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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, August 6, 2018, Vol. 19, No. 154


                            Headlines


F R A N C E

FINANCIERE LULLY: S&P Withdraws 'B' LT Issuer Credit Rating


I R E L A N D

CLONTARF PARK: S&P Affirms B- (sf) Rating on Class E Notes
CONTEGO CLO IV: S&P Affirms B- (sf) Rating on Class F Notes
CVC CORDATUS V: S&P Affirms B- (sf) Rating on Class F-R Notes
OZLME IV: Moody's Assigns B2 Rating to EUR12MM Class F Notes
OZLME IV: Fitch Assigns B-sf Rating to Class F Debt

ST. PAUL'S VI: Moody's Assigns (P)B2 Rating to Class E-R Notes
ST. PAUL'S VI: Fitch Assigns 'B-(EXP)sf' Rating to Cl. E-R Notes


I T A L Y

ARTONI TRANSPORTI: Extraordinary Commissioner Calls for Offers


L U X E M B O U R G

OXEA SARL: Moody's Hikes CFR to B2, Outlook Stable


N E T H E R L A N D S

STEINHOFF INT'L: To Sell Pritex Following Accounting Scandal


R O M A N I A

EUROINS ROMANIA: Fitch Affirms 'BB-' IFS Rating, Outlook Stable


R U S S I A

MOSCOW UNITED: Fitch Affirms 'BB+' LT FC IDR, Outlook Stable


S P A I N

BANKINTER 2 PYME: S&P Affirms D (sf) Rating on Class E Notes
BANKINTER 3 FTPYME: S&P Affirms D (sf) Rating on Class E Notes


U N I T E D   K I N G D O M

CAVENDISH SQUARE: Fitch Hikes Class C Debt Rating to BBsf
DEBENHAMS PLC: Moody's Cuts LT CFR to B2 & Alters Outlook to Neg.
EXTREME POWERED: Stagnant Rental Marketing Prompts Administration
GTLK EUROPE: Fitch Withdraws 'BB(EXP)' Rating on Proposed Notes
HOUSE OF FRASER: Cash Crisis Hits Bond Price, Rescue Uncertain

HOUSE OF FRASER: Philip Day Mulls Potential Bid for Business
TRITON UK: Fitch Assigns First-Time 'BB-' Rating, Outlook Stable
WONGA: Averts Collapse Following GBP10-Mil. Cash Injection


X X X X X X X X

* BOND PRICING: For the Week July 30 to August 3, 2018


                            *********



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


FINANCIERE LULLY: S&P Withdraws 'B' LT Issuer Credit Rating
-----------------------------------------------------------
S&P Global Ratings withdrew its 'B' long-term issuer credit
rating on France-based micro-connector manufacturer Financiere
Lully C SAS (Linxens) at the company's request. The outlook on
the rating was stable at the time of the withdrawal. At the same
time, S&P withdrew its 'B' issue rating and '3' recovery rating
on Linxens' first-lien debt and its 'CCC+' issue and '6' recovery
ratings on Linxens' second-lien debt.


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


CLONTARF PARK: S&P Affirms B- (sf) Rating on Class E Notes
----------------------------------------------------------
S&P Global Ratings affirmed its credit ratings on Clontarf Park
CLO DAC's class A-1 to E notes.

S&P said, "The affirmations follow our assessment of the
transaction's performance using data from the July 11, 2018
trustee report. We performed a credit and cash flow analysis and
applied our current counterparty criteria to assess the support
that each participant provides to the transaction.

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

Since closing, the notes have remained fully outstanding as the
transaction remains in its reinvestment period and the collateral
manager reinvests principal proceeds to purchase substitute
assets. The asset portfolio remains well diversified, with 124
distinct obligors spread over 21 distinct industries and 18
countries.

S&P said, "We incorporated various cash flow stress scenarios,
using various default patterns, levels, and timings for each
liability rating category, in conjunction with different interest
rate stress scenarios. To help assess the collateral pool's
credit risk, we used CDO Evaluator 7.3 to generate scenario
default rates (SDRs; the modeled level of gross defaults that CDO
Evaluator estimates for every CDO liability rating) at each
rating level. We then compared these SDRs with their respective
BDRs.

"While the transaction remains in its reinvestment period, the
collateral manager can alter the asset portfolio through sales
and purchases. The selection of lower quality assets is mitigated
by our CDO Monitor test, which ensures that any amended portfolio
is of sufficient quality to maintain the ratings on the notes
assigned at closing. As a result, in our analysis, we recognize
that during the reinvestment period the portfolio is subject to
further change, which may constrain the ratings on the notes to
the original ratings assigned.

"Taking into account the results of our credit and cash flow
analysis, we consider that the available credit enhancement for
the class A-1, A-2A1, A-2A2, A-2B, B, C, D, and E notes is
commensurate with the currently assigned ratings. We have
therefore affirmed our ratings on these classes of notes."

Clontarf Park CLO is a revolving cash flow collateralized loan
obligation (CLO) transaction that securitizes broadly syndicated
loans granted to primarily speculative-grade corporate firms and
managed by Blackstone/GSO Debt Funds Management Europe Ltd. The
transaction closed in July 2017 and its reinvestment period ends
in August 2021.

  RATINGS LIST

  Ratings Affirmed

  Clontarf Park CLO DAC EUR413.55 Million Senior Secured
  Floating- And Fixed-Rate Notes

  Class      Rating

  A-1        AAA (sf)
  A-2A1      AA (sf)
  A-2A2      AA (sf)
  A-2B       AA (sf)
  B          A (sf)
  C          BBB (sf)
  D          BB (sf)
  E          B- (sf)


CONTEGO CLO IV: S&P Affirms B- (sf) Rating on Class F Notes
-----------------------------------------------------------
S&P Global Ratings affirmed its credit ratings on Contego CLO IV
DAC's class A to F notes.

S&P said, "The affirmations follow our assessment of the
transaction's performance using data from the May 31, 2018
trustee report. We performed a credit and cash flow analysis and
applied our current counterparty criteria to assess the support
that each participant provides to the transaction.

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

Since closing, the notes have remained fully outstanding as the
transaction remains in its reinvestment period and the collateral
manager reinvests principal proceeds to purchase substitute
assets. The asset portfolio remains well diversified, with 108
distinct obligors spread over 21 distinct industries and 15
countries.

S&P said, "We incorporated various cash flow stress scenarios,
using various default patterns, levels, and timings for each
liability rating category, in conjunction with different interest
rate stress scenarios. To help assess the collateral pool's
credit risk, we used CDO Evaluator 7.3 to generate scenario
default rates (SDRs; the modeled level of gross defaults that CDO
Evaluator estimates for every CDO liability rating) at each
rating level. We then compared these SDRs with their respective
BDRs."

While the transaction remains in its reinvestment period, the
collateral manager can alter the asset portfolio through sales
and purchases. The selection of lower quality assets is mitigated
by our CDO Monitor test, which ensures that any amended portfolio
is of sufficient quality to maintain the ratings on the notes
assigned at closing. As a result, in S&P's analysis, it
recognizes that during the reinvestment period the portfolio is
subject to further change, which may constrain the ratings on the
notes to the original ratings assigned.

Taking into account the results of S&P's credit and cash flow
analysis, it considers that the available credit enhancement for
the class A, B-1, B-2, C, D, E, and F notes is commensurate with
the currently assigned ratings. S&P has therefore affirmed its
ratings on these classes of notes.

Contego CLO IV is a revolving cash flow collateralized loan
obligation (CLO) transaction that securitizes broadly syndicated
loans granted to primarily speculative-grade corporate firms and
managed by Five Arrows Managers LLP. The transaction closed in
July 2017 and its reinvestment period ends in July 2021.

  RATINGS LIST

  Ratings Affirmed

  Contego CLO IV DAC
  EUR361.9 Million Senior Secured Fixed- And Floating-Rate Notes
  (Including EUR37.5 Million Unrated Subordinate Notes)

  Class      Rating

  A          AAA (sf)
  B-1        AA (sf)
  B-2        AA (sf)
  C          A (sf)
  D          BBB (sf)
  E          BB (sf)
  F          B- (sf)


CVC CORDATUS V: S&P Affirms B- (sf) Rating on Class F-R Notes
-------------------------------------------------------------
S&P Global Ratings affirmed its credit ratings on CVC Cordatus
Loan Fund V DAC's class X-R, A-R, B-1-R, B-2-R, C-R, D-R, E-R,
and F-R notes.

S&P said, "The affirmations follow our assessment of the
transaction's performance using data from the April 11, 2018
payment date report. We performed a credit and cash flow analysis
and applied our current counterparty criteria to assess the
support that each participant provides to the transaction.

"Our cash flow analysis of the capital structure determined the
break-even default rate (BDR) for each rated class at each rating
level. The BDR represents our estimate of the maximum level of
gross defaults, based on our stress assumptions, that a tranche
can withstand and still fully repay the noteholders. In our
analysis, we used the portfolio balance that we consider to be
performing (EUR452.52 million), the current weighted-average
spread (WAS) of 363 basis points (bps; 387 bps with Euro
Interbank Offered Rate [EURIBOR] floors), and the weighted-
average recovery rates calculated in line with our corporate
collateralized debt obligation (CDO) criteria. We applied various
cash flow stresses, using our standard default patterns, in
conjunction with different interest rate stress scenarios."

Since the reset closing date, the class X-R notes partially
amortized by EUR1.5 million following their scheduled
amortization over four payment periods. All other notes have
stayed fully outstanding as the transaction remains in its
reinvestment period and the collateral manager reinvests
principal proceeds to purchase substitute assets. The asset
portfolio remains well diversified, with 131 distinct obligors
spread over 38 industries and 15 countries. The portfolio balance
is slightly higher than the target par amount of EUR452 million.

The overall credit quality of the portfolio has remained stable
since the reset date. The portfolio's shorter weighted-average
life (WAL) and higher diversification offset the downward rating
transition (the 'BB' rating category represents 12.5% of the
portfolio compared to 18.7% on the reset date). The WAS earned on
the underlying assets is 363 bps (387 bps with EURIBOR floor
benefit), compared with the 400 bps modelled on the reset date.
Recovery rates of the portfolio reduced by 85 bps on average for
all rating levels (the 'AAA' recovery rate fell to 34.6% from
35.4%).

S&P said, "We incorporated various cash flow stress scenarios,
using various default patterns, levels, and timings for each
liability rating category, in conjunction with different interest
rate stress scenarios. To help assess the collateral pool's
credit risk, we used CDO Evaluator 7.3 to generate scenario
default rates (SDRs; the modeled level of gross defaults that CDO
Evaluator estimates for every CDO liability rating) at each
rating level. We then compared these SDRs with their respective
BDRs.

"We also performed scenario analysis to assess the impact of the
collateral manager's ability to draw up to EUR2 million from a
liquidity facility. In a scenario where the manager draws the
full amount, cash flow results show small downward pressure on
the junior notes.

"While the transaction remains in its reinvestment period, the
collateral manager can alter the asset portfolio through sales
and purchases. The selection of lower-quality assets is checked
by our CDO Monitor test, which ensures that any amended portfolio
is of sufficient quality to maintain the ratings on the notes
assigned at closing. In our analysis, we recognize that during
the reinvestment period the portfolio is subject to further
change, which may constrain the ratings on the notes to the
original ratings assigned.

"Taking into consideration the above and the results of our
credit and cash flow analysis, we consider that the available
credit enhancement for the class X-R, A-R, B-1-R, B-2-R, C-R, D-
R, E-R, and F-R notes is commensurate with the currently assigned
ratings. We have therefore affirmed our ratings on these classes
of notes."

CVC Cordatus Loan Fund V is a revolving cash flow collateralized
loan obligation (CLO) transaction that securitizes loans granted
to primarily speculative-grade corporates. The transaction
initially closed in May 2015 and reset in July 2017, with a four-
year reinvestment period that ends in July 2021.

  RATINGS LIST

  Ratings Affirmed

  CVC Cordatus Loan Funding V DAC
  EUR468.80 Million Fixed- And Floating-Rate Notes
  (Including EUR47.8 million Subordinated Notes)

  Class     Rating

  X-R       AAA (sf)
  A-R       AAA (sf)
  B-1-R     AA (sf)
  B-2-R     AA (sf)
  C-R       A (sf)
  D-R       BBB (sf)
  E-R       BB (sf)
  F-R       B- (sf)


OZLME IV: Moody's Assigns B2 Rating to EUR12MM Class F Notes
------------------------------------------------------------
Moody's Investors Service, has assigned definitive ratings to
eight classes of notes issued by OZLME IV Designated Activity
Company:

EUR223,000,000 Class A-1 Senior Secured Floating Rate Notes due
2032, Definitive Rating Assigned Aaa (sf)

EUR25,000,000 Class A-2 Senior Secured Fixed Rate Notes due 2032,
Definitive Rating Assigned Aaa (sf)

EUR37,000,000 Class B Senior Secured Floating Rate Notes due
2032, Definitive Rating Assigned Aa2 (sf)

EUR5,250,000 Class C-1 Senior Secured Deferrable Floating Rate
Notes due 2032, Definitive Rating Assigned A2 (sf)

EUR22,750,000 Class C-2 Senior Secured Deferrable Floating Rate
Notes due 2032, Definitive Rating Assigned A2 (sf)

EUR23,000,000 Class D Senior Secured Deferrable Floating Rate
Notes due 2032, Definitive Rating Assigned Baa2 (sf)

EUR24,000,000 Class E Senior Secured Deferrable Floating Rate
Notes due 2032, Definitive Rating Assigned Ba2 (sf)

EUR12,000,000 Class F Senior Secured Deferrable Floating Rate
Notes due 2032, Definitive Rating Assigned B2 (sf)

RATINGS RATIONALE

Moody's definitive rating of the Notes addresses the expected
loss posed to noteholders. The rating reflects the risks due to
defaults on the underlying portfolio of assets, the transaction's
legal structure, and the characteristics of the underlying
assets.

OZLME IV is a managed cash flow CLO. The issued notes are
collateralized primarily by broadly syndicated first lien senior
secured corporate loans. At least 90% of the portfolio must
consist of senior secured loans, senior secured bonds and
eligible investments, and up to 10% of the portfolio may consist
of second lien loans, unsecured loans, mezzanine obligations and
high yield bonds.

Och-Ziff Europe Loan Management Limited manages the CLO. It
directs the selection, acquisition, and disposition of collateral
on behalf of the Issuer. After the reinvestment period, which
ends in October 2022, the Manager may reinvest unscheduled
principal payments and proceeds from sales of credit risk and
credit improved obligations, subject to certain restrictions.

In addition to the eight classes of notes rated by Moody's, the
Issuer issued EUR 40.8m of subordinated notes which will not be
rated.

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

Methodology Underlying the Rating Action:

The principal methodology used in these ratings was "Moody's
Global Approach to Rating Collateralized Loan Obligations"
published in August 2017.

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

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

Loss and Cash Flow Analysis:

Moody's modeled the transaction using a cash flow model based on
the Binomial Expansion Technique, as described in Section 2.3.2.1
of the "Moody's Global Approach to Rating Collateralized Loan
Obligations" rating methodology published in August 2017.

The cash flow model evaluates all default scenarios that are then
weighted considering the probabilities of the binomial
distribution assumed for the portfolio default rate. In each
default scenario, the corresponding loss for each class of notes
is calculated given the incoming cash flows from the assets and
the outgoing payments to third parties and noteholders.
Therefore, the expected loss or EL for each tranche is the sum
product of (i) the probability of occurrence of each default
scenario and (ii) the loss derived from the cash flow model in
each default scenario for each tranche. As such, Moody's
encompasses the assessment of stressed scenarios.

The key model inputs Moody's used in its analysis, such as par,
weighted average rating factor, diversity score and the weighted
average recovery rate, are based on its published methodology and
could differ from the trustee's reported numbers. For modeling
purposes, Moody's used the following base-case assumptions:

Performing par and principal proceeds balance: EUR400,000,000

Diversity Score: 40

Weighted Average Rating Factor (WARF): 2800

Weighted Average Spread (WAS): 3.50%

Weighted Average Coupon (WAC): 4.25%

Weighted Average Recovery Rate (WARR): 43.5%

Weighted Average Life (WAL): 8.75 years

Stress Scenarios:

Together with the set of modeling assumptions, Moody's conducted
an additional sensitivity analysis, which was a component in
determining the definitive ratings assigned to the rated Notes.
This sensitivity analysis includes increased default probability
relative to the base case.

Here is a summary of the impact of an increase in default
probability (expressed in terms of WARF level) on the Notes
(shown in terms of the number of notch difference versus the
current model output, whereby a negative difference corresponds
to higher expected losses), assuming that all other factors are
held equal:

Percentage Change in WARF -- increase of 15% (from 2800 to 3220)

Rating Impact in Rating Notches

Class A-1 Senior Secured Floating Rate Notes: -1

Class A-2 Senior Secured Fixed Rate Notes: -1

Class B Senior Secured Floating Rate Notes: -2

Class C-1 Senior Secured Deferrable Floating Rate Notes: -2

Class C-2 Senior Secured Deferrable Floating Rate Notes: -2

Class D Senior Secured Deferrable Floating Rate Notes: -2

Class E Senior Secured Deferrable Floating Rate Notes: -1

Class F Senior Secured Deferrable Floating Rate Notes: 0

Percentage Change in WARF -- increase of 30% (from 2800 to 3640)

Rating Impact in Rating Notches

Class A-1 Senior Secured Floating Rate Notes: -1

Class A-2 Senior Secured Fixed Rate Notes: -1

Class B Senior Secured Floating Rate Notes: -3

Class C-1 Senior Secured Deferrable Floating Rate Notes: -4

Class C-2 Senior Secured Deferrable Floating Rate Notes: -4

Class D Senior Secured Deferrable Floating Rate Notes: -3

Class E Senior Secured Deferrable Floating Rate Notes: -2

Class F Senior Secured Deferrable Floating Rate Notes: -2


OZLME IV: Fitch Assigns B-sf Rating to Class F Debt
---------------------------------------------------
Fitch Ratings has assigned OZLME IV D.A.C. final ratings, as
follows:

EUR223 million Class A-1: 'AAAsf'; Outlook Stable

EUR25 million Class A-2: 'AAAsf'; Outlook Stable

EUR37 million Class B: 'AAsf'; Outlook Stable

EUR5.25 million Class C-1: 'Asf'; Outlook Stable

EUR22.75 million Class C-2: 'Asf'; Outlook Stable

EUR23 million Class D: 'BBB-sf'; Outlook Stable

EUR24 million Class E: 'BBsf'; Outlook Stable

EUR12 million Class F: 'B-sf'; Outlook Stable

EUR40.8 million subordinated notes: not rated

OZLME IV D.A.C. is a securitisation of mainly senior secured
obligations (at least 90%) with a component of senior unsecured,
mezzanine, and second-lien loans. A total note issuance of
EUR412.8 million is being used to fund a portfolio with a target
par of EUR400 million. The portfolio is managed by Och-Ziff
Europe Loan Management Limited. The CLO envisages a 4.25-year
reinvestment period and an 8.5-year weighted average life (WAL).

KEY RATING DRIVERS

'B' Portfolio Credit Quality

Fitch places the average credit quality of obligors in the 'B'
range. The Fitch-weighted average rating factor (WARF) of the
identified portfolio is 31.3.

High Recovery Expectations

At least 90% of the portfolio comprises senior secured
obligations. Recovery prospects for these assets are typically
more favourable than for second-lien, unsecured and mezzanine
assets. The Fitch-weighted average recovery rating (WARR) of the
identified portfolio is 68.4%.

Diversified Asset Portfolio

The transaction features different Fitch test matrices with
different allowances for exposure to the 10 largest obligors
(maximum 18% and 26.5%). The manager can then interpolate between
these matrices. The transaction also includes limits on maximum
industry exposure based on Fitch industry definitions. The
maximum exposure to the three largest (Fitch-defined) industries
in the portfolio is covenanted at 40%. These covenants ensure
that the asset portfolio will not be exposed to excessive
concentration.

Portfolio Management

The transaction features a 4.25-year reinvestment period and
includes reinvestment criteria similar to other European
transactions. Fitch's analysis is based on a stressed-case
portfolio with the aim of testing the robustness of the
transaction structure against its covenants and portfolio
guidelines.

Cash Flow 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

A 125% default multiplier applied to the portfolio's mean default
rate, and with this increase added to all rating default levels,
would lead to a downgrade of up to two notches for the rated
notes. A 25% reduction in recovery rates would lead to a
downgrade of up to five notches for the rated notes.

USE OF THIRD-PARTY DUE DILIGENCE PURSUANT TO RULE 17G-10

Form ABS Due Diligence-15E was not provided to, or reviewed by,
Fitch in relation to this rating action.

DATA ADEQUACY

The majority of the underlying assets or risk-presenting entities
have ratings or credit opinions from Fitch and/or other
Nationally Recognised Statistical Rating Organisations and/or
European Securities and Markets Authority-registered rating
agencies. Fitch has relied on the practices of the relevant
groups within Fitch and/or other rating agencies to assess the
asset portfolio information.

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


ST. PAUL'S VI: Moody's Assigns (P)B2 Rating to Class E-R Notes
--------------------------------------------------------------
Moody's Investors Service has assigned provisional ratings to
seven classes of notes to be issued by St. Paul's CLO VI DAC:

EUR 248,000,000 Class A-1R Senior Secured Floating Rate Notes due
2030, Assigned (P)Aaa (sf)

EUR 18,000,000 Class A-2AR Senior Secured Floating Rate Notes due
2030, Assigned (P)Aa2 (sf)

EUR 21,000,000 Class A-2BR Senior Secured Fixed Rate Notes due
2030, Assigned (P)Aa2 (sf)

EUR 25,000,000 Class B-R Senior Secured Deferrable Floating Rate
Notes due 2030, Assigned (P)A2 (sf)

EUR 25,500,000 Class C-R Senior Secured Deferrable Floating Rate
Notes due 2030, Assigned (P)Baa3 (sf)

EUR 22,500,000 Class D-R Senior Secured Deferrable Floating Rate
Notes due 2030, Assigned (P)Ba2 (sf)

EUR 12,000,000 Class E-R Senior Secured Deferrable Floating Rate
Notes due 2030, Assigned (P)B2 (sf)

Moody's issues provisional ratings in advance of the final sale
of financial instruments, but these ratings only represent
Moody's preliminary credit opinions. Upon a conclusive review of
a transaction and associated documentation, Moody's will
endeavour to assign definitive ratings. A definitive rating (if
any) may differ from a provisional rating.

RATINGS RATIONALE

Moody's provisional ratings of the Notes address the expected
loss posed to noteholders. The provisional ratings reflect the
risks due to defaults on the underlying portfolio of assets, the
transaction's legal structure, and the characteristics of the
underlying assets.

The Issuer will issue the Refinancing Notes in connection with
the refinancing of the following classes of notes: Class A-1
Notes, Class A-2A Notes, Class A-2B Notes, Class B Notes, Class C
Notes, Class D Notes and Class E Notes due 2029 (the "Original
Notes"), previously issued on June 22, 2016 (the "Original
Closing Date"). On the Refinancing Date, the Issuer will use the
proceeds from the issuance of the Refinancing Notes to redeem in
full its respective Original Notes. On the Original Closing Date,
the Issuer also issued one class of subordinated notes, which
will remain outstanding.

Amendments to the transaction includes: the change of spreads on
the notes; the extension of the Weighted Average Life Test by 12
months; extension of the reinvestment period by one month.

St. Paul's CLO VI is a managed cash flow CLO. The issued notes
are collateralized primarily by broadly syndicated first lien
senior secured corporate loans. At least 90% of the portfolio
must consist of senior secured loans and eligible investments,
and up to 10% of the portfolio may consist of second lien loans,
unsecured loans, mezzanine obligations and high yield bonds.

Intermediate Capital Managers Limited manages the CLO. It directs
the selection, acquisition, and disposition of collateral on
behalf of the Issuer. After the reinvestment period, which ends
in August 2020, the Manager may reinvest unscheduled principal
payments and proceeds from sales of credit risk obligations,
subject to certain restrictions.

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

Methodology Underlying the Rating Action:

The principal methodology used in these ratings was "Moody's
Global Approach to Rating Collateralized Loan Obligations"
published in August 2017.

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

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

Loss and Cash Flow Analysis:

Moody's modeled the transaction using a cash flow model based on
the Binomial Expansion Technique, as described in Section 2.3.2.1
of the "Moody's Global Approach to Rating Collateralized Loan
Obligations" rating methodology published in August 2017.

The cash flow model evaluates all default scenarios that are then
weighted considering the probabilities of the binomial
distribution assumed for the portfolio default rate. In each
default scenario, the corresponding loss for each class of notes
is calculated given the incoming cash flows from the assets and
the outgoing payments to third parties and noteholders.
Therefore, the expected loss or EL for each tranche is the sum
product of (i) the probability of occurrence of each default
scenario and (ii) the loss derived from the cash flow model in
each default scenario for each tranche. As such, Moody's
encompasses the assessment of stressed scenarios.

The key model inputs Moody's used in its analysis, such as par,
weighted average rating factor, diversity score and the weighted
average recovery rate, are based on its published methodology and
could differ from the trustee's reported numbers. For modeling
purposes, Moody's used the following base-case assumptions:

Performing par and principal proceeds balance: EUR400,000,000

Diversity Score: 45

Weighted Average Rating Factor (WARF): 2925

Weighted Average Spread (WAS): 3.45%

Weighted Average Coupon (WAC): 4.75%

Weighted Average Recovery Rate (WARR): 43.50%

Weighted Average Life (WAL): 7 years

Moody's has analysed the potential impact associated with
sovereign related risk of peripheral European countries. As part
of the base case, Moody's has addressed the potential exposure to
obligors domiciled in countries with local currency country risk
ceiling of A1 or below. Following the effective date, and given
the portfolio constraints, only up to 10% of the pool can be
domiciled in countries with local currency country risk ceiling
between A1 and A3. As a result, Moody's has not made any
adjustments to the target par amount as further described in the
methodology.

Stress Scenarios:

Together with the set of modeling assumptions, Moody's conducted
an additional sensitivity analysis, which was a component in
determining the provisional ratings assigned to the rated Notes.
This sensitivity analysis includes increased default probability
relative to the base case.

Here is a summary of the impact of an increase in default
probability (expressed in terms of WARF level) on the Notes
(shown in terms of the number of notch difference versus the
current model output, whereby a negative difference corresponds
to higher expected losses), assuming that all other factors are
held equal:

Percentage Change in WARF -- increase of 15% (from 2925 to 3364)

Rating Impact in Rating Notches

Class A-1R Senior Secured Floating Rate Notes: 0

Class A-2AR Senior Secured Floating Rate Notes: -2

Class A-2BR Senior Secured Fixed Rate Notes: -2

Class B-R Senior Secured Deferrable Floating Rate Notes: -2

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

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

Class E-R Senior Secured Deferrable Floating Rate Notes: -2

Percentage Change in WARF -- increase of 30% (from 2925 to 3803)

Rating Impact in Rating Notches

Class A-1R Senior Secured Floating Rate Notes: -1

Class A-2AR Senior Secured Floating Rate Notes: -3

Class A-2BR Senior Secured Fixed Rate Notes: -3

Class B-R Senior Secured Deferrable Floating Rate Notes: -3

Class C-R Senior Secured Deferrable Floating Rate Notes:-2

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

Class E-R Senior Secured Deferrable Floating Rate Notes: -4


ST. PAUL'S VI: Fitch Assigns 'B-(EXP)sf' Rating to Cl. E-R Notes
----------------------------------------------------------------
Fitch Ratings has assigned St. Paul's CLO VI DAC's refinancing
notes expected ratings as follows:

EUR248 million Class A-1-R: 'AAA(EXP)sf'; Outlook Stable

EUR18 million Class A-2A-R: 'AA(EXP)sf'; Outlook Stable

EUR21 million Class A-2B-R: 'AA(EXP)sf'; Outlook Stable

EUR25 million Class B-R: 'A(EXP)sf'; Outlook Stable

EUR25.5million Class C-R: 'BBB(EXP)sf'; Outlook Stable

EUR22.5 million Class D-R: 'BB-(EXP)sf'; Outlook Stable

EUR12 million Class E-R: 'B-(EXP)sf'; Outlook Stable

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

St. Paul's CLO VI Designated Activity Company (DAC) (the issuer)
is a cash-flow collateralised loan obligation (CLO). Net proceeds
from the notes are being used to refinance the current
outstanding A to E notes. The portfolio is managed by
Intermediate Capital Managers Limited.

KEY RATING DRIVERS

'B' Portfolio Credit Quality

Fitch places the average credit quality of obligors in the 'B'
range. The Fitch-weighted average rating factor (WARF) of the
current portfolio is 31.99.

High Recovery Expectations

At least 90% of the portfolio comprises senior secured
obligations. Recovery prospects for these assets are typically
more favourable than for second-lien, unsecured and mezzanine
assets. The Fitch-weighted average recovery rating (WARR) of the
current portfolio is 69.45%.

Diversified Asset Portfolio

The covenanted maximum exposure to the top 10 obligors for
assigning the expected ratings is 20% of the portfolio balance.
The transaction also includes limits on maximum industry exposure
based on Fitch's industry definitions. The maximum exposure to
the three largest (Fitch-defined) industries in the portfolio is
covenanted at 40%. These covenants ensure that the asset
portfolio will not be exposed to excessive concentration.

Limited Interest Rate Risk

Unhedged fixed-rate assets cannot exceed 10% of the portfolio.
Consequently, interest rate risk is naturally hedged for most of
the portfolio through floating-rate liabilities.

Extended Weighted Average Life (WAL)
On the refinancing date, the issuer will extend the WAL covenant
by one year to seven years as part of the refinancing of the
notes and update the Fitch matrix.

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.

TRANSACTION SUMMARY

St. Paul's CLO VI DAC closed in June 2016. The transaction is
still in in its reinvestment period, which is set to expire in
July 2020. The issuer is now issuing new notes to refinance part
of the original liabilities. The A-1, A-2A, A-2B, B, C, D and E
notes will be redeemed in full as a consequence of the
refinancing.

The refinancing notes, except for the class E, bear interest at a
lower margin over EURIBOR than the notes being refinanced.

In addition to the lower margin, the WAL covenant has been
extended to seven years from the refinancing date and the Fitch
matrix will be updated. All of the refinancing classes have
different notional amounts and credit enhancement when compared
to the refinanced ones. The remaining terms and conditions of the
refinancing notes (including seniority) are the same as the
refinanced notes.

RATING SENSITIVITIES

A 125% default multiplier applied to the portfolio's mean default
rate, and with this increase added to all rating default levels,
would lead to a downgrade of up to two notches for the rated
notes. A 25% reduction in recovery rates would lead to a
downgrade of up to four notches for the rated notes.

USE OF THIRD-PARTY DUE DILIGENCE PURSUANT TO RULE 17G-10

Form ABS Due Diligence-15E was not provided to, or reviewed by,
Fitch in relation to this rating action.

DATA ADEQUACY

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


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


ARTONI TRANSPORTI: Extraordinary Commissioner Calls for Offers
--------------------------------------------------------------
Franco Maurizio Lagro, the Extraordinary Commissioner of Artoni
Trasporti S.p.A in Amministrazione Straordinaria (A.S. or
"Extraordinary Administration") and Artoni Group S.p.A. in
Amministrazione Straordinaria, pursuant to the authorization
decree issued by the Italian Ministero dello Sviluppo Economico
("MISE") dated July 20, 2018, calls for all interested parties to
submit Binding Offers for the acquisition of the business
belonging to Artoni Trasporti S.p.A. in A.S., together with
properties used for its operations, including those owned by
Artoni Group S.p.A. in A.S., or, alternatively, part of the
business of Artoni Trasporti S.p.A. in A.S., together with
properties used for its operations, including those owned by
Artoni Group S.p.A. in A.S. or, otherwise, solely one or more
properties owned by Artoni Group S.p.A. in A.S. or Artoni
Trasporti S.p.A. in A.S., according to the terms and conditions
available on the website www.artoni.com

Any additional information not included in the tender rules shall
be submitted to the Extraordinary Commissioner by certified email
to the addresses:

   -- as1.2017reggioemilia@pecamministrazionestraordinaria.it
   -- as2.2017reggioemilia@pecamministrazionestraordinaria.it


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


OXEA SARL: Moody's Hikes CFR to B2, Outlook Stable
--------------------------------------------------
Moody's Investors Service has upgraded the corporate family
rating of Luxembourg based oxo chemical producer Oxea S.ar.l. to
B2 from B3 and the probability of default rating to B2-PD from
B3-PD. Concurrently, Moody's also upgraded to B2 from B3 the
rating of the EUR475 million senior secured term loan B1 borrowed
by Oxea Holding Drei GmbH and $500 million senior secured term
loan B2 borrowed by Oxea Corporation. The outlook on all ratings
has changed to stable from positive.

"Oxea's upgrade reflects the company's better than expected
operating performance over the last 12 months and its view that
the company should be able to maintain its credit metrics in line
with what expected for a B2 rating, and remain free cash flow
positive over the next 18 months," says Hubert Allemani a Moody's
Vice President -- Senior Analyst and lead analyst for Oxea.

RATINGS RATIONALE

Oxea's financial performance has been solid since September 2017
when Moody's placed the company on positive outlook. The company
achieved a Moody's adjusted EBITDA of EUR243 million in 2017 and
an adjusted EBITDA margin of 19.5% compared to EUR160.5 million
and 14.8% respectively in 2016. This significant improvement was
driven by a positive market environment for oxo chemicals,
including higher prices supported by growing demand in all
underlying markets. Moody's expects that Oxea's operational
performance will remain solid in the second half of the year, as
evidenced by the strong current trading and Moody's expectation
that market conditions should remain favorable over the next 18
months. The company has completed the turnaround of its major
plant in Germany on time and this should limit the loss of volume
this year.

Moody's expects that Oxea adjusted EBITDA would be at around
EUR200 million in 2019. While Moody's adjusted EBITDA margin
should remain in the mid-teens, it is expected to decline from
the historically high levels of 19% achieved in 2017. Moody's
expects average selling prices to soften, particularly for
intermediates, which are more commoditised products than
derivatives. Additional earnings contribution from the new
Propanol capacities in the US could offset some of the potential
margin decline from intermediates in a weaker market environment.
Also the company recently announced an expansion of carboxylic
acids - in line with its strategy towards a more resilient oxo
derivatives product portfolio. Raw material prices, particularly
propylene is not expected to increase as much as it did over 2017
as the oil price should remain more stable.

The company's free cash flow should remain positive over the next
18 months with Moody's adjusted free cash flow (FCF) expected at
around EUR10 million this year and EUR40 million next year. The
high Moody's adjusted capital expenditure of EUR100 million
expected this year should decline towards EUR70 million in 2019
as the investment in the US propanol capacity expansion is
completed. Moody's views the payment of EUR32 million of accrued
interest on the shareholder's loan as exceptional in light of the
high cash balance but would expect the company to use excess cash
to repay debt rather than dividend it out to its shareholders.

After having reached a low level of 4.6x at the end of 2017 from
7.3x in 2016, Moody's expects the company's Moody's adjusted
leverage to slightly increase over the next 18 months but remain
between 5x and 5.5x, which is deemed adequate for a B2 CFR. The
increase is being exclusively driven by the expected softening of
the Moody's adjusted EBITDA. At the end of 2017, Moody's adjusted
debt included EUR55 million of pension, EUR70 million of
operating lease and EUR80 million securitization adjustments.

The rating is supported by Oxea's (1) leading market position as
a global merchant producer of oxo chemicals with a track record
of maintaining and growing its market share across a diverse
product line; (2) growth of the derivatives business, a segment
expected to be more stable than the intermediates; (3) good
liquidity profile supported by the company's ability to generate
positive cash flows through economic cycles; (4) strong
shareholder. Moody's views Oman Oil Company (OOC, unrated) as a
strategic owner as evidenced by the strategy to build up capacity
in the US and in Oman and by the injection of $325 million in
cash in 2015 to repay in full the second lien debt.

However, the CFR is constrained by Oxea's (1) oversupplied
intermediates oxo-market which remains challenging despite some
recent rationalization; (2) competitive pricing pressure,
particularly on the intermediates oxo molecules; and (3) exposure
to cyclical industries and highly variable raw material costs,
such as propylene.

LIQUIDITY

Moody's views Oxea's liquidity as good supported by high cash on
balance sheet of EUR120 million at the end of March and positive
Moody's adjusted free cash flow of about EUR10 million this year.
The company's liquidity is further supported by the current
EUR137.5 million revolving credit facility (RCF), undrawn at the
end of 2017 with the exception of EUR16 million long-term
guarantees. Additionally, Oxea has access to dollar and euro
currency receivables securitisation facilities maturing in 2020
to support its working capital swings and which further
strengthen its liquidity profile. Oxea`s first maturity is the
RCF in 2023, then the term loans in 2024.

RATIONALE FOR STABLE OUTLOOK

The stable outlook is underpinned by Moody's expectation that the
company will continue to display a solid financial performance
and stable credit metrics over the next 18 months. Moody's
adjusted leverage is expected to range between 5x and 5.5x.

WHAT COULD CHANGE THE RATING UP/DOWN

The ratings could be upgraded if Oxea (1) Moody's-adjusted
debt/EBITDA ratio sustainably below 4.5x, and (2) maintains
positive free cash flow generation.

Downward ratings pressure could occur if (1) Moody's-adjusted
debt/EBITDA ratio would increase sustainably above 6x; (2) Its
liquidity profile deteriorates; and (3) the company is free cash
flow negative.

The principal methodology used in these ratings was Chemical
Industry published in January 2018.

Incorporated in Luxembourg, Oxea S.ar.l. (Oxea) is a leading
global producer of oxo intermediates and derivatives with a key
product portfolio of oxo chemical products and well-established
market positions in Europe, North America, Asia-Pacific, and
South America. Oxo chemicals are critical to the production of
other chemicals used in a variety of industries such as
automotive, construction, industrial goods, consumer and retail,
pharmaceuticals, cosmetics, agriculture and packaging. As of
financial year-end December 2017, Oxea reported revenues and
EBITDA of EUR1.2 billion and EUR189 million, respectively.


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


STEINHOFF INT'L: To Sell Pritex Following Accounting Scandal
------------------------------------------------------------
Business Sale reports that employees of Wellington-based Pritex
Ltd have been informed that the business may be sold.

Pritex, a manufacturer of acoustic and thermo-acoustic insulation
products for a diverse range of automotive and industrial markets
is owned by South African parent company, Steinhoff
International, Business Sale discloses.

The business was hit by an accounting irregularity scandal
earlier this year, Business Sale relays.  Following the scandal,
a two-year loan was arranged to ensure investment to maintain
Steinhoff's manufacturing and retail arm, Business Sale recounts.
And now the company is looking for growth opportunities, Business
Sale notes.

According to Business Sale, Managing director of Steinhoff UK
Manufactoring Group, Alan Chapman said: "Following the unexpected
events with our South African parent company, I can confirm we
have notified all employees that we have started a process to
market the Pritex business for a potential sale.

"In the last few months, the board and Pritex's shareholders have
been in discussions about the next steps in the development of
the business, and they believe the timing is right to conduct
this exercise."

Although the sale is not considered certain, potential buyers
will be considered if they have a reasonable offer and want to
become involved in the long-term strategic growth of the
business, Business Sale states.

Steinhoff International Holdings NV's registered office is
located in Amsterdam, Netherlands.


=============
R O M A N I A
=============


EUROINS ROMANIA: Fitch Affirms 'BB-' IFS Rating, Outlook Stable
---------------------------------------------------------------
Fitch Ratings has affirmed Euroins Romania Asigurare Reasigurare
SA's (Euroins Romania) Insurer Financial Strength (IFS) rating at
'BB-', and Eurohold Bulgaria AD's (Eurohold, the group's ultimate
holding company) Long-Term Issuer Default Rating (IDR) at 'B'.
The Outlooks are Stable. Fitch has also affirmed the ratings of
Eurohold's EUR200 million euro medium term note (EMTN) programme,
and EUR70 million senior notes issued under the programme at
'B'/'RR4'.

The agency has simultaneously assigned Insurance Company Euroins
AD (Euroins Bulgaria) an IFS rating of 'BB-'. The Outlook is
Stable.

Fitch considers Euroins Romania and Euroins Bulgaria as 'Core'
subsidiaries of Eurohold given their alignment with the group's
strategic objectives, material size relative to the organisation
and shared group branding.

KEY RATING DRIVERS

The affirmation reflects Fitch's assessment of Eurohold's
improved but weak leverage, capitalisation and debt servicing
capabilities, as well as moderately weak financial performance.

Eurohold's consolidated Fitch- calculated financial leverage
ratio (FLR) improved to 63% at end-2017 from 84% at end-2016 due
to equity increases and debt reduction in 2017. Fitch expects the
group's FLR will stabilise below 65%. Fitch excluded goodwill
created through internal restructurings from the FLR calculation.

Eurohold's consolidated capitalisation as measured by its Prism
Factor Based Capital Model (Prism FBM) was 'Weak' at end-2017.
Eurohold is not subject to Solvency II (S2) regulations.

The S2 ratio of Eurohold's insurance activities grouped under the
interim holding company Euroins Insurance Group (EIG) improved to
177% at end-2017 (2016:123%) due to fresh equity injections,
investment portfolio de-risking, and lower catastrophe risk
retention. EIG benefits from significant double leverage (i.e.
borrowed capital at the holding level downstreamed to EIG as
equity). S2 capitalisation of the main operating subsidiaries,
Euroins Bulgaria and Euroins Romania, also improved but was at a
weaker level compared with the consolidated S2 ratio.

Eurohold's fixed charge cover (FCC) ratio, excluding realised and
unrealised gains, improved to 2.1x at end-2017 from 0.9x at end-
2016, supported by improved profitability. Fitch expects that
debt reduction in 4Q17, and more favourable rates on newly issued
Euro medium-term notes (EMTN) could lead to further improvement
in Eurohold's FCC ratio in 2018.

In Fitch's view, the group's relatively small size in an
international context and limited capital markets track record
somewhat limits its financial flexibility and narrows the scope
of potential lenders/investors.

Eurohold's net profit more than doubled in 2017 (net income
return on equity: 15%) due to stronger insurance earnings in
Romania that were partly offset by higher financing (interest)
expenses of the parent company. EIG strongly outperformed the
Romanian motor third-party liability (MTPL) market in 2017,
supported by its local expertise to underwrite risk in a
selective and profitable manner, as well as cost controls. EIG
reported a Romanian MTPL combined ratio of 87%, which compares
favourably with that of the broader market (100%).

Eurohold holds both insurance and non-insurance related assets.
Eurohold's insurance operations are grouped under the interim
holding company EIG, which in turn owns local insurance operating
subsidiaries in multiple countries. Non-insurance activities are
grouped under Auto-Union (car sales), Eurolease Group (car
leasing) and Euro-Finance (asset management & brokerage).

Fitch considers Eurohold's business profile as good. EIG holds
strong market positions in its core Romanian and Bulgarian non-
life insurance markets, especially in the MTPL segment. These
strengths are offset by the group's small size and limited
business diversification as reflected by high concentration on
motor insurance, which accounted for more than 80% of EIG's gross
premiums in 2017.

Fitch applied a tailored recovery analysis for the group, which
resulted in a bespoke Recovery Rating to replace the baseline
recovery assumption for the issuer's debt obligations. The
recovery analysis, based on a going concern approach, resulted in
a Recovery Rating of 'RR4' for senior unsecured debt issued under
Eurohold's EMTN programme. As a result the ratings of Eurohold's
EMTN debt programme, and EUR70 million senior notes issued under
the programme, are aligned with the group's IDR.

There is no assurance that notes issued under the programme will
be assigned a rating, or that the rating assigned to a specific
issue under the programme will have the same rating as the rating
assigned to the programme.

RATING SENSITIVITIES

The ratings could be upgraded if the FLR improves to below 55%
and the FCC ratio remains above 1.5x for a sustained period.

The ratings could also be upgraded if its assessment of
consolidated capital strength, as measured by Prism FBM, improves
to 'Somewhat Weak'.

The ratings could be downgraded if Eurohold makes a loss on a net
income basis, or if its FCC ratio falls below zero.

The ratings could also be downgraded if one of the S2 ratios at
the group's main insurance operating subsidiaries falls below
100%, or if the FLR rises above 70%.


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


MOSCOW UNITED: Fitch Affirms 'BB+' LT FC IDR, Outlook Stable
------------------------------------------------------------
Fitch Ratings has affirmed PJSC Moscow United Electric Grid
Company's (MOESK) Long-Term Foreign-Currency Issuer Default
Rating (IDR) at 'BB+' with a Stable Outlook.

Fitch rates MOESK under its "Government-Related Entities Rating
Criteria" by applying a bottom-up plus one notch approach to its
standalone rating of 'BB'. This reflects its assessment of
MOESK's links with majority shareholder, PJSC ROSSETI, and
ultimately the Russian Federation (BBB-/Positive) as the source
of possible support. The standalone profile is supported by
MOESK's near-monopoly position in electricity distribution in
Moscow and the Moscow region, a high-quality asset base compared
with Russian peers' and a solid financial profile. However, the
standalone profile is constrained by a lack of long-term tariff
predictability.

KEY RATING DRIVERS

GRE Assessment

MOESK is 50.9%-owned by JSC ROSSETI, an 85% subsidiary of the
Russian Federation. Fitch views as strong MOESK's government
ownership and support track record and expectations. Likely
tangible state support for MOESK, if needed, is underlined by the
state's track record of active support of other weaker
subsidiaries of Russian Grids (RUB137 billion in 2009-2017),
mostly through government-provided equity injections to fund
capex.

Fitch views any socio-political implications of a theoretical
MOESK default as moderate considering its regional position and
well-developed asset base. Fitch asseses financial implications
of a theoretical MOESK default as weak since this is unlikely to
impact the availability or cost of domestic or international
financing of other GREs or the government.

Sound Credit Metrics

Fitch estimates the company's funds flow from operations (FFO)
adjusted net leverage (net of connections fees) to average 3.3x
over 2018-2022, which is comfortably within its negative rating
guideline of 4x. Fitch expects FFO fixed charge cover (net of
connection fees) to average 3.4x over 2018-2022, slightly above
its negative guideline of 3.2x.

Regulatory Decisions Drive Financials

The financial profile of MOESK is significantly affected by
tariff decisions as nearly all of its revenue and about half of
its operating costs are regulated. Regulated costs include
payment for the electricity transmission services of PJSC Federal
Grid Company of Unified Energy System (FedGrid; BBB-/Positive),
for the distribution services of local network companies and
purchases of electricity lost in the networks. Regulated cost
growth is therefore as important as the tariff increase itself.

Long-term Tariff Uncertainty Remains

The second five-year regulatory period of the electricity
distribution sector began in 2018. The Federal Antimonopoly
Service approved parameters under a long-term indexation of
required gross proceeds method, including among other factors,
base level of controllable costs, the efficiency index of
controllable costs, the maximum level of adjustments to the
required gross proceeds, and the level of electricity
technological losses.

However, the effective tariffs continue to be approved on annual
basis at the end of the preceding year, and are based on the
consumer price index, the asset base, uncontrollable costs,
expected electricity supply volumes, and the purchase price for
electricity losses. Thus the tariffs continue to lack long-term
predictability. Fitch views the uncertainty over tariff dynamics
as one of the key rating risks for the company.

Capex Drives Negative FCF

Fitch expects the company to continue to generate healthy cash
flow from operations on average of about RUB27 billion over 2018-
2022 under Fitch's assumptions. However, its free cash flow (FCF)
is likely to remain negative over 2018-2020, driven be expected
investments of about RUB28 billion on average over the same
period, which may add to funding requirements. Following capex
moderation, FCF may turn positive in 2021-2022.

DERIVATION SUMMARY

As a distribution network operator MOESK's business profile is
somewhat weaker than that of Kazakhstan Electricity Grid
Operating Company (KEGOC, BBB-/Stable), the electricity
transmission operator in Kazakhstan, and especially than that of
FedGrid (BBB-/Positive), the Russian electricity transmission
operator. FedGrid benefits from a larger scale of operations and
greater geographical diversification. MOESK and KEGOC are subject
to volume risk, while FedGrid's exposure to volume risk is
limited since the company's tariffs are set based on, among other
things, customers' declared electricity capacity needs and not on
actual electricity consumption.

MOESK and its peers are subject to regulatory uncertainties,
macroeconomic shocks and possible political interference. Their
investment programmes are usually sizeable, but have some
flexibility. The financial profiles of the three companies are
similar. Fitch rates MOESK under GRE Criteria by applying a
bottom-up plus one notch approach to its standalone rating of
'BB'.

KEY ASSUMPTIONS

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

  - Russian GDP growth of 1.5%-1.9% over 2018-2022

  - Russian CPI of 2.8% in 2018 and 4%-4.5% over 2019-2022

  - Electricity consumption to grow slightly below GDP growth in
2018-2022

  - Tariff growth slightly below inflation

  - Capex of about RUB25 billion (excluding VAT) on average over
2018-2022; in line with management expectations

  - Dividends of RUB1.5 billion in 2018 and 50% of net income
under IFRS onwards

RATING SENSITIVITIES

Developments that May, Individually or Collectively, Lead to
Positive Rating Action

  - Evidence of significantly stronger state support, although
unlikely at this stage, in its view

  - Improvement of financial profile (i.e. FFO adjusted net
leverage (excluding connection fees) well below 3x and FFO fixed
charge cover (excluding connection fees) above 4.5x on a
sustained basis) or an improvement in the Russian regulatory
framework for electricity distribution would be positive for the
standalone credit profile but not necessarily the rating.

Developments that May, Individually or Collectively, Lead to
Negative Rating Action

  - Sovereign rating downgrade

  - Significant deterioration in the credit metrics on a
sustained basis (FFO adjusted net leverage (excluding connection
fees) above 4x and FFO fixed-charge cover (excluding connection
fees) below 3.2x) due to, for example, low tariff growth
insufficient to cover inflationary cost increases and not
compensated by capex cuts, or generous dividend payouts. All
these would be negative for the standalone credit profile but not
necessarily the rating (i.e. if the links with the state
strengthen).

  - Weaker links with the parent, and ultimately the state

LIQUIDITY

Manageable Liquidity: At July 1, 2018 MOESK's cash and cash
equivalents of RUB2.2 billion, together with unused credit
facilities of RUB51 billion, mainly from state-owned banks, were
sufficient to cover short-term maturities of RUB13 billion
(represented by put offer on two bond issues) and Fitch-projected
negative FCF of about RUB7 billion over 2H18-1H19. MOESK does not
pay commitment fees for its unused credit lines, as is common in
Russia, but Fitch expects these lines to be available to the
company. Fitch expects negative FCF will add to funding
requirements.

FULL LIST OF RATING ACTIONS

  - Long-Term Foreign- and Local-Currency IDRs: affirmed at
'BB+'; Outlook Stable

  - Short-Term Foreign-Currency IDR: affirmed at 'B'

  - Local currency senior unsecured rating: affirmed at 'BB+'


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


BANKINTER 2 PYME: S&P Affirms D (sf) Rating on Class E Notes
------------------------------------------------------------
S&P Global Ratings raised its credit ratings on Bankinter 2 PYME,
Fondo de Titulizacion de Activos' class B, C, and D notes. At the
same time, S&P has removed its ratings on the class B and C notes
from CreditWatch positive and affirmed our rating on the class E
notes.

Bankinter 2 PYME is a single-jurisdiction cash flow
collateralized loan obligation (CLO) transaction securitizing a
portfolio of small and midsize enterprise (SME) loans that were
originated by Bankinter S.A. in Spain. The transaction closed in
June 2006.

CREDIT ANALYSIS

S&P said, "We have applied our European SME CLO criteria to
assess the portfolio's average credit quality. In our opinion,
the credit quality of the portfolio is about 'b', based on our
qualitative originator assessment on Bankinter as strong and that
Spain's Banking Industry Country Risk Assessment (BICRA) is 4.

"Taking the above into account and considering the originator's
average annual observed default frequency, we have applied a
downward adjustment of one notch to the 'b+' archetypical average
credit quality.

"As a result of these factors, based on our assessment of the
average credit quality of the portfolio, we generated our 'AAA'
scenario default rate (SDR) of 62.28%.

"We have calculated the 'B' SDR, based primarily on our analysis
of historical SME performance data and our projections of the
transaction's future performance. We have reviewed the
portfolio's historical default data, and assessed market
developments, macroeconomic factors, changes in country risk, and
the way these factors are likely to affect the loan portfolio's
creditworthiness. As a result of this analysis, our 'B' SDR is
6%.

"We interpolated the SDRs for rating levels between 'B' and 'AAA'
in accordance with our European SME CLO criteria."

RECOVERY RATE ANALYSIS

S&P said, "At each liability rating level, we assumed a weighted-
average recovery rate (WARR) by considering the asset type
(secured/unsecured) and the country recovery grouping and
observed historical recoveries.

"As a result of this analysis, our WARR assumption in a 'AAA'
rating scenario  was 34.80%. The recovery rates at more junior
rating levels were higher (as outlined in our European SME CLO
criteria)."

CASH FLOW ANALYSIS

S&P said, "We used the portfolio balance that the servicer
considered to be performing, the current weighted-average spread,
and the WARRs that we considered to be appropriate. We subjected
the capital structure to various cash flow stress scenarios,
incorporating different default patterns and interest rate
curves, to determine the rating level, based on the available
credit enhancement for each class of notes under our European SME
CLO criteria."

COUNTRY RISK

S&P's foreign currency long-term sovereign rating on Spain is 'A-
'.

CASH FLOW ANALYSIS

S&P said, "The results of our credit and cash flow analysis
indicate that all classes of notes have increased available
credit enhancement, which, in our view, has primarily been driven
by deleveraging of the transaction since our previous review.

"Under our structured finance ratings above the sovereign
criteria (RAS criteria), we can rate a securitization up to four
notches above our foreign currency rating on the sovereign if the
tranche can withstand severe stresses.

"However, if all six of the conditions in paragraph 42 of the RAS
criteria are met (including credit enhancement being sufficient
to pass an extreme stress), we can assign ratings in this
transaction up to a maximum of six notches (two additional
notches of uplift) above the sovereign rating. For the class B
notes, our analysis indicates that these notes are able to
withstand the extreme stress as outlined by the RAS criteria. We
have therefore raised to 'AAA (sf)' from 'AA- (sf)' and removed
from CreditWatch positive our rating on the class B notes.

"Furthermore, our analysis indicates that the class C notes can
withstand severe stresses however do not appear to satisfy all of
the conditions outlined under paragraph 42 of our RAS criteria.
We have therefore raised to 'AA (sf)' from 'BBB+ (sf)' and
removed from CreditWatch positive our rating on the class C
notes.

"Our credit and cash flow analysis of the class D notes indicates
that they can achieve ratings higher than those previously
assigned. While our analysis shows that the notes can achieve
ratings in the 'A' category, much of the credit afforded to these
notes derives from the reserve fund, assuming that it continues
to remain outstanding at its original amount. We note however
that the reserve fund may amortize over time if certain
conditions are met, which may erode the level of available credit
enhancement. We have factored this scenario into our credit and
cash flow analysis of the class D notes. We have therefore raised
to 'BBB (sf)' from 'BBB- (sf)' our rating on this class of notes.

"The class E notes remain in default and so we have affirmed our
'D' (sf)' rating on this class of notes."

  RATINGS LIST

  Class              Rating
              To                From

  Bankinter 2 PYME, Fondo de Titulizacion de Activos EUR800
  Million Asset-Backed Floating-Rate Notes

  Ratings Raised And Removed From CreditWatch Positive

  B           AAA (sf)          AA- (sf)
  C           AA (sf)           BBB+ (sf)

  Rating Raised

  D           BBB (sf)          BBB- (sf)

  Rating Affirmed

  E           D (sf)


BANKINTER 3 FTPYME: S&P Affirms D (sf) Rating on Class E Notes
--------------------------------------------------------------
S&P Global Ratings raised and removed them CreditWatch Positive
its credit ratings on Bankinter 3 FTPYME, Fondo de Titulizacion
de Activos' class A2, A3(G), and B notes. At the same time, S&P
has raised its ratings on the class C and D notes, and affirmed
its rating on the class E notes.

Bankinter 3 FTPYME is a single-jurisdiction cash flow
collateralized loan obligation (CLO) transaction securitizing a
portfolio of small and midsize enterprise (SME) loans that were
originated by Bankinter S.A. in Spain. The transaction closed in
November 2007.

CREDIT ANALYSIS

S&P said, "We have applied our European SME CLO criteria to
assess the portfolio's average credit quality. The portfolio's
credit quality is 'b', based on our qualitative originator
assessment on Bankinter as strong and that Spain's banking
industry country risk assessment (BICRA) is 4.

"Taking the above into account and considering the originator's
average annual observed default frequency, we have applied a
downward adjustment of one notch to the 'b+' archetypal average
credit quality.

"As a result of these factors, and based on our assessment of the
portfolio's average credit quality, we generated our 'AAA'
scenario default rate (SDR) of 62.58%.

"We have calculated the 'B' SDR, based primarily on our analysis
of historical SME performance data and our projections of the
transaction's future performance. We have reviewed the
portfolio's historical default data, and assessed market
developments, macroeconomic factors, changes in country risk, and
the way these factors are likely to affect the loan portfolio's
creditworthiness. As a result of this analysis, our 'B' SDR is
8%.

"We interpolated the SDRs for rating levels between 'B' and 'AAA'
in accordance with our European SME CLO criteria."

RECOVERY RATE ANALYSIS

S&P said, "At each liability rating level, we assumed a weighted-
average recovery rate (WARR) by taking into consideration the
asset type (secured/unsecured) and the country recovery grouping,
and the observed historical recoveries.

"As a result of this analysis, our WARR assumption in a 'AAA'
rating scenario was 31.64%. The recovery rates at more junior
rating levels were higher (as outlined in our European SME CLO
criteria)."

CASH FLOW ANALYSIS

S&P said, "We used the portfolio balance that the servicer
considered to be performing, the current weighted-average spread,
and the WARRs that we considered to be appropriate. We subjected
the capital structure to various cash flow stress scenarios,
incorporating different default patterns and interest rate
curves, to determine the rating level, based on the available
credit enhancement for each class of notes under our European SME
CLO criteria."

COUNTRY RISK

S&P's foreign currency long-term sovereign rating on Spain is 'A-
'.

CASH FLOW ANALYSIS

S&P said, "The results of our credit and cash flow analysis
indicate that all classes of notes have increased available
credit enhancement, which, in our view, has primarily been driven
by deleveraging of the transaction since our previous full
review.

"Under our structured finance ratings above the sovereign
criteria (RAS criteria), we can rate a securitization up to four
notches above our long-term foreign currency rating on the
sovereign if the tranche can withstand severe stresses. However,
if all six of the conditions in paragraph 42 of the RAS criteria
are met (including credit enhancement being sufficient to pass an
extreme stress), we can assign ratings in this transaction up to
a maximum of six notches (two additional notches of uplift) above
the sovereign rating. For the class A2 and A3(G) notes, our
analysis indicates that they can withstand severe stresses. We
have therefore raised to 'AAA (sf)' from 'AA- (sf)' and removed
our ratings on these notes from CreditWatch positive.

"Our analysis indicates that the class B notes can withstand
severe levels of stress as prescribed under the RAS criteria. Our
analysis highlights that the increase in credit enhancement
allows the rating to achieve a 'A+' level. Taking this and the
results of our credit and cash flow analysis into account, we
have raised to 'A+ (sf)' from 'BBB+ (sf)' and removed from
CreditWatch positive our rating on the class B notes.

"Our credit and cash flow analysis of the class C and D notes
indicates that they can achieve ratings higher than those
currently assigned, primarily driven by increased levels of
credit enhancement since our previous review. While our analysis
shows that the notes can achieve ratings in the 'BBB' category,
much of the credit afforded to the notes derives from the reserve
fund, assuming that it continues to remain outstanding at its
original amount. We note however that the reserve fund may
amortize over time if certain conditions are met, which may erode
the level of available credit enhancement. We have factored this
scenario into our credit and cash flow analysis of the class C
and D notes. We have therefore raised to 'BB- (sf)' from 'B (sf)'
our rating on the class C notes, and to 'B (sf)' from 'CCC+ (sf)'
our rating on the class D notes."

The class E notes remain in default and so S&P has affirmed its
'D (sf)' rating on this class of notes.

  RATINGS LIST
  Class              Rating
              To                From

  Bankinter 3 FTPYME, Fondo de Titulizacion de Activos
  EUR617.4 Million Asset-Backed Floating-Rate Notes

  Ratings Raised and Removed from CreditWatch Positive

  A2          AAA (sf)          AA- (sf) /Watch Pos
  A3(G)       AAA (sf)          AA- (sf) /Watch Pos
  B           A+ (sf)           BBB+ (sf) /Watch Pos

  Ratings Raised

  C           BB- (sf)          B (sf)
  D           B (sf)            CCC+ (sf)

  Rating Affirmed

  E           D (sf)


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


CAVENDISH SQUARE: Fitch Hikes Class C Debt Rating to BBsf
---------------------------------------------------------
Fitch Ratings has upgraded Cavendish Square Funding plc, as
follows:

Class A2: upgraded to 'BBBsf' from 'BBsf'; Outlook Stable

Class B: upgraded to 'BBBsf' from 'BBsf'; Outlook Stable

Class C: upgraded to 'BBsf' from 'B-sf'; Outlook Stable

Cavendish Square Funding plc is a securitisation of mainly
European structured finance securities that closed in 2006.

KEY RATING DRIVERS

Portfolio Amortisation: The upgrade reflects the increased credit
protection available for the rated notes as a result of portfolio
amortisation. The class A1 notes have been paid in full and the
class A2 notes have paid down by EUR11.9 million over the last 12
months, increasing the credit enhancement.

Portfolio Credit Quality: The average credit quality of the
performing portfolio is 'BB+'/'BB'. Assets classified as
defaulted by Fitch (rated 'CCsf' or below) represent
approximatively 30% of the total portfolio.

Correlation Impact: The portfolio remains diversified despite the
amortisation of the pool. There are currently 53 performing
issuers, down from 67 as of the last review in August 2017. The
performing portfolio is concentrated is the RMBS sector.

Low Recovery Expectation: Most of the assets within the portfolio
are subordinated tranches. Consequently, its recovery expectation
for the portfolio is near 0%.

Structure and Cash Flow Analysis: All over-collateralisation
tests are passing with a healthy cushion. As such, all rated
notes are currently paying interest on a timely basis. A non-
timely payment of interest on the most senior notes, currently
class A2 notes, is an event of default for the transaction.

RATING SENSITIVITIES

A 25% increase in the obligor default probability or a 25%
reduction in expected recovery rates would not impact the ratings
of the note.

USE OF THIRD-PARTY DUE DILIGENCE PURSUANT TO RULE 17G-10
Form ABS Due Diligence-15E was not provided to, or reviewed by,
Fitch in relation to this rating action.

DATA ADEQUACY

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

The majority of the underlying assets 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 Fitch groups and/or other rating
agencies to assess the asset portfolio information.

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


DEBENHAMS PLC: Moody's Cuts LT CFR to B2 & Alters Outlook to Neg.
-----------------------------------------------------------------
Moody's Investors Service has downgraded the long-term corporate
family rating of the UK's largest department store group
Debenhams plc to B2 from B1. Concurrently, Moody's has downgraded
the probability of default rating to B2-PD from B1-PD and the
senior unsecured ratings on the GBP200 million notes due in 2021
to B2 from B1. The outlook on the ratings has changed to negative
from stable.

"Downgrading Debenhams to B2 reflects its weaker-than-expected
profitability and resultant deterioration in credit metrics to
levels inconsistent with the B1 rating," says David Beadle, a
Moody's Vice President -- Credit Officer and lead analyst for
Debenhams. "The negative outlook factors in the possibility of a
further drop in profits or weaker liquidity," he added.

RATINGS RATIONALE

The downgrade factors in a deterioration in Debenhams
profitability on the back of pressure on sales and margins in a
highly competitive and promotional UK trading environment. In
June, Debenhams revised its profit guidance for fiscal 2018
downwards for the third time since January. As a consequence,
Moody's expects that the company's leverage (adjusted gross debt
to adjusted EBITDA each as defined by Moody's) will increase to
around 7.0x, compared to Moody's previous expectations of about
6.4x, and 5.8x a year earlier. The rating agency anticipates that
adjusted gross leverage will remain elevated in the next 12-18
months.

The company's gross transaction value have fallen by 1.6% in the
first half of fiscal 2018. Declining in-store sales in the UK
have not been fully offset by international and online revenue
growth, despite Debenhams continuing to record double-digit
annual percentage gains in the digital channel.

Moreover, the need to remain price competitive with a multitude
of competitors, some of which are in financial difficulties and
thus discounting aggressively, has also adversely affected
margins, with the company guiding to 150 basis points gross
margin compression in fiscal 2018. As such, despite better than
previously expected cost reductions, which will keep overheads
flat, the company forecasts fiscal 2018 underlying pre-tax
profits of GBP35-40 million.

Moody's base case scenario for Debenhams fiscal 2019 is that the
promotional marketplace will continue curbing revenue growth,
despite the positive drivers of various Debenhams Redesigned
initiatives. The rating agency nevertheless expects cost saving
measures will see profitability stabilise. While highlighting
risks to the downside in this respect, Moody's also notes that an
easing of the aggressive discounting pursued by peers could lead
to outperformance. Furthermore, the rating agency notes Debenhams
planned savings in capex of at least GBP50 million compared to
fiscal 2018. As such, and factoring in its expectation that the
company will cancel its dividends, the rating agency expects that
Debenhams will generate positive free cash flow of around GBP50
million in fiscal 2019 compared to a forecast negative GBP40
million in fiscal 2018.

The rating agency notes that a strategic review of non-core
assets may result in disposals that would boost net cash
generation in the year. However, the inherent uncertainties
around timing and amounts means Moody's has not factored this
possible eventuality into its base case forecasts.

Disposals could also result in a meaningful reduction in net
reported debt. However, the impact on Moody's-adjusted credit
metrics would not be significant as adjustments in respect of
leases make up nearly 90% of adjusted debt. Moreover, Moody's
notes that the sale of a growing business such as the company's
Danish chain Magasin du Nord would have negative implications for
Debenhams diversification and quality of earnings.

Debenhams B2 rating reflects (1) a highly competitive and
promotional environment in the UK; (2) negative sales and margin
developments in the UK; (3) fashion risk (albeit mitigated by
product diversification); and (4) high operating and financial
leverage owing to long store leases.

On the other hand, the rating also reflects (1) Debenhams
established market position in the UK, backed by a portfolio of
well-invested department stores in prime locations; (2)
diversified product ranges including clothing and non-clothing
products; (3) growing online and international sales; and (4) the
progress being made in respect of the Debenhams Redesigned
strategy.

LIQUIDITY ANALYSIS

Debenhams liquidity profile has historically been good and
subject to a stable working capital profile, which Moody's
expects to remain consistent. At the fiscal 2018 half year, the
company had cash of GBP39 million and access to a GBP320 million
revolving credit facility (RCF), of which GBP236 million was
undrawn.

The RCF has two maintenance covenants tested quarterly: a net
leverage and a fixed-charge coverage ratio covenant, with no
step-up over the life of the facility. Debenhams has no short-
term debt maturities, although Moody's believes refinancing plans
will likely begin in the next year. The RCF matures in June 2020,
with an option to request an extension to June 2021, and the
GBP200 million senior notes are due in July 2021.

Moody's expects that Debenhams will continue to comply with the
covenants and thus retain full access to the RCF, despite the
weakened operating performance. As such, the rating agency
believes that Debenhams liquidity will remain solid even if some
working capital absorption were to emerge in light of credit
insurers desire to limit their exposure to the UK retail sector.

RATIONALE FOR THE NEGATIVE OUTLOOK

The negative outlook reflects the evolving challenging market
dynamics, especially in the UK, which the company aims to address
through its Debenhams Redesigned initiatives. As such, the
outlook captures the possibility that Debenhams financial
performance could continue to deteriorate over the next 12-18
months such that its credit metrics would no longer be
commensurate with the B2 rating category. The outlook also
factors in the possibility that liquidity could weaken from the
current acceptable level.

WHAT COULD CHANGE THE RATING UP/DOWN

Positive rating pressure is not expected in the short to medium
term. However, the rating outlook could be stabilised in the
event that there is clear evidence that Debenhams Redesigned is
proving successful with a return to profitability growth, such
that Moody's-adjusted gross leverage trends towards or below
6.5x, and the company can sustain a positive free cash flow
profile.

Conversely, Moody's could downgrade the ratings if Debenhams
performance deteriorates such that profitability weakens and
leverage is expected to remain above 7.0x on a sustainable basis.
A deterioration in liquidity due to, for example, adverse
development of working capital levels, could also lead to a
downgrade, as could a failure to renew or refinance debt
facilities due to mature in 2020 and 2021 on a timely basis, most
likely in summer 2019.

COMPANY PROFILE

Debenhams is the UK's largest department store group by number of
stores (166 in fiscal 2017), and operates internationally through
11 stores in the Republic of Ireland, six owned stores in Denmark
(which trade as Magasin du Nord), 63 franchise stores in more
than 20 countries that are owned and operated by local partners,
and international online sales.

The company is listed on the London Stock Exchange has a market
capitalisation of approximately GBP140 million.

PRINCIPAL METHODOLOGY

The principal methodology used in these ratings was Retail
Industry published in May 2018.


EXTREME POWERED: Stagnant Rental Marketing Prompts Administration
-----------------------------------------------------------------
Business Sale reports that Extreme Powered Platforms, a UK-based
rental company, has entered administration with the speculation
that a stagnant rental marketing is the reason for its downfall.

The company was placed in administration just as Extreme Hire
Ltd, a new company, came into operation, Business Sale relates.
Extreme Powered Platforms has now been acquired by the new
business and will continue trading under the Extreme Hire name
after a company-wide restructuring, Business Sale discloses.

Both Extreme Powered Platforms and Extreme Hire Ltd are owned by
Stuart Bond, Business Sale notes.

Extreme Powered Platforms' accounts reported GBP2.8 million worth
of assets, and a net worth of GBP543,000, Business Sale states.

According to Business Sale, Richard Brian Keley --
rich.keley@bm-advisory.com -- from BM Advisory LLP has been
appointed as administrator for Extreme Powered Platforms.

Located in a facility in Hailsham, East Sussex, the original
company was founded in 2004 and began operations in 2005 with the
introduction of new electric slab scissor lifts.  Presently, it
caters to a wide variety of aerial work platforms and offers
self-propelled scissor lifts, booms, large spider lifts, push
around lifts as well as truck mounts.


GTLK EUROPE: Fitch Withdraws 'BB(EXP)' Rating on Proposed Notes
---------------------------------------------------------------
Fitch Ratings has withdrawn the 'BB(EXP)' expected rating
assigned to the offering of guaranteed notes by GTLK Europe
Capital DAC, a special purpose financing entity of GTLK Europe
DAC, an Irish subsidiary of Russia-based PJSC State Transport
Leasing Company (BB/Positive).

KEY RATING DRIVERS

Fitch is withdrawing the expected rating due to the issuer's
decision not to proceed with the notes offering. The expected
rating was assigned on February 8, 2018.

RATING SENSITIVITIES

Not applicable.


HOUSE OF FRASER: Cash Crisis Hits Bond Price, Rescue Uncertain
--------------------------------------------------------------
Ben Woods at The Telegraph reports that hopes of a rescue deal
for House of Fraser are fading after the cash crunch engulfing
the chain forced the price of its bonds into a rapid spiral.

According to The Telegraph, the retailer's bonds are trading at
an all-time low of just 30p in the pound, having plummeted 57% in
the space of a week.  The steep price drop suggests that debt
investors hold little hope of being repaid, The Telegraph notes.

The price was sent tumbling when Chinese shoe retailer C.Banner
delayed a GBP70 million investment and has continued to fall
sharply following a slew of bad news, The Telegraph recounts.

The retailer has been hit by a series of credit rating downgrades
and the pulling of C.Banner's rescue deal altogether, The
Telegraph relates.


HOUSE OF FRASER: Philip Day Mulls Potential Bid for Business
------------------------------------------------------------
Arathy S. Nair and Alistair Smout at Reuters, citing Sky News,
report that billionaire Philip Day is in the early stages of a
potential bid for British retailer House of Fraser to save it
from collapse.

The news comes a day after a rescue deal for House of Fraser was
thrown into doubt after C.banner canceled planned fundraising for
its deal to become a majority shareholder in the department
store, Reuters notes.

According to Reuters, Sky News, citing one source, said Mr. Day
could yet decide not to table a formal proposal to acquire House
of Fraser depending upon due diligence and discussions with the
company.

A spokesman for House of Fraser declined to comment on the report
and reiterated the Aug. 1 statement that talks about other
possible sources of investment were ongoing and an update would
be given when appropriate, Reuters relates.

House of Fraser had agreed to close stores as part of the rescue
deal, and in June creditors approved a restructuring plan which
would see 31 of its 59 stores close early next year, leading to
the loss of 6,000 jobs, Reuters recounts.


TRITON UK: Fitch Assigns First-Time 'BB-' Rating, Outlook Stable
----------------------------------------------------------------
Fitch Ratings has assigned first-time 'BB-' ratings to Triton UK
Midco Limited (Triton) and NDS Ltd. along with 'BB'/'RR2' ratings
to Triton's senior secured credit facilities. The Rating Outlook
is Stable. Triton UK Midco Limited, controlled by funds
affiliated with private equity firm Permira, is acquiring the
Service Provider Video Software and Solutions business of Cisco
Systems, Inc.

The ratings and Outlook reflect Triton's conservative
capitalization. Conservative leverage ostensibly reflects
negative secular trends in the pay-TV universe, which is in
decline in some regions. Additionally, Triton is concentrated in
four customers representing half of total revenue. However,
Triton's largest customer is taking a 20% strategic stake in the
business, and displacement of Triton by its major customers is
unlikely. Additionally, the strategic merit of the carve-out is
reasonable and supported by meaningful R&D cost rationalization
and significantly better incentive alignment outside of Cisco,
which acquired the predecessor business in 2012. Finally, Fitch
believes Triton's financial flexibility affords resiliency to a
faster decline in pay-TV. Under a scenario where its core
business declines at double the rate contemplated in the ratings
case, credit protection metrics are degraded but not indicative
of an inability to service its financial commitments.

KEY RATING DRIVERS

Leverage Profile: Triton is conservatively capitalized,
particularly for a financial sponsor transaction. Pro forma
leverage at close is expected to be 3.2x. Fitch believes leverage
will decline to circa 2.6x by year end 2020 (end July) and 2.1x
by 2021 achieved mainly through margin expansion. The sponsor is
targeting 2.5x leverage and has stated it does not intend to
extract dividends. This is a somewhat reasonable assumption given
the sponsor's desire to invest in growth initiatives, mainly
around the cloud DVR and end-to-end cloud platform as well as
streaming piracy protection and targeting advertising. Fitch's
technology universe median leverage in the 'B' category ranges
from approximately 5.5x to 6.5x while the 'BB-' median leverage
is 2.9x.

Pay-TV Decline: The business's conservative capital structure is
clearly a function of negative secular trends in the pay-TV
universe where the subscriber base is expected to contract low
single digits in the U.S. and be flat to modestly up in Europe.
Granted, developing markets are still expanding and Triton has
exposure to many including China and India which are expected to
grow in the single digits. Additionally, pay-TV operators in
Triton's largest customer's markets are increasingly offering
gateway set top boxes that require just one smart card (Triton's
main security product) per household. Overall, Fitch sees -4%
CAGR smart card declines across Triton's four largest customers.

Customer Concentration: Triton's four largest customers represent
about 70% of its Triton segment revenue and about half of total
revenue. Three customers, Sky plc (BBB-/Rating Watch Positive),
AT&T Inc. (A-/Stable), and China, each individually represented
more than 10% of total revenue in FY17. Together with its limited
end-market diversification, Triton's diversification factor would
be consistent with a single 'b' rating under Fitch's Ratings
Navigator. Offsetting this, Triton's largest customer is making a
20% equity investment, and rip and replace of Triton's technology
for its largest customers would be economically if not
technically unfeasible.

Carve-Out Rationale: There is strategic merit to carving out
Triton from Cisco since discounting for Cisco's largest
switch/router carrier enterprise customers that were also Triton
customers was highly prevalent. Control over sales strategy,
channel relationships, and the product roadmap will yield
strategic benefit to Triton. R&D cost rationalization potential
is significant with FY17 expenditure of $195 million to be
brought to around $100 million over the rating horizon.
Standalone facility within cost of goods sold and R&D costs
compared to facility allocations from Cisco represent
approximately 20% of LTM EBITDA net of standalone SG&A costs. The
sponsor is experienced with technology carve-outs and is quite
familiar with the business having owned Triton (51% majority
stake) with News Corporation from 2009 until the Cisco
acquisition. Fitch believes cost rationalization will enable
Triton to roughly double its Operating EBITDA margin by FY22,
consistent with its historical margin profile, despite a 5% to 6%
CAGR top line decline.

Financial Flexibility: Fitch believes Triton's financial
flexibility affords resiliency to a faster decline in pay-TV.
Under a stress scenario where its core business declines at
double the rate contemplated in the ratings case and margins
expansion is just 5 points (limited to restructuring and
standalone efficiencies at the outset) owing to pricing pressure
and reduced cost absorption, in addition to limited traction in
cloud efforts, credit protection metrics are degraded but not
indicative of an inability to service its financial commitments.
This ability to weather deterioration in the business is a key
differentiator among the 'BB' and 'B' rating categories. Under
this scenario, Fitch estimates leverage would rise to slightly
above 4x over the ratings horizon but liquidity in the form of
readily available cash would be on the order of $15 to $30
million while Triton would have access to its $50 million
revolver. Additionally, Fitch believes Triton would still be able
to maintain positive FCF.

DERIVATION SUMMARY

Triton is conservatively capitalized for a financial sponsor-led
acquisition reflecting in part the secular challenges in the pay-
TV market in which it operates. However, Triton is a market
leader with a #1 or #2 position in its product categories. The
company has limited diversification with predominantly all of its
business derived from video content protection in the pay-TV
space, which is in decline. Moreover, Triton has significant
customer concentration with half of its revenues derived from a
handful of pay-TV operators. While these features are limiting to
the rating, it is offset, in part, by its largest customer co-
investing in the carve-out transaction, and the basis for
switching away from Triton's offering is uneconomic for its
largest customers.

Triton has some growth prospects particularly in its cloud
products and in the eventual shift by pay-TV operators to a
hybrid/IP distribution model as well as anti-piracy technology.
While this will potentially bolster the company's growth
prospects it may expose it to direct competition with very large,
well-capitalized technology players who already figure
prominently in the IP space, to the extent this becomes a major
threat to traditional pay-TV models. Triton's rating benefits
from a degree of financial flexibility, afforded by its
conservative capital structure, and Fitch estimates the company
would withstand a sharp acceleration in the rate of pay-TV
subscriber declines without significant impairment to its credit
protection metrics and be well positioned to meet its financial
obligations. Fitch views recovery prospects for the senior
secured credit facilities as superior, consistent with a 'RR2'
recovery rating, and so notched the ratings +1 from the IDR to
'BB'. Fitch established a strong linkage between Triton UK Midco
Limited as holdings and issuer of debt and NDS Ltd, the primary
operating entity, given legal and operational ties. No country
ceiling constraint or operating influence factored into the
ratings.

KEY ASSUMPTIONS

  -- Mid-single digit CAGR '17-'23 decline in core video security
business reflecting approximately 4% weighted average subscriber
decline across largest customers and 2% to 3% weighted decline in
total.

  -- Mid-teens CAGR decline in middleware and services; mid-teens
CAGR increase in cloud DVR and cloud platform products revenue.

  -- Operating margin expansion through an approximately 10 point
improvement in gross margin, 5 point reduction in R&D as % of
revenue, and a 1 point improvement in SG&A reflecting net
standalone efficiencies and rationalization efforts.

  -- No dividend, acquisitions or divestitures over the ratings
horizon; debt reduction limited to required amortization and
excess cash flow payments to the extent applicable.

  -- Capex of 2.5% to 3% of revenue; 26% cash tax rate.

RATING SENSITIVITIES

Developments That May, Individually or Collectively, Lead to
Positive Rating Action

  -- Total debt with equity credit sustained below 2x;

  -- Sustained positive revenue growth;

  -- FCF margin sustained above 10%;

  --  Material voluntary debt reduction.

Developments That May, Individually or Collectively, Lead to
Negative Rating Action

  -- Total debt with equity credit sustained above 3x;

  -- Sustained revenue declines exceeding 5% annually;

  -- Sustained negative FCF;

  -- Dividends or leveraged acquisitions.

LIQUIDITY

Triton is expected to have approximately $70 million in cash on
day one. Fitch assumes $20 million reserved for vesting RSUs is
not readily available. Triton will have access to a $50 million
revolver which is expected to be undrawn at close and will mature
in five years. Fitch expects Triton to generate positive FCF of
$20 million in FY20 increasing to approximately $100million in
FY22. Triton's only expected debt outstanding, its $415 million
first lien senior secured term loan B will mature seven years
from closing and require 1% amortization payments. Fitch
estimates Triton will make one excess cash flow payment of
approximately $10 million in FY20. Thereafter, leverage is
expected to decline such that additional excess cash flow
payments will not be required.

FULL LIST OF RATING ACTIONS

Fitch has assigned first-time ratings as follows:

Triton UK Midco Limited

  -- Long-Term IDR 'BB-';

  -- Senior Secured Credit Facilities 'BB/RR2'.

NDS Ltd.

  -- Long-Term IDR 'BB-'.

The Rating Outlook is Stable.


WONGA: Averts Collapse Following GBP10-Mil. Cash Injection
----------------------------------------------------------
Iain Withers at The Telegraph reports that payday lender Wonga
has been rescued from collapse by a GBP10 million cash injection
from investors.

Leading technology venture capital funds Accel Partners and
Balderton Capital have taken part in an emergency fundraising in
the last few weeks, The Telegraph relays, citing Sky News.

Wonga is one of the UK's biggest short-term lenders, but has
faced difficulties after a spike in compensation claims amid a
regulatory clampdown on the controversial sector, The Telegraph
discloses.


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


* BOND PRICING: For the Week July 30 to August 3, 2018
------------------------------------------------------

Issuer                        Coupon   Maturity  Currency  Price
------                        ------   --------  --------  -----
FF Group Finance Luxembour    1.750   7/3/2019    EUR    43.850
FF Group Finance Luxembour    3.250  11/2/2021    CHF    43.322
Casino Guichard Perrachon     1.941               EUR    58.719
Andrade Gutierrez Internat    4.000  4/30/2018    USD    70.000
Aryzta AG                     5.314               CHF    67.275
Steinhoff Europe AG           1.875  1/24/2025    EUR    69.394
VIEO BV                       6.750   9/7/2022    EUR    69.110
Mitsubishi UFJ Investor Se    4.177 12/15/2050    EUR    53.279
Aryzta AG                     3.500               CHF    63.371
Rallye SA                     3.250   2/8/2024    CHF    73.066
Astaldi SpA                   4.875  6/21/2024    EUR    68.258
New Look Secured Issuer PL    6.500   7/1/2022    GBP    50.500
Holdikks SAS                  6.750  7/15/2021    EUR    46.728
O1 Properties Finance PLC     8.250  9/27/2021    USD    64.553
Galapagos Holding SA          7.000  6/15/2022    EUR    61.100
QGOG Constellation SA         6.250  11/9/2019    USD    28.856
Steinhoff Finance Holding     1.250 10/21/2023    EUR    46.803
Ageasfinlux SA                1.022               EUR    60.344
House of Fraser Funding PL    6.377  9/15/2020    GBP    73.090
Credit Bank of Moscow Via     8.875               USD    76.950
Agrokor dd                    9.875   5/1/2019    EUR    24.243
QGOG Constellation SA         9.500  11/9/2024    USD    38.844
Teva Pharmaceutical Financ    4.100  10/1/2046    USD    73.454
Ensco PLC                     5.750  10/1/2044    USD    71.620
Offshore Drilling Holding     8.375  9/20/2020    USD    51.058
Oi Brasil Holdings Coopera    5.750  2/10/2022    USD     7.050
EA Partners I BV              6.875  9/28/2020    USD    73.030
BNP Paribas SA                2.528               USD    71.990
Turkey Government Bond        7.100   3/8/2023    TRY    69.650
Portugal Telecom Internati    5.000  11/4/2019    EUR     5.193
Rothschilds Continuation F    2.750               USD    71.414
Agrokor dd                    9.125   2/1/2020    EUR    23.883
EA Partners II BV             6.750   6/1/2021    USD    69.134
Portugal Telecom Internati    4.625   5/8/2020    EUR     5.852
Vallourec SA                  4.125  10/4/2022    EUR     7.289
Bank Otkritie Financial Co   10.000  4/26/2019    USD    16.667
Agrokor dd                    8.875   2/1/2020    USD    24.347
Bourbon Corp                  6.446               EUR    47.000
Neopost SA                    3.375               EUR    56.590
OAS Investments GmbH          8.250 10/19/2019    USD     6.100
New Look Senior Issuer PLC    8.000   7/1/2023    GBP    26.125
Immigon Portfolioabbau AG     5.982               EUR    15.750
BIM SAS                       2.500 11/13/2020    EUR    23.221
Econocom Group SA/NV          0.500   3/6/2023    EUR     7.988
Societe Generale SA           2.545               USD    74.575
Rickmers Holding AG           8.875  6/11/2018    EUR     2.255
New Look Secured Issuer PL    4.500   7/1/2022    EUR    49.343
Maisons du Monde SA           0.125  12/6/2023    EUR    48.680
Nexans SA                     2.500   1/1/2019    EUR    74.029
Promsvyazbank OJSC Via PSB   10.200  11/6/2019    USD    14.442
EOS Imaging SA                6.000  5/31/2023    EUR     6.790
America Movil BV              5.500  9/17/2018    EUR    73.027
Air Berlin PLC                8.250  4/19/2018    EUR     0.455
Portugal Telecom Internati    5.875  4/17/2018    EUR     4.732
Grupo Isolux Corsan SA        3.000 12/30/2021    EUR     0.628
Portugal Telecom Internati    4.375  3/24/2017    EUR     5.025
Genfit                        3.500 10/16/2022    EUR    30.846
Nexity SA                     0.125   1/1/2023    EUR    71.170
ADLER Real Estate AG          2.500  7/19/2021    EUR    16.151
Pacific Drilling SA           5.375   6/1/2020    USD    37.250
Mriya Agro Holding PLC        9.450  4/19/2018    USD     7.750
Transcapitalbank JSC Via T   10.000  9/18/2020    USD    55.000
DNB Bank ASA                  2.375               USD    71.692
Korian SA                     2.500               EUR    41.310
Grupo Isolux Corsan SA        0.250 12/30/2021    EUR     0.622
Portugal Telecom Internati    4.500  6/16/2025    EUR     6.637
DNB Bank ASA                  2.563               USD    71.692
Nexity SA                     0.250   3/2/2025    EUR    70.268
Banco Espirito Santo SA       4.750  1/15/2018    EUR    28.656
Banco Espirito Santo SA       2.625   5/8/2017    EUR    28.777
Turkey Government Bond        8.800  9/27/2023    TRY    74.100
Oi Brasil Holdings Coopera    5.625  6/22/2021    EUR     6.984
OGX Austria GmbH              8.500   6/1/2018    USD     0.366
Johnston Press Bond Plc       8.625   6/1/2019    GBP    68.718
Air Berlin PLC                6.750   5/9/2019    EUR     1.076
Privatbank CJSC Via UK SPV   10.250  1/23/2018    USD    25.000
FIGEAC-AERO                   1.125 10/18/2022    EUR    24.770
Mitsubishi UFJ Investor Se    3.921 12/30/2099    EUR     5.365
Avangardco Investments Pub   10.000 10/29/2018    USD    19.667
EFG International AG          1.262               EUR    56.234
Scandinavian Airlines Syst    0.625               CHF    26.167
Capital Raising GmbH          7.500               EUR    54.268
Scholz Holding Gmbh           8.500 12/31/2019    EUR     2.210
Portugal Telecom Internati    6.250  7/26/2016    EUR     5.000
Yuksel Insaat AS              9.500 11/10/2015    USD    18.932
Lambay Capital Securities     6.250               GBP     0.898
Banco Espirito Santo SA       4.000  1/21/2019    EUR    29.266
DNB Bank ASA                  2.375               USD    71.692
Pierre & Vacances SA          2.000   4/1/2023    EUR    56.634
Afren PLC                     6.625  12/9/2020    USD     0.058
Tonon Luxembourg SA          10.500  5/14/2024    USD     4.000
WPE International Cooperat   10.375  9/30/2020    USD    17.750
Alitalia-Societa Aerea Ita    5.250  7/30/2020    EUR     5.230
Privatbank CJSC Via UK SPV   11.000   2/9/2021    USD    10.840
Fred Olsen Energy ASA         4.030  2/28/2019    NOK    58.845
Orient Express Bank PJSC V   10.000               USD    56.004
Claranova SADIR               5.000   7/1/2023    EUR     1.120
UkrLandFarming PLC           10.875  3/26/2018    USD    20.000
Bilt Paper BV                 9.640               USD    22.348
Frey                          6.000 11/15/2022    EUR #N/A N/A
Intelsat Luxembourg SA       12.500 11/15/2024    USD    95.000
New World Resources NV        8.000   4/7/2020    EUR     1.477
Virgolino de Oliveira Fina   10.500  1/28/2018    USD     5.288
QGOG Constellation SA         9.500  11/9/2024    USD    38.934
Hamon & CIE SA                5.500  1/30/2020    EUR    62.531
Banco Espirito Santo SA       7.125 11/28/2023    EUR     0.222
OSX 3 Leasing BV             13.000  3/20/2015    USD    25.003
Mriya Agro Holding PLC       10.950  3/30/2016    USD     7.340
Cattles Ltd                   7.125   7/5/2017    GBP     0.238
3W Power SA                  10.000  8/29/2019    EUR     2.559
Veneto Banca SpA              9.500  12/1/2025    EUR     0.307
Santhera Pharmaceuticals H    5.000  2/17/2022    CHF    72.345
Credit Lyonnais SACA          0.765               EUR    70.000
Stichting Afwikkeling Onde    6.250 10/26/2020    EUR     4.577
Lloyds Bank PLC               0.755 12/27/2028    USD    63.918
Deutsche Bank AG/London       0.279 10/31/2034    USD    56.366
Waste Italia SpA             10.500 11/15/2019    EUR     2.204
Norske Skog Holding AS        8.000  2/24/2021    EUR     1.173
Hellenic Republic Governme    2.085  7/25/2057    EUR    39.875
Alno AG                       8.500  5/14/2018    EUR     2.189
Manchester Building Societ    6.750               GBP    15.701
Virgolino de Oliveira Fina   11.750   2/9/2022    USD     5.097
NTRP Via Interpipe Ltd       10.250   8/2/2017    USD    29.512
Dexia Credit Local SA         1.404               EUR     6.611
Pescanova SA                  8.750  2/17/2019    EUR     1.616
SeniVita Sozial gemeinnuet    7.000               EUR    63.500
Credit Suisse AG              2.328  2/27/2030    USD    69.000
Lloyds Bank PLC               0.116 10/25/2033    USD    59.485
Aralco Finance SA            10.125   5/7/2020    USD     2.983
Lehman Brothers UK Capital    6.900               USD     2.744
International Industrial B    9.000   7/6/2011    EUR     0.363
Air Berlin PLC                5.625   5/9/2019    CHF     1.011
German Pellets GmbH           7.250   7/9/2018    EUR     0.940
Sairgroup Finance BV          4.375   6/8/2006    EUR    11.125
Espirito Santo Financial G    3.125  12/2/2018    EUR     0.271
Barclays Bank PLC             0.995  9/13/2028    USD    63.528
Allied Irish Banks PLC       12.500  6/25/2035    GBP    74.509
Andrade Gutierrez Internat    4.000  4/30/2018    USD    69.431
New World Resources NV        4.000  10/7/2020    EUR     0.151
Norske Skogindustrier ASA     7.000 12/30/2026    EUR     1.000
Natwest Markets PLC           0.072 11/16/2030    USD    60.894
Elli Investments Ltd         12.250  6/15/2020    GBP    50.000
Beate Uhse AG                 7.750   7/9/2019    EUR     1.785
Sidetur Finance BV           10.000  4/20/2016    USD     5.251
Credit Suisse AG              3.744  4/29/2031    USD    73.750
BBVA International Preferr    1.665               GBP    55.774
Kaupthing ehf                 7.625  2/28/2015    USD     0.250
QGOG Constellation SA         6.250  11/9/2019    USD    29.023
Barclays Bank PLC             0.875  3/27/2029    USD    59.098
Afren PLC                    10.250   4/8/2019    USD     0.366
Havila Shipping ASA           5.650  11/7/2020    NOK    62.432
Azubu Investments SA          5.000  8/25/2018    EUR    10.000
Stichting Afwikkeling Onde   11.250               EUR     1.073
Lehman Brothers UK Capital    5.125               EUR     7.379
OGX Austria GmbH              8.500   6/1/2018    USD     0.366
Touax SCA-SGTR-CITE-SGT-CM    6.000  7/10/2020    EUR    17.788
Offshore Drilling Holding     8.375  9/20/2020    USD    51.565
KTG Agrar SE                  7.125   6/6/2017    EUR     3.823
Cirio Holding Luxembourg S    6.250  2/16/2004    EUR     0.975
Inside Secure SA              6.000  6/29/2022    EUR     3.781
Hybrid Raising GmbH           6.625               EUR    54.096
Praktiker AG                  5.875  2/10/2016    EUR     1.085
Kommunekredit                 0.500  7/30/2027    TRY    28.198
Pescanova SA                  5.125  4/20/2017    EUR     1.276
Rem Offshore ASA              5.000  12/8/2024    NOK    49.990
OGX Austria GmbH              8.375   4/1/2022    USD     0.421
O1 Group Finance              9.750  4/22/2027    RUB     2.550
Breeze Finance SA             6.708  4/19/2027    EUR    29.050
Depfa Funding IV LP           1.547               EUR    57.167
Depfa Funding III LP          1.064               EUR    56.472
Espirito Santo Financial G    9.750 12/19/2025    EUR     0.542
LBI HF                        6.100  8/25/2011    USD     5.000
Eniro AB                      6.000  4/14/2020    SEK     5.184
GEWA 5 to 1 GmbH & Co KG      6.500  3/24/2018    EUR    23.050
Bank Nadra Via NDR Finance    8.250  7/31/2018    USD     0.884
Privatbank CJSC Via UK SPV   10.875  2/28/2018    USD    24.848
GNB - Cia de Seguros de Vi    3.179               EUR    73.626
Afren PLC                    11.500   2/1/2016    USD     0.082
Lehman Brothers UK Capital    3.875               EUR     8.246
Kaupthing ehf                 5.750  10/4/2011    USD     0.250
Sazka AS                      9.000  7/12/2021    EUR     0.304
German Pellets GmbH           7.250 11/27/2019    EUR     1.101
Vseukrainsky Aktsinerny Ba   10.900  6/14/2019    USD     0.546
Eurobank Ergasias SA          6.410  1/17/2028    EUR    66.790
Home Money LLC               18.000  4/19/2022    RUB    25.700
Havila Shipping ASA           4.940  11/7/2020    NOK    50.592
House of Fraser Funding PL    6.377  9/15/2020    GBP    73.108
Tonon Luxembourg SA           9.250  1/24/2020    USD     4.882
Agrokor dd                    8.875   2/1/2020    USD    24.691
Espirito Santo Financial G    6.875 10/21/2019    EUR     0.094
Norske Skogindustrier ASA     7.125 10/15/2033    USD     4.226
JZ Capital Partners Ltd       6.000  7/30/2021    GBP    10.300
Banco Pastor SAU              2.079               EUR     6.712
Cirio Finance Luxembourg S    7.500  11/3/2002    EUR     4.587
Dexia SA                      1.451               EUR     8.665
Republic of Italy Governme    0.077  7/31/2045    EUR    74.439
Volkswagen Bank Rus OOO       9.950  7/16/2021    RUB    81.780
Vneshprombank Ltd Via VPB     9.000 11/14/2016    USD     0.087
KPNQwest NV                   7.125   6/1/2009    EUR     0.090
Banca Popolare di Vicenza     9.500  9/29/2025    EUR     0.463
Banco Pinto & Sotto Mayor     1.127               EUR    47.560
Portigon AG                   7.460 12/31/2019    EUR    30.300
Del Monte Finance Luxembou    6.625  5/24/2006    EUR     4.777
Northland Resources AB        4.000 10/15/2020    USD     0.138
AgroGeneration                8.000   4/1/2019    EUR    65.000
Bibby Offshore Services PL    7.500  6/15/2021    GBP    14.766
Barclays Bank PLC             0.116  5/30/2034    USD    61.500
INVEST-DEVELOPMENT PJSC      15.000   4/2/2026    RUB    65.000
Petrol AD                     6.000  1/26/2022    EUR    31.653
Tatfondbank OAO Via TFB Fi    8.500 11/12/2019    USD     8.470
SeaBird Exploration Financ    6.000  6/30/2020    USD    20.000
Sequa Petroleum NV            5.000  4/29/2020    USD    69.761
World Wide Supply AS          7.750  5/26/2017    USD    15.259
Russian Railways JSC          7.250   4/4/2033    RUB    61.250
Teksid Aluminum Luxembourg   11.375  7/15/2011    EUR     0.139
Turkey Government Internat    7.100   3/8/2023    TRY    69.659
Societe Generale SA           8.250  5/26/2020    EUR    72.760
CRC Breeze Finance SA         6.110   5/8/2026    EUR    46.101
Pierre & Vacances SA          3.500  10/1/2019    EUR    37.724
Barclays Bank PLC             1.352  9/30/2031    USD    55.483
New Look Senior Issuer PLC    8.000   7/1/2023    GBP    26.125
Deutsche Bank AG/London       3.000  2/23/2035    EUR    75.000
Cirio Finanziaria SpA         8.000 12/21/2005    EUR     0.880
Lehman Brothers Treasury C    6.000  2/15/2035    EUR     6.000
SAG Solarstrom AG             7.500  7/10/2017    EUR    33.625
Banco Espirito Santo SA       6.875  7/15/2016    EUR    27.574
Lehman Brothers UK Capital    5.750               EUR     3.000
Cooperatieve Rabobank UA      0.500 10/30/2043    MXN    11.629
Lloyds Bank PLC               0.496   7/5/2033    USD    55.676
Windreich GmbH                6.500  7/15/2016    EUR    13.125
Air Berlin Finance BV         6.000   3/6/2019    EUR     1.220
Ideal Standard Internation   11.750   5/1/2018    EUR     0.740
Finmek International SA       7.000  12/3/2004    EUR     5.158
Deutsche Bank AG/London       0.164 11/26/2034    USD    54.832
Rena GmbH                     8.250  7/11/2018    EUR     2.000
Alpine Holding GmbH           5.250  6/10/2016    EUR     0.151
Koninklijke Luchtvaart Maa    0.750               CHF    36.500
International Industrial B   11.000  2/19/2013    USD     0.209
Cooperatieve Rabobank UA      0.500  2/26/2029    HUF    60.500
Mobylife Holding A/S          7.250  5/23/2020    SEK     8.263
PNE AG                        3.750 10/10/2019    EUR     3.400
Corporate Commercial Bank     8.250   8/8/2014    USD     1.854
Lehman Brothers Treasury C    7.250  10/5/2035    EUR     6.000
Barclays Bank PLC             0.060 11/29/2030    USD    60.649
OT Logistics SA               6.810  2/23/2020    PLN    65.100
O1 Properties Finance PLC     8.250  9/27/2021    USD    67.281
Manchester Building Societ    8.000               GBP    21.697
Bank Nederlandse Gemeenten    0.500  9/20/2022    MXN    70.077
Oi Brasil Holdings Coopera    5.750  2/10/2022    USD     5.317
Phosphorus Holdco PLC        10.000   4/1/2019    GBP     3.224
UniCredit Bank Austria AG     0.171 12/31/2031    EUR    74.463
Alpine Holding GmbH           6.000  5/22/2017    EUR     0.196
Barclays Bank PLC             0.630  4/30/2029    USD    71.039
Portugal Telecom Internati    5.242  11/6/2017    EUR     5.458
Lloyds Bank PLC               1.540  9/26/2033    USD    61.800
Artea                         6.000   8/4/2019    EUR    14.120
ESFIL-Espirito Santo Finan    5.250  6/12/2015    EUR     0.034
Lehman Brothers Treasury C    6.000  11/2/2035    EUR     6.000
Decipher Production Ltd      12.500  9/27/2018    USD     1.873
A-TEC Industries AG           2.750  5/10/2014    EUR     0.357
Hellas Telecommunications     8.500 10/15/2013    EUR     0.424
Holdikks SAS                  6.750  7/15/2021    EUR    47.333
Bank Nederlandse Gemeenten    0.500  8/15/2022    ZAR    70.887
O1 Properties Finance PLC     7.000  1/29/2021    USD    69.923
Intelsat Luxembourg SA       12.500 11/15/2024    USD    75.000
New Look Secured Issuer PL    6.500   7/1/2022    GBP    50.300
Deutsche Bank AG/London       0.144  9/30/2029    USD    62.136
KPNQwest NV                  10.000  3/15/2012    EUR     0.090
Steilmann SE                  7.000   3/9/2017    EUR     1.588
HSBC France SA                0.635               EUR    61.550
Alpine Holding GmbH           5.250   7/1/2015    EUR     0.191
getgoods.de AG                7.750  10/2/2017    EUR     0.206
Sairgroup Finance BV          6.625  10/6/2010    EUR    11.125
Depfa Funding II LP           6.500               EUR    59.411
Windreich GmbH                6.500   3/1/2015    EUR    13.125
mybet Holding SE              6.250 12/12/2020    EUR    60.000
Alno AG                       8.000  3/21/2019    EUR     4.000
Agroton Public Ltd            6.000  7/14/2019    USD    16.000
PA Resources AB              13.500   3/3/2016    SEK     0.124
Galapagos Holding SA          7.000  6/15/2022    EUR    61.260
Norske Skogindustrier ASA     2.000 12/30/2115    EUR     1.113
Tonon Luxembourg SA          10.500  5/14/2024    USD     3.479
A-TEC Industries AG           5.750  11/2/2010    EUR     0.357
Turkey Government Internat    7.100   3/8/2023    TRY    69.659
SpareBank 1 SR-Bank ASA       1.457 12/21/2030    EUR    73.405
Republic of Italy Governme    0.082  7/31/2045    EUR    72.647
SAG Solarstrom AG             6.250 12/14/2015    EUR    33.625
getBACK SA                    6.100  5/10/2020    PLN    27.100
Afren PLC                    10.250   4/8/2019    USD     0.001
Steilmann SE                  7.000  9/23/2018    EUR     1.586
Pacific Drilling SA           5.375   6/1/2020    USD    34.938
Turkey Government Bond       10.600  2/11/2026    TRY    76.350
Lloyds Bank PLC               1.140  4/26/2027    USD    69.334
DEMIRE Deutsche Mittelstan    6.000 12/30/2018    EUR     4.151
Banco Espirito Santo SA       6.900  6/28/2024    EUR    27.191
Burovoya Kompaniya Eurasia   10.250  6/21/2019    RUB    76.180
Finance and Credit Bank JS    9.250  1/25/2019    USD     0.727
APP International Finance    11.750  10/1/2005    USD     0.189
KPNQwest NV                   8.875   2/1/2008    EUR     0.090
IT Holding Finance SA         9.875 11/15/2012    EUR     0.103
Bank Julius Baer & Co Ltd/   10.000  1/10/2019    EUR    73.100
Societe Generale SA           1.600   1/9/2020    GBP     1.120
Ahtium PLC                    9.750   4/4/2017    EUR     3.288
Virgolino de Oliveira Fina   10.875  1/13/2020    USD    26.032
Stichting Afwikkeling Onde    2.422               EUR     1.073
Region of Molise Italy        0.132 12/15/2033    EUR    57.850
Barclays Bank PLC             1.084 10/10/2029    USD    57.296
HSBC Bank PLC                 0.500  7/11/2023    BRL    60.334
BLT Finance BV               12.000  2/10/2015    USD    10.500
Barclays Bank PLC             1.248  1/31/2029    USD    56.144
Hamburgische Landesbank-Gi    0.052  1/22/2041    EUR    63.679
Svensk Exportkredit AB        0.500  4/24/2029    AUD    64.509
Landesbank Hessen-Thuering    0.061   5/3/2041    EUR    67.328
Waste Italia SpA             10.500 11/15/2019    EUR     2.204
Cooperatieve Rabobank UA      0.500  7/30/2043    MXN    11.600
IKS 5 Finance OOO             8.450   5/7/2032    RUB    81.260
MS Deutschland Beteiligung    6.875 12/18/2017    EUR     3.510
Steilmann SE                  6.750  6/27/2017    EUR     2.214
KTG Agrar SE                  7.250 10/15/2019    EUR     3.823
Norske Skog Holding AS        8.000  2/24/2021    EUR     1.173
Afren PLC                     6.625  12/9/2020    USD     0.001
Banco Santander SA            2.000               USD    65.981
Cirio Del Monte NV            7.750  3/14/2005    EUR     0.973
O1 Properties Finance PLC     6.000  5/18/2021    USD    65.017
EDOB Abwicklungs AG           7.500   4/1/2012    EUR     0.380
Barclays Bank PLC             0.025  3/21/2031    USD    62.850
Aralco Finance SA            10.125   5/7/2020    USD     4.900
Barclays Bank PLC             0.980  4/16/2029    USD    58.518
Region of Abruzzo Italy       0.111  11/7/2036    EUR    60.073
Turkey Government Bond       10.500  8/11/2027    TRY    74.700
Veneto Banca SpA              6.411               EUR     1.196
Otkritie Holding JSC         11.560  7/27/2028    RUB     7.770
Stichting Afwikkeling Onde    6.625  5/14/2018    EUR     4.354
KPNQwest NV                   8.125   6/1/2009    USD     0.090
Golden Gate AG                6.500 10/11/2014    EUR    39.100
Stichting Afwikkeling Onde    8.450  8/20/2018    USD     4.151
Deutsche Bank AG              1.725  1/16/2045    EUR    71.491
Pescanova SA                  6.750   3/5/2015    EUR     1.446
Rostelecom PJSC               8.650  4/14/2027    RUB    80.000
Norske Skog Holding AS        8.000  2/24/2023    USD     2.423
Ahtium PLC                    4.000 12/16/2015    EUR     1.500
Heta Asset Resolution AG      0.139 12/31/2023    EUR    34.625
Svensk Exportkredit AB        0.500  6/29/2029    AUD    64.002
Mriya Agro Holding PLC        9.450  4/19/2018    USD     8.074
OAS Investments GmbH          8.250 10/19/2019    USD     5.557
Svensk Exportkredit AB        0.500  8/29/2029    AUD    63.478
United Aircraft Corp PJSC     8.000  3/17/2020    RUB    61.900
Lehman Brothers Treasury C    7.000  5/17/2035    EUR     6.000
Lehman Brothers Treasury C    5.000  9/22/2014    EUR     6.000
Agrokor dd Via Aquarius +     4.921   8/8/2017    EUR    14.480
Barclays Bank PLC             0.248 10/30/2034    USD    58.207
New Look Secured Issuer PL    4.500   7/1/2022    EUR    49.500
Hamburgische Landesbank-Gi    0.052 10/30/2040    EUR    66.377
Municipality Finance PLC      0.500  6/19/2024    ZAR    58.512
New World Resources NV        8.000   4/7/2020    EUR     1.477
Stroika Finance Ltd Via Em    9.900  6/25/2019    RUB    11.600
Lehman Brothers Treasury C    5.100   5/8/2017    HKD     6.000
Wild Bunch AG                 8.000  3/23/2019    EUR    45.000
Societe Generale SA           8.000   8/9/2022    USD    58.130
SUEK Finance OOO             10.500 10/23/2019    RUB    64.310
Rosbank PJSC                  9.800 12/20/2026    RUB    81.410
Mox Telecom AG                7.250  11/2/2017    EUR     2.849
Finans-Avia OOO               9.000  7/31/2022    RUB    67.970
RENE LEZARD Mode GmbH         7.250 11/25/2017    EUR     1.191
Barclays Bank PLC             0.500  2/28/2034    USD    63.451
International Finance Faci    0.500  6/24/2024    ZAR    57.488
IDGC of Centre PJSC           6.950  3/28/2028    RUB    63.660
Agrokor dd                    9.125   2/1/2020    EUR    24.080
Gebr Sanders GmbH & Co KG     8.750 10/22/2018    EUR    20.216
Svensk Exportkredit AB        0.500  3/15/2022    ZAR    72.325
Landesbank Hessen-Thuering    0.068  4/23/2041    EUR    68.074
Solon SE                      1.375  12/6/2012    EUR     0.100
SiC Processing GmbH           7.125   3/1/2016    EUR     2.740
Petromena ASA                10.850 11/19/2018    USD     0.607
BNP Paribas SA                0.500  9/29/2029    AUD    66.129
Rio Forte Investments SA      4.000  7/22/2014    EUR     6.282
Deutsche Bank AG/London       0.500   4/5/2038    MXN    15.405
Kardan NV                     6.325  7/24/2018    ILS    40.150
Kommunalbanken AS             0.500  5/27/2022    ZAR    72.175
A-TEC Industries AG           8.750 10/27/2014    EUR     0.357
Deutsche Agrar Holding Gmb    7.250  9/28/2018    EUR     1.415
3W Power SA                   5.500 11/11/2020    EUR     1.000
ML 33 Invest AS               7.500               NOK    68.712
Kaupthing ehf                 5.750  10/4/2011    USD     0.250
Banca del Monte di Lucca-S    2.429  6/29/2020    EUR    58.963
Lloyds Bank PLC               0.459  7/26/2033    USD    59.555
Barclays Bank PLC             1.601  3/27/2029    USD    57.500
Virgolino de Oliveira Fina   10.500  1/28/2018    USD     5.288
WPE International Cooperat   10.375  9/30/2020    USD    17.500
Minicentrales Dos SA          6.450  4/14/2028    EUR    65.750
Rosselkhozbank JSC            8.500 10/11/2022    RUB    72.020
Lehman Brothers Treasury C    5.000  2/16/2015    EUR     6.000
BOA Offshore AS               0.398  7/17/2047    NOK    10.000
Agrokor dd                    9.875   5/1/2019    EUR    24.252
Cherkizovo Group PJSC        12.500  10/6/2020    RUB    81.260
Rosneft Oil Co PJSC           8.650  12/3/2020    RUB    62.010
OGX Austria GmbH              8.375   4/1/2022    USD     0.421
German Pellets GmbH           7.250   4/1/2016    EUR     1.018
Mifa Mitteldeutsche Fahrra    7.500  8/12/2018    EUR     2.260
Air Berlin Finance BV         8.500   3/6/2019    EUR     0.946
Gazprom PJSC                  3.400 10/21/2043    RUB    65.020
Kamaz PJSC                   11.240  7/18/2030    RUB    70.000
Delamare Finance PLC          1.952  2/19/2029    GBP    73.471
Bank Nederlandse Gemeenten   10.010  6/17/2025    TRY    73.791
Lehman Brothers Treasury C    1.600  6/21/2010    JPY     2.571
Afren PLC                    11.500   2/1/2016    USD     0.082
Bank Nederlandse Gemeenten    0.500   6/7/2022    ZAR    70.798
Minicentrales Dos SA          4.810 11/29/2034    EUR    65.750
IKS 5 Finance OOO            10.900   3/9/2023    RUB    66.230
SAir Group                    0.125   7/7/2005    CHF    13.150
getBACK SA                    6.100  9/14/2021    PLN     5.500
AKB Peresvet ZAO              0.510  2/14/2032    RUB    22.750
Turkey Government Internat    4.875  4/16/2043    USD    74.960
Rosneft Oil Co PJSC           7.350  1/18/2021    RUB    60.010
Espirito Santo Financial G    5.050 11/15/2025    EUR     0.598
Societe Generale SA           0.146  9/30/2034    USD    60.375
Muehl Product & Service AG    6.750  3/10/2005    DEM     0.051
Otkritie Holding JSC         12.500 12/10/2026    RUB     7.560
Delta Credit Bank JSC        11.000  5/18/2026    RUB    64.110
Home Money LLC               20.000 10/23/2018    RUB    19.000
La Veggia Finance SPA         7.125 11/14/2004    EUR     0.285
RN Bank JSC                  10.400   7/9/2021    RUB    62.120
Johnston Press Bond Plc       8.625   6/1/2019    GBP    69.979
Lehman Brothers Treasury C    8.250  12/3/2015    EUR     6.000
ECM Real Estate Investment    5.000  10/9/2011    EUR    15.375
Promsvyazbank OJSC Via PSB   10.200  11/6/2019    USD    14.442
Rena GmbH                     7.000 12/15/2015    EUR     2.000
Vnesheconombank               8.240 12/15/2022    RUB    63.200
Northland Resources AB        4.000 10/15/2020    NOK     0.138
SUEK Finance OOO             12.500  8/19/2025    RUB    66.010
Lehman Brothers Treasury C    2.400  6/20/2011    JPY     2.571
Bank Otkritie Financial Co   10.000  4/26/2019    USD    18.531
Gazprombank OJSC Via GPB E    8.750  6/29/2024    RUB    51.365
Lehman Brothers Treasury C    8.250  3/16/2035    EUR     6.000
Bank Julius Baer & Co Ltd/   12.100 12/27/2018    EUR    62.600
ADLER Real Estate AG          6.000 12/27/2018    EUR    14.001
Credit Agricole Corporate     2.400  5/17/2048    EUR    49.487
Grupo Isolux Corsan SA        3.000 12/30/2021    USD     1.822
Sberbank of Russia PJSC       0.010  5/16/2021    RUB    69.000
Veneto Banca SpA              6.944  5/15/2025    EUR     0.273
Barclays Bank PLC             0.500  4/24/2023    MXN    64.509
Lenta LLC                     8.700  5/26/2020    RUB   100.520
Neftegazholding AO            0.010  7/21/2020    RUB    65.000
O1 Properties Finance ZAO    13.000  10/2/2020    RUB    85.000
Bulgaria Steel Finance BV    12.000   5/4/2013    EUR     0.169
VEB-Leasing OAO               8.710   9/1/2025    RUB    62.000
Minaya Capital AG             7.000   8/1/2018    EUR    38.400
Lehman Brothers Treasury C   10.000  5/22/2009    USD     2.571
Russian Railways JSC          3.400  4/29/2043    RUB    62.020
Lehman Brothers Treasury C    7.000 11/26/2013    EUR     6.000
Lloyds Bank PLC               0.116  4/25/2034    USD    54.000
Russian Railways JSC          3.500  2/28/2040    RUB    62.020
Fast Finance SA              10.500  1/15/2021    PLN    65.100
Marine Subsea AS              9.000 12/16/2019    USD     0.688
Activa Resources AG           0.500 11/15/2021    EUR    20.500
Svensk Exportkredit AB        0.500  1/31/2022    ZAR    73.384
Severo-Zapadnaya Koncessio    5.180  9/26/2031    RUB    60.110
AKB Peresvet ZAO             13.500 10/16/2020    RUB    20.000
Credit Bank of Moscow Via     8.875               USD    75.400
Barclays Bank PLC             0.220 12/23/2033    USD    63.250
Espirito Santo Financial P    5.125  5/30/2016    EUR     4.181
Federal Grid Co Unified En    3.400  3/23/2050    RUB    63.200
Rosneft Oil Co PJSC           8.350 11/24/2027    RUB    63.010
HSBC Trinkaus & Burkhardt     6.500  6/22/2018    EUR    64.390
Rosneft Oil Co PJSC           9.400 11/28/2024    RUB   100.400
OGK-2 PJSC                    6.950  3/31/2023    RUB    62.020
Turkey Government Bond        9.000  7/24/2024    TRY    73.650
SUEK Finance OOO             12.500  8/19/2025    RUB    66.010
LBI HF                        6.100  8/25/2011    USD     5.000
Municipality Finance PLC      0.500  7/30/2029    AUD    73.313
Societe Generale SA          10.000  7/30/2032    USD    74.420
Rosneft Oil Co PJSC           8.350 11/24/2027    RUB    63.010
Ideal Standard Internation   11.750   5/1/2018    EUR     0.740
Orient Express Bank PJSC     11.700  7/17/2018    RUB    95.000
SG Issuer SA                  0.780  6/15/2020    SEK    48.480
Severo-Zapadnaya Koncessio    5.180  9/26/2031    RUB    65.010
Rossiysky Capital OJSC        7.750  1/20/2020    RUB    71.010
Oi Brasil Holdings Coopera    5.625  6/22/2021    EUR     6.984
Norske Skogindustrier ASA     7.125 10/15/2033    USD     4.226
Espirito Santo Financial G    5.050 11/15/2025    EUR     0.880
Vnesheconombank               9.760 12/17/2021    RUB    65.400
Tonon Luxembourg SA           9.250  1/24/2020    USD     4.882
Vimpel-Communications PJSC    1.000  10/3/2025    RUB    73.010
Deutsche Bank AG/London       0.500  10/5/2021    IDR    72.672
UmweltBank AG                 2.850               EUR    72.642
Norske Skog Holding AS        8.000  2/24/2023    USD     2.423
Cooperatieve Rabobank UA      0.500  1/31/2033    MXN    25.901
Bank Nederlandse Gemeenten    0.500   8/9/2022    MXN    70.610
Societe Generale SA           0.018 12/31/2034    USD    60.375
Otkritie Holding JSC         12.700  9/30/2027    RUB    16.160
Lehman Brothers Treasury C    5.000  2/27/2014    EUR     6.000
Heta Asset Resolution AG      0.219 12/31/2023    EUR    34.625
Veneto Banca SpA              6.950  2/25/2025    EUR     0.228
getBACK SA                    5.700  2/16/2021    PLN    36.000
New World Resources NV        4.000  10/7/2020    EUR     0.151
Mriya Agro Holding PLC       10.950  3/30/2016    USD     7.340
Oberbank Hybrid 1 GmbH        0.872               EUR    43.509
Bibby Offshore Services PL    7.500  6/15/2021    GBP    14.766
Grupo Isolux Corsan SA        0.250 12/30/2018    EUR     0.450
O1 Group Finance              9.750  5/13/2027    RUB     1.110
UkrLandFarming PLC           10.875  3/26/2018    USD    20.185
Lloyds Bank PLC               0.500  7/26/2028    MXN    37.283
Bilt Paper BV                 9.640               USD    22.348
International Bank of Azer    8.250  10/9/2024    USD    64.706
BNP Paribas SA               13.000  8/24/2027    USD    74.500
Rosneft Oil Co PJSC           7.350  1/18/2021    RUB    60.010
Atari SA                      0.100   4/1/2020    EUR     6.050
RESO-Garantia Insurance PJ   11.750  3/24/2023    RUB    75.000
Societe Generale SA           0.459 10/31/2033    USD    69.200
Lehman Brothers Treasury C    6.000  3/14/2011    EUR     6.000
Rosneft Oil Co PJSC           7.850  12/3/2020    RUB    62.010
Russian Railways JSC          3.500  2/28/2040    RUB    62.030
Royalbeach Spielwaren Und     7.375 11/10/2020    EUR     1.100
Norske Skogindustrier ASA     7.000 12/30/2026    EUR     1.000
HSBC Trinkaus & Burkhardt    10.070  6/22/2018    EUR    64.170
Plaza Centers NV              6.000   7/1/2020    ILS    65.000
Lehman Brothers Treasury C    5.000   5/2/2022    EUR     2.571
Gazprombank JSC               7.380  2/19/2021    RUB    70.010
Rosneft Oil Co PJSC          11.900 11/28/2024    RUB   100.400
Rosselkhozbank JSC            8.600 12/13/2024    RUB    64.490
Banco Santander SA            2.000               USD    64.345
Northland Resources AB       15.000  7/15/2019    USD     2.621
Virgolino de Oliveira Fina   10.875  1/13/2020    USD    26.032
Sistema PJSFC                10.900 10/31/2025    RUB    64.430
getBACK SA                    5.700  4/30/2021    PLN    28.000
Bank Julius Baer & Co Ltd/   10.500 11/30/2018    USD    62.650
Lehman Brothers Treasury C    6.000  9/20/2011    EUR     2.571
Russian Post FGUP             9.350 10/18/2019    RUB    73.010
Leonteq Securities AG        16.500 10/16/2018    CHF    47.230
Russian Regional Developme    7.800  7/30/2021    RUB   100.700
Societe Generale SA          10.000  6/30/2032    USD    67.625
Gazprom PJSC                  3.400 10/21/2043    RUB    65.020
Barclays Bank PLC             1.415  9/27/2028    USD    63.500
Solarwatt GmbH                7.000  11/1/2015    EUR    15.500
OOO SPV Structural Investm    0.010   9/1/2023    RUB    72.973
KPNQwest NV                   7.125   6/1/2009    EUR     0.090
Barclays Bank PLC             1.164 11/28/2029    USD    56.980
Lehman Brothers Treasury C    5.000   9/1/2011    EUR     2.571
Lehman Brothers Treasury C    7.600  5/21/2013    USD     2.571
Federal Grid Co Unified En    3.400   9/7/2048    RUB    63.200
ING Bank Eurasia JSC          7.150  3/30/2021    RUB    75.730
Sparebank 1 Ostfold Akersh    2.590  4/25/2028    NOK    73.762
Sberbank of Russia PJSC      12.270   1/2/2026    RUB    62.020
Salvator Grundbesitz-AG       9.500 12/31/2021    EUR     7.800
Rosneft Oil Co PJSC           7.350  1/18/2021    RUB    60.010
Lehman Brothers Treasury C    5.000  3/18/2015    EUR     6.000
Laurel GmbH                   7.125 11/16/2017    EUR     5.250
Svensk Exportkredit AB        0.500  2/22/2022    ZAR    72.688
Bank Nederlandse Gemeenten    0.500  7/12/2022    ZAR    71.317
Otkritie Holding JSC         12.620  4/25/2028    RUB     8.880
HPI AG                        3.500               EUR     1.150
Bayerische Landesbank         2.900  6/22/2018    EUR    46.330
Russian Railways JSC          3.200  9/20/2039    RUB    62.020
Investpro OOO                13.000 12/31/2018    RUB     0.700
Russian Railways JSC          8.650   2/4/2032    RUB    65.070
Lehman Brothers Treasury C    8.000  4/20/2009    EUR     2.571
Banca Popolare di Vicenza     9.500  10/2/2025    EUR     0.463
Lehman Brothers Treasury C    1.000   5/9/2012    EUR     2.571
Kaupthing ehf                 7.625  2/28/2015    USD     0.250
Rosneft Oil Co PJSC           7.350  1/18/2021    RUB    60.010
Deutsche Bank AG/London      13.750  6/20/2026    TRY    66.993
getBACK SA                    6.000  9/16/2018    PLN     5.500
Russian Railways JSC          3.200  8/18/2033    RUB    65.020
SAir Group                    5.500  7/23/2003    CHF    13.092
Astana Finance BV             7.875   6/8/2010    EUR    16.000
Atomenergoprom JSC           11.100 12/12/2025    RUB    71.010
BKS Hybrid alpha GmbH         7.350               EUR    58.157
Societe Generale SA           0.212  3/31/2034    USD    65.137
Autonomous Region of Yamal    7.000 12/25/2024    RUB    80.740
UBS AG/London                 7.000  9/26/2019    EUR    70.740
Rosneft Oil Co PJSC           8.500  7/14/2027    RUB    63.010
getBACK SA                    5.550  9/21/2018    PLN    15.000
DekaBank Deutsche Girozent    0.010  6/29/2046    EUR    55.670
Federal Grid Co Unified En    3.400  6/30/2048    RUB    63.220
Svensk Exportkredit AB        0.500  6/28/2022    ZAR    70.317
Municipality Finance PLC      0.500  4/26/2022    ZAR    71.525
Lenta LLC                    12.400  8/28/2025    RUB    81.260
Bank ZENIT PJSC               8.000  3/27/2025    RUB    80.430
Centrosolar Group AG          7.000  2/15/2016    EUR     0.805
Cooperatieve Rabobank UA      0.500 10/29/2027    MXN    44.115
Sidetur Finance BV           10.000  4/20/2016    USD     5.251
DOM RF Russia Housing and     7.600 12/13/2027    RUB   100.400
Elli Investments Ltd         12.250  6/15/2020    GBP    50.000
UniCredit Bank AO            12.000 11/20/2019    RUB    60.220
State Transport Leasing Co    9.000 11/24/2031    RUB    79.920
Credit Europe Bank Ltd       10.000  9/14/2018    RUB   103.000
German Pellets GmbH           8.000               EUR     0.010
Rosneft Oil Co PJSC           7.350  1/18/2021    RUB    60.010
Siberian Gostinecs PAO       16.500  6/26/2019    RUB    33.010
Federal Grid Co Unified En    0.100 10/16/2020    RUB    70.070
DOM RF Russia Housing and     6.750  3/24/2028    RUB    63.300
Svensk Exportkredit AB        0.500  8/28/2020    TRY    68.143
Avangard-Agro OOO             9.250 11/16/2027    RUB    67.050
Grupo Isolux Corsan SA        0.250 12/30/2021    USD     0.191
Phosphorus Holdco PLC        10.000   4/1/2019    GBP     3.224
Rio Forte Investments SA      4.750 11/10/2015    EUR     6.250
International Finance Faci    0.500  6/29/2027    ZAR    40.679
UBS AG/London                 8.500   1/6/2020    EUR    68.750
Araratbank OJSC               7.250  6/27/2018    USD    25.443
Lehman Brothers Treasury C    4.600 10/11/2017    ILS     6.000
AKB Peresvet ZAO             13.250  4/25/2018    RUB    22.750
Cerruti Finance SA            6.500  7/26/2004    EUR     1.130
Virgolino de Oliveira Fina   11.750   2/9/2022    USD     5.097
Rusfinans Bank OOO            9.900  7/18/2018    RUB    70.000
RusHydro PJSC                 0.100   2/2/2023    RUB    60.810
Baltic Leasing OOO            9.800  6/19/2020    RUB    62.370
LBI HF                        7.431               USD     0.001
Rosneft Oil Co PJSC           7.350  1/18/2021    RUB    60.010
Plaza Centers NV              6.900   7/1/2020    ILS    70.500
VTB Bank PJSC                 9.000  9/18/2046    RUB    62.010
getBACK SA                    5.780  3/17/2019    PLN    20.000
Federal Grid Co Unified En    3.400 10/30/2048    RUB    63.220
Lehman Brothers Treasury C   11.000 12/19/2011    USD     2.571
Lehman Brothers Treasury C    5.500  4/23/2014    EUR     2.571
Volga Capital PAO            12.000  6/27/2022    RUB    61.020
Leonteq Securities AG/Guer   10.650   9/6/2018    EUR    74.570
VEB-Leasing OAO               8.710  2/18/2025    RUB    97.010
Russian Railways JSC          3.400   6/8/2028    RUB    90.010
Otkritie Holding JSC         11.500  5/26/2032    RUB    30.580
Societe Generale SA           0.909  6/30/2035    USD    60.375
HSBC Bank PLC                 0.500 12/29/2026    AUD    71.954
Lehman Brothers Treasury C    6.000  2/14/2012    EUR     2.571
UBS AG/London                11.250   7/1/2019    EUR    69.050
Rosneft Oil Co PJSC           7.350  1/18/2021    RUB    60.010
getBACK SA                    5.770 11/27/2019    PLN    12.500
Kardan NV                     6.775   2/2/2020    ILS    55.890
Russian Railways JSC          3.500 10/15/2040    RUB    62.050
Otkritie Holding JSC         11.500  7/22/2030    RUB    12.125
Russian Railways JSC          9.700  5/22/2046    RUB    62.030
KB MIA AO                     8.250   3/7/2025    RUB   100.330
Lehman Brothers Treasury C   10.000  6/11/2038    JPY     2.571
Bank Nederlandse Gemeenten    0.500  9/20/2022    ZAR    70.224
Cooperatieve Rabobank UA      0.500 12/29/2027    MXN    42.016
Avangard-Agro OOO             9.500  9/23/2027    RUB    63.160
Credit Agricole Corporate     0.500   3/6/2023    RUB    72.278
Landesbank Baden-Wuerttemb    5.400 10/26/2018    EUR    55.840
Societe Generale SA           1.424  3/17/2032    USD    63.600
Federal Grid Co Unified En    3.400  3/23/2050    RUB    63.200
UniCredit Bank AG             4.300 10/17/2018    EUR    35.710
Russian Railways JSC          3.400 11/29/2028    RUB    65.020
Krakowski Bank Spoldzielcz    5.080  9/20/2023    PLN    57.010
Metalloinvest Holding Co O   11.900  2/12/2026    RUB    72.010
Heta Asset Resolution AG      0.432 12/31/2023    EUR    34.625
HSBC Bank PLC                 0.500 12/22/2025    BRL    44.663
Zurcher Kantonalbank Finan    8.212  8/23/2018    EUR    55.360
DekaBank Deutsche Girozent    6.230   8/1/2018    EUR    68.330
SPORTTOTAL AG                 6.000  3/17/2019    EUR     4.000
Rosneft Oil Co PJSC           9.400 11/28/2024    RUB   100.400
Cooperatieve Rabobank UA      0.500  8/21/2028    MXN    39.500
Freight One JSC              12.000 10/15/2025    RUB   106.850
Municipality Finance PLC      0.500   5/8/2029    AUD    68.975
Commerzbank AG                7.000  6/22/2018    EUR    58.660
Russian Railways JSC          6.400  5/30/2040    RUB    62.030
Sberbank of Russia PJSC       0.010  6/27/2021    RUB    62.470
Lehman Brothers Treasury C    4.000  7/20/2012    EUR     2.571
Metalloinvest Holding Co O    0.010   3/7/2022    RUB    65.000
Barclays Bank PLC             0.644 12/27/2028    USD    64.530
Bank Intesa AO                9.750 10/10/2019    RUB    67.010
Vimpel-Communications PJSC    1.000  10/3/2025    RUB    62.010
Lehman Brothers Treasury C    5.250   4/1/2023    EUR     2.571
Lehman Brothers Treasury C   11.000  6/29/2009    EUR     2.571
Kaupthing ehf                 5.000   1/4/2027    SKK     0.250
Turkey Government Bond        8.500  9/14/2022    TRY    75.200
Banco Espirito Santo SA      10.000  12/6/2021    EUR     0.213
Lehman Brothers Treasury C    2.875  3/14/2013    CHF     6.000
Lehman Brothers Treasury C   14.900  9/15/2008    EUR     2.571
Miratorg-Finans OOO          11.000  8/24/2021    RUB   100.000
Vnesheconombank              11.600  2/17/2025    RUB   100.000
Natwest Markets PLC           6.200   9/7/2018    GBP     1.010
Federal Grid Co Unified En    0.100 10/16/2020    RUB    63.030
Otkritie Holding JSC         12.140  10/3/2036    RUB    12.125
Otkritie Holding JSC         11.500   8/5/2025    RUB     8.600
Barclays Bank PLC             0.980  7/22/2024    USD    75.000
Cooperatieve Rabobank UA      0.500 11/30/2027    MXN    42.663
Rio Forte Investments SA      3.900  7/10/2014    USD     6.250
Lehman Brothers Treasury C    5.220   3/1/2024    EUR     2.571
4FINANS MFK OOO              15.000  3/24/2023    RUB    62.310
PSN Pm OOO                   12.000  8/31/2027    RUB     1.800
United Engine Corp JSC        8.800  4/17/2023    RUB    75.010
GPB Aerofinans OOO            9.670  3/15/2030    RUB    80.110
Lehman Brothers Treasury C    6.300 12/21/2018    USD     2.571
Societe Generale SA           0.500  5/30/2023    MXN    65.006
Lehman Brothers Treasury C    8.250   2/3/2016    EUR     2.571
Reso-Leasing OOO              9.250  9/21/2023    RUB    63.010
Heta Asset Resolution AG      4.350 12/31/2023    EUR    34.625
Astana Finance BV             9.000 11/16/2011    USD    16.000
Svensk Exportkredit AB        0.500  3/28/2029    AUD    73.207
Lehman Brothers Treasury C    5.550  3/12/2015    EUR     2.571
Raiffeisen Switzerland BV    10.000  2/11/2019    CHF    69.340
Leonteq Securities AG/Guer   11.000 12/12/2018    CHF    62.920
Deutsche Bank AG              5.200 12/27/2018    EUR    70.000
Leonteq Securities AG/Guer   10.000   9/5/2018    EUR    74.750
VTB Bank PJSC                 9.000  12/6/2044    RUB    62.010
Federal Grid Co Unified En    3.400  4/27/2048    RUB    65.000
Podkarpacki Bank Spoldziel    5.780 10/24/2024    PLN    50.000
Federal Grid Co Unified En    3.400  6/30/2048    RUB    63.220
Leonteq Securities AG         3.000  9/19/2019    CHF    61.720
KPNQwest NV                   8.875   2/1/2008    EUR     0.090
RusHydro PJSC                 9.500  4/12/2021    RUB    65.210
Reso-Leasing OOO              8.900  10/3/2025    RUB    65.010
Escher Marwick PLC            3.500 10/14/2031    USD    57.882
Northland Resources AB       12.250  3/26/2016    USD     2.621
Delta Credit Bank JSC         5.000 10/30/2025    RUB    71.000
Russian Railways JSC         11.200 10/16/2025    RUB    67.010
Natwest Markets PLC           0.296  8/18/2031    USD    60.246
Privatbank CJSC Via UK SPV   10.875  2/28/2018    USD    24.848
Kaupthing ehf                 9.000               USD     0.122
Svensk Exportkredit AB        0.500  6/20/2029    AUD    72.785
Lehman Brothers Treasury C    1.280  11/6/2010    JPY     6.000
Bayerische Landesbank         5.000  8/17/2018    EUR    71.970
getBACK SA                    5.900 12/30/2020    PLN    35.000
Credit Suisse AG/Nassau      10.000 10/29/2018    CHF    62.680
Russian Railways JSC          3.400  5/20/2044    RUB    90.010
Podkarpacki Bank Spoldziel    5.780  3/31/2025    PLN    40.000
SAir Group                    5.125   3/1/2003    CHF    13.000
Main Road JSC                 4.000 10/30/2029    RUB    60.860
Volga Sport ZAO               6.400  2/29/2024    RUB    65.000
Lehman Brothers Treasury C    7.600  1/31/2013    AUD     2.571
UniCredit Bank AO             9.000   8/6/2019    RUB    91.010
IT Holding Finance SA         9.875 11/15/2012    EUR     0.103
Western High-Speed Diamete   10.440  5/13/2031    RUB   101.000
Lehman Brothers Treasury C    0.500   8/1/2020    EUR     2.571
EDOB Abwicklungs AG           7.500   4/1/2012    EUR     0.380
Finconsult OOO                8.000   2/1/2028    RUB    63.000
Anglian Water Services Fin    0.929  1/26/2057    GBP    74.948
Lehman Brothers Treasury C    6.000  3/18/2015    USD     6.000
Transneft PJSC                8.750  4/14/2027    RUB    60.320
Credit Suisse AG/London       9.000  3/19/2021    USD     9.650
Societe Generale SA           8.000  5/28/2027    USD    49.600
Driver & Bengsch AG           8.500 12/31/2027    EUR     0.001
Finans-Avia OOO               0.010  7/31/2027    RUB    16.020
VTB Bank PJSC                 3.000  12/6/2044    RUB    62.010
Federal Grid Co Unified En    3.400  4/27/2048    RUB    63.250
Podkarpacki Bank Spoldziel    5.080  5/28/2023    PLN    45.100
VEB-Leasing OAO               8.650  1/16/2024    RUB    65.010
Russian Railways JSC          2.400 10/11/2038    RUB    62.020
Societe Generale SA           0.284 11/26/2034    USD    60.375
Windreich GmbH                6.750   3/1/2015    EUR    13.125
Region Invest OOO             9.530  1/12/2021    RUB     0.280
Reso-Leasing OOO             12.600  10/2/2026    RUB    85.000
Petromena ASA                 9.750  5/24/2016    NOK     0.607
Rusfinans Bank OOO            9.950  8/22/2019    RUB    63.990
Turkey Government Bond        8.000  3/12/2025    TRY    65.700
Norske Skogindustrier ASA     2.000 12/30/2115    EUR     1.113
HSBC Bank PLC                 0.500 11/25/2025    BRL    45.047
LBI HF                        5.080   3/1/2013    ISK     8.375
AKB Metallinvestbank PAO      8.500  5/21/2020    RUB    80.430
Lehman Brothers Treasury C    8.000  3/19/2012    USD     2.571
getBACK SA                    6.000  10/2/2018    PLN    50.000
Vontobel Financial Product   10.000  7/10/2018    EUR    63.420
National Developing Co PAO   12.000  7/19/2018    RUB     1.500
Federal Grid Co Unified En    3.400 10/30/2048    RUB    63.220
getBACK SA                    5.840  2/28/2019    PLN    15.000
Salvator Grundbesitz-AG       9.500               EUR    18.500
Russian Railways JSC          3.200  9/19/2033    RUB    62.020
Bayerische Landesbank         2.400  7/20/2018    EUR    47.300
Lehman Brothers Treasury C    3.500 12/20/2027    USD     2.571
Heta Asset Resolution AG      5.920 12/31/2023    EUR    34.625
Communaute Francaise de Be    0.500  6/27/2046    EUR    67.346
IDGC of Centre PJSC          11.580 11/11/2025    RUB    70.020
Rusfinans Bank OOO            8.050  6/30/2020    RUB    61.930
LBI HF                        2.250  2/14/2011    CHF     8.375
Societe Generale SA           1.139  1/31/2034    USD    60.375
Region Invest OOO            10.360  7/19/2022    RUB     0.170
Barclays Bank PLC             1.044  5/14/2029    USD    57.500
Bashneft PJSC                12.000   5/9/2025    RUB    62.040
Lehman Brothers Treasury C    8.000 10/17/2014    EUR     2.571
Zurcher Kantonalbank Finan    8.400  9/28/2018    CHF    63.150
Credit Suisse AG/London       9.100  6/23/2020    USD     9.996
UBS AG/London                 5.500  9/13/2018    CHF    55.100
Two Capitals Highway OOO     13.250  6/19/2030    RUB    64.630
SG Issuer SA                  6.800   1/6/2020    USD    70.510
getBACK SA                    5.750  9/18/2019    PLN    15.000
Russian Railways JSC          3.400  5/29/2035    RUB    62.020
Norddeutsche Landesbank Gi    3.000 10/30/2018    EUR    35.570
City of Predeal Romania       3.500  5/15/2026    RON    60.000
Bayerische Landesbank         3.000 12/21/2018    EUR    72.840
Leonteq Securities AG         8.200 10/17/2018    USD    48.150
Gold-Zack AG                  7.000 12/14/2005    EUR    12.700
Nutritek International Cor    8.750 12/11/2008    USD     2.000
SAir Group                    4.250   2/2/2007    CHF    13.125
Lehman Brothers Treasury C   11.000 12/20/2017    AUD     2.571
PIK Group PJSC                7.750  3/24/2028    RUB    62.010
Lehman Brothers Treasury C   10.000 10/23/2008    USD     2.571
BELLAGIO Holding GmbH         1.914               EUR    50.320
Lehman Brothers Treasury C    6.650  8/24/2011    AUD     6.000
SAir Group                    2.125  11/4/2004    CHF    13.125
Hellas Telecommunications     8.500 10/15/2013    EUR     1.048
Lehman Brothers Treasury C    4.000  2/28/2010    EUR     2.571
Malahit AO                   15.000  7/14/2025    RUB     0.010
Avangard Bank PJSC            7.250  2/20/2026    RUB    62.030
Credit Suisse AG              0.500 12/16/2025    BRL    47.277
Whale Finance LLC             8.750  3/13/2019    RUB    54.010
Lehman Brothers Treasury C   15.000  3/30/2011    EUR     2.571
TransFin-M PAO               10.500  9/17/2019    RUB    63.000
Lehman Brothers Treasury C    0.500   7/2/2020    EUR     2.571
Credit Suisse AG/London       9.000 10/30/2020    USD     9.842
Credit Suisse AG/Nassau       9.500  8/17/2018    CHF    55.100
Leonteq Securities AG        16.000   4/9/2019    CHF    57.850
IDGC of the South PJSC        9.240   7/1/2022    RUB    65.010
Finca Uco Cjsc                7.500  2/22/2019    USD    25.844
VTB Bank PJSC                 9.000  9/15/2044    RUB    62.010
UniCredit Bank AG             5.400 11/29/2019    USD    48.270
Leonteq Securities AG         7.000 10/23/2018    CHF    66.450
Podkarpacki Bank Spoldziel    4.980  10/6/2021    PLN    50.000
VTB Bank PJSC                 3.000 11/26/2043    RUB    65.000
UniCredit Bank AG            15.000  6/22/2018    EUR    69.140
Credit Suisse AG/London       8.000 11/29/2019    USD     7.550
Stroytemp CJSC                9.000 11/13/2019    RUB     1.000
Promnefteservis OOO          10.500 11/21/2019    RUB     1.550
Landesbank Baden-Wuerttemb    3.850  6/22/2018    EUR    72.780
Region Kapital OOO            9.250  7/10/2018    RUB    65.000
Lehman Brothers Treasury C    6.000 10/30/2012    EUR     2.571
Russian Railways JSC         10.300   4/3/2026    RUB    65.020
AKB Peresvet ZAO              0.510  6/23/2021    RUB    20.010
RGS Nedvizhimost OOO         12.500  1/19/2021    RUB     0.335
Transports publics fribour    0.471  7/29/2051    CHF    73.063
Rossiysky Capital OJSC       13.000 11/22/2019    RUB    61.310
MIK OAO                      15.000  2/19/2020    RUB     1.250
Turkey Government Bond       11.000  2/24/2027    TRY    76.650
RGS Nedvizhimost OOO         12.500  7/22/2021    RUB     0.335
Upravlenie Otkhodami ZAO     10.500  10/9/2030    RUB   100.000
Lehman Brothers Treasury C    2.500 12/15/2011    GBP     2.571
Archer Finance OOO            9.250  3/29/2022    RUB    60.100
Heta Asset Resolution AG      5.270 12/31/2023    EUR    34.625
Commerzbank AG                4.500 12/29/2022    USD #N/A N/A
Baltic Leasing OOO            9.800  6/19/2020    RUB    62.150
Province of Brescia Italy     0.032  6/30/2036    EUR    61.820
Kommunalbanken AS             4.800  12/1/2022    TRY    60.869
LBI HF                        7.431               USD     0.001
Hypo Vorarlberg Bank AG       5.870               EUR    40.688
Societe Generale SA          15.720  1/27/2020    USD    54.419
Credit Suisse AG/Nassau      11.050  2/11/2019    CHF    68.700
UBS AG/London                 8.250   7/4/2019    EUR    69.950
Commerzbank AG               10.250  8/24/2018    EUR    72.630
UBS AG/London                 8.000  7/26/2018    CHF    59.150
Vontobel Financial Product    9.500  9/28/2018    EUR    54.890
getBACK SA                    6.200  9/16/2019    PLN    70.000
Beluga Group PJSC            12.900  4/29/2020    RUB    67.260
Rosselkhozbank JSC            8.850  7/15/2025    RUB    62.540
Credit Suisse AG/London       7.550  11/9/2018    USD    69.100
Rosselkhozbank JSC           12.870 12/22/2021    RUB    68.120
VTB Bank PJSC                 3.000   9/1/2044    RUB    65.000
VTB Bank PJSC                 3.000  9/18/2046    RUB    65.000
Raiffeisen Centrobank AG      5.656  3/19/2019    EUR    66.590
Municipality Finance PLC      0.500  5/31/2022    ZAR    70.790
Lehman Brothers Treasury C    6.250 11/30/2012    EUR     2.571
Heta Asset Resolution AG      5.730 12/31/2023    EUR    34.625
AKB Peresvet ZAO             12.750  7/24/2018    RUB    21.010
VEB-Leasing OAO               7.270   4/2/2021    RUB    97.550
Lehman Brothers Treasury C   11.000 12/20/2017    AUD     2.571
RusHydro PJSC                 0.100   2/2/2023    RUB    70.000
Bulgaria Steel Finance BV    12.000   5/4/2013    EUR     0.169
Lehman Brothers Treasury C    7.250  6/20/2010    USD     2.571
Lehman Brothers Treasury C    3.025  1/31/2015    EUR     2.571
Kreditanstalt fuer Wiedera    0.250  10/6/2036    CAD    42.663
Kommunalbanken AS             5.000   9/8/2022    TRY    66.063
Baltic Leasing OOO           12.950  2/12/2021    RUB    65.730
Societe Generale SA           1.664  8/29/2034    USD    60.375
Rosbank PJSC                  7.850  12/2/2022    RUB    61.700
Center-Invest Commercial B   10.500  7/20/2018    RUB    63.000
Societe Generale SA           0.500   4/4/2024    MXN    60.107
Kaupthing ehf                 6.125  10/4/2016    USD     0.250
AKB Peresvet ZAO              0.510   8/4/2034    RUB    22.110
Lehman Brothers Treasury C    5.000  5/12/2011    CHF     2.571
Municipality Finance PLC      4.300 10/31/2022    TRY    73.282
Center-Invest Commercial B    8.400  8/17/2018    RUB    61.010
Vnesheconombank               8.350 11/24/2020    RUB    66.220
Lehman Brothers Treasury C    8.000  2/16/2016    EUR     2.571
getBACK SA                    6.000 12/14/2018    PLN    15.000
getBACK SA                    5.970 12/19/2018    PLN    15.000
EFG International Finance    10.400 11/15/2018    EUR    69.130
Leonteq Securities AG/Guer   15.200 11/28/2018    USD    72.180
Leonteq Securities AG        10.000  7/27/2018    EUR    64.320
Federal Grid Co Unified En    9.350 10/17/2051    RUB    65.000
UBS AG/London                 8.000  7/19/2018    EUR    72.400
Rosneft Oil Co PJSC           7.350  1/18/2021    RUB    60.010
EFG International Finance     6.210  7/22/2019    EUR    48.740
getBACK SA                    5.600  6/24/2019    PLN    10.000
Credit Suisse AG              7.000 11/30/2018    USD    10.010
EFG International Finance     9.600 10/15/2019    EUR    15.850
Kontsessii Vodosnabzheniya   10.250  3/17/2031    RUB    65.000
Bayerische Landesbank         2.700   7/6/2018    EUR    42.150
Podkarpacki Bank Spoldziel    5.810   7/2/2020    PLN    50.000
Agrokompleks OOO              0.100  7/29/2019    RUB     2.550
Lehman Brothers Treasury C    6.000   3/4/2015    USD     2.571
Lehman Brothers Treasury C    7.000  2/15/2010    CHF     2.571
Lehman Brothers Treasury C   13.000  2/16/2009    CHF     2.571
PSN Pm OOO                   13.000  9/10/2026    RUB    24.000
Lehman Brothers Holdings P    3.030  3/24/2009    JPY     2.756
Barclays Bank PLC             0.500  3/13/2023    RUB    72.026
HSBC Bank PLC                 0.500   6/9/2023    MXN    64.861
Lehman Brothers Treasury C    4.050  9/16/2008    EUR     2.571
Northland Resources AB       15.000  7/15/2019    USD     2.621
Region Invest OOO             7.350   5/4/2021    RUB     0.180
Barclays Bank PLC             0.500  1/28/2033    MXN    25.572
TransFin-M PAO               10.500  4/11/2019    RUB    65.000
Lehman Brothers Treasury C   10.442 11/22/2008    CHF     2.571
Otkritie Holding JSC         10.000  4/20/2028    RUB     7.300
SAir Group                    2.750  7/30/2004    CHF    13.125
Credit Suisse AG/Nassau       8.000  8/24/2018    CHF    63.850
HSBC Trinkaus & Burkhardt    12.000  6/22/2018    EUR    64.810
UBS AG/London                 5.500  11/1/2018    USD    60.500
Deutsche Bank AG/London       7.000 10/15/2018    USD     9.270
UBS AG/London                 6.250  11/5/2018    CHF    70.900
Landesbank Baden-Wuerttemb    6.500  8/24/2018    EUR    67.770
Credit Suisse AG/London      10.500   4/9/2021    USD    10.320
HSBC Trinkaus & Burkhardt     7.000  6/22/2018    EUR    72.560
EFG International Finance    12.200   8/2/2018    EUR    62.720
Araratbank OJSC               6.500 10/29/2019    USD    25.721
Samolet Group                12.000  5/17/2022    RUB    62.950
Commerzbank AG               30.000  6/30/2020    USD     0.580
Leonteq Securities AG         8.400   9/6/2018    USD    43.060
getBACK SA                    5.710 10/22/2019    PLN    15.000
Bank Julius Baer & Co Ltd/    8.350  9/24/2018    USD    55.050
National Developing Co PAO   16.000  4/15/2021    RUB     1.000
Penell GmbH Elektrogrossha    7.750  6/10/2019    EUR     3.550
TGC-1 PJSC                    4.000  2/14/2022    RUB   100.000
UniCredit Bank AG             4.000  6/26/2018    EUR    32.420
UniCredit Bank AG             4.400  9/19/2018    EUR    35.850
Agrokompleks OOO              0.100  12/8/2022    RUB     2.950
Praim Finans OOO              9.340  7/13/2021    RUB     5.000
Volga Sport ZAO               5.150   4/4/2022    RUB    60.220
Noyabrskaya Pge OOO           8.500 11/10/2020    RUB    60.000
Deutsche Bank AG              4.200 12/24/2018    EUR    73.180
Societe Generale SA           0.795 12/28/2029    USD    69.100
EFG International Finance     5.300  6/24/2019    EUR    49.330
RGS Nedvizhimost OOO         12.000 10/18/2017    RUB     0.335
KPNQwest NV                   8.875   2/1/2008    EUR     0.090
Lehman Brothers Treasury C    6.000 10/30/2012    USD     2.571
Bashneft PJSC                12.000  5/19/2025    RUB    62.050
Lehman Brothers Treasury C   13.500 11/28/2008    USD     2.571
Region Invest OOO            10.500  9/12/2019    RUB     0.240
National Capital JSC          9.250  4/22/2019    RUB   100.000
Pioneer Group CJSC            0.010   6/3/2021    RUB    70.010
Metalloinvest Holding Co O    0.010  3/10/2022    RUB    53.510
Metalloinvest Holding Co O    0.010   3/7/2022    RUB    63.000
Upravlenie Otkhodami ZAO      4.000  4/29/2027    RUB    68.250
KPNQwest NV                   7.125   6/1/2009    EUR     0.090
Municipality Finance PLC      0.250  6/28/2040    CAD    33.255
National Capital JSC          9.500  7/25/2018    RUB   100.000
Banca Adriatica Spa           7.200  6/30/2018    EUR     1.237
KIT Finance Capital OOO      12.000 12/21/2020    RUB    99.800
HSBC Bank PLC                 0.500  6/23/2027    MXN    43.929
RESO-Garantia Insurance PJ    0.020  9/13/2022    RUB    65.010
Oberbank AG                   7.400               EUR    68.738
SAir Group                    6.250  4/12/2005    CHF    13.125
Lehman Brothers Treasury C    3.860  9/21/2011    SGD     6.000
Bashneft PJSC                10.900  4/29/2026    RUB    93.010
RGS Nedvizhimost OOO         12.500  2/25/2021    RUB     0.335
Credito Padano Banca di Cr    3.100               EUR    36.477
Investpro OOO                12.750   9/6/2018    RUB     1.100
Horus Finance ZAO            13.000   3/6/2019    RUB    65.000
BNP Paribas SA                0.500 11/16/2032    MXN    25.287
Credit Suisse AG/London       0.500   1/8/2026    BRL    46.093
Heta Asset Resolution AG      7.500 12/31/2023    ATS    34.625
Bashneft PJSC                10.500  5/12/2026    RUB    62.020
Bashneft PJSC                12.100   6/3/2025    RUB    98.000
Heta Asset Resolution AG      4.875 12/31/2023    EUR    34.625
Espirito Santo Financial P    5.625  7/28/2017    EUR     3.947
Kaupthing ehf                 9.750  9/10/2015    USD     0.250
Lehman Brothers Treasury C   10.000   1/3/2012    BRL     2.571
ECM Real Estate Investment    5.000  10/9/2011    EUR    15.375
Bashneft PJSC                10.700  5/13/2024    RUB    98.010
Region Invest OOO             7.350  4/15/2021    RUB     0.400
Lehman Brothers Treasury C   23.300  9/16/2008    USD     2.571
Lehman Brothers Treasury C   11.000   7/4/2011    CHF     2.571
Region Invest OOO             7.350  4/19/2021    RUB     0.140
SG Issuer SA                  0.100  6/11/2029    NZD    61.918
Digital Invest OOO            7.350   4/8/2021    RUB     0.140
Region Invest OOO             7.350  4/20/2021    RUB     0.400
Lehman Brothers Treasury C    8.000  5/22/2009    USD     2.571
RGS Nedvizhimost OOO         12.000  6/21/2021    RUB     0.335
TransFin-M PAO               10.500 11/11/2024    RUB    63.000
EFG International Finance    11.800 10/18/2018    EUR    71.290
HSBC Trinkaus & Burkhardt     9.900  6/22/2018    EUR    74.960
getBACK SA                    5.730  9/22/2018    PLN    20.000
Kontsessii Vodosnabzheniya   11.250 11/30/2030    RUB    65.000
VTB Bank PJSC                 3.000  8/14/2043    RUB    65.000
EFG International Finance    11.000  7/19/2018    EUR    62.820
VTB Bank PJSC                 3.000  9/15/2044    RUB    65.000
Bayerische Landesbank         2.600 11/16/2018    EUR    53.200
Bayerische Landesbank         3.000  10/5/2018    EUR    50.480
Kontsessii Vodosnabzheniya   10.250   6/7/2031    RUB    63.000
Expobank LLC                 12.500  7/12/2019    RUB    80.000
EFG International Finance     7.190   5/6/2019    EUR     5.990
Bayerische Landesbank         3.200  7/27/2018    EUR    43.310
Kontsessii Vodosnabzheniya   11.000  8/10/2031    RUB    62.180
HSBC Bank PLC                 0.500  4/27/2027    NZD    73.502
HSBC Bank PLC                 0.500  4/11/2023    MXN    65.800
Lehman Brothers Treasury C    3.000  9/12/2036    JPY     6.000
Otkritie Holding JSC         11.500  7/23/2029    RUB    12.125
Otkritie Holding JSC         11.500  7/23/2029    RUB    12.125
Lehman Brothers Treasury C    0.500 12/20/2017    AUD     2.571
Lehman Brothers Treasury C    3.600  3/19/2018    JPY     2.571
Windreich GmbH                6.250   3/1/2015    EUR    13.125
Lehman Brothers Treasury C    8.600  7/31/2013    GBP     2.571
Lehman Brothers Treasury C    4.500 12/30/2010    USD     2.571
HSBC Bank PLC                 0.500  2/24/2027    NZD    74.057
Lehman Brothers Treasury C    9.000  5/15/2022    USD     2.571
Otkritie Holding JSC         11.500  7/20/2028    RUB     9.500
AKB Peresvet ZAO             13.000  10/7/2017    RUB    22.750
Lehman Brothers Treasury C    8.000 10/23/2008    USD     2.571
AKB Peresvet ZAO              3.589   9/2/2020    RUB    18.030
Kaupthing ehf                 7.000  7/24/2009    ISK     0.250
UniCredit Bank AG            12.400   1/3/2020    EUR    73.220
Vontobel Financial Product   13.000  6/28/2019    EUR    69.240
BNP Paribas Emissions- und   13.000  3/21/2019    EUR    68.570
UniCredit Bank AG            14.500  6/28/2019    EUR    69.360
UniCredit Bank AG            10.400   1/3/2020    EUR    72.180
Raiffeisen Schweiz Genosse   10.500 10/16/2018    CHF    61.970
Zurcher Kantonalbank Finan    5.000  8/12/2019    CHF    54.180
HSBC Trinkaus & Burkhardt     2.500  6/22/2018    EUR    59.240
Vontobel Financial Product    8.000   1/2/2019    EUR    73.930
DZ Bank AG Deutsche Zentra    6.000  6/22/2018    EUR    71.420
Vontobel Financial Product    8.250  7/27/2018    EUR    60.930
Goldman Sachs & Co Wertpap   16.000  6/26/2019    EUR    70.510
UBS AG/London                 8.000  4/29/2021    USD     9.780
getBACK SA                    5.800  10/1/2019    PLN    15.000
getBACK SA                    5.900  1/29/2019    PLN    12.500
Leonteq Securities AG/Guer    6.400   6/4/2020    CHF    60.790
Podkarpacki Bank Spoldziel    5.810  2/23/2025    PLN    50.000
Rosselkhozbank JSC            8.850  7/11/2025    RUB    62.030
BNP Paribas Emissions- und    3.000 10/12/2018    EUR    44.430
Rosselkhozbank JSC            8.850  7/14/2025    RUB    62.020
Landesbank Baden-Wuerttemb    3.050  6/22/2018    EUR    46.220
Landesbank Baden-Wuerttemb    8.000  9/28/2018    EUR    70.550
DZ Bank AG Deutsche Zentra    5.500  9/28/2018    EUR    73.060
DZ Bank AG Deutsche Zentra    9.250  6/22/2018    EUR    74.630
Otkritie Holding JSC          8.750  12/8/2027    RUB    16.010
getBACK SA                    5.700  2/28/2019    PLN    20.000
UniCredit Bank AG             4.400  7/13/2018    EUR    36.880
Leonteq Securities AG/Guer   13.000  3/15/2019    EUR    69.130
Landesbank Baden-Wuerttemb    7.000  6/28/2019    EUR    67.240
Region Kapital OOO            9.250  7/10/2018    RUB   100.000
Heta Asset Resolution AG      5.030 12/31/2023    EUR    34.625
Lehman Brothers Treasury C    2.000  6/21/2011    EUR     2.571
Eiendomskreditt AS            5.370               NOK    67.239
Digital Invest OOO            9.080   3/8/2021    RUB     0.140
Lehman Brothers Treasury C    4.050  9/16/2008    EUR     2.571
Lehman Brothers Treasury C   13.500   6/2/2009    USD     2.571
DZ Bank AG Deutsche Zentra    6.400  6/22/2018    EUR    67.970
HSBC Trinkaus & Burkhardt     4.000  7/27/2018    EUR    73.360
Landesbank Baden-Wuerttemb    5.000  1/24/2020    EUR    73.110
HSBC Trinkaus & Burkhardt     5.500  6/22/2018    EUR    53.160
Commerzbank AG               13.750  7/27/2018    EUR    71.500
Commerzbank AG               11.000  8/24/2018    EUR    73.800
DZ Bank AG Deutsche Zentra    5.000  9/24/2018    EUR    66.660
Vontobel Financial Product    6.500   1/2/2019    EUR    70.530
Vontobel Financial Product   10.500  6/22/2018    EUR    69.180
HSBC Trinkaus & Burkhardt     2.600  6/22/2018    EUR    73.970
Raiffeisen Schweiz Genosse    6.000  11/5/2018    CHF    55.990
Deutsche Bank AG              4.200 12/27/2018    EUR    60.700
Deutsche Bank AG              4.200  9/25/2018    EUR    56.900
Deutsche Bank AG              4.200 12/27/2018    EUR    57.900
Leonteq Securities AG/Guer   11.000   4/8/2019    EUR    68.540
Landesbank Baden-Wuerttemb    3.500  6/22/2018    EUR    74.050
Landesbank Baden-Wuerttemb    2.500  6/22/2018    EUR    71.200
Landesbank Baden-Wuerttemb    4.000  6/22/2018    EUR    67.270
Landesbank Baden-Wuerttemb    4.000  6/22/2018    EUR    68.690
Landesbank Baden-Wuerttemb    5.500  6/22/2018    EUR    64.140
BNP Paribas Emissions- und   10.000 12/31/2018    EUR    68.240
DZ Bank AG Deutsche Zentra   10.500  6/22/2018    EUR    55.120
Commerzbank AG               17.500   1/2/2019    EUR    61.830
Commerzbank AG                6.250 11/23/2018    EUR    68.490
UBS AG/London                 9.400  3/28/2019    EUR    62.960
UBS AG/London                10.400  9/27/2018    EUR    62.090
UBS AG/London                10.600   1/3/2019    EUR    71.600
UBS AG/London                 8.700   1/3/2019    EUR    73.060
Deutsche Bank AG              2.700  9/25/2018    EUR    74.000
UBS AG/London                13.200   1/3/2019    EUR    59.870
UBS AG/London                 7.600  9/27/2018    EUR    65.260
UBS AG/London                 5.900  3/28/2019    EUR    67.630
UBS AG/London                 7.000  6/27/2019    EUR    69.280
UBS AG/London                12.200   1/3/2019    EUR    67.920
Vontobel Financial Product   11.000  6/22/2018    EUR    57.910
Commerzbank AG                9.500 11/23/2018    EUR    64.840
Vontobel Financial Product    6.000  9/28/2018    EUR    67.050
Vontobel Financial Product    7.500  9/28/2018    EUR    64.020
Vontobel Financial Product    8.550  9/28/2018    EUR    71.570
UniCredit Bank AG            13.900  6/22/2018    EUR    55.000
UniCredit Bank AG            11.500  6/22/2018    EUR    72.520
UniCredit Bank AG            12.500  6/22/2018    EUR    48.750
UniCredit Bank AG             7.600  6/22/2018    EUR    57.130
UniCredit Bank AG            14.100  6/22/2018    EUR    73.990
UBS AG/London                19.300  6/28/2018    EUR    61.570
Commerzbank AG               10.500  7/27/2018    EUR    70.600
HSBC Trinkaus & Burkhardt     8.800  9/28/2018    EUR    42.180
HSBC Trinkaus & Burkhardt     6.700  9/28/2018    EUR    46.550
UBS AG/London                18.000  6/28/2018    EUR    74.040
UBS AG/London                 6.100  9/27/2018    EUR    69.380
HSBC Trinkaus & Burkhardt     7.600  6/22/2018    EUR    61.100
HSBC Trinkaus & Burkhardt     8.000  9/28/2018    EUR    61.250
HSBC Trinkaus & Burkhardt     3.600  9/28/2018    EUR    70.510
HSBC Trinkaus & Burkhardt     9.200  6/22/2018    EUR    43.890
HSBC Trinkaus & Burkhardt     6.700  6/22/2018    EUR    49.750
UBS AG/London                 8.250   8/3/2018    CHF    57.000
Leonteq Securities AG         7.200   5/2/2019    CHF    51.260
Deutsche Bank AG              4.200  9/25/2018    EUR    59.700
Deutsche Bank AG              5.500  9/25/2018    EUR    62.500
Deutsche Bank AG              5.500 12/27/2018    EUR    64.800
Deutsche Bank AG              5.500 12/27/2018    EUR    62.900
DZ Bank AG Deutsche Zentra    6.500  6/22/2018    EUR    71.900
Deutsche Bank AG              6.200  7/25/2018    EUR    65.900
Deutsche Bank AG              6.200 10/24/2018    EUR    65.200
DekaBank Deutsche Girozent    6.700  1/31/2019    EUR    64.250
DZ Bank AG Deutsche Zentra    6.500  6/22/2018    EUR    67.580
UBS AG/London                11.900   1/3/2019    EUR    71.510
HSBC Trinkaus & Burkhardt     5.000  7/27/2018    EUR    70.400
Raiffeisen Switzerland BV     5.000  8/14/2020    EUR    59.690
Deutsche Bank AG              2.700  9/25/2018    EUR    59.900
Deutsche Bank AG              2.700 12/27/2018    EUR    64.400
UBS AG/London                 9.700   1/3/2019    EUR    73.360
Deutsche Bank AG             10.000  9/25/2018    EUR    55.200
UBS AG/London                15.200  9/27/2018    EUR    65.520
UBS AG/London                12.500  9/27/2018    EUR    69.470
Deutsche Bank AG             10.000  9/25/2018    EUR    64.300
UniCredit Bank AG            10.900  6/22/2018    EUR    60.000
UniCredit Bank AG            11.800  6/22/2018    EUR    58.230
UniCredit Bank AG             7.200  6/22/2018    EUR    65.100
UniCredit Bank AG            12.900  6/22/2018    EUR    56.570
UniCredit Bank AG             6.700  6/22/2018    EUR    70.810
DZ Bank AG Deutsche Zentra    4.500  9/28/2018    EUR    73.150
UniCredit Bank AG             7.500  6/22/2018    EUR    49.650
UniCredit Bank AG            10.700  6/22/2018    EUR    73.390
HSBC Trinkaus & Burkhardt     8.800  9/28/2018    EUR    61.620
HSBC Trinkaus & Burkhardt    12.100  6/22/2018    EUR    39.440
DekaBank Deutsche Girozent    4.050  5/17/2019    EUR    65.700
Vontobel Financial Product    6.750   1/2/2019    EUR    58.990
Leonteq Securities AG        14.000   8/2/2018    USD    39.830
Deutsche Bank AG              4.200  9/25/2018    EUR    59.700
Vontobel Financial Product   13.450 12/14/2018    EUR    63.140
Vontobel Financial Product    5.200 12/14/2018    EUR    67.490
Leonteq Securities AG/Guer   11.000  4/12/2019    EUR    64.500
DZ Bank AG Deutsche Zentra    4.750  9/24/2018    EUR    53.940
DZ Bank AG Deutsche Zentra    5.500 12/24/2018    EUR    58.310
DZ Bank AG Deutsche Zentra    5.250  3/18/2019    EUR    59.340
DZ Bank AG Deutsche Zentra    5.500  9/24/2018    EUR    70.020
DZ Bank AG Deutsche Zentra    6.500 12/24/2018    EUR    70.240
DZ Bank AG Deutsche Zentra    5.500 12/24/2018    EUR    72.650
DZ Bank AG Deutsche Zentra    6.250  3/18/2019    EUR    71.540
HSBC Trinkaus & Burkhardt     4.600  6/22/2018    EUR    72.150
HSBC Trinkaus & Burkhardt     4.100  8/24/2018    EUR    73.580
HSBC Trinkaus & Burkhardt    10.300  9/28/2018    EUR    41.460
HSBC Trinkaus & Burkhardt     7.500  9/28/2018    EUR    45.570
HSBC Trinkaus & Burkhardt     7.300  9/28/2018    EUR    73.580
Commerzbank AG               13.000  8/24/2018    EUR    72.240
Commerzbank AG               13.250  9/28/2018    EUR    71.430
Vontobel Financial Product    7.500  6/22/2018    EUR    57.990
Vontobel Financial Product   10.500  6/22/2018    EUR    57.840
Vontobel Financial Product   12.550  6/22/2018    EUR    65.780
Vontobel Financial Product    8.500   1/2/2019    EUR    63.480
Vontobel Financial Product    2.500  9/28/2018    EUR    50.200
Vontobel Financial Product   10.500  9/28/2018    EUR    39.240
Vontobel Financial Product   12.500  9/28/2018    EUR    37.920
HSBC Trinkaus & Burkhardt     7.600  6/22/2018    EUR    62.650
Commerzbank AG               11.500 10/26/2018    EUR    73.710
Commerzbank AG               16.000  7/27/2018    EUR    60.280
Vontobel Financial Product    9.500  8/24/2018    EUR    65.160
Vontobel Financial Product    7.000  8/24/2018    EUR    65.620
Commerzbank AG               15.250  8/24/2018    EUR    61.760
DZ Bank AG Deutsche Zentra    4.000   8/2/2018    EUR    66.540
Deutsche Bank AG              5.500  9/25/2018    EUR    66.700
Vontobel Financial Product    6.000  6/22/2018    EUR    51.790
Deutsche Bank AG              5.500  9/25/2018    EUR    60.600
Deutsche Bank AG              5.500 12/27/2018    EUR    71.200
Deutsche Bank AG              5.500 12/27/2018    EUR    67.900
Deutsche Bank AG              5.500 12/27/2018    EUR    66.800
DZ Bank AG Deutsche Zentra    8.000  6/22/2018    EUR    54.970
DZ Bank AG Deutsche Zentra    8.250  6/22/2018    EUR    71.920
Vontobel Financial Product   11.500  9/28/2018    EUR    74.070
Deutsche Bank AG              6.200  8/22/2018    EUR    68.100
Commerzbank AG               12.500 11/23/2018    EUR    66.830
Deutsche Bank AG              5.500  9/25/2018    EUR    68.400
Deutsche Bank AG              6.200  7/25/2018    EUR    67.700
Deutsche Bank AG              6.200  8/22/2018    EUR    68.600
Deutsche Bank AG              6.200  8/22/2018    EUR    64.100
Deutsche Bank AG              6.200  8/22/2018    EUR    60.200
Deutsche Bank AG              6.200 10/24/2018    EUR    67.300
UBS AG/London                 8.600  6/22/2018    EUR    57.170
UBS AG/London                10.700   1/3/2019    EUR    61.590
Deutsche Bank AG              2.700  9/25/2018    EUR    63.800
DZ Bank AG Deutsche Zentra    5.000  1/25/2019    EUR    65.350
Vontobel Financial Product   10.500  6/22/2018    EUR    54.290
HSBC Trinkaus & Burkhardt     8.470  1/25/2019    EUR    72.170
Vontobel Financial Product   13.000  6/22/2018    EUR    51.670
Vontobel Financial Product    5.000  9/28/2018    EUR    68.880
Vontobel Financial Product    7.550  9/28/2018    EUR    61.050
Vontobel Financial Product   10.550  9/28/2018    EUR    55.300
Vontobel Financial Product   14.000  9/28/2018    EUR    50.930
Vontobel Financial Product    5.000   1/2/2019    EUR    69.970
Vontobel Financial Product    8.500   1/2/2019    EUR    60.010
Vontobel Financial Product   12.550   1/2/2019    EUR    53.750
Commerzbank AG               14.750  8/24/2018    EUR    71.260
Deutsche Bank AG              6.200  7/25/2018    EUR    74.000
Deutsche Bank AG              6.200  7/25/2018    EUR    68.200
Deutsche Bank AG              6.200  7/25/2018    EUR    61.600
Deutsche Bank AG              6.200  7/25/2018    EUR    59.700
UniCredit Bank AG            11.900  6/22/2018    EUR    74.230
UniCredit Bank AG             9.100  6/28/2019    EUR    73.300
UniCredit Bank AG            13.300  6/28/2019    EUR    68.540
BNP Paribas Emissions- und   15.000  9/27/2018    EUR    72.160
BNP Paribas Emissions- und   12.000 12/31/2018    EUR    73.270
UniCredit Bank AG            10.500  9/28/2018    EUR    67.140
BNP Paribas Emissions- und    9.500  6/27/2019    EUR    71.600
Deutsche Bank AG              5.200 12/27/2018    EUR    72.400
Deutsche Bank AG              6.200  9/25/2018    EUR    69.200
UniCredit Bank AG            14.700   1/3/2020    EUR    69.380
Deutsche Bank AG              6.200  9/25/2018    EUR    73.300
UniCredit Bank AG            14.700   1/4/2019    EUR    41.000
UniCredit Bank AG            14.900   1/4/2019    EUR    64.830
UniCredit Bank AG            14.500   1/4/2019    EUR     9.590
BNP Paribas Emissions- und   19.000  9/27/2018    EUR    62.440
BNP Paribas Emissions- und    6.000  6/27/2019    EUR    66.850
BNP Paribas Emissions- und    8.500  6/27/2019    EUR    64.800
BNP Paribas Emissions- und   19.000 12/31/2018    EUR    62.710
BNP Paribas Emissions- und   16.000  6/27/2019    EUR    68.870
UniCredit Bank AG             9.300  3/22/2019    EUR    71.990
BNP Paribas Emissions- und   11.000  9/27/2018    EUR    60.800
Commerzbank AG               11.250   1/2/2019    EUR    71.890
Vontobel Financial Product    7.100 12/14/2018    EUR    73.130
Vontobel Financial Product   12.650 12/14/2018    EUR    71.510
Commerzbank AG               10.750  7/27/2018    EUR    70.660
Raiffeisen Centrobank AG     10.237  3/19/2019    EUR    69.080
BNP Paribas Emissions- und    9.000  9/27/2018    EUR    66.220
BNP Paribas Emissions- und   11.000 12/31/2018    EUR    64.660
Bank Julius Baer & Co Ltd/    8.000  11/2/2018    USD    62.300
Vontobel Financial Product    8.500  9/28/2018    EUR    66.580
BNP Paribas Emissions- und    9.000  3/21/2019    EUR    72.100
BNP Paribas Emissions- und    8.000  6/27/2019    EUR    72.290
UniCredit Bank AG             9.400  3/22/2019    EUR    72.470
BNP Paribas Emissions- und    9.000  3/21/2019    EUR    70.200
UniCredit Bank AG            13.600  3/22/2019    EUR    69.170
Commerzbank AG               12.250   1/2/2019    EUR    70.520
BNP Paribas Emissions- und    6.500 12/31/2018    EUR    72.660
BNP Paribas Emissions- und    9.000 12/31/2018    EUR    68.420
Zurcher Kantonalbank Finan    6.600   4/3/2019    CHF    63.060
UBS AG/London                11.750  11/1/2018    USD    62.700
Leonteq Securities AG/Guer   10.400  2/13/2019    CHF    70.700
Vontobel Financial Product   13.400  9/14/2018    EUR    69.900
Vontobel Financial Product   15.750  9/14/2018    EUR    64.510
Vontobel Financial Product    5.050  9/14/2018    EUR    66.840
Vontobel Financial Product    6.400  9/14/2018    EUR    66.180
Vontobel Financial Product    7.800  9/14/2018    EUR    67.520
Vontobel Financial Product   10.800  9/14/2018    EUR    67.130
DZ Bank AG Deutsche Zentra   15.000  6/22/2018    EUR    73.720
DZ Bank AG Deutsche Zentra    6.750  6/22/2018    EUR    72.640
Commerzbank AG                7.500  8/24/2018    EUR    73.920
Vontobel Financial Product   10.050  9/14/2018    EUR    73.420
Commerzbank AG                5.500  8/24/2018    EUR    70.760
UBS AG/London                12.800  9/27/2018    EUR    72.160
Commerzbank AG               10.500  8/24/2018    EUR    74.030
UBS AG/London                17.100  9/27/2018    EUR    74.040
BNP Paribas Emissions- und   16.000  9/27/2018    EUR    61.700
BNP Paribas Emissions- und   12.000 10/25/2018    EUR    66.350
Vontobel Financial Product    7.550  1/25/2019    EUR    67.700
Vontobel Financial Product    9.250  9/14/2018    EUR    63.100
Commerzbank AG               22.000 11/23/2018    EUR    65.000
Commerzbank AG                8.500  8/24/2018    EUR    72.520
DZ Bank AG Deutsche Zentra   11.000  2/20/2019    EUR    62.730
BNP Paribas Emissions- und   16.000 12/31/2018    EUR    63.180
Commerzbank AG               11.750  8/24/2018    EUR    38.710
Commerzbank AG               10.000  9/28/2018    EUR    71.600
Commerzbank AG                4.500 12/29/2022    USD #N/A N/A
Vontobel Financial Product    8.550   1/2/2019    EUR    65.250
Raiffeisen Centrobank AG     12.706 12/28/2018    EUR    63.160
Raiffeisen Centrobank AG      6.026 12/27/2019    EUR    70.940
Bank Julius Baer & Co Ltd/    8.000 11/14/2018    EUR    66.800
Vontobel Financial Product   14.000   1/2/2019    EUR    73.160
Credit Suisse AG/Nassau       7.500  7/29/2019    CHF    49.770
UniCredit Bank AG            10.600  6/22/2018    EUR    75.000
UniCredit Bank AG            13.900  9/28/2018    EUR    71.580
UniCredit Bank AG            13.700  6/28/2019    EUR    72.370
UniCredit Bank AG            13.600  9/28/2018    EUR    68.970
DZ Bank AG Deutsche Zentra    7.750  9/26/2018    EUR #N/A N/A
UniCredit Bank AG            14.300   1/4/2019    EUR    71.680
HSBC Trinkaus & Burkhardt     1.000 12/28/2018    EUR    68.830
BNP Paribas Emissions- und    6.000 12/31/2018    EUR    65.600
Commerzbank AG               13.000  9/28/2018    EUR    68.260
Commerzbank AG               10.250   1/2/2019    EUR    73.310
Vontobel Financial Product   12.250 12/14/2018    EUR    66.690
Commerzbank AG                9.750  7/27/2018    EUR    72.640
Commerzbank AG               12.750  7/27/2018    EUR    67.170
Commerzbank AG               23.250 10/26/2018    EUR    63.620
Commerzbank AG               20.000 11/23/2018    EUR    66.700
Commerzbank AG                9.500  8/24/2018    EUR    71.120
BNP Paribas Emissions- und   12.000 12/31/2018    EUR    68.080
BNP Paribas Emissions- und   13.000  6/27/2019    EUR    65.860
Commerzbank AG                6.500  8/24/2018    EUR    69.040
Commerzbank AG               12.500  8/24/2018    EUR    70.310
UBS AG/London                20.200  9/27/2018    EUR    71.020
Commerzbank AG                9.750  8/24/2018    EUR    40.940
BNP Paribas Emissions- und   20.000  9/27/2018    EUR    70.980
Landesbank Baden-Wuerttemb    5.000 11/23/2018    EUR    60.450
Commerzbank AG               10.500  6/22/2018    EUR    71.090
Commerzbank AG                9.500  8/24/2018    EUR    70.680
Vontobel Financial Product   10.050  6/22/2018    EUR    63.550
Vontobel Financial Product    8.000  9/28/2018    EUR    71.200
Vontobel Financial Product   13.500   1/2/2019    EUR    67.970
DZ Bank AG Deutsche Zentra    7.750  9/24/2018    EUR    71.850
HSBC Trinkaus & Burkhardt     9.000 12/28/2018    EUR    72.090
Commerzbank AG               21.750  9/28/2018    EUR    64.050
Vontobel Financial Product    9.800   3/8/2019    EUR    65.880
Vontobel Financial Product    7.000  6/28/2019    EUR    72.080
Vontobel Financial Product    7.000  6/28/2019    EUR    72.080
Raiffeisen Centrobank AG     12.395  6/25/2019    EUR    71.520
EFG International Finance     7.660  10/5/2018    USD    53.270
BNP Paribas Emissions- und   19.000 12/31/2018    EUR    69.980
Vontobel Financial Product    8.000 11/23/2018    EUR    64.630
Vontobel Financial Product   11.550  9/28/2018    EUR    68.830
Vontobel Financial Product    8.500   1/2/2019    EUR    72.470
Vontobel Financial Product   17.000   1/2/2019    EUR    65.760
Vontobel Financial Product    8.550  6/28/2019    EUR    72.820
Vontobel Financial Product   10.550  6/28/2019    EUR    70.560
Commerzbank AG                9.500  1/25/2019    EUR    69.970
HSBC Trinkaus & Burkhardt     7.600 10/26/2018    EUR    72.720
HSBC Trinkaus & Burkhardt     7.800 11/23/2018    EUR    73.300
HSBC Trinkaus & Burkhardt     3.500 10/26/2018    EUR    66.920
HSBC Trinkaus & Burkhardt    11.300  9/28/2018    EUR    72.510
HSBC Trinkaus & Burkhardt     5.400  9/28/2018    EUR    66.360
HSBC Trinkaus & Burkhardt     7.500  3/22/2019    EUR    65.540
Vontobel Financial Product   10.700  9/14/2018    EUR    65.810
Vontobel Financial Product   13.200  9/14/2018    EUR    64.110
Vontobel Financial Product   12.950 12/14/2018    EUR    65.000
Vontobel Financial Product   10.500  9/21/2018    EUR    63.560
Vontobel Financial Product   13.000   1/2/2019    EUR    65.800
Vontobel Financial Product   13.000  6/28/2019    EUR    67.880
Commerzbank AG                8.000  11/6/2020    USD     3.160
DZ Bank AG Deutsche Zentra    9.250  9/26/2018    EUR #N/A N/A
Bank Julius Baer & Co Ltd/    9.500  8/23/2018    USD    62.400
Commerzbank AG               15.000  7/27/2018    EUR    65.670
Commerzbank AG               14.000  8/24/2018    EUR    66.890
Raiffeisen Centrobank AG     11.943  3/19/2019    EUR    69.340
BNP Paribas Emissions- und    7.500  9/27/2018    EUR    71.600
Credit Suisse AG/London       8.000  10/9/2018    USD    53.450
Commerzbank AG                5.000  7/27/2018    EUR    45.820
BNP Paribas Emissions- und   19.000 10/25/2018    EUR    61.520
Vontobel Financial Product   11.650  9/14/2018    EUR    63.620
BNP Paribas Emissions- und   16.000 10/25/2018    EUR    62.740
Commerzbank AG               11.750  7/27/2018    EUR    68.850
Leonteq Securities AG/Guer   12.000  4/30/2019    EUR    72.270
Vontobel Financial Product    9.000 10/30/2018    EUR    70.540
Commerzbank AG               12.000  9/28/2018    EUR    71.880
BNP Paribas Emissions- und   13.000  6/27/2019    EUR    67.760
BNP Paribas Emissions- und    6.000 12/31/2018    EUR    73.030
Commerzbank AG               11.500  8/24/2018    EUR    72.000
Commerzbank AG                3.750  8/24/2018    EUR    58.520
BNP Paribas Emissions- und   19.000  9/27/2018    EUR    60.220
Commerzbank AG                9.000  7/27/2018    EUR    69.880
DZ Bank AG Deutsche Zentra    6.500 11/21/2018    EUR    72.220
Commerzbank AG                4.500 12/30/2024    USD #N/A N/A
Raiffeisen Centrobank AG     10.166  6/25/2019    EUR    71.510
Vontobel Financial Product   11.550  9/28/2018    EUR    74.610
DZ Bank AG Deutsche Zentra    8.500   1/2/2019    EUR    69.330
Commerzbank AG                7.500  8/24/2018    EUR    67.800
UBS AG/London                16.600  9/27/2018    EUR    63.800
Commerzbank AG               12.000  6/22/2018    EUR    73.190
Commerzbank AG                5.750  8/24/2018    EUR    48.920
BNP Paribas Emissions- und   12.000  9/27/2018    EUR    65.680
Vontobel Financial Product   12.350 12/14/2018    EUR    68.750
Vontobel Financial Product    9.800 12/14/2018    EUR    71.980
BNP Paribas Emissions- und   18.000 10/25/2018    EUR    71.790
Commerzbank AG               10.000  9/28/2018    EUR    40.110
Raiffeisen Centrobank AG      8.008  6/25/2019    EUR    71.970
Leonteq Securities AG/Guer   13.400   1/3/2019    EUR    64.120
Raiffeisen Centrobank AG     10.588 12/28/2018    EUR    69.680
Raiffeisen Centrobank AG      6.850 12/27/2019    EUR    73.080
Vontobel Financial Product    9.550  9/28/2018    EUR    70.910
Vontobel Financial Product    8.500   1/2/2019    EUR    63.320
Vontobel Financial Product    8.500  9/28/2018    EUR    72.260
UniCredit Bank AG            13.000   1/4/2019    EUR    61.850
UBS AG/London                 8.750  8/16/2018    CHF    64.000
DZ Bank AG Deutsche Zentra    6.000  9/28/2018    EUR    61.400
DZ Bank AG Deutsche Zentra    5.200  3/28/2019    EUR    61.600
DZ Bank AG Deutsche Zentra    5.000 12/28/2018    EUR    69.810
Raiffeisen Schweiz Genosse    5.400   8/2/2019    CHF    71.450
DZ Bank AG Deutsche Zentra    5.000  3/28/2019    EUR    61.810
DZ Bank AG Deutsche Zentra    7.250 12/24/2018    EUR    64.310
DZ Bank AG Deutsche Zentra    5.000  3/18/2019    EUR    67.720
DZ Bank AG Deutsche Zentra    8.250   1/2/2019    EUR    72.790
DZ Bank AG Deutsche Zentra    8.600 12/24/2018    EUR    69.730
DZ Bank AG Deutsche Zentra    7.600  3/18/2019    EUR    70.850
Commerzbank AG               25.250  8/24/2018    EUR    58.440
Commerzbank AG               14.500  9/28/2018    EUR    73.510
Commerzbank AG               17.250  7/27/2018    EUR    63.290
Commerzbank AG               16.250  8/24/2018    EUR    64.310
Commerzbank AG               12.500 10/26/2018    EUR    68.630
Commerzbank AG               14.500 10/26/2018    EUR    66.640
DZ Bank AG Deutsche Zentra    5.000  8/24/2018    EUR    67.290
Leonteq Securities AG/Guer   12.800  1/10/2019    CHF    62.150
UniCredit Bank AG            12.500  9/28/2018    EUR    67.260
UniCredit Bank AG            13.800  9/28/2018    EUR    65.050
BNP Paribas Emissions- und    8.500  9/27/2018    EUR    70.690
BNP Paribas Emissions- und   13.000  9/27/2018    EUR    66.810
BNP Paribas Emissions- und   11.000 12/31/2018    EUR    68.980
UniCredit Bank AG            14.200  9/28/2018    EUR    63.970
UniCredit Bank AG            14.200  6/28/2019    EUR    73.130
UniCredit Bank AG            13.600  9/28/2018    EUR    70.160
Deutsche Bank AG              6.200 12/27/2018    EUR    70.500
UniCredit Bank AG            11.400  3/22/2019    EUR    67.240
Deutsche Bank AG              6.200  9/25/2018    EUR    71.700
BNP Paribas Emissions- und   10.000 12/31/2018    EUR    72.570
BNP Paribas Emissions- und    9.000  3/21/2019    EUR    73.920
UniCredit Bank AG            13.400   1/3/2020    EUR    71.870
Deutsche Bank AG              5.200  9/25/2018    EUR    73.000
Credit Suisse AG/London       8.250  8/29/2018    USD    54.060
BNP Paribas Emissions- und   13.000  9/27/2018    EUR    61.910
Deutsche Bank AG              6.200  2/20/2019    EUR    71.300
Commerzbank AG               10.500 10/26/2018    EUR    70.400
Commerzbank AG               11.500 10/26/2018    EUR    69.060
Commerzbank AG                5.250 10/26/2018    EUR    47.490
Commerzbank AG                7.250 10/26/2018    EUR    43.090
Commerzbank AG                9.250 10/26/2018    EUR    40.570
DZ Bank AG Deutsche Zentra   12.250  7/25/2018    EUR #N/A N/A
Commerzbank AG                8.750   1/2/2019    EUR    71.130
Deutsche Bank AG              6.200  2/20/2019    EUR    73.700
Deutsche Bank AG              6.200  2/20/2019    EUR    67.000
Commerzbank AG               19.750   1/2/2019    EUR    64.670
DZ Bank AG Deutsche Zentra    5.000  8/24/2018    EUR    67.160
UniCredit Bank AG            14.800  6/28/2019    EUR    69.770
UniCredit Bank AG            13.900  9/28/2018    EUR    67.280
Landesbank Hessen-Thuering    6.500  2/16/2023    EUR    73.530
UniCredit Bank AG             7.600  9/28/2018    EUR    69.670
BNP Paribas Emissions- und    7.500  3/21/2019    EUR    74.430
UniCredit Bank AG            14.900  9/28/2018    EUR    73.600
UniCredit Bank AG            11.800  9/28/2018    EUR    74.090
UniCredit Bank AG            13.800  6/28/2019    EUR    72.650
BNP Paribas Emissions- und   13.000  3/21/2019    EUR    73.650
UniCredit Bank AG            12.200  6/28/2019    EUR    67.530
Deutsche Bank AG              6.200 12/27/2018    EUR    72.900
Deutsche Bank AG              6.200 12/27/2018    EUR    68.300
Deutsche Bank AG              5.200 12/27/2018    EUR    67.800
Deutsche Bank AG              6.200  9/25/2018    EUR    66.900
UniCredit Bank AG            14.900  9/28/2018    EUR    59.310
UniCredit Bank AG             8.800  9/28/2018    EUR    68.940
UniCredit Bank AG            11.400  9/28/2018    EUR    70.490
UniCredit Bank AG            12.000   1/4/2019    EUR    43.030
UniCredit Bank AG             4.000   1/4/2019    EUR    59.440
UniCredit Bank AG            11.500   1/4/2019    EUR    67.250
DZ Bank AG Deutsche Zentra    7.200  3/28/2019    EUR    72.840
Commerzbank AG               10.500 10/26/2018    EUR    69.720
DZ Bank AG Deutsche Zentra    8.000  9/24/2018    EUR    63.160
Vontobel Financial Product   15.000  9/28/2018    EUR    69.770
DZ Bank AG Deutsche Zentra    5.000 12/24/2018    EUR    66.580
Commerzbank AG               22.250  9/28/2018    EUR    58.900
Commerzbank AG               21.000 10/26/2018    EUR    60.100
Commerzbank AG               17.750  7/27/2018    EUR    71.480
DZ Bank AG Deutsche Zentra    6.300  3/18/2019    EUR    73.980
Vontobel Financial Product    9.750  7/27/2018    EUR    62.070
DZ Bank AG Deutsche Zentra    9.200  9/24/2018    EUR    67.830
DZ Bank AG Deutsche Zentra    4.750  9/24/2018    EUR    61.890
DZ Bank AG Deutsche Zentra    6.500  3/18/2019    EUR    68.350
Vontobel Financial Product   13.500  6/22/2018    EUR    73.530
DZ Bank AG Deutsche Zentra    7.250  3/18/2019    EUR    73.730
DZ Bank AG Deutsche Zentra    6.600 12/24/2018    EUR    73.040
DZ Bank AG Deutsche Zentra    6.000  3/18/2019    EUR    73.850
Commerzbank AG                0.100 12/27/2018    RUB     2.160
DZ Bank AG Deutsche Zentra    8.250 12/24/2018    EUR    59.600
DZ Bank AG Deutsche Zentra    5.500  9/24/2018    EUR    66.850
DZ Bank AG Deutsche Zentra    6.250 12/24/2018    EUR    70.110
DZ Bank AG Deutsche Zentra    6.250 11/23/2018    EUR    41.410
Raiffeisen Centrobank AG      8.862  9/25/2018    EUR    68.080
DZ Bank AG Deutsche Zentra    5.500  3/20/2019    EUR    73.180
Commerzbank AG                9.500 10/26/2018    EUR    71.880
Commerzbank AG               14.750   1/2/2019    EUR    64.050
Commerzbank AG               10.000 11/23/2018    EUR    72.540
Commerzbank AG               11.000 11/23/2018    EUR    71.020
Leonteq Securities AG/Guer   12.800 10/30/2018    USD    72.260
DZ Bank AG Deutsche Zentra    6.500 12/24/2018    EUR    65.850
DZ Bank AG Deutsche Zentra    8.500  3/18/2019    EUR #N/A N/A
DZ Bank AG Deutsche Zentra    7.000  3/18/2019    EUR    69.170
DZ Bank AG Deutsche Zentra    5.500 12/24/2018    EUR    72.180
DZ Bank AG Deutsche Zentra    6.500 12/24/2018    EUR    73.810
DZ Bank AG Deutsche Zentra   15.000  7/25/2018    EUR #N/A N/A
Commerzbank AG               10.750   1/2/2019    EUR    67.940
Commerzbank AG               12.750   1/2/2019    EUR    65.740
Deutsche Bank AG              6.200  2/20/2019    EUR    72.400
Deutsche Bank AG              6.200  2/20/2019    EUR    71.300
Commerzbank AG               14.000 11/23/2018    EUR    67.460
Commerzbank AG               13.500   1/2/2019    EUR    68.640
Commerzbank AG               15.250  9/28/2018    EUR    65.610
UBS AG/London                 7.000  2/22/2019    EUR    73.140
Deutsche Bank AG              6.200  2/20/2019    EUR    72.400
Deutsche Bank AG              6.200  1/23/2019    EUR    73.300
DZ Bank AG Deutsche Zentra   11.250  7/25/2018    EUR    70.820
Commerzbank AG               14.250  9/28/2018    EUR    63.300
Deutsche Bank AG              6.200  2/20/2019    EUR    69.900
DZ Bank AG Deutsche Zentra   10.750  8/24/2018    EUR    61.330
DZ Bank AG Deutsche Zentra    6.500  9/28/2018    EUR    73.560
Deutsche Bank AG              8.500 10/15/2018    USD     8.080
DZ Bank AG Deutsche Zentra    8.250  3/18/2019    EUR    63.870
DZ Bank AG Deutsche Zentra    6.250  9/24/2018    EUR    70.020
DZ Bank AG Deutsche Zentra    7.250  9/24/2018    EUR    67.310
DZ Bank AG Deutsche Zentra    6.700  3/18/2019    EUR    72.240
Vontobel Financial Product   10.500 10/26/2018    EUR    68.390
Raiffeisen Centrobank AG      7.374  3/19/2019    EUR    65.960
DZ Bank AG Deutsche Zentra    5.000  9/24/2018    EUR    59.170
DZ Bank AG Deutsche Zentra    6.250  3/18/2019    EUR    67.270
DZ Bank AG Deutsche Zentra    7.200 12/24/2018    EUR    71.980
Deutsche Bank AG              6.200  1/23/2019    EUR    66.600
Deutsche Bank AG              6.200  2/20/2019    EUR    73.700
UniCredit Bank AG            12.800  9/28/2018    EUR    39.990
UniCredit Bank AG             6.600  6/28/2019    EUR    70.920
BNP Paribas Emissions- und    9.500  3/21/2019    EUR    72.060
UniCredit Bank AG            10.900   1/3/2020    EUR    72.820
Commerzbank AG                6.500 10/26/2018    EUR    72.980
BNP Paribas Emissions- und   18.000  9/27/2018    EUR    73.480
UniCredit Bank AG            12.300  3/22/2019    EUR    68.310
DZ Bank AG Deutsche Zentra    5.500  9/24/2018    EUR    59.300
Commerzbank AG               20.000 11/23/2018    EUR    61.210
DZ Bank AG Deutsche Zentra    6.700  9/24/2018    EUR    71.620
DZ Bank AG Deutsche Zentra    7.800  9/24/2018    EUR    69.640
DZ Bank AG Deutsche Zentra    7.600 12/24/2018    EUR    71.330
DZ Bank AG Deutsche Zentra    5.750  9/24/2018    EUR #N/A N/A
DZ Bank AG Deutsche Zentra    7.250  9/24/2018    EUR #N/A N/A
DZ Bank AG Deutsche Zentra    5.000 12/24/2018    EUR    73.740
DZ Bank AG Deutsche Zentra    5.000  3/18/2019    EUR    72.420
DZ Bank AG Deutsche Zentra    4.750  9/24/2018    EUR    68.190
DZ Bank AG Deutsche Zentra    5.250 12/24/2018    EUR    74.010
DZ Bank AG Deutsche Zentra    5.000  3/18/2019    EUR    74.990
Vontobel Financial Product   10.000  8/24/2018    EUR    69.670
Deutsche Bank AG              6.200  1/23/2019    EUR    72.000
Deutsche Bank AG              6.200  1/23/2019    EUR    69.500
Deutsche Bank AG              6.200  2/20/2019    EUR    69.900
Deutsche Bank AG              6.200  1/23/2019    EUR    70.900
Deutsche Bank AG              6.200  2/20/2019    EUR    67.000
Raiffeisen Centrobank AG     13.292  9/25/2018    EUR    66.820
Raiffeisen Centrobank AG      4.431  9/25/2018    EUR    70.450
Commerzbank AG               12.250  7/27/2018    EUR    73.790
DZ Bank AG Deutsche Zentra   13.750  7/25/2018    EUR #N/A N/A
Commerzbank AG                8.500 10/26/2018    EUR    73.560
Commerzbank AG                3.250 10/26/2018    EUR    57.160
Commerzbank AG               11.250 10/26/2018    EUR    38.860
Vontobel Financial Product    3.600   2/1/2019    EUR    69.910
Commerzbank AG               13.000 10/26/2018    EUR    64.660
Commerzbank AG               12.000 11/23/2018    EUR    69.680
Commerzbank AG               26.750  7/27/2018    EUR    56.760
Leonteq Securities AG/Guer   10.000  1/10/2019    USD    65.010
Commerzbank AG               12.750 10/26/2018    EUR    72.290
BNP Paribas Emissions- und    6.800 10/25/2018    EUR    69.180
UniCredit Bank AG             6.300  9/28/2018    EUR    47.890
Vontobel Financial Product   14.000   1/2/2019    EUR    66.860
Vontobel Financial Product   10.500  9/28/2018    EUR    71.000
Commerzbank AG               14.500  9/28/2018    EUR    66.560
Vontobel Financial Product    4.300 12/14/2018    EUR    58.870
HSBC Trinkaus & Burkhardt     4.500  9/28/2018    EUR    39.750
HSBC Trinkaus & Burkhardt     6.500  9/28/2018    EUR    69.160
HSBC Trinkaus & Burkhardt     5.800 12/28/2018    EUR    72.330
Commerzbank AG                6.500  6/22/2018    EUR    63.750
Commerzbank AG                3.000  9/28/2018    EUR    48.280
Vontobel Financial Product   13.550  6/22/2018    EUR    65.910
Vontobel Financial Product    7.000  8/24/2018    EUR    69.790
Vontobel Financial Product    8.500   1/2/2019    EUR    71.780
Leonteq Securities AG/Guer   13.200  1/16/2019    CHF    66.490
BNP Paribas Emissions- und    6.000  3/21/2019    EUR    74.280
BNP Paribas Emissions- und    5.000  6/27/2019    EUR    66.910
Commerzbank AG                5.750  8/24/2018    EUR    38.580
Commerzbank AG                8.750  9/28/2018    EUR    35.610
Commerzbank AG                4.500  7/27/2018    EUR    41.050
Commerzbank AG                6.500  7/27/2018    EUR    37.570
Commerzbank AG               10.250 10/26/2018    EUR    69.620
DZ Bank AG Deutsche Zentra    6.400  9/24/2018    EUR    72.310
Commerzbank AG               14.000  9/28/2018    EUR    73.970
Commerzbank AG               14.500  7/27/2018    EUR    71.360
DZ Bank AG Deutsche Zentra   11.000  2/20/2019    EUR    67.340
HSBC Trinkaus & Burkhardt     6.700  9/28/2018    EUR    62.300
HSBC Trinkaus & Burkhardt     4.000  6/28/2019    EUR    67.010
Vontobel Financial Product   10.500   1/2/2019    EUR    68.410
Vontobel Financial Product   12.000   1/2/2019    EUR    67.180
Vontobel Financial Product   15.000   1/2/2019    EUR    65.050
Vontobel Financial Product    8.500   1/2/2019    EUR    71.780
Commerzbank AG               11.500  9/28/2018    EUR    66.200
Commerzbank AG               12.750  8/24/2018    EUR    66.850
Commerzbank AG                8.500 11/23/2018    EUR    72.050
Raiffeisen Schweiz Genosse   10.000 10/16/2018    CHF    57.330
Vontobel Financial Product    8.000  9/28/2018    EUR    41.740
DZ Bank AG Deutsche Zentra    4.500 12/28/2018    EUR    70.910
Bank Julius Baer & Co Ltd/   12.750  4/23/2019    USD    69.650
Bank Julius Baer & Co Ltd/   14.100  1/24/2019    USD    68.300
Vontobel Financial Product   14.500   1/2/2019    EUR    72.360
Commerzbank AG               15.000  8/24/2018    EUR    67.790
BNP Paribas Emissions- und    7.000  3/21/2019    EUR    72.440
Commerzbank AG                3.750  8/24/2018    EUR    43.010
Commerzbank AG               11.750  8/24/2018    EUR    33.460
Commerzbank AG                4.750  9/28/2018    EUR    40.180
Vontobel Financial Product    7.750   3/8/2019    EUR    68.300
HSBC Trinkaus & Burkhardt     8.500  9/28/2018    EUR    70.950
HSBC Trinkaus & Burkhardt     9.000  3/22/2019    EUR    72.240
HSBC Trinkaus & Burkhardt    11.900 12/28/2018    EUR    68.480
Vontobel Financial Product    8.550  9/28/2018    EUR    69.790
Vontobel Financial Product   14.000  9/28/2018    EUR    64.620
Vontobel Financial Product   11.000  9/28/2018    EUR    68.080
Vontobel Financial Product    7.500  6/28/2019    EUR    73.560
Vontobel Financial Product    7.550   1/2/2019    EUR    73.700
Vontobel Financial Product   11.000  6/28/2019    EUR    69.210
Vontobel Financial Product    4.000  9/28/2018    EUR    47.310
BNP Paribas Emissions- und    3.000  6/27/2019    EUR    70.190
Commerzbank AG                8.000  2/22/2019    EUR    72.170
Commerzbank AG               10.500  7/27/2018    EUR    33.870
Commerzbank AG                8.500 10/26/2018    EUR    36.210
Commerzbank AG                7.750  8/24/2018    EUR    44.010
BNP Paribas Emissions- und   19.000  8/23/2018    EUR    61.100
Raiffeisen Centrobank AG      9.940 12/27/2019    EUR    72.550
Raiffeisen Centrobank AG      8.395 12/27/2019    EUR    72.650
Vontobel Financial Product    7.000  9/28/2018    EUR    62.540
Vontobel Financial Product   12.000  6/22/2018    EUR    63.560
Vontobel Financial Product    7.550   1/2/2019    EUR    69.390
Vontobel Financial Product    9.500   1/2/2019    EUR    63.840
Vontobel Financial Product   16.550  9/28/2018    EUR    65.470
BNP Paribas Emissions- und   13.000 10/25/2018    EUR    72.700
HSBC Trinkaus & Burkhardt    10.500  3/22/2019    EUR    70.790
HSBC Trinkaus & Burkhardt     6.400  3/22/2019    EUR    63.110
HSBC Trinkaus & Burkhardt     2.000 11/23/2018    EUR    72.320
HSBC Trinkaus & Burkhardt     3.500  2/23/2019    EUR    67.540
HSBC Trinkaus & Burkhardt     9.700 12/28/2018    EUR    73.890
HSBC Trinkaus & Burkhardt     5.600  3/22/2019    EUR    67.280
HSBC Trinkaus & Burkhardt     4.000  6/28/2019    EUR    70.010
HSBC Trinkaus & Burkhardt     3.300 10/26/2018    EUR    69.630
HSBC Trinkaus & Burkhardt     3.300 11/23/2018    EUR    69.680
Vontobel Financial Product   12.100   3/8/2019    EUR    64.020
Vontobel Financial Product    5.800   3/8/2019    EUR    71.250
Vontobel Financial Product    6.550   1/2/2019    EUR    70.990
Vontobel Financial Product    8.750  9/28/2018    EUR    65.170
Vontobel Financial Product    8.500  6/22/2018    EUR    73.470
Vontobel Financial Product   10.000  6/22/2018    EUR    70.710
Vontobel Financial Product    9.500   1/2/2019    EUR    70.030
Vontobel Financial Product   13.500   1/2/2019    EUR    66.060
Commerzbank AG                9.750   1/2/2019    EUR    67.880
Commerzbank AG               13.750  8/24/2018    EUR    66.110
BNP Paribas Emissions- und    5.000  3/21/2019    EUR    76.460
BNP Paribas Emissions- und    7.000  3/21/2019    EUR    72.240
BNP Paribas Emissions- und    8.500  3/21/2019    EUR    70.750
Commerzbank AG                7.750  8/24/2018    EUR    36.190
Commerzbank AG                9.750  8/24/2018    EUR    34.660
Commerzbank AG                6.750  9/28/2018    EUR    37.250
DZ Bank AG Deutsche Zentra    9.750  2/20/2019    EUR    67.510
Commerzbank AG               10.750 11/23/2018    EUR    69.420
Commerzbank AG               11.250 10/26/2018    EUR    68.680
Commerzbank AG               15.000  8/24/2018    EUR    73.400
Vontobel Financial Product    6.850   3/8/2019    EUR    70.520
HSBC Trinkaus & Burkhardt     5.800  9/28/2018    EUR    68.060
HSBC Trinkaus & Burkhardt     5.500 12/28/2018    EUR    68.770
HSBC Trinkaus & Burkhardt     8.000 12/28/2018    EUR    38.760
Vontobel Financial Product    8.050  9/21/2018    EUR    54.370
Vontobel Financial Product    5.750   3/8/2019    EUR    63.880
HSBC Trinkaus & Burkhardt     6.800  6/22/2018    EUR    69.480
HSBC Trinkaus & Burkhardt     6.800  6/22/2018    EUR    69.410
BNP Paribas Emissions- und   17.000  8/23/2018    EUR    71.210
BNP Paribas Emissions- und   15.000  9/27/2018    EUR    72.320
Vontobel Financial Product   14.000  9/28/2018    EUR    67.060
Vontobel Financial Product   10.500  9/28/2018    EUR    61.650
Vontobel Financial Product   10.000   1/2/2019    EUR    70.740
Vontobel Financial Product   11.500   1/2/2019    EUR    69.150
Vontobel Financial Product   15.550   1/2/2019    EUR    66.960
HSBC Trinkaus & Burkhardt     7.800  3/22/2019    EUR    61.950
HSBC Trinkaus & Burkhardt     2.400  6/28/2019    EUR    70.790
HSBC Trinkaus & Burkhardt     3.400 11/23/2018    EUR    67.010
HSBC Trinkaus & Burkhardt     2.000  1/25/2019    EUR    72.440
HSBC Trinkaus & Burkhardt     2.000  2/23/2019    EUR    72.390
HSBC Trinkaus & Burkhardt     5.400 12/28/2018    EUR    67.280
HSBC Trinkaus & Burkhardt     3.600  2/23/2019    EUR    70.190
Vontobel Financial Product   11.050 12/14/2018    EUR    66.190
Vontobel Financial Product    4.750 12/21/2018    EUR    72.110
Vontobel Financial Product    8.500  3/22/2019    EUR    66.920
Vontobel Financial Product    7.000  9/28/2018    EUR    71.880
Vontobel Financial Product   10.050  9/28/2018    EUR    67.840
Vontobel Financial Product   12.000  9/28/2018    EUR    66.160
Vontobel Financial Product   16.000  9/28/2018    EUR    63.210
Vontobel Financial Product   12.500  9/28/2018    EUR    66.290
Vontobel Financial Product   11.500   1/2/2019    EUR    73.160
Vontobel Financial Product   10.000  3/22/2019    EUR    73.220
Vontobel Financial Product   10.000  6/28/2019    EUR    73.450
Vontobel Financial Product    8.500  9/28/2018    EUR    72.270
Vontobel Financial Product   10.000  9/28/2018    EUR    70.160
Vontobel Financial Product   11.550  6/22/2018    EUR    68.250
Vontobel Financial Product    9.000  6/28/2019    EUR    70.930
Vontobel Financial Product   11.000   1/2/2019    EUR    68.670
Leonteq Securities AG/Guer    7.000  4/16/2020    CHF    68.800
Commerzbank AG               11.000 10/26/2018    EUR    66.700
Commerzbank AG               12.500 11/23/2018    EUR    67.960
DZ Bank AG Deutsche Zentra    8.250  6/22/2018    EUR    70.500
DZ Bank AG Deutsche Zentra   10.500  6/22/2018    EUR    63.780
HSBC Trinkaus & Burkhardt     9.800  9/28/2018    EUR    69.980
Commerzbank AG               12.500  7/27/2018    EUR    32.640
Commerzbank AG               10.750  9/28/2018    EUR    34.460
Commerzbank AG                4.500 10/26/2018    EUR    41.250
Commerzbank AG                6.500 10/26/2018    EUR    37.920
Commerzbank AG               10.500 10/26/2018    EUR    35.040
Commerzbank AG                8.750 10/26/2018    EUR    72.950
Commerzbank AG               15.750  7/27/2018    EUR    66.030
Vontobel Financial Product    9.000  1/25/2019    EUR    66.060
DZ Bank AG Deutsche Zentra    8.500  9/24/2018    EUR    60.450
EFG International Finance    10.400   2/7/2019    EUR    73.880
Vontobel Financial Product   17.000   1/2/2019    EUR    63.960
Vontobel Financial Product   14.550  9/28/2018    EUR    66.250
Vontobel Financial Product   11.000   1/2/2019    EUR    70.340
UBS AG/London                16.000  8/30/2018    CHF    21.950
UBS AG/London                 6.000  8/30/2019    CHF    56.550
Zurcher Kantonalbank Finan   11.000   2/1/2019    EUR    71.400
Vontobel Financial Product   10.350   3/8/2019    EUR    60.510
Commerzbank AG               12.500   1/2/2019    EUR    69.140
Bank Julius Baer & Co Ltd/   14.400  1/24/2019    USD    68.700
Commerzbank AG                5.500  9/28/2018    EUR    62.920
HSBC Trinkaus & Burkhardt    12.300  6/22/2018    EUR    41.770
HSBC Trinkaus & Burkhardt    11.100  9/28/2018    EUR    40.630
HSBC Trinkaus & Burkhardt     3.900  9/28/2018    EUR    52.660
HSBC Trinkaus & Burkhardt    10.100 12/28/2018    EUR    42.850
Raiffeisen Schweiz Genosse    9.100   3/8/2019    CHF    59.380
Leonteq Securities AG/Guer   10.600  1/16/2019    EUR    72.010
Commerzbank AG               12.750  8/24/2018    EUR    65.020
Commerzbank AG                9.500 11/23/2018    EUR    70.800
Vontobel Financial Product    5.500  9/28/2018    EUR    44.820
BNP Paribas Emissions- und    3.500  9/26/2019    EUR    68.430
Commerzbank AG                7.000 11/23/2018    EUR    73.010
Commerzbank AG                8.500  7/27/2018    EUR    35.370
Commerzbank AG               12.000  9/28/2018    EUR    67.680
Commerzbank AG               15.750  7/27/2018    EUR    72.860
Vontobel Financial Product    9.200 12/14/2018    EUR    71.040
Vontobel Financial Product   11.600 12/14/2018    EUR    71.900
Vontobel Financial Product   15.550   1/2/2019    EUR    65.360
Vontobel Financial Product   12.550  9/28/2018    EUR    68.530
Vontobel Financial Product   12.500   1/2/2019    EUR    68.520
Vontobel Financial Product    3.950   3/8/2019    EUR    63.940
DZ Bank AG Deutsche Zentra    6.250  6/22/2018    EUR    53.150
DZ Bank AG Deutsche Zentra    6.250  6/22/2018    EUR    74.210
Vontobel Financial Product    5.500  6/22/2018    EUR    48.160
Commerzbank AG                7.000  8/24/2018    EUR    61.420
Commerzbank AG                8.000  9/28/2018    EUR    67.850
Commerzbank AG                6.500   1/2/2019    EUR    69.140
Commerzbank AG                4.000  7/27/2018    EUR    68.160
Commerzbank AG                3.750 10/26/2018    EUR    69.600
Commerzbank AG               12.250  7/27/2018    EUR    65.400
Leonteq Securities AG/Guer   11.000  9/12/2018    USD    48.580
DZ Bank AG Deutsche Zentra    8.500  6/22/2018    EUR    44.420
Vontobel Financial Product    9.000  8/24/2018    EUR    61.850
EFG International Finance    10.400  1/24/2019    EUR    72.550
Vontobel Financial Product    7.550   1/2/2019    EUR    73.190
Vontobel Financial Product    9.500  6/22/2018    EUR    61.940
Vontobel Financial Product   10.000  6/22/2018    EUR    59.710
Vontobel Financial Product    7.500  6/22/2018    EUR    73.200
UniCredit Bank AG            10.400  6/22/2018    EUR    50.590
UniCredit Bank AG             8.100  6/22/2018    EUR    54.760
UniCredit Bank AG             6.500  6/22/2018    EUR    51.280
UniCredit Bank AG             7.700  6/22/2018    EUR    48.100
UniCredit Bank AG            12.000  6/22/2018    EUR    40.590
HSBC Trinkaus & Burkhardt     8.900  1/25/2019    EUR    65.650
Vontobel Financial Product   10.550  6/22/2018    EUR    64.670
HSBC Trinkaus & Burkhardt    13.100  1/25/2019    EUR    71.140
DZ Bank AG Deutsche Zentra    5.000  9/24/2018    EUR    57.800
HSBC Trinkaus & Burkhardt     5.400  6/22/2018    EUR    74.740
HSBC Trinkaus & Burkhardt    11.900  1/25/2019    EUR    63.880
Commerzbank AG                7.500 11/23/2018    EUR    65.680
Vontobel Financial Product    2.500  1/29/2019    EUR    66.950
Commerzbank AG               13.000  7/27/2018    EUR    73.980
Commerzbank AG               15.500   1/2/2019    EUR    59.330
Commerzbank AG               12.500  7/27/2018    EUR    60.730
Commerzbank AG               10.500   1/2/2019    EUR    65.020
Vontobel Financial Product   11.000  6/22/2018    EUR    54.380
UBS AG/London                 9.300  9/27/2018    EUR    71.210
Deutsche Bank AG             10.000  9/25/2018    EUR    74.900
Deutsche Bank AG             10.000 12/27/2018    EUR    66.700
Landesbank Baden-Wuerttemb    4.500   1/4/2019    EUR    73.870
UniCredit Bank AG            10.800  6/22/2018    EUR    74.320
Vontobel Financial Product    8.500  6/22/2018    EUR    62.330
UniCredit Bank AG            13.900  6/22/2018    EUR    72.990
UniCredit Bank AG            13.600  6/22/2018    EUR    38.600
UniCredit Bank AG             9.100  6/22/2018    EUR    45.300
HSBC Trinkaus & Burkhardt     4.300  8/24/2018    EUR    69.510
HSBC Trinkaus & Burkhardt    12.600  1/25/2019    EUR    63.410
DZ Bank AG Deutsche Zentra    6.100  9/24/2018    EUR    63.590
DZ Bank AG Deutsche Zentra    7.900  9/24/2018    EUR    60.260
Vontobel Financial Product    8.500  6/22/2018    EUR    67.470
HSBC Trinkaus & Burkhardt    10.500  9/28/2018    EUR    74.220
Vontobel Financial Product    6.500  6/22/2018    EUR    70.470
HSBC Trinkaus & Burkhardt    14.700  1/25/2019    EUR    62.830
HSBC Trinkaus & Burkhardt     7.100  1/25/2019    EUR    71.650
HSBC Trinkaus & Burkhardt    17.800  6/22/2018    EUR    61.750
Vontobel Financial Product    9.000  9/28/2018    EUR    74.970
Vontobel Financial Product   13.000  6/22/2018    EUR    73.530
Leonteq Securities AG/Guer   11.200   5/8/2019    CHF    69.090
HSBC Trinkaus & Burkhardt     6.200  6/22/2018    EUR    72.000
HSBC Trinkaus & Burkhardt     4.600  3/22/2019    EUR    69.170
HSBC Trinkaus & Burkhardt     4.200  1/25/2019    EUR    70.770
DZ Bank AG Deutsche Zentra    5.000  9/24/2018    EUR    67.070
Commerzbank AG               11.500  7/27/2018    EUR    37.080
HSBC Trinkaus & Burkhardt    12.900  1/25/2019    EUR    73.010
HSBC Trinkaus & Burkhardt    11.100  1/25/2019    EUR    65.750
HSBC Trinkaus & Burkhardt    13.100  9/28/2018    EUR    61.410
Commerzbank AG                6.000  7/27/2018    EUR    63.210
Vontobel Financial Product   10.000  9/28/2018    EUR    73.400
DZ Bank AG Deutsche Zentra    5.750  6/22/2018    EUR    64.850
Vontobel Financial Product    7.000  6/22/2018    EUR    66.120
Commerzbank AG                5.000   1/2/2019    EUR    62.850
Commerzbank AG               10.500  8/24/2018    EUR    68.290
Commerzbank AG               10.750  9/28/2018    EUR    67.440
DZ Bank AG Deutsche Zentra    7.500   1/2/2019    EUR    65.080
Bank Julius Baer & Co Ltd/   10.200 11/15/2018    CHF    57.850
UniCredit Bank AG             9.400  6/22/2018    EUR    66.040
UniCredit Bank AG            11.400  6/22/2018    EUR    62.940
HSBC Trinkaus & Burkhardt     6.200  9/28/2018    EUR    67.400
HSBC Trinkaus & Burkhardt     4.800  9/28/2018    EUR    68.020
Commerzbank AG                5.750 10/26/2018    EUR    67.520
Commerzbank AG               10.000  7/27/2018    EUR    73.470
Commerzbank AG               12.750 10/26/2018    EUR    71.360
Leonteq Securities AG/Guer   11.000  2/18/2019    CHF    73.820
Vontobel Financial Product    7.000  6/22/2018    EUR    54.210
Vontobel Financial Product   10.500  6/22/2018    EUR    62.650
Vontobel Financial Product    9.500  6/22/2018    EUR    54.090
DZ Bank AG Deutsche Zentra    5.000  6/22/2018    EUR     1.630
UBS AG/London                 3.200  9/27/2018    EUR    73.740
UBS AG/London                 5.600   1/3/2019    EUR    70.600
Vontobel Financial Product    6.000  6/22/2018    EUR    70.740
UBS AG/London                 7.100  3/28/2019    EUR    64.690
UBS AG/London                 7.300   1/3/2019    EUR    67.190
UBS AG/London                 5.000  3/28/2019    EUR    71.140
Vontobel Financial Product   12.000  6/22/2018    EUR    56.220
BNP Paribas Emissions- und   12.000  9/27/2018    EUR    69.710
Vontobel Financial Product    5.000  9/28/2018    EUR    68.660
Vontobel Financial Product    6.000  6/22/2018    EUR    65.680
Vontobel Financial Product    4.000  9/28/2018    EUR    70.370
Vontobel Financial Product    6.500  6/22/2018    EUR    75.000
UniCredit Bank AG             4.400  6/22/2018    EUR    65.650
UniCredit Bank AG            13.600  6/22/2018    EUR    60.120
UniCredit Bank AG            10.500  6/22/2018    EUR    42.810
UniCredit Bank AG             7.500  6/22/2018    EUR    69.480
HSBC Trinkaus & Burkhardt     9.300 12/28/2018    EUR    65.210
Vontobel Financial Product    4.500  6/22/2018    EUR    73.810
HSBC Trinkaus & Burkhardt     7.300 12/28/2018    EUR    66.600
HSBC Trinkaus & Burkhardt     5.100 12/28/2018    EUR    68.850
Vontobel Financial Product   11.000  6/22/2018    EUR    62.250
Vontobel Financial Product    2.000  6/22/2018    EUR    53.830
Vontobel Financial Product    5.500  6/22/2018    EUR    68.580
BNP Paribas Emissions- und    7.000  1/24/2019    EUR    67.040
Vontobel Financial Product    7.500  9/28/2018    EUR    68.560
Landesbank Baden-Wuerttemb    4.500 11/23/2018    EUR    69.430
Deutsche Bank AG             10.000 12/27/2018    EUR    57.700
Raiffeisen Centrobank AG      9.304  9/25/2018    EUR    70.960
Vontobel Financial Product    8.500  9/28/2018    EUR    62.680
Commerzbank AG               12.750  9/28/2018    EUR    72.400
Vontobel Financial Product    7.000  9/28/2018    EUR    74.200
Vontobel Financial Product    4.000  6/22/2018    EUR    69.420
Vontobel Financial Product    5.000  6/22/2018    EUR    67.500
UniCredit Bank AG             3.200  6/22/2018    EUR    72.920
BNP Paribas Emissions- und   11.000 12/31/2018    EUR    74.970
UniCredit Bank AG             4.200  6/22/2018    EUR    59.130
UniCredit Bank AG             5.800  6/22/2018    EUR    73.300
UniCredit Bank AG             5.300  6/22/2018    EUR    54.930
HSBC Trinkaus & Burkhardt     3.200  9/28/2018    EUR    72.740
HSBC Trinkaus & Burkhardt     4.300 10/26/2018    EUR    70.090
DZ Bank AG Deutsche Zentra    8.250  9/24/2018    EUR    58.570
DZ Bank AG Deutsche Zentra    6.750  9/24/2018    EUR    58.220
HSBC Trinkaus & Burkhardt     7.000  1/25/2019    EUR    66.900
Deutsche Bank AG              6.200  7/25/2018    EUR    63.700
Deutsche Bank AG              6.200  8/22/2018    EUR    66.300
Deutsche Bank AG              6.200 10/24/2018    EUR    69.600
Deutsche Bank AG              6.200 10/24/2018    EUR    63.100
Deutsche Bank AG              2.700  9/25/2018    EUR    68.300
Deutsche Bank AG              2.700 12/27/2018    EUR    68.700
Deutsche Bank AG              2.700 12/27/2018    EUR    60.500
UBS AG/London                 9.300   1/3/2019    EUR    64.300
Vontobel Financial Product    5.000  6/22/2018    EUR    73.450
Vontobel Financial Product    6.500  6/22/2018    EUR    68.220
EFG International Finance     8.400  8/23/2018    USD    55.130
Vontobel Financial Product    7.500  6/22/2018    EUR    65.870
Vontobel Financial Product    8.500  6/22/2018    EUR    64.000
Commerzbank AG               23.500  8/24/2018    EUR    57.060
Vontobel Financial Product    6.550  9/28/2018    EUR    65.420
UniCredit Bank AG             6.100  6/22/2018    EUR    59.700
UniCredit Bank AG            14.200  6/22/2018    EUR    70.310
UniCredit Bank AG            13.100  6/22/2018    EUR    47.030
Vontobel Financial Product    7.500  8/24/2018    EUR    68.260
HSBC Trinkaus & Burkhardt    11.800  6/22/2018    EUR    40.670
HSBC Trinkaus & Burkhardt     6.300  6/22/2018    EUR    51.400
HSBC Trinkaus & Burkhardt     9.800  6/22/2018    EUR    69.610
Raiffeisen Schweiz Genosse    6.000   5/9/2019    CHF    74.720
Commerzbank AG               25.000  7/27/2018    EUR    56.290
Deutsche Bank AG              5.500  9/25/2018    EUR    69.000
Deutsche Bank AG              5.500  9/25/2018    EUR    64.500
DZ Bank AG Deutsche Zentra    6.900  9/24/2018    EUR    67.640
UniCredit Bank AG            14.300  6/22/2018    EUR    55.780
Vontobel Financial Product   12.000  6/22/2018    EUR    74.930
Deutsche Bank AG              6.200 10/24/2018    EUR    69.100
Commerzbank AG               16.000  7/27/2018    EUR    70.060
Commerzbank AG               13.750  9/28/2018    EUR    72.400
Commerzbank AG                5.250 11/23/2018    EUR    69.890
Deutsche Bank AG              5.500 12/27/2018    EUR    70.700
Deutsche Bank AG              6.200  8/22/2018    EUR    62.100
Deutsche Bank AG              6.200 10/24/2018    EUR    61.200
Vontobel Financial Product   14.000  6/22/2018    EUR    56.360
Vontobel Financial Product   11.000  6/22/2018    EUR    63.300
Commerzbank AG                8.750  7/27/2018    EUR    68.630
Commerzbank AG               10.750  7/27/2018    EUR    63.050
Commerzbank AG               11.750  7/27/2018    EUR    61.460
Commerzbank AG                3.750  7/27/2018    EUR    60.570
Commerzbank AG                5.750  7/27/2018    EUR    50.920
Vontobel Financial Product   10.500  7/27/2018    EUR    60.130
BNP Paribas Emissions- und    7.000 12/31/2018    EUR    62.570
Goldman Sachs & Co Wertpap   21.000  7/25/2018    EUR    65.290
Goldman Sachs & Co Wertpap   16.000 12/28/2018    EUR    71.500
Goldman Sachs & Co Wertpap   19.000  7/25/2018    EUR    70.060
Goldman Sachs & Co Wertpap   25.000  7/25/2018    EUR    64.730
Goldman Sachs & Co Wertpap   18.000  8/22/2018    EUR    71.250
Goldman Sachs & Co Wertpap   24.000  8/22/2018    EUR    66.430
Goldman Sachs & Co Wertpap   20.000  7/25/2018    EUR    70.710
Goldman Sachs & Co Wertpap   19.000  8/22/2018    EUR    72.210
Leonteq Securities AG/Guer   11.000 11/26/2018    EUR    60.890
Vontobel Financial Product   12.700  9/14/2018    EUR    60.160
DZ Bank AG Deutsche Zentra    5.600  6/22/2018    EUR    65.960
Commerzbank AG               11.250 10/26/2018    EUR    70.340
Bank Julius Baer & Co Ltd/    7.000   8/3/2018    CHF    50.350
Deutsche Bank AG              4.200  9/25/2018    EUR    56.800
Deutsche Bank AG              4.200  9/25/2018    EUR    53.700
Vontobel Financial Product   12.950  9/21/2018    EUR    68.940
DZ Bank AG Deutsche Zentra    7.500  6/22/2018    EUR    71.140
DZ Bank AG Deutsche Zentra    6.700  6/22/2018    EUR    62.910
Vontobel Financial Product   12.000 12/14/2018    EUR    70.450
DZ Bank AG Deutsche Zentra    4.600  6/22/2018    EUR    65.330
Vontobel Financial Product    9.500   1/2/2019    EUR    62.140
Bank Julius Baer & Co Ltd/   10.200  2/19/2019    USD    66.350
Commerzbank AG               10.000 11/23/2018    EUR    71.950
Vontobel Financial Product    8.500  6/22/2018    EUR    73.050
UniCredit Bank AG            12.600  6/22/2018    EUR    70.820
UniCredit Bank AG            13.700  6/22/2018    EUR    69.190
UniCredit Bank AG            14.900  6/22/2018    EUR    70.910
UniCredit Bank AG            14.100  6/22/2018    EUR    72.250
UniCredit Bank AG             4.900  6/22/2018    EUR    70.720
UniCredit Bank AG            11.000  6/22/2018    EUR    58.900
UniCredit Bank AG            14.400  6/22/2018    EUR    68.880
UniCredit Bank AG            14.500  6/22/2018    EUR    54.250
UniCredit Bank AG             4.800  6/22/2018    EUR    56.950
UniCredit Bank AG            12.200  6/22/2018    EUR    41.700
UniCredit Bank AG             7.600  6/22/2018    EUR    67.700
UniCredit Bank AG             5.600  6/22/2018    EUR    62.540
UniCredit Bank AG            13.000  6/22/2018    EUR    70.380
UniCredit Bank AG            11.800  6/22/2018    EUR    71.850
UniCredit Bank AG            14.900  6/22/2018    EUR    69.360
UniCredit Bank AG             9.900  6/22/2018    EUR    52.600
Vontobel Financial Product    9.500  6/22/2018    EUR    73.830
HSBC Trinkaus & Burkhardt    12.300  9/28/2018    EUR    37.270
HSBC Trinkaus & Burkhardt    11.100  9/28/2018    EUR    38.700
UBS AG/London                17.000  6/28/2018    EUR    53.700
HSBC Trinkaus & Burkhardt     8.800  9/28/2018    EUR    71.860
Vontobel Financial Product    9.250  9/14/2018    EUR    74.520
HSBC Trinkaus & Burkhardt     9.600  9/28/2018    EUR    60.040
DZ Bank AG Deutsche Zentra   10.750  6/22/2018    EUR    64.700
First Mortgage Co Universa    6.500 12/12/2019    USD    25.044
Deutsche Bank AG              6.200  9/25/2018    EUR    60.800
Deutsche Bank AG              6.200  9/25/2018    EUR    57.300
Deutsche Bank AG              4.200 12/27/2018    EUR    61.300
Vontobel Financial Product   14.700  9/14/2018    EUR    74.380
Landesbank Baden-Wuerttemb    6.000  1/24/2020    EUR    70.890
HSBC Trinkaus & Burkhardt     7.600  6/22/2018    EUR    48.210
Deutsche Bank AG              4.200 12/27/2018    EUR    54.700
Deutsche Bank AG              6.200  9/25/2018    EUR    54.200
Leonteq Securities AG/Guer   10.000   1/3/2020    CHF    71.920
Vontobel Financial Product   13.600 12/14/2018    EUR    60.380
DZ Bank AG Deutsche Zentra    7.700  6/22/2018    EUR    60.000
DZ Bank AG Deutsche Zentra    4.800  6/22/2018    EUR    71.900
HSBC Trinkaus & Burkhardt     6.200 12/28/2018    EUR    68.460
HSBC Trinkaus & Burkhardt     6.400  8/24/2018    EUR    66.520
HSBC Trinkaus & Burkhardt     5.800  9/28/2018    EUR    49.620
HSBC Trinkaus & Burkhardt     9.000  8/24/2018    EUR    42.540
HSBC Trinkaus & Burkhardt     8.800  9/28/2018    EUR    70.540
UBS AG/London                11.300  6/28/2018    EUR    60.240
HSBC Trinkaus & Burkhardt     2.800  6/22/2018    EUR    71.800
HSBC Trinkaus & Burkhardt     7.000 12/28/2018    EUR    66.730
Deutsche Bank AG              4.200  9/25/2018    EUR    62.800
Deutsche Bank AG              4.200 12/27/2018    EUR    60.700
Vontobel Financial Product    4.350  9/14/2018    EUR    61.280
HSBC Trinkaus & Burkhardt     6.400  9/28/2018    EUR    63.940
Vontobel Financial Product   13.300  9/14/2018    EUR    68.810
HSBC Trinkaus & Burkhardt     5.300 12/28/2018    EUR    72.660
HSBC Trinkaus & Burkhardt     9.500  6/22/2018    EUR    60.720
EFG International Finance    10.000  8/16/2018    EUR    68.120
Landesbank Baden-Wuerttemb    7.000  6/22/2018    EUR    60.150
EFG International Finance     8.000  5/26/2020    USD    60.510
BNP Paribas Emissions- und    5.500 12/31/2018    EUR    64.890
Deutsche Bank AG              6.200 12/27/2018    EUR    58.800
Deutsche Bank AG              6.200 12/27/2018    EUR    62.300
Vontobel Financial Product   10.700  9/14/2018    EUR    67.110
DZ Bank AG Deutsche Zentra    8.600  6/22/2018    EUR    58.070
Vontobel Financial Product   10.750 12/14/2018    EUR    69.860
UniCredit Bank AG            13.300  6/22/2018    EUR    73.650
UniCredit Bank AG             6.000  6/22/2018    EUR    73.460
UniCredit Bank AG             8.200  6/22/2018    EUR    66.040
UniCredit Bank AG            13.400  6/22/2018    EUR    74.670
UniCredit Bank AG            14.300  6/22/2018    EUR    54.990
UniCredit Bank AG             9.900  6/22/2018    EUR    61.880
UniCredit Bank AG             7.400  6/22/2018    EUR    68.340
DZ Bank AG Deutsche Zentra    4.500  6/22/2018    EUR    74.600
UniCredit Bank AG            14.600  6/22/2018    EUR    74.970
UniCredit Bank AG             9.600  6/22/2018    EUR    75.000
UBS AG/London                 6.300  3/28/2019    EUR    72.150
HSBC Trinkaus & Burkhardt    10.850  6/22/2018    EUR    57.370
HSBC Trinkaus & Burkhardt     4.200 12/28/2018    EUR    73.420
HSBC Trinkaus & Burkhardt     7.800  9/28/2018    EUR    75.030
Commerzbank AG               19.250  1/25/2019    EUR    71.490
DZ Bank AG Deutsche Zentra    9.500  9/26/2018    EUR    65.530
DZ Bank AG Deutsche Zentra    8.750 12/28/2018    EUR    69.850
UniCredit Bank AG             8.500   1/4/2019    EUR    72.630
UniCredit Bank AG            11.100   1/4/2019    EUR    74.530
UniCredit Bank AG            10.500   1/3/2020    EUR    71.450
UniCredit Bank AG            10.700  3/22/2019    EUR    69.170
UniCredit Bank AG             9.700  3/22/2019    EUR    75.690
UniCredit Bank AG            13.400  9/28/2018    EUR    72.210
UniCredit Bank AG             9.500  9/28/2018    EUR    70.890
UniCredit Bank AG             7.400  6/28/2019    EUR    73.140
UniCredit Bank AG            11.300  6/28/2019    EUR    69.920
BNP Paribas Emissions- und   18.000 12/31/2018    EUR    71.150
BNP Paribas Emissions- und   22.000 12/31/2018    EUR    68.410
BNP Paribas Emissions- und   16.000 12/31/2018    EUR    70.710
BNP Paribas Emissions- und   16.000  9/27/2018    EUR    70.910
BNP Paribas Emissions- und   19.000  9/27/2018    EUR    69.840
BNP Paribas Emissions- und   23.000  9/27/2018    EUR    75.470
BNP Paribas Emissions- und   24.000  9/27/2018    EUR    68.670
BNP Paribas Emissions- und   28.000  9/27/2018    EUR    64.700
BNP Paribas Emissions- und   17.000 12/31/2018    EUR    72.050
Citigroup Global Markets F   13.600  1/25/2023    SEK    71.880
Commerzbank AG               15.750  2/22/2019    EUR    70.810
Commerzbank AG               17.750  2/22/2019    EUR    69.040
SG Issuer SA                 11.350  3/26/2019    EUR    66.090
Commerzbank AG               11.000  2/22/2019    EUR    72.660
Vontobel Financial Product    4.500  3/22/2019    EUR    49.820
BNP Paribas Emissions- und    9.000  9/27/2018    EUR    70.600
Vontobel Financial Product   10.000  3/22/2019    EUR    72.690
Vontobel Financial Product   11.000   1/2/2019    EUR    71.250
Vontobel Financial Product   13.000   1/2/2019    EUR    69.930
Vontobel Financial Product   15.050   1/2/2019    EUR    68.770
Vontobel Financial Product   13.000  3/22/2019    EUR    70.460
Vontobel Financial Product   11.550  6/28/2019    EUR    71.570
DZ Bank AG Deutsche Zentra   10.750  3/20/2019    EUR    70.530
DZ Bank AG Deutsche Zentra    7.750  9/26/2018    EUR    72.930
DZ Bank AG Deutsche Zentra    9.250  9/26/2018    EUR    69.640
HSBC Trinkaus & Burkhardt     9.300  6/22/2018    EUR    70.440
Vontobel Financial Product    8.000  6/22/2018    EUR    71.510
Vontobel Financial Product    9.000  6/22/2018    EUR    66.900
Vontobel Financial Product   10.500  6/22/2018    EUR    62.990
Vontobel Financial Product   12.000  6/22/2018    EUR    59.470
Raiffeisen Centrobank AG     11.137 12/25/2018    EUR    22.410
Raiffeisen Centrobank AG      6.216 12/25/2018    EUR    69.260
Raiffeisen Centrobank AG      7.252 12/25/2018    EUR    15.120
Raiffeisen Centrobank AG      8.029 12/25/2018    EUR    69.520
Raiffeisen Centrobank AG      2.321 12/28/2018    EUR    60.550
Raiffeisen Centrobank AG      4.126 12/28/2018    EUR     8.770
Raiffeisen Centrobank AG      9.324 12/25/2018    EUR    19.010
Raiffeisen Centrobank AG      3.868 12/28/2018    EUR    59.940
HSBC Trinkaus & Burkhardt     4.020  7/27/2018    EUR    69.930
HSBC Trinkaus & Burkhardt     5.000  8/24/2018    EUR    71.980
Landesbank Hessen-Thuering    4.350  2/24/2023    EUR    63.010
BNP Paribas Emissions- und    8.000 12/31/2018    EUR    63.090
BNP Paribas Emissions- und    9.500 12/31/2018    EUR    61.060
BNP Paribas Emissions- und    4.500 12/31/2018    EUR    71.580
BNP Paribas Emissions- und    5.000 12/31/2018    EUR    69.890
Vontobel Financial Product    8.000  12/7/2018    EUR    69.700
HSBC Trinkaus & Burkhardt     9.100  6/22/2018    EUR    68.240
DekaBank Deutsche Girozent    3.000 11/30/2018    EUR    74.440
Landesbank Baden-Wuerttemb    9.000  7/27/2018    EUR    67.030
Landesbank Baden-Wuerttemb    4.000  7/27/2018    EUR    73.380
Landesbank Baden-Wuerttemb    4.000  7/27/2018    EUR    72.960
Landesbank Baden-Wuerttemb    5.000  7/27/2018    EUR    70.410
Vontobel Financial Product   14.500  6/22/2018    EUR    72.970
BNP Paribas Emissions- und    8.000 12/31/2018    EUR    70.370
BNP Paribas Emissions- und   10.000 12/31/2018    EUR    62.240
Vontobel Financial Product   10.500  6/22/2018    EUR    73.070
BNP Paribas Emissions- und    4.000 12/31/2018    EUR    60.930
BNP Paribas Emissions- und    6.000 12/31/2018    EUR    61.960
EFG International Finance     8.500  2/27/2019    USD    50.210
Bank Julius Baer & Co Ltd/    9.400 10/11/2018    USD    54.500
EFG International Finance     7.200 10/26/2020    USD    72.850
EFG International Finance    11.000 10/25/2018    CHF    40.960
Raiffeisen Centrobank AG      8.571 12/27/2019    EUR    20.570
Raiffeisen Centrobank AG      6.429 12/27/2019    EUR    16.020
UBS AG/London                12.500 10/11/2018    CHF    57.900
UBS AG/London                 7.000 10/12/2018    USD    53.300
Raiffeisen Switzerland BV    11.400  4/12/2019    CHF    66.880
Leonteq Securities AG/Guer   12.000  1/23/2019    CHF    70.860
HSBC Trinkaus & Burkhardt     4.300 12/28/2018    EUR    44.830
HSBC Trinkaus & Burkhardt     3.100 12/28/2018    EUR    51.810
HSBC Trinkaus & Burkhardt     6.200  6/28/2019    EUR    43.140
HSBC Trinkaus & Burkhardt     4.400  6/28/2019    EUR    49.290
HSBC Trinkaus & Burkhardt     3.700  6/28/2019    EUR    55.090
HSBC Trinkaus & Burkhardt     9.300  6/22/2018    EUR    71.310
HSBC Trinkaus & Burkhardt     6.900  6/22/2018    EUR    71.310
HSBC Trinkaus & Burkhardt     9.200  9/28/2018    EUR    38.940
Raiffeisen Schweiz Genosse   10.000 10/23/2018    CHF    73.060
Credit Suisse AG/London       8.000 10/22/2018    USD    57.240
Bank Julius Baer & Co Ltd/    9.250 10/12/2018    USD    54.900
BNP Paribas Emissions- und    7.000  9/27/2018    EUR    45.390
BNP Paribas Emissions- und   13.000  9/27/2018    EUR    38.290
BNP Paribas Emissions- und   15.000  9/27/2018    EUR    37.140
BNP Paribas Emissions- und    8.000 12/31/2018    EUR    44.010
BNP Paribas Emissions- und   10.000  9/27/2018    EUR    65.890
BNP Paribas Emissions- und   11.000  9/27/2018    EUR    64.910
BNP Paribas Emissions- und   12.000  9/27/2018    EUR    63.390
BNP Paribas Emissions- und   10.000  9/27/2018    EUR    70.160
BNP Paribas Emissions- und   16.000  9/27/2018    EUR    63.250
BNP Paribas Emissions- und    9.000 12/31/2018    EUR    72.150
BNP Paribas Emissions- und    4.500  9/27/2018    EUR    73.100
BNP Paribas Emissions- und    8.000  9/27/2018    EUR    68.710
BNP Paribas Emissions- und    9.500  9/27/2018    EUR    67.050
BNP Paribas Emissions- und   13.000  9/27/2018    EUR    71.810
BNP Paribas Emissions- und   10.000  9/27/2018    EUR    66.470
BNP Paribas Emissions- und   13.000  9/27/2018    EUR    62.320
BNP Paribas Emissions- und   16.000  9/27/2018    EUR    58.860
BNP Paribas Emissions- und    7.500 12/31/2018    EUR    73.170
BNP Paribas Emissions- und   14.000 12/31/2018    EUR    62.040
BNP Paribas Emissions- und    5.000 12/31/2018    EUR    73.360
BNP Paribas Emissions- und    5.500 12/31/2018    EUR    72.110
BNP Paribas Emissions- und    9.000 12/31/2018    EUR    68.420
BNP Paribas Emissions- und    9.500 12/31/2018    EUR    67.440
BNP Paribas Emissions- und   15.000  9/27/2018    EUR    73.400
BNP Paribas Emissions- und   12.000  9/27/2018    EUR    73.410
Commerzbank AG                3.000  7/27/2018    EUR    54.220
Commerzbank AG               17.750  7/27/2018    EUR    73.780
Commerzbank AG               16.750  8/24/2018    EUR    74.640
Zurcher Kantonalbank Finan    5.250 10/24/2018    CHF    60.490
DZ Bank AG Deutsche Zentra    8.250  6/22/2018    EUR    60.850
DZ Bank AG Deutsche Zentra    6.500  6/22/2018    EUR    60.830
DZ Bank AG Deutsche Zentra    6.500  9/28/2018    EUR    63.370
DZ Bank AG Deutsche Zentra    6.750   1/2/2019    EUR    69.230
DZ Bank AG Deutsche Zentra    7.300 10/24/2018    EUR    72.970
DZ Bank AG Deutsche Zentra   10.500   1/2/2019    EUR    72.490
DZ Bank AG Deutsche Zentra    5.500 10/26/2018    EUR     3.870
Credit Suisse AG/Nassau       8.000 10/25/2018    USD    66.260
UniCredit Bank AG            13.000   1/4/2019    EUR    73.960
UniCredit Bank AG            14.000   1/4/2019    EUR    73.170
UniCredit Bank AG            14.500  9/28/2018    EUR    62.910
UniCredit Bank AG            14.900   1/4/2019    EUR    65.490
UniCredit Bank AG            10.300  9/28/2018    EUR    69.450
UniCredit Bank AG            12.600  9/28/2018    EUR    66.560
UniCredit Bank AG            14.900  6/22/2018    EUR    74.240
UniCredit Bank AG            13.300   1/4/2019    EUR    72.280
UniCredit Bank AG            14.900   1/4/2019    EUR    72.350
UniCredit Bank AG            13.200  9/28/2018    EUR    71.950
UniCredit Bank AG            10.600   1/3/2020    EUR    72.230
UniCredit Bank AG            14.500  6/28/2019    EUR    65.860
UniCredit Bank AG            10.400  6/28/2019    EUR    71.500
UniCredit Bank AG            11.000   1/3/2020    EUR    75.340
UniCredit Bank AG            12.400   1/3/2020    EUR    74.580
UniCredit Bank AG            11.800   1/3/2020    EUR    67.540
UniCredit Bank AG             5.000   1/3/2020    EUR    10.550
UniCredit Bank AG             8.900  6/28/2019    EUR    74.850
UniCredit Bank AG            13.700   1/3/2020    EUR    68.670
UniCredit Bank AG            12.200   1/3/2020    EUR    71.900
UniCredit Bank AG            11.600   1/3/2020    EUR    48.070
UniCredit Bank AG             5.800   1/3/2020    EUR    51.760
UniCredit Bank AG             9.600   1/3/2020    EUR    72.240
UniCredit Bank AG             4.300   1/3/2020    EUR    55.010
UniCredit Bank AG            10.800  6/28/2019    EUR    73.010
UniCredit Bank AG             8.900  6/28/2019    EUR    72.230
UniCredit Bank AG            13.300  6/28/2019    EUR    70.160
UniCredit Bank AG            14.200  6/28/2019    EUR    63.480
UniCredit Bank AG             9.900   1/3/2020    EUR    48.250
UniCredit Bank AG            11.600   1/3/2020    EUR    70.560
UniCredit Bank AG             3.100   1/3/2020    EUR    59.960
UniCredit Bank AG            10.200   1/3/2020    EUR    69.430
UniCredit Bank AG             3.400  6/28/2019    EUR    59.770
UniCredit Bank AG             6.300  6/28/2019    EUR    49.670
UniCredit Bank AG            11.300  6/28/2019    EUR    44.620
UniCredit Bank AG             9.200  6/28/2019    EUR    45.930
UniCredit Bank AG             8.700  6/28/2019    EUR    75.060
UniCredit Bank AG            13.100  6/28/2019    EUR    71.760
UniCredit Bank AG            15.000  6/28/2019    EUR    70.560
UniCredit Bank AG            11.900  6/28/2019    EUR    65.560
UniCredit Bank AG             8.700  6/28/2019    EUR    70.530
UniCredit Bank AG            13.200  6/28/2019    EUR    15.390
Landesbank Baden-Wuerttemb    7.000 10/26/2018    EUR    72.430
Vontobel Financial Product    9.000  9/28/2018    EUR    38.860
Vontobel Financial Product   11.000  9/28/2018    EUR    37.540
Vontobel Financial Product   14.550   1/2/2019    EUR    72.390
Vontobel Financial Product   10.000   1/2/2019    EUR    70.290
Vontobel Financial Product   12.500   1/2/2019    EUR    67.440
Vontobel Financial Product    2.500   1/2/2019    EUR    50.750
Vontobel Financial Product    3.000   1/2/2019    EUR    47.940
Vontobel Financial Product    4.000   1/2/2019    EUR    45.440
Vontobel Financial Product    6.000   1/2/2019    EUR    42.770
Vontobel Financial Product    8.000   1/2/2019    EUR    40.680
Vontobel Financial Product    9.550   1/2/2019    EUR    39.650
Bank Julius Baer & Co Ltd/    5.950  1/24/2019    CHF    71.450
Leonteq Securities AG/Guer   10.000  1/30/2019    CHF    58.920
Raiffeisen Schweiz Genosse   10.250 10/30/2018    CHF    57.080
Vontobel Financial Product   14.000  9/28/2018    EUR    71.090
Vontobel Financial Product   10.550 10/26/2018    EUR    70.090
Vontobel Financial Product    8.000 10/26/2018    EUR    70.290
Zurcher Kantonalbank Finan    8.000 10/31/2019    CHF    60.640
Bank Julius Baer & Co Ltd/   10.000 10/24/2018    USD    57.900
BNP Paribas Emissions- und   15.000  9/27/2018    EUR    62.820
BNP Paribas Emissions- und   18.000  9/27/2018    EUR    59.360
BNP Paribas Emissions- und   13.000 12/31/2018    EUR    65.680
Zurcher Kantonalbank Finan    4.500  11/2/2018    CHF    55.040
Credit Suisse AG/London       5.150  12/7/2018    EUR    73.520
Commerzbank AG                1.000  11/2/2020    USD #N/A N/A
UBS AG/London                 7.300  6/22/2018    EUR    70.910
Leonteq Securities AG         9.000  3/27/2020    USD    56.900
HSBC Trinkaus & Burkhardt     8.000  6/22/2018    EUR    67.640
HSBC Trinkaus & Burkhardt     4.800  9/28/2018    EUR    72.570
HSBC Trinkaus & Burkhardt     8.000  6/22/2018    EUR    37.650
HSBC Trinkaus & Burkhardt     5.700  6/22/2018    EUR    42.850
HSBC Trinkaus & Burkhardt    12.000  6/22/2018    EUR    62.240
HSBC Trinkaus & Burkhardt     8.300  9/28/2018    EUR    70.650
HSBC Trinkaus & Burkhardt     7.700  6/22/2018    EUR    64.290
HSBC Trinkaus & Burkhardt     5.800  6/22/2018    EUR    67.860
HSBC Trinkaus & Burkhardt     5.200  6/22/2018    EUR    67.520
HSBC Trinkaus & Burkhardt     3.000  6/22/2018    EUR    74.220
HSBC Trinkaus & Burkhardt    11.700  6/22/2018    EUR    32.220
HSBC Trinkaus & Burkhardt    10.500  6/22/2018    EUR    33.600
Koncessii Teplosnabzheniya    9.250   4/6/2032    RUB    63.000
Vontobel Financial Product   11.500  6/22/2018    EUR    73.080
UniCredit Bank AG             5.200   5/4/2020    USD    54.020
Commerzbank AG               12.500  3/22/2019    EUR    69.640
Commerzbank AG               14.500  3/22/2019    EUR    67.530
Leonteq Securities AG/Guer   18.000   4/9/2019    USD    60.610
HSBC Trinkaus & Burkhardt     9.200  1/25/2019    EUR    70.280
Credit Suisse AG/London      11.900  3/31/2020    USD    10.130
Goldman Sachs & Co Wertpap   12.000 12/28/2018    EUR    72.990
Landesbank Hessen-Thuering    4.000  2/17/2021    EUR    67.340
DekaBank Deutsche Girozent    3.100  1/10/2020    EUR    65.530
Commerzbank AG               13.750 10/26/2018    EUR    67.380
Vontobel Financial Product    9.050   3/8/2019    EUR    71.040
Vontobel Financial Product   10.200   3/8/2019    EUR    59.480
EFG International Finance     7.400  9/13/2019    USD    60.910
Raiffeisen Schweiz Genosse    7.780  8/31/2018    USD    54.340
HSBC Trinkaus & Burkhardt     3.400  6/22/2018    EUR    57.060
HSBC Trinkaus & Burkhardt     8.700 12/28/2018    EUR    44.280
HSBC Trinkaus & Burkhardt     7.600 10/26/2018    EUR    44.850
Bank Julius Baer & Co Ltd/   11.500 10/10/2018    USD    54.400
HSBC Trinkaus & Burkhardt     6.300  3/22/2019    EUR    65.390
HSBC Trinkaus & Burkhardt     2.400  6/28/2019    EUR    73.270
UBS AG/London                 5.600  3/21/2019    EUR    71.610
UBS AG/London                 5.900   1/3/2019    EUR    70.850
BNP Paribas Emissions- und    8.000 12/31/2018    EUR    35.420
Leonteq Securities AG/Guer   10.200 10/24/2018    USD    52.660
Deutsche Bank AG              6.200  9/25/2018    EUR    74.100
UBS AG/London                 6.300  9/26/2019    EUR    73.900
Commerzbank AG               14.000  6/22/2018    EUR    38.450
Deutsche Bank AG              4.200  9/25/2018    EUR    71.100
Deutsche Bank AG              3.200  9/25/2018    EUR    66.100
Deutsche Bank AG              3.200 12/27/2018    EUR    71.400
BNP Paribas Emissions- und    3.500  9/27/2018    EUR    73.760
BNP Paribas Emissions- und    6.000 12/31/2018    EUR    34.390
Deutsche Bank AG              4.200 12/27/2018    EUR    67.300
UBS AG/London                 7.800  3/28/2019    EUR    69.110
Goldman Sachs & Co Wertpap   19.000  7/25/2018    EUR    70.750
Vontobel Financial Product   14.550  6/22/2018    EUR    72.880
Deutsche Bank AG              3.200 12/27/2018    EUR    64.600
UBS AG/London                12.900   1/3/2019    EUR    66.230
UBS AG/London                 5.900  3/28/2019    EUR    71.830
Deutsche Bank AG              4.200  9/25/2018    EUR    64.200
Commerzbank AG                5.000 12/21/2018    EUR    67.190
HSBC Trinkaus & Burkhardt     5.800  9/28/2018    EUR    48.020
BNP Paribas Emissions- und    7.400  7/26/2018    EUR    58.640
UBS AG/London                 6.400  6/27/2019    EUR    72.780
UBS AG/London                 9.200   1/3/2019    EUR    68.490
Zurcher Kantonalbank Finan    7.500   7/6/2018    CHF    54.640
Commerzbank AG               11.250 11/23/2018    EUR    70.500
HSBC Trinkaus & Burkhardt     3.000  6/22/2018    EUR    66.500
HSBC Trinkaus & Burkhardt    12.200  9/28/2018    EUR    38.090
HSBC Trinkaus & Burkhardt     7.400 12/28/2018    EUR    71.280
HSBC Trinkaus & Burkhardt     5.600  9/28/2018    EUR    67.180
DekaBank Deutsche Girozent    3.000  6/27/2018    EUR    32.760
Raiffeisen Centrobank AG      7.930 12/27/2019    EUR    73.250
Goldman Sachs & Co Wertpap   17.000  9/26/2018    EUR    71.220
Deutsche Bank AG              4.200 12/27/2018    EUR    65.100
Deutsche Bank AG              4.200 12/27/2018    EUR    71.900
BNP Paribas Emissions- und    9.500 12/31/2018    EUR    67.400
UBS AG/London                 8.000  6/22/2018    EUR    64.210
Landesbank Baden-Wuerttemb    4.000   1/4/2019    EUR    74.500
Landesbank Baden-Wuerttemb    5.000   1/4/2019    EUR    71.260
UniCredit Bank AG             6.900   1/4/2019    EUR    74.000
Landesbank Baden-Wuerttemb    3.000  2/22/2019    EUR    73.220
Landesbank Baden-Wuerttemb    4.000  2/22/2019    EUR    69.990
Deutsche Bank AG              5.200  7/25/2018    EUR    68.100
Vontobel Financial Product   10.000  3/27/2019    EUR    71.010
Deutsche Bank AG              5.200  7/25/2018    EUR    73.900
Deutsche Bank AG              5.200  7/25/2018    EUR    67.600
UBS AG/London                 7.700  6/22/2018    EUR    67.700
UniCredit Bank AG             8.400   1/4/2019    EUR    67.610
UniCredit Bank AG             7.700   1/4/2019    EUR    69.370
Vontobel Financial Product    6.000  9/28/2018    EUR    56.230
UBS AG/London                 8.300  6/22/2018    EUR    32.270
HSBC Trinkaus & Burkhardt     5.000  6/22/2018    EUR    60.340
Bank J Safra Sarasin AG/Gu   12.100   7/6/2018    CHF    52.010
BNP Paribas Emissions- und   10.000 12/31/2018    EUR    64.110
BNP Paribas Emissions- und    7.000 12/31/2018    EUR    74.040
Raiffeisen Schweiz Genosse    8.800   7/3/2018    CHF    60.900
BNP Paribas Emissions- und   12.000 12/31/2018    EUR    59.300
DZ Bank AG Deutsche Zentra    5.600  6/22/2018    EUR    68.410
HSBC Trinkaus & Burkhardt     6.500 12/28/2018    EUR    73.710
Raiffeisen Schweiz Genosse   10.000  10/3/2018    CHF    68.540
Vontobel Financial Product    5.500  6/22/2018    EUR    72.730
UBS AG/London                 6.900  6/22/2018    EUR    59.040
UBS AG/London                10.100  6/22/2018    EUR    64.140
Vontobel Financial Product    8.000  6/22/2018    EUR    71.330
Vontobel Financial Product    9.500  6/22/2018    EUR    67.230
Vontobel Financial Product   12.500  6/22/2018    EUR    59.460
UniCredit Bank AG            10.800  6/22/2018    EUR    63.240
Vontobel Financial Product    8.000  8/24/2018    EUR    62.410
Vontobel Financial Product    6.500  9/28/2018    EUR    69.260
Vontobel Financial Product   10.500  6/22/2018    EUR    61.650
Vontobel Financial Product    5.500  7/27/2018    EUR    73.420
UniCredit Bank AG             7.300   1/4/2019    EUR    70.500
Vontobel Financial Product    9.550   1/2/2019    EUR    64.020
UniCredit Bank AG             8.400   1/4/2019    EUR    47.920
UniCredit Bank AG            10.500   1/4/2019    EUR    68.950
UniCredit Bank AG            11.800   1/4/2019    EUR    66.590
Goldman Sachs & Co Wertpap   10.000  3/20/2019    EUR    63.130
UniCredit Bank AG             9.400  6/22/2018    EUR    66.080
Landesbank Hessen-Thuering    3.300  7/13/2018    EUR    67.700
UniCredit Bank AG             8.100  6/22/2018    EUR    69.200
BNP Paribas Emissions- und    7.000  9/27/2018    EUR    69.520
BNP Paribas Emissions- und    8.000  9/27/2018    EUR    65.280
BNP Paribas Emissions- und    7.000 12/31/2018    EUR    70.720
BNP Paribas Emissions- und    6.000  9/27/2018    EUR    71.990
BNP Paribas Emissions- und    6.500  9/27/2018    EUR    70.600
Vontobel Financial Product    6.000  9/28/2018    EUR    71.630
Vontobel Financial Product    7.500  9/28/2018    EUR    67.190
Vontobel Financial Product    7.000  7/27/2018    EUR    68.340
Vontobel Financial Product    9.000  7/27/2018    EUR    63.990
UniCredit Bank AG             6.800   1/4/2019    EUR    71.060
UniCredit Bank AG            10.100   1/4/2019    EUR    69.250
DZ Bank AG Deutsche Zentra    7.750  7/27/2018    EUR    42.390
Goldman Sachs & Co Wertpap   16.000  9/26/2018    EUR    70.910
Vontobel Financial Product    5.500  6/22/2018    EUR    73.470
UniCredit Bank AG            12.200   1/4/2019    EUR    60.720
UniCredit Bank AG            11.400   1/4/2019    EUR    61.860
UniCredit Bank AG            12.200   1/4/2019    EUR    65.550
DZ Bank AG Deutsche Zentra    8.250  9/28/2018    EUR    56.740
Vontobel Financial Product   14.500  6/22/2018    EUR    66.700
Vontobel Financial Product   10.500  9/28/2018    EUR    61.800
Vontobel Financial Product   11.500  7/27/2018    EUR    60.250
Vontobel Financial Product    6.500  6/22/2018    EUR    70.750
UniCredit Bank AG             9.000   1/4/2019    EUR    66.020
Goldman Sachs & Co Wertpap    6.000 12/28/2018    EUR    73.200
Goldman Sachs & Co Wertpap    7.000  3/20/2019    EUR    71.160
Bank Julius Baer & Co Ltd/    9.400  7/27/2018    EUR    69.900
Landesbank Baden-Wuerttemb    7.000  6/28/2019    EUR    73.250
UniCredit Bank AG             8.200   1/4/2019    EUR    73.810
Vontobel Financial Product    8.500  9/28/2018    EUR    65.260
Vontobel Financial Product   11.500  9/28/2018    EUR    60.280
Vontobel Financial Product   12.500  9/28/2018    EUR    58.870
Vontobel Financial Product    9.500  6/22/2018    EUR    63.700
Vontobel Financial Product   13.500  6/22/2018    EUR    57.940
UniCredit Bank AG             8.600   1/4/2019    EUR    68.310
Vontobel Financial Product    8.000   1/2/2019    EUR    67.120
UniCredit Bank AG             6.000   1/4/2019    EUR    52.680
UniCredit Bank AG             8.400   1/4/2019    EUR    71.110
DZ Bank AG Deutsche Zentra    5.250  9/28/2018    EUR    68.320
UniCredit Bank AG             9.200   1/4/2019    EUR    71.420
UniCredit Bank AG            12.400  6/22/2018    EUR    60.640
UniCredit Bank AG            14.000  6/22/2018    EUR    58.250
Landesbank Baden-Wuerttemb    2.000  6/28/2019    EUR    72.840
Landesbank Baden-Wuerttemb    4.000  6/28/2019    EUR    66.250
UBS AG/London                 9.400  6/22/2018    EUR    53.300
DZ Bank AG Deutsche Zentra    8.250  9/28/2018    EUR    54.900
Zurcher Kantonalbank Finan    3.000  7/22/2019    CHF    54.920
Deutsche Bank AG              7.200 12/27/2018    EUR    65.300
Deutsche Bank AG              5.200  9/25/2018    EUR    64.400
Deutsche Bank AG              5.200  7/25/2018    EUR    73.900
DZ Bank AG Deutsche Zentra    8.500  6/22/2018    EUR    61.830
Commerzbank AG               17.250  8/24/2018    EUR    70.930
Deutsche Bank AG              5.200  9/25/2018    EUR    67.700
Deutsche Bank AG              5.200 12/27/2018    EUR    68.500
Commerzbank AG               14.250  8/24/2018    EUR    69.020
Commerzbank AG               10.750  9/28/2018    EUR    72.290
Commerzbank AG               13.000 11/23/2018    EUR    70.630
DZ Bank AG Deutsche Zentra    4.750  9/24/2018    EUR    54.820
Commerzbank AG               16.250  8/24/2018    EUR    67.740
Commerzbank AG               14.750  9/28/2018    EUR    68.990
Vontobel Financial Product    9.000  6/22/2018    EUR    67.470
Vontobel Financial Product    3.000   1/2/2019    EUR    56.690
Vontobel Financial Product    4.000  6/22/2018    EUR    55.010
Vontobel Financial Product    9.500  6/22/2018    EUR    44.040
Vontobel Financial Product   14.500  6/22/2018    EUR    38.520
Zurcher Kantonalbank Finan    6.000  1/17/2019    USD    54.290
DZ Bank AG Deutsche Zentra    6.100  9/24/2018    EUR    61.590
Vontobel Financial Product    7.500  9/28/2018    EUR    68.380
Vontobel Financial Product    7.000  6/22/2018    EUR    70.520
DZ Bank AG Deutsche Zentra    5.750  6/22/2018    EUR    70.540
DZ Bank AG Deutsche Zentra    8.500  6/22/2018    EUR    70.700
DZ Bank AG Deutsche Zentra    9.500  6/22/2018    EUR    41.360
DZ Bank AG Deutsche Zentra    6.250  9/24/2018    EUR    71.850
Vontobel Financial Product   10.500  9/28/2018    EUR    63.600
Zurcher Kantonalbank Finan    6.750  8/20/2018    USD    45.350
Leonteq Securities AG/Guer    7.000  6/19/2019    USD    52.170
Commerzbank AG               14.750  8/24/2018    EUR    69.910
Vontobel Financial Product    7.000  7/27/2018    EUR    59.680
Vontobel Financial Product    5.500  9/28/2018    EUR    47.700
Vontobel Financial Product    8.500   1/2/2019    EUR    44.070
Vontobel Financial Product    6.500  6/22/2018    EUR    48.140
Vontobel Financial Product   12.500  6/22/2018    EUR    40.530
Vontobel Financial Product   11.000  2/22/2019    EUR    74.020
DZ Bank AG Deutsche Zentra   10.250  6/22/2018    EUR    55.100
Commerzbank AG               12.750  9/28/2018    EUR    70.470
Commerzbank AG               11.750 10/26/2018    EUR    71.520
Commerzbank AG               11.000 11/23/2018    EUR    72.370
Commerzbank AG               12.250  8/24/2018    EUR    70.790
Commerzbank AG               13.750 10/26/2018    EUR    69.910
Vontobel Financial Product    9.000  6/22/2018    EUR    61.970
Vontobel Financial Product   13.500  6/22/2018    EUR    59.200
DZ Bank AG Deutsche Zentra    8.750  6/22/2018    EUR    62.780
Vontobel Financial Product    5.500   1/2/2019    EUR    49.040
Vontobel Financial Product   15.500   1/2/2019    EUR    38.860
Vontobel Financial Product    2.500  6/22/2018    EUR    61.600
DZ Bank AG Deutsche Zentra    8.500  9/28/2018    EUR    58.750
DZ Bank AG Deutsche Zentra   11.000  6/22/2018    EUR    63.730
Vontobel Financial Product   11.000  7/27/2018    EUR    58.130
Vontobel Financial Product    5.000  6/22/2018    EUR    51.340
Vontobel Financial Product    2.550  9/28/2018    EUR    56.000
DZ Bank AG Deutsche Zentra    6.750  7/27/2018    EUR    71.420
Vontobel Financial Product    9.000  9/28/2018    EUR    42.000
DZ Bank AG Deutsche Zentra   11.750  6/22/2018    EUR    73.530
DZ Bank AG Deutsche Zentra   11.000  7/27/2018    EUR    64.690
Commerzbank AG                7.500  6/22/2018    EUR    63.310
EFG International Finance     7.400  6/28/2019    USD    52.720
DZ Bank AG Deutsche Zentra    5.900  9/24/2018    EUR    68.980
Bank J Safra Sarasin AG/Gu   11.000  7/10/2018    CHF    72.010
UniCredit Bank AG             7.100   1/4/2019    EUR    50.050
HSBC Trinkaus & Burkhardt    13.100 12/28/2018    EUR    71.760
UniCredit Bank AG            10.000   1/4/2019    EUR    65.900
Vontobel Financial Product   10.000  6/22/2018    EUR    61.430
UniCredit Bank AG             8.400   1/4/2019    EUR    68.320
UniCredit Bank AG             5.300   1/4/2019    EUR    74.260
BNP Paribas Emissions- und    7.500 12/31/2018    EUR    68.950
Vontobel Financial Product    8.000   8/7/2019    EUR    72.870
Landesbank Baden-Wuerttemb    4.500   1/4/2019    EUR    71.740
UniCredit Bank AG            10.900   1/4/2019    EUR    64.890
BNP Paribas Emissions- und    5.500  9/27/2018    EUR    73.460
UBS AG/London                 9.500  7/26/2018    EUR    59.350
UniCredit Bank AG             6.400   1/4/2019    EUR    73.350
UniCredit Bank AG             9.800   1/4/2019    EUR    64.480
UniCredit Bank AG            10.900   1/4/2019    EUR    64.050
UniCredit Bank AG            12.100   1/4/2019    EUR    73.720
UniCredit Bank AG            10.000   1/4/2019    EUR    63.280
BNP Paribas Emissions- und    9.000  9/27/2018    EUR    65.740
BNP Paribas Emissions- und   10.000  9/27/2018    EUR    61.860
Raiffeisen Centrobank AG      5.470  6/25/2019    EUR    71.010
HSBC Trinkaus & Burkhardt    16.800  9/28/2018    EUR    67.470
UniCredit Bank AG            10.800   1/4/2019    EUR    75.260
UniCredit Bank AG             9.200   1/4/2019    EUR    67.060
Vontobel Financial Product   11.000  6/22/2018    EUR    56.400
UniCredit Bank AG             7.200   1/4/2019    EUR    68.300
BNP Paribas Emissions- und   13.000 12/31/2018    EUR    41.710
UniCredit Bank AG            11.200   1/4/2019    EUR    67.340
Raiffeisen Centrobank AG      8.329  6/25/2019    EUR    18.310
BNP Paribas Emissions- und    8.500  9/27/2018    EUR    66.910
UniCredit Bank AG             7.300   1/4/2019    EUR    76.380
Vontobel Financial Product    9.500  9/28/2018    EUR    63.470
Vontobel Financial Product    8.500  6/22/2018    EUR    65.890
Vontobel Financial Product   13.000   1/2/2019    EUR    59.250
Vontobel Financial Product    6.500   1/2/2019    EUR    70.750
UniCredit Bank AG            11.500   1/4/2019    EUR    64.770
UniCredit Bank AG            10.600   1/4/2019    EUR    63.110
UniCredit Bank AG            11.600   1/4/2019    EUR    66.460
UniCredit Bank AG             6.000   1/4/2019    EUR    72.580
UniCredit Bank AG            11.800   1/4/2019    EUR    63.930
DZ Bank AG Deutsche Zentra    5.000  7/27/2018    EUR    64.630
DZ Bank AG Deutsche Zentra    5.250  7/27/2018    EUR     2.010
UniCredit Bank AG            10.000   1/4/2019    EUR    68.630
UniCredit Bank AG             4.900   1/4/2019    EUR    55.750
UniCredit Bank AG             9.800   1/4/2019    EUR    46.150
UniCredit Bank AG             7.500   1/4/2019    EUR    69.590
BNP Paribas Emissions- und    9.000 12/31/2018    EUR    71.940
BNP Paribas Emissions- und    8.000 12/31/2018    EUR    67.250
Raiffeisen Centrobank AG      6.837  6/25/2019    EUR    14.960
Raiffeisen Centrobank AG      8.826  6/25/2019    EUR    18.830
BNP Paribas Emissions- und    9.500  9/27/2018    EUR    71.590
Commerzbank AG               18.250  9/28/2018    EUR    70.230
UniCredit Bank AG             7.000   1/4/2019    EUR    71.260
Landesbank Baden-Wuerttemb    7.500   1/4/2019    EUR    73.990
DZ Bank AG Deutsche Zentra    8.500  7/27/2018    EUR    67.890
UniCredit Bank AG             5.500   1/4/2019    EUR    70.980
BNP Paribas Emissions- und   10.000 12/31/2018    EUR    65.930
Vontobel Financial Product   15.000  6/22/2018    EUR    66.970
Vontobel Financial Product   12.000  6/22/2018    EUR    59.680
Vontobel Financial Product   15.050  6/22/2018    EUR    56.250
Vontobel Financial Product    7.500  6/22/2018    EUR    68.230
Vontobel Financial Product   14.000  7/27/2018    EUR    56.970
UniCredit Bank AG             6.000   1/4/2019    EUR    72.950
UniCredit Bank AG            10.100   1/4/2019    EUR    66.460
Vontobel Financial Product   11.000   1/2/2019    EUR    61.300
DZ Bank AG Deutsche Zentra    6.000  9/28/2018    EUR    71.730
DZ Bank AG Deutsche Zentra    8.750  6/22/2018    EUR    56.040
DZ Bank AG Deutsche Zentra    6.250  9/28/2018    EUR    64.170
UniCredit Bank AG            11.200   1/4/2019    EUR    44.620
Vontobel Financial Product    7.550  6/22/2018    EUR    57.720
DZ Bank AG Deutsche Zentra    5.000  7/27/2018    EUR     1.960
HSBC Trinkaus & Burkhardt     4.500 12/28/2018    EUR    59.910
HSBC Trinkaus & Burkhardt     4.500 12/28/2018    EUR    59.700
BNP Paribas Emissions- und   12.000  9/27/2018    EUR    70.910
BNP Paribas Emissions- und   12.000  9/27/2018    EUR    62.370
BNP Paribas Emissions- und    8.000 12/31/2018    EUR    71.620
BNP Paribas Emissions- und    9.000 12/31/2018    EUR    67.770
UBS AG/London                 6.500  7/19/2018    EUR    72.300
BNP Paribas Emissions- und    7.000  9/27/2018    EUR    65.240
BNP Paribas Emissions- und    8.000  9/27/2018    EUR    42.070
Raiffeisen Centrobank AG     10.573 12/28/2018    EUR    68.860
BNP Paribas Emissions- und   10.000  9/27/2018    EUR    65.790
BNP Paribas Emissions- und    6.000  9/27/2018    EUR    68.750
BNP Paribas Emissions- und   12.000  9/27/2018    EUR    36.500
Raiffeisen Centrobank AG     12.454 12/28/2018    EUR    66.600
BNP Paribas Emissions- und    5.000 12/31/2018    EUR    70.970
HSBC Trinkaus & Burkhardt     7.300  6/22/2018    EUR    64.780
HSBC Trinkaus & Burkhardt    11.000  6/22/2018    EUR    60.770
HSBC Trinkaus & Burkhardt     7.900 12/28/2018    EUR    63.000
Vontobel Financial Product    6.500   1/2/2019    EUR    72.480
Bank Julius Baer & Co Ltd/    6.450  7/13/2018    USD    59.500
Landesbank Baden-Wuerttemb    4.550 11/23/2018    EUR    63.660
BNP Paribas Emissions- und    8.500 12/31/2018    EUR    69.840
BNP Paribas Emissions- und    7.000  9/27/2018    EUR    65.030
BNP Paribas Emissions- und    6.000  9/27/2018    EUR    68.530
BNP Paribas Emissions- und    6.000 12/31/2018    EUR    69.660
DZ Bank AG Deutsche Zentra    5.200  9/28/2018    EUR    71.980
Vontobel Financial Product    9.500  9/28/2018    EUR    57.130
Vontobel Financial Product    4.500  6/22/2018    EUR    57.700
BNP Paribas Emissions- und   11.000  9/27/2018    EUR    58.630
BNP Paribas Emissions- und    9.000 12/31/2018    EUR    71.210
DZ Bank AG Deutsche Zentra    6.500  9/24/2018    EUR    58.090
HSBC Trinkaus & Burkhardt     6.200 12/28/2018    EUR    69.840
Leonteq Securities AG/Guer   18.000   2/4/2019    CHF    61.870
BNP Paribas Emissions- und    7.500 12/31/2018    EUR    66.020
BNP Paribas Emissions- und   10.000  9/27/2018    EUR    42.560
Landesbank Hessen-Thuering    5.000  2/11/2019    EUR    72.700
UBS AG/London                16.400  6/28/2018    EUR    56.820
Bank Julius Baer & Co Ltd/    9.100   8/6/2018    USD    47.350
BNP Paribas Emissions- und    8.000 12/31/2018    EUR    71.430
BNP Paribas Emissions- und    6.000 12/31/2018    EUR    70.510
BNP Paribas Emissions- und   12.000  9/27/2018    EUR    39.960
UBS AG/London                 4.300  9/27/2018    EUR    70.550
BNP Paribas Emissions- und    6.500 12/31/2018    EUR    68.610
HSBC Trinkaus & Burkhardt     8.900  6/22/2018    EUR    66.200
BNP Paribas Emissions- und    5.000  9/27/2018    EUR    70.190
Commerzbank AG                4.000   7/6/2018    EUR    29.980
BNP Paribas Emissions- und    9.000  9/27/2018    EUR    69.510
BNP Paribas Emissions- und    5.500  9/27/2018    EUR    71.620
BNP Paribas Emissions- und    8.000 12/31/2018    EUR    66.460
BNP Paribas Emissions- und    8.500 12/31/2018    EUR    66.430
BNP Paribas Emissions- und   11.000 12/31/2018    EUR    61.580
HSBC Trinkaus & Burkhardt     8.300  6/22/2018    EUR    60.810
BNP Paribas Emissions- und    9.000  9/27/2018    EUR    61.600
BNP Paribas Emissions- und    6.000 12/31/2018    EUR    70.630
BNP Paribas Emissions- und    7.000 12/31/2018    EUR    66.750
BNP Paribas Emissions- und    7.500 12/31/2018    EUR    69.330
DZ Bank AG Deutsche Zentra    8.750  6/22/2018    EUR    58.070
DZ Bank AG Deutsche Zentra    6.400  9/24/2018    EUR    70.800
Landesbank Baden-Wuerttemb    6.000  7/27/2018    EUR    68.100
Landesbank Baden-Wuerttemb    4.000  7/27/2018    EUR    65.970
DZ Bank AG Deutsche Zentra    7.500  9/24/2018    EUR    71.780
Vontobel Financial Product   10.500  7/27/2018    EUR    57.270
Vontobel Financial Product    9.750  9/14/2018    EUR    71.510
Landesbank Hessen-Thuering    2.250  7/13/2020    EUR    66.600
Vontobel Financial Product   10.350  9/14/2018    EUR    74.920
Vontobel Financial Product    6.750  9/14/2018    EUR    53.950
Credit Suisse AG/Nassau       7.000  9/24/2018    EUR    66.200
Vontobel Financial Product    7.050   1/2/2019    EUR    70.940
Vontobel Financial Product    8.000  9/28/2018    EUR    69.460
Vontobel Financial Product    9.000  9/28/2018    EUR    69.720
BNP Paribas Emissions- und    7.000  9/27/2018    EUR    68.450
BNP Paribas Emissions- und   13.000  9/27/2018    EUR    61.970
BNP Paribas Emissions- und   10.000  9/27/2018    EUR    60.260
Vontobel Financial Product    4.850  9/14/2018    EUR    70.690
BNP Paribas Emissions- und    9.000 12/31/2018    EUR    63.590
BNP Paribas Emissions- und    6.500  9/27/2018    EUR    66.400
BNP Paribas Emissions- und    9.000  9/27/2018    EUR    39.200
Deutsche Bank AG              5.200  9/25/2018    EUR    64.500
Deutsche Bank AG              5.200  9/25/2018    EUR    69.600
Landesbank Baden-Wuerttemb    6.000  7/27/2018    EUR    63.610
BNP Paribas Emissions- und    8.500  9/27/2018    EUR    64.110
Deutsche Bank AG              5.200  9/25/2018    EUR    74.000
BNP Paribas Emissions- und   12.000  9/27/2018    EUR    71.480
UBS AG/London                 8.500  7/19/2018    CHF    57.250
Raiffeisen Centrobank AG     11.676 12/28/2018    EUR    67.880
Vontobel Financial Product   10.000  6/22/2018    EUR    72.530
Vontobel Financial Product    5.500  9/28/2018    EUR    68.820
Vontobel Financial Product    6.550  9/28/2018    EUR    69.090
BNP Paribas Emissions- und   10.000  9/27/2018    EUR    63.660
Vontobel Financial Product    9.000  8/24/2018    EUR    69.920
BNP Paribas Emissions- und   10.000  9/27/2018    EUR    65.130
Commerzbank AG               14.250  8/24/2018    EUR    73.660
Commerzbank AG               15.750  9/28/2018    EUR    72.510
Commerzbank AG               20.000  9/28/2018    EUR    67.100
Landesbank Baden-Wuerttemb    6.000  7/27/2018    EUR    66.930
Landesbank Baden-Wuerttemb    2.000  7/27/2018    EUR    71.600
DZ Bank AG Deutsche Zentra    9.000  6/22/2018    EUR    71.460
Vontobel Financial Product    6.450  9/14/2018    EUR    67.880
Commerzbank AG               15.000 10/26/2018    EUR    73.490
Credit Suisse AG/London       8.540   1/7/2020    USD     9.982
Deutsche Bank AG              7.200  9/25/2018    EUR    63.600
Deutsche Bank AG              5.200  9/25/2018    EUR    68.900
Vontobel Financial Product    6.550  9/28/2018    EUR    73.930
Commerzbank AG               10.000   3/2/2020    EUR    71.690
BNP Paribas Emissions- und    6.500  9/27/2018    EUR    67.030
EFG International Finance     8.000   3/9/2020    USD    56.840
Vontobel Financial Product    7.500  6/22/2018    EUR    56.680
Vontobel Financial Product    9.500  6/22/2018    EUR    56.730
Vontobel Financial Product    6.000  7/27/2018    EUR    66.840
MultiBotSystems Investment   10.250  7/14/2023    RUB   100.050
Vontobel Financial Product    3.550  9/28/2018    EUR    73.140
Vontobel Financial Product    6.000  1/18/2019    EUR    60.370
Vontobel Financial Product    4.000  9/28/2018    EUR    55.720
Vontobel Financial Product   10.550  7/27/2018    EUR    62.920
Vontobel Financial Product    5.550  6/22/2018    EUR    56.670
Vontobel Financial Product   10.550  7/27/2018    EUR    40.570
UBS AG/London                 6.000  9/27/2018    EUR    69.310
DekaBank Deutsche Girozent    3.000  6/21/2021    EUR    66.480
UBS AG/London                14.400   1/3/2019    EUR    65.100
Deutsche Bank AG              3.200  9/25/2018    EUR    68.400
Deutsche Bank AG              4.200 12/27/2018    EUR    69.500
Credit Suisse AG/London       7.000  10/9/2018    USD    74.050
Vontobel Financial Product   13.000  6/22/2018    EUR    56.350
Deutsche Bank AG              6.200 12/27/2018    EUR    69.000
Deutsche Bank AG              6.200  9/25/2018    EUR    73.000
Deutsche Bank AG              4.200  9/25/2018    EUR    66.300
Deutsche Bank AG              3.200 12/27/2018    EUR    69.000
HSBC Trinkaus & Burkhardt    10.700  9/28/2018    EUR    39.530
HSBC Trinkaus & Burkhardt     9.700  7/27/2018    EUR    39.640
HSBC Trinkaus & Burkhardt     6.700  9/28/2018    EUR    66.700
HSBC Trinkaus & Burkhardt     4.800  9/28/2018    EUR    69.940
Citigroup Global Markets F    7.000  6/16/2022    SEK    51.330
Bank Julius Baer & Co Ltd/    5.600   7/6/2018    EUR    66.250
HSBC Trinkaus & Burkhardt     8.100  9/28/2018    EUR    43.170
HSBC Trinkaus & Burkhardt    10.300  9/28/2018    EUR    63.920
Deutsche Bank AG              5.200  9/25/2018    EUR    72.700
Goldman Sachs & Co Wertpap   18.000  7/25/2018    EUR    67.500
Deutsche Bank AG              6.200 12/27/2018    EUR    74.300
Commerzbank AG               12.250   1/2/2019    EUR    71.570
Commerzbank AG               16.250  8/24/2018    EUR    71.140
HSBC Trinkaus & Burkhardt     8.300  9/28/2018    EUR    73.350
Vontobel Financial Product   10.000  6/22/2018    EUR    62.990
Deutsche Bank AG              6.200  9/25/2018    EUR    68.000
Deutsche Bank AG              3.200  9/25/2018    EUR    70.900
Deutsche Bank AG              4.200  9/25/2018    EUR    68.700
Deutsche Bank AG              3.200  9/25/2018    EUR    63.900
Deutsche Bank AG              3.200 12/27/2018    EUR    66.700
Vontobel Financial Product   11.500  6/22/2018    EUR    59.460
Goldman Sachs & Co Wertpap   14.000  7/25/2018    EUR    72.560
Goldman Sachs & Co Wertpap   17.000  8/22/2018    EUR    68.630
Goldman Sachs & Co Wertpap   20.000  7/25/2018    EUR    70.880
Commerzbank AG               11.750  1/25/2019    EUR    71.880
Deutsche Bank AG              6.200  9/25/2018    EUR    53.000
HSBC Trinkaus & Burkhardt     8.500  9/28/2018    EUR    67.660
BNP Paribas Emissions- und    6.000 12/31/2018    EUR    65.010
Deutsche Bank AG              5.200 12/27/2018    EUR    73.800
Deutsche Bank AG              5.200  9/25/2018    EUR    52.700
BNP Paribas Emissions- und    5.000 12/31/2018    EUR    64.680
Goldman Sachs & Co Wertpap   16.000  9/26/2018    EUR    69.890
Goldman Sachs & Co Wertpap   15.000 12/28/2018    EUR    74.610
Goldman Sachs & Co Wertpap   14.000 12/28/2018    EUR    72.930
Vontobel Financial Product    1.650  9/14/2018    EUR    74.040
DZ Bank AG Deutsche Zentra   13.750  8/22/2018    EUR    68.820
Vontobel Financial Product   11.800  9/14/2018    EUR    74.240
UBS AG/London                 6.500   1/7/2019    CHF    50.700
Commerzbank AG               18.750   1/2/2019    EUR    71.140
DZ Bank AG Deutsche Zentra   11.000  6/22/2018    EUR    60.040
Raiffeisen Centrobank AG      7.536 12/28/2018    EUR    54.720
Deutsche Bank AG              5.200 12/27/2018    EUR    70.300
Zurcher Kantonalbank Finan    5.750  7/27/2018    CHF    61.570
Credit Suisse AG/London       8.250  7/26/2018    USD    50.060
Bank Julius Baer & Co Ltd/    6.600  7/27/2018    USD    63.600
UniCredit Bank AG             5.800  6/22/2018    EUR    69.130
Vontobel Financial Product    6.200  9/14/2018    EUR    75.850
Vontobel Financial Product    8.000  6/22/2018    EUR    71.000
Commerzbank AG               24.250  8/24/2018    EUR    64.870
Deutsche Bank AG              5.200  9/25/2018    EUR    71.400
Deutsche Bank AG              5.200  7/25/2018    EUR    68.100
Deutsche Bank AG              5.200  7/25/2018    EUR    63.600
Deutsche Bank AG              5.200  9/25/2018    EUR    68.900
Deutsche Bank AG              5.200 12/27/2018    EUR    65.700
Raiffeisen Schweiz Genosse    9.200  2/12/2019    CHF    69.510
DZ Bank AG Deutsche Zentra    5.000  9/24/2018    EUR    69.270
Vontobel Financial Product   10.500  6/22/2018    EUR    59.910
EFG International Finance     6.000   8/3/2020    USD    61.800
Commerzbank AG               15.250  8/24/2018    EUR    71.930
Commerzbank AG               17.250  8/24/2018    EUR    70.370
Commerzbank AG               14.750  9/28/2018    EUR    72.710
Commerzbank AG               14.000 10/26/2018    EUR    73.630
Vontobel Financial Product   13.000  6/22/2018    EUR    74.410
Deutsche Bank AG              5.200  7/25/2018    EUR    70.600
Commerzbank AG               17.000  8/24/2018    EUR    71.320
Commerzbank AG               15.500  9/28/2018    EUR    72.530
Deutsche Bank AG              5.200  9/25/2018    EUR    68.400
Vontobel Financial Product    9.000  7/27/2018    EUR    69.650
Landesbank Baden-Wuerttemb    8.000  7/27/2018    EUR    63.760
Landesbank Baden-Wuerttemb    4.500  7/27/2018    EUR    68.000
Vontobel Financial Product    5.500   1/2/2019    EUR    70.130
DZ Bank AG Deutsche Zentra    7.750  9/28/2018    EUR    68.300
DZ Bank AG Deutsche Zentra    7.400  9/24/2018    EUR    65.800
Vontobel Financial Product    7.800  9/14/2018    EUR    74.100
Vontobel Financial Product    9.500  6/22/2018    EUR    69.110
Vontobel Financial Product    6.000  6/22/2018    EUR    74.020
UniCredit Bank AG             4.000  6/22/2018    EUR    61.490
UniCredit Bank AG             3.500  6/22/2018    EUR    64.060
Vontobel Financial Product    5.800  9/14/2018    EUR    68.520
Vontobel Financial Product   10.300  9/14/2018    EUR    54.720
Vontobel Financial Product    8.600  9/14/2018    EUR    54.350
UniCredit Bank AG            12.900  6/22/2018    EUR    70.610
UniCredit Bank AG            14.400  6/22/2018    EUR    68.780
Zurcher Kantonalbank Finan    9.500  7/13/2018    CHF    65.910
Landesbank Baden-Wuerttemb    3.000 10/26/2018    EUR    72.520
Commerzbank AG               11.250  1/25/2019    EUR    67.880
Commerzbank AG               14.750  2/22/2019    EUR    64.470
Commerzbank AG               16.750  2/22/2019    EUR    62.850
Leonteq Securities AG/Guer   11.800 12/21/2018    USD    66.950
Vontobel Financial Product   10.500  9/28/2018    EUR    70.540
Deutsche Bank AG              6.200  9/24/2019    EUR    73.000
Deutsche Bank AG              6.200 12/27/2018    EUR    72.700
Deutsche Bank AG              6.200 12/27/2018    EUR    70.200
Deutsche Bank AG              4.200  3/19/2019    EUR    72.200
Bank Julius Baer & Co Ltd/    5.500  9/26/2018    CHF    57.150
DZ Bank AG Deutsche Zentra   10.750  9/28/2018    EUR    49.920
Commerzbank AG                9.250  1/25/2019    EUR    71.310
Commerzbank AG               13.250  1/25/2019    EUR    65.380
Deutsche Bank AG              4.200  9/24/2019    EUR    72.700
Deutsche Bank AG              4.200  3/19/2019    EUR    69.800
Deutsche Bank AG              4.200  6/25/2019    EUR    72.200
HSBC Trinkaus & Burkhardt     7.600  8/24/2018    EUR    40.030
BNP Paribas Emissions- und    8.000  9/27/2018    EUR    69.030
BNP Paribas Emissions- und   10.000 12/31/2018    EUR    67.480
BNP Paribas Emissions- und   16.000  9/27/2018    EUR    67.290
BNP Paribas Emissions- und    9.000  9/27/2018    EUR    72.770
BNP Paribas Emissions- und   10.000  9/27/2018    EUR    37.640
BNP Paribas Emissions- und    6.000 12/31/2018    EUR    42.990
BNP Paribas Emissions- und   12.000  9/27/2018    EUR    69.810
Commerzbank AG                7.750  7/27/2018    EUR    45.640
Commerzbank AG                9.750  7/27/2018    EUR    42.170
DZ Bank AG Deutsche Zentra    7.000  6/22/2018    EUR    73.090
Vontobel Financial Product   13.900  9/14/2018    EUR    74.850
Credit Suisse AG/London       7.000  11/8/2018    USD    51.890
Vontobel Financial Product    6.000  6/22/2018    EUR    60.750
Goldman Sachs & Co Wertpap   19.000  1/23/2019    EUR    68.210
Goldman Sachs & Co Wertpap   23.000 12/28/2018    EUR    67.020
EFG International Finance     5.500  9/21/2020    USD    67.800
UBS AG/London                22.700  9/27/2018    EUR    58.850
UBS AG/London                16.100  9/27/2018    EUR    63.620
DZ Bank AG Deutsche Zentra    9.750  9/28/2018    EUR    73.050
Vontobel Financial Product   10.650   3/8/2019    EUR    66.290
Commerzbank AG               11.250  6/22/2018    EUR    40.310
DZ Bank AG Deutsche Zentra    8.000  9/26/2018    EUR    73.170
Zurcher Kantonalbank Finan    6.250  9/21/2018    CHF    58.610
Leonteq Securities AG/Guer    7.600  9/18/2019    USD    64.100
Raiffeisen Schweiz Genosse    6.750  3/15/2019    CHF    62.670
Vontobel Financial Product    9.750   3/8/2019    EUR    72.170
Raiffeisen Schweiz Genosse    4.000  7/24/2019    CHF    71.550
Vontobel Financial Product    6.700   3/8/2019    EUR    61.420
Commerzbank AG               13.250  6/22/2018    EUR    38.480
Raiffeisen Schweiz Genosse    8.990  7/22/2019    EUR    21.670
DZ Bank AG Deutsche Zentra    6.750 12/28/2018    EUR    74.120
Deutsche Bank AG              4.200 12/24/2019    EUR    73.200
Citigroup Global Markets F    5.600  9/15/2022    SEK    63.290
Commerzbank AG               10.250  7/27/2018    EUR    70.500
Commerzbank AG               12.250  7/27/2018    EUR    67.830
Commerzbank AG               11.750  8/24/2018    EUR    68.720
Vontobel Financial Product   13.050   3/8/2019    EUR    70.010
Vontobel Financial Product    8.750  9/28/2018    EUR    70.390
Goldman Sachs & Co Wertpap    7.000  6/26/2019    EUR    74.130
Goldman Sachs & Co Wertpap    7.000 10/24/2018    EUR    71.310
Landesbank Baden-Wuerttemb    2.900  7/27/2018    EUR    43.010
Raiffeisen Schweiz Genosse    4.200  7/17/2019    CHF    71.780
UniCredit Bank AG            14.400   1/4/2019    EUR    60.240
UniCredit Bank AG            12.000  9/28/2018    EUR    65.400
UniCredit Bank AG             3.400   1/4/2019    EUR    63.860
UniCredit Bank AG            13.500   1/4/2019    EUR    42.010
HSBC Trinkaus & Burkhardt     5.800  6/22/2018    EUR    69.470
Commerzbank AG               10.500 10/26/2018    EUR    39.640
Commerzbank AG               12.750 11/23/2018    EUR    73.770
DZ Bank AG Deutsche Zentra    9.500  9/24/2018    EUR    67.800
Bank Julius Baer & Co Ltd/    6.250  2/13/2019    CHF    69.450
Commerzbank AG                7.750  7/27/2018    EUR    69.600
DZ Bank AG Deutsche Zentra    6.750 10/26/2018    EUR    67.570
DZ Bank AG Deutsche Zentra    5.500  2/20/2019    EUR    71.430
HSBC Trinkaus & Burkhardt     5.500  3/22/2019    EUR    68.890
HSBC Trinkaus & Burkhardt     5.900 12/28/2018    EUR    65.950
Vontobel Financial Product   10.500  9/21/2018    EUR    70.090
Deutsche Bank AG              5.200 10/24/2018    EUR    73.300
Deutsche Bank AG              5.200 12/27/2018    EUR    72.200
Vontobel Financial Product    9.250  9/14/2018    EUR    72.110
Vontobel Financial Product   12.000  9/14/2018    EUR    67.900
Deutsche Bank AG              5.200 10/24/2018    EUR    64.800
Deutsche Bank AG              5.200 11/21/2018    EUR    69.700
Deutsche Bank AG              5.200 11/21/2018    EUR    65.300
Deutsche Bank AG              5.200  6/25/2019    EUR    72.400
Commerzbank AG               10.500  1/25/2019    EUR    71.180
Commerzbank AG                4.500  1/25/2019    EUR    70.020
Commerzbank AG                8.500  1/25/2019    EUR    65.790
Commerzbank AG               15.250  1/25/2019    EUR    69.340
Commerzbank AG                3.750 12/21/2018    EUR    73.140
Vontobel Financial Product    9.500  9/28/2018    EUR    69.080
Vontobel Financial Product    7.500   1/2/2019    EUR    70.060
HSBC Trinkaus & Burkhardt     7.400  3/22/2019    EUR    67.010
Commerzbank AG               13.500 11/23/2018    EUR    72.850
Deutsche Bank AG              5.200 10/24/2018    EUR    70.500
Deutsche Bank AG              5.200 11/21/2018    EUR    70.900
Deutsche Bank AG              5.200  3/19/2019    EUR    72.000
Deutsche Bank AG              5.200  3/19/2019    EUR    67.700
Deutsche Bank AG              5.200  6/25/2019    EUR    68.200
Deutsche Bank AG              5.200 10/24/2018    EUR    71.100
Deutsche Bank AG              5.200 11/21/2018    EUR    71.600
Deutsche Bank AG              5.200  6/25/2019    EUR    72.900
DZ Bank AG Deutsche Zentra    7.500  9/24/2018    EUR    69.140
DZ Bank AG Deutsche Zentra    5.000 12/28/2018    EUR #N/A N/A
Vontobel Financial Product    9.050   1/2/2019    EUR    69.130
Vontobel Financial Product   11.000   1/2/2019    EUR    67.680
Commerzbank AG                9.000  2/22/2019    EUR    72.070
Credit Suisse AG/London       7.000  7/19/2018    USD    73.380
Commerzbank AG                5.000 12/21/2018    EUR    74.550
DZ Bank AG Deutsche Zentra    7.250  9/24/2018    EUR    73.230
Commerzbank AG               12.500  1/25/2019    EUR    68.730
Commerzbank AG                6.500  1/25/2019    EUR    67.480
Commerzbank AG               13.250  1/25/2019    EUR    71.890
Commerzbank AG               19.250  1/25/2019    EUR    65.170
Commerzbank AG               10.500  1/25/2019    EUR    71.740
Commerzbank AG               11.750  1/25/2019    EUR    73.530
Commerzbank AG               16.000  8/24/2018    EUR    66.620
Vontobel Financial Product    8.800  9/14/2018    EUR    64.890
BNP Paribas Emissions- und   19.000  9/27/2018    EUR    69.730
UniCredit Bank AG             6.000  9/28/2018    EUR     4.180
UniCredit Bank AG             3.100  9/28/2018    EUR    58.320
Deutsche Bank AG              5.200  9/25/2018    EUR    66.600
UniCredit Bank AG            11.000  9/28/2018    EUR    63.810
UniCredit Bank AG            12.900  9/28/2018    EUR    61.420
Commerzbank AG                6.000 10/26/2018    EUR    66.830
UniCredit Bank AG            11.400   1/3/2020    EUR    69.510
UniCredit Bank AG            13.800   1/3/2020    EUR    69.280
BNP Paribas Emissions- und   18.000  9/27/2018    EUR    59.760
BNP Paribas Emissions- und    7.000 12/31/2018    EUR    65.790
BNP Paribas Emissions- und   10.000 12/31/2018    EUR    63.590
UniCredit Bank AG            11.500   1/4/2019    EUR    63.630
Vontobel Financial Product   16.100 12/14/2018    EUR    74.860
BNP Paribas Emissions- und   15.000  9/27/2018    EUR    66.420
BNP Paribas Emissions- und   16.000 12/31/2018    EUR    65.330
BNP Paribas Emissions- und   18.000  6/27/2019    EUR    67.400
BNP Paribas Emissions- und    7.000  9/27/2018    EUR    64.630
BNP Paribas Emissions- und    9.500 12/31/2018    EUR    62.630
BNP Paribas Emissions- und   14.000  3/21/2019    EUR    65.070
UniCredit Bank AG            14.800  3/22/2019    EUR    70.740
UniCredit Bank AG            14.400  3/22/2019    EUR    73.040
UBS AG/London                12.250  8/23/2018    USD    61.250
Vontobel Financial Product    9.550 12/14/2018    EUR    69.580
EFG International Finance    12.000 11/15/2018    CHF    71.220
Vontobel Financial Product   12.500  9/14/2018    EUR    71.190
Commerzbank AG               11.500  2/22/2019    EUR    69.320
HSBC Trinkaus & Burkhardt     6.100 12/28/2018    EUR    48.030
HSBC Trinkaus & Burkhardt     4.100 12/28/2018    EUR    53.520
HSBC Trinkaus & Burkhardt     7.800  7/27/2018    EUR    42.990
Raiffeisen Schweiz Genosse   12.000  9/11/2018    CHF    61.430
HSBC Trinkaus & Burkhardt     6.000  9/28/2018    EUR    64.620
Commerzbank AG               13.250  8/24/2018    EUR    73.830
Deutsche Bank AG              5.200 10/24/2018    EUR    69.300
Deutsche Bank AG              5.200 12/27/2018    EUR    73.000
Commerzbank AG                5.500  1/25/2019    EUR    68.640
Commerzbank AG                7.500  1/25/2019    EUR    66.480
Commerzbank AG               24.000  9/28/2018    EUR    60.200
Bank Julius Baer & Co Ltd/    6.800  9/12/2018    CHF    54.950
DZ Bank AG Deutsche Zentra    5.500 12/28/2018    EUR    74.180
Vontobel Financial Product    8.050  9/28/2018    EUR    70.630
Vontobel Financial Product   12.000  9/28/2018    EUR    75.420
UBS AG/London                 6.000  11/8/2018    EUR    65.750
Landesbank Baden-Wuerttemb    4.500  9/28/2018    EUR    70.590
Raiffeisen Centrobank AG      6.037  6/25/2019    EUR    12.950
HSBC Trinkaus & Burkhardt    16.200  9/28/2018    EUR    64.670
Vontobel Financial Product   10.000  9/28/2018    EUR    70.540
Commerzbank AG               16.500  8/24/2018    EUR    70.190
Vontobel Financial Product   15.050  9/14/2018    EUR    64.370
Deutsche Bank AG              5.200  3/19/2019    EUR    73.000
Deutsche Bank AG              5.200  6/25/2019    EUR    73.200
Commerzbank AG                9.500  1/25/2019    EUR    72.500
Commerzbank AG               11.500  1/25/2019    EUR    69.940
Bank Julius Baer & Co Ltd/    7.200  2/13/2019    CHF    70.400
Commerzbank AG               17.250  1/25/2019    EUR    67.160
Commerzbank AG                9.500  1/25/2019    EUR    72.850
Commerzbank AG               11.500  1/25/2019    EUR    70.750
Zurcher Kantonalbank Finan    5.000  7/11/2018    CHF    63.660
Vontobel Financial Product   10.500  6/22/2018    EUR    56.180
Vontobel Financial Product    7.000  6/22/2018    EUR    56.040
Vontobel Financial Product   10.050   1/2/2019    EUR    57.580
Vontobel Financial Product    6.550  9/28/2018    EUR    67.160
Vontobel Financial Product   13.000  9/28/2018    EUR    38.050
Vontobel Financial Product   12.000   1/2/2019    EUR    40.920
DZ Bank AG Deutsche Zentra    6.750  6/22/2018    EUR    70.650
DZ Bank AG Deutsche Zentra   10.750  7/27/2018    EUR    56.460
Landesbank Baden-Wuerttemb    4.000  7/27/2018    EUR    72.960
Landesbank Baden-Wuerttemb    4.000  7/27/2018    EUR    73.420
Landesbank Baden-Wuerttemb    3.000  7/27/2018    EUR    67.590
DZ Bank AG Deutsche Zentra    7.500  6/22/2018    EUR    63.770
Vontobel Financial Product   11.500  6/22/2018    EUR    56.070
Vontobel Financial Product    8.500  6/22/2018    EUR    56.050
Vontobel Financial Product    9.500   1/2/2019    EUR    57.290
Commerzbank AG               13.500 11/23/2018    EUR    70.940
Vontobel Financial Product    8.000  6/22/2018    EUR    56.040
Vontobel Financial Product   11.550  9/28/2018    EUR    55.410
Vontobel Financial Product    8.000   1/2/2019    EUR    56.520
Vontobel Financial Product   10.000  9/28/2018    EUR    55.020
Vontobel Financial Product    6.550   1/2/2019    EUR    63.960
Leonteq Securities AG/Guer    7.000  6/26/2019    CHF    51.860
DZ Bank AG Deutsche Zentra    9.500  9/28/2018    EUR    41.380
DZ Bank AG Deutsche Zentra   10.300   1/2/2019    EUR    61.850
Landesbank Baden-Wuerttemb    6.000 11/23/2018    EUR    65.590
Landesbank Baden-Wuerttemb    4.000 11/23/2018    EUR    71.590
Commerzbank AG               16.750  7/27/2018    EUR    70.000
Commerzbank AG               13.250 10/26/2018    EUR    72.690
BNP Paribas Emissions- und    4.500  9/27/2018    EUR    71.370
BNP Paribas Emissions- und    5.000 12/31/2018    EUR    68.730
HSBC Trinkaus & Burkhardt    11.900  6/22/2018    EUR    62.920
HSBC Trinkaus & Burkhardt    10.100  6/22/2018    EUR    67.220
Deutsche Bank AG              6.200  6/25/2019    EUR    71.900
BNP Paribas Emissions- und    7.000 12/31/2018    EUR    59.110
Landesbank Baden-Wuerttemb    5.500  8/24/2018    EUR    68.530
Bank Julius Baer & Co Ltd/    7.300  8/16/2019    USD    68.850
DZ Bank AG Deutsche Zentra    5.500  9/28/2018    EUR    66.380
DZ Bank AG Deutsche Zentra    8.250  6/22/2018    EUR    70.420
DZ Bank AG Deutsche Zentra    5.500  6/22/2018    EUR    59.860
UniCredit Bank AG            14.700   1/4/2019    EUR    71.720
UniCredit Bank AG             3.400  6/22/2018    EUR    69.860
UniCredit Bank AG            14.600   1/4/2019    EUR    64.300
UniCredit Bank AG            13.500   1/4/2019    EUR    74.260
UniCredit Bank AG             9.600  9/28/2018    EUR    70.210
UniCredit Bank AG            11.500  9/28/2018    EUR    72.820
UniCredit Bank AG             9.700  9/28/2018    EUR    66.670
Landesbank Baden-Wuerttemb    4.600  3/22/2019    EUR    74.770
UniCredit Bank AG            10.100  9/28/2018    EUR    72.140
UniCredit Bank AG            10.500  9/28/2018    EUR    75.770
UniCredit Bank AG             5.700  9/28/2018    EUR    50.960
UniCredit Bank AG            11.800  9/28/2018    EUR    66.340
Landesbank Baden-Wuerttemb    3.000  6/28/2019    EUR    68.820
Landesbank Baden-Wuerttemb    5.000  3/22/2019    EUR    64.770
Vontobel Financial Product    4.000  6/22/2018    EUR    63.940
Vontobel Financial Product    8.000  6/22/2018    EUR    57.880
Vontobel Financial Product   11.000  6/22/2018    EUR    54.040
Commerzbank AG                8.750  7/27/2018    EUR    66.940
Commerzbank AG                9.750  7/27/2018    EUR    64.850
Commerzbank AG               11.750  7/27/2018    EUR    39.650
Commerzbank AG               13.750  7/27/2018    EUR    37.640
Vontobel Financial Product    9.500  7/27/2018    EUR    59.290
Commerzbank AG                6.000  7/27/2018    EUR    68.700
UniCredit Bank AG            14.800  6/22/2018    EUR    72.620
UniCredit Bank AG             9.100  6/22/2018    EUR    63.890
UniCredit Bank AG             4.200  6/22/2018    EUR    72.840
UniCredit Bank AG            12.100  6/22/2018    EUR    57.530
UniCredit Bank AG             9.000  6/22/2018    EUR    46.680
Commerzbank AG                7.750  7/27/2018    EUR    69.300
UniCredit Bank AG             5.000  6/29/2018    EUR    67.150
Leonteq Securities AG         7.400  4/24/2020    USD    56.430
BNP Paribas Emissions- und    7.500 12/31/2018    EUR    72.150
UniCredit Bank AG            13.900  6/22/2018    EUR    74.250
UniCredit Bank AG             5.600  6/22/2018    EUR    68.740
Landesbank Baden-Wuerttemb    4.000 11/23/2018    EUR    69.090
Commerzbank AG                8.500 11/23/2018    EUR    63.610
Deutsche Bank AG              5.500  9/25/2018    EUR    67.800
Deutsche Bank AG              5.500 12/27/2018    EUR    67.000
HSBC Trinkaus & Burkhardt     8.700  9/28/2018    EUR    69.960
Leonteq Securities AG        10.400 11/22/2019    EUR    68.690
Deutsche Bank AG              4.200 12/27/2018    EUR    71.900
DZ Bank AG Deutsche Zentra    9.000  6/22/2018    EUR    71.280
DZ Bank AG Deutsche Zentra   13.500  8/24/2018    EUR    63.510
UniCredit Bank AG            14.900  6/22/2018    EUR    67.650
Landesbank Hessen-Thuering    4.000 10/10/2018    EUR    69.100
UniCredit Bank AG             6.100  6/22/2018    EUR    53.050
UniCredit Bank AG            13.900  6/22/2018    EUR    39.590
UniCredit Bank AG            13.800  6/22/2018    EUR    58.790
UniCredit Bank AG            11.600  6/22/2018    EUR    61.480
Vontobel Financial Product   14.500  6/22/2018    EUR    62.660
HSBC Trinkaus & Burkhardt    13.400  6/22/2018    EUR    38.650
Vontobel Financial Product   11.500  6/22/2018    EUR    40.520
HSBC Trinkaus & Burkhardt     8.900  6/22/2018    EUR    45.400
Vontobel Financial Product    5.000  9/28/2018    EUR    44.690
Vontobel Financial Product   11.000   1/2/2019    EUR    40.400
HSBC Trinkaus & Burkhardt     8.300  9/28/2018    EUR    72.070
HSBC Trinkaus & Burkhardt     5.700  6/22/2018    EUR    66.030
Vontobel Financial Product    8.550   1/2/2019    EUR    65.830
DZ Bank AG Deutsche Zentra    5.000  1/25/2019    EUR    71.340
Vontobel Financial Product   12.000  6/22/2018    EUR    53.100
Vontobel Financial Product   14.000  6/22/2018    EUR    50.320
Vontobel Financial Product    4.000  9/28/2018    EUR    73.780
Vontobel Financial Product    6.050  9/28/2018    EUR    64.640
Vontobel Financial Product    9.000  9/28/2018    EUR    57.980
Vontobel Financial Product   12.500  9/28/2018    EUR    53.040
Vontobel Financial Product    6.000   1/2/2019    EUR    66.080
Vontobel Financial Product   10.000   1/2/2019    EUR    57.700
Vontobel Financial Product    7.000   1/2/2019    EUR    62.700
Vontobel Financial Product   11.500   1/2/2019    EUR    55.700
DZ Bank AG Deutsche Zentra    7.000  8/24/2018    EUR    64.610
Vontobel Financial Product    6.600  9/14/2018    EUR    64.560
Vontobel Financial Product   11.650  9/14/2018    EUR    55.160
Vontobel Financial Product    3.450  9/14/2018    EUR    68.150
Vontobel Financial Product   13.100  9/14/2018    EUR    55.270
UniCredit Bank AG             6.400  6/22/2018    EUR    66.870
Deutsche Bank AG              4.200 12/27/2018    EUR    74.600
Deutsche Bank AG              6.200 12/27/2018    EUR    72.900
UniCredit Bank AG            14.100  6/22/2018    EUR    68.970
DZ Bank AG Deutsche Zentra    8.500   1/2/2019    EUR    59.290
UniCredit Bank AG             5.900  6/22/2018    EUR    71.330
UniCredit Bank AG            11.600  6/22/2018    EUR    74.920
Landesbank Baden-Wuerttemb    4.000  8/24/2018    EUR    73.440
Landesbank Baden-Wuerttemb    7.000  8/24/2018    EUR    64.340
DZ Bank AG Deutsche Zentra    5.500  6/22/2018    EUR    66.790
DZ Bank AG Deutsche Zentra    6.500  6/22/2018    EUR    59.870
UniCredit Bank AG            11.700  9/28/2018    EUR    72.830
UniCredit Bank AG             4.600   1/4/2019    EUR     4.870
UniCredit Bank AG             8.600  9/28/2018    EUR    72.420
UniCredit Bank AG            10.100  6/22/2018    EUR     2.200
UniCredit Bank AG             3.100  6/22/2018    EUR     2.750
UniCredit Bank AG             7.700  6/22/2018    EUR     2.290
UniCredit Bank AG            10.800  9/28/2018    EUR    73.120
UniCredit Bank AG             8.200  9/28/2018    EUR    45.580
UniCredit Bank AG             4.700  9/28/2018    EUR    54.400
UBS AG/London                 6.000  9/27/2018    EUR    69.330
Leonteq Securities AG/Guer   11.000 11/21/2018    CHF    71.840
Vontobel Financial Product   10.500  8/24/2018    EUR    69.530
DZ Bank AG Deutsche Zentra    5.100   1/2/2019    EUR    73.040
Vontobel Financial Product   10.500   1/2/2019    EUR    63.870
Vontobel Financial Product    6.000  9/28/2018    EUR    70.070
Landesbank Baden-Wuerttemb    3.000 11/23/2018    EUR    72.710
Commerzbank AG               15.500  8/24/2018    EUR    70.940
Deutsche Bank AG              5.500  9/25/2018    EUR    66.000
Deutsche Bank AG              5.500 12/27/2018    EUR    68.700
BNP Paribas Emissions- und    5.000  3/21/2019    EUR    70.520
Bank Julius Baer & Co Ltd/    5.500  8/27/2018    CHF    65.700
Vontobel Financial Product    8.500  9/28/2018    EUR    67.010
Vontobel Financial Product   10.500  9/28/2018    EUR    64.950
BNP Paribas Emissions- und    7.000  9/27/2018    EUR    63.010
Commerzbank AG                4.750 10/26/2018    EUR    67.280
BNP Paribas Emissions- und    5.500  9/27/2018    EUR    66.840
Deutsche Bank AG              5.500  9/25/2018    EUR    69.700
Deutsche Bank AG              5.500 12/27/2018    EUR    70.500
Vontobel Financial Product    7.000   1/2/2019    EUR    70.910
Vontobel Financial Product   10.500  6/22/2018    EUR    69.470
HSBC Trinkaus & Burkhardt     7.500  6/22/2018    EUR    74.730
Vontobel Financial Product    5.250  9/14/2018    EUR    68.750
Deutsche Bank AG              6.200  3/19/2019    EUR    72.700
UniCredit Bank AG            12.200  6/22/2018    EUR    71.770
Deutsche Bank AG              4.200 12/27/2018    EUR    63.700
Landesbank Baden-Wuerttemb    4.600 11/23/2018    EUR    73.920
Deutsche Bank AG              4.200 12/27/2018    EUR    57.800
Deutsche Bank AG              6.200 12/27/2018    EUR    55.700
Deutsche Bank AG              4.200  9/25/2018    EUR    60.200
Goldman Sachs & Co Wertpap   20.000  7/25/2018    EUR    73.900
HSBC Trinkaus & Burkhardt     8.700  8/24/2018    EUR    43.730
Goldman Sachs & Co Wertpap   13.000  1/23/2019    EUR    70.910
Goldman Sachs & Co Wertpap   20.000  2/20/2019    EUR    68.520
Goldman Sachs & Co Wertpap   19.000  3/20/2019    EUR    69.330
Goldman Sachs & Co Wertpap   24.000  9/26/2018    EUR    65.240
Goldman Sachs & Co Wertpap   13.000 10/24/2018    EUR    70.170
Goldman Sachs & Co Wertpap   25.000 10/24/2018    EUR    65.450
Goldman Sachs & Co Wertpap   20.000 11/21/2018    EUR    67.270
Goldman Sachs & Co Wertpap    7.000  3/20/2019    EUR    73.560
Goldman Sachs & Co Wertpap    7.000  9/26/2018    EUR    70.820
UBS AG/London                 8.750  8/28/2019    CHF    72.400
Landesbank Baden-Wuerttemb    3.100 10/25/2019    EUR    58.210
VTB Bank PJSC                 9.000  8/14/2043    RUB    62.010
SG Issuer SA                  0.800 11/30/2020    SEK    51.000
Landesbank Baden-Wuerttemb    2.800 11/23/2018    EUR    61.230
T-Generation CJSC            12.000  6/14/2019    RUB     0.500
DekaBank Deutsche Girozent    3.500 10/28/2019    EUR    42.610
Beluga Group PJSC             9.750  5/28/2020    RUB    65.000
Pongs & Zahn AG               8.500               EUR     0.002
getBACK SA                    5.720  10/5/2019    PLN    15.000
Landesbank Hessen-Thuering    7.770  7/15/2021    EUR    59.970
Landesbank Hessen-Thuering    3.250 12/27/2018    EUR    73.700
SG Issuer SA                  5.500  4/10/2021    EUR    65.970
Raiffeisen Schweiz Genosse    5.000   8/6/2018    CHF    69.970
Deutsche Bank AG              5.200  9/25/2018    EUR    74.000
Deutsche Bank AG              5.200  7/25/2018    EUR    67.600
Deutsche Bank AG              5.200  7/25/2018    EUR    70.600
DZ Bank AG Deutsche Zentra    9.000  9/28/2018    EUR    62.600
Bank Julius Baer & Co Ltd/    5.800  7/13/2018    USD    67.550
HSBC Trinkaus & Burkhardt     5.600  7/27/2018    EUR    68.230
HSBC Trinkaus & Burkhardt     5.800 10/26/2018    EUR    69.660
Vontobel Financial Product   12.000  2/22/2019    EUR    70.860
Vontobel Financial Product    9.000  6/22/2018    EUR    70.280
Vontobel Financial Product    6.500  6/22/2018    EUR    72.980
HSBC Trinkaus & Burkhardt     5.400  6/28/2019    EUR    69.450
HSBC Trinkaus & Burkhardt     4.500  6/28/2019    EUR    72.410
Commerzbank AG               21.000 10/26/2018    EUR    68.290
HSBC Trinkaus & Burkhardt     3.200  6/22/2018    EUR    67.070
HSBC Trinkaus & Burkhardt     6.500  9/28/2018    EUR    64.760
Commerzbank AG               14.000  6/22/2018    EUR    60.900
Vontobel Financial Product    7.000   1/2/2019    EUR    62.040
HSBC Trinkaus & Burkhardt     4.700  9/28/2018    EUR    71.390
HSBC Trinkaus & Burkhardt     9.800  6/22/2018    EUR    45.410
HSBC Trinkaus & Burkhardt     5.400  6/22/2018    EUR    51.390
HSBC Trinkaus & Burkhardt     8.200  9/28/2018    EUR    65.410
HSBC Trinkaus & Burkhardt     4.100  6/22/2018    EUR    41.430
HSBC Trinkaus & Burkhardt     5.200  6/22/2018    EUR    67.070
HSBC Trinkaus & Burkhardt     8.700  6/22/2018    EUR    64.990
Vontobel Financial Product    6.500   1/2/2019    EUR    52.970
Vontobel Financial Product    4.050  9/28/2018    EUR    53.490
Polski Bank Spoldzielczy w    5.300  9/14/2027    PLN    55.010
Commerzbank AG               20.250  8/24/2018    EUR    68.500
Commerzbank AG               22.250  8/24/2018    EUR    66.580
BNP Paribas Emissions- und    6.000 12/31/2018    EUR    39.280
BNP Paribas Emissions- und   16.000 12/31/2018    EUR    44.400
Commerzbank AG               14.000  7/27/2018    EUR    63.320
Commerzbank AG               15.250  8/24/2018    EUR    40.100
Commerzbank AG               12.250  9/28/2018    EUR    42.930
BNP Paribas Emissions- und   19.000 12/31/2018    EUR    64.840
BNP Paribas Emissions- und   13.000  9/27/2018    EUR    72.930
BNP Paribas Emissions- und    4.500 12/31/2018    EUR    70.490
BNP Paribas Emissions- und    5.500 12/31/2018    EUR    70.990
BNP Paribas Emissions- und    8.000 12/31/2018    EUR    66.740
BNP Paribas Emissions- und   18.000  9/27/2018    EUR    67.170
BNP Paribas Emissions- und   25.000  9/27/2018    EUR    61.730
BNP Paribas Emissions- und   15.000  9/27/2018    EUR    63.910
BNP Paribas Emissions- und   12.000 12/31/2018    EUR    66.190
BNP Paribas Emissions- und   20.000  9/27/2018    EUR    59.860
BNP Paribas Emissions- und   16.000 12/31/2018    EUR    63.060
BNP Paribas Emissions- und   17.000  9/27/2018    EUR    70.770
BNP Paribas Emissions- und    9.000  9/27/2018    EUR    65.450
BNP Paribas Emissions- und   18.000  9/27/2018    EUR    57.180
BNP Paribas Emissions- und    5.500 12/31/2018    EUR    72.770
BNP Paribas Emissions- und   10.000 12/31/2018    EUR    64.400
BNP Paribas Emissions- und   17.000  9/27/2018    EUR    67.820
BNP Paribas Emissions- und   12.000 12/31/2018    EUR    71.950
UniCredit Bank AG             3.600   1/5/2020    EUR    75.140
Commerzbank AG               10.000  8/24/2018    EUR    63.900
Vontobel Financial Product    8.550  9/28/2018    EUR    74.600
Vontobel Financial Product    7.000   1/2/2019    EUR    75.710
Vontobel Financial Product    8.000   1/2/2019    EUR    74.480
BNP Paribas Emissions- und    3.000 12/31/2018    EUR    71.480
BNP Paribas Emissions- und    6.500 12/31/2018    EUR    64.500
Commerzbank AG               14.750  7/27/2018    EUR    72.510
Commerzbank AG               12.500 11/23/2018    EUR    41.200
Commerzbank AG               12.000  8/24/2018    EUR    61.660
Commerzbank AG                9.250  9/28/2018    EUR    65.200
Commerzbank AG               10.250  9/28/2018    EUR    63.950
Commerzbank AG               11.750 10/26/2018    EUR    62.500
Commerzbank AG                5.250 11/23/2018    EUR    73.340
Commerzbank AG                7.250 11/23/2018    EUR    68.920
Commerzbank AG                8.250 11/23/2018    EUR    67.180
Commerzbank AG                9.250 11/23/2018    EUR    65.750
Commerzbank AG               11.250 11/23/2018    EUR    63.360
Commerzbank AG                6.500 11/23/2018    EUR    47.980
DZ Bank AG Deutsche Zentra    6.250  3/20/2019    EUR    69.610
HSBC Trinkaus & Burkhardt    10.900  6/28/2019    EUR    67.850
DZ Bank AG Deutsche Zentra    7.750  9/26/2018    EUR #N/A N/A
DZ Bank AG Deutsche Zentra    4.250 12/28/2018    EUR    69.540
Goldman Sachs & Co Wertpap   15.000 11/21/2018    EUR    69.540
Commerzbank AG               14.250  7/27/2018    EUR    67.650
Commerzbank AG               13.750  8/24/2018    EUR    68.470
Commerzbank AG               15.250  6/22/2018    EUR    72.510
Commerzbank AG               11.000  9/28/2018    EUR    72.590
Commerzbank AG               12.000  9/28/2018    EUR    71.020
Commerzbank AG                3.750  9/28/2018    EUR    55.730
Commerzbank AG                5.750  9/28/2018    EUR    47.590
Commerzbank AG                7.750  9/28/2018    EUR    43.250
Commerzbank AG                9.750  9/28/2018    EUR    40.560
Commerzbank AG               11.750  9/28/2018    EUR    38.590
Commerzbank AG                6.000  9/28/2018    EUR    69.490
Commerzbank AG                7.000  9/28/2018    EUR    68.120
Commerzbank AG                8.000  9/28/2018    EUR    67.010
Vontobel Financial Product    8.500  9/28/2018    EUR    67.340
Deutsche Bank AG              4.200 12/27/2018    EUR    63.900
Credit Suisse AG/London       8.250  9/27/2018    USD    53.170
Leonteq Securities AG/Guer   10.200 12/20/2018    CHF    57.500
Leonteq Securities AG/Guer   12.200 12/20/2018    USD    57.680
Commerzbank AG                4.000  8/24/2018    EUR    52.150
DZ Bank AG Deutsche Zentra    5.000  3/20/2019    EUR    73.880
Commerzbank AG               15.250  1/25/2019    EUR    63.480
Deutsche Bank AG              4.200 12/27/2018    EUR    71.700
Deutsche Bank AG              4.200 12/27/2018    EUR    69.200
Deutsche Bank AG              4.200  6/25/2019    EUR    72.900
Deutsche Bank AG              4.200  9/24/2019    EUR    73.500
Samolet Group                13.500 10/30/2026    RUB   100.000
DZ Bank AG Deutsche Zentra    5.000  9/28/2018    EUR    68.950
Leonteq Securities AG         8.200 11/23/2018    USD    45.530
BNP Paribas Emissions- und   13.000  9/27/2018    EUR    69.120
BNP Paribas Emissions- und   10.000 12/31/2018    EUR    70.900
BNP Paribas Emissions- und   10.000 12/31/2018    EUR    40.180
BNP Paribas Emissions- und    8.500  9/27/2018    EUR    74.210
Deutsche Bank AG              6.200  9/25/2018    EUR    69.800
Deutsche Bank AG              4.200 12/27/2018    EUR    69.800
Vontobel Financial Product    7.500  9/28/2018    EUR    69.580
Deutsche Bank AG              4.200  9/24/2019    EUR    70.500
Deutsche Bank AG              4.200 12/24/2019    EUR    71.000
Deutsche Bank AG              4.200  6/25/2019    EUR    69.900
Commerzbank AG                6.000  8/24/2018    EUR    44.070
Leonteq Securities AG/Guer   10.000 12/19/2018    CHF    38.630
BNP Paribas Emissions- und    9.000  9/27/2018    EUR    67.450
BNP Paribas Emissions- und    7.000 12/31/2018    EUR    73.900
BNP Paribas Emissions- und    6.000  9/27/2018    EUR    41.560
BNP Paribas Emissions- und   11.000  9/27/2018    EUR    71.730
BNP Paribas Emissions- und   10.000 12/31/2018    EUR    72.260
BNP Paribas Emissions- und    8.500  9/27/2018    EUR    71.950
Vontobel Financial Product   13.000  9/28/2018    EUR    66.420
Deutsche Bank AG              6.200  9/25/2018    EUR    63.600
Deutsche Bank AG              6.200 12/27/2018    EUR    70.800
Polski Bank Spoldzielczy w    4.780 11/26/2024    PLN    60.000
Landesbank Baden-Wuerttemb    2.500  8/24/2018    EUR    69.780
Zurcher Kantonalbank Finan    7.820   8/6/2018    EUR    50.800
Intertekhelektro-Novaya Ge    8.500  4/21/2020    RUB    65.000
Landesbank Baden-Wuerttemb    3.400  9/28/2018    EUR    41.610
DekaBank Deutsche Girozent    3.000  8/16/2019    EUR    59.410
Landesbank Baden-Wuerttemb    3.000 11/23/2018    EUR    63.170
Landesbank Baden-Wuerttemb    3.000  8/24/2018    EUR    67.490
getBACK SA                    5.680 10/30/2019    PLN    20.000
DekaBank Deutsche Girozent    2.600 10/12/2018    EUR    52.080
Leonteq Securities AG         7.000  8/22/2018    CHF    42.890
Landesbank Baden-Wuerttemb    3.000  9/27/2019    EUR    55.360
Landesbank Baden-Wuerttemb    3.350 11/23/2018    EUR    53.530
UniCredit Bank AG             4.100  10/1/2020    EUR    55.130
Leonteq Securities AG         5.000   9/4/2018    CHF    64.140
AKB Derzhava OJSC            15.000  9/12/2025    RUB   100.000
Rossiysky Capital OJSC        7.750  1/16/2020    RUB    61.900
Landesbank Hessen-Thuering    8.000 11/17/2020    EUR    73.480
UniCredit Bank AG             4.400 12/17/2019    EUR    70.910
Landesbank Baden-Wuerttemb    2.600  8/23/2019    EUR    46.150
EFG International Finance     7.200  7/29/2020    EUR    18.580
Leonteq Securities AG         5.200  8/14/2018    CHF    73.060
Rosbank PJSC                  0.030  4/30/2024    RUB   100.000
UBS AG/London                 5.000   8/6/2018    CHF    73.950
UniCredit Bank AG             6.800  6/22/2018    EUR    72.630
Raiffeisen Centrobank AG     10.954  6/25/2019    EUR    73.730
DZ Bank AG Deutsche Zentra    8.250  6/22/2018    EUR    67.200
UniCredit Bank AG             4.300  6/29/2018    EUR    57.020
Vontobel Financial Product    8.150  9/14/2018    EUR    60.960
Vontobel Financial Product    7.800  9/14/2018    EUR    60.660
Leonteq Securities AG        15.000  8/22/2018    CHF    71.820
Deutsche Bank AG              4.200  9/25/2018    EUR    73.600
Deutsche Bank AG              6.200  9/25/2018    EUR    71.300
Deutsche Bank AG              4.200 12/27/2018    EUR    75.000
UniCredit Bank AG            13.300  6/22/2018    EUR    74.860
DZ Bank AG Deutsche Zentra    7.600   1/2/2019    EUR    61.900
Landesbank Baden-Wuerttemb    7.000  1/25/2019    EUR    71.520
Credit Suisse AG/London       8.000  8/22/2018    CHF    68.100
Landesbank Baden-Wuerttemb    5.000  6/28/2019    EUR    71.240
Deutsche Bank AG              6.200  6/24/2019    EUR    72.990
DZ Bank AG Deutsche Zentra   11.750   1/2/2019    EUR    73.130
Raiffeisen Schweiz Genosse    4.200  5/22/2019    CHF    70.270
VTB Bank PJSC                 9.000 11/26/2043    RUB    62.010
SG Issuer SA                  0.800 10/21/2020    SEK    57.890
Leonteq Securities AG/Guer    5.000 12/27/2019    EUR    65.340
Landesbank Baden-Wuerttemb    3.150  6/22/2018    EUR    41.160
Landesbank Baden-Wuerttemb    3.300  6/22/2018    EUR    42.180
Raiffeisen Centrobank AG     10.627  9/25/2018    EUR    74.160
Raiffeisen Centrobank AG      8.635  9/25/2018    EUR    59.840
Raiffeisen Centrobank AG     10.627  9/25/2018    EUR    60.220
Raiffeisen Centrobank AG      7.970  9/25/2018    EUR    74.470
Landesbank Baden-Wuerttemb    3.000  9/28/2018    EUR    72.320
Landesbank Baden-Wuerttemb    4.000  9/28/2018    EUR    68.490
HSBC Trinkaus & Burkhardt     9.000  7/27/2018    EUR    68.600
DZ Bank AG Deutsche Zentra    6.000  6/22/2018    EUR    61.790
DZ Bank AG Deutsche Zentra    8.000  6/22/2018    EUR    58.920
Vontobel Financial Product   11.500  6/22/2018    EUR    52.970
Credit Suisse AG/Nassau       8.250  7/10/2018    EUR    65.960
UniCredit Bank AG            13.000  6/22/2018    EUR    72.040
UniCredit Bank AG             9.000  6/22/2018    EUR    72.160
UniCredit Bank AG            14.600  6/22/2018    EUR    59.160
Leonteq Securities AG         8.400  7/10/2018    CHF    45.140
Leonteq Securities AG        10.000  7/10/2018    USD    45.450
UniCredit Bank AG            14.000  6/22/2018    EUR    70.560
UniCredit Bank AG             3.500  6/22/2018    EUR    74.420
UniCredit Bank AG             4.700  6/22/2018    EUR    69.730
UniCredit Bank AG             4.000  6/22/2018    EUR    71.750
UniCredit Bank AG             5.400  6/22/2018    EUR    67.780
UniCredit Bank AG            10.800  6/22/2018    EUR    58.690
UniCredit Bank AG             7.000  6/22/2018    EUR    64.240
UniCredit Bank AG             8.800  6/22/2018    EUR    61.080
UniCredit Bank AG             7.900  6/22/2018    EUR    62.630
UniCredit Bank AG             9.800  6/22/2018    EUR    59.590
UniCredit Bank AG            11.800  6/22/2018    EUR    56.880
UniCredit Bank AG            10.700  6/22/2018    EUR    67.220
UniCredit Bank AG            11.700  6/22/2018    EUR    65.000
UniCredit Bank AG             9.800  6/22/2018    EUR    69.600
UniCredit Bank AG            12.600  6/22/2018    EUR    62.920
UniCredit Bank AG             8.100  6/22/2018    EUR    74.910
UniCredit Bank AG            15.000  6/22/2018    EUR    53.210
UniCredit Bank AG             6.200  6/22/2018    EUR    65.960
UniCredit Bank AG            13.900  6/22/2018    EUR    54.370
UniCredit Bank AG            12.800  6/22/2018    EUR    55.610
UniCredit Bank AG            12.000  6/22/2018    EUR    73.580
UniCredit Bank AG            13.600  6/22/2018    EUR    60.980
UniCredit Bank AG            14.900  6/22/2018    EUR    73.370
UniCredit Bank AG            13.800  6/22/2018    EUR    74.980
DZ Bank AG Deutsche Zentra    7.200  6/22/2018    EUR    74.240
DZ Bank AG Deutsche Zentra    9.900  6/22/2018    EUR    69.610
BNP Paribas Emissions- und    4.500  9/27/2018    EUR    74.030
BNP Paribas Emissions- und    5.000  9/27/2018    EUR    68.970
BNP Paribas Emissions- und    3.500  9/27/2018    EUR    62.860
DZ Bank AG Deutsche Zentra    5.250  6/22/2018    EUR    64.470
DZ Bank AG Deutsche Zentra    5.200  6/22/2018    EUR    71.910
DZ Bank AG Deutsche Zentra    5.300  6/22/2018    EUR    65.840
DZ Bank AG Deutsche Zentra    8.000  6/22/2018    EUR    61.420
DZ Bank AG Deutsche Zentra    9.500  6/22/2018    EUR    58.460
EFG International Finance     8.000  4/21/2020    USD    57.100
DZ Bank AG Deutsche Zentra    7.000  6/22/2018    EUR    70.700
DZ Bank AG Deutsche Zentra    6.500  6/22/2018    EUR    70.240
DZ Bank AG Deutsche Zentra    5.250  6/22/2018    EUR    65.030
Vontobel Financial Product   11.250  6/22/2018    EUR    63.710
Vontobel Financial Product    8.000  6/22/2018    EUR    63.840
BNP Paribas Emissions- und   12.000 12/31/2018    EUR    68.780
BNP Paribas Emissions- und   10.000  9/27/2018    EUR    57.970
BNP Paribas Emissions- und   10.000  9/27/2018    EUR    55.910
BNP Paribas Emissions- und   16.000  9/27/2018    EUR    50.480
BNP Paribas Emissions- und   18.000  9/27/2018    EUR    48.130
BNP Paribas Emissions- und    8.000 12/31/2018    EUR    59.220
BNP Paribas Emissions- und   10.000 12/31/2018    EUR    58.230
BNP Paribas Emissions- und    7.000 12/31/2018    EUR    71.130
BNP Paribas Emissions- und    6.500  9/27/2018    EUR    71.760
BNP Paribas Emissions- und    8.000  9/27/2018    EUR    69.660
BNP Paribas Emissions- und   17.000  9/27/2018    EUR    60.030
BNP Paribas Emissions- und    6.500 12/31/2018    EUR    73.270
BNP Paribas Emissions- und    8.000 12/31/2018    EUR    70.680
BNP Paribas Emissions- und   16.000  9/27/2018    EUR    67.970
BNP Paribas Emissions- und   14.000 12/31/2018    EUR    70.980
Deutsche Bank AG              4.200 10/24/2018    EUR    74.000
Deutsche Bank AG              4.200  6/25/2019    EUR    71.300
DZ Bank AG Deutsche Zentra    6.750  3/18/2019    EUR    66.880
DZ Bank AG Deutsche Zentra    7.500  9/24/2018    EUR    68.870
DZ Bank AG Deutsche Zentra    5.250   1/2/2019    EUR    71.430
Commerzbank AG                3.250 10/26/2018    EUR    49.930
Commerzbank AG               17.000  6/22/2018    EUR    72.350
Commerzbank AG               21.000  6/22/2018    EUR    66.840
Commerzbank AG               19.000  7/27/2018    EUR    62.800
Commerzbank AG               13.500  8/24/2018    EUR    71.640
Commerzbank AG               17.500  8/24/2018    EUR    64.700
Commerzbank AG               19.500  8/24/2018    EUR    62.240
Commerzbank AG               14.000  9/28/2018    EUR    70.230
Commerzbank AG               18.000  9/28/2018    EUR    63.960
Commerzbank AG               13.000 10/26/2018    EUR    72.020
Commerzbank AG               16.250 11/23/2018    EUR    66.320
Vontobel Financial Product    8.000 11/23/2018    EUR    60.410
Commerzbank AG                7.750  8/24/2018    EUR    70.720
Commerzbank AG                8.000  9/28/2018    EUR    70.660
Commerzbank AG               15.500  7/27/2018    EUR    37.870
Commerzbank AG                7.250 10/26/2018    EUR    47.630
Commerzbank AG                9.250 10/26/2018    EUR    44.650
Landesbank Hessen-Thuering    4.000  6/21/2019    EUR    64.200
Deutsche Bank AG              6.200  9/25/2018    EUR    70.100
Deutsche Bank AG              6.200  9/25/2018    EUR    64.400
Deutsche Bank AG              6.200 12/27/2018    EUR    71.500
Deutsche Bank AG              6.200 12/27/2018    EUR    65.900
Deutsche Bank AG              8.200  9/25/2018    EUR    70.600
Commerzbank AG               11.500  7/27/2018    EUR    65.960
Commerzbank AG               12.750  7/27/2018    EUR    70.810
Vontobel Financial Product    5.500   1/2/2019    EUR    72.620
Vontobel Financial Product    7.500   1/2/2019    EUR    69.000
Vontobel Financial Product    9.500   1/2/2019    EUR    65.880
Vontobel Financial Product   10.550   1/2/2019    EUR    64.530
Vontobel Financial Product   11.500   1/2/2019    EUR    63.240
Vontobel Financial Product    7.500  9/28/2018    EUR    67.190
Vontobel Financial Product   10.550  9/28/2018    EUR    63.730
DZ Bank AG Deutsche Zentra    6.500 12/24/2018    EUR    58.760
DZ Bank AG Deutsche Zentra    5.600  3/18/2019    EUR    68.660
DZ Bank AG Deutsche Zentra    5.400  9/24/2018    EUR    70.530
DZ Bank AG Deutsche Zentra    7.200  9/24/2018    EUR    66.560
DZ Bank AG Deutsche Zentra    6.800 12/24/2018    EUR    68.080
DZ Bank AG Deutsche Zentra    5.250  9/28/2018    EUR    69.170
DZ Bank AG Deutsche Zentra    5.250  3/22/2019    EUR    71.310
DZ Bank AG Deutsche Zentra    8.250   1/2/2019    EUR    65.470
DZ Bank AG Deutsche Zentra    8.500  9/28/2018    EUR    69.210
Commerzbank AG                9.500 10/26/2018    EUR    65.080
DZ Bank AG Deutsche Zentra    6.500  3/18/2019    EUR    60.180
Vontobel Financial Product    6.000  9/28/2018    EUR    44.950
Vontobel Financial Product    8.500  9/28/2018    EUR    41.870
Vontobel Financial Product   12.000  9/28/2018    EUR    39.630
Vontobel Financial Product    9.500   1/2/2019    EUR    41.460
Vontobel Financial Product   11.500   1/2/2019    EUR    40.610
Vontobel Financial Product    5.550  9/28/2018    EUR    71.510
Commerzbank AG                7.000   1/2/2019    EUR    72.030
Commerzbank AG                8.000   1/2/2019    EUR    69.850
Commerzbank AG                9.000   1/2/2019    EUR    68.410
Commerzbank AG               10.000   1/2/2019    EUR    66.970
Commerzbank AG               11.000   1/2/2019    EUR    65.560
Commerzbank AG               12.000   1/2/2019    EUR    64.610
Commerzbank AG               14.750   1/2/2019    EUR    70.410
Commerzbank AG               16.750   1/2/2019    EUR    68.170
Commerzbank AG                6.750   1/2/2019    EUR    70.720
Commerzbank AG                7.750   1/2/2019    EUR    69.710
Commerzbank AG                8.750   1/2/2019    EUR    68.830
Commerzbank AG               15.000  7/27/2018    EUR    59.790
Commerzbank AG               14.250  8/24/2018    EUR    60.790
Commerzbank AG               13.500  9/28/2018    EUR    61.900
Commerzbank AG               13.000 10/26/2018    EUR    62.710
Commerzbank AG               12.500 11/23/2018    EUR    63.500
Commerzbank AG               15.000  6/22/2018    EUR    63.990
Commerzbank AG               10.250  9/28/2018    EUR    44.790
Landesbank Baden-Wuerttemb    4.600  1/25/2019    EUR    59.910
BNP Paribas Emissions- und   15.000 12/31/2018    EUR    69.750
BNP Paribas Emissions- und   10.000  9/27/2018    EUR    65.380
EFG International Finance    13.000  12/6/2018    EUR    71.770
Zurcher Kantonalbank Finan    4.750 11/30/2018    CHF    55.370
BNP Paribas Emissions- und   13.000  9/27/2018    EUR    71.740
BNP Paribas Emissions- und   22.000  9/27/2018    EUR    63.200
BNP Paribas Emissions- und   13.000 12/31/2018    EUR    73.240
Bank Julius Baer & Co Ltd/    7.800 11/30/2018    USD    73.350
BNP Paribas Emissions- und    7.500  9/27/2018    EUR    67.230
BNP Paribas Emissions- und   15.000  9/27/2018    EUR    59.540
BNP Paribas Emissions- und    7.500 12/31/2018    EUR    69.120
Commerzbank AG                5.750  6/22/2018    EUR    71.720
Vontobel Financial Product   10.550  9/28/2018    EUR    73.230
BNP Paribas Emissions- und   11.000 12/31/2018    EUR    70.360
Commerzbank AG               10.500 11/23/2018    EUR    42.700
Commerzbank AG               11.000  8/24/2018    EUR    62.740
Commerzbank AG               13.000  8/24/2018    EUR    60.740
Commerzbank AG               11.250  9/28/2018    EUR    62.800
Commerzbank AG               12.250  9/28/2018    EUR    61.790
Commerzbank AG                6.250 11/23/2018    EUR    70.880
Commerzbank AG               10.250 11/23/2018    EUR    64.430
Commerzbank AG                4.500 11/23/2018    EUR    53.450
Commerzbank AG                8.500 11/23/2018    EUR    44.780
Vontobel Financial Product    8.500   1/2/2019    EUR    70.560
Vontobel Financial Product    9.550  9/28/2018    EUR    63.530
Vontobel Financial Product   10.500   1/2/2019    EUR    64.190
Vontobel Financial Product   15.000   1/2/2019    EUR    66.520
DekaBank Deutsche Girozent    3.500 12/20/2018    EUR    58.610
DZ Bank AG Deutsche Zentra    8.250  3/20/2019    EUR    65.480
DZ Bank AG Deutsche Zentra    8.500 12/28/2018    EUR #N/A N/A
Rosselkhozbank JSC           12.870 12/21/2021    RUB    71.010
Vontobel Financial Product    8.500   1/2/2019    EUR    54.000
Vontobel Financial Product    7.500   1/2/2019    EUR    53.490
Vontobel Financial Product    4.050  9/14/2018    EUR    73.660
Vontobel Financial Product    9.800  9/14/2018    EUR    57.850
Deutsche Bank AG              6.200  3/19/2019    EUR    71.300
Deutsche Bank AG              6.200  6/25/2019    EUR    73.400
Goldman Sachs & Co Wertpap    7.000  9/26/2018    EUR    66.790
UniCredit Bank AG            14.600  6/22/2018    EUR    73.000
Deutsche Bank AG              5.200 12/24/2019    EUR    74.200
UniCredit Bank AG             8.100  6/22/2018    EUR    63.430
UniCredit Bank AG            10.000  6/22/2018    EUR    60.350
UniCredit Bank AG            13.100  6/22/2018    EUR    56.230
UniCredit Bank AG             9.000  6/22/2018    EUR    61.860
DZ Bank AG Deutsche Zentra   10.250  6/22/2018    EUR    62.750
DZ Bank AG Deutsche Zentra   10.750  8/24/2018    EUR    61.920
Raiffeisen Schweiz Genosse    7.600  8/22/2018    CHF    55.660
Deutsche Bank AG              4.200  9/25/2018    EUR    70.800
DZ Bank AG Deutsche Zentra    7.250  6/22/2018    EUR    70.650
DZ Bank AG Deutsche Zentra    8.250 12/24/2018    EUR    65.300
DZ Bank AG Deutsche Zentra    5.000 12/24/2018    EUR    66.990
DZ Bank AG Deutsche Zentra    6.250 12/24/2018    EUR    58.680
DZ Bank AG Deutsche Zentra   13.500  6/22/2018    EUR    58.590
UniCredit Bank AG            14.900  6/22/2018    EUR    57.540
UniCredit Bank AG            10.500  6/22/2018    EUR    44.040
UniCredit Bank AG             9.500  6/22/2018    EUR    64.440
UniCredit Bank AG            13.800  6/22/2018    EUR    71.120
DZ Bank AG Deutsche Zentra    6.800 12/24/2018    EUR    64.560
DZ Bank AG Deutsche Zentra    5.000  3/18/2019    EUR    64.750
DZ Bank AG Deutsche Zentra    9.750  6/22/2018    EUR    69.050
DZ Bank AG Deutsche Zentra    8.250   1/2/2019    EUR    67.260
DZ Bank AG Deutsche Zentra    7.250  6/22/2018    EUR    58.920
DZ Bank AG Deutsche Zentra    6.250  9/28/2018    EUR    54.400
Leonteq Securities AG/Guer   10.000  6/20/2019    CHF    74.490
DZ Bank AG Deutsche Zentra    6.400  9/24/2018    EUR    64.790
DZ Bank AG Deutsche Zentra    6.000 12/24/2018    EUR    66.110
DZ Bank AG Deutsche Zentra    4.600  3/18/2019    EUR    66.390
DZ Bank AG Deutsche Zentra   10.250  9/28/2018    EUR    71.670
DZ Bank AG Deutsche Zentra   10.500  6/22/2018    EUR    54.130
DZ Bank AG Deutsche Zentra    8.750   1/2/2019    EUR    44.850
DZ Bank AG Deutsche Zentra   12.250   1/2/2019    EUR    72.180
Vontobel Financial Product    5.050  9/28/2018    EUR    53.750
Vontobel Financial Product   11.550   1/2/2019    EUR    55.580
Vontobel Financial Product   13.500  9/28/2018    EUR    55.910
Vontobel Financial Product   12.550   1/2/2019    EUR    56.100
DZ Bank AG Deutsche Zentra    8.500  9/28/2018    EUR    60.630
BNP Paribas Emissions- und   13.000  9/27/2018    EUR    34.440
BNP Paribas Emissions- und    9.000 12/31/2018    EUR    38.030
BNP Paribas Emissions- und   12.000  9/27/2018    EUR    65.880
BNP Paribas Emissions- und   15.000  9/27/2018    EUR    70.270
BNP Paribas Emissions- und   10.000 12/31/2018    EUR    67.770
BNP Paribas Emissions- und   12.000  9/27/2018    EUR    66.970
BNP Paribas Emissions- und   16.000  9/27/2018    EUR    71.990
BNP Paribas Emissions- und    9.500  9/27/2018    EUR    72.510
BNP Paribas Emissions- und   12.000 12/31/2018    EUR    69.300
BNP Paribas Emissions- und    6.500  9/27/2018    EUR    73.600
BNP Paribas Emissions- und    7.000  9/27/2018    EUR    72.140
BNP Paribas Emissions- und    8.000  9/27/2018    EUR    72.390
BNP Paribas Emissions- und    8.500  9/27/2018    EUR    71.000
BNP Paribas Emissions- und    7.000 12/31/2018    EUR    74.380
BNP Paribas Emissions- und    7.500 12/31/2018    EUR    73.130
BNP Paribas Emissions- und    9.500 12/31/2018    EUR    69.970
Commerzbank AG               13.500  8/24/2018    EUR    36.380
Landesbank Baden-Wuerttemb    7.000 11/23/2018    EUR    71.410
Commerzbank AG                6.500  8/24/2018    EUR    68.190
Commerzbank AG                5.000 10/26/2018    EUR    72.590
Commerzbank AG                7.000 10/26/2018    EUR    68.070
HSBC Trinkaus & Burkhardt     5.900  9/28/2018    EUR    70.230
HSBC Trinkaus & Burkhardt     7.300 12/28/2018    EUR    69.320
HSBC Trinkaus & Burkhardt     5.600 12/28/2018    EUR    71.160
HSBC Trinkaus & Burkhardt     4.000  6/22/2018    EUR    74.910
HSBC Trinkaus & Burkhardt     9.600 12/28/2018    EUR    66.050
HSBC Trinkaus & Burkhardt    11.100  9/28/2018    EUR    68.830
Vontobel Financial Product   17.000  9/28/2018    EUR    69.280
Vontobel Financial Product   13.500  9/28/2018    EUR    68.390
DZ Bank AG Deutsche Zentra    8.250  3/18/2019    EUR    63.390
DZ Bank AG Deutsche Zentra    7.750  9/24/2018    EUR    66.010
Commerzbank AG               13.500  9/28/2018    EUR    39.050
Leonteq Securities AG/Guer   13.400  2/27/2019    EUR    67.900
DZ Bank AG Deutsche Zentra    8.500   1/2/2019    EUR    73.130
DZ Bank AG Deutsche Zentra    5.750  6/22/2018    EUR #N/A N/A
DZ Bank AG Deutsche Zentra   12.250  6/22/2018    EUR    73.640
DZ Bank AG Deutsche Zentra    4.250  9/28/2018    EUR    73.190
Commerzbank AG               13.250 10/26/2018    EUR    41.050
Commerzbank AG                7.000  9/28/2018    EUR    72.530
Commerzbank AG                5.250 10/26/2018    EUR    52.340
Commerzbank AG               11.250 10/26/2018    EUR    42.590
Deutsche Bank AG              4.200  9/25/2018    EUR    69.600
Deutsche Bank AG              4.200  9/25/2018    EUR    63.900
Deutsche Bank AG              4.200 12/27/2018    EUR    70.500
Deutsche Bank AG              4.200 12/27/2018    EUR    64.900
Commerzbank AG                8.750  8/24/2018    EUR    68.540
Commerzbank AG               17.000  6/22/2018    EUR    40.960
Deutsche Bank AG              8.200 12/27/2018    EUR    72.500
Deutsche Bank AG              8.200  9/25/2018    EUR    68.400
Deutsche Bank AG              8.200 12/27/2018    EUR    70.000
Vontobel Financial Product    7.500   1/2/2019    EUR    71.550
Vontobel Financial Product   10.000 11/23/2018    EUR    64.300
Vontobel Financial Product   14.000  9/28/2018    EUR    60.920
Vontobel Financial Product    6.500   1/2/2019    EUR    70.750
Vontobel Financial Product    8.550   1/2/2019    EUR    67.400
Vontobel Financial Product   13.000   1/2/2019    EUR    62.340
Vontobel Financial Product    6.500  9/28/2018    EUR    69.260
Vontobel Financial Product    9.050  9/28/2018    EUR    65.400
Vontobel Financial Product   12.000  9/28/2018    EUR    62.180
DZ Bank AG Deutsche Zentra    6.300  9/24/2018    EUR    68.400
DZ Bank AG Deutsche Zentra    6.100 12/24/2018    EUR    69.730
DZ Bank AG Deutsche Zentra    5.100  3/18/2019    EUR    70.290
DZ Bank AG Deutsche Zentra    5.000   1/2/2019    EUR    68.430
DZ Bank AG Deutsche Zentra    7.750  6/22/2018    EUR    69.660
Commerzbank AG                6.750  6/22/2018    EUR    68.700
Commerzbank AG               26.750  6/22/2018    EUR    66.560
DZ Bank AG Deutsche Zentra    5.000  3/18/2019    EUR    61.870
Vontobel Financial Product   14.550  9/28/2018    EUR    38.450
Vontobel Financial Product    4.500  9/28/2018    EUR    73.910
Zurcher Kantonalbank Finan    6.509  10/5/2018    CHF    44.630
Kontsessii Vodosnabzheniya   12.000   4/7/2031    RUB    62.430
Araratbank OJSC               7.000  6/18/2019    USD    25.545
Leonteq Securities AG        10.200 10/24/2018    EUR    63.820
Raiffeisen Schweiz Genosse    6.500   7/2/2018    USD    69.940
Leonteq Securities AG         8.400  9/27/2018    USD    45.140
Landesbank Hessen-Thuering    4.000 10/14/2020    EUR    67.790
DZ Bank AG Deutsche Zentra   15.000  8/22/2018    EUR    70.590
Vontobel Financial Product    7.550  6/22/2018    EUR    71.980
Commerzbank AG               19.000 10/26/2018    EUR    70.130
Commerzbank AG               18.000 11/23/2018    EUR    71.300
HSBC Trinkaus & Burkhardt     4.200 12/28/2018    EUR    71.170
Deutsche Bank AG              5.200  7/25/2018    EUR    73.300
Deutsche Bank AG              5.200  7/25/2018    EUR    63.600
Deutsche Bank AG              5.200 12/27/2018    EUR    69.500
HSBC Trinkaus & Burkhardt     5.600 12/28/2018    EUR    68.760
Commerzbank AG                3.000 11/23/2018    EUR    63.580
BNP Paribas Emissions- und    9.500  9/27/2018    EUR    70.930
BNP Paribas Emissions- und    8.500 12/31/2018    EUR    72.530
Deutsche Bank AG              4.200 10/24/2018    EUR    68.900
Deutsche Bank AG              4.200 11/21/2018    EUR    69.300
Deutsche Bank AG              4.200  3/19/2019    EUR    71.200
DZ Bank AG Deutsche Zentra    4.750  3/18/2019    EUR    72.430
DZ Bank AG Deutsche Zentra    6.200  3/18/2019    EUR    73.850
DZ Bank AG Deutsche Zentra    5.250 12/24/2018    EUR    69.640
DZ Bank AG Deutsche Zentra    5.000  3/18/2019    EUR    70.640
Commerzbank AG               19.000  6/22/2018    EUR    69.380
Commerzbank AG               15.000  7/27/2018    EUR    68.850
Commerzbank AG               17.000  7/27/2018    EUR    65.460
Commerzbank AG               21.000  7/27/2018    EUR    60.390
Commerzbank AG               23.000  7/27/2018    EUR    58.380
Commerzbank AG               15.500  8/24/2018    EUR    67.850
Commerzbank AG               21.500  8/24/2018    EUR    59.900
Commerzbank AG               16.000  9/28/2018    EUR    66.770
Commerzbank AG               20.000  9/28/2018    EUR    61.520
Commerzbank AG               15.000 10/26/2018    EUR    68.270
Commerzbank AG               17.000 10/26/2018    EUR    65.250
Commerzbank AG               19.000 10/26/2018    EUR    62.710
Commerzbank AG               14.250 11/23/2018    EUR    69.440
Commerzbank AG               18.250 11/23/2018    EUR    63.580
Vontobel Financial Product    7.500 11/23/2018    EUR    71.830
DZ Bank AG Deutsche Zentra    5.250   1/2/2019    EUR    66.840
BNP Paribas Emissions- und    7.000  9/27/2018    EUR    38.600
BNP Paribas Emissions- und    7.000 12/31/2018    EUR    40.430
BNP Paribas Emissions- und    8.000 12/31/2018    EUR    39.150
BNP Paribas Emissions- und    7.500  9/27/2018    EUR    70.430
BNP Paribas Emissions- und    6.500 12/31/2018    EUR    71.520
BNP Paribas Emissions- und   15.000  9/27/2018    EUR    68.840
Vontobel Financial Product    7.000  1/25/2019    EUR    66.760
BNP Paribas Emissions- und   14.000  9/27/2018    EUR    66.690
BNP Paribas Emissions- und   11.000 12/31/2018    EUR    70.920
BNP Paribas Emissions- und    9.500  6/27/2019    EUR    73.770
BNP Paribas Emissions- und   10.000  9/27/2018    EUR    69.210
BNP Paribas Emissions- und    9.000 12/31/2018    EUR    71.740
BNP Paribas Emissions- und   11.000 12/31/2018    EUR    68.210
Leonteq Securities AG/Guer    8.000 12/27/2019    EUR    66.640
EFG International Finance    10.000 12/28/2018    EUR    69.640
Landesbank Hessen-Thuering    7.250  3/15/2023    EUR    69.490
Raiffeisen Schweiz Genosse    8.750 12/27/2018    CHF    48.910
Commerzbank AG                4.500  6/22/2018    EUR    73.370
Commerzbank AG                5.500  8/24/2018    EUR    70.370
Commerzbank AG                5.750  9/28/2018    EUR    70.130
Commerzbank AG                6.000 10/26/2018    EUR    70.180
Commerzbank AG                8.000 10/26/2018    EUR    66.380
HSBC Trinkaus & Burkhardt    16.000  6/22/2018    EUR    70.140
Vontobel Financial Product   15.550  9/28/2018    EUR    68.910
DZ Bank AG Deutsche Zentra    8.250 12/24/2018    EUR    61.570
DZ Bank AG Deutsche Zentra    8.750 12/24/2018    EUR    68.430
EFG International Finance    12.600 11/29/2018    EUR    65.020
DZ Bank AG Deutsche Zentra    5.250  3/22/2019    EUR    64.900
DZ Bank AG Deutsche Zentra   13.000  6/22/2018    EUR    71.590
DZ Bank AG Deutsche Zentra   12.250  6/22/2018    EUR    70.040
DZ Bank AG Deutsche Zentra    8.000  6/22/2018    EUR    70.000
DZ Bank AG Deutsche Zentra    9.250  6/22/2018    EUR    67.210
Commerzbank AG               13.000  3/13/2023    USD     9.250
Raiffeisen Schweiz Genosse    5.000  8/29/2018    CHF    73.230
BNP Paribas Emissions- und    8.000 12/31/2018    EUR    40.310
BNP Paribas Emissions- und   10.000 12/31/2018    EUR    41.330
DZ Bank AG Deutsche Zentra    4.750  9/24/2018    EUR    56.710
Bank Julius Baer & Co Ltd/    5.600  12/5/2018    CHF    75.050
BNP Paribas Emissions- und   19.000 12/31/2018    EUR    45.940
DZ Bank AG Deutsche Zentra    8.250 12/24/2018    EUR    62.410
HSBC Trinkaus & Burkhardt     7.000 12/28/2018    EUR    60.900
BNP Paribas Emissions- und   13.000 12/31/2018    EUR    42.870
DekaBank Deutsche Girozent    3.000   1/7/2019    EUR    67.110
Credit Suisse AG/London       9.000  1/23/2020    USD     7.920
Vontobel Financial Product    6.500   1/2/2019    EUR    70.470
Raiffeisen Schweiz Genosse   10.000 12/31/2024    CHF    71.940
Vontobel Financial Product    7.000 12/27/2019    EUR    68.260
Vontobel Financial Product    9.500  9/28/2018    EUR    68.300
Polski Bank Spoldzielczy w    4.780  6/18/2020    PLN    50.000
BNP Paribas Emissions- und    3.000 12/31/2018    EUR    71.480
Vontobel Financial Product    6.000   1/2/2019    EUR    65.040
UniCredit Bank AG             3.500  1/29/2020    EUR    47.810
Vontobel Financial Product    7.500   1/2/2019    EUR    65.820
Vontobel Financial Product    8.000  9/28/2018    EUR    67.870
Vontobel Financial Product    8.500   1/2/2019    EUR    67.380
Vontobel Financial Product   10.000   1/2/2019    EUR    68.200
UniCredit Bank AG             3.500 12/19/2019    EUR    51.250
EFG International Finance     7.000 11/27/2019    EUR    10.020
Commerzbank AG                8.250 10/26/2018    EUR    69.540
Commerzbank AG                9.500  9/28/2018    EUR    67.940
Landesbank Hessen-Thuering    4.250   7/9/2019    EUR    62.800
Vontobel Financial Product    6.550  9/28/2018    EUR    67.450
Vontobel Financial Product   10.500   1/2/2019    EUR    55.040
Vontobel Financial Product    5.500   1/2/2019    EUR    52.450
Vontobel Financial Product   10.500  9/28/2018    EUR    55.140
Raiffeisen Schweiz Genosse    3.000  9/22/2020    CHF    73.580
DekaBank Deutsche Girozent    2.750  7/17/2019    EUR    48.050
HSBC Trinkaus & Burkhardt     9.900 12/28/2018    EUR    63.960
Vontobel Financial Product    2.850  9/21/2018    EUR    73.440
Vontobel Financial Product   12.000 12/14/2018    EUR    61.220
Vontobel Financial Product   14.900 12/14/2018    EUR    70.200
HSBC Trinkaus & Burkhardt     5.600  8/24/2018    EUR    68.720
Vontobel Financial Product    9.400 12/14/2018    EUR    63.460
Vontobel Financial Product   10.700 12/14/2018    EUR    62.280
Vontobel Financial Product   12.000  9/14/2018    EUR    72.190
HSBC Trinkaus & Burkhardt     7.700 12/28/2018    EUR    67.090
HSBC Trinkaus & Burkhardt     5.800  3/22/2019    EUR    71.600
HSBC Trinkaus & Burkhardt     5.800 11/23/2018    EUR    70.050
Vontobel Financial Product   15.450  9/14/2018    EUR    69.240
HSBC Trinkaus & Burkhardt     5.000 12/28/2018    EUR    72.020
Vontobel Financial Product   12.800  9/21/2018    EUR    71.490
Vontobel Financial Product   13.800 12/14/2018    EUR    71.310
HSBC Trinkaus & Burkhardt    10.600  6/22/2018    EUR    42.910
UniCredit Bank AG             3.750   9/7/2020    EUR    44.710
HSBC Trinkaus & Burkhardt     5.400  9/28/2018    EUR    46.420
Vontobel Financial Product    7.000 11/23/2018    EUR    66.160
DZ Bank AG Deutsche Zentra    8.250   1/2/2019    EUR    64.530
UniCredit Bank AG             4.600   7/2/2018    EUR    33.350
Landesbank Hessen-Thuering    4.000   4/8/2019    EUR    67.340
Vontobel Financial Product    3.050 12/14/2018    EUR    69.910
Vontobel Financial Product    4.100 12/14/2018    EUR    62.750
Deutsche Bank AG              6.200  9/24/2018    EUR    70.370
UniCredit Bank AG             3.750  10/2/2020    EUR    42.640
DZ Bank AG Deutsche Zentra   11.250   1/2/2019    EUR    61.390
Vontobel Financial Product    4.400 12/14/2018    EUR    66.770
Vontobel Financial Product    5.450 12/14/2018    EUR    68.230
Landesbank Baden-Wuerttemb    8.000  6/22/2018    EUR    64.420
Landesbank Baden-Wuerttemb    2.000  6/22/2018    EUR    74.200
Landesbank Baden-Wuerttemb    3.000  6/28/2019    EUR    43.750
Commerzbank AG               11.250  6/22/2018    EUR    71.390
UBS AG/London                 5.200   1/3/2019    EUR    70.330
Deutsche Bank AG              6.200  9/24/2018    EUR    73.170
Deutsche Bank AG              6.200  9/24/2018    EUR    70.370
Deutsche Bank AG              6.200  3/18/2019    EUR    72.550
Deutsche Bank AG              6.200 12/24/2018    EUR    71.540
Deutsche Bank AG              6.200  9/24/2018    EUR    73.170
Deutsche Bank AG              6.200 12/24/2018    EUR    71.540
UniCredit Bank AG             5.000  6/25/2019    EUR    36.840
Vontobel Financial Product    9.500 11/23/2018    EUR    39.900
Deutsche Bank AG              4.200  9/24/2018    EUR    69.860
DekaBank Deutsche Girozent    2.750  9/18/2018    EUR    65.810
Landesbank Hessen-Thuering    4.000  4/30/2019    EUR    38.240
Vontobel Financial Product    6.400 12/14/2018    EUR    55.380
Vontobel Financial Product    7.600 12/14/2018    EUR    55.940
UniCredit Bank AG             4.100  11/7/2018    EUR    72.470
UniCredit Bank AG             5.000  11/5/2018    EUR    59.490
Vontobel Financial Product    8.800 12/14/2018    EUR    56.500
Vontobel Financial Product    6.600 12/14/2018    EUR    67.800
Vontobel Financial Product    8.450 12/14/2018    EUR    64.830
Deutsche Bank AG              6.200  3/18/2019    EUR    72.550
Deutsche Bank AG              6.200  6/24/2019    EUR    72.990
EFG International Finance     7.200  2/25/2019    EUR     4.460
Vontobel Financial Product    7.750 12/14/2018    EUR    69.380
Landesbank Baden-Wuerttemb    3.350  6/22/2018    EUR    66.490
Leonteq Securities AG         5.000   5/7/2019    CHF    70.230
UBS AG/London                 6.000  3/28/2019    EUR    67.670
Deutsche Bank AG              4.200  6/24/2019    EUR    73.360
Deutsche Bank AG              4.200  6/24/2019    EUR    70.970
Deutsche Bank AG              4.200  9/24/2018    EUR    69.860
Deutsche Bank AG              4.200 12/24/2018    EUR    73.180
Deutsche Bank AG              4.200 12/24/2018    EUR    70.530
Deutsche Bank AG              4.200  3/18/2019    EUR    71.070
Bank Julius Baer & Co Ltd/    8.550 12/12/2018    CHF    50.550
Deutsche Bank AG              4.200  9/24/2018    EUR    72.660
Deutsche Bank AG              4.200  9/24/2018    EUR    72.660
Deutsche Bank AG              4.200 12/24/2018    EUR    70.530
Deutsche Bank AG              4.200  6/24/2019    EUR    73.360
Koncessii Teplosnabzheniya   11.000 11/11/2032    RUB    62.120
Deutsche Bank AG              4.200  3/18/2019    EUR    71.070
Deutsche Bank AG              4.200  6/24/2019    EUR    70.970
Zurcher Kantonalbank Finan    3.000 12/12/2018    CHF    48.120
EFG International Finance     6.400   4/9/2020    EUR    73.600
Landesbank Hessen-Thuering    8.000  5/15/2020    EUR    66.110
Vontobel Financial Product    8.250  9/28/2018    EUR    69.010
VTB Bank PJSC                 9.000   9/1/2044    RUB    62.010
Raiffeisen Switzerland BV     9.000   4/1/2019    EUR     9.570
SG Issuer SA                  0.820   8/2/2021    SEK    56.210
Commerzbank AG                7.250 10/26/2018    EUR    70.720
Commerzbank AG                9.250 10/26/2018    EUR    68.430
Commerzbank AG               10.250  8/24/2018    EUR    66.820
Vontobel Financial Product    8.000   1/2/2019    EUR    59.280
Vontobel Financial Product   10.000   1/2/2019    EUR    59.120
BNP Paribas Emissions- und   17.000 12/31/2018    EUR    67.720
BNP Paribas Emissions- und   13.000 12/31/2018    EUR    52.990
BNP Paribas Emissions- und   15.000 12/31/2018    EUR    51.210
Deutsche Bank AG              3.200  3/19/2019    EUR    69.500
UBS AG/London                 8.400   1/3/2019    EUR    63.820
EFG International Finance    11.000 12/20/2018    EUR    62.480
UniCredit Bank AG             5.500   1/4/2019    EUR    70.250
UniCredit Bank AG            15.000   1/4/2019    EUR    72.580
UBS AG/London                12.900   1/3/2019    EUR    72.850
UBS AG/London                 7.000   1/3/2019    EUR    67.030
UBS AG/London                19.000   1/3/2019    EUR    57.780
DekaBank Deutsche Girozent    2.750 10/29/2018    EUR    34.260
UBS AG/London                 5.600  6/27/2019    EUR    71.980
UBS AG/London                 5.600  9/26/2019    EUR    72.900
UniCredit Bank AG             5.000  7/30/2018    EUR    38.760
UBS AG/London                13.100   1/3/2019    EUR    59.880
UBS AG/London                14.700   1/3/2019    EUR    71.490
Landesbank Baden-Wuerttemb    4.000  6/22/2018    EUR    37.990
UBS AG/London                 4.800  3/28/2019    EUR    71.010
Landesbank Baden-Wuerttemb    3.000  7/26/2019    EUR    49.620
UBS AG/London                 8.750   6/6/2019    EUR    64.150
UBS AG/London                 5.000  9/27/2018    EUR    69.090
DekaBank Deutsche Girozent    2.800  5/13/2019    EUR    73.120
Raiffeisen Schweiz Genosse    4.300   6/5/2019    CHF    70.450
UniCredit Bank AG            12.700  9/28/2018    EUR    68.860
UniCredit Bank AG            14.900  9/28/2018    EUR    61.420
UniCredit Bank AG            13.300  9/28/2018    EUR    62.790
Deutsche Bank AG              3.200  6/25/2019    EUR    69.300
UniCredit Bank AG             7.600  9/28/2018    EUR    64.520
UniCredit Bank AG             3.800  7/23/2020    EUR    43.580
UniCredit Bank AG            14.400  9/28/2018    EUR    72.430
UniCredit Bank AG             6.300  9/28/2018    EUR    70.000
UniCredit Bank AG            12.800   1/4/2019    EUR    69.370
Landesbank Baden-Wuerttemb    3.000  6/22/2018    EUR    64.270
Landesbank Baden-Wuerttemb    3.500  7/27/2018    EUR    38.160
Leonteq Securities AG/Guer   10.600  3/15/2019    CHF    51.150
Vontobel Financial Product    5.400   1/6/2020    EUR    73.250
UniCredit Bank AG            11.800  9/28/2018    EUR    64.320
Landesbank Baden-Wuerttemb    3.000  8/24/2018    EUR    53.880
Landesbank Baden-Wuerttemb    3.200  7/27/2018    EUR    53.070
Landesbank Baden-Wuerttemb   12.400 11/23/2018    EUR    40.740
Landesbank Baden-Wuerttemb    5.000  6/22/2018    EUR    68.740
BNP Paribas Emissions- und    7.000  9/27/2018    EUR    70.700
BNP Paribas Emissions- und   10.000  9/27/2018    EUR    73.000
BNP Paribas Emissions- und    9.500 12/31/2018    EUR    74.150
BNP Paribas Emissions- und    9.500  9/27/2018    EUR    72.200
BNP Paribas Emissions- und    8.500 12/31/2018    EUR    73.680
BNP Paribas Emissions- und   10.000 12/31/2018    EUR    68.940
Deutsche Bank AG              4.200  9/25/2018    EUR    69.300
Deutsche Bank AG              4.200  9/25/2018    EUR    67.400
Deutsche Bank AG              4.200  9/25/2018    EUR    63.100
Deutsche Bank AG              4.200 12/27/2018    EUR    68.000
Deutsche Bank AG              6.200 12/27/2018    EUR    64.900
EFG International Finance     7.200  10/5/2020    USD    68.420
Raiffeisen Centrobank AG      7.653  3/19/2019    EUR    69.220
UBS AG/London                13.250   9/6/2018    CHF    51.000
Goldman Sachs & Co Wertpap   21.000  1/23/2019    EUR    67.560
Goldman Sachs & Co Wertpap   13.000  2/20/2019    EUR    71.870
Goldman Sachs & Co Wertpap   16.000 10/24/2018    EUR    68.760
Goldman Sachs & Co Wertpap   23.000 11/21/2018    EUR    66.540
Goldman Sachs & Co Wertpap    7.000  1/23/2019    EUR    72.770
Goldman Sachs & Co Wertpap    7.000  2/20/2019    EUR    73.170
Goldman Sachs & Co Wertpap    6.000  6/26/2019    EUR    72.250
Goldman Sachs & Co Wertpap    7.000 11/21/2018    EUR    71.750
Goldman Sachs & Co Wertpap    7.000 12/28/2018    EUR    72.330
UBS AG/London                17.500  9/27/2018    EUR    65.270
UBS AG/London                10.400  9/27/2018    EUR    70.520
Lehman Brothers Treasury C    7.500  7/31/2013    GBP     2.571
Lehman Brothers Treasury C    7.320  7/31/2013    GBP     2.571
Lehman Brothers Treasury C    3.500  6/20/2011    EUR     2.571
Lehman Brothers Treasury C    5.500  6/22/2010    USD     6.000
Lehman Brothers Treasury C   10.000 10/22/2008    USD     2.571
Lehman Brothers Treasury C    3.450  5/23/2013    USD     2.571
Lehman Brothers Treasury C    7.500  2/14/2010    AUD     2.571
TransFin-M PAO               10.000  10/3/2024    RUB    63.000
Business-Consulting OAO       9.000  3/26/2020    RUB    62.380
Center-Invest Commercial B    8.500 11/13/2018    RUB    61.310
TransFin-M PAO               10.500  2/26/2025    RUB    63.000
Lehman Brothers Treasury C    4.600  11/9/2011    EUR     6.000
Lehman Brothers Treasury C    4.800 11/16/2012    HKD     2.571
Lehman Brothers Treasury C   12.220 11/21/2017    USD     2.571
Digital Invest OOO            7.350  4/21/2020    RUB     0.140
Lehman Brothers Treasury C   10.000  2/16/2009    CHF     2.571
Lehman Brothers Treasury C    5.375   2/4/2014    USD     2.571
Ladya-Finans LLC             12.000 10/29/2021    RUB    62.010
Societe Generale SA           0.500  5/22/2024    MXN    59.358
Lehman Brothers Treasury C    1.000  2/26/2010    USD     2.571
Oberoesterreichische Lande    0.300  4/25/2042    EUR    70.965
Lehman Brothers Treasury C   11.000  2/16/2009    CHF     2.571
Societe Generale SA           0.500  4/30/2023    RUB    71.171
Lehman Brothers Treasury C    5.500 11/30/2012    CZK     2.571
Aragon OOO                   10.250   5/4/2022    RUB    65.000
Lehman Brothers Treasury C    7.800  3/31/2018    USD     2.571
Lehman Brothers Treasury C    7.150  3/21/2013    USD     2.571
Lehman Brothers Treasury C    7.050   4/8/2015    USD     2.571
Lehman Brothers Treasury C    4.000  3/10/2011    EUR     2.571
Lehman Brothers Treasury C   11.750   3/1/2010    EUR     2.571
Digital Invest OOO            7.350   4/9/2021    RUB     0.170
Digital Invest OOO            7.350   4/7/2021    RUB     0.140
Lehman Brothers Treasury C    6.000  2/19/2023    USD     2.571
SAir Group                    6.250 10/27/2002    CHF    13.125
Lenenergo PJSC                7.850   7/9/2025    RUB    99.950
Lehman Brothers Treasury C    4.200  12/3/2008    HKD     6.000
Risland OOO                   9.250  1/10/2019    RUB     1.000
Finstone OOO                  9.250  1/10/2019    RUB   100.000
Lehman Brothers Treasury C    1.950  11/4/2013    EUR     2.571
Lehman Brothers Treasury C    4.870  10/8/2013    USD     2.571
Lehman Brothers Treasury C    4.680 12/12/2045    EUR     2.571
Lehman Brothers Treasury C    6.700  4/21/2011    USD     2.571
Lehman Brothers Treasury C    7.500  6/15/2017    USD     2.571
Kaupthing ehf                 5.250  7/18/2017    BGN     0.250
Lehman Brothers Treasury C    4.100  6/10/2014    SGD     6.000
Lehman Brothers Treasury C    2.480  5/12/2009    USD     2.571
Lehman Brothers Treasury C    4.000  5/30/2010    USD     2.571
TransFin-M PAO               12.500  8/11/2025    RUB    63.000
Lehman Brothers Treasury C    6.000 12/30/2017    EUR     2.571
Lehman Brothers Treasury C   10.000   8/2/2037    JPY     2.571
Lehman Brothers Treasury C   13.000  7/25/2012    EUR     2.571
Lehman Brothers Treasury C    8.050 12/20/2010    HKD     2.571
Lehman Brothers Treasury C    3.000  12/3/2012    EUR     2.571
Lehman Brothers Treasury C    7.060 12/29/2008    EUR     2.571
Lehman Brothers Treasury C    0.500 12/20/2017    USD     2.571
Lehman Brothers Treasury C    0.500 12/20/2017    AUD     2.571
Lehman Brothers Treasury C    9.300 12/21/2010    EUR     2.571
Lehman Brothers Treasury C    0.500 12/20/2017    USD     2.571
Lehman Brothers Treasury C   16.000  10/8/2008    CHF     2.571
Lehman Brothers Treasury C   14.900 11/16/2010    EUR     2.571
Lehman Brothers Treasury C    2.500  11/9/2011    CHF     2.571
Kaupthing ehf                 3.750  2/15/2024    ISK     0.250
Rosbank PJSC                  0.040  4/30/2024    RUB   100.000
National Capital JSC          9.250  4/22/2019    RUB   100.000
Nota-Bank OJSC               13.500   4/1/2016    RUB    31.500
Lehman Brothers Treasury C    3.000  8/13/2011    EUR     2.571
Lehman Brothers Treasury C    0.500 12/20/2017    AUD     6.000
Lehman Brothers Treasury C   11.000 12/20/2017    AUD     2.571
Lehman Brothers Treasury C    4.000   1/4/2011    USD     2.571
Lehman Brothers Treasury C    0.500 12/20/2017    AUD     2.571
Lehman Brothers Treasury C    8.800 12/27/2009    EUR     2.571
Lehman Brothers Treasury C    7.625  7/22/2011    HKD     2.571
Lehman Brothers Treasury C    6.720 12/29/2008    EUR     2.571
Lehman Brothers Treasury C    2.500  8/23/2012    GBP     2.571
Lehman Brothers Treasury C    4.000  7/27/2011    EUR     2.571
Lehman Brothers Treasury C    5.000  8/16/2017    EUR     6.000
United Confectioners Finan    8.000   4/3/2023    RUB    65.000
Lehman Brothers Treasury C    2.250  5/12/2009    USD     2.571
Lehman Brothers Treasury C    2.750 10/28/2009    EUR     2.571
Barclays Bank PLC             1.645   6/3/2041    USD    70.900
Lehman Brothers Treasury C    7.000  9/20/2011    USD     2.571
Lehman Brothers Treasury C   16.800  8/21/2009    USD     2.571
Lehman Brothers Treasury C    6.450  2/20/2010    AUD     2.571
Lehman Brothers Treasury C    6.600  5/23/2012    AUD     2.571
Lehman Brothers Treasury C   16.000 10/28/2008    USD     2.571
Lehman Brothers Treasury C    5.250   7/8/2014    EUR     2.571
Lehman Brothers Treasury C    4.000  8/11/2010    USD     6.000
Lehman Brothers Treasury C    4.300   6/4/2012    USD     2.571
Lehman Brothers Treasury C    6.250   9/5/2011    EUR     2.571
Lehman Brothers Treasury C    4.600   8/1/2013    EUR     2.571
Lehman Brothers Treasury C   14.100 11/12/2008    USD     2.571
Lehman Brothers Treasury C    6.000   8/7/2013    EUR     2.571
Lehman Brothers Treasury C    8.280  7/31/2013    GBP     2.571
Lehman Brothers Treasury C   12.000   7/4/2011    EUR     2.571
Lehman Brothers Treasury C    4.000   6/5/2011    USD     2.571
Barclays Bank PLC             1.988  12/1/2040    USD    72.885
Lehman Brothers Treasury C    7.500  5/30/2010    AUD     2.571
Lehman Brothers Treasury C   11.000   5/9/2020    USD     2.571
IDGC of Centre PJSC           9.320  8/14/2026    RUB    70.020
Lehman Brothers Treasury C   13.150 10/30/2008    USD     2.571
Center-Invest Commercial B    8.250  5/22/2019    RUB    61.910
Metalenergmontazh OOO        10.000   5/7/2020    RUB    63.070
Lehman Brothers Treasury C    4.500   3/7/2015    EUR     2.571
Kommunekredit                 0.500  5/11/2029    CAD    75.236
Lehman Brothers Treasury C    0.750  3/29/2012    EUR     2.571
Lehman Brothers Treasury C    7.000   6/6/2017    EUR     2.571
Banca Adriatica Spa           7.750  6/30/2018    EUR     1.237
Banca Adriatica Spa           8.000  6/30/2018    EUR     1.237
Lehman Brothers Treasury C    8.280  3/26/2009    USD     2.571
Lehman Brothers Treasury C    7.600  3/26/2009    EUR     2.571
Lehman Brothers Treasury C    2.000  5/17/2010    EUR     2.571
Invektor                      7.000  7/30/2019    RUB    63.000
Profit Garant Ltd             7.000  7/30/2019    RUB    94.300
Otkritie Holding JSC         10.000  9/17/2027    RUB     7.500
Lehman Brothers Treasury C    5.120  4/30/2027    EUR     2.571
Lehman Brothers Treasury C    4.100  8/23/2010    USD     2.571
Lehman Brothers Treasury C    4.150  8/25/2020    EUR     2.571
Lehman Brothers Treasury C    6.000  12/6/2016    USD     2.571
Lehman Brothers Treasury C    7.750  2/21/2016    EUR     2.571
Lehman Brothers Treasury C    4.900  7/28/2020    EUR     2.571
Lehman Brothers Treasury C    6.000  7/28/2010    EUR     2.571
Lehman Brothers Treasury C    6.000  7/28/2010    EUR     2.571
Lehman Brothers Treasury C    7.500   8/1/2035    EUR     2.571
Lehman Brothers Treasury C    7.000  7/11/2010    EUR     2.571
Lehman Brothers Treasury C    3.000   8/8/2017    EUR     2.571
Lehman Brothers Treasury C    6.500  5/16/2015    EUR     2.571
Lehman Brothers Treasury C    3.500  9/29/2017    EUR     2.571
Lehman Brothers Treasury C   10.000   1/4/2010    USD     2.571
Lehman Brothers Treasury C    0.010  9/20/2011    USD     2.571
Lehman Brothers Treasury C    1.500   2/8/2012    CHF     2.571
Lehman Brothers Treasury C    3.000  8/15/2017    EUR     2.571
Soyuz AKB OAO                13.000 11/22/2019    RUB    65.010
Lehman Brothers Treasury C    9.250  6/20/2012    USD     2.571
Societe Generale SA           0.000  6/26/2034    USD    57.334
Lehman Brothers Treasury C    3.000  9/13/2010    JPY     6.000
Lehman Brothers Treasury C   11.250 12/31/2008    USD     2.571
Lehman Brothers Treasury C   12.000  7/13/2037    JPY     2.571
Lehman Brothers Treasury C    8.500   7/6/2009    CHF     2.571
Lehman Brothers Treasury C    4.600   7/6/2016    EUR     2.571
Lehman Brothers Treasury C    7.500  9/13/2009    CHF     2.571
Lehman Brothers Treasury C    5.103  6/22/2046    EUR     2.571
Lehman Brothers Treasury C    4.500   8/2/2009    USD     2.571
Solomenskij Lesozavod ZAO    10.000  9/29/2021    RUB #N/A N/A
Lehman Brothers Treasury C    8.000  5/22/2009    USD     2.571
Lehman Brothers Treasury C    7.250  10/6/2008    EUR     2.571
Digital Invest OOO            7.350 10/22/2020    RUB     0.120
Lehman Brothers Treasury C    7.000 11/28/2008    CHF     2.571
Lehman Brothers Treasury C    4.500   3/6/2013    CHF     2.571
Lehman Brothers Treasury C    9.000  3/17/2009    GBP     2.571
Lehman Brothers Treasury C    4.000  4/24/2009    USD     2.571
Lehman Brothers Treasury C    9.000  6/13/2009    USD     2.571
Kaupthing ehf                 6.125  10/4/2016    USD     0.250
Lehman Brothers Treasury C    7.375  9/20/2008    EUR     2.571
Lehman Brothers Treasury C   10.500   8/9/2010    EUR     2.571
Lehman Brothers Treasury C    4.350   8/8/2016    SGD     6.000
Lehman Brothers Treasury C    8.000 12/27/2032    JPY     2.571
Lehman Brothers Treasury C    3.500  9/19/2017    EUR     2.571
KIT Finance Capital OOO       8.000  9/16/2026    RUB   100.000
Lehman Brothers Treasury C    4.820 12/18/2036    EUR     2.571
Lehman Brothers Treasury C    2.300  4/28/2014    JPY     2.571
Lehman Brothers Treasury C    3.000  6/23/2009    EUR     6.000
Lehman Brothers Treasury C    6.850 12/22/2008    EUR     2.571
Lehman Brothers Treasury C    3.630   3/2/2012    EUR     2.571
Lehman Brothers Treasury C    5.250 11/21/2009    USD     2.571
BTV Hybrid I GmbH             6.500               EUR    29.475
Kaupthing ehf                 7.500   2/1/2045    USD     0.259
Lehman Brothers Treasury C    5.000   8/1/2025    EUR     2.571
Lehman Brothers Treasury C    7.000  4/14/2009    EUR     2.571
Lehman Brothers Treasury C    6.000 10/24/2008    EUR     2.571
Lehman Brothers Treasury C    5.500  6/15/2009    CHF     2.571
Lehman Brothers Treasury C    8.000   8/3/2009    USD     2.571
Lehman Brothers Treasury C    1.500 10/25/2011    EUR     2.571
Lehman Brothers Treasury C    4.500  7/24/2014    EUR     2.571
Lehman Brothers Treasury C    5.750  6/15/2009    CHF     2.571
Lehman Brothers Treasury C    3.850  4/24/2009    USD     2.571
Lehman Brothers Treasury C   10.000  3/27/2009    USD     2.571
Lehman Brothers Treasury C    0.250  7/21/2014    EUR     2.571
Lehman Brothers Treasury C    7.500 10/24/2008    USD     2.571
Lehman Brothers Treasury C    4.950 10/25/2036    EUR     2.571
Lehman Brothers Treasury C    7.750  1/30/2009    EUR     2.571
Lehman Brothers Treasury C    5.000 10/24/2008    CHF     2.571
Lehman Brothers Treasury C    4.000 10/24/2012    EUR     2.571
Lehman Brothers Treasury C    4.000 11/24/2016    EUR     2.571
Lehman Brothers Treasury C    7.585 11/22/2009    MXN     6.000
Lehman Brothers Treasury C    4.000  4/13/2011    CHF     2.571
HSBC Bank PLC                 0.500  12/8/2026    AUD    73.456
Lehman Brothers Treasury C    4.700  3/23/2016    EUR     2.571
Lehman Brothers Treasury C    3.700   6/6/2009    EUR     2.571
Univer Capital LLC           12.000   3/6/2019    RUB    59.000
Lehman Brothers Treasury C    4.250  3/13/2021    EUR     2.571
Lehman Brothers Treasury C    0.500  2/16/2009    EUR     2.571
KIT Finance Capital OOO      10.900 10/13/2026    RUB   100.500
Lehman Brothers Treasury C    5.250  5/26/2026    EUR     2.571
KIT Finance Capital OOO       9.800  3/21/2022    RUB   100.500
Lehman Brothers Treasury C    2.000 11/16/2009    EUR     2.571
Lehman Brothers Treasury C    6.000  3/17/2011    EUR     2.571
Lehman Brothers Treasury C    4.700  3/23/2016    EUR     2.571
KIT Finance Capital OOO      10.530   9/4/2019    RUB    66.670
HSBC Bank PLC                 0.500  1/29/2027    NZD    74.134
Priam JSC                    11.000  12/3/2026    RUB    98.500
Digital Invest OOO            7.350  11/3/2020    RUB     0.140
Kommunalbanken AS             0.500 12/16/2020    TRY    65.854
TransFin-M PAO               10.500  6/17/2024    RUB    63.000
Lehman Brothers Treasury C    7.550 12/29/2008    USD     2.571
Lehman Brothers Treasury C    3.820 10/20/2009    USD     2.571
Lehman Brothers Treasury C    5.000  12/6/2011    EUR     2.571
KIT Finance Capital OOO      11.500  12/9/2026    RUB    98.900
Lehman Brothers Treasury C   13.000 12/14/2012    USD     2.571
Lehman Brothers Treasury C    4.100  5/20/2009    USD     2.571
Eiendomskreditt AS            4.420               NOK    56.982
Lehman Brothers Treasury C    2.370  7/15/2013    USD     2.571
Kaupthing ehf                 7.500  12/5/2014    ISK     0.250
Kaupthing ehf                 6.500  10/8/2010    ISK     0.250
Lehman Brothers Treasury C    2.300  6/27/2013    USD     2.571
Landes-Hypothekenbank Stei    0.023   3/7/2043    EUR    70.065
Lehman Brothers Treasury C    5.000  3/13/2009    EUR     2.571
Commerzbank AG                6.000  1/25/2019    EUR    72.460
Lehman Brothers Treasury C    6.500  7/24/2026    EUR     2.571
Lehman Brothers Treasury C    5.000  4/24/2017    EUR     2.571
Lehman Brothers Treasury C    7.390   5/4/2017    USD     2.571
Societe Generale SA           0.500   4/3/2023    RUB    71.753
Lehman Brothers Treasury C    4.500   5/2/2017    EUR     6.000
Lehman Brothers Treasury C    6.000  5/23/2018    CZK     2.571
Lehman Brothers Treasury C    4.000  5/17/2010    USD     2.571
Credit Suisse AG/London       3.000 11/15/2025    ZAR    66.093
Lehman Brothers Treasury C    5.000  2/28/2032    EUR     2.571
Lehman Brothers Treasury C    0.250 10/19/2012    CHF     2.571
Lehman Brothers Treasury C    3.500 10/24/2011    USD     2.571
Lehman Brothers Treasury C    1.680   3/5/2015    EUR     2.571
Lehman Brothers Treasury C    6.750   4/5/2012    EUR     2.571
Lehman Brothers Treasury C    0.800 12/30/2016    EUR     2.571
Lehman Brothers Treasury C    3.350 10/13/2016    EUR     2.571
Lehman Brothers Treasury C    4.250  5/15/2010    EUR     2.571
Lehman Brothers Treasury C    1.750   2/7/2010    EUR     2.571
Lehman Brothers Treasury C    6.000  6/21/2011    EUR     2.571
Lehman Brothers Treasury C    7.000  2/15/2012    EUR     2.571
Lehman Brothers Treasury C    4.100  2/19/2010    EUR     2.571
Lehman Brothers Treasury C    6.600  2/22/2012    EUR     2.571
Lehman Brothers Treasury C    4.690  2/19/2017    EUR     2.571
Lehman Brothers Treasury C    5.200  3/19/2018    EUR     2.571
Lehman Brothers Treasury C    6.000  5/12/2017    EUR     2.571
Lehman Brothers Treasury C    7.500   5/2/2017    EUR     2.571
Lehman Brothers Treasury C    3.500 10/31/2011    USD     2.571
Lehman Brothers Treasury C   18.250  10/2/2008    USD     2.571
Lehman Brothers Treasury C    3.400  9/21/2009    HKD     2.571
Lehman Brothers Treasury C    4.000 10/12/2010    USD     2.571
Lehman Brothers Treasury C    1.500 10/12/2010    EUR     2.571
Lehman Brothers Treasury C    7.000 10/22/2010    EUR     2.571
Rosbank PJSC                  0.020  4/30/2024    RUB    61.900
Rosbank PJSC                  0.010  4/30/2024    RUB    61.900
Lehman Brothers Treasury C    6.600   2/9/2009    EUR     2.571
Lehman Brothers Treasury C    0.500 12/20/2017    AUD     2.571
Lehman Brothers Treasury C    8.000 12/31/2010    USD     2.571
Lehman Brothers Treasury C    0.500 12/20/2017    USD     2.571
Lehman Brothers Treasury C    0.500 12/20/2017    USD     2.571
Lehman Brothers Treasury C   16.000 12/26/2008    USD     2.571
Lehman Brothers Treasury C    7.750   1/3/2012    AUD     2.571
Lehman Brothers Treasury C    3.100   6/4/2010    USD     2.571
Lehman Brothers Treasury C    2.500  8/15/2012    CHF     2.571
Lehman Brothers Treasury C    5.000 11/22/2012    EUR     2.571
Lehman Brothers Treasury C   16.000  11/9/2008    USD     2.571
Lehman Brothers Treasury C    7.600   3/4/2010    NZD     2.571
Lehman Brothers Treasury C   10.000  6/17/2009    USD     2.571
Lehman Brothers Treasury C   17.000   6/2/2009    USD     2.571
Lehman Brothers Treasury C   13.432   1/8/2009    ILS     2.571
Lehman Brothers Treasury C    3.000   6/3/2010    EUR     2.571
Societe Generale SA           0.500  6/12/2023    RUB    70.535
Lehman Brothers Treasury C    0.500   6/2/2020    EUR     2.571
Lehman Brothers Treasury C   11.000   7/4/2011    USD     2.571
Lehman Brothers Treasury C    5.500   7/8/2013    EUR     2.571
National Capital JSC          9.800  9/15/2020    RUB   100.000
Lehman Brothers Treasury C   10.600  4/22/2014    MXN     2.571
Lehman Brothers Treasury C   16.200  5/14/2009    USD     2.571
Lehman Brothers Treasury C    9.000   5/6/2011    CHF     2.571
Lehman Brothers Treasury C    5.000  2/15/2018    EUR     2.571
LBI HF                        8.650   5/1/2011    ISK     8.375
Heta Asset Resolution AG      0.378 12/31/2023    EUR    34.625
Lehman Brothers Treasury C    8.000  3/21/2018    USD     2.571
Lehman Brothers Treasury C    8.875  1/28/2011    HKD     6.000
TransFin-M PAO               11.000  6/23/2021    RUB    65.000
Lehman Brothers Treasury C   12.400  6/12/2009    USD     2.571
Lehman Brothers Treasury C    9.750  6/22/2018    USD     2.571
Lehman Brothers Treasury C   15.000   6/4/2009    CHF     2.571
Lehman Brothers Treasury C    2.000  6/28/2011    EUR     2.571
Lehman Brothers Treasury C    4.000  12/2/2012    EUR     2.571
Lehman Brothers Treasury C    9.500   4/1/2018    USD     2.571
SAir Group                    2.750  7/30/2004    CHF    13.125
Lehman Brothers Treasury C    2.300   6/6/2013    USD     2.571
Lehman Brothers Treasury C    1.460  2/19/2012    JPY     6.000



                            *********

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

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

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


                            *********


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

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

Copyright 2018.  All rights reserved.  ISSN 1529-2754.

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

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

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


                 * * * End of Transmission * * *