2024     CHF    71.060
Ardshinbank CJSC        9.250  3/13/2024     AMD     0.000
OPUS TIGAZ Gazhaloz     2.800  3/24/2031     HUF    64.000
Zurcher Kantonalban     4.700  04/08/2024    CHF    14.000
UniCredit Bank GmbH     0.900  3/24/2036     EUR    71.020
Unibank OJSC            9.800  2/26/2024     AMD     0.000
Leonteq Securities     12.000  09/03/2024    EUR    64.960
Raiffeisen Switzerl    15.000  02/06/2024    CHF    38.570
BNP Paribas Issuanc    19.000  9/18/2026     EUR     0.820
UBS AG/London          18.500  08/01/2024    EUR    52.250
DZ Bank AG Deutsche     1.740  10/11/2050    EUR    58.420
TransFin-M PAO         10.500  6/28/2027     RUB    60.000
Banque Cantonale Va    17.050  06/06/2024    CHF    70.010
Kuntarahoitus Oyj       0.815  2/24/2061     EUR    57.631
Communaute Francais     0.782  02/08/2061    EUR    42.536
Region de Bruxelles     0.650  2/15/2061     EUR    37.295
BNG Bank NV             2.000  2/19/2038     AUD    68.117
Kreditanstalt fuer      0.680  2/23/2051     EUR    58.486
Premium Green PLC       1.050  9/15/2035     EUR    70.659
Kuntarahoitus Oyj       1.400  03/05/2061    EUR    70.531
Region de Bruxelles     1.225  6/21/2070     EUR    43.357
Landeskreditbank Ba     1.017  3/15/2061     EUR    57.473
Aareal Bank AG          1.850  3/20/2035     EUR    72.017
Kreditanstalt fuer      0.826 10/22/2041     EUR    70.656
Credit Bank of Mosc     7.625                USD    25.340
Saastopankkien Kesk     0.840 10/22/2035     EUR    70.169
Nederlandse Watersc     1.650  5/27/2061     EUR    66.344
Societe Wallonne de     1.066  9/18/2046     EUR    56.824
National Grid Elect     1.608  8/24/2040     GBP    57.453
Hypo Vorarlberg Ban     1.590  8/25/2050     EUR    53.354
Caisse des Depots e     1.075  9/15/2050     EUR    55.414
Deutsche Apotheker-     1.090 12/16/2039     EUR    62.878
RUSAL Bratsk OJSC       0.010  04/07/2026    RUB    73.620
Ville de Paris          0.464  8/20/2040     EUR    63.320
Agence France Local     0.570  9/20/2040     EUR    64.828
Kreditanstalt fuer      0.693  02/08/2050    EUR    56.504
Nederlandse Watersc     1.000 11/24/2050     EUR    60.438
Metropole de Lyon       0.376 12/22/2044     EUR    53.580
Agence France Local     0.330 12/20/2040     EUR    61.342
National Grid Elect     1.584  7/28/2056     GBP    72.925
Alteo Nyrt              2.450  10/08/2031    HUF    73.300
Thames Water Utilit     1.819  8/28/2049     GBP    65.979
Bayerische Landesba     1.100  1/26/2024     EUR    57.810
Market Epito Zrt        2.950 10/22/2029     HUF    68.000
Ukraine Government      8.520  11/10/2033    UAH    27.349
de Volksbank NV         0.831  7/19/2038     EUR    71.008
Societe Generale SA     3.300  07/08/2034    AUD    72.352
Ukraine Government      9.700  03/10/2032    UAH    32.408
BPCE SA                 2.250  3/13/2040     AUD    57.995
Caisse des Depots e     1.782  9/24/2048     EUR    70.052
Region Bretagne SCI     0.620  08/07/2037    EUR    68.604
Hypo Vorarlberg Ban     1.022  7/31/2034     EUR    68.786
Specialfastigheter      1.120  2/19/2044     SEK    63.419
Banque Internationa     1.010  12/12/2039    EUR    62.881
Norddeutsche Landes     1.090 11/15/2043     EUR    68.971
Caisse des Depots e     1.270  10/01/2051    EUR    57.837
Nitrogenmuvek Vegyi     7.000  5/14/2025     EUR    70.000
Eika Boligkreditt A     1.112  5/16/2039     EUR    73.815
Ukraine Government     12.500  4/27/2029     UAH    45.207
Cooperatieve Raboba     2.090 12/27/2047     EUR    74.683
UBS AG/London           1.600  4/18/2049     EUR    65.410
Citigroup Global Ma     0.430  8/15/2031     EUR    73.579
Rio Forte Investmen     3.900  07/10/2014    USD     2.576
Landeskreditbank Ba     1.236  5/22/2045     EUR    72.479
Natixis SA              1.150  1/23/2035     EUR    75.391
Ville de Paris          0.850  08/04/2051    EUR    52.018
Nederlandse Watersc     1.486  4/24/2052     EUR    69.014
Abengoa Abenewco 1      6.000  06/10/2022    EUR     0.454
SG Issuer SA            0.100  06/11/2029    NZD    75.054
Landesbank Hessen-T     1.806  05/11/2037    EUR    73.313
NRW Bank                1.085 10/26/2041     EUR    71.407
Societe Generale SA     3.310 11/29/2033     AUD    74.402
Rikshem AB              2.900  1/23/2035     AUD    72.005
Department of Loire     0.478 10/30/2040     EUR    62.648
Credit Agricole Cor     2.105 10/22/2035     USD    70.866
Region Bretagne SCI     0.544  12/07/2036    EUR    70.160
Nykredit Realkredit     1.182  1/17/2034     EUR    74.116
Ukraine Government     11.580  02/02/2028    UAH    47.869
Kreditanstalt fuer      1.030  12/06/2049    EUR    65.500
Landesbank Hessen-T     1.235  12/10/2049    EUR    63.569
Evraz PLC               5.250  04/02/2024    USD    68.793
Deutsche Pfandbrief     0.857  9/18/2037     EUR    64.616
State of North Rhin     1.467  06/12/2045    EUR    74.464
Communaute Francais     0.785  8/24/2050     EUR    51.560
Region Wallonne Bel     1.225  09/02/2120    EUR    37.558
Citigroup Global Ma     3.200  4/27/2051     AUD    55.810
Bulgaria Steel Fina    12.000  05/04/2013    EUR     0.216
Astana Finance BV       7.875  06/08/2010    EUR    16.000
LBI ehf                 7.431                USD     0.001
Caisse Francaise de     1.718  03/04/2049    EUR    72.534
Landesbank Hessen-T     2.400  3/22/2052     EUR    71.896
DZ HYP AG               0.205  06/05/2040    EUR    60.372
Region Wallonne Bel     1.300  6/16/2068     EUR    49.015
Region de Bruxelles     0.844 12/22/2047     EUR    53.883
Mox Telecom AG          7.250  11/02/2017    EUR     2.270
Landeskreditbank Ba     0.812 12/16/2060     EUR    52.459
Santander Internati     2.770  07/02/2035    USD    74.789
Nederlandse Watersc     1.370  3/23/2065     EUR    57.855
SG Issuer SA            2.700 11/28/2034     ZAR    44.145
Landesbank Hessen-T     1.510  04/03/2036    EUR    74.902
Raiffeisen Landesba     1.622  5/28/2054     EUR    67.619
DZ HYP AG               1.965  7/19/2058     EUR    71.171
Deutsche Pfandbrief     1.500  8/25/2041     EUR    75.355
Grand Delta Habitat     1.500  09/01/2049    EUR    60.966
Region Grupp Lizing    17.700 12/22/2027     RUB    65.000
Evocabank CJSC         11.000  9/28/2024     AMD     0.000
SkyGreen Buildings      3.000 12/29/2030     HUF    71.950
Societe Generale SA    16.000  07/03/2024    USD    30.200
TKK OOO                14.400 12/31/2033     RUB    62.000
Bank Severnyy Morsk    16.000                RUB    62.000
TMK PJSC                7.350  2/28/2025     RUB    60.150
Region Wallonne Bel     0.850  1/26/2071     EUR    39.798
Region Wallonne Bel     0.250 12/29/2036     EUR    67.638
Credit Agricole CIB     0.500  2/23/2033     EUR    74.344
Landesbank Saar         0.670  03/10/2034    EUR    74.130
Societe Generale SA     1.040  3/25/2041     EUR    63.577
Natixis SA              2.780  10/05/2036    AUD    67.717
Natixis SA              2.420  9/29/2035     AUD    67.326
ABN AMRO Bank NV        0.500  12/12/2039    EUR    66.211
Region Wallonne Bel     1.250  4/30/2055     EUR    52.760
Region Wallonne Bel     1.127  10/03/2036    EUR    74.464
Region Wallonne Bel     1.305  9/29/2041     EUR    67.553
Societe Generale SA     2.050  12/02/2035    USD    66.801
Region Wallonne Bel     1.272  10/03/2040    EUR    68.661
Russian Railways JS     8.420  5/30/2040     RUB    52.050
Federal Grid Co - R     7.690  4/27/2048     RUB    55.000
Ukraine Government      8.420  05/10/2034    UAH    26.655
Kingdom of Belgium      1.400  6/22/2053     EUR    65.297
Credit Agricole Cor     1.190  2/26/2040     EUR    64.087
Region Wallonne Bel     2.070  8/27/2049     EUR    73.773
HSBC Continental Eu     2.890  09/11/2039    AUD    64.493
Natixis SA              2.660  9/23/2036     AUD    66.691
State of Lower Aust     1.750  05/02/2047    EUR    73.442
Caisse des Depots e     1.410  5/21/2049     EUR    63.452
Thomas Cook Finance     3.875  7/15/2023     EUR     0.628
Natixis SA              4.530  3/16/2048     AUD    73.955
Natixis SA              3.550  11/12/2041    AUD    67.633
Natixis SA              3.300  11/04/2036    AUD    72.126
Region Wallonne Bel     0.591  02/10/2040    EUR    61.631
Natixis SA              3.600  11/11/2041    AUD    67.435
Natixis SA              3.600 11/16/2041     AUD    68.226
Ville de Rennes         0.505 10/22/2034     EUR    72.163
Natixis SA              2.530  8/30/2036     AUD    65.736
Natixis SA              3.080 10/25/2036     AUD    70.200
Alfa Bank AO Via Al     5.900                USD     9.709
Natixis SA              2.930  7/29/2051     AUD    52.839
Natixis SA              2.620  09/08/2036    AUD    66.418
LR Realkredit AS        0.500  10/01/2050    DKK    66.683
Societe Nationale S     3.190  4/19/2041     AUD    72.791
Hungary Government      4.000  4/28/2051     HUF    72.070
Region Wallonne Bel     1.000  6/22/2045     EUR    59.836
Landesbank Hessen-T     1.650  5/27/2030     EUR    48.068
Stichting Afwikkeli     8.450  8/20/2018     USD    43.625
Natixis SA              2.955  5/28/2050     USD    69.372
Region Wallonne Bel     0.808  6/24/2038     EUR    68.911
Natixis SA              2.810  7/24/2050     AUD    51.900
Region Wallonne Bel     1.240  5/28/2069     EUR    47.252
Region Wallonne Bel     0.050 10/26/2032     EUR    74.904
Region Wallonne Bel     1.890  5/22/2045     EUR    73.460
Raiffeisenlandesban     0.810  9/18/2034     EUR    69.271
Agence Francaise de     1.900 11/16/2048     EUR    74.925
BNG Bank NV             1.900  07/11/2058    EUR    71.748
Region Wallonne Bel     0.150  05/10/2035    EUR    70.481
Region Wallonne Bel     1.107  10/03/2036    EUR    74.228
Italy Buoni Polienn     0.950  03/01/2037    EUR    69.903
Hellas Telecommunic     8.500 10/15/2013     EUR     0.578
Vasutvillamosito Kf     3.000  02/03/2031    HUF    65.000
Leonteq Securities     15.000  8/21/2024     CHF    69.570
Infogroup Holding K     3.000  5/20/2031     HUF    73.800
Global Refuse Holdi     5.100  1/28/2032     HUF
Leonteq Securities      2.700  04/01/2026    EUR    43.080
LP Portfolio Vagyon     2.800 11/30/2030     HUF    73.700
Citigroup Global Ma     2.500  4/29/2025     EUR     1.550
Leonteq Securities     22.800  1/17/2024     CHF    63.790
Opus Global Nyrt        2.800 10/29/2029     HUF    70.000
Raiffeisen Switzerl    19.200  3/20/2024     CHF    58.110
Abroncs Kereskedoha     2.800 12/17/2027     HUF    74.000
Leonteq Securities     11.000  10/11/2024    CHF    63.250
Raiffeisen Switzerl     6.000  1/18/2024     CHF    52.640
Raiffeisen Switzerl    15.000  1/23/2024     CHF    39.540
Appeninn Holding        3.500 11/22/2029     HUF    74.300
Opus Global Nyrt        3.200  4/29/2031     HUF    71.000
SG Issuer SA            2.270  02/04/2032    EUR    67.840
DZ Bank AG Deutsche     6.000  3/22/2024     EUR    72.650
Region de Bruxelles     0.750  6/24/2042     EUR    62.008
BNP Paribas SA          1.010  10/05/2035    EUR    69.496
Agence Francaise de     2.330  02/10/2041    AUD    63.831
Norddeutsche Landes     0.825  03/12/2036    EUR    67.732
Kreditanstalt fuer      0.683  2/22/2051     EUR    58.212
Norddeutsche Landes     1.175  11/10/2036    EUR    69.671
Purple Protected As     2.060  3/30/2061     EUR    48.612
Norddeutsche Landes     1.000  05/12/2036    EUR    69.033
Kreditanstalt fuer      1.270  6/29/2051     EUR    68.449
Norddeutsche Landes     1.150  7/23/2036     EUR    70.057
Region de Bruxelles     0.829  07/02/2043    EUR    61.303
Liga Bank eG Regens     0.680  3/17/2036     EUR    70.789
Nederlandse Watersc     0.230 10/22/2035     EUR    73.334
Barclays Bank PLC       1.750  9/29/2032     USD    70.687
Department of Bouch     0.450 10/15/2041     EUR    60.377
Leonteq Securities     28.000  05/02/2024    CHF    55.040
Bayerische Landesba     2.350  2/23/2024     EUR    70.680
Norske Skogindustri     2.000 12/30/2115     EUR     0.367
DZ HYP AG               1.300  7/18/2041     EUR    73.394
DekaBank Deutsche G     2.140  5/18/2046     EUR    74.975
BPCE SFH SA             1.210  6/15/2039     EUR    73.029
United Kingdom Infl     0.125  3/22/2068     GBP    64.395
Norddeutsche Landes     1.200  9/18/2035     EUR    72.377
Agence France Local     0.550  6/20/2040     EUR    65.014
BNG Bank NV             0.680  03/04/2050    EUR    53.192
Erste Group Bank AG     0.950  05/05/2035    EUR    69.432
DZ Bank AG Deutsche     1.040  5/15/2034     EUR    75.453
Societe Du Grand Pa     1.149  04/08/2069    EUR    43.705
Region de Bruxelles     1.020  4/30/2060     EUR    44.199
Kreditanstalt fuer      0.480 11/19/2040     EUR    67.163
Region Bourgogne-Fr     0.397  12/03/2045    EUR    52.331
BNP Paribas Issuanc     2.420  1/30/2034     EUR    50.426
Norddeutsche Landes     1.600  4/14/2037     EUR    73.485
Purple Protected As     2.100  4/15/2060     EUR    44.879
Office Public De L'     1.700 12/22/2060     EUR    69.771
Kreditanstalt fuer      0.951  09/09/2050    EUR    61.695
Kreditanstalt fuer      0.918  10/11/2050    EUR    62.626
Kreditanstalt fuer      0.943  06/09/2050    EUR    63.469
Kreditanstalt fuer      0.880  12/07/2050    EUR    61.841
Kreditanstalt fuer      0.830  12/09/2050    EUR    61.355
Norddeutsche Landes     0.825  1/14/2036     EUR    68.097
United Kingdom Gilt     1.500  7/22/2047     GBP    57.711
State of Bremen         0.936  9/28/2046     EUR    62.849
Finca Uco Cjsc         12.500  6/21/2024     AMD     0.000
VTB Bank PJSC           3.750                EUR    41.000
Leonteq Securities     23.000  6/26/2024     CHF    62.350
Societe Generale SA    10.000  6/28/2034     USD    71.600
COFIDUR SA              0.100 12/31/2024     EUR    32.200
LP Portfolio Vagyon     3.400  9/23/2031     HUF    68.400
Epito-Es Epuletkarb     3.000  11/11/2030    HUF    65.500
Societe Generale SA     0.705  11/12/2035    EUR    68.340
Federal Grid Co - R     7.000  3/23/2050     RUB    55.000
BPCE SA                 2.255  03/12/2040    AUD    57.699
BPCE SA                 2.450  2/24/2035     AUD    69.948
Region de Bruxelles     1.500  08/02/2038    EUR    74.817
Regie Autonome des      1.905  07/06/2048    EUR    73.467
Ville de Paris          1.293  2/22/2049     EUR    61.849
BNG Bank NV             1.040 11/28/2047     EUR    63.375
State of Saxony-Anh     1.223  05/04/2046    EUR    74.195
BNG Bank NV             1.603  3/19/2048     EUR    72.329
Region de Bruxelles     1.620  4/30/2049     EUR    65.619
Region de Bruxelles     1.375  4/29/2039     EUR    72.306
BPCE SFH SA             1.512  4/20/2043     EUR    73.513
Norddeutsche Landes     1.250  12/03/2036    EUR    70.303
Credit Agricole Cor     2.650  1/29/2035     AUD    72.468
Batigere Grand Est      1.485 10/25/2039     EUR    72.082
Regie Autonome des      0.953  5/24/2052     EUR    55.792
Norddeutsche Landes     0.925  09/10/2036    EUR    67.550
Raiffeisenlandesban     1.900  8/21/2037     EUR    72.863
Land Thueringen         0.375  12/01/2051    EUR    49.088
Credit Agricole Cor    10.200 12/13/2027     TRY    52.128
Region de Bruxelles     0.796  07/02/2042    EUR    62.593
Batigere Grand Est      1.500 12/15/2051     EUR    59.457
Senvion Holding Gmb     3.875 10/25/2022     EUR     0.104
BNP Paribas SA          1.000  1/23/2040     MXN    24.459
Republic of Ireland     1.210 10/27/2111     EUR    48.690
Hypo Vorarlberg Ban     1.020  1/17/2035     EUR    67.509
City of Amsterdam N     0.490 12/16/2036     EUR    73.277
Raiffeisen-Landesba     0.180  10/10/2034    EUR    70.709
Barclays Bank PLC       3.100 12/13/2044     AUD    58.059
Region de Bruxelles     1.819  1/22/2048     EUR    70.342
Region de Bruxelles     0.731  8/25/2060     EUR    39.207
Communaute Francais     0.771  8/25/2050     EUR    49.998
Kreditanstalt fuer      1.143  4/15/2050     EUR    66.931
Norddeutsche Landes     1.150  06/10/2036    EUR    70.318
Deutsche Pfandbrief     0.480  5/19/2031     EUR    70.604
Kreditanstalt fuer      1.271  5/20/2051     EUR    68.534
Region de Bruxelles     1.472  4/29/2044     EUR    70.955
Cattles Ltd             8.125  07/05/2017    GBP     0.027
ECM Real Estate Inv     5.000  10/09/2011    EUR    15.375
Region de Bruxelles     0.980  01/10/2051    EUR    55.741
Erste Group Bank AG     1.110  6/17/2035     EUR    70.588
Kreditanstalt fuer      0.730  1/21/2050     EUR    60.418
Agence Metropolitai     0.500  07/07/2035    EUR    74.118
Assistance Publique     0.647  7/17/2040     EUR    65.378
Norddeutsche Landes     1.150  07/01/2036    EUR    70.176
Tonon Luxembourg SA     9.250  1/24/2020     USD     0.292
Kreditanstalt fuer      1.075 12/20/2049     EUR    66.250
Citigroup Global Ma     2.950  9/29/2041     AUD    61.111
Agence Francaise de     1.955 11/21/2053     EUR    73.099
Muenchener Hypothek     1.543 11/16/2048     EUR    70.865
Santander Consumer      9.520                NOK    58.383
Caisse des Depots e     1.930  03/06/2048    EUR    72.708
Kreditanstalt fuer      1.027  8/31/2046     EUR    68.559
Kreditanstalt fuer      0.902 11/16/2050     EUR    62.283
Banque Internationa     0.775 11/18/2032     EUR    74.304
Landesbank Baden-Wu     1.140  1/19/2061     EUR    50.497
Norddeutsche Landes     0.825  02/12/2036    EUR    67.886
Ameriabank CJSC        10.000  2/20/2025     AMD    10.300
Leonteq Securities     20.000  6/19/2024     CHF    62.190
Swissquote Bank SA     29.000  06/04/2024    CHF    76.340
RENE LEZARD Mode Gm     7.250 11/25/2017     EUR     0.165
MASTERPLAST Nyrt        2.900  8/25/2031     HUF    67.500
Futureal Developmen     3.500 11/16/2036     HUF    55.000
Otthon Centrum Hold     3.000  4/19/2031     HUF    73.800
TKK OOO                12.000  9/20/2046     RUB    60.100
Mercedes-Benz Manuf     1.500  3/16/2027     HUF    75.000
Republic of Ireland     1.190  10/07/2101    EUR    50.132
Republic of Ireland     1.230  6/23/2121     EUR    48.289
Liga Bank eG Regens     0.010  1/29/2036     EUR    66.884
Cooperatieve Raboba     2.481  2/26/2036     AUD    71.723
Societe Wallonne de     0.904 10/23/2047     EUR    53.399
Societe Wallonne de     0.894 10/23/2045     EUR    55.098
Jyske Realkredit A/     0.500  10/01/2053    DKK    65.303
Ukraine Government      6.000  1/22/2031     UAH    25.037
Denmark Government      0.250 11/15/2052     DKK    54.311
Caisse des Depots e     1.895  09/04/2048    EUR    70.897
Communaute Francais     2.041  04/12/2069    EUR    68.117
New World Resources     8.000  04/07/2020    EUR     0.105
Cooperatieve Raboba     1.850  3/29/2049     EUR    70.703
BNP Paribas SA          1.395  02/12/2035    EUR    75.092
Banca Popolare di S     1.590 12/30/2035     EUR    75.200
Republic of Ireland     1.180  5/25/2087     EUR    53.116
Lehman Brothers Tre    11.000  07/04/2011    CHF     0.100
Region Auvergne-Rho     0.800  5/22/2040     EUR    64.704
Agrokor dd              9.875  05/01/2019    EUR    15.000
Societe Wallonne de     0.948 10/23/2051     EUR    50.923
National Grid Elect     3.350  06/10/2036    AUD    75.210
Republic of Ireland     1.200  4/15/2120     EUR    46.910
Solarwatt GmbH          7.000  11/01/2015    EUR    15.500
Republic of Ireland     1.230  06/01/2120    EUR    48.689
Turkiye Government     10.280  9/15/2027     TRY    59.750
KPNQwest NV             7.125  06/01/2009    EUR     0.806
DZ Bank AG Deutsche    13.000  9/27/2024     EUR    72.790
DZ Bank AG Deutsche    17.900  9/27/2024     EUR    68.550
DZ Bank AG Deutsche    23.800  3/22/2024     EUR    72.460
DZ Bank AG Deutsche     9.900  7/26/2024     EUR    70.860
Leonteq Securities     15.300  08/07/2024    CHF    54.610
Zurcher Kantonalban     8.500  1/27/2025     EUR    73.770
UBS AG/London           7.250  08/05/2024    CHF    67.800
HSBC Trinkaus & Bur    17.600  9/27/2024     EUR    64.580
HSBC Trinkaus & Bur    15.100 12/30/2024     EUR    67.720
HSBC Trinkaus & Bur    12.500 12/30/2024     EUR    71.920
HSBC Trinkaus & Bur    17.800  9/27/2024     EUR    68.440
HSBC Trinkaus & Bur    16.100 12/30/2024     EUR    69.740
HSBC Trinkaus & Bur    15.900  3/28/2025     EUR    70.530
HSBC Trinkaus & Bur    15.000  3/28/2025     EUR    71.430
HSBC Trinkaus & Bur    13.300  6/27/2025     EUR    73.120
HSBC Trinkaus & Bur    17.700  7/26/2024     EUR    68.600
HSBC Trinkaus & Bur    17.100  8/23/2024     EUR    69.080
HSBC Trinkaus & Bur    15.600 11/22/2024     EUR    70.620
HSBC Trinkaus & Bur    15.100  9/27/2024     EUR    66.150
HSBC Trinkaus & Bur     7.700  3/28/2025     EUR    69.500
HSBC Trinkaus & Bur     6.300  7/26/2024     EUR    72.200
HSBC Trinkaus & Bur    19.100  9/27/2024     EUR    67.350
HSBC Trinkaus & Bur    17.800  9/27/2024     EUR    68.750
HSBC Trinkaus & Bur    16.900 12/30/2024     EUR    68.810
HSBC Trinkaus & Bur    16.000 12/30/2024     EUR    70.060
HSBC Trinkaus & Bur    15.200  3/28/2025     EUR    69.690
HSBC Trinkaus & Bur    14.400  3/28/2025     EUR    70.710
HSBC Trinkaus & Bur    12.800  3/28/2025     EUR    73.040
HSBC Trinkaus & Bur    17.200  8/23/2024     EUR    69.790
HSBC Trinkaus & Bur    15.600 11/22/2024     EUR    70.910
HSBC Trinkaus & Bur    14.100  9/27/2024     EUR    67.140
HSBC Trinkaus & Bur    11.400  9/27/2024     EUR    70.820
HSBC Trinkaus & Bur    13.500 12/30/2024     EUR    67.790
HSBC Trinkaus & Bur    12.800 12/30/2024     EUR    68.720
HSBC Trinkaus & Bur    10.500 12/30/2024     EUR    71.700
HSBC Trinkaus & Bur    12.600  3/28/2025     EUR    69.130
HSBC Trinkaus & Bur    11.900  3/28/2025     EUR    69.830
HSBC Trinkaus & Bur    10.100  3/28/2025     EUR    72.650
HSBC Trinkaus & Bur    12.700  8/23/2024     EUR    68.940
HSBC Trinkaus & Bur    11.700 11/22/2024     EUR    70.220
UniCredit Bank GmbH    17.000  3/22/2024     EUR    70.710
UniCredit Bank GmbH    15.700  6/28/2024     EUR    73.590
UniCredit Bank GmbH    18.000  6/28/2024     EUR    70.400
Vontobel Financial     15.250  6/28/2024     EUR    68.984
Raiffeisen Schweiz      4.000  9/27/2024     CHF    22.680
Landesbank Hessen-T     1.500 10/27/2036     EUR    63.550
Sberbank of Russia      0.010  9/21/2028     RUB    66.300
Landesbank Baden-Wu     2.600 10/24/2025     EUR    73.940
Landesbank Hessen-T     1.500  10/01/2036    EUR    68.500
Societe Generale SA    15.000 10/31/2024     USD    25.900
Societe Generale Ef    12.250  7/26/2024     EUR    72.270
Societe Generale Ef    11.000  7/26/2024     EUR    74.220
Societe Generale Ef    13.000  7/26/2024     EUR    71.830
Landesbank Baden-Wu     2.100 10/24/2025     EUR    70.930
Erste Group Bank AG     4.500  11/02/2025    EUR    32.500
Sberbank of Russia      0.010  10/05/2028    RUB    65.900
Landesbank Hessen-T     1.250  11/10/2036    EUR    69.150
Citigroup Global Ma     2.540  9/13/2024     EUR    50.770
Sberbank of Russia      0.010  10/03/2028    RUB    56.010
Sberbank of Russia      0.010  10/05/2026    RUB    73.010
DZ Bank AG Deutsche     6.250  9/25/2024     EUR    69.280
BNP Paribas Issuanc     1.200  08/12/2026    EUR    67.150
Bank Vontobel AG       20.500  11/04/2024    CHF    44.000
Leonteq Securities     24.000  8/14/2024     CHF    60.100
Leonteq Securities     22.000  8/14/2024     CHF    54.410
UBS AG/London           9.500  8/15/2029     EUR    69.430
Leonteq Securities     21.000  8/14/2024     CHF    68.660
Raiffeisen Switzerl    13.750  8/14/2024     CHF    69.030
Barclays Bank PLC       0.613 11/15/2024     USD     9.770
Leonteq Securities     27.000  5/30/2024     CHF    38.550
Leonteq Securities     28.000  5/30/2024     CHF    70.710
Leonteq Securities      8.000  8/26/2024     CHF    70.440
DZ Bank AG Deutsche    11.200  6/28/2024     EUR    70.570
DZ Bank AG Deutsche    15.000  6/28/2024     EUR    67.750
DZ Bank AG Deutsche    22.700  6/28/2024     EUR    60.540
DZ Bank AG Deutsche    12.600  6/28/2024     EUR    69.590
DZ Bank AG Deutsche    15.700  6/28/2024     EUR    65.600
UBS AG/London          10.000  5/27/2024     CHF    67.050
UBS AG/London           8.250  5/26/2025     CHF    74.500
UniCredit Bank GmbH    10.100 11/22/2024     EUR    72.580
UniCredit Bank GmbH     9.000 11/22/2024     EUR    74.660
Basler Kantonalbank    12.000  8/26/2024     CHF    73.250
UniCredit Bank GmbH    13.800  2/23/2024     EUR    68.860
UniCredit Bank GmbH    13.100  2/23/2024     EUR    70.350
UniCredit Bank GmbH    12.300  8/23/2024     EUR    62.910
UniCredit Bank GmbH    11.300  8/23/2024     EUR    64.770
UniCredit Bank GmbH    12.100  2/23/2024     EUR    71.340
UniCredit Bank GmbH     9.400 11/22/2024     EUR    71.210
UniCredit Bank GmbH    10.800  2/23/2024     EUR    60.390
UniCredit Bank GmbH     9.400  2/23/2024     EUR    62.900
UniCredit Bank GmbH    14.100  2/23/2024     EUR    55.620
UniCredit Bank GmbH    11.000 11/22/2024     EUR    65.360
UniCredit Bank GmbH     8.000 11/22/2024     EUR    74.420
UniCredit Bank GmbH    10.300  8/23/2024     EUR    66.830
UniCredit Bank GmbH    13.400  8/23/2024     EUR    59.550
UniCredit Bank GmbH    10.200 11/22/2024     EUR    68.930
UniCredit Bank GmbH    11.800 11/22/2024     EUR    65.270
UniCredit Bank GmbH     8.700 11/22/2024     EUR    73.570
UniCredit Bank GmbH    12.400  2/23/2024     EUR    57.590
UniCredit Bank GmbH    12.700 11/22/2024     EUR    62.050
UniCredit Bank GmbH     9.400  8/23/2024     EUR    67.240
UniCredit Bank GmbH    11.900  8/23/2024     EUR    72.650
Bank Vontobel AG       18.000  6/28/2024     CHF    65.800
Leonteq Securities     10.000 11/26/2024     CHF    52.730
Vontobel Financial      7.500  6/28/2024     EUR    65.073
Vontobel Financial     11.250  6/28/2024     EUR    55.392
Swissquote Bank SA     25.390  5/30/2024     CHF    69.210
Vontobel Financial     11.250  6/28/2024     EUR    66.660
Vontobel Financial     12.250  6/28/2024     EUR    56.020
Bank Vontobel AG       10.000  5/28/2024     CHF    30.100
Bank Vontobel AG        5.500  5/28/2024     CHF    64.300
Zurcher Kantonalban    10.000  5/23/2024     CHF    71.740
Raiffeisen Switzerl    10.700 10/18/2024     CHF    73.900
Vontobel Financial      9.000  3/22/2024     EUR    66.536
Finca Uco Cjsc         13.000  5/30/2025     AMD     0.000
Finca Uco Cjsc          7.500  5/30/2025     USD     5.248
Erste Group Bank AG     7.250  03/03/2026    EUR    23.600
EFG International F     4.750  1/29/2024     USD    52.170
SG Issuer SA            1.250  2/28/2033     EUR    52.390
BNP Paribas Emissio    13.000  6/27/2024     EUR    74.020
BNP Paribas Emissio    14.000  6/27/2024     EUR    71.780
Raiffeisen Schweiz      6.800  1/24/2024     CHF    58.300
Raiffeisen Schweiz      6.700  1/24/2024     CHF    14.010
Raiffeisen Schweiz      5.700  1/24/2024     CHF    70.240
Raiffeisen Schweiz      7.200  1/24/2024     CHF    74.500
Raiffeisen Schweiz      7.300  1/24/2024     CHF    70.650
Bank Vontobel AG       12.000  1/22/2024     EUR    60.600
BNP Paribas Issuanc     3.300  07/01/2030    EUR    74.610
Leonteq Securities      7.000  1/31/2024     CHF    14.170
Leonteq Securities      9.000  1/31/2024     CHF    59.160
Leonteq Securities      5.000  1/31/2024     CHF    70.960
Leonteq Securities      6.000  1/31/2024     USD    71.390
Leonteq Securities      7.000  1/31/2024     CHF    56.290
SG Issuer SA            1.750  3/17/2034     EUR    69.660
EFG International F     8.000  02/02/2024    CHF    64.460
Landesbank Hessen-T     3.000  03/10/2037    EUR    71.500
Sberbank of Russia      0.010  02/04/2027    RUB    66.900
Zurcher Kantonalban     5.100  1/31/2025     CHF    21.240
Zurcher Kantonalban     8.100  02/02/2024    CHF    73.950
Landesbank Hessen-T     1.000  03/09/2037    EUR    73.300
Leonteq Securities      6.000  02/07/2024    CHF    43.520
Raiffeisen Schweiz      5.500  02/07/2024    CHF    58.570
Leonteq Securities      7.000  02/07/2024    CHF    67.110
Bank Vontobel AG        6.200  02/02/2024    CHF    72.900
Vontobel Financial     13.000  6/28/2024     EUR    64.360
Vontobel Financial     19.500  3/22/2024     EUR    71.540
Vontobel Financial     15.000  6/28/2024     EUR    73.820
Vontobel Financial     22.500  6/28/2024     EUR    74.690
Vontobel Financial     23.500  3/22/2024     EUR    74.950
Vontobel Financial     24.000  6/28/2024     EUR    72.450
Vontobel Financial     22.000  6/28/2024     EUR    73.570
Vontobel Financial     25.000  6/28/2024     EUR    70.860
Vontobel Financial     22.500  6/28/2024     EUR    52.470
Vontobel Financial     19.500  6/28/2024     EUR    54.320
Vontobel Financial     21.500  3/22/2024     EUR    60.680
Vontobel Financial     17.000  3/22/2024     EUR    64.050
Vontobel Financial     16.000  6/28/2024     EUR    65.850
Vontobel Financial     24.000  3/22/2024     EUR    71.490
Vontobel Financial     11.000  3/22/2024     EUR    71.660
Vontobel Financial     19.500  6/28/2024     EUR    63.450
Vontobel Financial     10.000  6/28/2024     EUR    74.340
Raiffeisen Switzerl    16.000  06/12/2024    CHF    34.440
Raiffeisen Schweiz     20.000  06/12/2024    CHF    36.450
Raiffeisen Switzerl    10.500  09/09/2024    CHF    69.220
UBS AG/London          10.500  06/07/2024    EUR    65.750
Zurcher Kantonalban    17.500  06/07/2024    CHF    71.830
DZ Bank AG Deutsche     5.000  6/26/2024     EUR    75.200
DZ Bank AG Deutsche     5.250  9/25/2024     EUR    73.110
Bank Vontobel AG       21.000  06/10/2024    CHF    62.200
Basler Kantonalbank    16.000  6/14/2024     CHF    33.670
EFG International F    24.000  6/14/2024     CHF    31.240
Basler Kantonalbank    10.000 12/16/2024     CHF    70.440
Barclays Bank PLC       2.975  2/21/2025     USD     9.890
VTB Bank PJSC          18.750                RUB    70.110
Sberbank of Russia      0.010  2/26/2027     RUB    74.900
Leonteq Securities      6.000  2/28/2024     USD    74.940
Leonteq Securities      5.000  2/28/2024     CHF    74.960
Bank Vontobel AG       11.000  2/23/2024     CHF    10.600
Bank Vontobel AG       12.000  2/26/2024     CHF    58.900
UBS AG/London           6.750  3/18/2024     EUR    62.300
Zurcher Kantonalban     8.500  2/23/2024     CHF    70.210
Raiffeisen Schweiz      6.200  2/28/2024     CHF    74.820
Bank Vontobel AG        7.000  2/26/2024     CHF    61.400
Landesbank Hessen-T     1.000  3/17/2036     EUR    66.800
EFG International F     4.500  02/12/2024    USD    46.040
Nordea Bank Abp         2.000  3/25/2027     SEK    68.200
BNP Paribas Emissio     4.320  2/22/2024     EUR    60.730
Landesbank Baden-Wu     2.400  6/27/2025     EUR    58.500
Landesbank Baden-Wu     2.300  2/28/2025     EUR    63.890
Landesbank Baden-Wu     2.200  4/28/2025     EUR    65.010
Landesbank Baden-Wu     3.600  2/27/2026     EUR    69.900
DekaBank Deutsche G     2.000  8/30/2024     EUR    60.730
DekaBank Deutsche G     2.300  9/20/2024     EUR    57.590
DekaBank Deutsche G     2.100  02/02/2024    EUR    75.210
DekaBank Deutsche G     2.400  3/14/2025     EUR    69.900
DekaBank Deutsche G     2.600  3/14/2025     EUR    70.840
DekaBank Deutsche G     4.150  7/26/2024     EUR    53.130
Landesbank Baden-Wu     4.100  3/22/2024     EUR    71.140
Landesbank Baden-Wu     3.000  3/22/2024     EUR    72.990
Landesbank Baden-Wu     4.200  3/22/2024     EUR    67.620
Landesbank Baden-Wu     8.000  3/22/2024     EUR    71.220
Landesbank Baden-Wu     2.600  3/22/2024     EUR    72.800
Landesbank Baden-Wu     3.700  3/22/2024     EUR    65.770
Landesbank Baden-Wu     5.250  3/22/2024     EUR    58.820
Landesbank Baden-Wu     3.000  3/22/2024     EUR    48.810
Landesbank Baden-Wu     5.100  3/22/2024     EUR    39.920
Landesbank Baden-Wu     6.000  3/22/2024     EUR    71.920
Landesbank Baden-Wu     4.500  3/22/2024     EUR    65.020
Landesbank Baden-Wu     5.600  3/22/2024     EUR    60.930
Landesbank Baden-Wu     6.400  3/22/2024     EUR    76.370
Landesbank Baden-Wu     4.800  3/22/2024     EUR    72.140
UBS AG/London           7.640  4/20/2026     SEK    41.680
UBS AG/London           4.000  08/03/2026    SEK    67.680
Landesbank Hessen-T     2.000  03/10/2037    EUR    75.300
Bank Vontobel AG        6.500  03/01/2024    CHF    73.900
HSBC Trinkaus & Bur     8.400  3/22/2024     EUR    65.030
HSBC Trinkaus & Bur     6.200  6/28/2024     EUR    69.130
HSBC Trinkaus & Bur     5.700  2/23/2024     EUR    69.240
HSBC Trinkaus & Bur    12.300  3/22/2024     EUR    53.980
HSBC Trinkaus & Bur     8.100  9/27/2024     EUR    61.530
HSBC Trinkaus & Bur     6.400  9/27/2024     EUR    65.650
HSBC Trinkaus & Bur     5.000  9/27/2024     EUR    70.620
HSBC Trinkaus & Bur     8.300 12/30/2024     EUR    68.970
HSBC Trinkaus & Bur     7.500 12/30/2024     EUR    70.290
HSBC Trinkaus & Bur     9.400  3/22/2024     EUR    58.160
HSBC Trinkaus & Bur     6.700  3/22/2024     EUR    63.330
Leonteq Securities     14.000  07/03/2024    CHF    33.280
Leonteq Securities     24.000  07/03/2024    CHF    68.550
Raiffeisen Schweiz     10.000  6/28/2024     CHF    65.610
Zurcher Kantonalban     8.500  6/19/2024     CHF    72.540
Bank Vontobel AG        8.500 12/23/2024     CHF    69.500
Vontobel Financial     16.750  6/28/2024     EUR    67.260
Vontobel Financial      7.000  6/28/2024     EUR    68.039
Leonteq Securities     20.000  07/03/2024    CHF    34.770
Leonteq Securities     20.000  07/03/2024    CHF    68.560
Leonteq Securities     26.000  07/03/2024    CHF    35.500
Corner Banca SA        15.000  07/03/2024    CHF    66.130
Swissquote Bank SA     23.990  07/03/2024    CHF    66.300
Ardshinbank CJSC        9.750  07/03/2025    AMD     0.000
Zurcher Kantonalban    10.000  6/26/2024     CHF    73.380
Zurcher Kantonalban    10.000  6/26/2024     EUR    68.310
UniCredit Bank GmbH    10.500 12/31/2024     EUR    75.140
HSBC Trinkaus & Bur    18.700  9/27/2024     EUR    74.170
HSBC Trinkaus & Bur    17.200  3/22/2024     EUR    71.640
HSBC Trinkaus & Bur    16.800  9/27/2024     EUR    71.260
HSBC Trinkaus & Bur    16.300 12/30/2024     EUR    71.020
HSBC Trinkaus & Bur    15.200 12/30/2024     EUR    72.350
HSBC Trinkaus & Bur    16.800 12/30/2024     EUR    75.170
HSBC Trinkaus & Bur     8.600  9/27/2024     EUR    64.410
HSBC Trinkaus & Bur     6.700  9/27/2024     EUR    68.740
HSBC Trinkaus & Bur     6.200 12/30/2024     EUR    71.430
HSBC Trinkaus & Bur     5.100  3/28/2025     EUR    73.450
HSBC Trinkaus & Bur     6.200  1/26/2024     EUR    71.710
HSBC Trinkaus & Bur     6.000  8/23/2024     EUR    72.360
Landesbank Baden-Wu     7.500  6/27/2025     EUR    74.430
Landesbank Baden-Wu     8.500  6/27/2025     EUR    70.930
Landesbank Baden-Wu     8.900  6/27/2025     EUR    73.180
HSBC Trinkaus & Bur    16.200  8/23/2024     EUR    72.360
HSBC Trinkaus & Bur     7.500 12/30/2024     EUR    72.480
HSBC Trinkaus & Bur    15.200  3/22/2024     EUR    69.980
HSBC Trinkaus & Bur    10.500  9/27/2024     EUR    73.480
HSBC Trinkaus & Bur     9.900  3/22/2024     EUR    69.330
HSBC Trinkaus & Bur     8.300  9/27/2024     EUR    71.500
UBS AG/London          10.500 12/16/2024     CHF    51.200
DZ Bank AG Deutsche    17.900  6/28/2024     EUR    72.690
Leonteq Securities      9.000  9/16/2024     CHF    69.280
Leonteq Securities     23.400  6/19/2024     CHF    64.310
Bank Vontobel AG       10.250  08/05/2024    EUR    65.100
Bank Vontobel AG       15.000  02/05/2024    CHF    10.400
Bank Vontobel AG       12.000  02/05/2024    CHF    35.300
UniCredit Bank GmbH     7.250  03/07/2024    EUR    64.440
HSBC Trinkaus & Bur    26.800  3/22/2024     EUR    65.110
HSBC Trinkaus & Bur     6.200  6/28/2024     EUR    66.600
HSBC Trinkaus & Bur     6.200  2/23/2024     EUR    66.660
HSBC Trinkaus & Bur     4.400  2/23/2024     EUR    71.970
UBS AG/London          13.000  9/30/2024     CHF    20.120
Leonteq Securities     17.000  7/17/2024     EUR    57.900
UBS AG/London          10.250  07/05/2024    CHF    72.350
Leonteq Securities     26.000  4/17/2024     CHF    23.240
DZ Bank AG Deutsche     6.250  3/20/2024     EUR    75.050
DZ Bank AG Deutsche     5.500  6/26/2024     EUR    73.870
Raiffeisen Schweiz     16.000  4/18/2024     CHF    67.860
Raiffeisen Schweiz     16.500  4/18/2024     CHF    67.860
Luzerner Kantonalba     3.600  07/06/2026    EUR    41.950
Vontobel Financial     12.750  3/22/2024     EUR    60.775
EFG International F    15.000  07/12/2024    CHF    55.640
UBS AG/London           8.250  1/13/2025     CHF    72.250
UBS AG/London          25.000  07/12/2024    CHF    70.100
Corner Banca SA        13.000  04/03/2024    CHF    32.140
HSBC Trinkaus & Bur    24.900  2/23/2024     EUR    71.070
HSBC Trinkaus & Bur     4.600  6/28/2024     EUR    71.110
Societe Generale SA    24.000 11/14/2024     USD    54.300
Landesbank Hessen-T     1.500 12/16/2036     EUR    70.700
Landesbank Baden-Wu     3.000 11/28/2025     EUR    66.490
Bank Vontobel AG        6.250  05/07/2024    CHF    72.100
UniCredit Bank GmbH     3.350  8/30/2024     EUR    73.780
Landesbank Baden-Wu    10.000  01/03/2025    EUR    74.700
DZ Bank AG Deutsche     9.500  1/26/2024     EUR    71.880
DZ Bank AG Deutsche    11.300  1/26/2024     EUR    68.320
Leonteq Securities     27.000  2/16/2024     CHF    16.280
Leonteq Securities     19.000  2/16/2024     CHF    55.520
Bank Julius Baer &      9.300  5/17/2024     USD    67.000
HSBC Trinkaus & Bur    20.500  3/22/2024     EUR    65.270
HSBC Trinkaus & Bur    14.300  3/22/2024     EUR    71.460
HSBC Trinkaus & Bur    12.500  2/23/2024     EUR    76.510
UniCredit Bank GmbH     5.800  2/28/2024     EUR    72.650
Bank Vontobel AG        8.500  04/02/2024    CHF    30.900
Zurcher Kantonalban    12.350  6/24/2024     EUR    64.500
Societe Generale Ef    13.500  3/22/2024     EUR    67.850
Societe Generale Ef     8.750  3/22/2024     EUR    72.970
Societe Generale Ef    13.750  3/22/2024     EUR    62.680
Leonteq Securities     15.000  04/03/2024    CHF    30.340
UniCredit Bank GmbH    14.400  05/03/2024    EUR    69.560
Bank Vontobel AG       25.500  04/03/2024    CHF    22.400
Leonteq Securities     20.000  2/20/2024     CHF    19.430
Corner Banca SA        21.000  2/20/2024     CHF    56.750
Leonteq Securities     21.600  2/20/2024     CHF    19.710
Leonteq Securities     21.000  2/20/2024     CHF    57.090
Vontobel Financial     10.000  3/22/2024     EUR    49.442
Vontobel Financial     19.500  3/22/2024     EUR    61.620
Vontobel Financial     13.000  3/22/2024     EUR    71.080
Vontobel Financial     16.000  3/22/2024     EUR    65.830
Vontobel Financial     17.500  3/22/2024     EUR    72.020
Vontobel Financial     15.500  3/22/2024     EUR    75.120
Zurcher Kantonalban    12.500  2/14/2024     CHF    69.210
Zurcher Kantonalban    12.000  2/14/2024     CHF    37.080
UniCredit Bank GmbH     7.800  6/28/2024     EUR    72.790
UniCredit Bank GmbH     8.700  6/28/2024     EUR    69.450
UniCredit Bank GmbH     9.700  6/28/2024     EUR    67.120
UniCredit Bank GmbH    10.700  6/28/2024     EUR    64.760
UniCredit Bank GmbH    11.900  6/28/2024     EUR    62.720
UniCredit Bank GmbH    13.200  6/28/2024     EUR    60.920
UniCredit Bank GmbH    13.000  6/28/2024     EUR    74.610
UniCredit Bank GmbH    14.300  6/28/2024     EUR    71.700
UniCredit Bank GmbH    11.600  6/28/2024     EUR    72.480
UniCredit Bank GmbH    12.800  6/28/2024     EUR    70.080
UniCredit Bank GmbH    16.100  6/28/2024     EUR    70.760
UniCredit Bank GmbH    17.400  6/28/2024     EUR    68.220
Raiffeisen Switzerl    20.000  2/20/2024     CHF    56.880
Raiffeisen Switzerl    20.000  2/20/2024     CHF    19.500
Societe Generale Ef     8.750  1/26/2024     EUR    63.480
Societe Generale Ef    13.750  1/26/2024     EUR    54.600
Societe Generale Ef    13.000  1/26/2024     EUR    66.050
DZ Bank AG Deutsche     5.250  3/20/2024     EUR    59.560
DZ Bank AG Deutsche     5.000  6/26/2024     EUR    58.210
DZ Bank AG Deutsche     9.000  6/26/2024     EUR    74.960
Vontobel Financial     13.500  3/22/2024     EUR    71.040
Vontobel Financial     16.500  3/22/2024     EUR    65.960
Vontobel Financial     18.500  3/22/2024     EUR    63.780
Vontobel Financial     15.000  3/22/2024     EUR    68.450
Raiffeisen Switzerl    20.000  6/19/2024     CHF    63.160
Raiffeisen Switzerl    15.000  6/19/2024     CHF    59.950
Leonteq Securities     28.000  04/11/2024    CHF    23.960
Leonteq Securities     24.000  04/11/2024    CHF    59.610
Zurcher Kantonalban    16.000  6/14/2024     CHF    68.080
UBS AG/London          14.000  6/14/2024     USD    72.500
Raiffeisen Switzerl    10.800  6/27/2024     USD    59.290
DZ Bank AG Deutsche     5.500  1/24/2024     EUR    74.990
Bank Julius Baer &     10.160 12/30/2024     CHF    62.700
Sberbank of Russia      0.010  8/31/2028     RUB    64.600
HSBC Trinkaus & Bur    21.600  3/22/2024     EUR    62.710
HSBC Trinkaus & Bur    18.200  3/22/2024     EUR    71.140
HSBC Trinkaus & Bur    20.000  2/23/2024     EUR    66.950
HSBC Trinkaus & Bur    13.700  3/22/2024     EUR    73.280
HSBC Trinkaus & Bur    16.500  3/22/2024     EUR    70.920
UniCredit Bank GmbH     6.400  2/28/2024     EUR    74.800
Vontobel Financial      8.000  3/22/2024     EUR    59.084
Landesbank Baden-Wu     6.700  2/23/2024     EUR    75.990
Landesbank Baden-Wu    13.000  2/23/2024     EUR    72.350
Landesbank Baden-Wu     9.250  2/23/2024     EUR    66.090
Landesbank Baden-Wu    11.000  2/23/2024     EUR    72.980
Landesbank Baden-Wu    14.000  2/23/2024     EUR    65.290
Landesbank Baden-Wu    10.500  2/23/2024     EUR    58.400
Landesbank Baden-Wu    14.000  2/23/2024     EUR    49.660
Landesbank Baden-Wu    10.000  2/23/2024     EUR    74.950
Landesbank Baden-Wu     7.300  2/23/2024     EUR    69.290
Landesbank Baden-Wu    10.000  2/23/2024     EUR    63.330
Raiffeisen Schweiz      5.300  1/22/2024     CHF    70.950
UBS AG/London           4.500  9/16/2024     CHF    69.600
Zurcher Kantonalban     5.500  10/11/2024    CHF    74.340
Bank Vontobel AG        4.000  03/08/2024    CHF    68.800
UniCredit Bank GmbH    14.800  9/27/2024     EUR    73.080
Sberbank of Russia      0.010  11/02/2026    RUB    69.800
Sberbank of Russia      0.010  09/04/2026    RUB    73.510
Societe Generale SA     8.000  9/18/2036     USD    69.400
Societe Generale SA     8.760  09/05/2025    USD    71.310
Basler Kantonalbank     5.200  09/09/2024    CHF    70.470
Landesbank Baden-Wu     3.000  9/26/2025     EUR    59.040
Landesbank Hessen-T     1.000 10/14/2036     EUR    67.750
DekaBank Deutsche G     2.350  9/27/2024     EUR    44.420
Raiffeisen Schweiz      4.000  09/10/2024    CHF    57.130
Citigroup Global Ma     1.800 11/17/2036     EUR    67.230
Luzerner Kantonalba     9.700  10/01/2024    CHF    55.200
DekaBank Deutsche G     4.000  11/08/2024    EUR    54.690
Sberbank of Russia      0.010  11/02/2028    RUB    66.600
Landesbank Hessen-T     1.500  12/10/2036    EUR    69.650
Nordea Bank Abp         3.050  7/20/2027     SEK    72.750
Landesbank Hessen-T     1.200  9/17/2036     EUR    67.650
UniCredit Bank GmbH     6.150 10/21/2024     EUR    20.850
UniCredit Bank GmbH    10.300  9/27/2024     EUR    37.490
DekaBank Deutsche G     2.850  10/11/2024    EUR    68.830
Erste Group Bank AG     4.500  10/01/2025    EUR    24.100
Landesbank Baden-Wu     3.000  9/25/2026     EUR    70.250
Zurcher Kantonalban     8.500  8/19/2024     CHF    54.790
Leonteq Securities     24.000  04/03/2024    CHF    22.240
Zurcher Kantonalban    11.500  3/27/2024     EUR    66.300
Leonteq Securities     22.000  04/03/2024    CHF    32.170
Leonteq Securities      9.500  10/03/2024    CHF    68.240
Vontobel Financial      8.250  3/22/2024     EUR    59.402
Landesbank Baden-Wu     7.800  9/27/2024     EUR    70.890
Vontobel Financial      5.750  3/26/2024     EUR    59.541
Leonteq Securities      8.400  2/24/2025     CHF    66.680
Leonteq Securities     18.000  2/27/2024     CHF    29.740
Swissquote Bank SA     21.400  2/27/2024     CHF    56.940
Leonteq Securities     22.000  2/27/2024     CHF    20.300
UniCredit Bank GmbH     4.700  4/13/2026     EUR    73.150
Raiffeisen Switzerl    15.000  2/27/2024     CHF    49.630
Raiffeisen Switzerl    19.500  2/27/2024     CHF    56.880
Raiffeisen Switzerl    14.000  2/27/2024     CHF    44.000
Zurcher Kantonalban    14.000  8/21/2024     CHF    73.390
Swissquote Bank SA     13.230  2/27/2024     CHF    42.200
Nordea Bank Abp         1.700  2/27/2028     SEK    67.230
Finca Uco Cjsc         12.000  02/10/2025    AMD     0.000
Bank Vontobel AG        6.250  03/11/2025    CHF    56.500
Bank Julius Baer &     14.900  2/28/2024     CHF    43.950
Bank Julius Baer &      8.850  2/28/2024     CHF    66.550
Bank Vontobel AG        7.500  03/11/2024    CHF    61.400
Bank Vontobel AG       21.000  2/26/2024     CHF    19.600
UniCredit Bank GmbH    24.700  6/28/2024     EUR    69.600
Zurcher Kantonalban    16.500  3/27/2024     CHF    43.910
Corner Banca SA        24.000  04/03/2024    CHF    22.460
Vontobel Financial     21.000  3/22/2024     EUR    55.640
Vontobel Financial     17.000  3/22/2024     EUR    60.720
Vontobel Financial     15.000  3/22/2024     EUR    71.571
Zurcher Kantonalban    17.750  2/20/2024     CHF    77.190
Bank Vontobel AG       10.000  03/04/2024    EUR    50.600
DekaBank Deutsche G     4.100  04/02/2026    EUR    70.570
UniCredit Bank GmbH     9.200  6/28/2024     EUR    74.870
UniCredit Bank GmbH    10.400  6/28/2024     EUR    70.870
UniCredit Bank GmbH    11.100  6/28/2024     EUR    68.930
UniCredit Bank GmbH    17.900  6/28/2024     EUR    67.790
UniCredit Bank GmbH     9.500  6/28/2024     EUR    57.860
UniCredit Bank GmbH    11.800  6/28/2024     EUR    52.530
UniCredit Bank GmbH    12.600  6/28/2024     EUR    51.080
UniCredit Bank GmbH    11.100  6/28/2024     EUR    72.580
UniCredit Bank GmbH    18.100  6/28/2024     EUR    73.460
Societe Generale Ef    12.750  2/23/2024     EUR    67.770
Societe Generale Ef     8.500  2/23/2024     EUR    69.180
Corner Banca SA        16.000  2/27/2024     CHF    64.980
Swissquote Bank SA     17.200  2/27/2024     CHF    43.080
UniCredit Bank GmbH    12.100  6/28/2024     EUR    69.590
UniCredit Bank GmbH    14.200  6/28/2024     EUR    64.750
UniCredit Bank GmbH    11.700  6/28/2024     EUR    67.250
UniCredit Bank GmbH    12.400  6/28/2024     EUR    65.730
UniCredit Bank GmbH    16.500  6/28/2024     EUR    70.810
UniCredit Bank GmbH    19.500  6/28/2024     EUR    72.470
UniCredit Bank GmbH    11.000  6/28/2024     EUR    54.130
UniCredit Bank GmbH    13.500  6/28/2024     EUR    49.790
UniCredit Bank GmbH    16.900  6/28/2024     EUR    58.010
Societe Generale Ef    13.500  2/23/2024     EUR    58.880
Leonteq Securities     19.000  5/24/2024     CHF    30.160
Raiffeisen Switzerl     9.000  2/24/2025     EUR    73.880
Raiffeisen Switzerl     8.500  8/28/2024     CHF    71.110
DekaBank Deutsche G     3.350  04/05/2024    EUR    70.400
Leonteq Securities      8.000  03/11/2024    CHF    18.530
Inecobank CJSC          9.600  6/16/2024     AMD     0.000
Vontobel Financial     13.500  3/22/2024     EUR    67.330
Vontobel Financial     16.000  3/22/2024     EUR    54.140
Vontobel Financial     16.000  3/22/2024     EUR    64.725
Vontobel Financial     14.500  3/22/2024     EUR    68.250
Vontobel Financial     21.750  3/22/2024     EUR    26.300
Vontobel Financial     20.750  3/22/2024     EUR    69.442
Vontobel Financial     22.500  3/22/2024     EUR    71.510
Vontobel Financial     21.500  3/22/2024     EUR    50.895
Vontobel Financial     21.000  3/22/2024     EUR    59.730
Vontobel Financial     17.500  3/22/2024     EUR    63.610
Vontobel Financial     11.000  3/22/2024     EUR    69.820
Vontobel Financial     11.750  3/22/2024     EUR    62.775
Ameriabank CJSC         9.500  3/13/2024     AMD     0.000
Raiffeisen Schweiz      6.400  03/04/2024    CHF    73.450
Raiffeisen Schweiz      7.300  03/04/2024    CHF    44.100
UniCredit Bank GmbH    13.200  6/28/2024     EUR    67.060
UniCredit Bank GmbH     9.800  6/28/2024     EUR    72.800
UniCredit Bank GmbH    13.100  6/28/2024     EUR    64.310
UniCredit Bank GmbH    15.000  6/28/2024     EUR    73.960
UniCredit Bank GmbH    19.400  6/28/2024     EUR    65.340
UniCredit Bank GmbH    10.200  6/28/2024     EUR    55.890
UniCredit Bank GmbH    14.700  6/28/2024     EUR    63.190
UniCredit Bank GmbH    15.800  6/28/2024     EUR    60.440
UniCredit Bank GmbH    18.000  6/28/2024     EUR    55.880
Sberbank of Russia      0.010  9/21/2026     RUB    71.800
Bank Julius Baer &      8.000  10/11/2024    CHF    72.400
Landesbank Baden-Wu     6.300  4/26/2024     EUR    68.340
Armenian Economy De    11.000  10/03/2025    AMD     0.000
DZ Bank AG Deutsche    10.300  4/26/2024     EUR    59.390
Citigroup Global Ma    14.650  7/22/2024     HKD    35.645
Landesbank Baden-Wu     9.250  4/26/2024     EUR    64.750
Landesbank Baden-Wu     9.850  4/26/2024     EUR    73.440
BNP Paribas Emissio    15.000  6/27/2024     EUR    69.720
Raiffeisen Switzerl     6.000  10/07/2024    CHF    49.100
UniCredit Bank GmbH    11.100  3/22/2024     EUR    64.380
UniCredit Bank GmbH    13.800  3/22/2024     EUR    59.750
Raiffeisen Switzerl    20.000  07/10/2024    CHF    66.980
DZ Bank AG Deutsche     5.000  9/25/2024     EUR    73.720
Leonteq Securities     22.000  4/17/2024     CHF    32.410
Swissquote Bank SA     21.550  4/17/2024     CHF    64.880
Zurcher Kantonalban     8.000  04/05/2024    CHF    74.670
Raiffeisen Schweiz     15.500  04/11/2024    CHF    57.210
Raiffeisen Switzerl     8.100  1/13/2025     CHF    75.300
Bank Vontobel AG        5.250  06/10/2024    CHF    55.000
Leonteq Securities      6.400  02/10/2025    CHF    66.080
Bank Julius Baer &      8.150  02/09/2024    EUR    55.150
Bank Julius Baer &      8.350  02/09/2024    EUR    61.300
Bank Julius Baer &     10.500  02/09/2024    EUR    61.200
Landesbank Baden-Wu     9.250  3/22/2024     EUR    42.030
Landesbank Baden-Wu    12.500  3/22/2024     EUR    35.070
UBS AG/London          18.750  4/15/2024     CHF    23.300
Landesbank Baden-Wu    12.000  4/26/2024     EUR    74.760
Landesbank Baden-Wu     9.750  4/26/2024     EUR    71.220
UniCredit Bank GmbH    17.700  3/22/2024     EUR    71.870
UniCredit Bank GmbH    15.200  6/28/2024     EUR    65.860
Leonteq Securities     18.000  4/17/2024     CHF    70.150
Landesbank Baden-Wu     6.900  4/26/2024     EUR    70.270
UniCredit Bank GmbH    18.500  3/22/2024     EUR    70.330
UniCredit Bank GmbH    10.600  6/28/2024     EUR    66.410
UniCredit Bank GmbH    16.900  3/22/2024     EUR    62.260
Leonteq Securities     20.000  02/09/2024    CHF    42.610
Landesbank Baden-Wu     7.800  3/22/2024     EUR    46.830
Landesbank Baden-Wu    11.000  3/22/2024     EUR    38.110
Leonteq Securities     24.000  02/09/2024    EUR    61.650
Landesbank Baden-Wu     8.500  3/22/2024     EUR    69.960
Bank Vontobel AG       19.000  04/03/2024    CHF    62.200
Zurcher Kantonalban    12.000  3/28/2024     CHF    71.130
UniCredit Bank GmbH     9.100  3/22/2024     EUR    73.890
UniCredit Bank GmbH    10.400  3/22/2024     EUR    70.270
UniCredit Bank GmbH    12.000  3/22/2024     EUR    67.550
UniCredit Bank GmbH    13.800  3/22/2024     EUR    64.920
UniCredit Bank GmbH    13.600  3/22/2024     EUR    75.680
UniCredit Bank GmbH    15.400  3/22/2024     EUR    72.000
Vontobel Financial     20.500  3/22/2024     EUR
Vontobel Financial     20.000  3/22/2024     EUR    70.140
Vontobel Financial     24.500  3/22/2024     EUR    64.040
UniCredit Bank GmbH    16.200  3/22/2024     EUR    74.290
UniCredit Bank GmbH    18.300  3/22/2024     EUR    70.530
UniCredit Bank GmbH    13.400  3/22/2024     EUR    71.360
Raiffeisen Schweiz     20.000  04/03/2024    CHF    23.270
Zurcher Kantonalban    10.150  8/19/2024     EUR    55.180
Leonteq Securities     22.000  2/23/2024     CHF    54.680
Vontobel Financial     22.500  3/22/2024     EUR    50.070
Vontobel Financial     22.500  3/22/2024     EUR    66.950
Vontobel Financial     21.500  3/22/2024     EUR    50.980
Vontobel Financial     20.000  3/22/2024     EUR
Vontobel Financial     23.000  3/22/2024     EUR    71.270
Raiffeisen Schweiz     18.000  04/03/2024    CHF    62.790
Landesbank Baden-Wu     9.700  8/23/2024     EUR    65.530
Zurcher Kantonalban    13.000  1/30/2024     CHF    54.530
Zurcher Kantonalban    10.000  1/30/2024     USD    68.340
Leonteq Securities     20.000  02/02/2024    CHF    35.910
Leonteq Securities     20.000  02/06/2024    CHF    62.510
Leonteq Securities     23.500  02/02/2024    CHF    11.740
Bank Julius Baer &     14.750  02/02/2024    EUR    43.100
DZ Bank AG Deutsche    23.600  3/22/2024     EUR    49.830
Landesbank Baden-Wu     7.650  8/23/2024     EUR    70.160
DZ Bank AG Deutsche    20.200  3/22/2024     EUR    54.390
UniCredit Bank GmbH    14.800  3/22/2024     EUR    65.830
UniCredit Bank GmbH    15.500  3/22/2024     EUR    54.650
UniCredit Bank GmbH    14.200  6/28/2024     EUR    58.070
UniCredit Bank GmbH    13.900  3/22/2024     EUR    56.610
UniCredit Bank GmbH    16.400  3/22/2024     EUR    73.060
Leonteq Securities     28.000  06/05/2024    CHF    32.330
Leonteq Securities      9.000  12/02/2024    CHF    73.260
Leonteq Securities     24.000  06/05/2024    CHF    67.000
Vontobel Financial     11.000  6/28/2024     EUR    68.000
Zurcher Kantonalban     5.700 11/26/2024     CHF    72.200
Vontobel Financial      8.000  6/28/2024     EUR    66.984
Corner Banca SA        13.000  09/05/2024    CHF    66.880
UniCredit Bank GmbH    13.000  6/28/2024     EUR    59.800
UniCredit Bank GmbH    13.900  6/28/2024     EUR    67.920
Vontobel Financial     11.500  6/28/2024     EUR    64.720
DekaBank Deutsche G     2.100 11/22/2024     EUR    62.930
UniCredit Bank GmbH    15.200  3/22/2024     EUR    48.480
UniCredit Bank GmbH    23.600  6/28/2024     EUR    71.490
UniCredit Bank GmbH    12.300  04/04/2024    EUR    68.210
UBS AG/London          10.750  03/03/2025    CHF    71.350
Leonteq Securities      7.000  3/18/2024     CHF    37.690
Leonteq Securities     21.000  01/03/2025    CHF    72.960
DZ Bank AG Deutsche     6.250  9/25/2024     EUR    75.320
Raiffeisen Schweiz      5.800  02/07/2024    CHF    72.120
UniCredit Bank GmbH     4.900  03/10/2025    EUR    67.590
Bank Vontobel AG        7.500  02/05/2024    CHF    59.400
Landesbank Hessen-T     2.000  3/16/2037     EUR    72.600
Citigroup Global Ma     7.800  4/19/2027     EUR    66.760
Raiffeisen Schweiz      6.200  04/04/2024    CHF    66.640
Bank Vontobel AG        9.000  04/03/2024    EUR    57.700
UBS AG/London          16.000  04/01/2024    USD    70.150
Leonteq Securities      7.000  04/11/2024    CHF    56.280
Leonteq Securities      6.000  04/11/2024    CHF    59.230
SG Issuer SA            1.600  4/21/2034     EUR    72.750
Nordea Bank Abp         2.000  4/29/2027     SEK    58.000
Raiffeisen Switzerl     5.400  04/11/2024    EUR    66.640
Raiffeisen Schweiz      5.900  04/11/2024    CHF    67.170
UBS AG/London          17.400  4/14/2027     SEK    61.320
UBS AG/London          14.250  04/08/2024    USD    53.650
UBS AG/London          18.000  04/08/2024    CHF    51.350
UBS AG/London          10.750  04/08/2024    CHF    71.000
BNP Paribas Emissio     3.000  4/21/2026     EUR    75.450
Landesbank Baden-Wu     3.000  6/26/2026     EUR    70.250
Ardshinbank CJSC        4.000  07/12/2024    USD     2.900
UBS AG/London          18.000  4/15/2024     USD    64.200
UBS AG/London          12.000  4/24/2025     USD    62.830
National Mortgage C     8.500  03/04/2024    AMD     0.000
DekaBank Deutsche G     4.300  4/26/2024     EUR    57.630
UniCredit Bank GmbH     5.400  4/30/2024     EUR    49.320
DekaBank Deutsche G     3.100  4/26/2024     EUR    71.410
Leonteq Securities      7.000  02/09/2024    CHF    54.230
Credit Suisse AG/Lo    28.000  9/23/2024     USD     2.550
Landesbank Baden-Wu     3.000  2/27/2026     EUR    71.380
Bank Julius Baer &      5.750  02/12/2024    CHF    58.900
Leonteq Securities      5.200  2/14/2024     EUR    74.330
Leonteq Securities      8.000  2/14/2024     CHF    60.720
Leonteq Securities      5.000  2/14/2024     CHF    74.000
Leonteq Securities      6.000  2/14/2024     CHF    60.990
Alfa-Bank AO           10.200  02/10/2025    RUB    65.000
Landesbank Baden-Wu     3.000  2/27/2026     EUR    63.070
Landesbank Baden-Wu     3.000  2/27/2026     EUR    47.900
Bank Vontobel AG       10.750  02/12/2024    CHF    60.900
UBS AG/London           6.250  03/04/2024    CHF    57.900
UBS AG/London           7.750  03/04/2024    USD    74.350
UBS AG/London           5.250  03/04/2024    EUR    64.200
Raiffeisen Schweiz      6.700  2/14/2024     CHF    74.220
Luzerner Kantonalba     8.000  2/14/2024     CHF    60.410
SG Issuer SA            0.300  2/16/2032     EUR    28.330
Bank Vontobel AG        5.750  2/16/2024     CHF    71.300
HSBC Trinkaus & Bur    17.000  6/28/2024     EUR    70.830
UniCredit Bank GmbH    13.400  2/23/2024     EUR    70.280
Raiffeisen Switzerl    10.000  4/16/2024     USD    52.240
Citigroup Global Ma     2.560  4/29/2025     EUR    26.970
Landesbank Baden-Wu     3.000  4/23/2027     EUR    67.370
Landesbank Baden-Wu     4.000  4/23/2027     EUR    63.710
Landesbank Baden-Wu     3.100  4/23/2027     EUR    65.110
Sberbank of Russia      0.010  04/06/2026    RUB    72.030
UBS AG/London           9.250  04/08/2026    EUR    50.990
Landesbank Hessen-T     1.900  05/12/2036    EUR    69.150
Landesbank Hessen-T     1.750  5/19/2036     EUR    69.700
Landesbank Baden-Wu     3.400  6/27/2025     EUR    68.660
Landesbank Baden-Wu     4.200  6/27/2025     EUR    67.540
Luzerner Kantonalba     5.100 10/16/2026     USD    63.080
Raiffeisen Schweiz      6.100  2/21/2024     CHF    73.370
Raiffeisen Schweiz      7.200  2/21/2024     CHF    61.340
Landesbank Baden-Wu     3.100  2/26/2027     EUR    67.410
Leonteq Securities      8.000  2/22/2024     CHF    58.160
UBS AG/London          14.750  03/11/2024    CHF    62.950
UBS AG/London          16.000  03/11/2024    CHF    11.180
UBS AG/London          12.250  03/11/2024    CHF    10.600
UBS AG/London          12.250  03/11/2024    EUR    36.100
Landesbank Baden-Wu     2.500  7/24/2026     EUR    63.680
VTB Bank PJSC           0.010 11/25/2026     RUB    62.020
Landesbank Hessen-T     1.500  02/10/2037    EUR    70.650
SG Issuer SA            2.000 12/22/2036     EUR    65.170
Ardshinbank CJSC        9.250  02/08/2025    AMD     0.000
Basler Kantonalbank     6.000  1/19/2024     CHF    70.080
UBS AG/London           7.750  1/26/2024     CHF    71.450
UBS AG/London           7.000  1/26/2024     CHF    71.800
UBS AG/London           6.000  1/26/2024     CHF    68.050
Vontobel Financial      4.600  1/30/2024     EUR    54.750
Landesbank Hessen-T     1.000  04/03/2035    EUR    69.750
Landesbank Hessen-T     1.000  4/30/2035     EUR    73.800
Landesbank Hessen-T     1.000  04/09/2035    EUR    71.700
Landesbank Baden-Wu     2.000  8/22/2025     EUR    69.470
Landesbank Baden-Wu     3.250  8/22/2025     EUR    52.910
Erste Group Bank AG     4.500  8/31/2025     EUR    52.300
Landesbank Baden-Wu     2.400  8/22/2025     EUR    74.180
DZ Bank AG Deutsche     1.620  6/25/2031     EUR    75.040
Sberbank of Russia      0.010  08/03/2028    RUB    64.800
DekaBank Deutsche G     3.100  8/30/2024     EUR    63.790
DekaBank Deutsche G     3.650  8/30/2024     EUR    19.050
Societe Generale SA     7.000  8/29/2024     USD    56.400
Sintekom TH OOO        13.000  1/23/2025     RUB    16.800
UniCredit Bank GmbH     3.600  09/02/2024    EUR    24.410
BrokerCreditService     3.500  4/30/2024     USD    53.000
Erste Group Bank AG     5.250  1/31/2026     EUR    38.300
Sberbank of Russia      0.010  12/11/2026    RUB    69.600
Morgan Stanley & Co     0.018 12/14/2026     EUR    57.420
Sberbank of Russia      0.010  7/24/2028     RUB    65.900
Societe Generale SA    16.260  08/01/2024    USD    40.200
Landesbank Baden-Wu     2.250  8/22/2025     EUR    73.690
Landesbank Baden-Wu     4.000  8/22/2025     EUR    69.830
DekaBank Deutsche G     4.000  09/01/2025    EUR    21.020
Societe Generale SA    15.000  8/30/2024     USD    17.000
Landesbank Baden-Wu     3.100  8/28/2026     EUR    70.400
BrokerCreditService     8.000  1/30/2024     USD    62.170
Landesbank Hessen-T     1.000  9/16/2036     EUR    66.450
Sberbank of Russia      0.010 12/21/2026     RUB    67.210
DekaBank Deutsche G     6.600  1/17/2025     EUR    29.760
DZ Bank AG Deutsche    14.700  9/27/2024     EUR    73.660
Leonteq Securities     28.000  8/21/2024     CHF    73.490
Leonteq Securities     20.000  8/21/2024     CHF    69.940
Raiffeisen Schweiz     20.000  08/07/2024    CHF    61.770
DZ Bank AG Deutsche    17.000  3/22/2024     EUR    67.300
DZ Bank AG Deutsche    26.000  3/22/2024     EUR    56.410
DZ Bank AG Deutsche    16.000  6/28/2024     EUR    70.730
UniCredit Bank GmbH    17.300  3/22/2024     EUR    68.230
UniCredit Bank GmbH    19.000  3/22/2024     EUR    65.540
UniCredit Bank GmbH    18.200  6/28/2024     EUR    69.400
UniCredit Bank GmbH    19.500  6/28/2024     EUR    67.390
UniCredit Bank GmbH    18.500 12/31/2024     EUR    72.020
UniCredit Bank GmbH    19.300 12/31/2024     EUR    70.780
DZ Bank AG Deutsche    15.750  6/26/2024     EUR    71.470
Leonteq Securities     19.000  08/07/2024    CHF    74.270
Vontobel Financial     12.000  02/09/2024    EUR    65.820
Leonteq Securities     22.000  08/07/2024    CHF    43.550
Bank Vontobel AG        8.250 12/23/2024     CHF    68.600
Leonteq Securities      6.000  05/10/2024    CHF    59.530
Leonteq Securities      5.200  05/10/2024    EUR    69.800
Leonteq Securities      5.000  05/10/2024    CHF    70.130
Raiffeisen Schweiz      8.200  02/06/2024    CHF    65.280
Luyser CJSC             9.500 11/23/2024     AMD     0.000
DekaBank Deutsche G     3.900  06/09/2026    EUR    61.860
Leonteq Securities      8.000  5/16/2024     CHF    74.380
UBS AG/London          17.040  5/26/2027     SEK    74.740
DZ Bank AG Deutsche     7.000  6/26/2024     EUR    65.190
DZ Bank AG Deutsche    14.250  6/26/2024     EUR    70.830
DZ Bank AG Deutsche     6.750  3/20/2024     EUR    58.800
Vontobel Financial     21.000  6/28/2024     EUR    67.300
Vontobel Financial     23.500  6/28/2024     EUR    66.920
Vontobel Financial     25.000  3/22/2024     EUR    65.070
Vontobel Financial     23.000  3/22/2024     EUR    67.830
Vontobel Financial      9.500  3/22/2024     EUR    74.230
Vontobel Financial     20.500  6/28/2024     EUR    72.340
Vontobel Financial     11.500  6/28/2024     EUR    69.620
Vontobel Financial     10.500  6/28/2024     EUR    71.770
Vontobel Financial     20.000  3/22/2024     EUR    60.510
Vontobel Financial     24.500  3/22/2024     EUR    57.750
Vontobel Financial     16.000  3/22/2024     EUR    63.870
Vontobel Financial     23.500  3/22/2024     EUR    50.240
Vontobel Financial     19.000  6/28/2024     EUR    70.180
Zurcher Kantonalban    15.500  2/27/2024     CHF    68.480
Bank Vontobel AG        9.750  03/01/2024    EUR    69.000
Leonteq Securities     11.020  03/06/2025    CHF    74.340
UniCredit Bank GmbH    16.800  6/28/2024     EUR    65.230
Swissquote Bank SA     15.400  03/06/2024    CHF    68.030
Zurcher Kantonalban    24.000  03/01/2024    USD    35.440
Zurcher Kantonalban    11.500  03/01/2024    CHF    52.370
BNP Paribas Emissio    11.000  3/21/2024     EUR    60.090
BNP Paribas Emissio    12.000  3/21/2024     EUR    56.160
UniCredit Bank GmbH    17.800  6/28/2024     EUR    63.150
UniCredit Bank GmbH    19.000  6/28/2024     EUR    70.620
Raiffeisen Switzerl    14.000  03/06/2024    CHF    29.090
UniCredit Bank GmbH    14.200  2/23/2024     EUR    63.750
UniCredit Bank GmbH    14.700  8/23/2024     EUR    71.170
UniCredit Bank GmbH    14.500 11/22/2024     EUR    73.330
UniCredit Bank GmbH    14.500  2/28/2025     EUR    73.660
Leonteq Securities     24.000  09/04/2024    CHF    77.770
Swissquote Bank SA     27.700  09/04/2024    CHF    49.310
UniCredit Bank GmbH    19.100  3/22/2024     EUR    60.280
UniCredit Bank GmbH    19.400  6/28/2024     EUR    62.730
UniCredit Bank GmbH    19.100 12/31/2024     EUR    66.900
UniCredit Bank GmbH    20.000 12/31/2024     EUR    66.070
HSBC Trinkaus & Bur    15.500  6/27/2025     EUR    62.850
Zurcher Kantonalban     7.000  2/27/2024     CHF    71.840
Bank Vontobel AG        7.500  03/01/2024    EUR    57.800
Swissquote Bank SA     22.760  03/06/2024    CHF    31.550
Leonteq Securities     19.000  06/03/2024    CHF    56.270
Leonteq Securities     10.000  03/06/2024    CHF    58.750
Leonteq Securities     16.000  03/06/2024    CHF    60.400
Bank Vontobel AG       17.250  3/22/2024     CHF    56.700
IDBank CJSC             4.000  3/21/2024     USD     0.000
Bank Vontobel AG        5.500  05/07/2024    CHF    68.200
Bank Vontobel AG        6.500  05/07/2024    CHF    68.700
Raiffeisen Schweiz      7.400  02/06/2024    CHF    65.020
Raiffeisen Schweiz      6.000  05/06/2024    CHF    70.060
Leonteq Securities     20.000  8/28/2024     CHF    46.710
DZ Bank AG Deutsche    16.250  3/20/2024     EUR    67.630
Vontobel Financial     18.500  3/22/2024     EUR    70.550
Vontobel Financial     20.000  3/22/2024     EUR    68.460
Vontobel Financial     25.000  6/28/2024     EUR    65.170
Vontobel Financial     24.000  6/28/2024     EUR    65.920
Vontobel Financial     21.500  6/28/2024     EUR    69.970
Vontobel Financial     24.000  3/22/2024     EUR    66.420
Vontobel Financial     22.000  3/22/2024     EUR    69.310
Vontobel Financial     23.000  6/28/2024     EUR    67.970
Vontobel Financial     12.000  3/22/2024     EUR    69.120
Vontobel Financial     19.000  6/28/2024     EUR    74.700
Vontobel Financial     21.000  6/28/2024     EUR    60.640
Vontobel Financial     18.000  6/28/2024     EUR    62.690
Vontobel Financial     15.000  6/28/2024     EUR    65.410
Vontobel Financial     22.500  3/22/2024     EUR    64.700
Vontobel Financial     23.000  6/28/2024     EUR    64.770
Vontobel Financial     17.000  6/28/2024     EUR    73.510
UBS AG/London          15.500  5/24/2024     CHF    68.500
UniCredit Bank GmbH     7.800  6/27/2024     EUR    72.450
UniCredit Bank GmbH    15.400  6/27/2024     EUR    64.550
Leonteq Securities     20.000  08/07/2024    CHF    40.420
Leonteq Securities     30.000  08/07/2024    CHF    43.990
Bank Vontobel AG        6.500  09/05/2024    CHF    70.700
Basler Kantonalbank    22.000  09/06/2024    CHF    72.550
HSBC Trinkaus & Bur    23.750  6/28/2024     EUR    75.420
HSBC Trinkaus & Bur    15.000  6/28/2024     EUR    64.650
HSBC Trinkaus & Bur    20.750  3/22/2024     EUR    55.660
Bank Vontobel AG       28.000  09/09/2024    CHF    51.200
Erste Group Bank AG    14.500  08/02/2024    EUR    49.800
Bank Vontobel AG        9.500  07/01/2024    EUR    67.700
Bank Vontobel AG       22.000  07/01/2024    CHF    66.400
Basler Kantonalbank    21.000  07/05/2024    CHF    67.850
Basler Kantonalbank    24.000  07/05/2024    CHF    36.780
BNP Paribas Emissio    17.000  6/27/2024     EUR    70.920
BNP Paribas Emissio    21.000  6/27/2024     EUR    66.170
BNP Paribas Emissio     9.000 12/30/2024     EUR    73.360
BNP Paribas Emissio     9.500 12/30/2024     EUR    71.460
BNP Paribas Emissio    11.000  6/27/2024     EUR    72.590
Zurcher Kantonalban    17.000  3/13/2024     CHF    51.980
ACBA Bank OJSC         11.000  12/01/2025    AMD    10.496
Leonteq Securities     23.000  3/27/2024     CHF    20.600
Leonteq Securities     25.000  3/27/2024     CHF    20.910
DZ Bank AG Deutsche    10.500  3/20/2024     EUR    67.050
UniCredit Bank GmbH     9.300  8/23/2024     EUR    73.910
UniCredit Bank GmbH     9.600  2/23/2024     EUR    73.100
UniCredit Bank GmbH    12.000  2/23/2024     EUR    66.030
UniCredit Bank GmbH    14.600  2/23/2024     EUR    60.440
UniCredit Bank GmbH    10.200  8/23/2024     EUR    73.220
UniCredit Bank GmbH    11.100  8/23/2024     EUR    72.270
UniCredit Bank GmbH    12.900  8/23/2024     EUR    67.550
UniCredit Bank GmbH    13.900  8/23/2024     EUR    73.310
UniCredit Bank GmbH    10.100  8/23/2024     EUR    71.570
UniCredit Bank GmbH     8.700  8/23/2024     EUR    70.920
UniCredit Bank GmbH    10.800  8/23/2024     EUR    67.880
UniCredit Bank GmbH    11.900  2/23/2024     EUR    76.730
UniCredit Bank GmbH    12.600  2/23/2024     EUR    74.620
UniCredit Bank GmbH    14.900  2/23/2024     EUR    68.770
UniCredit Bank GmbH    13.300  2/23/2024     EUR    73.030
UniCredit Bank GmbH    13.400  8/23/2024     EUR    74.560
UniCredit Bank GmbH    14.600  8/23/2024     EUR    73.270
Bank Julius Baer &      8.550  05/02/2024    CHF    57.850
UBS AG/London          19.250  1/25/2024     CHF    10.980
UniCredit Bank GmbH    14.400  8/23/2024     EUR    72.070
Raiffeisen Switzerl    19.000  3/27/2024     CHF    58.750
Basler Kantonalbank    23.500  02/01/2024    CHF    11.970
Vontobel Financial      6.750  4/22/2024     EUR    72.506
Landesbank Baden-Wu    10.000  3/22/2024     EUR    64.030
Landesbank Baden-Wu    11.000  3/22/2024     EUR    67.210
Landesbank Baden-Wu     9.500  3/22/2024     EUR    70.190
Leonteq Securities      9.600  6/13/2024     CHF    68.800
Vontobel Financial      9.000  3/22/2024     EUR    74.220
BNP Paribas Emissio    16.000  6/27/2024     EUR    74.180
Zurcher Kantonalban     9.000  3/13/2024     CHF    73.730
Leonteq Securities     24.000  3/27/2024     CHF    33.980
BNP Paribas Emissio     9.500  3/21/2024     EUR    67.410
BNP Paribas Emissio    11.000  3/21/2024     EUR    67.650
BNP Paribas Emissio    12.000  3/21/2024     EUR    64.250
BNP Paribas Emissio    15.000  3/21/2024     EUR    61.530
BNP Paribas Emissio    16.000  3/21/2024     EUR    59.730
BNP Paribas Emissio    16.000  3/21/2024     EUR    63.780
BNP Paribas Emissio    18.000  3/21/2024     EUR    60.360
BNP Paribas Emissio    22.000  3/21/2024     EUR    56.160
BNP Paribas Emissio     7.500  3/21/2024     EUR    72.500
BNP Paribas Emissio     9.500  3/21/2024     EUR    72.820
BNP Paribas Emissio     9.000  3/21/2024     EUR    69.930
BNP Paribas Emissio    10.000  3/21/2024     EUR    70.100
BNP Paribas Emissio    15.000  3/21/2024     EUR    67.860
Zurcher Kantonalban    10.000  3/20/2024     CHF    70.810
Vontobel Financial     18.250  3/22/2024     EUR    50.407
Vontobel Financial     12.000  3/22/2024     EUR    59.570
Bank Julius Baer &     13.800  1/30/2024     CHF    70.250
IDBank CJSC             9.500  1/25/2025     AMD    10.400
Leonteq Securities     18.000  3/27/2024     CHF    33.250
DZ Bank AG Deutsche     8.750  3/20/2024     EUR    71.340
UniCredit Bank GmbH     8.500  8/23/2024     EUR    74.900
UniCredit Bank GmbH    10.700  2/23/2024     EUR    69.290
UniCredit Bank GmbH    13.300  2/23/2024     EUR    63.100
UniCredit Bank GmbH    12.000  8/23/2024     EUR    69.880
UniCredit Bank GmbH    13.300  8/23/2024     EUR    74.490
UniCredit Bank GmbH    11.000  8/23/2024     EUR    69.250
UniCredit Bank GmbH     7.700  8/23/2024     EUR    73.560
UniCredit Bank GmbH     9.700  8/23/2024     EUR    70.100
UniCredit Bank GmbH    13.300  2/23/2024     EUR    72.510
UniCredit Bank GmbH    14.100  2/23/2024     EUR    70.730
UniCredit Bank GmbH    14.900  2/23/2024     EUR    68.830
UBS AG/London          21.750  1/25/2024     CHF    10.160
UniCredit Bank GmbH     5.950  03/02/2026    EUR    74.240
UBS AG/London          12.500  3/22/2024     CHF    71.500
Leonteq Securities      9.250  02/01/2024    EUR    64.110
Zurcher Kantonalban    16.000  1/26/2024     CHF    21.320
Basler Kantonalbank    20.000  02/01/2024    CHF    47.540
UBS AG/London           7.000  4/25/2024     USD     9.910
Vontobel Financial     12.000  3/22/2024     EUR    45.290
Vontobel Financial     23.000  3/22/2024     EUR    55.670
Vontobel Financial     16.000  3/22/2024     EUR    65.790
Vontobel Financial     21.500  3/22/2024     EUR    57.850
Vontobel Financial     12.500  3/22/2024     EUR    72.750
Vontobel Financial     21.000  3/22/2024     EUR    37.120
Vontobel Financial     22.000  3/22/2024     EUR    35.670
Vontobel Financial     17.500  3/22/2024     EUR    73.880
Vontobel Financial     19.000  3/22/2024     EUR    73.230
Bank Vontobel AG       24.000  3/25/2024     CHF    20.200
Vontobel Financial     21.500  3/22/2024     EUR    62.570
Vontobel Financial     20.500  3/22/2024     EUR    64.320
Vontobel Financial     14.000  3/22/2024     EUR    63.500
Vontobel Financial     11.000  3/22/2024     EUR    68.930
Vontobel Financial     20.500  3/22/2024     EUR    57.020
Leonteq Securities     24.000  07/10/2024    CHF    68.730
Leonteq Securities     26.000  07/10/2024    CHF    37.570
Bank Julius Baer &      8.950  07/08/2024    EUR    68.950
Vontobel Financial     11.750  6/28/2024     EUR    72.480
Vontobel Financial      6.750  6/28/2024     EUR    67.362
Raiffeisen Switzerl    20.000  6/26/2024     CHF    35.710
Societe Generale Ef    10.750  6/28/2024     EUR    72.930
Bank Julius Baer &      8.900  07/08/2024    EUR    69.850
Vontobel Financial     14.000  6/28/2024     EUR    71.870
Corner Banca SA        18.500  9/23/2024     CHF    36.640
Swissquote Bank SA     10.000  6/26/2024     CHF    69.070
Vontobel Financial      7.250  6/24/2024     EUR    60.725
Raiffeisen Switzerl     9.250  6/23/2025     CHF    71.590
BNP Paribas Emissio    22.000  6/27/2024     EUR    74.980
BNP Paribas Emissio    25.000  6/27/2024     EUR    71.790
BNP Paribas Emissio    11.000  6/27/2024     EUR    73.240
BNP Paribas Emissio    24.000  3/21/2024     EUR    71.400
DZ Bank AG Deutsche     6.500  9/25/2024     EUR    66.400
DZ Bank AG Deutsche     7.750  9/25/2024     EUR    70.830
Leonteq Securities     30.000  02/06/2024    CHF    16.840
Leonteq Securities      7.000  02/03/2025    CHF    68.570
Swissquote Bank SA     17.170  02/06/2024    CHF    37.930
Swissquote Bank SA     19.600  02/06/2024    CHF    64.690
Raiffeisen Switzerl    19.500  02/06/2024    CHF    62.080
HSBC Trinkaus & Bur    20.250  6/28/2024     EUR    54.910
Leonteq Securities     22.000  9/18/2024     CHF    49.080
UniCredit Bank GmbH    17.300  3/22/2024     EUR    57.630
UniCredit Bank GmbH    17.800  6/28/2024     EUR    59.960
UniCredit Bank GmbH    19.200  6/28/2024     EUR    58.630
UniCredit Bank GmbH    18.800 12/31/2024     EUR    63.420
Leonteq Securities     11.000  12/11/2024    CHF    56.600
Swissquote Bank SA     24.040  09/11/2024    CHF    74.440
Leonteq Securities     22.000  09/11/2024    CHF    72.620
Leonteq Securities     18.000  09/11/2024    CHF    52.740
Raiffeisen Schweiz     20.000  09/11/2024    CHF    71.370
Vontobel Financial     14.500  6/28/2024     EUR    68.098
Vontobel Financial     14.500  9/27/2024     EUR    69.223
Citigroup Global Ma     6.220  9/25/2024     SGD     5.197
Leonteq Securities     25.000 12/18/2024     CHF    51.340
HSBC Trinkaus & Bur    11.750  5/24/2024     EUR    73.280
HSBC Trinkaus & Bur    14.750  7/26/2024     EUR    71.360
HSBC Trinkaus & Bur    17.500 12/30/2024     EUR    61.250
HSBC Trinkaus & Bur    18.750  9/27/2024     EUR    58.300
Leonteq Securities     20.000  9/18/2024     CHF    63.520
Swissquote Bank SA     28.320  9/18/2024     CHF    53.420
UniCredit Bank GmbH    19.100  3/22/2024     EUR    55.810
UniCredit Bank GmbH    19.700 12/31/2024     EUR    62.760
Vontobel Financial      9.500  6/28/2024     EUR    72.208
Vontobel Financial     11.500  6/28/2024     EUR    70.427
Vontobel Financial      8.000  6/28/2024     EUR    74.397
Vontobel Financial     22.500  6/28/2024     EUR    69.710
Bank Julius Baer &      8.200  03/06/2024    CHF    66.050
BNP Paribas Emissio     4.000  3/21/2024     EUR    69.220
BNP Paribas Emissio     6.000  3/21/2024     EUR    65.350
Leonteq Securities     28.000  09/05/2024    CHF    76.590
Leonteq Securities     10.340  8/31/2026     EUR    59.670
HSBC Trinkaus & Bur    10.000  4/26/2024     EUR    73.910
HSBC Trinkaus & Bur    16.250  5/24/2024     EUR    69.610
HSBC Trinkaus & Bur    22.750  3/22/2024     EUR    50.480
Vontobel Financial      9.000  9/27/2024     EUR    74.496
HSBC Trinkaus & Bur    14.750  4/26/2024     EUR    69.830
UBS AG/London          12.250  03/08/2024    EUR    61.600
BNP Paribas Emissio    14.000  6/27/2024     EUR    69.510
BNP Paribas Emissio    18.000  6/27/2024     EUR    60.670
DZ Bank AG Deutsche    17.600  3/22/2024     EUR    65.780
DZ Bank AG Deutsche    10.100  6/28/2024     EUR    70.220
Bank Vontobel AG        9.500  09/10/2024    CHF    73.500
Bank Vontobel AG        7.250  06/10/2024    CHF    67.500
DZ Bank AG Deutsche     6.250  3/20/2024     EUR    67.660
Zurcher Kantonalban    20.000  03/08/2024    CHF    54.810
BNP Paribas Emissio    16.000  6/27/2024     EUR    64.630
Landesbank Baden-Wu     8.900  1/24/2025     EUR    74.100
Vontobel Financial     22.500  9/27/2024     EUR
Vontobel Financial     21.000  9/27/2024     EUR
Swissquote Bank SA     26.040  7/17/2024     CHF    38.390
UniCredit Bank GmbH    19.700  6/28/2024     EUR    72.830
UniCredit Bank GmbH    18.800  7/25/2024     EUR    70.370
UniCredit Bank GmbH     6.800  7/25/2024     EUR    69.970
Vontobel Financial     16.000  9/27/2024     EUR    72.130
Vontobel Financial      9.250  6/28/2024     EUR    75.362
Vontobel Financial     23.000  9/27/2024     EUR    72.030
Vontobel Financial     24.500  9/27/2024     EUR    70.880
Vontobel Financial     20.000  9/27/2024     EUR    68.160
Vontobel Financial     15.500  9/27/2024     EUR    71.170
Vontobel Financial     17.000  6/28/2024     EUR    71.999
Landesbank Baden-Wu    12.000  7/26/2024     EUR    67.640
HSBC Trinkaus & Bur     7.200  1/26/2024     EUR    70.280
HSBC Trinkaus & Bur     6.700  8/23/2024     EUR    71.420
HSBC Trinkaus & Bur     9.400  9/27/2024     EUR    67.910
HSBC Trinkaus & Bur     7.800  1/26/2024     EUR    70.300
Bank Julius Baer &      6.350  7/18/2024     CHF    71.600
BNP Paribas Emissio    29.000  3/21/2024     EUR    67.130
BNP Paribas Emissio    23.000  6/27/2024     EUR    70.950
BNP Paribas Emissio     8.500  3/21/2024     EUR    72.690
BNP Paribas Emissio    13.000  3/21/2024     EUR    68.020
BNP Paribas Emissio    13.000  6/27/2024     EUR    68.970
BNP Paribas Emissio    10.000 12/30/2024     EUR    74.350
Barclays Bank PLC       7.250  9/26/2024     USD     9.880
Vontobel Financial     10.250  6/28/2024     EUR    68.130
Swissquote Bank SA     26.120  07/10/2024    CHF    38.080
Vontobel Financial     25.000  6/28/2024     EUR    70.200
Vontobel Financial     22.000  9/27/2024     EUR    73.850
Vontobel Financial     12.500  9/27/2024     EUR    74.010
Vontobel Financial     14.000  9/27/2024     EUR    72.460
Vontobel Financial     17.000  9/27/2024     EUR    70.030
Vontobel Financial     18.500  9/27/2024     EUR    69.130
BNP Paribas Emissio    26.000  6/27/2024     EUR    69.460
BNP Paribas Emissio    11.000  3/21/2024     EUR    73.100
BNP Paribas Emissio    12.000  3/21/2024     EUR    70.460
BNP Paribas Emissio    15.000  3/21/2024     EUR    68.350
BNP Paribas Emissio    27.000  3/21/2024     EUR    66.800
BNP Paribas Emissio    11.000 12/30/2024     EUR    72.900
BNP Paribas Emissio    14.000 12/30/2024     EUR    72.340
Leonteq Securities     24.000  07/10/2024    CHF    37.710
DZ Bank AG Deutsche     8.000  3/20/2024     EUR    69.650
Swissquote Bank SA     21.320  7/17/2024     CHF    74.450
Leonteq Securities     21.000  7/17/2024     CHF    74.250
UniCredit Bank GmbH    19.200  3/22/2024     EUR    71.900
Vontobel Financial     17.500  9/27/2024     EUR    70.690
Zurcher Kantonalban    10.000  07/12/2024    CHF    74.570
Zurcher Kantonalban    15.000  07/12/2024    CHF    77.500
Zurcher Kantonalban    10.000  07/12/2024    EUR    71.010
HSBC Trinkaus & Bur    19.900  3/22/2024     EUR    74.650
HSBC Trinkaus & Bur    10.100  3/22/2024     EUR    63.070
Vontobel Financial     24.000  9/27/2024     EUR
Vontobel Financial     15.500  9/27/2024     EUR    75.970
Vontobel Financial     19.000  9/27/2024     EUR    71.690
Vontobel Financial     23.000  9/27/2024     EUR    68.760
Landesbank Baden-Wu     9.000 11/22/2024     EUR    71.110
Landesbank Baden-Wu     7.700 11/22/2024     EUR    71.840
HSBC Trinkaus & Bur     9.000  9/27/2024     EUR    67.410
HSBC Trinkaus & Bur     5.100  9/27/2024     EUR    74.940
HSBC Trinkaus & Bur     6.900  2/23/2024     EUR    70.770
HSBC Trinkaus & Bur    19.200  3/22/2024     EUR    70.970
HSBC Trinkaus & Bur    17.500  3/22/2024     EUR    73.160
Bank Vontobel AG       11.000  7/26/2024     USD    58.300
Leonteq Securities     26.000  7/31/2024     CHF    39.170
Leonteq Securities     20.000  02/06/2024    CHF    14.950
Landesbank Baden-Wu    10.000  6/28/2024     EUR    70.160
HSBC Trinkaus & Bur     6.900  9/27/2024     EUR    70.750
HSBC Trinkaus & Bur     5.800 12/30/2024     EUR    72.290
HSBC Trinkaus & Bur    10.200  3/22/2024     EUR    67.050
HSBC Trinkaus & Bur     8.500  9/27/2024     EUR    69.360
HSBC Trinkaus & Bur     7.500  2/23/2024     EUR    70.850
HSBC Trinkaus & Bur     6.900  8/23/2024     EUR    72.410
Landesbank Baden-Wu     7.200  6/28/2024     EUR    69.830
Landesbank Baden-Wu     9.500  6/28/2024     EUR    63.230
Societe Generale Ef    12.500  6/28/2024     EUR    67.990
Zurcher Kantonalban    10.000  07/12/2024    CHF    69.460
UBS AG/London          19.000  07/12/2024    CHF    37.950
UBS AG/London          14.250  07/12/2024    EUR    42.550
Societe Generale Ef    12.750  6/28/2024     EUR    70.120
HSBC Trinkaus & Bur     8.800  3/22/2024     EUR    67.520
HSBC Trinkaus & Bur     7.700  9/27/2024     EUR    68.830
HSBC Trinkaus & Bur     7.800 12/30/2024     EUR    68.240
HSBC Trinkaus & Bur     6.900 12/30/2024     EUR    69.660
HSBC Trinkaus & Bur     5.200  3/28/2025     EUR    72.330
HSBC Trinkaus & Bur     6.300  3/28/2025     EUR    72.420
HSBC Trinkaus & Bur     9.200  1/26/2024     EUR    67.860
HSBC Trinkaus & Bur     8.800  2/23/2024     EUR    68.470
HSBC Trinkaus & Bur     7.700  8/23/2024     EUR    70.460
SG Issuer SA            1.035  4/15/2032     EUR    24.870
Basler Kantonalbank    12.000  06/03/2024    CHF    66.160
Corner Banca SA         8.000  4/29/2024     CHF    63.130
UBS AG/London           7.750  4/29/2024     CHF    74.400
Landesbank Baden-Wu     3.000  7/24/2026     EUR    69.460
Raiffeisen Schweiz     20.000  8/28/2024     CHF    63.780
UniCredit Bank GmbH    15.000  8/23/2024     EUR    73.950
Leonteq Securities     25.000  12/11/2024    CHF    50.880
Zurcher Kantonalban    12.500  03/08/2024    CHF    46.590
Finca Uco Cjsc          6.500  4/20/2024     USD     0.000
Evocabank CJSC          5.000  9/28/2024     USD     4.873
UniCredit Bank GmbH     5.600  6/30/2025     EUR    66.040
Bank Vontobel AG       21.000  03/11/2024    CHF    55.500
Bank Vontobel AG       11.000  09/10/2024    EUR    63.800
DZ Bank AG Deutsche    12.800  6/28/2024     EUR    71.420
Leonteq Securities      7.000  06/07/2024    CHF    56.590
Bank Vontobel AG        9.250  09/10/2024    CHF    66.500
Bank Vontobel AG       15.000  03/11/2024    CHF    43.200
Bank Julius Baer &     15.300  6/17/2024     EUR    64.200
Leonteq Securities     30.000  3/20/2024     CHF    21.640
Landesbank Baden-Wu     7.300  3/22/2024     EUR    69.760
Landesbank Baden-Wu    10.000  3/22/2024     EUR    70.370
Landesbank Baden-Wu    14.000  3/22/2024     EUR    59.700
Vontobel Financial     16.250  3/22/2024     EUR    28.700
BNP Paribas Emissio    18.000  6/27/2024     EUR    67.980
BNP Paribas Emissio    12.000  6/27/2024     EUR    69.770
BNP Paribas Emissio    13.000  6/27/2024     EUR    67.210
BNP Paribas Emissio    16.000  6/27/2024     EUR    64.430
Basler Kantonalbank    18.000  6/17/2024     CHF    59.900
UBS AG/London          11.250  9/16/2024     EUR    62.150
UBS AG/London           9.750  06/10/2024    CHF    67.300
Leonteq Securities     28.000  3/20/2024     CHF    57.990
Landesbank Baden-Wu    13.000  3/22/2024     EUR    74.020
Landesbank Baden-Wu    12.500  3/22/2024     EUR    68.650
BNP Paribas Issuanc    16.000  9/18/2026     EUR    69.440
DZ Bank AG Deutsche     6.500  6/26/2024     EUR    63.850
Bank Julius Baer &     14.750  02/01/2024    USD    50.000
UBS AG/London          21.000  02/01/2024    CHF    10.200
Vontobel Financial     13.500  3/22/2024     EUR    42.470
Vontobel Financial     19.500  3/22/2024     EUR    60.080
Vontobel Financial     17.500  3/22/2024     EUR    62.780
Vontobel Financial     14.000  3/22/2024     EUR    69.070
Vontobel Financial     23.500  3/22/2024     EUR    34.510
Vontobel Financial     18.500  3/22/2024     EUR    39.950
Vontobel Financial     25.000  3/22/2024     EUR    33.470
Bank Vontobel AG       20.750  6/24/2024     CHF    22.900
Vontobel Financial     24.500  3/22/2024     EUR    57.960
Vontobel Financial     23.500  3/22/2024     EUR    59.360
Vontobel Financial     22.500  3/22/2024     EUR    60.930
Vontobel Financial     17.000  3/22/2024     EUR    59.960
Vontobel Financial     13.000  3/22/2024     EUR    65.580
Vontobel Financial     15.500  3/22/2024     EUR    61.660
Vontobel Financial     22.000  3/22/2024     EUR    55.660
Vontobel Financial     19.500  3/22/2024     EUR    66.200
Vontobel Financial     18.500  3/22/2024     EUR    57.472
Vontobel Financial     10.000  3/22/2024     EUR    71.470
Vontobel Financial     18.500  3/22/2024     EUR    58.390
Vontobel Financial     18.500  3/22/2024     EUR    68.170
Vontobel Financial     23.000  3/22/2024     EUR    58.019
DZ Bank AG Deutsche    14.800  3/22/2024     EUR    68.330
DZ Bank AG Deutsche    23.700  3/22/2024     EUR    70.910
DZ Bank AG Deutsche    18.500  3/22/2024     EUR    75.230
DZ Bank AG Deutsche    11.800  3/22/2024     EUR    72.040
DZ Bank AG Deutsche    17.100  3/22/2024     EUR    62.870
DZ Bank AG Deutsche    11.500  3/22/2024     EUR    67.590
DZ Bank AG Deutsche    14.700  3/22/2024     EUR    62.670
DZ Bank AG Deutsche    13.200  3/22/2024     EUR    67.450
DZ Bank AG Deutsche    19.900  3/22/2024     EUR    63.200
DZ Bank AG Deutsche    15.500  3/22/2024     EUR    62.460
DZ Bank AG Deutsche    15.600  3/22/2024     EUR    65.560
UBS AG/London          21.250  04/02/2024    CHF    21.480
UniCredit Bank GmbH    19.500  6/28/2024     EUR    52.230
UniCredit Bank GmbH    18.000 12/31/2024     EUR    58.480
UniCredit Bank GmbH    18.800 12/31/2024     EUR    57.970
UniCredit Bank GmbH    14.800  2/23/2024     EUR    66.900
Vontobel Financial     18.000  9/27/2024     EUR    54.079
UBS AG/London           6.750  4/29/2024     CHF    58.000
Swissquote Bank SA     23.200  8/28/2024     CHF    77.510
Leonteq Securities     22.000  8/28/2024     CHF    44.580
Landesbank Baden-Wu     5.000  7/24/2026     EUR    73.970
Leonteq Securities     25.000  03/06/2024    CHF    17.260
Zurcher Kantonalban    10.000  2/27/2024     CHF    74.460
Corner Banca SA         9.000  03/03/2025    CHF    74.720
Vontobel Financial     11.500  3/22/2024     EUR    62.590
Vontobel Financial      8.250  3/22/2024     EUR    61.740
Landesbank Baden-Wu     8.000  3/28/2025     EUR    68.710
Landesbank Baden-Wu     6.750  3/28/2025     EUR    72.740
HSBC Trinkaus & Bur    19.000  6/28/2024     EUR    59.740
HSBC Trinkaus & Bur    11.000  6/28/2024     EUR    74.090
HSBC Trinkaus & Bur    20.000  6/28/2024     EUR    72.870
Landesbank Baden-Wu     3.000 10/24/2025     EUR    63.880
Bank Vontobel AG        5.000  7/19/2024     CHF    70.300
Bank Vontobel AG       18.000  7/19/2024     CHF    66.700
Bank Vontobel AG        7.500  7/19/2024     CHF    29.500
Leonteq Securities     27.000  7/24/2024     CHF    41.180
Vontobel Financial     12.750  6/28/2024     EUR    63.610
Vontobel Financial      9.000  6/28/2024     EUR    65.044
Vontobel Financial     16.250  6/28/2024     EUR    63.362
Vontobel Financial     24.750  6/28/2024     EUR    57.560
Vontobel Financial     12.000  7/22/2024     EUR    53.970
Leonteq Securities     15.000  7/24/2024     CHF    36.560
Leonteq Securities     23.000  7/24/2024     CHF    42.200
Raiffeisen Schweiz     20.000  7/24/2024     CHF    47.750
Bank Vontobel AG       25.000  7/22/2024     USD    38.200
Sberbank of Russia      0.010 11/23/2026     RUB    67.220
Raiffeisen Schweiz      7.000  5/22/2024     CHF    69.430
Landesbank Hessen-T     0.700  01/12/2037    EUR    71.700
Landesbank Hessen-T     0.850  2/18/2036     EUR    66.250
DZ Bank AG Deutsche    16.600  3/22/2024     EUR    69.000
Unibank OJSC            5.300  02/05/2024    USD     0.000
DZ Bank AG Deutsche    10.600  3/22/2024     EUR    67.480
UBS AG/London          11.250  8/22/2024     CHF    69.300
Vontobel Financial     19.000  3/22/2024     EUR    67.210
Vontobel Financial     14.500  3/22/2024     EUR    73.410
Zurcher Kantonalban    18.000  2/15/2024     CHF    31.520
Region of Chelyabin     6.000 12/17/2027     RUB    62.060
Banque Internationa     6.200 11/25/2024     CHF    71.040
Zurcher Kantonalban    12.300  2/16/2024     EUR    62.790
Bank Vontobel AG        9.250  2/19/2024     EUR    58.000
DekaBank Deutsche G     2.400  5/17/2024     EUR    27.870
DZ Bank AG Deutsche    22.700  3/22/2024     EUR    46.670
Nordea Bank Abp         2.000  02/03/2026    SEK    62.350
DZ Bank AG Deutsche    15.700  3/22/2024     EUR    57.330
UBS AG/London          13.500  2/22/2024     EUR    50.500
Basler Kantonalbank     7.400  06/03/2024    CHF    71.320
Sberbank of Russia      0.010 11/24/2026     RUB    75.900
Swissquote Bank SA     17.200  2/13/2024     CHF    36.360
Bank Vontobel AG        5.250  5/28/2024     CHF    70.300
DekaBank Deutsche G     2.700 12/13/2024     EUR    73.180
DekaBank Deutsche G     3.700 12/15/2025     EUR    72.040
Societe Generale SA    13.010 11/14/2024     USD
SFO Social Developm    10.210  01/08/2027    RUB    60.060
Landesbank Baden-Wu     3.200  9/26/2025     EUR    71.970
Sberbank of Russia      0.010  8/21/2028     RUB    64.500
HH Finance PLC          5.000  5/19/2028     EUR    50.050
Societe Generale SA    13.500  8/23/2024     USD    49.700
Societe Generale SA    24.000  8/30/2024     USD    74.100
Vontobel Financial     19.500  6/28/2024     EUR    60.000
Vontobel Financial     23.500  6/28/2024     EUR    55.420
Vontobel Financial     18.500  6/28/2024     EUR    61.230
Vontobel Financial     14.500  6/28/2024     EUR    61.250
Vontobel Financial     12.000  6/28/2024     EUR    64.090
Vontobel Financial     10.500  6/28/2024     EUR    67.940
Vontobel Financial     17.000  6/28/2024     EUR    63.700
Vontobel Financial     17.000  6/28/2024     EUR    63.990
Vontobel Financial     20.000  6/28/2024     EUR    61.310
Vontobel Financial     14.500  6/28/2024     EUR    67.610
DekaBank Deutsche G     2.100  9/20/2024     EUR    61.770
Vontobel Financial     14.000  6/28/2024     EUR    50.556
Bank Vontobel AG        7.000  4/15/2024     CHF    64.600
Bank Vontobel AG        8.000  4/15/2024     CHF    26.300
BNP Paribas Emissio     3.000  3/21/2024     EUR    72.700
BNP Paribas Emissio     5.000  3/21/2024     EUR    67.810
BNP Paribas Emissio     7.000  3/21/2024     EUR    63.440
BNP Paribas Emissio     5.000  6/27/2024     EUR    71.780
BNP Paribas Emissio     7.000  6/27/2024     EUR    67.450
BNP Paribas Emissio     8.000  6/27/2024     EUR    63.540
BNP Paribas Emissio    12.000  6/27/2024     EUR    65.670
BNP Paribas Emissio    13.000  6/27/2024     EUR    63.370
BNP Paribas Emissio    12.000  3/21/2024     EUR    63.960
BNP Paribas Emissio    14.000  3/21/2024     EUR    60.490
Leonteq Securities     13.000 10/21/2024     EUR    66.290
Leonteq Securities     20.000  4/24/2024     CHF    71.060
Leonteq Securities      8.000 10/21/2024     CHF    69.710
Zurcher Kantonalban     5.300  4/15/2024     CHF    69.460
Swissquote Bank SA     16.120  4/24/2024     CHF    57.030
Leonteq Securities     22.000  4/24/2024     USD    72.400
DekaBank Deutsche G     2.250  7/14/2026     EUR    69.610
VTB Bank PJSC          10.000                RUB    62.000
Landesbank Hessen-T     1.800  07/07/2036    EUR    68.550
DekaBank Deutsche G     3.500  6/28/2024     EUR    59.150
Erste Group Bank AG     5.500  6/30/2025     EUR    63.400
Landesbank Baden-Wu     4.100  6/27/2025     EUR    62.630
Raiffeisen Bank Int    12.813  9/25/2024     EUR    73.070
DekaBank Deutsche G     2.000  6/28/2024     EUR    74.910
Landesbank Baden-Wu     3.200  6/27/2025     EUR    70.660
Zurcher Kantonalban    15.000  4/18/2024     CHF    73.770
Erste Group Bank AG     7.250  6/30/2026     EUR    60.500
Landesbank Baden-Wu     3.350  6/26/2026     EUR    70.580
SG Issuer SA            7.073  4/23/2026     EUR    73.280
UniCredit Bank GmbH     6.800  5/24/2027     EUR    71.790
Leonteq Securities      8.000  4/24/2025     CHF    74.310
Leonteq Securities     13.000  7/24/2024     EUR    71.590
Leonteq Securities     30.000  4/24/2024     CHF    26.900
UniCredit Bank GmbH     5.550  07/01/2024    EUR    73.980
Zurcher Kantonalban    18.000  4/17/2024     CHF    26.390
DekaBank Deutsche G     3.100  6/28/2024     EUR    67.130
Sberbank of Russia      0.010  06/02/2028    RUB    73.300
UniCredit Bank GmbH     4.050  07/01/2024    EUR    62.370
UniCredit Bank GmbH     5.250  07/01/2024    EUR    14.050
Raiffeisenlandesban     3.093  06/09/2036    EUR    58.170
Leonteq Securities     15.000  4/26/2024     CHF    54.190
Landesbank Baden-Wu     6.000  5/22/2026     EUR    69.180
DZ Bank AG Deutsche    12.500 12/31/2024     EUR    71.190
Landesbank Baden-Wu     6.000  4/26/2024     EUR    72.770
Landesbank Baden-Wu     7.200  4/26/2024     EUR    59.090
Landesbank Baden-Wu     9.000  4/26/2024     EUR    50.630
Landesbank Baden-Wu     9.850  4/26/2024     EUR    46.780
Landesbank Baden-Wu     6.750  4/26/2024     EUR    29.070
Landesbank Baden-Wu     5.100  4/26/2024     EUR    67.810
Landesbank Baden-Wu     6.000  4/26/2024     EUR    63.810
Raiffeisen Schweiz      6.000  4/29/2024     CHF    69.040
Leonteq Securities      5.000  4/25/2024     CHF    65.300
Leonteq Securities      7.000  4/22/2024     USD    65.780
Bank Vontobel AG        5.250  4/22/2024     CHF    64.200
UBS AG/London          11.000  4/29/2024     CHF    59.700
DZ Bank AG Deutsche    11.100  8/23/2024     EUR    72.240
DZ Bank AG Deutsche     9.500 12/31/2024     EUR    74.120
UBS AG/London           2.500  4/22/2024     CHF    62.950
BNP Paribas Emissio     4.000  05/07/2026    EUR    69.100
Landesbank Baden-Wu     5.600  4/26/2024     EUR    61.890
Landesbank Baden-Wu    10.000  4/26/2024     EUR    58.550
Landesbank Baden-Wu     4.000  4/26/2024     EUR    36.540
Landesbank Baden-Wu     3.900  4/26/2024     EUR    73.920
Landesbank Baden-Wu     8.300  4/26/2024     EUR    69.720
Landesbank Baden-Wu     5.800  4/26/2024     EUR    58.660
Societe Generale Ef    11.250  8/23/2024     EUR    74.840
UniCredit Bank GmbH    19.800  6/28/2024     EUR    65.140
UniCredit Bank GmbH    19.300 12/31/2024     EUR    68.830
Raiffeisen Schweiz      6.000  4/26/2024     CHF    64.880
UBS AG/London           6.500  1/22/2024     CHF    51.450
UBS AG/London           7.000  1/22/2024     CHF    60.150
Swissquote Bank SA     28.000  1/16/2024     CHF    21.200
Leonteq Securities      9.000  1/22/2024     CHF    54.450
UBS AG/London           9.080  08/02/2027    SEK    67.800
UBS AG/London          21.600  08/02/2027    SEK    39.650
Ameriabank CJSC         9.500  7/14/2024     AMD     0.000
UBS AG/London          19.000  7/15/2024     CHF    68.500
UBS AG/London           8.250 11/19/2026     EUR    53.530
DekaBank Deutsche G     3.200 12/20/2024     EUR    63.990
DZ Bank AG Deutsche     8.500  6/26/2024     EUR    69.050
UBS AG/London          16.500  7/22/2024     CHF    46.550
DZ Bank AG Deutsche     6.750  3/20/2024     EUR    75.140
Vontobel Financial     14.500  3/22/2024     EUR    69.880
Vontobel Financial     11.000  3/22/2024     EUR    76.180
Vontobel Financial     15.500  3/22/2024     EUR    68.530
Vontobel Financial     16.500  3/22/2024     EUR    67.240
Vontobel Financial     12.500  3/22/2024     EUR    49.870
Vontobel Financial      9.000  3/22/2024     EUR    49.263
Vontobel Financial      8.500  3/22/2024     EUR    49.173
Leonteq Securities      7.000  4/19/2024     CHF    53.460
Vontobel Financial     17.500  3/22/2024     EUR    66.090
Vontobel Financial     14.000  3/22/2024     EUR    71.210
Vontobel Financial     16.000  3/22/2024     EUR    68.600
Vontobel Financial     18.500  3/22/2024     EUR    55.180
Vontobel Financial     12.000  3/22/2024     EUR    66.950
Vontobel Financial     19.500  3/22/2024     EUR    63.140
Vontobel Financial     22.500  3/22/2024     EUR    58.590
Vontobel Financial     21.000  3/22/2024     EUR    61.010
Vontobel Financial     16.500  3/22/2024     EUR    68.880
Leonteq Securities     11.000  7/23/2024     CHF    62.240
UniCredit Bank GmbH    16.400  3/22/2024     EUR    51.480
UniCredit Bank GmbH    17.200 12/31/2024     EUR    59.080
Raiffeisen Schweiz     20.000  9/25/2024     CHF    53.720
Raiffeisen Schweiz     20.000  9/25/2024     CHF    53.480
UniCredit Bank GmbH    14.900  3/22/2024     EUR    53.050
UniCredit Bank GmbH    18.200  6/28/2024     EUR    53.130
UniCredit Bank GmbH    19.600 12/31/2024     EUR    57.520
UniCredit Bank GmbH    17.900  3/22/2024     EUR    50.040
UniCredit Bank GmbH    19.600  3/22/2024     EUR    48.760
UniCredit Bank GmbH    15.800  6/28/2024     EUR    55.330
UniCredit Bank GmbH    17.000  6/28/2024     EUR    54.180
Bank Julius Baer &      8.850  09/09/2024    EUR    70.300
HSBC Trinkaus & Bur     9.000  3/22/2024     EUR    74.490
Leonteq Securities     23.000 12/27/2024     CHF    60.190
SG Issuer SA            0.263  2/20/2025     EUR    23.510
UniCredit Bank GmbH    10.900  3/22/2024     EUR    61.300
UniCredit Bank GmbH    12.000  3/22/2024     EUR    58.700
UniCredit Bank GmbH    13.200  3/22/2024     EUR    56.360
UniCredit Bank GmbH    14.500  3/22/2024     EUR    54.270
UniCredit Bank GmbH    16.000  3/22/2024     EUR    52.390
UniCredit Bank GmbH    10.500  6/28/2024     EUR    63.450
UniCredit Bank GmbH    11.400  6/28/2024     EUR    61.170
UniCredit Bank GmbH    16.200  3/22/2024     EUR    68.090
UniCredit Bank GmbH    18.000  3/22/2024     EUR    64.190
UniCredit Bank GmbH    19.900  3/22/2024     EUR    60.790
UniCredit Bank GmbH    15.400  6/28/2024     EUR    71.210
UniCredit Bank GmbH    16.900  6/28/2024     EUR    67.760
UniCredit Bank GmbH    11.900  3/22/2024     EUR    75.130
UniCredit Bank GmbH    12.900  3/22/2024     EUR    72.880
UniCredit Bank GmbH    14.000  3/22/2024     EUR    70.810
UniCredit Bank GmbH    15.100  3/22/2024     EUR    68.690
UBS AG/London          15.000  04/05/2024    CHF    70.600
UniCredit Bank GmbH    10.700  02/03/2025    EUR    30.060
Leonteq Securities      4.290  1/21/2025     EUR    61.550
BNP Paribas Emissio    20.000  6/27/2024     EUR    68.620
BNP Paribas Emissio    13.000 12/30/2024     EUR    74.790
Bank Julius Baer &     19.200  1/17/2024     CHF    13.600
Bank Julius Baer &     17.160  1/17/2024     CHF    37.200
DZ Bank AG Deutsche    19.400  3/22/2024     EUR    66.360
DZ Bank AG Deutsche    20.800  3/22/2024     EUR    63.100
DZ Bank AG Deutsche    24.800  1/26/2024     EUR    50.290
DZ Bank AG Deutsche    12.500  3/22/2024     EUR    58.830
Bank Vontobel AG       20.000  4/15/2024     CHF    52.300
UBS AG/London          15.500  1/18/2024     CHF    59.850
Vontobel Financial     10.000  3/22/2024     EUR    61.283
Vontobel Financial     16.500  3/22/2024     EUR    70.530
Vontobel Financial     19.500  3/22/2024     EUR    65.890
Vontobel Financial     17.500  3/22/2024     EUR    68.930
Vontobel Financial     15.000  3/22/2024     EUR    74.480
Vontobel Financial     21.500  3/22/2024     EUR    61.570
Vontobel Financial     15.000  3/22/2024     EUR    70.940
Vontobel Financial     18.000  3/22/2024     EUR    65.770
Vontobel Financial     18.500  3/22/2024     EUR    67.330
Vontobel Financial     16.000  3/22/2024     EUR    72.590
Vontobel Financial     11.000  3/22/2024     EUR    59.691
Vontobel Financial     12.500  3/22/2024     EUR    61.720
Vontobel Financial     18.500  3/22/2024     EUR    71.530
Vontobel Financial     19.000  3/22/2024     EUR    59.979
Vontobel Financial     15.000  3/22/2024     EUR    66.500
Vontobel Financial     11.000  3/22/2024     EUR    72.780
Leonteq Securities     25.500  1/19/2024     CHF    14.120
Landesbank Baden-Wu    16.000  1/26/2024     EUR    70.480
Landesbank Baden-Wu    15.000  1/26/2024     EUR    73.460
Landesbank Baden-Wu    11.500  1/26/2024     EUR    68.860
Landesbank Baden-Wu    12.500  1/26/2024     EUR    61.440
Landesbank Baden-Wu    15.000  1/26/2024     EUR    55.180
Landesbank Baden-Wu    12.000  1/26/2024     EUR    65.470
Vontobel Financial     11.500  3/22/2024     EUR    74.410
Vontobel Financial     13.500  3/22/2024     EUR    71.320
Vontobel Financial     12.500  3/22/2024     EUR    72.820
Vontobel Financial     13.500  3/22/2024     EUR    69.720
Leonteq Securities      7.000  4/19/2024     CHF    62.620
Vontobel Financial     10.000  3/22/2024     EUR    49.432
Vontobel Financial     11.000  3/22/2024     EUR    49.611
Vontobel Financial     18.000  3/22/2024     EUR    65.720
Vontobel Financial     15.000  3/22/2024     EUR    71.760
Vontobel Financial     23.500  3/22/2024     EUR    33.240
Vontobel Financial     21.500  3/22/2024     EUR    70.420
Landesbank Hessen-T     0.600  9/27/2034     EUR    72.400
DekaBank Deutsche G     4.450  4/27/2026     EUR    64.140
EFG International F    15.500  04/04/2024    CHF    59.150
Erste Group Bank AG     6.000  05/02/2026    EUR    72.150
Landesbank Baden-Wu     3.400 11/22/2024     EUR    69.890
UBS AG/London          12.750  3/25/2024     CHF    65.950
Landesbank Baden-Wu     1.500  4/24/2039     EUR    72.090
DekaBank Deutsche G     3.600  4/26/2024     EUR    75.640
EFG International F     8.000  03/05/2024    CHF    54.530
DZ Bank AG Deutsche     1.740  10/11/2050    EUR    58.420
Federal Grid Co - R     7.000  3/23/2050     RUB    55.000
DZ Bank AG Deutsche     3.411  10/11/2050    EUR    58.420
DekaBank Deutsche G     3.200  4/25/2025     EUR    53.720
SG Issuer SA            5.000  5/30/2029     EUR    60.000
Leonteq Securities      6.000  3/25/2024     USD    68.130
Landesbank Baden-Wu     0.150  09/11/2039    EUR    67.480
Credit Suisse AG/Lo    29.000  3/28/2024     USD    16.748
Raiffeisen Switzerl    10.500  07/11/2024    USD    22.920
Societe Generale SA     1.580  9/16/2024     USD     2.900
Landesbank Baden-Wu     0.700  09/05/2039    EUR    67.420
Landesbank Baden-Wu     0.500  09/05/2039    EUR    69.660
HPI AG                  3.500                EUR     0.500
Erste Group Bank AG     9.500  3/29/2024     EUR    52.600
Landesbank Hessen-T     1.000 10/29/2035     EUR    68.550
Landesbank Baden-Wu     9.000  6/28/2024     EUR    68.140
Landesbank Baden-Wu     5.100  6/28/2024     EUR    37.400
Landesbank Baden-Wu     8.000  6/28/2024     EUR    29.900
Landesbank Baden-Wu     4.900  6/28/2024     EUR    68.520
Leonteq Securities      9.200  07/07/2025    CHF    33.570
Leonteq Securities      9.000  07/08/2024    CHF    56.300
UniCredit Bank GmbH    16.550  8/18/2025     USD    35.620
Araratbank OJSC         4.250  12/08/2024    USD     0.000
UBS AG/London          16.000  4/19/2024     CHF    30.950
Inecobank CJSC         10.000  4/28/2025     AMD    10.300
Leonteq Securities      9.000 10/21/2024     CHF    65.290
Swissquote Bank SA     11.030  08/12/2024    CHF    70.020
Bank Vontobel AG        9.000  05/12/2025    EUR    66.100
DekaBank Deutsche G     1.000  1/20/2025     EUR    19.920
Landesbank Baden-Wu    17.000  5/24/2024     EUR    73.180
Landesbank Baden-Wu     7.300  5/24/2024     EUR    74.910
Landesbank Baden-Wu     9.300  5/24/2024     EUR    68.450
Landesbank Baden-Wu     5.900  6/28/2024     EUR    75.420
Landesbank Baden-Wu     7.700  6/28/2024     EUR    69.160
Landesbank Baden-Wu    10.000  6/28/2024     EUR    64.260
Zurcher Kantonalban     6.900  05/10/2024    CHF    63.520
Bank Vontobel AG       11.500  5/16/2024     CHF    73.400
UBS AG/London           5.500  05/12/2025    CHF    62.650
DZ Bank AG Deutsche    11.000  3/20/2024     EUR    59.420
Leonteq Securities     24.000  5/17/2024     CHF    50.820
Raiffeisen Switzerl     7.500  05/12/2025    CHF    74.960
Raiffeisen Switzerl     8.200  11/12/2024    CHF    72.390
Vontobel Financial     20.500  6/28/2024     EUR    68.480
Vontobel Financial     15.000  6/28/2024     EUR    76.450
Vontobel Financial     24.000  6/28/2024     EUR    55.360
Vontobel Financial     22.000  3/22/2024     EUR    70.420
Vontobel Financial     22.000  6/28/2024     EUR    57.200
Vontobel Financial     20.500  3/22/2024     EUR    70.830
Vontobel Financial     17.500  3/22/2024     EUR    73.850
Vontobel Financial     17.500  6/28/2024     EUR    74.140
Vontobel Financial     24.000  3/22/2024     EUR    69.080
Vontobel Financial     21.000  6/28/2024     EUR    73.570
Vontobel Financial     21.000  3/22/2024     EUR    72.080
Bank Vontobel AG        8.500  05/12/2025    CHF    72.200
Raiffeisen Switzerl     8.500  09/03/2024    CHF    67.600
Raiffeisen Switzerl     8.400  03/03/2025    CHF    73.370
Raiffeisen Switzerl    15.000  03/06/2024    CHF    42.680
UniCredit Bank GmbH    13.700  6/28/2024     EUR    62.950
UniCredit Bank GmbH    14.300  6/28/2024     EUR    48.590
UniCredit Bank GmbH    17.600  6/28/2024     EUR    72.350
Bank Vontobel AG       10.000  09/02/2024    EUR    59.800
Bank Vontobel AG       22.000  5/31/2024     CHF    24.400
Bank Vontobel AG       13.000  03/04/2024    CHF    42.900
UBS AG/London          13.750  03/08/2024    EUR    73.700
UBS AG/London          10.250  03/10/2025    EUR    67.800
Zurcher Kantonalban    15.000  03/06/2024    CHF    67.320
Leonteq Securities     19.000  06/10/2024    CHF    59.560
Swissquote Bank SA     14.560  3/13/2024     CHF    41.600
Zurcher Kantonalban    15.000  03/07/2024    CHF    55.960
UniCredit Bank GmbH    19.200  6/28/2024     EUR    67.610
Vontobel Financial     22.000  3/22/2024     EUR    73.920
Vontobel Financial     23.500  3/22/2024     EUR    72.070
Vontobel Financial     18.000  3/22/2024     EUR    75.570
Vontobel Financial     13.000  3/22/2024     EUR    71.080
Vontobel Financial     19.500  3/22/2024     EUR    61.630
Raiffeisen Switzerl     9.000  12/10/2024    CHF    72.000
Raiffeisen Switzerl    20.000  3/13/2024     CHF    18.660
Raiffeisen Switzerl     7.800  09/10/2024    CHF    63.560
BNP Paribas Emissio     9.500  6/27/2024     EUR    72.660
BNP Paribas Emissio     9.000  6/27/2024     EUR    69.800
BNP Paribas Emissio    12.000  6/27/2024     EUR    65.190
BNP Paribas Emissio    13.000  6/27/2024     EUR    62.550
BNP Paribas Emissio     9.000  6/27/2024     EUR    73.010
BNP Paribas Emissio    11.000  6/27/2024     EUR    69.580
BNP Paribas Emissio    12.000  6/27/2024     EUR    64.490
Bank Vontobel AG       19.000  04/09/2024    CHF    17.000
Bank Vontobel AG        8.000  6/17/2024     CHF    51.000
UBS AG/London           8.560  6/29/2027     SEK    64.570
SG Issuer SA            1.600  6/26/2034     EUR    15.230
Vontobel Financial     11.500  3/22/2024     EUR    66.735
Vontobel Financial     16.750  3/22/2024     EUR    56.556
Leonteq Securities     23.000  3/13/2024     USD    31.060
Leonteq Securities     10.000  09/10/2024    CHF    70.850
Leonteq Securities     11.000  03/10/2025    CHF    73.280
Leonteq Securities     26.000  3/13/2024     CHF    16.630
Leonteq Securities     30.000  3/13/2024     CHF    20.010
Basler Kantonalbank    24.000  03/08/2024    CHF    18.710
Bank Julius Baer &      8.850  03/11/2024    USD    71.100
Landesbank Baden-Wu     9.250  6/28/2024     EUR    71.470
Landesbank Baden-Wu    11.000  6/28/2024     EUR    59.050
Landesbank Baden-Wu     4.000  6/28/2024     EUR    43.070
Landesbank Baden-Wu     7.000  6/28/2024     EUR    32.200
Landesbank Baden-Wu     3.950  6/28/2024     EUR    75.270
Landesbank Baden-Wu     4.400  6/28/2024     EUR    71.730
Raiffeisen Schweiz      7.300  07/01/2024    CHF    56.570
UBS AG/London          10.250  07/01/2024    CHF    71.250
HSBC Trinkaus & Bur     8.600 12/30/2024     EUR    76.130
HSBC Trinkaus & Bur     6.200  3/28/2025     EUR    72.290
HSBC Trinkaus & Bur     6.300  7/26/2024     EUR    73.600
HSBC Trinkaus & Bur     7.000  3/28/2025     EUR    71.120
HSBC Trinkaus & Bur    12.600  9/27/2024     EUR    75.340
HSBC Trinkaus & Bur    16.500 12/30/2024     EUR    67.440
HSBC Trinkaus & Bur    15.600 12/30/2024     EUR    68.650
HSBC Trinkaus & Bur    11.700 12/30/2024     EUR    75.300
HSBC Trinkaus & Bur    14.200  3/28/2025     EUR    69.500
HSBC Trinkaus & Bur    10.900  3/28/2025     EUR    75.240
HSBC Trinkaus & Bur    16.800  8/23/2024     EUR    68.290
HSBC Trinkaus & Bur    17.300  9/27/2024     EUR    68.660
HSBC Trinkaus & Bur    13.400 12/30/2024     EUR    73.920
HSBC Trinkaus & Bur    15.400  9/27/2024     EUR    72.870
HSBC Trinkaus & Bur    15.100  3/28/2025     EUR    72.510
HSBC Trinkaus & Bur    14.000 12/30/2024     EUR    73.100
HSBC Trinkaus & Bur    18.000  7/26/2024     EUR    69.830
HSBC Trinkaus & Bur    17.400  8/23/2024     EUR    70.490
DZ Bank AG Deutsche     4.500  9/25/2024     EUR    71.170
Zurcher Kantonalban    10.000  7/19/2024     EUR    74.170
Vontobel Financial     24.500  6/28/2024     EUR    73.790
Vontobel Financial     10.500  9/27/2024     EUR    60.755
Vontobel Financial     11.500  6/28/2024     EUR    64.168
Basler Kantonalbank    11.000  7/26/2024     CHF    73.220
DZ Bank AG Deutsche    12.600  6/28/2024     EUR    73.680
DZ Bank AG Deutsche    15.000  6/28/2024     EUR    70.260
DZ Bank AG Deutsche    20.100  6/28/2024     EUR    69.010
DZ Bank AG Deutsche    22.400  6/28/2024     EUR    68.200
DZ Bank AG Deutsche    23.100  3/22/2024     EUR    64.720
DZ Bank AG Deutsche    13.500  6/28/2024     EUR    75.130
DZ Bank AG Deutsche    16.900  6/28/2024     EUR    69.030
DZ Bank AG Deutsche    16.700  6/28/2024     EUR    65.150
Leonteq Securities     10.000 11/19/2024     CHF    72.020
Leonteq Securities      8.000  5/22/2024     CHF    72.550
Leonteq Securities     26.000  5/22/2024     CHF    31.610
Leonteq Securities     24.000  5/22/2024     CHF    71.530
ACBA Bank OJSC         11.500  03/01/2026    AMD     0.000
National Mortgage C    12.000  3/30/2026     AMD     0.000
Evocabank CJSC         11.000  9/27/2025     AMD     0.000
Vontobel Financial     17.000  6/28/2024     EUR    66.974
Vontobel Financial     10.500  9/27/2024     EUR    72.307
Bank Vontobel AG       13.500  01/08/2025    CHF    50.400
ArmSwissBank CJSC       6.000 11/22/2024     USD     0.000
Testa Finance PLC       5.500  01/09/2029    EUR    98.000
UBS AG/London           6.250  5/19/2025     EUR    61.150
UBS AG/London           9.750 11/18/2024     EUR    62.700
Zurcher Kantonalban    10.000  5/17/2024     CHF    72.580
Zurcher Kantonalban    21.000  5/17/2024     CHF    40.390
UniCredit Bank GmbH    13.800  9/27/2024     EUR    69.870
UniCredit Bank GmbH    14.800  9/27/2024     EUR    68.030
UniCredit Bank GmbH    15.800  9/27/2024     EUR    66.460
UniCredit Bank GmbH    16.900  9/27/2024     EUR    65.100
UniCredit Bank GmbH    18.000  9/27/2024     EUR    63.860
UniCredit Bank GmbH    19.100  9/27/2024     EUR    62.760
DZ Bank AG Deutsche     1.850 12/29/2031     EUR    74.760
VTB Bank PJSC          10.000                RUB    60.500
VTB Bank PJSC          16.750                RUB    70.030
Landesbank Baden-Wu     3.100 10/23/2026     EUR    70.590
DZ Bank AG Deutsche     8.250  3/20/2024     EUR    62.750
DZ Bank AG Deutsche    10.250  3/20/2024     EUR    59.300
UniCredit Bank GmbH     7.450 11/18/2024     EUR    25.420
UniCredit Bank GmbH    14.900  6/28/2024     EUR    63.070
Landesbank Hessen-T     1.500 11/17/2036     EUR    69.400
DZ Bank AG Deutsche    14.800  9/27/2024     EUR    64.760
DZ Bank AG Deutsche    11.800  9/27/2024     EUR    62.860
DZ Bank AG Deutsche    22.500  9/27/2024     EUR    71.860
Leonteq Securities      8.600  08/12/2024    EUR    62.430
UniCredit Bank GmbH     3.500 11/18/2024     EUR    72.140
Bank Vontobel AG       10.000  11/04/2024    EUR    63.300
Vontobel Financial     20.000  6/28/2024     EUR    73.580
Vontobel Financial     23.500  3/22/2024     EUR    67.810
Vontobel Financial     22.500  3/22/2024     EUR    62.760
Vontobel Financial     20.500  6/28/2024     EUR    65.300
Vontobel Financial     21.000  3/22/2024     EUR    55.500
Vontobel Financial     16.000  6/28/2024     EUR    60.140
Vontobel Financial     11.500  6/28/2024     EUR    65.960
Vontobel Financial     25.000  3/22/2024     EUR    59.680
Vontobel Financial     17.000  3/22/2024     EUR    68.820
Vontobel Financial     15.500  6/28/2024     EUR    70.840
Leonteq Securities     12.000  6/17/2024     CHF    74.080
Swissquote Bank SA     19.410  3/20/2024     CHF    61.810
Leonteq Securities     16.000  3/20/2024     CHF    57.470
Corner Banca SA        22.000  3/20/2024     CHF    19.730
BNP Paribas Emissio    19.000  6/27/2024     EUR    53.900
BNP Paribas Emissio    21.000  6/27/2024     EUR    52.590
Raiffeisen Switzerl    15.000  3/20/2024     CHF    28.700
Bank Julius Baer &      7.300  3/21/2024     CHF    71.500
UBS AG/London          17.000  3/15/2024     CHF    95.300
Landesbank Baden-Wu     5.700  4/28/2025     EUR    75.430
DZ Bank AG Deutsche     5.000  4/24/2024     EUR    67.600
DZ Bank AG Deutsche     5.000  6/26/2024     EUR    65.650
Bank Vontobel AG       21.750  3/18/2024     CHF    17.600
BNP Paribas Emissio    15.000  6/27/2024     EUR    63.320
BNP Paribas Emissio    16.000  6/27/2024     EUR    59.030
BNP Paribas Emissio    18.000  6/27/2024     EUR    55.840
BNP Paribas Emissio    15.000 12/30/2024     EUR    61.050
BNP Paribas Emissio    16.000 12/30/2024     EUR    59.690
Raiffeisen Switzerl    20.000  3/20/2024     CHF    19.920
Raiffeisen Switzerl    11.000  6/17/2024     CHF    69.070
UBS AG/London          12.000  3/15/2024     CHF    68.850
UBS AG/London          22.000  3/15/2024     CHF    79.500
UBS AG/London          17.500  3/15/2024     CHF    44.250
Zurcher Kantonalban    17.000  3/15/2024     CHF    70.050
DekaBank Deutsche G     6.250  4/19/2024     EUR    66.950
Vontobel Financial     23.500  6/28/2024     EUR    66.610
BNP Paribas Issuanc     4.600  1/23/2024     EUR     4.340
BNP Paribas Issuanc     3.700  1/23/2024     EUR    21.750
BNP Paribas Issuanc     2.800  1/23/2024     EUR    45.400
BNP Paribas Issuanc     2.200  1/23/2024     EUR    36.190
BNP Paribas Issuanc     3.400  1/23/2024     EUR     3.100
BNP Paribas Issuanc     6.000  1/23/2024     EUR    58.150
BNP Paribas Issuanc     3.400  1/23/2024     EUR    17.420
Raiffeisen Schweiz      7.100  1/24/2024     CHF    58.290
Zurcher Kantonalban     7.500  1/18/2024     CHF    68.300
Sberbank of Russia      0.010  1/26/2027     RUB    67.500
Landesbank Baden-Wu     3.200  1/22/2027     EUR    68.040
UBS AG/London           5.000  02/09/2024    CHF    69.950
UBS AG/London          14.000  3/22/2024     CHF    67.850
Bank Vontobel AG       12.000  9/30/2024     EUR    46.600
Landesbank Hessen-T     1.750  2/16/2037     EUR    71.800
Leonteq Securities      8.200  1/17/2024     CHF    12.430
Leonteq Securities      5.200  1/17/2024     EUR    67.570
UBS AG/London          10.750  02/02/2024    EUR    34.450
Raiffeisen Schweiz      7.400  1/18/2024     CHF    68.230
Landesbank Baden-Wu     4.000  9/27/2024     EUR    70.230
Landesbank Baden-Wu     3.400  8/23/2024     EUR    29.570
Landesbank Baden-Wu     3.000  7/26/2024     EUR    68.550
Erste Group Bank AG     0.100  9/30/2032     EUR    75.150
DekaBank Deutsche G     1.000 12/23/2024     EUR    64.710
SG Issuer SA            1.050 11/20/2025     EUR    11.340
Nordea Bank Abp         2.000 12/29/2025     SEK    61.890
UniCredit Bank GmbH     4.000  1/26/2024     EUR    64.520
UBS AG/London          10.000  3/23/2026     USD    25.260
Landesbank Baden-Wu     3.500  6/27/2025     EUR    67.710
Sberbank of Russia      0.010  3/25/2026     RUB    72.310
Sberbank of Russia      0.010  3/27/2028     RUB    70.500
DekaBank Deutsche G     2.500  02/02/2024    EUR    23.690
UniCredit Bank GmbH    15.900  3/22/2024     EUR    50.410
UniCredit Bank GmbH    13.500  3/22/2024     EUR    62.170
UniCredit Bank GmbH    15.100  3/22/2024     EUR    66.700
UniCredit Bank GmbH    14.600  3/22/2024     EUR    68.060
UniCredit Bank GmbH    16.300  3/22/2024     EUR    65.100
UniCredit Bank GmbH    19.600  3/22/2024     EUR    72.860
UniCredit Bank GmbH    19.200  6/28/2024     EUR    65.750
UniCredit Bank GmbH    19.600  3/22/2024     EUR    69.650
UniCredit Bank GmbH    14.500  3/22/2024     EUR    73.480
UniCredit Bank GmbH    13.600  3/22/2024     EUR    68.340
UniCredit Bank GmbH    18.100  3/22/2024     EUR    66.620
UniCredit Bank GmbH    16.800  3/22/2024     EUR    68.250
UniCredit Bank GmbH    17.500  3/22/2024     EUR    66.830
UniCredit Bank GmbH    17.400  6/28/2024     EUR    68.730
UniCredit Bank GmbH    18.000  6/28/2024     EUR    67.700
UniCredit Bank GmbH    18.600  6/28/2024     EUR    66.710
Swissquote Bank SA     22.120  04/11/2024    CHF    58.750
Leonteq Securities     12.000  10/11/2024    EUR    72.100
DZ Bank AG Deutsche    23.900  6/28/2024     EUR    66.590
HSBC Trinkaus & Bur     7.100  3/28/2025     EUR    71.000
HSBC Trinkaus & Bur     5.200  6/27/2025     EUR    74.110
HSBC Trinkaus & Bur     5.600 11/22/2024     EUR    74.360
HSBC Trinkaus & Bur    18.500  9/27/2024     EUR    65.860
HSBC Trinkaus & Bur    17.300  9/27/2024     EUR    67.270
HSBC Trinkaus & Bur    15.000  9/27/2024     EUR    70.470
HSBC Trinkaus & Bur    13.700 12/30/2024     EUR    71.260
HSBC Trinkaus & Bur    15.000  3/28/2025     EUR    68.500
HSBC Trinkaus & Bur    12.600  3/28/2025     EUR    71.740
HSBC Trinkaus & Bur    15.200 11/22/2024     EUR    69.440
HSBC Trinkaus & Bur    14.800 12/30/2024     EUR    71.700
HSBC Trinkaus & Bur    18.000  9/27/2024     EUR    69.880
HSBC Trinkaus & Bur    16.000  3/28/2025     EUR    71.420
HSBC Trinkaus & Bur    15.600  9/27/2024     EUR    71.700
HSBC Trinkaus & Bur    15.700 11/22/2024     EUR    71.830
DZ Bank AG Deutsche     6.750  2/21/2024     EUR    75.550
Zurcher Kantonalban     7.500  7/19/2024     CHF    74.240
DZ Bank AG Deutsche    12.300  9/27/2024     EUR    69.680
DZ Bank AG Deutsche     9.500  9/27/2024     EUR    66.280
UniCredit Bank GmbH     6.600 11/18/2024     EUR    65.380
Bank Vontobel AG        6.500  11/04/2024    CHF    69.500
Vontobel Financial     24.000  6/28/2024     EUR    67.120
Vontobel Financial     21.000  6/28/2024     EUR    71.170
Vontobel Financial     25.000  6/28/2024     EUR    65.160
Sberbank of Russia      0.010 10/21/2026     RUB    69.700
Vontobel Financial     24.500  6/28/2024     EUR    60.940
Vontobel Financial     22.000  3/22/2024     EUR    71.030
Vontobel Financial     20.000  3/22/2024     EUR    66.300
Vontobel Financial     22.500  6/28/2024     EUR    62.980
Landesbank Hessen-T     2.000 11/25/2036     EUR    66.350
Vontobel Financial     19.000  6/28/2024     EUR    68.260
Vontobel Financial     17.000  6/28/2024     EUR    71.380
Vontobel Financial     17.500  3/22/2024     EUR    58.230
Vontobel Financial     11.500  3/22/2024     EUR    65.320
Vontobel Financial     14.000  3/22/2024     EUR    61.410
Vontobel Financial      9.000  3/22/2024     EUR    71.300
Vontobel Financial      8.500  6/28/2024     EUR    73.680
Vontobel Financial     13.500  6/28/2024     EUR    62.730
Vontobel Financial     19.000  6/28/2024     EUR    58.200
Vontobel Financial     24.000  3/22/2024     EUR    54.020
Vontobel Financial     12.500  6/28/2024     EUR    70.210
Sberbank of Russia      0.010  10/09/2026    RUB    75.600
Vontobel Financial     22.500  6/28/2024     EUR    69.040
Raiffeisen Schweiz      5.050 10/21/2024     CHF    67.930
Sberbank of Russia      0.010 10/20/2028     RUB    69.010
Sberbank of Russia      0.010 10/21/2026     RUB    75.200
Vontobel Financial     18.500  6/28/2024     EUR    66.930
UniCredit Bank GmbH     5.150 11/24/2025     EUR    67.400
Landesbank Hessen-T     0.750  12/02/2036    EUR    72.300
DekaBank Deutsche G     3.000 11/24/2025     EUR    60.230
Landesbank Baden-Wu     3.150 10/23/2026     EUR    70.320
Vontobel Financial      8.000  6/28/2024     EUR    64.307
VTB Bank PJSC           3.750                EUR    44.001
Raiffeisen Switzerl    10.500  08/05/2024    CHF    66.930
Raiffeisen Switzerl    20.000  05/10/2024    CHF    70.660
Societe Generale SA    21.460 10/17/2024     USD    69.000
VTB Bank PJSC           9.887                USD    33.070
UniCredit Bank GmbH     5.150 11/18/2024     EUR    18.430
UniCredit Bank GmbH     5.700 11/18/2024     EUR    18.990
UniCredit Bank GmbH    16.400  3/22/2024     EUR    59.500
Swissquote Bank SA     16.380  7/31/2024     CHF    36.890
UniCredit Bank GmbH    11.600 12/31/2024     EUR    73.230
UniCredit Bank GmbH    24.400  6/28/2024     EUR    66.870
UniCredit Bank GmbH    19.100  3/22/2024     EUR    57.330
UniCredit Bank GmbH    19.800  6/28/2024     EUR    64.840
UniCredit Bank GmbH    13.200  6/28/2024     EUR    75.760
UniCredit Bank GmbH    18.200  3/22/2024     EUR    65.470
UniCredit Bank GmbH    18.900  3/22/2024     EUR    64.170
UniCredit Bank GmbH    19.700  3/22/2024     EUR    62.960
UniCredit Bank GmbH    16.800  6/28/2024     EUR    69.970
Corner Banca SA        13.000  07/11/2024    CHF    72.720
Rosselkhozbank JSC     10.100                RUB    75.000
Zurcher Kantonalban    10.000  1/24/2025     CHF    72.940
Zurcher Kantonalban    15.000  04/03/2024    CHF    72.210
Vontobel Financial     11.000  3/22/2024     EUR    67.611
Vontobel Financial     16.250  3/22/2024     EUR    71.053
Vontobel Financial     11.250  3/22/2024     EUR    65.510
Goldman Sachs Inter     0.098  1/13/2025     EUR    13.250
Goldman Sachs Inter     0.060  1/13/2025     EUR    41.650
Goldman Sachs Inter     0.100  1/13/2025     EUR    12.200
Goldman Sachs Inter     0.070  1/13/2025     EUR    49.100
Leonteq Securities     24.000  01/09/2025    CHF    63.440
DekaBank Deutsche G     2.150  1/31/2025     EUR    73.170
Landesbank Hessen-T     5.578  1/26/2037     EUR    73.000
BNP Paribas Issuanc     3.700  1/23/2024     EUR    33.050
Bank Vontobel AG        7.200  1/19/2027     EUR    10.200
BNP Paribas Issuanc     3.400  1/23/2024     EUR    53.220
Sberbank of Russia      0.010  1/15/2027     RUB    70.000
Bank Vontobel AG       12.250  6/17/2024     CHF    48.400
DZ Bank AG Deutsche    23.700  3/22/2024     EUR    77.310
DZ Bank AG Deutsche    21.700  3/22/2024     EUR    59.770
UBS AG/London          26.000  3/22/2024     CHF    18.960
UBS AG/London          14.000  3/22/2024     CHF    67.850
Leonteq Securities     13.500  8/22/2024     CHF    73.320
Leonteq Securities     21.000  5/22/2024     USD    35.070
Leonteq Securities     15.000  5/22/2024     CHF    63.290
Raiffeisen Switzerl     8.200  5/19/2025     CHF    73.810
Vontobel Financial      8.500  6/28/2024     EUR    64.486
Vontobel Financial     14.500  6/28/2024     EUR    69.471
Landesbank Baden-Wu     3.750  2/27/2026     EUR    61.190
Leonteq Securities      7.000  1/17/2024     CHF    50.270
Corner Banca SA         8.000  1/17/2024     CHF    50.480
Leonteq Securities      5.000  1/17/2024     CHF    67.520
Nordea Bank Abp         2.000  02/03/2027    SEK    73.200
Raiffeisen Switzerl     5.800  1/17/2024     CHF    68.420
DekaBank Deutsche G     3.500  2/14/2025     EUR    71.550
Vontobel Financial     25.000  6/28/2024     EUR
Vontobel Financial     22.000  6/28/2024     EUR
Vontobel Financial     16.000  6/28/2024     EUR    61.054
Raiffeisen Switzerl    16.000  5/22/2024     CHF    33.410
Raiffeisen Switzerl    20.000  5/22/2024     CHF    37.020
Vontobel Financial     12.000  3/22/2024     EUR    66.238
Vontobel Financial     23.500  6/28/2024     EUR
Vontobel Financial     19.000  6/28/2024     EUR    71.230
Erste Group Bank AG    10.750  3/31/2026     EUR    71.500
Landesbank Baden-Wu     3.250  01/02/2026    EUR    57.090
Sberbank of Russia      0.010 11/30/2028     RUB    71.600
Vontobel Financial      5.150  3/19/2025     EUR    33.630
Societe Generale SA    16.750  3/22/2024     USD     8.000
Landesbank Hessen-T     1.580 12/16/2036     EUR    70.800
Landesbank Baden-Wu     4.000  6/27/2025     EUR    64.220
Bank Vontobel AG        4.750  5/31/2024     CHF    68.300
Sberbank of Russia      0.010 11/27/2026     RUB    69.300
UniCredit Bank GmbH     4.650 12/30/2024     USD    50.620
DekaBank Deutsche G     3.300  01/12/2026    EUR    55.190
Landesbank Baden-Wu     2.300  01/02/2026    EUR    68.110
Sberbank of Russia      0.010  12/07/2026    RUB    66.100
DekaBank Deutsche G     2.050  04/12/2024    EUR    51.550
Gazprombank JSC         4.500  5/14/2032     USD    74.000
DekaBank Deutsche G     3.350  04/08/2024    EUR    54.440
SG Issuer SA            5.000  5/23/2024     EUR    55.210
SG Issuer SA            5.000  04/02/2024    EUR    55.840
Vontobel Financial      8.500  9/27/2024     EUR    59.770
Leonteq Securities     10.000  8/22/2024     CHF    65.850
SG Issuer SA            2.100  12/06/2033    EUR    49.360
Gazprombank JSC         3.250  5/24/2032     EUR    64.000
German Real Estate      3.000                EUR    67.000
UBS AG/London           9.500  6/17/2024     CHF    66.450
UBS AG/London          14.500  06/10/2024    CHF    65.200
SG Issuer SA           11.170  7/20/2025     SEK    59.230
UniCredit Bank GmbH    16.800  3/22/2024     EUR    47.080
BNP Paribas Emissio     1.400  06/04/2026    EUR    38.410
BNP Paribas Emissio     1.450  06/04/2026    EUR    72.430
Leonteq Securities     21.000  06/05/2024    CHF    66.930
Swissquote Bank SA     26.980  06/05/2024    CHF    34.520
Raiffeisen Switzerl    13.400  5/30/2024     CHF    68.430
BNP Paribas Emissio     5.000  6/27/2024     EUR    74.610
HSBC Trinkaus & Bur    23.250  3/22/2024     EUR    47.490
HSBC Trinkaus & Bur    11.250  6/27/2025     EUR    69.470
Leonteq Securities     20.000  8/30/2024     CHF    66.830
DZ Bank AG Deutsche     4.500  9/25/2024     EUR    71.180
UniCredit Bank GmbH    14.700  6/28/2024     EUR    68.540
Vontobel Financial     16.000  3/22/2024     EUR    65.860
Raiffeisen Switzerl    19.000  3/13/2024     CHF    55.840
BNP Paribas Emissio     8.500  6/27/2024     EUR    72.240
BNP Paribas Emissio    10.000  6/27/2024     EUR    70.220
BNP Paribas Emissio    11.000  6/27/2024     EUR    68.170
BNP Paribas Emissio    16.000  6/27/2024     EUR    61.920
BNP Paribas Emissio    10.000  6/27/2024     EUR    73.420
BNP Paribas Emissio     9.500  6/27/2024     EUR    68.960
BNP Paribas Emissio    15.000  6/27/2024     EUR    61.080
BNP Paribas Emissio    16.000  6/27/2024     EUR    75.620
HSBC Trinkaus & Bur    10.200  3/22/2024     EUR    70.350
HSBC Trinkaus & Bur     8.100  2/23/2024     EUR    75.420
DZ Bank AG Deutsche     6.500  3/20/2024     EUR    72.060
DZ Bank AG Deutsche    10.750  3/20/2024     EUR    73.690
Landesbank Hessen-T     1.500  8/23/2034     EUR    73.800
Leonteq Securities      8.000  8/30/2024     CHF    60.950
Landesbank Hessen-T     1.450  07/10/2035    EUR    73.800
UniCredit Bank GmbH     4.750  7/22/2024     EUR    78.550
ArmSwissBank CJSC       9.000  06/01/2025    AMD     0.000
ArmSwissBank CJSC       6.000  06/01/2026    USD     0.000
Landesbank Hessen-T     1.200  8/28/2035     EUR    72.200
Landesbank Hessen-T     1.350  7/30/2035     EUR    72.800
Landesbank Hessen-T     1.000  08/06/2035    EUR    71.200
Bank Julius Baer &     13.350  5/14/2024     CHF    69.250
Zurcher Kantonalban    12.500  02/09/2024    CHF    63.170
DZ Bank AG Deutsche    14.400  3/22/2024     EUR    74.630
DZ Bank AG Deutsche     9.600  2/23/2024     EUR    57.600
DZ Bank AG Deutsche     6.400  6/28/2024     EUR    62.710
DZ Bank AG Deutsche    11.200  6/28/2024     EUR    55.550
DZ Bank AG Deutsche    11.600  3/22/2024     EUR    66.800
DZ Bank AG Deutsche    11.100  6/28/2024     EUR    67.300
DZ Bank AG Deutsche    21.100  6/28/2024     EUR    51.600
DZ Bank AG Deutsche    16.000  6/28/2024     EUR    63.500
UBS AG/London          13.500  8/15/2024     CHF    57.950
Vontobel Financial     23.000  3/22/2024     EUR    66.500
Vontobel Financial     21.000  3/22/2024     EUR    69.560
Vontobel Financial     19.000  3/22/2024     EUR    73.110
Vontobel Financial     21.000  3/22/2024     EUR    72.070
Vontobel Financial     10.500  3/22/2024     EUR    62.870
Vontobel Financial     12.500  3/22/2024     EUR    59.160
Vontobel Financial      8.500  3/22/2024     EUR    67.200
Vontobel Financial     23.000  3/22/2024     EUR    53.510
Vontobel Financial     25.000  3/22/2024     EUR    50.060
Vontobel Financial     22.000  3/22/2024     EUR    55.370
Vontobel Financial     21.000  3/22/2024     EUR    57.600
Vontobel Financial     24.000  3/22/2024     EUR    51.760
Vontobel Financial     20.000  3/22/2024     EUR    59.840
Vontobel Financial     17.500  3/22/2024     EUR    52.380
Vontobel Financial     18.500  3/22/2024     EUR    50.030
Vontobel Financial     23.000  3/22/2024     EUR    44.580
Vontobel Financial     21.500  3/22/2024     EUR    46.180
Vontobel Financial     20.000  3/22/2024     EUR    47.990
Vontobel Financial     16.000  3/22/2024     EUR    54.820
Vontobel Financial     17.500  3/22/2024     EUR    53.330
Vontobel Financial     14.500  3/22/2024     EUR    55.950
Vontobel Financial     20.000  3/22/2024     EUR    50.970
Vontobel Financial     24.500  3/22/2024     EUR    43.120
Vontobel Financial     25.000  3/22/2024     EUR    42.390
Vontobel Financial     24.000  3/22/2024     EUR    59.880
Vontobel Financial     18.000  3/22/2024     EUR    68.890
DekaBank Deutsche G     6.150  8/29/2025     EUR    63.380
UBS AG/London           5.500  02/12/2024    CHF    63.400
UBS AG/London           7.250  02/12/2024    CHF    48.200
Bank Julius Baer &     17.200  2/16/2024     CHF    41.200
UBS AG/London           7.500  02/12/2024    CHF    58.700
BNP Paribas Emissio    22.000  3/21/2024     EUR    65.990
BNP Paribas Emissio    17.000  6/27/2024     EUR    70.730
BNP Paribas Emissio    18.000  6/27/2024     EUR    67.770
BNP Paribas Emissio    14.000  3/21/2024     EUR    70.820
BNP Paribas Emissio    17.000  3/21/2024     EUR    68.720
BNP Paribas Emissio    20.000  3/21/2024     EUR    65.650
Citigroup Global Ma     4.950 10/19/2029     CHF    10.004
Raiffeisen Switzerl    20.000  1/16/2024     CHF    18.900
Raiffeisen Switzerl    17.000  1/16/2024     CHF    42.230
Leonteq Securities     11.000  5/13/2024     CHF    38.930
Vontobel Financial      9.650  2/13/2024     CHF    71.860
Bank Julius Baer &     12.720  2/17/2025     CHF    71.250
Raiffeisen Switzerl    16.500  2/13/2024     CHF    68.850
Raiffeisen Switzerl    17.000  2/13/2024     CHF    15.310
Raiffeisen Switzerl    18.000  2/13/2024     CHF    67.060
Raiffeisen Switzerl    14.000  2/13/2024     CHF    37.250
Bank Vontobel AG       17.500  02/12/2024    CHF    63.900
Bank Vontobel AG       23.000  02/12/2024    CHF    16.000
Bank Vontobel AG       25.000  02/12/2024    CHF    16.500
DZ Bank AG Deutsche    12.800  3/22/2024     EUR    54.500
DZ Bank AG Deutsche     8.600  6/28/2024     EUR    58.670
DZ Bank AG Deutsche    15.300  3/22/2024     EUR    60.070
UBS AG/London          19.000  2/15/2024     CHF    35.150
Raiffeisen Switzerl     6.000  1/22/2024     CHF    65.860
Swissquote Bank SA     28.900  1/23/2024     CHF    18.100
Societe Generale Ef    13.250  8/23/2024     EUR    72.470
Leonteq Securities     20.000  1/23/2024     CHF    61.290
Raiffeisen Switzerl    18.000  1/23/2024     CHF    46.850
Raiffeisen Switzerl    20.000  1/24/2024     CHF    61.310
Raiffeisen Schweiz      4.500  4/29/2025     CHF    65.670
Raiffeisen Schweiz      7.600  1/19/2024     CHF    64.980
Raiffeisen Schweiz      6.000  4/19/2024     CHF    64.240
Leonteq Securities     10.000  7/23/2024     CHF    67.590
Leonteq Securities     24.000  1/23/2024     CHF    16.890
UniCredit Bank GmbH    19.600  3/22/2024     EUR    62.900
Leonteq Securities      7.000  4/25/2024     CHF    59.200
Leonteq Securities     19.000  1/23/2024     EUR    47.590
DekaBank Deutsche G     2.600  4/26/2024     EUR    50.820
Leonteq Securities      8.000  4/25/2024     CHF    54.890
ArmSwissBank CJSC       6.750  6/15/2024     USD     0.000
TKK OOO                10.900 12/31/2033     RUB    60.100
Goldman Sachs Inter    16.288  3/17/2027     USD    41.190
Zurcher Kantonalban     2.550  8/26/2024     CHF    13.820
Zurcher Kantonalban     4.500  09/02/2024    CHF    70.540
UniCredit Bank GmbH     4.200  9/29/2025     EUR    40.450
Leonteq Securities      5.500  8/26/2024     CHF    52.740
DZ Bank AG Deutsche    18.900  3/22/2024     EUR    56.500
DZ Bank AG Deutsche    22.900  3/22/2024     EUR    52.280
DZ Bank AG Deutsche    17.500  3/22/2024     EUR    66.200
UniCredit Bank GmbH    10.500  9/23/2024     EUR    39.300
DZ Bank AG Deutsche    18.700  3/22/2024     EUR    73.280
Vontobel Financial     20.000  6/28/2024     EUR    58.980
Vontobel Financial     21.500  6/28/2024     EUR    56.890
Vontobel Financial     16.500  6/28/2024     EUR    58.670
Vontobel Financial     19.500  6/28/2024     EUR    56.920
Vontobel Financial     21.500  6/28/2024     EUR    63.561
Vontobel Financial     11.000  6/28/2024     EUR    51.084
Vontobel Financial     12.000  6/28/2024     EUR    72.230
Basler Kantonalbank    17.000  7/19/2024     CHF    71.880
Societe Generale SA    12.000  09/05/2024    USD    55.000
Landesbank Baden-Wu     2.600  2/28/2025     EUR    61.720
Vontobel Financial     10.500  3/22/2024     EUR    56.467
Senivita Social Est     8.500  6/30/2025     EUR     0.020
Bank Julius Baer &      7.150  05/03/2024    CHF    68.800
DZ Bank AG Deutsche     8.250  6/26/2024     EUR    67.790
Zurcher Kantonalban    12.000  4/26/2024     EUR    61.250
UBS AG/London          18.750  4/26/2024     CHF    24.400
UBS AG/London           8.500  4/26/2024     CHF    64.700
Raiffeisen Schweiz     10.200 10/28/2024     CHF    68.480
Raiffeisen Schweiz     15.000  05/02/2024    CHF    56.390
Bank Vontobel AG       10.500  7/29/2024     EUR    61.100
DZ Bank AG Deutsche     0.680  06/07/2024    EUR    67.610
UBS AG/London          12.000  11/04/2024    EUR    74.950
Basler Kantonalbank    26.000  05/08/2024    CHF    33.030
Leonteq Securities     30.000  05/08/2024    CHF    30.290
Vontobel Financial      8.500  6/28/2024     EUR    67.610
Societe Generale SA    25.260 10/30/2025     USD    10.000
Landesbank Hessen-T     1.300  9/25/2035     EUR    72.200
UniCredit Bank GmbH    16.200  3/22/2024     EUR    74.650
Erste Group Bank AG    11.500  5/31/2024     EUR    70.400
Erste Group Bank AG     9.250  5/31/2024     EUR    70.450
UBS AG/London          14.250  8/19/2024     CHF    52.350
Landesbank Baden-Wu     1.000  08/12/2039    EUR    68.850
Landesbank Baden-Wu     0.750  08/12/2039    EUR    70.370
SG Issuer SA            1.600  08/07/2034    EUR    14.580
Sovcombank Leasing      9.250  5/19/2025     RUB    65.000
Zurcher Kantonalban    17.000  02/07/2024    CHF    61.450
Zurcher Kantonalban    23.000  02/08/2024    CHF    64.330
Zurcher Kantonalban    21.750  02/08/2024    CHF    41.270
Luzerner Kantonalba    12.750  06/12/2024    CHF    56.090
Vontobel Financial     15.750  6/28/2024     EUR    70.815
Leonteq Securities     16.000  6/20/2024     CHF    35.240
Vontobel Financial     20.500  3/22/2024     EUR    61.700
UBS AG/London           7.540  07/03/2024    USD     9.840
Bank Julius Baer &      8.900  10/07/2024    EUR    62.950
Swissquote Bank SA     11.700  6/19/2024     CHF    69.110
Leonteq Securities      8.010  6/27/2024     CHF    60.850
Leonteq Securities     16.000  3/27/2024     CHF    60.860
Bank Julius Baer &      7.100 12/20/2024     CHF    70.400
Bank Julius Baer &      9.100  6/20/2024     CHF    72.800
UBS AG/London          18.500  6/14/2024     CHF    29.040
UBS AG/London          14.000  1/18/2024     USD     7.030
Landesbank Hessen-T     1.800  06/09/2036    EUR    68.750
Landesbank Baden-Wu     5.500  8/23/2024     EUR    37.240
Landesbank Baden-Wu     9.200  8/23/2024     EUR    29.630
Landesbank Baden-Wu     6.500  8/23/2024     EUR    74.890
UniCredit Bank GmbH     5.000  8/25/2025     EUR    73.300
Raiffeisen Switzerl     9.100  8/26/2024     CHF    70.860
Leonteq Securities     20.000  07/09/2024    USD    60.160
UBS AG/London          18.000  2/26/2024     CHF    49.600
DZ Bank AG Deutsche    11.000  3/22/2024     EUR    65.210
DZ Bank AG Deutsche    16.700  3/22/2024     EUR    61.520
DZ Bank AG Deutsche    14.700  3/22/2024     EUR    61.550
DZ Bank AG Deutsche    16.200  3/22/2024     EUR    71.340
DZ Bank AG Deutsche    17.900  3/22/2024     EUR    73.420
UniCredit Bank GmbH    10.700  2/17/2025     EUR    30.300
UniCredit Bank GmbH     7.400  12/09/2024    EUR    41.800
Landesbank Baden-Wu     3.000 10/25/2024     EUR    36.590
VTB Bank PJSC           0.010 10/14/2026     RUB    70.140
Landesbank Hessen-T     0.750 11/17/2036     EUR    72.500
UniCredit Bank GmbH     4.550 12/22/2025     EUR    50.940
UniCredit Bank GmbH     6.600  9/22/2025     EUR    39.960
HSBC Trinkaus & Bur     9.600  3/22/2024     EUR    71.620
HSBC Trinkaus & Bur     7.800  6/28/2024     EUR    75.330
Landesbank Baden-Wu     7.200  8/23/2024     EUR    32.520
Landesbank Baden-Wu     7.900  8/23/2024     EUR    70.300
Vontobel Financial     23.000  3/22/2024     EUR    70.590
UBS AG/London          16.750  2/15/2024     EUR    43.950
Region of Chelyabin     6.000 12/17/2027     RUB    65.000
Landesbank Baden-Wu     2.850  1/23/2026     EUR    70.510
Zurcher Kantonalban     9.250  2/16/2024     CHF    66.510
Bank Vontobel AG       10.000  2/19/2024     CHF    39.700
DekaBank Deutsche G     2.500  5/17/2024     EUR    59.180
UBS AG/London           7.800  4/20/2026     EUR    51.340
DZ Bank AG Deutsche    18.600  3/22/2024     EUR    59.550
Bank Vontobel AG       14.500  1/16/2024     CHF    58.100
Leonteq Securities     19.000  1/30/2024     CHF    30.630
Leonteq Securities     14.000  4/30/2024     CHF    33.460
Leonteq Securities     22.000  1/30/2024     CHF    16.000
Leonteq Securities     10.000  5/30/2024     CHF    54.600
Leonteq Securities      8.000  5/30/2024     CHF    70.050
Societe Generale Ef     8.500  1/26/2024     EUR    72.170
Leonteq Securities      6.000  1/24/2025     CHF    13.000
Swissquote Bank SA     21.920  1/30/2024     CHF    48.630
Leonteq Securities     15.000  4/30/2024     CHF    43.700
Raiffeisen Switzerl    20.000  1/30/2024     CHF    60.780
Raiffeisen Switzerl    16.000  1/30/2024     CHF    38.770
Raiffeisen Switzerl    20.000  1/30/2024     CHF    48.420
Leonteq Securities     14.000  12/09/2024    CHF    73.660
Swissquote Bank SA     25.080  06/12/2024    CHF    66.690
Swissquote Bank SA     12.120  09/09/2024    CHF    70.710
Swissquote Bank SA     10.550  06/12/2024    CHF    65.950
Zurcher Kantonalban    10.000  06/06/2024    CHF    72.650
Bank Julius Baer &      8.100  05/03/2024    CHF    73.150
UBS AG/London           8.000 10/28/2024     EUR    70.500
DekaBank Deutsche G     7.500  5/31/2024     EUR    66.840
Raiffeisen Switzerl    20.000  05/08/2024    EUR    62.210
Raiffeisen Schweiz      9.000  05/02/2025    CHF    71.430
Raiffeisen Schweiz     18.400  05/02/2024    CHF    28.590
Raiffeisen Schweiz      8.000  05/02/2025    CHF    73.540
Bank Vontobel AG       23.500  4/29/2024     CHF    28.900
Landesbank Hessen-T     1.000  06/12/2035    EUR    73.200
Zurcher Kantonalban    10.000  06/06/2024    CHF    66.990
Zurcher Kantonalban    10.000 10/25/2024     CHF    71.620
Vontobel Financial     10.750  6/28/2024     EUR    60.540
Raiffeisen Bank Int    12.518  9/25/2024     EUR    67.850
Raiffeisen Bank Int    13.503  9/25/2024     EUR    65.870
Raiffeisen Bank Int    14.558  9/25/2024     EUR    75.520
Vontobel Financial      8.750  6/28/2024     EUR    66.090
Vontobel Financial     11.750  6/28/2024     EUR    58.805
Vontobel Financial      7.500  6/28/2024     EUR    67.571
Vontobel Financial     11.000  6/28/2024     EUR    58.228
Vontobel Financial     11.250  6/28/2024     EUR    67.240
Societe Generale SA    15.760  8/13/2026     USD    53.060
Landesbank Hessen-T     1.150  9/22/2036     EUR    67.400
EFG International F    10.300  8/23/2024     USD    39.710
Converse Bank           9.750  4/20/2024     AMD     9.970
SG Issuer SA            3.100  5/18/2028     EUR    70.980
Societe Generale SA     8.000  8/18/2026     USD    69.000
Leonteq Securities      7.000  4/29/2024     CHF    60.290
Landesbank Baden-Wu     4.000  6/26/2026     EUR    65.660
UBS AG/London           7.250  4/22/2024     CHF    62.400
UBS AG/London           4.500  4/22/2024     CHF    62.700
Landesbank Baden-Wu     7.600  4/26/2024     EUR    53.090
Landesbank Baden-Wu     6.400  4/26/2024     EUR    65.940
Landesbank Baden-Wu     8.800  4/26/2024     EUR    25.960
Landesbank Baden-Wu     8.600  4/26/2024     EUR    49.250
Landesbank Baden-Wu     3.500  4/26/2024     EUR    69.380
Landesbank Baden-Wu     4.600  4/26/2024     EUR    63.510
DekaBank Deutsche G     4.250  6/30/2025     EUR    64.320
TD Myasnichy OOO       13.500  2/17/2024     RUB    50.420
Russian Railways JS     8.420 10/15/2040     RUB    50.000
DeltaCredit Bank JS     1.000  9/29/2026     RUB    74.000
Vontobel Financial      9.500  3/22/2024     EUR    59.350
Vontobel Financial     16.000  3/22/2024     EUR    49.273
UniCredit Bank GmbH     3.450  04/02/2024    EUR    59.100
Leonteq Securities     24.500  1/26/2024     CHF    12.510
Societe Generale Ef    13.500  1/26/2024     EUR    60.940
Leonteq Securities     18.000  1/30/2024     CHF    30.430
Leonteq Securities     19.000  4/30/2024     USD    65.050
Swissquote Bank SA     17.900  1/30/2024     CHF    39.440
Bank Julius Baer &      7.950  1/24/2024     CHF    71.850
Ingrad AO              15.500  2/27/2030     RUB    63.000
DZ Bank AG Deutsche     5.250  2/21/2024     EUR    62.570
Banque Internationa    19.000  1/24/2024     CHF    46.970
DZ Bank AG Deutsche     9.600  3/22/2024     EUR    63.490
Zurcher Kantonalban    20.000  1/23/2024     CHF    54.960
Zurcher Kantonalban    12.000  7/23/2024     EUR    72.140
Leonteq Securities      8.000  1/26/2024     EUR    61.470
UniCredit Bank GmbH    12.500  2/21/2024     EUR    62.170
Landesbank Baden-Wu     6.000  6/26/2026     EUR    68.330
Raiffeisen Schweiz      6.400  5/13/2024     CHF    50.020
Bank Julius Baer &     10.150  5/21/2024     USD    60.900
DZ Bank AG Deutsche     7.100  3/22/2024     EUR    69.260
UniCredit Bank GmbH     7.650  2/14/2024     EUR    58.160
Vontobel Financial     13.000  3/22/2024     EUR    59.960
Raiffeisen Schweiz      9.800  5/21/2024     CHF    63.260
DekaBank Deutsche G     3.400  7/19/2024     EUR    25.850
Zurcher Kantonalban    16.250  1/18/2024     CHF    27.150
UniCredit Bank GmbH     8.700  2/21/2024     EUR    69.960
Landesbank Hessen-T     1.000  3/20/2035     EUR    69.300
Raiffeisen Schweiz      6.600  5/13/2024     CHF    68.220
Raiffeisen Schweiz      6.200  5/13/2024     CHF    73.120
Federal Grid Co - R     6.600  10/02/2035    RUB    74.300
Landesbank Hessen-T     0.800 11/26/2035     EUR    67.950
ArmSwissBank CJSC       6.500  05/02/2025    USD     0.000
Bank Vontobel AG       23.000  06/04/2024    CHF    66.000
UBS AG/London          12.500  12/02/2024    CHF    73.650
DZ Bank AG Deutsche     8.700  9/27/2024     EUR    71.540
DZ Bank AG Deutsche     8.400  6/28/2024     EUR    72.930
DZ Bank AG Deutsche    19.200  3/22/2024     EUR    52.830
UBS AG/London           8.750  06/10/2025    CHF    72.650
Zurcher Kantonalban    10.000  5/31/2024     CHF    73.520
UBS AG/London          18.750  5/31/2024     CHF    29.960
DZ Bank AG Deutsche     7.700  9/27/2024     EUR    74.160
DZ Bank AG Deutsche     9.600  6/28/2024     EUR    70.060
Bank Julius Baer &      8.350  09/06/2024    CHF    68.500
Citigroup Global Ma     8.200  3/21/2024     SEK    62.100
Bank Julius Baer &      9.900  3/27/2024     CHF    67.800
Lehman Brothers Tre     7.600  3/26/2009     EUR     0.100
Landesbank Hessen-T     0.900  11/10/2036    EUR    67.608
Citigroup Global Ma     1.150  10/06/2036    EUR    69.799
Citigroup Global Ma     1.080  10/01/2036    EUR    69.519
Dolphin Drilling AS     4.490  8/28/2019     NOK     0.644
Landesbank Baden-Wu     0.660  10/09/2034    EUR    68.437
Lehman Brothers Tre     6.850 12/22/2008     EUR     0.100
Landesbank Baden-Wu     0.060  10/04/2030    EUR    74.865
Credit Agricole Cor    15.700  10/07/2026    TRY    67.922
Erste Group Bank AG     0.560  9/29/2033     EUR    70.159
DZ Bank AG Deutsche     0.850 10/15/2036     EUR    74.875
Kommunalkredit Aust     1.055  10/06/2031    EUR    74.648
HSBC Bank PLC           2.102  1/30/2047     EUR    73.082
Landesbank Baden-Wu     0.500  6/16/2031     EUR    75.414
Landesbank Hessen-T     0.820  8/23/2035     EUR    69.685
Hypo Vorarlberg Ban     0.500  6/23/2031     EUR    74.823
Landesbank Hessen-T     0.750  7/21/2034     EUR    71.993
Landesbank Hessen-T     1.050  7/21/2036     EUR    69.717
DNB Boligkreditt AS     1.533  1/27/2042     EUR    75.163
Citigroup Global Ma     1.010 10/28/2035     EUR    71.292
Landesbank Baden-Wu     0.440  07/09/2031    EUR    74.868
LFA Foerderbank Bay     0.160  01/02/2040    EUR    64.781
Wirtschafts- und In     0.031  1/22/2036     EUR    69.141
DZ Bank AG Deutsche     0.510  1/25/2036     EUR    66.611
DZ Bank AG Deutsche     0.500  03/02/2038    EUR    61.152
Oberoesterreichisch     0.655  1/25/2036     EUR    63.553
Sovcombank Via SovC     3.400  1/26/2025     USD     3.086
Barclays Bank PLC       2.230  1/26/2036     USD    71.737
Citigroup Global Ma     2.250  1/26/2036     USD    73.338
Natixis SA              2.300  02/02/2036    USD    74.103
Credit Industriel E     2.250  1/28/2036     USD    73.529
Wirtschafts- und In     0.192  1/28/2042     EUR    58.482
Wirtschafts- und In     0.208  1/28/2043     EUR    56.428
Societe Generale SA     2.300  1/28/2036     USD    68.584
Centre Hospitalier      0.950  02/05/2041    EUR    62.154
Communaute Francais     0.750  02/04/2061    EUR    41.540
Oberoesterreichisch     0.705  1/29/2036     EUR    63.984
Barclays Bank PLC       1.011  02/01/2041    EUR    62.871
DZ Bank AG Deutsche     0.200  10/02/2034    EUR    67.164
DZ Bank AG Deutsche     0.460 12/20/2035     EUR    65.890
Landesbank Baden-Wu     0.820  02/01/2039    EUR    62.340
Region Hauts-de-Fra     0.361  2/18/2041     EUR    58.182
Aktia Bank Oyj          0.690  02/04/2036    EUR    68.705
Landesbank Hessen-T     0.500  03/10/2034    EUR    68.813
Landesbank Baden-Wu     0.480  2/26/2032     EUR    73.397
Landesbank Baden-Wu     0.570  2/27/2034     EUR    68.939
Credit Agricole Cor    11.190  03/12/2027    TRY    55.983
Landesbank Baden-Wu     0.640  2/26/2036     EUR    65.740
Kreditanstalt fuer      0.160  2/16/2036     EUR    72.586
DZ Bank AG Deutsche     0.600  2/19/2036     EUR    67.295
Norddeutsche Landes     0.525  03/10/2033    EUR    73.113
Landesbank Hessen-T     0.600  3/18/2036     EUR    66.196
NRW Bank                0.729  02/11/2051    EUR    54.792
Norddeutsche Landes     0.700  03/12/2036    EUR    66.565
Nederlandse Watersc     0.955  2/13/2051     EUR    59.086
Communaute Francais     0.392  1/22/2041     EUR    59.144
DZ Bank AG Deutsche     0.420  2/17/2033     EUR    73.821
ING Bank NV             2.250  2/26/2036     USD    74.315
Landeskreditbank Ba     0.547  2/18/2041     EUR    67.323
DZ Bank AG Deutsche     0.600  2/25/2036     EUR    67.111
Wirtschafts- und In     0.321  2/18/2041     EUR    62.022
Banque Internationa     1.250  2/18/2041     EUR    63.901
Grand Delta Habitat     1.425  2/26/2048     EUR    60.856
Wirtschafts- und In     0.245  2/25/2036     EUR    72.704
Credit Agricole Cor     2.800  2/23/2041     AUD    63.329
NRW Bank                0.675  2/25/2041     EUR    67.075
Landesbank Baden-Wu     0.600  03/05/2036    EUR    65.333
Landesbank Baden-Wu     0.520  03/06/2034    EUR    68.500
Credit Agricole Cor     2.480  03/04/2036    USD    73.361
Landesbank Baden-Wu     0.420  03/05/2032    EUR    72.936
Region of Pays de l     0.570  03/10/2036    EUR    71.501
Citigroup Global Ma     1.000  3/19/2041     EUR    61.119
Citigroup Global Ma     0.520  3/19/2033     EUR    72.960
Caisse des Depots e     2.730  03/02/2041    AUD    68.492
Kuntarahoitus Oyj       1.449  03/01/2061    EUR    71.782
Credit Agricole Cor     0.310  2/24/2033     EUR    72.888
Region of Pays de l     0.427  03/09/2034    EUR    75.041
Region of Pays de l     0.449  03/09/2035    EUR    72.674
Societe Generale SA     2.630  03/02/2036    USD    71.212
Landesbank Baden-Wu     0.580  03/02/2033    EUR    71.446
Landesbank Baden-Wu     0.210  2/26/2031     EUR    73.080
UBS Group AG            2.490  03/04/2036    USD    72.962
Barclays Bank PLC       2.560  03/09/2036    USD    74.389
BPCE SA                 2.614  03/04/2036    AUD    69.013
Banque Internationa     1.300  03/04/2041    EUR    64.165
Goldman Sachs Inter     2.520  03/03/2036    USD    73.312
Goldman Sachs Inter     2.200  02/01/2036    USD    70.670
Credit Agricole SA      3.450  03/04/2041    AUD    56.190
Department of Bouch     0.561  9/15/2035     EUR    75.196
Muenchener Hypothek     1.000  6/30/2037     EUR    68.380
Landesbank Hessen-T     0.950  04/09/2036    EUR    69.374
Autonomous Communit     1.744  07/01/2061    EUR    52.522
Landesbank Baden-Wu     0.720  6/22/2035     EUR    67.653
Landesbank Baden-Wu     0.520  12/09/2031    EUR    74.242
SpareBank 1 SR-Bank     1.020  10/08/2036    EUR    69.975
NRW Bank                1.048  10/11/2041    EUR    70.912
NRW Bank                0.921 10/20/2041     EUR    69.362
Norddeutsche Landes     1.050 11/17/2036     EUR    68.491
Autonomous Communit     1.442 10/26/2049     EUR    59.243
Norddeutsche Landes     1.560 10/20/2038     EUR    69.579
Norddeutsche Landes     0.950  08/03/2033    EUR    75.337
Liga Bank eG Regens     0.650  6/26/2034     EUR    74.157
Bank fuer Kirche un     0.800  11/12/2035    EUR    72.420
Credit Agricole Cor    11.640  3/24/2027     TRY    56.769
NRW Bank                1.070  03/10/2051    EUR    60.596
SG Issuer SA            0.600  03/07/2033    EUR    74.651
Landesbank Hessen-T     0.800  4/15/2036     EUR    67.923
Societe Generale SA     2.700  3/25/2036     USD    71.593
Norddeutsche Landes     0.550  04/12/2033    EUR    73.057
Credit Agricole Cor     3.200  03/11/2036    AUD    74.777
Citigroup Global Ma     2.900  3/15/2041     USD    73.013
Landesbank Baden-Wu     0.700  3/30/2034     EUR    69.809
Landesbank Baden-Wu     0.600  3/30/2032     EUR    73.960
Credit Agricole CIB     0.550  3/17/2033     EUR    73.118
Norddeutsche Landes     0.800  04/08/2036    EUR    67.345
Landesbank Hessen-T     0.820 12/17/2035     EUR    68.892
Societe Generale SF     0.570  3/15/2036     EUR    74.291
Landesbank Hessen-T     0.790  5/18/2035     EUR    70.085
Landesbank Hessen-T     0.800  5/18/2035     EUR    70.179
Goldman Sachs Inter     3.200  3/16/2041     AUD    64.665
Credit Agricole Cor     3.200  3/19/2041     AUD    66.562
Wirtschafts- und In     0.421  3/17/2039     EUR    67.225
Landesbank Hessen-T     0.720  12/11/2034    EUR    70.606
Purple Protected As     1.570  4/30/2061     EUR    48.826
Barclays Bank PLC       3.020  3/26/2051     USD    63.784
Landesbank Baden-Wu     0.300  3/17/2033     EUR    73.756
Landesbank Baden-Wu     1.000  3/18/2039     EUR    64.100
Norddeutsche Landes     0.775  4/20/2033     EUR    74.635
Norddeutsche Landes     1.310  3/23/2039     EUR    66.068
Aareal Bank AG          0.520  4/18/2031     EUR    73.453
Department of Bouch     0.668  04/01/2042    EUR    62.386
Department of Bouch     0.671  05/05/2042    EUR    62.261
Oberoesterreichisch     0.445  3/28/2036     EUR    70.261
Landesbank Hessen-T     0.810  08/01/2035    EUR    69.746
Citigroup Global Ma     1.010  4/20/2036     EUR    69.867
Assistance Publique     1.053  5/25/2052     EUR    54.679
Kuntarahoitus Oyj       1.200  04/01/2060    EUR    66.797
Wirtschafts- und In     0.350  3/31/2036     EUR    73.572
DZ Bank AG Deutsche     0.660  04/01/2036    EUR    67.286
DZ Bank AG Deutsche     0.500  05/04/2034    EUR    70.768
Landesbank Hessen-T     1.000  4/28/2036     EUR    69.735
Credit Agricole Cor     1.120 11/21/2034     EUR    72.924
Credit Agricole Cor     2.750  12/12/2034    AUD    73.278
Kuntarahoitus Oyj       1.150  04/01/2051    EUR    70.296
Landesbank Hessen-T     0.800  08/07/2035    EUR    69.617
Landesbank Baden-Wu     0.690  4/20/2034     EUR    69.613
Landesbank Baden-Wu     0.580  4/20/2032     EUR    73.673
DZ Bank AG Deutsche     0.710  12/03/2035    EUR    68.349
Norddeutsche Landes     0.850  05/12/2036    EUR    67.623
NRW Bank                1.244  04/06/2051    EUR    63.848



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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 2024.  All rights reserved.  ISSN 1529-2754.

This material is copyrighted and any commercial use, resale or
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