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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 7, 2022, Vol. 23, No. 21

                           Headlines



F R A N C E

VALLOUREC SA: S&P Reinstates 'B' Rating on Comm. Paper Program


G E R M A N Y

DIC ASSET: S&P Affirms 'BB+' Long-Term ICR, Outlook Stable


G R E E C E

CRYSTAL ALMOND: Fitch Withdraws 'B' Ratings After Sale to United
GREECE: Plans to Repay Remaining IMF Bailout Loans Early


I R E L A N D

AVOCA CLO XV: Moody's Ups Rating on EUR13.5MM Cl. F-R Notes to B1
BILBAO CLO IV: Fitch Assigns B-(EXP) Rating to Class E Tranche
CARLYLE GLOBAL 2015-2: Fitch Assigns B-(EXP) Rating to E-R Notes
CIFC EUROPEAN II: Fitch Raises Class F Notes to 'B'
FINANCE IRELAND NO. 4: S&P Assigns B- (sf) Rating on Class X Notes

MADISON PARK VIII: Moody's Affirms B3 Rating on EUR11.5MM F Notes
MADISON PARK VIII: S&P Affirms B- (sf) Rating on Class F Notes
MALLINCKRODT PLC: Set for Examinership in High Court Within Days
PALMER SQUARE 2022-1: Fitch Assigns BB+(EXP) Rating on 2 Tranches
VOYA EURO I: Moody's Hikes Rating on EUR9.8MM Class F Notes to B1



R O M A N I A

GARANTI BANK: Fitch Affirms 'BB-' LT IDR, Alters Outlook to Stable


S P A I N

INTERNATIONAL PARK: S&P Upgrades ICR to 'B-' on Trading Recovery


U N I T E D   K I N G D O M

ALEXANDRA NURSING: Put Up for Sale Following Administration
CF INDUSTRIES: Bondholder Deal Clears Path for UK Restructuring
NEW LOOK: Weymouth Branch Shut Doors After Ousted by Landlord
[*] UK: Corporate Insolvencies Up 20% to 1,486 in December 2021


X X X X X X X X

[*] BOND PRICING: For the Week January 31 to February 4, 2022

                           - - - - -


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F R A N C E
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VALLOUREC SA: S&P Reinstates 'B' Rating on Comm. Paper Program
--------------------------------------------------------------
S&P Global Ratings said it corrected by reinstating its 'B' rating
on Vallourec S.A.'s EUR1 billion commercial paper program. S&P had
mistakenly withdrawn the rating on July 1, 2021.




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G E R M A N Y
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DIC ASSET: S&P Affirms 'BB+' Long-Term ICR, Outlook Stable
----------------------------------------------------------
S&P Global Ratings affirmed its 'BB+' long-term issuer credit
rating on DIC Asset AG and its ratings on the company's senior
unsecured debt.

The stable outlook reflects S&P's view that DIC will maintain its
credit ratios within thresholds for the rating, independently of
the result of the proposed transaction, with EBITDA interest
coverage well above 2.4x and debt to debt plus equity at less than
55%.

DIC's planned bid for 51% of VIB would enlarge the company and
increase its diversification. Pro forma the acquisition, the
combined portfolio would amount to about EUR3.6 billion, consisting
of 208 properties across Germany. The transaction would lead to an
increase in portfolio size for DIC by about 70%, and the company's
segment diversification would improve, with offices accounting for
about 40.9% of the combined portfolio value (compared with 69.5%
currently), logistic assets increasing to about 30.6% (2.4%), and
retail exposure being broadly stable at around 18% (13.3%). The
remaining exposure is to mixed-use assets. S&P said, "We would view
the higher weight of logistic assets in the combined portfolio as
favorable, given the strong demand for that asset type given
growing e-commerce and limited new supply. The vacancy in VIB's
portfolio is also lower with 1.2% compared with DIC's 6.5% on Sept.
30, 2021, improving slightly the overall vacancy to 4.3%. We
understand that the combined portfolio would also improve the
tenant base, with the top 10 tenants accounting for 26.6% from
37.3% currently. The largest exposure would be to German
Garden-Center Dehner, accounting for only 3.8% of total annual
rental income. But we understand that this exposure would also be
spread across several rental agreements, be very diversified, and
represent a minor portion of DIC's total rental income. The average
lease maturity would be broadly unchanged at 5.7 years."

S&P said, "We view the large share owned by minority interest
shareholders in VIB as a risk for DIC fully and freely accessing
the acquired portfolio. Besides the positive implications for the
group's total portfolio, we believe the transaction may not be
transformative for its business risk assessment, given the
uncertainty around DIC's final stake in VIB, as VIB's shareholding
base is currently fragmented (no single shareholder holds more than
5% after DIC) and hence, could limit DIC's control of VIB in case
of low acceptance level. Even if DIC were to gain control of VIB
after the transaction, we understand it would likely be limited to
51% and due to the absence of a profit and loss transfer agreement,
full access to VIB's cash flow base by DIC might be limited.
Although we view positively the diluted share of its institutional
business to about 24% of EBITDA compared with 35% in2021, the
exposure to fee income remains less resilient compared with rental
income.

"We expect DIC to maintain its credit metrics within the rating
thresholds.Including the planned transaction and assuming a
successful transaction, we expect cash outflow to amount around
EUR731 million. We understand that the transaction will be funded
with available cash of about EUR281 million and a signed bridge
facility of EUR450 million, the latter being refinanced in the
following months with a 10% equity increase of DIC and debt. In
addition, we factor in DIC's intention to sell assets by year-end
to stabilize its credit metrics. In our updated base-case scenario,
we assume the company will maintain debt to debt plus equity of
below 55% (specifically, 50%-53% depending on the pace of
disposals), a solid interest coverage of close to 4% and debt to
EBITDA of about 11x in 2022. We further expect it will take the
necessary steps to maintain its credit metrics within those ranges
should the uptake in VIB would be less than 51% or the company not
be consolidated in DIC's financial statements. Our rating
assessment also views positively the company's publicly announced
financial policy with a medium-term loan-to-value target of below
45% (including only the owned yielding commercial portfolio;
translating into S&P Global Ratings-adjusted debt to debt plus
equity of close to 50%). DIC's cost of debt stood at 1.8% and the
average debt maturity length at 4.4 years. We understand VIB's
funding metrics are similar.

"We continue to view DIC's liquidity as adequate pro forma the
acquisition.We understand the company has signed a bridge facility,
to fund the transaction. In addition, we understand that the
company has a back-up facility for VIB's total debt to cover any
potential execution of change of control clauses of the target
debt. DIC has a large cash position of over EUR500 million and
about EUR230 million of committed net proceeds from the sale of the
Uptown Tower in Munich to be received in the next weeks. This
covers well its short-term debt maturities of about EUR264 million
for the next 12 months. In addition, DIC has sufficient headroom
(more than 10%) under its financial covenants, including the
recently signed bridge facility, and we expect the company to
maintain similar headroom.

"We base the stable outlook on our view that DIC's income from
asset and property management, including rents, will generate
stable cash flow over the next 12 months. We expect the company
will withstand the pandemic's negative impact through its long
lease terms, its exposure to public tenants, and continuous growth
in its commercial real estate investments in and around Germany's
metropolitan cities, with stable market fundamentals. We believe
that pro forma the takeover of VIB, DIC's portfolio will benefit
from an increased geographic diversification across Germany and
that the increased exposure to the logistic segment should support
a growing and stable cash flow base, given the strong demand for
this asset class. In our base-case scenario, EBITDA interest
coverage will remain at 3x-4x and debt to debt plus equity will
stay at 50%-53% over the next 12 months. For the same period, we
assume debt to EBITDA will be around 11x."

S&P could lower the rating if:

-- DIC fails to keep debt to debt plus equity below 55%, for
instance following debt-financed acquisitions, the failure of the
planned equity increase for VIB's takeover, or if the company does
not manage to reduce leverage in line with our thresholds for the
rating post-transaction.

-- Debt to EBITDA increases above 13x--that is, the company would
suffer from a significant EBITDA drop due to a
stronger-than-expected market downturn.

-- Its EBITDA interest coverage declines to below 2.4x.

S&P could raise the rating if:

-- DIC enhances the scale and scope of its yielding portfolio and
real estate segments and locations with solid market fundamentals,
similar to rated commercial real estate peers in the lower
investment-grade category, while vacancy levels remain well below
10%, including any new growth;

-- Debt to debt plus equity declines below 45% while EBITDA
interest coverage remains at least 3x; and

-- Debt to EBITDA decreases and stays below 9.5x.




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G R E E C E
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CRYSTAL ALMOND: Fitch Withdraws 'B' Ratings After Sale to United
----------------------------------------------------------------
Fitch Ratings has withdrawn Crystal Almond Intermediary Holdings
Limited's (Wind Hellas) Long-Term Foreign-Currency Issuer Default
Rating (IDR) of 'B' and senior secured rating of 'B' with Recovery
Rating 'RR4'. The ratings remained on Rating Watch Evolving at
withdrawal.

Wind Hellas's ultimate parent Crystal Almond Holdings Limited has
sold 100% of Crystal Almond Intermediary Holdings Limited to United
Group. The latter is a telecommunications and media operator in
southeast Europe with operations across eight countries. Fitch does
not have visibility on Wind Hellas's capital structure and United
Group's strategy and hence cannot resolve the rating watch.

The ratings have been withdrawn for commercial purposes. Fitch will
no longer provide ratings or analytical coverage of Wind Hellas.

KEY RATING DRIVERS

No longer relevant as the ratings have been withdrawn.

KEY ASSUMPTIONS

No longer relevant as the ratings have been withdrawn.

RATING SENSITIVITIES

No longer relevant as the ratings have been withdrawn.

BEST/WORST CASE RATING SCENARIO

International scale credit ratings of Non-Financial Corporate
issuers have a best-case rating upgrade scenario (defined as the
99th percentile of rating transitions, measured in a positive
direction) of three notches over a three-year rating horizon; and a
worst-case rating downgrade scenario (defined as the 99th
percentile of rating transitions, measured in a negative direction)
of four notches over three years. The complete span of best- and
worst-case scenario credit ratings for all rating categories ranges
from 'AAA' to 'D'. Best- and worst-case scenario credit ratings are
based on historical performance.

LIQUIDITY AND DEBT STRUCTURE

No longer relevant, as the rating has been withdrawn

ISSUER PROFILE

Wind Hellas is Greece's third-largest mobile telecom operator. The
company also provides fixed telephony, broadband and pay-TV
services.

ESG CONSIDERATIONS

Unless otherwise disclosed in this section, the highest level of
ESG credit relevance is a score of '3'. This means ESG issues are
credit-neutral or have only a minimal credit impact on the entity,
either due to their nature or the way in which they are being
managed by the entity.

Following the withdrawal of the ratings for Wind Hellas Fitch will
no longer be providing the associated ESG relevance scores.

GREECE: Plans to Repay Remaining IMF Bailout Loans Early
--------------------------------------------------------
Lefteris Papadimas at Reuters reports that Greece plans to repay
more than EUR7 billion in loans from the International Monetary
Fund and eurozone partners in the next two months, paying down the
rest of the IMF funds it borrowed to prevent bankruptcy during the
financial crisis, two officials said.

The officials, who spoke on condition of anonymity, told Reuters on
Feb. 3 the Treasury would repay EUR1.8 billion (US$2.03 billion) in
IMF loans ahead of schedule, the last batch of a total EUR28
billion the lender provided in two bailouts between 2010 and 2014.

In addition, it would repay some EUR5.3 billion in loans from
Greece's eurozone partners expiring in 2022 and 2023 by the end of
the first quarter, Reuters discloses.

"We plan to complete the repayment in the next two months," one
official told Reuters.

"This will help us reduce our debt to GDP ratio.  It will also send
a signal to the markets that the Greek economy is strong and
healthy," a second official added, notes the report.

Athens needed three international bailouts from the European Union
and the IMF between 2010 and 2015, totalling more than EUR260
billion, Reuters states.  Since exiting the bailouts in 2018, it
has relied solely on the markets for its financing needs, Reuters
notes.

Greece repaid about EUR6 billion to the IMF ahead of schedule in
2019 and 2021 and has EUR1.8 billion in outstanding loans due by
2024, Reuters recounts.

It started paying off the first bailout loans to its euro zone
partners last year and wants to speed up the pace, according to
Reuters.




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I R E L A N D
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AVOCA CLO XV: Moody's Ups Rating on EUR13.5MM Cl. F-R Notes to B1
-----------------------------------------------------------------
Moody's Investors Service has upgraded the ratings on the following
notes issued by Avoca CLO XV Designated Activity Company:

EUR9,000,000 Class B-1R Senior Secured Fixed Rate Notes due 2031,
Upgraded to Aaa (sf); previously on Feb 20, 2018 Definitive Rating
Assigned Aa2 (sf)

EUR44,500,000 Class B-2R Senior Secured Floating Rate Notes due
2031, Upgraded to Aaa (sf); previously on Feb 20, 2018 Definitive
Rating Assigned Aa2 (sf)

EUR29,000,000 Class C-R Deferrable Mezzanine Floating Rate Notes
due 2031, Upgraded to Aa3 (sf); previously on Feb 20, 2018
Definitive Rating Assigned A2 (sf)

EUR26,500,000 Class D-R Deferrable Mezzanine Floating Rate Notes
due 2031, Upgraded to Baa1 (sf); previously on Feb 20, 2018
Definitive Rating Assigned Baa2 (sf)

EUR13,500,000 Class F-R Deferrable Junior Floating Rate Notes due
2031, Upgraded to B1 (sf); previously on Feb 20, 2018 Definitive
Rating Assigned B2 (sf)

Moody's has also affirmed the ratings on the following notes:

EUR309,500,000 Class A-R Senior Secured Floating Rate Notes due
2031, Affirmed Aaa (sf); previously on Feb 20, 2018 Definitive
Rating Assigned Aaa (sf)

EUR34,000,000 Class E-R Deferrable Junior Floating Rate Notes due
2031, Affirmed Ba2 (sf); previously on Feb 20, 2018 Definitive
Rating Assigned Ba2 (sf)

RATINGS RATIONALE

Avoca CLO XV Designated Activity Company issued in November 2015
and reset in February 2018, is a collateralised loan obligation
(CLO) backed by a portfolio of mostly high-yield senior secured
European loans. The portfolio is managed by KKR Credit Advisors
(Ireland) Unlimited Company. The transaction's reinvestment period
will end in April 2022.

The rating upgrades on the Class B-1R, B-2R, C-R, D-R and F-R Notes
are primarily a result of the transaction benefitting from the
shorter period of time remaining before the end of the reinvestment
period in April 2022.

The affirmations on the ratings on the Class A-R and E-R Notes are
primarily a result of the expected losses on the notes remaining
consistent with their current rating levels, after taking into
account the CLO's latest portfolio, its relevant structural
features and its actual over-collateralisation ratios.

In light of reinvestment restrictions during the amortisation
period, and therefore the limited ability to effect significant
changes to the current collateral pool, Moody's analysed the deal
assuming a higher likelihood that the collateral pool
characteristics would maintain an adequate buffer relative to
certain covenant requirements. In particular, Moody's assumed that
the deal will benefit from a shorter WAL than it had assumed at the
last rating action in February 2018.

The key model inputs Moody's uses in its analysis, such as par,
weighted average rating factor, diversity score and the weighted
average recovery rate, are based on its published methodology and
could differ from the trustee's reported numbers.

In its base case, Moody's used the following assumptions:

Performing par: EUR500,243,839.04

Diversity Score: 64

Weighted Average Rating Factor (WARF): 2862

Weighted Average Life (WAL): 4.75 years

Weighted Average Spread (WAS) (before accounting for Euribor
floors): 3.59%

Weighted Average Coupon (WAC): 4.56%

Weighted Average Recovery Rate (WARR): 45.60%

Par haircut in OC tests and interest diversion test: None

The default probability derives from the credit quality of the
collateral pool and Moody's expectation of the remaining life of
the collateral pool. The estimated average recovery rate on future
defaults is based primarily on the seniority of the assets in the
collateral pool. In each case, historical and market performance
and a collateral manager's latitude to trade collateral are also
relevant factors. Moody's incorporates these default and recovery
characteristics of the collateral pool into its cash flow model
analysis, subjecting them to stresses as a function of the target
rating of each CLO liability it is analysing.

Methodology Underlying the Rating Action:

The principal methodology used in these ratings was "Moody's Global
Approach to Rating Collateralized Loan Obligations" published in
December 2021.

Counterparty Exposure:

The rating action took into consideration the notes' exposure to
relevant counterparties, such as account bank, using the
methodology "Moody's Approach to Assessing Counterparty Risks in
Structured Finance" published in May 2021. Moody's concluded the
ratings of the notes are not constrained by these risks.

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

This transaction is subject to a high level of macroeconomic
uncertainty, which could negatively affect the ratings on the note,
in light of uncertainty about credit conditions in the general
economy. In particular, the length and severity of the economic and
credit shock precipitated by the global coronavirus pandemic will
have a significant impact on the performance of the securities. CLO
notes' performance may also be impacted either positively or
negatively by: (1) the manager's investment strategy and behaviour
and (2) divergence in the legal interpretation of CDO documentation
by different transactional parties because of embedded
ambiguities.

Additional uncertainty about performance is due to the following:

Weighted average life: The notes' ratings are sensitive to the
weighted average life assumption of the portfolio, which could
lengthen as a result of the manager's decision to reinvest in new
issue loans or other loans with longer maturities, or participate
in amend-to-extend offerings. Moody's tested for a possible
extension of the actual weighted average life in its analysis. The
effect on the ratings of extending the portfolio's weighted average
life can be positive or negative depending on the notes' seniority.

BILBAO CLO IV: Fitch Assigns B-(EXP) Rating to Class E Tranche
--------------------------------------------------------------
Fitch Ratings has assigned Bilbao CLO IV DAC expected ratings.

DEBT                            RATING
----                            ------
Bilbao CLO IV DAC

A-1                  LT AAA(EXP)sf   Expected Rating
A-2A                 LT AA(EXP)sf    Expected Rating
A-2B                 LT AA(EXP)sf    Expected Rating
B                    LT A(EXP)sf     Expected Rating
C                    LT BBB-(EXP)sf  Expected Rating
D                    LT BB-(EXP)sf   Expected Rating
E                    LT B-(EXP)sf    Expected Rating
Subordinated Notes   LT NRsf         New Rating

TRANSACTION SUMMARY

This is a securitisation of mainly senior secured loans (at least
90%) with a component of senior unsecured, mezzanine, and
second-lien loans. The note proceeds are expected to fund a
portfolio with a target par of EUR400 million. The portfolio will
be actively managed by the portfolio manager, Guggenheim Partners
Europe Limited. The CLO has a five-year reinvestment period and a
nine-year weighted average life (WAL).

KEY RATING DRIVERS

Average Portfolio Credit Quality (Neutral): Fitch places the
average credit quality of obligors in the 'B'/'B-' category. The
Fitch weighted average rating factor (WARF) of the identified
portfolio is 25.7.

High Recovery Expectations (Positive): At least 90% of the
portfolio will comprise senior secured obligations. Fitch views the
recovery prospects for these assets as more favourable than for
second-lien, unsecured and mezzanine assets. The Fitch weighted
average recovery rate (WARR) of the identified portfolio is 60.8%.

Diversified Asset Portfolio (Positive): The expected rating
analysis is based on a top 10 obligor limit at 20.0%, and a maximum
fixed rate asset limit at 7.5%. The transaction also includes
various concentration limits, including the maximum exposure to the
three largest (Fitch-defined) industries in the portfolio at 40%.
These covenants ensure the asset portfolio will not be exposed to
excessive concentration.

Portfolio Management (Neutral): The transaction has a five-year
reinvestment period and includes reinvestment criteria similar to
those of other European transactions. Fitch's analysis is based on
a stressed-case portfolio with the aim of testing the robustness of
the transaction structure against its covenants and portfolio
guidelines.

Cash Flow Modelling (Positive): The WAL used for the transaction
stress portfolio and matrices analysis is 12 months less than the
WAL covenant to account for structural and reinvestment conditions
after the reinvestment period, including the satisfaction of the
overcollateralisation tests and Fitch 'CCC' limit, together with a
linearly decreasing WAL covenant. In the agency's opinion, these
conditions would reduce the effective risk horizon of the portfolio
during stress periods.

RATING SENSITIVITIES

Factors that could, individually or collectively, lead to negative
rating action/downgrade:

-- A 25% increase of the mean default rate (RDR) across all
    ratings and a 25% decrease of the recovery rate (RRR) across
    all ratings would result in downgrades of up to four notches.

-- Downgrades may occur if the build-up of credit enhancement
    following amortisation does not compensate for a larger loss
    expectation than initially assumed due to unexpectedly high
    levels of defaults and portfolio deterioration.

Factors that could, individually or collectively, lead to positive
rating action/upgrade:

-- A 25% reduction of the mean RDR across all ratings and a 25%
    increase in the RRR across all ratings would result in
    upgrades of up to five notches across the structure except for
    'AAAsf' rated notes, which are already at the highest rating
    on Fitch's scale and cannot be upgraded.

-- After the end of the reinvestment period, upgrades may occur
    on better-than-expected portfolio credit quality and deal
    performance, leading to higher credit enhancement and excess
    spread available to cover for losses in the remaining
    portfolio.

BEST/WORST CASE RATING SCENARIO

International scale credit ratings of Structured Finance
transactions have a best-case rating upgrade scenario (defined as
the 99th percentile of rating transitions, measured in a positive
direction) of seven notches over a three-year rating horizon; and a
worst-case rating downgrade scenario (defined as the 99th
percentile of rating transitions, measured in a negative direction)
of seven notches over three years. The complete span of best- and
worst-case scenario credit ratings for all rating categories ranges
from 'AAAsf' to 'Dsf'. Best- and worst-case scenario credit ratings
are based on historical performance.

DATA ADEQUACY

Bilbao CLO IV DAC

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

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

Overall, and together with any assumptions referred to above,
Fitch's assessment of the information relied upon for the agency's
rating analysis according to its applicable rating methodologies
indicates that it is adequately reliable.

CARLYLE GLOBAL 2015-2: Fitch Assigns B-(EXP) Rating to E-R Notes
----------------------------------------------------------------
Fitch Ratings has assigned Carlyle Global Market Strategies Euro
CLO 2015-2 DAC's refinancing notes expected ratings.

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

DEBT                     RATING
----                     ------
Carlyle Global Market Strategies Euro CLO 2015-2 DAC

A-1-RR        LT AAA(EXP)sf   Expected Rating
A-2A-RR       LT AA(EXP)sf    Expected Rating
A-2B-RR       LT AA(EXP)sf    Expected Rating
B-RR          LT A(EXP)sf     Expected Rating
C-RR          LT BBB-(EXP)sf  Expected Rating
D-RR          LT BB-(EXP)sf   Expected Rating
E-R           LT B-(EXP)sf    Expected Rating
Sub Notes-R   LT NR(EXP)sf    Expected Rating

TRANSACTION SUMMARY

Carlyle Global Market Strategies Euro CLO 2015-2 DAC is a
securitisation of mainly senior secured obligations (at least 90%)
with a component of corporate rescue loans, senior unsecured,
mezzanine, second-lien loans and high-yield bonds. Net proceeds
from the note issuance will be used to redeem the outstanding rated
notes and to fund a portfolio with a target size of EUR400 million.
The portfolio is managed by CELF Advisors LLP (part of The Carlyle
Group LP). The collateralised loan obligation (CLO) envisages a
4.7-year reinvestment period and an 8.7-year weighted average life
(WAL).

KEY RATING DRIVERS

Average Portfolio Credit Quality (Neutral): Fitch assesses the
average credit quality of obligors to be in the 'B'/'B-' category.
The Fitch weighted average rating factor (WARF) of the identified
portfolio is 26.5.

Strong Recovery Expectation (Positive): At least 90% of the
portfolio will comprise senior secured obligations. Fitch views the
recovery prospects for these assets as more favourable than for
second-lien, unsecured and mezzanine assets. The Fitch weighted
average recovery rate (WARR) of the identified portfolio is 62.8%.

Diversified Portfolio (Positive): The indicative maximum exposure
of the 10-largest obligors for assigning the expected ratings is
20%. The transaction also includes various concentration limits,
including the maximum exposure to the three-largest Fitch-defined
industries in the portfolio at 40%. These covenants ensure that the
asset portfolio will not be exposed to excessive concentration.

Portfolio Management (Neutral): The transaction has a 4.7-year
reinvestment period and includes reinvestment criteria similar to
those of other European transactions. Fitch's analysis is based on
a stressed-case portfolio with the aim of testing the robustness of
the transaction structure against its covenants and portfolio
guidelines.

Cash flow Modelling (Positive): The WAL used for the transaction
stressed portfolio is 12 months less than the WAL covenant, to
account for strict reinvestment conditions after the reinvestment
period, including the over-collateralisation and Fitch 'CCC' limit
tests, together with a linearly decreasing WAL covenant. In the
agency's opinion, these conditions reduce the effective risk
horizon of the portfolio during stress periods.

RATING SENSITIVITIES

Factors that could, individually or collectively, lead to negative
rating action/downgrade:

-- A 25% increase of the mean default rate (RDR) across all
    ratings and a 25% decrease of the recovery rate (RRR) across
    all ratings would result in downgrades of up to five notches
    across the structure.

-- Downgrades may occur if the build-up of the notes' credit
    enhancement following amortisation does not compensate for a
    larger loss expectation than initially assumed, due to
    unexpectedly high levels of defaults and portfolio
    deterioration.

Factors that could, individually or collectively, lead to positive
rating action/upgrade:

-- A 25% reduction of the mean RDR across all ratings and a 25%
    increase in the RRR across all ratings would result in
    upgrades of no more than five notches across the structure,
    apart from the class A-1-RR notes, which are already at the
    highest rating on Fitch's scale and cannot be upgraded.

-- After the end of the reinvestment period, upgrades may occur
    on better-than-expected portfolio credit quality and deal
    performance, leading to higher credit enhancement and excess
    spread available to cover losses in the remaining portfolio.

BEST/WORST CASE RATING SCENARIO

International scale credit ratings of Structured Finance
transactions have a best-case rating upgrade scenario (defined as
the 99th percentile of rating transitions, measured in a positive
direction) of seven notches over a three-year rating horizon; and a
worst-case rating downgrade scenario (defined as the 99th
percentile of rating transitions, measured in a negative direction)
of seven notches over three years. The complete span of best- and
worst-case scenario credit ratings for all rating categories ranges
from 'AAAsf' to 'Dsf'. Best- and worst-case scenario credit ratings
are based on historical performance.

DATA ADEQUACY

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

The majority of the underlying assets or risk-presenting entities
have ratings or credit opinions from Fitch and/or other nationally
recognised statistical rating organisations and/or European
securities and markets authority-registered rating agencies. Fitch
has relied on the practices of the relevant groups within Fitch
and/or other rating agencies to assess the asset portfolio
information or information on the risk-presenting entities.

Overall, and together with any assumptions referred to above,
Fitch's assessment of the information relied upon for the agency's
rating analysis according to its applicable rating methodologies
indicates that it is adequately reliable.

CIFC EUROPEAN II: Fitch Raises Class F Notes to 'B'
---------------------------------------------------
Fitch Ratings has upgraded CIFC European Funding CLO II DAC's class
D and F notes and affirmed the class A, B-1, B-2, C and E notes.
The class B-1 through F notes have been removed from Under Criteria
Observation and the Rating Outlook on all notes remains Stable.

    DEBT                RATING           PRIOR
    ----                ------           -----
CIFC European Funding CLO II DAC

A XS2125922422     LT AAAsf  Affirmed    AAAsf
B-1 XS2125923156   LT AAsf   Affirmed    AAsf
B-2 XS2125923743   LT AAsf   Affirmed    AAsf
C XS2125924550     LT Asf    Affirmed    Asf
D XS2125925102     LT BBBsf  Upgrade     BBB-sf
E XS2125925953     LT BBsf   Affirmed    BBsf
F XS2125926175     LT Bsf    Upgrade     B-sf

TRANSACTION SUMMARY

CIFC European Funding CLO II DAC is a cash flow collateralized loan
obligation (CLO) comprised of mostly senior secured obligations.
The transaction is actively managed by CIFC CLO Management II LLC
and will exit its reinvestment period in October 2024.

KEY RATING DRIVERS

CLO Criteria Update: The rating actions mainly reflect the impact
of Fitch's recently updated CLOs and Corporate CDOs Rating
Criteria, and the shorter risk horizon incorporated in Fitch's
updated stressed portfolio analysis. The analysis considered cash
flow modelling results for the stressed portfolio based on the Jan.
5, 2022 trustee report.

Fitch's updated analysis applied the agency's collateral quality
matrix specified in the transaction documentation. The transaction
has four matrices, based on 15% and 21% top 10 obligor
concentration limits and 0% and 10% fixed rate assets. Fitch
analyzed the matrices specifying the 15% top 10 obligor limit and
0% and 10% fixed rate assets as the agency viewed these as the most
relevant. Fitch also applied a haircut of 1.5% to the weighted
average recovery rate (WARR), as the calculation of the WARR in
transaction documentation reflects an earlier version of Fitch's
CLO criteria.

The Stable Outlooks on each class of notes reflect Fitch's
expectation that the classes have sufficient levels of credit
protection to withstand potential deterioration in the credit
quality of the portfolio in stress scenarios commensurate with such
class's rating.

Deviation from Model-Implied Ratings: The rating actions for all
notes, except for the class A notes, are one notch lower than the
model-implied ratings produced from Fitch's updated stressed
portfolio analysis for all classes of notes. The deviation reflects
the remaining long reinvestment period until October 2024, during
which the portfolio can change significantly due to reinvestment or
negative portfolio migration.

Stable Asset Performance: The transaction metrics indicate stable
asset performance. The transaction is passing all coverage tests,
collateral quality tests, and portfolio profile tests. Exposure to
assets with a Fitch-derived rating (FDR) of 'CCC+' and below is
2.2% excluding non-rated assets, as calculated by Fitch.

'B' Portfolio: Fitch assesses the average credit quality of the
transaction's underlying obligors in the 'B' category. The WARF, as
calculated by the trustee, was 32.4, which is below the maximum
covenant of 33.0. The WARF, as calculated by Fitch under the
updated criteria, was 24.0.

High Recovery Expectations: Senior secured obligations comprise
98.6% of the portfolio as calculated by the trustee. Fitch views
the recovery prospects for these assets as more favorable than for
second-lien, unsecured and mezzanine assets. The Fitch WARR
reported by the trustee was 65.3%, against the covenant at 65.0%.

Diversified Portfolio: The portfolio is well-diversified across
obligors, countries and industries. The top 10 obligor
concentration is 12.5%, and no obligor represents more than 1.3% of
the portfolio balance, as reported by the trustee.

RATING SENSITIVITIES

Factors that could, individually or collectively, lead to negative
rating action/downgrade:

-- An increase of the rating default rate (RDR) at all rating
    levels by 25% of the mean RDR and a decrease of the rating
    recovery rate (RRR) by 25% at all rating levels in the
    stressed portfolio will result in downgrades of up to two
    notches, depending on the notes;

-- Downgrades may occur if the build-up of the notes' credit
    enhancement (CE) does not compensate for a larger loss
    expectation than initially assumed due to unexpectedly high
    levels of defaults and portfolio deterioration.

Factors that could, individually or collectively, lead to positive
rating action/upgrade:

-- A reduction of the RDR at all rating levels by 25% of the mean
    RDR and an increase in the RRR by 25% at all rating levels in
    the stressed portfolio would result in an upgrade of up to
    four notches, depending on the notes;

-- Except for the tranches already at the highest 'AAAsf' rating,
    upgrades may occur in the case of better than expected
    portfolio credit quality and deal performance that leads to
    higher CE and excess spread available to cover losses in the
    remaining portfolio.

BEST/WORST CASE RATING SCENARIO

International scale credit ratings of Structured Finance
transactions have a best-case rating upgrade scenario (defined as
the 99th percentile of rating transitions, measured in a positive
direction) of seven notches over a three-year rating horizon; and a
worst-case rating downgrade scenario (defined as the 99th
percentile of rating transitions, measured in a negative direction)
of seven notches over three years. The complete span of best- and
worst-case scenario credit ratings for all rating categories ranges
from 'AAAsf' to 'Dsf'. Best- and worst-case scenario credit ratings
are based on historical performance.

DATA ADEQUACY

CIFC European Funding CLO II DAC

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

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

Overall, and together with any assumptions referred to above,
Fitch's assessment of the information relied upon for the agency's
rating analysis according to its applicable rating methodologies
indicates that it is adequately reliable.

FINANCE IRELAND NO. 4: S&P Assigns B- (sf) Rating on Class X Notes
------------------------------------------------------------------
S&P Global Ratings assigned credit ratings to Finance Ireland RMBS
No. 4 DAC's class A, class B-Dfrd to F-Dfrd, and class X-Dfrd
notes. At closing, the issuer will also issue unrated class Y, Z,
R1, and R2 notes.

Finance Ireland RMBS No. 4 is a static RMBS transaction that
securitizes a portfolio of EUR339.29 million owner-occupied
mortgage loans secured on properties in Ireland.

This transaction is very similar to its predecessor, Finance
Ireland RMBS No. 3.

The loans in the pool were originated between 2016 and 2021 by
Finance Ireland Credit Solutions DAC and Pepper Finance Corp. DAC.
Finance Ireland is a nonbank specialist lender, which purchased the
Pepper Finance Residential Mortgage business in 2018.

The collateral comprises prime borrowers, and there is a high
exposure to first-time buyers. All the loans have been originated
relatively recently and thus under the Irish Central Bank's
mortgage lending rules limiting leverage and affordability.

The transaction benefits from liquidity provided by a general
reserve fund, and in the case of the class A notes, a class A
liquidity reserve fund.

Principal can be used to pay senior fees and interest on the notes
subject to various conditions.

Credit enhancement for the rated notes will consist of
subordination and the general reserve fund from the closing date.
The class A liquidity reserve can also ultimately provide
additional enhancement subject to certain conditions.

The transaction incorporates a swap to hedge the mismatch between
the notes, which pay a coupon based on the three-month EURIBOR, and
the loans, which pay fixed-rate interest before reversion.

The issuer used the issuance proceeds to purchase the full
beneficial interest in the mortgage loans from the seller. The
issuer granted security over all its assets in favor of the
security trustee.

There are no rating constraints in the transaction under S&P's
counterparty, operational risk, or structured finance sovereign
risk criteria. It considers the issuer to be bankruptcy remote.

  Ratings

  CLASS    RATING    CLASS SIZE (EUR)

  A        AAA (sf)     283,310,000
  Y        NR                 5,000
  B-Dfrd   AA (sf)       21,200,000
  C-Dfrd   A (sf)        11,020,000
  D-Dfrd   BBB+ (sf)     10,170,000
  E-Dfrd   BBB- (sf)      5,930,000
  F-Dfrd   BB+ (sf)       3,390,000
  Z        NR             4,274,000
  X-Dfrd   B- (sf)        7,600,000
  R1       NR                10,000
  R2       NR                10,000

  NR--Not rated.


MADISON PARK VIII: Moody's Affirms B3 Rating on EUR11.5MM F Notes
-----------------------------------------------------------------
Moody's Investors Service announced that it has assigned the
following definitive ratings to refinancing notes issued by Madison
Park Euro Funding VIII DAC (the "Issuer"):

EUR287,500,000 Class A-R Senior Secured Floating Rate Notes due
2032, Definitive Rating Assigned Aaa (sf)

EUR27,600,000 Class C-R Senior Secured Deferrable Floating Rate
Notes due 2032, Definitive Rating Assigned A2 (sf)

EUR29,900,000 Class D-R Senior Secured Deferrable Floating Rate
Notes due 2032, Definitive Rating Assigned Baa3 (sf)

At the same time, Moody's affirmed the outstanding notes which have
not been refinanced:

EUR48,300,000 Class B Senior Secured Floating Rate Notes due 2032,
Affirmed Aa2 (sf); previously on Feb 26, 2021 Affirmed Aa2 (sf)

EUR23,000,000 Class E Senior Secured Deferrable Floating Rate
Notes due 2032, Affirmed Ba3 (sf); previously on Feb 26, 2021
Affirmed Ba3 (sf)

EUR11,500,000 Class F Senior Secured Deferrable Floating Rate
Notes due 2032, Affirmed B3 (sf); previously on Feb 26, 2021
Upgraded to B3 (sf)

RATINGS RATIONALE

The rationale for the ratings is based on a consideration of the
risks associated with the CLO's portfolio and structure as
described in Moody's methodology.

Moody's rating affirmations of the Class B Notes, Class E Notes,
and Class F Notes are a result of the refinancing, which has no
impact on the ratings of the notes.

As part of this refinancing, the Issuer has extended the weighted
average life by twelve months to 7.35 years. It has also amended
certain concentration definitions including the definition of
"Adjusted Weighted Average Rating Factor" and "Weighted Average
Moody's Recovery Rate" and minor features. In addition, the Issuer
has amended the base matrix and modifiers that Moody's has taken
into account for the assignment of the definitive ratings.

The Issuer is a managed cash flow CLO. At least 90% of the
portfolio must consist of secured senior loans or senior secured
bonds and up to 10% of the portfolio may consist of unsecured
senior loans, second-lien loans, high yield bonds and mezzanine
loans. The underlying portfolio is fully ramped as of the closing
date and comprises predominantly corporate loans to obligors
domiciled in Western Europe.

Credit Suisse Asset Management Limited ("Credit Suisse AM")
continues to manage the CLO. It will direct the selection,
acquisition and disposition of collateral on behalf of the Issuer
and may engage in trading activity, including discretionary
trading, during the transaction's 2.2-year reinvestment period.
Thereafter, subject to certain restrictions, purchases are
permitted using principal proceeds from unscheduled principal
payments and proceeds from sales of credit risk obligations and
credit improved obligations.

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

Methodology Underlying the Rating Action:

The principal methodology used in these ratings was "Moody's Global
Approach to Rating Collateralized Loan Obligations" published in
December 2021.

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

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

Moody's modeled the transaction using a cash flow model based on
the Binomial Expansion Technique, as described in Section 2.3 of
the "Moody's Global Approach to Rating Collateralized Loan
Obligations" rating methodology published in December 2021.

Moody's used the following base-case modeling assumptions:

Performing par and principal proceeds balance: EUR447,796,176

Defaulted Par: EUR7,960,270 as of January 6, 2022

Diversity Score: 56

Weighted Average Rating Factor (WARF): 3082

Weighted Average Spread (WAS): 3.70%

Weighted Average Coupon (WAC): 4.25%

Weighted Average Recovery Rate (WARR): 43.50%

Weighted Average Life (WAL): 6.35 years

MADISON PARK VIII: S&P Affirms B- (sf) Rating on Class F Notes
--------------------------------------------------------------
S&P Global Ratings assigned its credit ratings to Madison Park Euro
Funding VIII DAC's class A-R, C-R, and D-R notes. At the same time,
S&P affirmed its ratings on the existing class B, E, and F notes.

On Feb. 2, 2022, the issuer refinanced the original class A, C, and
D notes by issuing replacement notes of the same notional.

The replacement notes are largely subject to the same terms and
conditions as the original notes, except for the following:

-- The replacement notes have a lower spread over Euro Interbank
Offered Rate (EURIBOR) than the original notes.

-- The minimum weighted-average spread and weighted-average lift
test definition have been updated.

The ratings assigned to Madison Park Euro Funding VIII's refinanced
notes reflect S&P's assessment of:

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

-- The credit enhancement 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 is bankruptcy remote.

-- The transaction's counterparty risks, which are in line with
S&P's counterparty rating framework.

Under the transaction documents, the rated notes pay quarterly
interest unless there is a frequency switch event. Following this,
the notes will permanently switch to semiannual payment.

The portfolio's reinvestment period will end in April 2024.

S&P said, "In our cash flow analysis, we used the aggregate
collateral principal amount of EUR452.9 million, the actual
weighted-average spread, the actual weighted-average coupon, and
the actual weighted-average recovery rates at each rating for all
rating levels.

"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.

"Following this analysis, we consider that the available credit
enhancement for the class A-R notes is commensurate with a 'AAA'
rating. We have therefore assigned our 'AAA (sf)' rating to this
class of notes. Similarly, the available credit enhancement for the
class E notes is sufficient to maintain the currently assigned 'BB-
(sf)' rating.

"Our credit and cash flow analysis indicates that the available
credit enhancement for the class B, C-R, and D-R notes could
withstand stresses commensurate with higher ratings than those we
have assigned. However, as the CLO is still in its reinvestment
phase, during which the transaction's credit risk profile could
deteriorate, we have capped our assigned ratings on the notes. In
our view, the portfolio is granular in nature, and well-diversified
across obligors, industries, and assets.

"The class F notes' break-even default ratio (BDR) cushion at the
'B-' rating level is negative. Based on the portfolio's actual
characteristics and additional overlaying factors, including our
long-term corporate default rates and the class F notes' credit
enhancement, this class is able to sustain a steady-state scenario,
in accordance with our criteria." S&P's analysis further reflects
several factors, including:

-- The class F notes' available credit enhancement is in the same
range as that of other CLOs we have rated and that have recently
been issued in Europe.

-- S&P's model-generated portfolio BDR at the 'B-' rating level of
20.30% (for a portfolio with a weighted-average life of 4.52 years)
versus 14.01% if we were to consider a long-term sustainable
default rate of 3.1% for 4.52 years.

-- Whether the tranche is vulnerable to nonpayment in the near
future.

-- If there is a one-in-two chance for this note to default.

-- If S&P envisions this tranche to default in the next 12-18
months.

S&P said, "Following this analysis, we consider that the available
credit enhancement for the class F notes remains commensurate with
a 'B- (sf)' rating. We have therefore affirmed our rating on the
class F notes.

'In addition to the above, we also considered in our analysis the
principal redemption feature applicable to the class F notes (turbo
redemption). Via the turbo redemption, 20% of remaining interest
proceeds available before equity distribution are used to paydown
principal on these classes of notes." When giving credit to this
feature in S&P's cash flow analysis it considered the following:

-- Excess interest diverted since the reset date in December 2019,
resulting in a reduction of outstanding balance of these classes of
notes.

-- A doubling of senior expenses and modelling these as paid on a
timely basis (i.e. cannot be deferred). S&P also modelled junior
subordinated collateral manager fees as timely in our cash flow
analysis.

-- As S&P's cash flow stresses uses various interest rate stress
scenarios, it hsd observed in the past that an interest-rate-up
scenario may give more credit to turbo redemptions. For the class F
notes, the minimum BDR was driven by the interest-rate-down
scenario.

-- S&P was also comfortable to afford credit to turbo redemption
in its cash flow analysis for this CLO due to the limited scenarios
where interest proceeds could be leaked/used for other purposes
(e.g. paying capitalized interest to the portfolio manager for
previous deferred fees, repaying contributions [provided by the
contributors], interest being used to buy bankruptcy exchange
obligations, loss mitigation obligations etc.).

The Bank of New York Mellon, London Branch is the bank account
provider and custodian, while J.P. Morgan AG is the asset swap
counterparty. The documented downgrade remedies for both the bank
account and the custodian are in line with our counterparty
criteria. Although the replacement framework in the swap
documentation is in line with an earlier version of S&P's
counterparty criteria, it considers the structural features in the
transaction to be sufficient to mitigate any potential shortfalls
in collateral posting.

S&P said, "Following the application of our structured finance
sovereign risk criteria, we consider the transaction's exposure to
country risk to be limited at the assigned ratings, as the exposure
to individual sovereigns does not exceed the diversification
thresholds outlined in our criteria.

"The transaction's legal structure is bankruptcy remote, in line
with our legal criteria.

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

Madison Park Euro Funding VIII is a broadly syndicated CLO managed
by Credit Suisse Asset Management Ltd.

Environmental, social, and governance (ESG) factors

S&P said, "We regard the exposure to ESG credit factors in the
transaction as being broadly in line with our benchmark for the
sector. Primarily due to the diversity of the assets within CLOs,
the exposure to environmental credit factors is viewed as below
average, social credit factors are below average, and governance
credit factors are average. Given the original closing date of this
transaction (December 2019), the documents don't prohibit assets
from being related to certain activities, unlike what we would
typically see in more recent transactions we have rated.
Accordingly, although the transaction is not precluded from
purchasing assets in certain industries, it is not unusual for
transactions of this vintage and therefore does not result in
material differences between the transaction and our ESG benchmark
for the sector. We have not made any specific adjustments in our
rating analysis to account for any ESG-related risks or
opportunities."

  Ratings List

  RATINGS ASSIGNED

  CLASS    RATING   AMOUNT    REPLACEMENT   ORIGINAL    CURRENT
                   (MIL. EUR) NOTES         NOTES       SUB§ (%)
                              INTEREST      INTEREST    
                              RATE*         RATE*

  A-R      AAA (sf)  287.50   Three-month   Three-month   36.53
                              EURIBOR       EURIBOR
                              plus 0.82%    plus 0.95%

  C-R      A (sf)     27.60   Three-month   Three-month   19.77
                              EURIBOR       EURIBOR
                              plus 2.30%    plus 2.50%

  D-R      BBB (sf)   29.90   Three-month   Three-month   13.17
                              EURIBOR       EURIBOR
                              plus 3.70%    plus 4.65%


  RATINGS AFFIRMED

  CLASS    RATING     AMOUNT          NOTES INTEREST RATE*
                    (MIL. EUR)  

  B        AA (sf)    48.30       Three-month EURIBOR plus 1.70%
  E        BB- (sf)   23.00       Three-month EURIBOR plus 7.15%
  F        B- (sf)     8.93       Three-month EURIBOR plus 8.91%

*The payment frequency switches to semiannual and the index
switches to six-month EURIBOR when a frequency switch event occurs.

EURIBOR--Euro Interbank Offered Rate.
§Based on the aggregate collateral principal amount(performing
pool plus principal cash plus recovery on defaulted assets).


MALLINCKRODT PLC: Set for Examinership in High Court Within Days
----------------------------------------------------------------
Joe Brennan at The Irish Times reports that Mallinckrodt, the
Dublin-based but US-run drugmaker, is set for examinership in the
High Court within days as it seeks to copperfasten a debt
restructuring hammered out on the other side of the Atlantic.

The company filed for bankruptcy in Delaware as the company, with
US$5.3 billion (EUR4.63 billion) in long-term debt, was overwhelmed
by lawsuits accusing it of deceptively marketing opioids, The Irish
Times relates.

Under the protection of the US court, it agreed to a US$1.7 billion
settlement with 47 states and territories to resolve claims over
its role in the opioid crisis, The Irish Times discloses.

It also agreed to pay the US government US$260 million to absolve a
claim that it underpaid rebates on Acthar Gel, a hormone treatment
to relieve inflammation, The Irish Times states.

The company said late on Feb. 3 that a drawn-out reorganisation
plan, which will reduce its debt by US$1.3 billion, has been
confirmed by the US bankruptcy court of the district of Delaware,
The Irish Times notes.

"In the coming days, the directors of Mallinckrodt intend to make
certain filings to commence examinership proceedings in Ireland,
which are required to implement certain Irish law aspects of the
reorganisation and allow for emergence," The Irish Times quotes
Mallinckrodt as saying, noting that the process would take about
100 days and enable the group to emerge from so-called Chapter 11
bankruptcy by the end of June.

Mallinckrodt shares will be cancelled under the bankruptcy plan,
while guaranteed unsecured bondholders are exchanging debt for
ownership in the reorganized business, according to The Irish
Times.

While Mallinckrodt increased creditor support for its
reorganisation strategy as the Chapter 11 process continued, it
also faced fierce opposition, The Irish Times recounts.  A small
group of dissident shareholders, led by New York-based asset
management firm Buxton Helmsley, said last summer they would seek
to air claims that their rights as shareholders were suppressed
under the Chapter 11 proceedings when the case finally made it to
the Irish High Court, The Irish Times relays.

Mallinckrodt employs 120 people in its facility in Blanchardstown
in west Dublin, working in areas including research and
development, manufacturing, supply chain management and other
support functions.


PALMER SQUARE 2022-1: Fitch Assigns BB+(EXP) Rating on 2 Tranches
-----------------------------------------------------------------
Fitch has assigned Palmer Square European Loan Funding 2022-1 DAC
expected ratings.

DEBT                            RATING
----                            ------
Palmer Square European Loan Funding 2022-1 DAC (Static CLO)

A                    LT AAA(EXP)sf   Expected Rating
B                    LT AA(EXP)sf    Expected Rating
C                    LT A+(EXP)sf    Expected Rating
D                    LT BBB+(EXP)sf  Expected Rating
E                    LT BB+(EXP)sf   Expected Rating
F                    LT BB+(EXP)sf   Expected Rating
Subordinated Notes   LT NR(EXP)sf    Expected Rating

TRANSACTION SUMMARY

Palmer Square European Loan Funding 2022-1 DAC is an arbitrage cash
flow collateralised loan obligation (CLO) that will be serviced by
Palmer Square Europe Capital Management LLC. Net proceeds from the
issuance of the notes will be used to purchase a static pool of
primarily secured senior loans and bonds, with a target par of
EUR500million.

KEY RATING DRIVERS

'B' Portfolio Credit Quality (Neutral): Fitch places the average
credit quality of obligors in the 'B' category. The Fitch weighted
average rating factor (WARF) of the target portfolio is 23.5.

High Recovery Expectations (Positive): Senior secured obligations
make up close to 100% of the portfolio. Fitch views the recovery
prospects for these assets as more favourable than for second-lien,
unsecured and mezzanine assets. The Fitch weighted average recovery
rate (WARR) of the current portfolio is 65.5%.

Diversified Portfolio Composition (Positive): The three largest
industries comprise 35% of the portfolio balance, the top 10
obligors represent about 10% of the portfolio balance and the
largest obligor represents about 1% of the portfolio.

Static Portfolio (Positive): The transaction does not have a
reinvestment period and discretionary sales are not permitted.
Fitch's analysis is based on the current portfolio and stressed by
applying a one-notch reduction to all obligors with a Negative
Outlook (floored at 'CCC'). After the adjustment for the Negative
Outlook, the WARF of the target portfolio would be 24.2.

RATING SENSITIVITIES

Factors that could, individually or collectively, lead to negative
rating action/downgrade:

-- An increase of the rating default rate (RDR) at all rating
    levels by 25% of the mean RDR and a decrease of the rating
    recovery rate (RRR) by 25% at all rating levels in the
    stressed portfolio will result in downgrades of up to three
    notches, depending on the notes;

-- Downgrades may occur if the build-up of the notes' credit
    enhancement (CE) does not compensate for a larger loss
    expectation than initially assumed due to unexpectedly high
    levels of defaults and portfolio deterioration.

Factors that could, individually or collectively, lead to positive
rating action/upgrade:

-- A reduction of the RDR at all rating levels by 25% of the mean
    RDR and an increase in the RRR by 25% at all rating levels in
    the stressed portfolio would result in an upgrade of up to
    three notches, depending on the notes.

-- Except for the tranche already at the highest 'AAAsf' rating,
    upgrades may occur in the case of better than expected
    portfolio credit quality and deal performance that leads to
    higher CE and excess spread available to cover losses in the
    remaining portfolio.

BEST/WORST CASE RATING SCENARIO

International scale credit ratings of Structured Finance
transactions have a best-case rating upgrade scenario (defined as
the 99th percentile of rating transitions, measured in a positive
direction) of seven notches over a three-year rating horizon; and a
worst-case rating downgrade scenario (defined as the 99th
percentile of rating transitions, measured in a negative direction)
of seven notches over three years. The complete span of best- and
worst-case scenario credit ratings for all rating categories ranges
from 'AAAsf' to 'Dsf'. Best- and worst-case scenario credit ratings
are based on historical performance.

DATA ADEQUACY

Palmer Square European Loan Funding 2022-1 DAC (Static CLO)

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

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

Overall, and together with any assumptions referred to above,
Fitch's assessment of the information relied upon for the agency's
rating analysis according to its applicable rating methodologies
indicates that it is adequately reliable.

VOYA EURO I: Moody's Hikes Rating on EUR9.8MM Class F Notes to B1
-----------------------------------------------------------------
Moody's Investors Service has upgraded the ratings on the following
notes issued by Voya Euro CLO I Designated Activity Company:

EUR36,000,000 Class B-1 Senior Secured Floating Rate Notes due
2030, Upgraded to Aa1 (sf); previously on May 16, 2018 Definitive
Rating Assigned Aa2 (sf)

EUR15,000,000 Class B-2 Senior Secured Fixed Rate Notes due 2030,
Upgraded to Aa1 (sf); previously on May 16, 2018 Definitive Rating
Assigned Aa2 (sf)

EUR23,000,000 Class C Senior Secured Deferrable Floating Rate
Notes due 2030, Upgraded to A1 (sf); previously on May 16, 2018
Definitive Rating Assigned A2 (sf)

EUR18,500,000 Class D Senior Secured Deferrable Floating Rate
Notes due 2030, Upgraded to Baa1 (sf); previously on May 16, 2018
Definitive Rating Assigned Baa2 (sf)

EUR9,800,000 Class F Senior Secured Deferrable Floating Rate Notes
due 2030, Upgraded to B1 (sf); previously on May 16, 2018
Definitive Rating Assigned B2 (sf)

Moody's has also affirmed the ratings on the following notes:

EUR203,000,000 Class A Senior Secured Floating Rate Notes due
2030, Affirmed Aaa (sf); previously on May 16, 2018 Definitive
Rating Assigned Aaa (sf)

EUR19,500,000 Class E Senior Secured Deferrable Floating Rate
Notes due 2030, Affirmed Ba2 (sf); previously on May 16, 2018
Definitive Rating Assigned Ba2 (sf)

Voya Euro CLO I Designated Activity Company, issued in May 2018, is
a collateralised loan obligation (CLO) backed by a portfolio of
mostly high-yield senior secured European loans. The portfolio is
managed by Voya Alternative Asset Management LLC. The transaction's
reinvestment period will end in April 2022.

RATINGS RATIONALE

The rating upgrades on the Class B-1, Class B-2, Class C, Class D
and Class F Notes are primarily a result of the benefit of the
shorter period of time remaining before the end of the reinvestment
period in April 2022.

In light of reinvestment restrictions during the amortisation
period, and therefore the limited ability to effect significant
changes to the current collateral pool, Moody's analysed the deal
assuming a higher likelihood that the collateral pool
characteristics would maintain an adequate buffer relative to
certain covenant requirements. In particular, Moody's assumed that
the deal will benefit from a shorter amortisation profile than it
had assumed at the last rating action in May 2018.

The key model inputs Moody's uses in its analysis, such as par,
weighted average rating factor, diversity score and the weighted
average recovery rate, are based on its published methodology and
could differ from the trustee's reported numbers.

In its base case, Moody's used the following assumptions:

Performing par and principal proceeds balance: EUR349.6m

Defaulted Securities: EUR2.5m

Diversity Score: 64

Weighted Average Rating Factor (WARF): 2874

Weighted Average Life (WAL): 4.80 years

Weighted Average Spread (WAS) (before accounting for Euribor
floors): 3.62%

Weighted Average Coupon (WAC): 4.66%

Weighted Average Recovery Rate (WARR): 45.57%

Par haircut in OC tests and interest diversion test: none

The default probability derives from the credit quality of the
collateral pool and Moody's expectation of the remaining life of
the collateral pool. The estimated average recovery rate on future
defaults is based primarily on the seniority of the assets in the
collateral pool. In each case, historical and market performance
and a collateral manager's latitude to trade collateral are also
relevant factors. Moody's incorporates these default and recovery
characteristics of the collateral pool into its cash flow model
analysis, subjecting them to stresses as a function of the target
rating of each CLO liability it is analysing.

Methodology Underlying the Rating Action:

The principal methodology used in these ratings was "Moody's Global
Approach to Rating Collateralized Loan Obligations" published in
December 2021.

Counterparty Exposure:

The rating action took into consideration the notes' exposure to
relevant counterparties, such as account bank, using the
methodology "Moody's Approach to Assessing Counterparty Risks in
Structured Finance" published in May 2021. Moody's concluded the
ratings of the notes are not constrained by these risks.

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

This transaction is subject to a high level of macroeconomic
uncertainty, which could negatively affect the ratings on the note,
in light of uncertainty about credit conditions in the general
economy. In particular, the length and severity of the economic and
credit shock precipitated by the global coronavirus pandemic will
have a significant impact on the performance of the securities. CLO
notes' performance may also be impacted either positively or
negatively by (1) the manager's investment strategy and behaviour
and (2) divergence in the legal interpretation of CDO documentation
by different transactional parties because of embedded
ambiguities.

Additional uncertainty about performance is due to the following:

Weighted average life: The notes' ratings are sensitive to the
weighted average life assumption of the portfolio, which could
lengthen as a result of the manager's decision to reinvest in new
issue loans or other loans with longer maturities, or participate
in amend-to-extend offerings. Moody's tested for a possible
extension of the actual weighted average life in its analysis. The
effect on the ratings of extending the portfolio's weighted average
life can be positive or negative depending on the notes'
seniority.

Recovery of defaulted assets: Market value fluctuations in
trustee-reported defaulted assets and those Moody's assumes have
defaulted can result in volatility in the deal's
over-collateralisation levels. Further, the timing of recoveries
and the manager's decision whether to work out or sell defaulted
assets can also result in additional uncertainty. Moody's analysed
defaulted recoveries assuming the lower of the market price or the
recovery rate to account for potential volatility in market prices.
Recoveries higher than Moody's expectations would have a positive
impact on the notes' ratings.



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

GARANTI BANK: Fitch Affirms 'BB-' LT IDR, Alters Outlook to Stable
------------------------------------------------------------------
Fitch Ratings has revised Garanti Bank S.A.'s (GBR) Outlook to
Stable from Negative, while affirming the Romanian bank's Long-Term
Issuer Default Rating (IDR) at 'BB-' and Viability Rating (VR) at
'bb-'.

The Outlook revision reflects easing pressure on asset quality and
profitability, improved capitalisation and a stable funding and
liquidity position over 1H21, which Fitch expects to have continued
into 2H21 and to extend in 2022. The revision also reflects Fitch's
change in the outlook on operating environment score for Romania to
stable from negative.

Fitch has withdrawn GBR's Support Rating as it is no longer
relevant to the agency's coverage following the publication of its
updated Bank Rating Criteria on 12 November 2021. In line with the
updated criteria, Fitch has assigned GBR a Shareholder Support
Rating (SSR) of 'b+'.

KEY RATING DRIVERS

IDRS AND VR

The IDRs of GBR are driven by its standalone profile, as reflected
in its VR. The VR is constrained by Fitch's assessment of GBR's
'bb-' business profile, reflecting the bank's small size and narrow
franchise in Romania with only limited pricing power. The VR also
reflects GBR's solid capitalisation and profitability, improved
asset quality and good funding and liquidity. GBR provides a
universal banking offering to retail, SME and corporate customers.

The revised outlook on the operating environment for Romanian banks
to stable reflects Fitch's view that the impact of the pandemic on
Romanian banks' credit profiles has been broadly contained and any
residual risks are mitigated by the country's near-term sound
economic recovery prospects. Fitch scores the operating environment
for Romania at 'bb+', which is below the 'bbb' implied score,
reflecting risks to macroeconomic stability over the medium term.

GBR's key asset-quality metric (Stage 3 loans/gross loans) improved
by around 80bp y-o-y at end-1H21 to 3.2% (below sector average of
3.8%) and Fitch expects further improvement at end-2021.
Improvement over 1H21 of 40bp was driven largely by limited inflows
to the Stage 3 bucket and sizeable recoveries, reducing the stock
of Stage 3 loans while gross loans were virtually flat. At the same
time specific provision coverage of Stage 3 loans has been
gradually increasing to reach 75% at end-1H21 and was slightly
higher than larger rated Romanian peers'.

The bank's direct exposure to Turkey or Turkish entities operating
in Romania represents a small share of the bank's assets. However,
Fitch's assessment of the bank's largest exposures indicates GBR's
exposure to borrowers linked to Turkish groups is larger, but still
moderate. Nevertheless, these borrowers (typically large,
diversified conglomerates) have performed well to date despite a
volatile Turkish economy.

Fitch expects asset quality to deteriorate slightly in 2022,
reflecting some delayed effects of the pandemic, but also rising
inflationary pressures and energy prices. However, Fitch expects
the deterioration to be contained within the current score for
asset quality.

After growing its loan book by around 7% in 2021 the bank plans
more aggressive growth across all market segments over the coming
years to recover market shares lost over the last two years. The
bank has sizeable capacity to grow following the improvement of its
capitalisation and stabilisation of its funding structure.

GBR's operating profit improved significantly in 1H21 to 3.3%
(2020: 1.5%) of risk weighted assets (RWAs), driven predominantly
by net release of loan impairment charges (LICs) equivalent to 50bp
of gross loans (2020: net charge of 75bp of gross loans). To a
lesser extent it also benefited from a modest improvement in net
interest margin (NIM), driven by lower funding cost and a recovery
in customer activity as reflected in an increase of fees and
commission income.

Fitch expects operating profit to have weakened in 2H21 and to
stabilise at around 2% of RWAs in 2022 as margin pressures reduce
the net interest income benefit of higher growth and LICs
normalise. Nevertheless, pre-impairment profitability and
provisioning buffers built in 2020 and only partly released in 2021
should provide a solid buffer to absorb asset-quality pressures
beyond Fitch's current expectations without denting capital.

Fitch views GBR's high capital ratios as adequate and a rating
strength even after considering limitations of the bank's risk
profile and business model. The bank's common equity Tier 1 (CET1)
ratio increased to 24.5% at end-1H21 from 22.5% a year ago and
compares well with the sector average (18.3%).

Fitch expects capitalisation to remain at similar level at end-2021
as full retention of 2021 profit will mitigate negative other
comprehensive income from mark-to-market of the bank's securities
portfolio and RWA growth stemming from faster loan growth in 2H21.
Fitch expects capitalisation to weaken somewhat in 2022 on faster
loan growth than internal capital generation, a gradual increase of
risk weight for its foreign-currency (FC) -denominated sovereign
securities (reduced to zero in 2020) and marginal impact of a
delayed start to the amortisation of transitional arrangement
related to first-time application of IFRS9. Capital ratios are
comfortably above regulatory requirements.

The funding profile of GBR is independent of its parent's and is
primarily based on customer deposits (94% of total funding at
end-1H21) split around 60/40 between companies and retail. Although
solid and stable, Fitch believes GBR's funding franchise is
somewhat weaker and customer relationships less established than
larger peers', as reflected in a lower share of retail deposits and
higher overall share of term deposits. Wholesale funding (about 5%
of total funding at end-1H21) was mainly sourced from long-term
loans from international financial institutions (4%), short-term
repos with the central bank (0.5%) and subordinated debt from its
Turkish parent (0.5%).

GBR's liquidity position is adequate and broadly stable, and
refinancing risk is low. Its liquidity coverage ratio (LCR) was
188% at end-1H21 (end-1H20: 149%). Total available liquidity made
up of cash (including central bank reserves), bank placements and
unpledged government securities made up 24% of total assets and 30%
of customer deposits at end-1H21.

SSR

GBR's SSR is driven by potential institutional support from Banco
Bilbao Vizcaya Argentaria (BBVA; BBB+/Stable), the majority and
controlling shareholder of GBR's 100% shareholder, Turkiye Garanti
Bankasi A.S. (Garanti BBVA; B+/Negative), which Fitch views as the
ultimate source of support. GBR's SSR indicates a limited
probability of institutional support from BBVA, due to Fitch's view
of the low strategic importance of the Romanian operations for the
BBVA group.

In addition, Fitch would not expect BBVA to support GBR over and
above the support it would extend to Garanti BBVA. Hence, Garanti
BBVA 's 'B+' IDR, which incorporates Fitch's view of government
intervention risk in the Turkish banking sector, constrains Fitch's
assessment of support available to GBR at the 'b+' level.

In Fitch's view, GBR's risk profile is sufficiently independent of
Garanti BBVA's, and internal and regulatory restrictions on capital
and funding transfers are sufficiently strict to allow GBR' VR to
be rated one notch above Garanti BBVA's IDR.

RATING SENSITIVITIES

Factors that could, individually or collectively, lead to negative
rating action/downgrade:

-- GBR's IDRs are mainly sensitive to changes in the VR. In our
    view GBR's VR and IDR have sizeable rating headroom to absorb
    potential weakening of key financial metrics as reflected in
    the implied VR of 'bb'.

-- Contagion risk means that GBR's VR and IDRs could be sensitive
    to a multi-notch downgrade of Garanti BBVA's Long-Term
    Foreign-Currency IDR. Contagion risk usually limits the
    potential uplift of a subsidiary's VR from the parent's Long-
    Term IDR to a maximum of three notches under Fitch's criteria.

-- GBR's SSR is sensitive to a downgrade of Garanti BBVA's Long
    Term Foreign-Currency IDR or to a weakening in Fitch's
    assessment of GBR's strategic importance to Garanti BBVA.
    Although unlikely at present, a change in ownership of the
    bank to a lower rated entity or to an entity, which Fitch
    cannot assess the likelihood of support could lead to
    downgrade of SSR.

Factors that could, individually or collectively, lead to positive
rating action/upgrade:

-- A sustained improvement in the bank's franchise together with
    the maintenance of key financial credit metrics could lead to
    an upgrade of the VR.

-- GBR's SSR is sensitive to an increase in GBR's strategic
    importance for BBVA, which we, however, view as unlikely. In
    case of a multi-notch upgrade of Garanti BBVA's Long-Term
    Foreign-Currency IDR, or increased strategic importance of GBR
    for BBVA, Fitch could upgrade GBR's Long-Term IDR to reflect
    greater institutional support.

VR ADJUSTMENTS

The VR of 'bb-' has been assigned below the 'bb' implied score, due
to the following adjustment reasons: business profile (negative).

The operating environment score of 'bb+' has been assigned below
the 'bbb' category implied score for Romania, due to the following
adjustment reasons: macroeconomic stability (negative).

The business profile score of 'bb-' has been assigned above the 'b
& below' implied score, due to the following adjustment reason:
business model (positive).

The capitalisation & leverage score of 'bb+' has been assigned
below the 'bbb' category implied score, due to the following
adjustment reason: risk profile and business model (negative).

BEST/WORST CASE RATING SCENARIO

International scale credit ratings of Financial Institutions and
Covered Bond issuers have a best-case rating upgrade scenario
(defined as the 99th percentile of rating transitions, measured in
a positive direction) of three notches over a three-year rating
horizon; and a worst-case rating downgrade scenario (defined as the
99th percentile of rating transitions, measured in a negative
direction) of four notches over three years. The complete span of
best- and worst-case scenario credit ratings for all rating
categories ranges from 'AAA' to 'D'. Best- and worst-case scenario
credit ratings are based on historical performance.

PUBLIC RATINGS WITH CREDIT LINKAGE TO OTHER RATINGS

GBR's SSR is driven by potential support from BBVA and constrained
by Garanti BBVA's Long-Term Foreign-Currency IDR.

ESG CONSIDERATIONS

Unless otherwise disclosed in this section, the highest level of
ESG credit relevance is a score of '3'. This means ESG issues are
credit-neutral or have only a minimal credit impact on the entity,
either due to their nature or the way in which they are being
managed by the entity.



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

INTERNATIONAL PARK: S&P Upgrades ICR to 'B-' on Trading Recovery
----------------------------------------------------------------
S&P Global Ratings raised its long-term issuer credit and issue
ratings on Spanish resort PortAventura's parent entity
International Park Holdings B.V. to 'B-' from 'CCC+'.

The negative outlook reflects the possibility of a downgrade if
PortAventura's trading recovery is delayed, increasing the risk of
a covenant breach or liquidity stress, and raising concerns on the
company's ability to refinance its upcoming debt maturities.

The strong attendance recovery in PortAventura's theme parks and
hotels since COVID-19-related restrictions were lifted demonstrates
the resilience of its business model.

The resort reopened in May 2021, with capacity restrictions that
were lifted only in mid-October. Between October and December,
attendance at its parks and hotels was close to 2019 levels.
Average prices and customer spending in parks was also higher than
pre-pandemic, in line with trends in the wider leisure sector. S&P
said, "We expect this positive momentum will continue in 2022 as
demand for leisure activities remains strong and PortAventura
benefits from the staycation trend, which will help mitigate its
hotels' reliance on international tourists (representing about half
of customers before the pandemic). We therefore expect 2022 revenue
and EBITDA will be close to pre-pandemic levels, although we do not
think margins will fully recovery because of inflationary pressures
on input costs and services."

S&P said, "PortAventura's leverage remains high for the rating in
2021, but we expect it to improve steadily over the next 12 months.
In our base case, we forecast S&P Global Ratings-adjusted debt to
EBITDA of about 11.0x in 2021, reducing toward 6.0x-6.5x in 2022.
The company's debt comprises a EUR620 million term loan B (TLB),
EUR50 million revolving credit facility (RCF) that is currently
fully drawn, about EUR60 million of government-backed loans, and
EUR10 million of bilateral bank credit lines.

"The company will contain its capital expenditure (capex) to
generate positive FOCF. We anticipate that PortAventura will
generate FOCF after lease payments of EUR25 million-EUR30 million
in 2021, helped by a working capital inflow as the company's
operations rebounded and bookings were cashed-in, and EUR15
million-EUR20 million in 2022. In 2021, capex was significantly
reduced, with maintenance projects that were not related to safety
and security postponed, and expansion capex limited to the new La
Liga experience, Hotel Colorado Creek expansion, and digital
transformation. We estimate 2021 capex at EUR35 million-EUR40
million, significantly down from the particularly high EUR77
million in 2019. We understand that capex will remain contained at
EUR40 million-EUR45 million in 2022 absent major development
projects, including about EUR20 million for maintenance, and
expansion capex for a new ride, hotel restyling, and the
installation of photovoltaic panels.

"PortAventura has sufficient liquidity to handle potential
headwinds from the spread of new COVID-19 variants. PortAventura
managed its liquidity well last year, adopting financial discipline
through cost-control initiatives and material capex reduction. Its
liquidity was also boosted by the injection of EUR58 million in
government-backed debt. We understand the company had EUR96 million
of cash at year-end 2021, and EUR105 million of available liquidity
including EUR9 million of undrawn facilities. We expect that, after
reaching a low point of about EUR70 million at the end of
second-quarter 2022 following the seasonal closure of the park, the
company's liquidity will build up again, absent any new variants as
business continues to recover. This will allow PortAventura to
start repaying the government-backed loan and pay down its RCF.

"The company's leverage covenant was waived only until September
2021, and we project minimal headroom for the December 2021 and
March 2022 tests.The senior facility documentation includes a
maintenance covenant under the RCF, set at 8.75x, which is tested
if the facility is drawn by more than 35%. Under our current base
case, covenant headroom will be very tight in December 2021 and
March 2022, at below 10%. Yet we acknowledge the company's efforts
to preserve cash and we understand from management that it will
remain in compliance. Subsequently, we project more comfortable
headroom as EBITDA and liquidity increase with the reopening of the
resort and attendance recovery. We also believe that if the
recovery is delayed because of new restrictions, PortAventura would
remain proactive with cash-preserving measures to protect its
liquidity, and its lenders would maintain a constructive approach
to repayment. In the absence of a constructive approach, we cannot
rule out further downside for the ratings. We will monitor the
situation closely.

"We expect that management will initiate the refinancing of its
debt well in advance of maturities.The RCF is due in June 2023 and
the TLB in June 2024. The refinancing process will be facilitated
if positive trading momentum continues in the peak season and the
company's operating performance and credit metrics recover as
expected."

The recent rapid spread of the omicron variant highlights the
inherent uncertainties of the pandemic but also the importance and
benefits of vaccines. Although the risk of new, more severe
variants displacing omicron and evading existing immunity cannot be
ruled out, our current base case assumes that existing vaccines can
continue to provide significant protection against severe illness.
Furthermore, many governments, businesses and households around the
world are tailoring policies to limit the adverse economic impact
of recurring COVID-19 waves. S&P said, "Consequently, we do not
expect a repeat of the sharp global economic contraction of
second-quarter 2020. Meanwhile, we continue to assess how well
individual issuers adapt to new waves in their geography or
industry."

S&P said, "The negative outlook reflects the possibility of a
downgrade if PortAventura's trading recovery is delayed, increasing
the risk of a covenant breach or liquidity stress, and raising
concerns on the company's ability to refinance its upcoming debt
maturities.

"We could lower the ratings if Portaventura's trading, cash flows,
and credit metrics do not recover as per our base-case forecasts,
resulting in a stressed liquidity situation, including a potential
covenant breach, or increasing refinancing risk. This could occur,
for example, because of a prolonged lockdown of the resort, or a
more adverse recessionary and consumer environment than we expect,
combined with a lack of supportive measures by the financial
sponsors.

"We could also lower the rating if the company does not tackle the
refinancing of its debt well in advance of the maturities.

"We could revise the outlook to stable if PortAventura's operating
performance continues to recover, allowing it to reduce S&P Global
Ratings-adjusted debt to EBITDA sustainably below 7.5x, and it
maintains a prudent approach to capex such that FOCF after leases
remains positive and liquidity sound. We would also need to see a
tangible plan for the refinancing of its capital structure."

Environmental, Social, And Governance

Environmental, social, and governance (ESG) credit factors for this
change in credit rating/outlook and/or CreditWatch status:

-- Health and safety

ESG credit indicators: To E-2, S-3, G-3; From E-2, S-4, G-3

S&P said, "Social factors are now a moderately negative
consideration in our credit rating analysis of International Parks
Holding. During the pandemic, the company had to close its parks
and hotels, which led to a sharp 80% drop in revenue in 2020.
PortAventura's business proved its resilience once restrictions
were lifted. We expect attendance to recover to 2019 levels this
year, supported by the staycation trend. Yet the company's asset
concentration and single geography accentuate its exposure to local
health and safety risks, which could result in future business
disruption.

"Governance factors remain a moderately negative consideration, as
is the case for most rated entities owned by private-equity
sponsors. We believe the company's highly leveraged financial risk
profile points to corporate decision-making that prioritizes the
interests of controlling owners. This also reflects generally
finite holding periods and a focus on maximizing shareholder
returns."




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

ALEXANDRA NURSING: Put Up for Sale Following Administration
-----------------------------------------------------------
Owen Hughes at BusinessLive reports that a care home in Gwynedd
that fell into administration last year is now on the market.

The operating company of The Alexandra Nursing Home in Tywyn went
into administration in September 2021, BusinessLive relates.

Business operations were taken over by Cornerstone Care Solutions
on behalf of the Joint Administrators, David Shambrook and Gary
Hargreaves of FRP, BusinessLive discloses.

Now specialist business property adviser Christie & Co has brought
the 25 bedroom site to the market, BusinessLive states.

There is potential for extending the capacity of the care home with
historic planning permission for an additional six bedrooms, which
has now lapsed, BusinessLive notes.



CF INDUSTRIES: Bondholder Deal Clears Path for UK Restructuring
---------------------------------------------------------------
Jack Pitcher at Bloomberg News reports that bondholders of
fertilizer producer CF Industries Holdings Inc. agreed to amend the
company's debt covenants, clearing a path for it to restructure its
troubled U.K. operations.

Bondholders agreed to let CF Industries remove its U.K. units from
the definition of a "substantial subsidiary" in exchange for a US$2
fee per US$1,000 of principal on four different outstanding bond
issues, the company said in a regulatory filing on Feb. 1,
Bloomberg relates.  In a previous filing, the Deerfield,
Illinois-based manufacturer said it sought to change the definition
so that restructuring its U.K. operations would not trigger a
technical default on the bonds, Bloomberg notes.

CF Industries stock has been surging over the past year as the
company benefits from strong fertilizer demand, Bloomberg
discloses.  But high natural gas prices in the U.K. prompted CF
Industries to close two fertilizer plants there last year, with the
rising input costs making production unprofitable, according to
Bloomberg.  CF Industries took a US$495 million non-cash impairment
charge on its U.K. assets when it reported earnings in November,
reflecting the reduced value while the plants are unprofitable,
Bloomberg states.

Under a deal struck in October, the U.K.'s carbon dioxide industry
agreed to pay more for CO2 from the fertilizer company in order for
it to resume operations, Bloomberg discloses.  Previously, the U.K.
government had provided financial support to keep the plants
running, Bloomberg recounts.

According to Bloomberg, an extension of that deal, which should
ensure supply continuity until the spring, was announced on Feb. 1.
But under the new bond agreements, a default for the U.K.
subsidiaries would not cause a default for the full company, giving
it more leeway to restructure the U.K. operations, Bloomberg
states.


NEW LOOK: Weymouth Branch Shut Doors After Ousted by Landlord
-------------------------------------------------------------
Marie-Claire Alfonso at Dorset Echo reports that Weymouth's branch
of New Look shut its doors for the last time on Feb. 5 following
more than half a century in the town centre, after it was revealed
the fashion chain was being ousted by its landlord.

Part of the fabric of the town, New Look opened its first store in
St Mary Street 51 years ago, before moving to its current premises,
Dorset Echo recounts.  The chain also has headquarters at Mercery
Road and is a major local employer.

According to Dorset Echo, New Look's landlords across the country
were given more scope to end its leases when the chain sought a
company voluntary arrangement (CVA) to reduce its debts in 2020.

The CVA, which cut New Look's debts from around GBP550 million to
GBP100 million, included "enhanced landlord breaks", allowing
landlords to end leases "if they believe they can identify an
alternative tenant on improved terms", Dorset Echo discloses.


[*] UK: Corporate Insolvencies Up 20% to 1,486 in December 2021
---------------------------------------------------------------
Deedee Doke at Recruiter reports that the latest insolvency figures
have shown a 20% increase in corporate insolvencies compared to the
same month last year.

Figures released for December 2021 by the government's Insolvency
Service also showed that it was 33% higher than the number
registered in December 2019, Recruiter relays, citing restructuring
specialists PKF GM.

In December 2021, there were 1,486 insolvencies, compared to 1,237
in December 2020, and 1,120 in December 2019, Recruiter discloses.


Of the insolvencies registered in December 2021, there were 1,365
Creditors' Voluntary Liquidations (CVLs), which is 37% higher than
in December 2020, and 73% higher than in December 2019, Recruiter
states.  PKF GM said other types of company insolvencies, such as
compulsory liquidations, remained lower than before the pandemic,
Recruiter notes.

According to Recruiter, Restructuring and insolvency professional
Oliver Collinge from PKF GM said: "The continuing increase in
corporate insolvency numbers is not surprising.  December was a
tough end to the year for many firms with the increasing numbers of
cases due to the Omicron variant and 'Plan B' hitting footfall and
sales in the normally lucrative pre-Christmas period.

"Many distressed businesses have managed to keep afloat by making
use of the high level of government support available.  However, as
businesses have now started to repay BBLS and CBILS loans as well
as deferred HMRC liabilities, pressure on cash is growing and we
may continue to see the overall number of business failures
increase.  Higher inflation, staff shortages, increasing energy
prices, supply chain challenges and the need to repay Covid
incurred debt, are all likely to lead to increased numbers of
insolvencies during 2022.

"These challenges will put multiple added pressures on businesses
in the coming months, particularly those that weren't in robust
financial health before Covid, so it's critical businesses act
early and seek advice if they are struggling now, or think cash
flow may be squeezed in coming months.  The earlier they act, the
more options they'll have to continue trading and recover.

"The biggest increase is in CVLs, where directors have chosen to
place their business into an insolvency process.  In part this may
be because creditors can now take enforcement action, forcing
directors to take pre-emptive action."




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

[*] BOND PRICING: For the Week January 31 to February 4, 2022
-------------------------------------------------------------
Issuer              Coupon     Maturity  Currency  Price
------              ------     --------  --------  -----
Mitsubishi UFJ Investo3.928    12/15/2050  EUR     55.558
Ozon Holdings PLC     1.875    2/24/2026   USD     81.500
Casino Guichard Perrac3.992                EUR     63.073
Moby SpA              7.750    2/15/2023   EUR     73.023
Aggregate Holdings SA 6.875    11/09/2025  EUR     63.459
Paragon GmbH & Co KGaA4.500    07/05/2022  EUR     64.282
Casino Guichard Perrac1.413                EUR     35.083
Voltalia SA           1.000    1/13/2025   EUR     29.026
Air France-KLM        0.125    3/25/2026   EUR     16.194
Accor SA              0.700    12/07/2027  EUR     53.158
Fuerstenberg Capital I5.625                EUR     49.948
Paragon GmbH & Co KGaA4.000    4/23/2023   CHF     39.434
Nostrum Oil & Gas Fina7.000    2/16/2025   USD     19.917
Nostrum Oil & Gas Fina8.000    7/25/2022   USD     27.167
Mallinckrodt Internati5.750    08/01/2022  USD     56.250
Korian SA             0.875    03/06/2027  EUR     57.108
BAT International Fina2.250    09/09/2052  GBP     66.566
Intelsat Jackson Holdi5.500    08/01/2023  USD     44.250
Rallye SA             4.000    2/28/2030   EUR     22.013
PB International BV   7.625    1/26/2022   USD     47.783
Maisons du Monde SA   0.125    12/06/2023  EUR     47.512
Andrade Gutierrez Inte9.500    12/30/2024  USD     58.500
Cidron Aida Finco Sarl5.000    04/01/2028  EUR      5.215
Pierre Et Vacances SA 2.000    04/01/2023  EUR     29.043
Econocom Group SA/NV  0.500    03/06/2023  EUR      7.768
Ekosem-Agrar AG       7.500    08/01/2024  EUR     68.483
Korian SA             1.875                EUR     42.872
Wirecard AG           0.500    09/11/2024  EUR     11.500
Turkey Government Bond10.600   02/11/2026  TRY     72.100
Mallinckrodt Internati5.625    10/15/2023  USD     57.000
Rallye SA             4.371    1/23/2023   EUR     21.909
Mallinckrodt Internati4.750    4/15/2023   USD     37.750
Metro Bank PLC        5.500    6/26/2028   GBP     66.189
Deutsche Lichtmiete AG5.250    09/01/2025  EUR      4.791
Quadient SA           3.375                EUR     57.820
Intelsat Jackson Holdi8.500    10/15/2024  USD     46.250
Deutsche Lichtmiete AG5.750    12/01/2023  EUR     20.212
Neoen SA              1.875    10/07/2024  EUR     40.723
Union Fenosa Preferent1.067                EUR     70.625
Neoen SA              2.000    06/02/2025  EUR     51.060
HOCHDORF Holding AG   2.500                CHF     57.040
Intu Debenture PLC    5.562    12/31/2027  GBP     40.916
FIGEAC-AERO           1.125    10/18/2022  EUR     22.307
Senvion Holding GmbH  3.875    10/25/2022  EUR      1.258
Aggregate Holdings SA 5.500    5/17/2024   EUR     67.076
Intelsat Jackson Holdi9.750    7/15/2025   USD     45.500
Nexity SA             0.250    03/02/2025  EUR     65.490
Mallinckrodt Internati5.500    4/15/2025   USD     58.500
Hellenic Bank PCL     10.000               EUR     58.886
Debenhams PLC         5.250    7/15/2021   GBP      0.031
EYEMAXX Real Estate AG5.500    4/26/2023   EUR      4.903
Koninklijke Luchtvaart0.750                CHF     20.600
Turkey Government Bond10.500   08/11/2027  TRY     64.450
Offshore Drilling Hold8.375    9/20/2020   USD      8.000
Air Berlin PLC        8.250    4/19/2018   EUR      0.880
Genfit                3.500    10/16/2025  EUR     23.858
Nexity SA             0.875    4/19/2028   EUR     55.404
Air Berlin PLC        6.750    05/09/2019  EUR      0.504
Rallye SA             5.250    02/01/2022  EUR     20.279
Andrade Gutierrez Inte11.000   8/20/2021   USD     60.199
EYEMAXX Real Estate AG5.500    9/24/2024   EUR      4.925
Rickmers Holding AG   8.875    06/11/2018  EUR      0.828
Turkey Government Bond8.000    03/12/2025  TRY     70.400
Rallye SA             3.250    02/08/2024  CHF     20.259
Ziton A/S             7.900    10/03/2022  EUR     70.000
Travelex Financing PLC8.000    5/15/2022   EUR      1.829
Privatbank CJSC Via UK10.250   1/23/2018   USD      4.766
Hylea Group SA        7.250    12/01/2022  EUR      4.500
Scandinavian Airlines 0.625                CHF     19.200
Officine Maccaferri-Sp5.750    06/01/2021  EUR     18.160
Thomas Cook Group PLC 6.250    6/15/2022   EUR      0.511
Intelsat SA           4.500    6/15/2025   USD     15.186
Deutsche Lichtmiete Fi5.750    01/01/2023  EUR      7.500
Intelsat Luxembourg SA8.125    06/01/2023  USD      0.875
Banco Espirito Santo S7.125    11/28/2023  EUR      0.565
Bourbon Corp          8.305                EUR      0.607
Rallye SA             4.000    11/23/2020  CHF     16.010
Tresu Investment Holdi5.000    02/02/2025  EUR     48.255
Yell Bondco PLC       8.500    05/02/2023  GBP     70.028
Claranova SE          5.000    07/01/2023  EUR      1.090
Intelsat Connect Finan9.500    2/15/2023   USD     15.500
EYEMAXX Real Estate AG5.500    7/22/2025   EUR     75.000
FF Group Finance Luxem3.250    11/02/2021  CHF      8.252
Lehman Brothers UK Cap5.125                EUR     35.000
Fuerstenberg Capital E1.020                EUR     54.420
Allied Irish Banks PLC12.500   6/25/2035   GBP     61.337
Transcapitalbank JSC V10.000               USD     61.750
Intelsat Luxembourg SA7.750    06/01/2021  USD      0.375
Pentracor GmbH        8.500    5/29/2025   EUR     28.375
Virgolino de Oliveira 11.750   02/09/2022  USD      0.010
O1 Properties Finance 0.500    9/27/2028   USD     11.765
Thomas Cook Finance 2 3.875    7/15/2023   EUR      0.559
Rallye SA             3.400    1/31/2022   EUR     22.109
EA Partners II BV     6.750    06/01/2021  USD      0.834
Galapagos Holding SA  7.000    6/15/2022   EUR      0.010
Norddeutsche Landesban7.490                EUR     60.577
Hamon & CIE SA        3.300    1/31/2035   EUR     46.000
Bank Gospodarstwa Kraj2.375    11/27/2040  PLN     69.038
Privatbank CJSC Via UK11.000   02/09/2021  USD      1.000
Barclays Bank PLC     12.000   9/24/2025   TRY     60.101
Avangardco Investments10.000   10/29/2018  USD      0.707
Yuksel Insaat AS      9.500    11/10/2015  USD      0.108
UkrLandFarming PLC    10.875   3/26/2018   USD      1.646
Immigon Portfolioabbau5.772                EUR     12.030
PREOS Global Office Re7.500    12/09/2024  EUR     71.000
Cooperatieve Rabobank 0.500    7/30/2043   MXN     14.638
Fuerstenberg Capital D1.609                EUR     58.241
Bank Otkritie Financia10.000   4/26/2019   USD      9.196
Mitsubishi UFJ Investo3.687    12/30/2099  EUR      5.000
Espirito Santo Financi6.875    10/21/2019  EUR      0.244
EA Partners I BV      6.875    9/28/2020   USD      0.589
FF Group Finance Luxem1.750    07/03/2019  EUR      5.000
OGX Austria GmbH      8.375    04/01/2022  USD      0.002
BNP Paribas SA        0.196    4/30/2033   USD     74.000
KTG Agrar SE          7.125    06/06/2017  EUR      1.869
Solarworld AG         9.691    2/24/2019   EUR     30.000
Stichting Afwikkeling 6.250    10/26/2020  EUR      5.375
Virgolino de Oliveira 10.500   1/28/2018   USD      0.191
Lehman Brothers UK Cap3.875                EUR     35.000
Corporate Commercial B8.250    08/08/2014  USD      0.308
International Industri9.000    07/06/2011  EUR      0.052
Societe Centrale des B2.500    5/15/2023   EUR      6.880
DOF Subsea AS         8.810    11/27/2023  NOK     29.000
DOF Subsea AS         9.500    3/14/2022   USD     29.135
Elli Finance UK PLC   8.750    6/15/2019   GBP     64.155
Dexia Credit Local SA 1.172                EUR      3.301
Verimatrix SA         6.000    6/29/2022   EUR      3.773
Havila Shipping ASA   5.460    01/02/2025  NOK     25.182
OGX Austria GmbH      8.500    06/01/2018  USD      0.002
Norwegian Air Shuttle 5.000    02/07/2023  SEK     41.124
Hellenic Republic Gove2.085    7/25/2057   EUR     44.353
Senivita Social Estate4.000    05/12/2025  EUR      7.010
Stichting Afwikkeling 11.250               EUR      0.416
Dexia SA              1.227                EUR      3.118
New World Resources NV4.000    10/07/2020  EUR      0.573
Joh Friedrich Behrens 6.250    6/18/2024   EUR     28.760
Mallinckrodt Internati5.500    4/15/2025   USD     57.750
Barclays Bank PLC     1.268    3/28/2034   USD     80.900
Jain International Tra7.125    02/01/2022  USD     20.350
Andrade Gutierrez Inte9.500    12/30/2024  USD     63.925
Itas Istituto Trentino5.000    12/17/2031  EUR     93.249
Alitalia-Societa Aerea5.250    7/30/2020   EUR      0.100
Lloyds Bank PLC       0.211    1/31/2033   USD     69.564
JP Morgan Structured P11.000   12/30/2026  ZMW     67.712
Cirio Finanziaria SpA 8.000    12/21/2005  EUR      0.832
WD Invest Sarl        1.900    10/02/2024  EUR     11.258
Agrokor dd            9.875    05/01/2019  EUR     15.000
ESFIL-Espirito Santo F5.250    06/12/2015  EUR      0.111
Jain International Tra7.125    3/31/2026   USD     28.000
Banca Popolare di Vice9.500    9/29/2025   EUR      0.049
LBI ehf               6.100    8/25/2011   USD      9.897
M Objekt Real Estate H6.000    7/22/2024   EUR     69.762
International Industri11.000   2/19/2013   USD      0.052
Bilt Paper BV         10.360               USD      1.309
Alno AG               8.500    5/14/2018   EUR     16.636
Intelsat Connect Finan9.500    2/15/2023   USD     17.000
Phosphorus Holdco PLC 10.000   04/01/2019  GBP      2.002
Air Berlin PLC        5.625    05/09/2019  CHF      0.628
Espirito Santo Financi3.125    12/02/2018  EUR      0.751
EOS Imaging SA        6.000    5/31/2023   EUR      7.250
Norske Skogindustrier 7.000    12/30/2026  EUR      0.596
Lloyds Bank PLC       2.380    11/27/2033  USD     75.437
Autonomous Community o2.965    09/08/2039  JPY     68.552
Cirio Finance Luxembou7.500    11/03/2002  EUR      1.618
EFG International AG  0.551                EUR     70.546
Veragold Mining Co Gmb5.000    12/31/2022  EUR     70.000
REM Saltire Holding AS7.000    12/31/2024  NOK     53.827
Havila Shipping ASA   4.710    01/02/2025  NOK     40.000
Offshore Drilling Hold8.375    9/20/2020   USD      8.000
Banca Popolare di Vice2.821    12/20/2017  EUR      0.100
Veneto Banca SpA      9.878    12/01/2025  EUR      0.571
Cirio Holding Luxembou6.250    2/16/2004   EUR      0.723
Ghelamco Invest       4.500    5/23/2022   EUR     40.010
CRC Breeze Finance SA 6.110    05/08/2026  EUR     31.541
EDOB Abwicklungs AG   7.500    04/01/2012  EUR      2.295
Andrade Gutierrez Inte11.000   8/20/2021   USD     60.199
Lloyds Bank PLC       0.352    4/26/2033   USD     66.531
Intelsat Jackson Holdi8.500    10/15/2024  USD     45.986
Praktiker AG          5.875    02/10/2016  EUR      0.069
German Pellets GmbH   7.250    07/09/2018  EUR      1.376
Societe Generale SA   8.600    7/29/2022   USD     56.800
Banco Espirito Santo S2.098                EUR      0.094
Mallinckrodt Internati5.625    10/15/2023  USD     57.280
Banco Espirito Santo S6.875    7/15/2016   EUR     24.500
Orient Express Bank PJ2.000                USD     54.836
Tennor Finance BV     5.750    6/17/2024   EUR     75.000
Sairgroup Finance BV  4.375    06/08/2006  EUR      1.568
Moby SpA              7.750    2/15/2023   EUR     73.023
Hellas Telecommunicati8.500    10/15/2013  EUR      0.834
Cirio Del Monte NV    7.750    3/14/2005   EUR      0.352
New World Resources NV8.000    04/07/2020  EUR      0.506
Civitas Properties Fin4.000    11/24/2022  EUR     65.000
Windreich GmbH        6.500    03/01/2015  EUR      4.475
Enertronica Santerno S7.000    12/31/2022  EUR     65.870
Deutsche Bank AG/Londo1.796    6/30/2034   USD     69.649
Hellas Telecommunicati6.054    1/15/2015   USD      0.001
Depfa Funding III LP  0.235                EUR     57.277
Cooperatieve Rabobank 0.500    10/30/2043  MXN     14.191
SiC Processing GmbH   7.125    03/01/2016  EUR      2.426
Bulgaria Steel Finance12.000   05/04/2013  EUR      0.216
Hema Bondco II BV     8.500    1/15/2023   EUR      0.112
Rallye SA             1.000    10/02/2020  EUR     21.738
Lehman Brothers UK Cap5.750                EUR      7.000
Finmek International S7.000    12/03/2004  EUR      2.193
Banco Espirito Santo S6.900    6/28/2024   EUR     24.496
Irish Bank Resolution 0.566    6/21/2016   EUR      0.500
German Pellets GmbH   7.250    11/27/2019  EUR      1.376
Rena GmbH             7.000    12/15/2015  EUR      2.096
Erste Group Bank AG   4.350    2/20/2022   EUR     41.650
Nostrum Oil & Gas Fina8.000    7/25/2022   USD     27.189
Waste Italia SpA      10.500   11/15/2019  EUR      0.550
Grupo Isolux Corsan SA6.000    12/30/2021  EUR      0.192
Single Platform Invest1.548    10/31/2050  EUR     62.894
Saleza AS             9.000    07/12/2021  EUR      0.203
Kommunekredit         0.500    7/30/2027   TRY     17.982
Island Offshore Shipho3.030    6/30/2022   NOK      4.773
Espirito Santo Financi9.750    12/19/2025  EUR      0.761
Steilmann SE          7.000    9/23/2018   EUR      1.429
Russian Federal Bond -0.250    7/20/2044   RUB     15.000
Portugal Telecom Inter6.250    7/26/2016   EUR      0.285
Norske Skogindustrier 2.000    12/30/2115  EUR      0.113
Del Monte Finance Luxe6.625    5/24/2006   EUR      4.342
Virgolino de Oliveira 10.875   1/13/2020   USD     36.000
SAS AB                4.377                SEK     26.854
Mallinckrodt Internati5.750    08/01/2022  USD     56.063
CBo Territoria        3.750    07/01/2024  EUR      4.710
Barclays Bank PLC     0.652    4/19/2033   USD     69.016
Elli Investments Ltd  12.250   6/15/2020   GBP     52.250
Alpine Holding GmbH   6.000    5/22/2017   EUR      3.084
Joh Friedrich Behrens 7.750    11/11/2020  EUR     27.000
Bank Nadra Via NDR Fin8.250    7/31/2018   USD      0.208
Sidetur Finance BV    10.000   4/20/2016   USD      0.770
Intelsat Luxembourg SA12.500   11/15/2024  USD     65.750
Lehman Brothers UK Cap6.900                USD      3.986
A-TEC Industries AG   8.750    10/27/2014  EUR      0.100
MS Deutschland Beteili6.875    12/18/2017  EUR      0.620
Virgolino de Oliveira 10.500   1/28/2018   USD      0.191
Grupo Isolux Corsan SA1.000    12/30/2021  EUR      0.083
Deutsche Bank AG/Londo3.902    10/31/2034  USD     71.886
Intelsat Jackson Holdi9.750    7/15/2025   USD     45.501
Instabank ASA         5.970    3/28/2028   NOK     62.779
Sairgroup Finance BV  6.625    10/06/2010  EUR      1.568
Deutsche Bank AG/Londo1.780    8/28/2034   USD     69.125
Banco Espirito Santo S2.278                EUR      0.236
UBS AG/London         13.250   05/04/2022  USD     43.600
Sberbank of Russia PJS0.010    1/15/2027   RUB     90.000
OR PJSC               11.500   7/28/2024   RUB     39.540
Norwegian Air Shuttle 6.375    11/15/2024  USD     46.529
Raiffeisen Centrobank 10.500   9/22/2022   EUR     53.410
Stichting Afwikkeling 6.625    5/14/2018   EUR      5.375
KTG Agrar SE          7.250    10/15/2019  EUR      1.869
Alpine Holding GmbH   5.250    06/10/2016  EUR      3.084
SG Issuer SA          10.000   6/29/2022   CHF     74.000
Windreich GmbH        6.500    7/15/2016   EUR      4.475
Stichting Afwikkeling 2.197                EUR      0.416
BNP Paribas SA        29.000   3/28/2022   USD     64.370
Aralco Finance SA     10.125   05/07/2020  USD      0.934
Banco Santander SA    1.815                EUR      1.657
German Pellets GmbH   7.250    04/01/2016  EUR      1.376
Turkey Government Inte4.875    4/16/2043   USD     74.388
Solon SE              1.375    12/06/2012  EUR      0.745
Steilmann SE          7.000    03/09/2017  EUR      1.429
Privatbank CJSC Via UK10.875   2/28/2018   USD      7.214
Bank Vontobel AG      15.000   11/07/2022  EUR     59.200
Depfa Funding II LP   6.500                EUR     59.419
WEB Windenergie AG    2.250    9/25/2028   EUR      0.010
Agrokor dd            9.125    02/01/2020  EUR     15.000
UBS AG/London         9.000    11/10/2022  USD      6.710
Ukraine Government Bon8.750    2/16/2033   UAH     66.292
Sequa Petroleum NV    5.000    4/29/2020   USD     30.500
Yell Bondco PLC       8.500    05/02/2023  GBP     70.166
Erotik-Abwicklungsgese7.750    07/09/2019  EUR      0.779
Vneshprombank Ltd Via 9.000    11/14/2016  USD      0.078
Peine GmbH            2.000    07/05/2023  EUR     44.500
Finance and Credit Ban9.250    1/25/2019   USD      0.131
BNG Bank NV           10.010   6/17/2025   TRY     56.846
Bank Julius Baer & Co 13.250   01/05/2023  USD     52.750
International Finance 0.500    6/29/2027   ZAR     65.305
MOL Hungarian Oil & Ga1.900    04/12/2031  HUF     69.100
Societe Generale SA   16.000   07/03/2024  USD     49.266
Erste Group Bank AG   5.550    8/30/2022   EUR     49.250
Golden Gate AG        6.500    10/11/2014  EUR     36.000
Mox Telecom AG        7.250    11/02/2017  EUR      2.270
Senvion Holding GmbH  3.875    10/25/2022  EUR      1.258
Credit Suisse AG/Londo20.500   7/20/2022   USD     65.250
Turkey Government Bond11.700   11/13/2030  TRY     62.000
Premium Green PLC     0.600    10/31/2046  EUR     53.238
Steilmann SE          6.750    6/27/2017   EUR      2.184
Veneto Banca SpA      6.411                EUR      0.345
Portugal Telecom Inter5.242    11/06/2017  EUR      0.694
Nostrum Oil & Gas Fina7.000    2/16/2025   USD     25.059
Lloyds Bank PLC       0.500    7/26/2028   MXN     59.368
Turkey Government Bond1.500    10/09/2024  TRY     60.151
Commerzbank AG        0.060    11/19/2029  EUR     67.353
Barclays Bank PLC     0.500    1/28/2033   MXN     40.856
Intelsat Jackson Holdi9.750    7/15/2025   USD     45.501
Gebr Sanders GmbH & Co8.750    10/22/2018  EUR      9.375
Leonteq Securities AG/8.510    5/27/2022   USD     37.050
BOA Offshore AS       0.409    7/17/2047   NOK      5.255
Credit Suisse AG/Londo4.450    6/28/2023   USD      9.350
Sberbank of Russia PJS0.010    1/17/2025   RUB     80.100
Deutsche Bank AG      0.687    10/11/2049  EUR     65.375
Agrokor dd            8.875    02/01/2020  USD     15.000
Pescanova SA          5.125    4/20/2017   EUR      0.319
Alteo Nyrt            3.150    10/28/2029  HUF     74.300
Barclays Bank PLC     0.956    3/28/2033   USD     73.630
Barclays Bank PLC     0.438    11/08/2023  USD      9.677
A-TEC Industries AG   5.750    11/02/2010  EUR      0.100
Dolphin Drilling ASA  4.490    8/28/2019   NOK      0.644
OGX Austria GmbH      8.500    06/01/2018  USD      0.002
BRAbank ASA           7.810                NOK     74.340
Mriya Agro Holding PLC9.450    4/19/2018   USD      4.667
Virgolino de Oliveira 11.750   02/09/2022  USD      0.191
Norske Skog Holding AS8.000    2/24/2021   EUR      0.006
Credit Suisse AG/Londo14.000   6/16/2022   USD     67.210
Sibur Holding PAO     1.500    10/01/2032  USD     69.190
OR PJSC               12.000   9/22/2022   RUB     55.070
Credito Padano Banca d3.100                EUR     34.119
Luminis SA            1.800    09/02/2059  EUR     65.068
Rio Forte Investments 4.000    7/22/2014   EUR      4.423
Cattles Ltd           8.125    07/05/2017  GBP      0.027
Rena GmbH             8.250    07/11/2018  EUR      2.096
SAG Solarstrom AG     7.500    07/10/2017  EUR     31.000
OGX Austria GmbH      8.375    04/01/2022  USD      0.002
Tonon Luxembourg SA   12.500   5/14/2024   USD      0.399
Cultura Sparebank     6.810                NOK     51.447
Ahtium PLC            9.750    04/04/2017  EUR      0.726
Veneto Banca SpA      6.944    5/15/2025   EUR      0.571
New World Resources NV8.000    04/07/2020  EUR      0.506
Alpine Holding GmbH   5.250    07/01/2015  EUR      3.084
JP Morgan Structured P12.000   01/04/2027  ZMW   #N/A N/A
Agrokor dd            9.875    05/01/2019  EUR     15.000
UBS AG/London         0.120    5/25/2040   MXN     15.852
German Real Estate Cap3.000                EUR     74.000
Credit Suisse AG/Londo5.200    8/17/2022   USD      9.860
Credito Padano Banca d3.100                EUR     33.887
Officine Maccaferri-Sp5.750    06/01/2021  EUR     18.160
DZ Bank AG Deutsche Ze19.400   3/25/2022   EUR     51.330
Caixa Economica Montep5.000                EUR     50.020
Resa SA/Belgium       1.950    7/22/2036   EUR     50.010
Ukraine Government Bon6.000    1/28/2032   UAH     53.070
Sibur Holding PAO     1.500    10/02/2031  USD     72.240
WPE International Coop10.375   9/30/2020   USD      5.000
SAG Solarstrom AG     6.250    12/14/2015  EUR     31.000
BBI Development SA    8.000    2/22/2023   PLN      7.770
Kardan NV             6.325    2/21/2021   ILS     12.310
Espirito Santo Financi5.050    11/15/2025  EUR      0.761
Deutsche Bank AG/Londo2.952    11/26/2034  USD     80.500
Bank Julius Baer & Co 29.500   6/27/2022   CHF     45.700
Cooperatieve Rabobank 0.500    1/31/2033   MXN     38.744
Banca Popolare di Vice9.500    10/02/2025  EUR      0.049
SAir Group            0.125    07/07/2005  CHF     12.625
Sberbank of Russia PJS0.010    12/17/2025  RUB     71.800
Centrosolar Group AG  7.000    2/15/2016   EUR      2.505
UBS AG/London         17.750   08/04/2022  CHF     51.200
State of Saxony-Anhalt0.293    07/03/2028  EUR     60.000
Gold-Zack AG          7.000    12/14/2005  EUR      1.510
OR PJSC               12.000   11/14/2024  RUB     42.210
Ahtium PLC            4.000    12/16/2015  EUR      0.586
Vontobel Financial Pro8.500    3/25/2022   EUR     60.150
Getin Noble Bank SA   7.640    12/21/2023  PLN     69.676
Ukraine Government Bon8.120    11/10/2035  UAH     59.199
Sberbank of Russia PJS0.016    3/15/2032   RUB     63.900
Pescanova SA          8.750    2/17/2019   EUR      0.319
Nordic Corporate Bank 6.430                NOK     69.715
Axial Javito Kereskede2.000    9/23/2030   HUF     73.289
Ukraine Government Bon6.000    1/22/2031   UAH     55.311
Norske Skogindustrier 7.125    10/15/2033  USD      0.596
Region de Bruxelles-Ca0.444    3/19/2057   EUR     73.929
Ukraine Government Bon6.000    06/12/2030  UAH     56.824
Sberbank of Russia PJS0.010    7/23/2026   RUB     74.600
Sibur Holding PAO     1.500    10/02/2030  USD     75.280
BNP Paribas SA        21.800   05/01/2023  USD     70.500
Zurcher Kantonalbank F26.500   8/31/2022   CHF     54.360
getgoods.de AG        7.750    10/02/2017  EUR      0.527
Credit Agricole Corpor11.340   02/12/2026  TRY     60.542
Instabank ASA         7.970                NOK     38.288
Otkritie Holding JSC  10.000   4/20/2028   RUB      0.010
Deutsche Agrar Holding7.250    9/28/2018   EUR      0.706
Bank Otkritie Financia10.000   4/26/2019   USD      9.196
Natixis SA            0.300    6/25/2048   USD     47.469
Minicentrales Dos SA  0.010    06/06/2047  EUR     59.271
DekaBank Deutsche Giro7.650    03/10/2023  EUR     71.810
Alno AG               8.000    3/21/2019   EUR     16.000
Astana Finance BV     9.000    11/16/2011  USD     15.250
TMK PJSC              7.350    2/28/2025   RUB     70.000
Bibby Offshore Service7.500    6/15/2021   GBP     11.625
Air Berlin Finance BV 6.000    03/06/2019  EUR      0.228
Cooperatieve Rabobank 0.500    11/30/2027  MXN     61.489
Air Berlin Finance BV 8.500    03/06/2019  EUR      0.228
Barclays Bank PLC     0.500    10/01/2031  TRY      9.074
Lehman Brothers Treasu2.000    3/16/2035   EUR      0.100
Norske Skog Holding AS8.000    2/24/2023   USD      0.006
Bank Vontobel AG      18.000   8/29/2022   USD     54.700
DZ Bank AG Deutsche Ze9.410    8/26/2022   EUR     48.210
UBS AG/London         7.000    8/18/2022   USD     66.500
Credit Suisse AG/Londo14.250   07/04/2022  CHF     68.650
SAir Group            5.500    7/23/2003   CHF     12.625
Ukraine Government Bon8.750    4/20/2033   UAH     65.329
Otkritie Holding JSC  0.010    10/03/2036  RUB      0.010
Banco Espirito Santo S10.000   12/06/2021  EUR      0.563
Credit Suisse AG/Londo16.000   08/05/2022  USD     41.080
RUSAL Bratsk OJSC     0.010    04/07/2026  RUB     65.780
Intelsat Luxembourg SA12.500   11/15/2024  USD     65.750
SAir Group            2.125    11/04/2004  CHF     12.625
Virgolino de Oliveira 10.875   1/13/2020   USD     36.000
Elli Finance UK PLC   8.750    6/15/2019   GBP     64.155
KPNQwest NV           10.000   3/15/2012   EUR      0.453
Credit Suisse AG/Londo9.000    10/18/2024  USD      9.920
UkrLandFarming PLC    10.875   3/26/2018   USD      1.646
Lehman Brothers Treasu1.000    10/05/2035  EUR      0.100
Luzerner Kantonalbank 23.000   06/07/2022  CHF     33.540
Corner Banca SA       20.000   03/08/2022  CHF     51.230
Zurcher Kantonalbank F6.000    4/14/2022   CHF    101.990
Societe Generale SA   9.000    7/22/2022   USD     47.000
UBS AG/London         7.000    4/21/2023   USD     59.150
Pongs & Zahn AG       8.500    11/01/2014  EUR      0.003
Mifa Mitteldeutsche Fa7.500    08/12/2018  EUR      2.120
O1 Properties Finance 8.250    9/27/2021   USD     11.765
Agrokor dd            9.125    02/01/2020  EUR     15.000
Tonon Luxembourg SA   9.250    1/24/2020   USD      0.500
Eiendomskreditt AS    2.600    9/17/2029   NOK     69.650
La Veggia Finance SA  7.125    11/14/2004  EUR      0.287
Credit Suisse AG/Londo10.500   07/08/2022  EUR     57.220
RENE LEZARD Mode GmbH 7.250    11/25/2017  EUR      0.200
UBS AG/London         0.472    11/23/2025  EUR     73.250
Cooperatieve Rabobank 0.500    10/29/2027  MXN     62.135
Sberbank CIB JSC      0.010    01/04/2030  RUB     50.689
Elli Investments Ltd  12.250   6/15/2020   GBP     52.250
Phosphorus Holdco PLC 10.000   04/01/2019  GBP      2.002
Decipher Production Lt12.500   9/27/2019   USD      1.500
New World Resources NV4.000    10/07/2020  EUR      0.573
BLT Finance BV        12.000   02/10/2015  USD     10.500
Societe Generale SA   17.604   8/24/2023   USD     66.400
Muehl Product & Servic6.750    03/10/2005  DEM      0.104
SAir Group            6.250    10/27/2002  CHF     12.625
Aralco Finance SA     10.125   05/07/2020  USD      0.934
Stichting Afwikkeling 8.450    8/20/2018   USD      5.375
Ukraine Government Bon9.700    12/08/2032  UAH     70.764
AKB Peresvet ZAO      0.510    6/23/2021   RUB     26.910
Sberbank of Russia PJS0.010    8/25/2025   RUB     74.310
Bank Otkritie Financia0.010    7/16/2025   RUB     68.010
DZ Bank AG Deutsche Ze9.270    6/24/2022   EUR     56.690
Zurcher Kantonalbank F12.900   8/17/2022   CHF     62.920
Societe Generale SA   8.000    5/28/2027   USD     48.100
UBS AG/London         16.250   07/07/2022  CHF   #N/A N/A
BNP Paribas SA        20.200   5/31/2022   USD     72.500
Landesbank Baden-Wuert5.400    2/25/2022   EUR     72.140
UBS AG/London         9.500    2/28/2022   CHF     47.800
Hell Energy Magyarorsz2.700    12/18/2029  HUF     73.500
Minicentrales Dos SA  0.010    06/06/2047  EUR     66.788
Ukraine Government Bon6.000    1/27/2027   UAH     68.262
BRAbank ASA/NO        7.780                NOK     53.941
Nizhniy Novgorod Regio6.100    5/27/2026   RUB     89.850
Veneto Banca SpA      6.950    2/25/2025   EUR      0.571
Krakowski Bank Spoldzi3.580    9/20/2023   PLN     72.000
SG Issuer SA          11.170   7/20/2025   SEK     59.340
Bank Julius Baer & Co 21.150   08/09/2022  CHF     65.300
Vontobel Financial Pro11.000   3/25/2022   EUR     55.480
Vontobel Financial Pro9.400    5/13/2022   EUR     51.590
Wingholding Zrt       3.000    9/22/2031   HUF   #N/A N/A
Zurcher Kantonalbank F29.000   9/29/2022   CHF     60.640
Thomas Cook Finance 2 3.875    7/15/2023   EUR      0.559
Ukraine Government Bon6.000    9/18/2030   UAH     56.131
Thomas Cook Group PLC 6.250    6/15/2022   EUR      0.511
Pervyi Konteinernyi Te0.010    02/06/2026  RUB     67.130
SFO Akkord Finans     10.000   02/12/2024  RUB     66.740
SG Issuer SA          5.000    5/23/2024   EUR     59.060
Credit Suisse AG/Londo4.550    2/23/2023   USD      9.750
JP Morgan Structured P12.000   8/28/2026   ZMW     71.835
Barclays Bank PLC     14.250   3/20/2023   USD     59.350
Raiffeisen Switzerland4.000    8/30/2022   CHF     39.840
Golfino AG            8.000    11/18/2023  EUR      0.020
Societe Generale SA   15.000   07/03/2024  USD     48.150
Bank Vontobel AG      20.000   9/26/2022   EUR     64.500
Derzhava-Garant OOO   11.500   06/12/2030  RUB      6.140
Credit Suisse AG/Londo7.020    12/05/2024  USD      9.530
Dr Wiesent Sozial gGmb7.000                EUR      0.010
Bank2 ASA             6.120                NOK     59.747
AKB Peresvet ZAO      0.510    2/14/2032   RUB     12.500
Purple Protected Asset1.580    5/25/2060   EUR     67.367
Espirito Santo Financi5.050    11/15/2025  EUR      0.761
LBI ehf               6.100    8/25/2011   USD      9.897
Bank Julius Baer & Co 11.950   2/25/2022   USD     52.850
Windreich GmbH        6.250    03/01/2015  EUR      4.475
Deutsche Bank AG/Londo0.500    10/18/2038  MXN     19.862
Sberbank of Russia PJS0.010    8/25/2025   RUB     73.910
Sberbank of Russia PJS0.010    12/16/2025  RUB     74.200
Credit Agricole Corpor15.000   7/14/2026   TRY     68.964
Norske Skog Holding AS8.000    2/24/2021   EUR      0.006
BrokerCreditService St8.000    1/30/2024   USD     47.000
Vontobel Financial Pro18.500   6/24/2022   EUR     50.100
Societe Generale SA   20.000   03/02/2022  USD     59.875
Leonteq Securities AG 12.000   06/08/2022  CHF     51.320
SAir Group            5.125    03/01/2003  CHF     12.750
VTB Bank PJSC         0.010    11/25/2026  RUB     73.220
Credit Suisse AG/Londo9.240    12/05/2024  USD      9.670
Bulgaria Steel Finance12.000   05/04/2013  EUR      0.216
Grupo Isolux Corsan SA0.250    12/30/2018  EUR      0.083
Rosselkhozbank JSC    10.100               RUB     90.000
A-TEC Industries AG   2.750    05/10/2014  EUR      0.100
Credit Agricole Corpor11.640   3/24/2027   TRY     56.752
Ukraine Government Bon8.750    11/10/2032  UAH     65.880
Ukraine Government Bon6.000    09/10/2031  UAH     53.860
LBI ehf               7.431                USD      0.001
Sberbank of Russia PJS0.010    3/25/2026   RUB     72.800
Sberbank of Russia PJS0.010    4/22/2026   RUB     70.900
Ukraine Government Bon9.150    05/10/2031  UAH     69.988
HSBC Bank PLC         0.500    6/23/2027   MXN     64.044
Pescanova SA          6.750    03/05/2015  EUR      0.319
Espirito Santo Financi0.352    10/27/2024  EUR      0.297
PA Resources AB       13.500   03/03/2016  SEK      0.124
SecurAsset SA         5.250    6/30/2022   EUR     42.050
UBS AG/London         8.000    06/09/2023  CHF     67.400
Credit Suisse AG/Londo6.190    9/14/2022   USD      9.690
UBS AG/London         15.250   7/21/2022   USD     61.100
Zurcher Kantonalbank F21.500   05/12/2022  USD     57.220
Corner Banca SA       11.000   11/29/2022  CHF     66.040
EFG International Fina11.120   12/27/2024  EUR     44.550
Deutsche Bank AG/Londo13.750   6/20/2026   TRY     70.364
Agrokor dd            8.875    02/01/2020  USD     15.000
NTRP Via Interpipe Ltd10.250   08/02/2017  USD     29.500
Barclays Bank PLC     2.730    9/27/2024   EUR     60.430
Hema Bondco II BV     8.500    1/15/2023   EUR      0.112
Bank Otkritie Financia0.010    9/24/2025   RUB     68.800
Ukraine Government Bon8.630    05/10/2033  UAH     64.631
Espirito Santo Financi5.125    5/30/2016   EUR      0.528
Solarwatt GmbH        7.000    11/01/2015  EUR     15.500
IT Holding Finance SA 9.875    11/15/2012  EUR      0.015
Barclays Bank PLC     5.000    11/01/2029  BRL     64.033
Credit Suisse AG/Londo6.500    3/28/2022   USD      3.840
SG Issuer SA          2.100    04/05/2033  EUR     29.450
Corner Banca SA       10.000   10/12/2022  CHF     62.340
BrokerCreditService St3.000    2/28/2023   USD     60.000
Zurcher Kantonalbank F30.000   08/09/2022  USD     56.720
Corner Banca SA       10.400   12/14/2022  CHF     70.390
Raiffeisen Centrobank 11.750   08/04/2023  EUR     55.390
Credit Suisse AG/Londo16.300   12/26/2023  USD     66.350
Luzerner Kantonalbank 5.000    05/11/2022  USD     63.900
Luzerner Kantonalbank 22.620   6/20/2022   CHF     68.510
SALVATOR Vermoegensver9.500                EUR      8.100
Alteo Nyrt            2.450    10/08/2031  HUF     68.300
Purple Protected Asset2.100    4/15/2060   EUR     70.038
Lehman Brothers Treasu1.500    10/12/2010  EUR      0.100
Sberbank of Russia PJS0.010    10/22/2025  RUB     72.600
KPNQwest NV           7.125    06/01/2009  EUR      0.453
ECM Real Estate Invest5.000    10/09/2011  EUR     15.375
Lehman Brothers Treasu3.700    06/06/2009  EUR      0.100
Turkiye Ihracat Kredi 12.540   9/14/2028   TRY     50.573
Getin Noble Bank SA   4.250    8/30/2024   PLN     67.875
Lehman Brothers Treasu2.875    3/14/2013   CHF      0.100
AKB Peresvet ZAO      0.510    08/04/2034  RUB     27.620
KPNQwest NV           8.875    02/01/2008  EUR      0.453
Sberbank of Russia PJS0.010    09/04/2025  RUB     69.000
Mriya Agro Holding PLC10.950   3/30/2016   USD      4.667
Cooperatieve Rabobank 0.500    8/21/2028   MXN     57.923
Northland Resources AB4.000    10/15/2020  NOK      0.271
City of Novosibirsk Ru7.300    10/08/2026  RUB     99.800
Credit Suisse AG/Londo5.880    6/28/2023   USD      9.450
Societe Generale SA   4.000    5/28/2031   USD     72.909
Leonteq Securities AG 15.000   3/30/2022   CHF     60.340
UBS AG/London         14.500   11/07/2022  CHF     56.150
UBS AG/London         19.500   08/11/2022  CHF     42.850
Leonteq Securities AG/2.750    9/15/2022   CHF     26.370
VTB Bank PJSC         3.630                EUR   #N/A N/A
Nutritek International8.750    12/11/2008  USD      2.089
Sberbank of Russia PJS0.010    03/04/2026  RUB     70.100
ECM Real Estate Invest5.000    10/09/2011  EUR     15.375
Instabank ASA         9.830                NOK     48.990
SG Issuer SA          3.300    9/26/2034   ZAR     51.995
BRAbank ASA           7.210                NOK     72.102
LBI ehf               7.431                USD      0.001
Tonon Luxembourg SA   9.250    1/24/2020   USD      0.500
Kreditanstalt fuer Wie0.250    10/06/2036  CAD     51.221
Ukraine Government Bon6.000    1/14/2026   UAH     73.316
Region of Saratov Russ8.100    11/20/2024  RUB     74.380
Rio Forte Investments 4.750    11/10/2015  EUR      4.730
Credit Agricole Corpor15.000   6/18/2026   TRY     69.223
Purple Protected Asset1.480    11/30/2060  EUR     70.546
Nizhniy Novgorod Regio6.750    6/14/2025   RUB     73.390
Credit Agricole Corpor10.200   08/06/2026  TRY     54.532
Zurcher Kantonalbank F19.000   10/26/2022  CHF     58.110
Leonteq Securities AG/27.290   4/26/2022   CHF     33.730
UBS AG/London         14.000   1/18/2024   USD     51.260
Leonteq Securities AG 24.360   9/13/2022   CHF     48.050
Bank Julius Baer & Co 15.000   08/04/2022  CHF     69.600
EFG International Fina12.750   1/31/2022   USD     59.740
Bank Vontobel AG      8.758    06/02/2022  CHF     56.300
UBS AG/London         14.000   05/05/2022  CHF     55.050
Leonteq Securities AG 14.000   5/19/2022   CHF     51.470
Landesbank Baden-Wuert5.650    5/27/2022   EUR     50.870
Leonteq Securities AG/21.100   4/21/2022   CHF     56.080
Credit Suisse AG/Londo16.000   12/29/2022  CHF     70.290
UBS AG/London         17.500   7/28/2022   CHF     71.550
Leonteq Securities AG 29.500   9/27/2022   CHF     58.150
Landesbank Baden-Wuert6.750    11/25/2022  EUR     70.100
Russian Post FGUP     2.750    12/06/2023  RUB     70.000
Credit Suisse AG      0.500    12/16/2025  BRL     63.989
OR PJSC               11.000   12/29/2024  RUB     34.800
Heta Asset Resolution 4.350    12/31/2023  EUR      1.169
Barclays Bank PLC     1.032    3/21/2033   USD     74.022
Cooperatieve Rabobank 0.500    12/29/2027  MXN     60.944
SAir Group            4.250    02/02/2007  CHF     12.625
Bank Julius Baer & Co 10.050   7/29/2022   USD     56.650
Getin Noble Bank SA   8.230    11/30/2023  PLN     68.213
Kuntarahoitus Oyj     0.250    6/28/2040   CAD     40.248
Norske Skogindustrier 7.125    10/15/2033  USD      0.596
Barclays Bank PLC     13.810   4/16/2024   TRY     74.957
Sberbank of Russia PJS0.950    06/11/2025  RUB     73.200
Region of Stavropol Ru6.200    12/14/2027  RUB     62.050
TransKomplektHolding O9.500    11/02/2028  RUB     70.000
Leonteq Securities AG 20.360   9/20/2022   CHF     50.450
UBS AG/London         8.000    6/23/2022   USD     57.050
Corner Banca SA       12.000   6/21/2022   CHF     25.000
Landesbank Baden-Wuert6.800    9/23/2022   EUR     58.070
Societe Generale SA   18.000   01/03/2024  USD     45.000
Bank Vontobel AG      12.500   1/24/2023   CHF     61.500
Bank Julius Baer & Co 16.800   1/25/2022   USD     53.600
Leonteq Securities AG/20.000   6/15/2022   CHF     64.860
Societe Generale SA   6.000    05/09/2022  USD     17.460
Goldman Sachs & Co Wer13.000   6/22/2022   EUR     68.190
DVM Construction Foval3.000    7/29/2030   HUF     73.100
UBS AG/London         21.250   2/18/2022   USD     34.600
VTB Bank PJSC         3.630                EUR     60.000
Societe Generale SA   8.000    08/09/2022  USD     50.000
Corner Banca SA       14.000   3/27/2023   CHF     69.130
Raiffeisen Schweiz Gen3.400    3/21/2025   CHF     63.740
UBS AG/London         10.750   3/15/2023   CHF     62.950
WEB Windenergie AG    4.000    12/17/2025  EUR      0.010
EFG International Fina15.400   12/23/2022  USD     52.970
City of Predeal Romani4.050    5/15/2026   RON     69.000
Aranynektar Termekgyar3.500    04/03/2030  HUF     68.608
Grupo Isolux Corsan SA6.000    12/30/2021  USD      0.192
RosDorBank PJSC       9.500    12/12/2024  RUB     69.990
Ukraine Government Bon6.000    9/19/2029   UAH     58.811
Privatbank CJSC Via UK10.875   2/28/2018   USD      7.214
AlphaNotes ETP Dac    0.010    09/09/2029  USD     69.315
Ukraine Government Bon5.000    2/20/2032   UAH     47.868
SG Issuer SA          2.700    11/28/2034  ZAR     47.260
SG Issuer SA          3.000    10/10/2034  ZAR     49.767
WEB Windenergie AG    6.500                EUR      0.010
UBS AG/London         13.500   4/14/2022   CHF     43.750
HSBC Bank PLC         10.300   12/10/2024  TRY     64.783
Barclays Bank PLC     10.200   2/14/2025   TRY     61.239
Instabank ASA         8.290    02/04/2030  NOK     66.768
Tonon Luxembourg SA   12.500   5/14/2024   USD      0.399
Heta Asset Resolution 7.500    12/31/2023  ATS      1.169
Credit Agricole Corpor15.700   10/07/2026  TRY     69.022
International Bank of 8.250    10/09/2024  USD     60.375
Credit Agricole Corpor11.400   10/28/2025  TRY     62.334
Sberbank of Russia PJS0.010    9/17/2025   RUB     73.100
Norske Skog Holding AS8.000    2/24/2023   USD      0.006
MIK OAO               15.000   2/19/2020   RUB     13.875
Bayerische Landesbank 2.000    1/28/2022   EUR     65.540
Leonteq Securities AG/16.600   6/17/2022   USD     49.980
Leonteq Securities AG/24.800   09/07/2022  CHF     58.400
Leonteq Securities AG/16.000   6/21/2022   USD     51.680
Credit Suisse AG/Londo15.750   11/10/2022  CHF     51.760
UBS AG/London         14.250   02/10/2022  USD     63.100
Societe Generale SA   6.000    06/06/2022  USD      3.350
Bank Julius Baer & Co 11.150   4/22/2022   CHF     59.200
EFG International Fina7.000    4/20/2022   USD     59.440
Credit Suisse AG/Londo11.750   2/18/2022   USD     35.570
Leonteq Securities AG 10.000   7/20/2022   CHF     40.860
Bank Vontobel AG      12.500   11/28/2022  CHF     57.000
Leonteq Securities AG/20.600   12/02/2022  CHF     70.880
HPI AG                3.500                EUR      3.011
PSN Pm OOO            9.500    09/10/2026  RUB     21.625
Lehman Brothers Treasu3.860    9/21/2011   SGD      0.100
Lehman Brothers Treasu7.375    9/20/2008   EUR      0.100
Hellas Telecommunicati6.054    1/15/2015   USD      0.001
Credit Agricole Corpor11.190   03/12/2027  TRY     55.061
Deutsche Bank AG/Londo0.500    04/05/2038  MXN     24.128
Laurel GmbH           7.125    11/16/2017  EUR      7.750
Sberbank of Russia PJS0.010    10/31/2025  RUB     69.510
Credit Agricole Corpor15.000   6/18/2026   TRY     70.406
Getin Noble Bank SA   8.230    4/29/2024   PLN     64.874
Santander Consumer Ban5.530                NOK     49.646
HSBC Bank PLC         0.500    12/22/2025  BRL     63.719
OR PJSC               12.600   9/28/2025   RUB     33.210
Deutsche Bank AG/Londo2.000    10/25/2023  TRY     58.813
Turkey Government Bond12.400   03/08/2028  TRY     69.000
SAir Group            6.250    04/12/2005  CHF     12.625
Sberbank of Russia PJS0.950    4/23/2025   RUB     75.000
Credit Agricole Corpor14.280   11/05/2026  TRY     68.039
Credit Agricole Corpor11.190   1/15/2026   TRY     59.984
Lehman Brothers Treasu8.875    1/28/2011   HKD      0.100
Credit Agricole Corpor11.550   1/28/2026   TRY     59.126
Bilt Paper BV         10.360               USD      1.309
Dyadya Doner OOO      13.500   4/25/2023   RUB     27.120
AKB Metallurgical Inve6.500    09/04/2023  RUB     70.000
BrokerCreditService St3.500    4/30/2024   USD     48.500
Landesbank Baden-Wuert10.550   1/28/2022   EUR     69.450
BrokerCreditService St3.750    08/12/2022  USD     51.790
Luzerner Kantonalbank 25.000   03/09/2022  CHF     25.080
Leonteq Securities AG/9.450    5/13/2022   USD     41.510
UBS AG/London         16.500   6/30/2022   USD     45.800
Bank Vontobel AG      11.500   4/25/2022   USD     42.500
Credit Suisse AG/Londo11.000   3/28/2022   USD     48.080
UniCredit Bank AG     6.600    7/20/2028   EUR     61.200
UBS AG/London         9.250    2/13/2023   USD     46.500
Credit Suisse AG/Londo12.500   8/18/2022   CHF     59.710
Credit Suisse AG/Londo12.400   9/25/2023   EUR     66.870
Bank Vontobel AG      25.000   8/25/2022   CHF     57.700
Lehman Brothers Treasu6.450    2/20/2010   AUD      0.100
Ukraine Government Bon9.700    06/02/2032  UAH     71.340
Turkey Government Bond11.000   2/24/2027   TRY     67.000
Getin Noble Bank SA   5.250    1/31/2024   PLN     70.375
Windreich GmbH        6.750    03/01/2015  EUR      4.475
Lehman Brothers Treasu3.500    12/20/2027  USD      0.100
Heta Asset Resolution 5.920    12/31/2023  EUR      1.169
Waste Italia SpA      10.500   11/15/2019  EUR      0.550
IT Holding Finance SA 9.875    11/15/2012  EUR      0.015
Northland Resources AB4.000    10/15/2020  USD      0.271
UniCredit Bank AG     3.800    6/28/2022   EUR     47.210
UniCredit Bank AG     4.250    6/28/2022   EUR     46.200
UniCredit Bank AG     3.700    6/25/2022   EUR     52.890
Landesbank Baden-Wuert3.000    9/23/2022   EUR     59.850
Landesbank Baden-Wuert3.000    12/23/2022  EUR     57.880
Vontobel Financial Pro18.500   3/25/2022   EUR     68.410
Vontobel Financial Pro16.000   3/25/2022   EUR     73.230
Vontobel Financial Pro21.500   3/25/2022   EUR     64.630
Raiffeisen Switzerland11.000   08/05/2022  EUR     55.910
Societe Generale Effek13.250   3/25/2022   EUR     62.730
Societe Generale Effek15.250   3/25/2022   EUR     58.690
Societe Generale Effek11.250   3/25/2022   EUR     67.860
Leonteq Securities AG 12.000   02/09/2022  CHF     30.150
Vontobel Financial Pro14.000   3/25/2022   EUR     29.010
Societe Generale Effek16.465   04/06/2022  EUR     68.500
Raiffeisen Switzerland12.000   1/25/2022   CHF     56.370
Zurcher Kantonalbank F8.000    2/25/2022   CHF     64.050
Bank Julius Baer & Co 7.200    1/26/2022   CHF     74.050
Leonteq Securities AG/10.000   4/26/2022   EUR     61.990
Leonteq Securities AG 12.000   05/03/2022  CHF     68.220
Landesbank Baden-Wuert6.000    8/26/2022   EUR     72.890
Landesbank Baden-Wuert4.050    8/26/2022   EUR     38.120
EFG International Fina15.000   02/03/2022  USD     37.110
UBS AG/London         11.250   02/03/2023  CHF     62.100
UBS AG/London         19.750   02/03/2022  USD     59.000
Leonteq Securities AG 23.460   02/04/2022  CHF     42.280
Zurcher Kantonalbank F15.000   02/04/2022  USD     64.310
UniCredit Bank AG     3.600    10/05/2022  EUR     61.560
UniCredit Bank AG     3.850    10/05/2023  EUR     73.330
DekaBank Deutsche Giro2.600    10/24/2023  EUR     62.360
Danske Bank A/S       10.300   07/09/2023  SEK     11.600
DekaBank Deutsche Giro2.500    10/24/2023  EUR     62.190
Leonteq Securities AG/11.000   05/05/2022  CHF     53.960
UniCredit Bank AG     3.450    04/02/2024  EUR     64.780
DZ Bank AG Deutsche Ze10.250   3/23/2022   EUR     37.520
DZ Bank AG Deutsche Ze12.500   3/23/2022   EUR     69.750
Zurcher Kantonalbank F12.250   03/11/2022  CHF     65.160
Leonteq Securities AG/17.600   06/08/2022  USD     46.590
Leonteq Securities AG/16.400   06/02/2022  CHF     46.290
Landesbank Baden-Wuert4.050    3/24/2023   EUR     45.020
Landesbank Baden-Wuert3.150    3/24/2023   EUR     73.450
DZ Bank AG Deutsche Ze17.700   3/25/2022   EUR     66.680
DZ Bank AG Deutsche Ze16.700   3/25/2022   EUR     37.440
DZ Bank AG Deutsche Ze7.900    3/25/2022   EUR     65.740
DZ Bank AG Deutsche Ze12.600   3/25/2022   EUR     38.010
DZ Bank AG Deutsche Ze16.300   3/25/2022   EUR     34.530
DZ Bank AG Deutsche Ze20.200   3/25/2022   EUR     31.900
DZ Bank AG Deutsche Ze19.400   3/25/2022   EUR     71.690
UBS AG/London         10.000   03/03/2022  CHF     50.600
SG Issuer SA          2.100    2/14/2033   EUR     28.130
Landesbank Baden-Wuert4.750    2/25/2022   EUR     44.180
DekaBank Deutsche Giro4.250    05/03/2022  EUR     64.900
Nordea Bank Abp       4.100    7/20/2023   SEK     51.500
SG Issuer SA          8.700    1/20/2025   SEK     69.590
Leonteq Securities AG 5.400    7/25/2022   CHF     63.020
UniCredit Bank AG     3.500    8/24/2022   EUR     58.520
UniCredit Bank AG     3.650    7/23/2022   EUR     53.410
Societe Generale SA   3.900    3/23/2022   USD      0.100
SG Issuer SA          1.400    03/07/2033  EUR     27.640
Bank Vontobel AG      13.259   7/29/2022   CHF     52.100
DZ Bank AG Deutsche Ze9.000    2/23/2022   EUR     30.990
DZ Bank AG Deutsche Ze12.250   2/23/2022   EUR     61.710
Landesbank Baden-Wuert8.100    8/26/2022   EUR     66.920
UniCredit Bank AG     4.450    7/23/2022   EUR     66.380
UniCredit Bank AG     4.150    7/26/2022   EUR     50.950
EFG International Fina6.200    08/05/2022  EUR     46.940
UniCredit Bank AG     5.910    1/25/2022   USD     64.970
UniCredit Bank AG     4.200    7/26/2022   EUR     30.850
Landesbank Baden-Wuert3.400    2/24/2023   EUR     64.410
Landesbank Baden-Wuert4.100    1/28/2022   EUR     48.960
Landesbank Baden-Wuert3.400    11/25/2022  EUR     57.830
Landesbank Baden-Wuert3.400    1/27/2023   EUR     62.030
Landesbank Baden-Wuert3.250    2/24/2023   EUR     65.090
SG Issuer SA          5.000    04/02/2024  EUR     58.210
UniCredit Bank AG     5.150    01/02/2023  EUR     59.150
Landesbank Baden-Wuert9.000    10/28/2022  EUR     67.220
Landesbank Baden-Wuert4.000    10/28/2022  EUR     73.540
Landesbank Baden-Wuert6.500    10/28/2022  EUR     70.140
Raiffeisen Schweiz Gen18.000   8/30/2022   CHF     51.070
Credit Suisse AG/Londo10.500   10/26/2022  CHF     58.570
Credit Suisse AG/Londo9.000    11/03/2022  CHF     68.860
Societe Generale Effek18.750   3/25/2022   EUR     64.100
Credit Suisse AG/Londo14.000   11/02/2022  CHF     50.830
Vontobel Financial Pro20.250   05/09/2022  USD     67.950
Credit Suisse AG/Londo15.000   11/02/2022  USD     50.380
Leonteq Securities AG/21.600   11/08/2022  CHF     59.720
Barclays Bank PLC     0.333    11/08/2023  USD      9.490
Societe Generale Effek8.750    6/24/2022   EUR     71.650
Leonteq Securities AG 14.000   12/20/2022  CHF     59.110
Leonteq Securities AG 22.220   9/16/2022   CHF     51.460
Leonteq Securities AG 17.200   9/20/2022   CHF     47.500
Zurcher Kantonalbank F26.500   9/13/2022   USD     58.570
UBS AG/London         9.750    3/15/2023   CHF     63.300
Leonteq Securities AG/10.000   12/20/2022  CHF     60.100
Zurcher Kantonalbank F25.500   9/13/2022   CHF     57.930
VTB Bank PJSC         0.010    07/06/2024  RUB     75.600
DekaBank Deutsche Giro2.800    05/02/2022  EUR     52.160
Landesbank Baden-Wuert2.300    6/24/2022   EUR     54.920
Landesbank Baden-Wuert2.750    3/25/2022   EUR     59.860
Corner Banca SA       14.000   05/09/2022  CHF     48.150
Leonteq Securities AG 13.000   05/09/2022  CHF     47.710
UBS AG/London         13.250   05/12/2022  USD     45.700
UBS AG/London         13.500   05/12/2022  USD     45.750
Bank Vontobel AG      8.000    7/18/2022   CHF     54.600
Societe Generale Effek20.500   3/25/2022   EUR     59.880
Societe Generale Effek15.250   8/26/2022   EUR     64.860
Vontobel Financial Pro17.000   9/23/2022   EUR     67.010
Corner Banca SA       13.000   10/19/2022  CHF     56.320
Vontobel Financial Pro9.500    9/23/2022   EUR     72.890
Vontobel Financial Pro12.000   6/24/2022   EUR     71.650
Corner Banca SA       11.200   7/19/2022   CHF     72.350
Leonteq Securities AG 10.000   10/19/2022  CHF     64.340
Vontobel Financial Pro18.500   9/23/2022   EUR     68.020
Vontobel Financial Pro19.500   6/24/2022   EUR     64.850
Corner Banca SA       20.000   9/13/2022   CHF     59.120
Leonteq Securities AG/13.000   11/30/2022  USD     57.990
Vontobel Financial Pro20.000   9/23/2022   EUR     69.010
Vontobel Financial Pro15.500   9/23/2022   EUR     66.020
Vontobel Financial Pro22.000   9/23/2022   EUR     70.340
EFG International Fina9.430    7/19/2022   USD     71.780
Leonteq Securities AG/10.000   07/12/2023  CHF     70.820
Vontobel Financial Pro12.500   6/24/2022   EUR     58.000
Vontobel Financial Pro10.500   6/24/2022   EUR     60.440
Vontobel Financial Pro15.000   6/24/2022   EUR     56.090
Vontobel Financial Pro9.500    6/24/2022   EUR     71.180
Vontobel Financial Pro11.000   6/24/2022   EUR     69.260
EFG International Fina14.000   8/25/2022   USD     53.100
EFG International Fina12.000   03/01/2023  CHF     63.800
Vontobel Financial Pro8.000    6/24/2022   EUR     63.060
Vontobel Financial Pro13.000   6/24/2022   EUR     67.720
Vontobel Financial Pro17.500   6/24/2022   EUR     54.490
Vontobel Financial Pro20.000   6/24/2022   EUR     53.130
Vontobel Financial Pro14.500   6/24/2022   EUR     66.120
EFG International Fina13.000   8/25/2022   CHF     62.260
Vontobel Financial Pro12.000   9/27/2022   EUR     49.610
Leonteq Securities AG/22.130   07/08/2022  CHF     36.820
EFG International Fina8.700    7/13/2023   EUR     66.770
UBS AG/London         12.000   11/30/2022  EUR     69.700
UBS AG/London         11.000   11/30/2022  CHF     62.600
Leonteq Securities AG/22.870   06/09/2022  CHF     58.590
Raiffeisen Schweiz Gen14.000   07/12/2022  CHF     62.410
Vontobel Financial Pro8.500    9/23/2022   EUR     63.350
Vontobel Financial Pro15.000   9/23/2022   EUR     65.070
Zurcher Kantonalbank F19.000   7/22/2022   CHF     60.030
EFG International Fina12.000   03/08/2023  CHF     62.410
Luzerner Kantonalbank 15.500   09/07/2022  CHF     53.070
Leonteq Securities AG 26.040   9/20/2022   CHF     48.710
UBS AG/London         11.250   12/09/2022  CHF     67.550
Vontobel Financial Pro18.000   9/23/2022   EUR     69.630
Zurcher Kantonalbank F8.100    12/14/2022  USD     69.720
Raiffeisen Schweiz Gen5.500    06/07/2023  CHF     72.940
UBS AG/London         10.500   06/09/2023  CHF     69.400
Vontobel Financial Pro10.500   6/24/2022   EUR     63.090
Vontobel Financial Pro20.000   6/24/2022   EUR     69.690
Leonteq Securities AG 16.000   6/28/2022   CHF     50.120
Leonteq Securities AG 17.000   6/28/2022   CHF     41.110
Leonteq Securities AG 14.000   12/28/2022  CHF     62.880
Leonteq Securities AG/12.000   6/28/2022   CHF     31.440
Leonteq Securities AG/22.560   6/24/2022   CHF     33.480
Leonteq Securities AG/17.000   6/28/2022   USD     58.470
Leonteq Securities AG/26.030   6/24/2022   CHF     41.400
Credit Suisse AG/Londo18.000   12/05/2023  USD      9.750
Leonteq Securities AG 23.200   09/07/2022  CHF     48.840
Leonteq Securities AG/11.000   09/07/2022  CHF     46.420
DZ Bank AG Deutsche Ze22.900   3/25/2022   EUR     61.450
DZ Bank AG Deutsche Ze15.800   9/23/2022   EUR     67.660
DZ Bank AG Deutsche Ze15.500   12/21/2022  EUR     72.830
DZ Bank AG Deutsche Ze14.500   9/21/2022   EUR     69.740
UniCredit Bank AG     6.650    9/28/2022   EUR     68.440
Raiffeisen Schweiz Gen13.000   09/06/2022  CHF     61.780
Raiffeisen Schweiz Gen17.000   09/07/2022  USD     49.210
Raiffeisen Schweiz Gen18.000   06/03/2022  CHF     50.800
Leonteq Securities AG/25.000   09/07/2022  CHF     51.110
DZ Bank AG Deutsche Ze21.300   9/23/2022   EUR     72.570
DZ Bank AG Deutsche Ze23.200   9/23/2022   EUR     71.130
DZ Bank AG Deutsche Ze22.500   9/23/2022   EUR     69.560
DZ Bank AG Deutsche Ze21.900   6/24/2022   EUR     70.110
DZ Bank AG Deutsche Ze23.500   3/25/2022   EUR     65.500
DZ Bank AG Deutsche Ze22.000   6/24/2022   EUR     66.590
DZ Bank AG Deutsche Ze24.100   9/23/2022   EUR     65.390
DZ Bank AG Deutsche Ze23.100   6/24/2022   EUR     66.550
DZ Bank AG Deutsche Ze22.200   9/23/2022   EUR     67.940
Luzerner Kantonalbank 10.120   12/23/2022  CHF     58.850
EFG International Fina17.000   6/23/2022   CHF     59.110
UBS AG/London         9.750    12/23/2022  CHF     65.300
UBS AG/London         8.250    6/23/2022   CHF     54.550
UBS AG/London         16.750   12/23/2022  CHF     58.300
Basler Kantonalbank   12.000   9/29/2022   CHF     56.640
EFG International Fina12.000   3/29/2023   USD     51.540
Leonteq Securities AG/22.200   10/04/2022  CHF     52.260
Societe Generale Effek17.750   7/22/2022   EUR     71.360
Credit Suisse AG/Londo25.000   10/20/2026  USD      9.456
Leonteq Securities AG/22.800   10/05/2022  CHF     63.230
Vontobel Financial Pro15.250   9/23/2022   EUR     62.380
EFG International Fina15.000   10/06/2022  USD     66.880
Vontobel Financial Pro13.950   05/05/2022  CHF     62.240
Vontobel Financial Pro19.250   05/05/2022  USD     68.550
Bank Julius Baer & Co 17.200   02/06/2023  USD     62.050
Vontobel Financial Pro13.000   12/23/2022  EUR     69.460
Vontobel Financial Pro15.500   12/23/2022  EUR     62.160
Vontobel Financial Pro18.500   12/23/2022  EUR     66.030
Leonteq Securities AG 24.000   11/04/2022  CHF     63.430
Bank Vontobel AG      16.500   01/03/2023  EUR     48.800
Bank Vontobel AG      8.500    11/03/2023  CHF     59.000
Bank Vontobel AG      14.250   11/07/2022  CHF     70.600
Leonteq Securities AG 15.000   11/08/2022  CHF     67.500
Leonteq Securities AG/14.000   02/08/2023  USD     65.170
Leonteq Securities AG/13.000   11/08/2022  CHF     60.180
Leonteq Securities AG 10.000   01/04/2023  CHF     61.700
Leonteq Securities AG 15.000   01/04/2023  CHF     61.490
Zurcher Kantonalbank F15.000   8/24/2022   CHF     53.230
UBS AG/London         17.250   11/24/2022  EUR     71.300
Leonteq Securities AG/22.820   11/25/2022  CHF     69.180
Societe Generale Effek10.750   11/25/2022  EUR     71.580
Societe Generale Effek12.750   11/25/2022  EUR     69.130
Societe Generale Effek14.750   11/25/2022  EUR     67.460
Societe Generale Effek18.000   7/22/2022   EUR     64.970
Societe Generale Effek16.000   9/23/2022   EUR     66.260
Bank Julius Baer & Co 8.550    8/19/2022   USD     70.350
Bank Julius Baer & Co 8.450    8/19/2022   USD     69.600
Leonteq Securities AG/10.000   11/25/2022  CHF     68.690
Leonteq Securities AG 11.000   01/11/2023  CHF     63.710
Leonteq Securities AG/18.000   10/12/2022  USD     55.740
Leonteq Securities AG/24.600   10/07/2022  CHF     55.400
Leonteq Securities AG/12.000   10/11/2022  CHF     53.320
Credit Suisse AG/Londo13.500   11/28/2022  CHF     62.740
Credit Suisse AG/Londo15.000   11/29/2022  USD     63.260
Bank Vontobel AG      12.250   11/28/2022  CHF     59.400
Raiffeisen Switzerland19.000   12/06/2022  CHF     60.640
Landesbank Baden-Wuert6.200    1/28/2022   EUR     54.250
Zurcher Kantonalbank F8.000    07/01/2022  CHF     68.360
Vontobel Financial Pro9.500    6/24/2022   EUR     51.180
Vontobel Financial Pro12.000   6/24/2022   EUR     74.090
Bank Julius Baer & Co 11.000   6/27/2022   CHF     56.800
Vontobel Financial Pro14.000   6/24/2022   EUR     59.570
Vontobel Financial Pro18.500   6/24/2022   EUR     57.200
Vontobel Financial Pro7.000    6/24/2022   EUR     67.470
Landesbank Baden-Wuert3.100    6/24/2022   EUR     69.360
Landesbank Baden-Wuert4.350    6/24/2022   EUR     66.870
Landesbank Baden-Wuert4.550    5/27/2022   EUR     50.670
Landesbank Baden-Wuert6.400    5/27/2022   EUR     47.940
Landesbank Baden-Wuert8.500    5/27/2022   EUR     45.700
Landesbank Baden-Wuert2.050    6/24/2022   EUR     72.190
Landesbank Baden-Wuert3.300    5/27/2022   EUR     57.870
Landesbank Baden-Wuert6.700    5/27/2022   EUR     49.820
EFG International Fina14.000   11/21/2022  CHF     33.600
Leonteq Securities AG 16.000   5/25/2022   CHF     24.900
Leonteq Securities AG/25.030   2/25/2022   USD     35.570
Vontobel Financial Pro8.500    5/25/2022   USD     69.180
Vontobel Financial Pro12.500   6/24/2022   EUR     47.990
Leonteq Securities AG/12.000   6/21/2022   CHF     61.010
Vontobel Financial Pro23.500   3/25/2022   EUR     72.300
Vontobel Financial Pro13.500   3/25/2022   EUR     35.240
Vontobel Financial Pro11.500   3/25/2022   EUR     36.980
Vontobel Financial Pro7.500    3/25/2022   EUR     41.320
Vontobel Financial Pro16.000   3/25/2022   EUR     33.820
Vontobel Financial Pro12.000   3/25/2022   EUR     52.850
Vontobel Financial Pro22.000   3/25/2022   EUR     70.670
EFG International Fina7.000    3/23/2023   USD     39.070
DZ Bank AG Deutsche Ze14.400   3/25/2022   EUR     41.880
DZ Bank AG Deutsche Ze16.700   3/25/2022   EUR     39.570
DZ Bank AG Deutsche Ze14.800   3/25/2022   EUR     72.720
DZ Bank AG Deutsche Ze21.700   3/25/2022   EUR     65.500
DZ Bank AG Deutsche Ze23.500   3/25/2022   EUR     62.330
DZ Bank AG Deutsche Ze21.600   3/25/2022   EUR     66.280
DZ Bank AG Deutsche Ze18.600   3/25/2022   EUR     71.820
DZ Bank AG Deutsche Ze16.600   3/25/2022   EUR     73.880
DZ Bank AG Deutsche Ze19.800   3/25/2022   EUR     69.320
Bank Julius Baer & Co 7.450    9/26/2022   USD     65.400
Zurcher Kantonalbank F18.000   07/01/2022  USD     68.160
Leonteq Securities AG/20.760   6/17/2022   CHF     38.050
Vontobel Financial Pro17.000   6/24/2022   EUR     72.420
Vontobel Financial Pro7.500    6/24/2022   EUR     52.680
Vontobel Financial Pro15.000   6/24/2022   EUR     46.260
Vontobel Financial Pro10.000   6/24/2022   EUR     50.090
Vontobel Financial Pro17.500   6/24/2022   EUR     44.870
Bank Julius Baer & Co 10.800   5/25/2022   USD     59.600
Leonteq Securities AG 13.000   12/21/2022  CHF     65.660
Leonteq Securities AG 15.000   6/21/2022   CHF     35.720
Zurcher Kantonalbank F10.500   06/02/2022  CHF     69.480
Raiffeisen Schweiz Gen10.500   6/21/2022   CHF     62.000
Corner Banca SA       12.000   12/21/2022  CHF     52.450
Vontobel Financial Pro7.000    6/24/2022   EUR     70.890
Vontobel Financial Pro19.500   6/24/2022   EUR     66.570
Vontobel Financial Pro16.500   6/24/2022   EUR     65.320
Vontobel Financial Pro11.000   6/24/2022   EUR     69.240
Vontobel Financial Pro16.000   6/24/2022   EUR     58.200
Vontobel Financial Pro12.000   6/24/2022   EUR     61.120
Leonteq Securities AG/10.000   7/19/2022   CHF     22.990
Vontobel Financial Pro10.000   9/23/2022   EUR     68.030
Vontobel Financial Pro11.500   6/24/2022   EUR     66.300
Zurcher Kantonalbank F24.000   6/17/2022   CHF     61.480
Vontobel Financial Pro11.000   6/24/2022   EUR     72.050
Zurcher Kantonalbank F12.000   6/21/2022   CHF     65.190
Vontobel Financial Pro19.500   6/24/2022   EUR     44.070
Leonteq Securities AG 13.200   10/19/2022  CHF     53.380
Zurcher Kantonalbank F18.000   6/30/2022   CHF     52.710
Bank Vontobel AG      14.000   12/19/2022  CHF     36.100
Bank Vontobel AG      12.500   9/19/2022   CHF     66.200
Bank Vontobel AG      7.000    9/19/2022   CHF     64.300
Leonteq Securities AG/14.200   10/19/2022  USD     53.190
UBS AG/London         14.750   4/14/2023   USD     65.800
UBS AG/London         13.250   4/14/2023   USD     68.950
UBS AG/London         13.000   10/06/2022  CHF     52.800
UBS AG/London         21.250   2/20/2023   CHF     56.750
UBS AG/London         9.250    2/27/2023   CHF     65.400
UBS AG/London         15.750   2/27/2023   CHF     56.750
Credit Suisse AG/Londo12.250   7/28/2022   CHF     72.530
Credit Suisse AG/Londo8.000    10/28/2022  CHF     66.860
Credit Suisse AG/Londo9.500    08/03/2022  CHF     61.610
UBS AG/London         10.250   02/06/2023  CHF     64.150
Bank Vontobel AG      15.000   8/29/2022   USD     51.800
Raiffeisen Schweiz Gen4.000    03/03/2023  CHF     73.430
Leonteq Securities AG/20.000   09/07/2022  USD     56.340
Societe Generale Effek17.000   5/27/2022   EUR     66.870
Leonteq Securities AG/26.200   09/07/2022  CHF     54.200
EFG International Fina11.000   1/23/2023   CHF     65.470
Raiffeisen Schweiz Gen10.000   1/16/2023   CHF     68.420
Leonteq Securities AG 23.400   11/02/2022  CHF     69.960
Banque Internationale 18.000   11/02/2022  EUR     59.430
DZ Bank AG Deutsche Ze20.700   9/23/2022   EUR     64.000
DZ Bank AG Deutsche Ze18.000   6/24/2022   EUR     64.960
Leonteq Securities AG 22.440   10/11/2022  CHF     53.860
DZ Bank AG Deutsche Ze22.900   9/23/2022   EUR     71.360
DZ Bank AG Deutsche Ze12.300   9/23/2022   EUR     76.320
Raiffeisen Schweiz Gen12.000   01/04/2023  CHF     63.220
Raiffeisen Switzerland17.500   11/08/2022  USD     59.320
Vontobel Financial Pro7.500    9/23/2022   EUR     60.120
Vontobel Financial Pro19.000   6/24/2022   EUR     53.840
Vontobel Financial Pro8.500    6/24/2022   EUR     59.680
Vontobel Financial Pro14.500   6/24/2022   EUR     55.600
Vontobel Financial Pro13.000   9/23/2022   EUR     70.880
Vontobel Financial Pro15.500   9/23/2022   EUR     68.130
Vontobel Financial Pro12.500   6/24/2022   EUR     71.100
Vontobel Financial Pro21.500   9/23/2022   EUR     64.670
Vontobel Financial Pro21.500   6/24/2022   EUR     63.350
Societe Generale Effek12.500   10/28/2022  EUR     70.500
Vontobel Financial Pro9.250    12/23/2022  EUR     55.170
Raiffeisen Schweiz Gen18.000   10/04/2022  CHF     48.860
UniCredit Bank AG     9.950    9/14/2022   EUR     61.020
Bank Julius Baer & Co 14.000   11/23/2022  CHF     69.700
DZ Bank AG Deutsche Ze18.500   11/25/2022  EUR     70.450
DZ Bank AG Deutsche Ze17.700   3/24/2023   EUR     71.470
Leonteq Securities AG 24.240   9/30/2022   CHF     61.540
Zurcher Kantonalbank F11.750   8/25/2022   CHF     69.540
Leonteq Securities AG/19.430   10/04/2022  CHF     49.590
Leonteq Securities AG/22.160   8/17/2022   CHF     49.070
Bank Vontobel AG      20.000   11/21/2022  CHF     63.300
Raiffeisen Schweiz Gen15.000   11/16/2022  CHF     71.000
Landesbank Baden-Wuert3.650    3/24/2023   EUR     65.990
Landesbank Baden-Wuert6.200    3/24/2023   EUR     62.710
Vontobel Financial Pro15.000   9/23/2022   EUR     67.440
DZ Bank AG Deutsche Ze9.500    9/21/2022   EUR     62.350
Vontobel Financial Pro16.750   9/23/2022   EUR     57.030
DZ Bank AG Deutsche Ze17.700   12/23/2022  EUR     70.940
DZ Bank AG Deutsche Ze20.400   12/23/2022  EUR     69.870
Leonteq Securities AG/19.330   10/04/2022  CHF     52.710
Vontobel Financial Pro17.000   9/23/2022   EUR     55.020
Vontobel Financial Pro6.000    9/23/2022   EUR     61.540
Bank Julius Baer & Co 7.900    2/13/2023   EUR     72.300
Zurcher Kantonalbank F20.500   9/13/2022   CHF     66.480
Leonteq Securities AG/24.440   09/02/2022  CHF     52.070
Vontobel Financial Pro5.500    12/23/2022  EUR     72.340
Vontobel Financial Pro15.000   12/23/2022  EUR     65.680
Raiffeisen Schweiz Gen16.000   9/20/2022   CHF     45.740
Raiffeisen Schweiz Gen16.000   9/20/2022   CHF     61.380
Leonteq Securities AG 25.680   9/23/2022   CHF     58.600
Leonteq Securities AG 20.880   9/23/2022   CHF     48.820
Vontobel Financial Pro15.000   9/23/2022   EUR     72.660
Vontobel Financial Pro17.000   9/23/2022   EUR     67.100
Vontobel Financial Pro20.000   9/23/2022   EUR     65.370
Vontobel Financial Pro18.500   9/23/2022   EUR     66.180
Vontobel Financial Pro17.500   6/24/2022   EUR     65.850
Vontobel Financial Pro19.500   6/24/2022   EUR     64.530
Vontobel Financial Pro24.000   6/24/2022   EUR     62.500
Vontobel Financial Pro18.250   9/23/2022   EUR     45.880
Zurcher Kantonalbank F13.000   09/08/2022  CHF     62.110
Zurcher Kantonalbank F26.000   09/09/2022  USD     52.360
DZ Bank AG Deutsche Ze9.400    12/23/2022  EUR     76.030
DZ Bank AG Deutsche Ze15.600   12/23/2022  EUR     72.890
DZ Bank AG Deutsche Ze15.100   9/23/2022   EUR     73.030
DZ Bank AG Deutsche Ze9.600    12/23/2022  EUR     58.970
DZ Bank AG Deutsche Ze17.100   12/23/2022  EUR     69.980
DZ Bank AG Deutsche Ze18.800   9/23/2022   EUR     71.630
Zurcher Kantonalbank F19.000   9/13/2022   USD     67.500
Zurcher Kantonalbank F18.000   9/13/2022   CHF     67.470
Zurcher Kantonalbank F27.000   9/13/2022   USD     51.670
Zurcher Kantonalbank F26.000   9/13/2022   CHF     51.210
Vontobel Financial Pro14.000   9/23/2022   EUR     56.320
Vontobel Financial Pro10.500   6/24/2022   EUR     58.150
Vontobel Financial Pro14.000   9/23/2022   EUR     52.940
Vontobel Financial Pro14.000   9/23/2022   EUR     46.580
Leonteq Securities AG 24.480   9/21/2022   CHF     55.120
Vontobel Financial Pro12.500   9/23/2022   EUR     54.820
Zurcher Kantonalbank F24.750   09/09/2022  CHF     51.940
Landesbank Baden-Wuert6.100    8/25/2023   EUR     61.460
DZ Bank AG Deutsche Ze14.700   12/23/2022  EUR     57.230
Vontobel Financial Pro15.250   9/23/2022   EUR     66.950
Bank Julius Baer & Co 7.600    09/02/2022  USD     54.250
Vontobel Financial Pro10.500   9/23/2022   EUR     57.760
Leonteq Securities AG/24.190   8/30/2022   CHF     46.590
Leonteq Securities AG/18.000   8/31/2022   CHF     63.330
EFG International Fina21.000   09/02/2022  USD     51.730
Banque Internationale 11.000   11/09/2022  CHF     68.960
Leonteq Securities AG/21.600   11/09/2022  CHF     61.760
Leonteq Securities AG/25.200   11/09/2022  CHF     66.440
Landesbank Baden-Wuert4.800    8/25/2023   EUR     62.990
Vontobel Financial Pro11.700   1/24/2023   USD     63.820
Zurcher Kantonalbank F20.000   10/26/2022  USD     58.210
DZ Bank AG Deutsche Ze17.000   6/24/2022   EUR     70.810
Leonteq Securities AG/11.000   1/19/2023   CHF     68.050
Vontobel Financial Pro16.500   9/23/2022   EUR     62.660
Vontobel Financial Pro15.500   6/24/2022   EUR     62.570
Bank Julius Baer & Co 13.000   6/22/2022   CHF     55.800
Bank Vontobel AG      13.750   03/06/2023  EUR     69.300
DZ Bank AG Deutsche Ze12.500   8/24/2022   EUR     55.160
Bank Vontobel AG      15.000   05/02/2023  CHF     61.600
DZ Bank AG Deutsche Ze23.000   6/24/2022   EUR     72.720
DZ Bank AG Deutsche Ze22.400   6/24/2022   EUR     65.450
Leonteq Securities AG 20.400   11/01/2022  CHF     72.230
Corner Banca SA       20.000   11/01/2022  USD     62.070
EFG International Fina12.000   7/21/2022   CHF     67.660
Raiffeisen Schweiz Gen12.250   05/02/2023  CHF     59.340
Zurcher Kantonalbank F6.750    7/27/2022   USD     62.660
Zurcher Kantonalbank F17.000   7/27/2022   CHF     58.150
Zurcher Kantonalbank F16.000   7/26/2022   CHF     64.340
Zurcher Kantonalbank F19.000   6/30/2022   USD     53.020
UBS AG/London         13.750   10/06/2023  USD     64.400
Credit Suisse AG/Londo12.500   7/29/2022   USD     36.330
Credit Suisse AG/Londo10.000   08/03/2022  EUR     60.700
UBS AG/London         13.000   04/06/2023  USD     54.850
Bank Julius Baer & Co 4.850    7/20/2022   CHF     68.950
UBS AG/London         12.000   02/06/2023  USD     69.400
DekaBank Deutsche Giro4.000    8/18/2022   EUR     64.410
DZ Bank AG Deutsche Ze10.750   8/24/2022   EUR     59.730
DZ Bank AG Deutsche Ze24.400   3/25/2022   EUR     72.510
Vontobel Financial Pro8.500    6/24/2022   EUR     73.180
Leonteq Securities AG 23.320   09/07/2022  CHF     55.960
Leonteq Securities AG/9.000    03/07/2023  USD     62.990
Vontobel Financial Pro13.500   9/23/2022   EUR     65.160
UniCredit Bank AG     7.650    7/18/2022   EUR     68.790
Leonteq Securities AG/22.790   6/22/2022   CHF     49.830
Vontobel Financial Pro10.500   6/24/2022   EUR     74.070
Vontobel Financial Pro13.000   6/24/2022   EUR     67.250
Vontobel Financial Pro5.500    6/24/2022   EUR     70.130
Vontobel Financial Pro8.500    6/24/2022   EUR     65.060
Credit Suisse AG/Londo9.500    6/21/2022   USD     44.880
Leonteq Securities AG/10.000   1/19/2023   USD     37.000
DZ Bank AG Deutsche Ze11.250   7/20/2022   EUR     52.250
Credit Suisse AG/Londo9.500    10/18/2022  CHF     59.640
Credit Suisse AG/Londo12.250   10/24/2022  CHF     52.550
Credit Suisse AG/Londo13.500   10/24/2022  USD     52.740
Bank Vontobel AG      16.500   10/31/2022  CHF     58.100
DZ Bank AG Deutsche Ze19.200   3/25/2022   EUR     67.980
DZ Bank AG Deutsche Ze18.300   6/24/2022   EUR     61.260
DZ Bank AG Deutsche Ze20.000   6/24/2022   EUR     60.060
DZ Bank AG Deutsche Ze16.400   9/23/2022   EUR     61.770
EFG International Fina14.000   10/13/2022  CHF     57.180
Vontobel Financial Pro11.500   9/23/2022   EUR     65.340
Vontobel Financial Pro16.500   9/23/2022   EUR     62.290
Vontobel Financial Pro14.000   9/23/2022   EUR     63.670
Vontobel Financial Pro19.500   9/23/2022   EUR     61.570
Vontobel Financial Pro9.000    9/23/2022   EUR     67.350
Luzerner Kantonalbank 7.500    08/09/2023  CHF     69.570
Bank Vontobel AG      14.000   9/19/2022   CHF     48.300
Bank Vontobel AG      13.002   9/19/2022   CHF     26.900
UBS AG/London         9.750    04/06/2023  USD     61.050
Credit Suisse AG/Londo18.250   08/08/2022  USD     47.200
Zurcher Kantonalbank F23.000   10/20/2022  CHF     66.090
Zurcher Kantonalbank F14.500   10/24/2022  USD     40.980
UBS AG/London         10.000   12/30/2022  CHF     68.550
Bank Vontobel AG      10.000   1/23/2023   CHF     60.800
UBS AG/London         18.750   02/06/2023  CHF     61.650
Leonteq Securities AG/10.600   7/19/2022   USD     37.800
Leonteq Securities AG/13.000   7/19/2022   USD     43.250
Leonteq Securities AG/27.800   4/22/2022   CHF   #N/A N/A
Leonteq Securities AG/20.000   7/20/2022   CHF     67.860
Vontobel Financial Pro10.500   9/23/2022   EUR     45.080
Zurcher Kantonalbank F16.000   7/28/2022   CHF     61.310
Vontobel Financial Pro27.900   05/09/2022  EUR     69.170
Raiffeisen Schweiz Gen15.000   06/07/2022  CHF     69.660
Leonteq Securities AG/24.870   6/14/2022   CHF     28.710
Bank Julius Baer & Co 16.000   9/23/2022   CHF     56.450
UniCredit Bank AG     7.400    12/07/2022  EUR     65.570
VTB Bank PJSC         0.010    10/14/2026  RUB     65.930
Credit Suisse AG/Londo17.000   11/10/2022  USD     52.060
Credit Suisse AG/Londo9.250    11/10/2022  CHF     62.630
UniCredit Bank AG     11.700   12/15/2022  EUR     69.600
Zurcher Kantonalbank F16.000   02/09/2022  CHF     67.400
Societe Generale Effek17.000   3/25/2022   EUR     59.530
EFG International Fina22.900   6/15/2022   CHF     47.530
Zurcher Kantonalbank F20.500   08/09/2022  CHF     54.970
Landesbank Baden-Wuert3.150    6/24/2022   EUR     37.020
Vontobel Financial Pro11.100   1/31/2022   EUR     57.170
Landesbank Baden-Wuert4.700    9/23/2022   EUR     60.740
Landesbank Baden-Wuert9.000    9/23/2022   EUR     70.160
Vontobel Financial Pro17.750   6/24/2022   EUR     39.540
Landesbank Baden-Wuert2.850    9/23/2022   EUR     64.080
Societe Generale Effek18.250   6/24/2022   EUR     70.170
Leonteq Securities AG/22.450   7/29/2022   CHF     50.150
Vontobel Financial Pro14.750   6/24/2022   EUR     35.700
Vontobel Financial Pro17.000   9/23/2022   EUR     58.070
Landesbank Baden-Wuert4.850    6/24/2022   EUR     32.100
Vontobel Financial Pro12.000   6/24/2022   EUR     63.370
Leonteq Securities AG/20.000   7/29/2022   CHF     67.010
Societe Generale Effek18.000   5/27/2022   EUR     61.080
Landesbank Baden-Wuert11.000   3/25/2022   EUR     68.120
Vontobel Financial Pro19.000   9/23/2022   EUR     47.710
UniCredit Bank AG     12.000   8/18/2022   EUR     53.920
Bank Vontobel AG      11.000   08/01/2022  EUR     70.800
Vontobel Financial Pro11.750   6/24/2022   EUR     47.500
UBS AG/London         12.250   06/09/2022  CHF     54.250
EFG International Fina11.000   06/10/2022  USD     53.300
Bank Vontobel AG      7.504    6/13/2022   CHF     49.900
Leonteq Securities AG 12.000   6/15/2022   CHF     48.910
EFG International Fina6.200    12/18/2023  USD     47.070
Vontobel Financial Pro4.050    7/15/2022   EUR     34.790
Leonteq Securities AG 13.000   6/21/2022   CHF     54.040
Leonteq Securities AG/16.000   6/21/2022   USD     52.250
EFG International Fina6.000    12/22/2023  USD     51.700
Corner Banca SA       14.000   11/02/2022  CHF     61.290
Leonteq Securities AG 15.000   08/02/2022  CHF     41.780
Leonteq Securities AG/17.000   08/02/2022  USD     47.780
Leonteq Securities AG/10.000   1/30/2023   USD     64.960
Leonteq Securities AG/20.000   08/03/2022  CHF     54.890
Corner Banca SA       20.000   8/30/2022   USD     59.120
Leonteq Securities AG 10.000   03/10/2023  CHF     61.040
EFG International Fina9.000    1/16/2023   CHF     65.190
Leonteq Securities AG/22.770   8/30/2022   CHF     55.620
Leonteq Securities AG 15.000   9/13/2022   CHF     48.320
Corner Banca SA       17.000   12/13/2022  USD     58.550
Leonteq Securities AG/18.000   9/13/2022   USD     58.650
Leonteq Securities AG/10.000   12/13/2022  USD     60.950
Vontobel Financial Pro13.750   6/24/2022   EUR     71.980
Vontobel Financial Pro10.750   6/24/2022   EUR     68.960
Societe Generale Effek16.750   6/24/2022   EUR     63.040
Leonteq Securities AG/20.000   7/13/2022   CHF     67.540
Vontobel Financial Pro14.000   9/23/2022   EUR     72.910
Bank Julius Baer & Co 14.500   1/13/2023   USD     47.750
UniCredit Bank AG     10.300   9/27/2024   EUR     70.400
Societe Generale Effek16.000   7/22/2022   EUR     63.750
Leonteq Securities AG/24.610   7/15/2022   CHF     60.960
Raiffeisen Schweiz Gen18.520   7/13/2022   CHF     48.880
Zurcher Kantonalbank F15.000   7/20/2022   CHF     65.030
Leonteq Securities AG/22.000   09/09/2022  CHF     49.970
Vontobel Financial Pro17.850   03/10/2022  USD     67.670
Vontobel Financial Pro17.750   6/24/2022   EUR     53.690
Leonteq Securities AG/28.010   4/19/2022   CHF     23.340
Leonteq Securities AG/23.000   09/09/2022  CHF     60.680
Bank Julius Baer & Co 14.580   09/09/2022  USD     45.750
Bank Vontobel AG      6.504    12/05/2022  CHF     62.300
Bank Vontobel AG      6.504    12/05/2022  CHF     62.300
UniCredit Bank AG     10.500   9/23/2024   EUR     72.090
Leonteq Securities AG/16.000   8/30/2022   CHF     45.300
Vontobel Financial Pro18.650   06/09/2022  EUR     24.060
SG Issuer SA          0.021    6/14/2033   EUR     25.730
Bank Julius Baer & Co 9.500    10/13/2022  CHF     71.700
Vontobel Financial Pro14.000   6/24/2022   EUR     54.090
Raiffeisen Centrobank 7.500    09/01/2023  EUR   #N/A N/A
Credit Suisse AG/Londo11.000   4/15/2022   USD     47.840
Vontobel Financial Pro11.500   6/24/2022   EUR     73.220
Vontobel Financial Pro14.000   6/24/2022   EUR     71.290
Vontobel Financial Pro19.000   6/24/2022   EUR     73.250
Vontobel Financial Pro19.500   6/24/2022   EUR     72.320
Vontobel Financial Pro20.500   3/25/2022   EUR     73.510
Vontobel Financial Pro13.000   3/25/2022   EUR     71.850
Societe Generale Effek15.000   2/25/2022   EUR     64.590
UniCredit Bank AG     3.600    09/02/2024  EUR     70.790
EFG International Fina22.000   9/15/2022   CHF     52.340
Vontobel Financial Pro16.000   6/24/2022   EUR     61.040
Vontobel Financial Pro19.500   6/24/2022   EUR     59.370
Vontobel Financial Pro17.000   6/24/2022   EUR     70.540
Vontobel Financial Pro18.000   6/24/2022   EUR     69.790
Leonteq Securities AG 18.000   10/06/2022  CHF     62.140
Corner Banca SA       16.000   07/06/2022  CHF     69.940
Zurcher Kantonalbank F15.000   7/13/2022   CHF     54.140
Leonteq Securities AG/10.000   10/05/2022  CHF     56.680
Vontobel Financial Pro7.350    6/15/2022   USD     63.910
Vontobel Financial Pro8.700    04/04/2022  CHF     63.390
Vontobel Financial Pro15.500   6/24/2022   EUR     69.360
Zurcher Kantonalbank F11.250   07/06/2022  EUR     48.260
Zurcher Kantonalbank F15.250   07/06/2022  CHF     60.380
Vontobel Financial Pro20.000   6/24/2022   EUR     62.220
Leonteq Securities AG/22.520   07/06/2022  CHF     29.730
Leonteq Securities AG/20.000   07/06/2022  CHF     61.800
Vontobel Financial Pro8.000    6/24/2022   EUR     67.590
Vontobel Financial Pro12.500   6/24/2022   EUR     69.460
Vontobel Financial Pro5.000    6/24/2022   EUR     73.310
Vontobel Financial Pro16.450   6/24/2022   EUR     69.290
Vontobel Financial Pro16.250   6/24/2022   EUR     69.540
Societe Generale Effek18.750   2/25/2022   EUR     61.790
DZ Bank AG Deutsche Ze15.750   2/23/2022   EUR     65.040
UniCredit Bank AG     5.250    12/01/2023  EUR     42.850
Vontobel Financial Pro13.000   6/24/2022   EUR     63.240
Vontobel Financial Pro18.000   6/24/2022   EUR     60.280
Vontobel Financial Pro19.500   6/24/2022   EUR     69.290
Vontobel Financial Pro16.000   6/24/2022   EUR     71.340
EFG International Fina17.000   9/15/2022   EUR     58.480
Zurcher Kantonalbank F12.000   7/14/2022   CHF     63.640
Bank Vontobel AG      7.500    01/03/2023  EUR     48.700
Bank Vontobel AG      17.500   07/04/2022  CHF     46.900
Bank Vontobel AG      9.250    01/04/2023  CHF     47.700
Vontobel Financial Pro8.500    6/24/2022   EUR     63.250
EFG International Fina17.000   07/08/2022  USD     48.300
Zurcher Kantonalbank F10.750   7/15/2022   EUR     49.530
Societe Generale SA   11.000   7/14/2026   USD     52.750
DZ Bank AG Deutsche Ze10.000   12/23/2022  EUR     70.740
DZ Bank AG Deutsche Ze10.000   6/24/2022   EUR     71.860
Leonteq Securities AG 22.340   4/14/2022   CHF     39.500
Leonteq Securities AG 26.140   4/14/2022   CHF     49.040
EFG International Fina18.000   4/14/2022   CHF     41.920
Zurcher Kantonalbank F15.000   4/26/2022   USD     52.830
Zurcher Kantonalbank F15.000   4/22/2022   CHF     60.480
UBS AG/London         11.250   4/14/2023   CHF     71.250
UBS AG/London         11.750   10/14/2022  CHF     63.250
Leonteq Securities AG 23.390   4/19/2022   CHF     43.760
Vontobel Financial Pro21.500   3/25/2022   EUR     72.390
Bank Julius Baer & Co 13.000   4/20/2022   USD     65.500
Vontobel Financial Pro10.000   9/23/2022   EUR     55.470
Vontobel Financial Pro15.000   6/24/2022   EUR     52.170
Vontobel Financial Pro18.000   6/24/2022   EUR     50.280
UBS AG/London         12.000   1/16/2023   CHF     68.550
Vontobel Financial Pro16.750   6/24/2022   EUR     68.730
Vontobel Financial Pro12.000   6/24/2022   EUR     63.710
Vontobel Financial Pro11.200   7/26/2022   EUR     69.330
Zurcher Kantonalbank F27.500   08/02/2022  CHF     67.660
Bank Vontobel AG      12.500   1/24/2023   CHF     63.800
Leonteq Securities AG 20.410   9/14/2022   CHF     45.450
DZ Bank AG Deutsche Ze17.100   6/24/2022   EUR     70.530
DZ Bank AG Deutsche Ze21.100   9/23/2022   EUR     68.380
DZ Bank AG Deutsche Ze16.500   6/24/2022   EUR     73.060
Vontobel Financial Pro8.500    6/24/2022   EUR     59.610
Vontobel Financial Pro13.500   6/24/2022   EUR     55.470
Vontobel Financial Pro12.000   6/24/2022   EUR     72.220
SG Issuer SA          2.100    5/16/2033   EUR     28.080
Zurcher Kantonalbank F6.500    6/14/2022   CHF     65.130
Leonteq Securities AG/12.000   06/08/2022  CHF     23.110
Credit Suisse AG/Londo10.250   06/02/2022  USD     50.300
Vontobel Financial Pro6.000    9/23/2022   EUR     71.040
Credit Suisse AG/Londo11.500   06/01/2022  EUR     71.450
UniCredit Bank AG     10.400   08/11/2022  EUR     66.510
SG Issuer SA          0.021    07/07/2033  EUR     24.630
Vontobel Financial Pro16.000   6/24/2022   EUR     45.510
Vontobel Financial Pro12.750   6/24/2022   EUR     74.020
Vontobel Financial Pro10.000   6/24/2022   EUR     58.120
Leonteq Securities AG/10.000   07/06/2022  EUR     34.340
Societe Generale Effek20.750   2/25/2022   EUR     64.650
Leonteq Securities AG/9.000    09/07/2022  CHF     69.630
Leonteq Securities AG/8.000    12/07/2022  CHF     55.310
Zurcher Kantonalbank F14.000   6/14/2022   CHF     70.300
Vontobel Financial Pro9.750    6/24/2022   EUR     46.020
Leonteq Securities AG/4.000    4/19/2022   EUR     60.730
Leonteq Securities AG 12.000   4/21/2022   CHF     57.210
Landesbank Baden-Wuert3.100    1/28/2022   EUR     75.000
Landesbank Baden-Wuert3.000    1/28/2022   EUR     38.710
Landesbank Baden-Wuert5.550    1/28/2022   EUR     34.210
Zurcher Kantonalbank F7.500    4/29/2022   CHF     63.880
Zurcher Kantonalbank F8.000    4/29/2022   USD     63.920
UniCredit Bank AG     10.700   02/03/2025  EUR     72.670
UniCredit Bank AG     10.700   2/17/2025   EUR     73.080
Vontobel Financial Pro12.000   3/25/2022   EUR     57.290
Vontobel Financial Pro12.000   3/25/2022   EUR     71.680
Vontobel Financial Pro15.000   3/25/2022   EUR     65.590
Vontobel Financial Pro7.000    3/25/2022   EUR     36.230
Vontobel Financial Pro10.000   3/25/2022   EUR     32.800
Vontobel Financial Pro11.500   3/25/2022   EUR     31.420
Vontobel Financial Pro14.000   3/25/2022   EUR     65.280
Vontobel Financial Pro8.000    3/25/2022   EUR     62.970
Vontobel Financial Pro8.000    3/25/2022   EUR     34.330
Vontobel Financial Pro13.000   3/25/2022   EUR     30.190
Vontobel Financial Pro14.000   3/25/2022   EUR     51.700
Vontobel Financial Pro11.000   3/25/2022   EUR     59.610
Vontobel Financial Pro9.500    3/25/2022   EUR     62.070
Vontobel Financial Pro11.000   3/25/2022   EUR     69.600
Vontobel Financial Pro13.500   3/25/2022   EUR     68.480
Vontobel Financial Pro18.000   3/25/2022   EUR     60.610
Vontobel Financial Pro16.500   3/25/2022   EUR     62.980
Leonteq Securities AG/10.000   07/06/2022  EUR     56.920
Zurcher Kantonalbank F17.250   09/02/2022  CHF     39.730
Vontobel Financial Pro19.750   9/23/2022   EUR     56.280
Landesbank Baden-Wuert3.150    7/22/2022   EUR     56.800
Landesbank Baden-Wuert9.250    7/22/2022   EUR     51.680
DZ Bank AG Deutsche Ze20.200   6/24/2022   EUR     64.090
DZ Bank AG Deutsche Ze17.800   3/25/2022   EUR     49.140
Vontobel Financial Pro18.350   9/23/2022   EUR     52.220
Vontobel Financial Pro13.750   6/24/2022   EUR     41.990
DekaBank Deutsche Giro4.000    07/07/2022  EUR     55.430
DZ Bank AG Deutsche Ze23.500   6/24/2022   EUR     71.060
Societe Generale Effek12.750   6/24/2022   EUR     68.790
Societe Generale Effek14.750   6/24/2022   EUR     66.170
Vontobel Financial Pro9.500    6/24/2022   EUR     53.960
Landesbank Baden-Wuert4.500    7/22/2022   EUR     54.420
Landesbank Baden-Wuert7.200    7/22/2022   EUR     53.140
Citigroup Global Marke8.200    3/21/2024   SEK     63.420
Bank Julius Baer & Co 10.150   4/25/2022   USD     54.100
Vontobel Financial Pro17.500   3/25/2022   EUR     71.680
Vontobel Financial Pro10.500   3/25/2022   EUR     26.510
UniCredit Bank AG     8.200    2/16/2022   EUR     62.110
Leonteq Securities AG 15.000   1/25/2022   CHF     57.100
Leonteq Securities AG/13.000   7/25/2022   USD     50.070
Landesbank Baden-Wuert3.100    7/22/2022   EUR     66.420
Landesbank Baden-Wuert8.750    7/22/2022   EUR     54.130
Credit Suisse AG/Londo10.000   06/07/2022  CHF     62.170
EFG International Fina8.260    8/26/2022   USD     59.000
Bank Vontobel AG      10.000   07/12/2022  CHF     68.200
EFG International Fina24.360   5/27/2022   CHF     37.970
Leonteq Securities AG/24.600   8/26/2022   USD     53.230
Vontobel Financial Pro9.000    06/08/2022  EUR     61.950
SG Issuer SA          0.021    8/15/2033   EUR     21.970
Landesbank Baden-Wuert5.850    7/22/2022   EUR     58.690
DZ Bank AG Deutsche Ze24.400   3/25/2022   EUR     70.490
Zurcher Kantonalbank F20.000   6/15/2022   USD     59.780
Zurcher Kantonalbank F19.250   6/15/2022   CHF     59.530
Leonteq Securities AG/7.000    07/06/2022  EUR     38.070
Vontobel Financial Pro13.400   8/29/2022   EUR     64.760
Societe Generale Effek12.250   7/22/2022   EUR     69.390
Societe Generale Effek14.250   7/22/2022   EUR     66.700
DZ Bank AG Deutsche Ze24.000   6/24/2022   EUR     69.000
Credit Suisse AG/Londo11.000   06/08/2022  CHF     67.130
Societe Generale Effek13.750   9/23/2022   EUR     70.940
Societe Generale Effek14.250   9/23/2022   EUR     64.990
Vontobel Financial Pro11.500   9/23/2022   EUR     67.600
Zurcher Kantonalbank F20.000   7/22/2022   USD     50.110
Corner Banca SA       13.200   12/07/2022  CHF     53.050
Leonteq Securities AG/9.500    12/08/2022  EUR     63.010
Vontobel Financial Pro8.500    9/23/2022   EUR     71.280
Vontobel Financial Pro13.000   9/23/2022   EUR     58.570
Vontobel Financial Pro18.000   9/23/2022   EUR     55.830
Vontobel Financial Pro16.250   9/23/2022   EUR     69.350
DZ Bank AG Deutsche Ze16.800   9/23/2022   EUR     58.290
DZ Bank AG Deutsche Ze17.600   9/23/2022   EUR     73.280
DZ Bank AG Deutsche Ze15.500   6/24/2022   EUR     73.820
DZ Bank AG Deutsche Ze17.600   6/24/2022   EUR     72.500
DZ Bank AG Deutsche Ze18.700   6/24/2022   EUR     71.750
DZ Bank AG Deutsche Ze19.800   6/24/2022   EUR     71.170
DZ Bank AG Deutsche Ze21.000   6/24/2022   EUR     70.620
Vontobel Financial Pro11.000   6/24/2022   EUR     57.370
Vontobel Financial Pro16.000   6/24/2022   EUR     53.860
DZ Bank AG Deutsche Ze14.400   9/23/2022   EUR     71.830
Societe Generale SA   11.180   9/14/2023   USD     72.333
Leonteq Securities AG/22.810   08/09/2022  CHF     46.090
Vontobel Financial Pro14.500   6/24/2022   EUR     62.080
Vontobel Financial Pro14.500   6/24/2022   EUR     71.960
Vontobel Financial Pro11.500   6/24/2022   EUR     64.510
EFG International Fina15.000   9/15/2022   USD     62.730
DZ Bank AG Deutsche Ze16.700   9/23/2022   EUR     73.670
Vontobel Financial Pro13.000   9/23/2022   EUR     71.330
Vontobel Financial Pro18.500   6/24/2022   EUR     52.510
DZ Bank AG Deutsche Ze18.600   9/23/2022   EUR     67.620
Bank Julius Baer & Co 7.300    2/22/2022   EUR     66.250
UBS AG/London         13.500   5/18/2022   CHF     40.700
Landesbank Baden-Wuert2.200    1/27/2023   EUR     36.000
Landesbank Baden-Wuert3.400    8/23/2024   EUR     37.030
Vontobel Financial Pro14.000   9/23/2022   EUR     53.020
Vontobel Financial Pro12.500   9/23/2022   EUR     53.610
Vontobel Financial Pro11.500   9/23/2022   EUR     54.650
Vontobel Financial Pro12.000   6/24/2022   EUR     54.560
Vontobel Financial Pro15.000   9/23/2022   EUR     52.210
Vontobel Financial Pro13.500   6/24/2022   EUR     53.300
Vontobel Financial Pro16.500   6/24/2022   EUR     51.170
Vontobel Financial Pro17.250   6/24/2022   EUR     49.930
Societe Generale Effek13.500   8/26/2022   EUR     66.500
Credit Suisse AG/Londo4.460    7/26/2023   USD      9.600
Societe Generale Effek11.500   8/26/2022   EUR     69.200
Leonteq Securities AG/11.000   1/26/2023   USD     64.410
Vontobel Financial Pro10.500   9/23/2022   EUR     65.670
Vontobel Financial Pro7.500    9/23/2022   EUR     69.240
Leonteq Securities AG/8.500    11/14/2022  EUR     75.620
Raiffeisen Schweiz Gen13.200   08/02/2022  USD     47.880
Raiffeisen Schweiz Gen12.500   08/02/2022  CHF     67.180
Zurcher Kantonalbank F29.250   08/09/2022  CHF     56.050
Leonteq Securities AG/18.000   5/17/2022   USD     60.820
Leonteq Securities AG/13.200   5/13/2022   USD     65.400
Leonteq Securities AG/10.000   8/17/2022   CHF     61.470
Vontobel Financial Pro18.500   6/24/2022   EUR     61.270
Raiffeisen Schweiz Gen16.200   9/14/2022   CHF     48.200
Raiffeisen Switzerland10.000   03/10/2023  EUR     67.290
DZ Bank AG Deutsche Ze15.750   9/21/2022   EUR     72.660
Bank Julius Baer & Co 13.500   9/14/2022   CHF     60.250
Leonteq Securities AG/28.120   08/04/2022  CHF     46.710
DekaBank Deutsche Giro3.000    12/29/2022  EUR     72.940
UniCredit Bank AG     5.550    7/19/2022   EUR     71.660
EFG International Fina7.000    5/23/2022   EUR     36.590
SG Issuer SA          7.500    1/20/2025   SEK     66.580
Landesbank Baden-Wuert3.300    5/27/2022   EUR     54.990
Raiffeisen Switzerland4.800    11/23/2023  CHF     54.880
UniCredit Bank AG     4.450    12/29/2022  EUR     35.780
Leonteq Securities AG/10.000   11/17/2022  USD     75.980
Leonteq Securities AG 8.500    11/17/2022  CHF     75.220
Vontobel Financial Pro21.000   6/24/2022   EUR     73.030
Vontobel Financial Pro5.550    5/18/2022   EUR     58.990
Vontobel Financial Pro11.300   5/17/2022   USD     68.890
Leonteq Securities AG/4.000    03/08/2022  EUR     52.520
EFG International Fina13.000   11/14/2022  CHF     63.220
Societe Generale Effek15.250   5/27/2022   EUR     68.890
Bank Julius Baer & Co 11.200   5/18/2022   CHF     74.250
DekaBank Deutsche Giro3.100    04/08/2022  EUR     69.200
DekaBank Deutsche Giro3.300    04/08/2022  EUR     47.610
Landesbank Baden-Wuert2.500    6/24/2022   EUR     62.100
Zurcher Kantonalbank F28.500   08/02/2022  USD     68.100
Leonteq Securities AG 10.000   10/26/2022  CHF     65.860
Leonteq Securities AG 12.000   1/26/2023   CHF     60.630
EFG International Fina7.500    7/26/2022   USD     70.830
Raiffeisen Schweiz Gen12.500   7/26/2022   CHF     67.770
Raiffeisen Schweiz Gen14.000   7/26/2022   CHF     65.060
Raiffeisen Schweiz Gen9.500    1/26/2023   CHF     69.690
Leonteq Securities AG/21.420   7/27/2022   CHF     51.740
Landesbank Baden-Wuert3.300    1/27/2023   EUR     58.170
UniCredit Bank AG     12.400   8/17/2022   EUR     52.630
UniCredit Bank AG     5.750    8/17/2022   EUR     63.680
Landesbank Baden-Wuert5.150    1/27/2023   EUR     55.290
Landesbank Baden-Wuert7.200    1/27/2023   EUR     53.010
Landesbank Baden-Wuert4.200    1/27/2023   EUR     72.690
Landesbank Baden-Wuert6.600    1/27/2023   EUR     66.240
Leonteq Securities AG/10.750   10/28/2022  EUR     65.650
Bank Julius Baer & Co 10.200   5/30/2023   EUR     13.450
Landesbank Baden-Wuert8.750    1/27/2023   EUR     62.860
Bank Julius Baer & Co 9.600    7/29/2022   USD     63.000
Vontobel Financial Pro14.000   4/26/2022   CHF     51.740
Vontobel Financial Pro16.520   1/30/2023   EUR     71.790
Leonteq Securities AG/11.000   03/01/2023  CHF     61.960
Landesbank Baden-Wuert3.050    9/23/2022   EUR     58.590
Bayerische Landesbank 2.000    2/18/2022   EUR     63.890
Corner Banca SA       15.000   05/02/2022  USD     50.090
Leonteq Securities AG/10.000   4/29/2022   USD     46.820
Leonteq Securities AG/21.880   06/10/2022  CHF     71.540
Leonteq Securities AG/21.760   06/10/2022  CHF     49.490
Vontobel Financial Pro15.000   6/24/2022   EUR     68.430
Vontobel Financial Pro18.000   6/24/2022   EUR     46.110
Vontobel Financial Pro19.500   6/24/2022   EUR     66.450
Vontobel Financial Pro9.250    6/24/2022   EUR     69.240
Leonteq Securities AG 10.000   12/14/2022  CHF     67.550
BNP Paribas Issuance B6.240    3/28/2022   JPY     58.570
Leonteq Securities AG/10.000   3/22/2022   CHF     45.870
Leonteq Securities AG/18.000   3/22/2022   USD     47.770
Landesbank Baden-Wuert4.800    2/25/2022   EUR     43.740
EFG International Fina10.500   02/07/2022  EUR     51.210
UniCredit Bank AG     12.700   2/25/2022   EUR     62.130
DZ Bank AG Deutsche Ze16.700   3/25/2022   EUR     61.040
Raiffeisen Switzerland9.000    03/08/2022  CHF     69.600
Leonteq Securities AG/1.200    03/05/2026  EUR     51.360
Zurcher Kantonalbank F18.500   3/18/2022   CHF     54.670
Societe Generale Effek22.000   3/25/2022   EUR     72.550
Vontobel Financial Pro17.750   3/25/2022   EUR     39.250
Goldman Sachs & Co Wer22.000   3/23/2022   EUR     74.470
Goldman Sachs & Co Wer23.000   1/26/2022   EUR     72.420
Goldman Sachs & Co Wer21.000   2/23/2022   EUR     73.920
Goldman Sachs & Co Wer20.000   3/23/2022   EUR     73.350
Vontobel Financial Pro15.000   3/25/2022   EUR     46.240
Vontobel Financial Pro19.000   3/25/2022   EUR     41.510
Vontobel Financial Pro16.500   3/25/2022   EUR     65.840
Vontobel Financial Pro18.000   3/25/2022   EUR     44.170
Vontobel Financial Pro13.500   3/25/2022   EUR     49.710
Vontobel Financial Pro14.500   3/25/2022   EUR     48.120
Vontobel Financial Pro15.500   3/25/2022   EUR     46.660
Vontobel Financial Pro17.000   3/25/2022   EUR     45.390
Vontobel Financial Pro12.000   3/25/2022   EUR     51.360
Vontobel Financial Pro22.000   3/25/2022   EUR     57.320
Vontobel Financial Pro16.500   3/25/2022   EUR     65.990
Vontobel Financial Pro12.000   3/25/2022   EUR     30.020
Vontobel Financial Pro17.500   3/25/2022   EUR     27.280
Vontobel Financial Pro16.000   3/25/2022   EUR     28.130
Vontobel Financial Pro11.000   3/25/2022   EUR     53.250
Bank Vontobel AG      25.003   1/27/2022   CHF     55.700
EFG International Fina15.000   02/10/2022  EUR     54.230
UBS AG/London         14.000   02/10/2022  CHF     47.550
UBS AG/London         7.750    08/10/2022  CHF     47.650
Vontobel Financial Pro17.500   3/25/2022   EUR     71.540
Vontobel Financial Pro16.000   3/25/2022   EUR     44.920
Vontobel Financial Pro24.500   3/25/2022   EUR     36.400
Zurcher Kantonalbank F15.000   2/23/2022   CHF     70.690
DZ Bank AG Deutsche Ze3.000    12/23/2022  EUR     63.320
DZ Bank AG Deutsche Ze5.000    12/23/2022  EUR     56.220
DZ Bank AG Deutsche Ze7.000    12/23/2022  EUR     52.380
Leonteq Securities AG/15.740   08/10/2022  USD     48.520
Bank Vontobel AG      21.502   05/12/2022  CHF     58.800
Bank Vontobel AG      16.000   05/12/2022  CHF     43.500
Leonteq Securities AG/12.000   2/16/2022   CHF     39.790
Leonteq Securities AG 12.400   05/12/2022  CHF     66.900
Corner Banca SA       15.000   05/12/2022  CHF     55.840
Bank Julius Baer & Co 14.500   02/10/2023  CHF     54.600
Leonteq Securities AG/20.000   08/10/2022  CHF     71.460
Raiffeisen Schweiz Gen10.000   6/29/2022   CHF     66.730
Raiffeisen Schweiz Gen20.000   6/29/2022   CHF     59.190
Raiffeisen Schweiz Gen11.000   6/29/2022   CHF     65.830
Vontobel Financial Pro9.400    12/30/2022  CHF     46.620
Erste Group Bank AG   4.500    08/02/2025  EUR     72.450
Erste Group Bank AG   5.500    08/02/2025  EUR     67.600
Leonteq Securities AG/20.000   6/29/2022   CHF     61.190
Leonteq Securities AG/24.020   6/29/2022   CHF     58.670
UniCredit Bank AG     9.800    7/27/2022   EUR     55.740
UniCredit Bank AG     9.250    7/27/2022   EUR     72.860
Zurcher Kantonalbank F15.750   07/08/2022  USD     63.100
Bank Vontobel AG      7.000    12/27/2022  CHF     59.800
Zurcher Kantonalbank F10.400   07/08/2022  CHF     67.420
Landesbank Baden-Wuert4.150    6/23/2023   EUR     51.220
Landesbank Baden-Wuert2.800    6/23/2023   EUR     53.100
Landesbank Baden-Wuert3.800    6/23/2023   EUR     58.080
Landesbank Baden-Wuert2.600    6/23/2023   EUR     60.920
Landesbank Baden-Wuert4.500    6/23/2023   EUR     72.060
Landesbank Baden-Wuert5.000    6/23/2023   EUR     55.850
EFG International Fina17.000   6/30/2022   CHF     56.950
EFG International Fina10.010   6/30/2022   EUR     66.890
Leonteq Securities AG/21.520   07/01/2022  CHF     68.140
Leonteq Securities AG/25.460   07/01/2022  CHF     33.560
Bank Julius Baer & Co 9.000    07/01/2022  USD     60.150
Vontobel Financial Pro7.700    08/02/2022  CHF     51.460
Vontobel Financial Pro3.750    01/03/2023  EUR     46.510
Leonteq Securities AG 15.000   6/15/2022   CHF     36.510
Leonteq Securities AG 11.000   9/15/2022   CHF     66.000
Vontobel Financial Pro16.000   6/24/2022   EUR     70.180
Vontobel Financial Pro20.500   6/24/2022   EUR     68.780
Vontobel Financial Pro5.500    6/24/2022   EUR     70.270
Vontobel Financial Pro18.000   6/24/2022   EUR     71.020
Credit Suisse AG/Londo11.000   6/15/2022   CHF     62.750
Raiffeisen Schweiz Gen10.000   12/14/2022  CHF     67.680
Vontobel Financial Pro20.500   6/24/2022   EUR     72.820
Vontobel Financial Pro12.400   3/16/2022   EUR     42.040
Bank Vontobel AG      15.001   9/13/2022   CHF     53.800
Landesbank Baden-Wuert8.600    6/24/2022   EUR     49.590
Landesbank Baden-Wuert5.100    6/24/2022   EUR     56.140
DZ Bank AG Deutsche Ze24.400   6/24/2022   EUR     66.430
DZ Bank AG Deutsche Ze20.000   6/24/2022   EUR     68.370
DZ Bank AG Deutsche Ze17.600   6/24/2022   EUR     46.750
DZ Bank AG Deutsche Ze18.900   3/25/2022   EUR     64.480
DZ Bank AG Deutsche Ze21.700   6/24/2022   EUR     71.170
Landesbank Baden-Wuert3.250    6/24/2022   EUR     71.030
DZ Bank AG Deutsche Ze15.800   3/25/2022   EUR     71.460
DZ Bank AG Deutsche Ze15.800   6/24/2022   EUR     71.750
DZ Bank AG Deutsche Ze22.500   3/25/2022   EUR     70.100
DZ Bank AG Deutsche Ze24.500   6/24/2022   EUR     70.590
Landesbank Baden-Wuert10.500   6/24/2022   EUR     46.460
Landesbank Baden-Wuert2.500    6/24/2022   EUR     57.020
Landesbank Baden-Wuert4.200    6/24/2022   EUR     53.530
Landesbank Baden-Wuert7.150    6/24/2022   EUR     49.430
Vontobel Financial Pro3.500    07/03/2023  EUR     70.200
EFG International Fina18.000   6/16/2022   CHF     46.990
EFG International Fina10.000   12/16/2022  CHF     73.980
Zurcher Kantonalbank F9.800    6/17/2022   USD     63.050
Credit Suisse AG/Londo13.000   6/16/2022   CHF     67.790
Credit Suisse AG/Londo10.000   6/16/2022   USD     66.480
UBS AG/London         12.500   12/16/2022  CHF     64.450
UBS AG/London         9.000    6/16/2022   CHF     48.750
UBS AG/London         10.250   6/16/2022   CHF     60.250
Vontobel Financial Pro13.500   6/24/2022   EUR     63.450
Vontobel Financial Pro10.500   6/24/2022   EUR     67.120
Vontobel Financial Pro20.000   6/24/2022   EUR     58.180
Vontobel Financial Pro17.000   6/24/2022   EUR     60.650
Vontobel Financial Pro15.000   6/24/2022   EUR     72.180
Vontobel Financial Pro17.000   6/24/2022   EUR     69.960
Vontobel Financial Pro19.500   6/24/2022   EUR     68.200
Vontobel Financial Pro18.000   6/24/2022   EUR     72.930
Zurcher Kantonalbank F11.000   6/24/2022   CHF     70.270
Landesbank Baden-Wuert4.000    7/25/2025   EUR     58.590
Bank Julius Baer & Co 8.200    9/19/2022   USD     63.200
UniCredit Bank AG     3.500    10/08/2022  EUR     46.640
Societe Generale SA   1.580    9/16/2024   USD      3.450
EFG International Fina6.500    4/20/2022   CHF     59.390
Leonteq Securities AG/8.410    4/21/2022   EUR     62.300
EFG International Fina5.500    4/20/2022   USD     66.880
Societe Generale Effek13.000   2/25/2022   EUR     68.220
Societe Generale Effek17.000   2/25/2022   EUR     61.590
Vontobel Financial Pro13.000   6/24/2022   EUR     67.840
UBS AG/London         15.000   06/03/2022  USD     49.700
SG Issuer SA          1.050    11/20/2025  EUR     18.680
EFG International Fina9.350    01/12/2023  CHF     63.670
Zurcher Kantonalbank F8.250    7/20/2022   EUR     70.520
Leonteq Securities AG/15.000   6/16/2022   USD     62.550
Zurcher Kantonalbank F11.500   3/25/2022   CHF     53.510
UniCredit Bank AG     6.200    4/13/2022   EUR     47.030
Landesbank Baden-Wuert3.500    5/27/2022   EUR     48.750
Landesbank Baden-Wuert6.500    5/27/2022   EUR     43.020
EFG International Fina23.000   3/17/2022   CHF     58.670
EFG International Fina17.000   3/17/2022   USD     51.610
Vontobel Financial Pro15.000   3/25/2022   EUR     66.670
UBS AG/London         16.000   9/19/2022   CHF     60.850
UBS AG/London         9.750    3/17/2023   CHF     64.050
Credit Suisse AG/Londo10.000   3/17/2022   USD     54.360
Bank Vontobel AG      6.002    08/12/2022  EUR     63.800
Bank Julius Baer & Co 12.050   3/18/2022   USD     60.600
DekaBank Deutsche Giro1.000    1/20/2025   EUR     69.670
UBS AG/London         12.500   6/23/2022   USD     52.300
UBS AG/London         13.000   6/23/2022   CHF     52.800
UBS AG/London         8.750    6/23/2022   CHF     53.200
Vontobel Financial Pro14.500   3/25/2022   EUR     72.150
Vontobel Financial Pro20.500   3/25/2022   EUR     44.590
Bank Julius Baer & Co 8.350    03/04/2022  USD     53.250
Societe Generale SA   7.280    05/06/2024  USD     61.300
Leonteq Securities AG/18.000   08/09/2022  USD     61.240
Vontobel Financial Pro8.750    9/23/2022   EUR     67.920
Vontobel Financial Pro12.000   6/24/2022   EUR     69.550
Bank Vontobel AG      11.000   02/06/2023  EUR     66.900
Bank Vontobel AG      12.000   02/06/2023  EUR     54.400
Bank Julius Baer & Co 13.150   08/10/2022  CHF     70.550
Leonteq Securities AG/26.460   08/09/2022  CHF     42.230
DZ Bank AG Deutsche Ze15.000   8/24/2022   EUR     66.960
DZ Bank AG Deutsche Ze10.250   8/24/2022   EUR     69.620
Vontobel Financial Pro18.500   9/23/2022   EUR     63.560
Vontobel Financial Pro24.000   6/24/2022   EUR     62.070
Raiffeisen Schweiz Gen12.000   11/09/2022  CHF     44.740
Bank Julius Baer & Co 5.250    08/10/2022  CHF     64.900
Zurcher Kantonalbank F30.000   8/17/2022   USD     54.230
Zurcher Kantonalbank F29.000   8/17/2022   CHF     53.670
Leonteq Securities AG/22.310   08/10/2022  USD     32.530
DZ Bank AG Deutsche Ze17.600   3/25/2022   EUR     72.000
DZ Bank AG Deutsche Ze24.600   6/24/2022   EUR     67.540
DZ Bank AG Deutsche Ze18.600   9/23/2022   EUR     72.950
DZ Bank AG Deutsche Ze21.100   9/23/2022   EUR     70.890
DZ Bank AG Deutsche Ze20.700   6/24/2022   EUR     72.410
DZ Bank AG Deutsche Ze22.900   6/24/2022   EUR     69.840
DZ Bank AG Deutsche Ze19.600   9/23/2022   EUR     72.280
DZ Bank AG Deutsche Ze21.300   9/23/2022   EUR     70.790
DZ Bank AG Deutsche Ze23.000   9/23/2022   EUR     69.460
DZ Bank AG Deutsche Ze21.400   3/25/2022   EUR     72.500
DZ Bank AG Deutsche Ze24.300   3/25/2022   EUR     69.130
Vontobel Financial Pro12.250   6/24/2022   EUR     62.220
Vontobel Financial Pro12.500   6/24/2022   EUR     71.130
UniCredit Bank AG     9.650    09/07/2022  EUR     61.730
DZ Bank AG Deutsche Ze20.100   9/23/2022   EUR     46.630
DZ Bank AG Deutsche Ze15.400   9/23/2022   EUR     65.450
DZ Bank AG Deutsche Ze18.000   9/23/2022   EUR     63.440
DZ Bank AG Deutsche Ze24.800   3/25/2022   EUR     55.870
DZ Bank AG Deutsche Ze20.200   6/24/2022   EUR     60.170
DZ Bank AG Deutsche Ze12.900   9/23/2022   EUR     67.980
Vontobel Financial Pro22.500   3/25/2022   EUR     69.860
Vontobel Financial Pro23.500   3/25/2022   EUR     67.870
Leonteq Securities AG 16.000   06/10/2022  CHF     52.480
UniCredit Bank AG     5.450    3/15/2022   EUR     44.430
Leonteq Securities AG 14.000   06/08/2022  CHF     59.570
Leonteq Securities AG/17.000   06/08/2022  USD     49.630
VTB Bank PJSC         0.010    12/02/2025  RUB     74.870
VTB Bank PJSC         0.010    12/09/2025  RUB     73.540
Bank Vontobel AG      15.004   8/26/2022   CHF     48.500
Bank Vontobel AG      15.004   8/26/2022   CHF     48.500
Landesbank Baden-Wuert3.300    3/25/2022   EUR     53.830
Vontobel Financial Pro17.000   3/25/2022   EUR     61.600
Vontobel Financial Pro21.000   3/25/2022   EUR     71.880
UniCredit Bank AG     7.000    3/29/2022   EUR     32.650
Societe Generale Effek5.600    09/04/2023  EUR     44.160
UniCredit Bank AG     3.750    9/14/2022   EUR     60.800
Vontobel Financial Pro6.000    3/25/2022   EUR     69.360
BNP Paribas Emissions-11.000   6/23/2022   EUR     46.070
BNP Paribas Emissions-13.000   6/23/2022   EUR     44.640
BNP Paribas Emissions-8.500    3/24/2022   EUR     46.950
BNP Paribas Emissions-10.000   3/24/2022   EUR     45.120
BNP Paribas Emissions-14.000   3/24/2022   EUR     42.660
BNP Paribas Emissions-17.000   3/24/2022   EUR     39.020
BNP Paribas Emissions-8.500    6/23/2022   EUR     48.960
BNP Paribas Emissions-9.000    6/23/2022   EUR     47.120
BNP Paribas Emissions-11.000   6/23/2022   EUR     73.810
BNP Paribas Emissions-12.000   3/24/2022   EUR     73.320
Landesbank Baden-Wuert3.800    1/28/2022   EUR     47.950
Landesbank Baden-Wuert2.600    1/28/2022   EUR     73.850
Bank Julius Baer & Co 11.700   4/26/2022   CHF     34.250
Corner Banca SA       17.200   4/26/2022   CHF     53.600
Zurcher Kantonalbank F8.500    06/10/2022  EUR     71.760
Leonteq Securities AG 20.000   3/15/2022   CHF     59.740
Leonteq Securities AG 12.000   3/15/2022   CHF     71.410
Leonteq Securities AG 16.000   3/15/2022   CHF     48.030
Leonteq Securities AG/18.000   3/15/2022   USD     50.120
Leonteq Securities AG/17.600   03/08/2022  USD     25.130
Bank Vontobel AG      25.008   3/14/2022   CHF     49.800
Zurcher Kantonalbank F15.000   3/24/2022   USD     59.590
Vontobel Financial Pro8.000    3/25/2022   EUR     66.170
Landesbank Baden-Wuert3.200    11/25/2022  EUR     46.160
Landesbank Baden-Wuert5.100    11/25/2022  EUR     42.200
Vontobel Financial Pro9.750    3/25/2022   EUR     40.090
Bank Julius Baer & Co 13.200   3/16/2022   CHF     52.150
Vontobel Financial Pro7.000    3/25/2022   EUR     28.490
Vontobel Financial Pro11.500   3/25/2022   EUR     69.680
Vontobel Financial Pro11.100   3/16/2022   EUR     63.320
Landesbank Baden-Wuert3.000    5/27/2022   EUR     40.570
Landesbank Baden-Wuert5.200    5/27/2022   EUR     37.080
Landesbank Baden-Wuert7.750    5/27/2022   EUR     34.530
Landesbank Baden-Wuert5.300    6/24/2022   EUR     71.870
Corner Banca SA       15.000   03/07/2022  USD     47.100
Leonteq Securities AG 14.000   2/13/2023   CHF     60.410
Bank Julius Baer & Co 19.600   5/16/2022   CHF     67.950
Zurcher Kantonalbank F21.500   8/23/2022   USD     57.380
Leonteq Securities AG/26.150   8/16/2022   CHF     46.140
Bank Julius Baer & Co 16.000   05/11/2022  EUR     35.000
Leonteq Securities AG/21.530   5/17/2022   CHF     39.090
Leonteq Securities AG/21.420   05/11/2022  CHF     35.640
UniCredit Bank AG     6.500    9/15/2022   EUR     53.480
Bank Julius Baer & Co 8.550    5/13/2022   USD     58.000
Vontobel Financial Pro16.000   6/24/2022   EUR     73.340
Leonteq Securities AG 11.200   02/06/2023  CHF     63.380
Vontobel Financial Pro21.000   6/24/2022   EUR     44.870
Bank Vontobel AG      10.000   02/06/2023  CHF     58.500
Bank Vontobel AG      10.000   08/08/2022  CHF     50.400
DZ Bank AG Deutsche Ze15.500   8/24/2022   EUR     63.110
Raiffeisen Schweiz Gen10.000   02/06/2023  EUR     69.330
UBS AG/London         14.750   5/25/2022   CHF     49.700
Corner Banca SA       12.000   06/01/2022  CHF     54.650
Bank Julius Baer & Co 11.200   05/12/2022  CHF     70.450
EFG International Fina14.000   05/12/2022  USD     62.110
Vontobel Financial Pro7.000    3/25/2022   EUR     67.700
Credit Suisse AG/Londo10.000   5/13/2022   USD     57.320
Vontobel Financial Pro7.500    3/25/2022   EUR     27.230
Vontobel Financial Pro7.500    3/25/2022   EUR     62.890
EFG International Fina7.000    12/29/2022  USD     39.630
EFG International Fina12.000   03/03/2022  CHF     72.350
Bank Vontobel AG      7.250    06/03/2022  CHF     69.100
Bank Vontobel AG      14.004   09/02/2022  CHF     72.500
VTB Bank PJSC         0.010    11/25/2025  RUB     75.060
UBS AG/London         14.000   07/07/2022  USD     57.100
UBS AG/London         10.750   07/07/2022  EUR     70.550
UBS AG/London         16.300   01/08/2024  EUR     42.050
Bank Vontobel AG      25.504   5/24/2022   CHF     60.200
Landesbank Baden-Wuert4.700    3/25/2022   EUR     43.500
Societe Generale SA   18.000   05/02/2024  USD     55.600
Zurcher Kantonalbank F15.000   4/20/2022   CHF     68.200
Vontobel Financial Pro5.500    6/17/2022   USD     55.390
Bank Vontobel AG      13.005   10/03/2022  CHF     54.900
Bank Julius Baer & Co 14.650   07/07/2022  USD     53.100
Leonteq Securities AG/2.700    04/01/2026  EUR     44.860
Leonteq Securities AG/2.400    04/01/2026  EUR     44.810
Leonteq Securities AG/2.200    04/01/2026  EUR     50.490
Leonteq Securities AG/19.000   04/08/2022  USD     53.960
Leonteq Securities AG 18.000   04/08/2022  CHF     53.870
Leonteq Securities AG/2.800    04/01/2026  EUR     43.790
UBS AG/London         14.250   10/07/2022  USD     56.250
UBS AG/London         15.500   04/07/2022  USD     65.800
UBS AG/London         9.500    04/11/2022  CHF     56.800
Leonteq Securities AG/4.000    08/10/2022  CHF     67.290
Landesbank Baden-Wuert3.000    9/23/2022   EUR     54.390
Corner Banca SA       16.000   04/06/2022  CHF     54.060
BNP Paribas Emissions-15.000   6/23/2022   EUR     42.480
BNP Paribas Emissions-8.000    3/24/2022   EUR     48.380
BNP Paribas Emissions-13.000   3/24/2022   EUR     43.680
BNP Paribas Emissions-15.000   3/24/2022   EUR     41.710
BNP Paribas Emissions-8.000    6/23/2022   EUR     50.220
BNP Paribas Emissions-14.000   3/24/2022   EUR     68.900
UniCredit Bank AG     4.200    9/21/2022   EUR     48.140
Corner Banca SA       20.000   04/06/2022  USD     54.010
UniCredit Bank AG     5.350    2/27/2023   EUR     53.630
Vontobel Financial Pro19.000   6/24/2022   EUR     71.440
Vontobel Financial Pro24.000   3/25/2022   EUR     67.740
Leonteq Securities AG 23.030   4/22/2022   CHF     46.830
DZ Bank AG Deutsche Ze20.800   3/25/2022   EUR     59.360
DZ Bank AG Deutsche Ze22.700   3/25/2022   EUR     60.130
Vontobel Financial Pro12.500   3/25/2022   EUR     38.280
Vontobel Financial Pro10.000   3/25/2022   EUR     57.880
Vontobel Financial Pro13.000   6/24/2022   EUR     53.030
Vontobel Financial Pro8.500    3/25/2022   EUR     57.490
Societe Generale Effek10.750   5/27/2022   EUR     69.290
Societe Generale Effek12.750   5/27/2022   EUR     65.160
Vontobel Financial Pro20.000   3/25/2022   EUR     38.090
Bank Julius Baer & Co 11.800   4/26/2022   EUR     34.300
Bank Julius Baer & Co 16.000   4/26/2022   EUR     64.600
Bank Julius Baer & Co 12.650   4/26/2022   USD     34.450
Corner Banca SA       10.000   2/13/2023   EUR     71.740
Vontobel Financial Pro6.000    6/24/2022   EUR     56.280
Vontobel Financial Pro13.000   6/24/2022   EUR     48.190
Vontobel Financial Pro9.500    3/25/2022   EUR     52.430
Vontobel Financial Pro8.500    6/24/2022   EUR     53.100
Vontobel Financial Pro8.000    6/24/2022   EUR     59.460
Vontobel Financial Pro16.000   6/24/2022   EUR     50.890
Societe Generale Effek14.750   5/27/2022   EUR     61.880
Bank Julius Baer & Co 12.000   4/26/2022   CHF     64.500
BNP Paribas Emissions-5.000    6/23/2022   EUR     73.200
Zurcher Kantonalbank F11.000   1/27/2022   USD     55.340
Zurcher Kantonalbank F10.200   1/27/2022   CHF     60.040
BNP Paribas Emissions-8.000    6/23/2022   EUR     69.750
BNP Paribas Emissions-10.000   6/23/2022   EUR     65.660
BNP Paribas Emissions-8.000    9/22/2022   EUR     71.380
BNP Paribas Emissions-8.000    12/22/2022  EUR     67.840
BNP Paribas Emissions-12.000   12/22/2022  EUR     63.570
UniCredit Bank AG     10.900   2/16/2022   EUR     60.410
Credit Suisse AG/Londo10.000   5/30/2022   CHF     63.890
DZ Bank AG Deutsche Ze18.400   6/24/2022   EUR     46.670
DZ Bank AG Deutsche Ze10.300   3/25/2022   EUR     66.110
BNP Paribas Emissions-6.000    3/24/2022   EUR     68.400
BNP Paribas Emissions-14.000   3/24/2022   EUR     59.350
BNP Paribas Emissions-10.000   6/23/2022   EUR     66.450
Societe Generale Effek19.250   3/25/2022   EUR     67.240
BNP Paribas Emissions-8.000    6/23/2022   EUR     70.100
DZ Bank AG Deutsche Ze16.100   3/25/2022   EUR     47.440
DZ Bank AG Deutsche Ze16.200   3/25/2022   EUR     60.560
DZ Bank AG Deutsche Ze8.900    6/24/2022   EUR     66.600
DZ Bank AG Deutsche Ze13.300   6/24/2022   EUR     62.260
UBS AG/London         11.750   11/28/2022  CHF     67.300
Goldman Sachs & Co Wer14.000   3/23/2022   EUR     67.020
UBS AG/London         10.250   5/30/2023   CHF     69.400
UBS AG/London         8.250    5/27/2022   CHF     69.200
Credit Suisse AG/Londo11.000   4/19/2022   CHF     55.160
BNP Paribas Emissions-10.000   3/24/2022   EUR     63.470
BNP Paribas Emissions-4.000    3/24/2022   EUR     72.080
BNP Paribas Emissions-8.000    3/24/2022   EUR     67.970
BNP Paribas Emissions-14.000   6/23/2022   EUR     64.430
BNP Paribas Emissions-5.000    9/22/2022   EUR     74.300
BNP Paribas Emissions-10.000   9/22/2022   EUR     68.980
BNP Paribas Emissions-12.000   9/22/2022   EUR     66.680
BNP Paribas Emissions-8.000    12/22/2022  EUR     73.530
BNP Paribas Emissions-12.000   9/22/2022   EUR     64.710
BNP Paribas Emissions-14.000   9/22/2022   EUR     62.130
BNP Paribas Emissions-10.000   12/22/2022  EUR     65.490
Bank Julius Baer & Co 9.600    08/12/2022  USD     49.950
SG Issuer SA          1.400    12/28/2032  EUR     28.030
SG Issuer SA          2.100    01/06/2033  EUR     29.800
SG Issuer SA          1.500    12/30/2032  EUR     48.590
Landesbank Baden-Wuert2.000    2/25/2022   EUR     69.610
DZ Bank AG Deutsche Ze17.200   6/24/2022   EUR     54.810
DZ Bank AG Deutsche Ze23.200   6/24/2022   EUR     69.290
DZ Bank AG Deutsche Ze14.800   6/24/2022   EUR     74.720
Leonteq Securities AG/6.000    11/27/2023  CHF     74.020
Credit Suisse AG/Londo12.000   4/15/2022   USD     55.720
BNP Paribas Emissions-14.000   3/24/2022   EUR     71.930
BNP Paribas Emissions-12.000   3/24/2022   EUR     64.440
BNP Paribas Emissions-15.000   6/23/2022   EUR     71.250
BNP Paribas Emissions-14.000   12/22/2022  EUR     71.790
BNP Paribas Emissions-8.000    9/22/2022   EUR     71.720
BNP Paribas Emissions-12.000   6/23/2022   EUR     61.870
BNP Paribas Emissions-10.000   9/22/2022   EUR     67.780
Societe Generale Effek16.500   2/25/2022   EUR     55.320
Leonteq Securities AG/17.680   05/06/2022  CHF     60.300
UniCredit Bank AG     6.000    7/28/2023   EUR     39.740
UBS AG/London         10.000   07/08/2022  CHF     69.800
Landesbank Baden-Wuert6.550    1/28/2022   EUR     75.000
Landesbank Baden-Wuert3.500    1/28/2022   EUR     36.260
Landesbank Baden-Wuert5.700    1/28/2022   EUR     30.590
Societe Generale Effek8.250    2/25/2022   EUR     69.820
Societe Generale Effek14.250   2/25/2022   EUR     58.130
UBS AG/London         12.750   11/07/2022  USD     54.750
Vontobel Financial Pro10.250   3/25/2022   EUR     62.340
Vontobel Financial Pro8.500    3/25/2022   EUR     62.070
Goldman Sachs & Co Wer23.000   5/25/2022   EUR     71.320
Goldman Sachs & Co Wer22.000   6/22/2022   EUR     72.340
Leonteq Securities AG 18.000   04/12/2022  CHF     36.470
Vontobel Financial Pro16.750   3/25/2022   EUR     71.000
Vontobel Financial Pro19.000   6/24/2022   EUR     72.200
Vontobel Financial Pro17.000   3/25/2022   EUR     69.930
Vontobel Financial Pro23.500   3/25/2022   EUR     71.020
Vontobel Financial Pro19.000   6/24/2022   EUR     70.060
Vontobel Financial Pro23.000   3/25/2022   EUR     67.570
Societe Generale Effek10.250   2/25/2022   EUR     64.950
Societe Generale Effek12.250   2/25/2022   EUR     61.180
Bank Vontobel AG      9.006    10/31/2022  CHF     53.400
UBS AG/London         13.000   05/06/2024  USD     58.970
Leonteq Securities AG/6.700    11/04/2022  USD     73.200
Vontobel Financial Pro17.750   3/25/2022   EUR     59.590
Vontobel Financial Pro15.750   08/03/2022  EUR     63.980
Vontobel Financial Pro16.500   6/24/2022   EUR     71.530
Vontobel Financial Pro22.000   3/25/2022   EUR     67.400
Vontobel Financial Pro19.000   3/25/2022   EUR     73.490
Landesbank Baden-Wuert3.100    2/25/2022   EUR     63.370
Vontobel Financial Pro20.000   6/24/2022   EUR     46.210
Corner Banca SA       13.000   8/16/2022   CHF     67.060
Zurcher Kantonalbank F20.500   8/23/2022   CHF     57.970
DZ Bank AG Deutsche Ze20.200   3/25/2022   EUR     69.150
DZ Bank AG Deutsche Ze24.100   3/25/2022   EUR     63.470
DZ Bank AG Deutsche Ze18.800   5/27/2022   EUR     71.450
DZ Bank AG Deutsche Ze21.200   6/24/2022   EUR     67.770
DZ Bank AG Deutsche Ze19.000   9/23/2022   EUR     71.140
EFG International Fina22.000   05/12/2022  CHF     61.940
UBS AG/London         14.750   11/14/2022  CHF     73.700
UBS AG/London         10.500   11/14/2022  CHF     73.200
UBS AG/London         11.750   11/14/2022  CHF     71.800
Corner Banca SA       15.000   5/25/2022   CHF     66.660
Leonteq Securities AG/13.000   11/21/2022  USD     53.540
Bank Julius Baer & Co 18.300   2/18/2022   USD     73.400
Landesbank Baden-Wuert4.700    4/25/2022   EUR     36.900
Landesbank Baden-Wuert7.050    4/25/2022   EUR     33.510
Landesbank Baden-Wuert2.700    4/25/2022   EUR     41.500
UBS AG/London         11.250   07/01/2022  CHF     70.300
Landesbank Baden-Wuert3.500    8/26/2022   EUR     37.740
Landesbank Baden-Wuert5.450    8/26/2022   EUR     33.280
Societe Generale SA   20.000   8/31/2023   USD     61.250
Landesbank Baden-Wuert3.000    10/25/2024  EUR     41.960
Bank Vontobel AG      15.000   02/07/2022  USD     63.700
Leonteq Securities AG/6.000    12/01/2023  CHF     73.900
Bank Julius Baer & Co 7.250    06/02/2022  CHF     69.550
Vontobel Financial Pro18.750   6/24/2022   EUR     32.240
Vontobel Financial Pro18.250   6/24/2022   EUR     62.750
Vontobel Financial Pro14.750   6/24/2022   EUR     65.730
Vontobel Financial Pro17.000   6/24/2022   EUR     62.090
Vontobel Financial Pro14.500   6/24/2022   EUR     30.530
Leonteq Securities AG/7.400    12/01/2023  USD     73.830
Vontobel Financial Pro23.950   06/03/2022  EUR     23.990
Vontobel Financial Pro26.800   06/03/2022  EUR     61.830
Landesbank Baden-Wuert5.100    11/25/2022  EUR     56.190
Landesbank Baden-Wuert7.900    11/25/2022  EUR     51.830
Landesbank Baden-Wuert3.800    11/25/2022  EUR     70.550
Landesbank Baden-Wuert4.350    11/25/2022  EUR     54.010
Landesbank Baden-Wuert5.400    11/25/2022  EUR     52.240
Landesbank Baden-Wuert6.600    11/25/2022  EUR     51.050
EFG International Fina24.000   06/07/2022  USD     28.080
Zurcher Kantonalbank F22.750   06/10/2022  USD     56.070
Zurcher Kantonalbank F21.750   06/10/2022  CHF     66.460
Zurcher Kantonalbank F13.000   06/10/2022  CHF     73.640
Raiffeisen Schweiz Gen12.000   06/01/2022  CHF     65.600
Vontobel Financial Pro26.350   06/06/2022  EUR     60.270
Vontobel Financial Pro20.000   6/24/2022   EUR     59.080
Vontobel Financial Pro16.500   6/24/2022   EUR     31.310
Landesbank Baden-Wuert7.000    1/28/2022   EUR     53.630
Leonteq Securities AG/23.690   06/03/2022  CHF     35.890
Leonteq Securities AG/2.600    5/27/2026   EUR     48.730
Societe Generale Effek16.750   2/25/2022   EUR     68.240
Leonteq Securities AG/10.000   10/26/2022  USD     51.530
Vontobel Financial Pro7.000    6/24/2022   EUR     61.630
Vontobel Financial Pro12.500   6/24/2022   EUR     54.710
Vontobel Financial Pro7.500    3/25/2022   EUR     59.980
Vontobel Financial Pro15.500   6/24/2022   EUR     52.320
Vontobel Financial Pro9.500    6/24/2022   EUR     57.700
Raiffeisen Centrobank 10.000   3/24/2023   EUR     70.690
Bank Vontobel AG      10.507   8/19/2022   CHF     54.000
Bank Vontobel AG      12.008   8/19/2022   CHF     66.000
Leonteq Securities AG 15.000   5/19/2022   CHF     42.370
Landesbank Baden-Wuert2.300    2/25/2022   EUR     62.310
Danske Bank A/S       5.300    7/15/2023   SEK     41.160
Societe Generale SA   4.500    12/29/2022  USD      4.510
Zurcher Kantonalbank F8.000    2/23/2022   CHF     47.870
UBS AG                15.000   8/15/2023   USD     65.350
UniCredit Bank AG     9.100    3/16/2022   EUR     69.980
UniCredit Bank AG     13.200   3/16/2022   EUR     59.060
Societe Generale SA   4.500    12/29/2022  USD   #N/A N/A
UBS AG/London         14.750   2/17/2023   CHF     50.150
UBS AG/London         8.500    2/17/2022   CHF     64.550
Bank Julius Baer & Co 8.500    2/18/2022   EUR     68.150
Landesbank Baden-Wuert3.050    3/25/2022   EUR     41.330
Landesbank Baden-Wuert5.000    3/25/2022   EUR     37.690
Landesbank Baden-Wuert7.300    3/25/2022   EUR     34.810
Landesbank Baden-Wuert3.500    3/25/2022   EUR     72.970
Bank Vontobel AG      10.508   8/19/2022   CHF     54.000
Leonteq Securities AG 15.000   8/19/2022   CHF     65.780
Corner Banca SA       19.000   5/23/2022   USD     43.930
DZ Bank AG Deutsche Ze8.000    6/24/2022   EUR     71.720
Zurcher Kantonalbank F17.250   4/14/2022   CHF     63.760
BNP Paribas Emissions-16.000   3/24/2022   EUR     69.950
BNP Paribas Emissions-18.000   3/24/2022   EUR     67.370
Zurcher Kantonalbank F16.250   05/04/2022  EUR     60.830
Landesbank Baden-Wuert5.250    4/28/2023   EUR     49.620
Landesbank Baden-Wuert3.150    4/28/2023   EUR     53.710
Landesbank Baden-Wuert2.300    4/28/2023   EUR     69.610
Landesbank Baden-Wuert5.700    4/28/2023   EUR     45.270
Landesbank Baden-Wuert4.350    4/28/2023   EUR     46.910
Landesbank Baden-Wuert3.000    4/28/2023   EUR     49.230
DZ Bank AG Deutsche Ze22.600   3/25/2022   EUR     62.920
DZ Bank AG Deutsche Ze24.600   3/25/2022   EUR     67.880
Vontobel Financial Pro16.500   6/24/2022   EUR     64.820
Vontobel Financial Pro20.000   3/25/2022   EUR     61.260
Vontobel Financial Pro16.500   3/25/2022   EUR     64.410
Vontobel Financial Pro20.500   6/24/2022   EUR     46.740
Zurcher Kantonalbank F12.250   05/05/2022  CHF     57.100
UBS AG/London         13.500   4/29/2024   USD     62.170
UBS AG/London         12.750   10/28/2022  CHF     55.600
Landesbank Baden-Wuert2.300    7/22/2022   EUR     62.210
Zurcher Kantonalbank F23.000   2/25/2022   USD     55.230
Vontobel Financial Pro18.500   3/25/2022   EUR     49.590
Landesbank Baden-Wuert2.800    4/25/2022   EUR     62.750
Erste Group Bank AG   4.350    2/28/2022   EUR     41.650
Leonteq Securities AG/3.750    2/20/2023   CHF     62.000
UniCredit Bank AG     16.840   03/01/2022  NOK     65.510
Vontobel Financial Pro15.000   3/25/2022   EUR     32.020
Vontobel Financial Pro16.500   3/25/2022   EUR     43.620
Vontobel Financial Pro20.500   3/25/2022   EUR     39.510
Vontobel Financial Pro21.000   3/25/2022   EUR     38.570
Vontobel Financial Pro22.000   3/25/2022   EUR     37.770
Vontobel Financial Pro23.000   3/25/2022   EUR     37.020
Landesbank Baden-Wuert6.350    10/28/2022  EUR     41.660
Landesbank Baden-Wuert3.500    10/28/2022  EUR     52.000
DZ Bank AG Deutsche Ze20.300   3/25/2022   EUR     72.580
DZ Bank AG Deutsche Ze22.700   3/25/2022   EUR     72.040
Bank Vontobel AG      6.007    9/26/2022   CHF     59.600
Bank Vontobel AG      14.006   9/26/2022   CHF     43.600
Bank Vontobel AG      15.009   6/27/2022   CHF     51.500
UBS AG/London         16.000   9/30/2022   CHF     49.950
BNP Paribas Emissions-15.000   3/24/2022   EUR     71.020
BNP Paribas Emissions-15.000   6/23/2022   EUR     72.000
DekaBank Deutsche Giro3.900    4/25/2022   EUR     38.870
UniCredit Bank AG     3.750    4/19/2022   EUR     58.060
Leonteq Securities AG/16.000   06/01/2022  USD     32.460
Luzerner Kantonalbank 7.500    6/15/2022   CHF     65.390
Leonteq Securities AG/7.000    11/07/2022  CHF     73.470
Zurcher Kantonalbank F7.000    08/10/2022  USD     64.030
Credit Suisse AG/Londo13.250   05/04/2022  USD     51.650
Raiffeisen Switzerland12.500   05/10/2022  EUR     62.270
DZ Bank AG Deutsche Ze10.500   4/22/2022   EUR     42.660
UniCredit Bank AG     9.250    4/27/2022   EUR     67.530
Societe Generale Effek3.000    7/22/2022   USD      7.350
Landesbank Baden-Wuert4.050    10/28/2022  EUR     45.470
Landesbank Baden-Wuert5.750    10/28/2022  EUR     48.020
Raiffeisen Switzerland10.500   07/11/2024  USD     18.190
DZ Bank AG Deutsche Ze17.100   3/25/2022   EUR     43.980
Bank Vontobel AG      6.007    9/26/2022   CHF     59.600
Bank Vontobel AG      4.255    6/27/2022   CHF     57.600
Bank Vontobel AG      12.751   6/27/2022   CHF     52.400
Societe Generale Effek13.500   2/25/2022   EUR     65.220
UBS AG/London         16.750   3/31/2022   CHF     59.150
UniCredit Bank AG     3.200    09/10/2022  EUR     52.400
Leonteq Securities AG/22.080   05/06/2022  CHF     47.670
Leonteq Securities AG/11.000   08/10/2022  USD     57.990
Leonteq Securities AG/8.130    2/21/2022   EUR     65.880
UniCredit Bank AG     3.700    06/04/2022  EUR     55.970
Landesbank Baden-Wuert2.250    3/25/2022   EUR     71.890
Landesbank Baden-Wuert2.500    1/28/2022   EUR     60.480
Bank Vontobel AG      6.507    8/17/2022   CHF     61.100
Leonteq Securities AG/14.000   8/26/2022   USD     49.200
Societe Generale Effek14.500   3/25/2022   EUR     70.250
Societe Generale Effek16.500   3/25/2022   EUR     65.960
Leonteq Securities AG 12.000   06/01/2022  CHF     42.550
Landesbank Baden-Wuert3.400    2/25/2022   EUR     55.110
Landesbank Baden-Wuert7.200    4/25/2022   EUR     47.500
Landesbank Baden-Wuert4.450    4/25/2022   EUR     53.000
Landesbank Baden-Wuert2.000    4/25/2022   EUR     71.960
Landesbank Baden-Wuert3.750    4/25/2022   EUR     67.580
Landesbank Baden-Wuert4.450    4/25/2022   EUR     55.070
Landesbank Baden-Wuert6.700    4/25/2022   EUR     49.870
Landesbank Baden-Wuert10.000   4/25/2022   EUR     45.370
UniCredit Bank AG     4.450    09/11/2023  EUR     33.240
Leonteq Securities AG/15.000   4/13/2022   CHF     35.120
UBS AG/London         13.250   4/29/2022   CHF     69.050
Leonteq Securities AG 22.860   04/12/2022  CHF     28.950
Vontobel Financial Pro24.000   3/25/2022   EUR     71.860
Vontobel Financial Pro18.000   6/24/2022   EUR     69.640
Vontobel Financial Pro20.000   3/25/2022   EUR     70.440
Vontobel Financial Pro17.000   6/24/2022   EUR     70.690
DZ Bank AG Deutsche Ze8.000    6/22/2022   EUR     70.560
Credit Suisse AG/Londo12.000   4/29/2022   USD     28.390
Vontobel Financial Pro17.000   3/25/2022   EUR     70.410
Vontobel Financial Pro19.500   3/25/2022   EUR     68.190
Vontobel Financial Pro11.000   3/25/2022   EUR     61.860
Vontobel Financial Pro17.000   6/24/2022   EUR     69.970
Vontobel Financial Pro18.000   6/24/2022   EUR     54.080
Vontobel Financial Pro16.000   3/25/2022   EUR     71.630
Vontobel Financial Pro16.000   3/25/2022   EUR     55.500
Vontobel Financial Pro8.500    6/24/2022   EUR     66.270
Vontobel Financial Pro14.500   3/25/2022   EUR     56.890
Vontobel Financial Pro19.500   3/25/2022   EUR     51.710
Vontobel Financial Pro13.000   6/24/2022   EUR     59.000
Vontobel Financial Pro12.000   3/25/2022   EUR     60.060
Vontobel Financial Pro15.000   6/24/2022   EUR     47.600
Vontobel Financial Pro10.000   6/24/2022   EUR     51.840
Vontobel Financial Pro17.500   6/24/2022   EUR     46.050
Vontobel Financial Pro7.500    6/24/2022   EUR     54.710
Vontobel Financial Pro12.500   6/24/2022   EUR     49.500
Vontobel Financial Pro9.000    3/25/2022   EUR     54.470
Vontobel Financial Pro12.000   3/25/2022   EUR     50.880
Vontobel Financial Pro15.000   3/25/2022   EUR     47.830
Leonteq Securities AG/24.350   4/29/2022   CHF     63.560
Leonteq Securities AG/23.180   4/29/2022   USD     32.600
Leonteq Securities AG/11.000   10/31/2022  USD     65.260
UniCredit Bank AG     3.800    12/29/2022  EUR     57.700
Landesbank Baden-Wuert4.000    5/27/2022   EUR     45.590
Leonteq Securities AG/4.000    2/21/2022   EUR     67.410
SG Issuer SA          0.263    2/20/2025   EUR     20.780
Landesbank Baden-Wuert4.900    2/25/2022   EUR     69.600
Landesbank Baden-Wuert2.600    2/25/2022   EUR     72.630
Landesbank Baden-Wuert3.700    2/25/2022   EUR     68.380
Landesbank Baden-Wuert4.800    3/25/2022   EUR     69.970
Vontobel Financial Pro10.500   3/25/2022   EUR     69.520
Vontobel Financial Pro13.500   3/25/2022   EUR     65.200
Raiffeisen Switzerland8.200    11/03/2022  CHF     62.320
EFG International Fina6.080    05/05/2022  USD     64.550
Leonteq Securities AG/21.050   05/04/2022  CHF     60.300
Vontobel Financial Pro20.000   3/25/2022   EUR     57.660
Credit Suisse AG/Londo8.250    05/05/2022  USD     54.640
Zurcher Kantonalbank F20.750   05/12/2022  CHF     67.600
SG Issuer SA          7.600    1/20/2025   SEK     68.110
Leonteq Securities AG/9.300    8/24/2022   USD     65.430
UBS AG/London         15.250   2/24/2022   USD     31.800
Zurcher Kantonalbank F19.800   2/25/2022   CHF     54.500
Credit Suisse AG/Londo8.100    8/23/2022   CHF     64.090
Credit Suisse AG/Londo11.000   2/23/2022   USD     46.550
Vontobel Financial Pro16.000   3/25/2022   EUR     52.500
Vontobel Financial Pro21.000   3/25/2022   EUR     47.100
UBS AG/London         6.500    8/24/2022   CHF     43.800
Zurcher Kantonalbank F20.500   2/25/2022   USD     54.610
Vontobel Financial Pro13.500   3/25/2022   EUR     55.890
Landesbank Baden-Wuert13.180   1/28/2022   EUR     67.430
EFG International Fina16.000   2/24/2022   CHF     57.350
EFG International Fina8.200    03/01/2023  USD     69.240
EFG International Fina7.000    2/21/2022   CHF     68.630
Bank Vontobel AG      15.004   03/01/2022  EUR     32.300
Vontobel Financial Pro9.000    3/25/2022   EUR     36.540
Vontobel Financial Pro7.500    3/25/2022   EUR     38.640
Vontobel Financial Pro19.500   3/25/2022   EUR     40.440
Vontobel Financial Pro17.500   3/25/2022   EUR     42.480
Vontobel Financial Pro24.000   3/25/2022   EUR     36.320
Landesbank Baden-Wuert6.400    2/25/2022   EUR     69.770
Leonteq Securities AG 17.000   2/23/2022   CHF     40.230
Vontobel Financial Pro13.000   3/25/2022   EUR     72.820
Bank Vontobel AG      20.004   08/10/2022  CHF     72.400
UniCredit Bank AG     4.000    11/21/2022  EUR     68.680
Vontobel Financial Pro12.900   4/26/2022   EUR     40.110
Landesbank Baden-Wuert3.500    1/28/2022   EUR     51.510
Vontobel Financial Pro14.500   6/24/2022   EUR     66.790
UBS AG/London         11.500   4/21/2022   CHF     57.550
Vontobel Financial Pro13.500   3/25/2022   EUR     53.530
Vontobel Financial Pro17.500   6/24/2022   EUR     50.980
Vontobel Financial Pro15.500   6/24/2022   EUR     72.390
Landesbank Baden-Wuert3.250    12/23/2022  EUR     62.600
UniCredit Bank AG     3.500    2/13/2023   EUR     42.800
Leonteq Securities AG 24.530   4/22/2022   CHF     42.740
UBS AG/London         10.500   4/21/2023   CHF     65.400
Vontobel Financial Pro13.000   6/24/2022   EUR     55.260
Vontobel Financial Pro8.500    6/24/2022   EUR     61.390
Vontobel Financial Pro17.000   3/25/2022   EUR     49.970
Vontobel Financial Pro20.500   3/25/2022   EUR     47.020
EFG International Fina5.800    4/26/2023   EUR     67.790
Vontobel Financial Pro11.000   6/24/2022   EUR     50.510
Vontobel Financial Pro15.500   6/24/2022   EUR     46.470
Vontobel Financial Pro12.500   3/25/2022   EUR     49.120
Vontobel Financial Pro5.500    6/24/2022   EUR     63.810
Vontobel Financial Pro10.500   6/24/2022   EUR     55.920
Bank Julius Baer & Co 16.250   4/22/2022   USD     48.800
Leonteq Securities AG/12.000   4/22/2022   USD     38.490
DZ Bank AG Deutsche Ze17.600   3/25/2022   EUR     63.520
DZ Bank AG Deutsche Ze23.500   3/25/2022   EUR     59.210
Vontobel Financial Pro10.000   6/24/2022   EUR     42.380
UniCredit Bank AG     3.750    3/26/2022   EUR     57.130
Bank Vontobel AG      10.000   5/16/2022   CHF     49.900
DekaBank Deutsche Giro4.250    4/14/2022   EUR     37.930
SG Issuer SA          9.180    1/20/2025   SEK     70.800
UniCredit Bank AG     3.350    6/14/2022   EUR     52.280
Leonteq Securities AG 7.000    03/09/2022  CHF     71.110
Leonteq Securities AG 5.600    5/16/2022   CHF     63.610
Vontobel Financial Pro6.700    03/07/2022  EUR     51.020
UniCredit Bank AG     3.250    3/29/2022   EUR     17.190
Landesbank Baden-Wuert3.000    12/23/2022  EUR     63.380
Vontobel Financial Pro20.000   6/24/2022   EUR     70.480
Vontobel Financial Pro22.500   3/25/2022   EUR     67.480
Vontobel Financial Pro11.000   9/23/2022   EUR     56.140
Vontobel Financial Pro17.000   9/23/2022   EUR     53.540
Vontobel Financial Pro14.000   9/23/2022   EUR     54.610
Vontobel Financial Pro11.500   6/24/2022   EUR     56.380
Vontobel Financial Pro15.000   6/24/2022   EUR     53.920
Vontobel Financial Pro19.000   6/24/2022   EUR     52.210
Leonteq Securities AG 11.000   2/23/2023   CHF     56.190
Leonteq Securities AG 15.000   11/23/2022  CHF     59.680
Leonteq Securities AG/20.000   8/23/2022   USD     41.990
Leonteq Securities AG/13.000   8/23/2022   CHF     60.050
Leonteq Securities AG/8.000    8/23/2023   CHF     65.880
Bank Vontobel AG      15.000   2/20/2023   CHF     56.400
Vontobel Financial Pro19.000   6/24/2022   EUR     63.910
Vontobel Financial Pro18.500   6/24/2022   EUR     49.870
Vontobel Financial Pro14.750   6/24/2022   EUR     58.540
Leonteq Securities AG/25.020   8/23/2022   CHF     53.670
Bank Julius Baer & Co 10.500   2/24/2023   USD     70.800
Vontobel Financial Pro9.500    9/23/2022   EUR     72.130
Vontobel Financial Pro20.500   9/23/2022   EUR     57.090
Vontobel Financial Pro8.000    9/23/2022   EUR     71.130
Raiffeisen Schweiz Gen8.500    2/20/2023   CHF     69.730
Raiffeisen Schweiz Gen12.000   8/23/2022   CHF     62.540
Raiffeisen Schweiz Gen18.000   8/23/2022   CHF     39.410
Zurcher Kantonalbank F13.750   09/01/2022  CHF     47.600
Vontobel Financial Pro8.500    12/23/2022  EUR     69.390
Vontobel Financial Pro11.500   12/23/2022  EUR     66.990
EFG International Fina19.000   11/10/2022  CHF     70.520
Leonteq Securities AG/5.710    9/23/2022   USD     71.600
Leonteq Securities AG/26.400   11/15/2022  USD     72.050
Leonteq Securities AG/22.800   11/11/2022  CHF     47.450
Vontobel Financial Pro17.500   9/23/2022   EUR     71.600
Vontobel Financial Pro11.500   9/23/2022   EUR     72.280
Vontobel Financial Pro14.000   9/23/2022   EUR     69.280
Vontobel Financial Pro16.000   6/24/2022   EUR     67.520
Vontobel Financial Pro14.000   6/24/2022   EUR     69.130
Societe Generale Effek14.500   10/28/2022  EUR     67.980
Leonteq Securities AG 18.000   11/15/2022  CHF     69.120
Bank Vontobel AG      25.000   12/27/2022  CHF     66.300
Zurcher Kantonalbank F28.750   6/27/2022   CHF     65.040
Leonteq Securities AG/24.120   12/28/2022  CHF     67.300
Vontobel Financial Pro6.400    2/28/2022   EUR     49.300
Bank Julius Baer & Co 9.850    11/16/2022  CHF     66.000
Vontobel Financial Pro14.500   3/25/2022   EUR     58.640
Vontobel Financial Pro12.000   3/25/2022   EUR     61.730
Credit Suisse AG/Londo11.500   8/25/2022   USD     50.210
Credit Suisse AG/Londo10.000   11/30/2022  CHF     62.570
Bank Vontobel AG      20.000   12/19/2022  CHF     50.900
Bank Vontobel AG      13.000   10/17/2022  CHF     68.500
Bank Vontobel AG      10.000   2/27/2023   EUR     70.800
Bank Vontobel AG      7.500    2/28/2023   CHF     67.900
Credit Suisse AG/Londo15.250   9/19/2022   EUR     58.350
Credit Suisse AG/Londo13.000   6/30/2022   USD     44.130
Credit Suisse AG/Londo11.500   07/04/2022  CHF     56.870
Credit Suisse AG/Londo11.500   8/23/2022   CHF     58.310
Credit Suisse AG/Londo8.000    8/24/2022   USD     60.500
UBS AG/London         14.250   10/20/2022  CHF     60.650
UBS AG/London         10.000   2/20/2023   EUR     59.200
UBS AG/London         13.500   07/07/2022  CHF     42.400
UBS AG/London         12.250   07/08/2022  USD     64.150
Zurcher Kantonalbank F19.500   9/15/2022   USD     52.490
Societe Generale Effek21.250   6/24/2022   EUR     69.960
Credit Suisse AG/Londo15.000   10/14/2022  USD     49.010
Credit Suisse AG/Londo11.100   10/13/2022  CHF     62.370
Bank Vontobel AG      20.000   9/26/2022   CHF     47.100
UBS AG/London         9.250    03/01/2023  CHF     59.250
UBS AG/London         11.250   03/01/2023  CHF     63.050
UBS AG/London         9.750    03/01/2023  CHF     62.750
UBS AG/London         6.250    09/01/2023  EUR     76.050
Credit Suisse AG/Londo10.000   12/28/2022  USD     56.240
Credit Suisse AG/Londo11.500   9/29/2022   CHF     56.800
Credit Suisse AG/Londo14.500   9/30/2022   USD     40.820
Credit Suisse AG/Londo13.700   9/25/2023   USD     65.530
Zurcher Kantonalbank F8.250    9/23/2022   CHF     70.900
UBS AG/London         15.000   09/09/2022  USD     49.150
Bank Vontobel AG      17.000   09/05/2022  CHF     47.200
Bank Vontobel AG      19.500   09/05/2022  CHF     36.600
Credit Suisse AG/Londo11.500   7/13/2022   CHF     63.200
UBS AG/London         15.250   9/15/2023   USD     61.600
UBS AG/London         8.500    9/22/2022   CHF     55.200
Zurcher Kantonalbank F19.500   10/12/2022  CHF     58.700
UBS AG/London         15.500   07/07/2022  CHF     70.050
UBS AG/London         21.250   7/14/2022   CHF     68.050
Credit Suisse AG/Londo10.000   7/22/2022   CHF     40.880
Credit Suisse AG/Londo10.000   7/19/2022   EUR     63.180
Credit Suisse AG/Londo16.000   7/22/2022   USD     30.730
Bank Vontobel AG      12.000   09/06/2022  USD     53.000
Bank Vontobel AG      13.000   11/28/2022  CHF     53.400
Bank Vontobel AG      8.500    1/23/2023   CHF     60.100
Bank Vontobel AG      18.000   2/28/2023   CHF     56.000
UBS AG/London         8.500    1/30/2023   CHF     69.050
Credit Suisse AG/Londo10.250   11/09/2022  USD     47.360
Credit Suisse AG/Londo9.250    08/11/2022  CHF     64.570
BNP Paribas Emissions-18.000   6/23/2022   EUR     71.430
BNP Paribas Emissions-20.000   6/23/2022   EUR     69.700
BNP Paribas Emissions-18.000   3/24/2022   EUR     70.250
Vontobel Financial Pro18.750   12/23/2022  EUR     67.450
Vontobel Financial Pro13.000   12/23/2022  EUR     66.590
Vontobel Financial Pro18.750   12/23/2022  EUR     61.290
Leonteq Securities AG/16.400   12/02/2022  CHF     73.470
Vontobel Financial Pro16.000   12/23/2022  EUR     72.520
Leonteq Securities AG 23.400   10/25/2022  CHF     66.660
Bank Vontobel AG      10.500   04/12/2023  CHF     64.500
Bank Vontobel AG      16.250   04/12/2023  CHF     60.400
UBS AG/London         9.250    2/13/2023   CHF     70.800
UBS AG/London         9.250    2/20/2023   CHF     62.600
Vontobel Financial Pro14.500   12/23/2022  EUR     68.750
Bank Vontobel AG      8.750    4/18/2023   CHF     62.200
Zurcher Kantonalbank F25.000   9/20/2022   CHF     45.700
Credit Suisse AG/Londo7.500    10/20/2022  USD     75.190
UBS AG/London         12.250   4/13/2023   CHF     67.200
UBS AG/London         18.250   3/15/2023   CHF     53.900
UBS AG/London         12.000   3/22/2023   CHF     63.150
Zurcher Kantonalbank F20.000   10/12/2022  USD     54.280
UBS AG/London         10.250   07/07/2022  EUR     70.550
UBS AG/London         10.250   1/17/2023   USD     65.450
Zurcher Kantonalbank F19.500   09/08/2022  CHF     50.470
Bank Vontobel AG      16.250   11/28/2022  CHF     56.900
Bank Vontobel AG      5.250    01/04/2023  CHF     74.900
Bank Vontobel AG      15.000   10/24/2022  CHF     54.600
Leonteq Securities AG/10.000   02/01/2023  CHF     42.410
Bank Vontobel AG      16.500   8/29/2022   CHF     67.600
UBS AG/London         9.250    1/30/2023   USD     61.000
UBS AG/London         20.250   7/28/2022   USD     41.900
UBS AG/London         28.500   7/28/2022   USD     47.850
Zurcher Kantonalbank F21.750   10/21/2022  CHF     55.230
Credit Suisse AG/Londo11.250   8/15/2022   EUR     71.460
BNP Paribas Emissions-20.000   6/23/2022   EUR     72.240
BNP Paribas Emissions-20.000   3/24/2022   EUR     70.560
BNP Paribas Emissions-20.000   3/24/2022   EUR     67.670
BNP Paribas Emissions-20.000   9/22/2022   EUR     71.910
Leonteq Securities AG/15.000   10/26/2022  USD     69.840
Leonteq Securities AG 20.400   10/26/2022  CHF     66.170
Raiffeisen Schweiz Gen18.000   10/25/2022  CHF     61.060
EFG International Fina16.000   10/27/2022  CHF     57.950
Credit Suisse AG/Londo20.000   12/21/2022  USD     67.040
Raiffeisen Schweiz Gen17.500   12/27/2022  CHF     64.650
Leonteq Securities AG/20.000   12/27/2022  USD     57.530
Leonteq Securities AG 30.000   9/30/2022   CHF     59.410
Leonteq Securities AG 27.000   9/30/2022   CHF     57.930
Vontobel Financial Pro17.000   3/25/2022   EUR     55.930
Leonteq Securities AG/30.000   11/15/2022  CHF     68.410
Corner Banca SA       14.000   9/26/2022   USD     61.700
Leonteq Securities AG 18.000   3/29/2022   CHF     45.540
Credit Suisse AG/Londo19.250   12/08/2022  CHF     54.890
Barclays Bank PLC     0.600    3/14/2023   USD      9.917
Raiffeisen Schweiz Gen19.710   12/14/2022  CHF     67.380
Raiffeisen Switzerland18.000   12/13/2022  CHF     60.920
Credit Suisse AG/Londo10.000   12/12/2022  CHF     64.870
Credit Suisse AG/Londo19.500   12/12/2022  USD     53.810
Leonteq Securities AG/24.800   11/29/2022  CHF     57.390
DZ Bank AG Deutsche Ze19.300   9/23/2022   EUR     72.570
DZ Bank AG Deutsche Ze16.700   12/23/2022  EUR     73.790
Bank Julius Baer & Co 9.250    10/07/2022  USD     67.800
Leonteq Securities AG/26.400   10/07/2022  CHF     56.680
Leonteq Securities AG/12.000   2/22/2023   CHF     71.340
Leonteq Securities AG/17.000   11/22/2022  USD     65.690
Raiffeisen Schweiz Gen18.000   10/12/2022  CHF     58.760
Corner Banca SA       11.600   12/27/2022  USD     68.610
Leonteq Securities AG/12.000   9/27/2022   CHF     52.400
Leonteq Securities AG/12.000   12/28/2022  USD     62.270
Societe Generale Effek19.500   5/27/2022   EUR     67.020
Societe Generale Effek18.500   6/24/2022   EUR     67.990
Raiffeisen Schweiz Gen11.000   12/27/2022  CHF     62.520
Raiffeisen Schweiz Gen11.500   9/27/2022   CHF     55.280
Raiffeisen Schweiz Gen15.000   9/27/2022   CHF     40.730
Raiffeisen Schweiz Gen8.500    3/24/2023   USD     69.020
Raiffeisen Schweiz Gen18.500   9/27/2022   USD     50.470
Leonteq Securities AG 23.400   9/28/2022   CHF     48.680
Leonteq Securities AG 24.000   9/28/2022   CHF     55.920
Leonteq Securities AG 12.000   1/18/2023   CHF     64.220
Credit Suisse AG/Londo5.000    1/19/2023   USD      9.500
Leonteq Securities AG 21.600   10/18/2022  CHF     68.810
Leonteq Securities AG 3.600    9/22/2026   CHF     61.250
Raiffeisen Schweiz Gen3.000    9/21/2029   CHF     70.160
Raiffeisen Schweiz Gen2.700    9/22/2026   CHF     58.880
Leonteq Securities AG 3.900    12/20/2024  CHF     62.480
Raiffeisen Schweiz Gen10.000   12/31/2024  CHF     70.920
Leonteq Securities AG/24.420   11/22/2022  CHF     63.530
Leonteq Securities AG/27.300   11/22/2022  USD     67.010
Zurcher Kantonalbank F20.000   11/15/2022  USD     65.930
Zurcher Kantonalbank F19.000   11/15/2022  CHF     68.740
UBS AG/London         16.250   05/03/2023  USD     58.400
Credit Suisse AG/Londo13.000   12/05/2022  EUR     70.560
Corner Banca SA       15.000   03/10/2023  CHF     61.350
Credit Suisse AG/Londo19.250   12/06/2022  USD     49.890
UBS AG/London         25.750   12/22/2022  USD     69.050
Vontobel Financial Pro26.150   4/26/2022   EUR     63.690
Leonteq Securities AG/11.000   11/22/2022  CHF     68.500
Societe Generale Effek21.250   5/27/2022   EUR     68.120
Vontobel Financial Pro8.500    9/23/2022   EUR     58.530
Raiffeisen Schweiz Gen14.000   2/20/2023   CHF     57.350
UniCredit Bank AG     8.000    3/25/2022   EUR     46.600
UBS AG/London         21.250   3/24/2022   USD     57.900
Leonteq Securities AG/11.000   10/18/2022  CHF     63.410
DZ Bank AG Deutsche Ze10.000   12/23/2022  EUR     63.970
Raiffeisen Schweiz Gen18.000   10/19/2022  CHF     60.780
Raiffeisen Schweiz Gen13.000   10/18/2022  CHF     65.070
Raiffeisen Schweiz Gen20.000   10/19/2022  CHF     69.660
Leonteq Securities AG 24.240   10/19/2022  CHF     59.200
Bank Vontobel AG      13.750   05/08/2023  CHF     58.700
Bank Vontobel AG      18.750   11/14/2022  CHF     59.900
Vontobel Financial Pro19.500   3/25/2022   EUR     53.550
Leonteq Securities AG/20.400   11/16/2022  CHF     72.440
Leonteq Securities AG/22.800   11/16/2022  CHF     62.550
Bank Julius Baer & Co 10.000   3/28/2022   USD     54.000
UBS AG/London         12.250   3/24/2022   CHF     53.850
UBS AG/London         15.500   3/24/2022   CHF     47.300
Vontobel Financial Pro9.200    3/23/2022   EUR     45.240
Vontobel Financial Pro18.250   9/23/2022   EUR     51.320
Zurcher Kantonalbank F7.000    11/22/2022  CHF     64.100
Zurcher Kantonalbank F18.250   11/22/2022  CHF     71.520
Landesbank Baden-Wuert7.250    11/25/2022  EUR     62.550
Vontobel Financial Pro21.250   9/23/2022   EUR     63.890
DZ Bank AG Deutsche Ze12.750   10/26/2022  EUR     73.320
EFG International Fina15.000   9/26/2022   CHF     60.720
UBS AG/London         26.250   9/26/2022   USD     57.600
DZ Bank AG Deutsche Ze10.500   5/25/2022   EUR     71.220
UBS AG/London         10.500   1/23/2023   CHF   #N/A N/A
Credit Suisse AG/Londo8.500    6/30/2022   CHF     43.770
Credit Suisse AG/Londo8.500    6/24/2022   CHF     54.920
Credit Suisse AG/Londo15.000   6/27/2022   USD     44.570
Credit Suisse AG/Londo10.500   09/12/2022  CHF     54.740
Credit Suisse AG/Londo15.000   9/15/2022   USD     42.800
UBS AG/London         14.500   6/30/2022   CHF     63.550
Bank Vontobel AG      15.500   12/19/2022  EUR     62.400
UBS AG/London         12.500   2/13/2023   CHF     72.200
Credit Suisse AG/Londo12.000   6/30/2022   CHF     43.980
Credit Suisse AG/Londo15.000   07/07/2022  USD     42.480
Credit Suisse AG/Londo13.500   8/17/2022   CHF     38.220
Credit Suisse AG/Londo10.350   2/27/2023   CHF     63.430
Zurcher Kantonalbank F8.000    12/27/2022  CHF     67.950
Zurcher Kantonalbank F21.000   10/04/2022  CHF     48.670
Luzerner Kantonalbank 12.400   8/30/2022   USD     66.340
UBS AG/London         14.000   08/04/2022  USD     51.800
Credit Suisse AG/Londo9.000    10/07/2022  CHF     57.410
UBS AG/London         10.250   09/01/2022  EUR     74.800
UBS AG/London         20.250   03/01/2023  CHF     57.100
Credit Suisse AG/Londo10.000   10/05/2022  USD     61.800
UBS AG/London         10.250   03/09/2023  USD     67.300
UBS AG/London         15.750   03/09/2023  USD     60.450
UBS AG/London         8.000    01/09/2023  CHF     74.650
Zurcher Kantonalbank F15.000   9/23/2022   CHF     47.210
Zurcher Kantonalbank F14.000   9/27/2022   USD     70.790
Bank Vontobel AG      14.000   11/28/2022  CHF     67.200
Bank Vontobel AG      10.000   11/28/2022  CHF     55.100
Bank Vontobel AG      19.000   12/05/2022  CHF     52.600
Bank Vontobel AG      12.000   12/12/2022  CHF     54.900
Credit Suisse AG/Londo12.500   7/14/2022   USD     34.500
Zurcher Kantonalbank F16.000   10/14/2022  CHF     53.840
Zurcher Kantonalbank F8.000    10/18/2022  CHF     61.310
UBS AG/London         14.750   3/15/2023   EUR     65.250
Credit Suisse AG/Londo12.750   7/20/2022   CHF     63.630
Bank Vontobel AG      13.500   3/31/2023   CHF     58.400
Bank Vontobel AG      14.750   1/16/2023   CHF     57.800
Bank Vontobel AG      17.000   1/24/2023   CHF     53.200
Leonteq Securities AG 12.000   1/25/2023   CHF     64.170
Bank Julius Baer & Co 10.400   1/24/2023   USD     68.150
Vontobel Financial Pro6.000    12/23/2022  EUR     67.060
Vontobel Financial Pro12.000   12/23/2022  EUR     62.900
Vontobel Financial Pro9.000    12/23/2022  EUR     64.660
Leonteq Securities AG 25.200   10/21/2022  CHF     55.770
Leonteq Securities AG/17.000   10/25/2022  USD     61.130
Leonteq Securities AG/13.000   10/25/2022  USD     61.530
EFG International Fina18.000   10/20/2022  CHF     65.310
Vontobel Financial Pro10.500   12/23/2022  EUR     66.870
Vontobel Financial Pro15.500   12/23/2022  EUR     64.000
Raiffeisen Schweiz Gen12.500   12/20/2022  CHF     72.800
Bank Vontobel AG      9.000    12/18/2023  CHF     70.300
Bank Vontobel AG      10.250   12/19/2022  CHF     69.300
Leonteq Securities AG/12.000   12/13/2022  CHF     54.350
Leonteq Securities AG/22.800   12/21/2022  CHF     69.090
Credit Suisse AG/Londo13.500   12/14/2022  CHF     68.990
UBS AG/London         13.000   3/29/2023   USD     64.950
UBS AG/London         14.250   4/20/2023   USD     63.450
UBS AG/London         8.250    7/21/2022   USD     54.200
UBS AG/London         11.750   7/21/2022   CHF     66.550
Credit Suisse AG/Londo15.000   6/29/2022   USD     28.160
UBS AG/London         19.000   2/17/2022   CHF     56.300
Credit Suisse AG/Londo11.750   09/08/2022  USD     52.630
Credit Suisse AG/Londo8.500    9/13/2022   CHF     56.630
Bank Vontobel AG      10.500   12/27/2022  CHF     50.100
UBS AG/London         11.000   6/30/2022   CHF     57.500
Credit Suisse AG/Londo11.000   12/20/2022  CHF     57.450
Credit Suisse AG/Londo10.250   9/21/2022   CHF     53.770
UBS AG/London         11.000   7/21/2023   USD     55.950
UBS AG/London         9.250    2/20/2023   CHF     62.250
Zurcher Kantonalbank F15.200   9/21/2022   USD     49.270
UBS AG/London         14.750   3/22/2023   USD     59.400
UBS AG/London         10.500   3/22/2023   USD     68.650
Societe Generale Effek19.750   7/22/2022   EUR     70.580
UniCredit Bank AG     7.400    12/09/2024  EUR     70.300
Raiffeisen Schweiz Gen16.000   11/29/2022  CHF     65.050
Leonteq Securities AG 18.500   11/29/2022  CHF     66.370
Leonteq Securities AG/10.000   11/29/2023  EUR     70.710
Corner Banca SA       12.000   11/29/2022  USD     66.480
Bank Vontobel AG      6.500    2/20/2023   CHF     63.400
Bank Vontobel AG      9.000    11/20/2023  CHF     69.000
Bank Vontobel AG      21.750   5/26/2023   CHF     70.600
Bank Vontobel AG      12.500   2/27/2023   CHF     67.500
Bank Vontobel AG      18.250   5/26/2023   EUR     69.700
BNP Paribas Issuance B7.150    11/07/2024  SEK     70.980
Leonteq Securities AG/5.600    5/25/2022   CHF     71.940
Bayerische Landesbank 1.350    12/23/2022  EUR     58.880
Vontobel Financial Pro18.500   12/23/2022  EUR     71.950
Vontobel Financial Pro20.500   9/23/2022   EUR     71.450
Vontobel Financial Pro17.000   12/23/2022  EUR     55.230
Vontobel Financial Pro9.500    12/23/2022  EUR     64.160
Vontobel Financial Pro18.500   9/23/2022   EUR     72.270
Vontobel Financial Pro22.250   12/23/2022  EUR     54.998
Vontobel Financial Pro17.000   12/23/2022  EUR     72.500
Zurcher Kantonalbank F8.000    5/16/2022   CHF     54.390
DeltaCredit Bank JSC  1.000    10/20/2025  RUB     65.010
WEB Windenergie AG    6.500                EUR      0.010
DeloPorts LLC         0.010    11/14/2025  RUB     70.160
Landesbank Baden-Wuert3.600    6/23/2023   EUR     57.490
Societe Generale SA   20.000   02/02/2023  USD     65.450
Societe Generale SA   21.000   12/23/2022  USD     63.850
Skandinaviska Enskilda6.400    1/15/2025   SEK     70.780
Leonteq Securities AG/6.600    01/09/2023  CHF     71.260
BNP Paribas Issuance B7.200    12/17/2024  SEK     69.040
Leonteq Securities AG/20.400   12/09/2022  CHF     57.750
Bank Vontobel AG      10.000   06/12/2023  CHF     67.900
Bank Julius Baer & Co 21.800   6/23/2022   CHF     72.000
Zurcher Kantonalbank F22.500   12/20/2022  USD     71.120
Pongs & Zahn AG       8.500                EUR      0.031
Bayerische Landesbank 1.550    2/23/2024   EUR     73.350
Leonteq Securities AG/9.400    02/04/2022  CHF     71.160
Societe Generale SA   20.000   12/30/2022  USD     72.000
Societe Generale SA   10.000   12/30/2022  USD   #N/A N/A
Bayerische Landesbank 2.500    7/22/2022   EUR     65.640
Societe Generale SA   8.000    5/19/2022   USD     61.000
UBS AG/London         6.750    5/16/2022   CHF     69.050
Bank Julius Baer & Co 8.350    1/30/2023   CHF     70.450
Bank Julius Baer & Co 10.300   1/31/2022   USD     68.650
Leonteq Securities AG/11.210   06/06/2023  CHF     71.430
Leonteq Securities AG 17.100   12/06/2022  CHF     59.960
Leonteq Securities AG/12.000   12/06/2022  CHF     52.570
Bank Vontobel AG      11.500   06/05/2023  CHF     67.100
Bank Vontobel AG      15.000   12/05/2022  CHF     56.200
Skandinaviska Enskilda6.000    1/15/2025   SEK     69.740
Zurcher Kantonalbank F4.000    02/11/2022  CHF     55.330
Zurcher Kantonalbank F8.500    02/11/2022  USD     56.910
Zurcher Kantonalbank F8.125    02/11/2022  EUR     60.570
Zurcher Kantonalbank F9.750    02/11/2022  USD     60.900
Bank Vontobel AG      14.001   04/01/2022  CHF     42.200
Leonteq Securities AG 8.600    1/24/2023   CHF     73.450
DekaBank Deutsche Giro3.500    2/24/2023   EUR     70.400
BNP Paribas Issuance B5.000    11/05/2024  EUR     30.700
Raiffeisen Schweiz Gen5.000    9/13/2022   CHF     70.970
Bank Vontobel AG      13.000   03/07/2022  CHF     49.300
DekaBank Deutsche Giro3.250    11/25/2022  EUR     66.330
Landesbank Baden-Wuert2.650    3/25/2022   EUR     38.540
UBS AG/London         9.250    10/21/2022  CHF     66.250
Landesbank Baden-Wuert2.350    9/23/2022   EUR     37.230
Landesbank Baden-Wuert4.400    9/23/2022   EUR     33.000
Societe Generale SA   22.000   11/03/2022  USD     63.450
Bayerische Landesbank 3.600    10/28/2022  EUR     74.390
Leonteq Securities AG 8.000    12/13/2022  CHF     56.500
UBS AG/London         19.750   4/21/2022   USD     34.000
Zurcher Kantonalbank F6.300    12/16/2022  CHF     55.100
Landesbank Baden-Wuert5.300    3/25/2022   EUR     32.620
Bayerische Landesbank 3.500    1/26/2024   EUR     69.560
EFG International Fina9.800    12/27/2022  CHF     72.670
Rosbank PJSC          0.030    4/30/2024   RUB     65.000
Raiffeisen Schweiz Gen6.600    3/23/2022   CHF     67.900
DekaBank Deutsche Giro2.400    6/17/2022   EUR     67.890
BNP Paribas Emissions-7.000    3/24/2022   EUR     57.370
Zurcher Kantonalbank F6.000    1/28/2022   CHF     68.230
DekaBank Deutsche Giro3.700    11/25/2022  EUR     61.360
EFG International Fina13.400   10/31/2022  CHF     62.740
BNP Paribas Emissions-6.000    3/24/2022   EUR     69.630
BNP Paribas Emissions-5.000    3/24/2022   EUR     26.710
Bayerische Landesbank 1.450    1/26/2024   EUR     60.350
DekaBank Deutsche Giro2.800    1/13/2023   EUR     73.590
WEB Windenergie AG    5.500    04/08/2023  EUR      0.010
Societe Generale SA   21.000   02/02/2023  USD     71.000
BNP Paribas Emissions-10.000   3/24/2022   EUR      1.620
UniCredit Bank AG     4.200    12/06/2022  EUR     69.070
Leonteq Securities AG 18.000   2/22/2023   CHF     70.500
Leonteq Securities AG/12.200   02/07/2022  USD     67.480
Bank Julius Baer & Co 13.950   03/01/2022  USD     45.100
SG Issuer SA          0.350    11/15/2023  EUR     24.960
Judetul Timis         3.340    04/07/2028  RON     10.000
Leonteq Securities AG 7.200    4/25/2022   CHF     70.380
Zurcher Kantonalbank F27.500   8/31/2022   USD     54.220
Zurcher Kantonalbank F14.500   11/11/2022  CHF     65.450
Corner Banca SA       9.000    06/02/2022  CHF     71.170
Vontobel Financial Pro9.100    2/21/2022   EUR     66.090
SG Issuer SA          0.850    10/16/2024  EUR     14.750
UBS AG/London         8.000    1/24/2022   CHF     69.150
UBS AG/London         11.250   1/24/2022   CHF     64.750
Danske Bank A/S       6.860    07/09/2022  SEK     25.880
UBS AG/London         13.000   2/14/2022   CHF     64.050
UBS AG/London         13.000   02/07/2022  CHF     54.850
Credit Suisse AG/Londo20.000   11/29/2024  USD     14.164
Vontobel Financial Pro9.200    1/24/2022   EUR     56.210
Leonteq Securities AG 7.500    11/08/2022  CHF     63.020
Lehman Brothers Treasu3.500    10/24/2011  USD      0.100
Lehman Brothers Treasu0.250    10/19/2012  CHF      0.100
Lehman Brothers Treasu13.500   11/28/2008  USD      0.100
Lehman Brothers Treasu6.750    04/05/2012  EUR      0.100
Lehman Brothers Treasu5.000    4/24/2017   EUR      0.100
Lehman Brothers Treasu2.250    05/12/2009  USD      0.100
Lehman Brothers Treasu2.480    05/12/2009  USD      0.100
Sberbank of Russia PJS0.010    8/21/2025   RUB     74.300
Lehman Brothers Treasu4.000    5/17/2010   USD      0.100
Lehman Brothers Treasu4.000    5/30/2010   USD      0.100
Astana Finance BV     7.875    06/08/2010  EUR     16.000
Credit Agricole Corpor5.400    1/31/2028   BRL     72.480
DekaBank Deutsche Giro3.200    11/04/2022  EUR     71.260
Grupo Isolux Corsan SA1.000    12/30/2021  USD      0.083
Sberbank of Russia PJS0.010    1/19/2026   RUB     69.700
Lehman Brothers Treasu0.500    2/16/2009   EUR      0.100
Lehman Brothers Treasu8.280    3/26/2009   USD      0.100
Lehman Brothers Treasu6.850    12/22/2008  EUR      0.100
Lehman Brothers Treasu7.600    3/26/2009   EUR      0.100
Lehman Brothers Treasu7.550    12/29/2008  USD      0.100
Lehman Brothers Treasu3.850    4/24/2009   USD      0.100
Lehman Brothers Treasu8.000    5/22/2009   USD      0.100
Lehman Brothers Treasu4.500    03/06/2013  CHF      0.100
Lehman Brothers Treasu7.250    10/06/2008  EUR      0.100
Lehman Brothers Treasu10.500   08/09/2010  EUR      0.100
Lehman Brothers Treasu9.000    3/17/2009   GBP      0.100
Lehman Brothers Treasu9.000    6/13/2009   USD      0.100
Lehman Brothers Treasu4.000    4/24/2009   USD      0.100
Lehman Brothers Treasu7.000    11/28/2008  CHF      0.100
Sberbank of Russia PJS0.010    7/23/2025   RUB     72.530
Lehman Brothers Treasu2.400    6/20/2011   JPY      0.100
Lehman Brothers Treasu1.600    6/21/2010   JPY      0.100
Lehman Brothers Treasu4.250    3/13/2021   EUR      0.100
Barclays Bank PLC     1.450    9/24/2038   MXN     36.241
AKB Peresvet ZAO      13.250   4/25/2018   RUB     13.000
Lehman Brothers Treasu14.900   9/15/2008   EUR      0.100
Lehman Brothers Treasu3.500    10/31/2011  USD      0.100
Lehman Brothers Treasu7.000    2/15/2012   EUR      0.100
Lehman Brothers Treasu1.750    02/07/2010  EUR      0.100
Lehman Brothers Treasu4.200    12/03/2008  HKD      0.100
Heta Asset Resolution 0.207    12/31/2023  EUR      1.169
Lehman Brothers Treasu0.250    7/21/2014   EUR      0.100
Sberbank of Russia PJS0.010    08/12/2025  RUB     72.300
Lehman Brothers Treasu1.500    10/25/2011  EUR      0.100
Lehman Brothers Treasu11.000   6/29/2009   EUR      0.100
Lehman Brothers Treasu8.000    08/03/2009  USD      0.100
Lehman Brothers Treasu5.100    05/08/2017  HKD      0.100
Lehman Brothers Treasu3.350    10/13/2016  EUR      0.100
Lehman Brothers Treasu0.800    12/30/2016  EUR      0.100
Lehman Brothers Treasu13.000   7/25/2012   EUR      0.100
Lehman Brothers Treasu6.000    5/23/2018   CZK      0.100
Sberbank of Russia PJS0.010    6/22/2028   RUB     73.400
Lehman Brothers Treasu4.100    06/10/2014  SGD      0.100
Lehman Brothers Treasu1.680    03/05/2015  EUR      0.100
Lehman Brothers Treasu5.000    05/02/2022  EUR      0.100
Sberbank of Russia PJS0.010    11/25/2025  RUB     73.400
DeltaCredit Bank JSC  1.000    5/18/2026   RUB     67.410
Nota-Bank OJSC        13.500   04/01/2016  RUB     31.500
Agrokor dd Via Aquariu4.921    08/08/2017  EUR     14.625
Sberbank of Russia PJS0.010    8/20/2025   RUB     73.200
Sberbank of Russia PJS0.010    8/20/2025   RUB     73.300
Lehman Brothers Treasu7.750    2/21/2016   EUR      0.100
Lehman Brothers Treasu8.000    12/27/2032  JPY      0.100
Sberbank of Russia PJS0.010    11/27/2025  RUB     74.600
Sberbank of Russia PJS0.010    11/26/2025  RUB     72.400
Lehman Brothers Treasu0.010    9/20/2011   USD      0.100
Sberbank of Russia PJS0.010    03/05/2026  RUB     74.800
Sberbank of Russia PJS0.010    03/06/2028  RUB     73.800
Lehman Brothers Treasu8.050    12/20/2010  HKD      0.100
Sberbank of Russia PJS0.010    05/10/2028  RUB     74.300
Mostotrest PJSC       0.010    7/29/2026   RUB     60.410
Lehman Brothers Treasu16.800   8/21/2009   USD      0.100
Lehman Brothers Treasu3.000    06/03/2010  EUR      0.100
Lehman Brothers Treasu7.600    5/21/2013   USD      0.100
Ukraine Government Bon6.000    12/23/2026  UAH     68.694
Ukraine Government Bon6.000    9/13/2028   UAH     61.980
Ukraine Government Bon6.000    10/11/2028  UAH     61.722
Lehman Brothers Treasu8.000    5/22/2009   USD      0.100
Lehman Brothers Treasu2.000    6/28/2011   EUR      0.100
Ukraine Government Bon6.000    03/12/2031  UAH     54.977
Lehman Brothers Treasu13.500   06/02/2009  USD      0.100
Ukraine Government Bon9.700    10/13/2032  UAH     70.910
Lehman Brothers Treasu7.600    03/04/2010  NZD      0.100
Sberbank of Russia PJS0.010    11/12/2025  RUB     72.800
Lehman Brothers Treasu1.460    2/19/2012   JPY      0.100
Lehman Brothers Treasu7.500    5/30/2010   AUD      0.100
Lehman Brothers Treasu4.300    06/04/2012  USD      0.100
Sberbank of Russia PJS0.010    11/24/2025  RUB     73.210
Lehman Brothers Treasu14.100   11/12/2008  USD      0.100
Sberbank of Russia PJS0.010    9/21/2028   RUB     72.800
Sberbank of Russia PJS0.010    10/22/2025  RUB     73.900
Sberbank of Russia PJS0.010    11/20/2025  RUB     72.470
Lehman Brothers Treasu13.150   10/30/2008  USD      0.100
Lehman Brothers Treasu0.500    08/01/2020  EUR      0.100
Lehman Brothers Treasu2.300    06/06/2013  USD      0.100
Lehman Brothers Treasu4.000    06/05/2011  USD      0.100
Lehman Brothers Treasu7.250    07/08/2014  EUR      0.100
Lehman Brothers Treasu2.500    8/23/2012   GBP      0.100
Lehman Brothers Treasu3.000    8/13/2011   EUR      0.100
Lehman Brothers Treasu8.000    10/23/2008  USD      0.100
Lehman Brothers Treasu8.800    12/27/2009  EUR      0.100
Sberbank of Russia PJS0.010    10/06/2025  RUB     73.100
Lehman Brothers Treasu16.000   10/08/2008  CHF      0.100
Lehman Brothers Treasu4.600    10/11/2017  ILS      0.100
Lehman Brothers Treasu0.500    07/02/2020  EUR      0.100
Lehman Brothers Treasu2.500    8/15/2012   CHF      0.100
Lehman Brothers Treasu23.300   9/16/2008   USD      0.100
Lehman Brothers Treasu12.400   06/12/2009  USD      0.100
Lehman Brothers Treasu16.000   12/26/2008  USD      0.100
Lehman Brothers Treasu0.500    06/02/2020  EUR      0.100
Lehman Brothers Treasu11.000   07/04/2011  CHF      0.100
Lehman Brothers Treasu11.000   07/04/2011  USD      0.100
Lehman Brothers Treasu12.000   07/04/2011  EUR      0.100
Lehman Brothers Treasu5.500    07/08/2013  EUR      0.100
Lehman Brothers Treasu10.000   5/22/2009   USD      0.100
Lehman Brothers Treasu4.600    08/01/2013  EUR      0.100
Ukraine Government Bon6.000    11/22/2028  UAH     61.348
Ukraine Government Bon6.000    11/28/2029  UAH     58.270
Lehman Brothers Treasu15.000   06/04/2009  CHF      0.100
Lehman Brothers Treasu10.600   4/22/2014   MXN      0.100
Lehman Brothers Treasu1.000    05/09/2012  EUR      0.100
Lehman Brothers Treasu16.200   5/14/2009   USD      0.100
Lehman Brothers Treasu13.432   01/08/2009  ILS      0.100
Lehman Brothers Treasu3.100    06/04/2010  USD      0.100
Lehman Brothers Treasu7.750    01/03/2012  AUD      0.100
Bibby Offshore Service7.500    6/15/2021   GBP     11.625
Lehman Brothers Treasu7.500    2/14/2010   AUD      0.100
Lehman Brothers Treasu10.000   10/23/2008  USD      0.100
Lehman Brothers Treasu3.450    5/23/2013   USD      0.100
SAir Group            2.750    7/30/2004   CHF     12.625
Lehman Brothers Treasu11.250   12/31/2008  USD      0.100
Sberbank of Russia PJS0.010    10/23/2025  RUB     74.100
City of Novosibirsk Ru7.850    11/27/2027  RUB     74.629
Sberbank of Russia PJS0.010    10/07/2025  RUB     74.600
Sberbank of Russia PJS0.010    07/03/2026  RUB     74.800
Sberbank of Russia PJS0.010    11/05/2025  RUB     72.800
Sberbank of Russia PJS0.010    10/07/2025  RUB     72.600
Lehman Brothers Treasu11.000   12/20/2017  AUD      0.100
Lehman Brothers Treasu10.000   2/16/2009   CHF      0.100
Lehman Brothers Treasu7.000    2/15/2010   CHF      0.100
Lehman Brothers Treasu5.375    02/04/2014  USD      0.100
Lehman Brothers Treasu11.000   2/16/2009   CHF      0.100
Lehman Brothers Treasu0.500    12/20/2017  USD      0.100
Northland Resources AB12.250   3/26/2016   USD      2.621
Lehman Brothers Treasu0.500    12/20/2017  USD      0.100
Rosbank PJSC          0.020    4/30/2024   RUB     65.000
Lehman Brothers Treasu0.500    12/20/2017  AUD      0.100
Lehman Brothers Treasu0.500    12/20/2017  USD      0.100
Lehman Brothers Treasu0.500    12/20/2017  USD      0.100
Ukraine Government Bon6.000    12/24/2025  UAH     73.606
Barclays Bank PLC     2.000    05/07/2036  MXN     35.874
Ukraine Government Bon9.730    9/24/2031   UAH     72.322
Ukraine Government Bon9.710    11/19/2031  UAH     72.035
Lehman Brothers Treasu5.000    11/22/2012  EUR      0.100
Lehman Brothers Treasu10.000   6/17/2009   USD      0.100
Lehman Brothers Treasu5.550    03/12/2015  EUR      0.100
Lehman Brothers Treasu4.000    03/10/2011  EUR      0.100
Ukraine Government Bon6.000    8/28/2030   UAH     56.280
Ukraine Government Bon6.000    12/11/2030  UAH     55.577
Ukraine Government Bon9.790    5/14/2031   UAH     73.100
Lehman Brothers Treasu17.000   06/02/2009  USD      0.100
Ukraine Government Bon6.000    10/15/2031  UAH     53.652
Ukraine Government Bon9.700    8/25/2032   UAH     71.070
Ukraine Government Bon9.760    7/23/2031   UAH     72.726
Ukraine Government Bon9.700    03/10/2032  UAH     71.602
Lehman Brothers Treasu10.442   11/22/2008  CHF      0.100
Ukraine Government Bon9.000    7/17/2030   UAH     70.616
Ukraine Government Bon6.000    4/23/2031   UAH     54.710
Ukraine Government Bon6.000    06/04/2031  UAH     54.459
Lehman Brothers Treasu3.500    6/20/2011   EUR      0.100
Lehman Brothers Treasu16.000   11/09/2008  USD      0.100
Ukraine Government Bon6.000    5/16/2029   UAH     59.836
Lehman Brothers Treasu6.000    9/20/2011   EUR      0.100
Lehman Brothers Treasu18.250   10/02/2008  USD      0.100
Lehman Brothers Treasu4.100    8/23/2010   USD      0.100
Getin Noble Bank SA   7.230    6/28/2024   PLN     65.673
Getin Noble Bank SA   7.730    5/31/2024   PLN     73.874
Lehman Brothers Treasu1.500    02/08/2012  CHF      0.100
Lehman Brothers Treasu5.120    4/30/2027   EUR      0.100
Mriya Agro Holding PLC9.450    4/19/2018   USD      4.667
Petromena ASA         10.850   11/19/2018  USD      0.622
Lehman Brothers Treasu4.800    11/16/2012  HKD      0.100
Lehman Brothers Treasu4.000    10/12/2010  USD      0.100
Sberbank of Russia PJS0.010    10/22/2025  RUB     74.400
Lehman Brothers Treasu3.400    9/21/2009   HKD      0.100
Lehman Brothers Treasu5.200    11/09/2011  EUR      0.100
Lehman Brothers Treasu7.000    10/22/2010  EUR      0.100
BNP Paribas SA        0.500    11/16/2032  MXN     34.228
Leonteq Securities AG/3.400    3/20/2024   CHF     50.120
Santander Consumer Ban5.530                NOK     49.646
Sberbank of Russia PJS0.010    04/06/2026  RUB     73.800
Sidetur Finance BV    10.000   4/20/2016   USD      0.770
Lehman Brothers Treasu5.103    6/22/2046   EUR      0.100
Lehman Brothers Treasu7.500    9/13/2009   CHF      0.100
Lehman Brothers Treasu4.350    08/08/2016  SGD      0.100
Lehman Brothers Treasu7.585    11/22/2009  MXN      0.100
Lehman Brothers Treasu11.000   12/19/2011  USD      0.100
Sberbank of Russia PJS0.010    08/12/2025  RUB     70.010
Lehman Brothers Treasu2.500    12/15/2011  GBP      0.100
Lehman Brothers Treasu4.000    11/24/2016  EUR      0.100
Lehman Brothers Treasu6.000    3/17/2011   EUR      0.100
MTS-Bank PAO          9.500    10/28/2029  RUB     46.490
Santander Consumer Ban5.530                NOK     49.646
Sberbank of Russia PJS0.010    08/07/2025  RUB     75.300
Lehman Brothers Treasu8.000    4/20/2009   EUR      0.100
Lehman Brothers Treasu7.500    10/24/2008  USD      0.100
Lehman Brothers Treasu7.000    4/14/2009   EUR      0.100
Lehman Brothers Treasu6.000    10/24/2008  EUR      0.100
Lehman Brothers Treasu7.750    1/30/2009   EUR      0.100
Lehman Brothers Treasu5.750    6/15/2009   CHF      0.100
Lehman Brothers Treasu4.000    4/13/2011   CHF      0.100
Lehman Brothers Treasu5.000    10/24/2008  CHF      0.100
Lehman Brothers Treasu10.000   3/27/2009   USD      0.100
Lehman Brothers Treasu2.000    10/28/2010  EUR      0.100
Lehman Brothers Treasu5.500    6/15/2009   CHF      0.100
Getin Noble Bank SA   5.310    04/04/2024  PLN     66.775
Lehman Brothers Treasu6.650    8/24/2011   AUD      0.100
HSBC Bank PLC         0.500    11/25/2025  BRL     64.240
Lehman Brothers Treasu8.500    07/06/2009  CHF      0.100
Lehman Brothers Treasu4.500    08/02/2009  USD      0.100
Petromena ASA         9.750    5/24/2016   NOK      0.607
LBI ehf               2.250    2/14/2011   CHF      9.750
Bank Julius Baer & Co 8.000    10/07/2022  USD     63.800
Leonteq Securities AG/12.000   4/13/2022   USD     40.620
Zurcher Kantonalbank F11.250   10/20/2022  USD     48.650
UBS AG/London         14.500   10/17/2022  USD     41.450
Bank Julius Baer & Co 21.450   1/28/2022   EUR     73.900
Bank Julius Baer & Co 7.950    09/02/2022  USD     74.850
DekaBank Deutsche Giro2.000    02/10/2023  EUR     73.300
Leonteq Securities AG/7.600    1/23/2023   CHF     70.590
Sberbank of Russia PJS0.010    1/19/2026   RUB     71.400
Sberbank of Russia PJS0.010    1/19/2026   RUB     73.100
Sberbank of Russia PJS0.010    3/27/2028   RUB     70.200
Sberbank of Russia PJS0.010    1/19/2026   RUB     72.700
HSBC Bank PLC         10.300   12/20/2024  TRY     64.606
Bank Julius Baer & Co 9.900    10/21/2022  USD     55.300
Goldman Sachs & Co Wer25.000   1/26/2022   EUR     71.430
Societe Generale Effek14.250   1/28/2022   EUR     73.790
Societe Generale Effek16.000   1/28/2022   EUR     66.110
Societe Generale Effek11.000   1/28/2022   EUR     66.130
Sberbank of Russia PJS0.010    7/24/2025   RUB     44.600
Sberbank of Russia PJS0.010    12/05/2025  RUB     67.200
Lehman Brothers Treasu7.320    7/31/2013   GBP      0.100
EDOB Abwicklungs AG   7.500    04/01/2012  EUR      2.295
Lehman Brothers Treasu3.025    1/31/2015   EUR      0.100
Lehman Brothers Treasu0.750    3/29/2012   EUR      0.100
Lehman Brothers Treasu6.000    7/28/2010   EUR      0.100
Lehman Brothers Treasu7.000    07/11/2010  EUR      0.100
Lehman Brothers Treasu4.500    12/30/2010  USD      0.100
Credit Agricole Corpor10.800   3/24/2026   TRY     54.621
Lehman Brothers Treasu0.258    11/02/2035  EUR      0.100
Lehman Brothers Treasu3.000    08/08/2017  EUR      0.100
Hellas Telecommunicati8.500    10/15/2013  EUR      0.834
Region of Kaliningrad 6.100    6/16/2027   RUB     73.740
Lehman Brothers Treasu6.000    7/28/2010   EUR      0.100
Lehman Brothers Treasu4.150    8/25/2020   EUR      0.100
Lehman Brothers Treasu6.000    12/06/2016  USD      0.100
Lehman Brothers Treasu4.500    03/07/2015  EUR      0.100
Lehman Brothers Treasu8.000    3/21/2018   USD      0.100
Ukraine Government Bon6.000    11/12/2025  UAH     74.201
Lehman Brothers Treasu11.750   03/01/2010  EUR      0.100
Getin Noble Bank SA   6.700    11/09/2023  PLN     72.875
Irish Bank Resolution 6.750    11/30/2013  BGN     33.250
Lehman Brothers Treasu14.900   11/16/2010  EUR      0.100
Sberbank of Russia PJS0.010    10/06/2025  RUB     68.200
Polski Bank Spoldzielc3.780    9/14/2027   PLN     59.905
Rosbank PJSC          0.010    4/30/2024   RUB     65.000
Lehman Brothers Treasu6.300    12/21/2018  USD      0.100
Lehman Brothers Treasu8.000    3/19/2012   USD      0.100
Lehman Brothers Treasu6.000    03/04/2015  USD      0.100
Ukraine Government Bon6.000    11/26/2025  UAH     73.999
Rosbank PJSC          0.040    4/30/2024   RUB     65.000
Lehman Brothers Treasu11.000   12/20/2017  AUD      0.100
Lehman Brothers Treasu11.000   12/20/2017  AUD      0.100
Lehman Brothers Treasu4.000    01/04/2011  USD      0.100
Lehman Brothers Treasu6.000    2/14/2012   EUR      0.100
Lehman Brothers Treasu15.000   3/30/2011   EUR      0.100
Lehman Brothers Treasu6.600    2/22/2012   EUR      0.100
Lehman Brothers Treasu5.200    3/19/2018   EUR      0.100
Lehman Brothers Treasu4.690    2/19/2017   EUR      0.100
Sberbank of Russia PJS0.010    01/05/2026  RUB     74.600
DeltaCredit Bank JSC  1.000    7/28/2025   RUB     73.000
Sberbank of Russia PJS0.010    11/05/2025  RUB     74.700
Lehman Brothers Treasu1.000    2/26/2010   USD      0.100
Lehman Brothers Treasu6.000    3/18/2015   USD      0.100
Lehman Brothers Treasu7.000    4/24/2009   USD      0.100
Ukraine Government Bon9.010    11/10/2031  UAH     68.561
Ukraine Government Bon8.420    05/10/2034  UAH     62.357
Lehman Brothers Treasu5.500    6/22/2010   USD      0.100
Lehman Brothers Treasu10.000   10/22/2008  USD      0.100
Lehman Brothers Treasu6.600    5/23/2012   AUD      0.100
Lehman Brothers Treasu16.000   10/28/2008  USD      0.100
Lehman Brothers Treasu9.000    05/06/2011  CHF      0.100
Sberbank of Russia PJS0.010    11/11/2025  RUB     74.600
Lehman Brothers Treasu7.150    3/21/2013   USD      0.100
Lehman Brothers Treasu7.600    1/31/2013   AUD      0.100
Lehman Brothers Treasu5.500    4/23/2014   EUR      0.100
Ukraine Government Bon8.220    05/10/2035  UAH     60.232
Ukraine Government Bon8.520    11/10/2033  UAH     63.451
Ukraine Government Bon8.880    05/10/2032  UAH     67.212
Ukraine Government Bon8.310    11/10/2034  UAH     61.224
Lehman Brothers Treasu8.000    12/31/2010  USD      0.100
Lehman Brothers Treasu0.500    12/20/2017  AUD      0.100
Lehman Brothers Treasu0.500    12/20/2017  AUD      0.100
Lehman Brothers Treasu0.500    12/20/2017  AUD      0.100
Lehman Brothers Treasu0.500    12/20/2017  AUD      0.100
Lehman Brothers Treasu9.300    12/21/2010  EUR      0.100
Lehman Brothers Treasu13.000   2/16/2009   CHF      0.100
Lehman Brothers Treasu6.000    08/07/2013  EUR      0.100
Lehman Brothers Treasu6.250    09/05/2011  EUR      0.100
KPNQwest NV           7.125    06/01/2009  EUR      0.453
KPNQwest NV           7.125    06/01/2009  EUR      0.453
Lehman Brothers Treasu3.000    09/12/2036  JPY      0.100
Lehman Brothers Treasu6.700    4/21/2011   USD      0.100
Lehman Brothers Treasu4.680    12/12/2045  EUR      0.100
Lehman Brothers Treasu4.820    12/18/2036  EUR      0.100
Lehman Brothers Treasu13.000   12/14/2012  USD      0.100
Lehman Brothers Treasu5.250    04/01/2023  EUR      0.100
SAir Group            2.750    7/30/2004   CHF     12.625
Credit Agricole Corpor10.150   02/05/2025  TRY     63.107
LBI ehf               8.650    05/01/2011  ISK      9.750
LBI ehf               5.080    03/01/2013  ISK      9.750
Heta Asset Resolution 0.128    12/31/2023  EUR      1.169
Heta Asset Resolution 5.730    12/31/2023  EUR      1.169
Lehman Brothers Treasu2.000    6/21/2011   EUR      0.100
Rio Forte Investments 3.900    07/10/2014  USD      4.599
Northland Resources AB15.000   7/15/2019   USD      2.621
Norske Skogindustrier 7.000    12/30/2026  EUR      0.596
Lehman Brothers Treasu12.000   7/13/2037   JPY      0.100
Lehman Brothers Treasu10.000   06/11/2038  JPY      0.100
Credit Suisse AG/Londo0.500    01/08/2026  BRL     63.674
Northland Resources AB15.000   7/15/2019   USD      2.621
Norske Skogindustrier 2.000    12/30/2115  EUR      0.113
Lehman Brothers Treasu7.060    12/29/2008  EUR      0.100
Cerruti Finance SA    6.500    7/26/2004   EUR      2.058
KPNQwest NV           8.875    02/01/2008  EUR      0.453
KPNQwest NV           8.875    02/01/2008  EUR      0.453
Lehman Brothers Treasu6.600    02/09/2009  EUR      0.100
Lehman Brothers Treasu6.000    6/21/2011   EUR      0.100
Sberbank of Russia PJS0.010    12/02/2025  RUB     66.500
Sberbank of Russia PJS0.010    12/08/2025  RUB     69.200
Lehman Brothers Treasu6.720    12/29/2008  EUR      0.100
Lehman Brothers Treasu7.625    7/22/2011   HKD      0.100
AKB Peresvet ZAO      13.000   10/07/2017  RUB     13.000
BNP Paribas SA        1.000    1/23/2040   MXN     22.217
Lehman Brothers Treasu2.370    7/15/2013   USD      0.100
Lehman Brothers Treasu2.300    6/27/2013   USD      0.100
RGS Nedvizhimost OOO  12.000   10/18/2017  RUB      0.335
Heta Asset Resolution 5.270    12/31/2023  EUR      1.165
Sberbank of Russia PJS0.946    2/17/2025   RUB     74.700
Lehman Brothers Treasu4.870    10/08/2013  USD      0.100
Lehman Brothers Treasu1.950    11/04/2013  EUR      0.100
Sberbank of Russia PJS0.010    10/05/2028  RUB     74.600
WPE International Coop10.375   9/30/2020   USD      5.000
Sberbank of Russia PJS0.010    09/04/2025  RUB     74.210
Sberbank of Russia PJS0.010    09/05/2025  RUB     71.600
Irish Bank Resolution 4.000    4/23/2018   EUR     33.250
Heta Asset Resolution 4.875    12/31/2023  EUR      1.169
Lehman Brothers Treasu5.220    03/01/2024  EUR      0.100
Lehman Brothers Treasu8.600    7/31/2013   GBP      0.100
Lehman Brothers Treasu7.500    7/31/2013   GBP      0.100
Teksid Aluminum Luxemb12.375   7/15/2011   EUR      0.122
Espirito Santo Financi5.625    7/28/2017   EUR      0.528
Lehman Brothers Treasu3.600    3/19/2018   JPY      0.100
Credit Agricole Corpor10.500   2/16/2027   TRY     52.595
Heta Asset Resolution 5.030    12/31/2023  EUR      1.169
Lehman Brothers Treasu1.280    11/06/2010  JPY      0.100
Lehman Brothers Treasu4.000    12/02/2012  EUR      0.100
Sberbank of Russia PJS0.010    12/17/2025  RUB     72.500
Lehman Brothers Treasu4.100    5/20/2009   USD      0.100
Specialized Financial 14.274   2/15/2031   RUB     90.000
Credit Agricole Corpor10.800   3/24/2026   TRY     57.985
Lehman Brothers Treasu4.050    9/16/2008   EUR      0.100
Lehman Brothers Treasu8.280    7/31/2013   GBP      0.100
Lehman Brothers Treasu4.000    2/28/2010   EUR      0.100
Lehman Brothers Treasu3.630    03/02/2012  EUR      0.100
OOO SPV Structural Inv0.010    09/01/2023  RUB     66.740
Mriya Agro Holding PLC10.950   3/30/2016   USD      4.667
Sberbank of Russia PJS0.010    12/17/2025  RUB     72.900
Lehman Brothers Treasu3.820    10/20/2009  USD      0.100
Sberbank of Russia PJS0.010    5/28/2026   RUB     72.500
Credit Agricole Corpor10.320   7/22/2026   TRY     54.989
Lehman Brothers Treasu3.000    9/13/2010   JPY      0.100
Sberbank of Russia PJS0.010    09/09/2025  RUB     72.400
Lehman Brothers Treasu9.250    6/20/2012   USD      0.100
Lehman Brothers Treasu2.000    5/17/2010   EUR      0.100
Lehman Brothers Treasu5.250    11/21/2009  USD      0.100
Credit Agricole Corpor12.000   11/17/2025  TRY     62.880
Credit Agricole Corpor10.200   12/13/2027  TRY     48.581
Sberbank of Russia PJS0.010    9/17/2025   RUB     73.800
DeltaCredit Bank JSC  1.000    10/30/2025  RUB     70.000
Barclays Bank PLC     2.000    06/12/2029  TRY     18.319
Promsvyazbank PJSC    2.500    9/29/2029   RUB     60.440
Sberbank of Russia PJS0.010    9/22/2025   RUB     74.300
Credit Agricole Corpor9.450    03/08/2027  TRY     49.520



                           *********


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 2022.  All rights reserved.  ISSN 1529-2754.

This material is copyrighted and any commercial use, resale or
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Information contained herein is obtained from sources believed to
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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,
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                * * * End of Transmission * * *