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

                          E U R O P E

          Monday, February 10, 2020, Vol. 21, No. 29

                           Headlines



B O S N I A   A N D   H E R Z E G O V I N A

GP BOSNA: Belamionix Purchases Land in Sarajevo


G E R M A N Y

AENOVA: Business Overhauled by Owner to Attract Investors
APOLLO 5: Moody's Raises CFR to B3, Outlook Stable


N E T H E R L A N D S

BME GROUP: S&P Assigns 'B' LT Issuer Credit Rating, Outlook Stable


R U S S I A

DOM.RF BANK: Fitch Raises LongTerm IDR to BB+, Outlook Stable
PSA LLC: Declared Bankrupt by Samara Arbitration Court


S W I T Z E R L A N D

GLOBAL BLUE: S&P Affirms 'BB-' ICR on Announced Far Point Merger


U N I T E D   K I N G D O M

BEALES: To Shut Down 12 Stores, Up to 500 Jobs at Risk
CENTRICA: Prepares to Appoint Insider as New Chief Amid Debt Woes
FLYBE GROUP: Scrambles to Secure GBP100MM Government Loan
SMALL BUSINESS 2019-1: Moody's Affirms Ba3 Rating on Class D Notes
SOUND POINT III: S&P Assigns Prelim B-(sf) Rating on Cl. F Notes

TRENITALIA: May Pull Out of United Kingdom After GBP20MM c2c Loss


X X X X X X X X

[*] BOND PRICING: For the Week February 3 to February 7, 2020

                           - - - - -


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B O S N I A   A N D   H E R Z E G O V I N A
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GP BOSNA: Belamionix Purchases Land in Sarajevo
-----------------------------------------------
Stefan Radulovikj at SeeNews reports that Bosnian retailer
Belamionix plans to open a shopping mall, hotel, filling station,
and warehouse in Sarajevo next year -- a project worth a total of
BAM21 million (US$11.9 million/EUR10.7 million).

The shopping mall will have three floors and spread over 30,000
square metres on a plot of land in Sarajevo that Brcko-based
Belamionix has purchased, SeeNews relays, citing news portal
Biznisinfo.ba reported on Feb. 1.

The land was owned by construction company GP Bosna, which is in
bankruptcy proceedings, SeeNews discloses.

Belamionix employs some 1,000 people, operating 17 supermarkets, 12
filling stations, and 6 car washes, according to company data.




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G E R M A N Y
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AENOVA: Business Overhauled by Owner to Attract Investors
---------------------------------------------------------
Claire Ruckin at Reuters reports that German pharma company Aenova
is being overhauled by owner BC Partners, which is placing a new
capital structure to strengthen the company and increase investor
confidence, banking sources said.

Aenova returned to Europe's leveraged loan market for the first
time in 5.5 years, launching a EUR440 million term loan B on Feb. 3
to refinance some of its existing debt, Reuters relates.

In addition to the new term loan, BC Partners is also injecting
EUR100 million of new equity into Aenova and has also raised EUR100
million of subordinated, preplaced PIK, Reuters discloses.

The new debt and equity will refinance all of Aenova's existing
senior and second-lien loans, Reuters notes.

Aenova's performance has fluctuated over the past five years,
Reuters recounts.

It struggled between 2015-2017, and on the back of poor
performance, its loan traded at a low of 82.8% of face value on
Europe's secondary loan market in February 2016, according to LPC
data, when EBITDA fell below EUR90 million, Reuters notes.

However, sources, as cited by Reuters, said performance improved
during 2018-2019, with EBITDA recovering to between EUR90
million-EUR100 million.

"Aenova has had some meaningful performance issues, which is why
the transaction looks the way it does.  BC Partners is doing the
right thing with a restructure to drive Ebitda growth by addressing
manufacturing issues and being more engaged with the salesforce --
all the things they have to do with the business to guarantee a
strong future.  The fact BC Partners is putting in its own money
means they believe in the business," Reuters quotes a senior
investor as saying.

Aenova's loans recovered in Europe's secondary loan market and were
trading at 99.56 In June 2019 before tumbling to 94.79 on January
31 2020 as investors feared the company was facing maturity issues
on its existing six-year debt, Reuters relates.

Aenova, Reuters says, is paying slightly more for its new term
loan, with the new five-year TLB guided to pay 525bp over Euribor,
with a 0% floor at 99.5 OID.  The existing term loan pays 400bp
over Euribor with a 1% floor, Reuters states.

"It is a self-healing exercise for lenders meaning it is not ideal
but fixes and addresses the maturity issue and therefore makes it a
better proposition," a second senior investor, as cited by Reuters,
said.


APOLLO 5: Moody's Raises CFR to B3, Outlook Stable
--------------------------------------------------
Moody's Investors Service upgraded the corporate family rating to
B3 from Caa1, the probability of default rating to B3-PD from
Caa1-PD for Apollo 5 GmbH. Concurrently, Moody's has assigned a B3
instrument rating to the new EUR440 million term loan B and the new
EUR50 million revolving credit facility to Aenova Holding GmbH. The
outlook for both entities remains stable. The ratings are
conditional on Aenova successfully placing the new debt.

Proceeds from the EUR440 million first lien cash-pay facility and
the EUR100 million second lien pay-in-kind facility, along with
EUR100 million of equity injection from BC Partners and EUR28
million of cash on balance sheet, will be used to repay the EUR651
million of existing bank debt and fees associated with the
transaction. As part of the Senior Facility Agreement, the company
will also enter into a new RCF Agreement. Moody's will withdraw the
instrument ratings on the EUR639 million existing first and second
lien facilities upon their repayment and the EUR50 million existing
RCF upon its cancellation.

"T[he] rating action on Aenova reflects the proposed refinancing of
its capital structure, tackling the main short-term risk, which is
now more likely given the progress the company has made in its
turnaround plan. The equity injection is also credit positive
because it will reduce debt and implies that shareholders are
supportive of Aenova's transformation", says Florent Egonneau, a
Moody's Associate Vice President and lead analyst for Aenova.
"However, the turnaround remains an ongoing process that will
require management's constant focus over the next two years. The
sustainability of the capital structure is linked to the company's
capacity to deliver on its plan, especially as the PIK instrument
will toggle in 2022", added Mr. Egonneau.

RATINGS RATIONALE

The B3 corporate family rating (CFR) is supported by: (1) evidence
of some progress made under the turnaround plan with the majority
of initiatives currently on track; (2) the operational performance
in line with management expectations in 2019, pro forma the closure
of their site in Berlin, with in particular the return to topline
growth and good underlying momentum; (3) stronger credit metrics
following the equity injection and the higher free cash flow as a
result of lower interest payments associated with the proposed
refinancing; (4) the relatively good visibility in revenues thanks
to recurring business and client stickiness; (5) the good long-term
prospects in the contract development and manufacturing
organisations industry.

Conversely, the rating remains constrained by: (1) high Moody's
adjusted leverage, expected to be 6.8x as of December 2019 on a pro
forma basis with improvements thereafter dependent on EBITDA
growth; (2) the execution risk associated with the turnaround plan;
(3) limited track record in delivering sustainable EBITDA growth in
light of the company's requirement to maintain its ongoing effort
to remain competitive; (4) the geographical concentration of its
production based in Europe, particularly in Germany; (5) the
challenges arising from the fragmented and competitive nature of
the industry for CDMOs.

LIQUIDITY

Moody's considers Aenova's liquidity profile to be adequate for its
near-term requirements. It is supported by: (1) a EUR22 million
cash on balance sheet expected at closing of the transaction; (2) a
EUR50 million available under its RCF; (3) Moody's expectations of
positive free cash flow within the next 12-18 months; (4) no
meaningful debt amortization before 2025. Under the loan
documentation, the RCF lenders benefit from a springing senior
secured net leverage covenant set at 8.16x tested only when the RCF
is drawn by more than 40%. Moody's expects that Aenova will
maintain good headroom under this covenant.

STRUCTURAL CONSIDERATIONS

Using Moody's Loss Given Default for Speculative-Grade Companies
Methodology, the PDR is B3-PD, in line with the CFR, reflecting its
assumption of a 50% recovery rate, which is customary for capital
structures including first and second lien bank debt facilities.
The RCF and first lien debt are rated B3 as the instruments rank
pari passu. This is in line with the CFR due to the limited cushion
provided by the EUR100 million second lien facilities.

Moody's notes that the PIK facility will toggle 30 months from its
issuance, when it will become callable at par. Then, the company
will have the option to either pay the interest entirely in cash or
partly in cash and in kind. This mechanism will give additional
pressure for the company to complete its turnaround before 2022
because it will increase the burden of cash interest by EUR8-15
million, a number that will rise at a rate of c.EUR0.3 million
every 6 months afterwards.

OUTLOOK RATIONALE

The stable outlook reflects Moody's expectation that Moody's
adjusted leverage will improve to below 6.5x in the next 12-18
months as it benefits from continued topline growth translating
into rising EBITDA. It also includes its expectation that
management will continue its efforts to strengthen the company's
operations and generate efficiencies without disruptions. Moody's
considers that the company will not execute any major debt-funded
acquisitions or shareholder distributions.

WHAT COULD CHANGE THE RATINGS UP/DOWN

Positive rating pressure is unlikely in the near term but could
occur if: (1) the company demonstrates that the recent return to
growth and rising profitability are sustainable; (2) the company
achieves positive free cash flow; (3) Moody's adjusted gross
leveraged reduces below 5.5x.

Negative pressure on the rating could occur if: (1) the company
does not deliver in line with expectations and the forecasted
growth and profitability does not materialize; (2) Moody's gross
adjusted leverage does not fall to below 6.5x; (3) free cash flow
turns negative again; (4) liquidity deteriorates from current
levels.

PRINCIPAL METHODOLOGY

The principal methodology used in these ratings was Business and
Consumer Service Industry published in October 2016.

COMPANY PROFILE

Headquartered in Starnberg, Germany, Aenova is a leading CDMO,
providing outsourcing services for the pharmaceutical and
healthcare industries. Its 500+ clients are large and medium-sized
operators in the human pharma, consumer healthcare and animal
health sectors, to which it offers a broad range of products such
as tablets, soft gel capsules, liquids, sterile liquids and related
services. It operates primarily through 15 production sites in
Europe. In 2018, the company generated revenue of EUR722 million
and EBITDA before non-recurring items of EUR99 million.




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N E T H E R L A N D S
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BME GROUP: S&P Assigns 'B' LT Issuer Credit Rating, Outlook Stable
------------------------------------------------------------------
S&P Global Ratings assigned its 'B' long-term issuer credit and
issue ratings to BME Group Holding BV (Building Materials Europe;
BME; formerly known as Clay Holdco B.V.), the EUR980.2 million
first-lien term loan (split between the EUR280.2 million term loan
A and EUR700 million term loan B), and the EUR195.2 million
revolving credit facility (RCF), as well as its 'CCC+' issue rating
to the EUR217.6 million second-lien term loan.

The ratings reflect BME's high leverage at closing of the leveraged
buyout transaction, with about 6.5x adjusted debt to EBITDA.  S&P
said, "The ratings are also based on our view that the company
could display an increased tolerance for higher leverage and a less
conservative financial policy under its private-equity ownership.
Other factors we consider include BME's strong market positions in
the European distribution sector, large and dense distribution
networks, exposure to the cyclical construction sector, and limited
EBITDA margin."

BME is one of the leading European distributors of basic building
materials and SHAP products. S&P said, "It has clear leading
positions in the Netherlands, Northern Germany and Switzerland, and
we estimate that it generates more than 80% of revenue in markets
where it is No. 1 or No. 2. We also note that the company has
strong brand awareness through Bauking in North Germany and BMN in
the Netherlands. Furthermore, BME benefits from a wide distribution
network that is in proximity to its customers, with more than 550
warehouses and branches spread across six different countries. We
believe BME has better scale and geographic diversification than
other private-equity-owned distributors, such as Quimper AB
(B/Stable/--) or LSF10 Wolverine Investments SCA (B/Negative/--),
which have smaller addressable markets."

S&P said, "In our view, most of BME's key addressable markets will
continue to expand, but at a slower pace in 2019 and 2020.   The
company focuses on three formats when distributing basic building
materials products. These include general builder merchant (GBM),
specialized builder merchant (SBM), and do-it-yourself (DIY). We
estimate the GBM and SBM markets for SHAP products will expand by
about 1% per year, in line with regional GDP growth. On the other
hand, the company generates about 40% of its revenue from new
building construction, a segment that we view as potentially more
cyclical and volatile than the renovation market. This is slightly
higher than peers such as LSF10 Wolverine or Quimper AB.
Furthermore, we note the highly fragmented nature of distribution
businesses, where barriers to entry are relatively low compared
with typical heavy materials players.

"We expect BME will generate an adjusted EBITDA margin of about 7%
(less than 5% excluding International Financial Reporting Standards
16) over the next two years.   However, we expect this to increase
gradually on the back of better pricing initiatives, footprint
rationalization, sourcing initiatives, and better organizational
efficiency. We view the company's profitability at the lower end of
rated peers." The group's weak performance in 2016-2018, when
EBITDA declined at a compound annual growth rate of 2.5%, was
mainly triggered by the sluggish trading environment in
Switzerland. This included a tough competitive environment, less
favorable product mix, and loss of sales employees in the country.
Following the group's strategic decision to refocus and simplify
its Swiss core business, the operation has seen gradual
improvements since mid-year 2018, which S&P expects will continue.
The lower-than-expected EBITDA in 2018 was also due to higher
freight costs than anticipated, which were not fully passed on to
customers.

Given its relatively low margins, BME's credit metrics are
sensitive to any potential profit volatility.   Positively, the
company shows limited capital expenditure (capex) requirements, at
about 1% of sales, which is common for materials distributors and
reflects its asset-light business model. The company operates most
of its distribution network through operating leases. However, S&P
notes that BME has a freehold property portfolio valued at
approximately EUR600 million, which brings additional financial
flexibility should the need arise.

S&P said, "Our assessment of BME's financial risk profile is mainly
constrained by the group's high leverage and the significant size
of the term loans, which results in adjusted debt to EBITDA of
about 6.5x at closing.   We also factor the group's private-equity
ownership and potentially aggressive financial strategy. Therefore,
we do not net cash balances from our adjusted debt calculation. Our
debt adjustments include about EUR35 million in pension
liabilities, about EUR415 million in future operating lease
obligations, and minimal contingent considerations related to
previous acquisitions. We also consider that the preference shares
held by Blackstone qualify for equity treatment under our
methodology, in light of the expected preferred coupon rate and
highly subordinated and default-free features. Furthermore, we
understand that BME recently signed an agreement to sell its 21.13%
stake in unconsolidated equity affiliate SAMSE (listed on the Paris
Stock Exchange) to Dumont Investment for an expected EUR136
million. Given uncertainty regarding the utilization of these
funds, we assume in our base case that they will stay in the
group's balance sheet. Nevertheless, as we do not net off surplus
cash from debt in our leverage calculation, this does not affect
our leverage metrics.

"The stable outlook reflects our expectation that the company will
sustain weighted-average adjusted debt to EBITDA below 6.5x,
supported by moderate growth in its EBITDA base and positive FOCF.
We also expect adequate liquidity and comfortable headroom under
the covenants for the rating.

"Rating downside may arise should we see adjusted debt to EBITDA
sustainably deteriorate to above 6.5x without swift recovery
prospects. This could stem from severe margin pressure due to
weakening in underlying markets and a delay in the implementation
of strategic initiatives, large debt-funded acquisitions, or
increased shareholder returns. Negative FOCF and a weakening of
liquidity could also constrain the ratings.

"In our view, an upgrade over the next 12 months is unlikely, given
the group's high leverage and potentially aggressive financial
policy from the private-equity sponsor. However, we could raise the
rating in the long term if the company were to improve its
operating margins and expand its business such that adjusted
leverage stayed sustainably below 5x and funds from operations
(FFO) to debt above 12%. An upgrade would also require a clear
financial policy commitment from the financial sponsor."




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R U S S I A
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DOM.RF BANK: Fitch Raises LongTerm IDR to BB+, Outlook Stable
-------------------------------------------------------------
Fitch Ratings has upgraded JSC Bank DOM.RF's Long-Term Issuer
Default Ratings to 'BB+' from 'BB' and removed them from Rating
Watch Positive. The Outlooks are Positive. The agency has also
assigned the bank a Support Rating Floor of 'BB+'.

KEY RATING DRIVERS

The rating actions reflect the completion of the bank's financial
recovery plan in December 2019. This included fully reserving for
legacy problem exposures, disposal of non-core construction-related
assets and strengthening of the bank's capital leading to full
compliance with regulatory capital adequacy ratios. The
finalisation of the bank's rehabilitation followed significant
capital support of RUB55 billion (equal to 26% of end-3Q19
risk-weighted assets; RWAs) provided in 2Q-3Q19 by the bank's
parent, state-owned JSC DOM.RF Russia Housing and Urban Development
Corporation (DOMRF; BBB/Stable). In Fitch's view, the capital
support was sufficient to mitigate legacy risks and also provided
BDRF with a large capital buffer for future loan growth.

The assigned 'BB+' SRF reflects Fitch's view that BDRF's ratings
should now be based on sovereign, rather than institutional,
support. In its view, BDRF's credit profile will remain primarily
dependent on capital support from the Russian government
(BBB/Stable) in light of the bank's plans to outgrow its parent
within the next few years, making any provision of support onerous
for DOMRF without receiving government assistance.

Accordingly, BDRF's IDRs and SFR are now driven by a moderate
probability of support from Russia. This view is based on the
bank's ultimate state ownership and its policy role of supporting
domestic residential construction as mandated by a special statute.
At the same time, BDRF's IDRs are two notches below the
sovereign's, reflecting the currently limited track record and
volume of the bank's policy operations.

The Positive Outlook on BDRF's IDRs reflects Fitch's view that the
notching between BDRF's ratings and those of the sovereign could be
reduced to one notch within the next 12-18 months following the
bank's active execution of its policy role and its closer
involvement in DOMRF's core strategy implementation. This view is
based on the expectation of (i) BDRF's rapid growth in construction
and mortgage lending, which will support DOMRF's policy objectives;
and (ii) an extended record of support, as the bank is likely to
receive additional capital, including a RUB25 billion equity
injection (10% of end-2019 RWAs) by end-1Q20, ultimately provided
by the government to fuel growth in the specified sectors.

BDRF's ratings are driven solely by sovereign support, as Fitch
does not consider it meaningful to analyse the bank on a standalone
basis given its focus on policy operations. Fitch therefore has not
assigned a Viability Rating to the bank.

At end-3Q19, Stage 3 loans made up 26% of total gross loans
(reasonably reserved at 90%), while loans measured at fair value
through profit or loss accounted for another 1%. These were mostly
attributable to legacy corporate exposures. Fitch believes that the
bank's legacy problem assets will not require any material
additional provisioning either under IFRS or in regulatory
accounts. Instead, the bank's large capital surplus (Fitch Core
Capital ratio of 30% at end-3Q19) is likely to be used to support
expansion in construction and mortgage lending.

Fitch expects the bank's loan book to grow by about 150% in 2020.
While Fitch considers mortgage loans to be a generally low risk
product in Russia, the bank's future focus on the cyclical
construction sector may be a source of concentration risk and could
result in volatile performance.

RATING SENSITIVITIES

An upgrade of BDRF's IDRs would require the sound execution of the
bank's policy role through solid growth in the targeted sectors,
while maintaining reasonable financial performance, and an extended
record of capital support for the bank to enable it to perform its
policy role. Alternatively, the bank's IDRs could be affirmed if
the bank's policy-related operations and its access to government
capital support do not materially increase.

A change in Russia's sovereign Long-Term IDRs could result in
similar rating action on BDRF's Long-Term IDRs and SRF.

PUBLIC RATINGS WITH CREDIT LINKAGE TO OTHER RATINGS

The bank's IDRs are driven by potential support from the Russian
sovereign.

PSA LLC: Declared Bankrupt by Samara Arbitration Court
------------------------------------------------------
The Bank of Russia, by virtue of its Orders No. OD-2063 and
OD-2064, dated September 5, 2019, revoked the insurance licenses of
PSA LLC (hereinafter, the Company), appointed a provisional
administration to manage the Company (hereinafter, the provisional
administration) and suspended the powers of its executive bodies.

In the course of its operations, the provisional administration
established facts suggesting that illegal efforts were made by the
Company's managers and owners, as well as third parties, towards
withdrawal of corporate assets through their sale below the market
price and through the buyback of a share in the authorized capital
of the Company from its participants during the implementation of
the financial rehabilitation plan.

On January 14, 2020, the Arbitration Court of the Samara Region
recognized the Company as insolvent (bankrupt).  The State
Corporation Deposit Insurance Agency was appointed as receiver.

The Bank of Russia submitted the information on the Company's
transactions suspected of being criminal offences to the Prosecutor
General's Office of the Russian Federation and the Investigative
Committee of the Ministry of Internal Affairs of the Russian
Federation for consideration and procedural decision-making.




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S W I T Z E R L A N D
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GLOBAL BLUE: S&P Affirms 'BB-' ICR on Announced Far Point Merger
----------------------------------------------------------------
S&P Global Ratings affirmed its 'BB-' issuer credit rating on
Global Blue, the parent of Global Blue Acquisition B.V.

Switzerland-headquartered Global Blue announced that it plans to
combine its business with Far Point. The post-closing public
company will remain incorporated in Switzerland, will be listed on
the NYSE, and will maintain the Global Blue name and existing
management team. Existing Global Blue shareholders--Silver Lake,
Partners Group, and Global Blue management--will receive about
EUR870 million in cash considerations. This assumes no redemptions
by Far Point's public shareholders under the transaction, and about
80 million rollover shares in the merged entity.

S&P said, "The NYSE listing and financial sponsors' partial exit
support our view of the company's financial policy framework after
a change in ownership.  Following closing of the announced
transaction with Far Point and subsequent listing, we anticipate
improved financial policy under the new ownership structure, as the
company will no longer be controlled by a private equity firm, and
will have a public leverage target and dividend policy.

"We expect that at closing, roughly 42% of the newly listed entity
will be owned by existing shareholders Silver Lake, Partners Group,
and management, with three out of nine board members. A further 39%
will be owned by Far Point shareholders, with two board members.
The majority of Far Point's stake will be free floating, with
dispersed ownership. The new shareholders will also include: Ant
Financial (7%), Third Point (5%), and additional investors (7%).
This assumes no redemptions by Far Point's public shareholders
under the transaction.

"In our view, the listing is part of the existing controlling
financial sponsors' (Silver Lake and Partners Group) plan to exit
the investment in Global Blue. Therefore, we see limited risks that
Global Blue will pursue an aggressive financial policy which would
lead to a recapitalization of the balance sheet. In addition,
Global Blue announced a new financial policy framework with a
medium-term net leverage target of below 2.5x.

"The impact of reduced tourism from China will potentially stall
deleveraging and could lead to temporary weaker credit metrics than
our base case, but we see significant headroom under the current
rating.  About 40% of Global Blue's Tax Free Shopping (TFS) sales
in store in FY2019 came from Chinese international shoppers. Given
this significant exposure to tourism from China, we believe that
the coronavirus outbreak in China could potentially lead to tough
trading conditions, as it could severely reduce the number of
Chinese tourists travelling abroad. Some of the major European
airlines, including British Airways, Lufthanasa, and SAS, recently
announced that they were temporarily suspending some or all flights
to mainland China. We note that the actual impact will depend on
the duration and magnitude of the travel disruption.

"This could lead to temporary significantly weaker credit metrics
than those in our base-case scenario, if the outbreak extends into
the first half of FY2021. Nevertheless, we would expect fast and
solid recovery thereafter, as evidenced during the SARS outbreak in
2002, when Global Blue demonstrated a solid rebound on the back of
a reversion in travel shortly after the outbreak was over. We have
assumed negative impact in the fourth quarter of FY2020 and first
quarter of FY2021, resulting in much weaker growth in 2020, and
roughly flat revenues in 2021. This compares with the company's
medium-term guidance of 3%-6% revenue compound annual growth rate.
While the actual performance could be weaker or stronger than our
forecast, there is significant headroom under the current rating,
and Global Blue has ample liquidity to manage a temporary fall in
sales.

High cash conversion amid low interest expense and low capital
expenditure (capex) support the rating.  Global Blue's business
features relatively low capex at about 8%-8.5% of revenue, the
majority of which is capitalized software-related development costs
(6% of revenue).

As part of the transaction, Global Blue will refinance an existing
EUR630 term loan, which will lead to some interest savings on an
already low-interest bill currently standing at about EUR20
million-EUR25 million. Global Blue will also increase its revolving
credit facility (RCF) from EUR80 million to EUR100 million as part
of the refinancing.

S&P said, "In spite of our estimated adverse impact from the
coronavirus outbreak, we forecast reported free operating cash flow
(FOCF) of about EUR70 million-EUR80 million in FY2020 and FY2021.

"The stable outlook reflects our expectations that relatively
stable revenues and EBITDA in FY2021 will translate to S&P Global
Ratings-adjusted debt to EBITDA of about 4x, with significant
headroom for operating underperformance.

"It also reflects our expectation of solid cash generation of about
12%-13% of adjusted FOCF to debt.

"Although remote at this stage, given the significant buffer under
the rating, we could lower the rating on Global Blue if S&P Global
Ratings-adjusted debt to EBITDA were to rise above 5x and FOCF to
debt fall toward 5% on a sustainable basis.

"This could happen if we observe a prolonged difficult trading
period due to the coronavirus outbreak lasting longer than a year,
or any long-lasting geopolitical tensions that could significantly
weigh on the tourism flow from emerging markets to Europe.

"We would raise the rating on Global Blue if the company were to
establish a track record of adhering to the new financial policy,
leading to a reduction in S&P Global Ratings-adjusted debt to
EBITDA to sustainably below 4x and adjusted FOCF to debt of more
than 10%."




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U N I T E D   K I N G D O M
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BEALES: To Shut Down 12 Stores, Up to 500 Jobs at Risk
------------------------------------------------------
Laura Onita at The Telegraph reports that department chain Beales
is to shut half its stores, putting up to 500 jobs at risk as it
struggles to find a buyer after collapsing last month.

According to The Telegraph, the firm's 23 shops were kept open by
administrators at KPMG in the hope they would find a white knight.
On Feb. 7, it was announced that 12 stores will shut down, although
there is no intention to close the rest, The Telegraph relates.

The 139-year-old business called in administrators following failed
attempts to raise cash, cut rent bills or find a buyer who would
keep it operating as a going concern, The Telegraph recounts.

Beales employs 1,050 staff across all its stores, about half of
whom now face the axe, The Telegraph states.

Stores to be closed include an outlet in the chains home town of
Bournemoth, The Telegraph notes.  Others facing the axe are in
Bedford, Hexham, Keighley, Mansfield, Perth, Peterborough,
Spalding, Tonbridge, Yeovil, Worthing and Wisbech, The Telegraph
discloses.



CENTRICA: Prepares to Appoint Insider as New Chief Amid Debt Woes
-----------------------------------------------------------------
Ed Clowes and Rachel Millard at The Telegraph report that Centrica
is preparing to appoint an insider as its new chief executive, as
the British Gas owner struggles to tackle its debts by selling off
its fossil fuel and nuclear arms.

According to The Telegraph, industry sources say Sarwjit Sambhi,
who heads its consumer business, is the front-runner in the contest
to take over from departing chief executive Iain Conn.

Insiders said Centrica's hunt for a new leader has focused on
in-house candidates after a trawl of external executives proved
fruitless, The Telegraph notes.  The job is seen in the City as a
tough task under close public scrutiny, as the company implements
thousands of job losses following a string of profit warnings, The
Telegraph relates.

Mr. Sambhi's rivals have included Richard Hookway, a former
colleague of Mr. Conn's from BP who leads Centrica's
business-to-business division, The Telegraph discloses.



FLYBE GROUP: Scrambles to Secure GBP100MM Government Loan
---------------------------------------------------------
Oliver Gill at The Sunday Telegraph reports that Flybe only has
enough cash to get through to the end of the month, as the troubled
airline scrambles to secure a GBP100 million lifeline from
taxpayers.

As delicate negotiations between airline executives and Whitehall
officials continued during the weekend, The Sunday Telegraph has
learnt that Flybe's shareholders have signalled they are prepared
to fund the business if it fails to secure a Government loan before
it runs out of cash.  

According to The Sunday Telegraph, industry sources said
accountancy firm EY has been lined up as administrator, having
prepared plans to minimize disruption caused by a potential failure
of the Exeter-based carrier.

The fate of Europe's biggest regional airline will now hinge on the
Feb. 13 Cabinet reshuffle, with senior ministers needing to decide
whether Flybe should be handed a crucial government bridging loan
-- a move that threatens to enrage many Tory MPs, The Sunday
Telegraph states.

                          About Flybe

Flybe styled as flybe, is a British airline based in Exeter,
England.  Until its sale to Connect Airways in 2019, it was the
largest independent regional airline in Europe.  Flybe provides
more than half of UK domestic flights outside London.

As reported by the Troubled Company Reporter-Europe on Jan. 16,
2020, Reuters related that regional airline Flybe was rescued on
Jan. 14 after the British government promised to review taxation of
the industry and shareholders pledged more money to prevent its
collapse.  The agreement comes a day after the emergence of reports
suggesting it needed to raise new funds to survive through its
quieter winter months, Reuters disclosed.  Reuters related that the
Flybe shareholders agreed to put in tens of millions of pounds to
keep the airline running under the agreement.


SMALL BUSINESS 2019-1: Moody's Affirms Ba3 Rating on Class D Notes
-------------------------------------------------------------------
Moody's Investors Service has upgraded the ratings of two classes
of notes in Small Business Origination Loan Trust 2019-1 DAC.
Moody's also affirmed the ratings of two junior classes of notes in
the same transaction.

The upgrade rating action reflects the increased levels of credit
enhancement for the affected notes. Moody's affirmed the ratings of
the two notes which had sufficient credit enhancement to maintain
their current rating.

GBP 118.97M (current outstanding balance of GBP 80.45M) Class A
Floating Rate Asset-Backed Notes due December 2027, Upgraded to Aa2
(sf); previously on April 10 2019, Definitive Rating Assigned Aa3
(sf)

GBP 5.40M (current outstanding balance of GBP 3.65M) Class B
Floating Rate Asset-Backed Notes due December 2027, Upgraded to A2
(sf); previously on April 10 2019, Definitive Rating Assigned A3
(sf)

GBP 12.61M (current outstanding balance of GBP 8.53M) Class C
Floating Rate Asset-Backed Notes due December 2027, Affirmed at
Baa2 (sf); previously on April 10 2019, Definitive Rating Assigned
Baa2 (sf)

GBP 18.92M (current outstanding balance of GBP 12.79M) Class D
Floating Rate Asset-Backed Notes due December 2027, Affirmed at Ba3
(sf); previously on April 10 2019, Definitive Rating Assigned Ba3
(sf)

RATINGS RATIONALE

The upgrade rating action is prompted by:

An increase in credit enhancement for the affected tranches,
alongside excess spread having been sufficient to partially offset
defaults which have already occurred in the transaction. Further,
the strong amortisation of the underlying portfolio through
scheduled and unscheduled principal payments is expected to cause
note principal payments to switch to sequential in the near future,
benefitting the most senior classes in the transaction.

Revision of Key Collateral Assumptions:

As part of the rating action, Moody's reassessed its default
probability and recovery rate assumptions for the portfolio
reflecting the collateral performance to date.

The performance of the transaction has been broadly in line with
expectations since closing. Total delinquencies have increased
steadily since closing; as of January 2020, the percentage of loans
which are 30 days plus in arrears stands at 2.00% of current pool
balance, with 60 days plus arrears at 0.86% of current pool
balance. Cumulative defaults currently stand at GBP 8.08M,
equivalent to 4.48% of original pool balance. The transaction
compensates for defaulted amounts through a PDL mechanism, and
excess spread trapping has been sufficient to cover 67% of the
defaulted amounts. Further, whilst the transaction is currently
paying principal on a pro-rata basis, principal payment is expected
to switch to sequential in the near future as a result of a
portfolio amortisation trigger being activated.

Moody's has maintained its original default probability assumption
for the transaction of 12.5% of original balance to reflect that
the portfolio is broadly performing in line with closing
expectations. However, as current levels of defaults are slightly
ahead of what it would expect, Moody's is making a minor adjustment
to its expectations of future defaults on current portfolio balance
to 12.1% of current balance, in order to balance future defaults to
its original default probability assumption for the life of the
transaction.

Moody's closing assumptions of a mean recovery rate of 25% with a
standard deviation of 20% has been transformed into a fixed
recovery rate assumption of 20%. Recovery timings, with 25% of the
recovery amount received 1 year after default, 25% after 2 years
and the remaining 50% after 3 years, are unchanged.

Moody's has maintained its portfolio credit enhancement at a value
of 45% which, combined with the revised key collateral assumptions,
results in an adjusted CoV of 51.5%.

Moody's decreased the default probability assumption to 12.1% from
12.5% at closing to reflect the portfolio composition based on
updated loan by loan information and portfolio performance, taking
into consideration the current industry concentration among other
credit risk factors.

Increase in Available Credit Enhancement

Non-amortizing reserve funds and trapping of excess spread led to
the increase in the credit enhancement available in this
transaction.

For instance, the credit enhancement for the most senior tranche
affected by Moody's rating action increased to 36.9% from 35.7%
since closing.

Counterparty Exposure

The rating actions took into consideration the notes' exposure to
relevant counterparties, such as servicer, account banks or swap
providers.

Moody's assessed the exposure to NatWest Markets Plc (A3 (cr) / P-2
(cr)) acting as cap counterparty. Moody's analysis considered the
risks of additional losses on the notes if they were to become
unhedged following a cap counterparty default by using the CR
assessment as reference point for derivative counterparties.
Moody's concluded that the ratings of the notes are not constrained
by the cap agreement entered between the issuer and NatWest Markets
Plc.

Moody's also assessed the default probability of the transactions's
account bank providers by referencing the bank's deposit rating.
The ratings of the notes are not constrained by the issuer account
bank exposure.

Principal Methodology:

The principal methodology used in these ratings was "Moody's Global
Approach to Rating SME Balance Sheet Securitizations" published in
July 2019.

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, and (2) an increase in available
credit enhancement.

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.

SOUND POINT III: S&P Assigns Prelim B-(sf) Rating on Cl. F Notes
----------------------------------------------------------------
S&P Global Ratings assigned preliminary credit ratings to the class
X to F European cash flow CLO notes issued by Sound Point Euro CLO
III Funding DAC. At closing, the issuer will also issue unrated
class Z and subordinated notes.

The preliminary ratings reflect S&P's assessment of:

-- The diversified collateral pool, which consists primarily of
broadly syndicated speculative-grade senior secured term loans and
bonds that are governed by collateral quality tests.

-- The credit enhancement, which is provided through the
subordination of cash flows, excess spread, and
overcollateralization.

-- The collateral manager's experienced team, which can affect the
performance of the rated notes through collateral selection,
ongoing portfolio management, and trading.

-- The transaction's legal structure, which S&P expects to be
bankruptcy remote.

-- The transaction's counterparty risks, which S&P expects to be
in line with its counterparty rating framework.

Under the transaction documents, the rated notes will pay quarterly
interest unless a frequency switch event occurs. Following this,
the notes will permanently switch to semiannual payments. S&P notes
that the interest amount from the semiannual obligations will not
be trapped in the interest smoothing account for so long as any of
the following apply: (i) the aggregate principal amount of the
semiannual obligations is less than or equal to 5%; and (ii) the
class F interest coverage ratio is equal to or greater than 100%
when excluding any payments received from the semiannual
obligations. The portfolio's reinvestment period will end
approximately four-and-a-half years after closing.

S&P said, "We understand that at closing, the portfolio will be
well-diversified, primarily comprising broadly syndicated
speculative-grade senior secured term loans and senior secured
bonds. Therefore, we have conducted our credit and cash flow
analysis by applying our criteria for corporate cash flow
collateralized debt obligations. As such, we have not applied any
additional scenario and sensitivity analysis when assigning
preliminary ratings to any classes of notes in this transaction.

"In our cash flow analysis, we used the EUR400 million target par
amount, the covenanted weighted-average spread (3.60%), the
reference weighted-average coupon (5.00%), and the target minimum
weighted-average recovery rate as indicated by the collateral
manager. We applied various cash flow stress scenarios, using four
different default patterns, in conjunction with different interest
rate stress scenarios for each liability rating category. Our
credit and cash flow analysis indicates that the available credit
enhancement for the class B-1 to F notes could withstand stresses
commensurate with higher ratings than those we have assigned.
However, as the CLO will be in its reinvestment phase starting from
closing, during which the transaction's credit risk profile could
deteriorate, we have capped our preliminary ratings assigned to the
notes.

"Under our structured finance sovereign risk criteria, we consider
that the transaction's exposure to country risk is sufficiently
mitigated at the assigned preliminary rating levels."

Until the end of the reinvestment period on Oct. 15, 2024, the
collateral manager is allowed to substitute assets in the portfolio
for so long as our CDO Monitor test is maintained or improved in
relation to the initial ratings on the notes. This test looks at
the total amount of losses that the transaction can sustain as
established by the initial cash flows for each rating, and compares
that with the default potential of the current portfolio plus par
losses to date. As a result, until the end of the reinvestment
period, the collateral manager can, through trading, deteriorate
the transaction's current risk profile, as long as the initial
ratings are maintained.

S&P said, "At closing, we expect that the transaction's documented
counterparty replacement and remedy mechanisms will adequately
mitigate its exposure to counterparty risk under our current
counterparty criteria.

"We expect the transaction's legal structure to be bankruptcy
remote, in line with our legal criteria.

"Following our analysis of the credit, cash flow, counterparty,
operational, and legal risks, we believe our preliminary ratings
are commensurate with the available credit enhancement for each
class of notes."

The transaction securitizes a portfolio of primarily senior secured
leveraged loans and bonds, and will be managed by Sound Point CLO
C-MOA LLC.

  Ratings List

  Class   Prelim. Rating   Prelim. Amount   Subordination (%)
                             (mil. EUR)   
  X       AAA (sf)         2.00             N/A
  A       AAA (sf)         248.00           38.00
  B-1     AA (sf)          28.00            28.00
  B-2     AA (sf)          12.00            28.00
  C       A (sf)           28.00            21.00
  D       BBB (sf)         24.00            15.00
  E       BB (sf)          20.00            10.00
  F       B- (sf)          10.60            7.35
  Z       NR               12.00            N/A
  Sub. Notes   NR          36.50            N/A

  NR--Not rated.
  N/A--Not applicable.


TRENITALIA: May Pull Out of United Kingdom After GBP20MM c2c Loss
-----------------------------------------------------------------
Oliver Gill at The Telegraph reports that one of Europe's biggest
train operators could pull out of Britain after racking up a GBP20
million loss.

According to The Telegraph, despite running the country's most
punctual service, the London to Essex c2c franchise went into the
red in 2019 after forecast passenger growth failed to materialize.

Italian operator Trenitalia is desperate to change the terms of the
line's contract, and is in talks with the Department for Transport,
The Telegraph relays, citing insiders.

The Telegraph relates sources said the "Operator of Last Resort" is
monitoring c2c's financial position.  .

Company executives are understood to be angered by "rigid"
contractual obligations that fail to take into account flexible
working habits that mean staff are more likely to work from home
than commute into the office, The Telegraph states.




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

[*] BOND PRICING: For the Week February 3 to February 7, 2020
-------------------------------------------------------------
Issuer                   Coupon Maturity  Currency  Price
------                   ------ --------  --------  -----
Intelsat Luxembourg SA    8.125    6/1/2023  USD   60.154
Officine Maccaferri-SpA   5.750    6/1/2021  EUR   34.979
Casino Guichard Perrach   3.992              EUR   53.193
Kirk Beauty One GmbH      8.750   7/15/2023  EUR   72.585
Valaris plc               7.750    2/1/2026  USD   60.162
Intelsat Connect Financ   9.500   2/15/2023  USD   70.443
Rallye SA                 4.000    4/2/2021  EUR   30.001
Valaris plc               5.750   10/1/2044  USD   45.860
Nostrum Oil & Gas Finan   8.000   7/25/2022  USD   45.660
Hema Bondco II BV         8.500   1/15/2023  EUR   45.054
Valaris plc               8.000   1/31/2024  USD   64.000
Petra Diamonds US Treas   7.250    5/1/2022  USD   63.464
Casino Guichard Perrach   1.033              EUR   35.137
Teva Pharmaceutical Fin   4.100   10/1/2046  USD   72.648
Mallinckrodt Internatio   4.750   4/15/2023  USD   39.192
Mitsubishi UFJ Investor   4.092  12/15/2050  EUR   60.416
Valaris plc               5.200   3/15/2025  USD   57.524
Astaldi SpA               7.125   12/1/2020  EUR   15.071
Ageasfinlux SA            0.947              EUR   61.685
Nostrum Oil & Gas Finan   7.000   2/16/2025  USD   48.871
Cooperativa Muratori &    6.000   2/15/2023  EUR    2.891
Thomas Cook Group PLC     6.250   6/15/2022  EUR    5.791
Debenhams PLC             5.250   7/15/2021  GBP   27.000
Rallye SA                 4.371   1/23/2023  EUR   29.999
Neoen SA                  1.875   10/7/2024  EUR   36.524
ADLER Real Estate AG      2.500   7/19/2021  EUR   15.962
Moby SpA                  7.750   2/15/2023  EUR   34.055
Ferroglobe PLC / Globe    9.375    3/1/2022  USD   62.044
O1 Properties Finance P   8.250   9/27/2021  USD   49.270
Valaris plc               4.500   10/1/2024  USD   57.474
Intralot Capital Luxemb   5.250   9/15/2024  EUR   43.831
Pro-Gest SpA              3.250  12/15/2024  EUR   58.350
Vallourec SA              2.250   9/30/2024  EUR   73.333
Mallinckrodt Internatio   5.750    8/1/2022  USD   40.584
Boparan Finance PLC       4.375   7/15/2021  EUR   73.841
Senvion Holding GmbH      3.875  10/25/2022  EUR    5.656
Rallye SA                 5.250    2/1/2022  EUR   29.953
Rallye SA                 3.250    2/8/2024  CHF   28.067
Offshore Drilling Holdi   8.375   9/20/2020  USD   29.250
Boparan Finance PLC       5.500   7/15/2021  GBP   74.010
Obrascon Huarte Lain SA   4.750   3/15/2022  EUR   74.050
Abengoa Abenewco 2 Bis    1.500   4/26/2024  EUR
Mallinckrodt Internatio   5.625  10/15/2023  USD   36.628
Rothschild & Co Continu   2.375              USD   69.875
Rallye SA                 4.000  11/23/2020  CHF   29.887
Lecta SA                  6.500    8/1/2023  EUR   47.039
Mallinckrodt Internatio   5.500   4/15/2025  USD   34.007
Vallourec SA              4.125   10/4/2022  EUR    5.486
Jain International Trad   7.125    2/1/2022  USD   30.883
Thomas Cook Finance 2 P   3.875   7/15/2023  EUR    5.500
Societe Generale SA       1.989              USD   75.500
Cooperativa Muratori &    6.875    8/1/2022  EUR    2.591
Galapagos SA/Luxembourg   5.375   6/15/2021  EUR    0.060
Astaldi SpA               4.875   6/21/2024  EUR   13.886
Galapagos Holding SA      7.000   6/15/2022  EUR    6.919
BNP Paribas SA            2.139              USD   69.398
Quadient                  3.375              EUR   57.212
Ferroglobe PLC / Globe    9.375    3/1/2022  USD   61.879
Distribuidora Internaci   0.875    4/6/2023  EUR   54.143
Genfit                    3.500  10/16/2022  EUR   23.383
Intralot Capital Luxemb   6.750   9/15/2021  EUR   61.037
Banco Espirito Santo SA   4.000   1/21/2019  EUR   25.278
Capital Raising GmbH      7.500              EUR   60.362
Union Fenosa Preferente   1.252              EUR   72.170
Pizzaexpress Financing    8.625    8/1/2022  GBP   35.317
VIEO BV                   6.750    9/7/2020  EUR   41.895
HOCHDORF Holding AG       2.500              CHF   52.422
FF Group Finance Luxemb   3.250   11/2/2021  CHF   13.266
FIGEAC-AERO               1.125  10/18/2022  EUR   23.760
Korian SA                 2.500              EUR   49.127
Greenyard Fresh NV        3.750  12/22/2021  EUR   70.047
Air France-KLM            0.125   3/25/2026  EUR   18.042
Odea Bank AS              7.625    8/1/2027  USD   72.622
Grupo Isolux Corsan SA    1.000  12/30/2021  EUR    0.001
Hybrid Raising GmbH       6.625              EUR   70.946
Grupo Isolux Corsan SA    6.000  12/30/2021  EUR    0.303
NIBC Bank NV              0.552              EUR   65.851
Bourbon Corp              6.446              EUR    2.454
EA Partners I BV          6.875   9/28/2020  USD   41.653
FF Group Finance Luxemb   1.750    7/3/2019  EUR    4.500
Rallye SA                 3.400   1/31/2022  EUR   30.007
Bank Otkritie Financial  10.000   4/26/2019  USD    8.201
Banco Espirito Santo SA   2.625    5/8/2017  EUR   24.828
Naviera Armas SA          4.250  11/15/2024  EUR   70.674
Yell Bondco PLC           8.500    5/2/2023  GBP   67.207
NIBC Bank NV              2.627              USD   66.667
Econocom Group SA/NV      0.500    3/6/2023  EUR    7.030
EA Partners II BV         6.750    6/1/2021  USD   48.000
Obrascon Huarte Lain SA   5.500   3/15/2023  EUR   73.172
Maisons du Monde SA       0.125   12/6/2023  EUR   42.804
Lecta SA                  6.375    8/1/2022  EUR   47.236
Senivita Social Estate    6.500   5/12/2020  EUR   71.000
Air Berlin PLC            8.250   4/19/2018  EUR    1.847
Top Gun Realisations 74   6.500    7/1/2022  GBP   18.619
Immigon Portfolioabbau    5.980              EUR   15.743
Galapagos SA/Luxembourg   4.366   6/15/2021  EUR    0.100
Mitsubishi UFJ Investor   3.834  12/30/2099  EUR    4.812
Paragon GmbH & Co KGaA    4.500    7/5/2022  EUR   64.414
Avangardco Investments   10.000  10/29/2018  USD    6.000
Bilt Paper BV             9.640              USD    0.940
Transcapitalbank JSC Vi  10.000   9/18/2020  USD   56.250
Biocartis NV              4.000    5/9/2024  EUR   71.862
Lehman Brothers UK Capi   5.125              EUR    7.138
Solstad Offshore ASA      5.380   9/24/2021  NOK    4.750
Lambay Capital Securiti   6.250              GBP    0.363
Petra Diamonds US Treas   7.250    5/1/2022  USD   62.581
KCA Deutag UK Finance P   9.875    4/1/2022  USD   69.260
Intelsat Connect Financ   9.500   2/15/2023  USD   70.165
Privatbank CJSC Via UK   10.250   1/23/2018  USD   29.833
DOF Subsea AS             9.500   3/14/2022  USD   66.052
Steinhoff Finance Holdi   1.250  10/21/2023  EUR   41.013
DOF Subsea AS             8.810   5/22/2020  NOK   66.564
Rickmers Holding AG       8.875   6/11/2018  EUR    1.043
Prime Living AB           7.000  10/19/2020  SEK    5.000
EOS Imaging SA            6.000   5/31/2023  EUR    6.319
KCA Deutag UK Finance P   7.250   5/15/2021  USD   67.824
Nexity SA                 0.125    1/1/2023  EUR   66.058
House of Fraser Funding   6.546   9/15/2020  GBP    4.792
OGX Austria GmbH          8.500    6/1/2018  USD    0.001
Air Berlin PLC            6.750    5/9/2019  EUR    1.943
OGX Austria GmbH          8.375    4/1/2022  USD    0.001
Banco Espirito Santo SA   4.750   1/15/2018  EUR   25.485
Afren PLC                 6.625   12/9/2020  USD    0.029
Banco Espirito Santo SA   7.125  11/28/2023  EUR    0.207
DNB Bank ASA              2.188              USD   70.893
Evan Group PLC            6.000   7/31/2022  EUR   72.825
Eramet                    4.000              EUR   52.638
Praktiker AG              5.875   2/10/2016  EUR    0.541
BAT International Finan   2.250    9/9/2052  GBP   75.094
Rallye SA                 1.000   10/2/2020  EUR   29.875
Hellenic Bank PCL        10.000              EUR   48.255
KTG Agrar SE              7.125    6/6/2017  EUR    0.561
Espirito Santo Financia   6.875  10/21/2019  EUR    0.198
Yuksel Insaat AS          9.500  11/10/2015  USD    0.967
Nostrum Oil & Gas Finan   8.000   7/25/2022  USD   45.718
Santhera Pharmaceutical   5.000   2/17/2022  CHF   62.724
Fuerstenberg Capital Er   1.287              EUR   73.208
DNB Bank ASA              2.188              USD   71.167
Pierre & Vacances SA      2.000    4/1/2023  EUR   52.875
DNB Bank ASA              2.188              USD   71.026
Abengoa Abenewco 2 Bis    1.500   4/26/2024  USD    5.237
Air Berlin PLC            5.625    5/9/2019  CHF    1.366
Prime Living AB           4.598   9/29/2020  SEK   49.903
KCA Deutag UK Finance P   7.250   5/15/2021  USD   68.569
SeniVita Sozial gGmbH     7.000              EUR   30.000
Mallinckrodt Internatio   5.625  10/15/2023  USD   37.145
Privatbank CJSC Via UK   11.000    2/9/2021  USD   20.267
Abengoa Abenewco 2 Bis    1.500   4/26/2024  USD    4.977
Banco Espirito Santo SA   2.266              EUR    0.093
Virgolino de Oliveira F  10.500   1/28/2018  USD    3.426
Stichting Afwikkeling O   6.250  10/26/2020  EUR    1.520
Tresu Investment Holdin   5.000   9/29/2022  EUR   41.625
Nexity SA                 0.250    3/2/2025  EUR   69.250
Virgolino de Oliveira F  11.750    2/9/2022  USD    4.022
Melin Group/Norway        7.350  10/30/2022  NOK   73.003
Banco Pinto & Sotto May   1.055              EUR   68.110
UkrLandFarming PLC       10.875   3/26/2018  USD    6.739
Claranova SADIR           5.000    7/1/2023  EUR    1.170
LA Perla Fashion Financ   7.250   3/29/2023  EUR   34.200
Alitalia-Societa Aerea    5.250   7/30/2020  EUR    6.327
New World Resources NV    4.000   10/7/2020  EUR    0.022
Afren PLC                11.500    2/1/2016  USD    0.031
Mallinckrodt Internatio   5.500   4/15/2025  USD   34.648
Lehman Brothers UK Capi   6.900              USD    2.745
Dexia SA                  1.386              EUR    7.053
DOF Subsea AS             9.850  11/27/2023  NOK   69.300
KCA Deutag UK Finance P   9.625    4/1/2023  USD   68.183
Stichting Afwikkeling O  11.250              EUR    1.023
Cirio Holding Luxembour   6.250   2/16/2004  EUR    0.521
Agrokor dd                8.875    2/1/2020  USD   19.297
Lehman Brothers UK Capi   3.875              EUR    7.440
Dexia Credit Local SA     1.331              EUR    6.191
Melin Group/Norway        9.850   1/30/2023  NOK   50.000
Top Gun Realisations 73   8.000    7/1/2023  GBP    0.874
Nostrum Oil & Gas Finan   7.000   2/16/2025  USD   48.297
Wasps Finance Plc         6.500   5/13/2022  GBP   75.800
Hamon & CIE SA            5.500   1/30/2025  EUR   47.832
International Industria   9.000    7/6/2011  EUR    0.057
HOCHDORF Holding AG       3.500   3/30/2020  CHF   28.000
OGX Austria GmbH          8.500    6/1/2018  USD    0.001
Portugal Telecom Intern   6.250   7/26/2016  EUR    1.300
Waste Italia SpA         10.500  11/15/2019  EUR    0.884
BBVA International Pref   1.670              GBP   65.688
Mallinckrodt Internatio   5.750    8/1/2022  USD   40.387
Agrokor dd                9.875    5/1/2019  EUR   18.618
New World Resources NV    8.000    4/7/2020  EUR    1.356
Banca Popolare di Vicen   9.500   9/29/2025  EUR    0.833
KCA Deutag UK Finance P   9.875    4/1/2022  USD   69.390
Cattles Ltd               8.125    7/5/2017  GBP    0.001
Orient Express Bank PJS  10.000              USD   40.581
YA Holding AB             3.020   6/18/2022  SEK   61.789
Europejskie Centrum Ods   5.790   4/14/2020  PLN   65.000
Norske Skogindustrier A   7.000  12/30/2026  EUR    0.142
Privatbank CJSC Via UK   10.875   2/28/2018  USD   30.770
Scandinavian Airlines S   0.625              CHF   36.707
CNP Assurances            2.000              EUR   75.000
Windreich GmbH            6.500    3/1/2015  EUR    8.014
Cooperatieve Rabobank U   0.500   2/26/2029  HUF   70.840
Espirito Santo Financia   9.750  12/19/2025  EUR    0.711
Agrokor dd                9.125    2/1/2020  EUR   19.256
Windreich GmbH            6.500   7/15/2016  EUR    8.374
Norske Skogindustrier A   2.000  12/30/2115  EUR    1.376
Norske Skog Holding AS    8.000   2/24/2021  EUR    0.070
Hellas Telecommunicatio   6.054   1/15/2015  USD    0.018
CBo Territoria            3.750    7/1/2024  EUR    4.940
Russian Federal Bond -    0.250   7/20/2044  RUB   23.287
Allied Irish Banks PLC   12.500   6/25/2035  GBP   70.780
Saleza AS                 9.000   7/12/2021  EUR    0.213
Societe Centrale des Bo   2.500   5/15/2023  EUR    6.880
Credit Suisse AG          1.589   8/28/2030  USD   73.770
LBI ehf                   6.100   8/25/2011  USD    7.750
Del Monte Finance Luxem   6.625   5/24/2006  EUR    4.544
ESFIL-Espirito Santo Fi   5.250   6/12/2015  EUR    0.224
Cirio Del Monte NV        7.750   3/14/2005  EUR    1.170
Offshore Drilling Holdi   8.375   9/20/2020  USD   28.500
Idea Bank SA              5.090   8/14/2020  PLN   73.850
GEWA 5 to 1 GmbH & Co K   6.500   3/24/2018  EUR    5.260
GNB - Cia de Seguros de   3.100              EUR   74.013
Boparan Finance PLC       4.375   7/15/2021  EUR   74.156
OGX Austria GmbH          8.375    4/1/2022  USD    0.001
Afren PLC                10.250    4/8/2019  USD    0.031
Hema Bondco II BV         8.500   1/15/2023  EUR   45.311
Cooperatieve Rabobank U   0.500  10/30/2043  MXN   17.218
APP International Finan  11.750   10/1/2005  USD    0.893
Lloyds Bank PLC                    7/5/2033  USD   66.319
Pizzaexpress Financing    8.625    8/1/2022  GBP   35.637
Kaupthing ehf             5.750   10/4/2011  USD    0.250
Marine Subsea AS          9.000  12/16/2019  USD    0.688
Hellenic Republic Gover   2.085   7/25/2057  EUR   51.347
Phosphorus Holdco PLC    10.000    4/1/2019  GBP    2.671
Kaupthing ehf             7.625   2/28/2015  USD    0.250
Verimatrix SA             6.000   6/29/2022  EUR    3.784
Manchester Building Soc   6.750              GBP   14.636
Dolphin Drilling ASA      4.490   8/28/2019  NOK    0.114
Erotik-Abwicklungsgesel   7.750    7/9/2019  EUR    0.779
WPE International Coope  10.375   9/30/2020  USD    3.301
Depfa Funding II LP       6.500              EUR   57.211
Lehman Brothers UK Capi   5.750              EUR    1.500
Enertronica Santerno Sp   7.000  12/31/2022  EUR   50.050
Chr Bygga Bostader Hold   9.163    7/5/2021  SEK   50.000
JZ Capital Partners Ltd   6.000   7/30/2021  GBP    9.800
Banco Espirito Santo SA   6.875   7/15/2016  EUR   24.884
Kirk Beauty One GmbH      8.750   7/15/2023  EUR   73.361
Barclays Bank PLC         1.109   9/13/2028  USD   78.392
International Industria  11.000   2/19/2013  USD    0.176
Cooperatieve Rabobank U   0.500   7/30/2043  MXN   17.414
Breeze Finance SA         6.708   4/19/2027  EUR   28.950
BIM SAS                   2.500  11/13/2020  EUR   22.282
Lloyds Bank PLC           1.395   7/26/2033  USD   66.768
Senvion Holding GmbH      3.875  10/25/2022  EUR    5.656
Veneto Banca SpA          9.500   12/1/2025  EUR    0.552
CRC Breeze Finance SA     6.110    5/8/2026  EUR   50.625
Bulgaria Steel Finance   12.000    5/4/2013  EUR    0.216
Cirio Finance Luxembour   7.500   11/3/2002  EUR    3.357
Deutsche Bank AG/London   0.090  10/31/2034  USD   68.327
PA Resources AB          13.500    3/3/2016  SEK    0.124
Veneto Banca SpA          6.944   5/15/2025  EUR    0.552
Alno AG                   8.500   5/14/2018  EUR    3.153
KCA Deutag UK Finance P   9.625    4/1/2023  USD   68.718
German Pellets GmbH       7.250    7/9/2018  EUR    0.651
Banca Popolare di Vicen   2.821  12/20/2017  EUR    0.199
Espirito Santo Financia   3.125   12/2/2018  EUR    0.076
Tonon Luxembourg SA       9.250   1/24/2020  USD    0.464
Activa Resources AG       0.500  11/15/2021  EUR    5.110
Aralco Finance SA        10.125    5/7/2020  USD    1.684
Ahtium PLC                4.000  12/16/2015  EUR    0.586
Afren PLC                10.250    4/8/2019  USD    0.031
Norske Skog Holding AS    8.000   2/24/2023  USD    0.071
Solship Invest 1 AS       5.000   12/8/2024  NOK   10.000
Corporate Commercial Ba   8.250    8/8/2014  USD    0.308
Alno AG                   8.000   3/21/2019  EUR    4.620
Elli Investments Ltd     12.250   6/15/2020  GBP   52.157
EDOB Abwicklungs AG       7.500    4/1/2012  EUR    1.079
Alpine Holding GmbH       6.000   5/22/2017  EUR    0.465
getgoods.de AG            7.750   10/2/2017  EUR    0.126
Lloyds Bank PLC           0.500   7/26/2028  MXN   52.101
Afren PLC                11.500    2/1/2016  USD    0.031
EFG International AG      0.286              EUR   39.899
Officine Maccaferri-SpA   5.750    6/1/2021  EUR   34.979
Boparan Finance PLC       5.500   7/15/2021  GBP   74.437
Kommunekredit             0.500   7/30/2027  TRY   42.127
Virgolino de Oliveira F  10.875   1/13/2020  USD   21.419
Societe Generale SA       3.080   1/31/2033  USD   72.000
BOA Offshore AS           0.409   7/17/2047  NOK    9.000
Rena GmbH                 7.000  12/15/2015  EUR    2.096
Credit Suisse AG/London   9.000   1/23/2020  USD    9.000
Bank Nadra Via NDR Fina   8.250   7/31/2018  USD    0.168
NTRP Via Interpipe Ltd   10.250    8/2/2017  USD   30.022
Bank Otkritie Financial  10.000   4/26/2019  USD    8.201
Autostrade per l'Italia   3.625    6/9/2038  EUR   74.409
Barclays Bank PLC         0.252   6/17/2033  USD   69.844
SG Issuer SA              3.000  10/10/2034  ZAR   42.503
Steilmann SE              7.000    3/9/2017  EUR    1.429
Deutsche Agrar Holding    7.250   9/28/2018  EUR    1.254
Astaldi SpA               7.125   12/1/2020  EUR   15.071
Banco Espirito Santo SA   2.446              EUR    1.049
Finmek International SA   7.000   12/3/2004  EUR    2.193
Havila Shipping ASA       6.360   11/7/2020  NOK   59.543
Rena GmbH                 8.250   7/11/2018  EUR    2.096
KTG Agrar SE              7.250  10/15/2019  EUR    0.561
Yell Bondco PLC           8.500    5/2/2023  GBP   67.448
SAG Solarstrom AG         6.250  12/14/2015  EUR   31.000
Galapagos Holding SA      7.000   6/15/2022  EUR    6.919
Banco Espirito Santo SA   6.900   6/28/2024  EUR   25.280
Thomas Cook Group PLC     6.250   6/15/2022  EUR    5.791
O1 Properties Finance P   8.250   9/27/2021  USD   47.395
German Pellets GmbH       7.250    4/1/2016  EUR    0.651
O1 Properties Finance P   7.000   1/29/2021  USD   70.078
Sairgroup Finance BV      4.375    6/8/2006  EUR   10.000
KPNQwest NV              10.000   3/15/2012  EUR    0.634
Decipher Production Ltd  12.500   9/27/2019  USD    1.500
Vseukrainsky Aktsinerny  10.900   6/14/2019  USD    1.056
KPNQwest NV               8.875    2/1/2008  EUR    0.634
Solon SE                  1.375   12/6/2012  EUR    0.769
Societe Generale SA       8.000   9/12/2020  USD   57.820
Windreich GmbH            6.750    3/1/2015  EUR    8.014
KPNQwest NV               8.125    6/1/2009  USD    0.634
Societe Generale SA       9.250   10/1/2020  USD   32.300
Afren PLC                 6.625   12/9/2020  USD    0.029
Eniro AB                  6.000   4/14/2020  SEK   61.225
MS Deutschland Beteilig   6.875  12/18/2017  EUR    2.200
Mriya Agro Holding PLC   10.950   3/30/2016  USD    7.852
Finance and Credit Bank   9.250   1/25/2019  USD    0.986
Mox Telecom AG            7.250   11/2/2017  EUR    1.326
Governo Portugues Conso   4.000              EUR   50.000
DOM.RF JSC                6.450  11/11/2039  RUB   90.010
German Pellets GmbH       7.250  11/27/2019  EUR    0.656
Island Offshore Shiphol   4.090   6/30/2021  NOK   12.000
Moby SpA                  7.750   2/15/2023  EUR   34.924
WEB Windenergie AG        5.250    4/8/2023  EUR   55.010
Manchester Building Soc   8.000              GBP   10.119
Naviera Armas SA          4.250  11/15/2024  EUR   71.429
Vneshprombank Ltd Via V   9.000  11/14/2016  USD    0.334
Intralot Capital Luxemb   5.250   9/15/2024  EUR   43.889
Golfino AG                8.000  11/18/2023  EUR    0.100
Rosneft Oil Co PJSC       6.350  11/25/2026  RUB  100.020
Pro-Gest SpA              3.250  12/15/2024  EUR   58.361
Intralot Capital Luxemb   6.750   9/15/2021  EUR   62.147
Bank Otkritie Financial   0.010   7/16/2025  RUB   66.990
Gazprombank JSC           0.010  12/25/2021  RUB   80.000
Veneto Banca SpA          6.411              EUR    0.796
Barclays Bank PLC         2.000   6/12/2029  TRY   43.112
Societe Generale SA      12.000   5/29/2020  USD   35.000
HPI AG                    3.500              EUR    1.000
TGC-1 PJSC                5.800  12/14/2021  RUB   70.000
Steilmann SE              7.000   9/23/2018  EUR    1.429
Portugal Telecom Intern   5.242   11/6/2017  EUR    0.694
Lecta SA                  6.500    8/1/2023  EUR   46.999
SpareBank 1 SR-Bank ASA   1.383  12/21/2030  EUR   73.720
Virgolino de Oliveira F  10.500   1/28/2018  USD    3.426
La Veggia Finance SA      7.125  11/14/2004  EUR    0.287
AKB Peresvet ZAO          0.510   2/14/2032  RUB   13.000
SiC Processing GmbH       7.125    3/1/2016  EUR    2.256
SAG Solarstrom AG         7.500   7/10/2017  EUR   31.000
Alpine Holding GmbH       5.250    7/1/2015  EUR    0.480
J&T Banka AS              9.000              EUR   73.776
Banco Espirito Santo SA  10.000   12/6/2021  EUR    0.207
Alpine Holding GmbH       5.250   6/10/2016  EUR    0.480
Windreich GmbH            6.250    3/1/2015  EUR    8.014
Linas Matkasse Newco AB   8.000   10/9/2022  SEK   55.000
Steilmann SE              6.750   6/27/2017  EUR    2.184
Region of Abruzzo Italy   0.036   11/7/2036  EUR   65.086
Hellas Telecommunicatio   8.500  10/15/2013  EUR    0.452
Teksid Aluminum Luxembo  12.375   7/15/2011  EUR    0.119
Top Gun Realisations 73   8.000    7/1/2023  GBP    0.874
Cooperativa Muratori &    6.875    8/1/2022  EUR    2.591
Virgolino de Oliveira F  11.750    2/9/2022  USD    3.998
Sairgroup Finance BV      6.625   10/6/2010  EUR   10.000
Lecta SA                  6.375    8/1/2022  EUR   47.564
Cooperatieve Rabobank U   0.500  12/29/2027  MXN   55.253
Agrokor dd                9.125    2/1/2020  EUR   19.256
RENE LEZARD Mode GmbH     7.250  11/25/2017  EUR    1.320
International Finance F   0.500   6/24/2024  ZAR   70.900
Landesbank Hessen-Thuer   8.600  11/17/2022  EUR   63.190
Ahtium PLC                9.750    4/4/2017  EUR    0.976
Raiffeisen Centrobank A   8.000    3/3/2020  EUR   63.170
A-TEC Industries AG       2.750   5/10/2014  EUR    0.141
Lehman Brothers Treasur   1.874   10/5/2035  EUR    3.400
Air Berlin Finance BV     6.000    3/6/2019  EUR    2.256
Mifa Mitteldeutsche Fah   7.500   8/12/2018  EUR    2.421
Bilt Paper BV             9.640              USD    0.940
KPNQwest NV               7.125    6/1/2009  EUR    0.634
Landesbank Schleswig-Ho   2.373    1/5/2040  USD   49.588
New World Resources NV    4.000   10/7/2020  EUR    0.022
Barclays Bank PLC        10.500   5/29/2020  USD   33.490
Societe Generale SA       9.000   7/22/2022  USD   47.100
Bank J Safra Sarasin AG  10.400    3/5/2020  CHF   71.340
Barclays Bank PLC         0.080  10/30/2034  USD   71.282
Agrokor dd                8.875    2/1/2020  USD   19.297
Stichting Afwikkeling O   2.343              EUR    1.025
Otkritie Holding JSC     11.500   7/14/2027  RUB
Barclays Bank PLC         0.908  11/28/2029  USD   75.250
Depfa Funding III LP      0.378              EUR   56.660
Societe Generale SA      17.600   1/27/2020  USD   31.700
Corner Banca SA           8.200   5/14/2020  CHF   20.290
Rio Forte Investments S   4.000   7/22/2014  EUR    5.369
Odea Bank AS              7.625    8/1/2027  USD   73.599
Stichting Afwikkeling O   6.625   5/14/2018  EUR    1.520
WEB Windenergie AG        5.500    4/8/2023  EUR   55.010
Pescanova SA              5.125   4/20/2017  EUR    0.319
Banco Santander SA        2.008              EUR    3.194
Cooperativa Muratori &    6.000   2/15/2023  EUR    2.891
Agrokor dd Via Aquarius   4.921    8/8/2017  EUR   14.375
New World Resources NV    8.000    4/7/2020  EUR    1.356
Pescanova SA              8.750   2/17/2019  EUR    0.319
A-TEC Industries AG       5.750   11/2/2010  EUR    0.141
Norske Skog Holding AS    8.000   2/24/2021  EUR    0.070
Heta Asset Resolution A   0.064  12/31/2023  EUR    1.739
Kaupthing ehf             5.750   10/4/2011  USD    0.250
Societe Generale SA       1.600    1/9/2020  GBP    1.110
SALVATOR Vermoegensverw   9.500  12/31/2021  EUR    6.000
ING Bank NV               6.500  12/30/2020  EUR   72.260
Royalbeach Spielwaren U   7.375  11/10/2020  EUR    2.400
Norske Skogindustrier A   7.125  10/15/2033  USD    0.119
Zaklady Miesne Henryk K   6.950   3/29/2021  PLN
Vontobel Financial Prod  27.500   8/12/2020  USD   56.970
UBS AG/London            10.000    3/9/2020  CHF   54.900
A-TEC Industries AG       8.750  10/27/2014  EUR    0.141
Privatbank CJSC Via UK   10.875   2/28/2018  USD   30.770
Region of Molise Italy    0.060  12/15/2033  EUR   61.737
Sequa Petroleum NV        5.000   4/29/2020  USD   68.592
SAir Group                5.125    3/1/2003  CHF   13.500
Agrokor dd                9.875    5/1/2019  EUR   18.618
Espirito Santo Financia   5.050  11/15/2025  EUR    0.480
Minicentrales Dos SA      0.010    6/6/2047  EUR   65.750
Northland Resources AB    4.000  10/15/2020  USD    0.138
Mriya Agro Holding PLC    9.450   4/19/2018  USD    5.967
WEB Windenergie AG        4.500              EUR   55.010
Leonteq Securities AG    14.000   6/12/2020  CHF   19.400
Credito Padano Banca di   3.100              EUR   34.749
Thomas Cook Finance 2 P   3.875   7/15/2023  EUR    6.000
Tonon Luxembourg SA      12.500   5/14/2024  USD    0.451
Tonon Luxembourg SA      12.500   5/14/2024  USD    0.451
Havila Shipping ASA       5.000   11/7/2020  NOK   45.000
Finans-Avia OOO          10.000   7/31/2022  RUB    7.380
Atari SA                  0.100    4/1/2020  EUR
BLT Finance BV           12.000   2/10/2015  USD   10.500
SAir Group                5.500   7/23/2003  CHF    9.875
Kardan NV                 6.775    2/2/2020  ILS   25.000
Air Berlin Finance BV     8.500    3/6/2019  EUR    2.423
Irish Bank Resolution C   4.000   4/23/2018  EUR   45.432
Espirito Santo Financia   5.125   5/30/2016  EUR    1.730
Veneto Banca SpA          6.950   2/25/2025  EUR    0.552
Stichting Afwikkeling O   8.450   8/20/2018  USD    1.520
Credit Suisse AG          0.500  12/16/2025  BRL   64.745
Societe Generale SA      11.000   1/28/2020  USD   35.375
UniCredit Bank AG         6.600   7/20/2028  EUR   36.570
Bibby Offshore Services   7.500   6/15/2021  GBP   11.220
International Finance F   0.500   6/29/2027  ZAR   53.118
Corner Banca SA           7.600    2/2/2021  CHF   68.140
SUEK Finance OOO          0.010   6/26/2020  RUB   63.920
TGC-1 PJSC                5.800   2/14/2022  RUB   70.000
Lehman Brothers Treasur   2.875   3/14/2013  CHF    3.750
Espirito Santo Financia   0.551  10/27/2024  EUR    1.280
HSBC Bank PLC             0.500  12/22/2025  BRL   64.660
Lehman Brothers Treasur   5.250    4/1/2023  EUR    2.571
Barclays Bank PLC         1.450   9/24/2038  MXN   28.765
Heta Asset Resolution A   5.920  12/31/2023  EUR    1.739
Podkarpacki Bank Spoldz   5.090   5/28/2023  PLN   50.110
AKB Peresvet ZAO          0.510    8/4/2034  RUB   19.810
SAir Group                6.250  10/27/2002  CHF    9.875
O1 Group Finance OOO     10.500   4/22/2027  RUB    0.010
Mobylife Holding A/S      7.434   5/23/2020  SEK    8.125
Deutsche Bank AG          0.687  10/11/2049  EUR   67.952
Credit Suisse AG/London   3.000  11/15/2025  ZAR   73.382
Otkritie Holding JSC     10.770   9/17/2027  RUB    0.380
Grupo Isolux Corsan SA    6.000  12/30/2021  USD    0.303
Pongs & Zahn AG           8.500              EUR    0.016
International Bank of A   8.250   10/9/2024  USD   61.250
Touax SCA-SGTR-CITE-SGT   6.000   7/10/2020  EUR   17.923
PSN Pm OOO                9.500   9/10/2026  RUB   21.625
SAir Group                0.125    7/7/2005  CHF    9.875
AKB Peresvet ZAO          0.510   6/23/2021  RUB   18.000
Leonteq Securities AG    20.000   5/12/2020  CHF   61.840
Credit Suisse AG/London   4.590   2/28/2020  EUR   53.250
mybet Holding SE          6.250  12/11/2020  EUR   30.000
DekaBank Deutsche Giroz   8.150   2/26/2021  EUR   65.290
Landesbank Hessen-Thuer   2.250   7/13/2020  EUR   40.800
Ideal Standard Internat  11.750    5/1/2018  EUR    0.240
Phosphorus Holdco PLC    10.000    4/1/2019  GBP    2.671
Cooperatieve Rabobank U   0.500  10/29/2027  MXN   56.847
Cooperatieve Rabobank U   0.500  11/30/2027  MXN   55.337
Landesbank Hessen-Thuer   5.450  11/17/2022  EUR   65.560
Societe Generale SA       8.600   7/29/2022  USD   48.550
Muehl Product & Service   6.750   3/10/2005  DEM    0.001
WEB Windenergie AG        2.750  12/17/2020  EUR   55.010
VTB Bank PJSC             3.000   9/18/2046  RUB   90.000
UkrLandFarming PLC       10.875   3/26/2018  USD    6.739
Nota-Bank OJSC           13.500    4/1/2016  RUB   31.500
Bibby Offshore Services   7.500   6/15/2021  GBP   11.220
Cooperatieve Rabobank U   0.500   1/31/2033  MXN   35.919
Elli Investments Ltd     12.250   6/15/2020  GBP   52.157
KPNQwest NV               7.125    6/1/2009  EUR    0.634
Commerzbank AG           10.000    3/2/2020  EUR   26.730
Bayerische Landesbank     3.000   7/17/2020  EUR   67.890
Landesbank Hessen-Thuer   6.250  12/22/2022  EUR   62.060
Golden Gate AG            6.500  10/11/2014  EUR   38.000
Top Gun Realisations 74   6.500    7/1/2022  GBP   18.619
Espirito Santo Financia   5.625   7/28/2017  EUR    1.255
SAir Group                4.250    2/2/2007  CHF    9.875
Norske Skogindustrier A   7.125  10/15/2033  USD    0.119
IT Holding Finance SA     9.875  11/15/2012  EUR    0.202
LBI ehf                   6.100   8/25/2011  USD    7.750
HSBC Trinkaus & Burkhar  29.800   1/24/2020  EUR   68.710
Zaklady Miesne Henryk K   6.950   3/29/2021  PLN
Credit Suisse AG/London  11.100    6/6/2020  USD   49.595
Societe Generale SA      13.000   4/16/2020  USD   43.220
SG Issuer SA              5.000   5/23/2024  EUR   62.870
Commerzbank AG           30.000   6/30/2020  USD    0.010
Plaza Centers NV          6.900    7/1/2020  ILS   23.500
State of Saxony-Anhalt    0.134    7/3/2028  EUR   46.010
Deutsche Bank AG/London   2.000  10/25/2023  TRY   63.457
Rio Forte Investments S   4.750  11/10/2015  EUR    5.358
Kaupthing ehf             6.125   10/4/2016  USD    0.250
Lehman Brothers Treasur   2.500   8/23/2012  GBP    2.571
EFG International Finan   5.150   6/10/2020  EUR   54.960
Citigroup Global Market   7.200   5/24/2023  SEK   44.900
EFG International Finan   6.130   6/20/2024  EUR   51.950
Landesbank Hessen-Thuer   6.250   7/15/2022  EUR   55.330
Leonteq Securities AG     9.000   10/1/2020  CHF   59.170
Reso-Leasing OOO          9.600  10/30/2025  RUB   66.110
Reso-Leasing OOO          9.500   10/3/2025  RUB   63.380
Banca Popolare di Vicen   9.500   10/2/2025  EUR    0.818
Grupo Isolux Corsan SA    0.250  12/30/2018  EUR    0.001
Rio Forte Investments S   3.900   7/10/2014  USD    5.375
Lehman Brothers Treasur  11.750    3/1/2010  EUR    2.571
UBS AG/London             8.500    1/6/2020  EUR   42.100
Raiffeisen Centrobank A   6.000   7/21/2020  EUR   62.430
Commerzbank AG            5.350    3/2/2020  USD   54.040
Societe Generale SA       8.000   5/28/2027  USD   39.500
Commerzbank AG            6.000    5/9/2022  USD    3.330
SALVATOR Vermoegensverw   9.500              EUR   15.400
BNP Paribas SA            0.500  11/16/2032  MXN   35.095
Lehman Brothers Treasur   3.600   3/19/2018  JPY    2.571
Norske Skogindustrier A   7.000  12/30/2026  EUR    0.142
AKB Peresvet ZAO         13.000   10/7/2017  RUB   18.250
Virgolino de Oliveira F  10.875   1/13/2020  USD   21.419
Otkritie Holding JSC     12.140   10/3/2036  RUB    0.010
Deutsche Bank AG/London   0.500  10/18/2038  MXN   20.113
Natixis SA                0.300   6/25/2048  USD   45.911
Waste Italia SpA         10.500  11/15/2019  EUR    0.884
ECM Real Estate Investm   5.000   10/9/2011  EUR   15.375
Lehman Brothers Treasur   7.600    3/4/2010  NZD    2.571
Raiffeisen Centrobank A   5.200    2/3/2020  EUR   51.400
Leonteq Securities AG/G   7.800   2/16/2021  USD   42.160
Raiffeisen Schweiz Geno   6.250   2/17/2020  CHF   61.810
EFG International Finan   9.800   9/21/2021  EUR   60.490
Landesbank Hessen-Thuer   4.150   1/15/2020  EUR   69.300
WEB Windenergie AG        6.250              EUR   55.010
Kardan NV                 6.325   1/15/2020  ILS    6.560
City of Predeal Romania   3.500   5/15/2026  RON   60.000
Credito Padano Banca di   3.100              EUR   34.498
Centrosolar Group AG      7.000   2/15/2016  EUR    2.387
Kreditanstalt fuer Wied   0.250   10/6/2036  CAD   46.404
Gebr Sanders GmbH & Co    8.750  10/22/2018  EUR   14.397
AKB Peresvet ZAO         13.250   4/25/2018  RUB   18.250
Municipality Finance PL   0.500   6/19/2024  ZAR   71.613
Barclays Bank PLC         0.724   4/16/2029  USD   75.250
LBI ehf                   7.431              USD    0.001
Landesbank Hessen-Thuer   2.850  11/30/2020  EUR   71.800
UBS AG/London             4.200   6/25/2020  EUR   64.600
Natixis SA                2.100    6/8/2021  EUR   63.693
mybet Holding SE          6.250  12/12/2020  EUR    0.500
Gazprombank JSC           0.010   3/30/2020  RUB   90.000
Sistema PJSFC             7.500  10/31/2025  RUB  104.000
DekaBank Deutsche Giroz   0.010   6/29/2046  EUR   70.000
KPNQwest NV               8.875    2/1/2008  EUR    0.634
SAir Group                6.250   4/12/2005  CHF    9.875
Commerzbank AG            3.900   3/23/2022  USD    7.690
DekaBank Deutsche Giroz   4.810   6/30/2020  EUR   66.300
Commerzbank AG            6.000    6/6/2022  USD    4.450
UniCredit Bank AG         3.750    9/7/2020  EUR   29.360
Bayerische Landesbank     3.300  10/30/2020  EUR   63.070
SAir Group                2.750   7/30/2004  CHF    9.875
Espirito Santo Financia   5.050  11/15/2025  EUR    0.377
Lehman Brothers Treasur   1.874   11/2/2035  EUR    3.400
Lehman Brothers Treasur   6.300  12/21/2018  USD    2.571
Raiffeisen Schweiz Geno  10.300   2/19/2020  EUR   71.660
SecurAsset SA             5.250   6/30/2022  EUR   50.600
Landesbank Baden-Wuertt   3.500  12/29/2020  EUR   61.790
Erste Group Bank AG       6.250   3/29/2023  EUR   71.150
Erste Group Bank AG       8.000   9/28/2023  EUR   69.400
Bayerische Landesbank     3.100   7/10/2020  EUR   65.240
Natixis SA                3.150    6/8/2021  USD   64.090
Landesbank Hessen-Thuer   4.350   2/24/2023  EUR   40.520
UniCredit Bank AG         5.500    1/4/2020  EUR   42.840
Vontobel Financial Prod  26.000   8/26/2020  EUR   70.300
UBS AG/London             9.000  11/10/2022  USD    5.880
Raiffeisen Centrobank A  10.000   5/11/2020  EUR   58.500
Raiffeisen Schweiz Geno   6.500   2/24/2020  CHF   65.220
getBACK SA                5.710   2/16/2021  PLN
Leonteq Securities AG/G   8.100    4/6/2020  CHF   57.200
Trinfiko Holdings ZAO    10.000   3/20/2024  RUB   60.060
Societe Generale SA      17.000   6/30/2022  USD   72.800
United Confectioners Fi   8.000    4/3/2023  RUB   70.000
Fonciere Volta SA         4.500   7/30/2020  EUR    2.360
Plaza Centers NV          6.000    7/1/2020  ILS   21.020
Lehman Brothers Treasur   6.600   2/22/2012  EUR    2.571
Mriya Agro Holding PLC    9.450   4/19/2018  USD    5.967
Kaupthing ehf             3.274              ISK    0.250
Northland Resources AB   15.000   7/15/2019  USD    2.621
Bank Otkritie Financial   0.010   9/24/2025  RUB   60.850
Deutsche Bank AG/London   0.500    4/5/2038  MXN   20.992
WPE International Coope  10.375   9/30/2020  USD    3.301
Otkritie Holding JSC     12.090   12/8/2027  RUB    0.010
Northland Resources AB    4.000  10/15/2020  NOK    0.138
MIK OAO                  15.000   2/19/2020  RUB   43.100
Minicentrales Dos SA      0.010    6/6/2047  EUR   65.750
Otkritie Holding JSC     12.420    8/5/2025  RUB
Lehman Brothers Treasur   6.720  12/29/2008  EUR    2.571
Pescanova SA              6.750    3/5/2015  EUR    0.319
Intelsat SA               4.500   6/15/2025  USD   65.896
HSBC Bank PLC             0.500   6/23/2027  MXN   57.097
Kaupthing ehf             6.125   10/4/2016  USD    0.250
Lehman Brothers Treasur   9.250   6/20/2012  USD    2.571
Heta Asset Resolution A   0.356  12/31/2023  EUR    1.739
Hellas Telecommunicatio   6.054   1/15/2015  USD    0.018
SAir Group                2.125   11/4/2004  CHF    9.875
Kaupthing ehf             9.000              USD    0.122
Lehman Brothers Treasur  16.000   11/9/2008  USD    2.571
Leonteq Securities AG/G   4.900   2/16/2021  CHF   39.620
Corner Banca SA           7.600   6/16/2020  CHF   62.670
JP Morgan Structured Pr   9.500   7/27/2020  USD   50.000
SG Issuer SA              0.800  10/21/2020  SEK   47.730
Lehman Brothers Treasur   6.000   2/14/2012  EUR    2.571
Grupo Isolux Corsan SA    1.000  12/30/2021  USD    0.001
Lehman Brothers Treasur   7.375   9/20/2008  EUR    2.571
Lehman Brothers Treasur   2.000   3/16/2035  EUR    3.400
House of Fraser Funding   6.546   9/15/2020  GBP    4.960
Societe Generale SA       0.500   5/22/2024  MXN   72.614
Cooperatieve Rabobank U   0.500   8/21/2028  MXN   51.935
Astana Finance BV         9.000  11/16/2011  USD   15.250
Irish Bank Resolution C   6.750  11/30/2013  BGN   45.875
Lehman Brothers Treasur  10.442  11/22/2008  CHF    2.571
EFG International Finan   6.400   6/22/2020  CHF   55.380
SG Issuer SA              5.000   7/10/2020  EUR   12.500
SG Issuer SA              5.000   7/10/2021  EUR   12.500
UBS AG/London            12.000   6/19/2020  USD   55.110
SG Issuer SA              5.000    4/2/2024  EUR   62.030
Leonteq Securities AG     5.600   5/16/2022  CHF   73.400
Bayerische Landesbank     3.150   7/31/2020  EUR   68.200
Leonteq Securities AG/G  19.610    9/4/2020  USD   59.390
SG Issuer SA              5.500   4/10/2021  EUR   69.890
SG Issuer SA              6.650  10/10/2021  EUR   71.730
Fast Finance SA          10.500   1/15/2021  PLN
Metalloinvest Holding C   0.010   3/10/2022  RUB   90.000
Delta Credit Bank JSC    10.290  11/24/2021  RUB   65.910
Lehman Brothers Treasur   4.350    8/8/2016  SGD    3.750
Lehman Brothers Treasur   0.500    8/1/2020  EUR    2.571
Samaratransneft-Termina  10.000   3/30/2022  RUB   15.010
Lehman Brothers Treasur  13.500    6/2/2009  USD    2.571
Raiffeisen Centrobank A   7.000   10/9/2020  EUR   72.050
UBS AG/London             7.500   2/21/2020  EUR   44.900
UBS AG/London             8.500   8/21/2020  EUR   57.750
EFG International Finan   6.400    3/8/2021  EUR   57.180
Leonteq Securities AG     7.400    3/2/2020  CHF   18.140
Leonteq Securities AG    10.000    3/2/2020  EUR   56.410
Raiffeisen Schweiz Geno   5.750    9/2/2020  CHF   49.360
Raiffeisen Schweiz Geno   7.000    3/2/2020  CHF   69.660
Landesbank Baden-Wuertt   4.450  10/23/2020  EUR   77.640
Landesbank Baden-Wuertt   5.000   2/28/2020  EUR   64.300
Landesbank Baden-Wuertt   7.000   2/28/2020  EUR   57.500
Landesbank Baden-Wuertt   4.000   2/28/2020  EUR   61.520
Landesbank Baden-Wuertt   2.500   2/28/2020  EUR   54.910
Landesbank Baden-Wuertt   3.500   2/28/2020  EUR   51.010
Landesbank Baden-Wuertt   4.500   2/28/2020  EUR   49.340
Landesbank Baden-Wuertt   5.500   2/28/2020  EUR   46.230
Landesbank Baden-Wuertt   2.500   2/28/2020  EUR   72.930
Landesbank Baden-Wuertt   3.500   2/28/2020  EUR   67.400
Landesbank Baden-Wuertt   4.500   2/28/2020  EUR   64.540
Landesbank Baden-Wuertt   2.000   2/28/2020  EUR   69.410
Landesbank Baden-Wuertt   3.500   2/28/2020  EUR   61.970
Landesbank Baden-Wuertt   5.000   2/28/2020  EUR   56.040
Landesbank Baden-Wuertt   2.500   2/28/2020  EUR   23.440
Landesbank Baden-Wuertt   4.000   2/28/2020  EUR   21.330
DekaBank Deutsche Giroz   7.000   9/14/2020  EUR   63.810
DekaBank Deutsche Giroz   3.150    3/5/2021  EUR   64.870
DekaBank Deutsche Giroz   2.850    3/6/2020  EUR   70.910
Landesbank Baden-Wuertt   2.000   2/28/2020  EUR   71.990
Landesbank Baden-Wuertt   3.000   2/28/2020  EUR   68.120
Landesbank Baden-Wuertt   2.000   2/28/2020  EUR   63.270
Landesbank Baden-Wuertt   3.000   2/28/2020  EUR   59.630
Landesbank Baden-Wuertt   3.000   2/28/2020  EUR   58.250
Landesbank Baden-Wuertt   4.500   2/28/2020  EUR   53.220
Landesbank Baden-Wuertt   6.000   2/28/2020  EUR   49.050
Landesbank Baden-Wuertt   2.500   2/28/2020  EUR   60.260
Landesbank Baden-Wuertt   3.500   2/28/2020  EUR   57.370
Landesbank Baden-Wuertt   4.500   2/28/2020  EUR   53.570
Landesbank Baden-Wuertt   4.000   2/28/2020  EUR   73.090
Landesbank Baden-Wuertt   5.500   2/28/2020  EUR   66.690
Landesbank Baden-Wuertt   7.000   2/28/2020  EUR   61.410
Landesbank Baden-Wuertt   4.500   2/28/2020  EUR   68.250
Landesbank Baden-Wuertt   6.000   2/28/2020  EUR   62.990
Bayerische Landesbank     3.100   10/9/2020  EUR   63.220
Bank Julius Baer & Co L   6.250   10/5/2020  CHF   67.650
Raiffeisen Schweiz Geno   9.000  10/12/2020  CHF   68.200
EFG International Finan   7.200  10/26/2020  EUR   60.050
Zurcher Kantonalbank Fi   7.250  10/19/2020  CHF   74.270
Landesbank Hessen-Thuer   5.100   2/17/2023  EUR   65.520
DekaBank Deutsche Giroz   3.700    3/6/2020  EUR   59.340
UniCredit Bank AG         6.400    3/5/2021  EUR   51.930
UniCredit Bank AG         5.350    3/5/2021  EUR   71.380
Leonteq Securities AG/G  11.000    3/2/2020  CHF   37.640
DekaBank Deutsche Giroz   5.000   9/14/2020  EUR   72.760
Landesbank Hessen-Thuer   5.550   3/16/2023  EUR   64.050
UBS AG/London             6.500   2/14/2020  USD   57.500
UBS AG/London             7.500   2/14/2020  EUR   74.050
Leonteq Securities AG/G   3.750   2/20/2023  CHF   62.700
Landesbank Hessen-Thuer   4.000   9/22/2020  EUR   66.900
UniCredit Bank AG         4.500   3/12/2022  EUR   70.110
UniCredit Bank AG         4.850   11/1/2020  EUR   64.050
Leonteq Securities AG/G  10.200    6/3/2020  USD   65.580
Landesbank Baden-Wuertt   3.000  12/29/2020  EUR   68.790
UniCredit Bank AG         4.200  11/21/2021  EUR   61.990
UniCredit Bank AG         4.350  11/21/2021  EUR   73.930
UBS AG/London             9.500   4/20/2020  CHF   62.200
EFG International Finan   7.200   11/2/2020  EUR   61.580
UBS AG/London             5.100   3/26/2020  EUR   59.140
UBS AG/London            13.000    5/4/2020  CHF   49.100
EFG International Finan   7.000  11/17/2020  CHF   61.820
HSBC Trinkaus & Burkhar   0.750   4/22/2020  EUR   70.890
UniCredit Bank AG         5.050   1/11/2022  EUR   45.860
Landesbank Baden-Wuertt   4.850   6/26/2020  EUR   62.860
UBS AG/London            11.000    9/7/2020  EUR   69.250
UBS AG/London             6.200   3/26/2020  EUR   73.030
UBS AG/London            14.000   3/26/2020  EUR   64.420
UBS AG/London             9.600   3/26/2020  EUR   69.250
UBS AG/London             7.700   3/26/2020  EUR   70.970
UniCredit Bank AG         5.000   6/11/2021  EUR   62.340
UBS AG/London             7.400  12/28/2020  EUR   72.720
UBS AG/London             9.000    4/3/2020  CHF   66.850
Landesbank Baden-Wuertt   5.500   3/26/2021  EUR   52.770
Landesbank Baden-Wuertt   4.500   6/26/2020  EUR   71.130
Landesbank Baden-Wuertt   5.000   6/26/2020  EUR   50.710
UBS AG/London            10.500   4/20/2020  EUR   57.750
HSBC Trinkaus & Burkhar  28.800   1/24/2020  EUR   53.510
HSBC Trinkaus & Burkhar  29.000   1/24/2020  EUR   61.820
HSBC Trinkaus & Burkhar  10.600   3/27/2020  EUR   40.740
Landesbank Baden-Wuertt   4.000   4/24/2020  EUR   58.050
Landesbank Baden-Wuertt   2.000   4/24/2020  EUR   70.270
DZ Bank AG Deutsche Zen   5.750   3/25/2020  EUR   72.480
Landesbank Baden-Wuertt   4.500   4/24/2020  EUR   22.920
Landesbank Baden-Wuertt   3.000   4/24/2020  EUR   64.880
Landesbank Baden-Wuertt   2.000   4/24/2020  EUR   69.400
Landesbank Baden-Wuertt   4.000   4/24/2020  EUR   53.250
Landesbank Baden-Wuertt   5.500   5/22/2020  EUR   59.870
Landesbank Baden-Wuertt   5.000   5/22/2020  EUR   66.720
Landesbank Baden-Wuertt   4.000   4/24/2020  EUR   49.320
Landesbank Baden-Wuertt   5.500   4/24/2020  EUR   62.660
Landesbank Baden-Wuertt   3.000   4/24/2020  EUR   60.760
Landesbank Baden-Wuertt   5.000   4/24/2020  EUR   58.300
Raiffeisen Schweiz Geno   3.400   5/14/2020  CHF   58.890
Landesbank Hessen-Thuer   4.000    6/8/2022  EUR   63.170
Landesbank Hessen-Thuer   4.000    6/8/2022  EUR   61.910
Landesbank Baden-Wuertt   3.000   3/26/2021  EUR   57.620
DZ Bank AG Deutsche Zen   8.400   3/23/2020  EUR   71.060
Leonteq Securities AG     9.000   3/27/2020  USD   42.560
Landesbank Baden-Wuertt   5.000  12/29/2020  EUR   47.490
Landesbank Hessen-Thuer   4.000  11/10/2021  EUR   70.470
EFG International Finan   7.200  10/26/2020  USD   58.120
Vontobel Financial Prod  11.000   3/13/2020  EUR   71.170
Raiffeisen Schweiz Geno   5.000    4/3/2020  CHF   35.300
Corner Banca SA           7.400   7/22/2020  CHF   65.450
Landesbank Baden-Wuertt   3.000  12/29/2020  EUR   52.140
UBS AG/London             8.000    4/3/2020  USD   62.450
Landesbank Baden-Wuertt   4.000   1/24/2020  EUR   55.170
Landesbank Baden-Wuertt   2.000   1/24/2020  EUR   63.170
Landesbank Baden-Wuertt   3.000   1/24/2020  EUR   60.450
UBS AG/London             4.300   6/25/2020  EUR   70.940
UBS AG/London             7.750    1/6/2020  EUR   70.850
Landesbank Baden-Wuertt   5.000   1/24/2020  EUR   50.490
Landesbank Baden-Wuertt   4.500   1/24/2020  EUR   69.530
UBS AG/London             9.000    1/6/2020  USD   52.500
UBS AG/London             5.750    7/6/2020  EUR   68.000
UBS AG/London             7.300   3/26/2020  EUR   69.640
Raiffeisen Schweiz Geno   7.400    4/1/2020  CHF   70.420
Vontobel Financial Prod   9.500   3/13/2020  EUR   70.410
Landesbank Baden-Wuertt   6.000   1/24/2020  EUR   61.330
UBS AG/London             5.750    1/6/2020  CHF   73.800
Raiffeisen Schweiz Geno   5.800   9/28/2021  CHF   63.490
Vontobel Financial Prod  13.500   3/13/2020  EUR   67.590
UBS AG/London             5.800   6/25/2020  EUR   66.350
UBS AG/London             9.000   10/5/2020  EUR   58.950
Landesbank Baden-Wuertt   3.000   1/24/2020  EUR   58.350
Raiffeisen Schweiz Geno   8.500    4/1/2020  CHF   65.340
Raiffeisen Schweiz Geno   7.200   9/28/2020  EUR   63.930
EFG International Finan   7.600   1/11/2021  CHF   69.800
EFG International Finan   8.400   1/10/2020  USD   53.200
EFG International Finan   8.000   1/29/2020  USD   50.670
DekaBank Deutsche Giroz   3.500   1/24/2020  EUR   47.180
DekaBank Deutsche Giroz   3.400   1/24/2020  EUR   53.530
EFG International Finan   7.400   1/25/2021  CHF   69.330
EFG International Finan   7.200   1/25/2021  EUR   55.140
Landesbank Baden-Wuertt   4.000   1/24/2020  EUR   54.220
UniCredit Bank AG         5.200    5/4/2020  USD   40.440
Leonteq Securities AG/G   7.000   4/16/2020  CHF   53.610
Leonteq Securities AG     7.200    2/2/2021  EUR   62.760
DekaBank Deutsche Giroz   4.000   8/21/2020  EUR   64.490
Credit Suisse AG/Nassau   7.000   6/22/2021  CHF   62.210
Raiffeisen Schweiz Geno   6.000    1/6/2020  CHF   46.280
HSBC Trinkaus & Burkhar   7.900   3/27/2020  EUR   37.510
HSBC Trinkaus & Burkhar  13.100   3/27/2020  EUR   33.400
HSBC Trinkaus & Burkhar  12.600   6/26/2020  EUR   35.920
HSBC Trinkaus & Burkhar   9.100   2/28/2020  EUR   36.090
Raiffeisen Schweiz Geno   5.700  12/29/2020  EUR   72.800
Raiffeisen Centrobank A   5.300   7/21/2020  EUR   59.400
HSBC Trinkaus & Burkhar   6.500   3/27/2020  EUR   70.400
DekaBank Deutsche Giroz   3.350   7/10/2020  EUR   74.010
HSBC Trinkaus & Burkhar  10.000   6/26/2020  EUR   72.700
Leonteq Securities AG     5.200  12/22/2020  CHF   58.560
Raiffeisen Schweiz Geno   6.300    1/6/2020  CHF   56.020
Vontobel Financial Prod   5.500   3/13/2020  EUR   69.670
Vontobel Financial Prod  11.000   3/13/2020  EUR   67.130
Vontobel Financial Prod   9.500   3/13/2020  EUR   71.300
UBS AG/London             6.500  12/14/2020  EUR   72.400
Vontobel Financial Prod   9.000   3/13/2020  EUR   70.800
Raiffeisen Schweiz Geno   5.000  12/22/2020  CHF   74.590
Vontobel Financial Prod  10.500   3/13/2020  EUR   69.480
UBS AG/London             7.000  12/14/2020  CHF   60.500
HSBC Trinkaus & Burkhar  10.000   6/26/2020  EUR   72.700
UBS AG/London             8.500   6/22/2020  EUR   52.850
DekaBank Deutsche Giroz   2.100    1/5/2021  EUR   64.620
UniCredit Bank AG         3.500    1/5/2021  EUR   54.000
DZ Bank AG Deutsche Zen   8.250   3/25/2020  EUR   67.880
UniCredit Bank AG         6.350   5/14/2021  EUR   55.560
Vontobel Financial Prod   9.000   3/27/2020  EUR   54.400
UniCredit Bank AG         3.500    1/5/2021  EUR   44.370
Landesbank Hessen-Thuer   5.500   5/25/2023  EUR   65.530
Zurcher Kantonalbank Fi   6.750   2/19/2020  EUR   66.440
Landesbank Baden-Wuertt   4.550   2/28/2020  EUR   62.380
Landesbank Baden-Wuertt   6.500   2/28/2020  EUR   45.760
Commerzbank AG            2.540   4/15/2020  EUR   73.410
Leonteq Securities AG/G   5.000  10/20/2020  CHF   63.770
UniCredit Bank AG         3.500    1/5/2021  EUR   71.170
UniCredit Bank AG         4.000    1/5/2021  EUR   63.840
DekaBank Deutsche Giroz   6.050   7/31/2020  EUR   55.300
DZ Bank AG Deutsche Zen  10.250   3/25/2020  EUR   66.070
UniCredit Bank AG         6.850   5/14/2021  EUR   68.940
UniCredit Bank AG         4.900  11/14/2021  EUR   60.810
Landesbank Baden-Wuertt   3.000   2/25/2022  EUR   63.240
Landesbank Baden-Wuertt   2.600   9/25/2020  EUR   67.660
DekaBank Deutsche Giroz   3.250   1/24/2020  EUR   55.770
Leonteq Securities AG/G   7.600    1/9/2020  CHF   72.470
UBS AG/London             7.000   4/20/2020  CHF   64.000
Leonteq Securities AG/G   9.000   1/12/2021  USD   48.770
BNP Paribas Emissions-    6.000   3/26/2020  EUR   66.870
BNP Paribas Emissions-    8.000   6/25/2020  EUR   68.360
Landesbank Baden-Wuertt   4.000   2/28/2020  EUR   58.590
Landesbank Baden-Wuertt   5.000   2/28/2020  EUR   53.690
Landesbank Baden-Wuertt   4.500   1/24/2020  EUR   59.830
Landesbank Baden-Wuertt   6.000   1/24/2020  EUR   55.630
Commerzbank AG            7.250   3/27/2020  EUR   72.080
DekaBank Deutsche Giroz   4.250   11/9/2020  EUR   73.110
DekaBank Deutsche Giroz   5.000   7/31/2020  EUR   46.900
Commerzbank AG           10.500   1/24/2020  EUR   66.920
Vontobel Financial Prod   6.500   3/27/2020  EUR   72.980
UniCredit Bank AG         3.500    1/5/2021  EUR   70.230
Vontobel Financial Prod  13.000   3/27/2020  EUR   64.220
Landesbank Baden-Wuertt   3.800   2/26/2021  EUR   50.750
Vontobel Financial Prod   7.500   5/14/2020  EUR   66.020
Landesbank Hessen-Thuer   2.600   7/29/2020  EUR   70.300
DekaBank Deutsche Giroz   4.550   7/31/2020  EUR   66.050
DekaBank Deutsche Giroz   2.250   1/22/2021  EUR   71.360
Landesbank Baden-Wuertt   6.100   3/27/2020  EUR   66.960
Landesbank Baden-Wuertt   4.650   2/28/2020  EUR   63.580
EFG International Finan   6.200    5/3/2021  CHF   65.400
Raiffeisen Schweiz Geno   6.250   4/27/2020  CHF   60.830
Landesbank Baden-Wuertt   2.000   2/28/2020  EUR   67.860
Landesbank Hessen-Thuer   6.000   8/25/2023  EUR   56.770
Landesbank Baden-Wuertt   3.000   1/24/2020  EUR   67.550
Landesbank Baden-Wuertt   5.000   1/24/2020  EUR   71.670
Landesbank Baden-Wuertt   4.000   1/24/2020  EUR   67.010
Landesbank Baden-Wuertt   2.000   1/24/2020  EUR   61.940
Landesbank Baden-Wuertt   3.000   1/24/2020  EUR   56.810
Landesbank Baden-Wuertt   2.500   1/24/2020  EUR   21.280
Landesbank Baden-Wuertt   3.500   1/24/2020  EUR   19.730
UBS AG/London            12.000    1/6/2020  CHF   52.900
UBS AG/London             7.000    1/6/2020  CHF   70.450
Landesbank Baden-Wuertt   3.000   2/28/2020  EUR   61.290
Landesbank Baden-Wuertt   2.000   1/24/2020  EUR   73.830
Landesbank Baden-Wuertt   3.000   1/24/2020  EUR   71.550
Landesbank Baden-Wuertt   4.000   1/24/2020  EUR   46.000
Landesbank Baden-Wuertt   3.000   1/24/2020  EUR   57.970
Vontobel Financial Prod   8.000   3/27/2020  EUR   70.410
HSBC Trinkaus & Burkhar   8.700   9/25/2020  EUR   70.110
HSBC Trinkaus & Burkhar   7.300   6/26/2020  EUR   70.310
HSBC Trinkaus & Burkhar   7.200   9/25/2020  EUR   69.640
HSBC Trinkaus & Burkhar  10.000   1/24/2020  EUR   68.180
HSBC Trinkaus & Burkhar   8.800   7/24/2020  EUR   67.610
Raiffeisen Schweiz Geno   7.250   4/27/2020  CHF   74.770
UBS AG/London             6.250    1/6/2020  CHF   53.500
Landesbank Baden-Wuertt   5.000   1/24/2020  EUR   51.910
Landesbank Baden-Wuertt   6.000   1/24/2020  EUR   48.500
Landesbank Baden-Wuertt   4.000   1/24/2020  EUR   61.570
Landesbank Baden-Wuertt   3.500   1/24/2020  EUR   50.300
Landesbank Baden-Wuertt   4.500   1/24/2020  EUR   46.880
Landesbank Baden-Wuertt   3.000   1/24/2020  EUR   49.480
Landesbank Baden-Wuertt   5.000   1/24/2020  EUR   60.510
Vontobel Financial Prod   8.000   3/27/2020  EUR   59.190
BNP Paribas Emissions-    8.000   3/26/2020  EUR   67.290
BNP Paribas Emissions-   10.000   3/26/2020  EUR   67.700
BNP Paribas Emissions-    7.000   6/25/2020  EUR   67.900
BNP Paribas Emissions-    9.000   6/25/2020  EUR   68.830
Leonteq Securities AG/G   8.000  10/27/2020  CHF   65.260
Landesbank Baden-Wuertt   4.000   1/24/2020  EUR   55.850
Landesbank Baden-Wuertt   3.000   1/24/2020  EUR   69.210
Landesbank Baden-Wuertt   4.000   1/24/2020  EUR   52.480
Landesbank Baden-Wuertt   2.500   1/24/2020  EUR   54.150
Luzerner Kantonalbank A  10.000   8/28/2020  CHF   68.600
Landesbank Baden-Wuertt   5.000   1/24/2020  EUR   50.700
Landesbank Baden-Wuertt   2.000   1/24/2020  EUR   60.500
Landesbank Baden-Wuertt   3.000   1/24/2020  EUR   55.980
Vontobel Financial Prod  12.000   3/27/2020  EUR   65.120
Vontobel Financial Prod   8.000   3/27/2020  EUR   64.880
Commerzbank AG            9.500   3/27/2020  EUR   67.390
Landesbank Baden-Wuertt   3.750   1/24/2020  EUR   66.720
UBS AG/London             8.000   7/20/2020  CHF   60.500
UBS AG/London             8.000   7/20/2020  EUR   58.600
Landesbank Baden-Wuertt   2.500   1/24/2020  EUR   64.260
Landesbank Baden-Wuertt   4.500   1/24/2020  EUR   56.800
Landesbank Baden-Wuertt   6.000   1/24/2020  EUR   76.880
Landesbank Baden-Wuertt   2.500   1/24/2020  EUR   69.060
Landesbank Baden-Wuertt   3.500   1/24/2020  EUR   65.160
Landesbank Baden-Wuertt   3.500   1/24/2020  EUR   62.430
Landesbank Baden-Wuertt   4.500   1/24/2020  EUR   58.940
Landesbank Baden-Wuertt   7.000   1/24/2020  EUR   76.540
Landesbank Baden-Wuertt   4.500   1/24/2020  EUR   28.280
Landesbank Baden-Wuertt   5.500   1/24/2020  EUR   64.990
Landesbank Baden-Wuertt   2.500   2/28/2020  EUR   72.010
Landesbank Baden-Wuertt   5.500   2/28/2020  EUR   61.740
Landesbank Baden-Wuertt   3.500   1/24/2020  EUR   71.880
DekaBank Deutsche Giroz   2.400   8/21/2020  EUR   53.560
Credit Suisse AG/Nassau   5.000    2/6/2020  CHF   58.910
Leonteq Securities AG/G  10.000    2/6/2020  CHF   59.980
Leonteq Securities AG/G  10.000    2/3/2020  USD   62.890
Raiffeisen Schweiz Geno   7.500    2/5/2020  CHF   69.150
Leonteq Securities AG     7.800   1/30/2020  CHF   56.610
Araratbank OJSC           5.250   9/11/2022  USD   24.421
Landesbank Hessen-Thuer   1.950    9/3/2021  EUR   55.220
Goldman Sachs & Co Wert  12.000   6/24/2020  EUR   51.860
Goldman Sachs & Co Wert   3.000   3/25/2020  EUR   71.850
Goldman Sachs & Co Wert   4.000   3/25/2020  EUR   67.880
Goldman Sachs & Co Wert   6.000   3/25/2020  EUR   61.260
Goldman Sachs & Co Wert  13.000   3/25/2020  EUR   50.280
Goldman Sachs & Co Wert  10.000   6/24/2020  EUR   55.130
Goldman Sachs & Co Wert   5.000   3/25/2020  EUR   69.560
Goldman Sachs & Co Wert   6.000   3/25/2020  EUR   65.780
Goldman Sachs & Co Wert   8.000   3/25/2020  EUR   62.650
Goldman Sachs & Co Wert   7.000   6/24/2020  EUR   64.060
Leonteq Securities AG/G  11.000   1/30/2020  USD   57.660
Landesbank Baden-Wuertt   7.000   1/24/2020  EUR   72.610
Landesbank Baden-Wuertt   4.500   1/24/2020  EUR   62.590
Landesbank Baden-Wuertt   2.500   1/24/2020  EUR   66.330
Landesbank Baden-Wuertt   5.500   1/24/2020  EUR   56.740
Landesbank Baden-Wuertt   6.000   1/24/2020  EUR   69.660
Landesbank Baden-Wuertt   2.500   1/24/2020  EUR   65.160
Landesbank Baden-Wuertt   3.500   1/24/2020  EUR   61.530
Landesbank Baden-Wuertt   4.500   1/24/2020  EUR   58.340
Landesbank Baden-Wuertt   2.500   1/24/2020  EUR   64.040
Landesbank Baden-Wuertt   3.000   1/24/2020  EUR   30.690
Landesbank Baden-Wuertt   6.000   1/24/2020  EUR   26.230
Landesbank Baden-Wuertt   4.000   2/28/2020  EUR   64.730
Landesbank Baden-Wuertt   4.000   1/24/2020  EUR   69.020
Landesbank Baden-Wuertt   2.500   1/24/2020  EUR   63.100
Landesbank Baden-Wuertt   3.500   1/24/2020  EUR   59.660
Landesbank Baden-Wuertt   4.500   1/24/2020  EUR   57.310
Landesbank Hessen-Thuer   6.100   12/4/2023  EUR   53.280
Bank Julius Baer & Co L   5.800   1/27/2020  CHF   73.900
EFG International Finan   8.600    2/7/2020  USD   50.380
UBS AG/London             9.000   7/20/2020  CHF   75.550
UBS AG/London            10.000   7/20/2020  EUR   71.950
UBS AG/London             9.750   7/20/2020  EUR   69.950
Goldman Sachs & Co Wert  14.000   3/25/2020  EUR   64.330
Raiffeisen Schweiz Geno   6.300    2/3/2020  CHF   58.990
Raiffeisen Schweiz Geno   5.800    8/3/2020  EUR   56.280
Leonteq Securities AG/G   8.000    8/5/2020  CHF   71.540
Leonteq Securities AG/G   9.000    8/5/2020  USD   74.470
Leonteq Securities AG/G  10.000    2/5/2020  EUR   56.140
Vontobel Financial Prod   5.250   2/21/2020  EUR   57.600
Leonteq Securities AG/G  14.200   1/15/2020  USD   23.960
Leonteq Securities AG/G  11.000    1/9/2020  CHF   68.250
Leonteq Securities AG/G  11.000   1/15/2020  CHF   23.180
Landesbank Baden-Wuertt   2.300   8/27/2021  EUR   62.510
Goldman Sachs & Co Wert  13.000   6/24/2020  EUR   55.920
Goldman Sachs & Co Wert   5.000   3/25/2020  EUR   64.400
Goldman Sachs & Co Wert   7.000   3/25/2020  EUR   58.480
Goldman Sachs & Co Wert  10.000   3/25/2020  EUR   53.950
Goldman Sachs & Co Wert   4.000   6/24/2020  EUR   67.110
Goldman Sachs & Co Wert   4.000   6/24/2020  EUR   71.160
Goldman Sachs & Co Wert   5.000   6/24/2020  EUR   64.000
Goldman Sachs & Co Wert   6.000   6/24/2020  EUR   67.080
Goldman Sachs & Co Wert   8.000   6/24/2020  EUR   61.380
Goldman Sachs & Co Wert  10.000   6/24/2020  EUR   59.460
UBS AG/London             8.500   6/15/2020  CHF   70.650
Bayerische Landesbank     3.200  11/20/2020  EUR   61.020
DZ Bank AG Deutsche Zen   8.750   6/24/2020  EUR   65.210
DZ Bank AG Deutsche Zen   6.000   6/24/2020  EUR   68.860
UBS AG/London            24.500   3/26/2020  EUR   67.380
Leonteq Securities AG/G   5.000  10/13/2020  CHF   66.870
UBS AG/London             4.500   3/26/2020  EUR   61.870
Commerzbank AG            3.200    4/6/2020  USD   72.240
Vontobel Financial Prod   9.000   9/11/2020  EUR   73.600
UBS AG/London             9.000   4/14/2020  CHF   63.350
DekaBank Deutsche Giroz   6.200   11/9/2020  EUR   64.610
UBS AG/London            15.900   6/25/2020  EUR   71.620
Commerzbank AG            8.000   3/27/2020  EUR   70.120
Vontobel Financial Prod  15.000   3/27/2020  EUR   60.590
UniCredit Bank AG         4.500   1/18/2022  EUR   69.710
EFG International Finan   5.600   4/26/2021  CHF   64.770
Landesbank Hessen-Thuer   3.150   5/11/2022  EUR   68.780
DZ Bank AG Deutsche Zen   4.750   6/24/2020  EUR   64.120
DZ Bank AG Deutsche Zen   7.500   6/24/2020  EUR   65.390
DZ Bank AG Deutsche Zen   8.500   6/24/2020  EUR   69.530
UBS AG/London             7.000   4/14/2020  CHF   73.500
DZ Bank AG Deutsche Zen  11.000   6/24/2020  EUR   71.010
Vontobel Financial Prod  10.500   3/27/2020  EUR   67.390
Vontobel Financial Prod   8.500   3/27/2020  EUR   70.960
UniCredit Bank AG         6.000   1/18/2021  EUR   52.490
Vontobel Financial Prod   6.000   3/27/2020  EUR   55.020
DekaBank Deutsche Giroz   3.300    5/8/2020  EUR   66.270
UBS AG/London             5.500    4/6/2020  CHF   74.000
Vontobel Financial Prod   9.500   6/12/2020  EUR   72.090
Vontobel Financial Prod   9.250   3/26/2020  EUR   63.090
Vontobel Financial Prod   5.000   3/20/2020  EUR   68.690
Vontobel Financial Prod   7.500   3/27/2020  EUR   67.860
EFG International Finan   7.200  12/29/2020  EUR   55.280
DekaBank Deutsche Giroz   4.250    5/3/2022  EUR   62.060
UBS AG/London             8.000   6/15/2020  EUR   60.100
Commerzbank AG           11.500   3/27/2020  EUR   70.560
UBS AG/London            23.700   6/25/2020  EUR   70.720
Commerzbank AG            6.000   3/27/2020  EUR   74.050
Leonteq Securities AG/G   7.400  12/22/2020  CHF   73.290
Societe Generale Effekt   3.750   5/24/2021  EUR   51.630
Leonteq Securities AG/G   4.000  12/29/2020  CHF   35.820
UBS AG/London            20.300   6/25/2020  EUR   70.280
UBS AG/London            23.400   6/25/2020  EUR   71.590
Vontobel Financial Prod   7.500   3/27/2020  EUR   52.390
Vontobel Financial Prod  12.500   3/27/2020  EUR   64.240
Vontobel Financial Prod   7.500   3/27/2020  EUR   70.300
DekaBank Deutsche Giroz   2.200    5/8/2020  EUR   55.120
Vontobel Financial Prod  13.500   3/27/2020  EUR   72.340
DZ Bank AG Deutsche Zen   6.000   6/24/2020  EUR   64.930
Landesbank Baden-Wuertt   3.600  12/29/2020  EUR   71.350
Landesbank Baden-Wuertt   3.000  12/29/2020  EUR   72.930
UniCredit Bank AG         4.250  11/21/2021  EUR   67.010
Landesbank Baden-Wuertt   5.000   4/24/2020  EUR   57.220
UBS AG/London            10.500   11/3/2020  CHF   65.650
Vontobel Financial Prod  10.000   3/27/2020  EUR   65.720
Landesbank Baden-Wuertt   3.500   4/24/2020  EUR   63.440
Landesbank Baden-Wuertt   5.000   4/24/2020  EUR   60.170
Landesbank Baden-Wuertt   4.000   4/24/2020  EUR   56.480
Landesbank Baden-Wuertt   2.000   4/24/2020  EUR   67.980
Landesbank Baden-Wuertt   4.000   4/24/2020  EUR   61.960
Landesbank Baden-Wuertt   4.000   4/24/2020  EUR   67.460
Landesbank Baden-Wuertt   2.000   4/24/2020  EUR   63.790
Landesbank Baden-Wuertt   2.000   4/24/2020  EUR   72.300
Landesbank Baden-Wuertt   5.000   4/24/2020  EUR   54.380
Landesbank Baden-Wuertt   4.000   4/24/2020  EUR   77.180
DZ Bank AG Deutsche Zen  12.000   3/25/2020  EUR   67.930
Landesbank Baden-Wuertt   3.500   4/24/2020  EUR   64.980
Landesbank Baden-Wuertt   5.000   4/24/2020  EUR   54.140
Landesbank Baden-Wuertt   2.500   4/24/2020  EUR   25.420
Landesbank Baden-Wuertt   2.500   5/22/2020  EUR   72.890
Landesbank Baden-Wuertt   4.000   5/22/2020  EUR   65.680
Landesbank Baden-Wuertt   3.500   4/24/2020  EUR   63.030
HSBC Trinkaus & Burkhar  10.000   3/27/2020  EUR   73.680
HSBC Trinkaus & Burkhar  29.100   1/24/2020  EUR   49.740
HSBC Trinkaus & Burkhar   7.300   3/27/2020  EUR   44.790
HSBC Trinkaus & Burkhar  30.000   1/24/2020  EUR   53.310
Landesbank Baden-Wuertt   6.000   4/24/2020  EUR   67.610
Landesbank Baden-Wuertt   2.000   4/24/2020  EUR   65.600
Landesbank Baden-Wuertt   3.000   4/24/2020  EUR   62.290
Landesbank Baden-Wuertt   3.500   4/24/2020  EUR   61.450
Landesbank Baden-Wuertt   2.000   4/24/2020  EUR   59.440
Landesbank Baden-Wuertt   2.500   4/24/2020  EUR   54.230
DekaBank Deutsche Giroz   5.950   12/4/2020  EUR   55.770
Raiffeisen Schweiz Geno   5.200  11/11/2020  CHF   61.180
Landesbank Baden-Wuertt   5.000   4/24/2020  EUR   73.810
Landesbank Baden-Wuertt   2.000   4/24/2020  EUR   71.960
Raiffeisen Schweiz Geno   7.500   7/27/2020  CHF   60.580
Raiffeisen Schweiz Geno   6.250   1/29/2020  CHF   74.010
Leonteq Securities AG/G   7.000   1/29/2020  CHF   68.090
Leonteq Securities AG/G   8.200   1/29/2020  EUR   53.390
Leonteq Securities AG/G   8.000   7/29/2020  EUR   59.330
Landesbank Hessen-Thuer   4.000   8/26/2020  EUR   59.600
Leonteq Securities AG/G  10.000   7/27/2020  CHF   59.150
Zurcher Kantonalbank Fi   5.750   1/30/2020  CHF   18.030
HSBC Trinkaus & Burkhar   5.400   6/26/2020  EUR   57.170
UBS AG/London             9.100   6/25/2020  EUR   41.690
UBS AG/London             9.100   3/26/2020  EUR   40.250
DekaBank Deutsche Giroz   2.800   2/12/2021  EUR   70.470
UniCredit Bank AG         3.250   2/27/2022  EUR   59.720
Landesbank Baden-Wuertt   4.350   7/24/2020  EUR   43.760
EFG International Finan  11.500   4/15/2020  CHF   74.060
DekaBank Deutsche Giroz   2.900   2/14/2020  EUR   72.740
Leonteq Securities AG/G   7.200   7/29/2020  CHF   73.520
Corner Banca SA          10.000    4/8/2020  CHF   72.350
UBS AG/London             5.500   1/17/2020  CHF   72.900
Leonteq Securities AG/G   6.200   7/27/2021  CHF   63.390
UniCredit Bank AG         4.000   8/24/2021  EUR   71.620
Raiffeisen Schweiz Geno   6.500   1/30/2020  CHF   55.500
Landesbank Hessen-Thuer   4.000   8/26/2020  EUR   57.800
Landesbank Baden-Wuertt   4.150  10/22/2021  EUR   76.260
UBS AG/London            12.000  10/12/2020  CHF   73.200
UBS AG/London             7.200   3/26/2020  EUR   42.990
Leonteq Securities AG    10.000    8/3/2020  CHF   31.480
DekaBank Deutsche Giroz   2.000   1/22/2021  EUR   65.860
EFG International Finan   7.400   1/11/2021  USD   75.260
Corner Banca SA          12.000    1/8/2020  CHF   74.410
Raiffeisen Schweiz Geno  10.020   1/15/2020  EUR   69.840
Leonteq Securities AG    13.200    1/8/2020  CHF   60.630
Leonteq Securities AG    10.200    1/8/2020  CHF   71.410
Leonteq Securities AG/G   8.000   7/22/2020  CHF   65.210
Raiffeisen Schweiz Geno   6.450   1/22/2020  CHF   70.250
Bank Julius Baer & Co L   8.800   1/24/2020  EUR   66.200
Raiffeisen Schweiz Geno   7.000   1/15/2020  CHF   68.690
Vontobel Financial Prod  12.500   3/27/2020  EUR   67.830
Zurcher Kantonalbank Fi   3.500   1/23/2020  CHF   17.300
Vontobel Financial Prod  15.500   3/27/2020  EUR   68.100
Vontobel Financial Prod  13.000   3/27/2020  EUR   65.340
Leonteq Securities AG/G   6.600   1/22/2020  EUR   71.630
Leonteq Securities AG    11.000    1/8/2020  CHF   74.270
Vontobel Financial Prod   7.500   3/27/2020  EUR   62.410
Vontobel Financial Prod  12.500   3/27/2020  EUR   53.500
Vontobel Financial Prod  10.500   3/27/2020  EUR   56.030
Vontobel Financial Prod  10.000   3/27/2020  EUR   71.290
Leonteq Securities AG     5.400   7/25/2022  CHF   74.950
Vontobel Financial Prod  15.000   3/27/2020  EUR   73.620
Leonteq Securities AG/G   5.500   1/30/2020  CHF   64.220
Goldman Sachs & Co Wert   8.000   6/24/2020  EUR   66.340
Vontobel Financial Prod  14.500   3/27/2020  EUR   64.690
Vontobel Financial Prod   9.000   3/27/2020  EUR   70.630
Landesbank Baden-Wuertt   3.000   3/26/2021  EUR   72.540
Vontobel Financial Prod   9.500   3/27/2020  EUR   65.630
UniCredit Bank AG         5.000   2/12/2021  EUR   71.870
Vontobel Financial Prod   6.500   3/27/2020  EUR   66.350
HSBC Trinkaus & Burkhar   1.000   4/22/2020  EUR   73.500
Vontobel Financial Prod   9.500   2/28/2020  EUR   50.040
Vontobel Financial Prod  12.500   3/27/2020  EUR   66.380
Leonteq Securities AG/G  13.000    8/4/2020  CHF   48.250
Societe Generale Effekt  29.695   3/20/2020  EUR   72.300
Societe Generale Effekt  14.287   3/20/2020  EUR   70.060
Societe Generale Effekt   8.684   3/20/2020  EUR   42.750
Societe Generale Effekt  10.925   3/20/2020  EUR   40.290
Societe Generale Effekt  11.986   6/19/2020  EUR   45.060
Societe Generale Effekt  14.041   6/19/2020  EUR   42.870
Societe Generale Effekt  11.766   3/20/2020  EUR   72.160
Societe Generale Effekt  19.890   3/20/2020  EUR   62.690
Societe Generale Effekt  11.766   3/20/2020  EUR   73.760
Societe Generale Effekt  15.968   3/20/2020  EUR   67.730
Vontobel Financial Prod   7.500   3/27/2020  EUR   58.430
UBS AG/London             6.250   1/17/2020  CHF   40.550
UBS AG/London            13.000   1/21/2020  USD   73.360
UBS AG/London             9.000   7/20/2020  CHF   60.350
UBS AG/London            11.000   1/10/2020  EUR   37.600
Landesbank Hessen-Thuer   6.500   2/16/2023  EUR   70.390
Leonteq Securities AG/G  14.000   1/15/2020  USD   38.090
Leonteq Securities AG/G  10.600   1/15/2020  CHF   37.220
UBS AG/London            11.090    4/8/2020  USD    5.406
UBS AG/London             6.000   7/20/2020  CHF   61.100
UBS AG/London             6.500   7/20/2020  EUR   58.650
UBS AG/London            12.000   4/13/2020  USD   59.170
Raiffeisen Schweiz Geno   7.840   1/22/2020  CHF   67.960
UBS AG/London             6.750   1/17/2020  CHF   69.050
Raiffeisen Schweiz Geno   6.400    4/8/2020  CHF   72.300
HSBC Trinkaus & Burkhar   5.600   6/26/2020  EUR   68.430
HSBC Trinkaus & Burkhar   5.300   6/26/2020  EUR   64.870
UniCredit Bank AG         5.900   2/12/2021  EUR   55.250
UniCredit Bank AG         4.550   2/12/2021  EUR   70.510
Vontobel Financial Prod   9.000   3/27/2020  EUR   59.010
Leonteq Securities AG/G   8.000   1/17/2020  CHF   48.430
HSBC Trinkaus & Burkhar   6.900   6/26/2020  EUR   69.040
UBS AG/London             6.250   4/20/2020  CHF   48.500
UBS AG/London             9.000    9/7/2020  EUR   67.800
UBS AG/London             7.500   3/26/2020  EUR   69.200
UBS AG/London            15.600   3/26/2020  EUR   70.100
UBS AG/London             6.600   3/26/2020  EUR   73.010
UBS AG/London            12.900   6/25/2020  EUR   64.810
UBS AG/London             8.900   3/26/2020  EUR   68.240
Bank Julius Baer & Co L   7.000    3/6/2020  EUR   70.200
DekaBank Deutsche Giroz   3.100   5/28/2021  EUR   66.560
DekaBank Deutsche Giroz   2.700   5/29/2020  EUR   51.890
Landesbank Baden-Wuertt   2.750   5/31/2021  EUR   57.050
UBS AG/London             8.000   4/27/2020  EUR   56.200
Landesbank Hessen-Thuer   4.000  11/24/2021  EUR   61.130
Landesbank Hessen-Thuer   4.000  11/24/2021  EUR   67.670
Landesbank Hessen-Thuer   5.900   8/25/2023  EUR   50.720
Vontobel Financial Prod  16.000   3/13/2020  EUR   67.090
Landesbank Baden-Wuertt   2.500   7/24/2020  EUR   54.830
HSBC Trinkaus & Burkhar  12.500   3/27/2020  EUR   39.780
HSBC Trinkaus & Burkhar   6.900   3/27/2020  EUR   46.570
HSBC Trinkaus & Burkhar   5.000   3/27/2020  EUR   50.390
HSBC Trinkaus & Burkhar   9.200   2/28/2020  EUR   43.040
Raiffeisen Schweiz Geno   4.700   11/4/2020  CHF   60.480
DekaBank Deutsche Giroz   2.200   5/28/2021  EUR   62.650
DekaBank Deutsche Giroz   2.900   5/29/2020  EUR   52.140
Vontobel Financial Prod  17.650   1/22/2020  EUR   35.550
Landesbank Baden-Wuertt   7.000   7/24/2020  EUR   45.080
Raiffeisen Schweiz Geno   5.500    5/4/2020  CHF   59.870
Landesbank Baden-Wuertt   5.000   7/24/2020  EUR   68.160
Landesbank Baden-Wuertt   5.000   7/24/2020  EUR   47.690
Deutsche Bank AG          8.200   9/22/2020  EUR   63.100
Deutsche Bank AG          8.200  12/22/2020  EUR   59.600
Leonteq Securities AG/G   7.500   3/11/2021  CHF   74.480
Raiffeisen Switzerland    9.500   3/11/2020  EUR   64.770
Vontobel Financial Prod  11.000   3/27/2020  EUR   57.380
DZ Bank AG Deutsche Zen  10.000   3/25/2020  EUR   64.150
Bank Julius Baer & Co L  10.800   6/12/2020  CHF   71.000
Vontobel Financial Prod   5.500   3/20/2020  EUR   63.780
HSBC Trinkaus & Burkhar   3.000   8/10/2020  EUR   70.500
Bank Julius Baer & Co L   9.300   3/16/2020  USD   59.950
Vontobel Financial Prod  13.500   3/27/2020  EUR   64.890
Societe Generale Effekt   9.805   3/20/2020  EUR   68.970
Societe Generale Effekt  13.447   3/20/2020  EUR   72.370
UBS AG/London            10.000   1/30/2020  EUR   64.950
Landesbank Baden-Wuertt   3.000   7/24/2020  EUR   44.760
Landesbank Baden-Wuertt   5.000   7/24/2020  EUR   40.940
Landesbank Baden-Wuertt   7.000   7/24/2020  EUR   72.130
Vontobel Financial Prod  12.000   3/13/2020  EUR   59.470
Vontobel Financial Prod   8.500   3/13/2020  EUR   73.210
Vontobel Financial Prod  18.000   3/13/2020  EUR   70.790
Vontobel Financial Prod  11.500   3/13/2020  EUR   67.750
UBS AG/London            10.250   6/15/2020  CHF   47.400
UBS AG/London             8.750   6/15/2020  EUR   75.250
Vontobel Financial Prod   7.000   3/13/2020  EUR   58.700
UBS AG/London             6.900   3/26/2020  EUR   71.770
UBS AG/London            10.500   3/26/2020  EUR   67.380
Corner Banca SA           8.000   5/25/2021  CHF   65.730
UBS AG/London            10.700   3/26/2020  EUR   63.940
Zurcher Kantonalbank Fi   7.500   3/13/2020  EUR   71.810
Societe Generale Effekt   7.767   3/20/2020  EUR   74.210
Societe Generale Effekt   8.285   3/20/2020  EUR   72.860
Societe Generale Effekt   9.838   3/20/2020  EUR   70.370
Societe Generale Effekt  11.651   3/20/2020  EUR   68.230
Societe Generale Effekt  14.240   3/20/2020  EUR   65.200
Societe Generale Effekt  22.525   3/20/2020  EUR   58.360
Societe Generale Effekt  23.301   3/20/2020  EUR   57.710
Societe Generale Effekt  24.337   3/20/2020  EUR   57.130
Societe Generale Effekt  12.528   6/19/2020  EUR   70.940
Societe Generale Effekt  11.564   6/19/2020  EUR   71.510
Societe Generale Effekt  16.052   3/20/2020  EUR   65.400
Societe Generale Effekt  18.632   6/19/2020  EUR   66.390
Societe Generale Effekt   4.660   3/20/2020  EUR   67.190
Societe Generale Effekt   7.249   3/20/2020  EUR   60.460
Societe Generale Effekt  10.097   3/20/2020  EUR   55.210
Societe Generale Effekt  13.204   3/20/2020  EUR   51.060
Societe Generale Effekt   9.637   6/19/2020  EUR   62.120
Societe Generale Effekt  12.849   6/19/2020  EUR   57.580
Societe Generale Effekt  10.740   9/18/2020  EUR   63.150
Societe Generale Effekt  14.192   9/18/2020  EUR   59.270
Societe Generale Effekt  11.910   3/20/2020  EUR   68.290
Societe Generale Effekt  14.499   3/20/2020  EUR   65.170
Societe Generale Effekt  20.195   3/20/2020  EUR   60.130
Societe Generale Effekt  25.890   3/20/2020  EUR   56.200
Societe Generale Effekt  14.134   6/19/2020  EUR   70.160
Societe Generale Effekt  22.486   6/19/2020  EUR   63.450
Societe Generale Effekt  15.793   3/20/2020  EUR   70.570
Vontobel Financial Prod  13.000   2/28/2020  EUR   71.040
Goldman Sachs & Co Wert   6.000   6/24/2020  EUR   61.210
Goldman Sachs & Co Wert   7.000   6/24/2020  EUR   58.760
Goldman Sachs & Co Wert   5.000   6/24/2020  EUR   70.470
UniCredit Bank AG         9.200  12/29/2020  EUR   52.630
UniCredit Bank AG         8.500  12/29/2020  EUR   55.460
UniCredit Bank AG         7.400  12/29/2020  EUR   52.480
UniCredit Bank AG         6.800  12/29/2020  EUR   59.150
UniCredit Bank AG        12.200  12/29/2020  EUR   33.790
UniCredit Bank AG         9.300  12/29/2020  EUR   52.800
UniCredit Bank AG         8.900  12/29/2020  EUR   49.650
UniCredit Bank AG         6.600  12/29/2020  EUR   61.410
UniCredit Bank AG         7.300  12/29/2020  EUR   61.170
UniCredit Bank AG         6.500  12/29/2020  EUR   26.420
UniCredit Bank AG         9.700  12/29/2020  EUR   69.750
UBS AG/London             6.250   6/29/2020  CHF   59.700
UBS AG/London             7.500   6/29/2020  EUR   55.550
Zurcher Kantonalbank Fi   6.500    7/3/2020  CHF   39.830
Vontobel Financial Prod   5.400    1/6/2020  EUR   43.850
Leonteq Securities AG/G   7.000  12/15/2020  EUR   73.380
DekaBank Deutsche Giroz   3.000   1/18/2021  EUR   63.520
Landesbank Hessen-Thuer   5.650   7/20/2023  EUR   70.440
Credit Suisse AG/Nassau   7.200    7/5/2021  CHF   66.100
UniCredit Bank AG         9.100  12/29/2020  EUR   51.440
UniCredit Bank AG         9.300  12/29/2020  EUR   56.460
UniCredit Bank AG        14.800  12/29/2020  EUR   31.420
UniCredit Bank AG         6.900  12/29/2020  EUR   66.610
UniCredit Bank AG        10.600  12/29/2020  EUR   62.800
UniCredit Bank AG        10.700  12/29/2020  EUR   72.730
UniCredit Bank AG         8.200  12/29/2020  EUR   70.770
UniCredit Bank AG         6.500  12/29/2020  EUR   62.790
UniCredit Bank AG         7.200  12/29/2020  EUR   26.350
UniCredit Bank AG         9.100  12/29/2020  EUR   59.010
UniCredit Bank AG         7.000  12/29/2020  EUR   58.740
UniCredit Bank AG        10.900  12/29/2020  EUR   67.170
UBS AG/London             6.000  12/28/2020  CHF   60.350
UBS AG/London             6.250   6/21/2021  CHF   61.350
Landesbank Hessen-Thuer   2.750   8/31/2020  EUR   69.300
Leonteq Securities AG     6.200    8/6/2020  CHF   61.630
Goldman Sachs & Co Wert  13.000   6/24/2020  EUR   65.140
Goldman Sachs & Co Wert  12.000   6/24/2020  EUR   69.960
Goldman Sachs & Co Wert  12.000   3/25/2020  EUR   69.650
Goldman Sachs & Co Wert   9.000   3/25/2020  EUR   59.670
Goldman Sachs & Co Wert  15.000   3/25/2020  EUR   53.100
DekaBank Deutsche Giroz   5.500   2/26/2021  EUR   69.210
UBS AG/London             6.000   6/29/2020  CHF   52.600
Landesbank Hessen-Thuer   3.500    8/3/2022  EUR   57.780
Leonteq Securities AG/G  10.000    1/9/2020  CHF   67.960
Landesbank Hessen-Thuer   3.500    8/3/2022  EUR   74.380
UniCredit Bank AG         8.900  12/29/2020  EUR   55.900
UniCredit Bank AG         7.900  12/29/2020  EUR   72.810
UniCredit Bank AG         6.800  12/29/2020  EUR   57.810
UniCredit Bank AG         7.400  12/29/2020  EUR   56.880
UniCredit Bank AG         6.000  12/29/2020  EUR   56.100
UniCredit Bank AG        10.100  12/29/2020  EUR   52.830
UniCredit Bank AG         6.100  12/29/2020  EUR   60.710
UniCredit Bank AG         6.600  12/29/2020  EUR   60.660
UniCredit Bank AG         7.200  12/29/2020  EUR   73.310
UniCredit Bank AG         8.300  12/29/2020  EUR   71.770
UniCredit Bank AG         7.300  12/29/2020  EUR   72.570
UniCredit Bank AG         7.900  12/29/2020  EUR   51.760
UniCredit Bank AG         8.400  12/29/2020  EUR   71.840
UniCredit Bank AG         9.500  12/29/2020  EUR   69.430
UniCredit Bank AG         6.400  12/29/2020  EUR   72.340
UniCredit Bank AG         8.100  12/29/2020  EUR   58.690
UniCredit Bank AG         8.700  12/29/2020  EUR   68.340
UniCredit Bank AG        10.700  12/29/2020  EUR   56.140
UniCredit Bank AG         4.200   7/26/2022  EUR   66.090
DekaBank Deutsche Giroz   2.000   7/30/2021  EUR   66.100
Credit Suisse AG/London  13.100   7/31/2020  USD   69.530
UniCredit Bank AG         8.300  12/29/2020  EUR   69.850
UniCredit Bank AG         8.400  12/29/2020  EUR   53.630
UniCredit Bank AG         6.700  12/29/2020  EUR   51.050
UniCredit Bank AG         6.800  12/29/2020  EUR   54.130
UniCredit Bank AG         9.400  12/29/2020  EUR   69.490
UniCredit Bank AG         6.500  12/29/2020  EUR   57.530
UniCredit Bank AG        11.200  12/29/2020  EUR   61.750
UniCredit Bank AG         6.200  12/29/2020  EUR   68.540
UniCredit Bank AG        10.100  12/29/2020  EUR   54.480
UniCredit Bank AG         6.700  12/29/2020  EUR   74.150
UniCredit Bank AG         7.500  12/29/2020  EUR   72.430
UniCredit Bank AG         7.800  12/29/2020  EUR   69.200
UniCredit Bank AG         8.000  12/29/2020  EUR   70.050
UniCredit Bank AG        12.000  12/29/2020  EUR   58.600
UniCredit Bank AG         8.300  12/29/2020  EUR   56.700
UniCredit Bank AG         7.200  12/29/2020  EUR   68.920
UniCredit Bank AG         9.000  12/29/2020  EUR   55.580
UniCredit Bank AG         7.900  12/29/2020  EUR   57.360
UBS AG/London             7.000   6/22/2020  CHF   73.150
DZ Bank AG Deutsche Zen  17.000   6/26/2020  EUR   73.260
UBS AG/London            10.000    2/6/2020  EUR   60.650
UBS AG/London            13.000   3/26/2020  EUR   69.990
UniCredit Bank AG         4.200    1/4/2021  EUR   51.470
UBS AG/London            18.000   6/25/2020  EUR   63.180
UBS AG/London            16.300   6/25/2020  EUR   68.280
Vontobel Financial Prod  16.000   9/25/2020  EUR   72.030
UBS AG/London            11.000    5/4/2020  USD   63.600
Raiffeisen Schweiz Geno   6.000   5/25/2020  EUR   69.130
Raiffeisen Schweiz Geno   7.500   5/25/2020  CHF   20.900
Raiffeisen Schweiz Geno   6.450   5/25/2020  CHF   72.040
Landesbank Hessen-Thuer   5.350   9/22/2023  EUR   65.880
UniCredit Bank AG         4.000    3/2/2020  EUR   40.820
DekaBank Deutsche Giroz   2.660   2/28/2020  EUR   72.340
UniCredit Bank AG         8.200  12/29/2020  EUR   70.950
UBS AG/London             9.500  11/16/2020  USD   60.600
Raiffeisen Schweiz Geno   8.600   5/28/2020  CHF   59.800
UBS AG/London             6.000   5/18/2020  CHF   58.750
Leonteq Securities AG    15.000   5/15/2020  CHF   33.800
UBS AG/London             9.500   2/28/2020  EUR   50.700
UBS AG/London            10.000   2/28/2020  EUR   51.550
EFG International Finan   7.000    6/8/2021  EUR   70.810
EFG International Finan   5.550   7/12/2021  USD   58.850
UBS AG/London            10.500   2/28/2020  CHF   36.250
UBS AG/London             7.500   2/28/2020  EUR   74.600
DZ Bank AG Deutsche Zen   8.000   2/26/2020  EUR   72.360
Bayerische Landesbank     3.400   7/16/2021  EUR   57.690
Raiffeisen Schweiz Geno   5.750    9/9/2020  CHF   50.650
Landesbank Baden-Wuertt   3.000   2/28/2020  EUR   61.420
Landesbank Baden-Wuertt   5.000   2/28/2020  EUR   55.390
Raiffeisen Schweiz Geno   5.200   12/1/2020  CHF   59.050
UBS AG/London            10.000   2/20/2020  CHF   62.350
UBS AG/London            12.600   6/25/2020  EUR   70.020
BNP Paribas Emissions-   22.000   3/26/2020  EUR   73.440
Vontobel Financial Prod  20.500   9/25/2020  EUR   52.820
UBS AG/London            22.700   3/26/2020  EUR   60.750
UBS AG/London            18.600   6/25/2020  EUR   66.260
UBS AG/London            23.400   3/26/2020  EUR   63.880
UBS AG/London            10.200   6/25/2020  EUR   72.700
UBS AG/London             9.000   8/17/2020  EUR   72.700
Raiffeisen Schweiz Geno   5.340   8/17/2020  CHF   69.020
WEB Windenergie AG        2.250   9/25/2028  EUR   55.010
Leonteq Securities AG     8.000   8/24/2020  CHF   67.370
Leonteq Securities AG/G   5.600   8/24/2021  CHF   57.630
Vontobel Financial Prod   3.840   2/17/2020  EUR   67.200
Raiffeisen Schweiz Geno   5.250   2/24/2020  CHF   68.330
Landesbank Baden-Wuertt   3.350   8/28/2020  EUR   62.120
Leonteq Securities AG/G   3.400   3/20/2024  CHF   56.080
Raiffeisen Schweiz Geno   2.700   9/22/2026  CHF   59.650
DekaBank Deutsche Giroz   2.050  12/11/2020  EUR   63.350
EFG International Finan   7.800   2/15/2021  EUR   64.260
Raiffeisen Schweiz Geno   3.000   9/21/2029  CHF   71.730
UniCredit Bank AG         3.500   1/29/2020  EUR   31.030
Raiffeisen Schweiz Geno   3.000   9/22/2020  CHF   13.980
Luzerner Kantonalbank A   6.000    4/8/2020  CHF   72.680
Luzerner Kantonalbank A  10.000    4/8/2020  CHF   58.890
DekaBank Deutsche Giroz   2.750  12/11/2020  EUR   57.010
DekaBank Deutsche Giroz   6.550   8/21/2020  EUR   61.330
UBS AG/London            11.000   9/21/2020  CHF   65.650
UBS AG/London             6.500   1/31/2020  USD   51.050
UBS AG/London             5.250   1/31/2020  CHF   38.800
UBS AG/London             6.500   7/31/2020  CHF   68.800
Leonteq Securities AG     3.600   9/22/2026  CHF   65.110
Raiffeisen Schweiz Geno   7.000   2/12/2020  CHF   66.340
UBS AG/London             5.500   1/31/2020  EUR   67.150
Commerzbank AG           15.000   1/24/2020  EUR   65.080
HSBC Trinkaus & Burkhar   4.170   3/27/2020  EUR   73.070
DekaBank Deutsche Giroz   3.000   2/14/2020  EUR   62.040
DekaBank Deutsche Giroz   4.250   8/21/2020  EUR   68.130
Leonteq Securities AG     3.900  12/20/2024  CHF   62.170
Danske Bank A/S          10.300    7/9/2023  SEK   55.500
Natixis SA                3.500   3/23/2020  USD   55.690
Vontobel Financial Prod   8.500   3/27/2020  EUR   55.580
Vontobel Financial Prod   5.500   3/27/2020  EUR   61.960
Vontobel Financial Prod   7.000   3/27/2020  EUR   58.560
Vontobel Financial Prod  12.000   3/27/2020  EUR   50.730
Vontobel Financial Prod  11.000   3/27/2020  EUR   64.900
Raiffeisen Schweiz Geno   6.600    4/3/2020  EUR   54.280
UniCredit Bank AG         6.300  10/16/2021  EUR   52.380
UniCredit Bank AG         4.650   4/16/2021  EUR   57.550
Credit Suisse AG/London   8.500   2/26/2020  CHF   64.670
UniCredit Bank AG         4.200   2/19/2022  EUR   64.520
Bayerische Landesbank     3.100  10/23/2020  EUR   71.470
Leonteq Securities AG/G   7.500    2/6/2020  CHF   65.700
Credit Suisse AG/Nassau   5.500   2/17/2020  CHF   71.850
Landesbank Baden-Wuertt   3.500   7/24/2020  EUR   71.640
UBS AG/London             7.500   9/21/2020  USD   56.130
Vontobel Financial Prod   5.500   4/15/2020  EUR   73.620
Vontobel Financial Prod   4.600   4/15/2020  EUR   60.110
Leonteq Securities AG/G   2.750   9/15/2022  CHF   39.240
UBS AG/London            10.000   9/21/2020  EUR   71.250
UBS AG/London            11.000   9/21/2020  CHF   66.100
Leonteq Securities AG     3.800   2/15/2021  CHF   30.970
Bank Julius Baer & Co L   7.000   3/23/2020  CHF   71.900
UBS AG/London             6.000   1/31/2020  CHF   55.950
UBS AG/London             6.750   7/31/2020  CHF   71.000
UBS AG/London             7.500   7/31/2020  EUR   45.000
UBS AG/London             6.000   1/31/2020  EUR   72.600
UBS AG/London            10.250   3/23/2020  EUR   44.800
Bank Julius Baer & Co L   6.400   2/21/2020  EUR   62.900
UniCredit Bank AG         4.050   3/26/2021  EUR   52.220
UniCredit Bank AG         4.600   3/26/2021  EUR   55.050
DZ Bank AG Deutsche Zen   8.250   3/25/2020  EUR   62.340
UBS AG/London             9.750    3/9/2020  EUR   67.800
UniCredit Bank AG        13.900  12/29/2020  EUR   69.950
Zurcher Kantonalbank Fi  12.250   2/27/2020  USD   70.710
Leonteq Securities AG/G   8.200    3/2/2020  CHF   19.020
UBS AG/London            12.500   3/16/2020  CHF   35.150
Zurcher Kantonalbank Fi  11.500   1/23/2020  USD   60.180
Zurcher Kantonalbank Fi   7.150   3/19/2020  CHF   18.950
Leonteq Securities AG/G   9.000   3/16/2020  CHF   56.440
Raiffeisen Schweiz Geno   7.000   9/23/2020  EUR   60.640
DekaBank Deutsche Giroz   3.100   3/27/2020  EUR   66.990
UniCredit Bank AG         6.300   3/26/2021  EUR   50.750
Leonteq Securities AG     7.400  11/25/2020  CHF   52.880
DZ Bank AG Deutsche Zen   5.500   3/25/2020  EUR   58.030
Landesbank Hessen-Thuer   4.000   4/20/2022  EUR   61.560
Societe Generale SA      11.500  11/30/2020  USD
Vontobel Financial Prod  10.000   3/27/2020  EUR   52.950
Landesbank Hessen-Thuer   7.250   3/15/2023  EUR   55.460
DekaBank Deutsche Giroz   7.050   10/9/2020  EUR   50.580
DekaBank Deutsche Giroz   6.300   10/9/2020  EUR   61.560
DekaBank Deutsche Giroz   4.250   10/9/2020  EUR   52.900
UBS AG/London            12.000    3/5/2020  CHF   58.850
Raiffeisen Centrobank A   5.500   10/9/2020  EUR   63.860
UBS AG/London            11.000    3/6/2020  USD   67.650
UBS AG/London            11.000    3/5/2020  CHF   54.400
UBS AG/London            10.000    9/7/2020  CHF   42.100
UBS AG/London            10.000    9/7/2020  EUR   77.200
Leonteq Securities AG/G   6.000   9/17/2020  CHF   60.530
Leonteq Securities AG/G   8.000   3/17/2020  CHF   64.160
Raiffeisen Centrobank A   8.342   3/24/2020  EUR   67.150
Raiffeisen Centrobank A  10.286   3/24/2020  EUR   67.310
Raiffeisen Centrobank A  10.929   3/24/2020  EUR   66.160
Raiffeisen Centrobank A   9.643   3/24/2020  EUR   68.650
Raiffeisen Schweiz Geno   8.500   3/17/2020  CHF   72.060
Raiffeisen Schweiz Geno   7.000   9/14/2020  CHF   73.590
DekaBank Deutsche Giroz   3.700   10/2/2020  EUR   65.150
DekaBank Deutsche Giroz   3.150   10/2/2020  EUR   73.040
Center-Invest Commercia   7.500    3/3/2022  RUB  100.000
Societe Generale Effekt   9.140   3/20/2020  EUR   69.840
Societe Generale Effekt  11.121   9/18/2020  EUR   71.610
Societe Generale Effekt   9.901   3/20/2020  EUR   35.270
Credit Suisse AG/London  10.500   3/23/2020  USD   64.520
Leonteq Securities AG    10.000   3/17/2020  CHF   57.220
Leonteq Securities AG/G  10.200   3/18/2020  CHF   62.590
Landesbank Hessen-Thuer   5.200  10/22/2024  EUR   72.490
UBS AG/London            11.000   3/12/2020  USD   66.280
UBS AG/London            11.000   3/12/2020  CHF   55.350
UniCredit Bank AG         5.550   10/5/2021  EUR   69.170
UBS AG/London            11.000   3/12/2020  CHF   56.250
UBS AG/London             7.500   3/12/2020  EUR   70.750
UBS AG/London            12.000   3/12/2020  EUR   37.750
DekaBank Deutsche Giroz   2.500   7/29/2020  EUR   73.650
Macquarie International  11.550   8/28/2023  ZAR   14.516
DekaBank Deutsche Giroz   3.800  10/23/2020  EUR   70.470
HSBC Trinkaus & Burkhar   8.400   6/26/2020  EUR   56.910
Leonteq Securities AG/G  10.000   4/17/2020  CHF   42.470
Deutsche Bank AG          4.200   3/24/2020  EUR   74.000
Deutsche Bank AG          4.200   6/23/2020  EUR   73.900
Deutsche Bank AG          4.200   9/22/2020  EUR   74.000
Raiffeisen Centrobank A   5.500   6/30/2020  EUR   71.400
UBS AG/London             7.000    6/2/2020  CHF   56.450
UniCredit Bank AG         3.850   6/28/2022  EUR   62.690
Raiffeisen Centrobank A   8.226   6/23/2020  EUR   72.630
Credit Suisse AG/Nassau   7.250    6/8/2020  EUR   70.100
UniCredit Bank AG         3.800   6/28/2022  EUR   60.690
Natixis SA                3.150    6/9/2021  USD   63.776
Landesbank Baden-Wuertt   5.000   2/28/2020  EUR   52.760
Landesbank Baden-Wuertt   5.300   2/28/2020  EUR   56.540
Landesbank Baden-Wuertt   4.500   2/28/2020  EUR   75.240
Landesbank Hessen-Thuer   3.500    7/6/2022  EUR   71.530
Raiffeisen Schweiz Geno   4.800   12/8/2020  CHF   58.490
Leonteq Securities AG     5.200   6/11/2020  CHF   56.550
BNP Paribas Issuance BV   6.400    6/1/2020  EUR   56.150
DekaBank Deutsche Giroz   2.000   6/25/2021  EUR   59.920
Leonteq Securities AG/G   2.500    6/5/2024  EUR   61.220
UBS AG/London             5.750  11/23/2020  CHF   61.800
UBS AG/London             8.000    6/8/2020  CHF   75.400
UBS AG/London            10.750    6/8/2020  CHF   67.150
UBS AG/London             6.500   12/7/2020  EUR   58.300
UBS AG/London             7.250    6/8/2020  USD   61.990
Leonteq Securities AG     5.000   6/15/2021  CHF   60.180
Leonteq Securities AG/G  10.280   6/11/2020  CHF   70.440
Leonteq Securities AG/G   7.000   6/15/2020  CHF   58.190
UBS AG/London             6.100   6/25/2020  EUR   60.760
Vontobel Financial Prod  13.000   6/12/2020  EUR   69.550
Vontobel Financial Prod  13.500   6/26/2020  EUR   70.270
Vontobel Financial Prod   9.500   3/27/2020  EUR   73.240
Vontobel Financial Prod  13.000   3/27/2020  EUR   69.770
DZ Bank AG Deutsche Zen  12.000   6/24/2020  EUR   62.590
DekaBank Deutsche Giroz   3.000   5/20/2020  EUR   70.400
Vontobel Financial Prod  21.000   6/26/2020  EUR   58.490
UniCredit Bank AG        12.300   6/26/2020  EUR   66.210
UniCredit Bank AG        10.100   6/26/2020  EUR   67.810
UniCredit Bank AG        14.900   6/25/2021  EUR   74.160
Bank Julius Baer & Co L   6.750   7/13/2020  EUR   74.200
Vontobel Financial Prod  20.500   6/26/2020  EUR   73.940
Vontobel Financial Prod   9.500   6/26/2020  EUR   60.450
Landesbank Hessen-Thuer   8.900   10/6/2020  EUR   30.730
UniCredit Bank AG         3.800   7/23/2020  EUR   27.940
Leonteq Securities AG/G  16.400  12/14/2020  USD   72.370
Vontobel Financial Prod  17.000   3/27/2020  EUR   68.720
Landesbank Hessen-Thuer   8.000  11/17/2020  EUR   66.710
EFG International Finan   7.200   7/29/2020  EUR   12.820
HSBC Trinkaus & Burkhar   7.700   6/26/2020  EUR   44.320
Vontobel Financial Prod  10.000   1/24/2020  EUR   65.140
Vontobel Financial Prod  11.000   1/24/2020  EUR   65.180
UBS AG/London            20.000   1/24/2020  CHF   49.100
Vontobel Financial Prod  10.500   3/27/2020  EUR   73.570
Vontobel Financial Prod  12.000   3/27/2020  EUR   71.880
UBS AG/London            13.500   9/11/2020  USD   56.060
Societe Generale Effekt  27.705   6/19/2020  EUR   72.460
Societe Generale Effekt  17.003   9/18/2020  EUR   71.850
Societe Generale Effekt  25.504   9/18/2020  EUR   68.260
Leonteq Securities AG    16.000  12/16/2020  CHF   62.210
Vontobel Financial Prod  10.500   3/27/2020  EUR   64.780
Bank Julius Baer & Co L   9.700   1/24/2020  USD   67.000
HSBC Trinkaus & Burkhar  10.500   6/26/2020  EUR   41.320
HSBC Trinkaus & Burkhar   5.200   6/26/2020  EUR   48.540
HSBC Trinkaus & Burkhar   9.700   2/28/2020  EUR   40.030
Raiffeisen Schweiz Geno   9.500   4/22/2020  CHF   71.760
UniCredit Bank AG        14.000  12/29/2020  EUR   38.890
UniCredit Bank AG        12.800  12/29/2020  EUR   39.620
UniCredit Bank AG         7.800  12/29/2020  EUR   46.440
UniCredit Bank AG         9.200  12/29/2020  EUR   44.040
UBS AG/London            10.000   4/24/2020  USD   63.710
UBS AG/London             9.000   4/24/2020  EUR   59.250
UBS AG/London             7.000  10/26/2020  CHF   70.700
UBS AG/London            10.000   4/17/2020  EUR   70.050
UniCredit Bank AG         4.350  10/26/2021  EUR   42.890
UBS AG/London            12.000  10/26/2020  CHF   70.750
DekaBank Deutsche Giroz   5.150   5/21/2021  EUR   70.540
Raiffeisen Schweiz Geno   7.000   4/30/2020  EUR   66.260
Leonteq Securities AG/G   7.000  10/29/2020  CHF   69.670
HSBC Trinkaus & Burkhar   8.100   1/24/2020  EUR   39.300
HSBC Trinkaus & Burkhar   5.800   3/27/2020  EUR   70.620
HSBC Trinkaus & Burkhar   5.900   1/24/2020  EUR   69.890
UniCredit Bank AG         6.000   2/22/2022  EUR   73.290
Vontobel Financial Prod  10.500   3/27/2020  EUR   68.380
Vontobel Financial Prod  11.000   3/27/2020  EUR   48.100
Vontobel Financial Prod   9.500   3/27/2020  EUR   50.170
Vontobel Financial Prod  10.500   3/27/2020  EUR   69.590
Vontobel Financial Prod  11.500   3/27/2020  EUR   67.950
UniCredit Bank AG         3.750   8/23/2021  EUR   71.080
Landesbank Hessen-Thuer   6.000   12/1/2022  EUR   63.280
Landesbank Hessen-Thuer   3.100   8/13/2020  EUR   63.200
Vontobel Financial Prod  25.000   6/26/2020  EUR   65.020
Vontobel Financial Prod  22.000   9/25/2020  EUR   67.030
Vontobel Financial Prod  23.000   9/25/2020  EUR   66.140
Vontobel Financial Prod  24.500   9/25/2020  EUR   65.730
DekaBank Deutsche Giroz   2.800   1/24/2020  EUR   63.660
Araratbank OJSC           5.500   9/19/2023  USD   24.570
Vontobel Financial Prod  18.500   9/25/2020  EUR   69.860
Leonteq Securities AG     8.000   1/27/2020  EUR   73.580
Vontobel Financial Prod  21.000   9/25/2020  EUR   67.980
Vontobel Financial Prod  19.500   9/25/2020  EUR   68.680
Landesbank Hessen-Thuer   6.600   2/17/2023  EUR   58.800
Leonteq Securities AG/G   4.750   11/1/2021  CHF   43.390
UBS AG/London             8.250    2/7/2020  EUR   53.850
UBS AG/London             8.000    2/7/2020  CHF   46.400
Landesbank Hessen-Thuer   9.500   5/15/2020  EUR   33.980
Barclays Bank PLC         3.500   8/17/2020  USD
Societe Generale Effekt   8.778   3/20/2020  EUR   70.300
Landesbank Baden-Wuertt   4.000   4/24/2020  EUR   35.770
Landesbank Baden-Wuertt   5.000   4/24/2020  EUR   71.690
DekaBank Deutsche Giroz   2.750   4/17/2020  EUR   69.780
DekaBank Deutsche Giroz   2.200   4/16/2021  EUR   60.550
UBS AG/London             6.500   3/30/2020  CHF   71.100
HSBC Trinkaus & Burkhar   7.000   6/26/2020  EUR   70.000
Leonteq Securities AG/G   5.000    5/5/2020  EUR   39.350
HSBC Trinkaus & Burkhar   6.500   6/26/2020  EUR   71.030
HSBC Trinkaus & Burkhar   5.700   6/26/2020  EUR   69.390
Vontobel Financial Prod  14.500   3/13/2020  EUR   66.810
HSBC Trinkaus & Burkhar   5.200   6/26/2020  EUR   72.920
HSBC Trinkaus & Burkhar   8.200   6/26/2020  EUR   72.070
Vontobel Financial Prod  13.000   3/13/2020  EUR   63.180
HSBC Trinkaus & Burkhar   7.600   6/26/2020  EUR   71.540
HSBC Trinkaus & Burkhar   6.200   6/26/2020  EUR   70.520
Credit Suisse AG/London   7.000   1/16/2020  CHF   73.890
UBS AG/London            11.000   4/17/2020  CHF   38.950
DekaBank Deutsche Giroz   2.550  11/13/2020  EUR   70.750
Landesbank Baden-Wuertt   7.000   8/28/2020  EUR   66.390
Landesbank Baden-Wuertt   4.000   8/28/2020  EUR   67.840
Landesbank Baden-Wuertt   3.500   8/28/2020  EUR   60.910
Landesbank Baden-Wuertt   6.000   8/28/2020  EUR   71.490
Landesbank Baden-Wuertt   4.000   8/28/2020  EUR   60.180
UBS AG/London            10.500   8/31/2020  EUR   64.150
UBS AG/London            10.000    3/2/2020  EUR   56.950
UniCredit Bank AG         3.800   8/30/2023  EUR   66.790
Raiffeisen Schweiz Geno   7.100   3/10/2020  CHF   66.960
Landesbank Hessen-Thuer   5.200    1/8/2024  EUR   70.480
Leonteq Securities AG/G   7.400    3/3/2020  CHF   74.650
Leonteq Securities AG/G   9.000    3/3/2020  CHF   71.010
Leonteq Securities AG/G   9.000    6/4/2020  USD   70.480
Societe Generale SA       8.000   12/2/2020  USD   54.340
DekaBank Deutsche Giroz   3.800  12/18/2020  EUR   54.400
UBS AG/London             5.250    6/1/2020  USD   65.750
DekaBank Deutsche Giroz   5.150    7/3/2020  EUR   69.740
DekaBank Deutsche Giroz   6.300    7/3/2020  EUR   52.560
Leonteq Securities AG/G  10.600   12/8/2020  EUR   59.780
Landesbank Hessen-Thuer   3.500    1/5/2022  EUR   58.970
Societe Generale SA       8.000   12/3/2020  USD   58.800
Leonteq Securities AG/G   9.800   6/12/2020  CHF   49.160
Zurcher Kantonalbank Fi   5.000  12/14/2020  EUR   73.200
Raiffeisen Schweiz Geno   5.750   5/18/2020  CHF   58.670
DekaBank Deutsche Giroz   4.050    7/3/2020  EUR   71.210
EFG International Finan   7.400  12/21/2020  USD   73.210
DekaBank Deutsche Giroz   2.100    1/4/2021  EUR   64.620
Landesbank Hessen-Thuer   3.500   9/28/2022  EUR   65.180
Raiffeisen Centrobank A   6.620   3/24/2020  EUR   57.420
Raiffeisen Centrobank A   6.935   3/24/2020  EUR   69.380
Landesbank Baden-Wuertt   2.500   8/28/2020  EUR   71.740
Landesbank Baden-Wuertt   4.000   8/28/2020  EUR   66.320
Landesbank Baden-Wuertt   5.000   8/28/2020  EUR   33.720
Landesbank Baden-Wuertt   2.500   8/28/2020  EUR   65.860
Landesbank Hessen-Thuer   5.650  10/28/2022  EUR   39.570
Landesbank Baden-Wuertt   3.000   8/28/2020  EUR   70.290
Landesbank Hessen-Thuer   4.650   9/28/2023  EUR   62.680
DekaBank Deutsche Giroz   7.250    4/1/2021  EUR   66.640
UBS AG/London             6.250    3/2/2020  CHF   63.850
UBS AG/London            10.000   8/31/2020  CHF   64.600
UBS AG/London             9.000   8/31/2020  CHF   66.650
Raiffeisen Schweiz Geno   7.200   3/10/2020  CHF   66.980
BNP Paribas Emissions-   15.000   6/25/2020  EUR   71.180
UBS AG/London            12.000   6/12/2020  USD   53.960
Landesbank Baden-Wuertt   5.000   1/24/2020  EUR   52.240
Vontobel Financial Prod  20.000   3/27/2020  EUR   66.920
Vontobel Financial Prod  20.000   9/25/2020  EUR   56.620
HSBC Trinkaus & Burkhar   9.800   1/24/2020  EUR   44.230
Landesbank Baden-Wuertt   3.000   1/24/2020  EUR   57.930
Landesbank Baden-Wuertt   7.000   1/24/2020  EUR   48.130
Leonteq Securities AG/G   6.000    6/8/2020  CHF   64.310
UniCredit Bank AG         5.750    7/4/2020  EUR   52.850
BNP Paribas Issuance BV  12.600   2/17/2020  CHF   68.200
Credit Suisse AG/London   6.600   5/22/2020  CHF   61.870
HSBC Trinkaus & Burkhar  11.500   3/27/2020  EUR   42.400
HSBC Trinkaus & Burkhar  10.300   3/27/2020  EUR   43.730
HSBC Trinkaus & Burkhar   6.900   3/27/2020  EUR   48.590
HSBC Trinkaus & Burkhar   5.000   3/27/2020  EUR   52.810
Vontobel Financial Prod   5.750  11/27/2020  EUR   73.850
COFIDUR SA                0.100  12/31/2024  EUR   24.500
HSBC Trinkaus & Burkhar   3.300   6/26/2020  EUR   55.850
HSBC Trinkaus & Burkhar   4.400   9/25/2020  EUR   52.610
HSBC Trinkaus & Burkhar   3.400   1/24/2020  EUR   52.670
HSBC Trinkaus & Burkhar   6.300   2/28/2020  EUR   46.240
HSBC Trinkaus & Burkhar  12.300   6/26/2020  EUR   40.910
HSBC Trinkaus & Burkhar  10.400   6/26/2020  EUR   42.610
BNP Paribas Emissions-   13.000   3/26/2020  EUR   65.310
Raiffeisen Schweiz Geno   7.100   6/15/2020  CHF   57.080
Deutsche Bank AG          8.200   6/23/2020  EUR   71.500
Deutsche Bank AG          8.200   3/24/2020  EUR   70.800
Goldman Sachs & Co Wert  24.000   2/26/2020  EUR   72.330
Goldman Sachs & Co Wert  24.000   2/26/2020  EUR   69.830
Landesbank Baden-Wuertt   5.000   9/25/2020  EUR   69.920
Landesbank Baden-Wuertt   7.000   9/25/2020  EUR   66.660
Vontobel Financial Prod   9.250    4/3/2020  EUR   71.530
UBS AG/London             8.400   3/26/2020  EUR   69.410
UBS AG/London             8.300   3/26/2020  EUR   70.690
UBS AG/London            13.000   3/26/2020  EUR   66.770
Commerzbank AG           12.750   3/27/2020  EUR   70.840
HSBC Trinkaus & Burkhar   9.500   7/24/2020  EUR   55.320
HSBC Trinkaus & Burkhar  12.600   3/27/2020  EUR   70.380
HSBC Trinkaus & Burkhar   5.800   3/27/2020  EUR   61.720
HSBC Trinkaus & Burkhar   6.100   6/26/2020  EUR   61.460
HSBC Trinkaus & Burkhar  11.300   9/25/2020  EUR   53.340
Landesbank Hessen-Thuer   4.750   5/11/2023  EUR   59.200
Leonteq Securities AG    16.200    6/4/2020  EUR   70.990
DekaBank Deutsche Giroz   4.300    1/4/2021  EUR   56.260
UBS AG/London            12.000   5/14/2020  EUR   71.450
Vontobel Financial Prod  20.000   9/25/2020  EUR   54.560
Credit Suisse AG/London   9.750   2/18/2020  USD   70.700
UBS AG/London             9.000   5/14/2020  CHF   70.500
Vontobel Financial Prod  22.000   9/25/2020  EUR   66.210
Vontobel Financial Prod  20.000   9/25/2020  EUR   65.240
UBS AG/London             8.000   2/21/2020  EUR   65.350
Credit Suisse AG/London   8.750   5/21/2020  USD   61.940
HSBC Trinkaus & Burkhar   5.000   2/10/2020  EUR   52.820
Landesbank Hessen-Thuer   2.200  11/24/2020  EUR   60.090
Landesbank Baden-Wuertt   5.000   3/27/2020  EUR   73.910
Landesbank Baden-Wuertt   5.200   3/27/2020  EUR   55.300
Raiffeisen Schweiz Geno   6.000   2/10/2020  CHF   53.940
Landesbank Hessen-Thuer   6.450   2/24/2023  EUR   67.400
Leonteq Securities AG/G   6.400   11/3/2021  CHF   71.820
Leonteq Securities AG/G   6.400   11/3/2020  EUR   55.180
Vontobel Financial Prod   4.200    2/3/2020  EUR   55.610
Landesbank Hessen-Thuer   3.000    6/4/2021  EUR   72.200
Bayerische Landesbank     3.300   9/11/2020  EUR   70.110
DekaBank Deutsche Giroz   6.000   5/29/2020  EUR   54.700
DekaBank Deutsche Giroz   3.450   7/31/2020  EUR   55.990
UBS AG/London             3.800   3/26/2020  EUR   58.160
Leonteq Securities AG/G  10.600   2/17/2020  CHF   54.080
Commerzbank AG            8.000   11/6/2020  USD    4.820
Leonteq Securities AG     5.000   2/17/2021  CHF   58.400
EFG International Finan   7.000  11/16/2020  EUR   63.700
UBS AG/London            10.000   8/10/2020  USD   64.560
UBS AG/London             6.500    2/8/2021  EUR   66.100
Raiffeisen Schweiz Geno   6.000   2/17/2020  CHF   55.460
UniCredit Bank AG         4.200   12/8/2021  EUR   64.920
Credit Suisse AG/London   9.500   2/24/2020  USD   74.200
DekaBank Deutsche Giroz   5.000   2/28/2020  EUR   53.290
Leonteq Securities AG/G   6.200   2/10/2021  CHF   66.980
UBS AG/London             9.500    2/3/2020  CHF   55.200
UBS AG/London             7.000    2/3/2020  CHF   75.050
UBS AG/London             5.750    2/3/2020  CHF   57.450
UBS AG/London            10.000    8/3/2020  CHF   62.000
UBS AG/London             6.000    8/3/2020  CHF   29.460
UBS AG/London             9.000    8/3/2020  EUR   75.600
Landesbank Baden-Wuertt   4.750   3/27/2020  EUR   67.540
Commerzbank AG            1.000   11/2/2020  USD   13.920
Landesbank Hessen-Thuer   4.000    6/4/2021  EUR   51.700
Raiffeisen Centrobank A   5.333    3/5/2020  EUR   73.020
DekaBank Deutsche Giroz   4.700   5/29/2020  EUR   69.680
Leonteq Securities AG/G   5.000   8/17/2020  CHF   64.760
UBS AG/London             6.000   2/10/2020  EUR   59.300
UBS AG/London             6.500   8/10/2020  CHF   64.300
UBS AG/London            10.000   8/10/2020  CHF   61.650
Zurcher Kantonalbank Fi   6.250   2/13/2020  EUR   64.380
DZ Bank AG Deutsche Zen  16.000   2/26/2020  EUR   64.550
DZ Bank AG Deutsche Zen   4.750   6/24/2020  EUR   69.360
Vontobel Financial Prod  30.000   3/27/2020  EUR   60.410
Vontobel Financial Prod  27.000   6/26/2020  EUR   62.580
HSBC Trinkaus & Burkhar   5.100   6/26/2020  EUR   50.600
HSBC Trinkaus & Burkhar   6.500   9/25/2020  EUR   48.020
HSBC Trinkaus & Burkhar   6.300   1/24/2020  EUR   45.970
HSBC Trinkaus & Burkhar   9.500   2/28/2020  EUR   41.480
HSBC Trinkaus & Burkhar   3.600   2/28/2020  EUR   52.630
HSBC Trinkaus & Burkhar   7.600   6/26/2020  EUR   45.930
UniCredit Bank AG         6.200   6/26/2020  EUR   71.880
UniCredit Bank AG         8.000   6/26/2020  EUR   69.660
UniCredit Bank AG        14.700   6/26/2020  EUR   64.890
Vontobel Financial Prod  17.000   9/25/2020  EUR   71.320
UniCredit Bank AG        10.100   6/25/2021  EUR   69.960
UniCredit Bank AG         9.000   6/25/2021  EUR   70.490
UniCredit Bank AG         7.000   6/25/2021  EUR   72.270
UniCredit Bank AG         8.000   6/25/2021  EUR   71.300
UniCredit Bank AG         7.000  12/24/2021  EUR   72.720
UniCredit Bank AG         8.600  12/24/2021  EUR   71.590
UniCredit Bank AG         8.400   3/27/2020  EUR   71.430
UniCredit Bank AG        13.600   3/27/2020  EUR   66.290
UniCredit Bank AG        10.800   3/27/2020  EUR   68.670
UniCredit Bank AG         7.700  12/24/2021  EUR   71.900
UniCredit Bank AG        10.100   6/25/2021  EUR   73.380
UniCredit Bank AG        19.300   3/27/2020  EUR   65.750
DZ Bank AG Deutsche Zen   5.750   9/23/2020  EUR   67.710
Vontobel Financial Prod  10.000   6/12/2020  EUR   72.120
UniCredit Bank AG        10.500   6/26/2020  EUR   72.710
UniCredit Bank AG        13.300   6/26/2020  EUR   70.170
UniCredit Bank AG        16.200   6/26/2020  EUR   68.080
UniCredit Bank AG        10.200  12/28/2020  EUR   73.180
Landesbank Baden-Wuertt   6.000  10/23/2020  EUR   77.670
Landesbank Baden-Wuertt   7.000  10/23/2020  EUR   74.040
UBS AG/London             9.000  10/19/2020  USD   62.600
UBS AG/London             6.000   4/16/2020  CHF   72.500
Raiffeisen Switzerland    5.600   11/2/2020  CHF   73.110
Vontobel Financial Prod  11.500   3/27/2020  EUR   71.500
Vontobel Financial Prod  10.500   6/26/2020  EUR   72.700
Vontobel Financial Prod  12.000   6/26/2020  EUR   71.440
Vontobel Financial Prod  17.000   6/26/2020  EUR   70.550
Landesbank Baden-Wuertt   2.500  10/23/2020  EUR   49.550
Landesbank Baden-Wuertt   5.000  10/23/2020  EUR   43.380
Societe Generale Effekt  15.867   6/19/2020  EUR   73.340
EFG International Finan   7.200  11/30/2020  EUR   67.150
Raiffeisen Switzerland    4.800  11/23/2023  CHF   61.050
UniCredit Bank AG         4.300  12/19/2021  EUR   60.260
UniCredit Bank AG         5.900  12/19/2020  EUR   53.800
EFG International Finan   7.000   5/23/2022  EUR   69.270
Raiffeisen Schweiz Geno   6.500   5/18/2020  CHF   20.000
Raiffeisen Schweiz Geno   5.300  11/23/2020  CHF   59.820
Bank Julius Baer & Co L   6.000   5/11/2020  CHF   71.150
Landesbank Hessen-Thuer   4.000   6/22/2022  EUR   62.780
Leonteq Securities AG/G   5.500   5/25/2021  CHF   62.520
Leonteq Securities AG     7.800   5/14/2021  CHF   28.680
DekaBank Deutsche Giroz   3.500   8/14/2020  EUR   72.360
UniCredit Bank AG         8.300  12/29/2020  EUR   73.560
UniCredit Bank AG         7.700  12/29/2020  EUR   72.310
UniCredit Bank AG         8.100  12/29/2020  EUR   59.680
UniCredit Bank AG         6.200  12/29/2020  EUR   65.520
UniCredit Bank AG         8.800  12/29/2020  EUR   70.550
UniCredit Bank AG         8.500  12/29/2020  EUR   57.290
UniCredit Bank AG         6.100  12/29/2020  EUR   54.010
UniCredit Bank AG         9.800  12/29/2020  EUR   54.740
UniCredit Bank AG         7.200  12/29/2020  EUR   71.830
UniCredit Bank AG         6.800  12/29/2020  EUR   52.720
UniCredit Bank AG         9.400  12/29/2020  EUR   65.820
UniCredit Bank AG         7.900  12/29/2020  EUR   72.990
UniCredit Bank AG         6.300  12/29/2020  EUR   63.280
UniCredit Bank AG         7.300  12/29/2020  EUR   60.540
UniCredit Bank AG         9.800  12/29/2020  EUR   65.100
UniCredit Bank AG         8.700  12/29/2020  EUR   73.050
UniCredit Bank AG         9.300  12/29/2020  EUR   64.620
UniCredit Bank AG         8.700  12/29/2020  EUR   66.110
UniCredit Bank AG         8.100  12/29/2020  EUR   68.880
UniCredit Bank AG         7.600  12/29/2020  EUR   43.290
UniCredit Bank AG         6.700  12/29/2020  EUR   44.770
UniCredit Bank AG         6.600  12/29/2020  EUR   59.240
UniCredit Bank AG         6.900  12/29/2020  EUR   68.650
UniCredit Bank AG        11.800  12/29/2020  EUR   56.570
UniCredit Bank AG         8.800  12/29/2020  EUR   60.430
UniCredit Bank AG         9.500  12/29/2020  EUR   59.050
UniCredit Bank AG        11.000  12/29/2020  EUR   71.140
UniCredit Bank AG         8.400  12/29/2020  EUR   56.420
UniCredit Bank AG        11.500  12/29/2020  EUR   70.030
UniCredit Bank AG         8.100  12/29/2020  EUR   61.930
UniCredit Bank AG         9.200  12/29/2020  EUR   59.850
UniCredit Bank AG        10.000  12/29/2020  EUR   47.450
UniCredit Bank AG         9.300  12/29/2020  EUR   48.100
UniCredit Bank AG         8.100  12/29/2020  EUR   60.710
UniCredit Bank AG         6.600  12/29/2020  EUR   63.740
UniCredit Bank AG         8.400  12/29/2020  EUR   25.550
UniCredit Bank AG         8.900  12/29/2020  EUR   25.470
UniCredit Bank AG         7.300  12/29/2020  EUR   60.870
UniCredit Bank AG        10.500  12/29/2020  EUR   72.590
UniCredit Bank AG         6.600  12/29/2020  EUR   62.140
UniCredit Bank AG         6.600  12/29/2020  EUR   56.800
UniCredit Bank AG         8.300  12/29/2020  EUR   53.350
UniCredit Bank AG         9.300  12/29/2020  EUR   51.010
UniCredit Bank AG        10.500  12/29/2020  EUR   46.680
UniCredit Bank AG         7.000  12/29/2020  EUR   48.750
UniCredit Bank AG         8.400  12/29/2020  EUR   52.420
UniCredit Bank AG         7.600  12/29/2020  EUR   47.050
UniCredit Bank AG         9.200  12/29/2020  EUR   48.380
UniCredit Bank AG         8.000  12/29/2020  EUR   47.420
UniCredit Bank AG         8.500  12/29/2020  EUR   56.790
UniCredit Bank AG         6.400  12/29/2020  EUR   59.700
UniCredit Bank AG         7.500  12/29/2020  EUR   70.430
UniCredit Bank AG        12.000  12/29/2020  EUR   30.330
UniCredit Bank AG         9.400  12/29/2020  EUR   72.220
UniCredit Bank AG         8.300  12/29/2020  EUR   68.560
UniCredit Bank AG        13.900  12/29/2020  EUR   29.140
UniCredit Bank AG         7.800  12/29/2020  EUR   72.930
UniCredit Bank AG         8.700  12/29/2020  EUR   45.100
UniCredit Bank AG        10.600  12/29/2020  EUR   73.560
UniCredit Bank AG         8.400  12/29/2020  EUR   55.370
UniCredit Bank AG        10.800  12/29/2020  EUR   66.780
UniCredit Bank AG         8.000  12/29/2020  EUR   70.970
UniCredit Bank AG         8.100  12/29/2020  EUR   59.660
UniCredit Bank AG         9.200  12/29/2020  EUR   55.670
UniCredit Bank AG         8.900  12/29/2020  EUR   58.170
Vontobel Financial Prod   9.000    6/5/2020  EUR   46.620
UniCredit Bank AG         4.000    6/7/2022  EUR   59.980
Leonteq Securities AG/G   5.600   5/25/2021  CHF   60.500
Landesbank Baden-Wuertt   4.650   3/27/2020  EUR   62.790
UniCredit Bank AG         4.000   6/11/2020  EUR   64.050
UBS AG/London             7.000    5/4/2020  CHF   74.150
Raiffeisen Schweiz Geno   4.600   5/25/2020  CHF   57.840
UBS AG/London            10.000   5/18/2020  CHF   45.750
Leonteq Securities AG/G   4.200    6/1/2021  CHF   36.970
UniCredit Bank AG         4.450  12/29/2022  EUR   63.830
UniCredit Bank AG         4.700  12/19/2021  EUR   61.530
UniCredit Bank AG         3.800  12/29/2022  EUR   58.370
Leonteq Securities AG/G   7.200   12/8/2020  USD   71.970
HSBC Trinkaus & Burkhar  10.800   3/27/2020  EUR   67.600
HSBC Trinkaus & Burkhar  11.300   3/27/2020  EUR   37.060
HSBC Trinkaus & Burkhar  13.000   6/26/2020  EUR   37.970
Natixis SA                2.750    3/1/2021  USD   72.124
DekaBank Deutsche Giroz   4.250   4/14/2022  EUR   68.660
EFG International Finan   7.400   3/29/2021  EUR   59.680
Leonteq Securities AG/G   6.800   3/16/2020  CHF   72.080
UniCredit Bank AG         3.250   3/29/2022  EUR   26.200
UniCredit Bank AG        12.300   6/26/2020  EUR   73.840
Raiffeisen Schweiz Geno   5.750   2/25/2021  CHF   68.860
Vontobel Financial Prod  17.000   3/27/2020  EUR   71.140
HSBC Trinkaus & Burkhar   6.900   3/27/2020  EUR   74.020
BNP Paribas Emissions-    9.000   6/25/2020  EUR   72.250
Commerzbank AG            2.450    3/9/2020  EUR   59.230
HSBC Trinkaus & Burkhar   9.300   6/26/2020  EUR   70.630
HSBC Trinkaus & Burkhar   8.200   2/28/2020  EUR   72.780
HSBC Trinkaus & Burkhar  13.500   3/27/2020  EUR   35.390
HSBC Trinkaus & Burkhar  11.200   6/26/2020  EUR   39.240
BNP Paribas Emissions-   15.000   3/26/2020  EUR   69.870
BNP Paribas Emissions-    9.000   3/26/2020  EUR   70.650
BNP Paribas Emissions-    9.000   3/26/2020  EUR   71.120
BNP Paribas Emissions-   15.000   3/26/2020  EUR   61.540
UniCredit Bank AG         6.100   8/12/2020  EUR   56.450
Societe Generale Effekt   7.315   3/20/2020  EUR   36.020
Raiffeisen Schweiz Geno   6.900   2/19/2020  EUR   71.220
Landesbank Baden-Wuertt   4.500   5/22/2020  EUR   76.230
Landesbank Baden-Wuertt   3.500   4/24/2020  EUR   72.750
Landesbank Baden-Wuertt   5.000   4/24/2020  EUR   68.010
Landesbank Baden-Wuertt   6.000   4/24/2020  EUR   64.050
DekaBank Deutsche Giroz   2.700   4/17/2020  EUR   59.180
Landesbank Baden-Wuertt   5.200   1/24/2020  EUR   62.880
Landesbank Baden-Wuertt   5.600   1/24/2020  EUR   45.710
HSBC Trinkaus & Burkhar   8.800   9/25/2020  EUR   73.870
DekaBank Deutsche Giroz   2.050    5/3/2021  EUR   52.870
HSBC Trinkaus & Burkhar   8.500   3/27/2020  EUR   56.220
Landesbank Baden-Wuertt   4.400   1/24/2020  EUR   67.870
Landesbank Baden-Wuertt   4.100   1/24/2020  EUR   77.420
Landesbank Baden-Wuertt   4.100   1/24/2020  EUR   62.330
UniCredit Bank AG         3.750   10/2/2020  EUR   28.330
UBS AG/London             6.250    2/7/2020  CHF   39.750
UBS AG/London             6.500    2/7/2020  CHF   62.950
EFG International Finan   7.200   2/22/2021  CHF   27.300
Landesbank Baden-Wuertt   3.000   4/24/2020  EUR   57.520
Landesbank Baden-Wuertt   4.000   4/24/2020  EUR   70.180
Landesbank Baden-Wuertt   2.500   4/24/2020  EUR   39.160
Landesbank Baden-Wuertt   5.000   4/24/2020  EUR   67.550
Landesbank Baden-Wuertt   9.000   4/24/2020  EUR   72.650
Landesbank Baden-Wuertt   6.000   5/22/2020  EUR   71.690
Landesbank Baden-Wuertt   5.500   4/24/2020  EUR   64.980
Leonteq Securities AG/G   2.300    2/8/2023  CHF   58.490
HSBC Trinkaus & Burkhar   9.400   2/28/2020  EUR   44.800
HSBC Trinkaus & Burkhar   9.200   3/27/2020  EUR   69.210
DZ Bank AG Deutsche Zen   6.250   3/25/2020  EUR   67.380
Leonteq Securities AG/G   7.000    2/5/2020  CHF   17.830
Landesbank Hessen-Thuer   8.000   5/15/2020  EUR   53.800
Landesbank Hessen-Thuer   8.400    5/8/2020  EUR   37.370
Vontobel Financial Prod  18.500   6/26/2020  EUR   69.850
Raiffeisen Schweiz Geno   7.200   2/19/2020  CHF   73.110
Landesbank Baden-Wuertt   4.000   4/24/2020  EUR   68.620
Landesbank Baden-Wuertt   6.500   4/24/2020  EUR   75.670
Natixis SA                4.975   3/23/2020  USD   46.225
Raiffeisen Schweiz Geno   6.500   10/9/2020  CHF   54.870
HSBC Trinkaus & Burkhar  10.200   9/25/2020  EUR   54.570
HSBC Trinkaus & Burkhar   8.100   9/25/2020  EUR   57.630
HSBC Trinkaus & Burkhar   6.100   9/25/2020  EUR   61.530
Corner Banca SA           8.600   6/16/2020  CHF   70.680
DekaBank Deutsche Giroz   3.000   6/21/2021  EUR   37.780
UBS AG/London             6.500   2/24/2020  CHF   51.550
UBS AG/London            11.000   8/24/2020  CHF   62.500
UBS AG/London            10.000   6/19/2020  EUR   68.600
HSBC Trinkaus & Burkhar   5.600  12/28/2020  EUR   45.590
Vontobel Financial Prod  24.550   3/27/2020  EUR   63.260
HSBC Trinkaus & Burkhar   8.800   9/25/2020  EUR   44.810
HSBC Trinkaus & Burkhar   2.900   9/25/2020  EUR   57.410
HSBC Trinkaus & Burkhar   2.600   3/27/2020  EUR   56.350
BNP Paribas Emissions-   10.000   3/26/2020  EUR   70.860
Landesbank Hessen-Thuer   4.000   1/13/2021  EUR   47.900
UBS AG/London             6.000   2/24/2020  CHF   64.250
UBS AG/London            10.000   8/24/2020  CHF   64.200
UBS AG/London            11.000   8/24/2020  CHF   65.150
Citigroup Global Market   7.000   6/16/2022  SEK   68.640
Raiffeisen Schweiz Geno   7.200   2/24/2020  CHF   64.270
Leonteq Securities AG/G  10.000   8/31/2020  EUR   69.870
UniCredit Bank AG         3.600   7/18/2021  EUR   55.530
Raiffeisen Centrobank A   5.359   3/24/2020  EUR   70.030
Bayerische Landesbank     3.400   10/2/2020  EUR   71.630
Landesbank Baden-Wuertt   4.000   8/28/2020  EUR   72.940
Landesbank Baden-Wuertt   2.500   8/28/2020  EUR   73.180
Landesbank Baden-Wuertt   4.000   8/28/2020  EUR   66.430
Landesbank Baden-Wuertt   3.000   8/28/2020  EUR   37.940
Landesbank Baden-Wuertt   4.500   8/28/2020  EUR   59.120
Landesbank Baden-Wuertt   6.500   8/28/2020  EUR   71.000
Landesbank Baden-Wuertt   2.500   8/28/2020  EUR   66.950
Landesbank Baden-Wuertt   5.000   8/28/2020  EUR   63.860
Credit Suisse AG/London   4.360   2/28/2020  EUR   74.230
DekaBank Deutsche Giroz   7.700   3/26/2021  EUR   68.670
Raiffeisen Schweiz Geno   7.300    3/5/2020  CHF   64.270
UniCredit Bank AG         4.750   9/18/2020  EUR   61.070
Raiffeisen Centrobank A   9.755   3/24/2020  EUR   70.910
Credit Suisse AG/London   5.000   6/23/2020  EUR   46.190
Raiffeisen Centrobank A   8.511   3/24/2020  EUR   58.250
Banque Cantonale Vaudoi   6.300    9/7/2020  CHF   69.020
Landesbank Hessen-Thuer   4.000   9/14/2022  EUR   68.250
DZ Bank AG Deutsche Zen  11.500   2/26/2020  EUR   48.950
DZ Bank AG Deutsche Zen   6.500   2/26/2020  EUR   65.490
Bank Julius Baer & Co L   6.900   1/22/2020  CHF   70.800
Landesbank Baden-Wuertt   4.000   1/24/2020  EUR   47.460
Landesbank Baden-Wuertt   6.500   1/24/2020  EUR   43.510
Landesbank Baden-Wuertt   6.000   1/24/2020  EUR   73.610
Leonteq Securities AG/G   6.400    6/4/2020  CHF   19.160
Vontobel Financial Prod   4.500  12/30/2020  EUR   72.460
UniCredit Bank AG         3.700   9/14/2022  EUR   61.580
Societe Generale Effekt  15.533   6/19/2020  EUR   62.810
SG Issuer SA              3.000    9/2/2021  EUR   62.440
UBS AG/London             9.000   8/24/2020  EUR   72.550
UBS AG/London             9.000   8/24/2020  CHF   68.750
UBS AG/London             7.500   8/24/2020  CHF   62.050
UBS AG/London            12.000   2/24/2020  USD   38.450
Landesbank Baden-Wuertt   3.200   7/24/2020  EUR   63.060
Raiffeisen Schweiz Geno   6.000    3/5/2020  CHF   63.930
Leonteq Securities AG/G   6.000   6/23/2020  CHF   60.610
UniCredit Bank AG         4.250   3/29/2021  EUR   60.220
UniCredit Bank AG         3.630   3/12/2020  EUR   54.580
UBS AG/London            12.000    3/9/2020  CHF   36.550
UBS AG/London            11.250    3/9/2020  EUR   57.250
Leonteq Securities AG/G  10.000   3/16/2020  USD   60.240
Bank Julius Baer & Co L   9.650   1/17/2020  USD   51.550
Vontobel Financial Prod  14.000   3/27/2020  EUR   71.550
Vontobel Financial Prod  10.500   3/27/2020  EUR   68.380
HSBC Trinkaus & Burkhar  10.200   6/26/2020  EUR   69.160
HSBC Trinkaus & Burkhar   9.500   2/28/2020  EUR   38.620
DekaBank Deutsche Giroz   2.800   6/19/2020  EUR   52.950
Leonteq Securities AG/G   5.200   6/12/2020  CHF   60.760
UniCredit Bank AG         5.000   9/14/2021  EUR   70.250
Landesbank Hessen-Thuer   4.000    7/7/2021  EUR   72.560
UBS AG/London            11.500    3/9/2020  CHF   57.800
Vontobel Financial Prod  14.500   3/27/2020  EUR   68.610
BNP Paribas Emissions-   14.000   3/26/2020  EUR   68.140
BNP Paribas Emissions-   12.000   3/26/2020  EUR   69.080
UBS AG/London             8.500    3/9/2020  USD   53.900
EFG International Finan   8.000  11/23/2020  EUR   53.360
EFG International Finan   7.800  11/24/2020  USD   72.190
UBS AG/London             9.500   8/17/2020  CHF   59.400
UBS AG/London             8.000   8/17/2020  EUR   62.500
UBS AG/London             8.000   8/17/2020  CHF   67.500
DekaBank Deutsche Giroz   3.000   9/11/2020  EUR   64.310
EFG International Finan   7.000  11/23/2020  CHF   73.980
Landesbank Hessen-Thuer   5.400  11/24/2022  EUR   73.800
UBS AG/London             8.750   8/17/2020  CHF   36.150
UBS AG/London            10.000   8/17/2020  CHF   67.200
Leonteq Securities AG/G   7.200   9/28/2020  EUR   66.910
Raiffeisen Schweiz Geno   3.400   3/21/2025  CHF   60.390
DekaBank Deutsche Giroz   2.050   2/14/2020  EUR   55.780
Landesbank Hessen-Thuer   6.400   8/18/2020  EUR   57.180
HSBC Trinkaus & Burkhar   5.100   3/27/2020  EUR   70.390
DekaBank Deutsche Giroz   8.100   4/23/2021  EUR   72.440
Landesbank Baden-Wuertt   2.600  11/27/2020  EUR   54.150
UniCredit Bank AG         3.600    3/5/2020  EUR   66.650
Natixis SA                1.500   10/4/2021  EUR   69.860
UBS AG/London            12.000   3/26/2020  EUR   37.750
HSBC Trinkaus & Burkhar   9.500   3/27/2020  EUR   71.730
HSBC Trinkaus & Burkhar   5.400   3/27/2020  EUR   72.500
Raiffeisen Schweiz Geno   3.200  12/18/2026  CHF   69.010
Leonteq Securities AG/G  20.000   6/24/2020  USD   58.960
Raiffeisen Schweiz Geno  10.000  12/31/2024  CHF   74.340
Landesbank Hessen-Thuer   3.500    3/9/2022  EUR   69.900
UBS AG/London            11.000   9/28/2020  EUR   73.950
UBS AG/London            10.000   9/28/2020  EUR   62.800
Raiffeisen Schweiz Geno   5.250    2/9/2021  CHF   47.120
Vontobel Financial Prod   6.100   1/30/2020  EUR   71.680
Raiffeisen Schweiz Geno   6.200    1/6/2020  CHF   54.660
Raiffeisen Schweiz Geno   5.200    1/6/2021  CHF   61.110
Landesbank Hessen-Thuer   5.750    8/3/2023  EUR   70.560
Leonteq Securities AG/G  10.000   1/13/2020  CHF   59.440
DekaBank Deutsche Giroz   3.000   7/31/2020  EUR   57.130
Landesbank Baden-Wuertt   2.000   7/24/2020  EUR   64.390
Landesbank Baden-Wuertt   3.500   7/24/2020  EUR   57.830
Landesbank Baden-Wuertt   5.000   7/24/2020  EUR   54.120
Landesbank Baden-Wuertt   6.500   7/24/2020  EUR   73.330
Landesbank Baden-Wuertt   2.000   7/24/2020  EUR   67.180
Landesbank Baden-Wuertt   3.000   7/24/2020  EUR   62.630
Landesbank Baden-Wuertt   4.000   7/24/2020  EUR   59.710
Landesbank Baden-Wuertt   2.000   7/24/2020  EUR   72.130
Landesbank Baden-Wuertt   3.000   7/24/2020  EUR   67.010
Landesbank Baden-Wuertt   4.000   7/24/2020  EUR   63.110
Landesbank Baden-Wuertt   5.000   7/24/2020  EUR   60.160
Landesbank Baden-Wuertt   5.000   7/24/2020  EUR   68.690
Landesbank Baden-Wuertt   6.500   7/24/2020  EUR   63.570
Landesbank Baden-Wuertt   5.500   7/24/2020  EUR   66.460
Landesbank Baden-Wuertt   2.000   7/24/2020  EUR   73.510
Landesbank Baden-Wuertt   3.500   7/24/2020  EUR   67.220
Landesbank Baden-Wuertt   2.000   7/24/2020  EUR   63.950
Landesbank Baden-Wuertt   3.500   7/24/2020  EUR   57.740
Landesbank Baden-Wuertt   2.000   7/24/2020  EUR   67.730
Landesbank Baden-Wuertt   3.500   7/24/2020  EUR   61.210
Landesbank Baden-Wuertt   5.000   7/24/2020  EUR   56.810
Landesbank Baden-Wuertt   2.000   7/24/2020  EUR   69.980
Landesbank Baden-Wuertt   2.500   7/24/2020  EUR   25.790
Landesbank Baden-Wuertt   4.000   7/24/2020  EUR   23.890
Landesbank Baden-Wuertt   2.500   7/24/2020  EUR   64.170
Landesbank Baden-Wuertt   3.500   7/24/2020  EUR   60.250
Landesbank Baden-Wuertt   4.500   7/24/2020  EUR   57.650
Landesbank Baden-Wuertt   4.000   7/24/2020  EUR   68.790
UBS AG/London            11.000   6/29/2020  CHF   55.200
UBS AG/London             6.500   6/29/2020  CHF   59.500
DekaBank Deutsche Giroz   7.000    2/1/2021  EUR   63.720
UBS AG/London             3.200   3/26/2020  EUR   59.520
Credit Suisse AG/Nassau   7.000   1/13/2021  CHF   64.880
Leonteq Securities AG     7.600   7/13/2021  CHF   69.510
Leonteq Securities AG/G   6.200   1/13/2021  CHF   65.170
Landesbank Baden-Wuertt   5.000   2/28/2020  EUR   68.540
Landesbank Baden-Wuertt   4.000   2/28/2020  EUR   55.300
Vontobel Financial Prod   3.850   1/27/2020  EUR   71.800
Leonteq Securities AG/G   6.000   1/20/2021  CHF   65.410
Credit Suisse AG/London   6.750   1/23/2020  EUR   69.810
UBS AG/London             5.500   1/13/2020  CHF   72.200
UBS AG/London             6.250   7/13/2020  CHF   25.240
UBS AG/London             6.000   1/13/2020  CHF   57.500
UBS AG/London             7.000   1/13/2020  EUR   68.850
UBS AG/London             5.250   7/13/2020  CHF   61.800
Landesbank Hessen-Thuer   2.750   5/20/2021  EUR   61.300
Corner Banca SA          10.600   1/13/2020  CHF   61.270
Raiffeisen Schweiz Geno   6.800   7/20/2020  CHF   62.040
Raiffeisen Schweiz Geno   6.500   1/20/2020  CHF   56.960
Bayerische Landesbank     3.550   8/21/2020  EUR   68.590
Landesbank Hessen-Thuer   3.500   8/17/2022  EUR   69.140
Societe Generale SA       7.000  10/20/2020  USD
HSBC Trinkaus & Burkhar   5.000  12/29/2020  EUR   68.610
Landesbank Baden-Wuertt   3.170   5/22/2020  EUR   72.420
EFG International Finan   8.000   5/26/2020  USD   47.900
Landesbank Hessen-Thuer   5.300   9/23/2022  EUR   70.920
Leonteq Securities AG/G   6.000   5/22/2020  CHF   63.620
Landesbank Baden-Wuertt   3.100   7/24/2020  EUR   65.920
Landesbank Hessen-Thuer   5.200   9/30/2022  EUR   73.090
Landesbank Hessen-Thuer   3.450    9/9/2020  EUR   72.600
Societe Generale Effekt  19.641   9/18/2020  EUR   70.240
Vontobel Financial Prod  13.400   9/16/2020  USD   56.040
BNP Paribas Emissions-   19.000   3/26/2020  EUR   69.100
EFG International Finan   6.600    8/3/2020  EUR   71.650
EFG International Finan   6.000    8/3/2020  USD   52.220
UniCredit Bank AG         3.600   8/23/2021  EUR   58.880
Leonteq Securities AG/G   5.200   7/28/2020  CHF   68.330
Landesbank Baden-Wuertt   4.450   8/28/2020  EUR   71.950
Landesbank Baden-Wuertt   2.900  10/23/2020  EUR   73.040
Landesbank Hessen-Thuer   7.000    1/9/2023  EUR   50.690
EFG International Finan   5.500   9/21/2020  USD   54.440
Vonetize Plc              6.000    8/1/2022  ILS   65.700
DekaBank Deutsche Giroz   4.400   2/21/2020  EUR   68.870
Leonteq Securities AG/G   5.000   8/25/2020  CHF   69.970
Leonteq Securities AG/G   6.200   3/11/2020  CHF   69.260
Landesbank Hessen-Thuer   6.000   10/6/2022  EUR   70.770
Landesbank Hessen-Thuer   4.000  10/13/2021  EUR   68.120
UBS AG/London            13.500  10/19/2020  USD   63.930
Landesbank Hessen-Thuer   3.100   10/6/2020  EUR   71.700
Leonteq Securities AG/G   6.000   8/18/2020  CHF   71.300
UniCredit Bank AG         5.250   9/19/2020  EUR   64.790
Bayerische Landesbank     2.700   9/18/2020  EUR   64.410
EFG International Finan   5.800   8/31/2020  EUR   71.070
DekaBank Deutsche Giroz   2.000   9/18/2020  EUR   59.760
Landesbank Hessen-Thuer   4.100   7/13/2020  EUR   71.300
EFG International Finan   6.000   8/24/2020  CHF   71.290
Leonteq Securities AG/G   6.600   8/18/2020  CHF   72.840
EFG International Finan   8.000    3/9/2020  USD   43.990
UniCredit Bank AG         3.800   9/19/2021  EUR   63.870
UniCredit Bank AG         3.850   9/19/2021  EUR   61.450
UniCredit Bank AG         3.500   9/19/2021  EUR   55.290
Leonteq Securities AG/G   8.200    9/1/2020  CHF   74.930
Commerzbank AG            2.100   8/28/2020  EUR   60.890
UniCredit Bank AG         4.600   10/8/2022  EUR   66.780
UniCredit Bank AG         5.000   9/26/2021  EUR   61.520
Landesbank Baden-Wuertt   4.250   2/28/2020  EUR   64.180
Landesbank Baden-Wuertt   2.550   2/28/2020  EUR   72.070
Leonteq Securities AG/G   5.000    9/8/2020  CHF   42.730
Landesbank Hessen-Thuer   3.000    7/6/2021  EUR   64.900
DekaBank Deutsche Giroz   3.650   3/27/2020  EUR   67.760
Landesbank Baden-Wuertt   4.150   2/28/2020  EUR   62.750
Landesbank Hessen-Thuer   3.500    9/8/2022  EUR   61.090
Landesbank Hessen-Thuer   4.000    3/8/2021  EUR   59.000
Landesbank Hessen-Thuer   4.500    9/8/2021  EUR   71.230
Vontobel Financial Prod  20.500   9/25/2020  EUR   72.128
Landesbank Hessen-Thuer   3.000   6/15/2020  EUR   72.300
Landesbank Hessen-Thuer   5.200    9/8/2022  EUR   70.150
Raiffeisen Switzerland    5.000   8/14/2020  EUR   51.510
UniCredit Bank AG         4.000   7/31/2020  EUR   67.700
Landesbank Baden-Wuertt   3.250   6/26/2020  EUR   71.850
Vontobel Financial Prod   8.500   3/27/2020  EUR   72.090
Landesbank Baden-Wuertt   5.000   4/24/2020  EUR   75.960
Landesbank Baden-Wuertt   3.000   3/27/2020  EUR   66.530
Landesbank Baden-Wuertt   7.000   3/27/2020  EUR   57.400
Landesbank Baden-Wuertt   6.000   3/27/2020  EUR   74.480
Landesbank Baden-Wuertt   5.000   3/27/2020  EUR   61.610
DZ Bank AG Deutsche Zen  11.750   3/25/2020  EUR   52.370
DZ Bank AG Deutsche Zen   8.750   3/25/2020  EUR   68.710
UniCredit Bank AG         3.800  10/24/2021  EUR   61.430
UniCredit Bank AG         3.900  10/24/2021  EUR   63.870
DekaBank Deutsche Giroz   2.200   4/20/2020  EUR   69.930
Leonteq Securities AG/G   6.600   6/30/2020  CHF   74.150
Leonteq Securities AG/G   5.400   6/30/2020  CHF   61.380
DekaBank Deutsche Giroz   2.000   10/9/2020  EUR   69.490
EFG International Finan   8.000   4/21/2020  USD   43.840
Landesbank Hessen-Thuer   6.000    8/4/2022  EUR   67.050
Commerzbank AG            1.580   9/16/2024  USD    4.600
Landesbank Hessen-Thuer   4.000   2/17/2021  EUR   39.360
DekaBank Deutsche Giroz   2.400   10/9/2020  EUR   64.420
DekaBank Deutsche Giroz   2.900   10/9/2020  EUR   45.660
Landesbank Baden-Wuertt   3.000  10/23/2020  EUR   67.360
UBS AG/London             7.000   3/27/2020  CHF   60.600
Landesbank Hessen-Thuer   4.000   8/18/2021  EUR   42.740
Landesbank Hessen-Thuer   5.700  10/27/2022  EUR   57.050
EFG International Finan   7.000  10/12/2020  EUR   64.780
Landesbank Hessen-Thuer   3.350    8/6/2021  EUR   70.500
Landesbank Hessen-Thuer   3.000    8/6/2021  EUR   57.900
DekaBank Deutsche Giroz   4.150   4/30/2020  EUR   68.080
UniCredit Bank AG         3.120   9/25/2020  EUR   49.920
UniCredit Bank AG         5.350  10/18/2020  EUR   63.280
UniCredit Bank AG         4.500  11/12/2022  EUR   67.180
Leonteq Securities AG     7.400   4/24/2020  USD   44.490
EFG International Finan   7.200   10/5/2020  USD   56.280
Leonteq Securities AG/G   7.000   9/29/2020  CHF   69.400
Landesbank Hessen-Thuer   5.000   8/11/2021  EUR   65.040
Raiffeisen Schweiz Geno   7.410   7/13/2020  CHF   72.370
Leonteq Securities AG/G   6.000    4/2/2020  CHF   72.620
EFG International Finan   6.600   9/28/2020  EUR   70.710
Landesbank Baden-Wuertt   3.700   6/26/2020  EUR   70.530
DekaBank Deutsche Giroz   2.000  10/16/2020  EUR   55.640
DekaBank Deutsche Giroz   2.100   5/15/2020  EUR   61.440
Landesbank Hessen-Thuer   7.000  10/20/2022  EUR   73.890
Landesbank Baden-Wuertt   3.050   7/24/2020  EUR   71.420
Landesbank Hessen-Thuer   7.700   1/20/2023  EUR   70.140
DekaBank Deutsche Giroz   3.200    1/7/2020  EUR   67.760
Finans-Avia OOO           0.010   7/31/2027  RUB    3.670
SG Issuer SA              0.800  11/30/2020  SEK   17.650
Vontobel Financial Prod  14.000    1/6/2020  EUR   72.660
Leonteq Securities AG/G   5.000    5/3/2021  EUR   66.610
Vontobel Financial Prod  10.500   6/12/2020  EUR   60.260
Vontobel Financial Prod  13.500   6/12/2020  EUR   61.560
Landesbank Baden-Wuertt   5.000   6/25/2021  EUR   59.830
Landesbank Baden-Wuertt   6.500   6/25/2021  EUR   58.400
Societe Generale Effekt   9.898   3/20/2020  EUR   70.770
Societe Generale Effekt  22.874   3/20/2020  EUR   60.020
Vontobel Financial Prod  14.500   6/12/2020  EUR   72.190
Vontobel Financial Prod  17.000   6/12/2020  EUR   69.680
Vontobel Financial Prod  13.500   6/12/2020  EUR   68.440
Barclays Bank PLC         8.500   9/11/2020  USD   10.200
Vontobel Financial Prod  11.500   6/12/2020  EUR   70.280
Leonteq Securities AG/G   7.000   7/14/2020  CHF   73.090
Bank Julius Baer & Co L   8.500   4/27/2020  EUR   70.250
DZ Bank AG Deutsche Zen   6.900   3/23/2020  EUR   70.860
Commerzbank AG           10.250   3/27/2020  EUR   70.240
Vontobel Financial Prod  17.500   3/27/2020  EUR   72.520
Vontobel Financial Prod   9.500   3/27/2020  EUR   69.190
Vontobel Financial Prod  17.000   3/27/2020  EUR   61.060
Vontobel Financial Prod  10.500   6/26/2020  EUR   67.610
Vontobel Financial Prod   8.000   3/27/2020  EUR   71.020
DZ Bank AG Deutsche Zen   6.100   3/23/2020  EUR   72.960
DZ Bank AG Deutsche Zen  11.000   6/22/2020  EUR   63.730
DZ Bank AG Deutsche Zen   9.250   9/21/2020  EUR   65.010
UBS AG/London            10.500   10/2/2020  USD   63.590
DZ Bank AG Deutsche Zen   5.000   6/24/2020  EUR   66.480
Vontobel Financial Prod  14.500   3/27/2020  EUR   59.990
Societe Generale Effekt   8.434   3/27/2020  EUR   74.210
Societe Generale Effekt  11.714   3/27/2020  EUR   68.130
Societe Generale Effekt  12.652   3/27/2020  EUR   68.350
Societe Generale Effekt  13.589   3/27/2020  EUR   65.600
Societe Generale Effekt  12.671   4/24/2020  EUR   72.320
Societe Generale Effekt  11.863   6/26/2020  EUR   72.570
Societe Generale Effekt  14.829   6/26/2020  EUR   67.760
Societe Generale Effekt  17.795   6/26/2020  EUR   68.930
Societe Generale Effekt   7.497   3/27/2020  EUR   73.990
Societe Generale Effekt   9.372   3/27/2020  EUR   70.850
Societe Generale Effekt   9.840   3/27/2020  EUR   70.960
Societe Generale Effekt   7.966   3/27/2020  EUR   74.100
Societe Generale Effekt  11.246   3/27/2020  EUR   68.020
Societe Generale Effekt  13.120   3/27/2020  EUR   68.460
Societe Generale Effekt  10.137   4/24/2020  EUR   71.580
Societe Generale Effekt  15.205   4/24/2020  EUR   66.850
Societe Generale Effekt  10.309   3/27/2020  EUR   71.070
Societe Generale Effekt  10.777   3/27/2020  EUR   71.180
Societe Generale Effekt  11.246   3/27/2020  EUR   71.290
Societe Generale Effekt  11.714   3/27/2020  EUR   71.400
Societe Generale Effekt  12.183   3/27/2020  EUR   68.240
Societe Generale Effekt  14.057   3/27/2020  EUR   68.680
Societe Generale Effekt  14.057   3/27/2020  EUR   65.710
Societe Generale Effekt  21.836   6/25/2021  EUR   74.040
Vontobel Financial Prod  13.000   9/25/2020  EUR   51.422
Landesbank Hessen-Thuer   7.000   4/29/2022  EUR   52.190
DZ Bank AG Deutsche Zen   5.500   6/24/2020  EUR   67.840
DZ Bank AG Deutsche Zen   8.500   6/24/2020  EUR   64.960
DZ Bank AG Deutsche Zen  11.000   6/24/2020  EUR   62.840
HSBC Trinkaus & Burkhar   5.100   3/27/2020  EUR   63.280
HSBC Trinkaus & Burkhar   5.600   6/26/2020  EUR   62.780
HSBC Trinkaus & Burkhar   7.700   9/25/2020  EUR   58.600
HSBC Trinkaus & Burkhar   5.700   9/25/2020  EUR   62.700
HSBC Trinkaus & Burkhar   8.000   6/26/2020  EUR   72.010
HSBC Trinkaus & Burkhar   8.200   9/25/2020  EUR   71.540
HSBC Trinkaus & Burkhar  10.300   6/26/2020  EUR   55.310
HSBC Trinkaus & Burkhar  10.300   1/24/2020  EUR   54.340
HSBC Trinkaus & Burkhar   9.400   7/24/2020  EUR   56.460
Credit Suisse AG/London  11.250   5/15/2020  USD   66.640
Societe Generale Effekt  25.373   6/19/2020  EUR   72.940
Societe Generale Effekt  27.444   6/19/2020  EUR   71.780
Vontobel Financial Prod  16.500   3/13/2020  EUR   69.980
Vontobel Financial Prod  12.500   3/13/2020  EUR   73.520
Vontobel Financial Prod  16.500   3/13/2020  EUR   63.490
Vontobel Financial Prod  18.500   3/13/2020  EUR   63.860
Vontobel Financial Prod  14.500   6/12/2020  EUR   73.700
Societe Generale Effekt  27.934   3/20/2020  EUR   72.330
Societe Generale Effekt  17.902   3/20/2020  EUR   66.940
Societe Generale Effekt  23.301   6/19/2020  EUR   68.590
Societe Generale Effekt  26.984   9/18/2020  EUR   70.280
BNP Paribas Emissions-   25.000   3/26/2020  EUR   72.840
BNP Paribas Emissions-   23.000   3/26/2020  EUR   71.480
DZ Bank AG Deutsche Zen  10.600   9/25/2020  EUR   72.580
Societe Generale Effekt  19.126   3/20/2020  EUR   51.970
Bank Julius Baer & Co L   8.150   5/26/2020  EUR   65.300
Societe Generale Effekt  26.408   6/19/2020  EUR   72.340
BNP Paribas Emissions-   20.000   3/26/2020  EUR   73.030
DZ Bank AG Deutsche Zen   5.000   9/21/2020  EUR   70.120
DZ Bank AG Deutsche Zen   6.250   9/21/2020  EUR   70.980
DZ Bank AG Deutsche Zen   7.800   9/21/2020  EUR   72.790
Landesbank Baden-Wuertt   4.500   3/27/2020  EUR   77.270
BNP Paribas Emissions-   20.000   3/26/2020  EUR   73.340
DZ Bank AG Deutsche Zen   8.250   3/25/2020  EUR   59.310
Societe Generale Effekt  25.074   3/20/2020  EUR   64.580
Societe Generale Effekt  17.156   3/20/2020  EUR   57.590
Societe Generale Effekt   7.337   6/19/2020  EUR   72.130
Vontobel Financial Prod  15.500   6/26/2020  EUR   55.710
UBS AG/London            15.000   8/21/2020  CHF   60.340
Societe Generale Effekt  22.874   3/20/2020  EUR   54.310
Societe Generale Effekt  19.471   6/19/2020  EUR   60.830
Landesbank Baden-Wuertt   3.000   6/25/2021  EUR   63.900
Societe Generale Effekt  22.214   3/20/2020  EUR   66.880
Societe Generale Effekt  15.836   3/20/2020  EUR   71.600
Societe Generale Effekt  14.077   3/20/2020  EUR   69.330
Societe Generale Effekt   7.619   6/19/2020  EUR   68.650
Societe Generale Effekt   8.958   9/18/2020  EUR   69.270
Societe Generale Effekt  11.570   6/19/2020  EUR   66.250
Societe Generale Effekt   9.018   3/20/2020  EUR   71.910
Societe Generale Effekt  20.895   3/20/2020  EUR   61.310
Societe Generale Effekt  21.995   3/20/2020  EUR   60.680
Leonteq Securities AG    12.000   8/28/2020  CHF   34.180
Volga Sport ZAO           7.880    4/4/2022  RUB  100.000
Vontobel Financial Prod  14.000   6/26/2020  EUR   72.380
Vontobel Financial Prod  15.000   6/26/2020  EUR   70.980
Vontobel Financial Prod  19.500   3/27/2020  EUR   72.770
Vontobel Financial Prod  18.500   3/27/2020  EUR   73.190
Vontobel Financial Prod  19.500   6/26/2020  EUR   71.810
Vontobel Financial Prod  18.500   6/26/2020  EUR   72.990
Vontobel Financial Prod  21.000   6/26/2020  EUR   70.920
Vontobel Financial Prod  15.000   3/27/2020  EUR   70.220
Vontobel Financial Prod  13.500   3/27/2020  EUR   71.950
Podkarpacki Bank Spoldz   5.790   2/23/2025  PLN   35.010
Podkarpacki Bank Spoldz   5.790  10/24/2024  PLN   40.000
Landesbank Hessen-Thuer   7.770   7/15/2021  EUR   26.610
Business-Consulting OAO   6.000   12/6/2030  RUB   65.000
Gold-Zack AG              7.000  12/14/2005  EUR    6.510
VTB Bank PJSC             3.000    9/1/2044  RUB   90.000
Landesbank Baden-Wuertt   6.500   4/24/2020  EUR   70.930
Landesbank Baden-Wuertt   6.000   4/24/2020  EUR   67.020
Podkarpacki Bank Spoldz   5.790   3/31/2025  PLN   48.000
Archer Finance OOO        9.250   3/29/2022  RUB
UniCredit Bank AG         4.500  11/18/2020  EUR   53.980
DZ Bank AG Deutsche Zen   8.000   6/24/2020  EUR   69.610
Podkarpacki Bank Spoldz   4.990   10/6/2021  PLN   62.030
VTB Bank PJSC             3.000   9/15/2044  RUB   90.000
Polski Bank Spoldzielcz   5.290   9/14/2027  PLN   70.000
Vontobel Financial Prod  13.500   6/25/2020  EUR   68.480
Vontobel Financial Prod   9.500   3/27/2020  EUR   73.650
Bank Julius Baer & Co L  10.800   1/21/2020  USD   77.800
Vontobel Financial Prod  15.000   3/27/2020  EUR   67.240
Vontobel Financial Prod  13.000   3/27/2020  EUR   61.130
Vontobel Financial Prod  12.000   6/29/2020  EUR   70.370
Landesbank Baden-Wuertt   6.000   4/24/2020  EUR   76.280
DZ Bank AG Deutsche Zen  12.500   4/22/2020  EUR   47.230
EFG International Finan  15.000   4/23/2020  USD   46.060
Vontobel Financial Prod   9.500   6/25/2020  EUR   72.570
Vontobel Financial Prod   9.500   6/26/2020  EUR   72.300
Vontobel Financial Prod  13.000   3/27/2020  EUR   69.970
Vontobel Financial Prod  16.000   6/26/2020  EUR   68.250
Vontobel Financial Prod   5.000   6/25/2020  EUR   54.690
Vontobel Financial Prod  13.000   6/26/2020  EUR   67.980
Vontobel Financial Prod   6.550   6/26/2020  EUR   60.860
Vontobel Financial Prod   5.500   3/27/2020  EUR   72.470
Vontobel Financial Prod   7.500   3/27/2020  EUR   68.670
Vontobel Financial Prod   6.500   3/27/2020  EUR   70.510
Vontobel Financial Prod   9.000   3/27/2020  EUR   67.050
Vontobel Financial Prod  11.500   3/27/2020  EUR   64.020
Landesbank Baden-Wuertt   5.400   7/24/2020  EUR   69.590
Vontobel Financial Prod  10.000   3/27/2020  EUR   65.430
Vontobel Financial Prod   5.500   6/26/2020  EUR   72.530
Vontobel Financial Prod   7.500   6/26/2020  EUR   69.430
Vontobel Financial Prod   8.500   6/26/2020  EUR   68.030
Vontobel Financial Prod   9.500   6/26/2020  EUR   66.720
Vontobel Financial Prod   6.500   6/26/2020  EUR   70.930
Vontobel Financial Prod  10.500   6/26/2020  EUR   65.500
Vontobel Financial Prod  11.500   6/26/2020  EUR   64.360
Vontobel Financial Prod  16.000   3/27/2020  EUR   66.250
BNP Paribas Emissions-   14.000   3/26/2020  EUR   69.390
BNP Paribas Emissions-   12.000   9/24/2020  EUR   71.920
BNP Paribas Emissions-    8.500   3/26/2020  EUR   72.930
BNP Paribas Emissions-   10.000   3/26/2020  EUR   70.910
BNP Paribas Emissions-   14.000   3/26/2020  EUR   66.520
BNP Paribas Emissions-   17.000   3/26/2020  EUR   64.360
BNP Paribas Emissions-    8.000   3/26/2020  EUR   70.810
BNP Paribas Emissions-    7.000   9/24/2020  EUR   72.210
BNP Paribas Emissions-    8.500   9/24/2020  EUR   69.640
BNP Paribas Emissions-   10.000   9/24/2020  EUR   67.370
BNP Paribas Emissions-    7.000  12/24/2020  EUR   73.270
BNP Paribas Emissions-   11.000  12/24/2020  EUR   67.480
BNP Paribas Emissions-   10.000   9/24/2020  EUR   73.040
BNP Paribas Emissions-   11.000   9/24/2020  EUR   71.740
BNP Paribas Emissions-   13.000  12/24/2020  EUR   70.800
BNP Paribas Emissions-   13.000   3/26/2020  EUR   71.130
BNP Paribas Emissions-    9.000   9/24/2020  EUR   74.180
BNP Paribas Emissions-   11.000  12/24/2020  EUR   72.190
UniCredit Bank AG         4.100   10/1/2020  EUR   35.990
Leonteq Securities AG/G   5.000   1/20/2020  CHF   20.040
SG Issuer SA              0.820    8/2/2021  SEK   19.290
Commerzbank AG            8.750   3/27/2020  EUR   66.690
Commerzbank AG           12.750   3/27/2020  EUR   61.070
Leonteq Securities AG/G  18.400    4/8/2020  USD   58.060
Leonteq Securities AG/G  15.600    4/8/2020  EUR   57.800
Leonteq Securities AG    15.400    4/8/2020  CHF   57.780
DZ Bank AG Deutsche Zen  15.750   3/25/2020  EUR   70.230
Sviaz Bank OAO            7.000   4/13/2022  RUB   95.000
AKB Derzhava OJSC         7.750   7/10/2023  RUB   90.000
DekaBank Deutsche Giroz   3.100   1/10/2020  EUR   36.160
VTB Bank PJSC             3.000   8/14/2043  RUB   90.000
Landesbank Baden-Wuertt   6.000  11/27/2020  EUR   73.240
DekaBank Deutsche Giroz   2.700    7/1/2020  EUR   69.810
BNP Paribas Emissions-   21.000   3/26/2020  EUR   69.530
BNP Paribas Emissions-   23.000   3/26/2020  EUR   69.950
BNP Paribas Emissions-   17.000   6/25/2020  EUR   71.990
BNP Paribas Emissions-   22.000   3/26/2020  EUR   73.250
BNP Paribas Emissions-   14.000   3/26/2020  EUR   72.080
Metalloinvest Holding C   0.010    3/7/2022  RUB   90.000
Metalloinvest Holding C   0.010    3/7/2022  RUB   90.000
Vontobel Financial Prod  11.000   9/25/2020  EUR   57.571
Landesbank Hessen-Thuer   4.000  10/14/2020  EUR   36.600
VTB Bank PJSC             3.000  11/26/2043  RUB  100.000
Vontobel Financial Prod  13.000   6/26/2020  EUR   66.940
Vontobel Financial Prod  12.000   6/26/2020  EUR   63.060
BNP Paribas Emissions-   24.000   3/26/2020  EUR   73.660
BNP Paribas Emissions-   18.000   3/26/2020  EUR   72.920
Rosselkhozbank JSC       12.870  12/21/2021  RUB   75.000
BNP Paribas Emissions-   19.000   6/25/2020  EUR   72.910
BNP Paribas Emissions-   20.000   3/26/2020  EUR   72.830
BNP Paribas Emissions-   16.000   3/26/2020  EUR   72.500
Barclays Bank PLC        12.860   5/28/2020  USD   70.150
Samaratransneft-Termina  17.000   6/20/2021  RUB   12.700
Lehman Brothers Treasur   7.585  11/22/2009  MXN    3.750
Lehman Brothers Treasur   4.000  11/24/2016  EUR    2.571
OOO SPV Structural Inve   0.010    9/1/2023  RUB   66.740
Lehman Brothers Treasur  15.000   3/30/2011  EUR    2.571
Aralco Finance SA        10.125    5/7/2020  USD    1.684
Ideal Standard Internat  11.750    5/1/2018  EUR    0.240
Barclays Bank PLC         1.268   5/14/2029  USD   75.250
Lehman Brothers Treasur  18.250   10/2/2008  USD    2.571
Lehman Brothers Treasur   3.400   9/21/2009  HKD    2.571
Lehman Brothers Treasur   4.000  10/12/2010  USD    2.571
Lehman Brothers Treasur   5.000    5/2/2022  EUR    2.571
Lehman Brothers Treasur   4.100   6/10/2014  SGD    3.750
Kaupthing ehf             5.250   7/18/2017  BGN    0.250
Lehman Brothers Treasur  13.000   7/25/2012  EUR    2.571
Lehman Brothers Treasur  11.000    7/4/2011  USD    2.571
Lehman Brothers Treasur   4.000   5/30/2010  USD    2.571
Lehman Brothers Treasur   2.480   5/12/2009  USD    2.571
Kaupthing ehf             4.730  12/19/2008  SKK    0.250
Lehman Brothers Treasur   8.800  12/27/2009  EUR    2.571
Lehman Brothers Treasur  11.000  12/20/2017  AUD    2.571
Lehman Brothers Treasur  11.000  12/20/2017  AUD    2.571
Lehman Brothers Treasur  11.000  12/20/2017  AUD    2.571
Lehman Brothers Treasur   4.000    1/4/2011  USD    2.571
Lehman Brothers Treasur   0.500  12/20/2017  AUD    2.571
Lehman Brothers Treasur   8.000  12/31/2010  USD    2.571
Lehman Brothers Treasur   0.500  12/20/2017  USD    2.571
Lehman Brothers Treasur   5.375    2/4/2014  USD    2.571
Lehman Brothers Treasur  11.000   2/16/2009  CHF    2.571
Lehman Brothers Treasur  10.000   2/16/2009  CHF    2.571
Lehman Brothers Treasur   7.000   2/15/2010  CHF    2.571
Lehman Brothers Treasur   1.000   2/26/2010  USD    2.571
Lehman Brothers Treasur   3.500   6/20/2011  EUR    2.571
Lehman Brothers Treasur   7.500   2/14/2010  AUD    2.571
Lehman Brothers Treasur   5.500   6/22/2010  USD    3.400
Lehman Brothers Treasur   3.350  10/13/2016  EUR    2.571
Lehman Brothers Treasur   6.000   5/23/2018  CZK    2.571
Lehman Brothers Treasur   5.000   4/24/2017  EUR    2.571
Lehman Brothers Treasur   3.000   8/13/2011  EUR    2.571
Nutritek International    8.750  12/11/2008  USD    2.089
Laurel GmbH               7.125  11/16/2017  EUR    7.750
Lehman Brothers Treasur   4.500    3/7/2015  EUR    2.571
LBI ehf                   2.250   2/14/2011  CHF    7.750
SG Issuer SA              3.300   9/26/2034  ZAR   44.770
Heta Asset Resolution A   7.500  12/31/2023  ATS    1.739
Barclays Bank PLC         0.500   1/28/2033  MXN   34.424
RGS Nedvizhimost OOO     12.000  10/18/2017  RUB    0.335
Lehman Brothers Treasur   3.025   1/31/2015  EUR    2.571
Lehman Brothers Treasur   0.750   3/29/2012  EUR    2.571
Lehman Brothers Treasur   7.500   7/31/2013  GBP    2.571
Lehman Brothers Treasur   8.280   7/31/2013  GBP    2.571
Lehman Brothers Treasur   4.150   8/25/2020  EUR    2.571
Lehman Brothers Treasur   6.000   12/6/2016  USD    2.571
Northland Resources AB   12.250   3/26/2016  USD    2.621
Lehman Brothers Treasur   3.000    8/8/2017  EUR    2.571
Hellas Telecommunicatio   8.500  10/15/2013  EUR    0.452
Lehman Brothers Treasur   5.220    3/1/2024  EUR    2.571
Lehman Brothers Treasur   4.870   10/8/2013  USD    2.571
Lehman Brothers Treasur   6.000   6/21/2011  EUR    2.571
Lehman Brothers Treasur   2.000   6/21/2011  EUR    2.571
Lehman Brothers Treasur   1.950   11/4/2013  EUR    2.571
Heta Asset Resolution A   5.030  12/31/2023  EUR    1.739
Lehman Brothers Treasur   4.000   2/28/2010  EUR    2.571
Heta Asset Resolution A   4.875  12/31/2023  EUR    1.739
Lehman Brothers Treasur   2.370   7/15/2013  USD    2.571
Lehman Brothers Treasur   2.300   6/27/2013  USD    2.571
Kaupthing ehf             6.500   10/8/2010  ISK    0.250
Kaupthing ehf             7.500   12/5/2014  ISK    0.250
Lehman Brothers Treasur   4.200   12/3/2008  HKD    3.400
Heta Asset Resolution A   5.270  12/31/2023  EUR    1.739
Lehman Brothers Treasur   8.875   1/28/2011  HKD    3.400
SAir Group                2.750   7/30/2004  CHF    9.875
Kaupthing ehf             7.000   7/24/2009  ISK    0.250
LBI ehf                   8.650    5/1/2011  ISK    7.750
Derzhava-Garant OOO       9.250   6/24/2020  RUB   55.000
IT Holding Finance SA     9.875  11/15/2012  EUR    0.202
Lehman Brothers Treasur   4.100   5/20/2009  USD    2.571
Lehman Brothers Treasur   2.000   5/17/2010  EUR    2.571
Otkritie Holding JSC     10.000   4/20/2028  RUB
Lehman Brothers Treasur   8.280   3/26/2009  USD    2.571
Lehman Brothers Treasur   8.500    7/6/2009  CHF    2.571
Lehman Brothers Treasur   4.500    8/2/2009  USD    2.571
Lehman Brothers Treasur   6.850  12/22/2008  EUR    2.571
Lehman Brothers Treasur   7.550  12/29/2008  USD    2.571
Lehman Brothers Treasur   7.500   9/13/2009  CHF    2.571
Lehman Brothers Treasur   5.103   6/22/2046  EUR    2.571
Lehman Brothers Treasur   4.500    3/6/2013  CHF    2.571
Lehman Brothers Treasur  10.500    8/9/2010  EUR    2.571
Lehman Brothers Treasur   9.000   6/13/2009  USD    2.571
Lehman Brothers Treasur   7.000  11/28/2008  CHF    2.571
Lehman Brothers Treasur   7.250   10/6/2008  EUR    2.571
Lehman Brothers Treasur   8.000   5/22/2009  USD    2.571
Lehman Brothers Treasur   3.860   9/21/2011  SGD    3.750
Lehman Brothers Treasur   4.000   4/24/2009  USD    2.571
Lehman Brothers Treasur   9.000   3/17/2009  GBP    2.571
Lehman Brothers Treasur   3.850   4/24/2009  USD    2.571
Lehman Brothers Treasur   8.000   4/20/2009  EUR    2.571
Petromena ASA             9.750   5/24/2016  NOK    0.607
Lehman Brothers Treasur   6.000   7/28/2010  EUR    2.571
Municipality Finance PL   0.250   6/28/2040  CAD   36.387
Lehman Brothers Treasur   4.500  12/30/2010  USD    2.571
Lehman Brothers Treasur   6.000   7/28/2010  EUR    2.571
Norske Skogindustrier A   2.000  12/30/2115  EUR    1.376
Lehman Brothers Treasur   6.000   3/17/2011  EUR    2.571
Lehman Brothers Treasur   7.320   7/31/2013  GBP    2.571
Lehman Brothers Treasur   8.600   7/31/2013  GBP    2.571
Lehman Brothers Treasur   4.000   12/2/2012  EUR    2.571
Barclays Bank PLC         0.656  10/10/2029  USD   71.354
Lehman Brothers Treasur   1.280   11/6/2010  JPY    3.750
Lehman Brothers Treasur   0.500   2/16/2009  EUR    2.571
Lehman Brothers Treasur   4.250   3/13/2021  EUR    2.571
SG Issuer SA              2.700  11/28/2034  ZAR   40.001
Bank Julius Baer & Co L  10.700   1/10/2020  CHF   68.150
Credit Suisse AG/London   7.600   8/10/2020  USD   65.343
Samaratransneft-Termina  12.000   4/27/2022  RUB   13.020
Lehman Brothers Treasur  13.432    1/8/2009  ILS    2.571
Lehman Brothers Treasur   6.000    8/7/2013  EUR    2.571
Lehman Brothers Treasur   2.500   8/15/2012  CHF    2.571
Lehman Brothers Treasur   7.750    1/3/2012  AUD    2.571
Lehman Brothers Treasur   4.680  12/12/2045  EUR    2.571
Lehman Brothers Treasur  13.000  12/14/2012  USD    2.571
Lehman Brothers Treasur   6.700   4/21/2011  USD    2.571
Lehman Brothers Treasur   3.000   9/12/2036  JPY    3.750
Northland Resources AB   15.000   7/15/2019  USD    2.621
Lehman Brothers Treasur   4.820  12/18/2036  EUR    2.571
Norske Skog Holding AS    8.000   2/24/2023  USD    0.071
Lehman Brothers Treasur   4.100   8/23/2010  USD    2.571
Lehman Brothers Treasur   4.050   9/16/2008  EUR    2.571
Lehman Brothers Treasur   7.060  12/29/2008  EUR    2.571
KPNQwest NV               7.125    6/1/2009  EUR    0.634
Lehman Brothers Treasur   5.120   4/30/2027  EUR    2.571
Lehman Brothers Treasur   4.300    6/4/2012  USD    2.571
Lehman Brothers Treasur  14.100  11/12/2008  USD    2.571
Lehman Brothers Treasur   7.250    7/8/2014  EUR    2.571
Otkritie Holding JSC     12.420   7/20/2028  RUB    0.880
Lehman Brothers Treasur   7.500   5/30/2010  AUD    2.571
Lehman Brothers Treasur   4.000    6/5/2011  USD    2.571
Kaupthing ehf             9.750   9/10/2015  USD    0.250
Lehman Brothers Treasur  16.800   8/21/2009  USD    2.571
Lehman Brothers Treasur  13.150  10/30/2008  USD    2.571
Lehman Brothers Treasur   6.250    9/5/2011  EUR    2.571
Lehman Brothers Treasur  10.000   6/11/2038  JPY    2.571
Lehman Brothers Treasur  12.000   7/13/2037  JPY    2.571
Heta Asset Resolution A   5.730  12/31/2023  EUR    1.739
Lehman Brothers Treasur   7.750   2/21/2016  EUR    2.571
Lehman Brothers Treasur   8.000  12/27/2032  JPY    2.571
Lehman Brothers Treasur   8.050  12/20/2010  HKD    2.571
KPNQwest NV               8.875    2/1/2008  EUR    0.634
Lehman Brothers Treasur   1.500    2/8/2012  CHF    2.571
Lehman Brothers Treasur   3.100    6/4/2010  USD    2.571
Lehman Brothers Treasur   0.500    7/2/2020  EUR    2.571
Lehman Brothers Treasur   0.010   9/20/2011  USD    2.571
Tonon Luxembourg SA       9.250   1/24/2020  USD    0.464
Lehman Brothers Treasur   0.500    6/2/2020  EUR    2.571
HSBC Bank PLC             0.500  11/25/2025  BRL   65.049
Lehman Brothers Treasur   4.050   9/16/2008  EUR    2.571
LBI ehf                   5.080    3/1/2013  ISK    7.750
Heta Asset Resolution A   0.281  12/31/2023  EUR    1.739
Heta Asset Resolution A   0.148  12/31/2023  EUR    1.739
Lehman Brothers Treasur   6.600    2/9/2009  EUR    2.571
Lehman Brothers Treasur   1.600   6/21/2010  JPY    2.571
Lehman Brothers Treasur   2.400   6/20/2011  JPY    2.571
Cerruti Finance SA        6.500   7/26/2004  EUR    1.361
Lehman Brothers Treasur   7.625   7/22/2011  HKD    2.571
Lehman Brothers Treasur   2.300    6/6/2013  USD    2.571
Lehman Brothers Treasur   1.460   2/19/2012  JPY    3.750
Lehman Brothers Treasur  11.000    7/4/2011  CHF    2.571
Lehman Brothers Treasur  12.000    7/4/2011  EUR    2.571
Lehman Brothers Treasur  16.000  12/26/2008  USD    2.571
Lehman Brothers Treasur  11.250  12/31/2008  USD    2.571
Kaupthing ehf             3.750    2/1/2045  USD    0.100
Lehman Brothers Treasur   3.820  10/20/2009  USD    2.571
Kaupthing ehf             4.390  10/14/2008  CZK    0.250
Lehman Brothers Treasur   3.630    3/2/2012  EUR    2.571
EDOB Abwicklungs AG       7.500    4/1/2012  EUR    1.079
Credit Suisse AG/London   0.500    1/8/2026  BRL   64.477
Lehman Brothers Treasur   7.000   7/11/2010  EUR    2.571
Solarwatt GmbH            7.000   11/1/2015  EUR   15.500
Lehman Brothers Treasur   3.700    6/6/2009  EUR    2.571
Lehman Brothers Treasur   5.000  10/24/2008  CHF    2.571
Lehman Brothers Treasur   5.500   6/15/2009  CHF    2.571
Lehman Brothers Treasur  11.000   6/29/2009  EUR    2.571
Lehman Brothers Treasur   8.000    8/3/2009  USD    2.571
Lehman Brothers Treasur   3.000   9/13/2010  JPY    3.750
Lehman Brothers Treasur   2.000  10/28/2010  EUR    2.571
Lehman Brothers Treasur   1.500  10/25/2011  EUR    2.571
Lehman Brothers Treasur   7.500  10/24/2008  USD    2.571
Lehman Brothers Treasur   4.000   4/13/2011  CHF    2.571
Lehman Brothers Treasur  10.000   3/27/2009  USD    2.571
Lehman Brothers Treasur   5.750   6/15/2009  CHF    2.571
Lehman Brothers Treasur   7.000   4/14/2009  EUR    2.571
Mriya Agro Holding PLC   10.950   3/30/2016  USD    7.852
Lehman Brothers Treasur   6.000  10/24/2008  EUR    2.571
Lehman Brothers Treasur   7.600   3/26/2009  EUR    2.571
Lehman Brothers Treasur   6.650   8/24/2011  AUD    3.400
Lehman Brothers Treasur   2.500  12/15/2011  GBP    2.571
Heta Asset Resolution A   4.350  12/31/2023  EUR    1.739
Lehman Brothers Treasur   7.750   1/30/2009  EUR    2.571
Lehman Brothers Treasur   0.250   7/21/2014  EUR    2.571
Kaupthing ehf             5.000    1/4/2027  SKK    0.250
Lehman Brothers Treasur   1.750    2/7/2010  EUR    2.571
Lehman Brothers Treasur   5.100    5/8/2017  HKD    3.400
Societe Generale SA       0.500    4/4/2024  MXN   73.335
Lehman Brothers Treasur   6.750    4/5/2012  EUR    2.571
Lehman Brothers Treasur   7.000   2/15/2012  EUR    2.571
Lehman Brothers Treasur   4.690   2/19/2017  EUR    2.571
Lehman Brothers Treasur  11.000  12/19/2011  USD    2.571
Lehman Brothers Treasur   2.250   5/12/2009  USD    2.571
Lehman Brothers Treasur   1.680    3/5/2015  EUR    2.571
Lehman Brothers Treasur  13.500  11/28/2008  USD    2.571
Lehman Brothers Treasur   4.000   5/17/2010  USD    2.571
Astana Finance BV         7.875    6/8/2010  EUR   16.000
Lehman Brothers Treasur   5.250  11/21/2009  USD    2.571
Lehman Brothers Treasur  10.000    1/3/2012  BRL    2.571
Lehman Brothers Treasur   0.800  12/30/2016  EUR    2.571
Lehman Brothers Treasur   3.500  10/31/2011  USD    2.571
Lehman Brothers Treasur   3.500  10/24/2011  USD    2.571
Lehman Brothers Treasur   0.250  10/19/2012  CHF    2.571
Lehman Brothers Treasur   5.200   3/19/2018  EUR    2.571
Lehman Brothers Treasur  14.900   9/15/2008  EUR    2.571
Bulgaria Steel Finance   12.000    5/4/2013  EUR    0.216
Kaupthing ehf             3.750   2/15/2024  ISK    0.250
ECM Real Estate Investm   5.000   10/9/2011  EUR   15.375
Lehman Brothers Treasur   7.000  10/22/2010  EUR    2.571
Lehman Brothers Treasur   6.000   9/20/2011  EUR    2.571
LBI ehf                   7.431              USD    0.001
Petromena ASA            10.850  11/19/2018  USD    0.607
Lehman Brothers Treasur   5.200   11/9/2011  EUR    3.400
Lehman Brothers Treasur   1.500  10/12/2010  EUR    2.571
Lehman Brothers Treasur   4.600  10/11/2017  ILS    3.750
Lehman Brothers Treasur   3.500  12/20/2027  USD    2.571
Lehman Brothers Treasur  14.900  11/16/2010  EUR    2.571
AlphaNotes ETP Dac        0.010    9/9/2029  USD   70.046
Lehman Brothers Treasur   4.800  11/16/2012  HKD    2.571
Lehman Brothers Treasur   0.500  12/20/2017  AUD    2.571
Lehman Brothers Treasur   0.500  12/20/2017  AUD    3.400
Lehman Brothers Treasur   0.500  12/20/2017  AUD    2.571
Lehman Brothers Treasur   9.300  12/21/2010  EUR    2.571
Lehman Brothers Treasur   0.500  12/20/2017  USD    2.571
Lehman Brothers Treasur   0.500  12/20/2017  USD    2.571
Lehman Brothers Treasur   8.000  10/23/2008  USD    2.571
Lehman Brothers Treasur   6.000   3/18/2015  USD    3.400
Lehman Brothers Treasur   8.000   3/21/2018  USD    2.571
Lehman Brothers Treasur   4.000   3/10/2011  EUR    2.571
Kaupthing ehf             7.625   2/28/2015  USD    0.250
Lehman Brothers Treasur   8.000   3/19/2012  USD    2.571
Lehman Brothers Treasur   6.000    3/4/2015  USD    2.571
Lehman Brothers Treasur   7.150   3/21/2013  USD    2.571
Lehman Brothers Treasur   7.600   1/31/2013  AUD    2.571
Lehman Brothers Treasur  10.000  10/23/2008  USD    2.571
Lehman Brothers Treasur   3.450   5/23/2013  USD    2.571
Lehman Brothers Treasur   5.500   4/23/2014  EUR    2.571
Lehman Brothers Treasur   9.000    5/6/2011  CHF    2.571
Lehman Brothers Treasur   7.000   4/24/2009  USD    2.571
Lehman Brothers Treasur  16.200   5/14/2009  USD    2.571
Lehman Brothers Treasur  10.600   4/22/2014  MXN    2.571
Lehman Brothers Treasur   4.600    8/1/2013  EUR    2.571
Lehman Brothers Treasur   5.550   3/12/2015  EUR    2.571
Lehman Brothers Treasur  12.400   6/12/2009  USD    2.571
Lehman Brothers Treasur   2.000   6/28/2011  EUR    2.571
Lehman Brothers Treasur  16.000   10/8/2008  CHF    2.571
Lehman Brothers Treasur   0.500  12/20/2017  AUD    2.571
Lehman Brothers Treasur   0.500  12/20/2017  USD    2.571
Lehman Brothers Treasur  13.000   2/16/2009  CHF    2.571
Lehman Brothers Treasur  10.000  10/22/2008  USD    2.571
Lehman Brothers Treasur   6.450   2/20/2010  AUD    2.571
Lehman Brothers Treasur   6.600   5/23/2012  AUD    2.571
Lehman Brothers Treasur  16.000  10/28/2008  USD    2.571
Lehman Brothers Treasur   1.000    5/9/2012  EUR    2.571
Lehman Brothers Treasur  10.000   5/22/2009  USD    2.571
Lehman Brothers Treasur   8.000   5/22/2009  USD    2.571
Lehman Brothers Treasur  15.000    6/4/2009  CHF    2.571
Kaupthing ehf             5.063   5/10/2045  ISK    0.250
Lehman Brothers Treasur  17.000    6/2/2009  USD    2.571
Lehman Brothers Treasur   5.000  11/22/2012  EUR    2.571
Lehman Brothers Treasur  23.300   9/16/2008  USD    2.571
Lehman Brothers Treasur   3.000    6/3/2010  EUR    2.571
Lehman Brothers Treasur   7.600   5/21/2013  USD    2.571
Lehman Brothers Treasur  10.000   6/17/2009  USD    2.571
SG Issuer SA              6.800    1/6/2020  USD   57.750



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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 2020.  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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