/raid1/www/Hosts/bankrupt/TCREUR_Public/190624.mbx        T R O U B L E D   C O M P A N Y   R E P O R T E R

                          E U R O P E

          Monday, June 24, 2019, Vol. 20, No. 125

                           Headlines



A Z E R B A I J A N

KAPITAL BANK: S&P Alters Outlook to Positive & Affirms 'BB-/B' ICRs


F R A N C E

3AB OPTIQUE: Fitch Assigns B LongTerm Issuer Default Rating
EVEREST BIDCO: Moody's Affirms B2 CFR & Alters Outlook to Negative


G E R M A N Y

ANTIN AMEDES: S&P Raises ICR to 'B' on Successful Debt Placement
RODENSTOCK GMBH: Moody's Ups Secured Credit Facilities Rating to B2


I R E L A N D

SHAMROCK RESIDENTIAL 2019-1: S&P Assigns (P)B Rating on F Notes


I T A L Y

MELILLI OUTLET: July 9 Auction Set for Commercial Complex


L A T V I A

AIR BALTIC: S&P Assigns Prelim. 'BB-' LongTerm ICR, Outlook Stable


L U X E M B O U R G

BEFESA SA: Moody's Rates EUR626MM Senior Credit Facilities 'Ba2'


N E T H E R L A N D S

MEDIARENA ACQUISITION: S&P Affirms 'CCC+' ICR, Outlook Stable


S P A I N

PAX MIDCO: S&P Assigns Prelim. 'B' Long-Term ICR, Outlook Stable


S W E D E N

OREXO AB: Egan-Jones Hikes Senior Unsecured Ratings to BB+


T U R K E Y

ISTANBUL: Moody's Lowers LongTerm Issuer Ratings to B1


U N I T E D   K I N G D O M

BATHSTORE: Set to Enter Into Administration, 700 Jobs at Risk
BURY FC: Proposes Company Voluntary Arrangement to Creditors
COBRA BEER: Karan Bilimoria Has Yet to Repay Creditors
EMERALD 2 LTD: Moody's Raises CFR to B2, Outlook Stable
INEOS GROUP: Fitch Affirms BB+ LongTerm IDR, Outlook Stable

JISTCOURT: Enters Administration, 50 Jobs at Risk
LONDON CAPITAL: Police Arrests Fifth Person in Collapse Probe
MORTIMER BTL 2019-1: Moody's Lowers Class E Notes to (P)Caa1
PATISSERIE VALERIE: Five People Arrested Over Accounting Fraud
PINNACLE BIDCO: Moody's Raises CFR to B2, Outlook Stable



X X X X X X X X

[*] BOND PRICING: For the Week June 17 to June 21, 2019

                           - - - - -


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A Z E R B A I J A N
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KAPITAL BANK: S&P Alters Outlook to Positive & Affirms 'BB-/B' ICRs
-------------------------------------------------------------------
S&P Global Ratings revised its outlook on Azerbaijan-based Kapital
Bank OJSC to positive from stable and affirmed its 'BB-/B' long-
and short-term issuer credit ratings.

The outlook revision reflects S&P's view that Kapital Bank's
creditworthiness may improve in the next 12 months if it continues
to strengthen its market franchise in Azerbaijan, especially in the
retail business. This could see the bank demonstrate sustainably
high profitability and operating revenue growth, while keeping
credit costs and asset quality under control, and preserving a
sufficiently high capital buffer.

In 2018, Kapital Bank saw active lending growth, supported by the
economic recovery in Azerbaijan. The bank's loan portfolio grew by
19% over 2018, mainly driven by unsecured lending to its retail
salary clients, and it took a 20% share of retail loans in the
country. This growth was spurred by its large base of salary
clients, close ties with a number of the largest government-related
entities (GREs), and its possession of the widest geographic
footprint among banks in the country. S&P said, "We note that, over
the past four years, the bank has strengthened its market share and
now represents about 13% of systemwide assets and customer deposits
versus 6% and 4% in 2015. Along the way, the bank has sustainably
increased operating revenues and profitability, which hit a record
high in 2018 with a ROAE of 36%, compared with a 5%-7% average for
the system. In our view, high profitability reflects management's
ability to maintain a relatively high margin, improve operating
efficiency, and keep credit costs under control."

S&P said, "We expect the bank will continue expanding its retail
portfolio in the coming years, focusing primarily on salary clients
with relatively low debt. In addition, we believe Kapital Bank will
further strengthen its market leadership in system-wide retail
loans and deposits in 2019-2020. Although, the bank's lending mix
is gradually shifting toward retail loans, we believe it will also
maintain close relationships with a number of GREs, remaining their
first-choice bank for keeping funds and taking loans in case of
need. Based on this, we think that the bank's business position may
improve, benefitting its business volumes and sustainability, and
therefore leading to stronger creditworthiness.

"In our view, the bank will likely maintain a sufficiently high
capital buffer, with a risk-adjusted capital ratio remaining of
7.8%-8.0% over the next 12-18 months. We expect that loan portfolio
growth will be 20%-30% in the next two years. Furthermore, the bank
will likely maintain solid profitability, with ROAE exceeding 25%
over the forecast horizon, due to a sustainably high net interest
margin (NIM), modest credit losses, and good operational
efficiency. We expect the shareholder, PASHA Holding, will provide
Azerbaijani manat (AZN) 20 million of capital in the form of
preferred shares, following a 2018 injection of AZN40 million. At
the same time, we forecast the bank will maintain relatively high
dividend distributions, with a dividend payout ratio of close to
60%.

"Kapital Bank's asset quality is good and stronger than that of
peers in Azerbaijan. In 2018, the bank reduced nonperforming loans
(NPLs), with Stage 3 (under International Financial Reporting
Standards) loans of 4.6% at year-end 2018, down from 7.1% a year
ago. This reduction was somewhat supported by the significant
growth of new lending observed in 2019. We note Kapital Bank
weathered the economic slowdown in Azerbaijan in 2015-2016 with
fewer credit losses and NPLs than peers. Although a gradual shift
to retail loans may bring higher credit losses, we believe that
lending to primarily salary clients, good underwriting and
collection practices, and a high NIM will secure the bank's
earnings from potential volatility.

Kapital Bank's key funding and liquidity metrics remain solid. The
bank's stable funding ratio stood at 220% as of Dec. 31, 2018,
while its loan-to-deposit metric was about 46%--both much stronger
than peers'. These sound funding metrics reflect a significant
liquidity buffer, with broad liquid assets representing 56% of the
bank's total assets. The bank holds a high buffer against current
accounts of large GREs, which materially increased their balances
over the past three years. Although these balances have been stable
so far, they increase the bank's funding concentrations. S&P
therefore does not consider the bank's liquidity profile
exceptional, despite the large liquidity buffer. This takes into
account the characteristics of its funding profile and S&P's
assessment of funding and liquidity remaining neutral to the
rating.

S&P said, "The positive outlook on Kapital Bank reflects our view
that the bank's creditworthiness may strengthen over the next 12
months. This view is based on the bank's growing franchise in the
country in general, and the strengthening of its leading position
in retail in particular.

"We could raise our rating on the bank in the next 12 months if the
bank improves its market positions and further strengthens its
leadership in retail lending and deposits, exhibiting business
stability, alongside solid financial performance. A positive rating
action will be possible only if the bank maintains at least
adequate capitalization and stable asset quality.

"We could revise the outlook to stable if the bank's capital
position came under pressure, for example, due to a combination of
higher-than-expected business growth and an aggressive capital
policy by the owner. Unexpected deterioration of the bank's asset
quality or more aggressive liquidity management may also lead to a
negative rating action."




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F R A N C E
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3AB OPTIQUE: Fitch Assigns B LongTerm Issuer Default Rating
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Fitch Ratings has assigned 3AB Optique Developpement S.A.S. a
Long-Term Issuer Default Rating of 'B' with Stable Outlook. 3AB is
the key issuer and consolidating entity of the Afflelou group, a
French retail chain operating as a franchisor in the optical and
hearing aid product markets in France, Spain, Belgium and
Switzerland.

The 'B' rating reflects Afflelou's high leverage as well as a
stable operating and financial performance, and its expectation
that such resilient performance will continue over the next 12 to
18 months. Results for the financial year ended July 2018 were
broadly in line with its expectations, albeit with revenue
increasing below Fitch's previous rating case projections due to a
softer performance in like-for-like sales growth in France. The
stores network, however, confirmed the trend of constant growth
over the last eight semesters.

Leverage remains high at around 6.0x on a funds from operations
(FFO) gross basis, but well within its guidance for a 'B' rating.
Fitch expects credit metrics to remain stable with a reduction in
net indebtedness underpinned by solid cash flow generation.

Fitch has withdrawn Lion/Seneca France S.A.S.'s IDR of 'B' due to
corporate reorganisation of the Afflelou group.

KEY RATING DRIVERS

Stable Trading Performance: Fitch expects Afflelou's trading
performance to be broadly stable over the next three financial
years, with sales CAGR of about 2% and a moderate increase in
EBITDA margins based on favourable changes in product mix. For
FY18, revenue increased by about 2% and EBITDA by around 4% to
EUR78 million, slightly below Fitch's expectations of EUR81
million. The difference was caused by lower-than-expected
like-for-like performance in France and lower margins, especially
on the discounts banners network, as a result of the restructuring
of those stores.

The network's like-for-like performance has confirmed, however, a
general trend of constant moderate growth over the last eight
semesters, underpinned by a strong backbone of operations in
France. Afflelou provides franchisees with services, including
sourcing contracts and bespoke marketing and promotion activities
valid throughout the chain; it also own proprietary points of
sales.

Moderate Impact from RAC Zero: Proposed changes in reimbursement
policies in France (RAC Zero) effective 2020, forcing opticians to
make available a number of fully reimbursed glasses packages, are
likely to create a trade-down effect in customers who are otherwise
prepared to spend marginally above the reimbursement thresholds.
Management expects this to shave 2% off French like-for-like
trading, less than for discount chains, as Afflelou is protected by
a majority of clients being in the higher price segment. Fitch,
consequently, factors in weaker growth for FY20, which will be
compensated by the effect of rollout of owned and franchised stores
and improvements in revenue and margins from investment in hearing
aids.

Positive Cash Flow, No Deleverage: Fitch forecasts Afflelou's FFO
adjusted gross leverage at around 6.0x through to FY22.
Deleveraging potential is impaired by a forecasted increase in tax
expenses, which leaves the group in line with the 'B' category in
its sector. However, free cash flow (FCF) generation remains
positive, driving a reduction of indebtedness on a net basis. Fitch
forecasts post-dividends FCF margins around 6% on average for
FY19-22, supported by interest savings achieved post-refinancing as
well as low capex and working capital.

Cash Upstream More Likely: Fitch observes differences in the
investment horizons of Afflelou's shareholders. Since its IPO was
shelved in FY17 private equity investors, as opposed to the
longer-term perspective of the family and remaining institutional
investors, are likely to be evaluating exit options. While any
formal decision on a full-scale refinancing, or a partial exit from
existing equity investors will be viewed as event-driven, Fitch
currently assumes a change in the dividend policy seeking the full
utilisation of the dividend baskets available under the senior
secured notes documentation. Its rating case projections factor in
a EUR35 million one-off distribution in FY20 and annual EUR6
million disbursements thereafter.

In the meantime, Afflelou will redeem an amount equivalent to EUR10
million of its current EUR175 million floating-rate notes before
end-FY19, distributing to bondholders part of the available cash
balances. Such creditor-friendly move involves an amount equivalent
to around 2.5% of outstanding notes. Fitch expects that this will
be offset by next year's dividend distributions (if materialised)
in addition to a partial redemption of the PIK note. Its rating
case does not forecast any further debt redemptions.

Limited Headroom for Footprint Expansion: Afflelou currently
operates with a mature network of around 1,400 stores between
France, Spain and other countries. Point-of-sales rollout is key to
supporting growth, leveraging on volumes and entry fees from new
stores, but room for further organic expansion is limited. Fitch
estimates a rollout potential of about 40 stores, of which around
one third would be in France and the remainder between other
countries and in the form of hearing aids-dedicated shops.
Opportunities in new geographies (e.g. Italy) arising from more
complex M&A transactions are not part of its rating case.

Optical Chains to Outgrow Market: Most external sources forecast
the European market of optical products would grow in line with
historical rates at about 2 to 3% annually until 2023, with Italy,
France and Benelux at over 3%. Chains are expected to outperform
the market due to stronger economies of scale and increased
sophistication of service, including the increasing application of
progressive lenses. Independents, under pressure by succession and
location-related issues, are expected to lose market share while
maintaining certain niches related to territorial spots or finer
services.

Favourable Trends on Visual Correction: The aging of the population
and the diffusion of myopia due to lifestyle dynamics is expected
to increase the sample of population in need of correction by 1%
annually in Europe. Moreover the availability of more sophisticated
solutions (e.g. progressive lenses) is expected to impact
positively on the adoption of glasses and on the frequency of
replacement cycles, as the impact of surgical alternatives appears
limited. The trend is more evident for hearing aids where the
correlation between age and hearing impairment is strengthened by
increasing adoption rates.


DERIVATION SUMMARY

Afflelou's ratings reflect the group's healthcare profile of
products and a retail distribution network, which is predominantly
franchised with owned stores. The credit risk of the retail
component is mitigated by a favourable reimbursement policy for
vision products in France, covered by the state and mutual
insurance policies. This provides for greater operational stability
compared with conventional high street retailers such as Novartex
SAS (CCC-/RWN), New Look Bonds Limited (CCC+), Financiere IKKS
S.A.S. (C), who face less predictable consumer behaviour, and as a
result, are exposed to higher sales and earnings uncertainties. The
business also compares favourably with Lux Midco (Sivantos-Widex,
(B(EXP)/Stable), a supplier of hearing aids. Sivantos' wider
footprint and stronger growth prospects of hearing aids allow for a
higher leverage for the same rating.

European Optical Manufacturing S.a.r.l. (Rodenstock, B-/Stable), a
German centric lens manufacturer, also shares similar margins but
lower FCF generation in addition to a lower turnover predictability
in the medical devices component and due to the lack of direct
protection provided by reimbursement policies. This translates into
more relaxed leverage thresholds, on an FFO adjusted basis, for
Afflelou (at 5.5x- 7.0x for its B rating) relative to Rodenstock's
below 6.0x for an upgrade to 'B'.

KEY ASSUMPTIONS

- Total network sales at 2.5% CAGR for FY18-22

- Group revenue at 1.9% CAGR FY18-22

- EBITDA margin at around 21.1% FY19-22

- Capex at 3.8% of sales on average for FY19-22

- Upstream of a one-off EUR35 million dividend in 2020 and EUR6
million per year thereafter (this is Fitch's assumption as per bond
documentation basket allowance)

- Partial repayment of convertible bonds (EUR7.3 million) and
floating-rate notes (EUR10 million)

RECOVERY ASSUMPTIONS

The recovery analysis assumes that Afflelou would remain a going
concern in restructuring and that it would be reorganised rather
than liquidated. This is because intangible assets, represented by
its relationship with franchisees and suppliers, are key to the
value of the group. Fitch has assumed a 10% administrative claim in
the recovery analysis.

Its analysis assumes a 20% discount to Afflelou's 1H FY19 LTM
EBITDA of around EUR80 million, resulting in a post-restructuring
EBITDA of about EUR64 million. At this level of EBITDA, which
assumes corrective measures have been taken, Fitch would expect
Afflelou to generate moderately positive to break-even FCF. Fitch
also assumes a distressed multiple of 5.5x and a fully drawn EUR30
million revolving credit facility (RCF).

After deducting 10% for administrative claims, its waterfall
analysis generated a ranked recovery in the 'RR3' band, indicating
a 'B+' instrument rating for the outstanding senior secured notes,
and 'RR1' for the RCF. The waterfall analysis based on current
metrics and assumptions yields recoveries of 67% for the senior
secured debt and 100% for the super-senior RCF. The recovery of the
senior secured debt marginally increased from 64%, due mainly to an
increase in the assumed going-concern EBITDA.

Fitch estimates any small repayment of the senior secured notes, as
currently envisaged by Afflelou, would not change the recoveries
materially, which will remain consistent with 'RR3'.

RATING SENSITIVITIES

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

- EBITDA approaching EUR100 million as a result of network and
margin performance and lack of impact from regulatory changes
(FY18: EUR78 million)

- FFO adjusted gross leverage sustainably below 5.5x (FY18: 6.5x)

- FCF margin post-dividends of at least 5% on a sustained basis
(forecast 4.8% on average for FY20-22)

- FFO fixed charge cover sustainably above 2.5x (FY18: 2.1x)

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

- Deterioration of EBITDA margin below 18% as a result of weak
network activity or impact of regulatory changes (FY18:20.5%)

- FFO adjusted gross leverage above 7.0x due to lack of
deleveraging or debt-funded acquisitions;

- Post-dividends FCF margin below 3%

- FFO fixed charge cover of 1.8x or lower


EVEREST BIDCO: Moody's Affirms B2 CFR & Alters Outlook to Negative
------------------------------------------------------------------
Moody's Investors Service has changed the outlook of France-based
software distributor and services provider Everest Bidco SAS to
negative from stable and has affirmed its B2 corporate family
rating, B2-PD probability of default rating and B1 ratings on the
EUR500 million senior secured first lien term loan B and EUR90
million pari passu ranking revolving credit facility borrowed by
Everest Bidco SAS.

The rating actions were prompted by:

-- The absence of deleveraging in 2018, driven by increased use of
debt

-- A degree of EBITDA underperformance versus Moody's forecasts
for 2018 and risk on 2019

-- Expected delays in raising free cash flow/adjusted debt to
around 4-5% per annum

RATINGS RATIONALE

"Exclusive Group has increased leverage in 2018 as a result of
additional debt usage even after its takeover by Permira in the
year, whereas the recorded EBITDA growth should have helped delever
from the opening level which already positioned Exclusive weakly in
its rating category" says Frederic Duranson, a Moody's Assistant
Vice President and lead analyst for Exclusive Group. "2018 EBITDA
was also behind Moody's expectations and it is likely that 2019
will remain below Moody's original forecasts at LBO, further
setting back the group against the requirements of a B2 CFR and a
stable outlook" Mr. Duranson adds.

Moody's adjusted gross debt/EBITDA stood at 7.8x in December 2018
(7.7x pro forma debt-financed acquisitions made in 2019) compared
to an estimated 7.3x at the end of March 2018, pro forma for the
Permira LBO. The group increased balance sheet debt by
approximately EUR40 million by December 2018, EUR35 million of
which were used to fund the acquisition of minority interests in
various regions in Q4 2018. Exclusive's B2 rating and stable
outlook, albeit weakly positioned to start with, only incorporated
debt additions in the context of EBITDA accretive bolt-on
acquisitions with a relatively neutral impact on Moody's adjusted
leverage because the group has a track record of achieving
valuations in the region of 5-6x EBITDA. Other uses of debt are
credit negative.

2018 trading also held back the deleveraging of the group.
Moody's-adjusted EBITDA grew by +7% in the year to EUR95 million.
The underperformance versus Moody's expectation of EUR104 million
was mainly a combination of (1) the weakening of the Euro against
the US dollar, (2) growth in Asia and the US behind Moody's
expectations as well as disappointing results with certain vendors
whose performance is challenged and, (3) higher costs below the
line which Moody's considers as recurring, including start-up
investments in the US and some reorganisation costs. Until 2018
(included), Exclusive bore the costs of any currency depreciation
between the time of purchase in US dollars and the time of sale in
another currency, thereby eating into its margins. Moody's
understands that an FX pass-through mechanism is now in place with
all of the group's main vendors to alleviate that risk.

Moody's continues to expect annual revenue growth in the high
teens, with continued downside risk on margins leading to Moody's
EBITDA growth approaching double digits, both in percentage terms.
Although Moody's growth rate expectations are not materially
different from a year ago, the 2018 debt and EBITDA levels have set
the group back in its deleveraging path and the negative outlook
reflects heightened risk that Moody's adjusted debt/EBITDA will not
decrease to around 6.0x in the next 12 months. Instead, the rating
agency forecasts that adjusted leverage will stand around 7.0x at
the end of 2019 and at or above 6.5x in 2020.

Moody's estimates that Exclusive recorded good free cash flow (FCF)
of EUR22 million in 2018, broadly in line with forecasts as the
lower EBITDA and higher cash exceptionals were largely offset by
lower working capital outflows, helped by factoring. Moody's
anticipates that FCF generation in 2019 will drop in the teens
because EBITDA growth will not be compensated by (1) increased tax
payments, (2) larger working capital outflows (assuming no
additional drawings under the factoring lines) and, (3) exceptional
items such as for the roll-out of the group's new ERP system.
Although the rating agency projects a recovery in 2020, retained
cash flow/adjusted net debt and FCF/adjusted debt should remain shy
of the 10% and 5% required levels on these respective metrics in
2019.

Moody's views Exclusive Group's liquidity profile as adequate,
supported by a relatively sizeable cash balance of EUR102 million
at the end of December 2018 (including EUR42 million short-term
debt drawings). The group's liquidity is further enhanced by (1)
expected positive FCF generation, although not in all quarters
because of working capital seasonality and (2) EUR55 million
availability under its EUR90 million RCF as of December 2018. The
RCF will continue to be subject to a springing net first lien
leverage covenant, likely to be tested in 2019 but against which
Exclusive will maintain ample headroom.

RATIONALE FOR NEGATIVE OUTLOOK

The negative outlook reflects Exclusive's very high leverage for
the rating category and the risk that it will remain above 6.0x in
the next 12 months. The rating outlook further reflects Moody's
expectation that the cash flow coverage of debt metrics will remain
somewhat below the requirements for a B2 despite the rating
agency's forecasts of solid growth in revenues and EBITDA and
materially positive free cash flow generation.

WHAT COULD CHANGE THE RATING UP/DOWN

In light of the negative outlook, upward pressure is unlikely.
Moody's could stabilise the outlook on Exclusive if the group were
to (1) stabilise its margins, (2) demonstrate a clear deleveraging
trajectory with Moody's adjusted debt/EBITDA declining towards
6.0x, and (3) increase free cash flow/debt to around 5%.

Conversely, Exclusive Group's ratings could be downgraded if the
conditions for a outlook stabilisation failed to be met in the next
12 months.




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G E R M A N Y
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ANTIN AMEDES: S&P Raises ICR to 'B' on Successful Debt Placement
----------------------------------------------------------------
S&P Global Ratings raised its issuer credit rating on Antin Amedes
to 'B' from 'B-', and removing it from CreditWatch positive.

The upgrade reflects that the new capital structure alleviates
liquidity risk, as well as our opinion that Antin Amedes is
successfully turning around its operations.

The company now benefits from comfortable covenant headroom. The
new capital structure is governed by a financial maintenance
covenant of maximum leverage of 8.8x.

The turnaround is mainly the result of stabilization of the number
and ramp-up of the relatively newly hired physicians who are
gaining reputation and attracting new patients to the company.
Other initiatives include focusing on the sales force and
introducing innovative tests, as well as cost-saving initiatives
(EUR4.7 million in 2018). S&P understands that the management has
been carefully managing the balance between cost savings and the
work environment. Several personnel-related measures have been
implemented, such as training systems, medical steering committees,
and a uniform groupwide system for surcharges and overtime.

These initiatives resulted in like-for-like, revenue growth of 3%
in 2018 , with organic growth of 1.6%. S&P Global Ratings' adjusted
EBITDA reached EUR69.5 million in 2018, representing an EBITDA
margin of 19.1%. This positive performance was achieved despite the
tariff cut induced by the reform of the statutory health insurance
("EBM") reform. We also note that a labor agreement signed in
Germany in April 2016 spurred increased costs of EUR9.2 million.
The tariff agreement should have a minimal impact in 2019, but the
higher share of physicians will drive an organic increase in
personnel expenses. Nevertheless, the organic increase of personal
expenses should be partially offset by new procurement contracts.

The most recent financial performance confirms the group is on a
positive track for growth and profitability. As of end-April 2019,
revenue reached EUR135.8 million, an increase of 7.2% over the
previous year. The group reported EBITDA of EUR27 million, 11.5%
higher than in 2018.

S&P said, "We forecast the S&P Global Ratings-adjusted EBITDA in
2019 will be at about EUR75 million, and about EUR78 million in
2020. This will result in leverage of around 7.0x in 2019 and
6.6x-6.8x in 2020. Our debt calculation includes the EUR440 million
term loan B, EUR79.7 million of lease liabilities, and around EUR9
million of pension liabilities. We do not net the cash on the
balance sheet, due to the company's weak competitive position."

Antin Amedes operates in an industry where demand is resilient, and
where volumes are slated to grow, driven by higher demand for early
diagnosis. Antin Amedes performs routine and specialized tests,
which are less vulnerable to price cuts. The group benefits from a
strong presence in gynecology, which is reinforced by its clinics.
However, the competitive position is constrained by the relatively
small size and focus in Germany.

Nevertheless, profitability is similar to larger groups, such as
Synlab (which had an S&P Global Ratings-adjusted EBITDA margin of
19.8% in 2018). However, Synlab is more diversified, notably with
presence in environmental testing, which has higher growth
potential but lower profitability. S&P said, "We also note that
geographic diversification can sometimes be a hurdle to
efficiencies in terms of logistics and centralization of the
technical platforms and logistics. French company Cerba achieves
higher profitability (S&P Global Ratings-adjusted 21.3%); we
believe its positioning in specialized tests supports higher
profitability." Furthermore, this leads us to believe Antin Amedes,
with its presence in genetics and pathology, has a potential for
higher profitability if its physicians attract and process more
patients and if it continues its ramp-up. This will also depend on
the company's ability to increase volume, notably by gaining new
contracts with hospitals.

S&P considers Antin Amedes as favorably positioned in its highly
leveraged category because of its sound FOCF, and a fixed-charge
coverage ratio that should improve to at least 2x over the next
12-18 months.

In 2018, the group switched its accounting to international
financial reporting standards from German reporting standards

S&P said, "The stable outlook reflects our expectation that Antin
Amedes will grow organically and inorganically, maintaining good
profitability and positive FOCF. This should also translate into
S&P Global Ratings-adjusted debt to EBITDA reducing below 7x over
the next 12 months and the fixed charge coverage improving toward
2x.

"We could consider a negative rating action if the group does not
deliver on its business plan, such that its cash flow generation
turns negative, hampered by substantial working capital outflows
and or profitability deteriorates materially. This could happen if
the fluctuation in the number of physicians resumed.

"We could also consider lowering the rating if Antin Amedes were to
pursue a predominantly debt-funded acquisition strategy that led to
S&P Global Ratings-adjusted debt to EBITDA remaining above 7x over
the next 12 months.

"In our view, an upgrade would require Antin Amedes to
significantly outperform our base case, achieving materially
stronger cash generation and substantial reduction of debt to
EBITDA below 5x on a sustainable basis."


RODENSTOCK GMBH: Moody's Ups Secured Credit Facilities Rating to B2
-------------------------------------------------------------------
Moody's Investors Service upgraded to B2 from B3 the ratings on the
EUR415 million senior secured facilities, including a EUR395
million term-loan maturing in 2026 and a EUR20 million revolving
credit facility maturing in 2025, co-borrowed by Rodenstock GmbH
and Rodenstock Holding GmbH. The outlook is stable.

The B3 corporate family rating (CFR) and B3-PD probability of
default rating of Rodenstock Holding GmbH remain unchanged.

RATINGS RATIONALE

The upgrade of the instrument rating to B2 follows the completion
of the refinancing and the improved security package for the newly
issued term loan and revolving credit facility contained in the
final Senior Facility Agreement compared to the initial draft. In
addition to pledges over shares, bank accounts and intercompany
receivables, the senior secured facilities are secured also against
assets of the German operating companies, including certain real
estate assets and intellectual property. As such, the new
instruments will benefit from an enhanced security package relative
to other group liabilities.

Rodenstock Holding GmbH's B3 CFR factors in (1) the group's
established market position as the world's fourth-largest
ophthalmic lenses producer, with stronger positions in the
high-value added progressive lenses segment, among independent
opticians and in its domestic European markets, particularly in
Germany, notwithstanding its small size compared with direct sector
peers, as well as the concentration of sales generated by its
lenses division; (2) its comprehensive offering in both branded and
private label corrective lenses, complemented by a focused eyewear
products offering and service proposition to opticians; and (3) the
risk that further consolidation of distribution channels and the
emergence of discounters might lead to margin pressure over time.

The rating also reflects Rodenstock's high leverage following the
refinancing and Moody's expectation of a gradual deleveraging over
the next 18 months. The amount of the new term loan has been
reduced to EUR395 million from the proposed EUR425 million (which
included a dividend of EUR25 million), with the proceeds entirely
used to refinance the previous outstanding EUR395 million loan. The
refinancing has therefore no impact on the gross leverage of the
group. Moody's expects that Rodenstock's financial leverage
(measured as Moody's-adjusted gross debt/EBITDA) will modestly
improve to 7.2x in 2019 from 7.5x prior to the EUR30 million
reduction of the loan amount.

While being smaller than its direct peers, Rodenstock has a sound
positioning in the lens market with a 4% share and is recognized
for its high quality and technologically advanced and innovative
products. The company focuses on the high value added segment of
progressive lenses and complements its offering with eyewear
products (both ophthalmic frames and sunglasses) and equipment and
services for opticians. Rodenstock profitability has improved in
the last two years owing to a number of efficiency measures
implemented since the acquisition by Compass, including the
restructuring of the eyewear business, which has returned
profitable since 2017.

Moody's expects that the company's operational performance will
continue to improve in 2019 and 2020 on the back of solid growth in
lens sales to both independent opticians and large key accounts. In
addition, the rating agency expects that Rodenstock's EBITDA (as
adjusted by Moody's) will further grow towards EUR100 million in
the next 18 months (from EUR91 million in 2018).

Cash generation, which was hampered by restructuring cash costs in
the past two years, should also gradually improve, with
Moody's-adjusted Free Cash Flow/debt moving towards 4% in 2020. As
a result, the agency expects that Rodenstock's leverage will
decline to below 7.0x in 2020, which is commensurate with a B3
rating. Pension liabilities, although gradually reducing, are a
large component of the company's adjusted gross debt, accounting
for approximately 35% of total.

Moody's expects Rodenstock's liquidity to remain adequate,
supported by EUR25 million available cash following the refinancing
and by the new upsized EUR20 million RCF, maturing in 2025. Moody's
expects free cash flow to be positive in 2019 and 2020 and that
available liquidity sources will be sufficient to cover the
company's needs over the next 18 months, including capex for about
EUR30 million and obligations under the pension liabilities for
almost EUR13 million per annum. The company has an extended debt
maturity profile, with the TLB maturing in 2026.

The new term-loan is covenant-lite, while the RCF contains a
springing net leverage covenant to be tested only if the RCF is at
least 30% drawn and with a 35% headroom at closing.

STRUCTURAL CONSIDERATIONS

The B2 rating of the EUR395 million senior secured Term Loan B and
EUR20 million RCF, both borrowed by Rodenstock GmbH is one notch
above the group's CFR of B3 and considers that secured debt
instruments enjoy first priority ranking pledges over some group's
assets including shares, bank accounts and intercompany receivables
of material subsidiaries and some German real estate and
intellectual property assets. The senior secured facilities are
guaranteed by group companies representing a minimum of 80% of the
group's EBITDA or gross assets. The uplift also takes into account
the group's high amount of unfunded and unsecured pensions
obligations, that are subordinated to the secured facilities.

RATIONALE FOR STABLE OUTLOOK

The stable rating outlook reflects Moody's expectations that
Rodenstock's leverage (measured as Moody's-adjusted gross
debt/EBITDA) will fall below 7.0x in the next 18 months and its
Moody's-adjusted FCF/debt will increase towards 4% because of a
continued improvement in operating performance. The stable outlook
also assumes that Rodenstock will maintain adequate liquidity at
all times.

WHAT COULD CHANGE THE RATING UP/DOWN

Over time, upward pressure on the rating could be considered if
Rodenstock is able to further reduce its leverage, with a
Moody's-adjusted gross debt /EBITDA moving towards 6.0x, and to
improve its cash flow generation such that it maintains a positive
free cash flow.

Downward pressure on the rating could develop if the company's
performance was to weaken compared to current expectations leading
to (1) Moody's-adjusted gross debt EBITDA deteriorating to above
7.5x; (2) negative free cash flow over a prolonged period, or (3) a
deterioration of its liquidity profile.

LIST OF AFFECTED RATINGS

Issuer: Rodenstock GmbH

Senior Secured Bank Credit Facility, upgrade to B2




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

SHAMROCK RESIDENTIAL 2019-1: S&P Assigns (P)B Rating on F Notes
---------------------------------------------------------------
S&P Global Ratings assigned its preliminary credit ratings to
Shamrock Residential 2019-1 DAC's (Shamrock 2019-1) class A,
B-Dfrd, C-Dfrd, D-Dfrd, E-Dfrd, F-Dfrd, and G-Dfrd notes. At
closing, Shamrock 2019-1 will also issue unrated class Z1-Dfrd,
Z2-Dfrd, RFN, and X notes.

S&P said, "We have received loan level data as of the Jan. 31,
2019. The preliminary pool of EUR336,564,705 comprises 1,711 loan
parts originated by Bank of Scotland (Ireland) Ltd. (33.5%), Start
Mortgages DAC (16.5%), Irish Nationwide Building Society (47.4%),
and Nua Mortgages Ltd. (2.6%). The assets are first-ranking
owner-occupied and buy-to-let mortgage loans secured against
properties in Ireland. The portion of the portfolio originated by
Start Mortgages and Nua Mortgages comprise nonconforming loans.

"We have also received historical arrears performance data for the
loans in the portfolio since 2014, details of all restructurings in
the portfolio since 2009, and payment rate data since 2013. The
quality of data provided is in line with our standards.

"KPMG audited the pools, and the scope and results were worse than
we typically see in the Irish market but still within our permitted
range. We have accounted for this through a pool-level
adjustment."

  Ratings List
  
  Shamrock Residential 2019-1 DAC

  Class       Prelim. rating  Class size (%)
  A           AAA (sf)         57.90
  B-Dfrd      AA (sf)          10.50
  C-Dfrd      A+ (sf)           6.00
  D-Dfrd      BBB+ (sf)         7.00
  E-Dfrd      BB (sf)           6.25
  F-Dfrd      B (sf)            4.00
  G-Dfrd      B- (sf)           2.35
  RFN         NR                2.00
  Z1-Dfrd     NR                3.75
  Z2-Dfrd     NR                2.25
  X           NR                0.00

  Dfrd--Deferrable.
  NR--Not rated.




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

MELILLI OUTLET: July 9 Auction Set for Commercial Complex
---------------------------------------------------------
A Melilli real estate complex for outlet use will be put up for
auction and the auction will open on July 9, 2019.

The asset is a single lot, full property of an estate complex for
outlet/shopping centre use, located in Melilli (SR), Contrada
Spalla Targia, consisting of about 70,000 indoor square meters
arranged on three levels, besides the outdoor areas (in total 134
stores/warehouses and about 2,000 parking spaces, 1,000 of which
indoor).

The auction starting price is set at EUR5,997,876.19.

The auction process is lodged under:

Court of Genoa
Bankruptcy - Fall. R.F. 25/2014
Legal Receiver: Dr. Massimiliano Tumiati
Deputy Judge: Dr. Roberto Bonino

For more information, one may refer to the notice of sale published
on www.realestatediscount.com (Auction ref: 4235) or contact Dott.
Massimiliano Tumiati at +39(010)-588182.




===========
L A T V I A
===========

AIR BALTIC: S&P Assigns Prelim. 'BB-' LongTerm ICR, Outlook Stable
------------------------------------------------------------------
S&P Global Ratings assigned its preliminary 'BB-' long-term issuer
credit rating to majority government-owned passenger air carrier
Air Baltic Corporation AS (Air Baltic), which includes two notches
of uplift from its SACP due to the moderately high likelihood of
market-based financial support by the Latvian government in case of
financial distress.

S&P said, "The final rating will depend on the successful
completion of the notes' issuance and our receipt and satisfactory
review of all final transaction documentation. Accordingly, the
preliminary rating should not be construed as evidence of the final
rating. If the notes' issuance does not complete and S&P Global
Ratings does not receive final documentation within a reasonable
time frame, or if final documentation departs from our
expectations, we reserve the right to withdraw or revise our
ratings. Potential changes include, but are not limited to, use of
loan proceeds, maturity, size and conditions of the notes,
financial and other covenants, security, and ranking."

The 'BB-' preliminary issuer credit rating on Air Baltic reflects
the company's small scale and scope of operations. It serves about
four million passengers and has high concentration in one
region--the Baltics--and a low return on capital. The rating is
further constrained by Air Baltic's susceptibility to the
fundamental characteristics of the airline industry, including
European economic cycles, oil-price fluctuations, high capital
intensity, and unforeseen events, including terrorism and disease
outbreaks. This is partly offset by Air Baltic's leading position
in the Baltic region, with an about 60% market share in Riga
Airport and an established presence at Vilnius and Tallinn
Airports. Air Baltic also has a competitive cost structure thanks
to its comparatively low labor costs and its transition to a
single-family aircraft fleet.

S&P Global Ratings expects Air Baltic to issue approximately EUR200
million of medium-term senior unsecured international notes, which
it has incorporated into its base case. Air Baltic plans to use the
proceeds from the issuance to strengthen its liquidity and
refinance its existing bank debt. S&P said, "We understand that Air
Baltic will retain a significant part of the notes' proceeds on the
balance sheet. We think this will provide ample financial leeway
for, among other things, working capital needs and the potential
adverse effects of U.S. dollar and euro currency mismatches,
because Air Baltic operates with a U.S. dollar short position.
Overall, we would view this increased cash balance and improved
liquidity profile as an essential and stabilizing rating factor."

Given Air Baltic's planned large capital investment in the
expansion and modernization of its aircraft fleet, it has limited
room to deleverage. S&P forecasts that the company will maintain
credit metrics consistent with a highly leveraged financial risk
profile, including adjusted FFO to debt of 6%-8% and debt to EBITDA
of 7.5x-8.0x in 2019-2020, compared with close to 10% and 8.0x
respectively in 2018. This limits Air Baltic's SACP at 'b'.

Air Baltic has a route network of 79 destinations and connects the
Baltics to the rest of Europe, which would otherwise be less
efficiently accessible by alternate modes of transport. S&P views
the trends of the Baltics' underlying air travel market as
favorable, supported by a pace of economic growth exceeding that in
the eurozone. Air Baltic distinguishes itself from other European
legacy carriers by its low labor costs, with its cabin crew and
half of its pilots based in the Baltics. Thanks to its established
in-house pilot school, Air Baltic aims to increase its workforce of
national pilots, who traditionally offer a better retention rate
than foreign hires and should help to mitigate a pilot shortage.
S&P believes that the transition to a single-family fleet of Airbus
220 (A220) planes by 2023 will enable Air Baltic to significantly
reduce costs (fuel, crew training, and maintenance), reach more
destinations, and improve service offerings. In S&P's view, the
A220 planes' smaller size and competitive economics are highly
suitable for Air Baltic's regional and seasonal market.

Air Baltic carried about 4 million passengers in 2018 and finished
the year with 34 aircraft. This, combined with its targeting of
passengers in the Baltics region, translates into a narrow business
scope compared with the company's smallest rated airline peers,
such as, for example, SAS and GOL Linhas, which serve about 30
million passengers each. Air Baltic's relatively small size and
corresponding low absolute reported EBITDA base of about EUR40
million in 2018--excluding the impact of International Financial
Reporting Standards (IFRS) 16--makes the company more susceptible
to unforeseen high-impact and low-probability events than larger
players.

The capital intensity of the underlying industry and Air Baltic's
high investment needs result in a highly leveraged balance sheet.
Air Baltic's adjusted debt to EBITDA increased to about 8.0x in
2018 from 6.5x in 2017, and S&P forecasts that it will rise to
8.5x-9.0x in 2019 before a gradual decline toward 7.0x by 2020.
This improvement will be due to an increase in EBITDA to about
EUR90 million (including the effect of IFRS 16) in 2019 and about
EUR120 million in 2020, up from about EUR64 million in 2018, rather
than debt reduction. Because of its high capex for fleet expansion
and modernization, the airline has limited room for deleveraging in
2019-2020.

Air Baltic is 80% government-owned, while 20% is held by private
investor Lars Thuesen. We believe there is a moderately high
likelihood that the government of Latvia would provide Air Baltic
with extraordinary market-based support, which translates into a
two-notch uplift from the company's SACP. S&P bases its view on its
assessment of Air Baltic's:

-- Strong links with the government of Latvia.
-- Important role for the Latvian government.

S&P said, "Our view of a strong link to the Latvian state reflects
the government's 80% controlling stake and the close ties between
the two as the government appoints three of the airline's four
supervisory board members. We note that the Latvian government has
extended extraordinary financial support to Air Baltic in the past,
most notably in 2011 and 2012, exceeding EUR200 million, which the
European Commission was notified of and approved the support.
However, any further financial support will be strictly scrutinized
under the EU competition framework and be potentially subject to
European Commission rulings. That said, the Latvian government
could at any point extend a market-based loan to Air Baltic at an
interest rate on par with the prevailing market rate. We understand
that such a loan would not fall under EU state aid.

"At the same time, we acknowledge Air Baltic's important role for
the Latvian economy. The Latvian government takes a significant
interest in Air Baltic and views the airline as a strategic asset
that is critical to economic development and tourism. The Latvian
state estimates that 2.5% of GDP is linked to Air Baltic's
operations. Furthermore, Air Baltic provides air connectivity to
the country, which would otherwise be less efficiently accessible
by alternative modes of transport, and to a certain extent, serves
as a feeder to two other government-owned assets--Riga Airport and
Latvian Railways. Additionally, unlike low-cost carriers, Air
Baltic attracts business traffic by offering more convenient and
sufficiently frequent flights, which provide stable economic ties
with the rest of Europe.

"The stable outlook reflects our view that Air Baltic will be able
to maintain adjusted FFO to debt above 6% over the next 12 months,
while meeting its heavy capex requirements from operating cash
flows. We continue to expect a moderately high likelihood of timely
and sufficient extraordinary government support if Air Baltic faced
financial distress. Furthermore, the outlook reflects our view that
the airline will strengthen its liquidity by retaining the majority
of the proceeds of the upcoming issuance on the balance sheet.

"Rating downside could arise if adjusted FFO to debt fell below 6%
on a sustainable basis. This could happen because Air Baltic's
earnings deteriorated through increased competition from low-cost
carriers, or because oil prices increased significantly above our
base case without being sufficiently passed on to customers through
higher ticket fares in a timely manner. We could also lower the
rating if we believed that the likelihood of government
market-based support had weakened. All other things being equal,
the lowering of our rating on Latvia by four notches, which we
currently view as unlikely, would also exert downward pressure on
the rating on Air Baltic.

"We could raise our rating if Air Baltic's earnings and cash flow
improved materially such that adjusted FFO to debt strengthened
sustainably to more than 12%. This could occur if yields increased
significantly, for example due to over-proportional growth of
less-price-sensitive passengers, or if oil prices dropped below our
base-case assumptions absent ticket price deflation. Although less
likely, we could also raise the rating if we saw that Air Baltic's
role for, or link with, the Latvian government had strengthened."




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

BEFESA SA: Moody's Rates EUR626MM Senior Credit Facilities 'Ba2'
----------------------------------------------------------------
Moody's Investors Service assigned Ba2 instrument ratings to the
proposed EUR526 million senior secured Term Loan B due 2026, the
EUR75 million revolving credit facility due 2025, and the EUR35
million guarantee senior secured term loan due 2025, all issued by
the Luxembourg based environmental services company Befesa S.A.
(Befesa, Ba2 corporate family rating). The outlook is stable.

The proceeds from the proposed senior credit facilities will be
used to redeem the outstanding senior facilities maturing in 2022.
The refinancing will extend Befesa's debt maturity profile, but
will not affect its leverage. Hence, the company's Ba2 CFR remains
unaffected.

RATINGS RATIONALE

The Ba2 rating assigned to Befesa's proposed issuance of senior
secured credit facilities is in line with the company's Ba2 CFR.
This is primarily because the instruments are senior secured, rank
pari-passu and are subject to a springing covenant. As Moody's
views the value from the assets pledged as security (share pledges
on subsidiaries) to be limited in a stress scenario, the rating
agency assumed the facilities to be unsecured in its waterfall
analysis.

The Ba2 corporate family rating (CFR) is supported by the group's
solid business profile, characterized by leading market positions
in niches of the recycling industry, which is protected by market
entry barriers relating to (i) significant replacement costs, (ii)
supportive environmental regulation that favors recycling of
hazardous wastes over landfilling in most European and certain
developing countries (such as South Korea and Turkey) and (iii)
proprietary technological know-how. Historic operating performance
has been sound with limited volatility of profitability, despite
significant exposure to volatile metal prices, in particular zinc
and aluminum.

The rating also reflects Befesa's significant exposure to zinc
price movements. The company has hedged approximately 70% of its
zinc equivalent volumes until including the first half of 2021.
However, the remaining output continues to be sensitive to volatile
market prices. The rating is also somewhat constrained by the
company's relatively small size and reliance on a few customers. If
zinc prices were to reduce for a prolonged period this would have a
negative impact on Befesa's performance - but only after the hedges
will have expired.

RATIONALE FOR STABLE OUTLOOK

The stable outlook reflects the ongoing supportive market
environment, especially in terms of environmental regulation as
well as zinc prices leading to gradual further EBITDA growth in
2019 and 2020. Nevertheless, Moody's anticipates that free cash
flow generation will be limited to EUR10-EUR20 million in 2019 and
2020 during the construction phase of its two Chinese recycling
plants, driven by material capital expenditures. The company
expects to more than double its capital expenditures to EUR75-EUR85
million in 2019 compared with about EUR40 million in 2018 which
will be partially funded by cash generated by operations and some
customary local funding in China.

WHAT COULD CHANGE THE RATING UP/DOWN

The ratings could be upgraded if Befesa (1) improved business
profile in terms of size, geographic and business segment
diversification while maintaining a long-term hedging strategy,
would demonstrate its ability to (2) reduce its Moody's adjusted
leverage well below 2.5x debt/EBITDA through the cycle; (3)
meaningful free cash flow (FCF) generation as evidenced by a
FCF/debt consistently in the double digit percentage range despite
dividend payments and growth investments; and (4) maintained a
solid liquidity profile.

The ratings could be downgraded if (1) the leverage would
deteriorate to a level higher than 3.5x debt/EBITDA as adjusted by
Moody's or (2) the FCF/debt would deteriorate to a low single digit
percentage range for a prolonged period leading to a weakening of
the liquidity profile; (3) failure to maintain a long-term hedging
strategy.




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

MEDIARENA ACQUISITION: S&P Affirms 'CCC+' ICR, Outlook Stable
-------------------------------------------------------------
S&P Global Ratings affirmed its 'CCC+' ratings on Endemol Shine
Group's parent, MediArena Acquisition B.V. and its senior secured
first-lien facilities, while revising the recovery rating to '3'
(rounded estimate 50%) from '4' (rounded estimate 45%).
S&P also affirmed its 'CCC-' rating on the second-lien debt, with
the recovery rating remaining at '6'.

S&P said, "We anticipate that ESG will expand in 2019 and post
stronger EBITDA and sound cash flow, owing to better control over
its cost base, as shown in its reported EBITDA margin of 8.9% in
2018, up from 6.2% in 2017. We believe this will stem from
optimizing the cost of sales and overhead costs, as well as lower
exceptional costs related to reorganization and restructuring,
because most of it has been completed. As a result, we anticipate
reported FOCF of EUR5 million-EUR20 million this year, despite some
working-capital-related outflows. That said, we expect leverage to
remain high, with debt to EBITDA at 8.0x-8.5x in 2019 and 7.8x-8.3x
in 2020, and FFO cash interest coverage at 1.2x-1.4x in both
years.

"In our view, liquidity has improved following the extension of the
revolving credit facility (RCF) due date to 2021, greater
availability of committed credit lines, and increased covenant
headroom under its RCF. Since ESG's leverage remains high, despite
the anticipated improvement in EBITDA, its capital structure
remains unsustainable over the long term, in our opinion.
Importantly, the EUR1.07 billion of senior secured first-lien
facilities (outstanding as of first-quarter 2019, including EUR50
million in RCF drawings) constrain ESG's overall liquidity position
and ultimately our credit rating on MediArena. That said, we don't
expect the group to face a near-term credit or payment crisis over
the next 12 months."

ESG is the world's largest independent TV content producer. S&P
expects it to maintain its leading positions in the U.S., U.K., and
other European markets by delivering successful scripted and
nonscripted shows. Global demand for high-quality content remains
strong, led by audience fragmentation and intensifying competition
between traditional broadcasters, pay-TV, and over-the-top players,
such as Amazon and Netflix. ESG has long-standing relationships
with major broadcasters and new market entrants, and in S&P's view
is relies less on its largest customers than its smaller peers.

ESG focuses primarily on nonscripted shows, which accounted for
about 71% of its revenues and the majority of its EBITDA in 2018.
The group's overall performance is largely reliant on its
well-established "superbrands," such as Big Brother and Master
Chef. As these shows age, their revenues will likely gradually
decrease because of declining viewer interest. For example, for
2019 Big Brother was not renewed in the U.K., and MasterChef will
be not produced for the German market. Over the past few years, ESG
has developed a number of new nonscripted formats in various genres
that have been able to travel well internationally and they've been
recommissioned for the next season, such as All Together Now,
Family Food Fight, Big Bounce Battle, Your Face Sounds Familiar, or
Deal or No Deal, to name a few. In 2018, ESG had 46 travelling
formats, which originated from 13 territories.

ESG has also produced several major scripted hits, such as Black
Mirror, Peaky Blinders, Mr. Bean, Dark, and Humans which have been
recommissioned or will be broadcast in 2019 with new seasons.
Scripted drama is in particularly high demand, so we expect this
expansion will continue in 2019, supporting ESG's scripted shows.
At the same time, production of scripted shows is capital intensive
and usually has longer payback periods than unscripted shows, also
initially providing lower margins. As a result, ESG's working
capital investments became more volatile over the past few years.
S&P understands that the group does not plan to significantly
increase the share of scripted shows from about 25% of total 2018
revenue. To some extent, this will help even out the working
capital volatility and impact on the profitability.

S&P said, "We expect ESG's earnings, cash flows, and credit metrics
will remain volatile, reflecting the volatile nature of the
industry and uneven schedules associated with commissioning and
delivering shows, which can often be delayed by one or several
quarters.

"The outlook is stable since we foresee improving operational
performance, including increasing EBITDA, positive albeit small
reported FOCF, and FFO cash interest of 1.2x-1.4x over the next 12
months. Yet despite higher EBITDA, ESG's leverage will remain high
at 8.0x-8.5x in 2019 and 7.8x-8.3x in 2020, and its capital
structure unsustainable in the longer term. We take into account
the group's improved liquidity, supported by extension of the RCF's
maturity to 2021, covenant headroom of at least 15%, and likely
positive reported FOCF of EUR5 million-EUR20 million in 2019.

"We could raise the ratings if the group refinances its capital
structure on time and further improves its operational performance,
with sustainable generation of positive reported FOCF, FFO cash
interest cover higher than 1.5x, stronger deleveraging than in our
base case, and adequate liquidity.

"We could lower the rating if the group does not refinance its
capital structure 12 months ahead of the debt maturities, in
particular its EUR1.07 billion senior secured first-lien facilities
(outstanding as of first-quarter 2019) due in 2021. We could also
lower the rating if we see a higher probability of a default,
especially if liquidity deteriorated, increasing the risk of
nonpayment of debt or a covenant breach. This could happen if the
group faced unexpected shortfalls in revenue or cash flows, due for
example to delayed delivery of shows, or if its working capital
needs increased by more than we currently expect."




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

PAX MIDCO: S&P Assigns Prelim. 'B' Long-Term ICR, Outlook Stable
----------------------------------------------------------------
S&P Global Ratings assigned its preliminary 'B' long-term issuer
credit rating to Pax Midco Spain (Areas). S&P also assigned
preliminary 'B' issue ratings to the proposed EUR1,050 million term
loans B with a floating coupon and maturing in 2026. The recovery
rating on the loans is '3', with meaningful recovery prospects
(50%-70%; rounded estimate 65%).

S&P's assessment of Areas' business is based on Areas' No. 3 global
market position in its industry, its strong and longstanding
relationships with property owners and operators, and its exclusive
access to some of the major global food and beverage (F&B) brands.
S&P also factors in the expertise that Areas has in its operating
model, and that procurement and logistics become more difficult
given the level of security checks at airport and other transport
hubs.

These factors are to some extent offset by its narrow focus on a
small segment of the travel concession business; the highly
fragmented and competitive nature of the concessions industry;
relatively low customer switching costs in a competitive and
price-driven industry; the geographic concentration of Areas'
revenues; and its high reliance on the travel and tourism industry,
which can be easily disrupted by economic headwinds, weather, or
other external factors like terrorist attacks.

S&P said, "With its focus solely on the F&B segment, Areas' has a
narrow addressable market. The size of the market was estimated at
about EUR26 billion in 2017 and we expect it to grow at a compound
annual rate of 4% through to 2022, based on data from Bain & Co.
With no presence in fast-growing Asian markets, Areas addresses a
market that is worth about EUR11 billion. We consider most of the
countries where Areas operates, like France, Iberia, the U.S.,
Italy, and Germany, as mature markets offering low organic growth
potential. The F&B concessions market is highly competitive and
fragmented, and Areas holds a global market share of just 7%
despite being the third-largest player. We expect the competitive
intensity to increase with the evolution of new forms of concession
models under which property owners take equity interest in joint
ventures to bid for lots and competitors like Lagardere shift their
attention to the F&B segment for growth.

"Although Areas has solid customer diversification, with over 600
transportation hub locations, it does have some degree of
geographic concentration, which we see it as a weakness because any
shift in tourist flows from these countries could weigh on its
operations." Areas generates about 87% of its revenues from four
major geographic areas: France (36%), Iberia (Spain and Portugal;
28%), the U.S. (13%), and Italy (10%). Any adverse external events
like terrorist attacks, or adverse weather could alter tourist
flows and disrupt its operations.

Areas' leadership positions in France and Spain, two of the most
visited countries in Europe, lends strength to its business. The
average duration of the concession contracts is seven to 10 years,
which provides good revenue visibility. The group also has built
strong relationships with landlords, some lasting over 50 years.
S&P views this as a key strength as such relationships help the
management team to identify, assess, and take part in tendering
processes for the most coveted lots from an early stage. However,
in value terms, the renewal rate of the group for a defensive bid
in France has been less than 35% for the period 2014–2018 (71%
between FY2016-FY2018), which is a cause of concern since France is
the group's largest market.

The group has access to some of the major global F&B brands
including Starbucks, McDonald's, Burger King, and Costa Coffee,
along with a growing list of own brands. This allows the group to
offer property owners a wide range of brand options and the
flexibility to change a concession quickly in case of
underperformance. Some of the group's own brands provide it with
profitability 5 percentage points higher than franchises.

Areas has maintained a very stable profitability trend despite
major economic and external headwinds. Its reported EBITDA margins
dipped to a low of 8.8% for financial year (FY) 2012 (ending Sept.
30) and 9.3% for FY2013 when European economy experienced
recession. In recent years, the group's reported EBITDA margin has
consistently been over 10%, supported by well-diversified
end-market revenue generation with 48% of revenues generated from
airports and 33% from roadways. Despite cost headwinds and
increasing concessions fees, S&P expects the group to be able to
maintain its margins at about 10.5%, higher than those of its
direct competitors, such as Autogrill (unrated).

Concession operators generally bear a major part of the capital
expenditure (capex) for setting up and operating new stores while
the brands charge royalties from the operator. This makes the
business capital-intensive and we expect Areas' capex to reach a
high of about 8% of its sales in FY2019 before moderating to about
6% by FY2021 as the group focusses on expanding its footprint in
the U.S. With this intensive capex, we expect that the group's
unadjusted free operating cash flow (FOCF) will be negative EUR35
million-EUR40 million in FY2019, before it is able to generate
modest EUR10 million-EUR20 million reported FOCF over
FY2020-FY2021.

S&P said, "We view Areas as highly leveraged. We forecast that the
company's S&P Global Ratings-adjusted debt to EBITDA will be about
5.3x in 2019. Our assessment is also constrained by the financial
sponsor ownership, which could lead to a more aggressive financial
policy in the future. Although we anticipate earnings growth, we
expect only very gradual deleveraging toward 5.0x over the next two
years. We believe the current capex commitments and financial
policy would not be supportive of leverage falling materially below
5x in the long term. In addition, while the new owner plans to
contribute its investment in the form of common equity, there is
also a EUR70 million vendor loan from Elior that we have included
in our adjusted debt calculation.

"In our adjusted debt calculation, we have also incorporated the
operating lease liabilities of around EUR1 billion, while we add
back around EUR210 million to our calculation of adjusted EBITDA."

The group has a substantial amount of leases, most of which are
fixed. That said, some variable components help reduce the fixed
cost. S&P's preferred metric is lease-neutral reported EBITDAR cash
interest coverage (defined as reported EBITDA before deducting rent
over cash interest plus rent). At around 1.5x, this supports the
current rating. That said, the company's negative reported FOCF for
2019, which stems from substantial interest on the term loan and
high capex commitments, forms a major constraint because it limits
the company's financial flexibility.

PAI Partners signed the binding agreement with Elior Group to
acquire Areas on April 24, 2019. The acquisition will be funded
with a euro-denominated EUR1,050 million term loan B (comprising
EUR850 million tranches and EUR200 million equivalent
dollar-denominated carve-out), a EUR70 million vendor loan from
Elior, and EUR415 million equity from PAI Partners. As part of its
new capital structure, Areas would also have access to a EUR125
million RCF with a 6.5-year maturity and EUR150 million
capex/acquisition line with a seven-year maturity. S&P expects both
facilities to remain undrawn at the close of transaction.

S&P said, "The preliminary rating is subject to the successful
closing of the transaction including the issuance of the senior
secured term loans as well as our review of the final
documentation. If S&P Global Ratings does not receive the final
documentation within a reasonable period, or if the final
documentation departs from the materials we have already reviewed,
we reserve the right to withdraw or revise our ratings.

"The stable outlook reflects our expectation that Areas will
continue growing revenues organically by 3%-4% in the next 12
months, with stable EBITDA margins of around 11%. While we
recognize free cash flow could be negative in 2019 due to ramp-up
investments associated with new contracts to operate airports in
the U.S., the outlook reflects our expectation that free cash flow
will return to positive in 2020. In our base case, we anticipate
that Areas will maintain debt to EBITDA of 5.3x-5.5x and that it
will adopt a prudent financial policy with respect to investments
and shareholder returns.

"We could lower the rating if the company does not realize benefits
from its elevated capital expenditures for new contracts or if the
operating performance substantially deteriorates due to harsher
competition, a weakening of the macroeconomic environment or
failure to gain and renew concessions, leading to consistently
negative free operating cash flows. In such a scenario, debt to
EBITDA will likely exceed 7x and funds from operations (FFO) cash
interest coverage will decline to below 2x. We could also consider
a negative rating action if the company adopts a more aggressive
financial policy.

"Due to the company's niche focus within a highly competitive
industry segment, we consider an upgrade unlikely over the next 12
months. The group continues to consume cash for investment, which
will likely curtail any meaningful improvement in its credit
metrics.

"We could raise the ratings if Areas establishes a track record of
sound operating performance under its new ownership, sustainably
defends its margins, and meaningfully increases its FOCF
generation. In such a scenario, we anticipate adjusted debt to
EBITDA falling sustainably below 5x and EBITDAR cash interest
coverage rising toward 2.2x. Any ratings upside would also depend
on our view of Areas having a conservative financial policy
regarding investment, leverage, and shareholder returns."

Areas is a concession-catering subsidiary of Elior Group, a
France-based contract and concession catering company. Areas is the
No. 3 global player in the travel F&B concession catering industry.
It had around EUR1.8 billion of revenues in FY2018, with a presence
in 12 countries and leading position in France and Spain.

The concession catering business consists of designing and
operating food and beverage points of sale as well as convenience
stores and some non-food retail outlets (primarily in travel and
leisure settings), under concession agreements. This business is
closely related to the travel industry and has four main operating
segments: airports (48% of FY2018 revenues), motorways (33%),
railways (13%) and leisure and other, including vacation parks
(6%). Areas operates its points of sale under franchises (such as
McDonald's, Burger King, and Paul), proprietary brands (such as
Deli&Cia, Briciole, and Farine) and co-branded brands (such as
Corona Sport Bar).




===========
S W E D E N
===========

OREXO AB: Egan-Jones Hikes Senior Unsecured Ratings to BB+
----------------------------------------------------------
Egan-Jones Ratings Company, on June 10, 2019, upgraded the foreign
currency and local currency senior unsecured ratings on debt issued
by Orexo AB to BB+ from BB.

Orexo is a pharmaceutical company based in Uppsala, Sweden,
initially financed with venture capital provided by HealthCap. The
company was founded in 1995 and their first product Diabact UBT, a
breath test for diagnosing the causative agent of stomach ulcers,
was introduced in 2000.




===========
T U R K E Y
===========

ISTANBUL: Moody's Lowers LongTerm Issuer Ratings to B1
------------------------------------------------------
Moody's Investors Service downgraded to B1 from Ba3 the long-term
issuer ratings of the Metropolitan Municipalities of Istanbul and
Izmir. The Aaa.tr National Scale Rating on Izmir has been affirmed.
The rating outlooks on both municipalities remain negative.

This rating action follows Moody's downgrade, on June 14, of the
Government of Turkey's bond rating to B1 from Ba3 with negative
outlook and the Turkish foreign currency bond ceiling to B1 from
Ba2.

RATINGS RATIONALE

RATIONALE FOR THE RATING DOWNGRADES

Due to their close institutional, financial and operational
linkages with the Turkish government, metropolitan municipalities,
including Istanbul and Izmir, cannot act independently of the
sovereign and do not have enough financial flexibility to permit
their credit quality to be stronger than that of the sovereign.
Therefore, Istanbul and Izmir are rated on par with the Turkish
government bond rating of B1 negative.

Moody's assessment of both cities' baseline credit assessments
(BCAs) is unchanged at b1, reflecting the two cities' robust
operating performance, predictable shared taxes paid by the
government and representing the vast majority of their revenue, and
their large and diversified economic bases. In Moody's view, these
factors counterbalance their limited cash reserves and significant
exposure to foreign currency debt.

Istanbul's B1 rating reflects its large and diversified economy,
continuing robust operating performance, high self-funding capacity
and valuable asset base, which provides fiscal flexibility to
accommodate increasing capital spending and a strong likelihood
that the Turkish government would provide support if the city was
to face acute liquidity stress. On the other hand, Istanbul's
rating is constrained by its relatively high debt burden, which
will remain elevated during 2019-20 and facing upward pressure on
debt servicing costs given the city's significant exposure to
foreign currency debt.

Izmir's B1 rating reflects its very high and stable operating
balance, exceeding 50% of operating revenue in 2018. Izmir's credit
profile benefits from the third-largest economic base in the
country and a moderate likelihood that the Turkish government would
provide support if the city was to face acute liquidity stress. At
the same time, the rating is constrained by the moderately high
indirect debt of municipal-related entities and the city's high
exposure to foreign currency debt.

RATIONALE FOR MAINTAINING THE NEGATIVE OUTLOOKS

The negative outlook on both cities mirrors the outlook of the
Government of Turkey.

WHAT COULD MOVE THE RATINGS UP/DOWN

A downgrade of Turkey's sovereign rating would lead to a downgrade
of the two cities' ratings. For both Istanbul and Izmir, a strained
liquidity situation could trigger a downgrade. Similarly, for both
cities, downward ratings pressure may also arise from a sustained
growth in debt and debt servicing costs.

An upgrade of the two cities' ratings is unlikely given the
negative outlook. An upgrade of Turkey's sovereign rating may exert
positive pressure, provided that both cities display improving
idiosyncratic metrics.

The specific economic indicators, as required by EU regulation, are
not available for the Metropolitan Municipality of Istanbul and
Metropolitan Municipality of Izmir. The following national economic
indicators are relevant to the sovereign rating, which was used as
an input to this credit rating action.

Sovereign Issuer: Turkey, Government of

GDP per capita (PPP basis, US$): 27,956 (2018 Actual) (also known
as Per Capita Income)

Real GDP growth (% change): 2.6% (2018 Actual) (also known as GDP
Growth)

Inflation Rate (CPI, % change Dec/Dec): 20.3% (2018 Actual)

Gen. Gov. Financial Balance/GDP: -2.6% (2018 Actual) (also known as
Fiscal Balance)

Current Account Balance/GDP: -3.5% (2018 Actual) (also known as
External Balance)

External debt/GDP: [not available]

Level of economic development: Moderate level of economic
resilience

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

SUMMARY OF MINUTES FROM RATING COMMITTEE

On June 14, 2019, a rating committee was called to discuss the
ratings of the Istanbul, Metropolitan Municipality of; Izmir,
Metropolitan Municipality of. The main point raised during the
discussion was: The systemic risk in which the issuer operates has
materially increased.




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

BATHSTORE: Set to Enter Into Administration, 700 Jobs at Risk
-------------------------------------------------------------
Levi Winchester at Express.co.uk reports that Bathstore is on the
verge of appointing administrators in what would be the latest
casualty to hit the beleaguered UK high street.

According to Express.co.uk, as many as 700 employees across 178
stores could be at risk after the UK's biggest bathroom specialist
lined up accountancy firm BDO to handle a potential insolvency
process.

A notice of intention to appoint BDO could be filed as soon as this
week, Express.co.uk relays, citing to Sky News.

Bathstore was bought by American billionaire Warren Stephens in
2014 and is based in Welwyn Garden City, Express.co.uk recounts

The bath specialist entered a turnaround plan to restore profits in
2018, during which time the company hired current chief executive
Ian Herrett, Express.co.uk. discloses.


BURY FC: Proposes Company Voluntary Arrangement to Creditors
------------------------------------------------------------
Adam Lord at Bury Times reports that Bury FC owner Steve Dale has
sent a proposed company voluntary arrangement to the club's
creditors.

According to Bury Times, the Gigg Lane club is in the midst of a
financial crisis and saw a winding-up petition led by HMRC
adjourned at the High Court on June 19.

The stricken Shakers have been given six weeks to sort out their
future and owner Dale has moved to try and settle the club's debts
via a CVA, Bury Times discloses.

If creditors agree to the deal, then the Shakers could face a
12-point deduction having returned to League One with promotion
last season, Bury Times states.

Steven Wiseglass, a director at Inquesta Corporate Recovery &
Insolvency, is acting on behalf of Mr. Dale, Bury Times notes.

Bury Football Club is an English professional association football
club based in Bury, Lancashire, England.  Known as "The Shakers",
the team play in white shirts and navy blue shorts.


COBRA BEER: Karan Bilimoria Has Yet to Repay Creditors
------------------------------------------------------
Colin Keatinge at Bloomberg News, citing the London-based Times,
reports that Karan Bilimoria, who is being lined up to take over
the Confederation of British Industry, has yet to repay creditors
who lost GBP70 million from the collapse of his Cobra Beer company
ten years ago, and says investors will need to wait for their
turn.

According to Bloomberg, the newspaper cited him as saying "I
continue to work tirelessly to settle creditors".

The Troubled Company Reporter-Europe reported in June 2009, citing
the the Sunday Times, that Cobra Beer was bought out of
administration via a GBP14 million pre-pack deal, whereby the
company was acquired by Molson Coors, maker of Carling lager, in a
joint venture with Lord Bilimoria.  TCR-Europe, citing
Telegraph.co.uk, noted that Lord Bilmoria was forced to put the
company into administration after failing to secure a sale or a
company voluntary arrangement (CVA).  Citing the administrators,
Telegraph.co.uk said the company had run into financial
difficulties as a result of the economic downturn.


EMERALD 2 LTD: Moody's Raises CFR to B2, Outlook Stable
-------------------------------------------------------
Moody's Investors Service upgraded the corporate family rating and
the probability of default rating of global environmental health
and safety consultancy Emerald 2 Limited to B2 from B3 and to B2-PD
from B3-PD respectively. Outlook remains stable.

Concurrently, Moody's has assigned a B1 rating to the proposed
first lien facilities borrowed by Eagle 4 Limited and other group
subsidiaries: $500 million first lien term loan and $200 million
first lien term loan (EUR equivalent) due 2026 and pari passu
ranking $125 million revolving credit facility due 2025. It has
also assigned a Caa1 rating to a $175 million second-lien term loan
due 2027 also borrowed by Eagle 4 Limited. Outlook assigned
stable.

The proceeds from the term loan facilities, together with $17
million cash on balance sheet will be used to refinance existing
debt. Moody's expects to withdraw the ratings on the existing debt
instruments upon debt repayment.

RATINGS RATIONALE

The rating upgrade reflects ERM's positive trading performance over
the last 12-18 months due to the improvement in market conditions
in key commodities markets as well as increased sector revenue
diversification, which has allowed ERM to tap into the growing
importance of environmental and sustainability considerations.
Consequently, the Moody's adjusted financial leverage has reduced
to 6.3x as at fiscal year 2019, ended March 31, 2019, pro-forma for
the entities to be contributed into the group as a result of the
proposed transaction.

ERM's CFR of B2 reflects the group's: (1) strong market position as
the only global pure-play provider of environmental consulting
services; (2) relatively stable EBITDA margin through the cycle,
supported by active cost management; (3) solid free cash flow
generation and (4) increased demand for ERM's services should be
underpinned by growing importance of sustainability considerations
and increasingly stringent environmental regulation.

Conversely, the CFR also reflects (1) competitive and fragmented
market where ERM competes with larger engineering companies and
management consultancy firms; (2) the flexibility of the cost base
is tempered by the need to retain and attract qualified workforce
and the reliance on key partners that hold the commercial
relationships; (3) Moody's Adjusted Leverage remains high at 6.3x
at closing of the transaction and (4) exposure to cyclical sectors,
including energy and mining.

Moody's expects leverage to remain high although gradually reducing
below 6x over the next 12-18 months. In addition to underlying
economic growth, increasingly stringent regulation over
environmental and health and safety risks, and growing importance
of sustainability and social considerations support ERM's growth.
However, ERM's deleveraging profile may be slowed by future debt
funded acquisitions given the fragmented nature of the market and
the ongoing consolidation.

RATING OUTLOOK

The stable outlook reflects Moody's expectations that the company
will continue to improve revenues and margins resulting in Moody's
adjusted leverage reducing gradually below 6x over the next 12-18
months whilst maintaining an adequate liquidity profile.

FACTORS THAT COULD LEAD TO AN UPGRADE

Upward pressure on the rating could occur if debt/EBITDA falls
below 5.5x and FCF/debt increases towards high single digits for a
sustained period of time, whilst maintaining solid EBITDA margins
and EBITA/Interest comfortably above 2x.

FACTORS THAT COULD LEAD TO A DOWNGRADE

Downward pressure on the rating could develop if ERM's liquidity
position deteriorates, debt/EBITDA trends towards 7x, FCF/debt
trends towards low single digits or EBITA/Interest deteriorates
below 1.5x for a sustained period of time.

LIQUIDITY PROFILE

ERM's liquidity profile remains adequate, with $170 million cash on
balance sheet at March 2019 pro forma for the transaction. Moody's
notes that $140 million are held at Reach Centrum, a Belgium
subsidiary acquired in March 2015, made up predominantly of client
deposits to cover the costs of ongoing compliance with the REACH
regulation in the EU. Management considers that the Reach Centrum
cash is available as a source of liquidity for the group. Moody's
expect that a proportion of the remainder $30m cash will be held in
certain entities where cash must be remitted via dividends and thus
not readily available for group liquidity purposes. In addition,
ERM's liquidity will be supported by a new upsized 6-year $125
million revolving credit facility (RCF), fully available with the
exception of $3.5 million used for guarantees. Moody's anticipate
that the group will maintain significant headroom under its
springing First Lien Net Leverage covenant test, applicable when
the RCF is drawn above 40%.

STRUCTURAL CONSIDERATIONS

The company's debt facilities as at March 31, 2019, pro forma for
the transaction, include $500 million and $200 million (EUR
equivalent) first lien term loan, due 2026, a pari passu ranking
$125 million revolving credit facility due 2025, and a $175 million
second lien term loan due 2027.

The B1 rating on the first lien senior secured facilities, one
notch above the CFR, reflects the cushion provided by the second
lien facility. The Caa1 rating on the second lien debt likewise
reflects its subordination to prior ranking first lien debt.

LIST OF AFFECTED RATINGS

Upgrades:

Issuer: Emerald 2 Limited

Probability of Default Rating, Upgraded to B2-PD from B3-PD

Corporate Family Rating, Upgraded to B2 from B3

Assignments:

Issuer: Eagle 4 Limited

BACKED Senior Secured 1st Lien Bank Credit Facility, Assigned B1

BACKED Senior Secured 2nd Lien Bank Credit Facility, Assigned Caa1

Outlook Actions:

Issuer: Eagle 4 Limited

Outlook, Assigned Stable

Issuer: Emerald 2 Limited

Outlook, Remains Stable


INEOS GROUP: Fitch Affirms BB+ LongTerm IDR, Outlook Stable
-----------------------------------------------------------
Fitch Ratings has affirmed Ineos Group Holdings' Long-Term Issuer
Default Rating at 'BB+' with Stable Outlook. Fitch has
simultaneously affirmed the group's senior secured debt at
'BBB-'/'RR2' and subordinated debt at 'BB'/'RR5'.

Ineos's rating continues to reflect the group's position as one of
the world's largest commodity chemical producers, with leading
market positions in Europe and in the US where it benefits from
advantageous raw material costs, large-scale integrated production
facilities with feedstock flexibility, and deep integration with
suppliers and customers. Rating constraints include Ineos's
exposure to cyclical and commoditised chemicals, a financial
profile commensurate with a 'BB' category rating, and corporate
governance deficiencies compared with other privately owned
Fitch-rated issuers with similarly concentrated ownership.

The Stable Outlook reflects its view that the headroom under its
3.5x net leverage negative sensitivity will gradually widen from
2020 and provide some flexibility for the large-scale projects
under consideration in Europe and Saudi Arabia. Fitch forecasts
Ineos's funds from operations (FFO) net leverage will increase to
3.5x at end-2019 on the back of the EUR1.45 billion one-off
dividends paid in February 2019. Its base case also assumes
supply-driven weakness in the US polyethylene market.

KEY RATING DRIVERS

Capex Intensity Likely Rise: Ineos has announced a EUR3 billion
project for a gas cracker and polypropylene dehydrogenation (PDH)
unit in Antwerp, as well as an agreement with Saudi Aramco and
Total to build three large-scale plants in Saudi Arabia for an
estimated USD2 billion (EUR1.8 billion). Its base case incorporates
the capex for the European investment in 2021-2022, which Fitch
understands would take priority, although the final investment
decision, financial structure and funding arrangements have not yet
been finalised. Its current assumption is that the timeline and
funding of the complex in Saudi Arabia will be beyond the rating
horizon.

Limited Financial Headroom: Ineos paid a EUR1,450 million dividend
to its parent in February 2019. As a result, Fitch forecasts free
cash flow (FCF) will turn sharply negative in 2019 for the first
time over the past fourr years, with net debt above EUR5 billion.
Coupled with its EBITDA forecast of EUR1.9 billion EBITDA and flat
capex in 2019, this will translate in FFO net adjusted leverage of
3.5x at end-2019, which leaves minimal headroom for material
unexpected headwinds or shareholder distributions. Its base case
forecasts widening headroom thereafter on the back of a rebound in
EBITDA levels supporting broadly neutral FCF despite high
expansionary capex rising to EUR1.5 billion from 2020. Dividends
are assumed at around EUR200 million.

Strong Performance in 2018: In 2018, Ineos's performance exceeded
its conservative forecasts, primarily due to higher than expected
prices across the petrochemical value chain, underpinned by
elevated oil prices and healthy supply-demand balance. Fitch notes
that higher feedstock costs, lower cracker margins due to increased
competition and depreciation of the US dollar against the euro
translated into lower overall EBITDA by EUR240 million than in
2017. The group recorded increased olefins and polymers (O&P) sales
volumes in North America and maintained stable EBITDA in its
chemical business.

Supply-driven Margin Pressure: Fitch expects the EBITDA margin to
remain in the 13%-15% range from 2020 onwards as planned US
capacity additions result in normalised top-of-the-cycle margins
for US operations, and despite the support that low medium-term
Fitch-projected oil prices would bring to the European operations.
The cost advantage for US ethylene production based on natural gas
liquid feedstock has spurred capacity expansion activity, with
additional ethylene capacity likely to come on line in 2019.
Accordingly, Fitch expects Ineos's overall EBITDA to decline to
EUR1.9 billion in 2019 and around EUR2.0 billion from 2020,
compared with EUR2.3 billion in 2018.

Strong Recoveries for Secured Debt: Up to 78% of the company's
total debt at end-2018 consisted of senior debt that ranks pari
passu across the facilities and is secured by first-ranking liens
including share pledges and mortgage. The noteholders benefit from
negative pledge and cross default clauses with no financial
maintenance covenants. The secured notes are rated one notch above
the IDR to reflect its exceptional recoveries. In contrast,
subordinated debt is rated one notch below the IDR reflecting its
structural and contractual subordination which is likely to result
in poor recovery rates.

Large Scale, Commodity Chemicals Manufacturer: Ineos is an
intermediate holding company within the wider Ineos group, which
operates within the commoditised petrochemical segments of O&P. The
company is one of the world's largest commodity chemical
manufacturers, with EUR16 billion turnover and 32 manufacturing
sites in six countries throughout the world. Ineos's products are
the key building blocks to create a variety of olefin derivatives
and serve a broad and diverse range of end markets, including
packaging, construction, automotive, white goods and durables,
agrochemicals and pharmaceuticals.

Cyclical Credit Profile: The inherently cyclical nature of the
commodity chemicals sector means Ineos is subject to feedstock and
end-product price volatility, driven by prevailing market
conditions, demand/supply drivers - especially with new
lower-quartile cost capacity coming online globally - and
stocking/de-stocking patterns alongside the chemical value chain.
Ineos manages volatility by capitalising on its critical mass as a
leading integrated petrochemical producer, with strong links to a
large customer and supplier base, and by leveraging feedstock
flexibility in its production sites. Earnings volatility is also
mitigated by the company's geographical and product
diversification.

Corporate Governance Deficiencies: Ineos's corporate governance
deficiencies are incorporated into the 'BB+' rating and centre
around a lack of independent directors, the company's three-person
private shareholding and key person risk. The structure of the
wider Ineos group is also complex, with restricted group perimeters
around certain businesses, and limited transparency on Ineos's
strategy around related-party transactions and dividends. These
factors are mitigated by the strong systemic governance in the
countries where the group operates and its record of no governance
failures, reasonable ordinary dividend distributions, related-party
transactions on an arm's length basis, and solid financial
reporting.

DERIVATION SUMMARY

Ineos's credit profile reflects its large scale, multiple
manufacturing facilities across North America and Europe, and
exposure to volatile and commoditised olefins and derivatives. This
makes it consistent with sector peers, such as Westlake Chemical
Corporation (BBB/Stable), Saudi Basic Industries Corporation
(A+/Stable), NOVA Chemicals Corporation (BBB-/Negative) and PAO
SIBUR Holding (BB+/Positive).

Ineos has stronger market-leading positions, is of larger scale and
has greater diversification and production flexibility compared
with Westlake, SIBUR and NOVA, which are more regional
petrochemical companies. However, Ineos has an overall weaker
feedstock position due to its lower margin European O&P and
intermediates business, which translates into mid-to-high teens
EBITDA margin compared with 25%-35% levels demonstrated by lower
cost peers. Ineos's leverage profile is also a relative weakness as
Fitch expects its leverage to peak at 3.5x in 2019 against all
peers sitting below 3x.

Ineos also differs from peers from the company's governance
perspective as it is a part of wider Ineos group embracing other
chemical businesses, mostly in Europe, with three-person private
shareholding. Ineos has a track record of successful yet
opportunistic M&A activities and related party transactions across
the group, as well as unexpected one-off dividends upstream across
key Ineos businesses in February 2019. These governance weaknesses
are incorporated in the IDR and are partly mitigated by the arm's
length basis and moderate scale of related party transactions,
adequate financial reporting and lack of overly aggressive
shareholder-friendly actions.

KEY ASSUMPTIONS

- Sales volumes to decline by low single digit across the segments
on turnarounds in Europe in 2019 and normalised US capacity
utilisation rates in 2019, broadly flat levels thereafter

- Ethylene and ethylene-based intermediates and polyolefins prices
to have marginally negative dynamics partially reflecting Fitch's
oil price deck: Brent at USD65/bbl in 2019, USD62.5/bbl in 2020 and
USD60/bbl in 2021

- EBITDA margin moderation towards around 13% in 2019-2020 from
14.2% in 2018 as weaker European operations and flat Chemical
Intermediates margins offset the partial cheaper gas-driven margin
rebound of North American operations

- Capex flat in 2019 at EUR1.2 billion with further gradual
increase towards EUR1.5 billion as ongoing projects' culmination is
offset by the upcoming potential projects

- Ordinary dividends in line with the 2018 level

RATING SENSITIVITIES

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

- FFO adjusted net leverage maintained at or under 2x through the
cycle and through the peak of capacity additions.

- Corporate governance improvements; in particular, better
transparency on decisions regarding dividends and related-party
loans, a more varied shareholding structure mitigating key person
risk and independent directors on the board.

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

- Prolonged market pressure translating in EBITDA margin below
10%.

- Aggressive capex, dividends or intra-group loans leading to
sustained negative FCF and/or FFO adjusted net leverage over 3.5x.

- Significant deterioration in business profile factors such as
cost advantage, scale, diversification or product leadership.

- Corporate governance failing, including, but not limited to,
transparency of reporting, beneficial shareholder actions or
related-party loans on favourable terms.

LIQUIDITY AND DEBT STRUCTURE

Comfortable Liquidity: As of December 2018, Ineos had readily
available cash of EUR1.8 billion against short-term debt of EUR61
million and Fitch's forecast negative FCF of EUR1 billion in 2019,
mainly driven by a EUR1.45 billion dividend payment. Although not
treated as a source of liquidity under its methodology, Fitch also
notes that Ineos has access to a securitisation facility of EUR800
million, of which EUR287 million was drawn at end-2018.

SUMMARY OF FINANCIAL ADJUSTMENTS

EUR148 million operating leases capitalised using 8x multiple EUR29
million issue costs added back to debt figure


JISTCOURT: Enters Administration, 50 Jobs at Risk
-------------------------------------------------
BBC News reports that Jistcourt, a Port Talbot construction
company, has gone into administration putting about 50 jobs at
risk.

Rob Norman, chairman of Jistcourt, said after almost 40 years
trading, it had "unfortunately" filed a notice of intention, BBC
relates.

According to BBC, Huw Powell -- Huw.Powell@begbies-traynor.com --
of administrators Begbies Traynor said "challenging, loss-making
projects" caused cash problems.

"Despite a strong order book, this has left the business with a
legacy of debt and no way of rectifying the situation," BBC quotes
Mr. Powell as saying.

"Reluctantly, the directors have taken the difficult step of making
47 of their 66 employees redundant.

"Together with the remaining staff, Jistcourt's directors will be
working with clients on remaining live projects to bring them to a
workable conclusion."

Jistcourt, founded in 1980, specializes in housing association and
local authority developments.


LONDON CAPITAL: Police Arrests Fifth Person in Collapse Probe
-------------------------------------------------------------
James Booth at City A.M. reports that police on June 19 arrested
millionaire businessman
Paul Careless in connection with the collapse of mini-bond
investment firm London Capital & Finance (LCF).

He is the fifth person arrested as part of a Serious Fraud Office
(SFO) investigation into LCF's failure, City A.M. notes.

According to City A.M., an SFO spokesperson said: "On June 19,
2019, search warrants were executed at several properties in the
Home Counties.  One individual was arrested and released pending
further investigation. The operation was conducted with the
assistance of the National Crime Agency."

LCF went into administration in January owing GBP236 million to
more than 11,000 investors, City A.M. recounts.

Its collapse is being investigated by the Financial Conduct
Authority and the SFO, which has made five arrests, City A.M.
discloses.


MORTIMER BTL 2019-1: Moody's Lowers Class E Notes to (P)Caa1
------------------------------------------------------------
Moody's Investors Service downgraded the provisional ratings of
Class D Notes, Class E Notes and Class X Notes in Mortimer BTL
2019-1 PLC:

  GBP[]M Class D Mortgage Backed Floating Rate Notes due [June
  2051], Downgraded to (P)Baa2 (sf), previously on May 29, 2019
  rated (P)Baa1 (sf)

  GBP[]M Class E Mortgage Backed Floating Rate Notes due [June
  2051], Downgraded to (P)Caa1 (sf), previously on May 29, 2019
  rated (P)B3 (sf)

  GBP[]M Class X Mortgage Backed Floating Rate Notes due [June
  2051], Downgraded to (P)B2 (sf), previously on May 29, 2019
  rated (P)B1 (sf)

The rating action reflects the correction of an input error by
Moody's in the yield vector assumption used in its cash flow
analysis. Moody's has not taken any rating action as a result of
the correction on the Class A, B and C Notes, which correspond to
approximately 93.5% of the underlying portfolio.

RATINGS RATIONALE

The rating action is prompted by the correction to an input error
by Moody's in the yield vector used to model the cash flow of the
transaction. The yield vector used to assign provisional ratings
did not include any stress related to the basis risk arising
because of a potential mismatch between LIBOR paid by the
underlying mortgages and the SONIA rate paid under the Notes.

All the mortgages in the pool carry a fixed rate resetting to
3-month LIBOR + a margin at their reset date. The transaction
benefits from a swap agreement to mitigate the fixed-floating
mismatch between the initial fixed rate paid by the mortgages and
the SONIA + margin paid under the Notes. The mismatch between the
reset floating rate of the mortgages and the floating rate of the
Notes will remain unhedged and could reduce available cash to pay
items in the waterfall in particular impacting the ratings on
Classes D, E and X.

The principal methodology used in these ratings was "Moody's
Approach to Rating RMBS Using the MILAN Framework" published in
March 2019.

The analysis undertaken by Moody's at the initial assignment of
ratings for RMBS securities may focus on aspects that become less
relevant or typically remain unchanged during the surveillance
stage.

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

Factors or circumstances that could lead to an upgrade of the
ratings include: (1) performance of the underlying collateral that
is better than Moody's expected; (2) deleveraging of the capital
structure; and (3) improvements in the credit quality of the
transaction counterparties.

Factors or circumstances that could lead to a downgrade of the
ratings include: (1) an increase in sovereign risk; (2) performance
of the underlying collateral that is worse than Moody's expected;
(3) deterioration in the Notes' available credit enhancement; and
(4) deterioration in the credit quality of the transaction
counterparties.


PATISSERIE VALERIE: Five People Arrested Over Accounting Fraud
--------------------------------------------------------------
BBC News reports that the Serious Fraud Office said five people
have been arrested and questioned over alleged accounting fraud at
the Patisserie Valerie chain.

The SFO said the arrests took place last Tuesday, June 18, in a
joint operation with police, BBC relates.

The move comes eight months after the firm's former finance
director, Chris Marsh, was arrested and freed on bail, BBC notes.

Patisserie Valerie went into administration in January and was
bought for GBP5 million by Causeway Capital, BBC recounts.

The collapse followed the discovery of a huge black hole in the
firm's accounts, eventually valued at GBP94 million, BBC states.

After it went into administration, the cafe chain was found to have
overstated its cash position by GBP30 million and failed to
disclose overdrafts of nearly GBP10 million, BBC relays.

The cafe chain had 206 outlets and 3,000 staff when it collapsed,
according to BBC.


PINNACLE BIDCO: Moody's Raises CFR to B2, Outlook Stable
--------------------------------------------------------
Moody's Investors Service upgraded Pinnacle Bidco plc's corporate
family rating to B2 from B3 and probability of default rating to
B2-PD from B3-PD. Concurrently, Moody's has upgraded instrument
ratings on the GBP430 million senior secured notes due 2025 to B2
from B3 and on the GBP60 million super senior revolving credit
facility due 2024 to Ba2 from Ba3, all borrowed by Pinnacle Bidco
plc. The outlook remains stable.

"The upgrade reflects solid EBITDA growth and its expectation that
Pure Gym's Moody's adjusted leverage will stay below 6.5x over the
next 12-18 months. The growth was supported by successful expansion
of the company's network and increase in average price paid by the
members" -- says Egor Nikishin, the lead analyst for Pure Gym.

RATINGS RATIONALE

Pure Gym has significantly decreased its leverage: Moody's adjusted
debt / EBITDA was down to 6.0x as of March 2019 from 7.1x as of
September 2017, when the initial rating was assigned. Although
following the GBP40 million tap bond issuance in May, the leverage
increased to around 6.4x, Moody's expects it to remain below the
trigger of 6.5x and to gradually improve towards 6x, supported by
further expansion of the network and earnings growth. Moody's
believes the tap has effectively pre-funded Pure Gym's capital
spending needs for the next 12-18 months.

Pure Gym benefits from its leading position as the largest UK gym
operator, by number of members and of sites. As of March 2019 the
company operated 230 sites and had an estimated 10% market share by
number of members and around 40% more members than the second
largest competitor by this measure, The Gym Group plc, which like
Pure Gym is positioned in the value segment. Moody's expects that
Pure Gym's established operations, good brand visibility, and
continued new openings will enable the company to organically grow
its revenue by 9%-10% per year over the next 12-18 months, further
growing the value segment of the UK health and fitness market in
the process.

Pure Gym's ratings also reflect (1) relatively high reported EBITDA
margins of around 35% as a result of an efficient cost structure
driven by low labour costs (2) still favourable market dynamics
with the value segment expected to continue to attract members from
mid-market gyms; (3) simple and clear price offering supported by
user-friendly technology; and (4) more than 90% of revenue
generated from recurring monthly membership payments.

However less positively, the ratings incorporate the highly
competitive nature of the health and fitness market, and the
broader leisure one. Moody's believes that barriers to entry to the
gym market are low, which perpetuates a high degree of competition
among operators. Moreover, competition has been intensifying over
the last several years on the back of rapid expansion of the value
gym operators.

The company's ratings are also constrained by (1) the lack of
geographic diversification outside the UK and the limited scale of
the business; (2) the company's very quick growth achieved over the
last several years which poses execution risks, although so far the
company has been successfully in building a track record of
managing the expansion profitably and in line with its plan; (3)
the embedded exposure to macro-economic trends and shifts in
discretionary consumer spending which are only partially mitigated
by Pure Gym's low-cost offering; and (4) the high member churn
rates as a result of a distinctive business model with no
fixed-term contracts.

LIQUIDITY PROFILE

Pure Gym's liquidity is good, supported by GBP16 million of cash as
of March 2019, GBP40 million proceeds from the tap bond issuance in
May 2019 and its GBP60 million undrawn SSRCF.

Moody's understands that the company has a good quality estate,
with more than half of the gyms having been operating for less than
four years, and as such no material refresh/catch up capex
programme should be expected in the next 12-18 months. Working
capital benefits from advance payments from members while major
suppliers are paid in arrears.

The company's free cash flow (FCF) - calculated after interest
expense, taxes, working capital changes and capex -- has
historically been negative, due to organic openings and conversion
of acquired gyms, but turned positive at GBP20 million in 2018.
Moody's expects FCF to remain positive, albeit limited at around
GBP5-GBP10 million per year, over the next 12-18 months as the
company continues to roll-out new gyms to further strengthen Pure
Gym's leading position in the UK.

The SSRCF has one springing covenant (senior secured leverage - as
calculated by the management) that is tested when the facility is
over 40% drawn. The senior secured leverage covenant is set at net
debt of 7.7x Run Rate Adjusted EBITDA and currently leverage as
determined by management is less than 4x in this basis.

STRUCTURAL CONSIDERATIONS

As of June 2019, the capital structure comprises GBP430 million of
senior secured notes due 2025, a GBP60 million SSRCF due 2024, and
GBP321 million of shareholder loan that Moody's treats as equity.
The B2 instrument rating on the notes is in line with the company's
CFR while the Ba2 instrument rating on the RCF reflects its super
senior ranking ahead of the notes. Both the notes and SSRCF are
secured by first-priority interests over substantially all the
assets of Pure Gym and the Guarantors. The facilities are
guaranteed by group companies representing not less than 80% of
group's consolidated EBITDA.

RATING OUTLOOK

The stable outlook reflects Moody's expectation that the company
will continue to maintain Moody's adjusted leverage below 6.5x
while further increasing revenue and EBITDA through successful gym
openings. The stable outlook also assumes that the company will
maintain adequate liquidity at all times.

FACTORS THAT COULD LEAD TO AN UPGRADE

Positive pressure could arise if: (1) the company continues to
deliver positive organic revenue and EBITDA and significantly
increases scale and diversification of its operations; (2) Moody's
adjusted Debt/EBITDA decreases below 5x and (3) RCF / Net debt is
maintained well above 10%.

FACTORS THAT COULD LEAD TO A DOWNGRADE

Downward pressure could materialise if (1) Moody's adjusted gross
leverage increases above 6.5x; (2) RCF / Net debt deteriorates
sustainably below 10%; (3) the liquidity profile materially
weakens; or (4) there is any significant decline in number of
members or in membership yield.




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

[*] BOND PRICING: For the Week June 17 to June 21, 2019
-------------------------------------------------------
Issuer                      Coupon    Maturity  Currency  Price
------                      ------    --------  --------  -----
Thomas Cook Group PLC        6.250   6/15/2022    EUR     46.657
Thomas Cook Finance 2 P      3.875   7/15/2023    EUR     44.164
Officine Maccaferri-SpA      5.750    6/1/2021    EUR     50.202
La Financiere Atalian S      4.000   5/15/2024    EUR     72.653
Sudzucker International      2.791                EUR     73.690
Distribuidora Internaci      0.875    4/6/2023    EUR     56.766
Banca Monte dei Paschi       5.375   1/18/2028    EUR     58.854
Distribuidora Internaci      1.000   4/28/2021    EUR     63.836
Senvion Holding GmbH         3.875  10/25/2022    EUR     37.005
Aegon NV                     0.232                EUR     70.733
Mallinckrodt Internatio      4.750   4/15/2023    USD     73.175
Casino Guichard Perrach      3.992                EUR     59.666
Moby SpA                     7.750   2/15/2023    EUR     31.682
Casino Guichard Perrach      1.583                EUR     37.709
Intralot Capital Luxemb      5.250   9/15/2024    EUR     47.800
Teva Pharmaceutical Fin      4.100   10/1/2046    USD     68.643
La Financiere Atalian S      5.125   5/15/2025    EUR     72.449
Astaldi SpA                  7.125   12/1/2020    EUR     24.493
Nostrum Oil & Gas Finan      8.000   7/25/2022    USD     69.862
Nyrstar Netherlands Hol      6.875   3/15/2024    EUR     42.052
Intralot Capital Luxemb      6.750   9/15/2021    EUR     69.100
Aldesa Financial Servic      7.250    4/1/2021    EUR     70.341
Rothschild & Co Continu      0.670                EUR     70.127
Fuerstenberg Capital II      5.625                EUR     67.600
Debenhams PLC                5.250   7/15/2021    GBP     42.072
Mallinckrodt Internatio      5.500   4/15/2025    USD     73.955
Ensco Rowan plc              5.750   10/1/2044    USD     63.605
Air France-KLM               0.125   3/25/2026    EUR     17.293
Vallourec SA                 2.250   9/30/2024    EUR     72.770
Nyrstar Netherlands Hol      8.500   9/15/2019    EUR     43.273
Aegon NV                     2.582                USD     72.389
Cooperativa Muratori &       6.000   2/15/2023    EUR      5.000
Obrascon Huarte Lain SA      4.750   3/15/2022    EUR     68.070
Rallye SA                    4.371   1/23/2023    EUR     64.173
ING Groep NV                 0.230                EUR     73.634
Constellation Oil Servi      9.500   11/9/2024    USD     41.615
Bayer Capital Corp BV        5.625  11/22/2019    EUR     72.865
Galapagos Holding SA         7.000   6/15/2022    EUR     18.591
Astaldi SpA                  4.875   6/21/2024    EUR     10.097
Nostrum Oil & Gas Finan      7.000   2/16/2025    USD     66.605
AXA SA                       0.548                EUR     72.114
Kirk Beauty One GmbH         8.750   7/15/2023    EUR     67.590
Banque Federative du Cr      0.979                EUR     68.309
Yasar Holding AS             8.875    5/6/2020    USD     61.665
Turkiye Is Bankasi AS        7.000   6/29/2028    USD     72.600
Rallye SA                    5.250    2/1/2022    EUR     68.117
Hema Bondco II BV            8.500   1/15/2023    EUR     68.989
Aegon NV                     1.425                NLG     67.906
New Look Secured Issuer      6.500    7/1/2022    GBP     29.400
Steinhoff Europe AG          1.875   1/24/2025    EUR     73.504
EA Partners I BV             6.875   9/28/2020    USD     43.418
Obrascon Huarte Lain SA      5.500   3/15/2023    EUR     67.853
Korian SA                    2.500                EUR     44.521
Vallourec SA                 4.125   10/4/2022    EUR      5.462
EA Partners II BV            6.750    6/1/2021    USD     43.333
Privatbank CJSC Via UK      10.250   1/23/2018    USD     30.267
Offshore Drilling Holdi      8.375   9/20/2020    USD     43.865
Ageasfinlux SA               1.041                EUR     53.057
OAS Investments GmbH         8.250  10/19/2019    USD      0.980
Boparan Finance PLC          4.375   7/15/2021    EUR     69.333
Steinhoff Finance Holdi      1.250  10/21/2023    EUR     46.419
Cooperativa Muratori &       6.875    8/1/2022    EUR      4.945
Fortenova Grupa d.d.         9.875    5/1/2019    EUR     18.950
O1 Properties Finance P      8.250   9/27/2021    USD     75.000
Pizzaexpress Financing       8.625    8/1/2022    GBP     48.837
FF Group Finance Luxemb      1.750    7/3/2019    EUR      5.809
Mitsubishi UFJ Investor      4.190  12/15/2050    EUR     54.863
Rothschild & Co Continu      2.938                USD     57.689
Credit Agricole SA           0.711                EUR     73.283
AXA SA                       2.760                USD     73.899
La Financiere Atalian S      6.625   5/15/2025    GBP     71.911
Rallye SA                    3.250    2/8/2024    CHF     56.225
BNP Paribas Fortis SA        1.691                EUR     74.448
Banco Santander SA           0.502                EUR     68.860
AXA SA                       2.804                USD     72.932
Credit Mutuel Arkea SA       0.857                EUR     66.052
BNP Paribas SA               0.975                EUR     61.300
Odea Bank AS                 7.625    8/1/2027    USD     68.921
Genfit                       3.500  10/16/2022    EUR     28.963
CNP Assurances               0.480                EUR     70.092
Neopost SA                   3.375                EUR     53.682
Immigon Portfolioabbau       6.082                EUR     16.153
Avangardco Investments      10.000  10/29/2018    USD     17.898
VIEO BV                      6.750    9/7/2020    EUR     64.100
Boparan Finance PLC          5.500   7/15/2021    GBP     69.183
Societe Generale SA          2.962                USD     65.000
Bank Otkritie Financial     10.000   4/26/2019    USD      8.000
Air Berlin PLC               6.750    5/9/2019    EUR      2.873
Caisse Federale du Cred      0.590                EUR     68.407
Fibabanka AS                 7.750  11/24/2027    USD     72.399
Bourbon Corp                 6.446                EUR      4.000
Capital Raising GmbH         7.500                EUR     55.742
Maisons du Monde SA          0.125   12/6/2023    EUR     44.442
HSBC Bank PLC                3.126                USD     73.268
Banco Espirito Santo SA      2.625    5/8/2017    EUR     25.754
Econocom Group SA/NV         0.500    3/6/2023    EUR      7.003
New Look Senior Issuer       8.000    7/1/2023    GBP      1.500
Mitsubishi UFJ Investor      3.940  12/30/2099    EUR      4.844
ADLER Real Estate AG         2.500   7/19/2021    EUR     15.433
Hellenic Bank PCL           10.000                EUR     46.303
Greenyard Fresh NV           3.750  12/22/2021    EUR     66.114
Constellation Oil Servi      6.250   11/9/2019    USD      3.000
Nova Ljubljanska Banka       4.200    5/6/2029    EUR     62.415
Fortenova Grupa d.d.         9.125    2/1/2020    EUR     18.728
Air Berlin PLC               8.250   4/19/2018    EUR      3.909
FF Group Finance Luxemb      3.250   11/2/2021    CHF      6.903
HSBC Bank PLC                2.938                USD     73.541
Caixa Terrassa Societat      1.025                EUR     70.431
Grupo Isolux Corsan SA       6.000  12/30/2021    EUR      0.153
Societe Generale SA          0.744                EUR     59.180
Nyrstar NV                   5.000   7/11/2022    EUR     41.757
Banco Espirito Santo SA      4.000   1/21/2019    EUR     27.918
syncreon Group BV / syn      8.625   11/1/2021    USD     36.736
HSBC Bank PLC                3.038                USD     73.541
Turkiye Sinai Kalkinma       7.625   3/29/2027    USD     74.612
Scholz Holding Gmbh          8.500  12/31/2019    EUR      0.927
Union Fenosa Preferente      1.341                EUR     74.000
GEWA 5 to 1 GmbH & Co K      6.500   3/24/2018    EUR     13.650
Portugal Telecom Intern      4.625    5/8/2020    EUR      1.207
Banco Espirito Santo SA      4.750   1/15/2018    EUR     27.135
Jyske Bank A/S               0.907                EUR     74.229
Grupo Isolux Corsan SA       0.250  12/30/2021    EUR      0.112
EOS Imaging SA               6.000   5/31/2023    EUR      6.105
Privatbank CJSC Via UK      10.875   2/28/2018    USD     31.087
Fortenova Grupa d.d.         8.875    2/1/2020    USD     19.250
New Look Secured Issuer      4.500    7/1/2022    EUR     27.540
Nexity SA                    0.250    3/2/2025    EUR     64.340
Nexity SA                    0.125    1/1/2023    EUR     63.809
Banco BPM SpA                1.570                EUR     72.083
Cooperatieve Rabobank U      9.250   7/15/2021    TRY     74.330
Rickmers Holding AG          8.875   6/11/2018    EUR      1.608
Jyske Bank A/S               0.735                EUR     74.010
Air Berlin PLC               5.625    5/9/2019    CHF      2.304
Pierre & Vacances SA         2.000    4/1/2023    EUR     51.529
FIGEAC-AERO                  1.125  10/18/2022    EUR     23.441
Bayer Capital Corp BV        5.625  11/22/2019    EUR     73.229
Privatbank CJSC Via UK      11.000    2/9/2021    USD      6.876
Lambay Capital Securiti      6.250                GBP      1.455
BNP Paribas SA               2.726                USD     63.232
Hamon & CIE SA               5.500   1/30/2020    EUR     59.000
Portugal Telecom Intern      5.000   11/4/2019    EUR      1.504
NIBC Bank NV                 2.627                USD     65.750
Banco Santander SA           0.623                EUR     68.617
Allied Irish Banks PLC      12.500   6/25/2035    GBP     72.210
Bilt Paper BV                9.640                USD      7.782
House of Fraser Funding      6.554   9/15/2020    GBP      2.437
Zaklady Miesne Henryk K      6.720   6/24/2019    PLN     56.120
Fuerstenberg Capital Er      1.319                EUR     59.579
Alno AG                      8.500   5/14/2018    EUR      5.471
UkrLandFarming PLC          10.875   3/26/2018    USD     12.887
EDOB Abwicklungs AG          7.500    4/1/2012    EUR      1.493
Turkiye Garanti Bankasi     11.500  11/12/2021    TRY     71.809
Afren PLC                    6.625   12/9/2020    USD      0.029
Thomas Cook Group PLC        6.250   6/15/2022    EUR     46.610
Klarna Bank AB               5.678                SEK     66.180
Portugal Telecom Intern      5.875   4/17/2018    EUR      1.283
Cattles Ltd                  8.125    7/5/2017    GBP      0.253
Barclays Bank PLC            2.938                USD     73.500
Virgolino de Oliveira F     10.500   1/28/2018    USD      4.544
Mitchells & Butlers Fin      2.970   6/15/2036    GBP     70.638
Eramet                       4.000                EUR     58.884
Lloyds Bank PLC              1.705  12/27/2028    USD     70.088
Norske Skog AS              11.750  12/15/2019    EUR     65.050
Banco Espirito Santo SA      7.125  11/28/2023    EUR      0.196
Landwirtschaftliche Ren      9.500   5/23/2022    TRY     69.359
Dolphin Drilling ASA         4.280   8/28/2019    NOK     12.220
WPE International Coope     10.375   9/30/2020    USD     14.872
OGX Austria GmbH             8.500    6/1/2018    USD      0.071
Credit Lyonnais SACA         0.680                EUR     59.000
Tresu Investment Holdin      5.000   9/29/2022    EUR     37.093
Alitalia-Societa Aerea       5.250   7/30/2020    EUR      4.315
Thomas Cook Finance 2 P      3.875   7/15/2023    EUR     44.068
Portugal Telecom Intern      4.375   3/24/2017    EUR      1.460
Santhera Pharmaceutical      5.000   2/17/2022    CHF     72.274
Johnston Press Bond Plc      8.625    6/1/2019    GBP     42.841
CNP Assurances               2.000                EUR     69.000
Dexia Credit Local SA        1.417                EUR      7.435
Claranova SADIR              5.000    7/1/2023    EUR      1.180
Hybrid Raising GmbH          6.625                EUR     58.426
SSM Holding AB               8.000    5/9/2020    SEK     65.534
Scandinavian Airlines S      0.625                CHF     28.375
Lauritz.com Group A/S        7.500  12/17/2024    SEK     49.281
Nostrum Oil & Gas Finan      8.000   7/25/2022    USD     69.885
Intralot Capital Luxemb      5.250   9/15/2024    EUR     47.731
HOCHDORF Holding AG          3.500   3/30/2020    CHF     55.000
Yuksel Insaat AS             9.500  11/10/2015    USD      2.545
Barclays Bank PLC            1.813                GBP     73.819
Portugal Telecom Intern      4.500   6/16/2025    EUR      1.332
Tonon Luxembourg SA         12.500   5/14/2024    USD      2.843
OSX 3 Leasing BV            13.000   3/20/2015    USD     24.948
DNB Bank ASA                 2.813                USD     65.395
Barclays Bank PLC            3.125                USD     74.250
Tonon Luxembourg SA          9.250   1/24/2020    USD      2.127
DNB Bank ASA                 2.879                USD     65.476
Espirito Santo Financia      6.875  10/21/2019    EUR      0.562
Norske Skog Holding AS       8.000   2/24/2021    EUR      0.389
Lehman Brothers UK Capi      6.900                USD      3.750
Hellenic Republic Gover      2.085   7/25/2057    EUR     48.500
Breeze Finance SA            6.708   4/19/2027    EUR     28.950
Constellation Oil Servi      9.500   11/9/2024    USD     41.686
Dexia SA                     1.469                EUR      8.067
Elli Investments Ltd        12.250   6/15/2020    GBP     54.654
Orient Express Bank PJS     10.000                USD     50.000
Zaklady Miesne Henryk K      6.970   3/29/2021    PLN     60.000
Norske Skogindustrier A      7.000  12/30/2026    EUR      0.115
Deutsche Bank AG/London      0.216  10/31/2034    USD     61.500
Cirio Holding Luxembour      6.250   2/16/2004    EUR      1.206
Veneto Banca SpA             9.500   12/1/2025    EUR      0.337
Lloyds Bank PLC              0.172   4/25/2034    USD     61.417
NIBC Bank NV                 0.552                EUR     66.167
Stichting Afwikkeling O     11.250                EUR      0.850
Barclays Bank PLC            1.975   3/27/2029    USD     67.250
Natixis SA                   0.300   6/25/2048    USD     31.841
Kommunekredit                0.500   7/30/2027    TRY     23.289
Mallinckrodt Internatio      5.500   4/15/2025    USD     73.695
New World Resources NV       4.000   10/7/2020    EUR      0.395
BAT International Finan      2.250    9/9/2052    GBP     69.956
Tonon Luxembourg SA         12.500   5/14/2024    USD      2.843
BIM SAS                      2.500  11/13/2020    EUR     22.280
Tonon Luxembourg SA          9.250   1/24/2020    USD      2.127
Lehman Brothers UK Capi      3.875                EUR      8.500
Idea Bank SA                 5.090   8/14/2020    PLN     65.000
DNB Bank ASA                 2.837                USD     65.666
Praktiker AG                 5.875   2/10/2016    EUR      0.089
Stichting Afwikkeling O      6.250  10/26/2020    EUR      4.594
KTG Agrar SE                 7.250  10/15/2019    EUR      1.395
Oi Brasil Holdings Coop      5.625   6/22/2021    EUR      1.258
Lloyds Bank PLC              0.172  10/25/2033    USD     60.027
Waste Italia SpA            10.500  11/15/2019    EUR      0.587
Lehman Brothers UK Capi      5.125                EUR      8.500
International Industria      9.000    7/6/2011    EUR      0.102
Barclays Bank PLC            0.912   7/31/2034    USD     69.744
New World Resources NV       8.000    4/7/2020    EUR      1.506
Nostrum Oil & Gas Finan      7.000   2/16/2025    USD     66.464
NTRP Via Interpipe Ltd      10.250    8/2/2017    USD     28.570
GNB - Cia de Seguros de      3.191                EUR     72.269
KTG Agrar SE                 7.125    6/6/2017    EUR      1.000
Virgolino de Oliveira F     11.750    2/9/2022    USD      3.000
Havila Shipping ASA          5.000   11/7/2020    NOK     48.000
Windreich GmbH               6.500   7/15/2016    EUR      8.875
Kaupthing ehf                7.625   2/28/2015    USD      0.250
Hellas Telecommunicatio      8.500  10/15/2013    EUR      0.602
Corporate Commercial Ba      8.250    8/8/2014    USD      1.837
Enertronica SpA              7.000  12/31/2022    EUR     49.890
OGX Austria GmbH             8.375    4/1/2022    USD      0.012
Intralot Capital Luxemb      6.750   9/15/2021    EUR     69.000
Afren PLC                   10.250    4/8/2019    USD      0.011
Kaupthing ehf                5.750   10/4/2011    USD      0.250
Eiendomskreditt AS           5.100                NOK     60.498
Portugal Telecom Intern      6.250   7/26/2016    EUR      1.817
ESFIL-Espirito Santo Fi      5.250   6/12/2015    EUR      0.109
Nyrstar Netherlands Hol      8.500   9/15/2019    EUR     43.273
Vseukrainsky Aktsinerny     10.900   6/14/2019    USD      1.056
Afren PLC                   11.500    2/1/2016    USD      0.012
Barclays Bank PLC            3.125                USD     73.708
CBo Territoria               6.000    1/1/2020    EUR      3.690
Officine Maccaferri-SpA      5.750    6/1/2021    EUR     50.234
German Pellets GmbH          7.250    7/9/2018    EUR      0.478
Erotik-Abwicklungsgesel      7.750    7/9/2019    EUR      0.771
Cooperatieve Rabobank U      0.500   7/30/2043    MXN     11.004
Transcapitalbank JSC Vi     10.000   9/18/2020    USD     56.666
Virgolino de Oliveira F     10.500   1/28/2018    USD      4.700
Banco Espirito Santo SA      2.337                EUR      0.054
Nyrstar Netherlands Hol      6.875   3/15/2024    EUR     43.768
Touax SCA-SGTR-CITE-SGT      6.000   7/10/2020    EUR     18.147
JZ Capital Partners Ltd      6.000   7/30/2021    GBP     10.000
APP International Finan     11.750   10/1/2005    USD      0.217
OGX Austria GmbH             8.500    6/1/2018    USD      0.071
Barclays Bank PLC            1.048   5/14/2029    USD     66.076
Aralco Finance SA           10.125    5/7/2020    USD      2.770
Kaupthing ehf                5.750   10/4/2011    USD      0.250
Societe Generale SA          1.600    1/9/2020    GBP      1.100
Credit Suisse AG             2.522   4/29/2031    USD     73.875
Turkey Government Bond      12.400    3/8/2028    TRY     74.750
Cirio Finanziaria SpA        8.000  12/21/2005    EUR      0.186
Windreich GmbH               6.500    3/1/2015    EUR      8.875
Hellas Telecommunicatio      6.054   1/15/2015    USD      0.304
Banca Popolare di Vicen      9.500   9/29/2025    EUR      0.277
Turkiye Garanti Bankasi      5.100    4/7/2027    EUR     65.901
Stroika Finance Ltd Via      9.900   6/25/2019    RUB      2.500
Solship Invest 1 AS          5.000   12/8/2024    NOK     10.530
Koninklijke Luchtvaart       0.750                CHF     36.500
CBo Territoria               3.750    7/1/2024    EUR      4.610
Havila Shipping ASA          5.000   11/7/2020    NOK     60.000
SeniVita Sozial gGmbH        7.000                EUR     65.000
Cooperatieve Rabobank U      0.500   2/26/2029    HUF     63.420
La Financiere Atalian S      5.125   5/15/2025    EUR     72.451
Lehman Brothers UK Capi      5.750                EUR      1.486
Offshore Drilling Holdi      8.375   9/20/2020    USD     44.023
LBI ehf                      6.100   8/25/2011    USD      7.000
Lloyds Bank PLC              1.611   7/26/2033    USD     60.844
Vneshprombank Ltd Via V      9.000  11/14/2016    USD      0.001
IT Holding Finance SA        9.875  11/15/2012    EUR      0.009
Senvion Holding GmbH         3.875  10/25/2022    EUR     37.000
BBVA International Pref      1.698                GBP     63.500
Cirio Del Monte NV           7.750   3/14/2005    EUR      1.104
EFG International AG         0.791                EUR     38.000
La Financiere Atalian S      4.000   5/15/2024    EUR     72.383
Norske Skogindustrier A      2.000  12/30/2115    EUR      0.027
Zurcher Kantonalbank Fi     11.880   12/5/2019    USD     74.540
Inside Secure SA             6.000   6/29/2022    EUR      3.682
Zaklady Miesne Henryk K      6.970   3/29/2021    PLN     60.000
Lehman Brothers Treasur      2.522   10/5/2035    EUR      3.400
PNE AG                       3.750  10/10/2019    EUR      3.320
Finmek International SA      7.000   12/3/2004    EUR      2.290
Yasar Holding AS             8.875    5/6/2020    USD     62.329
Societe Centrale des Bo      2.500   5/15/2023    EUR      6.780
Frey                         6.000  11/15/2022    EUR     25.510
Depfa Funding II LP          6.500                EUR     55.071
Moby SpA                     7.750   2/15/2023    EUR     32.141
Barclays Bank PLC            0.276   6/17/2033    USD     64.530
Banca Popolare di Vicen      2.821  12/20/2017    EUR      0.058
OAS Investments GmbH         8.250  10/19/2019    USD      0.980
Cirio Finance Luxembour      7.500   11/3/2002    EUR      3.608
Espirito Santo Financia      3.125   12/2/2018    EUR      0.089
Bulgaria Steel Finance      12.000    5/4/2013    EUR      0.381
Depfa Funding III LP         1.064                EUR     57.004
Irish Bank Resolution C      5.454   6/13/2017    HKD     48.366
Banco Pinto & Sotto May      1.146                EUR     56.000
syncreon Group BV / syn      8.625   11/1/2021    USD     36.736
Turkey Government Bond      10.600   2/11/2026    TRY     69.200
Afren PLC                   10.250    4/8/2019    USD      0.011
KPNQwest NV                  8.125    6/1/2009    USD      0.170
Lloyds Bank PLC              1.260    7/5/2033    USD     58.987
Banco Espirito Santo SA      2.517                EUR      1.621
HSBC France SA               0.635                EUR     45.000
Alno AG                      8.000   3/21/2019    EUR      4.000
Espirito Santo Financia      9.750  12/19/2025    EUR      0.218
KPNQwest NV                 10.000   3/15/2012    EUR      0.184
Barclays Bank PLC            0.995   9/13/2028    USD     69.059
German Pellets GmbH          7.250  11/27/2019    EUR      0.478
Waste Italia SpA            10.500  11/15/2019    EUR      0.587
Pescanova SA                 5.125   4/20/2017    EUR      0.500
Agrokor dd Via Aquarius      4.921    8/8/2017    EUR     15.250
Del Monte Finance Luxem      6.625   5/24/2006    EUR      3.618
Republic of Italy Gover      0.051   7/31/2045    EUR     66.383
Phosphorus Holdco PLC       10.000    4/1/2019    GBP      4.305
Steilmann SE                 7.000   9/23/2018    EUR      1.429
Lehman Brothers Treasur      2.522   3/16/2035    EUR      3.400
International Industria     11.000   2/19/2013    USD      0.102
Alpine Holding GmbH          6.000   5/22/2017    EUR      0.102
Robyg SA                     4.490   3/29/2023    PLN    100.200
Municipality Finance PL      0.500   6/19/2024    ZAR     65.386
Norske Skog Holding AS       8.000   2/24/2023    USD      2.761
New Look Senior Issuer       8.000    7/1/2023    GBP      1.500
Saleza AS                    9.000   7/12/2021    EUR      0.500
Artea                        6.000    8/4/2019    EUR     14.200
Boparan Finance PLC          5.500   7/15/2021    GBP     69.572
Akbank T.A.S.                6.797   4/27/2028    USD     75.458
Pescanova SA                 8.750   2/17/2019    EUR      0.500
AKB Peresvet ZAO             0.510   2/14/2032    RUB     18.010
Elli Investments Ltd        12.250   6/15/2020    GBP     54.654
Mriya Agro Holding PLC       9.450   4/19/2018    USD      7.420
Manchester Building Soc      6.750                GBP     10.742
A-TEC Industries AG          8.750  10/27/2014    EUR      0.357
CRC Breeze Finance SA        6.110    5/8/2026    EUR     45.625
Lehman Brothers Treasur      2.522   11/2/2035    EUR      3.400
Turkey Government Bond      10.500   8/11/2027    TRY     67.300
KPNQwest NV                  8.875    2/1/2008    EUR      0.170
Cooperatieve Rabobank U      0.500   1/31/2033    MXN     26.947
Barclays Bank PLC            0.990   9/29/2034    USD     67.639
Portigon AG                  7.460  12/31/2019    EUR     28.400
Cooperatieve Rabobank U      0.500  10/30/2043    MXN     10.816
Lehman Brothers Treasur      5.100    5/8/2017    HKD      3.400
MS Deutschland Beteilig      6.875  12/18/2017    EUR      1.810
PA Resources AB             13.500    3/3/2016    SEK      0.124
Region of Abruzzo Italy      0.150   11/7/2036    EUR     64.170
Russian Railways JSC         8.800    4/7/2027    RUB     85.000
Pierre & Vacances SA         3.500   10/1/2019    EUR     36.188
Barclays Bank PLC            1.650   3/27/2029    USD     67.250
Privatbank CJSC Via UK      10.875   2/28/2018    USD     31.087
Fortenova Grupa d.d.         8.875    2/1/2020    USD     18.820
BNP Paribas SA               0.500   9/29/2029    AUD     74.838
Turkey Government Bond      11.000   2/24/2027    TRY     67.800
Republic of Italy Gover      0.056   7/31/2045    EUR     63.793
Sberbank of Russia PJSC     12.270    1/2/2026    RUB     70.470
Astaldi SpA                  7.125   12/1/2020    EUR     25.899
KPNQwest NV                  7.125    6/1/2009    EUR      0.170
Sairgroup Finance BV         4.375    6/8/2006    EUR     10.250
Decipher Production Ltd     12.500   9/27/2019    USD      1.500
SAG Solarstrom AG            7.500   7/10/2017    EUR     31.000
Svensk Exportkredit AB       0.500   4/24/2029    AUD     73.044
Rio Forte Investments S      4.000   7/22/2014    EUR      5.751
Sequa Petroleum NV           5.000   4/29/2020    USD     68.928
Solon SE                     1.375   12/6/2012    EUR      0.488
Societe Generale SA         12.000   5/29/2020    USD     58.550
Hema Bondco II BV            8.500   1/15/2023    EUR     69.904
Steilmann SE                 7.000    3/9/2017    EUR      1.429
Chr Bygga Bostader Hold      9.023    7/5/2021    SEK     50.000
Finans-Avia OOO              9.000   7/31/2022    RUB     23.500
Boparan Finance PLC          4.375   7/15/2021    EUR     69.616
Deutsche Bank AG/London      9.170    6/4/2020    TRY
Norske Skog AS              11.750  12/15/2019    EUR     64.490
Banco Espirito Santo SA      6.875   7/15/2016    EUR     26.375
Banco Espirito Santo SA      6.900   6/28/2024    EUR     25.500
International Finance F      0.500   6/24/2024    ZAR     65.556
Eiendomskreditt AS           4.670                NOK     55.868
SAir Group                   0.125    7/7/2005    CHF      7.250
Afren PLC                    6.625   12/9/2020    USD      0.029
Lehman Brothers Treasur      6.000   3/18/2015    USD      3.400
Barclays Bank PLC            1.235   2/28/2034    USD     71.096
O1 Properties Finance P      8.250   9/27/2021    USD     73.983
Steilmann SE                 6.750   6/27/2017    EUR      2.184
Mox Telecom AG               7.250   11/2/2017    EUR      2.245
Bank Julius Baer & Co L      7.300    6/3/2019    EUR     60.100
Rosneft Oil Co PJSC          8.700   3/23/2029    RUB     66.770
Turkiye Is Bankasi AS        7.000   6/29/2028    USD     72.857
Svensk Exportkredit AB       0.500   8/29/2029    AUD     72.032
Barclays Bank PLC            0.192  10/30/2034    USD     59.387
OGX Austria GmbH             8.375    4/1/2022    USD      0.012
Activa Resources AG          0.500  11/15/2021    EUR     21.500
Mriya Agro Holding PLC      10.950   3/30/2016    USD      7.375
Hamburgische Landesbank      0.069   1/22/2041    EUR     64.863
Manchester Building Soc      8.000                GBP      9.640
Alpine Holding GmbH          5.250   6/10/2016    EUR      0.068
Aldesa Financial Servic      7.250    4/1/2021    EUR     70.734
La Financiere Atalian S      6.625   5/15/2025    GBP     72.058
Svensk Exportkredit AB       0.500   6/29/2029    AUD     72.570
Fortenova Grupa d.d.         9.125    2/1/2020    EUR     19.388
Kirk Beauty One GmbH         8.750   7/15/2023    EUR     69.257
Turkey Government Inter      4.875   4/16/2043    USD     73.880
New Look Secured Issuer      6.500    7/1/2022    GBP     29.769
Bank Nadra Via NDR Fina      8.250   7/31/2018    USD      0.770
Cooperativa Muratori &       6.000   2/15/2023    EUR      5.012
Rena GmbH                    7.000  12/15/2015    EUR      2.096
Landesbank Schleswig-Ho      3.012    1/5/2040    USD     47.359
New Look Secured Issuer      4.500    7/1/2022    EUR     27.540
Galapagos Holding SA         7.000   6/15/2022    EUR     18.591
Alpine Holding GmbH          5.250    7/1/2015    EUR      0.068
Barclays Bank PLC            1.192   1/31/2029    USD     65.259
Deutsche Agrar Holding       7.250   9/28/2018    EUR      1.254
Salvator Grundbesitz-AG      9.500  12/31/2021    EUR      5.600
Cooperatieve Rabobank U      0.500  12/29/2027    MXN     46.690
Afren PLC                   11.500    2/1/2016    USD      0.012
getgoods.de AG               7.750   10/2/2017    EUR      0.126
Metalloinvest Holding C      8.850   4/16/2029    RUB     75.000
Sairgroup Finance BV         6.625   10/6/2010    EUR     10.250
Cooperatieve Rabobank U      0.500  11/30/2027    MXN     46.075
Finans-Avia OOO              0.010   7/31/2027    RUB      6.780
Societe Generale SA         10.000   8/25/2022    USD     71.500
Veneto Banca SpA             6.411                EUR      1.000
Finance and Credit Bank      9.250   1/25/2019    USD      0.817
Virgolino de Oliveira F     10.875   1/13/2020    USD     23.785
Espirito Santo Financia      5.050  11/15/2025    EUR      0.794
Commerzbank AG               5.700    7/4/2019    GBP     64.500
Norske Skogindustrier A      7.125  10/15/2033    USD      1.416
SAG Solarstrom AG            6.250  12/14/2015    EUR     30.957
Turkey Government Bond      11.000    3/2/2022    TRY     74.900
Odea Bank AS                 7.625    8/1/2027    USD     68.717
Sberbank of Russia PJSC      1.350   3/15/2022    RUB     63.260
Marine Subsea AS             9.000  12/16/2019    USD      0.688
Lehman Brothers Treasur      2.875   3/14/2013    CHF      3.750
Air Berlin Finance BV        6.000    3/6/2019    EUR      2.689
Sberbank of Russia PJSC      1.350   4/28/2022    RUB     66.820
SAir Group                   6.250   4/12/2005    CHF      7.250
Otkritie Holding JSC        10.770   9/17/2027    RUB      0.990
Banco Santander SA           2.092                EUR      3.983
Stichting Afwikkeling O      6.625   5/14/2018    EUR      3.904
Mifa Mitteldeutsche Fah      7.500   8/12/2018    EUR      2.200
Ahtium PLC                   9.750    4/4/2017    EUR      0.864
IT Holding Finance SA        9.875  11/15/2012    EUR      0.009
BOA Offshore AS              0.409   7/17/2047    NOK      9.520
Hamburgische Landesbank      0.070  10/30/2040    EUR     66.602
German Pellets GmbH          7.250    4/1/2016    EUR      0.478
Bank Julius Baer & Co L      8.450   8/28/2019    CHF     64.800
Mercantile Investment T      4.250                GBP     72.000
SiC Processing GmbH          7.125    3/1/2016    EUR      3.530
Fortenova Grupa d.d.         9.875    5/1/2019    EUR     20.241
Sberbank of Russia PJSC      1.350   4/18/2022    RUB     68.010
SAir Group                   5.500   7/23/2003    CHF      7.250
La Veggia Finance SA         7.125  11/14/2004    EUR      0.287
Gebr Sanders GmbH & Co       8.750  10/22/2018    EUR     16.147
Barclays Bank PLC            0.912  11/28/2029    USD     67.250
Sberbank of Russia PJSC      1.350   5/18/2022    RUB     66.820
Stichting Afwikkeling O      8.450   8/20/2018    USD      3.042
Turkey Government Bond       8.000   3/12/2025    TRY     60.200
Danske Bank A/S              1.070   8/23/2038    JPY     72.762
Gazprombank OJSC Via GP      8.750   6/29/2024    RUB     53.663
Credito Padano Banca di      3.100                EUR     34.532
Bank Julius Baer & Co L      7.400    8/6/2019    CHF     60.000
BTV Hybrid I GmbH            6.500                EUR     30.277
Virgolino de Oliveira F     11.750    2/9/2022    USD      4.500
Norske Skog Holding AS       8.000   2/24/2021    EUR      0.609
New World Resources NV       8.000    4/7/2020    EUR      1.506
Societe Generale SA          8.600   7/29/2022    USD     44.000
Lloyds Bank PLC              0.396   8/28/2034    USD     67.625
Rena GmbH                    8.250   7/11/2018    EUR      2.096
International Finance F      0.500   6/29/2027    ZAR     46.944
Russian Post FGUP            8.450   3/27/2029    RUB     70.000
LBI ehf                      2.250   2/14/2011    CHF      7.000
Astana Finance BV            7.875    6/8/2010    EUR     16.000
Republic of Italy Gover      0.847   5/31/2035    EUR     70.893
Reso-Leasing OOO             9.600   9/21/2023    RUB     99.910
Cooperatieve Rabobank U      0.500  10/29/2027    MXN     47.912
Mobylife Holding A/S         7.250   5/23/2020    SEK      8.125
Bibby Offshore Services      7.500   6/15/2021    GBP     11.128
MMC Norilsk Nickel PJSC     11.600    2/6/2026    RUB    108.010
SG Issuer SA                 7.350   9/30/2019    CHF     67.250
OT Logistics SA              6.790   2/23/2020    PLN     74.000
COFIDUR SA                   0.100  12/31/2024    EUR     24.500
Deutsche Bank AG             1.725   1/16/2045    EUR     68.396
Eiendomskreditt AS           5.000                NOK     58.675
Republic of Italy Gover      0.918   7/31/2035    EUR     68.608
Ahtium PLC                   4.000  12/16/2015    EUR      0.405
Agroton Public Ltd           6.000   7/14/2019    USD     16.000
Eniro AB                     6.000   4/14/2020    SEK     19.823
ML 33 Invest AS              7.500                NOK     68.678
WEB Windenergie AG           6.500                EUR     70.010
mybet Holding SE             6.250  12/11/2020    EUR      5.000
Societe Generale SA         12.000    7/8/2021    USD     72.700
A-TEC Industries AG          2.750   5/10/2014    EUR      0.357
Renewable Power Interna      0.010    6/6/2047    EUR     65.750
Banca del Monte di Lucc      2.463   6/29/2020    EUR     42.375
Norske Skogindustrier A      7.125  10/15/2033    USD      1.416
Province of Milan Italy      0.013  12/22/2033    EUR     72.147
Muehl Product & Service      6.750   3/10/2005    DEM      0.010
London County Of             3.000                GBP     66.000
HPI AG                       3.500                EUR      2.502
Region of Molise Italy       0.161  12/15/2033    EUR     53.848
Export Credit Bank of T     12.511   9/14/2028    TRY     67.613
Kardan NV                    6.325    6/3/2019    ILS     20.250
Sberbank of Russia PJSC      1.350   9/12/2022    RUB     66.770
Teksid Aluminum Luxembo     12.375   7/15/2011    EUR      0.226
Northland Resources AB       4.000  10/15/2020    USD      0.138
Northland Resources AB       4.000  10/15/2020    NOK      0.138
Petromena ASA               10.850  11/19/2018    USD      0.607
Phosphorus Holdco PLC       10.000    4/1/2019    GBP      4.305
Air Berlin Finance BV        8.500    3/6/2019    EUR      2.507
Opus-Chartered Issuance      5.500  10/26/2024    EUR      0.010
Stichting Afwikkeling O      2.439                EUR      0.849
Braster SA                   7.490   5/29/2019    PLN     40.020
Podkarpacki Bank Spoldz      4.990   10/6/2021    PLN     51.000
Atari SA                     0.100    4/1/2020    EUR      6.350
DZ Bank AG Deutsche Zen      5.000   9/27/2019    EUR     59.170
Russian Railways JSC         9.100   3/19/2029    RUB     85.000
Turkey Government Bond       9.000   7/24/2024    TRY     63.500
Credit Agricole Corpora      2.400   5/17/2048    EUR     69.150
Credito Padano Banca di      3.100                EUR     34.756
Vontobel Financial Prod      6.000   8/29/2019    EUR     72.044
Portugal Telecom Intern      5.242   11/6/2017    EUR      1.587
Turkey Government Bond      10.400   3/20/2024    TRY     67.250
Hellas Telecommunicatio      6.054   1/15/2015    USD      0.304
Golden Gate AG               6.500  10/11/2014    EUR     44.100
UAHM-Finance OOO             3.000   3/30/2021    RUB
Cooperativa Muratori &       6.875    8/1/2022    EUR      4.945
Citigroup Global Market      8.174   6/28/2019    EUR     65.830
Credit Suisse AG/London      9.000   1/23/2020    USD      9.700
Northland Resources AB      15.000   7/15/2019    USD      2.621
Liverpool City Council       3.500                GBP     70.500
BNG Bank NV                 10.010   6/17/2025    TRY     60.792
Home Money LLC              17.000   4/19/2022    RUB      0.800
DZ Bank AG Deutsche Zen      7.000   6/28/2019    EUR     53.530
BOA Offshore AS              0.404   7/17/2047    NOK
Veneto Banca SpA             6.950   2/25/2025    EUR      0.316
A-TEC Industries AG          5.750   11/2/2010    EUR      0.357
Constellation Oil Servi      6.250   11/9/2019    USD      5.752
International Bank of A      8.250   10/9/2024    USD     61.250
UniCredit Bank AG            4.600   10/8/2022    EUR     63.230
Transneft PJSC               8.750   4/14/2027    RUB     61.100
Barclays Bank PLC            0.888  10/10/2029    USD     62.599
Kaupthing ehf                6.125   10/4/2016    USD      0.250
Mriya Agro Holding PLC      10.950   3/30/2016    USD      7.375
Raiffeisen Centrobank A      6.250  11/25/2019    EUR     55.520
SG Issuer SA                 6.800    1/6/2020    USD     56.070
Sberbank of Russia PJSC      1.350    6/1/2022    RUB     66.820
Credit Suisse AG/Nassau      8.250    6/6/2019    CHF     53.230
Kreditanstalt fuer Wied      0.250   10/6/2036    CAD     44.563
J&T Banka AS                 9.000                EUR     71.897
Lehman Brothers Treasur      6.300  12/21/2018    USD      2.571
Centrosolar Group AG         7.000   2/15/2016    EUR      2.387
PIK Group PJSC              13.000    9/3/2026    RUB     70.000
Barclays Bank PLC            0.908   4/16/2029    USD     67.250
Vontobel Financial Prod      7.000   5/24/2019    EUR     56.910
Landesbank Hessen-Thuer      4.750   5/11/2023    EUR     62.660
Union Technologies Info      0.100    1/1/2020    EUR      5.300
Lehman Brothers Treasur      6.650   8/24/2011    AUD      3.400
Pescanova SA                 6.750    3/5/2015    EUR      0.500
Heta Asset Resolution A      5.920  12/31/2023    EUR      1.000
UBS AG/London                8.500  11/15/2019    CHF     47.950
UBS AG/London               10.000    3/9/2020    CHF     62.650
Vontobel Financial Prod      8.700    8/6/2019    EUR     64.790
UBS AG/London               11.250  12/13/2019    USD     71.400
Leonteq Securities AG/G      2.750   9/15/2022    CHF     60.330
AKB Peresvet ZAO             0.510    8/4/2034    RUB
Lehman Brothers Treasur      5.000    5/2/2022    EUR      2.571
Svensk Exportkredit AB       0.500   8/28/2020    TRY     73.213
Credit Suisse AG/London      3.000  11/15/2025    ZAR     68.807
WPE International Coope     10.375   9/30/2020    USD     14.872
Leonteq Securities AG/G      1.910   9/20/2019    EUR     39.880
UniCredit Bank AG            6.900    1/3/2020    EUR     56.880
UniCredit Bank AG            3.500   9/22/2020    EUR     56.030
Espirito Santo Financia      5.125   5/30/2016    EUR      1.252
SpareBank 1 SR-Bank ASA      1.487  12/21/2030    EUR     70.557
Podkarpacki Bank Spoldz      5.790    7/2/2020    PLN     66.090
Ideal Standard Internat     11.750    5/1/2018    EUR      0.072
Virgolino de Oliveira F     10.875   1/13/2020    USD     23.785
Leonteq Securities AG/G     12.000  10/23/2019    CHF     47.220
UkrLandFarming PLC          10.875   3/26/2018    USD     12.887
Otkritie Holding JSC        11.500   7/14/2027    RUB      3.010
OT Logistics SA              5.690  11/20/2020    PLN
Landesbank Hessen-Thuer      6.700   5/17/2022    EUR     62.230
Vontobel Financial Prod      5.100   6/13/2019    EUR     56.322
Zapsibcombank PAO            7.300   6/15/2021    RUB     70.000
Gold-Zack AG                 7.000  12/14/2005    EUR     11.000
Province of Brescia Ita      0.069  12/22/2036    EUR     56.962
BLT Finance BV              12.000   2/10/2015    USD     10.500
AKB Peresvet ZAO            13.000   10/7/2017    RUB     20.750
Region Invest OOO            7.850    5/4/2021    RUB      0.170
Deutsche Bank AG/London      2.000  10/25/2023    TRY
Landesbank Baden-Wuertt      2.850   6/28/2019    EUR     71.540
EFG International Finan      5.700   7/16/2019    CHF     59.170
Barclays Bank PLC            8.500   4/27/2020    USD     10.190
Finconsult OOO               8.560    2/1/2028    RUB      4.910
Aralco Finance SA           10.125    5/7/2020    USD      2.770
Banco Espirito Santo SA     10.000   12/6/2021    EUR      0.198
Lehman Brothers Treasur      1.280   11/6/2010    JPY      3.750
LBI ehf                      7.431                USD      0.001
SG Issuer SA                 0.100   6/11/2029    NZD     73.212
Landesbank Baden-Wuertt      4.000   4/24/2020    EUR     73.620
EFG International Finan     11.400   6/28/2021    USD     67.010
Leonteq Securities AG/G      6.400  10/16/2019    CHF     51.830
UBS AG/London                4.000    1/2/2020    EUR     66.970
Leonteq Securities AG/G      1.820   9/23/2019    EUR     39.890
Deutsche Bank AG/London     13.750   6/20/2026    TRY     58.982
Grupo Isolux Corsan SA       0.250  12/30/2018    EUR      0.112
Lehman Brothers Treasur      4.820  12/18/2036    EUR      2.571
Deutsche ETP GmbH & Co       3.000  11/30/2028    EUR      7.840
Rosselkhozbank JSC          15.000   1/29/2025    RUB     69.030
RENE LEZARD Mode GmbH        7.250  11/25/2017    EUR      1.011
Russian Railways JSC         8.750   5/10/2022    RUB     66.770
NatWest Markets PLC          0.160   8/18/2031    USD     68.904
Commerzbank AG               5.130   11/7/2019    USD     60.500
BNP Paribas Emissions-       6.000   6/27/2019    EUR     66.860
Norddeutsche Landesbank      3.200   9/27/2019    EUR     72.180
Tjiwi Kimia Internation     13.250    8/1/2001    USD      0.250
Plaza Centers NV             6.900    7/1/2020    ILS     33.800
Salvator Grundbesitz-AG      9.500                EUR     16.600
Norske Skog Holding AS       8.000   2/24/2023    USD      2.761
Lehman Brothers Treasur     11.250  12/31/2008    USD      2.571
Rosneft Oil Co PJSC          9.400  11/28/2024    RUB     66.030
Barclays Bank PLC            7.830   7/26/2038    MXN     71.648
Pioneer Group CJSC           0.010    6/3/2021    RUB     70.050
AKB Peresvet ZAO             0.510   6/23/2021    RUB     19.020
UAHM-Finance OOO             4.000   3/28/2023    RUB     36.000
Norddeutsche Landesbank      6.350   9/27/2019    EUR     58.050
Sberbank of Russia PJSC      0.010  10/27/2022    RUB    101.000
Getin Noble Bank SA          6.790   4/28/2023    PLN     73.000
Turkey Government Bond       8.500   9/14/2022    TRY     69.900
AKB Peresvet ZAO            13.250   4/25/2018    RUB     20.750
Lehman Brothers Treasur      8.000   4/20/2009    EUR      2.571
getBACK SA                   5.720   4/30/2021    PLN
Sberbank of Russia PJSC      0.010    6/9/2019    RUB     71.800
Sberbank of Russia PJSC      1.350   9/12/2022    RUB     66.820
Sberbank of Russia PJSC      1.350   7/27/2022    RUB     66.820
Vontobel Financial Prod      6.100   1/30/2020    EUR     69.110
VEB-Leasing OAO              8.340    9/1/2025    RUB
KPNQwest NV                  8.875    2/1/2008    EUR      0.170
Irish Bank Resolution C      6.750  11/30/2013    BGN     48.250
Bank Otkritie Financial     10.000   4/26/2019    USD      8.000
Irish Bank Resolution C      4.000   4/23/2018    EUR     48.250
Sberbank of Russia PJSC      0.010   5/18/2022    RUB     66.820
UBS AG/London                8.500    1/6/2020    EUR     46.250
SAir Group                   6.250  10/27/2002    CHF      7.250
Barclays Bank PLC            1.454  12/27/2028    USD     72.449
Sibur Holding PAO            9.650   9/16/2026    RUB    101.400
House of Fraser Funding      6.554   9/15/2020    GBP      2.846
Heta Asset Resolution A      0.234  12/31/2023    EUR      1.000
Penell GmbH Elektrogros      7.750   6/10/2019    EUR      0.501
Northland Resources AB      15.000   7/15/2019    USD      2.621
SAir Group                   4.250    2/2/2007    CHF      7.250
Russian Highways             5.300   1/22/2046    RUB     11.509
Russian Highways             5.300   4/30/2046    RUB     57.056
Otkritie Holding JSC        12.700   9/30/2027    RUB      9.410
Pongs & Zahn AG              8.500                EUR      0.002
Raiffeisen Centrobank A     10.000   5/11/2020    EUR     73.930
Credit Suisse AG/London      9.000  10/30/2020    USD      9.928
Credit Suisse AG/Nassau      7.000   12/4/2019    EUR     70.550
Sberbank of Russia PJSC      1.350   6/30/2022    RUB     66.820
Credit Suisse AG/London      7.000  12/23/2019    EUR     63.290
Sberbank of Russia PJSC      0.010   3/15/2022    RUB     67.960
Bank Julius Baer & Co L      8.000   10/7/2019    EUR     57.050
Credit Suisse AG/London      8.000  11/29/2019    USD      3.660
Grupo Isolux Corsan SA       6.000  12/30/2021    USD      0.142
Rio Forte Investments S      3.900   7/10/2014    USD      5.750
Delta Credit Bank JSC        7.820  12/28/2022    RUB     70.000
DOM.RF JSC                   7.750   11/1/2022    RUB     70.010
Turkey Government Bond       8.800   9/27/2023    TRY     63.500
Veneto Banca SpA             6.944   5/15/2025    EUR      0.316
getBACK SA                   6.120   9/14/2021    PLN
Sberbank of Russia PJSC      1.350   9/28/2022    RUB     66.820
Sberbank of Russia PJSC      0.010   4/18/2022    RUB     67.430
SAir Group                   5.125    3/1/2003    CHF     13.500
UBS AG/London                9.700    8/6/2019    CHF     63.650
DekaBank Deutsche Giroz      2.500   7/29/2020    EUR     59.180
O1 Group Finance OOO        11.250   4/22/2027    RUB      0.640
Lehman Brothers Treasur      3.600   3/19/2018    JPY      2.571
Kaupthing ehf                9.000                USD      0.122
Lehman Brothers Treasur      1.750    2/7/2010    EUR      2.571
Lehman Brothers Treasur      9.250   6/20/2012    USD      2.571
Easybank ASA                 8.400                NOK     70.062
Espirito Santo Financia      0.634  10/27/2024    EUR      1.850
Raiffeisen Centrobank A      6.250  11/12/2019    EUR     54.760
Banca Popolare di Vicen      9.500   10/2/2025    EUR      0.252
Leonteq Securities AG/G      1.800    8/1/2019    EUR     39.910
Leonteq Securities AG/G     12.030   9/26/2019    USD     67.580
Societe Generale SA         17.600   1/27/2020    USD     51.300
SG Issuer SA                 4.000   6/22/2026    EUR     54.690
United Engine Corp JSC      10.750   6/10/2026    RUB     71.030
Leonteq Securities AG       10.000   9/18/2019    CHF     61.810
EFG International Finan      7.200   7/29/2020    EUR     10.510
Royalbeach Spielwaren U      7.375  11/10/2020    EUR      1.100
Credit Suisse AG/London     10.000   2/22/2021    USD      9.894
Heta Asset Resolution A      0.449  12/31/2023    EUR      1.000
PSN Pm OOO                   9.500   9/10/2026    RUB     18.020
BELLAGIO Holding GmbH        1.981                EUR     54.559
LBI ehf                      7.431                USD      0.001
Otkritie Holding JSC        11.500   5/26/2032    RUB     21.330
Windreich GmbH               6.750    3/1/2015    EUR      8.875
Rio Forte Investments S      4.750  11/10/2015    EUR      5.750
HSBC Trinkaus & Burkhar      8.200  12/27/2019    EUR     69.570
getBACK SA                   5.720   2/16/2021    PLN
mybet Holding SE             6.250  12/12/2020    EUR      2.000
Sberbank of Russia PJSC      0.740   7/27/2022    RUB     70.830
Deutsche Bank AG             6.200   6/24/2019    EUR     58.770
Gazprombank JSC              8.200  12/28/2020    RUB     66.770
Natixis SA                   1.125    8/9/2021    USD     70.124
Landesbank Baden-Wuertt      4.970   5/24/2019    EUR     73.000
SG Issuer SA                 3.200   7/12/2027    EUR     75.080
UniCredit Bank AG            5.000   6/25/2019    EUR     23.710
UniCredit Bank AG           14.500   6/28/2019    EUR     49.720
Kardan NV                    6.775    2/2/2020    ILS     47.030
Landesbank Baden-Wuertt      2.700   7/26/2019    EUR     72.270
Landesbank Baden-Wuertt      3.650   7/26/2019    EUR     62.610
Spektr OOO                   8.750   3/12/2026    RUB      1.010
Fonciere Volta SA            4.500   7/30/2020    EUR      2.260
Turkey Government Bond       7.100    3/8/2023    TRY     63.000
ENEL RUSSIA PJSC             8.500   10/3/2021    RUB     66.770
SAir Group                   2.125   11/4/2004    CHF      7.250
Rosneft Oil Co PJSC          9.400  11/28/2024    RUB     68.010
Podkarpacki Bank Spoldz      5.090   5/28/2023    PLN     42.000
BNG Bank NV                 10.800    9/2/2021    TRY     74.045
Lehman Brothers Treasur      0.500  12/20/2017    AUD      2.571
Bibby Offshore Services      7.500   6/15/2021    GBP     11.128
Lehman Brothers Treasur      4.600  10/11/2017    ILS      3.750
PIK Group PJSC              13.000    9/3/2026    RUB     72.000
RusHydro PJSC                0.100    2/2/2023    RUB     71.760
HSBC Bank PLC                0.500   7/11/2023    BRL     70.889
Heta Asset Resolution A      7.500  12/31/2023    ATS      1.000
Bank Julius Baer & Co L     14.100   5/22/2019    CHF     47.250
Leonteq Securities AG/G     10.000   7/26/2019    CHF     23.210
Zurcher Kantonalbank Fi      7.150   3/19/2020    CHF     28.470
Commerzbank AG               3.000   6/14/2021    USD     68.660
UBS AG/London               12.000   10/7/2019    CHF     46.600
UBS AG/London               11.000   10/3/2019    EUR     75.450
Natixis Structured Issu      2.430   7/25/2019    EUR     74.454
Natixis SA                   3.100   7/26/2021    USD     72.789
Sberbank of Russia PJSC      0.010   1/26/2022    RUB     97.000
DekaBank Deutsche Giroz      4.300    8/8/2019    EUR     68.570
BNP Paribas Issuance BV      6.400    6/1/2020    EUR     58.550
Leonteq Securities AG/G      5.000  12/27/2019    EUR     59.380
Barclays Bank PLC            1.344  12/23/2033    USD     72.145
Banque Federative du Cr      0.746                EUR     68.427
Commerzbank AG              16.250   5/24/2019    EUR     49.840
Lehman Brothers Treasur     15.000   3/30/2011    EUR      2.571
Lehman Brothers Treasur     11.000    7/4/2011    CHF      2.571
Lehman Brothers Treasur      0.500  12/20/2017    USD      2.571
Societe Generale SA          1.611  10/31/2033    USD     71.500
Natixis SA                   3.500   3/23/2020    USD     66.502
Sberbank of Russia PJSC      1.350   6/16/2022    RUB     66.820
Sberbank of Russia PJSC      0.740   6/16/2022    RUB     66.820
Getin Noble Bank SA          6.790   4/29/2024    PLN     72.500
Goldman Sachs Internati     17.000   6/28/2019    USD     47.250
Natixis SA                   3.150    6/8/2021    USD     68.253
Leonteq Securities AG/G      6.800    8/5/2019    CHF     73.090
DekaBank Deutsche Giroz      2.900  10/29/2019    EUR     71.780
Leonteq Securities AG/G      6.000   6/23/2020    CHF     53.270
VEB.RF GK                    8.930    2/9/2024    RUB     70.010
UBS AG/London               11.250    7/1/2019    EUR     41.050
Natixis SA                   3.150    6/9/2021    USD     68.716
Leonteq Securities AG/G      1.680   6/21/2019    EUR     40.020
Landesbank Baden-Wuertt      3.000   9/27/2019    EUR     38.110
Bank Otkritie Financial      0.010   7/16/2025    RUB     54.760
Lehman Brothers Treasur     12.000   7/13/2037    JPY      2.571
Resursosberezhenie HMAO     10.000   6/17/2031    RUB     66.770
Landesbank Hessen-Thuer      3.140   5/24/2019    EUR     69.100
Lehman Brothers Treasur     23.300   9/16/2008    USD      2.571
Lehman Brothers Treasur      2.000   6/28/2011    EUR      2.571
Lehman Brothers Treasur      5.550   3/12/2015    EUR      2.571
Praim Finans OOO            10.000  11/10/2025    RUB      1.000
Lehman Brothers Treasur      0.500  12/20/2017    AUD      2.571
KPNQwest NV                  7.125    6/1/2009    EUR      0.170
Upravlenie Otkhodami ZA      4.000   4/29/2027    RUB     57.869
Heta Asset Resolution A      4.350  12/31/2023    EUR      1.000
DekaBank Deutsche Giroz     10.150   11/1/2019    EUR     74.310
Bank Julius Baer & Co L     10.100   8/22/2019    EUR     72.600
Leonteq Securities AG/G      9.000   9/11/2019    EUR     57.450
Credit Suisse AG/Nassau      8.000    9/2/2019    CHF     67.150
Federal Grid Co Unified      9.350  10/17/2051    RUB     66.010
Raiffeisen Switzerland      12.000  10/16/2019    EUR     71.020
Bank Julius Baer & Co L      9.000   7/29/2019    CHF     70.250
Sberbank of Russia PJSC      0.010   12/6/2021    RUB     66.820
UBS AG/London               10.500   2/28/2020    CHF     46.450
Corner Banca SA             14.000   10/3/2019    CHF     45.040
UBS AG/London                9.000   7/12/2019    EUR     41.750
EFG International Finan      7.000  11/27/2019    EUR      4.480
EFG International Finan     15.200  12/10/2019    USD     74.380
Landesbank Baden-Wuertt      3.000   6/28/2019    EUR     70.680
EFG International Finan      9.600  10/15/2019    EUR     17.940
Landesbank Baden-Wuertt      2.570   5/24/2019    EUR     72.190
Raiffeisen Schweiz Geno      5.750  10/16/2019    USD     43.560
UBS AG/London                5.750    9/6/2019    EUR     54.400
VEB-Leasing OAO              8.340   8/18/2025    RUB
Main Road JSC                4.000  10/30/2028    RUB     61.350
TGC-1 PJSC                   5.800   2/14/2022    RUB     66.000
United Engine Corp JSC       8.800   4/17/2023    RUB     70.000
Grupo Isolux Corsan SA       0.250  12/30/2021    USD      0.112
Barclays Bank PLC            1.450   9/24/2038    MXN     22.568
Lehman Brothers Treasur     15.000    6/4/2009    CHF      2.571
Podkarpacki Bank Spoldz      5.790   3/31/2025    PLN     41.000
Barclays Bank PLC            0.500   4/24/2023    MXN     71.061
Barclays Bank PLC            0.500   1/28/2033    MXN     26.475
Samaratransneft-Termina     10.000   3/30/2022    RUB     19.000
Norske Skogindustrier A      2.000  12/30/2115    EUR      0.027
UBS AG/London                8.000  12/24/2019    USD     24.576
Bank Julius Baer & Co L     10.000    6/4/2019    USD
BNP Paribas Emissions-      11.000  12/30/2019    EUR     73.330
Vontobel Financial Prod     16.000    1/3/2020    EUR     69.970
Getin Noble Bank SA          5.790   8/30/2024    PLN     74.000
Polyplast OAO/Moscow        14.500   4/18/2023    RUB     60.060
Erste Group Bank AG          6.250   3/29/2023    EUR     70.600
Commerzbank AG               3.250  12/10/2019    USD     64.170
TransFin-M PAO               9.000  11/24/2026    RUB
UBS AG/London                9.700   6/27/2019    EUR     53.260
Zurcher Kantonalbank Fi      3.000   9/26/2019    USD     51.510
Corner Banca SA             16.200   7/18/2019    CHF     61.430
Natixis SA                   3.450   7/26/2021    RUB     73.747
Landesbank Hessen-Thuer      8.000   5/15/2020    EUR     49.940
Landesbank Baden-Wuertt      2.800   6/28/2019    EUR     52.920
Leonteq Securities AG       11.600   8/22/2019    CHF     46.810
Bank Julius Baer & Co L     10.500   9/30/2019    USD     62.200
BNP Paribas Emissions-      11.000   6/27/2019    EUR     64.630
BNP Paribas Issuance BV      5.800    6/1/2020    EUR     71.450
Leonteq Securities AG/G      7.600   9/18/2019    USD     70.990
DekaBank Deutsche Giroz      2.700   7/15/2019    EUR     43.530
TGC-1 PJSC                   4.000  12/14/2021    RUB     66.010
WEB Windenergie AG           6.500                EUR     55.010
Getin Noble Bank SA          4.790   11/9/2020    PLN     73.100
Lehman Brothers Treasur      4.870   10/8/2013    USD      2.571
Bilt Paper BV                9.640                USD      7.782
Heta Asset Resolution A      5.730  12/31/2023    EUR      1.000
Mriya Agro Holding PLC       9.450   4/19/2018    USD      7.420
Hellas Telecommunicatio      8.500  10/15/2013    EUR      0.602
Cerruti Finance SA           6.500   7/26/2004    EUR      1.091
Credit Suisse AG             0.500  12/16/2025    BRL     55.310
IFK Soyuz OAO                0.100   12/9/2027    RUB      0.310
Samaratransneft-Termina     17.000   6/20/2021    RUB     13.600
Lehman Brothers Treasur     14.900   9/15/2008    EUR      2.571
Norske Skogindustrier A      7.000  12/30/2026    EUR      0.115
New World Resources NV       4.000   10/7/2020    EUR      0.395
Cooperatieve Rabobank U      0.500   8/21/2028    MXN     42.691
HSBC Trinkaus & Burkhar     29.100   1/24/2020    EUR     69.660
UBS AG/London               12.000   4/13/2020    USD     70.720
Bank Julius Baer & Co L      9.000   6/11/2019    EUR     55.950
Raiffeisen Schweiz Geno      6.250  12/18/2019    CHF     29.980
EFG International Finan      9.400   6/20/2019    EUR     61.980
EFG International Finan      6.400   6/22/2020    CHF     61.610
Leonteq Securities AG/G      7.000   6/15/2020    CHF     64.250
Natixis SA                   2.100    6/8/2021    EUR     68.009
Raiffeisen Centrobank A      5.333  10/25/2019    EUR     66.580
Zurcher Kantonalbank Fi     10.000   10/9/2019    EUR     63.260
Zurcher Kantonalbank Fi      5.500   6/28/2019    EUR     68.590
Erste Group Bank AG         10.600   6/18/2019    RON     70.850
Getin Noble Bank SA          6.790   1/31/2024    PLN     75.000
First Mortgage Co Unive      6.500  12/12/2019    USD     25.603
Bank Julius Baer & Co L     10.500    7/1/2019    EUR     70.400
Landesbank Baden-Wuertt      3.150  11/22/2019    EUR     60.320
UBS AG/London               13.250   10/4/2019    CHF     58.800
Rosselkhozbank JSC           9.350   7/14/2025    RUB     65.050
VEB-Leasing OAO              8.180   1/16/2024    RUB     65.000
Lehman Brothers Treasur     16.000  12/26/2008    USD      2.571
Societe Generale SA          0.500   5/22/2024    MXN     64.531
Lehman Brothers Treasur     10.000   6/17/2009    USD      2.571
IFK Soyuz OAO                0.100   7/18/2028    RUB      2.000
Premium Green PLC            0.508  10/25/2038    EUR     74.496
Kaupthing ehf                5.000    1/4/2027    SKK      0.250
Lehman Brothers Treasur     11.750    3/1/2010    EUR      2.571
Hypo Vorarlberg Bank AG      5.870                EUR     36.932
Turkey Government Bond      10.700   8/17/2022    TRY     72.800
Metalloinvest Holding C      0.010    3/7/2022    RUB     67.000
Kaupthing ehf                3.922                ISK      0.250
Bank Julius Baer & Co L     11.000   5/22/2019    CHF     46.800
Leonteq Securities AG        9.000   3/27/2020    USD     43.500
Norddeutsche Landesbank      4.750   5/28/2019    EUR     69.830
Credit Suisse AG/London      6.000    9/3/2019    CHF     63.700
Vontobel Financial Prod      9.000   9/27/2019    EUR     68.110
EFG International Finan      9.800   9/21/2021    EUR     73.330
Hazine Mustesarligi Var     10.760   8/10/2022    TRY     73.000
Sberbank of Russia PJSC      1.350   8/10/2022    RUB     66.820
Leonteq Securities AG/G      7.400   8/28/2019    CHF     63.870
SG Issuer SA                16.100  11/21/2019    EUR     73.320
Leonteq Securities AG/G      6.400   11/3/2020    EUR     54.270
BNP Paribas Emissions-      12.000   9/26/2019    EUR     68.270
BNP Paribas Emissions-      11.000  12/30/2019    EUR     60.610
Leonteq Securities AG       13.500    8/5/2019    CHF     57.400
Leonteq Securities AG       13.000   6/19/2019    CHF     24.870
Leonteq Securities AG/G     10.000   3/16/2020    USD     64.440
Natixis SA                   2.750    3/1/2021    USD     70.127
Credit Suisse AG/Nassau      8.000   9/13/2019    CHF     69.430
Credit Suisse AG/Nassau      9.000   6/24/2019    CHF     68.390
Corner Banca SA             10.000   11/6/2019    CHF     68.980
UBS AG/London                8.300   5/24/2019    EUR     57.850
Raiffeisen Schweiz Geno      8.600   6/11/2019    EUR     58.150
Natixis SA                   1.838    8/9/2021    RUB     72.318
Leonteq Securities AG       10.000  11/13/2019    CHF     64.710
Raiffeisen Centrobank A     10.500   7/31/2019    EUR     65.620
Credit Suisse AG/Nassau      8.250   6/21/2019    CHF     72.910
UBS AG/London                7.500   2/21/2020    EUR     50.950
Commerzbank AG               5.350    3/2/2020    USD     51.570
Leonteq Securities AG/G      9.000   11/4/2019    USD     59.470
Societe Generale SA          3.000    7/9/2019    USD     74.310
Credit Suisse AG/Nassau      8.250    8/5/2019    USD     52.400
Corner Banca SA             14.200   11/6/2019    CHF     71.420
Landesbank Hessen-Thuer      8.750    2/6/2020    EUR     57.400
Landesbank Baden-Wuertt      5.000   4/24/2020    EUR     64.190
UBS AG/London                8.750   11/4/2019    CHF     53.650
UBS AG/London               11.000   5/23/2019    USD     64.470
Landesbank Hessen-Thuer      8.400    5/8/2020    EUR     73.060
Credit Suisse AG/London      7.000    7/4/2019    CHF     58.280
Bank Julius Baer & Co L      8.000    9/2/2019    CHF     62.800
Bank Julius Baer & Co L     13.600    1/3/2020    CHF     59.900
Credit Suisse AG/London      7.500   7/17/2019    CHF     60.310
BNP Paribas Emissions-       5.000   6/27/2019    EUR     58.980
Credit Suisse AG/London      7.250   6/18/2019    CHF     68.210
Leonteq Securities AG/G     12.000   6/27/2019    CHF     51.120
Credit Suisse AG             7.000    6/7/2019    USD      9.960
Siberian Gostinecs PAO      17.000   6/26/2019    RUB     14.450
Leonteq Securities AG/G      2.060   8/19/2019    EUR     39.800
Landesbank Baden-Wuertt      3.500   6/26/2020    EUR     56.280
Getin Noble Bank SA          6.790   3/31/2023    PLN     74.900
Getin Noble Bank SA          5.790  12/12/2022    PLN     70.000
Lehman Brothers Treasur      5.250    4/1/2023    EUR      2.571
Escher Marwick PLC           3.500  10/17/2031    USD     72.761
Lehman Brothers Treasur      4.680  12/12/2045    EUR      2.571
Turkey Government Bond       9.200   9/22/2021    TRY     74.900
Pizzaexpress Financing       8.625    8/1/2022    GBP     48.964
Societe Generale SA          0.500   5/30/2023    MXN     70.440
Lehman Brothers Treasur      4.500  12/30/2010    USD      2.571
Lehman Brothers Treasur      3.025   1/31/2015    EUR      2.571
Turkey Government Bond       9.500   1/12/2022    TRY     72.550
SG Issuer SA                 6.650  10/10/2021    EUR     74.950
Solarwatt GmbH               7.000   11/1/2015    EUR     15.500
Lehman Brothers Treasur      7.375   9/20/2008    EUR      2.571
Lehman Brothers Treasur      3.860   9/21/2011    SGD      3.750
Bank ZENIT PJSC              8.000  11/11/2019    RUB    100.280
Lehman Brothers Treasur      0.500  12/20/2017    AUD      2.571
Communaute Francaise de      0.500   6/27/2046    EUR     73.860
Lehman Brothers Treasur      7.600   1/31/2013    AUD      2.571
Lehman Brothers Treasur      5.250  11/21/2009    USD      2.571
Heta Asset Resolution A      0.151  12/31/2023    EUR      1.000
Barclays Bank PLC            1.988   12/1/2040    USD     73.859
SAir Group                   2.750   7/30/2004    CHF      7.250
Otkritie Holding JSC        12.140   10/3/2036    RUB      0.010
TransFin-M PAO              10.500    9/3/2025    RUB     71.010
Lehman Brothers Treasur      7.500   7/31/2013    GBP      2.571
Lehman Brothers Treasur      6.000   9/20/2011    EUR      2.571
Digital Invest OOO           7.850    3/8/2021    RUB      0.180
Nutritek International       8.750  12/11/2008    USD      2.089
Lehman Brothers Treasur     10.000    1/3/2012    BRL      2.571
Bashneft PJSC               12.000    5/9/2025    RUB     90.000
Metalloinvest Holding C      0.010    3/7/2022    RUB     62.010
Metalloinvest Holding C      0.010   3/10/2022    RUB     67.000
Province of Rovigo Ital      0.012  12/28/2035    EUR     57.837
Lehman Brothers Treasur      5.500   6/15/2009    CHF      2.571
Erste Group Bank AG          4.000  10/19/2019    EUR     47.550
Vonetize Plc                 6.000    8/1/2022    ILS     50.000
UBS AG/London               11.750  10/25/2019    CHF     57.600
Leonteq Securities AG/G      7.000   1/29/2020    CHF     69.000
Commerzbank AG               6.000    5/9/2022    USD      0.740
UBS AG/London                8.500    3/9/2020    USD     58.050
Deutsche Bank AG             4.200   6/25/2019    EUR     72.500
SecurAsset SA                5.250   6/30/2022    EUR     54.100
BNP Paribas Emissions-       5.000   6/27/2019    EUR     68.370
Bank Julius Baer & Co L      5.800   1/27/2020    CHF     69.750
Leonteq Securities AG/G      5.500   5/25/2021    CHF     67.870
HSBC Trinkaus & Burkhar      6.300   6/28/2019    EUR     65.020
Bayerische Landesbank        6.100  10/11/2019    EUR     73.340
DekaBank Deutsche Giroz      3.180   8/16/2019    EUR     70.540
Bank Julius Baer & Co L      8.000   9/12/2019    USD     63.800
Leonteq Securities AG/G      6.000   1/20/2021    CHF     73.850
Bank Julius Baer & Co L     10.100   7/12/2019    CHF     64.000
Getin Noble Bank SA          5.790   6/28/2024    PLN     71.000
Citigroup Global Market      7.200   5/24/2023    SEK     42.100
UniCredit Bank AG            6.600   7/20/2028    EUR     67.250
UniCredit Bank AG            5.100   6/14/2019    EUR     65.410
Landesbank Baden-Wuertt      5.000   6/28/2019    EUR     62.170
Bank Julius Baer & Co L     10.300   6/21/2019    GBP     53.550
Leonteq Securities AG/G     10.400   6/21/2019    USD     60.900
Natixis SA                   2.970    6/8/2021    USD     68.418
Bayerische Landesbank        4.000   7/12/2019    EUR     53.680
UniCredit Bank AG            4.750  10/24/2021    EUR     12.140
SG Issuer SA                 6.700   7/10/2024    EUR     76.650
EFG International Finan      6.210   7/22/2019    EUR     31.830
Landesbank Hessen-Thuer      7.770   7/15/2021    EUR     29.040
Podkarpacki Bank Spoldz      5.790   2/23/2025    PLN     30.000
Fast Finance SA             10.500   1/15/2021    PLN     22.000
Leonteq Securities AG/G      5.000   1/20/2020    CHF     70.710
Getin Noble Bank SA          6.790   7/28/2023    PLN     74.000
Heta Asset Resolution A      4.875  12/31/2023    EUR      1.000
Pravourmiiskoe OOO           9.500   3/31/2028    RUB    100.000
Lehman Brothers Treasur      0.500    7/2/2020    EUR      2.571
Digital Invest OOO           7.850    4/9/2021    RUB      0.150
SG Issuer SA                 2.700  11/28/2034    ZAR     39.840
SG Issuer SA                 3.000  10/10/2034    ZAR     42.250
SG Issuer SA                 3.300   9/26/2034    ZAR     44.530
Lehman Brothers Treasur      7.600    3/4/2010    NZD      2.571
Lehman Brothers Treasur     10.442  11/22/2008    CHF      2.571
Podkarpacki Bank Spoldz      5.790  10/24/2024    PLN     40.000
ECM Real Estate Investm      5.000   10/9/2011    EUR     15.375
Lehman Brothers Treasur      8.280   7/31/2013    GBP      2.571
Bank Otkritie Financial      0.010   9/24/2025    RUB     53.760
Otkritie Holding JSC        12.420    8/5/2025    RUB
Otkritie Holding JSC        12.150   4/20/2028    RUB
Kommunekredit                9.250   8/22/2022    TRY     68.165
Lloyds Bank PLC              0.500   7/26/2028    MXN     42.877
Sistema PJSFC               10.900  10/31/2025    RUB     71.000
Bayerische Landesbank        3.300  10/30/2020    EUR     59.410
Bayerische Landesbank        3.000    9/4/2020    EUR     65.070
BNP Paribas Emissions-       8.500   6/27/2019    EUR     62.130
Zurcher Kantonalbank Fi     10.750   8/29/2019    CHF     63.800
Zurcher Kantonalbank Fi      7.000   5/22/2019    USD     62.680
UBS AG/London               10.250  12/27/2019    EUR     52.950
Corner Banca SA             10.000    4/8/2020    CHF     71.170
Credit Suisse AG/Nassau      7.000   6/22/2021    CHF     65.940
Raiffeisen Schweiz Geno      7.600   6/11/2019    CHF     48.140
Bank Julius Baer & Co L      7.200   5/31/2019    USD     67.000
Credit Suisse AG/London      8.750   5/21/2020    USD     71.890
UBS AG/London                8.500   9/26/2019    EUR     64.600
Vontobel Financial Prod      4.000  11/25/2019    EUR     70.950
Bank Julius Baer & Co L     10.500   7/16/2019    USD     50.700
Landesbank Hessen-Thuer      3.500  10/23/2020    EUR     77.100
EFG International Finan     10.600   7/25/2019    CHF     62.830
Raiffeisen Centrobank A      6.250   7/12/2019    EUR     57.500
RusHydro PJSC                0.100    2/2/2023    RUB     73.560
Johnston Press Bond Plc      8.625    6/1/2019    GBP     42.841
OOO SPV Structural Inve      0.010    9/1/2023    RUB     66.740
Raiffeisen Centrobank A      5.200  12/30/2019    EUR     58.990
Vontobel Financial Prod     16.000    1/3/2020    EUR     74.683
Vontobel Financial Prod      8.000    1/3/2020    EUR     67.370
Vontobel Financial Prod      6.000   3/27/2020    EUR     71.190
Vontobel Financial Prod      8.000   3/27/2020    EUR     68.070
Deutsche Bank AG             6.200  12/24/2019    EUR     66.100
Deutsche Bank AG             6.200   9/24/2019    EUR     54.500
Deutsche Bank AG             6.200   6/25/2019    EUR     73.600
Deutsche Bank AG             6.200   6/25/2019    EUR     62.100
Deutsche Bank AG             6.200   9/24/2019    EUR     63.600
Deutsche Bank AG             6.200  12/24/2019    EUR     70.300
Deutsche Bank AG             6.200  12/24/2019    EUR     65.100
HSBC Trinkaus & Burkhar      7.300   9/27/2019    EUR     66.820
HSBC Trinkaus & Burkhar      4.100   9/27/2019    EUR     73.660
HSBC Trinkaus & Burkhar      7.100  12/27/2019    EUR     68.880
HSBC Trinkaus & Burkhar      5.200   8/23/2019    EUR     71.130
HSBC Trinkaus & Burkhar      6.500   9/27/2019    EUR     73.840
HSBC Trinkaus & Burkhar      7.300   6/28/2019    EUR     65.960
HSBC Trinkaus & Burkhar     10.500  12/27/2019    EUR     71.510
Raiffeisen Schweiz Geno      7.750   10/3/2019    CHF     42.940
HSBC Trinkaus & Burkhar      6.600  12/27/2019    EUR     73.460
Leonteq Securities AG       13.000    7/3/2019    CHF     42.620
HSBC Trinkaus & Burkhar      8.800  12/27/2019    EUR     69.960
HSBC Trinkaus & Burkhar      3.900   6/28/2019    EUR     72.950
HSBC Trinkaus & Burkhar      6.700   9/27/2019    EUR     66.930
HSBC Trinkaus & Burkhar      5.700   9/27/2019    EUR     67.650
HSBC Trinkaus & Burkhar     14.700   6/28/2019    EUR     43.950
HSBC Trinkaus & Burkhar      3.300   6/28/2019    EUR     57.390
HSBC Trinkaus & Burkhar      6.200   9/27/2019    EUR     52.980
HSBC Trinkaus & Burkhar      3.600   9/27/2019    EUR     57.860
HSBC Trinkaus & Burkhar      9.700  12/27/2019    EUR     50.710
HSBC Trinkaus & Burkhar      6.200  12/27/2019    EUR     54.490
HSBC Trinkaus & Burkhar      8.400   8/23/2019    EUR     49.770
HSBC Trinkaus & Burkhar      8.000  11/22/2019    EUR     51.640
Commerzbank AG               5.000   8/23/2019    EUR     72.310
Commerzbank AG               9.000   8/23/2019    EUR     65.150
Commerzbank AG               3.500   8/23/2019    EUR     71.580
UniCredit Bank AG            4.650   4/16/2021    EUR     63.320
Zurcher Kantonalbank Fi      8.750   10/4/2019    CHF     72.270
Leonteq Securities AG       13.000   6/26/2019    CHF     67.250
Corner Banca SA             14.500   6/26/2019    CHF     67.940
EFG International Finan     10.850   3/30/2020    USD     73.310
Leonteq Securities AG/G     12.000    1/3/2020    CHF     70.630
Credit Suisse AG/Nassau     10.000    7/8/2019    EUR     54.480
DZ Bank AG Deutsche Zen      6.250   6/26/2019    EUR     70.010
DZ Bank AG Deutsche Zen      6.000   6/26/2019    EUR     62.260
DZ Bank AG Deutsche Zen      8.500   6/26/2019    EUR     63.300
DZ Bank AG Deutsche Zen      6.000   6/26/2019    EUR     51.730
DZ Bank AG Deutsche Zen      5.250   6/26/2019    EUR     49.200
Bayerische Landesbank        4.000  10/25/2019    EUR     72.860
DZ Bank AG Deutsche Zen      6.250   6/26/2019    EUR     53.420
DZ Bank AG Deutsche Zen      8.250   6/26/2019    EUR     67.980
DZ Bank AG Deutsche Zen      6.750   6/26/2019    EUR     60.160
DekaBank Deutsche Giroz      2.700   4/17/2020    EUR     63.330
Commerzbank AG               8.500   9/27/2019    EUR     66.900
Commerzbank AG              13.000   7/26/2019    EUR     61.400
Commerzbank AG               9.000   8/23/2019    EUR     60.520
Commerzbank AG              11.000   8/23/2019    EUR     58.020
Landesbank Baden-Wuertt      7.000   9/27/2019    EUR     64.950
Landesbank Baden-Wuertt      5.000   9/27/2019    EUR     31.890
Landesbank Baden-Wuertt      2.500   9/27/2019    EUR     72.520
Landesbank Baden-Wuertt      2.500   9/27/2019    EUR     68.790
Landesbank Baden-Wuertt      4.000   9/27/2019    EUR     68.670
Landesbank Baden-Wuertt      5.500   9/27/2019    EUR     63.210
Landesbank Baden-Wuertt      7.000   9/27/2019    EUR     58.610
Landesbank Baden-Wuertt      6.000   9/27/2019    EUR     61.010
Landesbank Baden-Wuertt      3.500   9/27/2019    EUR     69.640
Landesbank Baden-Wuertt      5.000   9/27/2019    EUR     67.330
Landesbank Baden-Wuertt      7.000   9/27/2019    EUR     63.680
Landesbank Baden-Wuertt      5.600   1/24/2020    EUR     52.040
Landesbank Baden-Wuertt      4.000   9/27/2019    EUR     70.030
Landesbank Baden-Wuertt      7.000   9/27/2019    EUR     75.290
Landesbank Baden-Wuertt      3.500   9/27/2019    EUR     64.850
Vontobel Financial Prod      6.150   6/28/2019    EUR     73.470
Natixis SA                   4.975   3/23/2020    USD     57.229
Vontobel Financial Prod      9.250  10/25/2019    EUR     74.080
Vontobel Financial Prod      6.500  10/25/2019    EUR     73.340
UBS AG/London                8.000   9/30/2019    EUR     58.100
Commerzbank AG               5.500   9/27/2019    EUR     69.420
Commerzbank AG               9.500   9/27/2019    EUR     61.940
Commerzbank AG              10.500   9/27/2019    EUR     70.340
Commerzbank AG              10.750   9/27/2019    EUR     68.410
Commerzbank AG               7.750   9/27/2019    EUR     67.950
Commerzbank AG              11.750   9/27/2019    EUR     63.100
Commerzbank AG               4.500   9/27/2019    EUR     72.660
Commerzbank AG               8.500   9/27/2019    EUR     67.370
Leonteq Securities AG       10.400    7/9/2019    CHF     67.060
Commerzbank AG               6.250   9/27/2019    EUR     67.160
Commerzbank AG              10.250   9/27/2019    EUR     60.540
Commerzbank AG               6.750   9/27/2019    EUR     64.080
Commerzbank AG               3.750   9/27/2019    EUR     70.060
Commerzbank AG               8.750   9/27/2019    EUR     71.340
Commerzbank AG               7.750   9/27/2019    EUR     63.040
Commerzbank AG               8.500   9/27/2019    EUR     67.400
Raiffeisen Centrobank A      7.000  10/25/2019    EUR     64.430
Raiffeisen Schweiz Geno      6.250   10/9/2019    CHF     46.000
HSBC Trinkaus & Burkhar      8.500   6/28/2019    EUR     71.360
HSBC Trinkaus & Burkhar      4.000   6/28/2019    EUR     68.110
HSBC Trinkaus & Burkhar      5.200   9/27/2019    EUR     65.610
HSBC Trinkaus & Burkhar      5.300   7/26/2019    EUR     65.090
HSBC Trinkaus & Burkhar      6.500   7/26/2019    EUR     62.790
HSBC Trinkaus & Burkhar      3.600   6/28/2019    EUR     62.350
HSBC Trinkaus & Burkhar      8.700   6/28/2019    EUR     27.460
HSBC Trinkaus & Burkhar      7.500   6/28/2019    EUR     28.310
HSBC Trinkaus & Burkhar      4.200   6/28/2019    EUR     31.400
HSBC Trinkaus & Burkhar      5.200   7/26/2019    EUR     30.580
HSBC Trinkaus & Burkhar      4.500   9/27/2019    EUR     66.180
HSBC Trinkaus & Burkhar      5.900   7/26/2019    EUR     60.880
HSBC Trinkaus & Burkhar      6.800   6/28/2019    EUR     62.980
HSBC Trinkaus & Burkhar      6.800   6/28/2019    EUR     63.000
HSBC Trinkaus & Burkhar      5.100   7/26/2019    EUR     67.350
Landesbank Baden-Wuertt      4.500   9/27/2019    EUR     63.640
DZ Bank AG Deutsche Zen      8.300   6/24/2019    EUR     65.900
DZ Bank AG Deutsche Zen      8.500   6/24/2019    EUR     69.780
DZ Bank AG Deutsche Zen      5.500  12/27/2019    EUR     63.290
Credit Suisse AG/Nassau      8.000   7/12/2019    EUR     61.810
Credit Suisse AG/Nassau      8.000   7/12/2019    CHF     72.260
DZ Bank AG Deutsche Zen      6.750  10/23/2019    EUR     74.660
DZ Bank AG Deutsche Zen      4.500  12/27/2019    EUR     68.030
Commerzbank AG               7.500   6/28/2019    EUR     60.470
Bank Julius Baer & Co L     10.000   10/2/2019    USD     73.900
Leonteq Securities AG/G     14.200  10/10/2019    USD     55.570
Vontobel Financial Prod      5.700   6/14/2019    EUR     68.610
Vontobel Financial Prod     12.250   6/14/2019    EUR     58.780
Vontobel Financial Prod     12.700   6/14/2019    EUR     70.400
Vontobel Financial Prod     12.300   6/14/2019    EUR     71.270
Vontobel Financial Prod     11.800   6/14/2019    EUR     63.040
Vontobel Financial Prod      3.350   6/14/2019    EUR     68.080
Vontobel Financial Prod      6.050   6/14/2019    EUR     61.780
Vontobel Financial Prod      7.650   6/14/2019    EUR     59.090
Vontobel Financial Prod      9.400   6/14/2019    EUR     56.650
Vontobel Financial Prod     14.950   6/14/2019    EUR     68.680
DZ Bank AG Deutsche Zen      6.250   6/26/2019    EUR     56.630
Vontobel Financial Prod      9.050   6/14/2019    EUR     61.960
Vontobel Financial Prod      9.150   6/14/2019    EUR     74.580
Vontobel Financial Prod      9.250   6/14/2019    EUR     73.810
DZ Bank AG Deutsche Zen      4.750   6/24/2019    EUR     65.210
UBS AG/London                5.500  11/18/2019    CHF     69.700
UBS AG/London                9.500  11/16/2020    USD     65.200
Raiffeisen Schweiz Geno      4.600   5/25/2020    CHF     61.540
Raiffeisen Schweiz Geno      7.500   5/25/2020    CHF     32.720
Credit Suisse AG/Nassau      9.000    9/3/2019    USD     67.130
BNP Paribas Emissions-       6.000   6/27/2019    EUR     57.360
BNP Paribas Emissions-       7.000  12/30/2019    EUR     60.450
BNP Paribas Emissions-       8.000  12/30/2019    EUR     58.360
BNP Paribas Emissions-       8.000   6/27/2019    EUR     68.610
BNP Paribas Emissions-       4.000  12/30/2019    EUR     72.280
BNP Paribas Emissions-       5.000   6/27/2019    EUR     71.620
BNP Paribas Emissions-      10.000   6/27/2019    EUR     72.100
Landesbank Baden-Wuertt      3.000  12/29/2020    EUR     58.400
Landesbank Baden-Wuertt      4.250  12/29/2020    EUR     60.840
Leonteq Securities AG/G     12.000  11/29/2019    CHF     55.370
Landesbank Hessen-Thuer      3.150   6/14/2019    EUR     70.200
Leonteq Securities AG/G      6.400  11/20/2019    CHF     62.890
Leonteq Securities AG/G      7.400  11/20/2019    USD     54.320
Deutsche Bank AG             5.200   6/25/2019    EUR     45.200
Deutsche Bank AG             5.200   6/25/2019    EUR     67.100
Deutsche Bank AG             5.200   6/25/2019    EUR     71.100
Deutsche Bank AG             5.200   6/25/2019    EUR     67.200
Deutsche Bank AG             5.200   6/25/2019    EUR     71.700
Deutsche Bank AG             5.200   6/25/2019    EUR     68.800
Deutsche Bank AG             5.200   6/25/2019    EUR     72.100
Deutsche Bank AG             5.200   6/25/2019    EUR     70.600
Deutsche Bank AG             5.200   6/25/2019    EUR     68.000
Deutsche Bank AG             5.200   6/25/2019    EUR     65.600
Deutsche Bank AG             5.200   6/25/2019    EUR     57.900
Deutsche Bank AG             5.200   6/25/2019    EUR     48.300
Deutsche Bank AG             5.200   6/25/2019    EUR     63.000
Deutsche Bank AG             5.200   6/25/2019    EUR     60.000
Deutsche Bank AG             5.200   6/25/2019    EUR     52.600
Deutsche Bank AG             4.200   6/25/2019    EUR     58.300
Deutsche Bank AG             4.200   6/25/2019    EUR     53.100
Deutsche Bank AG             4.200   6/25/2019    EUR     68.400
Deutsche Bank AG             4.200   6/25/2019    EUR     64.800
Deutsche Bank AG             4.200   6/25/2019    EUR     70.600
Deutsche Bank AG             4.200   6/25/2019    EUR     48.300
Deutsche Bank AG             4.200   6/25/2019    EUR     71.000
Deutsche Bank AG             4.200   6/25/2019    EUR     71.600
Deutsche Bank AG             4.200   6/25/2019    EUR     73.300
Deutsche Bank AG             4.200   6/25/2019    EUR     70.500
Deutsche Bank AG             4.200   6/25/2019    EUR     67.900
Deutsche Bank AG             4.200   6/25/2019    EUR     55.600
Deutsche Bank AG             4.200   6/25/2019    EUR     51.600
DZ Bank AG Deutsche Zen     11.700   6/26/2019    EUR     42.880
DZ Bank AG Deutsche Zen     11.300   6/26/2019    EUR     55.500
DZ Bank AG Deutsche Zen      6.100   6/26/2019    EUR     61.700
DZ Bank AG Deutsche Zen      5.400   6/26/2019    EUR     69.130
DZ Bank AG Deutsche Zen     11.300   6/26/2019    EUR     48.410
Vontobel Financial Prod      7.750   6/28/2019    EUR     73.260
Vontobel Financial Prod      4.750   6/28/2019    EUR     73.560
Leonteq Securities AG/G      7.000   12/1/2020    CHF     66.450
BNP Paribas Emissions-       8.000   6/27/2019    EUR     49.100
Leonteq Securities AG/G      7.000   12/6/2019    CHF     65.530
BNP Paribas Emissions-       9.000   6/27/2019    EUR     72.480
BNP Paribas Emissions-       3.500   6/27/2019    EUR     66.300
BNP Paribas Emissions-       7.500   6/27/2019    EUR     55.280
BNP Paribas Emissions-       6.500   6/27/2019    EUR     71.930
BNP Paribas Emissions-      11.000   6/27/2019    EUR     61.030
BNP Paribas Emissions-       9.500   6/27/2019    EUR     71.240
BNP Paribas Emissions-      11.000   6/27/2019    EUR     68.520
BNP Paribas Emissions-       7.000   6/27/2019    EUR     73.210
BNP Paribas Emissions-       9.500   6/27/2019    EUR     67.740
BNP Paribas Emissions-       9.000   6/27/2019    EUR     65.910
BNP Paribas Emissions-       6.500   6/27/2019    EUR     68.270
BNP Paribas Emissions-       7.000   6/27/2019    EUR     67.610
BNP Paribas Emissions-       7.500   6/27/2019    EUR     66.960
BNP Paribas Emissions-       9.000   6/27/2019    EUR     48.810
BNP Paribas Emissions-       9.500   6/27/2019    EUR     47.210
BNP Paribas Emissions-       4.000   6/27/2019    EUR     58.360
BNP Paribas Emissions-       5.500   6/27/2019    EUR     54.220
BNP Paribas Emissions-       7.000   6/27/2019    EUR     51.100
BNP Paribas Emissions-       5.000   6/27/2019    EUR     71.740
BNP Paribas Emissions-       6.000   6/27/2019    EUR     68.990
BNP Paribas Emissions-       6.500   6/27/2019    EUR     67.440
BNP Paribas Emissions-       7.000   6/27/2019    EUR     66.470
BNP Paribas Emissions-       7.500   6/27/2019    EUR     65.520
DZ Bank AG Deutsche Zen      5.000   6/26/2019    EUR     65.890
DZ Bank AG Deutsche Zen      5.000   6/26/2019    EUR     73.130
DZ Bank AG Deutsche Zen      8.250   6/26/2019    EUR     73.660
DZ Bank AG Deutsche Zen     11.000   6/26/2019    EUR     63.500
Landesbank Hessen-Thuer      7.800  12/15/2022    EUR     72.110
DZ Bank AG Deutsche Zen      8.100   6/26/2019    EUR     73.290
Landesbank Hessen-Thuer      7.250   3/15/2023    EUR     46.900
Landesbank Baden-Wuertt      3.350   8/28/2020    EUR     58.770
DZ Bank AG Deutsche Zen      6.250   6/26/2019    EUR     59.120
Landesbank Hessen-Thuer      5.350   9/22/2023    EUR     47.620
Vontobel Financial Prod      6.000   3/27/2020    EUR     72.780
Landesbank Baden-Wuertt      2.800   6/25/2021    EUR     70.040
Bayerische Landesbank        2.700   2/21/2020    EUR     63.550
Commerzbank AG               1.500   3/22/2024    USD      2.800
Barclays Bank PLC            7.500   2/28/2020    USD     10.260
Landesbank Hessen-Thuer      2.750   5/30/2019    EUR     62.500
Leonteq Securities AG        7.800   5/14/2021    CHF     38.410
Leonteq Securities AG       14.000   8/14/2019    CHF     51.150
Leonteq Securities AG       11.400   8/14/2019    CHF     60.420
Vontobel Financial Prod      4.700    6/7/2019    EUR     48.620
Vontobel Financial Prod      7.500   6/28/2019    EUR     73.150
Vontobel Financial Prod      9.500   6/28/2019    EUR     56.110
Vontobel Financial Prod      7.000   6/28/2019    EUR     53.010
DekaBank Deutsche Giroz      2.800  11/22/2019    EUR     72.410
UniCredit Bank AG            8.300  12/29/2020    EUR     71.160
UniCredit Bank AG            7.700  12/29/2020    EUR     59.710
UniCredit Bank AG            8.100  12/29/2020    EUR     63.040
UniCredit Bank AG            5.300    1/3/2020    EUR     62.240
UniCredit Bank AG            6.800    1/3/2020    EUR     63.490
UniCredit Bank AG            6.200    1/3/2020    EUR     65.300
UniCredit Bank AG           10.000    1/3/2020    EUR     71.560
UniCredit Bank AG            5.900    1/3/2020    EUR     67.600
UniCredit Bank AG           10.500    1/3/2020    EUR     57.340
UniCredit Bank AG            8.200  12/29/2020    EUR     59.150
UniCredit Bank AG            6.200  12/29/2020    EUR     65.530
Bank Julius Baer & Co L      8.000  10/31/2019    CHF     65.050
UniCredit Bank AG            9.000    1/3/2020    EUR     75.460
UniCredit Bank AG            8.600    1/3/2020    EUR     72.010
UniCredit Bank AG            8.400    1/3/2020    EUR     61.540
UniCredit Bank AG           11.700    1/3/2020    EUR     69.670
UniCredit Bank AG            9.600    1/3/2020    EUR     64.190
UniCredit Bank AG            5.200    1/3/2020    EUR     75.230
UniCredit Bank AG            5.400    1/3/2020    EUR     67.140
UniCredit Bank AG            9.200  12/29/2020    EUR     72.210
UniCredit Bank AG            7.500  12/29/2020    EUR     69.270
UniCredit Bank AG            6.100  12/29/2020    EUR     64.260
UniCredit Bank AG            7.200  12/29/2020    EUR     70.210
UniCredit Bank AG            6.800  12/29/2020    EUR     63.220
UniCredit Bank AG            6.300  12/29/2020    EUR     69.590
UniCredit Bank AG            7.300  12/29/2020    EUR     67.690
UniCredit Bank AG            6.900  12/29/2020    EUR     56.710
UniCredit Bank AG           11.800  12/29/2020    EUR     51.930
UniCredit Bank AG            9.500  12/29/2020    EUR     57.490
UniCredit Bank AG            8.100  12/29/2020    EUR     70.470
UniCredit Bank AG            6.600  12/29/2020    EUR     72.890
UniCredit Bank AG            8.400  12/29/2020    EUR     38.780
UniCredit Bank AG            6.600  12/29/2020    EUR     63.250
UniCredit Bank AG            9.300  12/29/2020    EUR     63.420
UniCredit Bank AG           10.500  12/29/2020    EUR     72.970
UniCredit Bank AG            9.400  12/29/2020    EUR     50.950
UniCredit Bank AG            7.600  12/29/2020    EUR     64.450
UniCredit Bank AG            8.000  12/29/2020    EUR     70.180
UniCredit Bank AG            6.400  12/29/2020    EUR     67.440
UniCredit Bank AG            7.800  12/29/2020    EUR     61.770
UniCredit Bank AG            8.700  12/29/2020    EUR     62.390
UniCredit Bank AG           10.600  12/29/2020    EUR     50.300
UniCredit Bank AG           10.800  12/29/2020    EUR     59.680
UniCredit Bank AG            8.000  12/29/2020    EUR     73.950
UniCredit Bank AG            9.200  12/29/2020    EUR     62.000
UniCredit Bank AG            8.900  12/29/2020    EUR     55.140
Erste Group Bank AG          3.900  10/19/2019    EUR     48.800
Landesbank Baden-Wuertt      3.000  10/25/2019    EUR     72.070
Landesbank Baden-Wuertt      4.000  10/25/2019    EUR     68.200
Landesbank Baden-Wuertt      2.500  10/25/2019    EUR     68.180
Landesbank Baden-Wuertt      4.500  10/25/2019    EUR     58.020
Landesbank Baden-Wuertt      5.000  10/25/2019    EUR     72.930
Landesbank Baden-Wuertt      2.000  10/25/2019    EUR     36.870
Landesbank Baden-Wuertt      5.000  10/25/2019    EUR     31.110
Landesbank Baden-Wuertt      1.500  10/25/2019    EUR     63.100
Landesbank Baden-Wuertt      3.500  10/25/2019    EUR     54.770
Landesbank Baden-Wuertt      4.500  10/25/2019    EUR     53.300
UniCredit Bank AG            3.350   6/14/2022    EUR     64.500
Landesbank Baden-Wuertt      1.500  10/25/2019    EUR     65.410
Landesbank Baden-Wuertt      2.500  10/25/2019    EUR     59.950
UniCredit Bank AG            3.550    6/7/2021    EUR     64.220
Landesbank Baden-Wuertt      4.500  10/25/2019    EUR     53.950
Bank Julius Baer & Co L      4.850   8/22/2019    CHF     61.800
Landesbank Baden-Wuertt      3.000  10/25/2019    EUR     69.730
Landesbank Baden-Wuertt      3.000  10/25/2019    EUR     70.180
Landesbank Baden-Wuertt      2.500  10/25/2019    EUR     70.210
BNP Paribas Emissions-      10.000   6/27/2019    EUR     71.930
BNP Paribas Emissions-       7.500   6/27/2019    EUR     60.450
BNP Paribas Emissions-      11.000   6/27/2019    EUR     55.620
BNP Paribas Emissions-       6.500  12/30/2019    EUR     62.500
BNP Paribas Emissions-      10.000  12/30/2019    EUR     57.710
BNP Paribas Emissions-       8.500  12/30/2019    EUR     64.830
BNP Paribas Emissions-      11.000  12/30/2019    EUR     60.620
BNP Paribas Emissions-       5.500   6/27/2019    EUR     62.210
BNP Paribas Emissions-       9.000  12/30/2019    EUR     73.920
BNP Paribas Emissions-       5.000   6/27/2019    EUR     70.610
BNP Paribas Emissions-      12.000   6/27/2019    EUR     65.580
BNP Paribas Emissions-       8.000   6/27/2019    EUR     63.820
BNP Paribas Emissions-       9.500   6/27/2019    EUR     60.570
BNP Paribas Emissions-      11.000   6/27/2019    EUR     59.150
BNP Paribas Emissions-       5.000  12/30/2019    EUR     70.630
BNP Paribas Emissions-       6.500  12/30/2019    EUR     68.710
BNP Paribas Emissions-       8.500   6/27/2019    EUR     73.070
BNP Paribas Emissions-      10.000   6/27/2019    EUR     71.610
BNP Paribas Emissions-      13.000   6/27/2019    EUR     66.870
BNP Paribas Emissions-       7.000  12/30/2019    EUR     67.230
BNP Paribas Emissions-      10.000  12/30/2019    EUR     73.340
BNP Paribas Emissions-       7.000   6/27/2019    EUR     56.150
BNP Paribas Emissions-       9.000   6/27/2019    EUR     52.390
BNP Paribas Emissions-      15.000   6/27/2019    EUR     46.550
BNP Paribas Emissions-       5.500  12/30/2019    EUR     72.970
BNP Paribas Emissions-       6.000  12/30/2019    EUR     70.050
BNP Paribas Emissions-       9.500  12/30/2019    EUR     63.830
BNP Paribas Emissions-       5.500   6/27/2019    EUR     61.470
BNP Paribas Emissions-       7.000   6/27/2019    EUR     59.210
BNP Paribas Emissions-       8.500   6/27/2019    EUR     57.130
BNP Paribas Emissions-       4.000   6/27/2019    EUR     61.580
BNP Paribas Emissions-       6.000   6/27/2019    EUR     57.410
BNP Paribas Emissions-       9.500   6/27/2019    EUR     51.940
BNP Paribas Emissions-      12.000   6/27/2019    EUR     52.630
BNP Paribas Emissions-       4.000  12/30/2019    EUR     66.700
BNP Paribas Emissions-      13.000   6/27/2019    EUR     63.580
BNP Paribas Emissions-      11.000   6/27/2019    EUR     73.020
BNP Paribas Emissions-       6.500   6/27/2019    EUR     31.720
BNP Paribas Emissions-       8.000   6/27/2019    EUR     30.640
BNP Paribas Emissions-       9.500   6/27/2019    EUR     29.650
BNP Paribas Emissions-      12.000   6/27/2019    EUR     28.350
BNP Paribas Emissions-       6.000   6/27/2019    EUR     60.140
BNP Paribas Emissions-       5.000   6/27/2019    EUR     56.040
BNP Paribas Emissions-       6.000   6/27/2019    EUR     53.080
BNP Paribas Emissions-      10.000   6/27/2019    EUR     48.260
DZ Bank AG Deutsche Zen      9.500   6/26/2019    EUR     52.080
DZ Bank AG Deutsche Zen     11.000   5/22/2019    EUR     64.120
Vontobel Financial Prod      9.000    6/5/2020    EUR     59.010
UniCredit Bank AG            3.000   6/28/2019    EUR     50.680
Leonteq Securities AG/G      5.000  11/27/2019    CHF     57.140
Leonteq Securities AG/G      5.600   5/25/2021    CHF     62.730
Leonteq Securities AG/G      6.000  11/13/2019    CHF     52.260
UBS AG/London                4.900   9/26/2019    EUR     58.520
UBS AG/London                5.000   9/26/2019    EUR     61.150
Credit Suisse AG/Nassau      8.000   8/26/2019    USD     71.050
Natixis SA                   2.475  10/21/2019    EUR     65.958
EFG International Finan     14.000   5/31/2019    CHF     53.750
DZ Bank AG Deutsche Zen     10.750   6/26/2019    EUR     68.720
DZ Bank AG Deutsche Zen      5.250   6/26/2019    EUR     72.840
UniCredit Bank AG            4.400  12/10/2022    EUR     69.970
EFG International Finan      7.000  11/16/2020    EUR     55.560
Leonteq Securities AG/G      5.000  11/27/2019    CHF     57.630
Vontobel Financial Prod      3.250   6/28/2019    EUR     56.490
Raiffeisen Schweiz Geno      6.150  11/13/2019    CHF     73.670
Leonteq Securities AG/G      5.000  11/13/2019    CHF     70.660
Vontobel Financial Prod      9.000   7/26/2019    EUR     72.010
UniCredit Bank AG            4.000   6/11/2020    EUR     55.250
Vontobel Financial Prod     19.000   9/27/2019    EUR     73.880
UniCredit Bank AG            4.400  11/27/2019    EUR     68.420
Vontobel Financial Prod      7.500    1/3/2020    EUR     73.060
Vontobel Financial Prod     10.000    1/3/2020    EUR     68.150
Vontobel Financial Prod     14.000   9/27/2019    EUR     63.750
Commerzbank AG              10.750   9/27/2019    EUR     71.530
Commerzbank AG              17.250   6/28/2019    EUR     68.550
BNP Paribas Emissions-      15.000   9/26/2019    EUR     74.580
BNP Paribas Emissions-      19.000   6/27/2019    EUR     72.390
Landesbank Baden-Wuertt      5.000  10/23/2020    EUR     62.470
Commerzbank AG              15.250   6/28/2019    EUR     70.570
HSBC Trinkaus & Burkhar      2.250   4/22/2020    EUR     68.110
Vontobel Financial Prod     12.000    1/3/2020    EUR     71.790
Commerzbank AG              14.000  10/25/2019    EUR     72.310
Commerzbank AG              13.500   9/27/2019    EUR     72.690
BNP Paribas Emissions-      18.000   6/27/2019    EUR     74.680
Landesbank Baden-Wuertt      2.500  10/23/2020    EUR     68.940
HSBC Trinkaus & Burkhar      2.250   4/22/2020    EUR     68.110
HSBC Trinkaus & Burkhar      1.000   4/22/2020    EUR     70.940
Vontobel Financial Prod      6.000    1/3/2020    EUR     75.590
Commerzbank AG              12.750   9/27/2019    EUR     69.540
Commerzbank AG               8.750   9/27/2019    EUR     74.030
BNP Paribas Emissions-      16.000   6/27/2019    EUR     53.940
BNP Paribas Emissions-      13.000   9/26/2019    EUR     56.950
BNP Paribas Emissions-       9.500   6/27/2019    EUR     70.470
Commerzbank AG               8.500   6/28/2019    EUR     65.940
BNP Paribas Emissions-      13.000   6/27/2019    EUR     73.480
BNP Paribas Emissions-       9.500   9/26/2019    EUR     69.700
BNP Paribas Emissions-       9.500  12/30/2019    EUR     72.080
BNP Paribas Emissions-      12.000  12/30/2019    EUR     39.910
BNP Paribas Emissions-       4.000   9/26/2019    EUR     73.030
BNP Paribas Emissions-       8.000   9/26/2019    EUR     61.590
BNP Paribas Emissions-      13.000   9/26/2019    EUR     57.060
BNP Paribas Emissions-       5.000  12/30/2019    EUR     66.010
BNP Paribas Emissions-       9.500   9/26/2019    EUR     73.560
BNP Paribas Emissions-      13.000   9/26/2019    EUR     68.250
BNP Paribas Emissions-       5.000  12/30/2019    EUR     65.660
BNP Paribas Emissions-       7.500   9/26/2019    EUR     62.200
BNP Paribas Emissions-       9.000   9/26/2019    EUR     72.790
BNP Paribas Emissions-      12.000  12/30/2019    EUR     71.150
BNP Paribas Emissions-       9.500   6/27/2019    EUR     66.780
BNP Paribas Emissions-      12.000   6/27/2019    EUR     63.760
BNP Paribas Emissions-       7.000   9/26/2019    EUR     70.670
BNP Paribas Emissions-       8.500   9/26/2019    EUR     67.950
Commerzbank AG               7.750   7/26/2019    EUR     66.700
Commerzbank AG               8.750   7/26/2019    EUR     65.470
DZ Bank AG Deutsche Zen      8.750   9/25/2019    EUR     65.820
DZ Bank AG Deutsche Zen      6.500   9/25/2019    EUR     71.020
DZ Bank AG Deutsche Zen      9.500   6/26/2019    EUR     73.210
DZ Bank AG Deutsche Zen      5.500   9/25/2019    EUR     55.950
Landesbank Baden-Wuertt      3.500   8/23/2019    EUR     72.980
Landesbank Baden-Wuertt      5.000   8/23/2019    EUR     72.580
Landesbank Baden-Wuertt      4.500   8/23/2019    EUR     57.950
Landesbank Baden-Wuertt      7.000   8/23/2019    EUR     52.780
Commerzbank AG              16.750   6/28/2019    EUR     74.050
HSBC Trinkaus & Burkhar      8.530   2/21/2020    EUR     70.310
Commerzbank AG              14.500   9/27/2019    EUR     71.680
Landesbank Baden-Wuertt      3.000  10/23/2020    EUR     76.610
Commerzbank AG              15.000   6/28/2019    EUR     71.620
BNP Paribas Emissions-      15.000   6/27/2019    EUR     68.250
HSBC Trinkaus & Burkhar      3.000   8/10/2020    EUR     69.600
HSBC Trinkaus & Burkhar      6.000   2/28/2020    EUR     72.520
Vontobel Financial Prod     14.000    1/3/2020    EUR     69.730
Vontobel Financial Prod     12.000    1/3/2020    EUR     70.200
Vontobel Financial Prod     14.000    1/3/2020    EUR     71.961
Vontobel Financial Prod     18.500    1/3/2020    EUR     72.210
DZ Bank AG Deutsche Zen     14.000   9/25/2019    EUR     68.410
UBS AG/London                9.000  10/19/2020    USD     66.850
Commerzbank AG              20.500   6/28/2019    EUR     73.710
Commerzbank AG              16.250   7/26/2019    EUR     73.500
BNP Paribas Emissions-       8.000   9/26/2019    EUR     61.690
Leonteq Securities AG/G      5.000    5/5/2020    EUR     51.350
BNP Paribas Emissions-      11.000   6/27/2019    EUR     68.970
BNP Paribas Emissions-       8.500   9/26/2019    EUR     73.450
BNP Paribas Emissions-      16.000   6/27/2019    EUR     70.890
BNP Paribas Emissions-      12.000  12/30/2019    EUR     63.190
BNP Paribas Emissions-       5.500  12/30/2019    EUR     64.620
BNP Paribas Emissions-       9.000  12/30/2019    EUR     60.930
BNP Paribas Emissions-       5.000   9/26/2019    EUR     64.700
Vontobel Financial Prod     14.000   9/13/2019    EUR     71.820
BNP Paribas Emissions-       7.500   9/26/2019    EUR     74.290
BNP Paribas Emissions-      14.000   9/26/2019    EUR     68.520
BNP Paribas Emissions-      12.000   6/27/2019    EUR     59.880
BNP Paribas Emissions-       7.000   6/27/2019    EUR     70.130
BNP Paribas Emissions-      14.000   9/26/2019    EUR     61.480
Commerzbank AG               5.750   7/26/2019    EUR     70.150
DZ Bank AG Deutsche Zen      5.250   9/25/2019    EUR     65.750
DZ Bank AG Deutsche Zen      6.000   9/25/2019    EUR     66.000
HSBC Trinkaus & Burkhar      9.600   6/28/2019    EUR     68.180
HSBC Trinkaus & Burkhar      4.300   6/26/2020    EUR     66.680
HSBC Trinkaus & Burkhar      3.500   6/26/2020    EUR     65.870
Vontobel Financial Prod      7.650   9/19/2019    EUR     56.390
Vontobel Financial Prod     15.500   6/28/2019    EUR     62.100
Vontobel Financial Prod      9.800   9/19/2019    USD     63.620
Vontobel Financial Prod     16.500   9/27/2019    EUR     62.670
Vontobel Financial Prod     19.000   6/28/2019    EUR     59.190
Vontobel Financial Prod      2.500   6/28/2019    EUR     75.580
Vontobel Financial Prod     15.000   6/28/2019    EUR     56.570
Vontobel Financial Prod     13.000   9/27/2019    EUR     74.620
Vontobel Financial Prod      7.000   9/27/2019    EUR     73.430
Vontobel Financial Prod     13.500   9/27/2019    EUR     66.720
Vontobel Financial Prod      7.000   6/28/2019    EUR     73.900
Vontobel Financial Prod     10.000   6/28/2019    EUR     70.030
Vontobel Financial Prod     13.000   6/28/2019    EUR     66.670
HSBC Trinkaus & Burkhar      5.900  12/27/2019    EUR     71.140
HSBC Trinkaus & Burkhar      7.300  12/27/2019    EUR     53.430
HSBC Trinkaus & Burkhar     10.400  12/27/2019    EUR     72.640
Vontobel Financial Prod      7.000   9/27/2019    EUR     71.390
Vontobel Financial Prod     18.500   9/27/2019    EUR     70.880
Vontobel Financial Prod      9.000   9/27/2019    EUR     74.700
Vontobel Financial Prod     14.000   9/27/2019    EUR     69.390
Vontobel Financial Prod      9.500   6/28/2019    EUR     74.260
Vontobel Financial Prod     11.500   9/11/2019    EUR     73.730
BNP Paribas Emissions-      12.000   9/26/2019    EUR     74.350
HSBC Trinkaus & Burkhar     13.310   9/27/2019    EUR     49.360
BNP Paribas Emissions-       7.000   9/26/2019    EUR     75.530
BNP Paribas Emissions-       8.000  12/30/2019    EUR     74.730
BNP Paribas Emissions-       9.500  12/30/2019    EUR     73.730
BNP Paribas Emissions-      10.000  12/30/2019    EUR     72.810
BNP Paribas Emissions-      11.000  12/30/2019    EUR     72.240
BNP Paribas Emissions-      10.000   9/26/2019    EUR     65.450
BNP Paribas Emissions-       6.000  12/30/2019    EUR     70.860
BNP Paribas Emissions-       7.500  12/30/2019    EUR     68.680
Commerzbank AG               4.750   7/26/2019    EUR     72.510
Commerzbank AG               6.750   7/26/2019    EUR     68.240
Landesbank Baden-Wuertt      6.000   8/23/2019    EUR     69.800
SG Issuer SA                 3.000    9/2/2021    EUR     43.970
Landesbank Baden-Wuertt      3.500   8/23/2019    EUR     75.370
Commerzbank AG              17.500   5/24/2019    EUR     66.980
Landesbank Baden-Wuertt      2.780   8/23/2019    EUR     49.600
Vontobel Financial Prod      8.500   6/28/2019    EUR     71.980
Vontobel Financial Prod      5.500   9/27/2019    EUR     61.820
Vontobel Financial Prod     19.000   9/27/2019    EUR     60.120
Vontobel Financial Prod      7.000   6/28/2019    EUR     65.760
Vontobel Financial Prod      9.500   9/27/2019    EUR     62.940
HSBC Trinkaus & Burkhar      7.200   6/26/2020    EUR     56.300
Vontobel Financial Prod     18.500   6/28/2019    EUR     71.250
Vontobel Financial Prod     17.500   9/27/2019    EUR     66.370
Vontobel Financial Prod     15.000   9/27/2019    EUR     74.660
Vontobel Financial Prod     12.500   9/11/2019    EUR     59.740
Vontobel Financial Prod      9.500   8/23/2019    EUR     71.930
Vontobel Financial Prod      8.000   8/23/2019    EUR     73.650
Vontobel Financial Prod      6.000   8/23/2019    EUR     62.850
Vontobel Financial Prod      7.500   8/23/2019    EUR     60.780
Vontobel Financial Prod     11.500   8/23/2019    EUR     73.610
Vontobel Financial Prod      8.500   8/23/2019    EUR     70.690
Vontobel Financial Prod     10.500   8/23/2019    EUR     67.900
Vontobel Financial Prod     13.000   8/23/2019    EUR     65.480
HSBC Trinkaus & Burkhar      2.620  12/30/2019    EUR     72.090
DZ Bank AG Deutsche Zen      6.000   7/24/2019    EUR     52.850
DZ Bank AG Deutsche Zen      8.000   9/25/2019    EUR     62.910
UniCredit Bank AG            5.100  11/22/2019    EUR     70.140
Commerzbank AG               8.250   6/28/2019    EUR     72.180
Commerzbank AG              13.000   6/28/2019    EUR     60.350
Commerzbank AG               6.750   6/28/2019    EUR     67.290
Vontobel Financial Prod     12.000   6/28/2019    EUR     72.320
DZ Bank AG Deutsche Zen      4.800   6/24/2019    EUR     60.270
DZ Bank AG Deutsche Zen      6.250   9/23/2019    EUR     65.230
DZ Bank AG Deutsche Zen      5.250   9/23/2019    EUR     68.780
Vontobel Financial Prod     10.500   7/16/2019    EUR     50.250
Credit Suisse AG/Nassau      7.200    7/5/2021    CHF     69.830
Commerzbank AG               3.000   6/28/2019    EUR     59.600
Commerzbank AG               4.500   6/28/2019    EUR     52.890
Commerzbank AG               6.500   6/28/2019    EUR     50.120
Commerzbank AG               6.000   6/28/2019    EUR     55.570
Commerzbank AG              10.000   6/28/2019    EUR     65.430
Commerzbank AG               4.250   6/28/2019    EUR     64.270
Commerzbank AG               9.750   6/28/2019    EUR     73.540
Commerzbank AG               8.750   6/28/2019    EUR     60.240
Vontobel Financial Prod     16.500   6/28/2019    EUR     74.180
Commerzbank AG               8.250   6/28/2019    EUR     73.160
Commerzbank AG               8.750   6/28/2019    EUR     72.470
Commerzbank AG               6.750   6/28/2019    EUR     59.340
Commerzbank AG               4.250   6/28/2019    EUR     67.070
Commerzbank AG               5.250   6/28/2019    EUR     64.710
Commerzbank AG               6.250   6/28/2019    EUR     62.720
Commerzbank AG               8.250   6/28/2019    EUR     59.610
Commerzbank AG               9.250   6/28/2019    EUR     58.310
Commerzbank AG               4.750   6/28/2019    EUR     63.830
Commerzbank AG               6.750   6/28/2019    EUR     56.540
Commerzbank AG               8.750   6/28/2019    EUR     52.400
Commerzbank AG              10.750   6/28/2019    EUR     49.760
Commerzbank AG              10.750   6/28/2019    EUR     59.790
Commerzbank AG              12.750   6/28/2019    EUR     57.150
Commerzbank AG               9.500   6/28/2019    EUR     61.230
Commerzbank AG              11.500   6/28/2019    EUR     58.160
Commerzbank AG               3.750   6/28/2019    EUR     64.890
Commerzbank AG               4.750   6/28/2019    EUR     62.530
Commerzbank AG               7.250   6/28/2019    EUR     73.780
Commerzbank AG               8.750   6/28/2019    EUR     63.160
Vontobel Financial Prod     11.000   6/28/2019    EUR     74.030
Vontobel Financial Prod     12.000   9/27/2019    EUR     71.530
Vontobel Financial Prod     13.550   9/27/2019    EUR     68.920
Vontobel Financial Prod     13.000   6/28/2019    EUR     70.600
Vontobel Financial Prod     14.000   6/28/2019    EUR     68.870
DZ Bank AG Deutsche Zen      5.200   9/23/2019    EUR     60.460
DZ Bank AG Deutsche Zen      6.300   9/23/2019    EUR     58.560
DZ Bank AG Deutsche Zen      6.000   6/24/2019    EUR     69.260
DZ Bank AG Deutsche Zen      5.000   9/23/2019    EUR     64.810
DZ Bank AG Deutsche Zen      8.500   9/23/2019    EUR     70.000
Vontobel Financial Prod     10.000   6/28/2019    EUR     48.850
Vontobel Financial Prod      8.550   6/28/2019    EUR     66.610
Vontobel Financial Prod      7.550   6/28/2019    EUR     66.500
Vontobel Financial Prod      7.000   6/28/2019    EUR     71.960
Bank Julius Baer & Co L      8.150    7/3/2019    CHF     45.200
DZ Bank AG Deutsche Zen      6.000   9/25/2019    EUR     62.340
DZ Bank AG Deutsche Zen      7.750   9/25/2019    EUR     56.200
DZ Bank AG Deutsche Zen      5.250   9/25/2019    EUR     46.550
DZ Bank AG Deutsche Zen      8.750   9/25/2019    EUR     72.220
DZ Bank AG Deutsche Zen      4.500   9/25/2019    EUR     52.600
DZ Bank AG Deutsche Zen      6.500   9/25/2019    EUR     53.300
Vontobel Financial Prod     10.000   7/16/2019    EUR     73.340
Commerzbank AG               8.000   5/24/2019    EUR     72.630
Commerzbank AG              10.000   6/28/2019    EUR     58.090
Commerzbank AG               8.750   6/28/2019    EUR     58.230
Vontobel Financial Prod      4.100  12/20/2019    EUR     74.860
DZ Bank AG Deutsche Zen      5.000   6/24/2019    EUR     63.520
DZ Bank AG Deutsche Zen      8.250   6/24/2019    EUR     67.260
DZ Bank AG Deutsche Zen      5.000   9/23/2019    EUR     67.830
DZ Bank AG Deutsche Zen      6.750   6/24/2019    EUR     72.220
UniCredit Bank AG            3.600  11/22/2019    EUR     70.530
UniCredit Bank AG            3.800  11/22/2019    EUR     69.550
UniCredit Bank AG            4.200   7/26/2022    EUR     57.560
UniCredit Bank AG            4.450   7/23/2022    EUR     65.850
DZ Bank AG Deutsche Zen      6.000   7/24/2019    EUR     60.890
DZ Bank AG Deutsche Zen      4.000   6/26/2019    EUR     62.820
DZ Bank AG Deutsche Zen      7.250   9/25/2019    EUR     56.650
Commerzbank AG              10.000   5/24/2019    EUR     68.710
Commerzbank AG              12.000   5/24/2019    EUR     65.410
Commerzbank AG              10.750   6/28/2019    EUR     68.290
Commerzbank AG               6.750   6/28/2019    EUR     65.770
Commerzbank AG              10.750   6/28/2019    EUR     59.620
Commerzbank AG               8.000   6/28/2019    EUR     52.770
Commerzbank AG              12.000   6/28/2019    EUR     62.440
Commerzbank AG              10.250   6/28/2019    EUR     71.010
Commerzbank AG               6.750   6/28/2019    EUR     63.760
Commerzbank AG               5.750   6/28/2019    EUR     60.690
Commerzbank AG               4.750   6/28/2019    EUR     54.390
Commerzbank AG              10.250   6/28/2019    EUR     72.930
Commerzbank AG               3.250   6/28/2019    EUR     70.040
Commerzbank AG              12.750   6/28/2019    EUR     44.020
Vontobel Financial Prod     10.500   9/27/2019    EUR     74.440
DZ Bank AG Deutsche Zen      5.300   6/24/2019    EUR     59.180
DZ Bank AG Deutsche Zen      4.800   9/23/2019    EUR     70.330
DZ Bank AG Deutsche Zen      4.750   6/24/2019    EUR     57.160
DZ Bank AG Deutsche Zen      5.750   6/24/2019    EUR     72.810
DZ Bank AG Deutsche Zen      6.750   6/24/2019    EUR     62.870
DZ Bank AG Deutsche Zen      5.600   9/23/2019    EUR     59.460
DZ Bank AG Deutsche Zen      5.200   9/23/2019    EUR     69.040
DZ Bank AG Deutsche Zen      8.250   6/24/2019    EUR     70.320
DZ Bank AG Deutsche Zen      5.000   6/24/2019    EUR     62.710
DZ Bank AG Deutsche Zen      6.250   6/24/2019    EUR     62.740
Vontobel Financial Prod      6.500   6/28/2019    EUR     74.650
Vontobel Financial Prod      8.000   6/28/2019    EUR     71.540
Vontobel Financial Prod      9.000   6/28/2019    EUR     69.620
DZ Bank AG Deutsche Zen      5.000   7/24/2019    EUR     58.710
DZ Bank AG Deutsche Zen      4.000   6/26/2019    EUR     46.980
DZ Bank AG Deutsche Zen      5.250   9/25/2019    EUR     52.970
Leonteq Securities AG       13.200  10/30/2019    USD     57.320
Leonteq Securities AG        7.800   1/30/2020    CHF     56.500
Leonteq Securities AG       11.200  10/30/2019    CHF     57.140
Leonteq Securities AG       10.000  10/30/2019    CHF     56.570
Araratbank OJSC              5.250   9/11/2022    USD     24.998
HSBC Trinkaus & Burkhar      9.400   6/28/2019    EUR     36.830
HSBC Trinkaus & Burkhar      3.000   6/28/2019    EUR     46.700
HSBC Trinkaus & Burkhar      8.800   9/27/2019    EUR     39.070
HSBC Trinkaus & Burkhar      5.900   9/27/2019    EUR     41.430
HSBC Trinkaus & Burkhar      3.000   9/27/2019    EUR     46.690
HSBC Trinkaus & Burkhar      7.400   8/23/2019    EUR     39.540
HSBC Trinkaus & Burkhar      7.100  11/22/2019    EUR     41.460
HSBC Trinkaus & Burkhar      4.900   8/23/2019    EUR     62.720
HSBC Trinkaus & Burkhar      4.800  11/22/2019    EUR     63.710
HSBC Trinkaus & Burkhar      7.400   9/27/2019    EUR     73.950
HSBC Trinkaus & Burkhar      7.800   6/28/2019    EUR     60.060
HSBC Trinkaus & Burkhar      4.600   6/28/2019    EUR     66.240
HSBC Trinkaus & Burkhar      2.500   6/28/2019    EUR     74.210
HSBC Trinkaus & Burkhar      7.100   9/27/2019    EUR     64.590
HSBC Trinkaus & Burkhar      4.800   9/27/2019    EUR     67.850
HSBC Trinkaus & Burkhar      2.500   9/27/2019    EUR     73.850
HSBC Trinkaus & Burkhar      3.600  12/27/2019    EUR     71.370
HSBC Trinkaus & Burkhar      3.500   7/26/2019    EUR     70.300
HSBC Trinkaus & Burkhar      3.600   8/23/2019    EUR     70.540
HSBC Trinkaus & Burkhar      3.600  11/22/2019    EUR     71.140
HSBC Trinkaus & Burkhar      3.500   9/27/2019    EUR     66.580
HSBC Trinkaus & Burkhar      2.700  12/27/2019    EUR     69.460
HSBC Trinkaus & Burkhar      4.700  11/22/2019    EUR     64.280
HSBC Trinkaus & Burkhar      2.600  11/22/2019    EUR     69.420
HSBC Trinkaus & Burkhar      2.000   6/28/2019    EUR     67.590
HSBC Trinkaus & Burkhar      7.100   9/27/2019    EUR     56.420
HSBC Trinkaus & Burkhar      3.800   9/27/2019    EUR     62.170
HSBC Trinkaus & Burkhar      2.100   9/27/2019    EUR     67.910
HSBC Trinkaus & Burkhar      5.000   8/23/2019    EUR     69.990
HSBC Trinkaus & Burkhar      5.100  11/22/2019    EUR     71.140
HSBC Trinkaus & Burkhar      9.500   6/28/2019    EUR     56.340
HSBC Trinkaus & Burkhar      3.200   6/28/2019    EUR     65.420
HSBC Trinkaus & Burkhar      8.500   9/27/2019    EUR     58.320
HSBC Trinkaus & Burkhar      6.600   9/27/2019    EUR     60.540
HSBC Trinkaus & Burkhar      3.400   9/27/2019    EUR     66.180
HSBC Trinkaus & Burkhar      5.300  11/22/2019    EUR     59.770
HSBC Trinkaus & Burkhar      6.700   6/28/2019    EUR     69.700
HSBC Trinkaus & Burkhar      5.800   6/28/2019    EUR     70.760
HSBC Trinkaus & Burkhar      7.400   6/28/2019    EUR     65.160
HSBC Trinkaus & Burkhar      5.000   6/28/2019    EUR     67.000
HSBC Trinkaus & Burkhar      2.600   6/28/2019    EUR     73.540
HSBC Trinkaus & Burkhar      9.800   9/27/2019    EUR     71.730
HSBC Trinkaus & Burkhar      8.600   8/23/2019    EUR     73.730
Commerzbank AG              11.250   7/26/2019    EUR     54.300
Commerzbank AG               9.750   7/26/2019    EUR     62.890
Commerzbank AG               7.500   7/26/2019    EUR     57.610
Commerzbank AG               9.500   7/26/2019    EUR     55.110
Vontobel Financial Prod      7.000   9/27/2019    EUR     69.870
Vontobel Financial Prod     10.500   9/27/2019    EUR     65.780
Credit Suisse AG/Nassau      8.250   11/7/2019    EUR     62.890
Credit Suisse AG/Nassau      7.000   11/8/2019    CHF     72.000
Landesbank Hessen-Thuer      1.950    9/3/2021    EUR     59.670
Goldman Sachs & Co Wert     10.000   6/26/2019    EUR     71.720
Goldman Sachs & Co Wert     15.000   6/26/2019    EUR     65.970
Goldman Sachs & Co Wert     18.000   6/26/2019    EUR     63.690
Goldman Sachs & Co Wert     21.000   6/26/2019    EUR     55.640
Goldman Sachs & Co Wert     10.000   7/24/2019    EUR     72.940
Goldman Sachs & Co Wert     15.000   7/24/2019    EUR     67.560
Goldman Sachs & Co Wert     20.000   7/24/2019    EUR     57.100
Goldman Sachs & Co Wert      6.000   8/21/2019    EUR     72.950
Goldman Sachs & Co Wert     12.000   6/24/2020    EUR     65.610
Goldman Sachs & Co Wert      3.000   5/22/2019    EUR     70.350
Goldman Sachs & Co Wert      5.000   5/22/2019    EUR     61.680
Goldman Sachs & Co Wert      7.000   5/22/2019    EUR     58.180
Goldman Sachs & Co Wert      9.000   5/22/2019    EUR     55.070
Goldman Sachs & Co Wert     13.000   6/24/2020    EUR     54.130
Goldman Sachs & Co Wert     15.000   5/22/2019    EUR     49.920
Goldman Sachs & Co Wert     17.000   5/22/2019    EUR     50.030
Goldman Sachs & Co Wert      3.000   9/25/2019    EUR     67.830
Goldman Sachs & Co Wert      5.000   9/25/2019    EUR     60.290
Goldman Sachs & Co Wert      6.000   9/25/2019    EUR     57.220
Goldman Sachs & Co Wert      8.000   9/25/2019    EUR     54.870
Goldman Sachs & Co Wert     10.000   9/25/2019    EUR     52.840
Goldman Sachs & Co Wert     13.000   9/25/2019    EUR     51.420
Goldman Sachs & Co Wert     18.000   9/25/2019    EUR     48.920
Goldman Sachs & Co Wert      2.000  12/27/2019    EUR     72.270
Goldman Sachs & Co Wert      3.000  12/27/2019    EUR     68.230
Goldman Sachs & Co Wert      4.000  12/27/2019    EUR     68.840
Goldman Sachs & Co Wert      5.000  12/27/2019    EUR     61.460
Goldman Sachs & Co Wert      6.000  12/27/2019    EUR     58.700
Goldman Sachs & Co Wert      7.000  12/27/2019    EUR     56.290
Goldman Sachs & Co Wert      9.000  12/27/2019    EUR     54.780
Goldman Sachs & Co Wert     14.000  12/27/2019    EUR     53.140
Goldman Sachs & Co Wert     16.000  12/27/2019    EUR     52.330
Goldman Sachs & Co Wert     10.000  12/27/2019    EUR     67.330
Goldman Sachs & Co Wert     15.000  12/27/2019    EUR     62.740
Goldman Sachs & Co Wert      6.000   3/25/2020    EUR     72.480
Goldman Sachs & Co Wert      7.000   3/25/2020    EUR     70.120
Goldman Sachs & Co Wert     10.000   3/25/2020    EUR     66.990
Goldman Sachs & Co Wert     13.000   3/25/2020    EUR     64.730
Goldman Sachs & Co Wert      5.000   6/24/2020    EUR     74.460
Goldman Sachs & Co Wert      6.000   6/24/2020    EUR     72.240
Goldman Sachs & Co Wert      7.000   6/24/2020    EUR     70.260
Goldman Sachs & Co Wert     10.000   6/24/2020    EUR     68.070
Goldman Sachs & Co Wert      2.000   3/25/2020    EUR     72.760
Goldman Sachs & Co Wert      3.000   3/25/2020    EUR     68.950
Goldman Sachs & Co Wert      4.000   3/25/2020    EUR     65.530
Goldman Sachs & Co Wert      5.000   3/25/2020    EUR     59.040
Goldman Sachs & Co Wert      6.000   3/25/2020    EUR     56.770
Goldman Sachs & Co Wert      8.000   3/25/2020    EUR     55.670
Goldman Sachs & Co Wert      9.000   3/25/2020    EUR     54.000
Goldman Sachs & Co Wert     15.000   3/25/2020    EUR     52.850
Goldman Sachs & Co Wert      2.000   6/24/2020    EUR     71.570
Goldman Sachs & Co Wert      3.000   6/24/2020    EUR     68.370
Goldman Sachs & Co Wert      4.000   6/24/2020    EUR     65.490
Goldman Sachs & Co Wert      5.000   6/24/2020    EUR     59.640
Goldman Sachs & Co Wert      6.000   6/24/2020    EUR     57.740
Goldman Sachs & Co Wert      7.000   6/24/2020    EUR     56.130
Goldman Sachs & Co Wert      8.000   6/24/2020    EUR     54.770
Goldman Sachs & Co Wert     10.000   6/24/2020    EUR     54.730
Goldman Sachs & Co Wert     22.000   6/26/2019    EUR     44.750
Goldman Sachs & Co Wert      2.000   7/24/2019    EUR     74.720
Goldman Sachs & Co Wert      3.000   7/24/2019    EUR     69.710
Goldman Sachs & Co Wert      5.000   7/24/2019    EUR     61.550
Goldman Sachs & Co Wert      6.000   7/24/2019    EUR     58.210
Goldman Sachs & Co Wert      8.000   7/24/2019    EUR     55.460
Goldman Sachs & Co Wert     15.000   7/24/2019    EUR     49.500
Goldman Sachs & Co Wert     18.000   7/24/2019    EUR     49.850
Goldman Sachs & Co Wert     21.000   7/24/2019    EUR     46.300
Goldman Sachs & Co Wert      2.000   8/21/2019    EUR     72.420
Goldman Sachs & Co Wert      3.000   8/21/2019    EUR     67.620
Goldman Sachs & Co Wert      5.000   8/21/2019    EUR     59.820
Goldman Sachs & Co Wert      6.000   8/21/2019    EUR     56.640
Goldman Sachs & Co Wert      8.000   8/21/2019    EUR     54.090
Goldman Sachs & Co Wert     10.000   8/21/2019    EUR     51.860
Goldman Sachs & Co Wert     14.000   8/21/2019    EUR     50.410
Goldman Sachs & Co Wert     19.000   8/21/2019    EUR     47.420
Goldman Sachs & Co Wert      2.000   9/25/2019    EUR     72.440
Goldman Sachs & Co Wert     24.000   5/22/2019    EUR     44.250
Goldman Sachs & Co Wert      2.000   6/26/2019    EUR     73.800
Goldman Sachs & Co Wert      3.000   6/26/2019    EUR     68.700
Goldman Sachs & Co Wert      5.000   6/26/2019    EUR     60.430
Goldman Sachs & Co Wert      6.000   6/26/2019    EUR     57.050
Goldman Sachs & Co Wert      9.000   6/26/2019    EUR     54.310
Goldman Sachs & Co Wert     14.000   6/26/2019    EUR     49.640
Goldman Sachs & Co Wert     19.000   6/26/2019    EUR     48.010
Goldman Sachs & Co Wert      7.000   8/21/2019    EUR     69.460
Goldman Sachs & Co Wert      9.000   8/21/2019    EUR     66.590
Goldman Sachs & Co Wert     14.000   8/21/2019    EUR     62.020
Goldman Sachs & Co Wert     19.000   8/21/2019    EUR     58.410
Goldman Sachs & Co Wert      6.000   9/25/2019    EUR     73.510
Goldman Sachs & Co Wert      7.000   9/25/2019    EUR     70.140
Goldman Sachs & Co Wert      9.000   9/25/2019    EUR     67.480
Goldman Sachs & Co Wert     15.000   9/25/2019    EUR     61.200
Goldman Sachs & Co Wert     17.000   9/25/2019    EUR     59.570
Goldman Sachs & Co Wert      5.000  12/27/2019    EUR     74.210
Goldman Sachs & Co Wert      7.000  12/27/2019    EUR     71.830
Goldman Sachs & Co Wert      8.000  12/27/2019    EUR     69.140
Leonteq Securities AG       14.800  10/30/2019    USD     58.080
Leonteq Securities AG/G     11.000   1/30/2020    USD     58.570
Vontobel Financial Prod      9.650   7/26/2019    USD     63.740
UBS AG/London                5.250   7/26/2019    CHF     58.650
UBS AG/London               10.000   7/26/2019    CHF     64.500
Commerzbank AG               7.750   6/28/2019    EUR     58.110
Commerzbank AG               9.750   6/28/2019    EUR     55.560
Vontobel Financial Prod     13.000   3/13/2020    EUR     71.340
HSBC Trinkaus & Burkhar     10.100   6/26/2020    EUR     75.650
UBS AG/London                6.000   8/30/2019    CHF     21.780
UniCredit Bank AG            5.000   9/26/2021    EUR     47.340
EFG International Finan      7.400   9/13/2019    USD     45.580
Landesbank Baden-Wuertt      4.250   2/28/2020    EUR     62.100
Leonteq Securities AG/G      5.200   9/11/2019    CHF     55.920
Raiffeisen Centrobank A      6.037   6/25/2019    EUR     13.340
Landesbank Hessen-Thuer      3.000    7/6/2021    EUR     52.000
HSBC Trinkaus & Burkhar     15.000  12/27/2019    EUR     52.600
HSBC Trinkaus & Burkhar     10.200  11/22/2019    EUR     54.310
DZ Bank AG Deutsche Zen     10.750  12/27/2019    EUR     64.710
HSBC Trinkaus & Burkhar      2.000   3/27/2020    EUR     62.490
DZ Bank AG Deutsche Zen      8.000   6/26/2019    EUR     72.020
DZ Bank AG Deutsche Zen     10.000   6/26/2019    EUR     63.980
UBS AG/London                9.000  11/10/2022    USD      5.220
Leonteq Securities AG/G     15.000    9/4/2019    USD     71.110
Bank Julius Baer & Co L      8.700   8/26/2019    CHF     67.150
BNP Paribas Emissions-       4.000   6/27/2019    EUR     62.140
BNP Paribas Emissions-       3.500   9/26/2019    EUR     62.900
BNP Paribas Emissions-       5.000   9/26/2019    EUR     69.770
BNP Paribas Emissions-       6.000   9/26/2019    EUR     66.950
BNP Paribas Emissions-       4.000   6/27/2019    EUR     57.990
BNP Paribas Emissions-       3.000   6/27/2019    EUR     61.180
BNP Paribas Emissions-       4.500   6/27/2019    EUR     56.660
BNP Paribas Emissions-       5.500   6/27/2019    EUR     54.680
BNP Paribas Emissions-       7.000   6/27/2019    EUR     52.900
BNP Paribas Emissions-       3.000   9/26/2019    EUR     61.000
BNP Paribas Emissions-       4.500   9/26/2019    EUR     57.940
BNP Paribas Emissions-       6.500   9/26/2019    EUR     54.660
EFG International Finan      7.200  11/30/2020    EUR     62.770
Corner Banca SA              9.600  11/27/2019    CHF     71.240
BNP Paribas Emissions-       3.000   9/26/2019    EUR     66.040
BNP Paribas Emissions-       8.500   6/27/2019    EUR     71.890
BNP Paribas Emissions-       9.500   6/27/2019    EUR     69.760
BNP Paribas Emissions-      10.000   6/27/2019    EUR     68.750
Commerzbank AG              12.500   9/27/2019    EUR     73.640
BNP Paribas Emissions-      18.000   6/27/2019    EUR     73.030
EFG International Finan      5.550   7/12/2021    USD     53.430
BNP Paribas Emissions-      13.000   6/27/2019    EUR     71.830
BNP Paribas Emissions-      16.000   6/27/2019    EUR     68.600
BNP Paribas Emissions-      16.000   9/26/2019    EUR     72.400
BNP Paribas Emissions-      17.000   9/26/2019    EUR     69.630
BNP Paribas Emissions-      12.000  12/30/2019    EUR     73.790
DZ Bank AG Deutsche Zen      4.500   6/26/2019    EUR     59.750
BNP Paribas Emissions-       8.500   6/27/2019    EUR     66.680
BNP Paribas Emissions-      11.000   6/27/2019    EUR     66.920
BNP Paribas Emissions-      15.000   6/27/2019    EUR     61.080
BNP Paribas Emissions-      18.000   6/27/2019    EUR     58.670
BNP Paribas Emissions-       6.000   9/26/2019    EUR     70.220
UBS AG/London               13.000  11/25/2019    CHF     53.650
BNP Paribas Emissions-       8.500  12/30/2019    EUR     73.750
BNP Paribas Emissions-       8.000  12/30/2019    EUR     72.450
BNP Paribas Emissions-      11.000   6/27/2019    EUR     67.820
BNP Paribas Emissions-      15.000   6/27/2019    EUR     66.250
UBS AG/London                6.500  11/25/2019    CHF     70.800
BNP Paribas Emissions-      17.000   6/27/2019    EUR     62.850
UBS AG/London                6.750  11/25/2019    EUR     65.950
UBS AG/London                5.000   5/24/2019    CHF     70.700
UBS AG/London                9.500   5/23/2019    EUR     39.100
BNP Paribas Emissions-       9.500   9/26/2019    EUR     71.930
BNP Paribas Emissions-      10.000   9/26/2019    EUR     71.070
BNP Paribas Emissions-      14.000   9/26/2019    EUR     67.710
BNP Paribas Emissions-      15.000   9/26/2019    EUR     66.330
Bayerische Landesbank        2.400  12/20/2019    EUR     66.710
UBS AG/London               13.000   5/23/2019    USD     63.720
Commerzbank AG              13.000   9/27/2019    EUR     70.670
Credit Suisse AG/Nassau      7.500   8/26/2019    CHF     70.020
Leonteq Securities AG        9.400    9/4/2019    CHF     59.780
Zurcher Kantonalbank Fi      8.774   5/31/2019    CHF     32.920
BNP Paribas Emissions-      10.000  12/30/2019    EUR     73.670
BNP Paribas Emissions-       9.500  12/30/2019    EUR     72.400
BNP Paribas Emissions-      11.000  12/30/2019    EUR     71.440
BNP Paribas Emissions-      13.000  12/30/2019    EUR     69.180
BNP Paribas Emissions-      12.000   9/26/2019    EUR     66.050
BNP Paribas Emissions-      16.000   9/26/2019    EUR     62.070
BNP Paribas Emissions-      14.000  12/30/2019    EUR     64.580
Zurcher Kantonalbank Fi      8.900   12/6/2019    CHF     49.840
Vontobel Financial Prod      7.550   6/28/2019    EUR     69.770
UniCredit Bank AG            7.700  11/22/2019    EUR     62.850
UniCredit Bank AG            9.000  11/22/2019    EUR     61.010
Landesbank Baden-Wuertt      3.500  10/25/2019    EUR     71.620
Landesbank Baden-Wuertt      5.000  10/25/2019    EUR     68.690
Landesbank Baden-Wuertt      2.500  10/25/2019    EUR     72.620
Landesbank Baden-Wuertt      4.000  10/25/2019    EUR     69.720
Landesbank Baden-Wuertt      2.000  10/25/2019    EUR     61.940
Landesbank Baden-Wuertt      3.500  10/25/2019    EUR     58.110
Landesbank Baden-Wuertt      5.000  10/25/2019    EUR     54.810
Credit Suisse AG/London      9.250  10/15/2019    USD     74.310
Commerzbank AG              13.500   6/28/2019    EUR     70.320
Commerzbank AG              12.750   7/26/2019    EUR     71.230
Commerzbank AG              11.250   9/27/2019    EUR     73.040
Commerzbank AG               9.750   8/23/2019    EUR     72.380
DekaBank Deutsche Giroz      3.000   10/4/2019    EUR     64.340
Commerzbank AG               7.500   8/23/2019    EUR     55.590
Commerzbank AG              11.500   8/23/2019    EUR     50.530
Commerzbank AG              13.500   8/23/2019    EUR     48.870
Commerzbank AG              16.250   6/28/2019    EUR     72.210
Commerzbank AG              17.250   7/26/2019    EUR     71.460
Bayerische Landesbank        5.500  10/11/2019    EUR     71.870
Commerzbank AG              15.250   5/24/2019    EUR     74.290
Commerzbank AG              15.500   6/28/2019    EUR     73.650
BNP Paribas Emissions-      10.000   9/26/2019    EUR     70.620
BNP Paribas Emissions-      14.000   6/27/2019    EUR     74.210
BNP Paribas Emissions-      13.000   6/27/2019    EUR     60.160
BNP Paribas Emissions-      17.000   6/27/2019    EUR     73.790
BNP Paribas Emissions-       9.000   6/27/2019    EUR     63.820
BNP Paribas Emissions-       6.500   9/26/2019    EUR     67.040
BNP Paribas Emissions-       8.500   9/26/2019    EUR     64.180
BNP Paribas Emissions-       9.000  12/30/2019    EUR     64.350
BNP Paribas Emissions-      12.000  12/30/2019    EUR     62.550
BNP Paribas Emissions-       9.500  12/30/2019    EUR     73.370
Vontobel Financial Prod      8.500   9/27/2019    EUR     52.130
Vontobel Financial Prod      6.500  12/31/2019    EUR     53.020
Vontobel Financial Prod      9.550  12/31/2019    EUR     54.870
BNP Paribas Emissions-       7.000  12/30/2019    EUR     66.870
BNP Paribas Emissions-      12.000  12/30/2019    EUR     62.760
BNP Paribas Emissions-      13.000   9/26/2019    EUR     69.240
BNP Paribas Emissions-      12.000   6/27/2019    EUR     62.250
BNP Paribas Emissions-       4.000   9/26/2019    EUR     73.660
BNP Paribas Emissions-      14.000   9/26/2019    EUR     61.780
BNP Paribas Emissions-       9.000  12/30/2019    EUR     75.330
BNP Paribas Emissions-      11.000   6/27/2019    EUR     63.280
BNP Paribas Emissions-       9.500   9/26/2019    EUR     65.260
BNP Paribas Emissions-      12.000   9/26/2019    EUR     62.050
BNP Paribas Emissions-       7.000  12/30/2019    EUR     68.660
BNP Paribas Emissions-       8.500  12/30/2019    EUR     66.640
BNP Paribas Emissions-       7.500   6/27/2019    EUR     47.030
BNP Paribas Emissions-      11.000   9/26/2019    EUR     71.130
BNP Paribas Emissions-      11.000  12/30/2019    EUR     72.280
BNP Paribas Emissions-      15.000   9/26/2019    EUR     59.480
BNP Paribas Emissions-      16.000   9/26/2019    EUR     74.830
BNP Paribas Emissions-       8.000   9/26/2019    EUR     74.320
BNP Paribas Emissions-       9.500   9/26/2019    EUR     71.580
BNP Paribas Emissions-      13.000   9/26/2019    EUR     67.090
BNP Paribas Emissions-       7.000  12/30/2019    EUR     73.600
BNP Paribas Emissions-       8.500   9/26/2019    EUR     74.640
BNP Paribas Emissions-      14.000   6/27/2019    EUR     72.510
BNP Paribas Emissions-      13.000   9/26/2019    EUR     71.260
BNP Paribas Emissions-       8.500   6/27/2019    EUR     47.130
BNP Paribas Emissions-       6.000   9/26/2019    EUR     50.970
BNP Paribas Emissions-      12.000  12/30/2019    EUR     63.900
BNP Paribas Emissions-      11.000   9/26/2019    EUR     74.080
BNP Paribas Emissions-       8.000   6/27/2019    EUR     70.220
BNP Paribas Emissions-       9.500   9/26/2019    EUR     68.290
BNP Paribas Emissions-      13.000   9/26/2019    EUR     63.710
BNP Paribas Emissions-       7.000  12/30/2019    EUR     71.470
BNP Paribas Emissions-      10.000  12/30/2019    EUR     47.840
Societe Generale Effekt     23.148   6/21/2019    EUR     72.370
Societe Generale Effekt      4.668   6/21/2019    EUR     71.260
Societe Generale Effekt      7.962   9/20/2019    EUR     68.950
Societe Generale Effekt     17.209   9/20/2019    EUR     61.100
Societe Generale Effekt      4.668   6/21/2019    EUR     72.540
Societe Generale Effekt      5.447   6/21/2019    EUR     70.860
Societe Generale Effekt      5.908   9/20/2019    EUR     73.880
Societe Generale Effekt      6.678   9/20/2019    EUR     72.370
Vontobel Financial Prod     14.500    1/3/2020    EUR     69.010
Vontobel Financial Prod     15.000   9/27/2019    EUR     68.630
Societe Generale Effekt     17.723   9/20/2019    EUR     67.040
Vontobel Financial Prod     17.000    1/3/2020    EUR     70.020
Vontobel Financial Prod     16.000    1/3/2020    EUR     71.010
Vontobel Financial Prod     14.500    1/3/2020    EUR     71.770
Vontobel Financial Prod     13.500    1/3/2020    EUR     73.020
Vontobel Financial Prod     12.500    1/3/2020    EUR     73.870
Vontobel Financial Prod     15.000   9/27/2019    EUR     71.630
Vontobel Financial Prod     16.500   9/27/2019    EUR     70.670
Commerzbank AG              16.000   6/28/2019    EUR     49.370
Societe Generale Effekt      4.085   6/21/2019    EUR     52.410
Commerzbank AG               5.000   7/26/2019    EUR     65.120
Societe Generale Effekt      5.641   6/21/2019    EUR     49.320
Commerzbank AG               9.000   7/26/2019    EUR     56.930
Societe Generale Effekt      7.197   6/21/2019    EUR     46.620
Commerzbank AG              13.000   7/26/2019    EUR     52.200
Societe Generale Effekt      9.142   6/21/2019    EUR     44.300
Societe Generale Effekt     13.811   6/21/2019    EUR     40.510
Societe Generale Effekt      5.394   9/20/2019    EUR     53.560
Societe Generale Effekt      6.164   9/20/2019    EUR     51.850
Societe Generale Effekt      6.935   9/20/2019    EUR     50.840
Societe Generale Effekt      7.962   9/20/2019    EUR     49.710
Societe Generale Effekt      8.733   9/20/2019    EUR     48.580
Societe Generale Effekt     10.788   9/20/2019    EUR     46.720
Societe Generale Effekt      9.256  12/20/2019    EUR     51.240
Commerzbank AG              10.000   6/28/2019    EUR     55.190
Commerzbank AG              14.000   6/28/2019    EUR     50.950
DZ Bank AG Deutsche Zen      4.750   9/23/2019    EUR     71.030
DZ Bank AG Deutsche Zen      6.500  12/23/2019    EUR     66.070
Commerzbank AG              16.500   8/23/2019    EUR     74.430
DZ Bank AG Deutsche Zen      5.000  12/23/2019    EUR     69.760
Commerzbank AG               6.000   6/28/2019    EUR     61.980
Commerzbank AG              10.000   9/27/2019    EUR     71.310
Commerzbank AG              12.000   9/27/2019    EUR     68.760
Commerzbank AG              12.250   5/24/2019    EUR     73.830
Commerzbank AG              13.000   6/28/2019    EUR     68.210
Commerzbank AG               9.750   9/27/2019    EUR     70.530
Commerzbank AG              13.750   9/27/2019    EUR     65.200
Vontobel Financial Prod     16.000   6/28/2019    EUR     65.900
Commerzbank AG              15.250   6/28/2019    EUR     58.700
Bank Julius Baer & Co L      9.150   9/18/2019    CHF     55.800
Commerzbank AG              11.750   7/26/2019    EUR     69.290
Commerzbank AG              13.750   7/26/2019    EUR     67.090
Commerzbank AG              11.000   8/23/2019    EUR     69.970
Commerzbank AG              13.000   8/23/2019    EUR     67.620
Leonteq Securities AG       10.000   3/17/2020    CHF     68.040
DZ Bank AG Deutsche Zen     10.250  12/27/2019    EUR     68.970
DZ Bank AG Deutsche Zen      5.250  12/27/2019    EUR     74.480
DZ Bank AG Deutsche Zen      8.500   9/25/2019    EUR     66.050
DZ Bank AG Deutsche Zen      5.250   9/25/2019    EUR     67.250
Vontobel Financial Prod      6.000   9/27/2019    EUR     70.160
Commerzbank AG              10.000   6/28/2019    EUR     63.530
Bank Julius Baer & Co L      8.150  10/18/2019    USD     62.700
Vontobel Financial Prod     16.000    1/3/2020    EUR     63.910
Vontobel Financial Prod     14.000   9/27/2019    EUR     64.170
Luzerner Kantonalbank A     10.000    4/8/2020    CHF     59.150
Vontobel Financial Prod     15.000   9/27/2019    EUR     60.800
HSBC Trinkaus & Burkhar      4.000   9/27/2019    EUR     69.740
HSBC Trinkaus & Burkhar      4.170   3/27/2020    EUR     60.090
Landesbank Baden-Wuertt      2.500   8/28/2020    EUR     70.260
Deutsche Bank AG             4.200   9/24/2019    EUR     43.700
Deutsche Bank AG             4.200  12/24/2019    EUR     48.600
Deutsche Bank AG             4.200   6/25/2019    EUR     72.900
Deutsche Bank AG             4.200  12/24/2019    EUR     73.700
Deutsche Bank AG             4.200   6/25/2019    EUR     69.200
Deutsche Bank AG             4.200   9/24/2019    EUR     64.800
Vontobel Financial Prod      7.500   9/27/2019    EUR     70.880
Vontobel Financial Prod     10.500   6/28/2019    EUR     66.890
Vontobel Financial Prod      8.000   6/28/2019    EUR     70.150
DZ Bank AG Deutsche Zen      7.100   6/24/2019    EUR     73.790
DZ Bank AG Deutsche Zen      7.700   9/23/2019    EUR     73.910
HSBC Trinkaus & Burkhar      7.600  12/27/2019    EUR     65.710
HSBC Trinkaus & Burkhar      7.300   3/27/2020    EUR     66.810
Raiffeisen Centrobank A      5.621   6/25/2019    EUR     70.980
Deutsche Bank AG             4.200  12/24/2019    EUR     60.400
Deutsche Bank AG             4.200   6/25/2019    EUR     73.300
Deutsche Bank AG             4.200   6/25/2019    EUR     63.100
Deutsche Bank AG             4.200   9/24/2019    EUR     68.500
Deutsche Bank AG             4.200   6/25/2019    EUR     72.400
Deutsche Bank AG             4.200   6/25/2019    EUR     46.800
Deutsche Bank AG             4.200   6/25/2019    EUR     42.800
Deutsche Bank AG             4.200   9/24/2019    EUR     58.800
Deutsche Bank AG             4.200   6/25/2019    EUR     55.500
Deutsche Bank AG             4.200   9/24/2019    EUR     59.500
Vontobel Financial Prod      8.180   8/28/2019    EUR     55.140
Vontobel Financial Prod      8.000   9/27/2019    EUR     69.370
UBS AG/London                7.000   8/29/2019    CHF     74.050
UBS AG/London               10.000   8/31/2020    CHF     72.100
DZ Bank AG Deutsche Zen      4.000   9/25/2019    EUR     54.820
DZ Bank AG Deutsche Zen      8.000   6/26/2019    EUR     72.610
Norddeutsche Landesbank      4.000   9/26/2019    EUR     73.240
Vontobel Financial Prod      7.250   9/13/2019    EUR     51.340
Vontobel Financial Prod      2.750   6/14/2019    EUR     63.450
Vontobel Financial Prod      7.800   6/14/2019    EUR     63.770
UBS AG/London               11.000   9/26/2019    CHF     66.600
Vontobel Financial Prod     16.000   6/28/2019    EUR     59.800
Vontobel Financial Prod     16.500   9/27/2019    EUR     60.970
Deutsche Bank AG             6.200  12/24/2019    EUR     45.900
Deutsche Bank AG             6.200   6/25/2019    EUR     63.300
Deutsche Bank AG             6.200   9/24/2019    EUR     69.200
Deutsche Bank AG             6.200   9/24/2019    EUR     60.900
Deutsche Bank AG             6.200  12/24/2019    EUR     70.400
Deutsche Bank AG             6.200  12/24/2019    EUR     66.100
Vontobel Financial Prod     14.000   6/28/2019    EUR     74.660
Vontobel Financial Prod     14.500   9/27/2019    EUR     74.520
Deutsche Bank AG             6.200   6/25/2019    EUR     72.700
Deutsche Bank AG             6.200   9/24/2019    EUR     74.100
Deutsche Bank AG             6.200   6/25/2019    EUR     74.400
Deutsche Bank AG             6.200   9/24/2019    EUR     75.000
Deutsche Bank AG             6.200  12/24/2019    EUR     75.000
Vontobel Financial Prod     15.000    1/3/2020    EUR     72.880
Vontobel Financial Prod     15.000   9/27/2019    EUR     70.260
EFG International Finan      2.000   7/31/2019    EUR     39.990
Leonteq Securities AG/G      2.200    7/1/2019    EUR     39.960
Commerzbank AG               9.000  10/25/2019    EUR     72.910
Commerzbank AG              15.000  10/25/2019    EUR     64.640
Leonteq Securities AG/G      2.080    8/1/2019    EUR     39.940
Commerzbank AG              23.750   6/28/2019    EUR     60.540
Commerzbank AG              21.750   7/26/2019    EUR     62.020
UBS AG/London                7.000  11/18/2019    CHF     60.100
Raiffeisen Schweiz Geno      6.000   5/25/2020    EUR     59.470
EFG International Finan      8.000  11/23/2020    EUR     52.720
EFG International Finan      7.800  11/24/2020    USD     64.620
UBS AG/London                9.000  11/18/2019    CHF     72.600
Raiffeisen Schweiz Geno      8.600   5/28/2020    CHF     65.750
UBS AG/London                6.000   5/18/2020    CHF     63.800
UBS AG/London               10.000   5/18/2020    CHF     55.100
UBS AG/London                7.000   11/8/2019    EUR     66.400
BNP Paribas Emissions-       5.000  12/30/2019    EUR     58.820
BNP Paribas Emissions-       7.000   6/27/2019    EUR     57.800
BNP Paribas Emissions-       5.000  12/30/2019    EUR     72.890
BNP Paribas Emissions-       7.000  12/30/2019    EUR     74.200
BNP Paribas Emissions-       8.000   6/27/2019    EUR     71.810
BNP Paribas Emissions-       4.000   6/27/2019    EUR     68.220
BNP Paribas Emissions-       5.000  12/30/2019    EUR     70.000
BNP Paribas Emissions-       7.000  12/30/2019    EUR     71.650
Landesbank Baden-Wuertt      3.800   8/23/2019    EUR     53.450
Landesbank Baden-Wuertt      2.750  12/29/2020    EUR     71.250
Leonteq Securities AG        5.600   5/16/2022    CHF     73.600
Raiffeisen Schweiz Geno      7.000  11/20/2019    CHF     73.470
EFG International Finan     12.700  11/18/2019    EUR     70.080
Leonteq Securities AG/G      5.400  11/20/2019    EUR     54.420
Credit Suisse AG/Nassau      9.000  11/11/2019    EUR     60.180
Deutsche Bank AG             5.200   6/25/2019    EUR     71.000
Deutsche Bank AG             5.200   6/25/2019    EUR     67.300
Deutsche Bank AG             5.200   6/25/2019    EUR     64.000
Deutsche Bank AG             5.200   6/25/2019    EUR     58.400
Deutsche Bank AG             5.200   6/25/2019    EUR     55.700
Deutsche Bank AG             5.200   6/25/2019    EUR     48.800
Deutsche Bank AG             5.200   6/25/2019    EUR     73.900
Deutsche Bank AG             5.200   6/25/2019    EUR     71.700
Deutsche Bank AG             5.200   6/25/2019    EUR     68.500
Deutsche Bank AG             5.200   6/25/2019    EUR     65.500
Deutsche Bank AG             5.200   6/25/2019    EUR     62.800
Deutsche Bank AG             5.200   6/25/2019    EUR     60.300
Deutsche Bank AG             5.200   6/25/2019    EUR     64.900
Deutsche Bank AG             5.200   6/25/2019    EUR     61.800
Deutsche Bank AG             5.200   6/25/2019    EUR     59.000
Deutsche Bank AG             5.200   6/25/2019    EUR     56.500
Deutsche Bank AG             5.200   6/25/2019    EUR     72.700
Deutsche Bank AG             5.200   6/25/2019    EUR     70.600
Deutsche Bank AG             5.200   6/25/2019    EUR     67.900
Deutsche Bank AG             5.200   6/25/2019    EUR     54.200
Deutsche Bank AG             5.200   6/25/2019    EUR     52.100
Deutsche Bank AG             5.200   6/25/2019    EUR     48.400
Deutsche Bank AG             5.200   6/25/2019    EUR     70.400
Commerzbank AG              13.000   3/13/2023    USD      1.400
Deutsche Bank AG             5.200   6/25/2019    EUR     74.400
Deutsche Bank AG             5.200   6/25/2019    EUR     69.100
Deutsche Bank AG             5.200   6/25/2019    EUR     73.400
Deutsche Bank AG             5.200   6/25/2019    EUR     63.300
Credit Suisse AG/Nassau      6.000   5/21/2019    CHF     62.210
Deutsche Bank AG             5.200   6/25/2019    EUR     55.700
Deutsche Bank AG             5.200   6/25/2019    EUR     53.600
Deutsche Bank AG             5.200   6/25/2019    EUR     51.700
Deutsche Bank AG             5.200   6/25/2019    EUR     50.000
Deutsche Bank AG             5.200   6/25/2019    EUR     54.900
Deutsche Bank AG             5.200   6/25/2019    EUR     57.300
Deutsche Bank AG             4.200   6/25/2019    EUR     70.900
Deutsche Bank AG             4.200   6/25/2019    EUR     55.600
Deutsche Bank AG             4.200   6/25/2019    EUR     71.600
Deutsche Bank AG             4.200   6/25/2019    EUR     65.400
Deutsche Bank AG             4.200   6/25/2019    EUR     61.700
Deutsche Bank AG             4.200   6/25/2019    EUR     72.500
Deutsche Bank AG             4.200   6/25/2019    EUR     54.100
Deutsche Bank AG             4.200   6/25/2019    EUR     52.000
Deutsche Bank AG             4.200   6/25/2019    EUR     74.300
Vontobel Financial Prod      5.500   6/28/2019    EUR     73.730
Deutsche Bank AG             4.200   6/25/2019    EUR     62.900
Deutsche Bank AG             4.200   6/25/2019    EUR     59.900
Deutsche Bank AG             4.200   6/25/2019    EUR     57.200
Deutsche Bank AG             4.200   6/25/2019    EUR     57.800
Deutsche Bank AG             4.200   6/25/2019    EUR     53.500
Landesbank Baden-Wuertt      2.100   8/27/2021    EUR     61.310
DZ Bank AG Deutsche Zen     15.500   6/26/2019    EUR     74.440
DZ Bank AG Deutsche Zen      3.900   6/26/2019    EUR     65.890
DZ Bank AG Deutsche Zen      8.200   6/26/2019    EUR     57.730
DZ Bank AG Deutsche Zen      2.400   6/26/2019    EUR     72.800
DZ Bank AG Deutsche Zen      4.800   6/26/2019    EUR     56.090
DZ Bank AG Deutsche Zen      9.000   6/26/2019    EUR     71.390
Vontobel Financial Prod      5.500   6/28/2019    EUR     72.120
Vontobel Financial Prod      9.750   6/28/2019    EUR     65.920
BNP Paribas Emissions-       9.000   6/27/2019    EUR     47.260
BNP Paribas Emissions-      10.000   6/27/2019    EUR     69.830
BNP Paribas Emissions-       5.500   6/27/2019    EUR     60.260
BNP Paribas Emissions-       9.000   6/27/2019    EUR     53.170
BNP Paribas Emissions-      10.000   6/27/2019    EUR     51.180
BNP Paribas Emissions-       8.500   6/27/2019    EUR     65.970
BNP Paribas Emissions-      10.000   6/27/2019    EUR     70.550
BNP Paribas Emissions-       8.500   6/27/2019    EUR     68.270
BNP Paribas Emissions-      10.000   6/27/2019    EUR     61.540
BNP Paribas Emissions-       6.500   6/27/2019    EUR     54.310
BNP Paribas Emissions-       7.000   6/27/2019    EUR     52.300
BNP Paribas Emissions-       5.000   6/27/2019    EUR     55.700
BNP Paribas Emissions-       6.000   6/27/2019    EUR     53.290
BNP Paribas Emissions-       7.500   6/27/2019    EUR     49.870
BNP Paribas Emissions-       4.500   6/27/2019    EUR     72.900
BNP Paribas Emissions-       5.500   6/27/2019    EUR     70.620
Bank Julius Baer & Co L      5.350   5/29/2019    CHF     66.150
Landesbank Baden-Wuertt      2.800   8/23/2019    EUR     63.730
DZ Bank AG Deutsche Zen      6.500   6/26/2019    EUR     72.670
DZ Bank AG Deutsche Zen     10.500   6/26/2019    EUR     58.600
DZ Bank AG Deutsche Zen      8.750   6/26/2019    EUR     52.730
Landesbank Baden-Wuertt      2.450   8/28/2020    EUR     66.720
Credit Suisse AG/Nassau      8.000    9/2/2019    EUR     58.400
UniCredit Bank AG            4.000   6/28/2019    EUR     53.560
Landesbank Baden-Wuertt      2.200   6/25/2021    EUR     69.440
Bank Julius Baer & Co L      9.000    9/2/2019    EUR     68.200
Credit Suisse AG/Nassau      8.500    9/2/2019    EUR     58.330
Credit Suisse AG/Nassau      8.250    9/2/2019    CHF     57.840
Bank Julius Baer & Co L      6.100   5/23/2019    CHF     60.450
DZ Bank AG Deutsche Zen      8.500   6/26/2019    EUR     60.350
UBS AG/London                9.000  11/15/2019    EUR     49.150
DZ Bank AG Deutsche Zen     11.000   6/26/2019    EUR     64.800
Zurcher Kantonalbank Fi      6.600  11/22/2019    CHF     61.450
BNP Paribas Emissions-       3.000   6/27/2019    EUR     64.680
BNP Paribas Emissions-       3.000   9/26/2019    EUR     64.210
BNP Paribas Emissions-       7.500   9/26/2019    EUR     52.330
BNP Paribas Emissions-       6.000   9/26/2019    EUR     62.380
BNP Paribas Emissions-       3.500   9/26/2019    EUR     72.710
BNP Paribas Emissions-       3.500   6/27/2019    EUR     58.800
BNP Paribas Emissions-       8.000   6/27/2019    EUR     51.200
BNP Paribas Emissions-       3.500   9/26/2019    EUR     59.810
BNP Paribas Emissions-       5.500   9/26/2019    EUR     55.290
BNP Paribas Emissions-       4.000   9/26/2019    EUR     59.310
BNP Paribas Emissions-       3.000   6/27/2019    EUR     66.250
Commerzbank AG               6.750   8/23/2019    EUR     72.580
Commerzbank AG               7.750   8/23/2019    EUR     71.210
Commerzbank AG               8.750   8/23/2019    EUR     69.990
Commerzbank AG              11.250   8/23/2019    EUR     64.560
Vontobel Financial Prod     19.000   9/27/2019    EUR     67.030
Vontobel Financial Prod     14.000  12/31/2019    EUR     62.490
Commerzbank AG               7.750   8/23/2019    EUR     50.780
Vontobel Financial Prod     12.500   9/27/2019    EUR     66.260
Landesbank Hessen-Thuer      3.500   9/28/2022    EUR     71.320
DZ Bank AG Deutsche Zen      6.250   9/23/2019    EUR     72.570
DZ Bank AG Deutsche Zen      8.250  12/23/2019    EUR     66.750
Leonteq Securities AG       10.000  11/27/2019    CHF     69.160
Deutsche Bank AG             6.200   9/24/2019    EUR     70.000
DZ Bank AG Deutsche Zen      5.250  12/23/2019    EUR     73.850
Landesbank Baden-Wuertt      4.870   8/23/2019    EUR     73.940
Vontobel Financial Prod     16.500   9/27/2019    EUR     67.060
DZ Bank AG Deutsche Zen      6.000   9/25/2019    EUR     64.990
DZ Bank AG Deutsche Zen      5.000  12/27/2019    EUR     46.140
Commerzbank AG               9.750   6/28/2019    EUR     73.830
DZ Bank AG Deutsche Zen      8.750   6/26/2019    EUR     69.780
DZ Bank AG Deutsche Zen     10.000   9/25/2019    EUR     74.590
DZ Bank AG Deutsche Zen      6.000   9/25/2019    EUR     59.210
HSBC Trinkaus & Burkhar      7.000    7/5/2019    EUR     46.870
Landesbank Baden-Wuertt      5.000   8/28/2020    EUR     49.650
Landesbank Baden-Wuertt      4.500   8/28/2020    EUR     65.190
Deutsche Bank AG             4.200   6/25/2019    EUR     63.800
Deutsche Bank AG             4.200   9/24/2019    EUR     70.200
Deutsche Bank AG             4.200  12/24/2019    EUR     65.800
Deutsche Bank AG             4.200   6/25/2019    EUR     74.100
Credit Suisse AG/London      4.590   2/28/2020    EUR     67.210
DZ Bank AG Deutsche Zen      7.900   6/24/2019    EUR     72.230
Landesbank Hessen-Thuer      4.650   9/28/2023    EUR     64.240
HSBC Trinkaus & Burkhar      8.200   9/27/2019    EUR     64.100
HSBC Trinkaus & Burkhar     11.600  12/27/2019    EUR     61.630
HSBC Trinkaus & Burkhar     10.600   3/27/2020    EUR     63.310
Raiffeisen Centrobank A      4.664   6/25/2019    EUR     71.750
Commerzbank AG              10.000   8/22/2019    EUR     71.890
Commerzbank AG               7.500   8/23/2019    EUR     73.590
Commerzbank AG               8.500   8/23/2019    EUR     71.900
Deutsche Bank AG             4.200   9/24/2019    EUR     56.500
Deutsche Bank AG             4.200   9/24/2019    EUR     73.700
Deutsche Bank AG             4.200  12/24/2019    EUR     74.300
Deutsche Bank AG             4.200   6/25/2019    EUR     67.600
Deutsche Bank AG             4.200  12/24/2019    EUR     69.200
Deutsche Bank AG             4.200   6/25/2019    EUR     63.100
Deutsche Bank AG             4.200   9/24/2019    EUR     50.800
Deutsche Bank AG             4.200  12/24/2019    EUR     74.200
Deutsche Bank AG             4.200   6/25/2019    EUR     58.100
Credit Suisse AG/London     10.000    9/5/2019    USD     65.890
Vontobel Financial Prod     16.000   9/27/2019    EUR     62.210
Vontobel Financial Prod     13.000   6/28/2019    EUR     63.960
Vontobel Financial Prod     13.500   9/27/2019    EUR     63.880
Vontobel Financial Prod     11.500   9/27/2019    EUR     65.940
Vontobel Financial Prod     10.000   6/28/2019    EUR     66.870
Vontobel Financial Prod     16.000   6/28/2019    EUR     61.330
UBS AG/London               10.000   8/29/2019    CHF     63.550
UBS AG/London                6.000   8/29/2019    CHF     68.550
DZ Bank AG Deutsche Zen      4.900   6/26/2019    EUR     70.390
DZ Bank AG Deutsche Zen      4.800   9/25/2019    EUR     71.370
Leonteq Securities AG/G      9.000  12/10/2019    CHF     71.630
Vontobel Financial Prod      3.900   9/13/2019    EUR     61.220
DZ Bank AG Deutsche Zen      7.000   9/25/2019    EUR     52.950
HSBC Trinkaus & Burkhar      1.620   3/27/2020    EUR     61.770
UBS AG/London               12.000   3/26/2020    EUR     55.600
UBS AG/London                8.000   3/26/2020    CHF     74.150
Commerzbank AG               6.000   8/23/2019    EUR     74.340
Commerzbank AG               8.000   8/23/2019    EUR     71.150
Commerzbank AG               5.750   8/23/2019    EUR     54.620
Deutsche Bank AG             4.200   6/25/2019    EUR     69.700
Deutsche Bank AG             4.200   6/25/2019    EUR     65.700
Deutsche Bank AG             4.200   6/25/2019    EUR     62.900
Deutsche Bank AG             4.200   9/24/2019    EUR     66.300
Deutsche Bank AG             4.200   9/24/2019    EUR     63.500
Deutsche Bank AG             4.200  12/24/2019    EUR     66.900
Deutsche Bank AG             4.200  12/24/2019    EUR     64.300
Deutsche Bank AG             4.200   6/25/2019    EUR     66.100
Commerzbank AG               9.000   8/23/2019    EUR     72.500
Commerzbank AG              11.000   8/23/2019    EUR     68.570
Commerzbank AG              13.000   8/23/2019    EUR     65.440
Deutsche Bank AG             4.200  12/24/2019    EUR     69.000
Deutsche Bank AG             4.200   6/25/2019    EUR     71.400
Deutsche Bank AG             4.200   6/25/2019    EUR     68.100
Deutsche Bank AG             4.200   9/24/2019    EUR     72.100
Deutsche Bank AG             4.200   9/24/2019    EUR     68.900
Deutsche Bank AG             4.200  12/24/2019    EUR     69.500
Deutsche Bank AG             4.200   6/25/2019    EUR     67.500
Deutsche Bank AG             4.200   9/24/2019    EUR     68.400
Commerzbank AG               7.750   8/23/2019    EUR     65.080
Commerzbank AG              11.750   8/23/2019    EUR     60.080
Commerzbank AG               9.000   8/23/2019    EUR     71.150
Commerzbank AG              11.000   8/23/2019    EUR     68.210
Commerzbank AG               9.500   8/23/2019    EUR     65.320
Commerzbank AG              10.250   8/23/2019    EUR     66.430
Commerzbank AG              11.500   8/23/2019    EUR     69.170
Commerzbank AG              10.250   8/23/2019    EUR     64.530
Commerzbank AG              12.250   8/23/2019    EUR     62.090
Commerzbank AG              10.750   8/23/2019    EUR     72.880
Commerzbank AG              12.750   8/23/2019    EUR     69.800
Commerzbank AG              14.750   8/23/2019    EUR     67.400
Commerzbank AG              13.500   8/23/2019    EUR     73.880
Commerzbank AG              19.500   8/23/2019    EUR     64.270
Commerzbank AG              11.750   8/23/2019    EUR     68.640
Commerzbank AG               5.750   8/23/2019    EUR     74.130
Commerzbank AG               7.250   8/23/2019    EUR     71.970
UniCredit Bank AG            5.750   9/18/2019    EUR     68.390
UniCredit Bank AG            6.200   9/18/2019    EUR     72.780
DZ Bank AG Deutsche Zen      8.250   6/26/2019    EUR     68.350
Vontobel Financial Prod     11.000   9/27/2019    EUR     69.050
Credit Suisse AG             8.000  11/29/2019    USD      9.750
DZ Bank AG Deutsche Zen      8.250   9/23/2019    EUR     64.960
Deutsche Bank AG             6.200   6/25/2019    EUR     67.700
Deutsche Bank AG             6.200  12/24/2019    EUR     70.200
Deutsche Bank AG             6.200  12/24/2019    EUR     65.500
DZ Bank AG Deutsche Zen      6.750  12/23/2019    EUR     73.410
DZ Bank AG Deutsche Zen      5.500   9/23/2019    EUR     72.910
DZ Bank AG Deutsche Zen      6.750   9/23/2019    EUR     67.430
Bank Julius Baer & Co L      6.150   12/5/2019    CHF     64.400
Bank Julius Baer & Co L      4.950    9/4/2019    CHF     71.700
DZ Bank AG Deutsche Zen      9.000   9/25/2019    EUR     71.350
DZ Bank AG Deutsche Zen     12.500   9/25/2019    EUR     72.570
DZ Bank AG Deutsche Zen      5.500   6/26/2019    EUR     57.680
DZ Bank AG Deutsche Zen      4.000   9/25/2019    EUR     64.280
DZ Bank AG Deutsche Zen      8.500   9/25/2019    EUR     59.780
DZ Bank AG Deutsche Zen      4.500   6/26/2019    EUR     72.220
DZ Bank AG Deutsche Zen      4.500   9/25/2019    EUR     69.530
DZ Bank AG Deutsche Zen      5.000   9/25/2019    EUR     44.890
DZ Bank AG Deutsche Zen     13.000   6/26/2019    EUR     70.770
DZ Bank AG Deutsche Zen      4.800   6/26/2019    EUR     66.430
DZ Bank AG Deutsche Zen      4.000   9/25/2019    EUR     67.850
DZ Bank AG Deutsche Zen      7.500   9/25/2019    EUR     71.340
Commerzbank AG               8.000   8/23/2019    EUR     73.470
Commerzbank AG               9.000   8/23/2019    EUR     71.900
Raiffeisen Centrobank A      6.620   3/24/2020    EUR     71.850
Landesbank Baden-Wuertt      7.000   8/28/2020    EUR     72.850
Landesbank Baden-Wuertt      3.000   8/28/2020    EUR     54.620
Landesbank Baden-Wuertt      3.500   8/28/2020    EUR     66.340
Danske Bank A/S             10.300    7/9/2023    SEK     69.800
Landesbank Baden-Wuertt      6.000   8/28/2020    EUR     71.690
Deutsche Bank AG             4.200  12/24/2019    EUR     51.700
Deutsche Bank AG             4.200   9/24/2019    EUR     73.300
Landesbank Baden-Wuertt      5.000   8/28/2020    EUR     71.250
Deutsche Bank AG             4.200  12/24/2019    EUR     71.100
Deutsche Bank AG             4.200   9/24/2019    EUR     74.300
Deutsche Bank AG             4.200  12/24/2019    EUR     73.800
Vontobel Financial Prod      8.500    1/3/2020    EUR     70.220
BNP Paribas Emissions-       4.000   6/27/2019    EUR     67.650
BNP Paribas Emissions-      10.000   6/27/2019    EUR     59.870
BNP Paribas Emissions-      12.000   6/27/2019    EUR     56.620
BNP Paribas Emissions-       4.000   9/26/2019    EUR     68.540
BNP Paribas Emissions-       7.500   6/27/2019    EUR     73.840
Raiffeisen Switzerland       5.600   11/2/2020    CHF     69.050
BNP Paribas Emissions-       7.000   6/27/2019    EUR     73.880
BNP Paribas Emissions-       9.500   6/27/2019    EUR     71.320
BNP Paribas Emissions-       7.500  12/30/2019    EUR     74.620
BNP Paribas Emissions-      12.000   9/26/2019    EUR     67.290
BNP Paribas Emissions-       9.000   9/26/2019    EUR     70.590
BNP Paribas Emissions-      10.000   9/26/2019    EUR     68.280
BNP Paribas Emissions-      10.000  12/30/2019    EUR     71.100
BNP Paribas Emissions-       4.000   6/27/2019    EUR     71.680
BNP Paribas Emissions-      10.000   9/26/2019    EUR     63.290
BNP Paribas Emissions-       8.500   9/26/2019    EUR     60.990
BNP Paribas Emissions-       9.500   9/26/2019    EUR     59.860
BNP Paribas Emissions-      10.000   9/26/2019    EUR     58.630
BNP Paribas Emissions-       8.000  12/30/2019    EUR     63.700
BNP Paribas Emissions-       6.500   9/26/2019    EUR     63.490
Raiffeisen Schweiz Geno      6.000    3/5/2020    CHF     68.330
Raiffeisen Schweiz Geno      9.500   9/11/2019    CHF     64.780
Landesbank Hessen-Thuer      3.250   9/27/2019    EUR     75.500
Commerzbank AG               8.500   8/23/2019    EUR     73.890
Commerzbank AG               9.500   8/23/2019    EUR     72.480
Commerzbank AG               6.750   8/23/2019    EUR     72.730
Commerzbank AG               8.250   8/23/2019    EUR     63.660
Commerzbank AG               8.000   8/23/2019    EUR     66.700
Commerzbank AG              10.000   8/23/2019    EUR     63.810
Commerzbank AG              11.500   8/23/2019    EUR     67.810
Commerzbank AG               7.500   8/23/2019    EUR     69.420
Commerzbank AG               7.000   8/23/2019    EUR     72.620
Commerzbank AG               3.750   8/23/2019    EUR     60.380
Deutsche Bank AG             4.200   9/24/2019    EUR     69.600
Deutsche Bank AG             4.200   9/24/2019    EUR     66.400
Deutsche Bank AG             4.200  12/24/2019    EUR     69.900
Deutsche Bank AG             4.200  12/24/2019    EUR     66.800
Commerzbank AG              15.000   8/23/2019    EUR     62.720
Deutsche Bank AG             4.200  12/24/2019    EUR     72.500
Commerzbank AG               9.500   8/23/2019    EUR     70.080
Commerzbank AG              11.500   8/23/2019    EUR     67.410
Commerzbank AG               3.750   8/23/2019    EUR     73.890
Commerzbank AG               5.750   8/23/2019    EUR     68.770
Commerzbank AG               9.750   8/23/2019    EUR     62.300
Commerzbank AG               5.500   8/23/2019    EUR     72.270
Commerzbank AG               7.500   8/23/2019    EUR     68.250
Commerzbank AG              11.500   8/23/2019    EUR     62.930
Commerzbank AG              10.750   8/23/2019    EUR     74.130
Commerzbank AG              12.750   8/23/2019    EUR     71.010
Commerzbank AG               6.250   8/23/2019    EUR     71.560
Commerzbank AG               8.250   8/23/2019    EUR     67.560
Commerzbank AG               8.250   8/23/2019    EUR     69.190
Commerzbank AG              17.500   8/23/2019    EUR     66.960
Commerzbank AG               9.750   8/23/2019    EUR     71.160
Commerzbank AG               9.250   8/23/2019    EUR     67.790
Commerzbank AG              13.250   8/23/2019    EUR     61.950
Vontobel Financial Prod     20.000    1/3/2020    EUR     65.330
Vontobel Financial Prod     12.700   9/24/2019    EUR     69.650
Commerzbank AG              11.750   8/23/2019    EUR     45.980
HSBC Trinkaus & Burkhar      4.300   8/23/2019    EUR     74.370
Vontobel Financial Prod     12.000    1/3/2020    EUR     66.320
Vontobel Financial Prod      5.000   11/8/2019    EUR     68.450
DZ Bank AG Deutsche Zen      6.500  12/23/2019    EUR     71.360
DZ Bank AG Deutsche Zen      7.500  12/23/2019    EUR     71.240
Deutsche Bank AG             6.200   9/24/2019    EUR     69.100
Deutsche Bank AG             6.200   6/25/2019    EUR     63.100
Deutsche Bank AG             6.200   9/24/2019    EUR     67.000
Deutsche Bank AG             6.200   9/24/2019    EUR     64.200
DZ Bank AG Deutsche Zen      4.750   9/23/2019    EUR     73.190
DZ Bank AG Deutsche Zen      7.000   9/23/2019    EUR     73.960
DZ Bank AG Deutsche Zen      4.750  12/23/2019    EUR     74.040
Bank Julius Baer & Co L     19.000   12/5/2019    CHF     74.450
Credit Suisse AG/London      5.000   6/23/2020    EUR     61.360
Vontobel Financial Prod     19.500   6/28/2019    EUR     63.290
Vontobel Financial Prod      9.450   8/23/2019    EUR     68.780
Raiffeisen Schweiz Geno      7.200   2/24/2020    CHF     74.660
Vontobel Financial Prod     11.000   6/28/2019    EUR     74.310
Bank Julius Baer & Co L      8.350   8/23/2019    USD     71.150
Commerzbank AG              12.250   7/26/2019    EUR     67.670
Commerzbank AG              14.500   6/28/2019    EUR     59.800
Commerzbank AG              10.750   7/26/2019    EUR     47.090
Commerzbank AG              14.750   7/26/2019    EUR     43.600
Commerzbank AG              11.250   5/24/2019    EUR     72.780
Vontobel Financial Prod      8.000  12/31/2019    EUR     68.640
Vontobel Financial Prod      7.000  12/31/2019    EUR     73.020
Leonteq Securities AG/G     12.600   12/4/2019    USD     75.260
EFG International Finan     12.000    9/5/2019    CHF     57.130
Vontobel Financial Prod      4.600   4/15/2020    EUR     64.350
Raiffeisen Schweiz Geno      7.300    3/5/2020    CHF     73.190
Raiffeisen Schweiz Geno      7.000   12/6/2019    CHF     63.900
Commerzbank AG               5.500   9/27/2019    EUR     68.010
Commerzbank AG               4.500   8/23/2019    EUR     67.400
Commerzbank AG               6.500   8/23/2019    EUR     63.900
Commerzbank AG               8.500   8/23/2019    EUR     61.360
Commerzbank AG              10.500   8/23/2019    EUR     59.350
Commerzbank AG              14.750   8/23/2019    EUR     61.270
Commerzbank AG               6.250   8/23/2019    EUR     68.070
Commerzbank AG               6.000   8/23/2019    EUR     70.400
Commerzbank AG              12.000   8/23/2019    EUR     61.520
Commerzbank AG               9.500   8/23/2019    EUR     70.720
Commerzbank AG               8.500   8/23/2019    EUR     68.140
Commerzbank AG               9.500   8/23/2019    EUR     66.990
Commerzbank AG              11.750   8/23/2019    EUR     72.490
Commerzbank AG               9.500   8/23/2019    EUR     72.330
Commerzbank AG               6.250   8/23/2019    EUR     72.930
UBS AG/London               10.000   11/7/2019    CHF     70.800
Commerzbank AG              15.500   8/23/2019    EUR     70.140
UniCredit Bank AG            4.750   9/18/2020    EUR     68.060
Commerzbank AG               9.750   8/23/2019    EUR     48.050
Landesbank Baden-Wuertt      5.500   8/23/2019    EUR     71.620
Vontobel Financial Prod     17.500   9/27/2019    EUR     59.140
Vontobel Financial Prod     13.000   9/27/2019    EUR     65.090
Vontobel Financial Prod     21.500   6/28/2019    EUR     55.150
Vontobel Financial Prod      8.500   9/27/2019    EUR     62.870
Vontobel Financial Prod     15.500   6/28/2019    EUR     62.910
Bank Julius Baer & Co L     10.750   9/19/2019    EUR     74.150
Vontobel Financial Prod     13.000   6/28/2019    EUR     58.570
Vontobel Financial Prod      4.000   9/27/2019    EUR     72.720
Vontobel Financial Prod      5.000   9/27/2019    EUR     69.780
Vontobel Financial Prod      6.500   9/27/2019    EUR     67.270
Vontobel Financial Prod      8.000   9/27/2019    EUR     64.990
Vontobel Financial Prod     14.500   9/27/2019    EUR     58.070
Vontobel Financial Prod     12.500   9/27/2019    EUR     59.410
Vontobel Financial Prod     11.000   9/27/2019    EUR     61.090
Vontobel Financial Prod     15.000   6/28/2019    EUR     73.360
Vontobel Financial Prod     14.500   9/27/2019    EUR     65.460
Vontobel Financial Prod      5.000   6/28/2019    EUR     68.660
Vontobel Financial Prod      3.500   6/28/2019    EUR     71.920
Vontobel Financial Prod     15.000  12/31/2019    EUR     56.830
Vontobel Financial Prod     13.500   9/27/2019    EUR     65.450
HSBC Trinkaus & Burkhar      3.900  12/27/2019    EUR     53.370
Vontobel Financial Prod     12.000   6/28/2019    EUR     71.330
Vontobel Financial Prod     11.000   9/27/2019    EUR     73.250
Vontobel Financial Prod     14.500   9/27/2019    EUR     74.480
Vontobel Financial Prod     14.000   9/27/2019    EUR     74.300
Vontobel Financial Prod     11.500   8/23/2019    EUR     73.810
Vontobel Financial Prod     13.000   8/23/2019    EUR     70.700
Vontobel Financial Prod     15.500   8/23/2019    EUR     68.060
Vontobel Financial Prod     11.500   8/23/2019    EUR     70.000
Vontobel Financial Prod      9.500   8/23/2019    EUR     59.030
Vontobel Financial Prod     11.000   8/23/2019    EUR     58.000
UBS AG/London                7.500   9/21/2020    USD     61.060
UBS AG/London               10.000   9/19/2019    EUR     65.500
DZ Bank AG Deutsche Zen      9.500   6/26/2019    EUR     74.200
Vontobel Financial Prod     10.500   9/27/2019    EUR     66.710
Vontobel Financial Prod      9.000   9/27/2019    EUR     68.020
Landesbank Baden-Wuertt      7.300   8/23/2019    EUR     67.280
Raiffeisen Switzerland       8.000   9/25/2019    USD     72.750
Commerzbank AG               8.500   7/26/2019    EUR     49.800
Commerzbank AG              10.500   7/26/2019    EUR     47.560
Commerzbank AG               7.750   7/26/2019    EUR     62.520
Commerzbank AG              11.750   7/26/2019    EUR     72.960
Commerzbank AG              10.500   7/26/2019    EUR     65.250
Commerzbank AG               7.000   7/26/2019    EUR     62.830
Commerzbank AG               9.000   7/26/2019    EUR     59.970
Commerzbank AG               7.500   7/26/2019    EUR     59.950
Commerzbank AG               9.500   7/26/2019    EUR     56.170
Commerzbank AG               7.500   7/26/2019    EUR     70.320
Commerzbank AG               9.500   7/26/2019    EUR     66.410
Commerzbank AG              11.500   7/26/2019    EUR     63.350
Commerzbank AG               6.250   7/26/2019    EUR     70.170
Commerzbank AG               7.250   7/26/2019    EUR     67.860
Commerzbank AG               5.500   7/26/2019    EUR     69.590
Commerzbank AG              11.500   7/26/2019    EUR     59.370
Commerzbank AG               8.750   7/26/2019    EUR     58.780
Commerzbank AG               3.000   7/26/2019    EUR     72.500
Commerzbank AG               3.500   7/26/2019    EUR     62.280
Commerzbank AG               4.500   7/26/2019    EUR     59.820
Commerzbank AG               5.500   7/26/2019    EUR     57.870
Commerzbank AG               6.500   7/26/2019    EUR     56.200
Commerzbank AG               7.500   7/26/2019    EUR     54.800
Commerzbank AG               8.500   7/26/2019    EUR     53.600
Commerzbank AG               9.500   7/26/2019    EUR     52.510
Commerzbank AG              10.000   7/26/2019    EUR     57.830
Commerzbank AG              12.000   7/26/2019    EUR     55.060
Commerzbank AG               6.250   7/26/2019    EUR     67.190
Commerzbank AG               6.750   7/26/2019    EUR     73.360
Commerzbank AG               4.000   7/26/2019    EUR     68.110
Commerzbank AG               6.000   7/26/2019    EUR     63.000
Commerzbank AG               4.000   7/26/2019    EUR     67.890
Commerzbank AG               6.000   7/26/2019    EUR     63.390
Commerzbank AG               9.250   7/26/2019    EUR     48.800
Commerzbank AG               7.000   7/26/2019    EUR     72.420
Commerzbank AG               8.250   7/26/2019    EUR     74.070
Commerzbank AG              12.000   7/26/2019    EUR     70.920
Commerzbank AG               2.100   8/28/2020    EUR     74.140
Landesbank Baden-Wuertt      2.000   8/23/2019    EUR     66.320
Landesbank Baden-Wuertt      2.000   8/23/2019    EUR     51.860
Landesbank Baden-Wuertt      4.000   8/23/2019    EUR     47.390
Landesbank Baden-Wuertt      5.000   8/23/2019    EUR     56.410
Landesbank Baden-Wuertt      3.500   8/23/2019    EUR     34.450
Landesbank Baden-Wuertt      4.000   8/23/2019    EUR     59.920
Landesbank Baden-Wuertt      5.000   8/23/2019    EUR     57.440
Landesbank Baden-Wuertt      5.000   7/24/2020    EUR     59.570
Landesbank Baden-Wuertt      2.650   2/28/2020    EUR     64.290
Leonteq Securities AG/G      5.000    9/8/2020    CHF     47.870
Landesbank Hessen-Thuer      3.000   10/9/2019    EUR     59.500
Leonteq Securities AG/G      6.200   3/11/2020    CHF     59.040
UniCredit Bank AG            3.500   9/19/2021    EUR     57.790
Landesbank Baden-Wuertt      2.500   8/23/2019    EUR     71.940
Landesbank Baden-Wuertt      5.000   8/23/2019    EUR     60.130
Landesbank Baden-Wuertt      3.500   8/23/2019    EUR     60.940
Landesbank Baden-Wuertt      3.000   8/23/2019    EUR     48.680
Landesbank Baden-Wuertt      2.000   8/23/2019    EUR     38.400
Landesbank Baden-Wuertt      2.000   8/23/2019    EUR     68.380
Landesbank Baden-Wuertt      3.000   8/23/2019    EUR     63.490
Landesbank Baden-Wuertt      5.000   8/23/2019    EUR     57.320
Landesbank Baden-Wuertt      3.500   8/23/2019    EUR     68.240
Landesbank Baden-Wuertt      6.500   8/23/2019    EUR     53.500
Landesbank Baden-Wuertt      3.000   7/24/2020    EUR     63.420
EFG International Finan      5.800   8/31/2020    EUR     66.200
DekaBank Deutsche Giroz      2.000   9/18/2020    EUR     60.450
Societe Generale Effekt      4.060   9/20/2019    EUR     63.990
Societe Generale Effekt      8.684   3/20/2020    EUR     63.240
Societe Generale Effekt     11.986   6/19/2020    EUR     66.050
Societe Generale Effekt     14.041   6/19/2020    EUR     63.910
Leonteq Securities AG/G      5.000   8/25/2020    CHF     64.960
Societe Generale Effekt     11.799  12/20/2019    EUR     75.750
DekaBank Deutsche Giroz      2.000   9/18/2020    EUR     61.220
HSBC Trinkaus & Burkhar      1.250   4/22/2020    EUR     74.060
Vontobel Financial Prod     14.500   3/27/2020    EUR     71.964
Deutsche Bank AG             8.200   9/24/2019    EUR     69.800
Deutsche Bank AG             8.200  12/24/2019    EUR     71.200
Deutsche Bank AG             8.200   3/24/2020    EUR     72.700
Deutsche Bank AG             8.200   9/22/2020    EUR     72.600
Vontobel Financial Prod     14.500  12/13/2019    EUR     69.270
Leonteq Securities AG/G      9.200   9/11/2019    CHF     54.490
Natixis SA                   2.310   8/23/2019    EUR     68.540
HSBC Trinkaus & Burkhar     13.100   3/27/2020    EUR     54.520
HSBC Trinkaus & Burkhar      7.900   3/27/2020    EUR     57.410
HSBC Trinkaus & Burkhar     12.600   6/26/2020    EUR     57.030
HSBC Trinkaus & Burkhar      9.100   2/28/2020    EUR     56.180
DekaBank Deutsche Giroz      3.650   3/27/2020    EUR     55.430
DZ Bank AG Deutsche Zen      8.750  10/23/2019    EUR     50.700
Vontobel Financial Prod     12.500   3/27/2020    EUR     71.350
Vontobel Financial Prod     16.500    1/3/2020    EUR     70.201
Deutsche Bank AG             8.200   6/25/2019    EUR     68.200
Deutsche Bank AG             8.200   6/23/2020    EUR     71.000
Deutsche Bank AG             8.200  12/22/2020    EUR     74.400
Vontobel Financial Prod      7.500   3/27/2020    EUR     71.090
Commerzbank AG               3.900   3/23/2022    USD      5.450
DekaBank Deutsche Giroz      2.600   3/13/2020    EUR     65.170
EFG International Finan      8.000   10/7/2019    EUR     70.310
DZ Bank AG Deutsche Zen      8.400   6/28/2019    EUR     28.280
UniCredit Bank AG            5.200    5/4/2020    USD     36.670
DekaBank Deutsche Giroz      2.800   3/13/2020    EUR     58.330
Raiffeisen Schweiz Geno      5.000    4/3/2020    CHF     40.170
Landesbank Hessen-Thuer      3.000   8/22/2019    EUR     66.500
Landesbank Hessen-Thuer      3.150   5/11/2022    EUR     69.060
Credit Suisse AG/Nassau      8.250   7/19/2019    CHF     61.990
DekaBank Deutsche Giroz      4.250    5/3/2022    EUR     65.260
DZ Bank AG Deutsche Zen      7.200   6/24/2019    EUR     68.750
DZ Bank AG Deutsche Zen      6.300   6/24/2019    EUR     63.310
Vontobel Financial Prod     13.000   3/27/2020    EUR     75.008
EFG International Finan      6.000   8/24/2020    CHF     59.720
Landesbank Baden-Wuertt      3.500   2/28/2020    EUR     69.260
Leonteq Securities AG/G      6.000   8/18/2020    CHF     59.420
Zurcher Kantonalbank Fi      5.000   8/12/2019    CHF     20.580
Leonteq Securities AG/G     13.000    8/4/2020    CHF     67.840
DekaBank Deutsche Giroz      4.400   2/21/2020    EUR     56.710
Societe Generale Effekt      3.190   6/21/2019    EUR     58.280
Societe Generale Effekt      7.647  12/20/2019    EUR     62.120
Societe Generale Effekt      9.832  12/20/2019    EUR     59.720
Societe Generale Effekt     10.925   3/20/2020    EUR     61.100
Societe Generale Effekt     18.584   9/20/2019    EUR     74.230
UniCredit Bank AG            4.300   8/24/2021    EUR     60.070
Bank Julius Baer & Co L      7.300   8/16/2019    USD     56.600
UniCredit Bank AG            5.250   9/19/2020    EUR     60.740
Bayerische Landesbank        2.700   9/18/2020    EUR     60.160
Societe Generale Effekt      5.778   9/20/2019    EUR     60.380
Societe Generale Effekt      5.899  12/20/2019    EUR     65.340
Societe Generale Effekt     12.017  12/20/2019    EUR     57.790
Societe Generale Effekt      4.879   6/21/2019    EUR     74.300
Societe Generale Effekt     15.295  12/20/2019    EUR     73.740
Getin Noble Bank SA          5.790   7/26/2024    PLN     75.000
Vontobel Financial Prod      7.000   8/28/2019    EUR     52.220
Landesbank Hessen-Thuer      3.500    9/8/2022    EUR     66.640
Landesbank Hessen-Thuer      4.000    3/8/2021    EUR     56.200
Raiffeisen Switzerland       5.000   8/14/2020    EUR     46.560
Landesbank Hessen-Thuer      4.500    9/8/2021    EUR     67.110
UBS AG/London               11.500    8/9/2019    CHF     67.750
Vontobel Financial Prod      9.500   2/28/2020    EUR     69.960
Landesbank Hessen-Thuer      4.400  12/22/2022    EUR     60.280
Commerzbank AG              12.000   6/28/2019    EUR     55.050
Commerzbank AG               9.000   5/24/2019    EUR     73.480
UniCredit Bank AG            3.500  11/22/2019    EUR     69.420
UniCredit Bank AG            4.200  11/22/2019    EUR     68.890
Commerzbank AG               8.000   7/26/2019    EUR     74.900
Commerzbank AG               9.000   7/26/2019    EUR     73.330
Commerzbank AG               4.500   7/26/2019    EUR     56.540
Commerzbank AG               6.500   7/26/2019    EUR     52.630
Commerzbank AG              12.500   7/26/2019    EUR     45.610
Commerzbank AG               3.750   7/26/2019    EUR     70.280
Commerzbank AG               4.750   7/26/2019    EUR     67.790
Commerzbank AG               5.750   7/26/2019    EUR     65.760
Commerzbank AG               6.750   7/26/2019    EUR     64.020
Commerzbank AG               8.750   7/26/2019    EUR     61.180
Commerzbank AG               9.750   7/26/2019    EUR     59.980
Commerzbank AG               6.500   7/26/2019    EUR     71.960
Commerzbank AG               8.500   7/26/2019    EUR     68.150
Commerzbank AG               4.000   7/26/2019    EUR     69.250
Commerzbank AG               5.000   7/26/2019    EUR     66.670
Commerzbank AG               6.000   7/26/2019    EUR     64.560
Commerzbank AG               8.000   7/26/2019    EUR     61.310
Commerzbank AG               5.500   7/26/2019    EUR     64.920
Commerzbank AG              11.500   7/26/2019    EUR     53.560
Commerzbank AG               4.250   7/26/2019    EUR     74.480
Commerzbank AG               5.250   7/26/2019    EUR     72.110
Commerzbank AG               7.250   7/26/2019    EUR     68.520
Commerzbank AG              10.000   7/26/2019    EUR     56.960
Commerzbank AG               7.500   7/26/2019    EUR     65.160
Commerzbank AG               9.500   7/26/2019    EUR     61.910
Commerzbank AG               8.250   7/26/2019    EUR     63.210
Commerzbank AG              10.250   7/26/2019    EUR     60.360
Commerzbank AG               3.750   7/26/2019    EUR     68.490
Commerzbank AG               4.750   7/26/2019    EUR     65.530
Commerzbank AG               5.750   7/26/2019    EUR     63.200
Commerzbank AG               6.750   7/26/2019    EUR     61.370
Commerzbank AG               7.750   7/26/2019    EUR     59.990
Commerzbank AG               6.000   7/26/2019    EUR     65.990
Commerzbank AG               8.000   7/26/2019    EUR     61.240
Commerzbank AG               4.250   7/26/2019    EUR     72.690
Commerzbank AG               9.250   7/26/2019    EUR     63.910
Commerzbank AG              11.250   7/26/2019    EUR     60.720
Commerzbank AG               8.000   7/26/2019    EUR     59.570
Commerzbank AG               8.000   7/26/2019    EUR     60.110
Commerzbank AG              10.000   7/26/2019    EUR     57.430
Commerzbank AG               3.250   7/26/2019    EUR     57.730
Commerzbank AG               4.250   7/26/2019    EUR     55.440
Commerzbank AG               5.250   7/26/2019    EUR     53.640
Commerzbank AG               6.250   7/26/2019    EUR     52.150
Commerzbank AG               7.250   7/26/2019    EUR     50.870
Commerzbank AG               8.250   7/26/2019    EUR     49.770
Commerzbank AG               9.000   7/26/2019    EUR     67.870
Commerzbank AG              11.000   7/26/2019    EUR     64.180
Commerzbank AG              13.000   7/26/2019    EUR     61.240
Commerzbank AG              11.000   7/26/2019    EUR     72.770
Landesbank Hessen-Thuer      3.000   9/11/2019    EUR     63.400
Societe Generale SA          8.000    8/9/2022    USD     39.550
Leonteq Securities AG/G      6.200   8/11/2020    CHF     65.490
Leonteq Securities AG/G      9.400   8/14/2019    CHF     45.440
UniCredit Bank AG            3.200   9/10/2022    EUR     64.710
Landesbank Baden-Wuertt      2.600   9/24/2021    EUR     67.210
Vontobel Financial Prod     13.000    1/3/2020    EUR     63.572
Vontobel Financial Prod     10.000   3/27/2020    EUR     64.790
Vontobel Financial Prod     10.500    1/3/2020    EUR     62.990
DekaBank Deutsche Giroz      2.800   4/24/2020    EUR     58.240
Leonteq Securities AG        8.000  10/10/2019    USD     38.830
Landesbank Hessen-Thuer      4.700   2/24/2023    EUR     59.710
Leonteq Securities AG/G      6.400   11/3/2021    CHF     61.980
Commerzbank AG               1.000   11/2/2020    USD     10.050
Commerzbank AG               2.850  10/26/2020    EUR     69.870
Landesbank Hessen-Thuer      3.000    6/4/2021    EUR     70.200
Banque Cantonale Vaudoi      8.900   11/8/2019    CHF     61.200
Landesbank Hessen-Thuer      4.000    6/4/2021    EUR     49.000
Raiffeisen Schweiz Geno      5.000   11/6/2019    CHF     54.040
HSBC Trinkaus & Burkhar      5.000   6/28/2019    EUR     63.860
HSBC Trinkaus & Burkhar      4.700   6/28/2019    EUR     59.280
HSBC Trinkaus & Burkhar      4.100   6/28/2019    EUR     59.660
HSBC Trinkaus & Burkhar      3.400   6/28/2019    EUR     60.610
HSBC Trinkaus & Burkhar      5.100   6/28/2019    EUR     65.630
HSBC Trinkaus & Burkhar      3.100   6/28/2019    EUR     70.470
HSBC Trinkaus & Burkhar      4.500   6/28/2019    EUR     63.630
Landesbank Baden-Wuertt      2.450   7/24/2020    EUR     63.430
Landesbank Baden-Wuertt      2.500   1/28/2022    EUR     66.390
Leonteq Securities AG        6.800   5/11/2021    EUR     63.850
Leonteq Securities AG       10.000   8/14/2019    CHF     73.780
Vontobel Financial Prod      8.500   6/28/2019    EUR     71.720
UniCredit Bank AG            7.300    1/3/2020    EUR     63.290
UniCredit Bank AG            4.900    1/3/2020    EUR     67.120
UniCredit Bank AG           12.100    1/3/2020    EUR     42.410
UniCredit Bank AG           11.200    1/3/2020    EUR     74.300
UniCredit Bank AG            6.200  12/29/2020    EUR     67.150
UniCredit Bank AG            7.400  12/29/2020    EUR     72.290
UniCredit Bank AG            8.800  12/29/2020    EUR     62.780
UniCredit Bank AG           11.000    1/3/2020    EUR     68.890
UniCredit Bank AG           11.800    1/3/2020    EUR     61.010
UniCredit Bank AG            5.700    1/3/2020    EUR     56.360
UniCredit Bank AG            5.400    1/3/2020    EUR      9.670
UniCredit Bank AG           11.000    1/3/2020    EUR     72.680
UniCredit Bank AG            5.100    1/3/2020    EUR     65.300
UniCredit Bank AG           12.900    1/3/2020    EUR     56.170
UniCredit Bank AG           11.400    1/3/2020    EUR     70.120
UniCredit Bank AG            5.900    1/3/2020    EUR     63.960
UniCredit Bank AG            6.500    1/3/2020    EUR     70.650
UniCredit Bank AG            7.600    1/3/2020    EUR     62.440
UniCredit Bank AG            7.500  12/29/2020    EUR     73.720
UniCredit Bank AG            8.400  12/29/2020    EUR     68.450
UniCredit Bank AG            9.800  12/29/2020    EUR     72.850
DekaBank Deutsche Giroz      6.000   5/29/2020    EUR     70.700
UniCredit Bank AG            9.800  12/29/2020    EUR     66.210
UniCredit Bank AG            7.600  12/29/2020    EUR     53.150
UniCredit Bank AG            6.700  12/29/2020    EUR     54.340
Credit Suisse AG/London      2.900  10/28/2019    USD     66.200
UniCredit Bank AG            8.700  12/29/2020    EUR     18.690
UniCredit Bank AG            8.800  12/29/2020    EUR     58.130
UniCredit Bank AG           11.000  12/29/2020    EUR     69.890
UniCredit Bank AG           11.500  12/29/2020    EUR     69.330
UniCredit Bank AG           10.000  12/29/2020    EUR     73.650
UniCredit Bank AG            8.900  12/29/2020    EUR     38.760
UniCredit Bank AG            7.300  12/29/2020    EUR     62.540
UniCredit Bank AG            9.100  12/29/2020    EUR     61.420
UniCredit Bank AG            6.600  12/29/2020    EUR     63.230
UniCredit Bank AG            6.800  12/29/2020    EUR     63.890
UniCredit Bank AG            8.300  12/29/2020    EUR     60.810
UniCredit Bank AG            7.000  12/29/2020    EUR     71.790
UniCredit Bank AG            8.400  12/29/2020    EUR     64.580
UniCredit Bank AG            8.500  12/29/2020    EUR     62.600
UniCredit Bank AG            7.500  12/29/2020    EUR     63.880
UniCredit Bank AG           12.000  12/29/2020    EUR     48.880
UniCredit Bank AG            8.300  12/29/2020    EUR     63.080
UniCredit Bank AG           13.900  12/29/2020    EUR     47.190
UniCredit Bank AG            8.400  12/29/2020    EUR     64.220
UniCredit Bank AG            8.100  12/29/2020    EUR     55.710
Landesbank Baden-Wuertt      6.000  10/25/2019    EUR     70.330
Landesbank Baden-Wuertt      3.500  10/25/2019    EUR     62.690
Landesbank Baden-Wuertt      6.000  10/25/2019    EUR     54.400
Landesbank Baden-Wuertt      3.500  10/25/2019    EUR     32.910
Landesbank Baden-Wuertt      4.500  10/25/2019    EUR     71.570
Landesbank Baden-Wuertt      2.500  10/25/2019    EUR     58.580
Landesbank Baden-Wuertt      3.500  10/25/2019    EUR     56.460
Bank Julius Baer & Co L      5.850   5/22/2019    CHF     74.400
Landesbank Baden-Wuertt      4.500  10/25/2019    EUR     64.390
Landesbank Baden-Wuertt      5.000  10/25/2019    EUR     72.740
Landesbank Baden-Wuertt      5.000  10/25/2019    EUR     68.730
Landesbank Baden-Wuertt      5.000  10/25/2019    EUR     59.540
UniCredit Bank AG            5.700  11/27/2019    EUR     48.290
BNP Paribas Emissions-      12.000   6/27/2019    EUR     41.250
BNP Paribas Emissions-      12.000   6/27/2019    EUR     70.740
BNP Paribas Emissions-      13.000   6/27/2019    EUR     70.110
BNP Paribas Emissions-       9.000   6/27/2019    EUR     57.900
BNP Paribas Emissions-       4.500  12/30/2019    EUR     66.850
BNP Paribas Emissions-       8.500  12/30/2019    EUR     58.930
BNP Paribas Emissions-       9.500  12/30/2019    EUR     62.440
BNP Paribas Emissions-       8.500   6/27/2019    EUR     63.200
BNP Paribas Emissions-       9.500   6/27/2019    EUR     68.010
BNP Paribas Emissions-       4.500   6/27/2019    EUR     71.600
BNP Paribas Emissions-      10.000   6/27/2019    EUR     59.820
BNP Paribas Emissions-       4.500  12/30/2019    EUR     73.360
BNP Paribas Emissions-       5.500  12/30/2019    EUR     69.970
BNP Paribas Emissions-      11.000  12/30/2019    EUR     73.970
BNP Paribas Emissions-       7.500  12/30/2019    EUR     65.840
BNP Paribas Emissions-      11.000  12/30/2019    EUR     71.230
BNP Paribas Emissions-       7.500   6/27/2019    EUR     54.150
BNP Paribas Emissions-       8.000  12/30/2019    EUR     65.490
BNP Paribas Emissions-       4.000   6/27/2019    EUR     65.300
BNP Paribas Emissions-      11.000   6/27/2019    EUR     73.310
BNP Paribas Emissions-       5.500   6/27/2019    EUR     59.030
BNP Paribas Emissions-       8.000   6/27/2019    EUR     53.830
BNP Paribas Emissions-       4.000   6/27/2019    EUR     64.700
BNP Paribas Emissions-       8.500   6/27/2019    EUR     69.650
Commerzbank AG               8.000   11/6/2020    USD      2.390
BNP Paribas Emissions-       5.000   6/27/2019    EUR     33.620
BNP Paribas Emissions-       3.000   6/27/2019    EUR     65.220
BNP Paribas Emissions-       9.000   6/27/2019    EUR     55.890
BNP Paribas Emissions-      13.000   6/27/2019    EUR     71.130
BNP Paribas Emissions-       7.000   6/27/2019    EUR     50.440
BNP Paribas Emissions-       9.500  12/30/2019    EUR     73.410
HSBC Trinkaus & Burkhar      7.800   6/28/2019    EUR     56.080
HSBC Trinkaus & Burkhar      4.700   6/28/2019    EUR     55.760
HSBC Trinkaus & Burkhar      3.800  12/27/2019    EUR     57.320
HSBC Trinkaus & Burkhar      5.300   6/26/2020    EUR     58.230
HSBC Trinkaus & Burkhar      7.000  12/27/2019    EUR     74.220
HSBC Trinkaus & Burkhar      5.800   6/28/2019    EUR     50.080
Raiffeisen Schweiz Geno      5.200    1/6/2021    CHF     69.100
Raiffeisen Schweiz Geno      5.000    7/6/2020    CHF     64.150
Bank Julius Baer & Co L     10.000   10/7/2019    USD     57.050
Leonteq Securities AG/G     11.600  10/16/2019    CHF     66.800
Commerzbank AG              12.750   7/26/2019    EUR     59.150
Commerzbank AG              12.250   6/28/2019    EUR     68.910
Vontobel Financial Prod      8.500   6/28/2019    EUR     72.690
Vontobel Financial Prod     10.000   6/28/2019    EUR     71.040
Vontobel Financial Prod      6.500   6/28/2019    EUR     75.370
Vontobel Financial Prod      8.500   6/28/2019    EUR     71.900
Vontobel Financial Prod     10.000   6/28/2019    EUR     70.030
Vontobel Financial Prod     11.500   6/28/2019    EUR     68.330
Vontobel Financial Prod     13.500   6/28/2019    EUR     65.780
Vontobel Financial Prod      4.500   6/28/2019    EUR     37.630
Vontobel Financial Prod      6.000   6/28/2019    EUR     36.010
Vontobel Financial Prod      8.500   6/28/2019    EUR     33.900
Vontobel Financial Prod     11.000   6/28/2019    EUR     32.090
Vontobel Financial Prod     13.000   6/28/2019    EUR     31.050
Commerzbank AG              11.500   7/26/2019    EUR     69.960
Commerzbank AG               6.250   8/23/2019    EUR     62.700
Zurcher Kantonalbank Fi      6.000   7/16/2019    EUR     69.080
Deutsche Bank AG             6.200   6/25/2019    EUR     69.500
Deutsche Bank AG             6.200   6/25/2019    EUR     63.400
Deutsche Bank AG             5.200  12/24/2019    EUR     57.800
Deutsche Bank AG             5.200  12/24/2019    EUR     55.800
DZ Bank AG Deutsche Zen      4.200   9/23/2019    EUR     69.380
Vontobel Financial Prod      2.900   6/14/2019    EUR     55.550
Societe Generale SA          7.280    5/6/2024    USD
DZ Bank AG Deutsche Zen      4.700   9/23/2019    EUR     68.810
Commerzbank AG               4.500    7/5/2019    EUR     74.470
Commerzbank AG               8.500    7/5/2019    EUR     69.260
Commerzbank AG              30.000   6/30/2020    USD      0.030
Commerzbank AG               4.750   6/28/2019    EUR     73.850
Commerzbank AG               8.500   7/26/2019    EUR     66.330
Commerzbank AG              12.500   7/26/2019    EUR     65.670
HSBC Trinkaus & Burkhar      5.300   6/28/2019    EUR     62.530
HSBC Trinkaus & Burkhar      6.100  11/22/2019    EUR     66.460
HSBC Trinkaus & Burkhar      4.600   6/28/2019    EUR     66.920
Bank Julius Baer & Co L      6.200   7/10/2019    CHF     63.800
Vontobel Financial Prod      9.200   9/13/2019    EUR     68.160
Norddeutsche Landesbank      4.000   9/26/2019    EUR     70.490
EFG International Finan      6.200   1/11/2021    EUR     71.740
UBS AG/London                6.900   6/27/2019    EUR     72.910
UBS AG/London                7.000   9/26/2019    EUR     46.930
UBS AG/London                7.000   6/27/2019    EUR     45.720
UBS AG/London                4.900   6/27/2019    EUR     57.430
EFG International Finan      7.200   1/25/2021    EUR     64.300
EFG International Finan      8.000   1/29/2020    USD     55.140
Vontobel Financial Prod      8.500   9/27/2019    EUR     61.890
Vontobel Financial Prod      5.500    1/3/2020    EUR     68.470
Vontobel Financial Prod      9.500    1/3/2020    EUR     67.710
UBS AG/London                7.000   6/29/2020    CHF     74.850
UBS AG/London               13.600   6/27/2019    EUR     72.420
UBS AG/London                7.100   6/27/2019    EUR     70.450
BNP Paribas Emissions-       8.500   6/27/2019    EUR     65.970
UBS AG/London               16.000   6/27/2019    EUR     71.460
UBS AG/London               16.400   6/27/2019    EUR     70.310
BNP Paribas Emissions-       9.500   6/27/2019    EUR     68.340
BNP Paribas Emissions-      11.000   6/27/2019    EUR     66.680
BNP Paribas Emissions-       9.000   6/27/2019    EUR     49.090
BNP Paribas Emissions-       6.000   6/27/2019    EUR     58.260
UBS AG/London               16.900   6/27/2019    EUR     50.080
UBS AG/London                6.300   6/27/2019    EUR     60.610
UBS AG/London               20.800   6/27/2019    EUR     53.620
UBS AG/London               19.000   6/27/2019    EUR     55.310
BNP Paribas Emissions-       6.500   6/27/2019    EUR     55.190
BNP Paribas Emissions-      11.000   6/27/2019    EUR     47.570
UBS AG/London               13.300   6/27/2019    EUR     57.520
BNP Paribas Emissions-       8.500   6/27/2019    EUR     44.050
BNP Paribas Emissions-       8.500   6/27/2019    EUR     49.360
BNP Paribas Emissions-       9.000   6/27/2019    EUR     47.700
BNP Paribas Emissions-      11.000   6/27/2019    EUR     46.310
BNP Paribas Emissions-      10.000   6/27/2019    EUR     74.670
BNP Paribas Emissions-       6.500   6/27/2019    EUR     69.460
BNP Paribas Emissions-       9.500   6/27/2019    EUR     60.350
BNP Paribas Emissions-      12.000   6/27/2019    EUR     57.300
BNP Paribas Emissions-       8.500   6/27/2019    EUR     72.610
BNP Paribas Emissions-      12.000   6/27/2019    EUR     64.640
Vontobel Financial Prod      7.500  12/13/2019    EUR     59.330
BNP Paribas Emissions-       7.000   6/27/2019    EUR     56.240
UBS AG/London               23.200   6/27/2019    EUR     70.620
UBS AG/London                2.700   6/27/2019    EUR     69.560
Vontobel Financial Prod      7.000   6/28/2019    EUR     55.950
Landesbank Hessen-Thuer      2.750    6/9/2020    EUR     69.200
Leonteq Securities AG/G     13.600    7/9/2019    USD     58.320
Deutsche Bank AG             6.200   6/25/2019    EUR     72.200
Deutsche Bank AG             6.200   6/25/2019    EUR     61.400
Deutsche Bank AG             6.200  12/24/2019    EUR     69.800
Deutsche Bank AG             6.200  12/24/2019    EUR     67.600
Deutsche Bank AG             6.200  12/24/2019    EUR     56.400
Vontobel Financial Prod     11.300   6/14/2019    EUR     64.980
DZ Bank AG Deutsche Zen      6.300   6/24/2019    EUR     64.660
DZ Bank AG Deutsche Zen      4.700   9/23/2019    EUR     68.270
Commerzbank AG               4.250    7/5/2019    EUR     69.870
Commerzbank AG               6.750   6/28/2019    EUR     69.360
Commerzbank AG               7.250   6/28/2019    EUR     70.270
Commerzbank AG               6.500   7/26/2019    EUR     69.840
Commerzbank AG              10.000   6/28/2019    EUR     70.430
Commerzbank AG              12.000   6/28/2019    EUR     67.240
Commerzbank AG              10.500   7/26/2019    EUR     68.690
Vontobel Financial Prod      5.350   6/14/2019    EUR     49.450
HSBC Trinkaus & Burkhar      8.700   9/27/2019    EUR     71.750
Landesbank Hessen-Thuer      6.000   9/21/2023    EUR     69.020
DZ Bank AG Deutsche Zen      8.250  12/27/2019    EUR     64.760
HSBC Trinkaus & Burkhar      8.100   6/28/2019    EUR     70.460
UBS AG/London                6.750   1/17/2020    CHF     57.700
HSBC Trinkaus & Burkhar      5.800   8/23/2019    EUR     73.240
Landesbank Baden-Wuertt      3.250   6/26/2020    EUR     53.880
HSBC Trinkaus & Burkhar      2.600   6/28/2019    EUR     70.500
HSBC Trinkaus & Burkhar      6.800   9/27/2019    EUR     51.510
DZ Bank AG Deutsche Zen      7.500  12/27/2019    EUR     64.750
Bank Julius Baer & Co L      9.100    9/9/2019    CHF     58.350
UBS AG/London                9.750   9/27/2019    CHF     55.900
EFG International Finan     11.000   7/18/2019    EUR     70.250
BNP Paribas Emissions-       7.000   6/27/2019    EUR     69.060
BNP Paribas Emissions-       9.500   6/27/2019    EUR     71.650
BNP Paribas Emissions-       8.500   6/27/2019    EUR     67.410
UBS AG/London                4.500   6/27/2019    EUR     63.730
BNP Paribas Emissions-       9.000   6/27/2019    EUR     69.860
UBS AG/London                4.000   6/27/2019    EUR     70.460
BNP Paribas Emissions-       7.500   6/27/2019    EUR     24.900
BNP Paribas Emissions-       9.000   6/27/2019    EUR     60.100
UBS AG/London                8.700   6/27/2019    EUR     57.890
BNP Paribas Emissions-       6.000   6/27/2019    EUR     25.540
UBS AG/London                3.100    1/2/2020    EUR     68.720
BNP Paribas Emissions-       8.500   6/27/2019    EUR     54.250
UBS AG/London                3.500   9/26/2019    EUR     69.180
BNP Paribas Emissions-       6.000   6/27/2019    EUR     47.400
BNP Paribas Emissions-      10.000   6/27/2019    EUR     66.100
BNP Paribas Emissions-      10.000   6/27/2019    EUR     72.580
BNP Paribas Emissions-      12.000   6/27/2019    EUR     71.020
BNP Paribas Emissions-      11.000   6/27/2019    EUR     71.380
BNP Paribas Emissions-       9.000   6/27/2019    EUR     48.610
UBS AG/London               16.200   6/27/2019    EUR     51.920
BNP Paribas Emissions-       9.000   6/27/2019    EUR     73.830
Vontobel Financial Prod      3.500  12/13/2019    EUR     64.790
BNP Paribas Emissions-       7.000   6/27/2019    EUR     36.100
UBS AG/London                7.800   6/27/2019    EUR     63.890
BNP Paribas Emissions-       7.000   6/27/2019    EUR     66.090
BNP Paribas Emissions-       9.500   6/27/2019    EUR     61.090
UBS AG/London               11.600   6/27/2019    EUR     55.510
UBS AG/London               17.800   6/27/2019    EUR     63.290
BNP Paribas Emissions-      12.000   6/27/2019    EUR     49.260
BNP Paribas Emissions-       5.500   6/27/2019    EUR     67.860
UBS AG/London                2.800   6/27/2019    EUR     67.250
UBS AG/London                3.800   6/27/2019    EUR     73.650
BNP Paribas Emissions-       4.500   6/27/2019    EUR     55.690
BNP Paribas Emissions-       9.500   6/27/2019    EUR     67.710
BNP Paribas Emissions-       6.500   6/27/2019    EUR     51.650
BNP Paribas Emissions-       6.000   6/27/2019    EUR     63.030
BNP Paribas Emissions-       8.000   6/27/2019    EUR     58.450
UBS AG/London               21.200   6/27/2019    EUR     65.790
UBS AG/London               24.500   6/27/2019    EUR     65.800
Credit Suisse AG/Nassau      7.000   1/13/2021    CHF     67.190
Vontobel Financial Prod      8.000   6/28/2019    EUR     67.590
Vontobel Financial Prod      5.500   6/28/2019    EUR     58.560
Bank Julius Baer & Co L     11.000  10/10/2019    EUR     67.350
EFG International Finan     14.000   7/18/2019    USD     62.450
UBS AG/London                5.500   1/17/2020    CHF     67.350
UBS AG/London               11.000   6/29/2020    CHF     64.900
UBS AG/London                6.500   6/29/2020    CHF     69.700
UBS AG/London                4.700   6/27/2019    EUR     71.540
UBS AG/London               20.600   6/27/2019    EUR     73.550
UBS AG/London                3.300   9/26/2019    EUR     68.080
UBS AG/London                2.400   9/26/2019    EUR     72.500
UBS AG/London                3.500   6/27/2019    EUR     72.400
BNP Paribas Emissions-       7.000   6/27/2019    EUR     64.820
BNP Paribas Emissions-       8.000   6/27/2019    EUR     34.250
BNP Paribas Emissions-       7.000   6/27/2019    EUR     74.080
UBS AG/London                5.300   9/26/2019    EUR     72.970
UBS AG/London                3.000   9/26/2019    EUR     70.810
BNP Paribas Emissions-       8.000   6/27/2019    EUR     66.840
BNP Paribas Emissions-       9.000   6/27/2019    EUR     63.060
BNP Paribas Emissions-       6.000   6/27/2019    EUR     59.580
Raiffeisen Schweiz Geno      6.250   1/29/2020    CHF     68.480
Raiffeisen Schweiz Geno      5.900   7/26/2019    EUR     56.800
Leonteq Securities AG/G      8.200   1/29/2020    EUR     56.980
Leonteq Securities AG/G      7.200   7/29/2020    CHF     62.020
Credit Suisse AG/Nassau      9.000  10/14/2019    CHF     66.160
Leonteq Securities AG        9.400  10/16/2019    CHF     64.540
Commerzbank AG               1.000    7/5/2019    EUR     16.880
Vontobel Financial Prod      4.000    8/9/2019    EUR     71.340
Raiffeisen Schweiz Geno      6.900   7/26/2019    CHF     72.540
UBS AG/London                4.800   9/26/2019    EUR     66.270
UBS AG/London               20.300   6/27/2019    EUR     68.470
BNP Paribas Emissions-       5.500   6/27/2019    EUR     72.490
Leonteq Securities AG/G     14.000   1/15/2020    USD     55.220
BNP Paribas Emissions-       7.000   6/27/2019    EUR     70.590
BNP Paribas Emissions-       5.500   6/27/2019    EUR     26.340
UBS AG/London                7.100   6/27/2019    EUR     65.430
BNP Paribas Emissions-       8.500   6/27/2019    EUR     71.830
UBS AG/London                5.000   6/27/2019    EUR     68.680
BNP Paribas Emissions-       9.000   6/27/2019    EUR     70.210
BNP Paribas Emissions-       6.000   6/27/2019    EUR     53.570
UBS AG/London                3.800    1/2/2020    EUR     68.540
BNP Paribas Emissions-       7.500   6/27/2019    EUR     73.050
UBS AG/London                2.200   9/26/2019    EUR     74.430
BNP Paribas Emissions-      11.000   6/27/2019    EUR     50.820
BNP Paribas Emissions-       8.000   6/27/2019    EUR     49.290
BNP Paribas Emissions-      10.000   6/27/2019    EUR     49.250
BNP Paribas Emissions-       6.000   6/27/2019    EUR     53.640
BNP Paribas Emissions-      11.000   6/27/2019    EUR     64.620
BNP Paribas Emissions-      11.000   6/27/2019    EUR     66.100
BNP Paribas Emissions-      13.000   6/27/2019    EUR     68.040
BNP Paribas Emissions-       9.000   6/27/2019    EUR     71.230
BNP Paribas Emissions-       5.500   6/27/2019    EUR     65.680
BNP Paribas Emissions-       7.500   6/27/2019    EUR     60.690
BNP Paribas Emissions-      12.000   6/27/2019    EUR     73.200
Vontobel Financial Prod      6.500  12/13/2019    EUR     74.540
UBS AG/London               24.500   6/27/2019    EUR     63.900
BNP Paribas Emissions-       5.000   6/27/2019    EUR     55.500
Zurcher Kantonalbank Fi      5.750   7/12/2019    CHF     65.440
Raiffeisen Schweiz Geno      8.000   7/19/2019    CHF     64.740
Leonteq Securities AG       10.000  10/16/2019    CHF     64.790
UBS AG/London               12.250   9/27/2019    CHF     56.550
UBS AG/London                8.500   9/27/2019    CHF     57.900
Landesbank Hessen-Thuer      4.000   8/26/2020    EUR     70.600
Vontobel Financial Prod      6.000   6/28/2019    EUR     71.080
Commerzbank AG              11.500   6/28/2019    EUR     60.450
Commerzbank AG               5.000   7/26/2019    EUR     72.270
Vontobel Financial Prod      3.750   6/14/2019    EUR     56.140
Leonteq Securities AG/G      5.500   1/30/2020    CHF     65.720
HSBC Trinkaus & Burkhar      4.400   6/28/2019    EUR     68.150
HSBC Trinkaus & Burkhar      6.400   7/26/2019    EUR     65.290
HSBC Trinkaus & Burkhar      7.700   6/28/2019    EUR     63.490
UBS AG/London                5.750   1/17/2020    EUR     73.650
UniCredit Bank AG            4.130   2/13/2022    EUR     64.910
Credit Suisse AG/London      6.000   7/24/2019    CHF     74.340
UBS AG/London                7.500   6/27/2019    USD     58.510
UBS AG/London                5.750   6/29/2020    CHF     63.700
Commerzbank AG              13.000   7/26/2019    EUR     75.720
Commerzbank AG              14.500   9/27/2019    EUR     73.980
Commerzbank AG               5.750   9/27/2019    EUR     62.690
Commerzbank AG              10.250   7/26/2019    EUR     72.450
Vontobel Financial Prod      7.550  12/31/2019    EUR     72.220
DZ Bank AG Deutsche Zen     11.000  12/27/2019    EUR     73.980
DZ Bank AG Deutsche Zen      8.250   6/26/2019    EUR     71.800
Commerzbank AG              12.500   9/27/2019    EUR     75.940
Raiffeisen Switzerland       5.000   5/29/2019    EUR     50.260
Raiffeisen Centrobank A      3.729   6/25/2019    EUR     72.530
Raiffeisen Centrobank A      6.837   6/25/2019    EUR     15.300
Vontobel Financial Prod     10.500    1/3/2020    EUR     62.850
Bayerische Landesbank        3.200   7/26/2019    EUR     53.630
Vontobel Financial Prod     10.000    1/3/2020    EUR     74.180
Vontobel Financial Prod      9.000   9/27/2019    EUR     68.110
Landesbank Baden-Wuertt      4.000   6/28/2019    EUR     72.010
Landesbank Baden-Wuertt      2.500   6/28/2019    EUR     72.590
Commerzbank AG              18.750   6/28/2019    EUR     74.660
Landesbank Baden-Wuertt      3.000   6/28/2019    EUR     55.730
Landesbank Baden-Wuertt      5.000   6/28/2019    EUR     49.340
Commerzbank AG              13.250   8/23/2019    EUR     53.760
Commerzbank AG              17.250   8/23/2019    EUR     50.710
Commerzbank AG               5.500  10/25/2019    EUR     66.890
Goldman Sachs & Co Wert      3.000   6/26/2019    EUR     63.320
Goldman Sachs & Co Wert      5.000   6/26/2019    EUR     53.210
Goldman Sachs & Co Wert     12.000   6/26/2019    EUR     67.150
Goldman Sachs & Co Wert     13.000   6/26/2019    EUR     64.150
Landesbank Baden-Wuertt      3.650  11/22/2019    EUR     60.610
Commerzbank AG              14.000   6/28/2019    EUR     74.240
Vontobel Financial Prod      9.500  12/31/2019    EUR     73.400
Commerzbank AG              13.750  10/25/2019    EUR     74.820
Raiffeisen Centrobank A      1.241   6/25/2019    EUR     67.720
Raiffeisen Centrobank A      4.966   6/25/2019    EUR     68.650
Raiffeisen Centrobank A      3.972   6/25/2019    EUR     59.980
Raiffeisen Centrobank A      5.967   6/25/2019    EUR     72.350
Vontobel Financial Prod     12.500   9/27/2019    EUR     60.460
UniCredit Bank AG            5.750    7/4/2020    EUR     52.260
Raiffeisen Centrobank A      9.261   6/25/2019    EUR     61.800
HSBC Trinkaus & Burkhar     11.550  10/25/2019    EUR     54.070
Raiffeisen Centrobank A      8.193   6/25/2019    EUR     61.030
Raiffeisen Centrobank A      3.476   6/25/2019    EUR     65.490
Bank Julius Baer & Co L     13.150   12/4/2019    CHF     71.950
HSBC Trinkaus & Burkhar     11.710   6/28/2019    EUR     53.340
Raiffeisen Centrobank A      6.455   6/25/2019    EUR     64.930
Raiffeisen Centrobank A      8.441   6/25/2019    EUR     64.920
Raiffeisen Centrobank A      6.455   6/25/2019    EUR     74.640
Societe Generale SA          3.550   6/24/2019    USD     56.990
Landesbank Hessen-Thuer      5.200   9/30/2022    EUR     51.100
Vontobel Financial Prod     15.000   9/27/2019    EUR     73.890
Raiffeisen Centrobank A      8.826   6/25/2019    EUR     19.140
Raiffeisen Centrobank A      8.329   6/25/2019    EUR     18.630
Vontobel Financial Prod     13.500    1/3/2020    EUR     59.920
Vontobel Financial Prod      7.000   9/27/2019    EUR     70.700
Societe Generale SA          8.000   5/28/2027    USD     33.200
Raiffeisen Centrobank A     10.954   6/25/2019    EUR     55.850
Landesbank Baden-Wuertt      2.500   6/28/2019    EUR     40.040
Landesbank Baden-Wuertt      4.000   6/28/2019    EUR     40.690
Commerzbank AG              11.000  10/25/2019    EUR     66.960
Landesbank Baden-Wuertt      5.000   6/28/2019    EUR     59.280
Landesbank Baden-Wuertt      4.000   6/28/2019    EUR     62.930
Commerzbank AG               7.750   9/27/2019    EUR     58.660
Commerzbank AG               9.750   9/27/2019    EUR     55.580
UniCredit Bank AG            4.350  10/26/2021    EUR     60.530
Vontobel Financial Prod      4.500   6/28/2019    EUR     61.510
Vontobel Financial Prod      7.500   9/27/2019    EUR     69.490
Vontobel Financial Prod     11.500   9/27/2019    EUR     65.420
Vontobel Financial Prod      9.000    1/3/2020    EUR     68.360
Vontobel Financial Prod      7.000    1/3/2020    EUR     68.690
Vontobel Financial Prod      9.500    1/3/2020    EUR     70.790
Vontobel Financial Prod      8.500    1/3/2020    EUR     71.930
Vontobel Financial Prod      9.500   9/27/2019    EUR     70.150
Vontobel Financial Prod      7.000   9/27/2019    EUR     73.130
Vontobel Financial Prod      6.000    1/3/2020    EUR     74.170
Vontobel Financial Prod      7.000   6/28/2019    EUR     74.170
Vontobel Financial Prod      9.000   6/28/2019    EUR     70.510
Vontobel Financial Prod     11.000   6/28/2019    EUR     67.230
Vontobel Financial Prod     13.000   6/28/2019    EUR     64.290
Bank Julius Baer & Co L      8.000    7/8/2019    EUR     59.100
Vontobel Financial Prod      4.500   6/28/2019    EUR     68.260
BNP Paribas Emissions-       7.000   9/26/2019    EUR     68.420
BNP Paribas Emissions-      12.000   9/26/2019    EUR     58.440
Vontobel Financial Prod     10.550   6/28/2019    EUR     54.450
Vontobel Financial Prod     13.000   6/28/2019    EUR     51.150
HSBC Trinkaus & Burkhar      3.500   6/28/2019    EUR     61.890
HSBC Trinkaus & Burkhar      7.600   6/28/2019    EUR     50.940
HSBC Trinkaus & Burkhar      6.500   6/28/2019    EUR     68.340
HSBC Trinkaus & Burkhar      4.000   6/28/2019    EUR     49.500
BNP Paribas Emissions-       4.500   6/27/2019    EUR     69.160
BNP Paribas Emissions-       4.500   9/26/2019    EUR     69.890
BNP Paribas Emissions-       7.500   9/26/2019    EUR     64.570
BNP Paribas Emissions-       6.500  12/30/2019    EUR     65.420
BNP Paribas Emissions-       5.000   9/26/2019    EUR     68.720
BNP Paribas Emissions-       5.500   9/26/2019    EUR     68.120
BNP Paribas Emissions-       8.500   9/26/2019    EUR     63.590
BNP Paribas Emissions-       9.000   9/26/2019    EUR     63.130
HSBC Trinkaus & Burkhar      5.800   6/28/2019    EUR     74.040
HSBC Trinkaus & Burkhar      4.000   6/28/2019    EUR     43.340
Vontobel Financial Prod      8.000   6/28/2019    EUR     52.380
BNP Paribas Emissions-       8.500   6/27/2019    EUR     64.870
BNP Paribas Emissions-      11.000   9/26/2019    EUR     62.410
BNP Paribas Emissions-       7.500  12/30/2019    EUR     68.320
Vontobel Financial Prod      6.000   6/28/2019    EUR     73.100
BNP Paribas Emissions-      10.000   9/26/2019    EUR     73.950
Commerzbank AG               9.500   7/26/2019    EUR     66.650
Vontobel Financial Prod     11.000   6/28/2019    EUR     43.300
Vontobel Financial Prod     11.000   9/27/2019    EUR     74.700
BNP Paribas Emissions-      14.000   9/26/2019    EUR     52.410
BNP Paribas Emissions-       5.500   9/26/2019    EUR     67.260
BNP Paribas Emissions-       5.000  12/30/2019    EUR     69.770
BNP Paribas Emissions-      13.000   9/26/2019    EUR     57.430
DekaBank Deutsche Giroz      2.200    6/7/2019    EUR     62.540
Commerzbank AG               9.000   8/23/2019    EUR     63.500
Commerzbank AG              13.000   8/23/2019    EUR     57.910
Commerzbank AG               4.250   6/28/2019    EUR     70.900
Commerzbank AG               3.750   7/26/2019    EUR     72.980
UniCredit Bank AG            3.250   2/27/2022    EUR     62.700
EFG International Finan     12.000  10/10/2019    CHF     57.360
Bank Julius Baer & Co L     11.600    8/2/2019    USD     51.450
Bank Julius Baer & Co L      5.300   7/24/2019    CHF     61.000
Bank Julius Baer & Co L      5.800   7/24/2019    EUR     61.100
Vontobel Financial Prod     11.000   6/28/2019    EUR     63.300
Bank Julius Baer & Co L     10.000   7/24/2019    EUR     52.800
Vontobel Financial Prod      6.500  12/31/2019    EUR     69.220
Vontobel Financial Prod      2.150   6/14/2019    EUR     71.500
Deutsche Bank AG             6.200   6/25/2019    EUR     67.400
Deutsche Bank AG             6.200  12/24/2019    EUR     71.500
Deutsche Bank AG             6.200   6/25/2019    EUR     74.000
Deutsche Bank AG             6.200   6/25/2019    EUR     60.400
Deutsche Bank AG             6.200  12/24/2019    EUR     66.600
Deutsche Bank AG             6.200   6/25/2019    EUR     50.100
Deutsche Bank AG             6.200  12/24/2019    EUR     56.200
Deutsche Bank AG             6.200  12/24/2019    EUR     72.000
Deutsche Bank AG             6.200  12/24/2019    EUR     71.300
Deutsche Bank AG             6.200   6/25/2019    EUR     71.200
Deutsche Bank AG             6.200  12/24/2019    EUR     73.100
Vontobel Financial Prod      7.350   6/14/2019    EUR     71.190
Vontobel Financial Prod      6.550   6/14/2019    EUR     74.810
Deutsche Bank AG             6.200  12/24/2019    EUR     53.800
Deutsche Bank AG             5.200   6/25/2019    EUR     54.100
Deutsche Bank AG             5.200  12/24/2019    EUR     69.200
DZ Bank AG Deutsche Zen      5.400   9/23/2019    EUR     63.380
Commerzbank AG               7.000   7/26/2019    EUR     67.530
Commerzbank AG              11.000   7/26/2019    EUR     61.330
Commerzbank AG               7.750   7/26/2019    EUR     65.950
Commerzbank AG              11.750   7/26/2019    EUR     58.960
Landesbank Baden-Wuertt      2.650   1/27/2023    EUR     72.010
Commerzbank AG               5.500   6/28/2019    EUR     70.550
Commerzbank AG              10.500   7/26/2019    EUR     63.460
HSBC Trinkaus & Burkhar      7.800   6/28/2019    EUR     71.980
HSBC Trinkaus & Burkhar      6.300   8/23/2019    EUR     65.570
DekaBank Deutsche Giroz      2.900   2/14/2020    EUR     68.430
Vontobel Financial Prod      9.610    7/5/2019    EUR     61.180
Landesbank Hessen-Thuer      4.000   8/26/2020    EUR     56.600
UBS AG/London                5.000   9/27/2019    CHF     72.650
EFG International Finan     10.000   7/29/2019    CHF     51.360
UBS AG/London               11.000   1/10/2020    EUR     53.800
Landesbank Hessen-Thuer      5.200   2/23/2022    EUR     73.570
Raiffeisen Centrobank A     12.395   6/25/2019    EUR     56.150
Vontobel Financial Prod      8.500    1/3/2020    EUR     66.670
Vontobel Financial Prod      7.000    1/3/2020    EUR     72.850
Vontobel Financial Prod      9.000   6/28/2019    EUR     50.490
BNP Paribas Emissions-      10.000   9/26/2019    EUR     64.760
BNP Paribas Emissions-       7.000  12/30/2019    EUR     70.060
BNP Paribas Emissions-      13.000   6/27/2019    EUR     69.910
BNP Paribas Emissions-       8.500   9/26/2019    EUR     75.220
Vontobel Financial Prod     13.000   6/28/2019    EUR     41.020
BNP Paribas Emissions-       4.500   9/26/2019    EUR     69.310
BNP Paribas Emissions-       7.000   9/26/2019    EUR     66.090
BNP Paribas Emissions-       5.500  12/30/2019    EUR     68.890
BNP Paribas Emissions-       6.000   6/27/2019    EUR     66.570
BNP Paribas Emissions-       9.000   9/26/2019    EUR     71.750
EFG International Finan      7.200    2/8/2021    EUR     65.050
Vontobel Financial Prod     11.500   6/28/2019    EUR     65.300
Vontobel Financial Prod      9.550   9/27/2019    EUR     74.500
Vontobel Financial Prod      8.500   6/28/2019    EUR     73.710
Bank Julius Baer & Co L      5.000    8/5/2019    CHF     64.200
Leonteq Securities AG/G     10.000    2/5/2020    EUR     78.430
Vontobel Financial Prod     12.500  12/13/2019    EUR     68.160
Vontobel Financial Prod      6.500   9/13/2019    EUR     71.010
DZ Bank AG Deutsche Zen      4.250   6/26/2019    EUR     66.220
Credit Suisse AG/Nassau      8.000   9/12/2019    USD     64.330
Commerzbank AG               9.750   7/26/2019    EUR     59.960
HSBC Trinkaus & Burkhar      4.200   6/28/2019    EUR     59.180
HSBC Trinkaus & Burkhar      5.200   6/28/2019    EUR     57.570
Leonteq Securities AG/G      7.000    2/5/2020    CHF     27.340
Corner Banca SA              9.000    8/5/2019    CHF     66.390
Leonteq Securities AG       12.000  10/16/2019    CHF     56.660
Vontobel Financial Prod      9.500   6/28/2019    EUR     64.400
Vontobel Financial Prod     11.500   6/28/2019    EUR     61.590
UniCredit Bank AG            3.850   8/12/2019    EUR     63.210
Vontobel Financial Prod      5.500    1/3/2020    EUR     70.930
Bank Julius Baer & Co L      8.250   7/12/2019    USD     53.100
Vontobel Financial Prod      8.500   9/27/2019    EUR     71.680
BNP Paribas Emissions-      10.000   6/27/2019    EUR     60.760
BNP Paribas Emissions-      10.000   9/26/2019    EUR     63.060
BNP Paribas Emissions-      16.000   9/26/2019    EUR     55.370
Vontobel Financial Prod      6.500   6/28/2019    EUR     62.830
Vontobel Financial Prod      8.550   6/28/2019    EUR     58.330
HSBC Trinkaus & Burkhar      5.300   6/28/2019    EUR     54.540
HSBC Trinkaus & Burkhar      2.600   6/28/2019    EUR     61.740
HSBC Trinkaus & Burkhar      5.600   6/28/2019    EUR     57.070
HSBC Trinkaus & Burkhar      2.400   6/28/2019    EUR     54.000
BNP Paribas Emissions-       6.000   6/27/2019    EUR     65.890
BNP Paribas Emissions-       7.500   6/27/2019    EUR     62.940
BNP Paribas Emissions-       6.000   9/26/2019    EUR     67.080
BNP Paribas Emissions-      10.000   9/26/2019    EUR     61.360
BNP Paribas Emissions-       9.000  12/30/2019    EUR     62.960
BNP Paribas Emissions-       4.500   9/26/2019    EUR     69.320
BNP Paribas Emissions-       7.000   9/26/2019    EUR     65.740
BNP Paribas Emissions-       7.500   9/26/2019    EUR     64.550
Vontobel Financial Prod      3.500   6/28/2019    EUR     61.750
Vontobel Financial Prod      5.500   6/28/2019    EUR     56.610
BNP Paribas Emissions-       9.000  12/30/2019    EUR     66.360
Vontobel Financial Prod     13.550   6/28/2019    EUR     61.090
BNP Paribas Emissions-       8.000  12/30/2019    EUR     73.310
Vontobel Financial Prod      9.000   6/28/2019    EUR     45.910
BNP Paribas Emissions-      15.000   6/27/2019    EUR     71.810
BNP Paribas Emissions-       7.000  12/30/2019    EUR     71.910
BNP Paribas Emissions-       7.500   6/27/2019    EUR     39.780
BNP Paribas Emissions-       8.500  12/30/2019    EUR     40.070
Bank Julius Baer & Co L      6.150   1/10/2020    CHF     69.200
HSBC Trinkaus & Burkhar      7.000   6/28/2019    EUR     50.190
HSBC Trinkaus & Burkhar      4.700   6/28/2019    EUR     67.350
HSBC Trinkaus & Burkhar      6.100  12/27/2019    EUR     66.830
UBS AG/London                6.250   1/17/2020    CHF     45.550
Landesbank Baden-Wuertt      2.550   9/27/2019    EUR     62.200
UBS AG/London                7.250   6/27/2019    EUR     59.150
Macquarie International     11.550   8/28/2023    ZAR     19.566
DekaBank Deutsche Giroz      7.000    2/1/2021    EUR     69.150
Leonteq Securities AG        8.000   1/16/2020    CHF     73.550
Vontobel Financial Prod     11.500   9/13/2019    EUR     55.520
Leonteq Securities AG/G     10.600   1/15/2020    CHF     54.000
BNP Paribas Emissions-       4.500   6/27/2019    EUR     69.130
BNP Paribas Emissions-       9.500   6/27/2019    EUR     56.460
UBS AG/London               18.600   6/27/2019    EUR     65.730
BNP Paribas Emissions-       8.000   6/27/2019    EUR     62.940
HSBC Trinkaus & Burkhar      5.300   6/28/2019    EUR     55.110
Vontobel Financial Prod      4.050   6/28/2019    EUR     59.010
Vontobel Financial Prod      6.550   6/28/2019    EUR     54.380
BNP Paribas Emissions-       6.500   9/26/2019    EUR     70.870
BNP Paribas Emissions-       7.000   9/26/2019    EUR     68.780
Vontobel Financial Prod      7.000   6/28/2019    EUR     71.180
Vontobel Financial Prod      6.000   6/28/2019    EUR     52.540
BNP Paribas Emissions-      11.000   9/26/2019    EUR     56.420
Commerzbank AG               7.500   7/26/2019    EUR     69.780
Vontobel Financial Prod     13.000   9/27/2019    EUR     71.890
BNP Paribas Emissions-      11.000   9/26/2019    EUR     72.590
BNP Paribas Emissions-       9.500   9/26/2019    EUR     63.330
BNP Paribas Emissions-       9.000   9/26/2019    EUR     61.810
BNP Paribas Emissions-       8.000  12/30/2019    EUR     69.890
BNP Paribas Emissions-       9.000  12/30/2019    EUR     68.050
Commerzbank AG               6.750   6/28/2019    EUR     70.750
BNP Paribas Emissions-       8.000   9/26/2019    EUR     39.590
BNP Paribas Emissions-       7.000  12/30/2019    EUR     40.870
Commerzbank AG               6.250   6/28/2019    EUR     66.070
BNP Paribas Emissions-       5.500   6/27/2019    EUR     68.440
Commerzbank AG               9.250   8/23/2019    EUR     75.150
Commerzbank AG              12.250   8/23/2019    EUR     55.650
Commerzbank AG               8.000   9/27/2019    EUR     71.930
Vontobel Financial Prod      6.500   6/28/2019    EUR     70.630
EFG International Finan      9.770   5/20/2019    EUR     52.890
Credit Suisse AG/Nassau      8.500    8/2/2019    CHF     63.420
Vontobel Financial Prod     12.000    1/3/2020    EUR     63.730
Zurcher Kantonalbank Fi      5.750   1/30/2020    CHF     26.650
BNP Paribas Emissions-       6.500   6/27/2019    EUR     69.090
BNP Paribas Emissions-       8.000   6/27/2019    EUR     66.950
BNP Paribas Emissions-      13.000   6/27/2019    EUR     59.660
BNP Paribas Emissions-       5.000   9/26/2019    EUR     74.010
BNP Paribas Emissions-       5.500  12/30/2019    EUR     71.320
Landesbank Baden-Wuertt      4.350   7/24/2020    EUR     62.860
Zurcher Kantonalbank Fi      7.000   7/23/2019    EUR     55.950
BNP Paribas Emissions-       8.500  12/30/2019    EUR     71.780
Vontobel Financial Prod      5.000   6/28/2019    EUR     56.770
Vontobel Financial Prod      7.500   6/28/2019    EUR     48.900
Commerzbank AG               6.500   7/26/2019    EUR     71.710
BNP Paribas Emissions-       5.000   9/26/2019    EUR     68.260
BNP Paribas Emissions-       9.000   9/26/2019    EUR     64.150
BNP Paribas Emissions-       6.000   6/27/2019    EUR     42.950
BNP Paribas Emissions-      10.000   6/27/2019    EUR     38.080
BNP Paribas Emissions-       6.500   9/26/2019    EUR     40.980
BNP Paribas Emissions-       6.500  12/30/2019    EUR     42.470
Commerzbank AG              11.000   8/23/2019    EUR     60.580
Commerzbank AG              11.250   8/23/2019    EUR     72.130
Commerzbank AG               7.000   9/27/2019    EUR     73.260
Vontobel Financial Prod      6.000    1/3/2020    EUR     72.080
Vontobel Financial Prod     11.000    1/3/2020    EUR     66.300
Vontobel Financial Prod     10.000    1/3/2020    EUR     64.950
HSBC Trinkaus & Burkhar      5.300   6/28/2019    EUR     65.770
Norddeutsche Landesbank      5.000    5/6/2020    EUR     70.790
BNP Paribas Emissions-       5.000   6/27/2019    EUR     72.670
Vontobel Financial Prod      8.500   6/28/2019    EUR     68.520
Vontobel Financial Prod     11.000   6/28/2019    EUR     64.560
Vontobel Financial Prod      5.000   6/28/2019    EUR     56.770
Commerzbank AG               8.500   7/26/2019    EUR     68.130
BNP Paribas Emissions-       7.500   9/26/2019    EUR     64.660
Vontobel Financial Prod     11.500    1/3/2020    EUR     74.090
BNP Paribas Emissions-       8.000   9/26/2019    EUR     67.590
BNP Paribas Emissions-       5.000   9/26/2019    EUR     43.740
Commerzbank AG               5.750   7/26/2019    EUR     67.450
BNP Paribas Emissions-       4.500   6/27/2019    EUR     70.000
DekaBank Deutsche Giroz      4.900   8/21/2019    EUR     66.220
BNP Paribas Emissions-       5.000   6/27/2019    EUR     42.850
Commerzbank AG               7.000   8/23/2019    EUR     67.940
Commerzbank AG               6.000   8/23/2019    EUR     70.730
Bank Julius Baer & Co L     10.000   7/24/2019    USD     52.450
HSBC Trinkaus & Burkhar      7.500   7/26/2019    EUR     65.370
Credit Suisse AG/London      8.000   7/25/2019    USD     41.890
Zurcher Kantonalbank Fi      3.500   1/23/2020    CHF     24.810
Vontobel Financial Prod      7.500   9/27/2019    EUR     72.090
Vontobel Financial Prod      5.500   9/27/2019    EUR     71.370
Vontobel Financial Prod      7.500  12/31/2019    EUR     69.830
Vontobel Financial Prod     11.000  12/31/2019    EUR     71.960
Vontobel Financial Prod      2.100   6/14/2019    EUR     71.390
Vontobel Financial Prod     13.550   6/14/2019    EUR     72.940
Vontobel Financial Prod      3.650   6/14/2019    EUR     67.390
Vontobel Financial Prod      5.550   6/14/2019    EUR     63.780
Vontobel Financial Prod      6.450   6/14/2019    EUR     62.450
Erste Group Bank AG          6.500   7/29/2019    EUR     57.040
Deutsche Bank AG             6.200   6/25/2019    EUR     71.800
Vontobel Financial Prod     10.050   6/14/2019    EUR     67.430
Deutsche Bank AG             6.200   6/25/2019    EUR     65.700
Deutsche Bank AG             6.200   6/25/2019    EUR     50.100
Deutsche Bank AG             6.200   6/25/2019    EUR     48.700
Vontobel Financial Prod      5.450   6/14/2019    EUR     73.800
Vontobel Financial Prod      3.900   6/14/2019    EUR     74.040
Deutsche Bank AG             5.200  12/24/2019    EUR     52.000
DZ Bank AG Deutsche Zen      4.600   9/23/2019    EUR     64.230
DZ Bank AG Deutsche Zen      7.200   6/24/2019    EUR     63.460
Commerzbank AG               9.000   7/26/2019    EUR     64.090
Commerzbank AG               5.750   7/26/2019    EUR     72.170
DekaBank Deutsche Giroz      2.200   4/20/2020    EUR     69.580
Bayerische Landesbank        2.300    2/7/2020    EUR     73.330
DekaBank Deutsche Giroz      2.000   1/22/2021    EUR     74.430
DekaBank Deutsche Giroz      3.400   1/24/2020    EUR     65.720
UBS AG/London                4.000   6/27/2019    EUR     61.310
UBS AG/London                6.300   6/27/2019    EUR     65.740
UBS AG/London                7.400   6/27/2019    EUR     71.760
UBS AG/London                8.300   6/27/2019    EUR     60.770
Corner Banca SA              7.400   7/22/2020    CHF     65.800
Vontobel Financial Prod      6.900   9/13/2019    EUR     63.560
Vontobel Financial Prod     13.000   9/27/2019    EUR     67.200
Vontobel Financial Prod     12.500    1/3/2020    EUR     67.610
Vontobel Financial Prod     10.500    1/3/2020    EUR     68.880
Zurcher Kantonalbank Fi      4.500   7/11/2019    EUR     70.960
Vontobel Financial Prod     12.000   9/27/2019    EUR     57.860
Corner Banca SA              9.000  12/10/2019    CHF     73.590
Leonteq Securities AG       14.200  12/10/2019    CHF     68.450
DZ Bank AG Deutsche Zen      5.000   6/26/2019    EUR     72.070
DZ Bank AG Deutsche Zen      5.250   9/25/2019    EUR     65.740
DZ Bank AG Deutsche Zen      5.000   9/25/2019    EUR     62.410
Vontobel Financial Prod      9.000   9/27/2019    EUR     68.770
DZ Bank AG Deutsche Zen      5.700   6/26/2019    EUR     69.480
Credit Suisse AG/Nassau      8.250   7/23/2019    CHF     64.430
Leonteq Securities AG/G     10.000   1/13/2020    CHF     62.680
Vontobel Financial Prod     14.500   6/28/2019    EUR     66.950
Bank Julius Baer & Co L      6.000  10/10/2019    CHF     30.400
Leonteq Securities AG       10.200    1/8/2020    CHF     73.790
Commerzbank AG              13.250   6/28/2019    EUR     58.870
EFG International Finan      7.400   1/11/2021    USD     67.670
Credit Suisse AG/London      7.000    1/6/2020    CHF     73.370
Bank Julius Baer & Co L      8.300   7/19/2019    USD     50.850
Vontobel Financial Prod      7.500    1/3/2020    EUR     72.630
Vontobel Financial Prod      9.000    1/3/2020    EUR     70.620
Leonteq Securities AG/G      6.600   1/22/2020    EUR     59.760
Vontobel Financial Prod      8.050   9/13/2019    EUR     74.060
Vontobel Financial Prod     11.500   9/27/2019    EUR     66.220
Vontobel Financial Prod      7.000   9/27/2019    EUR     64.040
Vontobel Financial Prod      7.500    1/3/2020    EUR     63.650
DZ Bank AG Deutsche Zen      7.800   6/26/2019    EUR     68.570
Commerzbank AG               8.750   6/28/2019    EUR     63.420
Commerzbank AG              12.750   6/28/2019    EUR     57.220
Commerzbank AG              11.750   7/26/2019    EUR     67.950
Commerzbank AG               8.500   6/28/2019    EUR     62.820
Commerzbank AG               5.250   5/24/2019    EUR     59.640
Commerzbank AG               9.250   5/24/2019    EUR     53.900
Commerzbank AG               4.000   6/28/2019    EUR     68.890
Commerzbank AG              12.000   6/28/2019    EUR     53.900
Commerzbank AG              14.000   6/28/2019    EUR     51.610
Commerzbank AG               5.500   7/26/2019    EUR     64.970
Commerzbank AG               7.500   7/26/2019    EUR     60.660
Commerzbank AG              11.500   7/26/2019    EUR     54.730
Commerzbank AG              13.500   7/26/2019    EUR     52.420
Commerzbank AG               5.500   7/26/2019    EUR     40.630
Commerzbank AG               7.000   6/28/2019    EUR     72.020
Commerzbank AG               6.000   6/28/2019    EUR     39.520
Vontobel Financial Prod     13.500   9/27/2019    EUR     73.820
Bank Julius Baer & Co L      8.800   1/24/2020    EUR     56.300
Landesbank Baden-Wuertt      3.000   7/24/2020    EUR     68.000
Landesbank Baden-Wuertt      3.500   7/24/2020    EUR     65.190
Landesbank Baden-Wuertt      5.000   7/24/2020    EUR     72.440
Landesbank Baden-Wuertt      4.000   7/24/2020    EUR     69.570
Landesbank Baden-Wuertt      5.000   7/24/2020    EUR     66.680
Landesbank Baden-Wuertt      3.000   7/24/2020    EUR     65.230
Landesbank Baden-Wuertt      5.000   7/24/2020    EUR     73.680
Landesbank Baden-Wuertt      4.350   8/23/2019    EUR     68.170
Landesbank Baden-Wuertt      4.900   8/23/2019    EUR     69.340
DekaBank Deutsche Giroz     10.050   7/11/2019    EUR     42.880
Landesbank Baden-Wuertt      2.500   7/24/2020    EUR     37.730
Landesbank Baden-Wuertt      4.000   7/24/2020    EUR     75.000
Landesbank Baden-Wuertt      3.000   3/26/2021    EUR     59.840
Credit Suisse AG/London      7.000   7/25/2019    EUR     66.450
Vontobel Financial Prod      9.000  12/31/2019    EUR     70.740
Vontobel Financial Prod      4.750   6/14/2019    EUR     65.170
Vontobel Financial Prod      7.900   6/14/2019    EUR     60.580
Vontobel Financial Prod     12.300   6/14/2019    EUR     64.900
Deutsche Bank AG             6.200  12/24/2019    EUR     65.500
Vontobel Financial Prod     10.000   6/14/2019    EUR     69.640
Vontobel Financial Prod     13.900   6/14/2019    EUR     65.280
Deutsche Bank AG             6.200   6/25/2019    EUR     48.400
Deutsche Bank AG             6.200  12/24/2019    EUR     55.500
Deutsche Bank AG             6.200  12/24/2019    EUR     52.200
Deutsche Bank AG             6.200   6/25/2019    EUR     50.600
Vontobel Financial Prod      9.200   6/14/2019    EUR     67.650
Deutsche Bank AG             6.200  12/24/2019    EUR     52.500
Deutsche Bank AG             5.200  12/24/2019    EUR     66.000
Deutsche Bank AG             5.200  12/24/2019    EUR     67.000
EFG International Finan      8.400   1/10/2020    USD     56.560
UBS AG/London                5.400    1/2/2020    EUR     59.840
Vontobel Financial Prod     10.000   9/27/2019    EUR     59.510
Vontobel Financial Prod      7.000   9/27/2019    EUR     64.340
Vontobel Financial Prod     10.500    1/3/2020    EUR     60.360
Vontobel Financial Prod      6.500    1/3/2020    EUR     65.990
Leonteq Securities AG/G     13.000  12/10/2019    USD     66.160
Leonteq Securities AG       12.600  12/10/2019    CHF     60.640
Vontobel Financial Prod     11.500    1/3/2020    EUR     59.890
Raiffeisen Schweiz Geno      8.000   7/19/2019    CHF     48.010
Commerzbank AG              14.500   7/26/2019    EUR     72.740
Commerzbank AG               8.750   6/28/2019    EUR     63.410
Commerzbank AG              10.000   6/28/2019    EUR     70.900
Credit Suisse AG/London      7.000   7/10/2019    CHF     66.590
UniCredit Bank AG            4.400   2/12/2021    EUR     60.770
Landesbank Baden-Wuertt      2.000   7/24/2020    EUR     72.030
Landesbank Baden-Wuertt      5.500   7/24/2020    EUR     66.660
Zurcher Kantonalbank Fi      6.400   7/18/2019    CHF     73.020
Landesbank Baden-Wuertt      2.000   7/24/2020    EUR     70.590
Vontobel Financial Prod     12.000    1/3/2020    EUR     66.170
Vontobel Financial Prod     10.000   9/27/2019    EUR     60.410
Vontobel Financial Prod      8.500   9/27/2019    EUR     62.140
Vontobel Financial Prod     14.000    1/3/2020    EUR     57.940
Raiffeisen Schweiz Geno      5.500   1/22/2020    CHF     67.540
Commerzbank AG              12.000   6/28/2019    EUR     67.410
Commerzbank AG               8.500   6/28/2019    EUR     65.520
Commerzbank AG              10.750   6/28/2019    EUR     60.660
Commerzbank AG               3.250   5/24/2019    EUR     64.200
Commerzbank AG               7.250   5/24/2019    EUR     56.440
Commerzbank AG              10.250   5/24/2019    EUR     67.390
Commerzbank AG              10.000   6/28/2019    EUR     56.400
Commerzbank AG               3.500   7/26/2019    EUR     71.240
Commerzbank AG               9.500   7/26/2019    EUR     57.390
Commerzbank AG               8.000   6/28/2019    EUR     37.090
Commerzbank AG              12.000   6/28/2019    EUR     33.840
Commerzbank AG               9.500   7/26/2019    EUR     36.060
Commerzbank AG               6.000   6/28/2019    EUR     73.930
Commerzbank AG               8.250   6/28/2019    EUR     62.420
Commerzbank AG               4.000   6/28/2019    EUR     42.990
Vontobel Financial Prod      7.300   6/27/2019    EUR     43.520
Leonteq Securities AG/G      8.000   1/17/2020    CHF     53.880
Landesbank Baden-Wuertt      4.000   7/24/2020    EUR     68.820
UniCredit Bank AG            5.000   2/12/2021    EUR     66.780
Landesbank Baden-Wuertt      4.000   7/24/2020    EUR     65.820
Landesbank Baden-Wuertt      3.500   7/24/2020    EUR     72.440
Landesbank Baden-Wuertt      5.000   7/24/2020    EUR     72.500
UniCredit Bank AG            4.550   2/12/2021    EUR     69.380
Landesbank Baden-Wuertt      3.000   3/26/2021    EUR     73.830
Landesbank Baden-Wuertt      3.600  10/25/2019    EUR     58.760
Raiffeisen Schweiz Geno      7.200   3/10/2020    CHF     71.570
Vontobel Financial Prod      5.100   9/13/2019    EUR     70.540
Vontobel Financial Prod      9.000    1/3/2020    EUR     61.920
Vontobel Financial Prod      7.500    1/3/2020    EUR     63.690
Vontobel Financial Prod      7.000    1/3/2020    EUR     71.430
Bank Julius Baer & Co L      7.200    9/6/2019    EUR     68.650
DZ Bank AG Deutsche Zen      5.250   6/26/2019    EUR     64.460
DZ Bank AG Deutsche Zen      6.800   6/26/2019    EUR     65.310
Vontobel Financial Prod      4.500    1/3/2020    EUR     69.500
Vontobel Financial Prod     11.500   9/27/2019    EUR     58.860
DZ Bank AG Deutsche Zen      8.000   6/26/2019    EUR     60.660
Raiffeisen Schweiz Geno      6.450   1/22/2020    CHF     65.240
Commerzbank AG              15.500   5/24/2019    EUR     63.360
Landesbank Baden-Wuertt      3.000   7/24/2020    EUR     71.940
Landesbank Baden-Wuertt      3.000   7/24/2020    EUR     71.780
UniCredit Bank AG            5.900   2/12/2021    EUR     68.050
Landesbank Baden-Wuertt      5.000   7/24/2020    EUR     63.860
Landesbank Baden-Wuertt      2.000   7/24/2020    EUR     68.220
Landesbank Baden-Wuertt      6.500   7/24/2020    EUR     69.980
Landesbank Baden-Wuertt      3.500   7/24/2020    EUR     71.590
Landesbank Baden-Wuertt      4.000   7/24/2020    EUR     35.670
Landesbank Baden-Wuertt      2.700   6/25/2021    EUR     65.550
Vontobel Financial Prod     15.050   9/13/2019    EUR     63.260
Natixis SA                   2.500   7/12/2021    EUR     70.218
UBS AG/London                7.300   6/27/2019    EUR     63.150
Vontobel Financial Prod     10.500   9/27/2019    EUR     69.070
Corner Banca SA             11.000   3/10/2020    CHF     68.440
DZ Bank AG Deutsche Zen      7.100   6/26/2019    EUR     63.490
Raiffeisen Schweiz Geno      7.450   7/19/2019    CHF     66.930
Commerzbank AG              12.500   5/24/2019    EUR     72.350
Commerzbank AG               8.000   6/28/2019    EUR     70.380
Commerzbank AG              10.750   6/28/2019    EUR     60.010
Commerzbank AG               4.750   6/28/2019    EUR     71.100
Commerzbank AG               9.750   7/26/2019    EUR     71.510
Commerzbank AG               9.500   6/28/2019    EUR     64.180
Commerzbank AG              10.500   6/28/2019    EUR     60.110
Commerzbank AG              11.250   5/24/2019    EUR     51.840
Commerzbank AG               8.250   5/24/2019    EUR     70.900
Commerzbank AG              15.250   6/28/2019    EUR     71.850
Commerzbank AG               6.000   6/28/2019    EUR     63.440
Commerzbank AG               8.000   6/28/2019    EUR     59.480
Commerzbank AG              10.000   6/28/2019    EUR     35.240
Commerzbank AG               3.500   7/26/2019    EUR     44.560
Commerzbank AG               7.500   7/26/2019    EUR     37.970
Commerzbank AG              11.500   7/26/2019    EUR     34.660
Raiffeisen Schweiz Geno     10.020   1/15/2020    EUR     58.750
Credit Suisse AG/Nassau      6.000   7/12/2019    CHF     51.660
Commerzbank AG              10.250   8/23/2019    EUR     57.570
Zurcher Kantonalbank Fi      8.500   6/12/2019    EUR     62.150
Vontobel Financial Prod      7.300   6/14/2019    EUR     47.520
Vontobel Financial Prod     12.400   6/14/2019    EUR     43.560
Vontobel Financial Prod      6.200   6/14/2019    EUR     67.850
Vontobel Financial Prod     11.550   6/14/2019    EUR     52.940
DZ Bank AG Deutsche Zen      6.000   6/26/2019    EUR     69.450
Vontobel Financial Prod      5.950   6/14/2019    EUR     46.410
Bank Julius Baer & Co L     10.000    6/5/2019    USD     74.150
Vontobel Financial Prod      4.250   6/14/2019    EUR     73.770
Vontobel Financial Prod      8.350   6/14/2019    EUR     64.440
Vontobel Financial Prod      6.850   6/14/2019    EUR     73.120
Vontobel Financial Prod      4.200   6/14/2019    EUR     51.510
UBS AG/London                5.000  11/22/2019    EUR     60.950
UBS AG/London                5.750  11/23/2020    CHF     65.450
UBS AG/London                6.500   12/7/2020    EUR     68.300
Deutsche Bank AG             7.200   6/25/2019    EUR     74.600
Deutsche Bank AG             7.200   6/25/2019    EUR     71.300
Deutsche Bank AG             7.200  12/24/2019    EUR     74.700
Samaratransneft-Termina     10.000   3/20/2023    RUB      3.010
Credit Suisse AG/Nassau      9.250   6/14/2019    EUR     51.420
UniCredit Bank AG            6.300   3/26/2021    EUR     62.920
Bank Julius Baer & Co L     10.500    9/3/2019    EUR     50.950
Deutsche Bank AG             7.200   6/25/2019    EUR     72.800
Deutsche Bank AG             7.200   6/25/2019    EUR     66.600
Deutsche Bank AG             7.200   6/25/2019    EUR     59.800
UniCredit Bank AG            4.750   3/26/2021    EUR     72.410
UniCredit Bank AG            5.550   3/26/2021    EUR     65.490
UniCredit Bank AG            4.600   3/26/2021    EUR     61.110
Deutsche Bank AG             7.200   6/25/2019    EUR     65.700
Deutsche Bank AG             7.200   6/25/2019    EUR     63.000
Deutsche Bank AG             7.200  12/24/2019    EUR     68.700
Deutsche Bank AG             7.200  12/24/2019    EUR     66.200
Deutsche Bank AG             7.200   6/25/2019    EUR     63.500
Deutsche Bank AG             7.200   6/25/2019    EUR     62.000
Deutsche Bank AG             7.200   6/25/2019    EUR     60.600
Deutsche Bank AG             7.200   6/25/2019    EUR     59.200
Deutsche Bank AG             7.200   6/25/2019    EUR     57.900
Deutsche Bank AG             7.200   6/25/2019    EUR     56.700
Deutsche Bank AG             7.200  12/24/2019    EUR     67.100
Deutsche Bank AG             7.200  12/24/2019    EUR     65.600
Deutsche Bank AG             7.200  12/24/2019    EUR     64.200
Deutsche Bank AG             7.200  12/24/2019    EUR     62.900
Deutsche Bank AG             7.200  12/24/2019    EUR     61.600
Deutsche Bank AG             7.200  12/24/2019    EUR     60.300
Vontobel Financial Prod      6.700    3/7/2022    EUR     63.740
Deutsche Bank AG             7.200   6/25/2019    EUR     72.900
Deutsche Bank AG             7.200   6/25/2019    EUR     56.600
Deutsche Bank AG             7.200  12/24/2019    EUR     60.100
Deutsche Bank AG             7.200   6/25/2019    EUR     73.600
Deutsche Bank AG             7.200   6/25/2019    EUR     70.800
Deutsche Bank AG             7.200   6/25/2019    EUR     68.200
Deutsche Bank AG             7.200  12/24/2019    EUR     74.300
Deutsche Bank AG             7.200  12/24/2019    EUR     71.700
Deutsche Bank AG             7.200   6/25/2019    EUR     63.200
Deutsche Bank AG             7.200   6/25/2019    EUR     60.200
Deutsche Bank AG             7.200   6/25/2019    EUR     57.500
Deutsche Bank AG             7.200  12/24/2019    EUR     65.700
Deutsche Bank AG             7.200  12/24/2019    EUR     63.000
Deutsche Bank AG             7.200  12/24/2019    EUR     60.500
Deutsche Bank AG             7.200   6/25/2019    EUR     50.300
Deutsche Bank AG             7.200   6/25/2019    EUR     48.600
Deutsche Bank AG             7.200   6/25/2019    EUR     45.600
Deutsche Bank AG             7.200  12/24/2019    EUR     53.500
Deutsche Bank AG             7.200  12/24/2019    EUR     51.900
Deutsche Bank AG             7.200  12/24/2019    EUR     48.900
UniCredit Bank AG            4.250   3/29/2021    EUR     65.180
UniCredit Bank AG            3.250   3/29/2022    EUR     35.490
UniCredit Bank AG            3.750   3/26/2022    EUR     70.720
Bank Julius Baer & Co L      9.500    6/7/2019    CHF     73.600
UniCredit Bank AG            3.630   3/12/2020    EUR     65.950
UBS AG/London               12.000    3/9/2020    CHF     47.700
UBS AG/London                9.750    3/9/2020    EUR     57.450
UBS AG/London                7.500    9/9/2019    CHF     59.750
UBS AG/London                7.250    9/9/2019    CHF     69.600
UBS AG/London                5.750    9/9/2019    CHF     72.500
EFG International Finan      6.800   3/22/2021    EUR     70.870
Deutsche Bank AG             6.200   6/25/2019    EUR     72.700
Deutsche Bank AG             4.200   9/24/2019    EUR     63.600
Deutsche Bank AG             6.200   9/24/2019    EUR     64.300
Deutsche Bank AG             6.200   9/24/2019    EUR     61.900
Deutsche Bank AG             4.200   9/24/2019    EUR     61.100
Deutsche Bank AG             4.200   9/24/2019    EUR     58.900
Deutsche Bank AG             6.200   9/24/2019    EUR     59.600
Deutsche Bank AG             4.200  12/24/2019    EUR     67.900
Deutsche Bank AG             6.200  12/24/2019    EUR     69.100
Deutsche Bank AG             4.200  12/24/2019    EUR     65.400
Deutsche Bank AG             4.200  12/24/2019    EUR     63.000
Deutsche Bank AG             4.200  12/24/2019    EUR     60.800
Deutsche Bank AG             6.200   6/25/2019    EUR     65.600
Deutsche Bank AG             4.200   6/25/2019    EUR     62.700
Deutsche Bank AG             4.200   6/25/2019    EUR     60.200
Deutsche Bank AG             4.200   6/25/2019    EUR     57.900
Deutsche Bank AG             6.200   9/24/2019    EUR     66.900
Deutsche Bank AG             4.200   9/24/2019    EUR     66.200
Deutsche Bank AG             6.200   6/25/2019    EUR     56.400
Deutsche Bank AG             6.200   6/25/2019    EUR     52.900
Deutsche Bank AG             6.200   6/25/2019    EUR     71.500
Deutsche Bank AG             6.200   6/25/2019    EUR     65.900
Deutsche Bank AG             6.200   6/25/2019    EUR     75.100
Deutsche Bank AG             6.200   6/25/2019    EUR     55.700
Deutsche Bank AG             6.200   6/25/2019    EUR     65.000
Deutsche Bank AG             6.200   6/25/2019    EUR     61.900
Deutsche Bank AG             6.200   6/25/2019    EUR     59.100
Deutsche Bank AG             4.200   6/25/2019    EUR     58.900
Deutsche Bank AG             6.200   6/25/2019    EUR     56.600
Deutsche Bank AG             4.200   6/25/2019    EUR     56.400
Deutsche Bank AG             4.200   9/24/2019    EUR     65.800
Deutsche Bank AG             6.200   9/24/2019    EUR     66.500
Deutsche Bank AG             6.200   9/24/2019    EUR     63.500
Deutsche Bank AG             4.200   9/24/2019    EUR     62.800
Deutsche Bank AG             6.200   9/24/2019    EUR     60.700
Deutsche Bank AG             4.200   9/24/2019    EUR     60.000
Deutsche Bank AG             4.200   9/24/2019    EUR     57.400
Deutsche Bank AG             6.200   9/24/2019    EUR     58.100
Deutsche Bank AG             4.200  12/24/2019    EUR     67.800
Deutsche Bank AG             6.200  12/24/2019    EUR     69.000
Deutsche Bank AG             6.200  12/24/2019    EUR     66.000
Deutsche Bank AG             4.200  12/24/2019    EUR     64.800
Deutsche Bank AG             6.200  12/24/2019    EUR     63.200
Deutsche Bank AG             4.200  12/24/2019    EUR     62.000
Deutsche Bank AG             6.200  12/24/2019    EUR     60.700
Deutsche Bank AG             4.200  12/24/2019    EUR     59.500
Deutsche Bank AG             4.200   9/24/2019    EUR     73.600
Deutsche Bank AG             4.200   6/25/2019    EUR     48.300
Deutsche Bank AG             6.200   6/25/2019    EUR     45.500
Deutsche Bank AG             4.200   6/25/2019    EUR     45.300
Deutsche Bank AG             6.200   9/24/2019    EUR     49.800
Deutsche Bank AG             4.200   9/24/2019    EUR     49.100
Deutsche Bank AG             6.200   9/24/2019    EUR     46.800
Deutsche Bank AG             4.200   9/24/2019    EUR     46.100
Deutsche Bank AG             4.200  12/24/2019    EUR     51.100
Deutsche Bank AG             4.200  12/24/2019    EUR     48.100
Deutsche Bank AG             6.200  12/24/2019    EUR     49.300
Deutsche Bank AG             6.200   6/25/2019    EUR     60.100
Deutsche Bank AG             4.200   9/24/2019    EUR     63.300
Deutsche Bank AG             6.200   9/24/2019    EUR     64.100
Deutsche Bank AG             6.200   9/24/2019    EUR     61.300
Deutsche Bank AG             4.200   9/24/2019    EUR     60.500
Deutsche Bank AG             4.200   9/24/2019    EUR     58.000
Deutsche Bank AG             4.200  12/24/2019    EUR     64.900
Deutsche Bank AG             6.200  12/24/2019    EUR     66.100
Deutsche Bank AG             4.200  12/24/2019    EUR     62.200
Deutsche Bank AG             6.200  12/24/2019    EUR     63.400
Deutsche Bank AG             4.200  12/24/2019    EUR     59.700
Deutsche Bank AG             6.200   6/25/2019    EUR     30.300
Deutsche Bank AG             6.200   6/25/2019    EUR     27.600
Deutsche Bank AG             6.200   6/25/2019    EUR     49.100
Deutsche Bank AG             6.200   6/25/2019    EUR     45.400
Deutsche Bank AG             6.200   9/24/2019    EUR     75.000
Deutsche Bank AG             4.200   6/25/2019    EUR     66.200
Deutsche Bank AG             4.200   6/25/2019    EUR     61.400
Deutsche Bank AG             4.200   9/24/2019    EUR     67.200
Deutsche Bank AG             6.200   6/25/2019    EUR     61.600
Deutsche Bank AG             4.200   9/24/2019    EUR     73.500
Deutsche Bank AG             6.200   6/25/2019    EUR     56.800
Deutsche Bank AG             4.200   9/24/2019    EUR     72.000
Deutsche Bank AG             4.200  12/24/2019    EUR     73.800
Deutsche Bank AG             4.200   9/24/2019    EUR     62.400
Deutsche Bank AG             6.200   6/25/2019    EUR     73.500
Deutsche Bank AG             4.200   9/24/2019    EUR     74.300
Vontobel Financial Prod     11.000   6/28/2019    EUR     64.410
Vontobel Financial Prod      8.550   6/28/2019    EUR     64.150
Vontobel Financial Prod      6.000   6/28/2019    EUR     63.890
Vontobel Financial Prod      3.000   6/28/2019    EUR     52.880
Vontobel Financial Prod      7.000   6/28/2019    EUR     53.290
Vontobel Financial Prod      9.000   6/28/2019    EUR     53.500
Vontobel Financial Prod     10.550   6/28/2019    EUR     53.660
Leonteq Securities AG/G     20.000   6/19/2019    USD     40.100
EFG International Finan     11.000   3/16/2020    USD     73.350
Corner Banca SA             15.000   9/16/2019    CHF     43.340
Leonteq Securities AG/G     10.000   6/19/2019    EUR     53.530
HSBC Trinkaus & Burkhar      5.100   6/28/2019    EUR     59.930
HSBC Trinkaus & Burkhar      2.100   6/28/2019    EUR     70.740
HSBC Trinkaus & Burkhar      4.300   6/28/2019    EUR     50.730
Vontobel Financial Prod     12.000   6/28/2019    EUR     58.120
Leonteq Securities AG/G      7.400    9/9/2020    CHF     71.810
Leonteq Securities AG/G     11.000    9/9/2019    CHF     58.930
Leonteq Securities AG/G      9.000    9/9/2019    CHF     28.210
Landesbank Hessen-Thuer      4.000   7/12/2019    EUR     65.800
Raiffeisen Schweiz Geno      7.500   9/16/2019    CHF     39.500
Credit Suisse AG/London      5.750   9/19/2019    EUR     73.640
Commerzbank AG               2.450    3/9/2020    EUR     65.890
Raiffeisen Schweiz Geno     11.420   9/12/2019    CHF     44.970
Credit Suisse AG/Nassau      8.250   9/23/2019    EUR     62.340
Bank Julius Baer & Co L      7.850   6/20/2019    CHF     29.250
DZ Bank AG Deutsche Zen      5.000   6/26/2019    EUR     62.180
Leonteq Securities AG       11.000   6/27/2019    CHF     39.550
Leonteq Securities AG/G     10.000   9/12/2019    CHF     43.810
Credit Suisse AG/London      9.000   3/19/2021    USD      9.157
UBS AG/London                9.750   9/16/2019    CHF     70.750
UBS AG/London               12.500   3/16/2020    CHF     46.450
UBS AG/London               10.250   3/16/2020    USD     74.100
UBS AG/London               12.250   9/16/2019    CHF     70.500
UBS AG/London                9.000   9/16/2019    CHF     72.900
UBS AG/London                7.500   3/16/2020    EUR     64.850
EFG International Finan      7.400   3/29/2021    EUR     68.870
Leonteq Securities AG/G      9.000   3/16/2020    CHF     56.040
Landesbank Hessen-Thuer      4.000   7/19/2019    EUR     63.300
Credit Suisse AG/Nassau     10.250   6/24/2019    EUR     52.670
BNP Paribas Emissions-      10.000   6/27/2019    EUR     69.350
BNP Paribas Emissions-      12.000   6/27/2019    EUR     70.980
BNP Paribas Emissions-      19.000   6/27/2019    EUR     64.240
BNP Paribas Emissions-      13.000   6/27/2019    EUR     60.000
BNP Paribas Emissions-       5.500   6/27/2019    EUR     60.180
BNP Paribas Emissions-       6.000   6/27/2019    EUR     59.440
BNP Paribas Emissions-       6.500   6/27/2019    EUR     58.710
BNP Paribas Emissions-       7.500   6/27/2019    EUR     57.330
BNP Paribas Emissions-       8.000   6/27/2019    EUR     55.960
BNP Paribas Emissions-       8.500   6/27/2019    EUR     54.670
BNP Paribas Emissions-       9.500   6/27/2019    EUR     53.490
BNP Paribas Emissions-      10.000   6/27/2019    EUR     52.920
BNP Paribas Emissions-      11.000   6/27/2019    EUR     51.250
BNP Paribas Emissions-      12.000   6/27/2019    EUR     50.240
BNP Paribas Emissions-       5.500   6/27/2019    EUR     72.850
BNP Paribas Emissions-       6.000   6/27/2019    EUR     70.030
BNP Paribas Emissions-       7.500   6/27/2019    EUR     67.520
BNP Paribas Emissions-       8.000   6/27/2019    EUR     65.910
BNP Paribas Emissions-       8.500   6/27/2019    EUR     64.380
BNP Paribas Emissions-       8.500   6/27/2019    EUR     74.330
BNP Paribas Emissions-       9.500   6/27/2019    EUR     72.280
BNP Paribas Emissions-       7.000   6/27/2019    EUR     69.670
BNP Paribas Emissions-      10.000   6/27/2019    EUR     65.390
BNP Paribas Emissions-       7.000   6/27/2019    EUR     63.580
BNP Paribas Emissions-       8.000   6/27/2019    EUR     59.780
BNP Paribas Emissions-      11.000   6/27/2019    EUR     69.890
BNP Paribas Emissions-       7.000   6/27/2019    EUR     46.860
BNP Paribas Emissions-       8.000   6/27/2019    EUR     43.690
BNP Paribas Emissions-      13.000   6/27/2019    EUR     38.870
BNP Paribas Emissions-      13.000   6/27/2019    EUR     49.270
BNP Paribas Emissions-      14.000   6/27/2019    EUR     47.850
BNP Paribas Emissions-       7.000   6/27/2019    EUR     30.540
BNP Paribas Emissions-       8.500   6/27/2019    EUR     29.560
BNP Paribas Emissions-      10.000   6/27/2019    EUR     28.160
BNP Paribas Emissions-      14.000   6/27/2019    EUR     69.840
BNP Paribas Emissions-      13.000   6/27/2019    EUR     70.150
BNP Paribas Emissions-      16.000   6/27/2019    EUR     50.060
BNP Paribas Emissions-       9.000   6/27/2019    EUR     73.000
BNP Paribas Emissions-      11.000   6/27/2019    EUR     68.400
BNP Paribas Emissions-       4.500   6/27/2019    EUR     68.990
BNP Paribas Emissions-       6.500   6/27/2019    EUR     64.780
BNP Paribas Emissions-       8.000   6/27/2019    EUR     61.970
BNP Paribas Emissions-       9.500   6/27/2019    EUR     59.420
BNP Paribas Emissions-       9.000   6/27/2019    EUR     62.200
BNP Paribas Emissions-      11.000   6/27/2019    EUR     60.320
BNP Paribas Emissions-      11.000   6/27/2019    EUR     73.310
BNP Paribas Emissions-      12.000   6/27/2019    EUR     71.800
BNP Paribas Emissions-      13.000   6/27/2019    EUR     70.370
BNP Paribas Emissions-      10.000   6/27/2019    EUR     58.000
BNP Paribas Emissions-       5.000   6/27/2019    EUR     65.420
BNP Paribas Emissions-       9.000   6/27/2019    EUR     61.340
BNP Paribas Emissions-      13.000   6/27/2019    EUR     55.100
BNP Paribas Emissions-       7.000   6/27/2019    EUR     49.560
BNP Paribas Emissions-       8.000   6/27/2019    EUR     74.070
BNP Paribas Emissions-       9.000   6/27/2019    EUR     60.950
BNP Paribas Emissions-      10.000   6/27/2019    EUR     58.650
BNP Paribas Emissions-      15.000   6/27/2019    EUR     51.200
BNP Paribas Emissions-      16.000   6/27/2019    EUR     49.650
BNP Paribas Emissions-      12.000   6/27/2019    EUR     73.610
BNP Paribas Emissions-      13.000   6/27/2019    EUR     71.780
BNP Paribas Emissions-       5.500   6/27/2019    EUR     66.490
BNP Paribas Emissions-       7.000   6/27/2019    EUR     63.370
BNP Paribas Emissions-       8.500   6/27/2019    EUR     60.550
BNP Paribas Emissions-       6.000   6/27/2019    EUR     71.550
Vontobel Financial Prod      9.500   6/28/2019    EUR     52.390
Vontobel Financial Prod      8.000   6/28/2019    EUR     52.240
Vontobel Financial Prod      6.550   6/28/2019    EUR     52.090
Vontobel Financial Prod      5.000   6/28/2019    EUR     51.930
Vontobel Financial Prod      7.000   6/28/2019    EUR     63.850
Vontobel Financial Prod      9.500   6/28/2019    EUR     45.960
Vontobel Financial Prod      7.000   6/28/2019    EUR     45.700
Vontobel Financial Prod      4.050   6/28/2019    EUR     45.390
Raiffeisen Schweiz Geno      5.250   9/23/2019    CHF     62.870
Vontobel Financial Prod      7.550   6/28/2019    EUR     62.810
Vontobel Financial Prod      4.500   6/28/2019    EUR     62.500
Raiffeisen Schweiz Geno     10.000   9/23/2019    CHF     41.720
Leonteq Securities AG       14.200   6/26/2019    CHF     39.630
Leonteq Securities AG       10.000   6/26/2019    CHF     38.180
Leonteq Securities AG       10.000   6/26/2019    CHF     69.920
UniCredit Bank AG            4.850   11/1/2020    EUR     60.010
Vontobel Financial Prod     10.000   8/23/2019    EUR     69.890
UniCredit Bank AG           10.600    1/3/2020    EUR     68.110
UniCredit Bank AG           10.400   6/28/2019    EUR     67.910
UniCredit Bank AG           11.900    1/3/2020    EUR     73.490
UniCredit Bank AG            8.700    1/3/2020    EUR     72.660
UniCredit Bank AG            7.500    1/3/2020    EUR     55.810
UniCredit Bank AG            6.300    1/3/2020    EUR     66.810
UniCredit Bank AG            7.300    1/3/2020    EUR     52.420
Bayerische Landesbank        4.800   9/13/2019    EUR     67.700
UniCredit Bank AG            6.000    1/3/2020    EUR     55.000
UniCredit Bank AG            6.800    1/3/2020    EUR     48.780
UniCredit Bank AG            5.900    1/3/2020    EUR     62.440
UniCredit Bank AG            5.000    1/3/2020    EUR      6.681
UniCredit Bank AG            8.600    1/3/2020    EUR     55.640
UniCredit Bank AG           13.700    1/3/2020    EUR     60.650
UniCredit Bank AG            5.100    1/3/2020    EUR     72.110
UniCredit Bank AG            3.200    1/3/2020    EUR     63.380
Vontobel Financial Prod      6.500   9/27/2019    EUR     66.550
UniCredit Bank AG           11.600    1/3/2020    EUR     69.580
UniCredit Bank AG            9.800    1/3/2020    EUR     73.770
UniCredit Bank AG            5.200    1/3/2020    EUR     73.570
UniCredit Bank AG            7.200    1/3/2020    EUR     64.360
Commerzbank AG               8.500   6/28/2019    EUR     71.860
Commerzbank AG               9.000   5/24/2019    EUR     70.420
Commerzbank AG              17.000   5/24/2019    EUR     59.420
Commerzbank AG              16.750   6/28/2019    EUR     65.410
UniCredit Bank AG            6.800    1/3/2020    EUR     58.650
UniCredit Bank AG           15.000   6/28/2019    EUR     51.430
Commerzbank AG               8.250   6/28/2019    EUR     67.360
Commerzbank AG              12.250   6/28/2019    EUR     60.580
Commerzbank AG              16.250   6/28/2019    EUR     56.170
Commerzbank AG               7.500   7/26/2019    EUR     69.090
Commerzbank AG               9.500   7/26/2019    EUR     64.970
Commerzbank AG              13.500   7/26/2019    EUR     59.380
Commerzbank AG              13.000   7/26/2019    EUR     69.030
UniCredit Bank AG            5.600   6/28/2019    EUR     54.230
UniCredit Bank AG            9.800   6/28/2019    EUR     74.110
UniCredit Bank AG           11.200   6/28/2019    EUR     50.070
UniCredit Bank AG            7.800   6/28/2019    EUR     70.230
UniCredit Bank AG            4.200   6/28/2019    EUR     71.880
Commerzbank AG              10.000   7/26/2019    EUR     69.960
UniCredit Bank AG           14.800   6/28/2019    EUR     49.250
UniCredit Bank AG           11.600   6/28/2019    EUR     71.310
UniCredit Bank AG           12.600   6/28/2019    EUR     71.390
UniCredit Bank AG            3.900   6/28/2019    EUR     35.410
UniCredit Bank AG            6.200   6/28/2019    EUR     66.410
UniCredit Bank AG            5.700   6/28/2019    EUR     72.700
UniCredit Bank AG            8.700    1/3/2020    EUR     68.800
UniCredit Bank AG            8.400    1/3/2020    EUR     68.190
UniCredit Bank AG           12.900    1/3/2020    EUR     68.790
UniCredit Bank AG           13.000    1/3/2020    EUR     39.590
UniCredit Bank AG            4.000    1/3/2020    EUR     57.790
UniCredit Bank AG            8.800    1/3/2020    EUR     44.260
UniCredit Bank AG            9.900    1/3/2020    EUR     66.930
UniCredit Bank AG            8.100    1/3/2020    EUR     70.040
UniCredit Bank AG            8.600    1/3/2020    EUR     42.060
UniCredit Bank AG            3.500    1/3/2020    EUR     69.140
UniCredit Bank AG            5.300    1/3/2020    EUR     61.390
UniCredit Bank AG            4.700    1/3/2020    EUR     71.660
UniCredit Bank AG            3.200    1/3/2020    EUR     56.960
UniCredit Bank AG            6.700    1/3/2020    EUR     68.710
UniCredit Bank AG            6.600    1/3/2020    EUR     60.360
UniCredit Bank AG            5.700    1/3/2020    EUR     72.560
UniCredit Bank AG           12.900    1/3/2020    EUR     55.630
UniCredit Bank AG           10.900    1/3/2020    EUR     59.440
UniCredit Bank AG           12.500    1/3/2020    EUR     48.620
UniCredit Bank AG           10.600    1/3/2020    EUR     75.630
UniCredit Bank AG            5.300    1/3/2020    EUR     74.380
UniCredit Bank AG           11.600    1/3/2020    EUR     60.800
UniCredit Bank AG            7.500    1/3/2020    EUR     58.670
UniCredit Bank AG            4.400    1/3/2020    EUR     67.040
UniCredit Bank AG           10.200    1/3/2020    EUR     63.130
UniCredit Bank AG            8.100   6/28/2019    EUR     69.760
UniCredit Bank AG            8.500   6/28/2019    EUR     70.980
UniCredit Bank AG            3.200   6/28/2019    EUR     61.950
UniCredit Bank AG            9.400   6/28/2019    EUR     67.030
UniCredit Bank AG            3.500   6/28/2019    EUR     59.600
UniCredit Bank AG            7.900   6/28/2019    EUR     44.740
UniCredit Bank AG            4.400   6/28/2019    EUR     64.340
UniCredit Bank AG            6.300   6/28/2019    EUR     73.580
UniCredit Bank AG            8.300   6/28/2019    EUR     67.170
UniCredit Bank AG            4.800   6/28/2019    EUR     47.820
UniCredit Bank AG            6.600   6/28/2019    EUR     43.450
UniCredit Bank AG           12.300   6/28/2019    EUR     60.290
UniCredit Bank AG           13.500   6/28/2019    EUR     41.340
UniCredit Bank AG            5.000   6/28/2019    EUR     64.470
UniCredit Bank AG           13.200   6/28/2019    EUR      3.790
Landesbank Baden-Wuertt      3.000  12/29/2020    EUR     54.000
Landesbank Baden-Wuertt      3.600  12/29/2020    EUR     73.810
Landesbank Baden-Wuertt      4.400  12/29/2020    EUR     57.690
Vontobel Financial Prod     14.500   6/28/2019    EUR     65.800
Vontobel Financial Prod     22.500   6/28/2019    EUR     58.570
Vontobel Financial Prod     12.000   6/28/2019    EUR     68.660
Vontobel Financial Prod     10.000   6/28/2019    EUR     65.190
Vontobel Financial Prod      5.500   6/28/2019    EUR     71.760
Vontobel Financial Prod     13.500   6/28/2019    EUR     61.030
Vontobel Financial Prod     19.000   6/28/2019    EUR     56.430
Vontobel Financial Prod     16.500   6/28/2019    EUR     58.640
Vontobel Financial Prod     11.000   6/28/2019    EUR     63.720
Vontobel Financial Prod      7.000   9/27/2019    EUR     69.020
Vontobel Financial Prod     16.000   9/27/2019    EUR     59.840
Vontobel Financial Prod      7.000   9/27/2019    EUR     74.020
Vontobel Financial Prod      8.000   9/27/2019    EUR     72.450
Vontobel Financial Prod     12.500   9/27/2019    EUR     67.270
Vontobel Financial Prod     14.000   6/28/2019    EUR     72.610
Vontobel Financial Prod      8.000   6/28/2019    EUR     70.430
Vontobel Financial Prod      7.000   6/28/2019    EUR     72.070
Vontobel Financial Prod      5.000   9/27/2019    EUR     74.660
Vontobel Financial Prod      7.000   9/27/2019    EUR     71.890
Vontobel Financial Prod      9.000   9/27/2019    EUR     69.400
Vontobel Financial Prod     10.000   9/27/2019    EUR     68.250
Vontobel Financial Prod     11.000   9/27/2019    EUR     67.170
Landesbank Baden-Wuertt      2.750   7/26/2019    EUR     58.960
Vontobel Financial Prod      9.000   6/28/2019    EUR     68.880
Vontobel Financial Prod     13.000   9/27/2019    EUR     65.190
DekaBank Deutsche Giroz      2.300  11/13/2020    EUR     71.240
Vontobel Financial Prod     12.500   9/27/2019    EUR     71.120
Vontobel Financial Prod     11.000   9/27/2019    EUR     72.490
Vontobel Financial Prod     15.500   9/27/2019    EUR     68.680
Zurcher Kantonalbank Fi     12.000   8/29/2019    EUR     45.990
UBS AG/London                6.250  10/18/2019    EUR     52.400
Vontobel Financial Prod      2.500   9/27/2019    EUR     67.670
Vontobel Financial Prod     12.000   6/28/2019    EUR     71.950
UBS AG/London               10.000  10/18/2019    CHF     57.250
Vontobel Financial Prod     10.500   6/28/2019    EUR     67.450
Vontobel Financial Prod     13.500   6/28/2019    EUR     64.810
Vontobel Financial Prod     16.500   6/28/2019    EUR     62.420
Vontobel Financial Prod      7.000   9/27/2019    EUR     60.530
Vontobel Financial Prod     12.500   9/27/2019    EUR     55.720
Vontobel Financial Prod     15.000   9/27/2019    EUR     54.310
Vontobel Financial Prod      4.500   6/28/2019    EUR     63.530
Vontobel Financial Prod      2.500   6/28/2019    EUR     67.110
Vontobel Financial Prod      8.000   6/28/2019    EUR     58.930
Vontobel Financial Prod      9.000   6/28/2019    EUR     57.540
Vontobel Financial Prod     13.500   6/28/2019    EUR     53.960
Vontobel Financial Prod     12.000   6/28/2019    EUR     55.090
Vontobel Financial Prod     15.500   6/28/2019    EUR     52.940
Vontobel Financial Prod     10.000   9/27/2019    EUR     57.350
Vontobel Financial Prod      8.000   9/27/2019    EUR     64.340
Vontobel Financial Prod     11.000   9/27/2019    EUR     60.680
Vontobel Financial Prod     13.500   9/27/2019    EUR     57.510
Vontobel Financial Prod     12.000   9/27/2019    EUR     58.940
Vontobel Financial Prod     16.500   9/27/2019    EUR     55.050
Vontobel Financial Prod      9.000   6/28/2019    EUR     62.480
Vontobel Financial Prod      7.500   6/28/2019    EUR     65.010
Vontobel Financial Prod     14.500   6/28/2019    EUR     56.200
Vontobel Financial Prod     10.000   9/27/2019    EUR     65.410
Vontobel Financial Prod     18.000   9/27/2019    EUR     58.340
Vontobel Financial Prod     14.500   6/28/2019    EUR     63.610
Vontobel Financial Prod     16.000   6/28/2019    EUR     62.170
Vontobel Financial Prod     18.000   6/28/2019    EUR     60.860
Vontobel Financial Prod     12.500   6/28/2019    EUR     74.300
Vontobel Financial Prod     14.000   6/28/2019    EUR     72.310
Vontobel Financial Prod      9.500   6/28/2019    EUR     68.430
Vontobel Financial Prod     11.000   6/28/2019    EUR     66.710
Vontobel Financial Prod      6.000   9/27/2019    EUR     73.570
Vontobel Financial Prod      9.000   9/27/2019    EUR     68.700
Vontobel Financial Prod     14.500   9/27/2019    EUR     64.060
Vontobel Financial Prod     13.000   9/27/2019    EUR     73.220
Vontobel Financial Prod     16.000   9/27/2019    EUR     63.200
Vontobel Financial Prod      9.500   6/28/2019    EUR     69.600
Vontobel Financial Prod     14.500   6/28/2019    EUR     64.150
Vontobel Financial Prod     12.000   6/28/2019    EUR     66.740
Vontobel Financial Prod     20.000   6/28/2019    EUR     69.500
Vontobel Financial Prod      8.500   9/27/2019    EUR     71.280
Vontobel Financial Prod     10.000   9/27/2019    EUR     68.800
Vontobel Financial Prod      7.000   9/27/2019    EUR     64.280
Vontobel Financial Prod      9.500   9/27/2019    EUR     59.360
Vontobel Financial Prod      8.000   9/27/2019    EUR     61.480
Vontobel Financial Prod     10.500   9/27/2019    EUR     57.080
Vontobel Financial Prod     14.000   9/27/2019    EUR     54.030
Vontobel Financial Prod      8.500   6/28/2019    EUR     59.320
Vontobel Financial Prod      9.950   8/21/2020    EUR     69.410
Vontobel Financial Prod      9.000   6/28/2019    EUR     70.630
Vontobel Financial Prod     12.000   6/28/2019    EUR     67.360
Societe Generale Effekt     11.036   6/21/2019    EUR     65.760
Societe Generale Effekt     17.699   6/21/2019    EUR     60.120
Societe Generale Effekt      9.321  12/20/2019    EUR     72.190
Societe Generale Effekt     18.948   6/21/2019    EUR     69.330
Societe Generale Effekt      6.247   6/21/2019    EUR     71.440
Societe Generale Effekt     16.033   6/21/2019    EUR     61.400
Societe Generale Effekt      8.658   9/20/2019    EUR     71.660
Societe Generale Effekt     16.503   9/20/2019    EUR     64.880
Societe Generale Effekt      1.666   6/21/2019    EUR     69.220
Societe Generale Effekt      9.578   6/21/2019    EUR     69.610
Societe Generale Effekt     13.742   6/21/2019    EUR     63.920
Societe Generale Effekt     27.693   6/21/2019    EUR     51.700
Societe Generale Effekt     15.151   9/20/2019    EUR     67.160
Societe Generale Effekt      8.953   6/21/2019    EUR     72.720
Societe Generale Effekt      6.247   6/21/2019    EUR     67.790
Societe Generale Effekt     10.411   6/21/2019    EUR     62.000
Societe Generale Effekt     15.200   6/21/2019    EUR     57.380
Societe Generale Effekt     17.699   6/21/2019    EUR     55.370
Societe Generale Effekt     22.696   6/21/2019    EUR     51.870
Societe Generale Effekt      6.455   6/21/2019    EUR     73.500
BNP Paribas Emissions-      11.000   9/26/2019    EUR     74.420
BNP Paribas Emissions-       8.500   9/26/2019    EUR     72.420
BNP Paribas Emissions-      11.000  12/30/2019    EUR     65.240
BNP Paribas Emissions-       6.000   9/26/2019    EUR     67.880
BNP Paribas Emissions-       9.000  12/30/2019    EUR     64.900
BNP Paribas Emissions-      17.000   6/27/2019    EUR     73.380
BNP Paribas Emissions-       5.000   9/26/2019    EUR     73.930
BNP Paribas Emissions-       9.000  12/30/2019    EUR     70.860
BNP Paribas Emissions-       9.000   9/26/2019    EUR     72.330
BNP Paribas Emissions-      12.000   9/26/2019    EUR     68.820
BNP Paribas Emissions-       8.000  12/30/2019    EUR     74.080
BNP Paribas Emissions-       9.500  12/30/2019    EUR     73.140
BNP Paribas Emissions-       8.500   6/27/2019    EUR     39.870
BNP Paribas Emissions-      16.000   6/27/2019    EUR     34.580
BNP Paribas Emissions-       7.500   9/26/2019    EUR     41.330
BNP Paribas Emissions-      11.000   9/26/2019    EUR     38.900
BNP Paribas Emissions-       5.000  12/30/2019    EUR     44.800
BNP Paribas Emissions-       9.500  12/30/2019    EUR     40.680
BNP Paribas Emissions-      14.000   6/27/2019    EUR     66.760
BNP Paribas Emissions-       9.000   9/26/2019    EUR     74.670
BNP Paribas Emissions-       7.500  12/30/2019    EUR     66.030
BNP Paribas Emissions-      10.000  12/30/2019    EUR     63.570
BNP Paribas Emissions-       8.500  12/30/2019    EUR     61.820
BNP Paribas Emissions-       9.000  12/30/2019    EUR     60.730
BNP Paribas Issuance BV      6.800  10/21/2019    EUR     59.600
BNP Paribas Emissions-       8.000   6/27/2019    EUR     72.230
BNP Paribas Emissions-       9.500   6/27/2019    EUR     70.450
BNP Paribas Emissions-       7.000   6/27/2019    EUR     66.860
BNP Paribas Emissions-      16.000   6/27/2019    EUR     58.280
BNP Paribas Emissions-       7.500   9/26/2019    EUR     66.830
BNP Paribas Emissions-       9.000   9/26/2019    EUR     64.410
BNP Paribas Emissions-       6.000  12/30/2019    EUR     69.450
BNP Paribas Emissions-       9.000   9/26/2019    EUR     70.280
BNP Paribas Emissions-       8.000  12/30/2019    EUR     72.160
BNP Paribas Emissions-       5.500   6/27/2019    EUR     69.260
BNP Paribas Emissions-       7.000   6/27/2019    EUR     65.990
BNP Paribas Emissions-       8.000   6/27/2019    EUR     66.080
BNP Paribas Emissions-       9.500   6/27/2019    EUR     63.140
BNP Paribas Emissions-      14.000   6/27/2019    EUR     59.450
BNP Paribas Emissions-       5.500   9/26/2019    EUR     70.230
BNP Paribas Emissions-       7.000   9/26/2019    EUR     67.430
BNP Paribas Emissions-       8.500   9/26/2019    EUR     64.910
BNP Paribas Emissions-       6.500   6/27/2019    EUR     61.830
BNP Paribas Emissions-      16.000   6/27/2019    EUR     53.400
BNP Paribas Emissions-       7.500  12/30/2019    EUR     73.880
BNP Paribas Emissions-       8.000  12/30/2019    EUR     72.430
BNP Paribas Emissions-      10.000  12/30/2019    EUR     70.350
BNP Paribas Emissions-       7.000   6/27/2019    EUR     67.060
BNP Paribas Emissions-      13.000   6/27/2019    EUR     73.620
BNP Paribas Emissions-      12.000   6/27/2019    EUR     68.260
BNP Paribas Emissions-      11.000  12/30/2019    EUR     70.070
BNP Paribas Emissions-       7.000   9/26/2019    EUR     73.490
BNP Paribas Emissions-       8.500   9/26/2019    EUR     72.320
BNP Paribas Emissions-       9.500   9/26/2019    EUR     71.050
BNP Paribas Emissions-      10.000   9/26/2019    EUR     70.450
BNP Paribas Emissions-      11.000   9/26/2019    EUR     68.540
BNP Paribas Emissions-      12.000   9/26/2019    EUR     67.470
BNP Paribas Emissions-       7.500  12/30/2019    EUR     73.720
BNP Paribas Emissions-       9.500  12/30/2019    EUR     70.400
BNP Paribas Emissions-       8.500   9/26/2019    EUR     74.530
BNP Paribas Emissions-       9.000   9/26/2019    EUR     72.730
BNP Paribas Emissions-      11.000   9/26/2019    EUR     71.510
BNP Paribas Emissions-      12.000   9/26/2019    EUR     69.210
BNP Paribas Emissions-       9.500  12/30/2019    EUR     73.280
BNP Paribas Emissions-       8.000   9/26/2019    EUR     64.060
BNP Paribas Emissions-      12.000  12/30/2019    EUR     59.860
Zurcher Kantonalbank Fi      5.500   11/3/2020    CHF     67.120
Landesbank Hessen-Thuer      2.200  11/24/2020    EUR     63.620
BNP Paribas Issuance BV      6.800  10/21/2019    EUR     63.150
Raiffeisen Switzerland      10.000  10/25/2019    CHF     51.830
UBS AG/London               14.500    1/2/2020    EUR     61.910
Commerzbank AG              10.000   9/27/2019    EUR     61.610
Commerzbank AG              12.000   9/27/2019    EUR     58.890
Commerzbank AG              10.750   9/27/2019    EUR     67.800
Commerzbank AG              18.750   7/26/2019    EUR     73.980
UBS AG/London                4.400   6/25/2020    EUR     69.360
HSBC Trinkaus & Burkhar      7.000  10/25/2019    EUR     66.900
Raiffeisen Schweiz Geno      5.700   6/19/2019    CHF     49.750
DekaBank Deutsche Giroz      3.000   6/21/2021    EUR     40.290
Landesbank Baden-Wuertt      5.000   7/24/2020    EUR     67.960
Commerzbank AG               6.750   9/27/2019    EUR     73.060
UBS AG/London                7.000   6/11/2019    CHF     67.400
Commerzbank AG              13.000   6/28/2019    EUR     65.410
Commerzbank AG              11.500   6/28/2019    EUR     66.620
Commerzbank AG              13.500   6/28/2019    EUR     64.680
Vontobel Financial Prod     16.000    1/3/2020    EUR     68.640
Vontobel Financial Prod      9.000   9/27/2019    EUR     70.180
Vontobel Financial Prod     14.500   9/27/2019    EUR     64.180
Citigroup Global Market      7.000   6/16/2022    SEK     54.490
Commerzbank AG              17.000   6/28/2019    EUR     75.720
Commerzbank AG              20.750   6/28/2019    EUR     73.750
Leonteq Securities AG/G      7.000   6/19/2019    USD     39.270
HSBC Trinkaus & Burkhar      4.800  12/27/2019    EUR     71.840
HSBC Trinkaus & Burkhar      5.000   3/27/2020    EUR     72.340
HSBC Trinkaus & Burkhar      9.200   2/28/2020    EUR     65.640
Vontobel Financial Prod     17.650   1/22/2020    EUR     57.420
Landesbank Baden-Wuertt      3.050   7/24/2020    EUR     54.980
Landesbank Baden-Wuertt      7.000   7/24/2020    EUR     65.780
Commerzbank AG               8.750   9/27/2019    EUR     70.160
UBS AG/London                4.200    1/2/2020    EUR     74.070
UBS AG/London                8.700    1/2/2020    EUR     66.410
UBS AG/London               16.800   9/26/2019    EUR     59.090
Landesbank Hessen-Thuer      4.000   1/13/2021    EUR     46.600
Commerzbank AG              15.250   6/28/2019    EUR     71.150
Vontobel Financial Prod     11.500   9/27/2019    EUR     71.440
Vontobel Financial Prod     12.000    1/3/2020    EUR     66.440
Leonteq Securities AG/G      7.000  10/29/2020    CHF     72.070
UBS AG/London                6.500   6/27/2019    EUR     68.030
DZ Bank AG Deutsche Zen      5.250   9/23/2019    EUR     73.360
HSBC Trinkaus & Burkhar     16.100   9/27/2019    EUR     58.270
HSBC Trinkaus & Burkhar     13.900  12/27/2019    EUR     61.120
HSBC Trinkaus & Burkhar     10.000  11/22/2019    EUR     63.820
BNP Paribas Emissions-       4.500  12/30/2019    EUR     63.330
BNP Paribas Emissions-       6.500  12/30/2019    EUR     64.550
BNP Paribas Emissions-      11.000  12/30/2019    EUR     67.290
BNP Paribas Emissions-       9.000  12/30/2019    EUR     65.440
BNP Paribas Emissions-      16.000  12/30/2019    EUR     69.710
BNP Paribas Emissions-       9.500  12/30/2019    EUR     65.130
BNP Paribas Emissions-      17.000  12/30/2019    EUR     69.700
BNP Paribas Emissions-      20.000  12/30/2019    EUR     69.180
BNP Paribas Emissions-       6.500  12/30/2019    EUR     59.850
BNP Paribas Emissions-      19.000  12/30/2019    EUR     67.460
BNP Paribas Emissions-       7.000  12/30/2019    EUR     58.570
BNP Paribas Emissions-      19.000  12/30/2019    EUR     64.380
Vontobel Financial Prod     13.500   6/28/2019    EUR     49.070
Vontobel Financial Prod      9.500   6/28/2019    EUR     54.630
Vontobel Financial Prod      5.550   6/28/2019    EUR     62.130
Vontobel Financial Prod      7.500   6/28/2019    EUR     57.580
Vontobel Financial Prod      9.000   6/28/2019    EUR     55.630
Vontobel Financial Prod     10.500   6/28/2019    EUR     53.830
Landesbank Hessen-Thuer      4.000   2/17/2021    EUR     72.330
Landesbank Hessen-Thuer      4.000   2/17/2021    EUR     40.610
Bank Julius Baer & Co L     12.000   6/24/2019    USD     59.150
Vontobel Financial Prod      6.000   6/28/2019    EUR     62.010
Vontobel Financial Prod     11.000   6/28/2019    EUR     56.150
Vontobel Financial Prod     10.500   6/28/2019    EUR     53.030
Vontobel Financial Prod      6.500   6/28/2019    EUR     64.970
Vontobel Financial Prod     11.000   6/28/2019    EUR     57.300
Vontobel Financial Prod     12.550   6/28/2019    EUR     55.210
Bank Julius Baer & Co L      4.350   9/20/2019    EUR     73.500
Landesbank Baden-Wuertt      3.000   2/26/2021    EUR     72.580
Leonteq Securities AG/G     10.200    8/7/2019    CHF     25.600
Raiffeisen Schweiz Geno      5.300    5/4/2020    EUR     62.720
Raiffeisen Schweiz Geno      4.700   11/4/2020    CHF     67.320
Leonteq Securities AG       11.350  12/27/2019    CHF     56.230
Leonteq Securities AG       14.400    8/7/2019    CHF     67.340
Vontobel Financial Prod     11.500   6/28/2019    EUR     71.120
Raiffeisen Switzerland       7.800   4/27/2020    EUR     64.560
Bank Julius Baer & Co L      8.100    8/6/2019    CHF     61.450
UniCredit Bank AG            3.700   5/18/2022    CHF     65.660
Leonteq Securities AG        5.200  12/22/2020    CHF     62.430
Leonteq Securities AG       14.000   9/25/2019    CHF     54.280
Leonteq Securities AG        8.000   9/25/2019    CHF     74.200
Raiffeisen Schweiz Geno      6.100   6/22/2020    CHF     74.060
Raiffeisen Schweiz Geno     10.900    1/6/2020    USD     67.260
Raiffeisen Schweiz Geno      6.300    1/6/2020    CHF     59.680
BNP Paribas Emissions-       4.000   6/27/2019    EUR     54.730
BNP Paribas Emissions-       4.000   6/27/2019    EUR     60.440
BNP Paribas Emissions-      10.000   6/27/2019    EUR     61.020
BNP Paribas Emissions-      14.000   6/27/2019    EUR     61.410
BNP Paribas Emissions-       7.500   6/27/2019    EUR     60.150
BNP Paribas Emissions-      13.000   6/27/2019    EUR     60.690
BNP Paribas Emissions-       4.500   6/27/2019    EUR     58.650
BNP Paribas Emissions-       6.500   6/27/2019    EUR     58.850
BNP Paribas Emissions-       3.000   6/27/2019    EUR     63.670
Credit Suisse AG/London      7.250    8/7/2019    CHF     57.690
Credit Suisse AG/Nassau      9.000    8/9/2019    CHF     73.290
BNP Paribas Emissions-       8.500   6/27/2019    EUR     59.040
BNP Paribas Emissions-      15.000   6/27/2019    EUR     59.670
BNP Paribas Emissions-       6.000   6/27/2019    EUR     57.630
BNP Paribas Emissions-      14.000   6/27/2019    EUR     58.410
BNP Paribas Emissions-      18.000   6/27/2019    EUR     58.790
BNP Paribas Emissions-       5.500   6/27/2019    EUR     56.470
BNP Paribas Emissions-       8.500  12/30/2019    EUR     63.330
BNP Paribas Emissions-      15.000  12/30/2019    EUR     67.290
BNP Paribas Emissions-      12.000  12/30/2019    EUR     64.310
BNP Paribas Emissions-       5.500  12/30/2019    EUR     66.740
BNP Paribas Emissions-       7.500  12/30/2019    EUR     67.960
BNP Paribas Emissions-      13.000  12/30/2019    EUR     71.310
BNP Paribas Emissions-       4.000   6/27/2019    EUR     63.770
BNP Paribas Emissions-      10.000   6/27/2019    EUR     64.350
BNP Paribas Emissions-      14.000   6/27/2019    EUR     64.740
BNP Paribas Emissions-       6.500   6/27/2019    EUR     62.640
BNP Paribas Emissions-      11.000   6/27/2019    EUR     63.070
BNP Paribas Emissions-      15.000   6/27/2019    EUR     63.460
BNP Paribas Emissions-       5.500   6/27/2019    EUR     61.220
BNP Paribas Emissions-       9.500   6/27/2019    EUR     61.610
BNP Paribas Emissions-      17.000   6/27/2019    EUR     62.340
Vontobel Financial Prod      3.900   6/28/2019    EUR     58.250
BNP Paribas Emissions-       3.000   6/27/2019    EUR     66.640
BNP Paribas Emissions-       4.500   6/27/2019    EUR     61.370
BNP Paribas Emissions-       4.000   9/26/2019    EUR     63.080
BNP Paribas Emissions-      16.000  12/30/2019    EUR     66.740
BNP Paribas Emissions-       9.500   6/27/2019    EUR     53.750
BNP Paribas Emissions-      17.000   6/27/2019    EUR     54.480
BNP Paribas Emissions-       5.500  12/30/2019    EUR     65.230
BNP Paribas Emissions-       9.500  12/30/2019    EUR     67.670
BNP Paribas Emissions-       8.500  12/30/2019    EUR     65.770
BNP Paribas Emissions-      15.000  12/30/2019    EUR     69.720
BNP Paribas Emissions-       7.000  12/30/2019    EUR     64.220
BNP Paribas Emissions-      20.000  12/30/2019    EUR     72.140
BNP Paribas Emissions-       5.500  12/30/2019    EUR     62.690
BNP Paribas Emissions-       4.500  12/30/2019    EUR     60.890
BNP Paribas Emissions-      11.000  12/30/2019    EUR     62.590
BNP Paribas Emissions-       5.000  12/30/2019    EUR     69.440
BNP Paribas Emissions-      10.000  12/30/2019    EUR     72.480
BNP Paribas Emissions-       4.500   9/26/2019    EUR     70.670
BNP Paribas Emissions-       3.500   9/26/2019    EUR     53.660
BNP Paribas Emissions-       5.000  12/30/2019    EUR     57.350
BNP Paribas Emissions-       9.000  12/30/2019    EUR     59.790
BNP Paribas Emissions-      12.000  12/30/2019    EUR     61.610
BNP Paribas Emissions-      20.000  12/30/2019    EUR     66.490
BNP Paribas Emissions-       6.500  12/30/2019    EUR     56.770
BNP Paribas Emissions-      15.000  12/30/2019    EUR     61.940
BNP Paribas Emissions-       3.000   9/26/2019    EUR     64.350
BNP Paribas Emissions-       3.500   9/26/2019    EUR     61.850
BNP Paribas Emissions-       3.000  12/30/2019    EUR     65.050
Vontobel Financial Prod      7.500   6/28/2019    EUR     58.000
Vontobel Financial Prod     11.500   6/28/2019    EUR     51.670
Vontobel Financial Prod      4.500   6/28/2019    EUR     64.700
Landesbank Baden-Wuertt      2.750   3/25/2022    EUR     67.130
Raiffeisen Schweiz Geno      5.800   5/24/2019    CHF     72.950
Landesbank Hessen-Thuer      4.000   6/21/2019    EUR     39.200
Vontobel Financial Prod     12.000   3/27/2020    EUR     71.940
Vontobel Financial Prod      9.000    1/3/2020    EUR     74.040
Landesbank Hessen-Thuer      4.000  12/22/2021    EUR     60.070
Leonteq Securities AG       10.000   5/28/2019    CHF     74.060
Raiffeisen Centrobank A      5.389   9/24/2019    EUR     58.660
Vontobel Financial Prod      4.000   6/10/2019    EUR     54.810
UniCredit Bank AG            4.450  12/29/2022    EUR     73.860
UniCredit Bank AG            5.100  12/19/2020    EUR     58.940
UniCredit Bank AG            4.300  12/19/2021    EUR     69.720
UniCredit Bank AG            4.700  12/19/2021    EUR     73.130
UniCredit Bank AG            5.900  12/19/2020    EUR     66.840
UBS AG/London                5.250  11/22/2019    EUR     55.150
Landesbank Hessen-Thuer      4.400    1/5/2023    EUR     63.900
EFG International Finan      7.000   5/23/2022    EUR     59.480
Vontobel Financial Prod      6.270   5/27/2019    EUR     68.590
HSBC Trinkaus & Burkhar      6.400   6/28/2019    EUR     61.800
HSBC Trinkaus & Burkhar      5.700   6/28/2019    EUR     72.900
HSBC Trinkaus & Burkhar      5.400   6/28/2019    EUR     45.540
HSBC Trinkaus & Burkhar      6.400   6/28/2019    EUR     64.730
UniCredit Bank AG            5.500    1/4/2020    EUR     66.160
UniCredit Bank AG            5.200   1/14/2021    USD     68.730
Landesbank Baden-Wuertt      8.000   6/28/2019    EUR     67.640
Landesbank Baden-Wuertt      3.500   6/28/2019    EUR     69.830
Landesbank Baden-Wuertt      4.500   6/28/2019    EUR     66.730
Landesbank Baden-Wuertt      5.500   6/28/2019    EUR     57.080
Landesbank Baden-Wuertt      3.000   5/24/2019    EUR     67.580
Landesbank Baden-Wuertt      7.000   6/28/2019    EUR     74.230
Landesbank Baden-Wuertt      4.000   6/28/2019    EUR     68.600
Landesbank Baden-Wuertt      5.500   6/28/2019    EUR     64.500
Landesbank Baden-Wuertt      7.000   6/28/2019    EUR     44.090
Landesbank Baden-Wuertt      7.000   6/28/2019    EUR     70.740
Landesbank Baden-Wuertt      4.500   6/28/2019    EUR     67.020
Landesbank Baden-Wuertt      4.000   6/28/2019    EUR     71.770
Landesbank Baden-Wuertt      4.500   5/24/2019    EUR     67.340
Landesbank Baden-Wuertt      3.000   5/24/2019    EUR     66.660
Landesbank Baden-Wuertt      3.500   6/28/2019    EUR     30.480
Vontobel Financial Prod      7.240   5/29/2019    EUR     61.980
UBS AG/London                5.250    6/1/2020    USD     55.150
UniCredit Bank AG            5.700   6/26/2019    EUR     64.790
Leonteq Securities AG/G     10.000  12/11/2019    CHF     32.080
Landesbank Baden-Wuertt      3.200  12/29/2020    EUR     73.090
Leonteq Securities AG/G      7.200   12/8/2020    USD     64.830
Landesbank Hessen-Thuer      3.500    1/5/2022    EUR     66.600
Landesbank Hessen-Thuer      4.000    1/5/2022    EUR     75.060
HSBC Trinkaus & Burkhar      6.900   9/27/2019    EUR     72.620
HSBC Trinkaus & Burkhar      6.300  10/25/2019    EUR     72.210
HSBC Trinkaus & Burkhar      6.200   1/24/2020    EUR     73.010
HSBC Trinkaus & Burkhar      4.200   6/28/2019    EUR     64.890
HSBC Trinkaus & Burkhar      4.500   9/27/2019    EUR     65.370
HSBC Trinkaus & Burkhar     11.800  12/27/2019    EUR     56.410
HSBC Trinkaus & Burkhar      4.300  12/27/2019    EUR     66.190
HSBC Trinkaus & Burkhar      9.000  10/25/2019    EUR     58.370
HSBC Trinkaus & Burkhar      8.100   1/24/2020    EUR     60.040
HSBC Trinkaus & Burkhar      7.600  12/27/2019    EUR     70.790
HSBC Trinkaus & Burkhar     13.000   6/28/2019    EUR     64.250
HSBC Trinkaus & Burkhar      3.700   6/28/2019    EUR     75.810
HSBC Trinkaus & Burkhar      3.900   9/27/2019    EUR     76.280
HSBC Trinkaus & Burkhar     10.000  12/27/2019    EUR     68.580
HSBC Trinkaus & Burkhar      7.500  12/27/2019    EUR     71.290
HSBC Trinkaus & Burkhar      4.200  12/27/2019    EUR     76.470
Commerzbank AG              13.000   8/23/2019    EUR     70.260
Commerzbank AG               7.250   6/28/2019    EUR     74.300
Commerzbank AG               6.250   7/26/2019    EUR     76.420
Commerzbank AG              14.750   6/28/2019    EUR     73.300
Commerzbank AG              16.750   6/28/2019    EUR     71.460
Commerzbank AG              10.000   8/23/2019    EUR     72.250
Commerzbank AG              14.000   8/23/2019    EUR     68.010
Commerzbank AG              10.500  10/25/2019    EUR     71.860
Commerzbank AG              12.500  10/25/2019    EUR     69.730
Commerzbank AG               8.250   7/26/2019    EUR     66.670
Commerzbank AG              14.250   7/26/2019    EUR     58.030
Commerzbank AG              16.250   7/26/2019    EUR     56.140
Commerzbank AG              18.250   7/26/2019    EUR     54.650
Commerzbank AG              13.000   8/23/2019    EUR     59.390
Commerzbank AG              12.750   5/24/2019    EUR     70.110
Commerzbank AG              12.750   6/28/2019    EUR     70.310
Commerzbank AG              11.750   7/26/2019    EUR     71.760
Commerzbank AG               9.250  10/25/2019    EUR     64.900
Commerzbank AG              15.250  10/25/2019    EUR     57.490
Commerzbank AG              11.500   6/28/2019    EUR     61.210
DZ Bank AG Deutsche Zen     10.500  12/27/2019    EUR     71.340
DZ Bank AG Deutsche Zen      8.000  11/20/2019    EUR     60.280
Vontobel Financial Prod     13.500   9/27/2019    EUR     71.310
Vontobel Financial Prod     14.500   9/27/2019    EUR     70.040
Landesbank Baden-Wuertt      6.000   6/28/2019    EUR     72.930
Landesbank Baden-Wuertt      2.500   6/28/2019    EUR     66.520
Landesbank Baden-Wuertt      6.000   5/24/2019    EUR     57.190
Landesbank Baden-Wuertt      7.000   5/24/2019    EUR     71.150
Landesbank Baden-Wuertt      4.500   5/24/2019    EUR     62.500
Landesbank Baden-Wuertt      6.500   5/24/2019    EUR     72.220
Landesbank Baden-Wuertt      3.000   5/24/2019    EUR     73.780
Landesbank Baden-Wuertt      2.500   6/28/2019    EUR     74.330
Landesbank Baden-Wuertt      3.000   6/28/2019    EUR     56.370
Landesbank Baden-Wuertt      5.000   6/28/2019    EUR     48.540
Landesbank Baden-Wuertt      6.500   6/28/2019    EUR     62.540
Landesbank Baden-Wuertt      6.000   5/24/2019    EUR     64.710
Landesbank Baden-Wuertt      4.500   5/24/2019    EUR     63.190
Landesbank Baden-Wuertt      2.000   6/28/2019    EUR     33.620
Landesbank Baden-Wuertt      5.000   6/28/2019    EUR     28.360
Landesbank Baden-Wuertt      7.000   5/24/2019    EUR     69.510
Norddeutsche Landesbank      3.300   6/21/2019    EUR     65.100
Leonteq Securities AG/G      9.000   6/27/2019    CHF     63.200
UBS AG/London                6.750  11/29/2019    CHF     74.300
Vontobel Financial Prod      7.000  12/27/2019    EUR     46.110
Commerzbank AG               3.100  11/25/2019    USD     68.970
Leonteq Securities AG/G     10.800   6/11/2019    EUR     63.040
Leonteq Securities AG/G     13.850    6/7/2019    USD     51.480
Landesbank Baden-Wuertt      3.300  12/29/2020    EUR     60.450
Landesbank Baden-Wuertt      3.150   9/27/2019    EUR     65.670
UniCredit Bank AG            3.800  12/29/2022    EUR     63.310
DekaBank Deutsche Giroz      6.300    7/3/2020    EUR     64.900
Raiffeisen Schweiz Geno      9.250   6/11/2019    CHF     26.930
Raiffeisen Schweiz Geno      6.250   6/11/2019    CHF     72.520
Landesbank Hessen-Thuer      4.250    7/9/2019    EUR     45.300
Landesbank Hessen-Thuer      3.500    1/5/2022    EUR     63.590
Raiffeisen Centrobank A      5.200  12/30/2019    EUR     51.860
Deutsche Bank AG             4.200   6/24/2019    EUR     66.830
Deutsche Bank AG             4.200   6/24/2019    EUR     73.400
Deutsche Bank AG             4.200   6/24/2019    EUR     62.360
Deutsche Bank AG             4.200   6/24/2019    EUR     59.870
Deutsche Bank AG             4.200   6/24/2019    EUR     58.560
Deutsche Bank AG             4.200   6/24/2019    EUR     72.160
Deutsche Bank AG             4.200   6/24/2019    EUR     69.960
Deutsche Bank AG             4.200   6/24/2019    EUR     71.670
Deutsche Bank AG             4.200   6/24/2019    EUR     62.880
Deutsche Bank AG             4.200   6/24/2019    EUR     60.790
Deutsche Bank AG             4.200   6/24/2019    EUR     55.310
Deutsche Bank AG             4.200   6/24/2019    EUR     53.270
Deutsche Bank AG             4.200   6/24/2019    EUR     54.400
Deutsche Bank AG             4.200   6/24/2019    EUR     52.140
Leonteq Securities AG/G      9.800   6/12/2020    CHF     52.120
Deutsche Bank AG             6.200   6/24/2019    EUR     67.040
Deutsche Bank AG             6.200   6/24/2019    EUR     53.120
Deutsche Bank AG             6.200   6/24/2019    EUR     62.570
Deutsche Bank AG             6.200   6/24/2019    EUR     60.080
Deutsche Bank AG             6.200   6/24/2019    EUR     60.080
Deutsche Bank AG             6.200   6/24/2019    EUR     72.370
Deutsche Bank AG             6.200   6/24/2019    EUR     70.170
Deutsche Bank AG             6.200   6/24/2019    EUR     55.520
Deutsche Bank AG             6.200   6/24/2019    EUR     53.470
Deutsche Bank AG             6.200   6/24/2019    EUR     63.090
Deutsche Bank AG             6.200   6/24/2019    EUR     60.990
Deutsche Bank AG             6.200   6/24/2019    EUR     71.870
Deutsche Bank AG             6.200   6/24/2019    EUR     54.610
Deutsche Bank AG             6.200   6/24/2019    EUR     52.350
DekaBank Deutsche Giroz      3.000  12/29/2022    EUR     72.510
DekaBank Deutsche Giroz      4.050    7/3/2020    EUR     58.360
UBS AG/London                5.100   6/27/2019    EUR     63.080
UBS AG/London                6.500   6/27/2019    EUR     72.860
UBS AG/London                4.200   6/27/2019    EUR     66.200
UBS AG/London                8.750    6/6/2019    EUR     41.400
UBS AG/London               10.000    6/6/2019    EUR     61.700
Corner Banca SA             12.000   6/14/2019    CHF     51.340
Leonteq Securities AG/G      7.000  12/15/2020    CHF     64.430
Raiffeisen Schweiz Geno      9.000  12/18/2019    CHF     51.200
Raiffeisen Schweiz Geno      5.500   6/18/2019    EUR     54.610
Leonteq Securities AG/G      7.000  12/15/2020    EUR     68.050
Leonteq Securities AG/G      8.400  12/18/2019    CHF     31.300
Deutsche Bank AG             4.200   3/24/2020    EUR     74.700
Deutsche Bank AG             4.200   6/23/2020    EUR     71.700
Deutsche Bank AG             4.200   9/22/2020    EUR     72.200
Deutsche Bank AG             4.200  12/22/2020    EUR     72.800
Deutsche Bank AG             3.200   6/25/2019    EUR     68.000
Deutsche Bank AG             3.200   6/25/2019    EUR     70.400
Deutsche Bank AG             3.200   6/25/2019    EUR     67.800
Deutsche Bank AG             3.200   6/25/2019    EUR     57.700
Deutsche Bank AG             3.200   6/25/2019    EUR     59.800
DZ Bank AG Deutsche Zen      4.700   9/23/2019    EUR     67.100
Bank Julius Baer & Co L      7.300   11/7/2019    CHF     69.100
Landesbank Baden-Wuertt      3.000  12/29/2020    EUR     72.070
Landesbank Baden-Wuertt      5.000  12/29/2020    EUR     67.340
Zurcher Kantonalbank Fi      6.500    8/8/2019    CHF     67.230
Vontobel Financial Prod     10.000   9/27/2019    EUR     58.040
DZ Bank AG Deutsche Zen      6.500   6/26/2019    EUR     55.870
DZ Bank AG Deutsche Zen      7.500   6/26/2019    EUR     71.070
DZ Bank AG Deutsche Zen      7.750   9/25/2019    EUR     72.830
Commerzbank AG               9.000   7/26/2019    EUR     72.180
Commerzbank AG               7.250   7/26/2019    EUR     67.430
Commerzbank AG               9.250   7/26/2019    EUR     63.840
Commerzbank AG              11.250   7/26/2019    EUR     60.980
Commerzbank AG              13.250   7/26/2019    EUR     58.600
Commerzbank AG              15.250   7/26/2019    EUR     56.410
Commerzbank AG               5.750   6/28/2019    EUR     71.580
Vontobel Financial Prod      6.500   6/28/2019    EUR     72.160
Vontobel Financial Prod      9.000   6/28/2019    EUR     66.950
Vontobel Financial Prod     14.550   6/28/2019    EUR     58.730
Vontobel Financial Prod      8.500   9/27/2019    EUR     68.000
Vontobel Financial Prod     11.000   9/27/2019    EUR     64.570
Vontobel Financial Prod     15.500   9/27/2019    EUR     58.890
Vontobel Financial Prod     18.000   9/27/2019    EUR     56.690
Landesbank Baden-Wuertt      4.000   1/24/2020    EUR     68.490
Landesbank Baden-Wuertt      4.000   1/24/2020    EUR     67.110
Landesbank Baden-Wuertt      2.500   1/24/2020    EUR     71.170
Landesbank Baden-Wuertt      5.500   1/24/2020    EUR     63.450
Landesbank Baden-Wuertt      6.000   1/24/2020    EUR     70.130
Landesbank Baden-Wuertt      4.500   1/24/2020    EUR     69.280
Landesbank Baden-Wuertt      2.500   1/24/2020    EUR     70.960
Landesbank Baden-Wuertt      5.500   2/28/2020    EUR     64.930
Commerzbank AG              10.750   7/26/2019    EUR     68.850
Commerzbank AG               5.500   7/26/2019    EUR     61.160
Commerzbank AG              10.000   7/26/2019    EUR     66.540
Commerzbank AG               7.000   6/28/2019    EUR     71.650
Commerzbank AG               7.500   7/26/2019    EUR     65.540
Commerzbank AG               8.000   6/28/2019    EUR     67.850
DekaBank Deutsche Giroz      5.000   8/29/2019    EUR     63.030
DekaBank Deutsche Giroz      5.000   2/28/2020    EUR     59.890
Leonteq Securities AG        8.000    8/2/2019    CHF     34.670
Bank Julius Baer & Co L      6.000    8/6/2019    CHF     59.750
EFG International Finan     13.600   2/20/2020    USD     64.230
Commerzbank AG              12.250   6/28/2019    EUR     62.620
Commerzbank AG               8.250   6/28/2019    EUR     71.300
Commerzbank AG               6.000   6/28/2019    EUR     73.130
UBS AG/London                9.500    2/3/2020    CHF     64.650
UBS AG/London                5.000    2/2/2021    CHF     73.400
Zurcher Kantonalbank Fi      7.500    8/2/2019    CHF     73.070
Vontobel Financial Prod      1.750   9/13/2019    EUR     71.710
Vontobel Financial Prod      6.800   9/13/2019    EUR     62.100
Vontobel Financial Prod      9.150   9/13/2019    EUR     59.850
Vontobel Financial Prod     14.850   9/13/2019    EUR     74.200
Commerzbank AG               5.000   6/21/2019    EUR     73.020
Commerzbank AG               5.000   6/21/2019    EUR     72.020
Raiffeisen Schweiz Geno      5.200   8/10/2020    CHF     74.980
Raiffeisen Schweiz Geno      8.700  11/13/2019    USD     67.630
Vontobel Financial Prod     15.000   9/13/2019    EUR     60.780
Vontobel Financial Prod      4.300   9/13/2019    EUR     72.920
Vontobel Financial Prod      7.900   9/13/2019    EUR     66.910
Vontobel Financial Prod     10.050   9/13/2019    EUR     64.510
Vontobel Financial Prod      4.350   9/13/2019    EUR     60.200
Vontobel Financial Prod      6.600   9/13/2019    EUR     57.240
Vontobel Financial Prod     12.000   9/13/2019    EUR     52.790
Vontobel Financial Prod     10.400   6/21/2019    EUR     65.170
Vontobel Financial Prod     15.300   6/14/2019    EUR     59.680
Vontobel Financial Prod      7.300   9/13/2019    EUR     70.920
Vontobel Financial Prod     10.250   9/13/2019    EUR     67.280
Commerzbank AG               7.500  12/31/2019    EUR     68.080
Commerzbank AG              11.500  12/31/2019    EUR     60.060
Commerzbank AG              15.500  12/31/2019    EUR     56.760
Vontobel Financial Prod      1.950   9/13/2019    EUR     68.930
Vontobel Financial Prod      4.000   9/13/2019    EUR     63.230
Commerzbank AG               7.000   6/28/2019    EUR     72.930
Commerzbank AG               9.250   6/28/2019    EUR     68.350
Commerzbank AG               6.750   7/26/2019    EUR     73.760
Commerzbank AG               8.750   7/26/2019    EUR     69.490
Commerzbank AG               5.500    7/5/2019    EUR     74.320
Vontobel Financial Prod      4.600   9/13/2019    EUR     68.030
Raiffeisen Schweiz Geno     10.200   5/24/2019    CHF     46.080
Raiffeisen Schweiz Geno      7.000   5/24/2019    CHF     61.770
Leonteq Securities AG/G      7.400  11/27/2019    USD     62.600
Landesbank Hessen-Thuer      4.350   6/21/2019    EUR     53.400
Leonteq Securities AG/G      4.200    6/1/2021    CHF     48.640
Vontobel Financial Prod      8.500   3/27/2020    EUR     75.070
Vontobel Financial Prod     10.000   3/27/2020    EUR     73.230
Landesbank Baden-Wuertt      3.100   2/25/2022    EUR     70.070
Raiffeisen Centrobank A      4.311   9/24/2019    EUR     56.750
Landesbank Hessen-Thuer      6.250  12/22/2022    EUR     70.660
EFG International Finan      8.000   12/6/2019    EUR     60.530
UBS AG/London                7.750  11/22/2019    CHF     61.550
Leonteq Securities AG/G     10.400   12/4/2019    EUR     59.680
Landesbank Hessen-Thuer      3.250    7/8/2020    EUR     75.300
UBS AG/London                8.000   5/23/2019    CHF     46.500
Raiffeisen Schweiz Geno      6.500    6/4/2019    EUR     54.940
Leonteq Securities AG/G      6.400    6/4/2020    CHF     28.350
Leonteq Securities AG/G      9.000    6/4/2020    USD     65.910
UBS AG/London                8.380   5/23/2019    EUR     46.550
Landesbank Hessen-Thuer      3.800    7/8/2019    EUR     52.700
HSBC Trinkaus & Burkhar      5.500   6/28/2019    EUR     71.320
HSBC Trinkaus & Burkhar      3.000   6/28/2019    EUR     58.230
UBS AG/London               10.250   5/24/2019    USD     59.500
Vontobel Financial Prod      4.500  12/30/2020    EUR     72.970
DekaBank Deutsche Giroz      3.800  12/18/2020    EUR     65.150
HSBC Trinkaus & Burkhar      5.100   6/26/2020    EUR     72.900
HSBC Trinkaus & Burkhar      8.800   9/25/2020    EUR     67.460
HSBC Trinkaus & Burkhar      6.500   9/25/2020    EUR     70.660
HSBC Trinkaus & Burkhar     10.700  10/25/2019    EUR     61.140
HSBC Trinkaus & Burkhar     10.400  11/22/2019    EUR     61.830
HSBC Trinkaus & Burkhar      3.300  11/22/2019    EUR     73.730
HSBC Trinkaus & Burkhar      3.400   1/24/2020    EUR     73.790
HSBC Trinkaus & Burkhar      3.600   2/28/2020    EUR     73.890
HSBC Trinkaus & Burkhar     10.400   6/26/2020    EUR     65.320
Landesbank Baden-Wuertt      4.500   6/28/2019    EUR     46.010
EFG International Finan      7.200   10/5/2020    USD     51.840
Leonteq Securities AG/G      7.000   9/29/2020    CHF     60.230
Commerzbank AG              18.000   9/27/2019    EUR     53.120
Landesbank Baden-Wuertt      2.050   6/28/2019    EUR     61.910
EFG International Finan      7.000  10/12/2020    EUR     55.890
UBS AG/London                6.500   6/25/2020    EUR     62.420
Zurcher Kantonalbank Fi      8.500   8/16/2019    CHF     73.070
UBS AG/London               21.000   6/27/2019    EUR     68.200
UBS AG/London                4.200   9/26/2019    EUR     72.930
UBS AG/London               19.500   6/27/2019    EUR     59.660
UBS AG/London               23.600   6/27/2019    EUR     68.710
UBS AG/London               24.500   6/27/2019    EUR     54.330
UBS AG/London               13.900   6/27/2019    EUR     62.480
UBS AG/London               22.100   6/27/2019    EUR     57.750
Leonteq Securities AG       10.000  11/20/2019    CHF     46.890
Commerzbank AG               3.000   5/24/2019    EUR     70.810
Leonteq Securities AG        5.000   2/17/2021    CHF     60.610
Commerzbank AG              10.250   6/28/2019    EUR     70.680
UBS AG/London                9.000    8/9/2019    CHF     61.400
UBS AG/London                5.000    8/8/2019    CHF     69.650
UBS AG/London               10.000    8/8/2019    CHF     62.600
UBS AG/London                6.000   2/10/2020    EUR     66.200
UBS AG/London                7.750    8/8/2019    EUR     56.100
UBS AG/London                5.250    8/8/2019    EUR     60.050
UBS AG/London                6.500   8/10/2020    CHF     72.200
UBS AG/London               10.000   8/10/2020    CHF     68.950
UBS AG/London                6.000   8/10/2020    EUR     73.750
UBS AG/London                6.500    2/8/2021    EUR     69.000
Raiffeisen Schweiz Geno      6.000   2/17/2020    CHF     61.380
EFG International Finan     10.000   8/22/2019    CHF     67.280
Commerzbank AG              10.500   6/28/2019    EUR     67.230
Commerzbank AG               7.000   5/24/2019    EUR     62.410
Commerzbank AG               9.000   5/24/2019    EUR     59.600
Commerzbank AG               3.000   7/26/2019    EUR     51.660
Commerzbank AG               7.750   9/27/2019    EUR     73.520
Landesbank Baden-Wuertt      2.900  10/23/2020    EUR     56.420
UniCredit Bank AG            3.120   9/25/2020    EUR     56.720
UniCredit Bank AG            4.920   9/25/2020    EUR     58.970
UBS AG/London                7.250   9/27/2019    EUR     70.650
UBS AG/London               12.000   9/27/2019    EUR     64.350
UBS AG/London               12.000   9/27/2019    EUR     56.350
UBS AG/London                7.000   3/27/2020    CHF     58.800
EFG International Finan      8.000  10/11/2019    USD     57.480
UniCredit Bank AG            4.000  10/24/2021    EUR     69.620
Leonteq Securities AG/G      8.100    4/6/2020    CHF     64.300
Landesbank Hessen-Thuer      3.100    8/6/2019    EUR     61.000
Finca Uco Cjsc               6.000   2/25/2022    USD     25.275
Leonteq Securities AG/G      1.960   7/22/2019    EUR     40.000
Landesbank Baden-Wuertt      4.000   1/24/2020    EUR     67.990
Landesbank Baden-Wuertt      6.500   1/24/2020    EUR     64.950
HSBC Trinkaus & Burkhar      7.700   6/26/2020    EUR     66.320
HSBC Trinkaus & Burkhar      5.200   6/26/2020    EUR     70.480
HSBC Trinkaus & Burkhar      9.700   2/28/2020    EUR     61.920
HSBC Trinkaus & Burkhar     10.500   6/26/2020    EUR     63.620
UBS AG/London               11.000   11/7/2019    EUR     55.000
Commerzbank AG              17.750   6/28/2019    EUR     67.760
Commerzbank AG              16.750   6/28/2019    EUR     70.750
Landesbank Hessen-Thuer      3.000  10/20/2022    EUR     66.200
HSBC Trinkaus & Burkhar      6.500  10/25/2019    EUR     66.470
HSBC Trinkaus & Burkhar      6.400  11/22/2019    EUR     66.850
HSBC Trinkaus & Burkhar      6.300   1/24/2020    EUR     67.680
HSBC Trinkaus & Burkhar      9.500   2/28/2020    EUR     63.750
HSBC Trinkaus & Burkhar      6.300   2/28/2020    EUR     68.040
HSBC Trinkaus & Burkhar     12.300   6/26/2020    EUR     63.900
HSBC Trinkaus & Burkhar      7.600   6/26/2020    EUR     68.380
Landesbank Baden-Wuertt      2.350   6/26/2020    EUR     64.350
Landesbank Baden-Wuertt      3.700   6/26/2020    EUR     66.290
Landesbank Baden-Wuertt      2.750   6/28/2019    EUR     58.170
DekaBank Deutsche Giroz      2.000  10/16/2020    EUR     57.930
Samaratransneft-Termina     12.000   9/20/2022    RUB      0.300
UniCredit Bank AG            5.350  10/18/2020    EUR     59.770
Commerzbank AG              21.500   6/28/2019    EUR     50.300
Commerzbank AG              23.500   6/28/2019    EUR     49.410
Landesbank Hessen-Thuer      5.700  10/27/2022    EUR     66.420
UniCredit Bank AG            4.500  11/12/2022    EUR     63.580
Landesbank Baden-Wuertt      3.000  10/23/2020    EUR     52.780
DekaBank Deutsche Giroz      2.250   11/8/2022    EUR     73.890
Vontobel Financial Prod      8.000   6/28/2019    EUR     72.990
Vontobel Financial Prod      6.500   6/28/2019    EUR     64.990
Vontobel Financial Prod     14.000    1/3/2020    EUR     73.730
Vontobel Financial Prod     12.000    1/3/2020    EUR     75.850
Vontobel Financial Prod      8.000   8/23/2019    EUR     70.660
Vontobel Financial Prod      5.000   8/23/2019    EUR     69.250
Corner Banca SA             11.800  11/13/2019    CHF     61.030
Leonteq Securities AG       14.000   11/6/2019    CHF     56.890
Credit Suisse AG/Nassau      7.250  11/15/2019    CHF     63.780
Raiffeisen Centrobank A     11.000    8/7/2019    EUR     68.650
Leonteq Securities AG/G     10.000    2/7/2020    CHF     71.630
Vontobel Financial Prod      7.950    6/7/2019    EUR     54.930
Commerzbank AG               5.500   7/26/2019    EUR     72.530
Commerzbank AG              11.500   7/26/2019    EUR     61.480
Commerzbank AG               9.250   7/26/2019    EUR     39.620
Commerzbank AG              12.000   6/28/2019    EUR     60.540
DZ Bank AG Deutsche Zen      6.750   8/21/2019    EUR     62.230
DZ Bank AG Deutsche Zen      8.000   9/25/2019    EUR     58.520
Credit Suisse AG/Nassau      7.000  11/15/2019    EUR     61.510
Bank Julius Baer & Co L      9.650   8/14/2019    CHF     42.550
Credit Suisse AG/Nassau      9.500  11/18/2019    CHF     60.090
DekaBank Deutsche Giroz      4.820    8/7/2019    EUR     64.270
Landesbank Baden-Wuertt      3.260   8/23/2019    EUR     67.900
Commerzbank AG              11.250   7/26/2019    EUR     39.410
Commerzbank AG               7.750   6/28/2019    EUR     65.770
Commerzbank AG               9.750   6/28/2019    EUR     62.810
UBS AG/London               10.100   9/26/2019    EUR     60.600
UBS AG/London                7.600   6/27/2019    EUR     62.600
UBS AG/London               11.200   6/27/2019    EUR     58.300
UBS AG/London                7.200   3/26/2020    EUR     66.410
UBS AG/London                9.100   3/26/2020    EUR     63.880
Leonteq Securities AG/G      5.000   8/17/2020    CHF     73.030
UBS AG/London               15.300   6/27/2019    EUR     55.800
UBS AG/London               20.200   6/27/2019    EUR     65.910
UBS AG/London                2.800    1/2/2020    EUR     72.330
UBS AG/London                8.500   6/27/2019    EUR     68.520
UBS AG/London                6.000   6/27/2019    EUR     72.260
Commerzbank AG               9.500   5/24/2019    EUR     73.770
Leonteq Securities AG/G     10.000  11/20/2019    EUR     69.760
UBS AG/London                8.400   6/27/2019    EUR     74.080
UBS AG/London               25.400   9/26/2019    EUR     63.660
UBS AG/London               22.000   9/26/2019    EUR     69.340
Vontobel Financial Prod     14.000  12/31/2019    EUR     70.560
Vontobel Financial Prod     16.000    1/3/2020    EUR     71.740
Landesbank Baden-Wuertt      2.500  11/22/2019    EUR     59.920
Vontobel Financial Prod     12.500   9/27/2019    EUR     67.780
DZ Bank AG Deutsche Zen      6.500   9/23/2019    EUR     72.690
UBS AG/London                9.000   5/14/2020    CHF     70.500
Commerzbank AG              15.750   7/26/2019    EUR     71.810
DZ Bank AG Deutsche Zen      5.500   8/21/2019    EUR     62.780
DekaBank Deutsche Giroz      3.450   7/31/2020    EUR     63.060
Vontobel Financial Prod      9.500    8/8/2019    EUR     57.450
UBS AG/London                9.100   6/25/2020    EUR     61.500
UBS AG/London                9.700    1/2/2020    EUR     62.670
Zurcher Kantonalbank Fi      7.250   8/16/2019    EUR     62.390
UBS AG/London               23.000   9/26/2019    EUR     60.020
UBS AG/London                2.200   6/27/2019    EUR     71.190
UBS AG/London                3.600   6/27/2019    EUR     73.840
UBS AG/London               12.900   9/26/2019    EUR     61.900
UBS AG/London                2.600   9/26/2019    EUR     71.760
UBS AG/London                4.000    1/2/2020    EUR     73.730
Credit Suisse AG/Nassau      8.250  11/18/2019    EUR     64.060
Leonteq Securities AG/G     10.600   2/17/2020    CHF     56.740
Commerzbank AG              11.500   5/24/2019    EUR     70.810
Commerzbank AG              13.500   5/24/2019    EUR     68.270
Commerzbank AG              13.000   5/24/2019    EUR     54.910
Commerzbank AG               9.000   7/26/2019    EUR     62.030
Leonteq Securities AG/G     16.000  11/20/2019    USD     69.640
Corner Banca SA             10.000   2/20/2020    CHF     74.240
Commerzbank AG              11.000   5/24/2019    EUR     57.310
Vontobel Financial Prod     10.000   8/23/2019    EUR     65.830
Vontobel Financial Prod     12.000   8/23/2019    EUR     71.320
Landesbank Baden-Wuertt      5.000   1/24/2020    EUR     73.830
Landesbank Baden-Wuertt      7.000   1/24/2020    EUR     70.680
HSBC Trinkaus & Burkhar     10.300   6/26/2020    EUR     70.670
HSBC Trinkaus & Burkhar      1.880   3/27/2020    EUR     71.290
Commerzbank AG               1.580   9/16/2024    USD      4.030
Commerzbank AG              20.750   6/28/2019    EUR     75.130
Leonteq Securities AG/G      5.400   9/25/2019    CHF     55.190
Landesbank Hessen-Thuer      7.700   1/20/2023    EUR     61.070
Landesbank Hessen-Thuer      7.000  10/20/2022    EUR     65.150
Landesbank Baden-Wuertt      4.500  11/22/2019    EUR     55.840
Vontobel Financial Prod     11.000    1/3/2020    EUR     69.670
Commerzbank AG              14.750   8/23/2019    EUR     72.720
Commerzbank AG              16.500   7/26/2019    EUR     69.000
Commerzbank AG              14.750   6/28/2019    EUR     72.760
Bank Julius Baer & Co L      8.650  11/15/2019    EUR     68.600
Zurcher Kantonalbank Fi      7.500  11/15/2019    USD     63.460
Commerzbank AG               3.750  10/25/2019    EUR     64.490
Commerzbank AG               7.750  10/25/2019    EUR     55.210
UBS AG/London               19.300   9/26/2019    EUR     72.230
UBS AG/London               21.900   9/26/2019    EUR     70.400
UBS AG/London               16.200   9/26/2019    EUR     73.230
Vontobel Financial Prod     12.000    1/3/2020    EUR     68.840
DZ Bank AG Deutsche Zen      6.250  12/23/2019    EUR     73.030
DZ Bank AG Deutsche Zen      7.750   9/23/2019    EUR     74.320
HSBC Trinkaus & Burkhar     11.400  12/27/2019    EUR     67.550
HSBC Trinkaus & Burkhar      8.900   6/26/2020    EUR     71.130
HSBC Trinkaus & Burkhar      7.900  12/28/2020    EUR     73.960
UBS AG/London                9.500   9/13/2019    CHF     55.200
Zurcher Kantonalbank Fi      7.750   9/26/2019    EUR     55.640
EFG International Finan      6.600   9/28/2020    EUR     59.390
UniCredit Bank AG            5.400  10/30/2020    EUR     58.540
Commerzbank AG              16.250   8/23/2019    EUR     76.020
Raiffeisen Schweiz Geno      5.700   6/19/2019    CHF     70.120
UniCredit Bank AG            7.000  10/25/2019    EUR     66.320
Commerzbank AG              10.250   7/26/2019    EUR     70.410
Commerzbank AG              12.250   7/26/2019    EUR     68.260
Commerzbank AG              14.250   7/26/2019    EUR     66.500
Commerzbank AG               7.500   8/23/2019    EUR     74.360
Commerzbank AG              17.500   6/28/2019    EUR     54.910
Commerzbank AG              12.250   7/26/2019    EUR     60.340
Commerzbank AG               7.000   8/23/2019    EUR     69.360
Commerzbank AG              11.000   8/23/2019    EUR     61.970
Commerzbank AG              15.000   8/23/2019    EUR     57.320
Commerzbank AG              13.750   9/27/2019    EUR     58.540
Commerzbank AG               7.250  10/25/2019    EUR     69.000
Commerzbank AG              13.000   6/28/2019    EUR     70.840
Commerzbank AG              11.250  10/25/2019    EUR     61.720
DZ Bank AG Deutsche Zen      5.000  11/20/2019    EUR     67.190
Commerzbank AG              17.750   7/26/2019    EUR     75.400
UBS AG/London                8.750   4/27/2020    EUR     72.550
UBS AG/London                8.500   6/15/2020    USD     72.900
UBS AG/London                6.500  12/14/2020    EUR     63.950
UBS AG/London                5.000   6/13/2019    CHF     67.500
UBS AG/London                5.500  12/13/2019    CHF     74.350
Natixis SA                   2.075   6/22/2020    EUR     68.476
Vontobel Financial Prod      7.000   6/28/2019    EUR     60.680
Vontobel Financial Prod      8.000   6/28/2019    EUR     59.420
Vontobel Financial Prod      8.550   6/28/2019    EUR     58.170
Vontobel Financial Prod      5.000   6/28/2019    EUR     65.560
Leonteq Securities AG       13.750   11/7/2019    CHF     56.400
Vontobel Financial Prod      8.000   6/28/2019    EUR     62.110
Bank Julius Baer & Co L      8.500  10/28/2019    EUR     60.400
Leonteq Securities AG       14.000    8/7/2019    CHF     46.920
Credit Suisse AG/Nassau      8.000    8/8/2019    EUR     58.550
DekaBank Deutsche Giroz      2.450   1/11/2021    EUR     66.440
Raiffeisen Schweiz Geno      5.000  12/22/2020    CHF     63.370
BNP Paribas Emissions-       9.000   6/27/2019    EUR     55.210
BNP Paribas Emissions-      12.000   6/27/2019    EUR     55.500
BNP Paribas Emissions-       4.500   6/27/2019    EUR     53.270
BNP Paribas Emissions-       6.000   6/27/2019    EUR     60.630
BNP Paribas Emissions-      18.000   6/27/2019    EUR     61.790
BNP Paribas Emissions-       5.500   6/27/2019    EUR     59.960
BNP Paribas Emissions-       9.500   6/27/2019    EUR     60.350
BNP Paribas Emissions-      17.000   6/27/2019    EUR     61.070
BNP Paribas Emissions-      11.000   6/27/2019    EUR     59.280
BNP Paribas Emissions-      19.000   6/27/2019    EUR     60.050
BNP Paribas Emissions-       8.000   6/27/2019    EUR     57.830
BNP Paribas Emissions-      10.000   6/27/2019    EUR     58.020
BNP Paribas Emissions-       7.500   6/27/2019    EUR     56.660
BNP Paribas Emissions-       6.500  12/30/2019    EUR     62.110
BNP Paribas Emissions-      11.000  12/30/2019    EUR     64.850
BNP Paribas Emissions-      19.000  12/30/2019    EUR     69.720
BNP Paribas Emissions-       5.000  12/30/2019    EUR     60.040
BNP Paribas Emissions-       7.000  12/30/2019    EUR     61.260
BNP Paribas Emissions-       9.000  12/30/2019    EUR     62.480
BNP Paribas Emissions-       9.500  12/30/2019    EUR     69.180
BNP Paribas Emissions-      17.000  12/30/2019    EUR     73.740
BNP Paribas Emissions-       6.000   6/27/2019    EUR     63.970
BNP Paribas Emissions-       8.000   6/27/2019    EUR     64.160
BNP Paribas Emissions-       9.500   6/27/2019    EUR     56.850
BNP Paribas Emissions-      13.000   6/27/2019    EUR     57.190
BNP Paribas Emissions-      17.000   6/27/2019    EUR     57.580
BNP Paribas Emissions-       8.500   6/27/2019    EUR     62.830
BNP Paribas Emissions-      19.000   6/27/2019    EUR     63.850
BNP Paribas Emissions-       7.500   6/27/2019    EUR     61.420
BNP Paribas Emissions-      13.000   6/27/2019    EUR     61.950
BNP Paribas Emissions-       3.000  12/30/2019    EUR     63.190
BNP Paribas Emissions-       3.000   9/26/2019    EUR     66.250
BNP Paribas Emissions-       3.500   6/27/2019    EUR     64.730
BNP Paribas Emissions-       3.000   9/26/2019    EUR     65.290
BNP Paribas Emissions-       6.000   6/27/2019    EUR     63.260
BNP Paribas Emissions-       7.500   6/27/2019    EUR     53.560
BNP Paribas Emissions-      13.000   6/27/2019    EUR     54.090
BNP Paribas Emissions-       7.500  12/30/2019    EUR     66.450
BNP Paribas Emissions-       5.000  12/30/2019    EUR     63.010
BNP Paribas Emissions-      12.000  12/30/2019    EUR     67.270
BNP Paribas Emissions-       7.500  12/30/2019    EUR     63.910
BNP Paribas Emissions-      13.000  12/30/2019    EUR     67.260
BNP Paribas Emissions-       4.500  12/30/2019    EUR     58.630
BNP Paribas Emissions-       8.500  12/30/2019    EUR     61.070
BNP Paribas Emissions-       6.500  12/30/2019    EUR     73.580
BNP Paribas Emissions-       8.000  12/30/2019    EUR     71.260
BNP Paribas Emissions-       3.500  12/30/2019    EUR     73.400
BNP Paribas Emissions-      15.000  12/30/2019    EUR     65.030
BNP Paribas Emissions-      16.000  12/30/2019    EUR     64.050
BNP Paribas Emissions-       4.500  12/30/2019    EUR     55.550
BNP Paribas Emissions-       8.500  12/30/2019    EUR     57.980
BNP Paribas Emissions-      11.000  12/30/2019    EUR     59.510
Vontobel Financial Prod      5.550   6/28/2019    EUR     61.880
Vontobel Financial Prod      3.500   6/28/2019    EUR     67.520
Vontobel Financial Prod      6.550   6/28/2019    EUR     59.760
Vontobel Financial Prod     12.000   6/28/2019    EUR     52.160
Vontobel Financial Prod     13.500   6/28/2019    EUR     50.620
UniCredit Bank AG            3.850   2/14/2021    EUR     67.600
Bayerische Landesbank        2.800   2/21/2020    EUR     67.430
Vontobel Financial Prod      4.300   11/4/2019    EUR     60.770
UBS AG/London                9.000   4/14/2020    CHF     69.900
UBS AG/London               11.000  10/11/2019    CHF     49.850
Credit Suisse AG/Nassau      8.000  10/23/2019    EUR     61.610
Deutsche Bank AG             4.200   6/25/2019    EUR     61.500
Deutsche Bank AG             6.200   6/25/2019    EUR     54.300
Deutsche Bank AG             4.200   9/24/2019    EUR     60.000
Deutsche Bank AG             4.200   9/24/2019    EUR     56.400
Deutsche Bank AG             6.200   9/24/2019    EUR     55.800
Deutsche Bank AG             4.200  12/24/2019    EUR     64.900
Deutsche Bank AG             4.200  12/24/2019    EUR     63.300
Deutsche Bank AG             4.200  12/24/2019    EUR     57.300
Deutsche Bank AG             6.200  12/24/2019    EUR     57.200
Deutsche Bank AG             8.200   6/25/2019    EUR     57.300
Deutsche Bank AG             8.200   6/25/2019    EUR     55.800
Deutsche Bank AG             8.200   9/24/2019    EUR     61.400
Deutsche Bank AG             8.200   9/24/2019    EUR     59.200
Deutsche Bank AG             8.200   9/24/2019    EUR     57.800
Deutsche Bank AG             8.200  12/24/2019    EUR     63.300
UniCredit Bank AG            5.700   5/14/2021    EUR     59.850
Landesbank Hessen-Thuer      5.500   5/25/2023    EUR     46.160
Corner Banca SA             11.000  12/18/2019    CHF     55.800
DZ Bank AG Deutsche Zen      5.700   6/26/2019    EUR     55.800
DZ Bank AG Deutsche Zen      8.000   6/26/2019    EUR     72.690
DZ Bank AG Deutsche Zen     11.300   6/26/2019    EUR     57.940
DZ Bank AG Deutsche Zen     13.500   6/26/2019    EUR     54.830
DZ Bank AG Deutsche Zen      5.400   6/26/2019    EUR     73.130
DZ Bank AG Deutsche Zen      7.900   6/26/2019    EUR     55.110
DZ Bank AG Deutsche Zen      7.600   6/26/2019    EUR     68.450
Vontobel Financial Prod     14.000   6/28/2019    EUR     63.600
HSBC Trinkaus & Burkhar      4.200   6/28/2019    EUR     69.580
HSBC Trinkaus & Burkhar      6.200   8/23/2019    EUR     69.310
HSBC Trinkaus & Burkhar      5.400   6/28/2019    EUR     35.110
HSBC Trinkaus & Burkhar      3.100   6/28/2019    EUR     58.420
HSBC Trinkaus & Burkhar     12.300   6/28/2019    EUR     52.850
HSBC Trinkaus & Burkhar     10.900   6/28/2019    EUR     54.610
HSBC Trinkaus & Burkhar      7.900   8/23/2019    EUR     59.720
HSBC Trinkaus & Burkhar      5.200   9/27/2019    EUR     64.100
HSBC Trinkaus & Burkhar      2.600   9/27/2019    EUR     71.340
HSBC Trinkaus & Burkhar      2.400   7/26/2019    EUR     71.550
HSBC Trinkaus & Burkhar      9.400   6/28/2019    EUR     53.350
HSBC Trinkaus & Burkhar      7.500   6/28/2019    EUR     56.290
HSBC Trinkaus & Burkhar      4.400   8/23/2019    EUR     67.080
Societe Generale SA          7.000  10/20/2020    USD      0.250
UBS AG/London                7.500  10/25/2019    CHF     61.100
UBS AG/London                7.000  12/14/2020    CHF     61.850
UBS AG/London                8.750   6/15/2020    EUR     69.200
UBS AG/London                7.400   6/13/2019    CHF     54.500
Landesbank Hessen-Thuer      3.100   8/13/2020    EUR     67.400
Vontobel Financial Prod      6.500   6/28/2019    EUR     62.880
Vontobel Financial Prod      9.500   6/28/2019    EUR     58.200
Vontobel Financial Prod      6.000   6/28/2019    EUR     59.500
Vontobel Financial Prod      8.000   6/28/2019    EUR     56.030
Bank Julius Baer & Co L      8.500  12/23/2019    EUR     73.200
Vontobel Financial Prod      4.200   9/27/2019    EUR     69.780
Leonteq Securities AG       16.000   11/4/2019    USD     56.790
Vontobel Financial Prod      5.500   6/28/2019    EUR     67.990
Vontobel Financial Prod     14.000   6/28/2019    EUR     53.290
Bank Julius Baer & Co L      7.700   9/20/2019    USD     50.900
Raiffeisen Schweiz Geno      8.200    8/7/2019    CHF     52.910
Raiffeisen Schweiz Geno      5.500    5/4/2020    CHF     62.810
Leonteq Securities AG/G     17.000    8/7/2019    USD     66.950
Raiffeisen Schweiz Geno      6.000    1/6/2020    CHF     52.660
BNP Paribas Emissions-       7.000   6/27/2019    EUR     55.020
BNP Paribas Emissions-      16.000   6/27/2019    EUR     55.890
BNP Paribas Emissions-      20.000   6/27/2019    EUR     56.270
BNP Paribas Emissions-       8.000   6/27/2019    EUR     60.830
UBS AG/London                6.750  10/11/2019    EUR     69.250
DekaBank Deutsche Giroz      4.250   11/9/2020    EUR     60.460
Bank Julius Baer & Co L      6.900   6/20/2019    CHF     60.250
Leonteq Securities AG       12.000   7/23/2019    CHF     44.360
Leonteq Securities AG       10.600   7/23/2019    CHF     62.390
Deutsche Bank AG             4.200   6/25/2019    EUR     63.300
Deutsche Bank AG             4.200   6/25/2019    EUR     56.800
Deutsche Bank AG             6.200   6/25/2019    EUR     57.000
Deutsche Bank AG             4.200   6/25/2019    EUR     55.400
Deutsche Bank AG             4.200   6/25/2019    EUR     54.100
Deutsche Bank AG             3.200  12/24/2019    EUR     63.600
Deutsche Bank AG             3.200  12/24/2019    EUR     61.100
Deutsche Bank AG             3.200   6/25/2019    EUR     60.200
Deutsche Bank AG             3.200   6/25/2019    EUR     69.600
Deutsche Bank AG             3.200   9/24/2019    EUR     73.900
Deutsche Bank AG             3.200  12/24/2019    EUR     60.600
Leonteq Securities AG       10.500    8/9/2019    CHF     25.400
Vontobel Financial Prod      7.500   6/28/2019    EUR     71.810
Vontobel Financial Prod     11.500   6/28/2019    EUR     66.750
Leonteq Securities AG       10.000  12/27/2019    EUR     62.170
Landesbank Baden-Wuertt      5.000   1/24/2020    EUR     66.810
Landesbank Baden-Wuertt      2.300   7/23/2021    EUR     71.790
DZ Bank AG Deutsche Zen      8.750   6/24/2019    EUR     72.420
DZ Bank AG Deutsche Zen      5.300   6/26/2019    EUR     50.160
DZ Bank AG Deutsche Zen     10.900   6/26/2019    EUR     52.560
Vontobel Financial Prod     10.550   6/28/2019    EUR     68.880
HSBC Trinkaus & Burkhar      6.400   8/23/2019    EUR     64.860
HSBC Trinkaus & Burkhar      9.000   6/28/2019    EUR     62.550
HSBC Trinkaus & Burkhar      5.000   8/23/2019    EUR     56.740
HSBC Trinkaus & Burkhar      6.500   8/23/2019    EUR     34.520
HSBC Trinkaus & Burkhar      4.200   8/23/2019    EUR     56.800
HSBC Trinkaus & Burkhar      5.200   8/23/2019    EUR     67.760
HSBC Trinkaus & Burkhar      5.200   8/23/2019    EUR     63.750
HSBC Trinkaus & Burkhar      2.500   8/23/2019    EUR     71.400
HSBC Trinkaus & Burkhar      2.300   6/28/2019    EUR     70.110
HSBC Trinkaus & Burkhar      5.700   8/23/2019    EUR     60.230
HSBC Trinkaus & Burkhar      9.700   6/28/2019    EUR     67.820
HSBC Trinkaus & Burkhar      8.000   6/28/2019    EUR     60.120
HSBC Trinkaus & Burkhar      4.300   9/27/2019    EUR     67.420
HSBC Trinkaus & Burkhar      3.500   6/28/2019    EUR     68.360
Vontobel Financial Prod      4.000   6/28/2019    EUR     68.280
Vontobel Financial Prod      4.550   6/28/2019    EUR     66.590
Vontobel Financial Prod      5.500   6/28/2019    EUR     65.030
Deutsche Bank AG             5.500   6/25/2019    EUR     57.100
Deutsche Bank AG             5.500  12/24/2019    EUR     59.900
Deutsche Bank AG             5.500   9/24/2019    EUR     69.700
Deutsche Bank AG             5.500   6/25/2019    EUR     70.800
Deutsche Bank AG             5.500  12/24/2019    EUR     72.600
Deutsche Bank AG             5.500   6/25/2019    EUR     55.600
Deutsche Bank AG             5.500   6/25/2019    EUR     73.400
Deutsche Bank AG             5.500   6/25/2019    EUR     66.800
Deutsche Bank AG             5.500   9/24/2019    EUR     74.200
Deutsche Bank AG             5.500  12/24/2019    EUR     75.100
Deutsche Bank AG             5.500  12/24/2019    EUR     68.700
Deutsche Bank AG             3.200   9/24/2019    EUR     68.800
Deutsche Bank AG             3.200  12/24/2019    EUR     69.500
Deutsche Bank AG             3.200  12/24/2019    EUR     66.200
Deutsche Bank AG             5.500  12/24/2019    EUR     55.500
Deutsche Bank AG             5.500  12/24/2019    EUR     50.300
Deutsche Bank AG             3.200   9/24/2019    EUR     65.600
Deutsche Bank AG             3.200  12/24/2019    EUR     68.900
Deutsche Bank AG             3.200  12/24/2019    EUR     62.700
Deutsche Bank AG             3.200  12/24/2019    EUR     60.300
Deutsche Bank AG             5.500   6/25/2019    EUR     60.300
Deutsche Bank AG             5.500   6/25/2019    EUR     56.300
Deutsche Bank AG             5.500   6/25/2019    EUR     31.400
Deutsche Bank AG             3.200   6/25/2019    EUR     64.200
Deutsche Bank AG             3.200   9/24/2019    EUR     69.300
Deutsche Bank AG             3.200   9/24/2019    EUR     68.000
Deutsche Bank AG             3.200   9/24/2019    EUR     64.900
Deutsche Bank AG             3.200  12/24/2019    EUR     71.600
Deutsche Bank AG             5.500   9/24/2019    EUR     62.300
Deutsche Bank AG             5.500   9/24/2019    EUR     59.900
Deutsche Bank AG             5.500  12/24/2019    EUR     67.300
Deutsche Bank AG             5.500  12/24/2019    EUR     63.500
Deutsche Bank AG             5.500  12/24/2019    EUR     61.200
Bank Julius Baer & Co L      5.350   6/19/2019    CHF     26.250
Deutsche Bank AG             3.200   9/24/2019    EUR     54.000
Deutsche Bank AG             3.200  12/24/2019    EUR     54.700
Deutsche Bank AG             3.200   6/25/2019    EUR     53.500
DZ Bank AG Deutsche Zen      5.000   6/26/2019    EUR     28.490
Bank Julius Baer & Co L      5.200   9/19/2019    CHF     74.550
Deutsche Bank AG             3.200   9/24/2019    EUR     63.000
Deutsche Bank AG             3.200  12/24/2019    EUR     69.300
Deutsche Bank AG             3.200  12/24/2019    EUR     66.200
Deutsche Bank AG             3.200  12/24/2019    EUR     63.300
Vontobel Financial Prod      6.000   6/28/2019    EUR     74.120
DZ Bank AG Deutsche Zen      9.500   6/26/2019    EUR     55.430
Vontobel Financial Prod      9.000   6/28/2019    EUR     60.260
DZ Bank AG Deutsche Zen     10.600   6/26/2019    EUR     69.410
Deutsche Bank AG             8.000    7/5/2019    EUR     71.460



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

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

Copyright 2019.  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.


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